Document:

Exhibit 10.13 to St. Jude Medical, Inc. Form 10-K for fiscal year ended 12-31-2005

Exhibit 10.13 

ST. JUDE MEDICAL, INC.

AMENDED AND RESTATED 1998 STOCK OPTION PLAN

(formerly known as the Quest Medical, Inc. 1998 Stock Option Plan) 

        1.    Purpose
of the Plan.   The purposes of the Plan are (i) to attract and retain the best available personnel for
positions of substantial responsibility, (ii) to attract and retain directors and advisory directors with a high degree of
training, experience and ability and (iii) to provide incentives to such personnel, directors and advisory directors to
promote the success of the business of St. Jude Medical, Inc. and its subsidiaries. 

        Certain options granted under
this Plan are intended to qualify as “incentive stock options” pursuant to Section 422 of the Internal Revenue Code of
1986, as amended from time to time, while certain other options granted under the Plan will constitute nonqualified options.

        2.    Definitions.   As
used herein, the following definitions shall apply:  

                (a)    “Board” means
the Board of Directors of the Corporation.  

                (b)              “Common
Stock” means the Common Stock, $.10 par value per share, of the Corporation. Except as otherwise provided herein, all Common
Stock issued pursuant to the Plan shall have the same rights as all other issued and outstanding shares of Common Stock, including
but not limited to voting rights, the right to dividends, if declared and paid, and the right to pro rata distributions of the
Corporation’s assets in the event of liquidation. 

                (c)              “Code” means
the Internal Revenue Code of 1986, as amended from time to time. 

                (d)              “Committee” means
the committee described in Section 18(a) that administers the Plan. 

                (e)              “Corporation” means
St. Jude Medical, Inc., a Minnesota corporation. 

                (f)              “Date
of Grant” means the date on which an Option is granted pursuant to this Plan or, if the Committee so determines, the date
specified by the Committee as the date the award is to be effective. 

                (g)              “Director” means
any director, advisory director or consultant of the Corporation or one of its Subsidiaries, but excluding any director, advisory
director or consultant who is also an officer or employee of the Corporation or one of its Subsidiaries. 

                (h)              “Employee” means
any officer or other key employee of the Corporation or one of its Subsidiaries, including any director who is also an officer or
key employee of the Corporation or one of its Subsidiaries. 

                (i)              “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 

                (j)              “Executive” means
an Employee who is, or in the judgment of the Committee may become, the Chief Executive Officer of the Corporation or one of the
other four most highly compensated executive officers of the Corporation. 

                (k)              “Fair
Market Value” means the closing sale price (or average of the quoted closing bid and asked prices if there is no closing sale
price reported) of the Common Stock on the trading day immediately prior to the date specified as reported by the New York Stock
Exchange or by the principal national stock exchange on which the Common Stock is then listed. If there is no reported price
information for the Common Stock, the Fair Market Value will be determined by the Committee, in its sole discretion. In making
such determination, the Committee may, but shall not be obligated to, commission and rely upon an independent appraisal of the
Common Stock. 

  

                (l)              “Non-Employee
Director” means an individual who is a “non-employee director” as defined in Rule 16b-3 under the Exchange Act and
also an “outside director” within the meaning of Treasury Regulation ss. 1.162-27(e)(3). 

                (m)              “Nonqualified
Option” means any Option that is not a Qualified Option. 

                (n)              “Option” means
a stock option granted pursuant to Section 6 of this Plan. 

                (o)              “Optionee” means
any Employee or Director who receives an Option. 

                (p)              “Participant” means
any Employee or Director who receives an Option pursuant to this Plan. 

                (q)              “Plan” means
the St. Jude Medical, Inc. Amended and Restated 1998 Stock Option Plan (which was formerly known as the Quest Medical, Inc. 1998
Stock Option Plan), as amended from time to time. 

                (r)              “Qualified
Option” means any Option that is intended to qualify as an “incentive stock option” within the meaning of Section
422 of the Code. 

                (s)              “Rule
16b-3” means Rule 16b-3 of the rules and regulations under the Exchange Act, as Rule 16b-3 may be amended from time to time,
and any successor provisions to Rule 16b-3 under the Exchange Act. 

                (t)              “Subsidiary” means
any now existing or hereinafter organized or acquired company of which more than fifty percent (50%) of the issued and outstanding
voting stock is owned or controlled directly or indirectly by the Corporation or through one or more Subsidiaries of the
Corporation. 

        3.    Term
of Plan.   The Plan was adopted by the Board of Directors of Quest Medical, Inc. effective as of April 9, 1998
and approved by the shareholders of Quest Medical, Inc. on May 28, 1998. The Plan was assumed by the Corporation pursuant to the
terms of the Agreement and Plan of Merger among the Corporation, Apollo Merger Corp., and Advanced Neuromodulation Systems, Inc.,
dated as of October 15, 2005 (the “Merger Agreement”). The Plan was amended pursuant to resolutions adopted by the Board
on October 14, 2005 in order to make changes necessary to reflect the assumption of the Plan by the Corporation. Pursuant to the
Merger Agreement, at the Effective Time (as defined in the Merger Agreement), the then outstanding Options under the Plan were
converted into Options to purchase Common Stock. After the Effective Time, no additional Options will be granted under the Plan.
The Plan shall continue in effect so long as Options granted under the Plan remain outstanding, subject to earlier termination as
provided under Section 18(a). 

