Document:

EXHIBIT 10.10

    

    Emergent BioSolutions Inc.

    Form of Director Nonstatutory Stock Option Agreement

        

    

    

    

    1. Grant of Option.

    This agreement evidences the grant by Emergent BioSolutions Inc., a Delaware corporation (the "Company"), on _______ (the "Grant Date") to _______, a non-employee director of the Company (the "Participant"), of an option to purchase, in whole or in part, on the terms provided herein and in the Company's Stock Incentive Plan (the "Plan"), a total of ______ shares (the "Shares") of common stock, $0.001 par value per share, of the Company ("Common Stock") at $_____ per Share.
         Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on _______ (the "Final Exercise Date").

    

    

    It is intended that the option evidenced by this agreement shall not be an
        incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the "Code").  Except as otherwise indicated by the context, the term "Participant", as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under its terms.

    2. Vesting Schedule.

    This option will become exercisable ("vest") one-third per year over three years on the day immediately prior to the applicable anniversary of the date of grant (or if earlier, on the date which is one business day prior to
        date of the Company's next annual meeting), in each case provided that the individual is serving on the Board, or is an employee of or consultant to the Company, on such date; provided that no additional vesting shall take place after the
        Participant ceases to provide services to the Company; and, further provided, that the Board may provide for accelerated vesting in the case of death or disability.

    

    

    The right of exercise shall be cumulative so that to the extent the option is not
        exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option
        under Section 3 hereof or the Plan.

    3. Exercise of Option.

    (a)  Form of Exercise.  Each election to exercise this option shall be in writing in the
        form attached hereto as Exhibit A or in another form as prescribed by the Company, signed by the Participant, and received by the Company at its principal
        office, accompanied by this agreement, and payment in full in the manner provided as follows:

    The form of consideration acceptable for exercise of any option (but not for the payment of any
        applicable withholding or other taxes or any other financial obligation of the option holder) shall be:

    

    

    	
            1.

          	
            Cash or by check payable to the order of the Corporation; or

          
	
            2.

          	
            by delivery (i) of an irrevocable and unconditional undertaking by a creditworthy broker to deliver promptly to the
                Company sufficient funds to pay the exercise price and any required tax withholding or (ii) by the Participant to the Company of a copy of irrevocable and unconditional instructions to a creditworthy broker to deliver promptly to the
                Company cash or a check sufficient to pay the exercise price and any required tax withholding;

          
	
            3.

          	
            by delivery (either by actual delivery or attestation) of shares of Common Stock owned by the option holder valued
                at fair market value on the date on which the shares of Common Stock are delivered to the Corporation (which fair market value shall be the closing price of the Common Stock on the New York Stock Exchange (or such other principal exchange
                on which the Common Stock is then listed for trading) on the date immediately preceding the delivery to the Corporation of the Common Stock) provided: (i) such payment is then permitted by applicable law; (ii) such Common Stock was owned by
                the option holder for a period of not less than six months prior to delivery to the Corporation; and (iii) such Common Stock is not subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements on the date of
                delivery; or

          
	
            4.

          	
            Any combination of the foregoing

          

    

    

    The Participant may purchase less than the number of shares covered hereby,
        provided that no partial exercise of this option may be for any fractional share.

    (b) Continuous Relationship with the Company Required.  Except as otherwise provided in
        this Section 3, this option may not be exercised unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an employee, officer or director of, or consultant or advisor to, the Company
        or any other entity the employees, officers, directors, consultants, or advisors of which are eligible to receive option grants under the Plan (an "Eligible Participant").

    (c)  Termination of Relationship with the Company.  If the Participant ceases to be an
        Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate 90
        days after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation.  Notwithstanding the foregoing, if the Participant, prior to the Final
        Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall
        terminate immediately upon such violation. 

    (d) Exercise Period Upon Death or Disability.  If the Participant dies or becomes disabled
        (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for "cause" as specified in paragraph (e) below, this option shall
        be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the
        date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

    (e) Termination for Cause.  If, prior to the Final Exercise Date, the Participant's
        employment or other relationship with the Company is terminated by the Company for Cause, the right to exercise this option shall terminate immediately upon the effective date of such termination of employment or other relationship.

