The Executive Nonqualified Excess Plan Adoption Agreement



 EXHIBIT 10.28 
  
  

			
	

	  	



  
 THE
EXECUTIVE 
 NONQUALIFIED “EXCESS” PLANTM 
  
 ADOPTION AGREEMENT 
  
 THIS AGREEMENT is made the 1st day of April, 2004, by IntraLase Corp (the “Employer”), having its principal office at 3 Morgan, Irvine, CA 92618 and EXECUTIVE
BENEFIT SERVICES, INC. (the “Sponsor”), having its principal office at 4140 ParkLake Avenue, Suite 500, Raleigh, NC 27612. 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Sponsor has established The Executive Nonqualified Excess PlanTM (the “Plan”); and 
  
 WHEREAS, the Employer desires to adopt the Plan as an unfunded, nonqualified deferred compensation plan: and 
  
 WHEREAS, the Employer has been advised by the Sponsor to obtain legal
and tax advice from its professional advisors before adopting the Plan, and that the Sponsor disclaims all liability for the legal and tax consequences which result from the elections made by the Employer in this Adoption Agreement; 

  
 NOW, THEREFORE, the Employer hereby adopts the Plan in
accordance with the terms and conditions set forth in this Adoption Agreement: 
  
 ARTICLE I 
  
 Terms used in
this Adoption Agreement shall have the same meaning as in the Plan, unless some other meaning is expressly herein set forth. The Employer hereby represents and warrants that the Plan has been adopted by the Employer upon proper authorization and the
Employer hereby elects to adopt the Plan for the benefit of its Participants as referred to in the Plan. By the execution of this Adoption Agreement, the Employer hereby agrees to be bound by the terms of the Plan. 
  
 This Adoption Agreement may only be used in connection with The Executive
Nonqualified Excess PlanTM. The Sponsor will inform
the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan. For questions concerning the Plan, the Employer may call the Sponsor at (919) 833-1042. 
  
 ©2003 Executive Benefit Services, Inc. 
  

 -1- 








 ARTICLE II 
  

The Employer hereby makes the following designations or elections for the purpose of the Plan [Section references below correspond to Section
references in the Plan]: 
  
 2.7 Compensation: The
“Compensation” of a Participant shall mean all of each Participant’s [check desired option(s)]: 
  

							
	 	 	x	 	(A)	 	Compensation received as an Employee reportable in box 1, Wages, Tips and other Compensation, on Form W-2.
				
	 	 	 ̈	 	(B)	 	Annual base salary.
				
	 	 	 ̈	 	(C)	 	Annual bonus.
				
	 	 	 ̈	 	(D)	 	Long term incentive plan compensation.
				
	 	 	 ̈	 	(E)	 	Compensation received as an Independent Contractor reportable on Form 1099.
				
	 	 	 ̈	 	(F)	 	Commissions.
				
	 	 	 ̈	 	(G)	 	other [specify]:
                                        
                                        
                                        
                    .

  
 Notwithstanding the foregoing,
Compensation x SHALL  ̈ SHALL NOT include Salary Deferral Credits under this Plan and amounts
contributed by the Participant pursuant to a Salary Deferral Agreement to another employee benefit plan of the Employer which are not includible in the gross income of the Employee under Section 125, 132(f)(4), 402(e)(3), 402(h) or 403(b) of the
Code. 
  
 2.8 Crediting Date: The Deferred Compensation
Account of a Participant shall be credited with the amount of any Salary Deferral Credits to such account at the time designated below [check desired Crediting Date]: 
  

							
	 	 	 ̈	 	(A)	 	The last business day of each Plan Year.
				
	 	 	 ̈	 	(B)	 	The last business day of each calendar quarter during the Plan Year.
				
	 	 	 ̈	 	(C)	 	The last business day of each month during the Plan Year.
				
