展品97
L.B. Foster Company
修订和重新规定的高管回收政策
自2023年10月2日起生效
目的
根据纳斯达克股市有关规定以及《证券交易法》第10D-1条的要求股票交易所）和《证券交易法》修正案1934年（下称“证券交易法”使拥有公司注册证券类别10%以上股权的官员、董事或实际股东代表签署人递交表格3、4和5（包括修正版及有关联合递交协议）,符合证券交易法案第16(a)条及其下属规则规定的要求；董事会薪酬委员会委员会董事会董事会L.b.福斯特公司（称为“”）的董事会公司已通过这项修订和重订的高管追索政策（称为“”政策该董事会已经制定了补偿追回政策（以下简称“本政策”）, 旨在授权公司在会计重新报表（以下简称“本报表”）事件中对错误授予被认定董事（以下简称“涵盖董事”）的持股补偿（以下简称“涵盖补偿”）进行追回。
尽管本政策有任何与之相反的内容，在任何时候，本政策仍然受美国证券交易委员会发布的最终规则和法规的解读和运作的约束。SEC股票交易所采纳的最终上市标准以及美国证券交易委员会或股票交易所不时发布的关于该等补偿回收要求的适用指导或解读（总称为“现行现有指导”）。最终指导关于此政策的问题应直接向执行副总裁、人力资源和行政部门负责人提出。
政策声明
除非适用《回收例外》（如下所定义），公司将合理迅速地从每位被覆盖高管处追回已收到的被覆盖薪酬（如下所定义），如果公司因未遵守证券法规定的任何财务报告要求而需准备核算重述，则在此事件中，公司将合理迅速地从每位被覆盖高管处追回已收到的被覆盖薪酬。包括为更正先前发布的基本报表中的错误而需要进行的任何核算重述，该错误对先前发布的基本报表重要，或者如果该错误在当前期间得到更正或者在当前期间未得到更正将导致重大错误陈述的任何必要核算重述（以下简称“会计重述”。 如果适用于某位受覆盖的官员的例外，公司可以放弃根据本政策从该受覆盖的官员那里追回此类薪酬。
被保护的官员
根据本政策的规定，“被保险人”被定义为根据交易所法规16a-1(f)规定，由董事会或委员会确定的公司的现任或前任“第16条官员”。 Covered Officers包括，不低于根据交易所法规30亿.7定义并在S-k条例401(b)项下确定的“高管”们。
补偿范围
根据本政策的目的：
•““覆盖赔偿”是指适用恢复期（如下定义）期间，根据相关修订金额计算确定的基于激励的报酬（如下定义）的金额超出了在该恢复期间根据相关修订金额计算确定的基于激励的报酬的金额，且在计算时不考虑任何已支付的税款。“覆盖赔偿”是指适用恢复期（如下定义）期间，根据相关修订金额计算确定的基于激励的报酬（如下定义）的金额超出了在该恢复期间根据相关修订金额计算确定的基于激励的报酬的金额，且在计算时不考虑任何已支付的税款。
只有当涉及人员获得基于奖励的报酬后才能作为涉及报酬合格：（i）在涉及人员开始担任涉及人员之后收到；（ii）在此基于奖励的报酬的绩效期间内涉及人员曾担任涉及人员；以及（iii）在公司的证券类别在国家证券交易所或国家证券协会上市时收到。
对于基于股票价格或总股东回报的激励性薪酬，当以会计重述中的信息直接进行数学计算无法得到错误授予的覆盖薪酬金额时，被视为覆盖薪酬的激励性薪酬金额将基于会计重述对激励性薪酬所依赖的股票价格或总股东回报的合理估计，并且公司将维护并向股交所提供确定此合理估计的文件。
•“基于激励的薪酬制度”被定义为基于完全或部分取决于财务报告测量指标（如下所定义）的获授、获得或授予的任何补偿。为明晰起见，激励性报酬包括任何计划中的补偿，不包括符合税收资格的退休计划，在其中长期残疾、人寿保险、补充高管退休计划，以及基于此类激励性报酬的任何其他报酬，例如基于将此类激励性报酬投入此类计划的名义金额而产生的收益。
•“业务报告措施”是根据编制公司财务报表所采用的会计原则确定和呈报的一项指标，并包括完全或部分源自该指标的任何指标。股价和股东总回报也是财务报表指标。
•如果在公司的财务年度达到与奖励部分激励报酬相关的财务报告指标，即使激励报酬的支付或授予发生在该期末之后，也被认为是“有效的激励报酬”。2021年8月在该公司达到激励性薪酬奖励规定的财务报告期结束后，即使激励性薪酬的支付或授予发生在该期结束后，也会计入该期。
康复期
根据本政策的规定，“适用年度”定义为紧接着触发日期（如下定义）之前的三个完整财政年度，并且如适用，任何由公司财政年度在这三个完整财政年度内或紧随其后发生变化而导致的过渡期（但是，如果公司上一个财年结束当日到新财年开始当日之间的过渡期跨越了九至十二个月，该期间将被视为已完成的财政年度）。康复期”定义为紧接着触发日期（如下定义）之前的三个完整财政年度，并且如适用，任何由公司财政年度在这三个完整财政年度内或紧随其后发生变化而导致的过渡期（但是，如果公司上一个财年结束当日到新财年开始当日之间的过渡期跨越了九至十二个月，该期间将被视为已完成的财政年度）。
根据本政策的规定，“触发日根据本政策，公司需要准备会计重述的“日期”，是以下两个事件中较早发生的一个：(i) 董事会、适用的董事会委员会或者授权采取行动如果董事会行动是不需要的，得出，或者合理应该得出的结论，即公司需要准备会计重述的日期；(ii) 法院、监管机构或其他合法授权机构要求公司准备会计重述的日期。
资金回收例外情况
在会计重述事件发生时，公司有责任收回覆盖董事所获得的所有被覆盖的报酬，除非满足以下情况之一且委员会已经确定按照《交易所法》第10D-1条规定恢复是不切实际的（在这种情况下，适用“收回例外”）。收回例外
•向第三方支付直接费用以协助执行此政策的情况下，将超过需要收回的金额（而且公司已经尽合理努力从该被授予的覆盖报酬获得的覆盖官员那里收回了这样错误授予的覆盖报酬，并且已经对这样的合理努力进行了记录，并把这些记录提供给了交易所）；
•recovery would violate home country law that was adopted prior to November 28, 2022 (and the Company has already obtained an opinion of home country counsel, acceptable to the Stock Exchange, that recovery would result in such a violation, and provided such opinion to the Stock Exchange); or
•recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of Section 401(a)(13) or Section 411(a) of the Internal Revenue Code and regulations thereunder. For purposes of clarity, this Clawback Exception only applies to tax-qualified retirement plans and does not apply to other plans, including long term disability, life insurance, and supplemental executive retirement plans, or any other compensation that is based on Incentive-Based Compensation in such plans, such as earnings accrued on notional amounts of Incentive-Based Compensation contributed to such plans.
Prohibitions
The Company is prohibited from paying or reimbursing the cost of insurance for, or indemnifying, any Covered Officer against the loss of erroneously awarded Covered Compensation.
