Document:

EX-10.1

			
		 	 Exhibit
10.1                              

 

		
		 	

 December 13, 2012 
 Kathleen M. Boege 
 1555 North Dearborn Parkway #24E 

Chicago, IL 60610 
  

	 	Re:	Terms of Employment 

 Dear Kate:

 This letter agreement (“letter”) sets forth the terms of your employment with FreightCar America, Inc. (the
“Company”). Commencing on January 14, 2013, you will be employed as the Company’s General Counsel and Corporate Secretary, based at the Company’s offices in Chicago, Illinois, reporting to the Company’s President
and Chief Executive Officer. During your employment, you will devote your full-time business attention to the Company and will use your best efforts to discharge your responsibilities. You may, however, engage in civic and charitable activities and,
with the prior consent of the Company’s Board of Directors (“Board”), corporate boards, provided that these activities do not interfere with your duties to the Company. 

This letter and your employment is for no specific term. Your employment may be terminated at any time for any reason (or no reason),
subject to the terms of this letter below, by the Company or you upon notice to the other such party. 
 1.
Salary. Effective on your start date with the Company, you will receive an annual base salary in the amount of $300,000 (“Salary”), paid in accordance with payroll practices applicable to senior executives. Your Salary will
be reviewed by the Company annually. 
 2. Bonus. You will be eligible to
participate in the Company’s annual cash incentive plan applicable to senior executives (the “Bonus Plan”) and to earn a bonus (“Bonus”) for each fiscal year of the Company ending during your employment. The
measurement period for the annual cash incentive plan runs concurrent with the Company’s fiscal calendar which concludes on December 31st of each year. Your target Bonus is 50% of your Salary, upon achievement of a target level of performance set forth in
the Bonus Plan, payable in cash or securities of the Company, as may be determined under the Bonus Plan, within two and one-half months after the end of the fiscal year to which it relates. Your maximum Bonus, to the extent earned under the Bonus
Plan, may be as much as 75% of your Salary. 
  
 Two North
Riverside Plaza 
 Suite 1300 
 Chicago, IL 60606 USA 
 312.928.0850 

Fax 312.928.0890 

www.freightcaramerica.com 

 

 
  

 3. Long-Term Incentive and Other Executive Compensation Plans.
You will be eligible to participate in all of the Company’s equity-based and cash-based long-term incentive and other executive and deferred compensation plans on a basis no less favorable than other similarly situated executives. Any awards
under these plans may be made from time to time in the sole discretion of the Compensation Committee of the Board or the Board. Your participation in the Company’s long-term incentive plan for 2013 will take the form of the sign-on award
described in the next paragraph. 
 4. Sign-On Award. Effective on January 14, 2013, you will be
granted 3,250 options to purchase shares of the Company’s common stock under the Company’s 2005 Long Term Incentive Plan, having such terms and conditions as are set forth in the stock option award agreement attached to this letter as
Exhibit A. The exercise price of the shares subject to the options will be the fair market value of a share on January 14, 2013. Effective also on January 14, 2013, you will be granted 1,200 restricted shares of Company common stock under
the Company’s 2005 Long Term Incentive Plan, having such terms and conditions as are set forth in the restricted share award agreement attached to this letter as Exhibit B. 

5. Benefits; Business Expenses. During your employment, you will be entitled to participate in each of the
Company’s employee retirement, savings, welfare and fringe benefit plans, and perquisites, offered to its senior executives, as in effect from time to time. You will be entitled to paid annual vacation on a basis that is at least as favorable
as that provided to other similarly situated executives of the Company, but not less than four (4) weeks per year, earned in accordance with applicable Company policy. You will be reimbursed for all business, including entertainment, expenses
incurred by you in connection with your duties, subject to the Company’s policy with respect to such expenses. 
 6. Termination. Upon a termination of your employment for any reason, you will be entitled to (i) your accrued Salary and accrued and unused vacation through the date of termination,
(ii) your prior fiscal year bonus, to the extent earned and unpaid, and (iii) any accrued and vested benefits and unreimbursed expenses incurred and unpaid on the date of termination in accordance with Section 5. You will also
participate in and be entitled to benefits under the Company’s Executive Severance Plan as then in effect, subject to your prior written acknowledgement and acceptance of the terms and conditions of that plan. A copy of the Executive Severance
Plan as currently in effect is attached as Exhibit C to this letter. 
 7. Restrictive Covenants

