Document:

Exhibit 10.2

 

[GRANT NUMBER]

 

RESTRICTED
STOCK UNIT AGREEMENT

PURSUANT TO THE

COMTECH TELECOMMUNICATIONS CORP.

2000 STOCK INCENTIVE PLAN

 

Dear Ken Peterman:

 

Preliminary
Statement

 

As
an employee of Comtech Telecommunications Corp. (the “Company”) or an Affiliate, pursuant to Section 11.1 of The Comtech
Telecommunications Corp. 2000 Stock Incentive Plan, as amended (the “Plan”), you were granted on September 12, 2022
(the “Grant Date”), pursuant to the terms of the Plan and this Restricted Stock Unit Agreement (this “Agreement”),
the number of restricted stock units (the “RSUs”) set forth below. Each RSU represents the right to receive one (1)
share of the Company’s common stock, $.10 par value per share (the “Common Stock”), subject to the terms and
conditions of the Plan and this Agreement.

 

The
terms of the grant are as follows:

 

1.              
Grant of RSUs. Subject in all respects to the Plan and the terms and conditions set forth herein and therein, on
the Grant Date you were granted 42,518 RSUs (the “Award”).

 

2.              
Vesting.

 

(a)            
The Award shall vest in equal installments over a three (3) year period, commencing on the Grant Date, at the rate of 33 1/3%
effective on each of the first through third anniversaries of the Grant Date; provided that you have not incurred a Termination of Employment
prior to the applicable vesting date. The date that an RSU (if any) becomes vested shall be referred to herein as the “Vesting
Date”. There shall be no proportionate or partial vesting in the periods prior to each Vesting Date and all vesting shall occur
only on the appropriate Vesting Date.

 

(b)            
Notwithstanding anything in this Section 2 to the contrary, in the event of a Change in Control, all unvested RSUs shall become
100% vested as of the date of such Change in Control; provided that, notwithstanding the foregoing, if the Committee reasonably determines
in good faith but subject to and only in accordance with Section 409A of the Code, prior to the Assumption Deadline (as defined below),
that any RSUs that are not vested shall be honored or assumed, or new awards substituted therefore (each such honored, assumed or substituted
RSU hereinafter called an “Alternative RSU”), by Participant’s employer (or the parent or subsidiary of such
employer) by the Assumption Deadline, then no acceleration of vesting shall occur with respect to the unvested RSUs solely due to such
event, provided that, the Alternative RSUs must meet the following criteria:

 

i.                 Each
Alternative RSU must be based on stock that is traded on an established securities market, or that will be so traded within 30 days
after the Change in Control, or provide for a cash payment not less than the cash value of the RSU based on the highest
consideration per share received by a holder of Common Stock in the transaction or series of transactions that gave rise to the
Change in Control;

 

     

     

    

 

ii.              
The Alternative RSUs must provide such Participant with rights, terms, conditions and entitlements substantially equivalent to
or better than the rights, terms, conditions and entitlements applicable under the RSUs, including, but not limited to, an identical
or better vesting schedule than applied prior to the Change in Control;

 

iii.            
The Alternative RSUs must have economic value substantially equivalent to the value of each RSU (such equivalent values to be
determined as of the time of the Change in Control);

 

iv.            
The Alternative RSUs must be structured in a manner intended to comply with Section 409A of the Code to avoid any adverse tax
consequences thereunder, to the extent applicable;

 

v.               The
Alternative RSUs shall provide that, in the event that, within twelve (12) months following the Change in Control, either the
Participant has a Termination of Employment by his or her employer other than for Cause (with the result that immediately thereafter
the Participant is not employed by such employer or its parent or other affiliates or that the Alternative RSUs otherwise would be
forfeited under their terms but for this provision), or if the Participant effects a Termination of Employment for Good Reason (as
such term is defined in the Participant’s employment agreement), then all unvested RSUs shall become 100% vested as of such
termination date.

 

For
purposes of this Section 2(b), the “Assumption Deadline” shall be the date of the Change in Control if the Company
had at least 20 days’ advance notice that the Change in Control was anticipated to occur, and otherwise the Assumption Deadline
shall be the date ten business days after the Change in Control.

 

(c)            
Notwithstanding anything in this Section 2 to the contrary, if the Participant incurs a Termination of Employment due to death
or Disability prior to the date that the RSUs vest in full in accordance with Section 2(a), then all unvested RSUs shall become 100%
vested as of the date of Participant’s death or Disability.

 

3.              
Payment. Subject to the terms of this Agreement and the Plan, you shall receive one share of Common Stock with respect
to each vested RSU subject to the Award within thirty (30) days following the applicable Vesting Date (such date of settlement, the “Settlement
Date”) except for those shares of Common Stock that may be used to pay any applicable taxes.

 

4.               Dividend
Equivalents. Any cash or Common Stock dividends paid on shares of Common Stock underlying an RSU prior to the Settlement
Date for such RSU shall be credited to a dividend book entry account on your behalf (any such credited amount, a “Dividend
Equivalent”). Any cash Dividend Equivalents shall not be deemed to be reinvested in shares of Common Stock and will be
held uninvested and without interest. Your right to receive any Dividend Equivalents with respect to cash dividends shall vest only
if and when the related RSU vests, and an amount equal to such cash dividends shall be paid to you in cash on the applicable
Settlement Date on which the related RSU is settled. Your right to receive any Dividend Equivalents with respect to dividends of
Common Stock shall vest only if and when the related RSU vests, and on the applicable Settlement Date on which the related RSU is
settled you will be paid an amount in cash equal to the Fair Market Value of the Common Stock underlying such dividend as of the
applicable Settlement Date. Prior to the payment thereof, any Dividend Equivalents will be encompassed within the term
 “Award” with respect to the relevant RSUs.

