Document:

Analogic Corporation Non-Employee Director Stock Plan

 EXHIBIT 10.1 
 ANALOGIC CORPORATION 
 NON-EMPLOYEE DIRECTOR STOCK PLAN 
 Article 1. Designation, Purpose, and Duration 
 1.1
Designation of the Plan. This document is an incentive compensation plan to be known as the “Analogic Corporation Non-Employee Director Stock Plan” (the “Plan”). This Plan provides for the grant of Shares to Non-Employee
Directors and for the acquisition of Deferred Stock Units by Non-Employee Directors, subject to the terms and provisions set forth herein. 
 1.2 Purpose of the Plan. The primary purposes of this Plan are to further the growth and development of the Company and to promote the achievement of other long-term objectives of the Company by linking the personal interests of
Non-Employee Directors to those of our stockholders and by enhancing our ability to attract, motivate, and retain Non-Employee Directors of outstanding competence. 
 1.3 Duration of the Plan. Unless terminated sooner pursuant to Article 9, this Plan will terminate at the close of business on the day before the tenth anniversary of the date this Plan is approved by our
stockholders. Upon termination of this Plan, outstanding Awards will remain outstanding, but no additional Awards may be issued under this Plan. 
 Article 2. Definitions 
 Whenever used in this Plan, the following terms shall have the meanings set forth below and, when
the defined meaning is intended, the initial letter of the word is capitalized: 
 (a) “Annual Cash Retainer” means the sum of the
annual base cash compensation received by a Non-Employee Director for service on the Board, the annual base cash compensation, if any, received by such Non-Employee Director for service as a member of a Committee, and, if applicable, all other
compensation received by such Non-Employee Director for service as Chairman of the Board and as a Committee Chairman. 
 (b) “Annual
Retainer” means the sum of the Annual Cash Retainer and the Annual Share Retainer. All other compensation and fees payable in connection with a Non-Employee Director’s service as a Director or as a Committee member, including without
limitation payments received for attendance at board and Committee meetings, are expressly excluded from the meaning of Annual Retainer. 
 (c) “Annual Share Retainer” means the annual equity compensation received under this Plan by a Non-Employee Director for service on the Board. 
 (d) “Award” means, individually or collectively, an award under this Plan of Shares or Deferred Stock Units. 
 (e) “Board” or “board of directors” means the board of directors of the Company. 
 (f)
“Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 (g) “Committee” means any of the
Board’s standing Committees. 
 (h) “Company” means Analogic Corporation, a Massachusetts corporation, and any successor
thereto as provided in Section 10.6. 
 (i) “Compensation Committee” means the Board’s Compensation Committee.

  

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 (j) “Decreased Value” means the depreciation in the worth of a Deferred Stock Unit from the
date of Award up to and including the then most-recent Valuation Date, as determined by the Compensation Committee pursuant to a Valuation. 
 (k) “Deferred Stock Unit” or “Unit” means an Award acquired by a Participant under this Plan, and having a value which changes in direct relation to changes in the value of Shares, as determined pursuant to a Valuation.

 (l) “Director” means any individual who is a member of the board of directors. 
 (m) “Employee” means any common law employee of the Company or any of our Subsidiaries. For purposes of this Plan, an individual whose only
service relationship with the Company is as a Director shall not be deemed to be an Employee. 
 (n) “Fair Market Value” shall mean
the closing price on the NASDAQ Global Select Market on the relevant date, or (if there were no sales on such date) on the last trading date preceding the relevant date. 
 (o) “Increased Value” means the appreciation in the worth of a Deferred Stock Unit from the date of Award up to and including the then most-recent Valuation Date, as determined by the Compensation Committee
pursuant to a Valuation. 
 (p) “Initial Annual Retainer” means the Annual Retainer, as prorated if applicable, received by an
individual for the calendar year in which he or she is first elected as a Non-Employee Director. 
 (q) “Initial Value” means the
value of a Deferred Stock Unit on the date of award, as determined in accordance with the provisions of this Plan. 
 (r) “Non-Employee
Director” means any individual who is a member of the board of directors, but who is not an Employee of the Company or a Subsidiary of the Company. 
 (s) “Participant” means a Non-Employee Director who has an outstanding Award granted under this Plan. References herein to the “Participant” shall include the beneficiary of such Participant unless
the context requires otherwise. 
 (t) “Shares” means the shares of common stock of the Company, par value $.05 per share.

