ZimVie Inc.
EX-10.9
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.9 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ZimVie Inc. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2022 STOCK
INCENTIVE PLAN </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NONQUALIFIED STOCK OPTION GRANT </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ZimVie Inc. (the &#147;Company&#148;) grants you this option (this &#147;Option&#148;) to purchase fully paid
and <FONT STYLE="white-space:nowrap">non-assessable</FONT> shares of the Company&#146;s common stock, par value $0.01 per share (the &#147;Common Stock&#148;) pursuant to the Company&#146;s 2022 Stock Incentive Plan (the &#147;Plan&#148;), subject
to the vesting requirements set forth in this agreement (this &#147;Agreement&#148;) and all of the other restrictions, terms and conditions contained in this Agreement and in the Plan. Capitalized terms that are not defined in this Agreement have
the meanings given to them in the Plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <B><U>Grant Date</U></B>: [&#149;] (the &#147;Grant Date&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <B><U>Expiration Date</U></B>: &#149;] (the &#147;Expiration Date&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <B><U>Exercise Price per Share</U></B>: $[i&#149;] </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.
<B><U>Vesting Schedule</U></B>: No Option may be exercised hereunder for the purchase of shares unless you shall have remained in the continuous employ or service (&#147;Service&#148;) of the Company or one of its Affiliates for one year following
the Grant Date. Thereafter, provided that you shall at the time of such exercise, except as specifically set forth herein to the contrary, have been in the Service of the Company or one of its Affiliates, and except as set forth in Sections 16 and
17 below, this Option may from time to time prior to the Expiration Date be exercised in the manner hereinafter set forth, and this Option may be exercised (i)&nbsp;only to the extent of <FONT STYLE="white-space:nowrap">one-third</FONT> of the
number of shares to which this Option applies on or after the first anniversary and prior to the second anniversary of the Grant Date; (ii)&nbsp;only to the extent of <FONT STYLE="white-space:nowrap">one-third</FONT> of the number of shares to which
this Option applies on or after the second anniversary and prior to the third anniversary of the Grant Date; and (iii)&nbsp;in its entirety on or after the third anniversary of the Grant Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5. <B><U>Exercise Procedure</U></B>: This Option may be exercised, in whole or in part in accordance with the vesting schedule set forth above, by the delivery
of an exercise notice to the Company or the Company&#146;s designated agent. The exercise notice will be effective upon receipt by the appropriate person at the Company or the Company&#146;s agent and upon payment of the exercise price, any fees and
any other amounts due to cover <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items as defined and described in Section&nbsp;11 herein. Such exercise notice (which, in the Company&#146;s discretion, may be, or may be required to be, given by
electronic, telefax or other specified means) shall specify the number of shares with respect to which this Option is being exercised and such other representations and agreements as may be required by the Company. In the event the Expiration Date
or
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the termination date set forth under Section&nbsp;8 of this Agreement falls on a day which is not a regular business day at the Company&#146;s executive office in Westminster, Colorado, U.S.A.,
then such written notification must be received on or before the last regular business day prior to such Expiration Date or termination date, as applicable (and prior to the close of the New York Stock Exchange on such last regular business day);
any later attempt to exercise this Option will not be honored. Payment is to be made by certified personal check, or bank draft, by payment through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board, in
shares of Common Stock owned by you having a fair market value at the date of exercise equal to the purchase price for such shares, in any combination of the foregoing or by any other method that the Committee approves; provided, however, that
payment in shares of Common Stock will not be permitted unless at least 100 shares of Common Stock are required and delivered for such purpose. Delivery of shares for exercising an option shall be made either through the physical delivery of shares
or through an appropriate certification or attestation of valid ownership. No shares shall be issued until full payment for such shares has been made. At its discretion, the Committee may modify or suspend any method for the exercise of this Option.
