Document:

EX-10.13

 Exhibit 10.13 

SPIRIT MTA REIT AND SPIRIT MTA REIT, L.P. 

2018 INCENTIVE AWARD PLAN 

RESTRICTED SHARE AWARD GRANT NOTICE 

Spirit MTA REIT, a Maryland real estate investment trust (the “Company”), pursuant to the Spirit MTA REIT and Spirit
MTA REIT, L.P. 2018 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (the “Participant”), in consideration of the mutual agreements set
forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the number of shares of the Company’s Common Shares set forth below (the “Shares”). This
Restricted Share award is subject to all of the terms and conditions as set forth herein and in the Restricted Share Award Agreement attached hereto as Exhibit A (the “Restricted Share Agreement”) (including without
limitation the Restrictions on the Shares set forth in the Restricted Share Agreement) and the Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings in this Restricted Share Award Grant Notice (the “Grant Notice”) and the Restricted Share Agreement. 
  

					
	Participant:	  		  	[________________________]
			
	Grant Date:	  		  	[________________________]
			
	Total Number of Restricted Shares:	  		  	[________________] Shares
			
	Vesting Commencement Date:	  		  	[________________________]
			
	Vesting Schedule:	  		  	[________________]

 By his or her signature and the Company’s signature below, the Participant agrees to be bound by the
terms and conditions of the Plan, the Restricted Share Agreement and this Grant Notice. The Participant has reviewed the Restricted Share Agreement, the Plan and this Grant Notice in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Grant Notice and fully understands all provisions of this Grant Notice, the Restricted Share Agreement and the Plan. The Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Administrator of the Plan upon any questions arising under the Plan, this Grant Notice and/or the Restricted Share Agreement. If the Participant is married, his or her spouse has signed the Consent of Spouse attached to this
Grant Notice as Exhibit B. 
  

											
	SPIRIT MTA REIT:	  		  	PARTICIPANT:
						
	By:	  		  	 	  		  	By:	  	 
	Print Name:	  		  	 	  		  	Print Name:    	  	 
	Title:	  		  	 	  		  		  	
	Address:	  		  	 	  		  	Address:	  	 
		  		  	 	  		  		  	 

 EXHIBIT A 

TO RESTRICTED SHARE AWARD GRANT NOTICE 

RESTRICTED SHARE AWARD AGREEMENT 

Pursuant to the Restricted Share Award Grant Notice (the “Grant Notice”) to which this Restricted Share Award
Agreement (the “Agreement”) is attached, Spirit MTA REIT, a Maryland real estate investment trust (the “Company”) has granted to the Participant the number of Restricted Shares (the
“Shares”) under the Spirit MTA REIT and Spirit MTA REIT, L.P. 2018 Incentive Award Plan, as amended from time to time (the “Plan”), as set forth in the Grant Notice. Capitalized terms not specifically
defined herein shall have the meanings specified in the Plan and the Grant Notice. 
 ARTICLE I. 

GENERAL 
 1.1
Incorporation of Terms of Plan. The Award (as defined below) is subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of
the Plan shall control. 
 ARTICLE II. 

AWARD OF RESTRICTED SHARES 

2.1 Award of Restricted Shares. 

(a) Award. Pursuant to the Grant Notice and upon the terms and conditions set forth in the Plan and this Agreement, effective as of the
Grant Date set forth in the Grant Notice, the Company has granted to the Participant an award of Restricted Shares (the “Award”) under the Plan in consideration of the Participant’s past and/or continued employment with
or service to the Company or its Affiliates, and for other good and valuable consideration which the Administrator has determined exceeds the aggregate par value of the Common Shares subject to the Award as of the Grant Date. The number of Shares
subject to the Award is set forth in the Grant Notice. The Participant is an Employee, Trustee or Consultant of the Company, the Manager, or one of their respective Affiliates. 

