Document:

Exhibit 4.2

                            1997 SHARE INCENTIVE PLAN

         IOMED,  Inc., a Utah  corporation,  (the  "Company")  adopts this Share
Incentive Plan (the "Plan"), effective November 7, 1997.

1.  Purpose.  The  purpose of this Plan is to enable the  Company to attract and
retain the  services  of and  provide  performance  incentives  to (1)  selected
employees,  officers and  directors of the Company or of any  subsidiary  of the
Company  ("Employees")  and  (2)  selected  non-employee  agents,   consultants,
advisors and independent contractors of the Company or any subsidiary.

2. Shares  Subject to the Plan.  Subject to adjustment as provided  below and in
paragraph  13,  the shares to be  offered  under the Plan  shall  consist of the
common shares of the Company ("Common  Shares"),  and the total number of Common
Shares that may be issued under the Plan shall not exceed 1,312,500 shares,  all
of which may be issued pursuant to the exercise of options  granted  pursuant to
the Plan. The shares issued under the Plan may be authorized and unissued shares
or  reacquired  shares or shares  acquired in the market.  If any award  granted
under the Plan expires,  terminates or is canceled,  the unissued shares subject
to such award shall again be  available  under the Plan and if shares  which are
awarded  under the Plan are  forfeited  to the  Company  or  repurchased  by the
Company, that number of shares shall again be available under the Plan.

3.   Effective Date and Duration of Plan.

     (a)  Effective  Date.  The Plan (as  amended  and  restated)  shall  become
     effective  on the date  adopted  by the Board of  Directors.  Awards may be
     granted  and shares may be awarded or sold under the Plan at any time after
     the effective date and before termination of the Plan.

     (b)  Duration.  The Plan shall  continue in effect for a period of 10 years
     from  the date  adopted  by the  Board of  Directors,  subject  to  earlier
     termination  by the Board of Directors.  The Board of Directors may suspend
     or  terminate  the Plan at any time,  except  with  respect to awards  then
     outstanding  under the Plan.  Termination shall not affect the terms of any
     outstanding awards.

4.   Administration.

     (a) Board of  Directors.  The Plan  shall be  administered  by the Board of
     Directors of the Company,  which shall determine and designate from time to
     time the individuals to whom awards shall be made, the amount of the awards
     and the other terms and conditions of the awards. Subject to the provisions
     of the Plan,  the Board of Directors  may from time to time adopt and amend
     rules and regulations  relating to the  administration of the Plan, advance
     the lapse of any waiting  period,  accelerate any exercise  date,  waive or
     modify any  restriction  applicable to shares  (except  those  restrictions
     imposed by law) and make all other  determinations  in the  judgment of the
     Board of Directors  necessary or desirable  for the  administration  of the
     Plan. The interpretation and construction of the provisions of the Plan and
     related agreements by the Board of Directors shall be final and conclusive.
     The Board of  Directors  may correct  any defect or supply any  omission or
     reconcile any  inconsistency in the Plan or in any related agreement in the
     manner  and to the extent it shall  deem  expedient  to carry the Plan into
     effect, and it shall be the sole and final judge of such expediency.

     (b)  Committee.  The Board of Directors  may delegate to a committee of the
     Board  of  Directors   (the   "Committee")   any  or  all   authority   for
     administration  of the Plan. If authority is delegated to a Committee,  all
     references  to the Board of  Directors in the Plan shall mean and relate to
     the  Committee  except (i) as otherwise  provided by the Board of Directors
     and (ii) that only the Board of Directors  may amend or terminate  the Plan
     as provided in paragraphs 3 and 14.

     (c) Officer.  The Board of Directors or the Committee,  as applicable,  may
     delegate to an executive  officer of the Company  authority  to  administer
     those  aspects  of  the  Plan  that  do  not  involve  the  designation  of
     individuals to receive awards or decisions  concerning the timing,  amounts
     or other terms of awards. No officer to whom  administrative  authority has
     been  delegated  pursuant  to  this  provision  may  waive  or  modify  any
     restriction applicable to an award to such officer under the Plan.

