Document:

Exhibit
10-b

 

COMPENSATION PLAN FOR NONEMPLOYEE
DIRECTORS

OF ADC TELECOMMUNICATIONS, INC.

AMENDED AND RESTATED AS OF JANUARY 1, 2004

 

1.                                      Purpose

 

The purpose of this
Compensation Plan (the “Plan”) is to enable Directors of ADC
Telecommunications, Inc. (the “Company”) who are not employees of the Company
to elect to receive their fees as members of the Board of Directors in a form
most advantageous to them. The Plan permits such Directors to elect to receive
this compensation in one or more of the following methods:

 

a.                                       In
cash on a current basis;

 

b.                                      In
cash on a deferred basis (a “Deferred Cash Election”);

 

c.                                       In
Company stock on a deferred basis (a “Deferred Stock Election”); or

 

d.                                      If
determined by the Compensation Committee of the Board of Directors each year,
in options to acquire Company stock on a current basis (an “Option Exchange
Election”).

 

2.                                      Effective
Date

 

This Plan was originally
adopted on March 30, 1982.  The
effective date of this restatement is January 1, 2004.

 

3.                                      Eligibility

 

All members of the Board
of Directors who are not employees of the Company (“Participants”) are eligible
for the Plan.

 

4.                                      Compensation
Covered by the Plan

 

The compensation covered
by the Plan which is eligible to be deferred or exchanged is as follows (the
“Eligible Fees”):

 

a.                                       For
a Deferred Cash Election:  the annual
cash retainer, any non-Executive Board or Committee Chair retainer, and all
meeting attendance fees;

 

b.                                      For
a Deferred Stock Election or an Option Exchange Election:  The annual cash retainer and any Board
Committee Chair retainer.

 

No other compensation or
fees otherwise payable to a Director shall be eligible for an election under
this Plan.

 

5.                                      Election
to Defer

 

 

Elections to defer
Eligible Fees must be made with respect to each Plan Year.  Each Participant may, in lieu of receiving
current covered compensation for any Plan Year, elect to defer Eligible Fees as
follows using the Deferral Election Form attached hereto as Exhibit A:

 

a.                                       All
Eligible Fees;

 

b.                                      Any
designated percentage of his/her Eligible Fees; or

 

c.                                       Any
designated dollar amount of his/her Eligible Fees.

 

To be effective for any
Plan Year, a Deferral Election Form must be submitted to the Company prior to
the first day of the Plan Year.  That
portion of Eligible Fees for which a valid Deferral Election Form has not been
timely received by the Company will be paid in cash in accordance with the
Company’s customary practice of paying such Eligible Fees.  Once a Plan Year has commenced, all Deferral
Elections under this Plan for such Plan Year shall be irrevocable.

 

6.                                      Plan
Year

 

The
Plan shall operate on a calendar year basis.

 

7.                                      Deferred
Cash Election

 

For Directors who make a
Deferred Cash Election, the Company will establish an account (a “Deferral
Account”) and will credit to the Deferral Account the amount of the Eligible
Fees earned by him/her as of the date such fees would normally be payable by
the Company. In addition, the Company shall accrue as of the last day of each
month, interest on the balance in such Deferral Account at the prime commercial
rate (the “Prime Rate”) of Wells Fargo Bank Minnesota, N.A., in effect for such
month.

 

a.                                       Funding
of the Deferral Account

 

The amounts credited to
each Participant’s Deferral Account shall not be held by the Company in a
trust, escrow or similar fiduciary capacity, and neither the Participant, nor
any legal representative, shall have any right against the Company with respect
to any portion of the Deferral Account except as a general unsecured creditor
of the Company.

