Document:

Form of Restricted Stock Award Agreement

 Exhibit 10.3 
 2004 INCENTIVE PLAN OF DRIL-QUIP, INC. 
 DIRECTOR RESTRICTED STOCK AWARD
AGREEMENT 
 THIS DIRECTOR RESTRICTED STOCK AWARD AGREEMENT (this “Award”) is made as of
May 10, 2012 (the “Grant Date”), by and between Dril-Quip, Inc., a Delaware corporation (the “Company”), and
                (the “Grantee”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the 2004 Incentive Plan
of Dril-Quip, Inc., as amended and restated effective May 10, 2012 (the “Plan”), the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the
“Board”) has determined that it would be in the interest of the Company and its stockholders to grant restricted shares of Company common stock, par value $0.01 per share (the “Common Stock”), as
provided herein, in order to encourage the Grantee to continue to serve as a member of the Board, to encourage the sense of proprietorship of the Grantee in the Company and to stimulate the active interest of the Grantee in the development and
financial success of the Company. 
 NOW THEREFORE, the Company awards the restricted shares of Common Stock
(“Restricted Stock”) to the Grantee, subject to the following terms and conditions of this Award: 
 1.
Grant of Restricted Stock. Subject to the terms and conditions contained herein, including, but not limited to, the restrictions in Sections 3 and 4 of this Award, the Company hereby grants to the Grantee an award of 1,600 shares of
Restricted Stock under the Plan. Capitalized terms used, but not otherwise defined, herein shall have the meanings set forth in the Plan. 
 2. Issuance of Restricted Stock. As of the Grant Date, as determined by the Committee, the shares of Restricted Stock will be (i) registered in a book entry account
(“Account”) in the name of the Grantee or (ii) evidenced by the issuance of stock certificates, which certificates will be registered in the name of the Grantee and will bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to the Restricted Stock, substantially in the following form: 
 The transferability of
this certificate and the shares of Common Stock represented hereby are subject to the terms, conditions and restrictions (including forfeiture) contained in the Director Restricted Stock Award Agreement, effective as of May 10, 2012, between
Dril-Quip, Inc. and the registered owner hereof. Copies of such Award Agreement are on file in the offices of Dril-Quip, Inc., 6401 N. Eldridge Parkway, Houston, Texas 77041. 
 Any certificates issued that evidence the shares of Restricted Stock shall be held in custody by the Company or, if specified by the Committee, by a third party custodian or trustee, until the
restrictions on such shares shall have lapsed, and, as a condition of this Award, the Grantee shall deliver a stock power, duly endorsed in blank, relating to the shares of Restricted Stock. The Restricted Stock will constitute issued and
outstanding shares of Common Stock for all corporate purposes. 

 3. Transfer Restrictions. Except as expressly provided herein, the shares of
Restricted Stock are non-transferable and may not otherwise be assigned, pledged, hypothecated or otherwise disposed of and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon
the levy of any such process, the award provided for herein shall immediately become null and void, and the shares of Restricted Stock shall be immediately forfeited to the Company. 

4. Restrictions. 
 (a) Except as provided in Section 4(b) below, the restrictions on the shares of Restricted Stock shall lapse, and the shares shall vest, in the following percentages on the following vesting dates:

  

	 	(i)	33 1/3% on the first anniversary of the Grant Date; 

  

	 	(ii)	33 1/3% on the second anniversary of the Grant Date; and 

  

	 	(iii)	33 1/3% on the third anniversary of the Grant Date; 

 provided, however, that the Grantee has continuously served as a member of the Board from the Grant Date through each of the above vesting dates. Any fractional shares shall be rounded-up to the
next whole share (not to exceed the total number of shares of Restricted Stock granted under this Award). If the Grantee does not continuously serve as a member of the Board until the vesting dates specified above, then all shares of then
outstanding Restricted Stock shall be forfeited immediately after the Grantee ceases to be a member of the Board. 
 (b)
Notwithstanding the limitations set forth in Section 4(a) above, the Restricted Stock shall become fully vested and exercisable and the restrictions shall lapse as of the date of the occurrence of a Change of Control; provided, however,
that the Grantee has continuously served as a member of the Board at all time since the Grant Date. For the purposes of this Award, “Change of Control” shall mean (i) there shall have occurred an event required to be
reported with respect to the Company in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item or any similar schedule or form) promulgated under the Exchange Act, whether or not the Company is then subject
to such reporting requirement; (ii) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) shall have become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company representing 30% or more of the combined voting power of the Company’s then outstanding voting securities; (iii) the Company is a party to a merger, consolidation, sale of assets or other
reorganization, or a proxy contest, as a consequence of which members of the Board in office immediately prior to such transaction or event constitute less than a majority of the Board thereafter; or (iv) during any period of two consecutive
years, individuals who at the beginning of such period constituted the Board (including, for this purpose, any new director whose election or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of
the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least a majority of the Board. 

  
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 5. Distribution Following Termination of Restrictions. As soon as administratively
feasible following the lapse of restrictions on the Restricted Stock in Section 4 of this Award, but no later than 30 days after such vesting occurs, the Company will cause to be removed from the Account the restrictions or, if requested in
writing to the Committee, cause to be issued and delivered to the Grantee (in certificate or electronic form) shares of Common Stock equal to the number of shares of Restricted Stock that have vested (and provided that the Restricted Stock has not
been forfeited prior to the date such restrictions lapsed). 
 6. Voting and Dividend Rights. During the period in which
the restrictions provided herein are applicable to the Restricted Stock, the Grantee shall have the right to vote the shares of Restricted Stock and to receive any cash dividends paid with respect thereto unless and until forfeiture thereof. Any
dividend or distribution payable with respect to shares of Restricted Stock that shall be paid or distributed in shares of Common Stock shall be subject to the same restrictions provided for herein, and the shares so paid or distributed shall be
deemed Restricted Stock subject to all terms and conditions herein. Any dividend or distribution (other than cash or Common Stock) payable or distributable on shares of Restricted Stock, unless otherwise determined by the Committee, shall be subject
to the terms and conditions of this Award to the same extent and in the same manner as the Restricted Stock is subject; provided that the Committee may make such modifications and additions to the terms and conditions (including restrictions on
transfer and the conditions to the timing and degree of lapse of such restrictions) that shall become applicable to such dividend or distribution as the Committee may provide in its absolute discretion. 

7. Adjustments. As provided in Section 16 of the Plan, certain adjustments may be made to the Restricted Stock upon the
occurrence of events or circumstances described in Section 16 of the Plan. Without limiting the generality of the foregoing, and except as otherwise provided in the Plan, in the event of any merger, consolidation, reorganization,
recapitalization, reclassification or other capital or corporate structure change of the Company, the securities or other consideration receivable for or in conversion of or exchange for shares of Restricted Stock shall be subject to the terms and
conditions of this Award to the same extent and in the same manner as the Restricted Stock is subject; provided that the Committee may make such modifications and additions to the terms and conditions (including restrictions on transfer and the
conditions to the timing and degree of lapse of such restrictions) that shall become applicable to the securities or other consideration so receivable as the Committee may provide in its absolute discretion. 

