Document:

EX-10.16

 Exhibit 10.16 
 TORNIER N.V. 2010 INCENTIVE PLAN 
 STOCK GRANT CERTIFICATE 

(IN THE FORM OF A RESTRICTED STOCK UNIT) 
 Tornier N.V., a public limited liability company organized under the laws of The Netherlands (the “Company”), in accordance with the Tornier N.V. 2010 Incentive Plan, as such plan may be amended
from time to time (the “Plan”), hereby grants to the individual named below, who shall be referred to as “Grantee”, a stock grant in the form of a restricted stock unit (the “Stock Grant”) for that number of shares of
Stock as indicated below, which Stock Grant and the issuance of such underlying shares of Stock shall be subject to all of the terms and conditions set forth in this Stock Grant Certificate and in the Plan. This grant has been made as of the grant
date indicated below, which shall be referred to as the “Grant Date”. 
  

			
		
	Grant Number:	  	
		
	Grantee:	  	
		
	Grant Date:	  	
		
	 Total Number of Shares
 Subject to Stock Grant:
	  	
		
	Vesting Schedule:	  	Subject to the terms and conditions contained in this Stock Grant Certificate, Grantee’s interest in the shares of Stock subject to this Stock Grant shall vest and be issued
in such increments and at such times as follows: (1) a certain percentage of such shares, as determined in accordance with the schedule below depending upon the month of the Grant Date (rounding down to the nearest whole number of shares), on June
1st following the Grant Date; and

  

			
	 Month of

Grant Date
	  	 Percentage of Shares of Stock

Underlying Stock Grant To Vest

	 June
	  	25.00%
	 July
	  	22.92%
	 August
	  	20.83%
	 September
	  	18.75%
	 October
	  	16.67%
	 November
	  	14.58%
	 December
	  	12.50%
	 January
	  	10.42%
	 February, March, April

or May
	  	0.00%

  

			
		  	(2) one-third of the remaining shares (in as equal installments as possible, and with the third and final tranche comprising of all remaining shares) on June 1st of each of the three years following the one-year anniversary of the
Grant Date.

 TERMS AND CONDITIONS 

1. Plan and Stock Grant Certificate. This Stock Grant is subject to all of the terms and conditions set forth in this Stock Grant
Certificate and in the Plan. If a determination is made that any term or condition set forth in this Stock Grant Certificate is inconsistent with the Plan, the Plan shall control. All of the capitalized terms not otherwise defined in this Stock
Grant Certificate shall have the same meaning in this Stock Grant Certificate as in the Plan. A copy of the Plan and the U.S. prospectus for the Plan have been delivered to Grantee together with this Stock Grant Certificate. 

2. Shareholder Status. Grantee shall have no rights as a shareholder of the Company with respect to the shares of Stock subject to
this Stock Grant until such shares have been issued pursuant to Section 3 of this Stock Grant Certificate. Notwithstanding the generality of the foregoing, Grantee shall not be entitled to vote any of the shares of Stock subject to this Stock
Grant until such shares have been issued pursuant to Section 3 of this Stock Grant Certificate or receive any dividends declared prior to the issuance of such shares or otherwise exercise any incidents of ownership with respect to such shares
of Stock until such shares have been issued pursuant to Section 3 of this Stock Grant Certificate. 
 3. Vesting and
Conditions to Issuance of Shares; Forfeiture. 
  

	 	(a)	Vesting and Conditions to Issuance of Shares. Subject to the terms and conditions contained in this Stock Grant Certificate, Grantee’s interest in the
shares of Stock subject to this Stock Grant shall vest and be issued in such increments and at such times as indicated in the foregoing Vesting Schedule. 

  

	 	(b)	Forfeiture of Rights to Receive Unissued Shares. 

  

	 	(1)	If Grantee’s continuous employment or service relationship (including service as an employee and as a consultant) with the Company terminates for any reason
whatsoever before his or her interest in all of the shares of Stock subject to this Stock Grant have vested and become issuable under Section 3(a), then Grantee shall (except as provided in Section 12 of the Plan) forfeit his or her rights
to receive all of the remaining shares of Stock subject to this Stock Grant that have not vested and been issued as of the date Grantee’s employment or service relationship with the Company so terminates. 

 

	 	(2)	 Notwithstanding Section 3(b)(1), if Grantee’s employment with the Company terminates before his or her interest in all of the shares of Stock
subject to this Stock Grant have vested and become issuable under Section 3(a) but Grantee at such time then becomes an independent consultant to the 

  
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Company, Grantee’s rights under this Stock Grant Certificate shall continue to vest in accordance with Section 3(a) so long as Grantee continues to provide services to the Company and
such change in status does not constitute a “separation from service” under Section 409A of the Code. 

