Document:

Exhibit 10aab

    Exhibit
      10aab

    

    

    

    

    Summary
      of Board of Directors Approved Amendments to Certain Stock Option Plans and
      Certain Other Employee Benefit or Compensation Plans

    

    

    On
      October
      27, 2006, the Board of Directors of Rogers Corporation (the “Company”) approved
      the following:

    

    The
      term
“Fair Market Value” as contained in the Company’s (i) 1988 Stock Option Plan;
      (ii) 1990 Stock Option Plan; (iii) 1994 Stock Compensation Plan; and (iv) 1998
      Stock Incentive Plan, and any and all other employee benefit or compensation
      plans maintained by the Company to which such change would be relevant (all
      of
      the aforementioned plans, including any and all amendments and restatements
      thereto are referred to herein as the “Plans”) is hereby redefined, to mean the
“last” selling price, the price at “close”, or such other equivalent reported
      price for the Company’s Capital Stock on such date, in each case as quoted in
      the New York Stock Exchange Composite Transactions in The
      Wall Street Journal
      newspaper; provided, however, that if there are no such market quotations for
      such date, then as determined in good faith by the Company. The effective date
      for the aforementioned amendments to the Plans was October 27,
      2006.Exhibit 10(i)

    Exhibit
      10i

    

    ROGERS
      CORPORATION 

    VOLUNTARY
      DEFERRED COMPENSATION PLAN

    FOR
      NON-EMPLOYEE DIRECTORS

    AMENDED
      AND RESTATED EFFECTIVE AS OF DECEMBER 21, 1999

    

    2006
      Amendment

    

    Pursuant
      to the powers and procedures for amendment of the Rogers Corporation Voluntary
      Deferred Compensation Plan For Non-Employee Directors, as amended and restated
      effective as of December 21, 1999 and as further amended (as amended, the
“Plan”), described in Section 10(a) of the Plan, the Compensation and
      Organization Committee of the Board of Directors of Rogers Corporation (the
      “Committee”) hereby amends the Plan as follows:

    

    
      	
              1.

            	
              Effective
                as of December 18, 2006, Section 2 is amended by deleting said Section
                2
                in its entirety and substituting therefor the
                following:

            
	 	 	 	 
	 	
               “2.

            	
              Right
                to Defer. For each calendar year beginning on or after January 1,
                2000,
                each Director may elect to defer payment of up to one-hundred percent
                (100%) of each of (i) the portion of (A) the annual retainer fee
                or (B)
                the meeting fees, if any, payable to such Director in shares of capital
                stock, $1 par value (the “Stock”) of the Company (the “Stock Fees”) and/or
                (ii) the portion of (A) the annual retainer fee (for calendar years
                beginning on or after January 1, 2007) or (B) the meeting fees, if
                any,
                payable to such Director in cash, for service as a Director of the
                Company
                during such calendar year.”

            
	 	 	 	 
	
              2.

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

            

    

    

    IN
      WITNESS
      WHEREOF, the Committee has caused this 2006 Amendment to the Plan to be duly
      executed on this 18th
      Day of
      December, 2006.

    

    
      	 	
              ROGERS
                CORPORATION

            
	 	 
	 	
              By:
                /s/ Robert M. Soffer

            
	 	
              Robert
                M. Soffer

            
	 	
              Vice
                President, Treasurer and Secretary

            

    

    

    
      
        Page
          1 of 1Exhibit 10r7

    

    Exhibit
      10r-7

    

    

    AMENDMENT
      NO. 7 TO SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER COMPENSATION

    

    As
      of
      February 27, 2007 

    

    

    

    

    Summary
      of
      Director and Executive Officer Compensation, filed with the Securities and
      Exchange Commission on March 18, 2005, and amended as of May 9, 2005, August
      10,
      2005, February 22, 2006, March 31, 2006, May 12, 2006 and November 20, 2006,
      is
      hereby amended and restated in its entirety:

    

    

    I. DIRECTOR
      COMPENSATION.

    

    The
      following table sets forth the rates of compensation for non-management
      directors that became effective on April 1, 2006.