 (u) “Subsidiary” means any corporation in which the Company owns directly, or indirectly through one or more Subsidiaries, at
least fifty percent (50%) of the total combined voting power of all classes of stock, or any other entity (including, but not limited to, partnerships and joint ventures) in which the Company owns directly, or indirectly through one or more
Subsidiaries, at least fifty percent (50%) of the combined equity thereof. 
 (v) “Valuation” means an evaluation of the worth
of a Deferred Stock Unit based on changes in the Fair Market Value of the Shares, as determined by the Compensation Committee pursuant to this Plan. 
 (w) “Valuation Date” means a date on which Deferred Stock Units are valued pursuant to this Plan. 
 Article 3.
Administration 
 3.1 Administration by the Compensation Committee; Powers. This Plan shall be administered by the Compensation
Committee, subject to terms of this Plan. Subject to the terms of this Plan and the powers granted to the full board of directors, the Compensation Committee shall have the full power, discretion, and authority to interpret and administer this Plan
in a manner which is consistent with this Plan’s provisions. The Compensation Committee may establish rules and forms for the administration of this Plan and may delegate specific duties and 

  

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responsibilities, including without limitation calculations of Valuation, to officers or other employees of the Company. 
 3.3 Decisions Binding. All determinations and decisions made by the Compensation Committee pursuant to this Plan, and all related orders or
resolutions of the Compensation Committee shall be final, conclusive, and binding on all persons and entities, including the Company, its stockholders, Employees, Non-Employee Directors, Participants, and their estates and beneficiaries. 

Article 4. Participation 
 Persons eligible to
participate in this Plan are limited to Non-Employee Directors while serving on the Board. 
 Article 5. Annual Equity Grants for Non-Employee Directors

 5.1 Annual Equity Grants. Commencing February 1, 2008, and on each February 1 thereafter, each Non-Employee Director
shall receive an Annual Share Retainer of that number of Shares equal to the quotient determined by dividing the dollar value of such Annual Share Retainer as established pursuant to this Plan by the Fair Market Value of a Share on February 1
of the relevant year. Fractional Shares shall not be issued if such quotient is not a whole number; such quotient shall be rounded to the nearest full Share. Initially, such dollar value shall be $35,000. Thereafter, the dollar value of the Annual
Share Retainer may be adjusted from year to year pursuant to Section 5.3 of this Plan, (subject to a $70,000 per Non-Employee Director maximum annual dollar value during the 10-year term of this Plan). 
 5.2 Timing of Payout. Certificates for the Shares shall be issued as soon as administratively possible following February 1 of each year.

 5.3 Annual Review. As part of its ongoing evaluation of Non-Employee Director compensation, prior to November 1 in each year
the Compensation Committee shall conduct a review of the continued appropriateness of the then-current dollar value of the Annual Share Retainer, and recommend the dollar value thereof to be Awarded in the following calendar year. The value
recommended may be adjusted higher or lower than the previously-Awarded value, as the Compensation Committee determines is appropriate. Subject to the limitation set forth in Section 5.1 above, the board shall then establish the dollar amount,
if any, of the Annual Share Retainer to be Awarded pursuant to this Plan for the following calendar year. 
 Article 6. Annual Deferral Opportunity

 6.1 Deferral of Annual Retainers. During the term of this Plan, each Non-Employee Director may elect to receive any or all of
his or her Annual Retainer in the form of Deferred Stock Units. Elections to receive Deferred Stock Units pursuant to this Section 6.1 shall be subject to the provisions of this Article 6. If a Non-Employee Director fails to make any such
election with respect to his or her Annual Retainer for a given calendar year, or fails to do so in timely fashion pursuant to Section 6.2, none of such Non-Employee Director’s Annual Retainer for such calendar year shall be deferred
pursuant to this Plan. 
 6.2 Election. Each election described in Section 6.1, with respect to the Annual Retainer for any given
calendar year, shall be made by a written notice of election, on a form provided by the Company, which notice is received by the Company no later than December 15 of the preceding calendar year. Each such election may apply solely to such given
calendar year or to such given calendar year and one or more consecutively-succeeding calendar years as may be specified by the Participant in his or her election. Each new Non-Employee Director shall make an election with respect to his or her
initial Annual Retainer within thirty (30) days after first becoming a Director, provided that such election shall be effective only with respect to amounts that would have 

