Document:

MRV Communications, Inc. Exhibit 4.1

Exhibit 4.1

2001 MRV Communications, Inc. Stock Option Plan

for Employees of Appointech, Inc.

1. Purpose. The purpose of the 2001 MRV Communications, Inc. Stock Option
Plan (the “Plan”) for employees of Appointech, Inc. (“Appointech”) is to
induce key employees of Appointech, a majority owned subsidiary of MRV
Communications, Inc. (the “Company”), to remain in the employ of the Company
or of any subsidiary of the Company, to encourage such employees to secure or
increase on reasonable terms their stock ownership in the Company and to
replace options such employees had or may have had with Appointech prior to its
acquisition by the Company. The board of directors of the Company believes the
Plan will promote continuity of management and increased incentive and personal
interest in the welfare of the Company by those who are primarily responsible
for shaping and carrying out the long-range plans of Appointech and securing
its continued growth and financial success.

     2. Effective Date of the Plan. The Plan shall become effective on January
19, 2001, the closing date of the acquisition of Appointech by the Company.

     3. Stock Subject to Plan. The maximum number of common shares that may be
issued pursuant to the exercise of options granted under the Plan (“Options”)
is four hundred eighty five thousand five hundred and thirty two (485,532)
subject to the adjustments provided in paragraph 13 below. Four hundred
eighty five thousand five hundred thirty two (485,532) of the authorized but
unissued common shares of the Company will be reserved for issue upon exercise
of Options subject to the adjustments provided in paragraph 13 below; provided,
however, that the number of such authorized but unissued shares so reserved may
from time to time be reduced to the extent that a corresponding amount of
issued and outstanding shares have been purchased by the Company and set aside
for issue upon the exercise of Options. If any Options shall expire or
terminate for any reason without having been exercised in full, the unpurchased
shares subject thereto shall again be available for further grants under the
Plan.

     4. Administration. The Plan shall be administered by the Board of
Directors (the “Board”) or the Compensation Committee of the Board (the
“Compensation Committee”) of the Company. The Board or Compensation Committee
shall have the sole authority, in its absolute discretion, to determine which
of the eligible persons of Appointech shall receive Options (“Optionees”), and,
subject to the express provisions and restrictions of this Plan, shall have
sole authority, in its absolute discretion, to determine the time when Options
shall be granted, the terms and conditions of an Option other than those terms
and conditions fixed under this Plan, the number of shares which may be issued
upon exercise of an Option and the means of payment for such shares, and shall
have authority to do everything necessary or appropriate to administer the
Plan. All decisions, determinations and interpretations of the Board or
Compensation Committee shall be final and binding on all Optionees.

     5. Eligibility. The Board or Compensation Committee, may, in its
discretion, grant one or more Options under the Plan to any employee of
Appointech who is not an officer of the Company or member of the Board or any
person who is not an officer of the Company or member of the Board and who
performs consulting or other services for Appointech, the Company or its
affiliated companies and who is designated by the Board as eligible to
participate in the Plan. Such Options may be granted to one or more such
persons without being granted to other eligible persons, as the Board or
Compensation Committee may deem fit. Notwithstanding the provisions of this
Section, the Board or Compensation Committee may, in its discretion, grant one
or more Options under the Plan to any person not previously employed by
Appointech as an inducement essential to the individual’s entering into an
employment contract with Appointech. As used in this Plan, “officer of the
Company” means the chief executive officer, president, chief financial officer,
chief accounting officer, any vice president in charge of a principal business
function (such as sales, administration, or finance) and any other person who
performs similar policy-making functions for the Company.

     6. Option Price. The option price will be determined by the Board or
Compensation Committee at the time the option is granted and may be granted at
less than the fair market value of the common shares on the date of grant as
shall reasonably be determined by the Board or Compensation Committee.

     7. Date of Option Grant. An option shall be considered granted on the
date the Board or Compensation Committee acts to grant the option, or such date
thereafter as the Board or Compensation Committee shall specify.

     8. Term of Plan. The board of directors, without approval of the
shareholders may terminate the Plan at any time, but no termination shall,
without the participant’s consent, alter or impair any of the rights under any
option theretofore granted to him under the Plan.

     9. Term of Options. The term of each option granted under the Plan will
be for such period (hereinafter referred to as the “option period”) not
exceeding five (5) years as the Board or Compensation Committee shall
determine. Each option shall be subject to earlier termination as described
under “exercise of options.”

