SEC Contract Filing

Filing Date: 2015-12-04

Document Content:
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<TYPE>EX-10.2
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<FILENAME>s102315_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&#9; <B>SECOND SIGHT MEDICAL PRODUCTS, INC.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>RESTRICTED STOCK UNITS </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>&#9;AWARD AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">SECOND SIGHT MEDICAL PRODUCTS, INC. a California
corporation (the &quot;Company&quot;), hereby grants to Will McGuire (the &#8220;Participant&#8221;) an award (the &#8220;Award&#8221;)
to receive Restricted Stock Units (&#8220;RSUs&#8221;) of the Company subject to the following terms and conditions:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1.&#9;<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GRANT OF AWARD</B>. Pursuant to the
Second Sight Medical Products, Inc. Equity Incentive Plan-Restricted Stock Units (the &#8220;Plan&#8221;), the Company hereby grants
to the Participant an Award of RSUs in the Company in the amount set forth below. The Award of RSUs shall be subject to all of
the terms and conditions of this Award Agreement and the Plan adopted by the Company effective as of December 1, 2015.</P>

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 <TD STYLE="width: 6%"></TD>
 <TD STYLE="width: 42%">AWARD DATE:</TD>
 <TD STYLE="width: 52%">December 1, 2015</TD></TR>
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 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
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 <TD>&nbsp;</TD>
 <TD>TOTAL RSUs:</TD>
 <TD>190,000</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each RSU granted hereunder upon vesting,
as more particularly described below, to entitle the Participant to receive one share of the common stock of the Company (individually,
a &#8220;Share&#8221; and collectively, the &#8220;Shares&#8221;).</P>

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 <TD STYLE="width: 42%">VESTING COMMENCEMENT DATE:</TD>
 <TD STYLE="width: 52%">August 18, 2016</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">VESTING SCHEDULE: &nbsp;&nbsp;The RSUs shall vest as
follows: For so long as the Participant shall remain employed by, and work full time, exclusively, and continuously for, the
Company, Twenty-five percent (25%) on August 18, 2016 and the balance of the Shares subject to Restricted Stock Units
thereafter shall vest in twelve equal installments of six and one quarter percent (6.25%) on the next twelve quarterly
periods. There shall be no partial year or partial quarter vesting. Continuous service with the Company shall mean the
rendering of services to the Company as an employee of the Company on a full time basis in accordance with the terms and
conditions set forth in the Executive Employment Agreement between the Company and the Participant, dated June 19, 2015. A
&#8220;Vesting Period&#8221; shall mean each period of time, whether on an annual basis, or quarterly, as provided above,
that the Participant shall vest in RSUs.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">ISSUANCE OF SHARES: As and when RSUs become
ve