Document:

Support Agreement  between Textron Inc. and Textron Financial Corporation

 Exhibit 4.1 
 SUPPORT AGREEMENT 
 THIS SUPPORT AGREEMENT is entered into as of
May 25, 1994 by and between TEXTRON FINANCIAL CORPORATION, a Delaware Corporation (“TFC”), and TEXTRON INC, a Delaware corporation (“Textron”). 
 In consideration of the mutual covenants hereinafter set forth, Textron and TFC agree as follows. 
  

	 	1.	Fixed Charges Coverage. 

Commencing with the fiscal quarter in which this Agreement is executed and terminating with the fiscal quarter in which this Agreement
terminates, Textron shall pay TFC a cash payment sufficient to provide that with respect to the year- to- date period then ended the sum of TFC’s pre-tax earnings before extraordinary items plus Fixed Charges will not be less than one hundred
and twenty-five (125%) percent of TFC’s Fixed Charges. Such payment shall be made not later than the end of the next fiscal quarter. As used herein, “Fixed Charges” shall mean actual interest incurred in each quarter on funded or
unfunded indebtedness and apportionment of debt discount or premium (in the testing of obligation where interest is partially or entirely contingent upon earnings “Fixed Charges” will include contingent interest payments). 

 

	 	2.	Ownership of TFC. 

Textron and TFC agree that one hundred (100%) percent of the issued and outstanding shares of common stock of TFC shall at all-times
be owned by Textron or a corporation controlled by, controlling or under common control with Textron, and that Textron or any such corporation will at all times have a controlling interest in TFC. 

 

	 	3.	Minimum Shareholder’s Equity. 

 Commencing with the fiscal quarter in which this Agreement is executed and terminating with the fiscal quarter in which this Agreement terminates, Textron shall make such equity contributions to TFC as
may be required to ensure that the consolidated shareholders equity of TFC shall not be less than $200,000,000. Any contributions of equity required by this Agreement shall be made not later than the end of the next fiscal quarter. Such additional
equity contributions may be in any form of asset which is eligible for treatment as shareholder equity in accordance with generally accepted accounting principles. 

	 	4.	Computations. 

 All
computations under this Agreement shall be made in accordance with generally accepted accounting principles consistently applied, and all computations shall be made on a consolidated basis so as to include all of TFC’s consolidated subsidiaries
now or hereafter organized. 
  

	 	5.	No Guarantee of TFC’s Obligations. 

 This Agreement is not intended to be and is not, and nothing contained herein and nothing done by Textron pursuant hereto shall be deemed to constitute, a guarantee by Textron of the payment of the
interest or principal of any obligation, indebtedness or liability of any kind or character, however evidenced or arising, of TFC to any person or persons. 
  

	 	6.	Third-Party Beneficiaries. 

Textron and TFC acknowledge and agree that this Agreement is entered into for the benefit of and is enforceable by any party which lends
funds to TFC and their successors and assigns. 
  

	 	7.	Default. 

 Upon any
default by either party hereunder and the expiration of all applicable grace periods, the non-defaulting party shall have all rights and remedies available under applicable law. 

 

	 	8.	Termination, Amendments and Supplements. 

  

	 	a.	Either Textron or TFC shall have the right to terminate this Agreement upon thirty (30) days’ written notice to the other. 

 

	 	b.	This Agreement shall not be terminated pursuant to Section 8(a) above or supplemented or amended pursuant to Section 10(c) below, if TFC has any indebtedness
for money borrowed outstanding (other than to Textron) under the terms of which such action would constitute a default, unless the holder of such indebtedness has consented to such action. 

 

	 	c.	This Agreement shall continue in effect unless and until terminated as provided above. 

  
 2 

	 	9.	No Waiver. 

 Except as
specifically provided elsewhere in this Agreement, Textron and TFC hereby waive any failure or delay on the part of the other in asserting or enforcing any right which it may have at any time under this Agreement. 

 

	 	10.	Miscellaneous. 

  

	 	a.	This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns. 

 

	 	b.	This Agreement and all rights and obligations hereunder shall be governed by and construed and enforced in accordance with the laws of the State of Rhode Island.

  

	 	c.	This Agreement may not be amended or supplemented except by an instrument in writing signed by the parties. All headings herein are for convenience of reference only
and shall be disregarded in the interpretation hereof. 

 IN WITNESS WHEREOF, the parties hereto have caused this
instrument to be duly executed as of the day and year first above written. 
  

					
	Attest:	 		 	TEXTRON FINANCIAL CORPORATION
			
	/s/ Elizabeth C. Perkins	 	By:	 	/s/ Stephen A. Giliotti
		 		 	

  

					
	Attest:	 		 	TEXTRON INC.
			