        4.    Shares
Subject to the Plan.  When the Plan was adopted by the Board of Directors and shareholders of Quest Medical, Inc. it
contained the following provision: “Except as otherwise provided in Section 17 hereof, the aggregate number of shares of
Common Stock issuable upon the exercise of Options pursuant to this Plan shall be 800,000 shares; provided, however, that on
January 1 of each year (commencing on January 1, 1999), the aggregate number of shares of Common Stock then issuable
upon the exercise of Options shall be increased by the same percentage that the total number of issued and outstanding shares of
Common Stock increased from the preceding January 1 to the following December 31 (if such percentage is positive). For
example, if the total number of issued and outstanding shares of Common Stock on January 1, 1999 were 5,000,000, the total
number of issued and outstanding shares of the Corporation on December 31, 1999 were 5,500,000, and the aggregate number of
shares of Common Stock then issuable upon the exercise of Options pursuant to this Plan were 250,000, the aggregate number of
shares of Common Stock issuable under the Plan effective January 1, 2000 would be 275,000 (a 10% increase). Notwithstanding
the above, the aggregate number of shares of Common Stock issuable upon the exercise of Qualified Options pursuant to this Plan
shall not exceed 800,000 shares. Shares issuable upon the exercise of Options may either be authorized but unissued shares or
treasury shares. The Corporation shall, during the term of this Plan, reserve and keep available a number of shares of Common
Stock sufficient to satisfy the requirements of the Plan. If an Option should expire or become unexercisable for any reason
without having been exercised in full, then the shares that were subject thereto shall, unless the Plan shall have terminated,
become immediately available for the grant of additional Options under this Plan, subject to the limitations and adjustments set
forth above. In addition, for purposes of calculating the aggregate number of shares that may be issued under this Plan, only the
net shares issued (including the shares, if any, withheld for tax withholding requirements) shall be counted when shares of Common
Stock are used as full or partial payment for shares issued upon exercise of a Qualified Option or a Nonqualified Stock Option.
Shares tendered by a Participant as payment for shares issued upon such exercise shall be available for reissuance under the
Plan.” 

2 

        5.    Eligibility.   Qualified
Options may be granted under Section 6 of the Plan to such Employees of the Corporation or its Subsidiaries as may be determined
by the Committee. Nonqualified Options may be granted under Section 6 of the Plan to such Employees or Directors of the
Corporation or its Subsidiaries as may be determined by the Committee. Subject to the limitations and qualifications set forth in
this Plan, the Committee shall also determine the number of Options to be granted, the number of shares subject to each Option
grant, the exercise price or prices of each Option, the vesting and exercise period of each Option, whether an Option may be
exercised as to less than all of the Common Stock subject thereto, and such other terms and conditions of each Option as are
consistent with the provisions of this Plan. In connection with the granting of Qualified Options, the aggregate Fair Market Value
(determined at the Date of Grant of a Qualified Option) of the shares with respect to which Qualified Options are exercisable for
the first time by an Optionee during any calendar year (under all such plans of the Optionee’s employer corporation and its
parent and subsidiary corporations as defined in Section 424(e) and (f) of the Code, or a corporation or a parent or subsidiary
corporation of such corporation issuing or assuming an Option in a transaction to which Section 424(a) of the Code applies
(collectively, such corporations described in this sentence are hereinafter referred to as “Related Corporations”))
shall not exceed $100,000 or such other amount as from time to time provided in Section 422(d) of the Code or any successor
provision. In the event that the Participant’s total Qualified Options exceed the $100,000 limit in any calendar year
(whether due to acceleration of exercisability, miscalculation, error or otherwise) the amount of Qualified Options that exceed
such limit shall be treated as Nonqualified Options. The Qualified Options granted earliest (whether under this Plan or any other
agreement or plan) shall be applied first to the $100,000 limit. In the event that only a portion of the Qualified Options granted
at the same time can be applied to the $100,000 limit, the Corporation shall issue separate share certificates for such number of
shares as does not exceed the $100,000 limit, and shall designate such shares as Qualified Option stock in its share transfer
records. 

        6.    Grant
of Options.   Except as provided in Section 18(c), the Committee shall determine the number of shares of Common
Stock to be offered from time to time pursuant to Options granted hereunder and shall grant Options under the Plan.
Notwithstanding the foregoing, each member of the Committee shall be eligible to receive Options only if the Board unanimously
(except for such Committee member) grants such Option to such member. The grant of Options shall be evidenced by Option agreements
containing such terms and provisions as are approved by the Committee and executed on behalf of the Corporation by an appropriate
officer. In connection with the granting of any Options under the Plan, the aggregate number of shares of Common Stock with
respect to which Options may be granted to any single Executive in any one calendar year shall not exceed 200,000. Solely for this
purpose, Options that lapse or are canceled continue to count against such limit. 

        7.    Time
of Grant of Options.   The date of grant of an Option under the Plan shall be the date on which the Committee
awards the Option or, if the Committee so determines, the date specified by the Committee as the date the award is to be
effective. Notice of the grant shall be given to each Participant to whom an Option is granted promptly after the date of such
grant. 

        8.    Price.   The
exercise price for each share of Common Stock subject to an Option (the “Exercise Price”) granted pursuant to Section 6
of the Plan shall be determined by the Committee at the Date of Grant; provided, however, that (a) the Exercise Price for any
Option shall not be less than 100% of the Fair Market Value of the Common Stock at the Date of Grant, and (b) if the Optionee
owns on the Date of Grant more than 10 percent of the total combined voting power of all classes of stock of the Corporation or
its parent or any of its subsidiaries, as more fully described in Section 422(b)(6) of the Code or any successor provision (such
shareholder is referred to herein as a “10-Percent Shareholder”), the Exercise Price for any Qualified Option granted to
such Optionee shall not be less than 110% of the Fair Market Value of the Common Stock at the Date of Grant. 

