ESC Medical Systems Ltd. Stock Option Grant Letter to Arie Genger (February 22, 2001)

Summary

ESC Medical Systems Ltd. is granting Arie Genger stock options for 300,000 shares at an exercise price of $10.90 per share. The options vest immediately and are subject to the terms of the company's 2000 Stock Option Plan, pending approval at the upcoming annual shareholders' meeting. The grant is also contingent on the completion of the Coherent transaction. This award recognizes Mr. Genger's contributions as a special advisor to the company.

EX-10.18 14 d50193_ex10-18.txt ESC STOCK OPTION PLAN Exhibit 10.18 [ESC MEDICAL SYSTEMS LTD. LETTERHEAD February 22, 2001 To: Arie Genger From: Yacha Sutton Subject: ESC Stock Option Plan Dear Arie, I am extremely pleased to inform you that the company has decided to grant you stock options of 300,000 shares of ESC Medical Systems. The options will have an immediate vesting period and will be exercisable in pursuance to the terms and conditions of the 2000 Stock Option Plan which will be approved in the upcoming annual shareholder's meeting, at an exercise price of $10.90. The options are granted in connection with and subject to the completion of the Coherent transaction. This stock option plan was developed by the Board to enable you to participate in the continued success of the company and in appreciation for your personal contribution to this success, as a special advisor to the company. I wish all of us continued growth and success. Best Regards, Yacha Sutton President and Chief Executive Officer