Exhibit 10.3
Neuronetics, Inc.
Amendment to the 2020 Inducement Incentive Plan
WHEREAS, the Board of Directors of Neuronetics, Inc. (the “Company”) approved an amendment to the Neuronetics, Inc. 2020 Inducement Incentive Plan (the “Plan”) to increase the number of shares of the Company’s Common stock reserved for issuance under the Plan.
NOW THEREFORE, in consideration of the foregoing, the first sentence of Section 3(a) of the Plan is amended as of December 9, 2024 to read in its entirety as follows:
“(a) Share Reserve. Subject to Section 9(a) relating to Capitalization Adjustments, and the following sentence regarding the annual increase, the aggregate number of shares of Common Stock that may be issued pursuant to Stock Awards will not exceed 1,400,000 shares (the “Share Reserve”).”
IN WITNESS WHEREOF, pursuant to Section 2(b)(vi) of the Plan, the Company has caused this Amendment to be signed by its President and Chief Executive Officer as of December 9, 2024.
| /s/ Keith J. Sullivan |
| Keith J. Sullivan |
| President and Chief Executive Officer |
