ADTRAN, Inc. 2010 Directors Stock Option Award Grant Letter
ADTRAN, Inc. is granting the recipient a specified number of stock options under its 2010 Directors Stock Plan. The options have a set exercise price and are subject to the terms of the Plan and a related award agreement, both accessible online. The recipient must acknowledge and accept the award through the designated portal. For questions, contact information is provided. This letter serves as formal notification of the stock option grant.
Exhibit 10.3(k)
[Insert date]
[Insert name]
[Insert address]
Dear [Insert Name]:
I am pleased to inform you that you have been granted an award of [Insert number of stock options] stock options at an exercise price of $[Insert price] pursuant to the ADTRAN, Inc. 2010 Directors Stock Plan (the “Plan”). The award is subject to the terms of the Plan and a related award agreement, both of which can be found on the Plan’s online portal, Morgan Stanley StockPlan Connect (https://www.stockplanconnect.com/).
In order to confirm your award, please visit the portal and follow the relevant instructions to acknowledge and accept it. If you have any questions, please contact Gayle Ellis at ###-###-#### or ***@***.
ADTRAN, INC.
/s/ Thomas R. Stanton
Thomas R. Stanton
Chairman of the Board and Chief Executive Officer
