Document:

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                                                                  Exhibit 10.10

                               THE PROVIDENT BANK
                          VOLUNTARY BONUS DEFERRAL PLAN

     The Provident Bank ("Bank"), establishes this Voluntary Bonus Deferral Plan
("Plan") effective January 25, 1996 , to enable eligible employees to defer some
part, or all, of any future bonus awarded to them under the Bank's Management
Incentive Bonus Program ("MIBP").

     1. Election to Defer. An eligible employee may participate in this Plan by
executing a form of deferral election, a copy of which is annexed hereto as
Exhibit "A", under which each calendar year the eligible employee can elect
irrevocably to defer the receipt of either one-half (1/2) or all of any bonus
that may be awarded to the employee under the MIBP in the following calendar
year. In no event shall any bonus deferral be permitted with respect to any
bonus previously or concurrently awarded under the MIBP and which the eligible
employee would otherwise have the unrestricted right to receive currently.
Except for the first year of the Plan, any election by an eligible employee to
defer a future bonus shall be made in the calendar year next preceding the
calendar year of the bonus award. Subject to the provisions of the Plan, an
eligible employee's election shall specify in the deferral election form when
and in what manner distribution shall be made of any deferred bonus awards and
shall further designate the person or persons to receive distribution thereof in
the event of his death.

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     2. Period of Deferral. An eligible employee may defer a bonus award for a
period of 5 years, 10 years, or until attainment of age 60 or 65 as he may
elect, but in no event shall any amount be deferred beyond the taxable year in
which such employee attains age 65.

     3. Investment and Adjustment of Bonus Awards. Any award deferred pursuant
to an eligible employee's election as aforesaid shall be invested by the Board
of Managers, in its sole discretion, in a portfolio of assets consisting of any
combination of obligations of the United States with maturities not exceeding
five years in duration. From time to time the value of the portfolio shall be
adjusted to reflect all interest paid or accrued thereon, as well as any
realized and unrealized gains and losses. A separate account shall be maintained
in the name of each eligible employee which account shall be credited with the
amount of such employee's deferred bonuses. From time to time, the value of each
account shall be adjusted to reflect its proportionate share of the net
increment or decrement in the portfolio of assets established hereunder. For
purposes of making any distribution under paragraph 4 below the value of an
eligible employee's interest in the portfolio shall be its value (adjusted as
aforesaid) as of the last day of the month next preceding the month distribution
occurs.

     4. Payment of Deferred Bonus Awards. Except as

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otherwise provided in this paragraph, or in the case of a hardship distribution
described in paragraph 5 or a "Change in Control" described in paragraph 6, the
amount of an eligible employee's separate account (adjusted as provided in
paragraph 3) shall be distributed to the eligible employee in a lump-sum or in
annual installments after such number of years or after attaining such age as he
may elect in accordance with paragraph 2, or, in the event of his death or total
disability, in a lump-sum to the employee or to the person or persons designated
by the eligible employee to receive such distribution. An eligible employee who
wishes to receive a distribution of his separate account in installments may
elect to receive it in either three (3) or five (5) annual installments. If
distribution is to be made in annual installments, the amount of each
installment shall be equal to the adjusted value of the eligible employee's
separate account determined in accordance with paragraph 3 above multiplied by a
fraction, the numerator of which is one and the denominator of which is the
number of installment payments remaining to be made. If an eligible employee's
service is terminated for reasons other than death or disability prior to his
attainment of age 62, the undistributed balance of such employee's separate
account shall be paid to him in a single lump sum within a reasonable time
following termination of service. If an eligible employee's service is
terminated for reasons other than his death or total disability after he attains
age 62,

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the Board of Managers may, in its sole discretion, after receipt of a written
request by such employee, pay the undistributed balance of such employee's
separate account in a single lump sum within a reasonable time following
termination of service. The preceding two sentences shall govern notwithstanding
that such payment would be made prior to the year it is otherwise due in full or
scheduled to commence in installments in accordance with such employee's
election.

