Document:

Exhibit 10.9

 

DJO
INCORPORATED

 

NONSTATUTORY
STOCK OPTION ROLLOVER AGREEMENT

 

This AGREEMENT (this “Agreement”), dated as
of November 20, 2007 (the “Grant Date”), is made by and between ReAble
Therapeutics, Inc., a Delaware corporation which, following the
consummation of certain transactions (the “Transactions”) set forth in the
Agreement and Plan of Merger, dated July 15, 2007, intends to change its
name to “DJO Incorporated” (the “Company”), and                         
(the “Optionee”).  The Optionee holds
certain nonqualified stock options to purchase common shares of DJO
Incorporated (as constituted prior to the Transactions) (the “DJO Options”),
which the Optionee desires exchange for an option to purchase shares of the
Company’s common stock of equal value. 
As a condition to the Company granting the Option (as defined in Section 2
below) to the Optionee, the Optionee has agreed to release the Optionee’s
interest in, and rights with respect to, the DJO Options.  By accepting the Option, the Optionee agrees
and understands that the Option is subject to the terms and conditions set
forth in this Agreement and the Company’s 2007 Incentive Stock Plan (the “Plan”).

 

1.                                      Certain Definitions.  Capitalized terms used, but not otherwise
defined, in this Agreement will have the meanings given to such terms in the
Plan.  As used in this Agreement:

 

(a)                                  “Code”
means the Internal Revenue Code of 1986, as amended.

 

(b)                                 “Company”
has the meaning specified in the introductory paragraph of this Agreement or
its successors; provided, that to the extent that any class of equity
securities of a member of the Company’s controlled group becomes publicly
traded on an established securities market, the term “Company” shall be deemed
to refer to such publicly traded entity.

 

(c)                                  “Compensation
Committee” means the Executive Compensation Committee of the Board.

 

(d)                                 “Disability”
shall have the meaning set forth in the Optionee’s employment agreement with
the Company or, if there is no employment agreement, it shall mean the Optionee
is disabled as determined under Section 409A(a)(2)(C) of the Code.

 

(e)                                  “Fair
Market Value” has the meaning specified in the Plan, except as expressly set
forth herein.

 

(f)                                    “Stockholders
Agreement” shall mean that certain stockholders agreement applicable to the
Optionee, as amended from time to time.

 

(g)                                 “Termination
for Cause” means the termination by the Company of Optionee’s employment with
the Company for “cause” as defined in the employment agreement between the
Company and the Optionee or, if there is no employment agreement, the
termination by the Company of the Optionee’s employment as a result of (i) the
Optionee’s willful and continued failure to substantially perform Optionee’s
duties (other than any such failure resulting from The Optionee’s Disability or
any such failure subsequent to the Optionee being delivered notice of the
Company’s intent to terminate the Optionee’s employment without Cause)
following written notice by the Company to the Optionee which specifically
identifies such failure and the Optionee not curing such failure within thirty
(30) days following receipt of such notice (for the avoidance of doubt, unsatisfactory performance by the Optionee of his duties shall not be deemed to be a
failure to substantially perform), (ii) conviction of, or a plea of
nolo contendere to, (A) a felony (other than traffic-related) under the
laws of the United States or any 

 

 

state thereof or any similar criminal act in
a jurisdiction outside the United States or (B) a crime involving moral
turpitude that could be injurious to the Company or its reputation, (iii) the
Optionee’s willful malfeasance or willful misconduct which is materially and
demonstrably injurious to the Company, or (iv) any act of fraud by the
Optionee in the performance of the Optionee’s duties.  For purpose of the definition of Termination
for Cause set forth above, no act or failure to act shall be considered “willful”
unless done or omitted to be done by the Optionee in bad faith or without
reasonable belief that the Optionee’s action was in the best interests of the
Company and its affiliates.  Any act, or
failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board shall be conclusively presumed to be done, or omitted to
be done, by the Optionee in good faith and in the best interests of the
Company.

 

2.                                       Grant of Stock Option.  Subject to and upon the terms, conditions,
and restrictions set forth in this Agreement and in the Plan, the Company
hereby grants to Optionee an option (the “Option”) to purchase shares of the
Company’s common stock (the “Option Shares”). 
Set forth on Exhibit A is the number of shares subject to
the Option and the per share exercise price (the “Option Price”) of such
shares.  The Option may be exercised in
accordance with the terms of this Agreement.

