Document:

exv4w2

 

Exhibit 4.2

VOCUS, INC.

AMENDED AND RESTATED BYLAWS

 

December 9, 2005

 

 

AMENDED AND RESTATED

BYLAWS OF

VOCUS, INC.

ARTICLE I

Offices

     SECTION 1. Registered Office. The registered office of the Corporation in the State
of Delaware shall be located at 1209 Orange Street, City of Wilmington, County of New Castle. The
name of its registered agent at such address is The Corporation Trust Company. The registered
office and/or registered agent of the Corporation may be changed from time to time by action of the
Board of Directors.

     SECTION 2. Other Offices. The Corporation may have an office or offices other than
said registered office at such place or places, either within or without the State of Delaware, as
the Board of Directors shall from time to time determine or the business of the Corporation may
require.

ARTICLE II

Meetings of Stockholders

     SECTION 1. Place of Meetings. All meetings of the stockholders for the election of
directors or for any other purpose shall be held at any such place, either within or without the
State of Delaware, as shall be designated from time to time by the Board of Directors and stated in
the notice of meeting or in a duly executed waiver thereof.

     SECTION 2. Annual Meeting. An annual meeting of stockholders shall be held each year
and stated in a notice of meeting or in a duly executed waiver thereof. The date, time and place
of such meeting shall be determined by the Chief Executive Officer of the Corporation; provided
that if the Chief Executive Officer does not act, the Board of Directors shall determine the date,
time, and place of such meeting. At such annual meeting, the stockholders shall elect directors to
replace those directors whose terms expire at such annual meeting and transact such other business
as may properly be brought before the meeting.

     SECTION 3. Special Meetings. Special meetings of stockholders may be called for any
purpose in the manner provided in the Fifth Amended and Restated Certificate of Incorporation of
the Corporation (as may be further amended or restated from time to time, the “Certificate of
Incorporation”) and may be held at such time and place, within or without the State of
Delaware, as shall be stated in a notice of meeting or in a duly executed waiver of notice thereof.

     SECTION 4. Notice of Meetings. Except as otherwise expressly required by statute,
written notice of each annual and special meeting of stockholders stating the date, place and hour
of the meeting, and, in the case of a special meeting, the purpose or purposes for which the
meeting is called, shall be given to each stockholder of record entitled to vote thereat not less
than ten (10) nor more than sixty (60) days before the date of the meeting. Business transacted at

 

 

any special meeting of stockholders shall be limited to the purposes stated in the notice.
Notice shall be given personally or by mail and, if by mail, shall be sent in a postage prepaid
envelope, addressed to the stockholder at his address as it appears on the records of the
Corporation. Notice by mail shall be deemed given at the time when the same shall be deposited in
the United States mail, postage prepaid. Notice of any meeting shall not be required to be given
to any person who attends such meeting, except when such person attends the meeting in person or by
proxy for the express purpose of objecting, at the beginning of the meeting, to the transaction of
any business because the meeting is not lawfully called or convened, or who, either before or after
the meeting, shall submit a signed written waiver of notice, in person or by proxy. Neither the
business to be transacted at, nor the purpose of, an annual or special meeting of stockholders need
be specified in any written waiver of notice.

     SECTION 5. List of Stockholders. The officer who has charge of the stock ledger of
the Corporation shall prepare and make, at least ten (10) days before each meeting of stockholders,
a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical
order, showing the address of and the number of shares registered in the name of each stockholder.
Such list shall be open to the examination of any stockholder, for any purpose germane to the
meeting, during ordinary business hours, for a period of at least ten (10) days prior to the
meeting: (a) on a reasonably accessible electronic network, provided that the information required
to gain access to such list is provided with the notice of the meeting, or (b) during ordinary
business hours, at the principal place of business of the Corporation. If the meeting is to be
held at a place, then the list shall be produced and kept at the time and place of the meeting
during the whole time thereof, and may be inspected by any stockholder who is present.

     SECTION 6. Quorum; Adjournments. The holders of a majority of the voting power of the
issued and outstanding stock of the Corporation entitled to vote thereat, present in person or
represented by proxy, shall constitute a quorum for the transaction of business at all meetings of
stockholders, except as otherwise provided by statute or by the Certificate of Incorporation. If,
however, such quorum shall not be present or represented by proxy at any meeting of stockholders,
the stockholders entitled to vote thereat, present in person or represented by proxy, shall have
the power to adjourn the meeting from time to time, without notice other than announcement at the
meeting, until a quorum shall be present or represented by proxy. At such adjourned meeting at
which a quorum shall be present or represented by proxy, any business may be transacted which might
have been transacted at the meeting as originally called. If the adjournment is for more than
thirty (30) days, or, if after adjournment a new record date is set, a notice of the adjourned
meeting shall be given to each stockholder of record entitled to vote at the meeting.

     SECTION 7. Organization. At each meeting of stockholders, the Chairman of the Board,
if one shall have been elected, or, in his absence or if one shall not have been elected, the Chief
Executive Officer shall act as chairman of the meeting. The Secretary or, in his absence or
inability to act, the person whom the chairman of the meeting shall appoint secretary of the
meeting shall act as secretary of the meeting and keep the minutes thereof.

     SECTION 8. Order of Business. The order of business at all meetings of the
stockholders shall be as determined by the chairman of the meeting.

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     SECTION 9. Voting. Except as otherwise provided by the Certificate of Incorporation
(including pursuant to any duly authorized certificate of designation) or the General Corporation
Law of the State of Delaware, each stockholder of the Corporation shall be entitled at each meeting
of stockholders to one (1) vote for each share of capital stock of the Corporation standing in his
name on the record of stockholders of the Corporation:

     (a) on the date fixed pursuant to the provisions of Section 14 of Article II
of these Amended and Restated Bylaws (the “Bylaws”) as the record date for the
determination of the stockholders who shall be entitled to notice of and to vote at such meeting;
or

     (b) if no such record date shall have been so fixed, then at the close of business on the day
immediately before the day on which notice thereof shall be given, or, if notice is waived, at the
close of business on the day immediately before the day on which the meeting is held.

     Each stockholder entitled to vote at any meeting of stockholders may authorize another person
or persons to act for him by a proxy which is in writing or transmitted as permitted by law,
including, without limitation, electronically, via telegram, internet, interactive voice response
system, or other means of electronic transmission executed or authorized by such stockholder or his
attorney-in-fact, but no proxy shall be voted after three (3) years from its date, unless the proxy
provides for a longer period. Any such proxy shall be delivered to the secretary of the meeting at
or prior to the time designated in the order of business for so delivering such proxies. Any proxy
transmitted electronically shall set forth information from which it can be determined by the
secretary of the meeting that such electronic transmission was authorized by the stockholder. When
a quorum is present at any meeting, the vote of the holders of a majority of the voting power of
the issued and outstanding stock of the Corporation entitled to vote thereon, present and voting,
in person or represented by proxy, shall decide any question brought before such meeting, unless
the question is one upon which by express provision of statute or of the Certificate of
Incorporation or of these Bylaws, a different vote is required, in which case such express
provision shall govern and control the decision of such question. Unless required by statute, or
determined by the chairman of the meeting to be advisable, the vote on any question need not be by
ballot. On a vote by ballot, each ballot shall be signed by the stockholder voting, or by his
proxy, if there be such proxy, and shall state the number of shares voted and the number of votes
to which each share is entitled.

     SECTION 10. Inspectors. The Board of Directors may, in advance of any meeting of
stockholders, appoint one or more inspectors to act at such meeting or any adjournment thereof. If
any of the inspectors so appointed shall fail to appear or act, the chairman of the meeting shall,
or if inspectors shall not have been appointed, the chairman of the meeting may, appoint one or
more inspectors. Each inspector, before entering upon the discharge of his duties, shall take and
sign an oath faithfully to execute the duties of inspector at such meeting with strict impartiality
and according to the best of his ability. The inspector(s) shall determine the number of shares of
capital stock of the Corporation outstanding and the voting power of each, the number of shares
represented at the meeting, the existence of a quorum, the validity and effect of proxies, and
shall receive votes, ballots or consents, hear and determine all challenges and questions arising
in connection with the right to vote, count and tabulate all votes, ballots or consents, determine
the results, and do such acts as are proper to conduct the election or vote with fairness to all

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stockholders. On request of the chairman of the meeting, the inspector(s) shall make a report
in writing of any challenge, request or matter determined by him or them and shall execute a
certificate of any fact found by him or them. No director or candidate for the office of director
shall act as an inspector of an election of directors. Inspectors need not be stockholders.

