바카라사이트 카지노판HERENT ANNOUNCES NEW EMPLOYEE INDUCE바카라사이트 카지노판NT GRANTS UNDER NYSE RULE 303A.08

PITTSBURGH, October 16, 2024 (GLOBE NEWSWIRE) – Coherent Corp. (the “바카라사이트 카지노판mpany”) (NYSE: 바카라사이트 카지노판HR), a global leader in materials, networking, and lasers, today announced that the 바카라사이트 카지노판mpany made awards of restricted stock units (“RSUs”) and performance stock units (“PSUs”) to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective on her start date, October 11, 2024. The awards were made pursuant to the 바카라사이트 카지노판mpany’s previously announced offer letter agreement with Ms. Luther, and as a material inducement to her joining the 바카라사이트 카지노판mpany as its Chief Financial Officer and Treasurer.

The material terms of the awards are as follows:

• The first award of RSUs covers 15,902 shares of the 바카라사이트 카지노판mpany’s common stock and becomes vested in three substantially equal installments on the first three anniversaries of the grant date subject to Ms. Luther’s continued employment through each vesting date, except as noted below.
  
• The se바카라사이트 카지노판nd award of RSUs 바카라사이트 카지노판vers 63,154 shares of the 바카라사이트 카지노판mpany’s common stock and becomes vested in two substantially equal installments on the first two anniversaries of the grant date subject to Ms. Luther’s continued employment through each vesting date, except as noted below.
  
• The PSUs cover a target of 118,583 shares of the 바카라사이트 카지노판mpany’s common stock and become vested based on the 바카라사이트 카지노판mpany’s total shareholder return (“TSR”) for the period beginning on the grant date and ending on June 30, 2027, relative to returns on the S&P Composite 1500—Electronic Equipment, Instruments & Components for that performance period. Performance below the 25^th percentile results in no payout; performance at the 25^th percentile (threshold) results in a 50% payout; performance at the 50^th percentile (target) results in a 100% payout; and performance at or above the 75^th percentile (max) results in a 200% payout. However, the payout for performance above target is capped at 100% if the 바카라사이트 카지노판mpany’s absolute TSR for the performance period is negative. Ms. Luther also must remain employed with the 바카라사이트 카지노판mpany through the end of the performance period, except as noted below.
  
• The RSUs and PSUs include vesting treatment on termination of employment or “change in control” (as defined in the 바카라사이트 카지노판mpany’s Omnibus Incentive Plan) consistent with the 바카라사이트 카지노판mpany’s standard terms for executive officers, including in accordance with the terms of the 바카라사이트 카지노판mpany’s Revised Executive Severance Plan and the standard form of Participation Agreement executed by Ms. Luther under the Revised Executive Severance Plan.

Each award was granted as a material inducement to employment in accordance with the NYSE Listed 바카라사이트 카지노판mpany Manual Rule 303A.08.