Document:

EX-10.25

 EXHIBIT 10.25 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

UNDER THE LEMAITRE VASCULAR, INC. 

2006 STOCK OPTION AND INCENTIVE PLAN 
  

	
	Name of
Grantee:                                       
                                         
  
	
	No. of Restricted Stock
Units:                                        
                      
	
	Grant
Date:                                        
                                         
           

 LeMaitre Vascular, Inc. (the “Company”) has selected you to receive an award of the Restricted Stock
Units identified above, subject to the terms set forth on Appendix A hereto, the provisions of the LeMaitre Vascular, Inc. 2006 Stock Option and Incentive Plan, as amended (the “Plan”), and the attached Statement of Terms and Conditions.

 Please indicate your acceptance of this Agreement by signing below and returning it promptly to the Company. 

I hereby accept the award of Restricted Stock Units and agree to the terms and conditions thereof as set forth in the Plan and the attached
Statement of Terms and Conditions. 
  

			
	Dated:
                                         
                     	  	  

		  	[Grantee’s Signature]
		
		  	Grantee’s name and address:
		
		  	  

		
		  	  

		
		  	  

		
		  	  

 Appendix A 

Vesting Schedule 
  

			
	Percentage of Units Vested	  	Vesting Date
		
	20%	  	First Anniversary of Grant Date
		
	40%	  	Second Anniversary of Grant Date
		
	60%	  	Third Anniversary of Grant Date
		
	80%	  	Fourth Anniversary of Grant Date
		
	100%	  	Fifth Anniversary of Grant Date

 The Administrator may at any time accelerate the vesting schedule set forth above. 

 STATEMENT OF TERMS AND CONDITIONS 

1.    Preamble. This Statement contains the terms and conditions of an award (“Award”) of Restricted
Stock Units (“Restricted Stock Units”) made to the Grantee identified in the Restricted Stock Unit Award Agreement attached hereto pursuant to the Plan. Each Restricted Stock Unit represents the right to receive one share of common stock
of the Company (“Stock”) on the vesting date of that unit. 
 2.    Acceptance of Award. The Grantee
shall have no rights with respect to this Award unless the Grantee shall have accepted this Award by signing and delivering to the Company a copy of the Restricted Stock Unit Award Agreement within thirty days of the Grant Date indicated on such
agreement. 
 3.    Restrictions and Conditions. 

(a)    This Award may not be sold, assigned, transferred, pledged, or otherwise encumbered or disposed of by the Grantee
prior to vesting. 
 (b)    If the Grantee’s employment with (or service to, if a director) the Company and its
Subsidiaries is voluntarily or involuntarily terminated for any reason (including death) prior to vesting of Restricted Stock Units granted herein, all Restricted Stock Units shall immediately and automatically be forfeited and returned to the
Company. 
 (c)    The Grantee shall not have any stockholder rights, including voting or dividend rights, with respect
to the shares of Stock subject to the Award until the Grantee becomes a record holder of those shares of Stock following their actual issuance pursuant to Section 6 of this Agreement 

4.    Vesting of Restricted Stock Units. 

The term “vest” as used in this Statement means the lapsing of the restrictions that are described in this Statement with respect to
the Restricted Stock Units. The Restricted Stock Units shall vest in accordance with the schedule set forth in Appendix A to the Restricted Stock Unit Award Agreement so long as the Grantee remains an employee or a director of the Company or a
Subsidiary on each vesting date. 
 5.    Dividend Equivalents. 

(a)    If on any date the Company shall pay any dividend on shares of Stock of the Company, the number of Restricted Stock
Units credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: 
 W = (X multiplied by
Y) divided by Z, where: 
 W = the number of additional Restricted Stock Units to be credited to the Grantee on such dividend payment date;

 X = the aggregate number of Restricted Stock Units credited to the Grantee as of the record date
of the dividend; 
 Y = the cash dividend per share amount; and 

Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date. 

