Document:

exv10w2

 

Exhibit 10.2

CIENA CORPORATION

2008 OMNIBUS INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AGREEMENT

     Your stock option grant by Ciena Corporation (the “Company”) is subject to the terms and
conditions set forth in (i) this Agreement, (ii) the 2008 Omnibus Incentive Plan (the “Plan”) and
(iii) the grant details contained in your OptionSelect account for this award. Certain capitalized
terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

	 	 	 
	Vesting

	 	Your option vests in accordance with
the grant details and vesting
schedule set forth in your
OptionSelect account for this award,
provided you remain in Service on
the vesting date and meet any
applicable vesting requirements set
forth in this Agreement or otherwise
applicable to this grant.
	 
	 	 
	 

	 	This option is only exercisable
before it expires and then only with
respect to the vested portion of the
option. You may exercise this
option, in whole or in part, to
purchase a whole number of vested
shares in accordance with the Plan
and this Agreement.
	 
	 	 
	 

	 	Except as provided in this
Agreement, or in any other agreement
between you and the Company, no
additional options will vest after
your Service has terminated.
	 
	 	 
	Term

	 	Your option will expire at the close
of business at Company headquarters
on the 10th anniversary of the Grant
Date. Your option will expire
earlier if your Service terminates,
as described below.
	 
	 	 
	Regular Termination of Service

	 	If your Service terminates for any
reason, other than death, Disability
or Cause, then your option will
expire at the close of business at
Company headquarters on the 90th day
after your termination date.
	 
	 	 
	Termination for 

Cause

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all rights to your option
and the option shall expire
immediately upon your termination.
	 
	 	 
	Death

	 	If your Service terminates because
of your death, your option will
automatically vest as to the number
of options that would have vested
had you remained in Service for the
12 month period immediately
following your death and your option
will expire at the close of business
at Company headquarters on the date
12 months after the date of death.

 

 

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	If you die during the 90-day period
described in connection with a
regular termination of Service
above, and a vested portion of your
option has not yet been exercised,
then your option will instead expire
on the date 12 months
after your
termination date.
	 
	 	 
	 

	 	During the12 month period above,
your estate or heirs may exercise
the vested portion of your option.
	 
	 	 
	Disability

	 	If your Service terminates because
of your Disability, your option will
automatically vest as to the number
of options that would have vested
had you remained in Service for the
12 month period immediately
following your Disability and your
option will expire at the close of
business at Company headquarters on
the date 12 months after the date of
termination.
	 
	 	 
	Leaves of Absence

	 	For purposes of this option, your
Service does not terminate when you
go on a bona fide leave of absence
approved by the Company, if the
terms of your leave provide for
continued Service crediting, or when
continued Service crediting is
required by applicable law. The
Company will determine, in its sole
discretion, whether and when a leave
of absence constitutes a termination
of Service under the Plan.
	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this
option, you must notify the Company
by completing and electronically
submitting such exercise request via
your OptionSelect account. Such
exercise will be effective only when
a valid electronic exercise
submission is received.
	 
	 	 
	Form of Payment

	 	Upon exercise of your option, you
must submit payment of the option
price for the shares you are
purchasing. Payment may be made via
(i) cash previously deposited in
your OptionSelect account; (ii) a
“cashless” exercise, by which you
deliver an irrevocable direction to
a licensed securities broker to sell
Stock and to deliver all or part of
the sale proceeds to the Company in
payment of the aggregate option
price and any applicable withholding
taxes; or (iii) as otherwise
permitted by the Administrator.
	 
	 	 
	Withholding Taxes

	 	In the event that the Company
determines that any federal, state,
local or foreign tax or withholding
payment is required relating to the
exercise or sale of shares arising
from this grant, the Company shall
have the right to require such
payments from you, or withhold such
amounts from other payments due to
you from the Company or any
Affiliate. Payment of your
withholding or other taxes may

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	 	be
made via one of the forms of payment
for exercise set forth above, or as
otherwise determined by the
Administrator.
	 
	 	 
	Transfer of Option

	 	Only you may exercise this option.
You cannot transfer or assign this
option. If you attempt to transfer
this option, it will immediately
become invalid. You may, however,
transfer this option pursuant to a
marital property settlement
agreement, dispose of this option in
your will or transfer this option
upon your death by the laws of
descent and distribution.
	 
	 	 
	Retention Rights

	 	Neither your option nor this
Agreement give you the right to be
retained by the Company or any
Affiliate in any capacity and your
Service may be terminated at any
time and for any reason.
	 
	 	 
	Shareholder Rights

	 	You have no rights as a shareholder
of the Company unless and until the
Stock relating to your exercise has
been issued (or an appropriate book
entry has been made). Except as
described in the Plan, no
adjustments are made for dividends
or other rights if the applicable
record date occurs before your Stock
is issued (or an appropriate book
entry has been made).
	 
