Document:

Form of Hudson Highland Group, Inc. Restricted Stock Award Agreement

 Exhibit 10.2 
 HUDSON HIGHLAND GROUP, INC. 
 RESTRICTED STOCK AWARD AGREEMENT 
 RESTRICTED STOCK AWARD AGREEMENT (“Agreement”) made as of the [DAY]th day of [MONTH], [YEAR], by and between HUDSON HIGHLAND GROUP,
INC., a Delaware corporation (the “Company”) and FIRST NAME LAST NAME (the “Grantee”). 
 W I T N E S S E T H: 

 WHEREAS, pursuant to the Hudson Highland Group, Inc. Long Term Incentive Plan (the “Plan”), the Company desires to grant
to the Grantee and the Grantee desires to accept an award of shares of common stock, $.001 par value, of the Company (the “Common Stock”) upon the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 1. Award. Subject to the terms and conditions set forth herein, the Company hereby awards the Grantee [RESTRICTED STOCK AWARDS] shares of Common Stock (the “Restricted Stock”). 
 2. Restrictions; Vesting. Except as otherwise provided herein, the Restricted Stock may not be sold, transferred, pledged, encumbered, assigned or
otherwise alienated or hypothecated, if at all, until such shares of Restricted Stock have vested. The Restricted Stock shall vest one-third on each of the first three anniversaries of the date of this Agreement, provided that (a) the 20-day
average Fair Market Value (as defined in the Plan) of a share of Common Stock meets or exceeds the applicable share price target at anytime on or prior to such anniversary date, and (b) the Grantee remains employed by the Company or an
affiliate (as defined below) of the Company from the date hereof through such anniversary date. The share price targets and the percentage of shares of Restricted Stock that correspond to each share price target are set forth in the table below.
With respect to each share price target, such target shall be deemed to be achieved on the first day following the date of this Agreement on which the 20-day average Fair Market Value of a share of Common Stock meets or exceeds such share price
target. Shares of Restricted Stock that would otherwise vest on an anniversary date, but that do not vest on such date because the applicable share price target has not been achieved, shall vest immediately if and when the applicable share price
target is achieved if the Grantee continues to remain employed by the Company or an affiliate of the Company at such time; provided that, if a share price target is not achieved by the fifth anniversary of the date of this Agreement, then the
Grantee shall forfeit the number of unvested shares of Restricted Stock that correspond to such share price target. As used in this Agreement, the term “affiliate” means an affiliate of the Company within the meaning of Rule 405 under the
Securities Act of 1933, as amended. 
  

						
	 Share Price Target
	  	Incremental
Percentage of
Vested
Restricted Stock	  	Cumulative
Percentage of
Vested
Restricted Stock
			
	$	6	  	33 1/3%	  	33 1/3%
	$	9	  	33 1/3%	  	66 2/3%
	$	12	  	33 1/3%	  	   100%

 If any fractional shares would result from the strict application of the incremental percentages set forth above,
then the actual number of shares of Restricted Stock that vest on any specific date will cover only the full number of shares determined by rounding the number of shares to be issued from the strict application of the incremental percentages set
forth above to the nearest whole number. 

