Document:

exv10wc

 

Exhibit 10(c)

CTS CORPORATION

RESTRICTED STOCK UNIT AGREEMENT

     THIS AGREEMENT is made as of the 8th day of June, 2005 (the “Grant Date”) between
CTS CORPORATION, an Indiana corporation (the “Company”), and Donald K. Schwanz (the “Grantee”).

1. Grant. Subject to the terms set forth in this Agreement and in the Company’s 2004
Omnibus Long-Term Incentive Plan (the “Plan”), the Company hereby grants to the Grantee 45,000
Restricted Stock Units (the “Award”). Except as expressly provided herein, capitalized terms used
herein shall have the meaning ascribed to such terms under the Plan.

     It is intended that this Agreement and its administration comply with the provisions of
Section 409A of the Code. Accordingly, notwithstanding any provision in this Agreement or in the
Plan to the contrary, this Agreement and the Plan will be interpreted, applied and, to the minimum
extent necessary to comply with Section 409A of the Code, amended, so that the Agreement does not
fail to meet, and is operated in accordance with, the requirements of paragraphs (2), (3) and (4)
of Section 409A(a) of the Code. As used herein, “Code” means the Internal Revenue Code of 1986 as
amended from time to time, and any interpretations thereof issued by the U.S. Treasury Department
on which the Company is permitted to rely.

2. Vesting and Settlement of Restricted Stock Units. The Award shall vest and become
non-forfeitable in installments as follows:

(i) On June 8, 2006, an amount equal to twenty percent (20%) multiplied by the initial number of
Restricted Stock Units specified in Section 1 of this Agreement;

(ii) On June 8, 2007, an amount equal to twenty percent (20%) multiplied by the initial number of
Restricted Stock Units specified in Section 1 of this Agreement;

(iii) On December 30, 2007, an amount equal to sixty percent (60%) multiplied by the initial number
of Restricted Stock Units specified in Section 1 of this Agreement

(each such date, a “Vesting Date”), provided that the Grantee remains in the continuous employ
of the Company and is an employee of the Company on the Vesting Date.

     Restricted Stock Units shall be settled on the basis of one Share for each vested Restricted
Stock Unit. On the following dates, or as soon thereafter as is reasonably practicable, the
Company shall distribute to the Grantee Shares equal to twenty percent (20%) multiplied by the
number of initial Restricted Stock Units specified in Section 1

 

 

above; June 8, 2006, June 8, 2007, June 8, 2008, June 8, 2009 and June 8, 2010 (each such date
of distribution, a “Settlement Date”). The Company’s obligations to the Grantee with respect to the
Restricted Stock Units will be satisfied in full upon the distribution of Shares corresponding to
such Restricted Stock Units. On the Settlement Date(s), the Company may, at its election, either
(i) credit the number of Shares to be distributed to the Grantee as of that Settlement Date to a
book-entry account in the name of the Grantee held by the Company’s transfer agent; or (ii) credit
the number of Shares to be distributed to the Grantee as of that Settlement Date to a brokerage
account designated by the Grantee. In no event may any Settlement Date be accelerated except in
accordance with Section 409A of the Code.

     Notwithstanding anything to the contrary in this Agreement, upon the first to occur of the
following events, all Restricted Stock Units granted hereunder shall vest and become nonforfeitable
and Shares shall be distributed to the Grantee, estate, guardian or beneficiary of the Grantee as
the case may be, in the settlement of Restricted Stock Units as soon as reasonably practicable, and
such date(s) of distribution shall be deemed to be the Settlement Date(s):

(a) Grantee’s becoming disabled, as defined by Section 409A of the Code;

(b) Grantee’s death;

(c) To the extent permitted by Section 409A of the Code, a change in ownership or effective
control of the Company; or in the ownership of a substantial portion of the assets of the Company;
or

(d) Grantee’s unforeseeable emergency, as defined and not in excess of the amount permitted by
Section 409A of the Code.

     Unless the Committee determines otherwise in its sole discretion, if the Grantee’s employment
with the Company terminates for any reason not specified above, all Restricted Stock Units granted
hereunder which have not vested as of the date of such termination of employment shall be
permanently forfeited on such termination date.

     4. Tax Withholding. The Company shall have the right to deduct from any compensation
due the Grantee from the Company any federal, state, local or foreign taxes required by law to be
withheld in connection with the issuance of Shares or vesting of any Restricted Stock Unit pursuant
to this Agreement. To the extent that the amounts payable to the Grantee are insufficient for such
withholding, it shall be a condition to the issuance of Shares or vesting of the Restricted Stock
Units, as the case may be, that the Grantee shall pay such taxes or make provisions that are
satisfactory to the Company for the payment thereof.

