SEC Contract Filing

Filing Date: 2018-06-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d603522dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SAVARA INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2015 OMNIBUS
INCENTIVE PLAN </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(as amended and restated on March&nbsp;7, 2018) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Savara Inc., a Delaware corporation (f/k/a Mast Therapeutics, Inc., the &#147;Company&#148;), hereby establishes the amended and restated 2015
Omnibus Incentive Plan (the &#147;Plan&#148;), effective as of the Effective Date. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>PURPOSE OF THIS PLAN </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The purpose of this Plan is to assist the Company and its
Affiliates in attracting and retaining selected individuals to serve as employees, directors, consultants and/or advisors of the Company and its Affiliates who are expected to contribute to the Company&#146;s success and achievement of long-term
objectives that will benefit the stockholders of the Company through the additional incentives inherent in the Awards hereunder. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DEFINITIONS </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1 &#147;<I>2014 Plan</I>&#148; shall mean the Company&#146;s 2014
Omnibus Incentive Plan, which amended, restated and renamed the Company&#146;s 2013 Omnibus Incentive Plan as of June&nbsp;19, 2014, the date on which it was approved by the stockholders of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2 &#147;<I>Affiliate</I>&#148; shall mean, at the time of determination, any &#147;parent&#148; or &#147;subsidiary&#148; of the Company as
such terms are defined in Rule 405 of the Securities Act of 1933, as amended.&nbsp;The Board or the Committee shall have the authority to determine the time or times at which &#147;parent&#148; or &#147;subsidiary&#148; status is determined within
the foregoing definition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.3 &#147;<I>Award</I>&#148; shall mean any Option, Stock Appreciation Right, Restricted Stock Award,
Restricted Stock Unit Award, Other Share-Based Award, Performance Award or any other right, interest or option relating to Shares or other property (including cash) granted pursuant to the provisions of this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.4 &#147;<I>Award Agreement</I>&#148; shall mean any written agreement, contract or other instrument or document evidencing any Award granted
hereunder, including through an electronic medium. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.5 &#147;<I>Board</I>&#148; shall mean the board of directors of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.6 &#147;<I>Code</I>&#148; shall mean the Internal Revenue Code of 1986, as amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.7 &#147;<I>Committee</I>&#148; shall mean the Compensation Committee of the Board or any other committee or subcommittee formed by the Board
or by the Compensation Committee with the approval of the Board to act as the Committee.&nbsp;The Committee may consist of no fewer than two Directors, each of whom is (i)&nbsp;a <FONT STYLE="white-space:nowrap">&#147;Non-Employee</FONT>
Director&#148; within the meaning of Rule <FONT STYLE="white-space:nowrap">16b-3</FONT> of the Exchange Act and (ii)&nbsp;an &#147;independent director&#148; for purpose of the rules of the principal U.S. national securities exchange on which the
Shares are traded, to the extent required by such rules.&nbsp;Anything to the contrary in this Plan notwithstanding, the Committee shall only have such authority as delegated to it by the Board.&nbsp;The Board reserves all authority to administer
this Plan.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.8 &#147;<I>Consultant</I>&#148; shall mean any consultant or advisor who is a natural person and who provides services to the
Company or any Affiliate, so long as such person (i)&nbsp;renders bona fide services that are not in connection with the offer and sale of the Company&#146;s securities in a <FONT STYLE="white-space:nowrap">capital-raising</FONT> transaction and
(ii)&nbsp;does not directly or indirectly promote or maintain a market for the Company&#146;s secu