Document:

<PAGE>
                                                                    EXHIBIT 10.1

                                                         Schedule 2 to Indenture

                        SEMIANNUAL SERVICER'S CERTIFICATE
    CENTERPOINT ENERGY TRANSITION BOND COMPANY, LLC (FORMERLY RELIANT ENERGY
                          TRANSITION BOND COMPANY LLC)
                  $748,897,000 TRANSITION BONDS, SERIES 2001-1

Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement
   (the "Agreement"), dated as of October 24, 2001, between CenterPoint Energy
Houston Electric, LLC (formerly Reliant Energy, Incorporated), as Servicer, and
    CenterPoint Energy Transition Bond Company, LLC (formerly Reliant Energy
  Transition Bond Company LLC), as Issuer, the Servicer does hereby certify as
                                    follows:

   Capitalized terms used in this Semiannual Servicer's Certificate have their
respective meanings as set forth in the Agreement. References herein to certain
     sections and subsections are references to the respective sections and
                          subsections of the Agreement.

          Collection Periods: March 15, 2004 through September 14, 2004
                        Payment Date: September 15, 2004
                        Today's Date: September 14, 2004

<TABLE>
<S>                                                                                  <C>               <C>
1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR CURRENT PAYMENT DATE:
     i.     Remittances for the March 15 through 31, 2004 Collection Period           3,318,449.54
     ii.    Remittances for the April 1 through 30, 2004 Collection Period            4,808,306.10
     iii.   Remittances for the May 1 through 31, 2004 Collection Period              3,753,820.03
     iv.    Remittances for the June 1 through 30, 2004 Collection Period             6,257,722.54
     v.     Remittances for the July 1 through 31, 2004 Collection Period             6,038,984.88
     vi.    Remittances for the August 1 through 31, 2004 Collection Period           6,667,766.14
     vii.   Remittances for the September 1 through 14, 2004 Collection Period        3,744,099.98
     viii.  Net Earnings on Collection Account                                          142,712.31     [3/1/04 through 8/31/04]
                                                                                     -------------
     ix.    General Subaccount Balance (sum of i through viii above)                 34,731,861.52

     x.     Reserve Subaccount Balance as of Prior Payment Date                       7,838,509.25
     xi.    Overcollateralization Subaccount Balance as of Prior Payment Date           780,101.04
     xii.   Capital Subaccount Balance as of Prior Payment Date                       3,744,485.00
                                                                                     -------------
     xiii.  Collection Account Balance (sum of ix through xii above)                 47,094,956.81
                                                                                     =============
</TABLE>

<TABLE>
<S>                                                                                 <C>
2. OUTSTANDING AMOUNTS AS OF PRIOR PAYMENT DATE:

     i.     Class A-1 Principal Balance                                              69,167,503.00
     ii.    Class A-2 Principal Balance                                             118,000,000.00
     iii.   Class A-3 Principal Balance                                             130,000,000.00
     iv.    Class A-4 Principal Balance                                             385,897,000.00
                                                                                    --------------
     v.     Aggregate Principal Balance of all Series 2001-1 Transition Bonds       703,064,503.00
                                                                                    ==============
</TABLE>

<TABLE>
<CAPTION>
3. REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:
                                                                                  Projected
                                                                                  Principal          Semiannual
       Series 2001-1 Principal                                                     Balance          Principal Due
       -----------------------                                                 --------------      --------------
<S>                                                                            <C>                 <C>
i.     Class A-1                                                                41,982,542.00      27,184,961.00
ii.    Class A-2                                                               118,000,000.00               0.00
iii.   Class A-3                                                               130,000,000.00               0.00
iv.    Class A-4                                                               385,897,000.00               0.00
                                                                               --------------      -------------
v.     For all Series 2001-1 Transition Bonds                                  675,879,542.00      27,184,961.00
                                                                               ==============      =============
</TABLE>

<TABLE>
<CAPTION>
                                            Transition         Days in
                                               Bond           Interest
                                           Interest Rate      Period (1)    Interest Due
                                           -------------     -----------    ------------
<S>                                        <C>               <C>            <C>
vi.    Required Class A-1 Interest             3.840%           180          1,328,016.06
vii.   Required Class A-2 Interest             4.760%           180          2,808,400.00
viii.  Required Class A-3 Interest             5.160%           180          3,354,000.00
ix.    Required Class A-4 Interest             5.630%           180         10,863,000.55
</TABLE>

(1) On 30/360 Day basis.

<PAGE>

<TABLE>
<CAPTION>
                                                                                 Funding
                                                     Required Level              Required
                                                     --------------              --------
<S>                                                  <C>                        <C>
x.     Overcollateralization Subaccount                936,121.25               156,020.21
xi.    Capital Subaccount                            3,744,485.00                     0.00
</TABLE>

<TABLE>
<S>                                                                                                   <C>
4. ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO SECTION 8.02(d) OF INDENTURE:
     i.     Trustee Fees and Expenses                                                                       0.00
     ii.    Servicing Fee                                                                             187,224.25(1)
     iii.   Administration Fee and Independent Managers Fee                                            50,000.00(2)
     iv.    Operating Expenses                                                                         41,222.00(3)
     v.     Semiannual Interest (including any past-due Semiannual Interest for prior periods)
</TABLE>

<TABLE>
<CAPTION>
                                                                                    Per $1,000
                                                                                    of Original
Series 2001-1                                           Aggregate                 Principal Amount
-------------                                           ---------                 ----------------
<S>                                                   <C>                         <C>
1. Class A-1 Interest Payment                          1,328,016.06                    11.55
2. Class A-2 Interest Payment                          2,808,400.00                    23.80
3. Class A-3 Interest Payment                          3,354,000.00                    25.80
4. Class A-4 Interest Payment                         10,863,000.55                    28.15
</TABLE>

