Document:

exv10w3

EXHIBIT 10.3

3COM CORPORATION

[FORM STAND ALONE RESTRICTED STOCK AGREEMENT]

     3Com Corporation has granted                      (the “Participant”) Restricted Stock shares in
accordance with the Participant’s offer letter dated                      (the “Offer Letter”),
subject to the following terms and conditions as set forth in this Award Agreement. The “Effective
Date” of this Award Agreement shall be                     .

     1. Definitions; Vesting and Reacquisition Rights. As used herein, the following
definitions shall apply:

          (a) “Administrator” means the Board or any of its Committees as shall be administering
the Award.

          (b) “Applicable Laws” means the requirements relating to the administration of
restricted stock plans under U.S. state corporate laws, U.S. federal and state securities laws, the
Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and any
other applicable laws.

          (c) “Award” means, individually or collectively, the grant of Restricted Stock under
this Award Agreement and Notice of Grant of Restricted Stock.

          (d) “Award Agreement” means this Stand Alone Restricted Stock Agreement between the
Company and the Participant evidencing the terms and conditions of this Award.

          (e) “Board” means the Board of Directors of 3Com Corporation.

          (f) “Change of Control” shall have the meaning ascribed thereto (or to any
similar definition such as “Change in Control”) in the Management Retention Agreement between the
Company and the Participant, as amended from time to time.

          (g) “Code” means the U.S. Internal Revenue Code of 1986, as amended.

          (h) “Committee” means a committee, which may consist of one or more persons whom may
or may not be Board members, as is consistent with the Applicable Laws, appointed by the Board.

          (i) “Common Stock” means the common stock of the Company.

          (j) “Company” shall mean 3Com Corporation and any successor corporation thereto.

          (k) “Consultant” means any person, including an advisor, engaged by the Company or a
Parent or Subsidiary as an independent contractor to render services to such entity.

          (l) “Date of Restricted Stock Grant” shall mean the “Date of Grant” as set forth in
the Notice of Grant.

          (m) “Director” means a member 3Com’s Board of Directors.

          (n) “Employee” means any person, including Officers and Directors, employed by the
Company or any Parent or Subsidiary of the Company. A Service Provider shall not cease to be an
Employee in the case of (i) any leave of absence approved by the Company or any leave for which a
return to employment is guaranteed under Applicable Laws, or (ii) transfers between locations of
the Company or between the Company, its Parent, any Subsidiary, or any successor. Neither service
as a

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Director nor payment of a director’s fee by the Company shall be sufficient to constitute
“employment” by the Company.

          (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (p) “Initial Vesting Date” shall be the date occurring one (1) year after the Date of
Restricted Stock Grant.

          (q) “Notice of Grant” shall mean the “NOTICE OF GRANT OF RESTRICTED STOCK”. The
Notice of Grant is part of this Award Agreement.

          (r) “Number of Restricted Stock” shall mean the “Total Number of Restricted Stock
Granted” as set forth in the Notice of Grant.

          (s) “Offer Letter” shall have the meaning ascribed thereto in the first paragraph of
this Agreement.

          (t) “Officer” means a person who is an officer of the Company within the meaning of
Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

          (u) “Parent” means a “parent corporation,” whether now or hereafter existing, as
defined in Section 424(e) of the Code.

          (v) “Restricted Stock” means shares of Common Stock or units/rights to acquire shares
of Common Stock granted pursuant to this Agreement that are subject to vesting, as adjusted in
accordance with this Agreement.

          (w) “Service Provider” means an Employee, Director or Consultant.

          (x) “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing,
as defined in Section 424(f) of the Code and also include partnerships, limited liability companies
and other entities that are at least 30% owned by the Company.

          Vesting, Restrictions on Unvested Shares and Unvested Share Reacquisition
Right.

          Vesting. Subject to the terms and conditions of this Award Agreement, and provided
that the Participant remains a Service Provider through each vesting date, the Restricted Stock
shall become “Vested Shares” for purposes of this Award Agreement in three (3) equal,
annual installments, commencing on the Initial Vesting Date. Until the shares of Restricted Stock
vest and become Vested Shares, which unvested shares shall be called Unvested Shares (as defined
below), neither the Unvested Shares, nor any right with respect to the Unvested Shares of
Restricted Stock under this Agreement, may be sold, assigned, transferred, pledged, hypothecated
(by operation of law or otherwise) or otherwise conveyed or encumbered and shall not be subject to
execution, attachment or similar process. Any attempted sale, assignment, transfer, pledge,
hypothecation or other conveyance or encumbrance shall be void and unenforceable against the
Company or any affiliate of the Company. Upon becoming Vested Shares, such restrictions shall
lapse. A legend or legends may be affixed to share certificates representing the Restricted Stock
evidencing these restrictions.

