Document:

Summary of Director Compensation

 Exhibit 10.19 

WESTELL TECHNOLOGIES, INC. 

SUMMARY OF DIRECTOR COMPENSATION 

(Effective May 5, 2010) 

The annual retainer for all non-employee directors is $40,000. Annual retainers for committee chairpersons are as follows: Chair of the
Audit Committee - $10,000; and Chair of the Compensation and Corporate Governance Committee - $10,000. Annual retainers for the members of committees are as follows: Member of the Audit Committee - $5,000; and Member of the Compensation and
Corporate Governance Committee - $5,000. There is not separate compensation for meeting attendance. In addition, all directors may be reimbursed for certain expenses incurred in connection with attendance at Board and committee meetings. Directors
who are employees of the Company do not receive additional compensation for service as directors. In addition, non-employee directors are eligible to receive awards under the 2004 Stock Incentive Plan. On a director’s initial appointment date,
non-employee directors are each granted 20,000 restricted shares, with 25% vesting on each annual anniversary date of the grant. On April 1 of each year, another 10,000 restricted shares shall be granted to each non-employee director with 25%
vesting on each annual anniversary of their respective grant dates.Form of Non-Employee Director Restricted Stock Award

 Exhibit 10.20 

INDEPENDENT DIRECTOR RESTRICTED STOCK AWARD 

THIS STOCK AWARD (“Award”) is granted this              day
of     , 20             by Westell Technologies, Inc., a Delaware corporation (“Westell Technologies”) to
            (the “Director”). 
 WHEREAS,
Westell Technologies is of the opinion that its interests will be advanced by granting Director a proprietary interest in Westell Technologies, thus providing Director with a more direct stake in Westell Technologies’ welfare and creating a
closer relationship between Director’s interests and those of Westell Technologies; 
 NOW, THEREFORE, in consideration of
services rendered to Westell Technologies by the Director and the services and other conditions required hereunder, Westell Technologies hereby grants this Award to Director pursuant to the WESTELL TECHNOLOGIES, INC. 2004 STOCK INCENTIVE PLAN on the
terms expressed herein. 
 1. Stock Award. Westell Technologies hereby grants to Director an award of
             (            ) shares of Class A common stock of Westell Technologies (the “Award Shares”),
subject to the forfeiture and nontransferability provisions set forth in Sections 2 and 3, respectively, and the other terms and conditions set forth herein. 

2. Restrictions. Except for such proportions as shall have been released pursuant to Section 4 from the forfeiture period set
forth in Section 3, the Director shall not sell, assign, transfer, convey, pledge, hypothecate, encumber, donate or otherwise dispose of any of the Award Shares under any conditions (and any disposition or attempted disposition shall be void
and of no force or effect whatsoever) until             , at which time the Award Shares shall be released from the restrictions herein if the Director is then a member of the board
of directors of Westell Technologies. 
 3. Forfeiture. Except for such vesting as may occur pursuant to Section 4
below, if Director’s position as a member of the board of directors of Westell Technologies terminates prior to             , for any reason, whether such termination is
voluntary or involuntary and whether it occurs by reason of resignation, expiration of term without reelection, removal, or otherwise, any Award Shares not yet vested shall be immediately forfeited and returned to Westell Technologies without any
payment or other consideration for the shares. In connection therewith, Director has executed and delivered to Westell Technologies stock powers endorsed in blank and grants Westell Technologies an irrevocable power of attorney to transfer forfeited
Award Shares to Westell Technologies. 
 4. Vesting. (a) On
            , 25% of the Award Shares shall become vested and nonforfeitable if Director is then a member of the board of directors of Westell Technologies. 

(b) On             , an additional 25% of the Award Shares shall
become vested and nonforfeitable if Director is then a member of the board of directors Westell Technologies. 

 (c) On             , an
additional 25% of the Award Shares shall become vested and nonforfeitable if Director is then a member of the board of directors of Westell Technologies. 

(d) On             , the last 25% of the Award Shares shall become
vested and nonforfeitable if Director is then a member of the board of directors of Westell Technologies. 
 5. Legend.
Certificates representing the Award Shares (and any shares received in respect of the Award Shares as contemplated by Paragraph 7) shall bear a legend as follows: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN A RESTRICTED STOCK AWARD AGREEMENT BETWEEN
THE ISSUER AND THE HOLDER DATED             , A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE ISSUER’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.”