5. Types of Awards; Eligibility.  The Board of Directors may, from time to time,
take the following  actions,  separately or in combination,  under the Plan: (i)
grant Incentive Stock Options, as defined in section 422 of the Internal Revenue
Code of 1986,  as amended (the  "Code"),  as provided in paragraph 6; (ii) grant
options other than Incentive  Stock Options  ("Non-Statutory  Stock Options") as
provided in paragraph 6; (iii) award stock as provided in paragraph 7; (iv) sell
shares  subject to  restrictions  as  provided in  paragraph  8; (v) grant stock
appreciation  rights as provided in  paragraph 9; (vi) grant cash bonus rights a
provided in paragraph  10; (vii) grant  Performance-based  Rights as provided in
paragraph 11 and (viii) grant foreign  qualified awards as provided in paragraph
12.  Any such  awards  may be made to  Employees,  including  Employees  who are
officers or directors,  and to other  individuals  described in paragraph 1 whom
the Board of Directors believes have made or will make an important contribution
to the Company or any subsidiary of the Company;  provided,  however,  that only
employees  shall be eligible to receive  Incentive Stock Options under the Plan.
The Board of Directors shall select the individuals to whom awards shall be made
and shall  specify the action taken with respect to each  individual  to whom an
award is made.  Unless  otherwise  determined  by the  Board of  Directors  with
respect to an award, each option,  stock appreciation right, cash bonus right or
performance-based  right  granted  pursuant  to the Plan by its  terms  shall be
nonassignable and  nontransferable  by the recipient,  either  voluntarily or by
operation of law,  except by will or by the laws of descent and  distribution of
the state or  country  of the  recipient's  domicile  at the time of  death.  No
fractional  shares shall be issued in connection  with any award. In lieu of any
fractional  shares,  cash may be paid in an  amount  equal  to the  value of the
fraction or, if the Board of Directors shall determine, the number of shares may
be rounded downward to the next whole share.

6. Option  Grants.  With  respect to each option  grant,  the Board of Directors
shall  determine the number of shares  subject to the option,  the option price,
the period of the option, the time or times at which the option may be exercised
and whether the option is an  Incentive  Stock Option or a  Non-Statutory  Stock
Option and any other  terms of the grant,  all of which shall be set forth in an
option agreement between the Company and the optionee.  In the case of Incentive
Stock Options,  all terms shall be consistent with the  requirements of the Code
and applicable regulations. Upon the exercise of an option, the number of shares
reserved  for  issuance  under the Plan shall be reduced by the number of shares
issued  upon  exercise of the option  less the number of shares  surrendered  or
withheld in connection  with the exercise of the option and the number of shares
surrounded or withheld to satisfy  withholding  obligations  in accordance  with
paragraph 17.

7. Stock Awards. The Board of Directors may award shares under the Plan as stock
bonuses or otherwise. Shares awarded pursuant to this paragraph shall be subject
to the terms, conditions, and restrictions determined by the Board of Directors.
The Board of  Directors  may require the  recipient  to sign an  agreement  as a
condition  of the award,  but may not require the  recipient to pay any monetary
consideration   other  than  amounts   necessary  to  satisfy  tax   withholding
requirements.  The  agreement may contain any terms,  conditions,  restrictions,
representations  and  warranties  required  by  the  Board  of  Directors.   The
certificates  representing the shares awarded shall bear any legends required by
the Board of Directors. Upon the issuance of a stock award, the number of shares
available  for issuance  under the Plan shall be reduced by the number of shares
issued  less  the  number  of any  shares  surrendered  to  satisfy  withholding
obligations in accordance with paragraph 17.

8. Purchased Shares.  The Board of Directors may issue shares under the Plan for
such  consideration  (including  promissory notes and services) as determined by
the Board of  Directors.  Shares  issued  under the Plan shall be subject to the
terms,  conditions and  restrictions  determined by the Board of Directors.  All
shares  issued  pursuant  to this  paragraph  8 shall be  subject  to a purchase
agreement,  which shall be executed by the Company and the prospective recipient
of the shares prior to the delivery of certificates  representing such shares to
the  recipient.  The  purchase  agreement  may  contain  any terms,  conditions,
restrictions, representations and warranties required by the Board of Directors.
The certificates  representing the shares shall bear any legends required by the
Board of Directors.  Upon the issuance of purchased shares, the number of shares
available  for issuance  under the Plan shall be reduced by the number of shares
issued  less  the  number  of any  shares  surrendered  to  satisfy  withholding
obligations in accordance with paragraph 17.