 

b.                                      Timing
of Distributions

 

At the time a
Participant’s initial Deferred Cash Election is made, each Participant shall
specify the time and manner in which the balance in his/her Deferral Account
shall be distributed.  The time and
manner for distributions specified on a Participant’s initial election form shall
remain in effect for all  successive elections until amended in accordance with Section
7(d).  If a Participant does not specify
an election for the timing and manner of a distribution, the balance of a
Participant’s Deferral Account shall be distributed in a lump sum within 30
days following such Participant’s cessation of service as a member of the Board
of Directors.  The Participant shall be
entitled to receive, or to commence receiving, his/her deferred cash compensation
as follows:

 

i.                              On a
date set by him/her;

 

ii.                           On the
occurrence of a stated event, such as his/her death, retirement from his/her
principal business activity, termination of services as a Director, disability

 

2

 

or any
other event or occurrence stipulated by him/her and approved by the Company.

 

c.                                       Manner
of Distribution

 

Each Participant shall be
entitled to receive the balance in his/her Deferral Account in any one of the
following manners:

 

i.                            In
a lump sum;

 

ii.                         In
approximately equal quarterly installments over a period of years stipulated by
him/her;

 

iii.                      In
approximately equal quarterly installments of a value stipulated by him/her
until the Deferral Account is exhausted; or

 

iv.                     Any
other form or manner of distribution determined by him/her and approved by the
Company.

 

d.                                      Amendments
to Timing or Form of Distribution

 

A Participant may rescind
the initial designation of the timing and manner of distribution made pursuant
to Section 7(b) by making a new designation on the Distribution Amendment Form
attached hereto as Exhibit B.  To be effective, such Distribution Amendment
Form must be made no later than the last day of the second Plan Year preceding
the Plan Year in which distribution is to commence.  (By way of example, a Participant who receives a distribution in
2004 must have made a new designation no later than December 31, 2002, for the
new designation to be effective.)  Once
distributions have commenced pursuant to a valid distribution election, no
further amendments to the manner of such distribution may be made.

 

8.                                      Deferred
Stock Election

 

a.                                       Exchange
Election

 

Eligible Participants may
elect to exchange part or all of their Eligible Fees for a Plan Year for the
Company’s commitment to issue to such Participants a fixed number of shares of
common stock of the Company at a future date. 
No actual shares of common stock shall be issued until the distribution
date described in Section 8(c) hereof. 
The Company’s commitment to issue shares shall be referred to as
“Phantom Shares.”  The Phantom Shares
shall not be considered issued and outstanding shares for purposes of
shareholder voting rights, but shall be treated the same as outstanding shares
for purposes of dividends and other distributions.

 

The number of shares
which the Company shall be obligated to issue as a result of a Deferred Stock
Election will equal the dollar amount of the Eligible Fee elected to be
deferred divided by the closing price of ADC common stock on first business day
of the Plan Year for which the election is effective, rounded to the nearest
whole number of shares.  An example of
this calculation is attached hereto as Exhibit C.

 

3

 

b.                                      Terms
and Vesting of Phantom Shares

 

The Phantom Shares shall
be subject to forfeiture if the Participant ceases to serve as a Director at
any time during the Plan Year for which such Phantom Shares were issued.  All Phantom Shares issued under and subject
to the terms of this Plan will be issued under the Company’s Global Stock
Incentive Plan and/or its successor plans and shall be deemed to be “restricted
stock units” for purposes of such Plan.

 

c.                                       Distribution
of Phantom Shares

 

Provided
that the Phantom Shares have not been forfeited, the actual shares of the
Company’s common stock represented by the Phantom Shares will be distributed as
soon as administratively feasible following the Participant’s cessation of
service as a member of the Board of Directors.

 

9.                                      Option
Exchange Election

 

a.                                       Exchange
Election

 

If so determined by the
Compensation Committee of the Board of Directors prior to the start of each
Plan Year, participants may elect to exchange part or all of their Eligible
Fees for a Plan Year for options to purchase common stock of the Company.  The number of option shares granted as a
result of the exchange will equal the dollar amount of the Eligible Fees
elected to be exchanged multiplied by 4.5, with this product being divided by
the closing price of ADC common stock on the effective date of the grant.  The final number of option shares will be
rounded to the nearest whole number of shares. 
An example of this exchange calculation is attached hereto as Exhibit D.

