Document:

form10_6.htm

    EXHIBIT
10.6

      EIGHTH AMENDMENT TO
LEASE

      

      THIS
Eighth Amendment to Lease (this “Amendment”) is entered into as
of March 31, 2008 (“Effective
Date”), between NNN 100 Cyberonics Drive, LLC, NNN 100
Cyberonics Drive 1, LLC, NNN 100 Cyberonics Drive 2, LLC,
NNN 100 Cyberonics Drive 3, LLC, NNN 100 Cyberonics Drive 4,
LLC, NNN 100 Cyberonics Drive 5, LLC, NNN 100 Cyberonics
Drive 6, LLC, NNN 100 Cyberonics Drive 7, LLC, NNN 100
Cyberonics Drive 8, LLC, NNN 100 Cyberonics Drive 9, LLC,
NNN 100 Cyberonics Drive 10, LLC, NNN 100 Cyberonics
Drive 11, LLC, NNN 100 Cyberonics Drive 12, LLC, NNN 100
Cyberonics Drive 13, LLC, NNN 100 Cyberonics Drive 14, LLC, each
one a Delaware limited liability company (“Landlord”), acting by and
through Triple Net Properties Realty, Inc. (“Agent for Landlord”),
successor-in-interest to and assignee  of  Space Center
Operating Associates, L.P., and CYBERONICS, INC., a Delaware corporation (“Tenant”).

      

      RECITALS:

      

      A.           Space
Center Operating Associates, L.P. and Tenant entered into a certain Lease
Agreement (the “Lease
Agreement”) dated effective December 5, 2002, as amended by amendment to
lease dated March 3, 2003 (the “First Amendment”) second
amendment to lease, dated October 2, 2003  (the “Second Amendment
“),  third amendment to lease dated March 11, 2004 (the “Third Amendment”), fourth
amendment to the lease agreement dated March 23, 2005 (the “Fourth Amendment”), fifth
amendment to the lease agreement dated May 5, 2005 (the “Fifth Amendment”), sixth
amendment to the lease agreement dated as of July 13, 2005 (the “Sixth Amendment”), and seventh
amendment to lease dated as of December 28, 2007 (the “Seventh Amendment”) (the Lease
Agreement, as previously amended, and this Amendment are hereinafter
collectively referred to as the “Lease”);

      

      B.           Following
the surrender of Suites 115 and 140 on or about December 1, 2007, the Premises comprised a
total of 131,824 Rentable Square Feet, consisting of Suites 102, 103, 105, 106,
107, 110, 127, 130, 143, 150, 160, 200, 203, 300, 400, 500, and 600, and
Tenant’s Proportionate Share of the Building was 91.33%;

      

      C.           Following
the surrender of Suites 102 and 130 on or about March 1, 2008, the Premises
comprise a total of 129,769 Rentable Square Feet, consisting of Suites 103, 105,
106, 107, 110, 127, 143, 150, 160, 200, 203, 300, 400, 500, and 600, and
Tenant’s Proportionate share of the Building is 89.90%; and

      

      D.           The
parties now desire to modify the provisions concerning surrender of the
Surrendered Spaces, upon the terms and conditions of this
Amendment.

      

      NOW, THEREFORE, in
consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable
consideration paid by each party to the other, the receipt and sufficiency of
which are hereby acknowledged, Landlord and Tenant do hereby amend the Lease as
follows:

      AGREEMENTS:

      

      1.           Definitions.  All
terms not otherwise defined herein shall have the meanings given them in the
Lease Agreement.

       

      2.           Premises.   Paragraph 2 of the
Seventh Amendment is modified by deleting the chart contained therein and
substituting the following chart and new language:

       

      
        	
                Surrender
      Date

              	
                Suite
      No.

              	
                Square
      Footage of Surrendered Space

              	
                Remaining
      RSF

              	
                Proportionate
      Share following Surrender

              
	
                12/01/07

              	
                115
      and 140

              	
                2,323

              	
                131,824

              	
                91.33%

              
	
                03/01/08

              	
                130
      and 102

              	
                2,055

              	
                129,769

              	
                89.90%

              
	
                03/31/08

              	
                2XX

              	
                11,440

              	
                118,329

              	
                81.98%

              
	
                06/01/08

              	
                127

              	
                3,852

              	
                114,477

              	
                79.31%

              

      

      

       

      The
parties acknowledge the vacation and surrender of Suite 115 as of December 1,
2007.  The term “Suite 2XX” shall mean that
certain portion of the second level of the Premises leased by Tenant under the
terms of the Lease, being sometimes referred to in the Lease as Suites 200 and
203.

