Document:

EX-10.19.1 (a)

(a) — Incorporated by reference to the exhibit of the same number contained in the Company’s
Form 8-K filed on May 20, 2005.EX-10.19.3 (b)

(b) — Incorporated by reference to the exhibit of the same number contained in the Company’s
Form 8-K filed on February 21, 2006.EX-10.1

Exhibit 10.1

ANALOGIC CORPORATION

2007 STOCK OPTION PLAN

I. Purpose.

The purpose of the 2007 Analogic Stock Option Plan (“Plan”) is to further the growth and
development of Analogic Corporation (“Company”) by enhancing the Company’s ability to attract,
motivate and retain certain key Employees and Consultants of the Company and its subsidiary
corporations. The Plan permits the grant of Stock Options, both Incentive Stock Options (“ISOs”)
and Non-Qualified Stock Options (“NQSOs”). The Plan has been adopted and approved by the Company’s
Board of Directors (“Board”) and will become effective upon approval by the Company’s stockholders.
Unless terminated sooner, the Plan will terminate at the close of business on the day before the
tenth anniversary of the date the Plan was approved by the Company’s stockholders. Upon termination
of the Plan, outstanding Stock Options under the Plan will remain outstanding, but no additional
Awards may be issued under the Plan.

II. Administration.

The Plan shall be administered by the Compensation Committee (“Committee”) appointed by the Board
except as specified within the Plan. The Committee shall have the authority, except as specified to
the contrary within the Plan, to determine eligibility and participation, grant Awards, amend the
Plan, determine the terms and provisions of the respective Award Agreements, which need not be the
same in all cases, interpret the respective Award Agreements and the Plan, and make all other
determinations which, in the Committee’s judgment, are necessary or desirable in the administration
of the Plan. Any determinations made by the Committee shall be final and binding. In the case of
any Awards intended to qualify under the performance-based compensation exemption under Section
162(m) of the Code, the Committee shall exercise its discretion consistent with qualifying the
Award as such. Notwithstanding anything in the Plan to the contrary, no Award outstanding under
the Plan may be repriced, regranted through cancellation or otherwise amended to reduce the
Exercise Price applicable thereto (other than with respect to adjustments made in connection with a
transaction or other change in the Company’s capitalization) without the approval of the Company’s
stockholders.

III. Eligibility.

All Employees and Consultants are eligible to receive Stock Options under the Plan. Eligibility to
receive ISOs is limited to Employees of the Company or a subsidiary corporation as defined in
Section 424 of the Code.

IV. Stock Subject to the Plan.

(a) Aggregate Limits. Subject to the provisions of Section VI(a), the maximum number of shares of
Common Stock, par value of $.05 per share (“Shares”), which may be issued to Participants under the
Plan shall be 250,000 and the maximum number of Shares that may be issued upon exercise of ISOs
under the plan is 250,000. Except as specified herein, any Shares subject to an Award which expires
or terminates unexercised will again become available for grant under the Plan. Shares tendered or
withheld to satisfy the Exercise Price or tax obligations associated with a Stock Option will not
become available for further grant under the Plan. In addition, Shares purchased on the open market
using proceeds from Stock Option exercises will not become available for further grant under the
Plan.

(b) Other Limits. The maximum number of Shares subject to Stock Options that may be granted to any
one Participant in any calendar year under the plan is 150,000 Shares. This limit is intended to
comply with Section 162(m) of the Code or any successor provision. Notwithstanding anything to
the contrary within the Plan, the foregoing limitations shall be subject to appropriate adjustment
under Section VI(a) to the extent that such adjustment will not affect the status of any Stock
Option intended to qualify as performance-based compensation under Section 162(m) of the Code.

(c) Substitute Awards. In connection with a merger or consolidation of an entity with the Company
or the acquisition by the Company of property or stock of an entity, the Committee may grant Stock
Options in substitution for any stock options granted by such entity or an affiliate thereof.
Substitute Awards may be granted on such terms as the Committee deems appropriate in the
circumstances, notwithstanding any limitations on Stock Options contained in the Plan. To the
extent permitted by the requirements of Section 422 of the Code, the NASDAQ Stock Market (“NASDAQ”)
or the applicable stock exchange or other legal requirements, any Shares that are issued pursuant
to exercise of Stock Options either assumed or converted due to an acquisition will not impact the
number of Stock Options available for grant under the Plan.

