Document:

First Amendment to the Amended and Restated 2001 Stock Incentive Plan

 EXHIBIT 10.1 
 FIRST AMENDMENT TO THE 
 ZHONE TECHNOLOGIES, INC. AMENDED AND RESTATED 
 2001 STOCK INCENTIVE PLAN 
 This First
Amendment (the “Amendment”) to the Zhone Technologies, Inc. Amended and Restated 2001 Stock Incentive Plan (the “2001 Zhone Plan”), approved by the Board of Directors of Zhone Technologies, Inc. (the
“Company”) on August 7, 2008, amends the 2001 Zhone Plan as follows: 
  

	1.	By substituting the following for Section 4.1: 

 “4.1 The maximum number of Shares that may be made the subject of Options and Awards granted under this Plan shall not exceed (a) 19,218,654, plus, (b) if on January 1 of any year in which this Plan is in effect,
commencing on January 1, 2008 and ending on January 1, 2017, the aggregate number of Shares with respect to which Options or Awards may be granted under the Plan (not including Shares that are subject to outstanding Options or Awards
granted under the Plan) is less than five percent (5%) of the total number of outstanding Shares on such date, an annual increase (determined as of January 1 of each year) in an amount such that the aggregate number of Shares with respect
to which Options or Awards may be granted under the Plan (not including Shares that are subject to outstanding Options or Awards granted under the Plan) is equal to the lesser of (i) five percent (5%) of the total number of outstanding
Shares on such date, (ii) 5,000,000 multiplied by the ratio set by the officers of the Company with respect to the reverse stock split effectuated in 2008, rounded down to the nearest whole number, or (iii) such other number of Shares as
determined by the Board; provided, however, that in the aggregate, not more than one-quarter of the number of allotted Shares may be made the subject of Restricted Stock Awards under Section 10 of the Plan (other than shares of
Restricted Stock made in settlement of Performance Units pursuant to Section 11.2(b)). The Company shall reserve for the purposes of the Plan, out of its authorized but unissued Shares or out of Shares held in the Company’s treasury, or
partly out of each, such number of Shares as shall be determined by the Board. No more than 20,000,000 shares may be subject to Options and Awards granted to any one individual under the terms of the Plan during any one calendar year.”

  

	2.	By adding the following to Section 5.7: 

 “5.7
Cancellation and Regrant of Options. The Committee may with the consent of the affected Optionee cancel any or all outstanding Options and grant in substitution therefor new Options covering the same or a different number of shares of the
Company’s common stock but with an option price based on the Fair Market Value per share of the Company’s common stock on the new grant date.” 
 IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Company, has caused this First Amendment to be executed on this 16th day of October, 2008. 
  

			
	ZHONE TECHNOLOGIES, INC.
		
	By:	 	/s/ Kirk Misaka
	Name:	 	Kirk Misaka
	Title:	 	Chief Financial OfficerFirst Amendment to the 1999 Stock Option Plan

 EXHIBIT 10.2 
 FIRST AMENDMENT TO THE 
 ZHONE TECHNOLOGIES, INC. 1999 STOCK OPTION PLAN 
 This First Amendment (the “Amendment”) to the Zhone Technologies, Inc. 1999 Stock Option Plan (the “1999 Zhone Plan”),
approved by the Board of Directors of Zhone Technologies, Inc. (the “Company”) on August 7, 2008, amends Section 6 of the 1999 Zhone Plan by adding the following Section 6.8: 
 “6.8 Cancellation and Regrant of Options. The Board may with the consent of the affected Optionee cancel any or all outstanding Options and grant in
substitution therefor new Options covering the same or a different number of shares of the Company’s common stock but with an option price based on the Fair Market Value per share of the Company’s common stock on the new grant date.”

 IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Company, has caused this First Amendment to be executed on this 16th
day of October, 2008. 
  

			
	ZHONE TECHNOLOGIES, INC.
		