        9.    Vesting.   Subject
to Section 11 of this Plan, each Option award under the Plan shall vest or be subject to forfeiture in accordance with the
provisions set forth in the applicable Option agreement. The Committee may, but shall not be required to, permit acceleration of
vesting or termination of forfeiture provisions upon any sale of the Corporation or similar transaction. Notwithstanding the
foregoing, in no event shall the acceleration of any Option hereunder upon a change of control of the Corporation occur to the
extent an “excess parachute payment” (as defined in Section 280G of the Code) would result. In the event that the
Committee determines that such an excess parachute payment would result if acceleration occurred (when added to any other payments
or benefits contingent on a change of control under any other agreements, arrangements or plans) then the number of shares as to
which exercisability is accelerated shall be reduced so that total parachute payments do not exceed 299% of the Optionee’s
“base amount,” as defined in Section 280G(b)(3) of the Code. A Participant’s Option agreement may contain such
additional provisions with respect to vesting as the Committee may specify. 

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        10.    Exercise.   A
Participant may pay the Exercise Price of the shares of Common Stock as to which an Option is being exercised by the delivery of
(a) cash, (b) check, (c) at the Corporation’s option, by the delivery of shares of Common Stock having a Fair
Market Value on the date immediately preceding the exercise date equal to the Exercise Price and have been held by the Optionee at
least six (6) months prior to the date of exercise, or (d) at the Corporation’s option, any other consideration that the
Corporation determines is consistent with the Plan’s purpose and applicable law. If the shares to be purchased are covered by
an effective registration statement under the Securities Act of 1933, as amended, any Option granted under the Plan may be
exercised by a broker-dealer acting on behalf of an Optionee if (i) the broker-dealer has received from the Optionee or the
Corporation a fully- and duly-endorsed agreement evidencing such Option, together with instructions signed by the Optionee
requesting the Corporation to deliver the shares of Common Stock subject to such Option to the broker-dealer on behalf of the
Optionee and specifying the account into which such shares should be deposited, (ii) adequate provision has been made with
respect to the payment of any withholding taxes due upon such exercise, and (iii) the broker-dealer and the Optionee have
otherwise complied with Section 220.3(e)(4) of Regulation T, 12 CFR Part 220, or any successor provision. 

        11.    When
Qualified Options May be Exercised.   No Qualified Option shall be exercisable at any time after the expiration
of ten (10) years from the Date of Grant; provided, however, that if the Optionee with respect to a Qualified Option is a
10-Percent Shareholder on the Date of Grant of such Qualified Option, then such Option shall not be exercisable after the
expiration of five (5) years from its Date of Grant. In addition, if an Optionee of a Qualified Option ceases to be an employee of
the Corporation or any Related Corporation for any reason, such Optionee’s vested Qualified Options shall not be exercisable
after (a) three (3) months following the date such Optionee ceases to be an employee of the Corporation or any Related
Corporation, if such cessation of service is not due to the death or permanent and total disability (within the meaning of Section
22(e)(3) of the Code) of the Optionee, or (b) twelve (12) months following the date such Optionee ceases to be an employee of
the Corporation or any Related Corporation, if such cessation of service is due to the death or permanent and total disability (as
defined above) of the Optionee. Upon the death of an Optionee, any vested Qualified Option exercisable on the date of death may be
exercised by the Optionee’s estate or by a person who acquires the right to exercise such Qualified Option by bequest or
inheritance or by reason of the death of the Optionee, provided that such exercise occurs within both the remaining option term of
the Qualified Option and twelve (12) months after the date of the Optionee’s death. This Section 11 only provides the outer
limits of allowable exercise dates with respect to Qualified Options; the Committee may determine that the exercise period for a
Qualified Option shall have a shorter duration than as specified above. 

        12.    Option
Financing.   Upon the exercise of any Option granted under the Plan, the Corporation may, but shall not be
required to, make financing available to the Participant for the purchase of shares of Common Stock pursuant to such Option on
such terms as the Board or the Committee may specify. 

        13.    Withholding
of Taxes.   The Committee shall make such provisions and take such steps as it may deem necessary or
appropriate for the withholding of any taxes that the Corporation is required by any law or regulation of any governmental
authority to withhold in connection with any Option including, but not limited to, (a) withholding the issuance of all or any
portion of the shares of Common Stock subject to such Option until the Participant reimburses the Corporation for the amount it is
required to withhold with respect to such taxes, (b) withholding any portion of such issuance in an amount sufficient to
reimburse the Corporation for the amount of taxes it is required to withhold, (c) allowing the Participant to deliver Common
Stock as payment for the amount the Corporation is required to withhold for taxes or (d) taking any other action reasonably
required to satisfy the Corporation’s withholding obligation. 

4 

        14.    Conditions
Upon Issuance of Shares.  

        (a)    The
Corporation shall not be obligated to sell or issue any shares upon the exercise of any Option granted under the Plan unless the
issuance and delivery of shares comply with all provisions of applicable federal and state securities laws and the requirements of
the New York Stock Exchange or any stock exchange upon which shares of the Common Stock may then be listed. 

        (b)    As
a condition to the exercise of an Option, the Corporation may require the person exercising the Option to make such
representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements
of applicable federal and state securities laws. 

        (c)    The
Corporation shall not be liable for refusing to sell or issue any shares covered by any Option if the Corporation cannot obtain
authority from the appropriate regulatory bodies deemed by the Corporation to be necessary to sell or issue such shares in
compliance with all applicable federal and state securities laws and the requirements of the New York Stock Exchange or any stock
exchange upon which shares of the Common Stock may then be listed. In addition, the Corporation shall have no obligation to any
Participant, express or implied, to list, register or otherwise qualify the shares of Common Stock covered by any Option.

        (d)    No
Participant will be, or will be deemed to be, a holder of any Common Stock subject to an Option unless and until such Participant
has exercised his or her Option and paid the purchase price for the subject shares of Common Stock. 

        15.    Restrictions
on Transfer.  

        (a)    Options
issued pursuant to the Plan shall be nontransferable except by will or the laws of descent and distribution, and may only be
exercisable during the Participant’s lifetime only by the Participant. 

