Document:

Exhibit 10.2

Exhibit 10.2

Opnext, Inc.

Nonqualified Stock Option Agreement

THIS AGREEMENT (the “Agreement”), is made effective as of [_____], 2011, (hereinafter
called the “Date of Grant”), between Opnext, Inc., a Delaware corporation (the “Company”), and
Harry L. Bosco (hereinafter called the “Participant”).

R E C I T A L S:

WHEREAS, the Company maintains the Opnext, Inc. Second Amended and Restated 2001 Long-Term
Stock Incentive Plan (as amended from time to time, the “Plan”), which Plan is incorporated herein
by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein
shall have the same meanings as in the Plan; and

WHEREAS, the Committee has determined that it would be in the best interests of the Company
and its stockholders to grant the option provided for herein to the Participant pursuant to the
Plan and the terms set forth herein.

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties
agree as follows:

1. Grant of the Option. The Company hereby grants to the Participant the right and
option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any
part of an aggregate of 375,000 Shares, subject to adjustment as set forth in the Plan. The
purchase price of the Shares subject to the Option shall be equal to $[_____] per Share (the
“Exercise Price”). The Option is intended to be a non-qualified stock option, and is not intended
to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as
amended.

2. Vesting.

(a) Subject to the Participant’s continued employment with the Company, the Option shall vest
and become exercisable with respect to 1/12th of the Shares initially subject to the
Option on each of the first twelve monthly anniversaries of December 10, 2010.

(b) Notwithstanding any other provisions of this Agreement to the contrary, subject to
Sections 2(c) and 3 below, in the event that (i) the Participant’s employment with the Company is
terminated by the Company without Cause (as defined below), (ii) the Board appoints a Chief
Executive Officer and President of Opnext, Inc. to succeed the Participant in such positions, (iii)
the Participant’s employment with the Company is terminated by reason of the Participant’s death or
Disability (as defined below), or (iv) a Change in Control occurs, the Option shall, to the extent
not then vested and not previously expired, cancelled or terminated, immediately become fully
vested and exercisable.

For purposes of this Agreement, “Cause” and “Disability” shall have the meanings ascribed to
such terms in that certain Employment Agreement, dated as of January 26, 2011, between the
Participant and the Company.

 

 

 

(c) If the Participant’s employment with the Company is terminated for any reason, the Option,
to the extent not then vested (after giving effect to any accelerated vesting that occurs in
connection with such termination), shall thereupon automatically be canceled without consideration,
and the Option, to the extent vested, shall remain exercisable for the period set forth in Section
3(a).

3. Exercise of Option.

(a) Period of Exercise. Subject to the provisions of the Plan and this Agreement, the
Participant may exercise all or any part of the Option, to the extent vested, at any time prior to
the seventh anniversary of the Date of Grant. The Option may not be exercised to any extent by
anyone after such date.

(b) Method of Exercise.

(i) Subject to Section 3(a), the Option, to the extent vested, may be exercised by
delivering to the Company at its principal office written notice of intent to so exercise on
a form prescribed by the Company; provided that, the Option may be exercised with respect to
whole Shares only. Such notice shall specify the number of Shares for which the Option is
being exercised and shall be accompanied by payment in full of the Exercise Price. The
payment of the Exercise Price may be made in cash, or its equivalent, or, with the consent
of the Committee, (x) by exchanging Shares owned by the Participant (which are not the
subject of any pledge or other security interest and which have been owned by the
Participant for such period of time as is required to avoid adverse accounting consequences
to the Company) or (y) at any time that the Shares are publicly traded on a nationally
recognized stock exchange, through delivery of irrevocable instructions to a broker (as
selected or approved by the Committee) to sell the Shares otherwise deliverable upon the
exercise of the Option and to deliver promptly to the Company an amount equal to the
aggregate exercise price, or by a combination of the foregoing, provided that the combined
value of all cash and cash equivalents and the Fair Market Value of any such Shares so
tendered to the Company as of the date of such tender is at least equal to such aggregate
exercise price.

(ii) In the event that the Company establishes, for itself or using the services of a
third party, an automated system for the exercise of options under the Plan, such as a
system using an internet website or interactive voice response, then the paperless exercise
of the Option by the Participant may be permitted through the use of such an automated
system.

(iii) Notwithstanding any other provision of the Plan or this Agreement to the
contrary, the Option shall be exercised in accordance with any registration or qualification
of the Option or the Shares under applicable state and federal securities or other laws, or
under any ruling or regulation of any governmental body or national securities exchange that
the Committee shall in its sole discretion determine to be necessary or advisable.

