Document:

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                                                                    EXHIBIT 10.3

                           SCIENTIFIC-ATLANTA, INC.

                     STOCK PLAN FOR NON-EMPLOYEE DIRECTORS

                                         As Amended and Restated August 15, 2001

1.   Purposes

The purposes of this Plan are to aid the Company in attracting and retaining
highly qualified Non-employee Directors, to provide additional compensation as
an incentive for Non-employee Directors to contribute their best efforts to the
Company's success, and to emphasize and enhance the Company's policy of seeking
to have Non-employee Directors maintain a significant investment in the stock of
the Company and thus a strong commonality of interests with the shareholders.

2.   Definitions

As used in this Plan:

     (a)    The term "Annual Meeting" means the annual meeting of shareholders
of the Company.

     (b)    The term "Award" means an Elective Grant, a Stock Award, a
Retirement Award, or a Lump Sum Distribution awarded under this Plan.

     (c)    The term "Board" means the Board of Directors of the Company.

     (d)    The term "Board Approval" means approval by a majority of the
directors present at a Board meeting at which a quorum is present.

     (e)    The term "Company" means Scientific-Atlanta, Inc., a Georgia
corporation.

     (f)    The term "Committee" shall mean the Governance and Nominations
Committee of the Board or any another committee comprised of directors of the
Board which is vested by the Board with responsibility to administer this Plan.

     (g)    The term "Elective Grant" shall mean the election by a Non-Employee
Director pursuant to Section 3(a) hereof to receive a portion of his or her
Quarterly Compensation in the form of Shares.

     (h)    For the purposes of a Stock Award, the term "Eligible Directors"
shall mean those Non-employee Directors who served on the Board for the six
months immediately preceding the Annual Meeting at which a Stock Award is
granted and will continue serving on the Board after

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such Annual Meeting. For the purposes of an Elective Grant, the term "Eligible
Directors" shall mean all Non-employee Directors of the Board. For the purposes
of a Retirement Award and for purposes of the Lump Sum Distribution, the term
"Eligible Directors" shall mean (1) all Non-employee Directors who were not
members of the Board prior to January 1, 1997 and who are serving on the Board
on the date of the Annual Meeting at which the Retirement Award is granted, and
(2) all Non-employee Directors who were members of the Board and Participants in
the Retirement Plan for Non-employee Directors prior to January 1, 1997, and who
elected on or before September 21, 1997, pursuant to the terms of paragraph 3 of
the Retirement Plan for Non-employee Directors, as amended on June 17, 1997, to
receive a Lump Sum Distribution and who are serving on the Board on the date of
the Annual Meeting at which the Retirement Award is granted.

     (i)    The term "Fair Market Value Per Share" means the closing selling
price of a Share as reported on the New York Stock Exchange Composite on the
date such value is determined or, if there is no trade on such Exchange on that
date, then the closing selling price on the next preceding date on which there
is trade of the Company's Common Stock on such Exchange. In the event that the
Company's Common Stock is not listed on the New York Stock Exchange on the
determination date, the Fair Market Value shall be determined as stated above
but with reference to trades on the largest stock exchange or other public
market on which the Company's Common Stock is then traded.

     (j)   The term "Lump Sum Distribution" means an award to an Eligible
Director consisting of a number of Shares having an aggregate fair market value,
as of January 1, 1997, determined as provided in Section 2(i) above, equal to
the greater of either (i) the present value, actuarially determined, as of
               ------
January 1, 1997, of the retirement benefits of such Eligible Director under the
Retirement Plan for Non-employee Directors, as amended on June 17, 1997 (the
"Retirement Plan"), reduced by the present value, actuarially determined by the
                    ----------
Company, as of January 1, 1997, of the stream of annual Retirement Awards
(granted under Section 5(a) hereof) through the electing participant's sixty-
fifth birthday, or (ii) an amount equal to the value of 750 shares of the
                --
Company's Common Stock (at the closing price on January 1, 1997) multiplied by
                                                                 -------------
the Eligible Director's total years of service as a director, as of January 1,
1997, all as determined in accordance with paragraph 3 of the Retirement Plan.

     (k)    The term "Non-employee Director" means any person who is elected to
the Board and who has not been an employee of the Company or any of its
subsidiaries at any time during the twelve (12) months preceding (i) any
election by such person under Section 3 hereof, (ii) the receipt of a Stock
Award by such person under Section 4 hereof, or (iii) the receipt of a
Retirement Award by such person under Section 5 hereof.

     (l)    The term "Plan" means this Scientific-Atlanta, Inc. Stock Plan for
Non-employee Directors, as amended from time to time.

     (m)    The term "Quarterly Compensation" means the sum of all meeting fees,
annual retainer fees, and Committee and Board Chairmanship fees for service as a
director earned by a Non-employee Director during a fiscal quarter. Compensation
paid to Non-employee Directors

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for their service to the Company in any other capacity, shall be excluded from
the calculation of Quarterly Compensation.

     (n)    The term "Retirement Award" means an award consisting of 1,500
Shares (subject to adjustment as herein provided) granted to an Eligible
Director pursuant to Section 5 hereof, which Shares shall be either deferred or
restricted for a period of at least two (2) years from the date of the grant, in
accordance with the terms of Section 5 hereof. Depending on the election made by
each Eligible Director under Section 5(a) hereof, each Retirement Award will be
either a Deferred Retirement Award or a Restricted Retirement Award (as such
terms are defined in Section 5(a) hereof).

     (o)    The term "Share" means a share of the Company's Common Stock, $.50
par value. Shares delivered to the Eligible Directors under this Plan may be
either authorized but previously Unicode shares or previously issued shares
reacquired by the Company.

     (p)    The term "Shareholder Approval" means the affirmative vote of a
majority of the shares of Common Stock present or represented and entitled to
vote at a meeting of the shareholders of the Company at which a quorum is
present.

     (q)    The term "Stock Award" means an award consisting of 500 Shares
(subject to adjustment as herein provided) granted to an Eligible Director
pursuant to Section 4(a) hereof.

3.   Elective Grants

     (a)    Each Non-employee Director may make an election to receive up to 100
percent (100%) of his or her Quarterly Compensation (in increments of 5%) in the
form of Shares pursuant to an Elective Grant made in accordance with this
Section 3(a). The election by the Non-employee Director to receive an Elective
Grant of Shares must be in writing and must be delivered to the Secretary of the
Company before the start of the fiscal quarter during which services are to be
rendered by the Non-employee Director giving rise to the Quarterly Compensation.
The election made by a Non-employee Director pursuant to this Section 3(a) shall
be in effect as to Quarterly Compensation payable for services rendered during
the fiscal quarter of the Company covered by the election.

     (b)    The number of Shares to be granted to a Non-employee Director who
makes an Elective Grant shall equal (i) the amount of the Quarterly Compensation
earned during the Company's fiscal quarter subject to the Elective Grant,
divided by (ii) the Fair Market Value Per Share on the last day of such fiscal
quarter. In no event shall the Company be required to issue fractional Shares.
Any fractional Share will be rounded to the nearest whole Share.

     (c)    As soon as practicable after each Non-employee Director's Elective
Grant of Shares is determined, the Company shall cause to be issued and
delivered to such Non-employee Director a stock certificate registered in the
name of the Non-employee Director evidencing his or her Elective Grant, less any
Shares withheld by the Company pursuant to Section 8 below.