     5. Hardship Distributions. Notwithstanding the provisions of paragraphs 1
and 4 hereof, upon request of an eligible employee the Board of Managers, in its
sole discretion, may permit the distribution of some portion or all of his
separate account prior to the time or times otherwise specified in such
employee's deferral election. Such distribution shall only be permitted upon a
finding by the Board of Managers of a demonstrated financial hardship of the
eligible employee. The term "demonstrated financial hardship" means a financial
need of the eligible employee attributable to (a) unreimbursed medical expenses
exceeding $5,000 incurred in behalf of the eligible employee, his spouse,
children or any other dependents included in such employee's federal income tax
return, or (b) the cost of tuition and other expenses incurred in connection
with the post-secondary education of the eligible employee or any of his
dependents, or (c) expenses incurred in the purchase of the eligible employee's
primary residence. Any distribution made pursuant

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to this paragraph shall, in all cases, be limited by the Board of Managers to
the amount of the demonstrated financial need.

     6. Distribution in the Event of a Change in Control. Notwithstanding any
other provision of this Plan or of any election made by an eligible employee
with respect to the period of any bonus deferral or the form and timing of any
distributions from his separate account, the undistributed balance thereof shall
be distributed to him within 60 days of the date of a "Change in Control" as
hereafter defined. For purposes hereof, a "Change in Control" shall be deemed to
have occurred if The Provident Bank is merged or consolidated with, or acquired
or controlled by, any person, company or financial institution; provided,
however, that no Change in Control shall be deemed to have occurred as a result
of the following events: (a) a merger or consolidation of The Provident Bank
with one or more financial institutions in which The Provident Bank is the
"receiving savings bank" (as defined in N.J.S.A. 17:9A-205 (B)(2)), or in which
The Provident Bank is otherwise deemed to be the successor entity; (b) a
conversion of The Provident Bank into a capital stock savings bank pursuant to
federal or state law, provided that the capital stock savings bank (or its
parent holding company) is not "controlled" by any person or company, as defined
in the federal Bank Holding Company Act (other than mutual holding company
formed by The

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Provident Bank); (c) the formation of a mutual holding company and subsidiary
capital stock savings bank by The Provident Bank, provided that at least a
majority of the capital of the subsidiary capital stock savings bank or its
parent holding company is owned by the mutual holding company; or (d) a charter
conversion by The Provident Bank into any other form of state or
federally-chartered financial institution.

     7. Rights of Eligible Employee or Other Distributee. Nothing contained
herein, and no action taken pursuant to the provisions hereof shall create, or
be deemed to create a trust of any kind, or to establish any fiduciary
relationship between the Bank and any eligible employee or other distributee.
All payments made pursuant to this Plan shall be made from the general assets of
the Bank. To the extent that any person acquires a right to receive payments
from the Bank under the provisions hereof, such right shall be no greater than
the right of an unsecured general creditor of the Bank. The Bank shall retain
and exercise all rights of ownership of any assets of the portfolio established
in accordance with paragraph 3 hereof, and neither the eligible employee nor any
other person shall have any claim or right to any of such funds or other
property.

     8. Nonassignability of Benefits. Neither the eligible employee nor any
other person shall have any power or right to assign, anticipate, hypothecate or
otherwise encumber any deferred bonus awards payable by the Bank hereunder, nor
shall

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any such awards be transferable by operation of law in the event of the
bankruptcy or insolvency of the eligible employee or other person.

     9. Administration of the Plan. The Board of Managers shall have the
exclusive authority to manage and control the operation and administration of
the Plan and shall be the named fiduciary as described in section 402(a) of the
Employee Retirement Income Security Act of 1974. The Board of Managers shall
make all determinations regarding the right of any person to receive a benefit
under the Plan and to determine the amount and time of distribution thereof in
accordance with the provisions of this Plan and the eligible employee's
election. The interpretation and construction of this Plan by the Board of
Managers, and any action taken hereunder, shall be binding and conclusive upon
the eligible employee and any other person claiming any rights hereunder. The
Board of Managers may from time to time delegate to such person or persons or to
such committee as it shall designate any one or more of its administrative
duties under the Plan.

