Exhibit 10.18
PLC SYSTEMS INC.
2000 EQUITY INCENTIVE PLAN
1. PURPOSE
The purpose of this 2000 Equity Incentive Plan (the "Plan") of PLC Systems Inc., a Yukon Territory corporation
(the "Company"), is to advance the interests of the Company's stockholders by enhancing the Company's ability
to attract, retain and motivate persons who make (or are expected to make) important contributions to the
Company by providing such persons with equity ownership opportunities and performance-based incentives and
thereby better aligning the interests of such persons with those of the Company's stockholders. Except where the
context otherwise requires, the term "Company" shall include any of the Company 's present or future subsidiary
corporations as defined in
Section 424(f) of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder
(the "Code").
2. ELIGIBILITY
All of the Company's employees, officers, directors, consultants and advisors (and any individuals who have
accepted an offer for employment) are eligible to be granted options, restricted stock awards, or other stock-
based awards (each, an "Award") under the Plan. Each person who has been granted an Award under the Plan
shall be deemed a "Participant".
3. ADMINISTRATION, DELEGATION
(a) ADMINISTRATION BY BOARD OF DIRECTORS. The Plan will be administered by the Board of
Directors of the Company (the "Board"). The Board shall have authority to grant Awards and to adopt, amend
and repeal such administrative rules, guidelines and practices relating to the Plan as it shall deem advisable. The
Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in
the manner and to the extent it shall deem expedient to carry the Plan into effect and it shall be the sole and final
judge of such expediency. All decisions by the Board shall be made in the Board's sole discretion and shall be
final and binding on all persons having or claiming any interest in the Plan or in any