ZHONE TECHNOLOGIES, INC. NONQUALIFIED INDUCEMENT STOCK OPTION GRANT NOTICE AND STOCK OPTION AGREEMENTNonqualified Inducement Stock Option Grant • March 6th, 2015 • Zhone Technologies Inc • Telephone & telegraph apparatus • Delaware
As an inducement material to the decision by the individual listed below (the “Optionee”) to accept employment with Zhone Technologies, Inc., a Delaware corporation (the “Company”), and pursuant to that certain employment agreement entered into by and between the Optionee and the Company, dated as of July 17, 2014, the Company hereby grants to the Optionee a nonqualified option to purchase the number of shares of the common stock of the Company (“Common Stock”), set forth below (the “Option”). This Option is subject to all of the terms and conditions set forth herein and in the Stock Option Agreement attached hereto as Exhibit A (the “Stock Option Agreement”), which is incorporated herein by reference. This Option is made and granted as a stand-alone award and is not granted under or pursuant to the Zhone Technologies, Inc. Amended and Restated 2001 Stock Incentive Plan (the “Plan”). However, unless otherwise defined herein, the terms defined in the Plan shall have the same defined mea
