Document:

Amended and Restated Employee Stock Option Plan

 Exhibit 4.1 

UTEK CORPORATION 

AMENDED AND RESTATED EMPLOYEE STOCK OPTION PLAN 

1. Purpose of Plan 
 The
purpose of this Plan is to enable UTEK CORPORATION (the “Company”) and its Subsidiaries to compete successfully in attracting, motivating and retaining Employees with outstanding abilities by making it possible for them to purchase Shares
on terms that will give them a direct and continuing interest in the future success of the businesses of the Company and its Subsidiaries and encourage them to remain in the employ of the Company or one or more of its Subsidiaries. Each Option is
intended to be an Incentive Stock Option, except to the extent that (a) any such Option would exceed the limitations set forth in Section 3.(c) hereof and (b) for Options specifically designated at the time of grant as not being
Incentive Stock Options. 
 2. Definitions 

For purposes of the Plan, except where the context clearly indicates otherwise, the following terms shall have the meanings set forth
below: 
 (a) “Board” means the Board of Directors of the Company. 

(b) “Code” means the United States Internal Revenue Code of 1986, as amended. 

(c) “Committee” means the Committee described in Section 9 hereof. 

(d) Intentionally omitted. 

(e) “Employee” means a person who is regularly employed on a salary basis by the Company or any Subsidiary,
including an officer or director of the Company or any Subsidiary who is also an employee of the Company or a Subsidiary. 

(f) “Fair Market Value” means, with respect to a Share, if the Shares are then listed and traded on a registered
national or regional securities exchange, or quoted on The National Association of Securities Dealers’ Automated Quotation System (including The Nasdaq Small Cap Market), the closing market price of a Share on such exchange or quotation system
on the date of grant of an Option, or, if Fair Market Value is used herein in connection with any event other than the grant of an Option, then such closing market price on the date of such event. If the Shares are not traded on a registered
securities exchange or quoted in such a quotation system, the Committee shall determine the Fair Market Value of a Share consistent with regulations regarding options not subject to Code section 409A. 

 (g) “Incentive Stock Option” means an option granted under this
Plan and which is an incentive stock option within the meaning of section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute. 

(h) “Option” means an option granted under this Plan, whether or not such option is an Incentive Stock Option.

 (i) “Optionee” means any person who has been granted an Option which Option has not expired or been
fully exercised or surrendered. 
 (j) “Plan” means the Company’s Employee Stock Option Plan.

 (k) “Rule 16b-3” means Rule 16b-3 promulgated pursuant to Section 16(b) of the Securities
Exchange Act of 1934, as amended, or any successor rule. 
 (l) “Share” means one share of voting
common stock, par value $.01 per share, of the Company, and such other stock or securities that may be substituted therefore pursuant to Section 6 hereof. 

(m) “Subsidiary” means any corporation, limited liability company, partnership or other entity of which a
majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Corporation. For Incentive Stock Options, the term shall have the meaning set forth in Section 424(f) of the Code. 

3. Limits on Options 

(a) The total number of Shares with respect to which Options may be granted under the Plan shall not exceed in the
aggregate 2,811,274 Shares (which includes all Shares with respect to which Options have been granted or surrendered for payment in cash or other consideration pursuant to this Plan or predecessor forms of this Plan), subject to adjustment as
provided in Section 6 hereof. If any Option expires, terminates or is terminated for any reason prior to its exercise in full, the Shares that were subject to the unexercised portion of such Option shall be available for future grants under the
Plan. 
 (b) No Incentive Stock Option shall be granted to any Employee who at the time such option is granted,
owns capital stock of the Company possessing more than 10% of the total combined voting power or value of all classes of capital stock of the Company or any Subsidiary, determined in accordance with the provisions of Section 422(b)(6) and
424(d) of the Code, unless the option price at the time such Incentive Stock Option is granted is at least 110 percent (110%) of the Fair Market Value of the Shares subject to the Incentive Stock Option and such Incentive Stock Option is not
exercisable by its terms after the expiration of five (5) years from the date of grant. 
 (c) An Incentive
Stock Option shall be granted hereunder only to the extent that the aggregate Fair Market Value (determined at the time the Incentive Stock Option is granted) of the Shares with respect to which such Incentive Stock Option and any other

 
“incentive stock option” (within the meaning of Section 422 of the Code) are exercisable for the first time by any Optionee during any calendar year (under the Plan and all other
plans of the Optionee’s employer corporation and its parent and subsidiary corporations within the meaning of Section 422(d) of the Code) does not exceed $100,000. This limitation shall be applied by taking Incentive Stock Options and any
such other “incentive stock options” into account in the order in which such Incentive Stock Options and any such other “incentive stock options” were granted. 

