Nonstatutory Inducement Stock Option Agreement Sample Contracts

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PDL BioPharma, Inc. Nonstatutory Inducement Stock Option Agreement (Amended 11/15/19)
Nonstatutory Inducement Stock Option Agreement • March 11th, 2020 • PDL Biopharma, Inc. • Biological products, (no disgnostic substances) • Delaware

PDL BioPharma, Inc., has granted to Participant named in the Nonstatutory Inducement Stock Option Grant Notice (the “Notice”) to which this Nonstatutory Inducement Stock Option Agreement (this “Agreement”) is attached an option (the “Option”) to purchase certain shares of Common Stock upon the terms and conditions set forth in the Notice and this Agreement. By signing the Notice, the Participant: (a) acknowledges receipt of and represents that Participant has read and is familiar with the Notice and this Agreement and the current prospectus under the registration statement filed with the Securities and Exchange Commission (the “Prospectus”) which covers the Option, (b) accepts the Award subject to all of the terms and conditions of the Notice and this Agreement and (c) agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Notice and this Agreement.

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