 6. Dividends. Director shall be entitled to receive and retain all dividends and other distributions paid on the Award
Shares granted under this Award that have not been forfeited except for stock dividends on unvested Award Shares (which shall be subject to Section 7). Director shall not be entitled to receive any dividends or other distributions on any Award
Shares that are paid after the Award Shares have been forfeited. 
 7. Adjustments and Certain Distributions. In the
event that, prior to the termination of the restrictions hereunder on all the Award Shares, Westell Technologies shall have effected one or more stock splits, stock dividends or other increases of its common stock outstanding without receiving
consideration therefore, all stock received by Director in respect of the Award Shares that are then subject to the restrictions and risk of forfeiture hereunder shall also be held subject to such restrictions and risk of forfeiture. In addition,
any stock or other securities of any Westell Technologies subsidiaries received by Director in respect of any Award Shares that are then subject to the restrictions and risk of forfeiture hereunder shall also be held subject to such restrictions and
risk of forfeiture. 
 8. Non-Transferability. This Award and the rights and privileges conferred by this Award are
personal to Director and shall not, until vested, be sold, assigned, transferred, conveyed, pledged, hypothecated, encumbered or donated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or
similar process. 
 9. Withholding Taxes. Under current law and based upon the status of Director as a nonemployee member
of the board of directors of Westell Technologies, lapse of restrictions does not create a withholding obligation. Should any change in law or Director’s status require withholding, the lapse of restrictions on the Award Shares is conditioned
on any applicable withholding taxes having been collected by lump sum payroll deduction or by direct payment by the Director to Westell Technologies. If Director does not make such payment when requested, Westell Technologies may refuse to deliver
the Award Shares and to remove the legend on the Award Shares unless and until arrangements satisfactory to Westell Technologies for such payment have been made. 

 IN WITNESS WHEREOF, Westell Technologies has caused this Award to be granted on the date first above
written. 
  

			
	Westell Technologies, Inc.
		
	By:	 	  

	Title	 	  

	
	ACCEPTED:
	  

 ASSIGNMENT SEPARATE FROM CERTIFICATE 

ASSIGNMENT OF RESTRICTED STOCK THAT HAS BEEN FORFEITED UNDER TERMS OF
                     STOCK AWARD 

FOR VALUE RECEIVED, the undersigned does hereby assign and transfer to Westell Technologies, Inc.,
                                         
    shares of Class A Common Stock of Westell Technologies, Inc., standing in the name of the undersigned on the books of the corporation represented by Certificate No.
                    , and does hereby irrevocably constitute and appoint
                    to transfer said stock on the books of the corporation with full power of substitution in the premises. 

 

			
		 	Dated:                     
		
		 	ACCEPTED:Form of Non-Employee Director Restricted Stock Award

 Exhibit 10.21 

WESTELL TECHNOLOGIES, INC. 

INDEPENDENT DIRECTOR RESTRICTED STOCK AWARD 

THIS STOCK AWARD (“Award”) is granted this      day of
                         by Westell Technologies, Inc., a Delaware corporation (“Westell Technologies”) to
                         (the “Director”). 

WHEREAS, Westell Technologies is of the opinion that its interests will be advanced by granting Director a proprietary interest in
Westell Technologies, thus providing Director with a more direct stake in Westell Technologies’ welfare and creating a closer relationship between Director’s interests and those of Westell Technologies; 

NOW, THEREFORE, in consideration of services rendered to Westell Technologies by the Director and the services and other conditions
required hereunder, Westell Technologies hereby grants this Award to Director pursuant to the Westell Technologies, Inc. 2004 Stock Incentive Plan (the “Plan”) on the terms expressed herein and in the Plan. 

1. Stock Award. Westell Technologies hereby grants to Director an award of
                    (            ) shares of Class A Common Stock of
Westell Technologies (the “Award Shares”), subject to the forfeiture and nontransferability provisions set forth in Sections 2 and 3, respectively, and the other terms and conditions set forth herein. 

2. Restrictions. Except for such proportions as shall have been released pursuant to Section 4 from the forfeiture period set
forth in Section 3, the Director shall not sell, assign, transfer, convey, pledge, hypothecate, encumber, donate or otherwise dispose of any of the Award Shares under any conditions (and any disposition or attempted disposition shall be void
and of no force or effect whatsoever) until                         , at which time the Award Shares shall be released
from the restrictions herein if the Director is then a member of the board of directors of Westell Technologies. 
 3.
Forfeiture. Except for such vesting as may occur pursuant to Section 4 below and as provided in Section 5, if Director’s position as a member of the board of directors of Westell Technologies terminates prior to
                    , for any reason, whether such termination is voluntary or involuntary and whether it occurs by reason of resignation,
expiration of term without reelection, removal, or otherwise, any Award Shares not yet vested shall be immediately forfeited and returned to Westell Technologies without any payment or other consideration for the shares. In connection therewith,
Director has executed and delivered to Westell Technologies stock powers endorsed in blank and grants Westell Technologies an irrevocable power of attorney to transfer forfeited Award Shares to Westell Technologies. 

4. Vesting. 

(a) On                     ,
25% of the Award Shares shall become vested and nonforfeitable if Director is then a member of the board of directors of Westell Technologies. 

(b) On                     ,
an additional 25% of the Award Shares shall become vested and nonforfeitable if Director is then a member of the board of directors Westell Technologies. 

(c) On                     ,
an additional 25% of the Award Shares shall become vested and nonforfeitable if Director is then a member of the board of directors of Westell Technologies. 

 (d) On
                        , the last 25% of the Award Shares shall become vested and nonforfeitable if Director is then a
member of the board of directors of Westell Technologies. 
 5. Change in Control. 

