SEC Contract Filing

Filing Date: 2017-11-06

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>fprx-ex104_299.htm
<DESCRIPTION>EX-10.4
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<p style="text-align:right;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.4</p>
<p style="text-align:center;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT NO. 1</p>
<p style="text-align:center;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">TO THE</p>
<p style="text-align:center;margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">2013 OMNIBUS INCENTIVE PLAN</p>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Amendment No. 1 to the 2013 Omnibus Incentive Plan (this &#8220;Amendment&#8221;) is made by&#160;Five Prime Therapeutics, Inc. (the &#8220;Company&#8221;), as of August 22, 2017. Capitalized terms used herein and not otherwise defined shall have the meaning ascribed thereto in the&#160;2013 Omnibus Incentive Plan&#160;(the &#8220;Plan&#8221;).</p>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS,&#160;pursuant to Section&#160;5.3 of the Plan, the Board of Directors of the Company (the &#8220;Board&#8221;) may, at any time and from time to time, amend the Plan as to any shares of Stock as to which Awards have not been made, which amendment may be contingent on approval of the Company&#8217;s stockholders to the extent stated by the Board, required by Applicable Laws or required by the Stock Exchange on which the shares of Stock are listed; </p>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Board has determined that the actions set forth in this Amendment do not require the approval of the Company&#8217;s stockholders; and&nbsp;&nbsp;</p>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS,&#160;the Board has determined that it is in the best interest of the Company to amend the Plan as set forth in this Amendment.</p>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE,&#160;in accordance with the foregoing, the Plan is amended as follows:</p>
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<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:10pt;">&nbsp;</p></td>
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<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:10pt;">Section 18.3 of the Plan is hereby amended and restated in its entirety to read as follows:</p></td></tr></table></div>
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref415045331"></a><a name="_Toc507832413"></a><a name="_Toc291230418"></a><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><a name="_Ref415045331"></a><a name="_Toc507832413"></a><a name="_Toc291230418"></a>&#8220;18.3<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Withholding Taxes</font>.&nbsp;&nbsp;<font style="letter-spacing:-0.1pt;">The Company or an Affiliate, as the case may be, shall have the right to deduct from payments of any kind otherwise due to a Grantee any federal, state, or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions applicable to an Award or upon the issuance of any shares of Stock upon the exercise of an Option or pursuant to an Award.&nbsp;&nbsp;At the time of such vesting, lapse, or exercise, the Grantee shall pay in cash to the Company or an Affiliate, as the case may be, any amount that the Company or an Affiliate may reasonably determine to be necessary to satisfy such withholding obligation; </font><font style="text-decoration:underline;letter-spacing:-0.1pt;">provided</font><font style="letter-spacing:-0.1pt;">, </font><font style="text-decoration:underline;letter-spacing:-0.1pt;">however</font><font style="letter-spacing:-0.1pt;">, that if there is a same day