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EXHIBIT 10.1(I) COMPUTER NETWORK TECHNOLOGY CORPORATION
1992 STOCK AWARD PLAN
DEFERRED STOCK UNIT AGREEMENT
(DIRECTOR) THIS
AGREEMENT made as of the

day of , between Computer
Network Technology Corporation, a Minnesota corporation (the
Company) and 
(the Director), W I T N E S S E T H: WHEREAS, the Computer Network Technology Corporation 1992 Stock Award Plan
(the Plan) permits the Company to make stock based awards to Directors; and WHEREAS, the Board of Directors of CNT (the Board) has determined to
make an award of Deferred Stock Units to the Director, such stock based award
to be governed by the terms of the Plan and this Agreement; NOW, THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, and for other good and valuable consideration, the
parties agree as follows: 1.
    
    Definitions and Construction.
 1.1 Definitions.Unless otherwise defined in this Agreement or the
Deferred Stock Award Election Form made available by the Company
(Election Form), defined terms not explicitly defined in this
Agreement but defined in the Plan shall have the same definitions as
in the Plan. 1.2 Construction. Captions and titles contained herein are for
convenience only and shall not affect the meaning or interpretation
of any provision of this Agreement. Except when otherwise indicated
by the context, the singular shall include the plural and the plural
shall include the singular. Use of the term or is not intended to
be exclusive, unless the context clearly requires otherwise. 2.
    
    Grant of Deferred Stock Units.
 2.1 Subject to the terms and conditions of the Plan and of this
Agreement (and subject to execution of this Agreement by Director),
the Company has granted to Director
 Deferred Stock Units
(DSUs)
effective  (Date of Grant). Such DSUs are
subject to the terms and restrictions provided for in this Agreement. 2.2 No DSUs may be sold, transferred, pledged, hypothecated or
otherwise encumbered or disposed of until Common Shares have been
issued for such DSUs.




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3.
    
    Settlement of the DSUs.
 3.1 No Additional Payment Required. The Director shall not be
required to make any additional payment of consideration upon
settlement of an DSU. 3.2 Issuance of Shares of Stock. Subject to the provisions of
paragraph 3.4 below, the Company shall issue to the Director a number
of whole Common Shares equal to the number of DSUs then held by the
Director rounded down to the nearest whole number, on a date (the
Settlement Date) within thirty (30) days following the earliest of
(a)
 (the Original Settlement Date), unless the Director
has elected a Deferred Settlement Date or Date for such DSUs as
defined in the Election Form; (b) the Deferred Settlement Date or
Dates (as defined by the Director in the Election Form), (c) the date
of a Fundamental Change unless appropriate provision has been made
for protection of the DSUs by the substitution of appropriate DSUs or
stock of the corporation surviving the Fundamental Change or, if
appropriate, the parent corporation of the Company or such surviving
corporation; (d) an Event; or (e) the death of the Director. Such
Common Shares shall not be subject to any restriction on transfer
other than any such restriction as may be required pursuant to
paragraph 3.4 or any applicable law, rule or regulation. On the
Settlement Date, the Company shall pay to the Director cash in lieu
of any fractional Common Share represented by a fractional DSU
subject to this Award in an amount equal to the Fair Market Value on
the earliest date specified in (a) through (e) above of such
fractional Common Share. 3.3 Certificate Registration. The certificate for the shares as to
which the DSU is settled shall be registered in the name of the
Director, or, if applicable, in the names of the heirs of the
Director. 3.4 Restrictions on Grant of the DSU and Issuance of Shares. The
grant of the DSUs and issuance of Common Shares upon settlement of
the DSUs shall be subject to compliance with all applicable
requirements of federal, state or foreign law with respect to such securities, including requirements as amended after grant of the DSU.
No Common Shares 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 the
Common Stock may then be listed. The inability of the Company to
obtain from any regulatory body having jurisdiction the authority, if
any, deemed by the Companys legal counsel to be necessary to the
lawful issuance and sale of any shares subject to the DSU shall
relieve the Company of any liability in respect of the failure to
issue or sell such shares as to which such requisite authority shall
not have been obtained. As a condition to the settlement of the DSU,
the Company may require the Director to satisfy any qualifications
that may be necessary or appropriate, to evidence compliance with any
applicable law or regulation and to make any representation or
warranty with respect thereto as may be requested by the company. 3.5 Fractional Shares. The Company shall not be required to issue
fractional shares upon the settlement of a DSU.




