Document:

Ohr Pharmaceutical, Inc. 10-K

 

Exhibit
10.11(b)

 

OHR
PHARMACEUTICAL, INC.

2016
CONSOLIDATED STOCK INCENTIVE PLAN

Nonqualified
Stock Option Agreement

No.
of shares subject to

Nonqualified Stock Option:

THIS
NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) dated as of the [_______] day of [________], by and between
OHR PHARMACEUTICAL, INC., a Delaware corporation (the “Company”), and [____________] (the “Participant”),
is made pursuant and subject to the provisions of the Ohr Pharmaceutical, Inc. 2016 Consolidated Stock Incentive Plan (the “Plan”),
a copy of which is attached hereto. All terms used herein that are defined in the Plan have the same meaning given them in the
Plan.

1.

Grant
of Option. Pursuant to the Plan, the Company, on [_________] (the “Date of Grant”), granted to the Participant,
subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and
option (the “Option”) to purchase from the Company all or any part of an aggregate of [_____] shares of the Common
Stock of the Company at the exercise price of $[____] per share (the “Option Price”). The Option Price is not less
than the Fair Market Value of a share of the Common Stock on the Date of Grant.

This
Option is subject to the following terms and conditions:

2.

Expiration
Date. This Option shall expire at [_______], on [_________] (the “Expiration Date”) or such earlier time as set
forth in Section 4 of this Agreement.

3.

Vesting
and Exercise of Option.

(a)

In
General. Subject to earlier vesting or forfeiture as provided below, this Option shall become vested and exercisable [immediately]
[on the following dates, provided the Participant has been continuously providing services to the Company or an Affiliate from
the Date of Grant until each such time:

	Vesting
    Date	Additional
    Shares of Common Stock for

     which the Option May be Exercised]
	 	 
	 	 
	 	 
	 	 

 

    	 	1	 

    	 

    

 

(b)

Death
or Disability. Notwithstanding the foregoing, this Option shall fully vest and become exercisable, to the extent not then
previously vested or exercised, in the event the Participant’s service with the Company and its Affiliates is terminated
as a result of the Participant’s death or Disability, prior to both the Expiration Date and the termination of the Participant’s
rights under any other provision of this Agreement. For purposes of this Agreement, the Participant shall be considered to have
a “Disability” if he is unable to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous
period of not less than 12 months. The Committee, in its sole discretion, shall determine, for purposes of this Agreement, whether
the Participant has incurred such a Disability and whether the Participant has terminated service on account of such a Disability.

(c)

Change
in Control. Notwithstanding the foregoing, this Option shall fully vest and become exercisable as of the Control Change Date,
to the extent not then previously vested or exercised, in the event that (i) the Company experiences a Change in Control prior
to both the Expiration Date and the termination of the Participant’s rights under any other provision of this Agreement
and (ii) and no provision is made therein for the continuance, assumption or substitution of the Option by the Company or its
successor in connection with such Change in Control, provided the Participant has been continuously providing services to the
Company or an Affiliate from the Date of Grant until the Control Change Date.

(d)

[Business
Development Transaction. Notwithstanding the foregoing, this Option shall fully vest and become exercisable, to the extent
not then previously vested or exercised, upon execution of a definitive agreement for a licensing, partnership, or other business
development transaction for the OHR-102 program or publication of new successful clinical trial data for the OHR-102 program,
prior to both the Expiration Date and the termination of the Participant’s rights under any other provision of this Agreement,
provided the Participant has been continuously providing services to the Company or an Affiliate from the Date of Grant until
the date of execution of such agreement or publication of such data.]

4.

Time
of Exercise.

(a)

In
General. Once this Option has become vested and exercisable in accordance with Section 3, it shall continue to be exercisable
until the earlier of the termination of the Participant’s rights hereunder pursuant to this Section 4 or the Expiration
Date. A partial exercise of this Option shall not affect the Participant’s right to exercise the Option with respect to
the remaining shares, subject to the conditions of the Plan and this Agreement.

    	 	2	 

    	 

    

 

(b)

Effect
of Termination of Service.

(i)

In
General. If the Participant ceases to provide services to the Company and its Affiliates for any reason, other than death
or Cause as provided below, prior to the Expiration Date and the termination of the Participant’s rights under any other
provision of this Agreement, this Option shall be exercisable for all or any part of the number of shares of Common Stock that
the Participant is entitled to purchase pursuant to Section 3 as of the Termination Date, reduced by the number of shares for
which the Participant previously exercised the Option, until the earlier of (x) the Expiration Date or (y) the date that is three
(3) months after the Termination Date. Any portion of the Option that remains unexercised after the expiration of such period
shall terminate and be forfeited.

