Document:

Exhibit

Exhibit 10.1

WESTELL TECHNOLOGIES, INC.
AMENDMENT NO. 1 TO NON-QUALIFIED STOCK OPTION

THIS STOCK OPTION AMENDMENT is made by and between WESTELL
TECHNOLOGIES, INC. (the "Company") and ______________________________ (the
"Employee") as of the _________ day of _____________________, 20___. 

WHEREAS, the Company previously granted Employee a stock option dated
________________________, __________ (the "Option") pursuant to the Company's
2004 Stock Incentive Plan (the "Plan"); and

WHEREAS, the Company and Employee wish to amend the Option to provide
for accelerated vesting of the Option in the event of a triggering event following a change
in control of the Company.

NOW THEREFORE, for good and valuable consideration which is hereby
acknowledged by the Company and the Employee, the parties hereto agree as follows:

		
	1.
	A new paragraph 6 is added to the Option agreement to read as follows:

    
6.         Change in Control.  

(a)Notwithstanding the provisions of paragraph 2, in the event of a
Triggering Event or a termination of Employee's employment by the Company or one of
its subsidiaries without Cause no more than three months prior to and in anticipation of a
Change in Control, the Employee will become immediately fully vested in the option.

(b)For purposes of this Agreement, "Change in Control", "Triggering Event"
and "Cause" have the following meaning:

(i)A “Change in Control” of the Company shall be deemed to have
occurred as of the first day that any one or more of the following conditions shall have
been satisfied:
(1)the consummation of the purchase by any person, entity or
group of persons, within the meaning of Section 13(d) or 14(d) of the Securities
Exchange Act of 1934, as amended, except the Voting Trust (together with its affiliates)
formed pursuant to the Voting Trust Agreement dated February 23, 1994, as amended,
among Robert C. Penny III and Melvin J. Simon, as co-trustees, and certain members of
the Penny family and the Simon family, of ownership of shares representing more than
50% of the combined voting power of the Company’s voting securities entitled to vote
generally (determined after giving effect to the purchase);

(2)     a reorganization, merger or consolidation of the Company,
in each case, with respect to which persons who were shareholders of the Company
immediately prior to such reorganization, merger or consolidation do not, immediately

 
3
thereafter, own 50% or more of the combined voting power entitled to vote generally of
the Company or the surviving or resulting entity (as the case may be); 

(3)a sale of all or substantially all of the Company’s assets,
except that a Change in Control shall not exist under this clause (C) if the Company or
persons who were shareholders of the Company immediately prior to such sale continue
to collectively own 50% or more of the combined voting power entitled to vote generally
of the acquirer; or 
(4)any other transaction the Administrator, in its sole
discretion, specifies in writing.

(ii)A "Triggering Event" shall be deemed to have occurred as of the
first day that any one or more of the following conditions shall have been satisfied:

(1)the Employee resigns from and terminates his employment
with the Company for Good Reason following a Change in Control by notifying the
Company or its successor within ninety (90) days after the initial occurrence of the event
constituting Good Reason specifying in reasonable detail the basis for the Good Reason.
 
(2)the Company or its successor terminates the Employee’s
employment with the Company without Cause within two years of the date on which a
Change in Control occurred.

(iii)"Good Reason" means that concurrent with or within twelve
months following a Change in Control, the Employee's base salary is reduced or the
Employee’s total compensation and benefits package is materially reduced without the
Employee's written approval, or the Employee's primary duties and responsibilities prior
to the Change in Control are materially reduced or modified in such a way as to be
qualitatively beneath the duties and responsibilities befitting of a person holding a similar
position with a company of comparable size in the Company’s business in the United
States, without the Employee's written approval (other than may arise as a result of the
Company ceasing to be a reporting company under the Exchange Act or ceasing to be
listed on NASDAQ), or the Employee is required, without his consent, to relocate his
principal office to a location, or commence principally working out of another office
located, more than 30 miles from the Company’s office which represented the
Employee’s principal work location.  

