Document:

exv10w5

Exhibit 10.5

STANDARD NON-ISO GRANT

FORM OF

ev3 INC. SECOND AMENDED AND RESTATED

2005 INCENTIVE STOCK PLAN

OPTION CERTIFICATE

ev3 Inc., a Delaware corporation, in accordance with the ev3 Inc. Second Amended and Restated 2005
Incentive Stock Plan (the “Plan”), hereby grants an Option to                                         , who shall be
referred to as “Optionee”, to purchase from the Company
                     shares of Stock at an Option Price
per share equal to $                    , which grant shall be subject to all of the terms and conditions set
forth in this Option Certificate and in the Plan. This grant has been made as of                                         ,
200[ ], which shall be referred to as the “Grant Date”. This Option is not intended to satisfy
the requirements of § 422 of the Code and thus shall be a Non-ISO as that term is defined in the
Plan.

	 	 	 	 	 
	 	ev3 INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

TERMS AND CONDITIONS

          § 1. Plan. This Option grant is subject to all the terms and conditions set forth in
the Plan and this Option Certificate, and all the terms in this Option Certificate which begin with
a capital letter are either defined in this Option Certificate or in the Plan. If a determination
is made that any term or condition set forth in this Option Certificate is inconsistent with the
Plan, the Plan shall control. A copy of the Plan has been made available to Optionee as further
described in § 12 .

 

§ 2. Vesting and Option Expiration.

	 	(a)	 	General Rule. Subject to § 2(b) and § 2(c), Optionee’s
right under this Option Certificate to exercise this Option shall vest with
respect to: (1) 25% of the shares of Stock which may be purchased under this
Option Certificate (rounding down to the nearest whole number of shares of
Stock) on [Date], such date being approximately twelve (12) months from the
Grant Date, provided he or she remains continuously employed by the Company or
continues to provide services to the Company through such date, and (2) with
respect to the remaining 75% of such shares of Stock, in as nearly equal
amounts as possible, on the [Xth] day of each of the next thirty-six (36)
months thereafter, beginning on [Date] provided he or she remains continuously
employed by the Company or continues to provide services to the Company through
each such date.
	 
	 	(b)	 	Option Expiration Rules.

	 	(1)	 	Non-Vested Shares. If Optionee’s
employment or service with the Company terminates for any reason
whatsoever, including death, Disability or retirement, while there are
any non-vested shares of Stock subject to this Option under § 2(a),
this Option immediately upon such termination of employment or service
shall expire and shall have no further force or effect and be null and
void with respect to such non-vested shares of Stock.
	 
	 	(2)	 	Vested Shares. Optionee’s right to
exercise all or any part of this Option which has vested under § 2(a)
shall expire no later than the tenth anniversary of the Grant Date.
However, if Optionee’s employment or service relationship with the
Company terminates before the tenth anniversary of the Grant Date,
Optionee’s right to exercise this Option which has vested under § 2(a)
shall expire and shall have no further force or effect and shall be
null and void:

	 	(A)	 	on the date his or her employment
or service relationship terminates if his or her employment or
service relationship terminates for Cause,
	 
	 	(B)	 	on the first anniversary of the
date his or her employment or service relationship terminates if his or her
employment or service relationship terminates as

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	 	 	 	a result of his or her death or Disability, or
	 
	 	(C)	 	at the end of the 90 day period
which starts on the date his or her employment or service
relationship terminates if his or her employment or service
relationship terminates other than (1) for Cause or (2) as a
result of his or her death or Disability.

	 	(c)	 	Special Rules.

	 	(1)	 	Sale of Business Unit. The Committee,
in connection with the sale of any Subsidiary, Affiliate, division or
other business unit of the Company, may, within the Committee’s sole
discretion, take any or all of the following actions if this Option or
the rights under this Option will be adversely affected by such
transaction:

	 	(A)	 	accelerate the time Optionee’s
right to exercise this Option will vest under § 2(a),
	 
	 	(B)	 	provide for vesting after such
sale or other disposition, or
	 
	 	(C)	 	extend the time at which this
Option will expire (but not beyond the tenth anniversary of the
Grant Date).

	 	(2)	 	Change in Control. If there is a
Change in Control of the Company, this Option shall be subject to the
provisions of § 14 of the Plan with respect to such Change in Control.
	 
	 	(3)	 	Affiliates. For purposes of this
Option Certificate, any reference to the Company shall include any
Affiliate, Parent or Subsidiary of the Company, and a transfer of
employment or service relationship between the Company and any
Affiliate, Parent or Subsidiary of the Company or between any
Affiliate, Parent or Subsidiary of the Company shall not be treated as
a termination of employment or service relationship under the Plan or
this Option Certificate.
	 
