EXHIBIT 10.25
INTELLIA THERAPEUTICS, INC.
SECOND AMENDED AND RESTATED RETIREMENT POLICY FOR EQUITY AWARDS
This Second Amended and Restated Retirement Policy for Equity Awards (the “Policy”) establishes the processes and procedures for Intellia Therapeutics, Inc. (the “Company” or “Intellia”) for the award of equity upon retirement. This Policy applies to all equity awards, including, without limitation, Options and RSUs (each defined below) granted to employees after July 1, 2022 (“Eligible Equity Awards”) and is intended to retain employees to achieve corporate objectives which align with the interests of stockholders and to also encourage employees to provide adequate notice of transition prior to retirement from the Company.
Employees must meet the following criteria to be eligible under this Policy:
Unvested Stock Options. Following the Retirement Date, all unvested Time-Based Awards in the form of Options shall continue to vest according to the vesting schedule contained in the applicable Award Agreement(s) until fully vested. Such awards have a Final Exercise Date of the earlier of the 5 (five) year anniversary of the Retirement Date or the original expiration date of the Option, as described in the applicable Award Agreement.
Vested Stock Options. A Retiree’s Final Exercise Date for all Options which have vested on or before the Retirement Date shall be the earlier of the 5 (five) year anniversary of the Retirement Date or the original expiration date of the Option, as described in the applicable Award Agreement.
