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EXHIBIT 10.9

 

EXHIBIT 10.9

I-FLOW CORPORATION

Summary of the

2005 Corporate Officer Incentive Plan

     Eligibility. The President and Chief Executive Officer, Executive Vice President and
Chief Operating Officer, and Chief Financial Officer are eligible to receive cash and equity
bonuses under the plan. All equity awards will be made pursuant to the I-Flow Corporation 2001
Equity Incentive Plan.

     Objectives. The compensation committee determined that it will evaluate the following
criteria to determine whether and to what extent the plan objectives have been achieved: (i) total
sales; (ii) total regional anesthesia sales; (iii) year-end total operating expenses; and (iv)
profitability.

     Administrative. The overall goal achievement percentage is the sum of (i) the
accomplishment percentage of each performance target times (ii) the weighting for each
objective. Thus, if one or more targets is exceeded, it is possible the overall goal achievement
percentage could be greater than 100%. All financial targets are considered to be plus or minus 1%
of the absolute number. In order to provide flexibility to management to operate and grow the
company, awards may be adjusted for any major events during the year; provided that, any adjustment
must be approved by the compensation committee and the board of directors. The allocation of the
aggregate awards among the officers will be determined by the compensation committee and the board
of directors based on their assessment of the contributions of each officer.

     Award Minimums/Maximums. In order to receive an award under the plan, a minimum
aggregate performance level of 85% must be achieved. A performance level of 120% or more is
required to qualify for the maximum award. Achievement of between 85% and 120% of the performance
level targets results in the payment of cash and equity bonuses at levels between the minimum and
maximum awards. The minimum aggregate cash bonus award under the plan is $250,000 and the maximum
aggregate cash bonus award is $1,400,000. The minimum aggregate number of shares of common stock
that may be subject to equity awards hereunder is 150,000 shares and the maximum aggregate number
of shares of common stock that may be subject to equity awards is 900,000 shares. All equity
awards will be in the form of nonqualified stock options or other derivative awards granted
pursuant to the I-Flow Corporation 2001 Equity Incentive Plan.

     Vesting of Equity Awards. If the weighted average percentage of achievement of all of
the objectives is greater than 85% but does not exceed 100%, the options or other derivatives
granted will vest ratably over a period of five years. If the weighted average percentage
achievement of all of the objectives is greater than 100%, the portion of the equity award earned
above 100% will have a three-year cliff vesting provision, and the remaining portion of the equity
award will vest ratably over a period of five years.

     Payment of Awards. After completion of the fiscal year, the compensation committee
will review the plan objectives and results and the recommendations of executive management. The
board of directors will assess the performance of the Chief Executive Officer, the Chief Operating
Officer and the Chief Financial Officer and will, upon recommendation from the compensation
committee, approve the cash bonus awards and equity grants. Earned cash bonus awards are typically
paid each year in February. To be eligible for awards under the plan, all employees must be on the
Company’s payroll through the date of payment of the cash bonus.<PAGE>
                                                                   EXHIBIT 10.10

                                  ADDENDUM TO LEASE AGREEMENT NO. BMA-D-1/99-001

AGREEMENT ENTERED BY AND (SIC) BAJA DEL MAR, S.A. DE C.V. REPRESENTED BY UC.
FRANCISCO RUBIO CARDENAS, IN HIS CAPACITY AS LEGAL REPRESENTATIVE HEREINAFTER
REFERRED TO AS THE "LANDLORD", AND ON THE OTHER HAND BLOCK MEDICAL DE MEXICO,
S.A. DE C.V. REPRESENTED BY MR. PABLO ANGEL QUINTANA, IN HIS CAPACITY AS LEGAL
REPRESENTATIVE HEREINAFTER REFERRED TO AS THE "TENANT"; IN ACCORDANCE WITH THE
FOLLOWING STATEMENTS AND CLAUSES:

                              S T A T E M E N T S:

1. Both parties agree that on November 30, 1999, they entered into a Lease
   Agreement No. BMA-D-1-99-001 on an industrial building identified as D-1,
   with a total area of 25,738 square feet.

2. In this act, both parties agree to modify the contents of this lease in
   reference to Clause Second & Clause Third. Except as set forth below,
   all other provisions of the Lease will continue in full force and
   effect.

                                 C L A U S E S:

1. CLAUSE SECOND "TERM": is hereby modified in this act to aloud (sic) the
   "Tenant" to lease building D-1 starting January 1st, 2005 and ending
   December 31, 2008, with 2 (two) renewal options of 4 (four) years each.

2. CLAUSE THIRD "RENT": is hereby modified to $11,067.34 Dollars (Eleven
   thousand sixty seven dollars and 34/100 USCY) effective as of January 1st,
   2005, payable in Mexican Currency at the exchange rate published by Central
   Bank of Mexico on the payment date of the rent.

   All other Declarations and Clauses of contract No. BMA-D-1-99-001 remain in
   force and in conformity with its terms.

   After reading the contents of this Addendum of Agreement, both parties
   signed in conformity in the presence of witnesses, on December 2nd, 2004,
   Tijuana, Baja California, MX.

   THE "LANDORD"                                                  THE "TENANT"

   BAJA DEL MAR, S.A. DE C.V.            BLOCK MEDICAL DE MEXICO, S.A. DE C.V.