     SECTION 11. Advance Notice Provisions for Election of Directors. Only persons who are
nominated in accordance with the following procedures shall be eligible for election as directors
of the Corporation. Nominations of persons for election to the Board of Directors may be made at
any annual meeting of stockholders, or at any special meeting of stockholders called for the
purpose of electing directors as provided under Section 3 of this Article II, (a)
by or at the direction of the Board of Directors (or any duly authorized committee thereof) or (b)
by any stockholder of the Corporation (i) who is a stockholder of record on the date of the giving
of the notice provided for in this Section 11 and on the record date for the determination
of stockholders entitled to vote at such meeting and (ii) who complies with the notice procedures
set forth in this Section 11.

     In addition to any other applicable requirements, for a nomination to be made by a stockholder
such stockholder must have given timely notice thereof in proper written form to the Secretary of
the Corporation.

     To be timely, a stockholder’s notice to the Secretary must be delivered to or mailed and
received at the principal executive offices of the Corporation (a) in the case of an annual
meeting, not less than ninety (90) days nor more than one hundred twenty (120) days prior to the
date of the anniversary of the previous year’s annual meeting; provided, however, that in the event
the annual meeting is scheduled to be held on a date more than thirty (30) days prior to or delayed
by more than sixty (60) days after such anniversary date, notice by the stockholder in order to be
timely must be so received not earlier than one hundred twenty (120) days prior to such annual
meeting, and not later than the later of the close of business ninety (90) days prior to such
annual meeting or the tenth (10th) day following the day on which notice of the date of such annual
meeting was mailed or public disclosure of the date of such annual meeting was made and (b) in the
case of a special meeting of stockholders called for the purpose of electing directors, not later
than the close of business on the tenth (10th) day following the day on which notice of the date of
the special meeting was mailed or public disclosure of the date of the special meeting was made,
whichever first occurs.

     To be in proper written form, a stockholder’s notice to the Secretary must set forth (a) as to
each person whom the stockholder proposes to nominate for election as a director (i) the name, age,
business address and residence address of the person, (ii) the principal occupation or employment
of the person, (iii) the class or series and number of shares of capital stock of the Corporation
which are owned beneficially or of record by the person and (iv) any other information relating to
the person that would be required to be disclosed in a proxy statement or other filings required to
be made in connection with solicitations of proxies for election of directors pursuant to Section
14 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules
and regulations promulgated thereunder; and (b) as to the stockholder giving the notice (i) the
name and record address of such stockholder, (ii) the class or series and number of shares of
capital stock of the Corporation which are owned beneficially or of record by such stockholder,
(iii) a description of all arrangements or understandings

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between such stockholder and each proposed nominee and any other person or persons (including
their names) pursuant to which the nomination(s) are to be made by such stockholder, (iv) a
representation that such stockholder intends to appear in person or by proxy at the meeting to
nominate the persons named in its notice and (v) any other information relating to such stockholder
that would be required to be disclosed in a proxy statement or other filings required to be made in
connection with solicitations of proxies for election of directors pursuant to Section 14 of the
Exchange Act and the rules and regulations promulgated thereunder. Such notice must be accompanied
by a written consent of each proposed nominee to being named as a nominee and to serve as a
director if elected.

     No person shall be eligible for election as a director of the Corporation unless nominated in
accordance with the procedures set forth in this Section 11. If the chairman of the
meeting determines that a nomination was not made in accordance with the foregoing procedures, the
chairman shall declare to the meeting that the nomination was defective and such defective
nomination shall be disregarded.

     SECTION 12. Advance Notice Provisions for Business to be Transacted at Annual Meeting.
No business may be transacted at an annual meeting of stockholders, other than business that is
either (a) specified in the notice of meeting (or any supplement thereto) given by or at the
direction of the Board of Directors (or any duly authorized committee thereof), (b) otherwise
properly brought before the annual meeting by or at the direction of the Board of Directors (or any
duly authorized committee thereof) or (c) otherwise properly brought before the annual meeting by
any stockholder of the Corporation (i) who is a stockholder of record on the date of the giving of
the notice provided for in this Section 12 and on the record date for the determination of
stockholders entitled to vote at such annual meeting and (ii) who complies with the notice
procedures set forth in this Section 12.

     In addition to any other applicable requirements, for business to be properly brought before
an annual meeting by a stockholder, such stockholder must have given timely notice thereof in
proper written form to the Secretary of the Corporation.

     To be timely, a stockholder’s notice to the Secretary must be delivered to or mailed and
received at the principal executive offices of the Corporation not less than ninety (90) days nor
more than one hundred twenty (120) days prior to the date of the anniversary of the previous year’s
annual meeting; provided, however, that in the event the annual meeting is scheduled to be held on
a date more than thirty (30) days prior to or delayed by more than sixty (60) days after such
anniversary date, notice by the stockholder in order to be timely must be so received not earlier
than one hundred twenty (120) days prior to such annual meeting, and not later than the later of
the close of business ninety (90) days prior to such annual meeting or the tenth (10th) day
following the day on which notice of the date of such annual meeting was mailed or public
disclosure of the date of such annual meeting was made.

     To be in proper written form, a stockholder’s notice to the Secretary must set forth as to
each matter such stockholder proposes to bring before the annual meeting (a) a brief description of
the business desired to be brought before the annual meeting and the reasons for conducting such
business at the annual meeting, (b) the name and record address of such stockholder, (c) the class
or series and number of shares of capital stock of the Corporation which are owned

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beneficially or of record by such stockholder, (d) a description of all arrangements or
understandings between such stockholder and any other person or persons (including their names) in
connection with the proposal of such business by such stockholder and any material interest of such
stockholder in such business and (e) a representation that such stockholder intends to appear in
person or by proxy at the annual meting to bring such business before the meeting.

     No business shall be conducted at the annual meeting of stockholders except business brought
before the annual meeting in accordance with the procedures set forth in this Section 12;
provided, however, that, once business has been properly brought before the annual meeting in
accordance with such procedures, nothing in this Section 12 shall be deemed to preclude
discussion by any stockholder of any such business. If the chairman of an annual meeting
determines that business was not properly brought before the annual meeting in accordance with the
foregoing procedures, the chairman shall declare to the meeting that the business was not properly
brought before the meeting and such business shall not be transacted.

     SECTION 13. Action by Written Consent. Unless restricted by the Certificate of
Incorporation, whenever the vote of stockholders at a meeting thereof is required or permitted to
be taken for or in connection with any corporate action, by any provision of statute or of the
Certificate of Incorporation or of these Bylaws, the meeting and vote of stockholders may be
dispensed with, and the action taken without such meeting and vote, if a consent in writing,
setting forth the action so taken, shall be signed by the holders of the outstanding stock having
not less than the minimum number of votes that would be necessary to authorize or take such action
at a meeting at which all shares of stock of the Corporation entitled to vote thereon were present
and voted. The consent shall be delivered to the Corporation by delivery to its registered office
in the State of Delaware, or the Corporation’s principal place of business, or an officer or agent
of the Corporation having custody of the book or books in which the proceedings of meetings of the
stockholders are recorded. Delivery made to the Corporation’s registered office shall be by hand
or by certified or registered mail, return receipt requested; provided, however, that no consent
delivered by certified or registered mail shall be deemed delivered until such consent is actually
received at the Corporation’s registered office. All consents properly delivered in accordance
with this Section 13 shall be deemed to be recorded when so delivered. No written consent
shall be effective to take the corporate action referred to therein unless, within sixty (60) days
of the earliest dated consent delivered to the Corporation as required by this Section 13,
written consents signed by the holders of a sufficient number of shares to take such corporate
action are so recorded. Prompt notice of the taking of the corporate action without a meeting by
less than unanimous written consent shall be given to those stockholders who have not consented in
writing. Any action taken pursuant to such written consent of the stockholders shall have the same
force and effect as if taken by the stockholders at a meeting thereof.

