展品10.3

coherent corp。

INDUCEMENt 獎勵協議(績效分配單位)

這份INDUCEMENt 獎勵協議(績效分配單位)(本 “協議”) 於2024年10月11日(即 “授予日期”)由賓夕法尼亞州成立的Coherent Corp.締結 （“coherent corp”），以及新聘任的致富金融(臨時代碼)和treasurer的Sherri R. Luther，“收件人” ， 所有內容均由coherent corp和收件人於2024年10月10日簽署的僱用信中所提及的。（“參照Solium Shareworks系統上發現的員工授予詳情，網址為https://Shareworks.Solium.com（或coherent corp選擇的任何後續系統）（“錄用函”).

Solium Shareworks系統” ） 。可以通過點擊股票期權和獎勵部分下的投資組合選項卡中列出的“特定獎項”以查找特定獎項的員工授予詳情（」「員工補助資訊」）來自Solium Shareworks System。

此獎項構成一個非計畫的 「就像紐約證券交易所上市規則303A.08所考慮的“就業引誘獎勵”一樣，因此並不是根據COHERENt CORP。修訂和 重新生效於2023年11月9日（可不時修訂和/或重新生效，稱為“計畫”）」。儘管如此，該計畫的條款和規定透過此參考，被納入本協議，就像在此完全列明一樣，彷彿此獎項是根據該計畫授予的。在此未有定義的大寫字詞將與計畫中的定義相同。計劃的副本可在Solium Shareworks System和/或相關的員工補助詳情中找到。進一步參照相關計畫的說明書，也可在Solium Shareworks System中找到。本協議應構成一份根據計畫中定義的「獎項協議」。

現在，因此， 對於良好的合理考量，特此確認已收據足夠，並擬藉此受法律約束，受贈方和coherent corp同意如下：

1. 誘因獎勵–績效股份單位coherent corp特此授予受贈方績效股份單位獎勵，按照員工獎勵詳細信息中指定的內容進行，根據績效目標的達成而獲得。 第 2 （這此為Chimerix, Inc. 2024年權益激勵計畫下所設定的“受限股票單位授予通知書”之“獎勵”。）。就此獎勵而言：（1）“績效期間” 所謂自2024年10月11日至2027年6月30日止的期間； (2)「目標獎勵」 所指員工授予細節中設定的目標獎勵；(3)「最高獎勵」 即本協議下可獲得的最大股份數，如員工授予細節中設定，該數量為目標獎勵的200％；和(4) 「績效股份單位」 或 「單位」 意指在本協議條款生效並應付款時，按照本協議條款的條件，每一（1）股的等值的股份。單位應當只能以股份支付和達成，除非本協議另有規定。

 

coherent corp誘因獎（表現股份單位；致富金融）

 

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2. 單位獲得的確定。根據 第 4 和第 5，單位將根據以下時間表獲得：

 

表現水平		作為單位獲得 目標獎金的百分比1
如果累積TSR低於市場25日 百分位數		0.00% (低於閾值)
如果累積TSR等於市場25日 百分位數		50.00% （門檻獎）
如果累積TSR等於市場50日 百分位數		100.00%2 （目標獎）
如果累積TSR等於市場75日 百分位或更大		200.00%2 (最高獎勵)

 

1	如果績效介於閾值和目標之間，或者介於目標和最高值之間，則目標獎的百分比將根據直線插值方法計算。

2	如果績效期間的累積TSR絕對為負值，且累積TSR高於市場第55百分位數，則目標獎的百分比將被限制為100.00%。

定義：

“市場” 根據 2024年7月1日公佈的S&P Composite 1500 – Electronic Equipment, Instruments & Components。如果在績效期間S&P Composite 1500 – Electronic Equipment, Instruments & Components 中有一個上市公司被移除，則不會被替換，也不會因為其他原因而添加任何上市公司。為了本計劃的目的，S&P Composite 1500 – Electronic Equipment, Instruments & Components 將是一個封閉的群組。儘管如前所述，如果一家公司因破產或破產程序而停止公開交易，則該公司將被納入市場中作為表現最差的公司。

“累積TSR” 將基於 每年1月1日開始為期30天的時期内，Reach Media的非控股權益股東可行使年度購回權。 2047年7月1日前股票的平均收盤價（88.04美元）（“開始股票價格”）和每年1月1日開始為期30天的時期内，Reach Media的非控股權益股東可行使年度購回權。 2024年10月11日前股票的平均收盤價（“結束股票價格”）。累積TSR應按以下方式計算：