	 	(4)	 	Termination of Employment or Service
Relationship. For purposes of this Option Certificate, if the
Optionee’s employment with the Company terminates while there are any
non-vested shares of Stock subject to this Option under

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	 	 	 	§ 2(a) but the
Optionee at such time then becomes an independent consultant to the
Company, the Optionee’s right under this Option Certificate to exercise
this Option shall continue to vest so long as the Optionee continues to
provide services to the Company in accordance with § 2(a). For
purposes of this Option Certificate, except as otherwise provided
below, if the Optionee’s employment with the Company terminates but the
Optionee at such time then becomes an independent consultant to the
Company, the termination of the Optionee’s employment shall not result
in the expiration of the Option under § 2(b)(1) or 2(b)(2).
Notwithstanding the foregoing, the Optionee’s right to exercise all or
any part of this Option which has vested under § 2(a) shall expire no
later than the tenth anniversary of the Grant Date.
	 
	 	(5)	 	Fractional Shares. Optionee’s right to
exercise this Option shall not include a right to exercise this Option
to purchase a fractional share of Stock. If Optionee exercises this
Option on any date when this Option includes a fractional share of
Stock, his or her exercise right shall be rounded down to the nearest
whole share of Stock and the fractional share shall be carried forward
until that fractional share together with any other fractional shares
can be combined to equal a whole share of Stock or this Option expires.

	 	(a)	 	Definitions.

	 	(1)	 	Cause. For purposes of this
Certificate, “Cause” shall exist if (A) Optionee has engaged in conduct
that in the judgment of the Committee constitutes gross negligence,
misconduct or gross neglect in the performance of Optionee’s duties and
responsibilities, including conduct resulting or intending to result
directly or indirectly in gain or personal enrichment for Optionee at
the Company’s expense, (B) Optionee has been convicted of or has pled
guilty to a felony for fraud, embezzlement or theft, (C) Optionee has
engaged in a breach of any policy of the Company for which termination
of employment or service is a permissible consequence or Optionee has
not immediately cured any performance or other issues raised by
Optionee’s supervisor, (D) Optionee had knowledge of (and did not
disclose to the Company in writing) any condition that could
potentially impair Optionee’s ability to

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	 	 	 	perform the functions of his
or her job or service relationship fully, completely and
successfully, or (E) Optionee has engaged in any conduct that would
constitute “cause” under the terms of his or her employment or
consulting agreement, if any.
	 
	 	(2)	 	Disability. For purposes of this
Certificate, “Disability” means any medically determinable physical or
mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months and
which renders Optionee unable to engage in any substantial gainful
activity. The Committee shall determine whether Optionee has a
Disability. If Optionee disputes such determination, the issue shall
be submitted to a competent licensed physician appointed by the Board,
and the physician’s determination as to whether Optionee has a
Disability shall be binding on the Company and on Optionee.

          § 3. Method of Exercise of Option. Optionee may exercise this Option in whole or in
part (to the extent this Option is otherwise exercisable under § 2 with respect to vested shares of
Stock) only in accordance with the rules and procedures established from time to time by the
Company for the exercise of an Option. The Option Price shall be paid at exercise either in cash
(including check, bank draft or money order); provided, however, that the Committee, in its sole
discretion, may allow such payments to be made, in whole or in part, by (i) by tender, or
attestation as to ownership, of Shares that are already owned by the Optionee that are acceptable
to the Committee (“Previously Acquired Shares”); (ii) by a “net exercise” of the Option (as further
described below); (iii) through cashless exercise procedure which is effected by an unrelated
broker through a sale of Stock in the open market; or (iv) by a combination of such methods. In
the case of a “net exercise” of an Option, the Company will not require a payment of the exercise
price of the Option from the Optionee but will reduce the number of shares of Common Stock issued
upon the exercise by the largest number of whole shares that has a Fair Market Value that does not
exceed the aggregate exercise price for the Shares exercised under this method. Shares of Common
Stock will no longer be outstanding under this Option (and will therefore not thereafter be
exercisable) following the exercise of this Option to the extent of (i) shares used to pay the
exercise price of this Option under the “net exercise,” and (ii) shares actually delivered to the Optionee as a result of such exercise.
Previously Acquired Shares tendered or covered by an attestation as payment of an Option exercise
price will be valued at their Fair Market Value on the exercise date.

          § 4. Delivery and Other Laws. The Company shall deliver appropriate and proper
evidence of ownership of any Stock purchased pursuant to the exercise of

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this Option as soon as
practicable after such exercise to the extent such delivery is then permissible under applicable
law or rule or regulation, and such delivery shall discharge the Company of all of its duties and
responsibilities with respect to this Option.

          § 5. Non-transferable. No rights granted under this Option shall be transferable by
Optionee other than (a) by will or by the laws of descent and distribution or (b) to a “family
member” as provided in § 10.2 of the Plan. The person or persons, if any, to whom this Option is
transferred shall be treated after Optionee’s death the same as Optionee under this Option
Certificate.