     SECTION 14. Fixing the Record Date. In order that the Corporation may determine the
stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment
thereof, or entitled to receive payment of any dividend or other distribution or allotment of any
rights, or entitled to exercise any rights in respect of any change, conversion or exchange of
stock or for the purpose of any other lawful action, the Board of Directors may fix, in advance, a
record date, which shall not be more than sixty (60) nor less than ten (10) days before the date of

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such meeting, nor more than sixty (60) days prior to any other action. If no record date is
fixed by the Board of Directors, the record date for determining stockholders entitled to notice of
or to vote at a meeting of stockholders shall be the close of business on the day immediately
before the day on which notice is given, or if notice is waived, at the close of business on the
day immediately before the day on which the meeting is held. A determination of stockholders of
record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment
of the meeting; provided, however, that the Board of Directors may fix a new record date for the
adjourned meeting.

     In order that the Corporation may determine the stockholders entitled to consent to corporate
action in writing without a meeting, the Board of Directors may fix a record date, which record
date shall not precede the date upon which the resolution fixing the record date is adopted by the
Board of Directors, and which date shall not be more than ten (10) days after the date upon which
the resolution fixing the record date is adopted by the Board of Directors. Any stockholder of
record seeking to have the stockholders authorize or take corporate action by written consent
shall, by written notice to the Secretary, request the Board of Directors to fix a record date.
Such notice shall specify the action proposed to be consented to by stockholders. The Board of
Directors shall promptly, but in all events within ten (10) days after the date on which such a
request is received, adopt a resolution fixing the record date. If no record date has been fixed
by the Board of Directors within ten (10) days after the date on which such a request is received,
the record date for determining stockholders entitled to consent to corporate action in writing
without a meeting, when no prior action by the Board of Directors is required by applicable law,
shall be the first date on which a signed written consent setting forth the action taken or
proposed to be taken is delivered to the Corporation. Such delivery to the Corporation shall be
made to its registered office in the State of Delaware, its principal place of business, or any
officer or agent of the Corporation having custody of the book in which proceedings of meetings of
stockholders are recorded, to the attention of the Secretary of the Corporation. Such delivery
shall be by hand or by certified or registered mail, return receipt requested. If no record date
has been fixed by the Board of Directors and prior action by the Board of Directors is required by
applicable law, the record date for determining stockholders entitled to consent to corporate
action in writing without a meeting shall be the close of business on the date on which the Board
of Directors adopts the resolution taking such prior action.

     In the event of delivery to the Corporation of a written consent or written consents
purporting to authorize or take corporate action, and/or related revocation or revocations (each
such written consent and related revocation, individually and collectively, a “Consent”),
the Secretary of the Corporation shall provide for the safekeeping of such Consent and shall as
soon as practicable thereafter conduct such reasonable investigation as the Secretary deems
necessary or appropriate for the purpose of ascertaining the validity of such Consent and all
matters incident thereto, including, without limitation, whether holders of shares having the
requisite voting power to authorize or take the action specified in the Consent have given consent.
If after such investigation the Secretary shall determine that the Consent is sufficient and
valid, that fact shall be certified on the records of the Corporation kept for the purpose of
recording the proceedings of meetings of the stockholders, and the Consent shall be filed in such
records, at which time the Consent shall become effective as stockholder action.

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ARTICLE III

Board of Directors

     SECTION 1. General Powers. The business and affairs of the Corporation shall be
managed by or under the direction of the Board of Directors. The Board of Directors may exercise
all such authority and powers of the Corporation and do all such lawful acts and things as are not
by statute or the Certificate of Incorporation directed or required to be exercised or done by the
stockholders.

     SECTION 2. Number, Election and Term. Subject to any rights of the holders of any
class or series of Preferred Stock to elect additional directors under specified circumstances, the
number of directors which shall constitute the Board of Directors shall be fixed from time to time
by resolution adopted by the affirmative vote of a majority of the total number of directors then
in office. The directors shall be elected by a plurality of the votes of the shares present in
person or represented by proxy at the meeting and entitled to vote in the election of directors;
provided, however, whenever the holders of any class or series of Preferred Stock of the
Corporation are entitled to elect one or more directors pursuant to the provisions of the
Certificate of Incorporation (including pursuant to any duly authorized certificate of
designation), such directors shall be elected by a plurality of the votes of such class or series
of Preferred Stock present in person or represented by proxy at the meeting and entitled to vote in
the election of such directors. The directors shall be elected and shall hold office in the manner
provided in the Certificate of Incorporation.

     SECTION 3. Place of Meetings. Meetings of the Board of Directors shall be held at
such place or places, within or without the State of Delaware, as the Board of Directors may from
time to time determine or as shall be specified in the notice of any such meeting.

     SECTION 4. Regular Meetings. Regular meetings of the Board of Directors shall be held
at such time and place as the Board of Directors may fix. If any day fixed for a regular meeting
shall be a legal holiday at the place where the meeting is to be held, then the meeting which would
otherwise be held on that day shall be held at the same hour on the next business day.

     SECTION 5. Special Meetings. Special meetings of the Board of Directors may be called
by the Chairman of the Board, if one shall have been elected, or by two or more directors of the
Corporation or by the Chief Executive Officer.

     SECTION 6. Notice of Meetings. Notice of regular meetings of the Board of Directors
need not be given except as otherwise required by law or these Bylaws. Notice of each special
meeting of the Board of Directors, and of each regular meeting of the Board of Directors for which
notice shall be required, shall be given by the Secretary as hereinafter provided in this
Section 6, in which notice shall be stated the time and place of the meeting. Except as
otherwise required by these Bylaws, such notice need not state the purposes of such meeting.
Notice of any special meeting, and of any regular or annual meeting for which notice is required,
shall be given to each director at least (a) twenty-four (24) hours before the meeting if by
telephone or by being personally delivered or sent by telex, telecopy, electronic mail or similar
means or (b) five

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(5) days before the meeting if delivered by mail to the director’s residence or usual place of
business. Such notice shall be deemed to be delivered when deposited in the United States mail so
addressed, with postage prepaid, or when transmitted if sent by telex, telecopy, electronic mail or
similar means. Neither the business to be transacted at, nor the purpose of, any special meeting
of the Board of Directors need be specified in the notice or waiver of notice of such meeting. Any
director may waive notice of any meeting by a writing signed by the director entitled to the notice
and filed with the minutes or corporate records.

     SECTION 7. Waiver of Notice and Presumption of Assent. Any member of the Board of
Directors or any committee thereof who is present at a meeting shall be conclusively presumed to
have waived notice of such meeting except when such member attends for the express purpose of
objecting at the beginning of the meeting to the transaction of any business because the meeting is
not lawfully called or convened. Such member shall be conclusively presumed to have assented to
any action taken unless his or her dissent shall be entered in the minutes of the meeting or unless
his or her written dissent to such action shall be filed with the person acting as the secretary of
the meeting before the adjournment thereof or shall be forwarded by registered mail to the
Secretary of the Corporation immediately after the adjournment of the meeting. Such right to
dissent shall not apply to any member who voted in favor of such action.

     SECTION 8. Quorum and Manner of Acting. A majority of the entire Board of Directors
shall constitute a quorum for the transaction of business at any meeting of the Board of Directors,
and, except as otherwise expressly required by statute or the Certificate of Incorporation or these
Bylaws, the act of a majority of the directors present at any meeting at which a quorum is present
shall be the act of the Board of Directors. In the absence of a quorum at any meeting of the Board
of Directors, a majority of the directors present thereat may adjourn such meeting to another time
and place. Notice of the time and place of any such adjourned meeting shall be given to all of the
directors unless such time and place were announced at the meeting at which the adjournment was
taken, in which case such notice shall only be given to the directors who were not present thereat.
At any adjourned meeting at which a quorum is present, any business may be transacted which might
have been transacted at the meeting as originally called. The directors shall act only as a Board
and the individual directors shall have no power as such.

     SECTION 9. Organization. At each meeting of the Board of Directors, the Chairman of
the Board, if one shall have been elected, or, in the absence of the Chairman of the Board or if
one shall not have been elected, the Chief Executive Officer (or, in his absence, another director
chosen by a majority of the directors present) shall act as chairman of the meeting and preside
thereat. The Secretary or, in his absence, any person appointed by the chairman, shall act as
secretary of the meeting and keep the minutes thereof.