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     (d)    No right to an Elective Grant and no interest therein may be
assigned, pledged, hypothecated, or otherwise transferred by a Non-employee
Director except that, in the event of the death of a Non-employee Director prior
to the issuance of a stock certificate evidencing an Elective Grant, such right
to such Elective Grant may be transferred to the Non-employee Director's
designated beneficiary or, in the absence of such designation, by will or the
laws of descent and distribution.

4.  Stock Awards

     (a)    Beginning with the 1995 Annual Meeting and at the Annual Meeting
every year thereafter through and including the Annual Meeting held in 2009,
every Eligible Director shall be granted a Stock Award.

     (b)    Subject to the provisions of Section 8 hereof, as soon as
practicable after the applicable Annual Meeting, the Company shall cause to be
issued and delivered to each Eligible Director receiving a Stock Award a stock
certificate registered in the name of such Eligible Director evidencing the
Stock Award, less any Shares withheld by the Company pursuant to Section 8
below.

     (c)    Eligible Directors shall not be deemed for any purpose to be, or
have any rights as, shareholders of the Company with respect to any Stock Award
until the stock certificates are issued and then only from the date of the
issuance of such stock certificates. Appropriate adjustments shall be made for
dividends or distributions or other rights for which the record date is after an
Annual Meeting and prior to the issuance of such stock certificates.

     (d)    No right to a Stock Award and no interests therein may be assigned,
pledged, hypothecated, or otherwise transferred by an Eligible Director except
that, in the event of the death of a Non-employee Director prior to the issuance
of a stock certificate evidencing a Stock Award, such right to such Stock Award
may be transferred to the Non-employee Director's designated beneficiary or, in
the absence of such designation, by will or the laws of descent and
distribution.

5.   Retirement Awards

     (a)    Beginning with the 1997 Annual Meeting and at the Annual Meeting
every year thereafter through and including the Annual Meeting held 2009, every
Eligible Director shall be granted a Retirement Award.  Each Eligible Director
shall elect annually either (i) to defer his or her right to receive such
Retirement Award, under the Deferred Compensation Plan for Non-employee
Directors, for a minimum period of two (2) years after the date of the grant
thereof (a "Deferred Retirement Award"), or (ii) to receive such Retirement
Award as restricted stock that cannot be sold, assigned or otherwise disposed of
by the Eligible Director for a period of two (2) years after the date of the
grant thereof (a "Restricted Retirement Award").

     (b)  Subject to the provisions of Section 8, as soon as practicable after
the expiration of (i) the deferral period under the Deferred Compensation Plan
for Non-employee Directors

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applicable to a Deferred Retirement Award, or (ii) the restriction period under
this Plan applicable to a Restricted Retirement Award, as applicable, the
Company shall cause to be issued to the pertinent Eligible Director a stock
certificate registered in the name of such Eligible Director evidencing the
Deferred Retirement Award or the Restricted Retirement Award, as applicable.

     (c)    Eligible Directors shall not be deemed for any purpose to be, or
have any rights as, shareholders of the Company with respect to any Retirement
Award until the stock certificates are issued and then only from the date of the
issuance of such stock certificates. Appropriate adjustments shall be made for
dividends or distributions or other rights for which the record date is after an
Annual Meeting and prior to the issuance of such stock certificates.

     (d)   No right to a Retirement Award and no interests therein may be
assigned, pledged, hypothecated, or otherwise transferred by an Eligible
Director except that, in the event of the death of a Non-employee Director prior
to the issuance of a stock certificate evidencing a Retirement Award, such right
to such Retirement Award may be transferred to the Non-employee Director's
designated beneficiary or, in the absence of such designation, by will or the
laws of descent and distribution.

     (e) During the two (2) year restriction period applicable to a Restricted
Retirement Award, Eligible Directors shall have all rights of a shareholder with
respect to the Shares granted under the Retirement Award, including the right to
vote such Shares and to receive dividends and other distributions paid with
respect to such Shares, but they shall not have the right to sell, exchange,
transfer, pledge, hypothecate or otherwise dispose of such Restricted Retirement
Award, except that such Shares may be transferred upon the death of the Eligible
Director to such of his legal representatives, heirs and legatees as may be
entitled thereto by will or the laws of intestacy.

6.   Lump Sum Distributions

     (a) As soon as practicable after the 1997 Annual Meeting, every Eligible
Director who has elected to receive a Lump Sum Distribution, in accordance with
paragraph 3 of the Retirement Plan for Non-employee Directors, shall be granted
a Lump Sum Distribution under this Plan.  Each Eligible Director shall elect to
defer his or her right to receive such Lump Sum Distribution, under the Deferred
Compensation Plan for Non-employee Directors, until not earlier than such
Eligible Director's Retirement, Death or Total Disability (as such terms are
defined in that plan).

     (b)  Subject to the provisions of Section 8, as soon as practicable after
the expiration of the deferral period under the Deferred Compensation Plan for
Non-employee Directors applicable to such Lump Sum Distribution for an Eligible
Director, the Company shall cause to be issued to such Eligible Director
receiving a Lump Sum Distribution a stock certificate registered in the name of
such Eligible Director evidencing the Lump Sum Distribution.

                                       5
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     (c)    Eligible Directors shall not be deemed for any purpose to be, or
have any rights as, shareholders of the Company with respect to any Lump Sum
Distribution until the stock certificates are issued and then only from the date
of the issuance of such stock certificates.  Appropriate adjustments shall be
made for dividends or distributions or other rights for which the record date is
after an Annual Meeting and prior to the issuance of such stock certificates.

     (d)   No right to a Lump Sum Distribution and no interests therein may be
assigned, pledged, hypothecated, or otherwise transferred by an Eligible
Director except that, in the event of the death of a Non-employee Director prior
to the issuance of a stock certificate evidencing a Lump Sum Distribution, such
right to such Lump Sum Distribution may be transferred to the Non-employee
Director's designated beneficiary or, in the absence of such designation, by
will or the laws of descent and distribution.

7.   Adjustment Upon Changes in Capitalization

If a reorganization, recapitalization, stock split, stock dividend, combination
of shares, merger, consolidation, rights offering, or any other change in the
corporate structure of the Company or the Shares occurs, then the number and/or
kind of shares to be awarded under the Plan shall be automatically adjusted as
required in order to prevent an unfavorable effect upon the value of the Awards
to be made under this Plan.

8.   Election for Tax Purposes/Tax Withholding/Deferral

     (a)    All Awards made pursuant to this Plan shall be subject to the
withholding of state and federal income taxes, FICA tax or other taxes to the
extent required by applicable law.  The Company shall, before delivery of a
stock certificate evidencing an Award, require the recipient to make
arrangements satisfactory to the Company to satisfy such withholding
requirement, if any.  An Eligible Director receiving an Award may satisfy such
withholding requirement by having the Company withhold Shares otherwise issuable
to the Eligible Director if such Director makes a written election to do so,
which election must be delivered to the Secretary of the Company.  Each Eligible
Director receiving a Restricted Retirement Award shall have the right to make an
election, under the terms of Section 83(b) of the U.S. tax code and related
regulations, whereby such Eligible Director would treat such Restricted
Retirement Award as creating income on the date of the grant thereof, rather
than on the date upon which the restriction period expires.

     (b)    The right to receive any Shares under this Plan, at the election of
the Non-employee Director receiving an Award (without need for Committee
approval), may be deferred under the provisions of the Company's Deferred
Compensation Plan for Non-employee Directors.  In the event of such a deferral,
the Eligible Director will not have any rights of ownership, such as voting,
selling or receipt of dividends, until the deferral period for such Award
expires.

