Exhibit 10.2
[FORM FOR EXECUTIVE OFFICERS]
RESTRICTED STOCK AWARD NOTICE
AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.

      Grant Date   Number of Restricted Shares «Grant_Date»   «Restricted_Stock»

     1. Award Grant. This Notice certifies that, on the Grant Date set forth
above American Medical Systems Holdings, Inc., a Delaware corporation (the
“Company”), has granted to:
                                         (the “Participant”)
an award of restricted shares of the Company’s common stock, par value $.0l per
share, as set forth above (the “Restricted Shares”).
     2. Subject to Plan. The Restricted Shares have been granted under the
American Medical Systems Holdings, Inc. 2005 Stock Incentive Plan (As Amended
and Restated) (the “Plan”) and the terms of the Plan are incorporated herein by
reference. In the event of any conflict or inconsistency between this Notice and
the Plan, the provisions of the Plan shall control. All capitalized terms used
but not otherwise expressly defined in this Notice shall have the meaning
ascribed to them in the Plan.
     3. Risk of Forfeiture and Transferability Restrictions. The Participant’s
right to retain the Restricted Shares is subject to satisfaction of the vesting
conditions set forth herein. The Restricted Shares will vest and become
non-forfeitable, and the restrictions on transfer will lapse, on a cumulative
basis, as set forth in Exhibit A hereto, provided that the Participant is
employed or providing service to the Company or a Subsidiary on, and has been
continuously employed by or providing service to the Company or a Subsidiary
through, each such date. The Committee shall have the authority to modify the
vesting of any or all of the then-unvested Restricted Shares as and in the
manner set forth in the Plan. Prior to vesting on the terms and conditions
above, no right or interest of the Participant in the Restricted Shares will be
assignable or transferable, or subjected to any lien, during the lifetime of the
Participant, either voluntarily or involuntarily, directly or indirectly, by
operation of law or otherwise.
     4. Rights as a Stockholder. Except as provided in Sections 3 above, the
Participant will have all voting, dividend, liquidation and other rights with
respect to the Restricted Shares upon the Participant becoming the holder of
record of such shares as if the Participant were a holder of record of shares of
unrestricted Common Stock; provided, however, that any dividends or
distributions (other than regular quarterly cash dividends) paid with respect to
any unvested portion of the Restricted Shares will be subject to the same
restrictions as the Restricted Shares to which such dividends or distributions
relate. No interest will be paid on such dividends or distributions.

 

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     5. Termination of Employment or Service. Subject to the authority of the
Committee under Section 12.4 of the Plan and to Sections 6 and 7, below:
          (a) Except as provided in Section 5(b), if the Participant’s
employment or other service with the Company and all Subsidiaries terminates,
for any reason, all Restricted Shares unvested at the time of termination will
be terminated and forfeited.
          (b) Change in Control. If (i) the Company terminates the Participant’s
employment with the Company and all Subsidiaries for any reason other than for
Cause, or the Participant terminates the Participant’s employment with the
Company and all Subsidiaries for Good Reason, and (ii) the termination occurs
either within the period beginning on the date of a Change in Control and ending
on the last day of the first full calendar month following the first anniversary
date of the Change in Control or prior to a Change in Control if the
Participant’s termination of employment was either a condition of the Change in
Control or was at the request or insistence of a third party related to the
Change in Control, then all unvested Restricted Shares shall immediately fully
vest and be non-forfeitable as of the date of such termination. If the Company
and the Participant have entered into a change in control severance agreement,
then for purposes of this Section 5(b) the terms “Cause” and “Good Reason” shall
be as defined in the change in control severance agreement. Further, any
inconsistency between this Notice, the Plan and the change in control severance
agreement shall be controlled by this Notice.
     6. Effects of Actions Constituting Cause. Notwithstanding anything in this
Notice or the Plan to the contrary, in the event that the Participant is
determined by the Committee, acting in its sole discretion, to have committed
any action which would constitute Cause, irrespective of whether such action or
the Committee’s determination occurs before or after termination of such
Participant’s employment or other service with the Company or any Subsidiary,
this Notice and all rights of the Participant under this Notice and the Plan
shall terminate and be forfeited without notice of any kind. The Committee may
defer the vesting of Restricted Shares hereunder for a period of up to
forty-five (45) days in order for the Committee to make any determination as to
the existence of Cause. For purposes of this Section 6, the term “Cause” shall
be as defined in the American Medical Systems, Inc. Executive Severance Pay
Plan.
     7. Breach of Confidentiality, Non-Compete or Non-Solicitation.
Notwithstanding anything in this Notice or the Plan to the contrary, in the
event that the Participant materially breaches the terms of any confidentiality,
non-compete or non-solicitation agreement entered into with the Company or any
Subsidiary, whether such breach occurs before or after termination of the
Participant’s employment or other service with the Company or any Subsidiary,
the Committee in its sole discretion may require the Participant to surrender
Restricted Shares, vested or unvested, and to disgorge any profits made or
realized, in connection with the Restricted Shares.
     8. Participant. Whenever the word “Participant” is used in any provision of
this Notice under circumstances where the provision should logically be
construed to apply to the executors, the administrators, legal representatives
or the person or persons to whom the Restricted Shares may be transferred by
will or by the laws of descent and distribution, the word “Participant” shall be
deemed to include such person or persons.

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     9. Binding Effect. This Notice shall be binding upon the heirs, executors,
administrators, successors and permitted assigns of the parties hereto.

              Dated:   AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.    
 
           
 
  By:        
 
           
 
      Anthony P. Bihl    
 
      President and Chief Executive Officer    

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