          § 6. No Right to Continue Service. Neither the Plan, this Option, nor any related
material shall give Optionee the right to continue in employment by or perform services to the
Company or shall adversely affect the right of the Company to terminate Optionee’s employment or
service relationship with the Company with or without Cause at any time.

          § 7. Stockholder Status. Optionee shall have no rights as a stockholder with respect
to any shares of Stock under this Option until such shares have been duly issued and delivered to
Optionee, and no adjustment shall be made for dividends of any kind or description whatsoever or
for distributions of rights of any kind or description whatsoever respecting such Stock except as
expressly set forth in the Plan.

          § 8. Governing Law. The Plan and this Option Certificate shall be governed by the
laws of the State of Delaware.

          § 9. Binding Effect. This Option Certificate shall be binding upon the Company and
Optionee and their respective heirs, executors, administrators and successors.

          § 10. Tax Withholding. This Option has been granted subject to the condition that
Optionee consents to whatever action the Committee directs to satisfy the minimum statutory federal
and state withholding requirements, if any, which the Company determines are applicable upon the
exercise of this Option.

          § 11. References. Any references to sections (§) in this Option Certificate shall be
to sections (§) of this Option Certificate unless otherwise expressly stated as part of such
reference.

          § 12. Availability of Copy of Plan and Plan Prospectus. A copy of the plan document
and prospectus for the ev3 Inc. Second Amended and Restated 2005 Incentive Stock Plan are available
on the Company’s intranet portal under the “Employee Tools” section, which can be accessed by
opening your web browser from your Company desktop or laptop computer. If you like to receive a
paper copy of the

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plan document and/or plan prospectus, please contact:

Kevin M. Klemz

Senior Vice President, Secretary and Chief Legal Officer

ev3 Inc.

9600 54th Avenue North

Plymouth, Minnesota 55442

(763) 398-7000

KKlemz@ev3.net

          § 13. Availability of Annual Report to Stockholders and Other SEC Filings. A copy of
the Company’s most recent annual report to stockholders and other filings made with the Securities
and Exchange Commission are available on the Company’s internet website, www.ev3.net, under the
Investors Relations—SEC Filings section. If you like to receive a paper copy of the Company’s
most recent annual report to stockholders and other filings made by the Company with the Securities
and Exchange Commission, please contact Kevin M. Klemz at the address, telephone number or e-mail
address above.

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Exhibit 10.6

FORM OF

ev3 INC. SECOND AMENDED AND RESTATED

2005 INCENTIVE STOCK PLAN

STOCK GRANT CERTIFICATE

(Talent Acquisition, Special Recognition or Performance Recognition Grant)

(Grade 6 or Higher)

This Stock Grant Certificate evidences a Stock Grant made pursuant to the ev3 Inc. Second Amended
and Restated 2005 Incentive Stock Plan (the “Plan”) of [                    ] shares of restricted Stock to
[                    ], who shall be referred to as “Grantee”. This Stock Grant is granted effective as of
[                    ], which shall be referred to as the “Grant Date.”

	 	 	 	 	 
	 	ev3 INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

TERMS AND CONDITIONS

     § 1. Plan and Stock Grant Certificate. This Stock Grant is subject to all of the
terms and conditions set forth in this Stock Grant Certificate and in the Plan. If a determination
is made that any term or condition set forth in this Stock Grant Certificate is inconsistent with
the Plan, the Plan shall control. All of the capitalized terms not otherwise defined in this Stock
Grant Certificate shall have the same meaning in this Stock Grant Certificate as in the Plan. A
copy of the Plan will be made available to Grantee upon written request to the corporate Secretary
of the Company, as further described in § 12.

     § 2. Stockholder Status. Grantee shall have the right under this Stock Grant to
receive cash dividends on all of the shares of Stock subject to this Stock Grant and to vote such
shares until Grantee’s right to such shares is forfeited. If Grantee forfeits any shares under
§ 3, Grantee shall at the same time forfeit Grantee’s right to vote such shares and to receive cash
dividends paid with respect to such shares. Any Stock dividends or other distributions of property
made with respect to shares that remain subject to forfeiture under § 3 shall be held by the
Company, and Grantee’s rights to receive such dividends or other property shall be forfeited or
shall be nonforfeitable at the same time the shares of Stock with respect to which the dividends or
other property are attributable are forfeited or become nonforfeitable. Except for the rights to
receive cash dividends and vote the shares of Stock subject to this Stock Grant

 

 

which are described in this § 2, Grantee shall have no rights as a Stockholder with respect to
such shares of Stock until Grantee’s interest in such shares has become nonforfeitable.

