Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 45

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 45
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 authorized for issuance under the 2025 Plan. Additionally, the foregoing minimum one-year vesting requirement does not apply to the Administrator’s discretion to provide for accelerated exercisability or vesting of any award, including in cases of retirement, death, disability, or change in control. The Administrator may condition the vesting of awards based on the achievement of performance goals. The performance goals may be any of the following: overall sales growth, market share, return on net assets, economic value added, shareholder value added, expense ratio, revenues, revenue growth, earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization), earnings per share, operating income, pre- or after-tax income, net income, cash flow (before or after dividends), cash flow per share (before or after dividends), gross margin, operating margin or profit margin, pre- or after-tax return on equity, pre- or after-tax return on capital (including return on total capital or return on invested capital), cash flow return on investment, return on assets or operating assets, stock price appreciation, total shareholder return (measured in terms of stock price appreciation and dividend growth), cost control, evaluation of individual performance towards achieving goals, gross profit, operating profit, cash generation, stock price, core non-interest income, or change in working capital with respect to the Company or any one or more subsidiaries, divisions, business units or business segments of the Company either in absolute terms or relative to the performance of one or more other companies or an index covering multiple companies. Termination of Board Membership or Employment The Administrator may specify the effect of termination of service as a director or termination of employment on an award at the time of grant, subject to the Administrator’s right to modify the award terms after the date of grant in accordance with the terms of the 2025 Plan. Unless the Administrator provides otherwise, the following provisions apply to options: • A participant's unvested options will be forfeited in their entirety upon termination of employment. • Upon a participant’s termination of employment for any reason other than death, disability or retirement or for cause, any option held by the participant that was vested and exercisable immediately before the termination of employment will be exercisable until the earlier of (a) the three months following such termination of employment and (b) the last day of the term of such option. • Upon a participant’s death or termination of employment by reason of disability, any option held by the participant that was vested and exerc