 

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(iv) Upon the Company’s determination that the Option has been validly exercised as to
any of the Shares, the Company shall either (a) issue certificates in the Participant’s name
for such Shares or (b) issue such Shares in uncertificated form, with the Shares recorded in
the name of the Participant in the books and records of the Company’s transfer agent.
However, the Company shall not be liable to the Participant for damages relating to any
delays in issuing the Shares to him, the loss of any certificates, or any mistakes or errors
in the issuance of the Shares or in the certificates themselves.

(v) In the event of the Participant’s death, the Option, to the extent vested, shall
remain exercisable by the Participant’s executor or administrator, or the person or persons
to whom the Participant’s rights under this Agreement shall pass by will or by the laws of
descent and distribution as the case may be, to the extent set forth in Section 3(a). Any
heir or legatee of the Participant shall take rights herein granted subject to the terms and
conditions hereof.

(c) Conditions to Issuance of Shares. The Company shall not be required to issue or
deliver any Shares purchased upon the exercise of the Option or portion thereof prior to
fulfillment of all of the following conditions:

(i) The admission of such Shares to listing on all stock exchanges on which the
Company’s common stock is then listed;

(ii) The completion of any registration or other qualification of such Shares under any
state or federal law or under rulings or regulations of the Securities and Exchange
Commission or of any other governmental regulatory body, which the Committee shall, in its
absolute discretion, deem necessary or advisable;

(iii) The obtaining of any approval or other clearance from any state or federal
governmental agency which the Committee shall, in its absolute discretion, determine to be
necessary or advisable;

(iv) The receipt by the Company of full payment for such Shares, including payment of
any applicable withholding tax, which may be in one or more of the forms of consideration
permitted under Section 3(b)(i) above; and

(v) The lapse of such reasonable period of time following the exercise of the Option as
the Committee may from time to time establish for reasons of administrative convenience.

(d) No Right to Exercise. Notwithstanding the foregoing with respect to any
termination of employment, the Option, to the extent vested, may not be exercised pursuant to this
Section 3 if the Company in its sole discretion determines that the Participant has, at any time
during the term of employment or following termination of employment, violated the terms of any
agreement with the Company or a Subsidiary regarding competition with the business of the Company
or any Subsidiary, interference with contractual or business relationships of the Company or any
Subsidiary, solicitation of employees, officers, partners, agents, or consultants of the Company or
a Subsidiary or other similar covenant. In the event that a Participant violates
the terms of any such agreement, the Company may cause such Participant to forfeit all of his
or her outstanding Options.

 

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4. No Right to Continued Service. Neither the Plan nor this Agreement shall be
construed as giving the Participant the right to be retained in the employ or as a director of, or
in any consulting relationship to, the Company or any Affiliate. Further, the Company or an
Affiliate may at any time dismiss the Participant or discontinue any consulting relationship, free
from any liability or any claim under the Plan or this Agreement, unless otherwise expressly
provided in the Plan or in a written agreement between such Participant and the Company.

5. No Rights as Stockholder. The Participant shall not be, nor have any of the rights
or privileges of, a stockholder of the Company in respect of any Shares purchasable upon the
exercise of any part of the Option unless and until certificates representing such Shares shall
have been issued by the Company to the Participant or such Shares have been issued in
uncertificated form and recorded in the name of the Participant in the books and records of the
Company’s transfer agent.

6. Legend on Certificates. The certificates representing the Shares purchased by
exercise of the Option shall be subject to such stop transfer orders and other restrictions as the
Committee may deem advisable under the Plan or the rules, regulations, and other requirements of
the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and
any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on
any such certificates to make appropriate reference to such restrictions.

7. Transferability. The Option may not be transferred or assigned by the Participant
otherwise than by will or by the laws of descent and distribution, and any such purported transfer
or assignment shall be void and unenforceable against the Company or any Affiliate; provided that
the designation of a beneficiary shall not constitute a transfer or assignment. No such permitted
transfer of the Option to heirs or legatees of the Participant shall be effective to bind the
Company unless the Committee shall have been furnished with written notice thereof and a copy of
such evidence as the Committee may deem necessary to establish the validity of the transfer and the
acceptance by the transferee or transferees of the terms and conditions hereof.