 

3.                                       Term of Option.  The term applicable to each Option Share is
set forth on Exhibit A.

 

4.                                       Right to Exercise.  Unless a later termination date is provided
for in a Company-sponsored plan, policy or arrangement, or any agreement to
which the Company is a party, the Option shall automatically terminate upon the
happening of the first of the following events:

 

(a)                                  If
the Grantee’s termination of employment is for Cause (as defined in Section 7(i) of
the Plan), the Option shall expire and be deemed cancelled and forfeited as of
such termination date.

 

(b)                                 If
the Grantee’s termination of employment is due to his or her Disability or
death, the Option as of the date of such termination shall remain exercisable
for a period of one (1) year (but not beyond the term of the Option)
following such termination of employment, and shall thereafter be deemed
canceled and forfeited; and

 

(c)                                  If
the Grantee’s termination of employment is for any reason other than those set
forth in subparagraphs (ii) and (iii) above, the Option as of the
date of such termination shall remain exercisable for a period of ninety (90)
days (but not beyond the term of the Option) following such termination of
employment, and shall thereafter be deemed canceled and forfeited.

 

Notwithstanding anything herein to the
contrary, no Option Share shall be exercisable after its term has expired.

 

5.                                       Option Nontransferable.  The Optionee may not transfer or assign all
or any part of the Option other than by will or by the laws of descent and
distribution.  This Option may be
exercised, during the lifetime of the Optionee, only by the Optionee, or in the
event of the Optionee’s legal incapacity, by the Optionee’s guardian or legal
representative acting on behalf of the Optionee in a fiduciary capacity under
state law and court supervision. 
Notwithstanding 

 

2

 

anything herein to the contrary, the Optionee may transfer or assign
all or any part of the Option to “family members” (as defined in the General
Instructions to Form S-8 of the Securities Act of 1933) or trusts,
partnerships or similar entities for the benefit of such family members, for
estate planning purposes or in connection with the disposition of Optionee’s
estate.

 

6.                                       Notice of Exercise; Payment.

 

(a)                                  To
the extent then exercisable, the Option may be exercised in whole or in part by
written notice to the Company stating the number of Option Shares for which the
Option is being exercised and the intended manner of payment.  The date of such notice shall be the exercise
date.  Payment equal to the aggregate
Option Price of the Option Shares being purchased pursuant to an exercise of
the Option must be tendered in full with the notice of exercise to the Company
in one or a combination of the following methods as specified by the Optionee
in the notice of exercise:  (i) cash
in the form of currency or check or by wire transfer as directed by the
Company, (ii) solely
following an IPO in Shares otherwise being traded on an established securities
market, through the surrender to the Company of Shares owned by the
Optionee for at least six months as valued at their Fair Market Value on the
date of exercise, (iii) through net exercise, using Shares to be acquired
upon exercise of the Option, such Shares being valued at their Fair Market
Value (which for such purpose shall have the meaning set forth in the
Stockholders Agreement) on the date of exercise, or (iv) through such
other form of consideration as is deemed acceptable by the Board.

 

(b)                                 As
soon as practicable upon the Company’s receipt of the Optionee’s notice of
exercise and payment, the Company shall direct the due issuance of the Option
Shares so purchased.

 

(c)                                  As
a further condition to the exercise of the Option in whole or in part, the
Optionee shall comply with all regulations and the requirements of any
regulatory authority having control of, or supervision over, the issuance of
the shares of common stock
and in connection therewith shall execute any documents which the Board shall
in its sole discretion deem necessary or advisable.

 

7.                                       Stockholders Agreement.  The Optionee agrees that any Option Shares
that the Optionee receives pursuant to this Agreement or under the Plan are
subject to the terms and conditions set forth in the Stockholders Agreement
attached hereto as Exhibit B. 

 

8.                                       Initial Public Offering.  Option Shares acquired on exercise of any
Option will be subject to the terms and conditions of the Stockholders
Agreement.

 

9.                                       No Employment Contract.  Nothing contained in this Agreement shall (a) confer
upon the Optionee any right to be employed by or remain employed by the Company
or any Subsidiary, or (b) limit or affect in any manner the right of the
Company or any Subsidiary to terminate the employment or adjust the
compensation of the Optionee.

 

10.                                 Dividend Equivalents.  Upon the payment of any ordinary or
extraordinary cash dividend (or similar distributions) to holders of Company
common stock, dividend equivalents shall be paid to the Optionee in cash at the
same time dividends are paid to holders of Company common stock.