     

    Annual
      Retainer

     

    
      	
              Audit
                Committee Chairperson* 

            	
              $45,000

            
	
              Compensation
                and Organization Committee Chairperson 

            	
              $42,500

            
	
              Lead
                Director* 

            	
              $50,000

            
	
              Nominating
                and Governance Committee Chairperson 

            	
              $40,000

            
	
              Finance
                Committee Chairperson 

            	
              $40,000

            
	
              Safety
                and Environment Committee Chairperson 

            	
              $38,500

            
	
              Each
                Other Non-Management Director 

            	
              $35,000

            

    

     

    *
      Robert
      G. Paul, who is Chairperson of the Audit Committee as well as Lead Director,
      on
      an annualized basis, receives an annual retainer of $60,000 ($35,000 as a
      Non-Management Director, an additional $10,000 as Chairperson of the Audit
      Committee, and an additional $15,000 as Lead Director). 

     

    

      Board
        Meeting Attendance Fees

       

      Non-Management
        Directors $1,500

       

      Committee
        Meeting Attendance Fees

       

      
        	
                Committee
                  Chairpersons

              	
                $1,500

              
	
                Committee
                  Members

              	
                $1,000

              
	
                Telephone
                  Meetings

                 

              	
                50%
                  of the fee entitled had the meeting been held in person

                 

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Under
      the
      2005 Equity Compensation Plan (the “2005 Plan”), the annual retainer for
      non-management directors was paid semi-annually in shares of Rogers Corporation
      (“Rogers”) capital stock, with the number of shares of stock granted based on
      their then fair market value (pro-rated to reflect directors joining or leaving
      the Board after the beginning of the year). However, beginning on January 1,
      2007, non-management directors will receive the annual retainer semi-annually
      in
      cash unless they choose to receive Rogers capital stock. Stock options are
      also
      granted to each non-management director twice a year. Currently, such
      semi-annual stock option grants are for 2,250 shares (also pro-rated for a
      director joining or leaving the Board after the beginning of the year), each
      with an exercise price equal to the fair market value of a share of Rogers
      capital stock as of the date of grant. Such options are immediately exercisable
      and expire ten years from the date of grant even if the individual is no longer
      serving as a Rogers director.

     

    On
      a
      yearly basis, non-management directors can choose whether to receive their
      meeting fees in cash, stock or a combination thereof. In addition, under Rogers’
non-qualified deferred compensation plan for non-management directors, such
      individuals may elect to defer all or a portion of their annual retainer and
      meeting fees, regardless of whether such amounts would have been paid in cash
      or
      in Rogers capital stock.

     

    For
      2007,
      certain of Rogers’ non-management directors made the following
      elections:

     

    Edward
      L.
      Diefenthal: Receive the annual retainer in Rogers stock on a current
      basis.

     

    Gregory
      B.
      Howey: Defer receipt of Rogers stock for the annual retainer. Receive meeting
      fees in Rogers stock, but defer receipt.

     

    Carol
      R.
      Jensen: Receive the annual retainer in Rogers stock on a current basis.

     

    Eileen
      S.
      Kraus: Receive meeting fees in Rogers stock on a current basis. 

     

    William
      E.
      Mitchell: Receive the annual retainer in Rogers stock on a deferred basis.
      

     

    Rogers’
      other non-management directors, Leonard M. Baker, Charles M. Brennan, III,
      Walter E. Boomer, Leonard R. Jaskol, and Robert G. Paul, by not making any
      such
      special election, will receive cash for the 2007 annual retainer on a current
      basis (as will Ms. Kraus) and will receive their meeting fees in cash on a
      current basis (as will Mr. Diefenthal, Dr. Jensen and Mr. Mitchell).

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    II.
      EXECUTIVE COMPENSATION. 

    

    The
      table
      below sets forth the base salaries provided to the following executive officers
      of Rogers as of the dates shown below.