 

    2

     

    

 

5.              
Termination. Notwithstanding anything in the Plan to the contrary (including Section 14.1(b) thereof), any RSUs
(including any Dividend Equivalents credited thereupon) that are not vested upon your Termination of Employment shall, upon such Termination
of Employment, terminate and be forfeited in their entirety as of the date of such Termination of Employment.

 

6.              
Detrimental Activity. In the event you engage in Detrimental Activity prior to, or during the one year period following
the vesting of any RSUs, the Committee may direct that all unvested RSUs and all vested but unpaid RSUs (including any Dividend Equivalents
credited thereupon) shall be immediately forfeited to the Company and that you shall pay over to the Company an amount equal to the amount
realized at the time of vesting of any RSUs or any Common Stock or Dividend Equivalents paid in connection therewith which had vested
in the period referred to above.

 

7.              
Restriction on Transfer. Unless otherwise approved by the Committee, the Award is not transferable other than by
will or by the laws of descent and distribution. In addition, unless otherwise approved by the Committee, the Award shall not be assigned,
negotiated, pledged or hypothecated in any way (whether by operation of law or otherwise), and the Award shall not be subject to execution,
attachment or similar process. Upon any attempt to transfer, assign, negotiate, pledge or hypothecate all or part of the Award or in
the event of any levy upon the Award by reason of any execution, attachment or similar process contrary to the provisions hereof not
otherwise approved by the Committee, the Award shall immediately become null and void.

 

8.              
Rights as a Stockholder. Except as otherwise specifically provided herein, you shall have no rights as a stockholder
with respect to any shares of Common Stock covered by the Award unless and until you have become the holder of record of the shares of
Common Stock.

 

9.              
Provisions of Plan Control. This grant is subject to all the terms, conditions and provisions of the Plan, including,
without limitation, Section 17.13 of the Plan (Section 409A of the Code) and the amendment provisions of the Plan, and to such rules,
regulations and interpretations relating to the Plan as may be adopted by the Board of Directors of the Company and as may be in effect
from time to time. Any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan. The Plan
is incorporated herein by reference. If and to the extent that this grant conflicts or is inconsistent with the terms, conditions and
provisions of the Plan, unless this Agreement expressly provides otherwise, the Plan shall control, and this grant shall be deemed to
be modified accordingly.

 

10.           
Notices. Any notice or communication given hereunder shall be in writing and shall be deemed to have been duly given
when delivered in person, or by United States mail, to the appropriate party at the address set forth below (or such other address as
the party shall from time to time specify):

 

    3

     

    

 

If
to the Company, to:

 

Comtech Telecommunications
Corp.

68 South Service Road, Suite 230

Melville, NY 11747

Attention: Secretary

 

If
to you, at the address shown in the books and records of the Company.

 

11.           
Withholding. You shall be solely responsible for all applicable foreign, federal, state, and local taxes with respect
to the RSUs and the payments thereunder; provided, however, that at any time the Company is required or permitted to withhold
any such taxes (including, without limitation, any employment taxes), you shall pay, or make arrangements to pay, in a manner satisfactory
to the Company, an amount equal to the amount of all applicable federal, state and local or foreign taxes that the Company is required
or permitted to withhold at any time, including, if then permitted by the Company, by electing to reduce the number of shares of Common
Stock otherwise then deliverable to you under this Award. Unless you have informed the Company of your intent to make alternate arrangements
to satisfy your withholding obligations satisfactory to the Company within either sixty (60) days in advance of the applicable tax date
or at a time when you are not otherwise precluded from trading Common Stock under the Company’s insider trading policies (unless
otherwise determined by the Company) and relevant amounts are actually paid, the Company or one of its Affiliates shall have the automatic
right to withhold such taxes from any amounts payable to you (including salary, wages, any expenses reimbursable to you under the Company
policies and any other compensation), including, but not limited to, the right to withhold shares of Common Stock otherwise deliverable
to you under this Award. The Company will withhold taxes (e.g., federal, state and local taxes, including payroll taxes) in an amount
at least equal to the minimum statutory taxes required to be withheld; provided, however, at your advance election you may request the
Company withhold additional amounts up to your maximum individual tax rate in each relevant jurisdiction applicable to you at such time
of withholding, in all cases, so long as the withholdings do not result in this RSU being classified as a liability-based award in accordance
with applicable accounting standards.

 

12.           
Securities Representations. The grant of the Award and issuance of shares of Common Stock upon settlement of the
Award shall be subject to, and in compliance with, all applicable requirements of federal, state or foreign securities law. No shares
of Common Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state
or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which such shares
may then be listed. As a condition to the settlement of the Award, the Company may require you to satisfy any qualifications that may
be necessary or appropriate, to evidence compliance with any applicable law or regulation.

 

The
shares of Common Stock are being issued to you and this Agreement is being made by the Company in reliance upon the following express
representations and warranties. You acknowledge, represent and warrant that:

 

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(a)            
 you have been advised that you may be an “affiliate” within the meaning of Rule 144 under the Securities Act of 1933,
as amended (the “Act”) and in this connection the Company is relying in part on your representations set forth in
this section.

 

(b)            
If you are deemed to be an affiliate within the meaning of Rule 144 of the Act, the shares of Common Stock issued to you 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 the shares (or to file a “re-offer prospectus”).

 

(c)            
If you are deemed to be an affiliate within the meaning of Rule 144 of the Act, you understand that the exemption from registration
under Rule 144 will not be available unless (i) a public trading market then exists for the Common Stock, (ii) adequate information concerning
the Company is then available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom are complied
with; and that any sales of the shares of Common Stock may be made only in limited amounts in accordance with such terms and conditions.