     Notwithstanding the foregoing, the Participant shall receive accelerated vesting with respect
to all or a portion of the Participant’s then outstanding unvested portion of the Award, subject to
the terms and conditions specified in the Management Retention Agreement (“MRA”) and the
Severance Benefits Agreement (“SBA”), as the same may be amended from time to time, each by
and between the Company and the Participant.

          Unvested Share Reacquisition Right. In the event that the Participant’s Service
Provider relationship with the Company is terminated for any reason, with or without cause, the
Company shall

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automatically reacquire all shares of Restricted Stock that are not Vested Shares as
of the termination date (the “Unvested Shares”) without any action on the part of
Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled
to any payment therefor (the “Unvested Share Reacquisition Right”).

     2. Leaves of Absence. Unless the Administrator provides otherwise or as otherwise
required by Applicable Laws, the Restricted Stock shall cease to vest on the 91st day of
any unpaid leave of absence and shall only recommence upon the Participant’s return to active
service.

     3. Rights as a Shareholder or Employee. The Participant shall have no rights as a
stockholder with respect to the shares of Restricted Stock until such time as the shares are issued
to the Participant in the form of a certificate or certificates or other appropriate means as
determined by the Company in its discretion. Except as provided in this Agreement, no adjustment
shall be made for dividends or distributions or other rights for which the record date is prior to
the date such shares are issued.

     4. No Guarantee of Continued Service. THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT
THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN
EMPLOYEE OR OTHER SERVICE PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED THE RESTRICTED STOCK OR ACQUIRING SHARES HEREUNDER). THE PARTICIPANT FURTHER
ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE
VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT AS AN EMPLOYEE OR OTHER SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT
ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH THE PARTICIPANT’S RIGHT OR THE COMPANY’S RIGHT TO
TERMINATE THE PARTICIPANT’S RELATIONSHIP AS AN EMPLOYEE OR OTHER SERVICE PROVIDER OF THE COMPANY AT
ANY TIME, WITH OR WITHOUT CAUSE OR NOTICE.

     5. Adjustments Upon Changes in Capitalization, Dissolution, Liquidation or
Change of Control.

          (a) Changes in Capitalization. Subject to any required action by the stockholders of
the Company, the number of shares of Common Stock covered by each outstanding Award, as well as the
price per share of Common Stock covered by each such outstanding Award, shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from
a stock split, reverse stock split, stock dividend, combination or reclassification of the Common
Stock, or any other increase or decrease in the number of issued shares of Common Stock effected
without receipt of consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been “effected without receipt of
consideration.” Such adjustment shall be made by the Administrator, whose determination in that
respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance
by the Company of shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the
number or price of shares of Common Stock subject to an Award.

          (b) Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, the Administrator shall notify the Participant as soon as practicable
prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for the

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Participant to have the right to exercise his Award until ten (10) days prior to
such transaction as to all of the stock covered thereby, including shares of Restricted Stock as to
which the Award would not otherwise be vested or exercisable. In addition, the Administrator may
provide that any Company repurchase option or forfeiture applicable to any shares covered by the
Award shall lapse as to all such shares, provided the proposed dissolution or liquidation takes
place at the time and in the manner contemplated. To the extent it has not been previously
exercised, if applicable, an Award will terminate immediately prior to the consummation of such
proposed action.

          (c) Change of Control. In the event of a Change of Control, each outstanding
Restricted Stock award shall be assumed or an equivalent award substituted by the successor
corporation or a Parent or subsidiary of the successor corporation. In the event that the
successor corporation refuses to assume or substitute for the Restricted Stock, the Participant
shall fully vest in the Restricted Stock, including shares of Restricted Stock as to which it would
not otherwise be vested. For the purposes of this paragraph, the Restricted Stock shall be
considered assumed if, following the Change of Control, the Restricted Stock confers the right to
receive, for each share of Restricted Stock and each unit/right to acquire a share of Restricted
Stock that is subject to the Restricted Stock award immediately prior to the Change of Control, the
consideration (whether stock, cash, or other securities or property) received in the Change of
Control by holders of Common Stock for each share of Restricted Stock and each unit/right to
acquire a share of Restricted Stock held on the effective date of the transaction (and if holders
were offered a choice of consideration, the type of consideration chosen by the holders of a
majority of the outstanding shares); provided, however, that if such consideration received in the
Change of Control is not solely common stock of the successor corporation or its Parent, the
Administrator may, with the consent of the successor corporation, provide for the consideration to
be received, for each share of Restricted Stock and each unit/right to acquire a share subject to
the Restricted Stock award, to be solely common stock of the successor corporation or its Parent
equal in fair market value to the per share consideration received by holders of Common Stock in
the Change of Control.

     6. Non-Transferability of Restricted Stock. Restricted Stock may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by
the laws of descent or distribution.