 (a) Confidential Information. You understand that the Company possesses and will possess Confidential
Information that is important to its business. The Company devotes significant financial, human and other resources to the development of its products, its customer base and the general goodwill associated with

  
 2 

 

 
  

 
its business and the Company diligently maintains the secrecy and confidentiality of its Confidential Information. For this purpose, “Confidential Information” is information that was
or will be developed, created, or discovered by or on behalf of the Company, or that became or will become known by, or was or is conveyed to the Company, which has commercial value in the Company’s business. Confidential Information is
sufficiently secret to derive economic value from its not being generally known to other persons. Confidential Information also includes any and all financial, technical, commercial or other information concerning the business and affairs of the
Company that is confidential and proprietary to the Company, including without limitation, (i) information relating to the Company’s past and existing customers and vendors and development of prospective customers and vendors, including
without limitation specific customer product requirements, pricing arrangements, payment terms, customer lists and other similar information; (ii) inventions, designs, methods, discoveries, works of authorship, creations, improvements or ideas
developed or otherwise produced, acquired or used by the Company; (iii) the Company’s proprietary programs, processes or software, including but not limited to, computer programs in source or object code and all related documentation and
training materials, including all upgrades, updates, improvements, derivatives and modifications thereof and including programs and documentation in incomplete stages of design or research and development; (iv) the subject matter of the
Company’s patents, design patents, copyrights, trade secrets, trademarks, service marks, trade names, trade dress, manuals, operating instructions, training materials, and other industrial property, including such information in incomplete
stages of design or research and development; and (v) other confidential and proprietary information or documents relating to the Company’s products, business and marketing plans and techniques, sales and distribution networks and any
other information or documents which the Company reasonably regards as being confidential. 
 You understand that the Company possesses or will
possess “Company Materials” that are important to its business. For this purpose, “Company Materials” are documents or other media or tangible items that contain or embody Confidential Information or any other information
concerning the business, operations or future/strategic plans of the Company, whether such documents have been prepared by you or by others. In consideration of your employment by the Company, the compensation received by you from the Company, and
the Company’s agreement to give you access to certain Confidential Information, you agree as follows: 

(i) All Confidential Information and trade secret rights, and other intellectual property and rights (collectively
“Rights”) in connection therewith will be the sole property of the Company. At all times, both during your employment by the Company and after its termination for any reason, you will keep in confidence and trust and will not use or
disclose any Confidential Information or anything relating to it without the prior written consent of a then current officer of the Company except as may be necessary and appropriate in the ordinary course of performing your duties to the Company.

  
 3 

 

 
  

 (ii) All Company Materials will be the sole property of the Company. You
agrees that during your employment by the Company, you will not remove any Company Materials from the business premises of the Company or deliver any Company Materials to any person or entity outside the Company, except as you are required to do so
in connection with performing the duties of your employment. You further agree that, immediately upon the termination of your employment by you or by the Company for any reason, or during your employment if so requested by the Company, you will
return all Company Materials, apparatus, equipment and other physical property, or any reproduction of such property. 
 (b) Noncompetition and Non-solicitation. While employed by the Company and for a period of twelve (12) consecutive months thereafter, you will not, directly or indirectly: 

(i) Contact, solicit, interfere with, or divert, or induce or attempt to contact, solicit, interfere with or divert, any
of the Company’s customers; 
 (ii) Participate or engage in (as an owner, partner, employee, officer,
director, independent contractor, consultant, advisor or in any other capacity calling for the rendition of services, advice, or acts of management, operation or control) any business engaged in the manufacture, maintenance and/or repair of railcars
in North America; and 
 (iii) Solicit or induce or attempt to solicit or induce, by or for yourself, or as the
agent of another, or through others as an agent in any way, any person who is employed by the Company for the purpose of encouraging that employee to join you as a partner, agent, employee or otherwise in any business activity which is competitive
with the Company. 
 (c) Forfeitures. In the event that you materially breach any of the restrictions in
this Section 7, you shall forfeit all of the applicable payments and benefits described in this letter, and the Company shall have the right to recapture and seek repayment of any such applicable payments and benefits under this Agreement.