  

	 	(3)	Except in instances where Grantee becomes an independent consultant to the Company as provided in clause (2) above, Grantee’s employment termination date
shall mean the last day that Grantee actively performs services in an employer-employee relationship for the Company, without regard to the reason for Grantee’s cessation of service and without regard to any advance notice period as may be
otherwise provided under local law. 

  

	 	(c)	Affiliates. For purposes of this Stock Grant Certificate, any reference to the Company shall include any Affiliate of the Company, and a transfer of employment
or service relationship between the Company and any Affiliate of the Company or between any Affiliate of the Company shall not be treated as a termination of employment or service relationship under the Plan or this Stock Grant Certificate.

  

	 	(d)	Effect of Actions Constituting Cause or Adverse Action. If Grantee is determined by the Committee, acting in its sole discretion, to have taken any action that
would constitute Cause or an Adverse Action during or within one (1) year after the termination of employment or other service with the Company, irrespective of whether such action or the Committee’s determination occurs before or after
termination of Grantee’s employment or other service with the Company and irrespective of whether or not Grantee was terminated as a result of such Cause or Adverse Action, (i) all rights of Grantee under this Stock Grant Certificate shall
terminate and be forfeited without notice of any kind, and (ii) the Committee in its sole discretion shall have the authority to rescind this Stock Grant and to require Grantee to pay to the Company, within ten (10) days of receipt from
the Company of notice of such rescission, any amount received or the amount of any gain realized as a result of such rescission (including any dividend equivalents paid or other distributions made with respect to this Stock Grant). The Company shall
be entitled to withhold and deduct from future wages of Grantee (or from other amounts that may be due and owing to Grantee from the Company) or make other arrangements for the collection of all amounts necessary to satisfy such payment obligations.
This Section 3(d) shall not apply following a Change in Control. 

  
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	 	(e)	Clawback Policy. This Stock Grant and the shares of Stock issuable pursuant to this Stock Grant are subject to forfeiture to or clawback by the Company to the
extent required and allowed by law, including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the Sarbanes Oxley Act of 2002 and any implementing rules and regulations promulgated thereunder, and pursuant to any forfeiture,
clawback or similar policy of the Company, as such laws, rules, regulations and policy may be in effect from time to time. 

  

	 	(f)	Sale of Business Unit. The Committee, in connection with the sale of any Affiliate, division or other business unit of the Company, may, within the
Committee’s sole discretion, take any or all of the following actions if this Stock Grant or the rights under this Stock Grant will be adversely affected by such transaction: 

 

	 	(1)	accelerate the time Grantee’s interest in the Stock subject to this Stock Grant will vest and the shares of Stock subject to this Stock Grant will be issued under
Section 3(a), or 

  

	 	(2)	provide for vesting after such sale or other disposition. 

  

	 	(g)	EU Age Discrimination Rules. If Grantee is a local national of and is employed in a country that is a member of the European Union, the grant of the Stock Grant
and the terms and conditions governing the Stock Grant are intended to comply with the age discrimination provisions of the EU Equal Treatment Framework Directive, as implemented into local law (the “Age Discrimination Rules”). To the
extent that a court or tribunal of competent jurisdiction determines that any provision of the Terms and Conditions is invalid or unenforceable, in whole or in part, under the Age Discrimination Rules, the Company, in its sole discretion, shall have
the power and authority to revise or strike such provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law. 

4. Change in Control. If there is a Change in Control of the Company, this Stock Grant shall be subject to the provisions of
Section 12 of the Plan with respect to such Change in Control. 
 5. Issuance of Shares; Book-Entry or Stock
Certificates. 
  

	 	(a)	Share Settlement. As soon as practicable after each date as of which shares of Stock subject to this Stock Grant become vested pursuant to Section 3, the
Company shall direct its transfer agent to issue such number of shares of Stock in the name of Grantee or a nominee in book entry or to issue one or more physical stock certificates representing such shares in the name of Grantee.

  
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	 	(b)	Cash Settlement. Notwithstanding anything in this Stock Grant Certificate to the contrary, the Company may, in its sole discretion, settle all or a portion of
this Stock Grant in the form of a cash payment to the extent settlement in shares of Stock is prohibited under local law, would require Grantee and/or the Company to obtain the approval of any governmental and/or regulatory body in Grantee’s
country of residence (or country of employment, if different), or is administratively burdensome. Alternatively, the Company may, in its sole discretion, settle all or a portion of this Stock Grant in the form of shares of Stock but require an
immediate sale of such shares of Stock (in which case, this Stock Grant Certificate shall give the Company the authority to issue sales instructions on Grantee’s behalf). 