     § 3. Vesting and Forfeiture.

	 	(a)	 	Vesting. Subject to § 3(b), Grantee’s interest in the
Stock subject to this Stock Grant shall become nonforfeitable as follows:

	 	(1)	 	Grantee’s interest in [                    ] of the shares
of Stock subject to this Stock Grant shall become nonforfeitable on
November 15, 20___, so long as Grantee continuously provides services to
the Company or its Affiliates (whether as an employee or as a
consultant) through such date;
	 
	 	(2)	 	Grantee’s interest in an additional [                    ]
of the shares of Stock subject to this Stock Grant shall become
nonforfeitable on November 15, 20___, so long as Grantee continuously
provides services to the Company or its Affiliates (whether as an
employee or as a consultant) through such date;
	 
	 	(3)	 	Grantee’s interest in an additional [                    ]
of the shares of Stock subject to this Stock Grant shall become
nonforfeitable on November 15, 20___, so long as Grantee continuously
provides services to the Company or its Affiliates (whether as an
employee or as a consultant) through such date; and
	 
	 	(4)	 	Grantee’s interest in all remaining shares of
Stock subject to this Stock Grant shall become nonforfeitable on
November 15, 20___, so long as Grantee continuously provides services to
the Company or its Affiliates (whether as an employee or as a
consultant) through such date.

	 	(b)	 	Forfeiture. If Grantee’s continuous service
relationship (including service as an employee and as a consultant) with the
Company and its Affiliates terminates for any reason whatsoever before his or
her interest in all of the shares of Stock subject to this Stock Grant have
become nonforfeitable under § 3(a), then he or she shall (except as provided in
§ 14 of the Plan) forfeit all of the shares of Stock subject to this Stock
Grant except those shares in which he or she has (pursuant to § 3(a)) a
nonforfeitable interest on the date Grantee’s service relationship with the
Company and its Affiliates so terminates.

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     § 4. Issuance of Shares. The Company shall issue the shares of Stock subject to this
Stock Grant in book entry. The Secretary of the Company shall direct the Company’s transfer agent
not to honor any requests by the Grantee to transfer the shares of Stock subject to this Stock
Grant or to issue a physical stock certificate representing such shares and any distributions made
with respect to such shares (other than ordinary cash dividends) until such time as Grantee’s
interest in such shares has become nonforfeitable. As soon as practicable after each date as of
which Grantee’s interest in any shares becomes nonforfeitable under § 3(a), the Company shall
direct the Company’s transfer agent to honor any requests thereafter by the Grantee to transfer the
shares in which his or her interest has become nonforfeitable on such date (together with any
distributions made with respect to such shares that have been held by the Company) or to issue a
physical stock certificate representing such shares. If shares are forfeited under § 3(a), the
shares (together with any distributions made with respect to the shares that have been held by the
Company) automatically shall revert back to the Company.

     § 5. Nontransferable. No rights granted under this Stock Grant Certificate shall be
transferable by Grantee other than by will or by the laws of descent and distribution.

     § 6. Other Laws. The Company shall have the right to refuse to transfer shares of
Stock subject to this Stock Grant to Grantee if the Company acting in its absolute discretion
determines that the transfer of such shares might violate any applicable law or regulation.

     § 7. Taxes.

	 	(a)	 	Generally. Grantee is ultimately liable and
responsible for all U.S. federal income and other taxes, including any state,
local or non-U.S. income or employment tax obligation, that may be owed by
Grantee in connection with this Stock Grant and the underlying shares of Stock,
regardless of any action the Company or any of its Subsidiaries takes or any
transaction pursuant to this § 7 with respect to any tax withholding
obligations that arise in connection with this Stock Grant. As a condition and
term of this Stock Grant, no election under Section 83(b) of the Code may be
made by Grantee or any other person with respect to all or any portion of this
Stock Grant. The Company makes no representation or undertaking regarding the
treatment of any tax withholding in connection with the grant, issuance and
vesting of this Stock Grant or the subsequent sale of any of the shares of
Stock underlying this Stock Grant that vest. The Company does not commit and is
under no obligation to structure this Stock Grant to reduce or eliminate
Grantee’s tax liability.
	 
