Document:

Exhibit
10.13

 

Execution
Copy

 

INSIGHT HEALTH SERVICES HOLDINGS CORP.

2008 DIRECTOR STOCK OPTION PLAN

NONSTATUTORY STOCK OPTION GRANT AGREEMENT

 

THIS AGREEMENT is made
this 14th day of April, 2008 (the “Grant Date”)
between InSight Health Services Holdings Corp., a Delaware corporation (the “Company”), and                     
(the “Optionee”).

 

WHEREAS, the Company
desires to grant to the Optionee an option to purchase shares of common stock
(the “Shares”) under the Company’s 2008
Director Stock Option Plan (the “Plan”); and

 

WHEREAS, the Company and
the Optionee understand and agree that any terms used herein have the same
meanings as in the Plan (the Optionee being referred to in the Plan as a “Participant”).

 

NOW, THEREFORE, in
consideration of the following mutual covenants and for other good and valuable
consideration, the parties agree as follows:

 

1.                                       GRANT OF OPTION

 

The Company grants
to the Optionee the right and option to purchase all or any part of an
aggregate of 16,008 Shares (the “Option”) on the
terms and conditions and subject to all the limitations set forth herein and in
the Plan, which is incorporated herein by reference.  The Optionee acknowledges receipt of a copy
of the Plan and acknowledges that the definitive records pertaining to the grant
of this Option, and exercises of rights hereunder, shall be retained by the
Company.  The Option granted herein is
intended to be a Nonstatutory Option as defined in the Plan.

 

2.                                       PURCHASE PRICE

 

The purchase price
of the Shares subject to the Option shall be $1.01 per Share.

 

3.                                       EXERCISE OF OPTION

 

Subject to the
Plan and the terms of this paragraph and the other provisions of this
Agreement, the Option shall be exercisable as follows, as long as you are, and
have been since the date hereof, a Director of the Company on such date:

 

	
  Number of Shares

  	
   

  	
  Vesting Date

  
	
  5,336

  	
   

  	
  December 31, 2008

  
	
  5,336  

  	
   

  	
  December 31, 2009  

  
	
  5,336

  	
   

  	
  December 31, 2010

  

 

a.  Normal Vesting.  Except as provided in paragraphs 3(b) and
(c), the Options shall vest, as indicated by the Vesting Dates relating to the
number of Shares set forth above in this paragraph.

 

 

b.  Change in Control of the Company.  Immediately prior to the consummation of a
Change in Control, the Options shall fully vest and be immediately exercisable
in such transaction or otherwise.

 

c.  Expiration.  Once an Option has vested, it shall expire on
April 14, 2018, subject to termination or forfeiture as provided in the
Plan.

 

4.                                       ISSUANCE OF STOCK

 

The Option may be
exercised in whole or in part (to the extent that it is exercisable in
accordance with its terms) for a whole number of Shares by giving written
notice (or any other approved form of notice) to the Company.  Such written notice shall be signed by the
person exercising the Option, shall state the number of Shares with respect to
which the Option is being exercised, shall contain the warranty, if any,
required under the Plan and shall specify a date (other than a Saturday, Sunday
or legal holiday) not less than five (5) nor more than ten (10) days
after the date of such written notice, as the date on which the Shares will be
purchased, at the principal office of the Company during ordinary business
hours, or at such other hour and place agreed upon by the Company and the
person or persons exercising the Option, and shall otherwise comply with the
terms and conditions of this Agreement and the Plan.  On the date specified in such written notice
(which date may be extended by the Company if any law or regulation requires
the Company to take any action with respect to the Option Shares prior to the
issuance thereof), the Company shall accept payment for the Option Shares and
shall deliver to the Optionee as soon as practicable thereafter an appropriate
certificate or certificates or book-entry for the Shares as to which the Option
was exercised.

 

The Option price
of any Shares shall be payable at the time of exercise as determined by the
Company in its sole discretion either:

 

(a)           in cash, by certified
check or bank check, or by wire transfer;

 

(b)           in whole
shares of the Company’s common stock, provided, however, that if the Optionee
is subject to the reporting requirements of Section 16 of the Securities
Exchange Act of 1934, as amended from time to time, and if such shares were
granted pursuant to an option, then (i) such option must have been granted
at least six (6) months prior to the exercise of the Option hereunder, and
(ii) such shares were owned by the Optionee for six (6) or more
months prior to the exercise of the Option hereunder;

 

(c)            through
the delivery of cash or the extension of credit by a broker-dealer to whom the
Optionee has submitted notice of exercise or otherwise indicated an intent to
exercise an Option (a so-called “cashless” exercise); or

 

(d)           in any combination of
(a), (b) or (c) above.