 

13.           
Miscellaneous.

 

This Agreement
shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, personal legal representatives, successors,
trustees, administrators, distributees, devisees and legatees. The Company may assign to, and require, any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company
or any affiliate by which you are employed to expressly assume and agree in writing to perform this Agreement. Notwithstanding the foregoing,
you may not assign this Agreement other than with respect to shares of Common Stock Transferred in compliance with the terms hereof.

 

This Award shall
not affect in any way the right or power of the Board or stockholders of the Company to make or authorize an adjustment, recapitalization
or other change in the capital structure or the business of the Company, any merger or consolidation of the Company or subsidiaries,
any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock, the dissolution or liquidation
of the Company, any sale or transfer of all or part of its assets or business or any other corporate act or proceeding. The RSUs granted
hereunder shall be subject to adjustment in accordance with Section 4.2(b) of the Plan.

 

You agree that
the award of the RSUs hereunder and payment of Common Stock and any Dividend Equivalents credited thereunder is special incentive compensation
that will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount
of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit
plan of the Company.

 

No modification
or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by the party against whom it is
sought to be enforced.

 

The failure of
any party hereto at any time to require performance by another party of any provision of this Agreement shall not affect the right
of such party to require performance of that provision, and any waiver by any party of any breach of any provision of this Agreement
shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a
waiver of any right under this Agreement.

 

    5

     

    

 

The headings of
the sections of this Agreement have been inserted for convenience of reference only and shall in no way restrict or modify any of the
terms or provisions hereof.

 

This Agreement
shall be construed, interpreted and governed and the legal relationships of the parties determined in accordance with the internal laws
of the State of Delaware without reference to rules relating to conflicts of law.

 

14.           
Right to Terminate Employment. Neither the Plan nor the grant of the Award hereunder shall impose any obligations
on the Company or an Affiliate and/or the stockholders of the Company to retain you as an employee, nor shall it impose any obligation
on your part to remain as an employee of the Company or an Affiliate.

 

15.           
Agreement and Grant Not Effective Unless Accepted. By selecting the “Accept” button below you agree
(i) to enter into this Agreement electronically, and (ii) to the terms and conditions of the Agreement. Until you select the “Accept”
button below, this Award shall not be effective and if you do not select the “Accept” button within 14 days from the date
the Agreement is made available to you electronically this Award shall be null and void.

 

    6Exhibit 10.3

 

 

LONG TERM PERFORMANCE
SHARE AWARD AGREEMENT

PURSUANT TO THE

COMTECH TELECOMMUNICATIONS CORP.

2000 STOCK INCENTIVE PLAN

 

THIS
LONG TERM PERFORMANCE SHARE AWARD AGREEMENT (this “Agreement”), is made effective as of September 12, 2022
(the “Grant Date”), by and between Comtech Telecommunications Corp. (the “Company”) and Ken Peterman
(the “Participant”).

 

WHEREAS,
the Board of Directors of the Company (the “Board”) adopted, and the stockholders of the Company approved, the Comtech
Telecommunications Corp. 2000 Stock Incentive Plan (as amended, the “Plan”);

 

WHEREAS,
pursuant to Section 3.3 of the Plan, the Committee appointed by the Company’s Board of Directors to administer the Plan (the “Committee”)
has adopted the Guidelines for Deferrable Long Term Performance Shares Granted under the Plan, as amended and in effect at the date hereof
(the “Guidelines”);

 

WHEREAS,
the Company, through the Committee under the Plan, wishes to grant to the Participant a Performance Share Award under Article IX of the
Plan that, following the achievement of the specified levels of performance, as set forth on the document titled “Performance Goals
and Corresponding Earned Shares” attached hereto as Appendix A (the “Performance Goals”), and, subject
to the Participant’s continuing service with the Company or an Affiliate through the Final Certification Date (as defined below),
may provide for the issuance of a number of shares of the Company’s Common Stock corresponding to the level of achievement of the
Performance Goals (subject to accelerated earning, vesting and payment of such shares as specifically provided herein);

 

WHEREAS,
the Performance Goals are intended to constitute “Performance Goals,” as set forth under the Plan; and

 

WHEREAS,
such shares of Common Stock, when issued to the Participant, shall be subject to the terms of this Agreement.

 

NOW,
THEREFORE, the Company and the Participant agree as follows

 

1.               Grant
of Performance Share Award. Subject to the restrictions, terms and conditions of the Plan, the Guidelines and this
Agreement, on the Grant Date the Company awarded and granted to the Participant an award under Article IX of the Plan with the
designated target number of 63,776 Performance Shares (the “Target Performance
Shares”), and providing to the Participant a conditional right to earn the Target Performance Shares, or a number of
Performance Shares for each Applicable Performance Period (as defined below) ranging from 0% to 200% of the Target Performance
Shares, by achievement of the designated levels of performance of each performance criteria as specified in the Performance Goals
attached hereto as Appendix A, the earning of which would entitle the Participant to receive for each Performance Share earned, in
accordance with Section 2 below, one share of Common Stock, subject to the provisions of Sections 3 and 4 below (the
 “Performance Share Award”). The Performance Shares granted under the Performance Share Award are Deferrable
Performance Shares under the Guidelines, and the payment of shares of Common Stock following vesting of Earned Shares (as defined
below) in accordance with the terms and conditions of this Agreement may be deferred by the Participant in accordance with Section
4.2 of the Guidelines. If the Participant desires to defer the payment of Earned Shares, the Participant must complete an election
form prescribed by the Committee and deliver it to the Company no later than six months before the end of the Applicable Performance
Period (as defined in Section 2) or, if earlier, the date the number of Performance Shares to be earned has become readily
ascertainable within the meaning of Treasury Regulation Section 1.409A-2(a)(8).

