DECODE GENETICS, INC.
2002 EQUITY INCENTIVE PLAN
ADOPTED JUNE 25, 2002
APPROVED BY THE STOCKHOLDERS AUGUST 30, 2002
The purpose of the plan is to promote long-term growth and profitability of the Company and its affiliates by
providing a means by which selected Employees and Directors of and Consultants to the Company, and its
Affiliates, may be given an opportunity to benefit from increases in value of the Stock of the Company through the
granting of (i) Incentive Stock Options,
(ii) Nonqualified Stock Options, (iii) Stock Bonuses, and (iv) rights to purchase Restricted Stock, all as defined
The Company, by means of the Plan, seeks to retain the services of persons who are now Employees or
Directors or Consultants to the Company or its Affiliates, to secure and retain the services of new Employees,
Directors and Consultants, and to provide incentives for such persons to exert maximum efforts for the success of
the Company and its Affiliates.
(A) "ADMINISTRATOR" means the Board or a Committee or subcommittee to which the Board or a
Committee delegates the administration of the Plan as provided in subsection 3(c).
(B) "AFFILIATE" means any parent corporation or subsidiary corporation of the Company, whether now or
hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code.
(C) "BOARD OF DIRECTORS" AND "BOARD" mean the board of directors of the Company.
(D) "CAUSE" for purposes of the Plan, shall have the same meaning ascribed to it in a person's employment,
consulting or other agreement with the Company; or in the absence thereof shall mean: (a) gross or habitual failure
to perform the person's assigned duties that is not corrected within fifteen (15) days of written notice to such
person thereof; or (b) misconduct, including, but not limited to: (i) conviction of a crime, or entry of a plea of nolo
contendere with regard to a crime, involving moral turpitude or dishonesty, (ii) illega