Document:

Amendment No.1 to Raytheon 2010 Stock Plan

  
 Exhibit 10.1

 RAYTHEON 2010 STOCK PLAN 
 AMENDMENT # 1 
 By vote of the Management Development and Compensation Committee affirmed
by the Board of Directors, effective September 23, 2010, the Raytheon 2010 Stock Plan is amended by deleting Section 4.8 in its entirety and by substituting in lieu thereof the following: 

4.8 Committee means the Management Development and Compensation Committee (“MDCC”) of the Company’s
Board, or any subcommittee of the MDCC to which the MDCC may from time to time delegate its authority and responsibility under the Plan; provided, however, that the “Committee” in regard to exercising any authority and responsibility to
grant Awards under the Plan to Participants who are Directors and to make or take, as the case may be, all required or appropriate determinations and actions in respect of such grants shall mean the Governance and Nominating Committee of the
Company’s Board or another Board committee or the Board itself, if so determined by the Board.Form of Restricted Stock Agreement

  
 Exhibit 10.2

 RAYTHEON 2010 STOCK PLAN 
 RESTRICTED STOCK AWARD AGREEMENT 
 This Restricted Stock Award Agreement,
dated as of                         (the “Award Date”) is between Raytheon Company (the “Company”), and
                    , an employee of the Company or one of its Affiliates (“you”). 

 

	1.	Award of Shares 

 The Company hereby
awards you the number of restricted shares of common stock of the Company, par value $.01 per share, set forth below (the “Shares”), subject to the terms and conditions of the Raytheon 2010 Stock Plan (the “Plan”) and the vesting
and other provisions of this Agreement. 
  

					
	 Total Restricted Shares (the “Award”):
	  	Vesting Date /# Shares	 
	 Vesting Schedule:
	  			

  

	2.	Status of Shares During and Upon Vesting 

The Shares shall be registered in your name as of the Award Date until such time as the Shares (or other evidence of ownership of the Shares) are
delivered to you or forfeited to the Company in accordance with the terms hereof (the “Restriction Period”). During the Restriction Period, unless otherwise forfeited, you shall be entitled to vote the Shares and to receive dividends paid
on the Shares, but such Shares may not be sold, transferred, pledged, exchanged, hypothecated or disposed of by you, nor be made subject to execution, attachment or similar process. Subject to Sections 3 and 4 below, if you are continuously employed
by the Company or an Affiliate from the Award Date until the Vesting Date noted above, the Shares associated with that Vesting Date shall vest and the restrictions on those Shares shall lapse. With respect to any Shares that vest, the Company shall
deliver to you evidence of ownership of the net number of such Shares reduced by the number of Shares necessary to satisfy tax withholding obligations as described in Section 5 C below. 

 

	3.	Effect of Termination of Employment 

 If
during the Restriction Period you cease to be an employee of the Company or an Affiliate for any reason other than as set forth in Section 4 below, you shall cease to be entitled to any Shares as to which the applicable restrictions have not
previously lapsed. All rights in and to such Shares, including any prorated portion of the Shares with respect to a partial year of employment, shall be forfeited immediately after you cease to be an employee of the Company or an Affiliate.

  

	4.	Effect of Death, Medical Leave of Absence, Disability or Change in Control 

 Notwithstanding anything above to the contrary, the Shares shall vest and restrictions on the Shares shall lapse as follows: 

 

	 	a)	immediately upon your death; 

  

	 	b)	in accordance with the Vesting Schedule in the event of (i) a Medical Leave of Absence of at least one year or (ii) Disability; or 

 

	 	c)	immediately upon a Change in Control. 

  

	5.	Other Provisions 

  

	 	A.	No Guaranty of Future Awards. This Award does not guarantee you the right to or expectation of future Awards under the Plan or any future plan adopted by
the Company. 

  

	 	B.	No Rights to Continued Employment. This Award shall not be deemed to create a contract or other promise of continued employment with the Company or an Affiliate
and shall not in any way prohibit or restrict the ability of the Company or an Affiliate to terminate your employment at any time for any reason. 