 

	 	(c)	Repatriation; Compliance with Laws. As a condition of the grant of this Stock Grant, Grantee agrees to repatriate all payments attributable to the Stock Grant in
accordance with local foreign exchange rules and regulations in Grantee’s country of residence (and country of employment, if different). In addition, Grantee agrees to take any and all actions, and consents to any and all actions taken by the
Company and its Affiliates, as may be required to allow the Company and its Affiliates to comply with local laws, rules and regulations in Grantee’s country of residence (and country of employment, if different). Finally, Grantee agrees to take
any and all actions that may be required to comply with his or her personal legal and tax obligations under local laws, rules and regulations in Grantee’s country of residence (and country of employment, if different). 

6. Non-Transferable. No rights granted under this Stock Grant Certificate shall be transferable by Grantee other than by will or
by the laws of descent and distribution. 
 7. Other Laws. The Company shall have the right to refuse to issue to Grantee
or transfer shares of Stock subject to this Stock Grant if the Company acting in its absolute discretion determines that the issuance or transfer of such shares of Stock might violate any applicable law or regulation. 

8. Income Tax and Social Insurance Contributions Withholding. 

 

	 	(a)	 Regardless of any action the Company takes with respect to any or all income tax (including U.S. federal, state and local taxes and/or non-U.S. taxes),
social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), Grantee 

  
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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 Stock Grant, including the grant of the Stock Grant, the vesting of the Stock Grant, and the settlement of the Stock Grant; and (ii) does not
commit to structure the terms of the Stock Grant or any aspect of the Stock Grant to reduce or eliminate Grantee’s liability for Tax-Related Items. 

  

	 	(b)	Grantee’s acceptance of this Stock Grant constitutes Grantee’s agreement to execute and deliver to the Company a Tax Withholding Payment Authorization in
substantially the form attached as Exhibit A to this Stock Grant Certificate if requested to do so by the Company. If Grantee’s country of residence (and/or the country of employment, if different) requires withholding of Tax-Related
Items and if Grantee has not executed and delivered to the Company the Tax Withholding Payment Authorization prior to the one or more dates on which a Grantee’s liability for a Tax-Related Item becomes due as determined by applicable law
(generally, the date or dates that shares of Stock underlying this Stock Grant vest and become issuable pursuant to Section 3(a) of this Stock Grant Certificate) (any such date, the “Taxable Date”), then prior to the delivery of
shares of Stock upon the vesting of the Stock Grant, the Company: (i) shall withhold a sufficient number of whole shares of Stock otherwise issuable upon the vesting of the Stock Grant that have an aggregate Fair Market Value sufficient to pay
the minimum Tax-Related Items required to be withheld (in which case, the cash equivalent of such withheld shares of Stock shall be used to settle the withholding obligation); or (ii) shall withhold an amount from Grantee’s regular salary
and/or wages, or from any other amounts payable to Grantee. In cases where shares of Stock are withheld and the Fair Market Value of the number of whole shares of Stock withheld is greater than the minimum Tax-Related Items required to be withheld,
the Company shall make a cash payment to Grantee equal to the difference as soon as administratively practicable. 

  

	 	(c)	 In the event the withholding requirements are not satisfied through the sale of shares of Stock pursuant to the Tax Withholding Payment Authorization,
through the withholding of shares of Stock or through Grantee’s regular salary and/or wages or other amounts payable to Grantee, no shares of Stock will be issued to Grantee unless and until satisfactory arrangements (as determined by the
Committee) have been made by Grantee with respect to the payment of any Tax-Related Items which the Company determines, in its sole discretion, must be withheld or collected with respect to the Stock Grant. By accepting the grant of the Stock Grant,

  
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Grantee expressly consents to the withholding of shares of Stock and/or the withholding of amounts from Grantee’s regular salary and/or wages, or other amounts payable to Grantee, as
provided for hereunder. All other Tax-Related Items related to the Stock Grant and any shares of Stock acquired pursuant to the vesting of the Stock Grant are Grantee’s sole responsibility. 