 3. Evidence of Restricted Stock. The shares of Restricted Stock awarded under this Agreement
initially will be evidenced by book entries on the Company’s stock transfer records. If and when the shares of Restricted Stock vest pursuant to Section 2 and the restrictions imposed by Section 2 terminate, the Company will deliver
to the Grantee one or more stock certificates for the appropriate number of shares, free of any restrictions imposed under this Agreement. 
 4. Tax Withholding. Notwithstanding anything herein to the contrary, certificates for shares of Restricted Stock that have vested shall not be delivered to the Grantee unless and until the Grantee has delivered to the Executive Vice
President, Human Resources of the Company, at its corporate headquarters in New York, New York, cash payment, if any, deemed necessary by the Company to enable it to satisfy any federal, foreign or other tax withholding obligations with respect to
the shares of Restricted Stock that have vested (the “Tax Amount”) (unless other arrangements acceptable to the Company in its sole discretion have been made). Notwithstanding anything herein to the contrary, in the event that a Grantee
has not satisfied the conditions outlined in the immediately preceding sentence within twenty (20) days after the shares of Restricted Stock have vested, the Company may (but shall not be required to), in its sole discretion, at any time by
notice to the Grantee, choose to satisfy the conditions outlined in the immediately preceding sentence by unilaterally revoking the Grantee’s right to receive that number of shares of Restricted Stock that have vested with an aggregate value
equal to 150% of the Tax Amount. For purposes of the preceding sentence, each share of Restricted Stock shall be deemed to have a value equal to the average closing price of a share of the Common Stock on the Nasdaq National Market (or such other
U.S. exchange or market on which the Common Stock is then primarily traded) on the five (5) trading days up to and including the date of vesting. The Company may from time to time change (or provide alternatives to) the method of tax
withholding on the Restricted Stock granted hereunder by notice to the Grantee, it being understood that from and after such notice the Grantee will be bound by the method (or alternatives) specified in any such notice. The Company (in its sole and
absolute discretion) may permit all or part of the Tax Amount to be paid with shares of Common Stock that have been owned by the Grantee for at least six months, or in installments (together with interest) evidenced by the Grantee’s secured
promissory note. 
 5. Termination of Employment. If the Grantee’s employment or service with the Company or its affiliates is
terminated for any reason other than death, then the shares of Restricted Stock that have not yet become fully vested in accordance with Section 2 will automatically be forfeited by the Grantee (or the Grantee’s successors) and any book
entry with respect thereto will be canceled. If the Grantee’s employment terminates by reason of the Grantee’s death, then the shares of Restricted Stock that have not yet become fully vested as a result of an anniversary date not having
been reached shall automatically become fully vested, but only if and to the extent that the applicable share price target set forth in the table contained in Section 2 shall have been achieved on or prior to the date of such termination of
employment. 
 6. Voting Rights; Dividends and Other Distributions. 
 a. While the Restricted Stock is subject to restrictions under Section 2 and prior to any forfeiture thereof, the Grantee may exercise full voting
rights for the Restricted Stock registered in his name. 
 b. While the Restricted Stock is subject to the restrictions under Section 2
and prior to any forfeiture thereof, the Grantee shall be entitled to receive all dividends and other distributions paid with respect to the Restricted Stock. If any such dividends or distributions are paid in shares of Common Stock, then such
shares shall be subject to the same restrictions as the shares of Restricted Stock with respect to which they were paid. 
 c. Subject to the
provisions of this Agreement, the Grantee shall have, with respect to the Restricted Stock, all other rights of holders of Common Stock. 
 7. Securities Law Restrictions. Notwithstanding anything herein to the contrary, shares of Restricted Stock shall not be issued hereunder if, in the opinion of counsel to the Company, such exercise and/or issuance may result in a
violation of federal or state securities laws or the securities laws of any other relevant jurisdiction. 

 8. Change in Control. Effective upon a Change in Control (as defined below), the shares of
Restricted Stock will fully vest and the restrictions imposed upon the Restricted Stock by Section 2 will be immediately deemed to have lapsed. For purposes hereof, a “Change in Control” shall be deemed to occur on the first to occur
of any one of the following events: (a) the consummation of a consolidation, merger, share exchange or reorganization involving the Company, unless such consolidation, merger, share exchange or reorganization is a “Non-Control
Transaction” (as defined below); (b) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition by the Company of all, or substantially all, of the
assets of the Company (in one transaction or a series of related transactions within any period of 24 consecutive months), other than a sale or disposition by the Company of all, or substantially all, of the Company’s assets to an entity at
least 75% of the combined voting power of the voting securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale; (c) any person (as such
term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (other than (1) the Company, (2) any subsidiary of the Company, (3) a trustee or other fiduciary
holding securities under any employee benefit plan (or any trust forming a part thereof) maintained by the Company or any subsidiary or (4) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock in the Company) is or becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company (not including in the securities
beneficially owned by such person any securities acquired directly from the Company after the date hereof pursuant to express authorization by the Board that refers to this exception) representing more than 20% of the then outstanding shares of
Common Stock or the combined voting power of the Company’s then outstanding voting securities; or (d) the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, as of
the date hereof, constitute the entire Board of Directors of the Company (the “Board”) and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest) whose
appointment or election by the Board or nomination for election by the Company’s stockholders was approved or recommended by a vote of at least two-thirds of the directors then still in office who either were directors on the date hereof or
whose appointment, election or nomination for election was previously so approved or recommended. Notwithstanding the foregoing, no “Change in Control” shall be deemed to have occurred if there is consummated any transaction or series of
integrated transactions immediately following which the record holders of the Common Stock immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in an entity that owns all or
substantially all of the assets or voting securities of the Company immediately following such transaction or series of transactions. A “Non-Control Transaction” shall mean a consolidation, merger, share exchange or reorganization of the
Company where (a) the stockholders of the Company immediately before such consolidation, merger, share exchange or reorganization beneficially own, directly or indirectly, more than 50% of the then outstanding shares of common stock and the
combined voting power of the outstanding voting securities of the corporation resulting from such consolidation, merger, share exchange or reorganization (the “Surviving Corporation”); (b) the individuals who were members of the Board
immediately prior to the execution of the agreement providing for such consolidation, merger, share exchange or reorganization constitute at least 50% of the members of the board of directors of the Surviving Corporation; and (c) no person
(other than (1) the Company, (2) any subsidiary of the Company or (3) any employee benefit plan (or any trust forming a part thereof) maintained by the Company, the Surviving Corporation or any subsidiary) is or becomes the beneficial
owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such person any securities acquired directly from the Company after the date hereof pursuant to express authorization by the Board
that refers to this exception) representing more than 20% of the then outstanding shares of the common stock of the Surviving Corporation or the combined voting power of the Surviving Corporation’s then outstanding voting securities.

