Document:

Exhibit 10.2

Robert Forrester

Name of Employee

COMBINATORX, INCORPORATED

2004 Incentive Plan

Amended and Restated Restricted Stock Award Agreement

CombinatoRx,
Incorporated

245 First Street

Sixteenth Floor

Cambridge, MA 02142

Attn:  Alexis Borisy

Ladies
and Gentlemen:

The undersigned (i) acknowledges that on January 26, 2006, he received
an award (the “Award”) of restricted stock from CombinatoRx, Incorporated (the “Company”)
under the 2004 Incentive Plan (the “Plan”), 
(ii) hereby agrees to amend the terms of such award, subject to the
terms set forth below and in the Plan; (iii) further acknowledges receipt of a
copy of the Plan as in effect on the date hereof; and (iv) agrees with the
Company as follows:

1.               Effective Date.  This
Amended and Restated Restricted Stock Award Agreement shall be effective as of
January 17, 2007; however, the date of grant of the Award remains January 26,
2006.

2.               Shares Subject to Award.  The
Award consists of 25,000 shares (the “Shares”) of common stock of the Company (“Stock”).  The undersigned’s rights to the Shares are
subject to the restrictions described in this Agreement and the Plan (which is
incorporated herein by reference with the same effect as if set forth herein in
full) in addition to such other restrictions, if any, as may be imposed by law.

3.               Meaning of Certain Terms. 
Except as otherwise expressly provided, all terms used herein shall have
the same meaning as in the Plan.  The
term “vest” as used herein with respect to any Share means the lapsing of the
restrictions described herein with respect to such Share.

4.               Nontransferability of Shares.  The
Shares acquired by the undersigned pursuant to this Agreement shall not be
sold, transferred, pledged, assigned or otherwise encumbered or disposed of
except as provided below and in the Plan.

5.               Accelerated Vesting of Unvested
Shares Upon Termination Without Cause or for Good Reason.  If the
undersigned is terminated by the Company without Cause (as defined below) or if
the undersigned terminates his employment for Good Reason, to the extent there
are any unvested Shares, the twenty five (25%) percent of the then unvested
Shares shall vest for each year of employment of the undersigned with the
Company.  For example, if there is a
termination without Cause at the end of the second year of employment, then
fifty (50%) percent of Shares would be unvested and automatically an additional
twenty five (25%) 

percent of the initial amount shall be vested
(50% of the remaining 50%), and thereafter no additional Shares shall vest and
such Shares shall be forfeited.

For the purposes of this Agreement, the term “Cause” shall mean (a) the conviction
of the undersigned of any felony; (b) the willful or gross neglect or
dereliction by the undersigned of his duties and responsibilities under the
terms or requirements of his employment, which neglect or dereliction of duties
and responsibilities continues 30 days after written notice given to the
undersigned by the Company’s Board of Directors; (c) material breach by the undersigned of any terms or requirements of his
employment in any material respect, which breach continues or remains uncured
after thirty (30) days’ notice to the undersigned; or (d) engaging in
material fraudulent conduct toward the Company. A determination that there is
for Cause termination of the undersigned’s employment shall be made by the
Board in good faith, and only after notice to undersigned and providing the
undersigned an opportunity to be heard, and such determination shall require
that the Board find that there has occurred an event of the kind described in
(a), (b), (c) or (d) above.

For the purposes of this Agreement, the term “Good Reason” shall mean, without the
express written consent of the undersigned: (i) any material breach by the
Company of the terms or requirements of the undersigned’s employment, including
a reduction in the compensation, or in the position, duties, responsibilities
or authority of the undersigned; or (ii) a relocation of the place of
employment for the undersigned beyond a 35-mile radius of the Company’s current
office.

6.               Accelerated Vesting of Unvested
Shares Upon a Change of Control.  Upon the consummation of a Change of Control
(as defined below), all unvested Shares will immediately become vested.  For purposes of this Agreement, the term “Change
of Control” shall mean: (a) a sale, merger or consolidation after which
securities possessing more than fifty (50%) percent of the total combined
voting power of the Company’s outstanding securities have been transferred to
or acquired by a person or persons different from the persons who held such
percentage of the total combined voting power immediately prior to such
transaction; or (b) the sale, transfer or other disposition of all or
substantially all of the Company’s assets to one or more persons (other than a
wholly owned subsidiary of the Company or a parent company whose stock
ownership after the transaction is the same as the Company’s ownership before
the transaction); or (c) an acquisition, merger or similar transaction or a
divestiture of a substantial portion of the Company’s business after which the
role of the undersigned is not substantially the same as such role prior to the
transaction.

