Document:

EXHIBIT 4.1

As Amended and Restated

through May 10, 2018

 

CYBEROPTICS
CORPORATION

1992 EMPLOYEE STOCK PURCHASE PLAN

 

ARTICLE
I.

INTRODUCTION

 

Section 1.01      Purpose.
The purpose of the CYBEROPTICS CORPORATION 1992 EMPLOYEE STOCK PURCHASE PLAN (the “Plan”) is to provide employees
of CYBEROPTICS CORPORATION, a Minnesota corporation (the “Company”), and certain related corporations with
an opportunity to share in the ownership of the Company by providing them with a convenient means for regular and systematic purchases
of the Company’s Common Shares, without par value, and, thus, to develop a stronger incentive to work for the continued
success of the Company.

 

Section 1.02      Rules
of Interpretation. It is intended that the Plan be an “employee stock purchase plan” as defined in Section 423(b)
of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulations promulgated thereunder. Accordingly,
the Plan shall be interpreted and administered in a manner consistent therewith if so approved. All Participants in the Plan will
have the same rights and privileges consistent with the provisions of the Plan.

 

Section 1.03      Definitions.
For purposes of the Plan, the following terms will have the meanings set forth below:

 

(a)       “Acceleration
Date” means the earlier of the date of shareholder approval or approval by the Company’s Board of Directors of
(i) any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant
to which Company Common Shares would be converted into cash, securities or other property, other than a merger of the Company
in which shareholders of the Company immediately prior to the merger have the same proportionate share ownership in the surviving
corporation immediately after the merger; (ii) any sale, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all of the assets of the Company; or (iii) any plan of liquidation or dissolution of
the Company.

 

(b)       “Affiliate”
means any subsidiary corporation of the Company, as defined in Section 424(f) of the Code, whether now or hereafter acquired or
established.

 

(c)       “Committee”
means the committee described in Section 10.1.

 

(d)       “Company”
means CyberOptics Corporation, a Minnesota corporation, any subsidiary of the Company and any successors to the Company by merger
or consolidation as contemplated by Article XI herein.

 

     

     

    

 

(e)       “Current
Compensation” means all regular wage, salary and commission payments paid by the Company to a Participant in accordance
with the terms of his or her employment, but excluding bonus payments and all other forms of special compensation.

 

(f)       “Fair
Market Value” as of a given date means such value of the Common Shares as reasonably determined by the Committee in
a manner consistent with Section 423 of the Code.

 

(g)       “Participant”
means a Full-Time Employee who is eligible to participate in the Plan under Section 2.01 and who has elected to participate in
the Plan.

 

(h)       “Participating
Affiliate” means an Affiliate which has been designated by the Committee in advance of the Purchase Period in question
as a corporation whose eligible Full-Time Employees may participate in the Plan.

 

(i)       “Full-Time
Employee” means an employee of the Company or a Participating Affiliate as of the first day of a Purchase Period, including
an officer or director who is also an employee, but excluding employees (I) whose customary employment is less than 20 hours
per week, (II) who have not yet completed six months of employment, or (III) whose customary employment is not more
than 5 months in a calendar year.

 

(j)       “Plan”
means the CyberOptics Corporation 1992 Employee Stock Purchase Plan, as amended, the provisions of which are set forth herein.

 

(k)       “Purchase
Period” means each of the 12-month periods beginning on the first business day in August of each year and ending on
the last business day in the following July, respectively.

 

(l)       “Common
Shares” means the Company’s Common Shares, without par value, as such Shares may be adjusted for changes in the
Shares or the Company as contemplated by Article XI herein.

 

(m)       “Share
Purchase Account” means the account maintained on the books and records of the Company recording the amount received
from each Participant through payroll deductions made under the Plan and from the Company through matching contributions.

 

ARTICLE
II.

ELIGIBILITY AND PARTICIPATION

 

Section 2.01      Eligible
Employees. All Full-Time Employees shall be eligible to participate in the Plan beginning on the first day of the first Purchase
Period to commence after such person becomes a Full-Time Employee. Subject to the provisions of Article VI, each such employee
will continue to be eligible to participate in the Plan so long as he or she remains a Full-Time Employee.