 9. No Employment Rights. Nothing in this Agreement shall give the Grantee any right to continue in the employment of the Company or
any affiliate of the Company, or interfere in any way with the right of the Company or any affiliate of the Company to terminate the employment of the Grantee. 
 10. Plan Provisions. The provisions of the Plan shall govern if and to the extent that there are inconsistencies between those provisions and the provisions hereof. The Grantee acknowledges receipt of a copy of
the Plan prior to the execution of this Agreement. 
 11. Administration. The Committee will have full power and authority to
interpret and apply the provisions of this Agreement and act on behalf of the Company and the Board in connection with this Agreement, and the decision of the Committee as to any matter arising under this Agreement shall be binding and conclusive as
to all persons. 

 12. Binding Effect; Headings. This Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their respective successors and permitted assigns. The subject headings of Sections of this Agreement are included for the purpose of convenience only and shall not affect the construction or interpretation of any of its
provisions. All references in this Agreement to “$” or “dollars” are to United States dollars. 
 13. Employee
Handbook and Arbitration Agreements. As a material inducement to the Company to grant this award of Restricted Stock and to enter into this Agreement, the Grantee hereby expressly agrees to (a) comply with and abide by the terms and
conditions of, and rules relating to, such Grantee’s employment with the Company or an affiliate set forth in the applicable employee handbook and (b) be bound by the terms and provisions of any arbitration or similar agreement to which
the Grantee is or becomes a party with the Company or an affiliate. 
 14. Confidentiality, Non-Solicitation and Work Product
Assignment. As a material inducement to the Company to grant this award of Restricted Stock and enter into this Agreement, the Grantee hereby expressly agrees to be bound by the following covenants, terms and conditions: 
 a. Definition. “Confidential Information” consists of all information or data relating to the business of the Company, including but not
limited to, business and financial information; new product development and technological data; personnel information and the identities of employees; the identities of clients and suppliers and prospective clients and suppliers; client lists and
potential client lists; development, expansion and business strategies, plans and techniques; computer programs, devices, methods, techniques, processes and inventions; research and development activities; trade secrets as defined by applicable law
and other materials (whether in written, graphic, audio, visual, electronic or other media, including computer software) developed by or on behalf of the Company which is not generally known to the public, which the Company has and will take
precautions to maintain as confidential, and which derives at least a portion of its value to the Company from its confidentiality. Additionally, Confidential Information includes information of any third party doing business with the Company
(actively or prospectively) that the Company or such third party identifies as being confidential. Confidential Information does not include any information that is in the public domain or otherwise publicly available (other than as a result of a
wrongful act by the Grantee or an agent or other employee of the Company). For purposes of this Section 14, the term “the Company” also refers to each of its officers, directors, employees and agents, all subsidiary and affiliated
entities, all benefit plans and benefit plans’ sponsors and administrators, fiduciaries, affiliates, and all successors and assigns of any of them. 
 b. Agreement to Maintain the Confidentiality of Confidential Information. The Grantee acknowledges that, as a result of his/her employment by the Company, he/she will have access to such Confidential
Information and to additional Confidential Information which may be developed in the future. The Grantee acknowledges that all Confidential Information is the exclusive property of the Company, or in the case of Confidential Information of a third
party, of such third party. The Grantee agrees to hold all Confidential Information in trust for the benefit of the owner of such Confidential Information. The Grantee further agrees that he/she will use Confidential Information for the sole purpose
of performing his/her work for the Company, and that during his/her employment with the Company, and at all times after the termination of that employment for any reason, the Grantee will not use for his/her benefit, or the benefit of others, or
divulge or convey to any third party any Confidential Information obtained by the Grantee during his/her employment by the Company, unless it is pursuant to the Company’s prior written permission. 
 c. Return of Property. The Grantee acknowledges that he/she has not acquired and will not acquire any right, title or interest in any Confidential
Information or any portion thereof. The Grantee agrees that upon termination of his/her employment for any reason, he/she will deliver to the Company immediately, but in no event later that the last day of his/her employment, all documents, data,
computer programs and all other materials, and all copies thereof, that were obtained or made by the Grantee during his/her employment with the Company, which contain or relate to Confidential Information and will destroy all electronically stored
versions of the foregoing. 
 d. Disclosure and Assignment of Inventions and Creative Works. The Grantee agrees to promptly disclose
in writing to the Company all inventions, ideas, discoveries, developments, improvements and innovations (collectively “Inventions”), whether or not patentable and all copyrightable works, including but limited to computer software designs
and programs (“Creative Works”) conceived, made or developed by the Grantee, whether solely or together with others, during the period the Grantee is employed by the Company. The Grantee agrees that all Inventions and all Creative Works,
whether or not conceived or made during working hours, that: (1) relate directly to the business of the Company or its actual or demonstrably anticipated research or development, or (2) result from the Grantee’s work for the Company,
or (3) involve the use of any equipment, supplies, facilities, Confidential Information, or time of the Company, are the exclusive property of the Company. The Grantee hereby assigns and agrees to assign all right, title and interest in and to
all such Inventions and Creative Works to the Company. The Grantee understands that he/she is not required to assign to the Company any Invention or Creative Work for which no equipment, supplies, facilities, Confidential Information or time of the
Company was used, unless such Invention or Creative Work relates directly to the Company’s business or actual or demonstrably anticipated research and development, or results from any work performed by the Grantee for the Company. 

