Document:

exv10w1

 

Exhibit 10.1

Restricted Stock Award Agreement

SOMERA COMMUNICATIONS, INC.

1999 STOCK PLAN

NOTICE OF GRANT OF STOCK PURCHASE RIGHT

     Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings in this Notice of Grant.

Name:

Address:

     You have been granted the right to purchase Common Stock of the Company, subject to the
Company’s Repurchase Option and your ongoing status as a Service Provider (as described in the Plan
and the attached Restricted Stock Purchase Agreement), as follows:

	 	 
	Grant Number

	 

	Date of Grant

	 

	Price Per Share

	$ 

	Total Number of Shares Subject

to this Stock Purchase Right

	 

	Release of Shares

	__________________of the Shares shall be
released from the Company’s Repurchase
Option at the end of the
	 

	__________________after the Date of
Grant and

__________________of the
Shares at the end of each
	 

	__________________thereafter], provided
that you do not cease to be a Service
Provider prior to the date of any such
release.
	Change of Control Conditions (4(d))

	 

	Expiration Date:

	 

YOU MUST EXERCISE THIS STOCK PURCHASE RIGHT BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE
AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES. By your signature and the
signature of the Company’s representative below, you and the Company agree that this Stock
Purchase Right is granted under and governed by the terms and conditions of the 1999 Stock
Plan and the Restricted Stock Purchase

Agreement, attached hereto as Exhibit A-1, both of which are made a part of this
document. You further agree to execute the attached Restricted Stock Purchase Agreement as
a condition to purchasing any shares under this Stock Purchase Right.

	 	 
	GRANTEE:

	SOMERA COMMUNICATIONS, INC.
	 
	 

	By:
________________________

	 

	Title:___________________________

 

EXHIBIT A-1

SOMERA COMMUNICATIONS, INC.

1999 STOCK PLAN

RESTRICTED STOCK PURCHASE AGREEMENT

     Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings in this Restricted Stock Purchase Agreement.

     WHEREAS the Purchaser named in the Notice of Grant, (the “Purchaser”) is a Service Provider,
and the Purchaser’s continued participation is considered by the Company to be important for the
Company’s continued growth; and

     WHEREAS in order to give the Purchaser an opportunity to acquire an equity interest in the
Company as an incentive for the Purchaser to participate in the affairs of the Company, the
Administrator has granted to the Purchaser a Stock Purchase Right subject to the terms and
conditions of the Plan and the Notice of Grant, which are incorporated herein by reference, and
pursuant to this Restricted Stock Purchase Agreement (the “Agreement”).

     NOW THEREFORE, the parties agree as follows:

     1. Sale of Stock. The Company hereby agrees to sell to the Purchaser and the
Purchaser hereby agrees to purchase shares of the Company’s Common Stock (the “Shares”), at the per
Share purchase price and as otherwise described in the Notice of Grant.

     2. Payment of Purchase Price. The purchase price for the Shares may be paid by
delivery to the Company at the time of execution of this Agreement of cash, a check, or some
combination thereof.

     3. Repurchase Option.

          (a) In the event the Purchaser ceases to be a Service Provider for any or no reason (including
death or disability) before all of the Shares are released from the Company’s Repurchase Option
(see Section 4), the Company shall, upon the date of such termination (as reasonably fixed and
determined by the Company) have an irrevocable, exclusive option (the “Repurchase Option”) for a
period of sixty (60) days from such date to repurchase up to that number of shares which constitute
the Unreleased Shares (as defined in Section 4) at the original purchase price per share (the
“Repurchase Price”). The Repurchase Option shall be exercised by the Company by delivering written
notice to the Purchaser or the Purchaser’s executor (with a copy to the Escrow Holder) AND, at the
Company’s option, (i) by delivering to the Purchaser or the Purchaser’s executor a check in the
amount of the aggregate Repurchase Price, or (ii) by canceling an amount of the Purchaser’s
indebtedness to the Company equal to the aggregate Repurchase Price, or (iii) by a combination of
(i) and (ii) so that the combined payment and cancellation of indebtedness equals the aggregate
Repurchase Price. Upon delivery of such notice and the payment of the aggregate Repurchase Price,
the Company shall become the legal and beneficial owner of the Shares being repurchased and all
rights and interests therein or relating thereto, and the Company shall have the right to retain
and transfer to its own name the number of Shares being repurchased by the Company.

