Document:

EX-10.49

 Exhibit 10.49 
 Tessera Global Services, Inc. 
 Consulting Agreement 

Richard Chernicoff 
 [redacted] 
 Date: January 15,
2013           
 Dear Rich: 

1.       Tessera Global Services, Inc. (together with its affiliates, hereinafter “Tessera” or
the “Company”), a Delaware corporation, having a principal place of business at 3025 Orchard Parkway, San Jose, California 95134, wishes to obtain your services as an independent consultant/contractor (hereinafter “Consultant”,
“you” or “your”) on projects agreed upon by you or to be assigned by the Company (hereinafter the “Projects”), and you as an independent Consultant desire to offer your services to the Company and accept the assignment
to complete such Projects. The initial Projects are briefly outlined in Exhibit A attached hereto. This letter shall constitute an agreement (the “Agreement”) between you and the Company, and contains all the terms and conditions
relating to the services that you provide. 
 2.       Either you or the Company may terminate
this Agreement at any time, with or without good cause, and with or without notice. However, for prudent business reasons, it is expected that either party will give at least one week (5 working days) notice for termination of this Agreement, except
for the termination that is due to poor performance, inability to complete Projects, and/or unfeasibility of Projects. If the Company terminates this Agreement for any reason, other than your material breach hereof or of the Settlement Agreement (as
defined below) the Company’s obligations to provide you with all the consideration set forth in Exhibit A including payments or vesting that are scheduled at a date after termination of this Agreement will continue and survive termination.

 3.       As consideration for your services, you will be paid as set forth in Exhibit A
attached hereto for actual work performed on Projects. 
 4.       According to the nature of
Projects, you may be reimbursed for reasonable travel and other out-of-pocket expenses actually incurred by you in connection with your services under this Agreement, provided that you must obtain prior approval of the Company’s Chief Financial
Officer of the Company for such expenses, and provided that you submit proper receipts for reimbursement. Reimbursement will not be allowed for expenses incurred without prior approval. To the extent that any reimbursements payable pursuant to this
Agreement are subject to the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), such reimbursements shall be paid to you no later than December 31 of the year following the year in which the
expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and your right to reimbursement under this Agreement will not be subject to liquidation or exchange
for another benefit. 
 5.       Your relationship with the Company shall be that of an
independent Consultant; and both parties agree and understand that it is not an employment relationship. You will not be eligible for any employee benefits, nor will the Company make deductions from payments made to you for taxes, which shall be
your sole responsibility as an independent Consultant. In this regard, you hereby represent and confirm to the Company that you act as an independent Consultant and that you will pay all taxes, including federal, state and local income taxes, FICA,
Medicare contributions, disability, and others. 

 6.       As an independent Consultant, you shall have no
authority to enter into contracts which bind the Company or create obligations on the part of the Company without the express prior written authorization of the Company. Such authorization must be signed by the Company’s representative in
accordance to the Company’s signature and authorization policy or by the Chief Financial Officer. In addition, as an independent Consultant, you may establish your own work schedule, consistent with the needs of Projects. You may determine the
location where you perform services under this Agreement, consistent with the timeliness and cost-effectiveness of completing Projects. If you desire to perform some part of the services on the Company’s premises, the Company will make the
appropriate arrangements to accommodate such needs. At times that you may work in the Company’s premises and use Company’s furniture and equipment to facilitate the completion of Projects, such should not be construed as a condition for
employment as an employee. 
 7.       You and the Company acknowledge that your services will be
requested on a project by project basis and that no continuing relationship is created by this Agreement. 
 8.
      The Company has selected you to provide consulting services based upon your experience and expertise and, accordingly, does not anticipate providing you with training or detailed instructions on all aspects of
performing such services. The Company is not retaining you for legal or accounting advice. 
 9.
      You confirm that you are doing business as an independent Consultant and that the Tax Identification Number given by you hereunder is the correct I.D. for tax reporting purpose. In addition, you hereby represent
and confirm that you will carry your own worker compensation insurance and other liability insurance coverages as an independent contractor and that the Company is not responsible for such liability and insurance. 

