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EXHIBIT 10.31
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:
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John J.
Millerick
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Chief Financial
Officer and Treasurer
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Analogic
Corporation
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8 Centennial
Drive
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Peabody, MA
01960
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ANALOGIC
CORPORATION
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By:
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John J.
Millerick
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Senior Vice
President and
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Chief Financial
Officer
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NON-COMPETITION AGREEMENT
The undersigned,
NAME , an employee of Analogic Corporation, a United
States corporation with its p
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