Document:

2001 Incentive Stock Option Plan for Employees

 Exhibit 10.25 
  
 ANTARES PHARMA, INC. 
 AMENDED AND
RESTATED 
 2001 INCENTIVE STOCK OPTION PLAN FOR EMPLOYEES 
  
 Section 1. Purpose. 
  
 The purpose of this 2001 Incentive Stock Option Plan for Employees (the “Plan”) is to promote the interests of Antares Pharma, Inc. (the
“Company”) and its shareholders by aiding the Company in attracting and retaining employees capable of contributing to the growth and success of the Company, and by offering such employees an opportunity to acquire a proprietary interest
in the Company, thereby providing them with incentives to put forth maximum efforts for the success of the Company’s business and aligning the interests of such employees with those of the Company’s shareholders. 
  
 Section 2. Definitions. 
  
 As used in the Plan, the following terms shall have the meaning set forth below: 
  
 (a) “Affiliate” shall mean (i) any entity that, directly or
indirectly through one or more intermediaries, is controlled by the Company and (ii) any entity in which the Company has a significant equity interest, in each case as determined by the Board of Directors. 
  
 (b) “Award” shall mean any Option granted under the Plan.

  
 (c) “Award Agreement” shall mean any written
agreement, contract or other instrument or document evidencing any Award granted under the Plan. 
  
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder. 

 
 (e) “Committee” shall mean the a committee of the Board of
Directors of the Company to whom the powers and duties of such Board of Directors under the Plan may be delegated pursuant to Section 3(b) hereof, which shall consist of members appointed from time to time by the Board of Directors and shall be
composed solely of two or more directors, each of whom is an “outside director” within the meaning of Section 162(m) of the Code to the extent required by such Section. 
  
 (f) “Company” shall mean Antares Pharma, Inc., a Minnesota corporation, and any successor corporation. 

 
 (g) “Eligible Person” shall mean any employee or officer
providing services to the Company or any Affiliate. 
  
  

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 (h) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 (i) “Fair Market Value” shall mean, with respect to any property
(including, without limitation, any Shares or other securities), the fair market value of such property determined by such methods or procedures as the Board of Directors shall establish in good faith from time to time. Where there is a public
market for the Shares, the fair market value per Share on a given date shall be the closing price of a Share in the over-the-counter market on such date, as reported in The Wall Street Journal (or, if not so reported, as otherwise reported by
The Nasdaq Stock Market (“Nasdaq”)) or, in the event the Shares are traded on the Nasdaq National Market, SmallCap Market or listed on a stock exchange, the fair market value per Share shall be the closing price on such system or exchange
on such date, as reported in The Wall Street Journal; if such market or exchange is not open for trading on such date, the Fair Market Value shall be determined as of the closest preceding date when such market or exchange was open for
trading. 
  
 (j) “Incentive Stock Option” shall mean an
option granted under Section 6(a) of the Plan that is intended to meet the requirements of Section 422 of the Code or any successor provision. 
  
 (k) “Non-Qualified Stock Option” shall mean an option granted under Section 6(a) of the Plan that is not intended to meet the requirements of
Section 422 of the Code or any successor provision. 
  
 (l)
“Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 
  
 (m) “Participant” shall mean an Eligible Person whom the Board of Directors designates to receive an Award under the Plan. 
  
 (n) “Person” shall mean any individual, corporation, partnership, association or trust. 
  
 (o) “Rule 16b-3” shall mean Rule 16b-3 promulgated by the
Securities and Exchange Commission under the Exchange Act or any successor rule or regulation. 
  
 (p) “Shares” shall mean shares of Common Stock, $.01 par value, of the Company or such other securities or property as may become subject to Awards pursuant to an adjustment made under Section 4(c) of the
Plan. 
  
 Section 3. Administration. 
  
 (a) Administration by the Board of Directors. The Plan shall be
administered by the Board of Directors of the Company, with or without the advice of a Committee. Subject to the express provisions of the Plan and to applicable law, the Board of Directors shall have full power and authority to: (i) designate
Participants; (ii) determine the type or types of Awards to be granted to each Participants under the Plan; (iii) determine the number of Shares to be covered by each Award; (iv) determine the terms and conditions of any Award or Award Agreement;
(v) amend the terms and conditions of any Award or Award Agreement and accelerate the exercisability of Options; (vi) interpret and administer the Plan and any instrument or agreement relating to, or 

  

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Award made under, the Plan; (vii) establish, amend, suspend or waive 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 Board of Directors deems necessary or desirable for the administration of the Plan. Unless otherwise expressly provided in the Plan, all
designations, determinations, interpretations and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Board of Directors, may be made at any time and shall be final, conclusive and binding upon
any Participant, any holder or beneficiary of any Award and any employee of the Company or any Affiliate. 
  