 

     

     

    

 

2.              
Certification Date. Subject to the Participant’s not incurring a Termination of Employment prior to the Final
Certification Date (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the
achievement of the applicable Performance Goals on each of the applicable Annual Certification Dates with respect to the performance
period beginning on August 1, 2022 and ending on July 31, 2025 (the “Full Three-Year Performance Period”), the performance
period commencing on August 1, 2022 and ending on July 31, 2023 (the “First Applicable Performance Period”), or the
performance period beginning on August 1, 2022 and ending on July 31, 2024 (the “Second Applicable Performance Period,”
and together with the Full Three-Year Performance Period and the First Applicable Performance Period, each an “Applicable Performance
Period”), the Participant shall have the right to receive one share of Common Stock for each Performance Share earned based
on the level of attainment of the applicable Performance Goals for the Applicable Performance Period in accordance with Appendix A (“Earned
Shares”) during the Applicable Performance Period, subject to the Participant remaining employed through the applicable Annual
Certification Date, except as otherwise provided in Section 3. The Committee shall certify the level of achievement of each of the Performance
Goals no later than seventy-five (75) days following the end of the Applicable Performance Period (the date of each such certification
the “Annual Certification Date,” and the date of the Annual Certification Date following the Full Three-Year Performance
Period, the “Final Certification Date”). All Performance Shares that do not become Earned Shares following the Committee’s
certification on the Final Certification Date under the terms hereof shall be forfeited on such Final Certification Date.

 

3.              
Death or Disability/Change in Control before the Final Certification Date; Effect of Terminations of Employment.

 

3.1.         
Death, Disability and Termination of Employment.

 

(i)              In
the event of the Participant’s death or Disability prior to the Final Certification Date and prior to forfeiture of the
Performance Shares, the Performance Goals for the Full Three-Year Performance Period shall be deemed to be satisfied at a level
equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A) as of
the date of such death or Disability, and the resulting number of Earned Shares less Earned Shares earned for a prior completed
Applicable Performance Period (if any), together with the number of Earned Shares earned for any previously completed Applicable
Performance Period shall become fully vested and shall (subject to Plan Section 17.13) be distributed to the Participant or his or
her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability
occurs. The term “Disability” shall have the meaning as set forth in Plan Section 2.14 treating the Performance
Shares as being subject to Code Section 409A, provided that a “Disability” shall be deemed to have occurred only if it
qualifies as a disability within the meaning of Treasury Regulation Section 1.409A-1(e)(1)

 

    2

     

    

 

(ii)           
In the event of any Termination of Employment (other than a Termination of Employment due to death or after Disability) prior
to the Final Certification Date, except as otherwise provided in Section 3.2 (with respect to Alternative Performance Shares following
a 409A Change in Control), all Performance Shares shall be forfeited on the date of such Termination of Employment for no consideration.

 

(iii)         
In the event of a Termination of Employment for Cause, all Performance Shares, including any Earned Shares, shall be forfeited
on the date of such Termination of Employment for Cause for no consideration.

 

3.2.          409A
Change in Control. In the event of a 409A Change in Control prior to the Final Certification Date, the Performance Goal for
the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target
Performance level or the Projected Performance Level (as defined in Appendix A) as of the date of such 409A Change in Control, and
the resulting number of earned Performance Shares, less any previously Earned Shares, shall be deemed to be Earned Shares and shall
become fully vested as of the 409A Change in Control (including in the case of a Participant whose employment terminated between the
time of the 409A Change in Control and the Assumption Deadline (as defined below)) and all vested Earned Shares shall (subject to
Plan Section 17.13 and any limitations under Section 409A of the Code) be distributed to the Participant within sixty (60) days
following the end of the fiscal quarter in which the 409A Change in Control occurs, provided, that, notwithstanding the foregoing,
if the Committee reasonably determines in good faith but subject to and only in accordance with Section 409A of the Code, prior to
the Assumption Deadline, that any Performance Shares that are not Earned Shares shall be honored or assumed, or new awards
substituted therefor (each such honored, assumed or substituted Performance Share hereinafter called an “Alternative
Performance Share”), by Participant’s employer (or the parent or a subsidiary of such employer) by the Assumption
Deadline, then no acceleration of earning or vesting shall occur with respect to the Performance Shares solely due to such event,
provided that, such Alternative Performance Shares must meet the following criteria:

 

(i)             
Each Alternative Performance Share must be based on stock that is traded on an established securities market, or that will be
so traded within 30 days after the 409A Change in Control, or provide for a cash payment not less than the cash value of the Performance
Share based on the highest consideration per share received by a holder of Common Stock in the transaction or series of transactions
that gave rise to the 409A Change in Control;

 

(ii)           
The Alternative Performance Shares must provide such Participant with rights, terms, conditions and entitlements substantially
equivalent to or better than the rights, terms, conditions and entitlements applicable under the Performance Shares, including, but not
limited to, an identical or better vesting schedule than applied prior to the 409A Change in Control;

 

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(iii)         
 The Alternative Performance Share must have economic value substantially equivalent to the value of each Performance Share (such
equivalent values to be determined as of the time of the 409A Change in Control);

 

(iv)          
In furtherance of clause (ii) above, the performance goal applicable to the Alternative Performance Shares (the “Alternative
Performance Goal”) and the corresponding level at which Alternative Performance Shares shall be earned must be determined by
the Committee to be not less probable of being achieved than the Performance Goal immediately prior to the 409A Change in Control (assuming
the 409A Change in Control had not occurred and assuming that the Company had incurred no expense in connection with the 409A Change
in Control);

 

(v)            
The Alternate Performance Shares must be structured in a manner intended to comply with Section 409A of the Code to avoid any
adverse tax consequences thereunder, to the extent applicable;

 

(vi)           The
Alternative Performance Shares shall provide that, in the event that, within twelve (12) months following the 409A Change in Control
and prior to the Final Certification Date, either the Participant has a Termination of Employment by his or her employer other than
for Cause (with the result that immediately thereafter the Participant is not employed by such employer or its parent or other
affiliates or that the Alternative Performance Shares otherwise would be forfeited under their terms but for this provision), or if
the Participant effects a Termination of Employment for Good Reason (as such term is defined in the Participant’s employment
agreement), then the Alternative Performance Goal for the Full Three-Year Performance Period shall be deemed to be satisfied at a
level equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A),
and the resulting number of earned Alternative Performance Shares less any Performance Shares previously earned for a completed
Applicable Performance Period, which together with Earned Shares previously earned for previously completed Applicable Performance
Periods (if any) shall be the resulting Earned Shares (or awarded cash), shall become fully vested (to the extent not vested prior
thereto) and shall be distributed to the Participant within five business days after such termination date.

