Document:

exv10w2

 

    Exhibit
10.2

 

    THERMO
    FISHER SCIENTIFIC INC.

 

 2008
    ANNUAL INCENTIVE AWARD PLAN

 

 

    I.     General Purpose of Plan

 

        The Thermo Fisher Scientific Inc. 2008
    Annual Incentive Award Plan is designed to assist the
    Corporation and its Subsidiaries in attracting, retaining and
    providing incentives to Eligible Employees and to promote the
    identification of their interests with those of the
    Corporation’s shareholders by providing for the payment of
    Incentive Awards subject to the achievement of specified
    Performance Goals.

 

    II.     Definitions

 

        Terms not otherwise defined herein shall
    have the following meanings:

 

        A.     “Award
    Period” means the calendar year, except to the extent the
    Committee determines otherwise.

 

        B.     “Board”
    means the Board of Directors of the Corporation.

 

        C.     “Code”
    means the Internal Revenue Code of 1986, as amended.

 

        D.     “Committee”
    means the Compensation Committee of the Board, or any other
    committee appointed by the Board to administer the Plan.

 

        E.     “Corporation”
    means Thermo Fisher Scientific Inc., a Delaware corporation, and
    its successors and assigns and any corporation which shall
    acquire substantially all of its assets.

 

        F.     “Covered
    Employee” means a “covered employee” within the
    meaning of Section 162(m) of the Code.

 

        G.     “Eligible
    Employee” means an employee described in Section IV
    hereof.

 

        H.     “Incentive
    Award” means a contingent award made to a Participant that,
    subject to Section V hereof, entitles the Participant to
    cash payment to reflect the relative level of attainment of
    Performance Goals established by the Committee for an Award
    Period and such other factors as the Committee may determine.

 

        I.     “Participant”
    means any Eligible Employee who receives an Incentive Award
    under the Plan for an Award Period.

 

        J.     “Performance
    Goals” means (a) earnings per share, (b) return
    on average equity in relation to a peer group of companies
    designated by the Corporation (the “Peer Group”),
    (c) return on average assets in relation to the Peer Group,
    or (d) such other performance goals as may be established
    by the Committee which may be based on earnings, earnings
    growth, earnings before interest, taxes, and amortization
    (EBITA), operating income, operating margins, revenues,
    expenses, stock price, market share, charge-offs, reductions in
    non-performing assets, return on assets, equity or investment,
    regulatory compliance, satisfactory internal or external audits,
    improvement of financial ratings, achievement of balance sheet
    or income statement objectives, net cash provided from
    continuing operations, stock price appreciation, total
    shareholder return, cost control, strategic initiatives, market
    share, pre- or after-tax income, or any other objective goals
    established by the Committee, and may be absolute in their terms
    or measured against or in relationship to other companies
    comparably, similarly or otherwise situated. Such performance
    goals may be particular to a Participant or the division,
    department, branch, line of business, Subsidiary or other unit
    in which the Participant works, or may be based on the
    performance of the Corporation generally, and may cover such
    period as may be specified by the Committee. The Committee may
    specify that such Performance Goals shall be applied by
    excluding the impact of restructurings, discontinued operations,
    extraordinary items, cost of revenues charges associated with
    acquisitions or restructurings, other unusual or non-recurring
    items, and the cumulative effects of accounting changes.

 

        K.     “Plan”
    means the Thermo Fisher Scientific Inc. 2008 Annual Incentive
    Award Plan.

 

    2

 

        L.     “Subsidiary”
    means a corporation of which at least 50% of the total combined
    voting power of all classes of stock is owned by the
    Corporation, either directly or through one or more other
    Subsidiaries.

 

    III.     Administration

 

        The Plan shall be administered by the
    Committee. The Committee shall have plenary authority, in its
    discretion, to determine the terms of all Incentive Awards,
    including, without limitation, the Eligible Employees to whom,
    and the time or times at which, Incentive Awards are made, the
    Award Period to which each Incentive Award shall relate, the
    actual dollar amount to be paid pursuant to an Incentive Award,
    the Performance Goals to which payment of Incentive Awards will
    be subject, and when payments pursuant to Incentive Awards shall
    be made (which payments may, without limitation, be made during
    or after an Award Period on a deferred basis or in
    installments). In making such determinations, the Committee may
    take into account the nature of the services rendered by the
    respective Eligible Employees, their present and potential
    contributions to the success of the Corporation and its
    Subsidiaries, and such other factors as the Committee in its
    discretion shall deem relevant. Subject to the express
    provisions of the Plan, the Committee shall have plenary
    authority to interpret the Plan, to prescribe, amend and rescind
    rules and regulations relating to it and to make all other
    determinations deemed necessary or advisable for the
    administration of the Plan. The determinations of the Committee
    pursuant to its authority under the Plan shall be conclusive and
    binding.

 

    IV.     Eligibility

 

        Incentive Awards may be granted only to
    executive officers of the Corporation or a Subsidiary.

 

    V.     Incentive Awards; Terms of
    Awards; Payment

 

        A.     The
    Committee shall, in its sole discretion, determine which
    Eligible Employees shall receive Incentive Awards. For each
    Award Period with respect to which the Committee determines to
    make Incentive Awards, the Committee shall by resolution
    establish one or more Performance Goals applicable to such
    Incentive Awards and the other terms and conditions of the
    Incentive Awards. Such Performance Goals and other terms and
    conditions shall be established by the Committee in its sole
    discretion as it shall deem appropriate and in the best
    interests of the Corporation and shall be established
    (1) within 90 days after the first day of the Award
    Period and (2) before 25% of the Award Period has elapsed.

 

        B.     After
    the end of each Award Period for which the Committee has granted
    Incentive Awards, the Committee shall determine the extent to
    which the Performance Goals established by the Committee for the
    Award Period have been achieved and shall authorize the
    Corporation to make Incentive Award payments to Participants in
    accordance with the terms of the Incentive Awards. In no event
    shall the amount paid to a Participant in accordance with the
    terms of an Incentive Award by reason of Performance Goal
    achievement exceed $5,000,000 in any calendar year. Unless
    otherwise determined by the Committee, no Incentive Award
    payments shall be made to a Participant unless the Participant
    is employed by the Corporation or a Subsidiary as of the end of
    the Award Period.

