Exhibit 10.15
AMERICAN MEDICAL SYSTEMS HOLDINGS, INC.
2007 NAMED EXECUTIVE OFFICER COMPENSATION SUMMARY
2007 Base Salary and Option Grants . For fiscal 2007, the company’s principal executive officer, principal
financial officer and each other named executive officer will receive the base salary set forth below (effective as of
February 1, 2007), and has been granted an option to purchase the number of shares of company common stock
set forth below. All options were granted under the company’s 2005 Stock Incentive Plan at an exercise price of
$20.39 (equal to the “fair market value” of a share of common stock on the grant date), vest over a period of
four years and have a term of seven years.
2007 Executive Variable Incentive Plan . Our executive officers participate in our 2007 Executive Variable
Incentive Plan. The Compensation Committee (and the Board of Directors with respect to executive officers)
established a target bonus for each participant in the plan. The plan provides for payment of a bonus based on
achievement of net sales, net income and free cash flow objectives in the 2007 operating plan approved by the
Board. The total bonus is weighted 50 percent for achieving the net sales objective, 30 percent for achieving the
net income objective and 20 percent for achieving the free cash flow objective. The plan provides for payment
beginning at 25 percent of target bonus for achieving 90 percent of the net sales and net income objectives, and
bonuses for achieving these objectives are paid quarterly. The plan provides for payment beginning at 50 percent
of target bonus for achieving 70 percent of the free cash flow objective, and the bonus for achieving this objective
is paid annually. The bonus payable under the plan increases with percentage achievement relative to the
objectives, and 100 percent of the target bonus is paid at 100 percent achievement of the plan objectives. The
maximum bonus payable under the plan is 200 percent of the target bonus at 115 percent achievement o