Document:

Exhibit 10.36

 

CORGENTECH INC.

2003
EQUITY INCENTIVE PLAN

 

RESTRICTED STOCK AWARD GRANT NOTICE

 

CORGENTECH INC. (the “Company”), pursuant
to its 2003 Equity Incentive Plan (the “Plan”), hereby awards to Participant
the number of shares of the Company’s Common Stock set forth below (“Award”).  This Award is subject to all of the terms and
conditions as set forth herein and in the Restricted Stock Award Agreement, the
Plan, the form of Assignment Separate from Certificate and the form of Joint
Escrow Instructions, all of which are attached hereto and incorporated herein
in their entirety.

 

	
  Participant:

  	
   

  	
   

  
	
  Date of Grant:

  	
   

  	
   

  
	
  Vesting
  Commencement Date:

  	
   

  	
   

  
	
  Number of Shares
  Subject to Award:

  	
   

  	
   

  
	
  Consideration:

  	
   

  	
  In
  consideration for services/$0.00

  

 

	
  Vesting
  Schedule:

  	
   

  	
  50% of the
  shares shall vest on February 17, 2007 and

  
	
   

  	
   

  	
  50% of the
  shares shall vest on February 21, 2008.

  

 

Additional
Terms/Acknowledgements: 
The undersigned Participant acknowledges receipt of, and understands and
agrees to, this Restricted Stock Award Grant Notice, the Restricted Stock Award
Agreement and the Plan.  Participant
further acknowledges that as of the Date of Grant, this Restricted Stock Award
Grant Notice, the Restricted Stock Award Agreement and the Plan set forth the
entire understanding between Participant and the Company regarding the
acquisition of stock in the Company and supersede all prior oral and written
agreements on that subject with the exception of (i) Awards previously granted
and delivered to Participant under the Plan, and (ii) the following
agreements only:

 

	
  OTHER AGREEMENTS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  CORGENTECH INC.

  	
   

  	
  PARTICIPANT:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Signature

  	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  
										

 

	
  ATTACHMENTS:

  	
   

  	
  Restricted Stock
  Award Agreement, form of Assignment Separate from Certificate and form of
  Joint Escrow Instructions.

  

 

 

ATTACHMENT I

 

RESTRICTED STOCK AWARD AGREEMENT

 

 

CORGENTECH INC.

2003 EQUITY INCENTIVE PLAN

 

RESTRICTED STOCK AWARD AGREEMENT

 

Pursuant to the Restricted Stock
Award Grant Notice (“Grant Notice”) and this Restricted Stock Award Agreement
(collectively, the “Award”) and in consideration of the Purchase Price (as
defined below), Corgentech Inc. (the “Company”) has awarded you a restricted
stock award under its 2003 Equity Incentive Plan (the “Plan”) for the number of
shares of the Company’s Common Stock subject to the Award as indicated in the
Grant Notice.  Defined terms not
explicitly defined in this Restricted Stock Award Agreement but defined in the
Plan shall have the same definitions as in the Plan.

 

The details of your Award are as
follows:

 

1.             CONSIDERATION.  The purchase price of Common Stock acquired
pursuant to the Award shall be paid either: (i) in cash at the time of
purchase; (ii) at the discretion of the Board, according to a deferred payment
or other similar arrangement with you; (iii) at the discretion of the Board, by
services rendered or to be rendered to the Company; or (iv) in any other form
of legal consideration that may be acceptable to the Board in its discretion
(the “Purchase Price”); provided, however,
that payment of the Common Stock’s “par value,” as defined in the Delaware
General Corporation Law, shall not be made by deferred payment and must be made
in a form of consideration legal under Delaware General Corporation Law.

 

2.             VESTING.  Subject
to the limitations contained herein, your Award will vest as provided in the
Grant Notice, provided that vesting will cease upon the termination of your
Continuous Service.

 

3.             NUMBER OF SHARES.  The
number of shares subject to your Award may be adjusted from time to time for
Capitalization Adjustments, as provided in the Plan.