 

        C.     The
    Committee may at any time, in its sole discretion, cancel an
    Incentive Award or eliminate or reduce (but not increase) the
    amount payable pursuant to the terms of an Incentive Award
    without the consent of a Participant.

 

        D.     Incentive
    Award payments shall be subject to applicable federal, state and
    local withholding taxes and other applicable withholding in
    accordance with the Corporation’s payroll practices as from
    time-to-time in effect.

 

        E.     The
    Committee shall have the power to impose such other restrictions
    on Incentive Awards as it may deem necessary or appropriate to
    ensure that such Incentive Awards satisfy all requirements for
    “performance-based compensation” within the meaning of
    Section 162(m)(4)(C) of the Code, or any successor
    provision thereto.

 

    VI.     Transferability

 

        Incentive Awards shall not be subject to
    the claims of creditors and may not be assigned, alienated,
    transferred or encumbered in any way other than by will or
    pursuant to the laws of descent and distribution.

 

    3

 

    VII.     Termination or Amendment

 

        The Committee may amend, modify or
    terminate the Plan in any respect at any time without the
    consent of Participants, provided that (a) no amendment or
    termination of the Plan after the end of an Award Period may
    adversely affect the rights of Participants with respect to
    their Incentive Awards for that Award Period, and (b) no
    amendment which would require shareholder approval under
    Section 162(m) of the Code may be effected without such
    shareholder approval.

 

    VIII.     Effectiveness of Plan and
    Awards

 

        The Plan and Incentive Awards granted
    hereunder shall be void ab initio unless the Plan is approved by
    a vote of the Corporation’s shareholders at the first
    shareholders’ meeting of the Corporation following adoption
    of the Plan by the Committee.

 

    IX.     Effective Date; Term of the Plan

 

        The Plan shall be effective as of
    January 1, 2008.  Unless sooner terminated by the
    Committee pursuant to Section 7, to the extent necessary to
    ensure that Incentive Award payments made to Covered Employees
    may be deductible for federal income tax purposes, the Plan
    shall terminate as of the date of the first meeting of the
    Corporation’s shareholders occurring during 2013, unless
    the term of the Plan is extended and reapproved at such
    shareholders’ meeting. No Incentive Awards may be awarded
    under the Plan after its termination. Termination of the Plan
    shall not affect any Incentive Awards outstanding on the date of
    termination and such awards shall continue to be subject to the
    terms of the Plan notwithstanding its termination.

 

    X.     General Provisions

 

        A.     The
    establishment of the Plan shall not confer upon any Eligible
    Employee any legal or equitable right against the Corporation or
    any Subsidiary, except as expressly provided in the Plan.

 

        B.     The Plan
    does not constitute an inducement or consideration for the
    employment of any Eligible Employee, nor is it a contract
    between the Corporation, or any Subsidiary and any Eligible
    Employee. Participation in the Plan shall not give an Eligible
    Employee any right to be retained in the employ of the
    Corporation or any Subsidiary.

 

        C.     Nothing
    contained in this Plan shall prevent the Committee from adopting
    other or additional compensation arrangements, subject to
    shareholder approval if such approval is required, and such
    arrangements may be either generally applicable or applicable
    only in specific cases.

 

        D.     The Plan
    shall be governed, construed and administered in accordance with
    the laws of the State of Delaware.exv10w1

Exhibit 10.1

ASPECT MEDICAL SYSTEMS, INC.

2001 STOCK INCENTIVE PLAN

1. Purpose

     The purpose of this 2001 Stock Incentive Plan (the “Plan”) of Aspect Medical Systems, Inc., a
Delaware corporation (the “Company”), is to advance the interests of the Company’s stockholders by
enhancing the Company’s ability to attract, retain and motivate persons who make (or are expected
to make) important contributions to the Company by providing such persons with equity ownership
opportunities and performance-based incentives and thereby better aligning the interests of such
persons with those of the Company’s stockholders. Except where the context otherwise requires, the
term “Company” shall include any of the Company’s present or future parent or subsidiary
corporations as defined in Sections 424(e) or (f) of the Internal Revenue Code of 1986, as amended,
and any regulations promulgated thereunder (the “Code”) and any other business venture (including,
without limitation, joint venture or limited liability company) in which the Company has a
significant interest, as determined by the Board of Directors of the Company (the “Board”).

2. Eligibility

     All of the Company’s employees, officers, directors, consultants and advisors (and any
individuals who have accepted an offer for employment) are eligible to be granted options or
restricted stock awards (each, an “Award”) under the Plan. Each person who has been granted an
Award under the Plan shall
be deemed a “Participant”.

3. Administration and Delegation

     (a) Administration by Board of Directors. The Plan will be administered by the Board. The
Board shall have authority to grant Awards and to adopt, amend and repeal such administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable. The Board may
correct any defect, supply any
omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it
shall deem expedient to carry the Plan into effect and it shall be the sole and final judge of such
expediency. All decisions by the Board shall be made in the Board’s sole discretion and shall be
final and binding on
all persons having or claiming any interest in the Plan or in any Award. No director or person
acting pursuant to the authority delegated by the Board shall be liable for any action or
determination relating to or under the Plan made in good faith.

     (b) Appointment of Committees. To the extent permitted by applicable law, the Board may
delegate any or all of its powers under the Plan to one or more committees or subcommittees of the
Board (a “Committee”). All references in the Plan to the “Board” shall mean the Board or a
Committee of the Board to the extent that the Board’s powers or authority under the Plan have been
delegated
to such Committee.

4. Stock Available for Awards

     (a) Number of Shares. Subject to adjustment under Section 7, Awards may be made under the Plan
for up to 2,000,000 shares of common stock, $0.01 par value per share, of the Company (the “Common
Stock”). If any Award expires or is terminated, surrendered or canceled without having been fully
exercised or is forfeited in whole or in part (including as the result of shares of Common Stock
subject to such Award being repurchased by the Company at the original issuance price pursuant to a
contractual

 

 

repurchase right) or results in any Common Stock not being issued, the unused Common Stock covered
by such Award shall again be available for the grant of Awards under the Plan, subject, however, in
the case of Incentive Stock Options (as hereinafter defined), to any limitations under the Code.
Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or
treasury shares.

