ARALEZ PHARMACEUTICALS INC. AMENDMENT TO RESTRICTED STOCK UNIT AWARD AGREEMENT
Exhibit 10.2
ARALEZ PHARMACEUTICALS INC.
AMENDMENT TO
RESTRICTED STOCK UNIT AWARD AGREEMENT
This Amendment (this “Amendment”) to the Restricted Stock Unit Award Agreement, dated as of May 11, 2017 (the “Agreement”), by and between Aralez Pharmaceuticals Inc. Inc. (the “Company”) and ▇▇▇▇▇ ▇▇▇▇▇ (the “Participant”), is dated as of June 7, 2017.
WHEREAS, the Company and the Participant are parties to the Letter Agreement and the Company’s compensation committee approved the amendments set forth herein on June 6, 2017; and
WHEREAS, the Company and the Participant now desire to amend the Agreement in order to amend expiration dates and vesting dates applicable to certain Awards granted pursuant to the Agreement.
NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto hereby agree as follows:
1. Capitalized Terms. Capitalized terms that are not defined in this Amendment shall have the meanings ascribed thereto in the Agreement.
2. Amendment to the Agreement. Section 2(a) of each Agreement is hereby amended and restated as follows:
“The Restricted Stock Units shall vest according to the vesting schedule set forth on the Summary of Grant (each applicable vesting date, a “Vesting Date”).”
3. Ratification and Confirmation. Except as specifically amended hereby, the Agreement is hereby ratified and confirmed in all respects and remains in full force and effect, it being the intention of the parties hereto that this Amendment and the Agreement be read, construed and interpreted as one and the same instrument. In the event of any conflict between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall control.
4. Affirmations of the Participant. By the Participant’s signature below, the Participant represents to and agrees with the Company that the Participant hereby accepts this Amendment subject to all of the terms and provisions hereof. The Participant has reviewed this Amendment in its entirety, has had an opportunity to obtain the advice of counsel prior to executing this Amendment and fully understands all of the provisions of this Amendment.
5. Confidentiality. The Participant hereby agrees to maintain the confidentiality of the Company’s confidential information and not to disparage the Company.
6. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New Jersey, without reference to principles of conflict of laws.
7. Headings. Section headings are for convenience only and shall not be considered a part of this Amendment.
8. Counterparts. This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement on June 7, 2017.
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By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇ |
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Name: |
▇▇▇▇▇▇ ▇▇▇▇▇ |
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Title: |
CEO |
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/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ |
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▇▇▇▇▇ ▇. ▇▇▇▇▇ |