Document:

Exhibit 10al-2

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      Exhibit
        10al-2

      

      ROGERS
        CORPORATION

      2005
        EQUITY COMPENSATION PLAN

       

      NON-QUALIFIED
        STOCK OPTION AGREEMENT

      (For
        Officers and Employees)

       

       

                Pursuant
        to the Rogers Corporation 2005 Equity Compensation Plan (the "Plan"), Rogers
        Corporation (the "Company") hereby grants to _____________________ (the
        "Optionee"), a non-qualified stock option (the "Stock Option") to purchase
        a
        maximum of _______ shares of capital stock of the Company (the "Capital Stock")
        at the price of $________ per share, subject to the terms of this Agreement.
        The
        Stock Option is granted as of ______________________ (the "Grant
        Date").

       

      
        	
                          1.          Timing
                  of Exercise.
                  This Stock Option shall be immediately exercisable in full as of
                  the Grant
                  Date. This Stock Option shall remain exercisable until it expires
                  on the
                  tenth anniversary of the Grant Date, unless the Stock Option is
                  sooner
                  terminated as provided herein.

              
	
                 

              
	
                          2.          Sale
                  of Issued Shares.
                  In the event that the Optionee exercises the Stock Option prior
                  to the
                  fourth anniversary of the Grant Date, except as provided in Section
                  5
                  below, the shares of Capital Stock acquired upon such exercise
                  (the
                  "Issued Shares") may not be sold, assigned, transferred (including
                  any
                  transfer to the Company in payment of the option price or withholding
                  taxes of any stock option), pledged, given away or in any other
                  manner
                  disposed of or encumbered, by the Optionee until the earliest to
                  occur of:
                  (a) the termination of the Optionee's employment with the Company
                  and its
                  Subsidiaries by reason of Retirement (as defined in the Plan);
                  (b) the
                  termination of the Optionee's employment with the Company and its
                  Subsidiaries by reason of death; (c) the termination of the Optionee's
                  employment with the Company and its Subsidiaries by reason of Disability
                  (as defined in the Plan); (d) the involuntary termination of the
                  Optionee's employment with the Company and its Subsidiaries by
                  the Company
                  and/or its Subsidiaries for any reason; (e) a Sale Event Determination
                  Date (as defined in Section 7 below); and (f) the fourth anniversary
                  of
                  the Grant Date (the earliest of such dates or events, the "Restriction
                  Termination Date"). In order to effectuate the foregoing, upon
                  the
                  exercise of the Stock Option prior to the Restriction Termination
                  Date and
                  until the Restriction Termination Date, the Issued Shares shall,
                  at the
                  discretion of the Company, either be retained by the Company and/or
                  shall
                  bear a legend describing the restrictions on the sale of the Issued
                  Shares
                  as described herein.

              
	
                 

              
	
                          3.          Termination
                  of Stock Option.
                  If the Optionee's employment by the Company and its Subsidiaries
                  terminates for any reason, other than death, Disability, or Retirement
                  (as
                  defined in the Plan and described below), the Stock Option may
                  thereafter
                  be exercised for a period of three months from the date of termination
                  of
                  employment or the tenth anniversary of the Grant Date, if
                  earlier.

              
	
                 

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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                          (a)          Termination
                  by Reason of Death.
                  If the Optionee's employment by the Company and its Subsidiaries
                  terminates by reason of death, the Stock Option may thereafter
                  be
                  exercised by the Optionee's beneficiary for a period of five years
                  from
                  the date of death or until the tenth anniversary of the Grant Date,
                  if
                  earlier.

              
	
                 

              	
                 

              
	
                 

              	
                          (b)          Termination
                  by Reason of Disability or Retirement.
                  If the Optionee's employment by the Company and its Subsidiaries
                  terminates by reason of Disability (as defined in the Plan), the
                  Stock
                  Option may thereafter be exercised for a period of five years from
                  the
                  date of such termination of employment or until the tenth anniversary
                  of
                  the Grant Date, if earlier. If the Optionee's employment by the
                  Company
                  and its Subsidiaries terminates by reason of Retirement (as defined
                  in the
                  Plan), the Stock Option may thereafter be exercised for a period
                  of five
                  years from the date of such termination of employment or until
                  the tenth
                  anniversary of the Grant Date, if earlier.