	 	 	 ̈	 	(D)	 	The last business day of each payroll period during the Plan Year.
				
	 	 	x	 	(E)	 	Any business day on which Salary Deferral Credits are received by the Sponsor.
				
	 	 	 ̈	 	(F)	 	Other [specify]:
                                        
                                        
                                        
            .

  

 -2- 









							
	 	 	2.10 Disability: The disability of a Participant shall be determined as follows:
				
	 	 	 ̈	 	(A)	 	The Participant shall be considered to be disabled when he has been determined to be disabled for the purposes of any long term disability insurance covering the Participant that is sponsored
by the Employer
				
	 	 	 ̈	 	(B)	 	The Participant shall be considered to be disabled when he has been determined to be disabled for purposes of the Federal Social Security Act.
				
	 	 	x	 	(C)	 	Other: When the Participant has been determined to be disabled for the purposes of any long term disability plan.
		
	 	 	2.14 Effective Date [check desired option]:
				
	 	 	x	 	(A)	 	This is a newly-established Plan, and the Effective Date of the Plan is April 1, 2004.
				
	 	 	 ̈	 	(B)	 	This is an amendment and restatement of a plan named                      with an
effective date of                     . The Effective Date of this amended and restated Plan is
                    .
				
	 	 	 	 	 	 	This is amendment number             .
		
	 	 	2.20 Normal Retirement Date: The Normal Retirement Date of a Participant shall be: [check desired option]:
				
	 	 	x	 	(A)	 	The attainment of age 65.
				
	 	 	 ̈	 	(B)	 	The later of age              or the             
anniversary of the participation commencement date. The participation commencement date is the first day of the first Plan Year in which the Participant commenced participation in the Plan.
				
	 	 	 ̈	 	(C)	 	The completion of              Years of Service.
				
	 	 	 ̈	 	(D)	 	The completion of              Years of Service and attainment of age
            .

  

 -3- 








 2.22 Participating Employer(s): As of the Effective Date, the following Participating
Employer(s) are parties to the Plan [list all employer-parties, including the Employer]: 
  

							
	 Name of Employer

	 	 Address

	 	 Telephone No.

	  	EIN


	IntraLase Corp	 	3 Morgan	 	(949) 859-5230	  	38-3380954
	 	 	Irvine, CA 92618	 	 	  	 
	  

	 	  

	 	  

	  	  


	 	 	  

	 	 	  	 
	  

	 	  

	 	  

	  	  


	 	 	  

	 	 	  	 

  
 2.23
Plan: The name of the Plan as applied to the Employer is: 
  
 The IntraLase Corp Non Qualified Deferred Compensation Plan. 
  
 2.24 Plan Administrator: The Plan Administrator shall be [check desired option]: 
  

							
	 	 	 ̈	  	(A)	 	Committee.
				
	 	 	x	  	(B)	 	Employer.
				
	 	 	 ̈	  	(C)	 	Other (specify):
                                        
                                        
    .
		
	 	 	2.25 Plan Year: The Plan Year shall be the 12 consecutive calendar month period ending on the last day of the month of December, and each anniversary
thereof.
		
	 	 	2.34 Trust: [check desired option]:
				
	 	 	x	  	(A)	 	The Employer does desire to establish a “rabbi” trust for the purpose of setting aside assets of the Employer contributed thereto for the payment of benefits under the
Plan.
				
	 	 	 ̈	  	(B)	 	The Employer does not desire to establish a “rabbi” trust for the purpose of setting aside assets of the Employer contributed thereto for the payment of benefits under the
Plan.
				
	 	 	 ̈	  	(C)	 	The Employer desires to establish a “rabbi” trust for the purpose of setting aside assets of the Employer contributed thereto for the payment of benefits under the Plan upon the
occurrence of the following event(s):
				
	 	 	 	  	 	 	  
                                       
                                        
                                        
                                        
                                 

	 	 	 	  	 	 	  
                                       
                                        
                                        
                                        
                                .