10.     You shall keep in confidence and shall not disclose or make available to third parties or make any use of any
information or documents relating to your services under this Agreement or to the products, methods of manufacture, trade secrets, processes, business practices, vendor or customer lists, or confidential or proprietary information of the Company
(other than information already in the public domain), except with the prior written consent of the Company. The preceding sentence will not restrict: (i) information that is otherwise publicly disclosed, other than as a result of your breach
of this Agreement or the Confidentiality Agreement (defined below), (ii) that you are requested by legal process to disclose; provided that you give prompt written notice to the Company prior to such disclosure so that the Company may seek an
appropriate protective order, or (iii) that you subsequently independently developed without breach of this Agreement or the Confidentiality Agreement and without access to confidential or priority information of the Company. You recognize that
the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain
limited purposes. You agree that you owe the Company and such third parties, during the term of this Agreement and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any
person, firm or corporation or to use it except as necessary in connection with the Projects consistent with the Company’s agreement with such third party. Upon termination of this Agreement you will return to the Company all documents, or
other materials related to the services provided hereunder or furnished to you by the Company. 

 
Your obligations under this Section 10 shall survive termination of this Agreement. You also hereby confirm your continuing obligations under the Employment Confidential Information,
Invention Assignment and Arbitration Agreement (the “Confidentiality Agreement”) executed by you as of June 27, 2011. 
 11.       As an independent Consultant, you will have all the necessary expertise of your own to complete Projects. You agree and represent that you will not use, copy, or
otherwise incorporate any proprietary information of third parties to complete Projects. The Company will not authorize the use of third parties’ confidential and proprietary information. 

12.       You shall promptly disclose and hereby transfer and assign to the Company all right, title and
interest to all techniques, methods, processes, formulae, improvements, inventions and discoveries (collectively, the “Inventions”) made or conceived or reduced to practice by you, solely or jointly with others, in the course of providing
services hereunder or with the use of materials or facilities of the Company during the term of this Agreement and agree that such Inventions are the sole property of the Company. When requested by the Company you will make available to the Company
all notes, drawings, data and other information relating to the Inventions. You will promptly sign any document (including U.S. and Foreign Patent Assignments) requested by the Company related to the above assignment of such Inventions. Any
Inventions assignable hereunder that constitute copyrightable subject matter shall be considered “works made for hire” as that term is defined in the United States Copyright Act. You agree to assist the Company, or its designee, at the
Company’s expense, in every proper way to secure the Company’s rights in the above any copyrights, patents, mask work rights or other intellectual property rights relating to the assignable Inventions in any and all countries, including
the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for
and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to the assignable Inventions, and any copyrights, patents, mask work rights or
other intellectual property rights relating thereto. You agree that if the Company is unable because of your unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure your signature to apply for or to pursue any
application for any United States or foreign patents or mask work or copyright registrations covering any Inventions assigned to the Company above, then you hereby irrevocably designate and appoint the Company and its duly authorized officers and
agents as your agent and attorney in fact, to act for and in your behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyright and mask work
registrations thereon with the same legal force and effect as if executed by you. 
 13.       You
agree that if in the course of working on Projects you incorporate into any invention, improvement, development, concept, discovery or other proprietary information owned by you or in which you have an interest, the Company is hereby granted and
shall have a nonexclusive, sublicensable, royalty-free, perpetual, irrevocable, worldwide license to make, have made, modify, use and sell such item as part of or in connection therewith. 

