Document:

EX-10.3

Execution Copy

MEMORANDUM

	 	 	 
	TO:

	 	Dean J. Douglas
	 
	 	 
	FROM:

	 	Stock Plan Administration
	 
	 	 
	DATE:

	 	October 4, 2005
	 
	 	 
	SUBJECT:

	 	Stock Option Grant

Pursuant to the terms of the Amended and Restated Equity Incentive Plan (the “Plan”) of LCC
International, Inc. (the “Company”), you have been granted options to purchase five hundred
thousand (500,000) shares of the Company’s Class “A” Common Stock. Your options were granted by
the Board of Directors on October 4, 2005 (the “Grant Date”), and the exercise price is
$2.491 per share, the fair market value of the underlying Class “A” Common Stock on the Grant Date.

Your options are subject to the Plan and Stock Option Agreement Terms and Conditions (the
“Option Terms and Conditions”) adopted by the Board. The Option Terms and Conditions are
attached hereto and the Plan Prospectus and the Plan are available on the intranet at
link.lcc.com, and the terms of both the Plan and the Option Terms and Conditions are incorporated
by reference herein.

Your options vest as follows:

	 	 	 	 	 
	Percentage Vesting

	 	20 Day Average Closing Price Per Share

	 

	 	 	 	 
	 
	 	 	 	 
	First 25%

	 	$	4.00	 
	 

	 	 	 	 
	 
	 	 	 	 
	Next 25%

	 	$	5.75	 
	 

	 	 	 	 
	 
	 	 	 	 
	Next 25%

	 	$	7.25	 
	 

	 	 	 	 
	 
	 	 	 	 
	Final 25%

	 	$	9.00	 
	 

	 	 	 	 

Your options will vest in pro rata increments based on the 20 day average closing price per share
within the share price bands, provided that in no event (other than as set forth in clauses (a),
(c) and (d) below) shall options held by you vest with respect to more than one third
(1/3rd) of the shares of Class “A” Common Stock subject to this grant in any single
calendar year. To the extent that, solely as a result of the proviso of the foregoing sentence,
options with respect a number of shares do not vest in a particular calendar year, such options
shall vest on January 1 of the immediately following calendar year. Price per share will be
adjusted for stock splits.

Your options will terminate automatically and without notice (i) if you do not commence service
with the Company as an employee within ninety (90) of the Grant Date, (ii) if your employment is
terminated by the Company for Cause (as defined in your employment agreement with the Company dated
the date hereof, as amended from time to time (the “Employment Agreement”)), or (iii) thirty (30)
days after you no longer are serving as an employee or a director of the Company, except as
follows:

(a) If your employment is terminated by reason of your death or Disability (as defined in the
Plan), your options shall become 100% vested on the date of such termination and shall remain
exercisable for a period of twelve (12) months following your termination date.

(b) other than in connection with a Change in Control (as defined in the Non-Incentive Stock
Option Terms and Conditions) as set forth in subsections (c) and (d) below, if your employment is
terminated by the Company other than for Cause or by you for Good Reason (as defined in the
Employment Agreement), your options will remain exercisable with respect to the vested portion of
the options as of the date of your termination for a period of eighteen (18) months.

(c) in the event of Change in Control within eighteen (18) months following the grant date,
and your options have not otherwise become vested to a greater extent, your options shall become
vested as to 50% of the total amount thereof.

(d) if your employment is terminated, within three (3) months prior to or within eighteen (18)
months after a Change in Control, by the Company other than for Cause or by you for Good Reason,
your options shall become 100% vested on the date of such termination and shall remain exercisable
for a period of twenty-four (24) months following your termination date.

You have the right to accept or decline the options granted to you. Please indicate your decision
by checking the ACCEPT or DECLINE box below, and sign and return this form within 30 days to “Stock
Plan Administration” at the Company’s corporate headquarters in McLean. Your acceptance means that
you acknowledge having reviewed, and that you agree to be bound by, the terms of the Plan, the
Option Terms and Conditions and this letter.