 

11.                                 Taxes and Withholding.  The Company or any Subsidiary may withhold,
or require the Optionee to remit to the Company or any Subsidiary, an amount
sufficient to satisfy federal, state, local or foreign taxes (including the
Optionee’s FICA obligation) in connection 

 

3

 

with any payment made or benefit realized by the Optionee or other
person under this Agreement or otherwise, and if the amounts available to the
Company or any Subsidiary for such withholding are insufficient, it shall be a
condition to the receipt of such payment or the realization of such benefit
that Optionee or such other person make arrangements satisfactory to the
Company or any Subsidiary for payment of the balance of such taxes required to
be withheld.  The Optionee may elect to have
such withholding obligation satisfied by surrendering to the Company or
any Subsidiary a
portion of the Option Shares that are issued or transferred to the Optionee
upon the exercise of an Option (but only to the extent of the minimum
withholding required by law), and the Option Shares so surrendered by Optionee
shall be credited against any such withholding obligation at the Fair Market
Value (which for such purpose shall have the meaning set forth in the
Stockholders Agreement) of such Shares on the date of such surrender.

 

12.                                Compliance
with Law.  The Company
shall make reasonable efforts to comply with all applicable federal and state
securities laws; provided, however, that notwithstanding any other provision of
this Agreement, the Option shall not be exercisable if the exercise thereof
would result in a violation of any such law.

 

13.                                Adjustments.

 

(a)                                  The
Board shall make or provide for such substitution or adjustments in the number
of Option Shares covered by this Option, in the Option Price applicable to such
Option, and in the kind of shares covered thereby and/or such other equitable
substitution or adjustments as the Board may determine to prevent dilution or
enlargement of the Optionee’s rights that otherwise would result from (i) any
stock dividend, extraordinary cash-dividend, stock split, combination of
shares, recapitalization, or other change in the capital structure of the
Company, (ii) any merger, consolidation, spin-off, split-off, spin-out,
split-up, reclassification, reorganization, partial or complete liquidation, or
other distribution of assets or issuance of rights or warrants to purchase
securities, or (iii) any other corporate transaction or event having an
effect similar to any of the foregoing. 
In the case of a Change in Control, such substitutions and adjustments
include, without limitation, canceling any and all Options in exchange for cash
payments equal to the excess, if any, of the value of the consideration paid to
a shareholder of an Option Share over the Option Price per share subject to
such Option in connection with such an adjustment event.

 

(b)                                 To
the extent that any equity securities of any member of the Company’s controlled
group become publicly traded, at such time all Options shall be exchanged, in a
manner consistent with Sections 409A and 424 of the Code, for options with the
same intrinsic value in the publicly-traded entity, and all Shares shall be
exchanged for shares of common stock with the same aggregate value of the
publicly-traded entity.

 

14.                                Relation
to Other Benefits.  Any
economic or other benefit to Optionee under this Agreement shall not be taken
into account in determining any benefits to which Optionee may be entitled
under any profit-sharing, retirement or other benefit or compensation plan
maintained by the Company or any Subsidiary and shall not affect the amount of
any life insurance coverage available to any beneficiary under any life
insurance plan covering employees of the Company or any Subsidiary.

 

15.                                Amendments.  Any amendment to the Plan shall be deemed to
be an amendment to this Agreement to the extent that the amendment is
applicable hereto.

 

16.                                Severability.  If one or more of the provisions of this
Agreement is invalidated for any reason by a court of competent jurisdiction,
any provision so invalidated shall be deemed 

 

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to be separable from the other provisions hereof, and the remaining
provisions hereof shall continue to be valid and fully enforceable.

 

17.                                Relation
to Plan.  This Agreement
is subject to the terms and conditions of the Plan.  In the event of any inconsistent provisions
between this Agreement and the Plan, the Plan shall govern.  The Board acting pursuant to the Plan, as
constituted from time to time, shall, except as expressly provided otherwise
herein, have the right to determine any questions which arise in connection
with the Option or its exercise.

 

18.                                Successors
and Assigns.  The
provisions of this Agreement shall inure to the benefit of, and be binding
upon, the successors, administrators, heirs, legal representatives and assigns
of Optionee, and the successors and assigns of the Company.

 

19.                                Governing
Law.  The interpretation,
performance, and enforcement of this Agreement shall be governed by the laws of
the State of New York, without giving effect to the principles of conflict of
laws thereof and all parties, including their successors and assigns, consent
to the jurisdiction of the state and federal courts of New York.

