Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 
  
 

 
  

II-VI INCORPORATED, 375 Saxonburg Boulevard, Saxonburg, PA 16056 

General Offices: 724-352-4455 

AMENDED & RESTATED 

EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of this 26th day of
January, 2020, by and between II-VI INCORPORATED, a Pennsylvania corporation (the “Employer”), and Vincent D. Mattera, Jr. (the “Employee”). 

PREAMBLE 

Employer has employed Employee as its Chief Executive Officer under the terms of an employment agreement between Employer and
Employee dated August 1, 2016 (the “Prior Agreement”). The initial term under the Prior Agreement ended on August 1, 2019, and the Prior Agreement is currently in a one-year renewal
term scheduled to expire on August 1, 2020. Employer desires to continue to employ Employee as its Chief Executive Officer beyond August 1, 2020. This Agreement extends the employment term and updates certain provisions regarding
Employee’s compensation opportunities, especially in light of the acquisition of Finisar Corporation. This Agreement replaces and supersedes the Prior Agreement in its entirety upon becoming effective. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree to the following: 

1.    Employment. Employer shall continue to employ Employee as Chief Executive Officer to perform
such duties as may be determined and assigned to Employee by the Employer from time to time. 

2.    Term. Subject to earlier termination as provided in this Agreement, Employee shall be
employed for a term beginning on August 1, 2019 and ending on August 1, 2023 (the “Initial Term”). Employee’s employment shall automatically be extended for successive additional terms of one (1) year (each a
“Renewal Term”) unless either party gives the other written notice of its intent not to renew at least ninety (90) days prior to the end of the Initial Term or the then current Renewal Term. As used herein,
“Term” shall mean collectively the Initial Term and any Renewal Term(s). Notwithstanding any provision herein to the contrary, Employee’s employment may be terminated prior to the end of the Term in accordance with
Section 10(a) either: (i) by Employee for any reason (i.e., with or without “Good Reason” as defined herein), (ii) by Employer for any reason (i.e., with or without “Cause” as defined herein), or (iii) due to
Employee’s death or Employee having become permanently disabled as reasonably determined by Employer’s board of directors (the “Board of Directors”) or as certified by a qualified physician selected by the Board of
Directors (“Disability”). 

 3.    Compensation. 

(a)    Total Direct Compensation. In consideration of the services to be performed by Employee,
Employer agrees to pay Employee a base salary payable in equal installments at the regularly scheduled pay dates of Employer. In addition to base salary, Employee shall be eligible to receive cash bonuses and annual long-term incentive awards as
Employer shall determine from time to time at Employer’s discretion and consistent with Employer’s senior executive compensation policies and practices as established by the Board of Directors from time to time and exclusive of the
Deferred Compensation Plan contribution described in Section 3(b) (collectively, the “Total Direct Compensation”). Employee’s Total Direct Compensation for Employer’s Fiscal Year 2020 (July 1, 2019 –
June 30, 2020) shall be the amounts shown and described on Exhibit 1, which is attached hereto and incorporated herein. Employee’s base salary may be adjusted from time to time in accordance with Employer’s performance review
processes and policies, provided that in no event will the amount of Employee’s base salary be reduced. 

(b)    Annual Employer Contribution Under the Deferred Compensation Plan. On September 1,
2019, under the terms of the Prior Agreement, Employer credited Employee’s account under Employer’s Nonqualified Deferred Compensation Plan (the “Deferred Compensation Plan”) with an Employer contribution in the amount of
$100,000. As an additional retention incentive for Employee’s service during the Initial Term, Employer shall credit Employee’s account under the Deferred Compensation Plan with an Employer contribution in the following amounts on each the
following dates, provided Employee has not separated from service with Employer prior to such date: 
  

					
	 Date
	  	Amount of Credit	 
	 June 30, 2020
	  	$	150,000	 
	 June 30, 2021
	  	$	450,000	 
	 June 30, 2022
	  	$	700,000	 
	 June 30, 2023
	  	$	1,000,000	 

 Such Employer contributions shall be (i) vested as of the date credited except in the case of involuntary
termination by Employer for Cause, (ii) periodically adjusted for deemed earnings in accordance with the terms of the Deferred Compensation Plan, and (iii) payable to Employee in a single lump sum cash payment upon Employee’s
“separation from service” in accordance with the terms of the Deferred Compensation Plan (subject to any six-month payment delay required by “Section 409A” (as defined herein) and the
terms of the Deferred Compensation Plan). 
 (c)    Other Benefits. Employer also agrees to
provide Employee with fringe benefits and all other benefits from time to time provided to similarly situated executive employees. Employer agrees to provide Employee with life insurance coverage in an amount equal to two (2) times
Employee’s annual base salary. Employer agrees to provide Employee with a long-term disability benefit which will provide Employee with a disability benefit in an amount equal to sixty percent (60%) of his annual base salary in excess of two
hundred thousand dollars ($200,000) (“Supplemental Disability Benefit”). The Supplemental Disability Benefit will be payable to Employee provided Employee has satisfied and continues to satisfy the eligibility provisions and been
determined to be disabled under Employer’s long-term disability plan provided to all employees of Employer. Employer shall pay directly 

  
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to Employee the Supplemental Disability Benefit in equal monthly installments, subject to all applicable withholding as required by law, and shall provide Employee with the Supplemental
Disability Benefit until Employee attains the age of sixty-six (66). Employee shall be eligible to receive five (5) weeks of vacation per year. 

4.    Full Time, Best Efforts and Conduct. Employee covenants and agrees to devote all of
Employee’s business time and efforts to the faithful performance of the duties assigned to Employee from time to time by Employer, except to the extent that Employer expressly permits Employee to engage in outside activities during business
hours. Employer and Employee acknowledge that from time to time, Employee may either desire or be asked by Employer to engage in business activities or perform business services for the benefit of third parties, such as, e.g., serving as an outside
director or consultant for another company. In each case, Employee’s involvement in such business activities or services shall be subject to the mutual agreement and approval of both Employer and Employee. Employee shall at all times engage in
conduct in accordance with the highest standards of ethics and shall take no action that will harm the reputation of Employer. To every extent not inconsistent with the terms of this Agreement, the terms and conditions of Employee’s employment
are also governed by Employer’s personnel policies and employee handbook, as they may be issued and amended from time to time. 

5.    Confidential Information. 

(a)    Nondisclosure and Non-use. Both during the term of
Employee’s employment with Employer and thereafter, Employee covenants and agrees that Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of Employer and its Affiliates; (ii) shall
not disclose to any third party any Confidential Information, except as may be required by Employer in the course of Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for Employee’s own benefit or for
the benefit of another, any Confidential Information. Employee acknowledges that Confidential Information has been and will be developed and acquired by Employer and its Affiliates by means of substantial expense and effort, that the Confidential
Information is a valuable proprietary asset of Employer’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to Employer’s and its Affiliates’ business. For purposes of this
Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control with Employer. 

(b)    Definition of Confidential Information. “Confidential Information” means
all information of a confidential or proprietary nature, whether or not specifically labeled or identified as “confidential,” in any form or medium, that is or was disclosed to, or developed or learned by, Employee in connection with
Employee’s past, present or future employment with Employer and that relates to the business, products, services, research or development of any of the Employer or its Affiliates or their suppliers, distributors or customers. Confidential
Information includes, but is not limited to, the following: (i) internal business information (including, but not limited to, information relating to strategic plans and practices, business, training, marketing, promotional and sales plans and
practices, cost, rate and pricing structures, accounting and business methods); (ii) identities of, individual requirements of, specific contractual arrangements with, and information about, any of Employer’s, or any of its Affiliates’,
suppliers, distributors and customers and their confidential information; (iii) trade secrets, know-how, compilations of data and analyses, techniques, systems, formulae, research, records, reports,
manuals, documentation, models, data and data bases relating thereto; (iv) inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar 

  
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or related information (whether or not patentable); and (v) other information or thing that has economic value, actual or potential, from not being generally known to or not being readily
ascertainable by proper means by other persons. 
 (c)    Not Confidential Information.
Confidential Information shall not include information that Employee can demonstrate: (i) is publicly known through no wrongful act or breach of obligation of confidentiality; (ii) was rightfully received by Employee from a third party
without a breach of any obligation of confidentiality by such third party; or (iii) was known to Employee on a non-confidential basis prior to the Employee’s employment with Employer. 

(d)    Presumption of Confidentiality. In any judicial proceeding, it will be presumed that the
Confidential Information constitutes protectable trade secrets and Employee will bear the burden of proving that any Confidential Information is publicly or rightfully known by Employee. 

(e)    Return of Confidential Information and Materials. Employee agrees to return to Employer
either before or immediately upon the termination of Employee’s employment with Employer any and all information, materials or equipment which constitutes, contains or in any way relates to the Confidential Information and any other document,
equipment or materials of any kind relating in any way to the business of Employer in the possession, custody or control of Employee which was obtained by Employee during the course of or as a result of Employee’s employment with Employer
whether confidential or not, including, but without limitation, any copies thereof which may have been made by or for Employee. Employee shall also provide Employer, if requested to do so, the name of the new employer of Employee and Employer shall
have the right to advise any subsequent employer of Employee’s obligations hereunder. 

