SEC Contract Filing

Filing Date: 2020-07-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.25
<SEQUENCE>2
<FILENAME>tm2023724d2_ex10-25.htm
<DESCRIPTION>EXHIBIT 10.25
<TEXT>
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 <font style="letter-spacing:-0.2pt;">Exhibit 10.25</font>&#8203;</div>
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 <font style="letter-spacing:-0.2pt;">EYENOVIA, INC. </font>
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 <font style="letter-spacing:-0.2pt;">AMENDED AND RESTATED 2018 OMNIBUS STOCK INCENTIVE PLAN </font>
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 <font style="letter-spacing:-0.2pt;">2018 Omnibus Stock Incentive Plan&#160;Approved by </font>
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 <font style="letter-spacing:-0.2pt;">the Board and Stockholders on March&#160;6, 2018 and June&#160;11, 2018, respectively </font>
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 <font style="letter-spacing:-0.2pt;">Amendment to 2018 Omnibus Stock Incentive Plan&#160;Approved by </font>
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 <font style="letter-spacing:-0.2pt;">the Board and Stockholders on April&#160;5, 2019 and June&#160;11, 2019, respectively </font>
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 <font style="letter-spacing:-0.2pt;">Amendment and Restatement of 2018 Omnibus Stock Incentive Plan&#160;Approved by </font>
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 <font style="letter-spacing:-0.2pt;">the Board and Stockholders on April&#160;7, 2020 and June&#160;30, 2020 respectively </font>
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 <font style="letter-spacing:0.2pt;">1. </font><font style=" text-decoration:underline;letter-spacing:0.2pt;">Purposes of the Plan</font><font style="letter-spacing:0.2pt;">.&nbsp;&nbsp;&nbsp;The purposes of this Plan are to attract and retain the best available personnel; to provide additional incentives to Employees, Directors and Consultants to contribute to the successful performance of the Company and any Related Entity; to promote the growth of the market value of the Company&#8217;s Common Stock; to align the interests of Grantees with those of the Company&#8217;s stockholders; and to promote the success of the Company&#8217;s business. </font>
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 <font style="letter-spacing:0.2pt;">2. </font><font style=" text-decoration:underline;letter-spacing:0.2pt;">Definitions</font><font style="letter-spacing:0.2pt;">.&nbsp;&nbsp;&nbsp;The following definitions shall apply as used herein and in all individual Award Agreements except as a term may be otherwise defined in an individual Award Agreement. In the event a term is separately defined in an individual Award Agreement, such definition shall supersede the definition contained in this Section&#160;2. </font>
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 <font style="letter-spacing:0.2pt;">(a) &#8220;</font><font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Administrator</font><font style="letter-spacing:0.2pt;">&#8221; means the Plan&#160;Administrator as described in Section&#160;4. </font>
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 <font style="letter-spacing:0.2pt;">(b) &#8220;</font><font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Applicable Laws</font><font style="letter-spacing:0.2pt;">&#8221; means the legal requirements relating to the Plan and the Awards under applicable provisions of federal and state securities laws, the corporate laws of Delaware, and, to the extent other than Delaware, the corporate law of the state of the Company&#8217;s incorporation, the Code, the rules of any applicable stock exchange or national market system, and the rules of any non-U.S. jurisdiction applicable to Awards granted to residents therein. </font>
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 <font style="letter-spacing:0.2pt;">(c) &#8220;</font><font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Assumed</font><font style="letter-spacing:0.2pt;">&#8221; means, with respect to an Award, that pursuant to a Corporate Transaction either (i)&#160;the Award is expressly affirmed by the Company or (ii)&#160;the contractual obligations represented by the Award are expressly assumed (and not simply by operation of law) by the successor entity or its Parent in connection with the Corporate Transaction with appropriate adjustments to the number and type of securities of the successor entity or its Parent subject to the Award and the exercise or purchase price thereof which at least preserves the compensation element of the Award existing at the time of the Corporate Transaction as determined in accordance with the instruments evidencing the agreement to assume the Award. </font>
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 <font style="letter-spacing:0.2pt;">(d) &#8220;</font><font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Award</font><fon