Document:

Exhibit 4.3 

 

CONMED CORPORATION

 

AMENDED AND RESTATED 2015 LONG-TERM INCENTIVE
PLAN

 

As amended on February 25, 2015

 

		1	PURPOSE.

 

The purpose of the Amended and
Restated 2015 Long-Term Incentive Plan of CONMED Corporation (the “Plan”) is to promote the long term financial
interests of CONMED Corporation (the “Company”), including its growth and performance, by encouraging employees
of the Company and its subsidiaries who provide important services to the Company and its subsidiaries to acquire an ownership
position in the Company, enhancing the ability of the Company and its subsidiaries to attract and retain employees of outstanding
ability, and providing employees with an interest in the Company parallel to that of the Company’s stockholders. To achieve
these purposes, the Company may grant Awards of Stock Options, Restricted Shares, Restricted Share Units, Stock Appreciation Rights,
Performance Shares, Performance Share Units and Other Awards to key employees selected by the Compensation Committee, all in accordance
with the terms and conditions set forth in the Plan.

 

The CONMED Corporation 1999
Long-Term Incentive Plan was originally adopted by the Board of Directors of CONMED Corporation on March 3, 1999, and was approved
by the stockholders of CONMED Corporation on May 18, 1999. The CONMED Corporation 1999 Long-Term Incentive Plan expired on December
31, 2008, was amended and restated effective as of February 24, 2009, again as of February 29, 2012, and is hereby further amended
and restated effective as of February 25, 2015 subject to the approval by the stockholders of CONMED Corporation at the May 28,
2015 Annual Shareholder Meeting.

 

The amendments made to the Plan
shall affect only Awards granted on or after the “Effective Date” (as hereinafter defined). Awards granted prior
to the Effective Date shall be governed by the terms of the Plan and Award Agreements as in effect prior to the Effective Date.
The terms of the Plan as hereby amended and restated are not intended to affect the interpretation of the terms of the Plan as
they existed prior to the Effective Date for Awards granted prior to the Effective Date. In the event that this Amended and Restated
2015 Long-Term Incentive Plan is not approved by the stockholders of CONMED Corporation, the Amended and Restated 2015 Long-Term
Incentive Plan shall be null and void and of no force or effect, but the Plan as amended and restated effective as of February
29, 2012 and the Awards granted thereunder (or under any prior version of the Plan) on or prior to May 28, 2015 shall remain in
full force and effect.

 

		2	DEFINITIONS. The following
definitions are applicable to the Plan:

 

	 	2.1	
        “Award” shall mean an award determined in
        accordance with the terms of the Plan.

        

 

	 	2.2	
        “Award Agreement” shall mean the agreement
        evidencing an Award as described in Section 12.1 of the Plan.

        

 

	 	2.3	
        “Board of Directors” shall mean the Board
        of Directors of the Company.

        

 

	 	2.4	
        “Cause” shall mean,
        unless otherwise provided in an Award Agreement, (a) with respect to a Participant employed pursuant to a written employment or
        similar agreement which includes a definition of “Cause,” “Cause” as defined in that agreement, (b) the
        willful and continued failure by a Participant to substantially perform his or her duties with the Company (other than any such
        failure resulting from his incapacity due to physical or mental illness), or (c) the willful engaging by the Participant in conduct
        which is demonstrably and materially injurious to the Company or its affiliates.

        

 

	 	2.5	“Committee” shall mean the Compensation Committee of the Board of Directors, or such other committee of the Board as the Board may select from time to time to administer the Plan pursuant to Section 4. The Committee shall be composed of not less than two directors of the Company. The Board of Directors may 

 

     

     

    

 

	 	 	
        also appoint one or more directors as alternate
        members of the Committee. No officer or employee of the Company or of any subsidiary shall be a member or alternate member of the
        Committee. The Committee shall at all times be comprised solely of “outside directors” within the meaning of Section
        162(m) of the Internal Revenue Code and in such a manner as to satisfy the “non-employee” director standard contained
        in Rule 16b-3 promulgated under the Exchange Act.

        

 

	 	2.6	
        “Common Stock” shall
        mean the common stock, par value $.01 per share, of the Company.

        

 

	 	2.7	
        “Covered Employee” means,
        at the time of an Award (or such other time as required or permitted by Section 162(m) of the Internal Revenue Code) (i) the Company’s
        Chief Executive Officer (or an individual acting in such capacity), (ii) any employee of the Company or its subsidiaries who, in
        the discretion of the Committee for purposes of determining those employees who are “covered employees” under Section
        162(m) of the Internal Revenue Code, is likely to be among the four other highest compensated officers of the Company for the year
        in which an Award is made or payable, and (iii) any other employee of the Company or its subsidiaries designated by the Committee
        in its discretion.

        

 

	 	2.8	
        “Effective Date” means
        the date the Plan is approved by the stockholders of CONMED Corporation.

        

 

	 	2.9	
        “Exchange Act” shall
        mean the Securities Exchange Act of 1934, as amended.

        

 

	 	2.10	
        “Fair Market Value”
        shall mean, per share of Common Stock, the closing price of the Common Stock on the NASDAQ Stock Market or, if applicable, principal
        securities exchange on which the shares of Common Stock are then traded, or, if not traded, the price set by the Committee.

        

 

	 	2.11	
        “Good Reason” means,
        unless otherwise provided in an Award Agreement, (a) with respect to a Participant employed pursuant to a written employment or
        similar agreement which includes a definition of “Good Reason,” “Good Reason” as defined in that agreement
        or (b) with respect to any other Participant, the occurrence of any of the following in the absence of the Participant’s
        written consent: (i) any material and adverse change in the Participant’s position or authority with the Company as in effect
        immediately before a Change in Control, other than an isolated and insubstantial action not taken in bad faith and which is remedied
        by the Company within 30 days after receipt of notice thereof given by the Participant; (ii) the transfer of the Participant’s
        primary work site to a new primary work site that is more than 50 miles from the Participant’s primary work site in effect
        immediately before a Change in Control; or (iii) a diminution of the Participant’s base salary in effect immediately before
        a Change in Control by more than 10%, unless such diminution applies to all similarly situated employees, provided that (x) if
        the Participant does not deliver to the Company a written notice of termination within 60 days after the Participant has knowledge
        that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason and (y) the Participant must
        give the Company 30 days to cure the event constituting Good Reason.

