<SEC-DOCUMENT>0001174947-15-000277.txt : 20150225
<SEC-HEADER>0001174947-15-000277.hdr.sgml : 20150225
<ACCEPTANCE-DATETIME>20150225164734
ACCESSION NUMBER:		0001174947-15-000277
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150224
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150225
DATE AS OF CHANGE:		20150225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONMED CORP
		CENTRAL INDEX KEY:			0000816956
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				160977505
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16093
		FILM NUMBER:		15648516

	BUSINESS ADDRESS:	
		STREET 1:		525 FRENCH ROAD
		CITY:			UTICA
		STATE:			NY
		ZIP:			13502
		BUSINESS PHONE:		315-624-3215

	MAIL ADDRESS:	
		STREET 1:		525 FRENCH ROAD
		CITY:			UTICA
		STATE:			NY
		ZIP:			13502
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k-13230_cnmd.htm
<DESCRIPTION>8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><BR>
<BR>
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934<BR>
<BR>
Date of Report (Date of earliest event reported): February 24, 2015 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CONMED
CORPORATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.25pt solid"><B>New York</B></P></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.25pt solid"><B>0-16093</B></P></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.25pt solid"><B>16-0977505</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -5.4pt; padding-bottom: 0.1in; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(State or other Jurisdiction of Incorporation)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 0.1in; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 0.1in; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><B>525 French Road</B></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.25pt solid"><B>Utica,
        New York</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.25pt solid"><B>13502</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 0.1in; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 0.1in; padding-left: 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Registrant&rsquo;s telephone number,
including area code: <B>(315) 797-8375</B><BR>
<BR>
(Former name or former address if changed since last report.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="width: 94%; padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="padding: 1.45pt 5.75pt 5.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 3.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0"><B>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">(e)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">The Compensation Committee of the Board
of Directors (the &ldquo;Committee&rdquo;) of CONMED Corporation (the &ldquo;Company&rdquo;) has granted, and the Board of Directors
has approved, effective February 24, 2014, an award of performance share units (&ldquo;PSUs&rdquo;) to Curt R. Hartman, the Company&rsquo;s
Chief Executive Officer, under the Company&rsquo;s Amended and Restated Long-Term Incentive Plan (the &ldquo;Plan&rdquo;). The
PSU grant was initially contemplated by Mr. Hartman&rsquo;s offer letter with the Company dated November 9, 2014 (as previously
disclosed on the Form 8-K filed November 10, 2014) and deferred as previously disclosed on the Form 8-K filed December 12, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">Mr. Hartman&rsquo;s award provides for
a target number of 100,000 PSUs, with the actual number of PSUs earned ranging from 0% to a maximum of 200% of target. PSUs will
be earned based on the Company&rsquo;s total shareholder return relative to the S&amp;P 1500 Health Care Equipment Select Index
over the performance period of January 1, 2015 to December 31, 2019. PSUs may be earned in three tranches, subject in each case
to Mr. Hartman&rsquo;s continued employment through the applicable vesting date. The number of target PSUs eligible to be earned
and vest on the applicable vesting dates, in each case subject to adjustment from 0% to 200% based on the Company&rsquo;s performance
as of the vesting date, are: (1) 20,000 PSUs (at target) on December 31, 2017, (2) 20,000 PSUs (at target) on December 31, 2018
and (3) 100,000 PSUs (at target) on December 31, 2019, less the number of PSUs paid out based on actual performance in respect
of earlier vesting dates. Earned and vested PSUs will be payable no later than 15 days following the date or dates on which the
Committee certifies achievement of the applicable performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">In the event of a &ldquo;change in control&rdquo;
of the Company (as defined in the award agreement), outstanding unvested PSUs will be deemed to be earned based on the level of
performance actually achieved through the date of the change in control, subject to downward adjustment based on the date upon
which the change in control occurs and the Company&rsquo;s stock price at the change in control date. Earned PSUs will not automatically
