Document:

Exhibit
4.1

 

	
  

  	
  COMMON STOCK
  THIS CERTIFIES THAT is the registered holder of SEE REVERSE FOR CERTAIN
  DEFINITIONS CUSIP 874227 10 1 FULLY PAID AND NONASSESSABLE SHARES OF THE
  COMMON STOCK, $0.01 PAR VALUE OF TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.
  transferable on the books of the Corporation by the holder hereof in person
  or by duly authorized attorney upon surrender of this certificate properly
  endorsed. This certificate is not valid until countersigned and registered by
  the Transfer Agent and Registrar. WITNESS the facsimile seal of the
  Corporation and the facsimile signatures of its duly authorized officers.
  Dated: EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY COUNTERSIGNED
  AND REGISTERED: AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC (New York,
  NY) TRANSFER AGENT AND REGISTRAR BY: AUTHORIZED SIGNATURE TB TALECRIS
  BIOTHERAPEUTICS HOLDINGS CORP. DELAWARE 2005 SEAL CORPORATE CHAIRMAN AND
  CHIEF EXECUTIVE OFFICER INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE
  PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK WITH
  CHANGES MAKE CHANGES AND SEND ANOTHER PROOF Colors Selected for Printing:
  Logo prints in PMS 294 and PMS 306. Intaglio prints in SC-7 Dark Blue. COLOR:
  This proof was printed from a digital file or artwork on a graphics quality,
  color laser printer. It is a good representation of the color as it will
  appear on the final product. However, it is not an exact color rendition, and
  the final printed product may appear slightly different from the proof due to
  the difference between the dyes and printing ink. S H A R E S ABnote North
  America 711 ARMSTRONG LANE COLUMBIA, TENNESSEE 38401 (931) 388-3003 SALES:
  DENISE LITTLE 931-490-1706 PROOF OF: SEPTEMBER 17, 2009 TALECRIS
  BIOTHERAPEUTICS TSB 00265 OPERATOR: AP NEW 

  

 

	
  

  	
  The following
  abbreviations, when used in the inscription on the face of this certificate,
  shall be construed as though they were written out in full according to
  applicable laws or regulations: TEN COM TEN ENT JT TEN as tenants in common
  as tenants by the entireties as joint tenants with right of survivorship and
  not as tenants in common UNIF GIFT MIN ACT– Custodian (Cust) (Minor) under
  Uniform Gifts to Minors Act (State) Additional abbreviations may also be used
  though not in the above list. For value received, hereby sell, assign and
  transfer unto of the common stock represented by the within Certificate, and
  do hereby irrevocably constitute and appoint PLEASE INSERT SOCIAL SECURITY OR
  OTHER IDENTIFYING NUMBER OF ASSIGNEE Shares , Attorney to transfer the said
  stock on the books of the within-named Corporation with full power of
  substitution in the premises. Dated Signature(s) Guaranteed: Signature(s) THE
  SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
  (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
  MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO
  S.E.C. RULE 17Ad-15. NOTICE: THE SIGNATURE(S) ON THIS ASSIGNMENT MUST
  CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN
  EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE)
  PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK WITH
  CHANGES MAKE CHANGES AND SEND ANOTHER PROOF ABnote North America 711
  ARMSTRONG LANE COLUMBIA, TENNESSEE 38401 (931) 388-3003 SALES: DENISE LITTLE
  931-490-1706 PROOF OF: SEPTEMBER 17, 2009 TALECRIS BIOTHERAPEUTICS TSB 00265
  OPERATOR: AP NEWExhibit 10.7.2

 

TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.

2009 LONG-TERM INCENTIVE PLAN

 

 

Stock Option Award Agreement

 

 

You
are hereby awarded stock options (the “Options”) to purchase Shares of
Talecris Biotherapeutics Holdings Corp. (the “Company”), subject to the
terms and conditions set forth in this Stock Option Award Agreement (the “Award
Agreement”) and in the Talecris Biotherapeutics Holdings Corp. 2009
Long-Term Incentive Plan (the “Plan”). 
A copy of the Plan is attached as Exhibit A,
and a prospectus describing the Plan’s material terms is attached or will be
delivered to you separately.  Terms below that begin with
capital letters have the special meaning set forth in the Plan or in this Award
Agreement.

 

This
Award is conditioned on your execution of this Award Agreement within 20
(twenty) days after the Grant Date specified in Section 1 below.  By executing this Award Agreement, you will be
irrevocably agreeing that all of your rights under this Award will be
determined solely and exclusively by reference to the terms and conditions of
the Plan, subject to the provisions set forth below.  As a result, you should not execute
this Award Agreement until you have carefully considered the terms and
conditions of the Plan and this Award, plus the information disclosed within
the attached Plan prospectus, and (ii) consulted with your personal legal
and tax advisors about all of these documents.

