Document:

EX-10.2

			
	

	  	Exhibit 10.2

 SURMODICS, INC. 

2019 EQUITY INCENTIVE PLAN 

Restricted Stock Award Agreement 

SurModics, Inc. (the “Company”), pursuant to its 2019 Equity Incentive Plan (the “Plan”), hereby grants to you, the
Participant named below, an award of shares of the Company’s common stock whose vesting is subject to satisfaction of service-based conditions (the “Restricted Shares”). The terms and conditions of this Award are set forth in this
Restricted Stock Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term used but not
defined in this Agreement will be defined as provided in the Plan, as it currently exists or as it is amended in the future. 
  

			
	Full Name of Participant:	  	
		
	Number of Restricted Shares Granted:	  	Grant Date:
		
	Vesting Schedule:	  	
		
	Vesting Dates	  	Number of Restricted Shares that Vest

 By signing below or otherwise evidencing your acceptance of this Agreement in a manner approved by the
Company, you agree to all of the terms and conditions contained in this Agreement and in the Plan document. You acknowledge that you have received and reviewed these documents and that they set forth the entire agreement between you and the Company
regarding this Award of Restricted Shares. 
  

					
	PARTICIPANT:	  	SURMODICS, INC.
			
	                                      
                                         
         	  	By:	 	                                      
                                         
         
		  	Title:	 	                                      
                                         
         

 SurModics, Inc. 

2019 Equity Incentive Plan 

Restricted Stock Award Agreement 

Terms and Conditions 
  

	1.	 Grant of Restricted Shares. The Company hereby grants to you, as of the Grant Date specified on
the cover page of this Agreement and subject to the terms and conditions in this Agreement and the Plan, an Award of the number of Restricted Shares specified on the cover page of this Agreement. Unless and until these Restricted Shares vest as
provided in Section 4 below, they are subject to the restrictions specified in Section 3 of this Agreement. 

  

	2.	 Delivery of Restricted Shares. As soon as practicable after the Grant Date, the Company will
cause its transfer agent to either maintain a book entry account in your name reflecting the issuance of the Restricted Shares, or issue one or more stock certificates in your name evidencing the Restricted Shares. Any such stock certificate will be
deposited with the Company or its designee, and bear an appropriate legend referring to the restricted nature of the Restricted Shares evidenced thereby. Any book-entry that reflects the issuance of such Restricted Shares will be subject to stop
transfer instructions as provided in Sections 9(b) and 9(c). Your right to receive this Restricted Stock Award is conditioned upon your execution and delivery to the Company of any instruments of assignment that may be necessary to permit transfer
to the Company of all or a portion of the Restricted Shares if such Restricted Shares are forfeited in whole or in part. 

  

	3.	 Applicable Restrictions. 

(a)    Beginning on the Grant Date, you shall have all rights and privileges of a shareholder of the Company with respect
to the Restricted Shares except as follows: 
  

	 	(i)	 Dividends and other distributions declared and paid with respect to the Restricted Shares before they vest
shall be subject to Section 3(c). 

  

	 	(ii)	 None of the Restricted Shares may be sold, transferred, assigned, pledged or otherwise encumbered, subjected to
a levy or attachment or disposed of before they vest other than a transfer upon your death in accordance with your will or the laws of descent and distribution, pursuant to a domestic relations order, or by gift to any “family member” (as
defined in General Instruction A.1(a)(5) to Form S-8 under the Securities Act of 1933) of the Participant. 

  

	 	(iii)	 All or a portion of the Restricted Shares may be forfeited under the circumstances specified in Section 6.

 (b)    Any attempt to transfer or dispose of any Restricted Shares in a manner contrary to the
transfer restrictions shall be void and of no effect. 
 (c)    Any dividends or distributions, including regular cash
dividends, payable or distributable with respect to or in exchange for outstanding but unvested Restricted Shares, including any 

  

			
	Restricted Stock Award Master Agreement (2019 Equity Incentive Plan)	 	Page 2

	 	
shares of Company common stock or other property or securities distributable as the result of any equity restructuring or other change in corporate capitalization described in Section 12(a)
of the Plan, shall be delivered to, retained and held by the Company subject to the same restrictions, vesting conditions and other terms of this Agreement to which the underlying unvested Restricted Shares are subject. At the time the underlying
Restricted Shares vest, the Company shall deliver to you (without interest) the portion of such retained dividends and distributions that relate to the Restricted Shares that have vested. You agree to execute and deliver to the Company any
instruments of assignment that may be necessary to permit transfer to the Company of all or any portion of any dividends or distributions subject to this Section 3(c) that may be forfeited. 

 

	4.	 Vesting of Restricted Shares. 

(a)    Scheduled Vesting. If you remain a Service Provider to the Company (or any Affiliate) continuously from the
Grant Date specified on the cover page of this Agreement, then the Restricted Shares will vest in the number(s) and on the date(s) specified in the Vesting Schedule on the cover page of this Agreement. 