vest on a change in control, but will remain outstanding and continue to vest, subject to Mr. Hartman&rsquo;s continued employment,
upon the vesting dates described above, or earlier upon a termination of Mr. Hartman&rsquo;s employment by the Company other than
for &ldquo;cause&rdquo; or by Mr. Hartman for &ldquo;good reason&rdquo; (each as defined in the award agreement) within two years
following the change in control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">In the event of Mr. Hartman&rsquo;s disability
(as defined in the award agreement) or death during the performance period, unvested PSUs will immediately become vested on a pro
rata basis measured based on the number of months completed from January 1, 2015 until the effective date of such termination,
relative to 60 months, with the number of such vested PSUs deemed to be earned based on the level of performance actually achieved
through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">The above description is qualified in
its entirety by reference to the terms of the Plan and the form of award agreement attached hereto as Exhibit 10.1, which are incorporated
into this Item 5.02 by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in"><B>Item 8.01</B> </TD>
    <TD><B>Other Events</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="margin: 0">On February 25, 2015, CONMED Corporation announced it will be paying a quarterly cash dividend of $0.20
per share on April 6, 2015 to all shareholders of record as of  March 16, 2015.<FONT STYLE="font: 10pt Times New Roman, Times, Serif"> </FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in"><B>Item 9.01 </B></TD>
    <TD><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">(d)</TD>
    <TD><U>Exhibits</U></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt; text-decoration: underline"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0; font-size: 10pt; text-decoration: underline"><FONT STYLE="font-size: 10pt"><B><U>Description of Exhibit</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 76.5pt; font-size: 10pt; text-indent: -76.5pt"><FONT STYLE="font-size: 10pt">Form of Award Agreement, by and between CONMED Corporation and Curt R. Hartman.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 76.5pt; text-indent: -76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">CONMED CORPORATION</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">(Registrant)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="width: 3in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel S. Jonas</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Daniel S. Jonas, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President &ndash; Legal Affairs &amp; <BR>
General Counsel</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">Date: February 24, 2015</P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-size: 10pt"><B><U>Description of Exhibit</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Form of Award Agreement, by and between CONMED Corporation and Curt R. Hartman.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 76.5pt; text-indent: -76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">CONMED CORPORATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">AMENDED AND RESTATED LONG-TERM INCENTIVE
PLAN<BR>
<BR>
PERFORMANCE SHARE UNIT AGREEMENT<BR>
<BR>
</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">AGREEMENT (this &ldquo;Agreement&rdquo;),
dated as of February 24, 2015, between CONMED Corporation (the &ldquo;Company&rdquo;) and the employee (as herein defined) of the
Company named on Schedule I (the &ldquo;Employee&rdquo;). Capitalized terms not defined herein shall have the meanings ascribed
to them in the Company&rsquo;s Amended and Restated Long-Term Incentive Plan (the &ldquo;Plan&rdquo;).</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">The parties hereto agree as follows:</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Grant of Performance Share Unit</U>.
In accordance with the Plan, there is hereby granted on the date hereof to the Employee performance share units (each, a &ldquo;Unit&rdquo;)
in respect of the number of shares of the Company&rsquo;s Common Stock set forth on Schedule I hereto under the terms and conditions
set forth in this Agreement and the Plan, including Schedule I. A Unit constitutes an unfunded and unsecured promise of the Company
to deliver (or cause to be delivered) to the Employee, subject to the terms and conditions of this Agreement, including the performance
and vesting conditions set forth in Schedule I, a share of the Company&rsquo;s Common Stock, or, at the option of the Company cash
equal to the Fair Market Value thereof, on the Vesting Date (as defined below). Until such delivery, the Employee has only the
rights of a general unsecured creditor, and no rights as a shareholder, of the Company.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Vesting and Delivery</U>.