 

The fair market
value of the stock to be applied toward the purchase price shall be determined
as of the date of exercise of the Option in a manner consistent with the
determination of fair market value with respect to the grant of an Option under
the Plan or as otherwise may be determined by the Committee.  Any certificate for shares of outstanding
stock of the Company used to pay the purchase price shall be accompanied by a
stock power duly endorsed in blank by the registered holder of the certificate,
with signature guaranteed in the event the certificate 

 

2

 

shall also be
accompanied by instructions from the Optionee to the Company’s transfer agent
with respect to disposition of the balance of the shares covered thereby.

 

The Company shall
pay all original issue taxes with respect to the issuance of Shares pursuant
hereto and all other fees and expenses necessarily incurred by the Company in
connection therewith.  The holder of this
Option shall have the rights of a stockholder only with respect to those Shares
covered by the Option which have been registered in the holder’s name in the
share register of the Company upon the due exercise of the Option.

 

5.               NON-ASSIGNABILITY

 

This Option shall
not be transferable by the Optionee and shall be exercisable only by the
Optionee, except as the Plan or this Agreement may otherwise provide.

 

6.               NOTICES

 

Any notices
required or permitted by the terms of this Agreement or the Plan shall be given
by registered or certified mail, return receipt requested, addressed as
follows:

 

	
  To the Company:

  	
  InSight Health Services
  Holdings Corp.

  26250 Enterprise Court,
  Suite 100

  Lake Forest, CA 92630

  Attention: General
  Counsel

  
	
   

  	
   

  
	
  To the Optionee:

  	
   

  

 

or to such other
address or addresses of which notice in the same manner has previously been
given.  Any such notice shall be deemed
to have been given when mailed in accordance with the foregoing provisions.

 

7.               GOVERNING LAW

 

This Agreement
shall be construed and enforced in accordance with the laws of the State of
Delaware.

 

8.               BINDING EFFECT

 

This Agreement
shall (subject to the provisions of Paragraph 5 hereof) be binding upon the
heirs, executors, administrators, successors and assigns of the parties hereto.

 

3

 

IN
WITNESS WHEREOF, the Company and the Optionee have caused
this Agreement to be executed on their behalf, by their duly authorized
representatives, all on the day and year first above written.

 

	
  INSIGHT HEALTH SERVICES
  HOLDINGS

  	
   

  	
  OPTIONEE:

  
	
  CORP.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  	
   

  

 

4Exhibit
10.14

 

Execution
Copy

 

INSIGHT HEALTH SERVICES HOLDINGS CORP.

2008 DIRECTOR STOCK OPTION PLAN

NONSTATUTORY STOCK OPTION GRANT AGREEMENT

 

THIS AGREEMENT is made
this 14th day of April, 2008 (the “Grant Date”)
between InSight Health Services Holdings Corp., a Delaware corporation (the “Company”), and                     
(the “Optionee”).

 

WHEREAS, the Company
desires to grant to the Optionee an option to purchase shares of common stock
(the “Shares”) under the Company’s 2008
Director Stock Option Plan (the “Plan”); and

 

WHEREAS, the Company and
the Optionee understand and agree that any terms used herein have the same
meanings as in the Plan (the Optionee being referred to in the Plan as a “Participant”).

 

NOW, THEREFORE, in
consideration of the following mutual covenants and for other good and valuable
consideration, the parties agree as follows:

 

1.             GRANT OF
OPTION

 

The Company grants
to the Optionee the right and option to purchase all or any part of an
aggregate of 16,008 Shares (the “Option”) on the
terms and conditions and subject to all the limitations set forth herein and in
the Plan, which is incorporated herein by reference.  The Optionee acknowledges receipt of a copy
of the Plan and acknowledges that the definitive records pertaining to the grant
of this Option, and exercises of rights hereunder, shall be retained by the
Company.  The Option granted herein is
intended to be a Nonstatutory Option as defined in the Plan.

 

2.             PURCHASE
PRICE

 

The purchase price
of the Shares subject to the Option shall be $1.16 per Share.

 

3.             EXERCISE OF
OPTION

 

Subject to the
Plan and the terms of this paragraph and the other provisions of this
Agreement, the Option shall be exercisable as follows, as long as you are, and
have been since the date hereof, a Director of the Company on such date:

 

	
  Number of Shares

  	
   

  	
  Vesting Date

  
	
  5,336

  	
   

  	
  December 31, 2008

  
	
  5,336  

  	
   

  	
  December 31, 2009  

  
	
  5,336

  	
   

  	
  December 31, 2010

  

 

a.  Normal Vesting.  Except as provided in paragraphs 3(b) and
(c), the Options shall vest, as indicated by the Vesting Dates relating to the
number of Shares set forth above in this paragraph.