 (b) Delegation to Committee. Notwithstanding anything to the contrary contained herein, the Board of Directors may, at any time and from time to
time, delegate its powers and duties hereunder to a Committee solely for purposes of complying with Section 162(m) of the Code. 
  
 (c) References to Board of Directors. Unless stated to the contrary, as used herein, references to the Board of Directors shall mean the Committee
to whom the Board of Directors has delegated its powers and duties in the event such powers and duties have been so delegated. 
  
 Section 4. Shares Available for Awards. 
  
 (a) Shares Available. Subject to adjustment as provided in Section 4(c), the aggregate number of Shares which may be issued under all Awards under
the Plan shall be 2,000,000. Shares to be issued under the Plan shall be authorized but previously unissued. If any Shares covered by an Award or to which an Award relates are not purchased or are forfeited, or if an Award otherwise terminates
without delivery of any Shares, then the number of Shares counted against the aggregate number of Shares available under the Plan with respect to such Award, to the extent of any such forfeiture or termination, shall again be available for granting
Awards under the Plan. 
  
 (b) Accounting for Awards. For
purpose of this Section 4, if an Award entitles the holder thereof to purchase Shares, the number of Shares covered by such Award shall be counted on the date of grant of such Award against the aggregate number of Shares available for granting
Awards under the Plan. 
  
 (c) Adjustments. In the event
that the Board of Directors shall determine that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects
the Shares such that an adjustment is determined by the Board of Directors to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Board of Directors
shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or other securities or other property) which thereafter may be made the subject of Awards; (ii) the number and type of Shares (or other
securities or other 

  

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property) subject to outstanding Awards and (iii) the purchase or exercise price with respect to any Award; provided, however, that the number
of Shares covered by any Award or to which such Award relates shall always be a whole number. 
  
 Section 5. Eligibility. 
  
 Any employee, including any employee who is an officer of the Company or any Affiliate, shall be eligible to be designated a Participant. In determining which Eligible Persons shall receive an Award and the terms of any Award, the Board of
Directors may take into account the nature of the services rendered by the respective Eligible Persons, their present and potential contributions to the success of the Company or such other factors as the Board of Directors, in its discretion, shall
deem relevant. Notwithstanding the foregoing, an Incentive Stock Option may only be granted to full or part-time employees (which term as used herein includes, without limitation, officers who are also employees), and an Incentive Stock Option shall
not be granted to an employee of an Affiliate unless such Affiliate is also a “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code or any successor provision. 
  
 Section 6. Awards. 
  
 (a) Options. The Board of Directors is hereby authorized to grant Options to Participants with the following terms
and conditions and with such additional terms and conditions not inconsistent with the provisions of the Plan as the Board of Directors shall determine: 
  
 (i) Exercise Price. The purchase price per Share purchasable under an Option shall be determined by the Board of Directors;
provided, however, that such price shall not be less than 100% of the Fair Market Value of a Share on the date of grant of such Option. 
  
 (ii) Option Term. The term of each Option shall be fixed by the Board of Directors; provided, however, that the term
of an Incentive Stock Option may not extend more than ten years from the date of grant of such Incentive Stock Option. Provided, further, that the Board of Directors shall be under no duty to provide terms of like duration for Awards
granted under the Plan. 
  
 (iii) Time and
Method of Exercise. The Board of Directors shall determine the time or times at which an Option may be exercised in whole or in part and the method or methods by which, and the form or forms (including, without limitation, cash, previously owned
Shares, Shares issuable upon exercise of the Award or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price) in which, payment of the exercise price with respect thereto may be made or deemed
to have been made. 
  
 (iv) Certain Options to
be Treated as Non-Qualified Stock Options. If the aggregate Fair Market Value of all Shares subject to Incentive Stock Options granted to a Participant under all plans of the Company and its parent and subsidiary corporations (as described in
Section 422(d) of the Code) that are exercisable for the first time during any calendar year exceeds 

  

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$100,000 at the time an Option is granted to such Participant, then such Option shall be treated as an Option that does not qualify as an Incentive Stock
Option. 
  
 (v) Ten Percent Shareholder
Rule. Notwithstanding any other provision in the Plan, if at the time an Option is otherwise to be granted pursuant to the Plan to a Participant who owns, directly or indirectly (within the meaning of Section 424(d) of the Code), Common Stock of
the Company possessing more than 10% of the total combined voting power of all classes of stock of the Company or its parent or any subsidiary, then any Incentive Stock Option to be granted to such Participant pursuant to the Plan shall satisfy the
requirements of Section 422(c)(5) of the Code, and the exercise price of such Option shall be not less than 110% of the Fair Market Value of the Shares covered, and such Option by its terms shall not be exercisable after the expiration of five years
from the date such Option is granted. 
  
