<SEC-DOCUMENT>0001193125-11-099762.txt : 20110415
<SEC-HEADER>0001193125-11-099762.hdr.sgml : 20110415
<ACCEPTANCE-DATETIME>20110415172240
ACCESSION NUMBER:		0001193125-11-099762
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110411
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110415
DATE AS OF CHANGE:		20110415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPTICAL CABLE CORP
		CENTRAL INDEX KEY:			0001000230
		STANDARD INDUSTRIAL CLASSIFICATION:	DRAWING AND INSULATING NONFERROUS WIRE [3357]
		IRS NUMBER:				541237042
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27022
		FILM NUMBER:		11763757

	BUSINESS ADDRESS:	
		STREET 1:		5290 CONCOURSE DR
		CITY:			ROANOKE
		STATE:			VA
		ZIP:			24019
		BUSINESS PHONE:		5402650690

	MAIL ADDRESS:	
		STREET 1:		5290 CONCOURSE DRIVE
		CITY:			ROANOKE
		STATE:			VA
		ZIP:			24019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>Current Report </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Securities Exchange Act of
1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (Date of earliest event reported): April&nbsp;11, 2011 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>OPTICAL CABLE CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Virginia</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>000-27022</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>54-1237042</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>incorporation or organization)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>File Number)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification Number)</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>5290 Concourse Drive</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Roanoke, VA</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>24019</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(540)
265-0690 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below): </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc"></A>Table of Contents </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

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<TD WIDTH="7%"></TD>
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<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Item&nbsp;1.01</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx000_1">Entry Into a Material Definitive Agreement</A></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Item&nbsp;9.01</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx000_2">Financial Statements and Exhibits</A></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx000_3">Signatures</A></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibits</FONT></TD></TR></TABLE> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="tx000_1"></A>Item&nbsp;1.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Entry into a Material Definitive Agreement. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On April&nbsp;11, 2011 Optical Cable Corporation entered into an amended and restated employment agreement with Neil D. Wilkin, Jr., the Company&#146;s President and Chief Executive Officer (the
&#147;Wilkin Agreement&#148;). The Wilkin Agreement amends and restates the previously existing employment agreement originally effective November 1, 2002, and as previously amended on December 31, 2008, between the Company and Mr. Wilkin.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The initial term of the Wilkin Agreement begins on April&nbsp;11, 2011 and ends on October&nbsp;31, 2014. However, on November&nbsp;1, 2012,
and each November&nbsp;1 thereafter, the term of the Wilkin Agreement is automatically extended by one year unless either party notifies the other in writing thirty days prior to such date(s) that the term shall not be renewed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Wilkin&#146;s employment agreement was revised to reflect his current annual base salary of $370,000. The Board of Directors or an appropriate
committee thereof, in its discretion, is authorized to increase Mr.&nbsp;Wilkin&#146;s base salary during the term of the agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Wilkin Agreement provides that Mr.&nbsp;Wilkin is eligible to participate in executive bonus programs, as established from time to time by the Board of Directors, or an appropriate committee thereof. Mr. Wilkin&#146;s employment agreement has been
revised to reflect his current annual target bonus opportunity under such executive bonus programs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Wilkin is also eligible to
participate in grants of long-term equity compensation awarded from time to time to senior executives pursuant to equity participation plans. Grants under such plans are subject to approval by the Board of Directors or an appropriate committee
thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Wilkin will be reimbursed for reasonable and customary business expenses incurred in the conduct of the Company&#146;s
business. Such expenses will include business meals, out-of-town lodging, travel expenses, reasonable professional fees and dues. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Wilkin is entitled to receive under the Company&#146;s Paid Time Off (&#147;PTO&#148;) program (or under any alternative program adopted in the
future for vacation and sick time) the greater of (i)&nbsp;248 hours of time away from work with continued compensation (PTO days) or (ii)&nbsp;the number of hours other similarly positioned employees would be eligible to receive based on years of
service. The Company&#146;s PTO program provides for both vacation and sick time off with pay. At the end of each calendar year, Mr.&nbsp;Wilkin shall be entitled to carry-over up to 120 unused PTO hours to the next calendar year. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event Mr.&nbsp;Wilkin resigns and terminates his employment without Good Reason (as defined in the Wilkin Agreement), Mr.&nbsp;Wilkin shall
thereafter have no right to receive compensation or other benefits under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has the right under the Wilkin Agreement
to terminate Mr.&nbsp;Wilkin&#146;s employment at any time for Cause (as defined in the Wilkin Agreement). In the event Mr.&nbsp;Wilkin&#146;s employment under the Wilkin Agreement is terminated for Cause, Mr.&nbsp;Wilkin shall thereafter have no
right to receive compensation or other benefits under the Wilkin Agreement. </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except in the event of a Change in Control (as defined in the Wilkin Agreement), in the event
Mr.&nbsp;Wilkin&#146;s employment is terminated either by the Company other than for Cause or by Mr.&nbsp;Wilkin for Good Reason (as defined in the Wilkin Agreement), then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Beginning on the six-month anniversary of the date of Mr.&nbsp;Wilkin&#146;s termination of
employment, Mr.&nbsp;Wilkin shall receive a monthly amount equal to one-twelfth (<FONT SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;1</SUP></FONT><FONT SIZE="2">/</FONT><FONT SIZE="1">12</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;the rate of his annual base salary in effect immediately preceding such termination for twenty-four (24)&nbsp;months. </FONT></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Mr.&nbsp;Wilkin shall receive a payment in cash on the date his employment terminates equal to two (2)&nbsp;times the
greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to him in respect of each of the three (3)&nbsp;fiscal years of the Company prior to the fiscal year in which his employment terminates (or such average over the
shorter period of Mr.&nbsp;Wilkin&#146;s employment, if applicable), or (z)&nbsp;the amount of the target bonus opportunity contemplated in the Wilkin Agreement. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Mr.&nbsp;Wilkin&#146;s last day of employment with the Company, the Company shall pay to
Mr.&nbsp;Wilkin a cash amount equal to a pro-rated portion of Mr.&nbsp;Wilkin&#146;s then annual bonus for the fiscal year in which Mr.&nbsp;Wilkin is terminated that is equal to the greater of: (y)&nbsp;the amount of the annual cash bonus earned by
him through his date of termination, or (z)&nbsp;the amount of his target bonus opportunity. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If
Mr.&nbsp;Wilkin elects health insurance continuation under COBRA, Mr.&nbsp;Wilkin will receive premium reimbursement at the COBRA rate for up to twenty-four (24)&nbsp;months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In the event a Change of Control occurs, and Mr.&nbsp;Wilkin&#146;s employment is terminated either by Company other than for Cause or by Mr.&nbsp;Wilkin for Good Reason, in each case within thirty
(30)&nbsp;months after the occurrence of such Change of Control, then the Company&#146;s obligations are as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) On or before Mr.&nbsp;Wilkin&#146;s last day of employment with the Company, the Company shall pay to Mr.&nbsp;Wilkin a cash amount equal to the aggregate total of a twenty-four (24)&nbsp;month
continuation of his annual base salary. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) On or before Mr.&nbsp;Wilkin&#146;s last day of employment with
the Company, the Company shall pay to Mr.&nbsp;Wilkin a cash amount equal to two (2)&nbsp;times the greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to him in respect of each of the three (3)&nbsp;fiscal years of the
Company prior to the fiscal year in which his employment terminates (or such average over the shorter period of Mr.&nbsp;Wilkin&#146;s employment, if applicable), or (z)&nbsp;the amount of his target bonus opportunity. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Mr.&nbsp;Wilkin&#146;s last day of employment with the Company, the Company shall pay to
Mr.&nbsp;Wilkin as compensation for services rendered to the Company a cash amount equal to a pro-rated portion of Mr.&nbsp;Wilkin&#146;s then annual bonus contemplated in the Wilkin Agreement for the fiscal year in which Mr.&nbsp;Wilkin is
terminated that is equal to the greater of: (y)&nbsp;the amount of the annual cash bonus earned by him through his date of termination, or (z)&nbsp;the amount of his target bonus opportunity. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If Mr.&nbsp;Wilkin elects health insurance continuation under COBRA, Mr.&nbsp;Wilkin will receive premium
reimbursement at the COBRA rate for up to twenty-four (24)&nbsp;months. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) In the event of
Mr.&nbsp;Wilkin&#146;s termination of employment, Mr.&nbsp;Wilkin will be entitled to receive reimbursement from the Company for reasonable out-placement service expenses for up to two years. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) Any benefits paid by the Company upon the occurrence of a Change of Control, will be grossed up by the Company as
necessary to protect Mr.&nbsp;Wilkin from paying any excise taxes that may result from such benefits. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The severance obligations of the Company to Mr.&nbsp;Wilkin are conditioned upon Mr.&nbsp;Wilkin&#146;s
signing a release of claims in a form satisfactory to the Company within sixty (60)&nbsp;days of the date he receives or gives notice of termination of his employment or the date he receives said release of claims from the Company, whichever is
later, and upon his not revoking the release of claims thereafter. The severance obligations are further conditioned on Mr.&nbsp;Wilkin&#146;s compliance with all restrictive covenants regarding confidential information, non-competition,
non-solicitation and ownership of intellectual property as set forth in the Wilkin Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Wilkin Agreement terminates upon death of
Mr.&nbsp;Wilkin; provided, however, that in such event the Company shall pay to the estate of Mr.&nbsp;Wilkin his compensation including salary and accrued target bonus, if any, which otherwise would be payable to Mr.&nbsp;Wilkin through the end of
the month in which his death occurs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company may terminate Mr.&nbsp;Wilkin&#146;s employment under the Wilkin Agreement, after having
established Mr.&nbsp;Wilkin&#146;s disability (as defined in the Wilkin Agreement), by giving to Mr.&nbsp;Wilkin written notice of its intention to terminate his employment for disability and his employment with the Company shall terminate effective
on the 120th day after receipt of such notice if within 120 days after such receipt Mr.&nbsp;Wilkin shall fail to return to the full-time performance of the essential functions of his position. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Also on April&nbsp;11, 2011, Optical Cable Corporation entered into an amended and restated employment agreement with Tracy G. Smith, the Company&#146;s
Senior Vice President and Chief Financial Officer (the &#147;Smith Agreement&#148;). The Smith Agreement amends and restates the previously existing employment agreement originally effective December 10, 2004 and as previously amended on December
31, 2008, between the Company and Ms. Smith. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The initial term of the Smith Agreement begins on April&nbsp;11, 2011 and ends on
October&nbsp;31, 2014. However, on November&nbsp;1, 2012, and each November&nbsp;1 thereafter, the term of the Smith Agreement is automatically extended by one year unless either party notifies the other in writing thirty days prior to such date(s)
that the term shall not be renewed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Smith&#146;s employment agreement was revised to reflect her current annual base salary of
$210,000. The President and CEO, subject to Board of Directors review, is authorized to increase Ms.&nbsp;Smith&#146;s base salary during the term of the agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Smith Agreement provides that Ms.&nbsp;Smith is eligible to participate in executive bonus programs, as established from time to time by the President and CEO. Ms. Smith&#146;s employment agreement
has been revised to reflect her current annual target bonus opportunity under such executive bonus programs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Smith is also eligible
to participate in grants of long-term equity compensation awarded from time to time to senior executives pursuant to equity participation plans. Grants under such plans are subject to approval by the President and CEO and subject to approval by the
Board of Directors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Smith will be reimbursed for reasonable and customary business expenses incurred in the conduct of the