 

(vii)        
Any changes after the 409A Change in Control to the businesses the performance of which is measured under the Alternative Performance
Goal, including but not limited to asset sales or dispositions, reorganizations, restructurings, acquisitions, or discontinuations of
operations, that will or could have an adverse effect on the performance criteria under the Alternative Performance Goal during the Full
Three-Year Performance Period shall be accompanied by adjustments to the Alternative Performance Goal so that such changes do not reduce
the probability of the Performance Goal being achieved at the level that would have been obtained in the absence of such changes.

 

For
purposes of this Section 3.2, the “Assumption Deadline” shall be the date of the 409A Change in Control if the Company
had at least 20 days’ advance notice that the 409A Change in Control was anticipated to occur, and otherwise the Assumption Deadline
shall be the date ten business days after the 409A Change in Control.

 

    4

     

    

 

The
provisions of this Agreement supersede Plan Section 14.1(b).

 

4.              
Vesting and Distribution of Earned Shares. Subject to Section 3, Earned Shares shall vest and be distributed to
the Participant on the Final Certification Date; provided, that, in the event the Participant has made a valid deferral
election in accordance with Section 4.2 of the Guidelines the vested Earned Shares shall be distributed to the Participant in accordance
with such deferral election and the Guidelines (a “Deferral Election”).

 

Except
as otherwise provided herein, there shall be no proportionate or partial vesting in the periods prior to the Final Certification Date
and all vesting shall occur only on the Final Certification Date.

 

5.               Dividend
Equivalents. In the event that the Company declares and pays ordinary cash dividends on its outstanding Common Stock the
record date for which is on or after the Grant Date and on or before the date of distribution of Earned Shares (including during any
period of deferral at the election of the Participant), the Participant shall be credited, as of the dividend payment date, for each
Performance Share that is potentially earnable under this Agreement, a cash amount equivalent to the cash amount paid at that date
on one share of Common Stock, under Section 9.2(d) of the Plan. Such credited cash amount of dividend equivalents shall be earned
and vested if and only if the related Performance Share becomes earned and vested (i.e., it is forfeitable to the same extent as the
related Performance Share). No interest will be credited on accrued dividend equivalents. Dividend equivalents will be distributable
at such time as the Earned Shares resulting from the earning and vesting of the Performance Shares to which the dividend equivalents
relate are distributed; provided, however, that the Company may withhold cash dividend equivalents to satisfy then applicable tax
withholding obligations relating to Earned Shares (to minimize the number of Earned Shares being withheld to satisfy tax
obligations) under Section 12.

 

6.              
Detrimental Activity. In the event the Participant engages in Detrimental Activity prior to, or during the one year
period following the earlier of the Participant’s Termination of Employment or the Final Certification Date, the Committee may
direct (at any time within one year thereafter) that all Performance Shares shall be immediately forfeited to the Company and that the
Participant shall pay over to the Company an amount equal to the gain realized at the time of vesting and distribution of any Earned
Shares.

 

7.              
Restrictions on Transfer. The Participant shall not sell, negotiate, transfer, pledge, hypothecate, assign, encumber,
anticipate or otherwise dispose of the Performance Share Award or Performance Shares, and such Performance Share Award and Performance
Shares shall not be subject to attachment or garnishment by creditors of Participant or Participant’s beneficiaries (if any), except
as specifically permitted by the Plan and this Agreement, and only to the extent permitted under Code Section 409A. Any attempted Transfer
in violation of this Agreement and the Plan shall be void and of no effect.

 

8.              
Issuance Restrictions. The Company is not obligated to issue any securities if, in the opinion of counsel for the
Company, the issuance of such Common Stock shall constitute a violation by the Participant or the Company of any provisions of any law
or of any regulations of any governmental authority or any national securities exchange.

 

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9.              
 Securities Representations. The shares of Common Stock will be issued to the Participant and this Agreement is being
made by the Company in reliance upon the following express representations and warranties of the Participant. The Participant acknowledges,
represents and warrants that:

 

9.1.         
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;

 

9.2.         
The Common Stock must be held indefinitely by the Participant unless (i) an exemption from the registration requirements of the
Securities Act is available for the resale of such Common Stock or (ii) the Company files an additional registration statement (or a
 “re-offer prospectus”) with regard to the resale of such Common Stock and the Company is under no obligation to continue
in effect a Form S-8 Registration Statement or to otherwise register the resale of the Common Stock (or to file a “re-offer prospectus”);

 

9.3.         
The exemption from registration under Rule 144 will not be available under current law unless (i) a public trading market then
exists for the Common Stock, (ii) adequate information concerning the Company is then available to the public, and (iii) other terms
and conditions of Rule 144 or any exemption therefrom are complied with and that any sale of the Common Stock may be made only in limited
amounts in accordance with such terms and conditions.