 (vi)
Option Limitations Under the Plan. No Eligible Person who is an employee of the Company at the time of grant may be granted any Option covering more than 500,000 Shares in the aggregate in any calendar year. The foregoing annual limitation
shall apply to the extent required by Section 162(m) of the Code to qualify the Option as “qualified performance-based compensation” within the meaning of such Section. 
  
 (vii) Foreign Jurisdictions. The Board of Directors may adopt, amend, and terminate such
arrangements, not inconsistent with the intent of the Plan, as it may deem necessary or desirable to make available tax or other benefits of the laws of any foreign jurisdiction to Eligible Persons who are subject to such laws and who receive
Options under the Plan. 
  
 (b) General. 
  
 (i) No Cash Consideration for Awards. Awards shall be
granted for no cash consideration or for such minimal cash consideration as may be required by applicable law. 
  
 (ii) Grant of Additional Awards. An Eligible Person who has been granted an Award under this Plan may be granted additional Awards
under the Plan if the Board of Directors shall so determine. 
  
 (iii) Limits on Transfer of Awards. No Award and no right under any such Award shall be transferable by a Participant otherwise than by will or by the laws of descent and distribution. No Award or right under
any such Award may be pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against the Company or any Affiliate. 
  
 (iv) Restrictions; Securities Exchange Listing. All
certificates for Shares or other securities delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Board of Directors may deem advisable under the Plan or
the rules, regulations and other requirements of the Securities and Exchange Commission and any applicable federal or state securities laws, and the Board of Directors may cause a legend or legends to be placed on any such certificate to make
appropriate reference to 

  

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such restrictions. If the Shares or other securities are quoted on Nasdaq, traded on the Nasdaq National Market, SmallCap Market or listed on a stock
exchange, the Company shall not be required to deliver any Shares or other securities covered by an Award unless and until such Shares or other securities have been admitted for quotation or trading the Nasdaq National Market, SmallCap Market or
such stock exchange. 
  
 Section 7. Income Tax Withholding. 
  
 In order to comply with all applicable federal or state income tax laws or
regulations, the Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes, all of which are and shall remain the sole and absolute responsibility of a
Participant, are withheld or collected from such Participant. In order to assist a Participant in paying all or a portion of the federal and state taxes to be withheld or collected upon exercise of an Award, the Board of Directors, in its discretion
and subject to such additional terms and conditions as it may adopt, may permit the Participant to satisfy such tax obligation by (i) electing to have the Company withhold a portion of the Shares otherwise to be delivered upon exercise of such Award
with a Fair Market Value equal to the amount of such taxes or (ii) delivering to the Company Shares other than Shares issuable upon exercise of such Award with a Fair Market Value equal to the amount of such taxes. The election, if any, must be made
on or before the date that the amount of tax to be withheld is determined. 
  
 Section 8. General Provisions. 
  
 (a) No
Rights to Awards. No Eligible Person, Participant or other Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Eligible Persons, Participants or holders or beneficiaries
of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to any Participant or with respect to different Participants. 
  
 (b) Award Agreements. No Participant will have rights under an Award granted to such Participant unless and until an Award Agreement shall have
been duly executed on behalf of the Company and, if requested by the Company, signed by the Participant. 
  
 (c) No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or
continuing in effect other or additional compensation arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 
  
 (d) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be
retained as an employee or director of the Company or any Affiliate, nor will it affect in any way the right of the Company or an Affiliate to terminate such employment or directorship at any time, with or without cause. In addition, the Company or
an Affiliate may at any time dismiss a Participant from employment or directorship free from any liability or any claim under the Plan, except as otherwise expressly provided in the Plan or in any Award Agreement. 
  

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 (e) Governing Law. The validity, construction and effect of the Plan or of any Award, and any
rules and regulations relating to the Plan or any Award, shall be determined in accordance with the laws of the State of Minnesota. 
  
 (f) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or would disqualify the Plan or any Award under any law deemed applicable by the Board of Directors, such provision shall be construed or deemed amended to conform to applicable law, or if it cannot be so construed or deemed amended without, in the
determination of the Board of Directors, materially altering the purpose or intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction or Award, and the remainder of the Plan or any such Award shall remain in full
force and effect. 
  
 (g) No Trust or Fund Created. Neither
the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right
to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 
  
 (h) No Fractional Shares. No fractional Shares shall be issued or
delivered pursuant to the Plan or any Award, and the Board of Directors shall determine whether cash shall be paid in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise
eliminated. 
  