 (d) Intellectual Property. “Inventions” includes all improvements, inventions, designs,
formulas, works of authorship, trade secrets, technology, computer programs, compositions, ideas, processes, techniques, know-how and data, whether or not patentable, made or conceived or reduced to practice or developed by you, either

  
 4 

 

 
  

 
alone or jointly with others, during the term of your employment, including during any period prior to the date of this letter. Except as defined in this letter all Inventions that you make,
conceive, reduce to practice or develop (in whole or in part, either alone or jointly with others) during your employment will be the sole property of the Company to the maximum extent permitted by law. You agree to assign such Inventions and all
rights in them to the Company. Exemptions from this agreement to assign may be authorized in those circumstances where the mission of the Company is better served by such action, provided that overriding obligations to other parties are met and such
exemptions are not inconsistent with other Company policies. Further, you may petition the Company for license to make, market or sell a particular Invention. 
 (e) Injunction. You acknowledge that monetary damages will not be an adequate remedy for the Company in the event of a breach of this Section 7, and that it would be impossible for the Company
to measure damages in the event of such a breach. Therefore, you agree that, in addition to other rights and remedies that the Company may have, the Company is entitled to an injunction preventing you from any breach of this Section 7, and you
hereby waive any requirement that the Company post any bond in connection with any such injunction. You further agree that injunctive relief is reasonable and necessary to protect a legitimate, protectable interest of the Company. 

(f) Blue Pencil. If any court determines that the covenants contained in this Section 7, or any part hereof,
are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in
its reduced form, such provision shall then be enforceable. 
 (g) Survival. The restrictive covenants
contained in this Section 7 shall survive the termination of your employment, provided, however, that the covenants set forth in Section 7(b) shall expire after twelve (12) months following termination of your employment with
the Company. 
 8. Section 409A. Anything in this Agreement to the contrary notwithstanding, if any
payment(s) or benefit(s) under this Agreement would be subject to the provisions of Section 409A of the Internal Revenue Code of 1986 (the “Code”) at the time they become payable or benefits due you, to the extent required to
comply with Section 409A of the Code any such payments or benefits will be delayed for six (6) months or such other earliest day on which such payments could be made or benefits provided in compliance with Section 409A of the Code and
the regulations thereunder (at which point all payments so delayed will be provided or reimbursed to you in one lump sum, without interest, within two and one-half months after the date they then become so payable or due to you). 

  
 5 

 

 
  

 9. Miscellaneous. 

(a) Entire Agreement. Except as otherwise contemplated herein, this letter (including Exhibits A, B and C)
contains the entire agreement between you and the Company with respect to the subject matter hereof. No amendment, modification or termination of this letter may be made orally, but must be made in writing and signed by you and the Company. In the
event of any inconsistency between this letter (including Exhibits A, B and C) and any plan, program, practice or agreement of or with the Company and you, this letter (including Exhibits A, B and C) shall control. 

(b) Survival. The provisions of Sections 6 and 7 shall survive any termination of your employment, provided,
however, that the covenants set forth in Section 7(b) shall expire after twelve (12) months following termination of your employment with the Company. 

(c) Successors; Assignment. Neither party hereto may assign any rights or delegate any duties under this letter
without the prior written consent of the other party; provided, however, that (a) this letter will inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale of all or substantially all of the
Company’s stock and/or assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation or other legal entity, all as though such successors and assigns of the Company and their respective successors
and assigns were the Company; and (b) this letter will inure to the benefit of and be binding upon your heirs, assigns or designees to the extent of any payments due to them hereunder. 

(d) Governing Law. This letter will be governed by and construed in accordance with the law of the State of
Illinois, and not its choice of law rules, applicable to contracts made and to be performed entirely within that State. 
 (e) No Set-off or Mitigation. Your rights to payments under this letter will not be affected by any set-off, counterclaim, recoupment or other right the Company may have against you or anyone else.
You do not need to seek other employment or take any other action to mitigate any amounts owed to you under this letter, and those amounts will not be reduced if you do obtain other employment. 