9.   Stock Appreciation Rights.

     (a) Grant. Stock  appreciation  rights may be granted under the Plan by the
     Board of Directors,  subject to such rules,  terms,  and  conditions as the
     Board of Directors prescribes.

     (b) Exercise.  Each stock appreciation right shall entitle the holder, upon
     exercise,  to receive from the Company in exchange therefor an amount equal
     in value to the  excess of the fair  market  value on the date of  exercise
     over the fair market value on the date of grant (or, in the case of a stock
     appreciation  right granted in connection with an option, the excess of the
     fair market  value of one Common Share of the Company over the option price
     per share under the option to which the stock  appreciation right relates),
     multiplied by the number of shares covered by the stock  appreciation right
     or the option,  or portion  thereof,  that is  surrendered.  Payment by the
     Company upon exercise of a stock appreciation right may be in Common Shares
     valued at fair market value, in cash, or partly in Common Shares and partly
     in  cash,  all as  determined  by the  Board  of  Directors.  The  Board of
     Directors may withdraw any stock  appreciation right granted under the Plan
     at any time and may  impose any  conditions  upon the  exercise  of a stock
     appreciation  right  or  adopt  rules  and  regulations  from  time to time
     affecting the rights of holders of stock  appreciation  rights.  Such rules
     and regulations may govern the right to exercise stock appreciation  rights
     granted  thereafter.  Upon the exercise of a stock  appreciation  right for
     shares, the number of shares available for issuance under the Plan shall be
     reduced  by the  number  of shares  issued  less the  number of any  shares
     surrendered  or withheld to satisfy  withholding  obligations in accordance
     with  paragraph  17. Cash payments of stock  appreciation  rights shall not
     reduce the number of Common Shares available for issuance under the Plan.

10. Cash Bonus Rights.  The Board of Directors may grant cash bonus rights under
the Plan in  connection  with (i) options  granted or previously  granted,  (ii)
stock appreciation rights granted or previously granted,  (iii) stock awarded or
previously  awarded and (iv) shares sold or previously sold under the Plan. Cash
bonus  rights  will be subject to rules,  terms and  conditions  as the Board of
Directors may prescribe. The payment of a cash bonus shall not reduce the number
of Common  Shares  available  for  issuance  under the Plan.  A cash bonus right
granted in  connection  with an option will  entitle an optionee to a cash bonus
when the related  option is exercised  (or  terminates  in  connection  with the
exercise  of a stock  appreciation  right  related to the option) in whole or in
part if, in the sole discretion of the Board of Directors,  the bonus right will
result in a tax deduction that the Company has sufficient taxable income to use.
A cash  bonus  right  granted  in  connection  with a stock  award  pursuant  to
paragraph  7 or  purchase of stock  pursuant  to  paragraph  8 will  entitle the
recipient to a cash bonus  payable when the stock award is awarded or the shares
are purchased or  restrictions,  if any, to which the stock is subject lapse. If
the stock awarded or the shares  purchased are subject to  restrictions  and are
repurchased  by the Company or  forfeited  by the  holder,  the cash bonus right
granted in connection with the stock awarded or shares purchased shall terminate
and may not be exercised.

11.  Performance-based  Awards. The Board of Directors may grant awards intended
to qualify as  performance-based  compensation  under section 162(m) of the Code
and the regulations thereunder  ("Performance-based Awards").  Performance-based
Awards shall be denominated at the time of grant either in Common Shares ("Stock
Performance Awards") or in dollar amounts ("Dollar Performance Awards"). Payment
under a Stock Performance Award or a Dollar  Performance Award shall be made, at
the discretion of the Board of Directors,  subject to the  limitations set forth
in  paragraph  2, in Common  Shares  ("Performance  Shares"),  or in cash or any
combination thereof.  Performance-based Awards shall be subject to the following
terms and conditions:

     (a) Award Period. The Board of Directors shall determine the period of time
     for which a Performance-based Award is made (the "Award Period").