    4. Withholding.

    No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays
        to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option.

    

    

    5. Nontransferability of Option.

    This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant,
        either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, shall be exercisable only by the Participant; provided, however, that the gratuitous transfer of this
        Option by the Participant to or for the benefit of any immediate family member, domestic partner, family trust or other entity established for the benefit of the Participant and/or an immediate family member thereof if, with respect to such
        proposed transferee, the Company would be eligible to use a Registration Statement on Form S-8 for the registration of the sale of the Common Stock subject to such Option under the Securities Act of 1933, as amended; provided, further, that the
        Company shall not be required to recognize any such transfer until such time as the Participant and such authorized transferee shall, as a condition to such transfer, deliver to the Company a written instrument in form and substance satisfactory to
        the Company confirming that such transferee shall be bound by all of the terms and conditions of the Option; and, provided, further, that no option intended to be an incentive stock option shall be transferable unless the Board of Directors shall
        otherwise permit.

    

    

    6. Provisions of the Plan.

      This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option.

    

    

    
      
        

    

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Agreement Date.

    

    

    

    

    

    

    	
            EMERGENT BIOSOLUTIONS INC.

             

            __________________________

            Name:

            Title:

          	
            PARTICIPANT

             

            __________________________

            Name:EXHIBIT 10.11

  

  
     

    EMERGENT BIOSOLUTIONS INC.

    Form of Director Restricted Stock Unit Agreement

    

    

    

    

    This Restricted Stock Unit Agreement is made as of the Agreement Date between Emergent BioSolutions Inc. (the “Company”), a Delaware corporation, and the Participant.

    

    

    I.            Agreement Date

    	
            Date:

          	
             

          

    

    

    II.            Participant Information

    	
            Participant:

          	
             

          

    

    

    III.            Grant Information

    	
            Grant Date:

          	
             

          
	
            Number of RSUs:

          	
             

          

    

    

    IV.            Vesting

    These restricted stock units (“RSUs”) shall vest one-third per year over three
        years on the day immediately prior to the applicable anniversary of the date of grant (or if earlier, on the date which is one business day prior to date of the Company’s next annual meeting), in each case provided that the individual is serving on
        the Board, or is an employee of or consultant to, the Company on such date, provided that no additional vesting shall take place after the Participant ceases to provide services to the Company and further provided that the Board may provide for
        accelerated vesting in the case of death or disability.

    This Agreement includes this cover page and the following Exhibit, which is expressly incorporated by reference in its
        entirety herein:

    

    

    Exhibit A – General Terms and Conditions

    

    

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Agreement Date.

    

    

    	
            EMERGENT BIOSOLUTIONS INC.

             

            __________________________

            Name:

            Title:

          	
            PARTICIPANT

             

            __________________________

            Name:

          

    

     

    

    

    EMERGENT BIOSOLUTIONS INC.

    Form of Director
            Restricted Stock Unit Award Agreement

    Exhibit A – General Terms and Conditions

    For valuable consideration, receipt of which is acknowledged, the parties hereto
        agree as follows:

    1.            Grant of RSUs.  In consideration of services rendered to the Company by the Participant, the Company has granted to the Participant, subject to the terms and
        conditions set forth in this Agreement and in the Company’s Stock Incentive Plan (the “Plan”), an award of Restricted Stock Units (the “RSUs”), representing the number of RSUs set forth on the cover page of this Agreement.  The RSUs entitle the Participant to receive, upon and subject to the
        vesting of the RSUs (as described in Section 2 below), one share of common stock, $0.001 par value per share, of the Company (the “Common Stock”) for each
        RSU that vests.  The shares of Common Stock that are issuable upon vesting of the RSUs are referred to in this Agreement as the “Shares”.

