Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 103

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 103
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 limited to, any business entity that has a significant financial interest in the Company and any business entity in which the Company has a significant financial interest, such entities to be referred to collectively as the “ Group Companies .”

1.21. “Group Employee” means any employee of a Group Company who is not an Employee.

1.22. “Independent Contractor” means a person (other than a person who is an Employee, Group Employee, or a Nonemployee Director) who renders Services to the Company, a Group Company, or an Affiliate and who qualifies as a consultant or advisor under Instruction A.1.(a)(1) of Form S-8 under the Securities Act of 1933, as amended.

1.23. “ISO” means a Stock Option that qualifies as an “incentive stock option” as set forth in Section 422 of the Code, as such section may be in effect from time to time.

1.24. “Leave of Absence” means any leave of absence approved by the Company.

1.25. “Nonemployee Director” means a member of the Board who is not an Employee.

1.26. “Nonqualified Stock Option” means a Stock Option that does not qualify as an ISO.

1.27. “Parent” means a corporation or any other business entity that directly or indirectly has an ownership interest of fifty percent (50%) or more of the Voting Stock of the Company.

1.28. “Participant” means any Employee, Group Employee, Nonemployee Director, or Independent Contractor to whom an Award has been granted under the Plan.

1.29. “Performance Share” means the grant to a Participant under the Plan of an Award of shares of Common Stock, as described in Section 10.1 below.

1.30. “Performance Unit” means the grant under the Plan to a Participant of an Award of a hypothetical share of Common Stock represented by a notional account that shall be established and maintained (or caused to be established or maintained) by the Company for such Participant, as described in Section 10.2 below.

1.31. “Plan” means the IPG Photonics 2025 Incentive Compensation Plan.

1.32. “Prior Plans” means the IPG Photonics 2000 Incentive Compensation Plan, as amended, the IPG Photonics Corporation Non-Employee Directors Stock Plan, as amended, and the IPG Photonics Corporation 2006 Incentive Compensation Plan, as amended and restated effective May 23