9. Data Privacy Consent. Pursuant to applicable personal data protection laws, the Company hereby notifies Grantee of the
following in relation to Grantee’s personal data and the collection, processing and transfer of such data in relation to the Company’s grant of the Stock Grant and Grantee’s participation in the Plan. The collection, processing and
transfer of Grantee’s personal data is necessary for the Company’s administration of the Plan and Grantee’s participation in the Plan. Grantee’s denial and/or objection to the collection, processing and transfer of personal data
may affect Grantee’s participation in the Plan. As such, Grantee voluntarily acknowledges and consents (where required under applicable law) to the collection, use, processing and transfer of personal data as described herein. 

The Company holds certain personal information about Grantee, including Grantee’s name, home address and telephone number, date of
birth, social security number or other employee identification number, salary, nationality, job title, any shares of Stock or directorships held in the Company, details of all equity awards or any other entitlement to shares of Stock awarded,
canceled, purchased, vested, unvested or outstanding in Grantee’s favor, for the purpose of managing and administering the Plan (“Data”). The Data may be provided by Grantee or collected, where lawful, from third parties, and the
Company will process the Data for the exclusive purpose of implementing, administering and managing Grantee’s participation in the Plan. The Data processing will take place through electronic and non-electronic means according to logics and
procedures strictly correlated to the purposes for which Data are collected and with confidentiality and security provisions as set forth by applicable laws and regulations in Grantee’s country of residence. Data processing operations will be
performed minimizing the use of personal and identification data when such operations are unnecessary for the processing purposes sought. Data will be accessible within the Company’s organization only by those persons requiring access for
purposes of the implementation, administration and operation of the Plan and for Grantee’s participation in the Plan. 

The Company will transfer Data as necessary for the purpose of implementation, administration and management of Grantee’s
participation in the Plan, and the Company may further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These recipients may be located in the European Economic Area, or
elsewhere throughout the world, such as the United States. Grantee hereby authorizes (where required under applicable law) them to receive, possess, use, retain and transfer the Data, in electronic or other form, for purposes of implementing,
administering and managing Grantee’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of Stock on Grantee’s behalf to a
broker or other third party with whom Grantee may elect to deposit any shares of Stock acquired pursuant to the Plan. 

  
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 Grantee may, at any time, exercise his or her rights provided under applicable personal data
protection laws, which may include the right to (a) obtain confirmation as to the existence of the Data, (b) verify the content, origin and accuracy of the Data, (c) request the integration, update, amendment, deletion, or blockage
(for breach of applicable laws) of the Data, and (d) to oppose, for legal reasons, the collection, processing or transfer of the Data which is not necessary or required for the implementation, administration and/or operation of the Plan and
Grantee’s participation in the Plan. Grantee may seek to exercise these rights by contacting Grantee’s local HR manager or the Company’s Human Resources Department. 

10. No Right to Continue Employment or Service. None of the Plan, this Stock Grant Certificate, or any related material shall give
Grantee the right to remain employed by the Company or to continue in the service of the Company in any other capacity. 
 11.
Venue. In accepting this Stock Grant, Grantee is deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of the State of Minnesota of the United States of America to resolve any and all issues that may arise
out of or relate to this Stock Grant and this Stock Grant Certificate. 
 12. Binding Effect. This Stock Grant
Certificate shall be binding upon the Company and Grantee and their respective heirs, executors, administrators and successors. 

13. Headings and Sections. The headings contained in this Stock Grant Certificate are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Stock Grant Certificate. All references to sections in this Stock Grant Certificate shall be to sections of this Stock Grant Certificate unless otherwise expressly stated as part of such
reference. 
 14. Nature of the Grant. In accepting this Stock Grant, Grantee acknowledges 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 or this Stock Grant Certificate; 

  

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

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

 

	 	(d)	Grantee is voluntarily participating in the Plan; 

  

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

  

	 	(f)	the Stock Grant is not part of normal or expected compensation or salary 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 and in no event should be considered as compensation for, or relating in any way to, past services for the Company;

  

	 	(g)	in the event that Grantee is not an employee of the Company, the Stock Grant will not be interpreted to form an employment contract or relationship with the Company;
and furthermore, the Stock Grant will not be interpreted to form an employment contract with the Employer of the Company; 

  

	 	(h)	the future value of the underlying shares of Stock subject to this Stock Grant is unknown and cannot be predicted with certainty and if Grantee vests in the Stock Grant
and is issued the shares of Stock, the value of those shares may increase or decrease; 

  

	 	(i)	in consideration of the grant of the Stock Grant, no claim or entitlement to compensation or damages shall arise from termination of the Stock Grant or diminution in
value of the Stock Grant or shares of Stock acquired upon vesting of the Stock Grant resulting from termination of Grantee’s employment or service by the Company (for any reason whatsoever and whether or not in breach of local labor laws) and
Grantee irrevocably releases the Company from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Stock Grant Certificate, Grantee shall
be deemed irrevocably to have waived his or her entitlement to pursue such claim; 

