Littelfuse amends annual incentive plan; max award limit doubled to $5M

LITTELFUSE INC /DE

Board approved amended plan effective Jan 1 2024; max award raised from $2.5M to $5M.
Removed Section 162(m) references per TCJA; committee gains discretion to adjust awards up or down.
Payments now explicitly subject to clawback per company's Compensation Recovery Policy.
Plan continues indefinitely; applies to all key employees including named executive officers.

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