Exhibit 10.34 [NUMBER] shares of Common Stock INVERNESS MEDICAL INNOVATIONS PLC (" the Company" ) HM REVENUE AND CUSTOMS SHARE OPTION PLAN (2007) (" the Plan" ) THIS IS TO CERTIFY THAT: [NAME OF PARTICIPANT]WAS ON [DATE OF GRANT] GRANTED SUBJECT TO THE RULES OF THE PLAN AN OPTION TO ACQUIRE [NUMBER OF OPTION SHARES] SHARES OF COMMON STOCK OF $0.001 EACH IN THE CAPITAL OF THE COMPANY AT AN OPTION PRICE OF [PRICE] DOLLARS PER SHARE.The Option is first exercisable in stages pursuant to Rule 2.6 of the Plan as follows: Proportion of Shares over which the Option may be exercised from Cumulative proportion of the Shares Specified Anniversary the Specified Anniversary which the Option may be exercised 1st anniversary of the Date of Grant One quarter of the Shares subject to the Option, rounded up if necessary to nearest whole Share. One quarter of the Shares subject to the Option, rounded up if necessary to nearest whole Share 2nd anniversary of the Date of Grant One quarter of the Shares subject to the Option, rounded up if necessary to nearest whole Share. Half of the Shares subject to the Option, rounded up if necessary to nearest whole Share. 3rd anniversary of the Date of Grant One quarter of the Shares subject to the Option, rounded up if necessary to nearest whole Share. Three quarters of the Shares subje ...
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