<TABLE>
<CAPTION>
     vi. Principal Due and Payable as a result of Event of Default or on Final Maturity Date
                                                                                        Per $1,000
                                                                                        of Original
Series 2001-1                                                   Aggregate            Principal Amount
-------------                                                   ---------            ----------------
<S>                                                             <C>                  <C>
1. Class A-1 Principal Payment                                    0.00                     0.00
2. Class A-2 Principal Payment                                    0.00                     0.00
3. Class A-3 Principal Payment                                    0.00                     0.00
4. Class A-4 Principal Payment                                    0.00                     0.00
</TABLE>

<TABLE>
<CAPTION>
     vii.   Semiannual Principal
                                                                                   Per $1,000
                                                                                  of Original
Series 2001-1                                            Aggregate              Principal Amount
-------------                                          -------------            ----------------
<S>                                                    <C>                      <C>
1. Class A-1 Principal Payment                         27,184,961.00                   236.39
2. Class A-2 Principal Payment                                  0.00                     0.00
3. Class A-3 Principal Payment                                  0.00                     0.00
4. Class A-4 Principal Payment                                  0.00                     0.00
</TABLE>

<TABLE>
<S>                                                                         <C>
viii.  Amounts Payable to Credit Enhancement Providers (if applicable)       N/A
ix.    Operating Expenses not Paid under Clause (iv) above                  0.00
x.     Funding of Capital Subaccount (to required level)                    0.00
xi.    Funding of Overcollateralization Subaccount (to required level)      0.00
xii.   Net Earnings in Capital Subaccount Released to Issuer                0.00
xiii.  Deposits to Reserve Subaccount                                       0.00
xiv.   Released to Issuer upon Series Retirement: Collection Account        0.00
</TABLE>

(1)   Servicing fee: $748,897,000 x .05% x 180/360 = $187,224.25

(2)   Administration fee: $50,000 x 180/180 = $50,000.00

(3)   Reimbursement to Administrator for fees/expenses paid to independent
      accountants ($27,000.00), outside legal counsel ($8,799.00) and printer
      ($5,423.00)

<PAGE>

<TABLE>
<S>                                                                                        <C>
5. SUBACCOUNT WITHDRAWALS AS OF CURRENT PAYMENT DATE
   (IF APPLICABLE, PURSUANT TO SECTION 8.02(e) OF INDENTURE):
     i.     Reserve Subaccount (available for 4.i. through 4.xii.)                          7,838,509.25
     ii.    Overcollateralization Subaccount (available for 4.i. through 4.ix.)               780,101.04
     iii.   Capital Subaccount (available for 4.i. through 4.ix.)                           2,466,352.05
                                                                                           -------------
     iv.    Total Withdrawals                                                              11,084,962.34
                                                                                           =============
</TABLE>

<TABLE>
<CAPTION>
6. OUTSTANDING AMOUNT AND COLLECTION ACCOUNT BALANCE AS OF CURRENT PAYMENT DATE
    (AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):

       Series 2001-1
       -------------
<S>                                                                                  <C>
i.     Class A-1 Principal Balance                                                    41,982,542.00
ii.    Class A-2 Principal Balance                                                   118,000,000.00
iii.   Class A-3 Principal Balance                                                   130,000,000.00
iv.    Class A-4 Principal Balance                                                   385,897,000.00
                                                                                     --------------
v.     Aggregate Principal Balance for all Series 2001-1 Transition Bonds            675,879,542.00
                                                                                     ==============

vi.    Reserve Subaccount Balance                                                              0.00
vii.   Overcollateralization Subaccount Balance                                                0.00
viii.  Capital Subaccount Balance                                                      1,278,132.95
                                                                                     --------------
ix.    Aggregate Collection Account Balance                                            1,278,132.95
                                                                                     ==============
</TABLE>

<TABLE>
<CAPTION>
7. SHORTFALLS IN INTEREST AND PRINCIPAL PAYMENTS AS OF CURRENT PAYMENT DATE
(AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):
     i.     Semiannual Interest
            Series 2001-1
            -------------
<S>                                                                                   <C>
1. Class A-1 Bond Interest Payment                                                    0.00
2. Class A-2 Bond Interest Payment                                                    0.00
3. Class A-3 Bond Interest Payment                                                    0.00
4. Class A-4 Bond Interest Payment                                                    0.00
</TABLE>

<TABLE>
<CAPTION>
     ii.    Semiannual Principal
            Series 2001-1
            -------------
<S>                                                                                   <C>
1. Class A-1 Principal Payment                                                        0.00
2. Class A-2 Principal Payment                                                        0.00
3. Class A-3 Principal Payment                                                        0.00
4. Class A-4 Principal Payment                                                        0.00
</TABLE>

<TABLE>
<S>                                                                                        <C>
8. SHORTFALLS IN REQUIRED SUBACCOUNT LEVELS AS OF CURRENT PAYMENT DATE
(AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):
     i. Overcollateralization Subaccount                                                     936,121.25
     ii. Capital Subaccount                                                                2,466,352.05
</TABLE>

      IN WITNESS HEREOF, the undersigned has duly executed and delivered this
      Semiannual Servicer's Certificate this 14th day of September, 2004.

      CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
      (formerly RELIANT ENERGY, INCORPORATED), as Servicer

      by: /s/ Marc Kilbride
          ----------------------------------------
          Marc Kilbride
          Vice President and Treasurerexv10w35

 

Exhibit 10.35

LCC INTERNATIONAL, INC.

AMENDED AND RESTATED EQUITY INCENTIVE PLAN

NON-INCENTIVE STOCK OPTION AGREEMENT

TERMS AND CONDITIONS

     This Non-Incentive Stock Option Agreement Terms and Conditions sets forth
certain of the terms and conditions of the option grant made by LCC
International, Inc., a Delaware corporation (the “Company”), to each person who
has executed a grant letter (the “Grant Letter”) on or after August    , 2004
(an “Optionee”). (These Non-Incentive Terms and Conditions and the Grant
Letter are collectively referred to herein as the “Stock Option Agreement”).