Company&#146;s business. Such expenses will include business meals, out-of-town lodging, travel expenses, reasonable professional fees and dues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Smith is entitled to receive under the Company&#146;s Paid Time Off (&#147;PTO&#148;) program (or under any alternative program adopted in the future for vacation and sick time) the greater of
(i)&nbsp;248 hours of time away from work with continued compensation (PTO days) or (ii)&nbsp;the number of hours other similarly positioned employees would be eligible to receive based on years of service. The Company&#146;s PTO program provides
for both vacation and sick time off with pay. At the end of each calendar year, Ms.&nbsp;Smith shall be entitled to carry-over up to 120 unused PTO hours to the next calendar year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In the event Ms.&nbsp;Smith resigns and terminates her employment without Good Reason (as defined in the Smith Agreement), Ms.&nbsp;Smith shall thereafter have no right to receive compensation or other
benefits under this Agreement. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has the right under the Smith Agreement to terminate Ms.&nbsp;Smith&#146;s employment at any
time for Cause (as defined in the Smith Agreement). In the event Ms.&nbsp;Smith&#146;s employment under the Smith Agreement is terminated for Cause, Ms.&nbsp;Smith shall thereafter have no right to receive compensation or other benefits under the
Smith Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except in the event of a Change in Control (as defined in the Smith Agreement), in the event Ms.&nbsp;Smith&#146;s
employment is terminated either by the Company other than for Cause or by Ms.&nbsp;Smith for Good Reason (as defined in the Smith Agreement), then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Beginning on the six-month anniversary of the date of Ms.&nbsp;Smith&#146;s termination of
employment, Ms.&nbsp;Smith shall receive a monthly amount equal to one-twelfth (<FONT SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;1</SUP></FONT><FONT SIZE="2">/</FONT><FONT SIZE="1">12</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;the rate of her annual base salary in effect immediately preceding such termination for twelve (12)&nbsp;months. </FONT></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Ms.&nbsp;Smith shall receive a payment in cash on the date her employment terminates equal to greater of:
(y)&nbsp;the amount of the average annual cash bonus paid or payable to her in respect of each of the three (3)&nbsp;fiscal years of the Company prior to the fiscal year in which her employment terminates (or such average over the shorter period of
Ms.&nbsp;Smith&#146;s employment, if applicable), or (z)&nbsp;the amount of the target bonus opportunity contemplated in the Smith Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Ms.&nbsp;Smith&#146;s last day of employment with the Company , the Company shall pay to Ms.&nbsp;Smith a cash amount equal to a pro-rated portion of Ms.&nbsp;Smith&#146;s then annual
bonus for the fiscal year in which Ms.&nbsp;Smith is terminated that is equal to the greater of: (y)&nbsp;the amount of the annual cash bonus earned by her through her date of termination, or (z)&nbsp;the amount of her target bonus opportunity.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If Ms.&nbsp;Smith elects health insurance continuation under COBRA, Ms.&nbsp;Smith will receive premium
reimbursement at the COBRA rate for up to twelve (12)&nbsp;months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event a Change of Control occurs, and Ms.&nbsp;Smith&#146;s
employment is terminated either by Company other than for Cause or by Ms.&nbsp;Smith for Good Reason, in each case within thirty (30)&nbsp;months after the occurrence of such Change of Control, then the Company&#146;s obligations are as follows:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) On or before Ms.&nbsp;Smith&#146;s last day of employment with the Company, the Company shall pay to
Ms.&nbsp;Smith a cash amount equal to the aggregate total of an eighteen (18)&nbsp;month continuation of her annual base salary. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%;padding-bottom:0px;"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ii) On or before Ms.&nbsp;Smith&#146;s last day of employment with the Company, the Company shall pay to Ms.&nbsp;Smith a cash amount equal to one and one-half (1 <FONT SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;1</SUP></FONT><FONT SIZE="2">/</FONT><FONT SIZE="1">2</FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">) times the greater of: (y)&nbsp;the amount of the average annual
cash bonus paid or payable to her in respect of each of the three (3)&nbsp;fiscal years of the Company prior to the fiscal year in which her employment terminates (or such average over the shorter period of Ms.&nbsp;Smith&#146;s employment, if
applicable), or (z)&nbsp;the amount of her target bonus opportunity. </FONT></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before
Ms.&nbsp;Smith&#146;s last day of employment with the Company, the Company shall pay to Ms.&nbsp;Smith as compensation for services rendered to the Company a cash amount equal to a pro-rated portion of Ms.&nbsp;Smith&#146;s then annual bonus
contemplated in the Smith Agreement for the fiscal year in which Ms.&nbsp;Smith is terminated that is equal to the greater of: (y)&nbsp;the amount of the annual cash bonus earned by her through her date of termination, or (z)&nbsp;the amount of her
target bonus opportunity. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If Ms.&nbsp;Smith elects health insurance continuation under COBRA,
Ms.&nbsp;Smith will receive premium reimbursement at the COBRA rate for up to eighteen (18)&nbsp;months. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v)
In the event of Ms.&nbsp;Smith&#146;s termination of employment, Ms.&nbsp;Smith will be entitled to receive reimbursement from the Company for reasonable out-placement service expenses for up to two years. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) Any benefits paid by the Company upon the occurrence of a Change of
Control, will be grossed up by the Company as necessary to protect Ms.&nbsp;Smith from paying any excise taxes that may result from such benefits. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The severance obligations of the Company to Ms.&nbsp;Smith are conditioned upon Ms.&nbsp;Smith&#146;s signing a release of claims in a form satisfactory to the Company within sixty (60)&nbsp;days of the
date she receives or gives notice of termination of her employment or the date she receives said release of claims from the Company, whichever is later, and upon her not revoking the release of claims thereafter. The severance obligations are
further conditioned on Ms.&nbsp;Smith&#146;s compliance with all restrictive covenants regarding confidential information, non-competition, non-solicitation and ownership of intellectual property as set forth in the Smith Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Smith Agreement terminates upon death of Ms.&nbsp;Smith; provided, however, that in such event the Company shall pay to the estate of Ms.&nbsp;Smith
her compensation including salary and accrued target bonus, if any, which otherwise would be payable to Ms.&nbsp;Smith through the end of the month in which her death occurs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Company may terminate Ms.&nbsp;Smith&#146;s employment under the Smith Agreement, after having established Ms.&nbsp;Smith&#146;s disability (as defined in the Smith Agreement), by giving to
Ms.&nbsp;Smith written notice of its intention to terminate her employment for disability and her employment with the Company shall terminate effective on the 120th day after receipt of such notice if within 120 days after such receipt
Ms.&nbsp;Smith shall fail to return to the full-time performance of the essential functions of her position. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Wilkin Employment Agreement
and the Smith Employment Agreement are attached hereto as exhibits 10.1 and 10.2 respectively and are incorporated herein by reference. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="tx000_2"></A>Item&nbsp;9.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) Exhibits </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following are filed as Exhibits to this Report. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:25pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit<BR>No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:75pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description of Exhibit</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amended and Restated Employment Agreement between Optical Cable Corporation and Neil D. Wilkin, Jr. dated April 11, 2011 (FILED HEREWITH)</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amended and Restated Employment Agreement between Optical Cable Corporation and Tracy G. Smith. dated April 11, 2011 (FILED HEREWITH)</FONT></TD></TR></TABLE>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="tx000_3"></A>SIGNATURES </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">OPTICAL CABLE CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ TRACY G. SMITH</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tracy G. Smith</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President and Chief Financial Officer</FONT></TD></TR></TABLE></DIV>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated: April&nbsp;15, 2011 </FONT></P>
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<TYPE>EX-10.1
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<FILENAME>dex101.htm
<DESCRIPTION>AMENDED AND RESTATED EMPLOYMENT AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Amended and Restated Employment Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 10.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>OPTICAL CABLE CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AMENDED AND RESTATED EMPLOYMENT AGREEMENT
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this &#147;Agreement&#148;) is made and entered into as of April&nbsp;11,
2011 by and between OPTICAL CABLE CORPORATION, a Virginia corporation, hereinafter called the &#147;Corporation&#148;, and Tracy G. Smith called &#147;Executive&#148;, and provides as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>RECITALS </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the Corporation is a manufacturer and seller of fiber optic and copper data communications cabling and connectivity products, with its capital stock traded on the Nasdaq Global Market;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, Executive has been involved in the executive management of the business and affairs of the Corporation and possesses
managerial experience, knowledge, skills and expertise required by the Corporation; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the employment of Executive by
the Corporation is in the best interests of the Corporation and Executive; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the parties have mutually agreed upon
the terms and conditions of Executive&#146;s continued employment by the Corporation as hereinafter set forth; </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>TERMS OF
AGREEMENT </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">NOW, THEREFORE, for and in consideration of the premises and of the mutual promises and undertakings of the
parties as hereinafter set forth, and other good and valuable consideration, receipt of which is hereby acknowledged, the parties covenant and agree as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;1. <U>Employment.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall be employed as Senior
Vice President and Chief Financial Officer of the Corporation, shall report directly to the President and Chief Executive Officer of the Corporation (the &#147;President and CEO&#148;), and shall discharge such duties and responsibilities of an
executive nature as may be assigned her by the President and CEO. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;2. <U>Term of Employment.</U>
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The initial term of this Agreement shall end on October&nbsp;31, 2014. However, on November&nbsp;1, 2012 and each
November&nbsp;1 thereafter the term of this Agreement shall be renewed and extended by one year unless Executive or the Corporation notifies the other in writing thirty (30)&nbsp;days prior to such date(s) that the term shall not be renewed and
extended. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;3. <U>Exclusive Service.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall devote her best efforts and full time to rendering services on behalf of the Corporation in furtherance of its best
interests. Executive shall comply with all policies, standards and regulations of the Corporation now or hereafter promulgated, and shall perform her duties under this Agreement to the best of her abilities and in accordance with standards of
conduct applicable to an executive officer. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;4. <U>Salary.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) As compensation while employed hereunder, Executive, during her faithful performance of this Agreement shall receive an initial
annual base salary of $210,000, payable on such terms and in such installments as the parties may from time to time mutually agree upon. The President and CEO, subject to review by the Board of Directors or an appropriate committee thereof, in his
discretion, may increase Executive&#146;s base salary during the term of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The Corporation shall withhold
state and federal income taxes, social security taxes and such other payroll deductions as may from time to time be required by law or agreed upon in writing by Executive and the Corporation. The Corporation shall also withhold and remit to the
proper party any amounts agreed to in writing by the Corporation and Executive for participation in any corporate sponsored benefit plans for which a contribution is required. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) Except as otherwise expressly set forth herein, no compensation shall be paid pursuant to this Agreement in respect of any calendar month subsequent to any termination of Executive&#146;s employment
by the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;5. <U>Corporate Benefit Plans.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall be entitled to participate in or become a participant in any employee health, welfare and benefit plans maintained by the
