SEC Contract Filing

Filing Date: 2018-10-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>10
<FILENAME>ex-1092018q3.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
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<div><a name="s8E884E2D4DA65B99F88B78C3D6A6E141"></a></div><div><div style="line-height:120%;text-align:right;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.9</font></div></div><div><br></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SEATTLE GENETICS, INC.</font></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED 2007 EQUITY INCENTIVE PLAN <br>STOCK OPTION AGREEMENT FOR NON-US PARTICIPANTS</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS STOCK OPTION AGREEMENT (the "Agreement") dated </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">%%OPTION_DATE,'MM/DD/YYYY'%-%</font><font style="font-family:inherit;font-size:12pt;">&#32;("Grant Date") between Seattle Genetics, Inc., a Delaware corporation (the "Company"), and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">%%FIRST_NAME</font><font style="font-family:inherit;font-size:12pt;">%-%</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;%%MIDDLE_NAME</font><font style="font-family:inherit;font-size:12pt;">%-% </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">%%LAST_NAME</font><font style="font-family:inherit;font-size:12pt;">%-% ("Optionee"), is entered into as follows: </font></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WITNESSETH: </font></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Company has established the Amended and Restated 2007 Equity Incentive Plan (the "Plan"); and </font></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Compensation Committee of the Board of Directors of the Company or its delegates (the "Committee") has determined that Optionee shall be granted an option under the Plan as hereinafter set forth; </font></div><div style="line-height:130%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The parties hereby agree that the Company grants, effective as of the Grant Date, Optionee a Nonstatutory Stock Option (this "Option") to purchase </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">%%TOTAL_SHARES_GRANTED,'999,999,999'%-%</font><font style="font-family:inherit;font-size:12pt;">&#32;shares of its $0.001 par value Common Stock (the "Shares") upon the terms and conditions set forth in this Agreement (including any special terms and conditions for Optionee&#8217;s country set forth in the attached appendix (the &#8220;Appendix&#8221;)). </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Plan Award</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:12pt;">This Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Exercise Price</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:12pt;">The exercise price applicable to this Option (meaning, the price Optionee must pay in order to purchase any Shares hereunder) shall be </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">%%OPTION_PRICE,'$999,999,999.99'%-% </font><font style="font-family:inherit;font-size:12pt;">per Share. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Vesting and Exercise of Option</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:12pt;">Subject to Optionee's not experiencing a Termination of Employment during the following vesting period, Optionee shall vest in and earn the right to exercise this Option as follows: One-fourth (1/4th) of the total number of Shares subject to the Option shall vest on the first anniversary of the earlier of the Grant Date or the Vesting Commencement Date, if any, and one thirty-sixth (1/36th