       

      3.           Entry
into Suite 2XX.  Between the Effective Date of this Amendment
and the March 31, 2008 Surrender Date for Suite 2XX, in partial consideration
for Landlord’s agreement to permit Tenant to surrender Suite 2XX earlier than
agreed to in the Seventh Amendment, Tenant hereby consents and agrees that
Landlord shall have the right to enter Suite 2XX for the sole purpose of making
any leasehold improvements in connection with Landlord’s lease of Suite 2XX to
SGT, Inc., or an affiliate thereof (“SGT”), and that Landlord may
permit SGT to enter Suite 2XX in order to install its furniture, fixtures and
equipment, wiring and cabling; provided, however, that the
consent and agreement contained herein is not intended to nor shall it permit
SGT to take occupancy of Suite 2XX prior to the March 31, 2008 Surrender
Date.  No such entry by Landlord or SGT shall be deemed to effect a
surrender or acceptance of surrender of Suite 2XX any other portion of the
Premises, or a breach of Landlord’s covenant of quiet possession, and the Lease
shall remain in full force and effect, except as expressly modified
hereby.  Landlord acknowledges that Landlord’s indemnity of Tenant and
waiver of claims and subrogation set forth in Section 14 of the
Lease Agreement applies to the entry of Landlord and SGT into Suite 2XX prior to
the March 31, 2008 Surrender Date.

       

      4.           Base
Rent.  The rent schedule set forth in Paragraph 4 of the
Seventh Amendment is deleted and replaced with the following:

      

      
        	
                Lease
      Years

              	
                Annual
      Base Rent per Rentable Square Foot

              	
                Monthly
      Base Rent Payment

              
	
                11/
      01/07 – 11/30/07

              	
                $21.50

              	
                $240,346.71

              
	
                12/01/07
      – 12/31/07

              	
                $21.50

              	
                $236,184.47

              
	
                01/01/08
      – 02/29/08

              	
                $22.00

              	
                $241,677.33

              
	
                03/01/08
      – 03/31/08

              	
                $22.00

              	
                $237,909.83

              
	
                04/01/08
      – 05/31/08

              	
                $22.00

              	
                $216,936.50

              
	
                06/01/08
      – 08/31/08

              	
                $22.00

              	
                $209,874.75

              
	
                09/01/08
      – 12/31/08

              	
                $22.00

              	
                $209,874.75

              
	
                01/01/09
      – 12/31/09

              	
                $22.50

              	
                $214,644.38

              
	
                01/01/10
      – 12/31/ 10

              	
                $23.00

              	
                $219,414.25

              
	
                01/01/11
      – 12/31/11

              	
                $23.50

              	
                $224,184.13

              
	
                01/01/12
      – 12/31/12

              	
                $24.00

              	
                $228,954.00

              
	
                01/01/13
      – 12/31/13

              	
                $24.50

              	
                $233,723.88

              
	
                01/01/14
      – 12/31/14

              	
                $25.00

              	
                $238,493.75

              

      

      

      5.           Base Rent
Credit.  Paragraph 4 of the
Seventh Amendment is further amended to include the following:  “The
Base Rent payable by Tenant hereunder shall be subject to a credit in the total
amount of $2,143.75, which credit is attributable to the Base Rent paid for
Suite 115 despite the surrender of Suite 115 on December 1, 2007 and which shall
be offset against Monthly Base Rent otherwise payable by Tenant on a
dollar-for-dollar basis commencing with the Base Rent Payment due April 1, 2008
until the credit is depleted.

      

      6.           Certain
Personal Property and Equipment.  Tenant hereby agrees that all
furniture and furnishings located in Suite 2XX on the Effective Date of this
Amendment (the “Furniture”) listed on Exhibit A hereto, and
all wiring and data cabling installed by or for Tenant in or serving Suite
2XX shall be and
become the property of Landlord upon the Surrender Date for Suite 2XX, without
additional consideration therefore, as fully as though conveyed and transferred
by bill of sale.  Tenant conveys and transfers the Furniture, wiring
and cabling, in AS IS, WHERE IS condition, without any warranties, express or
implied, except for warranties of title.  Tenant warrants that Tenant
owns the Furniture, wiring and cabling; the Furniture, wiring and cabling are
unencumbered; the transfer of the Furniture, wiring and cabling will not violate
any agreement to which Tenant is a party or by which Tenant is bound; and Tenant
has full power and authority to transfer and convey title to the Furniture,
wiring and cabling.  Notwithstanding anything to the contrary
contained herein, it is specifically understood and agreed by the parties that
the card access system and related equipment serving Suite 2XX shall be excluded
from the conveyance contained herein.