8. Incorporation of Plan Provisions. This Award and the award of Restricted Stock hereunder are made pursuant to the Plan and are
subject to all of the terms and provisions of the Plan as if the same were fully set forth herein. In the event that any provision of this Award conflicts with the Plan, the provisions of the Plan shall control. The Grantee acknowledges receipt of a
copy of the Plan and agrees that all decisions under and interpretations of the Plan by the Committee shall be final, binding and conclusive upon the Grantee. 

  
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 9. No Rights to Continued Service. Nothing contained in this Award shall confer upon
the Grantee any right to continued service as a member of the Board, or limit in any way the right of the Board to terminate or modify the terms of the Grantee’s service at any time. 

10. Notice. Unless the Company notifies the Grantee in writing of a different procedure, any notice or other communication to the
Company with respect to this Award shall be in writing and shall be delivered personally or sent by first class mail, postage prepaid to the following address: 
 Dril-Quip, Inc. 
 6401 N. Eldridge Parkway 

Houston, Texas 77041 
 Attn: Corporate Secretary 
 Any notice or other communication to the Grantee with
respect to this Award shall be in writing and shall be delivered personally, or shall be sent by first class mail, postage prepaid, to the Grantee’s address as listed in the records of the Company on the Grant Date, unless the Company has
received written notification from the Grantee of a change of address. 
 11. Miscellaneous. 

(a) THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT GIVING EFFECT TO THE
PRINCIPLES OF CONFLICT OF LAWS. 
 (b) This Award shall be binding upon and inure to the benefit of the Company and its
successors and assigns. 
 (c) The granting of this Award shall not give the Grantee any rights to similar grants in future
years. 
 (d) If any term or provision of this Award should be invalid or unenforceable, such provision shall be severed from
this Award, and all other terms and provisions hereof shall remain in full force and effect. 
 (e) This Award, including the
relevant provisions of the Plan, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, with respect to the subject hereof. This
Award may not be amended, except by an instrument in writing signed by the Company and the Grantee. 
 (f) This Award may be
executed in one or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 

  
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	DRIL-QUIP, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	The Grantee acknowledges receipt of a copy of the Plan, represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award
subject to all of the terms and provisions hereof and thereof.
	
	GRANTEE

  
 52012 Amendment to Tellabs, Inc. Executive Continuity and Protection Program

 EXHIBIT 10.40 
 TELLABS, INC. 
 EXECUTIVE CONTINUITY AND PROTECTION PROGRAM

 1. PURPOSE OF PROGRAM. The purpose of the Tellabs, Inc. Executive Continuity and Protection Program (the
“Program”) is to attract and retain well-qualified individuals as executives and key personnel of Tellabs, Inc. and/or its Subsidiaries, and to provide a benefit to each such individual if his/her employment is terminated in connection
with a Change in Control (as defined below). The Program is intended to qualify as a “top-hat” plan under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), in that it is intended to be an “employee
benefit plan” (as such term is defined under Section 3(3) of ERISA) which is unfunded and provides benefits only to a select group of management or highly compensated employees of the Company and/or its Subsidiaries. 

2. DEFINITIONS. The following terms shall have the following meanings unless the context indicates otherwise: 

(a) “AAA” shall have the meaning ascribed to such term in Section 12(k). 

(b) “Applicable Benefits Schedule” with respect to a Participant shall mean the Benefits Schedule designated by the Committee
as applicable to the Participant. 
 (c) “Applicable Rate” shall have the meaning ascribed to such term on the
Applicable Benefits Schedule. 
 (d) “Beneficiary” shall mean a beneficiary designated in writing by a Participant to
receive Change in Control Severance Benefits in accordance with Section 6(d) below, and if no beneficiary is designated by the Participant, then the Participant’s estate shall be deemed to be the Participant’s designated beneficiary.

 (e) “Benefits Schedule” shall mean a separate Benefits Schedule adopted as part of the Program, which Schedule sets
forth certain provisions relating to the determination of eligibility for and/or the amount of Change in Control Severance Benefits payable under the Program. 
 (f) “Board” shall mean the Board of Directors of the Company. 
 (g)
“Change in Control” means the first of the following events to occur: 
 (i) Any “person” (as
defined in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), excluding for this purpose, the Company or any Subsidiary of the Company, or any employee benefit plan of the Company or any
Subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan which acquires beneficial ownership of voting securities of the Company, is or becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or 

 
indirectly of securities of the Company representing twenty percent (20%) or more of the combined voting power of the Company’s then outstanding securities; provided, however, that no
Change in Control will be deemed to have occurred as a result of a change in ownership percentage resulting solely from an acquisition of securities by the Company; and provided further that no Change in Control will be deemed to have occurred if a
person inadvertently acquires an ownership interest of twenty percent (20%) or more but then promptly reduces that ownership interest below twenty percent (20%); 

(ii) During any two (2) consecutive years, individuals who at the beginning of such two (2)-year period constitute
the Board and any new director (except for a director designated by a person who has entered into an agreement with the Company to effect a transaction described elsewhere in this definition of Change in Control) whose election by the Board or
nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for
election was previously so approved (such individuals and any such new director, the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; 

(iii) Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all
of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, 
 (A) all or substantially all of the individuals and entities who were the beneficial owners of outstanding voting securities of the Company immediately prior to such Business Combination beneficially own,
directly or indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such
Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) (the
“Resulting Corporation”) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the outstanding voting securities of the Company; 

(B) no person (as defined in Section 13(d) and 14(d) of the Exchange Act) (other than the Company, the Resulting
Corporation or any employee benefit plan (or related trust) of the Company or such Resulting Corporation) beneficially owns, directly or indirectly, twenty percent (20%) or more of, respectively, the then combined voting power of the then
outstanding voting securities of the Resulting Corporation, except to the extent that such ownership resulted solely from ownership of securities of the Company prior to the Business Combination; and 

(C) at least a majority of the members of the board of directors of the Resulting Corporation were members of the
Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

  
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 (iv) Approval by the stockholders of the Company of a complete liquidation
or dissolution of the Company. 
 (h) “Change in Control Date” shall mean the date that a Change in Control first
occurs. 
 (i) “Change in Control Severance Benefits” shall mean the compensation and benefits provided to a
Terminated Participant pursuant to Section 6 of the Program. 
 (j) “Change in Control Severance Multiplier”
shall mean the multiplier used to determine cash Change in Control Severance Benefits paid to a specific Terminated Participant as determined by the Committee and set forth on the Applicable Benefits Schedule. 

(k) “Code” means the Internal Revenue Code of 1986, as amended. 

(l) “Committee” shall mean (i) the Board or (ii) a committee or subcommittee of the Board as from time to time
appointed by the Board from among its members. The initial Committee shall be the Board’s Compensation Committee. In the absence of an appointed Committee, the Board shall function as the Committee under the Program. On a Change in Control
Date, and during the twenty-four (24)-month period following such Change in Control Date, the Committee shall be comprised of such persons, whether or not such persons are members of the Board, as appointed by the Board prior to the Change in
Control Date, with any additions or changes to the Committee following such Change in Control Date to be made and/or approved by all Committee members then in office. 
 (m) “Company” shall mean Tellabs, Inc., a Delaware corporation, including any successor entity or any successor to the assets of the Company. 

