2014 STOCK PLAN
STOCK INCENTIVE AWARD AGREEMENT
This Stock Incentive Award Agreement (the Agreement) is effective as of , between AveXis, Inc., a Delaware corporation formerly known as BioLife Cell Bank, Inc. (the Company), and (the Participant).
WHEREAS, the Company has established the 2014 Stock Plan (the Plan), pursuant to which the Company may, from time to time, make grants of Restricted Stock and Options to eligible employees and other individuals providing services to the Company or any affiliate of the Company (an Affiliate); and
WHEREAS, in consideration for the Participants service to the Company and/or an Affiliate, the Company hereby grants to the Participant certain stock incentive awards consisting of [shares of Restricted Stock and Options] (the Awards) pursuant to the terms and conditions of the Plan and this Agreement;
NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements hereinafter set forth, the parties hereby agree as follows:
1. Restricted Stock Award. Subject
to the terms and conditions set forth in this Agreement and the Plan, effective as of (the Grant Date), the Company grants to the Participant ( ) shares of Restricted Stock, provided that such Award of Restricted Stock shall be subject to the terms below.
(a) Vesting. Subject to the Participants continued service with the Company or an Affiliate through the applicable vesting date, the Restricted Stock shall vest in accordance with the following schedule: [(i) one-fourth of the Restricted Stock shall vest on the first anniversary of the Grant Date, (ii) an additional one-fourth of the Restricted Stock shall vest on the second anniversary of the Grant Date, (iii) an additional one-fourth of the Restricted Stock shall vest on the third anniversary of the Grant Date, and (iv) the remaining one-fourth of the Restricted Stock shall vest on the fourth anniversary of the Grant Date.](1) If the application of this vesting schedule would result in the Participant vesting in a fraction of a share, such fractional share shall be rounded down to the next whole share, with such fraction carried forward to the next applicable period of this vesting schedule, if any.
(1) You may change the timeframe for vesting and/or substitute time vesting for performance vesting or a combination of both time and performance vesting.