      

      7.           Brokerage.   Landlord
and Tenant each represent and warrant to the other that it has not dealt with
any broker or agent in connection with the negotiation or execution of this
Amendment.  Tenant and Landlord shall each indemnify and hold the
other harmless from all liability arising from any claim by any broker claiming
by, through or under the indemnifying party.

       

      8.           Anti-Terrorism
Statutes.  Tenant hereby represents and warrants to Landlord
that Tenant is not: (1) in violation of any Anti-Terrorism Law; (2) conducting
any business or engaging in any transaction or dealing with any Prohibited
Person, including the making or receiving or any  contribution of
funds, goods or services to or for the benefit of any Prohibited Person; (3)
dealing in, or otherwise engaging in any transaction relating to, any property
or interest in property blocked pursuant to Executive Order No. 13224; (4)
engaging in or conspiring to engage in any transaction that evades or avoids, or
had the purpose of evading or avoiding, or attempts to violate any of the
prohibitions set forth in any Anti-Terrorism Law; or (5) a Prohibited Person,
nor are any of its partners, members, managers, officers or directors a
Prohibited Person.  As used herein, “Antiterrorism Law” is defined
as any law relating to terrorism, anti-terrorism, money laundering or anti-money
laundering activities, including Executive Order No. 13224 and Title 3 of the
USA Patriot Act.  As used herein “Executive Order No. 13224” is
defined as Executive Order No. 13224 on Terrorist Financing effective September
24, 2001, and relating to “Blocking Property and Prohibiting Transactions With
Persons Who Commit, or Support Terrorism” “Prohibited Person” is defined
as (1) a person or entity that is listed in the Annex to Executive Order 13224;
(ii) a person or entity with whom Tenant or Landlord is prohibited from dealing
or otherwise engaging in any transaction by any Anti Terrorism Law, or (iii) a
person or entity that is named as a “specially designated national and blocked
person” on the most current list published by the U.S. Treasury Department
Office Of Foreign Assets Control as its official website,
http://www.treas.gov/ofac/t11sdn.pdf  or at any
replacement website or other official publication of such
list.  “USA Patriot
Act” is defined as the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001”
(Public Law 107-56).

      

      9.           Full
Force and Effect; Condition Precedent.  Except as extended by
this Amendment, all terms and conditions of the Lease shall remain in full force
and effect and Landlord and Tenant shall be bound
thereby.    Tenant hereby represents, warrants and agrees
that:  (a)  there exists no breach, default or event of
default by Landlord under the Lease, or any event or condition which, with
notice or passage of time or both, would constitute a breach, default or event
of default by Landlord under the Lease, (b) the Lease continues to be a legal,
valid and binding agreement and obligation of Tenant, and (c) Tenant has no
offset or defense to its performance or obligations under the
Lease.  Tenant hereby waives and releases all demands, charges,
claims, accounts or causes of action of any nature against Landlord or
Landlord’s employees or agents (including Agent), including without limitation,
both known and unknown demands, charges, claims, accounts, and causes of action
that have arisen out of or in connection with the Lease or Tenant’s occupancy of
the Premises under the Lease.  The obligations of the parties under
this Amendment are subject to and conditioned upon receipt by Landlord of a
lease with SGT for Suite 2XX acceptable to Landlord.  Landlord will
promptly notify Tenant when the condition has been satisfied.

       

      10.           Authority.  Each
party represents and warrants that it has due power and lawful authority to
execute and deliver this Amendment and to perform its obligations under the
Lease; and the Lease and this Amendment are the valid, binding and enforceable
obligations of such party.

       

      [Signatures
follow]

      

      EXECUTED
as of the date first written above.

