LINCOLN ELECTRIC HOLDINGS INC (LECO)

Severance Agreement | Plan supersedes the executive's existing individual change in control (CIC) severance agreement.; Pre-CIC Termination (without Cause or for Good Reason): Severance equal to 2x base salary paid over 24 months.; Pre-CIC Benefits: Prorated annual bonus based on actual performance, earned but unpaid prior bonus, and 18 months of COBRA continuation coverage.; Post-CIC Termination (within 24 months post-CIC): Enhanced lump-sum severance of 3x the sum of highest base salary in prior 3 years plus the greater of target bonus or average bonus over prior 2 years.; Post-CIC Benefits: Prorated bonus based on greater of target or actual performance, unpaid prior bonus, 18 months of COBRA, and outplacement services capped at $30,000.; Severance is conditioned upon executing a release and waiver of claims and complying with a restrictive covenants agreement.; Includes a Section 280G 'best net after-tax' cutback provision to minimize excise taxes, rather than an excise tax gross-up.

Severance Agreement | Plan supersedes the executive's existing individual change in control (CIC) severance agreement.; Pre-CIC Termination (without Cause or for Good Reason): Severance equal to 1x base salary paid over 12 months as a Tier 2 Executive.; Pre-CIC Benefits: Prorated annual bonus based on actual performance, earned but unpaid prior bonus, and 12 months of COBRA continuation coverage.; Post-CIC Termination (within 24 months post-CIC): Enhanced lump-sum severance of 2x the sum of highest base salary in prior 3 years plus the greater of target bonus or average bonus over prior 2 years.; Post-CIC Benefits: Prorated bonus based on greater of target or actual performance, unpaid prior bonus, 18 months of COBRA, and outplacement services capped at $30,000.; Severance is conditioned upon executing a release and waiver of claims and complying with a restrictive covenants agreement.; Includes a Section 280G 'best net after-tax' cutback provision to minimize excise taxes, rather than an excise tax gross-up.

Steven B. Hedlund Equity award

Steven B. Hedlund option (Grant FV $1,375,027, Exercise $215.9)

Steven B. Hedlund stock (Grant FV $1,442,212)

Steven B. Hedlund Equity award (13,360 target units, 0 threshold, 26,720 maximum, Grant FV $2,884,424)

Gabriel Bruno Equity award

Gabriel Bruno option (Grant FV $399,998, Exercise $215.9)