 e. Non-Solicitation of Clients. During the period of the Grantee’s employment with the
Company and for a period of one year from the date of termination of such employment for any reason, the Grantee agrees that he/she will not, directly or indirectly, for the Grantee’s benefit or on behalf of any person, corporation, partnership
or entity whatsoever, call on, solicit, perform services for, interfere with or endeavor to entice away from the Company any client to whom the Company provides services at any time during the 12 month period proceeding the date of termination of
the Grantee’s employment with the Company, or any prospective client to whom the Company had made a presentation at any time during the 12 month period preceding the date of termination of the Grantee’s employment with the Company.

 f. Non-Solicitation of Employees. For a period of one year after the date of termination of the Grantee’s employment with the
Company for any reason, the Grantee agrees that he/she will not, directly or indirectly, hire, attempt to hire, solicit for employment or encourage the departure of any employee of the Company, to leave employment with the Company, or any individual
who was employed by the Company as of the last day of the Grantee’s employment with the Company. 
 g. Enforcement. If, at the
time of enforcement of this Section 14, a court holds that any of the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area deemed reasonable
under such circumstances will be substituted for the stated period, scope or area as contained in this Section 14. Because money damages would be an inadequate remedy for any breach of the Grantee’s obligations under this Agreement, in the
event the Grantee breaches or threatens to breach this Section 14, the Company, or any successors or assigns, may, in addition to other rights and remedies existing in its favor, apply to any court of competent jurisdiction for specific
performance, or injunctive or other equitable relief in order to enforce or prevent any violations of this Section 14. 
 h.
Miscellaneous. The Grantee acknowledges and agrees that the provisions of this Section 14 are in addition to, and not in lieu of, any confidentiality, non-solicitation, work product assignment and/or similar obligations that the Grantee
may have with respect to the Company and/or its affiliates, whether by agreement, fiduciary obligation or otherwise and that the grant and the vesting of the Restricted Stock contemplated by this Agreement are expressly made contingent on the
Grantee’s compliance with the provisions of this Section 14. Without in any way limiting the provisions of this Section 14, the Grantee further acknowledges and agrees that the provisions of this Section 14 shall remain
applicable in accordance with their terms after the Grantee’s termination of employment with the Company, regardless of whether (1) the Grantee’s termination or cessation of employment is voluntary or involuntary or (2) the
Restricted Stock has not or will not vest. 
 15. Applicable Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and controls and supersedes any prior understandings, agreements or representations by or between the
parties, written or oral with respect to its subject matter and may not be modified except by written instrument executed by the parties. The Grantee has not relied on any representation not set forth in this Agreement. 
 IN WITNESS WHEREOF, this Agreement has been executed as of the date first above written. 
  

			
	HUDSON HIGHLAND GROUP, INC.
		
	By:	 	 

	Name:	 	Margaretta Noonan
	Title:	 	EVP, Chief Administrative Officer
	
	  

	Grantee – Signature
	
	  

	Grantee – Print NameExecutive Employment Agreement by and between Digirad Corporation and Todd Clyde

