Amendment to IPG Photonics Non-Employee Directors Stock Plan Merging into 2006 Incentive Compensation Plan
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Summary
This amendment, effective September 11, 2015, merges the IPG Photonics Corporation Non-Employee Directors Stock Plan into the company's 2006 Incentive Compensation Plan. After this date, any shares of common stock that were available under the original plan will instead be available under the 2006 Incentive Compensation Plan. The amendment formalizes the transfer of plan assets and terminates the original plan's ability to issue shares.
EX-10.1 2 exhibit101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1
Amendment to the IPG Photonics Corporation
Non-Employee Directors Stock Plan, as amended
14. TERMINATION AND MERGER OF THE PLAN
14.1 Effective September 11, 2015 (the ‘Merger Date’), the Plan is merged into the IPG Photonics Corporation 2006 Incentive Compensation Plan, As Amended and Restated Effective June 2, 2015 (the ‘2006 ICP’).
14.2 Effective as of the Merger Date, the shares of Common Stock available for issuance under the Plan no longer shall be available for issuance under the Plan and shall be transferred to the 2006 ICP.
