Document:

Form of Performance Shares

 Exhibit 10.1 
 TECO ENERGY, INC. 
 2010 EQUITY INCENTIVE PLAN 

Performance Shares Agreement 
 TECO Energy, Inc. (the “Company”) and                      (the
“Grantee”) have entered into this Performance Shares Agreement (the “Agreement”) dated                     
under the Company’s 2010 Equity Incentive Plan (the “Plan”). Capitalized terms not otherwise defined herein have the meanings given to them in the Plan. 
 1. Grant of Performance Shares. Pursuant to the Plan and subject to the terms and conditions set forth in this Agreement, the Company hereby grants, issues and delivers to the Grantee
                 shares of its Common Stock (the “Target Performance Shares”) as of the date of this Agreement. The Target Performance Shares, if
not previously forfeited, will vest based on the achievement of the Performance Measurement determined pursuant to Section 2 hereof. In addition to the Target Performance Shares, after the end of the Performance Period (defined below), the
Grantee may receive additional shares of the Company’s Common Stock based on the achievement of the Performance Measurement determined pursuant to Section 2 hereof. These additional shares of Common Stock are referred to in this Agreement
as the “Additional Performance Shares”, and together with the Target Performance Shares, are referred to as the “Performance Shares”. 
 2. Vesting of Performance Shares. At the end of the Performance Period, the number of Performance Shares, if any, that will vest on the Vesting Date, as defined in Section 5, will be
determined in accordance with the following formula: 
 Number of Vested Performance Shares = 

Performance Reward Percentage multiplied by Target Performance Shares 

The “Performance Reward Percentage” is the percentage shown in column B corresponding to the
Performance Measurement in column A in the table below, and is based on the Company’s Total Shareholder Return relative to that of the Peer Group for the Performance Period. The Performance Measurement is determined by the Company’s
ranking within the Peer Group. If the Performance Measurement is between the 25th Percentile and the median, or between the median and top 10% of the Peer Group, the Performance Reward Percentage will be interpolated in proportion to the corresponding placement in column A.

  

					
	
                     A  
                   
	  	B	 
	Performance Measurement	  	 Performance Reward

Percentage
	 
		
	 Bottom 25% of the Peer Group
	  	 	0	% 
	
25th Percentile of the Peer Group
	  	 	25	% 
	 Equal to the median of the Peer Group
	  	 	100	% 
	 Top 10% of the Peer Group
	  	 	150	% 

 The “Performance Period” is the period beginning January 1,
20   and ending on December 31, 20  , unless terminated earlier pursuant to Section 6 or 7. 

“Total Shareholder Return” is the amount obtained by dividing (1) the sum of (a) the amount of dividends with
respect to the Performance Period, assuming dividend reinvestment, and (b) the difference between the share price at the end and beginning of the Performance Period, by (2) the closing share price at the beginning of the Performance
Period, with the share price in each case being determined by using the average closing price during the 20 trading days preceding (and inclusive of) the date of determination. The share price will be equitably adjusted for stock splits and other
similar corporate actions affecting the stock. In the event the Performance Period ends as a result of a Change in Control, as defined in Section 7, the Total Shareholder Return will be calculated as set forth in the preceding sentence, except
that the share price used at the end of the Performance Period will be determined by using the average closing price of the Company’s stock during the 20 trading days preceding (and exclusive of) the date of the Change in Control. 

The “Performance Measurement” is a measurement of the relative performance of the Company’s Common Stock calculated
by assuming the Company was included in the group of companies identified as the Dow Jones conventional electricity group and multiutility group, or the successors to those two groups as may be determined by the Committee (such groups being
collectively defined herein as the “Peer Group”) and then ordering the Peer Group (as constituted at the end of the Performance Period) by Total Shareholder Return from highest to lowest. 

Upon the Vesting Date, the restrictions on the Performance Shares will terminate. Any Target Performance Shares that do not vest in
accordance with this Section will be forfeited and returned to the Company as of the Vesting Date. The Additional Performance Shares, if any, will be issued, granted and delivered to the Grantee no later than 30 days after the Vesting Date.

