SEVERANCE AGREEMENTSeverance Agreement • August 16th, 2010 • Ezenia Inc • Computer communications equipment • New Hampshire
This Severance Agreement (“Agreement”) is made as of the day of June, 2010, between Ezenia! Inc., a Delaware corporation (the “Company”), and (the “Executive”).
OPTION AGREEMENT Terms and ConditionsOption Agreement • August 16th, 2010 • Ezenia Inc • Computer communications equipment
Term. This Stock Option shall terminate and no portion will be exercisable on the earliest of the following: (i) the expiration date, (ii) 90 days after the Optionee ceases to be an employee of the Company or one of its subsidiaries for reasons other than dismissal for Cause, disability or death, (iii) the date the Optionee ceases to be an employee of the Company or one of its subsidiaries if such termination of employment is because of dismissal for Cause, (iv) 12 months from the date the Optionee ceases to be an employee if such termination of employment is because the Optionee has become permanently disabled (within the meaning of Section 22(e)(3) of the Code), or (v) 12 months from the date of death in the event of the death of the Optionee. For purposes hereof, “Cause” shall mean a determination by the Committee that the Optionee shall be dismissed as a result of (i) any material breach by the Optionee of any agreement between the Optionee and the Company; (ii) the conviction of,
NON-QUALIFIED STOCK OPTION AGREEMENT UNDER the EZENIA! INC. 2004 Equity Incentive PlanNon-Qualified Stock Option Agreement • August 16th, 2010 • Ezenia Inc • Computer communications equipment
Pursuant to the Ezenia! Inc. 2004 Equity Incentive Plan (the “Plan”), Ezenia! Inc. (the “Company”) hereby grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Stock of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. This Stock Option is not intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended.