(n) “Confidential Information” shall have the meaning ascribed to such term in Section 7(a). 

(o) “Effective Date” shall mean May 6, 2005. 
 (p) “ERISA” shall have the meaning ascribed to such term in Section 1. 
 (q) “Excise Tax” shall have the meaning ascribed to such term on the Applicable Benefits Schedule. 
 (r) “Participant(s)” shall have the meaning set forth in Section 3(b). 
 (s) “Payments” shall have the meaning ascribed to such term on the Applicable Benefits Schedule. 
 (t) “Program” shall have the meaning ascribed to such term in Section 1. 

  
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 (u) “Protection Period” shall mean the period after a Change in Control Date set
forth in the Applicable Benefits Schedule. 
 (v) “Qualifying Termination” of a Participant’s employment shall
have the meaning ascribed to such term on the Applicable Benefits Schedule. 
 (w) “Reference Base Salary” with
respect to a Participant means the annual base salary of such Participant as in effect immediately prior to the Termination Date (determined without regard to any reduction which would constitute a basis for a Participant’s resignation for Good
Reason, if such Participant’s Applicable Benefits Schedule contains a right to terminate for Good Reason), or, if greater, the highest annual base salary of such Participant as in effect during the period beginning on the Change in Control Date
and ending on the Termination Date. 
 (x) “Restriction Period” means the post-employment period set forth on the
Applicable Benefits Schedule during which the covenants set forth in Section 7(b) shall apply to a Participant. 
 (y)
“Subsidiary” shall mean a corporation of which the Company directly or indirectly owns more than fifty percent (50%) of the “voting stock” (meaning the capital stock of any class or classes having general voting power under
ordinary circumstances, in the absence of contingencies, to elect the directors of a corporation) or any other business entity in which the Company directly or indirectly has an ownership interest of more than fifty percent (50%). 

(z) “Terminated Participant” shall mean a Participant whose employment with the Company and/or a Subsidiary has been terminated
as described in Section 5 below. 
 (aa) “Termination Date” shall mean the date a Terminated Participant’s
employment with the Company and/or a Subsidiary is terminated as described in Section 5 below. 
 3. PARTICIPATION. Only
those executives and key personnel as the Committee in its sole discretion may designate, from time to time, shall participate in the Program. At the time the Committee designates an individual as a Participant, the Committee shall also designate
the Applicable Benefits Schedule for such Participant’s participation in the Program. 
 4. ADMINISTRATION. 

(a) Responsibility. The Committee shall have the responsibility, in its sole discretion, to control, operate, manage and
administer the Program in accordance with its terms. 
 (b) Authority of the Committee. The Committee shall have the
maximum discretionary authority permitted by law that may be necessary to enable it to discharge its responsibilities with respect to the Program, including but not limited to the following: 

(i) to determine eligibility for participation in the Program; 

(ii) to designate Participants and the Applicable Benefits Schedule; 

  
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 (iii) to establish the terms and provisions of, and to adopt as part of the
Program, one or more Benefits Schedules setting forth, among other things, the Change in Control Severance Multiplier, Protection Period and Restriction Period, and such other terms and provisions as the Committee shall determine; 

(iv) to calculate a Participant’s Change in Control Severance Benefits; 

(v) to correct any defect, supply any omission, or reconcile any inconsistency in the Program in such manner and to such
extent as it shall deem appropriate in its sole discretion to carry the same into effect; 
 (vi) to issue
administrative guidelines as an aid to administer the Program and make changes in such guidelines as it from time to time deems proper; 
 (vii) to make rules for carrying out and administering the Program and make changes in such rules as it from time to time deems proper; 

(viii) to the extent permitted under the Program, grant waivers of Program terms, conditions, restrictions, and
limitations; 
 (ix) to construe and interpret the Program and make reasonable determinations as to a
Participant’s eligibility for benefits under the Program, including determinations as to Change in Control of the Company, Qualifying Termination and disability; and 

(x) to take any and all other actions it deems necessary or advisable for the proper operation or administration of the
Program. 
 (c) Action by the Committee. Except as may otherwise be required or permitted under an applicable charter,
the Committee may (i) act only by a majority of its members (provided that any determination of the Committee may be made, without a meeting, by a writing or writings signed by all of the members of the Committee), and (ii) may authorize
any one or more of its members to execute and deliver documents on behalf of the Committee. 
 (d) Delegation of
Authority. The Committee may delegate to one or more of its members, or to one or more agents, such administrative duties as it may deem advisable; provided, however, that any such delegation shall be in writing. In addition, the Committee, or
any person to whom it has delegated duties as aforesaid, may employ one or more persons to render advice with respect to any responsibility the Committee or such person may have under the Program. The Committee may employ such legal or other
counsel, consultants and agents as it may deem desirable for the administration of the Program and may rely upon any opinion or computation received from any such counsel, consultant or agent. Expenses incurred by the Committee in the engagement of
such counsel, consultant or agent shall be paid by the Company, or the Subsidiary whose employees have benefited from the Program, as determined by the Committee. 

  
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 (e) Determinations and Interpretations by the Committee. All determinations and
interpretations made by the Committee shall be binding and conclusive to the maximum extent permitted by law on all Participants and their heirs, successors, and legal representatives. 

(f) Information. The Company shall furnish to the Committee in writing all information the Committee may deem appropriate for the
exercise of its powers and duties in the administration of the Program. Such information may include, but shall not be limited to, the full names of all Participants, their earnings and their dates of birth, employment, retirement, death or other
termination of employment. Such information shall be conclusive for all purposes of the Program, and the Committee shall be entitled to rely thereon without any investigation thereof. 

(g) Self-Interest. No member of the Committee may act, vote or otherwise influence a decision of the Committee specifically
relating to his/her benefits, if any, under the Program. 
 5. TERMINATION OF EMPLOYMENT ON OR AFTER A CHANGE IN CONTROL DATE.
If, during the period commencing on a Change in Control Date and ending on the last day of the Protection Period following such Change in Control Date, a Participant’s employment is terminated under circumstances constituting a Qualifying
Termination, such Terminated Participant shall be entitled to receive the Change in Control Severance Benefits on or after the Termination Date. 
 6. CHANGE IN CONTROL SEVERANCE BENEFITS. 
 (a) Cash Payment. In the event
of termination of the Participant due to a Qualifying Termination within the Protection Period following the Change in Control Date, the Terminated Participant shall be entitled to receive a lump sum severance allowance within fifteen
(15) business days of such termination, in an amount which is equal to the product of the Change in Control Severance Multiplier (as set forth on the Applicable Benefits Schedule) times the sum of: 

(i) The Participant’s Reference Base Salary; and 

(ii) The Participant’s target bonus for the year which includes his/her Termination Date. 