        (b)    Shares
of Common Stock issued pursuant to the Plan may be subject to restrictions on transfer under applicable federal and state
securities laws. The Committee may impose such additional restrictions on the ownership and transfer of shares of Common Stock
issued pursuant to the Plan as it deems desirable; any such restrictions shall be set forth in any Option agreement entered into
hereunder. 

        16.    Modification
of Plan and Options.  

        (a)    The
Committee may from time to time and at any time alter, amend, suspend, discontinue or terminate this Plan; provided, however, that
no such action of the Committee may, without the approval of the shareholders of the Corporation, alter the provisions of the Plan
so as to (i) increase the maximum number of shares of Common Stock that may be subject to Qualified Options under this Plan
(except as provided in Section 17 of this Plan), (ii) change the class of employees eligible to receive Qualified Options
pursuant to this Plan, or (iii) change the annual limit on the number of Options granted to an Executive in Section 6 above.

        (b)    At
any time and from time to time, the Committee may execute an instrument providing for modification, extension or renewal of any
outstanding Option, provided that no such modification, extension or renewal shall impair the Option without the consent of the
holder of the Option or conflict with the provisions of Rule 16b-3 or the New York Stock Exchange or any stock exchange on which
shares of Common Stock may then be traded. Notwithstanding the foregoing, (i) in the event of such a modification,
substitution, extension or renewal of a Qualified Option, the Committee may increase the exercise price of such Option if
necessary to retain the qualified status of such Option, and (ii) the Committee may, in its discretion and without the
holder’s consent, convert, any Qualified Option into a Nonqualified Option. 

5 

        17.    Effect
of Change in Stock Subject to the Plan.   In the event that each of the outstanding shares of Common Stock
(other than shares held by dissenting shareholders) shall be changed into or exchanged for a different number or kind of shares of
stock of the Corporation or of another corporation (whether by reason of merger, consolidation, recapitalization,
reclassification, split-up, combination of shares or otherwise), or in the event a stock split or stock dividend occurs, then the
Corporation may either (a) substitute for each share of Common Stock then subject to Options or available for Options the
number and kind of shares of stock into which each outstanding share of Common Stock (other than shares held by dissenting
shareholders) shall be so changed or exchanged, or the number of shares of Common Stock as is equitably required in the event of a
stock split or stock dividend, together with an appropriate adjustment of the Exercise Price, or (b) cancel all such Options
as of the effective date of any merger, consolidation, recapitalization, reclassification, split-up or combination of shares by
giving written notice to each holder thereof or his personal representatives of its intention to do so and by permitting the
exercise of all such Options, without regard to determinations of periods or installments of exercisability during the thirty (30)
day period immediately preceding such effective date. The Committee may, but shall not be required to, provide additional
anti-dilution protection to a Participant under the terms of the Participant’s Option agreement. 

        18.    Administration.  

        (a)    Notwithstanding
anything to the contrary herein, to the extent necessary to comply with the requirements of Rule 16b-3, the Plan shall be
administered by the Board, if each member is a Non-Employee Director, or by a committee comprised solely of two or more
Non-Employee Directors appointed by the Board (the group responsible for administering the Plan is referred to as the
“Committee”). Options may be granted under Section 6 only by majority agreement of the members of the Committee. Option
agreements, in the form as approved by the Committee, and containing such terms and conditions consistent with the provisions of
this Plan as are determined by the Committee, may be executed on behalf of the Corporation by the Chairman of the Board, the
President or any Vice President of the Corporation. The Committee shall have complete authority to construe, interpret and
administer the provisions of this Plan and the provisions of the Option agreements granted hereunder; to prescribe, amend and
rescind rules and regulations pertaining to this Plan; to suspend, discontinue or terminate this Plan; and to make all other
determinations necessary or deemed advisable in the administration of the Plan. The determinations, interpretations and
constructions made by the Committee shall be final and conclusive. No member of the Committee shall be liable for any action
taken, or failed to be taken, made in good faith relating to the Plan or any award thereunder, and the members of the Committee
shall be entitled to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense
(including attorneys’ fees) arising therefrom to the fullest extent permitted by law. 

        (b)    Members
of the Committee shall be specified by the Board, and shall consist solely of Non-Employee Directors. Non-Employee Directors may
not possess an interest in any transaction for which disclosure is required under Section 404(a) of Regulation S-K under the
Exchange Act or be engaged in a business relationship that must be disclosed under Section 404(a) and must qualify as
‘outside directors’ as defined in Section 162(m) of the Code and regulations thereunder. 

        (c)    Although
the Committee may suspend, discontinue or terminate the Plan at any time, all Qualified Options must be granted on or before April
8, 2008. 

        19.    Continued
Employment Not Presumed.   Nothing in this Plan or any document describing it nor the grant of any Option shall
give any Participant the right to continue in the employment of the Corporation or affect the right of the Corporation to
terminate the employment of any such person with or without cause. 

        20.    Liability
of the Corporation.   Neither the Corporation, its directors, officers or employees or the Committee, nor any
Subsidiary which is in existence or hereafter comes into existence, shall be liable to any Participant or other person if it is
determined for any reason by the Internal Revenue Service or any court having jurisdiction that any Qualified Option granted
hereunder does not qualify for tax treatment as an incentive stock option under Section 422 of the Code. 

        21.    Governing
Law.   The Plan shall be governed by and construed in accordance with the laws of State of Minnesota and the
United States, as applicable, without reference to the conflict of laws provisions thereof. 

        22.    Severability
of Provisions.   If any provision of this Plan is determined to be invalid, illegal or unenforceable, such
invalidity, illegality or unenforceability shall not affect the remaining provisions of the Plan, but such invalid, illegal or
unenforceable provision shall be fully severable, and the Plan shall be construed and enforced as if such provision had never been
inserted herein. 

