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Exhibit 10-w    
  

 
 

ADC TELECOMMUNICATIONS, INC.    
    
    RESTRICTED STOCK AWARD AGREEMENT    
  

        THIS AGREEMENT is made as of the 31st day of October, 2002, by and between ADC Telecommunications, Inc., a Minnesota corporation (the "Company"), and  Jay T.
Hilbert ("Participant"). 

        The
Company, pursuant to its Global Stock Incentive Plan (the "Plan"), hereby grants the following stock award to Participant, which award shall have the terms and conditions set forth
in this Agreement: 

        1.    Award     

The
Company, effective as of the date of this Agreement, hereby grants to Participant a restricted stock award of 150,000 shares (the "Shares") of
common stock, par value $.20 per share, of the Company (the "Common Stock"), subject to the terms and conditions set forth herein. 

        2.    Vesting     

Subject
to the terms and conditions of this Agreement, the Shares shall vest in Participant as follows: one-third (1/3) of the Shares shall vest on each of
November 1, 2003, 2004 and 2005, if, and only if, Participant remains continuously employed by the Company from the date hereof until each respective vesting date. Notwithstanding the
foregoing, in the event that the vesting and exercisability of Participant's stock option granted on October 31, 2002, under the Company's Global Stock Incentive Plan is accelerated pursuant to
a change in control of the Company under the conditions specified in Exhibit A to such stock option agreement, the vesting of the Shares shall similarly be accelerated. In
addition, in the event the conditions set forth in that certain letter dated January 7, 2003 from the Company to Participant are satisfied, the Shares shall become fully vested. 

        3.    Restriction on Transfer     

Until
the Shares vest pursuant to Section 2 hereof, none of the Shares may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of or encumbered, and no attempt to
transfer the Shares, whether voluntary or involuntary, by operation of law or otherwise, shall vest the transferee with any interest or right in or with respect to the Shares. 

        4.    Forfeiture     

If
Participant ceases to be an employee of the Company or any majority-owned affiliate of the Company for any reason prior to the vesting of the Shares pursuant to Section 2 hereof,
Participant's rights to the unvested portion of the Shares shall be immediately and irrevocably forfeited. 

        5.    Issuance and Custody of Certificate     

	(a)
	The Company shall cause to be issued one or more stock certificates, registered in the name of Participant, evidencing the Shares. Each such certificate shall
bear the following legend: 

"The
shares of common stock represented by this certificate are subject to forfeiture, and the transferability of this certificate and the shares of stock represented hereby are subject to the
restrictions, terms and conditions (including restrictions against transfer) contained in the ADC Telecommunications, Inc. Global Stock Incentive Plan and a Restricted Stock Award Agreement
entered into between ADC Telecommunications, Inc. and the registered owner of such shares. Copies of the Plan and the Agreement are on file in the office of the Secretary of ADC
Telecommunications, Inc., 13625 Technology Drive, Eden Prairie, Minnesota." 

 

	(b)
	Participant
shall execute stock powers relating to the Shares and deliver the same to the Company. Company shall use such stock powers only for the purpose of canceling any unvested
Shares that are forfeited.

	(c)
	Each
certificate issued pursuant to Section 5(a) hereof, together with the stock powers relating to the Shares, shall be deposited by the Company with the Secretary of the
Company or a custodian designated by the Secretary. The Secretary or such custodian shall issue a receipt to Participant evidencing the certificate or certificates held which are registered in the
name of Participant.

	(d)
	After
any Shares vest pursuant to Section 2 hereof, the Company shall promptly cause to be issued a certificate or certificates evidencing such vested Shares, free of the
legend provided in section 5(a) hereof, and shall cause such certificate or certificates to be delivered to Participant or Participant's legal representatives, beneficiaries or heirs. 

        6.    Distributions and Adjustments     

	(a)
	If all or any portion of the Shares vest in Participant subsequent to any change in the number or character of Shares of Common Stock (through stock dividend,
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares of Common Stock or
other securities of the Company, issuance of warrants or other rights to purchase Shares of Common Stock or other securities of the Company or other similar corporate transaction or event affecting
the Shares such that an adjustment is determined by the Compensation and Organization Committee of the Board of Directors (the "Committee") to be appropriate in order to prevent dilution or
enlargement of the interest represented by the Shares), Participant shall then receive upon such vesting the number and type of securities or other consideration which he would have received if the
Shares had vested prior to the event changing the number or character of outstanding Shares of Common Stock.

