Document:

exv10w50

 

Exhibit 10.50

ASYST TECHNOLOGIES, INC.

2003 EQUITY INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

     1. Restricted Stock Award. As of [insert date] (the “Date of Award”), Asyst
Technologies, Inc., a California corporation (the “Company”), has granted to [insert name]
(the “Grantee”) a restricted stock unit award (the “RSU Award”), which is an unfunded, unsecured
promise by the Company to deliver [insert shares] shares of Common Stock subject to the
terms and provisions of this Restricted Stock Award agreement (the “RSU Agreement”) and the
Company’s 2003 Equity Incentive Plan, as amended from time to time (the “Plan”), which are
incorporated herein by reference.

     Unless otherwise defined herein, the terms in this RSU Agreement shall be given the same
defined meanings as defined in the Plan.

     2. Vesting Schedule. Subject to the terms of this RSU Agreement and the Plan, and
provided that you remain in continuous service as a member of the Company’s Board of Directors (the
“Board”) from the Date of Award, to the vesting date listed below; the shares subject to the RSU
Award shall vest and be converted into an equivalent number of shares of Common Stock on the
vesting date(s) according to the schedule below.

	 	 	 
	Number of RSUs
	 	Vesting Date(s)

          (a) Holding and Other Restrictions on Delivery

          No vested shares subject to the RSU Award shall be issued or delivered to the Grantee until
[insert date] (the “Delivery Date”). On the Delivery Date 100% of the vested shares shall
be issued and delivered to the Grantee unless such shares were previously forfeited pursuant to the
terms of the RSU Agreement or the terms of the Plan or were otherwise used to meet the Grantee’s
tax obligation described in Section 3 below.

          (b) Acceleration in the event of Death, Disability or Termination of Service

          Regardless of any hold or other restriction on delivery of shares, the Delivery Date for
shares that have vested under the RSU Award will be automatically accelerated and such shares will
be delivered to the Grantee as of the date of the first to occur of the following specific events
(provided that such date is after the original vesting date for the shares): (i) a change in
control of the Company (as defined under Code Section 409A), (ii) termination of

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Grantee’s service with the Company (for any reason), (iii) determination of Grantee’s permanent
disability, or (iv) the date of Grantee’s death.

     3. Taxes. Regardless of any action the Company takes with respect to any or all
income tax (including federal, state and local taxes), social insurance, payroll tax, or other
tax-related withholding (“Tax Related Items”), Grantee acknowledges that the ultimate liability for
all Tax Related Items legally due by Grantee is and remains Grantee’s responsibility and that the
Company (i) makes no representations or undertakings regarding the treatment of any Tax Related
Items in connection with any aspect of the RSU Award, including the grant of the RSU Award, the
vesting of the RSU Award, the conversion of the RSU Award into shares or the receipt of an
equivalent cash payment, the subsequent sale of any shares acquired at vesting, the receipt of any
dividends, or the sufficiency of any payments made for or by the Grantee to satisfy the Tax-Related
Items; and (ii) does not commit to structure the terms of the grant or any aspect of the RSU Award
to reduce or eliminate the Grantee’s liability for Tax Related Items.

     4. Restrictions on Issuance. No shares will be issued in connection with the RSU
Award if the issuance of such shares would constitute a violation of any applicable laws.

     5. Delivery of Shares. Until shares subject to the RSU Award are issued and
delivered, the Grantee will have no rights as a shareholder including the right to receive
dividends and the right to vote the shares. In addition, at the sole discretion of the Company,
the RSU Award may be settled by a cash payment on the Delivery Date rather than by a delivery of
shares. Such cash payment, if any, will be equal to the Fair Market Value of the shares on the
Delivery Date.

     6. Termination of Continuous Service. In the event that the Grantee ceases to be a
member of the Board for any reason, including death, disability, resignation or failure of
nomination or election for subsequent term, any unvested portion of the RSU award shall
automatically terminate and be deemed forfeit.