V. Grant, Terms and Conditions Applicable to Stock Option Awards.

(a) Grant and Documentation. The Committee may grant Stock Options to purchase Shares of Common
Stock. Each Stock Option granted under the Plan shall be identified in an Award Agreement as either
an ISO pursuant to Section 422 of the Code or a NQSO. Any Stock Option designated as an ISO will
qualify only to the extent it does not exceed the $100,000 limitation of Section 422(d) of the
Code. The Award Agreement shall also specify a number of Shares underlying the Stock Option, the
Exercise Price of the Stock Option, the period during which the Stock Option may be exercised and
all other terms and, to the extent they are not inconsistent with the provisions of the Plan, any
other conditions of the Stock Option the Committee deems necessary or advisable to further the
purpose of the Plan or to comply with tax, regulatory and/or accounting principles or requirements.

(b) Option Price. The Exercise Price, which is the amount payable to the Company by the recipient
upon exercise of a Stock Option, shall be determined by the Committee. The Exercise Price per Share
shall be not less than 100% of the Fair Market Value of Common Stock on the date the Stock Option
is granted. The Fair Market Value shall be determined by the mean of the high and low sales prices
on the date of grant (or the most recent trading day if the date of grant is not a trading day),
provided, however, that the Exercise Price of any ISO granted to a Ten Percent Shareholder shall
not be less than 110% of the Fair Market Value of the Shares of Common Stock on the date of grant
of the Stock Option.

(c) Vesting and Exercisability. The Committee may determine the time or times at which each Stock
Option awarded under the plan will vest or become exercisable, subject to the limitations provided
herein:

(i) Maximum Term. No Stock Option may be granted with a term in excess of 10 years,
or, in the case of an ISO granted to a Ten Percent Shareholder, five years.

(ii) Minimum Vesting. No Stock Option grant, or portion of a Stock Option grant,
that vests based on the Continued Service of a Participant will vest earlier than one year
from the date the Stock Option was awarded, except as provided under Section V(d) or
Section VI(c) of the Plan.

Unless otherwise provided in an Award Agreement, Stock Options shall vest, subject to a
Participant’s Continued Service and other provisions herein, according to the following schedule:
25% of a given Stock Option Award will vest on the second anniversary of the date of grant, with
another 25% vesting each subsequent anniversary of the date of grant until the entire grant is
vested (at the end of five years). The Committee may, in its discretion, structure the vesting of a
Stock Option award upon defined performance criteria and related Company, division, subsidiary or
individual goals and objectives.

(d) Effect of Termination of Employment. Except as otherwise determined by the Committee and
provided in an Award Agreement:

(i) in the event a Participant’s employment with the Company shall terminate for any reason
other than death, Disability, Discharge For Cause, Retirement or Voluntary Resignation
(non-retirement), Stock Options that are exercisable as of the date of termination will
remain exercisable for 90 days from the date of termination, but under no circumstances
will Stock Options be exercisable beyond the expiration of the Stock Option’s term and
Stock Options that are not exercisable on the date of termination shall be terminated at
that time;

(ii) in the case of the death of a Participant, Stock Options held by the Participant at
the time of death will accelerate, become fully exercisable and remain exercisable by the
Participant’s legal representatives or heirs until the earlier of one year from the date of
death or the expiration of each Stock Option’s term;

(iii) if a Participant’s employment terminates due to Disability, Stock Options held by the
Participant at the time of such termination will accelerate, become fully exercisable and
remain exercisable by the Participant (or such Participant’s legal representatives) until
the earlier of one year from the date of termination or the expiration of each Stock
Option’s term;

(iv) if a Participant is Discharged For Cause, all outstanding Stock Options held by the
Participant (whether vested or unvested) will be terminated as of the commencement of
business on the date of termination;

(v) in the event that a Participant’s employment terminates due to Retirement, Stock
Options that have been outstanding for less than one year as of the date of Retirement will
be forfeited, and Stock Options that have been outstanding for more than one year as of the
date of Retirement will continue to vest for up to one year from the date of Retirement and
will remain exercisable for up to one year from the date of Retirement, or until the
expiration of their term, if sooner, and Stock Options that are vested as of the date of
Retirement will also remain exercisable for up to one year from Retirement or until the
expiration of their term, if sooner; and

(vi) if a Participant’s employment terminates due to Voluntary Resignation
(non-retirement), all currently outstanding Stock Options, both vested and unvested, will
be forfeited as of the date of Voluntary Resignation.