     SECTION 10. Resignations; Newly Created Directorships; Vacancies; and Removals. Any
director of the Corporation may resign at any time by giving notice in writing or by electronic
transmission of his resignation to the Corporation. Any such resignation shall take effect at the
time specified therein or, if the time when it shall become effective shall not be specified
therein, immediately upon its receipt. Unless otherwise specified therein, the acceptance of such
resignation shall not be necessary to make it effective. Newly created

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directorships resulting from any increase in the number of directors or any vacancies in the
Board of Directors resulting from death, resignation, retirement, disqualification, removal or any
other cause shall be filled in the manner provided in the Certificate of Incorporation. Any
director may be removed in the manner provided in the Certificate of Incorporation.

     SECTION 11. Compensation. The Board of Directors shall have authority to fix the
compensation, including fees and reimbursement of expenses, of directors for services to the
Corporation in any capacity.

     SECTION 12. Committees. The Board of Directors may, by resolution passed by a
majority of the entire Board of Directors, designate one or more committees, including an executive
committee, each committee to consist of one or more of the directors of the Corporation. The Board
of Directors may designate one or more directors as alternate members of any committee, who may
replace any absent or disqualified member at any meeting of the committee. Except to the extent
restricted by statute or the Certificate of Incorporation, each such committee, to the extent
provided in the resolution creating it, shall have and may exercise all the powers and authority of
the Board of Directors and may authorize the seal of the Corporation to be affixed to all papers
which require it. Each such committee shall serve at the pleasure of the Board of Directors and
have such name as may be determined from time to time by resolution adopted by the Board of
Directors. Each committee shall keep regular minutes of its meetings and report the same to the
Board of Directors.

     SECTION 13. Committee Rules. Each committee of the Board of Directors may fix its own
rules of procedure and shall hold its meetings as provided by such rules, except as may otherwise
be provided by a resolution of the Board of Directors designating such committee. Unless otherwise
provided in such a resolution, the presence of at least a majority of the members of the committee
shall be necessary to constitute a quorum. In the event that a member and that member’s alternate,
if alternates are designated by the Board of Directors as provided in Section 12 of this
Article III, of such committee is or are absent or disqualified, the member or members
thereof present at any meeting and not disqualified from voting, whether or not such member or
members constitute a quorum, may unanimously appoint another member of the Board of Directors to
act at the meeting in place of any such absent or disqualified member.

     SECTION 14. Action by Written Consent. Unless restricted by the Certificate of
Incorporation, any action required or permitted to be taken by the Board of Directors or any
committee thereof may be taken without a meeting if all members of the Board of Directors or such
committee, as the case may be, consent thereto in writing or by electronic transmission, and the
writing or writings are filed with the minutes of the proceedings of the Board of Directors or such
committee, as the case may be. Such filing shall be in paper form if the minutes are maintained in
paper form and shall be in electronic form if the minutes are maintained in electronic form.

     SECTION 15. Telephonic and Other Meetings. Unless restricted by the Certificate of
Incorporation, any one or more members of the Board of Directors or any committee thereof may
participate in a meeting of the Board of Directors or such committee by means of a conference
telephone or other communications equipment by means of which all persons participating in the

-10-

 

meeting can hear each other. Participation by such means shall constitute presence in person
at a meeting.

ARTICLE IV

Officers

     SECTION 1. Number and Qualifications. The officers of the Corporation shall be
elected by the Board of Directors and shall include the Chief Executive Officer, the President, the
Chief Financial Officer, and the Secretary. The Corporation may also have, at the discretion of
the Board of Directors, such other officers as are desired, including a Chairman of the Board, one
or more Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and
such other officers as may be necessary or desirable for the business of the Corporation. In the
event there are two or more Vice Presidents, then one or more may be designated as Executive Vice
President, Senior Vice President, or other similar or dissimilar title. As the time of the
election of officers, the directors may by resolution determine the order of their rank. Any
number of offices may be held by the same person, and no officer except the Chairman of the Board,
if any, need be a director. In its discretion, the Board of Directors may choose not to fill any
office for any period as it may deem advisable, except that the offices of Chief Executive Officer
and Secretary shall be filled as expeditiously as possible.

     SECTION 2. Election and Term of Office. The officers of the Corporation shall be
elected annually by the Board of Directors at its first meeting held after each annual meeting of
stockholders or as soon thereafter as conveniently may be. The Chairman of the Board, if any, and
Chief Executive Officer shall be elected annually by the Board of Directors at the first meeting of
the Board of Directors held after each annual meeting of stockholders or as soon thereafter as is
convenient. Vacancies may be filled or new offices created and filled at any meeting of the Board
of Directors. Each officer shall hold office until his successor shall have been duly elected and
shall have qualified, or until his death, or until he shall have resigned or have been removed, as
hereinafter provided in these Bylaws.

     SECTION 3. Resignations. Any officer of the Corporation may resign at any time by
giving written notice of his resignation to the Corporation. Any such resignation shall take
effect at the time specified therein or, if the time when it shall become effective shall not be
specified therein, immediately upon receipt. Unless otherwise specified therein, the acceptance of
any such resignation shall not be necessary to make it effective.

     SECTION 4. Removal. Any officer of the Corporation may be removed, either with or
without cause, at any time, by the Board of Directors at any meeting thereof.

     SECTION 5. Vacancies. Any vacancy occurring in any office because of death,
resignation, removal, disqualification or otherwise, may be filled by the Board of Directors for
the unexpired portion of the term by the Board of Directors then in office.

     SECTION 6. Compensation. The compensation of the officers of the Corporation for
their services as such officers shall be fixed from time to time by the Board of Directors. An
officer of the Corporation shall not be prevented from receiving compensation by reason of the fact
that he is also a director of the Corporation.

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     SECTION 7. Chairman of the Board. The Chairman of the Board, if such an officer be
elected, shall, if present, preside at all meetings of the Board of Directors and exercise and
perform such other powers and duties as may be from time to time assigned to him by the Board of
Directors or prescribed by these Bylaws. If there is no Chief Executive Officer, the Chairman of
the Board shall in addition be the Chief Executive Officer of the Corporation and shall have the
powers and duties prescribed in Section 8 of this Article IV.

     SECTION 8. Chief Executive Officer. The Chief Executive Officer shall be the chief
executive officer of the Corporation and shall have the powers and perform the duties incident to
that position. He shall, in the absence of the Chairman of the Board, or if a Chairman of the
Board shall not have been elected, preside at each meeting of the Board of Directors or the
stockholders. He shall be an ex-officio member of all committees. Subject to the powers of the
Board of Directors, he shall be in the general and active charge of the entire business and affairs
of the Corporation, including authority over its officers, agents and employees, and shall have
such other duties as may from time to time be assigned to him by the Board of Directors. The Chief
Executive Officer shall see that all orders and resolutions of the Board of Directors are carried
into effect, and execute bonds, mortgages and other contracts requiring a seal under the seal of
the Corporation, except where required or permitted by law to be otherwise signed and executed and
except where the signing and execution thereof shall be expressly delegated by the Board of
Directors to some other officer or agent of the Corporation.

     SECTION 9. President. The President shall be the chief operating officer of the
Corporation. He shall perform all duties incident to the office of President, and be responsible
for the general direction of the operations of the business, reporting to the Chief Executive
Officer, and shall have such other duties as may from time to time be assigned to him by the Board
of Directors or as may be provided in these Bylaws. At the written request of the Chief Executive
Officer, or in his absence or in the event of his inability to act, the President shall perform the
duties of the Chief Executive Officer, and, when so acting, shall have the powers of and be subject
to the restrictions placed upon the Chief Executive Officer in respect of the performance of such
duties.

     SECTION 10. Vice President. Each Vice President shall perform all such duties as from
time to time may be assigned to him by the Board of Directors. At the written request of the
President, or in the absence or disability of the President, the Vice Presidents, in order of their
rank as fixed by the Board of Directors, or if not ranked, the Vice President designated by the
Board of Directors, shall perform the duties of the President, and when so acting shall have all
the powers of and be subject to all the restrictions placed upon the President in respect of the
performance of such duties.

