Document:

EX-10.2

Exhibit 10.2

Nastech Pharmaceutical Company Inc.

2004 Stock Incentive Plan

Restricted Stock Grant Agreement

This Restricted Stock Grant Agreement (the “Agreement”) is entered into this      th
day of      , 200_, by and between Nastech Pharmaceutical Company Inc. (the “Company”), a
Delaware Corporation, and      (“Grantee”).

GRANT OF RESTRICTED STOCK

Grant of Restricted Stock.  Pursuant to, and subject to, the terms and conditions set forth
herein and in the Nastech Pharmaceutical Company Inc. 2004 Stock Incentive Plan (the “Plan”), the
Company hereby grants to the Grantee      restricted shares (the “Restricted Stock”) of common
stock of the Company (“Common Stock”).  

Grant Date.  The Grant Date of the Restricted Stock is      , 200_.

Incorporation of Plan.  All terms, conditions and restrictions of the Plan are incorporated
herein and made part hereof as if stated herein.  If there is any conflict between the terms and
conditions of the Plan and this Agreement, the terms and conditions of the Plan, as interpreted by
the Compensation Committee of the Board of Directors of the Company (the “Committee”), shall
govern.  Except as otherwise provided herein, all capitalized terms used herein shall have the
meaning given to such terms in the Plan. Notwithstanding any provision of this Agreement to the
contrary, if there is any conflict between the provisions of this Agreement and the employment
agreement entered into by the Grantee and the Company (the “Employment Agreement”, the provision of
the Employment Agreement shall control.

VESTING

Vesting. Subject to the further provision of this Agreement, the Restricted Stock shall
vest with respect to a number of whole shares as close as possible to the following percentage of
the total number of shares of Restricted Stock granted hereunder on the following dates (each, a
“Vesting Date”):

	 	 	 
	Percentage of Total Shares	 	Vesting Date
	33.3 %

	 	1st anniversary of Grant Date
	 

	 	 
	33.3 %

	 	2nd anniversary of Grant Date
	 

	 	 
	33.3 %

	 	3rd anniversary of Grant Date
	 

	 	 

TERMINATION OF EMPLOYMENT

Termination of Employment. In the event that the Grantee’s employment (which for purposes of
this Agreement shall include service as a director or consultant) with the Company or one of the
Company’s subsidiaries terminates for any reason, all unvested shares of Restricted Stock, together
with any property in respect of such shares held by the custodian pursuant to Section 4.3 hereof,
shall be forfeited as of the date of such termination of employment and the Grantee promptly shall
return to the Company any certificates evidencing such shares. For purposes of this Agreement, the
Grantee shall be deemed to have terminated employment or incurred a termination of employment upon
(i) the date the Grantee ceases to be employed by, or to provide consulting services for, the
Company or any Company subsidiary; or (ii) the date the Grantee ceases to be a Board member,
provided, however, that if the Grantee (x) at the time of reference is both an employee or
consultant and a Board member, or (y) ceases to be engaged as an employee, consultant or Board
member and immediately is engaged in another of such relationships with the Company or any Company
subsidiary, the Grantee shall not be deemed to have a “termination of employment” until the last of
the dates determined pursuant to subparagraphs (i) and (ii) above. The Committee, in its
discretion, may determine whether any leave of absence constitutes a termination of employment for
purposes of this Agreement.

RESTRICTIONS

Restrictions on Transferability. Until a share of Restricted Stock vests, such share may not
be sold, assigned, transferred, alienated, commuted, anticipated, or otherwise disposed of (except
by will or the laws of descent and distribution), or pledged or hypothecated as collateral for a
loan or as security for the performance of any obligation, or be otherwise encumbered, and are not
subject to attachment, garnishment, execution or other legal or equitable process, and any attempt
to do so shall be null and void. If the Grantee attempts to dispose of or encumber the Grantee’s
unvested shares of Restricted Stock, such shares of Restricted Stock, together with any property in
respect of such shares held by the custodian pursuant to Section 4.3 hereof, shall be forfeited as
of the date of such attempted transfer and the Grantee promptly shall return to the Company any
certificates evidencing such shares.

Issuance of Certificates.

(a) Reasonably promptly after the Grant Date, the Company shall issue and deliver to the
Grantee stock certificates, registered in the name of the Grantee, evidencing the shares of
Restricted Stock. Each such certificate may bear the following legend:

“THE SALE, TRANSFER, ASSIGNMENT, PLEDGE, HYPOTHECATION ENCUMBRANCE OR OTHER DISPOSAL OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF THE NASTECH PHARMACEUTICAL
COMPANY INC. 2004 STOCK INCENTIVE PLAN AND A RESTRICTED STOCK GRANT AGREEMENT BETWEEN NASTECH
PHARMACEUTICAL COMPANY INC. AND THE HOLDER OF RECORD OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE. NO TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IN CONTRAVENTION OF
SUCH PLAN AND RESTRICTED STOCK GRANT AGREEMENT SHALL BE VALID OR EFFECTIVE. COPIES OF SUCH
AGREEMENT MAY BE OBTAINED BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THE CERTIFICATE TO THE
SECRETARY OF NASTECH PHARMACEUTICAL COMPANY INC.”

