Exhibit 10.12
FIRST AMENDMENT TO
ICU MEDICAL, INC. AMENDED AND RESTATED
2011 STOCK INCENTIVE PLAN

THIS FIRST AMENDMENT TO THE ICU MEDICAL, INC. AMENDED AND RESTATED 2011 STOCK
INCENTIVE PLAN (this “First Amendment”), dated as of December 31, 2019, is made
and adopted by the Board of Directors (the “Board”) of ICU Medical, Inc., a
Delaware corporation (the “Corporation”). Capitalized terms used but not
otherwise defined herein shall have the respective meanings ascribed to them in
the Plan (as defined below).

RECITALS

WHEREAS, the Corporation maintains the ICU Medical, Inc. Amended and Restated
2011 Stock Incentive Plan (the “Plan”);

WHEREAS, pursuant to Section 13(a) of the Plan, the Board may at any time amend
the Plan; and

WHEREAS, the Corporation desires to amend the Plan as set forth herein.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as set forth
herein.

AMENDMENT

1.
The last sentence of Section 7(c) of the Plan is hereby amended and restated in
its entirety as follows:

“Upon exercise or vesting of an Award, the Company shall withhold or collect
from the Grantee an amount sufficient to satisfy such tax obligations,
including, but not limited to, by surrender of the whole number of Shares which
have a Fair Market Value on the date of repurchase no greater than the aggregate
amount of such liabilities based on the maximum applicable statutory tax
withholding rates incident to the exercise or vesting of an Award (reduced to
the lowest whole number of Shares if such number of Shares withheld would result
in withholding a fractional Share with any remaining tax withholding settled in
cash).”
2.
This First Amendment shall be and is hereby incorporated in and forms a part of
the Plan.

3.
Except as expressly provided herein, all terms and provisions of the Plan shall
remain in full force and effect.

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I hereby certify that the foregoing First Amendment was duly adopted by the
Board of Directors of ICU Medical, Inc. on December 31, 2019.

Executed on this 31st day of December, 2019.

/s/ Scott Lamb                    
Scott Lamb
CFO & Treasurer