	By:	 	/s/ Kirk Misaka
	Name:	 	Kirk Misaka
	Title:	 	Chief Financial OfficerForm of Stock Option Agreement

 Exhibit 10.1 
  

					
	 	 
	 NOTICE OF GRANT OF STOCK OPTIONS
 AND OPTION AGREEMENT
  
	 	 Vitesse Semiconductor Corporation
 ID: 77-0138960
  

			
	 [OPTIONEE]
	 	Option Number:	 	[            ]
	 [ADDRESS]
	 	Option Plan	 	2008
	 [ADDRESS]
	 	Employee ID:	 	[            ]
	 [ADDRESS]
	 		 	

 You (the “Optionee”) have been granted a Stock Option (this
“Option”) to purchase Common Stock of Vitesse Semiconductor Corporation (the “Company”), subject to the terms and conditions of the Vitesse Semiconductor Corporation Amended and Restated 2001 Stock Incentive Plan
(the “Plan”) and this Stock Option Agreement as set forth below. 
  

					
	 Date of Grant:
	 	[            ]
	 Total Shares Granted:
	 	[            ]
	 Exercise Price per Share:
	 	$[            ]
	 Type of Option:
	 	[            ]
	 Expiration Date:
	 	[Ten years from the date of the grant]

 This Option shall be exercisable, in whole or in part, according to the following vesting
schedule: 
  

					
	 Number of Shares
	 	 Vest Date

	[            ]	 	[1 year and 1 day from grant date]
	[            ]	 	[2 years and 1 day from grant date]
	[            ]	 	[3 years and 1 day from grant date]
	[            ]	 	[4 years and 1 day from grant date]

 The exercise of the options shall be conditioned upon the following: (i) at least one year
and one day has passed since the date of the grant of this Option; (ii) the filing with the Securities and Exchange Commission (the “SEC”) by the Company of financial statements for the fiscal years ended September 30,
2006 and 2007 on an Annual Form 10-K; (iii) the filing with the SEC by the Company of its Form 10-K for the fiscal year ended September 30, 2008; (iv) the filing by the Company of a registration statement on Form S-8 with the SEC to
register the offer and sale of the common stock underlying this Option; and (v) the common stock underlying this Option is listed on the NASDAQ Stock Market or such other national securities exchange as described in Section 18 of the
Securities Act of 1933. 
 This Option may be exercised for a period of thirty (30) days after termination of employment from the
Company or such longer period as may be applicable upon Death or Total and Permanent Disability of the Optionee, or by other written agreement with the Company, according to the terms and conditions of the Plan, but in no event after the Expiration
Date set forth above. 
 [signature page follows] 

 Option Agreement Signature Page 
 By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and
conditions of the Vitesse Semiconductor Corporation Amended and Restated 2001 Stock Incentive Plan. 
  

					
	  
	 		 	  

	Vitesse Semiconductor Corporation	 		 	Date
			
	  
	 		 	  

	[OPTIONEE]	 		 	DateForm of Restricted Stock Unit Agreement

 Exhibit 10.2 
 VITESSE SEMICONDUCTOR CORPORATION 
 AMENDED AND RESTATED 2001 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 
 THIS STOCK UNIT AWARD AGREEMENT (this “Agreement”) is dated as of October 13, 2008 by and between Vitesse Semiconductor Corporation, a Delaware corporation (the “Company”) and [NAME] (the
“Employee”). 
 W I T N E S S E T H 
 WHEREAS, pursuant to the Vitesse Semiconductor Corporation Amended and Restated 2001 Stock Incentive Plan, as amended (the “Plan”), the Company has granted to the Employee effective as of the
date hereof (the “Award Date”), a credit of restricted stock units under the Plan (the “Restricted Stock Unit Award” or “Award”), upon the terms and conditions set forth herein and in the Plan.