14.       The Company understands that you do not presently perform or intend to perform, during the term
of this Agreement, consulting or other services for companies whose business or proposed businesses in any way involve the design or use of products that would be competitive with the products or proposed products of the Company. If, however, you
decide to do so within the consulting period of this Agreement, you agree to notify the Company in writing in advance (specifying the organization with which you propose to consult) and provide general, but not

 
confidential, information sufficient to allow the Company to determine if such consulting would conflict with areas of interest to the Company or further services which the Company might request
of you pursuant to this Agreement. This provision does not restrict you from providing consulting services to companies whose businesses do not involve the design or use of such competitive products. 

15.       Any amendment to this Agreement must be in writing signed by you and the Company. 

16.       All notices, requests or other communications called for by this Agreement shall be deemed to
have been given if made in writing and mailed, postage prepaid, if to you at the address set forth above and if to the Company at the principal office shown above, or to such other addresses as either party shall specify to the other. 

17.       The validity, performance and construction of this Agreement shall be governed by the laws of the
State of California. The Consultant warrants that (i) neither the execution nor performance of this Agreement will conflict with or constitute a default of any agreement to which the Consultant is a party, and (ii) no law, rule or
ordinance of the United States, a state or any other governmental agency will be violated during performance of the Projects, and will defend and hold the Company harmless from any loss, cost or damage as a result of any actual or alleged breach of
these warranties. 
 18.       You agree that it would be impossible or inadequate to measure and
calculate the Company’s damages from any breach of the covenants set forth herein. Accordingly, you agree that if you breach any of the covenants set forth herein, the Company will have available, in addition to any other right or remedy
available, the right to obtain from any court of competent jurisdiction an injunction restraining such breach or threatened breach and specific performance of any such provision. You further agree that no bond or other security shall be required in
obtaining such equitable relief, and you hereby consent to the issuances of such injunction and to the ordering of such specific performance. 
 19.       This Agreement, the Settlement Agreement and General Release of even date herewith between Tessera Technologies, Inc. and you (the “Settlement
Agreement”), and the Confidentiality Agreement constitute the entire agreement of the parties with regard to the subject matter hereof and thereof and the Confidentiality Agreement shall continue pursuant to its terms and conditions and
supersede any prior agreements, whether verbal or written, whether express or implied, between them with respect to the subject matter hereof. 
 20.       The intent of the parties is that the payments and benefits under this Agreement be exempt from Section 409A of the Code and the regulations and guidance
promulgated thereunder (collectively, “Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. Your right to receive any installment payments under this
Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment as permitted under Section 409A. 

 If this Agreement is satisfactory and acceptable to you, please execute and return one copy
to us, retaining the second copy for your file. 
 Yours very truly, 

 

							
	 COMPANY
	 		 	                 AGREED AND ACCEPTED:
	 	
				
	 By: /s/ Robert A. Young
	 		 	 /s/ Richard Chernicoff
	 	
		 		 	                 Signature
	 	

  

							
				
	 Title: President and CEO
	 		 	 Richard Chernicoff
	 	
		 		 	                 Print Name
	 	

 EXHIBIT A 
 DESCRIPTION OF INITIAL CONSULTING PROJECTS 
 AND COMPENSATION 

Projects 

Ongoing cooperation with the Company as requested on all matters relating to: 

1. Current and potential licensees and litigants of the Intellectual Property business of the Company with respect to the
Company’s patents. 
 2. Completion of performance evaluations for all employees of the Company who
previously reported to Consultant. 
 3. The Company’s upcoming annual stockholder meeting. 

Except in connection with the foregoing and subject to your continuing obligations under the Confidentiality Agreement and your
undertakings herein or in the Settlement Agreement and General Release dated as of the date hereof, nothing will restrict your other business activities or consulting arrangements during the term. 

Schedule and Deliverables 
 The Agreement will become effective as of January15, 2013 and expire on December 31, 2013, unless terminated by one of the parties before such date. 

