Document:

exv10w1

EXHIBIT 10.1

AMENDED AND RESTATED FIRST AMENDMENT TO THE

AMENDED AND RESTATED

IXIA 2008 EQUITY INCENTIVE PLAN

          WHEREAS, Ixia (“Ixia” or the “Company”) previously adopted the Ixia 2008 Equity Incentive Plan
effective April 11, 2008; and

          WHEREAS, the Company amended and restated the Ixia 2008 Equity Incentive Plan (as amended and
restated, the “Plan”) effective as of May 19, 2010; and

          WHEREAS, the Company reserved the right to further amend the Plan pursuant to Section 16
thereof; and

          WHEREAS, the Company desires to amend the Plan to modify the maximum permissible terms of
Option and SAR Awards and to make certain other changes.

          NOW, THEREFORE, the Plan is amended as follows:

	1.	 	All capitalized terms used herein, unless otherwise defined herein, shall have the same
meanings as such terms have in the Plan.
	 
	2.	 	A new Section 3A is added to the Plan as follows:
	 
	 	 	“3A.  Shares Not Available for Awards.
	 
	 	 	Notwithstanding anything to the contrary contained in the Plan, none of the following
Shares shall be added to the Shares available for Awards under the Plan: (i) Shares tendered
by a Participant or withheld by the Company after December 31, 2010 in payment of the
exercise price of an Option, or to satisfy any tax withholding obligation with respect to
Options or SARs, (ii) Shares subject to a SAR that are not issued upon exercise in
connection with the stock settlement of the SAR after December 31, 2010, and (iii) Shares
reacquired by the Company on the open market or otherwise after December 31, 2010 using cash
proceeds from the exercise of Options.”
	 
	3.	 	Section 5(b) of the Plan is amended to add a new sentence thereto as follows:
	 
	 	 	“Further, the Committee shall not have the authority to amend or adjust Options or SARs
previously granted to a Participant under the Plan to (a) reduce the exercise price or grant
price, (b) cancel the Options or SARs when the exercise price or grant price exceeds the
Fair Market Value of the Shares in exchange for cash or another Award (other than in
accordance with Section 14 of the Plan), or (c) take any other action that would be treated
as a repricing under the rules and regulations of the principal U.S. national securities
exchange on which the Shares are traded, without the approval of the shareholders of the
Company obtained in the manner provided in Section 15 of the Plan.”

 

 

	4.	 	Section 7(e) of the Plan is amended in its entirety to read as follows:
	 
	 	 	“e.     Term of Options. The term of each Option may be up to seven years from the date
of grant thereof; provided, however, that the term of an Incentive Stock
Option granted to an Employee who, at the time the Incentive Stock Option is granted, owns
or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) stock
possessing more than ten percent of the total combined voting power of all classes of stock
of the Company, shall be five years from the date of grant thereof or such shorter term as
may be provided in the Option Agreement.
	 
	 	 	The term of any Option may be less than the maximum term provided for herein as specified by
the Committee upon grant of the Option and as set forth in the Option Agreement.”
	 
	5.	 	Section 8(c) of the Plan is deleted in its entirety.
	 
	6.	 	Section 11(c) of the Plan is amended in its entirety to read as follows:
	 
	 	 	“c.     Term of SAR. The term of a SAR granted under the Plan may be up to seven years
from the date of grant thereof.
	 
	 	 	          The term of any SAR may be less than the maximum term provided for herein as specified
by the Committee upon grant of the SAR and as set forth in the SAR Award Agreement.”
	 
	7.	 	Section 12 is amended by inserting a new subsection (d) to read as follows, and renaming the
subsection thereafter as subsection (e):
	 
	 	 	“d.     Dividends and Dividend Equivalents. Cash dividends and Dividend Equivalents on
Restricted Stock and Restricted Stock Unit Awards that are subject to this Section 12 shall,
notwithstanding the provisions of Section 9(b) and 10(b) of the Plan, either (i) not be paid
or credited or (ii) be accumulated and subject to achievement of the performance goals to
the same extent as the Restricted Stock or Restricted Stock Units.”
	 
	8.	 	Section 13 is amended by adding a new sentence thereto as follows:
	 
	 	 	“In no event may an Award be transferred hereunder for consideration, and in no event may a
Permitted Transferee be other than (i) the Participant’s spouse, children or grandchildren
(including any adopted and step children or grandchildren), parents, grandparents or
siblings, (ii) a trust for the benefit of one or more of the Participant or the persons
referred to in clause (i), (iii) a

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	 	 	partnership, limited liability company or corporation in which the Participant or the
persons referred to in clause (i) are the only partners, members or shareholders or (iv) a
charitable organization.”
	 
	9.	 	Section 13 is amended by amending the first sentence thereof to read as follows:
	 
	 	 	“Except as otherwise provided in a Participant’s Award Agreement or otherwise determined at
any time by the Committee in accordance with this Section 13, no Awards granted under the
Plan, and no Shares subject to any such Awards, that have not been issued or as to which any
applicable vesting restriction, performance or deferral period has not lapsed, may be sold,
pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner, either
voluntarily or involuntarily by operation of law, other than by will or by the laws of
descent or distribution or transfers between spouses incident to a divorce.”
	 