(f) Notices. All notices, requests, demands and other communications under this letter must be in writing and will
be deemed given (i) when hand-delivered, (ii) on the first business day after the business day sent from within the United States, if delivered by a nationally recognized overnight courier or (iii) on the third business day after the
business day sent if delivered by registered or certified mail, return receipt requested, in each case to the following address (or to such other address as may be specified by notice that conforms to this Section 9(f)): 

  
 6 

 

 
  

 If to the Company, to: 

FreightCar America, Inc. 
 Two North Riverside Plaza 
 Suite 1300 

Chicago, Illinois 60606 
 Attention: President and CEO 
 If to you, to your last address
shown on the payroll records of the Company. 
 (g) Counterparts. This letter may be executed in
counterparts, each of which will constitute an original and all of which, taken together, will constitute one and the same instrument. 
  

 

			
	Very truly yours,
	
	 FREIGHTCAR AMERICA, INC.

 

		
	By:	 	 
	President and Chief Executive Officer
	
	  
 Accepted and agreed:

 
  

		
	 	 	 
	Kathleen M. Boege

  
 7 

 

 
  

 EXHIBIT A 
 STOCK OPTION AWARD AGREEMENT 
  
 [See following pages.] 

  
 8 

 

 
  

 EXHIBIT B 
 RESTRICTED SHARE AWARD AGREEMENT 
  
 [See following pages.] 

  
 9 

 

 
  

 EXHIBIT C 
 EXECUTIVE SEVERANCE PLAN 
  
 [See following pages.] 

  
 10The Cooper Companies, Inc. 2013 Incentive Payment Plan

 Exhibit 10.1 

 

	
	

	A Quality of Life
CompanyTM                                      
        

 2013 INCENTIVE PAYMENT PLAN 

FINAL 

January 3, 2013 

 THE COOPER COMPANIES, INC. 

2013 INCENTIVE PAYMENT PLAN 
 SECTION I - NAME 
 The name of this plan is the “2013 Incentive Payment Plan” (the
“Plan” or “IPP”). 
 SECTION II - SCOPE 
 This Plan sets out the IPP guidelines for the following Business Units of The Cooper Companies, Inc. and its subsidiaries (the “Company” or “TCC”): 

CooperVision (“CVI”) Consolidated 
 CooperSurgical (“CSI”) Consolidated 
 Corporate HQ 

Where the terms of this Plan differ from the terms of any Participant’s employment or severance contract, the terms of such contract will dictate.
No new such arrangements shall be entered into without the advance written approval of all of the following: The Company’s Chief Financial Officer (“CFO”), its Chief Executive Officer (“CEO”) and the Organization and
Compensation Committee of the Board of Directors (the “Committee”). 
 SECTION III - PURPOSE 

The purpose of the Plan is to provide incentives to officers and key employees of the Company who are in a position to contribute significantly to
increasing (1) Revenue, (2) Income, (3) Earnings Per Share (“EPS”) and (4) Cash Flow, as defined in the Plan. The Plan also includes a discretionary pool designed to allow for a subjective evaluation of each Business
Unit’s and/or Participant’s performance and for awards for achievement not otherwise adequately reflected in the awards tied to Revenue, Income, EPS or Cash Flow. 
 SECTION IV - COMPENSATION PHILOSOPHY 
 It is the Company’s philosophy that: 

 

	 	•	 	 The Company’s executive compensation programs are designed to attract, motivate and retain executive talent with the skills, experience,
motivation and commitment needed to optimize stockholder value in a competitive environment. 

  

	 	•	 	 The Company believes that employee performance and achievement will result in economic benefits and support the goal of increasing stockholder value in
the Company by achieving specific financial and strategic objectives. 

  

	 	•	 	 All employees be paid a base salary that is competitive with salaries paid by comparable organizations, based on each employee’s experience,
performance and geographical location. 

  

	 	•	 	 Employees whose efforts achieve the goals outlined in Section III - Purpose be provided with the opportunity to significantly increase their total
compensation, via this Plan and certain other benefit plans. 

 SECTION V - DEFINITIONS 

“Budget” or “Budgeted,” when used in conjunction with any measuring device under this Plan (e.g., Revenue Budget or Budgeted Revenue)
shall mean the approved 2013 Budget for each Participant’s Business Unit, adjusted where appropriate to reflect acquisitions and/or divestitures in accordance with “deal sheets” approved by, and in the sole discretion of, the Board of
Directors. 