     7. Transferability of Award. The RSU Award may not be transferred, pledged, sold,
assigned, alienated or otherwise encumbered by Grantee in any manner other than by will or by the
laws of descent and distribution. Any such purported transfer, pledge, sale, assignment,
alienation or encumbrance will be void and unenforceable against the Company. The terms of the RSU
Award shall be binding upon the executors, administrators, heirs and successors of the Grantee.

     8. Refusal to Transfer. The Company shall not be required (i) to transfer on its
books any shares that have been sold or otherwise transferred in violation of any of the provisions
of this RSU Agreement or (ii) to treat as owner of such shares or to accord the right to vote or
pay dividends to any purchaser or other transferee to whom such shares shall have been so
transferred.

     9. Tax Consultation. The Grantee understands that he or she may suffer adverse tax
consequences as a result of the Grantee’s receipt or disposition of the shares subject to the RSU
Award (or the vesting of Grantee’s right to receive or dispose of the shares subject to the RSU
Award). The Grantee represents that he or she has had the opportunity to consult with any tax

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consultants the Grantee deems advisable in connection with receipt or disposition of the
shares and that the Grantee is not relying on the Company or its counsel for any tax advice.

     10. Entire Agreement: Governing Law. The Plan and this RSU Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and the Grantee with respect to the
subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means
of a writing signed by the Company and the Grantee. Nothing in the Plan and this RSU Agreement
(except as expressly provided therein) is intended to confer any rights or remedies on any persons
other than the parties. The Plan and this RSU Agreement are to be construed in accordance with and
governed by the laws of the State of California without giving effect to any conflict of law rule.
Should any provision of the Plan or this RSU Agreement be determined by a court of law to be
illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and
the other provisions shall nevertheless remain effective and shall remain enforceable.

     11. Headings. The captions used in this RSU Agreement are inserted for convenience
and shall not be deemed a part of this RSU Agreement for construction or interpretation.

     12. Notices. Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the United States mail
by certified mail (if the parties are within the United States) or upon deposit for delivery by an
internationally recognized express mail courier service (for international delivery of notice),
with postage and fees prepaid, addressed to the other party at its address as shown below or to
such other address as such party may designate in writing from time to time to the other party.

     13. Rights as Shareholder. Until the Grantee has satisfied all requirements for
vesting of the RSU Award and such vested shares have been issued and delivered pursuant to the
terms of the Plan and this RSU Agreement, the Grantee shall not be deemed to be a shareholder or to
have any of the rights of a shareholder with respect to any such shares of stock subject to the RSU
Award.

     14. Deferral of Compensation. Payments made pursuant to this Plan and RSU Agreement
are intended to comply with or qualify for an exemption from Section 409A of the Internal Revenue
Code (“Section 409A”). The Company reserves the right, to the extent the Company deems necessary
or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this RSU
Agreement to ensure that all shares subject to the RSU Award are made in a manner that qualifies
for exemption from or complies with Section 409A; provided however, that the Company makes no
representations that the shares will be exempt from Section 409A and makes no undertaking to
preclude Section 409A from applying to this RSU Award.

     15. Nature of the RSU Award. In accepting the RSU Award, the Grantee acknowledges and
agrees that:

          (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this RSU Agreement;

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          (b) the grant of the RSU Award is voluntary and occasional, and does not create any
contractual or other right to receive future RSU Awards, or benefits in lieu of RSU Awards, even if
RSU Awards have been granted repeatedly in the past;

          (c) all decisions with respect to future grants, if any, will be at the sole discretion of the
Company;

          (d) the Grantee is voluntarily participating in the Plan;

          (e) the RSU Award is an extraordinary item that does not constitute compensation of any kind
for services of any kind rendered to the Company, and which is outside the scope of the Grantee’s
employment contract, if any;

          (f) the RSU Award is not part of normal or expected compensation for any purposes, including,
but not limited to, calculating any severance, resignation, termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments;

          (g) because the Grantee is not an employee of the Company, the grant of the RSU Award will not
be interpreted to form an employment contract or relationship with the Company; and furthermore,
the grant of the RSU Award will not be interpreted to form an employment contract with any
subsidiary or Affiliate of the Company;

