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Incentive Stock Option Agreement

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Title:

Incentive Stock Option Agreement

Entities:

Enpath Medical Inc.

Date:

2005

Size:

9KB total

Price:

$37

ID:

#884599

► Miscellany ► Option ► Stock ► Incentive Stock Option Agreements
► Healthcare ► Medical Equipment & Supplies

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ENPATH MEDICAL, INC.

INCENTIVE STOCK OPTION AGREEMENT

THIS AGREEMENT is by and between Enpath Medical, Inc. (Company) and (Optionee).

RECITALS:

The Companys 1999 Incentive Stock Option Plan (Plan), as amended through October 23, 2003, was created for the purpose of encouraging ownership of shares of the Common Stock of the Company (Common Shares) by key employees. The option is intended to qualify as an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended.

NOW, THEREFORE, in consideration of the promises and covenants contained herein, Company and Optionee hereby agree as follows:

1. OPTION. Company grants to Optionee on (Date of Grant) the option (Option) to purchase an aggregate of of the Common Shares (Shares) of the Company upon the terms and conditions set forth herein and in the Plan.

2. OPTION PRICE. Subject to any adjustments pursuant to the provisions of Section 7, the purchase price of the Shares subject to the Option (Option Price) is per share, which represents the fair market value on the Date of Grant.

3. TIME OF EXERCISE. This Option will be exercisable, in accordance with the vesting schedule set forth in Section 4, any time prior to (Exercise Period) unless terminated prior thereto pursuant to the provisions of Section 6. The Option will become void and expire as to all unexercised Shares at 12:00 a.m. (midnight, Central Standard Time) at the end of the Exercise Period.

4. VESTING OF OPTIONS. This Option is 0% vested as of the Date of Grant and will vest in amounts of one-fifth of the shares on and on each of the succeeding one-year anniversaries thereafter, until 100% vested. In the event the Company or the stockholders of the Company enter into an agreement to dispose of all or substantially all of the assets or stock of the Company by means of a sale, merger, reorganization, liquidation or otherwise, the Option shall become immediately exercisable with respect to the full number of Shares.

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