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4. Dividend Equivalent Rights.Effective on the date of payment of cash
dividends on the Common Shares occurring on and after the Date of Grant
and before the Settlement Date (or applicable Deferred Settlement Date),
the number of DSUs subject to this grant shall be increased by such
additional whole and/or fractional DSUs determined by the following
formula: X = (AxB)/C where, X is the number of whole and/or fractional DSUs to be
credited with respect to the grant; A is the amount of cash dividends paid on one Common
Share; B is the number of whole and fractional DSUs subject to
this grant as of the cash dividend record date but
immediately prior to the application of this paragraph;
and C is the Fair Market Value of a Common Share on the cash
dividend payment date. Such additional DSUs shall be subject to the same terms and
conditions and shall be settled in the same manner and at the same
time as the DSUs originally subject to this grant. 5. The Board; Adjustments. The Board, in its sole and absolute
discretion, shall determine any terms and conditions relating to this
grant. The Board may modify this grant, in its sole and absolute
discretion, to adjust the number or type of securities subject hereto in
the event of a reorganization, merger, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of
 shares, rights offering, or extraordinary dividend or divestiture
(including a spin-off), or any other change in the corporate structure or
Common Shares of the Company. 6. Retention as Directors. This Agreement shall not give the Director
any right to continued service as a Director with the Company or any
Affiliate, and the Company or any Affiliate may treat the Director
without regard to the effect it may have upon the Director or any DSUs
under this Agreement. 7. Rights as a Stockholder, Director, Employee or Consultant. The
Director shall have no rights as a stockholder with respect to any shares
which may be issued in settlement of this grant until the date of the
issuance of a certificate for such shares (as evidenced by the appropriate
entry on the books of the Company or of a duly authorized transfer agent
of the Company). No adjustment shall be made for dividends, distributions
or other rights for which the record date is prior to the date such
certificate is issued, except as provided in paragraph 5 or pursuant to
the Dividend Equivalent Rights of paragraph 4. 8. Legends. The Company may at any time place legends referencing any
applicable federal, state or foreign securities law restrictions on all
certificates representing shares of stock issued pursuant to this
Agreement. The Director shall, at the request of the Company, promptly
present to the Company




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any and all certificates representing shares acquired pursuant to this
grant in the possession of the Director in order to carry out the
provisions of this paragraph. 9. Interpretation of This Agreement. All decisions and interpretations
made by the Board with regard to any question arising under this
Agreement or the Plan shall be binding and conclusive upon the Company,
any Affiliate and the Director. In the event that there is any
inconsistency between the provisions of this Agreement and the Plan, the
provisions of the Plan shall govern. 10. Miscellaneous. This Agreement is entered into pursuant to the Plan
and is subject to all of the terms and conditions contained in the Plan.
A copy of the Plan is on file with the Company; and, by acceptance hereof,
the Director agrees and accepts this Agreement subject to the terms of the
Plan. This Agreement shall be binding upon and inure to the benefit of
any successor of the Company. This Agreement shall be governed by and
construed in accordance with the laws of the State of Minnesota. This
Agreement contains all terms and conditions with respect to the subject
matter hereof and no amendment, modification or other change hereto shall
be of any force or effect unless and until set forth in a writing executed
by the Director and the Company. IN WITNESS WHEREOF, the Director has executed this Agreement and the
Company has caused this Agreement to be executed by its duly authorized
officer, all as of the day and year first above written. COMPUTER NETWORK TECHNOLOGY CORPORATIONByIts Director of Compensation and BenefitsDirector