IPG Photonics amends executive severance, extending cash and health benefits to 24 months

IPG PHOTONICS CORP

Amendment effective August 30, 2023: Dr. Eugene Scherbakov's cash severance extended from 18 to 24 months.
Health premium reimbursement also extended to 24 months post-termination.
Amendment applies to Service Agreement dated May 4, 2021 between Scherbakov and IPG Laser GmbH.
No other changes to the original agreement; existing terms remain in effect.

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