6Exhibit 10.14 to St. Jude Medical, Inc. Form 10-K for fiscal year ended 12-31-2005

Exhibit 10.14 

ST. JUDE MEDICAL, INC.

AMENDED AND RESTATED 2000 STOCK OPTION PLAN

(formerly known as the Advanced Neuromodulation Systems, Inc. 2000 Stock Option Plan) 

        1.    Purpose
of the Plan.   The purposes of the Plan are (i) to attract and retain the best available personnel for
positions of substantial responsibility, (ii) to attract and retain directors and clinical advisors with a high degree of
training, experience and ability and (iii) to provide incentives to such personnel, directors and clinical advisors to
promote the success of the business of St. Jude Medical, Inc. and its subsidiaries. 

        Certain options granted under
this Plan are intended to qualify as “incentive stock options” pursuant to Section 422 of the Internal Revenue Code of
1986, as amended from time to time, while certain other options granted under the Plan will constitute nonqualified options.

        2.    Definitions.   As
used herein, the following definitions shall apply:  

                (a)    “Board” means
the Board of Directors of the Corporation.  

                (b)    “Common
Stock” means the Common Stock, $.10 par value per share, of the Corporation. Except as otherwise provided herein, all Common
Stock issued pursuant to the Plan will have the same rights as all other issued and outstanding shares of Common Stock, including
but not limited to voting rights, the right to dividends, if declared and paid, and the right to pro rata distributions of the
Corporation’s assets in the event of liquidation. 

                (c)    “Code” means
the Internal Revenue Code of 1986, as amended from time to time. 

                (d)    “Committee” means
the committee described in Section 18(a) that administers the Plan. 

                (e)    “Corporation” means
St. Jude Medical, Inc., a Minnesota corporation. 

                (f)    “Date
of Grant” means the date on which an Option is granted pursuant to this Plan or, if the Committee so determines, the date
specified by the Committee as the date the award is to be effective. 

                (g)    “Director” means
any director, clinical advisor or consultant of the Corporation or one of its Subsidiaries, but excluding any director, clinical
advisor or consultant who is also an officer or employee of the Corporation or one of its Subsidiaries. 

                (h)    “Employee” means
any officer or other key employee of the Corporation or one of its Subsidiaries, including any director who is also an officer or
key employee of the Corporation or one of its Subsidiaries. 

                (i)    “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 

                (j)    “Executive” means
an Employee who is, or in the judgment of the Committee may become, the Chief Executive Officer of the Corporation or one of the
other four most highly compensated executive officers of the Corporation. 

                (k)    “Fair
Market Value” means the closing sale price (or average of the quoted closing bid and asked prices if there is no closing sale
price reported) of the Common Stock on the trading day immediately prior to the date specified as reported by the New York Stock
Exchange or by the principal national stock exchange on which the Common Stock is then listed. If there is no reported price
information for the Common Stock, the Fair Market Value will be determined by the Committee, in its sole discretion. In making
such determination, the Committee may, but will not be obligated to, commission and rely upon an independent appraisal of the
Common Stock. 

  

                (l)    “Non-Employee
Director” means an individual who is a “non-employee director” as defined in Rule 16b-3 under the Exchange Act and
also an “outside director” within the meaning of Treasury Regulation ss. 1.162-27(e)(3). 

                (m)    “Nonqualified
Option” means any Option that is not a Qualified Option.  

                (n)    “Option” means
a stock option granted pursuant to Section 6 of this Plan. 

                (o)    “Optionee” means
any Employee or Director who receives an Option. 

                (p)    “Participant” means
any Employee or Director who receives an Option pursuant to this Plan. 

                (q)    “Plan” means
the St. Jude Medical, Inc. Amended and Restated 2000 Stock Option Plan (which was formerly known as the Advanced Neuromodulation
Systems, Inc. 2000 Stock Option Plan), as amended from time to time. 

                (r)    “Qualified
Option” means any Option that is intended to qualify as an “incentive stock option” within the meaning of Section
422 of the Code. 

                (s)    “Rule
16b-3” means Rule 16b-3 of the rules and regulations under the Exchange Act, as Rule 16b-3 may be amended from time to time,
and any successor provisions to Rule 16b-3 under the Exchange Act. 

                (t)    “Subsidiary” means
any now existing or hereinafter organized or acquired company of which more than fifty percent (50%) of the issued and outstanding
voting stock is owned or controlled directly or indirectly by the Corporation or through one or more Subsidiaries of the
Corporation. 

        3.    Term
of Plan.   The Plan was adopted by the Board of Directors of Advanced Neuromodulation Systems, Inc. effective
as of February 22, 2000 and approved by the shareholders of Advanced Neuromodulation Systems, Inc. on May 24, 2000. The Plan was
assumed by the Corporation pursuant to the terms of the Agreement and Plan of Merger among the Corporation, Apollo Merger Corp.,
and Advanced Neuromodulation Systems, Inc., dated as of October 15, 2005 (the “Merger Agreement”). The Plan was amended
pursuant to resolutions adopted by the Board on October 14, 2005 in order to make changes necessary to reflect the assumption of
the Plan by the Corporation. Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), the
then outstanding Options under the Plan were converted into Options to purchase Common Stock. After the Effective Time, no
additional Options will be granted under the Plan. The Plan shall continue in effect so long as Options granted under the Plan
remain outstanding, subject to earlier termination as provided under Section 18(a). 