     SECTION 11. Chief Financial Officer. The Chief Financial Officer shall:

     (a) have charge and custody of, and be responsible for, all the funds and securities of the
Corporation;

     (b) keep full and accurate accounts of receipts and disbursements in books belonging to the
Corporation;

-12-

 

     (c) deposit all moneys and other valuables to the credit of the Corporation in such
depositories as may be designated by the Board of Directors or pursuant to its direction;

     (d) receive, and give receipts for, moneys due and payable to the Corporation from any source
whatsoever;

     (e) disburse the funds of the Corporation and supervise the investments of its funds, taking
proper vouchers therefore;

     (f) render to the Board of Directors, whenever the Board of Directors may require, an account
of the financial condition of the Corporation; and

     (g) in general, perform all duties incident to the office of Chief Financial Officer and such
other duties as from time to time may be assigned to him by the Board of Directors.

     The Chief Financial Officer may also be the Treasurer if so determined by the Board of
Directors.

     SECTION 12. Secretary. The Secretary shall:

     (a) keep or cause to be kept in one or more books provided for the purpose, the minutes of all
meetings of the Board of Directors, the committees of the Board of Directors and the stockholders;

     (b) see that all notices are duly given in accordance with the provisions of these Bylaws and
as required by law;

     (c) be custodian of the records and the seal of the Corporation and affix and attest the seal
to all certificates for shares of the Corporation (unless the seal of the Corporation on such
certificates shall be a facsimile, as hereinafter provided) and affix and attest the seal to all
other documents to be executed on behalf of the Corporation under its seal;

     (d) see that the books, reports, statements, certificates and other documents and records
required by law to be kept and filed are properly kept and filed; and

     (e) in general, perform all duties incident to the office of Secretary and such other duties
as from time to time may be assigned to him by the Board of Directors.

     SECTION 13. The Assistant Treasurer. The Assistant Treasurer, or if there shall be
more than one, the Assistant Treasurers in the order determined by the Board of Directors (or, if
there be no such determination, then in the order of their election), shall, in the absence of the
Treasurer or in the event of his inability to act or his failure to act (in violation of a duty to
act or in contravention of direction to act by the Board of Directors), perform the duties and
exercise the powers of the Treasurer and shall perform such other duties as from time to time may
be assigned by the Board of Directors.

-13-

 

     SECTION 14. The Assistant Secretary. The Assistant Secretary, or if there be more
than one, the Assistant Secretaries in the order determined by the Board of Directors (or if there
be no such determination, then in the order of their election), shall, in the absence of the
Secretary or in the event of his inability to act or his failure to act (in violation of a duty to
act or in contravention of direction to act by the Board of Directors), perform the duties and
exercise the powers of the Secretary and shall perform such other duties as from time to time may
be assigned by the Board of Directors.

     SECTION 15. Other Officers, Assistant Officers and Agents. Officers, assistant
officers and agents, if any, other than those whose duties are provided for in these Bylaws, shall
have such authority and perform such duties as may from time to time be prescribed by resolution of
the Board of Directors.

     SECTION 16. Officers’ Bonds or Other Security. If required by the Board of Directors,
any officer of the Corporation shall give a bond or other security for the faithful performance of
his duties, in such amount and with such surety as the Board of Directors may require.

     SECTION 17. Absence or Disability of Officers. In the case of the absence or
disability of any officer of the Corporation and of any person hereby authorized to act in such
officer’s place during such officer’s absence or disability, the Board of Directors may by
resolution delegate the powers and duties of such officer to any other officer or to any director,
or to any other person whom it may select.

ARTICLE V

Stock Certificates and Their Transfer

     SECTION 1. Stock Certificates. The Board of Directors may issue stock certificates,
or may provide by resolution or resolutions that some or all of any or all classes or series of
stock of the Corporation shall be uncertificated shares of stock. Notwithstanding the adoption of
such a resolution by the Board of Directors, every holder of stock represented by a certificate
and, upon request, every holder of uncertificated shares shall be entitled to have a certificate,
signed by, or in the name of the Corporation by, the Chairman of the Board, the Chief Executive
Officer, the President or a Vice-President and by the Chief Financial Officer or an Assistant
Treasurer or the Secretary or an Assistant Secretary of the Corporation, certifying the number of
shares owned by him or her in the Corporation. A certificate representing shares issued by the
Corporation shall, if the Corporation is authorized to issue more than one class or series of
stock, set forth upon the face or back of the certificate, or shall state that the Corporation will
furnish to any stockholder upon request and without charge, a full statement of the designations,
preferences and relative, participating, optional or other special rights of each class of stock or
series thereof and the qualifications, limitations or restrictions of such preferences and/or
rights. The Corporation shall furnish to any holder of uncertificated shares, upon request and
without charge, a full statement of the designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof and the qualifications,
limitations or restrictions of such preferences and/or rights. Any request by a holder for a
certificate shall be in writing and directed to the Secretary of the Corporation.

-14-

 

     SECTION 2. Facsimile Signatures. Any or all of the signatures on a certificate may be
a facsimile, engraved or printed. In case any officer, transfer agent or registrar who has signed
or whose facsimile signature has been placed upon a certificate shall have ceased to be such
officer, transfer agent or registrar before such certificate is issued, it may be issued by the
Corporation with the same effect as if he or she were such officer, transfer agent or registrar at
the date of issue.

     SECTION 3. Lost Certificates. The Board of Directors may direct a new certificate or
certificates to be issued in place of any certificate or certificates theretofore issued by the
Corporation alleged to have been lost, stolen, or destroyed. When authorizing such issue of a new
certificate or certificates, the Board of Directors may, in its discretion and as a condition
precedent to the issuance thereof, require the owner of such lost, stolen, or destroyed certificate
or certificates, or his legal representative, to give the Corporation a bond in such sum as it may
direct sufficient to indemnify it against any claim that may be made against the Corporation on
account of the alleged loss, theft or destruction of any such certificate or the issuance of such
new certificate

     SECTION 4. Transfers of Stock. Upon surrender to the Corporation or the transfer
agent of the Corporation of a certificate for shares duly endorsed or accompanied by proper
evidence of succession, assignment or authority to transfer, it shall be the duty of the
Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate
and record the transaction upon its records; provided, however, that the Corporation shall be
entitled to recognize and enforce any lawful restriction on transfer. Whenever any transfer of
stock shall be made for collateral security, and not absolutely, it shall be so expressed in the
entry of transfer if, when the certificates are presented to the Corporation for transfer, both the
transferor and the transferee request the Corporation to do so.

     SECTION 5. Transfer Agents and Registrars. The Board of Directors may appoint, or
authorize any officer or officers to appoint, one or more transfer agents and one or more
registrars.

     SECTION 6. Regulations. The Board of Directors may make such additional rules and
regulations, not inconsistent with these Bylaws, as it may deem expedient concerning the issue,
transfer and registration of certificates for shares of stock of the Corporation.

     SECTION 7. Registered Stockholders. The Corporation shall be entitled to recognize
the exclusive right of a person registered on its records as the owner of shares of stock to
receive dividends and to vote as such owner, shall be entitled to hold liable for calls and
assessments a person registered on its records as the owner of shares of stock, and shall not be
bound to recognize any equitable or other claim to or interest in such share or shares of stock on
the part of any other person, whether or not it shall have express or other notice thereof, except
as otherwise provided by the laws of Delaware.

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ARTICLE VI

General Provisions

     SECTION 1. Dividends. Subject to the provisions of statutes and the Certificate of
Incorporation, dividends upon the shares of capital stock of the Corporation may be declared by the
Board of Directors at any regular or special meeting. Dividends may be paid in cash, in property
or in shares of stock of the Corporation, unless otherwise provided by statute or the Certificate
of Incorporation.

     SECTION 2. Reserves. Before payment of any dividend, there may be set aside out of
any funds of the Corporation available for dividends such sum or sums as the Board of Directors
may, from time to time, in its absolute discretion, think proper as a reserve or reserves to meet
contingencies, or for equalizing dividends, or for repairing or maintaining any property of the
Corporation or for such other purpose as the Board of Directors may think conducive to the
interests of the Corporation. The Board of Directors may modify or abolish any such reserves in
the manner in which it was created.

     SECTION 3. Seal. The seal of the Corporation shall be in such form as shall be
approved by the Board of Directors, which form may be changed by resolution of the Board of
Directors.

     SECTION 4. Fiscal Year. The fiscal year of the Corporation shall end on December 31
of each fiscal year and may thereafter be changed by resolution of the Board of Directors.