 3. Dividends. Each time that the Company declares a dividend on its shares of common stock, an amount equal to the
declared dividend multiplied by the number of Target Performance Shares outstanding on the record date associated with such dividend will be accrued on Grantee’s behalf on the payment date of such dividend, subject to forfeiture as set forth in
the last sentence of this paragraph. If the Performance Shares vest in accordance with Section 2, Grantee will also receive a cash payment equal to the amount of any dividends accrued over the Performance Period multiplied by the same
Performance Reward Percentage used to determine the amount of the Performance Shares that vest. Any dividends earned pursuant to this Section will be paid in cash to the Grantee when the vested Performance Shares are delivered or as soon as
practicable thereafter. Any dividends accrued with respect to the Performance Shares will be forfeited if the related Performance Shares are forfeited. 
 4. Restrictions on Performance Shares. Until the Performance Shares, if any, vest, unless otherwise determined by the Committee: 

(a) the Performance Shares may not be sold, assigned, pledged or transferred by the Grantee; and 

(b) all Performance Shares and accrued dividends will be forfeited and returned to the Company and the Grantee will cease to have any
right to receive any Performance Shares or dividends pursuant to this Agreement, if the Grantee ceases to be an employee of the Company or any business entity in which the Company owns directly or indirectly 50% or more of the total voting power or
has a significant financial interest as determined by the Committee (an “Affiliate”), other than terminations of employment covered by Sections 6(b), (c) or 7 hereunder. 

  
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 5. Certification and Vesting Date. Promptly after the end of the Performance Period,
the Company will calculate the number of Performance Shares that will vest and the amount of dividends payable to Grantee pursuant to this Agreement. If the Performance Period ends on December 31, 20   (that is, if the Performance
Period was not terminated earlier pursuant to Section 6 or 7, below), the Company will submit its calculation regarding the Performance Measurement and the corresponding Performance Reward Percentage to the Compensation Committee of the Board
for certification. Subject to any restrictions on distributions of shares under the Plan, and subject to Section 13 of this Agreement, the Performance Shares, if any, will vest on the date of the Compensation Committee’s certification (the
“Vesting Date”). If pursuant to Section 6 or 7, below, the Performance Period ends with respect to the Grantee prior to December 31, 20  , then the Performance Shares earned under the Award, if any, will vest as soon as
practicable after the end of the Performance Period, or on the Compensation Committee certification date, if such certification is required under Section 162(m) of the Internal Revenue Code. In no event will the Vesting Date be more than 45
days after the end of the Performance Period. 
 6. Termination of Employment. 

(a) Voluntary Termination or Termination with Cause. If before December 31, 20  , Grantee terminates his or her
employment with the Company or any Affiliate and Section 6(c) does not apply to such termination, or the Company or any Affiliate terminates Grantee’s employment for Cause (defined below), all of Grantee’s Target Performance Shares
will be cancelled as of the date of such termination and any dividends accrued with respect to Grantee’s Target Performance Shares will be forfeited. The Grantee will not be entitled to any Additional Performance Shares 

(b) Termination Other than for Cause. If the Company or any Affiliate terminates Grantee’s employment other than for Cause
before December 31, 20  , Grantee’s Target Performance Shares will be prorated based on the number of months Grantee was employed (with partial months rounded up to the nearest whole month) beginning on the date of this Agreement
to the date of termination, divided by 36 (the “Section 6(b) Prorated Target Performance Shares”). On the last business day of the quarter in which the termination occurred, the Performance Period will end and the number of
Performance Shares that vest pursuant to this Agreement, if any, will be determined based on the application of the formula defined in Section 2, with the Section 6(b) Prorated Target Performance Shares substituted for the Target
Performance Shares in such formula. All other outstanding Target Performance Shares that do not vest pursuant to that formula will be cancelled and forfeited, and any associated accrued dividends will be forfeited and retained by the Company.

