Document:

EX-10.1

Exhibit 10.1

MATERION CORPORATION

SUPPLEMENTAL RETIREMENT BENEFIT PLAN

The Materion Corporation Supplemental Retirement Benefit Plan, an unfunded, nonqualified
deferred compensation plan, adopted September 13, 2011, is set forth below.

1. Purpose. The purpose of the Supplemental Retirement Benefit Plan is to provide
benefits for a select group of management or highly compensated employees to supplement the pension
benefits paid from the Pension Plan.

2. Definitions. The following definitions are used throughout the Plan:

(a) “Administrative Committee” means the Administrative Committee appointed by the Board for
purposes of administering benefit plans of the Corporation.

(b) “Board” means the Board of Directors of the Corporation.

(c) “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to
time.

(d) “Committee” means the Compensation Committee of the Board.

(e) “Corporation” means Materion Corporation, an Ohio corporation.

(f) “Offset Amount” means the amount applicable to a Participant as shown on Schedule I.

(g) “Participant” means a participant in the Pension Plan who is listed on Schedule I and who
has executed a Participation Agreement in the form attached as Schedule II. The term “Participant”
shall include the beneficiary of a deceased Participant.

(h) “Pension Plan” means the Materion Corporation Pension Plan sponsored by the Corporation,
which is a defined benefit plan intended to qualify under Section 401(a) of the Code.

(i) “Plan” or “Supplemental Retirement Benefit Plan” means the Materion Corporation
Supplemental Retirement Benefit Plan set forth herein, as amended from time to time.

(j) “Prevented Benefits” means the difference between (i) the regular pension benefits payable
to a Participant under the Pension Plan beginning at his Normal Retirement Date thereunder as
determined under the regular pension formula of Schedule A of the Pension Plan and (ii) the regular
pension benefits that would be so payable to the Participant under the Pension Plan if such
benefits were determined:

(A) including in compensation any compensation that was deferred on an elective basis
under any non-qualified deferred compensation plan or agreement with an Employer;

(B) without regard to the limitation on compensation imposed by Code Section
401(a)(17);

(C) without regard to the limitation on benefits imposed by Code Section 415; and

(D) taking into account any special calculation provisions for a Participant set forth
on Schedule I.

3. Eligibility. A Participant shall be eligible to receive a benefit in an amount
determined under Section 4, subject to the terms and conditions of the Plan.

4. Pension Plan Supplemental Benefit. A Participant’s benefit under the Plan shall be
the amount of the Participant’s Prevented Benefits, expressed in the form of a single sum which is
actuarially equivalent to the Prevented Benefits determined using the Pension Plan’s definition of
Actuarial Equivalence for the purpose of calculating lump sum actuarial equivalence, reduced by the
Participant’s Offset Amount.

5. Vesting. Subject to the rights of general creditors as set forth in Section 8, the
detrimental activity provisions of Section 11, and the provisions of and the right of the
Corporation to discontinue the Plan as provided in Section 13(c), a Participant shall have a vested
and nonforfeitable interest in benefits payable under Section 4 to the same extent and in the same
manner as benefits are vested under the Pension Plan.

6. Benefit Payment Date. The amount of the benefit payable to a Participant under
Section 4 shall be calculated as of his “calculation date” which is the first day of the month next
following the date of his separation from service (within the meaning of Section 409A of the Code,
meaning that a Participant whose level of bona fide services is permanently decreased to no more
than 20 percent of the average level of bona fide services performed over the preceding 36-month
period shall incur a separation from service for purposes of the Plan). A Participant’s benefit
shall be paid on or about the first day of the third month next following the date of his
separation from service (within the meaning of Section 409A of the Code, as further described
above). Notwithstanding the foregoing, in the case of a Participant who is determined by the
Corporation to be a “specified employee” within the meaning of Section 409A of the Code and
applicable Treasury regulations, payment shall not in any event be made to the Participant until
the first business day of the month which is at least six months after the date of his separation
from service. In any event, no interest shall be credited with respect to such payment after the
Participant’s calculation date.

7. Form of Benefit.

(a) The benefit payable under Section 4 shall be paid to the Participant in a single sum
payment.