     10. Right to Amend and Terminate the Plan. The Bank reserves the right to
amend the Plan in whole or in part and to terminate the Plan at any time,
provided that no such action shall affect the rights of any eligible employee or
other person to receive payment of benefits in accordance with the terms of the
Plan as in effect on the day immediately preceding the effective date of such
amendment or termination.

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     11. Special Terms, Gender and Number. Whenever used herein, the term "Board
of Managers" shall mean the Board of Managers of The Provident Bank. The term
"total disability" shall mean a physical or mental condition that renders an
eligible employee incapable of carrying out the ordinary duties and
responsibilities of his usual occupation. Whenever the context shall require,
the masculine gender shall be construed to include the feminine and the singular
number the plural.

     12. Incompetency. If the Board of Managers determines that an eligible
employee (or the designated beneficiary of an eligible employee) is unable to
manage his affairs, it may, in its sole discretion, pay any amount due to such
person to the individual or institution then providing for the care, maintenance
and support of such person, unless prior to such payment claim shall be made
therefor by a duly appointed guardian, committee or other legal representative
designated to receive such payment on behalf of such person.

     13. Applicable Law. This Plan shall be governed and construed in accordance
with the laws of the State of New Jersey to the extent not inconsistent with
applicable federal law.

     IN WITNESS WHEREOF, The Provident Bank has adopted this Deferred Bonus Plan
effective as of January 25, 1996.

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                                        THE PROVIDENT BANK

                                        By: /s/ Paul M. Pantozzi
                                            --------------------------
                                        Its President and Chief
                                              Executive Officer

                                        9Prepared by R.R. Donnelley Financial -- 2000 Employee Stock Purchase Plan

 Exhibit 4.1 
  
 SONIC INNOVATIONS, INC. 
 2000 EMPLOYEE STOCK PURCHASE PLAN 
 (Amended and restated as of August 15, 2002) 
  
 The following constitute the provisions of the 2000
Employee Stock Purchase Plan of Sonic Innovations, Inc. (the “Plan”). 
  
 1.    Purpose.    The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through
accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, shall be
construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. 
  
         2.    Definitions. 
  
 (a)  “Board” means the Board of Directors of the Company or any committee thereof designated by the Board of Directors of the Company in accordance with Section 14 of the
Plan. 
  
 (b)  “Code” means the Internal Revenue Code of 1986, as amended.

  
 (c)  “Common Stock” means the common stock of the Company.

  
 (d)  “Company” means Sonic Innovations, Inc. and any Designated
Subsidiary of the Company. 
  
 (e)  “Compensation” means all gross
earnings including commissions, overtime, shift premium, incentive compensation, bonuses and other compensation. 
  
 (f)  “Designated Subsidiary” means any subsidiary of the Company that has been designated by the Board as eligible to participate in the Plan. 
  
 (g)  “Employee” means any individual who is an employee of the Company for tax purposes. For purposes of the Plan, the employment
relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company. Where the period of leave exceeds 90 days and the individual’s right to reemployment is not guaranteed
either by statute or by contract, the employment relationship shall be deemed to have terminated on the 91st day of such leave. 
  
 (h)  “Enrollment Date”
means the first Trading Day of each Offering Period. 
  
 (i)  “Exercise
Date” means the last Trading Day of each Purchase Period. 
  
 (j)  “Fair
Market Value” means, as of any date, the value of Common Stock determined as follows: 

  
 (i)  If the Common Stock is listed on any established
stock exchange or a national market system, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the date
of determination. 
  
 (ii)  If the Common Stock is regularly quoted by a recognized
securities dealer but selling prices are not reported, its Fair Market Value shall be the mean of the closing bid and asked prices for the Common Stock prior to the date of determination. 
  
 (iii)  In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Board;
or 
  
 (iv)  For purposes of the Enrollment Date of the first Offering Period under the
Plan, the Fair Market Value shall be the initial price to the public as set forth in the final prospectus included within the registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”) for the initial
public offering of the Company’s Common Stock (the “Registration Statement”). 
  