Compensation 
 Subject to Consultant’s execution and non-revocation of the Settlement Agreement, Company will pay the Consultant twelve monthly fees of $36,342 payable in arrears, with the first such monthly
payment due on or about February 1, 2013 for payment for the period from January 15, 2013 through January 31, 2013 (without pro ration for the partial month). The final monthly payment will be due on or about January 1, 2014 for
the period from December 1, 2013 through December 31, 2013. In no event will the payments to Consultant pursuant to this Agreement be paid after March 15, 2014. 
 As a consultant of the Company, Consultant’s equity grants as described on Exhibit B, will continue to vest in accordance with the terms of such grants during the term of this Agreement and
any exercise of such grants will be in accordance with the terms and conditions pursuant to which the grant was made. 
 A
Company purchase order number will be provided for reference only, which must be stated on the Consultant’s invoice. Consultant agrees to complete a Form W-9 prior to starting work under this Agreement. 

[                ]  
[                ] 

    initial             initial 

 EXHIBIT B 
 EQUITY AWARDSEX-10.11

 Exhibit 10.11 
 Nonqualified Stock Option Agreement under 
 the Orthofix International
N.V. 
 2012 Long-Term Incentive Plan 
 This Option Agreement (the “Agreement”) is made this             day of
            20        (the “Grant Date”) between Orthofix International N.V., a Curacao company (the
“Company”), and the person signing this Agreement adjacent to the caption “Optionee” on the signature page hereof (the “Optionee”). Capitalized terms used and not otherwise defined herein
shall have the meanings attributed thereto in the Orthofix International N.V. 2012 Long-Term Incentive Plan (the “Plan”). 
 WHEREAS, pursuant to the Plan, the Company desires to afford the Optionee the opportunity to purchase shares of Stock (“Common Shares”) on the terms and conditions set forth
herein; 
 NOW, THEREFORE, in connection with the mutual covenants hereinafter set forth and for other good and valuable
consideration, the parties hereto agree as follows: 
 1. Grant of Option. Subject to the provisions of this
Agreement and the Plan, the Company hereby grants to the Optionee the right and option (the “Option”) to purchase             Common Shares at an exercise price of
$        .            per share (the “Exercise Price”). 

2. Incorporation of Plan. The Optionee acknowledges receipt of the Plan, a copy of which is annexed hereto, and represents
that he or she is familiar with its terms and provisions and hereby accepts this Option subject to all of the terms and provisions of the Plan and all interpretations, amendments, rules and regulations which may, from time to time, be promulgated
and adopted pursuant to the Plan. The Plan is incorporated herein by reference. In the event of any conflict or inconsistency between the Plan and this Agreement, the Plan shall govern and this Agreement shall be interpreted to minimize or eliminate
any such conflict or inconsistency. 
 3. Non-Qualified Stock Option. The Option is not intended to be an incentive
stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. 
 4. Vesting.
Subject to earlier termination in accordance with the Plan or this Agreement and the terms and conditions herein or therein, the Option shall vest and become exercisable with respect to
            % of the shares covered thereby on each of the             anniversaries of the Grant Date; provided, however, that
the exercisability of any portion of the Option relating to a fractional share shall be deferred until such time, if any, that such portion can be exercised as a whole Common Share. 

5. Term. The Option shall expire and no longer be exercisable 10 years from the Grant Date, subject to earlier termination in
accordance with the Plan or this Agreement. 
 6. Termination of Service. 

(a) Termination of Service Other than for Cause, Death, Disability or Voluntary Termination. If, prior to vesting, the
Optionee’s Service is terminated or the Optionee retires in accordance with the Company’s retirement policies, the Option shall be considered vested and be immediately exercisable as of the date of such termination of Service with respect
to the aggregate number of Common Shares as to which the Option would have been vested as of December 31 of the year in which such termination of Service occurs. The Optionee shall have the right, subject to the other terms and conditions set
forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of such termination of Service, at any time within 180 days after the date of such termination of Service, subject to the earlier expiration of
the Option as provided in Section 5 hereof. To the extent the vested portion of the Option is not exercised within such 180 day period, the Option shall be cancelled and revert back to the Company and the Optionee shall have no further right or
interest therein. The unvested portion of any Option shall be cancelled and revert back to the Company as of the date of the Optionee’s termination of Service and the Optionee shall have no further right or interest therein. In no event shall
this Section 6(a) apply if the termination of Service is (i) for Cause, (ii) by reason of death or Disability or (iii) as a result of a Voluntary Termination. 