You shall have the rights of a stockholder only with respect to shares of stock that have been recorded on the Company&#146;s books on your behalf or for which certificates have been issued to you. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6. <B><U>Issuance of Shares</U></B>: The Company shall not be required to issue or deliver any certificate(s) for shares of its Common Stock purchased upon the
exercise of any part of this Option prior to (i)&nbsp;the admission of such shares to listing on any stock exchange on which the stock may then be listed, (ii)&nbsp;the completion of any registration or other qualification of such shares under any
local, state, federal or foreign law or rulings or regulations of any governmental regulatory body, including but not limited to the U.S. Securities and Exchange Commission (&#147;SEC&#148;), (iii) the obtaining of any consent or approval or other
clearance from any governmental agency, which the Company shall, in its sole discretion, determine to be necessary or advisable, and (iv)&nbsp;the payment to the Company, upon its demand, of any amount requested by the Company for the purpose of
satisfying your obligations under Section&nbsp;11 herein. You understand that the Company is under no obligation to register or qualify the shares with the SEC or any state or foreign securities commission or to seek approval or clearance from any
governmental authority for the issuance or sale of the shares. Further, you agree that the Company shall have unilateral authority to amend the Plan and the Agreement without your consent to the extent necessary to comply with securities or other
laws applicable to issuance of shares. </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7. <B><U>Nontransferability</U></B>: This Option is not transferable by you otherwise than by will or by the
laws of descent and distribution, and may be exercised, during your lifetime, only by you; provided that the Board may permit further transferability, on a general or specific basis, and may impose conditions and limitations on any permitted
transferability. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8. <B><U>Termination of Employment</U></B>: Notwithstanding any other provision hereof: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(a) <B><U>Remaining Period to Exercise Option Following Termination of Employment (Other than Due to Death)</U></B>: If you retire or cease
to provide Service to the Company or any of its Affiliates for any reason (other than death) after you have been continuously providing Service for at least one year from the Grant Date, you may exercise this Option only to the extent that you were
otherwise entitled to exercise it at the time of such retirement or cessation of Service with the Company or any of its Affiliates, but in no event after (i)&nbsp;the Expiration Date, in the case of retirement or cessation of Service with the
Company or any of its Affiliates on or after your 65th birthday, or on or after your 55th birthday after having completed ten years of Service with the Company or any of its Affiliates, or on or after the date the sum of your attained age (expressed
as a whole number) plus completed years of Service (expressed as a whole number) plus one (1)&nbsp;equals at least 70 and you have completed ten years of Service with the Company or any of its Affiliates and your Service terminates for any reason
other than death, resignation, willful misconduct, or activity deemed detrimental to the interest of the Company and, where applicable, you have executed a general release, a covenant not to compete and/or a covenant not to solicit as required by
the Company, or (ii)&nbsp;the date that is three months next succeeding retirement or cessation of Service, in the case of any other retirement or cessation of Service with the Company or any of its Affiliates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(b) <B><U>Leave of Absence</U></B>: Whether military or government service or other bona fide leave of absence shall constitute termination
of Service for the purpose of this Option shall be determined in each case by the [Company] in its sole discretion. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(c) <B><U>Remaining
Period to Exercise Option Following Death</U></B>: Except as provided in Section&nbsp;7, in the event of your death while in the Service of the Company or of any of its Affiliates or within whichever period after retirement or termination of your
Service specified in subparagraph (a)&nbsp;is applicable, and after you have been continuously so providing Service for one year after the Grant Date, this Option shall be
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exercisable by the executors, administrators, legatees or distributees of your estate, as the case may be, only to the extent that you would have been entitled to exercise it if you were then
living, subject to subparagraph (d)&nbsp;herein, but in the case of your death after retirement or cessation of Service in no event after the later of (i)&nbsp;the date twelve months next succeeding such death and (ii)&nbsp;the last day of the
period after your retirement or other termination of Service specified in subparagraphs (a)(i) or (a)(ii) and provided, in any case, not after the Expiration Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event this Option is exercised by the executors, administrators, legatees or distributees of your estate, the Company shall be under no obligation to
issue stock hereunder unless and until the Company is satisfied that the person or persons exercising this Option are the duly appointed legal representatives of your estate or the proper legatees or distributees thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(d) <B><U>Accelerated Vesting</U></B>: The provisions of Section&nbsp;4 hereof restricting the percentage of shares of an Option grant which
can be exercised prior to the fourth anniversary of the date of such grant shall not apply if (i)&nbsp;you have reached age 60; (ii) you die while in the Service of the Company or any of its Affiliates; (iii)&nbsp;you retire or cease to be providing
Service to the Company or any of its Affiliates (1)&nbsp;on or after your 65th birthday, or (2)&nbsp;on or after your 55th birthday after having completed ten years of Service with the Company or any of its Affiliates, or (3)&nbsp;on or after the
date the sum of your attained age (expressed as a whole number) plus completed years of Service (expressed as a whole number) plus one (1)&nbsp;equals at least 70 and you have completed ten years of Service with the Company or any of its Affiliates
and your Service terminates for any reason other than death, resignation, willful misconduct, or activity deemed detrimental to the interest of the Company and, where applicable, you have executed a general release and a <FONT
STYLE="white-space:nowrap">non-solicitation</FONT> and/or <FONT STYLE="white-space:nowrap">non-compete</FONT> agreement with the Company as required by the Company; or (iv)&nbsp;your Service terminates for any reason other than death, resignation,
willful misconduct, or activity deemed detrimental to the interest of the Company provided you execute a general release and, where applicable, a <FONT STYLE="white-space:nowrap">non-solicitation</FONT> and/or
<FONT STYLE="white-space:nowrap">non-compete</FONT> agreement with the Company, as required by the Company. For the purposes of this Option, service with Zimmer Biomet Holdings, Inc. and its affiliates before the effective date of the Plan shall be
included as Service with the Company; provided that you were employed by Zimmer Biomet Holdings, Inc. on [March 1, 2022] and have been continuously providing Service to the Company or an Affiliate since [March 1, 2022]. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9. <B><U>Change in Control</U></B>: Under certain circumstances, if your employment with the Company or one of its Affiliates Service during the three-year
period following a change in control of the Company, this Option may become fully vested and exercisable. Please refer to the Plan for more information.