8. Withholding.

(a) The Participant may be required to pay to the Company or any Affiliate, and the Company or
any Affiliate shall have the right and is hereby authorized to withhold from any payment due or
transfer made under the Option or under the Plan or from any compensation or other amount owing to
a Participant, the amount (in cash, Shares, other securities, other Awards or other property) of
any applicable withholding taxes in respect of the Option, its exercise, or any payment or transfer
under the Option or under the Plan and to take such action as may be necessary in the opinion of
the Company to satisfy all obligations for the payment of such taxes.

 

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(b) Without limiting the generality of clause (a) above, the Participant may satisfy, in whole
or in part, the foregoing withholding liability by delivery of Shares owned by
the Participant (which are not subject to any pledge or other security interest) with a Fair
Market Value equal to such withholding liability or by having the Company (either directly or
through a broker-assisted transaction directed by the Participant) withhold from the number of
Shares otherwise issuable pursuant to the exercise of the Option a number of Shares with a Fair
Market Value equal to such withholding liability. Notwithstanding any other provision of the Plan
or this Agreement, the number of Shares which may be withheld to satisfy the Participant’s federal,
state, local and foreign income and payroll tax liabilities with respect to the Option, its
exercise, or any payment or transfer under the Option shall be limited to the number of shares
which have a Fair Market Value on the date of withholding equal to the aggregate amount of such
liabilities based on the minimum statutory withholding rates for federal, state, local and foreign
income tax and payroll tax purposes that are applicable to such supplemental taxable income.

9. Securities Laws. Upon the acquisition of any Shares pursuant to the exercise of
the Option, the Participant will make or enter into such written representations, warranties and
agreements as the Committee may reasonably request in order to comply with applicable securities
laws or with this Agreement.

10. Notices. Any notice necessary under this Agreement shall be addressed to the
Company in care of its Secretary at the principal executive office of the Company and to the
Participant at the address appearing in the personnel records of the Company for the Participant or
to either party at such other address as either party hereto may hereafter designate in writing to
the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11. Choice of Law. This Agreement shall be administered, interpreted and enforced
under the internal laws of the State of New York, without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of New York.

12. Option Subject to Plan. By entering into this Agreement the Participant agrees
and acknowledges that the Participant has received and read a copy of the Plan. The Option is
subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time
are hereby incorporated herein by reference. In the event of a conflict between any term or
provision contained herein and a term or provision of the Plan, the applicable terms and provisions
of the Plan will govern and prevail.

13. Signature in Counterparts. This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.

(Signature Page Follows)

 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above-written.

	 	 	 	 	 
	 

	 	OPNEXT, INC.	 	 
	 
	 	 	 	 
	 

	 	 

By:
	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 

	 	PARTICIPANT	 	 
	 
	 	 	 	 
	 

	 	 

Harry L. Bosco
	 	 

 

6Exhibit 10.3

Exhibit 10.3

OPNEXT, INC.

SECOND AMENDED AND RESTATED 2001 LONG-TERM STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT GRANT NOTICE

Opnext, Inc., a Delaware corporation (the “Company”), pursuant to the Opnext, Inc. Second
Amended and Restated 2001 Long-Term Stock Incentive Plan (the “Plan”), hereby grants to the
individual listed below (the “Participant”) the following award of Restricted Stock Units (“RSUs”).
This award of RSUs is subject to all of the terms and conditions set forth herein and in the
Restricted Stock Unit Agreement attached hereto as Appendix A (the “Restricted Stock Unit
Agreement”) and in the Plan, each of which is incorporated herein by reference. All capitalized
terms used and not otherwise defined in this Grant Notice or the Restricted Stock Unit Agreement
shall have the meanings ascribed to such terms in the Plan unless the context clearly indicates
otherwise.

	 	 	 
	Participant:

	 	Harry L. Bosco
	 
	 	 
	Grant Date:

	 	[__________  ____], 2011
	 
	 	 
	Number of RSUs:

	 	75,000 
	 
	 	 
	Vesting Schedule:

	 	Subject to the Participant’s continued employment with the Company, the
RSUs shall vest in full on June 10, 2011.
	 
	 	 
	 

	 	The RSUs shall be subject to accelerated vesting as
set forth in Section 3(b) of the Restricted Stock
Unit Agreement.
	 
	 	 
	Payment of RSUs:

	 	Vested RSUs shall be paid to the Participant in the form of Shares as set
forth in Section 4 of the Restricted Stock Unit Agreement.
	 