 

    2 

     

    

 

Section 2.02      Election
to Participate. An eligible Full-Time Employee may elect to participate in the Plan for a given Purchase Period by filing
with the Company, in advance of that Purchase Period and in accordance with such terms and conditions as the Committee in its
sole discretion may impose, a form provided by the Company for such purpose (which authorizes regular payroll deductions from
Current Compensation beginning with the first payday in that Purchase Period and continuing until the employee withdraws from
the Plan or ceases to be eligible to participate in the Plan).

 

Section 2.03      Limits
on Shares Purchased. No employee shall be granted any right to purchase Common Shares hereunder if such employee, immediately
after such a right to purchase is granted, would own, directly or indirectly, within the meaning of Section 423(b)(3) and Section
424(d) of the Code, Common Shares possessing 5% or more of the total combined voting power or value of all the classes of the
capital shares of the Company or of all Affiliates.

 

Section 2.04      Voluntary
Participation. Participation in the Plan on the part of a Participant is voluntary and such participation is not a condition
of employment nor does participation in the Plan entitle a Participant to be retained as an employee.

 

ARTICLE
III.

PAYROLL DEDUCTIONS, COMPANY

CONTRIBUTIONS AND SHARE PURCHASE ACCOUNT

 

Section 3.01      Deduction
from Pay. The form described in Section 2.02 will permit a Participant to elect payroll deductions of not less than 1% and
not more than 10% of such Participant’s Current Compensation for each pay period, subject to the limitation that no more
than $6,500 may be contributed to the Plan by any Participant in any purchase period and to such other limitations as the Committee
in its sole discretion may impose.

 

Section 3.02      Interest
and Company Contributions. The Company may, in the sole discretion of and subject to such limitations as the Committee may
impose, pay interest with respect to each Participant’s Share Purchase Account.

 

Section 3.03      Credit
to Account. Payroll deductions will be credited to the Participant’s Share Purchase Account on each payday.

 

Section 3.04      Nature
of Account. The Share Purchase Account is established solely for accounting purposes, and all amounts credited to the Share
Purchase Account will remain part of the general assets of the Company or the Participating Affiliate (as the case may be).

 

Section 3.05      No
Additional Contributions. A Participant may not make any payment into the Share Purchase Account other than the payroll deductions
made pursuant to the Plan.

 

ARTICLE
IV.

RIGHT TO PURCHASE SHARES

 

Section 4.01      Number
of Shares. Each Participant will have the right to purchase on the last business day of the Purchase Period all, but not less
than all, of the largest number of whole Common Shares that can be purchased at the price specified in Section 4.02 with the entire
credit balance in the Participant’s Share Purchase Account, subject to the limitations that (a) no more
than 10,000 Common Shares may be purchased under the Plan by any one Participant for a given Purchase Period, (b) in
accordance with Section 423(b)(8) of the Code, no more than $25,000 in Fair Market Value (determined at the beginning of each
Purchase Period) of Common Shares and other shares may be purchased under the Plan and all other employee share purchase plans
(if any) of the Company and the Affiliates by any one Participant for any calendar year and (c) if the purchases for
all Participants in any Purchase Period would result in the sale of more than 100,000 Common Shares in the aggregate under the
Plan for such Purchase Period, each Participant shall be allocated a pro rata portion of the 100,000 Common Shares to be sold
for that Purchase Period. If the purchases for all Participants would otherwise cause the aggregate number of Common Shares to
be sold under the Plan to exceed the number specified in Section 10.03, each Participant shall be allocated a pro rata portion
of the Common Shares to be sold.

  

    3 

     

    

 

Section 4.02      Purchase
Price. The purchase price for any Purchase Period shall be the lesser of (a) 85% of the Fair Market Value of the Common
Shares on the first business day of that Purchase Period or (b) 85% of the Fair Market Value of the Common Shares on the
last business day of that Purchase Period, in each case rounded up to the next higher full cent.

