Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 43

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 43
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 option with a lower exercise price) is not permitted under the 2025 Plan without approval of our shareholders. The Administrator will determine the times and terms and conditions at which the options shall be exercisable, provided that in no event will the option vest prior to the one-year anniversary of the applicable grant date. If approved by the Administrator, payment of the exercise price may be made (a) in the form of previously acquired unrestricted shares that have been held for longer than six (6) months (b) pursuant to a broker-assisted sale and remittance program acceptable to the Administrator and in compliance with applicable law, or (c) by instructing the Company to withhold a number of common shares having a fair market value equal to (1) the exercise price, multiplied by (2) the number of shares in respect of which the option shall have been exercised. Incentive stock options under the 2025 Plan may only be granted to employees of the Company or a subsidiary. Generally, no participant may be granted an incentive stock option if, at the time of the award, he or she owns equity securities possessing more than 10% of the total combined voting power of all classes of equity securities of the Company or any subsidiary of the Company. The aggregate fair market value of shares, determined as of the date of grant, for which any employee may be granted incentive stock options that are exercisable for the first time in any calendar year may not exceed $250,000. Stock Awards Under the 2025 Plan, the Administrator may grant participants stock awards, which may involve the award of unrestricted shares of common stock, restricted stock, RSUs representing an amount equivalent in value to the fair market value of a common share, payable in shares, cash or other property, or SARs representing the right to receive cash and/or shares based on the increase, if any, in the Company’s share price over the term of such award. • Unrestricted Shares of Common Stock. Shares of unrestricted common stock are actual shares issued to a participant, which, as appropriate, are subject to stated restrictions on transferability, subject to forfeiture, and evidenced in such manner as the Administrator may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Generally, a holder of unrestricted common stock will have all of the rights of a shareholder of the Company, including, if applicable, the right to vote the shares. • Restricted Stock. Shares of restricted stock are actual shares issued to a participant, which, as appropriate, are subject to stated