	 	 
	Termination of RSUs:

	 	In the event of a termination of the Participant’s employment with the
Company for any reason, all RSUs that have not vested prior to or in connection with
such termination shall be immediately forfeited by the Participant as of the date of
such termination without consideration therefor.

 

 

 

By his signature and the Company’s signature below, the Participant agrees to be bound by the terms
and conditions of the Plan, the Restricted Stock Unit Agreement and this Grant Notice. The
Participant has reviewed the Restricted Stock Unit Agreement, the Plan and this Grant Notice in
their entirety, has had an opportunity to obtain the advice of counsel prior to executing this
Grant Notice and fully understands all provisions of this Grant Notice, the Restricted Stock Unit Agreement and the Plan. In the event that there are any inconsistencies
between the terms of the Plan and the terms of this Grant Notice or the Restricted Stock Unit
Agreement, the terms of the Plan shall control. If the Participant is married, his spouse has
signed the Consent of Spouse attached to this Grant Notice as Exhibit B. The Participant
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Committee upon any questions arising under the Plan, this Grant Notice or the Restricted Stock Unit
Agreement.

IN WITNESS WHEREOF, this Grant Notice has been executed and delivered by the parties hereto as
of the Grant Date first written above.

	 	 	 	 	 	 	 	 	 
	OPNEXT, INC.:	 	PARTICIPANT:	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 	 	 

	 	 
	Print Name:

	 	 

	 	Print Name:
	 	 

	 	 
	 

	 	 

	 	 	 	 

	 	 
	Title:

	 	 	 	Address:	 	 	 	 
	 

	 	 

	 	 	 	 

	 	 
	 

	 	 

	 	 	 	 

	 	 

 

 

 

APPENDIX A

TO RESTRICTED STOCK UNIT GRANT NOTICE

RESTRICTED STOCK UNIT AGREEMENT

1. Grant. Pursuant to the Restricted Stock Unit Grant Notice (the “Grant Notice”) to
which this Restricted Stock Unit Agreement (the “Agreement”) is attached, Opnext, Inc., a Delaware
corporation (the “Company”), has granted to the Participant an award of 75,000 RSUs under the
Opnext, Inc. Second Amended and Restated 2001 Long-Term Stock Incentive Plan (the “Plan”) as set
forth in the Grant Notice, subject to all of the terms and conditions contained in this Agreement
and the Plan. All capitalized terms used but not defined herein shall have the meanings ascribed
to such terms in the Plan and the Grant Notice unless the context clearly indicates otherwise.

2. RSUs. Subject to the satisfaction of the applicable vesting requirements (as
provided in the Grant Notice and Section 3 below), each vested RSU represents the right to receive
payment, in accordance with Section 4 below, in the form of one Share. Unless and until an RSU
vests, the Participant will have no right to payment in respect of any such RSU. Prior to actual
payment in respect of any vested RSU, such RSU will represent an unsecured obligation of the
Company, payable (if at all) only from the general assets of the Company.

3. Vesting and Termination.

(a) The RSUs shall vest as set forth in the Grant Notice.

(b) Notwithstanding any other provisions of this Agreement to the contrary, subject to Section
3(c) below, in the event that (i) the Participant’s employment with the Company is terminated by
the Company without Cause (as defined in Section 3(d) below), (ii) the Board appoints a Chief
Executive Officer and President of the Company to succeed the Participant in such positions, (iii)
the Participant’s employment with the Company is terminated by reason of the Participant’s death or
Disability (as defined in Section 3(d) below), or (iv) a Change in Control occurs, the RSUs shall,
to the extent not then vested and not previously expired, cancelled or terminated, immediately
become fully vested.

(c) The RSUs shall terminate as set forth in the Grant Notice. No portion of the RSUs which
has not become vested as of the Participant’s termination of employment with the Company (after
giving effect to any accelerated vesting that occurs in connection therewith) shall thereafter
become vested.

(d) For purposes of this Agreement, “Cause” and “Disability” shall have the meanings ascribed
to such terms in that certain Employment Agreement, dated as of January 26, 2011, between the
Participant and the Company.

 

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4. Payment. Payments in respect of any RSUs that vest in accordance herewith shall be
made to the Participant (or in the event of the Participant’s death, to the Participant’s estate)
in whole Shares on or within fifteen (15) days following the earliest to occur of:

(i) January 26, 2012,

(ii) The date on which the Participant’s employment with the Company terminates for any
reason,

(iii) The date of the Participant’s death, or

(iv) The date of the occurrence of a Change in Control.