6.    Inventions. 

(a)    Ownership of Inventions. Any and all developments, discoveries, inventions, enhancements,
modifications and improvements (collectively, “Inventions”) created or developed by Employee alone or with others during the term of Employee’s employment, whether or not during working hours and whether on Employer’s
premises or elsewhere, shall be deemed works for hire and will be the sole and exclusive property of Employer if the Invention is: 

(i)    within the scope of Employee’s duties assigned or implied in accordance with
Employee’s position; or 
 (ii)    a product, service, or other item which would be
in competition with Employer Products or which is related to Employer Products, whether presently existing, under development, or under active consideration; or 

(iii)    in whole or in part, the result of Employee’s use of Employer’s
resources, including, without limitation, personnel, computers, equipment, facilities or otherwise. 

(b)    Assignment of Inventions. Employee shall promptly and fully disclose all Inventions to
Employer and shall cooperate and perform all actions reasonably requested by Employer to establish, confirm and protect Employer’s right, title and interest in each such Invention. During the term of Employee’s employment with Employer and
after termination of such employment, if Employer should then so request, Employee agrees to assign and does hereby assign to Employer all rights in the Inventions. Employee agrees to execute and deliver to Employer any instruments Employer deems
necessary to vest in 

  
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Employer the sole title to and all exclusive rights in the Inventions. Employee agrees to execute and deliver to Employer all proper papers for use in applying for, obtaining, maintaining,
amending and enforcing any legal protections as Employer may desire. Employee further agrees to assist fully Employer or its nominees in the preparation and prosecution of any litigation connected with the Inventions. If Employer is unable because
of Employee’s mental or physical incapacity or for any other reason (including, but without limitation, Employee’s refusal to do so after request therefor is made by Employer) to secure Employee’s signature to apply for or to pursue
any application for any United States or foreign patents or copyright registrations covering Inventions belonging to or assigned to Employer pursuant to this Agreement, then Employee hereby irrevocably designates and appoints Employer and its duly
authorized officers and agents as Employee’s agent and attorney-in-fact to act for and on Employee’s behalf and stead to execute and file any such applications
and to do all other lawfully permitted acts to further the prosecution and issuance of patents or copyright registrations thereon with the same legal force and effect as if executed by Employee. 

7.    Non-Competition. Employee covenants and agrees that
during the term of Employee’s employment with the Employer and for a period of two (2) years after the date of termination of the Employee’s employment hereunder for any reason (the “Restricted Period”), Employee
shall not, directly or indirectly, for the benefit of Employee or others, either as an employee, principal, agent, stockholder, consultant or in any other capacity, engage in or have a financial interest in any Competitor within the Restricted
Territory. Notwithstanding the foregoing, nothing herein shall prohibit the Employee from being a passive owner of not more than 2% of the outstanding securities of any class of a corporation which is publicly traded, so long as Employee has no
active participation in the business of any such corporation. 
 For purposes of this Agreement: 

(a)    “Competitor” shall mean any corporation, limited liability company,
partnership, sole proprietorship or other person or entity who is involved or is engaged in the design, manufacture, purchasing, distribution, sale, assembly, provision or marketing of any products or services that are the same as or similar to
Employer Products. 
 (b)    “Employer Products” shall mean any products
or services: 
 (i)    designed, manufactured, purchased, distributed, sold, assembled,
provided and/or marketed by Employer or its Affiliates; or 
 (ii)    that Employer or
its Affiliates has planned to design, manufacture, purchase, distribute, sell, assemble, provide or market, and for which Employee has provided services or over which Employee had direct or indirect managerial or supervisory authority or about which
Employee received Confidential Information. 
 (c)    “Restricted
Territory” means anywhere in the world where Employer’s Products are designed, manufactured, assembled, marketed or sold. 

This covenant on the part of Employee shall be construed as an agreement independent of any other provision of this Agreement;
and the existence of any claim or cause of action of Employee against Employer, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by Employer of this covenant. Employee expressly agrees that the
restrictions of this Section 7 

  
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will not prevent Employee from otherwise obtaining gainful employment upon termination of Employee’s employment with Employer. 

8.    Non-Solicitation of Business Associates. During the
Restricted Period, Employee shall not directly or indirectly induce, solicit or encourage any customer, supplier or other business associate of Employer or an Affiliate to terminate or alter its relationship with Employer or Affiliate, or introduce,
offer or sell to or for any customer or business associate, any products or services that compete with the Employer Products. 

9.    Non-Solicitation of Employees. During the Restricted
Period, Employee shall not, directly or indirectly, induce, solicit or encourage any employee of Employer or its Affiliates to terminate or alter his, her or its relationship with Employer or its Affiliates. 

10.    Termination. 

(a)    Termination Date and Procedures. If the Agreement is not renewed in accordance with
Section 2, Employee’s employment will automatically end upon the end of the applicable Initial Term or Renewal Term. Employee’s employment may also be ended earlier as follows: 

(i)    Death. Employment hereunder shall terminate automatically upon
Employee’s death. 
 (ii)    Disability. Employment hereunder shall terminate
upon written notice to Employee by the Board of Directors of termination due to Disability. 

(iii)    By Employer. Employer may terminate Employee’s employment hereunder
without Cause upon ninety (90) days’ advance written notice to Employee. Employer may terminate Employee’s employment immediately for Cause, subject to any applicable notice and cure requirements as specified in the definition of
“Cause” below. 
 (iv)    By Employee. Employee may terminate employment
hereunder without Good Reason upon ninety (90) days’ advance written notice to Employer. Employee may terminate employment hereunder for Good Reason, subject to the applicable notice and cure requirements as specified in the definition of
“Good Reason” below. 
 (b)    Termination Without Cause or by Employee for Good
Reason. If (i) Employer terminates Employee without Cause, (ii) the Term of the Agreement is not renewed under Section 2 by action of the Employer without Cause, or (iii) Employee terminates his employment for Good Reason,
except when such termination is coincident with or within a twenty-four (24) month period following the occurrence of a Change in Control, Employer shall pay Employee severance pay in an amount equal to two (2) multiplied by
Employee’s Average Annual Income; provided, however, that if such termination of employment occurs after Employee has attained age seventy (70), the amount shall equal one (1) times Employee’s annual rate of base salary.
In addition, Employer shall pay to Employee an amount equal to the product of (A) eighteen (18) and (B) the full total monthly premium cost (i.e., Employee’s and Employer’s portion) for Employee’s Healthcare Coverage. The
amounts payable under this Section 10(b) will be paid to Employee no later than sixty (60) days after the date of termination, subject to the conditions of Section 10(g). The severance pay will not be considered compensation for the
purpose of any other fringe benefit program of Employer. 

  
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 (c)    Termination on Death or Disability or by
Employee without Good Reason.    On termination of Employee’s employment as a result of Employee’s death or Disability, Employer shall pay to Employee or his personal representative on behalf of the estate of
Employee, his annual base salary through the last day of the fiscal year in which the date of death or Disability occurs and payment of any bonuses that would have been paid to Employee for such fiscal year had Employee remained employed by
Employer, which bonuses shall not be prorated because Employee was not employed for the full fiscal year. Any such payments shall be made not later than the 15th day of the third month following Employer’s fiscal year in which such death or
Disability occurs. On the termination of employment by Employee for other than Good Reason, Employer shall promptly pay to Employee any unpaid annual base salary and bonuses, on a pro rata basis, earned by Employee up to the date of termination in
accordance with Employer’s established payroll practices. 
 (d)    Termination after Change in
Control. If (i) Employer terminates Employee’s employment without Cause, (ii) the Term of the Agreement is not renewed under Section 2 by action of the Employer without Cause, or (iii) Employee terminates Employee’s
employment for Good Reason, and in each such case such termination is coincident with or within a twenty-four (24) month period following the occurrence of a Change in Control, Employer shall pay Employee severance pay in an amount equal to
three (3) multiplied by Employee’s Average Annual Income. The severance pay will be paid to Employee within the period specified in Section 10(d)(iv) below after the expiration of any applicable revocation periods set forth in the
Release required under Section 10(g)(i) below. This severance payment will not be considered compensation for the purpose of any other fringe benefit plan of Employer. 

(i)    In addition, Employer shall cause any unvested Equity Awards held by Employee to
become fully vested and, if applicable, shall cause each such Equity Award to remain exercisable for the period set forth in the applicable Equity Awards Agreement. For the avoidance of any doubt, the provisions of this Section 10(d)(i) shall
supersede the provisions contained in the applicable Equity Award Agreements, provided that the provisions of the Equity Award Agreements will control to the extent such provisions are more favorable to Employee. In the case of any performance-based
Equity Awards, “full vesting” means vesting based on the level of performance adjustment determined under the terms of the applicable Equity Award Agreement in connection with the Change in Control. 

(ii)    In addition, Employer shall pay to Employee an amount equal to the product of
(A) twenty-four (24) and (B) the full total monthly premium cost (i.e., Employee’s and Employer’s portion) for Employee’s Healthcare Coverage. 

(iii)    In addition, Employer shall pay Employee a lump sum cash payment of Forty Thousand
Dollars ($40,000.00) in order to cover the cost of post-termination benefit coverage and expenses associated with seeking another employment position. 

