Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 66

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 66
---
 “non-employee directors” within the meaning of Rule 16b-3 under the Securities Exchange Act of 1934, as amended from time to time (the “Exchange Act”). The Committee will initially be the Compensation Committee of the Board. The Committee may delegate to one or more of its members or one or more agents any administrative duties as it deems advisable. The Committee and its delegate may retain individuals to render advice to it with respect to any of its duties, including, without limitation, legal counsel and consultants. The Board may also delegate to the Company’s Chief Executive Officer the authority to grant specified numbers of awards to current or prospective employees (other than those individuals who, at the time of grant, are subject to Section 16(a) of the Exchange Act or whose annual and long-term compensation is otherwise included within the express responsibility of the Committee to discharge under the applicable committee charter) in the Chief Executive Officer’s discretion. The Committee has the authority to interpret the terms of the 2025 Plan. Subject to the terms of the 2025 Plan, the Committee has the authority to determine the individuals to whom awards are granted and to determine exercise prices, vesting requirements, the term of and the number of shares covered by each award, and the form of the award to be granted.

Committee Discretion. The Committee will have the discretion to determine the type, terms and conditions and recipients of awards granted under the 2025 Plan.

Persons Eligible to Participate in the 2025 Plan. Under the 2025 Plan, awards may be granted to employees of the Company or any group company, non-employee directors of the Company and independent contractors of the Company or any group company. A group company is a business in which the Company has a significant financial interest. The Committee will consider all relevant factors in selecting participants and determining the type and amount of awards given to such participants.

Number of Employees Eligible to Participate in the 2025 Plan. As of March 10, 2025, approximately 917 individuals would have been eligible to participate in the 2025 Plan had it been effective on such date, which includes five executive officers, 903 employees who are not executive officers, nine directors and zero consultants. Because the grant of awards under the 2025 Plan is within the discretion of the Committee, we cannot determine the dollar value or number of shares of common stock that will in the future be received by or allocated to any participant in the 2025 Plan.

56 NOTICE OF 202