SEC Contract Filing

Filing Date: 2016-02-26

Document Content:
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<TYPE>EX-10.3
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<DESCRIPTION>EX-10.3
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.3</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECOND AMENDED AND RESTATED</font></b></p>
<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2004 EQUITY INCENTIVE PLAN</font></b><br> <b>OF</b><br> <b>DEPOMED,&nbsp;INC.</b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(As Amended and Restated on December&nbsp;20, 2011 and February&nbsp;12, 2016)</font></b></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1. Purpose of this Plan</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purpose of this Second Amended and Restated 2004 Equity Incentive Plan is to enhance the long-term shareholder value of Depomed,&nbsp;Inc. by offering opportunities to eligible participants to share in the growth in value of the equity of Depomed,&nbsp;Inc. and to provide incentives to eligible Employees, Company Directors and Consultants to contribute to the success of the Company.</font></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2. Definitions and Rules&nbsp;of Interpretation</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.1 Definitions. </font></b>This Plan uses the following defined terms:</p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;<b><i style="font-weight:bold;">&#147;Administrator&#148;</i></b> means the Board, the Committee, or any officer or employee of the Company to whom the Board or the Committee delegates authority to administer this Plan.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;<b><i style="font-weight:bold;">&#147;Affiliate&#148;</i></b> means a &#147;parent&#148; or &#147;subsidiary&#148; (as each is defined in Section&nbsp;424 of the Code) of the Company and any other entity that the Board or Committee designates as an &#147;Affiliate&#148; for purposes of this Plan.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&nbsp;<b><i style="font-weight:bold;">&#147;Applicable Law&#148;</i></b> means any and all laws of whatever jurisdiction, within or without the United States, and the rules&nbsp;of any stock exchange or quotation system on which Shares are listed or quoted, applicable to the taking or refraining from taking of any action under this Plan, including the administration of this Plan and the issuance or transfer of Awards or Award Shares.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&nbsp;<b><i style="font-weight:bold;">&#147;Award&#148;</i></b> means a Stock Award, Restricted Stock Unit or Option granted in accordance with the terms of this Plan.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&nbsp;<b><i style="font-weight:bold;">&#147;Award Agreement&#148;</i></b> means the document evidencing the grant of an Award.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&nbsp;<b><i style="font-weight:bold;">&#147;Award Shares&#148;</i></b> means Shares covered by an outstanding Award or purchased under an Award.</font></p>
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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&nbsp;<b><i style="font-weight:bold;">&#147;Awardee&#148;</