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9.   Administration

The Plan shall be administered by the Committee. The Committee shall have full
authority, consistent with the Plan, to interpret the Plan and to promulgate
such rules and regulations with respect to the Plan as it deems desirable for
the administration of the Plan. The Committee shall have authority to determine
all matters relating to the administration and granting of Awards. All
decisions, determinations and interpretations of the Committee shall be binding
upon all persons.

10.  Compliance with Applicable Legal Requirements

The Plan, the Awards, and the obligation of the Company to deliver Shares under
the Plan shall be subject to all applicable laws, regulations, and the
requirements of the exchanges on which Shares may, at the time, be listed.  In
the event that the Shares to be issued under this Plan are not registered under
the Securities Act of 1933 and/or any applicable state securities laws prior to
the delivery of such Shares, the Company may require, as a condition to the
issuance thereof, that each Eligible Director to whom such Shares are to be
issued represent and warrant in writing to the Company that the Shares are being
acquired by him or her for investment for his or her account and not for resale
or with any intent of participating directly or indirectly in any distribution
of such Shares and a legend to that effect may be placed on the stock
certificates representing such Shares.

11.  Amendments

The Committee with Board Approval may amend this Plan or any provision thereof
from time to time for the purpose of satisfying the requirements of any changes
in applicable laws or regulations or for any other purpose which at the time may
be permitted by law, provided that no amendment, except with shareholder
Approval, shall: (i) change the calculation of the Awards so as to increase the
value of the award to the Non-employee Directors; (ii) increase the frequency of
the Awards, (iii) materially increase in any other way the benefits to the Non-
employee Directors, (iv) materially modify the definitions of Non-employee
Director or Eligible Directors as defined herein, or (v) disqualify a Non-
employee Director from being a "Non-Employee Director" administrator (within the
meaning of Rule 16b-3 or any successor rule of the Securities and Exchange
Commission) of any stock-based plan of the Company. Notwithstanding the
foregoing, in no case may the Plan provisions pertaining to the amount or
determination of a Stock Award, Elective Grant, Retirement Award, or the
determination of Eligible Directors be amended more than once every six months,
other than to comport with changes in the Internal Revenue Code, the Employee
Retirement Income Security Act, or the rules thereunder.

12.  Discontinuance

The Board may suspend or discontinue this Plan in whole or in part, but any such
suspension or discontinuance shall not affect Awards granted under this Plan
prior thereto.

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13.   Governing Law

This Plan is made in accordance with and shall be governed in all respects by
the laws of the State of Georgia.

14.   Effective Date

This Plan was effective on August 24, 1995.

15.   Term

The term of this Plan shall be for the period commencing as of the date of Board
Approval and ending with the Annual Meeting held in 2009.

To record the adoption of the Plan by the Board and by the shareholders and to
record the amendments of the Plan, most recently as of August 15, 2001, the
Company has caused its authorized officers to execute this Plan and affix the
corporate name and seal hereto.

                              SCIENTIFIC-ATLANTA, INC.

                              By:    /s/ Brian C. Koenig
                                     ---------------------------------------
                              Name:  Brian C. Koenig
                              Title: Senior Vice President - Human Resources

                              By:    /s/ William E. Eason, Jr.
                                     ---------------------------------------
                              Name:  William E. Eason, Jr.
                              Title: Corporate Secretary

[Corporate Seal]

                                       8<PAGE>

                                                                    EXHIBIT 10.5
[LOGO OF SCIENTIFIC ATLANTA]

                        DEFERRED COMPENSATION PLAN FOR
              NON-EMPLOYEE DIRECTORS OF SCIENTIFIC-ATLANTA, INC.
              --------------------------------------------------

                                 As Amended and Restated, Effective July 1, 2001

ARTICLE I - INTRODUCTION
------------------------

1.1  Name of the Plan
     -----------------

     This Plan shall be known as the Deferred Compensation Plan for Non-Employee
Directors of Scientific-Atlanta, Inc. ("the Company").

1.2  Purpose of Plan
     ---------------

     The purpose of the Plan is to provide non-employee directors of the Company
the opportunity to defer receipt of cash compensation and compensation in the
form of stock payable to them for services to the Company as directors.

1.3  Restatement of Plan
     -------------------

     This document amends and restates the Plan effective as of July 1, 2001.
All deferral elections made on or after July 1, 2001, shall be governed by the
terms of the Plan as amended and restated herein.

ARTICLE II - DEFINITIONS
------------------------

For purposes of this Plan the following words and phrases shall have the
meanings and applications set forth below:

2.1  Annual Retainer
     ---------------

     The amount paid each year, in quarterly payments, to non-employee members
of the Board of Directors of the Company.

2.2  Award Sub-Account
     -----------------

     The sub-account described in Section 5.4 of this Plan.

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2.3  Awards
     ------

     The right to receive shares of Scientific-Atlanta Common Stock, granted
under a Stock Award, an Elective Grant, a Retirement Award, or a Lump Sum
Distribution made pursuant to the Stock Plan for Non-Employee Directors, as such
terms are defined in that plan.

2.4  Beneficiary
     -----------

     A person or entity designated in accordance with the terms and conditions
of this Plan to receive benefits upon the death of a Participant.

2.5  Committee Chair Retainer
     ------------------------

     The amount paid each year, in quarterly payments to a non-employee director
who chairs a standing or special committee of the Board of Directors.

2.6  Compensation
     ------------

     The total of a Participant's Annual Retainer, Meeting Fees, and Committee
Chair Retainer payments paid to the Participant, by the Company during a Plan
Year.

2.7  Conversion Date
     ---------------

     August 16, 2000.

2.8  Deferral Election
     -----------------

     Each election made by a Participant to defer a portion of his or her
Compensation and/or Awards by executing and submitting an Election Form.

2.9  Deferral Period
     ---------------

     The period commencing on the date that an Election Form becomes effective
for a Deferral Election and continuing until the Deferred Benefit Commencement
Date.

2.10 Deferred Benefit Account
     ------------------------

     An account maintained pursuant to and in accordance with the terms and
conditions set forth in Article V hereof by or on behalf of the Company for each
Deferral Election made by a Participant under this Plan.

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2.11 Deferred Benefit Commencement Date
     ----------------------------------

     The date designated by a Participant with respect to each Deferral Election
entered on an Election Form as the date on which the payment of the Deferred
Benefits that accumulate as a result of each respective election is to begin.

2.12 Deferred Benefits
     -----------------

     The amounts (and number of shares of Scientific-Atlanta Common Stock, if
applicable) payable to a Participant or to his or her Beneficiary or estate
beginning on the Deferred Benefit Commencement Date under this Plan.

2.13 Determination Date
     ------------------

     The last day of each Plan Year.

2.14 Election Amount
     ---------------

     The amount of Compensation (and right to a certain number of shares of
Scientific-Atlanta Common Stock under an Award, if applicable) to be deferred
pursuant to a single Deferral Election.

2.15 Election Form
     -------------

     The form completed by a Participant in order to make one or more Deferral
Elections for the next Plan Year, as the same may be amended or revised as
herein permitted.

2.16 Interest Sub-Account
     --------------------

     The sub-account described in Section 5.2 of this Plan.

