Document:

exv10w2

 

Exhibit 10.2

Stratos International, Inc.

2007 Annual Incentive Bonus Plan

ARTICLE 1

Statement of Purpose

     Stratos International, Inc.’s compensation policies are intended to support Stratos’ overall
objective of enhancing stockholder value. In furtherance of this philosophy, the Stratos
International, Inc. 2007 Annual Incentive Bonus Plan is designed to provide incentives for business
performance, reward contributions towards goals consistent with Stratos’ business strategy and
enable Stratos to attract and retain highly qualified executive officers and other key employees.

ARTICLE 2

Definitions

The following terms, unless the context requires otherwise, are defined as follows:

“Bonus” means the incentive compensation payable in cash as determined under Articles 4 and
5 of the Plan.

“Board” means the Stratos Board of Directors.

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

“Committee” means the Compensation Committee of the Board or any successor committee with
responsibility for compensation, or any subcommittee of the Committee to which authority
under this Plan has been delegated by the Committee.

“Company” means Stratos and any of its Subsidiaries that have employees named as
Participants under this Plan.

“Disability” means permanent and total disability as defined in Code Section 22(e)(3)

“Participant” means the key management employees set forth on Exhibit A and any person who
fills a vacancy in any position set forth on Exhibit A.

“Performance Period” means Stratos’ fiscal year ending April 30, 2007.

“Plan” means this 2007 Annual Incentive Bonus Plan, as it may be amended from time to time.

“Retirement” means a termination of employment, after appropriate notice to Stratos, (a) on
or after the earliest permissible retirement date under Stratos’ retirement policies and
procedures or (b) upon such terms and conditions

 

 

approved by the Committee (or the Chief
Executive Officer of Stratos, other than in connection with the Chief Executive Officer’s
Retirement).

“Stratos” means Stratos International, Inc. or any successor to its obligations under this
Plan.

“Subsidiary” means any corporation, partnership, limited liability company, association or
other entity of which securities or other ownership interests representing more than 50% of
the equity or more than 50% of the ordinary voting power or more than 50% of the general
partnership interests are, at the time any determination is being made, directly or
indirectly owned by Stratos.

The terms used in this Plan include the feminine as well as the masculine gender and the plural as
well as the singular, as the context in which they are used requires.

ARTICLE 3

Administration

	3.1	 	General Administration. This Plan shall be administered by the Committee, subject to
such requirements for review and approval by the Board as the Board may establish.
	 
	3.2	 	Administrative Rules. The Committee shall have full power and authority to adopt,
amend and rescind administrative guidelines, rules and regulations pertaining to this Plan and
to interpret this Plan and rule on any questions respecting any of its provisions, terms and
conditions.

	3.3	 	Committee Members Not Liable. None of the Committee, any member of the Committee or
the Chief Executive Officer shall be liable for any action or determination made in good faith
with respect to this Plan or any Bonus amount or payment.

	3.4	 	Decisions Binding. All decisions, actions and interpretations of the Committee
concerning this Plan shall be final and binding on the Company and on all Participants and
other persons claiming rights under this Plan.

ARTICLE 4

Incentive Bonuses

	4.1	 	Bonus Payments. For each component of a Participant’s Bonus, the Bonus amount to be
paid to such Participant under the Plan shall be equal to (i) such Participant’s annual base
salary, times (ii) the target percentage as determined in Section 4.2, times (iii) the
component percentage for such component as determined in Section 4.3, times (iv) the payout
percentage as determined in Section 4.4. The Bonus for the Chief Executive Officer may be
increased or decreased by 10% based upon the Committee’s assessment of the Chief Executive
Officer’s performance. Notwithstanding the foregoing, no Bonuses shall be paid to any
Participant under the Plan unless Stratos has positive net income for the Performance Period,
after accruing

 

 

	 	 	for any applicable Bonus payments, determined under generally accepted account
principals and based on the audited financial statements for the Performance Period.
	 
	4.2	 	Target Percentage. The target percentages established by the Committee for each
Participant for Performance Period are set forth on Exhibit A.
	 