Administration and Interpretation
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The Committee will administer this Policy in accordance with the Final Guidance, and will have full and exclusive authority and discretion to supplement, amend, repeal, interpret, terminate, construe, modify, replace and/or enforce (in whole or in part) this Policy, including the authority to correct any defect, supply any omission or reconcile any ambiguity, inconsistency or conflict in the Policy, subject to the Final Guidance. This Policy is in addition to and is not intended to change or interpret any federal or state law or regulation, including the Pennsylvania Business Corporation Law, the Articles of Incorporation of the Company, or the Bylaws of the Company. The Committee will review the Policy from time to time and will have full and exclusive authority to take any action it deems appropriate.
The Committee will have the authority to offset any compensation or benefit amounts that become due to the applicable Covered Officers to the extent permissible under Section 409A of the Internal Revenue Code of 1986, as amended, and as it deems necessary or desirable to recover any Covered Compensation.
Each Covered Officer, upon being so designated or assuming such position, is required to execute and deliver to the Executive Vice President, Human Resources and Administration a signature page to this Policy (i) acknowledging and consenting to be bound by the terms of this Policy, (ii) agreeing to fully cooperate with the Company in connection with any of such Covered Officer’s obligations to the Company pursuant to this Policy, and (iii) agreeing that the Company may enforce its rights under this Policy through any and all reasonable means permitted under applicable law as it deems necessary or desirable under this Policy.
Disclosure
This Policy, and any recovery of Covered Compensation by the Company pursuant to this Policy that is required to be disclosed in the Company’s filings with the SEC, will be disclosed as required by the Securities Act of 1933, as amended, the Exchange Act, and related rules and regulations, including the Final Guidance.
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L.B. Foster Company
Amended and Restated Executive Recoupment Policy Acknowledgment and Consent
The undersigned hereby acknowledges that he or she has received and reviewed a copy of the Amended and Restated Executive Recoupment Policy (the “Policy”) of L.B. Foster Company (the “Company”), effective as of December 1, 2023, as adopted by the Compensation Committee of the Company’s Board of Directors.
Pursuant to such Policy, the undersigned hereby:
•acknowledges that he or she has been designated as (or assumed the position of) a Covered Officer (as defined in the Policy);
•acknowledges and consents to the Policy;
•acknowledges and consents to be bound by the terms of the Policy;
•agrees to fully cooperate with the Company in connection with any of the undersigned’s obligations to the Company pursuant to the Policy, including, without limitation, the repayment by or recovery from the undersigned of Covered Compensation (as defined in the Policy); and
•agrees that the Company may enforce its rights under the Policy through any and all reasonable means permitted under applicable law as the Company deems necessary or desirable under the Policy.
ACKNOWLEDGED AND AGREED:
Name:
Date:
L.B. Foster Company Amended and Restated Executive Recoupment Policy Acknowledgement and Consent