Document:

Form Incentive Stock Option Agreement

 Exhibit 10.2 
  
 STOCK OPTION AGREEMENT 
  
 pursuant to the 
  
 RCN CORPORATION 
 2005 STOCK COMPENSATION PLAN 
  
 * * * * * 
  
 Optionee: 
  
 Grant Date: 
  
 Per Share Exercise Price: 
  
 Number of
Option Shares subject to this Option: 
  
 * * * * *

  
 THIS STOCK OPTION AGREEMENT (this “Agreement”),
dated as of the Grant Date specified above, is entered into by and between RCN Corporation (the “Company”), and the Optionee specified above, pursuant to the RCN Corporation 2005 Stock Compensation Plan, as in effect and as amended from
time to time (the “Plan”); and 
  
 WHEREAS, it has been
determined under the Plan that it would be in the best interests of the Company to grant the incentive stock option provided for herein to the Optionee. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and premises hereinafter set forth and for other good and valuable consideration, the parties
hereto hereby mutually covenant and agree as follows: 
  
 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from
time to time unless such amendments are expressly intended not to apply to the grant of the option hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein.
Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto under the Plan. The Optionee hereby acknowledges receipt of a true copy of the Plan and that the Optionee has read the Plan carefully and fully
understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. 

 2. Grant of Option. The Company hereby grants to the Optionee, as of the Grant Date
specified above, an incentive stock option (this “Option”) to acquire from the Company at the Per Share Exercise Price specified above the aggregate number of shares of the Common Stock specified above (the “Option Shares”). This
Option is to be treated as (and is intended to qualify as) an incentive stock option within the meaning of Section 422 of the Code. 
  
 3. No Dividends Equivalents. The Optionee shall not be entitled to receive a cash payment in respect of the Option Shares underlying
this Option on any dividend payment date for the Common Stock. 
  
 4. Exercise of this Option. 
  
 4.1 In accordance with and to the extent provided by the terms and provisions of Article 5 of the Plan, unless otherwise provided in Section 4.4 below or determined by the Committee, this Option shall
become exercisable in accordance with the terms set forth on Exhibit A. 
  
 4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten years from
the Grant Date (the “Option Period”). 
  
 4.3 In no event shall this Option be exercisable for a fractional share of Common Stock. 
  
 5. Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or
his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise
Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in
Section 6.5 of the Plan. 
  
 6.
Termination. 
  
 6.1 If the
Optionee’s employment with the Company and/or one of its Subsidiaries terminates for any reason, any then unexercisable portion of this Option shall be forfeited and cancelled by the Company. 
  
 6.2 Subject to the terms of Exhibit A, if the
Optionee’s employment with the Company and/or its Subsidiaries terminates for any reason other than due to the Optionee’s death or disability (as defined and determined by the Company), the Optionee’s rights, if any, to exercise any
then exercisable portion of this Option, shall terminate ninety (90) days after the 

  

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date of such termination, but not beyond the expiration of the Option Period, and thereafter such Option shall be forfeited and cancelled by the Company.

  
 6.3 If Optionee’s termination of
employment with the Company and/or its Subsidiaries is due to the Optionee’s death or disability, the Optionee (or the Optionee’s estate, designated beneficiary or other legal representative, as the case may be and as determined by the
Committee) shall have the right, to the extent exercisable immediately prior to any such termination, to exercise this Option at any time within the one (1) year period following such termination due to death or disability, but not beyond the
expiration of the Option Period, and thereafter such Option shall be forfeited and cancelled by the Company. 
  
 6.4 The Board or the Committee, in its sole discretion, may determine that all or any portion of this Option, to the extent
exercisable immediately prior to the Optionee’s termination of employment with the Company and/or its Subsidiaries for any reason, may remain exercisable for an additional specified time period after the period specified above in this
Section 6 expires (subject to any other applicable terms and provisions of the Plan and this Agreement), but not beyond the expiration of the Option Period. 
  
