VNUS MEDICAL TECHNOLOGIES,
INC.
AMENDED AND RESTATED 2000 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT AWARD GRANT
NOTICE AND
RESTRICTED STOCK UNIT AWARD AGREEMENT
VNUS Medical
Technologies, Inc. (the “ Company ”),
pursuant to the VNUS Medical Technologies, Inc. Amended and
Restated 2000 Equity Incentive Plan (the “ Plan
”), hereby grants to the holder listed below (“
Holder ”), the number of Restricted Stock Units
set forth below (the “ Restricted Stock Units
”). The Restricted Stock Units are subject to all of the
terms and conditions as set forth herein and in the Restricted
Stock Unit Award Agreement attached hereto as Exhibit A
(the “ Restricted Stock Unit Agreement ”)
and the Plan, each of which are incorporated herein by reference.
Unless otherwise defined herein, the terms defined in the Plan
shall have the same defined meanings in this Grant Notice and the
Restricted Stock Unit Agreement.
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The Restricted
Stock Units shall vest in a series of ___ installments upon your
completion of each ___of continuous service to the Company as a
Service Provider over the ___-year period measured from the Grant
Date. In no event shall any additional Restricted Stock Units vest
following the date you cease to remain a Service Provider for any
reason.
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The Restricted
Stock Units shall be distributable in accordance with
Section 2.3 of the Restricted Stock Unit Agreement.
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By his or her
signature below, Holder agrees to be bound by the terms and
conditions of the Plan, the Restricted Stock Unit Agreement and
this Grant Notice. Holder has reviewed the Restricted Stock Unit
Agreement, the Plan and this Grant Notice in their entirety, has
had an opportunity to obtain the advice of counsel prior to
executing this Grant Notice and fully understands all provisions of
this Grant Notice, the Restricted Stock Unit Agreement and the
Plan. Holder hereby agrees to accept as binding, conclusive and
final all decisions or interpretations of the Administrator of the
Plan upon any questions arising under the Plan, this Grant Notice
or the Restricted Stock Unit Agreement.
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VNUS MEDICAL
TECHNOLOGIES, INC.
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HOLDER:
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By:
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Print
Name:
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Address:
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2200 Zanker
Road, Suite F
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San Jose,
California 95131
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TO RESTRICTED STOCK UNIT AWARD
GRANT NOTICE
RESTRICTED STOCK UNIT AWARD
AGREEMENT
Pursuant to the
Restricted Stock Unit Award Grant Notice (“ Grant
Notice ”) to which this Restricted Stock Unit Award
Agreement (this “ Agreement ”) is
attached, VNUS Medical Technologies, Inc. (the “
Company ”) has granted to Holder the number of
Restricted Stock Units under the VNUS Medical Technologies, Inc.
Amended and Restated 2000 Equity Incentive Plan (the “
Plan ”) indicated in the Grant
Notice.
1.1 Defined
Terms . Capitalized terms not specifically defined herein shall
have the meanings specified in the Plan and the Grant
Notice.
1.2
Incorporation of Terms of Plan . The Restricted Stock Units
and the shares of Common Stock issuable with respect thereto are
subject to the terms and conditions of the Plan, which are
incorporated herein by reference.
GRANT, VESTING AND DISTRIBUTION
OF RESTRICTED STOCK UNITS
2.1 Grant of
Restricted Stock Units . In consideration of Holder’s
past and/or continued employment with or service to the Company or
its Subsidiaries and for other good and valuable consideration,
effective as of the Grant Date set forth in the Grant Notice (the
“Grant Date”), the Company irrevocably grants to Holder
an award of the number of Restricted Stock Units indicated in the
Grant Notice, subject to all of the terms and conditions in the
Plan and this Agreement. A Restricted Stock Unit shall represent
the right to receive a share of Common Stock at the time the
Restricted Stock Unit is available for distribution on a deferred
basis in accordance with the terms and conditions of the Plan and
this Agreement.
2.2 Vesting of
Restricted Stock Units . The Restricted Stock Units shall vest
in accordance with the vesting schedule set forth in the Grant
Notice. Unless and until the Restricted Stock Units have vested in
accordance with the vesting schedule set forth in the Grant Notice,
Holder will have no right to any distribution with respect to such
Restricted Stock Units. In the event Holder’s continuous
status as a Service Provider terminates prior to the vesting of all
of the Restricted Stock Units, any Restricted Stock Units which
remain unvested at such time will terminate automatically and be
forfeited without further notice and at no cost to the
Company.
2.3
Distribution of Common Stock .
(a) Subject
to the terms and conditions of the Plan and this Agreement, the
shares of Common Stock underlying the Restricted Stock Units shall
be distributed to Holder (or in the event of Holder’s death,
to his or her estate) on or before the thirtieth day following the
date such Restricted Stock Units vest (each vesting occurrence, a
“ Distribution Event ”).
(b) All
distributions shall be made by the Company in the form of whole
shares of Common Stock (and cash in an amount equal to the value of
any fractional Restricted Stock Unit, determined based on the Fair
Market Value as of the distribution date).
(c) Notwithstanding
the foregoing, shares of Common Stock shall be issuable pursuant to
a Restricted Stock Unit at such times and upon such events as are
specified in this Agreement only to the extent issuance under such
terms will not cause the Restricted Stock Units or the shares of
Common Stock issuable pursuant to the Restricted Stock Units to be
includible in the gross income of Holder under Section 409A of
the Code prior to such times or the occurrence of such events, as
permitted by the Code and the regulations and other guidance
thereunder.
2.4
Restrictions on Transfer . Unless otherwise permitted by the
Administrator pursuant to the Plan, no Restricted Stock Units or
shares of Common Stock issuable with respect thereto or any
interest or right therein or part thereof shall be liable for the
debts, contracts or engagements of Holder or his or her successors
in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any
other means whether such disposition be voluntary or involuntary or
by operation of law by judgment, levy, attachment, garnishment or
any other legal or equitable proceedings (including bankruptcy),
and any attempted disposition thereof shall be null and void and of
no effect.
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