Such legend shall not be removed from such certificates until such shares of Restricted Stock
vest.

(b) Reasonably promptly after any such shares of Restricted Stock vest pursuant to Section 2.1
hereof, in exchange for the surrender to the Company of the certificates evidencing such shares of
Restricted Stock delivered to the Grantee under Section 4.2(a) hereof, the Company shall issue and
deliver to the Grantee (or the Grantee’s legal representative, beneficiary or heir) certificates
evidencing such shares of Restricted Stock, free of the legend provided in Section 4.2(a) hereof,
together with any property in respect of such shares held by the custodian pursuant to Section 4.3
hereof.

(c) The Company may require as a condition of the delivery of stock certificates pursuant to
Section 4.2(b) hereof that the Grantee remit to the Company an amount sufficient in the opinion of
the Company to satisfy any federal, state and other governmental tax withholding requirements
related to the vesting of the shares represented by such certificate.

(d) The Grantee shall not be deemed for any purpose to be, or have rights as, a shareholder of
the Company by virtue of the grant of Restricted Stock, except to the extent a stock certificate is
issued therefore pursuant to Section 4.2(a) hereof, and then only from the date such certificate is
issued. Upon the issuance of a stock certificate, the Grantee shall have the rights of a
shareholder with respect to the Restricted Stock, including the right to vote the shares, subject
to the restrictions on transferability, the forfeiture provisions and the requirement that
dividends be held in escrow until the shares vest, as set forth in this Agreement.

Dividends, etc. Unless the Committee otherwise determines, any property, including cash
dividends, received by a Grantee with respect to a share of Restricted Stock as a result of any
dividend, recapitalization, merger, consolidation, combination, exchange of shares or otherwise and
for which the Grant Date occurs prior to such event but which has not vested as of the date of such
event, will not vest until such share of Restricted Stock vests, and shall be promptly deposited
with the Company or a custodian designated by the Company. The Company shall or shall cause such
custodian to issue to the Grantee a receipt evidencing the property held by it in respect of the
Restricted Stock.

MISCELLANEOUS

Delays or Omissions.  No delay or omission to exercise any right, power or remedy accruing to
any party hereto upon any breach or default of any party under this Agreement, shall impair any
such right, power or remedy of such party, nor shall it be construed to be a waiver of any such
breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter
occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other
breach or default theretofore or thereafter occurring.  Any waiver, permit, consent or approval of
any kind or character on the part of any party of any breach or default under this Agreement, or
any waiver on the part of any party or any provisions or conditions of this Agreement, must be in a
writing signed by such party and shall be effective only to the extent specifically set forth in
such writing.

Right of Discharge Preserved. Nothing in this Agreement shall confer upon the Grantee the
right to continue in the employ or other service of the Company or one of the Company’s
subsidiaries, or affect any right which the Company may have to terminate such employment or
service.

Integration.  This Agreement contains the entire understanding of the parties with respect to
its subject matter.  There are no restrictions, agreements, promises, representations, warranties,
covenants or undertakings with respect to the subject matter hereof other than those expressly set
forth herein.  This Agreement, including, without limitation, the Plan, supersedes all prior
agreements and understandings between the parties with respect to its subject matter.

Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which shall constitute one and the same instrument.

Governing Law.  This Agreement shall be governed by and construed and enforced in accordance
with the laws of the State of Delaware, without regard to the provisions governing conflict of
laws.

Grantee Acknowledgment.  The Grantee hereby acknowledges receipt of a copy of the Plan.  The
Grantee hereby acknowledges that all decisions, determinations and interpretations of the Committee
in respect of the Plan, this Agreement and the Restricted Stock shall be final and conclusive.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly
authorized officer, and the Grantee has hereunto signed this Agreement on his own behalf, thereby
representing that he has carefully read and understands this Agreement and the Plan as of the day
and year first written above.

NASTECH PHARMACEUTICAL COMPANY INC.