          (h) the future value of the shares is unknown and cannot be predicted with certainty;

          (i) the value of the shares obtained pursuant to the RSU Award may increase or decrease in
value;

          (j) in consideration of the grant of the RSU Award, the Grantee does not acquire any claim or
entitlement to compensation or damages that otherwise could arise from termination of the RSU Award
or diminution in value of the RSU Award, or shares acquired pursuant to the RSU Award, upon
termination of the Grantee’s service to the Company (for any reason whatsoever and whether or not
in breach of local labor laws), and the Grantee hereby irrevocably waives and releases the Company
from any such claim or entitlement that may arise; if, notwithstanding the foregoing, any such
claim or entitlement is found by a court of competent jurisdiction to have arisen;

          (k) by signing this RSU Agreement, the Grantee shall be deemed irrevocably to have waived his
or her right to pursue or seek remedy for any such claim or entitlement; and

          (l) the Committee shall have the exclusive discretion to determine when the Grantee is no
longer actively in service for purposes of this RSU Award.

     16. Data Privacy. The Grantee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of his or her personal data as described
in this document by and among, as applicable, the Company and its subsidiaries and Affiliates

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for the exclusive purpose of implementing, administering and managing the Grantee’s
participation in the Plan.

          The Grantee understands that the Company may hold certain personal information about him or
her, including, but not limited to, the Grantee’s name, home address and telephone number, date of
birth, social security or insurance number or other identification number, salary, nationality, job
title, any shares of stock or directorships held in the Company, details of the RSU or any other
entitlement to shares, canceled, exercised, vested, unvested or outstanding in the Grantee’s favor,
for the purpose of implementing, administering and managing the Plan (“Data”). The Grantee
understands that Data may be transferred to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in the Grantee’s
country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than the Grantee’s country. The Grantee understands that he or she may request a list
with the names and addresses of any potential recipients of the Data by contacting his or her local
human resources representative. The Grantee authorizes the recipients to receive, possess, use,
retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing the Grantee’s participation in the Plan, including any requisite
transfer of such Data as may be required to a broker or other third party with whom the Grantee may
elect to deposit any shares acquired after vesting of the RSU. The Grantee understands that Data
will be held as long as is reasonably necessary to implement, administer and manage the Grantee’s
participation in the Plan. The Grantee understands that he or she may, at any time, view Data,
request additional information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing the Grantee’s local human resources representative. The Grantee understands,
however, that refusing or withdrawing his or her consent may affect the Grantee’s ability to
participate in the Plan. For more information on the consequences of refusal to consent or
withdrawal of consent, the Grantee understands that he or she may contact his or her local human
resources representative.

     17. Language. If the Grantee has received this or any other document related to the
Plan or the RSU Award translated into a language other than English and if the translated version
is different than the English version, the English version will control.

     18. Mandatory Arbitration to Resolve Disputes. Any differences, disputes or
controversies arising from the RSU Award or this RSU Agreement, and rights or obligations
thereunder or hereunder, shall be exclusively submitted to binding arbitration before an
independent and qualified arbitrator in accordance with the American Arbitration Association and
its rules then in effect, without reference to conflict of laws principles. Arbitration shall be
the exclusive forum for any dispute, claim or cause arising hereunder, and the decision and award
by the arbitrator shall be final, binding upon and non-appealable by the parties and may be entered
in any state court of California having jurisdiction. The arbitrator shall be without authority or
jurisdiction to award either party its attorneys’ fees or costs incurred in the matter. In
addition, the arbitrator shall be without authority or jurisdiction to award either party, for any
claim, cause or action arising hereunder, any incidental, special, consequential or exemplary
damages of any
nature, including but not limited to punitive damages; provided, however, that provisional or
injunctive remedies and relief shall be available as appropriate to each party.

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     19. Waiver of Right to Jury Trial. Each party, to the fullest extent permitted by
law, waives any right or expectation against the other to trial or adjudication by a jury of any
claim, cause or action arising hereunder, or the rights, duties or liabilities created hereby.