 Exhibit 10.48 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is
made and entered into effective as of October 30, 2008 by and between Digirad Corporation, a Delaware Corporation (the “Company”) and Todd P. Clyde (“Executive”). The Company and Executive are hereinafter collectively
referred to as the “Parties,” and individually referred to each or any as a “Party.” 
 RECITALS 
 A. WHEREAS, the Company wishes to employ Executive on the terms and conditions set forth in this Agreement; and 
 B. WHEREAS, Executive desires to become an employee of the Company on the terms and conditions set forth in this Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in
consideration of the promises and the mutual covenants herein contained, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 1. Employment. 
 1.1
Title/Responsibilities. Executive shall serve as Chief Executive Officer and President of Digirad Corporation and President of the Company’s wholly-owned subsidiary, Digirad Imaging Solutions, Inc. (“DIS”). Executive shall have
the normal duties, responsibilities and authority of such offices, unless otherwise determined from time to time by the Company’s Board of Directors. Executive shall do and perform all services, acts, or responsibilities necessary or advisable
to carry out the job duties of Chief Executive Officer and President of Digirad Corporation, and as President of DIS, as assigned by the Company’s Board of Directors, provided, however, that at all times during his employment Executive shall be
subject to the direction and policies from time to time established by the Board of Directors of the Company. 
 1.2 Full
Time Attention. Executive shall devote his reasonable best efforts and his full business time and attention to the performance of the services customarily incident to such office and to such other services as the Company’s Board of
Directors may reasonably request. 
 1.3 Other Activities. Except upon the prior written consent of the Board of
Directors, Executive shall not during the period of employment engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is or may be competitive with, or that might place him in a competing
position to that of the Company or any other corporation or entity that directly or indirectly controls, is controlled by, or is under common control with the Company (an “Affiliated Company”), provided that Executive may own less than two
percent of the outstanding securities of any such competing corporation. Executive shall also disclose to and obtain the prior consent of the Board of Directors for any other, non-competitive business activities in which he may wish to engage, such
as joining the board of directors of another entity. 

 2. Term of Employment. 
 2.1 Employment At Will. Executive’s employment is at will, and not for any specific term. Executive’s employment may be
terminated by Executive or by the Company at any time for any reason, with or without cause or notice, and without liability of any kind other than as specifically set forth below. 
 3. Compensation. 
 3.1
Base Salary. Beginning on the date (October 20, 2008) Executive commences his duties as the Company’s Chief Executive Officer (the “Start Date”), Company shall pay Executive a salary (the “Base Salary”) of $300,000
per year, payable every two weeks in accordance with the Company’s normal payroll practices for Executives. The Company’s Board of Directors shall provide Executive with annual performance reviews, and, thereafter, Executive shall be
entitled to such Base Salary as the Board of Directors may from time to time establish in its sole discretion. 
 3.2 Stock
Options. Executive shall also receive from the Company stock options granting Executive the right to purchase 300,000 shares of the Company’s common stock with an exercise price equal to the fair market value of the Company’s common
stock on the date of grant. One forty-eighth (1/48th) of the shares subject to the option shall vest and become exercisable on the corresponding day of each month after the date of grant, or to the extent such a month does not have the
corresponding day, on the last day of any such month, until all the shares are vested and exercisable, subject to Executive continuing to be an employee on each such date. The terms and conditions of this stock option grant shall be governed by the
Company’s 2004 Stock Incentive Plan (the “Plan”) and shall be set forth in a separate stock option agreement. In addition to the vesting treatment specified in Section 11 of the Plan, if Executive remains employed with the
Company (or any successor entity) for the entire period beginning on the date of the consummation of any Change in Control or Corporate Transaction (as both terms are defined in the Plan) and ending on the first anniversary of such consummation, all
stock options granted to Executive shall become fully vested and exercisable as such anniversary date. 
 3.3 Other
Compensation. In addition to the Base Salary payable to Executive hereunder, Executive shall be eligible to receive the following benefits: 
 3.3.1 Performance Bonus. Executive shall be eligible to receive an annual performance bonus of up to a specified percentage of Base Salary conditioned upon achievement of certain corporate performance
milestones as well as performance milestones personal to Executive, all to be established and determined by the Company’s Board of Directors after discussion and consultant with Executive. For the 2009 calendar year only, the annual performance
bonus shall have a target value of at least sixty percent (60%) of Base Salary. The Board of Directors or Compensation Committee, as applicable, shall, in their respective sole discretion, determine whether such performance milestones have been
attained. 

 3.3.2 Benefits. Benefits to which other executive officers of the Company are
entitled as determined by the Company’s Board of Directors, on terms comparable thereto, including but not limited to, participation in any and all pension and profit sharing plans, bonus and incentive payment programs, group life insurance
policies and plans, medical, health, dental and disability insurance policies and plans, and the like, which may be maintained by the Company, in the sole discretion of the Company’s Board of Directors, for the benefit of its executive
officers. 
 3.3.3 Paid Time Off. Executive shall be eligible to receive ten (10) days of paid holidays and
twenty-one (21) days of paid time off per year, accruing annually beginning on the Start Date, and such paid-time off may be adjusted pursuant to Company policies. 
 3.3.4 Expense Reimbursement. The Company shall reimburse Executive for all reasonable out-of-pocket expenses incurred by him in the
course of performing his duties under this Agreement, which conform to the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect
to reporting and documentation of such expenses pursuant to Company policy. 
 3.4 Withholdings. Except as expressly
stated herein, all of Executive’s compensation shall be subject to customary federal, state, local and other withholding taxes and any other employment taxes as are commonly required to be collected or withheld by the Company. 
 4. Termination. 
 4.1
Termination for Cause. The Company shall terminate this Agreement for Cause (as defined herein) by delivery of written notice to Executive specifying the cause or causes relied upon for such termination. If Executive’s employment under
this Agreement is terminated by the Company for Cause before the last day of any calendar month, Executive shall be entitled to receive as compensation for such calendar month, only the Base Salary set forth in Section 4.1 prorated to the date
of termination on the basis of a 30-day calendar month, and will forfeit any claims to a bonus or other compensation or benefits. Grounds for the Company to terminate this Agreement for “Cause” shall include only the occurrence of any of
the following events: 
 4.1.1 Executive’s willful misconduct or gross negligence in the performance of his duties
hereunder; 
 4.1.2 Executive’s willful failure or refusal to perform in the usual manner at the usual time those duties
which he regularly and routinely performs in connection with the business of the Company or such other duties reasonably related to the capacity in which he is employed hereunder which may be assigned to him by the Company’s Board of Directors,
if such failure or refusal has not been substantially cured to the satisfaction of the Company’s Board of Directors within thirty (30) days after written notice of such failure or refusal has been given by the Company to Executive;