	 	 	 	 	 
	By:
	 	 	—	 
	Name:
	 	 	 	 
	Title:EX-10.1

For More Information

Investor Contact:

Jack A. Pacheco

Senior Vice President & Chief Financial Officer

SMART Modular Technologies

510-624-8134

Suzanne Craig

The Blueshirt Group for SMART Modular Technologies

415-217-4962

suzanne@blueshirtgroup.com

SMART Modular Technologies to Acquire Adtron Corporation

Industry-Leading SSD Technology Targeted for Enterprise Storage Applications

FREMONT, CA – February 13, 2008 – SMART Modular Technologies (WWH), Inc. (“SMART” or the “Company”)
(Nasdaq: SMOD), a leading independent manufacturer of memory modules, embedded computing
subsystems, and TFT-LCD display products, today announced that it signed a definitive agreement to
acquire privately-held Adtron Corporation, based in Phoenix, AZ, a leading designer and global
supplier of high performance and high capacity solid state flash disk drives.

Under the terms of the agreement, which has been approved by the boards of directors of both
companies, this all cash transaction is valued at approximately $20 million with up to an
additional $15 million should certain calendar year 2008 financial and operational performance
goals be achieved. The acquisition is expected to close on or about February 15, 2008.

“SMART has long discussed our goal to expand our non-DRAM business, and this transaction is a next
logical step in building for future growth,” said Iain MacKenzie, President and Chief Executive
Officer of SMART.  “The addition of Adtron’s technical expertise, product family, and customer base
to SMART will complement SMART’s existing SSD business and provide a path to a more robust set of
solutions to address the fast-growing SSD market.  Taking into account Adtron’s products and
technologies, our aggregate SSD TAM expands to $3 billion. Adtron will now have the ability to
leverage SMART’s size, scale and customer base to grow more aggressively.  Together, we will meet a
wider set of customer needs and have a significantly greater opportunity to grow into new markets
such as the Enterprise Storage SSD market.”

Forward-Looking Statements

Statements contained in this press release, including the quotations attributed to Mr. MacKenzie,

that are not statements of historical fact, that describe the company’s or its management’s future
plans, objectives, or goals, are “forward-looking statements” and are made pursuant to the
safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. The consummation
of the acquisition is subject to certain closing conditions. In the event that any of these
closing conditions is not satisfied, it is possible that the acquisition may not be consummated.
In addition, these forward-looking statements include the company’s financial performance,
technical capabilities, business strategies and product plans.

Such forward-looking statements involve known and unknown risks, uncertainties and other

factors that could cause the actual results of the company to be materially different from the

historical results and/or from any future results or outcomes expressed or implied by such

forward-looking statements. Factors that would cause or contribute to such differences include,

but are not limited to, production or manufacturing difficulties, competitive factors, new

products and technological changes, fluctuations in product prices and raw material costs,

dependence upon third-party vendors, customer demand, changes in industry standards or release

plans, and other risks detailed in the company’s periodic report filings with the Securities and

Exchange Commission. Such risk factors as outlined in these reports may not constitute all

factors that could cause actual results to differ materially from those discussed in any forward
looking statement. The company operates in a continually changing business environment and

new factors emerge from time to time. The company cannot predict such factors, nor can it

assess the impact, if any, from such factors on the company or its results. Accordingly,
forward-looking statements should not be relied upon as a prediction of actual results. The company
is

not obligated to revise or update any forward-looking statements in order to reflect events or

circumstances that may arise after the date of this press release.

About SMART

SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to
original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products
to OEMs engaged in the computer, industrial, networking, gaming, telecommunications, and embedded
application markets. Taking innovations from the design stage through manufacturing and delivery,
SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash memory
in various form factors. Its Embedded Products Division develops embedded computing subsystems,
backed by design and manufacturing, for markets supporting test equipment, 3G infrastructure, and
network processing applications. SMART’s Display Products Group designs, manufactures, and sells
thin film transistors (TFT) liquid crystal display (LCD) solutions to customers developing casino
gaming systems as well as embedded applications such as kiosk, ATM, point-of-service, and
industrial control systems. SMART’s presence in the U.S., Europe, Asia, and Latin America enables
it to provide customers with proven expertise in international logistics, asset management, and
supply-chain management worldwide. See www.smartm.com for more information.

About Adtron

Founded in 1985, Adtron is the leading designer and global supplier of high performance and high
capacity solid state flash disk drives. Adtron Flashpak® SSDs integrate seamlessly into
defence/aerospace, industrial automation, medical, transportation, telecom and enterprise
applications. Utilizing Adtron’s advanced ArrayProTM performance engine, Adtron solid
state flash disk drives deliver superior sustained read and write rates and comply with stringent
environmental requirements. The Adtron Quality Management System is ISO 9001:2000 certified.
Adtron is headquartered in Phoenix, Arizona with channels in all global markets. Learn more about
Adtron at www.adtron.com.

Flashpak and EraSure are registered trademarks of Adtron Corporation. ArrayPro is a trademark
of Adtron Corporation.

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