PALOMAR MEDICAL TECHNOLOGIES, INC.
AMENDED 1995 STOCK OPTION PLAN
Purpose of the Plan
The purpose of this plan is to encourage and enable employees, consultants, directors and others who are in a
position to make significant contributions to the success of PALOMAR MEDICAL TECHNOLOGIES, INC.
and of its affiliated corporations upon whose judgment, initiative, and efforts the Corporation depends for the
successful conduct of its business, to acquire a closer identification of their interests with those of the corporation
by providing them with opportunities to purchase stock in the Corporation pursuant to options granted hereunder,
thereby stimulating their efforts on behalf of the Corporation and strengthening their desire to remain involved with
2.1 "Affiliated Corporation" means any stock corporation of which a majority of the voting common or capital
stock is owned directly or indirectly by the Corporation.
2.2 "Award" means an Option granted under Article V.
2.3 "Board" means the Board of Directors of the Corporation.
2.4 "Code" means the Internal Revenue Code of 1986, as amended form time to time.
2.5 "Committee" means a committee of not less than two members of the Board appointed by the Board to
administer the Plan, each of whom is a "disinterested person" within the meaning of Rule 16b-3 under the
Securities Exchange Act of 1934, or any successor provision. In the event that two "disinterested persons" are
not available to administer the Plan, the Board may appoint to the Committee two members of the Board, either
or both of whom are not "disinterested persons," in which event this Plan shall not qualify under Rule 16b-3, but
this Plan shall be valid and operative in all other respects.
2.6 "Corporation" means PALOMAR MEDICAL TECHNOLOGIES, INC., a Delaware corporation, or its
2.7 "Employee" means any person who is a regular full-time or part-time employee of the Corporation or an
Affiliated Corporation o