  

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been received (absent the election) after the last day of the period during which the election may be made. If less than all of an Annual Cash Retainer or an
Annual Share Retainer is deferred pursuant to such an election, the amount thereof deferred, respectively, may be made only in ten percent (10%) increments thereof. 
 6.3 Number of Deferred Stock Units. The number of Deferred Stock Units to be granted in connection with an election pursuant to this
Article 6 shall equal the dollar amount of the Annual Retainer being deferred divided by the Fair Market Value of a Share on the date the scheduled payment to the Director of the amount deferred would have been made. 
 6.4 Vesting of Deferred Stock Units. Subject to the terms of this Plan, all Deferred Stock Units acquired under this Article 6 shall vest
fully upon the acquisition of such Deferred Stock Units. 
 Article 7. Deferred Stock Units 
 7.1 Value of Deferred Stock Units. Each Deferred Stock Unit shall have an Initial Value equal to the Fair Market Value determined for purposes of
Section 6.3. Subsequent to such date of Award, the value of each Deferred Stock Unit shall change in direct relationship to changes in the value of a Share as determined pursuant to a Valuation. Valuations shall be made from time to time with
respect to the issuance of: (a) Deferred Stock Units, including those issued by reason of the conversion of dividend equivalents pursuant to Section 7.2, and (b) quarterly reports pursuant to Section 7.6; and at such other times
as the Compensation Committee, in its discretion, deems appropriate, 
 7.2 Dividend Equivalents. Dividend equivalents shall be earned
on Deferred Stock Units provided under this Plan. Such dividend equivalents shall be converted into an equivalent amount of Deferred Stock Units, on the dividend payment date, based upon the Valuation of a Deferred Stock Unit on each date dividend
equivalents are converted into Deferred Stock Units. The converted Deferred Stock Units will be fully vested upon conversion. 
 7.3
Timing and Amount of Payout. Except as provided otherwise in this Plan, the payout of the Initial Value combined with the Increased Value or the Decreased Value of each grant of Deferred Stock Units shall be made in a single cash payment within
thirty (30) days following the Participant’s termination of service on the board or sooner, if so elected by the Participant as part of the election made pursuant to Section 6.2, on a date certain selected by the Participant;
provided, however, such selected date may not be less than one year from the date on which such Deferred Stock Units are to be acquired as result of such election by such Participant pursuant to this Plan. 
 7.4 Hardship Withdrawals. Neither a Participant nor his or her beneficiary (as established pursuant to Section 10.3) is eligible to withdraw
the Valuation credited to an Account (as defined Section 7.5) prior to the time specified in Section 7.3. However, such Valuation may be subject to early withdrawal if an unforeseeable emergency (within the meaning of Treas. Reg. §
1.409A-3(i)(3)) occurs with respect to the Participant. For purposes of this Plan, an unforeseeable emergency is a severe financial hardship resulting from (1) an illness or accident of the Participant, the Participant’s spouse, the
Participant’s beneficiary, or the Participant’s dependent; (2) loss of the Participant’s property due to casualty; or (3) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the
control of the Participant. A distribution on account of unforeseeable emergency may not be made to the extent that such emergency is or may be relieved (a) through reimbursement or compensation from insurance or otherwise, (b) by
liquidation of the Participant’s assets (to the extent the liquidation of such assets would not cause severe financial hardship), or (c) by cessation of deferrals under this Plan. The Compensation Committee shall have sole discretion to
determine whether to approve any hardship withdrawal, the amount of which shall be limited to the amount deemed by the Compensation Committee reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any federal,
state, local or foreign income taxes or penalties reasonably anticipated to result from the distribution). The Compensation Committee’s decision will be final and binding on all interested parties. If the 

  