     7. Conditions Upon Issuance of Shares. No Restricted Stock shall be issued pursuant
to this Award Agreement if the issuance and delivery of such Restricted Stock would constitute a
violation of any applicable federal or state securities law or other law or regulation, or would
fail to satisfy the requirements of any stock exchange upon which the Restricted Stock may then be
listed. As a condition to the issuance and delivery of the Restricted Stock, the Company may
require the Participant to satisfy any qualifications that may be necessary or appropriate, to
evidence compliance with any applicable law or regulation and to make any representation or
warranty with respect thereto as may be requested by the Company. The Company shall not be
required (a) to transfer on its books any shares which are sold or transferred in violation of any
of the provisions set forth in this Award Agreement or the Offer Letter, or (b) to treat as the
owner of the shares or to accord the right to vote as such owner or to pay dividends to any
transferee to whom the shares shall have been so transferred.

     8. Legends. The Company may at any time place legends referencing the Unvested Share
Reacquisition Right set forth above and any applicable federal and/or state securities law or other
restrictions on any and all certificates representing shares of Restricted Stock subject to the
provisions of this Award Agreement. The Participant shall, at the request of the Company, promptly
present to the Company any and all certificates representing shares of Restricted Stock acquired under this
Award Agreement in the possession of the Participant in order to carry out the provisions of this
Section 8. Unless otherwise specified by the Company, legends placed on such certificates may
include, but shall not be limited to, the following:

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          “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN THIS
AWARD AGREEMENT BETWEEN THE CORPORATION AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN
INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION.”

     9. Escrow.

          (a) Establishment of Escrow. To ensure that the Restricted Shares subject to the
Unvested Share Reacquisition Right will be available for reacquisition, the Company may require the
Participant to deposit the certificate or certificates evidencing the Unvested Shares with an
escrow agent designated by the Company under the terms and conditions of an escrow agreement
approved by the Company. If the Company does not require such deposit as a condition of the
issuance of Restricted Stock to the Participant, the Company reserves the right at any time to
require the Participant to so deposit the Unvested Share certificate or certificates in escrow.
The Company shall bear the expenses of the escrow.

          (b) Delivery of Shares to the Participant. As soon as practicable after the
expiration of the Unvested Share Reacquisition Right, the escrow agent shall deliver to the
Participant the Restricted Stock no longer subject to such restriction.

     10. Section 83(b) Election; Withholding. The Participant acknowledges and understands
that when the shares of Restricted Stock become Vested Shares under this Award Agreement, Section
83 of the Code imposes a tax at ordinary income rates with respect to such Vested Shares in an
amount equal to the fair market value of such Vested Shares, determined on the date such shares
become Vested Shares. The Participant also understands that (i) alternatively, the Participant may
elect to be taxed in the year the shares were granted rather than when the shares become Vested
Shares by filing an election under Section 83(b) of the Code with the Internal Revenue Service
within thirty (30) days from the Grant Date; (ii) if the Participant files such an election, the
Participant will be taxed at ordinary income rates on the fair market value of the shares on the
Grant Date; (iii) if the Participant makes such an election he must provide the Company with a copy
of the election no later than three (3) business days after filing the election with the Internal
Revenue Service; and (iv) the Participant must file another copy of the election with his federal
income tax return for the tax year in which Participant filed the election. The Participant
acknowledges that it is the Participant’s sole responsibility and not the Company’s responsibility
to determine whether it is advisable to make the election and, if the Participant so elects, to
file the election in a timely fashion and to make any filings under corresponding provisions of
state tax law.

     At the time that this Award Agreement is executed, or at any time thereafter as determined by
the Company, the Company shall have the right to withhold the applicable minimum withholding taxes,
including but not limited to federal tax, state tax, foreign taxes, or social taxes, if any, which
arise in connection with the acquisition of Restricted Stock pursuant to this Award Agreement or
the Offer Letter, including, without limitation, obligations arising upon (i) the transfer, in
whole or in part, of any shares of Restricted Stock, (ii) the lapse of any restriction with respect
to any shares of Restricted Stock acquired pursuant to this Award Agreement or the Offer Letter, or
(iii) the filing of an election to recognize a tax liability. The Participant authorizes the
Company to withhold from the Participant’s compensation such amounts as may be necessary to satisfy
the minimum applicable tax withholding obligations arising in connection with the issuance of the
shares of Restricted Stock pursuant to this Award Agreement or the Offer Letter. The Company shall
have no obligation to issue a certificate as to the shares and/or to release the shares from escrow until applicable withholding obligations
have been satisfied.

     11. Trade Shares for Taxes. Please circle the applicable election below if you wish
to trade shares to satisfy the minimum required tax withholding determined upon the date of vesting
outlined in this Agreement. If you elect to trade shares to satisfy the minimum taxes due, the
remaining amount due

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after the trade, less than the value of one share, will be deducted from your
cash compensation. If you wish to change your election during the life of the Award Agreement, you
must contact stock administration at least thirty (30) days prior to the applicable vesting date.