  

	 	C.	Taxes. In addition to amounts in respect of taxes which the Company shall be required by law to deduct or withhold from any dividend payments on the Shares, the
Company may withhold from any Shares vesting hereunder a number of Shares whose market value is sufficient in amount for the Company to satisfy any applicable United States federal, state or other tax withholding requirement under the laws of the
jurisdictions in which you reside or that otherwise may be applicable to you. You shall not be entitled to any Shares or dividends on any Shares until all such tax obligations have been satisfied in full. 

 

	 	D.	Clawback. If you are an elected officer, in addition to any other remedies available to the Company (but subject to applicable law), if the Board determines that
it is appropriate, the Company may recover (in whole or in part) any payment made pursuant to this Award where: (1) the payment was predicated upon achieving certain financial results that were subsequently the subject of a restatement of
Company financial statements filed with the Securities and Exchange Commission; (2) the Board determines that you engaged in knowing or intentional fraudulent or illegal conduct that caused or substantially caused the need for the restatement;
and (3) a lower payment would have been made to you pursuant to the Award based upon the restated financial results. In any such instance, the Company shall, to the extent practicable, seek to recover from you the amount by which the payment
pursuant to the Award for the relevant period exceeded the lower payment that would have been made based on the restated financial results. The Company’s right of recovery applies to both the vested and unvested portion of the Award.

  

	 	E.	Plan. All terms and conditions of the Plan are incorporated herein by reference and constitute an integral part hereof. Any capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Plan. 

  

	 	F.	Notices. Notices required or permitted hereunder shall be in writing and shall be delivered personally or by mail, postage prepaid, and, if to the Company,
addressed to Raytheon Company, 870 Winter Street, Waltham, Massachusetts 02451, Attention: Senior Vice President, Human Resources, and, if to you, to your name and address as shown on the Company’s payroll records. 

Your acceptance of this Award constitutes your agreement to the terms of this Restricted Stock Award Agreement. 

 

	
	RAYTHEON COMPANY
	
	  
	Name:
	Title:

  
 2Form of Restricted Stock Unit Agreement

  
 Exhibit 10.3

 RAYTHEON 2010 STOCK PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 This Restricted Stock Unit Award Agreement, dated
as of                     (the “Award Date”) is between Raytheon Company (the “Company”), and
                    , an employee of the Company or one of its Affiliates (“you”). 

 

	1.	Award of Units 

 The Company hereby awards
you the number of restricted stock units (“Units”) set forth below, with respect to its common stock, par value $0.01 per share (the “Stock”), subject to the terms and conditions of the Raytheon 2010 Stock Plan (the
“Plan”) and the vesting and other provisions of this Agreement. Subject to the provisions hereof, each Unit represents the right to receive one share of Stock ( a “Share”) plus additional cash payments in lieu of dividends as
described in Section 5 below. 
  

					
	 Total Number of Restricted Units

(the “Award”):
	  	Vesting Date/ # Units	 
	 Vesting Schedule:

(Each period from the Award Date until the Vesting Date is a “Restriction Period”.)
	  			

  

	2.	Vesting of Units 

 Subject to Sections 3
and 4 below, if you are continuously employed by the Company or an Affiliate from the Award Date until the Vesting Date noted above, the Units associated with that Vesting Date shall vest and the restrictions on those Units shall lapse. With respect
to any Units that vest, the Company shall promptly deliver to you evidence of ownership of the net number of Shares equal to the number of vested Units reduced by the number of Shares necessary to satisfy tax withholding obligations as described in
Section 6 E below. 
  

	3.	Effect of Termination of Employment 

 If
during the Restriction Period you cease to be an employee of the Company or an Affiliate for any reason, other than as set forth in Section 4 below, then you shall cease to be entitled to any Units or delivery of any Shares in which Units are
settled as to which the applicable restrictions have not previously lapsed. All rights in and to such Units and related Shares, including any prorated portion of Units or related Shares with respect to a partial year of employment, as well as cash
in lieu of dividends as described in Section 5 below, shall be forfeited immediately after you cease to be an employee of the Company or an Affiliate. 
  