        

 

	 	2.12	
        “Internal Revenue Code”
        means the Internal Revenue Code of 1986, as amended.

        

 

	 	2.13	“Participant” shall mean an employee of the Company or any subsidiary, in each case who is selected by the Committee to participate in the Plan.

 

		3	SHARES SUBJECT TO THE PLAN.

 

	 	3.1	Subject to adjustment as provided in Section 17 of the Plan, the number of shares of Common Stock which shall be available for the grant of Awards under the Plan shall be equal to the number of shares available for grant under the Amended and Restated Long-Term Incentive Plan, plus an additional 2,000,000 shares, all of which are available for the grant of incentive stock options. Notwithstanding anything contained herein to the contrary, in no event shall more than 2,000,000 shares of Common Stock (subject to adjustment as provided in Section 17 of this Plan) be available in the aggregate for the issuance of Common Stock pursuant to Performance Shares, Performance Share Units, Restricted Shares, Restricted Share Units and Other Awards granted under the Plan. The shares of Common Stock issued under the Plan may be authorized and unissued shares, treasury shares or shares acquired in the open market specifically for distribution under the Plan, as the Company may from time to time determine. The maximum number of shares with respect to which Stock Options or Stock Appreciation Rights may be granted to an 

 

    	 		 

     

    

 

	 	 	
        individual in any calendar year
is 300,000 shares of Common Stock. The maximum number of shares of Common Stock with respect to which Restricted Shares, Restricted
Share Units, Performance Shares, Performance Share Units or Other Awards that, in each case, are intended to qualify as performance-based
compensation under Section 162(m) of the Code may be granted to an individual Participant in any calendar year is, in each case,
300,000 shares of Common Stock (or, to the extent that such Award is paid in cash, the maximum dollar amount of any such Award
is the equivalent cash value of such number of shares of Common Stock at the closing price on the last trading day of the performance
period), subject to adjustment pursuant to Section 17. For purposes of the immediately preceding sentence, “trading day”
shall mean a day in which the shares of Common Stock are traded on the NASDAQ Stock Market or, if applicable, the principal securities
exchange on which the shares of Common Stock are then traded. 

 

	 	3.2	Except as described below, if any Award under the Plan, in whole or in part, expires unexercised, is forfeited or otherwise terminates or is canceled without the delivery of shares of Common Stock, if shares of Common Stock are surrendered or withheld from any Award to satisfy a Participant’s income tax or other withholding obligations, or if shares of Common Stock owned by the Participant are tendered to pay for the exercise of a stock option under the Plan, then those shares covered by such expired, forfeited, terminated or canceled Awards or the number of shares equal to the number of shares surrendered or withheld in respect thereof shall again become available to be delivered pursuant to Awards granted under the Plan. Shares of Common Stock that are subject to a SAR granted in tandem with a Stock Option but not issued on exercise of the Stock Option shall not thereafter be available to be delivered pursuant to Awards under the Plan. Any shares of Common Stock (a) delivered by the Company, (b) with respect to which Awards are made by the Company and (c) with respect to which the Company becomes obligated to make Awards, in each case through the assumption of, or in substitution for, outstanding awards previously granted by an acquired entity, shall not be counted against the shares of Common Stock available for Awards under this Plan. Shares of Common Stock which may be delivered pursuant to Awards may be authorized but unissued Common Stock or authorized and issued Common Stock held in the Company’s treasury or otherwise acquired for the purposes of the Plan.

 

		4	ADMINISTRATION.

 

	 	4.1	The Plan shall be administered by the Committee. A majority of the Committee shall constitute a quorum, and the acts of a majority shall be the acts of the Committee. Any determination of the Committee may be made, without a meeting, by a writing or writings signed by all of the members of the Committee. In addition, the Committee may authorize any one or more of its number or any officer of the Company to execute and deliver documents on behalf of the Committee and the Committee may delegate to one or more employees, agents or officers of the Company, or to one or more third party consultants, accountants, lawyers or other advisors, such ministerial duties related to the operation of the Plan as it may deem appropriate.

 

	 	4.2	Subject to the provisions of the Plan, the Committee (or its delegate, within limits established by the Committee, with respect to non-Covered Employees and employees who are not subject to Section 16 of the Exchange Act) shall have the authority in its sole discretion to (i) exercise all of the powers granted to it under the Plan (including but not limited to, selection of the Participants, determination of the type, size and terms of Awards to be made to Participants, determination of the shares, share units or types of Other Awards subject to Awards, the restrictions, conditions and contingencies to be applicable in the case of specific Awards, and the time or times at which Awards shall be exercisable or at which restrictions, conditions and contingencies shall lapse), (ii) construe, interpret, and implement the Plan and all Award Agreements, (iii) establish, prescribe, amend and rescind any rules and regulations relating to the Plan, including rules governing its own operations, (iv) determine the terms and provisions of any agreements entered into hereunder, (v) make all other determinations necessary or advisable for the administration of the Plan, (vi) correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award in the manner and to the extent it shall deem desirable to carry it into effect, (vii) amend any outstanding Award Agreement to accelerate the time or times at which the Award becomes vested, unrestricted or may be exercised, or, to the extent permitted under applicable tax laws, to waive or amend any goals, restrictions or conditions set forth in such Award Agreement, or reflect a change in the Participant’s circumstances (e.g., a change to part time employment status) and (viii) determine whether, to what extent and under what circumstances and method or methods (1) Awards may be (A) settled in cash, 

 

     

    	 

    

 

	 	 	
        shares of Common Stock, other
securities, other Awards or other property, (B) exercised or (C) canceled, forfeited or suspended (including, without limitation,
canceling underwater options without payment to the Participant), (2) shares of Common Stock, other securities, other Awards or
other property and other amounts payable with respect to an Award may be deferred either automatically or at the election of the
Participant thereof or of the Committee and (3) Awards may be settled by the Company, any of its subsidiaries or affiliates
or any of its or their designees. Other than as provided in Section 17, the Committee shall not be permitted to reduce the exercise
price of a Stock Option (or reduce the reference price of a Stock Appreciation Right) after such Award has been granted. 

