Document:

exv10w2

Exhibit 10.2

	 	 	 
	
Stock Option Award Certificate

(INCENTIVE STOCK OPTION)

	 	

ID: XXXXXXXX

88 Sidney Street

Cambridge, MA 02139

 

	 	 	 	 	 
	«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»

«ADDRESS_LINE1»

«ADDRESS_LINE2»

«ADDRESS_LINE3»

«CITY», «STATE» «ZIP_CODE»

	 	Option Number:

Plan:

ID:
	 	«NUM»

«PLAN_NAME»

«ID»

 

Effective «GRANT_DATE», you have been granted an Incentive Stock Option to buy «SHARES_GRANTED»
shares of Alkermes, Inc. (the “Company”) common stock at «OPTION_PRICE» per share.

The total option price of the shares granted is «TOTAL_OPTION_PRICE».

The right to acquire the shares subject to the Incentive Stock Option will become fully vested on
the dates shown below. The Incentive Stock Option shall expire on the earlier to occur of: the
10th anniversary of the date of grant or three months after termination of your service
relationship with the Company (unless otherwise provided below).

	 	 	 
	Shares	 	Vesting Date
	«SHARES_PERIOD1»
	 	 
	«SHARES_PERIOD2»
	 	 
	«SHARES_PERIOD3»
	 	 
	«SHARES_PERIOD4»
	 	 

In the event of the termination of your employment with the Company by reason of retirement, the
vesting and exercisability of the Incentive Stock Option shall be accelerated, and the period
during which the Incentive Stock Option (to the extent it is exercisable on the date of retirement)
may be exercised shall be extended, as follows:

	 	 	 	 	 
	Age at retirement and full years
of cumulative service as an
employee of the Company at
retirement (but not including
any service in a non-employment
relationship with the Company)
	 	Acceleration of vesting date	 	Exercise period
following date of
termination of
employment by
reason of
retirement (but not
beyond the original
term of the  Incentive Stock Option)
	60 or over and at least 6 years

	 	1 year
	 	1 year
	62.5 or over and at least 8 years

	 	2 years
	 	2 years
	65 or over and at least 10 years

	 	4 years
	 	3 years

[The following paragraph for all employees of the Company other than the Chairman of the
Board.]Notwithstanding the above, in the event of the termination of your employment with the
Company by reason of retirement, if your age plus full years of cumulative service as an employee
of the Company (but not including any service in a non-employment relationship with the Company) is
greater than or equal to 55 at retirement and you have at least twelve (12) full years of
cumulative employment with the Company, then the Incentive Stock Option shall vest and be
exercisable in full on retirement and the period during which the Incentive Stock Option (to the
extent that it is exercisable on the date of retirement) may be exercised shall be five (5) years
following the date of termination of employment by reason of retirement, but not beyond the
original term of the Incentive Stock Option.

In the event of the termination of your employment with the Company (but not the termination of a
non-employment relationship with the Company) by reason of death or permanent disability, the
Incentive Stock Option shall vest and be exercisable in full on such termination of employment and
the period during which the Incentive Stock Option (to the extent that it is exercisable on the
date of termination of employment) may be exercised shall be three (3) years following the date of
termination of employment by reason of death or permanent disability, but not beyond the original
term of the Incentive Stock Option.

The foregoing Incentive Stock Option has been granted under and is governed by the terms and
conditions of this Certificate and the Alkermes 2008 Stock Option and Incentive Plan.

	 	 	 	 	 
	 

Alkermes, Inc.

	 	 

Dateexv10w3

Exhibit 10.3

	 	 	 
	
Stock Option Award Certificate

(NON-QUALIFIED OPTION)

	 	

ID: XXXXXXXX

88 Sidney Street

Cambridge, MA 02139

 

	 	 	 	 	 
	«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»

«ADDRESS_LINE1»

«ADDRESS_LINE2»

«ADDRESS_LINE3»

«CITY», «STATE» «ZIP_CODE»

	 	Option Number:

Plan:

ID:
	 	«NUM»

«PLAN_NAME»

«ID»

 

Effective «GRANT_DATE», you have been granted a non-qualified Option to buy «SHARES_GRANTED» shares
of Alkermes, Inc. (the “Company”) common stock at «OPTION_PRICE» per share.

The total option price of the shares granted is «TOTAL_OPTION_PRICE».

The right to acquire the shares subject to the Option will become fully vested on the dates shown
below. The Option shall expire on the earlier to occur of: the 10th anniversary of the
date of grant or three months after termination of your service relationship with the Company
(unless otherwise provided below). .