     (b) Per-Participant Limit. Subject to adjustment under Section 7, the maximum number of shares
of Common Stock with respect to which Awards may be granted to any Participant under the Plan shall
be 250,000 per calendar year. The per-Participant limit described in this Section 4(b) shall be
construed and
applied consistently with Section 162(m) of the Code (“Section 162(m)”).

5. Stock Options

     (a) General. The Board may grant options to purchase Common Stock (each, an “Option”) and
determine the number of shares of Common Stock to be covered by each Option, the exercise price of
each Option and the conditions and limitations applicable to the exercise of each Option, including
conditions relating to applicable federal or state securities laws, as it considers necessary or
advisable. An Option which is not intended to be an Incentive Stock Option (as hereinafter defined)
shall be designated a “Nonstatutory Stock Option”.

     (b) Incentive Stock Options. An Option that the Board intends to be an “incentive stock
option” as defined in Section 422 of the Code (an “Incentive Stock Option”) shall only be granted
to employees of the Company and shall be subject to and shall be construed consistently with the
requirements of Section
422 of the Code. The Company shall have no liability to a Participant, or any other party, if an
Option (or any part thereof) which is intended to be an Incentive Stock Option is not an Incentive
Stock Option.

     (c) Exercise Price. The Board shall establish the exercise price at the time each Option is
granted and specify it in the applicable option agreement.

     (d) Duration of Options. Each Option shall be exercisable at such times and subject to such
terms and conditions as the Board may specify in the applicable option agreement; provided,
however, that no Option will be granted for a term in excess of ten (10) years.

     (e) Exercise of Option. Options may be exercised by delivery to the Company of a written
notice of exercise signed by the proper person or by any other form of notice (including electronic
notice) approved by the Board together with payment in full as specified in Section 5(f) for the
number of
shares for which the Option is exercised.

     (f) Payment Upon Exercise. Common Stock purchased upon the exercise of an Option granted under
the Plan shall be paid for as follows:

          (1) in cash or by check, payable to the order of the Company;

          (2) except as the Board may, in its sole discretion, otherwise provide in an option agreement,
by (i) delivery of an irrevocable and unconditional undertaking by a creditworthy broker to deliver
promptly to the Company sufficient funds to pay the exercise price and any required tax withholding
or (ii) delivery by the Participant to the Company of a copy of irrevocable and unconditional
instructions to a creditworthy broker to deliver promptly to the Company cash or a check sufficient
to pay the exercise price and any required tax withholding;

          (3) by delivery of shares of Common Stock owned by the Participant valued at their fair market
value as determined by (or in a manner approved by) the Board in good faith (“Fair Market

 

 

Value”), provided (i) such method of payment is then permitted under applicable law and (ii) such Common
Stock, if acquired directly from the Company was owned by the Participant at least six months prior to such delivery;

          (4) to the extent permitted by the Board, in its sole discretion by (i) delivery of a
promissory note of the Participant to the Company on terms determined by the Board, or (ii) payment
of such other lawful consideration as the Board may determine; or

          (5) by any combination of the above permitted forms of payment.

     (g) Substitute Options. 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 Board may grant
Options in substitution for any options or other stock or stock-based awards granted by such entity
or an affiliate
thereof (“Substitute Options”). Substitute Options may be granted on such terms as the Board deems
appropriate in the circumstances, notwithstanding any limitations on Options contained in the other
sections of this Section 5 or in Section 2.

6. Restricted Stock.

     (a) Grants. The Board may grant Awards entitling recipients to acquire shares of Common Stock,
subject to the right of the Company to repurchase all or part of such shares at their issue price
or other stated or formula price (or to require forfeiture of such shares if issued at no cost)
from the recipient in
the event that conditions specified by the Board in the applicable Award are not satisfied prior to
the end of the applicable restriction period or periods established by the Board for such Award
(each, a “Restricted Stock Award”).

     (b) Terms and Conditions. The Board shall determine the terms and conditions of any such
Restricted Stock Award, including the conditions for repurchase (or forfeiture) and the issue
price, if any.

     (c) Stock Certificates. Any stock certificates issued in respect of a Restricted Stock Award
shall be registered in the name of the Participant and, unless otherwise determined by the Board,
deposited by the Participant, together with a stock power endorsed in blank, with the Company (or
its designee). At the
expiration of the applicable restriction periods, the Company (or such designee) shall deliver the
certificates no longer subject to such restrictions to the Participant or if the Participant has
died, to the beneficiary designated, in a manner determined by the Board, by a Participant to
receive amounts due or exercise rights of the Participant in the event of the Participant’s death (the “Designated
Beneficiary”). In the absence of an effective designation by a Participant, Designated Beneficiary
shall mean the Participant’s estate.

7. Adjustments for Changes in Common Stock and Certain Other Events

     (a) Changes in Capitalization. In the event of any stock split, reverse stock split, stock
dividend, recapitalization, combination of shares, reclassification of shares, spin-off or other
similar change in capitalization or event, or any distribution to holders of Common Stock other
than a normal cash dividend, (i) the number and class of securities available under this Plan, (ii)
the per-Participant limit set forth in Section 4(b), (iii) the number and class of securities and
exercise price per share subject to each outstanding Option, and (iv) the repurchase price per
share subject to each outstanding Restricted Stock Award shall be appropriately adjusted by the
Company (or substituted Awards may be made, if applicable) to the extent the Board shall determine,
in good faith, that such an adjustment (or substitution) is necessary and appropriate. If this
Section 7(a) applies and Section 7(c) also applies to any event, Section 7(c) shall be applicable
to such event, and this Section 7(a) shall not be applicable.

 

 

     (b) Liquidation or Dissolution. In the event of a proposed liquidation or dissolution of the
Company, the Board shall upon written notice to the Participants provide that all then unexercised
Options will (i) become exercisable in full as of a specified time at least 10 business days prior
to the effective date of such liquidation or dissolution and (ii) terminate effective upon such
liquidation or dissolution, except to the extent exercised before such effective date. The Board
may specify the effect of a liquidation or
dissolution on any Restricted Stock Award granted under the Plan at the time of the grant.