     10. Exercise of Options. Each option granted under the Plan will be
exercisable on such date or dates and during such period and for such number of
shares as shall be determined pursuant to the provisions of the option
agreement evidencing such option. Subject to the express provisions of the
Plan, the Board or Compensation Committee shall have complete authority, in its
discretion, to determine the extent, if any, and the conditions under which an
option may be exercised in the event of the death of the participant or in the
event the participant leaves the employ of the Company or has his or her
employment terminated by the Company. An option may be exercised, by (a)
written notice of intent to exercise the option with respect to a specified
number of shares of stock, and (b) payment to the Company of the amount of the
option purchase price for the number of shares of stock with respect to which
the option is then exercised.

     11. Nontransferability. Options under the Plan are not transferable
otherwise than by will or the laws of descent or distribution, and may be
exercised during the lifetime of a participant only by such participant.

     12. Agreements. Options granted pursuant to the Plan shall be evidenced
by stock option agreements in such form as the Board or Compensation Committee
shall from time to time adopt.

     13. Sale or Reorganization of Company. Upon the consummation of a
transaction: (i) that by its terms offers to all or substantially all of the
stockholders of the Company an opportunity to receive cash or securities
(whether debt, equity or other and whether issued by the Company or a third
party) in exchange for all or a portion of their shares of common stock of the
Company, provided, however, a sale of the Company shall not be considered to
have occurred as a result of the pro rata distribution by the Company to its
stockholders of capital stock of any of its subsidiaries; (ii) in which the
stockholders of the Company approve a plan of complete dissolution or
liquidation of the Company; or (iii) that involves the sale of all or
substantially all of the Company’s property or a sale of more than eighty
percent (80%) of the then outstanding stock of the Company to another
corporation (each transaction a “Sale”), the Board may, without limitation and
in its sole and absolute discretion, do any, or any combination, of the
following:

               a. declare that the time period relating to the exercise of any Stock
Option shall accelerate and become exercisable;

               b. declare that the value of all or some of the outstanding Options shall,
to the extent determined by the Board at or after grant, be cashed out by a
payment of cash or other property, as the Board may determine, on the basis of
the “Sale Price” (as defined in below) as of the date the Sale occurs or such
other date as the Board may determine prior to the Sale;

               c. permit a successor corporation, if applicable, pursuant to a written
agreement signed by the parties, to substitute equivalent Options or provide
substantially similar consideration to Optionees as was or will be provided to
stockholders of the Company after making any appropriate adjustment as such
parties deem necessary or appropriate for restrictions attaching to such
Options, including, but not limited to, vesting and exercise price; or

               d. declare that any unexercised Options issued hereunder (or any
unexercised portion

thereof) shall terminate and cease to be effective.

          For purposes of this Section 13, “Sale Price” means the higher of (i) the
highest price per share paid in any transaction related to a Sale of the
Company or (ii) the highest price per share paid in any transaction reported on
the exchange or national market system on which the Common Stock is listed, at
any time during the preceding sixty (60) day period as determined by the Board.

          An Optionee’s individual stock option agreement may, but is not required
to, provide what occurs upon a Sale. To the extent an Optionee’s individual
stock option agreement determines what occurs upon a Sale, the terms of such
stock option agreement shall be dispositive in the event of a Sale; provided
that if the terms of such Optionee’s individual stock option agreement,
together with the terms of any other stock option agreement granted hereunder,
pertaining to what occurs upon a Sale would materially impair an acquiror’s
ability to use the “pooling of interests” accounting method to account for the
acquisition, as described in the immediately preceding paragraph, then the
Board shall have, in its sole and absolute discretion, the right to modify (to
the least extent possible and still permit the acquiror to use “pooling of
interests”) the terms of the stock option agreement, solely with respect to
those terms pertaining to what occurs upon a Sale.

          Notwithstanding the foregoing, in the event that any such agreement shall
be terminated without consummating the disposition of said stock or assets:

          (i) any unexercised non-vested installments that had become exercisable
solely by reason of the provision of Section 13 shall again become non-vested
and unexercisable as of said termination of such agreement, and

          (ii) the exercise of any option that had become exercisable solely by
reason of this Section 8(b) shall be deemed ineffective and such installments
shall again become non-vested and unexercisable as of said agreement of such
agreement