ACCEPT X

DECLINE

In addition to the foregoing, the Company hereby requests that you consent to delivery to you of
all prospectuses and other documents required to be delivered to you by the Company in connection
with the Plan and any options granted to you under the Plan

(whether in the past, at present or in the future) under applicable securities laws by posting such
prospectuses and other documents on the Company Intranet under Investor Relations/Option Plans.
You may revoke this consent at any time by notifying the Company in writing. The Company still has
the right to deliver such prospectuses or other documents to you in any other manner permitted
under applicable law. Moreover, you may obtain a paper copy of such prospectuses or other
documents by contacting the Company’s Human Resources Department. Please indicate your
decision by checking the CONSENT or DO NOT CONSENT box below.

CONSENT X

DO NOT CONSENT      

If you have any questions regarding the foregoing, please contact LCC Stock Administration
representative Brady Kavulic at 703.873.2691.

Director/Optionee:

Dean J. Douglas     

Print Name

	 	 	 
	/s/ Dean J. Douglas     

	 	October 4, 2005     
	 

	 	 
	Signature

	 	Date

Address:

108 Village SQ #407     

Somers, NY 10589     

     

1

LCC INTERNATIONAL, INC.

AMENDED AND RESTATED EQUITY INCENTIVE PLAN

NON-INCENTIVE STOCK OPTION AGREEMENT

TERMS AND CONDITIONS

October 4, 2005

	 	 	 
	Grant of Option

	 	Subject to the terms of the Plan,

the Company hereby grants to you

the right and option (the

“Option”) to purchase from the

Company, on the terms and subject

to the conditions set forth in

the Plan and in this Stock Option

Agreement, the number of shares

of Stock set forth in the Grant

Letter. This Option shall not

constitute an incentive stock

option within the meaning of

Section 422 of the Internal

Revenue Code of 1986, as amended

(the “Code”). The date of grant

of this Option is the date set

forth as the Date of Grant in the

Grant Letter, and is the date on

which the grant of the Option was

approved by the Compensation and

Stock Option Committee of the

Board of Directors of the Company

(the “Committee”).
	 
	 	 
	Terms of Plan

	 	The Option granted pursuant to

this Stock Option Agreement is

granted subject to the terms and

conditions set forth in the Plan.

All terms and conditions of the

Plan are hereby incorporated into

this Stock Option Agreement by

reference and shall be deemed to

be part of this Stock Option

Agreement, without regard to

whether such terms and conditions

are not otherwise set forth in

this Stock Option Agreement. To

the extent any capitalized words

used in this Stock Option

Agreement are not defined, they

shall have the definitions stated

for them in the Plan. In the

event that there is any

inconsistency between the

provisions of this Stock Option

Agreement and of the Plan, the

provisions of the Plan shall

govern.
	 
	 	 
	Vesting

	 	Your Option grant shall vest

based on the vesting schedule set

forth in your Grant Letter;

provided, that, you remain in

Service on the relevant vesting

dates. If your Service

terminates for any reason other

than a circumstance in which you

vest pursuant to the terms of

your Grant Letter, your will

forfeit all Options in which you

have not yet become vested.
	 
	 	 
	Option Price

	 	The purchase price (the “Option

Price”) for each share subject to

the Option is the exercise price

set forth in the Grant Letter.
	 
	 	 
	Term

	 	The Option shall terminate and

all rights to purchase the shares

thereunder shall cease upon the

expiration of ten years after the

Grant Date, unless terminated

earlier pursuant to another

provision of this Stock Option

Agreement.
	 
	 	 
	Option Period

	 	You may exercise the Option

(subject to the limitations on

exercise set forth in this Stock

Option Agreement and in the

Plan), to the extent the Option

is vested and has not terminated.

Any limitation on the exercise

of an Option may be rescinded,

modified or waived by the

Committee, in its sole

discretion, at any time and from

time to time after the Grant Date

of the Option, so as to

accelerate the time at which the

Option may be exercised.
	 
	 	 
	Limitation on Exercise of Options

	 	Notwithstanding the foregoing

Sections, in no event may the

Option be exercised: (i) in whole

or in part, after ten years

following the Grant Date, (ii)

following termination of

employment or other relationship

for Cause (as defined in the

Plan), or (iii) following

termination of employment or

other relationship except as

provided in the Grant Letter and

this Stock Option Agreement.
	 