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Compensation Committee approves a hardship withdrawal, (i) no election deferral which is (A) applicable for the remainder of the calendar year
within which the hardship withdrawal is received or (B) applicable for the next succeeding calendar year if the Participant’s election under Section 6.2 for the year in which the hardship withdrawal is received was applicable for such
next succeeding calendar year, shall be given effect, and (ii) no election may be made by such Participant for such next succeeding calendar year (if the Participant’s election for the year in which the hardship withdrawal is received was
not applicable for such next succeeding calendar). 
 7.5 Deferred Stock Unit Account. A Deferred Stock Unit Account (the
“Account”) shall be established and maintained by the Company for each Participant who receives Deferred Stock Units pursuant to this Plan. As the value of each Deferred Stock Unit changes pursuant to Section 7.1, the Account
established on behalf of each Participant shall be adjusted accordingly. Each Account shall be the record of the Deferred Stock Units granted to the Participant pursuant to this Plan on each applicable grant date, shall be maintained solely for
accounting purposes, and shall not require segregation of any Company assets. 
 7.6 Quarterly Reports. Each Participant with Deferred
Stock Units shall receive quarterly reports providing detailed information about his or her respective Account and changes in that Account during the preceding quarter. 
 Article 8. Reservation of Shares 
 The Company shall reserve and set aside One Hundred Thousand
(100,000) shares of its authorized but unissued $.05 par value Common Stock (“Common Stock” for issuance under this Plan). Issuance of Deferred Stock Units from time to time shall not be deemed to reduce the number of authorized
shares then remaining available for issuance under this Plan. In the event of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, or other similar change in capitalization, the number and class of
securities available under this Plan shall be equitably adjusted by the Company in the manner determined by the Board or Compensation Committee. 
 Article 9. Amendment, Modification, and Termination 
 9.1 Alteration, Termination Discontinuance Amendment, Suspension,
and Amendment. The board may amend, suspend, or terminate this Plan or any portion thereof at any time and from time to time, subject to all applicable laws, rules, regulations, and the like, including without limitation those which may require
stockholder approval 
 9.2 Awards Previously Granted. Unless required by law, no termination, amendment, or modification of this Plan
shall in any material manner adversely affect any Award previously provided under this Plan, without the written consent of the Participant holding the Award. 
 9.3 Conditions to Effectiveness of the Plan. This Plan was adopted by the board of directors on November 26, 2007 and will become effective upon approval by our stockholders. No Award may be granted under
this Plan after the day prior to the tenth anniversary of the date on which this Plan was approved by our stockholders. No Award shall be granted if the grant and/or issuance of Shares pursuant thereto, would be contrary to law or the regulations of
any duly constituted authority having jurisdiction. Furthermore, if any term or provision of this Plan shall be deemed invalid, unlawful, or unenforceable, that term or provision in question shall be revised in order to be valid, lawful, and
enforceable, but will not affect any other provision of this Plan. 
  

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 Article 10. Miscellaneous 
 10.1 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the
plural. 
 10.2 Benefit Transfers. The interests of any Participant or beneficiary entitled to payments hereunder shall not be subject
to attachment or garnishment or other legal process by any creditor of any such Participant or beneficiary nor shall any such Participant or beneficiary have any right to alienate, anticipate, commute, pledge, encumber, transfer, or assign any of
the benefits or rights which he or she may expect to receive, contingently or otherwise, under this Plan except as may be required by the tax withholding provisions of the Code or of a state’s income tax act. Notwithstanding the foregoing,
amounts payable with respect to a Participant hereunder may be paid as follows: 
 (a) Payments with respect to a disabled or incapacitated
person may be paid to such person’s legal representative for such person’s benefit, to a custodian under the Uniform Gifts or Transfers to Minors Act of any state, or to a relative or friend of such person for such person’s benefit;
and 
 (b) Transfers by the Participant to a grantor trust established pursuant to Sections 674, 675, 676, and 677 of the Code for the
benefit of the Participant or a person or persons who are members of his or her immediate family (or for the benefit of their descendants) shall be recognized and given effect, provided that any such transfer has not been disclaimed prior to the
payment, and the trustee of such trust certifies to the Compensation Committee that such transfer occurred without any payment of consideration for such transfer. 
 10.3 Beneficiary Designation. Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Plan
is to be paid in the event of his or her death. Each designation will revoke all prior designations by the same Participant, shall be in a form provided by the Company, and will be effective only when filed by the Participant in writing with the
Compensation Committee during his or her lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate. 
 10.4 No Right of Nomination. Nothing in this Plan shall be deemed to create any obligation on the part of the board to nominate any Director for
reelection by our stockholders. 
 10.5 Stock Splits/Stock Dividends. In the event of any change in corporate capitalization of the
Company, such as a stock split, or a corporate transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization
comes within the definition of such term in Code Section 368) or any partial or complete liquidation of the Company, such adjustment shall be made in the number and class of Shares available for issuance under this Plan and the number and unit
price of Deferred Stock Units that are outstanding under this Plan, as may be determined to be appropriate and equitable by the Compensation Committee, in its sole discretion, to prevent dilution or enlargement of rights. 
 10.6 Successors. All obligations of the Company under this Plan with respect to Awards granted hereunder shall be binding on any successor to the
Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 10.7 Requirements of Law. The granting of Awards under this Plan shall be subject to all applicable laws, rules, and regulations, and to such
approvals by any governmental agencies or national securities exchanges as may be required. 
  