(b)    Accelerated Vesting. Notwithstanding Section 4(a), if your Service terminates by reason of your death or
Disability, then you will be entitled to have vest on the date your Service terminates a pro rata portion of your unvested Restricted Shares. The pro rata portion shall be determined by multiplying the number of unvested Restricted Shares by a
fraction whose numerator is the number of days during the term of this Restricted Stock Award during which you were a Service Provider and whose denominator is the number of days in the term of this Restricted Stock Award. 

 

	5.	 Release of Unrestricted Shares. Upon the vesting of Restricted Shares and the corresponding lapse
of the transfer restrictions, and after the Company has determined that all conditions to the release of unrestricted Shares to you, including compliance with all applicable legal requirements, have been satisfied, it shall release to you the
unrestricted Shares, as evidenced by issuance to you of a stock certificate without restrictive legend, by electronic delivery of such Shares to a brokerage account designated by you, or by an unrestricted book-entry registration of such Shares with
the Company’s transfer agent. 

  

	6.	 Forfeiture of Restricted Shares. Subject to Section 4(b), if your Service to the
Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any
Restricted Shares that are forfeited shall be returned to the Company for cancellation. 

  

	7.	 83(b) Election. You may make and file with the Internal Revenue Service an election under
Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly
provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable
withholding taxes. 

  

	8.	 Withholding Taxes. You hereby authorize the Company (or any Affiliate) to withhold from
payroll or other amounts payable to you any sums required to satisfy any federal, state, local or foreign 

  

			
	Restricted Stock Award Master Agreement (2019 Equity Incentive Plan)	 	Page 3

	 	
withholding taxes that may be due as a result of the receipt or vesting of Restricted Shares, and the Company may defer the release to you of any and all unrestricted Shares until you have made
arrangements acceptable to the Company for payment of all such withholding taxes in accordance with the provisions of Section 14 of the Plan. If you wish to satisfy some or all of such withholding tax obligations by delivering Shares you
already own or by having the Company retain a portion of the unrestricted Shares that would otherwise be released to you, you must notify the Company prior to vesting of the Restricted Shares. 

 

	9.	 Restrictive Legends and Stop-Transfer Orders. 

 

	 	(a)	 Legends. Any certificate or certificates representing the Restricted Shares will bear the following
legend (as well as any legends required by applicable state and federal corporate and securities laws) noting the existence of the restrictions set forth in this Agreement: 

“THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A RESTRICTED STOCK AWARD AGREEMENT
BETWEEN THE COMPANY AND THE PARTICIPANT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.” 
  

	 	(b)	 Stop-Transfer Notices. You agree that, in order to ensure compliance with the restrictions referred to
herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records.

  

	 	(c)	 Refusal to Transfer. The Company will not be required (i) to transfer on its books any Shares
subject to this Agreement that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other
transferee to whom the such Shares will have been so transferred. 

  

	10.	 Governing Plan Document. This Agreement and the Award are subject to all the provisions of the
Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of
the Plan will govern. 

  

	11.	 No Right to Continued Service. This Agreement does not give you a right to continued Service with
the Company or any Affiliate, and the Company or any such Affiliate may terminate your Service at any time and otherwise deal with you without regard to the effect it may have upon you under this Agreement. 

 

	12.	 Choice of Law. This Agreement will be interpreted and enforced under the laws of the state of
Minnesota (without regard to its conflicts or choice of law principles). 

  

	13.	 Binding Effect. This Agreement will be binding in all respects on your heirs, representatives,
successors and assigns, and any successor or assignee of the Company. 

  

	14.	 Section 409A of the Code. Notwithstanding anything in this
Agreement to the contrary, any payments hereunder that would be subject to an additional or accelerated tax under Section 409A of the Code will be deferred until the earliest date that such payments may be made without the imposition of such
tax. 

  

			
	Restricted Stock Award Master Agreement (2019 Equity Incentive Plan)	 	Page 4

	15.	 Electronic Delivery and Acceptance. The Company may deliver any documents related to this
Restricted Stock Award by electronic means and request your acceptance of this Agreement by electronic means. You hereby consent to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice activated) system established and maintained by the Company or the Company’s third-party stock plan administrator. 

By signing the cover page of this Agreement or otherwise accepting this Agreement in a manner approved by the Company, you agree to all the terms and
conditions described above and in the Plan document. 

  

			
	Restricted Stock Award Master Agreement (2019 Equity Incentive Plan)	 	Page 5EX-10.3

			
	

	  	Exhibit 10.3

 SURMODICS, INC. 

2019 EQUITY INCENTIVE PLAN 

Restricted Stock Unit Award Agreement 

(Employee) 
 SurModics, Inc. (the
“Company”), pursuant to its 2019 Equity Incentive Plan (the “Plan”), hereby grants an award of Restricted Stock Units to you, the Participant named below. The terms and conditions of this Award are set forth in this Restricted
Stock Unit Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is used but not
defined in this Agreement shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future. 
  

