Document:

Form of Stock Appreciation Rights Agreement

 Exhibit 10.2 

FORM OF STOCK APPRECIATION RIGHT AWARD AGREEMENT 

This Stock Appreciation Right Award Agreement (this “Agreement”), dated as of
            , 20    , is made between Intervest Bancshares Corporation (the “Company”) and the individual named below (the “Participant”) to record
the granting of Stock Appreciation Rights (“SARs”) to the Participant pursuant to the Company’s 2013 Equity Incentive Plan (the “Plan”) by the Compensation Committee of the Company’s Board of Directors. 

The Company and the Participant hereby agree as follows: 

1. Terms of Award. The following terms used in this Agreement shall have the meanings set forth in this Section 1: 

 

	 	(a)	The “Participant” is                             . 

 

	 	(b)	The “Grant Date” is             , 20    . 

  

	 	(c)	The number of Shares subject to this SAR Award:                     . 

 

	 	(d)	The “Expiration Date” is             , 20     . 

 

	 	(e)	The “Exercise Price” is $         per share. 

 Capitalized
terms used in this Agreement but not defined herein shall have the meanings given to such terms in the Plan. 
 2. Grant of SAR
Award. The Company hereby grants to the Participant, as of the Grant Date, SARs on the number of shares of the Company’s common stock (the “Shares”) specified above. This SAR Award is a “Free Standing Award” within the
meaning of Section 7.1(a) of the Plan. This SAR Award represents the right, upon exercise, to receive a cash payment only of an amount determined by multiplying (a) the difference between the fair market value of a Share on the date of
exercise (the “Fair Market Value”) over the Exercise Price, by (b) the number of Shares with respect to which the SAR Award is exercised (the product of (a) and (b) is referred to herein as the “SAR Payment
Amount”). In no event shall this SAR Award entitle the Participant to receive any Shares. For purposes of computing the SAR Payment Amount, the Fair Market Value shall mean the closing price for one share as reported by the principal stock
exchange on which the Shares are traded on the date the SAR Exercise Election, as that term is defined below, is received by the Company; provided, however, that if a SAR Exercise Election is received after the close of trading for a particular day
but prior to the opening of trading for the following trading day, then the closing price for one Share as of the most recent close of trading on such exchange will be deemed to be the Fair Market Value, even if such close occurred on a previous
day. 
 3. Vesting. Subject to the Participant’s continued service with the Corporation or its Subsidiaries unless otherwise
provided in Section 4(b) and Section 6 below, the SARs shall become vested and may be exercised as follows: (a) with respect to one-third (1/3) of the Shares, on the first anniversary of the Grant Date, or
            , 20    ; (b) with respect to an additional one-third (1/3) of the Covered Shares, on the second anniversary of the Grant Date, or
            , 20    ; and (c) with respect to the remaining one-third (1/3) of the Covered Shares, on the third anniversary of the Grant Date, or
            , 20    . [Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the SARs at any time and for any
reason.] [Notwithstanding the foregoing vesting date, if, prior to the third anniversary of the Grant Date, there is a Change of Control of the Company (as that term is defined in the Plan) or the Participant’s employment terminates because of
death or disability, all Shares not yet vested shall become immediately vested.] 

