Document:

Unassociated Document

    Exhibit
10g (xviii)

     

    EXECUTIVE
EMPLOYMENT AGREEMENT

     

    This
EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is made as of August 7,2007
between KAMAN CORPORATION, a Connecticut corporation (the “Company”), and NEAL
J. KEATING (the “Executive”), and is amended and restated as of November 11,
2008.

     

    W I T N E
S S E T H:

     

    WHEREAS,
the Company has offered employment to the Executive on the terms set forth
below; and

     

    WHEREAS,
the Executive is prepared to accept such employment, subject to such
terms;

     

    NOW
THEREFORE, in consideration of the foregoing, of the mutual promises contained
herein and of other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     

    1. EMPLOYMENT
TERM; NO CONFLICTING CONTRACTUAL OBLIGATIONS.

     

    (a) The
Executive’s term of employment under this Agreement shall be for an initial term
commencing on September 17, 2007 (the “Effective Date”) and shall end on the
third anniversary of the Effective Date. The term of this Agreement shall be
automatically extended thereafter for successive one (1) year periods unless, at
least ninety (90) days prior to the end of the initial term of this Agreement or
the then current succeeding one-year extended term of this Agreement, the
Company or Executive has notified the other that the term hereunder shall
terminate upon its expiration date. The initial term of this Agreement, as it
may be extended from year to year thereafter, is herein referred to as the
“Employment Term.” In all events hereunder, Executive’s employment is subject to
earlier termination pursuant to Section 7 hereof, and upon such earlier
termination the Employment Term shall be deemed to have ended.

     

    (b) Executive
represents that there are no agreements, understandings or legal requirements
applicable to him that prohibit the execution of this Agreement or prohibit or
otherwise limit the performance of his obligations hereunder or his duties as an
employee of the Company nor will the execution of this Agreement and the
performance of such obligations or duties result in a conflict of interest
between him and any other party.

     

    2.           POSITION
& DUTIES.

     

    (a)           The
Executive shall serve as President and Chief Executive Officer during the
Employment Term.  As President and Chief Executive Officer, the
Executive shall have such duties, authorities and responsibilities commensurate
with the duties, authorities and responsibilities of persons in similar
capacities in similarly sized companies and such other duties and
responsibilities as the Company’s Board of Directors (the “Board”) shall
designate that are consistent with the Executive’s position as President and
Chief Executive Officer.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)           During
the Employment Term, the Executive shall use the Executive’s best reasonable
efforts to perform faithfully and efficiently the duties and responsibilities
assigned to the Executive hereunder (including applicable obligations under
state law) and devote substantially all of the Executive’s business time
(excluding periods of vacation and other approved leaves of absence) to the
performance of the Executive’s duties with the Company, provided the foregoing
shall not prevent the Executive from (i) participating in charitable, civic,
educational, professional, community or industry affairs or, with prior written
approval of the Board, serving on the board of directors or advisory boards of
other companies; and (ii) managing the Executive’s and the Executive’s family’s
personal investments so long as such activities do not materially interfere with
the performance of the Executive’s duties hereunder or create a potential
business conflict or the appearance thereof.  If at any time service
on any board of directors or advisory board would, in the good faith judgment of
the Board, conflict with the Executive’s fiduciary duty to the Company or create
any appearance thereof, the Executive shall promptly resign from such other
board of directors or advisory board after written notice of the conflict is
received from the Board.

     

    (c)           The
Executive further agrees to serve without additional compensation as an officer
and director of any of the Company’s subsidiaries and agrees that any amounts
received from any such corporation may be offset against the amounts due
hereunder.

     

    3.           BASE
SALARY.  The Company agrees to pay the Executive a base salary (the
“Base Salary”) during the Employment Term at an annual rate of $675,000 (subject
to possible increase if the Board, in its sole discretion, so determines),
payable in accordance with the regular payroll practices of the Company, but not
less frequently than monthly.

     

    4.           BONUSES.  The
Executive shall be eligible to participate in the Company’s bonus and other
short and long term incentive compensation plans and programs for the Company’s
senior executives at a level commensurate with the Executive’s position during
the Employment Term.  The Executive shall have the opportunity to earn
an annual target bonus measured against performance criteria to be determined by
the Board (or a committee thereof) of at least 80% of Base Salary as an initial
target bonus opportunity as described in the terms of the Company’s annual bonus
plan as then in effect.  Except as provided under Section 8 of the
Agreement, the Executive shall receive payments with respect to the plans and
programs described in this Section 4 in accordance with the terms of such plans
and programs.

     

    5.           EQUITY
AWARDS.  The Executive shall be eligible to receive additional grants
of stock options, stock appreciation rights, restricted stock and other equity
awards at the sole discretion of the Board or the Personnel and Compensation
Committee (the “Compensation Committee”).  The Executive shall be
subject to, and shall comply with, the Company’s stock ownership guidelines
(unless waived by the Compensation Committee) and the Company’s reasonable
policies regarding forfeitures of cash and equity incentive awards due to
material financial restatements due to executive misconduct, as may be in effect
from time to time, it being agreed that any such policies shall only be
effective with respect to awards made on or after the Effective
Date.  If there is a Change in Control (as defined in the Kaman
Corporation 2003 Stock Incentive Plan in effect on the date hereof), all then
outstanding unvested equity awards granted to the Executive (for example, stock
options, stock appreciation rights and restricted stock), whether under this
Agreement or otherwise, will fully vest and become non-forfeitable and remain
exercisable in accordance with the terms of the applicable Company
plans.