(e) Taxes. The Committee shall establish requirements as it deems appropriate in order to ensure
that no Shares shall be delivered under the Plan to any Participant or their representatives, until
such person(s) have made arrangements acceptable to the Committee for the payment of any Federal,
State, Local, Employment or other applicable taxes required by law. The Company may deduct any such
tax obligations from any payment of any kind due to the Participant. As determined appropriate by
the Committee, minimum tax obligations may be satisfied in whole or in part by the delivery of
Shares, including Shares retained from the exercise or other event creating the tax obligation. Any
Shares withheld for this reason shall be valued at their Fair Market Value on the date on which the
amount of tax to be withheld is determined.

(f) Transferability. Each Stock Option by its terms shall not be transferable otherwise
than by will or the laws of descent and distribution, and shall be exercisable, during a
Participant’s lifetime (unless Disabled within the meaning of the Plan), only by the Participant.

(g) Exercise of Stock Options. Stock Options awarded under the Plan may be exercised by delivering
notice, as specified in the applicable Award Agreement, along with full payment of the Exercise
Price for all Stock Options being exercised. Payment of the Exercise Price for one or more Stock
Option(s) may be satisfied (i) in U.S. dollars (cash or check) or (ii) in one or more of the
following ways (to the extent permitted by the Committee): through the delivery of an appropriate
number of Shares of Common Stock that have been held by the Participant for at least six months, or
through a cashless exercise program in conjunction with a securities brokerage firm. No Shares
shall be distributed to any Participant prior to the full payment of the Exercise Price to the
Company.

(h) Acceleration. The Committee may at any time provide that any Stock Option shall become
immediately exercisable in full or in part, or free of some or all restrictions or conditions.

VI. Effect of Certain Transactions.

(a) Change in Capitalization. In the event of a stock split, reverse stock split, stock dividend,
combination, reclassification or similar change in the capital structure of the Company, the
Committee shall make appropriate adjustments to: the number of Shares of stock issuable upon
exercise of outstanding Stock Options, the Exercise Price relating to any outstanding Stock Option,
the maximum number of Shares available for issuance under the Plan, and the maximum number of
Shares subject to Stock Options which may be awarded to any Participant during any tax year of the
Company or as ISOs in order to prevent either the dilution or enlargement of the rights of
Participants; provided that, any adjustments to ISOs shall be made in accordance with Section 424
of the Code. Without limiting the generality of the foregoing, in the event the Company effects a
split of the Common Stock by means of a stock dividend and the Exercise Price of and the number of
Shares subject to each Stock Option are adjusted as of the date of the distribution of the dividend
(rather than as of the record date for such dividend), then an optionee who exercises a Stock
Option between the record date and the distribution date for such stock dividend shall be entitled
to receive, on the distribution date, the stock dividend with respect to the Shares of Common Stock
acquired upon such Stock Option exercise, notwithstanding the fact that such Shares were not
outstanding as of the close of business on the record date for such stock dividend.

   

(b) Liquidation. The Committee shall notify Participants no less than twenty (20) days in advance
of any proposed dissolution or liquidation of the Company. Unless specified otherwise in an
individual’s employment contract or Award Agreement, all unexercised Stock Options shall terminate
immediately prior to consummation of such dissolution or liquidation.

(c) Change-in-Control. Unless otherwise specified in an individual Award Agreement or otherwise, in
the event of a Change-in-Control, each outstanding Stock Option under the Plan shall, immediately
prior to such Change-in-Control, accelerate and become fully exercisable, subject to all other
terms of the Stock Option or as specified in the Award Agreement and expire no sooner than the
earlier of three months from the date of such Change-in-Control or the expiration of its term.

VII. Other Provisions Related To Stock Options.

(a) Limitation of Rights. Neither eligibility under, nor participation in, the Plan shall be
construed as giving any person the right to continued employment or any rights as a stockholder
except as to Shares that are actually issued under the Plan. Furthermore, no person shall have any
claim to receive a Stock Option grant under the Plan. The Committee’s grant of Stock Options to a
Participant at any time shall not require the Committee to grant any other Stock Option Awards to
such Participant or other persons at any time.