	4.3	 	Component Percentage. Except as otherwise determined by the Committee, component
percentages shall be determined as follows:

Components

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	Management by	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	Objectives (may	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	include one or more	 	 	 	 	 	 	 
	 	 	 	 	Corporate	 	 	goals, totaling the	 	 	Division	 	 	 	 
	 	Participant Category	 	 	Pre-Tax Profits	 	 	following)	 	 	Pre-Tax Profits	 	 	Total	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Chief Executive Officer

	 	 	 	100	%	 	 	 	0	%	 	 	 	0	%	 	 	 	100	%	 
	 	Corporate Executives

	 	 	 	80	%	 	 	 	20	%	 	 	 	0	%	 	 	 	100	%	 
	 	Division Heads

	 	 	 	20	%	 	 	 	20	%	 	 	 	60	%*	 	 	 	100	%	 
	 	Division Executives

	 	 	 	10	%	 	 	 	20	%	 	 	 	70	%	 	 	 	100	%	 
	 

* The Division Pre-Tax Profit component for Division Heads who supervise more than one
division shall be divided between such divisions as set forth on Exhibit A.

	4.4	 	Payout Percentage. The payout percentage shall be equal to 100% for each management
by objectives performance goal, so long as the Participant has met or exceeded 100% of such
management by objectives performance goal, and 0% if less than 100% of such management by
objectives performance goal has been met. The payout percentage for the Corporate Pre-Tax
profits and Division Pre-Tax profits components shall be equal to:

	 	•	 	0% if Corporate Pre-Tax profits and Division Pre-Tax profits, as
applicable, are less than 75% of budget,
	 
	 	•	 	50% if Corporate Pre-Tax profits and Division Pre-Tax profits, as
applicable, are 75% of budget, and
	 
	 	•	 	200% if Corporate Pre-Tax profits and Division Pre-Tax profits, as
applicable, are 150% or more of budget.

For Corporate Pre-Tax profits and Division Pre-Tax Profits between 75% and 150% of budget,
the payout percentage shall be interpolated on a sliding scale, so that, for example, if
Corporate Pre-Tax profits are 100% of budget, then the applicable payout percentage shall
be equal to 100%. The Committee may adjust

 

 

the applicable budget targets at any time in
the event of in the event of a merger, acquisition, divestiture, recapitalization or other
significant transaction or event.

	4.5	 	Corporate and Division Pre-Tax Profits. Corporate Pre-Tax profits shall mean
Stratos’ pre-tax net income, determined under generally accepted accounting principals and
based on Stratos’ audited financial statements for the Performance Period, and Division
Pre-Tax profits shall mean the pre-tax net income of a division of Stratos, determined under
generally accepted accounting principals and based on information included in Stratos’ audited
financial statements for the Performance Period.

	4.6	 	Management by Objectives. The Chief Executive Officer shall establish written
management by objectives performance goals for each Participant (other than the Chief
Executive Officer) within 30 days of the adoption of this Plan.

	4.7	 	Performance Evaluation. Within a reasonable time after the close of the Performance
Period, the Chief Executive Officer shall determine (i) whether Stratos has positive net
income for the Performance Period, after accruing for any applicable Bonus payments,
determined under generally accepted account principals and based on the audited financial
statements for the Performance Period, (ii) Corporate Pre-Tax profits and Division Pre-Tax
profits for the Performance Period, (iii) whether any applicable management by objectives
performance goals established for each Participant for the Performance Period have been met,
and (iv) the amount of any Bonus amounts payable to Participants other than the Chief
Executive Officer. Within a reasonable period of time after the close of the Performance
Period, the Committee shall make a final determination of any Bonus amount payable to the
Chief Executive Officer.

	4.8	 	Payment of the Bonus. As soon as practicable after the Chief Executive Officer’s and
the Committee’s determinations under Section 4.7, the Company shall pay any applicable Bonus
amounts to the Participants. The target timing for the payments under the Plan shall be on or
before the 30th day after completion of the audit of Stratos’ financial statements
for the Performance Period. Stratos shall have the right to deduct from any Bonus, any
applicable federal, foreign, state and local income and employment taxes, and any other
amounts that Stratos is otherwise required to deduct.