 

10.           
Not an Employment Agreement. Neither the execution of this Agreement nor the issuance of the Performance
Share Award or the Common Stock hereunder constitute an agreement by the Company to employ or to continue to employ the Participant during
the entire, or any portion of, the term of this Agreement, including but not limited to any period during which any shares of Common
Stock are outstanding.

 

11.           
Power of Attorney. The Company, its successors and assigns, is hereby appointed the attorney-in-fact, with full
power of substitution, of the Participant for the purpose of carrying out the provisions of this Agreement and taking any action and
executing any instruments which such attorney-in-fact may deem necessary or advisable to accomplish the purposes hereof, which appointment
as attorney-in-fact is irrevocable and coupled with an interest. The Company, as attorney-in-fact for the Participant, may in the name
and stead of the Participant, make and execute all conveyances, assignments and transfers of Common Stock and property provided for herein,
and the Participant hereby ratifies and confirms that which the Company, as said attorney-in-fact, shall do by virtue hereof. Nevertheless,
the Participant shall, if so requested by the Company, execute and deliver to the Company all such instruments as may, in the judgment
of the Company, be advisable for this purpose.

 

12.            Withholding.
The Participant acknowledges that the Participant is solely responsible for all applicable foreign, federal, state, and local taxes
with respect to the Performance Share Award and the payments thereunder; provided, however, that at any time the Company is required
or permitted to withhold any such taxes (including, without limitation, any employment taxes), the Participant shall pay, or make
arrangements to pay, in a manner satisfactory to the Company, an amount equal to the amount of all applicable federal, state and
local or foreign taxes that the Company is required or permitted to withhold at any time, including, if then permitted by the
Company, by electing to reduce the number of shares of Common Stock otherwise then deliverable to the Participant under this
Agreement. Unless the Participant has informed the Company of the Participant’s intent to make alternate arrangements to
satisfy the Participant’s withholding obligations satisfactory to the Company within either sixty (60) days in advance of the
applicable tax date or at a time when the participant is not otherwise precluded from trading Common Stock under the Company’s
insider trading policies (unless otherwise determined by the Company) and relevant amounts are actually paid, the Company or one of
its Affiliates shall have the automatic right to withhold such taxes from any amounts payable to the Participant (including salary,
wages and other compensation), including, but not limited to, the right to withhold shares of Common Stock otherwise deliverable to
the Participant under this Agreement. The Company will withhold taxes (e.g., federal, state and local taxes, including payroll
taxes) in an amount at least equal to the statutory minimum taxes required to be withheld; provided, however, at the
Participant’s advance election the participant may request the Company withhold additional amounts up to the
Participant’s maximum individual tax rate in each relevant jurisdiction applicable to the Participant at such time of
withholding, so long as the withholdings do not result in this Performance Share Award being classified as a liability-based award
in accordance with applicable accounting standards.

 

    6

     

    

 

13.           
Miscellaneous.

 

13.1.      
This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, personal legal
representatives, successors, trustees, administrators, distributees, devisees and legatees. The Company may assign to, and require, any
successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company or any affiliate by which the Participant is employed to expressly assume and agree in writing to perform this
Agreement. Notwithstanding the foregoing, the Participant may not assign this Agreement other than with respect to shares of Common Stock
Transferred in compliance with the terms hereof.

 

13.2.       This
award of the Performance Share Award and the issuance of Common Stock thereunder shall not affect in any way the right or power of
the Board or stockholders of the Company to make or authorize an adjustment, recapitalization or other change in the capital
structure or the business of the Company, any merger or consolidation of the Company or subsidiaries, any issue of bonds,
debentures, preferred or prior preference stock ahead of or affecting the Common Stock, the dissolution or liquidation of the
Company, any sale or transfer of all or part of its assets or business or any other corporate act or proceeding. Performance Shares
and Earned Shares shall be subject to adjustment in accordance with Section 4.2(b) of the Plan, including during any period in which
payment of the Award is deferred at the election of Participant. For clarity, ordinary dividends on Common Stock will not trigger
adjustments to Performance Shares and Earned Shares, and any adjustments to Performance Shares and Earned Shares shall take into
account dividend equivalents credited thereon under Section 5.

 

13.3.       The
Participant agrees that the award of the Performance Share Award under this Agreement and the issuance of Common Stock thereunder is
special incentive compensation and that the Performance Share Award (even if treated as compensation for tax purposes) will not be
taken into account as “salary” or “compensation” or “bonus” in determining the amount of any
payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan
of the Company.

 

    7

     

    

 

13.4.      
No modification or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by the party
against whom it is sought to be enforced.

 

13.5.      
The failure of any party hereto at any time to require performance by another party of any provision of this Agreement shall not
affect the right of such party to require performance of that provision, and any waiver by any party of any breach of any provision of
this Agreement shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision
itself, or a waiver of any right under this Agreement.

 

13.6.      
The headings of the sections of this Agreement have been inserted for convenience of reference only and shall in no way restrict
or modify any of the terms or provisions hereof.

 

13.7.      
All notices, consents, requests, approvals, instructions and other communications provided for herein shall be in writing and
validly given or made when delivered, or on the second succeeding business day after being mailed by registered or certified mail, whichever
is earlier, to the persons entitled or required to receive the same, at the addresses set forth at the heading of this Agreement or to
such other address as either party may designate by like notice. Notices to the Company shall be addressed to the Compensation Committee
of the Board.

 

13.8.      
This Agreement shall be construed, interpreted and governed and the legal relationships of the parties determined in accordance
with the internal laws of the State of Delaware without reference to rules relating to conflicts of law.

 

13.9.      
The right to receive each payment of Earned Shares shall be treated as a separate award for purposes of Section 409A of the Code.

 

14.           
Rights as a Stockholder. The Participant shall have no rights as a stockholder with respect to any shares
of Common Stock covered by the Performance Share Award unless and until the Participant has become the holder of record of the shares
of Common Stock.