 7. Non-transferability. This Option, and any rights or interests therein, shall not be sold, exchanged,
transferred, assigned or otherwise disposed of in any way at any time by the Optionee (or any beneficiary(ies) of the Optionee), other than by testamentary disposition by the Optionee or the laws of descent and distribution. This Option shall not be
pledged, encumbered or otherwise hypothecated in any way at any time by the Optionee (or any beneficiary(ies) of the Optionee) and shall not be subject to execution, attachment or similar legal process. Any attempt to sell, exchange, pledge,
transfer, assign, encumber or otherwise dispose of or hypothecate this Option, or the levy of any execution, attachment or similar legal process upon this Option, contrary to the terms of this Agreement and/or the Plan shall be null and void and
without legal force or effect. This Option shall be exercisable during the Optionee’s lifetime only by the Optionee. 
  
 8. Entire Agreement; Amendment. This Agreement contains the entire agreement between the parties hereto with respect to the subject
matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The Board or the Committee shall have the right, in its sole discretion, to modify or
amend this Agreement from time to time in accordance with and as provided in the Plan; provided, however, that no such modification or amendment shall materially adversely affect the rights of the Optionee under this Option without the
consent of the Optionee. The Company shall give written notice to the Optionee of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. This Agreement may also be modified or amended by a writing
signed by both the Company and the Optionee. 
  

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 9. Notices. Any Exercise Notice or other notice which may be required or permitted
under this Agreement shall be in writing, and shall be delivered in person or via facsimile transmission, overnight courier service or certified mail, return receipt requested, postage prepaid, properly addressed as follows. 
  
 9.1 If such notice is to the Company, to the
attention of the Secretary of RCN Corporation, Presidents Plaza, Building One, 196 Van Buren Street, Suite 300, Herndon, Virginia, 20170 or at such other address as the Company, by notice to the Optionee, shall designate in writing from time to
time. 
  
 9.2 If such notice is to the
Optionee, at his or her address as shown on the Company’s records, or at such other address as the Optionee, by notice to the Company, shall designate in writing from time to time. 
  
 10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware without reference to the principles of conflict of laws thereof. 
  
 11. Compliance with Laws. The issuance of this Option (and the Option Shares upon exercise of this Option) pursuant to this Agreement shall be subject to, and shall comply with, any applicable
requirements of any federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act of 1933, the Exchange Act and the respective rules and regulations promulgated thereunder) and any
other law or regulation applicable thereto. The Company shall not be obligated to issue this Option or any of the Option Shares pursuant to this Agreement if any such issuance would violate any such requirements. 
  
 12. Binding Agreement; Assignment. This Agreement shall
inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Optionee shall not assign any part of this Agreement without the prior express written consent of the Company. 
  
 13. Counterparts. This Agreement may be executed in one
or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 
  
 14. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only
and shall not be deemed to be a part of this Agreement. 
  
 15.
Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as any party
hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 
  
 16. Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction
shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any 

  

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provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the
fullest extent permitted by law. 
  
 IN WITNESS WHEREOF, the
Company has caused this Agreement to be executed by its duly authorized officer, and the Optionee has hereunto set his hand, all as of the Grant Date specified above. 
  

			
	 RCN Corporation

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 	 	 
	 [Optionee]

  

 - 5 -Form Director Restricted Stock Agreement

 Exhibit 10.3 
  
 RESTRICTED STOCK AGREEMENT 
  
 pursuant to the 
  
 RCN CORPORATION 
 2005 STOCK COMPENSATION PLAN 
  
 * * * * * 
  
 Grantee: 
  
 Grant Date: 
  
 Number of Shares of Restricted Stock Granted: 
  
 * * * * * 
  
 THIS RESTRICTED
STOCK AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between RCN Corporation (the “Company”), and the Grantee specified above, pursuant to the RCN Corporation 2005 Stock
Compensation Plan as in effect and as amended from time to time (the “Plan”); and 
  
 WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock provided herein to the Grantee. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and premises
hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 
  
 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan
(including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the grant of Restricted Stock hereunder), all of which terms and provisions are made a
part of and incorporated in this Agreement as if they were each expressly set forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto under the Plan. The Grantee hereby acknowledges receipt
of a true and complete copy of the Plan and that the Grantee has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall
control. 
  