 

	 	4.3	
        Subject to the terms of this Plan and terms
        and limitations as the Committee shall determine, the Committee may delegate its authority to grant Awards to Participants to the
        Company’s Chief Executive Officer, who may with the written concurrence of at least one other executive officer, grant Awards,
        subject to annual calendar year limits of 20,000 shares subject to Awards per Participant and 300,000 shares subject to Awards
        in the aggregate, in the case of Awards made (a) in situations where the Company is seeking to attract a new hire or recognize
        employees for special achievements, (b) to new employees as a result of the acquisition by the Company of another company, whether
        by merger or purchase of stock or substantially all of its assets, which Awards are deemed appropriate by the Chief Executive Officer
        in connection with the retention of newly acquired employees or (c) in other special circumstances except that no such delegation
        may be made in the case of Awards to Covered Employees or persons who are subject to the provisions of Section 16 of the Exchange
        Act. If the Company’s Chief Executive Officer grants Awards to Participants under this Section 4.3, the Chief Executive Officer
        will promptly thereafter provide written notice to the Committee that such Awards were granted. To the extent that the Committee
        delegates its authority as provided by this Section 4.3, all references in this Plan to the Committee's authority to make Awards
        shall be deemed to include the Chief Executive Officer. The annual limits described in this Section 4.3 may be modified by the
        Committee with respect to any year or all future years and shall be subject to adjustment as provided in Section 17.1.

        

 

	 	4.4	
        Actions of the Committee may be
taken by the vote of a majority of its members present at a meeting (which may be held telephonically). Any action may be taken
by a written instrument signed by a majority of the Committee members, and action so taken shall be fully as effective as if it
had been taken by a vote at a meeting. The determination of the Committee on all matters relating to the Plan or any Award Agreement
shall be final, binding and conclusive. The Committee may allocate among its members and delegate to any person who is not a member
of the Committee any of its administrative responsibilities. 

 

	 	4.5	
        No Liability. No member
of the Board of Directors or the Committee or any employee of the Company or its subsidiaries or affiliates (each such person,
a “Covered Person”) shall have any liability to any person (including any Participant) for any action taken
or omitted to be taken or any determination made in good faith with respect to the Plan or any Award. Each Covered Person shall
be indemnified and held harmless by the Company against and from (a) any loss, cost, liability or expense (including attorneys’
fees) that may be imposed upon or incurred by such Covered Person in connection with or resulting from any action, suit or proceeding
to which such Covered Person may be a party or in which such Covered Person may be involved by reason of any action taken or omitted
to be taken under the Plan or any Award Agreement and (b) any and all amounts paid by such Covered Person, with the Company’s
approval, in settlement thereof, or paid by such Covered Person in satisfaction of any judgment in any such action, suit or proceeding
against such Covered Person, provided that the Company shall have the right, at its own expense, to assume and defend any
such action, suit or proceeding and, once the Company gives notice of its intent to assume the defense, the Company shall have
sole control over such defense with counsel of the Company’s choice. The foregoing right of indemnification shall not be
available to a Covered Person to the extent that a court of competent jurisdiction in a final judgment or other final adjudication,
in either case not subject to further appeal, determines that the acts or omissions of such Covered Person giving rise to the
indemnification claim resulted from such Covered Person’s bad faith, fraud or willful criminal act or omission. The foregoing
right of indemnification shall not be exclusive of any other rights of indemnification to which Covered Persons may be entitled
under the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any other power that the
Company may have to indemnify such persons or hold them harmless. 

 

     

    	 

    

 

	 	5	
        ELIGIBILITY. All employees of
the Company and its subsidiaries, in each case who have demonstrated significant management potential or who have the capacity
for contributing in a substantial measure to the successful performance of the Company, as determined by the Committee in its
sole discretion, are eligible to be Participants in the Plan. In addition, the Committee may from time to time deem other employees
of the Company or its subsidiaries eligible to participate in the Plan to receive equity awards consistent with legal requirements.
The granting of any Award to a Participant shall not entitle that Participant to, nor disqualify that Participant from, participation
in any other grant of an Award. 

 

	 	6	
        AWARDS. Awards under the Plan
may consist of: (i) stock options (either incentive stock options within the meaning of Section 422 of the Internal Revenue Code
or nonstatutory stock options) granted pursuant to Section 7 (“Stock Options”), (ii) performance shares
granted pursuant to Section 8.1 (“Performance Shares”), (iii) performance share units granted pursuant to Section
8.1 (“Performance Share Units”), (iv) stock appreciation rights granted pursuant to Section 9 (“Stock
Appreciation Rights” or “SARs”), (v) restricted shares granted pursuant to Section 10 (“Restricted
Shares”), (vi) restricted share units granted pursuant to Section 10 (“Restricted Share Units”) and
(vii) other types of equity-based Awards which the Committee determines to be consistent with the purpose of the Plan and the
interests of the Company, granted pursuant to Section 11 (“Other Awards”). Awards of Performance Shares, Performance
Share Units, Restricted Shares, Restricted Share Units and Other Awards may provide the Participant with voting rights but may
not provide for the payment of dividends or dividend equivalents, in each case, prior to vesting. Notwithstanding any other provision
of the Plan to the contrary, all Awards under the Plan shall be subject to (a) a minimum vesting schedule of at least twelve months
following the date of grant of the Award, provided that such vesting schedule (1) may be on a monthly or quarterly pro-rata
basis and (2) shall not apply to Awards that are assumed or substituted for in connection with Section 21 of the Plan; and (b)
the Company’s Recoupment Policy, as it may be amended from time to time. 

