Document:

Form of Retention Bonus Letter Agreement

 Exhibit 10.6 

 

			
	 March 21, 2012
	  	Personal & Confidential

  

							
	 To:
	 	  
	 		 	
			
	 From:
	 	Emily Lee Kelley, Vice President, Human Resources	 	
			
	 RE:
	 	Retention Bonus 	 	

 I am writing to inform you that, in appreciation for your continued support of Alexza Pharmaceuticals, the company is
offering you a retention bonus. The company is offering this retention bonus because it wants to reward you with additional compensation should certain conditions as specified below be satisfied. 

You will receive a lump sum retention bonus of $             (less applicable withholdings
and deductions) if each of the following conditions are satisfied: 
  

	 	(1)	You sign this memo in the space provided below and return it to me by no later than Friday, March 23, 2012 

 

	 	(3)	You must not resign your employment or be terminated for misconduct or poor performance prior to May 15, 2012 (if the Company terminates your employment for reasons
other than misconduct or poor performance prior to May 15, 2012, and all of the remaining conditions for the retention bonus have been satisfied, you will receive a pro-rated bonus based upon the amount of time you were employed with the Company
between February 17, 2012 and May 15, 2012); and 

  

	 	(4)	You must satisfactorily perform the tasks and responsibilities that are assigned to you through May 15, 2012. 

If the conditions for you to receive the retention bonus are met, the retention bonus would become payable to you on May 15, 2012. 

Please note that your employment remains “at will,” meaning either you or the Company have the right to terminate your employment without prior
notice at any time and for any reason. 
 Please do not hesitate to contact Human Resources should you have any questions about the salary
reduction or retention bonus program. 
 EMPLOYEE ACKNOWLEDGEMENT AND SIGNATURE: 
 Although I understand that my employment is at-will, and that this memo does not change my at-will status, by signing below I represent that I currently intend to continue employment with the company in
my current position through at least May 15, 2012. I understand that the company is offering the retention bonus described above in reliance upon my representation. 
  

									
	 Employee Signature:
	 	  
	  	Date:Form of Issuance of an Officer RSU Retention Grant Letter Agreement

 Exhibit 10.7 

 

			
	 March 23, 2012
	  	Personal & Confidential

  

							
	 To:
	 	  
	 		  	
			
	 From:
	 	Thomas B. King, President and CEO	  	
			
	 RE:
	 	Issuance of an Officer RSU Retention Grant 	  	

 On March 28, 2012 or sooner subject to your acceptance of this offer, you will receive a Restricted Stock Unit grant for
             shares, which will vest fully on June 5, 2012. 
 We obviously have a
significant amount to accomplish in the near-term, as we push toward our ADASUVE PDUFA date and our EMA Day 121 response documents. We expect to maintain our GMP facility readiness and a few exploratory projects (including AZ-002). We have finalized
our near-term goals and key activities, and we have internally discussed our various roles and responsibilities as they relate to these goals and activities. 
 Your offer of RSU grant/vesting is based on the following conditions being satisfied: 
  

	 	(1)	You sign this memo, in the space provided below, and return it to Human Resources by no later than close of business on March 26, 2012; 

 

	 	(2)	You remain employed by Alexza through at least June 5, 2012; and 

  

	 	(3)	You must satisfactorily perform the tasks and responsibilities that are assigned to you. 

 Please note that you will need to update or amend your 10b5-1 plan with JMP, in order to efficiently sell these shares as they vest. We will work with you to update your plan to take into consideration
the vesting of these new shares. 
 Please note that your employment remains “at will,” meaning either you or the Company have the
right to terminate your employment without prior notice at any time and for any reason. Please do not hesitate to contact Human Resources, your SVP/VP or myself should you have any questions. 
 EMPLOYEE ACKNOWLEDGEMENT AND SIGNATURE: 
 By signing below I represent that I understand the
referenced RSU grant will not vest unless I continue my employment with the company in my current position through at least June 5, 2012. I understand that the company is offering the ongoing employment and RSU grant described above in reliance upon
my representation. 
  

									
	Employee Signature:	  	  
	  	Date:2012 Cash Bonus Plan

 Exhibit 10.8 
 ALEXZA PHARMACEUTICALS, INC. 