          (b) Whenever the Company shall have the right to repurchase Shares hereunder, the Company may
designate and assign one or more employees, officers, directors or shareholders of the Company or
other persons or organizations to exercise all or a part of the Company’s purchase rights under
this Agreement and purchase all or a part of such Shares.

 

 

     4. Release of Shares From Repurchase Option.

          (a) Shares shall be released from the Company’s Repurchase Option on the dates set forth in
the Notice of Grant, provided that the Purchaser does not cease to be a Service Provider prior to
the date of any such release.

          (b) Any of the Shares that have not yet been released from the Repurchase Option are referred
to herein as “Unreleased Shares.”

          (c) The Shares that have been released from the Repurchase Option shall be delivered to the
Purchaser at the Purchaser’s request (see Section 6).

          (d) Subject to any conditions set forth in the Notice of Grant, all Shares that have not yet
been released from the Repurchase Option shall be released from the Company’s Repurchase Option on
the date on which a Change of Control occurs, provided that the Purchaser does not cease to be a
Service Provider prior to the date of such release. For purposes of this Agreement, “Change of
Control” is defined as: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended) is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50%
or more of the total voting power represented by the Company’s then outstanding voting securities;
or (ii) a change in the composition of the Board occurring within a two-year period, as a result of
which fewer than a majority of the directors are Incumbent Directors; (iii) the date of the
consummation of a merger or consolidation of the Company with any other corporation that has been
approved by the stockholders of the Company, 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 fifty percent (50%) of the total voting power represented by the
voting securities of the Company or such surviving entity outstanding immediately after such merger
or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the
Company; or (iv) the date of the consummation of the sale or disposition by the Company of all or
substantially all the Company’s assets. “Incumbent Directors” will mean directors who either (A)
are directors of the Company as of the date hereof, or (B) are elected, or nominated for election,
to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the
time of such election or nomination (but will not include an individual whose election or
nomination is in connection with an actual or threatened proxy contest relating to the election of
directors to the Company).

     5. Restriction on Transfer. Except for the escrow described in Section 6 or the
transfer of the Shares to the Company or its assignees contemplated by this Agreement, none of the
Shares or any beneficial interest therein shall be transferred, encumbered or otherwise disposed of
in any way until such Shares are released from the Company’s Repurchase Option in accordance with
the provisions of this Agreement, other than by will or the laws of descent and distribution.

     6. Escrow of Shares.

          (a) To ensure the availability for delivery of the Purchaser’s Unreleased Shares upon
repurchase by the Company pursuant to the Repurchase Option, the Purchaser shall, upon execution of
this Agreement, deliver and deposit with an escrow holder designated by the Company (the “Escrow
Holder”) the share certificates representing the Unreleased Shares, together with the stock
assignment duly endorsed in blank, attached hereto as Exhibit A-2. The Unreleased Shares
and stock assignment shall be held by the Escrow Holder, pursuant to the Joint Escrow Instructions
of the Company and Purchaser attached hereto as Exhibit A-3, until such time as the
Company’s Repurchase Option expires.

 

 

          (b) The Escrow Holder shall not be liable for any act it may do or omit to do with respect to
holding the Unreleased Shares in escrow while acting in good faith and in the exercise of its
judgment.

          (c) If the Company or any assignee exercises the Repurchase Option hereunder, the Escrow
Holder, upon receipt of written notice of such exercise from the proposed transferee, shall take
all steps necessary to accomplish such transfer.