ARTICLE 5

Eligibility for Payments

	5.1	 	Employment through the Payment Date Required. Except as otherwise set forth in this
Article 5 or as otherwise expressly provided by the Committee, a Participant shall be eligible
to receive a Bonus for a Performance Period only if such Participant is employed by the
Company continuously from the beginning of the Performance Period until the payment of the
Bonus as provided in Section 4.8. A Participant shall be deemed to be no longer employed by
the Company upon the occurrence of a transaction by which the entity employing such
Participant ceases to be a Subsidiary of Stratos.

 

 

	5.2	 	Leave of Absence. Under Section 5.1, a leave of absence that lasts less than three
months and that is approved in accordance with applicable Company policies is not a break in
continuous employment. In the case of a leave of absence of three months or longer, the Chief
Executive Officer shall determine whether the leave of absence constitutes a break in
continuous employment. If a Participant is on a leave of absence on the date that payment of
the Bonus is to be made, the Chief Executive Officer may require that the Participant return
to active employment with the Company for a period of time after the end of the leave of
absence as a condition of receiving the Bonus payment. Any determination as to a Participant’s
eligibility for a Bonus or payment under this Section 5.2 may be deferred for a reasonable
period after such Participant’s return to active employment.

	5.3	 	Pro Rata Payments. The Chief Executive Officer may determine, in his sole
discretion, that a Bonus will be payable pro-rata for a key employee who either (1) becomes a
Participant due to commencement of his employment or his promotion during the Performance
Period, or (2) terminates employment with Stratos during the Performance Period due to death,
Retirement or Disability. In addition, the Chief Executive Officer may determine, in his sole
discretion, to alter a Participant’s potential Bonus as a result of a promotion of Participant
during the Participation Period (and may provide that such Participant’s Bonus will be pro
rated between two or more levels). Notwithstanding the foregoing, any action by the Chief
Executive Officer pursuant to this Section 5.3 shall not increase the overall cost of the Plan
above the totals set forth on Exhibit A.

ARTICLE 6

Amendments; Termination

     This Plan may be amended or terminated by the Board or the Committee at any time. All
amendments to this Plan, including an amendment to terminate this Plan, shall be in writing. After
payment of any Bonus amounts, a Participant’s rights with respect to such Bonus payments may not be
abridged by any amendment, modification or termination of this Plan without such Participant’s
individual consent.

ARTICLE 7

Other Provisions

	7.1	 	Duration of the Plan. This Plan shall remain in effect until all Bonuses made under
this Plan have been paid or forfeited under the terms of this Plan. A Participant in this
Plan and shall continue to be a Participant until any Bonus owed to such Participant under the
terms of this Plan has been paid or forfeited under the terms of this Plan.

	7.2	 	Bonuses Not Assignable. No Bonus or any right thereto shall be assignable or
transferable by a Participant. Any other attempted assignment or alienation shall be void and
of no force or effect.

 

 

	7.3	 	Participant’s Rights. The right of any Participant to receive any Bonus payments
pursuant to the provisions of this Plan shall be an unsecured claim against the general assets
of Stratos. This Plan shall not create, nor be construed in any manner as having created, any
right by a Participant to any bonus or other payments (other than the Bonus) as a result of
such Participant’s participation in this Plan. Moreover, this Plan imposes no obligation for
uniform treatment of Participants under this Plan.
	 
	7.4	 	Termination of Employment. Stratos retains the right to terminate the employment of
any Participant or other employee at any time for any reason or no reason, and any payments or
rights under this Plan are not, and shall not be construed in any manner to be, a waiver of
such right to terminate employment.
	 
	7.5	 	Exclusion from Benefits. Bonuses under this Plan shall not constitute compensation
for the purpose of determining participation or benefits under any other plan of Stratos
unless specifically included as compensation in such other plan. Notwithstanding anything to
the contrary contained herein, Stratos may provide employer contributions, including direct or
matching contributions, pursuant to its 401(k) plan in connection with Bonuses awarded to
Participants pursuant to this Plan.
	 
	7.6	 	Successors. Any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of Stratos’ business or assets, shall
assume Stratos’ liabilities under this Plan and perform any duties and responsibilities in the
same manner and to the same extent that Stratos would be required to perform if no such
succession had taken place.
	 
	7.7	 	Law Governing Construction. The construction and administration of this Plan and all
questions pertaining thereto shall be governed by the laws of the State of Illinois, except to
the extent that such law is preempted by federal law.
	 