			
	Name of Participant:
[                                         
                   ]
		
	Number of Restricted Stock Units: [                    ]	  	Grant Date:                 , 20        
	
	 Vesting Schedule:

		
	Scheduled Vesting Dates	  	Number of Restricted Stock Units that Vest

 By signing below or otherwise evidencing your acceptance of this Agreement in a manner approved by the
Company, you agree to all of the terms and conditions contained in this Agreement and in the Plan document. You acknowledge that you have received and reviewed these documents and that they set forth the entire agreement between you and the Company
regarding this Award of Restricted Stock Units. 
  

					
	PARTICIPANT:	  	SURMODICS, INC.
			
	                                      
                                         
         	  	By:	 	                                      
                                         
         
		  	Title:	 	                                      
                                         
         

  

 SurModics, Inc. 

2019 Equity Incentive Plan 

Restricted Stock Unit Award Agreement 

Terms and Conditions 
  

	1.	 Grant of Restricted Stock Units. The Company hereby confirms the grant to you, as of the
Grant Date and subject to the terms and conditions in this Agreement and the Plan, of the number of Restricted Stock Units specified on the cover page of this Agreement (the “Units”). Each Unit represents the right to receive one Share of
the Company’s common stock. Prior to their settlement or forfeiture in accordance with the terms of this Agreement, the Units granted to you will be credited to an account in your name maintained by the Company. This account shall be unfunded
and maintained for book-keeping purposes only, with the Units simply representing an unfunded and unsecured contingent obligation of the Company. 

  

	2.	 Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be
sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will or by the laws of descent and distribution. Following any such transfer, this Award shall continue
to be subject to the same terms and conditions that were applicable to this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive
Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. 

 

	3.	 No Shareholder Rights. The Units subject to this Award do not entitle you to any rights of a
holder of the Company’s common stock. You will not have any of the rights of a shareholder of the Company in connection with the grant of Units subject to this Agreement unless and until Shares are issued to you upon settlement of the Units as
provided in Section 6. 

  

	4.	 Vesting of Units. For purposes of this Agreement, “Vesting Date” means any date,
including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4. If you remain a Service Provider continuously from the
Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule. 

 

	5.	 Effect of Termination of Service. If, for any reason, you cease to be a Service Provider prior to
the full vesting of this Award, you will forfeit all unvested Units. 

  

	6.	 Settlement of Units. After any Units vest pursuant to Section 4, the Company shall, as soon
as practicable (but no later than the 15th day of the third calendar month following the Vesting Date), cause to be issued and delivered to you (or to your personal representative or your
designated beneficiary or estate in the event of your death, as applicable) one Share in payment and settlement of each vested Unit. Delivery of the Shares shall be effected by the issuance of a stock certificate to you, by an appropriate entry in
the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to the tax withholding provisions of
Section 7 and compliance with all applicable legal requirements as provided in Section 16(c) of the Plan, and shall be in complete satisfaction and settlement of such vested 

  

			
	Restricted Stock Unit Award Agreement (2019 Equity Incentive Plan)	 	Page 2

	 	
Units. The Company will pay any original issue or transfer taxes with respect to the issue and transfer of Shares to you pursuant to this Agreement, and all fees and expenses incurred by it in
connection therewith. 

  

	7.	 Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested
Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to
withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect to
satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a fair market value equal to the amount of such withholding tax obligations by
notifying the Company of such election prior to the Vesting Date. 

  

	8.	 Governing Plan Document. This Agreement and the Award are subject to all the provisions of the
Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated by the Committee pursuant to the Plan. If there is any conflict between the provisions of this Agreement and the Plan, the provisions of
the Plan will govern. 

  

	9.	 No Right to Continued Service. This Agreement does not give you a right to continued Service with
the Company or any Affiliate, and the Company or any such Affiliate may terminate your Service at any time and otherwise deal with you without regard to the effect it may have upon you under this Agreement. 

 

	10.	 Choice of Law. This Agreement will be interpreted and enforced under the laws of the state of
Minnesota (without regard to its conflicts or choice of law principles). 

  

	11.	 Binding Effect. This Agreement will be binding in all respects on your heirs, representatives,
successors and assigns, and on the successors and assigns of the Company. 

  

	12.	 Section 409A of the Code. The award of Units as provided in this
Agreement and any issuance of Shares or payment pursuant to this Agreement are intended to be exempt from Section 409A of the Code under the short-term deferral exception specified in Treas. Reg. §
1.409A-l(b)(4). 

  

	13.	 Electronic Delivery and Acceptance. The Company may deliver any documents related to this
Restricted Stock Unit Award by electronic means and request your acceptance of this Agreement by electronic means. You hereby consent to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice activated) system established and maintained by the Company or the Company’s third-party stock plan administrator. 

By signing the cover page of this Agreement or otherwise accepting this Agreement in a manner approved by the Company, you agree to all the terms and
conditions described above and in the Plan document. 

  

			
	Restricted Stock Unit Award Agreement (2019 Equity Incentive Plan)	 	Page 3

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