****************************

     The Grantee acknowledges receipt of a copy of the Plan and the RSU Agreement, and represents
that he or she has had an opportunity to review these documents and to be familiar with the terms
and provisions thereof, and hereby accepts the RSU Award subject to all of the terms and provisions
hereof and thereof. The Grantee has reviewed the Plan and the RSU Agreement in their entirety, has
had an opportunity to obtain the advice of counsel prior to executing this RSU Agreement. The
Grantee agrees to notify the Company upon any change in the residence address indicated in this RSU
Agreement.

	 	 	 	 	 	 	 
	Submitted by:	 	Accepted by:	 	 
	 
	 	 	 	 	 	 
	GRANTEE:	 	ASYST TECHNOLOGIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	
(Signature)	 	Title: Vice President, General Counsel & Secretary	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Address:	 	Address:	 	 
	 
	 	 	 	 	 	 
	 	 	46897 Bayside Parkway	 	 
	 	 	Fremont, CA 94538	 	 

6exv10w1

 

Exhibit 10.1

TERMINATION AND REPURCHASE AGREEMENT

     This Termination and Repurchase Agreement, effective as of June 11, 2007, is entered into by
and between Aspect Medical Systems, Inc., a Delaware corporation having a principal place of
business at One Upland Road, Norwood, Massachusetts 02062 (“AMS”), and Boston Scientific
Corporation, a Delaware corporation having a principal place of business at One Boston Scientific
Place, Natick, Massachusetts 01760 (“BSC”).

     WHEREAS, AMS and BSC entered into that certain OEM Product Development Agreement as of August
7, 2002 (as amended January 31, 2005 and February 5, 2007, the “2002 Agreement”), pursuant to which
AMS was to develop certain products that BSC would then commercialize for sale and pursuant to
which AMS granted BSC an exclusive option to become the distributor for a period of time of certain
AMS products; and

     WHEREAS, AMS and BSC entered into that certain Product Development and Distribution Agreement
as of May 23, 2005 (the “2005 Agreement”) pursuant to which AMS was to develop new applications of
its brain-monitoring technology in the area of the diagnosis and treatment of neurological,
psychiatric and pain disorders and BSC was appointed the exclusive distributor of such products;
and

     WHEREAS, AMS and BSC entered into that certain Letter Agreement dated August 7, 2002 (the
“Letter Agreement”), and that certain Security Agreement dated August 7, 2002 (the “Security
Agreement”), pursuant to which BSC agreed to make revolving interest-bearing loans (the “Revolving
Loans”) to AMS from time to time at the request of AMS, such revolving loans being evidenced by
that certain promissory note in the original principal amount of $5,000,000 dated August 7, 2002
made by AMS in favor of BSC (the “Revolving Note” and together with the Letter Agreement and the
Security Agreement, the “Credit Agreements”); and

     WHEREAS, AMS and BSC entered into (a) that certain Stock Purchase Agreement dated as of
August 7, 2002 pursuant to which AMS sold and BSC purchased 1,428,572 shares (the “2002 Shares”) of
AMS Common Stock, $0.01 par value per share (the “Common Stock”) and (b) that certain Stock
Purchase Agreement dated as of April 7, 2004 pursuant to which AMS sold and BSC purchased 500,000
shares of Common Stock (the “2004 Shares” and together with the 2002 Shares, the “Initial Shares”);
and

     WHEREAS, BSC holds of record as of the date of this Agreement an aggregate of 6,013,239
shares (the “Shares”) of Common Stock, including the Initial Shares; and

     WHEREAS BSC and AMS now intend to terminate the 2002 Agreement, the 2005 Agreement and the
Credit Agreements and AMS will repurchase an aggregate of 2,000,000 Shares immediately, consisting
of the Initial Shares and an additional 71,428 Shares (collectively, the “Purchased Shares”) and
BSC will grant AMS an option to repurchase the remaining Shares, all on the terms set forth herein.