TRADE
SHARES FOR TAXES DUE (please circle one):           YES              NO

If you do not wish to trade shares for taxes, and select “no” above, you must provide payment to
stock administration within fifteen (15) days from date of vesting. If payment is not provided
within fifteen (15) days after applicable taxes are due, stock administration will have the
authority and discretion to (i) trade shares to satisfy such applicable taxes or (ii) to withhold
the entire tax obligation from your compensation.

     12. Broker. Your Restricted Stock will be deposited directly into your brokerage
account with the Company’s approved broker when vested and the applicable withholding obligations
have been satisfied.

     13. Further Instruments; Binding Effect. The parties hereto agree to execute such
further instruments and to take such further action as may reasonably be necessary to carry out the
intent of this Award Agreement. This Award Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective heirs, executors, administrators, successors and
assigns.

     14. Administration; Amendment or Termination. All questions of interpretation
concerning this Award Agreement shall be determined by the Administrator in its sole discretion.
All determinations by the Administrator shall be final and binding upon all persons having an
interest in this Award Agreement. The Administrator may at any time amend, alter, suspend or
terminate the Agreement; provided, however, that no such amendment, alteration, suspension or
termination may adversely affect the Restricted Stock hereof without the written consent of the
Participant. Termination of the Agreement shall not affect the Administrator’s ability to exercise
the powers granted to it hereunder with respect to Awards granted under the Agreement prior to the
date of such termination.

     15. Entire Agreement; Applicable Law; Severability. This Award Agreement, along with
the Participant’s Offer Letter and the MRA and SBA referenced herein, constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety
all prior undertakings and agreements of the Company and the Participant with respect to the
subject matter hereof. This Award Agreement shall be construed in accordance with, and all
disputes hereunder shall be governed by, the laws of the Commonwealth of Massachusetts without
regard to its conflict of laws rules.

     If one or more provisions of this Award Agreement are held invalid, illegal and/or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable
provision(s) shall be deemed null and void; provided, however, to the extent permissible under
applicable law, that any such provision(s) shall be first construed, interpreted and/or revised to
permit this Award Agreement to be construed so as to foster the intent of this Award Agreement.

     16. Notices. Any notice to be given to the Company hereunder shall be in writing and
shall be addressed to the Company at its then current principal executive office or to such other
address as the Company may hereafter designate to the Participant. Any notice to be given to the
Participant hereunder shall be addressed to the Participant at the last address known to the
Company, or at such other address as the Participant may hereafter designate to the Company. A
notice shall be deemed to have been duly given when personally delivered or mailed by registered or
certified mail to the party entitled to receive it.

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     17. Data Privacy. By entering into this Award Agreement, the Participant consents to
the collection, use and transfer of personal data as described in this Section. The Participant
understands that the Company and its subsidiaries hold certain personal information about the
Participant including, but not limited to, the Participant’s name, home address and telephone
number, date of birth, social security number or equivalent tax identification number, salary,
nationality, job title, any shares of stock or directorships held in the Company, details of all
shares or other entitlements to shares awarded, cancelled, exercised, vested, unvested or
outstanding in the Participant’s favor, for the purpose of managing and administering this Award
Agreement (“Data”). The Participant further understands that the Company and/or its
subsidiaries will transfer Data amongst themselves as necessary for the purposes of implementation,
administration, and management of the Participant’s participation in this Award Agreement, and that
the Company and/or its subsidiaries may each further transfer Data to any third parties assisting
the Company in the implementation, administration and management of this Award Agreement (“Data
Recipients”). Where the Company or any of its subsidiaries transfer Data to any Data
Recipients, it will take into account any legal obligations which apply with respect to the
processing of that Data. The Participant understands that these Data Recipients may be located in
the Participant’s country of residence, the European Economic Area, or elsewhere throughout the
world, including, but not limited to, the United States. The Participant hereby authorizes the
Data Recipients to receive, possess, use, retain and transfer Data in electronic or other form, for
the purposes of implementing, administering and managing the Participant’s participation in this
Award Agreement, including any transfer of such Data, as may be required for the administration of
this Award Agreement and/or the subsequent holding of shares of Restricted Stock on the
Participant’s behalf, to a broker or third party with whom the shares acquired upon vest may be
deposited. The Participant understands that he or she may, at any time, review the Data, require
any necessary amendments to it or withdraw the consent herein in writing by contacting the
Company’s Stock Administration Department. The Participant further understands that withdrawing
consent may affect the Participant’s ability to participate in this Award Agreement. Without
prejudice to other provisions of this Award Agreement, the Company hereby reserves the right to
terminate the Participant’s participation in this Award Agreement (including, but not limited to,
the Participant’s ability to vest in the shares of Restricted Stock granted hereunder) if, by
withdrawal of the Participant’s consent to the collection, use and transfer of Data, the Company
and/or Data Recipients may not, in the Company’s sole discretion, lawfully administer the
Participant’s participation in this Award Agreement.

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     IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement as of the day and
year first above written. By signing below, the Participant acknowledges that he/she has read,
understood and accepted all of the terms, conditions and restrictions of this Award Agreement.