  
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 “Cause” means (i) the willful and continued failure by Grantee to
substantially perform Grantee’s duties with the Company (other than any such failure resulting from Grantee’s incapacity due to physical or mental illness or any such actual or anticipated failure after the issuance of a Notice of
Termination by Grantee for Good Reason, each as defined in Section 7 after a written demand for substantial performance is delivered to Grantee by the Board, which demand specifically identifies the manner in which the Board believes that
Grantee has not substantially performed Grantee’s duties, or (ii) the willful engaging by Grantee in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise. For purposes of this Subsection, no act,
or failure to act, on Grantee’s part will be deemed “willful” unless done, or omitted to be done, by Grantee not in good faith and without reasonable belief that Grantee’s action or omission was in the best interest of the
Company. Notwithstanding the foregoing, Grantee will not be deemed to have been terminated for Cause unless and until there will have been delivered to Grantee a copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters (3/4) of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonable notice to Grantee and an opportunity for Grantee, together with Grantee’s counsel, to be heard before
the Board), finding that in the good faith opinion of the Board Grantee was guilty of conduct set forth above in this Subsection and specifying the particulars thereof in detail; 

(c) Death, Disability or Retirement. If Grantee’s employment with the Company or any Affiliate is terminated at any time
prior to December 31, 20   due to death, a disability that would entitle the Grantee to benefits under the long-term disability benefits program of the Company for which the Grantee is eligible, or retirement at or after attainment of
the age that is three years before the Grantee’s Social Security Normal Retirement Age, or any earlier date that the Committee determines will constitute a normal retirement for purposes of this Agreement, Grantee will be entitled to receive a
prorated award as calculated under this Section. Grantee’s Target Performance Shares will be prorated based on the number of months Grantee was employed (with partial months rounded up to the nearest whole month) beginning on the date of this
Agreement to the date Grantee’s employment terminated, divided by 36 (the “Section 6(c) Prorated Target Performance Shares”). On the last business day of the quarter in which the termination occurred, the Performance Period
will end and the number of Performance Shares that vest pursuant to this Agreement, if any, will be determined based on the application of the formula defined in Section 2, with the Section 6(c) Prorated Target Performance Shares
substituted for the Target Performance Shares in such formula. All other outstanding Target Performance Shares that do not vest pursuant to that formula will be cancelled and forfeited, and any associated accrued dividends will be forfeited and
retained by the Company. 
 7. Change in Control. If, prior to December 31, 20  , Grantee’s
employment is terminated other than by the Company for Cause or by Grantee without Good Reason within 24 months following a Change in Control (as defined below), or prior to a Change in Control under circumstances described in the next sentence,
then Grantee’s Performance Shares will vest as determined under Section 2 of this Agreement. For purposes of this Agreement, Grantee’s employment will be deemed to have been terminated following a Change in Control of the Company by
the Company without Cause or by Grantee with Good Reason, if (i) Grantee’s employment is terminated by the Company without Cause prior to a Change in Control of the Company (whether or not such a Change in Control ever occurs) and such
termination was at the 

  
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request or direction of a “person” (as defined below) who has entered into an agreement with the Company the consummation of which would constitute a Change in Control of the Company,
(ii) Grantee terminates Grantee’s employment for Good Reason prior to a Change in Control of the Company (whether or not such a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the
request or direction of such person, or (iii) Grantee’s employment is terminated by the Company without Cause or by Grantee for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in
connection with or in anticipation of a Change in Control of the Company (whether or not such a Change in Control ever occurs). 
 (i) A “Change in Control” means a Change in Control of the Company of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is in fact required to comply therewith; provided, that, without limitation, such a Change in Control will be deemed to have
occurred if: 
 (a) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than
the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership
of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of the combined voting power of the
Company’s then outstanding securities; 
 (b) the following individuals cease to constitute a majority of the number of
directors then serving: individuals who on the date hereof constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited
to a consent solicitation, relating to the election of directors of the Company) whose election by the Board or nomination for election by the shareholders of the Company was approved by a vote of at least two-thirds (2/3) of the directors then
still in office who either were directors on the date hereof or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; 

(c) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other
corporation, other than (i) a merger or consolidation resulting in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity) at least 50% of the combined voting securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation or (ii) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no “person” (as hereinabove defined) acquires 30% or more of the combined voting power of the Company’s then outstanding securities; or 

(d) the shareholders of the Company approve a plan of complete liquidation of the Company or there is consummated the sale or
disposition by the Company of all or substantially all of the Company’s assets. 