(d) No Optionee shall, in any calendar year, be granted Options to purchase more than 100,000 Shares. Options granted to
the Optionee and cancelled during the same calendar year shall be counted against such maximum number of Shares. In the event that the number of Options which may be granted is adjusted as provided in the Plan, the above limit shall automatically be
adjusted in the same ratio. 
 4. Granting of Options 

The Committee is authorized to grant Options to selected Employees pursuant to the Plan. Subject to the provisions of the Plan, the
Committee shall have exclusive authority to select the Employees to whom Options will be awarded under the Plan, to determine the number of Shares to be included in such Options, and to determine such other terms and conditions of Options, including
terms and conditions which may be necessary to qualify Incentive Stock Options as “incentive stock options” under Section 422 of the Code. The date on which the Committee approves the grant of an Option shall be considered the date on
which such Option is granted, unless the Committee provides for a specific date of grant which is subsequent to the date of such approval. 

5. Terms of Stock Options 

Subject to Section 3 hereof, the terms of Options granted under this Plan shall be as follows: 

(a) The exercise price of each Share subject to an Option shall be fixed by the Committee. Notwithstanding the prior
sentence, the option exercise price of an Incentive Stock Option shall be fixed by the Committee but shall in no event be less than 100% of the Fair Market Value of the Shares subject to such Option. 

(b) Options shall not be assignable or transferable by the Optionee other than by will or by the laws of descent and
distribution except that the Optionee may, with the consent of the Committee, transfer without consideration Options that do not constitute Incentive Stock Options to the Optionee’s spouse, children or grandchildren (or to one or more trusts
for the benefit of any such family members or to one or more partnerships in which any such family members are the only partners). 

(c) Each Option shall expire and all rights thereunder shall end at the expiration of such period (which shall not be more
than ten (10) years) after the date on which it was granted as shall be fixed by the Committee, subject in all cases to earlier expiration as provided in subsections (d) and (e) of this Section 5. 

 (d) During the life of an Optionee, an Option shall be exercisable only by
such Optionee (or Optionee’s permitted assignee in the case of Options that do not constitute Incentive Stock Options) and only prior to the end of one (1) month after the termination of the Optionee’s employment with the Company or a
Subsidiary, other than by reason of the Optionee’s death, permanent disability or retirement with the consent of the Company or a Subsidiary as provided in subsection (e) of this Section 5, but only if and to the extent the Option was
exercisable immediately prior to such termination, and subject to the provisions of subsection (c) of this Section 5. If the Optionee’s employment is terminated for cause, or the Optionee terminates his employment with the Company,
all Options granted to date by the Company to the Optionee (including any Options that have become exercisable) shall terminate immediately on the date of termination of employment. Cause shall have the meaning set forth in any employment agreement
then in effect between the Optionee and the Company or any of its Subsidiaries, or if the Optionee does not have any employment agreement, cause shall mean (i) if the Optionee engages in conduct which has caused, or is reasonably likely to
cause, demonstrable and serious injury to the Company, or (ii) if the Optionee is convicted of a felony, as evidenced by a binding and final judgment, order or decree of a court of competent jurisdiction, which, in the opinion of the Board,
substantially impairs the Optionee’s ability to perform his or her duties to the Company. 
 (e) If an
Optionee: (i) dies while employed by the Company or a Subsidiary or within the period when an Option could have otherwise been exercised by the Optionee; (ii) terminates employment with, or has his employment terminated by, the Company or
a Subsidiary by reason of the “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) of such Optionee; or (iii) terminates employment with the Company or a Subsidiary as a result of such
Optionee’s retirement, provided that the Company or such Subsidiary has consented in writing to such Optionee’s retirement, then, in each such case, such Optionee, or the duly authorized representatives of such Optionee (or Optionee’s
permitted assignee in the case of Options that do not constitute Incentive Stock Options), shall have the right, at any time within three (3) months after the death, disability or retirement of the Optionee, as the case may be, and prior to the
termination of the Option pursuant to subsection (c) of this Section 5, to exercise any Option to the extent such Option was exercisable by the Optionee immediately prior to such Optionee’s death, disability or retirement. In the
discretion of the Committee, the three-month period referenced in the immediately preceding sentence may be extended for a period of up to one year. 

