ContractNon-Qualified Stock Option Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020EX-10.3 4 ex10_3.htm FORM OF CHIEF EXECUTIVE OFFICER NON-QUALIFIED STOCK OPTION AGREEMENT EXHIBIT 10.3 EPAM SYSTEMS, INC. 2012 LONG-TERM INCENTIVE PLAN FORM OF CHIEF EXECUTIVE OFFICER NON-QUALIFIED STOCK OPTION AGREEMENT 1. Grant of Option. EPAM Systems, Inc., a Delaware corporation (the “Company”), hereby grants to «Grantee» (“Participant”), on «Date» (the “Grant Date”), an option (the “Option”) to purchase «Number of shares underlying option» shares of Common Stock (the “Shares”), at an exercise price of $«Fair Market Value of Share as of the Grant Date» per Share (the “Exercise Price”) subject to the terms, definitions and provisions of the EPAM Systems, Inc. 2012 Long-Term Incentive Plan (the “Plan”) adopted by the Company, which is incorporated in this Agreement by reference, and the terms and conditions of this Agreement. The Option is intended to be a Non-Qualified Stock Option, and is not intended to be an Incentive Stock Option. Unless otherwise defined in this Agreement, the
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