Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 60

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 60
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 have received; and (iv) up to $50,000 in outplacement services costs actually incurred. Ms. McPheeters remains subject to certain restrictive covenants relating to confidentiality and non-competition and non-solicitation for a period of two years following termination of her employment with the Company. Severance Plan As described in the “Compensation Discussion and Analysis — Other Compensation Elements and Information — Severance” the NEOs (other than Mr. Shanahan) are eligible to receive the following severance payments and benefits upon a termination without cause or resignation for good reason: (i) cash severance equal to 12 months of the participant’s then current annual base salary, payable in a lump sum and (ii) an additional sum equal to the cost of COBRA medical and dental benefits coverage for a period of 12 months. Receipt of such severance payments and benefits will be subject to the participant’s timely execution and non-revocation of a release of claims in favor of the Company and its affiliates and ongoing compliance with any restrictive covenant obligations. For purposes of the Severance Plan, a “for cause” termination has the same definition as set forth in the OIP. A termination for “good reason” is defined as a termination resulting from the following, subject to a notice and cure period:

| • | a material diminution in the NEO’s base compensation; |

| • | relocation of such NEO’s principal office to a location that is greater than fifty (50) miles from the location of such NEO’s principal office immediately before such relocation; |

| • | any other action or inaction with respect to the terms and conditions of the NEO’s service that constitutes a material breach by the Company or an affiliate of any written agreement between such NEO and the Company; and |

| • | and for Section 16 officers only — a material diminution in the executive’s authority, duties or responsibilities or associated job title. |

Long-Term Incentives under the Omnibus Incentive Plan Pursuant to the provisions of the OIP, the LTIP, and/or the relevant award agreements, our NEOs are entitled to the following payments or benefits upon retirement, death or disability, or qualifying termination in connection with a change in control. Retirement Upon a participant’s termination due to “retirement,” the participant will (i) become 100% vested in outstanding Time-Based Restricted Stock Unit and Restricted Stock awards, and (ii) vest in a prorated portion of outstanding Performance-Based Restricted Stock awards (