OPTION AGREEMENTOption Agreement • August 15th, 2006 • Polypore, Inc. • Miscellaneous manufacturing industries • Delaware
Polypore International, Inc., a Delaware corporation (the “Company”), pursuant to its 2006 Stock Option Plan (the “Plan”), hereby grants to the Holder Annual Performance Vested Options and Cumulative Performance Vested Options to purchase the number of shares of Stock set forth below. The Annual Performance Vested Options and Cumulative Performance Vested Options (collectively, the “Performance Vested Options”), as well as any Prior Options (the Prior Options and the Performance Vested Options are sometimes collectively referred to hereafter as the “Options”) are subject to all of the terms and conditions set forth in this option agreement (this “Option Agreement”) as well as all of the terms and conditions of the Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan.
Contract of Employment Dear Dr. Sauer, On the basis of our talks we have come to the following agreement:Polypore, Inc. • August 15th, 2006 • Miscellaneous manufacturing industries
AGREEMENT AND RELEASEAgreement and Release • August 15th, 2006 • Polypore, Inc. • Miscellaneous manufacturing industries • North Carolina
WHEREAS, Brad Reed (hereinafter referred to as “Employee”), worked for Celgard, LLC; and WHEREAS, Employee’s employment with Celgard, LLC has been terminated as of April 17, 2006;