(f) Subject to the foregoing terms and to such additional terms regarding the exercise of an Option as the Committee may
fix at the time of grant, an Option may be exercised in whole at one time or in part from time to time. 
 (g)
Options granted pursuant to the Plan shall be evidenced by an agreement in writing setting forth the material terms and conditions of the grant, including, but not 

 
limited to, the number of Shares subject to options. Option agreements covering Options need not contain similar provisions; provided, however, that all such option agreements shall comply with
the terms of the Plan. 
 (h) The Committee is authorized to modify, amend or waive any conditions or other
restrictions with respect to Options, including conditions regarding the exercise of Options. 
 6. Effect of Changes in Capitalization 

 (a) If the number of outstanding Shares is 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 recapitalization, reclassification, stock split, combination of shares, exchange of shares, stock dividend or other distribution payable in capital stock, or other increase
or decrease in such shares effected, in each case without receipt of consideration by the Company, a proportionate and appropriate adjustment shall be made by the Committee in (i) the aggregate number of Shares subject to the Plan,
(ii) the maximum number of Shares for which Options may be granted to any Employee during any calendar year, and (iii) the number and kind of shares for which Options are outstanding, so that the proportionate interest of the Optionee
immediately following such event shall, to the extent practicable, be the same as immediately prior to such event. Any such adjustment in outstanding Options shall not change the aggregate option price payable with respect to Shares subject to the
unexercised portion of the Options outstanding but shall include a corresponding proportionate adjustment in the option price per Share. 

(b) Subject to Section 6.(c) hereof, if the Company shall be the surviving corporation in any reorganization, merger,
share exchange or consolidation of the Company with one or more other corporations or other entities, any Option theretofore granted shall pertain to and apply to the securities to which a holder of the number of Shares subject to such Option would
have been entitled immediately following such reorganization, merger, share exchange or consolidation, with a corresponding proportionate adjustment of the option price per Share so that the aggregate option price thereafter shall be the same as the
aggregate option price of the Shares remaining subject to the Option immediately prior to such reorganization, merger, share exchange or consolidation. 

(c) In the event of: (i) the adoption of a plan of reorganization, merger, share exchange or consolidation of the
Company with one or more other corporations or other entities as a result of which the holders of the Shares as a group would receive less than fifty percent (50%) of the voting power of the capital stock or other interests of the surviving or
resulting corporation or entity; (ii) the adoption of a plan of liquidation or the approval of the dissolution of the Company; (iii) the approval by the Board of an agreement providing for the sale or transfer (other than as a security for
obligations of the Company or any Subsidiary) of substantially all of the assets of the Company; or (iv) the acquisition of more than twenty percent (20%) of the outstanding Shares by any person within the meaning of Rule 13(d)(3) under
the Securities Exchange Act of 1934, as 

 
amended, if such acquisition is not preceded by a prior expression of approval by the Board, then, in each such case, any Option granted hereunder shall become immediately exercisable in full,
subject to any appropriate adjustments in the number of Shares subject to such Option and the option price, regardless of any provision contained in the Plan or any stock option agreement with respect thereto limiting the exercisability of the
Option for any length of time. Notwithstanding the foregoing, if a successor corporation or other entity as contemplated in clause (i) or (iii) of the preceding sentence agrees to assume the outstanding Options or to substitute
substantially equivalent options, then the outstanding Options issued hereunder shall not be immediately exercisable, but shall remain exercisable in accordance with the terms of the Plan and the applicable stock option agreements. 

(d) Adjustments under this Section 6 relating to Shares or securities of the Company shall be made by the Committee,
whose determination in that respect shall be final and conclusive. Options subject to grant or previously granted under the Plan at the time of any event described in this Section 6 shall be subject to only such adjustments as shall be
necessary to maintain the proportionate interest of the options and preserve, without exceeding, the value of such options. No fractional Shares or units of other securities shall be issued pursuant to any such adjustment, and any fractions
resulting from any such adjustment shall be eliminated in each case by rounding upward to the nearest whole Share or unit. 