  

 -4- 








 4.1 Salary Deferral Credits: A Participant may elect to have his Compensation (as selected in
Section 2.7 of this Adoption Agreement) reduced by the following annual percentage or amount as designated in writing to the Committee [check the applicable options]: 
  

							
	 	 	x	  	(A)	 	Annual base salary:
				
	 	 	 	  	 	 	[Complete the following blanks only if a minimum or maximum deferral is desired]:
				
	 	 	 	  	 	 	Minimum deferral:     $              or
             %
				
	 	 	 	  	 	 	Maximum deferral:    $              or
             %
				
	 	 	x	  	(B)	 	Annual bonus:
				
	 	 	 	  	 	 	[Complete the following blanks only if a minimum or maximum deferral is desired]:
				
	 	 	 	  	 	 	Minimum deferral:     $              or
             %
				
	 	 	 	  	 	 	Maximum deferral:    $              or
             %
				
	 	 	 ̈	  	(C)	 	 Other [please specify type, as selected in Section 2.7 of this Adoption Agreement]:
  
                                       
                                        
                                        
                                        
                               .

				
	 	 	 	  	 	 	[Complete the following blanks only if a minimum or maximum deferral is desired]:
				
	 	 	 	  	 	 	Minimum deferral:     $              or
             %
				
	 	 	 	  	 	 	Maximum deferral:    $              or
             %
				
	 	 	 ̈	  	(D)	 	Not applicable – no salary deferral provision.

  
 4.1.2 Termination
of Salary Deferrals: A Participant may terminate his Salary Deferral Agreement effective as of [check desired option]: 
  

							
	 	 	x	  	(A)	 	The first full payroll period commencing after the date written notice of the termination is received by the Committee.
				
	 	 	 ̈	  	(B)	 	The first day of the Plan Year occurring after the date written notice of the termination is received by the Committee.
				
	 	 	 ̈	  	(C)	 	Not applicable – no salary deferral provision.

  

 -5- 








 4.2 Employer Credits: The Employer will make Employer Credits in the following manner [check a
maximum of 2 desired option(s)]: 
  

									
	 	 	 ̈	 	(A)	  	Employer Matching Credits: The Employer may make matching credits to the Deferred Compensation Account of each Participant in an amount determined as follows [check desired
option(s)]:
					
	 	 	 	 	 ̈	  	(i)	  	            % of the Participant’s Salary Deferral Credits.
					
	 	 	 	 	 ̈	  	(ii)	  	            % of the first         % of the Participant’s Compensation
which is elected as a Salary Deferral Credit.
					
	 	 	 	 	 ̈	  	(iii)	  	An amount determined each Plan Year by the Employer.
					
	 	 	 	 	 ̈	  	(iv)	  	The Employer shall not match amounts provided above in excess of $              or in excess of
         % of the Participant’s Compensation per Plan Year.
					
	 	 	 	 	 ̈	  	(v)	  	Other:                                     
                                        
                                        
                                        
             
	 	 	 	 	 	  	 	  	                                      
                                        
                                        
                                        
                       .
					
	 	 	 	 	x	  	(vi)	  	Not applicable – no Employer matching credits provision.
				
	 	 	 ̈	 	(B)	  	Employer Profit Sharing Credits: The Employer may make profit sharing credits to the Deferred Compensation Account of each Active Participant in an amount determined as
follows:
					
	 	 	 	 	 ̈	  	(i)	  	Such amount out of the current or accumulated net profit of the Employer for such year as the Employer in its sole discretion shall determine.
					
	 	 	 	 	 ̈	  	(ii)	  	Such amount as the Employer in its sole discretion shall determine without regard to current or accumulated net profit.
					
	 	 	 	 	 ̈	  	(iii)	  	The Employer shall not make profit sharing credits in excess of $             , or in excess of
            % of the Participant’s Compensation per Plan Year.
					