 

	 	7	
        STOCK OPTIONS. The Award Agreement
pursuant to which any Stock Option that is intended to qualify as an incentive stock option is granted shall specify that the
option granted thereby shall be treated as an incentive stock option. The Award Agreement pursuant to which any nonstatutory stock
option is granted shall specify that the option granted thereby shall not be treated as an incentive stock option. The Committee
shall establish the option price at the time each Stock Option is granted, which price shall not be less than 100% of the Fair
Market Value of the Common Stock on the date of grant. Stock Options shall be exercisable for such period as specified by the
Committee, but in no event may options be exercisable for a period of more than ten years after their date of grant. The option
price of each share as to which a Stock Option is exercised shall be paid in full at the time of such exercise. Such payment shall
be made in cash, by tender of shares of Common Stock owned by the Participant valued at Fair Market Value as of the date of exercise,
subject to such guidelines for the tender of Common Stock as the Committee may establish, in such other consideration as the Committee
deems appropriate, or by a combination of cash, shares of Common Stock and such other consideration. The Committee, in its sole
discretion, may grant to a Participant the right to transfer Common Stock acquired upon the exercise of a part of a Stock Option
in payment of the exercise price payable upon immediate exercise of a further part of the Stock Option. 

 

		8	PERFORMANCE AWARDS.

 

	 	8.1	
        Performance Shares and Performance
Share Units. Performance Shares may be granted in the form of actual shares of Common Stock or as Performance Share Units
having a value equal to an identical number of shares of Common Stock. In the event that a stock certificate is issued in respect
of Performance Shares, such certificate shall be registered in the name of the Participant but shall be held by the Company until
the time the Performance Shares are earned. The performance conditions and the length of the performance period shall be determined
by the Committee in accordance with Section 8.2 below, and shall be reflected in the Award Agreement pursuant to which the Performance
Shares or Performance Share Units are granted. The Committee shall determine in its sole discretion whether Performance Share
Units shall be paid in cash, Common Stock, or a combination of cash and Common Stock. 

 

	 	8.2	Performance Goals. The Committee may establish performance goals
with respect to any Award using one or more of the following objectives: (a) market share (including, without limitation, the
market share of trading volume in certain types of securities), (b) earnings, (c) earnings per share, (d) operating profit, (e)
operating margin, (f) return on equity, (g) return on assets, (h) total return to stockholders, (i) technology

 

    	 		 

     

    

 

	 	 	improvements, (j) return on investment capital, (k) revenue growth, (l) cash flow, (m) reliability and (n) quality objectives. In addition, Awards may be subject to comparisons of the performance of other companies, such performance to be measured by one or more of the foregoing business criteria. If an Award of Performance Shares or Performance Share Units is made on such basis, the Committee shall establish the relevant performance conditions, in writing, within 90 days after the commencement of the performance period (or such later date as may be required or permitted by Section 162(m) of the Internal Revenue Code). Following the completion of each performance period and prior to the payment of any Award, the Committee shall certify in writing whether the performance goals for such performance period have been met. The Committee may, in its discretion, reduce or eliminate the amount of payment with respect to an Award of Performance Shares or Performance Share Units to a Covered Employee, notwithstanding the achievement of a specified performance condition, but may not increase the amount of payment with respect to such an Award. An Award of Performance Shares or Performance Share Units to a Participant who is a Covered Employee shall (unless the Committee determines otherwise) provide that in the event of the Participant’s termination of employment prior to the end of the performance period for any reason, such Award will be payable only (A) if the applicable performance conditions are achieved and (B) to the extent, if any, as the Committee shall determine.

 

	 	9	
        STOCK APPRECIATION RIGHTS. Stock
Appreciation Rights (“SARs”) may be granted either alone or in connection with a Stock Option, as the Committee
determines and as reflected in the Award Agreement pursuant to which such SAR is granted. A SAR granted in connection with an
incentive stock option may be granted only when the incentive stock option is granted. A SAR granted in connection with a nonstatutory
stock option may be granted either when the related nonstatutory stock option is granted or at any time thereafter, including,
in the case of any nonstatutory stock option resulting from the conversion of an incentive stock option to a nonstatutory stock
option, simultaneously with or after the conversion. A Participant electing to exercise a SAR shall deliver written notice to
the Company of the election identifying the SAR and, if applicable, the related option with respect to which the SAR was granted
to the Participant, and specifying the number of whole shares of Common Stock with respect to which the Participant is exercising
the SAR. Upon exercise of the SAR, if applicable, the related option shall be deemed to be surrendered to the extent that the
SAR is exercised. SARs may be exercised only (i) on a date when the Fair Market Value of a share of Common Stock exceeds the exercise
price stated in the Award Agreement or, if applicable, the Award Agreement for the Stock Option related to that SAR and (ii) in
compliance with any restrictions that may be set forth in the Award Agreement pursuant to which the SAR was granted. The amount
payable upon exercise of a SAR may be paid by the Company in cash, or, if the Committee shall determine in its sole discretion,
in shares of Common Stock (taken at their Fair Market Value at the time of exercise of the SAR) or in a combination of cash and
shares of Common Stock; provided, however, that if the SAR is granted in connection with a Stock Option, in no event
shall the total number of shares of Common Stock that may be paid to a Participant pursuant to the exercise of a SAR exceed the
total number of shares of Common Stock subject to the related Stock Option. A SAR shall terminate and may no longer be exercised
upon the first to occur of (a) if applicable, exercise or termination of the related Stock Option or (b) any termination date
specified in the Award Agreement pursuant to which the SAR is granted. In addition, the Committee may, in its sole discretion
at any time before the occurrence of a Change in Control, amend, suspend or terminate any SAR theretofore granted under the Plan
without the holder’s consent; provided that, in the case of amendment, no provision of the SAR, as amended, shall
be in conflict with any provision of the Plan. If the SAR is granted in connection with a Stock Option, the amendment, suspension
or termination of any such SAR by the Committee as described in the immediately preceding sentence shall not affect the holder’s
rights in any related Stock Option. 

