Document:

exv10w1

Exhibit 10.1

[FORM FOR EXECUTIVE OFFICERS]

STOCK OPTION CERTIFICATE

AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.

	 	 	 	 	 	 	 	 	 
	Grant Date	 	Option Shares	 	Exercise Price	 	Expiration Date	 	Type of Option
	 	 	 	 	 	 	 	 	 

     1. Option Grant.

THIS CERTIFIES THAT, on the Grant Date set forth above American Medical Systems Holdings, Inc., a
Delaware corporation (the “Company”), has granted to:

                     (the “Participant”)

the right and option (the right to purchase any one share of Stock hereunder being an “Option”) to
purchase from the Company the number of shares of the Company’s common stock, par value $.0l per
share (“Stock”), set forth above (the “Option Shares”) at any time during the period commencing on
the date of this Certificate and ending on the expiration date set forth above (the “Expiration
Date”).

     2. Subject to Plan. The Options have been granted under the American Medical Systems
Holdings, Inc. 2005 Stock Incentive Plan (As Amended and Restated) (the “Plan”) and the terms of
the Plan are incorporated herein by reference. In the event of any conflict or inconsistency
between this Certificate and the Plan, the provisions of the Plan shall control. All capitalized
terms used but not otherwise expressly defined in this Certificate shall have the meaning ascribed
to them in the Plan.

     3. Option Exercise Price. Each of the Options shall have a per share exercise price
equal to the exercise price set forth above (the “Exercise Price”) and shall constitute either an
“Incentive Stock Option” or a “Non-Statutory Stock Option,” as set forth on Exhibit A hereto.
Notwithstanding the foregoing, any portion of this Option that is exercised pursuant to Section
5(c) more than three (3) months after the Participant’s employment or other service with the
Company and all Subsidiaries terminates shall be deemed to be a Non-Statutory Stock Option.

     4. Limitations on Exercise of Options.

          (a) Except as otherwise provided in this Certificate or in the Plan, and for so long as the
Participant remains in the employ or service of the Company or any Subsidiary, the Options shall
vest and shall be exercisable as to the Option Shares during the term of employment or service in
the amount of shares and on the dates set forth on Exhibit A hereto.

          (b) The Committee shall have the authority to modify the vesting and exercisability of any or
all of the then-unvested Options as and in the manner set forth in the Plan.

 

 

     5. Termination of Employment or Service. Subject specifically to the authority of the
Committee under Section 12.4 of the Plan:

          (a) If prior to the Expiration Date, the Participant’s employment or other service with the
Company and all Subsidiaries shall be terminated by reason of death or Retirement, the Options
shall remain exercisable, to the extent exercisable as of the date of such termination, until the
earlier of the Expiration Date or that date which is twelve (12) months after such date of such
termination. Options not exercisable as of the date of such termination will be forfeited and
terminate.

          (b) If prior to the Expiration Date, the Participant’s employment or other service with the
Company and all Subsidiaries shall be terminated by reason of Disability, the Options shall remain
exercisable, to the extent exercisable as of the date of such termination, until the earlier of the
Expiration Date or that date which is nine (9) months after such date of such termination. Options
not exercisable as of the date of such termination will be forfeited and terminate.

          (c) If prior to the Expiration Date, the Participant’s employment or other service with the
Company and all Subsidiaries shall be terminated (i) other than as described in Section 5(d) or by
reason of death, Disability or Retirement, or (ii) because the Participant is in the employ or
service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the
Participant continues in the employ or service of another Subsidiary), then all Options shall
remain exercisable, to the extent exercisable as of the date of such termination, until the earlier
of the Expiration Date or that date which is nine (9) months after such date of such termination.
Options not exercisable as of the date of such termination will be forfeited and terminate.

          (d) If (i) the Company terminates the Participant’s employment with the Company and all
Subsidiaries for any reason other than for Cause, or the Participant terminates the Participant’s
employment with the Company and all Subsidiaries for Good Reason, and (ii) the termination occurs
either within the period beginning on the date of a Change in Control and ending on the last day of
the first full calendar month following the first anniversary date of the Change in Control or
prior to a Change in Control if the Participant’s termination of employment was either a condition
of the Change in Control or was at the request or insistence of a third party related to the Change
in Control, then all unvested Options shall vest and be immediately exercisable in full as of the
date of such termination and shall remain exercisable until the earlier of the Expiration Date or
the date which is twelve (12) months after such date of termination. If the Company and the
Participant have entered into a change in control severance agreement, then for purposes of this
Section 5(d) the terms “Cause” and “Good Reason” shall be as defined in the change in control
severance agreement. Further, any inconsistency between this Certificate, the Plan and the change
in control severance agreement shall be controlled by this Certificate.

          (e) After the expiration of any exercise period described in any of Sections 5(a) through (d)
above, the Options shall terminate together with all of the Participant’s rights hereunder, to the
extent not previously exercised.