 

b.                                      Effective
Date of Stock Option Grant

 

The effective date of the
stock options granted under the Plan will be the first business day of the Plan
Year for which an election is made.

 

c.                                       Terms
and Vesting of Options

 

The exercise price of the
stock options granted under this Plan will be the closing price of the
Company’s common stock on the effective date of the grant.  All options granted under this Plan shall
vest and become exercisable one (1) year after the effective date of the grant,
provided that the Participant continues to serve as a Director of the Company
during such one (1) year period.  The
term of the options granted under this Plan shall be ten (10) years, subject to
earlier termination in the case of death. 
All options granted under this Plan will be nonqualified stock options,
and not “incentive stock options” within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended.

 

d.                                      Stock
Option Issuance

 

All stock options issued
under this Plan will be granted under the Company’s Global Stock Incentive Plan
and/or its successor plans.  The terms
of each option grant will be detailed in the Global Stock Incentive Plan and a
stock option agreement provided as soon as administratively feasible following
the date of the grant.

 

4

 

10.                               General
Provisions

 

a.                                       Distribution
in Event of Death

 

In the event of death,
distribution of the Deferral Account or actual shares of common stock
represented by Phantom Shares will be made to the Beneficiary named by the
Participant or to that person who would have a right to receive such
distribution by will or by the applicable laws of descent and
distribution.  The transfer of
outstanding stock options in the event of death shall be determined by the
terms of the stock option agreement and the Company’s Global Stock Incentive
Plan.

 

b.                                      Distribution
in Event of Change of Control

 

Notwithstanding any other
provision of this Plan, in the event of a Change of Control (as defined below),
each Participant shall receive within ten (10) business days after the date of
such Change of Control, the following:

 

i.                                          If
a Participant has a balance in the Deferral Account, a lump sum payment of the
entire balance contained in his/her Deferral Account, together with interest at
the Prime Rate, on the average daily balance in such Deferral Account for the
period since the last interest accrual pursuant to Section 7 through the date
of such Change of Control;

 

ii.                                       If
a Deferred Stock Election is in effect, a distribution of the number of shares
represented by the Phantom Shares issued pursuant to such election, including
any Phantom Shares that have not yet vested pursuant to Section 8(b) hereof.

 

iii.                                    If
an Option Exchange Election is in effect, the exercisability of the options
will be determined by the terms of the stock option agreement.

 

For purposes of this
Section 10(c), a “Change in Control” shall have the meaning given to such
phrase in the Company’s Executive Change in Control Severance Pay Plan (2002
Restatement), effective July 1, 2001.

 

d.                                      Administration
of the Plan

 

The Plan shall be
administered by the Board of Directors or Compensation Committee of the Board
of Directors.

 

e.                                       Amendment
or Termination

 

This Plan may be amended
or terminated at any time by the Board of Directors or the Compensation
Committee of the Board of Directors.

 

f.                                         Cautionary
Statement

 

Participants should be
aware that their participation in the Plan involves the following risks, among
others:

 

i.                                          Balances
in the Deferral Account represented unfunded, unsecured general obligations of
the Company.  If the Company is unable
to pay its debts as they become due, Participants may not be able to collect
the balances in their Deferral Accounts.

 

5

 

ii.                                       The
value of the Phantom Shares issued and the stock options granted pursuant to
the Plan will depend on the value of ADC common stock.  An investment in ADC common stock involves
risk.  Participants are encouraged to
review ADC’s filings with the U.S. Securities and Exchange Commission for a
description of some of the risk factors associated with an investment in ADC’s
common stock.

 

iii.                                    Except
as otherwise provided in the Plan, stock options and the Phantom Shares issued
pursuant to the Plan are subject to forfeiture if a Participant does not
maintain service as a Director through the end of the Plan Year of such
issuance.

