Document:

SunOpta Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

EXHIBIT B 
Incentive Stock Option Award Agreement

###COMPANY_LOGO### 

 

###ISSUE_DATE### 

###PARTICIPANT_NAME### 

Dear ###PARTICIPANT_NAME###: 

Pursuant to the terms and conditions of the Company's Amended
2013 Stock Incentive Plan (the 'Plan'), you have been granted Incentive Stock
Options to purchase ###TOTAL_AWARDS### shares (the 'Option') of stock as
outlined below. 

	Granted To: 	 	###PARTICIPANT_NAME### 
	 	 	 
	Employee #: 	 	###EMPLOYEE_NUMBER### 
	 	 	 
	Grant Date: 	 	###ISSUE_DATE### 
	 	 	 
	Options Granted: 	 	###TOTAL_AWARDS### 
	 	 	 
	Option Price Per Share: 	 	###GRANT_PRICE### 
	 	 	 
	Expiration Date: 	 	###EMPLOYEE_GRANT_EXPIRY_DATE### 
	 	 	 
	Vesting Schedule: 	 	###EMPLOYEE_GRANT_VEST_SCHEDULE_TABLE###
  

1. Time of Exercise of Option.

     The Option may not be exercised
prior to the first vesting date set forth above. Until it expires or is
terminated as provided in Sections 2 or 6, this Option may be exercised from
time to time to purchase whole shares up to the following in accordance with the
vesting schedule set forth above.

2. Termination of Employment. 

2.1 General Rule. Except as provided in this Section 2,
the Option may not be exercised unless at the time of exercise the Optionee is
employed by the Company and shall have been so employed or provided such service
continuously since the Grant Date. For purposes of this Notification, the
Optionee is considered to be employed by the Company if the Optionee is employed
by the Company or any parent or subsidiary of the Company (an “Employer”). 

2.2 Termination Generally. If the Optionee’s employment by the Company terminates for any reason other than because of Total Disability or death as provided in Sections 2.3 or 2.4, the Option may be exercised at any time before the
Expiration Date or the expiration of 30 days after the date of termination, whichever is the shorter period, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination.

2.3 Termination Because of Total Disability. If the Optionee’s employment by the Company terminates because of Total Disability, the Option may be exercised at any time before the Expiration Date or before the date 12 months after the
date of termination, whichever is the shorter period, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination. The term “Total Disability” means a mental or physical impairment which is
expected to result in death or which has lasted or is expected to last for a continuous period of 12 months or more and which causes the Optionee to be unable, in the opinion of the Company, to perform his or her duties as an employee of the
Company. Total Disability shall be deemed to have occurred on the first day after the Company has made a determination of Total Disability. 

2.4 Termination Because of Death. If the Optionee dies while employed by the Company, the Option may be exercised at any time before the Expiration Date or before the date 12 months after the date of death, whichever is the shorter period,
but only if and to the extent the Optionee was entitled to exercise the Option at the date of death and only by the person or persons to whom the Optionee’s rights under the Option shall pass by the Optionee’s will or by the laws of
descent and distribution of the state or country of domicile at the time of death.

2.5 Leave of Absence. Absence on leave approved by the Employer or on account of illness or disability shall not be deemed a termination or interruption of employment. Vesting of the Option shall continue during a medical, family or military
leave of absence, whether paid or unpaid, and vesting of the Option shall be suspended during any other unpaid leave of absence. 

2.6 Failure to Exercise Option. To the extent that following termination of employment, the Option is not exercised within the applicable periods described above, all further rights to purchase shares pursuant to the Option shall cease and
terminate. 

3. Method of Exercise of Option; Tax Withholding; Disqualifying Disposition. The Option may be exercised by notice from the Optionee to the Company through the Company’s third-party administrator, Solium Shareworks, of the
Optionee’s binding commitment to purchase shares, specifying the number of shares the Optionee desires to purchase under the Option, which may not be more than 30 days after delivery of the notice, and, if required to comply with the
Securities Act of 1933, containing a representation that it is the Optionee’s intention to acquire the shares for investment and not with a view to distribution. On or before the date specified for completion of the purchase, the Optionee must
pay the Company the full purchase price of those shares in cash or by certified check, or in whole or in part in Common Stock of the Company valued at fair market value. The fair market value of Common Stock provided in payment of the purchase price
shall be the closing price of the Common Stock last reported on Nasdaq before the time payment in Common Stock is made or, if earlier, committed to be made, if the Common Stock is publicly traded, or another value of the Common Stock as specified by
the Company. No shares shall be issued until full payment for the shares has been made, including all amounts owed for tax withholding. The Optionee shall, immediately upon notification of the amount due, if any, pay to the Company in cash 

or by certified check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If additional withholding is or becomes required beyond any amount deposited before delivery of the electronic transfer of the
shares, the Optionee shall pay such amount to the Company, in cash or by certified check, on demand. If the Optionee fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the Optionee,
including salary, subject to applicable law. If within two years after the Grant Date or within 12 months after the exercise of the Option, the Optionee sells or otherwise disposes of Common Stock acquired on exercise of the Option, the Optionee
shall within 30 days of the sale or disposition notify the Company in writing of (i) the date of the sale or disposition, (ii) the amount realized on the sale or disposition and (iii) the nature of the disposition (e.g., sale, gift, etc.). 