	 	 
	Method of Exercise

	 	The Option may be exercised to

the extent that shares have

become exercisable hereunder by

delivery to the Company on any

business day, at its principal

office addressed to the attention

of the Committee, of written

notice of exercise, which notice

shall specify the number of

shares for which the Option is

being exercised, and shall be

accompanied by payment in full of

the Option Price of the shares

for which the Option is being

exercised. Payment of the Option

Price for the shares of Stock

purchased pursuant to the

exercise of the Option shall be

made: (i) in cash or by

certified check payable to the

order of the Company; (ii)

through the tender to the Company

of shares of Stock, which shares

shall be valued, for purposes of

determining the extent to which

the Option Price has been paid

thereby, at their Fair Market

Value on the date of exercise; or

(iii) by a combination of the

methods described above. Payment

in full of the Option Price need

not accompany the written notice

of exercise provided the notice

directs that the Stock

certificate or certificates for

the shares for which the Option

is exercised be delivered to a

licensed broker acceptable to the

Company as the agent for the

individual exercising the Option

and, at the time such Stock

certificate or certificates are

delivered, the broker tenders to

the Company cash (or cash

equivalents acceptable to the

Company) equal to the Option

Price plus the amount (if any) of

federal and/or other taxes which

the Company may, in its judgment,

be required to withhold with

respect to the exercise of the

Option. An attempt to exercise
	 
	 	 
	any Option granted hereunder

	 	

other than as set forth above

shall be invalid and of no force

and effect. Promptly after the

exercise of an Option and the

payment in full of the Option

Price of the shares of Stock

covered thereby, you shall be

entitled to the issuance of a

Stock certificate or certificates

evidencing such individual’s

ownership of such shares. An

individual holding or exercising

the Option shall have none of the

rights of a stockholder until the

shares of Stock covered thereby

are fully paid and issued to such

individual and, except as

provided in this Stock Option

Agreement or the Plan, no

adjustment shall be made for

dividends or other rights for

which the record date is prior to

the date of such issuance.
	 
	 	 
	Transferability

	 	During your lifetime, only you

(or, in the event of your legal

incapacity or incompetency, your

guardian or legal representative)

may exercise the Option. You may

not transfer or assign this

Option. For instance, you may

not sell this Option or use it as

security for a loan. If you

attempt to do any of these

things, this Option will

immediately become invalid. You

may, however, dispose of this

Option in your will or this

Option may be transferred upon

your death by the laws of descent

and distribution. In addition,

you may transfer this Option in

accordance with Section 8.10 of

the Plan subject to the terms and

conditions contained in this

Agreement (including the vesting

conditions) by gift to one or

more or your Family Members or to

any other entity referred to in

Section 8.10 in which Family

Members (or you) own more than

50% of the voting interests.

Except to the extent you have

transferred your Option to a

Family Member or an entity

controlled by you or Family

Members in accordance with the

preceding paragraph, regardless

of any marital property

settlement agreement, the Company

is not obligated to honor a

notice of exercise from your

spouse, nor is the Company

obligated to recognize your

spouse’s interest in your Option

in any other way.
	 
	 	 
	Requirements of Law

	 	The Company shall not be required

to sell or issue any securities

under the Option if the sale or

issuance of such securities would

constitute a violation by you,

the individual exercising the

Option, or the Company of any

provisions of any law or

regulation of any governmental

authority, including without

limitation any federal or state

securities laws or regulations.

If at any time the Company shall

determine, in its discretion,

that the listing, registration or

qualification of any securities

subject to the Option upon any

securities exchange or under any

governmental regulatory body is

necessary or desirable as a

condition of, or in connection

with, the issuance or purchase of

securities hereunder, the Option

may not be exercised in whole or

in part unless such listing,

registration, qualification,

consent or approval shall have

been effected or obtained free of

any conditions not acceptable to

the Company, and any delay caused

thereby shall in no way affect

the date of termination of the

Option. Specifically in

connection with the Securties Act

of 1933, as amended (the “1933

Act”), upon the exercise of the

Option, unless a registration

statement under such act is in

effect with respect to the

securities covered by the Option,

the Company shall not be required

to sell or issue such securities

unless the Committee has received

evidence satisfactory to it that

the holder of such Option may

acquire such securities pursuant

to an exemption from registration

under such act. Any

determination in this connection

by the Committee shall be final,

binding, and conclusive. The

Company may, but shall in no
	 
	 	 
	event be obliga

	 	ted to, register

any securities covered hereby

pursuant to the 1933 Act. The

Company shall not be obligated to

take any affirmative action in

order to cause the exercise of

the Option or the issuance of

securities pursuant thereto to

comply with any law or regulation

of any governmental authority.