     NOW THEREFORE, the parties agree as follows:

 

 

ARTICLE I

TERMINATION

     1.1. TERMINATION OF 2002 AGREEMENT AND 2005 AGREEMENT. The 2002 Agreement and 2005 Agreement
shall terminate effective immediately upon and subject to completion of the delivery and payment
contemplated on the Initial Purchase Date pursuant to Section 2.1 hereof (the “Termination Date”)
and thereafter shall have no further force or effect. Notwithstanding anything to the contrary in
either Section 10.3 of the 2002 Agreement or Section 12.3 of the 2005 Agreement, all obligations
under such Agreements shall cease effective on the Termination Date, and on such Termination Date
all rights granted by either party under such Agreements shall terminate (including, but not
limited to, the rights and obligations specified in Section 10.3 of the 2002 Agreement or Section
12.3 of the 2005 Agreement as surviving termination) except that only Section 11.2 of the 2002
Agreement and Section 13.2 of the 2005 Agreement shall survive the Termination Date.

     1.2. TERMINATION OF CREDIT AGREEMENTS. The Credit Agreements shall terminate effective
immediately upon and subject to the Termination Date and thereafter shall have no further force or
effect and on the Termination Date the Revolving Note shall be deemed cancelled. In furtherance of
the foregoing, BSC agrees to execute such documents and instruments, and also hereby authorizes AMS
take such further actions and to execute and file any such documents and instruments, as may be
reasonably required in order to effect the release of any lien or security interest that may
currently be in force with respect to any Collateral (as defined in the Security Agreement) of AMS
pursuant to the Credit Agreements. BSC hereby agrees and acknowledges that no Revolving Loan, or
any interest or fees in connection therewith, or any other indebtedness of AMS to BSC, is currently
outstanding.

ARTICLE II

PURCHASE OF SHARES

     2.1. SALE AND PURCHASE; CONSIDERATION. On the terms and subject to the conditions herein, AMS
hereby agrees to purchase from BSC, and BSC hereby agrees to sell to AMS, the Purchased Shares at a
price per share equal to the average closing price of the Common Stock as reported on the Nasdaq
Global Market for the twenty (20) consecutive trading days up to and including the date of
execution of this Agreement (the “Initial Per Share Purchase Price”).

     2.2. DELIVERY AND PAYMENT. Within two business days after the date of execution of this
Agreement (the “Initial Purchase Date”) (i) BSC will deliver to AMS the certificate or certificates
representing the Purchased Shares, together with a stock power and assignment duly executed in
blank in the form attached hereto as Exhibit A, and (ii) AMS will deliver to BSC an amount
equal to the product of (x) the Initial Per Share Purchase Price multiplied by (y) the aggregate
number of Purchased Shares (the “Initial Purchase Price”), by wire transfer of U.S. Dollars in
immediately available funds.

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     2.3. REPRESENTATIONS AND WARRANTIES OF BSC. As an inducement to AMS to enter into this
Agreement, BSC hereby represents and warrants to AMS that the following statements are true,
correct and complete in all material respects as of the date hereof, and shall be true, correct and
complete in all material respects as of the Initial Purchase Date, and as of each Call Option
Purchase Date (except that on each Call Option Purchase Date, the representations with
respect to the Shares shall mean the total number of Shares being purchased on such date):

          2.3.1 Requisite Power and Authority. BSC has all requisite right, power and authority and
full legal capacity to enter into this Agreement, to carry out BSC’s obligations hereunder and to
consummate the transactions contemplated hereby. This Agreement has been duly executed and
delivered by BSC and, assuming due authorization, execution and delivery by AMS, constitutes a
valid and binding obligation of BSC enforceable against BSC in accordance with its terms.

          2.3.2 Ownership of Shares. BSC is the lawful owner of the Shares and has full right, title
and interest in and to the Shares, subject to no security interest, pledge, mortgage, lien, charge,
encumbrance, adverse claim, preemptive right, preferential arrangement or restriction of any kind,
including, without limitation, any restriction on the use, voting, transfer (other than
restrictions under the Securities Act of 1933, as amended, and state securities laws), receipt of
income or other exercise of any attributes of ownership that would impair BSC’s right or ability to
transfer the Shares to AMS.

