Document:

Exhibit 10.6

 

AMENDMENT TO DJO GLOBAL, INC.

2007 INCENTIVE STOCK PLAN

 

Adopted by resolution by the Compensation Committee of the Board of Directors at a meeting held on June 13, 2011 and pursuant to a Written Consent of the Majority Stockholder, dated June 13, 2011:

 

Section 3(a) of the DJO Global, Inc. 2007 Stock Incentive Plan (the “Plan”) is hereby amended to read as follows:

 

“(a)         Shares Issuable. The maximum number of shares of Stock reserved and available for distribution pursuant to Awards under the Plan shall be 7,925,529 shares. Such shares of Stock may consist, in whole or in part, of authorized and unissued shares or treasury shares. If (i) an Award expires or terminates for any reason without being exercised in full or is satisfied without the distribution of Stock, or (ii) Stock distributed pursuant to an Award is forfeited or reacquired by the Company, or is surrendered upon exercise of an Award, the Stock subject to such Award or so forfeited, reacquired or surrendered shall again be available for distribution pursuant to the Plan.”Exhibit 10.7

 

AMENDMENT NUMBER THREE

TO

NONSTATUTORY STOCK OPTION AGREEMENT

(2008 Version)

 

This Amendment Number Three to Nonstatutory Stock Option Agreement (2008 Version) (“Amendment”), dated as of                           , 2011, is made by and between DJO Global, Inc. (formerly, DJO Incorporated), a Delaware corporation (the “Company”) and                                    (the “Optionee”).

 

WHEREAS, the Company and Optionee have previously entered into that certain Nonstatutory Stock Option Agreement (the “2008 Agreement”) under which the Company granted Optionee an option to purchase shares of Common Stock on terms and conditions set forth therein, and the Company and Optionee subsequently entered into that certain Amendment Number One to Nonstatutory Stock Option Agreement (“2008 Amendment Number One”) and that certain Amendment Number Two to Nonstatutory Stock Option Agreement (“2008 Amendment Number Two”), each of which amendments amended certain provisions of the 2008 Agreement (the 2008 Agreement, as amended by the 2008 Amendment Number One and as further amended by the 2008 Amendment Number Two, is hereinafter called the “2008 Amended Agreement”);

 

WHEREAS, the Company and Optionee desire to reflect herein a further amendment to the 2008 Amended Agreement approved by the Compensation Committee to modify the performance requirements for the First Market Return Tranche and the Second Market Return Tranche;

 

NOW, THEREFORE, the parties hereby agree as follows.  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

1.              Amendment of Definition.

 

Section 1(l) “IRR” is hereby deleted in its entirety and the remaining subsections of Section 1 are hereby renumbered accordingly.

 

2.              Amendment to First Market Return Tranche.  Section 4(b) of the 2008 Amended Agreement is hereby amended in its entirety to read as follows:

 

“(b)                     The Option Shares in the First Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

 

3.                                      Amendment to Second Market Return Tranche.  Section 4(c) of the 2008 Amended Agreement is hereby amended in its entirety to read as follows:

 

“(c)     The Option Shares in the Second Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

4.                                      Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement.

 

5.                                      Effect of Amendment.  Except as specifically amended by this Amendment, the 2008 Amended Agreement remains in force and unmodified and its terms and provisions, as amended hereby, remain in full force and effect.

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by its duly authorized officer and the Optionee has executed this Amendment, as of the day and year first above written.

 

 

	
 
    	
DJO   GLOBAL, INC.:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DONALD   ROBERTS
    
	
 
    	
Executive   Vice President, General Counsel and Secretary
    

 

 

I hereby agree to be bound by the terms of the Plan, the 2008 Amended Agreement as amended by this Amendment and the Stockholder’s Agreement.  I hereby further agree that all the decisions and determinations of the Board or an officer of the Company as provided in the 2008 Amended Agreement as amended by this Amendment shall be final and binding.

 

 

	
 
    	
OPTIONEE:Exhibit 10.8

 

AMENDMENT NUMBER TWO

TO

NONSTATUTORY STOCK OPTION AGREEMENT

(2009 Version)

 

This Amendment Number Two to Nonstatutory Stock Option Agreement (2009 Version) (“Amendment”), dated as of                           , 2011, is made by and between DJO Global, Inc. (formerly DJO Incorporated), a Delaware corporation (the “Company”) and                                    (the “Optionee”).