     WHEREAS, the Company has duly adopted the LCC International, Inc. Amended
and Restated Equity Incentive Plan (the “Plan”), which Plan authorizes the
Company to grant to eligible individuals options for the purchase of shares of
the Company’s Class A Common Stock, par value $.01 per share (the “Stock”); and

     WHEREAS, the Company has determined that it is desirable and in its best
interests to grant to the Optionee, pursuant to the Plan, an option to purchase
a certain number of shares of Stock, in order to provide the Optionee with an
incentive to advance the interests of the Company and any Affiliate thereof;

     NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto do hereby agree as follows:

     1. GRANT OF OPTION

     Subject to the terms of the Plan, the Company hereby grants to the
Optionee the right and option (the “Option”) to purchase from the Company, on
the terms and subject to the conditions set forth in the Plan and in this Stock
Option Agreement, the number of shares of Stock set forth in the Grant Letter.
This Option shall not constitute an incentive stock option within the meaning
of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).
The date of grant of this Option is the date set forth as the Date of Grant in
the Grant Letter, and is the date on which the grant of the Option was approved
by the Compensation and Stock Option Committee of the Board of Directors of the
Company (the “Committee”).

 

 

     2. PARACHUTE LIMITATIONS

     Notwithstanding any other provision of the Stock Option Agreement or
of any other agreement, contract, or understanding heretofore or hereafter
entered into by the Optionee with the Company or any Affiliate, except an
agreement, contract, or understanding hereafter entered into that expressly
modifies or excludes application of this paragraph (an “Other Agreement”), and
notwithstanding any formal or informal plan or other arrangement for the direct
or indirect provision of compensation to the Optionee (including groups or
classes of Optionees or beneficiaries of which the Optionee is a member),
whether or not such compensation is deferred, is in cash, or is in the form of
a benefit to or for the Optionee (a “Benefit Arrangement”), if the Optionee is
a “disqualified individual,” as defined in Section 280G(c) of the Code, any
Option, Restricted Stock or Stock Unit held by the Optionee and any right to
receive any payment or other benefit under this Stock Option Agreement shall
not become exercisable or vested (i) to the extent that such right to exercise,
vesting, payment, or benefit, taking into account all other rights, payments,
or benefits to or for the Optionee under the Stock Option Agreement, all Other
Agreements, and all Benefit Arrangements, would cause any payment or benefit to
the Optionee under this Stock Option Agreement to be considered a “parachute
payment” within the meaning of Section 280G(b)(2) of the Code as then in effect
(a “Parachute Payment”) and (ii) if, as a result of receiving a Parachute
Payment, the aggregate after-tax amounts received by the Optionee from the
Company under this Stock Option Agreement, all Other Agreements, and all
Benefit Arrangements would be less than the maximum after-tax amount that could
be received by the Optionee without causing any such payment or benefit to be
considered a Parachute Payment. In the event that the receipt of any such
right to exercise, vesting, payment, or benefit under this Stock Option
Agreement, in conjunction with all other rights, payments, or benefits to or
for the Optionee under any Other Agreement or any Benefit Arrangement would
cause the Optionee to be considered to have received a Parachute Payment under
this Stock Option Agreement that would have the effect of decreasing the
after-tax amount received by the Optionee as described in clause (ii) of the
preceding sentence, then the Optionee shall have the right, in the Optionee’s
sole discretion, to designate those rights, payments, or benefits under this
Stock Option Agreement, any Other Agreements, and any Benefit Arrangements that
should be reduced or eliminated so as to avoid having the payment or benefit to
the Optionee under this Stock Option Agreement be deemed to be a Parachute
Payment.

     3. TERMS OF PLAN

     The Option granted pursuant to this Stock Option Agreement is granted
subject to the terms and conditions set forth in the Plan. All terms and
conditions of the Plan are hereby incorporated into this Stock Option

 

 

Agreement by reference and shall be deemed to be part of this Stock Option Agreement,
without regard to whether such terms and conditions are not
otherwise set forth in this Stock Option Agreement. To the extent any
capitalized words used in this Stock Option Agreement are not defined, they
shall have the definitions stated for them in the Plan. In the event that
there is any inconsistency between the provisions of this Stock Option
Agreement and of the Plan, the provisions of the Plan shall govern.

     4. OPTION PRICE

     The purchase price (the “Option Price”) for each share subject to the
Option is the exercise price set forth in the Grant Letter.

     5. VESTING IN OPTIONS

     Except as otherwise provided in Section 10(f) or in the Grant Letter, the
Option becomes vested as to 1/3 of the shares purchasable pursuant to the
Option on the first anniversary of the Date of Grant (the first “Anniversary
Date”), if the Optionee has been providing services to the Company or any of
its Affiliates continuously from the Date of Grant to the Anniversary Date.
Thereafter, so long as continuous service has not been interrupted, the Option
becomes vested as to an additional 1/3 of the shares subject to the Option
after each of the next two Anniversary Dates, except as otherwise provided in
Section 10(f) or in the Grant Letter. Service for this purpose includes
service as an employee, director, advisor or consultant providing bona fide
services to the Company or any of its Affiliates. For purposes of this Stock
Option Agreement, termination of service would not be deemed to occur if the
Optionee, after terminating service in one capacity, continues to provide
service to the Company or any of its Affiliates in another capacity.
Termination of service is sometimes also referred to herein as termination of
employment or other relationship with the Company or any of its Affiliates.
The foregoing provisions are subject to any modifications set forth in the
Grant Letter.

     6. TERM AND EXERCISE OF OPTION

     (a) Term

     The Option shall terminate and all rights to purchase the shares
thereunder shall cease upon the expiration of ten years after the Grant Date,
unless terminated earlier pursuant to another provision of this Stock Option
Agreement.