4. Nontransferability. Except as provided in this Section 4, the Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, and during the Optionee’s lifetime, the Option is exercisable only
by the Optionee. The Option may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death. 

5. Stock Splits, Stock Dividends. If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any
stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Company in (i) the number and kind of shares subject to the Option, or the unexercised portion thereof,
and (ii) the Option price per share, so that the Optionee’s proportionate interest before and after the occurrence of the event is maintained. Notwithstanding the foregoing, the Company shall have no obligation to effect any adjustment that
would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Company. Any such adjustments made by the Company shall be
conclusive. 

6. Mergers, Reorganizations, Etc. Upon the occurrence of any of the following events: (i) a merger, combination, consolidation, plan for exchange pursuant to which outstanding shares of Common Stock are converted into cash or other stock,
securities or property, (ii) a sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company, the Board of Directors of the Company may provide for the
treatment of the Option in accordance with the Plan.

7. Conditions on Obligations. The Company shall not be obligated to issue shares of Common Stock upon exercise of the Option if the Company is advised by its legal counsel that such issuance would violate applicable state or federal laws,
including securities laws. The Company will use its best efforts to take steps required by state or federal law or applicable regulations in connection with issuance of shares upon exercise of the Option.

8. No Right to Employment. Nothing in the Plan or this Notification shall (i) confer upon the Optionee any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the
Optionee’s employment at will at any time, for any reason, with or without cause, or to decrease the Optionee’s compensation or benefits, or (ii) confer upon the 

Optionee any right to be retained or employed by the Employer
or to the continuation, extension, renewal or modification of any compensation,
contract or arrangement with or by the Employer. 9. Successors of Company.
This Notification shall be binding upon and shall inure to the benefit of
any successor of the Company but, except as provided herein, the Option may not
be assigned or otherwise transferred by the Optionee.

10. Rights as a Shareholder. The Optionee shall have no
rights as a shareholder with respect to any shares of Common Stock until the
date the Optionee becomes the holder or record of those shares. No adjustment
shall be made for dividends or other rights for which the record date occurs
before the date the Optionee becomes the holder of record. 

11. Amendments. The Company may at any time amend this
Notification if the amendment does not adversely affect the Optionee. Otherwise,
this Notification may not be amended without the written consent of the Optionee
and the Company. 

12. Governing Law. This Notification shall be governed
by the laws of Ontario. 

13. Complete Agreement. This Notification and the Plan
constitutes the entire agreement between the Optionee and the Company, both oral
and written concerning the matters addressed herein, and all prior agreements or
representations concerning the matters addressed herein, whether written or
oral, express or implied, are terminated and of no further effect. 

14. Electronic Delivery of Prospectus. The Optionee
consents to the electronic delivery of any prospectus and related documents
relating to the Option in lieu of mailing or other form of delivery. 

By my acceptance of this grant, I hereby acknowledge receipt of
this Option granted on the date shown above, which has been issued to me under
the terms and conditions of the Plan. I further acknowledge receipt of the copy
of the Plan and agree to conform to all of the terms and conditions of the
Option and the Plan. 

		 		SUNOPTAINC. 
	  	 	  	  
		 	By: 	
	Recipient 	 		Authorized OfficerSunOpta Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

EXHIBIT D 

RESTRICTED STOCK UNIT 
AWARD AGREEMENT

(Non-Employee Directors) 

     This Award Agreement (the
“Agreement”) is entered into as of ______________ (the “Award Date”) by and
between SunOpta Inc., a Canadian corporation (the “Company”), and
________________________ , a non-employee director of the Company (the
“Recipient”), for the award of restricted stock units with respect to the
Company’s Common Shares (“Common Shares”). 

     The award of restricted stock
units to the Recipient is made pursuant to Section 7 of the Company’s Amended
2013 Stock Incentive Plan (the “Plan”), and the Recipient desires to accept the
award subject to the terms and conditions of this Agreement. 

     IN CONSIDERATION of the mutual
covenants and agreements set forth in this Agreement, the parties agree to the
following: 

     1. Award and Terms of Restricted
Stock Units. The Company awards to the Recipient under the Plan
________________ restricted stock units (the “Award”), subject to the
restrictions, terms and conditions set forth in this Agreement. 

          (a)
Rights under Restricted Stock Units. A restricted stock unit (an “RSU”)
represents the unfunded, unsecured right to require the Company to deliver to
the Recipient one Commons Share for each RSU. The number of Commons Shares
deliverable with respect to each RSU is subject to adjustment as determined by
the Board of Directors of the Company as to the number and kind of shares of
stock deliverable upon any merger, reorganization, consolidation,
recapitalization, stock dividend, spin-off or other change in the corporate
structure affecting the Common Shares generally. 