(b) Pro Rata Annual Bonus. Following the Termination Date, the Terminated Participant shall be entitled to receive a pro-rated
annual bonus at target for the year which includes his/her Termination Date, based on the number of days which have elapsed during such year as of the Termination Date. Such payment shall be paid at the same time as the lump sum payment is made
under Section 6(a). 
 (c) Payment in Lieu of Benefit Continuation. In lieu of continuing the provision of medical
and all other employee benefits and perquisites, including but not limited to executive allowance, retirement and any deferred compensation, to a Terminated Participant and his/her eligible dependents, the Company or its Subsidiary who employed the
Terminated Participant shall also pay to the Terminated Participant as a lump sum payment payable with the 

  
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lump sum payable under Section 6(a) an amount equal to ten percent (10%) of his/her Reference Base Salary multiplied by the Change in Control Severance Multiplier. Such payment shall be
in addition to such Participant’s rights under the Consolidated Omnibus Budget Reconciliation Act of 1985 (commonly known as COBRA). 
 (d) Payment of Change in Control Severance Benefits to Beneficiaries. In the event of a Terminated Participant’s death, all Change in Control Severance Benefits that would have been paid to
the Terminated Participant under this Section 6 but for his/her death, shall be paid to the Participant’s Beneficiary. 
 (e) Right to Earned or Accrued Compensation and Benefits. Notwithstanding anything contained in the Program to the contrary, the Company shall pay to a Terminated Participant within fifteen
(15) business days following the later of the Termination Date or the Change in Control Date all compensation (such as salary, bonus and/or accrued but untaken vacation) earned prior to the Termination Date. In addition, all accrued
compensation and benefits with respect to such Terminated Participant shall not be forfeited (except to the extent such forfeiture occurs under the terms of an applicable plan). 

(f) Other Benefits. Notwithstanding anything contained in the Program to the contrary, the Company or the Committee may, in its
sole discretion provide benefits in addition to the benefits described under this Section 6, which benefits may, but are not required to be, uniform among Participants. 
 7. PARTICIPANT COVENANTS. 
 (a) Non-Use and Non-Disclosure of Confidential
Information. 
 (i) As a condition to receiving the right to participate in the Program and any benefits
hereunder, each Participant agrees that he/she shall not, at any time during employment or thereafter, make use of or disclose, directly or indirectly, any (A) trade secret or other confidential secret information of the Company, or any of its
Subsidiaries or (B) other technical, business, proprietary or financial information of the Company or any of its Subsidiaries not available to the public generally or to the competitors of the Company or any of its Subsidiaries
(“Confidential Information”), except to the extent that such Confidential Information (I) becomes a matter of public record or is published in a newspaper, magazine or other periodical or on electronic or other media available to the
general public, other than as a result of any act or omission of him/her, (II) is required to be disclosed by any law, regulation or order of any court or regulatory commission, department or agency, provided that he/she gives prompt notice of such
requirement to the Company to enable the Company to seek an appropriate protective order, or (III) is required to be used or disclosed by him/her to perform properly his/her duties to the Company or any of its Subsidiaries. Each Participant further
agrees that on or before the Termination Date he/she shall return to the Company all Company property, including but not limited to all records, memoranda, notes, plans, reports, computer tapes and software and other documents and data which
constitute Confidential Information which he/she may possess or have under his/her control (together with all copies thereof). 

  
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 (ii) Each Participant agrees that he/she will assign to the Company (or a
Subsidiary of the Company), his/her entire right, title and interest in and to all discoveries and improvements, patentable or otherwise, trade secrets and ideas, writing and copyrightable material, which may have been conceived by him/her or
developed or acquired by him/her while he/she was employed by the Company, which may pertain directly or indirectly to the business of the Company or any Subsidiary. Participants agree to promptly and fully disclose in writing all such developments
to the Company. Participants, during employment and thereafter, shall without charge to Company, but at its expense, upon the Company’s request, execute, acknowledge and deliver to the Company all instruments and do all other acts which are
necessary or desirable to enable the Company or any of its Subsidiaries to file and prosecute applications for, and to acquire, maintain and enforce, all patents, trademarks and copyrights in all countries. Notwithstanding anything contained in the
foregoing, pursuant to Employee Patent Act, 765 ILCS 1060/1 et seq. (1996), this Section 7(a)(ii) does not apply to any invention for which no equipment, supplies, facilities or trade secret information of the Company (or a Subsidiary of the
Company) was used and which was developed entirely on the Participant’s own time, unless (a) the invention relates (i) to the business of the Company (or a Subsidiary of the Company) or (ii) to the Company’s (or a Subsidiary
of the Company) actual or demonstrably anticipated research or development, or (b) the invention results from any work performed by the Participant for the Company (or a Subsidiary of the Company). 

(b) Non-Solicitation; Non-Competition. As a further condition to receiving the right to participate in the Program and any
benefits hereunder, each Participant agrees that during his/her employment and for the Restriction Period set forth on the Applicable Benefits Schedule, he/she will not, without the written consent of the Company, directly or indirectly, on his/her
own behalf or on behalf of any other person or entity: 
 (i) engage or be interested in (as owner, partner,
stockholder, employee, director, officer, agent, consultant or otherwise), with or without compensation, any business which is in direct competition with the Company or of any of its Subsidiaries in providing data, voice or video transport,
switching/routing, network access system and/or voice quality enhancement solutions to service providers or end users or any other products which the Company or any of its Subsidiaries may be manufacturing, selling or distributing to service
providers or end users; 
 (ii) solicit for employment, or employ or retain, any person who was employed by the
Company or any of its Subsidiaries or affiliates (other than persons employed in a clerical or other non-professional position) within the six (6)-month period preceding the date of such hiring; or 

(iii) solicit, entice, persuade or induce any person or entity doing business with the Company and its Subsidiaries or
affiliates, to terminate such relationship or to refrain from extending or renewing the same. 
 The Participant is prohibited from engaging in
the above activities in any state of the United States and in any country outside the United States in which the Company does business. 

  
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Nothing in subparagraph (i) above will prohibit a Participant from acquiring or holding not more than one percent of any class of publicly traded securities of any such business; provided
that such securities entitle such Participant to no more than one percent (1%) of the total outstanding votes entitled to be cast by security holders of such business in matters on which such security holders are entitled to vote. 