 4.1.3 Executive’s performance of any material action when specifically and reasonably instructed not to do so by the
Company’s Board of Directors; 
 4.1.4 Executive engaging or in any manner participating in any activity which is
directly competitive with or intentionally injurious to the Company; 

 4.1.5 Executive’s commission of any fraud, or use or appropriation for his personal
use or benefit of any funds, properties or opportunities of the Company not authorized by the Company’s Board of Directors to be so used or appropriated; or 
 4.1.6 Executive’s conviction of any felony involving moral turpitude; or 
 4.1.7 Executive’s willful or grossly negligent violation of the Company’s Code of Ethics. 
 For this purpose of this definition, no act or failure to act by the Executive shall be considered “willful” or “grossly negligent”
if the Executive acted (or failed to act) in good faith with the reasonable belief that his actions or omissions were in the Company’s best interest. 
 Any notice of termination given pursuant to Section 4.1 shall effect termination as of the date specified in such notice, or in the event no such date is specified, on the last day of the month in which such
notice is delivered. 
 4.2 Termination Without Cause. The Company may voluntarily terminate this Agreement, and
Executive’s employment, without Cause by giving written notice to Executive. Any such notice shall specify the exact date of termination (the “Termination Date”). If Executive’s employment under this Agreement is terminated by
the Company without Cause (as defined herein), Executive shall be entitled to receive severance payments in an amount equal to the higher of (A) his Base Salary at the rate currently being paid as of the Termination Date for an additional
twelve (12) months of service as an employee, or (B) $300,000 (with such severance payments being paid over the twelve (12) months following such termination in accordance with the Company’s general payroll practices, as and when
such amounts would have been paid had Executive’s employment not been terminated). The Company also agrees to provide Executive with the same level of health coverage and benefits as in effect for Executive (and his eligible dependants) on the
day immediately preceding the Termination Date; provided, however, that (1) Executive constitutes a qualified beneficiary, as defined in Section 4980(B)(g)(1) of the Code; and (2) Executive elects continuation coverage pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time prescribed pursuant to COBRA. The Company will continue to provide such continuation coverage through the earlier of (A) the date twelve
(12) months after the Termination Date, or (B) the date upon which the Executive and Executive’s eligible dependents become covered under another health plan. Executive will thereafter be responsible for the payment of COBRA premiums
(including, without limitation, all administrative expenses) for the remaining COBRA period. Notwithstanding the foregoing, Executive shall not be entitled to any options granted to Executive to purchase shares of the Company’s stock that are
unvested at the time of such termination without Cause. The severance payments provided for in this paragraph shall be in lieu of, and not in addition to, severance, if any, payable under any other plan or policy now in effect or adopted or modified
from time to time by the Company. Notwithstanding anything in this agreement to the contrary, Executive’s right to receive severance pay is conditioned upon Executive’s execution and delivery of a release of claims agreement, releasing all
claims Executive may have or claim to have against the Company and its respective agents and representatives, in a form acceptable to the Company, in its sole discretion (the “Release”). The Release must be executed and returned to the
Company prior to any payment of severance benefits under this Agreement, and in all cases prior to the date sixty (60) days after the Termination Date. Executive shall not be under any obligation to mitigate the Company’s obligation by
securing other employment or otherwise. 