 (k)  “Offering Periods” means the periods of approximately 24 months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after May 1st and November 1st of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the
first Trading Day on or after the date on which the SEC declares the Company’s Registration Statement effective and ending on the last Trading Day on or before April 30, 2002 The duration and timing of Offering Periods may be changed pursuant
to Section 4 of this Plan. 
  
 (l)  “Plan” means this 2000 Employee Stock
Purchase Plan. 
  
 (m)  “Purchase Period” means the approximately six
month period commencing after one Exercise Date and ending with the next Exercise Date. 
  
 (n)  “Purchase Price” means 85% of the Fair Market Value of a share of Common Stock on the Enrollment Date or on the Exercise Date, whichever is lower; provided however, that the Purchase Price may be
adjusted by the Board pursuant to Section 20. 
  
 (o)  “Trading Day” means
a day on which national stock exchanges are open for trading. 
  
         3.    Eligibility. 
  
 (a)  Any Employee who shall be employed by the Company on a given Enrollment Date shall be eligible to participate in the Plan. 
  
 (b)  Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan (i) to the extent that,
immediately after the grant, such Employee (or any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own capital stock of the Company and/or hold outstanding options to purchase 

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 such stock possessing five percent (5%) or more of the total combined voting
power or value of all classes of capital stock of the Company or any subsidiary; or (ii) to the extent that his or her rights to purchase stock under all employee stock purchase plans of the Company and its subsidiaries accrues at a rate which
exceeds Twenty Five Thousand Dollars ($25,000) worth of stock (determined at the fair market value of the shares at the time such option is granted) for each calendar year in which such option is outstanding at any time. 
  
 4.    Offering Periods.    The Plan shall be implemented by consecutive, overlapping
Offering Periods with a new Offering Period commencing on the first Trading Day on or after May 1st and
November 1st each year, or on such other date as the Board shall determine; provided, however, that the
first Offering Period shall commence with the first Trading Day on or after the date on which the SEC declares the Company’s Registration Statement effective and ending on the last Trading Day on or before April 30, 2002. The Board shall have
the power to change the commencement dates and duration of Offering Periods with respect to future offerings without shareholder approval if such change is announced at least five (5) days prior to the scheduled beginning of the first Offering
Period to be affected thereafter. 
  
         5.    Participation. 
  
 (a)  An eligible Employee may become a participant in the Plan by completing an agreement authorizing payroll deductions in the form of Exhibit A and filing it with the Company’s human resources department prior to the
applicable Enrollment Date. 
  
 (b)  Payroll deductions for a participant shall commence on
the first payroll following the Enrollment Date and shall end on the last payroll in the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in Section 10 hereof. 

 
         6.    Payroll Deductions.

  
 (a)  At the time a participant files his or her subscription agreement, he or she shall
elect to have payroll deductions made on each pay day during the Offering Period in an amount not exceeding ten percent (10%) of the Compensation which he or she receives on each pay day during the Offering Period. 
  
 (b)  All payroll deductions made for a participant shall be credited to his or her account under the Plan and
shall be withheld in whole percentages only. A participant may not make any additional payments into such account. 
  
 (c)  A participant may discontinue his or her participation in the Plan as provided in Section 10 hereof, or may increase or decrease the rate of his or her payroll deductions during the Offering Period by filing
with the Company a new agreement authorizing a change in payroll deduction rate. A participant’s agreement shall remain in effect for successive Offering Periods unless terminated as provided in Section 10 hereof. 
  
 (d)  Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and
Section 3(b) hereof, a participant’s payroll deductions may be decreased by the Company at any time during a Purchase Period. Payroll deductions shall recommence at the 
 

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 rate provided in such participant’s agreement at the beginning of the first Purchase Period which is scheduled to
end in the following calendar year. 
  
 (e)  At the time the Company’s Common Stock
issued under the Plan is disposed of, the participant must make adequate provision for the Company’s federal, state, or other tax withholding obligations, if any, which arise upon the disposition of the Common Stock. The Company may, but shall
not be obligated to, withhold from the participant’s compensation the amount necessary for the Company to meet applicable withholding obligations. 
  
