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    Exhibit
      10aw

     

    ROGERS
      CORPORATION

    1994
      STOCK
      COMPENSATION PLAN

     

    NON-QUALIFIED
      STOCK OPTION AGREEMENT

    (For
      Employees)

     

     

    Pursuant
      to the Rogers Corporation 1994 Stock Compensation Plan, as amended (the “Plan”),
      Rogers Corporation (the “Company”) hereby grants to ___________________ (the
“Employee” or 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, the Stock Option shall become exercisable
                as
                follows: if the Employee continues in the employ of the Company or
                any
                Subsidiary, as determined pursuant to the Plan, the Stock Option
                will
                become exercisable on the second anniversary of the Grant Date as
                to the
                first one-third of the shares subject to the Stock Option, on the
                third
                anniversary of the Grant Date as to the second one-third, and on
                the
                fourth anniversary of the Grant Date as to the balance; except that
                upon
                the occurrence of a Change in Control (as defined in the Plan) or
                for the
                reasons stated in Sections 2(a) or 2(b) below, the Stock Option shall
                become fully exercisable. The 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 Employee’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 (3) 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 Employee’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 (5) 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 Employee’s employment by the Company and its Subsidiaries has
                terminated 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 (5) years from the date
                of
                such termination of employment or until the tenth anniversary of
                the Grant
                Date, if earlier. If the Employee’s employment by the Company and its
                Subsidiaries has terminated 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 (5) years
                from
                the date of such termination of employment or until the tenth anniversary
                of the Grant Date, if earlier. 

            

    

    
      	 	
              3.

            	
              Manner
                of Exercise.
                The
                Stock Option may be exercised in whole or in part by giving notice
                of
                exercise to the Company, or the Company’s designee, specifying the number
                of shares to be purchased. Payment of the purchase price may be made
                by
                one or more of the following methods:

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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              a.

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

            

    

    
      	 	
              b.

            	
              In
                the form of shares of Capital Stock that the Employee has beneficially
                owned for more than six months and that are not then subject to
                restrictions under any Company plan. Such surrendered shares shall
                be
                valued at Fair Market Value (as defined in the Plan) on the exercise
                date;
                and 

            

    

    
      	 	
              c.

            	
              Delivery
                by a broker of cash, a check or other instrument payable and acceptable
                to
                the Company to pay the Stock Option purchase price; provided that
                in the
                event the Employee chooses to pay the Stock Option purchase price
                as
                provided, the Employee and the broker shall comply with such procedures
                and enter into such agreements of indemnity and such other agreements
                as
                the Company shall prescribe as a condition of such payment procedure.
                

            

    

     

    Payment
      instruments 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 Employee
      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.
                The
                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 shall be exercisable
                during
                the Employee’s lifetime only by the Employee.

            

    

    
      	 	
              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.

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

            

    

    
      	 	
              7.

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

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
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              8.

            	
              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.
                

            

    

    
      	 	
              9.

            	
              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.

            

    

    
      	 	
              10.

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

            

    

    
      	 	
              11.

            	
              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 Employee in employment.
                

            

    

    
      	 	
              12.

            	
              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
                Employee 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. 

            

    

    
      	 	
              13.

            	
              Purchase
                Only for Investment.
                To
                insure the Company’s compliance with the U.S. Securities Act of 1933, as
                amended, the Employee agrees for himself or herself, the Employee’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
                U.S. 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.
                

            

    

    
      	 	
              14.

            	
              Governing
                Law.
                This Agreement and the Stock Option shall be governed by the laws
                of the
                Commonwealth of Massachusetts, U.S.A.

            

    

    
      	 	
              15.

            	
              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 10ax

    Page
      1 of
      4

     

    

      Exhibit
        10ax

       

      ROGERS
        CORPORATION

      1994
        STOCK
        COMPENSATION PLAN

       

      NON-QUALIFIED
        STOCK OPTION AGREEMENT

      (For
        Employees)

       

       

      Pursuant
        to the Rogers Corporation 1994 Stock Compensation Plan, as amended (the “Plan”),
        Rogers Corporation (the “Company”) hereby grants to ______________________ (the
“Employee” or the “Optionee”), a non-qualified stock option (the “Stock Option”)
        to purchase a maximum of _______ shares of capital stock of the Company (the
        “Capital Stock”) at the price of $ ________ per share, subject to the terms of
        this Agreement. The Stock Option is granted as of __________________ (the
“Grant
        Date”).

       

      
        	 	
                1.

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

              

      

      
        	 	
                2.