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10. <B><U>Changes in Capitalization</U></B>: If prior to the Expiration Date changes occur in the outstanding
Common Stock by reason of stock dividends, recapitalization, mergers, consolidations, stock splits, combinations or exchanges of shares and the like, the exercise price per share and the number and class of shares subject to this Option shall be
appropriately adjusted by the Committee, whose determination shall be conclusive. If as a result of any adjustment under this paragraph you should become entitled to a fractional share of stock, you shall have the right to purchase only the adjusted
number of full shares and no payment or other adjustment will be made with respect to the fractional share so disregarded. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11. <B><U>Responsibility for
Taxes</U></B>: You acknowledge that, regardless of any action taken by the Company or, if different, an Affiliate to which you provide Service (the &#147;Service Recipient&#148;), the ultimate liability for all income tax, social insurance, payroll
tax, fringe benefits tax, payment on account or other <FONT STYLE="white-space:nowrap">tax-related</FONT> items related to your participation in the Plan and legally applicable to you or<B><I> </I></B>deemed by the Company or the Service Recipient
in its discretion to be an appropriate charge to you even if legally applicable to the Company or the Service Recipient <FONT STYLE="white-space:nowrap">(&#147;Tax-Related</FONT> Items&#148;) is and remains your responsibility and may exceed the
amount, if any, actually withheld by the Company or the Service Recipient. You further acknowledge that the Company and/or the Service Recipient (1)&nbsp;make no representations or undertakings regarding the treatment of any <FONT
STYLE="white-space:nowrap">Tax-Related</FONT> Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, the subsequent sale of shares of Common Stock acquired pursuant to such
exercise and the receipt of any dividends; and (2)&nbsp;do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate your liability for
<FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items or achieve any particular tax result. Further, if you are subject to <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items in more than one jurisdiction, you acknowledge that the Company
and/or the Service Recipient (or former service recipient, as applicable) may be required to withhold or account for <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items in more than one jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to the relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company and/or the Service
Recipient to satisfy all <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items. In this regard, you authorize the Company and/or the Service Recipient, or their respective agents, at their discretion, to satisfy any applicable obligations with
regard to all <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items legally payable by you by one or a combination of the following: (a)&nbsp;by withholding from your wages or other cash compensation payable to you
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">by the Company and/or the Service Recipient, within legal limits; or (b)&nbsp;withholding from the proceeds of
the sale of shares of Common Stock acquired at exercise of the Option either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization) without further consent unless the use of such
withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, you agree that the obligation for <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items may be satisfied
by withholding in shares of Common Stock to be issued at exercise of the Option. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Depending on the withholding method, the Company and/or the Service
Recipient may withhold or account for <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items by considering statutory or other applicable withholding rates, including maximum rates applicable in your jurisdiction. In the event of
over-withholding, you may receive a refund of any over-withheld amount in cash (without any entitlement to the Common Stock equivalent) or, if not refunded, you may seek a refund from the local tax authorities. In the event of under-withholding, you
may be required to pay additional <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items directly to the applicable tax authorities. If the obligation for <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items is satisfied by withholding in
shares of Common Stock, for tax purposes, you are deemed to have been issued the full number of shares of Common Stock subject to the exercised Options, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose
of paying the <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Finally, you agree to pay to the Company or the Service Recipient any amount of <FONT
STYLE="white-space:nowrap">Tax-Related</FONT> Items that the Company or the Service Recipient may be required to withhold or account for as a result of your participation in the Plan that cannot be satisfied by the means previously described. The
Company may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if you fail to comply with your obligations in connection with the <FONT STYLE="white-space:nowrap">Tax-Related</FONT> Items. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12. <B><U>Nature of Grant:</U></B> In accepting the Option grant, you acknowledge, understand and agree that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(a) the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended, suspended or terminated by the