	 	(b)	 	Payment of Withholding Taxes. Grantee will be subject
to U.S. federal and state income and other tax withholding requirements on

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	 	 	 	one or more dates (generally, the date or dates that shares of Stock
underlying this Stock Grant vest or become nonforfeitable pursuant to § 3(a)
of this Stock Grant) determined by applicable law (any such date, the
“Taxable Date”). Grantee will be solely responsible for the payment of all
U.S. federal income and other taxes, including any state, local or non-U.S.
income or employment tax obligation that may be related to this Stock Grant
and the underlying shares of Stock, including any such taxes that are
required to be withheld and paid over to the applicable tax authorities
(each such instance, a “Tax Withholding Obligation”). Grantee will be
responsible for the satisfaction of each such Tax Withholding Obligation in
a manner acceptable to the Company in its sole discretion. [Note: If date
of grant of this Stock Grant is during a quarterly or other blackout period
or if Grantee is in possession of material nonpublic information at time of
grant, delete clauses (1) through (3) below and insert the following
language. Otherwise, delete the following bracketed sentence] [Grantee’s
acceptance of this Stock Grant constitutes Grantee’s agreement to execute
and deliver to the Company a Tax Withholding Payment Authorization in
substantially the form attached as Exhibit A to this Stock Grant. In the
event Grantee has not executed and delivered to the Company the Tax
Withholding Payment Authorization prior a Taxable Date, Grantee by
acceptance of this Stock Grant authorizes the Company to withhold from the
shares of Stock underlying this Stock Grant the whole number of shares of
Stock with a value equal to the Fair Market Value of the shares of Stock on
such Taxable Date or the first trading day before the Taxable Date,
sufficient to satisfy the applicable Tax Withholding Obligation. Grantee
acknowledges by acceptance of this Stock Grant that the withheld shares of
Stock may not be sufficient to satisfy Grantee’s Tax Withholding Obligation.
Accordingly, Grantee agrees by acceptance of this Stock Grant to pay to the
Company as soon as practicable (immediately, if the Grantee is an executive
officer of the Company), including through payroll withholding, any amount
of the Tax Withholding Obligation that is not satisfied by the withholding
of shares of Stock described above.]

	 	(1)	 	By Sale of Shares. Grantee’s acceptance
of this Stock Grant constitutes Grantee’s instructions and
authorization to the Company and any brokerage firm determined
acceptable to the Company for such purpose to sell on Grantee’s behalf
a whole number of shares of Stock from those shares of Stock underlying
the Stock Grant as indicated below in clauses (a) through (d) or as the
Company determines to be appropriate to generate cash proceeds
sufficient to satisfy each applicable Tax Withholding Obligation, and
to transfer that

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	 	 	 	amount of proceeds from the sale of such shares of Stock as is
sufficient to satisfy each applicable Tax Withholding Obligation from
Grantee’s securities account established with the Company’s
designated brokerage service provider for its Stock Grants to any
account held in the name of the Company. Prior to any such sales of
Stock by the brokerage firm on behalf of Grantee, the Company will
communicate to such brokerage firm the amount of cash proceeds that
must be generated by such sales of Stock to satisfy the applicable
Tax Withholding Obligation. Such shares of Stock (and any additional
shares as indicated in clauses (a) through (d) below), will be sold
automatically by the brokerage firm on behalf of Grantee on each
Taxable Date or as soon thereafter as practicable in accordance with
Grantee’s instructions hereby to sell such shares. Grantee will be
responsible for all brokers’ fees and other costs of sale, which fees
and costs may be deducted from the proceeds of such sales of shares
of Stock, and Grantee agrees to indemnify and hold the Company and
any brokerage firm selling such shares of Stock harmless from any
losses, costs, damages or expenses relating to such sales. Grantee
covenants to execute any such documents as are requested by any
brokerage firm selling such shares and payment of the tax obligations
to the Company. To the extent the proceeds of such sales exceed
Grantee’s Tax Withholding Obligation at any given time, such excess
cash will be deposited into Grantee’s securities account established
with the Company’s designated brokerage firm. Such shares of Stock
will be sold through the Company’s designated brokerage firm at
market prices; however the price Grantee receives will reflect a
weighted average sales price based on the sales price of shares of
Stock on behalf of Grantee and others for whom the designated
brokerage firm may be selling shares on the relevant day(s), and
Grantee acknowledges that the Company or its designee is under no
obligation to arrange for such sales at any particular price, and
that the proceeds of such sales may not be sufficient to satisfy
Grantee’s Tax Withholding Obligation. Accordingly, Grantee agrees to
pay to the Company as soon as practicable (immediately, if the
Grantee is an executive officer of the Company), including through
payroll withholding, any amount of the Tax Withholding Obligation
that is not satisfied by the sales of shares of Stock described
below. Unless otherwise authorized by the Company in its sole
discretion, the sales of shares of Stock on behalf of Grantee and in
accordance with Grantee’s instructions

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	 	 	 	hereby will be the primary method used by the Company to satisfy each
applicable Tax Withholding Obligation. By acceptance of this Stock
Grant, Grantee:

	 	(a)	 	hereby instructs the Company’s
designated brokerage firm to sell on Grantee’s behalf on
                     [Insert first vesting date] (or as soon thereafter
as reasonably practicable):
	 
	 	 	 	Instructions to Grantee: Check one of the three
boxes below and insert either a percentage or a fixed number
of shares if you check one of the first two boxes below.
	 
