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NOTIFICATION OF STOCK GRANT

NonCompetition Agreement

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This NonCompetition Agreement involves

ANALOGIC CORP

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Title: NOTIFICATION OF STOCK GRANT
Governing Law: Massachusetts     Date: 2/1/2005
Industry: Scientific and Technical Instr.     Sector: Technology

NOTIFICATION OF STOCK GRANT, Parties: analogic corp
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EXHIBIT 10.31

 

 

 

Date :

 

 

 

 

 

To:

 

 

 

 

 

From :

 

John J. Millerick

 

 

 

 

NOTIFICATION OF STOCK GRANT

You are hereby notified that on ___ the Board of Directors of Analogic Corporation voted to grant to you Amount Shares Common Stock of the Corporation under the Key Employee Stock Bonus Plan dated October 12, 2000 (the “Plan”), as amended.

In accordance with the terms of this Plan, you are requested to sign the attached Non-Competition Agreement, following which stock certificates representing the shares of this Grant will be executed in your name. These certificates will be held in escrow by the Company until such time as restrictions upon your disposition of these shares shall lapse. The restrictions, as to the first 25% of these shares, shall lapse on ___. For each of the three (3) years then following ___ the restrictions upon disposition of 25% of such shares shall lapse. At the time that the restrictions upon your disposition of shares shall lapse, under present Internal Revenue Regulations, certain federal and state income taxes will be due.

Attached hereto is the Plan Prospectus (with the Plan itself attached as Exhibit A). The Plan sets forth the terms and conditions of this Grant. By signing this document, the recipient agrees to accept the Grant of the above mentioned shares of Analogic Common Stock in accordance with all terms and conditions of the Plan.

 


 

Page 2

Please sign each Notification of Stock Grant and the Non-Competition Agreement, keep one copy of the signed Notification of Stock Grant for your files, and return both a signed Notification of Stock Grant and the Non-Competition Agreement to:

 

 

 

 

 

John J. Millerick

 

 

Chief Financial Officer and Treasurer

 

 

Analogic Corporation

 

 

8 Centennial Drive

 

 

Peabody, MA 01960

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANALOGIC CORPORATION

 

 

 

 

 

 

 

 

 

Name:

 

 

 

 

 

By:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

John J. Millerick

 

 

 

 

 

 

 

 

Senior Vice President and

 

 

 

 

 

 

 

 

Chief Financial Officer

 


 

NON-COMPETITION AGREEMENT

The undersigned, NAME , an employee of Analogic Corporation, a United States corporation with its p


 
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