     (c) Reorganization Events

          (1) Definition. A “Reorganization Event” shall mean: (a) any merger or consolidation of the
Company with or into another entity as a result of which all of the Common Stock of the Company is
converted into or exchanged for the right to receive cash, securities or other property or (b) any
exchange
of all of the Common Stock of the Company for cash, securities or other property pursuant to a
share exchange transaction.

          (2) Consequences of a Reorganization Event on Options. Upon the occurrence of a Reorganization
Event, or the execution by the Company of any agreement with respect to a Reorganization Event, the
Board shall provide that all outstanding Options shall be assumed, or equivalent options shall be
substituted, by the acquiring or succeeding corporation (or an affiliate
thereof). For purposes hereof, an Option shall be considered to be assumed if, following
consummation of the Reorganization Event, the Option confers the right to purchase, for each share
of Common Stock subject to the Option immediately prior to the consummation of the Reorganization
Event, the consideration (whether cash, securities or other property) received as a result of the
Reorganization Event by holders of Common Stock for each share of Common Stock held immediately
prior to the consummation of the Reorganization Event (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding
shares of Common Stock);
provided, however, that if the consideration received as a result of the Reorganization Event is
not solely common stock of the acquiring or succeeding corporation (or an affiliate thereof), the
Company may, with the consent of the acquiring or succeeding corporation, provide for the
consideration to be
received upon the exercise of Options to consist solely of common stock of the acquiring or
succeeding corporation (or an affiliate thereof) equivalent in fair market value to the per share
consideration received by holders of outstanding shares of Common Stock as a result of the
Reorganization Event.

     Notwithstanding the foregoing, if the acquiring or succeeding corporation (or an affiliate
thereof) does not agree to assume, or substitute for, such Options, then the Board shall, upon
written notice to the
Participants, provide that all then unexercised Options will become exercisable in full as of a
specified time prior to the Reorganization Event and will terminate immediately prior to the
consummation of such Reorganization Event, except to the extent exercised by the Participants
before the consummation of
such Reorganization Event; provided, however, that in the event of a Reorganization Event under the
terms of which holders of Common Stock will receive upon consummation thereof a cash payment for
each share of Common Stock surrendered pursuant to such Reorganization Event (the “Acquisition
Price”), then the Board may instead provide that all outstanding Options shall terminate upon
consummation of such Reorganization Event and that each Participant shall receive, in exchange
therefor, a cash payment equal to the amount (if any) by which (A) the Acquisition Price multiplied
by the number of shares of Common Stock subject to such outstanding Options (whether or not then
exercisable), exceeds (B) the aggregate exercise price of such Options. To the extent all or any
portion of an Option becomes exercisable solely as a result of the first sentence of this
paragraph, upon exercise of such Option the Participant shall receive shares subject to a right of
repurchase by the Company or its successor

 

 

at the Option exercise price. Such repurchase right (1) shall lapse at the same rate as the Option
would have become exercisable under its terms and (2) shall not apply to any shares subject to the
Option that were exercisable under its terms without regard to the first sentence of this
paragraph.

          (3) Consequences of a Reorganization Event on Restricted Stock Awards. Upon the occurrence of
a Reorganization Event, the repurchase and other rights of the Company under each outstanding
Restricted Stock Award shall inure to the benefit of the Company’s successor and shall apply to the
cash, securities or other property which the Common Stock was converted into or exchanged for
pursuant to such Reorganization Event in the same manner and to the same extent as they applied to
the Common Stock subject to such Restricted Stock Award.

8. General Provisions Applicable to Awards

     (a) Transferability of Awards. Except as the Board may otherwise determine or provide in an
Award, Awards shall not be sold, assigned, transferred, pledged or otherwise encumbered by the
person to whom they are granted, either voluntarily or by operation of law, except by will or the
laws of descent and distribution, and, during the life of the Participant, shall be exercisable
only by the Participant. References to a Participant, to the extent relevant in the context, shall
include references to authorized transferees.

     (b) Documentation. Each Award shall be evidenced in such form (written, electronic or
otherwise) as the Board shall determine, such written instrument may be in the form of an agreement
signed by the Company and the Participant or a written confirming memorandum to the Participant
from the Company. Each Award may contain terms and conditions in addition to those set forth in the
Plan.

     (c) Board Discretion. Except as otherwise provided by the Plan, each Award may be made alone
or in addition or in relation to any other Award. The terms of each Award need not be identical,
and the Board need not treat Participants uniformly.

     (d) Termination of Status. The Board shall determine the effect on an Award of the disability,
death, retirement, authorized leave of absence or other change in the employment or other status of
a Participant and the extent to which, and the period during which, the Participant, the
Participant’s legal representative, conservator, guardian or Designated Beneficiary may exercise
rights under the Award.

     (e) Withholding. Each Participant shall pay to the Company, or make provision satisfactory to
the Board for payment of, any taxes required by law to be withheld in connection with Awards to
such Participant no later than the date of the event creating the tax liability. Except as the
Board may otherwise
provide in an Award, Participants may satisfy such tax obligations in whole or in part by delivery
of shares of Common Stock, including shares retained from the Award creating the tax obligation,
valued at their Fair Market Value; provided, however, that the total tax withholding where stock is
being used to
satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations
(based on minimum statutory withholding rates for federal and state tax purposes, including payroll
taxes, that are applicable to such supplemental taxable income). The Company may, to the extent
permitted by
law, deduct any such tax obligations from any payment of any kind otherwise due to a Participant.

     (f) Amendment of Award. The Board may amend, modify or terminate any outstanding Award,
including but not limited to, substituting therefor another Award of the same or a different type,
changing the date of exercise or realization, and converting an Incentive Stock Option to a
Nonstatutory Stock
Option, provided that the Participant’s consent to such action shall be required unless the Board
determines that the action, taking into account any related action, would not materially and
adversely affect the Participant.

 

 

     (g) Conditions on Delivery of Stock. The Company will not be obligated to deliver any shares
of Common Stock pursuant to the Plan or to remove restrictions from shares previously delivered
under the Plan until (i) all conditions of the Award have been met or removed to the satisfaction
of the Company, (ii) in the opinion of the Company’s counsel, all other legal matters in connection
with the issuance and delivery of such shares have been satisfied, including any applicable
securities laws and any applicable stock exchange or stock market rules and regulations, and (iii)
the Participant has executed and delivered to the Company such representations or agreements as the
Company may consider appropriate to satisfy the requirements of any applicable laws, rules or
regulations.

