Document:

Second Amendment to the Cognex Corporation 1998 Stock Incentive Plan

 EXHIBIT 10F 
 COGNEX CORPORATION 
 1998 STOCK INCENTIVE PLAN 

Second Amendment 

Pursuant to the powers and procedures for amendment of the Cognex Corporation 1998 Stock Incentive Plan (the “1998 Plan”)
described in Section 20 of the 1998 Plan, the Board of Directors of Cognex Corporation (the “Company”) hereby amends the 1998 Plan as follows: 
  

	 	1.	Effective as of the date hereof, Section 11 of the 1998 Plan is amended by deleting the text of Section 11 in its entirety and substituting therefor the
following: 

 “The right of any optionee to exercise any option granted to him or her shall not be assignable
or transferable by such optionee otherwise than by will or the laws of descent and distribution, except that (i) an optionee may transfer options that are not ISOs granted under the Plan to the optionee’s spouse or children or to a trust
for the benefit of the optionee or the optionee’s spouse or children and (ii) an optionee may transfer options granted under the Plan pursuant to a divorce decree or other domestic relations order as defined in the Code or Title I of the
Employee Retirement Income Security Act of 1974, as amended (or the rules thereunder). ISOs shall be exercisable during the lifetime of such optionee only by him/her. Any option granted under the Plan shall be null and void and without effect upon
the bankruptcy of the optionee to whom the option is granted, or upon any attempted assignment or transfer, except as herein provided, including without limitation any purported assignment, whether voluntary or by operation of law, pledge,
hypothecation or other disposition, attachment, trustee process or similar process, whether legal or equitable, upon such option.” 
  

	 	2.	Except as so amended, the 1998 Plan in all other respects is hereby confirmed. 

IN WITNESS WHEREOF, the Board of Directors of the Company has caused this Second Amendment to the 1998 Plan to be duly
executed on this 5th day of May, 2006. 

 

			
	COGNEX CORPORATION
		
	By:	 	 /s/Anthony J. Medaglia, Jr.

		 	 Anthony J. Medaglia, Jr.,

SecretarySummary of Annual Bonus Program

 EXHIBIT 10Q 
 COGNEX CORPORATION 
 SUMMARY OF ANNUAL BONUS PROGRAM 

Cognex Corporation (the “Company”) provides selected employees, including the Company’s named executive officers, with an opportunity to earn cash
bonuses pursuant to an annual bonus program (the “Bonus Program”). Each participant in the Bonus Program is assigned a target annual cash bonus. Participants may earn their bonuses based on the achievement of certain financial goals set
forth in the Company’s annual budget related to the Company’s operating income (excluding stock-based compensation expense) as a percentage of revenue, or “operating margin.” The Compensation/Stock Option Committee of the
Company’s Board of Directors establishes a minimum level of operating margin, which must be achieved for any cash bonus to be paid to a participant. Once the minimum threshold has been achieved, each participant’s eligible bonus is
calculated as follows: 
  

	 	•	 	 if the operating margin is above the minimum threshold but below the operating margin target in the annual budget, each employee is eligible to receive a
pro-rata portion of his or her target bonus; 

  

	 	•	 	 if the operating margin is equal to the operating margin set forth in the annual budget, each employee is eligible to receive 100% of his or her target bonus;
and 

  

	 	•	 	 if the operating margin is above the operating margin set forth in the annual budget, all exempt employees are eligible to receive an additional amount depending
upon his or her grade level and up to a maximum level approved by the Compensation/Stock Option Committee. 

 The Compensation/Stock
Option Committee approves the target bonus for each employee at director level and above, which includes the Company’s named executive officers, and the amount by which each individual can participate in any increase due to performance in
excess of the budget target. Once the operating margin criterion is met, the amount each employee at director level and above, which includes the Company’s named executive officers, receives depends upon the achievement of individual
performance goals, which are established annually. 
 Under the Bonus Program, Robert J. Shillman, the Chairman of the Board of Directors and Chief Culture
Officer, has the opportunity to earn 0-300% of his target bonus amount based on the achievement of the specified performance goals, Robert J. Willett, President and Chief Executive Officer, has the opportunity to earn 0-300% of his target bonus
amount based on the achievement of the specified performance goals, and Richard A. Morin, Executive Vice President of Finance and Administration and Chief Financial Officer has the opportunity to earn 0-200% of his target bonus amounts based on the
achievement of the specified performance goals. 
 The annual bonuses for the Company’s named executive officers are listed in the Summary
Compensation Table set forth in the Company’s proxy statement for its annual meeting of shareholders.Summary of Director Compensation

 EXHIBIT 10R 
 COGNEX CORPORATION 
 SUMMARY OF DIRECTOR COMPENSATION 

Cognex Corporation (the “Company”) pays each Director (other than Robert J. Shillman, Robert J. Willett, and Patrick A. Alias) an annual fee for his
services on the Company’s Board of Directors and its committees, plus additional amounts for participation in on-site and telephonic meetings. Each Director receives cash compensation in the amount of $7,500 if the first board meeting attended
was before April 27, 2011 and $10,000 if the first board meeting attended was on or after April 27, 2011, plus an additional $4,500 for each meeting attended in person before April 27, 2011 and $5,000 for each meeting attended in
person on or after April 27, 2011. Each Director receives $500 for each meeting attended via telephone. 
 Each Director who serves on the
Compensation/Stock Option Committee of the Company’s Board of Directors receives an annual fee of $2,000, plus $500 for each meeting attended on a day other than that of a Board meeting. Each Director who serves on the Audit Committee of
the Company’s Board of Directors receives an annual fee of $4,500. The Chairman of the Audit Committee receives an additional fee of $4,000 for the year. Each Audit Committee member receives $1,500 for each committee meeting attended
in person or $500 for each telephonic meeting attended to discuss the Company’s financial results and related topics. Each Director who serves on the Nominating Committee receives an annual fee of $500.