 

ARTICLE
V.

EXERCISE OF RIGHT

 

Section 5.01      Purchase
of Shares. On the last business day of a Purchase Period, the entire credit balance in each Participant’s Share Purchase
Account will be used to purchase the largest number of whole Common Shares purchasable with such amount (subject to the limitations
of Section 4.01), unless the Participant has filed with the Company, in advance of that date and subject to such terms and conditions
as the Committee in its sole discretion may impose, a form provided by the Company which requests the distribution of the entire
credit balance in cash.

 

Section 5.02      Cash
Distributions. Any amount remaining in a Participant’s Share Purchase Account after the last business day of a Purchase
Period will be paid to the Participant in cash in a timely fashion after the end of that Purchase Period.

 

Section 5.03      Notice
of Acceleration Date. The Company shall use its best efforts to notify each Participant in writing at least ten days prior
to any Acceleration Date that the then current Purchase Period will end on such Acceleration Date.

 

ARTICLE
VI.

WITHDRAWAL FROM PLAN; SALE OF SHARES

 

Section 6.01      Voluntary
Withdrawal. A Participant may, in accordance with such terms and conditions as the Committee in its sole discretion may impose,
withdraw from the Plan and cease making payroll deductions by filing with the Company a form provided for this purpose. In such
event, the entire credit balance in the Participant’s Share Purchase Account will be paid to the Participant in cash within
30 days. A Participant who withdraws from the Plan will not be eligible to reenter the Plan until the beginning of the next Purchase
Period following the date of such withdrawal.

 

    4 

     

    

 

Section 6.02      Death.
Subject to such terms and conditions as the Committee in its sole discretion may impose, upon the death of a Participant, no further
amounts shall be credited to the Participant’s Share Purchase Account. Thereafter, on the last business day of the Purchase
Period during which such Participant’s death occurred and in accordance with Section 5.01, the entire credit balance in
such Participant’s Share Purchase Account will be used to purchase Common Shares, unless such Participant’s estate
has filed with the Company, in advance of that day and subject to such terms and conditions as the Committee in its sole discretion
may impose, a form provided by the Company which elects to have the entire credit balance in such Participant’s Shares Account
distributed in cash within 30 days after the end of that Purchase Period or at such earlier time as the Committee in its sole
discretion may decide. Each Participant, however, may designate one or more beneficiaries who, upon death, are to receive the
Common Shares or the amount that otherwise would have been distributed or paid to the Participant’s estate and may change
or revoke any such designation from time to time. No such designation, change or revocation will be effective unless made by the
Participant in writing and filed with the Company during the Participant’s lifetime. Unless the Participant has otherwise
specified the beneficiary designation, the beneficiary or beneficiaries so designated will become fixed as of the date of the
death of the Participant so that, if a beneficiary survives the Participant but dies before the receipt of the payment due such
beneficiary, the payment will be made to such beneficiary’s estate.

 

Section 6.03      Termination
of Employment. Subject to such terms and conditions as the Committee in its sole discretion may impose, upon a Participant’s
normal or early retirement with the consent of the Company under any pension or retirement plan of the Company or Participating
Affiliate, no further amounts shall be credited to the Participant’s Share Purchase Account. Thereafter, on the last business
day of the Purchase Period during which such Participant’s approved retirement occurred and in accordance with Section 5.01,
the entire credit balance in such Participant’s Share Purchase Account will be used to purchase Common Shares, unless such
Participant has filed with the Company, in advance of that day and subject to such terms and conditions as the Committee in its
sole discretion may impose, a form provided by the Company which elects to receive the entire credit balance in such Participant’s
Share Purchase Account in cash within 30 days after the end of that Purchase Period, provided that such Participant shall have
no right to purchase Common Shares in the event that the last day of such a Purchase Period occurs more than three months following
the termination of such Participant’s employment with the Company by reason of such an approved retirement. In the event
of any other termination of employment (other than death) with the Company or a Participating Affiliate, participation in the
Plan will cease on the date the Participant ceases to be a Full-Time Employee for any reason. In such event, the entire credit
balance in such Participant’s Share Purchase Account will be paid to the Participant in cash within 30 days. For purposes
of this Section 6.03, a transfer of employment to any Affiliate, or a leave of absence which has been approved by the Committee,
will not be deemed a termination of employment as a Full-Time Employee.