(e) The grant of an Option pursuant to the Plan shall not affect or limit in any way the right or power of the Company to
make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any part of its business or assets. 

7. Delivery and Payment for Shares; Replacement Options 

(a) No Shares shall be delivered upon the exercise of an Option until the option price for the Shares acquired has been
paid in full. No Shares shall be issued or transferred under the Plan unless and until all legal requirements applicable to the issuance or transfer of such Shares have been complied with to the satisfaction of the Committee and adequate provision
has been made by the Optionee for satisfying any applicable federal, state or local income or other taxes incurred by reason of the exercise of the Option. Any Shares issued by the Company to an Optionee upon exercise of an Option may be made only
in strict compliance with and in accordance with applicable state and federal securities laws. 
 (b) Payment of
the option price for the Shares purchased pursuant to the exercise of an Option and of any applicable withholding taxes shall be made, as determined by the Committee and set forth in the option agreement pertaining to such Option: (i) in cash
or by check payable to the order of the Company; (ii) through the tender to the Company of Shares, which Shares shall be valued, for purposes of determining the extent to which the option price has been paid thereby, at their Fair Market Value
on the date of exercise; or (iii) by a combination of the methods described in (a) and (b) hereof; provided, however, 

 
that the Committee may in its discretion impose and set forth in the option agreement pertaining to an Option such limitations or prohibitions on the use of Shares to exercise Options as it deems
appropriate. The Committee also may authorize payment in accordance with a cashless exercise program under which, if so instructed by the Optionee, Shares may be issued directly to the Optionee’s broker upon receipt of the option price in cash
from the broker. 
 (c) To the extent that the payment of the exercise price for the Shares purchased pursuant to
the exercise of an Option is made with Shares as provided in Section 7.(b) hereof, then, at the discretion of the Committee, the Optionee may be granted a replacement Option under the Plan to purchase a number of Shares equal to the number of
Shares tendered as permitted in Section 7.(b) hereof, with an exercise price per Share equal to the Fair Market Value on the date of grant of such replacement Option and with a term extending to the expiration date of the original Option.

 8. No Continuation of Employment and Disclaimer of Rights 

No provision in the Plan or in any Option granted or option agreement entered into pursuant to the Plan shall be construed to confer upon
any individual the right to remain a director or in the employ of either the Company or any Subsidiary, or to interfere in any way with the right and authority of the Company or any Subsidiary either to increase or decrease the compensation of any
individual at any time, or to terminate any employment or other relationship between any individual and the Company or any Subsidiary. The Plan shall in no way be interpreted to require the Company to transfer any amounts to a third party trustee or
otherwise hold any amounts in trust or escrow for payment to any Optionee or beneficiary under the terms of the Plan. An Optionee shall have none of the rights of a shareholder of the Company until and to the extent all or some of the Shares covered
by an Option are fully paid and issued to such Optionee. 
 9. Administration 

(a) Subject to the provisions of subsection (b) of this Section 9, the Plan shall be administered by the
Committee which shall interpret the Plan and make all other determinations necessary or advisable for its administration, including such rules and regulations and procedures as it deems appropriate. The Committee shall consist of not fewer than two
members of the Board each of whom shall qualify (at the time of appointment to the Committee and during all periods of service on the Committee) in all respects as a “non-employee director” as defined in Rule 16b-3 and as an “outside
director” as defined in Section 162(m) of the Code and regulations thereunder. Subject to the provisions of subsection (b) of this Section 9, in the event of a disagreement as to the interpretation of the Plan or any amendment
hereto or any rule, regulation or procedure hereunder or as to any right or obligation arising from or related to the Plan, the decision of the Committee shall be final and binding upon all persons in interest, including the Company, the Optionee
and the Company’s shareholders. 

 (b) Notwithstanding any provision of the Plan to the contrary, any
determination or interpretation to be made by the Committee with regard to any question arising under the Plan or any option agreement entered 

into hereunder may be made by the Board (excluding any Optionee whose Options or the grant to whom is at issue) and shall
be final and binding upon all persons in interest, including the Company, the Optionee and the Company’s shareholders. 