     (b) Performance  Goals and Payment.  The Board of Directors shall establish
     in writing objectives ("Performance Goals") that must be met by the Company
     or any subsidiary,  division or other unit of the Company ("Business Unit")
     during the Award  Period as a  condition  to  payment  being made under the
     Performance-based  Award. The Performance Goals for each award shall be one
     or more targeted  levels of performance  with respect to one or more of the
     following  objective  measures  with respect to the Company or any Business
     Unit:   earnings,   earnings  per  share,  stock  price  increases,   total
     shareholder return (stock price increase plus dividends), return on equity,
     return on  assets,  return on  capital,  economic  value  added,  revenues,
     operating income, cash flows or any of the foregoing  (determined according
     to criteria established by the Board of Directors).  The Board of Directors
     shall also establish the number of Performance Shares or the amount of cash
     payment to be made under a Performance-based Award if the Performance Goals
     are met or exceeded,  including the fixing of a maximum payment (subject to
     paragraph 11(d)).  The Board of Directors may establish other  restrictions
     to payment under a Performance-based  Award, such as a continued employment
     requirement,  in addition to satisfaction of the Performance Goals. Some or
     all of the  Performance  Shares  may be  issued at the time of the award as
     restricted  shares subject to forfeiture in whole or in part if Performance
     Goals, or if applicable, other restrictions are not satisfied.

     (c)  Computation  of  Payment.   During  or  after  an  Award  Period,  the
     performance  of the Company or Business  Unit,  as  applicable,  during the
     period shall be measured against the Performance  Goals. If the Performance
     Goals  are not met,  no  payment  shall be made  under a  Performance-based
     Award. If the Performance Goals are met or exceeded, the Board of Directors
     shall  certify  that fact in writing and certify the number of  Performance
     Shares  earned or the amount of cash  payment to be made under the terms of
     the Performance-based Award.

     (d) Effect on Shares Available. The payment of a Performance-based Award in
     cash shall not reduce the number of Common  Shares  available  for issuance
     under the Plan.  The number of Common Shares  available for issuance  under
     the Plan shall be reduced by the number of shares issued upon payment of an
     award,  less the  number of  shares  surrendered  or  withheld  to  satisfy
     withholding obligations.

12.  Foreign  Qualified  Grants.  Awards  under the Plan may be  granted to such
Employees  and such other  persons  described in paragraph 1 residing in foreign
jurisdictions  as the Board of Directors  may determine  from time to time.  The
Board of Directors may adopt such supplements to the Plan as may be necessary to
comply with the  applicable  laws of such  foreign  jurisdictions  and to afford
participants  favorable treatment under such laws;  provided,  however,  that no
award  shall be  granted  under any such  supplement  with  terms  that are more
beneficial to the participants than the terms permitted by the Plan.

13.  Changes in Capital Structure.

     (a) Stock Splits;  Stock  Dividends.  If the number of  outstanding  Common
     Shares of the Company is  hereafter  increased or decreased or changed into
     or exchanged for a different  number or kind of shares or other  securities
     of the  Company  by  reason of any stock  split,  combination  of shares or
     dividend   payable  in  shares,   recapitalization   or   reclassification,
     appropriate  adjustment  shall  be made by the  Board of  Directors  in the
     number and kind of shares available for grants under the Plan. In addition,
     the Board of Directors shall make appropriate  adjustment in the number and
     kind of shares as to which  outstanding  options,  or portions thereof then
     unexercised,  shall be  exercisable,  so that the optionee's  proportionate
     interest  before  and after  the  occurrence  of the  event is  maintained.
     Notwithstanding  the  foregoing,  the  Board  of  Directors  shall  have no
     obligation  to effect  any  adjustment  that  would or might  result in the
     issuance of fractional shares, and any fractional shares resulting from any
     adjustment may be  disregarded or provided for in any manner  determined by
     the Board of  Directors.  Any such  adjustments  made by Board of Directors
     shall be conclusive.