 7.    Grant of Option.    On the Enrollment Date of each Offering Period, each participating Employee shall be granted an option to purchase on each
Exercise Date up to a number of shares of the Company’s Common Stock determined by dividing such Employee’s payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s account as of the Exercise Date
by the applicable Purchase Price; provided that in no event shall an Employee be permitted to purchase during each Purchase Period more than 5,263 shares of the Company’s Common Stock (subject to any adjustment pursuant to Section 19), and
provided further that such purchase shall be subject to the limitations set forth in Sections 3(b) and 13 hereof. The Board may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of the
Company’s Common Stock an Employee may purchase during each Purchase Period of such Offering Period. Exercise of the option shall occur as provided in Section 8 hereof, unless the participant has withdrawn pursuant to Section 10 hereof. The
option shall expire on the last day of the Offering Period. 
  
 8.    Exercise of Option.

  
 (a)  Unless a participant withdraws from the Plan as provided in Section 10 hereof, his
or her option for the purchase of shares shall be exercised automatically on the Exercise Date, and the maximum number of full shares subject to option shall be purchased for such participant at the applicable Purchase Price with the accumulated
payroll deductions in his or her account. No fractional shares shall be purchased; any payroll deductions accumulated in a participant’s account which are not sufficient to purchase a full share shall be retained in the participant’s
account for the subsequent Purchase Period. 
  
 (b)  If the Board determines that, on a
given Exercise Date, the number of shares with respect to which options are to be exercised may exceed the number of shares of Common Stock that were authorized under the Plan, the Board may in its sole discretion provide that the Company shall make
a pro rata allocation of the shares of Common Stock available for purchase on such Exercise Date, and (i) continue all Offering Periods then in effect, or (ii) terminate any or all Offering Periods then in effect pursuant to Section 20 hereof.

  
 9.    Delivery.    As promptly as practicable after each Exercise
Date on which a purchase of shares occurs, the Company shall arrange the delivery to each participant, as appropriate, of a certificate representing the shares purchased upon exercise of his or her option. 
  
 10.    Withdrawal.    A participant may withdraw all but not less than all the payroll
deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by giving written notice to the Company in the form of Exhibit B. All of the participant’s 
 

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 payroll deductions credited to his or her account shall be paid to such participant promptly after receipt of notice of withdrawal and such
participant’s option for all Offering Periods then in progress shall be automatically terminated, and no further payroll deductions for the purchase of shares shall be made for such Offering Periods. Payroll deductions shall not resume at the
beginning of the succeeding Offering Period unless the participant delivers to the Company a new agreement. 
  
 11.    Termination of Employment. 
  
 Upon a participant’s ceasing to
be an Employee for any reason, he or she shall be deemed to have elected to withdraw from the Plan and the payroll deductions credited to such participant’s account during the Purchase Period but not yet used to exercise the option shall be
returned to such participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15 hereof, and such participant’s option shall be automatically terminated. 
  
 12.    Interest.    No interest shall accrue on the payroll deductions of a participant in
the Plan. 
  
 13.    Stock. 
  
 Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the Company’s Common Stock which
shall be made available for sale under the Plan shall be 618,421 shares plus an annual increase on January 1st of each year equal to the lesser of (a) 2% of the outstanding shares on such date, (b) 200,000 shares, or (c) a lesser amount determined
by the Board. 
  
 (a)  The participant shall have no interest or voting right in shares
covered by his option until such option has been exercised. 
  
 (b)  Shares to be delivered
to a participant under the Plan shall be registered in the name of the participant or in the name of the participant and his or her spouse. 
  
 14.    Administration.    The Plan shall be administered by the Board or a committee of members of the Board appointed by the Board. The Board or its
committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan. Every finding, decision and determination
made by the Board or its committee shall, to the full extent permitted by law, be final and binding upon all parties. 
  
 15.    Designation of Beneficiary.    A participant may file a written designation of a beneficiary who is to receive any shares and cash from the participant’s account under the
Plan in the event of such participant’s death. If a participant is married and the designated beneficiary is not the spouse, spousal consent shall be required for such designation to be effective. Such designation of beneficiary may be changed
by the participant at any time by written notice. In the event of the death of a participant and in the absence of a valid beneficiary, the Company shall deliver such shares and cash to the executor or administrator of the estate of the participant.