 

6

 

EXHIBIT A

 

DEFERRAL ELECTION FORM

 

I, the undersigned, a
Director of ADC Telecommunications, Inc., am making the following elections for
the deferral of any Eligible Fees I may receive, as described in the
Compensation Plan for Nonemployee Directors of ADC Telecommunications, Inc.
(restated as of January 1, 2004).

 

I elect to defer the
Eligible Fees for the Plan Year commencing January 1,
             
(specify dollar amount or percent of Eligible Fees):

 

	
   

  	
   

  	
  Deferred
  Cash

  Election

  	
   

  	
  Deferred
  Stock

  Election

  	
   

  	
  Option
  Exchange

  Election*

  	
   

  
	
  Annual
  Retainer

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Chair
  Retainer (Board or Committee)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Meeting
  Attendance Fees

  	
   

  	
   

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  

 

*This column to be
included in the annual election form only if applicable based on the discretion
of the Compensation Committee of the Board.

 

If you are making an initial Deferred
Cash Election, please specify the timing and manner for distribution of your
Deferred Account:

 

I elect to begin
receiving deferred cash compensation on:

 

Specified Date
               

Specified Event
                                                       

 

I elect to receive
deferred cash compensation in the following manner:

 

    Lump
Sum

    Equal
Quarterly Installments for     number of years.

    Equal
Quarterly Installments of       dollars.

    Other
Manner 
                                          

 

I understand that any
election I make to defer Eligible Fees will be covered by the terms of the
Compensation Plan for Nonemployee Directors of ADC Telecommunications, Inc.
(restated as of January 1, 2004), a copy of which I have received.

 

	
  Date 

  	
   

  	
   

  	
  By 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Print Name)

  	
   

  
							

 

7

 

EXHIBIT B

 

DISTRIBUTION AMENDMENT FORM

 

 

I, the undersigned, a
Director of ADC Telecommunications, Inc., hereby amend the distribution plan
for the balance in my Deferred Account maintained pursuant to the Compensation
Plan for Nonemployee Directors of ADC Telecommunications, Inc. (restated as of
January 1, 2004), as follows:

 

 

I elect to begin
receiving deferred cash compensation on:

 

Specified Date
               

Specified Event
                                                       

 

I elect to receive
deferred cash compensation in the following manner:

 

    Lump
Sum

    Equal
Quarterly Installments for     number of years.

    Equal
Quarterly Installments of       dollars.

    Other
Manner 
                                          

 

 

I understand that this
amendment is only effective if my distributions commence on or after the first
day of the second Plan Year after the Plan Year during which this amendment is
filed.

 

	
  Date 

  	
   

  	
   

  	
  By 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Print Name)

  	
   

  
							

 

8

 

EXHIBIT C

 

DEFERRED STOCK EXAMPLE – PHANTOM
SHARES

 

Assumptions

 

	
  Deferred Stock
  Election:

  	
  50% of Eligible Fees

  
	
  Annual Cash Retainer
  Fee:

  	
  $25,000

  
	
  FMV of stock on first
  business day of Plan Year:

  	
  $5.00

  
	
  Effective Date of Grant:

  	
  First business day of
  Plan Year

  

 

 

	
  Exchange Calculation

  	
  (Number of Phantom
  Shares awarded)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Fee x Exchange
  Election%

  	
   

  	
  =

  
	
   

  	
  FMV per share on
  Effective Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  $25,000 x 50%

  	
   

  	
  =

  
	
   

  	
  $5.00

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $12,500

  	
   

  	
  =  2,500 Phantom Shares

  
	
   

  	
   

  	
  $5.00

  	
   

  
										

 

9

 

EXHIBIT D

 

EXCHANGE EXAMPLE – STOCK OPTIONS*

 

Assumptions

 

	
  Option Exchange
  Election:

  	
  50% of Eligible Fees

  
	
  Annual Cash Retainer
  Fee:

  	
  $25,000

  
	
  FMV of stock on first
  business day of Plan Year:

  	
  $5.00

  
	
  Effective Date of
  Grant:

  	
  First business day of
  Plan Year

  