(b) Book Entry Form; Certificates. At the sole discretion of the Administrator, the Shares will be issued in either
(i) uncertificated form, with the Shares recorded in the name of the Participant in the books and records of the Company’s transfer agent with appropriate notations regarding the restrictions on transfer imposed pursuant to this Agreement,
and upon vesting and the satisfaction of all conditions set forth in Sections 2.2(b) and (d) hereof, the Company shall remove such notations on any such vested Shares in accordance with Section 2.1(e) below; or (ii) certificated form
pursuant to the terms of Sections 2.1(c), (d) and (e) below. 
 (c) Legend. Certificates representing Shares issued pursuant to
this Agreement shall, until all Restrictions (as defined below) imposed pursuant to this Agreement lapse or have been removed and the Shares have thereby become vested or the Shares represented thereby have been forfeited hereunder, bear the
following legend (or such other legend as shall be determined by the Administrator): 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO CERTAIN VESTING REQUIREMENTS AND MAY BE SUBJECT TO FORFEITURE UNDER THE TERMS OF A RESTRICTED SHARE AWARD AGREEMENT, BY AND BETWEEN SPIRIT 

 
MTA REIT AND THE REGISTERED OWNER OF SUCH SHARES, AND SUCH SHARES MAY NOT BE, DIRECTLY OR INDIRECTLY, OFFERED, TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNDER
ANY CIRCUMSTANCES, EXCEPT PURSUANT TO THE PROVISIONS OF SUCH AGREEMENT.” 
 (d) Escrow. The Secretary of the Company or such
other escrow holder as the Administrator may appoint may retain physical custody of any certificates representing the Shares until all of the Restrictions lapse or shall have been removed; in such event, the Participant shall not retain physical
custody of any certificates representing unvested Shares issued to him or her. The Participant, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its authorized representatives as the
Participant’s attorney(s)-in-fact to effect any transfer of unvested forfeited Shares (or Shares otherwise reacquired by the Company hereunder) to the Company as
may be required pursuant to the Plan or this Agreement and to execute such documents as the Company or such representatives deem necessary or advisable in connection with any such transfer. 

(e) Removal of Notations; Delivery of Certificates Upon Vesting. As soon as administratively practicable after the vesting of any Shares
subject to the Award pursuant to Section 2.2(b) hereof, the Company shall, as applicable, either remove the notations on any Shares subject to the Award issued in book entry form which have vested or deliver to the Participant a certificate or
certificates evidencing the number of Shares subject to the Award which have vested (or, in either case, such lesser number of Shares as may be permitted pursuant to Section 10.2 of the Plan). The Participant (or the beneficiary or personal
representative of the Participant in the event of the Participant’s death or incapacity, as the case may be) shall deliver to the Company any representations or other documents or assurances required by the Company. The Shares so delivered
shall no longer be subject to the Restrictions hereunder. 
 2.2 Restrictions. 

(a) Forfeiture. Notwithstanding any contrary provision of this Agreement, upon the Participant’s Termination of Service for any or
no reason, any portion of the Award (and the Shares subject thereto) which has not vested prior to or in connection with such Termination of Service (after taking into consideration any accelerated vesting and lapsing of Restrictions, if any, which
may occur in connection with such Termination of Service) shall thereupon be forfeited immediately and without any further action by the Company or the Participant, and the Participant shall have no further right or interest in or with respect to
such Shares or such portion of the Award. For purposes of this Agreement, “Restrictions” shall mean the restrictions on sale or other transfer set forth in Section 3.2 hereof and the exposure to forfeiture set forth in
this Section 2.2(a). 
 (b) Vesting and Lapse of Restrictions. Subject to Section 2.2(a) above, the Award shall vest and
Restrictions shall lapse in accordance with the vesting schedule set forth in the Grant Notice (rounding down to the nearest whole Share, except in the case of the final vesting event). In addition, the Award shall vest and the Restrictions shall
lapse in accordance with Section 10.10 of the Plan [and the Company and the Participant acknowledge that the vesting of the Award and lapsing of the Restrictions may be subject to acceleration in the event of a Termination of Service under
certain circumstances in accordance with the Participant’s employment agreement with the Company dated as of [                ]]. Notwithstanding anything contained
herein, the Award shall not vest and the Restrictions shall not lapse to the extent that such lapsing of Restrictions and vesting is prohibited by Section 12.8 of the Plan. 