 

 

     (b) Option Period and Limitations on Exercise

     The Optionee may exercise the Option (subject to the limitations on
exercise set forth in this Stock Option Agreement and in the Plan), to the
extent the Option is vested and has not terminated. Any limitation on the
exercise of an Option may be rescinded, modified or waived by the
Committee, in its sole discretion, at any time and from time to time after the
Grant Date of the Option, so as to accelerate the time at which the Option may
be exercised. The time at which the Option may be exercised will be
accelerated and the Option shall be exercisable, in whole or in part, at any
time and from time to time prior to termination of the Option after termination
of employment by reason of death of Optionee or “permanent and total
disability” (within the meaning of Section 22(e)(3) of the Code) of the
Optionee.

     (c) Limitations on Exercise of Option

     Notwithstanding the foregoing Sections, in no event may the Option be
exercised: (i) in whole or in part, after ten years following the Grant Date,
(ii) following termination of employment or other relationship for Cause (as
defined in the Plan), or (iii) following termination of employment or other
relationship except as provided in Sections 7(a), 7(b), and 7(c) below.

     (d) Method of Exercise

     The Option may be exercised to the extent that shares have become
exercisable hereunder by delivery to the Company on any business day, at its
principal office addressed to the attention of the Committee, of written notice
of exercise, which notice shall specify the number of shares for which the
Option is being exercised, and shall be accompanied by payment in full of the
Option Price of the shares for which the Option is being exercised. Payment of
the Option Price for the shares of Stock purchased pursuant to the exercise of
the Option shall be made: (i) in cash or by certified check payable to the
order of the Company; (ii) through the tender to the Company of shares of
Stock, which shares, if acquired from the Company, shall have been held for at
least six months at the time of tender and shall be valued, for purposes of
determining the extent to which the Option Price has been paid thereby, at
their Fair Market Value on the date of exercise; or (iii) by a combination of
the methods described in Sections 6(d)(i) and 6(d)(ii) hereof. Payment in full
of the Option Price need not accompany the written notice of exercise provided
the notice directs that the Stock certificate or certificates for the shares
for which the Option is exercised be delivered to a licensed broker acceptable
to the Company as the agent for the individual exercising the Option and, at
the time such Stock certificate or certificates are delivered, the broker
tenders to the Company cash (or cash equivalents acceptable to the Company)
equal to the Option Price plus the amount (if any) of federal and/or other
taxes which the Company may, in its judgment, be required to withhold

 

 

with respect to the exercise of the Option. An attempt to exercise any Option
granted hereunder other than as set forth above shall be invalid and of no
force and effect. Promptly after the exercise of an Option and the payment in
full of the Option Price of the shares of Stock covered thereby, the
Optionee shall be entitled to the issuance of a Stock certificate or
certificates evidencing such individual’s ownership of such shares. An
individual holding or exercising the Option shall have none of the rights of a
stockholder until the shares of Stock covered thereby are fully paid and issued
to such individual and, except as provided in Section 10 hereof, no adjustment
shall be made for dividends or other rights for which the record date is prior
to the date of such issuance.

     7. TERM AND EXERCISE OF OPTIONS

     (a) Termination of Employment or Other Relationship

     The Option shall remain exercisable for thirty (30) days following a
termination of the employment or other relationship of the Optionee with the
Company or any of its Affiliates, other than for Cause or by reason of the
death or “permanent and total disability” (within the meaning of Section
22(e)(3) of the Code), to the extent such Option was vested at the time of
termination. At the end of such thirty (30) day period, the Option shall
terminate unless notice is given exercising such Option, and such Optionee
shall have no further right to purchase shares pursuant to such Option. If the
termination of employment or other relationship is for Cause, the Option shall
terminate on the termination of employment or other relationship. Whether a
leave of absence or leave on military or government service shall constitute a
termination of employment or other relationship for purposes of this Stock
Option Agreement shall be determined by the Committee, which determination
shall be final and conclusive.

     (b) Rights in the Event of Death

     If the Optionee dies while employed by, or in the service of, the Company
or any of its Affiliates, the executors or administrators or legatees or
distributees of such Optionee’s estate shall have the right at any time within
180 days after the date of such Optionee’s death, and prior to termination of
the Option pursuant to Section 6(a) above, to exercise, in whole or in part,
any Option held by such Optionee at the date of such Optionee’s death, whether
or not such Option was exercisable immediately prior to such Optionee’s death.

     (c) Rights in the Event of Disability

     If the Optionee terminates employment or other relationship with the

 

 

Company or any of its Affiliates by reason of the “permanent and total
disability” (within the meaning of Section 22(e)(3) of the Code) of the
Optionee, then such Optionee shall have the right, at any time within 180 days
after such termination of employment or other relationship and prior to
termination of the Option pursuant to Section 6(a) above, to exercise, in
whole or in part, the Option held by such Optionee at the date of such
termination of employment or other relationship, whether or not such Option was
exercisable immediately prior to such termination of employment or other
relationship. Whether a termination of employment or other relationship is to
be considered by reason of “permanent and total disability” for purposes of
this Stock Option Agreement shall be determined by the Committee, which
determination shall be final and conclusive.

     8. TRANSFERABILITY.

     During your lifetime, only you (or, in the event of your legal incapacity
or incompetency, your guardian or legal representative) may exercise the
Option. You may not transfer or assign this Option. For instance, you may not
sell this Option or use it as security for a loan. If you attempt to do any of
these things, this Option will immediately become invalid. You may, however,
dispose of this Option in your will or this Option may be transferred upon your
death by the laws of descent and distribution. In addition, you may transfer
this Option in accordance with Section 8.10 of the Plan subject to the terms
and conditions contained in this Agreement (including the vesting conditions)
by gift to one or more or your Family Members or to any other entity referred
to in Section 8.10 in which Family Members (or you) own more than 50% of the
voting interests.