              
	
                 

              	
                 

              

      

       

      
        	
                          4.          Manner
                  of Exercise.
                  This Stock Option may be exercised in whole or in part by giving
                  written
                  or electronic notice of exercise to the Company or the Company's
                  designee
                  designated to accept such notices specifying the number of shares
                  to be
                  purchased. Payment of the purchase price may be made by one or
                  more of the
                  following methods:

              
	
                 

              

      

       

      
        	
                 

              	
                          (a)          In
                  cash, by check, or by other instrument acceptable to the
                  Company;

              
	
                 

              	
                 

              
	
                 

              	
                          (b)          In
                  Capital Stock (either actually or by attestation) valued at its
                  Fair
                  Market Value (as defined in the Plan) as of the date of exercise;
                  or

              
	
                 

              	
                 

              
	
                 

              	
                          (b)          By
                  a combination of (a) and (b).

              
	
                 

              	
                 

              

      

       

      
        	
                          The
                  Optionee may also deliver to the Company or the Company's designee
                  a
                  properly executed exercise notice together with irrevocable instructions
                  to a broker to promptly deliver to the Company cash, a check or
                  other
                  instrument acceptable to the Company to pay the purchase price;
                  provided
                  that the Optionee and the broker shall comply with such procedures
                  and
                  enter into such agreements of indemnity and other agreements as
                  the
                  Company shall prescribe as a condition of such payment. Payment
                  instructions will be received subject to collection.

              
	
                 

              
	
                          Ownership
                  of shares of Capital Stock to be purchased pursuant to the exercise
                  of the
                  Stock Option will be contingent upon receipt by the Company of
                  the full
                  purchase price for such shares and the fulfillment of any other
                  requirements contained in the Plan, this Agreement and applicable
                  provisions of law. In the event the Optionee chooses to pay the
                  purchase
                  price by previously owned shares of Capital Stock through the attestation
                  method, only the net amount of shares shall be issued.

              
	
                 

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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                          5.          Stock
                  Option Transferable in Limited Circumstances.
                  This Stock Option, and, prior to the Restriction Termination Date,
                  the
                  Issued Shares, may be transferred to a family member, trust or
                  charitable
                  organization to the extent permitted by applicable law; provided
                  that the
                  transferee agrees in writing with the Company to be bound by the
                  terms of
                  this Agreement and the Plan. Except as permitted in the preceding
                  sentence, the Stock Option, and, prior to the Restriction Termination
                  Date, the Issued Shares, are not transferable otherwise than by
                  will or by
                  the laws of descent and distribution, and this Stock Option shall
                  be
                  exercisable during the Optionee's lifetime only by the
                  Optionee.

              
	
                 

              
	
                          6.          Stock
                  Option Shares.
                  The shares to be issued under the Plan are shares of the Capital
                  Stock of
                  the Company as constituted as of the date of this Agreement, subject
                  to
                  adjustment as provided in Section 3(b) of the Plan.

              
	
                 

              
	
                          7.          Sale
                  Event.
                  Upon a determination by the Company that an event has occurred
                  that will
                  or is likely to result in a Sale Event (as defined in the Plan),
                  the
                  restrictions on the sale of the Issued Shares described in Section
                  2 above
                  shall cease immediately (or as of the date which is 180 days preceding
                  such Sale Event, if later than such determination) (such date,
                  the "Sale
                  Event Determination Date"). The occurrence of a Sale Event shall
                  cause
                  this Stock Option to terminate, to the extent not then exercised,
                  unless
                  any surviving entity agrees to assume this Stock
                  Option.

              
	
                 

              
	
                          8.          Rights
                  as a Shareholder.
                  The Optionee shall have the rights of a shareholder only as to
                  shares of
                  Capital Stock acquired upon exercise of the Stock Option and not
                  as to any
                  shares of Capital Stock covered by unexercised Stock Options. Except
                  as
                  otherwise expressly provided in the Plan, no adjustment shall be
                  made for
                  dividends or other rights for which the record date is prior to
                  the date
                  such shares are acquired.