	 	 	 	 	 ̈	  	(iv)	  	Other:                                     
                                        
                                        
                                        
             
					
	 	 	 	 	 	  	 	  	                                      
                                        
                                        
                                        
                       .
					
	 	 	 	 	x	  	(v)	  	Not applicable – no Employer profit sharing provision.
				
	 	 	 ̈	 	(C)	  	Other [describe]:
	 	 	 	 	 	  	  
                                       
                                        
                                        
                                        
                                     

	 	 	 	 	 	  	  
                                       
                                        
                                        
                                        
                                     

	 	 	 	 	 	  	  
                                       
                                        
                                        
                                        
                                   .


  

 -6- 








 5.1 Death of a Participant: If the Participant dies while in Service, the Employer shall pay a
benefit to the Beneficiary in an amount equal to the Accrued Benefit of the Participant determined as of the date payments to the Beneficiary commence, plus [check if desired]: 
  

							
	 	 	  ̈
	  	(A)	  	An amount to be determined by the Committee.
				
	 	 	  ̈
	  	(B)	  	Other [specify]:
                                        
                                .
				
	 	 	 x
	  	(C)	  	No additional benefits.

  
 6.1 In-Service
Withdrawals: In-service withdrawals may be made from the Plan [check desired option]: 
  

													
	 	 	 x
	  	(A)	  	Yes.
					
	 	 	 	  	 	  	(i)	  	The In-Service Account may be withdrawn only after the account has been established for [check desired option]:
							
	 	 	 	  	 	  	 	  	x	  	(a)	  	A minimum of 2 years (insert minimum of 2 years.)
							
	 	 	 	  	 	  	 	  	 ̈	  	(b)	  	Not applicable.
					
	 	 	 	  	 	  	(ii)	  	A Participant may defer the date of any scheduled in-service withdrawal by giving notice of the new withdrawal date to the Committee [check desired option]:
							
	 	 	 	  	 	  	 	  	x	  	(a)	  	At least 12 (insert minimum of 12) months prior to the scheduled withdrawal date.
							
	 	 	 	  	 	  	 	  	 ̈	  	(b)	  	Not applicable.
				
	 	 	  ̈
	  	(B)	  	No in-service withdrawals.

  
  
  

 -7- 








 6.2 Financial Hardship Withdrawals: Financial hardship withdrawals may be made from the Plan
[check desired option]: 
  

							
	 	 	  ̈
	  	(A)	  	Yes.
				
	 	 	 x
	  	(B)	  	No.

  
 6.3
“Haircut” Withdrawals: “Haircut” withdrawals may be made from the Plan [check desired option]: 
  

							
	 	 	  ̈
	  	(A)	  	Yes. If a Participant obtains a “haircut” withdrawal, the Participant shall forfeit 10% (specify percentage not less than 10%) of the amount of
withdrawal.
				
	 	 	 x
	  	(B)	  	No “haircut” withdrawals.

  
 6.4 Education
Withdrawals: Education withdrawals may be made from the Plan [check desired option]: 
  

													
	 	 	  ̈
	  	(A)	  	Yes.	  	 	  	 	  	 
					
	 	 	 	  	 	  	(i)	  	Education withdrawals may be made in installment payments over no more than ___ years.
					
	 	 	 	  	 	  	(ii)	  	A Participant may defer the date of any scheduled education withdrawal by giving notice of the new withdrawal date to the Committee [check desired option]:
							
	 	 	 	  	 	  	 	  	 ̈	  	(a)	  	At least ___ (insert minimum of 12) months prior to the scheduled withdrawal date.
							
	 	 	 	  	 	  	 	  	 ̈	  	(b)	  	Not applicable.
				
	 	 	 x
	  	(B)	  	No education withdrawals.