 (c) Tax Withholding. The Company or its Affiliates shall be entitled to require a cash
payment (or permit the Participant to elect, such other form of payment determined in accordance with Section 10.2 of the Plan) by or on behalf of the Participant and/or to deduct from other compensation payable to the Participant any sums
required by federal, state or local tax law to be withheld with respect to the grant or vesting of the Award or the lapse of the Restrictions hereunder. In satisfaction of the foregoing requirement with respect to the grant or vesting of the Award
or the lapse of the Restrictions hereunder, the Company, the Manager or their respective Affiliates shall withhold Shares otherwise issuable under the Award having a fair market value equal to the sums required to be withheld by federal, state
and/or local tax law. The number of Shares which shall be so withheld in order to satisfy such federal, state and/or local withholding tax liabilities shall be limited to the number of shares which have a fair market value on the date of withholding
no greater than the aggregate amount of such liabilities based on the maximum statutory withholding rates in the applicable jurisdictions for federal, state and/or local tax purposes that are applicable to such taxable income. Notwithstanding any
other provision of this Agreement (including without limitation Section 2.1(b) hereof), the Company shall not be obligated to deliver any new certificate representing Shares to the Participant or the Participant’s legal representative or
to enter any such Shares in book entry form unless and until the Participant or the Participant’s legal representative, as applicable, shall have paid or otherwise satisfied in full the amount of all federal, state and local taxes applicable to
the taxable income of the Participant resulting from the grant or vesting of the Award or the issuance of Shares hereunder. 
 (d)
Conditions to Delivery of Shares. Subject to Section 2.1 above, the Shares deliverable under this Award may be either previously authorized but unissued Shares or Shares purchased on the open market. Such Shares shall be fully paid and
nonassessable. The Company shall not be required to issue or deliver any Shares under this Award prior to fulfillment of the conditions set forth in Section 10.4 of the Plan. 

Notwithstanding the foregoing, the issuance of such Shares shall not be delayed if and to the extent that such delay would result in a
violation of Section 409A of the Code. In the event that the Company delays the issuance of such Shares because it reasonably determines that the issuance of such Shares will violate Applicable Law, such issuance shall be made at the earliest
date at which the Company reasonably determines that issuing such Shares will not cause such violation, as required by Treasury Regulation Section 1.409A-2(b)(7)(ii). 

(e) To ensure compliance with the Restrictions, the Common Share Ownership Limit, the Aggregate Share Ownership Limit (each as defined in the
Company’s charter, as amended from time to time), any other provision of Section 7.2 of the Company’s charter, and/or Applicable Law and for other proper purposes, the Company may issue appropriate “stop transfer” and other
instructions to its transfer agent with respect to the Restricted Shares. The Company shall notify the transfer agent as and when the Restrictions lapse. 

2.3 Consideration to the Company. In consideration of the grant of the Award pursuant hereto, the Participant agrees to render faithful
and efficient services to the Company or any Affiliate. 
 ARTICLE III. 

OTHER PROVISIONS 
 3.1
Section 83(b) Election. The Participant covenants that he or she will not make an election under Section 83(b) of the Code with respect to the receipt of any Share without the consent of the Administrator, which the Administrator may
grant or withhold in its sole discretion. If, with the consent of the Administrator, the Participant makes an election under Section 83(b) of the Code to be taxed with 

 
respect to the Restricted Shares as of the date of transfer of the Restricted Shares rather than as of the date or dates upon which the Participant would otherwise be taxable under
Section 83(a) of the Code, the Participant hereby agrees to deliver a copy of such election to the Company promptly after filing such election with the Internal Revenue Service. 