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 10.8 Governing Law. The provisions of this Plan and all Awards made hereunder shall be governed by
and interpreted in accordance with the laws of the Commonwealth of Massachusetts, excluding choice-of-law principles of the law of such state that would require the application of the laws of a jurisdiction other than such state. 
 10.9 Unfunded Plan. The Deferred Stock Unit Accounts maintained for Participants under this Plan shall be bookkeeping accounts, which shall at all
times be reflected on our books as general unsecured and unfunded obligations of the Company, and this Plan shall not give any person or entity any right or security interest in any asset of the Company nor shall it imply any trust or segregation of
assets by the Company. No person shall have a right to payment hereunder greater than the right of a general unsecured creditor. 
 10.10
Compliance with Code Section 409A. No Award shall provide for deferral of compensation that does not comply with Section 409A of the Code, unless the Compensation Committee, at the time of grant, specifically provides that the Award is
not intended to comply with Section 409A of the Code. The Company shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A is not so exempt or compliant
or for any action taken by the board or Compensation Committee. 
  

 7The Cooper Companies, Inc. 2008 Incentive Payment Plan

 EXHIBIT 10.1 
 

 
 2008 INCENTIVE PAYMENT PLAN 
 FINAL 
 January 30, 2008 

 THE COOPER COMPANIES, INC. 
 2008 INCENTIVE PAYMENT PLAN 
 SECTION I - NAME 
 The name of this plan is the “2008 Incentive Payment Plan” (the “Plan” or “IPP”). 
 SECTION
II - SCOPE 
 This Plan sets out the IPP guidelines for the following Business Units of The Cooper Companies, Inc. and its subsidiaries (the
“Company” or “TCC”): 
 CooperVision (“CVI”) Consolidated 
 CooperSurgical (“CSI”) Consolidated 
 Corporate HQ 
 Where the terms of this Plan differ from the terms of any Participant’s employment or severance contract, the terms of such
contract will dictate. No new such arrangements shall be entered into without the advance written approval of all of the following: The Company’s Chief Financial Officer (“CFO”), its Chief Executive Officer (“CEO”) and the
Organization and Compensation Committee of the Board of Directors (the “Committee”). 
 SECTION III - PURPOSE 
 The purpose of the Plan is to provide incentives to officers and key employees of the Company who are in a position to contribute significantly to increasing
(1) Revenue, (2) Income, (3) Earnings Per Share (“EPS”) and (4) Cash Flow, as defined in the Plan. The Plan also includes a discretionary pool designed to allow for a subjective evaluation of each Business Unit’s
and/or Participant’s performance and for awards for achievement not otherwise adequately reflected in the awards tied to Revenue, Income, EPS or Cash Flow. 
 SECTION IV - COMPENSATION PHILOSOPHY 
 It is the Company’s philosophy that: 
  

	 	•	 	 The Company’s executive compensation programs are designed to attract, motivate, and retain executive talent with the skills, experience, motivation and
commitment needed to optimize stockholder value in a competitive environment. 

  

	 	•	 	 The Company believes that employee performance and achievement will result in economic benefits and support the goal of increasing stockholder value in the Company
by achieving specific financial and strategic objectives. 

  

	 	•	 	 All employees be paid a base salary that is competitive with salaries paid by comparable organizations, based on each employee’s experience, performance and
geographical location. 