     

    
      	
              Executive
                Officer  

            	 	
              Annual
                Salary

              5/29/06(1)

            	 	
              Annual
                Salary

              Effective
                3/19/07

            	 
	
               

            	 	
               

            	 	
               

            	 
	
              Robert
                D. Wachob 

            	 	
              $

            	
              433,004

            	 	
              $

            	
              475,020

            	 
	
              President
                and Chief Executive Officer

            	 	 	
            	 	 	 	 
	
               

            	 	 	
            	 	 	 	 
	
              Dennis
                M. Loughran 

            	 	 	
            	 	 	 	 
	
              Vice
                President Finance and Chief Financial Officer

            	 	
              $

            	
              260,000

            	 	
              $

            	
              273,000

            	 
	
               

            	 	 	
            	 	 	 	 
	
               

            	 	 	
            	 	 	 	 
	
              Robert
                C. Daigle 

            	 	
              $

            	
              225,524

            	 	
              $

            	
              242,502

            	 
	
              Vice
                President, R&D and 

            	 	 	
            	 	 	 	 
	
              Chief
                Technology Officer

            	 	 	
            	 	 	 	 
	
               

            	 	 	
            	 	 	 	 
	
              John
                A. Richie 

            	 	
              $

            	
              201,032

            	 	
              $

            	
              215,436

            	 
	
              Vice
                President, Human Resources

            	 	 	
            	 	 	 	 
	
               

            	 	 	
            	 	 	 	 
	
              Robert
                M. Soffer 

            	 	
              $

            	
              193,362

            	 	
              $

            	
              201,994

            	 
	
              Vice
                President, Treasurer and Secretary

            	 	 	
            	 	 	 	 
	
               

            	 	 	
            	 	 	 	 
	
              Paul
                B. Middleton 

            	 	
              $

            	
              186,056

            	 	
              $

            	
              193,596

            	 
	
              Corporate
                Controller

            	 	 	 	 	 	
            	 

    

     

    (1)
      Effective May 29, 2006, the annual base salaries of Messrs. Daigle, Richie,
      Soffer and Middleton were increased to offset a decrease in their automobile
      and
      gasoline allowance. The other salaries listed in this column were effective
      as
      of 3/20/06.

     

    Executive
      Officers are also eligible to receive a bonus each year under the Rogers Annual
      Incentive Compensation Plan. The Annual Incentive Compensation Plan has target
      bonuses of 60% to 75% of base salary for the CEO, and between 25% and 45% for
      the other executive officers. Actual bonuses may vary from 0% to 300% of the
      target bonuses depending on performance relative to annual profit improvement
      objectives. These amounts are determined by the performance of Rogers (Net
      Income Per Share) versus the annual objectives. In general, the broader the
      responsibility of the executive, the larger the portion of his or her award
      which is based upon corporate, rather than divisional results; the corporate
      portion is 100% of the consideration for the executive officers listed below.
      For 2006, overall corporate performance exceeded the 300% target amount, and,
      as
      a result, all of the following executive officers received a bonus at the 300%
      level. 

    

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Executive
                Officer

            	 	
               Bonus
                Amount at 300% Level

            	 
	
               

            	 	  	 
	
              Robert
                D. Wachob 

            	 	
              $

            	
              909,308

            	 
	
              President
                and Chief Executive Officer

            	 	 	
            	 
	
               

            	 	 	
            	 
	
              Dennis
                M. Loughran

            	 	
              $

            	
              312,000

            	 
	
              Vice
                President Finance and Chief
                Financial Officer

            	 	 	
            	 
	
               

            	 	 	
            	 
	
              Robert
                C. Daigle 

            	 	
              $

            	
              271,939

            	 
	
              Vice
                President, R&D and Chief
                Technology Officer

            	 	 	
            	 
	
               

            	 	 	
            	 
	
              John
                A. Richie 

            	 	
              $

            	
              211,384

            	 
	
              Vice
                President, Human Resources

            	 	 	
            	 
	
               

            	 	 	
            	 
	
              Robert
                M. Soffer 

            	 	
              $

            	
              145,665

            	 
	
              Vice
                President, Treasurer and Secretary

            	 	 	
            	 
	
               

            	 	 	
            	 
	
              Paul
                B. Middleton (1)

            	 	
              $

            	
              139,601

            	 
	
              Corporate
                Controller

            	 	 	
            	 

    

     

    (1)
      None
      of the above executive officers received a bonus for 2005, except for Mr.
      Middleton, as bonus performance targets were not achieved in 2005. However,
      Mr.
      Middleton was awarded a $20,000 bonus for 2005 in recognition of his
      contributions as Acting Chief Financial Officer for ten months. 

    

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    III.
      A.
      EXECUTIVE OFFICER STOCK OPTION GRANTS. 

