Company: COHU
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010672
Chunk: 62

Company: COHU INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 62
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 settled at the time of the change in control. The terms of the award agreements for PSUs granted to our NEOs beginning in 2025, which cannot reasonably be assumed or substituted, provide for vesting acceleration upon a change in control at the greater of the target level or the level of performance attained through the change in control.

The Agreements had a three-year Initial Term and were automatically extended for a two-year period starting on September 8, 2023, as neither party had delivered written notice to the other party within six months prior to the completion of the then effective Term that the Agreement would not be extended.

|                                                       | Severance Agreement |                | Change in Control Agreement |                |
| Named Executive Officer                               | Multiplier          | COBRA          
 Premium        
 Payment Period | Multiplier                  | COBRA          
 Premium        
 Payment Period |
| Luis A. Müller                                        | 150%                | 18 months      | 200%                        | 24 months      |
| President & CEO                                       |                     |                |                             |                |
| Jeffrey D. Jones                                      | 100%                | 12 months      | 150%                        | 18 months      |
| Sr. Vice President, Finance & Chief Financial Officer |                     |                |                             |                |
| Christopher G. Bohrson                                | 100%                | 12 months      | 150%                        | 18 months      |
| Sr. Vice President, Chief Customer Officer            |                     |                |                             |                |
| Thomas D. Kampfer                                     | 100%                | 12 months      | 150%                        | 18 months      |
| Sr. Vice President Corporate Development              |                     |                |                             |                |

Qualifying Termination in Connection with a Change of Control

For this purpose, a change in control of Cohu means the occurrence of any of the following, in one or a series of related transactions:

| (i) | Any one person, or more than one person acting as a group (“Person”) acquires ownership of Cohu’s securities that, together with the stock held by such Person, constitutes more than 50% of the total voting power of Cohu’s then outstanding stock; |

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The term “change in control” shall not include a consolidation, merger, or other reorganization if upon consummation of such transaction all of the outstanding voting stock of Cohu is owned, directly or indirectly, by a holding company