  

	 	•	 	 Employees whose efforts achieve the goals outlined in Section III - Purpose, be provided with the opportunity to significantly increase their total compensation,
via this Plan and certain other benefit plans. 

 SECTION V - DEFINITIONS 
 “Budget” or “Budgeted,” when used in conjunction with any measuring device under this Plan (e.g., Revenue Budget or Budgeted Revenue) shall mean the
approved 2008 Budget for each Participant’s Business Unit, adjusted where appropriate to reflect acquisitions and/or divestitures in accordance with “deal sheets” approved by, and in the sole discretion of, the Board of Directors.

 “Business Unit” shall mean any operating or headquarters unit so established by the Company. For the 2008 Plan,
the designated Business Units are set out in Section II - Scope, above. 
 “Cash Flow” shall mean the following: 
 For Corporate Headquarters, Cash Flow is defined as cash provided by operating activities in accordance with the policies and procedures of the Company
and Accounting Principles Generally Accepted in the United States of America (“GAAP”). 
 For all other Business Units, Cash Flow
shall mean cash provided by operating activities in accordance with the policies and procedures of the Company and Accounting Principles Generally Accepted in the United States of America (“GAAP”) computed on a Look Through Basis.

 For ALL measurements of Cash Flow, the balance sheet increases and decreases detailed above shall be the result of comparing the fiscal
2008 year-end balance sheet to the final ACTUAL balance sheet as at the end of fiscal 2007. 
 “Earnings Per Share” or “EPS” shall mean
fully diluted earnings per share as computed in accordance with GAAP. 
 “Eligible Individual” shall mean any person employed by the Company who is
paid a salary or a fixed monthly amount, as distinguished from an hourly wage. 
 “Executive Management” shall mean the CEO and the CFO for
purposes of administering this Plan. 
 “Look Through Basis” shall mean a technique adopted by certain CVI Business Units to assess their overall
profitability to CVI exclusive of the effects of transfer pricing between CVI Business Units. 
 “Income” shall mean the operating income for each
individual Business Unit in accordance with GAAP computed on a Look Through Basis where appropriate for certain CVI Business Units. 
 “Participant” shall mean any Eligible Individual selected to have the opportunity to earn an award under the Plan in accordance with its terms. 
 “Revenue” shall mean net revenue accounted for in accordance with GAAP, including freight costs reimbursed by customers but adjusted for the use of budgeted currency rates. In general terms, net revenue is the result of deducting
from total gross revenue any returns, discounts, rebates and any sales tax charged to customers. 
 “Salary” shall mean the actual base salary paid
to an Eligible Individual during the Year while a Participant in the Plan. No items of supplemental compensation (prior year bonus, relocation or automobile allowances, special stipends, etc.) will be considered part of Salary. 
 “Year” shall mean the fiscal year of the Company, which is November 1 through October 31. 
 SECTION VI - ELIGIBILITY FOR PARTICIPATION 
 Participation in the Plan
will be offered to those Eligible Individuals who, in the opinion of the Company, are in a position to significantly influence the Company’s Revenue, Income, EPS and/or Cash Flow. Eligibility for participation shall be at the sole discretion of
the Committee, which may delegate this authority to Executive Management for non 16b reporting levels. 