Corporation for which she is or will become eligible. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;6. <U>Bonuses.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall participate in executive bonus programs, as established from time to time by the President and CEO, subject to review by
the Board of Directors or an appropriate committee thereof. This includes participation in the Optical Cable Corporation 2011 Senior Leadership Team Annual Bonus Criteria, pursuant to which Executive is being provided with a 40% annual target bonus
opportunity (as a percentage of annual base salary) for the Corporation&#146;s fiscal year 2011 which, unless otherwise provided herein, is contingent on achievement of quantified corporate and divisional goals and specifically identified divisional
objectives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;7. <U>Equity Compensation.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall participate in grants of long-term equity compensation awarded from time to time to senior executives pursuant to equity
participation plans, including grants under the Optical Cable Corporation 2005 Stock Incentive Plan, the Optical Cable Corporation 2011 Stock Incentive Plan, and any successor plans. Grants under such plans are based on the recommendations of the
President and CEO and subject to approval by the Board of Directors or an appropriate committee thereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;8. <U>Expense Account.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Corporation shall reimburse Executive for reasonable and customary business expenses incurred in the conduct of the
Corporation&#146;s business. Such expenses will include business meals, out-of-town lodging, travel expenses, reasonable professional fees and dues. Executive agrees to timely submit records and receipts of reimbursable items and agrees that the
Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to Executive following receipt and verification of such reports. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;9. <U>Paid Time Off (PTO).</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Executive shall be entitled to receive under the Corporation&#146;s Paid Time Off (&#147;PTO&#148;) program (or under any alternative program adopted in the future for vacation and sick time) the greater
of (i)&nbsp;248 hours of time away from work with continued compensation (PTO days) or (ii)&nbsp;the number of hours other similarly positioned employees would be eligible to receive based on years of service. The Corporation&#146;s PTO program
provides for both vacation and sick time off with pay. The PTO days for any calendar year will be earned on January&nbsp;1 of such calendar year. At the end of each calendar year, Executive shall be entitled to carry-over up to 120 unused PTO hours
to the next calendar year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;10. <U>Termination.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I><U>Resignation by Executive without Good Reason.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Executive may resign and terminate this Agreement upon written notice to the Corporation as provided herein. In the event Executive&#146;s employment under this Agreement is terminated by the resignation
of Executive without Good Reason (as hereinafter defined), Executive shall thereafter have no right to receive compensation or other benefits under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) <I><U>Termination by Corporation for Cause.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Corporation shall
have the right to terminate Executive&#146;s employment under this Agreement at any time for Cause, which termination shall be effective immediately. Termination for &#147;Cause&#148; shall include termination for (i)&nbsp;material breach of this
Agreement by Executive which breach is not cured within 30 days of receipt by Executive of written notice from the Corporation specifying the breach; (ii)&nbsp;Executive&#146;s gross negligence in the performance of her material duties hereunder;
(iii)&nbsp;intentional nonperformance or misperformance of such duties, or refusal to abide by or comply with the reasonable directives of her superior officers, or the Corporation&#146;s policies and procedures, which actions continue for a period
of at least 30 days after receipt by Executive of written notice of the need to cure or cease; (iv)&nbsp;Executive&#146;s willful dishonesty, fraud or misconduct with respect to the business or affairs of the Corporation, that in the reasonable
judgment of the President and CEO and/or the Board of Directors materially and adversely affects the Corporation; or (v)&nbsp;Executive&#146;s conviction of, or a plea of nolo contendere to, a felony or other crime involving moral turpitude. In the
event Executive&#146;s employment under this Agreement is terminated for Cause, Executive shall thereafter have no right to receive compensation or other benefits under this Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U><I>Termination by Corporation without Cause or by Executive for Good Reason.</I></U>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1) The Corporation may terminate Executive&#146;s employment other than for Cause (as defined above) at any time upon
written notice to Executive, which termination shall be effective no sooner than thirty (30)&nbsp;days after such written notice to Executive. Executive may resign thirty (30)&nbsp;days after notice to the Corporation for &#147;Good Reason&#148;, as
hereafter defined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2) Except as otherwise provided in Section&nbsp;10(c)(3) of this Agreement, in the event Executive&#146;s
employment is terminated either: by the Corporation other than for Cause; or by Executive for Good Reason, then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Beginning on the six-month anniversary of the date of Executive&#146;s termination of employment, Executive shall
receive a monthly amount equal to one-twelfth (1/12)&nbsp;the rate of her annual base salary in effect immediately preceding such termination for twelve (12)&nbsp;months at the times such payments would have been made in accordance with
Section&nbsp;4(a). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Executive shall receive a payment in cash on the date her employment terminates equal
to twelve twelfths (12/12)&nbsp;times the greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to her in respect of each of the three (3)&nbsp;fiscal years of the Corporation prior to the fiscal year in which her
employment terminates (or such average over the shorter period of Executive&#146;s employment, if applicable), or (z)&nbsp;the amount of the target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior
to the termination of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Executive&#146;s last day of employment
with the Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other taxes required
to be withheld) equal to a pro-rated portion of Executive&#146;s then annual bonus contemplated in Section&nbsp;6 of this Agreement for the fiscal year in which Executive is terminated that is equal to the greater of: (y)&nbsp;the amount of the
annual cash bonus earned by her through her date of termination (but for her termination) as calculated under the then applicable annual bonus plan irrespective of any condition in such annual bonus plan regarding Executive&#146;s continued
employment through the end of such bonus period and/or the date of bonus payment, or (z)&nbsp;the amount of her target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior to the termination of
Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If Executive elects continuation coverage under a group health plan of the
Corporation under COBRA and pays the applicable premiums, then, in accordance with Treasury Regulations Section&nbsp;1.409A-1(b)(9)(v)(B), Executive will be entitled to receive reimbursement from the Corporation for premiums paid by Executive for
such continuation of coverage for a period of twelve (12)&nbsp;months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3) In the event a Change of Control occurs, and
Executive&#146;s employment is terminated either: by Corporation other than for Cause or by Employee for Good Reason, in each case within thirty (30)&nbsp;months after the occurrence of such Change of Control, then, the Corporation&#146;s
obligations under Section&nbsp;10(c)(2) shall not apply, and in lieu thereof, the Corporation&#146;s obligations, in addition to any other obligations set forth under this Agreement, are as follows: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) On or before Executive&#146;s last day of employment with the Corporation (unless another period is mutually agreed
upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to any applicable payroll or other taxes required to be withheld) equal to the aggregate total of an
eighteen (18)&nbsp;month continuation of her annual base salary, as in effect immediately preceding such termination. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) On or before Executive&#146;s last day of employment with the
Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other taxes required to be
withheld) equal to eighteen twelfths (18/12)&nbsp;times the greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to her in respect of each of the three (3)&nbsp;fiscal years of the Corporation prior to the fiscal year in
which her employment terminates (or such average over the shorter period of Executive&#146;s employment, if applicable), or (z)&nbsp;the amount of her target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in
effect prior to the termination of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Executive&#146;s last day
of employment with the Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other
taxes required to be withheld) equal to a pro-rated portion of Executive&#146;s then annual bonus contemplated in Section&nbsp;6 of this Agreement for the fiscal year in which Executive is terminated that is equal to the greater of: (y)&nbsp;the
amount of the annual cash bonus earned by her through her date of termination (but for her termination) as calculated under the then applicable annual bonus plan irrespective of any condition in such annual bonus plan regarding Executive&#146;s
continued employment through the end of such bonus period and/or the date of bonus payment, or (z)&nbsp;the amount of her target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior to the termination
of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) Upon Executive&#146;s termination of employment, if Executive elects
continuation coverage under a group health plan of the Corporation under COBRA and pays the applicable premiums, then, in accordance with Treasury Regulations Section&nbsp;1.409A-1(b)(9)(v)(B), Executive will be entitled to receive reimbursement
from the Corporation for premiums paid by Executive for such continuation of coverage for a period of eighteen (18)&nbsp;months. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(v) In accordance with Treasury Regulations Section&nbsp;1.409A-1(b)(9)(v)(A), in the event of Executive&#146;s termination of employment, Executive will be entitled to receive reimbursement from the
Corporation for reasonable out-placement service expenses, including job search services, paid by Executive. The services will be provided by a recognized out-placement organization selected by Executive with the approval of the Corporation (which
approval will not be unreasonably withheld). The reimbursement of the service expenses will be provided for a period beginning on Executive&#146;s termination of employment and ending on the second annual anniversary of Executive&#146;s termination
of employment with the Corporation. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) Any benefits paid by the Corporation pursuant to Section&nbsp;10(c)(3),
or otherwise triggered by the occurrence of a Change of Control, will be grossed up by the Corporation as necessary to protect Executive from paying any excise taxes that may result from such benefits. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4) Notwithstanding the provisions of Section&nbsp;10(c)(2) and Section&nbsp;10(c)(3) of this Agreement to the contrary: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) If Executive breaches Section&nbsp;11, 12 or 13, Executive will not thereafter be entitled to receive any further
compensation or benefits pursuant to Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable; provided that the Corporation shall have provided Executive with a reasonable time to cease and desist and cure any such violation, if curable;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) If, while she is receiving payments under Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable,
Executive violates the provisions of Section&nbsp;12, provided that the Corporation shall have provided Executive with a reasonable time to cease and desist and cure any such violation, if curable, such payments will cease and she will not
thereafter be entitled to receive any compensation or benefits pursuant to Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) The obligations of the Corporation to Executive under Section&nbsp;10(c)(2) and Section&nbsp;10(c)(3) are conditioned upon Executive&#146;s signing a release of claims in a form satisfactory to the
Corporation within sixty (60)&nbsp;days of the date she receives or gives notice of termination of her employment or the date she receives said release of claims from the Corporation, whichever is later, and upon her not revoking the release of
claims thereafter. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I><U>Termination Upon Executive&#146;s Death.</U></I> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of
Executive her compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end of the month in which her death occurs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <I><U>Termination Upon Disability.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Corporation may terminate Executive&#146;s employment under this Agreement, after having established Executive&#146;s disability, by giving to Executive written notice of its intention to terminate
her employment for disability and her employment with the Corporation shall terminate effective on the 120th day after receipt of such notice if within 120 days after such receipt Executive shall fail to return to the full-time performance of the