  
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 (ii) “Good Reason” for termination by Grantee of Grantee’s employment
will mean the occurrence (without Grantee’s express written consent) after any Change in Control of the Company, or prior to a Change in Control of the Company under the circumstances described in the second sentence of Section 7 hereof
(treating all references in paragraphs (a) through (h) below to a “Change in Control of the Company” as references to a “potential Change in Control of the Company”), of any one of the following acts by the Company, or
failures by the Company to act: 
 (a) the assignment to Grantee of any duties inconsistent (except in the nature of a
promotion) with the position in the Company that Grantee held immediately prior to the Change in Control of the Company or a substantial adverse alteration in the nature or status of Grantee’s position or responsibilities or the conditions of
Grantee’s employment from those in effect immediately prior to the Change in Control of the Company; 
 (b) a reduction by
the Company in Grantee’s annual base salary as in effect on the date hereof or as the same may be increased from time to time; 
 (c) the Company’s requiring Grantee to be based more than fifty (50) miles from the Company’s offices at which Grantee were principally employed immediately prior to the date of the Change
in Control of the Company except for required travel on the Company’s business to an extent substantially consistent with Grantee’s present business travel obligations; 

(d) the failure by the Company to pay to Grantee any portion of Grantee’s current compensation or compensation under any deferred
compensation program of the Company, within seven (7) days of the date such compensation is due; 
 (e) the failure by the
Company to continue in effect any material compensation or benefit plan in which Grantee participated immediately prior to the Change in Control of the Company unless an equitable arrangement (embodied in an ongoing substitute or alternative plan)
has been made with respect to such plan, or the failure by the Company to continue Grantee’s participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount of benefits
provided and the level of Grantee’s participation relative to other participants, than existed at the time of the Change in Control; 
 (f) the failure by the Company to continue to provide Grantee with benefits substantially similar to those enjoyed by Grantee under any of the Company’s pension, life insurance, medical, health and
accident, or disability plans in which Grantee was participating at the time of the Change in Control of the Company, the taking of any action by the Company which would directly or indirectly materially reduce any of such benefits or deprive
Grantee of any material fringe benefit enjoyed by Grantee at the time of the Change in Control of the Company, or the failure by the Company to provide Grantee with the number of paid vacation days to which Grantee is entitled on the basis of
Grantee’s years of service with the Company in accordance with the Company’s normal vacation policy in effect at the time of the Change in Control of the Company; 

  
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 (g) the failure of the Company to obtain a satisfactory agreement from any successor to
assume and agree to perform this Agreement, as contemplated in Section 6 hereof; or 
 (h) any purported termination of
Grantee’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of Subsection (iii) below (and, if applicable, the requirements of Subsection 6(c) above), which purported termination will not be
effective for purposes of this Agreement. 
 Grantee’s right to terminate Grantee’s employment pursuant to this Subsection will not be
affected by Grantee’s incapacity due to physical or mental illness. Grantee’s continued employment will not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason hereunder. 

(iii) A “Notice of Termination” will mean a notice which will indicate the specific termination provision in this
Agreement relied upon and will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Grantee’s employment under the provision so indicated. 

8. Minimum Performance Period. If any event specified under Section 6 or 7 above occurs on a date that would cause the
Performance Period to be shorter than four times as long as the period between the beginning of the Performance Period and the date of this Agreement, then the Performance Period will end on the first date after that period of time has elapsed

 9. Rights as Shareholder. Subject to the restrictions and other limitations and conditions provided in this Agreement,
the Grantee as owner of the Target Performance Shares will have all the rights of a shareholder, including but not limited to the right to vote the Target Performance Shares and the right to receive dividends and other distributions, except as
otherwise specifically provided in this Agreement; and provided that dividends and other distributions paid on shares of Performance Shares shall be held by the Company on Grantee’s behalf and shall be subject to the same vesting conditions
applicable to the Performance Shares, as provided in Section 3 hereof. 
 10. Book Entry. The Target Performance
Shares will be registered in the name of the Grantee and held by the Company’s transfer agent in uncertificated form in a restricted account. As soon as practicable after the Vesting Date, the Company will cause unrestricted shares to be
transferred electronically to Grantee’s brokerage account (or to the account of such Grantee’s legal representative, beneficiary or heir) equal to the number of Target Performance Shares and any Additional Performance Shares that vest
pursuant to this Agreement, subject to the tax withholding provision of Section 13. 
 11. Adjustment of Terms. In
the event of corporate transactions affecting the Company’s outstanding Common Stock, the Committee will equitably adjust the number and kind of Performance Shares subject to this Agreement to the extent provided by the Plan. 