     6. Effects of Actions Constituting Cause. Notwithstanding anything in this

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Certificate or the Plan to the contrary, in the event that the Participant is determined by
the Committee, acting in its sole discretion, to have committed any action which would constitute
Cause, irrespective of whether such action or the Committee’s determination occurs before or after
termination of such Participant’s employment or other service with the Company or any Subsidiary,
this Certificate and all rights of the Participant under this Certificate and the Plan shall
terminate and be forfeited without notice of any kind. The Committee may defer the exercise of the
Options hereunder for a period of up to forty-five (45) days in order for the Committee to make any
determination as to the existence of Cause. For purposes of this Section 6, the term “Cause” shall
be as defined in the American Medical Systems, Inc. Executive Severance Pay Plan.

     7. Breach of Confidentiality, Non-Compete or Non-Solicitation. Notwithstanding
anything in this Certificate or the Plan to the contrary, in the event that the Participant
materially breaches the terms of any confidentiality, non-compete or non-solicitation agreement
entered into with the Company or any Subsidiary, whether such breach occurs before or after
termination of the Participant’s employment or other service with the Company or any Subsidiary,
the Committee in its sole discretion may require the Participant to surrender shares of Stock
received, and to disgorge any profits made or realized, in connection with the Options or issued
upon the exercise or vesting of the Options.

     8. Manner of Option Exercise

          (a) Notice. The Options shall be exercised by delivering written notice to the
Company (Attention: HR Stock Administration Staff) stating the number of shares of Stock to be
purchased, the person or persons in whose name the shares of Stock are to be registered and each
such person’s address and social security number. Such notice shall not be effective unless
accompanied by the full purchase price for all shares to be purchased, and any applicable amounts
withheld in accordance with Section 13 of the Plan.

          (b) Payment. At the time of exercise of the Option, the Participant must pay the
total purchase price of the Option Shares to be purchased entirely in cash (including a check, bank
draft or money order, payable to the order of the Company); provided, however, that the Committee,
in its sole discretion, may allow such payment to be made, in whole or in part, by tender of a
Broker Exercise Notice or Previously Acquired Shares, by “net exercise” of the Option (as described
in Section 6.4(b) of the Plan), or by a combination of such methods. In the event the Participant
is permitted to pay the total purchase price of the Option in whole or in part with Previously
Acquired Shares, the value of such shares will be equal to their Fair Market Value on the date of
exercise of the Option.

     9. Rights as Stockholder. The Participant or a transferee of the Options shall have
no rights as a stockholder with respect to any shares covered by the Options until he shall have
become the holder of record of such shares (and the Company shall use its reasonable best efforts
to cause the Participant promptly to become the holder of record of such shares), and, except as
otherwise provided in the Plan, no adjustment shall be made for dividends or distributions or other
rights in respect of such shares for which the record date is prior to the date upon which he shall
become the holder or record thereof.

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     10. Company; Participant.

          (a) The term “Company” as used in this Certificate with reference to employment or service
shall include the Company and its affiliates.

          (b) Whenever the word “Participant” is used in any provision of this Certificate under
circumstances where the provision should logically be construed to apply to the executors, the
administrators, legal representatives or the person or persons to whom the Options may be
transferred by will or by the laws of descent and distribution, the word “Participant” shall be
deemed to include such person or persons.

     11. Disposition of Stock. The Participant agrees to notify the Company, in writing,
within thirty (30) days of any disposition (whether by sale, exchange, gift or otherwise) of shares
of Stock purchased under this Certificate, within two (2) years from the date of the granting of
such Options or within one (1) year of the exercise of such Options.

     12. Binding Effect. This Certificate shall be binding upon the heirs, executors,
administrators, successors and permitted assigns of the parties hereto.

	 	 	 	 	 	 	 
	Dated:                                         	 	AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Anthony P. Bihl	 	 
	 

	 	 	 	President and Chief Executive Officer	 	 

4exv10w2

Exhibit 10.2

[FORM FOR EXECUTIVE OFFICERS]

RESTRICTED STOCK AWARD NOTICE

AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.

	 	 	 
	Grant Date	 	Number of Restricted Shares
	«Grant_Date»
	 	«Restricted_Stock»

     1. Award Grant. This Notice certifies that, on the Grant Date set forth above
American Medical Systems Holdings, Inc., a Delaware corporation (the “Company”), has granted to:

                                         (the “Participant”)

an award of restricted shares of the Company’s common stock, par value $.0l per share, as set forth
above (the “Restricted Shares”).

     2. Subject to Plan. The Restricted Shares have been granted under the American
Medical Systems Holdings, Inc. 2005 Stock Incentive Plan (As Amended and Restated) (the “Plan”) and
the terms of the Plan are incorporated herein by reference. In the event of any conflict or
inconsistency between this Notice and the Plan, the provisions of the Plan shall control. All
capitalized terms used but not otherwise expressly defined in this Notice shall have the meaning
ascribed to them in the Plan.