(b) If the Participant has a vested interest under the Plan and dies prior to payment of any
benefit under the Plan, the Company will pay a benefit equal to the amount otherwise payable to the
Participant to the Participant’s surviving spouse in the form of a single sum on or about the first
day of the third month next following the date of his separation from service (including by reason
of death). Notwithstanding the foregoing, a Participant may elect a beneficiary other than the
Participant’s spouse to receive payment of such benefit, and no spousal consent shall be required.

8. Funding of Benefits.

(a) The Plan shall be unfunded. All benefits payable under the Plan shall be paid from the
Corporation’s general assets, and nothing contained in the Plan shall require the Corporation to
set aside or hold in trust any funds for the benefit of a Participant, who shall have the status of
a general unsecured creditor with respect to the Corporation’s obligation to make payments under
the Plan. Any funds of the Corporation available to pay benefits under the Plan shall be subject
to the claims of general creditors of the Corporation and may be used for any purpose by the
Corporation.

(b) Notwithstanding the provisions of Section 8 (a), the Corporation may transfer to the
trustee of one or more irrevocable domestic trusts established in the United States for the benefit
of one or more Participants assets from which all or a portion of the benefits provided under the
Plan will be satisfied, provided that such assets held in trust shall at all times be subject to
the claims of general unsecured creditors of the Corporation and that no Participant shall at any
time have a prior claim to such assets.

9. Administration of the Plan. The Administrative Committee shall administer the Plan
and shall keep a written record of its action and proceedings regarding the Plan and all dates,
records and documents relating to its administration of the Plan. The Administrative Committee is
authorized to interpret the Plan, to make, amend and rescind such rules as it deems necessary for
the proper administration of the Plan, to make all other determinations necessary or advisable for
the administration of the Plan and to correct any defect or supply any omission or reconcile any
inconsistency in the Plan in the manner and to the extent that the Administrative Committee deems
desirable to carry the Plan into effect. The powers and duties of the Administrative Committee
shall include, without limitation, the following:

(a) Determining the amount of benefits payable to Participants and authorizing and directing
the Corporation with respect to the payment of benefits under the Plan;

(b) Construing and interpreting the Plan whenever necessary to carry out its intention and
purpose and making and publishing such rules for the regulation of the Plan as are not inconsistent
with the terms of the Plan; and

(c) Compiling and maintaining all records it determines to be necessary, appropriate or
convenient in connection with the administration of the Plan.

10. Claims Procedure.

(a) If a Participant (hereinafter referred to as the “Applicant”) does not receive the timely
payment of the benefits which the Applicant believes are due under the Plan, the Applicant may make
a claim for benefits in the manner hereinafter provided.

All claims for benefits under the Plan shall be made in writing and shall be signed by the
Applicant. Claims shall be submitted to a representative designated by the Administrative
Committee and hereinafter referred to as the “Claims Coordinator.” If the Applicant does not
furnish sufficient information with the claim for the Claims Coordinator to determine the validity
of the claim, the Claims Coordinator shall indicate to the Applicant any additional information
which is necessary for the Claims Coordinator to determine the validity of the claim.

Each claim hereunder shall be acted on and approved or disapproved by the Claims Coordinator
within 30 days following the receipt by the Claims Coordinator of the information necessary to
process the claim.

In the event the Claims Coordinator denies a claim for benefits in whole or in part, the
Claims Coordinator shall notify the Applicant in writing of the denial of the claim and notify the
Applicant of his right to a review of the Claims Coordinator’s decision by the Administrative
Committee. Such notice by the Claims Coordinator shall also set forth, in a manner calculated to
be understood by the Applicant, the specific reason for such denial, the specific provisions of the
Plan on which the denial is based, a description of any additional material or information
necessary to perfect the claim with an explanation of the Plan’s appeals procedure as set forth in
this Section.

If no action is taken by the Claims Coordinator on an Applicant’s claim within 30 days after
receipt by the Claims Coordinator, such claim shall be deemed to be denied for purposes of the
following appeals procedure.