  

	 	(j)	 in the event of termination of Grantee’s employment or service (whether or not in breach of local labor laws), Grantee’s right to receive the
Stock Grant and vest in the Stock Grant under the Plan, if any, will terminate effective as of the date that Grantee is no longer actively employed or providing service and will not be

  
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extended by any notice period mandated under local law (e.g., active employment or service would not include a period of “garden leave” or similar period pursuant to local law);
furthermore, in the event of termination of Grantee’s employment or service (whether or not in breach of local labor laws), Grantee’s right to vest in the Stock Grant after such termination, if any, will be measured by the date of
termination of Grantee’s active employment or service and will not be extended by any notice period mandated under local law; the Committee shall have the exclusive discretion to determine when Grantee is no longer actively employed or
providing service for purposes of his or her Stock Grant; 

  

	 	(k)	the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Grantee’s participation in the Plan, or
Grantee’s acquisition or sale of the underlying shares of Stock; and 

  

	 	(l)	Grantee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any
action related to the Plan or the Stock Grant. 

 15. Private Placement. If Grantee is resident and/or
employed outside of the United States, the grant of the Stock Grant is not intended to be a public offering of securities in Grantee’s country of residence (and country of employment, if different). The Company has not submitted any
registration statement, prospectus or other filing with the local securities authorities (unless otherwise required under local law), and the Stock Grant is not subject to the supervision of the local securities authorities. 

16. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the Stock Grant
granted to Grantee under the Plan by electronic means. Grantee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company
or a third party designated by the Company. 
 17. English Language. If Grantee is resident outside of the United States,
Grantee acknowledges and agrees that it is Grantee’s express intent that this Stock Grant Certificate, the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Stock Grant, be drawn up in
English. If Grantee has received this Stock Grant Certificate, the Plan or any other documents related to the Stock Grant translated into a language other than English, and if the meaning of the translated version is different from the English
version, the meaning of the English version shall control. 
 18. Addendum. Notwithstanding any provisions of this Stock
Grant Certificate to the contrary, the Stock Grant shall be subject to any special terms and conditions for 

  
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Grantee’s country of residence (and country of employment, if different), as are forth in the applicable Addendum to this Stock Grant Certificate. Further, if Grantee transfers residence
and/or employment to another country reflected in an Addendum to this Stock Grant Certificate, the special terms and conditions for such country will apply to Grantee to the extent the Company determines, in its sole discretion, that the application
of such terms and conditions is necessary or advisable in order to comply with local law or to facilitate the operation and administration of the Stock Grant and the Plan (or the Company may establish additional terms and conditions as may be
necessary or advisable to accommodate Grantee’s transfer). Any applicable Addendum shall constitute part of this Stock Grant Certificate. 
 19. Additional Requirements. The Company reserves the right to impose other requirements on the Stock Grant, any payment made pursuant to the Stock Grant, and Grantee’s participation in the
Plan, to the extent the Company determines, in its sole discretion, that such other requirements are necessary or advisable in order to comply with local law or to facilitate the operation and administration of the Stock Grant and the Plan. Such
requirements may include (but are not limited to) requiring Grantee to sign any agreements or undertakings that may be necessary to accomplish the foregoing. 
 [Remainder of page intentionally left blank] 

  
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 TORNIER N.V. 2010 INCENTIVE PLAN 

ADDENDUM TO 

STOCK GRANT CERTIFICATE 
 AUSTRALIA 
 In addition to the provisions of the Tornier N.V. 2010
Incentive Plan, as such plan may be amended from time to time (the “Plan”), and the Stock Grant Certificate (the “Stock Grant Certificate”), the Stock Grant is subject to the following additional terms and conditions. All defined
terms as contained in this Addendum shall have the same meaning as set forth in the Plan and the Stock Grant Certificate. If Grantee transfers residency and/or employment to another country reflected in an Addendum, the additional terms and
conditions for such country (if any) will apply to the Stock Grant to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law or to
facilitate the operation and administration of the Stock Grant and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate the Grantee’s transfer). 