     The Grantee may, at his or her election, pay such withholding taxes in cash or, with respect
to withholding amounts due in connection with a Settlement Date, by having the Company retain
Shares otherwise deliverable on the Settlement Date in an

 

 

amount sufficient to satisfy the amount of tax required to be withheld. The determination of
the number of Shares retained for this purpose shall be based on the Fair Market Value of the
Shares on the Settlement Date. In the event that the retention of Shares to satisfy withholding
taxes would otherwise result in the delivery of a fractional Share, the Company will round down to
the next whole Share and apply the value of the fractional Share to the recipient’s tax obligations
or, in the alternative, the Company may make such other arrangements to avoid the issuance of a
fractional Share as may be permitted by law. No Shares shall be transferred to the Grantee
hereunder until such time as all applicable withholding taxes have been satisfied. Employment tax
withholding shall be calculated based on the Fair Market Value of the Shares on the applicable
Vesting Date and income tax withholding shall be calculated based on the Fair Market Value of the
Shares on the Settlement Date.

     5. Rights Not Conferred. The Grantee shall have none of the rights of a stockholder
with respect to the Restricted Stock Units, including the right to receive dividends or vote stock,
until such time, if any, that Shares are distributed to the Grantee in settlement thereof. The
Grantee is further advised that until distribution, the Company’s obligation will be merely that of
an unfunded and unsecured promise of the Company to deliver Shares in the future, and the rights of
the Grantee will be no greater than that of an unsecured general creditor. No assets of the
Company will be held as collateral security for the obligations of the Company hereunder, and all
assets of the Company will be subject to the claims of the Company’s creditors.

     6. Agreement Not Assignable. This Agreement and the Restricted Stock Units awarded
hereunder are not transferable or assignable by the Grantee; provided that no provision herein
shall prevent the transfer of such Restricted Stock Units or the Shares related thereto by will or
by the laws of descent or distribution in the event of the Grantee’s death.

     7. Adjustments. If and to the extent that the number of Shares shall be increased or
reduced in the event of any merger, reorganization, consolidation, recapitalization, stock
dividend, stock split, reverse stock split, spin-off, combination, repurchase or exchange of Shares
or other securities of the Company, or similar corporate transaction, the number and kinds of
shares subject to the Restricted Stock Units awarded hereunder may be adjusted by the Committee, in
its sole discretion. In the event of any such transaction, the Committee may provide in
substitution for the Restricted Stock Units granted hereunder such alternative consideration as it
may determine to be equitable.

     8. Governing Law. This Agreement shall be construed in accordance with and governed
by the laws of the State of Indiana.

     9. Amendments. Any amendment to the Plan shall be deemed to be an amendment to this
Agreement to the extent that the amendment is applicable hereto; provided, however, that no
amendment to the Plan or the Agreement shall adversely affect the value or number of the Grantee’s
Restricted Stock Units without the Grantee’s

 

 

written consent, except to the extent necessary to comply with the provisions of Section 409A of
the Code.

     10. Administration. The Committee shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation, and application of the
Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and
all interpretations and determinations made by the Committee shall be final and binding upon the
Grantee, the Company and all other interested persons. No member of the Committee shall be
personally liable for any action, determination or interpretation made in good faith with respect
to the Plan or this Agreement.

     11. Severability. If any provision of the Plan or this Agreement is, becomes, or is
deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Plan or
award hereunder under any law deemed applicable by the Committee, such provision shall be construed
or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended
without, in the determination of the Committee, materially altering the purpose or intent of the
Plan or award, such provision shall be stricken as to such jurisdiction or award, and the remainder
of the Plan or Agreement shall be in full force and effect.

     12. Construction. The Restricted Stock Units granted hereunder are being issued
pursuant to Section 10 of the Plan (“Restricted Stock Award”) and are subject to the terms of the
Plan. A copy of the Plan has been given to the Grantee, and additional copies of the Plan are
available upon request during normal business hours at the principal executive offices of the
Company. To the extent that any provision of this Agreement violates or is inconsistent with an
express provision of the Plan, the Plan provision shall govern and any inconsistent provision in
this Agreement shall be of no force or effect.

     13. Binding Effect. This Agreement shall be binding upon the heirs, executors,
administrators and successors of the parties hereto.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day
and year first above written.