	 	 
	Applicable Law

	 	Any suit, action or other legal
proceeding that is commenced to
resolve any matter arising under or
relating to this Agreement or the
Plan shall be commenced only in a
court in the State of Delaware and
the parties to this Agreement
consent to the jurisdiction of such
court. You agree to waive your
rights to a jury trial for any claim
or cause of action based upon or
arising out of this Agreement or the
Plan.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the
Company may process personal data
about you. Such data includes the
information provided in this
Agreement, other appropriate
personal and financial data about
you such as home address and
business addresses and other contact
information, payroll information and
any other information deemed
appropriate by the Company to
facilitate the administration of the
Plan.
	 
	 	 
	 

	 	By accepting this option, you
consent to the Company’s processing
of such personal data and the
transfer of such data outside the
country in which you work or are
employed, including, with respect to
non-U.S. residents, to the United
States, to transferees who shall
include the Company and other
persons designated by the Company to
administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	Certain statutory materials relating
to the Plan have been delivered to
you in electronic form. By accepting
this grant, you consent to
electronic delivery and acknowledge
receipt of these materials,

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	 	including the Plan and Plan
prospectus.
	 
	 	 
	Non-U.S. Residents

	 	If you are a non-U.S. resident,
additional terms and conditions with
respect to your award may apply as
set forth on the Stock
Administration page of the MyCiena
intranet.
	 
	 	 
	Non-Qualified Stock Option

	 	This option is not intended to be an
incentive stock option under Section
422 of the Internal Revenue Code and
will be interpreted accordingly.

This Agreement is not a stock certificate or a negotiable instrument.

By accepting your grant electronically via OptionSelect, you agree to the terms and conditions in
this Agreement and in the Plan and agree that the Plan will control in the event any provision of
this Agreement should appear to be inconsistent.

4exv10w3

 

Exhibit 10.3

CIENA CORPORATION

2008 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

     Ciena Corporation, a Delaware corporation, (the “Company”), hereby grants restricted stock
units relating to shares of its common stock, $.01 par value, (the “Stock”), to the individual
named below as the Grantee, subject to the vesting conditions set forth in this Agreement. This
grant is subject to the terms and conditions set forth in (i) this Agreement, (ii) the 2008 Omnibus
Incentive Plan (the “Plan”) and (iii) the grant details contained in your OptionSelect account for
this award. Capitalized terms not defined in this Agreement are defined in the Plan, and have the
meaning set forth in the Plan.

Grant Date:                     ______, 200__

Name of Grantee:                                         

Grantee’s Employee Identification Number:                     

Number of Restricted Stock Units Covered by Grant:                               

Vesting Start Date (if other than Grant Date):                     

Vesting Schedule:                                         

By accepting this grant (whether by signing this Agreement or accepting the grant electronically
via OptionSelect), you agree to the terms and conditions in this Agreement and
in the Plan and agree that the Plan will control in the event any provision of this Agreement
should appear to be inconsistent.

	 	 	 	 	 
	Holder:
	 	 
	 

	 	 
 
(Signature)
	 
	 	 
	Ciena Corporation:
	 	 
	 

	 	 
 By:
Russell B. Stevenson, Jr.

Senior Vice President and Secretary

 

 

CIENA CORPORATION

2008 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

	 	 	 
	Restricted Stock Unit Transferability

	 	This grant is an award of
restricted stock units in the
number of units set forth on the
first page of this Agreement,
subject to the vesting
conditions described in this
Agreement (“Stock Units”). Your
Stock Units may not be
transferred, assigned, pledged
or hypothecated, whether by
operation of law or otherwise,
nor may the Stock Units be made
subject to execution, attachment
or similar process.
	 
	 	 
	Vesting

	 	Your Stock Units will vest as
indicated on the first page of
this Agreement, provided you
remain in Service on the vesting
date and meet any applicable
vesting requirements set forth
in this Agreement. Except as
provided in this Agreement, or
in any other agreement between
you and the Company, no
additional Stock Units will vest
after your Service has
terminated.
	 
	 	 
	Share Delivery Pursuant to Vested Units;
Withholding Tax

	 	Shares underlying the vested
portion of the Stock Units will
be delivered to you by the
Company as soon as practicable
following the applicable vesting
date for those shares, but in no
event beyond 21/2 months after the
end of the calendar year in
which the shares would have been
otherwise delivered.
	 
	 	 
	 

	 	On the vesting date (or
as soon as practicable
thereafter), a brokerage account
in your name will be credited
with Stock representing the
number of shares that vested
under this grant (the “Vesting
Shares”). If the vesting date is
not a trading day, the Stock
will be delivered on the next
trading day. The Company will
determine the number of the
Vesting Shares necessary to
cover the amount of federal,
state, local, and foreign taxes
that the Company is required to
withhold with respect to the
Stock Unit vesting, rounding up
to the nearest whole Share of
Stock (the “Withholding
Shares”).
	 