     (h) Acceleration. The Board may at any time provide that any Award shall become immediately
exercisable in full or in part, free of some or all restrictions or conditions, or otherwise
realizable in full or in part, as the case may be.

9. Miscellaneous

     (a) No Right To Employment or Other Status. No person shall have any claim or right to be
granted an Award, and the grant of an Award shall not be construed as giving a Participant the
right to continued employment or any other relationship with the Company. The Company expressly
reserves the right at any time to dismiss or otherwise terminate its relationship with a
Participant free from any liability or claim under the Plan, except as expressly provided in the
applicable Award.

     (b) No Rights As Stockholder. Subject to the provisions of the applicable Award, no
Participant or Designated Beneficiary shall have any rights as a stockholder with respect to any
shares of Common Stock to be distributed with respect to an Award until becoming the record holder
of such shares.
Notwithstanding 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 such 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 an 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 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.

     (c) Effective Date and Term of Plan. The Plan shall become effective on the date on which it
is adopted by the Board, but no Award granted to a Participant that is intended to comply with
Section 162(m) shall become exercisable, vested or realizable, as applicable to such Award, unless
and until
the Plan has been approved by the Company’s stockholders to the extent stockholder approval is
required by Section 162(m) in the manner required under Section 162(m) (including the vote required
under Section 162(m)). No Awards shall be granted under the Plan after the completion of ten years
from the
earlier of (i) the date on which the Plan was adopted by the Board or (ii) the date the Plan was
approved by the Company’s stockholders, but Awards previously granted may extend beyond that date.

     (d) Amendment of Plan. The Board may amend, suspend or terminate the Plan or any portion
thereof at any time, provided that to the extent required by Section 162(m), no Award 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 Award, unless and until such
amendment shall have been approved by the Company’s stockholders as required by Section 162(m)
(including the vote required under Section 162(m)).

 

 

     (e) Governing Law. The provisions of the Plan and all Awards made hereunder shall be governed
by and interpreted in accordance with the laws of the State of Delaware, without regard to any
applicable conflicts of law.

Approved by the Board of Directors March 19, 2001.

Approved by the Stockholders May 22, 2001.

 

 

AMENDMENT NO. 1 TO 2001 STOCK INCENTIVE PLAN

     The 2001 Stock Incentive Plan of Aspect Medical Systems, Inc. is hereby amended as follows:

     1. Section 4(a) of the 2001 Stock Incentive Plan shall be deleted in its entirety and replaced with the
following:

	 	“(a)	 	 Number of Shares. Subject to
adjustment under Section 7,
Awards may be made under the
Plan for up to 4,000,000 shares
of common stock, $0.01 par value
per share, of the Company (the
“Common Stock”). If any Award
expires or is terminated,
surrendered or canceled without
having been fully exercised or
is forfeited in whole or in part
(including as the result of shares of Common Stock subject
to such Award being repurchased
by the Company at the original
issuance price pursuant to a
contractual repurchase right) or
results in any Common Stock not
being issued, the unused Common
Stock covered by such Award
shall again be available for the
grant of Awards under the Plan,
subject, however, in the case of
Incentive Stock Options (as
hereinafter defined), to any
limitations under the Code.
Shares issued under the Plan may
consist in whole or in part of
authorized but unissued shares
or treasury shares.”
	 
	 	2.	 	Except as aforesaid, the 2001 Stock Incentive Plan shall remain in full force and effect.

Approved by the Board of Directors April 6, 2004.

Approved by the Stockholders May 25, 2004.

 

 

AMENDMENT NO. 2 TO 2001 STOCK INCENTIVE PLAN

     The 2001 Stock Incentive Plan (the “2001 Stock Plan”) of Aspect Medical Systems, Inc. is
hereby amended as follows:

     1. Section 7(c) of the 2001 Stock Plan is deleted in its entirety and a new Section 7(c) is
inserted as follows:

     “(c) Acquisition and Change in Control Events

           (1) Definitions

               (a) An “Acquisition Event” shall mean:

     (i) any merger or
consolidation of the
Company with or into
another entity as a
result of which all
of the Common Stock
of the Company is
converted into or
exchanged for the
right to receive
cash, securities or
other property or is
cancelled; or

     (ii) any exchange of
all of the Common
Stock of the Company
for cash, securities
or other property
pursuant to a share
exchange transaction.

               (b) A “Change in Control Event” shall mean:

     (i) the acquisition
by an individual,
entity or group
(within the meaning
of Section 13(d)(3)
or 14(d)(2) of the
Securities Exchange
Act of 1934, as
amended (the
“Exchange Act”)) (a
“Person”) of
beneficial ownership
of any capital stock
of the Company if,
after such
acquisition, such
Person beneficially
owns (within the
meaning of Rule 13d-3
promulgated under the
Exchange Act) 30% or
more of either (x)
the then-outstanding shares of common
stock of the Company
(the “Outstanding
Company Common
Stock”) or (y) the
combined voting power
of the
then-outstanding
securities of the
Company entitled to
vote generally in the
election of directors
(the “Outstanding
Company Voting
Securities”);
provided, however,
that for purposes of
this subsection (i),
the following
acquisitions shall
not constitute a
Change in Control
Event: (A) any
acquisition directly
from the Company
(excluding an
acquisition pursuant
to the exercise,
conversion or
exchange of any
security exercisable
for, convertible into
or exchangeable for
common stock or
voting securities of
the Company, unless
the Person
exercising,
converting or
exchanging such
security acquired
such security
directly from the
Company or an
underwriter or agent
of the Company), (B)
any acquisition by
any employee benefit
plan (or related
trust) sponsored or
maintained by the
Company or any
corporation
controlled by the
Company, or (C) any
acquisition by any
corporation pursuant
to a Business
Combination (as
defined below) which
complies with clauses
(x) and (y) of
subsection (iii) of
this definition; or