(b) Any Applicant whose claim for benefits is denied in whole or in part may appeal for a
review of the decision by the Administrative Committee. Such appeal must be made within three
months after the Applicant has received actual or constructive notice of the denial as provided
above. An appeal must be submitted in writing within such period and must:

(i) request a review by the Administrative Committee of the claim for benefits under
the Plan;

(ii) set forth all of the grounds upon which the Applicant’s request for review is
based on any facts in support thereof; and

(iii) set forth any issues or comments which the Applicant deems pertinent to the
appeal.

The Administrative Committee shall regularly review appeals by Applicants. The Administrative
Committee shall act upon each appeal within 30 days after receipt thereof unless special
circumstances require an extension of the time for processing, in which case a decision shall be
rendered by the Administrative Committee as soon as possible but not later than 60 days after the
appeal is received by the Administrative Committee.

The Administrative Committee shall make a full and fair review of each appeal and any written
materials submitted by the Applicant in connection therewith. The Administrative Committee may
require the Applicant to submit such additional facts, documents or other evidence as the
Administrative Committee in its discretion deems necessary or advisable in making its review. The
Applicant shall be given the opportunity to review pertinent documents or materials upon submission
of a written request to the Administrative Committee, provided the Administrative Committee finds
the requested documents or materials are pertinent to the appeal.

On the basis of its review, the Administrative Committee shall make an independent
determination of the Applicant’s eligibility for benefits under the Plan.

In the event the Administrative Committee denies an appeal in whole or in part, the
Administrative Committee shall give written notice of the decision to the Applicant, which notice
shall set forth, in a manner calculated to be understood by the Applicant, the specific reasons for
such denial and which shall make specific reference to the pertinent provisions of the Plan on
which the Administrative Committee’s decision is based.

11. Effect of Detrimental Activity. Notwithstanding anything herein to the contrary,
if a Participant, either during employment by the Corporation or an affiliate of the Corporation or
within one year after termination of such employment, shall engage in any Detrimental Activity, (as
defined in Section 12) and the Board shall so find, the Participant shall:

(a) Forfeit all Plan benefits.

(b) Return to the Corporation all Plan benefits that were paid pursuant to the Plan.

To the extent that the amounts referred to above in Section 11(b) are not paid to the
Corporation, the Corporation may set off the amounts so payable to it against any amounts that may
be owing from time to time by the Corporation or an affiliate of the Corporation to the
Participant, whether as wages, deferred compensation or vacation pay or in the form of any other
benefit or for any other reason, except that no setoff shall be permitted against any amount that
constitutes “deferred compensation” within the meaning of Section 409A of the Code.

12. Additional Provisions Relating to Detrimental Activity. For purposes of the Plan,
the term “Detrimental Activity” shall include:

(a) (i) Engaging in any activity in violation of the Section entitled “Competitive Activity;
Confidentiality; Nonsolicitation” in any severance agreement between the Corporation and the
Participant; or

(ii) If no such severance agreement is in effect or if a severance agreement does not
contain a Section corresponding to “Competitive Activity; Confidentiality; Nonsolicitation”:

(A) Competitive Activity During Employment. Competing with the
Corporation anywhere within the United States during the term of the Participant’s
employment, including, without limitation:

(I) entering into or engaging in any business which competes with the
business of the Corporation;

(II) soliciting customers, business, patronage or orders for, or
selling, any products or services in competition with, or for any business
that competes with, the business of the Corporation;

(III) diverting, enticing or otherwise taking away any customers,
business, patronage or orders of the Corporation or attempting to do so; or

(IV) promoting or assisting, financially or otherwise, any person,
firm, association, partnership, corporation or other entity engaged in any
business which competes with the business of the Corporation.

(B) Following Termination. For a period of one year following the
Participant’s termination date:

(I) entering into or engaging in any business which competes with the
Corporation’s business within the Restricted Territory (as hereinafter
defined);

(II) soliciting customers, business, patronage or orders for, or
selling, any products or services in competition with, or for any business,
wherever located, that competes with, the Corporation’s business within the
Restricted Territory;

(III) diverting, enticing or otherwise taking away any customers,
business, patronage or orders of the Corporation within the Restricted
Territory, or attempting to do so; or

(IV) promoting or assisting, financially or otherwise, any person,
firm, association, partnership, corporation or other entity engaged in any
business which competes with the Corporation’s business within the
Restricted Territory.

For the purposes of Sections 12(a)(ii)(A) and (B) above, inclusive, but without
limitation thereof, the Participant will be in violation thereof if the Participant
engages in any or all of the activities set forth therein directly as an individual
on the Participant’s own account, or indirectly as a partner, joint venture,
employee, agent, salesperson, consultant, officer and/or director of any firm,
association, partnership, corporation or other entity, or as a stockholder of any
corporation in which the Participant or the Participant’s spouse, child or parent
owns, directly or indirectly, individually or in the aggregate, more than five
percent (5%) of the outstanding stock.

(C) “The Corporation.” For the purposes of this Section 12(a)(ii), the
“Corporation” shall include any and all direct and indirect subsidiaries, parents,
and affiliated, or related companies of the Corporation for which the Participant
worked or had responsibility at the time of termination of the Participant’s
employment and at any time during the two year period prior to such termination.

(D) “The Corporation’s Business.” For the purposes of this Section 12
inclusive, the Corporation’s business is defined to be a global producer of advanced
materials and services providing enabling technology solutions for customers in
long-term global growth markets including consumer electronics, defense and science,
industrial components and commercial aerospace, energy, automotive electronics,
telecommunications infrastructure, medical and appliance, as further described in
any and all manufacturing, marketing and sales manuals and materials of the
Corporation as the same may be altered, amended, supplemented or otherwise changed
from time to time, or of any other products or services substantially similar to or
readily substitutable for any such described products and services.

(E) “Restricted Territory.” For the purposes of Section 12(a)(ii)(B),
the Restricted Territory shall be defined as and limited to:

(I) the geographic area(s) within a one hundred mile radius of any and
all of the Corporation’s location(s) in, to, or for which the Participant
worked, to which the Participant was assigned or had any responsibility
(either direct or supervisory) at the time of termination of the
Participant’s employment and at any time during the two-year period prior to
such termination; and

(II) all of the specific customer accounts, whether within or outside
of the geographic area described in (I) above, with which the Participant
had any contact or for which the Participant had any responsibility (either
direct or supervisory) at the time of termination of the Participant’s
employment and at any time during the two-year period prior to such
termination.

(F) Extension. If it shall be judicially determined that the
Participant has violated any of the Participant’s obligations under Section
12(a)(ii)(B), then the period applicable to each obligation that the Participant
shall have been determined to have violated shall automatically be extended by a
period of time equal in length to the period during which such violation(s)
occurred.

(b) Non-Solicitation. Except as otherwise provided in Section 12(a)(i), Detrimental
Activity shall also include directly or indirectly at any time soliciting or inducing or attempting
to solicit or induce any employee(s), sales representative(s), agent(s) or consultant(s) of the
Corporation and/or of its parents, or its other subsidiaries or affiliated or related companies to
terminate their employment, representation or other association with the Corporation and/or its
parent or its other subsidiary or affiliated or related companies.

(c) Further Covenants. Except as otherwise provided in Section 12(a)(i), Detrimental
Activity shall also include:

(i) directly or indirectly, at any time during or after the Participant’s employment
with the Corporation, disclosing, furnishing, disseminating, making available or, except in
the course of performing the Participant’s duties of employment, using any trade secrets or
confidential business and technical information of the Corporation or its customers or
vendors, including without limitation as to when or how the Participant may have acquired
such information. Such confidential information shall include, without limitation, the
Corporation’s unique selling, manufacturing and servicing methods and business techniques,
training, service and business manuals, promotional materials, training courses and other
training and instructional materials, vendor and product information, customer and
prospective customer lists, other customer and prospective customer information and other
business information. In agreeing to participate in the Plan, the Participant specifically
acknowledges that all such confidential information, whether reduced to writing, maintained
on any form of electronic media, or maintained in the Participant’s mind or memory and
whether compiled by the Corporation, and/or the Participant, derives independent economic
value from not being readily known to or ascertainable by proper means by others who can
obtain economic value from its disclosure or use, that reasonable efforts have been made by
the Corporation to maintain the secrecy of such information, that such information is the
sole property of the Corporation and that any retention and use of such information by the
Participant during the Participant’s employment with the Corporation (except in the course
of performing the Participant’s duties and obligations to the Corporation) or after the
termination of the Participant’s employment shall constitute a misappropriation of the
Corporation’s trade secrets.