essential functions of her position (and if Executive&#146;s disability has been established pursuant to the definition of &#147;disability&#148; set forth below). Disability means Executive is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)&nbsp;months or Executive is, by reason of any medically
determinable physical or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


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mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)&nbsp;months, receiving income replacement benefits for a
period of not less than three (3)&nbsp;months under an accident and health plan covering employees of the Corporation and any Related Entities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) <I><U>Obligations Survive Termination or Expiration.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding
the termination of Executive&#146;s employment pursuant to any provision of this Agreement (including any expiration of this Agreement), the parties shall be required to carry out any provisions of this Agreement which contemplate performance by
them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either party which shall have accrued prior to such termination, including, but not limited to, any liability, loss or damage on
account of breach. No termination of employment shall terminate the obligation of the Corporation to make payments of any vested benefits provided hereunder or the obligations of Executive under Sections 11, 12 and 13. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <I><U>Notice by Executive.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Executive&#146;s employment hereunder may be terminated by Executive upon thirty (30)&nbsp;days written notice to the Corporation or at any time by mutual agreement in writing. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <U><I>Obligations Unconditional. </I></U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Except as set forth in Section&nbsp;10(c)(4), the Corporation&#146;s obligation to pay Executive the compensation provided in Section&nbsp;10 shall be absolute and unconditional and shall not be affected
by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Corporation may have against her or anyone else. All amounts payable by the Corporation hereunder shall be paid without
notice or demand. Each and every payment made hereunder by the Corporation shall be final and the Corporation will not seek to recover all or any part of such payment from Executive or from whomsoever may be entitled thereto, for any reason
whatsoever. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) <U><I>Good Reason Defined. </I></U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Agreement,
&#147;Good Reason&#148; shall mean: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) The assignment of duties to Executive by the Corporation which result
in Executive having significantly less authority or responsibility than she has on the date hereof, without her express written consent; provided that, this shall not prohibit the Corporation from assigning different duties to Executive, including a
different position (except as otherwise provided below), as may be in the best interest of the Corporation. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) The removal of Executive from or any failure to appoint or re-appoint her to a position of Senior Vice President of
the Corporation, or a more senior position, without her express written consent; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) Requiring Executive to
maintain her principal office (y)&nbsp;at a location outside of a 50 mile radius of the Corporation&#146;s principal executive offices at the time of this Agreement, or (z)&nbsp;at a location other than the principal executive offices of the
Corporation; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) A reduction by the Corporation of Executive&#146;s base salary, as the
same may have been increased from time to time; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) The failure of the Corporation to provide Executive with
substantially the same material fringe benefits that are provided to her at the inception of this Agreement (including, but not limited to, participation in bonus programs or equity incentive programs); </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) The Corporation&#146;s failure to comply with any material term of this Agreement; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) The occurrence of a Change of Control; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) The Corporation notifying Executive pursuant to Section&nbsp;2 of this Agreement, that the Corporation does not
intend to renew or extend this Agreement; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) The failure of the Corporation to obtain the assumption of,
and agreement to perform, this Agreement by any successor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) <U><I>Change of Control. </I></U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Agreement, a Change of Control occurs if, after the date of this Agreement, (i)&nbsp;any person, including a
&#147;group&#148; as defined in Section&nbsp;13(d)(3) of the Securities Exchange Act of 1934, becomes the owner or beneficial owner of Corporation securities having 50% or more of the combined voting power of the then outstanding Corporation
securities that may be cast for the election of the Corporation&#146;s directors; or (ii)&nbsp;as the direct or indirect result of, or in connection with, a tender or exchange offer, a merger or other business combination, a sale of assets, a
contested election of directors, or any combination of these events, the persons who were directors of the Corporation before such events cease to constitute a majority of the Corporation&#146;s Board, or any successor&#146;s board, within three
years of the last of such transactions. For purposes of this Agreement, a Change of Control occurs on the date on which an event described in (i)&nbsp;or (ii)&nbsp;occurs. If a Change of Control occurs on account of a series of transactions or
events, the Change of Control occurs on the date of the last of such transactions or events. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event a Change of Control
occurs, all unvested equity participation grants by the Corporation to Executive will immediately vest and shall be exercisable over the period of time set forth in the granting documents. Notwithstanding the foregoing, in the event of a material
disagreement between this Agreement and any equity granting documents regarding the definition of a Change of Control that impacts the vesting of unvested equity participation grants under this provision, the definition of a Change of Control set
forth in the equity granting documents shall control with respect to the equity grants to which such documents relate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k)
Solely for purposes of determining the timing of payment of amounts owed to Executive as a result of the termination of Executive&#146;s employment with the Corporation </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


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pursuant to Sections 10(c)(2)(i), 10(c)(3)(iv), and 10(c)(3)(v) of the Employment Agreement, the term &#147;termination of employment&#148; shall mean Executive&#146;s &#147;separation from
service&#148; (as such term is used for such purposes of Section&nbsp;409A of the Code) with the Corporation and any Related Entities. Executive shall be deemed to have a separation from service on a date only if the Corporation and Executive
reasonably anticipate that (a)&nbsp;no further services will be performed for the Corporation or any Related Entities after such date or (b)&nbsp;the level of bona fide services Executive will perform for the Corporation or any Related Entities
after such date (whether as an employee or as an independent contractor) will permanently decrease to no more than twenty percent (20%)&nbsp;of the average level of bona fide services performed (whether as an employee or as an independent
contractor) over the immediately preceding 36-month period (or the full period of services to the Corporation and any Related Entities if Executive has then been providing services to the Corporation or any Related Entities for less than 36 months).
For purposes of this definition, for periods during which Executive is on a paid Leave of Absence and has not otherwise terminated employment, Executive shall be treated as providing bona fide services at a level equal to the level of services that
he would have been required to perform to receive the compensation paid with respect to such Leave of Absence. Also, for purposes of this definition, periods during which Executive is on an unpaid Leave of Absence and has not otherwise terminated
employment shall be disregarded (including for purposes of determining the 36-month, or shorter period). For purposes of this definition, the term &#147;Related Entity&#148; means any entity which is aggregated with the Corporation or any other
entity pursuant to Section&nbsp;414(b) or 414(c) of the Code or would be so aggregated if the language &#147;at least 50%&#148; were used instead of &#147;at least 80%&#148; each place it appears in Section&nbsp;1563(a)(1),(2) and (3)&nbsp;of the
Code and Treasury Regulations Section&nbsp;1.414(c)-2. Further, for purposes of this definition, the term &#147;Leave of Absence&#148; means a military leave, sick leave or bona fide Leave of Absence of Executive which does not exceed six
(6)&nbsp;months (or such longer period for which Executive retains such right to re-employment with the Corporation or Related Entity under an applicable statute or by contract), but only if there is a reasonable expectation that Executive will
return to perform services for the Corporation or a Related Entity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;11. <U>Confidentiality/Nondisclosure.</U>
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Executive hereby acknowledges that Executive&#146;s employment with the Corporation places Executive in a position of
confidence and trust with respect to the business, operations, customers, prospects, and personnel of the Corporation, and that Executive will be given access to trade secrets and confidential and proprietary business information of the Corporation.
Executive acknowledges that the Corporation&#146;s trade secrets and confidential and proprietary business information include, but is not limited to, such matters as Corporation patents, trade secrets, systems, products and methodologies (whether
or not patentable), formulas, processes, manufacturing procedures, manuals, reports, software and source code used in the Corporation&#146;s production and business processes, customers, identity of vendors, materials used in the manufacturing
process, pricing received from vendors, machine settings, business opportunities and prospective business opportunities, costing and pricing procedures, marketing and business strategies, equipment and methods used and preferred by the Corporation
and/or its customers, and the amounts paid by such customers for the Corporation&#146;s products (all of the foregoing will be hereinafter referred to as &#147;confidential information&#148;). Additionally, and not by way of limitation, as used
above, the term &#147;trade secrets&#148; shall be afforded the broadest construction allowed by the common law, the Virginia Trade Secrets Act, and/or the federal law. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Executive agrees that the Corporation&#146;s confidential information derives
independent economic value because it is not generally known or readily ascertainable by other persons who could obtain economic value from the disclosure or use of such information. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Executive acknowledges that the Corporation has invested considerable time and expense in developing and safeguarding its
confidential information, and in developing and maintaining personal contacts and relationships with its customers and potential customers. Executive agrees that, in so doing, the Corporation has developed favorable goodwill with customers and with
the business community. The Corporation wishes to safeguard its goodwill and confidential information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Executive pledges
her best efforts and utmost diligence to protect the Corporation&#146;s confidential information. Unless required by the Corporation in connection with Executive&#146;s employment or with the Corporation&#146;s express written consent, Executive
agrees that she will not, either during her employment with the Corporation or afterwards, directly or indirectly, use or disclose for Executive&#146;s own benefit or for the benefit of another person or entity of any kind, or group of persons
and/or entities, any of the Corporation&#146;s confidential information, whether or not the information is acquired, learned, attained, or developed by Executive alone or in conjunction with others. Executive makes the same pledge with regard to the
confidential information of the Corporation&#146;s customers, contractors, or others with whom the Corporation has a business relationship. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) Executive also agrees that all notes, lists, records, drawings, memoranda, or other documents that are made or compiled by Executive or which were available to Executive concerning any of the
Corporation&#146;s business and/or confidential information shall be the exclusive property of the Corporation. Executive agrees to deliver such materials and information to the Corporation upon the termination of the employment relationship or at
any other time at the Corporation&#146;s request. Executive understands that the unauthorized taking or disclosure of any of such information or materials could also result in civil and/or criminal liability. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) The Corporation expects Executive to respect any trade secrets or confidential information of any of Executive&#146;s former
employers, business associates, or any others. Executive agrees to respect the Corporation&#146;s express direction to Executive not to disclose to the Corporation, its officers, or any employees any such information as long as it remains
confidential. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) Notwithstanding any contrary provision contained herein, Executive will be permitted to retain any
documentation reasonably necessary to enforce the terms of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;12. <U>Covenant Not to Compete and
Non-solicitation.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Executive understands and agrees that the Corporation has disclosed or will disclose
