SEC Contract Filing

Filing Date: 2015-12-22

Document Content:
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<TYPE>EX-10.5
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<FILENAME>d38681dex105.htm
<DESCRIPTION>EX-10.5
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Form &#150; Japan Employees </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOVOCURE LIMITED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Incentive Stock Option Agreement </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to the </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NovoCure
Limited </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>2015 Omnibus Incentive Plan </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>AGREEMENT (this &#147;<B><U>Agreement</U></B>&#148;), dated as of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;between NovoCure Limited, a Jersey Isle company (the &#147;<B><U>Company</U></B>&#148; and, collectively with its controlled Affiliates, the &#147;<B><U>Employer</U></B>&#148;),
and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(the &#147;<B><U>Participant</U></B>&#148;).<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Preliminary Statement </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>The Committee hereby grants this incentive stock option (the &#147;<B><U>Stock Option</U></B>&#148;) on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(the &#147;<B><U>Grant Date</U></B>&#148;) pursuant to the NovoCure Limited 2015 Omnibus Incentive Plan, as it may be amended from time to time (the
&#147;<B><U>Plan</U></B>&#148;), to purchase the number of Ordinary Shares set forth below to the Participant, as an Eligible Employee, Consultant or Non-Employee Director. Except as otherwise indicated, any capitalized term used but not defined
herein shall have the meaning ascribed to such term in the Plan. By signing and returning this Agreement, the Participant acknowledges having received and read a copy of the Plan and agrees to comply with it, this Agreement and all applicable laws
and regulations. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, the parties hereto agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>1. <B><U>Tax Matters</U>.</B> <B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding any of the provisions of the Plan, any tax consequences arising from the grant or exercise of any Stock Options, from the
payment for Ordinary Share covered thereby or from any other event or act (of the Employer and/or of the Participant) hereunder, shall be borne solely by the Participant. The Participant shall consult his/her own tax advisor regarding such tax
consequences. The Employer does not guarantee to the Participant any particular tax treatment of the Stock Option and in no event whatsoever shall the Employer be liable for any additional tax, interest or penalties that may be imposed on the
Participant by any applicable laws or regulations or any damages for failing to comply with them. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If applicable, the Company, any
trustee or other fiduciary holding securities under any employee benefit plan of the Company (where applicable) shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including the withholding of taxes
at source. Further, if required, the Participant must pay or provide for all applicable withholding taxes in respect of the grant or exercise of the Stock Option in a manner directed by the Committee and permitted by applicable laws and regulations.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B><U>Grant of Stock Option</U>.</B> Subject to the Plan and the terms and conditions set forth herein and therein, the Participant is
hereby granted the Stock Option to purchase from the Company &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary Shares at a price per share of
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(the &#147;<B><U>Exercise Price</U></B>&#148;). </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>3. <B><U>Vesting</U>. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <B>Vesting Schedule.</B> The Stock Option shall vest and become exercisable on the dates and in the cumulative percentages provided in the
table below; <U>provided</U>, with respect to each vesting date, that the Participant has not experienced a Termination prior to such date. There shall be no proportionate or partial vesting in the periods prior to each vesting date. The vesting
date for this Stock Option shall be [DATE] (the &#147;Vesting Date&#148;). </P> <P STYLE="font-size:12pt