     Except to the extent you have transferred your Option to a Family Member
or an entity controlled by you or Family Members in accordance with the
preceding paragraph, regardless of any marital property settlement agreement,
the Company is not obligated to honor a notice of exercise from your spouse,
nor is the Company obligated to recognize your spouse’s interest in your Option
in any other way.

     9. REQUIREMENTS OF LAW

     The Company shall not be required to sell or issue any securities under
the Option if the sale or issuance of such securities would constitute a
violation by the Optionee, the individual exercising the Option, or the Company
of any provisions of any law or regulation of any governmental authority,
including without limitation any federal or state securities laws or
regulations. If at any time the Company shall determine, in its discretion,
that the listing, registration or qualification of any securities subject to
the Option upon any securities exchange or under any governmental regulatory

 

 

body is necessary or desirable as a condition of, or in connection with, the
issuance or purchase of securities hereunder, the Option may not be exercised
in whole or in part unless such listing, registration, qualification, consent
or approval shall have been effected or obtained free of any conditions not
acceptable to the Company, and any delay caused thereby shall in no way
affect the date of termination of the Option. Specifically in connection with
the 1933 Act, upon the exercise of the Option, unless a registration statement
under such act is in effect with respect to the securities covered by the
Option, the Company shall not be required to sell or issue such securities
unless the Committee has received evidence satisfactory to it that the holder
of such Option may acquire such securities pursuant to an exemption from
registration under such act. Any determination in this connection by the
Committee shall be final, binding, and conclusive. The Company may, but shall
in no event be obligated to, register any securities covered hereby pursuant to
the 1933 Act. The Company shall not be obligated to take any affirmative
action in order to cause the exercise of the Option or the issuance of
securities pursuant thereto to comply with any law or regulation of any
governmental authority. As to any jurisdiction that expressly imposes the
requirement that the Option shall not be exercisable until the securities
covered by such Option are registered or are exempt from registration, the
exercise of such Option (under circumstances in which the laws of such
jurisdiction apply) shall be deemed conditioned upon the effectiveness of such
registration or the availability of such an exemption.

     10. EFFECT OF CHANGES IN CAPITALIZATION

     (a) Changes in Stock

     If the number of outstanding shares of Stock is increased or decreased or
the shares of Stock are changed into or exchanged for a different number or
kind of shares or other securities of the Company on account of any
recapitalization, reclassification, stock split, reverse split, combination of
shares, exchange of shares, stock dividend or other distribution payable in
capital stock, or other increase or decrease in such shares effected without
receipt of consideration by the Company occurring after the grant date, the
number and kind of shares subject to this Stock Option Agreement shall be
adjusted proportionately and accordingly so that the proportionate interest of
the Optionee immediately following such event shall, to the extent practicable,
be the same as immediately before such event. Any such adjustment in Option
shall not change the aggregate Option Price payable with respect to shares that
are subject to the unexercised portion of the Option, but shall include a
corresponding proportionate adjustment in the Option Price per share. The
conversion of any convertible securities of the Company shall not be treated as
an increase in shares effected without

 

 

receipt of consideration. Notwithstanding the foregoing, in the event of any distribution
to the Company’s stockholders of securities of any other entity or other assets
without receipt of consideration by the Company, the Company may, in such
manner as the Company deems appropriate, adjust (i) the number and kind of
shares subject to this Stock Option Agreement and/or
(ii) the exercise price for the Option to reflect such distribution.

     (b) Reorganization
in Which the Company Is the Surviving Company

     Subject to Section 10(c) hereof, if the Company shall be the surviving
entity in any reorganization, merger, or consolidation of the Company with one
or more other entities which does not constitute a Corporate Transaction, this
Option shall pertain to and apply to the securities to which a holder of the
number of shares of Stock subject to the Option would have been entitled
immediately following such reorganization, merger, or consolidation, with a
corresponding proportionate adjustment of the Option Price per share so that
the aggregate Option Price thereafter shall be the same as the aggregate Option
Price of the shares remaining subject to the Option immediately prior to such
reorganization, merger, or consolidation. Subject to any contrary language in
this Stock Option Agreement, any restrictions applicable to this Option shall
apply as well to any replacement shares received by the Optionee as a result of
the reorganization, merger or consolidation.

     (c) Corporate Transaction.

          In the event of a Corporate Transaction, subject to the exceptions set
forth in the last sentence of this Section 10(c) and the last sentence of
Section 10(d) either of the following two actions shall be taken:

                (A) fifteen days prior to the scheduled consummation of a Corporate
Transaction, this Option shall become immediately exercisable and shall remain
exercisable for a period of fifteen days, or:

                (B) the Board may elect, in its sole discretion, to cancel this Option pay
or deliver, or cause to be paid or delivered, to the Optionee an amount in cash
or securities having a value (as determined by the Board acting in good faith),
equal to the product of the number of shares of Stock subject to the Option
(the “Award Shares”) multiplied by the amount, if any, by which (I) the formula
or fixed price per share paid to holders of shares of Stock pursuant to such
transaction exceeds (II) the Option Price applicable to such shares.

          With respect to the Company’s establishment of an exercise window, (i) any
exercise of the Option during such fifteen-day period shall be

 

 

conditioned upon the consummation of the event and shall be effective only immediately before
the consummation of the event, and (ii) upon consummation of any Corporate
Transaction the outstanding but unexercised Option shall terminate. The Board
shall send written notice of an event that will result in such a termination to
the Optionee no later than the time at which the Company gives notice thereof
to its stockholders.