	 	 	 	Percentage of Underlying Vested Shares:
	 
	 	 	 	o ___% of the shares of Stock underlying the Stock Grant
and vesting as of the vesting date indicated above (rounded
up to a whole number of shares); provided, however, that if
such percentage represents less than that number of shares as
the Company determines to be appropriate to generate
sufficient cash proceeds to satisfy the applicable Tax
Withholding Obligation, the Company’s designated brokerage
firm shall sell such higher number of shares as determined by
the Company to be appropriate.
	 
	 	 	 	Fixed Number of Underlying Vested Shares:
	 
	 	 	 	o                      of the shares of Stock underlying the Stock
Grant and vesting as of the vesting date indicated above;
provided, however, that if such number of shares represents
less than that number of shares as the Company determines to
be appropriate to generate sufficient cash proceeds to
satisfy the applicable Tax Withholding Obligation, the
Company’s designated brokerage firm shall sell such higher
number of shares as determined by the Company to be
appropriate.
	 
	 	 	 	Minimum Number of Underlying Vested Shares As Determined
by the Company:
	 
	 	 	 	o That number of whole number of shares of Stock from
those shares of Stock underlying the Stock Grant as the
Company determines to be

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	 	 	 	appropriate as evident by the Company’s instructions to the
brokerage firm of the amount of cash proceeds that must be
generated by such sales of Stock to satisfy the applicable
Tax Withholding Obligation.
	 
	 	(b)	 	hereby instructs the Company’s
designated brokerage firm to sell on Grantee’s behalf on
                     [Insert second vesting date] (or as soon
thereafter as reasonably practicable):
	 
	 	 	 	Instructions to Grantee: Check one of the three
boxes below and insert either a percentage or a fixed number
of shares if you check one of the first two boxes below.
	 
	 	 	 	Percentage of Underlying Vested Shares:
	 
	 	 	 	o ___% of the shares of Stock underlying the Stock Grant
and vesting as of the vesting date indicated above (rounded
up to a whole number of shares); provided, however, that if
such percentage represents less than that number of shares as
the Company determines to be appropriate to generate
sufficient cash proceeds to satisfy the applicable Tax
Withholding Obligation, the Company’s designated brokerage
firm shall sell such higher number of shares as determined by
the Company to be appropriate.
	 
	 	 	 	Fixed Number of Underlying Vested Shares:
	 
	 	 	 	o                      of the shares of Stock underlying the Stock
Grant and vesting as of the vesting date indicated above;
provided, however, that if such number of shares represents
less than that number of shares as the Company determines to
be appropriate to generate sufficient cash proceeds to
satisfy the applicable Tax Withholding Obligation, the
Company’s designated brokerage firm shall sell such higher
number of shares as determined by the Company to be
appropriate.
	 
	 	 	 	Minimum Number of Underlying Vested Shares As Determined
by the Company:
	 
	 	 	 	o That number of whole number of shares of Stock from
those shares of Stock underlying the

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	 	 	 	Stock Grant as the Company determines to be appropriate as
evident by the Company’s instructions to the brokerage firm
of the amount of cash proceeds that must be generated by such
sales of Stock to satisfy the applicable Tax Withholding
Obligation.
	 
	 	(c)	 	hereby instructs the Company’s
designated brokerage firm to sell on Grantee’s behalf on
                     [Insert third vesting date] (or as soon thereafter
as reasonably practicable):
	 
	 	 	 	Instructions to Grantee: Check one of the three
boxes below and insert either a percentage or a fixed number
of shares if you check one of the first two boxes below.
	 
	 	 	 	Percentage of Underlying Vested Shares:
	 
	 	 	 	o ___% of the shares of Stock underlying the Stock Grant
and vesting as of the vesting date indicated above (rounded
up to a whole number of shares); provided, however, that if
such percentage represents less than that number of shares as
the Company determines to be appropriate to generate
sufficient cash proceeds to satisfy the applicable Tax
Withholding Obligation, the Company’s designated brokerage
firm shall sell such higher number of shares as determined by
the Company to be appropriate.
	 
	 	 	 	Fixed Number of Underlying Vested Shares:
	 
	 	 	 	o                      of the shares of Stock underlying the Stock
Grant and vesting as of the vesting date indicated above;
provided, however, that if such number of shares represents
less than that number of shares as the Company determines to
be appropriate to generate sufficient cash proceeds to
satisfy the applicable Tax Withholding Obligation, the
Company’s designated brokerage firm shall sell such higher
number of shares as determined by the Company to be
appropriate.
	 