     SECTION 5. Checks, Notes, Drafts, Etc. All checks, notes, drafts or other orders for
the payment of money of the Corporation shall be signed, endorsed or accepted in the name of the
Corporation by such officer, officers, person or persons as from time to time may be designated by
the Board of Directors or by an officer or officers authorized by the Board of Directors to make
such designation.

     SECTION 6. Execution of Contracts, Deeds, Etc. The Board of Directors may authorize
any officer or officers, agent or agents, in the name and on behalf of the Corporation to enter
into or execute and deliver any and all deeds, bonds, mortgages, contracts and other obligations or
instruments, and such authority may be general or confined to specific instances.

     SECTION 7. Loans. The Corporation may lend money to, or guarantee any obligation of,
or otherwise assist any officer or other employee of the Corporation or of its subsidiary,
including any officer or employee who is a director of the Corporation or its subsidiary, whenever,
in the judgment of the directors, such loan, guaranty or assistance may reasonably be expected to
benefit the Corporation. The loan, guaranty or other assistance may be with or without interest,
and may be unsecured, or secured in such manner as the board of Directors shall approve, including,
without limitation, a pledge of shares of stock of the Corporation. Nothing in this section
contained shall be deemed to deny, limit or restrict the powers of guaranty or warranty of the
Corporation at common law or under any statute.

     SECTION 8. Voting of Stock in Other Corporations. Unless otherwise provided by
resolution of the Board of Directors, either the Chairman of the Board or the Chief Executive

-16-

 

Officer may, from time to time, (or may appoint one or more attorneys or agents to) cast the
votes which the Corporation may be entitled to cast as a shareholder or otherwise in any other
corporation, any of whose shares or securities may be held by the Corporation, at meetings of the
holders of the shares or other securities of such other corporation. In the event one or more
attorneys or agents are appointed, the Chairman of the Board or the Chief Executive Officer may
instruct the person or persons so appointed as to the manner of casting such votes or giving such
consent. The Chairman of the Board or the Chief Executive Officer may, or may instruct the
attorneys or agents appointed to, execute or cause to be executed in the name and on behalf of the
Corporation and under its seal or otherwise, such written proxies, consents, waivers or other
instruments as may be necessary or proper in the circumstances.

     SECTION 9. Inspection of Books and Records. Any stockholder of record, in person or
by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have
the right during the usual hours for business to inspect for any proper purpose the Corporation’s
stock ledger, a list of its stockholders, and its other books and records, and to make copies or
extracts therefrom. A proper purpose shall mean any purpose reasonably related to such person’s
interest as a stockholder. In every instance where an attorney or other agent shall be the person
who seeks the right of inspection, the demand under oath shall be accompanied by a power of
attorney or such other writing which authorizes the attorney or other agent to so act on behalf of
the stockholder. The demand under oath shall be directed to the Corporation at its registered
office in the State of Delaware or at its principal place of business.

     SECTION 10. Inconsistency Provisions. In the event that any provision of these Bylaws
is or becomes inconsistent with any provision of the Certificate of Incorporation, the General
Corporation Law of the State of Delaware or any other applicable law, the provision of these Bylaws
shall not be given any effect to the extent of such inconsistency but shall otherwise be given full
force and effect.

ARTICLE VII

Amendments

     These Bylaws may be amended or repealed or new Bylaws adopted only in accordance with Article
V of the Certificate of Incorporation.

-17-exv10w1

 

Exhibit 10.1

INDEMNIFICATION AGREEMENT

     THIS AGREEMENT is made this                      day of                                         , 200___, between Ciena
Corporation, a Delaware corporation (the “Company”), and                                          (the “Indemnitee”),
with respect to the following facts:

          A The Company’s Restated Certificate of Incorporation limits the personal liability of the
Company’s directors to the Company or its stockholders for monetary damages arising from a breach
of fiduciary duty, as provided therein, to the fullest extent permitted by the Delaware General
Corporation Law (the “DGCL”);

          B. The Company’s Restated Certificate of Incorporation and Bylaws require the Company to
indemnify its directors, officers, employees and agents, as provided therein, to the fullest extent
permitted by the DGCL;

          C. The Company’s Restated Certificate of Incorporation provides that Expenses incurred by a
director or officer in defending a civil or criminal action, suit or proceeding may be paid by the
Company as the Board of Directors deems appropriate, provided such director or officer delivers an
undertaking to repay such amount if it shall ultimately be determined that such person is not
entitled to indemnification;

          D. The Company recognizes Indemnitee’s need for protection against personal liability and that
increases in corporate litigation potentially subject the Indemnitee to greater risk in his or her
service of the Company;

          E. In order to induce Indemnitee to serve, or to continue to serve the Company in an effective
manner, the Company wishes to provide the Indemnitee with the benefits contemplated by this
Agreement;

          F. The contractual assurances made herein are supplemental to, and in furtherance of any
indemnification or advancement of Expenses provided in the Company’s Restated Certificate of
Incorporation, Restated Bylaws, or subject to D&O Insurance, if any, obtained by the Company; and

          G. As a result of the provision of such benefits, Indemnitee has agreed to serve or to
continue to serve the Company.

     NOW, THEREFORE, the parties hereto do hereby agree as follows:

          1. Definitions. The following terms, as used herein, shall have the following respective
meanings:

                    a. Beneficial Ownership: shall be determined, and a Person shall be the “Beneficial Owner” of
all securities that such Person is deemed to own beneficially,

 

 

pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended, or any successor rule
or statutory provision (the “Exchange Act”).

               b. A Change in Control: shall be deemed to have occurred if:

               (A) any Person (other than (i) the Company or any Subsidiary, or (ii) any employee
stock ownership or other employee benefit plan of the Company or any Subsidiary or any
trustee of or fiduciary with respect to any such plan when acting in such capacity) is or
becomes, after the date of this Agreement, the Beneficial Owner of 20% or more of the total
voting power of the Voting Shares;

               (B) during any period of two consecutive years, individuals who at the beginning of
such period constitute the Board of Directors of the Company and any new director whose
election or appointment by the Board of Directors or nomination or recommendation 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 either were directors at the beginning of the period or
whose election or nomination for election was previously so approved, cease for any reason
to constitute a majority thereof;

               (C) the stockholders of the Company approve a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation that would result in the
Voting Shares of the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into Voting Shares of the surviving
entity) at least 80% of the total voting power represented by the Voting Shares of the
Company or the surviving entity outstanding;

               (D) the stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of all or substantially
all of the Company’s assets; or

               (E) there is a change in control of a nature that would be required to be reported in
response to Item 5.01 of Form 8-K promulgated under the Exchange Act as that Item is in
effect as of the date hereof or any subsequent Item of Form 8-K that replaces Item 5.01.

               c. Claim: means any threatened, pending or completed action, suit, arbitration or proceeding,
or any formal or informal inquiry or investigation, whether brought by or in the right of the
Company, by a third party or otherwise, that Indemnitee in good faith believes might lead to the
institution of any action, suit, arbitration or proceeding, whether civil, criminal,
administrative, investigative or other, or any appeal therefrom.

               d. D&O Insurance: means any valid directors’ and officers’ liability insurance policy
maintained by the Company for the benefit of the Indemnitee, if any.

               e. Determination: means a determination, and “Determined” means a matter that has been
determined based on the facts known at the time, by: (i) a

 

 

majority vote of a quorum of disinterested directors, or (ii) if a quorum is not obtainable, or
even if obtainable, if a quorum of disinterested directors so directs, by independent legal counsel
in a written opinion, or, in the event there has been a Change in Control, by the Special
Independent Counsel (in a written opinion) selected by Indemnitee as set forth in Section 6, or
(iii) a majority of the disinterested stockholders of the Company, or (iv) a final adjudication by
a court of competent jurisdiction.

                    f. Excluded Claim: means any payment for Losses or Expenses in connection with any Claim:
(i) based upon or attributable to Indemnitee’s gaining in fact any personal profit or personal
advantage to which Indemnitee is not entitled; or (ii) for the return by Indemnitee of any illegal
payments to Indemnitee; or (iii) for an accounting of profits in fact made from the purchase or
sale by Indemnitee of securities of the Company within the meaning of Section 16 of the Exchange
Act, or similar provisions of any state law; or (iv) for acts or omissions not made in good faith
or that result from Indemnitee’s intentional misconduct or knowing violation of law; or (v) the
payment of which by the Company is not permitted by applicable law, including Section 145 of the
DGCL.

