Document:

EX-10.5

 Exhibit 10.5 

TORNIER, INC. 
 EMPLOYMENT
AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into effective as of June 10, 2013
(the “Effective Date”), between Tornier, Inc., a Delaware corporation (the “Company”), and Gordon Van Ummersen (the “Executive”). 

R E C I T A L S: 

WHEREAS, the Company recognizes that the future growth, profitability and success of the Company’s business will be substantially and
materially enhanced by the employment of the Executive by the Company; and 
 WHEREAS, the Company desires to employ the Executive and the
Executive has indicated his willingness to provide his services to the Company, on the terms and conditions set forth herein. 
 NOW,
THEREFORE, on the basis of the foregoing premises and in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows: 

Section 1. Employment. The Company hereby agrees to employ the Executive and the Executive hereby accepts employment with the
Company, on the terms and subject to the conditions hereinafter set forth. The Executive shall serve as the Senior Vice President, Product Delivery, and in such capacity, shall report directly to the President and Chief Executive Officer and shall
be responsible for research and development, marketing, regulatory and clinical activities and have such other duties as assigned by the President and Chief Executive Officer which are typically performed by the Senior Vice President, Product
Delivery of a corporation. The Executive shall take the office of Senior Vice President, Product Delivery effective June 10, 2013. The principal location of the Executive’s employment shall be at the Company’s principal executive
office located in Minnesota, although the Executive understands and agrees that he may be required to travel from time to time for Company business reasons. The Executive agrees to relocate to the Minneapolis/St. Paul area within one (1) year
of the Effective Date. 
 Section 2. Term. Unless terminated pursuant to Section 6 hereof, the Executive’s employment
hereunder shall commence on the Effective Date and shall continue during the period ending on the third anniversary of the Effective Date (the “Initial Term”). Thereafter, the Executive’s employment term shall extend
automatically for consecutive periods of one year unless either party shall provide notice of termination not less than 60 days prior to an anniversary date of this Agreement. The Initial Term, together with any extension pursuant to this
Section 2, is referred to herein as the “Employment Term.” The Employment Term shall terminate upon any termination of the Executive’s employment pursuant to Section 6. 

 Section 3. Compensation. During the Employment Term, the Executive shall be entitled
to the following compensation and benefits: 
 (a) Salary. As compensation for the performance of the Executive’s services
hereunder, the Company shall pay to the Executive a base salary (the “Salary”) of U.S. $350,000 per year (which is not subject to a cap or a maximum) with increases, if any, as may be approved by the Board of Directors or the
Compensation Committee of the Board. The Salary shall be payable in accordance with the customary payroll practices of the Company as the same shall exist from time to time. In no event shall the Salary be decreased during the Employment Term. 

(b) Bonus. During the Employment Term, in addition to Salary, the Executive shall be eligible to participate in such bonus plans as may
be adopted from time to time by the Board of Directors for other officers of the Company (the “Bonus”) for each such calendar or fiscal year ending during the Employment Period; provided that, unless the Board of Directors or the
Compensation Committee of the Board determines otherwise, the Executive must be employed on the last day of such year in order to receive the Bonus attributable thereto and such Bonus shall be prorated based on number of days during such year that
the Executive was employed as an Executive. The bonus of the Executive shall be initially targeted at 50% of his base salary at 100% achievement. The Executive’s entitlement to the Bonus for any particular year shall be based on the attainment
of performance objectives established by the President and Chief Executive Officer or the Compensation Committee of the Board in any such bonus plan. In no event shall the bonus target be decreased during the Employment Term. 

(c) Benefits. Except as otherwise provided in this Agreement, in addition to the Salary and Bonus, if any, the Executive shall be
entitled during the Employment Term to participate in health, insurance, retirement, disability, and other benefit programs provided to other officers of the Company on terms no less favorable than those available to the other officers of the
Company. The Executive shall also be entitled to the same number of vacation days, holidays, sick days and other benefits as are generally allowed to other senior executives of the Company in accordance with the Company’s policies in effect
from time to time. The Executive shall be initially entitled to five (5) weeks of accrued vacation for immediate use under this Agreement. 

(d) Equity Awards. In accordance with the Tornier N.V. Grant Policy under the Tornier N.V. 2010 Incentive Plan (the “Grant
Policy”), but subject to the approval of the Board of Directors of Tornier N.V. (the “Board”), the Company agrees to cause the Board to grant the Executive, at the Board’s next regularly scheduled meeting anticipated
to take place in July 2013, a talent acquisition grant valued at U.S. $875,000, 50% of each of which would be payable in a stock option (the “Option”) and 50% of each of which would be payable in a stock grant in the form of a
restricted stock unit (the “RSU”) under the Tornier N.V. 2010 Incentive Plan (the “2010 Plan”), with the exact grant date and number of underlying ordinary shares, par value €0.03 per share
(“Shares”), of Tornier N.V. to be determined by the Board in accordance with the Grant Policy. All of the terms and conditions relating to the Option and RSU, including the vesting and, in the case of the Option, the expiration
date, are set forth in grant certificates to be provided to the Executive after the grant date (the “Grant Certificates”). 

(e) Monthly Temporary Living Stipend. The Company shall make a payment to the Executive of U.S. $2,500 each month for up to the first
12 months of the Employment Term, for the Executive’s temporary living expenses (excluding airfare) in or near Minneapolis/St. Paul, Minnesota. 

  
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 (f) Reimbursement of Certain Relocation Expenses. The Company shall reimburse the
Executive’s reasonable expenses in connection with the Executive’s relocation to the Minneapolis/St. Paul, Minnesota area in accordance with the Company’s policy with respect to such matters, a copy of which policy has been provided
to the Executive. 
 (g) Signing Bonus. The Executive shall receive a one-time signing bonus of $80,000, which will be paid to the
Executive within the first two pay periods after the Effective Date (the “Signing Bonus”). If the Executive terminates his employment with the Company or if the Company terminates the Executive’s employment with the Company for
Cause (as hereinafter defined) during the first 12 months of the Employment Term, the Executive will be required to repay the Company in its entirety the Signing Bonus. 

Section 4. Exclusivity. During the Employment Term, the Executive shall devote his full time to the business of the Company and
its subsidiaries, shall faithfully serve the Company and its subsidiaries, shall in all respects conform to and comply with the lawful and reasonable directions and instructions given to him by the President and Chief Executive Officer in accordance
with the terms of this Agreement, shall use his best efforts to promote and serve the interests of the Company and its subsidiaries and shall not engage in any other business activity, whether or not such activity shall be engaged in for pecuniary
profit, except that the Executive may (i) participate in the activities of professional trade organizations related to the business of the Company and its subsidiaries, (iii) participate in the activities on non-profit organizations
(iii) engage in personal investing activities and (iv) serve on the board of directors of not more than one other company whose businesses are not in competition with the business interests of the Company or any of its subsidiaries or
affiliates, provided that the activities set forth in these clauses (i), (ii), (iii) and (iv), either singly or in the aggregate, do not interfere in any material respect with the services to be provided by the Executive hereunder. 

Section 5. Reimbursement for Expenses. During the Employment Term, the Executive is authorized to incur reasonable expenses in the
discharge of the services to be performed hereunder, including expenses for travel, entertainment, lodging and similar items in accordance with the Company’s expense reimbursement policy, as the same may be modified by the Company from time to
time. The Company shall reimburse the Executive for all such proper expenses upon presentation by the Executive of itemized accounts of such expenditures in accordance with the financial policy of the Company, as in effect from time to time. 

Section 6. Termination and Default. 

(a) Death. The Executive’s employment shall automatically terminate upon his death and upon such event, the Executive’s estate
shall be entitled to receive the amounts specified in Section 6(e) below. 
 (b) Disability. If the Executive is unable to
perform the duties required of him under this Agreement because of illness, incapacity, or physical or mental disability, the Employment Term shall continue and the Company shall pay all compensation required to be paid to the Executive hereunder,
unless the Executive is disabled such that the Executive would be entitled to receive disability benefits under the Company’s long-term disability plan, or if no such plan exists, the Executive is unable to perform the duties required of him
under this 

  
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Agreement for an aggregate of 180 days (whether or not consecutive) during any 12-month period during the term of this Agreement, in which event the Executive’s employment shall terminate.