              
	
                 

              
	
                          9.          Tax
                  Withholding.
                  The Optionee hereby agrees that the exercise of this Stock Option
                  or any
                  installment thereof will not be effective, and no shares will become
                  transferable to the Optionee, until the Optionee makes appropriate
                  arrangements with the Company for such income and employment tax
                  withholding as may be required of the Company under applicable
                  United
                  States federal, state or local law on account of such exercise.
                  The
                  Optionee may satisfy the obligation(s), in whole or in part, by
                  electing
                  (i) to make a payment to the Company in cash, by check or by other
                  instrument acceptable to the Company, (ii) subject to the general
                  or
                  specific approval of the Compensation and Organization Committee
                  of the
                  Board of Directors of the Company (the "Committee"), to deliver
                  to the
                  Company a number of already-owned shares of Capital Stock having
                  a value
                  not greater than the amount required to be withheld (such number
                  may be
                  rounded up to the next whole share), or (iii) by any combination
                  of (i)
                  and (ii) and/or the procedures described in the following sentence.
                  The
                  Committee may also permit, in its sole discretion and in accordance
                  with
                  such procedures as it deems appropriate, the Optionee to have the
                  Company
                  withhold a number of shares which would otherwise be issued pursuant
                  to
                  this Stock Option having a value not greater than the amount required
                  to
                  be withheld (such number may be rounded up to the next whole share).
                  The
                  value of shares to be withheld or delivered (if permitted by the
                  Committee) shall be based on the Fair Market Value of a share of
                  Capital
                  Stock as of the date the amount of tax to be withheld is to be
                  determined.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

    

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                          10.          Tax
                  Status.
                  The Stock Option is not intended to qualify as an incentive stock
                  option
                  under Section 422 of the Internal Revenue Code of 1986, as
                  amended.

              
	
                 

              
	
                          11.          The
                  Plan.
                  The Stock Option is subject in all respects to the terms, conditions,
                  limitations and definitions contained in the Plan. In the event
                  of any
                  discrepancy or inconsistency between this Agreement and the Plan,
                  the
                  terms and conditions of the Plan shall control. Capitalized terms
                  in this
                  Agreement shall have the meaning specified in the Plan, unless
                  a different
                  meaning is specified herein.

              
	
                 

              
	
                          12.          No
                  Obligation to Exercise Stock Option.
                  The grant and acceptance of the Stock Option imposes no obligation
                  on the
                  Optionee to exercise it.

              
	
                 

              
	
                          13.          No
                  Obligation to Continue Employment.
                  Neither the Company nor any Subsidiary is obligated by or as a
                  result of
                  the Plan or this Agreement to continue the Optionee in
                  employment.

              
	
                 

              
	
                          14.          Notices.
                  Notices hereunder shall be mailed or delivered to the Company at
                  its
                  principal place of business and shall be mailed or delivered to
                  the
                  Optionee at the address on file with the Company or, in either
                  case, at
                  such other address as one party may subsequently furnish to the
                  other
                  party in writing.

              
	
                 

              
	
                          15.          Purchase
                  Only for Investment.
                  To insure the Company's compliance with the Securities Act of 1933,
                  as
                  amended, the Optionee agrees for himself or herself, the Optionee's
                  legal
                  representatives and estate, or other persons who acquire the right
                  to
                  exercise the Stock Option upon his or her death, that shares will
                  be
                  purchased in the exercise of the Stock Option for investment purposes
                  only
                  and not with a view to their distribution, as that term is used
                  in the
                  Securities Act of 1933, as amended, unless in the opinion of counsel
                  to
                  the Company such distribution is in compliance with or exempt from
                  the
                  registration and prospectus requirements of that Act.

              
	
                 

              
	
                          16.          Governing
                  Law.
                  This Agreement and the Stock Option shall be governed by the laws
                  of the
                  Commonwealth of Massachusetts, United States of
                  America.

