AMENDMENT 2008-1 TO THE JOHN B. HENNEMAN, III PERFORMANCE STOCK AGREEMENT DATED AS OF APRIL 2, 2007
Exhibit 10.35(b)
THIS AMENDMENT, dated as of January 2, 2008, between Integra LifeSciences Holdings
Corporation, a Delaware Corporation (the “Company”) and Xxxx X. Xxxxxxxx, III (“Executive”).
RECITALS
WHEREAS, pursuant to a Performance Stock Agreement, dated as of April 2, 2007, (the “Stock
Agreement”) the Company granted to Executive an aggregate of 4,366 shares of common stock of the
Company under the Integra LifeSciences Holdings Corporation 2003 Equity Incentive Plan, subject to
certain performance goals and other restrictions;
WHEREAS, the Company and Executive mutually desire to amend the Stock Agreement to comply with
the requirements of section 409A of the Internal Revenue Code of 1986, as amended and the final
regulations issued thereunder; and
WHEREAS, Section 4.6 of the Stock Agreement provides that the Stock Agreement may be amended
pursuant to a written agreement between the Company and Executive.
NOW, THEREFORE, the Company and Executive hereby agree that, effective January 2, 2008, the
Stock Agreement shall be amended as follows:
1. The first sentence of Section 3.2 of the Stock Agreement is hereby amended in its entirety
to read as follows:
“If the Participant has a Termination of Service on account of a termination by the
Company without Cause, Good Reason, death or Disability prior to the end of the
Performance Period, the Shares represented by the Performance Stock shall be issued
to the Participant (or the Participant’s beneficiary, in the case of death) within
sixty (60) days following the Participant’s Termination of Service.”
2. The first sentence of Section 3.3 of the Stock Agreement is hereby amended in its entirety
to read as follows:
“Except as provided in Section 3.2 above upon an acceleration event, after the end
of the Performance Period, and subject to a determination of the Committee that the
applicable Performance Goals have been met, the Shares represented by the
Performance Stock for which the relevant goals have been attained shall be issued to
the Participant or his legal representative on or after January 1, 2009 but prior to
March 15, 2009. As soon as practicable thereafter or following an acceleration
event described in Section 3.2 of this Award Agreement, the Company shall issue
certificates evidencing the Shares represented by the Performance Stock and
deliver such certificates to the Participant or his legal representative, free from
any restrictions; provided, however, such Shares shall be subject to any such
restrictions and conditions as required pursuant to Section 4.5 of the Award
Agreement and those that the Company imposes on its employees in general with
respect to selling its Shares.”
3. A new Section 4.8 is hereby added to the Stock Agreement to read in its entirety as
follows:
“Section 4.8. Section 409A. This Agreement is intended to comply with the
requirements of section 409A of the Internal Revenue Code of 1986, as amended (the
‘Code’), and specifically, with the short-term deferral exemption of section 409A.
Notwithstanding any provision in the Agreement to the contrary, if a payment is
deemed as deferred compensation subject to the requirements of section 409A of the
Code, such payment may only be made under the Agreement upon an event and in a
manner permitted by section 409A of the Code. If a payment is not made by the
designated payment date under the Agreement, the payment shall be made by December
31 of the calendar year in which the designated date occurs. All payments to be
made upon a Termination of Employment under this Agreement may only be made upon a
‘separation from service’ under section 409A of the Code. In no event may the
Participant, directly or indirectly, designate the calendar year of payment.”
4. In all respects not modified by this Amendment 2008-1, the Stock Agreement is hereby
ratified and confirmed.
IN WITNESS WHEREOF, the Company and Executive agree to the terms of the foregoing Amendment
2008-1, effective as of the date set forth above.
| INTEGRA LIFESCIENCES HOLDINGS CORPORATION |
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| By: | /s/ Xxxxxx X. Xxxxx | |||
| Name: | Xxxxxx X. Xxxxx | |||
| Title: | President and Chief Executive Officer | |||
| EXECUTIVE |
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| /s/ Xxxx X. Xxxxxxxx, III | ||||
| Xxxx X. Xxxxxxxx, III | ||||
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