  
 16.    Transferability.    Neither payroll deductions credited to
a participant’s account nor any rights with regard to the exercise of an option to receive shares under the Plan may be assigned, 
 

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 transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and
distribution, or as provided in Section 15 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect. 
  
 17.    Use of Funds.    All payroll deductions received or held by the Company under the Plan may be used by the Company for
any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
  
 18.    Reports.    Individual accounts shall be maintained for each participant in the Plan. Statements of account shall be given to participating Employees at least annually, which
statements shall set forth the amounts of payroll deductions, the Purchase Price, the number of shares purchased and the remaining cash balance, if any. 
  
 19.    Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. 
  
 (a)  Changes in Capitalization.    Subject to any required action by the shareholders of the Company, the shares
authorized and remaining under the Plan, the maximum number of shares each participant may purchase each Purchase Period, the price per share and the number of shares of Common Stock covered by each option under the Plan which has not yet been
exercised shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any
other increase or decrease in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been
“effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. 

 
 (b)  Dissolution or Liquidation.    In the event of the proposed
dissolution or liquidation of the Company, the Offering Period then in progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”). The Board shall notify each participant in writing, at least ten (10) business
days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date. 
  
 (c)  Merger or Asset Sale.    In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into
another corporation, each outstanding option shall be assumed or an equivalent option substituted by the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, any Purchase Periods then in
progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”) and any Offering Periods then in progress shall end on the New Exercise Date. The Board shall notify each participant in writing, at least ten (10)
business days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date. 
 

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 20.    Amendment or Termination. 

 
 (a)  The Board of Directors of the Company may at any time and for any reason terminate or amend the
Plan. Except as provided in Section 20 hereof, no such termination can affect options previously granted, provided that an Offering Period may be terminated by the Board of Directors on any Exercise Date if the Board determines that the termination
of the Offering Period or the Plan is in the best interests of the Company and its shareholders. Except as provided in Section 19 and this Section 20 hereof, no amendment may make any change in any option theretofore granted which adversely affects
the rights of any participant. To the extent necessary to comply with Section 423 of the Code (or any successor rule or provision or any other applicable law, regulation or stock exchange rule), the Company shall obtain shareholder approval in such
a manner and to such a degree as required. 
  
 (b)  Without shareholder consent and without
regard to whether any participant rights may be considered to have been “adversely affected,” the Board (or its committee) shall be entitled to change the Offering Periods, limit the frequency and/or number of changes in the amount
withheld during an Offering Period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or
mistakes in the Company’s processing of properly completed withholding elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock
for each participant properly correspond with amounts withheld from the participant’s Compensation, and establish such other limitations or procedures as the Board (or its committee) determines in its sole discretion advisable which are
consistent with the Plan. 
  
 (c)  In the event the Board determines that the ongoing
operation of the Plan may result in unfavorable financial consequences, the Board may, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce or eliminate such financial consequences including, but not
limited to: (i) altering the Purchase Price for any Offering Period including an Offering Period underway; (ii) shortening any Offering Period so that Offering Period ends on a new Exercise Date, including an Offering Period underway; and (iii)
allocating shares. Such modifications or amendments shall not require shareholder approval or the consent of any Plan participants. 
  
 21.    Notices.    All notices or other communications by a participant to the Company in connection with the Plan shall be deemed to have been duly given when received in the
form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 22.    Conditions Upon Issuance of Shares.    Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares
pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the requirements of any stock
exchange upon which the shares may then be listed. 
  
 As a condition to the exercise of an option,
the Company may require the person exercising such option to represent and warrant at the time of any such exercise that the shares are 
 

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 being purchased only for investment and without any present intent to sell or distribute such shares if, in the opinion
of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law. 
  
 23.    Term of Plan.    The Plan shall become effective upon of its adoption by the Board of Directors and approval by the shareholders of the Company. It shall continue in effect for a
term of 10 years unless sooner terminated under Section 20 hereof. 
  
 24.    Automatic
Transfer to Low Price Offering Period.    To the extent permitted by any applicable laws, regulations, or stock exchange rules, if the Fair Market Value of the Common Stock on any Exercise Date in an Offering Period is lower
than the Fair Market Value of the Common Stock on the Enrollment Date of such Offering Period, then all participants in such Offering Period shall be automatically withdrawn from such Offering Period immediately after the exercise of their option on
such Exercise Date and automatically re-enrolled in the immediately following Offering Period as of the first day thereof. 
 

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 Exhibit A 
  
 SONIC INNOVATIONS, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
 AGREEMENT 
  
 
	 
	 ____
 	 	 Original Application
 	  	 Enrollment Date:
 	  	 __________
 
	 
	 ____
 	 	 Change in Payroll Deduction Rate
 	  	  	  	  
	 
	 ____
 	 	 Change of Beneficiary
 	  	  	  	  

 

	1.
	 
	I hereby elect to participate in the Employee Stock Purchase Plan (the “ESPP”) and to purchase shares of the company’s common stock in accordance
with this Agreement and the ESPP. 
 

	2.
	 
	I hereby authorize payroll deductions from each paycheck in the amount of             % of my
compensation on each payday (from 0 to 10% in whole percentages) during the purchase period. 
 

	3.
	 
	I understand that if I do not withdraw from a purchase period, my accumulated payroll deductions will be used to automatically purchase shares of common stock
at the applicable purchase price. 
 

	4.
	 
	I have received a copy of the complete ESPP. I understand that my participation in the ESPP is in all respects subject to the terms of the ESPP and I hereby
agree to be bound by the terms of the ESPP. 
 

	5.
	 
	My shares purchased under the ESPP should be issued in the name(s) of: 
 

  
 

	    
	 
	(Employee or Employee and Spouse only). 
 

	6.
	 
	I understand that if I dispose of any shares received by me pursuant to the ESPP within one year after the purchase date, I will be treated for federal income
tax purposes as having received ordinary income at the time of such disposition in an amount equal to the excess of the fair market value of the shares at the time such shares were purchased by me over the price which I paid for the shares. I hereby
agree to notify the company in writing within 30 days after the date of any disposition of my shares and I will make adequate provision for federal, state or other tax withholding obligations, if any, which arise upon the disposition of the shares.
The company may, but will not be obligated to, withhold from my compensation the amount necessary to meet any applicable withholding obligation. 
 

	7.
	 
	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and shares due me under the ESPP: 

  
 
	 

	 (Name)
 	 	 (Social Security Number)
 	 	 (Relationship)
 

 
  
 I UNDERSTAND THAT THIS AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE PURCHASE
PERIODS UNLESS TERMINATED BY ME. 
  
 
	 Dated:
 	 	  	 	  
	  	  	 
	 	  	 	  	 	 

	  	  	  	 	  	 	  	 	 Signature of Employee            Social Security Number
 
	 
	  	 	  	 	  
	  	  	  	 	  	 	  	 	 

	  	  	  	 	  	 	  	 	 Spouse’s Signature (If beneficiary other than spouse)
 

 

  
 Exhibit B 
  
 SONIC INNOVATIONS, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
 NOTICE OF WITHDRAWAL 
  

	 ̈
	 
	I hereby withdraw from the Employee Stock Purchase Plan (the “ESPP”) effective immediately and direct the company to pay me as promptly as practicable
all the payroll deductions credited to my account with respect to the ESPP. 
 

  

	 ̈
	 
	I hereby withdraw from the ESPP effective immediately and direct the company to purchase shares with the payroll deductions already credited to my account at
the end of the current purchase period. 
 

  

	    
	 
	I understand that upon withdrawal no further payroll deductions will be made as of my withdrawal date. I understand that I shall be eligible to participate in
succeeding purchase periods only by delivering to the Company a new ESPP Agreement. 
 

  
  
 
	  
	 
	  	 	 

	  	 	 Name
 
	  
	 
	  	 	 

	  	 	 Social Security Number                                
        
 
	  
	 
	  	 	 

	  	 	 Signature
 
	  
	 
	  	 	 

	  	 	 Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]