     (ii) such time as the
Continuing Directors
(as defined below) do
not constitute a
majority of the Board
(or, if applicable,
the Board of
Directors of a
successor corporation
to the Company),
where the term
“Continuing Director”
means at any date a
member of the Board
(x) who was a member
of the Board on March
25, 2005 or (y) who
was nominated or
elected subsequent to
such date by at least
a majority of the
directors who were
Continuing Directors
at the time of such
nomination or
election or whose
election to the Board
was recommended or
endorsed by at least
a majority of the
directors who were
Continuing Directors
at the time of such

 

 

nomination or
election; provided,
however, that there
shall be excluded
from this clause (y)
any individual whose
initial assumption of
office occurred as a
result of an actual
or threatened
election contest with
respect to the
election or removal
of directors or other
actual or threatened
solicitation of
proxies or consents,
by or on behalf of a
person other than the
Board; or

     (iii) the
consummation of a
merger,
consolidation,
reorganization,
recapitalization or
share exchange
involving the Company
or a sale or other
disposition of all or
substantially all of
the assets of the
Company (a “Business
Combination”),
unless, immediately
following such
Business Combination,
each of the following
two conditions is
satisfied: (x) all or
substantially all of
the individuals and
entities who were the
beneficial owners of
the Outstanding
Company Common Stock
and Outstanding
Company Voting
Securities
immediately prior to
such Business
Combination
beneficially own,
directly or
indirectly, more than
50% of the
then-outstanding shares of common
stock and the
combined voting power
of the
then-outstanding
securities entitled
to vote generally in
the election of
directors,
respectively, of the
resulting or
acquiring corporation
in such Business
Combination (which
shall include,
without limitation, a
corporation which as
a result of such
transaction owns the
Company or
substantially all of
the Company’s assets
either directly or
through one or more
subsidiaries) (such
resulting or
acquiring corporation
is referred to herein
as the “Acquiring
Corporation”) in
substantially the
same proportions as
their ownership of
the Outstanding
Company Common Stock
and Outstanding
Company Voting
Securities,
respectively,
immediately prior to
such Business
Combination and (y)
no Person (excluding
any employee benefit
plan (or related
trust) maintained or
sponsored by the
Company or by the
Acquiring
Corporation)
beneficially owns,
directly or
indirectly, 30% or
more of the
then-outstanding shares of common
stock of the
Acquiring
Corporation, or of
the combined voting
power of the
then-outstanding
securities of such
corporation entitled
to vote generally in
the election of
directors (except to
the extent that such
ownership existed
prior to the Business
Combination).

     (c) “Good Reason” shall mean any reduction of 10% of more in the annual cash
compensation payable to the Participant from and after such Change in Control
(which in the case of sales personnel shall mean the average cash
compensation paid to such Participant for the two calendar years immediately
prior to such Change in Control), or the relocation of the place of business
at which the Participant is principally located to a location that is greater
than 50 miles from its location immediately prior to the Acquisition Event or
Change in Control Event.

     (d) “Cause” shall mean any (i) willful failure by the Participant, which
failure is not cured within 30 days of written notice to the Participant from
the Company, to perform his or her material responsibilities to the Company
or (ii) willful misconduct by the Participant which affects the business
reputation of the Company. The Participant shall be considered to have been
discharged for “Cause” if the Company determines, within 30 days after the
Participant’s resignation, that discharge for Cause was warranted.

     (e) “CEO” shall mean the Chief Executive Officer of the Company.

     (f) “Senior Management Employees” shall mean the executive officers of the
Company who report directly to the CEO or the Board of Directors of the
Company.

     (g) “Non-Management Employees” shall mean all of the employees of the Company
other than the CEO and the Senior Management Employees.

          (2) Effect on Options

 

 

     (a) Acquisition Event. Upon the occurrence of an Acquisition Event
(regardless of whether such event also constitutes a Change in Control
Event), or the execution by the Company of any agreement with respect to an
Acquisition Event (regardless of whether such event will result in a Change
in Control Event), the Board shall provide that all outstanding Options shall
be assumed, or equivalent options shall be substituted, by the acquiring or
succeeding corporation (or an affiliate thereof); provided that if such
Acquisition Event also constitutes a Change in Control Event, except to the
extent specifically provided to the contrary in the instrument evidencing any
Option or any other agreement between a Participant and the Company then

     (1) (i) in the case of the CEO, all of such assumed or substituted options
shall become exercisable in full upon the date which is 12 full months after
the date of the Acquisition Event; (ii) in the case of the Senior Management
Employees, all of such assumed or substituted options shall become
exercisable in full upon the date which is 15 full months after the date of
the Acquisition Event; and (iii) in the case of Non-Management Employees, the
vesting of all of such assumed or substituted options shall be accelerated by
one year such that (x) all of such assumed or substituted options which would
have been exercisable upon the date which is 12 full months after the date of
the Acquisition Event shall be immediately exercisable in full upon such
Acquisition Event and (y) the remaining shares shall, after such Acquisition
Event, continue to become vested in accordance with the vesting schedule set
forth in such option but after giving effect to the acceleration of all
vesting by one year; and

     (2) such assumed or substituted options shall become immediately exercisable
in full if, on or prior to (i) the first anniversary of the date of the
consummation of the Acquisition Event, in the case of the CEO and
Non-Management Employees and (ii) the end of 15 full months after the
Acquisition Event, in the case of Senior Management Employees, the
Participant’s employment with the Company or the acquiring or succeeding
corporation is terminated for Good Reason by the Participant or is terminated
without Cause by the Company or the acquiring or succeeding corporation.

     For purposes hereof, an Option shall be considered to be assumed if, following consummation of the Acquisition
Event, the Option confers the right to purchase, for each share of Common Stock subject to the Option immediately
prior to the consummation of the Acquisition Event, the consideration (whether cash, securities or other property)
received as a result of the Acquisition Event by holders of Common Stock for each share of Common Stock held
immediately prior to the consummation of the Acquisition Event (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Common
Stock); provided, however, that if the consideration received as a result of the Acquisition Event is not solely
common stock of the acquiring or succeeding corporation (or an affiliate thereof), the Company may, with the
consent of the acquiring or succeeding corporation, provide for the consideration to be received upon the exercise
of Options to consist solely of common stock of the acquiring or succeeding corporation (or an affiliate thereof)
equivalent in value (as determined by the Board) to the per share consideration received by holders of outstanding
shares of Common Stock as a result of the Acquisition Event.