 

	 	10	RESTRICTED SHARES and RESTRICTED SHARE UNITS. Restricted Shares may be granted in the form of actual shares of Common Stock or Restricted Share Units having a value equal to an identical number of shares of Common Stock. In the event that a stock certificate is issued in respect of Restricted Shares, such certificate shall be registered in the name of the Participant but shall be held by the Company until the end of the restricted period. The employment conditions and the length of the period for vesting of Restricted Shares or Restricted Share Units shall be reflected in the Award Agreement pursuant to which such Restricted Shares or Restricted Share Units are granted. The Committee shall determine in its sole discretion whether Restricted Share Units shall be paid in cash, Common Stock, or a combination of cash and Common Stock.

 

     

    	 

    

 

	 	11	
        OTHER AWARDS. The Committee may
grant types of equity-based Awards (including the grant or offer for sale of unrestricted shares of Common Stock and other performance
shares) other than Stock Options, SARs, Restricted Shares, Restricted Share Units, Performance Shares and Performance Share Units
in such amounts and subject to such terms and conditions, as the Committee shall determine. Such Other Awards may entail the transfer
of actual shares of Common Stock to Plan participants, or payment in cash or otherwise of amounts based on the value of shares
of Common Stock. The terms of such Other Awards shall be reflected in the Award Agreement pursuant to which such Other Award is
granted. 

 

		12	AWARDS UNDER THE PLAN.

 

	 	12.1	
        Award Agreements. Each
Award under the Plan shall be evidenced by an agreement setting forth the terms and conditions, as determined by the Committee,
which shall apply to such Award, in addition to the terms and conditions specified in the Plan. The Committee may grant Awards
in tandem with or in substitution for any other Award or Awards granted under this Plan or any award granted under any other plan
of the Company. By accepting an Award pursuant to the Plan, a Participant thereby agrees that the Award shall be subject to all
of the terms and provisions of the Plan and the applicable Award Agreement. 

 

	 	12.2	
        Rights as a Stockholder.
The Award Agreement shall specify whether (and under what circumstances) a Participant (or other person having rights pursuant
to an Award) shall have any of the rights of a stockholder of the Company with respect to shares of Common Stock subject to an
Award. Except as otherwise provided in Section 17, no adjustments shall be made for dividends or distributions (whether ordinary
or extraordinary, and whether in cash, Common Stock, other securities or other property) on, or other events relating to, shares
of Common Stock subject to an Award for which the record date is prior to the date such shares are delivered. 

 

	 	12.3	
        Required Shareholder Consent.
Unless otherwise approved by the Company’s stockholders, Stock Options and SARs will not be (x) repriced (other than in
accordance with the adjustment provisions of Section 17.1), (y) repurchased for cash or other consideration, or cancelled in conjunction
with the grant of a new Stock Option or SAR with a lower exercise price, in each case on a date when the exercise price of such
Stock Option or SAR is equal to or exceeds the Fair Market Value a share of Common Stock or (z) be subject to automatic reload
provisions. 

 

		13	CHANGE IN CONTROL.

 

	 	13.1	
        Unless otherwise provided in an
Award Agreement or the Committee determines otherwise, in the event of a Change in Control, as hereinafter defined, in which Awards
are not assumed, substituted or otherwise continued, (i) the restrictions applicable to all Restricted Shares and Restricted Share
Units shall lapse and such shares and share units shall be deemed fully vested, (ii) all Restricted Shares granted in the form
of share units shall be paid in cash, (iii) all Performance Shares granted in the form of shares of Common Stock or Performance
Share Units shall be deemed to be earned based on the level of actual performance through the date of the Change in Control with
respect to all open performance periods, (iv) all Performance Shares granted in the form of share units shall be paid in cash,
and (v) each Stock Option and SAR that is not exercisable in full shall be deemed fully vested. The amount of any cash payment
in respect of a Restricted Share Unit or Performance Share Unit shall be equal to: (A) in the event the Change in Control is the
result of a tender offer or exchange offer for Common Stock, the final offer price per share paid for the Common Stock or (B)
in the event the Change in Control is the result of any other occurrence, the aggregate per share value of Common Stock as determined
by the Committee at such time. The Committee may, in its discretion, include such further provisions and limitations in any agreement
documenting such Awards as it may deem equitable and in the best interests of the Company. 

 

	 	 	Unless otherwise provided in the applicable Award Agreement or the Committee determines otherwise, in the event of a Change in Control in which Awards are assumed, substituted or otherwise continued, the Awards will not automatically vest upon a Change in Control, but if a Participant’s employment is terminated by the Company or any successor entity thereto without Cause or resigns for Good Reason, in each case, within two (2) years after a Change in Control, (i) the restrictions applicable to all Restricted Shares and Restricted Share Units shall lapse and such shares and share units shall be deemed fully vested, (ii) all Performance Shares granted in the form of shares of Common Stock or Performance Share Units

 

     

    	 

    

 

	 	 	shall be deemed to be earned based on the level of actual performance through the date of the employment termination with respect to all open performance periods, and (iii) each Stock Option and SAR that is not exercisable in full shall be deemed fully vested. The Committee may, in its discretion, include such further provisions and limitations in any agreement documenting such Awards as it may deem equitable and in the best interests of the Company.