3.2 Restricted Shares Not Transferable. Until the Restrictions hereunder lapse or expire pursuant to this Agreement and the Shares
vest, the Restricted Shares (including any Shares received by holders thereof with respect to Restricted Shares as a result of share dividends, share splits or any other form of recapitalization) shall be subject to the restrictions on
transferability set forth in Section 10.3 of the Plan; provided, however, that this Section 3.2 notwithstanding, with the consent of the Administrator, the Shares may be transferred to one or more Permitted Transferees, subject to and in
accordance with Section 10.3 of the Plan. Any transfer of the Restricted Shares which is not made in compliance with the Plan and this Agreement shall be null and void and of no effect. 

3.3 Rights as Shareholder. Except as otherwise provided herein, upon the Grant Date, the Participant shall have all the rights of a
shareholder of the Company with respect to the Shares, subject to the Restrictions, including, without limitation, voting rights and rights to receive any cash or share dividends, in respect of the Shares subject to the Award and deliverable
hereunder. 
 3.4 Not a Contract of Service Relationship. Nothing in this Agreement or in the Plan shall confer upon the Participant
any right to continue to serve as an Employee or other service provider of the Company or any of its Affiliates or shall interfere with or restrict in any way the rights of the Company and its Affiliates, which rights are hereby expressly reserved,
to discharge or terminate the services of the Participant at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or the applicable Affiliate and the
Participant. 
 3.5 Governing Law. The laws of the State of Maryland shall govern the interpretation, validity, administration,
enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 

3.6 Conformity to Securities Laws. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent
necessary with all provisions of the Securities Act and the Exchange Act, and any and all Applicable Law. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Award is granted, only in such a manner as to conform
to such laws, rules and regulations. To the extent permitted by Applicable Law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

3.7 Amendment, Suspension and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or
otherwise modified, suspended or terminated at any time or from time to time by the Administrator or the Board; provided, however, that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this
Agreement shall adversely affect the Award in any material way without the prior written consent of the Participant. 
 3.8 Notices.
Any notice to be given under the terms of this Agreement shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to the Participant shall be addressed to the
Participant at the Participant’s last address reflected on the Company’s records. Any notice shall be deemed duly given when sent via email or when sent by reputable overnight courier or by certified mail (return receipt requested) through
the United States Postal Service. 

 3.9 Successors and Assigns. The Company or any Affiliate may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company and its Affiliates. Subject to the restrictions on transfer set forth herein, this Agreement shall be
binding upon the Participant and his or her heirs, executors, administrators, successors and assigns. 
 3.10 Limitations Applicable to
Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if the Participant is subject to Section 16 of the Exchange Act, then the Plan, the Award and this Agreement shall be subject to any
additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application
of such exemptive rule. To the extent permitted by Applicable Law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

3.11 Entire Agreement. The Plan, the Grant Notice and this Agreement (including all Exhibits thereto, if any) constitute the entire
agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and its Affiliates and the Participant with respect to the subject matter hereof. 

3.12 Limitation on the Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein
provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant shall have only the rights of
a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Shares issuable hereunder. 

 EXHIBIT B 

TO RESTRICTED SHARE AWARD GRANT NOTICE 

CONSENT OF SPOUSE 

I,                , spouse
of                , have read and approve the Restricted Share Award Grant Notice (the “Grant Notice”) to which this Consent of Spouse is
attached and the Restricted Share Award Agreement (the “Agreement”) attached to the Grant Notice. In consideration of issuing to my spouse the common shares of beneficial interest of Spirit MTA REIT set forth in the Grant
Notice, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights under the Agreement and agree to be bound by the provisions of the
Agreement insofar as I may have any rights in said Agreement or any common shares of beneficial interest of Spirit MTA REIT issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state
of our residence as of the date of the signing of the foregoing Agreement. 
  

							
	Dated:                     	  	Signature of Spouse:Exhibit

Exhibit 10.1

SEPARATION AGREEMENT

This Agreement is entered into by TransDigm Inc. (“Company”) and Terrance Paradie (“Executive”).  

WHEREAS, Executive’s active employment with Company will cease effective January 2, 2018, but Executive will remain employed by Company until April 2, 2018;

WHEREAS, Company and Executive desire to set forth the payments and benefits to which Executive will be entitled from Company in connection with the cessation of his employment with Company and his execution and non-revocation of a satisfactory release; and

WHEREAS, Company and Executive wish to resolve and settle all matters, claims and issues between them, including, without limitation, Executive’s separation from employment with Company.

