SEC Contract Filing

Filing Date: 2025-02-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>ex104-employeeincentivepla.htm
<DESCRIPTION>EX-10.4
<TEXT>
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<title>Document</title></head><body><div id="i038958f1b90f4b978f0cbad8574e23be_1"></div><div style="min-height:64.8pt;width:100%"><div style="margin-bottom:12pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Exhibit 10.4</font></div></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><img alt="image_03.jpg" src="image_03.jpg" style="height:41px;margin-bottom:5pt;vertical-align:text-bottom;width:231px"></div><div><font><br></font></div><div style="margin-top:0.25pt"><font><br></font></div><div style="margin-top:4.6pt;padding-left:7.77pt;padding-right:7.77pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:118%">EMPLOYEE INCENTIVE PLAN</font></div><div style="margin-top:4.55pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Amended and Restated as of January 25, 2022)</font></div><div style="margin-top:0.25pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-31.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">I.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:24.67pt;text-decoration:underline">PURPOSE</font></div><div style="padding-left:5pt;padding-right:10.55pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:119%">This Employee Incentive Plan (this &#8220;Plan&#8221;) is designed to support FormFactor, Inc. (the &#8220;Company&#8221;) in being competitive within the industry to attract and retain key talent and to provide an incentive, in addition to other compensation, to those employees of the Company who have the opportunity to influence achievement of important corporate objectives and Company growth. In addition, this Plan is to closely align the interests of participating employees (the &#8220;Participants&#8221;) with Company and stockholder interests and is intended as a primary purpose to encourage and induce continued employment of eligible employees with the Company.</font></div><div style="margin-top:0.25pt;text-align:justify"><font><br></font></div><div style="padding-left:5pt;padding-right:10.55pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:119%">Participants in this Plan may include the Company&#8217;s executives, senior vice presidents, vice presidents, senior directors, directors, managers and other full-time employees not on the Sales Incentive Plan as determined by the chief executive officer, chief financial officer and senior human resources executive.</font></div><div><font><br></font></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-31.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">II.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:20.39pt;text-decoration:underline">BONUS AWARDS</font></div><div style="padding-left:5pt;padding-right:10.55pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:119%">Bonus awards under this Plan are payable as wages, less any applicable withholdings. Actual bonus awards are based on achievement of the corporate objective(s) and business unit objective(s). The chief executive officer, chief financial officer, and senior human resources executive shall determine the period during which the corporate objective(s) and business unit objective(s) are to be measured (the &#8220;Measurement Period&#8221;). Typically, this will be a quarterly Measurement Period aligned with the Company&#8217;s fiscal quarters with quarterly payment periods. However, the measurement or payment periods may be an annual period, a six-month period, a quarterly period or any such other period approved in advance by the chief executive officer, chief financial officer, and senior human resources executive. Specific target bonus percentages, expressed as a percentage of Eligible Compensation (as defined below), will be determined by (i) the chief executive officer for all Participants other than the chief executive officer and the executive Participants directly reporting to the chief executive officer or (ii) the Compensation Committee of the Board of Directors (the &#8220;Committee&#8221;) for the chief executive officer and the executive Participants directly reporting to the chief executive officer. Actual bonus awards for the chief executive officer and executive Participants directly reporting to the chief executive officer will be determined by the Committee. Target bonus percentages may be different for each Participant.</font></div><div style="margin-top:4.6pt;padding-left:5pt;padding-right:10.55pt;text-align:justify"><font><br></font></div><div style="padding-left:5pt;padding-right:10.55pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:119%">Each Participant&#8217;s bonus will be based upon a &#8220;Bonus Target&#8221; which is the product of their Eligible Compensation during the measurement period (&#8220;EE$&#8221;) multiplied by the Participant&#8217;s target bonus percentage (&#8220;Bonus %&#8221;). The authorized communication of a Participant&#8217;s Bonus % to the Participant is