(iv)    All payments to be made pursuant to this Section 10(d) shall be made, in lump
sum, no later than sixty (60) days after the date of termination. 
 (e)    Special Retirement
Provisions for Equity Awards. Notwithstanding any provision of this Agreement to the contrary, if Employee’s employment with the Company terminates at any time on or after the date he attains age 65 for any reason, whether voluntary or
involuntary, other than a termination by the Company for Cause, then the following vesting treatment shall apply to any 

  
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outstanding Equity Awards granted from and after the date of this Agreement: (i) stock options shall continue to vest and become exercisable in accordance with the applicable vesting
schedule and remain exercisable for the full option term; (ii) time-vesting restricted stock units shall immediately vest in full; and (iii) performance-vesting awards (including performance share units) shall continue to vest in full
(i.e., not prorated) upon completion of the applicable performance period based on actual performance results; provided, however, that if such termination of employment occurs before the end of the Initial Term, performance-vesting
awards shall be prorated for the portion of the performance period completed unless aggregate performance results for the performance period are achieved at 100% of target or greater (in which case the award as adjusted for performance will vest in
full as otherwise provided by this Section). For the avoidance of any doubt, the provisions of this Section shall supersede the provisions contained in the applicable Equity Award Agreements, provided that the provisions of the Equity Award
Agreements will control to the extent such provisions are more favorable to Employee. 

(f)    Adjustments to Payments. 

(i)    Anything in this Agreement to the contrary notwithstanding, in the event it shall be
determined that any payment or distribution by Employer to Employee or for Employee’s benefit (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (the “Payments”) would
be subject to the excise tax imposed by Section 4999 (or any successor provisions) of the Internal Revenue Code of 1986, as amended (the “IRC”), or any interest or penalty is incurred by Employee with respect to such excise tax
(such excise tax, together with any such interest and penalties, is hereinafter collectively referred to as the “Excise Tax”), then the Payments shall be reduced (but not below zero) if and to the extent that such reduction would
result in Employee retaining a larger amount, on an after-tax basis (taking into account federal, state and local income taxes and the imposition of the Excise Tax), than if Employee received all of the
Payments. Employer shall reduce or eliminate the Payments, by first reducing or eliminating the portion of the Payments which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with
payments or benefits which are to be paid the farthest in time from the determination. 

(ii)    All determinations required to be made under this Section, including whether and
when an adjustment to any Payments is required and, if applicable, which Payments are to be so adjusted, shall be made by an independent accounting firm selected by Employer from among the four (4) largest accounting firms in the United States
or any nationally recognized financial planning and benefits consulting company (the “Accounting Firm”) which shall provide detailed supporting calculations both to Employer and to Employee within fifteen (15) business days of
the receipt of notice from Employee that there has been a Payment, or such earlier time as is requested by Employer. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change
in Control, Employer shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the
Accounting Firm shall be borne solely by Employer. If the Accounting Firm determines that no Excise Tax is payable by Employee, it shall furnish Employee with a written opinion that failure to report the Excise Tax on Employee’s applicable
federal income tax return would not result in the imposition of a negligence or similar penalty. Any determination by the Accounting Firm shall be binding upon Employer and Employee. 

  
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 (g)    Conditions to Receipt of
Severance Benefits/Repayment of Severance Benefits. 
 (i)    As a condition to
receiving any severance benefits to which Employee may otherwise be entitled under Sections 10(b) and 10(d) of this Agreement (the “Severance Benefits”), Employee shall execute, deliver and not revoke a release and waiver (the
“Release”), in a form provided by Employer to be substantially in the form as attached hereto as Exhibit 2, of any claims, whether arising under Federal, state or local statute, common law or otherwise, against Employer and
its Affiliates. Unless otherwise required by applicable law, the Release must be executed by Employee within twenty-one (21) days (or, if required by law, forty-five (45) days) of the date of
termination; provided, however, in all cases, the Release must become final, binding and irrevocable prior to the sixtieth (60th) day following Employee’s date of termination. If Employee
fails or otherwise refuses to execute a Release within the time specified herein, or revokes the Release, Employee will not be entitled to any such Severance Benefits and Employer shall have no further obligations with respect to the payment of the
Severance Benefits. In addition, if following a termination of employment that gives Employee a right to the payment of Severance Benefits, Employee engages in any activities that would have violated any of the covenants in Sections 5, 6, 7, 8 or 9
of this Agreement, Employee shall have no further right or claim to any Severance Benefits from and after the date on which Employee engages in such activities and Employer shall have no further obligations with respect to the payment of the
Severance Benefits. 
 (ii)    If Employee violates any of Employee’s obligations
set forth in Sections 5, 6, 7, 8 or 9 of this Agreement, Employer after becoming aware of such violation may provide written notice of such violation or breach to Employee and request repayment of Severance Benefits. Employee agrees that, in the
event of such a violation, within thirty (30) days after the date Employer provides notice to Employee, Employee shall pay to Employer, in a form acceptable to Employer, a dollar amount equal to any Severance Benefits paid to or on behalf of
Employee pursuant to this Agreement. The parties agree that during the thirty (30) day period, they will use their best efforts to resolve the issues. Employee agrees that failure to make such timely payment to Employer constitutes an
independent and material breach of the terms and conditions of this Agreement, for which Employer may seek recovery of the unpaid amount as liquidated damages, in addition to all other rights and remedies that Employer may have resulting from
Employee’s breach of the obligations set forth in Sections 5, 6, 7, 8 or 9 of this Agreement. Employee agrees that timely payment to Employer as set forth in this Section 10(g)(ii) is reasonable and necessary because the compensatory
damages that will result from breaches of Sections 5, 6, 7, 8 or 9 of this Agreement cannot readily be ascertained. Further, Employee agrees that timely payment to Employer as set forth in this Section 10(g)(ii) is not a penalty, and it does
not preclude Employer from seeking all other remedies including injunctive relief that may be available to Employer. 

(h)    Section 409A/Termination of Employment. The provisions of this Agreement will be
administered, interpreted and construed in a manner intended to comply with Section 409A of the IRC (“Section 409A”), the regulations issued thereunder or any exception thereto (or disregarded to the extent
such provision cannot be so administered, interpreted, or construed). 
 (i)    For
purposes of the Agreement, Employee shall be considered to have experienced a termination of employment only if Employee has terminated employment with Employer and all of its controlled group members within the meaning of Section 409A. For

  
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purposes hereof, the determination of controlled group members shall be made pursuant to the provisions of Sections 414(b) and 414(c) of the IRC; provided that the language “at least 50
percent” shall be used instead of “at least 80 percent” in each place it appears in Section 1563(a)(1),(2) and (3) of the IRC and Treas. Reg. § 1.414(c)-2; provided, further,
where legitimate business reasons exist (within the meaning of Treas. Reg. § 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each
place it appears. Whether Employee’s employment has been terminated shall be determined by all of the facts and circumstances and in accordance with the guidance issued under Section 409A of the IRC. 

(ii)    For purposes of Section 409A, each severance benefit payment shall be treated
as a separate payment. Each payment under this Agreement is intended to be excepted from Section 409A to the maximum extent provided under Section 409A as follows: (1) each payment that is scheduled to be made following
Employee’s termination date and within the applicable two and one-half (21⁄2) month period specified in Treas.
Reg. § 1.409A-1(b)(4) is intended to be excepted under the short-term deferral exception as specified in Treas. Reg. § 1.409A-1(b)(4); (2) post-termination
medical benefits are intended to be excepted under the medical benefits exception as specified in Treas. Reg. § 1.409A-1(b)(9)(v)(B); and (3) each payment that is not otherwise excepted under the
short-term deferral exception or medical benefits exception is intended to be excepted under the involuntary pay exception as specified in Treas. Reg. § 1.409A-1(b)(9)(iii). Employee shall have no right
to designate the date of any payment under this Agreement. 
 (iii)    With respect to
payments subject to Section 409A (and not excepted therefrom), if any, it is intended that each payment is paid on permissible distribution event and at a specified time consistent with Section 409A. Employer reserves the right to
accelerate and/or defer any payment to the extent permitted and consistent with Section 409A. Notwithstanding any provision of this Agreement to the contrary, to the extent that a payment hereunder is subject to Section 409A (and not
excepted therefrom) and payable on account of a termination of employment, such payment shall be delayed for a period of six months after the date of termination (or, if earlier, the death of the Employee) if the Employee is a “specified
employee” (as defined in Section 409A and determined in accordance with the procedures established by Employer). Any payment that would otherwise have been due or owing during such six (6) month period will be paid immediately
following the end of the six (6) month period in the month following the month containing the six (6) month anniversary of the date of termination. 

(i)    Definitions. For purposes of this Agreement, the following definitions shall have the
following meanings: 
 (i)    “Average Annual Income” means an amount
equal to (A) the sum of Employee’s annual base salary and annual cash bonuses for the three (3) fiscal years of Employer preceding the date of Employee’s termination of employment divided by (B) three (3). 