(c) Remedies; Injunctive Relief; Blue Pencil. Participants agree that the protective covenants set forth in this Section 7
are reasonable and necessary to protect the legal interests of the Company and its Subsidiaries. The Participant acknowledges and agrees that (i) a threatened or actual breach of any of the covenants and provisions contained in this
Section 7 will result in irreparable harm to the business of the Company or its Subsidiaries and affiliates, (ii) a remedy at law in the form of monetary damages for any threatened or actual breach by the Participant of any of the
covenants and provisions contained in this Section 7 is inadequate, (iii) in addition to any remedy at law or equity for such breach, the Company shall be entitled to institute and maintain appropriate proceedings in equity, including a
suit for injunction to enforce the specific performance by the Participant of the obligations hereunder and to enjoin the Participant from engaging in any activity in violation hereof and (iv) the covenants on the Participant’s part
contained in this Section 7 shall be construed as agreements independent of any other provisions in the Program, and the existence of any claim, setoff or cause of action by the Participant against the Company, whether predicated on the Program
or otherwise, shall not constitute a defense or bar to the specific enforcement by the Company of said covenants. In the event of a breach or a violation by the Participant of any of the covenants and provisions of the Program, (1) the running
of the Restriction Period (but not of Participant’s obligation thereunder) shall be tolled during the period of the continuance of any actual breach or violation and (2) the Participant shall be obligated to pay to the Company the amount
of any Severance Benefits or Change in Control Benefits theretofore paid to the Participant (or if not yet paid, the Company shall not be obligated to make such payments). If a court of competent jurisdiction (or an arbitrator in accordance with
Section 12(k)) would otherwise declare any portions of this Section 7 void or unenforceable in the circumstances, such portions of this Section shall be reduced in scope and/or duration of time to such an extent that such court (or
arbitrator) would hold the same to be enforceable in the circumstances. The portions of this Section with respect to scope and duration shall be separate and distinct and fully severable without affecting the enforceability of the entire Section.

 (d) Not Exclusive Covenants. Nothing contained in this Section 7 shall invalidate or affect any non-disclosure,
assignment of intellectual property, non-competition, non-solicitation or other similar covenant or agreement that currently exists or may exist in the future between a Participant and the Company or a Subsidiary and any such covenants and agreement
shall continue in full force and effect. 
 8. CLAIMS. 
 (a) Claims Procedure. If any Participant or Beneficiary, or their legal representative, has a claim for benefits which is not being paid, such claimant may file a written claim with the Committee
setting forth the amount and nature of the claim, supporting facts, and the claimant’s address. A claimant must file any such claim within sixty (60) days after a Participant’s Termination Date. Written notice of the disposition of a
claim by the Committee 

  
 9 

 
shall be furnished to the claimant within ninety (90) days after the claim is filed. In the event of special circumstances, the Committee may extend the period for determination for up to an
additional ninety (90) days, in which case it shall so advise the claimant. If the claim is denied, the reasons for the denial shall be specifically set forth in writing, pertinent provisions of the Program shall be cited, including an
explanation of the Program’s claim review procedure, and, if the claim is perfectible, an explanation as to how the claimant can perfect the claim shall be provided. 
 (b) Claims Review Procedure. If a claimant whose claim has been denied wishes further consideration of his/her claim, he/she may request the Committee to review his/her claim in a written statement
of the claimant’s position filed with the Committee no later than sixty (60) days after receipt of the written notification provided for in Section 8(a) above. The Committee shall fully and fairly review the matter and shall promptly
advise the claimant, in writing, of its decision within the next sixty (60) days. Due to special circumstances, the Committee may extend the period for determination for up to an additional sixty (60) days. 

9. TAXES. 
 (a)
Withholding Taxes. The Company shall be entitled to withhold from any and all payments made to a Participant under the Program all federal, state, local and/or other taxes or imposts which the Company determines are required to be so withheld
from such payments or by reason of any other payments made to or on behalf of the Participant or for his/her benefit hereunder. 

(b) Excise Tax. In the event payments paid to a Participant under the Program are deemed to be excess parachute payments under
Section 280G of the Code, the Change in Control Severance Benefits payable to the Participant may be subject to reduction or the Participant may be entitled to receive a Gross-Up Payment (as defined in the Applicable Benefits Schedule) to the
extent provided under the Applicable Benefits Schedule. 
 (c) No Guarantee of Tax Consequences. No person connected with
the Program in any capacity, including, but not limited to, the Company and any Subsidiary and their directors, officers, agents and employees makes any representation, commitment, or guarantee that any tax treatment, including, but not limited to,
federal, state and local income, estate and gift tax treatment, will be applicable with respect to amounts deferred under the Program, or paid to or for the benefit of a Participant under the Program, or that such tax treatment will apply to or be
available to a Participant on account of participation in the Program. 
 10. TERM OF PROGRAM. The Program shall be effective as
of the Effective Date and shall remain in effect until the Board terminates the Program in accordance with Section 11(b) below. 
 11. AMENDMENT AND TERMINATION. 
 (a) Amendment of Program. The Program may
be amended by the Board at any time with or without prior notice; provided, however, that the Program shall not be amended during the twenty-four (24)-month period immediately following a Change in Control Date. In the event the Program was amended
within the six (6)-month period immediately preceding a 

  
 10 

 
Change in Control Date, to the extent such amendments were less favorable to Participants generally, such amendment shall automatically become of no further force and effect without further
action by the Company upon such Change in Control. 
 (b) Termination of Program. The Program may be terminated or
suspended by the Board at any time with or without prior notice; provided, however, that the Program shall not be terminated or suspended during the twenty-four (24)-month period immediately following a Change in Control Date. In the event the
Program was terminated within the six (6)-month period immediately preceding a Change in Control Date, the Program shall automatically become effective without further action by the Company upon such Change in Control. 

(c) No Adverse Affect. If the Program is amended, terminated, or suspended in accordance with Section 11(a) or 11(b) above,
such action shall not adversely affect the benefits under the Program to which any Terminated Participant (as of the date of amendment, termination or suspension) is entitled. 
 12. MISCELLANEOUS. 
 (a) Offset. Change in Control Severance Benefits shall
be reduced by any payment or benefit made or provided by the Company or any Subsidiary to the Participant pursuant to (i) any severance plan, program, policy or arrangement of the Company or any Subsidiary of the Company not otherwise referred
to in the Program, (ii) any employment agreement between the Company or any Subsidiary and the Participant, and (iii) any federal, state or local statute, rule, regulation or ordinance. 

(b) No Right, Title, or Interest in Company Assets. Participants shall have no right, title, or interest whatsoever in or to any
assets of the Company or any investments that the Company may make to aid it in meeting its obligations under the Program. Nothing contained in the Program, and no action taken pursuant to its provisions, shall create or be construed to create a
trust of any kind, or a fiduciary relationship between the Company and any Participant, Beneficiary, legal representative or any other person. To the extent that any person acquires a right to receive payments from the Company under the Program,
such right shall be no greater than the right of an unsecured general creditor of the Company. Subject to this Section 12(b), all payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund
shall be established and no segregation of assets shall be made to assure payment of such amounts. 
 (c) No Right to
Continued Employment. The Participant’s rights, if any, to continue to serve the Company as an employee shall not be enlarged or otherwise affected by his/her designation as a Participant under the Program, and the Company or the applicable
Subsidiary reserves the right to terminate the employment of any employee at any time. The adoption of the Program shall not be deemed to give any employee, or any other individual, any right to be selected as a Participant or to continued
employment with the Company or any Subsidiary. 
 (d) Other Rights. The Program shall not affect or impair the rights or
obligations of the Company or a Participant under any other written plan, contract, arrangement, 

  
 11 

 
or pension, profit sharing or other compensation plan; provided, however, that each Participant must agree in writing, as a condition to his/her participation in the Program and the receipt of
any benefits hereunder, that any previously existing change in control and/or change in management agreement between such Participant and the Company and/or a Subsidiary shall be superseded in its entirety by the Program and be of no further force
and effect. 
 (e) Governing Law. The Program shall be governed by and construed in accordance with the laws of the State
of Illinois without reference to principles of conflict of laws, except as superseded by applicable federal law (including, without limitation, ERISA). 
 (f) Severability. If any term or condition of the Program shall be invalid or unenforceable to any extent or in any application, then the remainder of the Program, with the exception of such
invalid or unenforceable provision (but only to the extent that such term or condition cannot be appropriately reformed or modified), shall not be affected thereby and shall continue in effect and application to its fullest extent. 