(ii) Upon termination of the Participant’s employment with the Corporation, for any
reason, the Participant’s failure to return to the Corporation, in good condition, all
property of the Corporation, including without limitation, the originals and all copies of
any materials which contain, reflect, summarize, describe, analyze or refer or relate to any
items of information listed in Section 12(c)(i).

(d) Discoveries and Inventions. Except as otherwise provided in Section 12(a)(i),
Detrimental Activity shall also include the failure or refusal of the Participant to assign to the
Corporation, its successors, assigns or nominees, all of the Participant’s rights to any
discoveries, inventions and improvements, whether patentable or not, made, conceived or suggested,
either solely or jointly with others, by the Participant while in the Corporation’s employ, whether
in the course of the Participant’s employment with the use of the Corporation’s time, material or
facilities or that is in any way within or related to the existing or contemplated scope of the
Corporation’s business. Any discovery, invention or improvement relating to any subject matter
with which the Corporation was concerned during the Participant’s employment and made, conceived or
suggested by the Participant, either solely or jointly with others, within one year following
termination of the Participant’s employment under any agreement with the Corporation shall be
irrebuttably presumed to have been so made, conceived or suggested in the course of such employment
with the use of the Corporation’s time, materials or facilities. Upon request by the Corporation
with respect to any such discoveries, inventions or improvements, the Participant will execute and
deliver to the Corporation, at any time during or after the Participant’s employment, all
appropriate documents for use in applying for, obtaining and maintaining such domestic and foreign
patents as the Corporation may desire, and all proper assignments therefor, when so requested, at
the expense of the Corporation, but without further or additional consideration.

(e) Work Made For Hire. Except as otherwise provided in Section 12(a)(i), Detrimental
Activity shall also include violation of the Corporation’s rights in any or all work papers,
reports, documentation, drawings, photographs, negatives, tapes and masters therefore, prototypes
and other materials (hereinafter, “items”), including without limitation, any and all such items
generated and maintained on any form of electronic media, generated by Participant during the
Participant’s employment with the Corporation. In agreeing to participate in the Plan, the
Participant acknowledges that, to the extent permitted by law, all such items shall be considered a
“work made for hire” and that ownership of any and all copyrights in any and all such items shall
belong to the Corporation. The item will recognize the Corporation as the copyright owner, will
contain all proper copyright notices, e.g., “(creation date) [Corporation’s Name], All Rights
Reserved,” and will be in condition to be registered or otherwise placed in compliance with
registration or other statutory requirements throughout the world.

(f) Termination for Cause. Except as otherwise provided in Section 12(a)(i),
Detrimental Activity shall also include activity that results in termination for Cause. For the
purposes of this Section, “Cause” shall mean that, the Participant shall have:

(i) been convicted of a criminal violation involving fraud, embezzlement, theft or
violation of federal antitrust statutes or federal securities laws in connection with his
duties or in the course of his employment with the Corporation or any affiliate of the
Corporation;

(ii) committed intentional wrongful damage to property of the Corporation or any
affiliate of the Corporation; or

(iii) committed intentional wrongful disclosure of secret processes or confidential
information of the Corporation or any affiliate of the Corporation;

and any such act shall have been demonstrably and materially harmful to the Corporation.

(g) Other Injurious Conduct. Detrimental Activity shall also include any other
conduct or act determined to be injurious, detrimental or prejudicial to any significant interest
of the Corporation or any subsidiary unless the Participant acted in good faith and in a manner he
or she reasonably believed to be in or not opposed to the best interests of the Corporation.

(h) Reasonableness. In agreeing to participate in the Plan, the Participant
acknowledges that the Participant’s obligations under this Section 12 are reasonable in the context
of the nature of the Corporation’s business and the competitive injuries likely to be sustained by
the Corporation if the Participant were to violate such obligations, are made in consideration of,
and adequately supported by the agreement of the Corporation to perform its obligations under this
Plan and by other good, valuable and sufficient consideration.