 (i) Headings. Headings are given to the
Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 
  
 (j) Other Benefits. No compensation or benefit awarded to or realized
by any Participant under the Plan shall be included for the purpose of computing such Participant’s compensation under any compensation-based retirement, disability, or similar plan of the Company unless required by law or otherwise provided by
such other plan. 
  
 Section 9. Amendment and Termination; Adjustments.

  
 Except to the extent prohibited by applicable law and
unless otherwise expressly provided in an Award Agreement or in the Plan: 
  
 (a) Amendments to the Plan. The Board of Directors of the Company may amend, alter, suspend, discontinue or terminate the Plan; provided, however, that, notwithstanding any other provision of the
Plan or any Award Agreement, without the approval of the shareholders of the Company, no such amendment, alteration, suspension, discontinuation or termination shall be made that, absent such approval, would: 
  
 (i) violate the rules or regulations of Nasdaq National
Market, SmallCap market or any stock exchange that are applicable to the Company; or 
  

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 (ii) cause the Company to be unable, under the Code, to grant Incentive Stock Options
under the Plan. 
  
 (b) Amendments to Awards. The Board of
Directors may waive any conditions or rights of the Company under any outstanding Award, prospectively or retroactively. The Board of Directors may not amend, alter, suspend, discontinue or terminate any outstanding Award, prospectively or
retroactively, without the consent of the Participant or holder or beneficiary thereof, except as otherwise provided herein or in the Award Agreement. 
  
 (c) Correction of Defects, Omissions and Inconsistencies. The Board of Directors may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect. 
  
 Section 10. Effective Date; Term. 
  
 (a) Effective Date. The Plan shall be effective as of January 31, 2001 (the “Effective Date”); provided, however, that if
the Company’s shareholders do not approve the Plan at the next meeting of Shareholders, the Plan shall be null and void and all Awards granted prior to the date of such Special Meeting shall be of no force or effect, and provided further, that
no Incentive Stock Option may be granted before March 22, 2001, the date that the Plan was approved by the Board. 
  
 (b) Term. Awards shall be granted under the Plan only during a 10-year period beginning on the Effective Date. Unless otherwise expressly provided
in the Plan or in an applicable Award Agreement, however, any Award theretofore granted may extend beyond the end of such 10-year period, and the authority of the Board of Directors provided for hereunder, shall extend beyond the termination of the
Plan. 
  
 Section 11. Notice. 
  
 All notices to the Company regarding the Plan shall be in writing, effective
as of actual receipt by the Company, and shall be sent to 
  
 ANTARES PHARMA, INC. 
 707 Eagleview Boulevard, Suite 414 
 Exton, PA 19341 
 Attn: Chief Financial
Officer 
  

 8Form of Change in Control Agreement

  
 Exhibit 10.22 
  

	[GRAPHIC]	  	October 6, 2003

  
 Fred Kuznik 
 Chief Executive Officer 
 c/o Cable Design Technologies 
 1901 N. Roselle Rd. 
 Schaumburg, IL 60195 
  
 Dear Fred: 
  
 Cable Design Technologies Corporation (the “Company”) considers the maintenance of a sound management to be
essential to protecting and enhancing the best interests of the Company and its stockholders. In this connection, the Company recognizes that the possibility of a change in control may exist from time to time, and that this possibility, and the
uncertainty and questions it may raise among management and employees, may result in the departure or distraction of management and other personnel to the detriment of the Company and its stockholders. Accordingly, the Company has determined that
appropriate steps should be taken to encourage the continued attention and dedication of members of the Company’s management and other key employees, including you, to their assigned duties without the distraction that may arise from the
possibility of a change in control of the Company. 
  
 This is not
an employment contract nor does it alter your status as an at-will employee of the Company or, to the extent applicable, status under any employment agreement to which you and the Company or its subsidiaries may be a party (if applicable, an
“Employment Agreement”). Subject to any Employment Agreement, just as you remain free to leave the employ of the Company at any time, so too does the Company retain its right to terminate your employment without notice, at any time,
for any reason. However, the Company believes that, both prior to and at the time a change in control is anticipated or occurring, it is necessary to have your continued attention and dedication to your assigned duties without distraction.
Therefore, should you still be an employee of the Company at such time, the Company agrees that you shall receive the severance benefits hereinafter set forth in the event your employment with the Company terminates in contemplation of or subsequent
to a “change in control” (as defined in Section 2 hereof) under the circumstances described below. 
  
 For good and valuable consideration, the sufficiency and receipt of which is acknowledged, the Company and you agree as follows: 
  
 1. Term of Agreement; Amendment & Restatement. This Agreement
shall commence on the date hereof and shall continue in effect through July 31, 2008; provided, however, that, if a change in control of the Company, as defined in Section 2 hereof, shall have occurred during the term of this Agreement, then this
Agreement shall continue in effect until the date twenty-four months after the occurrence of change in control. 
  