2.17 Meeting Fees
     ------------

     The amounts paid to a non-employee member of the Board of Directors of the
Company for each meeting of the Board and each meeting of a standing or special
committee he or she attends.

2.18 Participant
     -----------

     A non-employee member of the Board of Directors of the Company who elects
to participate in this Plan.

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2.19 Phantom Stock
     -------------

     The hypothetical shares of Scientific-Atlanta Common Stock credited to the
Phantom Stock Sub-Account prior to the Conversion Date.

2.20 Phantom Stock Sub-Account
     -------------------------

     Prior to the Conversion Date, the sub-account into which Compensation
could be deferred and converted into values based upon hypothetical shares of
Scientific-Atlanta Common Stock.

2.21 Plan
     ----

     This Deferred Compensation Plan for Non-Employee Directors of Scientific-
Atlanta, Inc., as amended from time to time.

2.22 Plan Committee
     --------------

     The Human Resources and Compensation Committee of the Board of Directors of
the Company.

2.23 Plan Interest Rate
     ------------------

     An annual rate of interest equal to the average of Moody's Long Term
Industrial Bond Rate for the ninety (90) day period ending on the March 1st
preceding the commencement of each Plan Year (rounded to the next highest one-
half (1/2) percentage point), plus 1%, which shall be credited to a
Participant's Deferred Benefit Accounts during such Plan Year.

2.24 Plan Year
     ---------

     The period beginning on the first day of July of each calendar year and
ending on and including the last day of June of the next calendar year.

2.25 Retirement
     ----------

     The discontinuation of service on the Board of Directors by a Participant
who is fifty-five years of age or older with at least three years of Board
service.

2.26 Scientific-Atlanta Common Stock
     -------------------------------

     The $.50 par value per share common stock of the Company.

                                       4
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2.27 Service Termination Date
     ------------------------

     The last day of the month immediately preceding the date of a Participant's
Retirement, termination of service, determination of Total Disability, or death,
whichever is applicable.

2.28 Split-Dollar Insurance Sub-Account
     ----------------------------------

     The sub-account described in Section 5.5 of this Plan.

2.29 Stock Sub-Account
     -----------------

     The sub-account described in Section 5.3 of this Plan.

2.30 Total Disability
     ----------------

     A physical or mental condition which is expected to be totally and
permanently disabling as determined in accordance with the terms and conditions
of the long-term disability plan currently or most recently maintained by the
Company for the benefit of its employees who are totally disabled.

ARTICLE III - ELIGIBILITY AND PARTICIPATION
-------------------------------------------

3.1  Eligibility
     -----------

     Directors who are not employees of the Company and who are actively serving
on the Board of Directors of the Company shall be eligible to participate in
this Plan.

3.2  Participation
     -------------

     The Plan Committee shall notify in writing each director who becomes
eligible to participate in this Plan of his or her eligibility.  Eligible
directors may participate in this Plan by completing an Election Form on or
before the end of the quarter immediately preceding the quarter in which he or
she wants to begin deferring Compensation or Awards.  If timely received, such
election to participate shall be effective on the first day of the succeeding
quarter.

ARTICLE IV - COMPENSATION DEFERRAL
----------------------------------

4.1  Deferral Election
     -----------------

     (a) A Participant shall effect a Deferral Election by executing and
     submitting to the Plan Committee an Election Form.  Subsequently, the
     Company shall defer Election Amounts deferred from the Participant's
     Compensation and Awards at the time Compensation would have been paid or at
     the time the right to receive shares of Scientific-Atlanta Common Stock was
     granted, as applicable.

                                       5
<PAGE>

     (b) Each Election Amount shall be deferred for the Deferral Period
     specified with respect to the particular Deferral Election in the Election
     Form, provided, however, that the Participants shall not be entitled to
     defer Retirement Awards or Lump Sum Distributions (as such terms are
     defined in the Stock Plan for Non-Employee Directors) for Deferral Periods
     that are shorter than the minimum Deferral Periods for such Awards that are
     set forth in the Stock Plan for Non-Employee Directors.

     (c) All Deferral Elections shall apply solely to Compensation and/or Awards
     which will be paid (or granted) to a Participant beginning with the first
     day of the calendar quarter commencing subsequent to the calendar quarter
     in which the Deferral Election is received; provided, however, the
                                                 --------  -------
     Participant must submit the Election Form at least thirty (30) days prior
     to the quarter in which the Participant desires to commence a deferral.
     Any Deferral Election will apply only to Compensation and/or Awards paid
     (or granted) during the Plan Year in which the election becomes effective.
     A Participant may revise or change any election contained in any Election
     Form, other than the Election Amount, by submitting to the Plan Committee a
     request for such a revision or change and obtaining the Plan Committee's
     approval of such revision or change at least ninety (90) days prior to the
     effective date of such revision or change.

4.2  Election Amounts
     ----------------

     Each Election Amount specified by a Participant on an Election Form with
respect to any Plan Year shall state in percentages the amount (and, to the
extent applicable, the right to receive a specific number of shares of
Scientific-Atlanta Common Stock), if any, which the Participant wishes to defer.
An election to defer Compensation must equal a minimum of five percent up to a
maximum of one hundred percent, in increments of five percentage points, of the
Compensation which the Participant may be paid during the Plan Year.  As to
Awards, the election must be in whole shares, with no right to receive
fractional shares being deferred.

4.3  Investment Election
     -------------------

     (a) A Participant shall specify in his or her Deferral Election the
     percentage of the Election Amount to be credited to an Interest Sub-
     Account, a Stock Sub-Account or a Split-Dollar Insurance Sub-Account, and
     the number of shares from Awards to be credited to an Award Sub-Account.

     (b) Compensation may be credited into an Interest Sub-Account, a Stock Sub-
     Account or a Split-Dollar Insurance Sub-Account, but Awards may only be
     credited into an Award Sub-Account.

4.4  Deferral Period
     ---------------

     With the exception of any amounts deposited into a Split-Dollar Insurance
Sub-Account, a Participant shall irrevocably specify in his or her Deferral
Election a Deferred Benefit Commencement Date for all of the Election Amount to
be deferred pursuant to such Deferral

                                       6
<PAGE>

Election, which date shall be (i) a set date which is no earlier than July 1
following the end of the Plan Year in which the Election Amount is deferred;
(ii) the Participant's Retirement; or (iii) a date which is either the fifth or
the tenth anniversary following the date of the Participant's Retirement. In the
case of Awards which have minimum Deferral Periods that are required under the
terms of the Stock Plan for Non-Employee Directors, the above limitations shall
apply, and the Participant shall also be required to elect a Deferral Period
that complies with the minimum Deferral Periods required under the Stock Plan
for Non-Employee Directors.

4.5  Deferred Benefit Commencement Date; Manner of Payment and
     ---------------------------------------------------------
     Issuance
     --------

     Except as otherwise provided in Article VI hereof, the Election Amounts
that accumulate in a Deferred Benefit Account as a result of a Participant's
making a Deferral Election will be paid (or issued, as applicable) by the
Company to the Participant in the manner and commencing on the Deferred Benefit
Commencement Date designated with respect to the Deferral Election in an
Election Form.

