Company: NPO
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001171200-25-000088
Chunk: 62

Company: Enpro Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 62
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 under generally accepted accounting principles, 
 or                                                                                              |

| · | cancel                                                                                     
 a stock option or SAR at a time when its exercise price exceeds the fair market value of   
 the underlying stock, in exchange for cash, another stock option or SAR, restricted stock, 
 restricted stock units, or other equity award unless the cancellation and exchange occur   
 in connection with a change in capitalization or other similar change.                     |

The Equity Plan also prohibits the grant of options or SARs that include a “reload” feature. Clawback All cash and equity awards granted under the Equity Plan will be subject to clawback, cancellation, recoupment, rescission, payback, reduction, or other similar action in accordance with the terms of any company clawback or similar policy or any applicable law related to such actions, as may be in effect from time-to-time, including Enpro’s two executive compensation clawback policies described beginning on page 35. Transferability Awards are not transferable other than by will or the laws of descent and distribution, except that in certain instances transfers may be made to or for the benefit of designated family members of the participant for no value. Change in control Upon a change in control of Enpro, outstanding awards which are assumed by the resulting entity will generally continue vesting under the terms of the applicable award agreements. However, the assumed awards may be subject to accelerated vesting if the award holder is subject to certain terminations of employment (termination by the company without cause or by the award holder with good reason) within two years following the change in control. Awards which are not assumed by the resulting entity upon a change in control will be subject to accelerated vesting. In either case, vesting for performance awards will be based on the greater of: (1) an assumed achievement of all relevant performance goals at the target level, or (2) the actual level of achievement of all relevant performance goals against target as of the company’s fiscal quarter end preceding the change in control. “Change in control” is defined under the Equity Plan and requires consummation of the applicable transaction. Term, termination and amendment of the Equity Plan Unless earlier terminated by our Board of Directors, the Equity Plan will terminate, and no further awards may be granted, ten (10) years after the date on which it is approved by shareholders at the 2025 annual meeting. Our Board may amend, suspend, or terminate the Equity Plan at any time, except that, if required by applicable law, regulation, or stock exchange rule,