	7.8	 	Headings Not a Part Hereto. Any headings preceding the text of the several Articles,
Sections, subsections, or paragraphs of this Plan are inserted solely for convenience of
reference and shall not constitute a part of this Plan, nor shall they affect its meaning,
construction or effect.
	 
	7.9	 	Severability of Provisions. If any provision of this Plan is determined to be void by
any court of competent jurisdiction, this Plan shall continue to operate and, for the purposes
of the jurisdiction of the court only, shall be deemed not to include the provision determined
to be void.

Adopted by the Compensation Committee of Stratos International, Inc. on April 21, 2006.exv10w3

 

Exhibit 10.3

STRATOS INTERNATIONAL INC.

RESTRICTED STOCK AWARD AGREEMENT

(EMPLOYEE AWARD)

     This
agreement dated as of ___ (the “Award Agreement”), is entered into by and between
Stratos International Inc., a Delaware corporation (the
“Company”), and ___ (the “Grantee”). All capitalized terms used and not otherwise defined herein shall have the meanings
ascribed to them by the Stratos Lightwave, Inc. 2003 Stock Plan (the “Plan”).

     1. General. The purpose of the Plan is to provide selected officers, directors,
employees and others performing services to the Company or any Subsidiary or Affiliate with
additional incentive to promote the success of the Company’s business, encourage such persons to
remain in the service of the Company and enable such persons to acquire proprietary interests in
the Company. Shares of Restricted Stock are granted under this Award Agreement as of
___ (the “Award Date”) subject to all of the terms of this Award Agreement and
pursuant to and subject to all of the provisions of the Plan applicable to Restricted Stock granted
pursuant to Article 8 of the Plan, which provisions are, unless otherwise provided herein,
incorporated by reference and made a part hereof to the same extent as if set forth in their
entirety herein, and to such other terms necessary or appropriate to the grant hereof having been
made. A copy of the Plan is on file in the offices of the Company.

     2. Grant. Effective as of the Award Date, the Company hereby grants to the Grantee a
total of ___ shares of Restricted Stock (the “Restricted Shares”), subject to the
restrictions set forth in Section 3 hereof and the Plan. If the Grantee does not execute and
deliver a signed copy of this Award Agreement to the Secretary of the Company prior to the close of
business on May 30, 2006, the Restricted Shares shall be immediately forfeited and this Award
Agreement shall terminate and have no effect.

     3. Restrictions.

	 	(a)	 	None of the Restricted Shares may be sold, transferred, pledged, hypothecated
or otherwise encumbered or disposed of until they have vested in accordance with
Section 6 of this Award Agreement.
	 
	 	(b)	 	Any Restricted Shares that are not vested shall be forfeited to the Company
immediately upon termination of the Grantee’s employment with the Company and all of
its Subsidiaries and Affiliates.

     4. Stock Certificates. Each stock certificate evidencing any Restricted Shares shall
contain such legends and stock transfer instructions or limitations as may be determined or
authorized by the Committee in its sole discretion; and the Company may, in its sole discretion,
retain custody of any such certificate throughout the period during which any restrictions are in

 

effect and require, as a condition to issuing any such certificate, that the Grantee tender to the
Company a stock power duly executed in blank relating thereto.

     5. Rights as Stockholder. The Grantee shall have no rights as a stockholder with
respect to any Restricted Shares until a stock certificate for the shares is issued in Grantee’s
name. Once any such stock certificate is issued in Grantee’s name, the Grantee shall be entitled
to all rights associated with ownership of the Restricted Shares, except that the Restricted Shares
will remain subject to the restrictions set forth in Section 3 hereof and if any additional shares
of Common Stock become issuable on the basis of such Restricted Shares (e.g., a stock dividend),
any such additional shares shall be subject to the same restrictions as the shares of Restricted
Shares to which they relate.

     6. Vesting. Except as otherwise provided in Sections 6(a), 6(b), 6(c) and 6(d), the
Restricted Shares granted hereunder shall become vested on the fourth anniversary of the Award Date
if the Grantee continues to be employed by the Company (or a Subsidiary or Affiliate thereof)
through such date.