          2.3.3 Information. BSC has had the opportunity to discuss with AMS’s officers and other
directors the terms of the transactions contemplated by this Agreement. BSC acknowledges that by
selling the Shares to AMS pursuant to this Agreement, BSC will not benefit in any way from any
future appreciation in the market value of the Shares repurchased by AMS or any future sale of AMS
or any of its subsidiaries of any of their assets and businesses or from any future distributions
of cash or other property by AMS to its shareholders.

          2.3.4 Purchase Price. BSC agrees that the Initial Purchase Price and the Option Purchase
Price (as defined below) were negotiated and determined between the parties following arm’s length
negotiations.

          2.3.5 Consents. No consent, approval, order, or authorization of, or registration,
qualification, designation, declaration, or filing of or with any governmental authority or third
party is required in connection with BSC’s sale of the Shares to AMS or with the consummation of
the transactions contemplated by this Agreement, except as may be required to be filed pursuant to
Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

     2.4 REPRESENTATIONS AND WARRANTIES OF AMS. AMS hereby represents and warrants to BSC that
the following statements are true, correct and complete in all material respects as of the date
hereof, and shall be true, correct and complete in all material respects as of the Initial Purchase
Date, and as of each Call Option Purchase Date (except that (i) on each Call Option
Purchase Date, the representations with respect to the Shares shall mean the total number of Shares
less any number of shares of Common Stock heretofore sold to AMS

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pursuant to this Agreement, and (ii) AMS makes the representation in Section 2.4.4 below only on
the date of this Agreement as first written above):

          2.4.1 Requisite Power and Authority. This Agreement and the transactions contemplated hereby
have been approved by the Board of Directors of AMS, or, in the alternative, by a committee of such
Board of Directors consisting solely of Non-Employee Directors (as such term is defined in Rule
16b-3(b)(3) promulgated under the Exchange Act). AMS has all requisite right, power and authority
and full legal capacity to enter into this Agreement, to carry out AMS’s obligations hereunder and
to consummation the transactions contemplated hereby. This Agreement has been duly executed and
delivered by AMS and, assuming due authorization, execution and delivery by BSC, constitutes a
valid and binding obligation of AMS enforceable against AMS in accordance with its terms.

          2.4.2 Consents. No consent, approval, order, or authorization of, or registration,
qualification, designation, declaration, or filing of or with any governmental authority or third
party is required in connection with AMS’s purchase of the Shares from BSC or with the consummation
of the transactions contemplated by this Agreement.

          2.4.3 Sufficiency of Capital. AMS has sufficient capital to meet its obligations pursuant to
Sections 2.1 and 2.2 hereunder.

          2.4.4 S-3 Eligibility. AMS is eligible to file a registration statement on Form S-3 with the
Securities and Exchange Commission covering the Shares.

ARTICLE III

LOCK-UP AND CALL OPTION

     3.1. LOCK-UP. For a period of 180 calendar days beginning on the date hereof (the “Lock-Up
Period”), BSC agrees that, except with the prior written consent of AMS or pursuant to Article II
above and Section 3.2 below, it will not sell, contract to sell, grant any option to purchase, or
dispose of any of the Shares. Notwithstanding the foregoing, BSC shall not be prohibited from
engaging in any transaction with respect to the Shares, provided that BSC is able to satisfy its
obligation under Section 3.2.2 hereof to deliver, within three business days, the Shares subject to
a particular Call Option Notice, subject to no security interest, pledge, mortgage, lien, charge,
encumbrance, adverse claim, preemptive right, preferential arrangement or restriction of any kind,
including, without limitation, any restriction on the use, voting, transfer (other than
restrictions under the Securities Act of 1933, as amended, and state securities laws), receipt of
income or other exercise of any attributes of ownership that would impair BSC’s right or ability to
transfer the Shares to AMS.

