Exhibit 10(v)

[Grant Number]

STOCK UNIT AGREEMENT
PURSUANT TO THE
COMTECH TELECOMMUNICATIONS CORP.
2000 STOCK INCENTIVE PLAN

Dear [Director Name]:
Preliminary Statement
As a non-employee director of Comtech Telecommunications Corp. (the “Company”),
pursuant to your election made in accordance with Section 13.7(a) of the Plan,
you were automatically granted on [Date] (the “Grant Date”), pursuant to the
terms of the Plan and this Stock Unit Agreement (this “Agreement”), the number
of stock units (the “Units”) set forth below in lieu of all or a portion of your
annual cash retainer for 20__. Each Unit represents one (1) share of the
Company’s common stock, $.10 par value per share (the “Common Stock”).
The terms of the grant are as follows:
1. Grant of Units. Subject in all respects to the Plan and the terms and
conditions set forth herein and therein, on the Grant Date you were
automatically granted [#] fully vested Units (the “Award”).
2. Payment. Subject to the terms of this Agreement and the Plan, you shall
receive one share of Common Stock with respect to each Unit subject to the Award
within thirty (30) days of your Termination of Directorship for any reason other
than a Termination of Directorship for Cause (such date of settlement, the
“Settlement Date”). For purposes of this Agreement, “Termination of
Directorship” means, subject to Section 17.13 of the Plan, that you have ceased
to be a director of the Company; provided, that in the event that you become an
Eligible Employee or a Consultant upon your ceasing to be a director, a
Termination of Directorship shall not be deemed to have occurred until such time
as you have “separated from service” as defined in Section 409A of the Code.
3. Dividend Equivalents. Any cash or Common Stock dividends paid on shares of
Common Stock underlying a Unit prior to the Settlement Date for such Unit shall
be credited to a dividend book entry account on your behalf (any such credited
amount, a “Dividend Equivalent”). Any cash Dividend Equivalents shall not be
deemed to be reinvested in shares of Common Stock and will be held uninvested
and without interest. You will be paid an amount equal to any Dividend
Equivalents with respect to cash dividends in cash on the applicable Settlement
Date on which the related Unit is settled. You will be paid an amount equal to
any Dividend Equivalents with respect to dividends of Common Stock on the
applicable Settlement Date on which the related Unit is settled, which amount
shall be paid in cash and shall equal the Fair Market Value of the Common Stock
underlying such dividend as of the applicable Settlement Date. Prior to the
payment thereof, any Dividend Equivalents will be encompassed within the term
“Award” with respect to the relevant Units.

        

--------------------------------------------------------------------------------

4. Termination for Cause. Notwithstanding anything herein to the contrary, in
the event of your Termination of Directorship for Cause, the Units (including
any Dividend Equivalents credited thereupon) shall terminate and be forfeited in
their entirety as of the date of such Termination of Directorship.
5. Detrimental Activity. In the event you engage in Detrimental Activity prior
to, or during the one year period following the later of your Termination of
Directorship or any grant of Stock Units, the Committee may direct (at any time
within one year thereafter) that all of the Units (including any Dividend
Equivalents credited thereupon) shall be immediately forfeited to the Company
and that you shall pay over to the Company the amount realized from any Units or
any Common Stock or Dividend Equivalents paid in connection therewith.
6. Restriction on Transfer. The Award is not transferable other than by will or
by the laws of descent and distribution. In addition, the Award shall not be
assigned, negotiated, pledged or hypothecated in any way (whether by operation
of law or otherwise), and the Award shall not be subject to execution,
attachment or similar process. Upon any attempt to transfer, assign, negotiate,
pledge or hypothecate all or part of the Award or in the event of any levy upon
the Award by reason of any execution, attachment or similar process contrary to
the provisions hereof, the Award shall immediately become null and void.
7. Rights as a Stockholder. Except as otherwise provided herein, you shall have
no rights as a stockholder with respect to any shares of Common Stock covered by
the Award unless and until you have become the holder of record of the shares of
Common Stock.
8. Provisions of Plan Control. This grant is subject to all the terms,
conditions and provisions of the Plan, including, without limitation, Section
17.13 of the Plan (Section 409A of the Code) and the amendment provisions of the
Plan, and to such rules, regulations and interpretations relating to the Plan as
may be adopted by the Board of Directors of the Company and as may be in effect
from time to time. Any capitalized term used but not defined herein shall have
the meaning ascribed to such term in the Plan. The Plan is incorporated herein
by reference. If and to the extent that this grant conflicts or is inconsistent
with the terms, conditions and provisions of the Plan, the Plan shall control,
and this grant shall be deemed to be modified accordingly.
9. Notices. Any notice or communication given hereunder shall be in writing and
shall be deemed to have been duly given when delivered in person, or by United
States mail, to the appropriate party at the address set forth below (or such
other address as the party shall from time to time specify):
If to the Company, to:
Comtech Telecommunications Corp.
68 South Service Road, Suite 230
Melville, NY 11747
Attention: Secretary
If to you, to the address indicated after your signature at the end of this
Agreement.
10. Securities Representations. The grant of the Award and issuance of shares of
Common Stock upon settlement of the Award shall be subject to, and in compliance
with, all applicable requirements of federal, state or foreign securities law.
No shares of Common Stock may be issued hereunder if the issuance of such shares
would constitute a violation of any applicable federal, state or foreign
securities laws or other law or regulations or the requirements of any stock
exchange or market system upon which

        

--------------------------------------------------------------------------------

such shares may then be listed. As a condition to the settlement of the Award,
the Company may require you to satisfy any qualifications that may be necessary
or appropriate, to evidence compliance with any applicable law or regulation.
The shares of Common Stock are being issued to you and this Agreement is being
made by the Company in reliance upon the following express representations and
warranties. You acknowledge, represent and warrant that:
(a)    you have been advised that you may be an “affiliate” within the meaning
of Rule 144 under the Securities Act of 1933, as amended (the “Act”) and in this
connection the Company is relying in part on your representations set forth in
this section.
(b)    If you are deemed to be an affiliate within the meaning of Rule 144 of
the Act, the shares of Common Stock issued to you must be held indefinitely
unless an exemption from any applicable resale restrictions is available or the
Company files an additional registration statement (or a “re-offer prospectus”)
with regard to such shares of Common Stock and the Company is under no
obligation to register the shares (or to file a “re-offer prospectus”).
(c)    If you are deemed to be an affiliate within the meaning of Rule 144 of
the Act, you understand that the exemption from registration under Rule 144 will
not be available unless (i) a public trading market then exists for the Common
Stock, (ii) adequate information concerning the Company is then available to the
public, and (iii) other terms and conditions of Rule 144 or any exemption
therefrom are complied with; and that any sales of the shares of Common Stock
may be made only in limited amounts in accordance with such terms and
conditions.

11. Right to Terminate Directorship. Neither the Plan nor the grant the Award
hereunder shall impose any obligations on the Company and/or the stockholders of
the Company to retain you as a director, nor shall it impose any obligation on
your part to remain as a director of the Company.
12. Agreement and Grant Not Effective Unless Accepted. By selecting the “Accept"
button below you agree (i) to enter into this Agreement electronically, and (ii)
to the terms and conditions of the Agreement. Until you select the "Accept"
button below, this Award shall not be effective and if you do not select the
“Accept" button within 14 days from the date the Agreement is made available to
you electronically this Award shall be null and void.