1. Stock Grant Conditioned on Satisfaction of Regulatory Obligations. If Grantee is (a) a director of an Affiliate
incorporated in Australia, or (b) a person who is a management-level executive of an Affiliate incorporated in Australia and who also is a director of an Affiliate incorporated outside of the Australia, the grant of the Stock Grant is
conditioned upon satisfaction of the shareholder approval provisions of section 200B of the Corporations Act 2001 (Cth) in Australia. 
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 TORNIER N.V. 2010 INCENTIVE PLAN 

ADDENDUM TO 

STOCK GRANT CERTIFICATE 
 NETHERLANDS 
 In addition to the provisions of the Tornier N.V. 2010
Incentive Plan, as such plan may be amended from time to time (the “Plan”), and the Stock Grant Certificate (the “Stock Grant Certificate”), the Stock Grant is subject to the following additional terms and conditions. All defined
terms as contained in this Addendum shall have the same meaning as set forth in the Plan and the Stock Grant Certificate. If Grantee transfers residency and/or employment to another country reflected in an Addendum, the additional terms and
conditions for such country (if any) will apply to the Stock Grant to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law or to
facilitate the operation and administration of the Stock Grant and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate the Grantee’s transfer). 

1. Waiver of Termination Rights. As a condition to the grant of the Stock Grant, Grantee hereby waives any and all rights to
compensation or damages as a result of the termination of Grantee’s employment with the Company or any reason whatsoever, insofar as those rights result or may result from (a) the loss or diminution in value of such rights or entitlements
under the Plan, or (b) Grantee ceasing to have rights under, or ceasing to be entitled to any awards under the Plan as a result of such termination. 
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 TORNIER N.V. 2010 INCENTIVE PLAN 

ADDENDUM TO 

STOCK GRANT CERTIFICATE 
 SPAIN 
 In addition to the provisions of the Tornier N.V. 2010 Incentive
Plan, as such plan may be amended from time to time (the “Plan”), and the Stock Grant Certificate (the “Stock Grant Certificate”), the Stock Grant is subject to the following additional terms and conditions. All defined terms as
contained in this Addendum shall have the same meaning as set forth in the Plan and the Stock Grant Certificate. If Grantee transfers residency and/or employment to another country reflected in an Addendum, the additional terms and conditions for
such country (if any) will apply to the Stock Grant to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law or to facilitate the
operation and administration of the Stock Grant and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate the Grantee’s transfer). 

1. Termination for Cause. Notwithstanding anything to the contrary in the Plan or the Stock Grant Certificate, “Cause”
shall be defined in the Plan, irrespective of whether the termination is or is not considered a fair termination (i.e., “despido procedente”) under Spanish legislation. 

2. Grantee Labor Acknowledgement. The following provision supplements Section 14 of the Stock Grant Certificate: 

In accepting the Stock Grant, Grantee acknowledges that he or she consents to participation in the Plan and has received a copy of the
Plan. Further, Grantee understands and agrees that, as a condition of the grant of Stock Grant, Grantee’s termination of employment for any reason (including for the reasons listed below) will automatically result in the cancellation and loss
of any Stock Grant that may have been granted to Grantee and that were not fully vested on the date of termination. In particular, Grantee understands and agrees that the Stock Grant will be cancelled without entitlement to vesting for the
acquisition of shares of Stock or to any amount as indemnification if Grantee terminates employment by reason of, including, but not limited to: resignation, death, disability, retirement, disciplinary dismissal adjudged to be with Cause,
disciplinary dismissal adjudged or recognized to be without Cause, individual or collective layoff on objective grounds, whether adjudged to be with Cause or adjudged or recognized to be without Cause, material modification of the terms of
employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Company, and under Article 10.3 of Royal Decree 1382/1985.
Furthermore, Grantee understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Stock Grant under the Plan to individuals who may be Grantees of the

  
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Company or an Affiliate throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise
bind the Company or an Affiliate on an ongoing basis. Consequently, Grantee understands that the Stock Grant is granted on the assumption and condition that the Stock Grant and the shares of Stock issued upon vesting of the Stock Grant shall not
become a part of any employment contract (either with the Company or an Affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, Grantee
understands that the grant of the Stock Grant would not be made to Grantee but for the assumptions and conditions referred to above; thus, Grantee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of
the conditions not be met for any reason, then any grant of Stock Grant shall be null and void. 

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 TORNIER N.V. 2010 INCENTIVE PLAN 

ADDENDUM TO 

STOCK GRANT CERTIFICATE 
 UNITED KINGDOM 
 In addition to the provisions of the Tornier N.V. 2010
Incentive Plan, as such plan may be amended from time to time (the “Plan”), and the Stock Grant Certificate (the “Stock Grant Certificate”), the Stock Grant is subject to the following additional terms and conditions. All defined
terms as contained in this Addendum shall have the same meaning as set forth in the Plan and the Stock Grant Certificate. If Grantee transfers residency and/or employment to another country reflected in an Addendum, the additional terms and
conditions for such country (if any) will apply to the Stock Grant to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local law or to
facilitate the operation and administration of the Stock Grant and the Plan (or the Company may establish additional terms and conditions as may be necessary or advisable to accommodate the Grantee’s transfer). 