 

ARTICLE
VII.

NONTRANSFERABILITY

 

Section 7.01      Nontransferable
Right to Purchase. The right to purchase Common Shares hereunder may not be assigned, transferred, pledged or hypothecated
(whether by operation of law or otherwise),
except as provided in Section 6.02, and will not be subject to execution, attachment or similar process. Any attempted assignment,
transfer, pledge, hypothecation or other disposition or levy of attachment or similar process upon the right to purchase will
be null and void and without effect.

 

    5 

     

    

 

Section 7.02      Nontransferable
Account. Except as provided in Section 6.02, the amounts credited to a Share Purchase Account may not be assigned, transferred,
pledged or hypothecated in any way, and any attempted assignment, transfer, pledge, hypothecation or other disposition of such
amounts will be null and void and without effect.

 

ARTICLE
VIII.

SHARE CERTIFICATES

 

Section 8.01      Delivery.
Promptly after the last day of each Purchase Period and subject to such terms and conditions as the Committee in its sole discretion
may impose, the Company will cause to be delivered to or for the benefit of the Participant a certificate representing the Common
Shares purchased on the last business day of such Purchase Period.

 

Section 8.02      Securities
Laws. The Company shall not be required to issue or deliver any certificate representing Common Shares prior to registration
under the Securities Act of 1933, as amended, or registration or qualification under any state law if such registration is required.
The Company shall use its best efforts to accomplish such registration (if and to the extent required) not later than a reasonable
time following the Purchase Period, and delivery of certificates may be deferred until such registration is accomplished.

 

Section 8.03      Completion
of Purchase. A Participant shall have no interest in the Common Shares purchased until a certificate representing the same
is issued to or for the benefit of the Participant.

 

Section 8.04      Form
of Ownership. The certificates representing Common Shares issued under the Plan will be registered in the name of the Participant.

 

ARTICLE
IX.

EFFECTIVE DATE, AMENDMENT AND

TERMINATION OF PLAN

 

Section 9.01      Effective
Date. The Plan, as amended and restated, was approved by the Board of Directors on February 15, 2018, and by the shareholders
of the Company on May 10, 2018. The Plan will terminate on August 1, 2028.

 

Section 9.02      Plan
Commencement. The initial Purchase Period under the Plan will commence on August 3, 1992. Thereafter, each succeeding
Purchase Period will commence and terminate in accordance with Section 1.03(k).

 

Section 9.03      Powers
of Board. The Board of Directors may amend or discontinue the Plan at any time. No amendment or discontinuation of the Plan,
however, shall without shareholder approval be made that: (i) absent such shareholder approval, would cause Rule 16b-3 under
the Securities Exchange Act of 1934, as amended (the “Act”) to become unavailable with respect to the Plan,
(ii) requires shareholder approval under any rules or regulations of the National Association of Securities Dealers,
Inc. or any securities exchange that are applicable to the Company, or (iii) permit the issuance of Common Shares
before payment therefor in full.

  

    6 

     

    

 

Section 9.04      Automatic
Termination. The Plan shall automatically terminate when all of the Common Shares provided for in Section 10.03 have been
sold.

 

ARTICLE
X.

ADMINISTRATION

 

Section 10.01      The
Committee. The Plan shall be administered by a committee (the “Committee”) of two or more directors of the Company,
none of whom shall be officers or employees of the Company and all of whom shall be “disinterested persons” with respect
to the Plan within the meaning of Rule 16b-3 under the Act. The members of the Committee shall be appointed by and serve at the
pleasure of the Board of Directors.