 (c) Cause. The Company may terminate the Executive’s employment at any time, with or without Cause. In the event of
termination pursuant to this Section 6(c) for Cause (as defined below), the Company shall deliver to the Executive written notice setting forth the basis for such termination, which notice shall specifically set forth the nature of the Cause
which is the reason for such termination. Termination of the Executive’s employment hereunder shall be effective upon delivery of such notice of termination. For purposes of this Agreement, “Cause” shall mean: (i) the
Executive’s failure (except where due to a disability contemplated by subsection (b) hereof), neglect or refusal to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 30
days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall specifically set forth the nature of said failure, neglect or refusal, (ii) any willful or intentional act of the
Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) any continued or repeated absence from the Company, unless such absence is (A) approved or excused by the
Board of Directors or (B) is the result of the Executive’s illness, disability or incapacity (in which event the provisions of Section 6(b) hereof shall control); (iv) use of illegal drugs by the Executive or repeated
drunkenness; (v) conviction of the Executive for the commission of a felony; or (vi) the commission by the Executive of an act of fraud or embezzlement against the Company. 

(d) Resignation. The Executive shall have the right to terminate his employment at any time by giving notice of his resignation. 

(e) Payments. In the event that the Executive’s employment terminates for any reason, the Company shall pay to the Executive all
amounts and benefits accrued but unpaid hereunder through the date of termination in respect of Salary or unreimbursed expenses, including accrued and unused vacation. In addition, in the event the Executive’s employment is terminated by the
Company without Cause, whether during or upon expiration of the then current term of this Agreement, in addition to the amounts specified in the foregoing sentence, (i) the Executive shall continue to receive the Salary at the rate in effect
hereunder on the date of such termination, on such regular payroll dates and in accordance with the Company’s prevailing payroll practices, for a period of 12 months following the date of such termination (the “Severance Term”)
and (ii) to the extent permissible under the Company’s health and welfare plans, the Executive shall continue to receive any health and welfare benefits provided to him as of the date of such termination in accordance with
Section 3(c) hereof during the Severance Term, on the same basis and at the same cost as during the Employment Term. Further, in the event the Executive’s employment is terminated without Cause by reason of the Company having notified the
Executive that this Agreement will not be extended pursuant to Section 2, the Executive shall be entitled to receive a pro-rated amount of the Bonus in a lump sum based on the Executive’s period of employment during the calendar year in
which such termination occurs. Following the end of the Severance Term, the Executive shall be entitled to elect health care continuation coverage permitted under Section 601 through 608 of the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”), as if his employment had then terminated. In the event the Executive accepts other full time employment or engages in his own 

  
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business prior to the last date of the Severance Term, the Executive shall forthwith notify the Company and the Company shall be entitled to set off from amounts and benefits due the Executive
under this Section 6(e) (other than in respect of the Bonus) the amounts paid to and benefits received by the Executive in respect of such other employment or business activity. Amounts owed by the Company in respect of the Salary, Bonus or
reimbursement for expenses under the provisions of Section 6 hereof shall, except as otherwise set forth in this Section 6(e), be paid promptly after the Executive’s Termination of Employment (or, in the case of payroll continuation
of Salary, payments will commence promptly after the Executive’s Termination of Employment). The payments and benefits to be provided to the Executive as set forth in this Section 6(e) in the event the Executive’s employment is
terminated by the Company without Cause: (i) shall be lieu of any and all benefits otherwise provided under any severance pay policy, plan or program maintained from time to time by the Company for its employees, and (ii) shall not be paid
to the extent that Executive’s employment is terminated following a Change in Control under circumstances entitling the Executive to the benefits described in Section 6(f). 

(f) Change in Control Benefit. In the event that the Executive’s employment is terminated by the Company without Cause or by the
Executive for Good Reason, as defined below, during the 12-month period immediately following a Change in Control, as defined below, whether during or upon expiration of the then current term of this Agreement: (i) the Company shall pay to the
Executive all amounts and benefits accrued but unpaid hereunder through the date of termination in respect of Salary or unreimbursed expenses, including accrued and unused vacation, (ii) all unvested shares that are subject to the Option and
RSU shall become immediately vested and exercisable as set forth in the 2010 Plan and Grant Certificates, (iii) the Company shall pay to Executive (within 15 days after his Termination of Employment) a lump sum payment equal to 12 months of his
Salary at the rate in effect hereunder on the date of such termination, plus his full target Bonus for the year in which the Change in Control occurs, and (iv) to the extent permissible under the Company’s health and welfare plans, the
Executive shall continue to receive, at the Company’s cost, any health and welfare benefits provided to him as of the date of such termination for the 12-month period following his termination of employment. Following the end of the 12-month
period described in clause (iv) of the preceding sentence, the Executive shall be entitled to elect health care continuation coverage permitted under Sections 601 through 608 of ERISA as if his employment with the Company then terminated. 

For purposes of this Agreement, “Change in Control” shall mean: 

(i) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more (on a fully diluted basis) of either
(A) the then outstanding shares of common stock of the Parent Corporation, taking into account as outstanding for this purpose such common stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, and
the exercise of any similar right to acquire such common stock (the “Outstanding Parent Corporation Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the Parent Corporation entitled to
vote generally in the election of directors (the “Outstanding Parent Corporation Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control:
(x) any acquisition by the Parent Corporation or any “affiliate” of the Parent 

  
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Corporation, within the meaning of 17 C.F.R. § 230.405 (an “Affiliate”), (y) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by
the Parent Corporation or any Affiliate of the Parent Corporation, (z) any acquisition by any corporation or business entity pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection (ii) of this
Section 6(f) (persons and entities described in clauses (x), (y) and (z) being referred to herein as “Permitted Holders”); or 

(ii) The consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of
the Parent Corporation (a ”Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of
the Outstanding Parent Corporation Common Stock and Outstanding Parent Corporation Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares
of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without
limitation, a corporation which as a result of such transaction owns the Parent Corporation or all or substantially all of the Parent Corporation’s assets either directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Business Combination of the Outstanding Parent Corporation Common Stock and Outstanding Parent Corporation Voting Securities, as the case may be, and (B) no Person (excluding any
Permitted Holder) beneficially owns, directly or indirectly, 50% or more (on a fully diluted basis) of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination, taking into account as
outstanding for this purpose such common stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, and the exercise of any similar right to acquire such common stock, or the combined voting power of the
then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from
such Business Combination were members of the incumbent Board of Directors of the Parent Corporation at the time of the execution of the initial agreement providing for such Business Combination; or 

(iii) Approval by the shareholders of the Parent Corporation of a complete liquidation or dissolution of the Parent Corporation; or 

(iv) The sale of at least 80% of the assets of the Parent Corporation to an unrelated party, or completion of a transaction having a similar
effect. 
 (g) Survival of Operative Sections. Upon any termination of the Executive’s employment, the provisions of Sections
6(e), 6(f), and 7 through 18 of this Agreement shall survive to the extent necessary to give effect to the provisions thereof. 
 (h) Six
Month Suspension if the Executive is a Specified Employee. Notwithstanding the foregoing, if, at the time of his Termination of Employment, the Executive is a Specified Employee (within the meaning of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”)), then to the extent any payment under Section 6 is determined 

  
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by the Company to be deferred compensation subject to the requirements of Section 409A of the Code, payment of such deferred compensation shall be suspended and not made until the first day
of the month next following the end of the 6-month period following the Executive’s Termination of Employment, or, if earlier, upon the Executive’s death. 