     3.2. CALL OPTION.

          3.2.1 Call Option. BSC hereby grants to AMS the unconditional right to purchase (the “Call
Option”), in one or more transactions, any and all of the 4,013,239 Shares (subject to
adjustment for any stock splits, stock dividends or similar adjustments to capitalization) not
purchased pursuant to Article II above (the “Option Shares”) at a price equal to the greater of
(x) $15 per Share and (y) the average closing price of the Common Stock, as

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reported on the Nasdaq Global Market, for a period of ten (10) consecutive trading days up to
and including the date that AMS exercises its Call Option pursuant to Section 3.2.2 below (the
“Call Option Price”). AMS shall have the right to exercise this Call Option from time to time
during the Lock-up Period.

          3.2.2 Exercise of Call Option. With respect to each such exercise of the Call Option, AMS
shall give written notice to BSC, which notice shall state that AMS is exercising its Call Option,
the number of Option Shares to be purchased in accordance with such exercise and the aggregate Call
Option Price. Within three business days after delivery of the Call Option Notice, BSC shall
surrender to AMS or its transfer agent all certificates for the Option Shares to be purchased,
together with a stock power and assignment duly executed in blank in the form attached hereto at
Exhibit A, in exchange for payment in full of the Call Option Price by wire transfer of
U.S. Dollars in immediately available funds for such Option Shares duly endorsed for transfer and
free and clear of any restrictions on transfer (other than restrictions under the Securities Act of
1933, as amended, and state securities laws), security interests, options, warrants, purchase
rights, contracts, commitments, equities, claims, and demands.

          3.2.3 Failure to Exercise Call Option. If AMS shall fail to exercise its Call Option during
the Lock-Up Period with respect to all of the Shares, and, at the expiration of the Lock-Up Period
BSC is deemed to beneficially own, under Section 13 of the Exchange Act, 10% or greater of the
Common Stock, BSC shall be deemed to have requested, in writing pursuant to Section 2.1 of that
certain Registration Rights Agreement dated the date hereof by and between AMS and BSC ( the
“Registration Rights Agreement”), that AMS file a registration on Form S-3 for the purpose of
registering, for resale, under the Securities Act of 1933, as amended, any Shares not purchased by
AMS pursuant to a Call Option. Thereafter, AMS shall comply with the requirements of the
Registration Rights Agreement with respect to all Shares not purchased by AMS.

ARTICLE IV

MISCELLANEOUS

     4.1. Governing Law. This Agreement shall be governed in all respects by the internal laws of
the Commonwealth of Massachusetts, without reference to any choice of law rules that would require
the application of the laws of any other jurisdiction.

     4.2. Survival. The representations, warranties, covenants and agreements made herein shall
survive the closing of the transactions contemplated hereby.

     4.3. Successors and Assigns; Assignment. This Agreement shall bind the successors and assigns
of each party, and inure to the benefit of each party or its successors and assigns. Neither party
may assign its rights or delegate its obligations hereunder without the prior written consent of
the other; provided, that notwithstanding the foregoing, either party may assign, without
the other party’s consent, its rights and obligations hereunder to an affiliate or to a purchaser
of all or substantially all of the assets or business of such party. No such assignment or
delegation shall relieve the assigning or delegating party from its obligations hereunder.

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     4.4. Entire Agreement and Waiver. This Agreement constitutes the complete, final and exclusive
statement of the agreement between the parties pertaining to the subject matter hereof and
supersedes all prior agreements, understandings, negotiations and discussions, whether oral or
written, of the parties; provided, however that Section 11.2 of the 2002 Agreement and Section 13.2
of the 2005 Agreement and the Registration Rights Agreement shall remain in effect. No amendment,
supplement, modification, rescission or waiver of this Agreement shall be binding unless executed
in a writing signed by a duly authorized officer of each of AMS and BSC. No waiver of any of the
provisions of this Agreement shall be deemed, or shall constitute, a continuing waiver unless
otherwise expressly provided.

     4.5. Specific Performance. The rights of the parties under this Agreement are unique and,
accordingly, the parties shall have the right, in addition to such other remedies as may be
available to any of them at law or in equity, to enforce their rights hereunder by actions for
specific performance in addition to any other legal or equitable remedies they might have to the
extent permitted by law.