confidential information to Executive during her employment with the Corporation, the disclosure or use of which outside the Corporation&#146;s business would be detrimental to the Corporation. Executive further agrees that the Corporation would
suffer great loss and damage if Executive should, on her own behalf or on behalf of any other person or entity of any kind, or group of persons and/or entities, use or disclose any of the Corporation&#146;s confidential information. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Executive acknowledges that Executive&#146;s engaging in any business that is
competitive with the Corporation would cause the Corporation great and irreparable harm. While employed by the Corporation, Executive shall faithfully devote her best efforts to advance the business and interests of the Corporation and shall not, on
her own behalf or another&#146;s behalf, engage in any manner in any other business competing with that of the Corporation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) During the Restricted Period (defined below), Executive shall not, on her own behalf or on behalf of another person or entity of any
kind, or group of persons and/or entities, (i)&nbsp;participate in the management or control of any competing business engaged in (y)&nbsp;the offering of services similar to and competitive with the type offered by the Corporation at the time of
termination of Executive&#146;s employment and/or (z)&nbsp;the manufacture or sale of products similar to and competitive with the type manufactured, sold or designed by the Corporation at the time of termination of Executive&#146;s employment, or
(ii)&nbsp;be employed by any such business (as described in clause (i)&nbsp;above) in a position in which Executive would perform duties that are substantially similar to and competitive with or the same as those performed by Executive on behalf of
the Corporation or in a position that would utilize knowledge or skill developed by Executive during such employment with the Corporation. It is expressly provided, however, that this covenant does not preclude Executive from working in the fiber
optic and/or copper data communications cabling and connectivity industry in a role that would not compete with the business of the Corporation. The geographic scope of the covenants in this paragraph shall extend to those markets in which the
Corporation does business or has active plans to do business at the termination of Executive&#146;s employment. Executive further acknowledges that the covenants in this paragraph are reasonable and necessary to protect the Corporation&#146;s
legitimate business interests. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Executive acknowledges that, while employed by the Corporation, Executive will have
contact with and/or become aware of the Corporation&#146;s customers and the representatives of those customers, their names and addresses, specific customer needs and requirements, and leads and references to prospective customers. Executive
further acknowledges that loss of such customers would cause the Corporation great and irreparable harm. During the Restricted Period, Executive shall not solicit, contact, call upon, or attempt to communicate with any customer or prospective
customer of the Corporation on behalf of any business competing with that of the Corporation for the purpose of securing business that is the same as or similar to that of the Corporation. This restriction will apply only to any customer or
prospective customer of the Corporation with whom the Corporation has had contact during the last twelve (12)&nbsp;months of Executive&#146;s employment with the Corporation. For the purposes of the preceding sentence, &#147;contact&#148; means
(i)&nbsp;interaction between the Corporation and the customer or prospective customer that takes place to further the business of either the Corporation or the customer, or (ii)&nbsp;making sales or marketing efforts to or performing services for
the customer or prospective customer on behalf of the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) During the greater of (i)&nbsp;twelve (12)&nbsp;months
after the termination of Executive&#146;s employment with the Corporation for any reason or (ii)&nbsp;the Restricted Period, Executive may not recruit, hire or attempt to recruit or hire, directly or by assisting others, any other employee of the
Corporation. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) As used in this Section&nbsp;12, &#147;Restricted Period&#148; shall mean the period of
time from the date of Executive&#146;s termination for any reason until the passage of the greater of: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">twelve (12)&nbsp;months; or </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) in the event Section&nbsp;10(c)(2) of this Agreement is applicable, then twelve (12)&nbsp;months; or </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) in the event Section&nbsp;10(c)(3) of this Agreement is applicable, then eighteen (18)&nbsp;months; </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">provided, however, that in the event of termination of Executive by the Corporation other than for Cause or termination by Executive for Good Reason, in
no case shall the Restricted Period be longer than the period set forth in clause (ii)(A) or clause (ii)(B) above, as applicable; and further provided that notwithstanding the foregoing, in the event the Restricted Period is less than eighteen
(18)&nbsp;months, the Corporation shall have the option to extend the Restricted Period to an aggregate period equal to not more than eighteen (18)&nbsp;months by proportionally increasing the compensation provided to Executive under either
Section&nbsp;10(c)(2) or Sections 10(c)(3)(i) and (ii), as applicable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, except as set forth in
Section&nbsp;10(c)(4) above, the imposition of the restrictions during the Restricted Period under this Section&nbsp;12 are conditioned upon the payment by the Corporation to Executive of all amounts provided for under Section&nbsp;10(c)(2) or
Section&nbsp;10(c)(3) to the extent such Sections are applicable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) The Corporation and Executive agree that the value of
the payments made to Executive under Sections 10(c)(2)(i) and (ii), if applicable, and under Sections 10(c)(3)(i) and (ii), if applicable, represent the value being paid to Executive in exchange for her agreement to abide by the restrictions under
this Section&nbsp;12. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;13. <U>Ownership of Intellectual Property.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any and all inventions, discoveries, improvements, or creations (collectively &#147;intellectual property&#148;) that Executive has
conceived or made or may conceive or make during her employment with the Corporation that in any way, directly or indirectly, are connected with or related to the Corporation and/or its business, shall be the sole and exclusive property of the
Corporation. All works created by Executive under the Corporation&#146;s direction or in connection with the Corporation&#146;s business for which copyrights, trademarks or patents may be sought are &#147;works made for hire&#148; and will be the
sole and exclusive property of the Corporation. Any and all copyrights, trademarks or patents to such works, whether actually sought and/or applied for or not, will belong to the Corporation, and Executive shall execute all documents that may be
necessary to convey or assign any such rights that Executive may have in such intellectual property to the Corporation or that otherwise may be necessary to enable the Corporation to seek such protection for such intellectual property. To the extent
any such works are not deemed to be &#147;works made for hire,&#148; Executive hereby assigns all proprietary rights, including copyrights, trademarks and patents, in such works to the Corporation. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;14. <U>Injunctive Relief, Damages, Etc.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive agrees that given the nature of the positions held by Executive with the Corporation, that each and every one of the covenants
and restrictions set forth in Sections 11 and 12 above are reasonable in scope, length of time and geographic area and are necessary for the protection of the significant investment of the Corporation in developing, maintaining and expanding its
business. Accordingly, the parties hereto agree that in the event of any breach by Executive of any of the provisions of Sections 11 or 12 that monetary damages alone will not adequately compensate the Corporation for its losses and, therefore, that
it may seek any and all legal or equitable relief available to it, specifically including, but not limited to, injunctive relief. The covenants contained in Sections 11, 12 and 13 shall be construed and interpreted in any judicial proceeding to
permit their enforcement to the maximum extent permitted by law. Should a court of competent jurisdiction determine that any provision of the covenants and restrictions set forth in Section&nbsp;12 above is unenforceable as being overbroad as to
time, area or scope, the court may strike the offending provision or reform such provision to substitute such other terms as are reasonable to protect the Corporation&#146;s legitimate business interests. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event either party must proceed with litigation to force the other party to satisfy its obligations under the terms of this
Agreement, the court shall award to the prevailing party her or its reasonable litigation and counsel costs incurred to enforce her or its rights under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;15. <U>Binding Effect/Assignability.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement
shall be binding upon and inure to the benefit of the Corporation and Executive and their respective heirs, legal representatives, executors, administrators, successors and assigns, but neither this Agreement, nor any of the rights hereunder, shall
be assignable by Executive or any beneficiary or beneficiaries designated by Executive. The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the
business, stock or assets of the Corporation, by agreement in form and substance reasonably satisfactory to Executive, to expressly assume and agree to perform this Agreement in its entirety. Failure of the Corporation to obtain such agreement prior
to the effectiveness of any such succession shall be a breach of this Agreement. Any successor of the Corporation shall be bound by the terms of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;16. <U>Governing Law and Venue.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement shall be
subject to and construed in accordance with the laws of the Commonwealth of Virginia, without respect to its conflict of laws provisions. The parties agree that exclusive venue for any action to enforce this Agreement shall be the Circuit Court for
Roanoke County, Virginia, or the United States District Court for the Western District of Virginia, Roanoke Division. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;17. <U>Notices.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Any and all notices, designations, consents, offers, acceptance or any other communications provided for herein shall be given in writing and shall be deemed properly delivered if delivered in person or
by registered or certified mail, return receipt requested, addressed in the case of the Corporation to its registered office to the attention of the President and CEO, or in the case of Executive to her last known address. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;18. <U>Entire Agreement.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes any and
all other agreements, either oral or in writing, among the parties hereto with respect to the subject matter hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) This
Agreement may be executed in one or more counterparts, each of which shall be considered an original copy of this Agreement, but all of which together shall. evidence only one agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;19. <U>Amendment and Waiver.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">This Agreement may not be amended except by an instrument in writing signed by or on behalf of each of the parties hereto. No waiver of any provision of this Agreement shall be valid unless in writing and
signed by the person or party to be charged. No officer other than the President and CEO shall have the authority to amend this Agreement or waive any provision of this Agreement on behalf of the Corporation. Additionally, the President and CEO
shall be the officer designated to act on behalf of the Corporation with respect to the provisions of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;20. <U>Severability.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In case any one or more of the provisions of this Agreement is held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other
provision hereof and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;21. <U>Case and Gender.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wherever required by the context
of this Agreement, the singular or plural case and the masculine, feminine and neuter genders shall be interchangeable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;22. <U>Captions.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The captions used in this Agreement are intended for descriptive and reference purposes only and are not intended to affect the meaning of any Section hereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>[END OF PAGE] </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>[SIGNATURE PAGE FOLLOWS] </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>IN WITNESS WHEREOF, </B>the Corporation has caused this Agreement to be signed by its
duly authorized representative and Executive has hereunto set her hand and seal on the day and year first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>OPTICAL CABLE CORPORATION</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Neil D. Wilkin, Jr.</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Neil D. Wilkin, Jr.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, President &amp; Chief Executive Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXECUTIVE</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Tracy G. Smith</FONT></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tracy G. Smith</FONT></TD></TR></TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>