(g) Definitions. 
 (i)
Good Reason. For purposes of subsection (f), “Good Reason” shall mean, without the Executive’s prior written consent, (A) a material diminution in the Executive’s authority, duties or responsibilities as in effect
prior to the Change in Control, (B) a material diminution in the Executive’s base compensation (which includes the Executive’s base Salary and Bonus and employee benefit plan coverage for the Executive and his family) in effect
immediately prior to the Change in Control or as thereafter increased, or (C) the Company’s requiring the Executive to be based at any office or location that is more than fifty (50) miles further from the office or location thereof
immediately preceding a Change in Control. In order to constitute Good Reason, the Executive must give written notice to the Company of the existence of the condition constituting Good Reason within 90 days of the initial existence of the condition
and his intent to terminate employment with the Company for Good Reason. If the Company remedies any event or change described in this subsection within 30 days of such notice from the Executive, such event or change shall not constitute Good
Reason. 
 (b) Termination of Employment. Solely for purposes of determining when payments may be made to the Executive under this
Section 6, “Termination of Employment” means a termination of the Executive’s employment relationship with the Company and all affiliates or such other change in the Executive’s employment relationship with the Company and
all affiliates that would be considered a “separation from service” under Section 409A of the Code. 
 Section 7.
Secrecy and Non-Competition. 
 (a) No Competing Employment. The Executive acknowledges that the agreements and covenants
contained in this Section 7 are essential to protect the value of the Company’s, or any of its subsidiaries’ or affiliates’, business and assets and by his current employment with the Company and its subsidiaries, the Executive
has obtained and will obtain such knowledge, contacts, know-how, training and experience and there is a substantial probability that such knowledge, know-how, contacts, training and experience could be used to the substantial advantage of a
competitor of the Company or any of its subsidiaries or affiliates and to the Company’s, or any of its subsidiaries’ or affiliates’, substantial detriment. Therefore, the Executive agrees that for the period commencing on the date of
this Agreement and ending on the first anniversary of the termination of the Executive’s employment hereunder (such period is hereinafter referred to as the “Restricted Period”) with respect to any State in which the Company is
engaged in business during the Employment Term, the Executive shall not participate or engage, directly or indirectly, for himself or on behalf of or in conjunction with any person, partnership, corporation or other entity, whether as an employee,
agent, officer, director, partner or joint venturer, in any business activities if such activity consists of any activity undertaken or expressly contemplated to be undertaken by the Company or any of its subsidiaries or by the Executive at any time
during the last three (3) years of the Employment Term. The 

  
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foregoing restrictions contained in this Section 7(a) shall not prevent the Executive from accepting employment with a large diversified organization with separate and distinct divisions
that do not compete, directly or indirectly, with the Company or any of its subsidiaries or affiliates, so long as prior to accepting such employment the Company receives separate written assurances from the prospective employer and from the
Executive, satisfactory to the Company, to the effect that the Executive will not render any services, directly or indirectly, to any division or business unit that competes, directly or indirectly, with the Company or any of its subsidiaries or
affiliates. During the Restricted Period, the Executive will inform any new employer, prior to accepting employment, of the existence of this Agreement and provide such employer with a copy of this Agreement. 

(b) Nondisclosure of Confidential Information. The Executive, except in connection with his employment hereunder, shall not disclose to
any person or entity or use, either during the Employment Term or at any time thereafter, any information not in the public domain or generally known in the industry that the Company any of its subsidiaries or affiliates treats as confidential or
proprietary, in any form, acquired by the Executive while employed by the Company or any predecessor to the Company’s business or, if acquired following the Employment Term, such information which, to the Executive’s knowledge, has been
acquired, directly or indirectly, from any person or entity owing a duty of confidentiality to the Company or any of its subsidiaries or affiliates, relating to the Company, its subsidiaries or affiliates, including but not limited to information
regarding customers, vendors, suppliers, trade secrets, training programs, manuals or materials, technical information, contracts, systems, procedures, mailing lists, know-how, trade names, improvements, price lists, financial or other data
(including the revenues, costs or profits associated with any of the Company’s, or any of its subsidiaries’ or affiliates’, products or services), business plans, code books, invoices and other financial statements, computer programs,
software systems, databases, discs and printouts, plans (business, technical or otherwise), customer and industry lists, correspondence, internal reports, personnel files, sales and advertising material, telephone numbers, names, addresses or any
other compilation of information, written or unwritten, which is or was used in the business of the Company or any subsidiaries or affiliates thereof. The Executive agrees and acknowledges that all of such information, in any form, and copies and
extracts thereof, are and shall remain the sole and exclusive property of the Company any of its subsidiaries or affiliates, and upon termination of his employment with the Company, the Executive shall return to the Company any of its subsidiaries
or affiliates the originals and all copies of any such information provided to or acquired by the Executive in connection with the performance of his duties for the Company, and shall return to the Company any of its subsidiaries or affiliates all
files, correspondence and/or other communications received, maintained and/or originated by the Executive during the course of his employment. 

(c) No Interference. During the Restricted Period, the Executive shall not, whether for his own account or for the account of any other
individual, partnership, firm, corporation or other business organization (other than the Company), directly or indirectly solicit, endeavor to entice away from the Company or any of its subsidiaries or affiliates, or otherwise directly interfere
with the relationship of the Company or any of its subsidiaries or affiliates with any person who, to the knowledge of the Executive, is employed by or otherwise engaged to perform services for the Company or any of its subsidiaries or affiliates
(including, but not limited to, any independent sales representatives or organizations) or who is, or was 

  
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within the then most recent 12-month period, a customer or client of the Company, its predecessors or any of its subsidiaries or affiliates. The placement of any general classified or ‘help
wanted’ advertisements and/or general solicitations to the public at large shall not constitute a violation of this Section 7(c) unless the Executive’s name is contained in such advertisements or solicitations. 

(d) Inventions, etc. The Executive hereby sells, transfers and assigns to the Company or any of its subsidiaries or affiliates or to
any person or entity designated by the Company all of the entire right, title and interest of the Executive in and to all inventions, ideas, disclosures and improvements, whether patented or unpatented, and copyrightable material, made or conceived
by the Executive, solely or jointly, during his employment by the Company which relate to methods, apparatus, designs, products, processes or devices, sold, leased, used or under consideration or development by the Company or any of its subsidiaries
or affiliates, or which otherwise relate to or pertain to the business, functions or operations of the Company or any of its subsidiaries or affiliates or which arise from the efforts of the Executive during the course of his employment for the
Company. The Executive shall communicate promptly and disclose to the Company, in such form as the Company requests, all information, details and data pertaining to the aforementioned inventions, ideas, disclosures and improvements; and the
Executive shall execute and deliver to the Company such formal transfers and assignments and such other papers and documents as may be necessary or required of the Executive to permit the Company or any of its subsidiaries or affiliates or any
person or entity designated by the Company to file and prosecute the patent applications and, as to copyrightable material, to obtain copyright thereof. Any invention relating to the business of the Company or any of its subsidiaries or affiliates
and disclosed by the Executive within one year following the termination of his employment with the Company shall be deemed to fall within the provisions of this paragraph unless proved to have been first conceived and made following such
termination. The foregoing requirements of this Section 7(d) shall not apply to any invention for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on the
Executive’s own time, and (i) which does not relate directly to the Company’s, or any of its subsidiaries’ or affiliates’, business or to the Company’s, or any of its subsidiaries’ or affiliates’, actual or
demonstrably anticipated research or development, or (ii) which does not result from any work the Executive performed for the Company or any of its subsidiaries or affiliates. 

Section 8. Injunctive Relief. Without intending to limit the remedies available to the Company or any of its subsidiaries or
affiliates, the Executive acknowledges that in the event of a breach of any of the covenants contained in Section 7 hereof may result in material irreparable injury to the Company or its subsidiaries or affiliates for which there is no adequate
remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of such a breach or threat thereof, the Company shall be entitled to obtain a temporary restraining order and/or a preliminary or
permanent injunction, without the necessity of proving irreparable harm or injury as a result of such breach or threatened breach of Section 7 hereof, restraining the Executive from engaging in activities prohibited by Section 7 hereof or
such other relief as may be required specifically to enforce any of the covenants in Section 7 hereof. 

  
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 Section 9. Representations and Warranties of the Executive. The Executive represents
and warrants to the Company as follows: 
 (a) This Agreement, upon execution and delivery by the Executive, will be duly executed and
delivered by the Executive and (assuming due execution and delivery hereof by the Company) will be the valid and binding obligation of the Executive enforceable against the Executive in accordance with its terms. 

(b) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby nor the performance of this
Agreement in accordance with its terms and conditions by the Executive (i) requires the approval or consent of any governmental body or of any other person or (ii) conflicts with or results in any breach or violation of, or constitutes (or
with notice or lapse of time or both would constitute) a default under, any agreement, instrument, judgment, decree, order, statute, rule, permit or governmental regulation applicable to the Executive. Without limiting the generality of the
foregoing, the Executive is not a party to any non-competition, non-solicitation, no hire or similar agreement that restricts in any way the Executive’s ability to engage in any business or to solicit or hire the employees of any person. 

The representations and warranties of the Executive contained in this Section 9 shall survive the execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby. 
 Section 10. Representations and Warranties of the
Company. The Company represents and warrants to the Executive as follows: 
 (a) This Agreement, upon execution and delivery by the
Company, will be duly executed and delivered by the Company and (assuming due execution and delivery hereof by the Executive) will be the valid and binding obligation of the Company enforceable against the Company in accordance with its terms. 

