NON-QUALIFIED STOCK OPTION AGREEMENT
FOR SENIOR EXECUTIVES
INVERNESS MEDICAL INNOVATIONS, INC.
2001 STOCK OPTION AND INCENTIVE PLAN
Pursuant to the Inverness Medical Innovations, Inc. 2001 Stock Option and Incentive Plan (the “Plan”)
as amended through the date hereof, Inverness Medical Innovations, Inc. (the “Company”) hereby grants to the
Optionee named above an option (the “Stock Option”) to purchase, on or prior to the Expiration Date specified
above, all or part of the number of Option Shares of Common Stock, par value $0.001 per share (the “Stock”)
of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and
conditions set forth herein and in the Plan.
1. Exercisability Schedule . No portion of this Stock Option may be exercised until such portion
shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as
defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall
become exercisable with respect to the following number of Option Shares on the dates indicated, so long as the
Optionee remains in employment with the Company on the Exercisability Date:
Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the
close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
2. Manner of Exercise .
(a) The Optionee may exercise this Option only in the following manner: from time to time
on or prior to the Expiration Date of this Option, the Optionee may give written notice to the Administrator of his
or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice
shall specify the number of Option Shares to be purchased.