 

1.             Specific Terms.  Your Options
have the following terms:

 

	
  Name of Participant

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Type of Option:

  	
   

  	
   ̈ Incentive Stock Option (ISO)

   

  ý Non-Incentive Stock Option (non-ISO)

  
	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Expiration Date:

  	
   

  	
  10 years after Grant
  Date, at 5:00 p.m. (E.D.T. or E.S.T., as applicable) on the Expiration
  Date.

  
	
   

  	
   

  	
   

  
	
  Exercise Price:

  	
   

  	
  U.S.
  $      .      
  per Share

  
	
   

  	
   

  	
   

  
	
  Number of Shares
  Subject to Award:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vesting:

  	
   

  	
  Your Award will vest,
  and thereby become exercisable with respect to the number of Shares covered
  by this Award, at the rate of one-third (1/3) on each of the three annual
  vesting dates beginning April 1, 2011, provided that either
  (i) your Continuous Service has not ended before the particular vesting
  date or (ii) if your Continuous Service has ended before a particular
  vesting date, you qualify for post-retirement vesting as provided in
  Section 5 below (all
  subject to any employment agreement between you and the Company).

  
	
   

  	
   

  	
   

  
	
  Accelerated Vesting

  	
   

  	
  You will become 100%
  vested in this Award if your Continuous Service ends due to your death or
  your Disability as defined in the Plan.

  

 

 

	
  Lifetime Transfer:

  	
   

  	
  x Allowed for Non-ISOs pursuant to
  Section 12(b) of the Plan.

   

  o Not allowed.

  
	
   

  	
   

  	
   

  
	
  Recapture and
  Recoupment

  	
   

  	
  x Section 25
  of the Plan shall apply re Termination, Rescission, and Recapture of this
  Award.

   

  o Section 26 shall apply re
  Recoupment of this Award.

  

 

2.             Manner of Exercise.  The Options shall be exercised in the manner
set forth in the Plan, using the exercise form attached hereto as Exhibit B.  The amount of Shares for which the Options
may be exercised is cumulative; that is, if you fail to exercise the Options
for all of the Shares vested under the Options during any period set forth
above, then any Shares subject to the Options that are not exercised during
such period may be exercised during any subsequent period, until the expiration
or termination of the Options pursuant to Sections 1 and 4 of this Award
Agreement and the terms of the Plan. 
Fractional Shares may not be purchased.

 

3.             Special ISO Provisions.  If designated as an ISO, this Option shall be
treated as an ISO to the extent allowable under Section 422 of the Code,
and shall otherwise be treated as a Non-ISO. 
If you sell or otherwise dispose of Shares acquired upon the exercise of
an ISO within 1 year from the date such Shares were acquired or 2 years from
the Grant Date, you agree to deliver a written report to the Company within 10
days following the sale or other disposition of such Shares detailing the net
proceeds of such sale or disposition.

 

4.             Termination of Continuous
Service.  Subject to the terms of any employment agreement
between you and the Company (and/or any Affiliate) that is in effect when your
Continuous Service terminates and Section 5 below, this Award shall be canceled
and become automatically null and void immediately after termination of your
Continuous Service for any reason, but only to the extent you have not become
vested, pursuant to the terms of Section 1 above, on or before your
Continuous Service ends.

 

5.             Post-Retirement Vesting.   In the event that (i) your Continuous
Service has terminated prior to a vesting date by reason of your Retirement as
defined in the Plan and (ii) you have not become “Otherwise Employed,”
then this Option will continue to vest in the same manner as if you had
remained in Continuous Service.  In the
event that you become Otherwise Employed or fail to provide the Committee with
written notice within 10 days after you have accepted an employment or
consulting position with an employer unrelated to the Company, then this Option
shall be canceled and become automatically null and void, but only to the
extent you have not become vested, pursuant to terms of Section 1 above or
this Section, on or before you became Otherwise Employed.  For purposes of this Award, “Otherwise
Employed” means that following termination of your Continuous Service you have
accepted an employment or consulting position with an employer unrelated to the
Company; provided that you shall not be considered “Otherwise Employed” if you
have presented the Committee with verifiable evidence establishing that your
new position may not reasonably be expected to result in base pay and bonus
over a period of a calendar year greater than 50 percent of the average of your
base pay and bonus for your last two calendar years of employment.  In the event of a dispute regarding whether
you have become Otherwise Employed, the Committee shall make a final
determination as provided in Section 4(d) of the Plan.  For the avoidance of confusion, investment
income or income incurred by reason of vesting of 

 

2

 

Awards or exercise of
Options awarded by the Company, shall not be considered income for purposes of
determining whether you have become Otherwise Employed.