Company at any time, consistent with the Plan&#146;s terms; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(b) the grant of the Option is exceptional, discretionary, voluntary and
occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted in the past; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(c) all decisions with respect to future option or other grants, if any, will be at the sole discretion of the Company;
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(d) the Option grant and your participation in the Plan shall not create a right to employment
or be interpreted as forming or amending an employment or service contract with the Company, the Service Recipient or any Affiliate, and shall not interfere with the ability of the Company, the Service Recipient or any Affiliate, as applicable, to
terminate your employment or service relationship (if any); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(e) you are voluntarily participating in the Plan; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(f) the Option, any shares of Common Stock acquired under the Plan, and the income from and value of same are not intended to replace any
pension rights or compensation provided by the Service Recipient or required under applicable law; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(g) the Option and any shares of
Common Stock acquired under the Plan and the income from and value of same, are not part of normal or expected compensation for any purpose, including without limitation for purposes of calculating any severance, resignation, termination,
redundancy, dismissal, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">end-of-service</FONT></FONT> payments, holiday pay, bonuses, long-service awards, pension or retirement or welfare benefits or similar mandatory payments,
unless otherwise determined by the Company, in its sole discretion; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(h) the future value of the shares of Common Stock underlying the
Option is unknown, indeterminable, and cannot be predicted with certainty; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(i) if the underlying shares of Common Stock do not increase
in value, the Option will have no value; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(j) if you exercise the Option and acquire shares of Common Stock, the value of such shares of
Common Stock may increase or decrease, even below the exercise price; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(k) no claim or entitlement to compensation shall arise from
forfeiture of the Option resulting from the termination of your Service relationship (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment or other laws in the jurisdiction where you
are providing Service or the terms of your employment or service agreement, if any), or resulting from a breach or violation as described in Section&nbsp;16 or Section&nbsp;17 below; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(l) for purposes of the Option, your employment or service relationship will be considered terminated as of the date you are no
longer&nbsp;actively providing services to the Company or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment or other laws in the jurisdiction where you are
providing Service or the terms of your employment or service agreement, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, (i)&nbsp;your right to vest in the Option under the Plan, if any, will
</P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt">
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terminate as of such date and will not be extended by any notice period (<I>e.g.</I>, your period of Service would not include any contractual notice period or any period of &#147;garden
leave&#148; or similar period mandated under employment or other laws in the jurisdiction where you are providing Service or the terms of your employment or service agreement, if any); and (ii)&nbsp;the period (if any) during which you may exercise
the Option after such termination of your employment or service relationship will commence on the date you cease to actively provide Service and will not be extended by any notice period mandated under employment or other laws in the jurisdiction
where you are providing Service or terms of your employment or service agreement, if any; the Committee shall have the exclusive discretion to determine when you are no longer actively providing services for purposes of the Option grant (including
whether you may still be considered to be providing services while on a leave of absence); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(m) unless otherwise provided in the Plan
or by the Company in its discretion, the Option and the benefits evidenced by this Agreement do not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or
substituted for, in connection with any corporate transaction affecting the shares of the Company; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:20pt; font-size:10pt; font-family:Times New Roman">(n) neither the Company, the
Service Recipient nor any other Affiliate shall be liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the Option or of any amounts due to you pursuant to the
exercise of the Option or the subsequent sale of any shares of Common Stock acquired upon exercise. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13. <B><U>No Advice Regarding Grant</U></B><B>:</B>
The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying shares of Common Stock. You should consult with
your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">14. <B><U>Data
Privacy</U></B>: <B><I>You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement and any other Option grant materials