   /s/ Llc. Francisco Rubio Cardenas             /s/ Mr. Pablo Angel Quintana
   ----------------------------------            -----------------------------
   Llc. Francisco Rubio Cardenas                   Mr. Pablo Angel Quintana
   Legal representative                              Legal Representative

                                    GUARANTOR
                               I-FLOW CORPORATION

                            /s/ Mr. James Dal Porto
                            -----------------------
                              Mr. James Dal Porto

   WITNESS                                                             WITNESSexv4w1

 

Exhibit 4.1

	NUMBER ICG SHARES INTERNET CAPITAL GROUP, INC. COMMON STOCK INCORPORATED UNDER THE LAWS OF THE
STATE OF DELAWARE SEE REVERSE FOR CERTAIN DEFINITIONS C U S I P 46059C 20 5 This Certifies that: Is
the owner of: FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, $.001 PAR VALUE PER SHARE, OF
Internet Capital Group, Inc. hereinafter called the “Corporation”, transferable only on the books
of the Corporation by the holder hereof in person, or by his duly authorized attorney, upon the
surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby
are issued and shall be held subject to all of the provisions contained in the Corporation’s
Restated Certificate of Incorporation, as amended (copies of which are on file with the Transfer
Agent), to which the holder by acceptance hereof assents. This Certificate is not valid until
countersigned and registered by the Transfer Agent and Registrar. WlTNESSthe:facsimile seal of the
Corporation and the facsimile signatures of its duly authorized officers. DATED: SECRETARY
CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER Internet Capital Group, Inc. Corporate Seal 1999
Delaware * Countersigned and Registered: Mellon Investor Services LLC Transfer Agent and Registrar
Authorized Signature

 

 

INTERNET CAPITAL GROUP, INC.

     The Corporation shall furnish without charge to each stockholder who so requests
a statement of the powers, designations, preferences and relative, participating, optional, or
other special rights of each class of stock of the Corporation or series thereof and the
qualifications, limitations or restrictions of such preferences and/or rights. Such request shall
be made to the Corporation’s Secretary at the principal office of the Corporation or to the
Transfer Agent and Registrar named on the face of this Certificate.

     The following abbreviations, when used in the inscription on the face of this Certificate,
shall be construed as though they were written out in full according to applicable laws
or regulations:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TEN COM

	 	-
	 	as tenants in common
	 	 
	 	UNIF TRANS MIN ACT-
	 	 	 	Custodian	 	 
	

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	TEN ENT

	 	-
	 	as tenants by the entireties
	 	 	 	 	 	(Cust)
	 	 	 	(Minor)
	JT TEN	 	-	 	as joint tenants with right
of survivorship and not as tenants
in common	 	 	 	under Uniform Transfers to Minors Act	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	(State)
	 	 	 	 

Additional abbreviations may also be used though not in the above list.

     FOR VALUE RECEIVED                                                              
                                                                        
        hereby sell, assign and transfer unto

	 	 	 	 	 	 	 
	 	PLEASE INSERT SOCIAL SECURITY OR OTHER
	 	 	 	 	 
	 	IDENTIFYING NUMBER OF ASSIGNEE
	 	 	 	 	 
	 	 

	 	 	 	 	 
	 	

	 	 	 	 	 
	 	 	 	 	 
	 	

	 	 	 	 	 
	 	 	 	 	 
	 	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE)

	 	

	 	 	 	 	 
	 	 	 	 	 
	 	

	 	 	 	 	 
	 	 	 	 	 
	 	

	 	 	 	 	 
	 	 	 	 	 
	 	shares of the common stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint
	 	

	 	 	 	Attorney	 
	 	 	 	 	 	 	 
	 	to transfer the said stock on the books of the within named Corporation with full
power of substitution in the premises.

	 	 	 	 	 	 	 	 	 
	Dated

	 	 	 	 	 	X	 	 
	

	 	

	 	 
	 	 	 	

	 
	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	X	 	 
	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	NOTICE The signature(s) to this
assignment must correspond with the name(s)
as written upon the face of the Certificate
in every particular, without alteration
or enlargement or any change whatever.
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

	 	 	 	 	 
	SIGNATURE(S) GUARANTEED:
	 	 	 	 
	

	 	

	 	 
	

	 	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS,
AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.	 	 
	 
	 	 	 	 
	 
	 	 	 	 

KEEP THIS CERTIFICATE IN A
SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE
CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT
CERTIFICATE.

This certificate also evidences and entitles the holder hereof to certain Rights as set forth in
the Rights Agreement between Internet Capital Group, Inc. (the “Company”) and Mellon Investor
Services LLC (the “Rights Agent”), dated as of November 22, 2000 (the “Rights Agreement”), the
terms of which are hereby incorporated herein by reference and a copy of which is on file at the
principal offices of the Company. Under certain circumstances, as set forth in the Rights
Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced
by this certificate. The Company will mail to the holder of this certificate a copy of the Rights
Agreement, as in effect on the date of mailing, without charge promptly after receipt of a written
request therefor. Under certain circumstances set forth in the Rights Agreement, Rights issued to,
or held by, any Person who is, was or becomes an Acquiring Person or any Affiliate or Associate
thereof (as such terms are defined in the Rights Agreement), whether currently held by or
on behalf of such Person or by any subsequent holder, may become null and void.

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