As to any jurisdiction that

expressly imposes the requirement

that the Option shall not be

exercisable until the securities

covered by such Option are

registered or are exempt from

registration, the exercise of

such Option (under circumstances

in which the laws of such

jurisdiction apply) shall be

deemed conditioned upon the

effectiveness of such

registration or the availability

of such an exemption
	 
	 	 
	Withholding Taxes

	 	You agree, as a condition of this

grant, that you will make

acceptable arrangements to pay

any withholding or other taxes

that may be due as a result of

the exercise of your Option or

your acquisition of Stock under

this grant. In the event that

the Company determines that any

federal, state, local or foreign

tax or withholding payment is

required relating to this grant,

the Company will have the right

to: (i) require that you arrange

such payments to the Company,

(ii) withhold such amounts from

other payments due to you from

the Company or any Affiliate, or

(iii) withhold such amounts from

shares of Stock to be transferred

under this Stock Option Agreement

in an amount equal to the

withholding or other taxes due.
	 
	 	 
	Retention Rights

	 	This Agreement does not give you

the right to be retained or

employed by the Company (or any

Affiliates) in any capacity.
	 
	 	 
	Shareholder Rights

	 	You do not have any of the rights

of a shareholder with respect to

the shares of Stock subject to

this grant unless and until the

Stock relating to the Option has

been delivered to you.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a

stock dividend or a similar

change in the Company stock, the

number of shares covered by this

grant will be adjusted (and

rounded down to the nearest whole

number) in accordance with the

terms of the Plan.
	 
	 	 
	Applicable Law

	 	This Agreement will be

interpreted and enforced under

the laws of the State of

Delaware, other than any

conflicts or choice of law rule

or principle that might otherwise

refer construction or

interpretation of this Agreement

to the substantive law of another

jurisdiction.
	 
	 	 
	Forfeiture of Rights

	 	The Company at any time shall

have the right to cause a

forfeiture of your rights under

this grant with respect to your

unexercised options (vested and

unvested) in the event you

violate Section 6 of the

Employment Agreement.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver

certain statutory materials

relating to the Plan in

electronic form. By accepting

this grant you agree that the

Company may deliver the Plan

prospectus and the Company’s

annual report to you in an

electronic format. If at any

time you would prefer to receive

paper copies of these documents,

as you are entitled to receive,

the Company would be pleased to

provide copies. Please contact

the Corporate Secretary to

request paper copies of these

documents.
	 
	 	 
	Change in Control

	 	Change in Control shall be deemed

to occur upon the consummation of

any of the following

transactions:
	
 
	 	1. the sale of all or

substantially all of the assets

of the Company to another person

or entity;

2. a merger, consolidation or

reorganization of the Company

with one or more other persons or

entities where the Company is not

the surviving entity unless all

or substantially all of the

individuals and entities who were

the beneficial owners,

respectively, of the combined

voting power of all classes of

stock of the Company, immediately

prior to such transaction

beneficially own, directly or

indirectly, more than 50% of the

combined voting power of all

class of stock of the entity

resulting from such transaction

(including, without limitation, a

corporation which as a result of

such transaction owns the Company

or all or substantially all of

the Company’s assets either

directly or through one or more

subsidiaries) in substantially

the same proportions as their

ownership, immediately prior to

such transaction; or

3. a merger, acquisition or

other transaction in which the

Company is the surviving

corporation that results in any

person or entity (other than

persons who are holders of 5% or

more of the stock of the Company

at the time the transaction is

approved by the shareholders and

other than any Affiliate)

acquiring beneficial ownership of

more than 50% of the combined

voting power of all classes of

stock of the Company, excluding

any change in voting control

arising as a result of the

conversion of Class “B” common

stock of the Company to Class “A”
	 
	 	 
	common stock of the C

	 	ompany or

any distribution by RF Investors,

L.L.C. to any of its direct or

indirect owners, investors or

their respective affiliates

(within the meaning of Rule 405

of Regulation C under the 1933

Act).
	 