	 	 	 	 	 
	PARTICIPANT

	 	3COM CORPORATION	 	 
	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	Date

	 	Date	 	 

 8exv10w4

EXHIBIT 10.4

3COM CORPORATION

[FORM STAND ALONE STOCK OPTION AGREEMENT]

     3Com Corporation has granted                      (the “Participant”) an Option to purchase
certain Shares in accordance with the Participant’s offer letter dated                     (“Offer
Letter”), subject to the following terms and conditions as set forth in this Award Agreement.
The “Effective Date” of this Award Agreement shall be                     .

     1. Definitions. As used herein, the following definitions shall apply:

          (a) “Administrator” means the Board or any of its Committees as shall be administering
the Award.

          (b) “Applicable Laws” means the requirements relating to the administration of stock
option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any
stock exchange or quotation system on which the Common Stock is listed or quoted and any other
applicable laws.

          (c) “Award” means, individually or collectively, the grant of an Option under the
Award Agreement.

          (d) “Award Agreement” means this stand alone stock option agreement between the
Company and the Participant evidencing the terms and conditions of this Award.

          (e) “Board” means the Board of Directors of 3Com Corporation.

          (f) “Change of Control” shall have the meaning ascribed thereto (or to any similar
definition such as “Change in Control”) in the Management Retention Agreement between the Company
and the Participant, as amended from time to time.

          (g) “Code” means the U.S. Internal Revenue Code of 1986, as amended.

          (h) “Committee” means a committee, which may consist of one or more persons whom may
or may not be Board members, as is consistent with the Applicable Laws, appointed by the Board.

          (i) “Common Stock” means the common stock of the Company.

          (j) “Company” shall mean 3Com Corporation and any successor corporation thereto.

          (k) “Consultant” means any person, including an advisor, engaged by the Company or a
Parent or Subsidiary as an independent contractor to render services to such entity.

          (l) “Date of Option Grant” shall mean the “Date of Grant” as set forth in the Notice
of Grant.

          (m) “Director” means a member 3Com’s Board of Directors.

          (n) “Disability” shall have the meaning ascribed thereto in the Management Retention
Agreement between the Company and the Participant, as amended from time to time.

          (o) “Employee” means any person, including Officers and Directors, employed by the
Company or any Parent or Subsidiary of the Company. A Service Provider shall not cease to be an
Employee in the case of (i) any leave of absence approved by the Company or any leave for which a
return to employment is guaranteed under Applicable Laws, or (ii) transfers between locations
of the Company or between the Company, its Parent, any Subsidiary, or any successor. Neither service as a

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Director nor payment of a director’s fee by the Company shall be sufficient to
constitute “employment” by the Company.

          (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (q) “Initial Vesting Date” shall be the date occurring one (1) year after the Date of
Option Grant.

          (r) “Nonstatutory Stock Option” means any Option not intended to qualify as an
Incentive Stock Option within the meaning of Section 422 of the Code and the regulations
promulgated thereunder.

          (s) “Notice of Grant” shall mean the “NOTICE OF GRANT OF STOCK OPTION”. The Notice of
Grant is part of this Award Agreement.

          (t) “Number of Option Shares” shall mean the “Total Number of Option Shares Granted”
as set forth in the Notice of Grant.

          (u) “Officer” means a person who is an officer of the Company within the meaning of
Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

          (v) “Option” means this option to purchase Shares of Common Stock granted pursuant to
this Award Agreement.

          (w) “Optioned Stock” means the Common Stock subject to the Option.

          (x) “Option Termination Date” shall mean the date occurring seven (7) years after the
Date of Option Grant.

          (y) “Parent” means a “parent corporation,” whether now or hereafter existing, as
defined in Section 424(e) of the Code.

          (z) “Person” shall have the meaning ascribed to such term under Sections 13(d) and
14(d) of the Exchange Act.

          (aa) “Service Provider” means an Employee, Director or Consultant.

          (bb) “Share” means a share of the Common Stock, as adjusted in accordance with Section
10 of the Agreement.

          (cc) “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing,
as defined in Section 424(f) of the Code and also include partnerships, limited liability companies
and other entities that are at least 30% owned by the Company.

          (dd)“Vested
Ratio” means:

	 	 	 	 	 
	 	 	Vested Ratio
	Prior to Initial Vesting Date

	 	 	0	 
	 
	 	 	 	 
	On Initial Vesting Date, for each full year of the Participant’s remaining a Service
Provider from the Date of Option Grant until the Initial Vesting Date

	 	 	1/4	 
	 
	 	 	 	 
	Plus
	 	 	 	 
	 
	 	 	 	 
	For each subsequent full year thereafter of the Participant’s remaining a Service
Provider from the Initial Vesting Date

	 	 	1/4	 
	 
	 	 	 	 
	In no event shall the Vested Ratio exceed 1/1.
	 	 	 	 