 

Section 10.02      Powers
of Committee. Subject to the provisions of the Plan, the Committee shall have full authority to administer the Plan, including
authority to interpret and construe any provision of the Plan, to establish deadlines by which the various administrative forms
must be received in order to be effective, and to adopt such other rules and regulations for administering the Plan as it may
deem appropriate. The Committee shall have full and complete authority to determine whether all or any part of the Common Shares
acquired pursuant to the Plan shall be subject to restrictions on the transferability thereof or any other restrictions affecting
in any manner a Participant’s rights with respect thereto but any such restrictions shall be contained in the form by which
a Participant elects to participate in the Plan pursuant to Section 2.02. Decisions of the Committee will be final and binding
on all parties who have an interest in the Plan.

 

Section 10.03      Shares
to be Sold. The Common Shares to be issued and sold under the Plan may be treasury shares or authorized but unissued shares,
or the Company may purchase Common Shares in the market for sale under the Plan. Except as provided in Section 11.01, the aggregate
number of Common Shares to be sold under the Plan will not exceed 1,200,000 shares.

 

Section 10.04      Notices.
Notices to the Committee should be addressed as follows:

 

Compensation
Committee 

CyberOptics
Corporation

 5900
Golden Hills Drive

Golden Valley,
MN 55416

 

ARTICLE
XI.

ADJUSTMENT FOR CHANGES IN SHARES OR COMPANY

 

Section 11.01      Share
Dividend or Reclassification. If the outstanding Common Shares are increased, decreased, changed into or exchanged for a different
number or kind of securities of the Company, or shares of a different par value or without par value, through reorganization,
recapitalization, reclassification, share dividend, share split, amendment to the Company’s Articles of Incorporation, reverse
share split or otherwise, an appropriate adjustment shall be made in the maximum numbers and kind of securities to be
purchased under the Plan with a corresponding adjustment in the purchase price to be paid therefor.

  

    7 

     

    

 

Section 11.02      Merger
or Consolidation. If the Company is merged into or consolidated with one or more corporations during the term of the Plan,
appropriate adjustments will be made to give effect thereto on an equitable basis in terms of issuance of shares of the corporation
surviving the merger or of the consolidated corporation, as the case may be.

 

ARTICLE
XII.

APPLICABLE LAW

 

Rights to
purchase Common Shares granted under the Plan shall be construed and shall take effect in accordance with the laws of the State
of Minnesota.

 

    8Exhibit

Exhibit 10.1

RESTRICTED STOCK UNIT NON-EMPLOYEE DIRECTOR AWARD AGREEMENT
PURSUANT TO THE
AVAYA HOLDINGS CORP.
2017 EQUITY INCENTIVE PLAN

*  *  *  *  *

Participant:    [Participant Name]            

Grant Date:         [Grant Date]        

Grant Number:   [Client Grant ID]        

Number of Restricted Stock Units (“RSUs”) Granted:     [RSUs Granted]    

*  *  *  *  *

This RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Avaya Holdings Corp., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Avaya Holdings Corp. 2017 Equity Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the Committee; and

WHEREAS, the Committee has determined under the Plan that it would be in the best interests of the Company to grant the Participant an Other Stock-Based Award in the form of the RSUs provided herein, each of which represents the right to receive one share of Common Stock on the Settlement Date (as defined below), subject to the terms and conditions contained herein and in the Plan.

NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows:
1.Incorporation by Reference; Plan Document Receipt.  This Agreement is subject in all respects to the terms, conditions and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time, unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms, conditions and provisions are made a part of and incorporated into this Agreement as if they were each expressly set forth herein.  Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan.  The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content and agrees to be bound thereby and hereby.  In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control.
2.    Grant of RSUs.  The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above, subject to adjustment as provided for in the Plan, on the terms and conditions set forth in this Agreement and otherwise provided for in the Plan.  Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.  The RSUs shall be credited to a separate book-entry account maintained for the Participant on the books of the Company.  The Participant’s interest in the book-entry account shall be that of a general, unsecured creditor of the Company.
3.    Vesting.
(a)    General.  Except as set forth in Section 3(b), Section 3(c), or Section 3(d), as applicable, the RSUs subject to this Award shall vest as follows, provided that the Participant has not incurred a Termination of Directorship prior to each such vesting date, and provided, further, that there shall be no proportionate or partial vesting in the periods prior to each such vesting date.
	
