Document:

ex10-a.htm

     

     

    Exhibit
10(a)

     

     

    SECOND
AMENDED AND RESTATED

     

     

    EMPLOYMENT
AGREEMENT

     

     

    SECOND AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (this “Agreement”) dated September
16, 2008 between Comtech Telecommunications Corp. (the “Company”) and Fred Kornberg
(“Kornberg”).

     

    Kornberg
is presently Chairman of the Board of Directors, President and Chief Executive
Officer of the Company and is employed pursuant to an amended and restated
employment agreement dated September 17, 2007, as amended (the “Prior
Agreement”).  The Company and Kornberg now desire to enter into
a further amended and restated employment agreement on the terms and conditions
set forth herein.

     

    Accordingly,
the Company and Kornberg hereby amend and restate the Prior Agreement to read in
its entirety as follows:

     

    1. The
Company hereby employs Kornberg as general manager and chief executive officer
of its business for the period (hereinafter referred to as the “Employment Period”) commencing
as of August 1, 2008 and, except as otherwise provided in Paragraph 6 hereof,
terminating at the close of business on July 31, 2011.  Kornberg shall
have supervision over the business and affairs of the Company and its
subsidiaries, shall report and be responsible only to the Board of Directors of
the Company, and shall have powers and authority superior to those of any other
officer or employee of the Company or any of its
subsidiaries.  Kornberg accepts such employment and agrees to devote
his full business time and effort to the business and affairs of the Company
and, subject to his election as such, to serve as a director and as Chairman of
the Board and President of the Company.  He shall not be required to
relocate his principal residence or to perform services which would make the
continuance of such residence inconvenient to him.  Except as
otherwise specifically provided herein, if Kornberg remains employed by the
Company following the expiration of the Employment Period, his employment with
the Company shall be “at will.”

     

    2. The
Company shall pay to Kornberg, for all services rendered by him during the
Employment Period, compensation as follows:

     

    (a) Salary
(“Base Salary”) at the
annual rate of $695,000, commencing as of August 1, 2008, plus such additional
amounts, if any, as the Board of Directors may from time to time determine,
payable in accordance with the Company’s current practice.  Once
increased, the Base Salary may not be decreased without Kornberg’s prior written
consent.

     

    (b) Incentive
compensation (“Incentive
Compensation”) for each fiscal year in which any part of the Employment
Period falls in an amount equal to 3.0% of the Company’s Pre-Tax Income for each
such fiscal year; provided, however, that (1) the amount payable under this
Paragraph 2(b) in respect of a completed fiscal year and paid at a time that
Kornberg remains employed shall be reduced such that the amount, together with
Base Salary

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      projected
to be payable in that fiscal year, will equal $1 million (references to
“Incentive Compensation” elsewhere in this Agreement refer to the amount
calculated without regard to this reduction); and (2) if the Employment
Period terminates earlier than at the end of a fiscal year, Incentive
Compensation shall be based upon the Company’s Pre-Tax Income for the then
current fiscal year through the date of termination of employment, but without
duplication of any payout of an annual incentive award authorized under the
Company's 2000 Stock Incentive Plan (the “2000 Plan”).  In
addition, Kornberg may receive from time to time, in the sole discretion of the
Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”),
additional incentive compensation, which may be intended to comply with the
“performance-based compensation” exception under Section 162(m) of the Internal
Revenue Code, under the 2000 Plan on such terms and conditions as determined by
the Compensation Committee.  For purposes of this Paragraph
2(b):

    

     

    (i) The
Company’s “Pre-Tax Income” for any fiscal year or period shall be the
consolidated earnings of the Company and its subsidiaries for such fiscal year
or period, as determined by the independent accounting firm employed by the
Company as its regular auditors in accordance with generally accepted accounting
principles applied on a consistent basis, before:

     

    (1) for
fiscal years prior to 2009:  (A) any extraordinary item, (B) provision
for federal, state or municipal income taxes thereon, (C) provision for any
Incentive Compensation payable to Kornberg hereunder, (D) any write-off of
in-process research and development acquired, (E) at the discretion of the
Compensation Committee, any non-recurring items, (F) any amortization of
intangibles relating to future acquisitions, and (G) any stock-based
compensation expense before income tax benefit under SFAS 123(R).

     

    (2) for
fiscal year 2009 and thereafter:  (A) any extraordinary item, (B)
stock-based compensation expense before income tax benefit under SFAS 123R, (C)
provision for federal, state or municipal income taxes thereon, (D) provision
for any Incentive Compensation payable to Kornberg hereunder, (E) costs
associated with exit or disposal activities under SFAS 146, (F) impairment loss
on Goodwill under SFAS 142, (G) expenses relating to a potential or
actual Change in Control (as defined in Section 14.2 of the 2000 Plan),
(H) expenses in connection with a purchase
business combination under EITF 95-3 or other accounting literature, (I) expenses associated with termination of
employees under FASB Staff Position FAS 146-1, (J) write-off
of purchased in-process research and development under FASB Interpretation No. 4
(FIN 4), (K) amortization of newly acquired intangibles with finite lives
relating to the acquisition of a trade or business, (L) any adjustment to income
before provision of income taxes as required by adoption of a new accounting
standard (M) at the discretion of the Committee, any non-recurring items, and
(N) any amortization of intangibles relating to future
acquisitions.

     

    (ii) Incentive
Compensation payable with respect to any fiscal year shall be paid in cash to
Kornberg.  Incentive Compensation payable under clause (1) of the
preamble of this Paragraph 2(b) shall be paid in the fiscal year following the
fiscal year to which 

     

     

    
      
        
        

      

      
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      it
relates promptly after completion of the Company’s audited year-end financial
statements for such fiscal year (but in any event by the end of that following
fiscal year) and at the same time as incentive compensation is paid to the other
most senior executive officers of the Company.  Incentive Compensation
payable under clause (2) of the preamble of this Paragraph 2(b) shall be paid on
the 60th day
after his termination of employment based on unaudited financial information for
the relevant period, subject to Paragraph 15(c).  If Kornberg
voluntarily terminates his employment with the Company other than as permitted
by Paragraph 6(b) of this Agreement, or if the Company terminates his employment
for “cause” as defined in Paragraph 6(a) hereof, Kornberg
shall forfeit his right to receive any Incentive Compensation accrued but unpaid
in accordance with this Paragraph 2(b)(ii).

    

     

    3. During
the Employment Period, Kornberg shall be entitled to participate in, and receive
benefits in accordance with, the Company’s employee benefit plans and programs
at the time maintained by the Company for its executives, subject to the
provisions of such plans and programs.  In addition, during the Employment Period, the Company
will provide Kornberg, at the Company’s expense, with an automobile similar to
the automobile currently furnished to Kornberg or, alternatively, a monthly
automobile allowance equal to an amount required to lease such an
automobile.

     

    4. During
the Employment Period, Kornberg shall be entitled to receive reimbursement for
all expenses reasonably incurred by him in connection with his duties hereunder
in accordance with the usual procedures of the Company.

     

    5.    
(a)  During
the Employment Period, Kornberg shall be entitled to annual reimbursement from
the Company of the cost of premiums paid by Kornberg to secure such life
insurance coverage on Kornberg’s life as Kornberg determines in his discretion;
provided that the Company’s maximum annual reimbursement obligation under this
Paragraph 5(a) shall be capped based on the annual cost of a customary term life
insurance policy with a maximum face amount of $3.5 million (or, if higher, five
times Kornberg’s then Base Salary) purchased for a five-year term for a
non-smoker at the same age as Kornberg as of the date hereof, such cost to be
determined within six months after the date hereof.  This benefit is
intended to be in addition to, and not in lieu of, any group life insurance
coverage provided by the Company.

     

    (b) In
addition to the insurance provided for in Paragraph 5(a) hereof, the Company, in
its discretion, and at its own cost and expense, may also obtain insurance
covering Kornberg’s life in such amount as it considers advisable, payable to
the Company, and Kornberg agrees to cooperate fully to enable the Company to
obtain such insurance.

     

    6. The
Employment Period may be earlier terminated only as follows:

     

    (a) By action
of the Board of Directors of the Company, upon notice to Kornberg, if during the
Employment Period Kornberg shall fail to render the services provided for
hereunder for a continuous period of 12 months because of his physical or mental
incapacity, or for “cause,” which shall mean (i) willful misconduct, gross
negligence, dishonesty, misappropriation, breach of fiduciary duty or fraud by
Kornberg with regard to the Company or any of its assets or businesses; (ii)
conviction of Kornberg or the pleading of nolo contendere with
regard to any felony or crime (for the purpose hereof, traffic violations and
misdemeanors 

     

     

    
      
        
        

      

      
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      shall not
be deemed to be a crime); or (iii) any material breach by Kornberg of the
provisions of this Agreement which is not cured within thirty days after written
notice to Kornberg of such breach from the Board of Directors of the
Company.

    

     

    (b) By
Kornberg, on thirty days notice to the Company within two years after a Change
in Control of the Company, as defined in Paragraph 7(d) hereof,
occurs.

     

    (c) By
Kornberg, voluntarily upon ninety days prior written notice other than under
Paragraph 6(b).

     

    7. If either
(A) Kornberg terminates the Employment Period in accordance with Paragraph 6(b)
hereof, or (B) following the Employment Period Kornberg remains employed by the
Company and during the two year period following the end of the Employment
Period he terminates his employment on thirty days notice to the Company within
two years after a Change in Control of the Company that occurred during the
Employment Period, the following provisions shall apply

     

    (a) The
Company shall pay to Kornberg, on the 60th day
after the effective date of the termination (the “Effective Date”), subject to
Paragraph 15(c) hereof, a lump sum equal to:

     

    (i) the
greater of (x) Kornberg’s Base Salary, at the rate in effect at the time such
notice is given, for the full unexpired term of the Employment Period, and (y)
2.5 times Kornberg’s Base Salary then in effect; plus

     

    (ii) an amount equal to 2.5 times Kornberg’s average
Incentive Compensation plus annual incentive awards under the 2000 Plan actually
paid or payable for performance in the three fiscal years preceding the year in
which the Change in Control occurs (which for this purpose shall also include
any annual incentive amounts paid to Kornberg for service to the Company or to a
subsidiary that was at the time of such service wholly owned (directly or
indirectly) by the Company); plus

     

    (iii) the
amount of any unpaid Incentive Compensation (x) accrued with respect to any
fiscal year ended prior to the Effective Date, and/or (y) accrued with respect
to the then current fiscal year, pursuant to the proviso in Paragraph
2(b).

     

    (b) Subject
to Paragraph 15(c) hereof to the extent considered to result in the “deferral of
compensation” under Code Section 409A, for the greater of (x) the full unexpired
term of the Employment Period (but not beyond the December 31, of the second
calendar year following termination) or (y) the two year period following
Kornberg’s termination (the “Continuation Period”), the
Company shall continue Kornberg’s participation in each employee benefit plan or
reimbursement arrangement (including, without limitation, life insurance (and
the life insurance reimbursement provided in Paragraph 5(a) above) and medical
plans and including, to the extent allowed, amending such plans) in which
Kornberg was entitled to participate immediately prior to the Effective Date as
if he continued to be employed by the Company hereunder.  If the terms
of any benefit plan of the Company may not under Section 401(a) or other similar
provisions of the Internal Revenue Code of 1986, as amended (the “Code”), permit continued
participation by Kornberg, the Company will arrange to credit to 

     

     

    
      
        
        

      

      
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      Kornberg
benefits substantially equivalent to, as to time and amount, and no less
favorable than, on an after-tax basis, the benefits he would have been entitled
to receive under such plan (assuming he had elected to participate voluntarily
to the maximum extent permissible) if he had been continuously employed by the
Company during the Continuation Period with payment of any accrued amount on the
date of the end of the Continuation Period.  Kornberg shall have the
option to have assigned to him, at no cost and with no apportionment of prepaid
premiums, any assignable insurance policies owned by the Company that relate
specifically to Kornberg and are payable to his estate or his
designee(s).

    

     

    (c) Notwithstanding
any other provision of this Agreement, in the event Kornberg becomes entitled to
any amounts or benefits payable in connection with a Change in Control (whether
or not such amounts are payable pursuant to this Agreement) (the “Change in Control Payments”),
if any of such Change in Control Payments are subject to the tax (the “Excise Tax”) imposed by
Section 4999 of the Code (or any similar federal, state or local tax that
may hereafter be imposed), the Company shall pay to Kornberg at the time
specified in Paragraph 7(c)(iii) below, an additional amount (the “Gross-Up Payment”) such that
the net amount retained by Kornberg, after deduction of any Excise Tax on the
Total Payments (as hereinafter defined) and any federal, state and local income
tax and Excise Tax upon the payment provided for by Paragraph 7(a), shall be
equal to the Total Payments.

     

    (i) For
purposes of determining whether any of the Change in Control Payments will be
subject to the Excise Tax and the amount of such Excise Tax:

     

    a) any other
payments or benefits received or to be received by Kornberg in connection with a
Change in Control or Kornberg’s termination of employment (whether pursuant to
the terms of this Agreement or any other plan, arrangement or agreement with the
Company, any person whose actions result in a Change in Control or any person
affiliated with the Company or such person) (which, together with the Change in
Control Payments, constitute the “Total Payments”) shall be
treated as “parachute payments” within the meaning of
Section 280G(b)(2) of the Code, and all “excess parachute payments”
within the meaning of Section 280G(b)(1) of the Code shall be treated
as subject to the Excise Tax, unless in the opinion of a nationally-recognized
tax counsel selected by the Company such other payments or benefits (in whole or
in part) do not constitute parachute payments, or such excess parachute payments
(in whole or in part) represent reasonable compensation for services actually
rendered within the meaning of Section 280G(b)(4) of the Code in
excess of the base amount within the meaning of Section 280G(b)(3) of
the Code, or are otherwise not subject to the Excise Tax;

     

    b) the
amount of the Total Payments which shall be treated as subject to the Excise Tax
shall be equal to the lesser of (x) the total amount of the Total Payments and
(y) the amount of excess parachute payments within the meaning of
Section 280G(b)(1) of the Code (after applying
Paragraph 7(c)(i)(a) hereof); and

     

     

    
      
        
        

      

      
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    c) the value
of any non-cash benefits or any deferred payments or benefit shall be determined
by a nationally-recognized accounting firm selected by the Company in accordance
with the principles of Sections 280G(d)(3) and (4) of the
Code.

     

    (ii) For
purposes of determining the amount of the Gross-Up Payment, Kornberg will be
deemed to pay federal income taxes at the highest marginal rate of federal
income taxation in the calendar year in which the Gross-Up Payment is to be made
and state and local income taxes at the highest marginal rate of taxation in the
state and locality of Kornberg’s residence on the date of termination, net of
the maximum reduction in federal income taxes which could be obtained from
deduction of such state and local taxes.  In the event that the Excise
Tax is subsequently determined to be less than the amount taken into account
hereunder at the time of the Change in Control, Kornberg will repay to the
Company within ten days after the time that the amount of such reduction in
Excise Tax is finally determined the portion of the Gross-Up Payment
attributable to such reduction (plus the portion of the Gross-Up Payment
attributable to the Excise Tax and federal and state and local income tax
imposed on the Gross-Up Payment being repaid by Kornberg if such repayment
results in a reduction in Excise Tax and/or federal and state and local income
tax deduction) plus interest on the amount of such repayment at the rate
provided in Section 1274(b)(2)(B) of the Code.  In the event that the
Excise Tax is determined to exceed the amount taken into account hereunder at
the time of the Change in Control (including by reason of any payment the
existence or amount of which cannot be determined at the time of the Gross-Up
Payment), the Company shall make an additional Gross-Up Payment in respect of
such excess within ten days after the time that the amount of such excess is
finally determined.

     

    (iii) The
Gross-Up Payment provided for in this Paragraph 7(c) shall be made at the same
time as the Change in Control Payments are made; provided, however, that if the
amount of such Gross-Up Payment cannot be finally determined at the same time as
the Change in Control Payments are made, the Company shall pay to Kornberg at
the time the Change in Control Payments are made an estimate, as determined in
good faith by the Company, of the minimum amount of such Gross-Up Payment and
shall pay the remainder of such Gross-Up Payment (together with interest at the
rate provided in Section 1274(b)(2)(B) of the Code) at the time provided in
Paragraph 7(c)(ii) above.  In any event, any Gross-Up Payment shall be
made under this Paragraph 7(c) not later than the last day of Kornberg’s taxable
year next following the taxable year in which Kornberg is required to remit the
Excise Tax.  Anything in this Paragraph 7(c) to the contrary
notwithstanding, any Gross-Up Payment to be made hereunder shall be subject to
Paragraph 15(c).  Kornberg’s right to payments under this Paragraph
7(c) shall be treated as a right to a series of separate payments under Treasury
Regulation § 1.409A-2(b)(2)(iii).  In the event that the amount of the
estimated payments exceeds the amount subsequently determined to have been due,
such excess shall be repayable on the terms set forth in Paragraph
7(c)(ii).  Other provisions of this Paragraph 7(c) notwithstanding,
nothing in this Paragraph 7(c) is intended to violate the Sarbanes-Oxley Act of
2002, and to the extent that any advance or repayment obligation hereunder would
do so, such obligation shall be modified so as to make the advance a
nonrefundable payment to Kornberg and the repayment obligation null and
void.

     

     

    
      
        
        

      

      
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    (iv) All
determinations under this Paragraph 7(c) shall be made at the expense
of the Company by a nationally recognized public accounting firm selected by the
Company, and such determination shall be binding upon you and the
Company.

     

    (d) Except as
provided below, for purposes of this Agreement a Change in Control shall be
deemed to have occurred:

     

    (i) upon any
“person” as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) (other than the
Company, any trustee or other fiduciary holding securities under any employee
benefit plan of the Company, or any company owned, directly or indirectly, by
the stockholders of the Company in substantially the same proportions as their
ownership of common stock of the Company), becoming the owner (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing 30% or more of the combined voting power of the Company’s
then outstanding securities;

     

    (ii) during
any period of two (2) consecutive years, individuals who at the beginning of
such period constitute the Board of Directors of the Company, and any new
director (other than a director designated by a person who has entered into an
agreement with the Company to effect a transaction described in sub-paragraph
(i), (iii), or (iv) of this Paragraph or a director whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as
such term is used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act) or other actual or threatened solicitation of proxies or consents
by or on behalf of a person other than the Board of Directors of the Company)
whose election by the Board of Directors of the Company or nomination for
election by the Company's stockholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at
the beginning of the two-year period or whose election or nomination for
election was previously so approved, cease for any reason to constitute at least
a majority of the Board of Directors of the Company;

     

    (iii) upon a
merger or consolidation of the Company with any other corporation, other than a
merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation; provided, however, that a merger or consolidation
effected to implement a recapitalization of the Company (or similar transaction)
in which no person (other than those covered by the exceptions in (i) above)
acquires more than 50% of the combined voting power of the Company’s then
outstanding securities shall not constitute a Change in Control of the Company;
or

     

    (iv) upon the
stockholders of the Company approval of a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of all or
substantially all of the Company's assets other than the sale or disposition of
all or substantially all of the assets of the Company to a person or persons who
beneficially own, directly or indirectly, at least 50% or more of the combined
voting power of the outstanding voting securities of the Company at the time of
the sale.

     

     

    
      
        
        

      

      
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                    (e)  In
connection with a termination of Kornberg’s employment triggering payments and
benefits under this Paragraph 7, Kornberg shall have no further obligations
hereunder and shall be under no duty to seek other employment or otherwise
mitigate his damages, and no compensation or other payment from a third party
shall reduce or offset his damages.

     

                   8.    
(a)  In
order to induce Kornberg to enter into this Agreement, the Company agrees that
if it terminates Kornberg’s employment hereunder without cause, or if it
otherwise breaches this Agreement and Kornberg terminates his employment as a
result of such breach, Kornberg shall have no further obligations hereunder and
shall be under no duty to seek other employment or otherwise mitigate his
damages, no compensation or other payment from a third party shall reduce or
offset his damages, and the Company shall pay Kornberg the following amounts as
liquidated damages in lieu of any further obligations hereunder:

     

    (i) Subject
to Paragraph 15(c), an amount equal to his total Base Salary, at the rate in
effect at the time of such breach, for the full unexpired term of the Employment
Period, such amount to be payable on the 60th day
after such termination; plus

     

    (ii) Subject
to Paragraph 15(c), an amount equal to his Incentive Compensation for the full
fiscal year in which the breach occurs, such amount to be payable when it
otherwise would have been paid in accordance with Paragraph 2;

     

    (iii) for the
18 month period following Kornberg’s termination, the Company shall continue
Kornberg’s participation in the Company’s medical plans (under COBRA) as if he
continued to be employed by the Company hereunder; and

     

    (iv) for the
two year period following Kornberg’s termination, the Company shall continue
Kornberg’s participation in the Company’s life insurance plan or continue to
provide the life insurance reimbursement provided in Paragraph 5(a) above, as
applicable, as if he continued to be employed by the Company
hereunder;

     

    provided
however, that if a Change in Control of the Company has occurred at any time
prior to the date of such breach, Kornberg shall be entitled to receive as
liquidated damages amounts and benefits equal to the amounts and benefits he
would have been entitled to receive pursuant to Paragraph 7 hereof (including
Paragraph 7(c)) if he had terminated the Employment Period effective on the date
of breach, to the extent such payments or benefits would exceed the level of
corresponding payments or benefits under this Paragraph 8(a) (i.e., without
duplication of the payments and benefits provided in this Paragraph
8(a)).

     

    (b) The
Company shall be responsible for Kornberg’s reasonable attorney’s fees and
disbursements in any action to recover any amounts due him or obtain other
relief under this Agreement or in any action relating to a breach by the Company
of this Agreement.

     

    9.    
(a)  Kornberg
acknowledges that his services hereunder are of a special and unique nature and
his position with the Company places him in a position of confidence and trust
with clients and employees of the Company.  Therefore, and in
consideration of the Company’s performance of its covenants and agreements under
this Agreement, Kornberg will 

     

     

    
      
        
        

      

      
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      not at
any time during his employment with the Company and for a period of two years
thereafter (the “Restrictive
Period”), directly or indirectly, engage in any business (as an owner,
joint venturer, partner, stockholder, director, officer, consultant, agent or
otherwise, other than as the owner of less than 1% of the outstanding class of a
publicly traded security) which competes with the business in which the Company
is presently engaged or may be engaged at any time during his employment with
the Company.

    

     

    (b)  Kornberg
agrees that he will not (except on behalf of the Company during his employment
with the Company), during the Restrictive Period, employ or retain, solicit the
employment or retention of, or knowingly cause or encourage any entity to retain
or solicit the employment or retention of, any person who is or was an employee
of the Company at any time during the period commencing 12 months prior to the
termination of Kornberg’s employment with the Company.  After
termination of Kornberg’s employment with the Company:  (i) Kornberg
will refrain from disparaging, whether orally, in writing or in other media, the
Company, its affiliates, the officers, directors and employees of each of them,
and the products and services of each of them, and (ii) the Company will not
disparage Kornberg or otherwise comment upon the employment performance of
Kornberg other than as may be required by law or as requested by
Kornberg.

     

    (c) Any
discovery, design, invention or improvement (whether or not patentable) that
Kornberg develops during his employment with the Company (whether or not during
his regular working hours or on the Company’s premises) and that is related to
the Company’s business or operations as then conducted or contemplated, shall
belong solely to the Company and shall be promptly disclosed to the
Company.  During the period of his employment with the Company and
thereafter, Kornberg shall, without additional compensation, execute and deliver
to the Company any instruments of transfer and take any other action that the
Company may reasonably request to carry out the provisions of this Paragraph,
including executing and filing, at the Company’s expense, patent and/or
copyright applications and assignments of such applications to the
Company.

     

    (d) Kornberg
will not at any time, directly or indirectly, without the Company’s prior
written consent, disclose to any third party or use (except as authorized in the
regular course of the Company’s business or in Kornberg’s performance of his
responsibilities as the Company’s Chief Executive Officer) any confidential,
proprietary or trade secret information that was either acquired by him during
his employment with the Company or thereafter, including, without limitation,
sales and marketing information, information relating to existing or prospective
customers and markets, business opportunities, and financial, technical and
other data (collectively, the “Confidential
Information”).  After termination of Kornberg’s employment with
the Company for any reason and upon the written request of the Company, Kornberg
shall promptly return to the Company all originals and/or copies of written or
recorded material (regardless of the medium) containing or reflecting any
Confidential Information and shall promptly confirm in writing to the Company
that such action has been taken.  Notwithstanding the foregoing, the
following shall not constitute Confidential Information:  (i)
information that is already in the public domain at the time of its disclosure
to Kornberg; (ii) information that, after its disclosure to Kornberg, becomes
part of the public domain by publication or otherwise other than through
Kornberg’s act; and (iii) information that Kornberg 

     

     

    
      
        
        

      

      
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      received
from a third party having the right to make such disclosure without restriction
on disclosure or use thereof.

    

     

    10.   Kornberg
acknowledges that, in view of the nature of the Company’s business, the
restrictions contained in this Agreement are reasonably necessary to protect the
legitimate business interests of the Company and its affiliates and that any
violation of such restrictions will result in irreparable injury to the Company
for which money damages will not be an adequate remedy.  Accordingly,
Kornberg agrees that, in addition to such money damages, he may be restrained
and enjoined from any continuing breach of such covenants without any bond or
other security being required by any court.  In the event of a
material violation by Kornberg of any provision of Paragraph 9 hereof, any
severance compensation being paid to Kornberg pursuant to this Agreement or
otherwise shall immediately cease, and any severance compensation previously
paid to Kornberg (other than $1,000) shall be immediately repaid to the
Company.  If any restriction contained in this Agreement shall be
deemed to be invalid, illegal or unenforceable by reason of the extent, duration
or geographical scope, or otherwise, then the court making such determination
shall have the right to reduce such extent, duration, geographical scope or
other provisions hereof, and in its reduced form such restriction shall then be
enforceable in the manner contemplated thereby.

     

    11.   In
consideration of the payments and other undertakings set forth herein, Kornberg
acknowledges that it is an express condition to his right to receive any
payments or benefits pursuant to Paragraph 7 or Paragraph 8 that he deliver to
the Company a fully effective copy of a release, in substantially the form
attached hereto as Exhibit A (with such changes therein, if any, as
are legally necessary at the time of execution to make it
enforceable), within
sixty (60) days following the date of termination.  The Company will
provide Kornberg with a copy of the release to be executed within seven (7) days
following the date of termination.

     

    12.   Any
offer, notice, request or other communication hereunder shall be in writing and
shall be deemed to have been duly given if hand delivered or mailed by
registered or certified mail, return receipt requested, addressed to the
respective address of each party hereinafter set forth, or to such other address
as each party may designate by a notice pursuant hereto, which change of address
notice shall be effective upon receipt thereof

     

    
      	
              If
      to the Company:

            	
              Comtech
      Telecommunications Corp.

              68
      South Service Road

              Melville,
      NY 11747

            
	 
      	
              Attention:  Secretary

            
	 
      	 
      
	
              If
      to Kornberg:

            	
              At
      his home address appearing in the records of the Company.

               

            

    

    

     

    13.   If
any provision of this Agreement shall be held for any reason to be
unenforceable, the remainder of this Agreement shall nevertheless remain in full
force and effect.

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    14.   This
Agreement, including, without limitation, the provisions of this Paragraph 14,
shall be binding upon and inure to the benefit of, and shall be deemed to refer
with equal force and effect to, any corporate or other successor to the Company
which shall acquire, directly or indirectly, by merger, consolidation, purchase
or otherwise, all or substantially all of the assets or business of the
Company.  This Agreement shall not be assignable by the Company or any
such successor, except to the corporate or other successor referred to in the
preceding sentence.  Kornberg may not assign, pledge or encumber his
interest in this Agreement without the written consent of the
Company.  This Agreement shall be binding upon and inure to the
benefit of Kornberg, his heirs and personal representatives.  This
Agreement constitutes the entire agreement by the Company and Kornberg with
respect to the subject matter hereof and supersedes any and all prior agreements
or understandings between Kornberg and the Company with respect to the subject
matter hereof, whether written or oral (including, without limitation, the Prior
Agreement).  This Agreement may be amended or modified only by a
written instrument executed by Kornberg and the Company.  This
Agreement shall be construed and enforced in accordance with the laws of the
State of New York, without regard to its conflict of law
principles.

     

       
15.  
(a)  The Company may withhold from any amounts payable under this
Agreement such federal, state and local taxes as may be required to be withheld
pursuant to any applicable law or regulation.

    

    (b) The
intent of the parties is that payments and benefits under this Agreement comply
with Internal Revenue Code Section 409A and the regulations and guidance
promulgated thereunder (collectively “Code Section 409A”) and,
accordingly, to the maximum extent permitted, this Agreement shall be
interpreted to be in compliance therewith.  If Kornberg notifies the
Company (with specificity as to the reason therefor) that Kornberg believes that
any provision of this Agreement (or of any award of compensation) would cause
Kornberg to incur any additional tax or interest under Code Section 409A, the
Company shall, after consulting with Kornberg, reform such provision to try to
comply with Code Section 409A through good faith modifications to the minimum
extent reasonably appropriate to conform with Code Section 409A.  To
the extent that any provision hereof is modified in order to comply with Code
Section 409A, such modification shall be made in good faith and shall, to the
maximum extent reasonably possible, maintain the original intent and economic
benefit to Kornberg and the Company of the applicable provision without
violating the provisions of Code Section 409A.

    

    (c) Notwithstanding
any provision to the contrary in this Agreement, payments to be made hereunder
which constitute a deferral of
compensation for purposes of Code Section 409A upon a termination of
employment shall only be made upon a “separation from service,” as defined in
Treasury Regulation Section 1.409A-1(h) and, if Kornberg is deemed on the date
of termination to be a “specified employee” within the meaning of that term
under Code Section 409A(a)(2)(B), then with regard to any payment or the
provision of any benefit that is specified as subject to this Paragraph, such
payment or benefit shall be made or provided (subject to the second to last
sentence of this Paragraph 15(c)) at the date which is the earlier of (i) the
expiration of the six (6)-month period measured from the date of such
“separation from service” of Kornberg, and (ii) the date of Kornberg’s death
(the “Delay
Period”).  Upon the expiration of the Delay Period, all
payments and benefits delayed pursuant to this Paragraph 15(c) (whether they
would have otherwise been payable in a single sum or in 

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

      installments
in the absence of such delay) shall be paid or reimbursed to Kornberg in a lump
sum, and any remaining payments and benefits due under this Agreement shall be
paid or provided in accordance with the normal payment dates specified for them
herein.  Notwithstanding the foregoing, to the extent that the
foregoing applies to the provision of any ongoing welfare benefits to Kornberg
that would not be required to be delayed if the premiums therefor were paid by
Kornberg, Kornberg shall pay the full cost of the premiums for such welfare
benefits during the Delay Period and the Company shall pay Kornberg an amount
equal to the amount of such premiums paid by Kornberg during the Delay Period
promptly after its conclusion. Subject to the previous sentence, the
Company shall pay the Company portion of the premiums for any such ongoing
welfare plan benefits on a monthly basis not later than the month following the
due date for such premiums.

    

    

    (d) Following
the occurrence of a Change in Control, in the event that Kornberg becomes liable
for any additional tax, interest or penalty under Code Section 409A or any
damages resulting from the failure of the payments and benefits provided under
this Agreement or any other arrangement between Kornberg and the Company to
comply with Code Section 409A, Kornberg shall be entitled to receive an
additional gross-up payment from the Company to fully indemnify him on an
after-tax basis for the effect of such additional tax, interest, penalty or
damages.  Such additional gross-up payment shall be made within ninety
days following the date on which Kornberg remits such additional tax, interest,
penalty or damages.

    

    (e) Any
expense reimbursement under Paragraph 4, 5(a), 7(b), 8(a)(iv) or 8(b) hereof
shall, except as permitted under Code Section 409A, be made on or before the
last day of the taxable year following the taxable year in which such expense
was incurred by Kornberg, and no such reimbursement or the amount of expenses
eligible for reimbursement in any taxable year shall in any way affect the
expenses eligible for reimbursement in any other taxable year.  The
right to receive a reimbursement or an in-kind benefit payable hereunder is not
subject to liquidation or exchange for another benefit.

    

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

     

    IN WITNESS WHEREOF, the
parties have executed this Agreement as of the day and year first written
above.

     

    

    
      	 
      	
                               COMTECH
      TELECOMMUNICATIONS CORP.

            
	 
      	 
      
	 
      	
               

                               By:
      /s/ Michael D. Porcelain    

            
	 
      	
               
      Authorized Signatory

            
	 
      	 
      
	 
      	 
      

    

    

    
      	
              Approval
      of Chairman of the Compensation Committee of the
      Board of Directors

               

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	/s/
      Ira Kaplan        	 
      	/s/
      Fred Kornberg        
	 
      	 
      	
              Fred
      Kornberg

            

    

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Exhibit
A

     

    General
Release

     

    For good
and valuable consideration, the receipt and adequacy of which is hereby
acknowledged, I, for myself and my successors, assigns, heirs and
representatives (each, a “Releasing Party”), hereby release and forever
discharge Comtech Telecommunications Corp.  (the “Company”), its
stockholders, officers, directors, employees, agents and attorneys, and their
respective successors, assigns, heirs and representatives (each, a “Released
Party”), individually and collectively, from any and all claims, demands, causes
of action, liabilities or obligations, known or unknown, pending or not pending,
liquidated or not liquidated, of every kind and nature whatsoever (collectively,
the “Released Claims”) which the Releasing Party has, has had or may have
against any one or more of the Released Parties arising out of, based upon or in
any way, directly or indirectly, related to the Company’s business, my
employment with the Company or the termination of such employment; provided, however, that this
General Release shall have no effect whatsoever upon: (a) the Company’s
obligations, if any, to pay any amounts or provide any benefits pursuant to the
Second Amended and Restated Employment Agreement between the undersigned and the
Company, dated September 16, 2008 (the “Employment Agreement”) or the rights of
the undersigned to enforce such obligations; (b) any and all obligations of the
Released Parties to defend, indemnify, hold harmless or reimburse the
undersigned under the Employment Agreement and/or the Indemnification Agreement
between the Company and the undersigned, and/or under applicable law and/or
under their respective charters and by-laws and/or pursuant to insurance
policies, if any, for acts or omissions in the undersigned’s capacity as a
director, officer and/or employee thereof; and (c) any and all rights the
undersigned may have to vested or accrued benefits or entitlements under and in
accordance with any applicable plan, agreement, program, award, policy or
arrangement of a Released Party.

     

    The
Released Claims include, without limitation, (a) all claims arising out of or
relating to breach of contract, the Fair Labor Standards Act, the Age
Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the
Civil Rights Act of 1866, the National Labor Relations Act, the Americans with
Disabilities Act, the Employee Retirement Income Security Act and/or any other
federal, state or local statute, law, ordinance, regulation or order as the same
may be amended or supplemented from time to time, (b) all claims for back pay,
lost benefits, reinstatement, liquidated damages, punitive damages, and damages
on account of any alleged personal, physical or emotional injury, and (c) all
claims for attorneys’ fees and costs.

     

    I agree
that I am voluntarily executing this General Release.  I acknowledge that I
am knowingly and voluntarily waiving and releasing any rights I may have under
the Age Discrimination in Employment Act of 1967 and that the consideration
given for the waiver and release is in addition to anything of value to which I
was already entitled.  I further acknowledge that I have been advised
by this writing, as required by the Age Discrimination in Employment Act of
1967, that:  (a) my waiver and release specified herein does not
apply to any rights or claims that may arise after the date I sign this General
Release or my rights with respect to severance compensation, if any, payable to
me pursuant to the Employment Agreement; (b) I have the right to consult
with an attorney prior to signing this General Release; (c) I have
twenty-one (21) days to consider this General Release (although I may choose to
sign it earlier); (d) I have seven (7) days after I sign this General
Release to revoke it; and (e) this General Release 

     

     

     

    
      
        A-1

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    will not
be effective until the date on which the revocation period has expired, which
will be the eighth day after I sign this General Release, assuming I have
returned it to the Company by such date.

     

    

    
      	
              
              

            	 
      	 
      
	 
      	 
      	 
      
	Dated:
      _____________________ 	 
      	_______________________
	 
      	 
      	
              Fred
      Kornberg

            

    

     

    
 

    
      
        
           

          A-2ex10-b1.htm

    
      

    

     Exhibit 10(b)(1)

    

    CHANGE-IN-CONTROL
AGREEMENT

    Tier
2

    

     Dated
September 16, 2008

     

    PERSONAL AND
CONFIDENTIAL

     

    «First_Name»
«Last_Name»

    «Job_Title»

    «Company»

     

    Dear
«First_Name»:

     

    Comtech
Telecommunications Corp. (the “Company”) considers it essential to the best
interests of its stockholders to foster the continued employment of key
management personnel.  Our Board of Directors (the “Board”) recognizes
that the possibility of a change in ownership or control of the Company may
result in the departure or distraction of key personnel to the detriment of the
Company and our stockholders.  Therefore, the Board has determined to
enter into this agreement with you (i) to encourage and reinforce your attention
and dedication to your assigned duties without distraction in the face of the
disruptive circumstances that can arise from a possible change in control of the
Company, (ii) to enhance our ability to retain you in those circumstances, and
(iii) to provide you with fair and reasonable protection from the risks of a
change in ownership and control so that you will be in a position to help the
Company complete a transaction that would be beneficial to
stockholders.  This Agreement amends and restates the
Change-in-Control Agreement between the Company and you dated September 18,
2007, which is superseded in its entirety by the terms of this
Agreement.

    

    You and
the Company agree as follows:

     

    1.         Term of Agreement and
Protected Period.

     

    (a)               Term of Agreement.
The period during which this Agreement shall be in effect (the “Term”) shall be
the period August 1, 2008 through the close of business on July 31, 2010; provided, however,
that the Term shall be automatically renewed for successive one-year periods
unless either party hereto gives written notice of non-renewal to the other
party at least sixty (60) days prior to the expiration of the then current Term;
and provided
further, that
if a Change in Control has occurred prior to expiration of the then current
Term, the Term shall continue until the date that is twenty-four (24) months
after such occurrence of a Change in Control.  The foregoing
notwithstanding, if you remain employed with the Company at the end of the
Protected Period (as defined below), the Company's obligations under Section
3(g) (and related provisions) will continue during the defined "Extended
Severance Period" after the end of the Protected Period.

     

    (b)               Protected Period. The
“Protected Period” is the period from the time of occurrence of a Change in
Control until the date that is twenty-four (24) months after the occurrence of
the Change in Control.  Notwithstanding the preceding sentence, the
introductory text to Section 3 provides that certain events occurring before a
Change in Control shall be deemed to have occurred during the Protected
Period.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    2.           Change in
Control.

    

    “Change in Control” shall mean the
occurrence during the Term of a Change in Control as defined in Section 14.2 of
the 2000 Stock Incentive Plan, as such Plan may be amended from time to
time.

     

    3.         Termination and Resulting
Compensation.

    

    The Agreement provides no compensation
or benefits in connection with Terminations which occur prior to a Change in
Control, except that, if you are Terminated within 90 days prior to a Change in
Control by the Company without Cause at the direction of a Person who has
entered into an agreement with the Company the consummation of which will
constitute a Change in Control, or if you Terminate with Good Reason within 90
days prior to a Change in Control (treating the entry by such a Person into such
an agreement as a Change in Control in applying the definition of Good Reason)
if the circumstance or event which constitutes Good Reason occurs at the
direction of such Person, then your Termination shall be deemed to have been
during the Protected Period and following a Change in Control and shall qualify
for the compensation specified in Section 3(b); with payments thereunder to
occur on the business day following the 52d day after the Change in Control
(subject to the legal effectiveness of your release), except that, if a payment
is deemed to be a deferral of compensation for purposes of Section 409A of the
Internal Revenue Code (the "Code") and the Change in Control did not constitute
a change in the ownership of the Company, a change in effective control of the
Company, or a change in the ownership of a substantial portion of the assets of
the Company, as defined in Treasury Regulation § 1.409A-3(i)(5), then
settlement shall occur at the date six months after your Date of
Termination.

     

    (a)               Termination by the Company
for Cause, by You Without Good Reason, or by Reason of Death, and Failure to
Perform Duties Due to Disability. If during the Protected Period you are
Terminated by the Company for Cause, you voluntarily Terminate without Good
Reason, Termination occurs due to your death, or Termination results from your
failure to perform your duties with the Company due to a disability, the Company
will have no obligation to pay any compensation or benefits to you under this
Agreement.

     

    (b)              Terminations Triggering
Severance Compensation. In lieu of any other severance compensation to
which you may otherwise be entitled under any plan, program, policy or
arrangement of the Company or any subsidiary, entitlement to which you hereby
expressly waive, the Company will pay you the payments described in this Section
3(b) (the “Severance Payments”) upon Termination during the Protected Period and
during the Term, unless such termination is (A) by the Company for Cause, (B) by
reason of death,  (C) due to your failure to perform your duties with
the Company due to disability (for which you qualify for disability benefits),
or (D) by you without Good Reason.  The compensation provided under
this Section 3(b) is as follows:

     

    (i)  The
Company will pay you a lump sum severance payment, in cash, equal to 2.5 times
your Annual Compensation.  For this purpose, your "Annual
Compensation" will be the sum of (A) plus (B), where (A) is the greater of your
annual base salary in effect immediately prior to the occurrence of the event or
circumstance upon which the Notice of Termination is based or your annual base
salary in effect immediately prior to the Change in Control, and (B) is the
amount equal to your average annual incentive award (i.e., bonus) actually paid
or payable for performance in the three fiscal years preceding the year of your
Termination; provided that, if you were not 

     

    
      
        
        

      

      
        2

        
          

        

      

       

      employed
by the Company or a then wholly owned subsidiary of the Company for the full
three-fiscal-year period, your average annual incentive will be the annual
average of the sum of the amounts of your annual incentive award paid for
performance in the fiscal year or fiscal years during such period as to which
you were employed during the full fiscal year plus the annualized annual
incentive paid in any partial year in such period in which you were employed;
and provided further, that for this purpose only annual incentive amounts paid
for service to the Company or to a subsidiary that was at the time of such
service wholly owned (directly or indirectly) by the Company shall be
considered.

    

     

    (ii)  Other provisions of
any plan or annual incentive award authorization notwithstanding, with respect
to your annual incentive award for the fiscal year in progress at your Date of
Termination and your annual incentive award for any previously completed year
for which your final annual incentive award has not yet been determined by the
Board committee or other authorized decision maker with authority to make such
determination (the "Committee"):

    

    
      	
               
      

            	
              (A)

            	
              If
      and to the extent that the level of your earning of any such award is
      based on one or more pre-set performance goals, any such award shall be
      deemed vested as of the Date of Termination based on the level of actual
      achievement of your applicable performance goal through the earlier of the
      end of the performance period or the Date of Termination.  For
      this purpose, the level of actual achievement of your performance goal
      through the applicable date shall be determined in good faith by the
      Committee and without the exercise of negative discretion, and any
      requirement that this determination be based on audited financial results
      shall not apply.

            

    

    

    
      	
               
      

            	
              (B)

            	
              If
      and to the extent that the level of your earning of any such award is not
      based on pre-set performance goals (i.e., is discretionary), any such
      award shall be deemed vested as of the date of Termination and shall be
      deemed earned at a level consistent with the level of annual incentives
      (as a percentage of base salary) of other executives of comparable rank
      whose annual incentives are based on pre-set performance goals, provided
      that the annual incentive shall in no event be less than a pro rata amount
      of your average prior years' annual incentive amount determined under
      Section 3(b)(i)(B) above (with prorationing based on the portion of the
      applicable fiscal year during which you were employed).  These
      determinations shall be made in good faith by the Committee and without
      the exercise of negative discretion, as provided
  above.

            

    

    

    
      	
               
      

            	
              (C)

            	
              No
      amount of such award will be payable based on performance after the Date
      of Termination under this Section 3(b)(ii).  If you are entitled
      to all or any portion of the annual incentive under any other plan or
      authorization, the amount payable hereunder will not be paid to the extent
      it would duplicate such payment of the annual incentive.  The
      provisions regarding the timing of payment under Section 3(d) take
      precedence over any other payment timing rule applicable to any such
      annual incentive.

            

    

    

    
      	
               
      

            	
              (D)

            	
              In
      connection with this award, you will not be required to execute the
      Acknowledgement customarily required as a condition of payment of annual
      incentive awards.

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    For
purposes of this Section 3(b)(ii), if no annual incentive award opportunity has
been established for you for the fiscal year in progress at your Date of
Termination, your annual incentive award opportunity for that year will be
deemed to be identical to the annual incentive award opportunity that was
established for the preceding year.

    

    (iii)
Your stock options and other equity awards shall be governed by the terms of the
applicable plans and award agreements.

    

    (c)           Gross-Up If Excise Tax Would
Apply.   In the
event you become entitled to any amounts or benefits payable in connection with
a Change in Control (whether or not such amounts are payable pursuant to this
Agreement) (the “Change in Control Payments”), if any of such Change in Control
Payments are subject to the tax (the “Excise Tax”) imposed by Section 4999
of the Code (or any similar federal, state or local tax that may hereafter be
imposed), the Company shall pay to you at the time specified in
Section 3(c)(iii) hereof an additional amount (the “Gross-Up Payment”) such
that the net amount retained by you, after deduction of any Excise Tax on the
Total Payments (as hereinafter defined) and any federal, state and local income
tax and Excise Tax upon the payment provided for by Section 3(c)(i), shall
be equal to the Total Payments.

     

    
      	
               
      

            	
              (i)

            	
              For
      purposes of determining whether any of the Change in Control Payments will
      be subject to the Excise Tax and the amount of such Excise
      Tax:

            

    

     

    
      	
               
      

            	
              (A) 

            	
              Any
      other payments or benefits received or to be received by you in connection
      with a Change in Control or your termination of employment (whether
      pursuant to the terms of this Agreement or any other plan, arrangement or
      agreement with the Company, any Person whose actions result in a Change in
      Control or any Person affiliated with the Company or such Person) (which,
      together with the Change in Control Payments, constitute the “Total
      Payments”) shall be treated as “parachute payments” within the meaning of
      Section 280G(b)(2) of the Code, and all “excess parachute
      payments” within the meaning of Section 280G(b)(1) of the Code
      shall be treated as subject to the Excise Tax, unless in the opinion of a
      nationally-recognized tax counsel selected by the Company such other
      payments or benefits (in whole or in part) do not constitute parachute
      payments, or such excess parachute payments (in whole or in part)
      represent reasonable compensation for services actually rendered within
      the meaning of Section 280G(b)(4) of the Code in excess of the
      base amount within the meaning of Section 280G(b)(3) of the
      Code, or are otherwise not subject to the Excise
  Tax;

            

    

    
      	
               
      

            	
               

            

    

    
      	
               
      

            	
              (B)

            	
              The
      amount of the Total Payments which shall be treated as subject to the
      Excise Tax shall be equal to the lesser of (x) the total amount of the
      Total Payments and (y) the amount of excess parachute payments within the
      meaning of Section 280G(b)(1) of the Code (after applying
      Section 3(c)(i)(A) hereof);
and

            

    

     

    
      	
               
      

            	
              (C)

            	
              The
      value of any non-cash benefits or any deferred payments or benefit shall
      be determined by a nationally-recognized

            

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
               

            	
              accounting
      firm selected by the Company in accordance with the principles of Sections
      280G(d)(3) and (4) of the
Code.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              For
      purposes of determining the amount of the Gross-Up Payment, you will be
      deemed to pay federal income taxes at the highest marginal rate of federal
      income taxation in the calendar year in which the Gross-Up Payment is to
      be made and state and local income taxes at the highest marginal rate of
      taxation in the state and locality of your residence on the Date of
      Termination, net of the maximum reduction in federal income taxes which
      could be obtained from deduction of such state and local
      taxes.  In the event that the Excise Tax is subsequently
      determined to be less than the amount taken into account hereunder at the
      time of the Change in Control, you will repay to the Company within ten
      days after the time that the amount of such reduction in Excise Tax is
      finally determined the portion of the Gross-Up Payment attributable to
      such reduction (plus the portion of the Gross-Up Payment attributable to
      the Excise Tax and federal and state and local income tax imposed on the
      Gross-Up Payment being repaid by you if such repayment results in a
      reduction in Excise Tax and/or federal and state and local income tax
      deduction) plus interest on the amount of such repayment at the rate
      provided in Section 1274(b)(2)(B) of the Code.  In the event
      that the Excise Tax is determined to exceed the amount taken into account
      hereunder at the time of the Change in Control (including by reason of any
      payment the existence or amount of which cannot be determined at the time
      of the Gross-Up Payment), the Company shall make an additional Gross-Up
      Payment in respect of such excess within ten days after the time that the
      amount of such excess is finally
determined.

            

    

    
      	
               
      

            	
               

            

    

    
      	
               
      

            	
              (iii)

            	
              The
      Gross-Up Payment provided for in this Section 3(c) shall be made at the
      same time as the Change in Control Payments are made; provided,
      however, that if the amount of such Gross-Up Payment cannot be
      finally determined at the same time as the Change in Control Payments are
      made, the Company shall pay to you at the time the Change in Control
      Payments are made an estimate, as determined in good faith by the Company,
      of the minimum amount of such Gross-Up Payment and shall pay the remainder
      of such Gross-Up Payment (together with interest at the rate provided in
      Section 1274(b)(2)(B) of the Code) at the time provided in Section
      3(c)(ii) above.  In any event, any Gross-Up Payment shall be
      made under this Section 3(c) not later than the last day of your taxable
      year next following the taxable year in which you are required to remit
      the Excise Tax.  Anything in this Section 3(c) to the contrary
      notwithstanding, any Gross-Up Payment to be made hereunder shall be
      subject to such delay in payment as may apply under Section 3(d) of this
      Agreement in the event that such payment is made in connection with your
      Termination of Employment and is deemed to be a deferral of compensation
      subject to Section 409A of the Code.  Your right to payments
      under this Section 3(c) shall be treated as a right to a series of
      separate payments under Treasury Regulation §
      1.409A-2(b)(2)(iii).  In the event that the amount of the
      estimated payments exceeds the amount subsequently determined to have been
      due, such excess shall be repayable on the terms set forth in Section
      3(c)(ii).  Other provisions of this Section 3(c)
      notwithstanding, nothing in this Section 3(c) is intended to violate the
      Sarbanes-Oxley Act of 2002, and to the extent that any advance or
      repayment obligation hereunder would do so, such obligation shall be
      modified so as to make the

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
               

            	
              advance
      a nonrefundable payment to Executive and the repayment obligation null and
      void.

            

    

    
 

    
      	
               
      

            	
              (iv)

            	
              All
      determinations under this Section 3(c) shall be made at the
      expense of the Company by a nationally recognized public accounting firm
      selected by the Company, and such determination shall be binding upon you
      and the Company.

            

    

    

    (d)               Time of Payment. The
Company’s obligation to make the payments provided for in Section 3(b)(i) and
(ii) (and any related payment under Section 3(c)) shall be subject to your
execution of a release, in the form attached as Exhibit A, which you have not
revoked, such actions to be completed by the end of any applicable revocation
period.  If and only if such release has become legally effective, on
the business day immediately following the 52d day after your Date of
Termination, the Company shall pay the amount specified in Section 3(b)(i) and
(ii) in a lump sum.  For purposes of compliance with Section 409A of
the Internal Revenue Code, the payments under Section 3(b)(i) and (ii) (and any
related payment under Section 3(c)) shall each be deemed to be separate
payments, and it is intended that the payment under Section 3(b)(i) and (ii)
(and any related payment under Section 3(c)) in each case shall be deemed first
to be a short-term deferral under Treasury Regulation § 1.409A-1(b)(4), and the
payment under Section 3(b)(i) (and any related payment under Section 3(c)) then
shall be deemed to be separation pay excluded from being a deferral of
compensation to the extent provided under Treasury Regulation §
1.409A-1(b)(9)(iii).  If, however, (i) for any reason all or any
portion of the payment under Section 3(b)(i) or the payment under Section
3(b)(ii), or any payment under Section 3(c), is deemed to be a non-excluded
deferral of compensation under Treasury Regulation § 1.409A-1(b) payable based
upon your Termination, and (ii) any of the Company’s stock is publicly traded on
an established securities market or otherwise, and (iii) at the Date of
Termination you are a “key employee” (as defined in Code Section 416(i) without
regard to paragraph (5) thereof), then the affected portion of such payment
shall be made on the first business day that is on or after the date that is six
months after the date of your separation from service.  Likewise, if
any other payment or benefit under this Agreement would be subject to a tax
penalty under Code Section 409A, such payment or benefit will be payable to you
only at the date specified in the preceding sentence if such delay would avoid
such tax penalty to you.  You shall not be entitled to exercise any
influence on the time of any payment payable hereunder, including in any case in
which the permitted payment period would include portions of two different tax
years.

     

    (e)               Notice. During the
Protected Period, any purported termination of your employment by the Company or
by you shall be communicated by written Notice of Termination to the other party
hereto.

     

    (f)               Certain Definitions.
Except as otherwise indicated in this Agreement, all definitions in this Section
3(f) shall be applicable during the Protected Period only.

     

    
      	
               
      

            	
              (i)

            	
              Cause. “Cause”
      for Termination by the Company of your employment, during the Protected
      Period, shall mean (A) willful misconduct, dishonesty, misappropriation,
      breach of fiduciary duty or fraud by you with regard to the Company or any
      of its assets or businesses; (B) your conviction or your pleading of nolo contendere with
      regard to any felony or crime (for the purpose hereof, traffic violations
      and misdemeanors shall not be deemed to be a crime); or (C) any material
      breach by you of the provisions of this Agreement which is not cured
      within 30 days after written notice to you of such breach from the Board
      of Directors of the Company.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (ii)

            	
              Date of
      Termination. “Date of Termination” shall mean the date specified in
      the Notice of Termination which, in the case of a Termination by the
      Company (other than a Termination for Cause), shall not be less than 30
      days from the date such Notice of Termination is given and, in the case of
      a Termination by you, shall not be less than 30 nor more than 60 days from
      the date such Notice of Termination is given (except as otherwise provided
      in Section 3(f)(iv)).