 

	
         

         
	13.2	
        A “Change in Control”
shall mean the occurrence of any one of the following events: (i) any “person” (as such term is defined in Section
3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing
25% or more of the combined voting power of the Company’s then outstanding securities eligible to vote for the election
of the Board of Directors (the “Company Voting Securities”); provided, however, that the event
described in this paragraph (i) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions:
(A) by the Company or any of its subsidiaries, (B) by any employee benefit plan sponsored or maintained by the Company or any
of its subsidiaries, (C) by any underwriter temporarily holding securities pursuant to an offering of such securities, or (D)
pursuant to a Non-Control Transaction (as defined in clause (ii) below), (ii)  the consummation of a merger, consolidation,
share exchange or similar form of corporate reorganization of the Company (or any such type of transaction involving the Company
or any of its subsidiaries that requires the approval of the Company’s stockholders, whether for the transaction or the
issuance of securities in the transaction or otherwise) (a “Business Combination”), unless immediately following
such Business Combination: (a) more than 60% of the total voting power of the corporation resulting from such Business Combination
(including, without limitation, any corporation which directly or indirectly has beneficial ownership of 100% of the Company Voting
Securities) eligible to elect directors of such corporation is represented by shares that were Company Voting Securities immediately
prior to such Business Combination (either by remaining outstanding or being converted), and such voting power is in substantially
the same proportion as the voting power of such Company Voting Securities immediately prior to the Business Combination, (b) no
person (other than any holding company resulting from such Business Combination, any employee benefit plan sponsored or maintained
by the Company (or the corporation resulting from such Business Combination)) immediately following the consummation of the Business
Combination becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the outstanding
voting securities eligible to elect directors of the corporation resulting from such Business Combination, and (c) at least a
majority of the members of the Board of Directors of the corporation resulting from such Business Combination were members of
the Board of Directors at the time of the approval of the execution of the initial agreement providing for such Business Combination
(any Business Combination which satisfies the conditions in clauses (a), (b) and (c) is referred to hereunder as a “Non-Control
Transaction”); or (iii) the stockholders of the Company approve a plan of complete liquidation or dissolution of the
Company or the sale of all or substantially all of its assets. Notwithstanding the foregoing, a Change in Control of the Company
shall not be deemed to occur solely because any person acquires beneficial ownership of more than 25% of the Company Voting Securities
as a result of the acquisition of Company Voting Securities by the Company which reduces the number of Company Voting Securities
outstanding; provided, that if after such acquisition by the Company such person becomes the beneficial owner of additional
Company Voting Securities that increases the percentage of outstanding Company Voting Securities beneficially owned by such person,
a Change in Control of the Company shall then occur. 

 

	 	14	WITHHOLDING. The Company shall have the right to deduct from any payment to be made pursuant to the Plan the amount of any taxes required by law to be withheld therefrom, or to require a Participant to pay to the Company such amount required to be withheld prior to the issuance or delivery of any shares of Common Stock or the payment of cash under the Plan. The Committee may, in its discretion, permit a Participant to elect to satisfy such withholding obligation by having the Company retain the number of shares of Common Stock whose Fair Market Value equals the amount required to be withheld. Any fraction of a share of Common Stock required to satisfy such obligation shall be disregarded and the amount due shall instead be paid in cash to the Participant.

 

	 	15	
        NONTRANSFERABILITY. No Award shall
be assignable or transferable, and no right or interest of any Participant shall be subject to any lien, obligation or liability
of the Participant, except by will or the laws of 

 

     

    	 

    

 

	 	 	descent and distribution. Notwithstanding the immediately preceding sentence, the Committee may, subject to the terms and conditions it may specify, permit a Participant to transfer any nonstatutory stock options granted to him pursuant to the Plan to one or more of his immediate family members or to trusts established in whole or in part for the benefit of the Participant and/or one or more of such immediate family members. During the lifetime of the Participant, a nonstatutory stock option shall be exercisable only by the Participant or by the immediate family member or trust to whom such Stock Option has been transferred pursuant to the immediately preceding sentence. For purposes of the Plan, (i) the term “immediate family” shall mean the Participant’s spouse and issue (including adopted and step children) and (ii) the phrase “immediate family members and trusts established in whole or in part for the benefit of the Participant and/or one or more of such immediate family members” shall be further limited, if necessary, so that neither the transfer of a nonstatutory stock option to such immediate family member or trust, nor the ability of a Participant to make such a transfer shall have adverse consequences to the Company or the Participant by reason of Section 162(m) of the Internal Revenue Code.

 

	 	16	
        NO RIGHT TO EMPLOYMENT. 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 be retained in the employ of the Company or any subsidiary. Further, the Company and its subsidiaries expressly reserve
the right at any time to dismiss a Participant free from any liability, or any claim under the Plan, except as provided herein
or in any agreement entered into hereunder. Any obligation of the Company under the Plan to make any payment at any future date
merely constitutes the unsecured promise of the Company to make such payment from its general assets in accordance with the Plan,
and no Participant shall have any interest in, or lien or prior claim upon, any property of the Company or any subsidiary by reason
of that obligation. 

 

		17	ADJUSTMENT OF AND CHANGES
IN COMMON STOCK.

 

	 	17.1	
        The Committee shall adjust the
number of shares of Common Stock authorized pursuant to Section 3.1 and shall adjust the terms of any outstanding Awards (including,
without limitation, the number of shares of Common Stock covered by each outstanding Award, the type of property to which the
Award relates (including whether such Award may be terminated and settled by payment of cash) and the exercise or strike price
of any Award), in such manner as it deems appropriate to prevent the enlargement or dilution of rights, or otherwise deems it
appropriate, for any increase or decrease in the number of issued shares of Common Stock (or issuance of shares of stock other
than shares of Common Stock) resulting from a recapitalization, stock-split, reverse stock split, stock dividend, spin-off, split-up,
combination or reclassification or exchange of the shares of Common Stock, merger, consolidation, rights offering, separation,
reorganization or any other change in corporate structure or event the Committee determines in its sole discretion affects the
capitalization of the Company, including a Change in Control or any extraordinary dividend or distribution. After any adjustment
made pursuant to this Section 17.1, the number of shares of Common Stock subject to each outstanding Award shall be rounded up
or down to the nearest whole number, as determined by the Committee and consistent with the requirements of applicable tax law.
Notwithstanding anything in the Plan to the contrary, any adjustments, modifications or changes of any kind made pursuant to this
Section 17.1 shall be made in a manner compliant with Section 409A of the Internal Revenue Code (“Section 409A”). 