 “Business Unit” shall mean any operating or headquarters unit so established by the Company. For
the 2013 Plan, the designated Business Units are set out in Section II - Scope, above. 
 “Cash Flow” shall mean the following:

 For all Business Units, Cash Flow is defined as cash provided by operating activities less purchases of property, plant and
equipment (i.e., free cash flow) in accordance with the policies and procedures of the Company and Accounting Principles Generally Accepted in the United States of America (“GAAP”). 

For ALL measurements of Cash Flow, the balance sheet increases and decreases detailed above shall be the result of comparing the fiscal
2013 year-end balance sheet to the final ACTUAL balance sheet as at the end of fiscal 2012. 
 “Earnings Per Share” or “EPS”
shall mean fully diluted earnings per share as computed in accordance with GAAP except for adjustments mutually agreed between Executive Management and the Board of Directors or Organization and Compensation Committee. 

“Eligible Individual” shall mean any person employed by the Company who is paid a salary or a fixed monthly amount, as distinguished from an
hourly wage. 
 “Executive Management” shall mean the CEO and the CFO for purposes of administering this Plan. 

“Executive Team” shall mean certain senior executives, including members of management covered by Rule 16(b) under the Securities and Exchange
Act of 1934, designated by the Committee as the key executive management of the Company, CVI and CSI. 
 “Income” shall mean the
operating income for each individual Business Unit in accordance with GAAP except for adjustments mutually agreed between Executive Management and the Board of Directors or Organization and Compensation Committee. 

“Participant” shall mean any Eligible Individual selected to have the opportunity to earn an award under the Plan in accordance with its terms.

 “Revenue” shall mean net revenue accounted for in accordance with GAAP, including freight costs reimbursed by customers but
adjusted for the use of budgeted currency rates. In general terms, net revenue is the result of deducting from total gross revenue any returns, discounts, rebates and any sales tax charged to customers. 

“Salary” shall mean the actual base salary paid to an Eligible Individual during the Year while a Participant in the Plan. No items of
supplemental compensation (prior year bonus, relocation or automobile allowances, special stipends, etc.) will be considered part of Salary. 

“Year” shall mean the fiscal year of the Company, which is November 1 through October 31. 

SECTION VI - ELIGIBILITY FOR PARTICIPATION 
 Participation in the Plan will be offered to those Eligible Individuals who, in the opinion of the Company, are in a position to significantly influence the Company’s Revenue, Income, EPS and/or Cash
Flow. Eligibility for participation shall be at the sole discretion of the Committee, which may delegate this authority to Executive Management for non Executive Team reporting levels. 
 SECTION VII - AWARD OPPORTUNITY 
 At the beginning of each Year, or as otherwise
appropriate, the Committee, which may delegate this authority to Executive Management for non Executive Team reporting levels, will classify each Participant into a category indicating his or her incentive opportunity for achievement of 100% of
established goals. The incentive opportunity will range from 10% to 100% of Salary and may be adjusted upward or downward from the previous Year’s level. 

 SECTION VIII - DETERMINATION OF INCENTIVE PAYMENT 

Each Participant’s incentive award opportunity will be based in part on the performance of the Business Unit of which Participant is a member and in
part based on a discretionary evaluation of his or her performance. In the event that any Participant, other than members of the Executive Team, works for more than one Business Unit over the course of the Year, Executive Management shall, in its
sole and absolute discretion, prorate IPP achievement; however, in no event shall any Participant receive a total IPP amount greater than the maximum amount that would have been payable had Participant been employed solely by the Business Unit which
receives the greatest IPP achievement. The total award opportunity for Business Units will be the sum of applicable assigned percentage weightings for Revenue, Income, EPS and Cash Flow (together, “Quantitative Criteria”) and
discretionary, as set out in Attachment I. At the discretion of Executive Management, the calculations for certain individual Participants’ quantitative incentive awards may be prorated between a Business Unit and Corporate Headquarters.