       

       

      
        	LANDLORD:	 	 TENANT:
	 	 	 
	 TRIPLE NET PROPERTIES REALTY,	 	 CYBERONICS, INC.
	 INC., Agent for Landlord	 	 
	 	 	 
	 	 	 
	 By:  	 	 By:/s/DANIEL J
      MOORE
	 Name:  	 	 Name: Daniel
      J Moore
	 Title:   	 	 Title:   President
      & CEO
	 	 	 
	 Date:            	 	 Date: 

      

      
               Date:                      

      
        
           

        

        
          
            

          

        

         

      

      EXHIBIT
A

      

      FURNITURE

      

      
        	
                Bookcase
      (black metal)

              
	
                File
      Cabinet (HON)

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      File Cabinet

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair

              
	
                HON
      Task Chair (pattern)

              
	
                HON
      Task Chair (pattern)

              
	
                HON
      Task Chair (pattern)

              
	
                Jasper
      Office Chair

              
	
                Jasper
      Reception Desk

              
	
                KI
      Credenza

              
	
                KI
      Credenza

              
	
                KI
      Credenza

              
	
                KI
      Credenza

              
	
                KI
      Cubicle Workstations 1

              
	
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      Cubicle Workstations 10

              
	
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      Cubicle Workstations 11

              
	
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      Cubicle Workstations 12

              
	
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      Cubicle Workstations 2

              
	
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      Cubicle Workstations 20

              
	
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      Cubicle Workstations 21

              
	
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      Cubicle Workstations 22

              
	
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      Cubicle Workstations 23

              
	
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      Cubicle Workstations 24

              
	
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      Cubicle Workstations 25

              
	
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      Cubicle Workstations 26

              
	
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      Cubicle Workstations 27

              
	
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      Cubicle Workstations 28

              
	
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      Cubicle Workstations 3

              
	
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      Cubicle Workstations 37

              
	
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      Cubicle Workstations 38

              
	
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      Cubicle Workstations 39

              
	
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      Cubicle Workstations 4

              
	
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      Cubicle Workstations 40

              
	
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      Cubicle Workstations 5

              
	
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      Cubicle Workstations 6

              
	
                KI
      Cubicle Workstations 7

              
	
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      Cubicle Workstations 8

              
	
                KI
      Cubicle Workstations 9

              
	
                KI
      Desk

              
	
                KI
      Desk

              
	
                KI
      Desk

              
	
                KI
      Desk

              
	
                KI
      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
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      Piretti Task Chair

              
	
                KI
      Piretti Task Chair

              
	
                Kimball
      Task Chair

              
	
                Miller  Task
      Chair

              
	
                VIA
      Task Chair

              
	 
      
	
                KI
      Cubicle Workstation 1

              
	
                KI
      Cubicle Workstation 2

              
	
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      Cubicle Workstation 3

              
	
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      Cubicle Workstation 4

              
	
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      Cubicle Workstation 5

              
	
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      Cubicle Workstation 7

              
	
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      Cubicle Workstation 8

              
	
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      Cubicle Workstation 9

              
	
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      Cubicle Workstation 10

              
	
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      Cubicle Workstation 11

              
	
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      Cubicle Workstation 12

              
	
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      Credenza

              
	
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      Credenzaform10_30.htm

    
      
EXHIBIT
10.30

      
 

      
         

      

      FORM
OF

      EXECUTIVE
RESTRICTED STOCK AGREEMENT

      

      
        	 
      
	
                THIS RESTRICTED STOCK
      AGREEMENT (this “Agreement”) is made effective as of [DATE] (the “Grant
      Date”), between CYBERONICS, INC., a
      Delaware corporation (the “Company”), and [NAME] (the
      “Executive”).

              
	 
      	 
      	 
      	 
      
	 
      	
                1.

              	
                Award.  Pursuant
      to the CYBERONICS, INC.
      NEW EMPLOYEE EQUITY INCENTIVE PLAN (the “Plan”), as of
      the Grant Date [NUMBER] shares (the
      “Restricted Shares”) of the Company’s common stock shall be issued as
      hereinafter provided in the Executive’s name subject to certain
      restrictions thereon.  The Executive hereby acknowledges receipt
      of a copy of the Plan and the Prospectus relating thereto pursuant to the
      Securities Act of 1933, and agrees that this award of Restricted Shares
      shall be subject to all of the terms and provisions of the Plan, including
      future amendments thereto, if any, pursuant to the terms
      thereof.  All dividends and other distributions on a Restricted
      Share shall be subject to the same Forfeiture Restrictions (as hereinafter
      defined) as are applicable to such Restricted Share.

              
	 
      	 
      	 
      	 
      
	 
      	
                2.