 NOW THEREFORE, in consideration of services rendered and to be rendered by the Employee, and the mutual promises made herein and
the mutual benefits to be derived therefrom, the parties agree as follows: 
 1. Defined Terms. Capitalized terms used herein
and not otherwise defined herein shall have the meaning assigned to such terms in the Plan. 
 2. Grant. Subject to the terms
of this Agreement, the Company hereby grants to the Employee a Restricted Stock Unit Award with respect to an aggregate of [NUMBER OF RSUs] restricted stock units (subject to adjustment as provided in Section 8.2 of the Plan) (the
“Restricted Stock Units”). As used herein, the term “restricted stock unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one (1) outstanding share of the
Company’s common stock (subject to adjustment as provided in Section 10 of the Plan) solely for purposes of the Plan and this Agreement. The Restricted Stock Units shall be used solely as a device for the determination of the payment to
eventually be made to the Employee if such Restricted Stock Units vest pursuant to Section 3 hereof. The Restricted Stock Units shall not be treated as property or as a trust fund of any kind. 
 3. Vesting. Subject to Section 8 hereof, the Award shall vest and become nonforfeitable with respect to fifty percent (50%) of
the total number of Restricted Stock Units (subject to adjustment under Section 10 of the Plan) on the day after the first anniversary of the Award Date and twenty-five percent (25%) on each of the second and third anniversaries of the
Award Date. 
 4. Continuance of Employment. The vesting schedule requires continued employment or service through each
applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Agreement. Partial employment or service, even if substantial, during any vesting period will not entitle the
Employee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 8 hereof or under the Plan. 

 Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the
Company, affects the Employee’s status as an employee at will who is subject to termination without cause, confers upon the Employee any right to remain employed by or in service to the Company, interferes in any way with the right of the
Company at any time to terminate such employment or services, or affects the right of the Company to increase or decrease the Employee’s other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any
independent contractual right of the Employee without his consent thereto. 
 5. Dividend and Voting Rights. 
 (a) Limitations on Rights Associated with Units. The Employee shall have no rights as a stockholder of the Company, no dividend rights
(except as expressly provided in Section 5(b) hereof) and no voting rights, with respect to the Restricted Stock Units and any shares of common stock underlying or issuable in respect of such Restricted Stock Units until such shares of common
stock are actually issued to and held of record by the Employee. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock. 
 (b) Dividend Equivalent Rights Distributions. Within 60 days of any date that the Company pays a cash dividend on its common stock, the
Company shall pay Employee an amount equal to the per share cash dividend paid by the Company on its common stock on such date multiplied by the total number of outstanding and unpaid Restricted Stock Units (including any dividend equivalents
previously credited hereunder) remaining subject to this Award as of the related dividend payment record date. No such payment shall be made with respect to any Restricted Stock Units which, as of such record date, have either been paid pursuant to
Section 7 hereof or terminated pursuant to Section 8 hereof. 
 6. Restrictions on Transfer. Neither the Restricted
Stock Unit Award, nor any interest therein or amount or shares payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily. The transfer restrictions
in the preceding sentence shall not apply to (a) transfers to the Company, or (b) transfers by will or the laws of descent and distribution. 
 7. Timing and Manner of Payment of Restricted Stock Units. On or as soon as administratively practical following each vesting of the applicable portion of the total Award per Section 3 hereof, but
in no event later than 60 days following vesting, the Company shall deliver to the Employee a number of shares of common stock equal to the number of Restricted Stock Units subject to this Award that vest on the applicable vesting date, unless such
Restricted Stock Units terminate prior to the given vesting date pursuant to Section 8 hereof and in any event subject to Section 9 hereof. The Company’s obligation to deliver shares of common stock or otherwise make payment with
respect to the vested Restricted Stock Units shall be subject to the following conditions: 
 (a) at least one year and one day shall have
passed since the Award Date; 
  