(ii)    “Cause” shall mean a determination by the Board of Directors, in
the exercise of its reasonable judgment that any of the following has occurred: 

(1)    the willful and continued failure by Employee to perform Employee’s duties and
responsibilities with Employer under the Agreement (other than any such 

  
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failure resulting from incapacity due to physical or mental illness or disability) which is not cured within thirty (30) days of receiving written notice from Employer specifying in
reasonable detail the duties and responsibilities which Employer believes are not being adequately performed; 

(2)    the willful engaging by Employee in any act which is materially damaging to
Employer; 
 (3)    the conviction of Employee of, or a plea of “guilty” or
“no contest” to: (A) any felony; or (B) a criminal offense involving fraud, dishonesty or other moral turpitude; 

(4)    any material breach by Employee of the terms of the Agreement; or 

(5)    the engaging by Employee in any intentional act of dishonesty resulting or intended
to result, directly or indirectly, in personal gain to Employee at Employer’s expense. 

(iii)    “Change in Control” shall be deemed to have occurred when: 

(1)    Employer is merged or consolidated with another entity the result of which is that
immediately following such transaction (A) the persons who were the shareholders of Employer immediately prior to such transaction have less than a majority of the voting power of Employer or the entity owning or controlling Employer; or
(B) the individuals who comprised the Board of Directors of Employer immediately prior to such transaction cease to be at least a majority of the members of the Board of Directors of Employer or of the entity controlling Employer, or 

(2)    a majority of Employer’s assets are sold or otherwise transferred to another
corporation not controlled by or under common control with Employer or to a partnership, firm, entity or one or more individuals not so controlled, or 

(3)    a majority of the members of Employer’s Board of Directors consists of persons
who were not nominated for election as directors by or on behalf of Employer’s Board of Directors or with the express concurrence of the Employer’s Board of Directors, or 

(4)    a single person, or a group of persons acting in concert, obtains voting control
over a majority of Employer’s outstanding voting shares. 
 (iv)    “Equity
Award” means an award granted to Employee covering the common stock of Employer, including stock options, restricted stock, restricted stock units, and performance stock units, granted under any equity incentive plan maintained by Employer
from time to time, including: (1) the II-VI Incorporated 2005 Omnibus Incentive Plan, (2) the II-VI Incorporated 2009 Omnibus Incentive Plan, (3) the II-VI Incorporated Second Amended and Restated 2012 Omnibus Incentive Plan, (4) the II-VI Incorporated 2018 Omnibus Incentive Plan, or (5) any successor plan(s)
thereto. 

  
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22 

 (v)    “Equity Award
Agreement” means the agreement evidencing, and governing the terms of, an Equity Award. 

(vi)    “Good Reason” means, without Employee’s express written
consent: 
 (1)    a reduction in title or position; 

(2)    a material reduction of Employee’s employment responsibilities; 

(3)    a material reduction by Employer of (i) Employee’s annual rate of base
salary, (ii) Employee’s target Total Direct Compensation under Section 3(a) to a level below 50th percentile of the Employer’s compensation competitor group as determined by the Board of Directors from time to time, or
(iii) the annual Employer contribution under the Deferred Compensation Plan under Section 3(b), in each case as provided as in effect immediately prior to such reduction; 

(4)    a material increase in the amount of Employee’s business travel which produces
a constructive relocation of Employee; or 
 (5)    a material reduction by Employer in
the kind or level of employee benefits to which Employee is entitled immediately prior to such reduction with the result that Employee’s overall benefits package is significantly reduced. 

In order for Employee to terminate for Good Reason: Employer must be notified by Employee in writing within ninety
(90) days of the event constituting Good Reason; the event must remain uncorrected by Employer for thirty (30) days following such notice (the “Notice Period”); and such termination must occur within sixty (60) days
after the expiration of the Notice Period. 
 (vii)    “Healthcare
Coverage” means coverage for Employee and his tax-qualified dependents under Employer’s group health plan that provides medical care (including group dental and vision), based on the applicable
plans and Employee’s coverage elections in effect immediately prior to the Employee’s date of termination of employment. Employer’s group health plan does not include other benefits offered under an Employer welfare plan such as life
insurance and disability insurance. 
 11.    Remedies. 

(a)    Arbitration. Except to the extent set forth in Section 11(b) below, any dispute arising
out of or relating to this Agreement or the breach, termination or validity hereof shall be finally settled by arbitration conducted expeditiously in accordance with the rules of the American Arbitration Association by three independent and
impartial arbitrators. Each party shall appoint one of such arbitrators, and the two arbitrators so appointed shall appoint the third arbitrator. The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. §§ 1-16, and judgment on the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of arbitration shall be Pittsburgh, Pennsylvania. The arbitrators are not empowered to
award damages in excess of economic and compensatory damages. 

  
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 (b)    Injunctive Relief. It is agreed by the
parties hereto that any violation by Employee of any of the covenants contained in Sections 5, 6, 7, 8 or 9 herein would cause immediate, material and irreparable harm to Employer and/or its Affiliates which may not be adequately compensated for by
money damages and, therefore, Employer and/or its Affiliates shall be entitled to injunctive relief (including, without limitation, one or more preliminary injunctions and/or ex parte restraining orders) in addition to, and not in derogation of, any
other remedies provided by law, in equity or otherwise for such a violation including, but not limited to, the right to have such covenants specifically enforced by any court of competent jurisdiction and the right to require Employee to account for
and pay over to Employer and/or its Affiliates all benefits derived or received by Employee as a result of any such breach of covenant together with interest thereon, from the date of such initial violation until such sums are received by Employer
and/or its Affiliates. The Restricted Period set forth herein shall be extended by any period of time in which Employee is in breach of the covenants contained in Sections 5, 6, 7, 8 or 9 of this Agreement and for any period of time which may
be necessary to secure an order of court or injunction, either temporary or permanent, to enforce any of the covenants contained in Sections 5, 6, 7, 8 or 9 of this Agreement. 

(c)    Employee Acknowledgment. Employee acknowledges and agrees that the periods of restriction
and geographical areas of restriction imposed by the confidentiality and non-competition covenants of this Agreement are fair and reasonably required for the protection of Employer and its Affiliates. 

12.    Severability. In the event that, and if for any reason, any portion of this Agreement shall
be held to be invalid or unenforceable, it is agreed that the remaining covenants and restrictions or portions thereof shall remain in full force and effect, and that if the validity or unenforceability is due to the unreasonableness of the time or
geographical area covered by said covenants and restrictions, said covenants and restrictions of this Agreement shall nevertheless be effective for such period of time and for such area as may be determined to be reasonable by a Court of competent
jurisdiction. 
 13.    Disparaging Statements. Both parties agree not to make any disparaging
statements that reflect negatively on the reputation or good name of the other. 
 14.    Entire
Agreement; Amendments; No Waiver. This Agreement supersedes the Prior Agreement and any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Employee by Employer and contains all of
the covenants and agreements between the parties with respect to such employment in any manner whatsoever, provided that this Agreement does not supersede, replace or modify in any respect any indemnification agreement between Employer and Employee.
No alterations, amendments, changes or additions to this Agreement will be binding upon either Employer or Employee unless in writing and signed by both parties. No waiver of any right arising under this Agreement made by either party will be valid
unless set forth in writing signed by both parties. Notwithstanding the foregoing or any provision of this Agreement to the contrary, Employer may at any time (after consultation with Employee) modify, amend or terminate any or all of the provisions
of this Agreement or take any other action, to the extent necessary or advisable to conform the provisions of this Agreement or the benefits provided thereunder with Section 409A, the regulations issued thereunder or an exception thereto. 

15.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. 

  
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 16.    Employee’s Representations. Employee
warrants and represents that, to the best of Employee’s knowledge, Employee has provided Employer with copies of all agreements with previous employers that may still be applicable and that Employee’s performance under this Agreement will
not violate any agreement to which Employee is a party and that Employee will not bring any materials which are proprietary to a third party to Employer without the prior written consent of such third party. 

17.    Binding Effect. This Agreement is binding upon the parties hereto and on their respective
heirs, personal representatives, successors and assigns. Employee agrees that the obligations contained in Sections 5, 6, 7, 8 and 9 of this Agreement will survive the termination of this Agreement. 

18.    Assignment. Employee’s rights and obligations under this Agreement shall not be
transferable by Employee, by assignment or otherwise, and any purported assignment, transfer or delegation thereof by Employee shall be void. Employer may assign/delegate all or any portion of this Agreement whereupon Employee shall continue to be
bound hereby with respect to such assignee/delegatee, without prior notice to Employee and without need of Employee’s consent thereto. In addition to and without limiting the Employer’s right to assign, transfer, or convey this Agreement
or any portion of it, Employee recognizes that Employer may assign the Employee temporarily or permanently to one or more Affiliates of Employer. In such event, all of Employee’s duties under this Agreement shall apply with equal force to the
Affiliate(s), and the Affiliate(s) shall be empowered to stand in the shoes of the Employer for purposes of enforcing this Agreement. 

19.    Counterparts. This Agreement may be executed in multiple counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. 
 [SIGNATURES ON NEXT PAGE] 

  
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22 

 IN WITNESS WHEREOF, the parties hereto intending to be legally bound have
set their hands and seals the day and year first above written. 
  