 

4.             TRANSFER
RESTRICTIONS.  The shares issued under your Award are not
transferable until vested and while non-vested shall not be sold, assigned,
hypothecated, pledged or otherwise transferred by you.  The Company shall not be required: (a) to
transfer on its books any shares issued under your Award that are sold,
assigned, hypothecated, pledged, or otherwise transferred in violation of any
of the provisions set forth in this Agreement, or (b) to treat as owner of such
shares issued under your Award or to accord the right to vote as such owner or
to pay dividends to any purported transferee of such shares issued under your
Award.

 

5.             RIGHT OF REACQUISITION.

 

(a)           The Company shall
have the right to reacquire all or any part of the shares (the “Reacquisition
Right”) you received pursuant to your Award that have not as yet vested in
accordance with the Vesting Schedule on the Grant Notice (“Unvested Shares”) on
the following terms and conditions:

 

1

 

(i)            The Company shall
simultaneously with termination of your Continuous Service automatically
reacquire all of the Unvested Shares for the consideration that you paid or for
no consideration if the shares were granted to you, unless the Company agrees to waive its Reacquisition Right as to some
or all of the Unvested Shares.  Any such
waiver shall be exercised by the Company by written notice to you or your
representative (with a copy to the Escrow Holder as defined below) within
ninety (90) days after the termination of your Continuous Service, and the
Escrow Holder may then release to you the number of Unvested Shares not being
reacquired by the Company.  If the
Company does not waive its Reacquisition Right as to all of the Unvested
Shares, then upon such termination of your Continuous Service, the Escrow
Holder shall transfer to the Company the number of shares the Company is
reacquiring.

 

(ii)           The shares issued
under your Award shall be held in escrow pursuant to the terms of the Joint
Escrow Instructions attached to the Grant Notice as Attachment III.  You agree to execute three (3) Assignment
Separate From Certificate forms (with date and number of shares blank)
substantially in the form attached to the Grant Notice as Attachment II and
deliver the same, along with the certificate or certificates evidencing the
shares, for use by the escrow agent pursuant to the terms of the Joint Escrow
Instructions.

 

(iii)         Subject to the
provisions of your Award, you shall, during the term of your Award, exercise
all rights and privileges of a shareholder of the Company with respect to the
shares deposited in escrow. You shall be deemed to be the holder of the shares
for purposes of receiving any dividends which may be paid with respect to such
shares and for purposes of exercising any voting rights relating to such
shares, even if some or all of such shares have not yet vested and been
released from the Company’s Reacquisition Right.

 

(iv)          If, from time to
time, there is any stock dividend, stock split or other change in the character
or amount of any of the outstanding stock of the corporation, the stock of
which is subject to the provisions of your Award, then in such event any and
all new, substituted or additional securities to which you are entitled by
reason of your ownership of the shares acquired under your Award shall be
immediately subject to the Reacquisition Right with the same force and effect
as the shares subject to this Reacquisition Right immediately before such
event.

 

6.             RESTRICTIVE
LEGENDS.  All
certificates representing the Common Stock shall have endorsed thereon legends
in substantially the following forms (in addition to any other legend which may
be required by other agreements between the parties hereto):

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN OPTION SET FORTH IN AN
AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR SUCH HOLDER’S
PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF
THIS COMPANY.  ANY TRANSFER OR ATTEMPTED
TRANSFER OF ANY SHARES SUBJECT TO SUCH OPTION IS VOID WITHOUT THE PRIOR EXPRESS
WRITTEN CONSENT OF THE COMPANY.”

 

2

 

7.             AWARD NOT A SERVICE
CONTRACT.  Your
Award is not an employment or service contract, and nothing in your Award shall
be deemed to create in any way whatsoever any obligation on your part to
continue in the employ of the Company or an Affiliate, or on the part of the
Company or an Affiliate to continue your employment.  In addition, nothing in your Award shall
obligate the Company or an Affiliate, their respective shareholders, boards of
directors, Officers or Employees to continue any relationship that you might
have as a Director or Consultant for the Company or an Affiliate.

 

8.             WITHHOLDING OBLIGATIONS.

 

(a)           At the time your Award is made, or at any time
thereafter as requested by the Company, you hereby authorize withholding from
payroll and any other amounts payable to you, and otherwise agree to make
adequate provision for any sums required to satisfy the federal, state, local
and foreign tax withholding obligations of the Company or an Affiliate, if any,
which arise in connection with your Award.