	 	 
	The Plan

	 	The text of the Plan is

incorporated in this Agreement by

reference. This Agreement and

the Plan constitute the entire

understanding between you and the

Company regarding this grant of

Stock Options. Any prior

agreements, commitments or

negotiations concerning this

grant are superseded. The Plan

will control in the event any

provision of this Agreement

should appear to be inconsistent

with the terms of the Plan.

Notwithstanding the foregoing,

for purposes of this Agreement,

the definition of Change in

Control provided in this

Agreement shall control

regardless of any definition of

Change in Control in the Plan and

Section 15 of the Plan shall not

apply.

By accepting a grant of Options, you agree to all of the terms and conditions described in the
Non-Incentive Stock Option Agreement Terms and Conditions and in the Plan. You acknowledge that
you have carefully reviewed the Plan and agree that, except as provided above in the last sentence
under the heading entitled “The Plan,” the Plan will control in the event any provision of the
Non-Incentive Stock Option Agreement Terms and Conditions should appear to be inconsistent with the
terms of the Plan.

2EX-10.4

Execution Copy

MEMORANDUM

	 	 	 
	TO:

	 	Dean J. Douglas
	 
	 	 
	FROM:

	 	Stock Plan Administration
	 
	 	 
	DATE:

	 	October 4, 2005
	 
	 	 
	SUBJECT:

	 	Non-Plan Stock Option Grant

You have been granted options to purchase five hundred thousand (500,000) shares of the Company’s
Class “A” Common Stock. Your options were granted by the Board of Directors on October 4, 2005
(the “Grant Date”), and the exercise price is $2.491 per share, the fair market value of
the underlying Class “A” Common Stock on the Grant Date.

Your options are subject to the Stock Option Agreement Terms and Conditions (the “Option Terms
and Conditions”) adopted by the Board and attached hereto.

Your options vest as follows:

	 	 	 	 	 
	Percentage Vesting

	 	20 Day Average Closing Price Per Share

	 

	 	 	 	 
	 
	 	 	 	 
	First 25%

	 	$	4.00	 
	 

	 	 	 	 
	 
	 	 	 	 
	Next 25%

	 	$	5.75	 
	 

	 	 	 	 
	 
	 	 	 	 
	Next 25%

	 	$	7.25	 
	 

	 	 	 	 
	 
	 	 	 	 
	Final 25%

	 	$	9.00	 
	 

	 	 	 	 

Your options will vest in pro rata increments based on the 20 day average closing price per share
within the share price bands, provided that in no event (other than as set forth in clauses (a),
(c) and (d) below) shall options held by you vest with respect to more than one third
(1/3rd) of the shares of Class “A” Common Stock subject to this grant in any single
calendar year. To the extent that, solely as a result of the proviso of the foregoing sentence,
options with respect a number of shares do not vest in a particular calendar year, such options
shall vest on January 1 of the immediately following calendar year. Price per share will be
adjusted for stock splits.

Your options will terminate automatically and without notice (i) if you do not commence service
with the Company as an employee within ninety (90) of the Grant Date, (ii) if your employment is
terminated by the Company for Cause (as defined in your employment agreement with the Company dated
the date hereof, as amended from time to time (the “Employment Agreement”)), or (iii) thirty (30)
days after you are no longer serving as an employee or a director of the Company, except as
follows:

(a) If your employment is terminated by reason of your death or Disability (as defined in the
Employment Agreement), your options shall become 100% vested on the date of such termination and
shall remain exercisable for a period of twelve (12) months following your termination date.

(b) other than in connection with a Change in Control (as defined in the Non-Incentive Stock
Option Terms and Conditions) as set forth in subsections (c) and (d) below, if your employment is
terminated by the Company other than for Cause or by you for Good Reason (as defined in the
Employment Agreement), your options will remain exercisable with respect to the vested portion of
the options as of the date of your termination for a period of eighteen (18) months.

(c) in the event of Change in Control within eighteen (18) months following the grant date,
and your options have not otherwise become vested to a greater extent, your options shall become
vested as to 50% of the total amount thereof.

(d) if your employment is terminated, within three (3) months prior to or within eighteen (18)
months after a Change in Control, by the Company other than for Cause or by you for Good Reason,
your options shall become 100% vested on the date of such termination and shall remain exercisable
for a period of twenty-four (24) months following your termination date.