(g) Incapacity. If the Committee determines that a Participant or a Beneficiary is unable to care for his/her affairs because of
illness or accident or because he or she is a minor, any benefit due the Participant or Beneficiary may be paid to the Participant’s spouse or to any other person deemed by the Committee to have incurred expense for such Participant (including
a duly appointed guardian, committee or other legal representative), and any such payment shall be a complete discharge of the Company’s obligation hereunder. 
 (h) Transferability of Rights. The Company shall have the unrestricted right to transfer its obligations under the Program with respect to one or more Participants to any person, including, but not
limited to, any purchaser of all or any part of the Company’s business. No Participant or Beneficiary shall have any right to commute, encumber, transfer or otherwise dispose of or alienate any present or future right or expectancy which the
Participant or Beneficiary may have at any time to receive payments of benefits hereunder, which benefits and the right thereto are expressly declared to be non-assignable and nontransferable, except to the extent required by law. Any attempt to
transfer or assign a benefit, or any rights granted hereunder, by a Participant or the spouse of a Participant shall, in the sole discretion of the Committee (after consideration of such facts as it deems pertinent), be grounds for terminating any
rights of the Participant or Beneficiary to any portion of the Program benefits not previously paid. 
 (i) Interest. In
the event any payment to a Participant under the Program is not paid within thirty (30) days after it is due and Participant notifies the Company and the Company fails to make such payment (to the extent such payment is undisputed), such
payment shall thereafter bear interest at the prime rate from time to time as published in The Wall Street Journal, Midwest Edition. 
 (j) No Obligation to Mitigate Damages. The Participants shall not be obligated to seek other employment in mitigation of amounts payable or arrangements made under the provisions of the Program and
the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations under the Program. 

  
 12 

 (k) Arbitration of Disputes and Reimbursement of Legal Costs. In the event of any
dispute between the Company and the Participant, whether arising out of or relating to the Program, or otherwise, the Participant and the Company hereby agree that such dispute shall be resolved by binding arbitration administered by the American
Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules then in effect, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Any arbitration shall be held
before a single arbitrator who shall be selected by the mutual agreement of the Company and the Participant, unless the parties are unable to agree to an arbitrator, in which case, the arbitrator will be selected under the procedures of the AAA. The
arbitrator shall be experienced in the resolution of disputes under employment agreements or plans or programs similar to the Program maintained by major corporations and shall have the authority to award any remedy or relief that a court of
competent jurisdiction could order or grant, including, without limitation, the issuance of an injunction, and the parties hereby agree to the emergency procedures of the AAA. However, either party may, without inconsistency with this arbitration
provision, apply to any court having jurisdiction over such dispute or controversy and seek interim provisional, injunctive or other equitable relief until the arbitration award is rendered or the controversy is otherwise resolved. Except as
necessary in court proceedings to enforce this arbitration provision or an award rendered hereunder, or to obtain interim relief, neither a party nor an arbitrator may disclose the existence, content or results of any arbitration hereunder without
the prior written consent of the Company and the Participant. The arbitration proceeding shall be conducted in the Chicago, Illinois metropolitan area. In the event of any such proceeding, the losing party shall reimburse the prevailing party upon
entry of a final award resolving the subject of the dispute for all reasonable legal expenses incurred, unless the arbitrator determines that to do so would be unjust. Otherwise, each party shall be responsible for its own expenses relating to the
conduct of the arbitration (including reasonable attorneys’ fees and expenses) and shall share the fees of the AAA equally. Notwithstanding the foregoing, the Participant shall be required to exhaust his/her rights under Section 8 prior to
proceeding with any arbitration hereunder. 
 (l) Condition Precedent to Receipt of Payments or Benefits under the
Program. A Terminated Participant will not be eligible to receive Change in Control Severance Benefits or any other payments or benefits under the Program until (i) such Terminated Participant executes a general release of all claims
arising out of said Participant’s employment with, and termination of employment from, the Company in substantially the form attached hereto as Exhibit A (adjusted as necessary to conform to then existing legal requirements) (the “General
Release”); and (ii) the revocation period specified in such General Release expires without such Terminated Participant exercising his/her right of revocation as set forth in the General Release. 

(m) Assumption by Successor to the Company. The Company shall cause any successor to its business or assets to assume this Program
and the obligations arising hereunder and to maintain this Program without modification or alteration for the period required herein. 

  
 13 

 BENEFITS SCHEDULE – I 

For Participants Covered Under the Program Prior to January 1, 2012 

 

			
	 Change in Control Severance Multiplier
	  	2.0
		
	 Protection Period
	  	24 months
		
	 Restriction Period
	  	24 months

 With respect to Participants to which this Benefits Schedule is applicable, the following shall apply:

 “Qualifying Termination” shall mean (i) termination by the Company of the employment of the Participant with
the Company and all of its Subsidiaries for any reason other than death, disability or Cause, or (ii) resignation of the Participant for Good Reason. 
 The term “Cause” means (i) the Participant is convicted of a felony or of any crime involving moral turpitude, dishonesty, fraud, theft or financial impropriety; or (ii) a reasonable
determination by the Company that, (A) the Participant has willfully and continuously failed to perform substantially his/her duties (other than such failure resulting from incapacity due to physical or mental illness), after a written demand
for corrected performance is delivered to the Participant which specifically identifies the manners in which the Participant has not substantially performed his/her duties, (B) the Participant has engaged in gross neglect or gross misconduct,
or (C) the Participant has knowingly violated a material requirement of the Company’s Integrity Policy, code of conduct, the Sarbanes Oxley Act of 2002 or other material provision of federal or state securities law. 

