Document:

Exhibit

AMENDMENT 
TO
TRIUMPH GROUP, INC.
2018 EQUITY INCENTIVE PLAN
This Amendment (this “Amendment”) amends the Triumph Group, Inc. 2018 Equity Incentive Plan (the “2018 Plan”), effective February 19, 2019.
RECITALS
On February 19, 2019, the Compensation and Management Development Committee (the “Committee”) of the Board of Directors of Triumph Group, Inc. (the “Corporation”) approved amendments to the 2018 Plan.  The purpose of this Amendment is to document such approved amendments.  All capitalized terms used but not defined in this Amendment have the meanings set forth in the 2018 Plan.  
1.Amendment to Section 3(a) of the 2018 Plan.  Section 3(a) of the 2018 Plan is hereby deleted in its entirety and replaced with the following: 

“3.    Shares Subject to the Plan.
(a)    Aggregate Limits.  Subject to Section 15(a), the aggregate number of Shares subject to Awards granted under the Plan is 2,000,000 Shares.  Any Shares subject to Awards that are cancelled, expire, are forfeited, or are the subject of Awards settled in cash without the issuance of any Shares shall be available for re‐grant under the Plan.  Notwithstanding anything to the contrary contained herein, Shares subject to an Award under the Plan shall not again be made available for issuance or delivery under the Plan if such Shares are (i) Shares tendered or withheld in payment of the Option exercise price, or (ii) Shares delivered to or withheld by the Company to satisfy any tax withholding obligation authorized by the Committee.  Shares issued in payment of any Award may either be authorized and unissued Shares or treasury Shares. Any cash tendered to pay any exercise price  or to meet tax withholding obligations will not be used by the Company to purchase additional Shares on the open market for use under this Plan.”  
2.Addition to Section 4(b) of the 2018 Plan.  Section 4(b) of the 2018 Plan, detailing the powers of the Committee, is hereby amended to add the following as subsection (xv) and to renumber the existing subsection (xv) to subsection (xvi):

“(xv) to determine, in its discretion, whether to settle Awards in cash, in Shares, or in some combination; and”
3.No Other Amendments. Except as amended as set forth in this Amendment, the 2018 Plan remains in full force and effect.

4.Governing Law. This Amendment and all determinations made and actions taken pursuant hereto shall be governed by the substantive laws, but not the choice of law rules, of the State of Delaware.Exhibit

[DATE]

[Name]
[Address]
[Address]

RE:    FY__ Long-Term Equity Incentive Award - 
Restricted Stock Units (“RSUs”) and Performance Share Units (“PSUs”)

Dear [Participant]:

In line with our strategic goal to become a High Performance Organization, I am pleased to inform you that on ________ __, ____ the Compensation and Management Development Committee (the “Committee”) of the Company’s Board of Directors approved your long-term equity incentive award comprised of both RSUs and PSUs (the “LTI Award”), each awarded under the Triumph Group, Inc. 2018 Equity Incentive Plan, as amended from time to time (the “Plan”).  All defined terms used in this award notice without definition have the meanings set forth in the Plan, a copy of which is provided with this award notice.  I am also providing the prospectus related to the Plan.

This FY__ Award is based on the following compensation metrics:

FY__ Base Salary:    
% Salary Eligible for LTI Award:            __%($________)

The principal terms of these FY__ LTI Award are:

Grant Date:    
Stock Price at Grant Date:                $______
PSUs                            PSUs to acquire _______ shares at target
RSUs                            RSUs to acquire _______ shares
LTI Performance Period:                ________________________

Performance Stock Units (PSUs):

Number of PSU’s awarded at target on Grant Date:   ___________

The shares underlying the PSUs will vest, if earned, after the end of the three-year performance period.  Both LTI Performance Goals are based on ______________.  The LTI Performance Goals approved by the Committee are as follows: 

	
					
	LTI Performance Goal
	Weighting
	Threshold
	Target
	Maximum

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

The 20-day period at the commencement of the performance period was the 20 trading days leading up to ______________ and the 20-day period for the conclusion of the performance period will be the 20 trading days leading up to _____________.