	4.	Effect of Death, Medical Leave of Absence, Disability or Change in Control 

 Notwithstanding anything above to the contrary, the Units shall vest and restrictions on the Units shall lapse as follows: 
  

	 	a)	immediately upon your death; 

  

	 	b)	in accordance with the Vesting Schedule in the event of (i) a Medical Leave of Absence of at least one year or (ii) Disability; or 

 

	 	c)	immediately upon a Change in Control. 

  

	5.	Payment of Dividend Equivalents 

 Upon the
vesting and lapsing of restrictions on Units, you shall be entitled to receive a cash payment in lieu of dividends on the number of Shares those Units represent, if and to the extent that the Board has approved a dividend for all Company
shareholders during the Restriction Period applicable to such Units. The dividend equivalent amount shall be a cash payment based upon the number of Units vesting hereunder multiplied by each quarterly per share dividend approved by the Board
multiplied by the number of fiscal quarters during the Restriction Period applicable to such Units. You will not be entitled to any cash payment in lieu of dividends relating to Units covered by this Award which are forfeited prior to vesting.

  

	6.	Other Provisions 

  

	 	A.	No Guaranty of Future Awards. This Award does not guarantee you the right to or expectation of future Awards under the Plan or any future plan adopted by
the Company. 

  

	 	B.	No Rights as Shareholder. You shall not be considered a shareholder of the Company with respect to the Units until Shares are issued to you in
payment of the Units. Therefore, you have no right to vote the Units or to receive dividends with respect to such Units except as provided in Section 5 above. 

 

	 	C.	No Rights to Continued Employment. This Award shall not be deemed to create a contract or other promise of continued employment with the Company or an Affiliate
and shall not in any way prohibit or restrict the ability of the Company or an Affiliate to terminate your employment at any time for any reason. 

  

	 	D.	Restrictions on Transfer of Units. Until the vesting of, and lapse of the restrictions applicable to, any Units and the delivery of Shares in payment therefor,
Units may not be sold, transferred, pledged, exchanged, hypothecated or disposed of by you and shall not be subject to execution, attachment or similar process. 

 

	 	E.	Taxes. Taxes may be assessed and/or withheld as required by law at applicable United States federal, state and/or other tax rates (under the laws of the
jurisdictions in which you reside or that may otherwise be applicable to you) with respect to Units, issuance of Shares and cash in lieu of dividends. 

  

	 	F.	Clawback. If you are an elected officer, in addition to any other remedies available to the Company (but subject to applicable law), if the Board determines that
it is appropriate, the Company may recover (in whole or in part) any payment made pursuant to this Award where: (1) the payment was predicated upon achieving certain financial results that were subsequently the subject of a restatement of
Company financial statements filed with the Securities and Exchange Commission; (2) the Board determines that you engaged in knowing or intentional fraudulent or illegal conduct that caused or substantially caused the need for the restatement;
and (3) a lower payment would have been made to you pursuant to the Award based upon the restated financial results. In any such instance, the Company will, to the extent practicable, seek to recover from you the amount by which the payment
pursuant to the Award for the relevant period exceeded the lower payment that would have been made based on the restated financial results. The Company’s right of recovery applies to both the vested and unvested portion of the Award.

  

	 	G.	Plan. All terms and conditions of the Plan are incorporated herein by reference and constitute an integral part hereof. Any capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Plan. 

  

	 	H.	Notices. Notices required or permitted hereunder shall be in writing and shall be delivered personally or by mail, postage prepaid, addressed to Raytheon
Company, 870 Winter Street, Waltham, Massachusetts 02451, Attention: Senior Vice President, Human Resources, and to you at your address as shown on the Company’s payroll records. 

  
 2 

  
 Your acceptance of this Award
constitutes your agreement to the terms of this Restricted Stock Unit Award Agreement. 
  

	
	RAYTHEON COMPANY
	
	  
	Name:
	Title:

  
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