EXHIBIT 10.53
AMENDMENT TO
CORVAS INTERNATIONAL, INC.
2000 EQUITY INCENTIVE PLAN
APPROVED BY THE BOARD OF DIRECTORS FEBRUARY 24, 2003
WHEREAS, Corvas International, Inc. (the "Company") previously adopted
the Corvas International, Inc. 2000 Equity Incentive Plan (the "Plan"); and
WHEREAS, Section 13 of the Plan provides that the Plan may be amended
by the Board of Directors of the Company and that the provisions relating to
Options granted to Directors who are not Employees may be amended once every six
months.
NOW, THEREFORE, the Plan is amended as follows:
1. Section 7 of the Plan is amended to add the following additional
paragraph to the end of Section 7:
"(f) Notwithstanding Section 7(e) of the Plan or any other
provision of the Plan or any relevant Option Agreement, the Options to purchase
an aggregate of 48,000 shares of Common Stock granted on January 2, 2003 to the
Directors who are not Employees, in the amounts and with the exercise price set
forth on EXHIBIT A attached hereto shall become fully vested and exercisable on
the closing of a corporate transaction described in Section 12(c) of the Plan."
EXHIBIT A
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NAME GRANT DATE GRANT TYPE OPTIONS GRANTED OPTION PRICE
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Susan B. Bayh 1/2/2003 Non-Qualified 8,000 $1.338800
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M. Blake Ingle 1/2/2003 Non-Qualified 8,000 $1.338800
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J. Stuart Mackintosh 1/2/2003 Non-Qualified 8,000 $1.338800
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Burton E. Sobel 1/2/2003 Non-Qualified 8,000 $1.338800
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Michael Sorell 1/2/2003 Non-Qualified 8,000 $1.338800
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Nicole Vitullo 1/2/2003 Non-Qualified 8,000 $1.338800
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