	 	(a)	 	Up to fifty percent (50%) of the Restricted Shares shall become vested prior to
the fourth anniversary of the Award Date based on the extent to which the Company’s
Revenue for a fiscal year (commencing with the fiscal year ending April 30, 2007)
exceeds the Company’s Revenue for the immediately preceding fiscal year. If the
Grantee continues to be employed by the Company (or a Subsidiary or Affiliate thereof)
through the last day of a fiscal year (commencing with the fiscal year ending April 30,
2007) and the Revenue reported by the Company for such fiscal year exceeds the
Company’s Revenue for the immediately preceding fiscal year, then the Restricted Shares
shall thereupon become immediately vested pursuant to the following schedule:

	 	 	 	 	 	 	 
	 
	 	Fiscal Year Revenue as a	 	 	Percentage of Restricted Shares	 
	 	Percentage of Previous Fiscal	 	 	Subject to Accelerated Vesting	 
	 	Year Revenue	 	 	 	 	 
	 
	 	109.9% or less	 	 	 	  0%	
	 
	 	110%	 	 	 	10%	
	 
	 	120%	 	 	 	20%	
	 
	 	130%	 	 	 	30%	
	 
	 	140%	 	 	 	40%	
	 
	 	150% or more	 	 	 	50%	
	 

	 	 	 	If the actual Revenue for a fiscal year is at least 110% and less than 150% of the
Company’s Revenue for the previous fiscal year and is not set forth above, the
percentage of Restricted Shares subject to accelerated vesting shall be determined
by interpolating the percentages set forth above on a straight line basis. For
purposes of the Plan, the Company’s “Revenue” shall mean the Company’s gross revenue
as determined by the Committee and set forth in the audited consolidated financial
statements of the Company, prepared in accordance with generally accepted accounting
principles (“GAAP”). The Committee, in its sole discretion, may adjust the Revenue
targets set forth herein to take into account any unusual 

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	 	 	 	or nonrecurring events
affecting the Company or any Subsidiary or Affiliate or the financial statements of
the Company or any Subsidiary or Affiliate, including without limitation any
acquisitions or dispositions, and any changes in applicable laws, regulations or
accounting principles.
	 	(b)	 	Up to fifty percent (50%) of the Restricted Shares shall become vested prior to
the fourth anniversary of the Award Date based on the extent to which Net Income target
levels set forth below are achieved after the Company’s 2006 fiscal year. If the
Grantee continues to be employed by the Company (or a Subsidiary or Affiliate thereof)
through the last day of a fiscal year (commencing with the fiscal year ended April 30,
2007) and the Net Income reported by the Company for such fiscal year exceeds the
target levels set forth below, then Restricted Shares shall thereupon become
immediately vested pursuant to the following schedule:

	 	 	 	 	 	 
	 
	Fiscal Year	 	 	Percentage of Restricted Shares	 
	Net Income	 	 	Subject to Accelerated Vesting	 
	 
	Less than Budget	 	 	0%	
	 
	Budget	 	 	10%	
	 
	Budget plus $2 million	 	 	20%	
	 
	Budget plus $4 million	 	 	30%	
	 
	Budget plus $6 million	 	 	40%	
	 
	Budget plus $8 million or more	 	 	50%	
	 

	 	 	 	If the actual Net Income for a fiscal year is at least $3 million and is less than
$11 million and is not set forth above, the percentage of Restricted Shares subject
to accelerated vesting shall be determined by interpolating the percentages set
forth above on a straight line basis. For purposes of this Agreement, “Net Income”
shall mean the Company’s net income as determined by the Committee and set forth in
the audited financial statements of the Company, prepared in accordance with GAAP.
The Committee, in its sole discretion, may adjust the Net Income targets set forth
herein to take into account any unusual or nonrecurring events affecting the Company
or any Subsidiary or Affiliate or the financial statements of the Company or any
Subsidiary or Affiliate, including without limitation any acquisitions or
dispositions, and any changes in applicable laws, regulations or accounting
principles.
	 
	 	(c)	 	All Restricted Shares shall become immediately vested upon a Change of Control,
as defined in the Plan.

     7. Other Terms and Conditions. The Committee shall have the discretion to determine
such other terms and provisions hereof as stated in the Plan.