1. Income Tax and Social Insurance Contribution Withholding. The following provisions shall replace Section 8 of the Stock
Grant Certificate: 
 (a) Regardless of any action the Company takes with respect to any or all income tax, primary and
secondary Class 1 National Insurance contributions, payroll tax or other tax-related withholding attributable to or payable in connection with or pursuant to the grant or vesting of the Stock Grant, or the release or assignment of the Stock Grant
for consideration, or the receipt of any other benefit in connection with the Stock Grant (“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 Stock Grant, including the grant of the Stock Grant and the
vesting of the Stock Grant; and (ii) does not commit to structure the terms of the Stock Grant or any aspect of the Stock Grant to reduce or eliminate Grantee’s liability for Tax-Related Items. 

(b) As a condition of settling the Stock Grant following the date of vesting, the Company shall be entitled to withhold and Grantee
agrees to pay, or make adequate arrangements satisfactory to the Company to satisfy, all obligations of the Company to account to HM Revenue & Customs (“HMRC”) for any Tax-Related Items. In this regard, Grantee authorizes the
Company to withhold all applicable Tax-Related Items legally payable by Grantee from any wages or other cash compensation paid to Grantee by the Company. Alternatively, or in addition, if permissible under local law, Grantee authorizes the Company,
at its discretion and pursuant to such procedures as it may specify from time to time, to satisfy the obligations with regard to all Tax-Related Items legally payable by Grantee by one or a combination of the following: (i) withholding
otherwise deliverable shares of Stock; (ii) arranging for the sale of shares of Stock 

  
 -16-

 
otherwise deliverable to Grantee (on Grantee’s behalf and at Grantee’s direction pursuant to this authorization); or (iii) withholding from the proceeds of the sale of any shares
of Stock acquired upon the vesting of the Stock Grant. If the obligation for Tax-Related Items is satisfied by withholding a number of whole shares of Stock as described herein, Grantee shall be deemed to have been issued the full number of whole
shares of Stock issued upon vesting of the Stock Grant, notwithstanding that a number of shares of Stock are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Stock Grant. If, by the date on which
the event giving rise to the Tax-Related Items occurs (the “Chargeable Event”), Grantee has relocated to a country other than the United Kingdom, Grantee acknowledges that the Company may be required to withhold or account for Tax-Related
Items in more than one country, including the United Kingdom. Grantee also agrees that the Company may determine the amount of Tax-Related Items to be withheld and accounted for by reference to the maximum applicable rates, without prejudice to any
right which Grantee may have to recover any overpayment from the relevant tax authorities. 
 (c) Grantee shall pay to the
Company any amount of Tax-Related Items that the Company may be required to account to HMRC with respect to the Chargeable Event that cannot be satisfied by the means previously described. If payment or withholding is not made within 90 days of the
Chargeable Event or such other period as required under U.K. law (the “Due Date”), Grantee agrees that the amount of any uncollected Tax-Related Items shall (assuming Grantee are not a director or executive officer of the Company (within
the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), constitute a loan owed by Grantee to the Company, effective on the Due Date. Grantee agrees that the loan will bear interest at the then-current HMRC
Official Rate and it will be immediately due and repayable, and the Company may recover it at any time thereafter by any of the means referred to above. If any of the foregoing methods of collection are not allowed under applicable laws or if
Grantee fails to comply with Grantee’s obligations in connection with the Tax-Related Items as described in this section, the Company may refuse to deliver any shares of Stock otherwise issuable upon the vesting of the Stock Grant. 

2. Exclusion of Claim. Grantee acknowledges and agrees that Grantee will have no entitlement to compensation or damages in
consequence of the termination of Grantee’s employment with the Company for any reason whatsoever and whether or not in breach of contract, insofar as such entitlement arises or may arise from Grantee’s ceasing to have rights under or to
be entitled to vesting of the Stock Grant as a result of such termination, or from the loss or diminution in value of the Stock Grant. Upon the grant of the Stock Grant, Grantee shall be deemed to have irrevocably waived any such entitlement.