(ii)

Termination
on Account of Death. Notwithstanding the foregoing, if the Participant dies while providing services to the Company or any
Affiliate and prior to the Expiration Date and the termination of the Participant’s rights under any other provision of
this Agreement, this Option may be exercised by the Participant’s estate, or the person or persons to whom his rights under
this Option shall pass by will or the laws of descent and distribution, for all or any part of the number of shares of Common
Stock that the Participant is entitled to purchase pursuant to Section 3 as of the Termination Date, reduced by the number of
shares for which the Participant previously exercised the Option, until the earlier of (x) the Expiration Date or (y) one year
after the Participant’s death. Any portion of the Option that remains unexercised after the expiration of such period shall
terminate and be forfeited.

(iii)

Termination
for Cause. Notwithstanding any other provision of this Agreement, all rights hereunder will be immediately discontinued and
forfeited, and the Company shall not have any further obligation hereunder to the Participant and this Option will not be exercisable
for any number of shares of Common Stock (even if the Option previously became vested or exercisable), on and after the time the
Participant is notified of the Participant’s discharge from service with the Company or any Affiliate for Cause.

5.

Method
of Exercise and Payment for Shares. The method for exercise described in this Section 5 shall be the sole method of such exercise.
The Participant may exercise the Option by delivery to the Company of written notice providing: (i) the name of the Participant;
(ii) the address to which Common Stock certificates are to be mailed; (iii) an identification of the Option being exercised by
reference to the date first written above; and (iv) payment in the amount of the product of the Option Price times the number
of shares with respect to which the Option is being exercised (the “Exercise Price”), delivered in person or sent
by first class registered, certified or overnight mail, postage prepaid, or telecopied with a confirmation copy by regular, certified
or overnight mail, addressed or telecopied, as the case may be, to the Treasurer of the Company. The Participant shall pay the
Exercise Price and any applicable tax withholdings in cash or cash equivalent acceptable to the Committee or, in the Committee’s
sole discretion by (a) surrendering shares of Common Stock the Participant already owns and which have a fair market value (determined
as of the day preceding the date of exercise) equal to the Exercise Price and/or minimum required withholding, if applicable;
(b) a cashless exercise through a broker; (c) a “net exercise” procedure; (d) by such other medium of payment as the
Committee in its discretion shall authorize or (e) any combination of the allowable methods of payment set forth herein.

    	 	3	 

    	 

    

 

6.

Nontransferability.
This Option is nontransferable except by will or the laws of descent and distribution. During the Participant’s lifetime,
only the Participant may exercise this Option. No right or interest of a Participant in this Option shall be liable for, or subject
to, any lien, obligation or liability of the Participant.

7.

No
Rights as Stockholder. The Participant shall have no rights as a stockholder with respect to Common Stock covered by the Option
until the date of issuance to the Participant of a stock certificate for such Common Stock; and, except as otherwise provided
in Section 11 hereof, no adjustment for dividends or otherwise shall be made if the record date thereof is prior to the date of
issuance of such certificate.

8.

Agreement
to Terms of the Plan and Agreement. The Participant has received a copy of the Plan, has read and understands the terms of
the Plan and this Agreement, and agrees to be bound by their terms and conditions.

9.

Tax
Consequences. The Participant acknowledges (a) that there may be adverse tax consequences upon acquisition or disposition
of the shares of Common Stock received upon exercise of this Option, (b) that Participant should consult a tax adviser prior to
such acquisition or disposition and (c) that in the event of a Change in Control, benefits may be limited pursuant to Article
XV of the Plan. The Participant is solely responsible for determining the tax consequences of the Option and for satisfying the
Participant’s tax obligations with respect to the Option (including, but not limited to, any income or excise taxes resulting
from the application of Code Section 4999), and the Company and its Affiliates shall not be liable if this Option is subject to
Code Section 4999.

10.

Fractional
Shares. Fractional shares shall not be issuable hereunder, and when any provision hereof may entitle the Participant to a
fractional share, such fractional share shall be disregarded.

11.