  
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 12. Notice of Election Under Section 83(b). If the Grantee makes an election
under Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to Performance Shares, he or she will provide a copy thereof to the Company within 30 days of the filing of such election with the Internal Revenue Service.

 13. Withholding Taxes. The Grantee will pay to the Company, or make provision satisfactory to the Committee for
payment of, any taxes required by law to be withheld in respect of the Performance Shares no later than the Vesting Date. Such tax obligations may be paid in whole or in part in vested Performance Shares, valued at fair market value on the Vesting
Date (which is defined as the closing price on the New York Stock Exchange on the previous trading day). The Company and its Affiliates may, to the extent permitted by law, deduct any such tax obligations from any payment of any kind otherwise due
to the Grantee. 
 14. The Committee. Any determination by the Committee under, or interpretation of the terms of, this
Agreement or the Plan will be final and binding on the Grantee. 
 15. Limitation of Rights. The Grantee will have no
right to continued employment by virtue of this Agreement. 
 16. Amendment. The Company may amend, modify or terminate
this Agreement, including substituting another Award of the same or a different type and changing the date of realization, provided that the Grantee’s consent to such action will be required unless the action, taking into account any related
action, would not adversely affect the Grantee, and further provided that in no event will the Agreement be amended in any manner that would cause the issuance of Shares under this Agreement to fail to qualify as excluded from the calculation of
Internal Revenue Code Section 162(m) covered compensation. 
 17. Governing Law. This Agreement will be governed by
and interpreted in accordance with the laws of the State of Florida. 
  

			
	TECO ENERGY, INC.
		
	By:	 	  

		 	Phil L. Barringer
		 	Chief Human Resources Officer
	
	  

	Grantee

  
 - 8 -<![CDATA[Form of Stock Option Agreement between ATRC & Executive Officers]]>

 Exhibit 10.1 
 ATRICURE, INC. 
 2005 EQUITY INCENTIVE PLAN 

STOCK OPTION AGREEMENT 

Unless otherwise defined herein, capitalized terms in this Option Agreement shall have the same meanings ascribed to such terms in the AtriCure, Inc.
2005 Equity Incentive Plan, as amended (the “Plan”). 
 I. NOTICE OF STOCK OPTION GRANT 

Name: 
 Address: 

You (the “Optionee”) have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and
this Option Agreement, as follows: 
  

			
	         Grant Number
	 	
		
	         Date of Grant
	 	
		
	         Exercise Price per Share
	 	
		
	         Total Number of Shares Granted
	 	
		
	         Total Exercise Price
	 	
		
	         Type of Option:
	 	Incentive Stock Option1 
		
		 	Nonstatutory Stock Option
		
	         Expiration Date
	 	

 A. Vesting Schedule. 
 This Option may be exercised, in whole or in part, in accordance with the following schedule: 

This Option vests and is exercisable as to 25% of the Shares upon the one year anniversary of the date of the grant and the remaining 75% thereafter vests
and is exercisable in equal monthly installments on the same day of the month over the following three (3) years. 
  

	1 	 Subject to the last sentence of Section II.A of this Option Agreement. 

 B. Termination Period. 
 Subject to Section II.F below, this Option may only be exercised for three (3) months after Optionee ceases to be a Service Provider. Upon the death or Disability of Optionee, this Option may only be
exercised for twelve (12) months after Optionee ceases to be a Service Provider. In all cases, this Option will expire on the Expiration Date set forth above. 
 II. AGREEMENT 
 A. Grant of Option. 

The Plan Administrator of the Company hereby grants to the Optionee an Option to purchase the number of Shares set forth in Part I of this Option
Agreement, at the exercise price per Share set forth in Part I of this Option Agreement (the “Exercise Price”), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 18(c) of
the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. 
 If designated in Part I of this Option Agreement as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code.
However, if this Option is intended to be an Incentive Stock Option, to the extent that it (together with all prior Options granted to the Optionee) exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock
Option (“NSO”). 
 B. Exercise of Option. 

(1) Term. This Option is exercisable at any time prior to the Expiration Date set forth above and in accordance
with the Vesting Schedule set forth above and the applicable provisions of the Plan and this Option Agreement. 