 Goals for earning an award payment will be based on the percentage of Budget achievement generated for each of the Quantitative Criteria.
Executive Management will provide the Committee a report on variances to the consolidated Budgets for Revenue, Income, EPS and Cash Flow, highlighting key variances including nonrecurring, noncontrollable and/or discretionary items. The Committee
may elect to include or exclude certain of these items for purposes of determining the overall Corporate HQ quantitative Budget achievement. Executive Management may exercise this same discretion in assessing the Budget achievement of each of the
Company’s other Business Units. The amount of discretionary payments reflects the qualitative assessment of each individual Participant’s performance, by his or her supervisor, senior management and/or Executive Management. Executive
Management will consult with the Committee before determining the overall level of achievement of each Business Unit’s discretionary criteria, the percentage achievements of which may vary from Participant to Participant. The level of
achievement of both the quantitative and discretionary components for each of the Executive Team shall be recommended by Executive Management to the Committee. The determination of the amounts of said components for each Executive Team will be made
by the Committee. 
 Each Quantitative Criteria will be measured separately for achievement of Budget. The matrix below indicates the level of
IPP achievement that coincides with a given Budget achievement. The two primary or larger Quantitative Criteria, which may be two of three if there are three primary, must achieve at least 95% IPP percentage achievement before the total IPP payment
associated with Quantitative Criteria can exceed 100%. The IPP achievement of the discretionary portion may also range from 0% to a percentage deemed appropriate by Executive Management and, in the case of the Executive Team, determined by the
Committee after receipt of recommendations from Executive Management. 
  

					
	 If Revenue is
	 	 If EPS, Free Cash Flow or

Income Achievement is (2) (4)
	 	 IPP Achievement is (1)(3)

	Less than 90%	 	Less than 85%	 	0%
	94%	 	88%	 	59.8%
	96%	 	92%	 	73.2%
	98%	 	96%	 	86.6%
	100%	 	100%	 	100.0%
	105%	 	110%	 	150.0%
	110% or more	 	120% or more	 	200.0% Maximum(2)

  

	(1)	This is of the level indicated as the “incentive opportunity” in Section VII. 

	(2)	Executive Management and/or the Committee reserves the right to adjust indicated levels for quantitative criteria where target figures are so small as to invite
anomalous results. 

	(3)	The Committee in its discretion may reduce the bonus that otherwise would be payable based on satisfaction of the foregoing quantitative goals to take into account such
qualitative factors as it may determine; provided, however, the Committee may not reduce such bonus by more than 25%. 

	(4)	Non GAAP EPS will be considered where circumstances warrant and are approved by the Board of Directors or Organization & Compensation Committee.

 Specific examples of the award determination process are included as Attachment III. 

 SECTION IX - FORM OF PAYMENT 
 Payments under this Plan may be made in the form of a combination of cash and common stock of the Company. The percentage mix of the payment will be at the sole discretion of the Board of Directors of the
Company, subject to the limitation that the stock portion of the payment will not exceed 50% of the total. Such determination will be made at the time the Board approves payments to be made under the Plan. Unless recommended otherwise by the
Committee to the Board of Directors, any common stock portion of the payment will be made in shares of restricted stock bearing a restriction of up to 30 days, at no cost to the Participant other than required payments for taxes. The Committee may
elect to pay the CEO, for achievement above 75%, in restricted stock or restricted stock units with up to three-year cliff vesting. 

SECTION X - TIMING OF AWARD PAYMENTS 

Incentive award payments for each Participant will be made net of all required withholdings and will be calculated and accrued in the appropriate Business
Unit’s books from time to time during the Year based on projected results for Quantitative Criteria and a reasonable estimate of the discretionary percentage. The indicated payment for Quantitative Criteria plus a reasonable estimate of
discretionary must be accrued for as at the end of each Year. No IPP payments for Quantitative Criteria in excess of the accrual balance will be made. Such accruals will be calculated based upon each Business Unit’s performance against Budget
for the Year then ended as discussed above and illustrated in the attached examples. No payments will be made to any Participant until Executive Management has had an opportunity to review the results of the first two months of the subsequent Year.
To the extent that such first two months results reflect negative anomalies that are determined by Executive Management to relate back to the previous Year, award payments for such Year may be delayed by Executive Management and, subject to approval
by the Committee, may be decreased or canceled. The target date to release payments, therefore, will be January 31, 2014, subject to acceleration or delay by Executive Management, in its sole and absolute discretion. 