((結束時的股價減去開始時的股價（$88.04）再加上分紅派息) 除以開始時的股價（$88.04))

只有整數單位符合此標準 第 2舉例而言，完成100單位目標獎勵的66.67%將導致獲得並支付66單位。

 

coherent corp.激勵獎（績效股份單位；CFO）

 

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3. 支付；股息等值。根據確定的金額 部分 2 將於表現期結束後的七十五（第 75）日之內以股份支付收款人。一致性必須導致股票證書（或同等電子書籍） 入口) 代表相等於根據本協議授予和應付的單位數目，並於該日期之前向收款人發行的股份。此外，收款人有權在表現期完成後獲得 但在任何情況下不晚於表現期完成後的日曆年 3 月 15 日，現金支付等於在表現期內就適用股數量支付的現金股息 根據下列規定所獲得的單位基礎 部分 2 如有關股份在表現期內已發行及未償還。該等現金股息等值將不會在單位獲得之前派發或支付予 根據本協議規定，它們有關的內容，並且在與相關單位沒有獲得或沒收的程度相同，將被取消和沒收的範圍內。儘管上述規定，本公司可自行決定 如根據收款人司法管轄區的法律，必要或適當，以現金結算獎賞，在這種情況下，公司應向收款人支付相等於 (a) 該項產品的現金金額 根據以下所獲得的單位數目 部分 2 及 (b) 委員會批准完成績效期後獲得的單位數目前一天的公平市值，以及 該等現金付款將於履行期結束後的七十五（第 75）日之前向收款人支付。

4. 與服務分離.

(a) 將軍。除以下規定外 部分四 (b) 或者 部分 5 或者其他情況 由委員會決定，如收件人在表現期結束前發生分離服務，則本獎項將於該項與服務分離的日期沒收，而收件人無權獲得任何 遺失權益的賠償。

(b) 在某些情況下按比例分。儘管如此 部分4 (一)，如果 收件人在服務期內發生由於收件人（i）死亡、(ii) 永久和完全殘疾，如《守則》第 22 (e) (3) (a) 定義 「殘疾」)、(三) 公司除原因（如下所定義）以外的終止，除了在控制權變更後的兩年內或 (iv) 收件人因合理原因（如下所定義）終止，除了變更後的兩年內除外 在控制範圍內，但僅在收件人與本公司簽發的提議書、僱傭協議或其他適用的僱傭或服務協議，或收款人參與之公司的任何離職計劃，規定解僱賠償 當出於理由（或類似條款）離開服務時，則根據本段第 (i) — (iv) 條款的每一種情況下，收款人均有權按照根據下列條款獲得的部分單位計算。 部分 2，在服務期結束時確定，並根據收款人在表現期內僱用或服務（視適用）完整月數的比例（視情況而定）（視情況而定） 根據該公司的任何適用離職計劃的條款所要求，

 

一致股份有限公司鼓勵獎 (表現股份單位；財務長)

 

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受款人參與或承擔公司與受款人的任何書面協議的條款，受制於任何適用計劃或協議的條款和條件）直至表現期的總月數。在受款人死亡的情況下，應在表現期結束後盡快在行政上向受款人的遺產交付相應數量的股份。

5. 變更控制；對付款的調整.

(a) 變更控制權。在控制權變更時，獎勵應按照計劃第10條的規定處理，或者，如果更好，則應按照公司修訂的執行分手計劃的條款和條件進行處理（“RESP”）以及受款人在RESP下為“資格終止”在“CIC期間”簽署的相關參與協議，具有這些條款，以及為計劃第10條的目的而在RESP和參與協議中定義的“原因”和“正當理由”。

(b) 付款的調整.