7.               Forfeiture Risk.  If
the undersigned ceases to be employed by the Company and its subsidiaries
because of death or Disability (as defined below), the then unvested Shares
shall continue to vest for an additional 179 days and be forfeited as of the
180th day
after death or Disability of the undersigned. 
If the undersigned ceases to be employed by the Company for any reason
other than because of death or Disability or as provided in Section 5 above,
then any outstanding and unvested Shares acquired by the undersigned hereunder
shall be automatically and immediately forfeited.  With respect to any Shares that are forfeited
under this Section 7 or Section 5 above, the undersigned hereby (i) appoints
the Company as the attorney-in-fact of the undersigned to take such actions as
may be necessary or appropriate to effectuate a transfer of the record
ownership of any such shares that are unvested and forfeited hereunder, (ii)
agrees to deliver to the Company, as a precondition to the issuance of any
certificate or certificates with respect to unvested Shares hereunder, one or
more stock powers, endorsed in blank, with respect to such Shares, and (iii)
agrees to sign such other 

 2
 

powers and take such other actions as the
Company may reasonably request to accomplish the transfer or forfeiture of any
unvested Shares that are forfeited hereunder.

For purposes of this Agreement, the term “Disability”
shall mean the physical or mental illness or disability of the undersigned such
that, in the good faith and reasonable judgment of a reputable physician
mutually selected by the undersigned and the Board, he shall be materially
unable to perform his duties of employment, with reasonable accommodation, and
such inability may reasonably be expected to be permanent or to continue for a
period of at least one hundred twenty (120) business days during any period of
twelve (12) consecutive months.

8.               Retention of Certificates.  Any
certificates representing unvested Shares shall be held by the Company.  If unvested Shares are held in book entry
form, the undersigned agrees that the Company may give stop transfer instructions
to the depository to ensure compliance with the provisions hereof.

9.               Vesting of Shares.  The
shares acquired hereunder shall vest in accordance with the provisions of this
Section 9 and applicable provisions of the Plan, as follows: 25% percent of the
Shares on January 26, 2007 and an additional 25% on each anniversary thereafter
until January 26, 2010.

Notwithstanding the foregoing, no shares
shall vest on any vesting date specified above unless the undersigned is then,
and since the date of grant has continuously been, employed by the Company or
its subsidiaries.

10.         Legends.  Any certificates representing unvested Shares
shall be held by the Company, and any such certificate shall contain legends
substantially in the following form:

THE TRANSFERABILITY OF THIS CERTIFICATE AND
THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS
(INCLUDING FORFEITURE) OF THE 2004 INCENTIVE PLAN AND A RESTRICTED STOCK AWARD
AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND COMBINATORX,
INCORPORATED.  COPIES OF SUCH PLAN AND
AGREEMENT ARE ON FILE IN THE OFFICES OF COMBINATORX, INCORPORATED.

THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY, THAT SUCH
REGISTRATION IS NOT REQUIRED.

As
soon as practicable following the vesting of any such Shares the Company shall
cause a certificate or certificates covering such vested Shares to be issued
and delivered to the undersigned without the first legend set forth above
referencing the Restricted Stock Award Agreement.  If any Shares are held in book-entry form, the Company may take such
steps as it deems necessary or appropriate to record and manifest the
restrictions applicable to such Shares.