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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                            17.          
                    Beneficiary
                    Designation.
                    The
                    Optionee may designate beneficiary(ies) to whom shall be transferred
                    any
                    rights under the Stock Option which survive the Optionee’s death. To
                    obtain the beneficiary designation form, please go to the "Options
                    and
                    Equity Awards" section of the Schwab Equity Award Center website
                    (http://equityawardcenter.schwab.com/)
                    after completing the login procedure and click on the "Review
                    message"
                    from your "employer" and then click on the "Equity Awards Beneficiary
                    Designation Form". Alternatively, you may request this beneficiary
                    designation form by sending an e-mail to equityawardsadmin@rogerscorporation.com
                    or
                    calling the Office of the Corporate Secretary of Rogers Corporation
                    at
                    800-227-6437 ext. 5566. 

                   

                  In
                    the absence of an effective beneficiary designation, the Optionee
                    acknowledges that any rights under the Stock Option which survive
                    the
                    Optionee’s death shall be rights of his or her estate.

                   

                  By:
                    Rogers Corporation

                   

                  By
                    clicking Accept below I hereby acknowledge receipt of the foregoing
                    Stock
                    Option and agree to its terms and
                    conditions:Exhibit 10am-1

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      Exhibit
        10am-1

       

      ROGERS
        CORPORATION

      2005
        EQUITY COMPENSATION PLAN

       

      NON-QUALIFIED
        STOCK OPTION AGREEMENT

      (For
        Non-Employee Directors)

       

       

      Pursuant
        to the Rogers Corporation 2005 Equity Compensation Plan (the "Plan"), Rogers
        Corporation (the "Company") hereby grants to   ______________ (the
        "Optionee"), a non-qualified stock option (the "Stock Option") to purchase
        a
        maximum of  __________ shares of capital stock of the Company (the
        "Capital Stock") at the price of $ _______________ per share, subject to
        the terms of this Agreement.  The Stock Option is granted as of
  ________________ (the "Grant Date").

       

      1.                 
        Timing
        of Exercise. 
        This Stock Option shall be fully exercisable upon the Grant Date.  This
        Stock Option shall remain exercisable until it expires on the tenth anniversary
        of the Grant Date, regardless of whether the Optionee continues to be a director
        of the Company, unless the Stock Option is sooner terminated as provided
        in
        Section 5 below.  In the event of the Optionee’s death, this Stock Option
        may thereafter be exercised by the Optionee’s beneficiary pursuant to the terms
        of this Agreement.

       

      2.                 
        Manner
        of Exercise. 
        This Stock Option may be exercised in whole or in part by giving written
        or
        electronic notice of exercise to the Company or the Company’s designee
        designated to accept such notices specifying the number of shares to be
        purchased.  Payment of the purchase price may be made by one or more of the
        following methods:

       

      (a)               
        In cash, by check, or by other instrument acceptable to the
        Company;

       

      (b)              
        In Capital Stock (either actually or by attestation) valued at its Fair Market
        Value (as defined in the Plan) as of the date of exercise; or

       

      (c)               
        By a combination of (a) and (b).

       

      The
        Optionee may also deliver to the Company or the Company’s designee a properly
        executed exercise notice together with irrevocable instructions to a broker
        to
        promptly deliver to the Company cash, a check or other instrument acceptable
        to
        the Company to pay the purchase price; provided that the Optionee and the
        broker
        shall comply with such procedures and enter into such agreements of indemnity
        and other agreements as the Company shall prescribe as a condition of such
        payment.  Payment instructions will be received subject to collection.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      Ownership
        of shares of Capital Stock to be purchased pursuant to the exercise of the
        Stock
        Option will be contingent upon receipt by the Company of the full purchase
        price
        for such shares and the fulfillment of any other requirements contained in
        the
        Plan, this Agreement and applicable provisions of law.  In the event the
        Optionee chooses to pay the purchase price by previously-owned shares of
        Capital
        Stock through the attestation method, only the net amount of shares shall
        be
        issued.