 (b) Termination of Service for Cause; Voluntary Termination. If, prior to
vesting, (i) the Optionee’s Service is terminated by the Company or any of its Subsidiaries for Cause, or (ii) Optionee terminates Service under circumstances constituting a Voluntary Termination, the unvested portion of the Option
shall be cancelled and revert back to the Company as of the date of such termination of Service, and the Optionee shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise. The Optionee
shall have the right, subject to the other terms and conditions set forth in this Agreement and the Plan, to exercise the Option, to the extent it has vested as of the date of termination of Service, at any time within three months after the date of
such termination, subject to the earlier expiration of the Option as provided in Section 5 hereof. 

(c) Termination of Service for Death or Disability. If the Optionee’s Service terminates by reason of death or
Disability, the Option shall automatically vest and become immediately exercisable in full as of the date of such termination of Service. The Option shall remain exercisable by the Optionee (or any person entitlded to do so) at any time within
12 months after the date of such termination of Service, subject to the earlier expiration of the Option as provided in Section 5 hereof. To the extent the Option is not exercised within such 12 month period, the Option shall be cancelled and
revert back to the Company and the Optionee or any permitted transferee pursuant to Section 11, as applicable, shall have no further right or interest therein. 
 (d) Effect of Employment Agreements Generally. The Company and Optionee agree that notwithstanding anything to the contrary in any Employment Agreement, the terms of an Employment
Agreement expressly defining whether and in what manner (including upon termination of employment) the unvested portion of an Option shall vest, be exerciseable or be cancelled shall not control over the terms of this Agreement, and shall be
disregarded in their entirety with respect to the terms of this Award. 
 7. Change in Control. Upon the occurrence
of a Change in Control, the Option shall automatically vest and become immediately exercisable in full and shall remain exercisable in accordance with the terms of Section 6 hereof, subject to the earlier expiration of the Option as provided in
Section 5 hereof. 
 8. Method of Exercising Option. 

(a) Notice of Exercise. Subject to the terms and conditions of this Agreement, the Option may be exercised by written or
electronic notice to the Company, from the Optionee or a person who proves to the Company’s satisfaction that he or she is entitled to do so, stating the number of Common Shares in respect of which the Option is being exercised and specifying
how such Common Shares should be registered (e.g., in Optionee’s name only or in Optionee’s and his or her spouse’s names as joint tenants with right of survivorship). Such notice shall be accompanied by payment of the Exercise Price
for all Common Shares purchased pursuant to the exercise of such Option. The date of exercise of the Option shall be the later of (i) the date on which the Company receives the notice of exercise or (ii) the date on which the conditions
set forth in Sections 8(b) and 8(e) are satisfied. Notwithstanding any other provision of this Agreement, the Optionee may not exercise the Option and no Common Shares will be issued by the Company with respect to any attempted exercise when such
exercise is prohibited by law or any Company policy then in effect. The Option may not be exercised at any one time as to less than 100 shares (or such number of shares as to which the Option is then exercisable if less than 100). In no event shall
the Option be exercisable for a fractional share. 
 (b) Payment. Prior to the issuance of the Common Shares
pursuant to Section 8(e) hereof in respect of which all or a portion of the Option shall have been exercised, the Optionee shall have paid to the Company the Exercise Price for all Common Shares purchased pursuant to the exercise of such
Option. Payment may be made by personal check, bank draft or postal or express money order (such modes of payment are collectively referred to as “cash”) payable to the order of the Company in U.S. dollars. Payment may also be made in
mature Common Shares owned by the Optionee, or in any combination of cash or such mature shares as the Committee in its sole discretion may approve. The Company may also permit the Optionee to pay for such Common Shares by directing the Company to
withhold Common Shares that would otherwise be received by the Optionee, pursuant to such rules as the Committee may establish from time to time. In the discretion of the Committee, and in accordance with rules and procedures established by the
Committee, the Optionee may be permitted to make a “cashless” exercise of all or a portion of the Option. 