 

 

	
  Exchange Calculation

  	
  (Number of Phantom
  Shares awarded)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Fee x Exchange
  Election% x 4.5

  	
   

  	
  =

  
	
   

  	
  FMV per share on
  Effective Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   $25,000 x 50% x  4.5

  	
   

  	
  =

  
	
   

  	
  $5.00

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  $56,250

  	
   

  	
  =  11,250 option shares

  
	
   

  	
   

  	
  $5.00

  	
   

  	
   

  
										

 

 

Exercise Price of
Options:  $5.00 (FMV on grant date)

 

*This Example to be
included in annual form only if applicable based on the discretion of the
Compensation Committee of the Board.

 

10

 

EXHIBIT
E

BENEFICIARY
ELECTION FORM

 

COMPENSATION
PLAN FOR NONEMPLOYEE DIRECTORS OF

ADC TELECOMMUNICATIONS, INC.

 

I.                                         DIRECTOR
INFORMATION 

 

	
  Last Name

  	
  First

  	
  MI (if applicable)

  

 

Mailing Address (If you have
an address change, contact your Human Resources Department)

 

	
  City

  	
  Province (if
  applicable) Country

  	
  Postal Code

  

 

II.                  BENEFICIARY
DESIGNATION

 

In accordance with the
provisions of the Plan, I hereby designate any and all deferral amounts payable
under the Plan by reason of my death to the following beneficiary(ies).  Further, I understand that should my primary
beneficiary(ies) precede me in death, my contingent beneficiary(ies) will
become the primary beneficiary(ies) of my Plan account and any accumulated
contributions.  I understand that this
beneficiary designation revokes any previous designation(s).  I understand that in the event any persons
designated below survive me, any and all death benefits payable will be
distributed in accordance with the provisions of the Plan.  I also reserve the right to change this
designation at any time by completing a new Beneficiary Election Form.

 

PRIMARY BENEFICIARY(IES)

 

	
  Name

  	
   

  	
  Relationship

  (Date of Birth)

  	
   

  	
  Address
  & Phone Number

  	
   

  	
  Percent Of
  Benefit

  (Total = 100%)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

CONTINGENT BENEFICIARY(IES)

 

	
  Name

  	
   

  	
  Relationship

  (Date of Birth)

  	
   

  	
  Address
  & Phone Number

  	
   

  	
  Percent Of
  Benefit

  (Total = 100%)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

III.                                 SIGNATURE

 

	
  Signature

  	
  Date

  

 

11Exhibit
10-c

 

ADC
TELECOMMUNICATIONS, INC.

 

RESTRICTED
STOCK UNIT AWARD AGREEMENT

(Nonemployee
Director – Director Compensation Plan)

 

TO:              <<Participant>>

 

You
have been granted this restricted stock unit award (the “Award”) of ADC
Telecommunications, Inc. (the “Company”) pursuant to the Company’s Global Stock
Incentive Plan (the “Plan”) by reason of your election to exchange director
fees for this Award under the Company’s Compensation Plan for Nonemployee
Directors.  The Award represents the
right to receive shares of Common Stock of the Company subject to the
fulfillment of the vesting conditions set forth in this agreement (this
“Agreement”).

 

The
terms of the Award are as set forth in this Agreement and in the Plan.  The Plan is incorporated into this Agreement
by reference, which means that this Agreement is limited by and subject to the
express terms and provisions of the Plan. 
In the event of a conflict between the terms of this Agreement and the
terms of the Plan, the terms of the Plan shall control.  Capitalized terms that are not defined in
this Agreement have the meanings given to them in the Plan.  The terms of the Award are as
follows:

 

1.             Grant Date: 
                              

 

2.             Number of Restricted Stock Units
Subject to this Award:                          

 

3.             Vesting Date: 
January 1 of the year immediately following the year in which the  Grant Date occurs.  No Shares shall be distributed on the Vesting Date.  Shares will be distributed pursuant to
Section 4 hereof.