 4. Exercise. 

(a) The SAR Award shall be exercisable by written notice (in the form attached hereto) which shall state the election to exercise the SARs and
the number of Shares as to which the SARs are to be exercised (a “SAR Exercise Election”). Such written notice shall be signed by the Participant and shall be delivered in person, by certified mail or by such other means as approved in
writing by the Company and which results in written confirmation of actual receipt by the Secretary of the Company. Such SARs shall be deemed to be exercised upon receipt by the Company of such written notice. In no event may this SAR Award be
exercised for less than the lesser of (i) 500 shares and (ii) the number of unexercised Shares remaining under the SAR Award. This SAR Award shall be exercisable only when the Fair Market Value per share of common stock subject to the SAR
Award exceeds the Exercise Price. 
 (b) The Committee may suspend the right to exercise the SARs during any period for which the Committee
determines, in its sole discretion, that such suspension would be advisable or necessary in order to comply with the requirements of (i) any applicable federal securities law or rule or regulation thereunder, (ii) any rule of a national
securities exchange, national securities association, or other self-regulatory organization, (iii) any other federal or state law or regulation, or (iv) any written policy of the Company in effect on the date of the proposed exercise (each
a “SAR Exercise Suspension”). Notwithstanding the foregoing, no SAR Exercise Suspension shall extend the term of this SAR Award beyond the Expiration Date (as defined below) or in a manner that would otherwise result in the SARs becoming
nonqualified deferred compensation subject to Section 409A of the Code. 
 5. Settlement of SAR. Settlement of the SAR Payment
Amount shall be made by delivering a cash payment to the Participant equal to the SAR Payment Amount. Such payment shall be made within thirty (30) days following a SAR Exercise Election, and shall be subject to any applicable tax withholding
obligations. The Company may direct that any of its Subsidiaries (a “Designated Subsidiary”) deliver the SAR Payment Amount, subject to any applicable tax withholding obligations, to the Participant and, in such case, such payment shall be
treated as having been made directly by such Designated Subsidiary to the Participant. If this SAR Award remains outstanding on the Expiration Date, the entire remaining vested but unexercised portion of this SAR Award shall be deemed to have been
exercised as of the Expiration Date and such automatic exercise shall be treated as a SAR Exercise Election. 
 6. Termination of
Services; Forfeiture. Notwithstanding any other provision of this Agreement, upon a termination of Participant’s services with the Company and its Subsidiaries, (i) regardless of the reason for such termination, each unvested SAR shall
be immediately canceled and terminated, (ii) unless such termination of Participant’s service was for “cause” (as determined by the Committee in its sole discretion), each vested SAR shall be exercisable for a period of ninety
(90) days following such termination and, if not exercised prior to the end of such ninety (90) day period shall be deemed to have been exercised as of the last day of such ninety (90) day period and such automatic exercise shall be
treated as a SAR Exercise Election, and (iii) if the termination of the Participant’s services with the Company and its Subsidiaries was for “cause” (as determined by the Committee in its sole discretion), each vested SAR shall
be immediately canceled and terminated. For clarity, this SAR Award shall expire and shall no longer be exercisable when all of the SARs hereunder have been either exercised or canceled and terminated. 

7. Rights as a Stockholder. Participant shall have no rights as a stockholder with respect to any Shares subject to this SAR Award.

  
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 8. Adjustments. In the event of any stock dividend, reclassification, subdivision or
combination or similar transaction affecting this SAR Award, the rights of the Participant will be adjusted as provided in Section 11 of the Plan. 

9. Non-Transferability. Without the express written consent of the Committee, which may be withheld for any reason in its sole
discretion, the SARs may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the Participant’s lifetime only by the Participant. The terms of the Plan and this Agreement
shall be binding upon the Participant’s executors, administrators, heirs, successors and assigns. Any attempt to transfer the SARs in any manner, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and
without legal force or effect. 
 10. Tax Withholding The Participant hereby agrees that the Company or any applicable Designated
Subsidiary may take any reasonable actions necessary to comply with income and employment tax withholding obligations as may be required of the Company or any applicable Designated Subsidiary under applicable law on account of this SAR Award.
Pursuant to Section 5 above, any such withholding required as a result of delivery of a SAR Payment Amount shall be taken from such SAR Payment Amount to the extent possible. Any withholding required of the Company as a result of delivery of
this SAR Award or for any other reason that cannot be taken immediately from a SAR Payment Amount may be withheld from payroll or other amounts payable to Participant. 

11. No Employment Rights. Neither the Plan nor this SAR Award shall confer upon the Participant any right with respect to continuing
employment by the Company or any subsidiary of the Company nor shall they interfere in any way with the right of the Company or any subsidiary of the Company to terminate the Participant’s employment at any time, with or without Cause. 

12. The Plan; Amendment This SAR Award is subject in all respects to the terms, conditions, limitations and definitions contained in
the Plan. In the event of any discrepancy or inconsistency between this Agreement and the Plan, the terms and conditions of the Plan shall govern and control. The Committee shall have the right, in its sole discretion, to modify or amend this
Agreement from time to time in accordance with and as provided in the Plan. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. This
Agreement may also be modified or amended by a writing signed by both the Company and the Participant, without the consent of any other person. 

13. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and
its successors and assigns. The Participant shall not assign (except in accordance with Section 10 hereof) any part of this Agreement without the prior express written consent of the Company. 

14. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only
and shall not be deemed to be a part of this Agreement. 
 15. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 

  
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 16. Severability. The invalidity or unenforceability of any provision of this Agreement in
any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being
intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 
 17.
Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award of SARs made under this Agreement is completely independent of any other award or grant and is
made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the SARs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits
granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation. 

18. Applicable Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York
without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. 