     (a)  Manner of Cash Payments:  Except as otherwise provided in Article VI
          -----------------------
     hereof, the Participant may elect to receive payment of the Deferred
     Benefits held in the form of cash, which Deferred Benefits are held in an
     Interest Sub-Account, pursuant to one of the following methods:

          (1)  Annual, semi-annual or quarterly installments payable over a
          five, ten or fifteen year period, and commencing on the respective
          Deferred Benefit Commencement Date; or

          (2)  A single lump sum payment of the entire balance of the respective
          Deferred Benefit Account, determined as of and payable on the Deferred
          Benefit Commencement Date.

     (b)  Manner of Issuance of Shares:  Except as otherwise provided in Article
          ----------------------------
     VI hereof, the Participant may elect to receive issuance of the Deferred
     Benefits held in the form of shares of Scientific-Atlanta Common Stock held
     in a Stock Sub-Account or an Award Sub-Account, pursuant to one of the
     following methods:

          (1) Annual, semi-annual or quarterly issuance of shares of Scientific-
          Atlanta Common Stock from an Award Sub-Account or a Stock Sub-Account
          over a five, ten or fifteen year period, and commencing on the
          respective Deferred Benefit Commencement Date; provided, however, that
                                                         --------  -------
          no fractional shares of Scientific-Atlanta Common Stock will be
          issued; or

          (2) A single issuance of all shares subject to the specific Award Sub-
          Account or Stock Sub-Account, determined as of and payable on the
          Deferred Benefit Commencement Date.

                                       7
<PAGE>

     (c) Stock.  The shares of Scientific-Atlanta Common Stock issued under the
         -----
     Stock Sub-Account of this Plan may be authorized, but previously unissued,
     shares or previously issued shares reacquired by the Company.  The
     aggregate number of shares which may be issued under the Stock Sub-Account
     of this Plan shall not exceed 750,000 shares.

     (d) Change in Payment or Issuance Method.  A Participant may change the
         ------------------------------------
     method of payment (or method of issuance of shares) selected, which method
     was selected pursuant to the terms of subsection (a) or subsection (b)
     above, as applicable, with respect to a Deferral Election by submitting a
     request in writing to the Plan Committee.  Prior to a change in the method
     of payment or a change in the method of issuance of shares becoming
     effective, the Plan Committee must approve such change.  Participants may
     not move Deferred Benefits from one sub-account to another sub-account,
     except that Participants may move Deferred Benefits from an Interest Sub-
     Account to a Split-Dollar Insurance Sub-Account by notifying the Plan
     Committee in writing and designating in such notification the date upon
     which such Deferred Benefits are to be moved.

4.6  Designation of Beneficiaries
     ----------------------------

     A Participant shall designate a Beneficiary with respect to each Deferral
Election and may change the Beneficiary designation with respect to any Deferral
Election at any time by submitting to the Plan Committee a revised Beneficiary
designation in writing reflecting the change.

ARTICLE V - DEFERRED BENEFIT ACCOUNTS
-------------------------------------

5.1  Deferred Benefit Accounts
     -------------------------

     The Company shall cause to be established and maintained for each
Participant a separate Deferred Benefit Account, and within each such Deferred
Benefit Account an Interest Sub-Account, a Stock Sub-Account, an Award Sub-
Account and Split-Dollar Insurance Sub-Account with respect to each Deferral
Election.  The Company shall credit the Election Amount deferred pursuant to
each such election to the Participant's appropriate Deferred Benefit Account,
and to the Interest Sub-Account, the Stock Sub-Account, the Award Sub-Account
and the Split-Dollar Insurance Sub-Account as specified in the Election, as of
the date deferred from Participant's Compensation as provided in Section 4.1
hereof.

5.2  Interest Sub-Account
     --------------------

     Except as otherwise provided by Section 6.2(a) hereof, interest shall
accrue at the Plan Interest Rate on any amounts credited to an Interest Sub-
Account from the date on which the amount is credited until it is paid to the
Participant, and shall be credited daily using the daily equivalent yield of the
Plan Interest Rate.

                                       8
<PAGE>

5.3  Stock Sub-Account
     -----------------

     If a Participant elects all or a portion of the Election Amount to be
credited to the Stock Sub-Account, the amount so credited shall be deemed to be
the right to receive a number of shares of Scientific-Atlanta Common Stock
determined as follows:

     (a)  Conversion into Scientific-Atlanta Common Stock:  The amount credited
          -----------------------------------------------
     to the Stock Sub-Account shall be converted on the date of such credit into
     the right to receive a number of shares of Scientific-Atlanta Common Stock
     determined by dividing the amount credited by the average closing price of
     Scientific-Atlanta Common Stock, as reported on the composite tape of the
     New York Stock Exchange, for the 20 business days immediately preceding the
     last day of the month prior to the month in which such amount is credited
     (the "Conversion Price").

     (b) Conversion of Phantom Stock:  Effective as of the Conversion Date, all
         ---------------------------
     hypothetical shares of Scientific-Atlanta Common Stock credited to a
     Participant's Phantom Stock Sub-Account shall be converted into the right
     to receive the same number of the shares of Scientific-Atlanta Common Stock
     under the Stock Sub-Account.

     (c) Fractional Shares:  No fractional shares will be credited to a Stock
         -----------------
     Sub-Account. In lieu of fractional shares, an amount equal to the
     fractional share multiplied by the Conversion Price shall be credited to
     the Interest Sub-Account.

     (d) Dividends:  No interest will accrue on the amounts held in a Stock Sub-
         ---------
     Account, but amounts equivalent to the cash dividends that would have been
     paid if the underlying shares had been issued will be placed in an Interest
     Sub-Account.

     (e) No Rights as Shareholder:  A Participant shall not have any rights as a
         ------------------------
     shareholder of the Company with respect to any amounts credited to the
     Stock Sub-Account or the right to receive shares of Scientific-Atlanta
     Common Stock represented by such amounts until such shares are actually
     issued as hereinafter provided.

5.4  Award Sub-Account
     -----------------

     If a Participant elects that an Award be deferred and credited to an Award
Sub-Account, such Award will remain in such Award Sub-Account until the Deferred
Benefit Commencement Date related to such Award Sub-Account occurs.  No interest
will accrue on the Award in such Award Sub-Account, but Accrued Dividends will
accrue and will be placed in an Interest Sub-Account.  A Participant shall not
have any rights as a shareholder of the Company while an Award is held in an
Award Sub-Account.

5.5  Split-Dollar Insurance Sub-Account
     ----------------------------------

     Amounts credited to a Split-Dollar Insurance Sub-Account shall be used to
pay premiums on life insurance insuring the life of the Participant, or, at the
Participant's election, the lives of

                                       9
<PAGE>

the Participant and his or her spouse on a joint and survivor basis, pursuant to
such policies of insurance, and with such insurers, as the Plan Committee may
determine from time to time. The Company shall be the owner of such insurance
policy or policies, and the proceeds thereof shall be payable as provided in an
Endorsement Split-Dollar Agreement to be entered into between the Participant
and the Company.

5.6  Statement of Accounts
     ---------------------

     Within ninety (90) days after each Determination Date, the Plan Committee
shall submit to each Participant a statement in such form as the Plan Committee
shall deem desirable, setting forth a summary of the Deferral Elections made and
the current balances of the Deferred Benefit Accounts and related sub-accounts
maintained for the Participant as of the Determination Date.