                    g. Expenses: means any reasonable expenses incurred by Indemnitee as a result of a Claim or
Claims made against Indemnitee for Indemnifiable Events including, without limitation, attorneys’
fees, retainers, court costs, transcript costs, expert witness fees, administrative costs or fees,
costs relating to the payment of any bond reasonably necessary and all other costs, expenses and
obligations (including reasonable travel expenses) paid or incurred in connection with
investigating, defending, being a witness in or participating in (including on appeal), or
preparing to defend, be a witness in or participate in any Claim relating to any Indemnifiable
Event.

                    h. Fines: means any fine, penalty or, with respect to an employee benefit plan, any excise
tax or penalty assessed with respect thereto.

                    i. Indemnifiable Event: means any event or occurrence, occurring prior to or after the date
of this Agreement, related to the fact that Indemnitee is or was a director, officer, employee,
trustee, agent or fiduciary of the Company, or is or was serving at the request of the Company as a
director, officer, employee, trustee, agent or fiduciary of another corporation, partnership, joint
venture, employee benefit plan, trust or other enterprise, or by reason of anything done or not
done by Indemnitee, including, but not limited to, any breach of duty, neglect, error,
misstatement, misleading statement, omission, or other act done or wrongfully attempted by
Indemnitee, or any of the foregoing alleged by any claimant, in any such capacity.

                    j. Losses: means any amounts or sums that Indemnitee is legally obligated to pay as a result
of a Claim or Claims made against Indemnitee for Indemnifiable Events including, without
limitation, damages, judgments and sums or amounts paid in settlement of a Claim or Claims, and
Fines.

 

 

                    k. Person: means any individual, partnership, corporation, business trust, joint stock
company, trust, unincorporated association, joint venture, governmental authority or other entity
of whatever nature.

                    l. Potential Change in Control: shall be deemed to have occurred if (A) the Company enters
into an agreement, the consummation of which would result in the occurrence of a Change in Control;
(B) any Person publicly announces an intention to take or to consider taking actions which if
consummated would constitute a Change in Control; or (C) the Board of Directors adopts a resolution
to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

                    m. Reviewing Party: means any appropriate person or body consisting of a member or members of
the Company’s Board of Directors or any other person or body appointed by the Board (including the
Special Independent Counsel referred to in Section 6) who is not a party to the particular Claim
for which Indemnitee is seeking indemnification.

                    n. Subsidiary: means any corporation of which a majority of any class of equity or voting
security is owned, directly or indirectly, by the Company.

                    o. Trust: means the trust established pursuant to Section 7 hereof.

                    p. Voting Shares: means any issued and outstanding shares of capital stock of the Company
entitled to vote generally in the election of directors.

          2. Indemnification and Advancement of Expenses.

                    a. In consideration of, and as an inducement to, the Indemnitee’s rendering valuable services
to the Company, the Company agrees that in the event Indemnitee is or becomes a party to or witness
or other participant in, or is threatened to be made a party to or witness or other participant in,
a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company will indemnify
Indemnitee to the fullest extent authorized by law, against any and all Expenses and Losses
(including all interest, assessments and other charges paid or payable in connection with or in
respect of such Expenses and Losses) of such Claim, whether or not such Claim proceeds to judgment
or is settled or otherwise is brought to a final disposition, subject in each case, to the further
provisions of this Agreement.

                    b. In the event Indemnitee is or becomes a party to or witness or other participant in, or is
threatened to be made a party to or witness or other participant in, a Claim by reason of (or
arising in part out of) an Indemnifiable Event, Expenses incurred by Indemnitee shall be paid by
the Company in advance of the final disposition of such action, suit or proceeding. The Company
shall advance Expenses to Indemnitee, on an unsecured and interest free basis, to the fullest
extent authorized by the DGCL.

                    c. Indemnitee undertakes and agrees to reimburse the Company for all Losses and Expenses paid
by the Company in connection with any Claim against

 

 

Indemnitee in the event and only to the extent that a Determination shall have been made by a court
of competent jurisdiction in a decision from which there is no further right to appeal that
Indemnitee is not entitled to be indemnified by the Company for such Losses and Expenses because
the Claim is an Excluded Claim or because Indemnitee is otherwise not entitled to payment under
this Agreement or the DGCL.

          3. Limitations on Indemnification. Notwithstanding the provisions of Section 2, Indemnitee
shall not be indemnified and held harmless from any Losses or Expenses (a) that have been
Determined, as provided herein, to constitute an Excluded Claim; (b) to the extent Indemnitee is
indemnified by the Company and has actually received payment pursuant to the Restated Certificate
of Incorporation, Restated Bylaws, D&O Insurance, or otherwise; or (c) other than pursuant to the
last sentence of Section 4(d) or Section 14, in connection with any Claim initiated by Indemnitee,
unless the Company has joined in or the Board of Directors has authorized such Claim.

          4. Indemnification Procedures.

                    a. Promptly after receipt by Indemnitee of notice of any Claim, Indemnitee shall, if
indemnification with respect thereto may be sought from the Company under this Agreement, notify
the Company of the commencement thereof and Indemnitee agrees further not to make any admission or
effect any settlement with respect to such Claim without the consent of the Company, except any
Claim with respect to which the Indemnitee has undertaken the defense in accordance with the second
to last sentence of Section 4(d).

                    b. If, at the time of the receipt of such notice, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the commencement of the Claim to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all Losses
and Expenses payable as a result of such Claim.

                    c. The Company shall be obligated to pay the Expenses of any Claim in advance of the final
disposition thereof and the Company, if appropriate, shall be entitled to assume the defense of
such Claim, with counsel satisfactory to Indemnitee, upon the delivery to Indemnitee of written
notice of its election so to do. After delivery of such notice, the Company will not be liable to
Indemnitee under this Agreement for any legal or other Expenses subsequently incurred by the
Indemnitee in connection with such defense other than reasonable Expenses of investigation;
provided that Indemnitee shall have the right to employ its counsel in such Claim but the Fees and
Expenses of such counsel incurred after delivery of notice from the Company of its assumption of
such defense shall be at the Indemnitee’s expense; provided further that if: (i) the employment of
counsel by Indemnitee has been previously authorized by the Company; (ii) Indemnitee shall have
reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in
the conduct of any such defense; or (iii) the Company shall not, in fact, have employed counsel to
assume the defense of such action, the reasonable Fees and Expenses of counsel shall be at the
expense of the Company.

 

 

                    d. All payments on account of the Company’s indemnification obligations under this Agreement
shall be made within 60 days of Indemnitee’s written request therefor unless a Determination is
made that the Claims giving rise to Indemnitee’s request are Excluded Claims or otherwise not
payable under this Agreement. All payments on account of the Company’s obligation to pay Expenses
under Section 4(c) of this Agreement prior to the final disposition of any Claim shall be made
within 20 days of Indemnitee’s written request therefor and such obligation shall not be subject to
any such Determination but shall be subject to Section 2(c) of this Agreement. In the event the
Company takes the position that the Indemnitee is not entitled to indemnification in connection
with the proposed settlement of any Claim, the Indemnitee shall have the right at its own expense
to undertake defense of any such Claim, insofar as such proceeding involves Claims against the
Indemnitee, by written notice given to the Company within ten days after the Company has notified
the Indemnitee in writing of its contention that the Indemnitee is not entitled to indemnification.
If it is subsequently determined in connection with such proceeding that the Indemnifiable Events
are not Excluded Claims and that the Indemnitee, therefore, is entitled to be indemnified under the
provisions of Section 2 hereof, the Company shall promptly indemnify the Indemnitee.

          5. Settlement. The Company shall have no obligation to indemnify Indemnitee under this
Agreement for any amounts paid in settlement of any Claim effected without the Company’s prior
written consent. The Company shall not settle any Claim in which it takes the position that
Indemnitee is not entitled to indemnification in connection with such settlement without the
consent of the Indemnitee, nor shall the Company settle any Claim in any manner which would impose
any Fine or any obligation on Indemnitee, without Indemnitee’s written consent. Neither the Company
nor Indemnitee shall unreasonably withhold their consent to any proposed settlement.

