NATUS MEDICAL INCORPORATED Amendment to
Exhibit 10.1
NATUS MEDICAL INCORPORATED
Amendment to
Employment Agreement
WHEREAS, on [date], Natus Medical Incorporated (the Company) and [Executive] entered into an Employment Agreement (the Agreement); and
WHEREAS, the Board of Directors of Natus Medical Incorporated has approved amending the Agreement to extend the vesting acceleration afforded stock options under the Agreement to other forms of equity award as well.
NOW THEREFORE IT IS AGREED BETWEEN THE PARTIES, that subpart (ii) of Section 7(a) of the Agreement that details [Executive]s benefits for termination other than for Cause (as defined in the Agreement) is hereby amended in its entirety to read as follows:
(ii) the immediate vesting and exercisability (if the shares are not already outstanding) of 100% of the shares subject to all of Executives stock awards covering shares of Company Common Stock (whether currently outstanding or granted following the Effective Date) outstanding on the date such release of claims becomes effective (the Stock Awards) and
IT IS FURTHER AGREED BETWEEN THE PARTIES, that Stock Options in subpart (i) of Section 7(b) of the Agreement is hereby replaced with Stock Awards so that it now reads:
(i) all vesting of Stock Awards will immediately cease
This Amendment is entered into as of .
NATUS MEDICAL INCORPORATED
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