 

4.             Conversion
of Restricted Stock Units and Issuance of Shares. 
Subject to your continued service as a director until the Vesting Date,
you shall receive, in accordance with the terms and provisions of the Plan and
this Agreement, one share of Common Stock for each restricted stock unit on the
earliest practicable date (as determined by the Company) following your
retirement, resignation or removal as a director of the Company.

 

5.             Cessation of Service as a Director.  If
you cease to be a director of the Company at any time prior to the Vesting
Date, all restricted stock units that are subject to this Award shall be
forfeited and cancelled.

 

6.             Right to
Shares; Dividends.  You shall
not have any right in, to or with respect to any of the Shares (including any
voting rights issuable under the Award) until the Award is settled by the
issuance of Shares to you. 
Notwithstanding the foregoing, if the Company declares and pays cash
dividends on it Shares, you will be entitled to receive such cash dividends in
the form of Dividend Equivalents at the same rate and at the same time as such
cash dividends are paid with respect to Shares.

 

8.             Transfer of Award.  Your
rights under the Award may not be sold, assigned, transferred, pledged or
disposed of in any way, except by will or by the laws of descent and
distribution, without the prior written consent of the Company.

 

9.             Acceleration of Vesting Date.  In the event of a “Change in Control” of the
Company prior to the Vesting Date, the Vesting Date shall be accelerated to the
effective

 

 

date of such Change in Control.  The distribution date set forth in Section 4
hereof shall not be effected by such Change in Control.  For purposes of this Agreement, the following
terms shall have the definitions set forth below:

 

(a)           “Change in Control” shall mean:

 

(i)                                     a
change in control of the Company of a nature that would be required to be
reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether
or not the Company is then subject to such reporting requirement;

 

(ii)                                  the
public announcement (which, for purposes of this definition, shall include,
without limitation, a report filed pursuant to Section 13(d) of the Exchange
Act) by the Company or any “person” (as such term is used in Sections 13(d) and
14(d) of the Exchange Act) that such person has become the “beneficial owner”
(as defined in Rule 13d-3 promulgated under the Exchange Act), directly or
indirectly, of securities of the Company representing 20% or more of the
combined voting power of the Company’s then outstanding securities, determined
in accordance with Rule 13d-3, excluding, however, any securities acquired
directly from the Company (other than an acquisition by virtue of the exercise
of a conversion privilege unless the security being so converted was itself
acquired directly from the Company); however, that for purposes of this clause
the term “person” shall not include the Company, any subsidiary of the Company
or any employee benefit plan of the Company or of any subsidiary of the Company
or any entity holding shares of Common Stock organized, appointed or
established for, or pursuant to the terms of, any such plan;

 

(iii)                               the Continuing Directors
cease to constitute a majority of the Company’s Board of Directors;

 

(iv)                              consummation
of a reorganization, merger or consolidation of, or a sale or other disposition
of all or substantially all of the assets of, the Company (a “Business
Combination”), in each case, unless, following such Business Combination, (A)
all or substantially all of the persons who were the beneficial owners of the
Company’s outstanding voting securities immediately prior to such Business
Combination beneficially own voting securities of the corporation resulting
from such Business Combination having more than 50% of the combined voting
power of the outstanding voting securities of such resulting Corporation and
(B) at least a majority of the members of the Board of Directors of the
corporation resulting from such Business Combination were Continuing Directors
at the time of the action of the Board of Directors of the Company approving
such Business Combination;

 

(v)                                 approval
by the shareholders of the Company of a complete liquidation or dissolution of
the Company; or

 

(vi)                              the
majority of the Continuing Directors determine in their sole and absolute
discretion that there has been a change in control of the Company.