ARTICLE VI - PAYMENT (AND ISSUANCE) OF DEFERRED BENEFITS
--------------------------------------------------------

6.1  General
     -------

     Except as otherwise provided herein, Deferred Benefits credited to the
Interest Sub-Account, the Stock Sub-Account or the Award Sub-Account shall be
payable (and issued, if applicable) to a Participant upon the Deferred Benefit
Commencement Date and pursuant to the manner of payment (or issuance, if
applicable) selected by the Participant on the applicable Deferral Election or
any permitted modification thereof, pursuant to Section 4.5(d) hereof.  If the
Participant has elected to receive such Deferred Benefits in installments, the
amount payable in the first year of such installments shall be an amount that
will fully amortize the balance in the Participant's Deferred Benefit Account
determined as of the Deferred Benefit Commencement Date over the five, ten or
fifteen year period, based on assumed interest earnings at the Plan Interest
Rate (to the extent applicable) in effect for such first year. Thereafter, the
amount payable (or to be issued) in each succeeding year shall be adjusted to an
amount that will fully amortize the remaining balance in such Deferred Benefit
Account over the remaining years in the aforesaid five, ten, or fifteen year
installment period based on the Plan Interest Rate (to the extent applicable)
for such succeeding year.  Proceeds of life insurance purchased with amounts
credited to the Split-Dollar Insurance Sub-Account shall be payable as provided
in the respective policy or policies and the applicable Endorsement Split-Dollar
Agreement.

6.2  Service Termination
     -------------------

     Deferred Benefits shall be paid (or issued, as appropriate) to a
Participant after his or her termination, as follows:

     (a)  Upon termination of service as a director prior to the Participant's
     Retirement:

          (1)  the amounts in each of the Participant's Deferred Benefit
          Accounts shall cease to earn interest (to the extent applicable) and
          the balance of each Deferred Benefit Account shall be determined in
          accordance with Article V hereof, and

                                       10
<PAGE>

          (2) the Company shall pay (or issue, as appropriate) to the
          Participant the balance of each of the Participant's Deferred Benefit
          Accounts not according to the Participant's elections as specified in
          his or her Election Forms but in a lump sum, to be paid within sixty
          days of the termination.

     (b)  Upon termination of service as a director on the date of the
     Participant's Retirement, the Company will pay (or issue) to such a
     Participant all amounts in his or her Deferred Benefit Accounts in
     accordance with Section 6.1 hereof.

6.3  Total Disability
     ----------------

     Deferred Benefits shall be paid (or issued, as appropriate) to a
Participant after his or her becoming Totally Disabled, as follows:

     (a)  Upon the determination that a Participant is Totally Disabled, no
     further deferrals will be made from his or her Compensation, and the
     Company shall pay (or issue, as appropriate) to the Participant all amounts
     in his or her Deferred Benefit Accounts in accordance with Section 6.2
     hereof unless the Participant has specified in his or her Election Form a
     different manner of payment.

     (b)  For purposes of this Plan, once a Participant is determined to be
     Totally Disabled, he or she will continue to be deemed Totally Disabled
     irrespective of the Participant's ceasing to be considered Totally Disabled
     for purposes of any other plan maintained by the Company.

     (c)  In the event that a Totally Disabled Participant recovers and resumes
     service with the Board, such Totally Disabled Participant may resume
     participation in this Plan at the discretion of the Plan Committee;

     provided, however, that in any event the Totally Disabled Participant shall
     --------  -------
     continue to receive payments of Deferred Benefits that are then being paid
     pursuant to the terms of this Plan.

6.4  Death
     -----

     Deferred Benefits shall be paid (or issued, as appropriate) after the death
of a Participant, as follows:

     (a)  After the death of a Participant, the Company shall pay the amounts
     (or issue shares of Scientific-Atlanta Common Stock, if applicable) in each
     of the Participant's Deferred Benefit Accounts to the Beneficiary
     designated by the Participant with respect to each Deferral Election in
     each of his or her respective Election Forms, or, if the Participant fails
     to so designate a Beneficiary, to his or her estate.

     (b)  If the Participant dies prior to Retirement, the Company shall pay to
     each respective Beneficiary or to the Participant's estate, as the case may
     be, the amounts in each of the Participant's respective Deferred Benefit
     Accounts (or issue the shares held in

                                       11
<PAGE>

     the Stock Sub-Account or the Award Sub-Account), in the same manner as set
     forth in Section 6.2(a).

     (c)  If the Participant dies following Retirement or being determined to be
     Totally Disabled but prior to his or her receiving the full payment of all
     Deferred Benefits payable to him or her, the Company shall pay (or issue,
     if appropriate) to the respective Beneficiaries or to the Participant's
     estate, as the case may be, the same Deferred Benefits in the same manner
     as it otherwise would have paid (or issued) to the Participant as if the
     Participant had not died, unless the Participant has specified in his or
     her Election Form a different manner of payment to a Beneficiary.

     (d)  Notwithstanding the other provisions of Section 6.4, a Beneficiary may
     request a different payment schedule than what has been elected by the
     Participant, if such change does not further defer the scheduled payout, by
     submitting a request in writing to the Plan Committee. The granting of any
     such request shall be within the discretion of the Plan Committee.

     (e)  If a Beneficiary who is receiving Deferred Benefits pursuant to this
     Plan dies, the remainder of the Deferred Benefits to which such Beneficiary
     was entitled at the time of his or her death shall continue to be payable
     to the Beneficiary or to beneficiaries designated by such Beneficiary in
     writing to the Plan Committee (or to the Beneficiary's estate or heirs if
     he or she fails to designate a beneficiary or beneficiaries).

ARTICLE VII - PLAN ADMINISTRATION
---------------------------------

7.1  Plan Committee
     --------------

     This Plan and all matters related to it shall be administered by the Plan
Committee. The Plan Committee shall have the authority to interpret the
provisions of this Plan and to determine all questions arising in the
administration, interpretation and application of this Plan.

ARTICLE VIII - PARTICIPANT'S RIGHTS
-----------------------------------

8.1  Ineligibility to Participate in Plan
     ------------------------------------

     In the event that the Plan Committee determines that a Participant has
become ineligible to continue to participate in this Plan, the Plan Committee
may terminate Participant's participation in this Plan upon ten (10) days' prior
written notice to the Participant. In such event, the Participant will not be
entitled to make further Deferral Elections, but all current Deferral Elections
shall continue in effect. All Deferred Benefit Accounts shall be payable as
otherwise provided in Article VI hereof.

                                       12
<PAGE>

8.2  Termination of Plan
     -------------------

     The Board of Directors of the Company may terminate this Plan at any time,
and termination of this Plan shall be effective upon ten (10) days' written
notice to all Participants in the Plan. Upon such termination of this Plan, the
Company shall pay all Participants their Deferred Benefits as provided in
Section 6.1 and in the Participant's Election Form; provided, however, if this
                                                    --------- -------
Plan is terminated within two (2) years after a Change in Control (as defined in
Section 9.4 hereof), each Participant's Deferred Benefits shall be paid in
accordance with either (a) each Participant's "Change in Control Election Form"
(as defined in Section 9.3 hereof), provided such Participant has completed and
submitted such Change in Control Election Form, as required by Section 9.3
hereof, or (b) Participant's original Election Form and in accordance with
Section 6.1 hereof, but only if a Participant has not validly completed and
submitted a Change in Control Election Form. Upon termination of the Plan,
amounts credited to the Deferred Benefit Accounts of each Participant shall
continue to earn interest at the Plan Interest Rate until such amounts are paid
to the Participant.