13. Miscellaneous.

(a) Nothing in the Plan shall confer upon a Participant the right to continue in the employ of
the Corporation or an affiliate of the Corporation or shall limit or restrict the right of the
Corporation or any affiliate to terminate the employment of a Participant at any time or without
cause.

(b) Neither the Corporation nor any Participant hereunder shall assign, transfer or delegate
this Plan or any rights or obligations hereunder except as expressly provided herein. Without
limiting the generality of the foregoing, no right or interest under this Plan of a Participant
shall be assignable or transferable in any manner or be subject to alienation, anticipation, sale,
pledge, encumbrance or other legal process or in any manner be liable for or subject to the debts
or liabilities of any such Participant.

(c) The Plan may be amended at any time by the Committee. The Plan may also be amended or
terminated by the Board at any time, and any amendment adopted by the Board shall supersede any
prior or later amendment adopted by the Committee that is inconsistent with the action of the
Board. Subject to the provisions of Section 13(d), no amendment shall have the effect of impairing
or decreasing a Participant’s accrued benefit under the Plan.

(d) The Plan is intended to provide for the deferral of compensation in accordance with the
provisions of Section 409A of the Code and Treasury Regulations and published guidance issued
pursuant thereto, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not
apply to the Participant. Accordingly, the Plan shall be construed and administered in a manner
consistent with this intent and those provisions and may at any time be amended in the manner and
to the extent determined necessary or desirable by the Corporation to reflect or otherwise
facilitate compliance with such provisions.

(e) The Board shall have the authority, in its sole discretion, to terminate the Plan and pay
each Participant’s entire benefit to the Participant or, if applicable, his Beneficiary, pursuant
to an irrevocable action taken by the Board within the 30 days preceding or the 12 months following
a change in control of the Corporation (within the meaning of Section 409A of the Code), provided
that this Section 13(e) will only apply to a payment under the Plan if all agreements, methods,
programs and other arrangements sponsored by the service recipient immediately after the time of
the change in control event with respect to which deferrals of compensation are treated as having
been deferred under a single plan within the meaning of Treasury Regulation § 1.409A-1(c) (2) are
terminated and liquidated with respect to each Participant that experienced the change in control
event, so that under the terms of the termination and liquidation all such Participants are
required to receive all amounts of compensation deferred under the terminated agreements, methods,
programs, and other arrangements within 12 months of the date the service recipient irrevocably
takes all necessary action to terminate and liquidate the agreements, methods, programs and other
arrangements. Solely for purposes of this Section 13(e), where the change in control event results
from an asset purchase transaction, the applicable service recipient with the discretion to
liquidate and terminate the agreements, methods, programs and other arrangements is the service
recipient that is primarily liable immediately after the transaction for the payment of the
deferred compensation.

(f) The Plan is intended to provide benefits for “management or highly compensated” employees
within the meaning of Sections 201, 301 and 401 of the Employee Retirement Income Security Act of
1974, as amended (“ERISA”), and therefore to be exempt from the provisions of Parts 2, 3 and 4 of
Title I of ERISA. Accordingly, the Plan shall terminate and no further benefits shall accrue
hereunder in the event it is determined by a court of competent jurisdiction or by an opinion of
counsel that the Plan constitutes an employee pension benefit plan within the meaning of Section
3(2) of ERISA which is not so exempt.

(g) If any provision in the Plan is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remaining provisions shall nevertheless continue to full force and
effect without being impaired or invalidated in any way.

(h) The Plan shall be construed and governed in all respects in accordance with applicable
federal law and, to the extent not preempted by such federal law, in accordance with the law of the
State of Ohio.

APPROVAL AND ADOPTION

The Materion Corporation Supplemental Retirement Benefit Plan, as set forth in the form attached
hereto, is hereby approved and adopted.