Change
in Capital Structure. The terms of this Option shall be adjusted in accordance with the terms and conditions of the Plan as
the Committee determines is equitably required in the event the Company effects one or more stock dividends, stock splits, subdivisions
or consolidations of shares or other similar changes in capitalization.

12.

Notice.
Any notice or other communication given pursuant to this Agreement, or in any way with respect to this Agreement, shall be in
writing and shall be personally delivered or mailed by United States registered or certified mail, postage prepaid, return receipt
requested, to the following addresses:

If
to the Company: 

Ohr
Pharmaceutical, Inc.

800
Third Ave, 11th Floor

New
York, NY 10022

Attention:
Chief Financial Officer

 

If
to the Participant:

__________________________________________

    	 	4	 

    	 

    

 

13.

No
Right to Continued Employment or Service. Neither the Plan, the granting of this Option nor any other action taken pursuant
to the Plan or this Agreement constitutes or is evidence of any agreement or understanding, expressed or implied, that the Company
or any Affiliate shall retain the Participant as an employee or service provider for any period of time or at any particular rate
of compensation.

14.

Binding
Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit
of the legatees, distributees, transferees and personal representatives of the Participant and the successors of the Company.

15.

Conflicts.
In the event of any conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan
shall govern. All references herein to the Plan shall mean the Plan as in effect on the date hereof.

16.

Counterparts.
This Agreement may be executed in a number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one in the same instrument.

17.

Compliance
with Law. The Company shall make reasonable efforts to comply with all applicable federal and state securities laws; provided,
however, that notwithstanding any other provision of this Agreement, the shares of Common Stock shall not be issued if the issuance
thereof would result in a violation of any such law.

18.

Section
409A. Notwithstanding any of the provisions of this Agreement, it is intended that the Option be exempt from Code Section
409A. Notwithstanding the preceding, neither the Company nor any Affiliate shall be liable to the Participant or any other person
if the Internal Revenue Service or any court or other authority have any jurisdiction over such matter determines for any reason
that the Option is subject to taxes, penalties or interest as a result of failing to be exempt from, or comply with, Code Section
409A.

19.

Miscellaneous.
The parties agree to execute such further instruments and take such further actions as may be necessary to carry out the intent
of the Plan and this Agreement. This Agreement and the Plan shall constitute the entire agreement of the parties with respect
to the subject matter hereof.

20.

Governing
Law. This Agreement shall be governed by the laws of the State of Delaware, except to the extent federal law applies.

 

[Signature
page to follow]

 

    	 	5	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Agreement to be signed by a duly authorized officer, and the Participant has affixed
his signature hereto. 

 

	 	COMPANY:
	 	 
	 	OHR PHARMACEUTICAL, INC.
	 	 
	 	 
	 	By:	 	 
	 	Name:
	 	Title:
	 	 
	 	PARTICIPANT:
	 	 
	 	 
	 	 	 

 

 

    	 	6Ohr Pharmaceutical, Inc. 10-K

 

Exhibit
10.11(c)

 

OHR PHARMACEUTICAL, INC.

2016 CONSOLIDATED STOCK INCENTIVE PLAN

Restricted Stock Agreement

No. of shares subject to

Restricted Stock Agreement:

THIS RESTRICTED STOCK
AGREEMENT (this “Agreement”) dated as of the [_______] day of [________], by and between OHR PHARMACEUTICAL, INC.,
a Delaware corporation (the “Company”), and [____________] (the “Participant”), is made pursuant and subject
to the provisions of the Ohr Pharmaceutical, Inc. 2016 Consolidated Stock Incentive Plan (the “Plan”), a copy of which
is attached hereto. All terms used herein that are defined in the Plan have the same meaning given them in the Plan.

1.

Restricted Stock
Award. Pursuant to the Plan, the Company, on [_________] (the “Date of Grant”), granted to the Participant, subject
to the terms and conditions of the Plan and subject further to the terms and conditions set forth herein, [_____] shares of the
Common Stock of the Company (the “Shares”). The Shares shall be nontransferable and forfeitable until the time they
vest and become nonforfeitable as described herein. The Shares will vest and become nonforfeitable as hereinafter provided.

The Shares are
subject to the following terms and conditions:

2.

Vesting of the
Shares.