5. Tax Withholding. The Company shall have the authority and the right to deduct or
withhold, or to require the Participant to remit to the Company, an amount sufficient to satisfy
all applicable federal, state and local taxes (including the Participant’s employment tax
obligations, if any) required by law to be withheld with respect to any taxable event arising in
connection with the RSUs. In satisfaction of the foregoing requirement, the Company may permit the
Participant to elect to have the Company (either directly or through a broker-assisted transaction
directed by the Participant) withhold Shares otherwise issuable in respect of such RSUs having a
Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision
of the Plan or this Agreement, the number of Shares which may be so withheld in order to satisfy
the Participant’s income and payroll tax liabilities with respect to the issuance, vesting or
payment of the RSUs shall be limited to the number of shares which have a Fair Market Value on the
date of withholding equal to the aggregate amount of such liabilities based on the minimum
statutory withholding rates for income and payroll tax purposes that are applicable to such
supplemental taxable income.

6. Rights as Shareholder. Neither the Participant nor any person claiming under or
through the Participant will have any of the rights or privileges of a shareholder of the Company
in respect of any Shares that may become deliverable hereunder unless and until certificates
representing such Shares shall have been issued, recorded on the records of the Company or its
transfer agents or registrars, and delivered in certificate or book entry form to the Participant
or any person claiming under or through the Participant.

7. Non-Transferability. Neither the RSUs nor any interest or right therein shall be
liable for the debts, contracts or engagements of the Participant or his or her successors in
interest or shall be subject to disposition by transfer, alienation, anticipation, pledge,
encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or
by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void
and of no effect; provided, however, that this Section 7 shall not prevent
transfers by will or by the applicable laws of descent and distribution or pursuant to a domestic
relations order as defined by the Code or Title I of the Employee Retirement Income Security Act of
1974, as amended, or the rules thereunder.

 

A-2

 

8. Distribution of Stock. The Shares issued pursuant to this Agreement shall be held
in book entry form and no certificates shall be issued therefor; provided, however,
that certificates may be issued representing such Shares at the request of the Participant and in
accordance with the articles of incorporation and bylaws of the Company, as amended and supplemented from time to time. The Company shall not be required to issue such Shares in
book entry or certificated form prior to the fulfillment of all of the following conditions: (i)
the admission of such Shares to listing on all stock exchanges on which the stock of the Company is
then listed, (ii) the completion of any registration or other qualification of such Shares under
any state or federal law or under rulings or regulations of the Securities and Exchange Commission
or other governmental regulatory body which the Committee shall, in its sole and absolute
discretion, deem necessary and advisable, (iii) the obtaining of any approval or other clearance
from any state or federal governmental agency that the Committee shall, in its absolute discretion,
determine to be necessary or advisable, (iv) the lapse of such reasonable period of time as the
Committee may from time to time establish for reasons of administrative convenience, and (v) the
receipt by the Company of full payment of any applicable employment or withholding tax to the
Company. All certificates delivered or Shares recorded pursuant to this Agreement shall be subject
to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to
comply with federal, state, or local securities or other laws, rules and regulations and the rules
of any national securities exchange or automated quotation system on which the Shares are listed,
quoted, or traded. The Committee may place legends on any certificate to reference restrictions
applicable to the Shares. In addition to the terms and conditions provided herein, the Committee
may require that the Participant make such covenants, agreements, and representations as the
Committee, in its sole discretion, deems advisable in order to comply with any such laws,
regulations, or requirements. The Committee shall have the right to require the Participant to
comply with any timing or other restrictions with respect to the settlement of any RSUs pursuant to
this Agreement, including a window-period limitation, as may be imposed in the discretion of the
Committee. Any Shares distributed pursuant to this Agreement may consist, in whole or in part, of
authorized and unissued shares, treasury shares or shares purchased on the open market. No
fractional Shares shall be issued and the Committee shall determine, in its sole discretion,
whether cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be
eliminated by rounding up or down as appropriate.

9. No Effect on Employment or Service. Nothing in this Agreement or in the Plan shall
confer upon the Participant any right to continue to serve as an employee, consultant, member of
the Board or other service provider of the Company or any of its Affiliates.

10. Severability. In the event that any provision in this Agreement is held invalid
or unenforceable, such provision will be severable from, and such invalidity or unenforceability
will not be construed to have any effect on, the remaining provisions of this Agreement, which
shall remain in full force and effect.