	(b)
	Any
additional Shares of Common Stock, any other securities of the Company and any other property (except for cash dividends) distributed with respect to the Shares prior to the date
the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares. Any cash dividends payable with respect to the Shares shall be distributed to Participant at the same
time cash dividends are distributed to shareholders of the Company generally.

	(c)
	Any
additional Shares of Common Stock, any securities and any other property (except for cash dividends) distributed with respect to the Shares prior to the date such Shares vest
shall be promptly deposited with the Secretary or the custodian designated by the Secretary to be held in custody in accordance with Section 5(c) hereof. 

        7.    Taxes    

	(a)
	In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to it in connection with this
restricted stock award, and in order to comply with all applicable federal or state tax laws or regulations, the Company may take such action as it deems appropriate to insure that, if necessary, all
applicable federal or state income and social security taxes are withheld or collected from Participant.

	(b)
	Participant
may elect to satisfy his federal and state income tax withholding obligations in connection with this restricted stock award by (i) having the Company withhold a
portion of the shares of Common Stock otherwise to be delivered upon vesting of this restricted stock award having a fair market value equal to the amount of federal and state income 

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taxes
required to be withheld in connection with this restricted stock award, in accordance with the rules of the Committee, or (ii) delivering to the Company shares of Common Stock other than
the shares to be delivered upon vesting of this restricted stock award having a fair market value equal to such taxes, in accordance with the rules of the Committee. 

	(c)
	Notwithstanding
clause 7(b) above, if Participant elects, in accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended, to recognize ordinary income
in the year of acquisition of the Shares, the Company may require at the time of such election an additional payment for withholding tax purposes based on the fair market value of such Shares as of
the date of the acquisition of such Shares by Participant. 

        8.    Miscellaneous    

	(a)
	This Agreement is issued pursuant to the Plan and is subject to its terms. Participant hereby acknowledges receipt of a copy of the Plan. The Plan is also
available for inspection during business hours at the principal office of the Company.

	(b)
	This
Agreement shall not confer on Participant any right with respect to continuance of employment by the Company or any of its subsidiaries.

	(c)
	This
Agreement shall be governed by and construed under the internal laws of the State of Minnesota, without regard for conflicts of laws principles thereof. 

        IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written. 

	 	 	ADC TELECOMMUNICATIONS, INC.
	

 	
 	

By:	
 	

/s/ Laura N. Owen
 Laura N. Owen
	

 	
 	

Its:	
 	

Vice President, Human Resources

	

 	
 	
PARTICIPANT
	

 	
 	

/s/ Jay T. Hilbert
Jay T. Hilbert

3

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Exhibit 10-w

ADC TELECOMMUNICATIONS, INC. RESTRICTED STOCK AWARD AGREEMENTQuickLinks
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Exhibit 10-hh    
  

SEVENTH AMENDMENT TO

PARTICIPATION AGREEMENT  

        THIS SEVENTH AMENDMENT TO PARTICIPATION AGREEMENT, dated as of July 31, 2002 (this "Amendment"), amends the
Participation Agreement, dated as of October 22, 1999, by and among ADC Telecommunications, Inc., a Minnesota corporation ("ADC" or
"Lessee"), as Lessee; Lease Plan North America, Inc., not in its individual capacity, except as expressly stated therein, but solely as Agent
Lessor for the Participants (the "Agent Lessor"); the Persons named on Schedule I thereto, as Participants; and ABN AMRO Bank N.V., as
Administrative Agent, as amended by (A) the First Amendment to Participation Agreement, dated as of January 29, 2001 (the "First
Amendment"), (B) the Second Amendment to Participation Agreement, dated as of August 24, 2001 (the "Second
Amendment"), (C) the Third Amendment to the Participation Agreement and Lease, dated as of October 31, 2001 (the "Third
Amendment"), (D) the Fourth Amendment to the Participation Agreement and Lease, dated as of December 11, 2001 (the "Fourth
Amendment"), (E) the Fifth Amendment to the Participation Agreement and Lease, dated as of December 31, 2001 (the "Fifth
Amendment") and (F) the Sixth Amendment to the Participation Agreement, dated as of April 18, 2002 (the "Sixth
Amendment") (as so amended by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment and the Sixth Amendment, the
"Existing Participation Agreement"). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings assigned thereto
in Appendix 1 to the Participation Agreement. 