(i) 不管本協議中的任何相反規定，如果確定公司向收件人支付或分配或替收件人受益的任何金額或分配（無論根據本協議的條款支付或可支付或依據其他方式支付或可分配）（ “支付”）可能會受到《稅法》第4999條課徵的貨物稅，或者收件人就該貨物稅產生任何利息或罰款（該等貨物稅與任何此類利息和罰款合稱為“貨物稅”）則 “貨物稅”）、則應減少支付金額（但不得低於零），只要進行該等減少將導致收件人保留的金額較大，以發生減少或消除支付的基礎上（考慮聯邦、州和地方所得稅和對貨物稅的課徵），而不是收到所有支付金額。支付金額應首先通過減少或消除不以現金支付的支付部分進行減少或消除，然後通過以相反順序進行支付或福利的減少或消除，從最遠距離該確定的時間開始。 后稅基礎上的 根據聯邦、州和地方所得稅以及徵收加徵稅之情況，如果受款人獲得所有支付款項，其淨收入應高於部分收到付款的金額。 公司應首先通過減少或消除非現金支付的部分來減少或消除支付款項，然後再通過按反向順序逐步減少或消除現金支付，即從決定日期起距離最遠的支付或福利開始進行。

(ii) 所有根據這個訂單需要作出的決定，包括是否以及何時需要調整任何付款，以及如適用，應調整哪些付款，將由由Coherent從美國四家最大的會計師事務所或任何全國性公認的理財和福利諮詢公司中選出的獨立會計師事務所（稱為“會計師事務所”）來執行，該會計師事務所會在接到接受者通知有付款發生的十五（15）個工作天內或Coherent要求之前的較早時間內，向Coherent和接受者提供詳細的支持計算。 第5(d)，包括是否以及何時需要調整任何付款，以及如果適用，應調整哪些付款，應由Coherent選定的獨立會計師事務所選擇美國四家最大的會計師事務所或任何全國性公認的理財和福利諮詢公司（即“ 會計師事務所”）進行，該會計師事務所應在接受者通知有付款發生的十五（15）個工作天內或Coherent要求之前的早些時候，向Coherent和接受者提供詳細的支持計算。 “會計師事務所”），應在接收到接收方通知已經付款的通知後的十五（15）個工作日內向coherent和收件人提供詳細的支持計算，或者在coherent要求的較早時間內提供。如果會計公司作為執行控制變更的個人、實體或組織的會計師或審計師，coherent應試用其他具有國家認可的會計公司，以進行所需的確定（該會計公司將在此后稱為會計公司）。所有會計公司的費用和開支應完全由

 

coherent corp誘因獎（表現股份單位；致富金融）

 

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由coherent corp提供。如果會計師確定接收方不需支付特稅，則應向接收方提供書面意見，指出未在接收方適用的聯邦所得稅申報表上報告特稅將不會導致施加疏忽或類似罰款。 任何會計師的決定將對公司和接收方具有約束力。

6. 非轉讓性。 除非計劃另有規定，否則單位不得出售、抵押、轉讓、質押、轉讓或處置(一個 “轉讓” 以任何方式， 而只能通過遺囑或繼承和分配法律進行轉讓。 任何違反本節或計劃轉讓單位的嘗試將使本獎項無效。

7. 調整項目。 在計劃第12條(名為“調整項目無論何人其後接替，本計劃第12條或其後接替條款的條款均適用於本獎項。

8. 碎股coherent corp不需要根據本獎項發行任何碎股，並且coherent corp可以將碎股捨去至最接近的整數股份。

9. 稅責負責的責任.

（a）無中公司就與受贈人參與計劃有關的任何或所有所得稅、社會保險、薪酬稅、福利稅、分期付款或其他事項所採取的行動， 與稅務有關 與受贈人參與該計劃有關的任何或所有所得稅、社會保險、薪資稅、福利稅、預付款或其他項目「稅務相關 項目），受款人承認對所有欠款負最終責任並保持受款人的責任，並且公司（i）並不就與本獎項的任何方面相關的任何「項目」的處理進行任何聲明或承諾，包括本獎項的授予或獲得授予的股份後的出售；以及（ii）不承諾構造授予的條款或本獎項的任何方面以減少或消除受款人對「項目」的責任或達到特定稅務結果。此外，如果受款人受到 與稅務相關的所有板塊 項目 與稅務相關的所有板塊 項目或實現特定稅務結果。此外，如果受款人受到 與稅務相關的所有板塊 項目 與稅務相關的所有板塊 在多個司法管轄區的項目中，受款人確認並同意公司可能需要代扣或記賬。 與稅務相關的所有板塊 項目在超過一個司法管轄區中