(a)

In General.
Subject to earlier vesting or forfeiture as provided below, the Shares shall become vested and exercisable [immediately] [on
the following dates, provided that the Participant has been continuously employed by the Company or an Affiliate from the Date
of Grant until each such time:

	Vesting Date	Percentage of Shares Vested
	 	 
	 	 
	 	 
	 	 

 

    	 	1	 

    	 

    

 

(b)

Death or Disability.
Notwithstanding the foregoing, the Shares shall fully vest and become nonforfeitable, to the extent not then previously vested,
in the event the Participant’s employment with the Company and its Affiliates is terminated as a result of the Participant’s
death or Disability, prior to the termination of the Participant’s rights under any other provision of this Agreement. For
purposes of this Agreement, the Participant shall be considered to have a “Disability” if he is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to
result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. The Committee,
in its sole discretion, shall determine, for purposes of this Agreement, whether the Participant has incurred such a Disability
and whether the Participant has terminated employment on account of such a Disability.

(c)

Change in Control.
Notwithstanding the foregoing, the Shares shall fully vest and become nonforfeitable as of the Control Change Date, to the extent
not then previously vested, in the event that (i) the Company experiences a Change in Control prior to the termination of the Participant’s
rights under any other provision of this Agreement and (ii) and no provision is made therein for the continuance, assumption or
substitution of the Shares by the Company or its successor in connection with such Change in Control, provided the Participant
has been continuously employed by the Company or an Affiliate from the Date of Grant until the Control Change Date.

(d)

[Business Development
Transaction. Notwithstanding the foregoing, the Shares shall fully vest and become nonforfeitable, to the extent not then previously
vested, upon execution of a definitive agreement for a licensing, partnership, or other business development transaction for the
OHR-102 program or publication of new successful clinical trial data for the OHR-102 program, prior to the termination of the Participant’s
rights under any other provision of this Agreement, provided the Participant has been continuously employed by the Company or an
Affiliate from the Date of Grant until the date of execution of such agreement or publication of such data.]

3.

Forfeiture
of the Shares.

(a)

The Shares will
become vested and nonforfeitable, if at all, no later than [____________ __, ____]. The Shares that are not vested and nonforfeitable
by such time will be forfeited automatically at the close of business on that date or, if earlier, at the time the Shares may no
longer become vested and nonforfeitable under any circumstances.

(b)

Shares that are
not vested and nonforfeitable pursuant to Section 2 as of the date of termination of the Participant’s service with the Company
and its Affiliates will be forfeited automatically at the close of business on that date (or, if earlier, in connection with the
termination of the Participant’s service with the Company and its Affiliates for Cause).

    	 	2	 

    	 

    

 

(c)

In no event may
the Shares become vested and nonforfeitable, in whole or in part, after forfeiture pursuant to Sections 3(a) or (b) above.

4.

Withholding
of Taxes. The Participant shall pay to the Company in cash, or make arrangements satisfactory to the Company regarding the
payment of, any federal, state or local income or employment taxes required by law to be withheld with respect to the Shares. The
Company, to the extent applicable law permits, may allow the Participant to pay such withholding amounts (a) by surrendering (actually
or by attestation) shares of Common Stock that the Participant already owns and, if necessary to avoid adverse accounting consequences,
has held for at least six months (but only for the minimum required withholding), (b) by a cashless exercise through a broker,
(c) by means of a “net exercise” procedure, (d) by such other medium of payment as the Committee in its discretion
shall authorize ,or (e) any combination of the allowable methods of payment set forth above. To the extent permitted by law, the
Company shall have the right to deduct any such taxes from any payment otherwise due to such Participant, whether or not under
the Plan.

5.

Nontransferability.
The Shares are nontransferable while such Shares remain forfeitable. No right or interest of a Participant in the Shares shall
be liable for, or subject to, any lien, obligation or liability of the Participant or any transferee.

6.

Shareholder Rights.
While the Shares may be forfeited and are nontransferable, the Participant will have all rights of a stockholder with respect to
the Shares, including the right to receive dividends and vote the shares; provided, however, that during such period
(a) a Participant may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the Shares, (b) the Company shall
retain custody of any certificates evidencing the Shares and (c) the Participant will deliver to the Company a stock power, endorsed
in blank, with respect to this Agreement. In lieu of retaining custody of the certificates evidencing Shares granted pursuant to
this Agreement, the shares of Common Stock granted pursuant to this Agreement may, in the Company’s discretion, be held in
escrow by the Company or recorded as outstanding by notation on the stock records of the Company until the Participant’s
interest in such Shares vest.

7.