(b) Conditions to Effectiveness of the Plan. The Plan was adopted by the Board of Directors on June
5, 2006 and amended on December 7, 2006 and will become effective upon approval by the Company’s
stockholders. No Stock Option may be granted under the Plan after the day prior to the tenth
anniversary of the date the Plan was approved by the Company’s stockholders. No Stock Option shall
be granted or exercised if the grant of the Stock Option, or the exercise and the issuance of
Shares pursuant thereto, would be contrary to law or the regulations of any duly constituted
authority having jurisdiction. Furthermore, if any term or provision of the Plan shall be deemed
invalid, unlawful or unenforceable, that term or provision in question shall be revised in order to
be valid, lawful and enforceable, but will not affect any other provision of the Plan.

(c) Alteration, Termination, Discontinuance, Suspension or Amendment. The Board may amend, suspend
or terminate the Plan or any portion thereof at any time provided that:

(i) to the extent required by Section 162(m), no Stock Option granted to a Participant that
is intended to comply with Section 162(m) after the date of such amendment shall become
exercisable, realizable or vested, as applicable to such Stock Option, unless and until
such amendment shall have been approved by the Company’s stockholders if required by
Section 162(m) (including the vote required under Section 162(m));

(ii) no amendment that would require stockholder approval under the rules of NASDAQ may be
made effective unless and until such amendment shall have been approved by the Company’s
stockholders; and

(iii) if NASDAQ amends its corporate governance rules so that such rules no longer require
stockholder approval of material amendments to equity compensation plans, then, from and
after the effective date of such amendment to the NASDAQ rules, no amendment to the Plan:

(A) materially increasing the number of shares authorized under the Plan (other
than pursuant to Section VI),

(B) expanding the types of Stock Options that may be granted under the Plan, or

(C) materially expanding the class of participants eligible to participate in the
Plan shall be effective unless stockholder approval is obtained.

In addition, if at any time the approval of the Company’s stockholders is required as to any other
modification or amendment under Section 422 of the Code or any successor provision with respect to
ISOs, the Board may not effect such modification or amendment without such approval. No Stock
Option shall be granted that is conditioned upon stockholder approval of any amendment to the Plan.

(d) International Stock Option Considerations. Stock Options may be awarded under the Plan to
eligible persons in international locations. Although the Committee may not take any actions that
would violate applicable laws, the Committee reserves the right to take necessary actions in order
to comply with local regulations and requirements, including without limitation:

(i) the right to establish separate sub-plans or programs to provide for the grant of Stock
Options to eligible persons in international jurisdictions,

(ii) the right to tailor such sub-plans in a manner that, as the Committee determines
necessary and advisable, to comply with local laws and regulations or to maximize the
efficiency of the plan in light of local tax or accounting considerations, and

(iii) the right to take any action required, either before or after the grant of a Stock
Option, to comply with any applicable local government regulatory exemptions or approvals.

(e) Conditions to Exercise of Options. The Committee shall not be obligated to deliver any
Shares upon the exercise of Stock Options to the extent that such delivery or distribution would
not comply with all applicable laws (including, the requirements of the Securities Act of 1933). In
addition the Committee may require that the Participant:

(i) shall have represented, warranted and agreed, in form and substance satisfactory to the
Company, both that the Participant is acquiring the Stock Option and, at the time of
exercising the Stock Option, that the Participant is acquiring the Shares for their own
account, for investment or not with a view to or in connection with any distribution,

(ii) shall have agreed to any restrictions on transfer, in a manner satisfactory to the
Committee, and

(iii) shall have agreed to an endorsement which makes appropriate reference to such
representations, warranties, agreements and restrictions both on the Stock Option and on
the certificate representing the Shares.

(f) Compliance With Code Section 409A of the Code. No Stock Option shall provide for deferral of
compensation that does not comply with Section 409A of the Code, unless the Committee, at the time
of grant, specifically provides that the Stock Option is not intended to comply with Section 409A
of the Code. The Company shall have no liability to a Participant, or any other party, if a Stock
Option that is intended to be exempt from, or compliant with, Section 409A of the Code is not so
exempt or compliant or for any action taken by the Committee.

(g) Governing Law. The provisions of the Plan and all Stock Options made hereunder shall be
governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts,
excluding choice-of-law principles of the law of such state that would require the application of
the laws of a jurisdiction other than such state.

VIII. Definitions. As used within the plan, the following definitions apply to the terms indicated
below:

	 	•	 	“Award” – Refers to any Stock Option, either Incentive Stock Option or Non-Qualified
Stock Option, granted pursuant to the terms of the Plan.