	 	 	 
	/s/ Donald K. Schwanz

	 	 
	 	 
	 
	Grantee
	 	 

	 	 	 	 	 
	CTS CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	               /s/
Richard G. Cutter III
	 	 
	 

	 	 	 	 
	 

	 	          Richard G. Cutter III	 	 
	 

	 	          Vice President, General Counsel and Secretary	 	 

 

 

CTS
CORPORATION

RESTRICTED STOCK UNIT AGREEMENT

     THIS AGREEMENT is made as of the ___day of ___, ___(the “Grant Date”) between CTS
CORPORATION, an Indiana corporation (the “Company”), and ___(the “Grantee”).

2. Grant. Subject to the terms set forth in this Agreement and in the Company’s 2004
Omnibus Long-Term Incentive Plan (the “Plan”), the Company hereby grants to the Grantee ___
Restricted Stock Units (the “Award”). Except as expressly provided herein, capitalized terms used
herein shall have the meaning ascribed to such terms under the Plan.

     It is intended that this Agreement and its administration comply with the provisions of
Section 409A of the Code. Accordingly, notwithstanding any provision in this Agreement or in the
Plan to the contrary, this Agreement and the Plan will be interpreted applied and, to the minimum
extent necessary to comply with Section 409A of the Code, amended, so that the Agreement does not
fail to meet, and is operated in accordance with, the requirements of paragraphs (2), (3) and (4)
of Section 409A(a) of the Code. As used herein, “Code” means the Internal Revenue Code of 1986 as
amended from time to time, and any interpretations thereof issued by the U.S. Treasury Department
on which the Company is permitted to rely.

2. Vesting and Settlement of Restricted Stock Units. The Award shall vest and become
non-forfeitable in installments equal to twenty percent (20%) multiplied by the initial number of
Restricted Stock Units specified in Section 1 of this Agreement on each of the following dates;
___, ___, ___, ___, ___(each such date, a “Vesting Date”), provided that the Grantee remains
in the continuous employ of the Company and is an employee of the Company on the Vesting Date.

     Restricted Stock Units shall be settled on the basis of one Share for each vested Restricted
Stock Unit. The Company shall distribute to the Grantee Shares equal to twenty percent (20%)
multiplied by the number of initial Restricted Stock Units specified in Section 1 above, on the
following dates, or as soon thereafter as is reasonably practicable; ___, ___, ___, ___, ___(each
such date of distribution, a “Settlement Date”). The Company’s obligations to the Grantee with
respect to vested Restricted Stock Units will be satisfied in full upon the distribution of one
Share for each Restricted Stock Unit. On the Settlement Date(s), the Company may, at its election,
either (i) credit the number of Shares to be distributed to the Grantee as of that Settlement Date
to a book-entry account in the name of the Grantee held by the Company’s transfer agent; or (ii)
credit the number of Shares to be distributed to the Grantee as of that Settlement Date to a
brokerage account designated by the Grantee. In no event may

 

 

any Settlement Date be accelerated except in accordance with Section 409A of the Code.

     Notwithstanding anything to the contrary in this Agreement, upon the first to occur of the
following events, all Restricted Stock Units granted hereunder shall vest and become nonforfeitable
and Shares shall be distributed to the Grantee, estate, guardian or beneficiary of the Grantee as
the case may be, in the settlement of Restricted Stock Units as soon as reasonably practicable, and
such date(s) of distribution shall be deemed to be the Settlement Date(s):

(a) Grantee’s becoming disabled, as defined by Section 409A of the Code;

(b) Grantee’s death;

(c) To the extent permitted by Section 409A of the Code, a change in ownership or effective
control of the Company; or in the ownership of a substantial portion of the assets of the Company;
or

(d) Grantee’s unforeseeable emergency, as defined and not in excess of the amount permitted by
Section 409A of the Code.

     Unless the Committee determines otherwise in its sole discretion, if the Grantee’s employment
with the Company terminates for any reason not specified above, all Restricted Stock Units granted
hereunder which have not vested as of the date of such termination of employment shall be
permanently forfeited on such termination date.

     4. Tax Withholding. The Company shall have the right to deduct from any compensation
due the Grantee from the Company any federal, state, local or foreign taxes required by law to be
withheld in connection with the issuance of Shares or vesting of any Restricted Stock Unit pursuant
to this Agreement. To the extent that the amounts payable to the Grantee are insufficient for such
withholding, it shall be a condition to the issuance of Shares or vesting of the Restricted Stock
Units, as the case may be, that the Grantee shall pay such taxes or make provisions that are
satisfactory to the Company for the payment thereof.