        WHEREAS,
the parties hereto have entered into the Existing Participation Agreement and the other Operative Documents to fund the Construction of the Financed Improvements on the Land; 

        WHEREAS,
prior to the date of this Amendment, the Put Event and Base Term Commencement Date have occurred; 

        WHEREAS,
the parties hereto desire to amend the Existing Participation Agreement as hereinafter set forth; 

        NOW,
THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as
follows: 

        SECTION
1.    AMENDMENTS.    Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in  Section 2, the Existing
Participation Agreement shall be amended in accordance with Sections 1.1
and 1.2.

        SECTION
1.1    Article XVI is hereby amended by adding a new Section 16.13 as follows: 

SECTION
16.13    Increase in Margin.    In the event any Collateralized Lease Transaction, including without limitation any new
Collateralized Lease Transaction or an amendment to an existing Collateralized Lease Transaction, provides to any Person, other than the Tranche A4 Basic Rent currently paid by the Tranche A4
Participant, interest, margin or other pricing (the "Other Pricing") which, in the aggregate, is higher than the interest or yield component of Basic
Rent paid under the Operative Documents, Lessee shall promptly notify Agent Lessor of the Other Pricing and promptly enter into an amendment to the Operative Documents in form and substance reasonably
satisfactory to Agent Lessor and the Participants such that Basic Rent paid to the Participants shall be equal to the Other Pricing. Any such amendment to the Operative Documents shall be effective
and Basic Rent shall begin to accrue at a rate equal to the Other Pricing as of the date the Other Pricing under the applicable Collateralized Lease Transaction was first effective. 

 

        SECTION
1.2    Definitions. 

        (a)  The
definition of "Applicable Tranche A2 Margin" appearing in Appendix 1 to the Participation Agreement is hereby amended by deleting the reference to "375 basis
points" and replacing it with the reference to "75 basis points". 

        (b)  The
definition of "Applicable Tranche A3 Margin" appearing in Appendix 1 to the Participation Agreement is hereby amended by deleting the reference to "385 basis
points" and replacing it with the reference to "75 basis points". 

        (c)  The
definition of "Applicable Tranche B Margin" appearing in Appendix 1 to the Participation Agreement is hereby amended by deleting the reference to "400 basis
points" and replacing it with the reference to "75 basis points". 

        (d)  The
definition of "Applicable Tranche C Margin" appearing in Appendix 1 to the Participation Agreement is hereby amended by deleting the reference to "500 basis
points" and replacing it with the reference to "75 basis points". 

        (e)  Appendix I
to the Participation Agreement is hereby amended by adding thereto the following new term in proper alphabetical order: 

"Collateralized Lease Transaction" means (i) the Existing Synthetic Leases and (ii) any other Synthetic Leases or Capital Leases entered
into by Lessee or any of its Affiliates, (a) having aggregate principal amounts or commitments or lease balances, as applicable (including all funded amounts, undrawn committed or available
amounts and amounts owing to all creditors or lessors under any combined or syndicated credit arrangement) of $5,000,000 or more (the "Principal Obligations") and (b) for which at least 85% of
the Principal Obligations are or when funded are required to be collateralized with either cash or marketable securities, including without limitation direct obligations issued or unconditionally
guaranteed by the United States Government or any agency thereof. 

        SECTION
2.    CONDITIONS PRECEDENT.    This Amendment shall become effective as of July 31, 2002 upon the satisfaction of each of the following conditions
precedent: 

        (a)  The
Agent Lessor shall have received this Amendment duly executed by each of the parties hereto. 

        (b)  Legal
matters incident to the execution and delivery of this Amendment shall be satisfactory to each of the Participants and the Agent Lessor and their respective
counsel. 

        (c)  The
Agent Lessor shall have received evidence reasonably satisfactory to it that the Master Lease Agreement (the "GECC
Lease"), dated as of July 31, 2002, between ADC 2000 Trust, as lessor and the Lessee, as lessee and, if applicable, the related operative documents have been amended so
that debt and equity component of rent under such GECC Lease accrues interest or yield, as applicable, at a rate not exceeding 75 basis points over the applicable LIBOR rate set forth therein. 