          (d) When the Repurchase Option has been exercised or expires unexercised or a portion of the
Shares has been released from the Repurchase Option, upon request the Escrow Holder shall promptly
cause a new certificate to be issued for the released Shares and shall deliver the certificate to
the Company or the Purchaser, as the case may be.

          (e) Subject to the terms hereof, the Purchaser shall have all the rights of a shareholder with
respect to the Shares while they are held in escrow, including without limitation, the right to
vote the Shares and to receive any cash dividends declared thereon. If, from time to time during
the term of the Repurchase Option, there is (i) any stock dividend, stock split or other change in
the Shares, or (ii) any merger or sale of all or substantially all of the assets or other
acquisition of the Company, any and all new, substituted or additional securities to which the
Purchaser is entitled by reason of the Purchaser’s ownership of the Shares shall be immediately
subject to this escrow, deposited with the Escrow Holder and included thereafter as “Shares” for
purposes of this Agreement and the Repurchase Option.

     7. Legends. The share certificate evidencing the Shares, if any, issued hereunder
shall be endorsed with the following legend (in addition to any legend required under applicable
state securities laws):

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON
TRANSFER AND RIGHTS OF REPURCHASE AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY
AND THE SHAREHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.

     8. Adjustment for Stock Split. All references to the number of Shares and the
purchase price of the Shares in this Agreement shall be appropriately adjusted to reflect any stock
split, stock dividend or other change in the Shares that may be made by the Company after the date
of this Agreement.

     9. Tax Consequences. The Purchaser has reviewed with the Purchaser’s own tax advisors
the federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. The Purchaser is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. The Purchaser understands that
the Purchaser (and not the Company) shall be responsible for the Purchaser’s own tax liability that
may arise as a result of the transactions contemplated by this Agreement. The Purchaser
understands that Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as
ordinary income the difference between the purchase price for the Shares and the Fair Market Value
of the Shares as of the date any restrictions on the Shares lapse. In this context, “restriction”
includes the right of the Company to buy back the Shares pursuant to the Repurchase Option. The
Purchaser understands that the Purchaser may elect to be taxed at the time the Shares are purchased
rather than when and as the Repurchase Option expires by filing an election under Section 83(b) of
the Code with the IRS within 30 days from the date of purchase. The form for making this election
is attached as Exhibit A-4 hereto.

THE PURCHASER ACKNOWLEDGES THAT IT IS THE PURCHASER’S SOLE RESPONSIBILITY AND NOT
THE COMPANY’S TO FILE TIMELY THE

 

 

ELECTION UNDER SECTION 83(b), EVEN IF THE PURCHASER REQUESTS THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING ON THE PURCHASER’S BEHALF.

     10. General Provisions.

          (a) This Agreement shall be governed by the internal substantive laws, but not the choice of
law rules of California. This Agreement, subject to the terms and conditions of the Plan and the
Notice of Grant, represents the entire agreement between the parties with respect to the purchase
of the Shares by the Purchaser. Subject to Section 15(c) of the Plan, in the event of a conflict
between the terms and conditions of the Plan and the terms and conditions of this Agreement, the
terms and conditions of the Plan shall prevail. Unless otherwise defined herein, the terms defined
in the Plan shall have the same defined meanings in this Agreement.

          (b) The rights of the Company under this Agreement shall be transferable to any one or more
persons or entities, and all covenants and agreements hereunder shall inure to the benefit of, and
be enforceable by the Company’s successors and assigns. The rights and obligations of the
Purchaser under this Agreement may only be assigned with the prior written consent of the Company.

          (c) Either party’s failure to enforce any provision of this Agreement shall not in any way be
construed as a waiver of any such provision, nor prevent that party from thereafter enforcing any
other provision of this Agreement. The rights granted both parties hereunder are cumulative and
shall not constitute a waiver of either party’s right to assert any other legal remedy available to
it.

          (d) The Purchaser agrees upon request to execute any further documents or instruments
necessary or desirable to carry out the purposes or intent of this Agreement.

