Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 42

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 42
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 subsidiaries. There are approximately 3,401 eligible employees and 7 non-employee directors. No consultants are expected to be eligible at this time.

| 342024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

Administration The 2025 Plan will be administered by the Compensation Committee of the Board, or such other committee of the Board as the Board may from time to time designate (the “Administrator”). The Administrator will have the authority to grant awards pursuant to the terms of the 2025 Plan, and will have the discretionary authority to, among other things, select eligible individuals to whom awards may be granted, determine the type and the terms of any award to be granted, determine the number of shares to be covered by each award, approve the terms and conditions of each award, modify, amend, or adjust the terms and conditions of any award, adopt rules and regulations relating to the 2025 Plan, interpret the terms of the 2025 Plan and awards granted under the 2025 Plan, accelerate vesting or lapse of restrictions of any outstanding award, to decide all other matters to be determined in connection with awards, and to otherwise administer the 2025 Plan. The Administrator may delegate all or any part of its responsibilities and powers to a sub-committee or one or more individuals. In order to meet exemptions from the requirements imposed under Section 16 of the Securities Exchange Act of 1934, as amended, awards granted to officers and directors under the 2025 Plan may only be made by the entire Board or a committee of “non-employee directors,” as defined under Section 16 of the Exchange Act (which, if it so qualifies, may be the Administrator). Term The 2025 Plan will become effective on the Effective Date, and will terminate ten years after such approval unless terminated earlier by the Board. Summary of Awards Stock Options The 2025 Plan authorizes the grant of stock options (which may be either incentive stock options within the meaning of Section 422 of the Code, which are eligible for special tax treatment, or nonqualified stock options). The term of a stock option granted under the 2025 Plan will be fixed by the Administrator, but in any event cannot be longer than ten years from the date of grant, and the exercise price per share underlying the option may not be less than the fair market value of a common share on the date of grant. Re-pricing of options (i.e., reducing the exercise price or cancelling an option in exchange for cash, another award or an