    

    Executive
      officers of Rogers are eligible to receive stock option grants each year, based
      on the individual's level in the organization and, the same performance criteria
      used to determine salary adjustments. These criteria are not weighted. Options
      generally have an exercise price equal to at least the fair market value of
      the
      Rogers stock as of the date of grant. Regular options generally have a ten-year
      life and generally vest in one-third increments on the second, third and fourth
      anniversary dates of the grant. 

    

    On
      February 15, 2006 and February 14, 2007, the Compensation and Organization
      Committee of the Board of Directors approved grants of stock options for a
      number of Rogers employees including the following executive officers; except
      for Mr. Wachob whose grants were approved on February 16, 2006 and February
      15,
      2007. 

    

    

    

    
      	 	 	
              2006

            	 	
              2007

            	 
	
              Executive
                Officer  

            	 	
              Number
                of Shares in 

              Non-Qualified
                

              Stock
                Option Grant 

            	 	
              Number
                of Shares 

              in
                Incentive 

              Stock
                Option Grant

            	 	
              Number
                of Shares in Non-Qualified

              Stock
                Option Grant

            	 
	
               

            	 	
               

            	 	
               

            	 	 	 
	
              Robert
                D. Wachob 

            	 	 	
              33,500
                

            	 	 	
              4,000

            	 	 	
              33,550
                

            	 
	
              President
                and Chief Executive

            	 	 	 	 	 	 	 	 	
            	 
	
              Officer

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
              Dennis
                M. Loughran

            	 	 	
              9,000

            	 	 	
              6,000

            	 	 	
              10,350

            	 
	
              Vice
                President Finance and Chief
                Financial Officer

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
              Robert
                C. Daigle 

            	 	 	
              2,600
                

            	 	 	
              6,000

            	 	 	
              10,350

            	 
	
              Vice
                President, R&D and Chief
                Technology Officer

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
              John
                A. Richie 

            	 	 	
              1,900
                

            	 	 	
              6,000

            	 	 	
              8,550

            	 
	
              Vice
                President, Human Resources

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
              Robert
                M. Soffer 

            	 	 	
              0
                

            	 	 	
              5,750

            	 	 	
              6,200

            	 
	
              Vice
                President, Treasurer and Secretary

            	 	 	 	 	 	 	 	 	
            	 
	
               

            	 	 	 	 	 	 	 	 	
            	 
	
              Paul
                B. Middleton 

            	 	 	
              0
                

            	 	 	
              5,750

            	 	 	
              6,200

            	 
	
              Corporate
                Controller

            	 	 	 	 	 	 	 	 	
            	 
	 	 	 	 	 	 	 	 	 	 	 

    

     

    All
      of the
      above 2006 non-qualified stock options and incentive stock options permit the
      purchase, for up to ten years (unless previously terminated), of the number
      of
      shares of common stock shown above. Such 2006 grants were at an exercise price
      of $48.00 per share, except in the case of Mr. Wachob, whose exercise price
      was
      $47.98 per share. The options granted to Messrs. Loughran, Daigle, Richie,
      Soffer and Middleton vest in one-third increments on the second, third and
      fourth anniversary of the grant date, February 15, 2006. The options granted
      to
      Mr. Wachob vest as follows: (i) the incentive stock option vests as to 2,000
      shares on February 16, 2009 and 2,000 shares on February 16, 2010; and (ii)
      the
      non-qualified stock option vests as to 12,500 shares on February 16, 2008,
      10,500 shares on February 16, 2009, and 10,500 shares on February 16, 2010.
      Collectively, Mr. Wachob's 2006 incentive stock options and non-qualified stock
      options vest in one-third increments. 

    

    All
      of the
      above 2007 non-qualified stock options permit the purchase, for up to ten years
      (unless previously terminated), of the number of shares of common stock shown
      above. Such 2007 grants were at an exercise price of $52.51, except in the
      case
      of Mr. Wachob, whose exercise price was $53.10. All such options vest in
      one-third increments on the second, third, and fourth anniversary of the grant
      date, February 14, 2007, except Mr. Wachob whose grant date was February 15,
      2007. None of the above individuals received an incentive stock option in
      February of 2007.

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    III.
      B.
      EXECUTIVE OFFICER RESTRICTED STOCK GRANTS.

     

    As
      of
      April 28, 2005, executive officers became eligible to receive various types
      of
      equity awards including restricted stock grants.