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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>dex102.htm
<DESCRIPTION>AMENDED AND RESTATED EMPLOYMENT AGREEMENT
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<TITLE>Amended and Restated Employment Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 10.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>OPTICAL CABLE CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AMENDED AND RESTATED EMPLOYMENT AGREEMENT
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this &#147;Agreement&#148;) is made and entered into as of April&nbsp;11,
2011 by and between OPTICAL CABLE CORPORATION, a Virginia corporation, hereinafter called the &#147;Corporation&#148;, and Neil D. Wilkin, Jr. called &#147;Executive&#148;, and provides as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>RECITALS </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the Corporation is a manufacturer and seller of fiber optic and copper data communications cabling and connectivity products, with its capital stock traded on the Nasdaq Global Market;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, Executive has been involved in the executive management of the business and affairs of the Corporation and possesses
managerial experience, knowledge, skills and expertise required by the Corporation; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the employment of Executive by
the Corporation is in the best interests of the Corporation and Executive; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the parties have mutually agreed upon
the terms and conditions of Executive&#146;s continued employment by the Corporation as hereinafter set forth; </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>TERMS OF
AGREEMENT </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">NOW, THEREFORE, for and in consideration of the premises and of the mutual promises and undertakings of the
parties as hereinafter set forth, and other good and valuable consideration, receipt of which is hereby acknowledged, the parties covenant and agree as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;1. <U>Employment.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Executive shall be employed as
Chief Executive Officer and President of the Corporation and shall discharge such duties and responsibilities of an executive nature as may be assigned him by the Board of Directors, including general responsibility for the business of the
Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Executive shall be nominated by the Board of Directors for election to the Corporation&#146;s Board of
Directors as long as he is the Chief Executive Officer and President of the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;2. <U>Term of
Employment.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The initial term of this Agreement shall end on October&nbsp;31, 2014. However, on November&nbsp;1, 2012
and each November&nbsp;1 thereafter the term of this Agreement shall be renewed and extended by one year unless Executive or the Corporation notifies the other in writing thirty (30)&nbsp;days prior to such date(s) that the term shall not be renewed
and extended. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;3. <U>Exclusive Service.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall devote his best efforts and full time to rendering services on behalf of the Corporation in furtherance of its best
interests. Executive shall comply with all policies, standards and regulations of the Corporation now or hereafter promulgated, and shall perform his duties under this Agreement to the best of his abilities and in accordance with standards of
conduct applicable to an executive officer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;4. <U>Salary.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) As compensation while employed hereunder, Executive, during his faithful performance of this Agreement shall receive an initial
annual base salary of $370,000, payable on such terms and in such installments as the parties may from time to time mutually agree upon. The Board of Directors or an appropriate committee thereof, in its discretion, may increase Executive&#146;s
base salary during the term of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The Corporation shall withhold state and federal income taxes, social
security taxes and such other payroll deductions as may from time to time be required by law or agreed upon in writing by Executive and the Corporation. The Corporation shall also withhold and remit to the proper party any amounts agreed to in
writing by the Corporation and Executive for participation in any corporate sponsored benefit plans for which a contribution is required. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) Except as otherwise expressly set forth herein, no compensation shall be paid pursuant to this Agreement in respect of any calendar month subsequent to any termination of Executive&#146;s employment
by the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;5. <U>Corporate Benefit Plans.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall be entitled to participate in or become a participant in any employee health, welfare and benefit plans maintained by the
Corporation for which he is or will become eligible. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;6. <U>Bonuses.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall participate in executive bonus programs, as established from time to time by the Board of Directors, or an appropriate
committee thereof. This includes participation in the Optical Cable Corporation 2011 Senior Leadership Team Annual Bonus Criteria, pursuant to which Executive is being provided with a 100% annual target bonus opportunity (as a percentage of annual
base salary) for the Corporation&#146;s fiscal year 2011 which, unless otherwise provided herein, is contingent on achievement of quantified corporate goals. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;7. <U>Equity Compensation.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive shall participate
in grants of long-term equity compensation awarded from time to time to senior executives pursuant to equity participation plans, including grants under the Optical Cable Corporation 2005 Stock Incentive Plan, the Optical Cable Corporation 2011
Stock Incentive Plan, and any successor plans. Grants under such plans are subject to approval by the Board of Directors or an appropriate committee thereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;8. <U>Expense Account. </U></B> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Corporation shall reimburse Executive for reasonable and customary business expenses incurred in the conduct of the
Corporation&#146;s business. Such expenses will include business meals, out-of-town lodging, travel expenses, reasonable professional fees and dues. Executive agrees to timely submit records and receipts of reimbursable items and agrees that the
Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to Executive following receipt and verification of such reports. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;9. <U>Paid Time Off (PTO).</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Executive shall be entitled to receive under the Corporation&#146;s Paid Time Off (&#147;PTO&#148;) program (or under any alternative program adopted in the future for vacation and sick time) the greater
of (i)&nbsp;248 hours of time away from work with continued compensation (PTO days) or (ii)&nbsp;the number of hours other similarly positioned employees would be eligible to receive based on years of service. The Corporation&#146;s PTO program
provides for both vacation and sick time off with pay. The PTO days for any calendar year will be earned on January&nbsp;1 of such calendar year. At the end of each calendar year, Executive shall be entitled to carry-over up to 120 unused PTO hours
to the next calendar year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;10. <U>Termination.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I><U>Resignation by Executive without Good Reason.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Executive may resign and terminate this Agreement upon written notice to the Corporation as provided herein. In the event Executive&#146;s employment under this Agreement is terminated by the resignation
of Executive without Good Reason (as hereinafter defined), Executive shall thereafter have no right to receive compensation or other benefits under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) <I><U>Termination by Corporation for Cause.</U></I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Corporation shall
have the right to terminate Executive&#146;s employment under this Agreement at any time for Cause, which termination shall be effective immediately. Termination for &#147;Cause&#148; shall include termination for (i)&nbsp;material breach of this
Agreement by Executive which breach is not cured within 30 days of receipt by Executive of written notice from the Corporation specifying the breach; (ii)&nbsp;Executive&#146;s gross negligence in the performance of his material duties hereunder;
(iii)&nbsp;intentional nonperformance or misperformance of such duties, or refusal to abide by or comply with the reasonable directives of the Board of Directors, or the Corporation&#146;s policies and procedures, which actions continue for a period
of at least 30 days after receipt by Executive of written notice of the need to cure or cease; (iv)&nbsp;Executive&#146;s willful dishonesty, fraud or misconduct with respect to the business or affairs of the Corporation, that in the reasonable
judgment of the Board of Directors materially and adversely affects the Corporation; or (v)&nbsp;Executive&#146;s conviction of, or a plea of nolo contendere to, a felony or other crime involving moral turpitude. In the event Executive&#146;s
employment under this Agreement is terminated for Cause, Executive shall thereafter have no right to receive compensation or other benefits under this Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U><I>Termination by Corporation without Cause or by Executive for Good Reason.</I></U>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1) The Corporation may terminate Executive&#146;s employment other than for Cause (as defined above) at any time upon
written notice to Executive, which termination shall be effective no sooner than thirty (30)&nbsp;days after such written notice to Executive. Executive may resign thirty (30)&nbsp;days after notice to the Corporation for &#147;Good Reason&#148;, as
hereafter defined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2) Except as otherwise provided in Section&nbsp;10(c)(3) of this Agreement, in the event Executive&#146;s
employment is terminated either: by the Corporation other than for Cause; or by Executive for Good Reason, then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Beginning on the six-month anniversary of the date of Executive&#146;s termination of employment, Executive shall
receive a monthly amount equal to one-twelfth (1/12)&nbsp;the rate of his annual base salary in effect immediately preceding such termination for twenty-four (24)&nbsp;months at the times such payments would have been made in accordance with
Section&nbsp;4(a). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Executive shall receive a payment in cash on the date his employment terminates equal
to twenty-four twelfths (24/12)&nbsp;times the greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to him in respect of each of the three (3)&nbsp;fiscal years of the Corporation prior to the fiscal year in which his
employment terminates (or such average over the shorter period of Executive&#146;s employment, if applicable), or (z)&nbsp;the amount of the target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior
to the termination of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Executive&#146;s last day of employment
with the Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other taxes required
to be withheld) equal to a pro-rated portion of Executive&#146;s then annual bonus contemplated in Section&nbsp;6 of this Agreement for the fiscal year in which Executive is terminated that is equal to the greater of: (y)&nbsp;the amount of the
annual cash bonus earned by him through his date of termination (but for his termination) as calculated under the then applicable annual bonus plan irrespective of any condition in such annual bonus plan regarding Executive&#146;s continued
employment through the end of such bonus period and/or the date of bonus payment, or (z)&nbsp;the amount of his target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior to the termination of
Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If Executive elects continuation coverage under a group health plan of the
Corporation under COBRA and pays the applicable premiums, then, in accordance with Treasury Regulations Section&nbsp;1.409A-1(b)(9)(v)(B), Executive will be entitled to receive reimbursement from the Corporation for premiums paid by Executive for
such continuation of coverage for a period of eighteen (18)&nbsp;months. Further, Executive will be entitled to receive reimbursement from the Corporation for health insurance premiums paid by Executive for a period of six (6)&nbsp;months (after the
initial 18-month period) whether such health insurance premiums are for COBRA continuation coverage or otherwise. In the event Executive is not eligible for COBRA during the six (6)&nbsp;months after the initial 18-month coverage continuation
period, then any reimbursement to Executive for this six (6)&nbsp;month period shall be limited to an amount equal to the Corporation&#146;s then latest COBRA rate for continuation of the same coverage. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3) In the event a Change of Control occurs, and Executive&#146;s employment is terminated
either: by Corporation other than for Cause or by Employee for Good Reason, in each case within thirty (30)&nbsp;months after the occurrence of such Change of Control, then, the Corporation&#146;s obligations under Section&nbsp;10(c)(2) shall not
apply, and in lieu thereof, the Corporation&#146;s obligations, in addition to any other obligations set forth under this Agreement, are as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) On or before Executive&#146;s last day of employment with the Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for
services rendered to the Corporation a cash amount (subject to any applicable payroll or other taxes required to be withheld) equal to the aggregate total of a twenty-four (24)&nbsp;month continuation of his annual base salary, as in effect