     The Grantee may, at his or her election, pay such withholding taxes in cash or by having the
Company retain Shares otherwise deliverable on the Settlement Date in an amount sufficient to
satisfy the amount of tax required to be withheld. The determination of the number of Shares
retained for this purpose shall be based on the Fair Market Value of the Shares on the Settlement
Date. In the event that the retention of Shares to satisfy withholding taxes would otherwise result
in the delivery of a fractional Share, the Company will round down to the next whole Share and
apply the value of the fractional Share to the recipient’s tax obligations or, in the alternative,
the Company may make such other arrangements to avoid the issuance of a fractional Share as may be
permitted by law. No Shares shall be transferred to the Grantee hereunder until such time as all
applicable withholding taxes have been satisfied. Employment tax

 

 

withholding shall be calculated based on the Fair Market Value of the Shares on the applicable
Vesting Date and income tax withholding shall be calculated based on the Fair Market Value of the
Shares on the Settlement Date.

     5. Rights Not Conferred. The Grantee shall have none of the rights of a stockholder
with respect to the Restricted Stock Units, including the right to receive dividends or vote stock,
until such time, if any, that Shares are distributed to the Grantee in settlement thereof. The
Grantee is further advised that until distribution, the Company’s obligation will be merely that of
an unfunded and unsecured promise of the Company to deliver Shares in the future, and the rights of
the Grantee will be no greater than that of an unsecured general creditor. No assets of the
Company will be held as collateral security for the obligations of the Company hereunder, and all
assets of the Company will be subject to the claims of the Company’s creditors.

     6. Agreement Not Assignable. This Agreement and the Restricted Stock Units awarded
hereunder are not transferable or assignable by the Grantee; provided that no provision herein
shall prevent the transfer of such Restricted Stock Units or the Shares related thereto by will or
by the laws of descent or distribution in the event of the Grantee’s death.

     7. Adjustments. If and to the extent that the number of Shares shall be increased or
reduced in the event of any merger, reorganization, consolidation, recapitalization, stock
dividend, stock split, reverse stock split, spin-off, combination, repurchase or exchange of Shares
or other securities of the Company, or similar corporate transaction, the number and kinds of
shares subject to the Restricted Stock Units awarded hereunder may be adjusted by the Committee, in
its sole discretion. In the event of any such transaction, the Committee may provide in
substitution for the Restricted Stock Units granted hereunder such alternative consideration as it
may determine to be equitable.

     8. Governing Law. This Agreement shall be construed in accordance with and governed
by the laws of the State of Indiana.

     9. Amendments. Any amendment to the Plan shall be deemed to be an amendment to this
Agreement to the extent that the amendment is applicable hereto; provided, however, that no
amendment to the Plan or the Agreement shall adversely affect the value or number of the Grantee’s
Restricted Stock Units without the Grantee’s written consent, except to the extent necessary to
comply with the provisions of Section 409A of the Code.

     10. Administration. The Committee shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation, and application of the
Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and
all interpretations and determinations made by the Committee shall be final and binding upon the
Grantee, the Company and all other interested persons. No member of the Committee shall be
personally liable for any

 

 

action, determination or interpretation made in good faith with respect to the Plan or this
Agreement.

     11. Severability. If any provision of the Plan or this Agreement is, becomes, or is
deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Plan or
award hereunder under any law deemed applicable by the Committee, such provision shall be construed
or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended
without, in the determination of the Committee, materially altering the purpose or intent of the
Plan or award, such provision shall be stricken as to such jurisdiction or award, and the remainder
of the Plan or Agreement shall be in full force and effect.

     12. Construction. The Restricted Stock Units granted hereunder are being issued
pursuant to Section 10 of the Plan (“Restricted Stock Award”) and are subject to the terms of the
Plan. A copy of the Plan has been given to the Grantee, and additional copies of the Plan are
available upon request during normal business hours at the principal executive offices of the
Company. To the extent that any provision of this Agreement violates or is inconsistent with an
express provision of the Plan, the Plan provision shall govern and any inconsistent provision in
this Agreement shall be of no force or effect.

     13. Binding Effect. This Agreement shall be binding upon the heirs, executors,
administrators and successors of the parties hereto.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day
and year first above written.