          This Section 10(c) shall not apply to any Corporate Transaction to the
extent that provision is made in writing in connection with such Corporate
Transaction for the assumption or continuation of the Option, or for the
substitution for such Option, of new common stock options relating to the stock
of a successor entity, or a parent or subsidiary thereof, with appropriate
adjustments as to the number of shares (disregarding any consideration that is
not common stock) and Option Price, in which event this Option shall continue
in the manner and under the terms so provided.

     (d) Adjustments

     Adjustments under this Section 10 related to stock or securities of the
Company shall be made by the Board, whose determination in that respect shall
be final, binding, and conclusive. No fractional shares of Stock or units of
other securities shall be issued pursuant to any such adjustment, and any
fractions resulting from any such adjustment shall be eliminated in each case
by rounding downward to the nearest whole share or unit.

     (e) No Limitations on Company

     The grant of the Option shall not affect or limit in any way the right or
power of the Company to make adjustments, reclassifications, reorganizations,
or changes of its capital or business structure or to merge, consolidate,
dissolve, or liquidate, or to sell or transfer all or any part of its business
or assets.

     (f) Change In Control

     Unless otherwise provided in the Grant Letter, to the extent it remains
outstanding and unexercised, the Option shall be deemed to have vested in full
immediately prior to the occurrence of a Change in Control. Any termination of
the Option in connection with a Change of Control, the period during which the
Option may be exercised prior to such termination, and the required notice to
be provided by the Company to the Optionee prior to such termination shall be
determined according to Section 10(c) above.

 

 

     11. DISCLAIMER OF RIGHTS

     No provision in this Stock Option Agreement shall be construed to confer
upon any individual the right to remain in the employ or service of the Company
or any of its Affiliates, or to interfere in any way with any contractual or
other right or authority of the Company or any of its Affiliates either to
increase or decrease the compensation or other payments to any individual at
any time, or to terminate any employment or other relationships between any
individual and the Company or any of its Affiliates. In addition,
notwithstanding anything contained in the Plan to the contrary,
the Option shall not be affected by any change of duties or position of
the Optionee (including a transfer to or from the Company or any of its
Affiliates), so long as such Optionee continues to be an employee, or otherwise
in the service of, the Company or any of its Affiliates.

     12. FORFEITURE OF RIGHTS

     The Company at any time shall have the right to cause a forfeiture of the
rights of the Optionee on account of the Optionee taking actions in competition
with the Company. Unless otherwise specified in an employment or other
agreement between the Company and the Optionee, the Optionee takes actions in
competition with the Company if he or she directly or indirectly owns any
interest in, operates, joins, controls or participates as a partner, director,
principal, officer, or agent of, enters into the employment of, acts as a
consultant to, or performs any services for, any entity which has material
operations which compete with any business in which the Company or any of its
Subsidiaries is engaged during the Optionee’s employment or other relationship
with the Company or any of its Affiliates or at the time of the Optionee’s
termination of employment or other relationship.

     13. CAPTIONS

     The use of captions in this Stock Option Agreement is for the convenience
of reference only and shall not affect the meaning of any provision of such
Stock Option Agreement.

     14. WITHHOLDING OF TAXES

     The Company shall have the right to deduct from payments of any kind
otherwise due to an Optionee any federal, state, or local taxes of any kind
required by law to be withheld with respect to any payments, distributions and
property transferred under this Stock Option Agreement. At the time of
exercise, the Optionee shall pay to the Company any amount that the Company may
reasonably determine to be necessary to satisfy such withholding obligation.

 

 

     15. SEVERABILITY

     If any provision of the Plan or this Stock Option Agreement shall be
determined to be illegal or unenforceable by any court of law in any
jurisdiction, the remaining provisions thereof and hereof shall be severable
and enforceable in accordance with their terms, and all provisions shall remain
enforceable in any other jurisdiction.

     16. INTERPRETATION OF THIS STOCK OPTION AGREEMENT

     All decisions and interpretations made by the Company or the Committee
with regard to any question arising under the Plan or this Stock Option
Agreement shall be final, binding and conclusive on the Company and the
Optionee and any other person entitled to exercise the Option as provided for
herein.

     17. GOVERNING LAW

     The validity and construction of this Stock Option Agreement shall be
governed by the laws of the State of Delaware but not including the choice of
law rules thereof.

     18. BINDING EFFECT

     Subject to all restrictions provided for in this Stock Option Agreement
and the Plan and by applicable law limiting assignment and transfer of this
Stock Option Agreement and the Option provided for herein, the Grant Letter and
this Stock Option Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors, and assigns.

     19. NOTICE

     Except as otherwise provided in the Grant Letter, all notices or other
communications which may be or are required to be given by any party to any
other party pursuant to this Stock Option Agreement shall be in writing and
shall be mailed by first-class, registered or certified mail, return receipt
requested, postage prepaid, or transmitted by hand delivery, or telecopier
(fax), addressed as follows:

     If to the Company:

     LCC International, Inc.

     7925 Jones Branch Drive

     McLean, Virginia 22102

     Attention: Compensation & Stock Option Committee

     Telecopy: (703) 243-8779

 

 

     If to the Optionee:

     At the address set forth below under the Optionee’s name at the foot of the Grant Letter.

     Each party may designate by notice in writing a new address to which any
notice or other communication may thereafter be so given. Each notice or other
communication which shall be mailed, delivered or transmitted in
the manner described above, shall be deemed sufficiently given for all
purposes at such time as it is delivered to the addressee with the return
receipt, the delivery receipt, the affidavit of personal courier or, with
respect to a telecopy, upon acknowledgment of receipt thereof and in all cases
at such time as delivery is refused by the addressee upon presentation.

     20. ENTIRE AGREEMENT

     This Stock Option Agreement and the Plan together constitute the entire
agreement and supersede all prior understandings and agreements, written or
oral, of the parties hereto with respect to the subject matter hereof. Neither
this Stock Option Agreement nor any term hereof may be amended, waived,
discharged or terminated except by a written instrument signed by the Company
and the Optionee; provided, however, that the Company unilaterally may waive
any provision hereof in writing to the extent that such waiver does not
adversely affect the interests of the Optionee hereunder, but no such waiver
shall operate as or be construed to be a subsequent waiver of the same
provision or a waiver of any other provision hereof.