    

    On
      February 15, 2006 Dennis M. Loughran, Rogers’ new Vice President Finance and
      Chief Financial Officer, was awarded 2,500 shares of restricted common stock,
      at
      a purchase price of $0 and which vest completely on the third anniversary date
      of the grant.

    

    On
      March
      16, 2006, the Compensation and Organization Committee (the “Committee”) of the
      Board of Directors approved awards of restricted stock to certain executive
      officers (the "2006 Awards"). The 2006 Awards are subject to the achievement
      of
      a pre-established performance goal relating to the cumulative annual growth
      in
      earnings per share of Rogers capital stock during fiscal years 2006, 2007 and
      2008 as set by the Committee. No shares of restricted stock will be issued
      unless and until such performance goal is met. 

    

    On
      February 14, 2007, the Committee approved awards of restricted stock to certain
      executive officers and a restricted stock award was made to Mr. Wachob on
      February 15, 2007 (collectively, the "2007 Awards"). The 2007 Awards are subject
      to the achievement of a pre-established performance goal relating to the
      cumulative annual growth in earnings per share of Rogers capital stock during
      fiscal years 2007, 2008 and 2009 as set by the Committee. No shares of
      restricted stock will be issued unless and until such performance goal is met.
      

    

    

    The
      2006
      and 2007 targeted restricted stock awards were granted to the following
      executive officers:

     

    
      	
              Executive
                Officer 

            	
               

            	
              Target
                Number of Shares in 2006

            	
               

            	
              Target
                Number of Shares in 2007

            
	
               

            	
               

            	
               

            	
               

            	 
	
              Robert
                D. Wachob 

            	
               

            	
               

            	
              7,000

            	 	
               5,200

            
	
              President
                and Chief Executive Officer

            	
               

            	
               

            	 	 	
               

            
	 	 	 	 	 	 
	
              Dennis
                M. Loughran

            	 	 	
              2,500

            	
              (1)

            	
              1,450

            
	
              Vice
                President Finance and Chief Financial Officer

            	 	 	 	 	 
	
               

            	
               

            	
               

            	 	 	
               

            
	
              Robert
                C. Daigle 

            	
               

            	
               

            	
              1,600

            	 	
               1,450

            
	
              Vice
                President, R&D and Chief
                Technology Officer

            	
               

            	
               

            	 	 	
               

            
	
               

            	
               

            	
               

            	 	 	
               

            
	
              John
                A. Richie 

            	
               

            	
               

            	
              1,450

            	 	
               1,350

            
	
              Vice
                President, Human Resources

            	
               

            	
               

            	 	 	
               

            
	
               

            	
               

            	
               

            	 	 	
               

            
	
              Robert
                M. Soffer 

            	
               

            	
               

            	
              1,050

            	 	
               1,000

            
	
              Vice
                President, Treasurer and Secretary

            	
               

            	
               

            	 	 	
               

            
	
               

            	
               

            	
               

            	 	 	
               

            
	
              Paul
                B. Middleton 

            	
               

            	
               

            	
              1,050

            	 	
               1,000

            
	
              Corporate
                Controller 

            	
               

            	
               

            	 	 	
               

            

    

     

    (1)
      A time
      based award.

    

    The
      exact
      number of shares of restricted stock that will be issued to each of the
      executive officers listed above will depend upon where the actual performance
      achieved during the three subsequent fiscal years from each grant falls on
      a
      performance scale set by the Committee, which ranges from 0% to 200% of the
      target number of shares specified above. This does not apply to Mr. Loughran’s
      February 15, 2006 grant which was time based.

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    IV.
      RETIREMENT PLANS. 

    

    Rogers
      also maintains the Rogers Corporation Defined Benefit Pension Plan (the "Pension
      Plan"), for which all United States executive officers are eligible. The Pension
      Plan Table below reflects estimated annual benefits payable at age 65, the
      normal retirement age, at various compensation levels and years of service
      pursuant to Rogers' non-contributory defined benefit pension plans for domestic
      salaried employees.