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     Notwithstanding the foregoing, the Participant shall receive accelerated vesting with respect
to all or a portion of the Participant’s then outstanding unvested portion of the Award, subject to
the terms and conditions specified in the Management Retention Agreement (“MRA”) and the
Severance Benefits Agreement (“SBA”), as the same may be amended from time to time, each by
and between the Company and the Participant.

     2. Grant of Option. The Administrator hereby grants to the Participant the Option to
purchase the number of Shares set forth in the Notice of Grant, at the exercise price per Share set
forth in the Notice of Grant, subject to the provisions of this Award Agreement and the Notice of
Grant, which is incorporated herein by reference. The Option referenced herein are not intended to
qualify as Incentive Stock Options as defined in Section 422 of the Code and shall be treated as a
Nonstatutory Stock Option. The term of each Option shall be stated in the Notice of Grant and
shall be seven (7) years from the Date of Grant.

     3. Exercise of the Option.

          (a) Right to Exercise. The Option shall be exercisable during its terms in accordance
with the Notice of Grant and this Award Agreement and at such times and under such conditions as
determined by the Administrator. The Option shall first become exercisable on the Initial Vesting
Date. Each Option shall be exercisable on and after the Initial Vesting Date and prior to the
termination of the Option in the amount equal to the Number of Option Shares multiplied by the
Vested Ratio as set forth in Section 1(dd) above less the number of Shares previously acquired upon
exercise of the Option. In no event shall an Option be exercisable for more Shares than the Number
of Option Shares. Exercising an Option in any manner approved hereunder shall decrease the number
of Shares thereafter available for sale under the Option by the number of Shares as to which the
Option is exercised.

          (b) Method of Exercise. Each Option shall be exercisable by written or electronic
notice to the Company which shall state the election to exercise the Option, the number of Shares
being exercised, and such other representations and agreements as to the Participant’s investment
intent with respect to the Shares as may be required pursuant to the provisions of this Award
Agreement. Such notice shall be signed by the Participant or person entitled to exercise the
Option and shall be delivered to the Company’s Stock Administration Department, or other authorized
representative of the Company, prior to the termination of the Option as set forth in Section 5
below, accompanied by full payment of the option price for the number of Shares being purchased.

          (c) Form of Payment of Option Price. Subject to the Applicable Laws, such payment
shall be made (1) in cash, by check, or cash equivalent, (2) by tender of Shares of the Company’s
stock owned by the Participant and having a fair market value not less than the option price, which
(i) either have been owned by the Participant for more than six (6) months or were not acquired,
directly or indirectly from the Company, and (ii) have a fair market value not less than the option
price, (3) proceeds from a broker-assisted cashless exercise program acceptable to the Company, in
its sole discretion, or (4) by any combination of the foregoing.

          (d) Withholding. At the time the Option is exercised, in whole or in part, or at any
time thereafter as determined by the Company, the Company shall have the right to withhold the
applicable minimum withholding taxes, including but not limited to federal tax, state tax, foreign taxes, or

 3 

 

social taxes, if any, which arise in connection with the Option including, without
limitation, obligations arising upon (i) the exercise of the Option in whole or in part, (ii) the
transfer, in whole or in part, of any Shares acquired on exercise of the Option, or (iii) the
lapsing of any restriction with respect to any Shares acquired on exercise of the Option. The
Participant shall make adequate provision for the Company to meet its minimum withholding
obligations.

          (e) Certificate Registration. The Shares as to which an Option shall be exercised
shall be issued in the the name of the Participant, the heirs of the Participant (if applicable),
or, if requested in writing by the Participant, in the name of the Participant and his or her
spouse. If payment of the option price is accomplished using a broker-assisted cashless exercise
program acceptable to the Company, in its sole discretion, the certificate or certificates may, at
the Company’s sole discretion be registered in the name of a nominee who is an authorized broker
for the Company’s same-day sale program. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company), no right to vote or receive dividends or any other rights as a stockholder shall exist
with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall
issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment
will be made for a dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Section 10 herein.

          (f) Restriction on Grant of Option and Issuance of Shares. The grant of the Option
and the issuance of Shares pursuant to the Option shall be subject to compliance with all
Applicable Laws. The Option may not be exercised if the issuance of Shares upon such exercise
would constitute a violation of any Applicable Laws. In addition, no Option may be exercised
unless (i) a registration statement under the Securities Act of 1933, as amended, shall at the time
of exercise of any Option be in effect with respect to the Shares issuable upon exercise of the
Option, or (ii) in the opinion of legal counsel to the Company, the Shares issuable upon exercise
of any Option may be issued in accordance with the terms of an applicable exemption from the
registration requirements of said Act. As a condition to the exercise of any Option, the Company
may require the Participant to satisfy any qualifications that may be necessary or appropriate, to
evidence compliance with any Applicable Laws and to make any representation or warranty with
respect thereto as may be requested by the Company.