 (c) Shareholder Rights. The Optionee shall have no rights as a shareholder with
respect to any Common Shares issuable upon exercise of the Option until the Optionee shall become the holder of record thereof, and no adjustment shall be made for dividends or distributions or other rights in respect of any Common Shares for which
the record date is prior to the date upon which the Optionee shall become the holder of record thereof. 

(d) Limitation on Exercise. The Option shall not be exercisable unless the offer and sale of Common Shares pursuant thereto
has been registered under the Securities Act of 1933, as amended (the “1933 Act”), and qualified under applicable state “blue sky” laws or the Company has determined that an exemption from registration under the
1933 Act and from qualification under such state “blue sky” laws is available. 
 (e) Issuance of Common
Shares. The issuance of all Common Stock purchased pursuant to the exercise of this Option shall be evidenced in such a manner as the Company, in its discretion, will deem appropriate, including, without limitation, book-entry registration or
issuance of one or more stock certificates. 
 9. Adjustment of and Changes in Common Shares. In the event of any
merger, consolidation, recapitalization, reclassification, stock dividend, extraordinary dividend, or other event or change in corporate structure affecting the Common Shares, the Committee shall make such adjustments, if any, as it deems
appropriate in the number and class of shares subject to, and the exercise price of, the Option. The foregoing adjustments shall be determined by the Committee in its sole discretion. 

10. Tax Withholding. The Company shall have the right, prior to the issuance of any Common Shares upon full or partial
exercise of the Option (whether by the Optionee or any person entitlded to do so), to require the Optionee to remit to the Company any amount sufficient to satisfy the minimum required federal, state or local tax withholding requirements, as well as
all applicable withholding tax requirements of any other country or jurisdiction. The Company may permit the Optionee to satisfy, in whole or in part, such obligation to remit taxes, by directing the Company to withhold Common Shares that would
otherwise be received by the Optionee, pursuant to such rules as the Committee may establish from time to time. The Company shall also have the right to deduct from all cash payments made pursuant to, or in connection with, the Option, the minimum
federal, state or local taxes required to be withheld with respect to such payments. 
 11. Transfers. Except as
provided in this Section 11, during Optionee’s lifetime, only Optionee (or in the event of Optionee’s legal incapacity or incompetency, his or her guardian or legal representative) may exercise the Option, and the Option shall not be
assignable or transferable by Optionee, other than by designation of beneficiary, will or the laws of descent and distribution. Optionee may transfer all or part of this Option, not for value, to any Family Member, provided that Optionee provides
prior written notice to the Company, of such transfer. For the purpose of this section, a “not for value” transfer is a transfer which is (i) a gift, (ii) a transfer under a domestic relations order in settlement of marital
property rights, or (iii) a transfer to an entity in which more than fifty percent (50%) of the voting interests are owned by Family Members (or Optionee) in exchange for an interest in such entity. Subsequent transfers of transferred
portions of the Option are prohibited except to Optionee’s Family Members in accordance with this Section 11 or by will or the laws of descent and distribution. In the event of Optionee’s termination of service, this Agreement shall
continue to be applied with respect to Optionee, following which the Option shall be exercisable by the transferee only to the extent, and for the periods specified herein. 
 12. Prohibition on Repricing. The Agreement may not be amended to (a) reduce the Exercise Price of the Option granted hereunder, nor (b) cancel or replace the
Option hereunder with an Option having a lower exercise price. 
 13. Miscellaneous Provisions. 