     Notwithstanding the foregoing, if the acquiring or succeeding corporation (or an affiliate thereof) does not agree
to assume, or substitute for, such Options, then the Board shall, upon written notice to the Participants, provide
that all then unexercised Options will become exercisable in full as of a specified time prior to the Acquisition
Event and will terminate immediately prior to the consummation of such Acquisition Event, except to the extent
exercised by the Participants before the consummation of such Acquisition Event; provided, however, that in the
event of an Acquisition Event under the terms of which holders of Common Stock will receive upon consummation
thereof a cash payment for each share of Common Stock surrendered pursuant to such Acquisition Event (the
“Acquisition Price”), then the Board may instead provide that all outstanding Options shall terminate

 

 

upon
consummation of such Acquisition Event and that each Participant shall receive, in exchange therefor, a cash
payment equal to the amount (if any) by which (A) the Acquisition Price multiplied by the number of shares of
Common Stock subject to such outstanding Options (whether or not then exercisable), exceeds (B) the aggregate
exercise price of such Options.

     (b) Change in Control Event that is not an Acquisition Event. Upon the occurrence of a Change in Control Event
that does not also constitute an Acquisition Event, except to the extent specifically provided to the contrary in
the instrument evidencing any Option or any other agreement between a Participant and the Company,
then

     (1) (i) in the case of
the CEO, all of such
options shall become
exercisable in full
upon the date which
is 12 full months
after the date of the
Change in Control Event;

     (ii) in the case of
the Senior Management
Employees, all of
such options shall
become exercisable in
full upon the date
which is 15 full
months after the date
of the Change in
Control Event; and

     (iii) in the case of
Non-management
Employees, the
vesting of all of
such options shall be
accelerated by one
year such that (x)
all of such assumed
or substituted
options which would
have been exercisable
upon the date which
is 12 full months
after the date of the
Change in Control
Event shall be
immediately
exercisable in full
upon such Change in
Control Event and (y)
the remaining shares
shall, after such
Change in Control
Event, continue to
become vested in
accordance with the
vesting schedule set
forth in such option
but after giving
effect to the
acceleration of all
vesting by one year; and

     (2) such options shall be immediately
exercisable in full if, on or prior to (i) the
first anniversary of the date of the consummation
of the Change in Control Event, in the case of
the CEO and Non-Management Employees and (ii) the
end of 15 full months after the Change in Control
Event, in the case of Senior Management
Employees, the Participant’s employment with the
Company or the acquiring or succeeding
corporation is terminated for Good Reason by the
Participant or is terminated without Cause by the
Company or the acquiring or succeeding
corporation.

     (3) Effect on Restricted Stock Awards

     (a) Acquisition Event that is not a Change in Control Event. Upon the
occurrence of an Acquisition Event that is not a Change in Control Event, the
repurchase and other rights of the Company under each outstanding Restricted
Stock Award shall inure to the benefit of the Company’s successor and shall
apply to the cash, securities or other property which the Common Stock was
converted into or exchanged for pursuant to such Acquisition Event in the
same manner and to the same extent as they applied to the Common Stock
subject to such Restricted Stock Award.

     (b) Change in Control Event. Upon the occurrence of a Change in Control Event
(regardless of whether such event also constitutes an Acquisition Event),
except to the extent specifically provided to the contrary in the instrument
evidencing any Restricted Stock Award or any other agreement between a
Participant and the Company,

     (1) in the case of
the CEO, the vesting
schedule of all
Restricted Stock
Awards shall be

 

 

accelerated so that
all of the shares
subject to the
Restricted Stock
Award shall become
free and clear of all
conditions and
restrictions upon the
date which is 12 full
months after the date
of the Change in
Control Event;

     (2) in the case of
Senior Management
Employees, the
vesting schedule of
all Restricted Stock
Awards shall be
accelerated so that
all of the shares
subject to the
Restricted Stock
Award shall be free
and clear of all
conditions and
restrictions upon the
date which is 15 full
months after the date
of the Change in
Control Event;

     (3) in the case of
Non-Management
Employees, the
vesting schedule of
all Restricted Stock
Awards shall be
accelerated by one
year such that (i)
all the shares
subject to the
Restricted Stock
Award which would
have been free and
clear of all
conditions and
restrictions upon the
date which is 12 full
months after the date
of Change in Control
Event shall be
immediately free and
clear of all
conditions and
restrictions on the
date of such Change
in Control Event and
(ii) all of the
remaining shares
subject to the
Restricted Stock
Award shall, after
such Change in
Control Event,
continue to become
free and clear of all
conditions and
restrictions in
accordance with the
vesting schedule set
forth in such
Restricted Stock
Award but after
giving effect to the
acceleration of all
vesting by one year.

     (4) In addition, each
such Restricted Stock
Award shall
immediately become
free from all
conditions and
restrictions if, (A)
on or prior to the
first anniversary of
the date of the
consummation of the
Change in Control
Event, in the case of
the CEO and
Non-Management
Employees and (B) the
end of 15 full months
after the Change in
Control Event, in the
case of Senior
Management Employees,
the officer or
employee’s employment
with the Company or
the acquiring or
succeeding
corporation is
terminated for Good
Reason by the officer
or employee or is
terminated without
Cause by the Company
or the acquiring or
succeeding
corporation.

     2. The following new Subsection, Subsection 9(f), is hereby inserted into the 2001 Stock Plan
immediately following Subsection 9(e):

	 	 	“(f) Compliance with Code Section 409A. No Award shall provide for
deferral of compensation that does not comply with Section 409A of
the Code, unless the Board, at the time of grant, specifically
provides that the Award is not intended to comply with Section 409A
of the Code.

Approved by the Board of Directors April 21, 2005.

Approved by the Stockholders May 25, 2005.