The term “Good Reason” shall mean: 
 (i) the material reduction or material adverse modification of the Participant’s authority or duties on or after a Change in Control Date, such as a substantial diminution or adverse modification in
the Participant’s title, status, or responsibilities, from his/her authorities being exercised and duties being performed by the Participant immediately prior to the Change in Control Date (and as such authorities and duties may be increased
due to promotions from time to time after the Change in Control Date); 
 (ii) any reduction in the
Participant’s base salary from the base salary which is in effect immediately prior to a Change in Control Date or as may be increased from time to time thereafter; 

(iii) any failure to provide to the Participant the opportunities to participate on a reasonable basis in the
Company’s stock option plans, the annual bonus program and any other bonus and incentive compensation plans (whether in effect on or after the Change in Control Date) in which executives with comparable duties are eligible to participate; or

  
 1 

 (iv) any requirement, which occurs on or after a Change in Control Date,
that the Participant relocate his principal place of employment by more than a fifty (50)-mile radius from its location immediately prior to the Change in Control Date. 
 Notwithstanding the foregoing, any of the circumstances described above may not serve as a basis for resignation for “Good Reason” by the Participant unless the Participant has provided written
notice to the Company that such circumstance exists within thirty (30) days of the Participant’s learning of such circumstance and the Company has failed to cure such circumstance within thirty (30) days following such notice; and
provided further, the Participant did not previously consent to the action leading to their claim of resignation for “Good Reason.” 
 Subject to the paragraph immediately following this paragraph, if any payments or benefits received or to be received by the Participant in connection with the Participant’s employment (whether
pursuant to the terms of the Program or any other plan, arrangement or agreement with the Company, or any person affiliated with the Company) (the “Payments”), will be subject to the tax (the “Excise Tax”) imposed by
Section 4999 of the Code (or any similar tax that may hereafter be imposed), the Company shall pay at the time specified below, an additional amount (the “Gross-Up Payment”) such that the net amount retained by the Participant, after
deduction of any Excise Tax on the Payments and any federal, state and local income or other applicable tax and Excise Tax upon the payment provided for by this paragraph, shall be equal to the Payments. For purposes of determining the amount of the
Gross-Up Payment, the Participant shall be deemed to pay federal income taxes at the Participant’s highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income
taxes at the Participant’s highest marginal rate of taxation in the state and locality of the Participant’s residence on the date on which the Excise Tax is determined, net of the maximum reduction in federal income taxes which could be
obtained from deduction of such state and local taxes. The computations required by this paragraph (and the immediately following paragraph) shall be made by independent public accountants not then regularly retained by the Company, in consultation
with tax counsel selected by such accountants. The Company shall provide the Participant with sufficient tax and compensation data to enable the Participant or his/her tax advisor to verify such computations and shall reimburse the Participant for
reasonable fees and expenses incurred with respect thereto. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder, the Participant shall repay to the Company at the time that the amount
of such reduction in Excise Tax is finally determined the portion of the Gross-Up Payment attributable to such reduction (plus the portion of the Gross-Up Payment attributable to the Excise Tax and federal and state and local income tax imposed on
the Gross-Up Payment being repaid by the Participant) plus interest on the amount of such repayment from the date the Gross-Up Payment was initially made to the date of repayment at the rate provided in Section 1274(b)(2)(B) of the Code (the
“Applicable Rate”). In the event that the Excise Tax is determined by the Internal Revenue Service or by such independent public accountants to exceed the amount taken into account hereunder (including by reason of any payment the
existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional Gross-Up Payment in respect of such excess (plus any interest, penalties, fines or additions to tax

  
 2 

 
payable with respect to such excess) at the time that the amount of such excess is finally determined. Any payment to be made under this paragraph shall be payable within five (5) days of
the determination of the accountants that such a payment is required hereunder and, if applicable, within five (5) days of such determination that the Excise Tax is greater or less than initially calculated but, in no event, later than thirty
(30) days after the Participant’s receipt of the Payments resulting in such Excise Tax. 
 Notwithstanding anything in
the foregoing paragraph to the contrary, the foregoing provision shall not apply (therefore no Gross-Up Payment will be made) and any Change in Control Severance Benefits (other than those described in Section 6(e)) otherwise payable to the
Terminated Participant shall be reduced (but not below zero) such that no amounts paid or payable to the Terminated Participant as Change in Control Severance Benefits (other than those described in Section 6(e)) shall be deemed excess
parachute payments subject to Excise Tax, in the event the amount of such reduction does not exceed ten percent (10%) of such Change in Control Severance Benefits (other than those described in Section 6(e)). Unless the Participant shall
have given prior written notice specifying a different order to the Company to effectuate the foregoing, the Company shall reduce or eliminate the Change in Control Severance Benefits (other than those described in Section 6(e)), by first
reducing or eliminating the portion of such benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from
the determination made by the independent public accountants selected under the preceding paragraph. Any notice given by the Participant pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or
agreement governing the Participant’s rights and entitlements to any benefits or compensation. 

  
 3 

 BENEFITS SCHEDULE – IA 

For Participants First Covered Under the Program On or After January 1, 2012 

 

					
	 Change in Control Severance Multiplier
	  	 	2.0	  
		
	 Protection Period
	  	 	24 months	  
		
	 Restriction Period
	  	 	24 months	  

 With respect to Participants to which this Benefits Schedule is applicable, the following shall apply:

 “Qualifying Termination” shall mean (i) termination by the Company of the employment of the Participant with
the Company and all of its Subsidiaries for any reason other than death, disability or Cause, or (ii) resignation of the Participant for Good Reason. 
 The term “Cause” means (i) the Participant is convicted of a felony or of any crime involving moral turpitude, dishonesty, fraud, theft or financial impropriety; or (ii) a reasonable
determination by the Company that, (A) the Participant has willfully and continuously failed to perform substantially his/her duties (other than such failure resulting from incapacity due to physical or mental illness), after a written demand
for corrected performance is delivered to the Participant which specifically identifies the manners in which the Participant has not substantially performed his/her duties, (B) the Participant has engaged in gross neglect or gross misconduct,
or (C) the Participant has knowingly violated a material requirement of the Company’s Integrity Policy, code of conduct, the Sarbanes Oxley Act of 2002 or other material provision of federal or state securities law. 

The term “Good Reason” shall mean: 
 (i) the material reduction or material adverse modification of the Participant’s authority or duties on or after a Change in Control Date, such as a substantial diminution or adverse modification in
the Participant’s title, status, or responsibilities, from his/her authorities being exercised and duties being performed by the Participant immediately prior to the Change in Control Date (and as such authorities and duties may be increased
due to promotions from time to time after the Change in Control Date); 
 (ii) any reduction in the
Participant’s base salary from the base salary which is in effect immediately prior to a Change in Control Date or as may be increased from time to time thereafter; 

  
 1 

 (iii) any failure to provide to the Participant the opportunities to
participate on a reasonable basis in the Company’s stock option plans, the annual bonus program and any other bonus and incentive compensation plans (whether in effect on or after the Change in Control Date) in which executives with comparable
duties are eligible to participate; or 
 (iv) any requirement, which occurs on or after a Change in Control
Date, that the Participant relocate his principal place of employment by more than a fifty (50)-mile radius from its location immediately prior to the Change in Control Date. 
 Notwithstanding the foregoing, any of the circumstances described above may not serve as a basis for resignation for “Good Reason” by the Participant unless the Participant has provided written
notice to the Company that such circumstance exists within thirty (30) days of the Participant’s learning of such circumstance and the Company has failed to cure such circumstance within thirty (30) days following such notice; and
provided further, the Participant did not previously consent to the action leading to their claim of resignation for “Good Reason.” 
 If any payments or benefits received or to be received by the Participant in connection with the Participant’s employment (whether pursuant to the terms of the Program or any other plan, arrangement
or agreement with the Company, or any person affiliated with the Company) (the “Payments”), (a) constitute parachute payments within the meaning of Code Section 280G, and (b) but for this paragraph would be subject to the
Excise Tax, then the Payments shall be either: (i) delivered in full, or (ii) reduced (but not below zero) to the maximum amount that could be paid to the Participant without giving rise to the Excise Tax (the “Safe Harbor Cap”),
whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and the Excise Tax (and any equivalent state or local excise taxes), results in the receipt by the Participant, on an
after-tax basis, of the greatest amount of payments or benefits, notwithstanding that all or some portion of such payments or benefits may be subject to the Excise Tax. Unless the Participant shall have given prior written notice specifying a
different order to the Company, any reduction in payments and/or benefits required by this paragraph shall be accomplished first by reducing or eliminating the Payments which are not payable in cash and then by reducing or eliminating cash payments,
in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the determination made by the independent public accountants selected under Section 3 below. 

