Onto Innovation enters new employment agreement with CEO Michael P. Plisinski

ONTO INNOVATION INC.

CEO to receive $700K base salary, 110% target bonus, and annual equity grants (time- and performance-based RSUs).
Three-year term auto-renewing; severance equals 2x base salary over 24 months on termination without cause.
Upon change-in-control termination, severance includes 2x base + 2x target bonus, full equity acceleration.
Non-compete for 12 months (24 months if breach of fiduciary duty); 24-month non-solicitation.
Agreement effective Sep 15, 2023, replacing November 2015 employment agreement.

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