(c) No member of the Committee or the Board shall be liable for any action taken or decision made, or any failure to take
any action, in good faith with respect to the Plan or any Option granted or option agreement entered into hereunder. 
 10. No Obligation to
Reserve or Retain Shares 
 The Board adopted a resolution initially reserving authorized but unissued Shares for the Plan.
The Company will be under no further obligation to reserve, or to retain in its treasury, any particular number of Shares in connection with its obligations hereunder. 

11. Amendment of Plan 

The Board, without further action by the shareholders, may amend this Plan from time to time as it deems desirable and shall make any
amendments which may be required so that Options intended to be Incentive Stock Options shall at all times continue to be Incentive Stock Options for purpose of the Code; provided, however, that the Board or Committee may condition any amendment or
modification on the approval of stockholders of the Company if such approval is necessary or deemed advisable with respect to tax, securities or other applicable laws, policies or regulations. 

12. Termination of Plan 

This Plan shall terminate when all Shares reserved for issuance hereunder have been issued upon the exercise of Options, or by action of
the Board pursuant to this paragraph, whichever shall first occur. 
 13. Effective Date 

The Plan shall become effective upon the latest to occur of (1) adoption by the Board and (2) approval of this Plan by the
shareholders of the Company. The Plan initially became effective on July 12, 1999 and was amended and restated on June 25, 2004, June 16, 2005, June 26, 2008, July 16, 2009 and again on July 8, 2010.Specimen Certificate for Class A Ordinary Shares

 Exhibit 4.1 

 

 

 

  
 Exhibit 4.1

 016570| 003590|127C|RESTRICTED||4|057-423 

CLASS A COMMON STOCK 

Euro 0.04 Par Value 

CLASS A COMMON STOCK 

Certificate Number 

ZQ 000000 

THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA AND NEW YORK, NY 

LYONDELLBASELL INDUSTRIES N.V. 

INCORPORATED UNDER THE LAWS OF THE NETHERLANDS 

Shares 

**600620****** 

***600620***** 

****600620**** 

*****600620*** 

******600620** 

THIS CERTIFIES THAT 

MR. SAMPLE & MRS. SAMPLE & 

MR. SAMPLE & MRS. SAMPLE 

CUSIP N53745 10 0 

SEE REVERSE FOR CERTAIN DEFINITIONS 

is the owner of 

* * * SIX HUNDRED THOUSAND SIX HUNDRED AND TWENTY * * * 

FULLY-PAID AND NON-ASSESSABLE SHARES OF THE CLASS A COMMON STOCK OF 

LyondellBasell Industries N.V. (hereinafter called the “Company”), transferable on the books of the Company in
person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Articles of Association, as
amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent
and Registrar. 
 Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized
officers. 
 Attorney-in-Fact 

DATED <<Month Day, Year>> 

COUNTERSIGNED AND REGISTERED: 

COMPUTERSHARE TRUST COMPANY, N.A. 

TRANSFER AGENT AND REGISTRAR, 

Assistant Secretary 

By 

AUTHORIZED SIGNATURE 

 

 

  
 LYONDELLBASELL
INDUSTRIES N.V. 
 THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE
POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS,
PREFERENCES AND 
 LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE ARTICLES OF ASSOCIATION OF THE
COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO
THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE
MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. 
 The following
abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

TEN COM—as tenants in common UNIF GIFT MIN ACT—Custodian 

(Cust) (Minor) 

TEN ENT—as tenants by the entireties under Uniform Gifts to Minors Act 

(State) 

JT TEN—as joint tenants with right of survivorship UNIF TRF MIN ACT—Custodian (until age ) 

(Cust) 

under Uniform Transfers to Minors Act 

(Minor) (State) 

Additional abbreviations may also be used though not in the above list. 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

For value received,             hereby sell, assign and
transfer unto 
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) 

Shares 

of the Class A Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

 Attorney 

to transfer the said stock on the books of the within-named Company with full power of substitution in the premises.

 Dated:
            20            Signature(s) Guaranteed: Medallion Guarantee Stamp 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, 

Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED 

SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15. 

Signature: 

Signature: 

Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in
every particular, without alteration or enlargement, or any change whatever. 
 SECURITY I NSTRUCTIONS

 THIS IS WATERMARKED PAPER DO NOT ACCEPT WITHOUT NOTING 

WATERMARK HOLD TO LIGHT TO VERIFY WATERMARK 

1234567

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