(b) 在任何相關應納稅或稅項代扣事件之前，受款人同意作出令公司滿意的充分安排，以滿足所有需求。 與稅務相關的所有板塊 項目。在這方面，受款人授權公司或其相關代理人選擇性地滿足任何適用的代扣義務。 與稅務相關的所有板塊 通過以下一種或多種方式中的組合來進行扣繳：(i) 從公司支付給受贈人的薪酬或現金補償中扣除；(ii) 從根據本獎勵授予取得的股票出售所得款項中扣除，無論是通過自願出售還是通過公司安排的強制出售（代表受贈人根據本授權）而無需進一步同意；(iii) 扣押將在本獎勵授予取得時發行的股票；或 (iv) 由委員會確定並根據適用法律允許的任何其他方法進行。儘管上述，如果受贈人受到《交易法》第16(b)條短規則的約束，公司將在相關的代扣事件中扣留在授予時應發行的股票，除非委員會另有決定。

 

coherent corp誘因獎（表現股份單位；致富金融）

 

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(c) The Company may withhold or account for Tax-Related Items by considering applicable withholding rates, including maximum applicable rates, in which case the Recipient may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in Shares) or, if not refunded, the Recipient may seek a refund from the local tax authorities. In the event of under-withholding, the Recipient may be required to pay any additional Tax-Related Items directly to the applicable tax authority or to the Company. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Recipient is deemed to have been issued the full number of Shares, notwithstanding that a number of Shares is held back solely for the purpose of paying the Tax-Related Items.

(d) Finally, the Recipient shall pay to the Company any amount of Tax-Related Items that the Company may be required to withhold or account for as a result of the Recipient’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver Shares or the proceeds from the sale of Shares if the Recipient fails to comply with the Recipient’s obligations in connection with the Tax-Related Items as described in this Section 9.

10. Plan Provisions. In the event of any conflict between the provisions of this Agreement and the Plan, the Plan shall control, except that capitalized terms specifically defined in this Agreement shall have the meaning given to them in this Agreement with respect to their usage in this Agreement, notwithstanding the definitions given to such terms in the Plan (which definitions shall control as they relate to the usage of such terms in the Plan).

11. No Continued Rights. The granting of this Award shall not give the Recipient any rights to similar grants in future years or any right to continuance of employment or other service with Coherent or its Subsidiaries, nor shall it interfere in any way with any right that the Company would otherwise have to terminate the Recipient’s employment or other service at any time, or the right of the Recipient to terminate his or her employment or other service at any time.

12. Rights Unsecured. The Recipient shall have only Coherent’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of the Recipient hereunder shall be that of a general unsecured creditor of Coherent and the Recipient shall not have any security interest in any assets of Coherent.

 

Coherent Corp. Inducement Award (Performance Share Units; CFO)

 

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13. Restrictive Covenants.

(a) While the Recipient is employed by the Company (including its Subsidiaries) and for a period of one (1) year after the Recipient’s Separation from Service for any reason (the “Restricted Period”), the Recipient will not directly or indirectly either alone or in association with others solicit, or permit any organization directly or indirectly controlled by the Recipient to solicit, any employee or independent contractor of Coherent or its Subsidiaries to leave the employ or service of Coherent or its Subsidiaries. The Restricted Period will be tolled during and for any period of time during which the Recipient is in violation of the restrictive covenants contained in this Section 13(a) and for any period of time which may be necessary to secure an order of court or injunction, either preliminary or permanent, to enforce such covenants, such that the cumulative time period during which the Recipient is in compliance with the restrictive covenants contained in this Section 13(a) will not exceed the one (1)-year period set forth above.

(b) The Recipient acknowledges that certain materials, including information, data, technology and other materials relating to customers, programs, costs, marketing, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans or the business and affairs of Coherent and its Subsidiaries constitute proprietary confidential information and trade secrets. Accordingly, the Recipient will not at any time during or after the Recipient’s employment with the Company or a Subsidiary disclose or use for the Recipient’s own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, corporation or other business organization, entity or enterprise, other than the Company (including its Subsidiaries), any proprietary confidential information or trade secrets; provided that the foregoing shall not apply to information which is not unique to Coherent and its Subsidiaries or which is generally known to the industry or the public other than as a result of the Recipient’s breach of this covenant. The Recipient agrees that, upon the Recipient’s Separation from Service for any reason, the Recipient will immediately return to Coherent all property of Coherent and its Subsidiaries including all memoranda, books, technical and/or lab notebooks, customer product and pricing data, papers, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the business of Coherent and its Subsidiaries, except that the Recipient may retain personal items. The Recipient further agrees that the Recipient will not retain or use for the Recipient’s account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of Coherent and its Subsidiaries.