Agreement to Terms
of the Plan and Agreement. The Participant has received a copy of the Plan, has read and understands the terms of the Plan
and this Agreement, and agrees to be bound by their terms and conditions.

8.

Tax Consequences.
The Participant acknowledges (a) that there may be adverse tax consequences upon acquisition, vesting and/ or disposition of the
Shares, (b) that Participant should consult a tax adviser prior to such acquisition or disposition, and (c) that in the event of
a Change in Control, benefits may be limited pursuant to Article XV of the Plan. The Participant is solely responsible for determining
the tax consequences of the Shares and for satisfying the Participant’s tax obligations with respect to the Shares (including,
but not limited to, any income or excise tax as resulting from the application of Code Sections 83, 409A, or 4999), and the Company
and its Affiliates shall not be liable if this Award is subject to Code Section 409A or 4999.

    	 	3	 

    	 

    

 

9.

Fractional Shares.
Fractional shares shall not be issuable hereunder, and when any provision hereof may entitle the Participant to a fractional share,
such fractional share shall be disregarded.

10.

Change in Capital
Structure. The terms of this Agreement shall be adjusted in accordance with the terms and conditions of the Plan as the Committee
determines is equitably required in the event the Company effects one or more stock dividends, stock splits, subdivisions or consolidations
of shares or other similar changes in capitalization.

11.

Notice. Any
notice or other communication given pursuant to this Agreement, or in any way with respect to this Agreement, shall be in writing
and shall be personally delivered or mailed by United States registered or certified mail, postage prepaid, return receipt requested,
to the following addresses:

If to the Company: 

Ohr Pharmaceutical, Inc.

800 Third Ave, 11th Floor

New York, NY 10022

Attention: Chief Financial Officer

If to the Participant:

_________________________________________

12.

No Right to Continued
Employment or Service. Neither the Plan, the granting of the Shares nor any other action taken pursuant to the Plan or this
Agreement constitutes or is evidence of any agreement or understanding, expressed or implied, that the Company or any Affiliate
shall retain the Participant as an employee or other service provider for any period of time or at any particular rate of compensation.

13.

Binding Effect.
Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the legatees,
distributees, transferees and personal representatives of the Participant and the successors of the Company.

14.

Conflicts. In
the event of any conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall
govern. All references herein to the Plan shall mean the Plan as in effect on the date hereof.

15.

Counterparts.
This Agreement may be executed in a number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one in the same instrument.

16.

Compliance with
Law. The Company shall make reasonable efforts to comply with all applicable federal and state securities laws; provided, however,
that notwithstanding any other provision of this Agreement, the shares of Common Stock shall not be issued if the issuance thereof
would result in a violation of any such law.

    	 	4	 

    	 

    

 

17.

Section 409A.
Notwithstanding any of the provisions of this Agreement, it is intended that this Agreement be exempt from Code Section 409A. Notwithstanding
the preceding, neither the Company nor any Affiliate shall be liable to the Participant or any other person if the Internal Revenue
Service or any court or other authority have any jurisdiction over such matter determines for any reason that the Agreement is
subject to taxes, penalties or interest as a result of failing to be exempt from, or comply with, Code Section 409A.

18.

Miscellaneous.
The parties agree to execute such further instruments and take such further actions as may be necessary to carry out the intent
of the Plan and this Agreement. This Agreement and the Plan shall constitute the entire agreement of the parties with respect to
the subject matter hereof.

19.

Section 83(b) Election.
If the Participant makes an election under Section Code Section 83(b) to be taxed with respect to the Restricted Stock Award as
of the date of transfer of the Date of Grant rather than as of the date or dates upon which the Participant would otherwise be
taxable under Code Section 83(a), the Participant shall deliver a copy of such election to the Company at or prior to the time
of filing such election with the Internal Revenue Service. Neither the Company nor any Affiliate shall have any liability or responsibility
relating to or arising out of the filing or not filing of any such election or any defects in its construction.

20.

Governing Law.
This Agreement shall be governed by the laws of the State of Delaware, except to the extent federal law applies.

 

[Signature page to follow]

 

    	 	5	 

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Agreement to be signed by a duly authorized officer, and the Participant has affixed his signature
hereto.

 

	 	COMPANY:
	 	 
	 	OHR PHARMACEUTICAL, INC.
	 	 
	 	 
	 	By:	 	 
	 	Name:
	 	Title:
	 	 
	 	PARTICIPANT:
	 	 
	 	 
	 	 	 

 

 

    	 	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}]]