     (b) Mergers, Reorganizations,  Etc. The Board of Directors may include such
     terms and conditions, including without limitation,  provisions relating to
     acceleration in the event of a change in control,  as it deems  appropriate
     in  connection  with any award  under the Plan  with  respect  to a merger,
     consolidation,   plan  of  exchange,  acquisition  of  property  or  stock,
     separation,  reorganization  or  liquidation  to  which  the  Company  or a
     subsidiary  is a  party  or a  sale  of  all  or  substantially  all of the
     Company's assets (each, a "Transaction"). Notwithstanding the foregoing, in
     the event of a  Transaction,  the  Board of  Directors  shall,  in its sole
     discretion  and  to  the  extent   possible  under  the  structure  of  the
     Transaction,   select  one  or  the  following  alternatives  for  treating
     outstanding  Incentive Stock Options or  Non-Statutory  Stock Options under
     the Plan:

          (i)  Outstanding  options  shall remain in effect in  accordance  with
          their terms.

          (ii)  Outstanding  options shall be converted into options to purchase
          stock in the company that is  surviving  or  acquiring  company in the
          Transaction.  The  amount,  type of  securities  subject  thereto  and
          exercise  price of the  converted  options  shall be determined by the
          Board of Directors  of the  Company,  taking into account the relative
          values of the companies  involved in the  Transaction and the exchange
          rate, if any, used in determining shares of the surviving  corporation
          to be issued to holders  of shares of the  Company.  Unless  otherwise
          determined by the Board of Directors,  the converted  options shall be
          vested only to the extent that the  vesting  requirements  relating to
          options granted hereunder have been satisfied.

          (iii) The Board of Directors  shall  provide a 30-day  period prior to
          the consummation of the Transaction  during which outstanding  options
          may  be  exercised  to the  extent  then  exercisable,  and  upon  the
          expiration  of such  30-day  period,  all  unexercised  options  shall
          immediately  terminate.  The  Board  of  Directors  may,  in its  sole
          discretion,  accelerate the exercisability of options so that they are
          exercisable in full during such 30-day period.

     (c)  Dissolution  of the Company.  In the event of the  dissolution  of the
     Company, options shall be treated in accordance with paragraph 13(b)(iii).

     (d) Rights Issued by Another  Corporation.  The Board of Directors may also
     grant options, stock appreciation rights,  performance units, stock bonuses
     and cash bonuses and issue  restricted  stock under the Plan having  terms,
     conditions  and  provisions  that vary from  those  specified  in this Plan
     provided  that any such  awards are  granted  in  substitution  for,  or in
     connection with the assumption of,  existing  options,  stock  appreciation
     rights, stock bonuses, cash bonuses, restricted stock and performance units
     granted,  awarded or issued by another corporation and assumed or otherwise
     agreed to be  provided  for by the  Company  pursuant  to or by reason of a
     Transaction.

14.  Amendment of Plan. The Board of Directors may at any time, and from time to
time,  modify  or amend the Plan in such  respects  as it shall  deem  advisable
because  of  changes  in the law  while  the Plan is in  effect or for any other
reason.  Except as provided in paragraphs 9, 10 and 13, however, no change in an
award already granted shall be made without the written consent of the holder of
such award.

15. Approvals.  The obligations of the Company under the Plan are subject to the
approval of state and federal  authorities or agencies with  jurisdiction in the
matter. The Company will use its best efforts to take steps required by state or
federal law or applicable  regulations,  including  rules and regulations of the
Securities and Exchange Commission and any stock exchange on which the Company's
shares may then be listed,  in  connection  with the grants under the Plan.  The
foregoing  notwithstanding,  the  Company  shall  not be  obligated  to issue or
deliver  Common Shares under the Plan if such issuance or delivery would violate
applicable state or federal securities laws.

16. Employment and Service Rights.  Nothing in the Plan or any award pursuant to
the Plan shall (i) confer upon any  Employee  any right to be  continued  in the
employment  of the Company or any  subsidiary  or  interfere in any way with the
right of the  Company or any  subsidiary  by whom such  Employee  is employed to
terminate  such  Employee's  employment  at any time,  for any  reason,  with or
without cause, or to decrease such Employee's  compensation or benefits, or (ii)
confer  upon any  person  engaged by the  Company  any right to be  retained  or
employed  by  the  Company  or  to  the  continuation,  extension,  renewal,  or
modification  of any  compensation,  contract,  or  arrangement  with  or by the
Company.