	 	 	 	Minimum Number of Underlying Vested Shares As Determined
by the Company:

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	 	 	 	o That number of whole number of shares of Stock from
those shares of Stock underlying the Stock Grant as the
Company determines to be appropriate as evident by the
Company’s instructions to the brokerage firm of the amount of
cash proceeds that must be generated by such sales of Stock
to satisfy the applicable Tax Withholding Obligation.
	 
	 	(d)	 	hereby instructs the Company’s
designated brokerage firm to sell on Grantee’s behalf on
                     [Insert fourth vesting date] (or as soon
thereafter as reasonably practicable):
	 
	 	 	 	Instructions to Grantee: Check one of the three
boxes below and insert either a percentage or a fixed number
of shares if you check one of the first two boxes below.
	 
	 	 	 	Percentage of Underlying Vested Shares:
	 
	 	 	 	o ___% of the shares of Stock underlying the Stock Grant
and vesting as of the vesting date indicated above (rounded
up to a whole number of shares); provided, however, that if
such percentage represents less than that number of shares as
the Company determines to be appropriate to generate
sufficient cash proceeds to satisfy the applicable Tax
Withholding Obligation, the Company’s designated brokerage
firm shall sell such higher number of shares as determined by
the Company to be appropriate.
	 
	 	 	 	Fixed Number of Underlying Vested Shares:
	 
	 	 	 	o                      of the shares of Stock underlying the Stock
Grant and vesting as of the vesting date indicated above;
provided, however, that if such number of shares represents
less than that number of shares as the Company determines to
be appropriate to generate sufficient cash proceeds to
satisfy the applicable Tax Withholding Obligation, the
Company’s designated brokerage firm shall sell such higher
number of shares as determined by the Company to be
appropriate.

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	 	 	 	Minimum Number of Underlying Vested Shares As Determined
by the Company:
	 
	 	 	 	o That number of whole number of shares of Stock from
those shares of Stock underlying the Stock Grant as the
Company determines to be appropriate as evident by the
Company’s instructions to the brokerage firm of the amount of
cash proceeds that must be generated by such sales of Stock
to satisfy the applicable Tax Withholding Obligation.

	 	 	 	Grantee acknowledges by acceptance of this Stock Grant that its
instructions pursuant to this § 7(b)(1) to sell shares of Stock
underlying this Stock Grant to satisfy each and every applicable Tax
Withholding Obligation are intended to and shall constitute that
number of separate trading instructions in compliance with the
requirements of Rule 10b5-1(c)(1)(i)(A)(2) under the Securities
Exchange Act of 1934, as amended, as the number of separate
applicable Tax Withholding Obligations hereunder, and shall be
interpreted to comply with the requirements of Rule 10b5-1(c).
	 
	 	 	 	Grantee acknowledges by acceptance of this Stock Grant that Grantee
is not aware of any material nonpublic information with respect to
the Company or any securities of the Company as of the date of
Grantee’s acceptance of this Stock Grant and as of Grantee’s
instructions hereby to sell shares of Stock underlying this Stock
Grant to satisfy each and every applicable Tax Withholding Obligation
pursuant to Rule 10b5-1(c)(1)(i)(A)(2).
	 
	 	(2)	 	By Share Withholding. If so elected in
the sole discretion of the Company, then in lieu of any market sale
pursuant to § 7(b)(1) Grantee by acceptance of this Stock Grant
authorizes the Company to withhold from the shares of Stock underlying
this Stock Grant the whole number of shares of Stock with a value equal
to the Fair Market Value of the shares of Stock on the Taxable Date or
the first trading day before the Taxable Date, sufficient to satisfy
the applicable Tax Withholding Obligation. Grantee acknowledges that if
the Company elects to withhold shares pursuant to this § 7(b)(2) in
lieu of any market sale pursuant to § 7(b)(1)(a), (b), (c) or (d), as
the case may be, the maximum number of shares to be withheld by the
Company will be that number of whole shares of Stock with a value equal
to the Fair Market Value of the shares of Stock on the

10

 

	 	 	 	taxable Date or the first trading day before the Taxable Date
sufficient to satisfy the applicable Tax Withholding Obligation and
that any additional shares Grantee may have previously instructed the
Company’s designated brokerage firm to sell pursuant to § 7(b)(1)(a),
(b), (c) or (d), as the case may be, will not be sold or withheld by
the Company. Grantee acknowledges by acceptance of this Stock Grant
that any withheld shares of Stock pursuant to this § 7(b)(2) may not
be sufficient to satisfy Grantee’s Tax Withholding Obligation.
Accordingly, Grantee agrees by acceptance of this Stock Grant to pay
to the Company as soon as practicable (immediately, if the Grantee is
an executive officer of the Company), including through payroll
withholding, any amount of the Tax Withholding Obligation that is not
satisfied by the withholding of shares of Stock described above.
	 