 

 

MEMORANDUM

	 	 	 
	TO:
	 	 
	 
	 	 
	FROM:

	 	Stock Plan Administration
	 
	 	 
	DATE:
	 	 
	 
	 	 
	SUBJECT:

	 	Annual Stock Option Grant
	
 

Pursuant to the terms of the Amended and Restated Equity Incentive Plan (the
“Plan”) of LCC International, Inc. (the “Company”), you have been
granted options to purchase _________ shares of the Company’s Class “A” Common
Stock. Your options were granted by the Board of Directors on _________ (the
“Grant Date”), and the exercise price is $_________ per share, the fair
market value of the underlying Class “A” Common Stock on the Grant Date.

Your options are subject to the Plan and Stock Option Agreement Terms and
Conditions (the “Option Terms and Conditions”) adopted by the Board.
The Option Terms and Conditions, the Plan Prospectus and the Plan (which is
attached to the Option Terms and Conditions) are available on the intranet at
link.lcc.com, and the terms of both the Plan and the Option Terms and
Conditions are incorporated by reference herein.

Your options vest in one-third increments on each of the first, second and
third anniversary of the Grant Date. Your options will remain in effect for a
period of ten years from the Grant Date, provided that you remain an employee
or director of the Company or one of its affiliated companies. Your options
will terminate automatically and without notice (i) thirty (30) days after the
termination of your service as an employee or director of the Company, other
than by reason of your death or disability, or (ii) one-hundred and eighty
(180) days after the termination of your service as an employee or director of
the Company as a result of your death or disability. If your service as an
employee or director of the Company is terminated as a result of your death or
disability, your options shall become 100% vested on the date of such
termination. If there is a “Change of Control” (as defined in the Plan), your
options shall become 100% vested immediately following the Change of Control.

You have the right to accept or decline the options granted to you. Please
indicate your decision by checking the ACCEPT or DECLINE box below, and sign
and return this form within 30 days to “Stock Plan Administration” at the
Company’s corporate

 

 

headquarters in McLean. Your acceptance means that you acknowledge having
reviewed, and that you agree to be bound by, the terms of the Plan, the Option
Terms and Conditions and this letter.

	 	 	 
	ACCEPT o

	 	DECLINE o

In addition to the foregoing, the Company hereby requests that you consent to
delivery to you of all prospectuses and other documents required to be
delivered to you by the Company in connection with the Plan and any options
granted to you under the Plan
(whether in the past, at present or in the future) under applicable securities
laws by posting such prospectuses and other documents on the Company Intranet
under Investor Relations/Option Plans. You may revoke this consent at any time
by notifying the Company in writing. The Company still has the right to deliver
such prospectuses or other documents to you in any other manner permitted under
applicable law. Moreover, you may obtain a paper copy of such prospectuses or
other documents by contacting the Company’s Human Resources Department.
Please indicate your decision by checking the CONSENT or DO NOT CONSENT box
below.

	 	 	 
	CONSENT o

	 	DO NOT CONSENT o

If you have any questions regarding the foregoing, please contact LCC Stock
Administration representatives Brady Kavulic 703.873.2691 or Trish Drennan
703.873.2390.

	 	 	 	 	 
	Director/Optionee:

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	

Print Name

	 	  	 	 
	 
	 	 	 	 
	
 

	 	
 	 	 
	Signature

	 	Date	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 
	 	 	 	 
	

	 	   	 	 

 

 

MEMORANDUM

	 	 	 
	TO:
	 	 
	 
	 	 
	FROM:

	 	Stock Plan Administration
	 
	 	 
	DATE:

	 	_________, 2004
	 
	 	 
	SUBJECT:

	 	2004 Annual Stock Option Grant
	
 

Congratulations! Based on recommendations made by your manager, The
Compensation and Stock Option Committee of the Board of Directors of LCC
International, Inc. (the “Company”), has granted you an option to purchase
shares of the Company’s Class “A” Common Stock at an exercise price of $_________
per share.

Your options were granted based upon your anticipated future contributions to
the Company and through this process we encourage you to think and act like an
owner of the Company.

Your options were granted on _________ (the “Date of Grant”) under, and are
subject to the terms and conditions of, the Company’s Amended and Restated
Equity Incentive Plan (the “Plan”) and the Non-Incentive Stock Option Agreement
Terms and Conditions (the “Option Terms and Conditions”) previously adopted by
the Board.

The first 1/3 of your option grant will vest (i.e., become exercisable)
on December 31, 2004. The second and third increments will vest in 1/3
increments on each of the second and third anniversary of the Date of Grant.
They will remain in effect for a period of ten years from the Date of Grant,
provided that you remain continuously employed by the Company or one of its
“Affiliates” (as defined in the Plan). Your options terminate automatically
and without notice: (a) immediately upon the termination of your employment by
the Company for “Cause” (as defined in the Plan), (b) thirty (30) days after
the termination of your employment by the Company other than for Cause or by
you for any reason, or (c) one-hundred and eighty (180) days after the
termination of your employment due to death or disability.

As a benefit, options granted to you by the Company are your sole
responsibility to manage and therefore, any and all tax implications based upon
your country of residence, your work location, or assignment location, become
your responsibility to report and pay, subject to the Company’s right to
withhold any federal, state, local or foreign tax payment that is required
relating to this grant and its exercise.

The Company’s Plan Prospectus, which outlines various features of the Plan and
the rights associated with your options, the Plan itself and the Option Terms
and Conditions, all can be found on the Company Intranet (LINK) under Inside
LCC/Stock Administration/Prospectuses and Plans. Please familiarize yourself
with these documents.