          (e) PURCHASER ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO SECTION 4 HEREOF
IS EARNED ONLY BY CONTINUING SERVICE AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (AND NOT
THROUGH THE ACT OF BEING HIRED OR PURCHASING SHARES HEREUNDER). PURCHASER FURTHER ACKNOWLEDGES AND
AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET
FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE
PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH
PURCHASER’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE PURCHASER’S RELATIONSHIP AS A SERVICE
PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

     By Purchaser’s signature below, Purchaser represents that he or she is familiar with the terms
and provisions of the Plan, and hereby accepts this Agreement subject to all of the terms and
provisions thereof. Purchaser has reviewed the Plan and this Agreement in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Agreement and fully
understands all provisions of this

 

 

Agreement. Purchaser agrees to accept as binding, conclusive and final all decisions or
interpretations of the Administrator upon any questions arising under the Plan or this Agreement.
Purchaser further agrees to notify the Company upon any change in the residence indicated in the
Notice of Grant.

	 	 	 	 	 	 	 
	DATED:

	 	 
	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	PURCHASER:	 	 	 	SOMERA COMMUNICATIONS, INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	Signature	 	 	 	By
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	Print Name	 	 	 	Title

 

 

EXHIBIT A-2

ASSIGNMENT SEPARATE FROM CERTIFICATE

     FOR VALUE RECEIVED I,                                         , hereby sell, assign and transfer unto Somera
Communications, Inc.                                 shares of the Common Stock of Somera Communications, Inc., standing in
my name of the books of said corporation represented by Certificate No.                      herewith and do
hereby irrevocably constitute and appoint                                         to transfer the said stock on the
books of the within named corporation with full power of substitution in the premises.

     This Stock Assignment may be used only in accordance with the Restricted Stock Purchase
Agreement (the “Agreement”) between                                         and the undersigned dated
                                        ,                    .

Dated:                                        ,                  

Signature:                                                     

Print:                                                            

INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this
assignment is to enable the Company to exercise the Repurchase Option, as set forth in the
Agreement, without requiring additional signatures on the part of the Purchaser.

 

 

EXHIBIT A-3

JOINT ESCROW INSTRUCTIONS

Effective: December 1, 2005

Mr. Kent Coker

Corporate Secretary

Somera Communications, Inc.

301 S. Northpoint Drive

Coppell, Texas 75019

Dear Mr. Coker:

     As Escrow Agent for both Somera Communications, Inc., a Delaware corporation (the “Company”),
and the undersigned purchaser of stock of the Company (the “Purchaser”), you are hereby authorized
and directed to hold the documents delivered to you pursuant to the terms of that certain
Restricted Stock Purchase Agreement (“Agreement”) between the Company and the undersigned, in
accordance with the following instructions:

     11. In the event the Company and/or any assignee of the Company (referred to collectively as
the “Company”) exercises the Company’s Repurchase Option set forth in the Agreement, the Company
shall give to Purchaser and you a written notice specifying the number of shares of stock to be
purchased, the purchase price, and the time for a closing hereunder at the principal office of the
Company. Purchaser and the Company hereby irrevocably authorize and direct you to close the
transaction contemplated by such notice in accordance with the terms of said notice.

	 	1.	 	At the closing, you are directed (a) to date the stock assignments necessary
for the transfer in question, (b) to fill in the number of shares being transferred,
and (c) to deliver same, together with the certificate evidencing the shares of stock
to be transferred, to the Company or its assignee, against the simultaneous delivery to
you of the purchase price (by cash, a check, or some combination thereof) for the
number of shares of stock being purchased pursuant to the exercise of the Company’s
Repurchase Option.
	 
	 	2.	 	Purchaser irrevocably authorizes the Company to deposit with you any
certificates evidencing shares of stock to be held by you hereunder and any additions
and substitutions to said shares as defined in the Agreement. Purchaser does hereby
irrevocably constitute and appoint you as Purchaser’s attorney-in-fact and agent for
the term of this escrow to execute with respect to such securities all documents
necessary or appropriate to make such securities negotiable and to complete any
transaction herein contemplated, including but not limited to the filing with any
applicable state blue sky authority of any required applications for consent to, or
notice of transfer of, the securities. Subject to the provisions of this paragraph 3,
Purchaser shall exercise all rights and privileges of a shareholder of the Company
while the stock is held by you.