(b) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby nor the performance of this
Agreement in accordance with its terms and conditions by the Company (i) requires the approval or consent of any governmental body or of any other person or (ii) conflicts with or results in any breach or violation of, or constitutes (or
with notice or lapse of time or both would constitute) a default under, any agreement, instrument, judgment, decree, order, statute, rule, permit or governmental regulation applicable to the Company. 

The representations and warranties of the Company contained in this Section 10 shall survive the execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby. 
 Section 11. Tax Withholding. All amounts payable to the
Executive under this Agreement shall be reduced by all applicable U.S. federal, state, local, foreign and other withholdings and similar taxes and payments required by applicable law. 

Section 12. Code Section 409A. The Company and the Executive intend that the benefits provided under this Agreement will
comply, in form and operation, with an exception to or exclusion from the requirements of Code section 409A and this Agreement will be construed 

  
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and administered in a manner that is consistent with and gives effect to such intention; provided, however, if any payment is or becomes subject to the requirements of Code section
409A, the Agreement as it relates to such payment is intended to comply with the requirements of Code section 409A. In no event may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement.
Certain payments to be made under Sections 3 and 6 are intended to be exempt from the requirements of Code section 409A because they are (i) non-taxable benefits, (ii) welfare benefits within the meaning of Treas. Reg. Sec. 1.409A-1(a)(5),
(iii) short-term deferrals under Treas. Reg. Sec. 1.409A-1(b)(4), or (iv) payments under a separation pay plan within the meaning of Treas. Reg. Sec. 1.409A-1(b)(9). 

Section 13. Successors and Assigns; No Third-Party Beneficiaries. This Agreement shall inure to the benefit of, and be binding
upon, the successors and assigns of each of the parties, including, but not limited to, the Executive’s heirs and the personal representatives of the Executive’s estate; provided, however, that neither party shall assign or
delegate any of the obligations created under this Agreement without the prior written consent of the other party. Notwithstanding the foregoing, the Company shall have the unrestricted right to assign this Agreement and to delegate all or any part
of its obligations hereunder to any of its subsidiaries or affiliates, but in such event such assignee shall expressly assume all obligations of the Company hereunder and the Company shall remain fully liable for the performance of all of such
obligations in the manner prescribed in this Agreement. Nothing in this Agreement shall confer upon any person or entity not a party to this Agreement, or the legal representatives of such person or entity, any rights or remedies of any nature or
kind whatsoever under or by reason of this Agreement. 
 Section 14. Waiver and Amendments. Any waiver, alteration, amendment or
modification of any of the terms of this Agreement shall be valid only if made in writing and signed by the parties hereto; provided, however, that any such waiver, alteration, amendment or modification is consented to on the
Company’s behalf by the Board of Directors. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such waiver
specifically states that it is to be construed as a continuing waiver. 
 Section 15. Severability and Governing Law. The
Executive acknowledges and agrees that the covenants set forth in Section 7 hereof are reasonable and valid in geographical and temporal scope and in all other respects. If any of such covenants or such other provisions of this Agreement are
found to be invalid or unenforceable by a final determination of a court of competent jurisdiction (a) the remaining terms and provisions hereof shall be unimpaired and (b) the invalid or unenforceable term or provision shall be deemed
replaced by a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF MINNESOTA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 

  
 11 

 Section 16. Notices. 

(a) All communications under this Agreement shall be in writing and shall be delivered by hand or mailed by overnight courier or by registered
or certified mail, postage prepaid: 
 (i) If to the Executive, at such other address as the Executive may have furnished the Company in
writing, and 
 (ii) If to the Company, at Minnesota Headquarters, marked for the attention of the President and Chief Executive Officer, or
at such other address as it may have furnished in writing to the Executive. 
 (b) Any notice so addressed shall be deemed to be given: if
delivered by hand, on the date of such delivery; if mailed by courier, on the first business day following the date of such mailing; and if mailed by registered or certified mail, on the third business day after the date of such mailing. 

Section 17. Section Headings. The headings of the sections and subsections of this Agreement are inserted for convenience only and
shall not be deemed to constitute a part thereof, affect the meaning or interpretation of this Agreement or of any term or provision hereof. 

Section 18. Entire Agreement. This Agreement, including the Exhibits hereto, constitutes the entire understanding and agreement of
the parties hereto regarding the employment of the Executive. This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings and agreements between the parties relating to the subject matter of this
Agreement, including without limitation that certain offer letter dated May 13, 2013. 
 Section 19. Severability. In the
event that any part or parts of this Agreement shall be held illegal or unenforceable by any court or administrative body of competent jurisdiction, such determination shall not effect the remaining provisions of this Agreement which shall remain in
full force and effect. 
 Section 20. Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original and all of which together shall be considered one and the same agreement. 
 [Remainder of Page Intentionally
Left Blank] 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written. 
  

			
	TORNIER, INC.
		
	By:	 	 /s/ David H. Mowry

	Name:	 	David H. Mowry
	Title:	 	President and Chief Executive Officer

  

	
	EXECUTIVE
	
	 /s/ Gordon Van Ummersen

	Gordon Van UmmersenEX-10.9

 Exhibit 10.9 

TORNIER N.V. 2010 INCENTIVE PLAN 

OPTION CERTIFICATE 

Tornier N.V., a public limited liability company organized under the laws of The Netherlands (the “Company”), in accordance with the
Tornier N.V. 2010 Incentive Plan, as such plan may be amended from time to time (the “Plan”), hereby grants to the individual named below, who shall be referred to as “Optionee”, an option (the “Option”) to purchase
from the Company that number of shares of Stock as indicated below at an exercise price per share equal to that amount as indicated below, which grant shall be subject to all of the terms and conditions of this Option Certificate, which includes the
Terms and Conditions (the “Terms and Conditions”) and any Addendum to the Terms and Conditions established pursuant to Section 18 of the Terms and Conditions (the “Addendum”), as well as the terms and conditions of the Plan.
This grant has been made as of the grant date indicated below, which shall be referred to as the “Grant Date”. This Option is not intended to satisfy the requirements of Section 422 of the Code and thus shall be a Non-ISO as that term
is defined in the Plan. 
  

			
	Grant Number:	  	
		
	Optionee:	  	
		
	Grant Date:	  	
		
	Total Number of Shares of Stock Subject to Option:	  	
		
	Exercise Price Per Share:	  	
		
	Expiration Date:	  	No later than the ten (10) year anniversary of Grant Date, as provided in Section 2(b) of the Terms and Conditions.
		
	Vesting Schedule:	  	Except as otherwise provided in the Terms and Conditions, Optionee’s right to exercise this Option shall vest, on a cumulative basis, over a four-year period and as follows: (1) 25% of the shares of Stock subject to this
Option shall vest on the one-year anniversary of the Grant Date (the “Vesting Commencement Date”), and (2) the remaining 75% of such shares of Stock shall vest over a three-year period thereafter in 12 as nearly equal as possible quarterly
installments, beginning three months after the Vesting Commencement Date.

 TERMS AND CONDITIONS 

1. Plan. This Option grant is subject to these Terms and Conditions and the Plan. If a determination is made that any provision of
these Terms and Conditions is inconsistent with the Plan, the Plan shall control. All of the capitalized terms used in these Terms and Conditions not otherwise defined herein shall have the same meaning as defined in the Plan. A copy of the Plan and
the U.S. prospectus for the Plan have been delivered to Optionee together with this Option Certificate. 
 2. Vesting and Option
Expiration. 
  

	 	(a)	General Rule. Except as otherwise provided under these Terms and Conditions, Optionee’s right under these Terms and Conditions to exercise this Option shall vest, on a cumulative basis, over a four
(4) year period, as described in more detail in the foregoing Vesting Schedule. 

  

	 	(b)	Option Expiration Rules. 

  

	 	(1)	Non-Vested Shares of Stock. If Optionee’s service as a director of the Company terminates for any reason whatsoever, including by reason of Optionee’s death or Disability, while there are any non-vested
shares of Stock subject to this Option under Section 2(a), this Option immediately upon such termination of 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 of Stock. Optionee’s right to exercise the vested portion of this Option shall expire no later than the ten (10) year anniversary of the Grant Date. However, if Optionee’s employment
or service relationship with the Company terminates before the ten (10) year anniversary of the Grant Date, Optionee’s right to exercise the vested portion of this Option shall expire and shall have no further force or effect and shall be
null and void: 

  

	 	(A)	on the date Optionee’s employment or service relationship terminates if Optionee’s employment or service relationship terminates due to actions constituting Cause or Adverse Action, 

 

	 	(B)	on the one (1) year anniversary of the date Optionee’s employment or service relationship terminates as a result of Optionee’s death or Disability, or 

  
 -2- 

	 	(C)	at the end of the three (3) month period which starts on the date Optionee’s employment or service relationship terminates if Optionee’s employment or service relationship terminates other than
(1) due to actions constituting Cause or Adverse Action or (2) as a result of Optionee’s death or Disability. 