 4.3 Voluntary Termination by Executive. Executive may voluntarily terminate this
Agreement upon no less than thirty (30) days written notice of such termination submitted to the Company’s Board of Directors, and in such event Executive shall be entitled to receive all amounts due to him through the date of termination,
but not to any severance payments. 
 5. Death or Disability During Employment. 
 5.1 This Agreement shall terminate without notice upon the date of Executive’s death or the date when Executive becomes
“completely disabled” as that term is defined in Section 5.4. 
 5.2 In the event of Executive’s death,
all rights of Executive to compensation (Base Salary and annual performance bonuses) hereunder shall automatically terminate immediately upon his death, except that Executive’s heirs, personal representatives or estate shall be entitled to any
unpaid portion of his salary and accrued benefits earned up to the date of his death. 
 5.3 In the event Executive is
disabled, Executive shall be entitled to receive such disability benefits as would apply to other senior Executives in the Company, subject to the terms and conditions of any such Company disability program. 
 5.4 The term “completely disabled” as used in this Agreement shall mean the inability of Executive to perform his duties under
this Agreement because he has become permanently disabled within the meaning of any policy and disability income insurance covering Executives of the Company then in force. In the event the Company has no policy of disability income insurance
covering Executives of the Company in force when Executive becomes disabled, the term “completely disabled” shall mean the inability of Executive to perform his normal and customary duties under this Agreement for a total of four
(4) consecutive months by reason of any incapacity, physical or mental, based upon medical advice or an opinion provided by a licensed physician, acceptable to the Company in its sole discretion, determines to have incapacitated Executive from
satisfactorily performing all of his usual services for the Company during the foreseeable future. The action of the Company shall be final and binding and the date such action is taken shall be the date of such complete disability for purposes of
this Agreement, and upon such date this Agreement shall become null and void and of no further force and effect. 
 6. Proprietary and
Confidential Information. 
 6.1 Proprietary Information and Inventions Assignment Agreement. Executive represents
and warrants that he has executed and delivered to the Company the Company’s Employee Proprietary Information and Inventions Assignment Agreement, attached hereto and incorporated herein by reference. Executive will not disclose, nor use in the
performance of his responsibilities at the Company, any trade secret or other confidential information of any former employer, unless he first obtains written authorization for its disclosure and use. 
 6.2 Preservation and Return of Property. Executive will exercise reasonable care, consistent with good business judgment to
preserve in good working order, subject to reasonable wear and tear from authorized usage, and to prevent loss of, any equipment, instruments or accessories of the Company in his custody for the purpose of conducting the business of the 

 
Company. Upon request, Executive will promptly surrender the same to the Company at the conclusion of his employment, or if not surrendered, Executive will
account to the Company to its reasonable satisfaction as to the present location of all such instruments or accessories and the business purpose for their placement at such location. At the conclusion of Executive’s employment with the Company,
he agrees to return such instruments or accessories to the Company or to account for same to the Company’s reasonable satisfaction. 
 6.3 No Inconsistent Agreements. Executive affirms that he has no agreement with any other party that would preclude his compliance with any obligations under this Agreement. 
 7. Assignment and Binding Effect. 
 7.1 This Agreement shall be binding upon and inure to the benefit of Executive and Executive’s heirs, executors, administrators, estate, beneficiaries, and legal representatives. Neither this Agreement nor any
rights or obligations under this Agreement shall be assignable by either party without the prior express written consent of the other party. This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns and
legal representatives. 
 8. Notices. 
 8.1 All notices or demands of any kind required or permitted to be given by the Company or Executive under this Agreement shall be given in writing and shall be personally delivered (and receipted for) or sent by
facsimile (with confirmation of receipt), or sent by recognized commercial overnight courier, or mailed by certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Company: 
 Chairman of the Board of Directors 
 Digirad Corporation 
 13950 Stowe Drive 
 Poway, California 
 Telephone: (858) 726-1600 
 Facsimile: (858) 726-1700 
 If to Executive: 
 Todd P. Clyde 
 _______________________ 
 _______________________ 
 Telephone: (858) __________ 
 Cell Phone: (858) __________ 
 Any such written notice shall be deemed received when personally delivered or upon receipt in the event of facsimile or overnight courier, or three (3) days after its deposit in the United States mail by
certified mail as specified above. Either Party may change its address for notices by giving notice to the other Party in the manner specified in this section. 

 9. Choice of Law. 
 9.1 This Agreement is made in Poway, California. This Agreement shall be construed and interpreted in accordance with the internal laws of
the State of California. Each of the parties hereto agrees to the exclusive jurisdiction of the state and federal courts located in the State of California for any and all actions between the parties. Any controversy or claim arising out of or
relating to this Agreement or breach thereof, whether involving remedies at law or in equity, shall be adjudicated in San Diego County, California. 
 10. Integration. 
 10.1 This Agreement, together with the standard forms of stock option agreements that
contain the terms and conditions of Executive’s outstanding equity awards, represents the entire agreement of the parties relating to the subject matter of this Agreement, and supersedes all prior oral and written employment agreements or
arrangements between the Parties. This Agreement cannot be amended or modified except by a written agreement signed by Executive and the Company. 
 11. Waiver. 
 11.1 No term, covenant or condition of this Agreement or any breach thereof shall be deemed
waived, except with the written consent of the Party against whom the waiver is claimed, and any waiver of any such term, covenant, condition or breach shall not be deemed to be a waiver of any preceding or succeeding breach of the same or any other
term, covenant, condition or breach. No failure to exercise, delay in exercising, or single or partial exercise of any right, power or remedy by either party hereto shall constitute a waiver thereof or shall preclude any other or further exercise of
the same or any other right, power or remedy. 
 12. Severability. 
 12.1 The unenforceability, invalidity, or illegality of any provision of this Agreement shall not render any other provision of this
Agreement unenforceable, invalid or illegal. 
 13. Interpretation; Construction. 
 13.1 The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this Agreement. The Parties
acknowledge that each Party and its counsel has reviewed and revised, or had an opportunity to review and revise, this Agreement, and the normal rule of construction to the effect any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation of this Agreement. 
 14. Attorneys’ Fees. 
 14.1 In any controversy or claim arising out of or relating to this Agreement or the breach thereof, which results in legal action,
proceeding or arbitration, the prevailing party in such action, as determined by the court or arbitrator, shall be entitled to recover reasonable attorneys’ fees and costs incurred in such action. 

