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ECYT > SEC Filings for ECYT > Form 8-K on 10-Feb-2014All Recent SEC Filings

Show all filings for ENDOCYTE INC

Form 8-K for ENDOCYTE INC


10-Feb-2014

Change in Directors or Principal Officers, Financial Statements and Exhibits


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS, COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On February 6, 2014, the Compensation Committee (the "Committee") of the Board of Directors of Endocyte, Inc. (the "Company") adopted a form of award agreement to be used for grants of time-based restricted stock units ("RSUs") to the Company's employees, including the executive officers discussed below, under the Company's 2010 Equity Incentive Plan (the "Plan").

The form of award agreement provides that the RSUs will become fully vested in one or more time-based installments in accordance with the vesting schedule set forth therein.

In the event that the Company experiences a Change in Control (as defined in the Plan) prior to the RSUs becoming vested, the unvested RSUs will be considered fully vested and earned immediately prior to consummation of such Change in Control.

In the event any award recipient under the RSU agreement ceases to be a Service Provider (as defined in the Plan) for any reason, all RSUs that are unvested as of the date that Participant ceases to be a Service Provider shall be cancelled and forfeited to the Company immediately after the Participant ceases to be a Service Provider.

RSU Awards to Named Executive Officers

On February 6, 2014, the Committee granted 52,500 time-based RSUs to the Company's named executive officers.

Form of Time-Based RSU Award Agreement

The form of the Endocyte, Inc. 2010 Equity Incentive Plan Time-Based Restricted Stock Unit Award Agreement is attached hereto as Exhibit 10.1 and incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

10.1 Form of Endocyte, Inc. 2010 Equity Incentive Plan Time-Based Restricted Stock Unit Award Agreement

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