  

	 	(c)	Special Rules. 

  

	 	(1)	Sale of Business Unit. The Committee, in connection with the sale of any Affiliate that employs the Optionee, 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 Section 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 ten (10) year 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 Section 12 of the Plan with respect to such Change in Control. 

 

	 	(3)	Affiliates. For purposes of these Terms and Conditions, any reference to the Company shall include any Affiliate that employs the Optionee, and a transfer of Optionee’s employment or service relationship
between the Company and any Affiliate of the Company or between any Affiliates of the Company shall not be treated as a termination of employment or service relationship under the Plan or these Terms and Conditions. 

 

	 	(4)	Termination of Employment or Service Relationship. For purposes of these Terms and Conditions: 

  

	 	(A)	if Optionee’s employment with the Company terminates while a portion of the Option is unvested but Optionee at such time then becomes an independent consultant to the Company, Optionee shall continue to vest in the
unvested portion of the Option pursuant to Section 2(a) so long as Optionee continues to provide services to the Company and such change in status does not constitute a “separation from service” under Section 409A of the Code;

  
 -3- 

	 	(B)	if Optionee’s employment with the Company terminates but Optionee at such time then becomes an independent consultant to the Company, the termination of Optionee’s employment shall not result in the expiration
of the Option under Section 2(b)(1) or 2(b)(2); provided, Optionee’s right to exercise the vested portion of the Option shall expire no later than the ten (10) year anniversary of the Grant Date; and 

 

	 	(C)	Except in instances where Optionee becomes an independent consultant to the Company as provided in clauses (A) and (B) above, Optionee’s employment termination date shall mean the last day that Optionee
actively performs services in an employer-employee relationship for the Company, without regard to the reason for Optionee’s cessation of service and without regard to any advance notice period as may be otherwise provided under local law.

  

	 	(5)	 Effect of Actions Constituting Cause or Adverse Action. If Optionee is determined by the Committee, acting in its sole discretion, to have
taken any action that would constitute Cause or an Adverse Action during or within one (1) year after the termination of Optionee’s employment or other service with the Company, irrespective of whether such action or the Committee’s
determination occurs before or after termination of Optionee’s employment or other service with the Company and irrespective of whether or not Optionee was terminated as a result of such Cause or Adverse Action, (i) all rights of Optionee
under the Plan and these Terms and Conditions, whether vested or unvested, shall terminate and be forfeited without notice of any kind, and (ii) the Committee in its sole discretion shall have the authority to rescind the exercise, vesting or
issuance of, or payment in respect of, this Option and to require Optionee to pay to the Company, within ten (10) days of receipt from the Company of notice of such rescission, any amount received or the amount of any gain realized as a result
of such rescinded exercise, vesting, issuance or payment (including any dividends paid or other distributions made with respect to any shares subject to this Option). The Company may defer the exercise of this Option for a period of up to six
(6) months after receipt of Optionee’s written notice of exercise 

  
 -4- 

	 	
or the issuance of share certificates upon the exercise of this Option for a period of up to six (6) months after the date of such exercise in order for the Committee to make any
determination as to the existence of Cause or an Adverse Action. This Section 2(c)(5) shall not apply following a Change in Control. 

  

	 	(6)	Clawback Policy. This Option and the shares of Stock issuable pursuant to this Option are subject to forfeiture or clawback by the Company to the extent required and allowed by law, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010 and the Sarbanes Oxley Act of 2002 and any implementing rules and regulations promulgated thereunder, and pursuant to any forfeiture, clawback or similar policy of the Company, as such laws, rules,
regulations and policy may be in effect from time to time. 

  

	 	(7)	Fractional Shares of Stock. 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, Optionee’s 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. 

  

	 	(8)	EU Age Discrimination Rules. If Optionee is a local national of and is employed in a country that is a member of the European Union, the grant of the Option and these Terms and Conditions governing the Option are
intended to comply with the age discrimination provisions of the EU Equal Treatment Framework Directive, as implemented into local law (the “Age Discrimination Rules”). To the extent that a court or tribunal of competent jurisdiction
determines that any provision of these Terms and Conditions is invalid or unenforceable, in whole or in part, under the Age Discrimination Rules, the Company, in its sole discretion, shall have the power and authority to revise or strike such
provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law. 

  
 -5- 

 3. Method of Exercise of Option. 

 

	 	(a)	General Rule. Optionee may exercise this Option in whole or in part (to the extent this Option is otherwise exercisable under Section 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 Exercise Price shall be paid at exercise 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, (i) by a “net exercise” of the Option (as further described below); (ii) through cashless exercise procedure which is effected by an unrelated broker through a
sale of Stock in the open market; or (iii) by a combination of such methods. In the case of a “net exercise” of this Option, Optionee shall receive the number of shares of Stock underlying this Option (or portion thereof so exercised)
reduced by the number of shares of Stock equal to the aggregate Exercise Price of the Option (or portion thereof so exercised) divided by the Fair Market Value on the date of exercise (the “Reduced Shares of Stock”). In the event of a
“net exercise” of this Option, this Option (or portion thereof so exercised) to purchase the Reduced Shares of Stock shall be cancelled in exchange for the right to receive an amount (the “Redemption Amount”) equal to the Fair
Market Value of the Reduced Shares of Stock on the date of exercise. The Redemption Amount shall automatically be applied by the Company to satisfy the amount Optionee is required to pay to exercise the Option (or portion thereof so exercised).
Thereafter, Optionee shall receive the number of shares of Stock remaining after such Reduced Shares of Stock have been cancelled. Shares of Stock shall no longer be outstanding under this Option (and shall thereafter not be exercisable) following
the exercise of this Option (or portion thereof so exercised) to the extent of (i) shares cancelled to pay the Exercise Price of this Option under the “net exercise,” (ii) shares actually delivered to Optionee as a result of such
exercise and (iii) any shares withheld for purposes of tax withholding. 

  

	 	(b)	Except as otherwise provided in these Terms and Conditions, if Optionee resides in a country (or is employed in a country, if different) where the local foreign exchange rules and regulations either preclude the
remittance of currency out of the country for purposes of paying the Exercise Price, or requires the Company and/or Optionee to secure any legal or regulatory approvals, complete any legal or regulatory filings, or undertake any additional steps for
remitting currency out of the country, the Company may restrict the method of exercise to a form of cashless exercise or such other form(s) of exercise (as it determines in its sole discretion). 

  
 -6- 

	 	(c)	As a condition of the grant of this Option, Optionee agrees to repatriate all payments attributable to the Option in accordance with local foreign exchange rules and regulations in Optionee’s country of residence
(and country of employment, if different). In addition, Optionee agrees to take any and all actions, and consents to any and all actions taken by the Company and its Affiliates, as may be required to allow the Company and its Affiliates to comply
with local laws, rules and regulations in Optionee’s country of residence (and country of employment, if different). Finally, Optionee agrees to take any and all actions that may be required to comply with his or her personal legal and tax
obligations under local laws, rules and regulations in Optionee’s country of residence (and country of employment, if different). 

4. Income Tax and Social Insurance Contributions Withholding. 

 

	 	(a)	Regardless of any action the Company takes with respect to any or all income tax (including U.S. federal, state and local taxes and/or non-U.S. taxes), social insurance, payroll tax, payment on account or other
tax-related withholding (“Tax-Related Items”), Optionee acknowledges that the ultimate liability for all Tax-Related Items legally due by Optionee is and remains Optionee’s responsibility and that the Company: (i) makes no
representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including the grant of the Option, the vesting of the Option, and the exercise of the Option; and (ii) does not commit
to structure the terms of the Option or any aspect of the Option to reduce or eliminate Optionee’s liability for Tax-Related Items. If Optionee becomes subject to taxation in more than one country between the Grant Date and the date of any
relevant taxable or tax withholding event, as applicable, Optionee acknowledges that the Company may be required to withhold or account for Tax-Related Items in more than one country. 