  

 -8- 








 7.1 Payment Options: Any benefit payable under the Plan upon a Qualifying Distribution Event may
be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant upon his entry into the Plan [check desired option(s)]: 
  

											
	 	 	 x
	 	(A)	  	A lump sum in cash as soon as practicable following the date of the Qualifying Distribution Event.
				
	 	 	 x
	 	(B)	  	Approximately equal annual installments over a term no longer than 10 years as elected by the Participant upon his entry into the Plan.
					
	 	 	 	 	x	  	(i)	  	Payment of the benefit shall commence as soon as practicable after the following date [select desired option]:
						
	 	 	 	 	 	  	 ̈	  	(a)	  	The first business day of the calendar year following the date of the Qualifying Distribution Event.
						
	 	 	 	 	 	  	 ̈	  	(b)	  	The first business day of the calendar quarter following the date of the Qualifying Distribution Event.
						
	 	 	 	 	 	  	x	  	(c)	  	The first business day of the calendar month following the date of the Qualifying Distribution Event.
				
	 	 	 	 	 	  	The payment of each annual installment shall be made on the anniversary of the date selected for the commencement of the installment payments in this subsection (i). The amount of
the annual installment shall be adjusted on each anniversary date of the commencement of the installment payments for credits or debits to the Participant’s account pursuant to Section 9 of the Plan. Such adjustment shall be made by dividing
the balance in the Deferred Compensation Account on each such date (following adjustment on such date) by the number of annual installments remaining to be paid hereunder; provided that the last annual installment due under the Plan shall be the
entire amount credited to the Participant’s account on the date of the payment.
					
	 	 	 	 	x	  	(ii)	  	Notwithstanding the payment option elected by the Participant, the vested Accrued Benefit of the Participant will be distributed in a single lump payment if the amount of such
benefit on the date that payment is to commence does not exceed [check desired option]:
					
	 	 	 	 	 	  	 	  	$ 25,000 (Insert desired cash out amount).
				
	 	 	 x
	 	(C)	  	A Participant may defer the date of any scheduled payment by giving notice of the new payment date to the Committee [check desired option]:
				
	 	 	 	 	 	  	At least 12 (insert minimum of 12) months prior to the scheduled payment date.
				
	 	 	  ̈
	 	(D)	  	Other [specify]:
                                        
                                        
                                    .

  

 -9- 








 8. Vesting: An Active Participant shall be fully vested in the Employer Credits made to the
Deferred Compensation Account upon occurrence of the following events [check or complete all that apply]: 
  

													
	 	 	 ̈	 	(A)	  	Normal Retirement Date.
				
	 	 	 ̈	 	(B)	  	Death.
				
	 	 	 ̈	 	(C)	  	Disability.
				
	 	 	 ̈	 	(D)	  	Completion of that number of Years of Service specified below:
					
	 	 	 	 	 ̈	  	(i)	  	Employer Matching Credits [complete if applicable]:
						
	 	 	 	 	 	  	 ̈	  	(a)	 	Immediate 100% vesting.
						
	 	 	 	 	 	  	 ̈	  	(b)	 	100% vesting after      Years of Service.
						
	 	 	 	 	 	  	 ̈	  	(c)	 	100% vesting at age      .
							
	 	 	 	 	 	  	 ̈	  	(d)	 	 Number of Years
       of Service

	  	     Vested
 Percentage


	 	 	 	 	 	  	 	  	 	 	  Less than 1	  	         %
	 	 	 	 	 	  	 	  	 	 	                  1	  	         %
	 	 	 	 	 	  	 	  	 	 	                  2	  	         %
	 	 	 	 	 	  	 	  	 	 	                  3	  	         %
	 	 	 	 	 	  	 	  	 	 	                  4	  	         %
	 	 	 	 	 	  	 	  	 	 	                  5	  	         %
	 	 	 	 	 	  	 	  	 	 	                  6	  	         %
	 	 	 	 	 	  	 	  	 	 	                  7	  	         %
	 	 	 	 	 	  	 	  	 	 	                  8	  	         %
	 	 	 	 	 	  	 	  	 	 	                  9	  	         %
	 	 	 	 	 	  	 	  	 	 	                  10 or more	  	         %
				
	 	 	 	 	 	  	For this purpose, Years of Service of a Participant shall be calculated from the date designated below [check desired option]:


											
						
	 	 	 	  	 	  	 ̈	 	(1)	 	First Day of Service.
						