			
	 II-VI INCORPORATED

		
	 By:
	 	 /s/ Walter R. Bashaw II

		 	 Walter R. Bashaw II, President

	
	 EMPLOYEE:

	
	 /s/ Vincent D. Mattera, Jr.

	 Vincent D. Mattera, Jr.

  
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22 

 Exhibit 1 
  

	1.	 Total Direct Compensation for Fiscal Year 2020 (July 1, 2019 - June 30, 2020)

 Target Total Direct Compensation on an annualized basis of $7,439,998, as follows: 

 

							
	 Compensation
Element
	  	FY20
Target
Amount	 	  	 Comment

	 Base Salary
	  	$	920,200	 	  	This amount approximates 50th percentile CEO base salary versus approved compensation competitor group (based on the combined business following the closing of the Finisar acquisition). This change is effective August 1,
2019.
			
	 Target STI
BIP
GRIP
Total
	  	$
 $
 $
	153,673
 1,655,575

1,809,248
	 
  
  
	  	     
 BIP based on standard
target of 16.7% of base salary

			
	 Equity
	  	$	4,710,550	 	  	Awarded 30% stock options, 30% time-vesting restricted shares and 40% performance shares, on the date approved by the Compensation Committee of the Board of Directors, following standard practice for determining number of
shares/options, standard vesting conditions and standard award agreement forms as generally applicable to senior executive officers and approved by the Board of Directors
			
	 TDC
	  	$	7,439,998	 	  	FY20 target amount determined by Board of Directors, with advice and analysis of compensation consultant, approximates 50th percentile versus approved compensation competitor group (based on the combined business following the
closing of the Finisar acquisition)

  
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22 

 Exhibit 2 

Form of Release 

AGREEMENT AND GENERAL RELEASE 

THIS AGREEMENT (“Agreement”) dated as of the
             day of             , 20    , 

BY AND BETWEEN 
 II-VI INCORPORATED, 
 a Pennsylvania corporation (“Employer”) 

AND 

                       
         , an individual, (“Employee”) 
 W I T N E S E T H: 

WHEREAS, Employee has been employed by Employer as a
                                ; 

WHEREAS, effective as of             ,
20     (the “Separation Date”), Employee’s position with Employer has been terminated; and 

WHEREAS, the parties desire to meet and conclude certain aspects of the employment relationship. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the
parties hereto for themselves and their respective heirs, personal representatives, successors and assigns, hereby agree as follows: 
  

	 	1.	 Releases. 

(a)    Employee, for Employee and Employee’s heirs, administrators, and assigns, irrevocably and
unconditionally generally releases and forever discharges any causes of action or claims, known or unknown (including, but not limited to, claims for attorneys’ fees, expenses and/or costs) that Employee has or may have against
(a) Employer, (b) its or their past or present parents, affiliates or subsidiaries and/or any of their predecessors or successors and (c) the current and former directors, owners, administrators, shareholders, managers, agents, and
officers of Employer (collectively referred to as “Company”) and expressly waives and releases Company from any and all claims, grievances, actions and causes of action, at law or in equity, contract or tort, including negligence, or any
other cause or claim that has or may have or could be brought before any federal, state, local or municipal court directly or indirectly relating to or connected with Employee’s employment with Company, Employee’s termination from
employment with Company, or the facts, circumstances, actions or inactions arising out of or relating to any aspect of Company’s treatment of Employee until the date of this Agreement. Without limitation of the foregoing general terms, this
release includes, but is not 

  
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22 

 
limited to, claims (including for costs and attorneys’ fees) arising from any alleged violation of any federal, state or local statutes, ordinances, executive orders, or common law
principles relating to tort law, education, employment, the payment of wages and benefits, educational benefits, training, or any other claims relating to or arising from, in connection with or during Employee’s employment and/or affiliation
with Company, including but not limited to, claims arising under the Civil Rights Act of 1964 as amended, including Title IX, 20 U.S.C. § 1687, Title VI, 42 U.S.C. § 2000(d), and Title VII of the Civil Rights Act, as amended, the Americans
with Disabilities Act, as amended, the Rehabilitation Act of 1973, the Civil Rights Acts of 1866 and 1871, the Civil Rights Act of 1991, the Employment Retirement Income Security Act (ERISA), the Age Discrimination in Employment Act, as amended
(ADEA), the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), the Equal Pay Act of 1963, the Older Workers Benefit Protection Act, the Family and Medical Leave Act (FMLA), whistle-blower, and any and all common law claims, including
but not limited to, all other forms of employment discrimination, wrongful termination, retaliatory discharge, breach of express, implied, or oral contact, interference with contractual relations, commission of tort, fraud, defamation, and slander
based on any act, transaction, circumstance or event contemporaneous with, or prior to, the date of this Agreement. This release also expressly includes any pension or benefit plans of Company and/or the past or present officers, directors,
trustees, administrators, agents and employees of Company or of any Company benefit plan, for any actions up to and including the date hereof and the continuing efforts thereof, except for the performance of the provisions of this Agreement and
except for the payment of any vested pension benefits to which Employee may be entitled, if any, under the express provisions of the Company pension plan, subject to ERISA’s vesting requirements. It is the intention of Employee to effect
a general release of all actual and potential claims as of the date of this Agreement. Provided, however, that nothing contained in this Agreement shall prevent Employee from challenging the validity and legality of the release under the
ADEA. 
 (b)    Employee agrees that Employee will not initiate or cause to have initiated or be a party
to any legal action against Employer, except to the extent necessary to enforce any remaining aspect of the Agreement or as specifically excluded in this Paragraph 1(b) or in Paragraph 1(a) above. In the event that Employee brings or causes to bring
any action against Company that Employee has agreed in the preceding sentence not to bring or should Company prevail in any claim of a breach of this Agreement, Employee will indemnify and hold the Company harmless from and against all costs
incurred in connection with defense or prosecution of the legal action, including attorneys’ fees. Company will be entitled to all damages available at law or equity in addition to its costs of defending or prosecuting such action. The
Employee’s right to file a charge of discrimination with the Equal Employment Opportunity Commission or similar agency and Employee’s right to challenge the validity and legality of the release in paragraph 1(a) under the ADEA are
expressly excluded from the Employee’s promise not to bring any legal action against the Company. However, if any charge, complaint, lawsuit or administrative claim is filed by or in the name of Employee or on Employee’s behalf with the
Equal Employment Opportunity Commission, the Pennsylvania Human Relations Commission, or any other similar administrative agency or organization, or in any other forum, against any of the persons or entities released in this Agreement, based upon
any act or event which occurred on or before the date Employee signed this Agreement, Employee will not seek or accept any personal relief, including but not limited to any award of monetary damages or reinstatement to Employee’s employment
with Employer. (Provided, however, that this provision shall not apply to a claim for damages under the ADEA in the event that the Agreement is declared invalid with respect to the waiver of all ADEA claims. If successful on such a claim, however,
any monetary damages obtained by Employee shall be offset by the monies paid under the Agreement, together with all allowable interest thereon.) 

  
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 (c)    As of the date of execution of this Agreement,
the Employee represents and warrants that Employee knows of no work-related injury, illness, or condition sustained during Employee’s employment with Employer. As of the date of execution of this Agreement, Employee further represents and
warrants that Employee knows of no condition or event that would entitle him to benefits under the FMLA. 

(d)    As of the Separation Date, Employee has
                     (            ) earned and unused vacation days, having
a gross value of                             
($                ). This amount, from which all required taxes and withholdings shall be deducted, shall be paid in the Employee’s final paycheck as an
active employee. Employee acknowledges that with the payments set forth in this Paragraph 1(d), the Employer shall have paid him in full. The Employee also represents that Employee knows of no claim that would entitle him to relief under the Fair
Labor Standards Act. 
 (e)    Employee agrees that the payment set forth in Section 2(a) below
exceeds any amounts Employee is entitled to receive and shall be sufficient consideration for all of the Employee’s agreements, obligations, covenants, and releases contained in this Agreement. Employee further agrees that the Employer has no
plan or practice of paying severance covering Employee. 
 (f)    Effective
                    , neither party shall be required to perform under any agreement related or ancillary to Employee’s employment with
Employer, including, without limitation,                     , except as expressly set forth in this Agreement. Employee shall cease to
perform any duties for the Employer, and shall cease to represent that Employee is a current employee of Employer, effective
                    . 
  

	 	2.	 Wage Payments, Severance Payments and Benefits. 

In consideration of the representations and covenants of Employee contained in this Agreement, Employer agrees to do the
following: 
 (a)    Employer shall pay Employee the severance payments and benefits specified in the
Employment Agreement between Employer and Employee dated January     , 2020, as the same may be amended from time to time (the “Employment Agreement”). 

(b)    Employer agrees not to contest Employee’s application for unemployment compensation unless
(i) Employee becomes employed; or (ii) the Employee provides inaccurate information in Employee’s application for benefits. The parties agree that the reason for Employee’s unemployment for purposes of seeking unemployment
compensation benefits shall be “                    .” 

(c)    Nothing contained in this Agreement or the payments and benefits contemplated in it shall be
interpreted to be inconsistent with the fact that Employee’s employment with Employer was terminated for all purposes on the Separation Date. Employee further acknowledges that the payments set forth in Paragraph 2 do not constitute any type of
admission by Employer. 

