PHOTOMEDEX, INC. NONQUALIFIED STOCK OPTION AGREEMENT
EXHIBIT 10.55
PHOTOMEDEX, INC.
THIS AGREEMENT is made as of February 28, 2013 (the “Grant Date), by and between PhotoMedex, Inc., a Nevada corporation (the "Company"), and Xxxxxx XxXxxxx ("Optionee"), the President and Chief Financial Officer of the Company.
R E C I T A L
The Board of Directors of the Company (the "Board of Directors") has authorized the granting, out of and subject to the Company’s 2005 Equity Compensation Plan (the “Plan”), to Optionee as an executive officer of the Company of a non-qualified stock option to purchase the number of shares of Common Stock of the Company specified in Section 1 hereof, at the price specified therein, such option to be for the term and upon the terms and conditions hereinafter stated.
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more corporations as a result of which the Company is not the surviving corporation, or the sale of substantially all the assets of the Company or of more than 50% of the then outstanding stock of the Company to another corporation or other entity, the Option granted hereunder shall terminate; provided, however, that in its sole and absolute discretion, the surviving corporation may, but shall not be so obligated to, tender to any Optionee, an option to purchase shares of the surviving corporation, and such new option or options shall contain such terms and provisions as shall be required substantially to preserve the rights and benefits of this Option.
13. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania.
14. Counterparts. This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other.
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("Company")
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PHOTOMEDEX, INC.
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By: /s/ Dolev Rafaeli
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Dolev Rafaeli
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Chief Executive Officer
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("Optionee")
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By: /s/ Xxxxxx XxXxxxx
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Xxxxxx XxXxxxx
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Address:
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Fax No:
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SSN: xxx-xx-xxxx
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In ratification of the above Agreement
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/s/ Xxxx Xxx-Xxxx
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Xxxx Xxx-Xxxx
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Vice Chairman of the Board
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