        4.    Shares
Subject to the Plan.   When the Plan was adopted by the Board of Directors and shareholders of Advanced
Neuromodulation Systems, Inc. it contained the following provision: “Except as otherwise provided in Section 17 hereof,
the aggregate number of shares of Common Stock issuable upon the exercise of Options pursuant to this Plan will be 500,000 shares;
provided that on January 1 of each year (commencing on January 1, 2001), the aggregate number of shares of Common Stock
then issuable upon the exercise of Options will be increased by the same percentage that the total number of issued and
outstanding shares of Common Stock increased from the preceding January 1 to the following December 31 (if the
percentage is positive). For example, if the total number of issued and outstanding shares of Common Stock on January 1, 2000
were 5,000,000, the total number of issued and outstanding shares of the Corporation on December 31, 2000 were 5,500,000, and
the aggregate number of shares of Common Stock then issuable upon the exercise of Options pursuant to this Plan were 250,000, the
aggregate number of shares of Common Stock issuable under the Plan effective January 1, 2001 would be 275,000 (a 10%
increase). Notwithstanding the above, the aggregate number of shares of Common Stock issuable upon the exercise of Qualified
Options pursuant to this Plan will not exceed 500,000 shares. Shares issuable upon the exercise of Options may either be
authorized but unissued shares or treasury shares. The Corporation will, during the term of this Plan, reserve and keep available
a number of shares of Common Stock sufficient to satisfy the requirements of the Plan. If an Option should expire or become
unexercisable for any reason without having been exercised in full, then the shares that were subject thereto shall, unless the
Plan shall have terminated, become immediately available for the grant of additional Options under this Plan, subject to the
limitations and adjustments set forth above. In addition, for purposes of calculating the aggregate number of shares that may be
issued under this Plan, only the net shares issued (including the shares, if any, withheld for tax withholding requirements) will
be counted when shares of Common Stock are used as full or partial payment for shares issued upon exercise of a Qualified Option
or a Nonqualified Stock Option. Shares tendered by a Participant as payment for shares issued upon such exercise will be available
for reissuance under the Plan.” 

2 

        5.    Eligibility.   Qualified
Options may be granted under Section 6 of the Plan to such Employees of the Corporation or its Subsidiaries as may be determined
by the Committee. Nonqualified Options may be granted under Section 6 of the Plan to such Employees or Directors of the
Corporation or its Subsidiaries as may be determined by the Committee. Subject to the limitations and qualifications set forth in
this Plan, the Committee will also determine the number of Options to be granted, the number of shares subject to each Option
grant, the exercise price or prices of each Option, the vesting and exercise period of each Option, whether an Option may be
exercised as to less than all of the Common Stock subject thereto, and such other terms and conditions of each Option as are
consistent with the provisions of this Plan. In connection with the granting of Qualified Options, the aggregate Fair Market Value
(determined at the Date of Grant of a Qualified Option) of the shares with respect to which Qualified Options are exercisable for
the first time by an Optionee during any calendar year (under all such plans of the Optionee’s employer corporation and its
parent and subsidiary corporations as defined in Section 424(e) and (f) of the Code, or a corporation or a parent or subsidiary
corporation of such corporation issuing or assuming an Option in a transaction to which Section 424(a) of the Code applies
(collectively, such corporations described in this sentence are hereinafter referred to as “Related Corporations”)) will
not exceed $100,000 or such other amount as from time to time provided in Section 422(d) of the Code or any successor provision.
In the event that the Participant’s total Qualified Options exceed the $100,000 limit in any calendar year (whether due to
acceleration of exercisability, miscalculation, error or otherwise) the amount of Qualified Options that exceed such limit will be
treated as Nonqualified Options. The Qualified Options granted earliest (whether under this Plan or any other agreement or plan)
will be applied first to the $100,000 limit. In the event that only a portion of the Qualified Options granted at the same time
can be applied to the $100,000 limit, the Corporation will issue separate share certificates for such number of shares as does not
exceed the $100,000 limit, and will designate such shares as Qualified Option stock in its share transfer records. 

        6.    Grant
of Options.   Except as provided in Section 18(c), the Committee will determine the number of shares of Common
Stock to be offered from time to time pursuant to Options granted hereunder and will grant Options under the Plan. Notwithstanding
the foregoing, each member of the Committee shall be eligible to receive Options only if the Board unanimously (except for such
Committee member) grants such Option to such member. The grant of Options will be evidenced by Option agreements containing such
terms and provisions as are approved by the Committee and executed on behalf of the Corporation by an appropriate officer. In
connection with the granting of any Options under the Plan, the aggregate number of shares of Common Stock with respect to which
Options may be granted to any single Executive in any one calendar year will not exceed 100,000. Solely for this purpose, Options
that lapse or are canceled continue to count against such limit. 

        7.    Time
of Grant of Options.   The date of grant of an Option under the Plan will be the date on which the Committee
awards the Option or, if the Committee so determines, the date specified by the Committee as the date the award is to be
effective. Notice of the grant will be given to each Participant to whom an Option is granted promptly after the date of such
grant. 

        8.    Price.   The
exercise price for each share of Common Stock subject to an Option (the “Exercise Price”) granted pursuant to Section 6
of the Plan will be determined by the Committee at the Date of Grant; provided, however, that (a) the Exercise Price for any
Option will not be less than 100% of the Fair Market Value of the Common Stock at the Date of Grant, and (b) if the Optionee
owns on the Date of Grant more than 10 percent of the total combined voting power of all classes of stock of the Corporation or
its parent or any of its subsidiaries, as more fully described in Section 422(b)(6) of the Code or any successor provision (such
shareholder is referred to herein as a “10-Percent Shareholder”), the Exercise Price for any Qualified Option granted to
such Optionee will not be less than 110% of the Fair Market Value of the Common Stock at the Date of Grant. 

