Document:

Exhibit 10ag-1

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      Exhibit
        10ag-1

      ROGERS
        CORPORATION

      2005
        EQUITY COMPENSATION PLAN

      INCENTIVE
        STOCK OPTION AGREEMENT

       

      

      Pursuant
        to the Rogers Corporation 2005 Equity Compensation Plan (the "Plan"), Rogers
        Corporation (the "Company") hereby grants to ______________ (the "Optionee"),
        an
        incentive 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.
        Subject
        to Section 2 below, this Stock Option shall become exercisable as follows:
        ________________________________________; except that upon the occurrence
        of a
        Sale Event (as defined in the Plan) or for the reasons stated in Sections
        2(a)
        or 2(b) below, this Stock Option shall become fully exercisable. 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.                 
        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, to the extent
        it
        was exercisable on the date of termination of employment, for a period of
        three
        months from the date of termination of employment or the tenth anniversary
        of
        the Grant Date, if earlier.

       

      (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 shall become immediately vested and exercisable
        in
        full and 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 shall become
        immediately vested and exercisable in full and 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 shall become immediately
        vested and exercisable in full and 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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      3.                 
        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.

       

      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.

       

      4.                 
        Stock
        Option Not Transferable.
        This
        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.

       

      5.                 
        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.

       

      6.                 
        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.

       

      7.                 
        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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      8.                 
        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.

       

      9.                 
        Tax
        Status.
        The
        Stock Option is intended to qualify as an incentive stock option under Section
        422 of the Internal Revenue Code of 1986, as amended, but the Company does
        not
        represent or warrant that the Stock Option qualifies as such. The Optionee
        understands that in order to obtain the benefits of an incentive stock option
        under Section 422 of the Code, no sale or other disposition may be made of
        any
        shares of Capital Stock acquired upon the exercise of the Stock Option within
        the one-year period beginning on the day after the day of the transfer of
        such
        shares to him or her, nor within the two-year period beginning on the day
        after
        the Grant Date. The Optionee further understands that in order to obtain
        the
        benefits of an incentive stock option under Section 422 of the Code, the
        Stock
        Option must be exercised within (a) three months of the date of termination
        of
        employment in the case of termination by reason other than the Optionee’s death
        or Disability, or (b) one year from the date of termination of employment
        in the
        case of termination by reason of Disability. 

       

      If
        the
        Optionee intends to dispose or does dispose (whether by the sale, gift, transfer
        or otherwise) of any such shares within said periods, he or she will notify
        the
        Company or the Company’s designee within 30 days after such disposition. In
        addition, Stock Options granted under the Plan (and any other plan maintained
        by
        the Company or any subsidiary or parent corporation) representing no more
        than
        $100,000 of the aggregate Fair Market Value of shares of Capital Stock
        (determined as of the time of grant) may become exercisable for the first
        time
        by the Optionee during any calendar year and be treated as incentive stock
        options under Section 422 of the Code. 

       

      In
        the
        event that the Stock Option, or any portion thereof, shall for any reason
        fail
        to qualify as an incentive stock option under Section 422 of the Code, it
        shall
        thereafter be treated, to the extent of such failure, as a non-qualified
        stock
        option granted under the Plan.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      10.             
        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.

       

      11.             
        No
        Obligation to Exercise Stock Option.
        The
        grant and acceptance of the Stock Option imposes no obligation on the Optionee
        to exercise it.

       

      12.             
        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.

       

      13.             
        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.

       

      14.             
        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.

       

      15.             
        Governing
        Law.
        This
        Agreement and the Stock Option shall be governed by the laws of the Commonwealth
        of Massachusetts, United States of America.

       

      16.             
        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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      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 10ah-2

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      Exhibit
        10ah-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.
        Subject
        to Section 2 below, this Stock Option shall become exercisable as follows:
        _____________________________; except that upon the occurrence of a Sale
        Event
        (as defined in the Plan) or for the reasons stated in Sections 2(a) or 2(b)
        below, this Stock Option shall become fully exercisable. 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.                 
        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, to the extent
        it
        was exercisable on the date of termination of employment, for a period of
        three
        months from the date of termination of employment or the tenth anniversary
        of
        the Grant Date, if earlier.

       

      (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 shall become immediately vested and exercisable
        in
        full and 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 shall become
        immediately vested and exercisable in full and 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 shall become immediately
        vested and exercisable in full and 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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      3.                 
        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.

       

      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.

       

      4.                 
        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.

       

      5.                 
        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.

       

      6.                 
        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.

       

      7.                 
        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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      8.                 
        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.

       

      9.                 
        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.

       

      10.             
        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.

       

      11.             
        No
        Obligation to Exercise Stock Option.
        The
        grant and acceptance of the Stock Option imposes no obligation on the Optionee
        to exercise it.

       

      12.             
        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.

       

      13.             
        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.

       

      14.             
        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.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

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      15.             
        Governing
        Law.
        This
        Agreement and the Stock Option shall be governed by the laws of the Commonwealth
        of Massachusetts, United States of America.

       

      16.             
        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:

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