 

	 	(b)	 Prior to the delivery of shares of Stock upon the exercise of the Option, if Optionee’s country of residence (and the country of employment, if
different) requires withholding of Tax-Related Items, the Company: (i) shall withhold a sufficient number of whole shares of Stock otherwise issuable upon the exercise of the Option that have an aggregate Fair Market Value sufficient to pay the
minimum Tax-Related Items required to be withheld (in which case, the cash equivalent of such withheld shares of Stock shall be used to settle the withholding obligation); or (ii) shall withhold an amount from Optionee’s regular salary
and/or wages, or from any other amounts 

  
 -7- 

	 	
payable to Optionee. In cases where shares of Stock are withheld and the Fair Market Value of the number of whole shares of Stock withheld is greater than the minimum Tax-Related Items required
to be withheld, the Company shall make a cash payment to Optionee equal to the difference as soon as administratively practicable. In the event the withholding requirements are not satisfied through the withholding of shares of Stock or through
Optionee’s regular salary and/or wages or other amounts payable to Optionee, no shares of Stock will be issued to Optionee unless and until satisfactory arrangements (as determined by the Committee) have been made by Optionee with respect to
the payment of any Tax-Related Items which the Company determines, in its sole discretion, must be withheld or collected with respect to the Option. By accepting the grant of the Option, Optionee expressly consents to the withholding of shares of
Stock and/or the withholding of amounts from Optionee’s regular salary and/or wages, or other amounts payable to Optionee, as provided for hereunder. All other Tax-Related Items related to the Option and any shares of Stock acquired pursuant to
the exercise of the Option is Optionee’s sole responsibility. 

 5. Delivery and Other Laws. The Company shall
deliver appropriate and proper evidence of ownership of any shares of Stock purchased pursuant to the exercise of this Option as soon as practicable after such exercise to the extent such delivery is then permissible under applicable law, rule or
regulation, and such delivery shall discharge the Company of all of its duties and responsibilities with respect to this Option. 
 6.
Non-Transferable. The Option may not be assigned, transferred, pledged or hypothecated in any manner other than (a) by will or the laws of descent or distribution or (b) to a “family member” as provided in
Section 14.2 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 these Terms and Conditions. 

7. No Right to Continue Employment or 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. 

8. Shareholder Status. Optionee shall have no rights as a shareholder of the Company 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 shares
of Stock except as expressly set forth in the Plan. 

  
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 9. Venue. In accepting this Option grant, Optionee is deemed to submit to the exclusive
jurisdiction and venue of the federal or state courts of the State of Minnesota of the United States of America to resolve any and all issues that may arise out of or related to this Option and these Terms and Conditions. 

10. Binding Effect. These Terms and Conditions shall be binding upon the Company and Optionee and their respective heirs, executors,
administrators and successors. 
 11. Headings and Sections. The headings contained in these Terms and Conditions are for reference
purposes only and shall not affect in any way the meaning or interpretation of these Terms and Conditions. All references to sections in these Terms and Conditions shall be to sections of these Terms and Conditions unless otherwise expressly stated
as part of such reference. 
 12. Nature of the Grant. In accepting this Option grant, Optionee acknowledges that: 

 

	 	(a)	the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company in its sole discretion at any time, unless otherwise provided in
the Plan or these Terms and Conditions; 

  

	 	(b)	the grant of this Option is voluntary and occasional and does not create any contractual or other right to receive future Option grants, or benefits in lieu of Option grants, even if Option grants have been granted
repeatedly in the past; 

  

	 	(c)	all decisions with respect to future Option grants, if any, will be at the sole discretion of the Company; 

  

	 	(d)	Optionee is voluntarily participating in the Plan; 

  

	 	(e)	the Option grant is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments,
bonuses, long-service awards, pension or retirement benefits or similar payments and in no event shall be considered as compensation for, or relating in any way to, past services for the Company; 

 

	 	(f)	in the event that Optionee is not an employee of the Company, the Option will not be interpreted to form an employment contract or relationship with the Company; 

  
 -9- 

	 	(g)	the future value of the underlying shares of Stock is unknown and cannot be predicted with certainty and if Optionee vests in the Option grant, exercises this Option in accordance with the terms of these Terms and
Conditions and is issued shares of Stock, the value of those shares may increase or decrease; 

  

	 	(h)	in consideration of the grant of this Option, no claim or entitlement to compensation or damages shall arise from termination of this Option or diminution in value of this Option or shares of Stock acquired upon
exercise of this Option resulting from termination of Optionee’s employment or service by the Company (for any reason whatsoever and whether or not in breach of local labor laws) and Optionee irrevocably releases the Company and its Affiliates
from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by acceptance of these Terms and Conditions, Optionee shall be deemed irrevocably to have
waived his or her entitlement to pursue such claim; 

  

	 	(i)	the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Optionee’s participation in the Plan, or Optionee’s purchase or sale of the underlying
shares of Stock; and 

  

	 	(j)	Optionee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan or this Option.

 13. Non-Negotiable Terms. The provisions of these Terms and Conditions are not negotiable, but Optionee may refuse
to accept this Option by notifying immediately in writing the Company’s Vice President, Chief Legal Officer and Secretary or the Company’s Global Vice President, Human Resources. 

14. Data Privacy Consent. Pursuant to applicable personal data protection laws, the Company hereby notifies Optionee of the following
in relation to Optionee’s personal data and the collection, processing and transfer of such data in relation to the Company’s grant of the Option and Optionee’s participation in the Plan. The collection, processing and transfer of
Optionee’s personal data is necessary for the Company’s administration of the Plan and Optionee’s participation in the Plan. Optionee’s denial and/or objection to the collection, processing and transfer of personal data may
affect Optionee’s participation in the Plan. As such, Optionee voluntarily acknowledges and consents (where required under applicable law) to the collection, use, processing and transfer of personal data as described herein. 

The Company holds certain personal information about Optionee, including Optionee’s name, home address and telephone number, date of
birth, social security number or other employee identification number, salary, nationality, job title, any shares 

  
 -10- 

 
of Stock or directorships held in the Company, details of all equity awards or any other entitlement to shares of Stock awarded, canceled, purchased, vested, unvested or outstanding in
Optionee’s favor, for the purpose of managing and administering the Plan (“Data”). The Data may be provided by Optionee or collected, where lawful, from third parties, and the Company will process the Data for the exclusive purpose of
implementing, administering and managing Optionee’s participation in the Plan. The Data processing will take place through electronic and non-electronic means according to logics and procedures strictly correlated to the purposes for which Data
are collected and with confidentiality and security provisions as set forth by applicable laws and regulations in Optionee’s country of residence (and country of employment, if different). Data processing operations will be performed minimizing
the use of personal and identification data when such operations are unnecessary for the processing purposes sought. Data will be accessible within the Company’s organization only by those persons requiring access for purposes of the
implementation, administration and operation of the Plan and for Optionee’s participation in the Plan. 
 The Company will transfer
Data as necessary for the purpose of implementation, administration and management of Optionee’s participation in the Plan, and the Company may further transfer Data to any third parties assisting the Company in the implementation,
administration and management of the Plan. These recipients may be located in the European Economic Area, or elsewhere throughout the world, such as the United States. Optionee hereby authorizes (where required under applicable law) them to receive,
possess, use, retain and transfer the Data, in electronic or other form, for purposes of implementing, administering and managing Optionee’s participation in the Plan, including any requisite transfer of such Data as may be required for the
administration of the Plan and/or the subsequent holding of shares of Stock on Optionee’s behalf to a broker or other third party with whom Optionee may elect to deposit any shares of Stock acquired pursuant to the Plan. 