(b)    In the case of a dividend paid on Stock in the form of Stock (including, without limitation, a distribution of
Stock by reason of a stock dividend, stock split, or otherwise), the number of Restricted Stock Units credited to the Grantee shall be increased by a number equal to the product of (i) the aggregate number of Restricted Stock Units that have
been awarded to the Grantee through the related dividend record date, and (ii) the number of shares of Stock (including any fraction thereof) payable as dividend on one share of Stock. Any additional Restricted Stock Units shall be subject to
the vesting and restrictions of this Agreement in the same manner and for so long as the Restricted Stock Units granted pursuant to this Agreement to which they relate remain subject to such vesting and restrictions, and shall be promptly forfeited
to the Company if and when such Restricted Stock Units are so forfeited. 
 6.    Receipt of Shares of Stock.

 (a)    The Restricted Stock Units in which the Grantee vests in accordance with the vesting schedule set forth in
Appendix A will be issuable in the form of shares of Stock immediately upon vesting, subject to the collection of the minimum withholding taxes in accordance with the mandatory share withholding provision of Section 8 of this Agreement. 

(b)    Once a stock certificate (or electronic transfer) has been delivered to the Grantee in respect of the Restricted
Stock Units, the Grantee will be free to sell the shares of Stock evidenced by such certificate (or electronic transfer), subject to applicable requirements of federal and state securities law and the Company’s insider trading policy. 

7.    Incorporation of Plan. Notwithstanding anything herein to the contrary, this Award shall be subject to and
governed by all the terms and conditions of the Plan. Capitalized terms in this Award shall have the meaning specified in the Plan, unless a different meaning is specified herein. 

8.    Tax Withholding. The Company intends to meet its minimum tax withholding obligation by withholding from
shares of Stock to be issued to the Grantee. 
 9.    No Obligation to Continue Employment. Neither the Company
nor any Subsidiary is obligated by or as a result of the Plan or this Award to continue the Grantee in employment, and neither the Plan nor this Award shall interfere in any way with the right of the Company or any Subsidiary to terminate the
employment of the Grantee at any time. 
 10.    Notices. Notices hereunder shall be mailed or delivered to the
Company at its principal place of business and shall be mailed or delivered to the Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing.EX-10.26

 EXHIBIT 10.26 

INCENTIVE STOCK OPTION AGREEMENT 

UNDER LEMAITRE VASCULAR, INC. 

2006 STOCK OPTION AND INCENTIVE PLAN 
  

	
	Name of
Optionee:                                       
                                         
 
	
	No. of Option
Shares:                                        
                                     
	
	Option Exercise Price per Share:
$                                         
               
	 [FMV on Grant Date (110%

of FMV if a 10% owner)]

	
	Grant
Date:                                        
                                         
            
	
	Expiration
Date:                                        
                                         
    
	 [up to 10 years (5 if a 10% owner)]

 Pursuant to the LeMaitre Vascular, Inc. 2006 Stock Option and Incentive Plan as amended through the date
hereof (the “Plan”), LeMaitre Vascular, Inc. (the “Company”) hereby grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the Expiration Date specified above all or part of the
number of shares of Common Stock, par value $0.01 per share (the “Stock”), of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. 

1.    Exercisability Schedule. No portion of this Stock Option may be exercised until such portion shall have
become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to
the following number of Option Shares on the dates indicated: 
  

					
	 Incremental Number of            

Option Shares Exercisable            
	 	Exercisability Date
			
	  
	 	(                    %)	 	  

			
	  
	 	(                    %)	 	  

			
	  
	 	(                    %)	 	  

			
	  
	 	(                    %)	 	  

			
	  
	 	(                    %)	 	  

  

	*	Maximum of $100,000 per year. 

 Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior
to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. 
 2.    Manner of
Exercise. 
 (a)    The Optionee may exercise this Stock Option only in the following manner: from time to time on
or prior to the Expiration Date of this Stock Option, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the
number of Option Shares to be purchased. 
 Payment of the purchase price for the Option Shares may be made by one or more of the following
methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open
market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator; (iii) by the Optionee delivering
to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the option purchase price, provided that in the
event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a
condition of such payment procedure; or (iv) a combination of (i), (ii), and (iii) above. Payment instruments will be received subject to collection. 