(2) Method of Exercise. This Option is exercisable by delivery of an exercise notice, in the form attached as
Exhibit A (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and
agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be completed by the Optionee and delivered to the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise
Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. No Shares shall be issued pursuant to the exercise of this
Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such
Exercised Shares. 

  
 2 

 C. Method of Payment. 
 Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee: 

(1) cash; 
 (2) check; 
 (3) consideration received by the Company under a
cashless exercise program (if any) implemented by the Company in connection with the Plan; or 
 (4) surrender of
other Shares, which in the case of Shares acquired from the Company, (i) have been owned by the Optionee for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value on the date of surrender equal to the
aggregate Exercise Price of the Exercised Shares. 
 D. Non-Transferability of Option. 

This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime
of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

E. Tax Obligations. 
 (1) Withholding Taxes. Optionee agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Optionee) for the satisfaction of all Federal, state,
and local income and employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not
delivered at the time of exercise. 
 (2) Notice of Disqualifying Disposition of ISO Shares. If the Option
granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (a) the date two (2) years after the Date of Grant, or (b) the date one
(1) year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized
by the Optionee. 

  
 3 

 F. Clawback. 

(1) For Conduct of Optionee. By accepting this Option, the Optionee agrees that, if at any time within one year
after the Optionee exercises any portion of this Option, the Optionee engages in any activity in competition with any activity of the Company, or in any activity hostile, contrary or harmful to the interests of the Company, including, but not
limited to: (i) conduct related to the Optionee’s employment for which either criminal or civil penalties against the Optionee may be sought, (ii) violation of Company policies, including, without limitation, the Company’s
Insider Trading Policy, (iii) violation of the Company’s Noncompetition, Proprietary Information and Inventions Agreement, (iv) disclosing or misusing any confidential information or material concerning the Company, or
(v) participating in a hostile takeover attempt, then (1) this Option shall terminate effective on the date on which the Optionee enters into such activity, unless terminated sooner by operation of another term or condition of this Option
or the Plan and (2) any gain represented by the excess of the closing market price on the date of exercise over the Exercise Price, multiplied by the number of shares the Optionee purchased through the exercise of this Option within the
specified one-year period, without regard to any subsequent market price decrease or increase, shall be paid by the Optionee to the Company. The foregoing sentence is in addition to and not in limitation of any other obligations of the Optionee, and
rights and remedies of the Company, under contract, statute or otherwise. 
 (2) In addition, the Optionee agrees
that in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, the Company’s Board of Directors shall require
reimbursement to the Company of any performance-based award made to the Optionee where: (i) the payment was predicated upon achieving certain financial results that were subsequently the subject of a substantial restatement of Company financial
statements filed with the SEC; (ii) the members of the Board of Directors who are considered “independent” for purposes of the listing standards of the Nasdaq Stock Market determine the Optionee engaged in intentional misconduct that
caused or substantially caused the need for the substantial restatement; and (iii) a lower payment would have been made to the Optionee based upon the restated financial results. In each such instance, the Company will, to the extent
practicable, seek to recover from the Optionee the amount by which any performance-based awards paid to the Optionee for the relevant period exceeded the lower payment that would have been made based on the restated financial results. 

G. Change in Control. 

Notwithstanding Section 13 of the Plan which already provides for acceleration of vesting under certain circumstances, in the event of any Change in
Control, then (a) for the first 12 months of the Optionee’s employment with the Company or its successor following such Change in Control, the vesting of an additional 33% of the then-unvested shares (if any) subject to this Option
Agreement at the time of the Change in Control will be accelerated and the balance will continue to vest at the same monthly rate (once monthly vesting commences) as they would have vested if no such acceleration had occurred, and (b) 100% of
the Shares subject to this Option Agreement shall become vested after 12 months of such employment following such Change in 