 

20.                                Prior
Agreement.  As of the
Grant Date, this Agreement supersedes any and all prior and/or contemporaneous
agreements, either oral or in writing, between the parties hereto, or between
either or both of the parties hereto and the Company, with respect to the
subject matter hereof.  Each party to
this Agreement acknowledges that no representations, inducements, promises, or
other agreements, orally or otherwise, have been made by any party, or anyone
acting on behalf of any party, pertaining to the subject matter hereof, which
are not embodied herein, and that no prior and/or contemporaneous agreement,
statement or promise pertaining to the subject matter hereof that is not
contained in this Agreement shall be valid or binding on either party.

 

21.                                Notices.  For all purposes of this Agreement, all
communications, including without limitation notices, consents, requests or
approvals, required or permitted to be given hereunder will be in writing and
will be deemed to have been duly given when hand delivered or dispatched by
electronic facsimile transmission (with receipt thereof confirmed), or five
business days after having been mailed by United States registered or certified
mail, return receipt requested, postage prepaid, or three business days after
having been sent by a nationally recognized overnight courier service such as
Federal Express, UPS, or Purolator, addressed to the Company (to the attention
of the Secretary of the Company) at its principal executive offices and to
Optionee at his principal residence, or to such other address as any party may
have furnished to the other in writing and in accordance herewith, except that
notices of changes of address shall be effective only upon receipt.

 

22.                                Counterparts.  This Agreement 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

 

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

 

 

	
   

  	
  REABLE THERAPEUTICS, INC.:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HARRY L. ZIMMERMAN

  

 

 

I hereby accept the Option described in this Agreement, and I agree to
be bound by the terms of the Plan and the Management Stockholders
Agreement.  I hereby further agree that I
have released any interest in, and all rights with respect to, the DJO
Options.  I understand that all of the
decisions and determinations of the Board shall be final and binding.

 

	
   

  	
  OPTIONEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  

 

[Signature
Page to DJO Nonstatutory Stock Option Rollover Agreement]

 

 

EXHIBIT A

 

DESCRIPTION OF THE OPTION

 

Date of Grant:

 

Vesting Schedule:

 

Exercise Price Per Share:

 

Total Number of Options Granted:

 

Term/Expiration Date:

 

 

EXHIBIT B

 

MANAGEMENT STOCKHOLDERS AGREEMENTExhibit 10.10

 

DJO INCORPORATED

 

INCENTIVE STOCK OPTION ROLLOVER
AGREEMENT

 

This AGREEMENT (this “Agreement”), dated as of November 20,
2007 (the “Grant Date”), is made by and between ReAble Therapeutics, Inc.,
a Delaware corporation which, following the consummation of certain
transactions (the “Transactions”) set forth in the Agreement and Plan of
Merger, dated July 15, 2007, intends to change its name to “DJO
Incorporated” (the “Company”), and                                     
(the “Optionee”).  The Optionee holds
certain incentive stock options to purchase common shares of DJO Incorporated
(as constituted prior to the Transactions) (the “DJO Options”), which the
Optionee desires exchange for an option to purchase shares of the Company’s
common stock of equal value.  As a
condition to the Company granting the Option (as defined in Section 1
below) to the Optionee, the Optionee has agreed to release the Optionee’s
interest in, and rights with respect to, the DJO Options.  By accepting the Option, the Optionee agrees
and understands that the Option is subject to the terms and conditions set
forth in this Agreement and the Company’s 2007 Incentive Stock Plan (the “Plan”).

 

1.                                       Grant of Option. 
Subject to the terms and conditions set forth in this Agreement and in
the Plan, the Company hereby grants to the Grantee an Incentive Stock Option
(the “Option”) to purchase shares of the Company’s common stock (the “Shares”).  Set forth on Exhibit A is the
number of shares subject to the Option and the per share exercise price of such
shares.

 

2.                                       Vesting and Exercisability. 
The Option shall be fully vested and exercisable as of the Date of
Grant.

 

3.                                       Term of Option.

 

(a)                                  The term applicable to each Option Share
is set forth on Exhibit A, unless it is terminated at an earlier
date pursuant to the provisions of this Agreement or the Plan.

 

(b)                                 Unless a later termination date is
provided for in a Company-sponsored plan, policy or arrangement, or any
agreement to which the Company is a party, the Option shall automatically
terminate upon the happening of the first of the following events:

 

(i)                                     If the Grantee’s termination of
employment is for Cause (as defined in Section 7(i) of the Plan), the
Option shall expire and be deemed cancelled and forfeited as of such
termination date.