Except as to accelerated vesting for death and disability and as otherwise required as specified in Sections 3 and 4, the Units
shall be earned and vest based on achievement of the performance goals for the applicable period (the &ldquo;Performance Period&rdquo;)
as set forth on Schedule I, and shall be payable on or no later than 15 days following the date or dates on which the Committee
certifies achievement of the applicable performance goals through the dates set forth on Schedule&nbsp;I (each, a &ldquo;Vesting
Date&rdquo;), subject in each case to the Employee&rsquo;s continuous employment with the Company through such Vesting Date (and
in no event later than March 15 of the year following the year in which such Vesting Date occurs).</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of Employment</U>.
Except as provided in Section 4, upon the termination of the Employee&rsquo;s employment with the Company and its subsidiaries
for any reason other than death or disability, the Employee&rsquo;s rights in respect of any Units that are not vested shall immediately
terminate and such unvested Units shall cease to be outstanding and no shares of the Company&rsquo;s Common Stock or cash will
be delivered in respect of such unvested Units. In the event that employment with the Company is terminated as a result of the
Employee&rsquo;s death or disability (as determined under the applicable Company long-term disability plan as may be in effect
from time to time), unvested Units will immediately become vested on a pro rata basis measured based on the number of months completed
from the beginning of the Performance Period set forth on Schedule I until the effective date of such termination, relative to
sixty (60) months, with the number of such vested Units deemed to be earned based on the level of performance actually achieved
through the date of such termination as set forth on Schedule&nbsp;I ), and shall be payable as soon as practicable, but no later
than 15 days, following the date on which the Committee certifies achievement of the applicable performance goals through the termination
date (and in no event later than March 15 of the year following the year in which such employment termination occurs).</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control</U>. Notwithstanding anything in the Plan to the contrary, the unvested Units will not automatically vest (and will
not automatically be paid out) in the event of a Change in Control. Upon a Change in Control, outstanding unvested Units will
be deemed to be earned based on the level of performance actually achieved through the date of the Change in Control, pursuant
to the terms set forth on Schedule&nbsp;I, and will continue to vest, subject to the Employee&rsquo;s continuous employment with
the Company, upon the Vesting Dates as described on Schedule&nbsp;I. </P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt">In the event of a termination of Employee&rsquo;s employment
by the Company other than for Cause, by the Employee for Good Reason or due to the Employee&rsquo;s disability or death, in either
case, within two (2) years following a Change in Control, the number of unvested Change in Control Units (as defined on Schedule&nbsp;I)
will become fully vested, and shall be payable as soon as practicable, but no later than 15 days, following the termination date
(and in no event later than March 15 of the year following the year in which such employment termination occurs).</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">In the event of a Change in Control, the
Compensation Committee may take any such actions as are permitted under the Plan, including, but not limited to, providing that
the Units may be assumed or substituted by the acquiring company (or its parent company); provided that, in the event of a Change
in Control in which shareholders of the Company solely receive cash consideration for their shares of Common Stock and the Units
are assumed or substituted by the acquiring company (or its parent company), then, unless otherwise determined by the Compensation
Committee, the Units will be converted into a right to receive a cash payment equal to the cash consideration per share of Common
Stock paid to the Company&rsquo;s shareholders in the Change in Control transaction. For purposes of this Agreement, the following
terms shall have the meanings set forth below:</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Change in Control</U>&rdquo;
means the occurrence of any one of the following events:</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any &ldquo;person&rdquo;
(as such term is defined in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act)
is or becomes a &ldquo;beneficial owner&rdquo; (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities
of the Company representing 25% or more of the combined voting power of the Company&rsquo;s then outstanding securities eligible
to vote for the election of the Board of Directors (the &ldquo;<U>Company Voting Securities</U>&rdquo;); <U>provided</U>, <U>however</U>,
that the event described in this paragraph (i) shall not be deemed to be a Change in Control by virtue of any of the following
acquisitions: (A) by the Company or any of its subsidiaries, (B) by any employee benefit plan sponsored or maintained by the Company
or any of its subsidiaries, (C) by any underwriter temporarily holding securities pursuant to an offering of such securities, or