    

    Annual
      Pension Benefits (1) (2) 

    
      	
              Final
                Average

            	
              Years
                of Service

            
	
              Earnings
                (3)

            	
              5
                years

            	
              10
                years

            	
              15
                years

            	
              20
                years

            	
              25
                years

            	
              30
                years

            	
              35
                years

            
	
              $125,000
                

            	
              $9,930
                

            	
              $19,860
                

            	
              $29,790
                

            	
              $39,710
                

            	
              $49,640
                

            	
              $59,570
                

            	
              $62,700
                

            
	
              150,000
                

            	
              12,120
                

            	
              24,230
                

            	
              36,350
                

            	
              48,460
                

            	
              60,580
                

            	
              72,700
                

            	
              76,450
                

            
	
              175,000
                

            	
              14,300
                

            	
              28,610
                

            	
              42,910
                

            	
              57,210
                

            	
              71,520
                

            	
              85,820
                

            	
              90,200
                

            
	
              200,000
                

            	
              16,490
                

            	
              32,980
                

            	
              49,470
                

            	
              65,960
                

            	
              82,450
                

            	
              98,950
                

            	
              103,950
                

            
	
              225,000
                

            	
              18,680
                

            	
              37,360
                

            	
              56,040
                

            	
              74,710
                

            	
              93,390
                

            	
              112,070
                

            	
              117,700
                

            
	
              250,000
                

            	
              20,870
                

            	
              41,730
                

            	
              62,600
                

            	
              83,460
                

            	
              104,330
                

            	
              125,200
                

            	
              131,450
                

            
	
              275,000
                

            	
              23,050
                

            	
              46,110
                

            	
              69,160
                

            	
              92,210
                

            	
              115,270
                

            	
              138,320
                

            	
              145,200
                

            
	
              300,000
                

            	
              25,240
                

            	
              50,480
                

            	
              75,720
                

            	
              100,960
                

            	
              126,200
                

            	
              151,450
                

            	
              158,950
                

            
	
              325,000
                

            	
              27,430
                

            	
              54,860
                

            	
              82,290
                

            	
              109,710
                

            	
              137,140
                

            	
              164,570
                

            	
              172,700
                

            
	
              350,000
                

            	
              29,620
                

            	
              59,230
                

            	
              88,850
                

            	
              118,460
                

            	
              148,080
                

            	
              177,700
                

            	
              186,450
                

            
	
              375,000
                

            	
              31,800
                

            	
              63,610
                

            	
              95,410
                

            	
              127,210
                

            	
              159,020
                

            	
              190,820
                

            	
              200,200
                

            
	
              400,000
                

            	
              33,990
                

            	
              67,980
                

            	
              101,970
                

            	
              135,960
                

            	
              169,950
                

            	
              203,950
                

            	
              213,950
                

            
	
              425,000
                

            	
              36,180
                

            	
              72,360
                

            	
              108,540
                

            	
              144,710
                

            	
              180,890
                

            	
              217,070
                

            	
              227,700
                

            
	
              450,000
                

            	
              38,370
                

            	
              76,730
                

            	
              115,100
                

            	
              153,460
                

            	
              191,830
                

            	
              230,200
                

            	
              241,450
                

            
	
              475,000
                

            	
              40,550
                

            	
              81,110
                

            	
              121,660
                

            	
              162,210
                

            	
              202,770
                

            	
              243,320
                

            	
              255,200
                

            
	
              500,000
                

            	
              42,740
                

            	
              85,480
                

            	
              128,220
                

            	
              170,960
                

            	
              213,700
                

            	
              256,450
                

            	
              268,950
                

            

    

     

    

    

    
      	
              (1)  

            	
              Benefits
                are calculated on a single life annuity basis. 

            
	
               (2)  

            	
              Federal
                law limits the amount of benefits payable under tax-qualified plans,
                such
                as the Rogers Corporation Defined Benefit Pension Plan. Rogers has
                adopted
                a non-qualified retirement plan (the “Pension Restoration Plan”) for: (i)
                the payment of amounts to all plan participants who may be affected
                by
                such federal benefit limitations and other plan provisions; and (ii)
                the
                payment of supplemental amounts to certain senior executives specified
                by
                the Compensation and Organization Committee of the Board of Directors.
                In
                general, the total pension benefit due an individual will be actuarially
                equivalent to the amount calculated under Rogers’ qualified pension plan
                as if such federal benefit limitations did not exist, as if covered
                compensation included amounts deferred under a deferral plan, and
                for
                certain senior executives specified by the Compensation and Organization
                Committee of the Board of Directors, as if covered compensation included
                bonuses paid on or after January 1, 2004, as described in footnote
                3
                below. Accordingly, the benefits shown have not been reduced by such
                limitations or provisions.

