EXHIBIT 10.35

RESTRICTED STOCK AGREEMENT
EXECUTIVE OFFICER
 
THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is made on this 13th day of
February, 2014 between Symmetry Medical Inc., a Delaware corporation (the
“Company”), and _______________ (“Grantee”).
 
WHEREAS, the Grantee is an executive officer of the Company whose continued
employment and high achievement have the ability to impact the Company’s
performance; and
 
WHEREAS, the grant shares of restricted stock pursuant to the Company’s Amended
and Restated 2004 Equity Incentive Plan, as amended from time to time by the
Company’s shareholders (the “Plan”) to the Grantee under the terms hereof has
been approved by the Company’s Compensation Committee (the “Committee”).
 
NOW, THEREFORE, pursuant to the Plan, the Company hereby grants to Grantee
____________ shares of Common Stock, par value $.0001, (“Common Stock”) of the
Company (this grant in whole or in part is collectively referred to herein as
the “Restricted Shares”), subject to the terms and conditions of the Plan and
this Agreement.

1)
Definitions.

(a)
All capitalized terms used herein and not otherwise defined herein shall have
the meanings assigned to them in the Plan.

(b)
“Peer Group” shall mean: the companies identified in the Company’s proxy
statement as peer group companies.

2)
Earning Shares; Performance Criteria. The Restricted Shares shall be earned, in
whole or in part, in 2014 based on the extent to which the equally weighted
criteria set forth below (the “Performance Criteria”) are met during 2014:

INSERT PERFORMANCE CRITERIA

The total earned may also be modified based on your individual performance
against annual objectives, as approved by the Board of Directors in early 2015.
In or around early 2015, after the calculations set forth above are finalized
and the Board has approved the amount, if any, of the Restricted Shares that
have been earned hereunder, the Grantee shall forfeit any Restricted Shares that
were granted hereunder in excess of the amount earned; should the amount earned
exceed the Restricted Shares then the Company shall issue to Grantee sufficient
additional Restricted Shares to equal the additional value earned, as a
percentage of salary, with the number of additional shares to be issued
determined based on the closing price on the date of the Board’s determination
hereunder.

Any additional Restricted Shares issued hereunder shall be deemed to be
Restricted Shares subject to all other terms and conditions hereof.

3)
Restrictions on Transfer of Shares.

(a)
The Restricted Shares may not be sold, assigned, transferred, conveyed, pledged,
exchanged or otherwise encumbered or disposed of (each, a “Transfer”) by the
Grantee, except to the Company, unless and until they have become nonforfeitable
as provided herein. Any purported encumbrance or disposition in violation of the
provisions of this Section 3 shall be void AB INITIO, and the recipient of any
Restricted Shares transferred in contravention hereof shall not obtain any
rights to or interest in the Restricted Shares. Notwithstanding the foregoing,
Grantee may not Transfer Restricted Shares which have become nonforfeitable as
provided in Sections 4 and 5 hereof unless and until the Restricted Shares are
registered pursuant to the Securities Act of 1933 (the “Securities Act”),

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are sold under Rule 144 promulgated under the Securities Act or unless the
Restricted Shares are not required to be registered under the Securities Act or
the Transfer of the Restricted Shares is not subject to Rule 144.
        
(b)
Any Grantee who is also an Executive Officer of the Company, and who is included
in the Summary Compensation Table of the Company’s Proxy Statement for the
annual meeting of shareholders immediately preceding the Vesting Date, agrees
not to Transfer the Restricted Shares for six (6) months following the Vesting
Date. Any purported Transfer in violation of the provisions of this Section
shall be void AB INITIO, and the recipient of any Restricted Shares transferred
in contravention hereof shall not obtain any rights to or interest in the
Restricted Shares.

(c)
The Restricted Shares and the Plan and this Agreement are not intended to be,
nor shall they be construed as an “incentive plan” or other similar plan as that
term is used or otherwise referenced in any Severance Agreement and it is not
intended that the Restricted Shares be a component (in whole or in part) of any
severance payment or obligation.

 
4.     Vesting of Shares.
 
(a)  Subject to Section 5 hereof, the Restricted Shares, shall vest and become
nonforfeitable if the Grantee remains an employee of the Company through
December 21, 2016.
  
(b) Notwithstanding the provisions of Section 4(a) above, in connection with a
Change in Control, the provisions set forth in Section 13 of the Plan shall
govern with respect to the acceleration of the vesting of the Restricted Shares.
 