          (g) Fractional Shares. The Company shall not be required to issue fractional Shares
upon the exercise of the Option.

          (h) Survival of Award Agreement Provisions. To the extent contemplated herein, the
provisions of this Award Agreement shall survive any exercise of the Option and shall remain in
full force and effect.

     4. Non-Transferability of the Option. The Option may not be sold, pledged, assigned,
hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent
or distribution and may be exercised, during the lifetime of the Participant, only by the
Participant. The terms of this Award Agreement shall be binding upon the executors,
administrators, heirs, successors and assignees of the Participant.

     5. Termination of the Option. The Option shall terminate and may no longer be
exercised on the first to occur of (i) the Option Termination Date as defined above, (ii) the last
date for exercising the Option following termination as a Service Provider as described herein, or
as otherwise set forth in this Award Agreement.

 4 

 

     6. Termination of the Participant’s Relationship as a Service Provider.

          (a) Termination of the Option. If the Participant ceases to be a Service Provider for
any reason except by reason of death or Disability, the Option, to the extent unexercised and
exercisable by the Participant on the date on which the Participant ceased to be a Service
Provider, may be exercised by the Participant within three (3) months after the date on which the
Participant’s relationship as a Service Provider terminates, but in any event no later than the
Option Termination Date. If the Participant’s Service Provider relationship is terminated because
of the death of the Participant or Disability of the Participant, the Option, to the extent
unexercised and exercisable by the Participant on the date on which the Participant ceased to be a
Service Provider, may be exercised by the Participant (or the Participant’s estate or legal
representative) at any time prior to the expiration of twelve (12) months from the date of such
termination, but in any event no later than the Option Termination Date. The Participant’s Service
Provider relationship shall be deemed to have terminated on account of death if the Participant
dies within three (3) months after the Participant’s termination of the Service Provider
relationship.

          (b) Disability of Optionee. If an Optionee ceases to be a Service Provider as a
result of the Optionee’s Disability, the Optionee may exercise his or her Option for twelve (12)
months following such termination (but in any event no later than the Option Termination Date) and
solely to the extent the Option is vested and exercisable on the date of termination. If, on the
date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered
by the unvested portion of the Option shall revert to the Plan. If, after termination, the
Optionee does not exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

          (c) Extension of Option Exercise Period. Notwithstanding the above, in the event that
the Participant’s employment is terminated by the Company or by the Participant solely under the
specified and limited circumstances specified in the SBA and/or the MRA, as applicable, the Option,
to the extent unexercised and exercisable by the Participant on the date of the Participant’s
termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after
the Participant’s date of termination or (ii) the Option Termination Date, provided that the
Participant complies with all of the terms and conditions set forth in the applicable SBA and/or
MRA.

          (d) Change in Status. Notwithstanding the above, in the event of the Participant’s
change in status from Consultant, Employee or Director to Employee, Consultant or Director (e.g.,
an Employee becoming a Consultant), the Participant’s’s status as a Service Provider shall continue
notwithstanding the change in status.

          (e) Exercise Prevented by Applicable Laws. Except as provided in this Section 6, the
Option shall terminate and may not be exercised after the Participant’s Service Provider
relationship terminates unless the exercise of the Option in accordance with this Section 6 would
constitute a violation of any Applicable Laws. If the exercise of the Option is so prevented, the
Option shall remain exercisable until three (3) months after the date the Participant is notified
by the Company or its Parent or Subsidiary for whom the Participant provides service that the Option is exercisable but in
no event later than the Option Termination Date.

     7. Leaves of Absence. Unless the Administrator provides otherwise or as otherwise
required by Applicable Laws, the Option shall cease to vest on the 91st day of any
unpaid leave of absence and shall only recommence upon the Participant’s return to active service.

 5 

 

     8. Rights as a Shareholder or Employee. The Participant shall have no rights as a
stockholder with respect to any Shares until the date of the issuance of a certificate or
certificates (or other appropriate method of delivery, in the Company’s discretion) for the Shares
for which the Option has been exercised. No adjustment shall be made for dividends or
distributions or other rights for which the record date is prior to the date such stock is so
issued.

     9. No Guarantee of Continued Service. THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT
THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN
EMPLOYEE OR OTHER SERVICE PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). THE PARTICIPANT FURTHER ACKNOWLEDGES AND
AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE
SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN
EMPLOYEE OR OTHER SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT
INTERFERE IN ANY WAY WITH THE PARTICIPANT’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE
PARTICIPANT’S RELATIONSHIP AS AN EMPLOYEE OR OTHER SERVICE PROVIDER OF THE COMPANY AT ANY TIME,
WITH OR WITHOUT CAUSE OR NOTICE.