(D) pursuant to a Non-Control Transaction (as defined in clause (ii) below); or</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the consummation of a merger,
consolidation, share exchange or similar form of corporate reorganization of the Company (or any such type of transaction involving
the Company or any of its subsidiaries that requires the approval of the Company&rsquo;s stockholders, whether for the transaction
or the issuance of securities in the transaction or otherwise) (a &ldquo;<U>Business Combination</U>&rdquo;), unless immediately
following such Business Combination: (a) more than 60% of the total voting power of the corporation resulting from such Business
Combination (including, without limitation, any corporation which directly or indirectly has beneficial ownership of 100% of the
Company Voting Securities) eligible to elect directors of such corporation is represented by shares that were Company Voting Securities
immediately prior to such Business Combination (either by remaining outstanding or being converted), and such voting power is in
substantially </P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in">the same proportion as the voting power of such Company Voting Securities immediately prior to the Business Combination,
(b) no person (other than any holding company resulting from such Business Combination, any employee benefit plan sponsored or
maintained by the Company (or the corporation resulting from such Business Combination)) immediately following the consummation
of the Business Combination becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the
outstanding voting securities eligible to elect directors of the corporation resulting from such Business Combination, and (c)
at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were Incumbent
Directors at the time of the approval of the execution of the initial agreement providing for such Business Combination (any Business
Combination which satisfies the conditions in clauses (a), (b) and (c) is referred to hereunder as a &ldquo;<U>Non-Control Transaction</U>&rdquo;).
Notwithstanding the foregoing, a Change in Control of the Company shall not be deemed to occur solely because any person acquires
beneficial ownership of more than 25% of the Company Voting Securities as a result of the acquisition of Company Voting Securities
by the Company which reduces the number of Company Voting Securities outstanding; <U>provided</U>, that if after such acquisition
by the Company such person becomes the beneficial owner of additional Company Voting Securities that increases the percentage of
outstanding Company Voting Securities beneficially owned by such person, a Change in Control of the Company shall then occur.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Cause&rdquo; means (i) the
willful and continued failure of Employee to perform substantially his duties with the Company (other than any such failure resulting
from Employee&rsquo;s incapacity due to physical or mental illness or any such failure subsequent to Employee being delivered a
notice of termination without Cause by the Company or delivering a notice of termination for Good Reason to the Company) after
a written demand for substantial performance is delivered to Employee by the Board of Directors of the Company (the &ldquo;Board&rdquo;)
which specifically identifies the manner in which the Board believes that Employee has not substantially performed Employee&rsquo;s
duties, or (ii) the willful engaging by Employee in illegal conduct or gross misconduct which is demonstrably and materially injurious
to the Company or its affiliates. </P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt">For purpose of this paragraph (a), no act or failure to act by Employee shall be considered &ldquo;willful&rdquo;
unless done or omitted to be done by Employee in bad faith and without reasonable belief that Employee&rsquo;s action or omission
was in the best interests of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to
a resolution duly adopted by the Board, based upon the advice of counsel for the Company shall be conclusively presumed to be done,
or omitted to be done, by Employee in good faith and in the best interests of the Company. Cause shall not exist unless and until
the Company has delivered to Employee a copy of a resolution duly adopted by three&minus;quarters (3/4) of the entire Board (excluding
Employee if Employee is a Board member) at a meeting of the Board called and held for such purpose (after reasonable notice to
Employee and an opportunity for Employee, together with counsel, to be heard before the Board), finding that in the good faith
opinion of the Board an event set forth in clauses (i) or (ii) has occurred and specifying the particulars thereof in detail.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;Good Reason&rdquo; means,
without Employee&rsquo;s express written consent, the occurrence of any of the following events after a Change in Control: (i)
(A) any change in the duties or responsibilities (including reporting responsibilities) of Employee that is inconsistent in any
material and adverse respect with Employee&rsquo;s position(s), duties, responsibilities or status with the Company immediately
prior to such Change in Control (including any material and adverse diminution of such duties or responsibilities); </P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt">provided, however,