 Except as provided in Section 3(a)(iii), this Agreement shall amended and restate the prior change of control agreement issued to you (the “Prior
Change of Control Agreement”). 
  
 2. Change in
Control. No benefits shall be payable hereunder unless there shall have been a change in control of the Company, as set forth below, and your employment by the Company or any of its 

  

 Fred Kuznik 
 October 6, 2003 
  page
 2
 
  

 
subsidiaries shall have been terminated in accordance with Section 3 below. For purposes of this Agreement, a “change in control” shall be
deemed to have occurred if: 
  
 (a) any
“person” or “group” (as such terms are used in Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company’s then outstanding securities; or 
  
 (b) there shall be consummated any consolidation, merger, reorganization or acquisition involving the
Company unless following such event (i) the individuals and entities who were the beneficial owners of the outstanding voting securities of the Company immediately prior to such event beneficially own, directly or indirectly, more than 66 2-3% of
the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors of the corporation resulting from such event in substantially the same proportions as their ownership immediately prior to
such event and (ii) at least 66 2-3% of the members of the board of directors of the corporation resulting from such event were members of the board of directors at the time of the initial consideration of, or any action of the board relating to,
such event; or 
  
 (c) any sale, lease, exchange
or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company (on a consolidated basis); or 
  
 (d) as the result of, or in connection with, any cash tender offer, exchange offer, merger or other business
combination, sale of assets, proxy or consent solicitation, contested election or substantial stock accumulation (a “Control Transaction”), the members of the Board immediately prior to the date the Company initiates, or is notified
of, such Control Transaction (the “Incumbent Board”) shall thereafter cease to constitute at least 66 2-3% of the Board; provided, however, that for purposes of this clause (d) any individual becoming a director subsequent to the
date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member
of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other than the Board. 
  
 3. Termination of Employment Following Change in Control. 
  

(a) If at any time after the date hereof any of the events described in Section 2 hereof constituting a change in control of the Company occurs and in
contemplation thereof, in connection therewith or within two years thereafter you involuntarily cease to be an employee of the Company or any of its subsidiaries for any reason other than termination for good cause (as hereinafter defined),
disability (as hereinafter defined) or death or you terminate your employment with the Company and its subsidiaries for good reason (as hereinafter defined) then 
  
 (i) you shall be entitled to the benefits provided in Section 4(a) hereof; and 
  
 (ii) any options, restricted stock, long-term compensation,
relocation allowance, profit sharing, matching contributions or other similar items (each a “Grant”) that are unvested shall vest, and, in the case of options or other items that have an expiration date, you shall be entitled to
exercise such options or other items for a period of 90 days following such termination (or such longer term as provided therein); provided that this agreement shall not be deemed to amend the terms of any Grant issued prior to the date hereof, it
being understood that the provisions of the Prior Change of Control Agreement shall continue to govern such Grant if this agreement were deemed to be an amendment of such terms; and 
  

 Fred Kuznik 
 October 6, 2003 
  page
 3
 
  

 (iii) contributions on your behalf to any pension, profit sharing, 401(k) matching or
similar plan shall be made, to the extent not previously made, for the period(s) (including any partial periods) up to the Date of Termination (defined below) (it being understood that to the extent such contributions are not mandatory,
contributions in the amount consistent with prior contributions shall be made), and all amount under such plans shall vest; provided that if contributions are not permitted under the terms of the plan or would cause a material adverse tax or other
impact on the Company, an amount equal to such contribution (grossed-up for federal, state and local taxes) shall be paid to you in lieu of the contribution; and 
  
 (iv) the Company shall provide you (or, if you die during such period, your family) with health benefits, at
a level no less than those in effect prior to the change in control, for 24 months after such termination or, the extent that you are able to purchase health benefits at a level no less than those in effect prior to the change in control, reimburse
you for COBRA payments for such period (in each case, together with a tax “gross-up” to offset the tax impact of such benefits or payment and gross-up); provided that such benefits shall terminate to the extent Executive receives
equivalent or better coverage and benefits under the plans, programs and/or arrangements of any subsequent employer (such coverage and benefits to be determined on a coverage-by-coverage or benefit-by-benefit basis); and 
  
 (v) the Company shall provided you with such other fringe
benefits (including, without limitation, to the extent applicable automobile and related benefits but excluding contributions to profit sharing or retirement plans), for a period of 24 months after such termination at a level no less than that in
effect prior to the change in control. 
  
 In the event of
multiple changes of control during the term of this Agreement, the foregoing two year period shall re-start in the event of such subsequent change of control(s). 
  