     3. Risk of Forfeiture and Transferability Restrictions. The Participant’s right to
retain the Restricted Shares is subject to satisfaction of the vesting conditions set forth herein.
The Restricted Shares will vest and become non-forfeitable, and the restrictions on transfer will
lapse, on a cumulative basis, as set forth in Exhibit A hereto, provided that the Participant is
employed or providing service to the Company or a Subsidiary on, and has been continuously employed
by or providing service to the Company or a Subsidiary through, each such date. The Committee
shall have the authority to modify the vesting of any or all of the then-unvested Restricted Shares
as and in the manner set forth in the Plan. Prior to vesting on the terms and conditions above, no
right or interest of the Participant in the Restricted Shares will be assignable or transferable,
or subjected to any lien, during the lifetime of the Participant, either voluntarily or
involuntarily, directly or indirectly, by operation of law or otherwise.

     4. Rights as a Stockholder. Except as provided in Sections 3 above, the Participant
will have all voting, dividend, liquidation and other rights with respect to the Restricted Shares
upon the Participant becoming the holder of record of such shares as if the Participant were a
holder of record of shares of unrestricted Common Stock; provided, however, that any dividends or
distributions (other than regular quarterly cash dividends) paid with respect to any unvested
portion of the Restricted Shares will be subject to the same restrictions as the Restricted Shares
to which such dividends or distributions relate. No interest will be paid on such dividends or
distributions.

 

 

     5. Termination of Employment or Service. Subject to the authority of the Committee
under Section 12.4 of the Plan and to Sections 6 and 7, below:

          (a) Except as provided in Section 5(b), if the Participant’s employment or other service with
the Company and all Subsidiaries terminates, for any reason, all Restricted Shares unvested at the
time of termination will be terminated and forfeited.

          (b) Change in Control. If (i) the Company terminates the Participant’s employment
with the Company and all Subsidiaries for any reason other than for Cause, or the Participant
terminates the Participant’s employment with the Company and all Subsidiaries for Good Reason, and
(ii) the termination occurs either within the period beginning on the date of a Change in Control
and ending on the last day of the first full calendar month following the first anniversary date of
the Change in Control or prior to a Change in Control if the Participant’s termination of
employment was either a condition of the Change in Control or was at the request or insistence of a
third party related to the Change in Control, then all unvested Restricted Shares shall immediately
fully vest and be non-forfeitable as of the date of such termination. If the Company and the
Participant have entered into a change in control severance agreement, then for purposes of this
Section 5(b) the terms “Cause” and “Good Reason” shall be as defined in the change in control
severance agreement. Further, any inconsistency between this Notice, the Plan and the change in
control severance agreement shall be controlled by this Notice.

     6. Effects of Actions Constituting Cause. Notwithstanding anything in this Notice or
the Plan to the contrary, in the event that the Participant is determined by the Committee, acting
in its sole discretion, to have committed any action which would constitute Cause, irrespective of
whether such action or the Committee’s determination occurs before or after termination of such
Participant’s employment or other service with the Company or any Subsidiary, this Notice and all
rights of the Participant under this Notice and the Plan shall terminate and be forfeited without
notice of any kind. The Committee may defer the vesting of Restricted Shares hereunder for a
period of up to forty-five (45) days in order for the Committee to make any determination as to the
existence of Cause. For purposes of this Section 6, the term “Cause” shall be as defined in the
American Medical Systems, Inc. Executive Severance Pay Plan.

     7. Breach of Confidentiality, Non-Compete or Non-Solicitation. Notwithstanding
anything in this Notice or the Plan to the contrary, in the event that the Participant materially
breaches the terms of any confidentiality, non-compete or non-solicitation agreement entered into
with the Company or any Subsidiary, whether such breach occurs before or after termination of the
Participant’s employment or other service with the Company or any Subsidiary, the Committee in its
sole discretion may require the Participant to surrender Restricted Shares, vested or unvested, and
to disgorge any profits made or realized, in connection with the Restricted Shares.

     8. Participant. Whenever the word “Participant” is used in any provision of this
Notice under circumstances where the provision should logically be construed to apply to the
executors, the administrators, legal representatives or the person or persons to whom the
Restricted Shares may be transferred by will or by the laws of descent and distribution, the word
“Participant” shall be deemed to include such person or persons.

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     9. Binding Effect. This Notice shall be binding upon the heirs, executors,
administrators, successors and permitted assigns of the parties hereto.

	 	 	 	 	 	 	 
	Dated:	 	AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Anthony P. Bihl	 	 
	 

	 	 	 	President and Chief Executive Officer	 	 

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