	10.	 	Section 16(a) is amended by adding a new sentence thereto as follows:
	 
	 	 	“Further, no revision or amendment shall, without the approval of the Company’s
shareholders, cancel Options or SARs in exchange for cash when the exercise price or grant
price per share exceeds the Fair Market Value of the Shares or take any action with respect
to Options or SARs that would be treated as a repricing under the rules and regulations of
the principal securities exchange on which the Shares are traded, including a reduction of
the exercise price or grant price of Options or SARs and the exchange of Options or SARs for
other Awards (or amend the provisions of Section 5(b) relating to such actions by the
Committee).”
	 
	11.	 	This Amended and Restated First Amendment shall be effective May 4, 2011.

          IN WITNESS WHEREOF, the undersigned has executed this Amended and Restated First Amendment to
the Plan as of the date set forth below.

	 	 	 	 	 
	 	IXIA

 	 
	Date:  May 4, 2011 	By:  	/s/ Ronald W. Buckly
 	 
	 	 	Ronald W. Buckly 	 
	 	 	Senior Vice President, Corporate Affairs and General Counsel 	 
	 

3exv10w2

EXHIBIT 10.2

SECOND AMENDMENT TO THE

AMENDED AND RESTATED

IXIA 2008 EQUITY INCENTIVE PLAN

          WHEREAS, Ixia (“Ixia” or the “Company”) previously adopted the Ixia 2008 Equity Incentive Plan
effective April 11, 2008; and

          WHEREAS, the Company amended and restated the Ixia 2008 Equity Incentive Plan, as amended,
effective as of May 19, 2010, and further amended such plan effective April 8, 2011 (the “Plan”);
and

          WHEREAS, the Company reserved the right to further amend the Plan pursuant to Section 16
thereof; and

          WHEREAS, the Company desires to further amend the Plan to increase the total number of shares
authorized for issuance under the Plan, implement a fungible share count provision, and make
certain other changes.

          NOW, THEREFORE, the Plan is amended as follows:

	1.	 	All capitalized terms used herein, unless otherwise defined herein, shall have the same
meanings as such terms have in the Plan.
	 
	2.	 	Section 3 of the Plan is amended in its entirety to read as follows:
	 
	 	 	“3.   Shares Reserved.
	 
	 	 	a.     Maximum Shares. The maximum number of Shares available for awards pursuant to
the Plan effective as of the Company’s 2011 Annual Meeting of Shareholders shall be
9,950,000 Shares (or the number of shares of stock to which such Shares shall be adjusted as
provided in Section 14 of the Plan). Options and SARs awarded after December 31, 2010 shall
reduce the number of Shares available for Awards by one Share for every one Share subject to
such Awards. Restricted Stock Awards and Restricted Stock Units awarded after December 31,
2010 shall reduce the number of Shares available for Awards by two Shares for every one
Share subject to such Awards. The number of Shares reserved for issuance under the Plan may
be set aside out of authorized but unissued Shares not reserved for any other purpose or (to
the extent permitted under applicable law) out of issued Shares acquired for and held in the
treasury of the Company from time to time.
	 
	 	 	b.     Unissued Shares. Shares subject to, but not sold or issued under, any Award
terminating, expiring, forfeited or canceled for any reason shall again become available for
Awards thereafter granted under the Plan and the same shall not be deemed an increase in the
number of Shares available for Awards under the Plan. To the extent such Shares become
available after December 31,

 

 

	 	 	2010, they shall become available hereunder as one Share for each such Share subject to
Options and SARs and two Shares for each such Share subject to Restricted Stock Awards and
Restricted Stock Units.
	 
	 	 	c.     Acquisitions and Combinations. Awards made in assumption of, or in substitution
or exchange for, awards previously granted, or the right or obligation to make future
awards, in each case by a company acquired by the Company or an Affiliate or with which the
Company or an Affiliate combines shall not reduce the Shares available for Awards under the
Plan, nor shall such Shares again be available for Awards under the Plan as provided in
Section 3(b). Additionally, in the event that a company acquired by the Company or an
Affiliate or with which the Company or an Affiliate combines has shares available under a
pre-existing plan approved by shareholders and not adopted in contemplation of such
acquisition or combination, the shares available for grant pursuant to the terms of such
pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to
determine the consideration payable to the holders of common stock of the entities party to
such acquisition or combination) may be used for Awards under the Plan and shall not reduce
the Shares available for Awards under the Plan; provided, however, that Awards using such
available Shares shall not be made after the date awards or grants could have been made
under the terms of the pre-existing plan, absent the acquisition or combination, and shall
only be made to individuals who were not Employees prior to such acquisition or
combination.”
	 
	3.	 	This Second Amendment shall be effective upon approval, on or before June 30, 2011, by the
shareholders of the Company in accordance with the shareholder approval provision of Section
15 of the Plan. This Second Amendment shall not become effective if not approved by the
shareholders of the Company on or before such date and, in such case, the Plan shall continue
in full force and effect without regard to this Second Amendment.

          IN WITNESS WHEREOF, the undersigned has executed this Second Amendment to the Plan as of the
date set forth below.

	 	 	 	 	 
	 	IXIA

 	 
	Date:  April 8, 2011 	By:  	/s/ Atul Bhatnagar
 	 
	 	 	Atul Bhatnagar 	 
	 	 	President and Chief Executive Officer 	 
	 

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