(iv)“Cause” means (A) the failure by the Employee to comply with a
particular directive or request from the Board of the Company regarding a matter material
to the Company, and the failure thereafter by the Employee to reasonably address and
remedy such noncompliance within thirty (30) days (or such shorter period as shall be
reasonable or necessary under the circumstances) following the Employee’s receipt of
written notice from the Board confirming the Employee’s noncompliance; (B) the taking
of an action by the Employee regarding a matter material to the Company, which action
the Employee knew at the time the action was taken to be specifically contrary to a
particular directive or request from the Board, (C) the failure by the Employee to comply

with the written policies of the Company regarding a matter material to the Company,
including expenditure authority, and the failure thereafter by the Employee to reasonably
address and remedy such noncompliance within thirty (30) days (or such shorter period
as shall be reasonable or necessary under the circumstances) following the Employee’s
receipt of written notice from the Board confirming the Employee’s noncompliance, but
such opportunity to cure shall not apply if the failure is not curable; (D) the Employee’s
engaging in willful, reckless or grossly negligent conduct or misconduct which, in the
good faith determination of the Company’s Board, is materially injurious to the Company
monetarily or otherwise; (E) the aiding or abetting a competitor or other breach by the
Employee of his fiduciary duties to the Company; (F) a material breach by the Employee
of his obligations of confidentiality or nondisclosure or (if applicable) any breach of the
Employee’s obligations of noncompetition or nonsolicitation under any agreement
between the Employee and the Company; (G) the use or knowing possession by the
Employee of illegal drugs on the premises of the Company; or (H) the Employee is
convicted of, or pleads guilty or no contest to, a felony or a crime involving moral
turpitude.

(c)Solely for purposes of the definitions of “Triggering Event”, “Good
Reason” and "Cause" under this paragraph 6 (and not for purposes of the definition of 
"Change in Control" hereunder), the Company shall be deemed to include any of Westell
Technologies, Inc.'s direct and indirect subsidiary companies and the term Board shall be 
deemed to include the Board of Directors of any such subsidiary.
 
2.Except as expressly amended herein, the Option agreement remains unchanged
and continues in full force and effect.

IN WITNESS WHEREOF, the Company has caused the execution hereof by its
duly authorized officer and Employee has agreed to the terms and conditions of this
option amendment, all as of the date first above written.

WESTELL TECHNOLOGIES, INC.

By______________________________

________________________________
Employee Name

________________________________
Employee SignatureEX-10.1

 Exhibit 10.1 

Cynosure, Inc. 

NON-EQUITY INCENTIVE PLAN 
  

	1.	PURPOSES OF THE PLAN 

 The purposes of the Plan are to advance the interests of the
Company and its stockholders and to motivate and retain executive officers of the Company and its Affiliates to achieve targeted levels of corporate, financial and strategic performance. 

 

	2.	DEFINITIONS 

 2.1. “Affiliate” shall mean any of the
Company’s present or future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Code, and any regulations thereunder, and any other business venture (including, without limitation, partnership, joint venture or
limited liability company) in which the Company has a controlling interest as determined by the Board. 
 2.2.
“Award” shall mean any amount granted to a Participant under the Plan. 
 2.3.
“Board” shall mean the board of directors of the Company. 
 2.4.
“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 

2.5. “Committee” shall mean the Compensation Committee of the Board or any subcommittee thereof formed
by the Compensation Committee to act as the Committee hereunder. 
 2.6. “Company” shall mean
Cynosure, Inc., a Delaware corporation. 
 2.7. “Effective Date” means the effective date specified in
Section 5.9.  
 2.8. “Eligible Employee” means an executive officer of the Company. 

2.9. “Participant” shall mean a person selected to participate in the Plan pursuant to Article 3. 

