SEC Contract Filing

Filing Date: 2019-11-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ocul-20190930ex1015fdbd5.htm
<DESCRIPTION>EX-10.1
<TEXT>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Exhibit 10.1</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">OCULAR THERAPEUTIX, INC.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">2019 INDUCEMENT STOCK INCENTIVE PLAN</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Purpose</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">The purpose of this 2019 Inducement Stock Incentive Plan (the &#x201C;Plan&#x201D;) of Ocular Therapeutix, Inc., a Delaware corporation (the &#x201C;Company&#x201D;), is to advance the interests of the Company&#x2019;s stockholders by enhancing the Company&#x2019;s ability to attract, retain and motivate persons who are expected to make important contributions to the Company with an inducement material for such persons to enter into employment with the Company and by providing such persons with equity ownership opportunities and performance-based incentives that are intended to better align the interests of such persons with those of the Company&#x2019;s stockholders.&nbsp; Except where the context otherwise requires, the term &#x201C;Company&#x201D; shall include any of the Company&#x2019;s present or future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended, and any regulations thereunder (the &#x201C;Code&#x201D;) and any other business venture (including, without limitation, joint venture or limited liability company) in which the Company has a controlling interest, as determined by the Board of Directors of the Company (the &#x201C;Board&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Eligibility</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Awards under the Plan may only be granted to persons who (a)&nbsp;were not previously an employee or director of the Company or (b)&nbsp;are commencing employment with the Company following a bona fide period of non-employment, in either case as an inducement material to the individual&#x2019;s entering into employment with the Company and in accordance with the requirements of Nasdaq Stock Market Rule 5635(c)(4).&nbsp;&nbsp;For the avoidance of doubt, neither consultants nor advisors shall be eligible to participate in the Plan.&nbsp; Each person who is granted an Award under the Plan is deemed a &#x201C;Participant.&#x201D; The Plan provides for the following types of awards, each of which is referred to as an &#x201C;Award&#x201D;: Options (as defined in Section 5), SARs (as defined in Section 6), Restricted Stock (as defined in Section 7), Restricted Stock Units (as defined in Section 7) and Other Stock-Based Awards (as defined in Section 8).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Administration and Delegation</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Administration by Board of Directors</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">.&nbsp; The Plan will be administered by the Board.&nbsp; The Board shall have authority to grant Awards and to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Plan as it shall deem advisable.&nbsp; The Board may construe and interpret the terms of the Plan and any Award agreements entered into under the Plan.&nbsp; The Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem expedient and it shall be the sole and final judge of such expediency.&nbsp; All decisions by the