       

      3.                 
        Stock
        Option Transferable in Limited Circumstances. 
        This Stock Option may be transferred to a family member, trust or charitable
        organization to the extent permitted by applicable law; provided that the
        transferee agrees in writing with the Company to be bound by the terms of
        this
        Agreement and the Plan.  Except as permitted in the preceding sentence, the
        Stock Option is not transferable otherwise than by will or by the laws of
        descent and distribution, and this Stock Option shall be exercisable during
        the
        Optionee’s lifetime only by the Optionee.

       

      4.                 
        Stock
        Option Shares. 
        The shares to be issued under the Plan are shares of the Capital Stock of
        the
        Company as constituted as of the date of this Agreement, subject to adjustment
        as provided in Section 3(b) of the Plan.

       

      5.                 
        Sale
        Event. 
        The occurrence of a Sale Event (as defined in the Plan) shall cause this
        Stock
        Option to terminate, to the extent not then exercised, unless any surviving
        entity agrees to assume this Stock Option.

       

      6.                 
        Rights
        as a Shareholder. 
        The Optionee shall have the rights of a shareholder only as to shares of
        Capital
        Stock acquired upon exercise of the Stock Option and not as to any shares
        of
        Capital Stock covered by unexercised Stock Options.  Except as otherwise
        expressly provided in the Plan, no adjustment shall be made for dividends
        or
        other rights for which the record date is prior to the date such shares are
        acquired.

       

      7.                 
        Tax
        Status. 
        The Stock Option is not intended to qualify as an incentive stock option
        under
        Section 422 of the Internal Revenue Code of 1986, as amended.

       

      8.                 
        The
        Plan. 
        The Stock Option is subject in all respects to the terms, conditions,
        limitations and definitions contained in the Plan.  In the event of any
        discrepancy or inconsistency between this Agreement and the Plan, the terms
        and
        conditions of the Plan shall control.  Capitalized terms in this Agreement
        shall have the meaning specified in the Plan, unless a different meaning
        is
        specified herein.

       

      9.                 
        No
        Obligation to Exercise Stock Option. 
        The grant and acceptance of the Stock Option imposes no obligation on the
        Optionee to exercise it.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      10.             
        Notices. 
        Notices hereunder shall be mailed or delivered to the Company at its principal
        place of business and shall be mailed or delivered to the Optionee at the
        address on file with the Company or, in either case, at such other address
        as
        one party may subsequently furnish to the other party in writing.

       

      11.             
        Purchase
        Only for Investment. 
To
        insure the Company’s compliance with the Securities Act of 1933, as amended, the
        Optionee agrees for himself or herself, the Optionee’s legal representatives and
        estate, or other persons who acquire the right to exercise the Stock Option
        upon
        his or her death, that shares will be purchased in the exercise of the Stock
        Option for investment purposes only and not with a view to their distribution,
        as that term is used in the Securities Act of 1933, as amended, unless in
        the
        opinion of counsel to the Company such distribution is in compliance with
        or
        exempt from the registration and prospectus requirements of that
        Act.

       

      12.             
        Governing
        Law. 
        This Agreement and the Stock Option shall be governed by the laws of the
        Commonwealth of Massachusetts, United States of America.

       

      13.             
        Beneficiary
        Designation. 
        The Optionee may designate beneficiary(ies) to whom shall be transferred
        any
        rights under the Stock Option which survive the Optionee’s death.  To
        obtain the beneficiary designation form, please go to the "Options and Equity
        Awards" section of the website ( http://equityawardcenter.schwab.com)
        and
        click on the "Review message" from your "employer" and then click on the
        "Equity
        Awards Beneficiary Designation Form".  Alternatively, you may request this
        beneficiary designation form by sending an e-mail to equityawardsadmin@rogerscorporation.com
        or
        calling the Office of the Corporate Secretary of Rogers Corporation at
        800-227-6437 ext. 5566.

       

      In
        the
        absence of an effective beneficiary designation, the Optionee acknowledges
        that
        any rights under the Stock Option which survive the Optionee’s death shall be
        rights of his or her estate.

       

      By: 
        Rogers
        Corporation

       

      By
        clicking Accept below I hereby acknowledge receipt of the foregoing Stock
        Option
        and agree to its terms and conditions:

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