/s/ Michael C. Hasychak       Date: September 13, 2011

Name

Vice President, Treasurer and Secretary

Title

/s/ Sue MacDonald      

Name

Director, Treasury Operations      

Title

Schedule I

Schedule of Participants, Offset Amounts, and Special Crediting Provisions

	 	 	 	 	 	 	 	 	 
	Participant	 	Offset Amount	 	Special Calculation Provisions
	Michael D. Anderson	 	$	246,250	 
	Stephen Freeman	 	$	496,308	 
	John D. Grampa	 	$	530,000	 
	Michael C. Hasychak	 	$	212,989	 
	Richard J. Hipple	 	$	842,250	 	 	In addition to the Prevented Benefit
determined for Mr. Hipple pursuant to
Section 2(j), an additional amount shall
be included in the amount payable to him
under Section 4, determined as follows:

	 	 	 	 	 	 	 	 	• Mr. Hipple’s Prevented Benefit
shall be determined pursuant to Section
2(j).
• Such amount shall be divided by
his number of Years of Benefit Service
under the Pension Plan.
• The resulting amount shall be
multiplied by 5.

	Donald G. Klimkowicz	 	$	140,418	 
	Alfonso T. Lubrano	 	$	358,926	 
	Walter G. Maxwell	 	$	86,165	 
	Richard W. Sager	 	$	291,735	 
	Daniel A. Skoch	 	$	943,121	 

1

Schedule II

MATERION CORPORATION

SUPPLEMENTAL RETIREMENT BENEFIT PLAN

PARTICIPATION AGREEMENT

I,       , acknowledge that (i) I have been designated by the Board of
Directors of Materion Corporation (the “Corporation”) as a participant in the Materion Corporation
Supplemental Retirement Benefit Plan (the “Plan) and (ii) I have been provided a copy of the Plan.

I agree to be bound by the terms of the Plan, including, but not limited to, the provisions of
the Plan contained in Section 11 (Effect of Detrimental Activity) and Section 12 (Additional
Provisions Relating to Detrimental Activity).

I acknowledge that this Participation Agreement is made in consideration of, and is
adequately supported by, the agreement of the Corporation to perform its obligations under the Plan
and other consideration which I acknowledge constitutes good, valuable, and sufficient
consideration.

	 	 	 
	     

Date
	 	     

Signature

	 	 	     

Print Name

2dlyt_ex1026.htm

EXHIBIT 10.26

 

EXECUTIVE COMPENSATION AGREEMENT

 

THIS EXECUTIVE COMPENSATION AGREEMENT (the “Agreement”) is made and entered into as of the 14 th day of September 2011 (“Effective Date”) by and between DAIS ANALYTIC CORPORATION, a New York Corporation (“Company”), and TIMOTHY N. TANGREDI (“Executive”).

 

R E C I T A L S

 

WHEREAS, the Company and Executive are parties to an amended and restated employment agreement dated September 14, 2011 (the “Employment Agreement”);

 

WHEREAS, as of September 14, 2011, the Company owes accrued and unpaid compensation to Executive in the amount of $1,047,884, for services rendered to the Company as an executive in 2001 through 2011, and which continues to accrue to the extent not paid by the Company under the terms of the Employment Agreement (“Accrued Compensation”);

 

WHEREAS, the Company is contemplating a equity financing in the form of an underwritten public offering of its common stock, which shall result in gross proceeds of at least $10 million (“Equity Financing”);

 

WHEREAS, in connection with the Equity Financing, Executive is willing to accept payment for his accrued and unpaid compensation through and up to the date of the closing date thereof, in the form of a combination of shares of restricted common stock, at the price per share to be paid by investors in the Equity Financing, and cash, as described herein; and

 

WHEREAS, on September 13, 2011, the board of directors of the Company unanimously approved the terms of this Agreement.

 

A G R E E M E N T

 

NOW, THEREFORE, in consideration of the premises and mutual promises and agreement hereinafter set forth, it is agreed as follows:

 

1. Payment of Accrued Compensation in Shares and Cash.  Conditional on completion of the Equity Financing, on the closing date of the Equity Financing the Company shall promptly pay Executive a cash payment in the amount equal to Executive’s Accrued Compensation multiplied by a percentage equal to the highest marginal federal individual income tax rate plus Executive’s share of applicable state, local and/or employment taxes (the “Cash
Compensation”).  In addition, conditional on completion of the Equity Financing, on the closing date of the Equity Financing the Company shall promptly pay to Executive in the form of restricted common stock of the Company (the “Share Compensation”) the number of shares equal to (i) the Executive’s Accrued Compensation, minus the Cash Compensation, divided by (ii) the public offering price per share to be paid by investors in the Equity Financing, rounded to the nearest full share.

