Stock Option Award Certificate

Option Agreement

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This Option Agreement involves

ALKERMES INC

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Title: Stock Option Award Certificate
Date: 10/17/2008
Industry: Biotechnology and Drugs Sector: Healthcare

Stock Option Award Certificate, Parties: alkermes inc

Exhibit 10.1


Stock Option Award Certificate
(NON-QUALIFIED OPTION)		ID: XXXXXXXX
		88 Sidney Street
		Cambridge, MA 02139


«FIRST_NAME» «MIDDLE_NAME» «LAST_NAME»	Option Number:	«NUM»
«ADDRESS_LINE_1»	Plan:	«PLAN_NAME»
«ADDRESS_LINE_2»
«ADDRESS_LINE_3»
«CITY», «STATE» «ZIP_CODE»	ID:	«ID»

Effective «GRANT_DATE», you have been granted a non-qualified Option to buy «SHARES_GRANTED» shares of Alkermes, Inc. (the “Company”) common stock at «OPTION_PRICE» per share.

The total option price of the shares granted is «TOTAL_OPTION_PRICE».

Shares in each period will become fully vested on the date shown.


Shares	Vest Date	Expiration
«SHARES_PERIOD_1»
«SHARES_PERIOD_2»
«SHARES_PERIOD_3»
«SHARES_PERIOD_4»

In the event of the termination of your employment wit

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