        9.    Vesting.   Subject
to Section 11 of this Plan, each Option award under the Plan will vest or be subject to forfeiture in accordance with the
provisions set forth in the applicable Option agreement. The Committee may, but will not be required to, permit acceleration of
vesting or termination of forfeiture provisions upon any sale of the Corporation or similar transaction. Notwithstanding the
foregoing, in no event will the acceleration of any Option hereunder upon a change of control of the Corporation occur to the
extent an “excess parachute payment” (as defined in Section 280G of the Code) would result. In the event that the
Committee determines that such an excess parachute payment would result if acceleration occurred (when added to any other payments
or benefits contingent on a change of control under any other agreements, arrangements or plans) then the number of shares as to
which excercisability is accelerated will be reduced so that total parachute payments do not exceed 299% of the Optionee’s
“base amount,” as defined in Section 280G(b)(3) of the Code. A Participant’s Option agreement may contain such
additional provisions with respect to vesting as the Committee may specify. 

3 

        10.    Exercise.   A
Participant may pay the Exercise Price of the shares of Common Stock as to which an Option is being exercised by the delivery of
(a) cash, (b) check, (c) at the Corporation’s option, by the delivery of shares of Common Stock having a Fair
Market Value on the date immediately preceding the exercise date equal to the Exercise Price and have been held by the Optionee at
least six (6) months prior to the date of exercise, or (d) at the Corporation’s option, any other consideration that the
Corporation determines is consistent with the Plan’s purpose and applicable law. If the shares to be purchased are covered by
an effective registration statement under the Securities Act of 1933, as amended, any Option granted under the Plan may be
exercised by a broker-dealer acting on behalf of an Optionee if (i) the broker-dealer has received from the Optionee or the
Corporation a fully- and duly-endorsed agreement evidencing such Option, together with instructions signed by the Optionee
requesting the Corporation to deliver the shares of Common Stock subject to such Option to the broker-dealer on behalf of the
Optionee and specifying the account into which such shares should be deposited, (ii) adequate provision has been made with
respect to the payment of any withholding taxes due upon such exercise, and (iii) the broker-dealer and the Optionee have
otherwise complied with Section 220.3(e)(4) of Regulation T, 12 CFR Part 220, or any successor provision. 

        11.    When
Qualified Options May be Exercised.   No Qualified Option will be exercisable at any time after the expiration
of ten (10) years from the Date of Grant; provided, however, that if the Optionee with respect to a Qualified Option is a
10-Percent Shareholder on the Date of Grant of such Qualified Option, then such Option will not be exercisable after the
expiration of five (5) years from its Date of Grant. In addition, if an Optionee of a Qualified Option ceases to be an employee of
the Corporation or any Related Corporation for any reason, such Optionee’s vested Qualified Options will not be exercisable
after (a) three (3) months following the date such Optionee ceases to be an employee of the Corporation or any Related
Corporation, if such cessation of service is not due to the death or permanent and total disability (within the meaning of Section
22(e)(3) of the Code) of the Optionee, or (b) twelve (12) months following the date such Optionee ceases to be an employee of
the Corporation or any Related Corporation, if such cessation of service is due to the death or permanent and total disability (as
defined above) of the Optionee. Upon the death of an Optionee, any vested Qualified Option exercisable on the date of death may be
exercised by the Optionee’s estate or by a person who acquires the right to exercise such Qualified Option by bequest or
inheritance or by reason of the death of the Optionee, provided that such exercise occurs within both the remaining option term of
the Qualified Option and twelve (12) months after the date of the Optionee’s death. This Section 11 only provides the outer
limits of allowable exercise dates with respect to Qualified Options; the Committee may determine that the exercise period for a
Qualified Option shall have a shorter duration than as specified above. 

        12.    Option
Financing.   Upon the exercise of any Option granted under the Plan, the Corporation may, but will not be
required to, make financing available to the Participant for the purchase of shares of Common Stock pursuant to such Option on
such terms as the Board or the Committee may specify. 

        13.    Withholding
of Taxes.   The Committee will make such provisions and take such steps as it may deem necessary or appropriate
for the withholding of any taxes that the Corporation is required by any law or regulation of any governmental authority to
withhold in connection with any Option including, but not limited to, (a) withholding the issuance of all or any portion of
the shares of Common Stock subject to such Option until the Participant reimburses the Corporation for the amount it is required
to withhold with respect to such taxes, (b) withholding any portion of such issuance in an amount sufficient to reimburse the
Corporation for the amount of taxes it is required to withhold, (c) allowing the Participant to deliver Common Stock as
payment for the amount the Corporation is required to withhold for taxes or (d) taking any other action reasonably required
to satisfy the Corporation’s withholding obligation. 

4 

        14.    Conditions
Upon Issuance of Shares.  

        (a)    The
Corporation will not be obligated to sell or issue any shares upon the exercise of any Option granted under the Plan unless the
issuance and delivery of shares comply with all provisions of applicable federal and state securities laws and the requirements of
the New York Stock Exchange or any stock exchange upon which shares of the Common Stock may then be listed. 

        (b)    As
a condition to the exercise of an Option, the Corporation may require the person exercising the Option to make such
representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements
of applicable federal and state securities laws. 

        (c)    The
Corporation will not be liable for refusing to sell or issue any shares covered by any Option if the Corporation cannot obtain
authority from the appropriate regulatory bodies deemed by the Corporation to be necessary to sell or issue such shares in
compliance with all applicable federal and state securities laws and the requirements of the New York Stock Exchange or any stock
exchange upon which shares of the Common Stock may then be listed. In addition, the Corporation will have no obligation to any
Participant, express or implied, to list, register or otherwise qualify the shares of Common Stock covered by any Option.

        (d)    No
Participant will be, or will be deemed to be, a holder of any Common Stock subject to an Option unless and until such Participant
has exercised his or her Option and paid the purchase price for the subject shares of Common Stock. 

        15.    Restrictions
on Transfer.  

        (a)    Options
issued pursuant to the Plan will be nontransferable except by will or the laws of descent and distribution, and may only be
exercisable during the Participant’s lifetime only by the Participant. 

