St. Jude Medical, Inc. Non-Qualified Stock Option Agreement for Non-Employee Directors (2006 Stock Plan)

Summary

St. Jude Medical, Inc. grants a non-employee director the option to purchase a specified number of shares of its common stock at a set price, under the company's 2006 Stock Plan. The option becomes fully exercisable on a certain date and must be exercised before the expiration date. The agreement outlines the terms and conditions governing the option grant, including eligibility, purchase price, and other requirements. This grant is formalized by the company and is subject to the rules of the 2006 Stock Plan.

EX-10.21 2 exhibit102112292012.htm NON-QUALIFIED STOCK OPTION AGREEMENT, NON-EMPLOYEE DIRECTORS, 2006 PLAN Exhibit 10.21 12.29.2012

EXHIBIT 10.21

NOTICE OF NON-QUALIFIED STOCK OPTION GRANT

TO NON-EMPLOYEE DIRECTOR

(2006 STOCK PLAN)

This certifies that ________________ has an option to purchase __________________ shares of common stock, par value $.10 per share, of St. Jude Medical, Inc., a Minnesota corporation.

Social Security Number: _______________

Address: ____________________________

Grant Date: __________________________

Purchase Price Per Share: $______________

Expiration Date: ______________________

Exercisable Date: 100% exercisable on ________

This stock option is governed by, and subject in all respects to, the terms and conditions of the Non-Qualified Stock Option Agreement for Non-Employee Directors, a copy of which is attached to and made a part of this document, and the St. Jude Medical, Inc. 2006 Stock Plan, a copy of which is available upon request. This Notice of Non-Qualified Stock Option Grant to Non-Employee Director has been duly executed, by manual or facsimile signature, on behalf of St. Jude Medical, Inc.

ST. JUDE MEDICAL, INC.

By: ________________________________________

Name: ______________________________________

Title: _______________________________________