Optionee may, at any time, exercise his or her rights provided under applicable personal data protection laws, which may include the right to
(a) obtain confirmation as to the existence of the Data, (b) verify the content, origin and accuracy of the Data, (c) request the integration, update, amendment, deletion, or blockage (for breach of applicable laws) of the Data, and
(d) to oppose, for legal reasons, the collection, processing or transfer of the Data which is not necessary or required for the implementation, administration and/or operation of the Plan and Optionee’s participation in the Plan. Optionee
may seek to exercise these rights by contacting Optionee’s local HR manager or the Company’s Human Resources Department. 
 15.
Private Placement. If Optionee is resident and/or employed outside of the United States, the grant of the Option is not intended to be a public offering of securities in Optionee’s country of residence (and country of employment, if
different). The Company has not submitted any registration statement, prospectus or other filing with the local securities authorities (unless otherwise required under local law), and the Option is not subject to the supervision of the local
securities authorities. No employee of the Company is permitted to advise Optionee on whether Optionee should  

  
 -11- 

 
purchase shares of Stock under the Plan. Investment in shares of Stock involves a degree of risk. Before deciding to purchase shares of Stock pursuant to the Option, Optionee should carefully
consider all risk factors relevant to the acquisition of shares of Stock under the Plan and should carefully review all of the materials related to the Option and the Plan. In addition, Optionee should consult with his or her personal investment
advisor for professional investment advice. 
 16. Electronic Delivery. The Company may, in its sole discretion, decide to
deliver any documents related to the Option granted to Optionee under the Plan by electronic means. Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic
system established and maintained by the Company or a third party designated by the Company. 
 17. English Language. If Optionee is
resident and/or employed outside of the United States, Optionee acknowledges and agrees that it is Optionee’s express intent that these Terms and Conditions, the Plan and all other documents, notices and legal proceedings entered into, given or
instituted pursuant to the Option, be drawn up in English. If Optionee has received these Terms and Conditions, the Plan or any other documents related to the Option translated into a language other than English, and if the meaning of the translated
version is different from the English version, the meaning of the English version shall control. 
 18. Addendum. Notwithstanding any
provisions of these Terms and Conditions to the contrary, the Option shall be subject to any special terms and conditions for Optionee’s country of residence (and country of employment, if different), as are set forth in the applicable Addendum
to these Terms and Conditions. Further, if Optionee transfers residence and/or employment to another country reflected in an Addendum to these Terms and Conditions, the special terms and conditions for such country will apply to Optionee to the
extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations or to facilitate the operation and administration of the
Option and the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate Optionee’s transfer). Any applicable Addendum shall constitute part of these Terms and Conditions. 

  
 -12- 

 19. Additional Requirements. The Company reserves the right to impose other requirements
on the Option, any payment made pursuant to the Option, and Optionee’s participation in the Plan, to the extent the Company determines, in its sole discretion, that such other requirements are necessary or advisable in order to comply with
local laws, rules and regulations or to facilitate the operation and administration of the Option and the Plan. Such requirements may include (but are not limited to) requiring Optionee to sign any agreements or undertakings that may be necessary to
accomplish the foregoing. 
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 -13- 

 TORNIER N.V. 2010 INCENTIVE PLAN 

ADDENDUM TO 
 THE TERMS
AND CONDITIONS 
 In addition to the provisions of the Tornier N.V. 2010 Incentive Plan, as such plan may be amended from time to time (the
“Plan”), and the Option Certificate (the “Option Certificate”), the Option is subject to the following additional terms and conditions as set forth in this addendum to the Terms and Conditions to the extent Optionee resides
and/or is employed in one of the countries addressed herein (the “Addendum”). All defined terms as contained in this Addendum shall have the same meaning as set forth in the Plan and the Option Certificate. To the extent Optionee transfers
residence and/or employment to another country, the special terms and conditions for such country as reflected in this Addendum (if any) will apply to Optionee to the extent the Company determines, in its sole discretion, that the application of
such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Option and the Plan (or the Company may establish alternative terms and
conditions as may be necessary or advisable to accommodate Optionee’s transfer). 
 AUSTRALIA 

1. Option Conditioned on Satisfaction of Regulatory Obligations. If Optionee is (a) a director of an Affiliate incorporated in
Australia, or (b) a person who is a management-level executive of an Affiliate incorporated in Australia and who also is a director of an Affiliate incorporated outside of the Australia, the grant of the Option is conditioned upon satisfaction
of the shareholder approval provisions of section 200B of the Corporations Act 2001 (Cth) in Australia. 
 2. Exercise of Option
Rights. Notwithstanding anything in the Option Certificate to the contrary, the vested portion of the Option may not be exercised by Optionee unless and until such time as the Fair Market Value of the underlying shares of Stock on the date of
exercise equals or exceeds the Option Exercise Price for such shares. 

  
 -14- 

 BELGIUM 
  

									
	Name:	 	  
	 		 	Number of Shares:	 	  

					
	Grant Date:	 	  
	 		 	Exercise Price:	 	  

 1. Acceptance of Option. In order for the Option to be subject to taxation at the time of grant, the
Optionee must affirmatively accept the in writing within 60 days of the Grant Date specified above by signing below and returning this original executed Addendum to: 

Kevin M. Klemz, Senior Vice President, Chief Legal Officer and Secretary 

Tornier, Inc. 
 10801 Nesbitt Avenue 

Bloomington, MN 55437 
 E-mail: Kevin.klemz@tornier.com 

The Optionee hereby accepts the Option granted by the Company on the Grant Date. The Optionee acknowledges that he or she has been encouraged to discuss the
acceptance of the Option and the applicable tax treatment with a financial and/or tax advisor, and that the Holder’s decision to accept the Options is made in full knowledge. 

 

					
	Optionee Signature:	  	  
	 	
			
	Optionee Printed Name:	  	  
	 	
			
	Date of Acceptance:	  	  
	 	

 If the Optionee fails to affirmatively accept the Option in writing within 60 days of the Grant Date, the Option will not be
subject to taxation at the time of grant but instead will be subject to taxation on the date the Optionee exercises the Option (or such other treatment as may apply under Belgian tax law at the time of exercise). 

2. Payment of Exercise Price Limited to Cash Payment. Notwithstanding anything to the contrary in the Terms and Conditions or the Plan,
the Optionee shall be permitted to pay the Exercise Price only by means of a cash payment (and the net exercise method shall not be permitted). 

3. Undertaking for Qualifying Option. If the Optionee is accepting the Option in writing within 60 days of the Grant Date and wishes to
have the Option subject to a lower valuation for Belgium tax purposes pursuant to the article 43, §6 of the Belgian law of 26 March 1999, the Optionee may agree and undertake to (a) not exercise the Option before the end of the third
calendar year following the calendar year in which the Grant Date falls, and (b) not transfer the Option under any circumstances (except upon on rights the Optionee’s heir might have in the Option upon the Optionee’s death). If the
Optionee wishes to make this undertaking, the Optionee must sign below and return this executed Addendum to the address listed above. 
  

					
	Optionee Signature:	  	  
	 	
			
	Optionee Printed Name:	  	  
	 	

  
 -15- 

 CANADA 

1. No Exercise by Using Previously Owned Shares. Notwithstanding any provision in the Terms and Conditions or the Plan to the contrary,
if the Optionee is resident in Canada, the Optionee may not pay the Exercise Price by tendering shares of Stock already owned by the Optionee. 

  
 -16- 

 FRANCE 

1. English Language. Optionee acknowledges and agrees that it is Optionee’s express intent that the Terms and Conditions, the Plan
and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Option, be drawn up in English. If Optionee has received the Terms and Conditions, the Plan or any other documents related to the Option
translated into a language other than English, and if the meaning of the translated version is different than the English version, the English version will control. 

Langue Anglaise. Le Bénéficiaire reconnaît et accepte que c’est son intention expresse que les Termes et Conditions, le Plan et tous
autres documents exécutés, avis donnés et procédures judiciaires intentées dans le cadre de à l’Option soient rédigés en anglais. Si le Bénéficiaire a reçu les Termes
et Conditions, le Plan ou tous autres documents relatifs à l’Option dans une autre langue que l’anglais et si le sens de la version traduite est différent de la version anglaise, la version anglaise prévaudra. 

BY SIGNING BELOW, OPTIONEE ACKNOWLEDGES, UNDERSTANDS AND AGREES TO THE PROVISIONS OF THE TERMS AND CONDITIONS, THE PLAN AND THIS ADDENDUM. 

 

	
	  

	Signature
	
	  

	Printed Name
	
	  

	Date

 IMPORTANT NOTE: THIS ADDENDUM MUST BE SIGNED AND RETURNED TO THE LOCAL HR DEPARTMENT OF TORNIER-FRANCE AS SOON AS REASONABLY
POSSIBLE BUT NO LATER THAN 10 DAYS AFTER THE GRANT DATE. 

  
 -17- 

 ITALY 

1. Mandatory Cashless Exercise. Notwithstanding anything in Section 3(a) of the Terms and Conditions to the contrary, Optionee may
exercise the Option only by means of a cashless “sell-all” exercise unless the amendments to the Italian Financial Services Act, which became effective 13 November 2012, permit the acquisition of shares of Stock pursuant to the
exercise of the Option without the involvement of an authorized financial intermediary in Italy (in which case, the Optionee may utilize any method of exercise permitted under the Terms and Conditions). Under a cashless “sell all”
exercise, all of the shares of Stock issuable upon exercise of the Option will be sold and the sales proceeds (net from the payment of the Exercise Price and any taxes and social insurance contributions that are required to be withheld pursuant to
Section 4 of the Terms and Conditions) will be paid to Optionee in cash. 