		
	Vesting Dates
	Percentage of RSUs

	March 15, 2018
	25%

	June 15, 2018
	25%

	September 15, 2018
	25%

	December 15, 2018
	25%

Notwithstanding the foregoing, if the number of RSUs is not evenly divisible, then no fractional RSUs shall vest and the smaller installments shall vest first, and upon vesting of the last installment in accordance with the terms and conditions hereof, 100% of the RSUs subject to this Award shall be fully vested.

(b)    Termination Without Cause or Due to Death or Disability. In the event of the Participant’s Termination of Directorship by the Company without Cause or due to the Participant’s death or Disability, all outstanding and unvested RSUs shall fully vest as of the date of such Termination of Directorship.
(c)    Change in Control.  All outstanding and unvested RSUs shall fully vest upon the consummation of a Change in Control that occurs prior to the Participant’s Termination of Directorship. 
(d)    Forfeiture.  Except as otherwise expressly provided for in Section 3(b), all outstanding and unvested RSUs shall be immediately forfeited upon the Participant’s Termination of Directorship for any reason.  Additionally, in the event of the Participant’s Termination of Directorship by the Company for Cause, all of the Participant’s outstanding RSUs, whether or not vested, shall be forfeited and cancelled without consideration therefor effective as of the date of such Termination of Directorship. 
4.    Delivery of Shares.  Within sixty (60) days following the first to occur among (a) the Participant’s Termination of Directorship (provided that such termination also constitutes a “separation from service” for purposes of Section 409A of the Code), (b) the consummation of a Change in Control (provided that such Change in Control also constitutes a “change in ownership,” a “change in effective control” or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A of the Code), and (c) December 15, 2020 (as applicable, the “Settlement Date”), the Participant shall receive the number of shares of Common Stock that corresponds to the number of RSUs that are vested RSUs as of the Settlement Date (“Vested RSUs”), and such Vested RSUs shall be cancelled upon receipt of the shares of Common Stock.
5.    Non-Transferability.  No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the RSUs as provided herein.
6.    Governing Law.  All questions concerning the construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof.  Any suit, action or proceeding with respect to this Agreement shall be governed by Section 13.9 of the Plan. 
7.    Tax Liability; Section 409A of the Code. 
(a)    The Participant agrees and acknowledges that the Company has no withholding obligation with respect to the Participant, and accordingly, the Participant is solely responsible and liable for any and all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), and the Company (i) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or vesting of the RSUs or the subsequent sale of any shares and (ii) does not commit to structure the RSUs to reduce or eliminate the Participant’s liability for Tax-Related Items.
(b)    The intent of the parties is that the RSUs granted hereunder comply with Section 409A of the Code, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith.  However, in no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Participant by Section 409A of the Code or damages for failing to comply with Section 409A of the Code.
(c)    As noted above, a termination of service shall not be deemed to have occurred for purposes of this Agreement unless such termination is also a “separation from service” within the meaning of Section 409A of the Code, and for purposes of any such provision of this Agreement, references to a “termination,” “termination of service” or like terms shall mean “separation from service.”  Notwithstanding anything to the contrary in this Agreement, if the Participant is deemed on the date of termination to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then the delivery of shares of Common Stock in respect of the Vested RSUs pursuant to Section 4 shall not occur until the date which is the earlier of (i) the expiration of the six (6)-month period measured from the date of such “separation from service” of the Participant, and (ii) the date of the Participant’s death, to the extent required under Section 409A of the Code.  Upon the expiration of the foregoing delay period, the Company shall deliver all shares of Common Stock delayed pursuant to this Section 7(c) at the same time.
(d)    Whenever this Agreement specifies a settlement period with reference to a number of days, the actual settlement date within the specified period shall be within the sole discretion of the Company.
(e)    Notwithstanding any other provision of this Agreement to the contrary, in no event shall any settlement in shares of Common Stock under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Section 409A of the Code be subject to offset by any other amount unless otherwise permitted by Section 409A of the Code.
8.    Legend.  The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates, if any, representing shares of Common Stock issued pursuant to this Agreement.  The Participant shall, at the request of the Company, promptly present to the Company any and all certificates, if any, representing shares of Common Stock acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section 8.