	 	 	 	  	 	  	 ̈	 	(2)	 	Effective Date of the Plan Participation.
						
	 	 	 	  	 	  	 ̈	 	(3)	 	Each Crediting Date. Under this option (3), each Employer Matching Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each Employer Credit is made
to his or her Deferred Compensation Account.

  

 -10- 









																	
	 	 	 	 	 	 	  ̈
	 	 (ii)
	  	Employer Profit Sharing Credits [complete if applicable]:
							
	 	 	 	 	 	 	 	 	  ̈
	  	(a)	 	Immediate 100% vesting.
							
	 	 	 	 	 	 	 	 	  ̈
	  	(b)	 	100% vesting after      Years of Service.
							
	 	 	 	 	 	 	 	 	  ̈
	  	(c)	 	100% vesting at age     .
								
	 	 	 	 	 	 	 	 	 ̈	  	(d)	 	 Number of Years
     of Service

	  	     Vested
Percentage


								
	 	 	 	 	 	 	 	 	 	  	 	 	Less than 1	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                1	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                2	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                3	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                4	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                5	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                6	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                7	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                8	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                9	  	        %
	 	 	 	 	 	 	 	 	 	  	 	 	                10 or more	  	        %

  

																					
	 	 	 	 	 For this purpose, Years of Service of a Participant shall be calculated from the date designated below [check desired option]:



																			
									
	 	 	 	 	 	 	 	  	 	  	 	  	 ̈	  	(1)	  	 First Day of Service.

									
	 	 	 	 	 	 	 	  	 	  	 	  	 ̈	  	(2)	  	 Effective Date of the Plan Participation.

									
	 	 	 	 	 	 	 	  	 	  	 	  	 ̈	  	(3)	  	Each Crediting Date. Under this option (3), each Employer Profit Sharing Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each
Employer Credit is made to his or her Deferred Compensation Account.

  

 -11- 









																	
	 	 	 	 	 ̈	 	(iii)	  	Other Employer Credits [complete if applicable]:
						
	 	 	 	 	 	 	 ̈	  	(a)	 	Immediate 100% vesting.
						
	 	 	 	 	 	 	 ̈	  	(b)	 	100% vesting after          Years of Service.
						
	 	 	 	 	 	 	 ̈	  	(c)	 	100% vesting at age         .
								
	 	 	 	 	 	 	 ̈	  	(d)	 	 Number of Years
     of Service

	  	     Vested
 Percentage

	  	 
	 	 	 	 	 	 	 	  	 	 	Less than 1	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                1	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                2	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                3	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                4	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                5	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                6	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                7	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                8	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                9	  	            %	  	 
	 	 	 	 	 	 	 	  	 	 	                10 or more	  	            %	  	 
				
	 	 	 	 	 	 	For this purpose, Years of Service of a Participant shall be calculated from the date designated below [check desired option]:
							
	 	 	 	 	 	 	 	  	 ̈	 	(1)	  	First Day of Service.
							
	 	 	 	 	 	 	 	  	 ̈	 	(2)	  	Effective Date of the Plan Participation.
							
	 	 	 	 	 	 	 	  	 ̈	 	(3)	  	Each Crediting Date. Under this option (3), each Other Employer Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each Employer
Credit is made to his or her Deferred Compensation Account.

  
 10. Benefit
Exchange: The Employer elects to permit the Participant to exchange all or any portion of the vested Accrued Benefit under the Plan for another type of nonqualified benefit [check desired option]: 
  

							
	 	 	  ̈
	  	(A)	 	 Yes.

				
	 	 	 x
	  	(B)	 	 No.


