SEC Contract Filing

Filing Date: 2020-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>elgx-ex1032017inducementst.htm
<DESCRIPTION>INDUCEMENT STOCK INCENTIVE PLAN
<TEXT>
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 <title>Exhibit</title>
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<div><a name="sb8c29c9b4a244d58b8d706c079e0894c"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">ENDOLOGIX, INC.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">2017 Inducement Stock Incentive Plan</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:12px;">1.</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Establishment, Purpose and Term of Plan</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Establishment</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:11pt;">The Endologix, Inc. 2017 Inducement Stock Incentive Plan (the </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:11pt;">&#8221;), originally approved by the Board, including the Independent Board, on October 27, 2017, and effective as of that time (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:11pt;">&#8221;), is hereby amended and restated effective as of September 10, 2019.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:60px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:36px;"><font style="font-family:inherit;font-size:11pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Purpose</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:11pt;">The purpose of the Plan is to advance the interests of the Company, its Affiliated Companies and its stockholders by providing an incentive to attract new employees who will be performing services for the Company and its Affiliated Companies and by motivating such persons to contribute to the growth and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">profitability</font><font style="font-family:inherit;font-size:11pt;">&#32;of the Company and Its Affiliated Companies. The Plan seeks to achieve this purpose by providing for Awards in the form of Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Shares, and Performance Units. Each Award under the Plan is intended to qualify as an employment inducement award under NASDAQ Listing Rule 5635(c)(4) (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Inducement Listing Rule</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:60px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:36px;"><font style="font-family:inherit;font-size:11pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Term of Plan</font><font style="font-family:inherit;font-size:11pt;">. The Plan shall continue in effect until its termination by the Committee; </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11pt;">, </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11pt;">, that all Awards shall be granted, if at all, on or before ten (10) years from the Effective Date.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify