Document:

Exhibit
10.1

AMENDED
AND RESTATED

NON-QUALIFIED
STOCK OPTION

non-transferable

GRANT TO

 

(the “Participant”)

the right to
purchase (the “Option”) from Superior Essex Inc. (the “Company”)

 

shares of its
common stock, par value $0.01 per share, at the exercise price of $      per share

 

pursuant to and subject
to the provisions of the Superior Essex Inc. 2003 Stock Incentive Plan (the “Plan”)
and to the terms and conditions set forth on the reverse hereof.  By accepting the Option, the Participant,
shall be deemed to have agreed to the terms and conditions set forth in this
Certificate and the Plan. This Certificate is an amendment and restatement of
the Option Certificate granted to the Participant, dated as of      , 2004.  All terms are the same, except that, in order
to comply with Code Section 409A, the exercise price with respect to those
shares vesting after December 31, 2004 has been increased from $10.00 to $     , which was the fair market value
of the Shares on the Grant Date.  The
exercise price of the Option with respect to Shares vesting prior to December
31, 2004 remains at $10.00 per share.

IN WITNESS WHEREOF,
Superior Essex Inc. acting by and through its duly authorized officers, has
caused this Certificate to be executed as of the day and year first above
written.

	
   

  	
   

  	
  SUPERIOR ESSEX INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Its: Authorized Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Option Grant Date:
                     , 2004

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Accepted by the Participant:

  	
   

  

 

1.     Grant
of Option.  The committee
(the “Committee”) appointed by the Board of Directors of the Company to
administer the Superior Essex Inc. 2003 Stock Incentive Plan (the “Plan”), hereby
grants to the Participant named on the reverse hereof, under the Plan, a
non-qualified stock option (the “Option”) to purchase from the Company, on the
terms and conditions set forth in this certificate (the “Certificate”), the
number of shares (“Shares”) indicated on the reverse hereof of the Company’s
$0.01 par value common stock (“Common Stock”), at the exercise price per share
set forth on the reverse hereof (the “Option Price”).  Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to such terms in the
Plan.  Unless otherwise indicated, any
capitalized term used but not defined herein shall have the meaning ascribed to
such term in the Plan.  By accepting this
Option, the Participant is deemed to agree to comply with the terms of the
Plan, this Certificate and all applicable laws and regulations.

2.     Tax Matters.  No part of the
Option granted hereby is intended to qualify as an “incentive stock option”
under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

3.     Vesting.  (a)  Except as set forth in subsection (b) below,
the Option shall become exercisable as provided below, which shall be cumulative.  To the extent that the Option has become
exercisable with respect to a number of shares of Common Stock as provided
below, the Option may thereafter be exercised by the Participant, in whole or
in part, at any time or from time to time prior to the expiration of the Option
as provided herein and in accordance with Section 6.3(d) of the Plan,
including, without limitation, the filing of such written form of exercise
notice, if any, as may be required by the Committee and payment in full of the
Option Price multiplied by the number of shares of Common Stock so
exercised.  Upon expiration of the
Option, the Option shall be canceled and no longer exercisable.  The following table indicates each date upon
which the Participant shall be entitled to exercise the Option with respect to
the percentage of Shares vested indicated beside that date provided that the
Participant is continuously employed (or on approved leave of absence) at all
times until the applicable vesting date:

	
  Vesting Date

  	
   

  	
  Number of Shares Vested

  	
   

  
	
  One Year After Grant Date (indicated on the reverse
  hereof)

  	
   

  	
  33

  	
  %

  
	
  Two Years After Grant Date

  	
   

  	
  33

  	
  %

  
	
  Three Years After Grant Date

  	
   

  	
  34

  	
  %

  

 

There
shall be no proportionate or partial vesting in the periods prior to each
vesting date and all vesting shall occur only on the appropriate vesting date.

(b)   The
Committee may, in its sole discretion, provide for accelerated vesting of the
Option at any time.

4.     Option Term.  The term of  each Option shall be ten (10) years after the
Grant Date, subject to earlier termination in the event of the Participant’s
Termination of Employment as specified in Section 5 below.

5.     Termination.

Subject to Section 4 above and the terms of the Plan, the Option, to the
extent vested at the time of the Participant’s Termination of Employment, shall
remain exercisable to the extent provided in Section 8.2 of the Plan.

                Any portion of the Option that
is not vested as of the date of the Participant’s Termination of Employment for
any reason shall terminate and expire as of the date of such Termination of
Employment.

6.     Restriction on Transfer of Option.  No part of the
Option shall be Transferable other than by will or by the laws of descent and
distribution and during the lifetime of the Participant, may be exercised only
by the Participant or the Participant’s guardian or legal representative.  In addition, the Option shall not be
assigned, negotiated, pledged or hypothecated in any way (except as provided by
law or herein), and the Option shall not be subject to execution, attachment or
similar process.  Upon any attempt to
Transfer the Option or in the event of any levy upon the Option by reason of
any execution, attachment or similar process contrary to the provisions hereof,
the Option shall immediately become null and void.  Notwithstanding the foregoing, the Option
shall be Transferable to the Participant’s spouse or former spouse pursuant to
a domestic relations order under applicable state law that is reasonably
acceptable to the Committee.  Any such
transferee may not subsequently transfer the Option other than by will or by
the laws of descent and distribution and the Option (and any Common Stock
acquired as a result of the exercise of the Option) remains subject to the
terms of this Certificate and the Plan.

7.     Rights as a Stockholder.  The Participant
shall have no rights as a stockholder with respect to any shares covered by the
Option unless and until the Participant has become the holder of record of the
Shares, and no adjustments shall be made for dividends in cash or other
property, distributions or other rights in respect of any such shares, except
as otherwise specifically provided for in the Plan.

8.     Provisions of Plan Control.  This Certificate is
subject to all the terms, conditions and provisions of the Plan, including,
without limitation, the amendment provisions thereof, and to such rules,
regulations and interpretations relating to the Plan as may be adopted by the
Committee and as may be in effect from time to time.  The Plan is incorporated herein by reference.  If and to the extent that this Certificate
conflicts or is inconsistent with the terms, conditions and provisions of the
Plan, the Plan shall control, and this Certificate shall be deemed to be
modified accordingly, provided that to the extent the Plan provides the
Committee with discretion to determine the terms of the Option, the exercise of
such discretion shall not be considered to be inconsistent with the terms of
the Plan.  This Certificate contains the
entire understanding of the parties with respect to the subject matter hereof
and supersedes any prior agreements between the Company and the Participant
with respect to the subject matter hereof.

9.     Withholding.  The Company shall have the right to
deduct from any payment, or to otherwise acquire, prior to the issuance or
delivery of any shares of Common Stock or the payment of any cash hereunder,
payment by the Participant of, any federal, state or local taxes required by
law to be withheld with respect to the Option.

10.   Notices.  Any notice or
communication given hereunder shall be in writing and shall be deemed to have
been duly given when delivered in person, or by United States mail, to the
appropriate party at the address set forth below (or such other address as the
party shall from time to time specify):

If
to the Company, to:

Superior Essex Inc.

150
Interstate North Parkway

Atlanta, Georgia
30339

Attention:
Corporate Secretary

Notices
to the Participant will be directed to the address of the Participant then
currently on file with the Company.

11.   No Obligation to Continue
Employment.  This
Certificate is not an agreement of employment. 
This Certificate does not guarantee that the Employer will employ the
Participant for any specific time period, nor does it modify in any respect the
Employer’s right to terminate or modify the Participant’s employment or
compensation.Exhibit 10.2

TIME
VESTED RESTRICTED  STOCK  AWARD

 

Non-transferable

 

G R A N T  T O

 

Name
of Grantee

(“Grantee”)

 

by Superior Essex
Inc. (the “Company”) of

 [Insert number of shares]
shares of its common stock, $0.01 par value (the “Shares”)

 

pursuant to and
subject to the provisions of the Superior Essex Inc. 2005 Incentive Plan (the “Plan”)
and to the terms and conditions set forth on the following pages (the “Terms
and Conditions”).

 

Unless vesting is accelerated in accordance with the Plan, the Shares shall
vest (become non-forfeitable)  in
accordance with the following schedule:

 

	
  [Date] [Continuous Service as
  an Employee after Grant Date]

  	
   

  	
  Percent of Shares Vested

  	
   

  
	
  Year

  	
   

  	
   

  	
   

  
	
  Year

  	
   

  	
   

  	
   

  
	
  Year

  	
   

  	
   

  	
   

  

 

IN WITNESS WHEREOF, Superior Essex Inc., acting by and through its duly
authorized officers, has caused this Certificate to be executed as of the grant
date set forth below.

 

	
   

  	
  SUPERIOR ESSEX
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Its: Authorized
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  Accepted by
  Grantee: 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Grant Date:

  
				

 

TERMS AND CONDITIONS

 

1.  Grant of
Shares.  The Company hereby grants the
Shares to the Grantee, subject to the restrictions and the other terms and
conditions set forth in the Superior Essex Inc. 2005 Incentive Plan (the “Plan”)
and in this award agreement (this “Certificate”).  Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to such terms in the Plan.

 

2.  Restrictions.  The Shares are subject to each of the
following restrictions.  “Restricted
Shares” mean those Shares that are subject to the restrictions imposed
hereunder which restrictions have not then expired or terminated.  Restricted Shares may not be sold,
transferred, exchanged, assigned, pledged, hypothecated or otherwise
encumbered.  Any attempted sale,
transfer, exchange, assignment, pledge, hypothecation or other encumbrance of
the Restricted Shares in violation of this Agreement shall be void and of no
effect and the Company shall have the right to disregard the same on its books
and records and to issue “stop transfer” instructions to its transfer
agent.  If Grantee’s employment with the
Company or any Affiliate terminates for any reason other than as set forth in
paragraph (b), (c) or (d) of Section 3 hereof, then Grantee shall forfeit all
of Grantee’s right, title and interest in and to the Restricted Shares, and as
of the date of employment termination, such Restricted Shares shall revert to
the Company.  The restrictions imposed
under this Section shall apply to all shares of the Company’s Common Stock or
other securities issued with respect to Restricted Shares hereunder in
connection with any merger, reorganization, consolidation, recapitalization,
stock dividend or other change in corporate structure affecting the Common
Stock.

 

3.  Expiration and Termination
of Restrictions.  The Shares will
vest and become non-forfeitable on the earliest to occur of the following (the “Vesting
Date”):

 

[Bracketed Clauses Included in Individual Awards

At Discretion of Committee]

 

(a)    As to the percentages of the Shares specified on the
front hereof, on the dates specified, or

(b)   [Termination of Grantee’s employment by reason of
death, Disability or Retirement, or]

(c)    [Termination of Grantee’s employment by the Company
without Cause or by Grantee for Good Reason within [six months][one year] after
a Change in Control; or]

(d)   Termination of Grantee’s employment under any other
circumstances if and to the extent provided in an employment agreement,
consulting agreement, change in control agreement or similar agreement in
effect between the Company or an Affiliate and Grantee.

 

For purposes of this Certificate, “Good Reason” shall
have the meaning assigned such term in Grantee’s Change of Control or Employment
Agreement with the Company, as in effect on the date hereof, as the same may be
amended from time to time, or any successor employment agreement, consulting
agreement, change in control agreement or similar agreement in effect between
the Company or an Affiliate and Grantee at the time of determination that
defines “good  reason” (or words of like
import).

 

4.  Delivery
of Shares.  The Restricted Shares
will be registered in the name of Grantee as of the Grant Date and will be held
by the Company during the Restricted Period in certificated or uncertificated
(book-entry) form.  If a certificate for
Restricted Shares is issued during the Restricted Period with respect to such
Shares, such certificate shall be registered in the name of Grantee and shall
bear a legend in substantially the following form:

 

“This certificate and the shares of stock represented
hereby are subject to the terms and conditions (including forfeiture and
restrictions against transfer) contained in a Restricted Stock Award
certificate between the registered owner of the shares and Superior Essex Inc.  Release from such terms and conditions shall
be made only in accordance with the provisions of such agreement, copies of
which are on file in the offices of Superior Essex Inc.”

 

Stock certificates for the Shares, without the first
above legend, shall be delivered to Grantee or Grantee’s designee upon request
of Grantee after the expiration of the Restricted Period, but delivery may be
postponed for such period as may be required for the Company with reasonable
diligence to comply if deemed advisable by the Company, with registration
requirements under the Securities Act of 1933, listing requirements under the
rules of any stock exchange, and requirements under any other law or regulation
applicable to the issuance or transfer of the Shares.

 

5.  Voting
and Dividend Rights.  Grantee, as
beneficial owner of the Shares, shall have full voting and dividend rights with
respect to the Shares from and after the Grant Date (i.e., throughout the
Restricted Period).  If Grantee forfeits
any rights

 

he or she may have under this Certificate in
accordance with Section 2, Grantee shall no longer have any rights as a
stockholder with respect to the Restricted Shares or any interest therein and
Grantee shall no longer be entitled to receive dividends on such stock.

 

6.  Changes
in Capital Structure.  In the event of a corporate event or transaction
involving the Company (including, without limitation, any stock dividend, stock
split, extraordinary cash dividend, recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination or exchange of shares), the
Committee may adjust this award to preserve the benefits or potential benefits
of this award. Without limiting the foregoing, in the event of a
subdivision of the outstanding Common Stock (stock-split), a declaration of a dividend
payable in Common Stock, or a combination or consolidation of the outstanding
Common Stock into a lesser number of shares, the Shares then subject to this
Certificate shall automatically be adjusted proportionately.

 

7.  No Right
of Continued Employment.  Nothing in
this Certificate shall interfere with or limit in any way the right of the
Company or any Affiliate to terminate Grantee’s employment at any time, nor
confer upon Grantee any right to continue in the employ of the Company or any
Affiliate.

 

8.  Payment
of Taxes.  Upon issuance of the
Shares hereunder, Grantee may make an election to be taxed upon such award
under Section 83(b) of the Code.  Grantee
will, no later than the date as of which any amount related to the Shares first
becomes includable in Grantee’s gross income for federal income tax purposes,
pay to the Company, or make other arrangements satisfactory to the Committee
regarding payment of, any federal, state and local taxes of any kind required
by law to be withheld with respect to such amount.  The Committee hereby approves Grantee’s
surrender to the Company of a number of Shares from this award as necessary to
pay the minimum applicable withholding tax obligation.  The obligations of the Company under this
Certificate will be conditional on such payment or arrangements, and the
Company, and, where applicable, its subsidiaries will, to the extent permitted
by law, have the right to deduct any such taxes from any payment of any kind
otherwise due to Grantee.

 

9.  Amendment.  The Committee may amend, modify or terminate
this Certificate without approval of Grantee; provided, however, that such
amendment, modification or termination shall not, without Grantee’s consent,
reduce or diminish the value of this award determined as if it had been fully
vested (i.e., as if all restrictions on the Shares hereunder had expired) on
the date of such amendment or termination.

 

10.  Plan
Controls.  The terms contained in the
Plan are incorporated into and made a part of this Certificate, and this
Certificate shall be governed by and construed in accordance with the
Plan.  In the event of any actual or
alleged conflict between the provisions of the Plan and the provisions of this
Certificate , the provisions of the Plan shall be controlling and determinative.

 

11. Notice.  Any notice or communication given hereunder
shall be in writing and shall be deemed to have been duly given when delivered
in person, or by United States mail, to the appropriate party at the address
set forth below (or such other address as the party shall from time to time
specify): If to the Company, to: Superior Essex Inc., 150 Interstate North
Parkway, Atlanta, Georgia 30339; Attention: Corporate Secretary. Notices to the
Participant will be directed to the address of the Participant then currently
on file with the Company.

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