Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 72

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 72
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 otherwise, if a participant's service is terminated for Cause, all awards held by the participant (whether vested or non-vested) will be immediately forfeited by the participant.

Other Terminations. Unless the terms of an award agreement expressly provide otherwise, if a participant's service is terminated for any reason other than those described above, all non-vested portions of awards held by the participant will be immediately forfeited by the participant. All vested portions of stock options and stock appreciation rights held by the participant will remain exercisable until the earlier of the end of the 90-day period following the participant’s termination or the date the stock option or stock appreciation right would otherwise expire.

Other Agreements. Notwithstanding the foregoing, if a participant’s employment, consulting or other written agreement with the Company or its affiliates provides for more favorable vesting terms or post-termination exercise periods, such terms will control and supersede the terms of the 2025 Plan or any award agreement.

#### Amendment and Termination of the Plan
The Board may amend, suspend or terminate the 2025 Plan at any time, provided that no such action will reduce the amount of any outstanding award or materially and adversely affect rights under any outstanding award without the applicable participant's consent.

The Committee may amend or modify any award agreement at any time, provided that (no such amendment or modification will materially and adversely affect rights under any outstanding awards without the applicable participant’s consent and any such amendment or modification must satisfy the requirements of Section 409A of the Code, as determined by the Committee in its sole discretion. In addition, the Committee may not, without prior stockholder approval, (i) reduce the exercise price of any outstanding stock option or stock appreciation right, (ii) exchange or replace an outstanding stock option or stock appreciation right with a new stock option or stock appreciation right with a lower exercise price, except pursuant to the adjustment provisions of the 2025 Plan, (iii) cancel a stock option or stock appreciation right in exchange for cash or other awards, or (iv) take any other action with respect to a stock option or stock appreciation right that would be treated as a repricing under the rules and regulations of Nasdaq.

To the extent determined by the Committee to be required under the rules of any securities exchange or any market system on which the common stock is listed or by the Code to ensure that incentive stock options are qualified under Section 422 of the Code, amendments to the 2025 Plan will be subject to approval by the Company’s stockholders