 15. Counterparts. 
 15.1 This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall together constitute
an original thereof. 
 16. Representations and Warranties. 
 16.1 Executive represents and warrants that he is not restricted or prohibited, contractually or otherwise, from entering into and
performing each of the terms and covenants contained in this Agreement, and that his execution and performance of this Agreement will not violate or breach any other agreement between Executive and any other person or entity. 
 17. Code Section 409A. 
 17.1 Notwithstanding anything to the contrary in this Agreement, no Deferred Compensation Separation Benefits (as defined below) will become payable under this Agreement until Executive has a “separation from service” within the
meaning of Section 409A of the Code, and any proposed or final regulations and guidance promulgated thereunder (“Section 409A”). Further, if Executive is a “specified employee” within the meaning of Section 409A at the
time of Executive’s termination (other than due to death), and the severance payable to Executive, if any, pursuant to this Agreement, when considered together with any other severance payments or separation benefits, are considered deferred
compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”), such Deferred Compensation Separation Payments that are otherwise payable within the first six (6) months following Executive’s
termination of employment will become payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Executive’s termination of employment. All subsequent Deferred Compensation
Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his termination but prior to the six
(6) month anniversary of his termination, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred
Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of
Section 1.409A-2(b)(2) of the Treasury Regulations. 
 17.2 Any amount paid under this Agreement that satisfies the
requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Compensation Separation Benefits for purposes of Section 17.1 above. 
 17.3 Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant
to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) shall not constitute Deferred Compensation Separation Benefits for purposes of Section 17.1 above. For 

 
purposes of this Section 17.1, “Section 409A Limit” will mean the lesser of two (2) times: (i) Executive’s annualized
compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation
1.409A-1(b)(9)(iii)(A)(1); or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated. 
 17.4 The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and
benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Company and Executive agree to work together in good faith to consider
amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to Executive under Section 409A. 

18. Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to Executive
(i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section 18, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive’s
severance benefits under this Agreement will be either: 
  

	 	(a)	delivered in full, or 

  

	 	(b)	delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code,

 whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by
Section 4999 of the Code, results in the receipt by Executive on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the
Code. Unless the Company and Executive otherwise agree in writing, any determination required under this Section 18 will be made in writing by the Company’s independent public accountants immediately prior to a Change in Control (the
“Accountants”), whose determination will be conclusive and binding upon Executive and the Company for all purposes. For purposes of making the calculations required by this Section 18, the Accountants may make reasonable assumptions
and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and Executive will furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a determination under this Section. The Company will bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 18.
Any reduction in payments and/or benefits required by this Section 18 shall occur in the following order: (1) reduction of cash payments; and (2) reduction of other benefits paid to Executive. In the event that acceleration of vesting
of any equity awards is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant for Executive’s equity awards. 

 19. Arbitration.
 19.1 In the event of any dispute or claim relating to or arising out of this Agreement and Executive’s employment relationship with
the Company, Executive and the Company agree to an arbitration in which (i) Executive is waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (ii) Executive and the Company agree that all
disputes between Executive and the Company shall be fully and finally resolved by binding arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for
adequate discovery, and (v) the Company shall pay all the arbitration fees, except an amount equal to the filing fees Executive would have paid had Executive filed a complaint in a court of law. Executive and the Company further agree that the
arbitration shall be conducted in San Diego County, California administered by Judicial Arbitration & Mediation Services, Inc. (“JAMS”), pursuant to its Employment Arbitration Rules & Procedures then in effect.

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. 
  

									
	 THE COMPANY:
 DIGIRAD CORPORATION

a Delaware Corporation
	 		 		 	EXECUTIVE:
					
	By	 	/s/ R. King Nelson,	 		 		 	/s/ Todd P. Clyde
		 	Chairman of the Board of Directors	 		 		 	Todd P. Clyde

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