Document:

Exhibit 4.5

 

EXACT SCIENCES CORPORATION

 

[Nonstatutory (Non-Qualified)]
[Incentive] Stock Option Agreement

 

Cover Sheet

 

Exact
Sciences Corporation, a Delaware corporation (the “Company”), hereby grants as
of the date below (the “Grant Date”) to the person named below (the “Grantee”)
and the Grantee hereby accepts, an option to purchase the number of shares (the
“Option Shares”) listed below of the Company’s common stock, $.01 par value per
share (“Common Stock”), at the price per share and with a vesting start date
(the “Vesting Start Date”) listed below, such option to be on the terms and
conditions specified in the attached Terms and Conditions.

 

	
  Grantee
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Grant
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vesting
  Start Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Number
  of Option Shares:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Exercise
  Price Per Share:

  	
   

  	
  $

  

 

 

IN
WITNESS WHEREOF, the Company and the Grantee have caused this instrument to be
executed as of the Grant Date set forth above.

 

 

	
   

  	
   

  	
  EXACT
  SCIENCES CORPORATION

  
	
  (Grantee
  Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXACT SCIENCES CORPORATION

 

[Nonstatutory (Non-Qualified)]
[Incentive] Stock Option Agreement

Terms and Conditions

 

1.             Grant Under Plan.  The Company sponsors the 2010 Omnibus
Long-Term Incentive Plan (the “Plan”). 
A Prospectus describing the Plan has been delivered to you.  The Plan itself is available upon request,
and its terms and provisions are incorporated herein by reference.  When used herein, the terms which are defined
in the Plan shall have the meanings given to them in the Plan, as modified
herein (if applicable). This option is subject to the terms and conditions of
the Plan and this Agreement.  You
acknowledge having read the Prospectus and agree to be bound by all the terms
and conditions of the Plan.

 

2.             Vesting and Term
of Option.  This option
shall vest (become exercisable) and remain exercisable only in accordance with Exhibit A
attached hereto.

 

3.             Grant as
[Nonstatutory] [Incentive] Stock Option.  This option is [a nonstatutory stock option
and is not] intended to qualify as an incentive stock option under
Section 422 of the Internal Revenue Code of 1986, as amended, and the
regulations thereunder (the “Code”).

 

4.             Payment of
Exercise Price.  The
exercise price shall be paid by one or any combination of the following forms
of payment

 

(a)                                  in cash, or by check
payable to the order of the Company; and

 

(b)                                  in accordance
with procedures as may be established by the Company and communicated to you in
writing, by delivery of an irrevocable direction to a licensed securities
broker acceptable to the Company to sell shares of Common Stock and to deliver
all or part of the sales proceeds to the Company in payment of the exercise
price.

 

5.             Method of
Exercising Option. 
Subject to the terms and conditions of this Agreement, this option may
be exercised by written notice to the Company at its principal executive
office, or in accordance with such other procedures as may be established by
the Company and communicated to you in writing. 
Such notice shall state the election to exercise this option and the
number of Option Shares for which it is being exercised and shall be
accompanied by payment of the full purchase price of such shares.

 

6.             No Rights as
Stockholder until Exercise.  You shall have no rights as a stockholder
with respect to the Option Shares until such time as you have exercised this
option by delivering a notice of exercise and have paid in full the purchase
price for the shares so exercised in accordance with Section 5.  Except as is expressly provided in the Plan
with respect to certain changes in the capitalization of the Company, no
adjustment shall be made for dividends or similar rights for which the record
date is prior to such date of exercise.

 

 

7.             Capital Changes
and Business Successions.  The existence of this award shall not affect
in any way the right or power of the Company or its stockholders to make or
authorize any or all adjustments, recapitalizations, reorganizations or other
changes in the Company’s capital structure or its business, or any merger or
consolidation of the Company, or any issue of bonds, debentures, preferred or
prior preference stocks ahead of or convertible into, or otherwise affecting
the Common Stock or the rights thereof, or the dissolution or liquidation of
the Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding, whether of a similar
character or otherwise.  The Plan
contains provisions covering the treatment of options in a number of
contingencies such as stock splits and mergers. 
Provisions in the Plan for adjustment with respect to stock subject to
options and the related provisions with respect to successors to the business
of the Company are hereby made applicable hereunder and are incorporated herein
by reference.

 

8.             Miscellaneous.

 

(a)           Notices.  The Company may, in its sole discretion,
decide to deliver any documents related to this option or future Awards that
may be granted under the Plan by electronic means.  You hereby consent to receive such documents
by electronic delivery and, if requested, agree to participate in the Plan
through an on-line or electronic system established and maintained by the
Company or another third party designated by the Company.  Any notice which either party hereto may be required
or permitted to give to the other shall be in writing and may be delivered
personally, by interoffice mail, by fax, by electronic mail or other electronic
means, or via a postal service, postage prepaid, to such electronic mail or
postal address and directed to such person the Company may notify you of from
time to time; and to you at your electronic mail or postal address as shown on
the records of the Company from time to time, or at such other electronic mail
or postal address as you, by notice to the Company, may designate in writing
from time to time.

 

(b)           Severability;
Entire Agreement.  In
the event any provision of this Agreement shall be held illegal or invalid for
any reason, the illegality or invalidity shall not affect the remaining parts
of the Agreement, and the Agreement shall be construed and enforced as if the
illegal or invalid provision had not been included.  This Agreement together with any applicable
provisions of any employment agreement constitute the final understanding between
you and the Company regarding the Option Shares; provided, in the event of any
conflict between the terms of an employment agreement and this Agreement, the
terms of the employment agreement govern. 
Any prior agreements, commitments or negotiations concerning the Option
Shares are superseded.

