SEC Contract Filing

Filing Date: 2021-11-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tmb-20210930xex10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.11.0.85--><!--Created on: 11/15/2021 10:20:56 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">Exhibit 10.2</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">ONCONOVA THERAPEUTICS, INC. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2021 INCENTIVE COMPENSATION PLAN</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 24pt 0pt;">NONQUALIFIED STOCK OPTION AWARD AGREEMENT </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">This NONQUALIFIED STOCK OPTION AWARD AGREEMENT (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agreement</u>&#8221;), dated as of the grant date set forth on the Stock Options Details page in Morgan Stanley Stock Plan Connect (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Date of Grant</u>&#8221;), is delivered by Onconova Therapeutics, Inc.<b style="font-weight:bold;"> </b>(the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Company</u>&#8221;) to the Participant on the Stock Options details page in Morgan Stanley Stock Plan Connect (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Participant</u>&#8221;). &#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration:underline;text-decoration-color:#000000;">RECITALS</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Onconova Therapeutics, Inc.<b style="font-weight:bold;"> </b>2021 Incentive Compensation Plan (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Plan</u>&#8221;) provides for the grant of stock options to purchase shares of Common Stock. &#160;The Committee has decided to make this nonqualified stock option grant as an inducement for the Participant to promote the best interests of the Company and its stockholders. &#160;The Participant hereby acknowledges the receipt of a copy of the Plan and the official prospectus for the Plan, which are available by accessing [<b style="font-weight:bold;">Insert MSSB link</b>] and on the Company&#8217;s intranet at <b style="font-weight:bold;">[Insert link]</b>. &#160;Paper copies of the Plan and the official Plan prospectus are available by contacting the Chief Financial Officer of the Company at 267-759-3680 x. 37 or MGuerin@onconova.us. &#160;This Agreement is made pursuant to the Plan and is subject in its entirety to all applicable provisions of the Plan. &#160;Capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan. &#160; &#160;</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;white-space:nowrap;">1.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Grant of Option</u>. &#160;Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company has granted to the Participant a nonqualified stock option (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Option</u>&#8221;) to purchase the number shares of Common Stock set forth on the Stock Option Details page in Morgan Stanley Stock Plan Connect (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Shares</u>&#8221;) at the Exercise Price per Share set forth on the Stock Option Details page in Morgan Stanley Stock Plan Connect. &#160;The Option shall become exercisable according to Section 2 below. &#160;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;white-space:nowrap;">2.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Exercisability of Option</u>. &#160; </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font>The Option shall become vested and exercisable on the dates set forth on the Stock Option Details page in Morgan Stanley Stock Plan Connect (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Vesting Date</u>&#8221;), provided that the Participant continues to be employed by, or provide service to, the Employer from the Date of Grant until the applicable Vesting Date. </div><div style="font-family:'Times New Roman','Times','seri