 

(b)           Unless the tax withholding obligations of the
Company and/or any Affiliate are satisfied, the Company shall have no
obligation to issue a certificate for such shares or release such shares from
any escrow provided for herein.

 

9.             TAX CONSEQUENCES.    The acquisition
and vesting of the shares may have adverse tax consequences to you.  You may mitigate or exacerbate such tax
consequences by filing an election under Section 83(b) of the Internal Revenue
Code, as amended (the “Code”).  Such
election must be filed within thirty (30) days after the date of your
Award.  YOU ACKNOWLEDGE THAT IT IS YOUR
OWN RESPONSIBILITY, AND NOT THE COMPANY’S, TO DETERMINE WHETHER A SECTION 83(b)
ELECTION IS APPROPRIATE FOR YOUR SITUATION. 
If YOU DECIDE TO FILE A SECTION 83(b) ELECTION, IT IS YOUR
RESPONSIBILITY AND NOT THE COMPANY’S TO FILE A TIMELY ELECTION UNDER CODE
SECTION 83(B), EVEN IF YOU REQUEST THE COMPANY TO MAKE THE FILING ON YOUR
BEHALF.

 

10.          NOTICES.  Any
notices provided for in your Award or the Plan shall be given in writing and
shall be deemed effectively given upon receipt or, in the case of notices
delivered by the Company to you, five (5) days after deposit in the United
States mail, postage prepaid, addressed to you at the last address you provided
to the Company.

 

11.          MISCELLANEOUS.

 

(a)           The rights and
obligations of the Company under your Award shall be transferable to any one or
more persons or entities, and all covenants and agreements hereunder shall
inure to the benefit of, and be enforceable by the Company’s successors and
assigns. Your rights and obligations under your Award may only be assigned with
the prior written consent of the Company.

 

(b)           You agree upon
request to execute any further documents or instruments necessary or desirable
in the sole determination of the Company to carry out the purposes or intent of
your Award.

 

3

 

(c)           You acknowledge and
agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting
your Award and fully understand all provisions of your Award.

 

12.          GOVERNING PLAN DOCUMENT.  Your
Award is subject to all the provisions of the Plan, the provisions of which are
hereby made a part of your Award, and is further subject to all
interpretations, amendments, rules and regulations which may from time to time
be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the
provisions of your Award and those of the Plan, the provisions of the Plan
shall control.

 

4

 

ATTACHMENT II

 

FORM OF ASSIGNMENT SEPARATE FROM CERTIFICATE

 

 

ASSIGNMENT SEPARATE FROM CERTIFICATE

 

FOR VALUE RECEIVED
and pursuant to that certain Restricted Stock Award Grant Notice and Restricted
Stock Award Agreement (the “Award”),                           
hereby sells, assigns and transfers unto Corgentech Inc., a Delaware
corporation (“Assignee”)                                                     
(                          )
shares of the common stock of the Assignee, standing in the undersigned’s name
on the books of said corporation represented by Certificate No.        
herewith and do hereby irrevocably constitute and appoint                           
as attorney-in-fact to transfer the said stock on the books of the within named
Company with full power of substitution in the premises. This Assignment may be
used only in accordance with and
subject to the terms and conditions of the Award, in connection with the
reacquisition of shares of Common Stock of the Assignee issued to the
undersigned pursuant to the Award, and only to the extent that such shares
remain subject to the Assignee’s Reacquisition Right under the Award.

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
                                        ,
  Recipient

  

 

 

[INSTRUCTION: 
Please do not fill in any blanks other than the signature line.  The purpose of this Assignment is to enable
the Company to exercise its Reacquisition Right set forth in the Award without
requiring additional signatures on your part.]

 

 

ATTACHMENT III

 

FORM OF JOINT ESCROW INSTRUCTIONS

 

 

JOINT ESCROW INSTRUCTIONS

 

February 21, 2005

 

 

Corporate
Secretary

Corgentech Inc.