              	
                Restricted
      Shares.  The Executive hereby accepts the Restricted
      Shares when issued and agrees with respect thereto as
    follows:

              
	 
      
	 
      	 
      	
                (a)

              	
                Forfeiture
      Restrictions.  The Restricted Shares may not be sold,
      assigned, pledged, exchanged, hypothecated or otherwise transferred,
      encumbered or disposed of to the extent then subject to the Forfeiture
      Restrictions, and in the event of termination of the Executive’s service
      relationship with the Company (as provided in Section 5) for any reason
      other than as provided in Section 2(b), the Executive shall, for no
      consideration, forfeit to the Company all Restricted Shares then subject
      to the Forfeiture Restrictions.  The prohibition against
      transfer and the Executive’s obligation to forfeit and surrender the
      Restricted Shares to the Company upon the Executive’s termination of
      service are herein referred to as the “Forfeiture
      Restrictions.”  The Forfeiture Restrictions shall be binding
      upon and enforceable against any transferee of Restricted
      Shares.

              
	 
      	 
      	 
      	 
      
	 
      	 
      	
                (b)

              	
                Vesting/Lapse
      of Forfeiture Restrictions.  Until the Restricted Shares
      are fully vested or forfeited, on each anniversary of the Grant Date, so
      long as the Executive continues in a service relationship with the Company
      (as provided in Section 5) on such anniversary date and subject to the
      satisfaction of the tax liability under Section 3, 25% of the Restricted
      Shares shall vest and the Forfeiture Restrictions shall lapse on such
      vested shares.  The number of shares that vest as of each
      anniversary date will be rounded down to the nearest whole share, with any
      remaining shares vesting on the final
      installment.  Notwithstanding the foregoing vesting schedule,
      the Forfeiture Restrictions shall lapse in full as to all of the
      Restricted Shares on the earlier of (i) a Change of Control (as defined in
      the Plan) or (ii) the termination of the Executive’s service relationship
      with the Company due to the Executive’s death.

                 

              
	 
      	 
      	
                (c)

              	
                Certificates.  A
      certificate evidencing the Restricted Shares shall be issued by the
      Company in the Executive’s name, pursuant to which the Executive shall
      have all of the rights of a shareholder of the Company with respect to the
      Restricted Shares, including, without limitation, voting rights and the
      right to receive dividends (provided, however, that dividends paid in
      shares of the Company’s stock shall be subject to the Forfeiture
      Restrictions).  The Executive may not sell, transfer, pledge,
      exchange, hypothecate or otherwise dispose of the stock until the
      Forfeiture Restrictions with respect to such shares have expired, and a
      breach of the terms of this Agreement shall cause a forfeiture of all then
      remaining Restricted Shares.  The certificate shall contain an
      appropriate endorsement reflecting the Forfeiture
      Restrictions.  The certificate shall be delivered upon issuance
      to the Secretary of the Company or to such other depository as may be
      designated by the Committee as a depository for safekeeping until the
      forfeiture of such Restricted Shares occurs or the Forfeiture Restrictions
      lapse pursuant to the terms of the Plan and this award.  On the
      date of this Agreement, the Executive shall, if required by the Committee,
      deliver to the Company a stock power, endorsed in blank, relating to the
      Restricted Shares.  Upon the lapse of the Forfeiture
      Restrictions without forfeiture of the Restricted Shares, the Company
      shall cause a new certificate or certificates to be issued without legend
      (except for any legend required pursuant to applicable securities laws or
      any other agreement to which the Executive is a party) in the name of the
      Executive in exchange for the certificate evidencing the Restricted
      Shares.

              
	 
      	 
      	 
      	 
      
	 
      	 
      	
                (d)

              	
                Corporate
      Acts.  The existence of the Restricted Shares shall not
      affect in any way the right or power of the Board of Directors of the
      Company or the shareholders of the Company to make or authorize any
      adjustment, recapitalization, reorganization or other change in the
      Company’s capital structure or its business, any merger or consolidation
      of the Company, any issue of debt or equity securities, the dissolution or
      liquidation of the Company or any sale, lease, exchange or other
      disposition of all or any part of its assets or business or any other
      corporate act or proceeding.  The prohibitions of Section 2(a)
      hereof shall not apply to the transfer of Restricted Shares pursuant to a
      plan of reorganization of the Company, but the stock, securities or other
      property received in exchange therefor shall also become subject to the
      Forfeiture Restrictions and provisions governing the lapsing of such
      Forfeiture Restrictions applicable to the original Restricted Shares for
      all purposes of this Agreement and the certificates representing such
      stock, securities or other property shall be legended to show such
      restrictions.

              
	 
      	 
      	 
      	 
      
	 
      	
                3.

