0001193125-21-347847 Sample Contracts

December ___, 2021 [NAME]
Annual Bonus Agreement • December 3rd, 2021 • Ferro Corp • Paints, varnishes, lacquers, enamels & allied prods • New York

This letter agreement (the “Letter Agreement”) memorializes your agreement and understanding with Ferro Corporation (“Ferro”) regarding annual incentive plan bonus payments that Ferro may accelerate to mitigate the potential effects of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the anticipated completion of the merger contemplated by the Agreement and Plan of Merger entered into by and among Ferro, PMHC II Inc. and PMHC Fortune Merger Sub, Inc., dated as of May 11, 2021, as amended.

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