 

 

AMENDMENT NO. 3 TO 2001 STOCK INCENTIVE PLAN

     The 2001 Stock Incentive Plan, as amended (the “2001 Plan”) of Aspect Medical Systems, Inc. is
hereby amended such that:

     1. Subsection 4(a) of the 2001 Plan is deleted in its entirety and a new Subsection 4(a) is
inserted as follows:

     “(a) Number of Shares. Subject to adjustment under Section 7, Awards may be made
under the Plan for up to 4,700,000 shares of common stock, $0.01 par value per share, of the
Company (the “Common Stock”). If any Award expires or is terminated, surrendered or canceled
without having been fully exercised or is forfeited in whole or in part (including as the result of
shares of Common Stock subject to such Award being repurchased by the Company at the original
issuance price pursuant to a contractual repurchase right) or results in any Common Stock not being
issued, the unused Common Stock covered by such Award shall again be available for the grant of
Awards under the Plan, subject, however, in the case of Incentive Stock Options (as hereinafter
defined), to any limitations under the Code. Shares issued under the Plan may consist in whole or
in part of authorized but unissued shares or treasury shares.”

     2. Subsection 5(c) of the 2001 Plan is amended to add the following sentence to the end of
such Subsection:

     “The exercise price shall be not less than 100% of the Fair Market Value (as defined below) on
the date the Option is granted; provided that if the Board approves the grant of an Option with an
exercise price to be determined on a future date, the exercise price shall be not less than 100% of
the Fair Market Value on such future date.”

     3. Section 5 of the 2001 Plan is amended to add the following new Subsection 5(g):

     “(g) Limitation on Repricing. Unless such action is approved by the Company’s
stockholders: (i) no outstanding Option granted under the Plan may be amended to provide an
exercise price per share that is lower than the then-current exercise price per share of such
outstanding Option (other than adjustments pursuant to Section 7) and (2) the Board may not cancel
any outstanding option (whether or not granted under the Plan) and grant in substitution therefore
new Awards under the Plan covering the same or a different number of shares of Common Stock and
having an exercise price per share lower than the then-current exercise price per share of the
cancelled option.”

Approved by the Board of Directors April 13, 2007.

Approved by the Stockholders May 23, 2007.

 

 

AMENDMENT
NO. 4 TO 2001 STOCK INCENTIVE PLAN

The 2001 Stock Incentive Plan, as amended (the “2001 Stock Plan”) of Aspect Medical Systems, Inc.
is hereby amended as follows:

1. Section 4 of the 2001 Plan is amended to add the following new Section 4(c):

“(c) Awards to Non-Employee Directors. Discretionary Awards
to non-employee directors will only be granted and administered by a
Committee, all of the members of which are independent as defined by
Section 4200(a)(15) of the Nasdaq Marketplace Rules.”

2. Section 6(b) of the 2001 Plan is hereby deleted in its entirety and a new Section 6(b) is
inserted in lieu thereof which reads as follows:

“(b) Terms and Conditions. The Board shall determine the
terms and conditions of any such Restricted Stock Award, including
the conditions for repurchase (or forfeiture) and the issue price,
if any. Restricted Stock Awards granted after April 11, 2008 that
vest solely based on the passage of time shall be zero percent
vested prior to the first anniversary of the date of grant (or, in
the case of Awards to non-employee directors, if earlier, the first
annual meeting held after the date of grant), no more than one-third
vested prior to the second anniversary of the date of grant (or, in
the case of Awards to non-employee directors, if earlier, the date
of the second annual meeting held after the date of grant), and no
more than two-thirds vested prior to the third anniversary of the
date of grant (or, in the case of Awards to non-employee directors,
if earlier, the date of the third annual meeting held after the date
of grant). Restricted Stock Awards granted after April 11, 2008
that do not vest solely based on the passage of time shall not vest
prior to the first anniversary of the date of grant (or, in the case
of Awards to non-employee directors, if earlier, the date of the
first annual meeting held after the date of grant). Notwithstanding
any other provision of this Plan, the Board may, in its discretion,
either at the time a Restricted Stock Award is made or at any time
thereafter, waive its right to repurchase shares of Common Stock (or
waive the forfeiture thereof) or remove or modify any part or all of
the restrictions applicable to the Restricted Stock Award, provided
that the Board may only exercise such rights in extraordinary
circumstances which shall include, without limitation, death,
disability or retirement of the Participant; or a merger,
consolidation, sale, reorganization, recapitalization, or change in
control of the Company.”

3. Section 9(d) of the 2001 Plan is hereby deleted in its entirety and a new Section 9(d) is
inserted in lieu thereof which reads as follows:

“(d) Amendment of Plan. 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 Award 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 Award, 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
the NASDAQ Stock Market (“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 5(g) or
7), (B) expanding the types of Awards 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 Incentive Stock Options, the Board may not
effect such modification or amendment without such approval. Unless
otherwise specified in the amendment, any amendment to the Plan
adopted in accordance with this Section 9(d) shall apply to, and be
binding on the holders of, all Awards outstanding under the Plan at
the time the amendment is adopted, provided the Board determines
that such amendment does not materially and adversely affect the
rights of Participants under the Plan.”

Approved by the Board of Directors April 11, 2008.

 

 

AMENDMENT
NO. 5 TO 2001 STOCK INCENTIVE PLAN

The 2001 Stock Incentive Plan, as amended (the “2001 Plan”) of Aspect Medical Systems, Inc. is
hereby amended as follows:

4. Subsection 4(a) of the 2001 Plan is deleted in its entirety and a new Subsection 4(a) is
inserted as follows:

“(a) Number of Shares. Subject to adjustment under Section
7, Awards may be made under the Plan for up to 5,400,000 shares of
common stock, $0.01 par value per share of the Company (the “Common
Stock”). If any Award expires or is terminated, surrendered or
cancelled without having been fully exercised or is forfeited in
whole or in part (including as a result of shares of Common Stock
subject to such Award being repurchased by the Company at the
original issuance price pursuant to a contractual repurchase right)
or results in any Common Stock not being issued, the unused Common
Stock covered by such Award shall again be available for the grant
of Awards under the Plan, subject, however, in the case of Incentive
Stock Options (as hereinafter defined), to any limitations under the
Code. Shares issued under the Plan may consist in whole or in part
of authorized but unissued shares or treasury shares.”

Approved by the Board of Directors April 11, 2008.

Approved by the Stockholders May 21, 2008.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]