	 	 
	 

	 	By accepting this award
of Stock Units, you irrevocably
(i) instruct the Company to
deliver the Vesting Shares to
your account; and (ii) authorize
and direct the broker, to sell,
on your behalf, the Withholding
Shares at the market price per
share at the time of such sale
and to deliver the proceeds to
the Company to be used to fund
the payment of the withholding
taxes. You further acknowledge
that this

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	 	irrevocable written
instruction is intended to
constitute an instruction
pursuant to Rule 10b5-1 of the
Exchange Act. The Company shall
be responsible for the payment
of any brokerage commissions
relating to the sale of the
Withholding Shares.
	 
	 	 
	 

	 	You acknowledge that
until the first trading day
following the broker’s sale of
the Withholding Shares, you
shall not be entitled to effect
transactions in the net Vesting
Shares credited to your
brokerage account.
	 
	 	 
	 

	 	The purchase price for the
vested Shares of Stock is deemed
paid by your prior services to
the Company.
	 
	 	 
	Forfeiture of Unvested Units

	 	Except as specifically provided
in this Agreement or as may be
provided in other agreements
between you and the Company, no
additional Stock Units will vest
after your Service has
terminated for any reason and
you will forfeit to the Company
all of the Stock Units that have
not yet vested or with respect
to which all applicable
restrictions and conditions have
not lapsed.
	 
	 	 
	Death

	 	If your Service terminates
because of your death, the Stock
Units granted under this
Agreement will automatically
vest as to the number of Stock
Units that would have vested had
you remained in Service for the
12 month period immediately
following your death.
	 
	 	 
	Disability

	 	If your Service terminates
because of your Disability, the
Stock Units granted under this
Agreement will automatically
vest as to the number of Stock
Units that would have vested had
you remained in Service for the
12 month period immediately
following your Disability.
	 
	 	 
	Termination For Cause

	 	If your Service is terminated
for Cause, then you shall
immediately forfeit all rights
to your Stock Units and this
award shall immediately
terminate.
	 
	 	 
	Leaves of Absence

	 	For purposes of this grant, your
Service does not terminate when
you go on a bona fide leave of
absence approved by the Company,
if the terms of your leave
provide for continued Service
crediting, or when continued
Service crediting is required by
applicable law. The Company will
determine, in its sole
discretion, whether and when a
leave of absence constitutes a
termination of Service under the
Plan.

-3-

 

	 	 	 
	Retention Rights

	 	Neither your Stock Units nor
this Agreement give you the
right to be retained by the
Company or any Affiliate in any
capacity and your Service may be
terminated at any time and for
any reason.
	 
	 	 
	Shareholder Rights

	 	You have no rights as a
shareholder unless and until the
Stock relating to the Stock
Units has been issued to you (or
an appropriate book entry has
been made). Except as described
in the Plan or herein, no
adjustments are made for
dividends or other rights if the
applicable record date occurs
before your Stock is issued (or
an appropriate book entry has
been made). If the Company pays
a dividend on its Stock, you
will, however, be entitled to
receive a cash payment equal to
the per-share dividend paid on
the Stock times the number of
vested Stock Units that you hold
as of the record date for the
dividend.
	 
	 	 
	Applicable Law

	 	Any suit, action or other legal
proceeding that is commenced to
resolve any matter arising under
or relating to this Agreement or
the Plan shall be commenced only
in a court in the State of
Delaware and the parties to this
Agreement consent to the
jurisdiction of such court. You
agree to waive your rights to a
jury trial for any claim or
cause of action based upon or
arising out of this Agreement or
the Plan.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan,
the Company may process personal
data about you. Such data
includes the information
provided in this Agreement,
other appropriate personal and
financial data about you such as
home address and business
addresses and other contact
information, payroll information
and any other information deemed
appropriate by the Company to
facilitate the administration of
the Plan.
	 
	 	 
	 

	 	By accepting this option, you
consent to the Company’s
processing of such personal data
and the transfer of such data
outside the country in which you
work or are employed, including,
with respect to non-U.S.
residents, to the United States,
to transferees who shall include
the Company and other persons
designated by the Company to
administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	Certain statutory materials
relating to the Plan have been
delivered to you in electronic
form. By accepting this grant,
you consent to electronic
delivery and acknowledge receipt
of these materials, including
the Plan and Plan prospectus.

-4-

 

	 	 	 
	Non-U.S. Residents

	 	If you are a non-U.S. resident,
additional terms and conditions
with respect to your award may
apply as set forth on the Stock
Administration page of the
MyCiena intranet.

This Agreement is not a stock certificate or a negotiable instrument.

-5-

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