 

  

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2. Termination.  This Agreement shall immediately terminate and shall have no force or effect, if the Equity Financing is not completed on or prior to November 30, 2011.

 

3. Miscellaneous.

 

a. Governing Law.  This Agreement shall be governed by Florida law without regard to the conflicts of laws principles thereof.

 

b. Non-Contravention.  Executive represents and warrants that the execution, delivery and performance of this Agreement do not and will not contravene, conflict with or otherwise violate the terms of any written or oral agreement among Executive and one or more third parties.

 

c. Arbitration.  Disputes between the parties arising under or with respect to this Agreement shall be submitted to arbitration in Hillsborough County, Florida by a single arbitrator under the rules of the American Arbitration Association, and the arbitration award shall be binding upon the parties and enforceable in any court of competent jurisdiction. The cost of arbitration, including counsel fees, shall be borne by the Company unless the arbitrator determines that the Executive’s position was frivolous and
without reasonable foundation.

 

d. Notices.  Any notice or communication to be given under the terms of this Agreement shall be in writing and delivered in person or deposited, certified or registered, in the United States mail, postage prepaid, addressed as follows:

 

If to Company:

Dais Analytic Corporation

11552 Prosperous Drive

Odessa, FL  33556

Attn:  President

If to Executive:

Timothy N. Tangredi

10416 Pontofino Circle

Trinity, FL  34655

or at such other address as either party may from time to time designate by notice hereunder. Notices shall be effective upon delivery in person or, if mailed, at midnight on the third business day after the date of mailing

 

e. Modifications and Amendments.  This Agreement shall not be modified, altered or amended except by a written agreement signed by the parties hereto.  This Agreement shall not be deemed to modify, alter or amend the Employment Agreement in any respect.

 

  

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f. Entire Agreement.  This Agreement together with the documents referred to herein or contemplated hereby constitute and embody the full and complete understanding and agreement of the parties hereto with respect to the subject matter hereof and supersede all prior understandings or agreements whether oral or in writing with respect to the subject matter hereof.

 

g. Benefit and Binding Effect.  This Agreement shall be binding upon and inure to the benefit of Company and its successors and assigns, including any corporation, person or other entity which may acquire all or substantially all of the business of Company or any other corporation with or into which Company is consolidated or merged, and Executive and his heirs, executors, administrators and legal representatives, provided,
however, that the obligations of Executive hereunder may not be delegated or assigned.

 

h. Severability.  If any portion of this Agreement may be held to be invalid or unenforceable for any reason whatsoever, it is agreed that said invalidity or unenforceability shall not affect the other portions of this Agreement and that the remaining covenants, terms and conditions, or portions thereof, shall remain in full force and effect, and any court of competent jurisdiction may so modify the objectionable provisions as to make it valid, reasonable and enforceable.

 

i. Headings; Interpretation.  The section headings used herein are for convenience and reference only and are not intended to define, limit or describe the scope or intent of any provision of this Agreement. When used in this Agreement, the term “including” shall mean without limitation by reason of enumeration. Words used herein in the singular shall include the plural.

 

j. Waiver.  The failure of either party to insist, in any one or more instances, upon strict performance of any of the terms or conditions of this Agreement shall not be construed as a waiver or a relinquishment of any right granted hereunder or of the future performance of any such term, covenant or condition, but the obligations of either party with respect thereto shall continue in full force and effect.

 

k. Counterparts.  This Agreement may be executed in any number of counterparts, each of whom shall be deemed a duplicate original.

 

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

	EXECUTIVE:	 	 	DAIS ANALYTIC CORPORATION	 
	 	 	 	 	 
	
/s/ Timothy N. Tangredi     

	 	By:  	
/s/  Robert Schwart      

	 
	
Timothy N. Tangredi

	 	 	
Robert Schwartz

	 
	 	 	 	
Authorized Signatory

	 

 

  

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