              	
                Sale
                  of Issued Shares.
                  In
                  the event that the Optionee exercises the Stock Option prior to
                  the fourth
                  anniversary of the Grant Date, except as provided in Section 5
                  below, the
                  shares of Capital Stock acquired upon such exercise (the "Issued
                  Shares")
                  may not be sold, assigned, transferred (including any transfer
                  to the
                  Company in payment of the option price or withholding taxes of
                  any stock
                  option), pledged, given away or in any other manner disposed of
                  or
                  encumbered, by the Optionee until the earliest to occur of: (a)
                  the
                  termination of the Optionee’s employment with the Company and its
                  Subsidiaries by reason of Retirement (as defined in the Plan);
                  (b) the
                  termination of the Optionee’s employment with the Company and its
                  Subsidiaries by reason of death; (c) the termination of the Optionee’s
                  employment with the Company and its Subsidiaries by reason of Disability
                  (as defined in the Plan); (d) the involuntary termination of the
                  Optionee’s employment with the Company and its Subsidiaries by the Company
                  and/or its Subsidiaries for any reason; (e) a Cessation Event
                  Determination Date (as defined in Section 13 below); and (f) the
                  fourth
                  anniversary of the Grant Date (the earliest of such dates or events,
                  the
                  "Restriction Termination Date"). In order to effectuate the foregoing,
                  upon the exercise of the Stock Option prior to the Restriction
                  Termination
                  Date and until the Restriction Termination Date, the Issued Shares
                  shall,
                  at the discretion of the Company, either be retained by the Company
                  and/or
                  shall bear a legend describing the restrictions on the sale of
                  the Issued
                  Shares as described herein. 

              

      

      
        	 	
                3.

              	
                Termination
                  of Stock Option.
                  If
                  the Employee’s employment by the Company and its Subsidiaries terminates
                  for any reason, other than death, Disability, or Retirement (as
                  defined in
                  the Plan and described below), the Stock Option may thereafter
                  be
                  exercised for a period of three (3) 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 Employee’s employment by the Company and its Subsidiaries terminates
                  by reason of death, the Stock Option may thereafter be exercised
                  by the
                  Optionee’s beneficiary for a period of five (5) years from the date of
                  death or until the tenth anniversary of the Grant Date, if earlier.
                  

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
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          of 4

      

       

      
        	 	
                b.

              	
                Termination
                  by Reason of Disability or Retirement.
                  If
                  the Employee’s employment by the Company and its Subsidiaries has
                  terminated by reason of Disability (as defined in the Plan), the
                  Stock
                  Option may thereafter be exercised for a period of five (5) years
                  from the
                  date of such termination of employment or until the tenth anniversary
                  of
                  the Grant Date, if earlier. If the Employee’s employment by the Company
                  and its Subsidiaries has terminated by reason of Retirement (as
                  defined in
                  the Plan), the Stock Option may thereafter be exercised for a period
                  of
                  five (5) years from the date of such termination of employment
                  or until
                  the tenth anniversary of the Grant Date, if earlier.
                  

              

      

      
        	 	
                4.

              	
                Manner
                  of Exercise.
                  The
                  Stock Option may be exercised in whole or in part by giving notice
                  of
                  exercise to the Company, or the Company’s designee, 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 other instrument acceptable to the Company;
                  

              

      

      
        	 	
                b.

              	
                In
                  the form of shares of Capital Stock that the Employee has beneficially
                  owned for more than six months and that are not then subject to
                  restrictions under any Company plan. Such surrendered shares shall
                  be
                  valued at Fair Market Value (as defined in the Plan) on the exercise
                  date;
                  and 

              

      

      
        	 	
                c.

              	
                Delivery
                  by a broker of cash, a check or other instrument payable and acceptable
                  to
                  the Company to pay the Stock Option purchase price; provided that
                  in the
                  event the Employee chooses to pay the Stock Option purchase price
                  as
                  provided, the Employee and the broker shall comply with such procedures
                  and enter into such agreements of indemnity and such other agreements
                  as
                  the Company shall prescribe as a condition of such payment procedure.
                  

              

      

       

      Payment
        instruments 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 Employee
        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.
        

       

      
        	 	
                5.

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

              

      

      
        	 	
                6.

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

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        Page 3
          of 4

      

       

      
        	 	
                7.

              	
                Rights
                  as a Stockholder.
                  The
                  Employee shall have the rights of a stockholder 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. 

              

      

      
        	 	
                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.

              

      

      
        	 	
                11.

              	
                No
                  Obligation to Exercise Stock Option.
                  The
                  grant and acceptance of the Stock Option imposes no obligation
                  on the
                  Employee 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 Employee in employment.
                  

              

      

      
        	 	
                13.

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

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
         

        Page 4
          of 4

      

       

      
        	 	
                14.

              	
                Purchase
                  Only for Investment.
                  To
                  insure the Company’s compliance with the U.S. Securities Act of 1933, as
                  amended, the Employee agrees for himself or herself, the Employee’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
                  U.S. 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, U.S.A.

              

      

      
        	 	
                16.

              	
                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
                  Employee 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. 

              

      

      
        	 	
                17.

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

              

      

       

       

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

       

       

      By:
        Rogers
        Corporation

       

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

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