     14. Adjustment of Number of Shares. In the event that a dividend shall be
declared upon the common shares of the Company payable in common shares of the
Company the number of common shares then subject to any such option and the
number of shares reserved for issuance pursuant to the Plan but not yet covered
by an option, shall be adjusted by adding to each such share the number of
shares which would be distributable thereon if such share had been outstanding
on the date fixed for determining the shareholders entitled to receive such
stock dividend. In the event that the outstanding common shares of the Company
shall be changed into or exchanged for a different number or kind of shares of
stock or other securities of the Company or of another corporation, whether
through reorganization, recapitalization, stock split-up, combination of
shares, merger or consolidation, then there shall be substituted for each
common share reserved for issuance pursuant to the Plan, the number and kind of
shares of stock or other securities into which each outstanding common share
shall be so changed or for which each such share shall be exchanged. In the
event there shall be any change, other than as specified above in this
paragraph in the number or kind of outstanding common shares of the Company or
of any stock or other securities into which such common shares shall have been
changed or for which it shall have been exchanged, then if the Board or
Compensation Committee shall in sole discretion determine that such change
equitably requires an adjustment in the number or kind of shares theretofore
reserved for issuance pursuant to the Plan, but not yet covered by an option
and of the shares then subject to an option or options, such adjustment may be
made by the Board or Compensation Committee and shall be effective and binding
for all purposes of the Plan and of each stock option agreement. The option
price in each stock option agreement for each share of stock or other
securities substituted or adjusted as provided for in this paragraph shall be
determined by dividing the option price in such agreement for each share prior
to such substitution or adjustment by the number of shares or the fraction of a
share substituted for such share or to which such share shall have been
adjusted. No adjustment or substitution provided for in this paragraph shall
require the Company in any stock option agreement to sell a fractional share,
and the total substitution or adjustment with respect to each stock option
agreement shall be limited accordingly.

     15. Amendments. The board of directors, without approval of the
shareholders, may from time to time amend the Plan in such respects as the
board may deem advisable. No amendment shall, without the participant’s

consent, alter or impair any of the rights or obligations under any option
theretofore granted to him under the Plan.

     IN WITNESS WHEREOF, the Board of Directors of the Company has adopted this
Plan as of the 19th day of January, 2001.

	 	 	 
	 	MRV COMMUNICATIONS, INC.
	 
 
	 	By: 	 
	 	

	 	
Noam Lotan
	 	
Its:	
President and Chief Executive OfficerMRV Communications, Inc. Exhibit 4.2

Exhibit 4.2

Form of Stock Option Agreement for the 2001 MRV Communications, Inc. Stock
Option Plan for Employees of Appointech, Inc.

This agreement, dated as of the __ day of _________ 2001 by and between MRV
Communications, Inc., a Delaware corporation (hereinafter called the
“Company”), party of the first part, and ________________________________
(hereinafter called “Optionee”), a party of the second part;

WITNESSETH

     Whereas, the Company has adopted the The 2001 MRV Communications, Inc.
Stock Option Plan for employees of Appointech, Inc. (the “Plan”) to permit
options to be granted to certain employees of the Company and its subsidiaries,
including Appointech, Inc. (“Appointech”) to purchase common shares of the
Company; and

     Whereas, the Optionee is employed by Appointech in a key capacity, and the
Company desires him or her to remain in such employ, to secure or increase his
or her stock ownership in the Company in order to increase his or her incentive
and personal interest in the welfare of the employer corporation and to replace
options such employee had or may have had with Appointech prior to its
acquisition by the Company;

     Now, therefore, in consideration of the premises and of the covenants and
agreements herein set forth, the parties hereby mutually covenant and agree as
follows:

     1. Subject to the terms and conditions set forth herein, the Company
grants to the Optionee the option to purchase from the Company all or any part
of an aggregate amount of ____________ common shares of the Company authorized and
unissued or, at the option of the Company, treasury stock if available
(hereinafter, the “Optioned Shares”).

     2. The price per share (the “Option Price”) to be paid for the Optioned
Shares shall be __________(__________) per share. The Option Price shall be paid in
United States dollars.

     3. Subject to the provisions of paragraphs four (4) and six (6) hereof,
the option granted hereby may be exercised by the Optionee as follows:
______________________________________. Optionee acknowledges that he or she
understands he or she has no right whatsoever to exercise the option granted
hereunder with respect to any Optioned Shares covered by any installment until
such installment accrues as provided above and that all unaccrued installments
shall cease to accrue on the date of termination of Optionee’s employment,
consulting or other arrangement with Appointech, the Company or its affiliated
companies (collectively the “employer corporation”).