	 	10.	 	Adjustments Upon Changes in Capitalization, Dissolution, Liquidation or
Change of Control.

          (a) Changes in Capitalization. Subject to any required action by the stockholders of
the Company, the number of shares of Common Stock covered by each outstanding Award, as well as the
price per share of Common Stock covered by each such outstanding Award, shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from
a stock split, reverse stock split, stock dividend, combination or reclassification of the Common
Stock, or any other increase or decrease in the number of issued shares of Common Stock effected
without receipt of consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been “effected without receipt of
consideration.” Such adjustment shall be made by the Administrator, whose determination in that
respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance
by the Company of shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the
number or price of shares of Common Stock subject to an Award.

          (b) Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, the Administrator shall notify the Participant as soon as practicable
prior to the effective date of such proposed transaction. The Administrator in its discretion may
provide for the Participant to have the right to exercise his or her Award until ten (10) days
prior to such transaction as to all of the stock covered thereby, including Shares as to which the
Award would not otherwise be vested or exercisable. To the extent it has not been previously
exercised, an Award will terminate immediately prior to the consummation of such proposed action.

          (c) Change of Control. In the event of a Change of Control, each outstanding Option
shall be assumed or an equivalent option substituted by the successor corporation or a Parent or

 6 

 

subsidiary of the successor corporation. In the event that the successor corporation refuses to
assume or substitute for the Option, the Participant shall fully vest in and have the right to
exercise the Option as to all of the Optioned Stock, including Shares as to which it would not
otherwise be vested or exercisable. If the Option becomes fully vested and exercisable in lieu of
assumption or substitution in the event of a Change of Control, the Administrator shall notify the
Participant in writing or electronically that the Option shall be fully vested and exercisable for
a period of fifteen (15) days from the date of such notice, and the Option shall terminate upon the
expiration of such period. For the purposes of this paragraph, an Option shall be considered
assumed if, following the Change of Control, the Option confers the right to purchase or receive,
for each Share of Optioned Stock subject to the Option immediately prior to the Change of Control,
the consideration (whether stock, cash, or other securities or property) received in the Change of
Control by holders of Common Stock for each Share held on the effective date of the transaction
(and if holders were offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding Shares); provided, however, that if such consideration
received in the Change of Control is not solely common stock of the successor corporation or its
Parent, the Administrator may, with the consent of the successor corporation, provide for the
consideration to be received upon the exercise of any Option, for each Share of Optioned Stock
subject to the Option, to be solely common stock of the successor corporation or its Parent equal
in fair market value to the per share consideration received by holders of Common Stock in the
Change of Control.

     11. Conditions Upon Issuance of Shares.

          (a) Legal Compliance. Shares shall not be issued pursuant to the exercise or vesting
of an Award unless the exercise or vesting of such Award and the issuance and delivery of such
Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel
for the Company with respect to such compliance.

          (b) Investment Representations. As a condition to the exercise of an Award, the
Company may require the Participant or any authorized person exercising such Award to represent and
warrant at the time of any such exercise that the Shares are being purchased only for investment
and without any present intention to sell or distribute such Shares if, in the opinion of counsel
for the Company, such a representation is required.

          (c) Inability to Obtain Authority. The inability of the Company to obtain authority
from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to
be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of
any liability in respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

     12. Legends. The Company may at any time place legends referencing any applicable
federal and/or state securities restrictions on all certificates representing shares of stock
subject to the provisions of this Award Agreement. The Participant shall, at the request of the
Company, promptly present to the Company any and all certificates representing Shares acquired pursuant to the
Option in the possession of the Participant in order to effectuate the provisions of this Section
12.

     13. Binding Effect. This Award Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective heirs, executors, administrators, successors and
assigns.

     14. Amendment or Termination. The Administrator may at any time amend, alter, suspend
or terminate the Agreement; provided, however, that no such amendment, alteration, suspension or
termination may adversely affect the Option or any unexercised portion hereof without the written

 7 

 

consent of the Participant. Termination of the Agreement shall not affect the Administrator’s
ability to exercise the powers granted to it hereunder with respect to Awards granted under the
Agreement prior to the date of such termination.

     15. Entire Agreement; Applicable Law. This Award Agreement, along with the
Participant’s Offer Letter and the referenced SBA and MRA, constitute the entire agreement of the
parties with respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and the Participant with respect to the subject matter
hereof. This Award Agreement shall be construed in accordance with, and all disputes hereunder
shall be governed by, the laws of the Commonwealth of Massachusetts without regard to its conflict
of laws rules.

     16. Notices. Any notice to be given to the Company hereunder shall be in writing and
shall be addressed to the Company at its then current principal executive office or to such other
address as the Company may hereafter designate to the Participant. Any notice to be given to the
Participant hereunder shall be addressed to the Participant at the last address known to the
Company, or at such other address as the Participant may hereafter designate to the Company. A
notice shall be deemed to have been duly given when personally delivered or mailed by registered or
certified mail to the party entitled to receive it.

 8 

 

	 	 	 	 	 
	PARTICIPANT

	 	3COM CORPORATION	 	 
	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	Date

	 	Date	 	 

 9

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