 3
 

 

11.         Dividends, etc..  The undersigned shall be entitled to (i)
receive any and all dividends or other distributions paid with respect to those
Shares of which he is the record owner on the record date for such dividend or
other distribution, and (ii) vote any Shares of which he is the record owner on
the record date for such vote; provided, however,
that any property (other than cash) distributed with respect to a share of
Stock (the “associated share”) acquired hereunder, including without limitation
a distribution of Stock by reason of a stock dividend, stock split or
otherwise, or a distribution of other securities with respect to an associated
share, shall be subject to the restrictions of this Agreement in the same
manner and for so long as the associated share remains subject to such
restrictions, and shall be promptly forfeited if and when the associated share
is so forfeited;  and
further provided, that the Administrator may require that any cash
distribution with respect to the Shares other than a normal cash dividend be
placed in escrow or otherwise made subject to such restrictions as the
Administrator deems appropriate to carry out the intent of the Plan.  References in this Agreement to the Shares
shall refer, mutatis mutandis, to any such
restricted amounts.

12.         Sale of Vested Shares.  The undersigned understands that he will be free to sell any Share once
it has vested, subject to (i) satisfaction of any applicable tax withholding
requirements with respect to the vesting or transfer of such Share;
(ii) the completion of any administrative steps (for example, but without
limitation, the transfer of certificates) that the Company may reasonably
impose; and (iii) applicable requirements of federal and state securities laws.

13.         Certain Tax Matters.  The undersigned expressly acknowledges the
following:

a.               The undersigned has been advised to confer
promptly with a professional tax advisor to consider whether the undersigned
should make a so-called “83(b) election” with respect to the Shares.  Any such election, to be effective, must be
made in accordance with applicable regulations and within thirty (30) days
following the date of this Award.  The
Company has made no recommendation to the undersigned with respect to the
advisability of making such an election.

b.              The award or vesting of the Shares acquired
hereunder, and the payment of dividends with respect to such Shares, may give
rise to “wages” subject to withholding. 
The undersigned expressly acknowledges and agrees that his rights
hereunder are subject to his promptly paying to the Company in cash (or by such
other means as may be acceptable to the Company in its discretion, including,
if the Administrator so determines, by the delivery of previously acquired
Stock or shares of Stock acquired hereunder or by the withholding of amounts
from any payment hereunder) all taxes required to be withheld in connection
with such award, vesting or payment.

 4
 

 

14.         Prior Agreement.  This
Amended and Restated Restricted Stock Award Agreement amends, restates and
supersedes the agreement entered into between the Company and the undersigned
on January 26, 2006.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  /s/ Robert Forrester

  	
   

  
	
   

  	
  (Signature of
  Employee)

  
	
   

  	
   

  
	
  Dated:

  
	
   

  
	
  The foregoing
  Restricted Stock

  
	
  Award Agreement
  is hereby accepted:

  
	
   

  
	
  COMBINATORX,
  INCORPORATED

  
	
   

  
	
   

  
	
  By 

  	
  /s/ Alexis
  Borisy

  	
   

  
					

 

 5Exhibit 10.3

Curtis Keith

Name of Employee

COMBINATORX, INCORPORATED

2004 Incentive Plan

Amended and Restated Restricted Stock Award Agreement

CombinatoRx,
Incorporated

245 First Street

Sixteenth Floor

Cambridge, MA 02142

Attn:  Robert Forrester

Ladies
and Gentlemen:

The undersigned (i) acknowledges that on January 26, 2006, he received
an award (the “Award”) of restricted stock from CombinatoRx, Incorporated (the “Company”)
under the 2004 Incentive Plan (the “Plan”), 
(ii) hereby agrees to amend the terms of such award, subject to the
terms set forth below and in the Plan; (iii) further acknowledges receipt of a
copy of the Plan as in effect on the date hereof; and (iv) agrees with the
Company as follows:

1.               Effective Date.  This
Amended and Restated Restricted Stock Award Agreement shall be effective as of
January 17, 2007; however, the date of grant of the Award remains January 26,
2006.

2.               Shares Subject to Award.  The
Award consists of 25,000 shares (the “Shares”) of common stock of the Company (“Stock”).  The undersigned’s rights to the Shares are
subject to the restrictions described in this Agreement and the Plan (which is
incorporated herein by reference with the same effect as if set forth herein in
full) in addition to such other restrictions, if any, as may be imposed by law.

3.               Meaning of Certain Terms. 
Except as otherwise expressly provided, all terms used herein shall have
the same meaning as in the Plan.  The
term “vest” as used herein with respect to any Share means the lapsing of the
restrictions described herein with respect to such Share.