 

 

	 	3.	 	Upon written request of the Purchaser, but no more than once per calendar year,
unless the Company’s Repurchase Option has been exercised, you shall deliver to
Purchaser a certificate or certificates representing so many shares of stock as are not
then subject to the Company’s Repurchase Option. Within 90 days after Purchaser ceases
to be a Service Provider, you shall deliver to Purchaser a certificate or certificates
representing the aggregate number of shares held or issued pursuant to the Agreement and
not purchased by the Company or its assignees pursuant to exercise of the Company’s
Repurchase Option.
	 
	 	4.	 	If at the time of termination of this escrow you should have in your possession
any documents, securities, or other property belonging to Purchaser, you shall deliver
all of the same to Purchaser and shall be discharged of all further obligations
hereunder.
	 
	 	5.	 	Your duties hereunder may be altered, amended, modified or revoked only by a
writing signed by all of the parties hereto.
	 
	 	6.	 	You shall be obligated only for the performance of such duties as are
specifically set forth herein and may rely and shall be protected in relying or
refraining from acting on any instrument reasonably believed by you to be genuine and to
have been signed or presented by the proper party or parties. You shall not be
personally liable for any act you may do or omit to do hereunder as Escrow Agent or as
attorney-in-fact for Purchaser while acting in good faith, and any act done or omitted
by you pursuant to the advice of your own attorneys shall be conclusive evidence of such
good faith.
	 
	 	7.	 	You are hereby expressly authorized to disregard any and all warnings given by
any of the parties hereto or by any other person or corporation, excepting only orders
or process of courts of law, and are hereby expressly authorized to comply with and
obey orders, judgments or decrees of any court. In case you obey or comply with any
such order, judgment or decree, you shall not be liable to any of the parties hereto or
to any other person, firm or corporation by reason of such compliance, notwithstanding
any such order, judgment or decree being subsequently reversed, modified, annulled, set
aside, vacated or found to have been entered without jurisdiction.
	 
	 	8.	 	You shall not be liable in any respect on account of the identity, authorities or
rights of the parties executing or delivering or purporting to execute or deliver the
Agreement or any documents or papers deposited or called for hereunder.
	 
	 	9.	 	You shall not be liable for the outlawing of any rights under the statute of
limitations with respect to these Joint Escrow Instructions or any documents deposited
with you.
	 
	 	10.	 	You shall be entitled to employ such legal counsel and other experts as you may
deem necessary properly to advise you in connection with your obligations hereunder,
may rely upon the advice of such counsel, and may pay such counsel reasonable
compensation therefore.

 

 

	 	11.	 	Your responsibilities as Escrow Agent hereunder shall terminate if you shall
cease to be an officer or agent of the Company or if you shall resign by written notice
to each party. In the event of any such termination, the Company shall appoint a
successor Escrow Agent.
	 
	 	12.	 	If you reasonably require other or further instruments in connection with these
Joint Escrow Instructions or obligations in respect hereto, the necessary parties
hereto shall join in furnishing such instruments.
	 
	 	13.	 	It is understood and agreed that should any dispute arise with respect to the
delivery and/or ownership or right of possession of the securities held by you
hereunder, you are authorized and directed to retain in your possession without
liability to anyone all or any part of said securities until such disputes shall have
been settled either by mutual written agreement of the parties concerned or by a final
order, decree or judgment of a court of competent jurisdiction after the time for
appeal has expired and no appeal has been perfected, but you shall be under no duty
whatsoever to institute or defend any such proceedings.
	 