 (b) For purposes of this Agreement: ”good cause” means (i) your conviction of any felony involving
dishonesty, fraud or breach of trust with respect to the Company or its subsidiaries, or (ii) your willful engagement in gross misconduct in the performance of your duties that is materially and demonstrably injurious to the Company and its
subsidiaries, which conduct is not cured after notice (any action or failure to act shall not be “willful” unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that the act, or failure to act was in
the best interests of the Company and its subsidiaries); you shall be “disabled” if your inability to perform your normal duties on a full-time basis for 180 consecutive business days (or such shorter period as will suffice for you
to qualify for full disability benefits under the applicable disability insurance policy or policies of the Company or its applicable subsidiaries) as a result of incapacity due to mental or physical illness which is determined to be total and
permanent by a qualified physician selected by the Company or its insurers and reasonably acceptable to you; and ”good reason” shall exist if, without your express written consent: 
  
 (i) you are assigned duties materially inconsistent with
your position, duties, authorities, powers, functions, responsibilities and status with the Company and/or its subsidiaries as of the time of the change in control (excluding for purposes of establishing such “base” any adverse change made
in contemplation of such change of control), excluding for this purpose isolated, insubstantial and inadvertent action(s) not taken in bad faith and remedied by the Company or applicable subsidiary promptly after receipt of notice from you; or

  
 (ii) the Company or any of its subsidiaries
reduces your annual base salary as in effect on the date hereof or as the same may be increased from time to time; or 
  
 (iii) the Company or any of its subsidiaries reduces your aggregate compensation and incentive and benefit package as in effect at the
time of the change in control (excluding for purposes of establishing such “base” any adverse change made in contemplation of such change of control); or 
  

 Fred Kuznik 
 October 6, 2003 
  page
 4
 
  

 (iv) the Company or any of its subsidiaries requires you regularly to perform your
duties of employment beyond a fifty-mile radius from the location of your employment as of the time of the change in control (excluding for purposes of establishing such “base” any adverse change made in contemplation of such change of
control); or 
  
 (v) the Company or any of its
subsidiaries takes any other action which materially and adversely changes the conditions, or perquisites of your employment as in effect at the time of the change in control (including, without limitation, level of support services, staff,
secretarial or other assistance, office space or accoutrements and excluding for purposes of establishing such “base” any adverse change made in contemplation of such change of control); or 
  
 (vi) the Company or any of its subsidiaries fails to obtain
a satisfactory agreement from any successor to assume and agree to perform this Agreement, as contemplated by Section 11(a) hereof. 
  
 (c) For purposes of this Agreement, any purported termination by the Company or any of its subsidiaries or by you shall be communicated by written
“Notice of Termination” to the other party hereto in accordance with Section 12 hereof. “Date of Termination” shall mean the effective date specified in the Notice of Termination as of which your employment
terminates (which shall be not more than sixty (60) days after the date such Notice of Termination is given). 
  
 (d) The above provisions of this Section 3, and the provisions of Section 4, shall be applicable after a change in control has occurred, but not prior
thereto (unless termination is in contemplation of or in connection with such change of control, in which case they shall apply). 
  
 4. Benefits Upon Termination. 
  
 (a) If your employment with the Company or any of its subsidiaries is terminated under circumstances which entitle you to benefits under this Section
4(a), then the amount of such benefits (which benefits shall be in addition to any other benefits to which you are entitled other than by reason of this Agreement, except as specifically set forth in Section 9) shall be equal to the sum of:

  
 (i) unpaid salary with respect to any
vacation days accrued but not taken as of the Date of Termination; 
  
 (ii) accrued but unpaid salary and bonus through the Date of Termination; and 
  
 (iii) any unreimbursed business expenses incurred prior to the Date of Termination; and 
  
 (iv) an amount equal to the product of: 
  
 (A) 3 times 
  
 (B) the sum of 
  

	 	(x)	your highest annual salary level in effect at any time during the three year period preceding the date the change in control occurs and 

  

	 	(y)	the average of the bonuses paid to you with respect to each of the three full fiscal years preceding the date the change of control occurs (or, if you have not been employed for
three fiscal years, such shorter number of full fiscal years and partial fiscal years during which you’ve been employed, with any bonus paid during a partial fiscal year being annualized by multiplying the amount of such bonus by a fraction the
numerator of which is 365 and the denominator of which is the number of days of employment during such fiscal year). 