 SECTION VII - AWARD OPPORTUNITY 
 At the beginning of each Year, or as otherwise appropriate, the Committee, which may delegate this authority to Executive Management for non 16b reporting levels, will classify each Participant into a category
indicating his or her incentive opportunity for achievement of 100% of established goals. The incentive opportunity will range from 10% to 100% of Salary and may be adjusted upward or downward from the previous Year’s level. 
 SECTION VIII - DETERMINATION OF INCENTIVE PAYMENT 
 Each
Participant’s incentive award opportunity will be based in part on the performance of the Business Unit of which Participant is a member and in part based on a discretionary evaluation of his or her performance. In the event that any
Participant, other than members of management covered by Rule 16(b) under the Securities and Exchange Act of 1934 (“16b Officers”), works for more than one Business Unit over the course of the Year, Executive Management shall, in its sole
and absolute discretion, prorate IPP achievement; however, in no event shall any Participant receive a total IPP amount greater than the maximum amount that would have been payable had Participant been employed solely by the Business Unit which
receives the greatest IPP achievement. The total award opportunity for Business Units will be the sum of assigned percentage weightings for Revenue, Income, EPS and Cash Flow (together, “Quantitative Criteria”) and discretionary, as set
out in Attachment I. At the discretion of Executive Management, the calculations for certain individual Participants’ quantitative incentive awards may be prorated between a Business Unit and Corporate Headquarters. 
 Goals for earning an award payment will be based on the percentage of Budget achievement generated for each of the Quantitative Criteria. Executive Management will
provide the Committee a report on variances to the consolidated Budgets for Revenue, Income, EPS and Cash Flow, highlighting key variances including nonrecurring, noncontrollable and/or discretionary items. The Committee may elect to include or
exclude certain of these items for purposes of determining the overall Corporate HQ quantitative Budget achievement. Executive Management may exercise this same discretion in assessing the Budget achievement of each of the Company’s other
Business Units. The amount of discretionary payments reflects the qualitative assessment of each individual Participant’s performance, by his or her supervisor, senior management and/or Executive Management. Executive Management will consult
with the Committee before determining the overall level of achievement of each Business Unit’s discretionary criteria, the percentage achievements of which may vary from Participant to Participant. The level of achievement of both the
quantitative and discretionary components for each of the 16b Officers shall be recommended by Executive Management to the Committee. The determination of the amounts of said components for each 16b Officer will be made by the Committee. 

Each Quantitative Criteria will be measured separately for achievement of Budget. The matrix below indicates the level of IPP achievement that coincides with a given
Budget achievement. Importantly, every one of the Quantitative Criteria must achieve at least 95% of Budget before the total IPP payment associated with Quantitative Criteria can exceed 100%. The IPP achievement of the discretionary portion may also
range from 0% to a percentage deemed appropriate by Executive Management and, in the case of the 16b Officers, determined by the Committee after receipt of recommendations from Executive Management. 
  

				
	 If Achievement is(2)
	  	IPP (3)
Achievement is	 
	 Less than 90%
	  	0	%
	 93%
	  	25	%
	 95%
	  	50	%
	 100%
	  	100%	(1)
	 105%
	  	150	%
	 110% or more
	  	200% (Maximum) 	(2)

  

	(1)	This is the level indicated as the “Incentive Opportunity” in Section VII. 

  

	(2)	Executive Management and/or the Committee reserves the right to adjust indicated levels for quantitative criteria where target figures are so small as to invite anomalous results.

  

	(3)	The Committee in its discretion may reduce the bonus that otherwise would be payable based on satisfaction of the foregoing quantitative goals to take into account such qualitative
factors as it may determine; provided however, the Committee may not reduce such bonus by more than 25%. 

 Specific examples of the award determination process are included as Attachment III. 
 SECTION IX - FORM OF PAYMENT 
 Payments under this Plan may be made in
the form of a combination of cash and common stock of the Company. The percentage mix of the payment will be at the sole discretion of the Board of Directors of the Company, subject to the limitation that the stock portion of the payment will not
exceed 50% of the total. Such determination will be made at the time the Board approves payments to be made under the Plan. Unless recommended otherwise by the Committee to the Board of Directors, any common stock portion of the payment will be made
in shares of restricted stock bearing a restriction of up to 30 days, at no cost to the Participant other than required payments for taxes. The Committee may elect to pay the CEO, for achievement above 75%, in restricted stock or restricted stock
units with up to three-year cliff vesting. 
 SECTION X - TIMING OF AWARD PAYMENTS 
 Incentive award payments for each Participant will be made net of all required withholdings, and will be calculated and accrued in the appropriate Business Unit’s books from time to time during the Year based on
projected results for Quantitative Criteria and a reasonable estimate of the discretionary percentage. The indicated payment for Quantitative Criteria plus a reasonable estimate of discretionary must be accrued for as at the end of each Year. No IPP
payments for Quantitative Criteria in excess of the accrual balance will be made. Such accruals will be calculated based upon each Business Unit’s performance against Budget for the Year then ended as discussed above and illustrated in the
attached examples. No payments will be made to any Participant until Executive Management has had an opportunity to review the results of the first two months of the subsequent Year. To the extent that such first two months results reflect negative
anomalies that are determined by Executive Management to relate back to the previous Year, award payments for such Year may be delayed by Executive Management and, subject to approval by the Committee, may be decreased or canceled. The target date
to release payments, therefore, will be January 31, 2008, subject to acceleration by Executive Management, in its sole and absolute discretion. 
 SECTION XI - TERMINATION OF EMPLOYMENT 
 Except where required pursuant to a previously existing employment agreement (or extenuating
circumstances, which will be handled on an ad hoc basis by Executive Management), any Participant whose employment is terminated by the Company prior to the end of the Year, or by the Participant prior to the payment for such Year for any reason
other than death or retirement or disability consistent with the Company’s then current provisions for retirement and/or disability, will forfeit any opportunity to receive an award under the Plan for that Year. 
 In the case of a Participant’s retirement, disability or death, such Participant (or designated heir in the event of the Participant’s death) may, at the
discretion of Executive Management, be eligible to receive a pro rata payment under the Plan for the period prior to cessation of active full-time employment. Pro rata payments will be made concurrently with other payments under the Plan.