	 	14.	 	Any notice 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
Post Office, by registered or certified mail with postage and fees prepaid, addressed
to each of the other parties thereunto entitled at the following addresses or at such
other addresses as a party may designate by ten days’ advance written notice to each of
the other parties hereto.

	 	 	 	 	 	 	 	 	 
	 

	 	COMPANY:
	 	 
	 	SOMERA COMMUNICATIONS, INC.

301 S. Northpoint Drive

Coppell, Texas 75019
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	PURCHASER:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	1.	 	 	 	 	 	 
	 

	 	2.
	 	 	 	ESCROW AGENT: Kent Coker	 	 
	 

	 	 	 	 	 	3. Corporate Secretary

Somera Communications, Inc.

301 S. Northpoint Drive

Coppell, Texas 75019	 	 

	 	15.	 	By signing these Joint Escrow Instructions, you become a party hereto only for
the purpose of said Joint Escrow Instructions; you do not become a party to the
Agreement.
	 
	 	16.	 	This instrument shall be binding upon and inure to the benefit of the parties
hereto, and their respective successors and permitted assigns.

 

 

	 	17.	 	These Joint Escrow Instructions shall be governed by, and construed and enforced
in accordance with, the internal substantive laws, but not the choice of law rules, of
California.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	SOMERA COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Signature	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Print Name	 	 

ESCROW AGENT:

                                        

Corporate Secretary

 

 

EXHIBIT A-4

ELECTION UNDER SECTION 83(b)

OF THE INTERNAL REVENUE CODE OF 1986

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of
1986, as amended, to include in taxpayer’s gross income for the current taxable year the amount of
any compensation taxable to taxpayer in connection with his or her receipt of the property
described below:

The name, address, taxpayer identification number and taxable year of the undersigned are as
follows:

	 	 	 	 	 	 	 
	 

	 	NAME:
	 	TAXPAYER:
	 	SPOUSE:
	 
	 	 	 	 	 	 
	 

	 	ADDRESS:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	IDENTIFICATION NO.:
	 	TAXPAYER:
	 	SPOUSE:
	 
	 	 	 	 	 	 
	 

	 	TAXABLE YEAR:	 	 	 	 

	1.	 	The property with respect to which the election is made is described as follows:                                        shares
(the “shares”)of the Common Stock of Somera Communications,
Inc. (the “Company”).

	 
	2.	 	The date on which the property was transferred is:                                        ,                    .
	 
	3.	 	The property is subject to the following restrictions:

The Shares may be repurchased by the Company, or its assignee, upon certain events. This
right lapses with regard to a portion of the Shares based on the continued performance of
services by the taxpayer over time.

	4.	 	The fair market value at the time of transfer, determined without regard to any restriction
other than a restriction which by its terms will never lapse, of such property is: $                    .
	 
	5.	 	The amount (if any) paid for such property is: $                    .

The undersigned has submitted a copy of this statement to the person for whom the services were
performed in connection with the undersigned’s receipt of the above-described property. The
transferee of such property is the person performing the services in connection with the transfer
of said property.

The undersigned understands that the foregoing election may not be revoked except with the
consent of the Commissioner.

	 	 	 	 	 
	Dated:

	 	                                        ,                    
	 	                                        
	 

	 	 	 	Taxpayer

The undersigned spouse of taxpayer joins in this election.

	 	 	 	 	 
	 

	 	 	 	                                        
	Dated:

	 	                                        ,                    
	 	Spouse of Taxpayerexv10w2

 

Exhibit 10.2

	 	 	 
	HUMAN RESOURCES POLICIES:

	 	COMPENSATION     No. 308

	 
	Section:

	 	Operating Income Bonus Plan — U.S.
	 
	Revised:

	 	12/31/05; 6/19/06

 

POLICY

It is the policy of Somera Communications to share the positive results of meeting or exceeding
business plan performance with employees who are not subject to other variable or incentive
compensation plans (Sales, Repair Sales, Supply).

COMMENT

	1.	 	To be eligible for participation in the Operating Income Bonus Plan, an employee must:

	 	•	 	be a regular full-time or regular part-time employee who regularly works a minimum
of 24 hours per week.
	 