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     8. Applicable Law. The validity, construction, interpretation and enforceability of
this Award Agreement shall be determined and governed by the laws of the State of Illinois without
regard to any conflicts or choice of law rules or principles that might otherwise refer
construction or interpretation of this Award Agreement to the substantive law of another
jurisdiction, and any litigation arising out of this Award Agreement shall be brought in the
Circuit Court of the State of Illinois or the United States District Court of the Eastern Division
of the Northern District of Illinois and the Grantee consents to the jurisdiction and venue of
those courts.

     9. Severability. The provisions of this Award Agreement are severable and if any one
or more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part,
the remaining provisions, and any partially unenforceable provision to the extent enforceable in
any jurisdiction, shall nevertheless be binding and enforceable.

     10. Waiver. The waiver by the Company of a breach of any provision of this Award
Agreement by Grantee shall not operate or be construed as a waiver of any subsequent breach by
Grantee.

     11. Binding Effect. The provisions of this Award Agreement shall be binding upon the
parties hereto, their successors and assigns, including, without limitation, the Company, its
successors or assigns, the estate of the Grantee and the executors, administrators or trustees of
such estate and any receiver, trustee in bankruptcy or representative of the creditors of the
Grantee.

     12. Withholding. Grantee agrees, as a condition of this grant, to make acceptable
arrangements to pay any withholding or other taxes that may be due as a result of the vesting of
the Restricted Shares acquired under this grant. In the event that the Company determines that any
federal, state, local or foreign tax or withholding payment is required relating to the vesting of
shares arising from this grant, the Company shall have the right to require such payments from
Grantee, or withhold such amounts from other payments due Grantee from the Company or any
Subsidiary or Affiliate.

     13. Section 83(b) Election. Under Section 83 of the Internal Revenue Code of 1986, as
amended (the “Code”), the difference between the purchase price paid by the Grantee for the
Restricted Shares, if any, and the fair market value of the Restricted Shares on the date
Restricted Shares vest they will be reportable as ordinary income at that time. The parties
acknowledge and agree that Grantee did not elect to be taxed on the Award Date with respect to
Restricted Shares (rather than on the date when such shares vest) by filing an election under
Section 83(b) of the Code with the Internal Revenue Service within 30 days after the Award Date.
As a result, Grantee may recognize ordinary income as the forfeiture restrictions lapse and the
Restricted Shares vest.

     14. No Retention Rights. Nothing herein contained shall confer on the Grantee any
right with respect to continuation of employment by the Company or its Subsidiaries or Affiliates,
or interfere with the right of the Company or its Subsidiaries or Affiliates to terminate at any
time the employment of the Grantee.

-4-

 

     15. Construction. This Award Agreement is subject to and shall be construed in
accordance with the Plan, the terms of which are explicitly made applicable hereto. Unless
otherwise defined herein, capitalized terms in this Award Agreement shall have the same definitions
as set forth in the Plan. Except as otherwise specifically set forth in the Award Agreement, the
provisions of the Plan shall govern.

     16. Special Terms Relating to Severance Plan or Agreement. The Company and the
Grantee hereby acknowledge and agree that as a condition to the grant of the Restricted Shares set
forth in this Award Agreement, and notwithstanding the terms of any severance, management
retention, change of control or other plan or agreement pursuant to which the Grantee is a party, a
participant or otherwise has any rights (a “Severance Plan”):

	 	(a)	 	the vesting of the Restricted Shares shall not accelerate pursuant to the terms
of any Severance Plan on account of any change of control that is deemed to have
occurred prior to the Award Date, including the merger of Sleeping Bear Merger Corp., a
Delaware corporation and direct wholly owned subsidiary of the Company, into Sterling
Holding Company, a Delaware corporation, or any termination of the Grantee’s employment
following such change of control; and
	 
	 	(b)	 	as of the Award Date, no event has occurred and no circumstances exist that
would entitle the Grantee to terminate employment with the Company (or any Subsidiary
or Affiliate) for “Good Reason,” within the meaning of any Severance Plan, following
any change of control that is deemed to have occurred prior to the Award Date pursuant
to the terms of such Severance Plan.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	GRANTEE

	 	Stratos International, Inc.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Its:	 	 
	 

	 	 	 	 

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