Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 46

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 46
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isable immediately prior to participant’s death or termination of employment due to disability will be exercisable until the earlier of (a) the first anniversary of the date of such event and (b) the last day of the term of such option. • Upon a participant’s termination of employment due to retirement, any incentive stock option held by the participant that was vested and exercisable immediately before the termination of employment will be exercisable until the earlier of (a) three months following such termination of employment and (b) the last day of the term of such option, and any nonqualified 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 fifth anniversary of such termination of employment and (b) the last day of the term of such option. • Upon a participant’s termination of employment for "cause" (as defined in the 2025 Plan, subject to a different definition that may be included in a participant's award agreement, employment agreement or severance agreement), any options held by the participant at the time of termination of employment, whether vested or not, will be forfeited in their entirety.

| 362024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

With respect to performance-based awards, if a participant’s employment is terminated due to death, disability or retirement, the Administrator can provide that the participant (or the heir, legatee or legal representative of the participant’s estate) will receive a distribution of a portion of the participant’s then-outstanding awards up to the amount that would have been earned if 100% of the performance goals had been achieved. Change in Control The Administrator may specify the effect of change in control of the Company (as defined in the 2025 Plan) 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, upon a change in control: • Any options outstanding which are not then exercisable and vested will become fully exercisable and vested. • Any restricted stock, RSUs and other stock-based awards that are subject only to service-based vesting conditions will become fully vested. Amendment and Termination of 2025 Plan The Board or the Administrator may at any time amend, alter, or discontinue the 2025 Plan, but no amendment, alteration or discontinuation may be made that would materially and adversely affect the rights of any participant with respect