  

 Fred Kuznik 
 October 6, 2003 
  page
 5
 
  

 (b) Notwithstanding paragraph (a) of this Section 4, if all or any portion of the payments or
benefits provided under this Agreement either alone or together with other payments or benefits which you receive or are then entitled to receive from the Company and any of its subsidiaries, would constitute a “parachute payment” within
the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), the payments provided to you under Section 4(a) shall be reduced to the extent necessary so that no portion thereof shall be subject to the
excise tax imposed by Section 4999 of the Code; but only if, by reason of such reduction, your net after tax benefit shall exceed the net after tax benefit if such reduction were not made. “Net after tax benefit” for purposes of
this Section 4 shall mean the sum of the total amount payable to you under this Section 4, plus all other payments and benefits which you receive or are then entitled to receive from the Company and any of its subsidiaries that would constitute a
“parachute payment” within the meaning of Section 280G of the Code, less the amount of federal income taxes payable with respect to the payment and benefits described in (i) and (ii) above calculated at the maximum marginal income tax rate
for each year in which such payments and benefits shall be paid to you (based upon the rate in effect for such year as set forth in the Code at the time of the first payment of the foregoing), less the amount of excise taxes imposed with respect to
the payments and benefits described in (i) and (ii) above by Section 4999 of the Code. In connection with payments under this Agreement, the Company shall deliver to you a statement certified by a nationally recognized accounting firm (which may be
the Company’s independent auditor) or law firm setting forth the calculation of all “parachute payments” within the meaning of Section 280G, a statement as to whether any excise tax will be imposed by Section 4999 of the Code and, if
so, the amount of such tax, and the reduction of benefits contemplated by this paragraph to maximize net after tax benefits, together (in each case) with reasonable schedules showing the calculations and supporting documentation. The Company shall
provide such other related information as reasonably requested. This provision shall apply only to the extent you are subject to Section 280G of the Code. 
  
 (c) The cash payment obligation of the Company under Sections 4(a) above shall be paid to you in a lump sum within ten days of the Date of Termination.

  
 (d) Following any change of control, the Company will
indemnify you to the fullest extent permitted under applicable laws against any claim, proceeding, lawsuit, investigation or other action (collectively, an “Action”) involving you in connection with, or relating to, your employment
with the Company or its subsidiaries, and the Company will, to the fullest extent permitted under applicable laws, advance to you such expenses incurred by you in connection with your investigation and defense of any such Action. In addition, in
connection with any change of control the Company shall, to the extent it is not the surviving corporation or to the extent that directors and officers insurance will not continue with respect to the period prior to the change of control on the same
terms following the change of control purchase an extension on the Company’s directors & officers insurance to cover a period of 1 year following the change of control (or, if shorter, such maximum period that is available from the
applicable insurance companies on commercially reasonable terms). 
  
 5. Default in Payment. Any payment not made within ten days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate from time to time in effect at Citibank, N.A. (or
any successor thereto). 
  
 6. No Assignment. No interest
of you or your spouse or any other beneficiary under this Agreement, or any right to receive payment hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any
kind (except a transfer upon death of rights that have accrued prior to such death), nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or
other claims against, you or your spouse or other beneficiary, including for alimony. 
  
 7. Unsecured Obligation. All rights of you and your spouse or their beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to
segregating any assets of the Company or payment of any amounts due hereunder. Neither you nor your 

  

 Fred Kuznik 
 October 6, 2003 
  page
 6
 
  

 
spouse or other beneficiary shall have any interest in or rights against any specific assets of the Company, and you and your spouse or other beneficiary
shall have only the rights of a general unsecured creditor of the Company. 
  
 8. Confidential Information. You hereby acknowledge that, in the course of your employment, you will necessarily have access to become familiar with and, as an indispensable part of your employment, use trade
secrets, customer lists and detailed customer-related information (some or all of which may constitute trade secrets), business plans, financial and other proprietary and confidential information (collectively “Confidential
Information”) concerning the Company and its subsidiaries and that such knowledge and familiarity was and will continue to be of special, unique, and extraordinary value to the Company and its subsidiaries. You agree that you will not
reveal or disclose to any unauthorized person, or take and use for your own account any Confidential Information concerning the Company or any of its subsidiaries unless and to the extent that (a) the information was or becomes available to you on a
non confidential basis from a source which is not, to your knowledge, bound by a confidentiality obligation to the Company or any of its subsidiaries, (b) you are required by a court of competent jurisdiction or otherwise compelled by law to
disclose such Confidential Information or (c) such disclosure is made by you in good faith in connection with your responsibilities and duties to the Company or any of its subsidiaries. Upon termination of employment, you agree to promptly return to
the Company and its subsidiaries or destroy all materials and all copies of materials involving any Confidential Information in your possession or control. You also agree to represent to the Company in writing that you have complied with the
provisions of the preceding sentence upon termination of employment. In no event shall a breach or alleged breach of this Section 8 be grounds for withholding or reclaiming payments under this Agreement. 
  