17. Taxes. Each participant who has received an award under the Plan shall, upon
notification of the amount due, pay to the Company in cash amounts  necessary to
satisfy any applicable federal, state and local withholding requirements. If the
participant  fails to pay the amount  demanded,  the Company may  withhold  that
amount from other amounts  payable by the Company to the  participant  including
salary, subject to applicable law. With the consent of the Board of Directors, a
participant  may satisfy this  withholding  obligation,  in whole or in part, by
having the Company  withhold  from any shares to be issued that number of shares
that would satisfy the amount due or by delivering  Common Shares to the Company
to satisfy the withholding amount.

18.  Rights as a  Shareholder.  The  recipient of any award under the Plan shall
have no rights as a shareholder with respect to any Common Shares until the date
of issue to the  recipient of a stock  certificate  for such  shares.  Except as
otherwise  expressly  provided  in the  Plan,  no  adjustment  shall be made for
dividends  or other  rights for which the record date  occurs  prior to the date
such stock certificate is issued.

Approved by the Board of Directors, as amended:      September 10, 1999.

Approved by the Shareholders, as amended:            November 19, 1999.

                                                    By:
                                                        Robert J. Lollini
                                                        Secretary of IOMED, Inc.Exhibit 4.3 / 1988 Plan Form of Employee Qualified Grant

                   1988 Plan Form of Employee Qualified Grant

[[Date]]

[[Title>>[[FirstName>>[[LastName>>
[[Address1>>
[[City>>,[[State>>[[PostalCode>>

                             Stock Option Agreement

Dear[[FirstName>>,

IOMED,  Inc. (the  "Company"),  by and through its Stock Option  Committee,  has
determined  that the  Company  will  extend to you an  Incentive  Stock  Option,
pursuant  to the  Company's  1988 Stock  Option Plan (the  "Plan"),  to purchase
certain of the Company's Common Shares.

Therefore,  on  behalf  of the  Company,  I am  pleased  to  notify  you that on
[[BODMtgDate>>  the  Company  granted  to you an  Incentive  Stock  Option  (the
"Option")  to  purchase up to  [[TotalShares>>  shares of the  Company's  Common
Shares, par value $.001 per share, at the option purchase price of [[Price>> per
share.  Your Option will be  governed  by the Plan and by this  Incentive  Stock
Option Agreement.

A copy of the Plan is attached to this  Agreement as Exhibit "A", and since your
Option is subject to all of the terms and  conditions  of the Plan,  the Company
urges you to read the Plan, in its entirety,  very carefully.  Please note that,
in accordance with paragraph 6(e) of the Plan, your Option must be exercised, if
at  all,  on  or  before  the  close  of  business  on  the  [[ExpirationDate>>.
Additionally,  pursuant  to  paragraph  12 of  the  Plan,  the  Company,  or its
designee(s),  have a right of first  refusal  to  purchase  from you the  Common
Shares of the Company  which you acquire by exercising  your Option.  Therefore,
you may not sell, transfer, pledge, encumber or otherwise hypothecate any of the
Common Shares of the Company which you acquire  pursuant to the exercise of your
Option  unless  and  until  you  have  notified  the  Company  of  the  proposed
transaction  and given the  Company,  or its  designee(s),  the  opportunity  to
exercise their right to purchase such Common Shares from you.

The Board of Directors has determined that your Option may be exercised upon the
following dates and as to the number of Common Shares indicated:

            Date                                       Number of Shares
            ----                                       ----------------
On or after [[FirstDate>>                       [[NoofShares1>> shares

On or after the first day of each
succeeding month up to and including
[[SecondDate>>(58 months total)                 [[NoofShares2>>shares each month

On or after [[ThirdDate>>                       [[NoofShares3>>  shares

<PAGE>

[[Title>>[[FirstName>>[[LastName>>
[[Date>>
Page Two

At such time as you shall  determine  to exercise  your  Option,  in whole or in
part,  you must furnish  written  notice of your intention to so exercise to the
President  of the  Company.  Such  written  notice  must  indicate  the  date of
exercise,  must indicate the number of Common Shares to be purchased and must be
accompanied by full payment of the option purchase price. Additionally, you must
provide the Company with an  "investment  letter"  concerning  the Common Shares
which you will acquire upon your  exercise of the Option.  Such written  notice,
the accompanying  payment of the option purchase price and the investment letter
may be  delivered  to the Company in person or by mail.  If mailed,  the written
notice, accompanying payment and investment letter should be sent to the Company
by certified United States mail, with return receipt requested.