 2.10. “Performance Measures” shall include but not be limited to one or more of the following performance
measures, which shall be based on the relative or absolute attainment of specified levels of one or any combination of the following, which may be determined pursuant to generally accepted accounting principles (“GAAP”) or on a non-GAAP
basis, as determined by the Committee: net income, earnings before or after discontinued operations, interest, taxes, depreciation and/or amortization, operating profit before or after discontinued operations and/or taxes, sales, sales growth,
earnings growth, cash flow or cash position, gross margins, stock price, market share, return on sales, assets, equity or investment, improvement of financial ratings, achievement of balance sheet or income statement objectives or total stockholder
return. Performance Measures may reflect absolute entity or business unit performance or a relative 

 
comparison to the performance of a peer group of entities or other external measure of the selected performance criteria and may be absolute in their terms or measured against or in relationship
to other companies comparably, similarly or otherwise situated. The Committee may specify that such Performance Measures shall be adjusted to exclude any one or more of (i) extraordinary items, (ii) gains or losses on the dispositions of
discontinued operations, (iii) the cumulative effects of changes in accounting principles, (iv) the writedown of any asset, (vi) fluctuation in foreign currency exchange rates, (vi) charges for restructuring and rationalization
programs and (vii) such other events or items as the Committee determines in its sole discretion. Such Performance Measures: (I) may vary by Participant and may be different for different Awards; or (II) may be particular to a Participant
or the department, branch line of business, subsidiary or other unit in which the Participant works and may cover such period as may be specified by the Committee. 

2.11. “Performance Period” means the Company’s fiscal year or any other period selected by the
Committee. 
 2.12. “Plan” means the Cynosure, Inc. Non-Equity Incentive Plan.  

 

	3.	ELIGIBILITY AND ADMINISTRATION 

 3.1. Administration. 

(a) The Plan shall be administered by the Committee. The Committee shall have full power and authority, subject to the provisions of the Plan
and subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board, to: (i) select the Participants to whom Awards may from time to time be granted hereunder;
(ii) determine the terms and conditions, not inconsistent with the provisions of the Plan, of each Award; (iii) determine the time when Awards will be granted and paid and the Performance Period to which they relate; (iv) determine
the performance goals for Awards for each Participant in respect of each Performance Period based on the Performance Measures and certify the calculation of the amount of the Award payable to each Participant in respect of each Performance Period;
(v) interpret and administer the Plan and any instrument or agreement entered into in connection with the Plan; (vi) correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the
extent that the Committee shall deem desirable to carry it into effect; (vii) establish such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (viii) make any other
determination and take any other action that the Committee deems necessary or desirable for administration of the Plan. The Committee may delegate any ministerial matters to officers or employees of the Company but may not delegate authority or
responsibilities described in the preceding sentence except to the extent ministerial. 
 (b) Decisions of the Committee shall be final,
conclusive and binding on all persons or entities, including the Company, any Affiliate, any Participant and any person claiming any benefit or right under an Award or under the Plan. 

3.2. Eligibility. Participants in the Plan will be selected by the Committee from among the Eligible Employees of the Company
and its Affiliates. If a person becomes eligible to 

  
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participate in the Plan after the Committee has made its initial designation of Participants, such individual may become a Participant if so designated by the Committee. 

 

	4.	AWARDS 

 4.1. Performance Goals. The performance goals for
determining the Award for each Participant for each Performance Period shall be established by the Committee and shall be based on attainment of specified levels of one or any combination of the Performance Measures. 

