SETTLEMENT AGREEMENT AND LIMITED WAIVERSettlement Agreement and Limited Waiver • July 21st, 2008 • American Medical Systems Holdings Inc • Orthopedic, prosthetic & surgical appliances & supplies • Minnesota
This Settlement Agreement and Limited Waiver (“Agreement”), effective as of July 15, 2008, is between American Medical Systems Holdings, Inc., a Delaware corporation, on its behalf and on behalf of all of its Affiliates (as defined in the Change in Control Agreement referenced herein) (collectively, and if the context requires, each individually, referred to herein as the “Company”), Galil Ltd., an Israeli corporation, and its Affiliates, including without limitation, Galil Medical, Inc., a Delaware corporation (collectively, and if the context requires, each individually, referred to herein as “Galil”), and Martin J. Emerson, an individual residing at 4659 Fable Hill Way North, Hugo, Minnesota 55038 (the “Executive”). The Company, Galil and the Executive are each individually referred to herein as a “Party” and collectively as the “Parties.”