650 Gateway
Boulevard

South San
Francisco, CA 94080

 

Dear Sir/Madam:

 

As Escrow Agent for both Corgentech Inc., a Delaware corporation (the “Company”),
and the undersigned recipient of stock of the Company (“Recipient”), you are
hereby authorized and directed to hold the documents delivered to you pursuant
to the terms of that certain Restricted Stock Award Grant Notice (the “Grant
Notice”), dated                          
to which a copy of these Joint Escrow Instructions is attached as Attachment
III, and pursuant to the terms of that
certain Restricted Stock Award Agreement (“Agreement”), which is Attachment I
to the Grant Notice, in accordance with the following instructions:

 

1.             In the event the
Company or an assignee exercises its Reacquisition Right set forth in the
Agreement, the Company or its assignee will give to Recipient and you a written
notice specifying the number of shares of stock to be purchased and the time
and place for a closing thereunder. 
Recipient and the Company hereby irrevocably authorize and direct you to
close the transaction contemplated by such notice in accordance with the terms
of said notice.

 

2.             At the closing,
you are directed (a) to date the stock assignments necessary for the transfer
in question, (b) to fill in the number of shares being transferred, and (c) to
deliver the same, together with the certificate evidencing the shares of stock
to be transferred, to the Company against the simultaneous delivery to you of
the purchase price (which may include suitable acknowledgment of cancellation
of indebtedness) for the number of shares of stock being purchased pursuant to
the exercise of the Reacquisition Right.

 

3.             Recipient
irrevocably authorizes the Company to deposit with you any certificates
evidencing shares of stock to be held by you hereunder and any additions and
substitutions to said shares as specified in the Agreement.  Recipient does hereby irrevocably constitute
and appoint you as his attorney-in-fact and agent for the term of
this escrow to execute with respect to such securities and other property all
documents necessary or appropriate to make such securities negotiable and
complete any transaction herein contemplated, including but not limited to any
appropriate filing with state or government officials or bank officials.

 

4.             This escrow shall
terminate upon the vesting in full or expiration of the Reacquisition Right,
whichever occurs first.

 

5.             If at the time of
termination of this escrow you should have in your possession any documents,
securities, or other property belonging to Recipient, you shall deliver all of
the

 

1

 

same to Recipient and
shall be discharged of all further obligations hereunder; provided, however,
that if at the time of termination of this escrow you are advised by the
Company that any property subject to this escrow is the subject of a pledge or
other security agreement, you shall deliver all such property to the
pledgeholder or other person designated by the Company.

 

6.             Except as
otherwise provided in these Joint Escrow Instructions, your duties hereunder
may be altered, amended, modified or revoked only by a writing signed by all of
the parties hereto.

 

7.             You shall be
obligated only for the performance of such duties as are specifically set forth
herein and may rely and shall be protected in relying or refraining from acting
on any instrument reasonably believed by you to be genuine and to have been
signed or presented by the proper party or parties.  You shall not be personally liable for any
act you may do or omit to do hereunder as Escrow Agent or as attorney-in-fact
for Recipient while acting in good faith, and any act done or omitted by you
pursuant to the advice of your own attorneys shall be conclusive evidence of
such good faith.

 

8.             You are hereby
expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or corporation, excepting only orders or
process of courts of law, and are hereby expressly authorized to comply with
and obey orders, judgments or decrees of any court.  In case you obey or comply with any such
order, judgment or decree of any court, you shall not be liable to any of the
parties hereto or to any other person, firm or corporation by reason of such
compliance, notwithstanding any such order, judgment or decree being subsequently
reversed, modified, annulled, set aside, vacated or found to have been entered
without jurisdiction.

 

9.             You shall not be
liable in any respect on account of the identity, authorities or rights of the
parties executing or delivering or purporting to execute or deliver these Joint
Escrow Instructions or documents or papers deposited or called for hereunder.

 

10.          You shall not be
liable for the outlawing of any rights under any statute of limitations with
respect to these Joint Escrow Instructions or any documents deposited with you.

