Document:

Form of Restricted Stock Agreement

 Exhibit 10.2 
 RADYNE CORPORATION 
 RESTRICTED STOCK AGREEMENT 
 This Restricted Stock Agreement (“Agreement”) is between Radyne Corporation (“Company”), and
                                    
(“Grantee”), as of the      day of             , 2007 (“Date of Grant”). 
 RECITALS 
 A. The Company has adopted
the Radyne Corporation 2007 Stock Incentive Plan (“Plan”) to provide incentives to attract and retain those individuals whose services are considered unusually valuable by providing them an opportunity to own stock in the Company.

 B. The Company believes that entering into this Agreement with the Grantee is consistent with those purposes. Any capitalized term not
defined in this Agreement will have the meaning as set forth in the Plan. 
 NOW, THEREFORE, the Company and Grantee agree as follows:

 AGREEMENT 
 1.
GRANT OF RESTRICTED SHARES. Subject to the terms of this Agreement and Article 10 of the Plan, the Company grants to Grantee
                     shares (“Restricted Shares”) of the Company’s common stock (“Stock”). The delivery
of any document evidencing the Restricted Shares is subject to the provisions of Section 9.1 of the Plan. 
 2. RIGHTS OF
GRANTEE. Subject to the provisions of this Agreement and the Plan, as of the Date of Grant, Grantee shall be a stockholder with respect to all of such Restricted Shares and shall have all of the rights of a stockholder in the Company with
respect to the Restricted Shares. 
 3. RESTRICTIONS ON RESTRICTED SHARES. 
 A. Limitations on Transfer. Grantee agrees to not sell, transfer, pledge, exchange, hypothecate, grant any security interest in, or
otherwise dispose of, any Restricted Shares before the date on which the restrictions lapse under Section 4.A., or enter into any agreement or make any commitment to do so. Any attempted sale, transfer, pledge, exchange, hypothecation or
disposition of the Restricted Shares shall be null and void, and the Company shall not recognize or give effect to such transaction on its books and records (including the books and records of the Company’s transfer agent) or recognize the
person or persons to whom such sale, transfer, pledge, exchange, hypothecation or disposition has been made as the legal or beneficial owner of the Restricted Shares. 
 B. Permitted Transfers. Notwithstanding 3.A., or any other provision of this Agreement, Grantee may, upon the approval of the Committee, assign and transfer some or all of the Restricted Shares as
provided in Section 13.4 of the Plan, provided the transferee remains subject to the restrictions and limitations in Section 3.A. 

 4. LAPSE OF RESTRICTIONS. 
 A. Schedule. Subject to the other conditions in this Agreement, the restrictions on the Stock set forth in Section 3 will lapse under
the following schedule: 
 INSERT SCHEDULE 
 Notwithstanding the above, (i) the restrictions on the Stock shall lapse upon a Change of Control as provided in Section 13.7 of the Plan, and (ii) if the Grantee’s service is terminated for any
reason (whether with or without cause) the Grantee will be required to transfer all shares of Stock (that remain subject to restrictions under Section 3) back to the Company for no consideration. 
 B. Condition That Must be Satisfied Before Restrictions Lapse. Except as set forth in Section 4.A above, the restrictions on the Stock
will not lapse unless the Grantee remains in the service of the Company (or a Subsidiary) as of the date the restrictions lapse in accordance with the above schedule. 
 C. Issuance of Certificates. The Company shall only be required to issue stock certificates representing those Restricted Shares on which restrictions have lapsed in accordance with the provisions of
this Agreement. Within 60 days after restrictions on some or all of the Stock have lapsed, the Company shall issue to Grantee a stock certificate representing those shares of Stock that have become unrestricted. 
 5. ACKNOWLEDGEMENTS AND REPRESENTATION OF GRANTEE. In connection with Grantee’s receipt of the Restricted Shares, Grantee hereby
acknowledges the following: 
 A. Further Limitations on Disposition. Grantee understands and acknowledges that Grantee may not
make any sale, assignment, transfer or other disposition (including transfer by gift or operation of law) of all or any portion of the Restricted Shares except in accordance with this Agreement. Further, Grantee agrees to make no sale, assignment,
transfer or other disposition of all or any portion of the Restricted Shares unless there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such
registration statement, or Grantee has obtained an opinion of the Company’s counsel that such disposition does not require registration under the Securities Act of 1933. 
 B. Section 83(b) Election. Grantee understands that Section 83 of the Internal Revenue Code of 1986, as amended
(“Code”) taxes as ordinary income the difference between the amount paid for the Restricted Shares and the Fair Market Value of the Restricted Shares as of the date any restrictions on the Restricted Shares lapse. In this context,
“restriction” means the restrictions set forth in Section 3 hereof. Grantee understands that Grantee may elect to be taxed at the time the Restricted Shares are granted rather than when and as the Restricted Shares vest by filing an
election under Section 83(b) of the Code with the Internal Revenue 