4.               Nontransferability of Shares.  The
Shares acquired by the undersigned pursuant to this Agreement shall not be
sold, transferred, pledged, assigned or otherwise encumbered or disposed of
except as provided below and in the Plan.

5.               Accelerated Vesting of Unvested
Shares Upon Termination Without Cause.  If the undersigned is terminated by the
Company without Cause (as defined below), to the extent there are any unvested
Shares, the twenty five (25%) percent of the then unvested Shares shall vest
for each year of employment of the undersigned with the Company.  For example, if there is a termination
without Cause at the end of the second year of employment, then fifty (50%)
percent of Shares would be unvested and automatically an additional twenty five

(25%) percent of the initial amount shall be
vested (50% of the remaining 50%), and thereafter no additional Shares shall
vest and such Shares shall be forfeited.

For the purposes of this Agreement, the term “Cause”
shall mean (a) the conviction of the undersigned of any felony; (b) the willful
failure to perform (other than by reason of disability), or gross negligence in
the performance of, his duties and responsibilities under the terms or
requirements of his employment, which failure or negligence continues or
remains uncured after 30 days notice setting forth in reasonable detail the
nature of such failure or negligence; (c) material breach by the undersigned of
any terms or requirements of his employment, which breach continues or remains
uncured after thirty (30) days’ notice to the undersigned setting forth in
reasonable detail the nature of such breach; or (d) engaging in material
fraudulent conduct with respect to the Company. 
A determination as to whether to terminate the undersigned for Cause
shall be made by the Board in good faith, and only after notice to undersigned
and providing the undersigned a reasonable opportunity to be heard, and such
determination shall require that the Board find that there has occurred an
event of the kind described in (a), (b), (c), or (d) above.

6.               Accelerated Vesting of Unvested
Shares Upon a Change of Control.  If a Change of Control (as defined below)
occurs, and within two (2) years following the date of consummation of such
Change of Control the Company terminates the undersigned other than for Cause,
all unvested Shares will immediately become vested.  For purposes of this Agreement, the term “Change
of Control” shall mean: (a) a sale, merger or consolidation after which
securities possessing more than fifty (50%) percent of the total combined
voting power of the Company’s outstanding securities have been transferred to
or acquired by a person or persons different from the persons who held such
percentage of the total combined voting power immediately prior to such
transaction; or (b) the sale, transfer or other disposition of all or
substantially all of the Company’s assets to one or more persons (other than a
wholly owned subsidiary of the Company or a parent company whose stock
ownership after the transaction is the same as the Company’s ownership before
the transaction); or (c) an acquisition, merger or similar transaction or a
divestiture of a substantial portion of the Company’s business after which the
role of the undersigned is not substantially the same as such role prior to the
transaction.

7.               Forfeiture Risk.  If the undersigned ceases to be employed by
the Company and its subsidiaries because of death or disability or for any
reason other than as specified in Section 5 or 6 above, any then outstanding
and unvested Shares acquired by the undersigned hereunder shall be
automatically and immediately forfeited. 
With respect to any Shares that are forfeited under this Section
7 or Section 5 above, the undersigned hereby (i) appoints the Company as the
attorney-in-fact of the undersigned to take such actions as may be necessary or
appropriate to effectuate a transfer of the record ownership of any such shares
that are unvested and forfeited hereunder, (ii) agrees to deliver to the
Company, as a precondition to the issuance of any certificate or certificates
with respect to unvested Shares hereunder, one or more stock powers, endorsed
in blank, with respect to such Shares, and (iii) agrees to sign such other powers
and take such other actions as the Company may reasonably request to accomplish
the transfer or forfeiture of any unvested Shares that are forfeited hereunder.

8.               Retention of Certificates.  Any
certificates representing unvested Shares shall be held by the Company.  If unvested Shares are held in book entry
form, the undersigned agrees that the Company may give stop transfer
instructions to the depository to ensure compliance with the provisions hereof.

 2
 

 

9.               Vesting of Shares.  The
shares acquired hereunder shall vest in accordance with the provisions of this
Section 9 and applicable provisions of the Plan, as follows: 25% percent of the
Shares on January 26, 2007 and an additional 25% on each anniversary thereafter
until January 26, 2010.