 

 

b.  Change in Control of the Company.  Immediately prior to the consummation of a
Change in Control, the Options shall fully vest and be immediately exercisable
in such transaction or otherwise.

 

c.  Expiration.  Once an Option has vested, it shall expire on
April 14, 2018, subject to termination or forfeiture as provided in the
Plan.

 

4.             ISSUANCE OF
STOCK

 

The Option may be
exercised in whole or in part (to the extent that it is exercisable in
accordance with its terms) for a whole number of Shares by giving written
notice (or any other approved form of notice) to the Company.  Such written notice shall be signed by the
person exercising the Option, shall state the number of Shares with respect to
which the Option is being exercised, shall contain the warranty, if any,
required under the Plan and shall specify a date (other than a Saturday, Sunday
or legal holiday) not less than five (5) nor more than ten (10) days
after the date of such written notice, as the date on which the Shares will be
purchased, at the principal office of the Company during ordinary business
hours, or at such other hour and place agreed upon by the Company and the
person or persons exercising the Option, and shall otherwise comply with the
terms and conditions of this Agreement and the Plan.  On the date specified in such written notice
(which date may be extended by the Company if any law or regulation requires
the Company to take any action with respect to the Option Shares prior to the
issuance thereof), the Company shall accept payment for the Option Shares and
shall deliver to the Optionee as soon as practicable thereafter an appropriate
certificate or certificates or book-entry for the Shares as to which the Option
was exercised.

 

The Option price
of any Shares shall be payable at the time of exercise as determined by the
Company in its sole discretion either:

 

(a)                                  in
cash, by certified check or bank check, or by wire transfer;

 

(b)                                  in whole shares of the Company’s common stock,
provided, however, that if the Optionee is subject to the reporting
requirements of Section 16 of the Securities Exchange Act of 1934, as
amended from time to time, and if such shares were granted pursuant to an
option, then (i) such option must have been granted at least six (6) months
prior to the exercise of the Option hereunder, and (ii) such shares were
owned by the Optionee for six (6) or more months prior to the exercise of
the Option hereunder;

 

(c)                                   through the delivery of cash or the extension of
credit by a broker-dealer to whom the Optionee has submitted notice of exercise
or otherwise indicated an intent to exercise an Option (a so-called “cashless”
exercise); or

 

(d)                                 in
any combination of (a), (b) or (c) above.

 

The fair market
value of the stock to be applied toward the purchase price shall be determined
as of the date of exercise of the Option in a manner consistent with the
determination of fair market value with respect to the grant of an Option under
the Plan or as otherwise may be determined by the Committee.  Any certificate for shares of outstanding
stock of the Company used to pay the purchase price shall be accompanied by a
stock power duly endorsed in blank by the registered holder of the certificate,
with signature guaranteed in the event the certificate 

 

2

 

shall also be
accompanied by instructions from the Optionee to the Company’s transfer agent
with respect to disposition of the balance of the shares covered thereby.

 

The Company shall
pay all original issue taxes with respect to the issuance of Shares pursuant
hereto and all other fees and expenses necessarily incurred by the Company in
connection therewith.  The holder of this
Option shall have the rights of a stockholder only with respect to those Shares
covered by the Option which have been registered in the holder’s name in the
share register of the Company upon the due exercise of the Option.

 

5.     NON-ASSIGNABILITY

 

This Option shall
not be transferable by the Optionee and shall be exercisable only by the
Optionee, except as the Plan or this Agreement may otherwise provide.

 

6.     NOTICES

 

Any notices
required or permitted by the terms of this Agreement or the Plan shall be given
by registered or certified mail, return receipt requested, addressed as
follows:

 

	
  To the Company:

  	
  InSight Health Services Holdings Corp.

  26250 Enterprise Court,
  Suite 100

  Lake Forest, CA 92630

  Attention: General
  Counsel

  
	
  To the Optionee:

  	
   

  

 

 

or to such other
address or addresses of which notice in the same manner has previously been
given.  Any such notice shall be deemed
to have been given when mailed in accordance with the foregoing provisions.

 

7.     GOVERNING LAW

 

This Agreement
shall be construed and enforced in accordance with the laws of the State of
Delaware.

 

8.     BINDING EFFECT

 

This Agreement
shall (subject to the provisions of Paragraph 5 hereof) be binding upon the
heirs, executors, administrators, successors and assigns of the parties hereto.

 

3

 

IN
WITNESS WHEREOF, the Company and the Optionee have caused
this Agreement to be executed on their behalf, by their duly authorized
representatives, all on the day and year first above written.

 

	
  INSIGHT HEALTH SERVICES
  HOLDINGS

  	
  OPTIONEE:

  
	
  CORP.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  	
   

  

 

4

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