LYRA THERAPEUTICS, INC.
2020 INCENTIVE AWARD PLAN
PERFORMANCE based RESTRICTED STOCK Unit Grant Notice
Capitalized terms not specifically defined in this Performance Based Restricted Stock Unit Grant Notice (the “Grant Notice”) have the meanings given to them in the 2020 Incentive Award Plan (as amended from time to time, the “Plan”) of Lyra Therapeutics, Inc. (the “Company”).
The Company has granted to the participant listed below (“Participant”) the performance based Restricted Stock Units described in this Grant Notice (the “PSUs”), subject to the terms and conditions of the Plan and the Performance Based Restricted Stock Unit Agreement attached as Exhibit A (the “Agreement”), both of which are incorporated into this Grant Notice by reference.
Participant: | Harlan Waksal, M.D. |
Grant Date: | March 21, 2024 |
Total Number of PSUs: | 385,000 |
Vesting Commencement Date | January 31, 2024 |
Vesting Schedule: | Any Earned PSUs (as defined in the Agreement) shall become vested on the fourth anniversary of the vesting commencement date set forth above (the “Vesting Commencement Date”), subject to Participant remaining a Service Provider through such date and the terms of the Agreement (including Schedule I thereto). |
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By Participant’s signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement. Participant has reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this Grant Notice or the Agreement.
LYRA THERAPEUTICS, INC. | PARTICIPANT | ||
By: | /s/ Jim Tobin | /s/ Harlan Waksal, M.D. | |
Name: | Jim Tobin | Harlan Waksal, M.D. | |
Title: | Chair, Compensation Committee of the Board of Directors |
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PERFORMANCE BASED RESTRICTED STOCK UNIT AGREEMENT
Capitalized terms not specifically defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan.
general
VESTING; forfeiture AND SETTLEMENT
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TAXATION AND TAX WITHHOLDING
I-2
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other provisions
I-3
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I-4
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