 

	 	17.2	
        Except as provided in Section 3.1 or under
        the terms of any applicable Award Agreement, there shall be no limit on the number or the value of shares of Common Stock that
        may be subject to Awards to any individual under the Plan.

        

 

	 	17.3	
        There shall be no limit on the amount of
        cash, securities (other than shares of Common Stock as provided in Section 3.1, as adjusted by 17.1) or other property that may
        be delivered pursuant to any Award.

        

 

	 	18	AMENDMENT. The Board of Directors may amend, suspend or terminate the Plan or any portion thereof at any time, provided that no amendment shall be made without stockholder approval if such approval is necessary in order for the Plan to continue to comply with Rule 16b-3 under the Exchange Act, and that such amendments shall be effected in a manner compliant with applicable tax law and subject to Section 23 of the Plan.

 

     

    	 

    

 

	 	19	
        EFFECTIVE DATE AND TERMINATION. The CONMED
        Corporation 1999 Long-Term Incentive Plan was originally effective as of January 1, 1999, the Amended and Restated 1999 Long-Term Incentive Plan was effective as of February 24, 2009, the Amended and Restated Plan was effective as of February 29, 2012
        and this Amended and Restated 2015 Long-Term Incentive Plan is effective as of the Effective Date. Subject to earlier termination
        pursuant to Section 18 of the Plan or by the action of the Board of Directors, the Plan shall remain in effect until May 28, 2025.

        

 

	 	20	
        PURCHASE FOR INVESTMENT. Each person acquiring
        Common Stock pursuant to any Award may be required by the Company to furnish a representation that he or she is acquiring the Common
        Stock so acquired as an investment and not with a view to distribution thereof if the Company, in its sole discretion, determines
        that such representation is required to ensure that a resale or other disposition of the Common Stock would not involve a violation
        of the Securities Act of 1933, as amended, or of applicable blue sky laws. Any investment representation so furnished shall no
        longer be applicable at any time such representation is no longer necessary for such purposes.

        

 

	 	21	
        AWARDS THROUGH THE ASSUMPTION
OF OR IN SUBSTITUTION FOR AWARDS GRANTED BY OTHER COMPANIES. Awards may be granted under the Plan through the assumption of or
substitution for awards held by employees of a company who become employees of the Company or any subsidiary as a result of the
merger or consolidation of the employer company with the Company or any subsidiary, or the acquisition by the Company or any subsidiary
of the assets of the employer company, or the acquisition by the Company or any subsidiary of stock of the employer company as
a result of which it becomes a subsidiary. The terms, provisions, and benefits of the assumed or substitute Awards so granted
may vary from the terms, provisions, and benefits set forth in or authorized by the Plan to such extent as the Committee at the
time of the grant may deem appropriate to conform, in whole or in part, to the terms, provisions, and benefits of the awards assumed
or in substitution for which they are granted. 

 

		22	GOVERNING LAW. The provisions of the Plan shall be governed
and construed in accordance with the laws of the State of New York.

 

	 	23	SECTION 409A. It is the Company’s intent that the Plan and Awards granted hereunder comply with or be exempt from the requirements of Section 409A and that agreements evidencing Awards be administered and interpreted accordingly. If and to the extent that any payment or benefit under this Plan is determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A and is payable to a Participant by reason of the Participant’s termination of employment, then (a) such payment or benefit shall be made or provided to the Participant only upon a “separation from service” as defined for purposes of Section 409A under applicable regulations and (b) if the Participant is a “specified employee” (within the meaning of Section 409A and as determined by the Company), such payment or benefit shall be made or provided on the date that is six months and one day after the date of the Participant’s separation from service (or earlier death). Any amount not paid in respect of the six-month period specified in the preceding sentence will be paid to the Participant in a lump sum on the date that is six months and one day after the Participant’s separation from service (or earlier death). Each payment made under the Plan shall be deemed to be a separate payment for purposes of Section 409A. If and to the extent that any Award is determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A and such Award is payable to a Participant upon a Change in Control, then no payment shall be made pursuant to such Award unless such Change in Control constitutes a “change in the ownership of the corporation”, “a change in effective control of the corporation”, or “a change in the ownership of a substantial portion of the assets of the corporation” within the meaning of Section 409A; provided that if such Change in Control does not constitute a “change in the ownership of the corporation”, “a change in effective control of the corporation”, or “a change in the ownership of a substantial portion of the assets of the corporation” within the meaning of Section 409A, then the Award shall still fully vest upon such Change in Control, but shall be payable upon the original schedule contained in the Award. If and to the extent that any Award is determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A and such Award is payable to a Participant upon disability, then no payment shall be made pursuant to such Award unless such disability constitutes “disability” within the meaning of Section 409A; provided that if such disability does not constitute “disability” within the meaning of Section 409A, then the Award shall still fully vest upon such disability, but shall be payable upon the original schedule contained in the Award. Neither the Company nor its affiliates shall have any liability to

 

     

    	 

    

 

	 	 	any Participant, Participant’s spouse or other beneficiary of any Participant’s spouse or other beneficiary of any Participant or otherwise if the Plan or any amounts paid or payable hereunder are subject to the additional tax and penalties under Section 409AExhibit
10.2

 

PROMISSORY
NOTE

 

THE
SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY APPLICABLE STATE LAW, AND
NO INTEREST THEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION INVOLVING SAID SECURITIES
OR (B) THIS COMPANY RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF THESE SECURITIES (CONCURRED IN BY LEGAL COUNSEL FOR
THIS COMPANY) STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION OR (C) THIS COMPANY OTHERWISE SATISFIES ITSELF THAT SUCH
TRANSACTION IS EXEMPT FROM REGISTRATION.  NEITHER THE OFFERING OF THE SHARES NOR ANY OFFERING MATERIALS HAVE BEEN REVIEWED BY
ANY ADMINISTRATOR UNDER THE SECURITIES ACT OF 1933 OR ANY APPLICABLE STATE LAW.