  
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22 

	 	3.	 Returning Company’s Property and Maintaining Confidentiality.

 Employee agrees to return all Company property and confidential and proprietary information which may be
in Employee’s possession including, but not limited to supplier lists, proprietary, confidential or secret information, customer lists, customer file information, product information and data, financial matters, competitive status,
organizational matters, technical capabilities, marketing and distribution plans, customer or supplier data, strategies, processes, books, computer hardware, software, diskettes, notes, reports, work products, and any other information prepared for
Employer by him or at Employee’s or Employer’s direction (collectively, “confidential and proprietary information”). Employee shall also delete all confidential and proprietary information from any personal electronic files,
including, without limitation, information or files maintained in any personal computer, PDA, blackberry or other electronic device. Such deletions shall be done in a manner that will not allow them to be recovered or duplicated. All such property
shall be returned and deletions made by the Effective Date. Employee further agrees not to use or apply confidential and proprietary information for Employee’s own advantage or for the benefit of any person or entity except Employer and its
affiliates and agrees not to disclose, divulge or disseminate confidential and proprietary information or any other customer or product information to anyone not affiliated with Employer, except with the prior written consent of Employer. Employee
also agrees to provide Employer with all passwords that Employee uses in connection with Employee’s employment to allow Employer to have access to all information to which Employee has access and to comply with all exit routines, including
check lists, that the Employer normally uses in connection with terminations from employment. 
  

	 	4.	 Opportunity to Review and Revoke. 

Employee acknowledges that this Agreement contains a complete waiver and release of claims of age discrimination under, among
other statutes, the ADEA and that Company offered Employee a period of at least twenty-one (21) days (or, if required by law, forty-five (45) days) within which to consider this Agreement. Employee
acknowledges that 21 days (or 45 days, if applicable) is a reasonable period of time to review this Agreement, but that Employee may voluntarily elect to sign this Agreement earlier. Employee further acknowledges that Employee has been advised and
has had a full and fair opportunity to consult with an attorney of Employee’s choosing. Within a period of seven (7) days following the execution of this Agreement, Employee may revoke this Agreement by delivery (in person or by certified
mail) of a written notice revoking the same, to the Vice President, Human Resources, II-VI Incorporated, 375 Saxonburg Boulevard, Saxonburg, PA 16056. The notice must be received within the said seven
(7) day period. This Agreement shall not become effective or enforceable until that date on which the seven-day revocation period has expired without a revocation of this Agreement (the “Effective
Date”). Employee fully understands the terms and significance of this Agreement including the release contained within it, and Employee particularly understands that Employee is waiving and releasing any and all claims against the Company. 

 

	 	5.	 Continuation of Restrictive Covenants. 

Employee acknowledges and agrees that Employee remains subject to the covenants set forth in Sections 5, 6, 7, 8 and 9 of the
Employment Agreement. 

  
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22 

	 	6.	 Non-Disclosure. 

Employee agrees to keep confidential and not discuss, disclose, or reveal, directly or indirectly, the terms of this Agreement
to any person, corporation, or entity with the exception of the members of Employee’s immediate family, any person from whom Employee legitimately seeks financial or tax advice, and/or any person consulted by Employee prior to Employee signing
this Agreement to understand the interpretation, application, or legal effect of this Agreement, who (prior to disclosure to them) shall likewise agree to maintain the confidentiality of this Agreement. It shall be deemed a material breach of this
Agreement for Employee to disclose or reveal the existence of this Agreement or any of the terms hereof to anyone in violation of the confidentiality provisions of this Agreement, provided, however, that nothing in this Agreement prohibits Employee
from reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or
making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Employee does not need the prior authorization of the Company to make any such reports or disclosures and Employee is not required to notify
the Company that he has made such reports or disclosures. 
  

	 	7.	 Miscellaneous. 

(a)    There are no understandings between the parties regarding this Agreement other than as specifically
set forth herein and there have been no promises, inducements or commitments made to or by Employer in conjunction with this Agreement that are not explicitly set forth herein. 

(b)    This Agreement may be executed in counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 (c)    This Agreement supersedes any
and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Employee by Employer and the termination of such employment and contains all of the covenants and agreements between the parties with
respect to such employment and the termination thereof, provided that this Agreement does not supersede, replace or modify in any respect any indemnification agreement between Employer and Employee. No alterations, amendments, changes or additions
to this Agreement will be binding upon either Employer or Employee unless reduced to writing and signed by both parties. No waiver of any right arising under this Agreement made by either party will be valid unless given in writing and signed by
both parties. 
 (d)    This Agreement is binding upon the parties hereto and their respective heirs,
personal representatives, successors, affiliates and assigns. 
 (e)    By Employee’s execution of
this Agreement, Employee expressly understands, covenants and agrees that Employee will not apply for or seek in any way to be employed, hired, recalled or reinstated by the Company now or in the future; and Employee covenants and agrees that
Company will not ever be obligated to employ or reemploy him or engage Employee’s services. 

(f)    The provisions, including individual terms and phrases, of this Agreement are severable. Any
provision of this Agreement or portion thereof which is held to be prohibited or 

  
 Page 21 of
22 

 
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability, without invalidating the remaining portion of any such
provision or this Agreement as a whole, and without affecting the validity or enforceability of such provision in any other jurisdiction. 

(g)    All parties represent and warrant that each is fully capable of performing all obligations required
under this Agreement and has not assigned or otherwise alienated any right or obligation that in any manner would reduce or undermine the full implementation and effect of this Agreement. 

 

	 	8.	 Right to Seek Counsel of Attorney. 

EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS FULLY READ AND FULLY UNDERSTOOD THIS AGREEMENT; THAT EMPLOYEE ENTERED INTO IT FREELY
AND VOLUNTARILY AND WITHOUT COERCION OR PROMISES NOT CONTAINED IN THIS AGREEMENT; THAT EMPLOYEE WAS GIVEN THE OPPORTUNITY TO REVIEW THIS AGREEMENT WITH LEGAL COUNSEL OF EMPLOYEE’S CHOICE BEFORE SIGNING IT, AND THAT EMPLOYEE WAS ENCOURAGED AND
ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO SIGNING IT. 
 IN WITNESS WHEREOF, the parties hereto
intending to be legally bound have set their hands and seals on this date,             , 20    . 

 

			
	 [EMPLOYEE]
	  	 II-VI INCORPORATED

		
	                                     
               	  	By:                                     
       

  
 Page 22 of
22Exhibit

        
Exhibit 10.1

AMENDED AND RESTATED ACCENTURE PLC 2010 SHARE INCENTIVE PLAN

		
	1.
	Purpose of the Plan

The purpose of the Plan is to aid the Company and its Affiliates in recruiting, retaining and rewarding key employees, directors, consultants or other service providers of outstanding ability and to motivate such employees, directors, consultants or service providers for the Company or an Affiliate to exert their best efforts on behalf of the Company and its Affiliates by providing incentives through the granting of Awards. The Company expects that it will benefit from the added interest which such key employees, directors, consultants or other service providers will have in the welfare of the Company as a result of their proprietary interest in the Company.

		
	2.
	Definitions

The following capitalized terms used in the Plan have the respective meanings set forth in this Section:
		
	(a)
	Act:    The Securities Exchange Act of 1934, as amended, or any successor thereto.

		
	(b)
	Affiliate:    Any entity directly or indirectly controlling, controlled by, or under common control with, the Company or any other entity designated by the Board in which the Company or an Affiliate has an interest.

		
	(c)
	Award:    An Option, Share Appreciation Right or Other Share-Based Award granted pursuant to the Plan.

		
	(d)
	Beneficial Owner:    A “beneficial owner”, as such term is defined in Rule 13d-3 under the Act (or any successor rule thereto).

		
	(e)
	Board:    The Board of Directors of the Company.

		
	(f)
	Board Approval Date:    December 10, 2009, the date the Plan was originally approved by the Board.

		
	(g)
	Change in Control:    The occurrence of any of the following events:

		
	(i)
	any Person (other than (A) the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Company, or (B) any company owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company) becomes the Beneficial Owner, directly or indirectly, of securities of the Company, representing 50% or more of the combined voting power of the Company’s then-outstanding securities;

		
	(ii)
	during any period of twenty-four consecutive months, individuals who at the beginning of such period constitute the Board, and any new director (other than a director nominated by any Person (other than the Board) who publicly announces an intention to take or to consider taking actions (including, but not limited to, an actual or threatened proxy contest) which if consummated would constitute a Change in Control under (i), (iii) or (iv) of this Section 2(g)) whose election by the Board or nomination for election by the Company’s shareholders

has been approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority thereof;
		
	(iii)
	the consummation of any transaction or series of transactions resulting in a merger, consolidation or amalgamation, in which the Company is involved, other than a merger, consolidation or amalgamation which would result in the shareholders of the Company immediately prior thereto continuing to own (either by remaining outstanding or by being converted into voting securities of the surviving entity), in the same proportion as immediately prior to the transaction(s), more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger, consolidation or amalgamation; or

		
	(iv)
	the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company’s assets.