2012 CASH BONUS PLAN 

 

	1.	GENERAL. 

(a) Eligible Bonus Award Recipients. The persons eligible to receive Bonus Awards are Officers, Directors, Managers and Individual
Contributors 
 (b) Form of Bonus Awards. All Bonus Awards under the Bonus Plan will be paid in cash.

 (c) Purpose. The Company, by means of the Bonus Plan, seeks to secure and retain the services of the group of persons
eligible to receive Bonus Awards as set forth in Section 1(a) and to provide incentives for such persons to exert maximum efforts for the success of the Company. 
  

	2.	DEFINITIONS.  

 (a) “Base Salary” means a Participant’s annual base compensation, as determined on the applicable Bonus Determination Date. 

(b) “Board” means the Board of Directors of the Company. 

(c) “Bonus Award” means, with respect to each Participant, the award determined by the Committee, in its
sole discretion, on any Bonus Determination Date. 
 (d) “Bonus Determination Date” means the
date upon which the Committee, in its sole discretion, determines the actual Bonus Award earned by each Participant. 
 (e)
“Bonus Plan” means this Alexza Pharmaceuticals, Inc. 2012 Cash Bonus Plan. 
 (f)
“Committee” means the Compensation Committee of the Board (or a subcommittee thereof), or such other committee of the Board (including, without limitation, the full Board) to which the Board has delegated power to
administer the Bonus Plan. 
 (g) “Company” means Alexza Pharmaceuticals, Inc. 

(h) “Continuous Service” means that the Participant’s service with the Company, whether as an
Officer, Director, Manager or Individual Contributor is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company as an Officer, Director, Manager or Individual Contributor, provided that there
is no interruption or termination of the Participant’s service with the Company, shall not terminate a Participant’s Continuous Service. To the extent permitted by law, the Committee or the chief executive officer of the Company, in that
party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. 

 (i) “Corporate Goal” means any of the Corporate Goals set
forth on Exhibit A. 
 (j) “Director” means a person who is at the management level of
Associate through Executive Director level, or at the technical level of Sr. Scientist II or Sr. Research Fellow, or Principal Engineer or Sr. Fellow Engineer. 
 (k) “Individual Contributor” means all other employees not in the Manager, Director, Officer or CEO role. 

(l) “Manager” means a person who is at the management level of Supervisor through Sr. Manager, or at the
technical level of Scientist I through Sr. Scientist I level, or Sr. Engineer I through Sr. Staff Engineer level. 
 (m)
“Officer” means a person designated as such by the Board. 
 (n)
“Participant” means an eligible Officer, Director, Manager or Individual Contributor selected by the Committee, in its sole discretion, to participate in the Bonus Plan. 

(o) “Performance Period” means March 22, 2012 through December 31, 2012. 

(p) “Target Bonus Award” means the target award payable under the Bonus Plan to a Participant, as
determined by the Committee. Each Participant’s Target Bonus Award equals the product of such Participant’s (i) Base Salary, (ii) Target Bonus Percentage, and (ii) Multiplication Factor. For example, an Officer with a Base
Salary is $200,000, whose Target Bonus Percentage is 40% would have his or her Bonus Award calculated by reference to a Target Bonus Award of $80,000 ($200,000 x 40%). 
  

					
	(q) “Target Bonus Percentage” means:	  	60% for the chief executive officer;	  	
		  	40% for Officers;	  	
		  	20% for Directors;	  	
		  	15% for Managers; and	  	
		  	10% for Individual Contributors	  	

  

	3.	Plan Administration. 

(a) The Committee shall be responsible for the general administration and interpretation of the Bonus Plan and for carrying out its
provisions. The Committee may delegate specific administrative tasks to Company Employees or others as appropriate for proper administration of the Bonus Plan. The Committee shall have such powers as may be necessary to discharge its duties
hereunder, including, but not by way of limitation, the following powers and duties, but subject to the terms of the Bonus Plan: 
 (i) authority to determine eligibility and the amount, manner and time of payment of any Bonus Awards hereunder; 
 (ii) authority to construe and interpret the terms of the Bonus Plan; 

 (iii) authority to adopt rules, regulations and bylaws and to take such actions as it
deems necessary or desirable for the proper administration of the Bonus Plan. 
 (b) Any rule or decision by the
Committee that is not inconsistent with the provisions of the Bonus Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law. 
 4. Earning of Bonus Award. Participation in the Bonus Plan is at the discretion of the Committee. If an Officer, Director, Manager or Individual Contributor is hired after the beginning of the
Performance Period, the Committee shall have the discretion to determine whether such individual should be eligible to participate in the Bonus Plan and whether such participation, if any, should be prorated. A Participant must be in Continuous
Service, and meeting the minimum standard of performance for their position in the company through the payment date to earn any Bonus Award under this Bonus Plan; if the Participant’s Continuous Service terminates before the payment date of any
Bonus Award, the Participant will not be eligible to receive a Bonus Award, or any portion of a Bonus Award, except as provided in an applicable severance plan or in an individual employment or retention agreement with such Participant.