(c) Nothing herein is intended to or shall limit, prevent, impede or interfere with the Recipient’s non-waivable right, without prior notice to the Company, to provide information to the government, participate in investigations, testify in proceedings regarding the Company’s past or future conduct, or engage in any activities protected under whistleblower statutes, or to receive and fully retain a monetary award from a government-administered whistleblower award program for providing information directly to a government agency. Further, the Recipient understands that pursuant to the Defend Trade Secrets Act of 2016, the Recipient shall not be held criminally, or civilly, liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in confidence either directly or indirectly to a Federal, State, or local government official, or an attorney, for the sole purpose of reporting, or investigating, a violation of law. Moreover, the Recipient understands that he or she may disclose trade secrets in a complaint, or other document, filed in a lawsuit, or other proceeding, if such filing is made under seal. Finally, the Recipient understands that if he or she files a lawsuit alleging retaliation by the Company for reporting a suspected violation of the law, the Recipient may disclose the trade secret to the attorney and use the trade secret in the court proceeding, so long as any document containing the trade secret is filed under seal and the Recipient does not disclose the trade secret except pursuant to court order.

 

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14. Data Collection and Usage. Pursuant to applicable data protection laws, the Recipient is hereby notified that the Company collects, processes, uses and transfers certain personally-identifiable information about the Recipient for the exclusive legitimate purpose of granting Performance Share Units and implementing, administering and managing the Recipient’s participation in the Plan. For California residents, the categories of personal, including sensitive personal information, are identifiers, characteristics of protected classifications under California or federal law, professional or employment related information, social security, driver’s license, state identification card, or passport number, and any personal information that identifies, relates to, describes, or is capable of being associated with a particular individual. The personal information is not sold or shared for cross-context behavioral advertising. For additional information, please see Exhibit E of the Global Employee Data Privacy Policy and Notice which can be found at: Policy Center - PVY-001 Employee Privacy Policy and Notice - All Documents (sharepoint.com).

15. Remedies; Clawback.

(a) Coherent and the Recipient acknowledge and agree that that any violation by the Recipient of any of the restrictive covenants contained in Section 13 would cause immediate, material and irreparable harm to Coherent and its Subsidiaries which may not adequately be compensated by money damages and, therefore, Coherent and its Subsidiaries shall be entitled to injunctive relief (including one (1) 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 the right to have such covenants specifically enforced by any court of competent jurisdiction, the rights under Section 15(b), and the right to require the Recipient to account for and pay over to Coherent all benefits derived or received by the Recipient 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 Coherent.

(b) In the event that the Recipient violates or breaches any of the covenants set forth in Section 13, the Units and the right to receive Shares in exchange for such Units shall be forfeited. Coherent shall also have the right, in its sole discretion, in addition to any other remedies or damages provided by law, in equity or otherwise, to demand and require the Recipient, (i) to the extent that any cash payment was received with respect to such Units, to return and transfer to Coherent any such cash payment, (ii) to the extent that any Shares were received with respect to such Units, to return and transfer to Coherent any such shares directly or beneficially owned by the Recipient, and (iii) to the extent that the Recipient sold or transferred any such Shares, to disgorge and/or repay to Coherent any profits or other economic value (as determined by Coherent) made or realized by the Recipient with respect to such Shares, including the value of any gift thereof.

 

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(c) This Award, and any amounts or benefits received or outstanding under the Plan, as well as any other incentive awards previously granted to the Recipient by the Company, shall be subject to potential clawback, cancellation, recoupment, rescission, payback, reduction, or other similar action in accordance with the terms or conditions of any applicable Company clawback or similar policy or any applicable law related to such actions, as may be in effect from time to time, including the requirements of (a) Section 304 of the Sarbanes Oxley Act and Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (including any rules implementing those statutory requirements adopted under the Exchange Act or by the applicable exchange on which Shares are listed), (b) similar rules under the laws of any other jurisdiction, and (c) any policies adopted by the Company to implement such requirements. The Recipient acknowledges and consents to the Company’s application, implementation and enforcement of any applicable Company clawback or similar policy that may apply to the Recipient, whether adopted prior to or following the Grant Date, and any provision of applicable law relating to clawback, cancellation, recoupment, rescission, payback, or reduction of compensation, and agrees that the Company may take such actions as may be necessary to effectuate any such policy or applicable law, without further consideration or action.