	 	(3)	 	By Check, Wire Transfer or Other Means.
At any time not more than twenty (20) business days and not less than
five (5) business days before any Tax Withholding Obligation arises,
Grantee may elect to terminate one or more of Grantee’s instructions
pursuant to § 7(b)(1)(a), (b), (c) and/or (d) to sell shares of Stock
to satisfy such Tax Withholding Obligation and to satisfy such Tax
Withholding Obligation by delivering to the Company an amount the
Company determines is sufficient to satisfy such Tax Withholding
Obligation by wire transfer to such account as the Company may direct,
delivery of a check payable to the Company at the Company’s principal
executive officers (Attention: Stock Administration) or such other
means as the Company may establish or permit. Any such election by
Grantee to satisfy any Tax Withholding Obligation by wire transfer,
delivery of a check or such other means will constitute a termination
of Grantee’s instruction pursuant to § 7(b)(1)(a), (b), (c) or (d)
above with respect to that particular Tax Withholding Obligation only
and will not affect Grantee’s instructions pursuant to § 7(b)(1)(a),
(b), (c) or (d), as the case may be, above with respect to future Tax
Withholding Obligations. If Grantee does not satisfy such Tax
Withholding Obligation by delivering to the Company an amount the
Company determines is sufficient to satisfy such Tax Withholding
Obligation by wire transfer, delivery of a check or such other means as
the Company has permitted, the Company in its sole discretion may
withhold pursuant to § 7(b)(2) above from the shares of Stock
underlying this Stock Grant such number of whole shares of Stock with a
value equal to the Fair Market Value of the shares of Stock on the
Taxable Date or the first trading day before the Taxable Date

11

 

	 	 	 	sufficient to satisfy the applicable Tax Withholding Obligation, or
may withhold an amount of the Grantee’s current or future
compensation in an amount that satisfies such Tax Withholding
Obligation.

	 	(c)	 	Estimated Tax Withholding. Grantee by acceptance of
this Stock Grant understands and acknowledges that the withholding taxes to be
collected by the Company from Grantee in connection with this Stock Grant
pursuant to § 7(b) above are only an estimate of Grantee’s ultimate tax
liability in connection with this Stock Grant and that Grantee may be required
to pay additional income tax upon filing his or her annual tax return. Grantee
by acceptance of this Stock Grant understands that the Company cannot provide
Grantee tax advice and that Grantee should consult with his or her tax advisor
on such issues.

     § 8. No Right to Continue Service. None of the Plan, this Stock Grant Certificate, or
any related material shall give Grantee the right to remain employed by the Company or its
Affiliates or to continue in the service of the Company or its Affiliates in any other capacity.

     § 9. Governing Law. The Plan and this Stock Grant Certificate shall be governed by
the laws of the State of Delaware.

     § 10. Binding Effect. This Stock Grant Certificate shall be binding upon the Company
and Grantee and their respective heirs, executors, administrators and successors.

     § 11. Headings and Sections. The headings contained in this Stock Grant Certificate
are for reference purposes only and shall not affect in any way the meaning or interpretation of
this Stock Grant Certificate. All references to sections in this Stock Grant Certificate shall be
to sections of this Stock Grant Certificate unless otherwise expressly stated as part of such
reference.

     § 12. Availability of Copy of Plan and Plan Prospectus. A copy of the plan document
and prospectus for the ev3 Inc. Second Amended and Restated 2005 Incentive Stock Plan are available
on the Company’s intranet portal under the “Employee Tools” section, which can be accessed by
opening your web browser from your Company desktop or laptop computer. If you like to receive a
paper copy of the plan document and/or plan prospectus, please contact:

12

 

Kevin M. Klemz

Senior Vice President, Secretary and Chief Legal Officer

ev3 Inc.

9600 54th Avenue North

Plymouth, Minnesota 55442

(763) 398-7000

KKlemz@ev3.net

     § 13. Availability of Annual Report to Stockholders and Other SEC Filings. A copy of
the Company’s most recent annual report to stockholders and other filings made with the Securities
and Exchange Commission are available on the Company’s internet website, www.ev3.net, under the
Investors Relations—SEC Filings section. If you like to receive a paper copy of the Company’s most
recent annual report to stockholders and other filings made by the Company with the Securities and
Exchange Commission, please contact Kevin M. Klemz at the address, telephone number or e-mail
address above.

Grantee acknowledges receipt of a copy of the Plan, represents that he or she is familiar with
the terms and provisions thereof, and hereby accepts the Stock Grant subject to all of the terms
and provisions hereof and thereof. Grantee has reviewed this Stock Grant Certificate and the Plan
in their entirety, has had an opportunity to obtain the advice of counsel and fully understands all
provisions of this Stock Grant Certificate and the Plan.

	 	 	 	 	 	 	 	 	 	 	 
	DATED:

	 	 	 	 	 	     SIGNED	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

Grantee
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

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