Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 62

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 62
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 matters not involving moral turpitude); or |

| • | refusal to obey any resolution or direction of the participant’s supervisor or the Board. |

“Good reason” means a voluntary termination within 90 days after the participant is assigned to a diminished position (provided certain conditions are met). “Diminished position” means a position that reflects any of the following changes or actions, unless the participant has consented to the change or action in writing:

| • | a material diminution in the participant’s base compensation, authority, duties, responsibilities, or associated job title; |

| • | relocation of the participant’s principal office to a location that is greater than 50 miles from the location of the participant’s principal office immediately before such relocation; or |

| • | any action or inaction with respect to the terms and conditions of the participant’s service that constitutes a material breach by the Company of any written agreement between the participant and the Company. |

“Retirement” is defined as:

| • | Termination on or after the date when the grantee has attained age 62 and the Grantee has been continuously employed for at least three years by the Company, other than a termination by the Company for cause or termination by the Company at the time cause exists. |

A “change in control” is:

| (1) | a transaction pursuant to which a person, or more than one person acting as a group, acquires more than 50% of the Common Stock; or |

| (2) | a merger or consolidation involving the Company in which the Company is not the surviving entity; or |

| (3) | a transaction that is a sale of all or substantially all of the Company’s assets if all or substantially all the proceeds from such transaction are distributed to the stockholders of the Company. |

Short-Term Incentives under the Omnibus Incentive Plan Pursuant to the provisions of the STIP under the OIP, Messrs. Black, Brown and Welner are entitled to the following payments or benefits upon retirement.

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TABLE OF CONTENTS

| • | Under the STIP, upon a participant’s termination due to “qualifying retirement” that occurs 90 days or more after the beginning of the plan year, the participant will be entitled to a STIP benefit for the plan year in which the qualifying retirement occurs determined as follows: (i) the performance metrics established for that plan year will be measured as of the last day of the plan year at the same time and in the