(a) Notices. Any notice required by the terms of this Agreement shall be delivered or made electronically, over the Internet
or otherwise (with request for assurance of receipt in a manner typical with respect to communications of that type), or given in writing. Any notice given in writing shall be deemed effective upon personal delivery or upon deposit with the
United States Postal Service, by registered or certified mail, with postage and fees prepaid, and shall be addressed to the Company at its principal executive office and to the Optionee at the address that he or she has most recently provided to the
Company. Any notice given electronically shall be deemed effective on the date of transmission. 

 (b) Headings. The headings of sections and subsections are included solely for
convenience of reference and shall not affect the meaning of the provisions of this Agreement. 
 (c) Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

(d) Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties hereto with regard to
the subject matter hereof. They supersede all other agreements, representations or understandings (whether oral or written and whether express or implied) that relate to the subject matter hereof. In the event the Optionee has an Employment
Agreement, any conflicts or ambiguities shall be resolved first by reference to the Plan, then to this Agreement, and finally to the Employment Agreement. In the event such conflict or ambiguity cannot be resolved by reference to the Plan,
reference shall be made to this Agreement. Finally, and only in the event such conflict or ambiguity cannot be resolved by reference to the Plan and this Agreement, reference shall be made to the Employment Agreement. 

(e) Amendments. The Board and the Committee shall have the power to alter or amend the terms of the Option as set forth
herein from time to time, in any manner consistent with the provisions of Sections 5.3 and 18.10 of the Plan, and any alteration or amendment of the terms of the Option by the Board or the Committee shall, upon adoption, become and be binding on all
persons affected thereby without requirement for consent or other action with respect thereto by any such person. The Committee shall give notice to the Optionee of any such alteration or amendment as promptly as practicable after the adoption
thereof. The foregoing shall not restrict the ability of the Optionee and the Board or the Committee by mutual written consent to alter or amend the terms of the Option in any manner which is consistent with the Plan. 

(f) Binding Effect. This Agreement shall be binding upon the heirs, executors, administrators and successors of the parties
hereto and may only be amended by written agreement of the parties hereto. 
 (g) Governing Law. This Agreement
shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to the choice of law provisions thereof. 
 (h) No Employment or Other Rights. This Option grant does not confer upon the Optionee any right to be continued in the employment of, or otherwise provide Services to, the Company or any
Subsidiary or other affiliate thereof, or interfere with or limit in any way the right of the Company or any Subsidiary or other affiliate thereof to terminate such Optionee’s employment at any time. For purposes of this Agreement only, the
term “employment” shall include circumstances under which Optionee provides consulting or other Services to the Company or any of its Subsidiaries as an independent contractor, but such Optionee is not, nor shall be considered, an
employee; provided, however, nothing in this Section 13(h) or this Agreement shall create an employment relationship between such person and the Company or its applicable Subsidiary, as the usages described in this Section are for convenience
only. 
 15. Definitions. For purposes of this Agreement, the following capitalized words shall have the meanings
set forth below. 
 “Employment Agreement” shall mean a written employment, change in control or change
of control, or other similar agreement between the Optionee and the Company and/or a Subsidiary. 
 “Voluntary
Termination” shall occur when the Optionee voluntarily ceases Service for any reason or no reason (e.g., the Optionee elects to cease being an employee or director or providing consulting services or the Optionee resigns or quits). For
the avoidance of doubt, a Voluntary Termination shall not occur as a result of termination of Service as a result of death, Disability (as provided hereunder), or termination for “good reason” or similar words (to the extent permitted
pursuant to an Employment Agreement) or as the result of the Optionee’s retirement in accordance with the Company’s retirement policies. 

 EXECUTED as of the date first written above. 

 

					
	COMPANY:	 		 	ORTHOFIX INTERNATIONAL N.V.
			
		 		 	By:                            
                                         
         
		 		 	Name:
		 		 	Title:
			
	OPTIONEE:	 		 	
		 		 	By:                            
                                         
         
		 		 	Name:
		 		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]