NOW, THEREFORE, in consideration of the promises and agreements contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, and intending to be legally bound, Company and Executive hereby agree as follows:
    
ARTICLE I
TERMS
Section 1.01    (a)  Separation; Payments.  Executive’s last date of employment will be April 2, 2018 (the “Separation Date”).   From January 2, 2018 through the Separation Date, Executive will not actively work for Company, however, Executive will respond to requests, as necessary, for assistance in transition issues.  During the period prior to the Separation Date, Company will continue to pay Executive’s salary and maintain Executive’s benefits.

Subject to Executive’s execution of a release in the form attached as Exhibit A (the “Release”) on or after the Separation Date and prior to April 9, 2018 and the timely non-revocation the Release, Company will pay Executive the following, subject to applicable withholdings required by law and pursuant to the procedures set forth hereinafter:

(i)    1.0 times Executive’s annual base salary ($600,000);
(ii)    1.0 times the target bonus for fiscal year 2018 ($480,000);

(iii)    18.0 times the difference of (A) the applicable monthly cost charged for health care coverage subject to COBRA determined as of the Separation Date for the Executive’s applicable health plan coverage as in effect on such date, less 

(B) the monthly cost to Executive that is being charged for such coverage as of the Separation Date (in the aggregate, $22,204.08).

(iv)    Notwithstanding the provisions of the applicable Option Agreements between TransDigm Group Incorporated and Executive, 60% of the unvested options granted on April 24, 2015 shall be permitted to continue to vest in accordance with their terms after the Separation Date and 20% of the unvested options granted on November 10, 2016 shall be permitted to continue to vest in accordance with their terms after the Separation Date and any other unvested options shall terminate as of the Separation Date.  Notwithstanding the provisions of the applicable Option Agreements, all of Executive’s options, whether vested as of the Separation Date or that become vested after the Separation Date in accordance with the previous sentence and the applicable Option Agreement, will remain exercisable under the expiration date set forth in said Option Agreement.  For the avoidance of doubt, Executive will retain any shares of restricted stock to which the restriction on forfeiture have lapsed and will forfeit the remaining 1,567 shares of restricted stock to which the restrictions have not lapsed.
 
(b)     The amounts payable under clauses 1.01(a)(i), (ii) and (iii) will be payable to Executive in substantially equal installments over the 12-month period following the Separation Date, commencing no later than 30 days following the execution and non-revocation of the Release, in accordance with Company’s regular payroll practices.   Notwithstanding the foregoing to the extent the amounts payable under clauses 1.01(a)(i), (ii) and (iii) prior to July 2, 2018, taken together with amounts paid from January 2, 2018 through the Separation Date would exceed, in the aggregate,  $550,000, such excess amount shall not be paid or provided until July 2, 2018, or Executive’s death, whichever occurs first. Any amounts that are withheld under this provision shall be payable in a lump sum on July 2, 2018.  For the avoidance of doubt, for purposes of compliance with the requirements of Internal Revenue Code Section 4091A and the Treasury Regulations thereunder, Executive’s “separation from service” within the meaning of Treasury Regulation §1.409A§1(h)(ii) shall have occurred on January 2, 2018.

(c)    Unless otherwise provided in this Agreement, all of the insurance and other benefit programs which covered Executive and/or his eligible dependents terminate as of the Separation Date, with the exception that any group medical and/or dental and/or vision coverage Executive currently has will continue through April 30, 2018.  Executive retains any vested interest(s) Executive may otherwise have under any qualified retirement plan(s) of Company, which interest(s) shall be available to Executive subject to the terms and conditions of such plan(s) and applicable law.  