          (b)
Vesting Date. The RSUs awarded under this Agreement shall initially be
100% unvested and subject to forfeiture. One-third of the RSUs shall vest on
each anniversary of the Award Date (each, a “Vesting Date”) if the Recipient is
a director of the Company on the Vesting Date and has served as a director of
the Company continuously from the Grant Date to the Vesting Date. 

           (c)
Forfeiture of RSUs on Termination of Service. If the Recipient ceases to
be a director of the Company, the Recipient shall immediately forfeit all
outstanding but unvested RSUs awarded pursuant to this Agreement and the
Recipient shall have no right to receive the related Common Shares. 

          (d)
Restrictions on Transfer. The Recipient may not sell, transfer, assign,
pledge or otherwise encumber or dispose of the RSUs subject to this Agreement.
The Recipient may designate beneficiaries to receive the Common Shares
underlying the RSUs subject to this Agreement if the Recipient dies before
delivery of the Common Shares by so indicating on a form supplied by the
Company. If the Recipient fails to designate a beneficiary, such Common Shares
shall be delivered as directed by the personal representative of the Recipient’s
estate. 

          (e)
No Voting Rights or Dividends. The Recipient shall have no rights as a
shareholder with respect to the RSUs or the Common Shares underlying the RSUs
until the underlying Common Stock is issued to the Recipient. The Recipient will
not be entitled to receive cash payments representing any cash dividends paid
with respect to the Common Stock underlying the RSUs.

          (f)
Delivery Date for the Shares Underlying the RSUs. Following the vesting
of the RSUs, the Company shall issue shares underlying the RSUs to the Recipient
unless the Recipient has elected to defer receipt of the shares under the
Company’s Stock Deferral Plan for Non-Employee Directors (the “Stock Deferral
Plan”). If the Recipient has elected to defer the receipt of the shares
underlying the RSUs pursuant to the terms of the Stock Deferral Plan, the shares
shall be delivered in accordance with the Stock Deferral Plan. 

          (g)
Taxes and Tax Withholding. 

     (i) The
Award may be subject to tax withholding. Prior to any relevant taxable or tax
withholding event, as applicable, the Recipient agrees to make adequate
arrangements satisfactory to the Company to satisfy all federal, state,
provincial and other tax withholding obligations. In this regard, the Recipient
authorizes the Company, or their respective agents, at their discretion, to
satisfy applicable withholding obligations by one or a combination of the
following: 

     (1)
withholding from the Recipient’s or other cash compensation paid by the Company;
or 

     (2)
withholding from proceeds of the sale of Common Shares acquired upon
vesting/settlement of the RSUs either through a voluntary sale or through a
mandatory sale arranged by the Company on the Recipient’s behalf pursuant to
this authorization; or 

     (3)
withholding in Common Shares to be issued upon vesting/settlement of the RSUs.

     (ii) If
the withholding obligation is satisfied by withholding in Common Shares, for tax
purposes, the Recipient is deemed to have been issued the full number of Common
Shares subject to the vested RSUs, notwithstanding that a number of the Common
Shares are held back solely for the purpose of paying the withholding. 

     (iii) The
Recipient agrees to pay to the Company any amount the Company may be required to
withhold or account for as a result of this award that cannot be satisfied by
the means previously described. The Company may refuse to issue or deliver the
shares or the proceeds of the sale of shares if the Recipient fails to comply
with these obligations. 

     (iv) The
Recipient acknowledges and agrees that no election under Section 83(b) of the
Internal Revenue Code of the United States can or will be made with respect to
the RSUs. 

     2. Miscellaneous. 

          (a)
Entire Agreement. This Agreement, the Plan and the Stock Deferral Plan
constitute the entire agreement of the parties with regard to the subjects
hereof. 

          (b)
Interpretation of the Plan and the Agreement. The Compensation Committee
of the Board of Directors (the “Administrator”), shall have the sole authority
to interpret the provisions of this Agreement, the Plan and the Stock Deferral
Plan, and all determinations by it shall be final and conclusive. 

          (c)
Electronic Delivery. The Recipient consents to the electronic delivery of
any prospectus and any other documents relating to this Award in lieu of mailing
or other form of delivery. 

2

          (d)
Rights and Benefits. The rights and benefits of this Agreement shall
inure to the benefit of and be enforceable by the Company’s successors and
assigns and, subject to the restrictions on transfer of this Agreement, be
binding upon the Recipient’s heirs, executors, administrators, successors and
assigns. 

          (e)
Further Action. The parties agree to execute such further instruments and
to take such further action as may reasonably be necessary to carry out the
intent of this Agreement. 

          (f)
Governing Law. This Agreement and the Plan will be interpreted under the
laws of the province of Ontario, exclusive of choice of law rules. 

          (g)
Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original. 

	  	 	 	SUNOPTA INC. 
	  	 	 	  
	   	 	 By: 	 
    
	Recipient 	 	 	Authorized Officer 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]