  

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Service within thirty (30) days from the Date of Grant. Grantee understands that failure to make this filing timely shall result in the recognition of
ordinary income by Grantee on the Fair Market Value of the Restricted Shares at the time such restrictions lapse. 
 THE GRANTEE
ACKNOWLEDGES THAT IT IS THE GRANTEE’S SOLE RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF THE GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE
GRANTEE’S BEHALF. 
 6. FEDERAL AND STATE TAXES. Grantee may incur certain liabilities for Federal, state, or local
taxes in connection with the grant of the Restricted Shares hereunder, and the Company may be required by law to withhold such taxes. Upon determination of the year in which such taxes are due and the determination by the Company of the amount of
taxes required to be withheld, Grantee shall pay an amount equal to the amount of Federal, state, or local taxes required to be withheld to the Company. If Grantee fails to make such payment in a timely manner, the Company may withhold and set-off
against compensation payable to Grantee the amount of such required payment. 
 7. ADJUSTMENT OF SHARES. The number of
Restricted Shares issued to Grantee pursuant to this Agreement shall be adjusted by the Committee pursuant to Article 14 of the Plan, in its discretion, in the event of a change in the Company’s capital structure. 
 8. AMENDMENT OF AGREEMENT. This Agreement may only be amended with the written approval of Grantee and the Company. 
 9. GOVERNING LAW. This Agreement shall be governed in all respects, whether as to validity, construction, capacity, performance, or
otherwise, by the laws of the State of Delaware, without regard to conflicts-of-laws principles that would require the application of any other law. 
 10. SEVERABILITY. If any provision of this Agreement, or the application of any such provision to any person or circumstance, is held to be unenforceable or invalid by any court of competent jurisdiction
or under any applicable law, the parties hereto shall negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement, and in any
event, the validity and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 
 11. ENTIRE
AGREEMENT. This Agreement constitutes the entire, final, and complete agreement between the parties hereto with respect to the subject matter hereof and supersede all prior agreements, promises, understandings, negotiations, representations,
and commitments, both written and oral, between the parties hereto with respect to the subject matter hereof. Neither party hereto shall be bound by or liable for any statement, representation, promise, inducement, commitment, or understanding of
any kind whatsoever not expressly set forth in this Agreement. 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
representative and Grantee has signed this Agreement, in each case as of the day and year first written above. 
  

					
	RADYNE CORPORATION
		
	By:	 	  

		 	Its:	 	  

	
	GRANTEE:
	
	  

  

 4Form of Non-Qualified Stock Option Agreement

 Exhibit 10.3 
 RADYNE CORPORATION 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 This Non-Qualified Stock Option Agreement (“Agreement”) is between Radyne Corporation (“Company”) and
                                 (the “Optionee”), and is
effective as of the      day of             , 2007 (“Date of Grant”). 
 RECITALS 
 A. The Company has adopted the Radyne Corporation 2007 Stock
Incentive Plan (“Plan”) to provide incentives to attract and retain those individuals whose services are considered unusually valuable by providing them an opportunity to own stock in the Company. 
 B. The Company believes that entering into this Agreement with the Optionee is consistent with those purposes. Any capitalized term not defined in this
Agreement will have the meaning as set forth in the Plan. 
 NOW, THEREFORE, the Company and Optionee agree as follows: 
 AGREEMENT 
 1. GRANT OF
OPTION. Subject to the terms of this Agreement and Article 7 of the Plan, the Company grants to the Optionee the right and option to purchase from the Company for cash all or any part of an aggregate of
         shares of Common Stock (“Option”) of the Company (“Stock”). The delivery of any document evidencing the Option is subject to the provisions of
Section 7.1(e) of the Plan. The Option granted under this Agreement is not intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended. 
 2. PURCHASE PRICE. The purchase price under this Agreement is
$             per share of Stock, as determined by the Committee, which shall not be less than the Fair Market Value of a share of Stock on the Date of Grant. 
 3. VESTING OF OPTION. The Option shall vest and be exercisable according to the following schedule: 
 [insert vesting schedule] 
 4.
EXERCISE OF OPTION. This Option may be exercised, to the extent vested (under 3 above), in whole or in part at anytime before the Option expires by delivery of a written notice of exercise (under 5 below) and payment of the purchase
price. The purchase price may be paid in cash or such other method permitted by the Committee under Section 7.1(d) of the Plan and communicated to the Optionee before the date the Optionee exercises the Option. 

