First Amendment to the 1999 Equity Incentive Plan of Q-Med, Inc.

Summary

Q-Med, Inc. has amended its 1999 Equity Incentive Plan to increase the total number of shares available for distribution under the plan to 2,000,000. This amendment was approved by the company's Board of Directors and shareholders and is effective as of May 22, 2002. All other terms of the original plan remain unchanged.

EX-10.1 4 ex101q053102.txt AMENDMENT NO. 1 FOR 1999 EQUITY INCENTIVE PLAN Exhibit 10.1 FIRST AMENDMENT TO THE 1999 EQUITY INCENTIVE PLAN OF Q-MED, INC. The following is the first amendment to the 1999 Equity Incentive Plan (the "Plan") of Q-Med, Inc. (the "Company"), dated as of May 22, 2002. WHEREAS, the following amendment to the Plan (the "Amendment") is deemed to be in the best interest of the Company; and WHEREAS, the Amendment has been duly approved unanimously by the Board of Directors at a meeting duly held on March 6, 2002 and by the affirmative vote of the holders of the majority of the Company's stock present or represented and entitled to vote at the Annual Meeting of Shareholders held on May 22, 2002; NOW, THEREFORE, in accordance with Section 12 of the Plan, the Plan is hereby amended as follows, effective as of May 22, 2002: The first sentence of Section 4 is hereby amended in its entirety to read as follows: "The total number of shares of stock reserved and available for distribution under the Plan shall be 2,000,000." Except as otherwise amended by this Amendment, the Plan is hereby ratified and approved, and shall continue in full force and effect. IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by its duly authorized officer as of the date first set forth above. Q-MED, INC. By: /s/ Michael W. Cox -------------------------------- Name: Michael W. Cox Title: President and Chief Executive Officer Attest: /s/ Herbert H. Sommer - ---------------------------- Name: Herbert H. Sommer Title: Secretary