	 	•	 	be actively employed and on the payroll for the entire quarter. New hires may
receive a prorated bonus based on total time worked during the quarter.
	 
	 	•	 	be actively employed on the date the payouts are made.
	 
	 	•	 	not be participating in any other variable or incentive compensation plan (only
exceptions are those approved by the Board of Directors).
	 
	 	•	 	not be entitled to receive commission or incentive compensation under any other
plan.

	2.	 	All jobs at Somera are evaluated, rated and placed in a specific salary level on the
Compensation and Leveling Matrix. Each level is assigned a salary range, target bonus, and
initial options range. It is the Matrix that is used to determine each employee’s Personal
Target Bonus. For certain positions, a Personal Target Bonus may also be established in an
employment contract.

	3.	 	Employees who are on a formal written Corrective Action Plan will not be paid an Operating
Income Bonus until such time as they have successfully completed their Corrective Action
period and are returned to regular status. Should an employee on Corrective Action status be
terminated, no Operating Income Bonus will be paid at termination.

	4.	 	Employees on an approved LOA during the quarter may receive a prorated bonus upon return from
LOA if they worked at anytime during the quarter.

	5.	 	Payout for Operating Income Bonuses is contingent upon closing the books for the quarter and
subsequent approval of such payouts by the Board of Directors. It is anticipated that the
timing for this action would be approximately 45 days after the end of the quarter.

	6.	 	A special individual achievement, completion, retention or other bonus may be granted to any
employee at any time and payable on any conditions determined at the discretion of the CEO
with BOD approval required for amounts exceeding $25,000.
	 
	7.	 	Operating Income bonus is based on salary in effect on last day of the quarter.

	 
	8.	 	Operating Income Bonuses are paid only when:

	 	•	 	Company meets 100% or more of the business plan AND is profitable

 

 

	 	•	 	Company meets 100% or more of the business plan BUT is not profitable — at the
discretion of the CEO and with BOD approval, a payout may be made at 50% of target
bonus (7.5% or 1/2 of the target bonus of 15%)

	9.	 	Below is the chart that is used for calculating bonus payouts based on business performance.

Operating Income Bonus Payout Formula

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Business Plan	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Performance	 	 	Q1	 	 	 	Q2	 	 	 	Q3	 	 	 	Q4	 	 	 	YR	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	125%
	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	60.0	%	 
	 	110%
	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	50.0	%	 
	 	100%**
	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	40.0	%	 
	 	***Target Bonus
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

Operating Income Bonus Plan Example

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Business Plan	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Performance	 	 	Q1	 	 	 	Q2	 	 	 	Q3	 	 	 	Q4	 	 	 	YR	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	125%
	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	22.5	%	 	 	 	60.0	%	 
	 	110%
	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	18.75	%	 	 	 	50.0	%	 
	 	100%**
	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	15.0	%	 	 	 	40.0	%	 
	 	***Target Bonus
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Sam is paid an annual salary of $35,000.

Based on the Compensation and Leveling Plan Matrix, the level of Sam’s job means that he
is eligible for a target Operating Income Bonus each year equal to 10% of his salary
($3,500).

In Q1, Somera meets 100% or more of Business Plan Performance, but is not
profitable. The CEO and BOD approve a payout. Sam will receive 7.5% of his
$3,500 Operating Income Bonus representing 50% of the target bonus ($262.50).

In Q2, Somera exceeds Business Plan Performance and is profitable at 105% of
target. Sam receives 15% of his $3,500 Operating Income Bonus ($525).

In Q3, Somera exceeds Business Plan Performance and is profitable at 140% of
target. Sam receives 22.5% of his $3,500 Operating Income Bonus ($875)

For the entire year, the Company exceeds Business Plan Performance and is overall
profitable at 100% of target for the year. Sam receives a yearend bonus of 40% of his
$3,500 Operating Income Bonus ($1,400).

2

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