19. Notices. All notices to the Company shall be in writing and sent to the Company’s Secretary at the Company’s offices.
Notices to the Participant shall be addressed to the Participant at the Participant’s address as it appears in the Company’s records. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, the Company and the Participant have caused this Stock Appreciation Right
Award Agreement to be executed on the date set forth opposite their respective signatures, it being understood that the Grant Date is set forth on the first page of this Agreement and may differ from the date of signature. 

 

							
	Dated:             , 20    	 		 	INTERVEST BANCSHARES CORPORATION
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	Participant:
			
	Dated:             , 20    	 		 	  

		 		 	Name:	 	

  
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 EXHIBIT A 

STOCK APPRECIATION RIGHT (“SAR”) EXERCISE NOTICE 

Intervest Bancshares Corporation 
 One Rockefeller Plaza, Suite
400 
 New York, New York 10020-2002 
 Attention: Secretary 

 

	 	1.	Exercise of SAR. Effective as of             , 20    , the undersigned (“Participant”) hereby elects to exercise a stock
appreciation right with respect to                  shares of the Common Stock (the “Shares”) of Intervest Bancshares Corporation (the “Company”)
pursuant to the stock appreciation right award agreement (the “Agreement”) by and between Participant and the Company, dated             , 20     and pursuant
to the 2013 Equity Incentive Plan (the “Plan”). 

  

	 	2.	Representations of Participant. Participant acknowledges that Participant has received, read and understood the Plan and the Agreement and agrees to abide by and be bound by their terms and conditions.

  

	 	3.	Tax Consultation. Participant understands that Participant may suffer tax consequences as a result of Participant’s exercise of rights under the Agreement and this Exercise Notice. Participant represents
that Participant has consulted with his or her own independent tax advisor in connection with exercising rights under the SAR Award and that Participant is not relying on the Company for any tax advice. 

 

	 	4.	Entire Agreement. The Plan and the Agreement are incorporated herein by reference and constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the
Company and Participant with respect to the subject matter hereof. 

 By this exercise, Participant agrees to
provide such additional documents as the Company may require pursuant to the Plan and to provide for the payment by the Participant to the Company, in the manner designated by the Company, of Participant’s withholding obligations, if any,
relating to this exercise which is not satisfied from the SAR Payment Amount. 
  

					
		 	Very truly yours,
		
		 	  

		 	(Signature)
		
		 	  

		 	(Name – Printed)
			
		 	Address:	 	  

		 		 	  

  
 6EX-4.1

 Exhibit 4.1 
  

			
	 Number
	  	 Shares

	 SPECIMEN
	  	SPECIMEN

 ALDEXA THERAPEUTICS, INC. 

Common Stock 
 $0.001 Par Value Per
Share 
 SEE REVERSE SIDE FOR RESTRICTIONS ON TRANSFER 

This certifies that SPECIMEN is the owner of SPECIMEN (XXXXX) shares, fully paid and nonassessable, of the Common Stock of ALDEXA
THERAPEUTICS, INC., a Delaware corporation, transferable only on the books of the Corporation by the holder hereof in person or by attorney upon surrender of this certificate properly endorsed. 

This certificate and the shares represented hereby are subject to the laws of the State of Delaware and to the Certificate of Incorporation
and the By-laws of the Corporation, in each case as from time to time amended. 
 IN WITNESS WHEREOF, ALDEXA THERAPEUTICS, INC., has
caused this certificate to be signed by its duly authorized officers as of this         day of             , 20    . 

 

					
	   
	 		 	   

	 President
	 		 	Secretary or Treasurer

 [seal] 

 Restrictions on Transfer 

The corporation has more than one class of stock authorized to be issued. The corporation will furnish without charge to each stockholder
upon written request a copy of the full text of the preferences, voting powers, qualifications and special and relative rights of the shares of each class of stock (and any series thereof) authorized to be issued by the corporation as set forth in
the Certificate of Incorporation of the corporation and amendments thereto filed with the Secretary of the state of Delaware. 

Assignment 
 For value
received, the undersigned hereby sells, assigns and transfers to                     shares of the capital stock represented by this certificate, and
hereby irrevocably constitutes and appoints                     attorney to transfer such stock on the books of the Corporation with full power of
substitution in the premises. 
 Dated
                    , 
  

					
		 		 	  

		 		 	Signature of registered owner corresponding exactly to the name of such owner as written on the face of this certificate.
		 		 	
	  
	 		 	
	 Witness

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