     

    2.            Vesting of RSUs and Issuance of Shares.

     

    (a)            General.  Subject to the other provisions of this Section 2, the RSUs shall vest in
          accordance with the vesting table set forth on the cover page of this Agreement (the “Vesting Table”).  Any fractional RSU resulting from the application of the percentages in the Vesting Table shall be rounded to the nearest whole number of RSUs.  Subject to Section 4, as soon as administratively practicable after
          each vesting date shown in the Vesting Table (the “Vesting Dates”), the
          Company will issue to the Participant, in certificated or uncertificated form, such number of Shares as is equal to the number of RSUs that vested on such Vesting Date.  In no event shall the Shares be issued to the Participant later than 75 days
          after the Vesting Date.

     

    (b)            Service Termination.  Except as set forth in Section 2(c) below, upon the termination of the Participant’s service with the Company on the Board of Directors of
        the Company, or as an employee of or consultant to the Company, for any reason, all unvested RSUs shall be automatically forfeited as of such service termination.  For purposes of this Agreement, service with the Company shall include service with
        a parent or subsidiary of the Company, or any successor to the Company.

     

    (c)            Change in Control Event.  Upon a Change in Control Event (as defined in the Plan), the RSUs shall be treated in the manner provided in Section 9(b)(iii)(B) of
        the Plan.

     

    3.            Dividends.  At the time of the issuance of Shares to the Participant pursuant to Section 2, the Company shall also pay to the Participant an amount of cash equal
        to the aggregate amount of all dividends paid by the Company, between the Grant Date and the issuance of such Shares, with respect to the number of Shares so issued to the Participant.

     

    4.            Withholding Taxes.   The Participant must satisfy all applicable federal, state, and local and other income and employment tax withholding obligations associated
        with the grant, vesting and settlement of the RSUs before the Company will issue any Shares hereunder following a Vesting Date.  The withholding obligation may be satisfied by any method permitted under the Plan.

     

    5.            Restrictions on Transfer.  Neither the RSUs, nor any interest therein (including the right to receive dividend payments in accordance with Section 3), may be
        transferred by the Participant except to the extent specifically permitted in Section 10(a) of the Plan.

    

    

    6.            Provisions of the Plan.  This Agreement is subject to the provisions of the Plan. The Participant acknowledges receipt of the Plan, along with the Prospectus
        relating to the Plan.

     

    7.            Section 409A.  This Agreement is intended to comply with or be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance issued
        thereunder (“Section 409A”) and shall be interpreted and construed consistently therewith.  In no event shall either the Participant or the Company have the right to accelerate or defer delivery of the Shares to a date or event other than as set
        forth in this Agreement except to the extent specifically permitted or required by Section 409A.  In the event that the Participant is a “specified employee” within the meaning of Section 409A and the Shares are to be delivered pursuant to this
        Agreement in connection with the termination of the Participant’s employment, the delivery of the Shares and any dividends payable under Section 3 in connection with such delivery shall be delayed until the date that is six months and one day
        following the date of the Participant's termination of employment if required to avoid the imposition of additional taxes under Section 409A.  Solely for purposes of determining when the Shares (and any dividends payable under Section 3) may be
        delivered in connection with the Participant’s termination of employment, such termination of employment must constitute a “separation from service” within the meaning of Section 409A.

     

    8.            Miscellaneous.

     

    (a)            No Rights to Service.  The Participant acknowledges and agrees that the grant of the RSUs and their vesting pursuant to Section 2 do not constitute an express or
        implied promise of continued service with the Company for the vesting period, or for any period.

    

    

    (b)            Entire Agreement.  This Agreement and the Plan constitute the entire agreement between the parties, and supersede all prior agreements and understandings,
        relating to the subject matter of this Agreement; provided that any separate employment, consulting or severance plan or agreement between the Company and the Participant that includes terms relating to the acceleration of vesting of equity awards
        shall not be superseded by this Agreement.

    

    

    (c)            Governing Law.  This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any
        applicable conflict of law principles.

    

    

    (d)            Interpretation.  The interpretation and construction of any terms or conditions of the Plan or this Agreement by the Compensation Committee shall be final and
        conclusive.

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