 

6.             Designation of Beneficiary.  Notwithstanding anything to the contrary
contained herein or in the Plan, following the execution of this Award
Agreement, you may expressly designate a death beneficiary (the “Beneficiary”)
to your interest if any, in this Award and any underlying Shares.  You shall designate the Beneficiary by
completing and executing a designation of beneficiary agreement substantially
in the form attached hereto as Exhibit C
(the “Designation of Death Beneficiary”) and delivering an executed copy
of the Designation of Beneficiary to the Company.  To the extent you do not duly designate a beneficiary
who survives you, your estate will automatically be your beneficiary.

 

7.             Restrictions on Transfer of
Award. Your rights under this Award Agreement may not be
sold, pledged, or otherwise transferred without the prior written consent of
the Committee, except as hereinafter provided. 
If Section 1 allows you to make a transfer of Non-ISOs subject to
this Award, you may transfer the Non-ISOs as follows:  —

 

(i)                           by instrument
to an inter vivos or testamentary trust (or other entity) in which each
beneficiary is a Permitted Transferee, as defined in subsection (ii) of
this Section, or

 

(ii)                        by gift to
charitable institutions or by gift or transfer for consideration to any of the
following relatives of yours: any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, domestic partner, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, and shall include adoptive relationships
(each a “Permitted Transferee”).

 

Any Permitted Transferee of
your rights shall succeed and be subject to all of the terms of this Award
Agreement and the Plan.

 

8.             Taxes.  Except to the extent otherwise specifically
provided in an employment or consulting agreement between you and the Company,
by signing this Award Agreement, you acknowledge that you shall be solely
responsible for the satisfaction of any applicable taxes that may arise
pursuant to this Award (including taxes arising under Code Section 409A (regarding
deferred compensation) or 4999 (regarding golden parachute excise taxes), and
that neither the Company nor the Administrator shall have any obligation
whatsoever to pay such taxes or to otherwise indemnify or hold you harmless
from any or all of such taxes.  The Committee shall have the sole
discretion to interpret the requirements of the Code, including Section 409A,
for purposes of the Plan and this Award Agreement.

 

9.             Not a Contract of Employment.  By executing this Award Agreement you acknowledge and agree
that (i) nothing in this Award Agreement or the Plan confers on you any
right to continue an employment, service or consulting relationship with the
Company, nor shall it affect in any way your right or the Company’s right to
terminate your employment, service, or consulting relationship at any time,
with or without Cause; and (ii) the Company would not have granted this
Award to you but for these acknowledgements and agreements.

 

3

 

10.          Long-term Consideration for Award.  If Section 1 above provides for the
application of Plan Section 25 to this Award, then the terms and
conditions set forth in your existing Talecris Intellectual Property Agreement
or such other employment agreement that includes terms intended to protect
Talecris’ business interests, as amended from time-to-time in accordance with
its terms, (the “Business Protection Agreement”) are hereby incorporated by
reference and made an integral part of this Award Agreement.  An invalidation or incompletion of all or
part of the Business Protection Agreement, or your commencement of litigation
to invalidate, modify, or alter the terms and conditions set forth your
Business Protection Agreement, shall cause this Award to become null, void, and
unenforceable.

 

11.          Investment Purposes. By executing
this Award Agreement, you represent and warrant that any Shares issued to you
pursuant to your Options will be held for investment for your own account, and
not with a view to, for resale in connection with, or with an intent in
participating directly or indirectly in, any distribution of such Shares within
the meaning of the Securities Act of 1933, as amended.

 

12.          Securities Law Restrictions. 
Regardless of whether the offering and sale of Options or Shares under
the Plan have been registered under the Securities Act of 1933, as amended (the
“Securities Act”), or have been registered or qualified under the
securities laws of any state, the Company at its discretion may impose
restrictions upon the sale, pledge or other transfer of such Shares (including
the placement of appropriate legends on stock certificates or the imposition of
stop-transfer instructions) if, in the judgment of the Company, such
restrictions are necessary or desirable in order to achieve compliance with the
Securities Act or the securities laws of any state or any other law or to
enforce the intent of this Award.

 

13.          Headings.  Section and other headings contained in
this Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award
Agreement or any provision hereof.

 

14.          Severability.  Every provision of this Award Agreement and
of the Plan is intended to be severable. 
If any term hereof is illegal or invalid for any reason, such illegality
or invalidity shall not affect the validity or legality of the remaining terms
of this Award Agreement.

 

15.          Counterparts.  This Award Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute one and the same instrument.

 

16.          Notices.  Any notice or communication required or
permitted by any provision of this Award Agreement to be given to you shall be
in writing and shall be delivered electronically, personally, or sent by mail
addressed to you at the last address that the Company had for you on its
records.  Each party may, from time to
time, by notice to the other party hereto, specify a new address for delivery
of notices relating to this Award Agreement. 
Any such notice shall be deemed to be given as of the date such notice
is personally or electronically delivered or properly mailed.