 

(ii)                                  If the Grantee’s termination of
employment is due to his Disability or death, the Option as of the date of such
termination shall remain exercisable for a period of one (1) year (but not
beyond the term of the Option) following such termination of employment, and
shall thereafter be deemed canceled and forfeited; and

 

(iii)                               If the Grantee’s termination of
employment is for any reason other than those set forth in subparagraphs (ii) and
(iii) above, the Option as of the date of such termination shall remain
exercisable for a period of ninety (90) days (but not beyond the 

 

 

term of the Option)
following such termination of employment, and shall thereafter be deemed
canceled and forfeited.

 

Notwithstanding
anything herein to the contrary, in no event shall any shares subject to the
Option be exercisable after their applicable term has expired.

 

4.                                       Exercise Procedures.

 

(a)                                  Subject to the provisions of Sections 2
and 3 above, the Grantee may exercise part or all of the exercisable Option by
giving the Company written notice of intent to exercise in the manner provided
in this Agreement, specifying the number of Shares as to which the Option is to
be exercised.  At such time as the Board
shall determine, the Grantee shall pay the exercise price (i) in cash or
by check, (ii) by payment through a broker in accordance with procedures
permitted by Regulation T of the Federal Reserve Board, or (iii) by such
other method as the Company may approve. 
The Company may impose from time to time such limitations as it deems
appropriate on the use of Shares of the Company to exercise the Option.

 

(b)                                 The obligation of the Company to deliver
Shares upon exercise of the Option shall be subject to all applicable laws,
rules, and regulations and such approvals by governmental agencies as may be
deemed appropriate by the Company, including such actions as Company counsel
shall deem necessary or appropriate to comply with relevant securities laws and
regulations.  The Company may require
that the Grantee (or other person exercising the Option after the Grantee’s
death) represent that the Grantee is purchasing Shares for the Grantee’s own
account and not with a view to or for sale in connection with any distribution
of the Shares, or such other representation as the Company deems appropriate.

 

(c)                                  All obligations of the Company under this
Agreement shall be subject to the rights of the Company as set forth in the
Plan to withhold amounts required to be withheld for any taxes, if
applicable.  Subject to Board approval,
the Grantee may elect to satisfy any tax withholding obligation of the Employer
with respect to the Option by having Shares withheld up to an amount that does
not exceed the minimum applicable withholding tax rate for federal (including
FICA), state and local tax liabilities.

 

5.                                       Designation as Incentive
Stock Option.

 

(a)                                  This Option is designated an incentive
stock option under Section 422 of the Internal Revenue Code of 1986, as
amended (the “Code”).  If the aggregate
fair market value of the stock on the date of the grant with respect to which
incentive stock options are exercisable for the first time by the Grantee
during any calendar year, under the Plan or any other stock option plan of the
Company or a parent or subsidiary, exceeds one hundred thousand dollars
($100,000), then the Option, as to the excess, shall be treated as a
nonqualified stock option that does not meet the requirements of Section 422.  If and to the extent that the Option fails to
qualify as an incentive stock option under the Code, the Option shall remain
outstanding according to its terms as a nonqualified stock option.

 

(b)                                 The Grantee understands that favorable
incentive stock option tax treatment is available only if the Option is
exercised while the Grantee is an employee of the Company or a parent or
subsidiary of the Company or within a period of time specified in the Code
after the 

 

 

Grantee ceases to
be an employee.  The Grantee understands
that the Grantee is responsible for the income tax consequences of the Option,
and, among other tax consequences, the Grantee understands that he or she may
be subject to the alternative minimum tax under the Code in the year in which
the Option is exercised.  The Grantee
will consult with his or her tax adviser regarding the tax consequences of the
Option.

 

(c)                              The Grantee agrees that the Grantee shall
immediately notify the Company in writing if the Grantee sells or otherwise
disposes of any Shares acquired upon the exercise of the Option and such sale
or other disposition occurs on or before the later of (i) two (2) years
after the Date of Grant or (ii) one (1) year after the exercise of
the Option.  The Grantee also agrees to
provide the Company with any information requested by the Company with respect
to such sale or other disposition.

 

6.                                       Stockholder’s Agreement. 
As a condition of receiving this Option, the Grantee hereby agrees to
execute, simultaneously with the Grantee’s execution of this Agreement, the
Management Stockholders Agreement attached hereto as Exhibit B, and
the Grantee agrees to be bound thereby.

