EX-10.2 JOB OFFER SUMMARY

EX-10.2 3 g97784exv10w2.txt EX-10.2 JOB OFFER SUMMARY EXHIBIT 10.2 CONFIDENTIAL JOB OFFER SUMMARY FOR JOHN R. TREACE Job Title: Executive Vice President, U.S. Sales Reports To: F. Barry Bays, President and Chief Executive Officer Department: Sales Status Full-time, exempt with applicable benefits Compensation: $9,583.33 semi-monthly, gross pay Executive Eligible for up to 200% of your base compensation based on Incentive Plan the performance criteria of the 2005 Executive Incentive Compensation (Bonus) Plan. Stock Options: Subject to approval by the Compensation Committee, you will be granted options to purchase 60,000 shares of Wright Medical Group, Inc. common stock under the Company's 1999 Equity Incentive Plan (the "Stock Option Plan"). These options will be granted when the Compensation Committee or Board officially takes action to approve the grant and the option price exercise price will be the average of the high and the low price of the Company's stock on the trading day immediately preceding the date of grant. Subject to approval by the Compensation Committee, the vesting schedule defined under the Stock Option Agreement will be 100% of the total option grant at the conclusion of twelve (12) months of employment. This grant will be subject to the terms and conditions of the Stock Option Plan and a Stock Option Agreement. Starting Date: Monday, October 17, 2005 Required to Sign: WMT Confidentiality and Inventions Agreement I-9 Information: Provide a state-issued driver's license; and original social security card or birth certificate; or other approved document. Temporary Living: WMT will provide appropriate housing in the form of a corporate apartment or long term hotel accommodations while residing in Memphis during this full time period. IF THE TERMS AND CONDITIONS WE HAVE SPECIFIED ARE ACCEPTABLE TO YOU, PLEASE COUNTERSIGN THIS AGREEMENT AND RETURN A COPY TO ME. AGREED: /s/ John R. Treace DATE: 10/17/05 ------------------------