		
	(h)
	Code:    The Internal Revenue Code of 1986, as amended, or any successor thereto.

		
	(i)
	Committee:    A committee of the Board (including, without limitation, the full Board) that has been designated by the Board to administer the Plan.

		
	(j)
	Company:    Accenture plc, a company incorporated under the laws of Ireland with a registered number of 471706.

		
	(k)
	Effective Date:    The date the Plan was originally approved by the Company’s shareholders.

		
	(l)
	Fair Market Value:    On a given date,

		
	(i)
	if there should be a public market for the Shares on such date, the arithmetic mean of the high and low prices of the Shares as reported on such date on the Composite Tape of the principal national securities exchange on which such Shares are listed or admitted to trading, or, if the Shares are not listed or admitted on any national securities exchange, the arithmetic mean of the per Share closing bid price and per Share closing asked price on such date as quoted on the National Association of Securities Dealers Automated Quotation System (or such market in which such prices are regularly quoted) (the “NASDAQ”), or, if no sale of Shares shall have been reported on the Composite Tape of any national securities exchange or quoted on the NASDAQ on such date, then the immediately preceding date on which sales of the Shares have been so reported or quoted shall be used; and

		
	(ii)
	if there should not be a public market for the Shares on such date, the Fair Market Value shall be the value established by the Committee in good faith;

provided, however, that in the event the granting of an Award requires a different calculation of “fair market value” in order to comply with local tax regulations, then, for purposes of such Award, the Fair Market Value shall be determined by the Committee in good faith in a manner intended to comply with such local regulations.
		
	(m)
	Grant Price:    The purchase price per Share under the terms of an Option, as determined pursuant to Section 6(a) of the Plan.

		
	(n)
	ISO:    An Option that is also an incentive stock option, as described in Section 422 of the Code, granted pursuant to Section 6(c) of the Plan.

		
	(o)
	Option:    A share option granted pursuant to Section 6 of the Plan.

		
	(p)
	Other Share-Based Awards:    Awards granted pursuant to Section 8 of the Plan.

		
	(q)
	Participant: An employee, director, or consultant of, or any Person who performs services for, the Company or an Affiliate who is selected by the Committee to participate in the Plan.

		
	(r)
	Person:    A “person”, as such term is used for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto).

		
	(s)
	Plan:    This Amended and Restated Accenture plc 2010 Share Incentive Plan, as it may be amended from time to time.

		
	(t)
	RSU:    A restricted share unit, granted pursuant to Section 8 of the Plan, that represents the right to receive a Share.

		
	(u)
	Shares:    Class A ordinary shares of the Company.

		
	(v)
	Share Appreciation Right:    A share appreciation right granted pursuant to Section 7 of the Plan.

		
	(w)
	Subsidiary:    A “subsidiary corporation” as defined in Section 424(f) of the Code (or any successor section thereto).

		
	3.
	Shares Subject to the Plan

The total number of Shares that may be used to satisfy Awards under the Plan is one hundred and fourteen million (114,000,000), all of which may be issued as ISOs. The Shares may consist, in whole or in part, of unissued Shares or previously-issued Shares. The issuance of Shares or the payment of cash upon the exercise of an Award or in consideration of the cancellation or termination of an Award shall reduce the total number of Shares available under the Plan, as applicable. If Shares are not issued or are withheld from payment of an Award to satisfy tax obligations with respect to the Award, such Shares will not be added back to the aggregate number of Shares with respect to which Awards may be granted under the Plan, but rather will count against the aggregate number of Shares with respect to which Awards may be granted under the Plan. When an Option or Share Appreciation Right is granted under the Plan, the number of Shares subject to the Option or Share Appreciation Right will be counted against

the aggregate number of Shares with respect to which Awards may be granted under the Plan as one Share for every Share subject to such Option or Share Appreciation Right, regardless of the actual number of Shares (if any) used to settle such Option or Share Appreciation Right upon exercise and regardless of whether the Company utilizes the proceeds received upon Option exercise to repurchase Shares on the open market or otherwise. Shares that are subject to Awards that terminate, lapse or are cancelled may again be used to satisfy Awards under the Plan.

		
	4.
	Administration

The Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part to any subcommittee thereof consisting solely of at least two individuals who are intended to qualify as “Non-Employee Directors” within the meaning of Rule 16b-3 under the Act (or any successor rule thereto) and “independent directors” within the meaning of the New York Stock Exchange or other applicable listed company rules.
Additionally, the Committee may delegate the authority to grant Awards under the Plan to any employee or group of employees of the Company or an Affiliate; provided that such delegation and grants are consistent with applicable law and guidelines established by the Board from time to time. The Committee may grant Awards under this Plan only to Participants; provided that Awards may also, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company, its predecessor, Accenture Ltd, or the Company’s Affiliates or a company that becomes an Affiliate. The number of Shares underlying such substitute Awards shall be counted against the aggregate number of Shares available for Awards under the Plan. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited to, Participants and their beneficiaries or successors). The Committee shall have the full power and authority to establish the terms and conditions of any Award consistent with the provisions of the Plan and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any vesting conditions). The Committee shall require payment of any amount it may determine to be necessary to withhold for federal, state, local or other taxes of any relevant jurisdiction as a result of the granting, vesting or exercise of an Award, the delivery of cash or Shares pursuant to an Award, or upon the sale of Shares acquired by the granting, vesting or exercise of an Award.

		
	5.
	Limitations

		
	(a)
	Time Limitation. No Award may be granted under the Plan after December 9, 2029, but Awards theretofore granted may extend beyond that date.

		
	(b)
	Aggregate Limits on Awards to Non-Employee Directors. The maximum number of Shares subject to Awards granted during a fiscal year to any non-employee director, taken together with any cash retainer paid to such non-employee director in respect of such fiscal year, shall not exceed $750,000 in total value (calculating

the value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes and excluding, for this purpose, the value of any dividends or dividend equivalents paid on any Shares or Awards).
		
	(c)
	Dividends and Dividend Equivalents. As determined by the Committee, dividends and dividend equivalent rights may accrue with respect to Awards granted hereunder, but no dividends or dividend equivalents shall be paid out or settled unless and until, and then only to the extent that, the applicable underlying Award vests.

		
	6.
	Terms and Conditions of Options

Options granted under the Plan shall be, as determined by the Committee, non-qualified stock options or ISOs for United States federal income tax purposes (or other types of Options in jurisdictions outside the United States), as evidenced by the related Award agreements, and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent therewith, as the Committee shall determine:

		
	(a)
	Grant Price; Exercisability and Term.    Options granted under the Plan shall have a Grant Price that is not less than the Fair Market Value of a Share on the date of grant (other than in the case of Options granted in substitution of previously granted awards, as described in Section 4, or as provided under Section 9), and shall be exercisable at such time and upon such terms and conditions, as may be determined by the Committee, but in no case shall an Option vest and become exercisable until the lapse of a period of at least one year from the date of grant. No Option shall have a term in excess of ten years.

		
	(b)
	Exercise of Options.    Except as otherwise provided in the Plan or in an Award agreement, an Option may be exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For purposes of this Section 6 of the Plan, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the date payment is received by the Company pursuant to clauses (i), (ii) or (iii) in the following sentence. Except as otherwise provided in an Award agreement, the purchase price for the Shares as to which an Option is exercised shall be paid in full no later than the time when Shares are delivered following option exercise, with such payment made to the Company (i) in cash or its equivalent (e.g., by check), (ii) to the extent permitted by the Committee, by net-settlement in Shares or by transferring Shares having a Fair Market Value equal to the aggregate Grant Price for the Shares being purchased to a nominee of the Company and satisfying such other requirements as may be imposed by the Committee; provided, that such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee or generally accepted accounting principles), (iii) partly in cash and, to the extent permitted by the Committee, partly in such Shares or (iv) through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and deliver promptly to the Company an amount out of the proceeds of such sale

equal to the aggregate Grant Price for the Shares being purchased. No Participant shall have any rights to dividends or other rights of a shareholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, the Participant has paid in full for such Shares, the Shares in question have been registered in the Company’s register of shareholders and, if applicable, the Participant has satisfied any other conditions imposed by the Committee pursuant to the Plan.

		
	(c)
	ISOs.    The Committee may grant Options under the Plan that are intended to be ISOs. No ISO shall have a per Share Grant Price of less than the Fair Market Value of a Share on the date granted or have a term in excess of ten years; provided, however, that no ISO may be granted to any Participant who at the time of such grant, owns more than ten percent of the total combined voting power of all classes of shares of the Company or of any Subsidiary, unless (i) the Grant Price for such ISO is at least 110% of the Fair Market Value of a Share on the date the ISO is granted and (ii) the date on which such ISO terminates is a date not later than the day preceding the fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares acquired upon the exercise of an ISO either (A) within two years after the date of grant of such ISO or (B) within one year after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the amount realized upon such disposition. All Options granted under the Plan are intended to be nonqualified stock options, unless the applicable Award agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO, and if for any reason such Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a nonqualified stock option granted under the Plan; provided that such Option (or portion thereof) otherwise complies with the Plan’s requirements relating to nonqualified stock options. In no event shall any member of the Committee, the Company or any of its Affiliates (or their respective employees, officers or directors) have any liability to any Participant (or any other Person) due to the failure of an Option to qualify for any reason as an ISO.

