Form of Stock Option Award Agreement under the ADTRAN, Inc. 2010 Directors Stock Plan
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 ***@***.
/s/ Thomas R. Stanton
Thomas R. Stanton
Chairman of the Board and Chief Executive Officer