SECTION XI - TERMINATION OF EMPLOYMENT 

Except where required pursuant to a previously existing employment agreement (or extenuating circumstances, which will be handled on an ad hoc basis by
Executive Management), any Participant whose employment is terminated by the Company prior to the end of the Year, or by the Participant prior to the payment for such Year for any reason other than death or retirement or disability consistent with
the Company’s then current provisions for retirement and/or disability, will forfeit any opportunity to receive an award under the Plan for that Year. 
 In the case of a Participant’s retirement, disability or death, such Participant (or designated heir in the event of the Participant’s death) may, at the discretion of Executive Management, be
eligible to receive a pro rata payment under the Plan for the period prior to cessation of active full-time employment. Pro rata payments will be made concurrently with other payments under the Plan. 

SECTION XII - NEW HIRES AND PROMOTIONS 

Individuals hired or promoted during the Year may become Participants in the Plan subject to the approval of Executive Management. Partial Year
Participants may be eligible to earn a pro rata award. Separate pro rata calculations will be made for any Participant who is promoted to a higher incentive opportunity during the Year. 
 SECTION XIII - GENERAL PROVISIONS 
  

	(1)	Each Participant shall treat as personal and strictly confidential any and all information related to Participant’s inclusion in the Plan.

	(2)	The expenses of administering the Plan shall be borne by the Company. 

	(3)	No employee has any right or claim to be a Participant in the Plan or to receive a payment under the Plan. 

	(4)	Participation in the Plan does not provide any employee the right to be retained in the employment of the Company. 

	(5)	A Participant may not assign or transfer any rights under the Plan. Any attempt to do so will invalidate those rights. 

	(6)	The Plan shall be subject to all applicable federal and state laws and regulations. Payments made under the Plan shall only be made to the extent permitted by such laws
and regulations, subject to all applicable taxes. 

 SECTION XIV - AMENDMENT OR TERMINATION 
 The Plan may be amended or terminated at any time by action of the Board of Directors of the Company. 
 SECTION XV - ADMINISTRATION AND INTERPRETATION 
 Executive Management shall be responsible,
in its sole discretion, for administration of the Plan, and the Committee shall be responsible for interpretation of this Plan. Such interpretations shall be final. 
  

					
	Attachments:	 	I Weighting Factors
		 	II List of Participants and Levels of Participation
		 	III Example of Award Determination – by Operating Unit (redacted)
			
	Budgets:	 	2013 Budgets   –	 	Previously provided in the 2013 Budget Presentation approved by the BOD, and that Cash Flow will be revised to launch off a certified 10/31/12 balance sheet except
for subsequent changes for acquisitions or divestitures or any other changes approved by the Committee. For fiscal 2013, the AIME budget and actual will be excluded for IPP quantitative measurement purposes.
		 		 

 2013 IPP Plan 
 ATTACHMENT I 
 WEIGHTING FACTORS 

— Weighting Percentages of IPP Entitlement Factors — 

 

																	
	 	  	Revenue	  	Income	 	EPS	  	Cash Flow	  	Quantitative	  	Discretionary	  	Total	 
	 All CVI Units
	  	25	  	30	 	10	  	10	  	75	  	25	  	 	100	  
	 All CSI Units
	  	25	  	30	 	10	  	10	  	75	  	25	  	 	100	  
	 Corporate HQ
	  	25	  	10*	 	30	  	10	  	75	  	25	  	 	100	  

 Two top financial metrics in the Quantitative Criteria, which may be two of three if there are three primary, must
achieve at least 95% of IPP percentage achievement before the total IPP payment associated with the Quantitative Criteria can exceed 100%. 
  

	*	Weighting 50% CVI and 50% CSI 

 2013 IPP PLAN 
 ATTACHMENT II 
 LIST OF PARTICIPANTS AND LEVELS OF PARTICIPATION

  

					
	 NAME
	  	 TITLE
	  	 FY 2013
 IPP

ELIGIBILITY %

	 Robert S. Weiss
	  	President & Chief Executive Officer	  	100%
	Carol R. Kaufman	  	Executive Vice President, Secretary & Chief Administrative Officer	  	60%
	Greg W. Matz	  	Vice President & Chief Financial Officer	  	55%
	Eugene J. Midlock	  	Vice President Tax	  	45%
	John A. Weber	  	President, CooperVision, Inc.	  	60%
	Nicholas J. Pichotta	  	Chief Executive Officer, Cooper Medical Device Corp.	  	45%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]