 

7.                                       Restrictions on Exercise. 
Except as the Company may otherwise permit pursuant to the Plan, only
the Grantee may exercise the Option during the Grantee’s lifetime and, after
the Grantee’s death, the Option shall be exercisable (subject to the
limitations specified in the Plan) solely by the legal representatives of the
Grantee, or by the person who acquires the right to exercise the Option by will
or by the laws of descent and distribution, to the extent that the Option is exercisable
pursuant to this Agreement.

 

8.                                       Grant Subject to Plan
Provisions.  This grant is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall
be interpreted in accordance with the Plan. 
The grant and exercise of the Option are subject to interpretations,
regulations and determinations concerning the Plan established from time to
time by the Board in accordance with the provisions of the Plan, including, but
not limited to, provisions pertaining to (i) rights and obligations with
respect to withholding taxes, (ii) the registration, qualification or
listing of the Shares, (iii) changes in capitalization of the Company and (iv) other
requirements of applicable law.  The
Board shall have the authority to interpret and construe the Option pursuant to
the terms of the Plan, and its decisions shall be conclusive as to any
questions arising hereunder.

 

9.                                       No Employment or Other
Rights.  The grant of the Option shall not confer upon
the Grantee any right to be retained by or in the employ or service of the
Company and shall not interfere in any way with the right of the Company to
terminate the Grantee’s employment or service at any time.  The right of the Company to terminate at will
the Grantee’s employment or service at any time for any reason is specifically
reserved.

 

10.                                 No Stockholder Rights. 
Neither the Grantee, nor any person entitled to exercise the Grantee’s
rights in the event of the Grantee’s death, shall have any of the rights and
privileges of a stockholder with respect to the Shares subject to the Option,
until certificates for Shares have been issued upon the exercise of the Option.

 

 

11.                                 Assignment and Transfers. 
Except as the Board may otherwise permit pursuant to the Plan, the
rights and interests of the Grantee under this Agreement may not be sold,
assigned, encumbered or otherwise transferred except, in the event of the death
of the Grantee, by will or by the laws of descent and distribution.  In the event of any attempt by the Grantee to
alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or
any right hereunder, except as provided for in this Agreement, or in the event
of the levy or any attachment, execution or similar process upon the rights or
interests hereby conferred, the Company may terminate the Option by notice to
the Grantee, and the Option and all rights hereunder shall thereupon become
null and void.  The rights and
protections of the Company hereunder shall extend to any successors or assigns
of the Company and to the Company’s parents, subsidiaries, and affiliates.  This Agreement may be assigned by the Company
without the Grantee’s consent.

 

12.                                 Applicable Law. 
The validity, construction, interpretation and effect of this Agreement
shall be governed by and construed in accordance with the laws of the New York,
without giving effect to the conflicts of laws provisions thereof.

 

13.                                 Notice. 
Any notice to the Company provided for in this Agreement shall be
addressed to the Company in care of Donald Roberts, and any notice to the
Grantee shall be addressed to such Grantee at the current address shown on the
payroll of the Company, or to such other address as the Grantee may designate
to the Company in writing.  Any notice
shall be delivered by hand, sent by telecopy or enclosed in a properly sealed
envelope addressed as stated above, deposited, postage prepaid, in a post
office regularly maintained by the United States Postal Service.

 

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, the Company has caused its duly
authorized officer to execute this Agreement, and the Grantee has executed this
Agreement, effective as of the Date of Grant.

 

	
   

  	
   

  	
  ReAble Therapeutics, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HARRY L. ZIMMERMAN

  
					

 

I hereby accept the
Option described in this Agreement, and I agree to be bound by the terms of the
Plan and the Management Stockholders Agreement. 
I hereby further agree that I have released any interest in, and all
rights with respect to, the DJO Options. 
I understand that all of the decisions and determinations of the Board
shall be final and binding.

 

	
   

  	
  Optionee:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  	
   

  
				

 

 

[Signature Page to Incentive
Stock Option Rollover Agreement]

 

 

EXHIBIT A

 

DESCRIPTION OF THE OPTION

 

Date of Grant:

 

Exercise Price Per Share:

 

Total Number of Options Granted:

 

Term/Expiration Date:

 

 

EXHIBIT B

 

MANAGEMENT STOCKHOLDERS AGREEMENT

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