     4.6. Severability. If a court of competent jurisdiction determines that any term or provision
of this Agreement is invalid or unenforceable, in whole or in part, then the remaining terms and
provisions hereof shall be unimpaired. Such court will have the authority to modify or replace the
invalid or unenforceable term or provision with a valid and enforceable term or provision that most
accurately represents the parties’ intention with respect to the invalid or unenforceable term or
provision.

     4.7. Notices. Unless otherwise provided herein, any notice, report, payment or document to be
given by one party to the other shall be in writing and shall be given in person, by any method of
mail (postage prepaid) requiring return receipt, or by overnight courier or facsimile. Notice
shall be deemed sufficiently given for all purposes upon the earlier of (i) the date received, (ii)
if sent by reputable overnight courier, one business day after it is deposited with such courier,
or (iii) the date of delivery, refusal or non-delivery indicated on the return receipt if deposited
in the United States mails, sent postage prepaid, certified or registered mail, return receipt
requested, addresses as provided below. If any such notice is hand delivered, the delivery shall
be effected upon receipted delivery. Notices shall be given, in the case of BSC, addressed to the
attention of the Treasurer, with a copy to the attention of the Assistant General Counsel at One
Boston Scientific Place, Natick, Massachusetts, 01760, and in the case of AMS, addressed to the
attention of Chief Financial Officer or to such other place as any party may designate as to itself
by written notice to the other party, with a copy to Susan Murley, Esq., Wilmer Cutler Pickering
Hale and Dorr LLP, 60 State Street, Boston, Massachusetts 02109.

     4.8. Expenses. Each party shall pay all costs and expenses that each, respectively, incurs
with respect to the negotiation, execution, delivery and performance of the Agreement.

     4.9. Construction. This Agreement shall be deemed drafted by both parties, and it shall not
be construed against either party as the drafter of the document.

     4.10. Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument.

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     4.11. Headings. Headings of the articles, sections and subsections of this Agreement are for
reference purposes only and shall not limit or affect the meaning or construction of the terms and
conditions hereof.

     4.12. Interpretation. Words such as “herein”, “hereinafter”, “hereof” and “hereunder” refer
to this Agreement as a whole and not merely to a section or paragraph in which such words appear,
unless the context otherwise requires. The singular shall include the plural, unless the context
otherwise requires. Whenever the word “include”, “includes” or “including” appears in this
Agreement, it shall be deemed in each instance to be followed by the words “without limitation.”

     4.13. Further Assurances. Each party covenants and agrees that, subsequent to the execution
and delivery of this Agreement and without any additional consideration, it will execute and
deliver any further legal instruments and perform any acts which are or may become reasonably
necessary to effectuate the purposes of this Agreement.

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     IN WITNESS WHEREOF, the parties have executed this Termination and Repurchase Agreement
effective as of the date first set forth above.

	 	 	 	 	 	 	 	 	 	 	 
	Aspect Medical Systems, Inc.	 	 	 	Boston Scientific Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Nassib Chamoun	 	 	 	By:	 	/s/ Lawrence C. Best	 	 
	 

	 	 

Name: Nassib Chamoun
	 	 
	 	 	 	 

Name: Lawrence C. Best
	 	 
	 

	 	Title: President & CEO
	 	 	 	 	 	Title: EVP	 	 

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Exhibit A

ASSIGNMENT SEPARATE FROM CERTIFICATE

     FOR VALUE RECEIVED and pursuant to that certain Agreement, dated as of June ___,
2007, BOSTON SCIENTIFIC CORPORATION, hereby sells, assigns and transfers unto ASPECT
MEDICAL SYSTEMS, INC., an aggregate of [___] shares of Common Stock of ASPECT MEDICAL
SYSTEMS, INC., standing in the undersigned’s name on the books of said corporation represented by
Certificate Nos. ___, ___and ___ herewith, and does hereby irrevocably constitute and appoint
AMS’s Secretary to transfer the said stock on the books of the said corporation with full power of
substitution in the premises.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Boston Scientific Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

Name:
	 	 
	 

	 	 	 	 	 	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}]]