 

15.            Provisions
of Plan Control. This Agreement is subject to all the terms, conditions and provisions of the Plan, including, without
limitation, Section 17.13 of the Plan (Section 409A of the Code), the amendment provisions thereof, and to such rules, regulations
and interpretations relating to the Plan as may be adopted by the Committee and as may be in effect from time to time. The Plan is
incorporated herein by reference. A copy of the Plan has been delivered to the Participant. If and to the extent that this Agreement
conflicts or is inconsistent with the terms, conditions and provisions of the Plan, unless this Agreement expressly provides
otherwise, the Plan shall control, and this Agreement shall be deemed to be modified accordingly. Unless otherwise indicated, any
capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan. This Agreement contains the
entire understanding of the parties with respect to the subject matter hereof (other than any other documents expressly contemplated
herein or in the Plan) and supersedes any prior agreements between the Company and the Participant.

 

    8

     

    

 

16.           
 Agreement and Grant Not Effective Unless Accepted. By selecting the “Accept” button below you
agree (i) to enter into this Agreement electronically and (ii) to the terms and conditions of the Agreement. Until you select the “Accept”
button below, this Performance Share Award shall not be effective. If you do not select the “Accept” button within 14 days
from the date the Agreement is made available to you electronically this Performance Share Award shall be null and void.

 

	Address	COMTECH TELECOMMUNICATIONS CORP.
	 	 
	Employee Number	 
	 	 
	Grant Name	 

 

    9

     

    

 

APPENDIX A

 

LONG TERM PERFORMANCE
SHARE AWARD AGREEMENT

Performance Goal and Corresponding Earned Shares

Under the Comtech Telecommunications Corp.

2000 Stock Incentive Plan, as Amended

 

Fiscal 2023 - 2025 Performance
Period

 

The
Participant shall earn Performance Shares in accordance with the provisions set forth below, with any earned Performance Shares constituting
Earned Shares under the Participant’s Long Term Performance Share Award Agreement of which this Appendix is a part (the “Performance
Share Agreement”). Capitalized terms in this Appendix shall have the meanings as defined in the Performance Share Agreement.

 

Participant’s
Target Performance Shares will be allocated to the Performance Goals (as defined below) as follows:

 

1)              
Revenue Shares. 1/3 of the Participant’s Target Performance Shares will be allocated to the Company’s achievement
of GAAP Revenue (as defined below) (“Revenue Shares”);

 

2)              
EBITDA Shares. 1/3 of the Participant’s Target Performance Shares will be allocated to the Company’s achievement of
Adjusted EBITDA (as defined below) (“EBITDA Shares”); and

 

3)              
TSR Shares. 1/3 of the Participant’s Target Performance Shares will be allocated to the Company’s achievement of TSR
(as defined below) (“TSR Shares”).

 

The
number of Performance Shares earned by Participant for the Full Three-Year Performance Period shall be determined as of July 31, 2025,
as follows:

 

		·	The
                                            Revenue Shares may be earned based on the Company’s cumulative GAAP revenues in fiscal
                                            years 2023-2025 as reflected in the Company’s annual financial statement for the Applicable
                                            Performance Period (“GAAP Revenue”);

 

		·	The
                                            EBITDA Shares may be earned based on the Company’s Adjusted EBITDA for fiscal years
                                            2023-2025; and

 

		·	The
                                            TSR Shares may be earned based on the Company’s achievement of TSR for fiscal years
                                            2023-2025 (TSR, together with Adjusted EBITDA and GAAP Revenue, the “Performance
                                            Goals”).

 

    10

     

    

 

	Performance
    Criteria for Full Three-Year Performance Period	Threshold	Target	Maximum
	Fiscal 2023-2025
    GAAP Revenue	$[●]	$[●]	$[●]
	Fiscal
    2023-2025 Adjusted EBITDA	$[●]	$[●]	$[●]
	Fiscal
    2023-2025 TSR	[●]%	[●]%	[●]%

 

Notwithstanding the foregoing, the earning
of the Performance Shares shall accelerate (reducing the number of unearned Performance Shares) prior to the end of the Full Three-Year
Performance Period determined as of July 31, 2023 and July 31, 2024, respectively, as follows:

 

33% of the Revenue Shares, EBITDA Shares,
and TSR Shares shall be subject to accelerated earning based on the following grid:

 

	Performance
    Criteria for First Applicable Performance Period	Threshold	Target	Maximum
	Fiscal
    2023 GAAP Revenue	$[●]	$[●]	$[●]
	Fiscal
    2023 Adjusted EBITDA	$[●]	$[●]	$[●]
	Fiscal
    2023 TSR	[●]%	[●]%	[●]%

 

Up to a total of 66% of the Revenue
Shares, EBITDA Shares and TSR Shares shall be subject to accelerated earning based on the following grid:

 

	Performance
    Criteria for Second Applicable Performance Period	Threshold	Target	Maximum
	Fiscal
    2023-2024 GAAP Revenue	$[●]	$[●]	$[●]
	Fiscal
    2023-2024 Adjusted EBITDA	$[●]	$[●]	$[●]
	Fiscal
    2023-2024 TSR	[●]%	[●]%	[●]%

 

Participant shall earn 50% of the applicable
percentage of eligible Target Performance Shares for “Threshold Performance,” 100% of the applicable percentage of eligible
Target Performance Shares for “Target Performance,” and 200% of the applicable percentage of eligible Target Performance
Shares for “Maximum Performance.” Participant shall earn 0% of the applicable percentage of eligible Target Performance Shares
for performance that is less than Threshold Performance. In the event of achievement of a Performance Goal between performance levels,
the number of Earned Shares will be determined based upon linear interpolation. In calculating the number of Earned Shares for the Full
Three-Year Performance Period or for the Second Applicable Performance Period, the number of Earned Shares, and the shares deemed earned
with respect to the prior Applicable Performance Period(s) will be subtracted.