  
 4 

 
Control. In addition, in the event that the Optionee’s employment is terminated by the Company or its successor without “Cause” or the Optionee terminates such employment for
“Good Reason” (as such terms are defined below) within one year after a Change in Control, 100% of the Shares (if any) subject to this Option Agreement that are not vested at the time of such termination will accelerate and become vested.
In this context, “Cause” shall mean (i) material breach by the Optionee of any contractual obligations to the Company that remain uncured, if curable, after ten days notice to the Optionee thereof; (ii) gross negligence, willful
misconduct, or repeated, willful and flagrant insubordination in the performance of the Optionee’s duties to the Company; (iii) repeated unexplained or unjustified absence from the Company; (iv) a material and willful violation of any
federal or state law; (v) commission of any act of fraud with respect to the Company; or (vi) conviction of a felony or a crime involving moral turpitude causing material harm to the standing and reputation of the Company. For purposes of
this agreement, “Good Reason” shall mean the Optionee’s termination of his or her employment with the Company or its successor following a Change in Control by reason of the material diminution of his or her duties and
responsibilities, the reduction of his or her overall compensation other than as a part of a general reduction for all executive officers, or the transfer of his or her principal place of business for the Company more than 50 miles from its location
immediately prior to the Change in Control. Receipt of the benefits provided to the Optionee under this paragraph will be conditioned on the Optionee’s executing a general release of the Company, its successor (if any) and associated
persons from any claims against the Company, its successor (if any) and such persons, in such form as shall be reasonably requested by the Company or its successor. 
 H. Entire Agreement; Governing Law. 
 The Plan and this Option Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee’s interest except by means of a writing signed by the Company and the Optionee. This Option Agreement shall be governed by the internal substantive laws, but not the choice of law rules, of the State of Ohio.

 I. NO GUARANTEE OF CONTINUED SERVICE. 
 THE OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (AND NOT THROUGH THE
ACT OF BEING HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). THE OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH THE OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 [Remainder of page intentionally left blank.
Signature page follows.] 

  
 5 

 By the Optionee’s signature and the signature of the Company’s representative below, the Optionee
and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement. The Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain
the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and Option Agreement. The Optionee further agrees to notify the Company upon any change in the residence address indicated below. 

 

			
	OPTIONEE:	    	ATRICURE, INC.
		
		    	By: M. Andrew Wade
	  
	    	  

	Signature	    	
		
		    	Vice President and CFO
	  
	    	  

		    	Title
		
	  
 Residence
Address
	    	

  
 6 

 EXHIBIT A 

ATRICURE, INC. 
 2005 EQUITY INCENTIVE PLAN 
 EXERCISE NOTICE 

AtriCure, Inc. 
 6033 Schumacher Park Drive

 West Chester, Ohio 45069 

Attention: Chief Financial Officer 
 1. Exercise of Option. Effective as of today,                     ,
                    , the undersigned (“Purchaser”) hereby elects to purchase
                     shares (the “Shares”) of the Common Stock of AtriCure, Inc. (the “Company”) under and pursuant to the 2005
Equity Incentive Plan (the “Plan”) and the Stock Option Agreement dated                      (the “Option Agreement”). The
purchase price for the Shares shall be $         per Share, as required by the Option Agreement. 
 2. Delivery of Payment. Purchaser herewith delivers to the Company the full purchase price for the Shares and any required withholding taxes to be paid in connection with the exercise of the
Option. 
 3. Representations of Purchaser. Purchaser acknowledges that Purchaser has received, read and understood the
Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions. 
 4. Rights as
Shareholder. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the Shares, no right to vote or receive dividends or any other rights as a shareholder
shall exist with respect to the Exercised Shares, notwithstanding the exercise of the Option. The Shares so acquired shall be issued to the Optionee as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or
other right for which the record date is prior to the date of issuance, except as provided in Section 13 of the Plan. 
 5.
Tax Consultation. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants
Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice. 

  
 A-1

 6. Entire Agreement; Governing Law. The Plan and Option Agreement are incorporated
herein by reference. This Agreement, the Plan and the Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and
Purchaser with respect to the subject matter hereof, and may not be modified adversely to the Purchaser’s interest except by means of a writing signed by the Company and Purchaser. This Exercise Notice is governed by the internal substantive
laws, but not the choice of law rules, of the State of Ohio. 
  

			
	Submitted by:	  	Accepted by:
		
	PURCHASER:	  	ATRICURE, INC.
		
		  	By:
	  
	  	  

	Signature	  	
		
	  
 Print Name
	  	  
 Title

		
	Address:	  	Address:
		
		  	6033 Schumacher Park Drive
	  
	  	
		
		  	West Chester, Ohio 45069
	  
	  	
		  	  

		  	Date Received

  
 A-2

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