 

WHEREAS, the Company and Optionee have previously entered into that certain Nonstatutory Stock Option Agreement (the “2009 Agreement”) under which the Company granted Optionee an option to purchase shares of Common Stock on terms and conditions set forth therein, and the Company and Optionee subsequently entered into that certain Amendment Number One to Nonstatutory Stock Option Agreement (2009 Amendment Number One) which amended certain provisions of the 2009 Agreement (the 2009 Agreement, as amended by the 2009 Amendment Number One, is hereinafter called the “2009 Amended Agreement”);

 

WHEREAS, the Company and Optionee desire to reflect herein a further amendment to the 2009 Amended Agreement approved by the Compensation Committee to modify the performance requirements for the First Market Return Tranche and the Second Market Return Tranche;

 

NOW, THEREFORE, the parties hereby agree as follows.  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

1.              Amendment of Definition.

 

Section 1(l) “IRR” is hereby deleted in its entirety and the remaining subsections of Section 1 are hereby renumbered accordingly.

 

2.              Amendment to First Market Return Tranche.  Section 4(b) of the 2009 Amended Agreement is hereby amended in its entirety to read as follows:

 

“(b)                     The Option Shares in the First Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

3.                                      Amendment to Second Market Return Tranche.  Section 4(c) of the 2009 Amended Agreement is hereby amended in its entirety to read as follows:

 

 

“(c)     The Option Shares in the Second Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

4.                                      Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement.

 

5.                                      Effect of Amendment.  Except as specifically amended by this Amendment, the 2009 Amended Agreement remains in force and unmodified and its terms and provisions, as amended hereby, remain in full force and effect.

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by its duly authorized officer and the Optionee has executed this Amendment, as of the day and year first above written.

 

 

	
 
    	
DJO   GLOBAL, INC.:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DONALD   ROBERTS
    
	
 
    	
Executive   Vice President, General Counsel and Secretary
    

 

 

I hereby agree to be bound by the terms of the Plan, the 2009 Amended Agreement as amended by this Amendment and the Stockholder’s Agreement.  I hereby further agree that all the decisions and determinations of the Board or an officer of the Company as provided in the 2009 Amended Agreement as amended by this Amendment shall be final and binding.

 

 

	
 
    	
OPTIONEE:Exhibit 10.9

 

AMENDMENT NUMBER ONE

TO

NONSTATUTORY STOCK OPTION AGREEMENT

(2010 and 2011 Versions)

 

This Amendment Number One to Nonstatutory Stock Option Agreement (“Amendment”), dated as of                           , 2011, is made by and between DJO Global, Inc. (formerly DJO Incorporated), a Delaware corporation (the “Company”) and                                    (the “Optionee”).

 

WHEREAS, the Company and Optionee have previously entered into that certain Nonstatutory Stock Option Agreement (the “Agreement”) under which the Company granted Optionee an option to purchase shares of Common Stock on terms and conditions set forth therein;

 

WHEREAS, the Company and Optionee desire to reflect herein an amendment to the Agreement approved by the Compensation Committee to modify the performance requirements for the First Market Return Tranche and the Second Market Return Tranche;

 

NOW, THEREFORE, the parties hereby agree as follows.  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

1.              Amendment of Definition.

 

Section 1(l) “IRR” is hereby deleted in its entirety and the remaining subsections of Section 1 are hereby renumbered accordingly.

 

2.     Amendment to First Market Return Tranche.  Section 4(b) of the Agreement is hereby amended in its entirety to read as follows:

 

“(b)       The Option Shares in the First Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

3.             Amendment to Second Market Return Tranche.  Section 4(c) of the Agreement is hereby amended in its entirety to read as follows:

 

“(c)     The Option Shares in the Second Market Return Tranche shall become vested and exercisable on such date, if any, prior to the expiration of the term hereof, that each of the following two conditions is satisfied:  (i) Blackstone shall have disposed of some or all of its holdings of common stock in the Company; and (ii) Blackstone shall have realized a MOIC in the Company of at least        times.

 

 

4.             Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement.

 

5.             Effect of Amendment.  Except as specifically amended by this Amendment, the Agreement remains in force and unmodified and its terms and provisions, as amended hereby, remain in full force and effect.

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by its duly authorized officer and the Optionee has executed this Amendment, as of the day and year first above written.

 

 

	
 
    	
DJO   GLOBAL, INC.:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
DONALD   ROBERTS
    
	
 
    	
Executive   Vice President, General Counsel and Secretary
    

 

 

I hereby agree to be bound by the terms of the Plan, the Agreement as amended by this Amendment and the Stockholder’s Agreement.  I hereby further agree that all the decisions and determinations of the Board or an officer of the Company as provided in the Agreement as amended by this Amendment shall be final and binding.

 

 

	
 
    	
OPTIONEE:

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