Common use of Notice Of Option Exercise Clause in Contracts

Notice Of Option Exercise. Dear Xx. Xxxxx: This letter is notice of my decision to exercise the option that was granted to me on __________________. The exercise will be effective on _________________ . I am exercising the option for ________________ shares of Common Stock. Enclosed is my check for $ __________, which is the aggregate option price for the number of shares for which I am exercising the option. Please issue the certificate according to the following instructions: Name/entity stock certificate issued to: (If entity is a trust, please include date trust was established) Address to send stock certificate: Sincerely, ____________________ Accepted by: Date: Note: The date of exercise cannot be earlier than the date of delivery of this notice or the postmark, if the notice is mailed. Name of Grantee: XX. XXXX XXXXX Number of Restricted Stock Units: 558,000 Grant Date: JANUARY 31, 2011 Pursuant to the Insmed Incorporated Amended and Restated 2000 Stock Incentive Plan (the “Plan”) as amended through the date hereof, Insmed Incorporated (the “Company”) hereby grants an award of 558,000 restricted stock units (the “Restricted Stock Units” or the “RSU Award”) to the Grantee named above. The RSU Award shall be referred to herein as the “Award.” Upon acceptance of this Award, the Grantee shall receive the number of Restricted Stock Units specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.

Notice Of Option Exercise. Dear Xx. Xxxxx: This letter is notice of my decision to exercise the option that was granted to me on __________________. The exercise will be effective on _________________ . I am exercising the option for ________________ shares of Common Stock. Enclosed is my check for $ __________, which is the aggregate option price for the number of shares for which I am exercising the option. Please issue the certificate according to the following instructions: Name/entity stock certificate issued to: (If entity is a trust, please include date trust was established) Address to send stock certificate: Sincerely, ____________________ Accepted by: Date: Note: The date of exercise cannot be earlier than the date of delivery of this notice or the postmark, if the notice is mailed. Name of Grantee: XX. XXXX XXXXX XXXXXXX XXXXXXX Number of Restricted Stock Units: 558,000 1,302,000 Grant Date: JANUARY 31, 2011 Pursuant to the Insmed Incorporated Amended and Restated 2000 Stock Incentive Plan (the “Plan”) as amended through the date hereof, Insmed Incorporated (the “Company”) hereby grants an award of 558,000 1,302,000 restricted stock units (the “Restricted Stock Units” or the “RSU Award”) to the Grantee named above. The RSU Award shall be referred to herein as the “Award.” Upon acceptance of this Award, the Grantee shall receive the number of Restricted Stock Units specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.

Notice Of Option Exercise. Dear Xx. Xxxxx: This letter is notice of my decision to exercise the option that was granted to me on __________________. The exercise will be effective on _________________ . I am exercising the option for ________________ shares of Common Stock. Enclosed is my check for $ __________, which is the aggregate option price for the number of shares for which I am exercising the option. Please issue the certificate according to the following instructions: Name/entity stock certificate issued to: (If entity is a trust, please include date trust was established) Address to send stock certificate: Sincerely, ____________________ Accepted by: Date: Note: The date of exercise cannot be earlier than the date of delivery of this notice or the postmark, if the notice is mailed. Name of Grantee: XX. XXXX XXXXX XXXXXXXX XXXXXXX Number of Restricted Stock Units: 558,000 434,000 Grant Date: JANUARY 31, 2011 Pursuant to the Insmed Incorporated Amended and Restated 2000 Stock Incentive Plan (the “Plan”) as amended through the date hereof, Insmed Incorporated (the “Company”) hereby grants an award of 558,000 434,000 restricted stock units (the “Restricted Stock Units” or the “RSU Award”) to the Grantee named above. The RSU Award shall be referred to herein as the “Award.” Upon acceptance of this Award, the Grantee shall receive the number of Restricted Stock Units specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.

Notice Of Option Exercise. Dear Xx. Xxxxx: This letter is notice of my decision to exercise the option that was granted to me on __________________. The exercise will be effective on _________________ . I am exercising the option for ________________ shares of Common Stock. Enclosed is my check for $ __________, which is the aggregate option price for the number of shares for which I am exercising the option. Please issue the certificate according to the following instructions: Name/entity stock certificate issued to: (If entity is a trust, please include date trust was established) Address to send stock certificate: Sincerely, ____________________ Accepted by: Date: Note: The date of exercise cannot be earlier than the date of delivery of this notice or the postmark, if the notice is mailed. Name of Grantee: XX. XXXX XXXXX XXXXX Number of Restricted Stock Units: 558,000 Grant Date: JANUARY 31, 2011 Pursuant to the Insmed Incorporated Amended and Restated 2000 Stock Incentive Plan (the “Plan”) as amended through the date hereof, Insmed Incorporated (the “Company”) hereby grants an award of 558,000 restricted stock units (the “Restricted Stock Units” or the “RSU Award”) to the Grantee named above. The RSU Award shall be referred to herein as the “Award.” Upon acceptance of this Award, the Grantee shall receive the number of Restricted Stock Units specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.