8.3  Participant's Rights
     --------------------

     The right of a Participant or his or her Beneficiary or estate to receive
any benefits under this Plan shall be solely that of an unsecured creditor of
the Company.  Any asset acquired or held by the Company or funds allocated by
the Company in connection with the liabilities assumed by the Company pursuant
to this Plan shall not be deemed to be held under any trust for the benefit of
any Participant or of any of Participant's Beneficiaries or to be security for
the performance of the Company's obligations hereunder but shall be and remain a
general asset of the Company.

8.4  Spendthrift Provision
     ---------------------

     Neither a Participant nor any person claiming through a Participant shall
have the right to commute, sell, assign, transfer, pledge, mortgage or otherwise
encumber, transfer, hypothecate or convey any Deferred Benefit payable hereunder
or any part thereof in advance of its actually having been received by a
Participant or other appropriate recipient under this Plan, and the right to
receive all such Deferred Benefits is expressly declared to be non-assignable
and non-transferable. Prior to the actual payment (or issuance, if appropriate)
thereof, no part of the Deferred Benefits payable hereunder shall be subject to
seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any person claiming through a
Participant or be transferable by operation of law in the event of a
Participant's or any such other person's bankruptcy or insolvency.

8.5  Cooperation
     -----------

     Each Participant will cooperate with the Company by furnishing any and all
information reasonably requested by the Company in order to facilitate the
payment of Deferred Benefits hereunder and by taking any such other actions as
the Company or the Plan Committee may reasonably request.

                                       13
<PAGE>

ARTICLE IX - CHANGE IN CONTROL
------------------------------

9.1  Applicability
     -------------

     Notwithstanding any provision in this Plan to the contrary, the terms of
this Article IX shall apply to any Participant, whether active or inactive.

9.2  Effect of Change in Control
     ---------------------------

     Upon a Change in Control the following shall immediately occur:

     (a) The Company shall contribute to the trust maintained pursuant to the
     Scientific-Atlanta, Inc. Benefits Protection Trust Agreement a lump sum
     amount equal to each Participant's Deferred Benefit Accounts. The Company
     shall assign to such trust (i) any split-dollar life insurance policies
     held by the Company, pursuant to Section 5.5 hereof, for the benefit of a
     Participant's beneficiaries; and (ii) any Endorsement Split-Dollar
     Agreements between the Company and a Participant.

     (b) All Participants shall be deemed to have satisfied the age and service
     requirements in the definition of Retirement in this Plan.

     (c) For any Participant who is a member of the Board on the date that a
     Change in Control occurs and who ceases, within twenty-four (24) months
     after a Change in Control, to be a member of the Board for any reason, the
     Company shall pay such Participant his or her Deferred Benefits in
     accordance with such Participant's Change in Control Election Form, if
     completed and returned pursuant to Section 9.3. If a Participant has not
     completed and returned such Change in Control Election Form, such
     Participant's Deferred Benefits shall be paid in accordance with his
     original Election Form and Article VI hereof.

     (d) All amounts held in an Interest Sub-Account shall remain in such
     Interest Sub-Account and shall earn interest at the Plan Interest Rate
     until all amounts in such Interest Sub-Account are fully paid.

     (e) The rights to receive shares under all Stock Sub-Accounts and all
     Awards held in an Award Sub-Account shall be automatically converted into
     the cash value of such shares on the date of the Change in Control and such
     cash value shall be automatically transferred to the Interest Sub-Account
     (and earn interest in accordance with Section 9.2(d)). The cash value of
     such shares on the date of the Change in Control shall be determined by
     multiplying the closing price of one (1) share of Scientific-Atlanta Common
     Stock on the business day immediately prior to the date of the Change in
     Control times the number of shares of Scientific-Atlanta Common Stock that
             -----
     the Participant has a deferred right to receive under his Stock Sub-Account
     or his Award Stock-Sub-Account.

                                       14
<PAGE>

     (f) All amounts, if any, held in a Participant's Split-Dollar Insurance
     Sub-Account shall be automatically transferred to an Interest Sub-Account
     for such Participant (and shall earn interest in accordance with Section
     9.2(d)). The trust described in Section 9.2(a) shall withdraw from a
     Participant's Interest Sub-Account the amounts required to pay the premiums
     for the split-dollar life insurance held by the trust (pursuant to Section
     9.2(a)) for the benefit of such Participant's beneficiaries.

9.3  Change in Control Election Form
     -------------------------------

     At any time at least ninety (90) days prior to a Change in Control, each
Participant may elect to have his Deferred Benefits paid out after a Change in
Control in a manner different from the manner he previously elected in his
original Election Form. Each Participant may complete and submit a Change in
Control Election Form and thereby elect to have his or her Deferred Benefits
paid as follows if the Plan is terminated or a Participant's service on the
Board is terminated, within twenty-four (24) months after a Change in Control:
(a) have his Deferred Benefits paid as a lump sum payment, payable within five
(5) days after the date of termination of the Plan or the date of Participant's
termination of service on the Board (whichever occurs first); or (b) have his
Deferred Benefits paid as though his Deferred Benefit Commencement Date were the
date of termination of the plan or the date of Participant's termination of
service on the Board (whichever occurs first); or (c) have his Deferred Benefits
paid as of a specified date (the "Change in Control Election Form"). As with the
original Election Form, Participant may elect, in his Change in Control Election
Form, to have his Deferred Benefits paid in a lump sum, or in installments over
a 5-year period, a 10-year period, or a 15-year period. For a Change in Control
Election Form to be validly submitted by a Participant, it must be received by
the Corporate Secretary of the Company prior to the deadline specified in the
first sentence of this Section 9.3.

9.4  Definition of Change in Control
     -------------------------------

     For purposes of this Plan, a Change in Control shall mean any of the
following events:

     (a) The acquisition in one or more transactions by any "Person" (as the
     term person is used for purposes of Section 13(d) or 14(d) of the
     Securities Exchange Act of 1934, as amended (the "1934 Act")) of
     "Beneficial Ownership" (within the meaning of Rule 13d-3 promulgated under
     the 1934 Act) of twenty percent (20%) or more of the combined voting power
     of the Company's then outstanding voting securities (the "Voting
     Securities"); provided, however, that for purposes of this Section 9.4, the
                   --------  -------
     Voting Securities acquired directly from the Company by any Person shall be
     excluded from the determination of such Person's Beneficial Ownership of
     Voting Securities (but such Voting Securities shall be included in the
     calculation of the total number of Voting Securities then outstanding); or

     (b) The individuals who are members of the Incumbent Board (as defined
     below)  cease for any reason to constitute at least two-thirds (2/3) of the
     Board.  The "Incumbent

                                       15
<PAGE>

     Board" shall include the individuals who as of August 20, 1990, are members
     of the Board and any individual becoming a director subsequent to August
     20, 1990, whose election, or nomination for election, by the Company
     stockholders was approved by a vote of at least two-thirds (2/3) of the
     directors then comprising the Incumbent Board; provided, however, that any
                                                    --------  -------
     individual who is not a member of the Incumbent Board at the time he or she
     becomes a member of the Board shall become a member of the Incumbent Board
     upon the completion of two (2) full years as a member of the Board;
     provided, further, however, that notwithstanding the foregoing, no
     --------  -------  -------
     individual shall be considered a member of the Incumbent Board if such
     individual initially assumed office (i) as a result of either an actual or
     threatened "election contest" (within the meaning of Rule 14a-11
     promulgated under the 1934 Act) or other actual or threatened solicitation
     of proxies or consents by or on behalf of a Person other than the Board (a
     "Proxy Contest") or (ii) with the approval of the other Board members, but
     by reason of any agreement intended to avoid or settle a Proxy Contest; or

     (c) Approval by stockholders of the Company of (i) a merger or
     consolidation involving the Company if the stockholders of the Company,
     immediately before such merger or consolidation, do not own, directly or
     indirectly, immediately following such merger or consolidation, more than
     eight percent (80%) of the combined voting power of the outstanding voting
     securities of the corporation resulting from such merger or consolidation
     in substantially the same proportion as their ownership of the Voting
     Securities immediately before such merger or consolidation or (ii) a
     complete liquidation or dissolution of the Company or an agreement for the
     sale or other disposition of all or substantially all of the assets of the
     Company.