You have the right to accept or decline the options granted to you. Please indicate your decision
by checking the ACCEPT or DECLINE box below, and sign and return this form within 30 days to “Stock
Plan Administration” at the Company’s corporate headquarters in McLean. Your acceptance means that
you acknowledge having reviewed, and that you agree to be bound by the Option Terms and Conditions
and this letter.

ACCEPT X

DECLINE

In addition to the foregoing, the Company hereby requests that you consent to delivery to you of
all prospectuses and other documents required to be delivered to you by the Company under
applicable securities laws by posting such prospectuses and other documents on the Company Intranet
under Investor Relations/Option Plans. You may revoke this consent at any time by notifying the
Company in writing. The Company still has the right to deliver such prospectuses or other documents
to you in any other manner permitted under applicable law. Moreover, you may obtain a paper copy
of such prospectuses or other documents by contacting the Company’s Human Resources Department.
Please indicate your decision by checking the CONSENT or DO NOT CONSENT box below.

CONSENT X

DO NOT CONSENT      

If you have any questions regarding the foregoing, please contact LCC Stock Administration
representative Brady Kavulic at 703.873.2691.

Director/Optionee:

Dean J. Douglas     

Print Name

	 	 	 
	/s/ Dean J. Douglas     

	 	October 4, 2005     
	 

	 	 
	Signature

	 	Date

Address:

108 Village SQ #407     

Somers, NY 10589     

     

1

LCC INTERNATIONAL, INC.

NON-PLAN

NON-INCENTIVE STOCK OPTION AGREEMENT

TERMS AND CONDITIONS

October 4, 2005

	 	 	 
	Grant of Option

	 	The Company hereby grants to you the right and

option (the “Option”) to purchase from the Company,

on the terms and subject to the conditions set forth

in this Stock Option Agreement, the number of shares

of Stock set forth in the Grant Letter. This Option

shall not constitute an incentive stock option

within the meaning of Section 422 of the Internal

Revenue Code of 1986, as amended (the “Code”). The

date of grant of this Option is the date set forth

as the Date of Grant in the Grant Letter, and is the

date on which the grant of the Option was approved

by the Compensation and Stock Option Committee of

the Board of Directors of the Company (the

“Committee”).
	 
	 	 
	Vesting

	 	Your Option grant shall vest based on the vesting

schedule set forth in your Grant Letter; provided,

that, you remain in Service on the relevant vesting

dates. If your Service terminates for any reason

other than a circumstance in which you vest

pursuant to the terms of your Grant Letter, your

will forfeit all Options in which you have not yet

become vested.
	 
	 	 
	Option Price

	 	The purchase price (the “Option Price”) for each

share subject to the Option is the exercise price

set forth in the Grant Letter.
	 
	 	 
	Term

	 	The Option shall terminate and all rights to

purchase the shares thereunder shall cease upon the

expiration of ten years after the Grant Date, unless

terminated earlier pursuant to another provision of

this Stock Option Agreement.
	 
	 	 
	Option Period

	 	You may exercise the Option (subject to the

limitations on exercise set forth in this Stock

Option Agreement), to the extent the Option is

vested and has not terminated. Any limitation on

the exercise of an Option may be rescinded, modified

or waived by the Committee, in its sole discretion,

at any time and from time to time after the Grant

Date of the Option, so as to accelerate the time at

which the Option may be exercised.
	 
	 	 

2

	 	 	 
	Limitation on Exercise of Options

	 	Notwithstanding the foregoing

Sections, in no event may the

Option be exercised: (i) in whole

or in part, after ten years

following the Grant Date, (ii)

following termination of

employment or other relationship

for Cause (as defined in your

Employment Agreement), or (iii)

following termination of

employment or other relationship

except as provided in the Grant

Letter and this Stock Option

Agreement.
	 