16. Recipient Acknowledgments. The Recipient acknowledges and agrees that (a) as a result of the Recipient’s previous, current and future employment with the Company, the Recipient has had access to, will have access to and/or possesses or will possess confidential and proprietary information of Coherent and its Subsidiaries, (b) Coherent and its Subsidiaries are engaged in a highly competitive business and conduct such business worldwide, (c) this Agreement does not constitute a contract of employment, does not imply that the Company will continue the Recipient’s employment for any period of time and does not change the at-will nature of the Recipient’s employment, except as set forth in a separate written employment agreement between the Company and the Recipient, (d) the restrictive covenants set forth in Section 13 are necessary and reasonable in time and scope (including the period, geographic, product and service and other restrictions) to protect the legitimate business interests of Coherent and its Subsidiaries, (e) the remedy, forfeiture and payment provisions contained in Section 15 are reasonable and necessary to protect the legitimate business interests of Coherent and its Subsidiaries, (f) acceptance of this Award and these Units and agreement to be bound by the provisions hereof is not a condition of the Recipient’s employment and (g) the Recipient’s receipt of the benefits provided under this Agreement is adequate consideration for the enforcement of the provisions contained in Section 13 and Section 15.

17. Severability; Waiver. If any term, provision, covenant or restriction contained in this Agreement is held by a court or a federal regulatory agency of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in this Agreement shall remain in full force and effect, and shall in no way be affected, impaired or invalidated. In particular, in the event that any of such provisions shall be adjudicated

 

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to exceed the time, geographic, product and service or other limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum time, geographic, product and service or other limitations permitted by applicable law. No delay or omission by Coherent in exercising any right under this Agreement will operate as a waiver of that or any other right. A waiver or consent given by Coherent on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion.

18. Notice. Coherent may require any notice required or permitted under this Agreement to be transmitted, submitted or received, by Coherent or the Recipient, via the Solium Shareworks System in accordance with the procedures established by Coherent for such notice. Otherwise, except as otherwise set forth in this Agreement, any written notice required or permitted by the Agreement shall be mailed, certified mail (return receipt requested) or by overnight carrier, to Coherent at the following address:

Coherent Corp.

Attention: Chief Financial Officer

375 Saxonburg Boulevard

Saxonburg, Pennsylvania 16056

or to the Recipient at his or her most recent home address on record with Coherent. Notices are effective upon receipt.

19. Controlling Law. The validity, construction and effect of this Agreement will be determined in accordance with the internal laws of the Commonwealth of Pennsylvania without giving effect to the conflict of laws principles thereof. The Recipient and Coherent hereby irrevocably submit to the exclusive jurisdiction of the state and Federal courts located in the Commonwealth of Pennsylvania and consent to the jurisdiction of any such court; provided, however, that, notwithstanding anything to the contrary set forth above, Coherent may file an action to enforce the covenants contained in Section 13 by seeking injunctive or other equitable relief in any appropriate court having jurisdiction, including where the Recipient resides or where the Recipient was employed by the Company. The Recipient and Coherent also both irrevocably waive, to the fullest extent permitted by applicable law, any objection either may now or hereafter have to the laying of venue of any such dispute brought or injunctive or equitable relief sought in such court or any defense of inconvenient forum for the maintenance of such dispute and consent to the personal jurisdiction of any such court.

20. Entire Agreement. This Agreement (including the Plan and the Employee Grant Details), together with the Offer Letter provisions regarding Recipient’s inducement awards, contains the entire understanding between the parties and supersedes any prior understanding and agreements between them regarding the subject matter hereof with respect to this Award, and there are no other representations, agreements, arrangements or understandings, oral or written, between the parties relating to this Award which are not fully expressed herein. Notwithstanding anything to the contrary set forth in this Agreement, any restrictive covenants contained in this Agreement are independent, and are not intended to limit the enforceability, of any restrictive or other covenants contained in any other agreement between the Company and the Recipient.