  

	5.	Timing of Payment.

 (a)
NDA Approval Bonus Awards. If the NDA for ADASUVE is approved during the Performance Period as determined by the Committee in its sole discretion, the Committee shall determine Bonus Awards based on 50% of the Target Bonus Awards. The Company
shall distribute amounts payable to Participants within 60 days following the Bonus Determination Date in respect of these Bonus Awards. 
 (b) Year-End Bonus Awards. On December 31, 2012, the Committee shall determine Bonus Awards based on 50% of the Target Bonus Awards, the overall Corporate Goal achievement and individual
performance. Notwithstanding the foregoing, individual performance will not increase or decrease any Participant’s Bonus Award by more than 30%. An individual must have an individual performance rating of at least 70% to earn a year-end Bonus
Award and the Company must have at least a 70% achievement of the Corporate Goals for any Participant to receive a year-end Bonus Award, as determined by the Committee. The Committee’s determination of the achievement of the Corporate Goals
(and applicable department/individual goals, for all Participants other than the Chief Executive Officer) will account for 80% of the year-end Bonus Award determination, and the remaining 20% is subject to the sole discretion of the Committee. The
Company shall distribute amounts payable to Participants within 60 days following the Bonus Determination Date in respect of these Bonus Awards. 
 6. Amendment and Termination of the Bonus Plan. The Committee may amend, modify, suspend or terminate the Bonus Plan, in whole or in part, at any time, including adopting amendments deemed
necessary or desirable to correct any defect or to supply omitted data or to reconcile any inconsistency in the Bonus Plan or in any Bonus Award granted hereunder. At no time before the actual payment of Bonus Awards to Participants under the Bonus
Plan shall any Participant accrue any vested interest or right whatsoever under the Bonus Plan. 

 7. Withholding. Each Bonus Award shall be reduced by the sums required to satisfy the federal, state,
local and foreign tax withholding obligations of the Company, if any, which arise in connection with the payment of such Bonus Award. 
 8.
Unfunded Plan. The Bonus Plan is unfunded and nothing in the Bonus Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any right to payment of a Bonus Award other than as an unsecured general
creditor with respect to any payment to which he or she may be entitled. Each Bonus Award under the Bonus Plan shall be paid solely from the general assets of the Company. 
 9. No Guarantee of Employment. The Bonus Plan is intended to provide a financial incentive to Participants and is not intended to confer any rights to continued employment upon Participants whose
employment will remain at-will and subject to termination by either the Company or Participant at any time, with or without cause or notice. 

10. Recovery. Any amounts paid hereunder shall be subject to recoupment in accordance with The Dodd–Frank Wall Street Reform and Consumer
Protection Act and any implementing regulations thereunder, any clawback policy adopted by the Company or as is otherwise required by applicable law. 

 EXHIBIT A 

2012 PERFORMANCE GOALS 
 Corporate Goal 1: Prepare for ADASUVE Commercialization 
  

	 	•	 	 Successful manufacturing scale-up 

 Metric: Successful facility inspections and begin commercial manufacture 
  

	 	•	 	 Gain NDA approval from FDA 

  

	 	•	 	 Gain MAA approval from EMA 

  

	 	•	 	 Execute against all post-approval regulatory commitments 

 Corporate Goal 2: Advance Alexza and its pipeline 
  

	 	•	 	 Continue internal AZ-002 development 

 Metric: Move AZ-002 to CPD, through DVT 
  

	 	•	 	 Enter into additional partnership agreements for ADASUVE and maintain current partnership 

Metric: U.S. partnership following NDA approval, Ex-U.S. and Ex-Ferrer Territories partnership(s) 

Corporate Goal 3: Corporate Governance 
 Metrics: Maintain public company reporting compliance and administration

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}]]