        (b)    Shares
of Common Stock issued pursuant to the Plan may be subject to restrictions on transfer under applicable federal and state
securities laws. The Committee may impose such additional restrictions on the ownership and transfer of shares of Common Stock
issued pursuant to the Plan as it deems desirable; any such restrictions will be set forth in any Option agreement entered into
hereunder. 

        16.    Modification
of Plan and Options.  

        (a)    The
Committee may from time to time and at any time alter, amend, suspend, discontinue or terminate this Plan; provided, however, that
no such action of the Committee may, without the approval of the shareholders of the Corporation, alter the provisions of the Plan
so as to (i) increase the maximum number of shares of Common Stock that may be subject to Qualified Options under this Plan
(except as provided in Section 17 of this Plan), (ii) change the class of employees eligible to receive Qualified Options
pursuant to this Plan, or (iii) change the annual limit on the number of Options granted to an Executive in Section 6 above.

        (b)    At
any time and from time to time, the Committee may execute an instrument providing for modification, extension or renewal of any
outstanding Option, provided that no such modification, extension or renewal will impair the Option without the consent of the
holder of the Option or conflict with the provisions of Rule 16b-3 or the New York Stock Exchange or any stock exchange on which
shares of Common Stock may then be listed. Notwithstanding the foregoing, (i) in the event of such a modification,
substitution, extension or renewal of a Qualified Option, the Committee may increase the exercise price of such Option if
necessary to retain the qualified status of such Option, and (ii) the Committee may, in its discretion and without the
holder’s consent, convert, any Qualified Option into a Nonqualified Option. 

        17.    Effect
of Change in Stock Subject to the Plan.   In the event that each of the outstanding shares of Common Stock
(other than shares held by dissenting shareholders) will be changed into or exchanged for a different number or kind of shares of
stock of the Corporation or of another corporation (whether by reason of merger, consolidation, recapitalization,
reclassification, split-up, combination of shares or otherwise), or in the event a stock split or stock dividend occurs, then the
Corporation may either (a) substitute for each share of Common Stock then subject to Options or available for Options the
number and kind of shares of stock into which each outstanding share of Common Stock (other than shares held by dissenting
shareholders) will be so changed or exchanged, or the number of shares of Common Stock as is equitably required in the event of a
stock split or stock dividend, together with an appropriate adjustment of the Exercise Price, or (b) cancel all such Options
as of the effective date of any merger, consolidation, recapitalization, reclassification, split-up or combination of shares by
giving written notice to each holder thereof or his personal representatives of its intention to do so and by permitting the
exercise of all such Options, without regard to determinations of periods or installments of exercisability during the thirty (30)
day period immediately preceding such effective date. The Committee may, but will not be required to, provide additional
anti-dilution protection to a Participant under the terms of the Participant’s Option agreement. 

5 

        18.    Administration.  

        (a)    Notwithstanding
anything to the contrary herein, to the extent necessary to comply with the requirements of Rule 16b-3, the Plan will be
administered by the Board, if each member is a Non-Employee Director, or by a committee comprised solely of two or more
Non-Employee Directors appointed by the Board (the group responsible for administering the Plan is referred to as the
“Committee”). Options may be granted under Section 6 only by majority agreement of the members of the Committee. Option
agreements, in the form as approved by the Committee, and containing such terms and conditions consistent with the provisions of
this Plan as are determined by the Committee, may be executed on behalf of the Corporation by the Chairman of the Board, the
President or any Vice President of the Corporation. The Committee will have complete authority to construe, interpret and
administer the provisions of this Plan and the provisions of the Option agreements granted hereunder; to prescribe, amend and
rescind rules and regulations pertaining to this Plan; to suspend, discontinue or terminate this Plan; and to make all other
determinations necessary or deemed advisable in the administration of the Plan. The determinations, interpretations and
constructions made by the Committee will be final and conclusive. No member of the Committee will be liable for any action taken,
or failed to be taken, made in good faith relating to the Plan or any award thereunder, and the members of the Committee will be
entitled to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense (including
attorneys’ fees) arising therefrom to the fullest extent permitted by law. 

        (b)    Members
of the Committee will be specified by the Board, and will consist solely of Non-Employee Directors. Non-Employee Directors may not
possess an interest in any transaction for which disclosure is required under Section 404(a) of Regulation S-K under the Exchange
Act or be engaged in a business relationship that must be disclosed under Section 404(a) and must qualify as outside
directors’ as defined in Section 162(m) of the Code and regulations thereunder. 

        (c)    Although
the Committee may suspend, discontinue or terminate the Plan at any time, all Qualified Options must be granted on or before
February 21, 2010. 

        19.    Continued
Employment Not Presumed.   Nothing in this Plan or any document describing it nor the grant of any Option will
give any Participant the right to continue in the employment of the Corporation or affect the right of the Corporation to
terminate the employment of any such person with or without cause. 

        20.    Liability
of the Corporation.   Neither the Corporation, its directors, officers or employees or the Committee, nor any
Subsidiary which is in existence or hereafter comes into existence, will be liable to any Participant or other person if it is
determined for any reason by the Internal Revenue Service or any court having jurisdiction that any Qualified Option granted
hereunder does not qualify for tax treatment as an incentive stock option under Section 422 of the Code. 

        21.    Governing
Law.   The Plan will be governed by and construed in accordance with the laws of State of Minnesota and the
United States, as applicable, without reference to the conflict of laws provisions thereof. 

        22.    Severability
of Provisions.   If any provision of this Plan is determined to be invalid, illegal or unenforceable, such
invalidity, illegality or unenforceability will not affect the remaining provisions of the Plan, but such invalid, illegal or
unenforceable provision will be fully severable, and the Plan will be construed and enforced as if such provision had never been
inserted herein. 

6

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