  
 11. Transfer to
Qualified Plan: The Employer elects to permit the Participant to direct the transfer of a portion of his benefit under this Plan to a tax-qualified retirement plan maintained by the Employer [check desired option]: 
  

							
	 	 	  ̈
	  	(A)	 	 Yes. Insert name of Qualified
Plan:                                       
                                        
         .

				
	 	 	 x
	  	(B)	 	 No.


  

 -12- 








 17. Amendment or Termination of Plan: [check or complete all that apply]: 
  

									
	 	 	  ̈
	  	(A)	  	Notwithstanding any provision in this Adoption Agreement or the Plan to the contrary, Section          of the Plan shall be amended
to read as follows:
				
	 	 	 	  	 	  	See attached Exhibit         .
				
	 	 	 x
	  	(B)	  	The Plan shall be terminated upon the occurrence of one or more of the following events [check if desired]:
					
	 	 	 	  	 ̈	  	(i)	  	The amount of shareholders equity shown on the financial statements of the Employer for each of the two most recent fiscal years is less than
$                    .
					
	 	 	 	  	 ̈	  	(ii)	  	The aggregate net loss (after tax) as reported on the financial statements of the Employer for the two most recent fiscal years is greater than
$                    .
					
	 	 	 	  	 ̈	  	(iii)	  	There is a change of control of the Employer. For this purpose, a “change of control” shall be deemed to have occurred if: (A) any person other than an officer who is an Employee of
the Employer for at least one year preceding the change of control, acquires or becomes the beneficial owner, directly or indirectly, of securities of the Employer representing     % [insert percentage] or more of the
combined voting power of the Employer’s then outstanding securities and thereafter, the membership of the Board becomes such that a majority are persons who were not members of the Board at the time of the acquisition of securities; or (B) the
Employer, or its assets, are acquired by or combined with another entity and less than a majority of the outstanding voting shares of such entity after the acquisition or combination are owned, immediately after the acquisition or combination, by
the owners of voting shares of the Employer immediately prior to the acquisition or combination.
					
	 	 	 	  	 ̈	  	(iv)	  	Other
[specify]:                                      
                                        
                                        
                              
					
	 	 	 	  	 	  	 	  	                                      
                                        
                                        
                                        
                    
					
	 	 	 	  	 	  	 	  	                                      
                                        
                                        
                                        
                    
					
	 	 	 	  	 	  	 	  	                                      
                                        
                                        
                                        
                   .
				
	 	 	  ̈
	  	(C)	  	In the event of a termination of the Plan, the Employer elects that [check if desired]:
					
	 	 	 	  	 ̈	  	(i)	  	Each Active Participant will become fully vested in the Deferred Compensation Account. [If not checked, the vesting provisions of Section 8 will continue to apply.]
					
	 	 	 	  	 ̈	  	(ii)	  	The Deferred Compensation Account will be immediately distributed to each Participant in a single lump sum payment. [If not checked the payment provisions of Section 7 will continue to
apply.]

  

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	 	20.9	Construction: The provisions of the Plan and Trust (if any) shall be construed and enforced according to the laws of the State of Delaware, except to the extent that
such laws are superseded by ERISA. 

  
 IN WITNESS WHEREOF, this Agreement has been executed as of the day and year first above stated. 
  

			
	 	 	IntraLase Corp
		
	 	 	 Name of Employer

		
	 By:
	 	  


	 	 	Authorized Person
		
	 	 	
 Title



  
 NOTE:
Execution of this Adoption Agreement creates a legal liability of the Employer with significant tax consequences to the Employer and Participants. The Employer should obtain legal and tax advice from its professional advisors before adopting the
Plan. The Sponsor disclaims all liability for the legal and tax consequences which result from the elections made by the Employer in this Adoption Agreement. 
  

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