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 (b) the Company shall have filed with the Securities and Exchange Commission (the “SEC”)
financial statements for the fiscal years ended September 30, 2006 and 2007 on an Annual Form 10-K; 
 (c) the Company shall have filed
with the SEC its Annual Form 10-K for the fiscal year ended September 30, 2008; 
 (d) the Company shall have filed with the SEC a
registration statement on Form S-8 to register the offer and sale of the common stock underlying the Award; 
 (e) Vitesse common stock
underlying this award must be listed on the NASDAQ Capital Market or such other national securities exchange as described in Section 18 of the Securities Act or in Rule 146 promulgated thereunder; and 
 (f) the Employee or other person entitled under the Plan to receive any shares with respect to the vested Restricted Stock Units shall have delivered to
the Company any representations or other documents or assurances required by the Company. 
 The Employee shall have no further rights with respect to any
Restricted Stock Units that are so paid or that are terminated pursuant to Section 8 hereof. 
 8. Effect of Termination of
Employment. Except as provided in Section 7(e) of the Plan, the Employee’s Restricted Stock Units shall terminate to the extent such units have not become vested prior to the date the Employee is no longer employed by the Company,
regardless of the reason for the termination of the Employee’s employment by the Company, whether with or without cause, voluntarily or involuntarily. If any Restricted Stock Units are terminated hereunder, such unvested, termination Restricted
Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any consideration by the Company and without any other action by the Employee, or the Employee’s beneficiary or personal
representative, as the case may be. 
 9. Adjustments Upon Specified Events. Upon the occurrence of certain events relating to
the Company’s stock contemplated by Section 10 of the Plan, the Committee shall make adjustments if appropriate in the number of Restricted Stock Units and the number and kind of securities that may be issued in respect of the Restricted
Stock Unit Award. The Committee may accelerate payment and vesting of the Restricted Stock Units in such circumstances as it, in its sole discretion, may determine, but in all events, payment shall be made within 60 days of vesting. 
 10. Tax Withholding. Upon any payment of dividend equivalents and/or the distribution of shares of the common stock in respect of the
Restricted Stock Units, the Company shall have the right at its option to (i) require the Employee to pay or provide for payment in cash of the amount of any taxes that the Company may be required to withhold with respect to such payment and/or
distribution, or (ii) deduct from any amount payable to the Employee the amount of any taxes which the Company may be required to withhold with respect to such payment and/or distribution. In any case where a tax is required to be withheld in
connection with the delivery of shares of common stock under this Award Agreement, the Committee may, in its sole discretion, direct the Company to 

  

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reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued at their then Fair Market Value (as
determined pursuant to the Plan), to satisfy such withholding obligation. 
 11. Notices. Any notice to be given under the
terms of this Agreement shall be in writing and addressed to the Company at its principal office to the attention of the Secretary, and to the Employee at the Employee’s last address reflected on the Company’s records, or at such other
address as either party may hereafter designate in writing to the other. Any such notice shall be given only when received, but if the Employee is no longer an employee of the Company, shall be deemed to have been duly given by the Company when
enclosed in a properly sealed envelope addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or branch post office regularly maintained by the United States Government.

 12. Plan. The Award and all rights of the Employee under this Agreement are subject to, and the Employee agrees to be bound
by, all of the terms and conditions of the provisions of the Plan, incorporated herein by reference. In the event of a conflict or inconsistency between the terms and conditions of this Agreement and of the Plan, the terms and conditions of the Plan
shall govern. The Employee agrees to be bound by the terms of the Plan and this Agreement. The Employee acknowledges having read and understanding the Plan and this Agreement. Unless otherwise expressly provided in other sections of this Agreement,
provisions of the Plan that confer discretionary authority on the Committee do not (and shall not be deemed to) create any rights in the Employee unless such rights are expressly set forth herein or are otherwise in the sole discretion of the
Committee so conferred by appropriate action of the Committee under the Plan after the date hereof. 
 13. Entire
Agreement. This Agreement and the Plan together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Award
Agreement may be amended pursuant to Section 12 of the Plan. Such amendment must be in writing and signed by the Company. The Company may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely
affect the interests of the Employee hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof. 
 14. Limitation on Employee’s Rights. Participation in this Plan confers no rights or interests other than as herein provided. This
Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Employee shall have
only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable in cash, if any, with respect to the Restricted Stock Units, and rights no greater than the right to receive the common stock (or
equivalent value) as a general unsecured creditor with respect to Restricted Stock Units, as and when payable thereunder. 
  

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 15. Counterparts. This Agreement may be executed simultaneously in any number of
counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
 16.
Section Headings. The section headings of this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof. 
 17. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware
without regard to conflict of law principles thereunder. 
 [signatures appear on the following page.] 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by a duly
authorized officer and the Employee has hereunto set his or her hand as of the date and year first above written. 
  

							
	VITESSE SEMICONDUCTOR CORPORATION,	 		 	EMPLOYEE
	a Delaware corporation	 		 	
				
	By:	 	  
	 		 	  

		 		 		 	Signature
	Name:	 	  
	 		 	
				
	Title:	 	  
	 		 	  

		 		 		 	Print Name

  

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