Neither Dr. Shillman, Mr. Willett, nor Mr. Alias receive additional cash compensation to serve on the Company’s Board of Directors.

Dr. Shillman, Mr. Willett, and Mr. Alias each receive stock options as employees of the Company. Directors are also eligible to receive stock
options, as part of the Company’s annual grant. All stock option grants are reviewed by the Compensation Committee.Offer of Employment to Paul Hirt, Jr.

 Exhibit 10.1 

 

					
		 		  	

			
	September 16, 2011	 		  	
			
		 		  	 13000 Deerfield Parkway Bldg. 200
 Milton, GA 30004
 Telephone: 678.566.9000

 R. Paul Hirt, Jr. 
 Dear Paul: 
 On behalf of Exide Technologies, I am pleased to extend an offer for the position of
President, Exide Americas at our Milton, Georgia location. You will report to me. Your annual base salary will be paid at a rate of approximately $16,666.67 semi-monthly ($400,000 per year). It is anticipated that you will begin employment on or
about November 14, 2011. 
 You will receive a $250,000 cash inducement award, payable in a lump sum on the first anniversary of your hire
date. This payment shall be referred to herein as an “Inducement Award.” Should you leave the Company voluntarily or be terminated “for cause” (as defined herein) prior to the second anniversary of your hire date, you will be
obligated to repay the Company a pro-rated portion of this Inducement Award, to the extent paid, based upon a fraction the numerator of which is (x) twenty-four (24) minus the number of calendar months you are employed by the Company and
the denominator of which is (y) twenty-four (24). For purposes of determining the above-stated repayment obligation under the Inducement Award, a “for cause” termination shall mean (i) a willful and continued (after ten business
days prior written notice from the Company) failure to substantially perform your duties or to comply with the reasonable policies of the Company (other than any such failure resulting from your incapacity due to physical or mental illness);
(ii) an act or omission that constitutes willful misconduct, gross negligence or fraud; (iii) misappropriation, embezzlement or dishonesty with respect to your duties with the Company, or (iv) conviction or entering a plea of guilty
or no contest to a felony. 
 You will be eligible to participate in Exide’s Annual Incentive Plan (AIP) for FY2012, in accordance with the
terms of the AIP Plan. Your target payout in the AIP Plan of 50% of your annual base salary will be pro-rated based on your start date. Effective with FY2012, you will also be eligible to participate in Exide’s Annual Long Term Performance
Program (“the Program”), in accordance with the terms of the Program, at a target grant equal to 100% of your annual base salary. Upon hire, the Company will also grant you an equity grant of 100,000 shares of restricted common stock
pursuant to the Company’s 2009 Stock Incentive Plan (“the Plan”), to cliff vest following your third year of continuous employment with the Company. 
 You will be eligible to participate in such standard employee benefits offered by the Company for senior executives, in accordance with the eligibility requirements and under the terms of such plans,
including, without limitation, the Company’s automobile and standard relocation allowance policies. You will receive a monthly automobile allowance of $950.00, subject to the terms of the standard automobile policy. All benefits commence the
first of the month after you have been on the payroll for 60 days. 
 You will be entitled to four (4) weeks of paid vacation per year, to
be used and accrued according to the Company’s policy as it may be established from time to time. 
 Consistent with Exide’s
commitment to provide a drug-free work environment for all employees, this offer is contingent upon your successful completion of a pre-placement drug screen as well as satisfactory results of previous employment verification and background
investigation check. This offer is also contingent upon verification of your Employment Eligibility (on Form I-9). 

 Further, you acknowledge that by accepting this offer, you are confirming that you are not party to any
existing employment contract or non-compete agreement that would be violated by your immediate employment with Exide Technologies or would in any way limit your employment with Exide Technologies. 

You further acknowledge and agree that this offer letter is not a contract of employment or an offer of a contract for employment. Exide Technologies is
an at-will employer. Employment with Exide Technologies may be terminated with or without cause and with or without notice at any time at your option or the Company’s option. You also acknowledge and agree, however, that your repayment
obligations under the Inducement Awards set forth above are valid and binding obligations on your part and which are enforceable by Exide under Georgia law. 
 If the terms we have presented are agreeable, please sign below where indicated no later than October 14, 2011 and return the original letter to my attention, and keep a copy for your records.
Failure to respond by October 14, 2011 shall result in the withdrawal of this offer. Should you have any questions relating to the contents of this letter, please feel free to contact me. 

We look forward to having you join the Exide Technologies team. I am confident your contributions will be beneficial to both of us. 

Sincerely, 
 James R. Bolch 

Chief Executive Officer 
 If the terms we
have presented are agreeable, please sign below by the above-mentioned date and return this letter. 
  

							
	 /s/ R. Paul Hirt,
Jr.                                      October 14,
2011
	 		 	 R. Paul Hirt, Jr.

	Signature	 	Date	 		 	Print Name

  
 Page 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]