 

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21. Captions; Section References. Section and other headings contained in this Agreement are for reference purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof. Unless expressly provided otherwise, any reference in this Agreement to any Section refers to the corresponding Section of this Agreement.

22. Limitation of Actions. Any lawsuit commenced by the Recipient with respect to any matter arising out of or relating to this Agreement must be filed no later than one (1) year after the date that a denial of any claim hereunder is made or any earlier date that the claim otherwise accrues.

23. Section 409A. This Agreement and this Award are intended to satisfy all applicable requirements of Section 409A or an exception thereto and shall be construed accordingly. Coherent may in its sole discretion, and without the consent of the Recipient, take any action it deems necessary to comply with the requirements of Section 409A or an exception thereto, including amending the terms of this Award and this Agreement, in any manner it deems necessary to cause this Award and this Agreement to be excepted from Section 409A (or to comply therewith to the extent that Coherent determines that it is not excepted). Notwithstanding, the Recipient recognizes and acknowledges that Section 409A may affect the timing and recognition of payments due hereunder, and may impose upon the Recipient certain taxes or other charges for which the Recipient is and shall remain solely responsible.

24. Assignment. Except as provided in Section 6, the Recipient’s rights and obligations under this Agreement shall not be transferable by the Recipient, by assignment or otherwise, and any purported assignment, transfer or delegation thereof by the Recipient shall be void. Coherent may assign/delegate all or any portion of this Agreement and its rights hereunder without prior notice to the Recipient and without the Recipient providing any additional consent thereto, whereupon the Recipient shall continue to be bound hereby with respect to such assignee/delegatee.

25. Electronic Delivery. Coherent may, in its sole discretion, deliver any documents or correspondence related to this Agreement, the Units, the Plan, the Recipient’s participation in the Plan or future awards that may be granted to the Recipient under the Plan, by electronic means. The Recipient hereby consents to receive such documents by electronic delivery and to the Recipient’s participation in the Plan through an on-line or electronic system established and maintained by Coherent or another third party designated by Coherent, including the Solium Shareworks System. Likewise, Coherent may require the Recipient to deliver or receive any documents or correspondence related to this Agreement by such electronic means.

 

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26. Further Assurances. The Company and the Recipient shall use commercially reasonable efforts to, from time to time at the request of the other party, without any additional consideration, furnish the other party such further information or assurances, execute and deliver such additional documents and take such other actions and do such other things, as may be necessary to carry out the provisions of this Agreement.

27. Compliance with Legal Requirements. Notwithstanding any other provisions of the Plan or this Agreement, unless there is an exemption from any registration, qualification or other legal requirement applicable to the Shares, the Company shall not be required to deliver any Shares issuable upon vesting of this Award prior to the completion of any registration or qualification of the Shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the U.S. Securities and Exchange Commission (“SEC”) or of any other governmental regulatory body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable. Further, the Company is under no obligation to register or qualify the Shares with the SEC or any state or foreign securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of Shares. Subject to Section 409A, the Committee may postpone the issuance or delivery of Shares under this Award as the Committee may consider appropriate and may require the Recipient to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Shares in compliance with applicable laws, rules and regulations. The Recipient understands and agrees that the Company shall have unilateral authority to amend this Agreement without his or her consent to the extent necessary to comply with securities or other laws applicable to the issuance of Shares.

28. Imposition of Other Requirements. The Company reserves the right to impose other requirements on this Award to the extent that the Company determines that it is necessary or advisable in order to comply with local law or facilitate the administration of this Award and to require the Recipient to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

29. No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Recipient’s participation in the Plan or the Recipient’s acquisition or sale of Shares. The Recipient understands and agrees that the Recipient should consult with his or her own personal legal and financial advisors regarding the Recipient’s participation in the Plan before taking any action related to the Plan.

30. Amendments. This Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto, or as otherwise provided under the Plan or this Agreement.

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the Grant Date set forth above. Electronic acceptance of this Agreement by the Recipient pursuant to Coherent’s instructions to the Recipient (including through the Solium Shareworks System) shall constitute execution of this Agreement by the Recipient. The Recipient agrees that his or her electronic acceptance of this Agreement, including via the Solium Shareworks System, shall constitute his or her signature, and that he or she agrees to be bound by all of the terms and conditions of this Agreement.

 

 

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