 

	 	(a)	Notwithstanding the provisions of Sections 2, 3 and 4 of this Award, in the event of a Triggering Event following a Change in Control, the Director will become
immediately vested in all of the Award Shares. 

  

	 	(b)	For purposes of this Agreement, “Change in Control” and “Triggering Event”, have the following meaning: 

 

	 	(i)	A “Change in Control” of Westell Technologies shall be deemed to have occurred as of the first day that any one or more of the following conditions shall have
been satisfied: 

  

	 	(A)	the consummation of the purchase by any person, entity or group of persons, within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as
amended, except the Voting Trust (together with its affiliates) formed pursuant to the Voting Trust Agreement dated February 23, 1994, as amended, among Robert C. Penny III and Melvin J. Simon, as co-trustees, and certain members of the Penny
family and the Simon family, of ownership of shares representing more than 50% of the combined voting power of the Company’s voting securities entitled to vote generally (determined after giving effect to the purchase);

  

	 	(B)	a reorganization, merger or consolidation of Westell Technologies, in each case, with respect to which persons who were shareholders of Westell Technologies immediately
prior to such reorganization, merger or consolidation do not, immediately thereafter, own 50% or more of the combined voting power entitled to vote generally of Westell Technologies or the surviving or resulting entity (as the case may be); or

  

	 	(C)	a sale of all or substantially all of Westell Technologies’ assets, except that a Change in Control shall not exist under this clause (c) if Westell
Technologies or persons who were shareholders of Westell Technologies immediately prior to such sale continue to collectively own 50% or more of the combined voting power entitled to vote generally of the acquirer. 

 

	 	(ii)	A “Triggering Event” shall be deemed to have occurred if the Director’s service to Westell Technologies or its successor terminates [within two
(2) years] of a Change in Control. 

 6. Legend. Certificates representing the Award Shares (and any
shares received in respect of the Award Shares as contemplated by Paragraph 8 and the adjustment provision in the Plan) shall bear a legend as follows: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN A RESTRICTED STOCK AWARD AGREEMENT BETWEEN
THE ISSUER AND THE HOLDER DATED                     ,. A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE ISSUER’S
PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.” 
  

 2 

 7. Dividends. Director shall be entitled to receive and retain all dividends and
other distributions paid on the Award Shares granted under this Award that have not been forfeited except for stock dividends on unvested Award Shares (which shall be subject to Section 8). Director shall not be entitled to receive any
dividends or other distributions on any Award Shares that are paid after the Award Shares have been forfeited. 
 8.
Adjustments and Certain Distributions. In the event that, prior to the termination of the restrictions hereunder on all the Award Shares, Westell Technologies shall have effected one or more stock splits, stock dividends or other increases of
its common stock outstanding without receiving consideration therefore, all stock received by Director in respect of the Award Shares that are then subject to the restrictions and risk of forfeiture hereunder shall also be held subject to such
restrictions and risk of forfeiture. In addition, any stock or other securities of any Westell Technologies subsidiaries received by Director in respect of any Award Shares that are then subject to the restrictions and risk of forfeiture hereunder
shall also be held subject to such restrictions and risk of forfeiture. 
 9. Non-Transferability. This Award and the
rights and privileges conferred by this Award are personal to Director and shall not, until vested, be sold, assigned, transferred, conveyed, pledged, hypothecated, encumbered or donated in any way (whether by operation of law or otherwise) and
shall not be subject to execution, attachment or similar process. 
 10. Withholding Taxes. Under current law and based
upon the status of Director as a nonemployee member of the board of directors of Westell Technologies, lapse of restrictions does not create a withholding obligation. Should any change in law or Director’s status require withholding, the lapse
of restrictions on the Award Shares is conditioned on any applicable withholding taxes having been collected by lump sum payroll deduction or by direct payment by the Director to Westell Technologies. If Director does not make such payment when
requested, Westell Technologies may refuse to deliver the Award Shares and to remove the legend on the Award Shares unless and until arrangements satisfactory to Westell Technologies for such payment have been made. 

IN WITNESS WHEREOF, Westell Technologies has caused this Award to be granted on the date first above written. 

 

			
	Westell Technologies, Inc.
		
	By:	 	  

	Title	 	  

 

			
	ACCEPTED:
	
	  

 

 3 

 ASSIGNMENT SEPARATE FROM CERTIFICATE 

ASSIGNMENT OF RESTRICTED STOCK THAT HAS BEEN FORFEITED UNDER TERMS OF
                        ,             , STOCK AWARD

 FOR VALUE RECEIVED, the undersigned does hereby assign and transfer to Westell Technologies, Inc.,
                                        
shares of Class A Common Stock of Westell Technologies, Inc., standing in the name of the undersigned on the books of the corporation represented by Certificate No.
                    , and does hereby irrevocably constitute and appoint
                     to transfer said stock on the books of the corporation with full power of substitution in the premises. 

 

			
		 	Dated:                     
		
		 	ACCEPTED:
		
		 	  

  

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