 

11.          Your
responsibilities as Escrow Agent hereunder shall terminate if you shall cease
to be Secretary of the Company or if you shall resign by written notice to each
party.  In the event of any such
termination, the Secretary of the Company shall automatically become the
successor Escrow Agent unless the Company shall appoint another officer or
assistant officer of the Company as successor Escrow Agent, and Recipient
hereby confirms the appointment of such successor as his attorney-in-fact and
agent to the full extent of your appointment.

 

12.          If you reasonably
require other or further instruments in connection with these Joint Escrow
Instructions or obligations in respect hereto, the necessary parties hereto
shall join in furnishing such instruments.

 

13.          It is understood and
agreed that should any dispute arise with respect to the delivery and/or
ownership or right of possession of the securities held by you hereunder, you
are authorized and directed to retain in your possession without liability to
anyone all or any part of said securities until such dispute shall have been
settled either by mutual written agreement of

 

2

 

the parties concerned or
by a final order, decree or judgment of a court of competent jurisdiction after
the time for appeal has expired and no appeal has been perfected, but you shall
be under no duty whatsoever to institute or defend any such proceedings.

 

14.          All notices required
or permitted hereunder shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified, (b) when sent by
confirmed telex or facsimile if sent during normal business hours of the
recipient, and if not during normal business hours of the recipient, then on
the next business day, (c) five (5) calendar days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (d)
one (1) business day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt.  All communications shall be sent to the other
parties hereto at such party’s address set forth below, or at such other
address as such party may designate by ten (10) days advance written notice to
the other parties hereto.

 

	
  Company:

  	
   

  	
  Corgentech Inc.

  650 Gateway Boulevard

  South San Francisco, CA 94080

  Attn: General Counsel / Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
  Recipient:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Escrow
  Agent:

  	
   

  	
  Corgentech Inc.

  650 Gateway Boulevard

  South San Francisco, CA 94080

  Attn: Corporate Secretary

  

 

15.          By signing these
Joint Escrow Instructions, you become a party hereto only for the purpose of
said Joint Escrow Instructions; you do not become a party to the Grant Notice.

 

16.          You shall be entitled
to employ such legal counsel and other experts (including, without limitation,
the firm of Cooley Godward LLP) as
you may deem necessary properly to advise you in connection with your
obligations hereunder.  You may rely upon
the advice of such counsel, and you may pay such counsel reasonable
compensation therefor.  The Company shall
be responsible for all fees generated by such legal counsel in connection with
your obligations hereunder.

 

17.          This instrument
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. 
It is understood and agreed that references to “you” and “your” herein
refer to the original Escrow Agent and to any and all successor Escrow
Agents.  It is understood and agreed that
the Company may at any time or from time to time assign its rights under the
Grant Notice and these Joint Escrow Instructions in whole or in part.

 

18.          These Joint Escrow
Instructions shall be governed by and interpreted and determined in accordance
with the laws of the State of California, as such laws are applied by

 

3

 

California courts to
contracts made and to be performed entirely in California by residents of that
state.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  CORGENTECH INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  John P.
  McLaughlin

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  President and
  Chief Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  RECIPIENT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ESCROW AGENT:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Brandy M. Garduno

  	
   

  	
   

  
									

 

4Exhibit 10.17

 

CitationShares Director’s Evaluation Program

 

Non-employee
directors participate in the CitationShares Director’s Evaluation Program
established by Textron to provide ongoing evaluation of the performance of the
CitationShares fractional ownership program, a joint venture between Cessna
Aircraft Company, a wholly-owned subsidiary of Textron, and TAG Aviation
USA.  Under the program, Textron
purchased a one-eighth ownership share of two Cessna Citation aircraft from
CitationShares entitling it to a fixed number of hours of usage of the aircraft
during the year, and makes flight time available for personal use to the
non-employee directors.  Following each
flight, a participating director is expected to complete an evaluation of his
or her travel experience to assist Textron in ensuring that CitationShares
maintains its customer service focus. 
The aircraft also are utilized by Textron for travel by executives and
directors to and from Board meetings and other Board-related activities.  Participating directors are required to
reimburse Textron for its cost per hour of flight time purchased, to the extent
their personal use of the aircraft exceeds ten hours of flight time per
calendar year.

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