 

2

 

(b)                                 “Continuing
Director” shall mean any person who is a member of the Board of Directors of
the Company, while such person is a member of the Board of Directors, who is
not an Acquiring Person (as defined below) or an Affiliate or Associate (as
defined below) of an Acquiring Person, or a representative of an Acquiring
Person or of any such Affiliate or Associate, and who (x) was a member of the
Board of Directors on the date of this Agreement as first written above or
(y) subsequently becomes a member of the Board of Directors, if such  person’s initial nomination for election or
initial election to the Board of Directors is recommended or approved by a
majority of the Continuing Directors. 
For purposes of this subparagraph (b), “Acquiring Person” shall mean any
“person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
who or which, together with all Affiliates and Associates of such person, is
the “beneficial owner” (as defined in Rule 13d-3 promulgated under the Exchange
Act), directly or indirectly, of securities of the Company representing 20% or
more of the combined voting power of the Company’s then outstanding securities,
but shall not include the Company, any subsidiary of the Company or any
employee benefit plan of the Company or of any subsidiary of the Company or any
entity holding shares of Common Stock organized, appointed or established for,
or pursuant to the terms of, any such plan; and “Affiliate” and “Associate”
shall have the respective meanings ascribed to such terms in Rule 12b-2
promulgated under the Exchange Act.

 

9.                                      Further
Acts.  You agree to execute and deliver any additional documents and to perform
any other acts necessary to give full force and effect to the terms of this
Agreement.

 

10.                               New,
Substituted or Additional Securities.  In
the event of any stock dividend, stock split or consolidation or any like
capital adjustment of any of the outstanding securities of the Company, all
new, substituted or additional securities or other property to which you become
entitled by reason of the Award shall be subject to forfeiture to the Company
with the same force and effect as is the Award immediately prior to such event.

 

11.                               Severability.  In the event that any provision of this
Agreement is deemed to be invalid or unenforceable, the remaining provisions shall
nevertheless remain in full force and effect without being impaired or
invalidated in any way.

 

12.                               Governing
Law.  This Agreement shall be
governed by and construed in accordance with the laws of the State of Minnesota
without regard to conflict of laws principles.

 

13.                               Limitation
on Rights; No Right to Future Grants; Extraordinary Item.  By
entering into this Agreement and accepting the Award, you acknowledge that:
(a) the Plan is discretionary and may be modified, suspended or terminated
by the Company at any time as provided in the Plan; (b) the grant of the
Award is a one-time benefit and does not create any contractual or other right
to receive future grants of awards or benefits in lieu of awards; (c) all
determinations with respect to any such future grants, including, but not
limited to, the times when awards will be granted, the number of Shares subject
to each award, the award price, if any, and the time or times when each award
will be settled, will be at the sole discretion of the Company; (d) your
participation in the Plan is voluntary; (e)  the future value of the
Common Stock subject to the Award is unknown and cannot be predicted with
certainty, and (f) neither the Plan, the Award nor the issuance of the
Shares confers upon you any right to continue as a director of the Company, nor
do they limit in any respect the right of the Company to terminate your
relationship with the Company at any time.

 

3

 

14.          Execution
of Award Agreement.  Please acknowledge your acceptance of the
terms and conditions of the Award by signing one copy of this Agreement and
returning it to the address indicated below. 
If you have not notified the Company of your rejection of the Award
within thirty (30) days after your receipt of this Agreement, you will have
consented to all of the terms and provisions hereof.

 

 

	
   

  	
  ADC TELECOMMUNICATIONS,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 

ACCEPTANCE AND ACKNOWLEDGMENT

 

I accept the
Restricted Stock Unit Award described in this Agreement and in the Plan, and
acknowledge receipt of a copy of this Agreement, the Plan and the applicable
Plan Summary, and acknowledge that I have read them carefully and that I fully
understand their contents.

 

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  <<Participant>>

  
	
   

  	
   

  
	
  Return to:

  	
   

  
	
   

  	
   

  
	
  ADC Telecommunications,
  Inc.

  	
   

  
	
  Office of the General
  Counsel

  	
   

  
	
  P.O. Box 1101

  	
   

  
	
  Minneapolis, MN 55440-1101

  	
   

  
	
  Fax:  952-917-0893

  	
   

  

 

4

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