Attached  hereto as Exhibit "B" is a combined form of written notice of exercise
and investment  letter which meets all of the requirements of the Plan. You will
greatly  assist the  Company  and  expedite  the  issuance by the Company of the
Common Shares covered by your Option,  if you will use the form attached  hereto
as Exhibit "B" when you desire to exercise your Option.

Please  acknowledge  your receipt of this  Agreement,  and your  agreement to be
bound  by all of the  terms  and  conditions  set  forth  in the  Plan  and this
Agreement,  by executing the attached copy of this Agreement and returning it to
the undersigned.

Should you have any questions in regard to your Incentive  Stock Option,  please
contact the undersigned, or any officer or director of the Company.

Sincerely,

IOMED, INC.

President and CEO

         Received and agreed to this ______ day of ______________, 199___.

         --------------------------------
        [[NameInCaps>>

<PAGE>

                                   EXHIBIT 'B'

IOMED, Inc.
1290 West 2320 South, Suite A
Salt Lake City, Utah 84119

Attn:  President

Plan Administrator:

IOMED, Inc., a Utah corporation (the "Company"),  has granted to the undersigned
an option (the "Option"),  pursuant to the Company's 1988 Stock Option Plan (the
"Plan"),  to purchase certain of the Company's  authorized,  but unissued Common
Shares.   The  Option  is   evidenced   by  a  Stock   Option   Agreement   date
________________________, [[Year>>.

I hereby  notify the  Company,  in  accordance  with the Plan,  that I desire to
exercise  my Option by  purchasing  a total of  _________  Common  Shares of the
Company (the "Shares"). Attached hereto is a check, made payable to the Company,
in the amount of  $___________  in full payment of the option  purchase price of
the Shares.

In order to induce  the  Company  to permit me to  exercise  the  Option  and to
register  the Shares in my name upon the books and records of the  Company,  the
undersigned hereby acknowledges to and agrees with the Company that:

         1.     I have received and read a copy of the Plan.

         2. The Shares  have not been  registered  under the  Securities  Act of
1933, as amended (the "ACT"),  the Company does not presently intend to register
the Shares under the Act, and the Company is under no  obligation  whatsoever to
cause the Shares to be registered under the Act in the future.

         3.  The  Shares,  when  issued  to  me,  will  constitute   "restricted
securities" as that term is defined in Rule 144, as promulgated under the Act.

         4. I may not sell,  transfer or otherwise  dispose of the Shares unless
and until they are  registered  under the Act, or the  Company  has  received an
opinion of counsel  (which may be counsel for the Company),  which is reasonably
satisfactory  in form and  content  to the  Company,  stating  that  such  sale,
transfer or other  disposition is exempt from the  registration  requirements of
the Act.

         5. I am acquiring the Shares solely for my own account,  for investment
purposes only, and not with a view to the  distribution  or resale  thereof,  or
with any present  intention of selling or otherwise  transferring  the Shares or
any interest therein.

         6. I will not sell, transfer, pledge, encumber or otherwise hypothecate
the Shares unless and until I have offered the Company, or its designee(s),  the
opportunity to acquire the Shares in strict  accordance  with the Right of First
Refusal described in the Plan.

         7. In order to evidence my  investment  intent,  and in order to comply
with the provisions of the Plan, I agree that such restrictive legends as may be
deemed  appropriate  by the  Company  may be  placed  upon  the  certificate  or
certificates evidencing the Shares.

The undersigned  hereby  specifically  agrees that the Company may rely upon the
acknowledgements and agreements which are set forth in this letter.

Sincerely,

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         [Signature of the Optionee]

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         [Name of the Optionee]

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         [Address of the Optionee]

Dated: ________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]