            

    

    
      	
               
      

            	
               

            

    

    
      	
               
      

            	
              (iii)

            	
              Good Reason.
      “Good Reason” for Termination of your employment will mean the occurrence,
      without your written consent, of any one of the following, provided that,
      except as provided in Section 3(f)(iv), you have given Notice of
      Termination to the Company within 90 days after the initial existence of
      the condition giving rise to your asserted Good Reason, and the Company
      has failed to fully correct the Good Reason by your Date of Termination
      (which must be at least 30 days after the Notice is given, except as
      provided in Section 3(f)(iv)) specified in the Notice of Termination (such
      correction by the Company having the effect of canceling such Notice and
      the resulting Termination), and your separation from service occurs within
      one year after the initial existence of circumstances constituting Good
      Reason:

            

    

     

    (A)            Except
as limited under Section 3(f)(iv), the assignment to you of any duties
inconsistent in any material adverse respect with your position, authority or
responsibilities immediately prior to the occurrence of the Change in Control or
any other material adverse change in such position, including authority or
responsibilities;

     

    (B)           A
material reduction by the Company in either (i) your annual base salary in
effect immediately prior to the Change in Control and as such base salary
thereafter may have been increased, (ii) your annual incentive (i.e., bonus, as
specified below), or (iii) your annual equity award (as specified
below).  For this purpose, a reduction of $10,000 in amount or value,
on an annualized basis, of your base salary or annual equity award value, or of
these two elements in the aggregate, will be deemed "material" (other changes
may be material in the particular circumstances).  A material
reduction in your annual incentive will have occurred if the amount actually
paid to you for any year all or part of which is in the Protected Period
(including the year in which the Change in Control occurs) is reduced to a level
less than 80% of your annual incentive actually paid for performance in the
latest full fiscal year before the Change in Control.  A material
reduction in your annual equity award will be based on the extent to which the
aggregate grant date value of equity awards in a given fiscal year during the
Protected Period is reduced from the grant date value of the latest annual
equity award grant to you from the Company before the Change in Control (this
grant may have occurred in the same fiscal year as the Change in
Control).    Annual equity award shall be deemed to have a
value determined in a manner consistent with the Company's (or then parent
company's) internal valuation method for such awards used at the time of
grant.  It shall not constitute a material reduction in the annual
equity grant for the Company to change the form of such award to either equity
of the surviving parent corporation or cash, provided the value thereof is not
materially reduced; or

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (C)            The
relocation of the principal place of your employment to a location more than
fifty (50) miles from the location of such place of employment on the date of
this Agreement; except for required travel on the Company’s business to an
extent substantially consistent with your business travel obligations prior to
the Change in Control.

     

    
      	
               
      

            	
              (iv)

            	
              Limitation
      on Good Reason.  If an event occurs that otherwise would
      constitute Good Reason under Section 3(f)(iii)(A) (material adverse change
      in your position or duties), such event shall not constitute Good Reason
      during the one-year period immediately following the Change in Control,
      provided that during such one-year period both of the following conditions
      (the "Good Reason Delay") continue to be
met:

            

    

    

    
      	
               
      

            	
              (A) 
      

            	
              After
      the  Change in Control, Fred Kornberg continues to serve as the
      most senior executive officer of either the Company, a parent company of
      the Company, or a business unit or subsidiary of the surviving corporation
      that (in the case of any of these) has oversight over substantially all of
      the business operations that were businesses of the Company immediately
      prior to the Change in Control, with Mr. Kornberg actually performing
      substantially all of the customary duties of the most senior executive
      officer in such position (the "Continuing Senior
  Officer");

            

    

    

    
      	
               
      

            	
              (B) 
      

            	
              Your
      change in position or duties that otherwise would constitute Good Reason
      under Section 3(f)(iii)(A) results from your assignment to an
      executive-level position, with an executive title, and  with
      full-time substantive duties and responsibilities of a nature similar to
      your prior duties and responsibilities, and with such position, title and
      duties and responsibilities of equal or higher rank than your position,
      title and duties and responsibilities before the Change in Control, and
      with you either reporting to Mr. Kornberg in his capacity as Continuing
      Senior Officer or reporting to the officer to whom you were reporting at
      the time of the Change in Control which officer himself or herself reports
      to Mr. Kornberg in his capacity as Continuing Senior
    Officer.

            

    

    

    In the
event of a Good Reason Delay, Good Reason will arise, if not previously cured,
at the date one year after the Change in Control or earlier at any time at which
the condition specified in Section 3(f)(iii)(A) continues and either of the
conditions specified in Section 3(f)(iv)(A) or (B) cease to be met, in which
case you must give the Company notice not later than 90 days thereafter that
Good Reason has arisen (or an announced event will occur that will trigger such
Good Reason) which has terminated (or will terminate) the Good Reason Delay and,
if the Company has not cured the Good Reason within 30 days after receipt of
such notice (or cancelled an event yet to occur if notice precedes such event by
at least 30 days, effectively preventing or curing the Good Reason), then, at
the end of such cure period (or if later at the time of occurrence of the event
triggering Good Reason), Good Reason shall exist.  In this case, your
separate Notice of Termination (if you elect to Terminate for Good Reason) may
be given up to one year after the Good Reason arose (but not later than the 30
days before the end of the Protected Period), with such Notice of Termination to
specify a Date of Termination not earlier than 30 days after the date of Notice
(subject to the timing rule set out below in the case of Mr. Kornberg's
death).  The period for notice that Good Reason has (or will) occur
(i.e., that the Good Reason Delay has 

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    ended or
will end) may overlap with the period between your Notice of Termination and the
specified Date of Termination, so long as in all cases the Company has at least
30 days to cure Good Reason.  In addition, Termination for Good Reason
may occur during the Good Reason Delay period if Good Reason separately arises
under Section 3(f)(iii)(B) and/or (C) (subject to all of the applicable
conditions of Section 3(f)(iii)).  Termination for Good Reason in any
case in which the Good Reason Delay applied must occur during the Protected
Period. If Mr. Kornberg ceases to be the Continuing Senior Officer due to his
death, the Notice of Termination must specify a Date of Termination no earlier
than the earlier of the first anniversary of the Change in Control or the date
at least six months after Mr. Kornberg's death.

    

    
      	
               
      

            	
              (v)

            	
              Notice of
      Termination. “Notice of Termination” shall mean notice indicating
      the specific termination provision in this Agreement relied upon and
      setting forth in reasonable detail the facts and circumstances claimed to
      provide a basis for termination of your employment under the provision so
      indicated.

            

    

    

    
      	
               
      

            	
              (vi)

            	
              Termination.  “Termination”
      means an event by which your employment relationship with the Company and
      all subsidiaries has ended, provided that, with respect to any payment
      hereunder which is deemed to be a non-excluded deferral of compensation
      under Treasury Regulation § 1.409A-1(b), a Termination will occur at the
      time at which you have had a “separation from service” within the meaning
      of Treasury Regulation §
1.409A-1(h).

            

    

     

        (g)           Severance Following the
Protected Period.  If you remain employed by the Company (which
includes any affiliate of the Company) after the Protected Period (and have not
given Notice of Termination under Section 3(f)(iv) based on Mr. Kornberg's
death), in the event that during the "Extended Severance Period" (as defined
below)following the Protected Period your employment is Terminated by the
Company not for Cause or Terminated by you for Modified Good Reason (as defined
in this Section 3(g)), you will be entitled to the payments and benefits under
Section 3(b) except that severance under Section 3(b)(i) will be equal to 1.5
times Annual Compensation.   For purposes of this Section 3(g),
the "Extended Severance Period" means the period from the end of the Protected
Period until the close of business on the first anniversary of the end of the
Protected Period, provided that the
Extended Severance Period will be automatically renewed for successive one-year
periods unless either party hereto gives written notice of non-renewal to the
other party at least ninety (90) days prior to the expiration of the then
current Extended Severance Period.  For purposes of this Section 3(g),
"Modified Good Reason" shall mean the occurrence, without your written consent,
of either (A) the assignment to you of any duties inconsistent in any material
adverse respect with your position, authority or responsibilities 60 days before
the end of the Protected Period or any other material adverse change in such
position, including authority or responsibilities; (B) the event specified in
Section 3(f)(iii)(B); or (C) the event specified in Section 3(f)(iii)(C);
provided that, in each case, you have given Notice of Termination to the Company
within 90 days after the initial existence of the condition giving rise to your
asserted Modified Good Reason, and the Company has failed to fully correct the
Modified Good Reason by your Date of Termination (which must be at least 30 days
after the Notice is given) specified in the Notice of Termination (such
correction by the Company having the effect of canceling such Notice and the
resulting Termination), and your separation from service occurs within one year
after the initial existence of circumstances constituting Modified Good
Reason.  Other provisions of this Agreement applicable to Section 3(b)
(for example, Section 3(d)) shall apply to the payments and benefits under this
Section 3(g) as well.  If you remain employed as specified in this
Section 3(g), the obligations of the Company 

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    under
this Agreement shall continue for the applicable Extended Severance Period after
the end of the Protected Period, without regard to provisions specifying the end
of the Term.