4.2. Certification. At such time as it shall determine to be appropriate following the conclusion of each Performance
Period, the Committee shall certify the amount of the Award for each Participant for such Performance Period.  
 4.3.
Payment of Awards. The amount of the Award actually paid to a Participant shall be determined by the Committee in its sole discretion based upon the level of attainment of the performance goals for the Performance Period as determined in
accordance with Section 4.1 and such qualitative measures as the Committee shall deem appropriate. The amount paid to a Participant may be less than or more than the amount otherwise payable to the Participant based on attainment of the
performance goals. The amount of the Award determined by the Committee for a Performance Period shall be paid in the Committee’s discretion in cash or, to the extent permissible under a shareholder-approved stock plan of the Company, stock
based awards under such plan. Payment to each Participant shall be made no later than the fifteenth day of the third month following the end of the fiscal year of the Company in which the applicable Performance Period ends. Unless otherwise
determined by the Committee or as otherwise set forth in an agreement between the Company and the Participant, a Participant must be employed by the Company or an Affiliate on the date on which any amount under the Plan is paid in order to be
eligible to receive such payment. 
 4.4. Award Denomination and Amount. An Award may be denominated and
computed based on a stated dollar amount, a percentage of the annual base salary of the Participant receiving such Award or a percentage of an annual bonus pool or Performance Measure established by the Committee subject to achievement of
performance goals. 
  

	5.	MISCELLANEOUS 

 5.1. Term. The Plan will commence as of the
Effective Date. The Plan shall continue in effect until terminated by the Committee. No Awards may be awarded under the Plan after its termination. Termination of the Plan shall not affect any Awards outstanding on the date of termination and such
awards shall continue to be subject to the terms of the Plan notwithstanding its termination.  
 5.2. Amendment and
Termination of the Plan. The Board may, from time to time, alter, amend, suspend or terminate the Plan as it shall deem advisable.  

5.3. Tax Withholding. Whenever payments under the Plan are to be made to a Participant, the Company or an Affiliate may
withhold therefrom, or from any other amounts payable to or in respect of the Participant, an amount sufficient to satisfy any applicable governmental withholding tax requirements related thereto. 

  
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 5.4. Nature of Payments. All Awards made pursuant to the Plan are in
consideration of services performed or to be performed for the Company or an Affiliate, division or business unit of the Company. Any income or gain realized pursuant to Awards under the Plan constitute a special incentive payment to the Participant
and shall not be taken into account, to the extent permissible under applicable law, as compensation for purposes of any of the employee benefit plans of the Company or an Affiliate except as may be determined by the Committee or by the Board or
board of directors of the applicable Affiliate. 
 5.5. Unfunded Status of the Plan. The Plan is intended to
constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a
general creditor of the Company.  
 5.6. Limitation on Rights Conferred Under Plan. Neither the Plan nor any
action taken hereunder will be construed as (i) giving any Participant the right to continue in the employ or service of the Company or any Affiliate, (ii) interfering in any way with the right of the Company or any Affiliate to terminate
any Participant’s employment or service (or to demote or to exclude any Participant from future Awards under the Plan) at any time for any reason (subject to the terms and provisions of any employment or similar agreement with the Participant)
or (iii) giving any Participant any claim or right to be granted any Award under the Plan or to be treated uniformly with other Participants and employees. Except as specifically provided by the Committee, the Company shall not be liable for
the loss of any actual or potential payments related to an Award granted in the event of the termination of employment or service of any Participant. The Plan will not confer on any person other than the Company and the Participant any rights or
remedies thereunder, except as expressly provided in the Plan.  
 5.7. Governing Law. The Plan and all
determinations made and actions taken thereunder, to the extent not otherwise governed by the Code or the laws of the United States, shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws that
might result in the application of the laws of another jurisdiction, and shall be construed accordingly. 
 5.8.
Section 409A. Awards under the Plan are intended to be exempt from or to comply with Section 409A of the Code. To the extent that any Award under the Plan is subject to Section 409A of the Code, the Award shall be granted,
paid or deferred, as applicable, in a manner that will comply with Section 409A of the Code, including Treasury Regulations or other guidance issued with respect thereto, except as otherwise determined by the Committee. Notwithstanding any of
the foregoing, the Company makes no representations or warranty and shall have no liability to the Participant or any other person if any provisions or payments, compensation or other benefits under the Plan are determined to constitute nonqualified
deferred compensation subject to Section 409A of the Code but do not satisfy the provisions thereof. 
 5.9.
Effective Date of Plan. The Plan shall become effective on the date the Plan is approved by the Company’s Board of Directors.  

  
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