 

17.          Binding Effect.  Except as otherwise provided in this Award
Agreement or in the Plan, every covenant, term, and provision of this Award
Agreement shall be binding upon and inure to 

 

4

 

the
benefit of the parties hereto and their respective heirs, legatees, legal
representatives, successors, transferees, and assigns.

 

18.          Modifications.  This Award Agreement may be modified or
amended at any time, in accordance with Section 15 of the Plan and
provided that you must consent in writing to any modification that adversely
and materially affects any rights or obligations under this Award Agreement.

 

19.          Plan Governs.  By signing this Award Agreement, you
acknowledge that you have received a copy of the Plan and that your Award
Agreement is subject to all the provisions contained in the Plan, the
provisions of which are made a part of this Award Agreement and your Award is
subject to all interpretations, amendments, rules and regulations which
from time to time may be promulgated and adopted pursuant to the Plan.  In the event of a conflict between the
provisions of this Award Agreement and those of the Plan, the provisions of the
Plan shall control.

 

20.          Governing Law.  The laws of the State of Delaware shall
govern the validity of this Award Agreement, the construction of its terms, and
the interpretation of the rights and duties of the parties hereto.

 

BY YOUR SIGNATURE BELOW, along with the signature of
the Company’s representative, you and the Company agree that this Award is made
under and governed by the terms and conditions of this Award Agreement and the
Plan.

 

 

	
   

  	
  TALECRIS BIOTHERAPEUTICS HOLDINGS CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  PARTICIPANT

  
	
   

  	
   

  
	
   

  	
  The undersigned Participant hereby accepts the terms
  of this Award Agreement and the Plan.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name of Participant:

  	
   

  
					

 

5

 

Exhibit A

 

Talecris
Biotherapeutics Holdings Corp.

2009
Long-Term Incentive Plan

 

 

Plan
Document

 

 

 

Exhibit B

 

Talecris
Biotherapeutics Holdings Corp.

2009
Long-Term Incentive Plan

 

 

Form of
Exercise of Stock Option Award Agreement

 

 

Talecris Biotherapeutics Holdings Corp.

 

Attention:

 

 

Dear Sir or Madam:

 

The undersigned elects to
exercise his/her Incentive Stock Options to purchase           
shares of Common Stock of Talecris Biotherapeutics Holdings Corp. (the “Company”)
under and pursuant to a Stock Option Agreement dated as of                             .

 

1.             o Delivered herewith is a
certified or bank cashier’s or teller’s check and/or shares of Common Stock
held by the undersigned for at least six months, valued at the closing sale
price of the stock on the business day prior to the date of exercise, as
follows:

 

	
  $

  	
   

  	
  in
  cash or check

  
	
  $

  	
   

  	
  in
  the form of          shares of Common
  Stock,

  
	
   

  	
   

  	
  valued
  at $                      per share

  
	
   

  	
   

  	
   

  
	
  $

  	
  Total

  	
   

  

 

 

2.             o Delivered herewith are
irrevocable instructions to a broker approved by the Company to deliver
promptly to the Company the amount of sale or loan proceeds to pay the exercise
price(1).

 

If method 1 is chosen, the
name or names to be on the stock certificate or certificates and the address
and Social Security Number of such person(s) is as follows:

 

	
  Name:

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
  Social Security Number

  	
   

  
	
   

  	
   

  
	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date

  	
  Optionee

  
				

 

(1) Future feature available when implemented.

 

 

Exhibit C

 

Talecris
Biotherapeutics Holdings Corp.

2009
Long-Term Incentive Plan

 

 

Designation
of Death Beneficiary

 

 

In connection with the Awards designated below that
I have received pursuant to the Talecris Biotherapeutics Holdings Corp. 2009
Long-Term Incentive Plan (the “Plan”), I hereby designate the person specified
below as the beneficiary upon my death of my interest in such Awards.  This designation shall remain in effect until
revoked in writing by me.

 

Name of Beneficiary:

 

Address:

 

 

 

Social Security No.:

 

This beneficiary designation relates to any and all
of my rights under the following Award or Awards:

 

o                                    any Award that
I have received or ever receive under the Plan.

 

o                                    the Stock
Option Award that I received pursuant to an award agreement dated                   
    ,         
between myself and the Company.

 

I understand that this designation operates to
entitle the above named beneficiary, in the event of my death, to any and all
of my rights under the Award(s) designated above from the date this form
is delivered to the Company until such date as this designation is revoked in
writing by me, including by delivery to the Company of a written designation of
beneficiary executed by me on a later date.

 

	
   

  	
  Date:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name of Participant

  

 

Sworn to before me this

        day of                         ,
20  

 

Notary Public

County of

State of

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