 9. Effect on Other Plans, Agreements and Benefits. Except to the
extent expressly set forth herein, any benefit or compensation to which you are entitled under any agreement between you and the Company or any of its subsidiaries or under any plan maintained by the Company or any of its subsidiaries in which you
participate or participated shall not be modified or lessened in any way, but shall be payable according to the terms of the applicable plan or agreement. The terms of this Agreement shall supersede any existing agreement between you and the Company
or any of its subsidiaries executed prior to the date hereof to the extent any such agreement is inconsistent with the terms hereof. Notwithstanding the above, any benefits received by you pursuant to this Agreement shall be in lieu of any severance
benefits to which you would otherwise be entitled under any general severance policy maintained by the Company or any of its subsidiaries for its management or other personnel. 
  
 10. Further Obligations of the Executive (Non-Compete). You agree that, in the event of any change of control where
your employment is terminates and you are entitled to benefits contemplated by Section 4, and you receive such benefits and the Company otherwise complies with this Agreement, you shall not, for a period of two years after the Date of Termination,
without the prior written approval of the Company’s then Chief Executive Officer, participate in the management of, be employed by or own any business enterprise at a location within the United States or Europe that engages in substantial
competition with the Company or its subsidiaries, where such enterprise’s revenues from any competitive activities amount to 40% or more of such enterprise’s net revenues and sales for its most recently completed fiscal year. However,
nothing in this Section 10 shall prohibit you from owning stock or other securities of a competitor amounting to less than five percent of the outstanding capital stock of such competitor. The Company’s remedy for breach of this Section 10
shall be to bring an action for equitable relief, and shall not affect the payments or benefits contemplated under this Agreement. You agree that the provisions of this Section 10 are reasonable. In the event a breach or threatened breach of this
Agreement, the Company may apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security).

  

 Fred Kuznik 
 October 6, 2003 
  page
 7
 
  

 11. Successors; Binding Agreement. 
  
 (a) The Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean Cable Design Technologies Corporation and any successor to its business and/or assets as aforesaid which assumes and agrees to
perform this Agreement by operation of law, or otherwise. 
  
 (b)
This Agreement shall inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If you should die while any amount would still be payable
to you hereunder if you had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to your devisee, legatee or other designee or if there is no such designee, to your
estate. 
  
 12. Notice. For the purposes of this Agreement,
notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when actually delivered or mailed by United States registered mail, return receipt requested, postage prepaid,
addressed to the respective addresses set forth on the first page of this Agreement, provided that all notices to the Company shall be directed to the attention of the Chairman of the Company with a copy to the Secretary of the Company, or to such
other address for either party as it may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  
 13. Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such modification,
waiver or discharge is agreed to in writing and signed by you and a duly authorized officer of the Company. No waiver by either party hereto at any time of any breach of or failure to comply with any condition or provision of this Agreement by the
other party hereto shall be deemed to be a waiver of any similar or dissimilar provisions or conditions at the same or any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject
matter hereof have been made by either party which are not expressly set forth in this Agreement. 
  
 14. Choice of Law. All questions concerning the construction, validity and interpretation of this Agreement and any exhibits and schedules hereto
will be governed by the internal law, and not the law of conflicts of, the State of Delaware. 
  
 15. Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and
effect. 
  
 16. Counterpart. This Agreement may be executed
in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
  
 17. Survival. The obligations of the parties under this Agreement all survive the term of this Agreement. 
  
 18. Benefits Absolute; Enforcement. The Company’s obligation to
pay the amounts and make the benefits and other arrangements provided in this Agreement shall be absolute and unconditional and shall not be affected by any circumstances, including without limitation any setoff, counterclaim, recoupment, defense or
other right which the Company may have against you or anyone else. Each payment made under this Agreement by the Company shall be final, and the Company will not seek to recover any part of such payment from the Executive, or from whoever may be
entitled to such payment, for any reason. The Company agrees to pay you all expenses (including reasonable legal fees and expenses) incurred by you in connection with any legal, arbitration or other proceeding to enforce or interpret this Agreement,
so long as the Executive is not found by a competent court of law to be acting in bad faith, it being understood that such expenses shall, at your request, be advanced to you or such other person entity as you may designate. 
  

 Fred Kuznik 
 October 6, 2003 
  page
 8
 
  

 * * * * * 
  
 If this letter correctly sets forth our agreement on the subject matter hereof, kindly sign and return to the Company this letter and the enclosed copy of
this letter which will then constitute our agreement on this subject. We will return the copy of this letter to you. 
  

	 Sincerely,
  
 CABLE DESIGN TECHNOLOGIES CORPORATION

		
	By:	 	                                      
                                        
                ,
	 	 	 at the direction of the Compensation
 Committee of the Board of Directors
 Name:
 Title:

  
 Agreed to as of: October
      , 2003

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