You have the right to accept or decline the options granted to you. Please
indicate your decision by checking the ACCEPT or DECLINE box below, and sign
and return this form to Stock Administration within 30 days. Your
acceptance means that you acknowledge having reviewed, and that you agree to be
bound by, the terms of the Plan, the Option Terms and Conditions and this
letter.

	 	 	 
	ACCEPT o

	 	DECLINE o

 

 

In addition to the foregoing, the Company hereby requests that you consent to
delivery to you of all prospectuses and other documents required to be
delivered to you by the Company in connection with the Plan and any options
granted to you under the Plan (whether in the past, at present or in the
future) under applicable securities laws by posting such prospectuses and other
documents on the Company Intranet under Investor Relations/Option Plans. You
may revoke this consent at any time by notifying the Company in writing. The
Company still has the right to deliver such prospectuses or other documents to
you in any other manner permitted under applicable law. Moreover, you may
obtain a paper copy of such prospectuses or other documents by contacting the
Company’s Human Resources Department. Please indicate your decision by
checking the CONSENT or DO NOT CONSENT box below.

	 	 	 
	CONSENT o
	 	DO NOT CONSENT o

If you have any questions regarding the foregoing, please contact Brady Kavulic
at 703-873-2691.

	 	 	 	 	 
	Again, congratulations.
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	

[Print Name]

	 	

[Date]
	 	 
	 
	 	 	 	 
	

[Signature]

	 	  	 	 
	 
	 	 	 	 
	Mailing Address:
 
	 	 	 	 
	
 	 	 

 

 

MEMORANDUM

	 	 	 
	TO:
	 	 
	 
	 	 
	FROM:

	 	Stock Plan Administration
	 
	 	 
	DATE:
	 	 
	 
	 	 
	SUBJECT:

	 	Stock Option Grant
	
 

Congratulations! In connection with the commencement of your employment, the
Compensation and Stock Option Committee, and the Board of Directors of LCC
International, Inc. (the “Company”), has granted you an option to purchase
________ shares of the Company’s Class “A” Common Stock at an exercise price of
$________ per share.

Your options were granted on ________ (the “Date of Grant”) under, and are
subject to the terms and conditions of, the Company’s Amended and Restated
Equity Incentive Plan (the “Plan”) and the Non-Incentive Stock Option Agreement
Terms and Conditions (the “Option Terms and Conditions”) previously adopted by
the Board.

The Option vests in 1/3 increments on each of the first, second and third
anniversary of the Date of Grant, provided, that, if there is a “Change of
Control” (as defined in the Plan) to the extent the Option remains outstanding
and unexercised, it shall be deemed to have vested in full immediately prior to
the occurrence of a Change in Control. Except as described in the following
sentences, the Option will remain in effect for a period of ten years from the
Date of Grant, provided that you remain continuously employed by the Company or
one of its “Affiliates” (as defined in the Plan). The Option terminates
automatically and without notice: (a) immediately upon the termination of your
employment by the Company for “Cause” (as defined in the Plan), (b) thirty (30)
days after the termination of your employment by the Company other than for
Cause or by you for any reason, or (c) one-hundred and eighty (180) days after
the termination of your employment due to death or disability. In addition,
unless the Option is assumed or otherwise substituted for by an acquiror or
successor company, the options granted under the Plan will terminate upon the
occurrence of any of the following events: (a) a dissolution or liquidation of
the Company, (b) a merger, consolidation or reorganization of the Company with
one or more other entities in which the Company is not the surviving entity,
(c) a sale of substantially all of the assets of the Company to another person
or entity or (d) any other transaction (including, without limitation, a merger
or reorganization in which the Company is the surviving entity) approved by the
Board that results in any person or entity (other than persons who are holders
of the stock of the Company at the time the Plan was approved the stockholders
of the Company and other than an Affiliate of the Company) owning 80 percent or
more of the combined voting power of all classes of stock of the Company.

As a benefit, options granted to you by the Company are your sole
responsibility to manage and therefore, any and all tax implications based upon
your country of residence, your work location, or assignment location, become
your responsibility to report and pay.

 

 

The Company’s Plan Prospectus, which outlines various features of the Plan and
the rights associated with your options, the Plan itself and the Option Terms
and Conditions, all can be found on the LINK under the HR tab/stock plans. Please familiarize yourself
with these documents.

You have the right to accept or decline the options granted to you. Please
indicate your decision by checking the ACCEPT or DECLINE box below, and sign
and return this form to Stock Administration within 30 days. Your
acceptance means that you acknowledge having reviewed, and that you agree to be
bound by, the terms of the Plan, the Option Terms and Conditions and this
letter.

	 	 	 
	ACCEPT o

	 	DECLINE o

In addition to the foregoing, the Company hereby requests that you consent to
delivery to you of all prospectuses and other documents required to be
delivered to you by the Company in connection with the Plan and any options
granted to you under the Plan (whether in the past, at present or in the
future) under applicable securities laws by posting such prospectuses and other
documents on the LINK under the HR tab/stock plans and notifying you of such
posting by email to your email address at the Company. You may revoke this
consent at any time by notifying the Company in writing. The Company still has
the right to deliver such prospectuses or other documents to you in any other
manner permitted under applicable law. Moreover, you may obtain a paper copy
of such prospectuses or other documents by contacting the Company’s Human
Resources Department. Please indicate your decision by checking the CONSENT
or DO NOT CONSENT box below.

	 	 	 
	CONSENT o

	 	DO NOT CONSENT o

If you have any questions regarding the foregoing, please contact Brady Kavulic
or Trish Drennan.

	 	 	 	 	 
	Again, congratulations.
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	

[Print Name]

	 	

[Date]
	 	 
	 
	 	 	 	 
	

[Signature]

	 	  	 	 
	 
	 	 	 	 
	Address:

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