Exhibit
10.10
We are pleased to inform you that on
(the “Grant Date”), pursuant to the Unigene
Laboratories, Inc. 2006 Stock-Based Incentive Compensation Plan
(the “Plan”), the Compensation Committee of the Board
of Directors (the “Committee”) of Unigene Laboratories,
Inc. (the “Company”) granted you
shares of the Company’s common stock, par value $0.01,
(hereinafter either the “Restricted Stock” or
“Award”), subject to the restrictions set forth
below.
This Award is subject to the
applicable terms and conditions of the Plan, which are incorporated
herein by reference, and in the event of any contradiction,
distinction or difference between this letter and the terms of the
Plan, the terms of the Plan will control. Unless otherwise stated,
all capitalized terms used herein have the meanings set forth in
the Plan. By accepting this Award you (i) acknowledge that you
have received and read a copy of the Plan and understand its terms
and (ii) acknowledge that with respect to this Award and the
Restricted Stock, you are bound by the terms of the
Plan.
Subject to your continued employment
with the Company the restrictions applicable to your Restricted
Stock will lapse on
,
the anniversary of
the Grant Date. Once vested, the Restricted Stock will be
transferable, without consideration, to immediate family members
(i.e., children, grandchildren or spouse), to trusts for the
benefit of such immediate family members and to partnerships in
which such family members are the only partner.
Should your employment with the
Company terminate for any reason (including by reason of death or
disability) before any portion of your Award vests, then that
portion of your Award shall be forfeited with no further
compensation due to you. Finally, if you are terminated by the
Company for Cause, your entire Award, regardless of whether any or
all of the shares of Restricted Stock th