11. Tax Consultation. The Participant understands that the Participant may suffer
adverse tax consequences in connection with the RSUs granted pursuant to this Agreement. The
Participant represents that the Participant has consulted with any tax consultants that the
Participant deems advisable in connection with the RSUs and that the Participant is not relying on
the Company for tax advice.

12. Amendments, Suspension and Termination. To the extent permitted by the Plan, this
Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Committee or the Board.

 

A-3

 

13. Conformity to Securities Laws. The Participant acknowledges that the Plan and
this Agreement are intended to conform to the extent necessary with all provisions of the
Securities Act of 1933, as amended, and the Exchange Act and any and all regulations and rules
promulgated by the Securities and Exchange Commission thereunder, and all applicable state
securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall
be administered, and the RSUs are granted, only in such a manner as to conform to such laws, rules
and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be
deemed amended to the extent necessary to conform to such laws, rules and regulations.

14. Limitations Applicable to Section 16 Persons. Notwithstanding any other provision
of the Plan or this Agreement, if the Participant becomes subject to Section 16 of the Exchange
Act, the Plan, the RSUs and this Agreement shall be subject to any additional limitations set forth
in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to
Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.
To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.

15. Code Section 409A. To the extent applicable, this Agreement shall be interpreted
and applied consistent and in accordance with Section 409A of the Code and Department of Treasury
regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of
the Plan, this Agreement or the Grant Notice to the contrary, if the Committee determines that any
amount payable under this Agreement may not be either exempt from or compliant with Section 409A of
the Code and related Department of Treasury guidance, the Committee may in its sole discretion
adopt such amendments to the Plan, this Agreement or the Grant Notice or adopt other policies and
procedures (including amendments, policies and procedures with retroactive effect), or take any
other actions, that the Committee determines are necessary or appropriate to (i) exempt the amounts
payable under this Agreement from Section 409A of the Code, (ii) comply with the requirements of
Section 409A of the Code and related Department of Treasury guidance, and/or (iii) otherwise avoid
the imposition of tax under Section 409A of the Code; provided, however, that
nothing contained in this Section 15 shall create any obligation on the part of the Committee to
adopt any such amendment, policy or procedure, to take any other action.

Notwithstanding anything herein to the contrary, no payment shall be made to the Participant
hereunder during the six-month period following the Participant’s “separation from service” (within
the meaning of Section 409A of the Code) (“Separation from Service”) if the Participant is a
“specified employee” (within the meaning of Section 409A of the Code) on the date of his or her
Separation from Service (as determined by the Company in accordance with Section 409A of the Code)
and the Company determines that paying such amounts at the time set forth in Section 4 above would
be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any
such amounts is delayed as a result of the previous sentence, then on the first day following the
end of such six-month period, the Company shall pay the Participant the cumulative amounts that
would have otherwise been payable to the Participant during such six-month period.

 

A-4

 

16. Adjustments. The Participant acknowledges that the RSUs are subject to
modification and termination in certain events as provided in this Agreement and Section 13 of the
Plan.

17. Notices. Notices required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the United States mail
by certified mail, with postage and fees prepaid, addressed to the Participant to his or her
address shown in the Company records, and to the Company at its principal executive office.

18. Successors and Assigns. The Company may assign any of its rights under this
Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer contained herein,
this Agreement shall be binding upon the Participant and his or her heirs, executors,
administrators, successors and assigns.

19. Governing Law. This Agreement shall be administered, interpreted and enforced
under the internal laws of the State of New York, without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of New York.

20. Captions. Captions provided herein are for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement.

 

A-5

 

EXHIBIT B

TO RESTRICTED STOCK UNIT GRANT NOTICE

CONSENT OF SPOUSE

  I,                                         , spouse of Harry L. Bosco, have read and approve the
foregoing Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement (the “Agreement”).
In consideration of issuing to my spouse the Restricted Stock Units of Opnext, Inc. set forth in
the Grant Notice and the Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to
the exercise of any rights under the Grant Notice and the Agreement and agree to be bound by the
provisions thereof insofar as I may have any rights therein or in or to any shares of the common
stock of Opnext, Inc. issued pursuant thereto under the community property laws or similar laws
relating to marital property in effect in the state of our residence as of the date of the signing
of the Grant Notice and the Agreement.

	 	 	 	 	 	 	 
	Dated:                              
           ,  _____ 

	 	 	 	 

Signature of Spouse
	 	 

 

B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}]]