     Notwithstanding the foregoing, a Change in Control shall not be deemed to
occur solely because twenty percent (20%) or more of the then outstanding Voting
Securities is acquired by (i) a trustee or other fiduciary holding securities
under one or more employee benefit plans maintained by the Company or any of its
subsidiaries or (ii) any corporation which, immediately prior to such
acquisition, is owned directly or indirectly by the stockholders of the Company
in the same proportion as their ownership of stock in the Company immediately
prior to such acquisition.

     Moreover, notwithstanding the foregoing, a Change in Control shall not be
deemed to occur solely because any Person (the "Subject Person") acquired
Beneficial Ownership of more than the permitted amount of the outstanding Voting
Securities as a result of the acquisition of Voting Securities by the Company,
which acquisition, by reducing the number of Voting Securities outstanding,
increases the proportional number of shares Beneficially Owned by the Subject
Person, provided that if a Change in Control would occur (but for the operation
        --------
of this sentence) as a result of such acquisition of Voting Securities by the
Company, and after such share acquisition of Voting Securities by the Company,
the Subject Person becomes the Beneficial Owner of any additional Voting
Securities, which increases the percentage of the then outstanding Voting
Securities Beneficially Owned by the Subject Person, then a Change in Control
shall be deemed to have occurred.

                                       16
<PAGE>

ARTICLE X - MISCELLANEOUS
-------------------------

10.1  Amendments and Modifications
      ----------------------------

      The Board of Directors of the Company may amend this Plan in any respect
at any time, except that the Board of Directors may not amend this Plan for the
two (2) year period commencing on the date of a Change in Control; provided
however, that shareholder approval is required for Plan amendments that require
shareholder approval under applicable rules of the New York Stock Exchange. In
addition, the Plan Committee may authorize the following types of amendments to
the Plan without Board approval: (a) amendments required by law; (b) amendments
that relate to the administration of the Plan and that do not materially
increase the cost of the Plan; and (c) amendments that are designed to resolve
possible ambiguities, inconsistencies or omissions in the Plan and that do not
materially increase the cost of the Plan. All authorized amendments shall be
effective upon ten (10) days' written notice to the Participants. If any such
amendment affects a Participant's Deferred Benefits, such affected Participant
may, within ninety (90) days after the effective date of such amendment, elect
to terminate his or her participation in the Plan pursuant to this Section 10.1,
in which event the date of such election shall be deemed to be such
Participant's Deferred Benefit Commencement Date.

10.2  Inurement
      ---------

      This Plan shall be binding upon and shall inure to the benefit of the
Company and each Participant hereto, and their respective beneficiaries, heirs,
executors, administrators, successors and assigns.

10.3  Governing Law
      -------------

      This Plan is made in accordance with and shall be governed in all respects
by the laws of the state of Georgia.

10.4  Tax Withholding
      ---------------

      All payments (and issuances of shares) made pursuant to this Plan shall be
subject to the withholding of state and federal income taxes, FICA tax or other
taxes to the extent required by applicable law.  The Plan Committee shall,
before delivery of a cash payment or a stock certificate, require the
Participant to make arrangements satisfactory to the Plan Committee to satisfy
such withholding requirements.  A Participant receiving shares of Scientific-
Atlanta Common Stock may elect to satisfy such withholding requirements by
having the Plan Committee withhold shares otherwise issuable to the Participant,
with the Participant's election being made by delivering to the Plan Committee a
written election stating his or her desire to so satisfy such withholding
requirements.

                                       17
<PAGE>

10.5  Fractional Shares
      -----------------

      No fractional shares will be issued under this Plan. Except to the extent
that the provision for fractional shares is expressly set forth in this Plan,
the Plan Committee shall determine the manner for treating fractional shares.

10.6  Antidilution
      ------------

      If a reorganization, recapitalization, stock split, stock dividend,
combination of shares, merger, consolidation, rights offering, or any other
change in the corporate structure of the Company or the shares of Scientific-
Atlanta Common Stock occurs, then the aggregate number of shares reserved under
this Plan and all other share (or share equivalent) numbers set forth in or
calculated under this Plan shall be equitably adjusted by the Plan Committee.

10.7  Delivery of Shares
      ------------------

      The obligation of the Company to issue shares under this Plan shall be
subject to all applicable laws, rules and regulations, including all applicable
federal and state securities laws, and the obtaining of all such approvals by
governmental agencies as may be deemed necessary or appropriate by the Plan
Committee.

10.8  Securities Act Requirements
      ---------------------------

      No certificates for shares shall be delivered pursuant to this Plan if the
delivery would, in the opinion of counsel for the Company, violate the
Securities Act of 1933, as amended (the "Securities Act") or any other Federal
or state statutes having similar requirements as may be in effect at that time.
As a condition of the issuance of any shares under this Plan, the Plan Committee
may require the recipient to furnish a written representation that he or she is
acquiring the shares for investment and not with a view to distribution to the
public.  In the event that the disposition of shares acquired pursuant to the
Plan is not covered by a then current registration statement under the
Securities Act and is not otherwise exempt from such registration, such shares
shall be restricted against transfer to the extent required by the Securities
Act and Rule 144 of the Securities Act or the regulations hereunder.

10.9  Listing and Regulatory Requirements
      -----------------------------------

      If at any time the Plan Committee shall determine, in its discretion, that
the listing, registration or qualification of the shares to be delivered
pursuant to this Plan is required by any securities exchange or under any
applicable law or the rule of any regulatory body, or is necessary or desirable
as a condition of, or in connection with, the issuance of shares thereunder,
such shares may not be issued unless and until such listing, qualification,
consent or approval shall have been effected or obtained free of any conditions
not acceptable to the Plan Committee.

                                       18
<PAGE>

10.10 Section 16
      ----------

      The transactions under this Plan are intended to comply with all
applicable conditions of Rule 16b-3 or its successors under the Securities
Exchange Act of 1934, as amended. To the extent any provision under the Plan or
action by the Plan Committee fails to so comply, it shall be deemed null and
void to the extent permitted by law and deemed advisable by the Plan Committee.

      To record the adoption of the Plan (as amended and restated) by the Plan
Committee on July 1, 2001, the Company has caused its authorized officers to
execute this Plan.

                                    SCIENTIFIC-ATLANTA, INC.

                                    By:    /s/ Brian C. Koenig
                                           -------------------------------
                                    Name:  Brian C. Koenig
                                    Title: Senior Vice President - Human
                                           Resources

                                    By:    /s/ William E. Eason, Jr.
                                           -------------------------------
                                    Name:  William E. Eason, Jr.
                                    Title: Senior Vice President, General
                                           Counsel and Corporate Secretary

                                       19

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