              	
                Withholding
      of Tax.  To the extent that the receipt of the Restricted
      Shares or the lapse of any Forfeiture Restrictions results in compensation
      income to the Executive for federal or state income tax purposes, the
      Executive is responsible for taxes due from Executive on such compensation
      income. Executive agrees to remit estimated taxes to the Company prior to
      and as a condition of the receipt of the Restricted Shares or the lapse of
      any Forfeiture Rights becoming effective.  In the event that the
      estimated taxes are insufficient to satisfy the taxes actually due from
      Executive, Executive agrees to (1) remit funds to satisfy such taxes; or
      (2) specifically authorize the Company in writing to withhold from amounts
      otherwise due to the Executive.  To the maximum extent permitted
      by applicable law, Executive hereby authorizes such
      withholding.

              
	 
      	 
      	 
      	 
      
	 
      	 4.	
                Status of
      Stock.  The Executive agrees that the Restricted
      Shares issued under this Agreement will not be sold or otherwise disposed
      of in any manner which would constitute a violation of any applicable
      federal or state securities laws.  The Executive also agrees
      that (i)  the certificates representing the Restricted Shares
      may bear such legend or legends as the Committee deems appropriate in
      order to reflect the Forfeiture Restrictions and to assure compliance with
      applicable securities laws, (ii) the Company may refuse to register the
      transfer of the Restricted Shares on the stock transfer records of the
      Company if such proposed transfer would constitute a violation of the
      Forfeiture Restrictions or, in the opinion of counsel satisfactory to the
      Company, of any applicable securities law, and (iii) the Company may give
      related instructions to its transfer agent, if any, to stop registration
      of the transfer of the Restricted Shares.

              
	 
      	 
      	 
      	 
      
	 
      	
                5.

              	
                Service
      Relationship.  For purposes of this Agreement, the
      Executive shall be considered to be in service to the Company as long as
      the Executive remains an Employee, an Officer, a Consultant or a Director
      (as those terms are defined in the Plan).  Nothing in the
      adoption of the Plan, nor the award of the Restricted Shares thereunder
      pursuant to this Agreement, shall confer upon the Executive the right to
      continued service by or with the Company.

              
	 
      	 
      	 
      	 
      
	 
      	
                6.

              	
                Notices.  Any
      notices or other communications provided for in this Agreement shall be
      sufficient if in writing.  In the case of the Executive, such
      notices or communications shall be effectively delivered if hand delivered
      to the Executive at his principal place of employment or if sent by
      overnight courier, with confirmation, to the Executive at the last address
      the Executive has filed with the Company.  In the case of the
      Company, such notices or communications shall be effectively delivered if
      sent by overnight courier, with confirmation, to the Company at its
      principal executive offices.

              
	 
      	 
      	 
      	 
      
	 
      	
                7.

              	
                Amendment.  This
      Agreement may not be modified in any respect by any verbal statement,
      representation or agreement made by the Executive or by any employee,
      officer, director, or representative of the Company or by any written
      agreement unless signed by the Executive and by an officer of the Company
      who is expressly authorized by the Company to execute such
      document.

              
	 
      	 
      	 
      	 
      
	 
      	
                8.

              	
                Binding
      Effect.  This Agreement shall be binding upon and inure
      to the benefit of any successors to the Company and all persons lawfully
      claiming under the Executive.

              
	 
      	 
      	 
      	 
      
	 
      	
                9.

              	
                Controlling
      Law.  This Agreement shall be governed by, and construed
      in accordance with, the laws of the State of Texas.

              
	 
      	 
      	 
      	 
      
	
                IN WITNESS WHEREOF, the
      Company has caused this Agreement to be duly executed by an officer
      thereunto duly authorized, and the Executive has executed this Agreement,
      all effective as of the Grant Date.

              

      

      

      

      

      
        	 
      	 
      	
                CYBERONICS,
      INC.

              
	 
      	 
      	 
      	 
      
	 
      	 
      	
                By:

              	 
      
	 
      	 
      	
                Name:

              	
                George
      E. Parker III

              
	 
      	 
      	
                Title:

              	
                Vice
      President, Human Resources

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                EXECUTIVE

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                [NAME]

              	 
      
	 
      	 
      	 
      	 
      

      

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      

      

      
        	
                EXHIBIT TO FORM OF EXECUTIVE RESTRICTED STOCK
      AGREEMENT

              
	 
      	 
      	 
      
	
                Date

              	
                Name

              	
                Number of Shares

              
	 
      	 
      	 
      
	
                July
      9, 2007

              	
                Gregory
      H. Browne

              	
                7,500

              
	 
      	 
      	 
      
	
                August
      1, 2007

              	
                James
      A. Reinstein

              	
                12,500

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]