If performance is at Threshold, the number of shares to be issued is __% of Target, if performance is at Target, the number of shares to be issued is ___% of Target, and if performance is at or above Maximum, the number of shares to be issued is ___% of Target.  For performance between the Threshold, Target and Maximum performance levels, the number of shares earned will be adjusted in a linear fashion.  No payout will be made with respect to a performance goal if performance is below the Threshold level.  Performance against each performance goal is evaluated separately.  To the extent a specified performance goal is achieved at or above the Threshold level, you will receive the number of shares determined to have been earned, regardless of the results of performance against the other performance goal.  

Except as otherwise provided in the Plan, you must provide services to the Company or a subsidiary through the end of the LTI Performance Period to acquire the shares, if any, underlying the PSUs earned.  Within 90 days after the end of the LTI Performance Period, the Committee will determine the level at which the performance goals were achieved.  Each PSU earned will be equal to one share of Common Stock.  If earned, the shares will be issued to you under the Plan as soon as practicable after the determination date.

Restricted Stock Units (RSUs):

One-third of the shares underlying the RSUs will vest every year on the anniversary of the Grant Date for three years.

Total number of RSUs awarded:      

Vesting Schedule:

Except as otherwise provided in the Plan, you must provide services to the Company through and on each vesting date to acquire the shares underlying the RSUs; however, no performance goal need be achieved to acquire these shares.  Each RSU is equal to one share of Common Stock.

General

The Committee has approved the use of net settlement in the payment of any tax or other required withholdings upon vesting of both PSUs and RSUs.  In addition to the specific terms mentioned above, this award is subject to the terms and conditions set forth in the Plan.

If you have any questions about this award, please contact __________ at _______________________________.

Thank you for your efforts and your contribution to the success of Triumph Group, Inc.

Sincerely,

Daniel J. Crowley
President and Chief Executive OfficerExhibit

[DATE]

[Name]
[Address]
[Address] 

		
	RE:
	FY__ Short-Term Cash Incentive Award 

Dear [Participant]:

I am pleased to inform you that on ______ __, ____, the Compensation and Management Development Committee (the “Committee”) of the Company’s Board of Directors approved your receipt of a short-term cash incentive award (the “FY__ Bonus”) awarded under the Triumph Group, Inc. 2018 Executive Cash Incentive Compensation Plan, as amended from time to time (the “Plan”). All defined terms used in this award notice without definition have the meanings set forth in the Plan, a copy of which is provided with this award notice.    
These FY__ Awards are based on the following compensation metrics:
FY__ Base Salary:                        $________
		
	% for FY__ Bonus
	____ % ($________)

FY18 Bonus (Short-Term Cash Award):

STI Performance Goals - There are ______ performance goals: ___________________  Your individual designated strategic goals will be communicated to you.  

STI Performance Goal    Weighting    Threshold        Target            Maximum

If performance is at Threshold, the FY__ Bonus will be paid at 50% of target, if performance is at Target, the FY__ Bonus will be paid at 100% of target, and if performance is at or above Maximum, the FY__ Bonus will be paid at 200% of target.  For performance between the Threshold, Target and Maximum performance levels, the FY__ Bonus earned will be adjusted in a linear fashion.  No payout will be made with respect to a performance goal if performance is below the Threshold level.  To the extent a specified performance goal is achieved at or above the Threshold level, you will receive the FY__ Bonus determined to be earned regardless of the results of performance against the other performance goals.  Performance against each performance goal is evaluated separately.

You must provide services to the Company or a subsidiary through the end of FY__ in order to be paid the FY__ Bonus, if earned.

If you have any questions about this award, please contact ______________ at ____________________.
Thank you for your efforts and your contribution to the success of Triumph Group, Inc.

Sincerely,

Daniel J. Crowley
President and Chief Executive OfficerExhibit 4.1

 

SECOND AMENDMENT

TO

AGREEMENT OF LIMITED PARTNERSHIP

OF

BOSTON CAPITAL TAX CREDIT FUND V L.P.