          6. Change in Control. The Company and Indemnitee agree that if there is a Change in Control of
the Company (other than a Change in Control that has been approved by a majority of the Company’s
Board of Directors who were directors immediately prior to such Change in Control) then all
Determinations thereafter with respect to the rights of Indemnitee to be paid Losses and Expenses
under this Agreement shall be made only by a special independent counsel (the “Special Independent
Counsel”) selected by Indemnitee and approved by the Company (which approval shall not be
unreasonably withheld) or by a court of competent jurisdiction. The Company shall pay the
reasonable fees of such Special Independent Counsel and shall indemnify such Special Independent
Counsel against any and all reasonable Expenses, claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto. The Company covenants and agrees
that, in the event of a Change in Control, the Company will use its best efforts (i) to have the
obligations of the Company under this Agreement including, but not limited to those under Section
7, expressly assumed by the surviving, purchasing or succeeding entity, or (ii) otherwise to
adequately provide for the satisfaction of the Company’s obligations under this Agreement, in a
manner reasonably acceptable to the Indemnitee.

          7. Establishment of Trust. Upon the earlier of a Potential Change in Control or a Change in
Control, the Company shall, upon written request by Indemnitee, create a trust (the “Trust”) for
the benefit of the Indemnitee and from time to time upon written

 

 

request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Losses
and Expenses which are actually paid or which Indemnitee reasonably determines from time to time
may be payable by the Company under this Agreement. The amount or amounts to be deposited in the
Trust pursuant to the foregoing funding obligation shall be determined by the Reviewing Party, in
any case in which the Special Independent Counsel is involved. The terms of the Trust shall provide
that upon a Change in Control: (i) the Trust shall not be revoked or the principal thereof invaded
without the written consent of the Indemnitee; (ii) the trustee of the Trust shall advance, within
twenty days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the
Indemnitee hereby agrees to reimburse the Trust under the circumstances under which the Indemnitee
would be required to reimburse the Company under Section 4(e) of this Agreement); (iii) the Company
shall continue to fund the Trust from time to time in accordance with the funding obligations set
forth above; (iv) the trustee of the Trust shall promptly pay to the Indemnitee all Losses and
Expenses for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement;
and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by
a court of competent jurisdiction in a final decision from which there is no further right of
appeal that the Indemnitee has been fully indemnified under the terms of this Agreement. The
Trustee of the Trust shall be chosen by the Indemnitee.

          8. No Presumption. For purposes of this Agreement, the termination of any Claim by judgment,
order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo
contendere, or its equivalent, shall not, of itself, create a presumption that Indemnitee did not
meet any particular standard of conduct or have any particular belief or that a court has
determined that indemnification is not permitted by applicable law.

          9. Non-exclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any
other rights Indemnitee may have under the Restated Certificate of Incorporation, the Company’s
Restated Bylaws, the DGCL, any vote of stockholders or disinterested directors or otherwise, both
as to action in the Indemnitee’s official capacity and as to action in any other capacity by
holding such office, and shall continue after the Indemnitee ceases to serve the Company as a
director, officer, employee, agent or fiduciary, for so long as the Indemnitee shall be subject to
any Claim by reason of (or arising in part out of) an Indemnifiable Event. To the extent that a
change in the DGCL (whether by statute or judicial decision) permits greater indemnification by
agreement than would be afforded currently under the Restated Certificate of Incorporation and this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greater benefits so afforded by such change. Subject to the limitations of Section 3 and except as
would cause the Company to violate applicable law, the benefits under this Agreement will be
available to Indemnittee regardless of any amendment to or revocation of the Company’s Restated
Certificate of Incorporation or Restated Bylaws.

          10. Liability Insurance. To the extent the Company maintains D&O Insurance, Indemnitee, if an
officer or director of the Company, shall be covered by such policy or policies, in accordance with
its or their terms, to the maximum extent of the coverage available for any director or officer of
the Company.

 

 

          11. Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall
execute all papers required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the Company effectively to bring suit
to enforce such rights.

          12. Partial Indemnity, Etc. If Indemnitee is entitled under any provision of this Agreement
to indemnification by the Company for some or a portion of the Expenses and Losses of a Claim but
not, however, for all of the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion thereof to which Indemnitee is entitled. Moreover, notwithstanding any
other provision of this Agreement, to the extent that Indemnitee has been successful on the merits
or otherwise in defense of any or all Claims relating in whole or in part to any Indemnifiable
Event or in defense of any issue or matter therein, including dismissal without prejudice,
Indemnitee shall be indemnified against all Expenses incurred in connection therewith. In
connection with any Determination as to whether Indemnitee is entitled to be indemnified hereunder
the burden of proof shall be on the Company to establish that Indemnitee is not so entitled.

          13. Liability of Company. The Indemnitee agrees that neither the stockholders nor the
directors nor any officer, employee, representative or agent of the Company shall be personally
liable for the satisfaction of the Company’s obligations under this Agreement and the Indemnitee
shall look solely to the assets of the Company for satisfaction of any claims hereunder.

          14. Enforcement. Indemnitee’s right to indemnification and other rights under this Agreement
shall be specifically enforceable by Indemnitee only in the state or Federal courts of the States
of Delaware or Maryland and shall be enforceable notwithstanding any adverse Determination by the
Company’s Board of Directors, independent legal counsel, the Special Independent Counsel or the
Company’s stockholders and no such Determination shall create a presumption that Indemnitee is not
entitled to be indemnified hereunder. In any such action the Company shall have the burden of
proving that indemnification is not required under this Agreement. In the event that any action is
instituted by Indemnitee under this Agreement, or to enforce or interpret any of the terms of this
Agreement, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee with respect
to such action, unless the court determines that each of the material assertions made by Indemnitee
as a basis for such action were not made in good faith or were frivolous.

          15. Severability. In the event that any provision of this Agreement is determined by a court
to require the Company to do or to fail to do an act which is in violation of applicable law, such
provision (including any provision within a single section, paragraph or sentence) shall be limited
or modified in its application to the minimum extent necessary to avoid a violation of law, and, as
so limited or modified, such provision and the balance of this Agreement shall be enforceable in
accordance with their terms to the fullest extent permitted by law.

 

 

          16. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of Delaware applicable to agreements made and to be performed entirely within
such State.

          17. Consent to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent
to the jurisdiction of the courts of the States of Delaware and Maryland for all purposes in
connection with any action or proceeding which arises out of or relates to this Agreement and agree
that any action instituted under this Agreement shall be brought only in the state and Federal
courts of the States of Delaware and Maryland.

          18. Notices. All notices, or other communications required or permitted hereunder shall be
sufficiently given for all purposes if in writing and personally delivered, telegraphed, telexed,
sent by facsimile transmission or sent by registered or certified mail, return receipt requested,
with postage prepaid addressed as follows, or to such other address as the parties shall have given
notice of pursuant hereto:

	 	 	 	 	 
	 

	 	If to the Company, to:	 	 
	 
	 	 	 	 
	 

	 	Ciena Corporation

1201 Winterson Road

Linthicum, Maryland 21090

Attention: General Counsel	 	 
	 
	 	 	 	 
	 

	 	If to the Indemnitee, to:	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

          19. Counterparts. This Agreement may be signed in counterparts, each of which shall be an
original and all of which, when taken together, shall constitute one and the same instrument.

          20. Successors and Assigns. This Agreement shall be binding upon all successors and assigns
of the Company, including any direct or indirect successor by purchase, merger, consolidation or
otherwise to all or substantially all of the business and/or assets of the Company. The rights to
indemnification and advancement of Expenses provided herein shall continue as to Indemnitee after
Indemnitee has ceased to be a member of the Board of Directors and/or no longer serves as an
officer of the Company, and shall inure to the benefit of Indemnitee’s successors and assigns,
heirs, executors, administrators, conservators and guardians of Indemnitee.

          21. Amendment; Waiver. No amendment, modification, termination or cancellation of this
Agreement shall be effective unless made in a writing signed by each of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or

 

 

shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such
waiver constitute a continuing waiver.

     IN WITNESS WHEREOF, the Company and Indemnitee have executed this Agreement as of the day and
year first above written.

	 	 	 	 	 	 	 	 	 
	Ciena Corporation	 	 	 	Indemnitee
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:

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