Contingent Order

This Employment Agreement this Agreement is entered into between Sequenom, Inc. Employee , on May 31, In consideration of, and as a condition of Employees employment by the Company, and of the compensation to be paid to Employee by the Company, and in recognition of the fact that Employee will have access to the Companys confidential, proprietary, and trade secret information, the Company and Employee agrees to the terms and conditions set forth in this Agreement as follows:.

Such additional stock options, if granted, shall have an exercise price equal to the fair market value of the Common Stock on the date of such closing, as determined by the Board. Such additional stock options, if granted, shall have a 10 year term and vest as described in the individual grant option agreement twenty-five percent after one year of employment from the date of grant, and the balance in 36 equal monthly installments thereafter so long as Employee remains employed by the Company , subject to acceleration as set forth below.

In addition, Employee will be permitted to exercise such stock options for up to one year following termination of his employment by the Company but in any event no later than the end of the maximum permitted term of the option.

Such additional stock options shall not vest during the Consulting Period or any other time that Employee is not employed by the Company.

Contingent Stock Options Clause Uses in Employment Agreement

The other terms and conditions of such stock options shall be governed by the Option Plan and the individual stock option agreements. All contents of the lawinsider.

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