 2. Grant of Restricted Stock. The
Company hereby grants to the Grantee, as of the Grant Date specified above, the number of shares of Restricted Stock (the “Shares” or the “Restricted Stock”) specified above. Except as otherwise provided by Section 10.13 of
the Plan, 

 
the Grantee agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Grantee with any protection against
potential future dilution of the Grantee’s stockholder interest in the Company for any reason. One or more stock certificates evidencing the Restricted Stock shall be issued in the name of the Grantee but shall be held in escrow by the Company
until the Restricted Stock has become vested and unrestricted. All such stock certificates shall bear the following legend, along with such other legends that the Board or the Committee shall deem necessary and appropriate or which are otherwise
required or indicated pursuant to any applicable stockholders agreement: 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THE SHARES, A COPY OF
WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES. 
  
 3. Vesting. Subject to Section 8, the shares of Restricted
Stock subject to this grant shall become unrestricted and vested as follows: 
  
 4. Termination. Subject to clause (ii) of Section 3, above, if the Grantee’s service as a member of the Company’s Board of Directors terminates for any reason prior to the vesting of
all or any portion of the Restricted Stock awarded under this Agreement, such Restricted Stock shall immediately be cancelled and the Grantee (and the Grantee’s estate, designated beneficiary or other legal representative) shall forfeit any
rights or interests in and with respect to any such Restricted Stock. The Board or the Committee, in its sole discretion, may determine, prior to or within ninety (90) days after the date of any such termination, that all or a portion of any
the Grantee’s unvested Restricted Stock shall not be so cancelled and forfeited. 
  
 5. Dividends. Any dividends paid on shares of Restricted Stock shall be paid to the Grantee promptly after the date any such dividends are paid by the Company to stockholders generally. 
  
 6. Delivery of Restricted Stock. Subject to Section 6.5 of
the Plan, if the Restricted Stock awarded by this Agreement becomes vested, the Grantee shall be entitled to receive unrestricted Shares. 
  
 7. Non-transferability. The Restricted Stock, and any rights or interests with respect thereto, issued under this Agreement and the Plan
shall not, prior to vesting, be sold, exchanged, transferred, assigned or otherwise disposed of in any way at any time by the Grantee (or any beneficiary(ies) of the Grantee), other than by testamentary disposition by the Grantee or the laws of
descent and distribution. Any such Restricted Stock, and any rights and interests with respect thereto, shall not, prior to vesting, be pledged, encumbered or otherwise hypothecated in any way at any time by the Grantee (or any beneficiary(ies) of
the Grantee) and 

  

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shall not, prior to vesting, be subject to execution, attachment or similar legal process. Any attempt to sell, exchange, pledge, transfer, assign, encumber
or otherwise dispose of or hypothecate the Restricted Stock, or the levy of any execution, attachment or similar legal process upon the Restricted Stock, contrary to the terms of this Agreement and/or the Plan shall be null and void and without
legal force or effect. Prior to vesting, the Restricted Stock, and any rights and interests with respect thereto, issued under this Agreement shall be held by the Company as escrow agent. 
  
 8. Restrictions on Transfer of Shares After Vesting. 
  
 (a) Except as expressly permitted under Sections 8(b) and 8(c) below, the
Grantee shall not assign, sell, offer to sell, pledge, mortgage, hypothecate, encumber, dispose of, or any other way transfer any of the Shares (or any interest therein) (a “Transfer”) or enter into any agreement or arrangement to make any
Transfer of any of the Shares at any time when he is serving as a member of the Board of Directors of the Company. The foregoing restriction on Transfer of the Shares shall terminate and be of no further force and effect with respect to all
then-vested Shares on the date on which the Grantee’s service as a member of the Board of Directors of the Company is terminated for any reason, whether voluntarily or involuntarily (including, without limitation, by death or disability, by
resignation or removal, or by expiration of his term). The foregoing restriction on Transfer of the Shares may be waived with respect to any proposed Transfer of any vested Shares by the prior consent of a majority of the disinterested non-employee
members of the Board of Directors of the Company. 
  