	 	 	 	 	 
	 	 	 
	Grantee:	 	 
	 
	 	 	 	 
	CTS CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/Richard G. Cutter III	 	 
	 

	 	 	 	 
	Richard G. Cutter III	 	 
	Vice President, General Counsel	 	 
	and Secretaryexv10w22

 

EXHIBIT 10.22

STRATOS LIGHTWAVE, INC.

STOCK OPTION AWARD AGREEMENT

     This agreement dated as of ___(Award Agreement), is entered into by and between
Stratos Lightwave, Inc., a Delaware corporation (the Company), and ___(the Optionee). 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 attract, retain and reward employees, to
increase stock ownership and identification with the Company’s interests, and to provide incentive
for remaining with and enhancing the value of the Company over the long-term. The options evidenced
by this Award Agreement (Options) are nonqualified options granted as of ___(Award Date)
pursuant to and subject to all of the provisions of the Plan applicable to Options granted pursuant
to Article 6 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. The Company hereby grants to the Optionee Options to purchase a total of
___shares of Common Stock of the Company, exercisable as provided in the vesting schedule set
forth in Section 5 below at ___per share. These Options shall terminate in accordance with
Section 6.01 of the Plan, but generally immediately upon termination for Cause, three months after
the Optionee’s termination of employment for other than Cause, 12 months after the Optionee’s death
or total disability, or 10 years from the Award Date.

     3. Exercise.

	 	(a)	 	Restrictions on Exercise. Notwithstanding anything herein to the
contrary, the Options granted hereunder may not be exercised, either in whole or in
part, until a registration statement (Form S-8) under the Securities Act of 1933 is in
effect with respect to the Plan and the Common Stock issued in connection with Awards
under the Plan.
	 
	 	(b)	 	Exercise Procedure. In order to exercise the Options granted hereunder,
the Optionee must give written notice thereof to the Committee, as designated under the
Plan, at the Company§s corporate headquarters in Chicago, Illinois, in a form approved
by the Committee, specifying the number of shares of Common Stock being purchased.
Such notice must be accompanied by payment of the Option Price for the share or shares
being purchased and this Award Agreement so that appropriate notation can be made
thereon to reflect such exercise. Such payment

 

 

	 	 	 	shall be by cash or check payable to the order of the Company, in an amount equal to
the Option Price of the shares of Common Stock being purchased; provided, however,
that in the discretion of the Committee all or a portion of the Option Price for the
share or shares of Common Stock being purchased may also or alternatively be paid by
the delivery of shares of Common Stock, the aggregate Fair Market Value of which is
equal to the portion of such Option Price being paid by the delivery of shares of
Common Stock. Shares of Common Stock which may be used for payment shall include
shares which were received by the Optionee upon the exercise of one or more Options
and shares which the Optionee directs the Company to withhold, for the purpose of
paying the Option Price, from shares which the Optionee would have received upon the
exercise of one or more Options.

     4. No Other Rights. Nothing herein contained shall confer on the Optionee 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 Optionee, or, except as to shares of Common Stock actually delivered, confer
any rights as stockholder upon the holder hereof.

     5. Vesting. Subject to Section 6 hereof and the provisions of the Plan, the Options
granted hereunder will become exercisable by the Optionee in accordance with the following vesting
schedule if the Optionee continues to be employed by the Company (or a Subsidiary or Affiliate
thereof) until the specified periods have elapsed from the Award Date of the Options:

	 	 	 
	Number of Months Since Award Date	 	Vested Percentage
	Fewer than 12 months
	 	0.0%
	12 months
	 	25.00%
	15 months
	 	31.25%
	18 months
	 	37.50%
	21 months
	 	43.75%
	24 months
	 	50.00%
	27 months
	 	56.25%
	30 months
	 	62.50%
	33 months
	 	68.75%
	36 months
	 	75.00%
	39 months
	 	81.25%
	42 months
	 	87.50%
	45 months
	 	93.75%
	48 months or more
	 	100.00%

 

 