 5. METHOD OF EXERCISING OPTION. Subject to the terms of this Agreement, the Option
may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company. The notice shall state the Optionee’s election to exercise the Option and the number of underlying shares
in respect of which an election to exercise has been made. Such notice shall be signed by the Optionee, or if the Option is exercised by a person or persons other than the Optionee because of the Optionee’s death, such notice must be signed by
such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. 
 6. TERM OF OPTION. The Option granted under this Agreement expires, unless
sooner terminated, ten (10) years from the Date of Grant, through and including the normal close of business of the Company on the tenth (10th) anniversary of the Date of Grant (“Expiration Date”). 
 7.
TERMINATION OF EMPLOYMENT OR SERVICE. 
 a. If the Optionee’s employment with, or service to, the Company
terminates for any reason other than death or Disability, the Optionee may at any time within the 90-day period after the date of his or her termination of employment or service exercise the Option to the extent that the Optionee was entitled to
exercise the Option at the date of termination, provided that in no event shall the Option be exercisable after the Expiration Date. For purposes of this Agreement, the Optionee’s service will be deemed to continue if the Optionee ceases to
provide services as an employee of the Company or any subsidiary, but continues to provide services immediately after his or her termination of employment as a non-employee director, consultant or independent contractor. If the Optionee dies or
becomes Disabled while in the service of the Company or within three months following termination of such service the Option to the extent it is then exercisable may nevertheless be exercised by the Optionee or the Optionee’s personal
representative within the three-month period following the date of death or Disability of the Optionee, provided that in no event shall the Option be exercisable after the Expiration Date. 
 b. If the Optionee ceases to be employed by or to provide services to the Company by reason of his death or Disability the Option will
lapse on the earlier of (i) the Option’s expiration date, or (ii) one year after the date the Participant terminates employment on account of Disability or death. 
 8. NON-TRANSFERABILITY OF RIGHTS. Optionee may not assign or transfer Optionee’s rights under this Agreement, nor may Optionee subject
such rights (or any of them) to execution, attachment, garnishment, or similar process, except as permitted under Section 13.4 of the Plan. Any such impermissible attempted assignment or transfer by Optionee shall be null and void and shall not
be recognized by the Company. 
 9. RIGHTS OF OPTIONEE. The Optionee will have no rights as a shareholder of the Company with
respect to the grant of the Option under this Agreement until and to the extent the Option is exercised and the Company issues shares of Stock to the Optionee. 
  

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 10. NO RIGHT TO CONTINUED EMPLOYMENT OR SERVICE. This Option shall not confer upon
Optionee any right with respect to continuance of employment or service with the Company or any Subsidiary, nor shall it interfere in any way with the right of the Company to terminate his or her employment or service at any time. 
 11. FEDERAL AND STATE TAXES. Optionee may incur certain liabilities for Federal, state, or local taxes in connection with the
exercise of the Option hereunder, and the Company may be required by law to withhold such taxes. Upon determination of the year in which such taxes are due and the determination by the Company of the amount of taxes required to be withheld, Optionee
shall pay an amount equal to the amount of Federal, state, or local taxes required to be withheld to the Company. If Optionee fails to make such payment in a timely manner, the Company may withhold and set-off against compensation and any other
amounts payable to the Optionee the amount of such required payment. 
 12. ADJUSTMENT OF SHARES. The number of shares of Stock
issued to Optionee pursuant to this Agreement shall be adjusted by the Committee pursuant to Article 14 of the Plan, in its discretion, in the event of a change in the Company’s capital structure. 
 13. AMENDMENT OF AGREEMENT. This Agreement may only be amended with the written approval of Optionee and the Company. 
 14. GOVERNING LAW. This Agreement shall be governed in all respects, whether as to validity, construction, capacity, performance, or
otherwise, by the laws of the state of Delaware, without regard to conflicts-of-laws principles that would require the application of any other law. 
 15. SEVERABILITY. If any provision of this Agreement, or the application of any such provision to any person or circumstance, is held to be unenforceable or invalid by any court of competent jurisdiction
or under any applicable law, the parties hereto shall negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement, and in any
event, the validity and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 
 16. ENTIRE
AGREEMENT. This Agreement constitutes the entire, final, and complete agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, promises, understandings, negotiations,
representations, and commitments, both written and oral, between the parties hereto with respect to the subject matter hereof. Neither party hereto shall be bound by or be liable for any statement, representation, promise, inducement, commitment, or
understanding of any kind whatsoever not expressly set forth in this Agreement. 
  

 3 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
representative and Optionee has signed this Agreement, and this Agreement shall be effective as of the day and year first written above. 
  

					
	RADYNE CORPORATION
		
	By:	 	  

		 	Its:	 	  

	
	OPTIONEE:
	
	  

  

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