The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon the
Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to
the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock
through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to. 

(b)    The shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the
records of the Company or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such transfer and with the requirements hereof and of the Plan.
The determination of the Administrator as to such compliance shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to
this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee’s name shall have been entered as
the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend, and other ownership rights with respect to such shares of Stock. 

  
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 (c)    The minimum number of shares with respect to which this Stock Option
may be exercised at any one time shall be 100 shares, unless the number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. 

(d)    Notwithstanding any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable
after the Expiration Date hereof. 
 3.    Termination of Employment. If the Optionee’s employment by the
Company or a Subsidiary (as defined in the Plan) is terminated, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below. 

(a)    Termination Due to Death. If the Optionee’s employment terminates by reason of the Optionee’s
death, any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee’s legal representative or legatee for a period of six (6) months from the date of death or
until the Expiration Date, if earlier. 
 (b)    Termination Due to Disability. If the Optionee’s employment
terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of
twelve (12) months from the date of termination or until the Expiration Date, if earlier. The death of the Optionee during the 12-month period provided in this Section 3(b) shall extend such period
for another twelve (12) months from the date of death or until the Expiration Date, if earlier. 

(c)    Termination for Cause. If the Optionee’s employment terminates for Cause, any portion of this Stock
Option outstanding on such date shall terminate immediately and be of no further force and effect. For purposes hereof, “Cause” shall mean a determination by the Company that the Optionee shall be dismissed as a result of
(i) any material breach by the Optionee of any agreement between the Optionee and the Company; (ii) the conviction of, indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral turpitude; or
(iii) any material misconduct or willful and deliberate non-performance (other than by reason of disability) by the Optionee of the Optionee’s duties to the Company. 

(d)    Other Termination. If the Optionee’s employment terminates for any reason other than the
Optionee’s death, the Optionee’s disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination,
for a period of three (3) months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force
or effect. 

  
 3 

 The Administrator’s determination of the reason for termination of the Optionee’s
employment shall be conclusive and binding on the Optionee and his or her representatives or legatees. 

4.    Incorporation of Plan. Notwithstanding anything herein to the contrary, this Stock Option shall be subject to
and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different
meaning is specified herein. 
 5.    Transferability. This Agreement is personal to the Optionee, is non-assignable, and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s
lifetime, only by the Optionee, and thereafter only by the Optionee’s legal representative or legatee. 

6.    Status of the Stock Option. This Stock Option is intended to qualify as an “incentive stock option”
under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), but the Company does not represent or warrant that this Stock Option qualifies as such. The Optionee should consult with his or her own tax advisors
regarding the tax effects of this Stock Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements. To the extent any portion of this
Stock Option does not so qualify as an “incentive stock option,” such portion shall be deemed to be a non-qualified stock option. If the Optionee intends to dispose or does dispose (whether by sale,
gift, transfer or otherwise) of any Option Shares within the one-year period beginning on the date after the transfer of such shares to him or her, or within the
two-year period beginning on the day after the grant of this Stock Option, he or she will so notify the Company within 30 days after such disposition. 

7.    Tax Withholding. The Optionee shall, not later than the date as of which the exercise of this Stock Option
becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event.
The Optionee may elect to have the minimum required tax withholding obligation satisfied, in whole or in part, by (a) authorizing the Company to withhold from shares of Stock to be issued, or (b) transferring to the Company a number of
shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due. 
 8.    No
Obligation to Continue Employment. Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Optionee in employment, and neither the Plan nor this Agreement shall interfere in any way
with the right of the Company or any Subsidiary to terminate the employment of the Optionee at any time. 

9.    Notices. Notices hereunder shall be mailed or delivered to the Company at its principal place of business and
shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as the intended recipient may subsequently furnish to the other party in writing. 

  
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	LEMAITRE VASCULAR, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the
undersigned. 
  

			
	Dated:
                                         
                               	  	  

		  	[Optionee’s Signature]
		
		  	Optionee’s name and address:
		
		  	  

		
		  	  

		
		  	  

		
		  	  

  
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