	 	 
	Method of Exercise

	 	The Option may be exercised to

the extent that shares have

become exercisable hereunder by

delivery to the Company on any

business day, at its principal

office addressed to the attention

of the Committee, of written

notice of exercise, which notice

shall specify the number of

shares for which the Option is

being exercised, and shall be

accompanied by payment in full of

the Option Price of the shares

for which the Option is being

exercised. Payment of the Option

Price for the shares of Stock

purchased pursuant to the

exercise of the Option shall be

made: (i) in cash or by

certified check payable to the

order of the Company; (ii)

through the tender to the Company

of shares of Stock, which shares

shall be valued, for purposes of

determining the extent to which

the Option Price has been paid

thereby, at their Fair Market

Value on the date of exercise; or

(iii) by a combination of the

methods described above. Payment

in full of the Option Price need

not accompany the written notice

of exercise provided the notice

directs that the Stock

certificate or certificates for

the shares for which the Option

is exercised be delivered to a

licensed broker acceptable to the

Company as the agent for the

individual exercising the Option

and, at the time such Stock

certificate or certificates are

delivered, the broker tenders to

the Company cash (or cash

equivalents acceptable to the

Company) equal to the Option

Price plus the amount (if any) of

federal and/or other taxes which

the Company may, in its judgment,

be required to withhold with

respect to the exercise of the

Option. An attempt to exercise
	 
	 	 
	any Option granted hereunder

	 	

other than as set forth above

shall be invalid and of no force

and effect. Promptly after the

exercise of an Option and the

payment in full of the Option

Price of the shares of Stock

covered thereby, you shall be

entitled to the issuance of a

Stock certificate or certificates

evidencing such individual’s

ownership of such shares. An

individual holding or exercising

the Option shall have none of the

rights of a stockholder until the

shares of Stock covered thereby

are fully paid and issued to such

individual and, except as

provided in this Stock Option

Agreement, no adjustment shall be

made for dividends or other

rights for which the record date

is prior to the date of such

issuance.
	 
	 	 
	Transferability

	 	During your lifetime, only you

(or, in the event of your legal

incapacity or incompetency, your

guardian or legal representative)

may exercise the Option. You may

not transfer or assign this

Option. For instance, you may

not sell this Option or use it as

security for a loan. If you

attempt to do any of these

things, this Option will

immediately become invalid. You

may, however, dispose of this

Option in your will or this

Option may be transferred upon

your death by the laws of descent

and distribution. In addition,

you may transfer this Option

subject to the terms and

conditions contained in this

Agreement (including the vesting

conditions) by gift to one or

more or your Family Members or to

any other entity referred to in

Section 8.10 of the LCC

International, Inc. Amended and

Restated Equity Incentive Plan in

which Family Members (or you) own

more than 50% of the voting

interests.

Except to the extent you have

transferred your Option to a

Family Member or an entity

controlled by you or Family

Members in accordance with the

preceding paragraph, regardless

of any marital property

settlement agreement, the Company

is not obligated to honor a

notice of exercise from your

spouse, nor is the Company

obligated to recognize your

spouse’s interest in your Option

in any other way.
	 
	 	 
	Requirements of Law

	 	The Company shall not be required

to sell or issue any securities

under the Option if the sale or

issuance of such securities would

constitute a violation by you,

the individual exercising the

Option, or the Company of any

provisions of any law or

regulation of any governmental

authority, including without

limitation any federal or state

securities laws or regulations.

If at any time the Company shall

determine, in its discretion,

that the listing, registration or

qualification of any securities

subject to the Option upon any

securities exchange or under any

governmental regulatory body is

necessary or desirable as a

condition of, or in connection

with, the issuance or purchase of

securities hereunder, the Option

may not be exercised in whole or

in part unless such listing,

registration, qualification,

consent or approval shall have

been effected or obtained free of

any conditions not acceptable to

the Company, and any delay caused

thereby shall in no way affect

the date of termination of the

Option. Specifically in

connection with the Securities

Act of 1933, as amended (the

“1933 Act”), upon the exercise of

the Option, unless a registration

statement under such act is in

effect with respect to the

securities covered by the Option,

the Company shall not be required

to sell or issue such securities

unless the Committee has received

evidence satisfactory to it that

the holder of such Option may

acquire such securities pursuant

to an exemption from registration

under such act. Any

determination in this connection

by the Committee shall be final,

binding, and conclusive. The

Company may, but shall in no
	 
	 	 
	event be oblig

	 	ated to, register

any securities covered hereby

pursuant to the 1933 Act. The

Company shall not be obligated to

take any affirmative action in

order to cause the exercise of

the Option or the issuance of

securities pursuant thereto to

comply with any law or regulation

of any governmental authority.