 SECTION XII - NEW HIRES AND PROMOTIONS 
 Individuals
hired or promoted during the Year may become Participants in the Plan subject to the approval of Executive Management. Partial Year Participants may be eligible to earn a pro rata award. Separate pro rata calculations will be made for any
Participant who is promoted to a higher Incentive Opportunity during the Year. 
 SECTION XIII - GENERAL PROVISIONS 
  

	(1)	Each Participant shall treat as personal and strictly confidential any and all information related to Participant’s inclusion in the Plan. 

  

	(2)	The expenses of administering the Plan shall be borne by the Company. 

  

	(3)	No employee has any right or claim to be a Participant in the Plan or to receive a payment under the Plan. 

	(4)	Participation in the Plan does not provide any employee the right to be retained in the employment of the Company. 

  

	(5)	A Participant may not assign or transfer any rights under the Plan. Any attempt to do so will invalidate those rights. 

  

	(6)	The Plan shall be subject to all applicable federal and state laws and regulations. Payments made under the Plan shall only be made to the extent permitted by such laws and
regulations, subject to all applicable taxes. 

 SECTION XIV - AMENDMENT OR TERMINATION 
 The Plan may be amended or terminated at any time by action of the Board of Directors of the Company. 
 SECTION XV - ADMINISTRATION AND INTERPRETATION 
 Executive Management shall be responsible, in its sole discretion,
for administration of the Plan, and the Committee shall be responsible for interpretation of this Plan. Such interpretations shall be final. 
  

			
	Attachments:	  	I Weighting Factors
		  	II List of Participants and Levels of Participation
		  	III Example of Award Determinations
		
	Budgets:	  	2008 Budgets – Previously provided in the 2008 Budget Presentation approved by the BOD, except that a supplement will be published to reflect the CIBA litigation settlement and that Cash
Flow will be revised to launch off a certified 10/31/07 balance sheet and except for subsequent changes for acquisitions or divestitures or any other changes approved by the Committee.

 2008 IPP Plan 
 ATTACHMENT I 
 WEIGHTING FACTORS 
 Weighting Percentages of IPP Entitlement Factors 
  

													
	 	  	Revenue	  	Income	  	EPS	  	Cash Flow	  	Discretionary	  	Total
	 All CVI Units
	  	20	  	35	  	—  	  	20	  	25	  	100
	 All CSI Units
	  	20	  	35	  	—  	  	20	  	25	  	100
	 Corporate HQ
	  	20	  	—  	  	35	  	20	  	25	  	100

 Each of the Quantitative Criteria must achieve at least 95% of Budget before the total IPP payment associated with
the Quantitative Criteria can exceed 100%. 

 2008 IPP PLAN 
 ATTACHMENT II 
 LIST OF PARTICIPANTS AND LEVELS OF PARTICIPATION 
  

						
	 NAME
	  	 TITLE
	  	FY 2008 IPP
ELIGIBILITY
%	 
	Robert S. Weiss	  	Chief Executive Officer	  	100	%
	Steven M. Neil	  	Executive Vice President and Chief Financial Officer	  	60	%
	Eugene J. Midlock	  	Vice President, Finance	  	50	%
	Nicholas J. Pichotta	  	Chief Executive Officer, CooperSurgical, Inc.	  	45	%

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