ARTICLE II
RELEASE AND RESOLUTION
Section 2.01    Release.  Executive, for himself, his heirs, successors, administrators, executors, legal representatives and assigns, does hereby release, acquit and forever discharge Company and its predecessors, successors, parents, subsidiaries, divisions, affiliated entities and their respective officers, shareholders, directors, agents, employees, insurers, sureties, attorneys, representatives and assigns of and from any and all actions, suits, debts, claims, liabilities, damages, demands, costs, fees (including attorney fees), and expenses whatsoever, whether at law or in equity, whether known or unknown, arising prior to and up to and including the date Executive signs this Agreement.  This release includes, but is not limited to: (i) all claims, demands and causes of action arising out of or in any way related to Executive’s employment and/or separation from employment with Company including, without limiting the generality of the foregoing, any actions sounding in tort, contract (expressed or implied), any claim for promissory estoppel, emotional distress, pain and suffering, punitive damages, wrongful discharge, violation of public policy, discrimination, harassment or retaliation of any kind and/or causes of action arising under federal, state or local laws prohibiting age, sex, religion, national origin, disability, genetic information, race or any other forms of discrimination, harassment or retaliation, including, but not limited to, the Age Discrimination in Employment Act (ADEA), Title VII of the  Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, the Genetic Information Nondiscrimination Act, Ohio or other state civil rights statutes and/or claims growing out of any legal restrictions, if any, on an employer’s right to terminate its employees; or (ii) out of any act, failure to act, transaction or other occurrence of any sort arising on or prior to the date Executive signs this Agreement.  Excluded from this Agreement are: (i) claims to interpret or enforce this Agreement; (ii) claims under applicable workers compensation statutes; (iii) claims that may arise after the date Executive signs this Agreement; and (iv) any claims which by law cannot be waived or released

Section 2.02    No Admission of Liability.  The parties agree that: (i) this Agreement and Executive’s resignation is a means of amicably resolving any differences relating to Executive’s employment and separation from employment; (ii) this Agreement is not intended to be, and should not be construed as, an admission of liability on the part of Company or Executive; and (iii) this Agreement was proposed and entered into as an accommodation solely for the purpose of amicably resolving all issues arising out of Executive’s employment and separation from employment with Company. 

Section 2.03    Not Otherwise Entitled to Consideration.  Executive further acknowledges that the payments and other consideration provided in this Agreement are solely in exchange for the promises he is making in this Agreement and that he is not otherwise entitled to receive the consideration provided for in this Agreement.  By signing this Agreement, Executive expressly waives any claims to 

compensation under Sections 5 and 6 of his Employment Agreement dated April 27, 2015, as amended.

ARTICLE III
TIME TO CONSIDER/ADVISED TO CONSULT ATTORNEY
Section 3.01    Time to Consider/Advised to Consult an Attorney.  Executive acknowledges he has been given a period of twenty-one (21) days to consider the terms of this Agreement and the Release before he signs them.  Executive is advised to consult with an attorney of his choice prior to signing this Agreement and the Release, and acknowledges that if he wished to consult with an attorney, he has done so.

Section 3.02    Effectiveness of Agreement.  This Agreement shall become effective seven calendar days after Executive has signed it.  Prior to the expiration of the seven-day period, Executive has the right to revoke this Agreement by delivering written notice of revocation to Company c/o W. Nicholas Howley, TransDigm Inc., 1301 E. Ninth St., Suite 3000, Cleveland, Ohio  44114, before the seven-day period ends.  If Executive does not revoke this Agreement after signing it and within the seven-day revocation period, this Agreement shall become effective upon the expiration of the revocation period.

 

ARTICLE IV
NON-DISPARAGEMENT
Section 4.01    Non-Disparagement.  Executive further agrees that he will not, directly or indirectly, make or cause to be made any statement to any third party criticizing or disparaging any of the Released Parties.  Company agrees that no officer of Company will make any announcement regarding the reasons for Executive’s separation from employment, other than that Executive resigned for “personal reasons”.  Any request for a reference on behalf of Employee shall be directed to the TransDigm Executive Chairman or Chief Executive Officer and such persons will respond to such request for reference by confirming Employee’s dates of employment, position held and if requested, final compensation, and by making a nondisparaging statement about Executive’s performance.