(</I></B><B><I>&#147;</I></B><B><I>Data</I></B><B><I>&#148;</I></B><B><I>) by and among, as applicable, the Company, the Service Recipient and any other Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. </I></B> </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>You understand that the Company and the Service Recipient may hold certain personal data about you,
including, but not limited to, your name, home address, telephone number, email address, date of birth, social insurance, passport or other identification number (e.g. resident registration number), salary, nationality, job title, any shares of
Common Stock or directorships held in the Company, details of all Options or any other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the exclusive purpose of implementing,
administering and managing the Plan. </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>You understand that Data may be transferred to Fidelity Stock Plan Services, LLC
(&#147;Fidelity&#148;) or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. You understand that the recipients
of the Data may be located in the United States or elsewhere, and that the recipient&#146;s country (e.g., the United States) may have different data privacy laws and protections than your country. You understand that you may request a list with the
names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the Company, Fidelity and any other possible recipients which may assist the Company (presently or in the future) with
implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan. You understand
that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request information about the storage and processing of Data, require any
necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. Further, you understand that you are providing the consents herein on a purely
voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service with the Service Recipient will not be affected. The only consequence of refusing or withdrawing your consent is that the Company
would not be able to grant Options or other equity awards to you or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on
the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Finally, upon the request of the Company or the Service Recipient, you agree to provide an executed data privacy consent form (or any other agreements
or consents) that the Company and/or the Service Recipient may deem necessary to obtain from you for
</I></B></P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>the purpose of administering your participation in the Plan in compliance with the data privacy laws in
your country, either now or in the future. You understand and agree that you will not be able to participate in the Plan if you fail to provide any such consent or agreement requested by the Company and/or the Service Recipient. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">15. <B><U>Notice</U></B>: Until you are advised otherwise by the Committee, all notices and other correspondence with respect to this Option will be effective
upon receipt at the following address: ZimVie Inc., ATTN: Employee Stock Services, 10225 Westmoor Drive, Westminster, Colorado 80021. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">16. <B><U>Breach of
Restrictive Covenants</U></B>: As a condition of receiving the Option, you have entered into a <FONT STYLE="white-space:nowrap">non-disclosure</FONT> <FONT STYLE="white-space:nowrap">non-solicitation</FONT> and/or
<FONT STYLE="white-space:nowrap">non-competition</FONT> agreement with the Company or its Affiliates. The Company may, at its discretion, require execution of a restated <FONT STYLE="white-space:nowrap">non-disclosure,</FONT> <FONT
STYLE="white-space:nowrap">non-solicitation</FONT> and/or <FONT STYLE="white-space:nowrap">non-competition</FONT> agreement as a condition of receiving the Option. Should you decline to sign such a restated agreement as required by the Company and,
therefore, forego receiving the Option, your most recently signed <FONT STYLE="white-space:nowrap">non-disclosure,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation</FONT> and/or <FONT STYLE="white-space:nowrap">non-competition</FONT>
agreement shall remain in full force and effect. You understand and agree that if you violate any provision of any such agreement that remains in effect at the time of the violation, the Committee may require you to forfeit your right to any
unexercised portion of the Option, even if vested, and, to the extent any portion of the Option has previously been exercised, the Committee may require you to return to the Company any shares of Common Stock you received upon such exercise or any
cash proceeds you received upon the sale of any such shares. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17. <B><U>Violation of Policies</U></B>: Notwithstanding any other provisions of this
Agreement, you understand and agree that if you engage in conduct (which may include a failure to act) in connection with, or that results in, a violation of any of the Company&#146;s policies, procedures or standards, a violation of the
Company&#146;s Code of Business Conduct and Ethics, or that is deemed detrimental to the business or reputation of the Company, the Committee may, in its discretion, require you to forfeit your right to any unvested portion of the Award and, to the
extent that any portion of the Award has previously vested, the Committee may require you to return to the Company the shares of Common Stock covered by the Award or any cash proceeds you received upon the sale of such shares of Common Stock. The
Committee may exercise this discretion at any time that you are employed by the Company or any Affiliate of the Company, and at any time during the <FONT STYLE="white-space:nowrap">18-month</FONT> period following the termination of your employment
with the Company or any Affiliate of the Company for any reason, including, without limitation, on account of Retirement or death.