 

    11

     

    

 

For purposes of this Appendix A, “Adjusted
EBITDA”  shall be calculated as earnings before interest, income taxes, depreciation and amortization of intangibles,
stock-based compensation, costs associated with exit or disposal activities under FASB ASC Topic 420, impairment loss on goodwill or
long-lived intangibles under FASB ASC Topics 350 and 360, expenses relating to a potential or actual Change in Control (as defined in
Section 14.2 of the Plan), including expenses associated with an actual or potential proxy contest, expenses in connection with a potential
or actual purchase business combination, including the write-off of purchased in-process research and development under FASB ASC Topic
805, or other related accounting literature, expenses associated with termination of employees under FASB ASC Topics 420, 712, or 715,
or other related accounting literature, any adjustment to income before provision of income taxes as required by adoption of a new accounting
standard, and any extraordinary item. Adjusted EBITDA shall be calculated in a manner consistent with the adjusted EBITDA non-GAAP operating
metric used by management in assessing the Company's operating results.

 

For Purposes of this Appendix A, “Comparison
Group” means the Company and each other company in the S&P 600 as of the Grant Date. Companies shall be removed from the
Comparison Group if they cease to be publicly traded during the Applicable Performance Period (other than due to bankruptcy);

 

For purposes of this Appendix A, “TSR”
means total shareholder return as applied to the Company or any company in the Comparison Group, meaning stock price appreciation from
the beginning to the end of the Applicable Performance Period, plus dividends and distributions made or declared (assuming such dividends
or distributions are deemed reinvested, as of the ex-dividend date, in the common stock of the Company or any company in the Comparison
Group) during the Applicable Performance Period, expressed as a percentage return. For purposes of computing TSR, the stock price at
the beginning and end of the Applicable Performance Period will be the average price of a share of common stock over the 20 trading days
ending on the first or last day of the Applicable Performance Period, as applicable, adjusted for changes in capital structure; provided,
however, that TSR will be negative one hundred percent (-100%) if a company: (i) filed for bankruptcy, reorganization, or liquidation
under any chapter of the U.S. Bankruptcy Code; (ii) is the subject of an involuntary bankruptcy proceeding that is not dismissed within
30 days; (iii) is the subject of a stockholder approved plan of liquidation or dissolution; or (iv) ceases to conduct substantial business
operations.

 

The number of Performance Shares earned
based on TSR shall be determined by the Board or its designee as follows:

 

		1.	For the Company and for each other company
                                            in the Comparison Group, the Board shall determine the TSR for the Applicable Performance
                                            Period;
		2.	The
                                            Board shall rank the TSR values by ordering the Comparison Group members (plus the Company
                                            if the Company is not one of the Comparison Group members at the time) from highest to lowest
                                            based on TSR for the Applicable Performance Period and counting down from the company with
                                            the highest TSR (ranked first) to the Company’s position on the list. If two companies
                                            are ranked equally, the ranking of the next company shall account for the tie, so that if
                                            one company is ranked first, and two companies are tied for second, the next company is ranked
                                            fourth. In determining the Company’s TSR percentile rank for the Applicable Performance
                                            Period, in the event that the Company’s TSR for the Applicable Performance Period is
                                            equal to the TSR(s) of one or more other Comparison Group members for the same period, the
                                            Company’s TSR percentile ranking will be determined by ranking the Company’s
                                            TSR for that period as being greater than such other Comparison Group members. After this
                                            ranking, the TSR percentile rank will be calculated using the following formula, rounded
                                            to the nearest whole percentile by application of regular rounding:

 

    12

     

    

 

TSR Percentile Rank
= [(N-R)/(N-1)] X 100

 

Where “N” represents
the number of Comparison Group members for the relevant Applicable Performance Period (plus the Company if the Company is not one of
the Comparison Group members for that Applicable Performance Period).

 

Where “R” represents
the Company’s ranking among the Comparison Group members (plus the Company if the Company is not one of the Comparison Group members
for the Applicable Performance Period).

 

For example, if the Company
ranks seventh and there are sixteen companies in the Comparison Group (including the Company), the Company’s percentile rank will
be 60%, which is equal to [(16-7)/(16-1)] X 100.

 

		3.	The Board shall plot the percentile rank
                                            for the Company determined in the second step above into the appropriate percentage rank
                                            listed in the table above and determine the number of shares earned, if any, as a percent
                                            of target.

 

Notwithstanding the foregoing, if the
Company’s absolute TSR is negative over any Applicable Performance Period, payout shall not exceed 100% of the applicable percentage
of eligible Target Performance Shares for such Applicable Performance Period.

 

In connection with the death or Disability
of the Participant or 409A Change in Control of the Company during the Full Three-Year Performance Period, the Committee shall (if required
by the Performance Share Agreement) calculate a “Projected Performance Level” as the level of performance that would have
been achieved over the Full Three-Year Performance Period if the rate of performance of each performance criteria from the beginning
of the Full Three-Year Performance Period through the end of the fiscal quarter in which the Participant’s death or Disability
or the 409A Change in Control occurred had been sustained through the remaining fiscal quarters of the Full Three-Year Performance Period.
If such death or Disability of the Participant or 409A Change in Control occurs after the Full Three-Year Performance Period but prior
to the Final Certification Date, the Projected Performance Level shall be the actual performance level achieved for the Full Three-Year
Performance Period.

 

Determinations of the Committee regarding
the level of achievement of the GAAP Revenue goals, the Adjusted EBITDA goals, and the TSR goals (including in connection with determining
a Projected Performance Level), and the resulting Performance Shares earned, and related matters, will be final and binding on the Participant.

 

    13

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