Letter Agreement between the Company and Michael M. Ludwig, dated August 28, 2018

Your employment is expected to commence on or before September 17, 2018.

The compensation package for this position is as follows and is subject to the usual payroll deductions such as income tax and Social Security:

Your starting salary will be $420,000.00 per year, which is paid at a bi-weekly rate of $16,153.84. This is an exempt position, which means that your salary is intended to compensate you for all hours worked, and you will not be eligible to receive overtime pay.

You will be eligible for four weeks of vacation effective from your first day of employment.

Effective for the 2018 fiscal year, you are eligible for an award under the Annual Incentive Compensation Plan (AICP) with a target of 65% of your base salary. Depending on actual performance against predetermined company performance metrics, your actual AICP award payout can be as high as 200% of your target incentive. Actual awards are prorated according to date of hire. Awards are subject to the terms of the AICP and approval by the Compensation and Organization Committee (the “Committee”).

Subject to the Committee’s approval, you will receive a special new hire stock award of restricted stock units with an initial grant value of $815,000.00 split as follows:

60% Performance-Based Restricted Stock Units -- three-year performance period beginning September 17, 2018 and based on total shareholder return compared to a specified group of peer companies

40% in Time-Based Restricted Stock Units -- three-year ratable vesting beginning on the first anniversary of your date of hire

You will be eligible for the retirement, health, severance, and other benefit programs provided to executives of Rogers, subject to the right of Rogers to amend or terminate such programs in accordance with their terms. We have enclosed information describing the Company’s current benefit programs.

Please note that you will be a participant in the Rogers Corporation Severance Pay Plan for Exempt Salaried, Non-Exempt and Non-Union Hourly Employees, provided that, in lieu of the benefit under that plan, your severance pay will be equal to 52 weeks of base salary (to be paid at the time and in the form of benefit specified under the terms of the plan) plus a pro-rated payment of your AICP award, determined based on actual performance and paid at the time AICP awards are otherwise paid to employees (but no later than March 15 of the year after your termination of employment), subject to your execution of a general release of claims in a form acceptable to the Company and subject

As a condition of employment, you must sign the enclosed agreement regarding confidentiality of trade secrets and confidential business information (Employment, Invention, Confidentiality and Non-Compete Agreement). Please review this agreement. You will need to sign it and deliver it to our Human Resources Director for Corporate Services, Sara Dionne, at the time you start work with Rogers.

As mentioned above, your employment is “at will,” meaning that either you or Rogers may terminate your employment at any time and for any reason, with or without cause or notice, regardless of any representations that may have been made to you. This offer letter does not establish a contractual employment relationship. It is Rogers' policy not to enter into employment contracts.

You will be provided with relocation benefits as described in the Relocation Policy for Newly Hired Salaried Employees which will be sent to you separately. Please contact our Human Resources Director for Corporate Services, Sara Dionne at ###-###-####, to begin the relocation process. If you voluntarily resign from Rogers within one year of your hire, you will be required to reimburse all monies paid under the Relocation Policy directly to you, or on your behalf. This letter authorizes Rogers to deduct any required reimbursement from your final paycheck or other post-employment compensation (to the extent permitted by law). You must arrange for repayment in full to Rogers of any remaining amount, with such repayment to be made within 30 days of your last day of work.