that Good Reason shall not be deemed to occur upon a change in duties or responsibilities (other than reporting responsibilities)
that is solely and directly a result of the Company no longer being a publicly traded entity and does not involve any other event
set forth in this paragraph (b) or (B) a material and adverse change in Employee&rsquo;s titles or offices with the Company as
in effect immediately prior to such Change in Control; (ii) a material reduction by the Company in Employee&rsquo;s rate of annual
base salary or annual target bonus opportunity (including any material and adverse change in the formula for such annual bonus
target), as in effect immediately prior to such Change in Control or as the same may be increased from time to time thereafter;
(iii) any requirement of the Company that Employee (A) be based anywhere more than fifty (50) miles from the office where Employee
is located at the time of the Change in Control or (B) travel on Company business to an extent substantially greater than the travel
obligations of Employee immediately prior to such Change in Control; or (iv) the failure of the Company to continue in effect any
material employee benefit compensation welfare benefit or fringe benefit plan in which Employee is eligible to participate in immediately
prior to such Change in Control or the taking of any action by the Company which would materially adversely affect Employee&rsquo;s
contribution level or ability to participate in or materially reduce Employee&rsquo;s benefits under any such plan, unless Employee
is permitted to participate in other plans providing Employee with substantially equivalent benefits in the aggregate (at substantially
equivalent Employee contribution levels with respect to welfare benefit plans). An isolated, insubstantial and inadvertent action
taken in good faith and which is remedied by the Company within ten (10) days after receipt of notice thereof given by Employee
shall not constitute Good Reason. Employee&rsquo;s right to terminate employment for Good Reason shall not be affected by Employee&rsquo;s
incapacities due to mental or physical illness and Employee&rsquo;s continued employment shall not constitute consent to, or a
waiver of rights with respect to, any event or condition constituting Good Reason; provided, however, that such event shall not
constitute Good Reason under this Agreement unless (i) Employee provides notice to the Company within the ninety (90) days following
the initial existence of an event constituting Good Reason, (ii) the Company does not remedy such event (if remediation is possible)
within thirty (30) days following the Company&rsquo;s receipt of notice of such event, and (iii) Employee separates from service
with the Company within two (2) years following the initial existence of such an event constituting Good Reason.</P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Dividend Equivalents</U>.
With respect to each Unit, if, prior to the Vesting Date, there occurs a distribution of any regular cash dividend paid by the
Company in respect of the Common Stock the record date for which occurs on or after the Vesting Date, the Employee shall not be
entitled to receive on the Vesting Date an amount in cash or stock equal to such regular dividend payment as would have been made
in respect of the shares of the Company&rsquo;s Common Stock underlying the Unit not yet delivered.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>. The vesting
and payment of the Unit is conditioned on the Employee&rsquo;s payment of the amount of the federal, state and local taxes, if
any, required to be withheld and paid by the Company as a result of such vesting and payment by check or, with the approval of
the Committee, by the Company&rsquo;s retaining the number of shares of Common Stock, the Fair Market Value of which is equal to
the minimum amount required to be withheld, or, at the option of the Company, cash.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authority</U>. The Committee
shall have final authority to interpret and construe this Agreement and to make all determinations thereunder, and its decisions
shall be final, binding and conclusive upon all persons, including the Employee and the Employee&rsquo;s legal representative.</P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>. This Agreement
may not be amended in any manner, except by an instrument in writing signed by the parties hereto.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transferability</U>. The Units
are not assignable or transferable, and no right or interest of the Employee shall be subject to any lien, obligation or liability
of the Employee, except by will or the laws of descent and distribution. Notwithstanding the immediately preceding sentence, the
Committee may, subject to the terms and conditions it may specify, permit the Employee to transfer the Unit to one or more of his
immediate family members (i.e., his spouse and issue, including adopted and step children) or to trusts established in whole or
in part for the benefit of the Employee and/or one or more of such immediate family members. During the lifetime of the Employee,
the Unit shall be payable only by the Employee or by the immediate family member or trust to whom such Unit has been transferred
pursuant to the immediately preceding sentence.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Rights of Employment</U>.