 *         *        
*         *         * 

  
 -17-

 TORNIER N.V. 
 By:                                 
                                         

 Name: David H. Mowry 
 Title:
President and Chief Executive Officer 
 *        
*         *         *         * 
 Grantee acknowledges receipt of a copy of the Plan, represents that he or she is familiar with the terms and provisions thereof, and hereby accepts the Stock Grant subject to all of the terms and
provisions hereof and thereof. Grantee has reviewed this Stock Grant Certificate and the Plan in their entirety, has had an opportunity to obtain the advice of counsel and fully understands all provisions of this Stock Grant Certificate and the
Plan. Grantee also acknowledges receipt of the U.S. prospectus for the Plan. 
  

					
	Dated:                            
                              	  	Signed:	  	  

			
		  	Name:	  	  

			
		  	Address:	  	  

			
		  		  	  

			
		  		  	  

  
 -18-EX-10.3

 Exhibit 10.3 

 

							
		  		  	 

	 	 WebMD Health Corp.
 111 Eighth
Avenue
 New York, NY 10011

212.624.3700 Phone

 [Date] 
 [Name and Address of Indemnitee] 
  

	 	Re:	Priority of Advancement and Indemnification Obligations 

 Reference is made to that certain Indemnfication Agreement, dated as of the date hereof, by and between WebMD Health Corp. (the “Company”) and
                    (“Indemnitee”), as the same may be amended from time to time (the “Indemnification
Agreement”). All initially capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Indemnification Agreement. 

The Company hereby acknowledges that, in addition to the rights to indemnification and/or advance of expenses for damages, judgments,
liabilities, assessments, fines, penalties, amounts paid in settlement, fees, costs (including attorneys’ fees and costs) and other losses (“Losses”) provided to Indemnitee by the Company (the “Company Indemnification
Obligations”) pursuant to the Indemnification Agreement and the Company’s certificate of incorporation and bylaws (the “Company Indemnification Documents”), Indemnitee may have certain rights of indemnification and/or
advancement of expenses provided by, or insurance obtained by,                     (the “Employer”) or its affiliates other
than the Company (the “Employer Indemnification Obligations”). In consideration of the mutual agreements herein contained, and other good and valuable consideration, including the agreement of Indemnitee to serve as director of the
Company, the receipt and sufficiency of which is hereby acknowledged, all parties intending to be legally bound, hereby agree as follows: 
  

	1.	Company is Primary Obligor. 

 The Company hereby acknowledges and agrees that, with respect to the Company Indemnification Obligations, to the fullest extent permitted by law: (i) the Company is the indemnitor of first resort and
has the primary obligation, and any Employer Indemnification Obligations and any insurer’s obligation to provide advancement or indemnification to Indemnitee under an insurance policy issued to the Employer or any affiliate thereof (other than
the Company) for the same Losses are secondary, and (ii) the Company irrevocably waives and 

  
 1 

 
relinquishes (and covenants and agrees not to exercise) any claims or rights that it may now have or hereafter acquire against the Employer (or any affiliate thereof, other than the Indemnitee)
that arise from or relate to the existence, payment, performance or enforcement of the Company Indemnification Obligations, including any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate
in any claim or remedy of the Indemnitee against the Employer, whether such claim, remedy or right arises in equity or under contract, statute, common law or otherwise, including any right to claim, take or receive from the Employer, directly or
indirectly, in cash or other property or by set-off or in any other manner, any payment or security or other credit support on account of such claim, remedy or right. 
  

	2.	Miscellaneous. 

  

	 	(a)	This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts entered into and performed entirely
within such State. 

  

	 	(b)	This Agreement may be amended, modified, extended or terminated (and the provisions hereof may be waived) only by a written agreement specifically identified as such
and signed by the Indemnitee and the Company. No oral amendment, modification or waiver of this Agreement shall be effective. 

  

	 	(c)	The Employer is and shall be considered an express third-party beneficiary of the rights of the Indemnitee hereunder and shall be entitled to enforce this Agreement to
the same extent as the Indemnitee. 

  

	 	(d)	This Agreement may be executed in any number of counterparts and by each of the parties in separate counterparts, each of which when so executed will be deemed to be an
original and all of which together will constitute one and the same instrument. 

  

	 	(e)	This parties hereto acknowledge that this Agreement is not intended to change the nature or type of Losses subject to the Company Indemnification Obligations and is
intended to affect only the priorities for responsibility for indemnification and/or advancement of expenses for such Losses. Except as, and to the extent, expressly provided herein, the Company Indemnification Obligations remain unchanged by this
Agreement. 

  

			
	 Very truly yours,
  

WEBMD HEALTH CORP.

		
	By:	 	 
		 	 Name:

Title:

 ACKNOWLEDGED AND AGREED TO as of the date of this letter. 

 

			
		
	 By:
	 	 

  
 2

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