As to any jurisdiction that

expressly imposes the requirement

that the Option shall not be

exercisable until the securities

covered by such Option are

registered or are exempt from

registration, the exercise of

such Option (under circumstances

in which the laws of such

jurisdiction apply) shall be

deemed conditioned upon the

effectiveness of such

registration or the availability

of such an exemption.

The Company will file and

maintain a registration statement

on Form S-8 for the shares

subject to this grant from a date

that is prior to the date the

Option first becomes exercisable

until the Option is fully

exercised or otherwise

terminates.
	 
	 	 
	Withholding Taxes

	 	You agree, as a condition of this

grant, that you will make

acceptable arrangements to pay

any withholding or other taxes

that may be due as a result of

the exercise of your Option or

your acquisition of Stock under

this grant. In the event that

the Company determines that any

federal, state, local or foreign

tax or withholding payment is

required relating to this grant,

the Company will have the right

to: (i) require that you arrange

such payments to the Company,

(ii) withhold such amounts from

other payments due to you from

the Company or any Affiliate, or

(iii) withhold such amounts from

shares of Stock to be transferred

under this Stock Option Agreement

in an amount equal to the

withholding or other taxes due.
	 
	 	 
	Retention Rights

	 	This Agreement does not give you

the right to be retained or

employed by the Company (or any

Affiliates) in any capacity.
	 
	 	 
	Shareholder Rights

	 	You do not have any of the rights

of a shareholder with respect to

the shares of Stock subject to

this grant unless and until the

Stock relating to the Option has

been delivered to you.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a

stock dividend or a similar

change in the Company stock, the

number of shares covered by this

grant will be adjusted (and

rounded down to the nearest whole

number).
	 
	 	 
	Applicable Law

	 	This Agreement will be

interpreted and enforced under

the laws of the State of

Delaware, other than any

conflicts or choice of law rule

or principle that might otherwise

refer construction or

interpretation of this Agreement

to the substantive law of another

jurisdiction.
	 
	 	 
	Forfeiture of Rights

	 	The Company at any time shall

have the right to cause a

forfeiture of your rights under

this grant with respect to your

unexercised options (vested and

unvested) in the event you

violate Section 6 of the

Employment Agreement.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver

certain statutory materials

relating to this grant in

electronic form. By accepting

this grant you agree that the

Company may deliver a prospectus

and the Company’s annual report

to you in an electronic format.

If at any time you would prefer

to receive paper copies of these

documents, as you are entitled to

receive, the Company would be

pleased to provide copies.

Please contact the Corporate

Secretary to request paper copies

of these documents.
	 
	 	 
	Change in Control

	 	Change in Control shall be deemed

to occur upon the consummation of

any of the following

transactions:
	
 
	 	1. the sale of all or

substantially all of the assets

of the Company to another person

or entity;

2. a merger, consolidation or

reorganization of the Company

with one or more other persons or

entities where the Company is not

the surviving entity unless all

or substantially all of the

individuals and entities who were

the beneficial owners,

respectively, of the combined

voting power of all classes of

stock of the Company, immediately

prior to such transaction

beneficially own, directly or

indirectly, more than 50% of the

combined voting power of all

class of stock of the entity

resulting from such transaction

(including, without limitation, a

corporation which as a result of

such transaction owns the Company

or all or substantially all of

the Company’s assets either

directly or through one or more

subsidiaries) in substantially

the same proportions as their

ownership, immediately prior to

such transaction; or

3. a merger, acquisition or

other transaction in which the

Company is the surviving

corporation that results in any

person or entity (other than

persons who are holders of 5% or

more of the stock of the Company

at the time the transaction is

approved by the shareholders and

other than any Affiliate)

acquiring beneficial ownership of

more than 50% of the combined

voting power of all classes of

stock of the Company, excluding

any change in voting control

arising as a result of the

conversion of Class “B” common

stock of the Company to Class “A”
	 
	 	 
	common stock of the C

	 	ompany or

any distribution by RF Investors,

L.L.C. to any of its direct or

indirect owners, investors or

their respective affiliates

(within the meaning of Rule 405

of Regulation C under the 1933

Act).

By accepting a grant of Options, you agree to all of the terms and conditions described in the
Non-Incentive Stock Option Agreement Terms and Conditions.

3

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