SEC Contract Filing

Filing Date: 2021-08-06

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<TYPE>EX-10.1
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<FILENAME>adtn-ex101_9.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RESTRICTED STOCK AWARD</font></p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:7.52%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ADTRAN, INC. hereby grants the following Award through the ADTRAN, Inc. 2020 Directors Stock Plan (the &#8220;Plan&#8221;), as described herein.</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Participant:&nbsp;&nbsp;<font style="font-weight:normal;">As set forth in the Morgan Stanley StockPlan Connect (the &#8220;Portal&#8221;).</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Number of Shares of Restricted Stock:&nbsp;&nbsp;<font style="font-weight:normal;">As set forth in the Portal.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Grant Date:&nbsp;&nbsp;<font style="font-weight:normal;">As set forth in the Portal,</font></p>
<p style="margin-bottom:0pt;margin-top:12pt;margin-right:1.04%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Period(s) of Restriction/Vesting Schedule: <font style="font-weight:normal;">In general, subject to certain accelerated vesting and forfeiture provisions, so long as you have not ceased to be a director of ADTRAN, Inc., your Award will vest as follows:</font></p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:1.04%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Date</font><font style="text-decoration:underline;letter-spacing:-0.05pt;"> </font><font style="text-decoration:underline;">of</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Vest</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3pt;;margin-right:1.04%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1<sup style="font-size:85%;line-height:120%;vertical-align:top">st</sup> Anniversary</p></td>
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