	 	•	 	“Award Agreement” – Refers to either a written agreement between the Company and a
Participant or a written notice from the Company to a Participant evidencing an Award and
its terms.

	 	 	 
	•

•

•

	 	“Board” – Refers to the Board of Directors of the Company.

“Code” – Refers to the Internal Revenue Code of 1986, as amended.

“Common Stock” or “Shares” – Refers to shares of Common Stock of the Company.

	 	•	 	“Change-in-Control” – For purposes of the Plan, a Change-in-Control will be deemed to
have occurred upon (A) any merger or consolidation in which (i) the Company is a
constituent party or (ii) a subsidiary of the Company is a constituent party and the
Company issues shares of its capital stock pursuant to such merger or consolidation
(except, in the case of both clauses (i) and (ii) above, any such merger or consolidation
involving the Company or a subsidiary in which the holders of capital stock of the Company
immediately prior to such merger or consolidation continue to hold immediately following
such merger or consolidation at least 51% by voting power of the capital stock of (x) the
surviving or resulting corporation or (y) if the surviving or resulting corporation is a
wholly owned subsidiary of another corporation immediately following such merger or
consolidation, of the parent corporation of such surviving or resulting corporation) or
(B) the issuance, sale or transfer, in a single transaction or series of related
transactions, of capital stock representing at least 51% of the voting power of the
outstanding capital stock of the Company immediately following such transaction or (C) the
sale of all or substantially all of the assets of the Company.

	 	•	 	“Committee” – The Compensation Committee of the Board of Directors.

	 	•	 	“Company” – Means Analogic Corporation and, except where the context otherwise
requires, shall include any subsidiary corporations within the meaning of Section 424 of
the Code.

	 	 	 
	•

•

	 	“Consultant” – Refers to a consultant of the Company.

“Continued Service” – Refers to uninterrupted employment with the Company.

	 	•	 	“Disability” – Applies if a Participant is entitled to receive benefits under a company
sponsored disability program. If no program is in effect for that Participant, Disability
will apply if the Participant has become totally and permanently disabled as specified
under Section 22(e)(3) of the Code.

	 	•	 	“Discharge For Cause” – Refers to termination of an Employee’s service in a manner
either consistent with the definition of “Cause” as outlined in a written agreement
between the Participant and the Company, or the intentional dishonest, illegal or
insubordinate conduct which is materially injurious to Analogic or a subsidiary, or the
breach of any provision of any employment, nondisclosure, non-competition or similar
agreement. The Committee, in its sole discretion, shall determine whether circumstances
warrant a Discharge For Cause.

	 	•	 	“Employee” – Refers to any individual employed by the Company.

	 	•	 	“Exercise Price” – Refers to the amount payable to the Company by the recipient upon
exercise of a Stock Option

	 	•	 	“Fair Market Value” – Refers to the mean of the high and low sales prices on a given
date.

	 	•	 	“Incentive Stock Option” or “ISO” – A Stock Option granted to an Employee that meets
the requirements of Section 422 of the Code.

	 	•	 	“NASDAQ” – Refers to the NASDAQ Stock Market.

	 	•	 	“Non-Qualified Stock Option” or “NQSO” – Any Stock Option granted under the plan that
is not an Incentive Stock Option.

	 	 	 
	•

•

	 	“Participant” – Refers to a person who is granted a Stock Option under the Plan.

“Plan” – The Analogic 2007 Stock Option Plan, as amended from time to time.

	 	•	 	“Retirement” – Applies if any Employee of the Company leaves the employment of the
Company on or after age 55 with 10 or more years of service or on or after age 65. Does
not apply in situations pursuant to any Discharge For Cause or pursuant to any termination
for unsatisfactory performance, as determined by the Company

	 	•	 	“Section 162(m)” – Refers to Section 162(m) of the Code.

	 	•	 	“Stock Option” – The option to acquire shares of Common Stock upon payment of the
Exercise Price.

	 	•	 	“Ten Percent Shareholder” - A person who owns (as defined under Section 424(d) of the
Code) as of at the time a Stock Option is granted, stock possessing more than ten percent
(10%) of the total combined voting power of all classes of stock of the Company.

	 	•	 	“Vesting Date” – Refers to the date established by the Committee on which an Award
shall vest or the date upon which Performance Goals applicable to an Award are achieved.

	 	•	 	“Voluntary Resignation (non-retirement)” – Refers to non-retirement eligible
participants leaving the Company on their own volition.

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