 

This Second Amendment (this “Second
Amendment”) to Agreement of Limited Partnership of Boston Capital Tax Credit Fund V L.P. (the “Partnership”)
dated as of October 15, 2003, as amended (the “Partnership Agreement”) is entered into effective as of May 22, 2019
by and between Boston Capital Associates V L.L.C., as general partner (the “General Partner”), BCTC V Assignor Corp.,
as assignor limited partner (the “Assignor Limited Partner”) and those persons who are limited partners of the Partnership
(the “Limited Partners”)

 

WHEREAS, the Partnership is a limited partnership
organized under the laws of the State of Delaware pursuant to a Certificate of Limited Partnership filed with the Delaware Secretary
of State on October 15, 2003; and

 

WHEREAS, the Partnership is presently governed
by an Agreement of Limited Partnership dated as of October 15, 2003 and amended as of May 3, 2018, by and among the General Partner,
the Assignor Limited Partner and the Limited Partners; and

 

WHEREAS, Section 10.02(b) of the Partnership
Agreement provides that a majority in Interest of the Limited Partners (or such greater number of Limited Partners as are then
required under the Delaware Revised Uniform Limited Partnership Act), it being understood that the Assignor Limited Partner is
voting at the direction of the Assignees, may amend the Partnership Agreement so long as such amendment (a) does not in any manner
allow the Limited Partners or Assignees to take part in the management or control of the Partnership’s business or otherwise
modify their limited liability, and (b) does not, without the Consent of an affected Partner, alter the rights, powers and duties
of such Partner set forth in Article V of the Partnership Agreement, the interest of such Partner in Profits, Credits and Losses,
or Cash Available for Distribution, or Liquidation, Sale or Refinancing Proceeds as set forth in the Partnership Agreement; and

 

WHEREAS, pursuant to a consent solicitation
statement filed by the General Partner with the Securities and Exchange Commission on July 25, 2018, the Limited Partners holding
a majority in Interest have approved this Second Amendment; and

 

WHEREAS, on May 22, 2019, the General Partner
has approved this Second Amendment.

 

NOW, THEREFORE, the Partners hereby agree
as follows:

 

1.                  
Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Partnership Agreement.

 

2.                  
The Partnership Agreement is hereby amended by deleting in its entirety Section 5.04(c) thereof.

 

3.                  
Section 10.02(a) of the Partnership Agreement is hereby amended and restated in its entirety to read as follows:

 

     

     

    

 

“The consent of 80% in Interest
of the Limited Partners (or of such greater number of Limited Partners as are then required under the Act) (it being understood
that the Assignor Limited Partner is voting at the direction of the Assignees), shall be required to approve any transaction involving
the sale, transfer or other disposition of all or substantially all of the assets of the Partnership when the consideration to
be received by Limited Partners or Assignees does not consist entirely of cash, prior to the consummation of such transaction;
provided, that no such consent shall be required for any other transaction involving the sale, transfer or disposition of all or
substantially all of the assets of the Partnership.”

 

4.                  
Except as specifically modified hereby, the Partnership Agreement shall remain in full force and effect and, except as amended
hereby, all of the terms, covenants, provisions and conditions of the Partnership Agreement are hereby ratified and confirmed in
all respects

 

5.                  
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one instrument.

 

     

     

    

 

 

IN WITNESS WHEREOF, the General Partner
and the Assignor Limited Partner have executed this Second Amendment in accordance with Section 10.02(b) of the Partnership Agreement
as of the date first written above.

  

	 	BOSTON CAPITAL ASSOCIATES V L.L.C.
	 	 	 
	 	 	 
	 	By: 	
	 	 	Name: John P. Manning
	 	 	Title: Managing Member
	 	 	 
	 	 	 
	 	BCTC V ASSIGNOR CORP.
	 	 	 
	 	 	 
	 	By:	
	 	 	Name: John P. Manning
	 	 	Title: President

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