ARTICLE V
NO OTHER PAYMENTS
Section 5.01    No Other Payments.  Other than the payments described in this Agreement, Executive acknowledges and agrees that he has not earned, and is not eligible for any other monies, bonuses, commissions or other unpaid compensation from Company. 

ARTICLE VI
COMPANY CONFIDENTIAL INFORMATION
Section 6.01    Company Confidential Information.  Executive acknowledges that as an employee of Company, he acquired valuable and confidential knowledge, including but not limited to information relating to Company’s financial status, business requirements, marketing sources, product designs, ideas, discoveries, creations, developments, improvements, and/or processes (“Confidential Information”), which is very valuable to the Company.  Executive agrees not to disclose to or use with any person or entity, any Confidential Information.

Section 6.02    Federal Defend Trade Secrets Act of 2016 – Immunity Notice.  Notice is hereby provided to Executive that nothing in this Agreement shall prohibit, and the Company will not retaliate against Executive and Executive cannot be held criminally or civilly liable under any Federal or State trade secret law for: (a) disclosure of a trade secret to a governmental entity solely for the purpose of reporting or investigating a suspected violation of law, or in a complaint or other document filed in a lawsuit or other proceeding if such filing is made under seal; or (b) disclosure of a trade secret to Executive’s attorney or in a court document under seal in connection with a lawsuit Executive files for retaliation by the Company for reporting a suspected violation of law.
 
ARTICLE VII
RETURN OF COMPANY PROPERTY; RESIGNATION OF POSITIONS
Section 7.01    Return of Property/Passwords/User ID.  Executive has returned all Company property in his possession.  Such property includes, but is not limited to, any Company equipment, keys, Company credit cards, Company records, files, lists and/or any other materials prepared by him or any other Company employee which relate in any way to the Company; provided, however, that Executive may retain his cell phone, laptop computer, keyboard and monitor.  Executive also agrees to immediately provide Company with a written list (identified by Company computer/program/system) of all passwords and any user IDs, if any, Executive used while operating Company equipment when in employ of Company.

Section 7.02    Resignation of Positions.  Executive hereby resigns, effective as of the date hereof, as a director and/or officer of the Company, TransDigm Group Incorporated and any and all subsidiaries of the Company.  Executive shall cooperate with the Company or any such subsidiary in any documentation required to evidence or effect such resignation.

ARTICLE VIII
CONSULTATION AND COOPERATION
Section 8.01    Consultation and Cooperation.  Executive agrees prior to and after the date hereof (including after the Separation Date) to cooperate fully with Company in connection with any matters which may arise concerning Company’s business or operations or litigation to which Company or Executive is a party, and agrees to make himself reasonably available to Company for consultation by telephone or in person as Company may from time to time reasonably request.  No such request by Company will unreasonably interfere with new employment or other obligations or activities which Executive may undertake.

ARTICLE IX
GOVERNMENT AGENCY PROCEEDINGS

Section 9.01    Government Agency Proceedings.  Nothing in this Agreement, including but not limited to the non-disparagement or non-disclosure of Company confidential information or release provisions of this Agreement, nor the Release prevents or prohibits Executive from filing a claim or charge with a government agency that is responsible for enforcing a law or from cooperating, participating or assisting in any government agency or regulatory entity investigation or proceeding.  Notwithstanding the foregoing, Executive agrees and understands that Executive will not accept or be entitled to any further personal relief, recovery or monetary damages from any source whatsoever with respect to any claim that has been released in the Release and that this Agreement and the Release shall control and is the exclusive remedy as to any of the claims released herein.

ARTICLE X
MISCELLANEOUS
Section 10.01    Entire Agreement.  This Agreement, along with Executive’s Employment Agreement and Option Agreements (except as modified or waived by this Agreement) constitute the entire understanding between the parties with respect to their subject matter and supersede all prior agreements and understandings, written or oral, with respect to such subject matter.

Section 10.02    Binding Effect.  This Agreement shall be binding upon and inure to the benefit of Executive and Executive’s heirs, executors and administrators, and upon Company and its affiliates, and Company’s and affiliates’ successors and assigns. 