5.     Forfeiture of Shares. If the Grantee ceases to be an employee of the
Company due to death or Disability during any period of restriction, any
non-vested Restricted Shares shall immediately vest and all restrictions on the
Restricted Shares shall lapse and certificate(s) representing such Restricted
Shares shall be delivered by the Company reasonably promptly thereafter. If the
Grantee ceases to be an employee of the Company for any other reason, any
non-vested Restricted Shares shall be forfeited by the Grantee and the
certificate(s) representing the non-vested portion of the Restricted Shares so
forfeited shall be canceled.
 
6.     Dividend, Voting and Other Rights. Except as otherwise provided in this
Agreement, the Grantee shall have all of the rights of a stockholder with
respect to the Restricted Shares, including the right to vote the Restricted
Shares and receive any dividends that may be paid thereto, provided, however,
that any additional Common Stock or other securities that the Grantee may become
entitled to receive as a result of his/her ownership of the Restricted Shares
pursuant to a stock dividend, stock split, recapitalization, combination of
shares, merger, consolidation, separation or reorganization or any other change
in the capital structure of the Company shall be subject to the same risk of
forfeiture, certificate delivery provisions and restrictions on transfer as the
Restricted Shares in respect of which they are issued or transferred and shall
become Restricted Shares for the purposes of this Agreement. Cash dividends
declared shall accumulate unpaid and be subject to the same risk of forfeiture,
certificate delivery provisions and restrictions on transfer as the forfeitable
Restricted Shares as set forth in Sections 4 and 5 until such time as the
Restricted Shares vest. Such dividends are not intended to be subject to IRS
Code Section 409A and are intended to meet the short term deferral rule. Cash
dividends will be paid to Grantee at the date of the Restricted Shares’ vesting
pursuant to Sections 4 and 5.
 
7.     Retention of Stock Certificate(s) by the Company. The
certificate(s) representing the Restricted Shares shall be held in custody by
the Company or in book format by its transfer agent until such shares have
become nonforfeitable in accordance with Sections 4 and 5.
 
8.     Compliance with Laws. The Company shall make reasonable efforts to comply
with all applicable federal and state securities laws, provided, however,
notwithstanding any other provision of this Agreement, the Company shall not be
obligated to issue or release from restrictions on transfer any Restricted
Shares pursuant to this Agreement if such issuance or release would result in a
violation of any such law.
 

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9.     Withholding Taxes. If the Company shall be required to withhold any
federal, state, local or foreign tax in connection with any issuance or vesting
of Restricted Shares pursuant to this Agreement, the Grantee shall provide the
Company with full and complete payment for any such obligations or estimated
obligations, as calculated by Company in its sole discretion. The Grantee may
elect to satisfy all or any part of any such withholding obligation by
surrendering to the Company a portion of the Restricted Shares that become
nonforfeitable hereunder, and the Restricted Shares so surrendered by the
Grantee shall be credited against any such withholding obligation at the average
of the Fair Market Value of the Restricted Shares over the five trading days
immediately preceding the date they are tendered to the Company to satisfy any
withholding obligations. All withholding obligations of the Company’s Grantee
Officers shall be satisfied prior to or on the Vesting Date.

10.     Covenants Not To Compete. In consideration for the Restricted Shares,
during Grantee's employment with the Company and for a period of twelve (12)
months immediately after the termination of employment, regardless of the reason
for that termination, Grantee will not, directly or indirectly, without the
prior written consent of the Board of Directors (which consent will not be
unreasonably withheld):
(a)
accept employment with, or perform any services for any Competitor of the
Company. For the purposes of this Section 9(a), the term "Competitor" means a
company that manufactures, markets, produces or sells products or services that
compete in the marketplace with products or services that the Company provides
at the time Grantee's employment ends;

(b)
accept employment with or perform any services for any of the Company's
customers with whom Grantee had contact within the last twelve (12) months of
his employment, if doing so would in any way reduce the level of business the
customer does with the Company or otherwise adversely affect the Company's
business relationship with the customer;