    
 

    4. Mitigation.

    

    You will
not be required to mitigate the amount of payments provided for under this
Agreement by seeking other employment or otherwise, nor shall the amount of
payments provided for under this Agreement be reduced by any compensation earned
by you as the result of employment by another employer, by retirement benefits,
by offset against any amount claimed to be owed by you to the Company, or
otherwise.

     

    5. Covenants for Protection of
Company’s Business. In consideration for the payments and benefits
provided by the Company under this Agreement, by your execution of this
agreement you agree as follows:

    

    
      	
               
      

            	
              (i)

            	
              You
      agree that you will not (except on behalf of the Company) during your
      employment with the Company and during the period of 12 months thereafter
      (the "Restrictive Period") employ or retain, solicit the employment or
      retention of, or knowingly cause or encourage any entity to retain or
      solicit the employment or retention of, any person who is an employee of
      the Company or was an employee of the Company at any time during the
      period commencing 12 months prior to the termination of your employment
      with the Company.  After your Termination of Employment: (A) You
      will refrain from disparaging, whether orally, in writing or in other
      media, the Company, its affiliates, the officers, directors and employees
      of each of them, and the products and services of each of them, and (B)
      the Company will not disparage you or otherwise comment upon your
      employment performance other than as may be required by law or as
      requested by you.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              You
      will not at any time, directly or indirectly, without the Company's prior
      written consent, disclose to any third party or use (except as authorized
      in the regular course of the Company's business or in your performance of
      your responsibilities for the Company) any confidential, proprietary or
      trade secret information that was either acquired by you during your
      employment with the Company or thereafter, including, without limitation,
      sales and marketing information, information relating to existing or
      prospective customers and markets, business opportunities, and financial,
      technical and other data (collectively, the "Confidential
      Information").  After termination of your employment with the
      Company for any reason and upon the written request of the Company, you
      shall promptly return to the Company all originals and/or copies of
      written or recorded material (regardless of the medium) containing or
      reflecting any Confidential Information and shall promptly confirm in
      writing to the Company that such action has been
      taken.  Notwithstanding the foregoing, the following shall not
      constitute Confidential Information:  (A) Information that is
      already in the public domain at the time of its disclosure to you; (B)
      Information that, after its disclosure to you, becomes part of the public
      domain by publication or otherwise other than through your act; and (C)
      Information that you received from a third party having the right to make
      such disclosure without restriction on disclosure or use
      thereof.

            

    

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

     6.  Prior
Acknowledgment.  In connection with a Termination which entitles you
to compensation pursuant to Section 3(b), your agreement not to voluntarily
terminate your employment with the Company or any of its affiliates, which is
set forth in any Acknowledgement previously executed by you as a condition of
payment of an annual incentive award, shall terminate, shall no longer be a
condition of your right to retain such annual incentive award, and shall be of
no further force or effect.

    

    7.  Miscellaneous.

     

    (a)              Successors.  The
Company shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of the Company to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. As used in this
Agreement, “Company” shall mean the Company as hereinbefore defined and any
successor to its business and/or assets as aforesaid which assumes and agrees to
perform this Agreement by operation of law, or otherwise.

     

    (b)              Binding Agreement.
This Agreement shall inure to the benefit of and be enforceable by you and your
personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. In the event of your death, all amounts
otherwise payable to you hereunder shall, unless otherwise provided herein, be
paid in accordance with the terms of this Agreement to your devisee, legatee or
other designee or, if there is no such designee, to your estate.

     

    (c)              Notice. Notices and
all other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when (i) personally delivered or (ii)
mailed by United States certified or registered mail, return receipt requested,
postage prepaid, addressed to the respective addresses set forth on the first
page of this Agreement; provided that all
notice to the Company shall be directed to the attention of the Board with a
copy to the Chief Executive Officer of the Company, or to such other address as
either party may have furnished to the other in writing in accordance herewith,
except that notice of change of address shall be effective only upon
receipt.

     

    (d)              Modifications. No
provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by you and
such officer as may be designated by the Board.  No waiver by either
party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the time or at any prior or subsequent time.

     

    (e)              Governing Law. THE
VALIDITY, INTERPRETATION, CONSTRUCTION AND PERFORMANCE OF THIS AGREEMENT SHALL
BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICTS
OF LAW PRINCIPLES.

     

    (f)              Tax Withholding. Any
payments provided for hereunder shall be paid net of any applicable withholding
required under federal, state or local law.

     

    (g)              Surviving
Obligations. The obligations of the Company and your obligations under
this Agreement shall survive the expiration of this Agreement to the extent
necessary to give effect to this Agreement.

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (h)              Validity. The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect.

     

    (i)              Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed to be
an original but all of which together will constitute one and the same
instrument.

     

    (j)              Entire Agreement.
This Agreement sets forth the entire agreement of the parties hereto in respect
of the subject matter contained herein and during the Term supersedes the
provisions of all prior agreements (including any prior Change in Control
Agreement between the parties), promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by any
officer, employee or representative of any party hereof with respect to the
subject matter contained herein. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not expressly set forth in this Agreement.
Notwithstanding anything to the contrary in this Agreement, the procedural
provisions of this Agreement shall apply to all benefits payable as a result of
a Change in Control (or other change in control) under any employee benefit
plan, agreement, program, policy or arrangement of the Company.

     

    If this
letter sets forth our agreement on the subject matter hereof, kindly sign and
return to the Company the enclosed copy of this letter, which will then
constitute our agreement on this subject.

     

    

    
      	 
      	 
      	 
      
	
              COMTECH
      TELECOMMUNICATIONS CORP.

            
	 
      	 
      
	
              By:

            	 
      	                                                             
               
	 
      	 
      	
              [Name]

            
	 
      	 
      	
              [Title]

            

    

     

    
      	 
      
	
              Agreed
      to this  __ day

              of
      _________, 2008.

            
	 
      
	
                                                                      
        

            
	
              «First_Name»
      «Last_Name»

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    Exhibit
A

     

    General
Release

     

    For good and valuable consideration,
the receipt and adequacy of which is hereby acknowledged, I, for myself and my
successors, assigns, heirs and representatives (each, a "Releasing Party"),
hereby release and forever discharge Comtech Telecommunications
Corp.  (the "Company"), its stockholders, officers, directors,
employees, agents and attorneys, and their respective successors, assigns, heirs
and representatives (each, a "Released Party"), individually and collectively,
from any and all claims, demands, causes of action, liabilities or obligations,
known or unknown, pending or not pending, liquidated or not liquidated, of every
kind and nature whatsoever (collectively, the "Released Claims") which the
Releasing Party has, has had or may have against any one or more of the Released
Parties arising out of, based upon or in any way, directly or indirectly,
related to the Company's business, my employment with the Company or the
termination of such employment; provided, however, that this
General Release shall have no effect whatsoever upon: (a)  the
Company's obligations, if any, to pay severance compensation pursuant to the
Change in Control Agreement between the undersigned and the Company, dated
September 16, 2008 (the “CIC Agreement”) or the rights of the undersigned to
enforce such obligations; (b) any and all obligations of the Released Parties to
defend, indemnify, hold harmless or reimburse the undersigned under the
Indemnification Agreement between the Company and the undersigned, and/or under
applicable law and/or under the respective charters and by-laws of the Released
Parties, and/or pursuant to insurance policies, if any, for acts or omissions in
the undersigned’s capacity as a director, officer and/or employee thereof; and
(c) any and all rights the undersigned may have to vested or accrued benefits or
entitlements under and in accordance with any applicable plan, agreement,
program, award, policy or arrangement of a Released Party..

    

    The Released Claims include, without
limitation, (a) all claims arising out of or relating to breach of contract, the
Fair Labor Standards Act, the Age Discrimination in Employment Act, Title VII of
the Civil Rights Act of 1964, the Civil Rights Act of 1866, the National Labor
Relations Act, the Americans with Disabilities Act, the Employee Retirement
Income Security Act and/or any other federal, state or local statute, law,
ordinance, regulation or order as the same may be amended or supplemented from
time to time, (b) all claims for back pay, lost benefits, reinstatement,
liquidated damages, punitive damages, and damages on account of any alleged
personal, physical or emotional injury, and (c) all claims for attorneys' fees
and costs.

    

    I agree that I am voluntarily executing
this General Release.  I acknowledge that I
am knowingly and voluntarily waiving and releasing any rights I may have under
the Age Discrimination in Employment Act of 1967 and that the consideration
given for the waiver and release is in addition to anything of value to which I
was already entitled.  I further acknowledge that I have been advised
by this writing, as required by the Age Discrimination in Employment Act of
1967, that:  (a) my waiver and release specified herein does not
apply to any rights or claims that may arise after the date I sign this General
Release or my rights with respect to severance compensation, if any, payable to
me pursuant to the CIC Agreement; (b) I have the right to consult with an
attorney prior to signing this General Release; (c) I have twenty-one (21)
days to consider this General Release (although I may choose to sign it earlier); (d) I have
seven (7) days after I sign this General Release to revoke it; and (e) this
General Release will not be effective until the date on which the revocation
period has expired, which will be the eighth day after I sign this General
Release, assuming I have returned it to the Company by such date. 

      

      Dated:
___________________________                                ___________________________ 

      

    

    
      
         

      

      
        13

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