This paragraph shall apply to a Participant in the event of the reduction of the Participant’s Payments to the Safe Harbor Cap. If
it is established pursuant to a final decision of a court or an IRS proceeding which has been finally and conclusively resolved, that Payments have been paid to, or provided for the benefit of, the Participant by the Company, which are in excess of
the limitations provided in the preceding paragraph (hereinafter referred to as an “Excess Payment”), the Participant shall repay the Excess Payment to the Company on demand, together with interest on the Excess Payment at the Applicable
Rate from the date of the Participant’s receipt of such Excess Payment until the date of such repayment. As a result of the uncertainty in the application of Code Section 4999, it is possible that Payments which will not have been paid or
provided by the Company should have been paid or provided (an “Underpayment”). In the event that it is determined by the independent public accountants, the IRS, court order, or the Company on its federal income tax return, that an
Underpayment has 

  
 2 

 
occurred, the Company shall pay an amount equal to such Underpayment to the Participant within thirty (30) business days of such decision together with interest on such amount at the
Applicable Rate from the date such amount would have been paid to the Participant until the date of payment. 
 The computations
required by the foregoing paragraphs shall be made by independent public accountants not then regularly retained by the Company, in consultation with tax counsel selected by such accountants. The Company shall provide the Participant with sufficient
tax and compensation data to enable the Participant or his/her tax advisor to verify such computations and shall reimburse the Participant for reasonable fees and expenses incurred with respect thereto. For purposes of determining the reduction of
the Payments to the Safe Harbor Cap, the Participant shall be deemed to pay federal income taxes at the Participant’s highest marginal rate of federal income taxation in the calendar year in which the reduction is to be made and state and local
income taxes at the Participant’s highest marginal rate of taxation in the state and locality of the Participant’s residence on the date on which the Excise Tax is determined, net of the maximum reduction in federal income taxes which
could be obtained from deduction of such state and local taxes. 

  
 3 

 EXHIBIT A 

FORM OF RELEASE 
 GENERAL RELEASE 
 1. For valuable consideration, the adequacy of which is
hereby acknowledged, the undersigned (“Participant”), for himself, his spouse, heirs, administrators, children, representatives, executors, successors, assigns, and all other persons claiming through Participant, if any (collectively,
“Releasers”), knowingly and voluntarily releases and forever discharges Tellabs, Inc., its affiliates, subsidiaries, divisions, successors and assigns and the current, future and former employees, officers, directors, trustees and agents
thereof (collectively referred to throughout this General Release as “Company”) from any and all claims, causes of action, demands, fees and liabilities of any kind whatsoever, whether known or unknown, against Company, Participant has,
has ever had or may have as of the date of execution of this General Release, including, but not limited to, any alleged violation of: 
  

	 	•	 	 The National Labor Relations Act, as amended; 

  

	 	•	 	 Title VII of the Civil Rights Act of 1964, as amended; 

 

	 	•	 	 The Civil Rights Act of 1991, as amended; 

  

	 	•	 	 Sections 1981 through 1988 of Title 42 of the United States Code, as amended; 

 

	 	•	 	 The Employee Retirement Income Security Act of 1974, as amended; 

 

	 	•	 	 The Immigration Reform and Control Act, as amended; 

  

	 	•	 	 The Americans with Disabilities Act of 1990, as amended; 

 

	 	•	 	 The Age Discrimination in Employment Act of 1967, as amended; 

 

	 	•	 	 The Older Workers Benefit Protection Act of 1990, as amended; 

 

	 	•	 	 The Worker Adjustment and Retraining Notification Act, as amended; 

 

	 	•	 	 The Occupational Safety and Health Act, as amended; 

  

	 	•	 	 The Family and Medical Leave Act of 1993, as amended; 

 

	 	•	 	 Any other federal, state or local civil or human rights law or any other local, state or federal law, regulation or ordinance; or

  

	 	•	 	 Any public policy, contract, tort, or common law. 

 Notwithstanding anything herein to the contrary, this General Release shall not apply to: (i) Participant’s rights of indemnification and directors and officers liability insurance coverage to
which he was entitled immediately prior to [INSERT DATE] with regard to his service as an 

  
 1 

 
officer of Company; (ii) Participant’s rights under any tax-qualified pension or claims for accrued vested benefits under any other employee benefit plan, policy or arrangement
maintained by Company or under COBRA; (iii) Participant’s rights under the provisions of the Company’s Executive Continuity and Protection Program which are intended to survive termination of employment; or
(iv) Participant’s rights as a stockholder. Excluded from this General Release are any claims which cannot be waived by law. 
 [For Current/Former California Residents Only:] This General Release is intended to constitute a release of all of the claims referenced herein, known or unknown, suspected or unsuspected.
Participant hereby expressly waives any rights and benefits conferred by Section 1542 of the California Civil Code which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS
FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.” 
 2. Participant acknowledges and recites that: 
 (a) Participant has executed this
General Release knowingly and voluntarily; 
 (b) Participant has read and understands this General Release in its entirety,
including the waiver of rights under the Age Discrimination in Employment Act; 
 (c) Participant has been advised and directed
orally and in writing (and this subparagraph (c) constitutes such written direction) to seek legal counsel and any other advice he wishes with respect to the terms of this General Release before executing it; 

(d) Participant has sought such counsel, or freely and voluntarily waives the right to consult with counsel, and Participant has had an
opportunity, if he so desires, to discuss with counsel the terms of this General Release and their meaning; 
 (e) Participant
enters into this General Release knowingly and voluntarily, without duress or reservation of any kind, and after having given the matter full and careful consideration; and 
 (f) Participant has been offered 21 calendar days after receipt of this General Release to consider its terms before executing it. 

3. This General Release shall be governed by the internal laws (and not the choice of law principles) of the State of Illinois,
except for the application of pre-emptive federal law. 

  
 2 

 4. Participant shall have 7 days from the date hereof to revoke this General Release by
providing written notice of the revocation to Company’s General Counsel, in which event this General Release shall be unenforceable and null and void. 
  

			
	Date:                          	 	  

		 	[Participant’s Name]

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]