 (b)
Notwithstanding the provisions of Section 8(a), the Grantee may, in accordance with the Company’s trading policies as in effect from time to time, Transfer, in one of more transactions, a number of vested Shares equal, in the aggregate, to
fifty percent (50%) of the total number of Shares that have, as of the date of such Transfer, vested pursuant to Section 3. 
  
 (c) The restrictions set forth in Sections 8(a) and 8(b) shall not apply to any Transfer by way of gift and without consideration of any vested Shares by
the Grantee, either during his lifetime or on death by will or intestacy, to the Grantee’s spouse, siblings, children or grandchildren, or to any custodian or trustee for the account or benefit of the Grantee or the Grantee’s spouse,
siblings, children or grandchildren; provided that the transferee of such Shares enter into an agreement with the Company pursuant to which the transferred Shares shall remain subject to substantially the same restrictions as set forth in this
Section 8. 
  
 9. Effect of Prohibited
Transfer. If any transfer of Shares is made or attempted to be made contrary to the terms of this Agreement, the Company shall have the right to acquire for its own account, without the payment of any consideration therefor, such Shares from
the owner thereof or his transferee, at any time before or after such prohibited transfer. In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specified performance to the extent permitted by law
and may exercise such other equitable remedies then available to it. The Company may refuse for any purpose to recognize any transferee who receives Shares contrary to the provisions of this Agreement as a stockholder of the Company and may retain
and/or recover all dividends on such Shares which were paid or payable subsequent to the date on which the prohibited transfer was made or attempted. 
  

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 10. Entire Agreement; Amendment. This Agreement contains the entire agreement
between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. Notwithstanding the foregoing,
this Agreement shall not be deemed to amend or supersede any provision of the employment letter agreement dated as of May 12, 2005 between the Company and the Grantee (together with the Exhibits thereto, the “Employment Letter”) and
in the event of any inconsistency between any provision of this Agreement and any provision of the Employment Letter, the terms of the Employment Letter shall prevail. The Board or the Committee shall have the right, in its sole discretion, to
modify or amend this Agreement from time to time in accordance with and as provided in the Plan; provided, however, that no such modification or amendment shall materially adversely affect the rights of the Grantee under this Agreement without the
consent of the Grantee. The Company shall give written notice to the Grantee of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. This Agreement may also be modified or amended by a writing
signed by both the Company and the Grantee. 
  
 11.
Notices. Any Exercise Notice or other notice which may be required or permitted under this Agreement shall be in writing, and shall be delivered in person or via facsimile transmission, overnight courier service or certified mail, return
receipt requested, postage prepaid, properly addressed as follows. 
  
 11.1 If such notice is to the Company, to the attention of the Secretary of RCN Corporation, Presidents Plaza, Building One, 196 Van Buren Street, Suite 300, Herndon, Virginia, 20170 or at such other address as
the Company, by notice to the Grantee, shall designate in writing from time to time. 
  
 11.2 If such notice is to the Grantee, at his or her address as shown on the Company’s records, or at such other address as
the Grantee, by notice to the Company, shall designate in writing from time to time. 
  
 12. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without reference to the principles of conflict of laws thereof.

  
 13. Compliance with Laws. The issuance of
the Restricted Stock or Shares pursuant to this Agreement shall be subject to, and shall comply with, any applicable requirements of any federal and state securities laws, rules and regulations (including, without limitation, the provisions of the
Securities Act of 1933, the Exchange Act and the respective rules and regulations promulgated thereunder) and any other law or regulation applicable thereto. The Company shall not be obligated to issue the Restricted Stock or Shares pursuant to this
Agreement if any such issuance would violate any such requirements. 
  
 14. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The 

  

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Grantee shall not assign any part of this Agreement without the prior express written consent of the Company. 
  
 15. Counterparts. This Agreement may be executed in one
or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 
  
 16. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only
and shall not be deemed to be a part of this Agreement. 
  
 17. Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and
documents as any party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 
  
 18. Severability. The invalidity or unenforceability of
any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in
any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 
  

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and the Grantee has hereunto set his hand, all
as of the Grant Date specified above. 
  

			
	 RCN Corporation

		
	 By:
	 	 
		
	 Name:
	 	 
		
	 Title:
	 	 
		
	 	 	 
	 [Grantee]

  

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