  
 -18- 

 NETHERLANDS 

1. Waiver of Termination Rights. As a condition to the grant of the Option, Optionee hereby waives any and all rights to compensation or
damages as a result of the termination of Optionee’s employment with the Company or any reason whatsoever, insofar as those rights result or may result from (a) the loss or diminution in value of such rights or entitlements under the Plan,
or (b) Optionee ceasing to have rights under, or ceasing to be entitled to any awards under the Plan as a result of such termination. 

  
 -19- 

 SPAIN 

1. Termination for Cause. Notwithstanding anything to the contrary in the Plan or the Terms and Conditions, “Cause” shall be
defined in the Plan, irrespective of whether the termination is or is not considered a fair termination (i.e., “despido procedente”) under Spanish legislation. 

2. Optionee Labor Acknowledgement. The following provision supplements Section 13 of the Terms and Conditions: 

In accepting the Option, Optionee acknowledges that he or she consents to participation in the Plan and has received a copy of the Plan.
Further, Optionee understands and agrees that, as a condition of the grant of Option, Optionee’s termination of employment for any reason (including for the reasons listed below) will automatically result in the cancellation and loss of any
Option that may have been granted to Optionee and that were not fully vested on the date of termination. In particular, Optionee understands and agrees that the Option will be cancelled without entitlement to exercise for the acquisition of shares
of Stock or to any amount as indemnification if Optionee terminates employment by reason of, including, but not limited to: resignation, death, disability, retirement, disciplinary dismissal adjudged to be with Cause, disciplinary dismissal adjudged
or recognized to be without Cause, individual or collective layoff on objective grounds, whether adjudged to be with Cause or adjudged or recognized to be without Cause, material modification of the terms of employment under Article 41 of the
Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Company, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, Optionee understands that
the Company has unilaterally, gratuitously and in its sole discretion decided to grant Option under the Plan to individuals who may be Optionees of the Company or an Affiliate throughout the world. The decision is a limited decision that is entered
into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or an Affiliate on an ongoing basis. Consequently, Optionee understands that the Option are granted on the assumption and condition
that the Option and the shares of Stock issued upon exercise of the Option shall not become a part of any employment contract (either with the Company or an Affiliate) and shall not be considered a mandatory benefit, salary for any purposes
(including severance compensation) or any other right whatsoever. In addition, Optionee understands that the grant of the Option would not be made to Optionee but for the assumptions and conditions referred to above; thus, Optionee acknowledges and
freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Option shall be null and void. 

  
 -20- 

 SWEDEN 

1. Exercise by Cash Payment Only. Notwithstanding anything in Section 3(a) of the Terms and Conditions to the contrary, if Optionee
is a local national of Sweden, Optionee may not exercise the Option by tendering existing shares of Stock previously owned to pay the Exercise Price and instead, Optionee may exercise the Option only by means of a cash payment or such other methods
as may be permitted under the Plan and allowed under local law. 
 2. Withholding of Tax-Related Items from Cash Payments.
Notwithstanding anything in Section 4 of the Terms and Conditions to the contrary, if Optionee is a local national of Sweden, any Tax-Related Items shall be withheld only in cash from Optionee’s regular salary/wages or other amounts
payable to Optionee in cash, or such other withholding methods as may be permitted under the Plan and allowed under local law. 

  
 -21- 

 UNITED KINGDOM 

1. Income Tax and Social Insurance Contribution Withholding. The following provisions shall replace Section 4 of the Terms and
Conditions: 
 (a) Regardless of any action the Company takes with respect to any or all income tax, primary and secondary Class 1 National
Insurance contributions, payroll tax or other tax-related withholding attributable to or payable in connection with or pursuant to the grant, vesting or exercise of the Option, or the release or assignment of the Option for consideration, or the
receipt of any other benefit in connection with the Option (“Tax-Related Items”), Optionee acknowledges that the ultimate liability for all Tax-Related Items legally due by Optionee is and remains Optionee’s responsibility and that
the Company: (i) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including the grant of the Option, the vesting of the Option, and the exercise of the
Option; and (ii) does not commit to structure the terms of the Option or any aspect of the Option to reduce or eliminate Optionee’s liability for Tax-Related Items. 

(b) As a condition of settling the Option following the date of exercise, the Company shall be entitled to withhold and Optionee agrees to
pay, or make adequate arrangements satisfactory to the Company to satisfy, all obligations of the Company to account to HM Revenue & Customs (“HMRC”) for any Tax-Related Items. In this regard, Optionee authorizes the Company to
withhold all applicable Tax-Related Items legally payable by Optionee from any wages or other cash compensation paid to Optionee by the Company. Alternatively, or in addition, if permissible under local law, Optionee authorizes the Company, at its
discretion and pursuant to such procedures as it may specify from time to time, to satisfy the obligations with regard to all Tax-Related Items legally payable by Optionee by one or a combination of the following: (i) withholding otherwise
deliverable shares of Stock; (ii) arranging for the sale of shares of Stock otherwise deliverable to Optionee (on Optionee’s behalf and at Optionee’s direction pursuant to this authorization); or (iii) withholding from the
proceeds of the sale of any shares of Stock acquired upon the exercise of the Option. If the obligation for Tax-Related Items is satisfied by withholding a number of whole shares of Stock as described herein, Optionee shall be deemed to have been
issued the full number of whole shares of Stock issued in exercise of the Option, notwithstanding that a number of shares of Stock are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Option. If,
by the date on which the event giving rise to the Tax-Related Items occurs (the “Chargeable Event”), Optionee has relocated to a country other than the United Kingdom, Optionee acknowledges that the Company may be required to withhold or
account for Tax-Related Items in more than one country, including the United Kingdom. Optionee also agrees that the Company may determine the amount of Tax-Related Items to be withheld and accounted for by reference to the maximum applicable rates,
without prejudice to any right which Optionee may have to recover any overpayment from the relevant tax authorities. 

  
 -22- 

 (c) Optionee shall pay to the Company any amount of Tax-Related Items that the Company may be
required to account to HMRC with respect to the Chargeable Event that cannot be satisfied by the means previously described. If payment or withholding is not made within 90 days of the Chargeable Event or such other period as required under U.K. law
(the “Due Date”), Optionee agrees that the amount of any uncollected Tax-Related Items shall (assuming Optionee are not a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and
Exchange Act of 1934, as amended), constitute a loan owed by Optionee to the Company, effective on the Due Date. Optionee agrees that the loan will bear interest at the then-current HMRC Official Rate and it will be immediately due and repayable,
and the Company may recover it at any time thereafter by any of the means referred to above. If any of the foregoing methods of collection are not allowed under applicable laws or if Optionee fails to comply with Optionee’s obligations in
connection with the Tax-Related Items as described in this section, the Company may refuse to deliver any shares of Stock otherwise payable in exercise of the Option. 

2. Exclusion of Claim. Optionee acknowledges and agrees that Optionee will have no entitlement to compensation or damages in
consequence of the termination of Optionee’s employment with the Company for any reason whatsoever and whether or not in breach of contract, insofar as such entitlement arises or may arise from Optionee’s ceasing to have rights under or to
be entitled to exercise the Option as a result of such termination, or from the loss or diminution in value of the Option. Upon the grant of the Option, Optionee shall be deemed to have irrevocably waived any such entitlement. 

  
 -23- 

 *        *
        *        *        * 
  

			
	TORNIER N.V.
		
	By:	 	  

	Name:	 	David H. Mowry
	Title:	 	President and Chief Executive Officer

*        *        *       
 *        * 
 Optionee acknowledges receipt of a copy of the Plan, represents that he or she
is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions hereof and thereof. Optionee has reviewed this Option Certificate and the Plan in their entirety, has had an opportunity to
obtain the advice of counsel and fully understands all provisions of this Option Certificate and the Plan. Optionee also acknowledges receipt of the U.S. prospectus for the Plan. 

 

									
	Dated:	 	  
	 		 	Signed:	 	  

					
		 		 		 	Name:	 	  

					
		 		 		 	Address:	 	  

				
		 		 		 	  

				
		 		 		 	  

  
 -24-

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