(c)
accept employment with or perform any services for any Competitor anywhere
within the Restricted Geographic Area in the same or similar capacity or
function to that in which Grantee worked for the Company or in any other
capacity in which Grantee's knowledge of the Company's confidential information
or the customer goodwill Grantee helped to develop on behalf of the Company
would facilitate or support Grantee's work. For purposes of this Agreement, the
term "Restricted Geographic Area" means (i) each and every State of the United
States of America in which the Company is manufacturing or selling any of its
products or services at the time Grantee's employment ends; and (ii) each and
every country in which the Company is manufacturing or selling any of its
products and services at the time Grantee's employment ends. However, if the
Competitor has separate divisions, business units or segments, some of which are
not competitive with the business of the Company, nothing herein shall prohibit
Grantee from being employed by or working for only that segment of the business
that is not competitive with the business of the Company, provided Grantee's
work does not involve any products or services that compete with the Company's
products and services;

(d)
urge, induce or seek to induce any of the Company's customers to reduce or
terminate their business with the Company or in any manner interfere with the
Company's business relationships with its customers;

(e)
urge, induce or seek to induce any of the Company's customers with whom Grantee
had contact during the last twelve (12) months of his employment with the
Company, to reduce or terminate their business with the Company or in any manner
interfere with the Company's business relationships with its customers;

(f)
acquire or maintain an ownership interest in any Competitor, except passive
ownership of up to two percent (2%) of any publicly traded securities;

(g)
either on his own account or for any other person, firm or company solicit,
hire, employ or attempt to solicit, hire or employ, or endeavor to cause any
employee of the Company to leave his employment, or to induce or attempt to
induce any such employee to breach any employment agreement with the Company.

(h)
urge, induce or seek to induce any of the Company's independent contractors,
subcontractors, consultants, vendors or suppliers to reduce, terminate or modify
in any way their relationship with the Company;

(i)
disparage the Company, its directors, officers, employees, products, facilities
or other persons or things associated with the Company or otherwise publish or
communicate any information or opinions that would reasonably be considered to
be derogatory or critical of the Company, its Directors, officers, employees,
products, facilities or other persons or things associated with the Company.

11. Conformity with Plan. This Agreement and the Restricted Shares granted
pursuant hereto are intended to conform in all respects with, and are subject to
all applicable provisions of, the Plan (which is incorporated herein by

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reference). Inconsistencies between this Agreement and the Plan shall be
resolved in accordance with the terms of the Plan. By executing this Agreement,
Grantee acknowledges and agrees to be bound by all of the terms of this
Agreement and the Plan. The Plan is administered by the Committee, and
determinations and interpretations of the Committee on all matters relating to
the Plan and this Agreement, shall be in compliance with the Plan and shall be
conclusive and binding on the Grantee and the Company.
 
12. Amendments. The provisions of this Agreement may be amended and waived only
with the prior written consent of the Company, Committee and the Grantee.
 
13. Severability. In the event that one or more of the provisions of this
Agreement shall be invalidated for any reason by a court of competent
jurisdiction, any provision so invalidated shall be deemed to be separable from
the other provisions hereof, and the remaining provisions hereof shall continue
to be valid and fully enforceable.
 
14. Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and be binding upon, the successors, administrators, heirs, legal
representatives and assigns of the Grantee and the successors and assigns of the
Company.
 
15. Notices. Any notice to the Company provided for herein shall be in writing
to the attention of the Secretary of the Company at Symmetry Medical Inc., 3724
N. State Road 15, Warsaw, Indiana 46582, and any notice to the Grantee shall be
addressed to the Grantee at the address currently on file with the Company.
Except as otherwise provided herein, any written notice shall be deemed to be
duly given if and when hand delivered, or five business days after having been
mailed by United States registered or certified mail, return receipt requested,
postage prepaid, or three business days after having been sent by a nationally
recognized overnight courier service, addressed as aforesaid. Any party may
change the address to which notices are to be given hereunder by written notice
to the other party as herein specified, except that notices of changes of
address shall be effective only upon receipt.
 
16. Governing Law. The laws of the State of Indiana, without giving effect to
the principles of conflict of laws thereof, shall govern the interpretation,
performance and enforcement of this Agreement. The parties hereby submit to the
exclusive venue in and jurisdiction of the state or federal courts located in
Ft. Wayne, Indiana over any dispute related to this Agreement.
 
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first set forth above.
 
 
 
SYMMETRY MEDICAL INC.
 
 
 
By:
 
 
 
David C. Milne, SVP of Human Resources, General Counsel & Corporate Secretary
 
 
ACKNOWLEDGED AND AGREED: