Document:

WWW.EXFILE.COM, INC. -- 14384 -- BOSTON SCIENTIFIC CORP. -- EXHIBIT 10.2 TO FORM 8-K

    EXHIBIT
      10.2

     

    BOSTON
      SCIENTIFIC CORPORATION

    

    INTENT
      TO GRANT

    

    DEFERRED
      STOCK UNIT AWARD AGREEMENT

     

    This
      Agreement, dated as of the _____ day of ____________, 2006 (the "Grant Date"),
      is between Boston Scientific Corporation, a Delaware corporation (the
      "Company"), and the person whose name appears on the Signature Page of this
      Agreement (the "Participant"), an employee of the Company or any of its
      affiliates or subsidiaries. All capitalized terms not otherwise defined herein
      shall have the meaning ascribed thereto in the Company's Long-Term Incentive
      Plan set forth on the Signature Page of this Agreement (the "Plan").

    

    This
      Agreement must be signed by the Participant and returned to the Stock Award
      Administration Department of the Company at least six (6) months prior to the
      first intended issue date described herein in order to be
      effective.

    

    1. 
Grant
      and Acceptance of Award.
      The
      Company hereby indicates its intent to award to the Participant that number
      of
      Deferred Stock Units set forth on the Signature Page of this Agreement (the
      "Unit"), each Unit representing the Company's commitment to issue to Participant
      one share of the Company's common stock, par value $.01 per share (the "Stock"),
      subject to certain eligibility and other conditions set forth herein. The award
      is intended to be granted pursuant to and is subject to the terms and conditions
      of this Agreement and the provisions of the Plan. 

    

    2. 
Eligibility
      Conditions upon Award of Units.
      Participant hereby acknowledges the intent of the Company to award Units subject
      to certain eligibility and other conditions set forth herein. 

    

    3. 
Satisfaction
      of Conditions.
      Except
      as otherwise provided in Section 5 hereof (relating to death of the
      Participant), Section 6 hereof (relating to Disability of the Participant)
      and
      Section 8 hereof (relating to Change in Control of the Company), the Company
      intends to award shares of Stock hereunder subject to the eligibility conditions
      described in Section 7 hereof in approximately equal annual installments on
      each
      of four anniversaries of the date first set forth above, beginning on the second
      anniversary of the date of grant. No shares of Stock shall be issued to
      Participant prior to the date on which the Units vest.

    
      
         

        

         

      

      
        
        

        
          

        

      

      
         

      

    

     

    4. 
Participant's
      Rights in Stock.
      The
      shares of Stock if and when issued hereunder shall be registered in the name
      of
      the Participant and evidenced in the manner as the Company may determine. During
      the period prior to the issuance of Stock, the Participant will have no rights
      of a stockholder of the Company with respect to the Stock, including no right
      to
      receive dividends or vote the shares of Stock.

    

    5. 
Death.
      Upon
      the death of the Participant while employed by the Company and its affiliates
      or
      subsidiaries, the Company will issue to the Participant or beneficiary of the
      Participant as set forth under the provisions of the Company's program of life
      insurance for employees, any shares of Stock to Participant to be awarded
      hereunder that remain subject to eligibility conditions.

    

    6. 
Disability.
      In the
      event of the Participant's Disability, the Company will issue to Participant
      any
      shares of Stock to be awarded hereunder that remain subject to eligibility
      conditions.

    

    7. 
Other
      Termination of Employment -- Eligibility Conditions.
      If the
      employment of the Participant with the Company and its affiliates or
      subsidiaries is terminated or Participant separates from the Company and its
      affiliates or subsidiaries for any reason (including
      Retirement)
      other
      than death, Disability, any Units that remain subject to eligibility conditions
      shall be void and no Stock shall be issued. Eligibility to be issued shares
      of
      Stock is conditioned on Participant’s continuous employment with the Company
      through and on the applicable anniversary of the date as set forth in Section
      3
      above.

    

    8. 
Change
      in Control of the Company.
      In the
      event of a Change in Control of the Company, the Company will issue to
      Participant any shares of Stock to be awarded hereunder that remain subject
      to
      eligibility conditions.

    

    9. 
Consideration
      for Stock.
      The
      shares of Stock are intended to be issued for no cash
      consideration.

    

    10.           
      Delivery
      of Stock.
      The
      Company shall not be obligated to deliver any shares of Stock to be awarded
      hereunder until (i) all federal and state laws and regulations as the Company
      may deem applicable have been complied with; (ii) the shares have been listed
      or
      authorized for listing upon official notice to the New York Stock Exchange,
      Inc.
      or have otherwise been accorded trading privileges; and (iii) all other legal
      matters in connection with the issuance and delivery of the shares have been
      approved by the Company's legal department.

    

    11.           
      Tax
      Withholding.
      The
      Participant shall be responsible for the payment of any taxes of any kind
      required by any national or local law to be paid with respect to the Units
      or
      the shares of Stock to be awarded hereunder, including, without limitation,
      the
      payment of any applicable withholding, income, social and similar taxes or
      obligations. Except as otherwise provided in this Section, upon the issuance
      of
      Stock or the satisfaction of any eligibility condition with
      respect to the Stock to be issued hereunder, the Company shall hold back from
      the total number of shares of Stock to be delivered to the Participant, and
      shall cause to be 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    transferred
      to the Company, whole shares of Stock having a Fair Market Value on the date
      the
      shares are subject to issuance an amount as nearly as possible equal to (rounded
      to the next whole share) the Company’s withholding, income, social and similar
      tax obligations
      with respect to the Stock. To the extent of the Fair Market Value of the
      withheld shares, Participant shall be deemed to have satisfied Participant’s
      responsibility under this Section 11 to pay these obligations. The Participant
      shall satisfy Participant’s responsibility to pay any other withholding, income,
      social or similar tax obligations with respect to the Stock, and (subject to
      such rules as the Committee may prescribe) may satisfy Participant’s
      responsibility to pay the tax obligations described in the immediately preceding
      sentence, by so indicating to the Company in writing at least thirty (30) days
      prior to the date the shares of Stock are subject to issuance and paying the
      amount of these tax obligations in cash to the Company within ten (10) business
      days following the date the Units vest or by making other arrangements
      satisfactory to the Committee for payment of these obligations. In no event
      shall whole shares be withheld by or delivered to the Company in satisfaction
      of
      tax withholding requirements in excess of the maximum statutory tax withholding
      required by law. The Participant agrees to indemnify the Company against any
      and
      all liabilities, damages, costs and expenses that the Company may hereafter
      incur, suffer or be required to pay with respect to the payment or withholding
      of any taxes. The obligations of the Company under this Agreement and the Plan
      shall be conditional upon such payment or arrangements, and the Company shall,
      to the extent permitted by law, have the right to deduct any such taxes from
      any
      payment of any kind otherwise due to the Participant.

     

    12.           
      Investment
      Intent.
      The
      Participant acknowledges that the acquisition of the Stock to be issued
      hereunder is for investment purposes without a view to distribution
      thereof.

    

    13.           
      Limits
      on Transferability.
      Until
      the eligibility conditions of this award have been satisfied and shares of
      Stock
      have been issued in accordance with the terms of this Agreement or by action
      of
      the Committee, the Units awarded hereunder are not transferable and shall not
      be
      sold, transferred, assigned, pledged, gifted, hypothecated or otherwise disposed
      of or encumbered by the Participant. Transfers of shares of Stock by the
      Participant are subject to the Company’s Stock Trading Policy.

    

    14.           
      Award
      Subject to the Plan.
      The
      award to be made pursuant to this Agreement is made subject to the Plan. The
      terms and provisions of the Plan as it may be amended from time to time are
      hereby incorporated herein by reference. In the event of a conflict between
      any
      term or provision contained in this Agreement and a term or provision of the
      Plan, the applicable terms and conditions of the Plan will govern and prevail.
      However, no amendment of the Plan after the date hereof may adversely alter
      or
      impair the issuance of the Stock to be made pursuant to this
      Agreement.

    

    15.           
      No
      Rights to Continued Employment.
      The
      Company’s intent to grant the shares of Stock hereunder shall not confer upon
      the Participant any right to continued employment or other association with
      the
      Company or any of its affiliates or subsidiaries; and this Agreement shall
      not
      be construed in any way to limit the right of the Company or any of its
      subsidiaries or affiliates to terminate the employment or other association
      of
      the Participant with the Company or to change the terms of such employment
      or
      association at any time.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    16.           
      Legal
      Notices.
      Any
      legal notice necessary under this Agreement shall be addressed to the Company
      in
      care of its General Counsel at the principle executive offices of the Company
      and to the Participant at the address appearing in the personnel records of
      the
      Company for such Participant or to either party at such other address as either
      party may designate in writing to the other. Any such notice shall be deemed
      effective upon receipt thereof by the addressee.

    

    17.           
      Governing
      Law.
      The
      interpretation, performance and enforcement of this Agreement shall be governed
      by the laws of The Commonwealth of Massachusetts (without regard to the conflict
      of laws principles thereof) and applicable federal laws.

    

    18.           
      Headings.
      The
      headings contained in this Agreement are for convenience only and shall not
      affect the meaning or interpretation of this Agreement.

    

    19.           
      Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed to be an original and all of which together shall be deemed to the one
      and the same instrument.

    

    IN
      WITNESS WHEREOF, the Company, by its duly authorized officer, and the
      Participant have executed and delivered this Agreement as a sealed instrument
      as
      of the date and year first above written.

     

     

    PLAN:
      2003 LONG-TERM INCENTIVE PLAN

    Number
      of
      Deferred Stock Units:   [      
]

    

    Issuance
      Schedule

    25%  Date
      of
      Second Anniversary

    25%  Date
      of
      Third Anniversary

    25%  Date
      of
      Fourth Anniversary

    25%  Date
      of
      Fifth Anniversary

     

    
 

    BOSTON
      SCIENTIFIC CORPORATION

    

    

    By:_________________________________

    Name: Authorized
      Officer

     

    PARTICIPANT

    

    

    ____________________________________

    [Name]

     

     

     

     

    
      
         

      

      
        4WWW.EXFILE.COM, INC. -- 14384 -- BOSTON SCIENTIFIC CORP. -- EXHIBIT 10.3 TO FORM 8-K

    EXHIBIT
      10.3

    

    

    

    

    Boston
      Scientific Corporation

    

    2003
      Long-Term Incentive Plan

    

    Non-Qualified
      Stock Option Agreement

    

    __________________________

    

    

    PREPARED
      FOR:

    

    Employee’s
      Name

    

    

    
 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    BOSTON
      SCIENTIFIC COPY

    

    PLEASE
      RETURN IN THE ENVELOPE PROVIDED

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Agreement is entered into by and between Boston Scientific Corporation (the
      "Corporation") and the person whose name appears on the signature page hereof
      (the "Optionee") effective as of the _____ day of ________________, 2005. This
      Agreement is made pursuant to the Boston Scientific Corporation 2003 Long-Term
      Incentive Plan, as amended (the "Plan"), which is administered by the
      Committee.

    

    Capitalized
      terms not defined in this Agreement have the same meanings specified in the
      Plan.

    

    

    
      	I.	
              Grant
                of Option

            

    

    

    The
      Corporation hereby grants to the Optionee a Non-Qualified Stock Option (the
      "Option") to purchase that number of shares of common stock of the Corporation
      set forth on the signature page hereof (the "Option Shares") at the price set
      forth on the signature page hereof (the "Exercise Price").

    

    

    
      	
              II.

            	
              Term
                and Vesting of Option

            

    

    

    Except
      as
      otherwise provided in Section IV, the Option shall have a term of ten (10)
      years
      from _______________________, 2005 until _____________________ 2015 and shall
      vest in accordance with the vesting schedule set forth on the signature page
      hereof. 

    

    

    
      	
              III.

            	
              Exercise
                of Option

            

    

    

    While
      this Option remains exercisable, the Optionee may exercise a vested portion
      of
      the Option by delivering to the Corporation or its designee in the form and
      at
      the location specified by the Corporation, notice stating the Optionee's intent
      to exercise a specified number of shares subject to the Option and payment
      of
      the full Exercise Price for the specified number of shares. The payment for
      the
      full Exercise Price for the shares exercised must be made in (i) cash, (ii)
      by
      certified check or bank draft payable in U.S. dollars ($US) to the order of
      the
      Corporation, (iii) in whole or in part in Common Stock of the Corporation owned
      by the Optionee, valued at Fair Market Value or (iv) by "cashless exercise",
      by
      the Optionee delivering to his/her securities broker instructions to sell a
      sufficient number of shares of Common Stock to cover the Exercise Price,
      applicable tax obligations and the brokerage fees and expenses associated
      therewith.

    

    Shares
      of
      Common Stock of the Corporation used for payment, in whole or part, of the
      Exercise Price must have been owned by the Optionee, free and clear of all
      liens
      or encumbrances for a period of at least six (6) months prior to the exercise
      date. In addition, the Committee may impose such other or different requirements
      as it may deem necessary to avoid charges to earnings of the
      Corporation.

    

    The
      exercise date for the Optionee's exercise of all or a specified portion of
      the
      Option pursuant to this Section III will be deemed to be the date on which
      the
      Corporation receives the Optionee's 

     

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

     

    payment
      in full for the Option Shares to be exercised accompanied by the notice of
      exercise specified by the Corporation as set forth above. Notice of exercise
      of
      all portions of the Option being exercised along with payment in full of the
      Exercise Price for such portion must be received by the Corporation or its
      designee on or prior to the last day of the Option term, as set forth in Section
      II above, except as provided in Section IV below.

    

    Upon
      the
      Corporation's determination that there has been a valid exercise of the Option,
      the Corporation shall issue certificates in accordance with the terms of this
      Agreement, or cause the Corporation’s transfer agent to make the necessary book
      entries, for the shares subject to the exercised portion of the Option. However,
      the Corporation shall not be liable to the Optionee, the Optionee's personal
      representative, or the Optionee's successor(s)-in-interest for damages relating
      to any delays in issuing the certificates or in making book entries, any loss
      of
      the certificates, or any mistakes or errors in the issuance of the certificates
      or in making book entries, or in the certificates themselves.

    

    

    
      	IV.	
              Termination
                of Employment

            

    

    

    Upon
      the
      Optionee's termination of employment for reasons of Retirement, death or
      Disability, all remaining unexercised portion(s) of the Option shall immediately
      vest and become exercisable by the Optionee or the Optionee's appointed
      representative, as the case may be, until the expiration of term of the Option,
      or such other term as the Committee may determine at or after grant.

    

    Upon
      termination of the Optionee's employment for reasons other than for Cause or
      those set forth above, the Optionee shall have the shorter of (i) twelve (12)
      months from the date of termination or (ii) the remaining term of the Option,
      to
      exercise all vested, unexercised portion(s) of the Option. Upon termination
      of
      the Optionee's employment for reasons other than for Cause or those set forth
      above, all non-vested unexercised portions of the Option shall lapse; provided
      that the Committee, in its sole discretion, may extend the exercise period
      and/or accelerate vesting of unvested portions of the Option provided that
      such
      exercise period does not extend beyond the original term of the Option and
      no
      portion of the Option shall become vested earlier than six (6) months from
      the
      date of grant.

    

    At
      the
      time the Optionee is informed of termination of the Optionee's employment for
      Cause, all unexercised portions of the Option shall lapse and be
      forfeited.

    

    The
      Option, to the extent unexercised on the date following the end of any period
      described above or the Option term set forth above in Section II, shall
      thereupon lapse and be forfeited.

    

    Any
      permitted transferee (pursuant to Section VIII below) of the Optionee shall
      receive the rights herein granted subject to the terms and conditions of this
      Agreement. No transfer of this Option shall be approved and effected by the
      Corporation unless (i) the Corporation shall have been timely furnished with
      written notice of such transfer and any copies of such notice as the Committee
      may deem, in its sole discretion, necessary to establish the validity of the
      transfer; (ii) the transferee or transferees shall have agreed in writing to
      be
      bound by the terms and conditions of this Agreement; and (iii) such transfer
      complies with applicable laws and regulations.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
    

     

    
      	
              V.

            	
              No
                Rights to Continued
                Employment

            

    

    

    The
      Option grant made under the Plan and this Agreement shall not confer on the
      Optionee any right to continue serving as an employee of the Corporation and
      this Agreement shall not be construed in any way to limit the Corporation's
      right to terminate or change the terms of the Optionee's
      employment.

    

    

    
      	VI.	
              Change
                in Control

            

    

    

    All
      unvested portions of the Option shall vest in the event of a Change in Control
      (as defined in the Plan), immediately prior to the effective date of the Change
      in Control. All vested portions of the Option shall terminate immediately prior
      to a Change in Control unless the Committee provides, at its discretion, for
      the
      substitution or assumption of the Option, by conversion into an option to
      acquire securities of equivalent kind and value of the surviving entity as
      of
      the effective date of the Change in Control. 

    

    

    
      	VII.	
              Legend
                on Certificate

            

    

    

    The
      certificates representing the shares received by the Optionee pursuant to the
      exercise of the Option may be stamped or otherwise imprinted with a legend
      in
      such form as the Corporation or its counsel may require with respect to any
      applicable restrictions on sale or transfer and the stock transfer records
      of
      the Corporation may reflect stop-transfer instructions with respect to such
      shares.

    

    

    
      	
              VIII.

            	
              Transferability

            

    

    

    Except
      as
      required by law, the Option granted under this Agreement is not transferable
      and
      shall not be sold, transferred, assigned, pledged, gifted, hypothecated or
      otherwise disposed of by the Optionee other than by will or the laws of descent
      and distribution or without payment of consideration to Family Members of the
      Optionee or to trusts or other partnerships for the benefit of immediate family
      members of the Optionee. During the Optionee's lifetime, the Option is
      exercisable only by the Optionee, except as provided in Section IV
      above.

    

    

    
      	
              IX.

            	
              Satisfaction
                of Tax Obligations

            

    

    

    The
      Optionee agrees to make appropriate arrangements with the Corporation for
      satisfaction of any applicable federal, state or local income tax, withholding
      requirements or like requirements, including the payment to the Corporation
      at
      the time of exercise of the Option of all such taxes and
      requirements.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	X.	
              Securities
                Laws

            

    

    

    Upon
      the
      acquisition of any shares pursuant to the exercise of the Option, Optionee
      will
      make or enter into such written representations, warranties and agreements
      as
      the Corporation may reasonably request in order to comply with applicable
      securities laws, or with the Plan.

    

    

    
      	XI.	
              Legal
                Notices

            

    

    

    Any
      legal
      notice necessary under this Agreement shall be addressed to the Corporation
      in
      care of its Secretary at the principal executive office of the Corporation
      and
      to the Optionee at the address appearing in the personnel records of the
      Corporation for such Optionee or to either party at such other address as either
      party may designate in writing to the other. Any such notice shall be deemed
      effective upon receipt thereof by the addressee.

    

    

    
      	XII.	
              Choice
                of Law

            

    

    

    The
      interpretation, performance and enforcement of this Agreement shall be governed
      by the laws of The Commonwealth of Massachusetts (without regard to the
      conflicts of laws principles) and applicable federal laws.

    

    

    
      	XIII.	
              Conflicts

            

    

    

    The
      Option granted by this Agreement is subject to the Plan. The terms and
      provisions of the Plan as it may be amended from time to time are hereby
      incorporated herein by reference. In the event of a conflict between any term
      or
      provision contained in this Agreement and a term or provision of the Plan,
      the
      applicable terms and provisions of the Plan will govern and prevail. The
      Committee retains the right to alter or modify the Option granted under this
      Agreement as the Committee may determine as in the best interests of the
      Company.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	XIV.	
              Headings

            

    

    

    The
      headings contained in this Agreement are for convenience only and shall not
      affect the meaning or interpretation of this Agreement.

    

    

    
      	XV.	
              Counterparts

            

    

    

    This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed to be an original and all of which together shall be deemed to be one
      and
      the same instrument.

    

    

    IN
      WITNESS WHEREOF, the Corporation, by its duly authorized officer, and the
      Optionee have executed and delivered to the Agreement effective as of the date
      and year first above written.

    

    

    Option
      Shares: #
      ________of Shares

    

    Exercise
      Price: $_______

    

    Vesting
      Schedule:

    

    
      	
              Percent
                of Option

            	
              Shares
                Vesting

            	
              Date
                Vested

            
	
              25%

            	 	 	 
	
              25%

            	 	 	 
	
              25%

            	 	 	 
	
              25%

            	 	 	 

    

    

     

    
      	 	 	 
	 	OPTIONEE
	 
 	 
 	 
 
	
            	Signature: 
              	
            
	 	 

               Name:

            	
              
 Employee’s
              Name

    

     

     

     

    
       

      
        	 	 	 
	 	BOSTON
                SCIENTIFIC CORPORATION
	 	 
	 	 
	 	
                James
                  R. Tobin

              
	 	President
                and Chief Executive Officer
	 	 
	
              	                 
                	
              
	 	 

                 

              	 

      

       

    

     

     

     

    
      
        
        

      

      
        5

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