 

PREVENTION
INSURANCE.COM

 

PROMISSORY
NOTE

 

	$______________	Date:                         
	_____________	 

 

New
York, New York

 

For
value received, Prevention Insurance.com, a Nevada corporation (the “Company”), promises to pay to Paragon
Capital LP (the “Holder”), the principal sum of _____________ Dollars ($________), together with interest thereon
from the date of this Note on the unpaid principal balance (the “Balance”). This Note is subject to the following
terms and conditions.

 

1.         Notes.This
note (the “Note”) is issued as of __________ in exchange for $__________ of various Demand Promissory Notes issued
to Paragon Capital LP.

 

2.         Maturity.Subject
to Section 4, principal and any accrued but unpaid interest under this Note shall be due and payable to the Holder on August 31,
2017 (the “Maturity Date”). The Company hereby waives presentment, demand, protest or any other notice of any
kind.

 

3.         Interest Rate.  Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal
to six percent (6%) per annum, compounded and paid at the Maturity Date.

 

4.         Conversion.

 

(a)     Note Conversion.  While the Note is outstanding, the outstanding principal amount of and all unpaid accrued interest
under this Note shall be convertible into shares of Common Stock of the Company at the lower of $0.01 per share. The Holder agrees
to deliver the original of this Note (or a notice to the effect that the original Note has been lost, stolen or destroyed and
an agreement acceptable to the Company whereby the Holder agrees to indemnify the Company from any loss incurred by it in connection
with this Note) to the Company promptly following the date of such election; provided, however, that, notwithstanding
the foregoing, upon satisfaction of the conditions set forth in this Section, this Note shall be deemed converted and of no further
force and effect, whether or not it is delivered for cancellation as set forth in this sentence. In the event there are an insufficient
number of shares of Common Stock for issuance upon conversion of the Notes, the Company covenants and agrees to use reasonable
best efforts to authorize additional shares to provide for such conversion of the Notes.

 

(b)      Mechanics
and Effect of Conversion.  No fractional shares of the Company’s capital stock will be issued upon conversion of
this Note and, in lieu thereof, any fraction otherwise issuable shall be rounded down to the next whole share.  Upon conversion
of this Note pursuant to this Section 4, at its expense, the Company will, as soon as practicable and in any event within ten
(10) business days, thereafter, issue and deliver to such Holder, at such principal office, a certificate or certificates for
the number of shares to which such Holder is entitled upon such conversion, together with any other securities and property to
which the Holder is entitled upon such conversion under the terms of this Note, including a check payable to the Holder for any
cash amounts payable as described herein.  Upon conversion of this Note, the Company will be forever released from all of its
obligations and liabilities under this Note with regard to that portion of the principal amount and accrued interest being converted
including without limitation the obligation to pay such portion of the principal amount and accrued interest.

 

     

    

    

 

5.        Payment.
All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time
to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and
the remainder applied to principal. The Company may prepay this Note at any time with 10 days written notice. The Note will be
a general unsecured obligation of the Company, but will be senior to all of the Company’s indebtedness for borrowed money
as of the date of the commencement of the Company’s offering of the Note.

 

6.         Transfer;
Successors and Assigns.  The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties. Notwithstanding the foregoing, neither party may assign or otherwise transfer this Note
without the prior written consent of the other party hereto, except that the Holder hereof may transfer such Note to (a) an entity
controlling, controlled by or under common control with any Holder that is not an individual (for purposes of this provision,
“control” shall have the meaning ascribed to it in Rule 12b-2 of the General Rules and Regulations of the Securities
Exchange Act of 1934) (an “Affiliate”) or (b) a transferee or assignee that after the transfer or assignment holds
all of the securities of the Company purchased by the original Holder. Subject to the preceding sentence, this Note may be transferred
only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written
instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal amount and interest will
be issued to, and registered in the name of, the transferee. Interest and principal are payable only to the registered holder
of this Note.

 

7.         Governing Law.  This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties
hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect
to principles of conflicts of law.

 

8.         Notices.  Any notice required or permitted by this Note shall be in writing and shall be deemed sufficient upon
delivery, when delivered personally or by a nationally- recognized delivery service (such as Federal Express or UPS), or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered mail return receipt requested, with postage prepaid,
addressed to the party to be notified at such party’s address as set forth below or as subsequently modified by written
notice.

 

9.         Amendments and Waivers.  Any term of the Notes may be amended or waived only with the written consent of the Company
and the holders of a majority in amount of the Notes.  Upon the effectuation of such amendment or waiver in accordance with this
Section 9, the Company shall promptly give written notice thereof to the record holders of the Notes that have not previously
consented thereto in writing, and such amendment or waiver shall be binding upon the Company, the Holder and each transferee of
the Note.

 

10.       Usury.  In no event shall the interest rate and other charges under this Note exceed the highest rate permissible
under any law that a court of competent jurisdiction shall, in a final determination, deem applicable hereto.  In the event that
a court determines that Holder has received interest and other charges under this Note in excess of the highest permissible rate
applicable hereto, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the outstanding
principal amount hereunder and the provisions thereof shall be amended to provide for the highest permissible rate. If there is
no outstanding principal amount due under this Note, Holder shall refund such excess to the Company.

 

11.       Expenses; Waivers.  The Company hereby agrees, subject only to any limitation imposed by applicable law, to pay
all expenses, including reasonable attorneys' fees and legal expenses, incurred by the Holder of this Note in endeavoring to collect
any amounts payable hereunder which are not paid when due, whether by declaration or otherwise. The parties hereby expressly waive
presentment, demand for payment, dishonor, notice of dishonor, protest, notice of protest, and any other formality.

 

    	 	2	 

    

    

 

12.       Voting.
The Note shall have no voting rights prior to conversion.

 

	 	PREVENTION
    INSURANCE.COM
	 	 	 
	 	 
	 	By:  	110 East
    59th Street, 22nd fl.
	 	 	New York,
    NY 10022

 

	AGREED TO AND ACCEPTED:	 
	 	 	 
	PARAGON CAPITAL LP	 
	 	 	 
	By:	 	 
	Name:	 	 

 

 

3

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