		
	(d)
	Attestation.    Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the Grant Price or taxes relating to the exercise of an Option by delivering Shares to a nominee of the Company, the Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall treat the Option as exercised without further payment and shall withhold such number of Shares from the Shares acquired by the exercise of the Option.

		
	(e)
	Repricing of Options.    Notwithstanding any provision herein to the contrary, the repricing of an Option, once granted hereunder, is prohibited without prior approval of the Company’s shareholders. For this purpose, a “repricing” means any of the following (or any other action that has the same effect as any of the following): (i) changing the terms of an Option to lower the Grant Price; (ii) any

other action that is treated as a “repricing” under generally accepted accounting principles; and (iii) repurchasing for cash or canceling an Option in exchange for another Award at a time when the Grant Price is greater than the Fair Market Value of the underlying Shares, unless the cancellation and exchange occurs in connection with a change in capitalization or similar change permitted under Section 9(a) below.

		
	7.
	Terms and Conditions of Share Appreciation Rights

		
	(a)
	Grants.    The Committee also may grant (i) a Share Appreciation Right independent of an Option or (ii) a Share Appreciation Right in connection with an Option, or a portion thereof. A Share Appreciation Right granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or at any time prior to the exercise or cancellation of the related Option, (B) shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine) and (C) shall be subject to the same terms and conditions as such Option except for such additional limitations as are contemplated by this Section 7 (or such additional limitations as may be included in an Award agreement).

		
	(b)
	Terms.    The exercise price per Share of a Share Appreciation Right shall be an amount determined by the Committee that is not less than the Fair Market Value of a Share on the date of grant (other than in the case of Share Appreciation Rights granted in substitution of previously granted awards, as described in Section 4). Each Share Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to a payment from the Company of an amount equal to (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the exercise price per Share, times (ii) the number of Shares covered by the Share Appreciation Right. Each Share Appreciation Right granted in conjunction with an Option, or a portion thereof, shall entitle a Participant to surrender to the Company the unexercised Option, or any portion thereof, and to receive from the Company in exchange therefor an amount equal to (I) the excess of (x) the Fair Market Value on the exercise date of one Share over (y) the Grant Price per Share, times (II) the number of Shares covered by the Option, or portion thereof, which is surrendered. The date a notice of exercise is received by the Company shall be the exercise date. Payment shall be made in Shares or in cash, or partly in Shares and partly in cash (any such Shares valued at such Fair Market Value), all as shall be determined by the Committee. If the payment is made, in whole or in part, in newly issued Shares, the Participant shall agree to pay to the Company the aggregate par value of such Shares. Share Appreciation Rights may be exercised from time to time upon actual receipt by the Company of written notice of exercise stating the number of Shares with respect to which the Share Appreciation Right is being exercised. No fractional Shares will be issued in payment for Share Appreciation Rights, but instead cash will be paid for a fraction or, if the Committee should so determine, the number of Shares will be rounded downward to the next whole Share.

		
	(c)
	Limitations.    The Committee may impose, in its discretion, such conditions upon the exercisability or transferability of Share Appreciation Rights as it may deem fit but in no case shall a Share Appreciation Right vest and become exercisable until the lapse of a period of at least one year from the date of grant. No Share Appreciation Right shall have a term in excess of ten years.

		
	(d)
	Repricing of Share Appreciation Rights.    Notwithstanding any provision herein to the contrary, the repricing of a Share Appreciation Right, once granted hereunder, is prohibited without prior approval of the Company’s shareholders. For this purpose, a “repricing” means any of the following (or any other action that has the same effect as any of the following): (i) changing the terms of a Share Appreciation Right to lower its exercise price; (ii) any other action that is treated as a “repricing” under generally accepted accounting principles; and (iii) repurchasing for cash or canceling a Share Appreciation Right in exchange for another Award at a time when its exercise price is greater than the Fair Market Value of the underlying Shares, unless the cancellation and exchange occurs in connection with a change in capitalization or similar change permitted under Section 9(a) below.

		
	8.
	Other Share-Based Awards

The Committee, in its sole discretion, may grant Awards of Shares, Awards of restricted Shares, Awards of RSUs and other Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (“Other Share-Based Awards”). Such Other Share-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other Share- Based Awards may be granted alone or in addition to any other Awards granted under the Plan and also may be granted as matching Awards in connection with a Participant’s purchase of Shares under the Plan or under any other plan maintained by the Company, or pursuant to open market purchases. Subject to the provisions of the Plan, the Committee shall determine: (i) to whom and when Other Share-Based Awards will be made; (ii) the number of Shares to be awarded under (or otherwise related to) such Other Share-Based Awards; (iii) whether such Other Share-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and (iv) all other terms and conditions of such Other Share-Based Awards (including, without limitation, the vesting provisions thereof, any required payments to be received from Participants and other provisions ensuring that all Shares so awarded and issued shall be fully paid and non- assessable).

		
	9.
	Adjustments Upon Certain Events

Notwithstanding any other provisions in the Plan to the contrary, the following provisions shall apply to all Awards granted under the Plan:

		
	(a)
	Generally.    In the event of any change in the outstanding Shares after the Board Approval Date by reason of any Share dividend or split, reorganization,

recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or repurchase or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares other than regular cash dividends or any transaction similar to the foregoing, the Committee in its sole discretion and without liability to any person shall make such substitution or adjustment, if any, as it deems to be equitable, as to (i) the number or kind of Shares or other securities or property issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the Grant Price or exercise price of any Option or Share Appreciation Right, (iii) any applicable performance measures or performance vesting terms with respect to outstanding Awards and/or (iv) any other affected terms of any Award.

		
	(b)
	Change in Control.    In the event of a Change in Control after the Board Approval Date, the Committee may, in its sole discretion (but subject to Section 17), provide for the termination of an Award upon the consummation of the Change in Control and (x) the payment of a cash amount in exchange for the cancellation of an Award which, in the case of Options and Share Appreciation Rights, may equal the excess, if any, of the Fair Market Value of the Shares subject to such Options or Share Appreciation Rights over the aggregate exercise price of such Options or Share Appreciation Rights, and/or (y) the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder.

		
	10.
	No Right to Employment or Awards

The granting of an Award under the Plan shall impose no obligation on the Company or any Affiliate to continue the employment or service or consulting relationship of a Participant and shall not lessen or affect the Company’s or Affiliate’s right to terminate the employment or service or consulting relationship of such Participant. No Participant or other person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated).

		
	11.
	Successors and Assigns

The Plan shall be binding on all successors and assigns of the Company and a Participant, including without limitation, the estate of such Participant and the executor, administrator or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors.

		
	12.
	Nontransferability of Awards

Unless otherwise determined by the Committee, an Award shall not be transferable or assignable by the Participant other than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant.

		
	13.
	Amendments or Termination

The Board may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which (a) without the approval of the shareholders of the Company, would (except as provided in Section 9 of the Plan) increase the total number of Shares reserved for the purposes of the Plan, or (b) without the consent of a Participant, would materially adversely affect any of the rights of the Participant under any Award theretofore granted to such Participant under the Plan; provided, however, that the Committee may amend the Plan in such manner as it deems necessary to permit Awards to meet the requirements of the Code or other applicable laws.

		
	14.
	International Participants

With respect to Participants who reside or work outside the United States of America, the Committee may, in its sole discretion, amend the terms of the Plan or Awards with respect to such Participants in order to conform such terms with the provisions of local law, and the Committee may, where appropriate, establish one or more sub-plans to reflect such amended or varied provisions.

		
	15.
	Choice of Law

The Plan shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws.

		
	16.
	Effectiveness of the Plan

The Plan was originally effective as of the Effective Date.

		
	17.
	Section 409A

Notwithstanding other provisions of the Plan or any Award agreements thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. In the event that it is reasonably determined by the Committee that, as a result of Section 409A of the Code, payments in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, the Company will make such payment on the first day that would not result in the Participant incurring any tax liability under Section 409A of the Code. If pursuant to the provisions of Section 409A of the Code any distribution or payment is required to be delayed as a result of a Participant being deemed to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then any such distributions or payments under the Plan shall not be made or provided prior to the earlier of (A) the expiration of the six month period measured from the date of the Participant’s separation from service (as defined under Section 409A of the Code) or (B) the date of the Participant’s death. The Company shall use commercially reasonable efforts to implement the provisions of this Section 17 in good faith; provided that neither the Company, the Committee nor any of the Company’s employees, directors or representatives shall have any liability to Participants with respect to this Section 17.

		
	18.
	Recoupment

Awards granted under the Plan will be subject to recoupment in accordance with any clawback policy that the Company maintains, adopts or is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or other applicable law, including the Company’s Recoupment Policy, as in effect from time to time. In addition, the Committee may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Committee determines necessary or appropriate, including but not limited to a reacquisition right in respect of previously acquired Shares or other cash or property upon the occurrence of misconduct. No recovery of compensation under such a clawback policy will be an event giving rise to a right to resign for “good reason” or “constructive termination” (or similar term) under any agreement with the Company or any Affiliate.

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