immediately preceding such termination. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) On or before Executive&#146;s last day of employment with the
Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other taxes required to be
withheld) equal to twenty-four twelfths (24/12)&nbsp;times the greater of: (y)&nbsp;the amount of the average annual cash bonus paid or payable to him in respect of each of the three (3)&nbsp;fiscal years of the Corporation prior to the fiscal year
in which his employment terminates (or such average over the shorter period of Executive&#146;s employment, if applicable), or (z)&nbsp;the amount of his target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in
effect prior to the termination of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) On or before Executive&#146;s last day
of employment with the Corporation (unless another period is mutually agreed upon by the parties), the Corporation shall pay to Executive as compensation for services rendered to the Corporation a cash amount (subject to applicable payroll or other
taxes required to be withheld) equal to a pro-rated portion of Executive&#146;s then annual bonus contemplated in Section&nbsp;6 of this Agreement for the fiscal year in which Executive is terminated that is equal to the greater of: (y)&nbsp;the
amount of the annual cash bonus earned by him through his date of termination (but for his termination) as calculated under the then applicable annual bonus plan irrespective of any condition in such annual bonus plan regarding Executive&#146;s
continued employment through the end of such bonus period and/or the date of bonus payment, or (z)&nbsp;the amount of his target bonus opportunity contemplated in Section&nbsp;6 of this Agreement, in each case as in effect prior to the termination
of Executive&#146;s employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) Upon Executive&#146;s termination of employment, if Executive elects
continuation coverage under a group health plan of the Corporation under COBRA and pays the applicable premiums, then, in accordance with Treasury Regulations Section&nbsp;1.409A1(b)(9)(v)(B), Executive will be entitled to receive reimbursement from
the Corporation for premiums paid by Executive for such continuation of coverage for a period of eighteen (18)&nbsp;months. Further, Executive will be entitled to receive reimbursement from the Corporation for health insurance premiums paid by
Executive for </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
a period of six (6)&nbsp;months (after the initial 18-month period) whether such health insurance premiums are for COBRA continuation coverage or otherwise. In the event Executive is not eligible
for COBRA during the six (6)&nbsp;months after the initial 18-month coverage continuation period, then any reimbursement to Executive for this six (6)&nbsp;month period shall be limited to an amount equal to the Corporation&#146;s then latest COBRA
rate for continuation of the same coverage. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) In accordance with Treasury Regulations
Section&nbsp;1.409A-1(b)(9)(v)(A), in the event of Executive&#146;s termination of employment, Executive will be entitled to receive reimbursement from the Corporation for reasonable out-placement service expenses, including job search services,
paid by Executive. The services will be provided by a recognized out-placement organization selected by Executive with the approval of the Corporation (which approval will not be unreasonably withheld). The reimbursement of the service expenses will
be provided for a period beginning on Executive&#146;s termination of employment and ending on the second annual anniversary of Executive&#146;s termination of employment with the Corporation. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) Any benefits paid by the Corporation pursuant to Section&nbsp;10(c)(3), or otherwise triggered by the occurrence of a
Change of Control, will be grossed up by the Corporation as necessary to protect Executive from paying any excise taxes that may result from such benefits. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(4) Notwithstanding the provisions of Section&nbsp;10(c)(2) and Section&nbsp;10(c)(3) of this Agreement to the contrary: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) If Executive breaches Section&nbsp;11, 12 or 13, Executive will not thereafter be entitled to receive any further
compensation or benefits pursuant to Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable; provided that the Corporation shall have provided Executive with a reasonable time to cease and desist and cure any such violation, if curable;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) If, while he is receiving payments under Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable,
Executive violates the provisions of Section&nbsp;12, provided that the Corporation shall have provided Executive with a reasonable time to cease and desist and cure any such violation, if curable, such payments will cease and he will not thereafter
be entitled to receive any compensation or benefits pursuant to Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3), as applicable; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) The obligations of the Corporation to Executive under Section&nbsp;10(c)(2) and Section&nbsp;10(c)(3) are conditioned upon Executive&#146;s signing a release of claims in a form satisfactory to the
Corporation within sixty (60)&nbsp;days of the date he receives or gives notice of termination of his employment or the date he receives said release of claims from the Corporation, whichever is later, and upon his not revoking the release of claims
thereafter. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I><U>Termination Upon Executive&#146;s Death.</U></I> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of
Executive his compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end of the month in which his death occurs. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <U><I>Termination Upon Disability.</I></U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Corporation may terminate Executive&#146;s employment under this Agreement, after having established Executive&#146;s disability, by
giving to Executive written notice of its intention to terminate his employment for disability and his employment with the Corporation shall terminate effective on the 120th day after receipt of such notice if within 120 days after such receipt
Executive shall fail to return to the full-time performance of the essential functions of his position (and if Executive&#146;s disability has been established pursuant to the definition of &#147;disability&#148; set forth below). Disability means
Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12)&nbsp;months or Executive is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)&nbsp;months,
receiving income replacement benefits for a period of not less than three (3)&nbsp;months under an accident and health plan covering employees of the Corporation and any Related Entities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) <I><U>Obligations Survive Termination or Expiration.</U></I> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the termination of Executive&#146;s employment pursuant to any provision of this Agreement (including any expiration of
this Agreement), the parties shall be required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either
party which shall have accrued prior to such termination, including, but not limited to, any liability, loss or damage on account of breach. No termination of employment shall terminate the obligation of the Corporation to make payments of any
vested benefits provided hereunder or the obligations of Executive under Sections 11, 12 and 13. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <U><I>Notice by
Executive.</I></U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive&#146;s employment hereunder may be terminated by Executive upon thirty (30)&nbsp;days written
notice to the Corporation or at any time by mutual agreement in writing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <U><I>Obligations Unconditional.</I></U>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except as set forth in Section&nbsp;10(c)(4), the Corporation&#146;s obligation to pay Executive the compensation provided in
Section&nbsp;10 shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Corporation may have against him or anyone
else. All amounts payable by the Corporation hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Corporation shall be final and the Corporation will not seek to recover all or any part of such payment from
Executive or from whosoever may be entitled thereto, for any reason whatsoever. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <I><U>Good Reason Defined.</U> </I> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Agreement, &#147;Good Reason&#148; shall mean: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) The assignment of duties to Executive by the Corporation which result in Executive having significantly less authority
or responsibility than he has on the date hereof, without his express written consent; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) The removal of
Executive from or any failure to re-elect him to the position of Chief Executive Officer and President of the Corporation without his express written consent; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) (y) Executive is not elected to serve on the Board of Directors, or (z)&nbsp;the Board of Directors fails to, or in the event of a Change of Control, the principal shareholders fail to, cause
Executive to be nominated and put forth their best efforts to elect Executive to the Board of Directors; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv)
Requiring Executive to maintain his principal office (y)&nbsp;at a location outside of a 50 mile radius of the Corporation&#146;s principal executive offices at the time of this Agreement, or (z)&nbsp;at a location other than the principal executive
offices of the Corporation; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) A reduction by the Corporation of Executive&#146;s base salary, as the same
may have been increased from time to time; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) The failure of the Corporation to provide Executive with
substantially the same material fringe benefits that are provided to him at the inception of this Agreement (including, but not limited to, participation in bonus programs or equity incentive programs); </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) The Corporation&#146;s failure to comply with any material term of this Agreement; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) The occurrence of a Change of Control; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) The Corporation notifying Executive pursuant to Section&nbsp;2 of this Agreement, that the Corporation does not
intend to renew or extend this Agreement; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(x) The failure of the Corporation to obtain the assumption of,
and agreement to perform, this Agreement by any successor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) <U><I>Change of Control. </I></U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Agreement, a Change of Control occurs if, after the date of this Agreement, (i)&nbsp;any person, including a
&#147;group&#148; as defined in Section&nbsp;13(d)(3) of the Securities Exchange Act of 1934, becomes the owner or beneficial owner of Corporation securities having 50% or more of the combined voting power of the then outstanding Corporation
securities that may be cast for the election of the Corporation&#146;s directors; or (ii)&nbsp;as the direct or indirect result of, or in connection with, a tender or exchange offer, a merger or other business combination, a sale of
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


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assets, a contested election of directors, or any combination of these events, the persons who were directors of the Corporation before such events cease to constitute a majority of the
Corporation&#146;s Board, or any successor&#146;s board, within three years of the last of such transactions. For purposes of this Agreement, a Change of Control occurs on the date on which an event described in (i)&nbsp;or (ii)&nbsp;occurs. If a
Change of Control occurs on account of a series of transactions or events, the Change of Control occurs on the date of the last of such transactions or events. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In the event a Change of Control occurs, all unvested equity participation grants by the Corporation to Executive will immediately vest and shall be exercisable over the period of time set forth in the
granting documents. Notwithstanding the foregoing, in the event of a material disagreement between this Agreement and any equity granting documents regarding the definition of a Change of Control that impacts the vesting of unvested equity
participation grants under this provision, the definition of a Change of Control set forth in the equity granting documents shall control with respect to the equity grants to which such documents relate. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) Solely for purposes of determining the timing of payment of amounts owed to Executive as a result of the termination of
Executive&#146;s employment with the Corporation pursuant to Sections 10(c)(2)(i), 10(c)(3)(iv), and 10(c)(3)(v) of the Employment Agreement, the term &#147;termination of employment&#148; shall mean Executive&#146;s &#147;separation from
service&#148; (as such term is used for such purposes of Section&nbsp;409A of the Code) with the Corporation and any Related Entities. Executive shall be deemed to have a separation from service on a date only if the Corporation and Executive
reasonably anticipate that (a)&nbsp;no further services will be performed for the Corporation or any Related Entities after such date or (b)&nbsp;the level of bona fide services Executive will perform for the Corporation or any Related Entities
after such date (whether as an employee or as an independent contractor) will permanently decrease to no more than twenty percent (20%)&nbsp;of the average level of bona fide services performed (whether as an employee or as an independent
contractor) over the immediately preceding 36-month period (or the full period of services to the Corporation and any Related Entities if Executive has then been providing services to the Corporation or any Related Entities for less than 36 months).