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18. <B><U>Consent to Electronic Delivery</U></B>: The Company may, in its sole discretion, deliver any documents
related to current or future participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an <FONT STYLE="white-space:nowrap">on-line</FONT> or
electronic system established and maintained by the Company or a third party designated by the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19. <B><U>Insider Trading/Market Abuse
Laws</U></B>: Depending on your country, Fidelity&#146;s country or the country in which shares of Common Stock are listed, you may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including the United
States, your country or the country of the applicable stock plan service provider, which may affect your ability to accept, acquire, sell, attempt to sell or otherwise dispose of shares of Common Stock , rights to shares of Common Stock
(<I>e.g.</I>, Options) or rights linked to the value of shares of Common Stock during such times as you are considered to have &#147;inside information&#148; regarding the Company (as defined by the laws or regulations in applicable jurisdictions).
Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you placed before you possessed inside information. Furthermore, you could be prohibited from (i)&nbsp;disclosing the inside information to any third
party, including fellow employees (other than on a &#147;need to know&#148; basis) and (ii) &#147;tipping&#148; third parties or causing them otherwise to buy or sell securities. Any restrictions under these laws or regulations are separate from and
in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company. You acknowledge that it is your responsibility to comply with any applicable restrictions, and you should speak to your personal advisor
on this matter. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">20. <B><U>Foreign Asset/Account Reporting</U></B>: Please be aware that your country may have certain foreign asset and/or account
reporting requirements which may affect your ability to acquire or hold shares of Common Stock under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of shares of
Common Stock) in a brokerage or bank account outside your country. You may be required to report such accounts, assets or transactions to the tax or other authorities in your country. You acknowledge that it is your responsibility to be compliant
with such regulations, and you should speak to your personal advisor on this matter. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">21. <B><U>Addendum</U></B>: Notwithstanding any provisions in this
Agreement, the Option grant shall be subject to any special terms and conditions set forth in any Addendum to this Agreement for your country. Moreover, if you relocate to one of the countries included in the Addendum, the special terms and
conditions for such </P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">country will apply to you, to the extent the Company determines that the application of such terms and
conditions is necessary or advisable for legal or administrative reasons. The Addendum constitutes part of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">22. <B><U>Construction and
Interpretation</U></B>: The Board and the Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement and
all such Board and Committee determinations shall be final, conclusive, and binding upon you and all interested parties. The terms and conditions set forth in this Agreement are subject in all respects to the terms and conditions of the Plan, as
amended from time to time, which shall be controlling. This Agreement contains the entire understanding of the parties and may not be modified or amended except in writing duly signed by the parties. The waiver of, or failure to enforce, any
provision of this Agreement or the Plan by the Company will not constitute a waiver by the Company of the same provision or right at any other time or a waiver of any other provision or right. The various provisions of this Agreement are severable
and any determination of invalidity or unenforceability of any provision shall have no effect on the remaining provisions. This Agreement will be binding upon and inure to the benefit of the successors, assigns, and heirs of the respective parties.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The validity and construction of this Agreement shall be governed by the laws of the State of Colorado, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction. For purposes of litigating any dispute arising under this Agreement, the parties hereby submit and consent to the
jurisdiction of the State of Colorado, agree that such litigation shall be conducted in the courts of the State of Colorado or the federal courts for the United States for the District of Colorado, where this grant is made and/or to be performed.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You acknowledge that you are proficient in the English language, or have consulted with an advisor who is proficient in English, so as to enable you to
understand the provisions of this Agreement and the Plan. If you have received this or any other document related to the Plan translated into a language other than English, and if the meaning of the translated version is different than the English
version, the English version will control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">23. <B><U>Imposition of Other Requirements</U></B>: The Company reserves the right to impose other requirements
on your participation in the Plan, on the Option and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing. </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">24. <B><U>Recoupmen</U>t</B> Any benefits you may receive hereunder shall be subject to repayment or forfeiture
as may be required to comply with&nbsp;(i)&nbsp;any applicable listing standards of a national securities exchange adopted in accordance with Section&nbsp;954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of
erroneously awarded compensation) and any implementing rules and regulations of the U.S. Securities and Exchange Commission adopted thereunder; (ii)&nbsp;similar rules under the laws of any other jurisdiction; and (iii)&nbsp;any policies adopted by
the Company to implement such requirements, all to the extent determined by the Company in its discretion to be applicable to you<I>.</I>
</P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">25. <B><U>Electronic Acceptance</U></B> By electronically accepting or exercising the Option, you agree to the
terms of this Agreement and the Plan. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">ZIMVIE INC.</TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">[&#9679;]</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heather Kidwell</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>SVP, Chief Legal and Compliance Officer</TD></TR>
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<TD VALIGN="top"></TD>
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<TD VALIGN="top">and Corporate Secretary</TD></TR>
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