            
	
              (3)  

            	
              Final
                average earnings is the average of the highest consecutive five of
                the
                last ten years’ annual earnings as of June 1 of each year. Covered
                compensation includes only salary, whether or not deferred under
                a
                deferral plan, and for certain senior executives over age 55 that
                have
                been specified by the Compensation and Organization Committee of
                the Board
                of Directors, including Messrs. Wachob, Richie, and Soffer, covered
                compensation under the Pension Restoration Plan also includes bonuses
                paid
                on or after January 1, 2004, and will include bonuses paid before
                January
                1, 2004 in the event of their death, disability, or termination of
                employment that results in the payment of severance. If there is
                a change
                in control of Rogers, covered compensation under the Pension Restoration
                Plan for these senior executives and for certain additional senior
                executives that have been specified by the Compensation and Organization
                Committee of the Board of Directors will also include bonuses paid
                before
                January 1, 2004. If there is a change in control of Rogers, the Pension
                Restoration Plan provides that benefits payable under such plan shall
                be
                reduced to an amount so that such benefits would not constitute so-called
                “excess parachute payments” under applicable provisions of the Internal
                Revenue Code of 1986. As of January 1, 2007, the five-year average
                earnings for Messrs. Wachob, Daigle, Richie, Soffer and Middleton,
                and
                their estimated years of credited service are: Mr. Wachob, $539,091
                and 23
                years; Mr. Daigle, $199,170 and 19 years; Mr. Richie, $232,008 and
                30
                years; Mr. Soffer, $214,242 and 28 years and Mr. Middleton $168,948
                and 6
                years. As of January 1, 2007, in the case of Mr. Loughran, earnings
                for
                calculating his pension would currently be based on average earnings
                of
                $260,000 and one year of service.

            

    

     

     

    
      
        8

      

      
        
        

        
          

        

      

      
        
        

      

    

    V.
      TERMINATION OF EMPLOYMENT AND CHANGE OF CONTROL ARRANGEMENTS.

    

    Rogers’
      severance policy for regular, full-time salaried employees provides, in general,
      for continuation of salary payments, health insurance and certain other benefits
      for employees whose employment has been involuntarily terminated. The number
      of
      weeks of salary and benefits continuance is based on length of service. The
      policy may be amended, modified or terminated at any time by Rogers, except
      in
      the case of the executive officers of Rogers as of November 1991. Such officers
      may elect the benefits of either the policy in effect in November 1991, or
      the
      severance policy, if any, which may be in existence at the time each such
      individual’s employment terminates. The right of these executive officers to
      make such an election may be cancelled by Rogers or the executive on three
      years
      written notice. Messrs. Wachob and Soffer would be entitled to 78 weeks of
      salary and benefit continuance upon termination of employment covered by the
      policy in effect in November 1991. 

    

     

    The
      board
      of directors determined that it would be in the best interests of Rogers to
      ensure that the possibility of a change in control of Rogers would not interfere
      with the continuing dedication of Rogers executive officers to their duties
      to
      Rogers and its shareholders. Toward that purpose, Rogers has agreements with
      its
      Chief Executive Officer and certain of its other executive officers which
      provide certain severance benefits to them in the event of a termination of
      their employment during a 36 month period following a change in control, as
      defined in the agreements. The initial term of each agreement is three years
      and
      the term is automatically extended for additional one-year periods each
      anniversary date of the agreements, unless either party objects to such
      extension. If within a 36 month period following a change in control, an
      executive’s employment is terminated without cause, as defined in the
      agreements, or if such executive resigns in certain specified circumstances,
      then the executive is generally entitled to the following severance benefits:
      (i) twice his annual base salary plus bonus; (ii) two years of additional
      pension benefits; and (iii) the continuation of health and life insurance plans
      and certain other benefits for up to two years. The agreements provide that
      severance and other benefits be reduced to an amount so that such benefits
      would
      not constitute so-called “excess parachute payments” under applicable provisions
      of the Internal Revenue Code of 1986.

     

    9

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