 

2Exhibit 4.6

 

EXACT SCIENCES CORPORATION

2010 OMNIBUS LONG-TERM INCENTIVE
PLAN

RESTRICTED STOCK AWARD AGREEMENT

 

	
  GRANTED
  TO

  	
   

  	
  GRANT DATE

  	
   

  	
  NUMBER OF

  SHARES

  	
   

  	
  FAIR MKT VALUE

  PER SHARE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

This
Restricted Stock Award Agreement (the “Agreement”) is made between Exact
Sciences Corporation, a Delaware corporation, (the “Company”) and you (“Grantee”).

 

The
Company sponsors the 2010 Omnibus Long-Term Incentive Plan (the “Plan”).  A Prospectus describing the Plan has been
delivered to you.  The Plan itself is
available upon request, and its terms and provisions are incorporated herein by
reference.  When used herein, the terms
which are defined in the Plan shall have the meanings given to them in the
Plan, as modified herein (if applicable).

 

The award described in this Agreement is for the number of shares of
the Company’s Common Stock shown above (the “Shares”). You and the Company
mutually covenant and agree as follows:

 

1.          The award of the Shares is subject to the terms and
conditions of the Plan and this Agreement. 
You acknowledge having read the Prospectus and agree to be bound by all
the terms and conditions of the Plan.

 

2.          You agree that, upon request, you will furnish a
letter agreement providing that you will not distribute or resell any of said
Shares in violation of the Securities Act of 1933, as amended, that you will
indemnify and hold the Company harmless against all liability for any such
violation and that you will accept all liability for any such violation.

 

3.          The Shares shall vest in accordance with Exhibit A
attached hereto.  Until they become
vested, the Shares shall be held by the Company.  Vested Shares shall be delivered to you as
soon as practicable following the applicable date of vesting.  In that regard, you agree that you shall
comply with (or provide adequate assurance as to future compliance with) all
applicable securities laws and income tax laws as determined by the Company as
a condition precedent to the delivery of the Shares.  While the Shares are held by the Company, you
shall not have the right to sell or otherwise dispose of such Shares or any
interest therein.

 

4.           In accordance with Section 10.3 of the Plan,
you shall have the right to receive dividends on the Shares and to vote the
Shares prior to vesting.

 

5.           You acknowledge and agree that upon your Separation
from Service resulting in the forfeiture of any unvested Shares in accordance
with paragraph 3 above and Exhibit A attached hereto, (i) your
right to vote and to receive cash dividends on, and all other rights, title or
interest in, to or with respect to, unvested Shares shall automatically,
without further act, terminate and (ii) the unvested Shares shall be
returned to the Company. You hereby irrevocably appoint (which appointment is
coupled with an interest) the Company as your agent and attorney-in-fact to
take 

 

 

any necessary or appropriate action to cause the Shares to be returned
to the Company, including without limitation executing and delivering stock
powers and instruments of transfer, making endorsements and/or making,
initiating or issuing instructions or entitlement orders, all in your name and
on your behalf.  You hereby ratify and
approve all acts done by the Company as such attorney-in-fact.  Without limiting the foregoing, you expressly
acknowledge and agree that any transfer agent for the Shares is fully
authorized and protected in relying on, and shall incur no liability in acting
on, any documents, instruments, endorsements, instructions, orders or
communications from the Company in connection with the Shares or the transfer
thereof, and that any such transfer agent is a third party beneficiary of this
Agreement.

 

6.           The existence of this award shall not affect in any
way the right or power of the Company or its stockholders to make or authorize
any or all adjustments, recapitalizations, reorganizations or other changes in
the Company’s capital structure or its business, or any merger or consolidation
of the Company, or any issue of bonds, debentures, preferred or prior
preference stocks ahead of or convertible into, or otherwise affecting the
Common Stock or the rights thereof, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets or business,
or any other corporate act or proceeding, whether of a similar character or
otherwise.

 

7.           The Company may, in its sole discretion, decide to
deliver any documents related to this option or future Awards that may be
granted under the Plan by electronic means. 
You hereby consent to receive such documents by electronic delivery and,
if requested, agree to participate in the Plan through an on-line or electronic
system established and maintained by the Company or another third party
designated by the Company.  Any notice
which either party hereto may be required or permitted to give to the other
shall be in writing and may be delivered personally, by interoffice mail, by
fax, by electronic mail or other electronic means, or via a postal service,
postage prepaid, to such electronic mail or postal address and directed to such
person the Company may notify you of from time to time; and to you at your
electronic mail or postal address as shown on the records of the Company from
time to time, or at such other electronic mail or postal address as you, by notice
to the Company, may designate in writing from time to time.

 

8.           In the event any provision of this Agreement shall
be held illegal or invalid for any reason, the illegality or invalidity shall
not affect the remaining parts of the Agreement, and the Agreement shall be
construed and enforced as if the illegal or invalid provision had not been
included.  This Agreement together with
any applicable provisions of any employment agreement constitute the final
understanding between you and the Company regarding the Shares; provided, in
the event of any conflict between the terms of an employment agreement and this
Agreement, the terms of the employment agreement govern.  Any prior agreements, commitments or
negotiations concerning the Shares are superseded.

 

2

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officer, and you have hereunto set your hand,
all as of the day and year first above written.

 

 

	
   

  	
   

  	
  EXACT
  SCIENCES CORPORATION

  
	
  (Grantee
  Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]