Notwithstanding the foregoing, no shares
shall vest on any vesting date specified above unless the undersigned is then,
and since the date of grant has continuously been, employed by the Company or
its subsidiaries.

10.         Legends.  Any certificates representing unvested Shares
shall be held by the Company, and any such certificate shall contain legends
substantially in the following form:

THE TRANSFERABILITY OF THIS CERTIFICATE AND
THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS
(INCLUDING FORFEITURE) OF THE 2004 INCENTIVE PLAN AND A RESTRICTED STOCK AWARD
AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND COMBINATORX,
INCORPORATED.  COPIES OF SUCH PLAN AND
AGREEMENT ARE ON FILE IN THE OFFICES OF COMBINATORX, INCORPORATED.

THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY, THAT SUCH
REGISTRATION IS NOT REQUIRED.

As
soon as practicable following the vesting of any such Shares the Company shall
cause a certificate or certificates covering such vested Shares to be issued
and delivered to the undersigned without the first legend set forth above
referencing the Restricted Stock Award Agreement.  If any Shares are held in book-entry form, the Company may take such
steps as it deems necessary or appropriate to record and manifest the
restrictions applicable to such Shares.

11.         Dividends, etc..  The undersigned shall be entitled to (i)
receive any and all dividends or other distributions paid with respect to those
Shares of which he is the record owner on the record date for such dividend or
other distribution, and (ii) vote any Shares of which he is the record owner on
the record date for such vote; provided, however,
that any property (other than cash) distributed with respect to a share of
Stock (the “associated share”) acquired hereunder, including without limitation
a distribution of Stock by reason of a stock dividend, stock split or
otherwise, or a distribution of other securities with respect to an associated
share, shall be subject to the restrictions of this Agreement in the same
manner and for so long as the associated share remains subject to such
restrictions, and shall be promptly forfeited if and when the associated share
is so forfeited;  and
further provided, that the Administrator may require that any cash
distribution with respect to the Shares other than a normal cash dividend be
placed in escrow or otherwise made subject to such restrictions as the
Administrator deems appropriate to carry out the intent of the Plan.  References in this Agreement to the Shares
shall  refer, mutatis
mutandis, to any such restricted amounts.

12.         Sale of Vested Shares.  The undersigned understands that he will be free to sell any Share once
it has vested, subject to (i) satisfaction of any applicable tax withholding
requirements 

 3
 

with respect to the vesting or transfer of
such Share; (ii) the completion of any administrative steps (for example,
but without limitation, the transfer of certificates) that the Company may
reasonably impose; and (iii) applicable requirements of federal and state
securities laws.

13.         Certain Tax Matters.  The undersigned expressly acknowledges the
following:

a.               The undersigned has been advised to confer
promptly with a professional tax advisor to consider whether the undersigned
should make a so-called “83(b) election” with respect to the Shares.  Any such election, to be effective, must be
made in accordance with applicable regulations and within thirty (30) days
following the date of this Award.  The
Company has made no recommendation to the undersigned with respect to the
advisability of making such an election.

b.              The award or vesting of the Shares acquired
hereunder, and the payment of dividends with respect to such Shares, may give
rise to “wages” subject to withholding. 
The undersigned expressly acknowledges and agrees that his rights
hereunder are subject to his promptly paying to the Company in cash (or by such
other means as may be acceptable to the Company in its discretion, including,
if the Administrator so determines, by the delivery of previously acquired
Stock or shares of Stock acquired hereunder or by the withholding of amounts
from any payment hereunder) all taxes required to be withheld in connection
with such award, vesting or payment.

14.         Prior Agreement.  This Amended and Restated Restricted Stock
Award Agreement amends, restates and supersedes the agreement entered into
between the Company and the undersigned on January 26, 2006.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  /s/ Curtis Keith

  	
   

  
	
   

  	
  (Signature of
  Employee)

  
	
   

  	
   

  
	
  Dated:

  
	
   

  
	
  The foregoing
  Restricted Stock

  
	
  Award Agreement
  is hereby accepted:

  
	
   

  
	
  COMBINATORX,
  INCORPORATED

  
	
   

  
	
   

  
	
  By 

  	
  /s/ Alexis
  Borisy

  	
   

  
					

 

 4

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