ALKERMES INC
EX-10.4 ALKERMES, INC. STOCK OPTION AWARD CERTIFICATE (NON-EMPLOYEE DIRECTOR)
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<DESCRIPTION>EX-10.4 ALKERMES, INC. STOCK OPTION AWARD CERTIFICATE (NON-EMPLOYEE DIRECTOR)
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 10.4</B>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR><B>Stock Option Award Certificate</B><BR>
(NON-EMPLOYEE DIRECTOR)
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="b72484aib7248401.gif" alt="(ALKERMES LOGO)"><BR>
ID: XXXXXXXX<BR>
88 Sidney Street<BR>
Cambridge, MA 02139</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#171;FIRST_NAME&#187; &#171;MIDDLE_NAME&#187; &#171;LAST_NAME&#187;<br>
&#171;ADDRESS_LINE1&#187;<br>
&#171;ADDRESS_LINE2&#187;<br>
&#171;ADDRESS_LINE3&#187;<br>
&#171;CITY&#187;, &#171;STATE&#187; &#171;ZIP_CODE&#187;</B>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Option Number:<br>
Plan:</B><br>
<br>
<br>
<B>ID:</B>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#171;NUM&#187;<br>
&#171;PLAN_NAME&#187;</B><br>
<br>
<br>
<B>&#171;ID&#187;</B></TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Effective &#171;GRANT_DATE&#187;, you have been granted a non-qualified Option to buy &#171;SHARES_GRANTED&#187; shares
of Alkermes, Inc. (the &#147;Company&#148;) common stock at &#171;OPTION_PRICE&#187; per share.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The total option price of the shares granted is &#171;TOTAL_OPTION_PRICE&#187;.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The right to acquire the shares subject to the Option will become fully vested on the date shown
below. The Option shall expire on the 10<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> anniversary of the date of grant (unless
otherwise provided below).
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    <TD nowrap align="right" style="border-bottom: 1px solid #000000">Shares</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Vest Date</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#171;SHARES&#187;</DIV></TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event of the termination of your service relationship with the Company, the Option shall
vest and be exercisable in full on such termination of service relationship and the period during
which the Option (to the extent that it is exercisable on the date of termination of the service
relationship) may be exercised shall be three (3)&nbsp;years following the date of termination of the
service relationship, but not beyond the original term of the Option.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing Option has been granted under and is governed by the terms and conditions of this
Certificate and the Alkermes 2008 Stock Option and Incentive Plan.
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Alkermes, Inc.
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    <TD>&nbsp;</TD>
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Date
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