For purposes of this definition, for periods during which Executive is on a paid Leave of Absence and has not otherwise terminated employment, Executive shall be treated as providing bona fide services at a level equal to the level of services that
he would have been required to perform to receive the compensation paid with respect to such Leave of Absence. Also, for purposes of this definition, periods during which Executive is on an unpaid Leave of Absence and has not otherwise terminated
employment shall be disregarded (including for purposes of determining the 36-month, or shorter period). For purposes of this definition, the term &#147;Related Entity&#148; means any entity which is aggregated with the Corporation or any other
entity pursuant to Section&nbsp;414(b) or 414(c) of the Code or would be so aggregated if the language &#147;at least 50%&#148; were used instead of &#147;at least 80%&#148; each place it appears in Section&nbsp;1563(a)(1),(2) and (3)&nbsp;of the
Code and Treasury Regulations Section&nbsp;1.414(c)-2. Further, for purposes of this definition, the term &#147;Leave of Absence&#148; means a military leave, sick leave or bona fide Leave of Absence of Executive which does not exceed six
(6)&nbsp;months (or such longer period for which Executive retains such right to re-employment with the Corporation or Related Entity under an applicable statute or by contract), but only if there is a reasonable expectation that Executive will
return to perform services for the Corporation or a Related Entity. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;11. <U>Confidentiality/Nondisclosure.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Executive hereby acknowledges that Executive&#146;s employment with the Corporation places Executive in a position of confidence and
trust with respect to the business, operations, customers, prospects, and personnel of the Corporation, and that Executive will be given access to trade secrets and confidential and proprietary business information of the Corporation. Executive
acknowledges that the Corporation&#146;s trade secrets and confidential and proprietary business information include, but is not limited to, such matters as Corporation patents, trade secrets, systems, products and methodologies (whether or not
patentable), formulas, processes, manufacturing procedures, manuals, reports, software and source code used in the Corporation&#146;s production and business processes, customers, identity of vendors, materials used in the manufacturing process,
pricing received from vendors, machine settings, business opportunities and prospective business opportunities, costing and pricing procedures, marketing and business strategies, equipment and methods used and preferred by the Corporation and/or its
customers, and the amounts paid by such customers for the Corporation&#146;s products (all of the foregoing will be hereinafter referred to as &#147;confidential information&#148;). Additionally, and not by way of limitation, as used above, the term
&#147;trade secrets&#148; shall be afforded the broadest construction allowed by the common law, the Virginia Trade Secrets Act, and/or the federal law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Executive agrees that the Corporation&#146;s confidential information derives independent economic value because it is not generally known or readily ascertainable by other persons who could obtain
economic value from the disclosure or use of such information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Executive acknowledges that the Corporation has invested
considerable time and expense in developing and safeguarding its confidential information, and in developing and maintaining personal contacts and relationships with its customers and potential customers. Executive agrees that, in so doing, the
Corporation has developed favorable goodwill with customers and with the business community. The Corporation wishes to safeguard its goodwill and confidential information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) Executive pledges his best efforts and utmost diligence to protect the Corporation&#146;s confidential information. Unless required by the Corporation in connection with Executive&#146;s employment or
with the Corporation&#146;s express written consent, Executive agrees that he will not, either during his employment with the Corporation or afterwards, directly or indirectly, use or disclose for Executive&#146;s own benefit or for the benefit of
another person or entity of any kind, or group of persons and/or entities, any of the Corporation&#146;s confidential information, whether or not the information is acquired, learned, attained, or developed by Executive alone or in conjunction with
others. Executive makes the same pledge with regard to the confidential information of the Corporation&#146;s customers, contractors, or others with whom the Corporation has a business relationship. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Executive also agrees that all notes, lists, records, drawings, memoranda, or other documents that are made or compiled by Executive
or which were available to Executive concerning any of the Corporation&#146;s business and/or confidential information shall be the exclusive property of the Corporation. Executive agrees to deliver such materials and information to the Corporation
upon the termination of the employment relationship or at any other time at the Corporation&#146;s request. Executive understands that the unauthorized taking or disclosure of any of such information or materials could also result in civil and/or
criminal liability. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) The Corporation expects Executive to respect any trade secrets or confidential
information of any of Executive&#146;s former employers, business associates, or any others. Executive agrees to respect the Corporation&#146;s express direction to Executive not to disclose to the Corporation, its officers, or any employees any
such information as long as it remains confidential. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) Notwithstanding any contrary provision contained herein, Executive
will be permitted to retain any documentation reasonably necessary to enforce the terms of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;12. <U>Covenant Not to Compete and Non-solicitation.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Executive understands and agrees that the Corporation has disclosed or will disclose confidential information to Executive during his
employment with the Corporation, the disclosure or use of which outside the Corporation&#146;s business would be detrimental to the Corporation. Executive further agrees that the Corporation would suffer great loss and damage if Executive should, on
his own behalf or on behalf of any other person or entity of any kind, or group of persons and/or entities, use or disclose any of the Corporation&#146;s confidential information. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Executive acknowledges that Executive&#146;s engaging in any business that is competitive with the Corporation would cause the
Corporation great and irreparable harm. While employed by the Corporation, Executive shall faithfully devote his best efforts to advance the business and interests of the Corporation and shall not, on his own behalf or another&#146;s behalf, engage
in any manner in any other business competing with that of the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) During the Restricted Period (defined below),
Executive shall not, on his own behalf or on behalf of another person or entity of any kind, or group of persons and/or entities, (i)&nbsp;participate in the management or control of any competing business engaged in (y)&nbsp;the offering of
services similar to and competitive with the type offered by the Corporation at the time of termination of Executive&#146;s employment and/or (z)&nbsp;the manufacture or sale of products similar to and competitive with the type manufactured, sold or
designed by the Corporation at the time of termination of Executive&#146;s employment, or (ii)&nbsp;be employed by any such business (as described in clause (i)&nbsp;above) in a position in which Executive would perform duties that are substantially
similar to or the same as and competitive with those performed by Executive on behalf of the Corporation or in a position that would utilize knowledge or skill developed by Executive during such employment with the Corporation. It is expressly
provided, however, that this covenant does not preclude Executive from working in the fiber optic and/or copper data communications cabling and connectivity industry in a role that would not compete with the business of the Corporation. The
geographic scope of the covenants in this paragraph shall extend to those markets in which the Corporation does business or has active plans to do business at the termination of Executive&#146;s employment. Executive further acknowledges that the
covenants in this paragraph are reasonable and necessary to protect the Corporation&#146;s legitimate business interests. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)
Executive acknowledges that, while employed by the Corporation, Executive will have contact with and/or become aware of the Corporation&#146;s customers and the representatives of those customers, their names and addresses, specific customer needs
and requirements, and leads and references to prospective customers. Executive further acknowledges that loss of such customers would cause the Corporation great and irreparable harm. During the Restricted Period, Executive shall not solicit,
contact, call upon, or attempt to communicate with any customer or prospective customer of the Corporation on behalf of any business competing with that of the Corporation for the purpose of securing business that is the same as or similar to and
competitive with that of the Corporation. This </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



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restriction will apply only to any customer or prospective customer of the Corporation with whom the Corporation has had contact during the last twelve (12)&nbsp;months of Executive&#146;s
employment with the Corporation. For the purposes of the preceding sentence, &#147;contact&#148; means (i)&nbsp;interaction between the Corporation and the customer or prospective customer that takes place to further the business of either the
Corporation or the customer, or (ii)&nbsp;making sales or marketing efforts to or performing services for the customer, or prospective customer on behalf of the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) During the greater of (i)&nbsp;twelve (12)&nbsp;months after the termination of Executive&#146;s employment with the Corporation for any reason or (ii)&nbsp;the Restricted Period, Executive may not
recruit, hire or attempt to recruit or hire, directly or by assisting others, any other employee of the Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) As
used in this Section&nbsp;12, &#147;Restricted Period&#148; shall mean the period of time from the date of Executive&#146;s termination for any reason until the passage of the greater of: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">twelve (12)&nbsp;months; or </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) in the event Section&nbsp;10(c)(2) of this Agreement is applicable, then twenty-four (24)&nbsp;months; or </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) in the event Section&nbsp;10(c)(3) of this Agreement is applicable, then twenty-four (24)&nbsp;months. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, except as set forth in Section&nbsp;10(c)(4) above, the imposition of the restrictions during the
Restricted Period under this Section&nbsp;12 are conditioned upon the payment by the Corporation to Executive of all amounts provided for under Section&nbsp;10(c)(2) or Section&nbsp;10(c)(3) to the extent such Sections are applicable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) The Corporation and Executive agree that the value of the payments made to Executive under Sections 10(c)(2)(i) and (ii), if
applicable, and under Sections 10(c)(3)(i) and (ii), if applicable, represent the value being paid to Executive in exchange for his agreement to abide by the restrictions under this Section&nbsp;12. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;13. <U>Ownership of Intellectual Property.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any and all inventions, discoveries, improvements, or creations (collectively &#147;intellectual property&#148;) that Executive has
conceived or made or may conceive or make during his employment with the Corporation that in any way, directly or indirectly, are connected with or related to the Corporation and/or its business, shall be the sole and exclusive property of the
Corporation. All works created by Executive under the Corporation&#146;s direction or in connection with the Corporation&#146;s business for which copyrights, trademarks or patents may be sought are &#147;works made for hire&#148; and will be the
sole and exclusive property of the Corporation. Any and all copyrights, trademarks or patents to such works, whether actually sought and/or applied for or not, will belong to the Corporation, and Executive shall execute all documents that may be
necessary to convey or assign any such rights that Executive may have in such intellectual property to the Corporation or that otherwise may be necessary to enable the Corporation to seek such protection for such intellectual property. To the extent
any such works are not deemed to be &#147;works made for hire,&#148; Executive hereby assigns all proprietary rights, including copyrights, trademarks and patents, in such works to the Corporation. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;14. <U>Injunctive Relief, Damages, Etc.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive agrees that given the nature of the position held by Executive with the Corporation, that each and every one of the covenants
and restrictions set forth in Sections 11 and 12 above are reasonable in scope, length of time and geographic area and are necessary for the protection of the significant investment of the Corporation in developing, maintaining and expanding its
business. Accordingly, the parties hereto agree that in the event of any breach by Executive of any of the provisions of Sections 11 or 12 that monetary damages alone will not adequately compensate the Corporation for its losses and, therefore, that
it may seek any and all legal or equitable relief available to it, specifically including, but not limited to, injunctive relief. The covenants contained in Sections 11, 12 and 13 shall be construed and interpreted in any judicial proceeding to
permit their enforcement to the maximum extent permitted by law. Should a court of competent jurisdiction determine that any provision of the covenants and restrictions set forth in Section&nbsp;12 above is unenforceable as being overbroad as to
time, area or scope, the court may strike the offending provision or reform such provision to substitute such other terms as are reasonable to protect the Corporation&#146;s legitimate business interests. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event either party must proceed with litigation to force the other party to satisfy its obligations under the terms of this
Agreement, the court shall award to the prevailing party his or its reasonable litigation and counsel costs incurred to enforce his or its rights under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;15. <U>Binding Effect/Assignability.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement
shall be binding upon and inure to the benefit of the Corporation and Executive and their respective heirs, legal representatives, executors, administrators, successors and assigns, but neither this Agreement, nor any of the rights hereunder, shall
be assignable by Executive or any beneficiary or beneficiaries designated by Executive. The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the
business, stock or assets of the Corporation, by agreement in form and substance reasonably satisfactory to Executive, to expressly assume and agree to perform this Agreement in its entirety. Failure of the Corporation to obtain such agreement prior
to the effectiveness of any such succession shall be a breach of this Agreement. Any successor of the Corporation shall be bound by the terms of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;16. <U>Governing Law and Venue.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement shall be
subject to and construed in accordance with the laws of the Commonwealth of Virginia, without respect to its conflict of laws provisions. The parties agree that exclusive venue for any action to enforce this Agreement shall be the Circuit Court for
Roanoke County, Virginia, or the United States District Court for the Western District of Virginia, Roanoke Division. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;17. <U>Notices.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Any and all notices, designations, consents, offers, acceptance or any other communications provided for herein shall be given in writing and shall be deemed properly delivered if delivered in person or
by registered or certified mail, return receipt requested, addressed in the case of the Corporation to its registered office or in the case of Executive to his last known address. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;18. <U>Entire Agreement.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes any and
all other agreements, either oral or in writing, among the parties hereto with respect to the subject matter hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) This
Agreement may be executed in one or more counterparts, each of which shall be considered an original copy of this Agreement, but all of which together shall evidence only one agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;19. <U>Amendment and Waiver.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">This Agreement may not be amended except by an instrument in writing signed by or on behalf of each of the parties hereto. No waiver of any provision of this Agreement shall be valid unless in writing and
signed by the person or party to be charged. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;20. <U>Severability.</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In case any one or more of the provisions of this Agreement is held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision hereof and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;21. <U>Case and Gender.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Wherever required by the context of this Agreement, the singular or plural case and the masculine, feminine and neuter genders shall be interchangeable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Section&nbsp;22. <U>Captions.</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The captions used in this Agreement are intended for descriptive and reference purposes only and are not intended to affect the meaning of any Section hereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>[END OF PAGE] </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>[SIGNATURE PAGE FOLLOWS] </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>IN WITNESS WHEREOF, </B>the Corporation has caused this Agreement to be signed by its
duly authorized representatives and Executive has hereunto set his hand and seal on the day and year first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>OPTICAL CABLE CORPORATION</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Craig H. Weber</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig H. Weber</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman of the Compensation Committee of the Board of Directors</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Randall H. Frazier</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Randall H. Frazier</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Member of the Compensation Committee of the Board of Directors</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXECUTIVE</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Neil D. Wilkin, Jr.</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Neil D. Wilkin, Jr.</FONT></TD></TR></TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>


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