This Agreement shall not be construed as giving the Employee any right to continue in the employ of the Company or any subsidiary
or limit in any way the rights of the Company, or any subsidiary, to terminate employment of the Employee at any time.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire Agreement</U>. The Plan
is incorporated herein by reference. This Agreement, the Plan and such other documents as may be executed in connection with the
payment of the Units constitute the entire agreement and understanding of the parties hereto with respect to the subject matter
hereof and supersede all prior understandings and agreements with respect to such subject matter.</P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing Law</U>. This Agreement
shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice or
conflict of laws provisions hereof.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>. This Agreement
shall be binding upon the Company and the Employee and their respective legal representatives, heirs, beneficiaries, successors
and assigns and upon all other persons claiming under or through any of them.</P>

<P STYLE="font: 10pt/2 Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">The parties hereto have executed this
Performance Share Unit Agreement effective as of the date first set forth above.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt">CONMED CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="width: 0.5in; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="width: 3in; padding-bottom: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt">By:</TD>
    <TD STYLE="padding-bottom: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">Daniel S. Jonas &ndash; Executive Vice President</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: -30pt; padding-bottom: 6pt">Legal Affairs &amp; General Counsel</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3in; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Attest:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Terence Berge - Treasurer, Assistant Corporate</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Controller</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Accepted and Agreed by:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 12pt; padding-bottom: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.5in; padding-right: -5.4pt; padding-bottom: 6pt">By:</TD>
    <TD STYLE="width: 3in; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: -5.4pt; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Curt R. Hartman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: -5.4pt; padding-bottom: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">SCHEDULE I</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">TO<BR>
PERFORMANCE SHARE UNIT AGREEMENT<BR>
with</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Curt R. Hartman<BR>
<BR>
</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Performance Period:</B></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">January 1, 2015 to December 31, 2019</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Number of Units Granted:</B></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">100,000 (the &ldquo;Target Units&rdquo;), up to 200,000 Units at maximum performance as set forth in Performance Measures.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Performance Goal:</B></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Company performance relative to the S&amp;P 1500 Health Care Equipment Select Index (SPSIHE), with the Company&rsquo;s total shareholder return (&ldquo;TSR&rdquo;) determined based on the period from the beginning through the end of the Performance Period (or applicable Vesting Date) using a 30-day trading average stock price prior to the beginning and end of the Performance Period (with dividends assumed to be re-invested at the ex-dividend date).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="5" NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Vesting Dates:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Units will be earned based on the table set forth below, subject to the Employee&rsquo;s continued employment through the following Vesting Dates (subject to Sections 2, 3 and 4 of the Agreement):</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>Tranche</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>Units</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>Vesting Date</U></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">I</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">20,000</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">December 31, 2017</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">II</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">20,000</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">December 31, 2018</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">III</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">100,000*</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">December 31, 2019</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">(*less the number of Units earned at Target from Tranche&nbsp;I and II)</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: left; vertical-align: bottom"><B>Performance Measures:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>Relative Performance</U></TD>
    <TD STYLE="width: 56%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>Percentage of Target Units Earned</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+15.8% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">200%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+11.0% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">150%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+8.2% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">125%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+5.7% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+3.6% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">75%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">+2.0% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">50%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">Below +2.0% above index</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">0%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 25%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Determination of Units<BR>