     4. The option herein granted may be exercised only by written notice of
intent to exercise the option, served upon the secretary of the Company at its
offices at 20415 Nordhoff Street, Chatsworth, California 91311 specifying the
number of shares in respect of which the option is being exercised, accompanied
by payment for such shares in cash or by certified check or bank draft to the
order of the Company. Such shares, upon payment of the purchase price, shall
be fully paid and nonassessable.

     5. The option herein granted shall not be transferable by the Optionee
otherwise than by will or the laws of descent and distribution, and may be
exercised during the life of the Optionee only by the Optionee.

     6. The option granted hereunder shall expire and become unexercisable on
or before the earliest of the following dates, whichever is applicable: (i)
January 18, 2006; (ii) termination of employment from the employer corporation
by the Optionee (iii) ninety days after the date of the Optionee’s termination
of employment from the employer corporation by the employer corporation; or
(iv) the date that is one year following the Optionee’s termination of
employment from the employer corporation by reason of his or her death, or by
reason of his or her disability, whichever is applicable.

     7. If any of the events specified in paragraph 14 of the Plan occur, the
adjustments in Optioned Shares and Option Price therein provided shall be made.

     8. As to all Optioned Shares (or any stock issued as a stock dividend
thereon or any securities issued in lieu thereof or in substitution therefor),
purchased by the Optionee or his personal representative upon the exercise of
any portion of the option herein granted, the Board or Compensation Committee,
in its sole discretion, may require that the Optionee or his or her personal
representative, as the case may be, agree to any of the following conditions:

          (a) That they sign an investment letter to the effect that they are taking
said shares for investment and not for resale.

          (b) That they will comply with such restrictions as may be necessary to
satisfy the requirements of the United States Securities Act of 1933.

     9. The Optionee shall not be deemed for any purposes to be a shareholder
of the Company with respect to any of the Optioned Shares except to the extent
that the option herein granted shall have been exercised with respect thereto
and a stock certificate issued therefor. Optionee acknowledges and agrees that
this option supersedes and replaces any options Optionee had or may have had
with Appointech or any of its affiliated corporations prior to Appointech’s
acquisition by the Company.

     10. The existence of the option evidence hereby shall not affect in any
way the right or power of the Company or its shareholders to make or authorize
any or all adjustments, recapitalizations, reorganizations or other changes in
the Company’s capital structure or its business, or any merger or consolidation
of the Company, or any issue of bonds, debentures, preferred or prior
preference stock ahead of or affecting the common stock of the Company or the
rights thereof, or dissolution or liquidation of the Company, or any sale or
transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise.

     11. As a condition of the granting of the option herein granted, the
Optionee agrees, for himself or herself and his or her personal
representatives, that any dispute or disagreement which may arise under or as a
result of or pursuant to this agreement shall be resolved by the Board of
Directors of the Company or the Compensation Committee thereof in its sole
discretion, and that any interpretation by the Board or committee of any term
of this agreement shall be final, binding and conclusive.

     12. If, at any time, the Board or Compensation Committee shall determine,
in its discretion, that the listing, registration or qualification of the
shares covered by the option upon any securities exchange or under any state or
federal law is necessary or desirable as a condition of or in connection with
the purchase of shares thereunder, the option may not be exercised, in whole or
in part, unless and until such listing, registration or qualification shall
have been effected free of any conditions not acceptable to the Board or
Compensation Committee.

     13. Nothing in this agreement shall be construed to confer upon the
Optionee any right to continued employment with the employer corporation or to
restrict in any way the right of the employer corporation to terminate his or
her employment. Optionee acknowledges that in the absence of an express
written employment agreement to the contrary, the employer corporation may
terminate Optionee’s employment with the employer corporation at any time, with
or without cause. Optionee acknowledges that the option evidenced hereby is
being granted to encourage such Optionee to secure or increase on reasonable
terms his or her stock ownership in the Company.

     14. This Agreement hereby incorporates by reference the Plan and all of
the terms and conditions of the Plan as heretofore amended and as the same may
be amended from time to time hereafter in accordance with the terms thereof,
but no such subsequent amendment shall adversely affect the Optionee’s rights
under this Agreement and the Plan except as may be required by applicable law.

IN WITNESS WHEREOF, the Company has caused this instrument to be exercised by
its duly authorized officers, the Optionee has hereunto affixed his or her
hand.

	 	 	 
	 	MRV COMMUNICATIONS, INC.
	 
 
	 	By: 
	 	

	 	Noam Lotan
	 	Its:	President and Chief Executive Officer
	 
 
 
	 	

	 	      
              
        Optionee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]