	/s/ Elizabeth C. Perkins	 	By:	 	/s/ Richard A. McWhirter
		 		 	
			
	ECP2049	 		 	

  
 3Amendments to the Textron Spillover Pension Plan

 Exhibit 10.5B 
 AMENDMENTS TO THE 
 TEXTRON SPILLOVER PENSION PLAN 

October 12, 2011 
 In order to improve the administration of the Textron Spillover Pension Plan provisions governing eligibility to participate, the Plan is hereby amended as set forth below, effective as of January 1,
2009. 
  

	1.	Section 1.04(a) of the Plan is amended by adding the following sentence to the end of that section: 

“If an individual becomes a Participant on or after January 1, 2009, pursuant to Section 2.01(a) of the Plan, the
Participant’s Compensation shall include commissions paid to the Participant by any Textron Company only to the extent that the Participant earned the commissions while the Participant was an employee of The Cessna Aircraft Company.”

  

	2.	Section 2.01 of the Plan is amended to read in its entirety as follows: 

 

	 	“2.01	Eligibility and Participation. Subject to the following three sentences, an individual who is a participant in a Pension Plan shall become a Participant in the
Plan upon either (a) having Compensation, as defined in the Plan, that exceeds the limit of IRC Section 401(a)(17) for the calendar year beginning January 1, 2009, or any subsequent calendar year, or (b) participating in the
Deferred Income Plan for Textron Executives. An individual shall not become a Participant in the Plan after December 31, 2008, if the individual is listed in Exhibit 1 as an ineligible employee. An individual also shall not become a Participant
in the Plan after December 31, 2008, if the Chief Executive Officer determines, before the individual would otherwise be eligible, that the individual may not participate in the Plan, and a written memorandum of the decision is kept with the
official records of the Plan. An individual shall not become a Participant in the Plan after December 31, 2009, unless the individual was a participant in a Pension Plan on December 31, 2009, and has not incurred a Separation from Service
after that date and before becoming a Participant in the Plan.” 

 If an individual acquires a legally binding right to a vested benefit under the Plan as a
result of the adoption of this amendment to Section 2.01, and the individual has separated from service before the adoption date, the individual’s benefit shall be distributed or commence as of the later of (1) the first business day
of the first month that begins at least 90 days after the adoption date (but not later than March 15 of the year following the adoption date), and (2) the date that would otherwise have been the individual’s benefit commencement date
under the terms of the Plan. 
  

	3.	In the first sentence of Section 2.02, the parenthetical “(even if his or her compensation, as defined in the Pension Plan, subsequently falls below the IRC
Section 401(a)(17) limit)” is deleted and the following parenthetical is substituted: “(even if his or her Compensation, as defined in the Plan, subsequently falls below the IRC Section 401(a)(17) limit).”

  

	4.	A new Exhibit 1, which lists individuals who are not eligible to become Participants in the Plan, regardless of their Compensation level or their participation in the
Deferred Income Plan for Textron Executives, is attached hereto and added to the Plan. 

 IN WITNESS WHEREOF, Textron Inc. has
caused these amendments to be executed by its duly authorized officer. 
  

							
		 		 	TEXTRON INC.
				
	 Dated: October 12, 2011
	 		 	By	 	/s/ John D. Butler
		 		 		 	John D. Butler
		 		 		 	 Executive Vice President and

Chief Human Resources Officer

  
 - 2 -Letter Agreement between Textron and E. Robert Lupone

 Exhibit 10.17 

 
 

 
  

			
	 Textron Inc.
	  	Tel: (401) 421-2800
	 40 Westminster Street
	  	www.textron.com
	 Providence, RI 02903
	  	

 December 22, 2011 
 Mr. E. Robert Lupone 
 Apt. 2F 
 40 West Elm Street 
 Greenwich, CT 06830 
 Dear Bob: 
 I am pleased to offer you the position of Executive Vice President, General Counsel,
Corporate Secretary, and Chief Compliance Officer, reporting directly to me. The Board and I believe you have the personal and professional qualifications to make significant contributions to the success of Textron and that you will be an excellent
leader of the organization as we address the challenges and opportunities facing us. 
 As Executive Vice President, General Counsel, Corporate
Secretary, and Chief Compliance Officer, you shall have duties, authorities and responsibilities generally commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, subject to
Textron’s By-Laws and its organizational structure. 
 The main features of your compensation package, as approved by the Organization and
Compensation Committee of the Board (the ‘O&C Committee’), are summarized below: 
  

	 	•	 	 Annual Base Salary 

 Base salary will be $600,000 per year, to be annually reviewed by the O&C Committee when it reviews senior executive compensation. 

 

	 	•	 	 Annual Incentive Compensation. 

