PHARMACYCLICS, INC. NON-EMPLOYEE DIRECTORS OPTION ELECTION STOCK OPTION AGREEMENTStock Option Agreement • February 1st, 2005 • Pharmacyclics Inc • Pharmaceutical preparations • California
Pharmacyclics, Inc. (the "Corporation") has approved and implemented the 1995 Stock Option Plan (the "Plan") pursuant to which eligible non-employee members of the Corporation's Board of Directors (the "Board) are eligible to receive stock option grants in order to provide such individuals with a meaningful incentive to continue to serve as a member of the Board. Optionee is eligible as a non-employee Board member, and this Agreement is executed pursuant to, and is intended to carry out the purposes of, the Plan in connection with a grant of a stock option to purchase shares of the Corporation's common stock ("Common Stock") under the Plan. The granted option is intended to be a non-statutory option which does not meet the requirements of Section 422 of the Internal Revenue Code.
AMENDMENT TO STOCK OPTION AGREEMENTStock Option Agreement • February 1st, 2005 • Pharmacyclics Inc • Pharmaceutical preparations • Delaware
The remaining Paragraphs of the Appendix to the Agreement shall be renumbered appropriately to reflect the foregoing addition of New Paragraph C.