        SECTION
3.    REPRESENTATIONS AND WARRANTIES.    In order to induce the Participants and the Agent Lessor to execute and deliver this Amendment, Lessee hereby
represents to each of the Participants and the Agent Lessor that, as of the date hereof, 

        (a)  the
execution, delivery and performance of this Amendment has been duly authorized; 

        (b)  the
person executing this Amendment has been duly authorized to act on its behalf; 

2

 

        (c)  this
Amendment constitutes its legal, valid, binding and enforceable agreement, except as enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other laws or equitable principles relating to or limiting the rights of creditors generally; 

        (d)  its
entry into this Amendment will not violate any law, rule or regulation or constitute a default under any material agreement by which it is bound or by which any of
its assets are affected; 

        (e)  the
representations and warranties set forth in Section 7.2 of the Existing Participation Agreement are and shall be and remain true and correct; 

        (f)    it
is in full compliance with all of the terms and conditions of each Operative Document and this Amendment; and 

        (g)  no
Default or Event of Default has occurred and is continuing or shall result after giving effect to this Amendment. 

        SECTION
4.    MISCELLANEOUS. 

        SECTION
4.1    Continuing Effectiveness, etc.    This Amendment shall be deemed to be an amendment to the Existing
Participation Agreement, and the Existing Participation Agreement, as amended hereby, and each other Operative Document, shall remain in full force and effect and are hereby ratified, approved and
confirmed in each and every respect. On and after the date hereof, all references to the "Participation Agreement" in the Operative Documents or in any other document, instrument, certificate,
agreement, opinion or writing shall be deemed to refer to the Existing Participation Agreement, as the case may be, as amended hereby. Except as expressly set forth herein, the execution,
delivery and effectiveness of this Amendment shall not operate as an amendment, modification or waiver of any provision of, or any right, power or remedy of any party hereto under, any Operative
Document. 

        SECTION
4.2    Severability.    Any provision of this Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Amendment or
affecting the validity or enforceability of such provision in any other jurisdiction. 

        SECTION
4.3    Headings.    The various headings of this Amendment are inserted for convenience of reference only and
shall not affect the meaning or interpretation of this Amendment or any provisions hereof. 

        SECTION
4.4    Execution in Counterparts.    This Amendment may be executed by the parties hereto in several
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 

        SECTION
4.5    Governing Law.    THIS AMENDMENT SHALL IN ALL RESPECTS BE GOVERNED BY THE INTERNAL LAW OF THE STATE OF
NEW YORK AS TO ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES, EXCEPT TITLE 14 OF ARTICLE 5 OF THE NEW YORK GENERAL OBLIGATIONS LAW. This
Amendment constitutes the entire understanding among the parties hereto with respect to the subject matter hereof and supersedes any prior agreement, written or oral, with respect thereto. 

        SECTION
4.6    Successors and Assigns.    This Amendment shall be binding upon and shall inure to the benefit of the
parties hereto and their respective successors and permitted assigns. 

        SECTION
4.7    Fees and Expenses.    Lessee agrees to pay on demand all costs and expenses of or incurred by each of
the other parties hereto in connection with the negotiation, preparation, 

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execution and delivery of this Amendment and the agreements and covenants contemplated herein, including the reasonable fees and expenses of counsel for the Agent Lessor. 

[signature
pages follow] 

4

        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year first above written. 

	 	 	ADC TELECOMMUNICATIONS, INC., as Lessee
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/ GOKUL V. HEMMADY

	 	 	Name:	 	Gokul V. Hemmady
	 	 	Title:	 	Vice President, Treasurer

	 	 	LEASE PLAN NORTH AMERICA, INC., not in its individual capacity, except as expressly stated in the Participation Agreement, but solely as Agent Lessor
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/ BLAKE J. LACHER

	 	 	Name:	 	Blake J. Lacher
	 	 	Title:	 	Vice President

	 	 	ABN AMRO BANK N.V., as Administrative Agent and as a Participant
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/ RUBA ABOZIR

	 	 	Name:	 	Ruba Abozir
	 	 	Title:	 	Vice President
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/ BLAKE J. LACHER

	 	 	Name:	 	Blake J. Lacher
	 	 	Title:	 	Vice President

	 	 	GENERAL ELECTRIC CAPITAL CORPORATION, as a Participant
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/ ROSALIA AGRESTI

	 	 	Name:	 	Rosalia Agresti
	 	 	Title:	 	Senior Risk Manager

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Exhibit 10-hh

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