     6. Forfeiture.

	     (a)	 	Forfeiture of Option Gain and Unexercised Options if the Optionee Engages
in Certain Activities. If, at any time within (1) the term of this Option or (2)
within 12 months after termination of employment for any reason whatsoever other than
termination by the Optionee’s employer without Cause, or (3) within 12 months after the
Optionee exercises any portion of this Option, whichever is the latest, the Optionee
engages in any activity in adverse, contrary or harmful to the interests of the
Company, including, but not limited to: (i) conduct related to the Optionee’s
employment for which either criminal or civil penalties against the Optionee may be
sought, (ii) violation of Company policies, including, without limitation, the
Company’s insider trading policy, (iii) while employed by the Company or Affiliate,
serving as a consultant, advisor or in any other capacity to an entity that is, or
proposes to be, in competition with or acting against the interests of the Company,
(for purposes of this Agreement the entities listed in Exhibit A hereto, which is
incorporated herein by reference, are conclusively presumed to be in competition with
the Company), (iv) employing or recruiting any present, former or future employee of
the Company, whether individually or behalf of another person or entity, (v) disclosing
or misusing any confidential information or material concerning the Company, or (vi)
participating in a hostile takeover attempt, then (1) this Option shall terminate
effective as of the date on which the Optionee entered into such activity, unless
terminated sooner by operation of another term or condition of this Award Agreement or
the Plan, and (2) the Optionee shall immediately pay to the Company any Option Gain
realized by the Optionee from exercising all or a portion of this Option.
Notwithstanding anything herein to the contrary, for purposes of this Section 6(a) an
Optionee will not be deemed to be engaged in an activity that is adverse, contrary or
harmful to the Company merely because following the termination of his employment with
the Company and all of its Subsidiaries and Affiliates he serves as an employee,
consultant or an advisor to an entity that is, or proposes to be, in competition with
the Company.

	     (b)	 	Right of Set-off. If the Optionee owes the Company any amount by virtue
of Section 6(a) above, then the Company (or any Subsidiary or Affiliate) may recover
such amount by setting it off from any amounts the Company (or any Subsidiary or
Affiliate) owes or may owe the Optionee from time to time. By accepting this Option
and signing this Award Agreement in the space provided below, the Optionee consents to
a deduction of any amount the Optionee may owe the Company by virtue of Section 6(a)
above from any amounts the Company (or any Subsidiary or Affiliate) owes or may owe the
Optionee from time to time (including amounts owed to the Optionee as wages or other
compensation, fringe benefits, or vacation pay, as well as any other amounts owed to
the Optionee). Whether or not the Company elects to make any set-off in whole or in
part, if the Company does not recover by means of set-off the full amount the Optionee
owes

 

 

	      	 	it, calculated as set forth above, the Optionee agrees to pay immediately the unpaid
balance to the Company.
	 
	     (c)	 	Committee Discretion. The Committee may release the Optionee from the
obligations under paragraphs (a) above if the Committee (or its duly appointed agent)
determines in its sole discretion that such action is in the best interest of the
Company.
	 
	     (d)	 	Amendment of Exhibit A. The Company retains the right to amend Exhibit
A from time to time through the date an Optionee’s employment with the Company and all
Subsidiaries and Affiliates terminates. A copy of Exhibit A as amended subsequent to
the date of this Agreement is available upon written request to the Secretary of the
Company.

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

     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 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 Optionee 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 Optionee shall not operate or be construed as a waiver of any subsequent breach
by Optionee.

     11. Survival. Section 6 of this Award Agreement will remain in full force and effect
following the termination of the Optionee§s employment with the Company and its Subsidiaries and
Affiliates for any reason.

     12. 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 Optionee and the executors, administrators or trustees of
such estate and any receiver, trustee in bankruptcy or representative of the creditors of the
Optionee. Notwithstanding anything herein to the contrary, in the event of the merger or
consolidation of the Company with any other corporation or corporations, the sale by the

 

 

Company of a major portion of its assets or of its business and good will, or any other
corporate reorganization involving the Company, the Optionee’s obligations under Section 6 hereof
may be assigned and transferred to such successor in interest.

     13. 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. In the event of any conflict between the provisions hereof and those of
the Plan, the provisions of the Plan shall govern.

	 	 	 
	OPTIONEE

	 	Stratos International, Inc.
	 
	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	Its:

 

 

Exhibit A

to Stock Option Award Agreement

List of Entities in Competition with the Company

     Any of the following companies or their successors or assigns:

	 	 	 
	Agilent

	 	AI/FOCS
	AMP

	 	Amphenol
	Cielo Communication

	 	E20 Inc.
	FCI

	 	Finisar
	Fujikura Technology

	 	Gore
	Hitachi

	 	IBM
	Infineon

	 	JDS/Uniphase
	Lucent Microelectronics

	 	Molex
	MRV

	 	OCP
	Picolight

	 	Seiko
	Senko

	 	Siecor
	Sumitomo Electronic

	 	Vixel
	Tyco

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]