 You will be eligible to participate in Textron’s Annual Incentive Compensation (AIC) Plan, with an initial target opportunity of 75% of your annualized base salary, based upon the achievement of the
performance goals established for each performance period by the O&C Committee. Actual payouts may vary each performance period from zero to 200% of your target opportunity depending upon, among other things, the O&C Committee’s
determination that you and Textron have achieved the established performance goals. Payouts are generally made within the first
2 1/2 months after the end of the performance
period. 
  

	 	•	 	 Long Term Incentive Compensation. 

 You will be eligible to participate in the Textron Long Term Incentive Compensation (LTIC) Plan with an initial target opportunity of 175% of base salary. Any long-term incentive awards for which you may
be eligible will be determined by the O&C Committee as part of its review of senior management compensation. Awards are made in accordance with the Textron Inc. 2007 Long Term Incentive plan (or under a successor plan) and will be subject to the
terms and conditions of the plan and award agreement under which they are granted. Annual long term incentive awards are generally granted in March and may consist of, among other things, performance shares or performance share units, restricted
stock or restricted stock units, stock options, or other long-term incentive awards in proportions and subject to vesting requirement and other terms and conditions determined by the O&C Committee. 

	 	•	 	 Deferred Income Plan.  

 You will be eligible to participate in the Deferred Income Plan for Textron Executives, or any successor elective deferred compensation plan offered to Textron’s senior executives. The Deferred
Income Plan currently provides a matching contributions equal to 10% of any elective deferred income (not including deferrals of base salary) that are allocated to the Textron stock unit account in the plan. 

 

	 	•	 	 Other Benefits. 

 In addition to the benefits noted above, you will be eligible to participate in employee benefits provided in accordance with the Textron retirement program, key executive severance, health, disability,
life insurance, annual physical, and other welfare benefit programs. Further details will be provided during your orientation. You will be eligible to receive four weeks’ vacation annually. Textron’s retirement program includes the Textron
Savings Plan which is a 401K allowing employee contributions, a company matching contribution, and a company retirement contribution. 
  

	 	•	 	 Relocation. 

 You will be eligible to receive relocation benefits consistent with (and subject to the same tax treatment as) the benefits under Textron’s relocation policy for executives. A copy of the policy is
attached. 
  

	 	•	 	 Additional Benefits. 

 In recognition of the long-term incentive awards you will forfeit when you leave your current position with Siemens, you will receive the following in addition to the compensation described above:

  

	 	1.	A one-time sign-on bonus of $325,000, payable in cash within 30 days of your hire date and subject to applicable taxes. This award will be subject to a requirement that
you repay Textron the full amount if you voluntarily terminate your employment with Textron before the first anniversary of your hire date. 

  

	 	2.	Within 60 days after your first date of employment with Textron, you will receive an award of restricted stock units with a value of $750,000, vesting 1/3 per year
beginning on the third year after the grant. 

  

	 	•	 	 General Provisions 

 You will be covered by the indemnification provisions of Textron’s By-Laws to the same extent as Textron’s other senior officers. Textron will cover you under directors and officers liability
insurance for bona fide claims based on your actions or failure to act in your capacity as Textron officer in the same amount and to the same extent as Textron covers its other officers and directors. 

All equity awards described in this letter will be made under the Textron Inc. 2007 Long-Term Incentive Plan (or under a successor plan),
and will be subject to the terms and conditions of the plan and award agreement under which they are granted. 
 All of the
payments and benefits described in this letter are subject to 1) applicable tax withholding, 2) the terms and conditions of the Textron plans under which they are provided (as amended from time to time), and 3) the requirements of applicable law.
The dollar amounts and values described in this letter are gross amounts, before any applicable tax or tax withholding. 
 This
is an at-will offer of employment, and you understand and agree that this letter does not create an obligation on the Company or any other person to employ you or to continue your employment for any period of time, that either you or our Company may
terminate your employment at any time, with or without cause. This offer is subject to completion of any applicable requirements of Textron’s background check policy, including verification of employment and mandatory drug test. The terms of
the offer will be governed by the laws of Delaware. This offer remains in effect until January 2, 2012. We anticipate that you will start work on a date mutually agreed upon. 

 I am pleased to offer you this opportunity to join the Textron team and look forward to
hearing from you soon. 
  

							
	Sincerely,	 		 		 	
				
	/s/ Scott C. Donnelly	 		 	Date:	 	12/22/11
	Scott C. Donnelly	 		 		 	

 I have read the foregoing offer of at-will employment. I understand that this offer is the complete agreement between me
and Textron concerning the terms of my employment, and that it replaces any prior agreements or understandings between me and Textron or offers or promises made by Textron. I agree with, and accept, this offer of employment subject to the terms and
conditions detailed in this letter and the attachments. 
  

									
					
	Signed:	 	/s/ E. Robert Lupone	 		 	Date:	 	12/23/11
		 	E. Robert Lupone

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