Section 10.03    Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.  Notwithstanding the choice or conflict of law rules of any court of competent jurisdiction, the laws of Ohio shall be used to interpret and enforce this Agreement.

Section 10.04    Section 409A. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) or an exemption thereunder and shall be construed and administered in accordance with Section 409A.  Notwithstanding any other provision of this Agreement, payments provided hereunder will only be made upon an event and in a manner that complies with Section 409A or an applicable exemption.  Any payments hereunder that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be deemed excluded from Section 409A to the maximum extent possible.  For purposes of Section 409A, each installment payment provided hereunder shall be treated as a separate payment.  Notwithstanding the foregoing, Company makes no representations that the payments provided under this Agreement comply with Section 409A.
Section 10.05    Executive Has Read Separation Agreement.  Executive acknowledges that he has read and understands this Agreement in its entirety; that he is signing it knowingly and voluntarily; and that he intends to be bound by it. 

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IN WITNESS WHEREOF, the parties have set their hands as of the day written.

	
					
	 
	 
	 
	TRANSDIGM INC.

	 
	 
	 
	 
	 

	 
	 
	 
	By:

	TERRANCE PARADIE
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	DATE
	 
	DATE

	 
	 
	 
	 
	 

Exhibit A

RELEASE

Terrance Paradie (“Executive”) hereby executes the following in favor of TransDigm Inc. and TransDigm Group Incorporated (collectively, “Company”)

In exchange for the consideration being provided to Executive under that certain Separation Agreement dated January __, 2018 (the “Separation Agreement”), Executive, for himself, his heirs, successors, administrators, executors, legal representatives and assigns, does hereby release, acquit and forever discharge Company and its predecessors, successors, parents, subsidiaries, divisions, affiliated entities and their respective officers, shareholders, directors, agents, employees, insurers, sureties, attorneys, representatives and assigns of and from any and all actions, suits, debts, claims, liabilities, damages, demands, costs, fees (including attorney fees), and expenses whatsoever, whether at law or in equity, whether known or unknown, arising prior to and up to and including the date Executive signs this Release.  This release includes, but is not limited to: (i) all claims, demands and causes of action arising out of or in any way related to Executive’s employment and/or separation from employment with Company including, without limiting the generality of the foregoing, any actions sounding in tort, contract (expressed or implied), any claim for promissory estoppel, emotional distress, pain and suffering, punitive damages, wrongful discharge, violation of public policy, discrimination, harassment or retaliation of any kind and/or causes of action arising under federal, state or local laws prohibiting age, sex, religion, national origin, disability, genetic information, race or any other forms of discrimination, harassment or retaliation, including, but not limited to, the Age Discrimination in Employment Act (ADEA), Title VII of the  Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, the Genetic Information Nondiscrimination Act, Ohio or other state civil rights statutes and/or claims growing out of any legal restrictions, if any, on an employer’s right to terminate its employees; or (ii) out of any act, failure to act, transaction or other occurrence of any sort arising on or prior to the date Executive signs this Release.  Excluded from this Release are: (i) claims to interpret or enforce the Separation Agreement or this Release; (ii) claims under applicable workers compensation statutes; (iii) claims that may arise after the date Executive signs this Release; and (iv) any claims which by law cannot be waived or released

This Release shall become effective seven calendar days after Executive has signed it.  Prior to the expiration of the seven-day period, Executive has the right to revoke this Agreement by delivering written notice of revocation to Company c/o W. Nicholas Howley, TransDigm Inc., 1301 E. Ninth St., Suite 3000, Cleveland, Ohio  44114, before the seven-day period ends.  If Executive does not revoke this Release after signing it and within the seven-day revocation period, this Release shall become effective upon the expiration of the revocation period.

Executive acknowledges that he has been given a period of twenty-one (21) days to consider the terms of this Release before he signs it, that he has been advised to consult with an attorney of his choice prior to the signing of this Release, and that if he wished to consult with an attorney, he has done so. 

IN WITNESS WHEREOF, the undersigned has set his hand as of April __, 2018.

	
		
	 
	 

	TERRANCE PARADIE

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