9.    Securities Representations.  This Agreement is being entered into by the Company in reliance upon the following express representations and warranties of the Participant.  The Participant hereby acknowledges, represents and warrants that:
(a)    The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the Securities Act and in this connection the Company is relying in part on the Participant’s representations set forth in this Section 9.
(b)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of Common Stock issuable hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such shares of Common Stock and the Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”).
(c)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant understands that (i) the exemption from registration under Rule 144 shall not be available unless (A) a public trading market then exists for the Common Stock, (B) adequate information concerning the Company is then available to the public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable hereunder may be made only in limited amounts in accordance with the terms and conditions of Rule 144 or any exemption therefrom.
10.    Entire Agreement; Amendment.  This Agreement, together with the Plan, contains the entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter.  The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan.  The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof.
11.    Notices; Electronic Delivery and Acceptance.  Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed duly given only upon receipt thereof by the General Counsel of the Company.  Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the Participant may have on file with the Company.  The Company may, in its sole discretion, decide to deliver any documents related to RSUs awarded under the Plan or future RSUs that may be awarded under the Plan by electronic means or request the Participant’s consent to participate in the Plan by electronic means. By accepting this RSU Award, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.
12.    No Right to Service.  Any questions as to whether and when there has been a Termination of Directorship and the cause of such Termination of Directorship shall be determined in the sole discretion of the Committee.  Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant’s service at any time, for any reason and with or without Cause.
13.    Transfer of Personal Data.  The Participant authorizes, agrees and unambiguously consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the RSUs awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan).  This authorization and consent is freely given by the Participant.
14.    Compliance with Laws.  The grant of RSUs and the issuance of shares of Common Stock hereunder shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in each case any respective rules and regulations promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto.  The Company shall not be obligated to issue the RSUs or any shares of Common Stock pursuant to this Agreement if any such issuance would violate any such requirements.  As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation.
15.    Binding Agreement.  This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns.
16.    Headings.  The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement.
17.    Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument.
18.    Further Assurances.  Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder.
19.    Severability.  The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.
20.    Acquired Rights.  The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary compensation, and shall not be considered as part of such compensation in the event of termination or resignation.
21.    Acceptance of Agreement. Notwithstanding anything herein to the contrary, in order for this Award to become effective, the Participant must acknowledge acceptance of this Agreement no later than the sixtieth (60th) day following the Grant Date (the “Final Acceptance Date”).  If the Participant’s acceptance of this Agreement does not occur by the Final Acceptance Date, then the entire Award will be forfeited and cancelled without any consideration therefor, except as otherwise determined in the Committee’s sole and absolute discretion.
22.    No Waiver. No waiver or non-action by either party hereto with respect to any breach by the other party of any provision of this Agreement shall be deemed or construed to be a waiver of any succeeding breach of such provision or as a waiver of the provision itself.
23.    No Rights as a Stockholder.  The Participant’s interest in the RSUs shall not entitle the Participant to any rights as a stockholder of the Company.  The Participant shall not be deemed to be the holder of, or have any of the rights and privileges of a stockholder of the Company in respect of, the shares of Common Stock unless and until such shares have been delivered to the Participant in accordance with Section 4.
 [Remainder of Page Intentionally Left Blank] 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of [●].
AVAYA HOLDINGS CORP. 

By:________________________________
Name:         Patrick J. O’Malley, III
		
	Title: 
	Senior Vice President and Chief Financial Officer

PARTICIPANT

[To be executed electronically.]

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