	 	 	 
	Shares	 	Vest Date
	«SHARES_PERIOD1»
	 	 
	«SHARES_PERIOD2»
	 	 
	«SHARES_PERIOD3»
	 	 
	«SHARES_PERIOD4»
	 	 

In the event of the termination of your employment with the Company by reason of retirement, the
vesting and exercisability of the Option shall be accelerated, and the period during which the
Option (to the extent it is exercisable on the date of retirement) may be exercised shall be
extended, as follows:

	 	 	 	 	 
	Age at retirement and full years
of cumulative service as an
employee of the Company at
retirement (but not including
any service in a non-employment
relationship with the Company)
	 	Acceleration of vesting date	 	Exercise period
following date of
termination of
employment by
reason of
retirement (but not
beyond the original
term of the Option)
	60 or over and at least 6 years

	 	1 year
	 	1 year
	62.5 or over and at least 8 years

	 	2 years
	 	2 years
	65 or over and at least 10 years

	 	4 years
	 	3 years

[The following paragraph for all employees of the Company other than the Chairman of the Board.]
Notwithstanding the above, in the event of the termination of your employment with the Company by
reason of retirement, if your age plus full years of cumulative service as an employee of the
Company (but not including any service in a non-employment relationship with the Company) is
greater than or equal to 55 at retirement and you have at least twelve (12) full years of
cumulative employment with the Company, then the Option shall vest and be exercisable in full on
retirement and the period during which the Option (to the extent that it is exercisable on the date
of retirement) may be exercised shall be five (5) years following the date of termination of
employment by reason of retirement, but not beyond the original term of the Option.

In the event of the termination of your employment with the Company (but not the termination of a
non-employment relationship with the Company) by reason of death or permanent disability, the
Option shall vest and be exercisable in full on such termination of employment and the period
during which the Option (to the extent that it is exercisable on the date of termination of
employment) may be exercised shall be three (3) years following the date of termination of
employment by reason of death or permanent disability, but not beyond the original term of the
Option.

The foregoing Option has been granted under and is governed by the terms and conditions of this
Certificate and the Alkermes 2008 Stock Option and Incentive Plan.

	 	 	 	 	 
	 

Alkermes, Inc.

	 	 

Dateexv10w4

Exhibit 10.4

	 	 	 
	
Stock Option Award Certificate

(NON-EMPLOYEE DIRECTOR)

	 	

ID: XXXXXXXX

88 Sidney Street

Cambridge, MA 02139

 

	 	 	 	 	 
	«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»

«ADDRESS_LINE1»

«ADDRESS_LINE2»

«ADDRESS_LINE3»

«CITY», «STATE» «ZIP_CODE»

	 	Option Number:

Plan:

ID:
	 	«NUM»

«PLAN_NAME»

«ID»

 

Effective «GRANT_DATE», you have been granted a non-qualified Option to buy «SHARES_GRANTED» shares
of Alkermes, Inc. (the “Company”) common stock at «OPTION_PRICE» per share.

The total option price of the shares granted is «TOTAL_OPTION_PRICE».

The right to acquire the shares subject to the Option will become fully vested on the date shown
below. The Option shall expire on the 10th anniversary of the date of grant (unless
otherwise provided below).

	 	 	 
	Shares	 	Vest Date
	«SHARES»
	 	 

In the event of the termination of your service relationship with the Company, the Option shall
vest and be exercisable in full on such termination of service relationship and the period during
which the Option (to the extent that it is exercisable on the date of termination of the service
relationship) may be exercised shall be three (3) years following the date of termination of the
service relationship, but not beyond the original term of the Option.

The foregoing Option has been granted under and is governed by the terms and conditions of this
Certificate and the Alkermes 2008 Stock Option and Incentive Plan.

	 	 	 	 	 
	 

Alkermes, Inc.

	 	 

Dateexv10w5

Exhibit 10.5

AMENDMENT TO EMPLOYMENT AGREEMENT

     This Amendment (“Amendment”) is made as of October 7, 2008 to the Employment Agreement
(“Agreement”) dated as of the 12th day of December 2007 between Alkermes, Inc., a Pennsylvania
corporation (the “Company”), and Richard F. Pops (“Executive”).

     WHEREAS, the Company and Executive have entered into the Agreement and now wish to amend
certain terms of the Agreement pursuant to this Amendment (capitalized terms used but not defined
herein shall have the meaning set forth in the Agreement);

     NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows:

     1. The second sentence of Section 5(b)(i) of the Agreement shall be deleted in its entirety
and replaced with a new sentence which shall read as follows: “The Severance Amount shall be paid
out in substantially equal bi-weekly installments over twenty-four (24) months, in arrears
beginning on the first payroll date that occurs after thirty-five (35) days from the Date of
Termination.”

     2. The phrase “on the Date of Termination” shall be inserted into Section 6(b)(i) of the
Agreement as follows: “If within twenty-four (24) months after a Change in Control occurs, the
Executive’s employment is terminated by the Company without Cause as provided in Subparagraph 4(d)
or the Executive terminates his employment for Good Reason as provided in Subparagraph 4(e), then,
the Company shall pay Executive a lump sum in cash on the Date of Termination equal to the sum
of...”

     3. Except as specifically amended herein, all provisions of the Agreement shall remain in full
force and effect in accordance with their terms.

     IN WITNESS WHEREOF, the parties have executed this Amendment effective on the date and year
first above written.

	 	 	 	 	 
	 	ALKERMES, INC.

 	 
	 	By:  	Richard
F. Pops 	 
	 	 	Title: 	 	 
	 	 	 	 
	 	/s/
Richard F. Pops 	 
	 	Richard F. Pops

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}]]