 Earned:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 75%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">On each of the Tranche I and Tranche II Vesting Dates, the
        number of Target Units in the corresponding Tranche (20,000 Units) will be multiplied by the &ldquo;Percentage of Target Units
        Earned&rdquo; for the actual TSR achieved through the applicable Vesting Date to determine the number of Units earned for such
        Tranche on the Vesting Date.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">On the Tranche III Vesting Date, the number of Target Units
        earned (which may not be less than zero) will be determined as (1) the product of (x) 100% of the Target Units (100,000 Units)
        <I>multiplied by</I> (y) the &ldquo;Percentage of Target Units Earned&rdquo; for the actual TSR achieved through the Tranche III
        Vesting Date, <I>less</I> (2) the number of Units that paid out based on actual performance in respect of each of the Tranche I
        and Tranche II Vesting Dates in accordance with the preceding paragraph.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Determination of Units<BR>
 Earned (Change in <BR>
Control):</B></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Percentage of Units Earned for a Change in <BR>
Control (within the following periods after <BR>
commencement of the Performance Period):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Price at <BR>
Change in <BR>
Control Date</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">0-12<BR>
 months</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">13-24 <BR>
months</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">25-36 <BR>
months</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">37-48 <BR>
months</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">49-60 <BR>
months</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$60 or less</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">20%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">40%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">80%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$60-$80</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">30%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">40%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">80%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$80-$105</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">45%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">50%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">80%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Above $105 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">60%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">80%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 75%; padding-bottom: 6pt; padding-left: 5.4pt">Upon a Change in Control, the number of Units earned (which may not be less than zero) will be determined as (1) the product of (x) 100% of the Target Units (100,000) <I>multiplied by</I> (y) the &ldquo;Percentage of Target Units Earned&rdquo; for the actual TSR achieved through the Change in Control date, <I>multiplied by</I> (z) the &ldquo;Percentage of Units Earned for a Change in Control&rdquo; for both the share price achieved upon the Change in Control date and the date of the Change in Control relative to the commencement of the Performance Period, <I>less</I> (2) the number of Units paid out based on actual performance in respect of each of the Tranche I and Tranche II Vesting Dates in accordance with the preceding section (such Units, the &ldquo;Change in Control Units&rdquo;).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Vesting of Change in<BR>
 Control Units:</B></TD>
    <TD STYLE="width: 75%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">The Change in Control Units as determined above will vest
        as follows (subject to earlier vesting pursuant to Section&nbsp;4 of the Agreement):</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If the Change in Control date occurs prior to the Tranche
        I Vesting Date, then the Change in Control Units will vest (subject to continued employment or earlier termination in accordance
        with Section&nbsp;4 of the Agreement), 20% on each of December 31, 2017 and December 31, 2018 and 60% on December 31, 2019;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If the Change in Control date occurs after the Tranche&nbsp;I
        Vesting Date and prior to the Tranche&nbsp;II Vesting Date, then 25% of the Change in Control Units will vest (subject to continued
        employment or earlier termination in accordance with Section&nbsp;4 of the Agreement) on December 31, 2018 and 75% of the Change
        in Control Units will vest on December 31, 2019; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If the Change in Control date occurs after the Tranche&nbsp;II
        Vesting Date and prior to the Tranche&nbsp;III Vesting Date, then 100% of the Change in Control Units will vest (subject to continued
        employment or earlier termination in accordance with Section&nbsp;4 of the Agreement) on December 31, 2019.</P>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><B>Determination of Units<BR>
 Earned (Termination for <BR>
Death or Disability/Non-<BR>
Change in Control):</B></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 5.4pt; text-indent: 0; padding-right: 5.4pt">Upon a termination of employment due to disability or death, in each case prior to (or more than two (2) years after) a Change in Control, the number of Units earned (which may not be less than zero) will be determined as (1) the product of (x) 100% of the Target Units (100,000) <I>multiplied by </I>(y) the &ldquo;Percentage of Target Units Earned&rdquo; for the actual TSR achieved through the date of such termination, <I>less</I> (2) the number of Units paid out based on actual performance in respect of each of the Tranche I and Tranche II Vesting Dates in accordance with the terms described above (prorated as set forth in Section&nbsp;3 of the Agreement).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">In each of the foregoing cases, the percentage of Target Units
earned will be interpolated (on a straight-line basis) for achievement of relative performance between the results in the table
above. Notwithstanding anything to the contrary, the maximum number of Units earned under this Agreement may not exceed 200% of
the aggregate number of Target Units.</P>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