     

    
      
        
        

      

      
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    6.           EMPLOYEE
BENEFITS.

     

    (a)           BENEFIT
PLANS.  The Executive shall be entitled to participate in all employee
benefit plans of the Company including, but not limited to, pension, thrift,
profit sharing, medical coverage, education, other retirement or welfare
benefits and perquisites (as approved by the Compensation Committee) that the
Company has adopted or may adopt, maintain or contribute to for the benefit of
its senior executives at a level commensurate with the Executive’s positions
subject to satisfying the applicable eligibility requirements.

     

    (b)           VACATION.  The
Executive shall be entitled to at least 4 weeks paid vacation per year. Vacation
may be taken at such times as the Executive elects with due regard to the needs
of the Company.  Unused vacation at the end of a calendar year shall
be forfeited according to the Company’s vacation policy.

     

    (c)           AUTOMOBILE.  The
Company shall provide the Executive with a leased automobile as approved by the
Compensation Committee as per the Company’s perquisites policy from time to
time.

     

    (d)           BUSINESS
AND ENTERTAINMENT EXPENSES.  Upon presentation of appropriate
documentation, the Executive shall be reimbursed in accordance with the
Company’s expense reimbursement policy for all reasonable and necessary business
and entertainment expenses incurred in connection with the performance of the
Executive’s duties hereunder.

     

    (e)           CERTAIN
AMENDMENTS.  Nothing herein shall be construed to prevent the Company
from amending, altering, eliminating or reducing any plans, benefits or programs
so long as the Executive continues to receive compensation and benefits
consistent with Sections 3 through 6.

     

    (f)           LIFETIME
LIFE INSURANCE.  The Executive shall participate under the Senior
Executive Life Insurance Program.  Regardless of the reason for the
termination of the Employment Term hereunder, the Company shall continue to make
regular periodic life insurance policy premium payments for the remainder of the
Executive's life (or, if earlier, when the policy becomes fully paid as a result
of regular periodic premium payments) under the terms of the Senior Executive
Life Insurance Program, it being understood that the Executive must retire from
active employment with the Corporation at or after age 62 (or such earlier age
as may be designated by the Board or the Committee) under the Kaman Corporation
Employees' Pension Plan (or its successor) to qualify for lifetime
coverage.

     

    7.           TERMINATION.  The
Executive’s employment and the Employment Term shall terminate on the first of
the following to occur:

     

    
      
        
        

      

      
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    (a)           DISABILITY.  Upon
written notice by the Company to the Executive of termination due to Disability,
while the Executive remains Disabled.  For purposes of this Agreement,
“Disability” shall be deemed the reason for the termination by the Company of
the Executive’s employment, if, as a result of the Executive incapacity due to
physical or mental illness, the Executive shall have been absent from fully
performing the Executive’s duties with the Company for a period of 6 consecutive
months, the Company shall have provided a notice of termination under this
Section 7(a), and, within thirty days after such notice being given, the
Executive shall not have returned to the fully performing the Executive’s duties
hereunder.

     

    (b)           DEATH.  Automatically
on the date of death of the Executive.

     

    (c)           CAUSE.  Immediately
upon written notice by the Company to the Executive of a termination for
Cause.  “Cause” shall mean (i) Executive’s conviction of (or a plea of
guilty or nolo contendere to) a felony or any crime involving moral turpitude,
dishonesty, fraud, theft or financial impropriety; or (ii) a determination by a
majority of the Board in good faith that Executive has (A) willfully and
continuously failed to perform substantially the Executive’s duties (other than
any such failure resulting from the Executive’s Disability or incapacity due to
bodily injury or physical or mental illness), after a written demand for
substantial performance is delivered to the Executive by the Board that
specifically identifies the manner in which the Board believes that the
Executive has not substantially performed the Executive’s duties, (B) engaged in
illegal conduct, an act of dishonesty or gross misconduct, in each case which is
in the course of the Executive’s employment and materially injurious to the
Company, (C) willfully violated a material requirement of the Company’s code of
conduct or the Executive’s fiduciary duty to the Company, or (D) violated
Section 1(b) of this Agreement.  No act or failure to act on the part
of the Executive shall be considered “willful” unless it is done, or omitted to
be done, by the Executive in bad faith and without reasonable belief that the
Executive’s action or omission was in, or not opposed to, the best interests of
the Company.  Notwithstanding the foregoing, Cause shall not include
any act or omission of which the Audit Committee of the Board (or the full
Board) has had actual knowledge of all material facts related thereto for at
least 90 days without asserting that the act or omission constitutes
Cause.

     

    (d)           WITHOUT
CAUSE.  Upon written notice by the Company to the Executive of an
involuntary termination without Cause and other than due to death or
Disability.

     

    (e)           GOOD
REASON.  Upon written notice by the Executive to the Company of a
termination for Good Reason, unless such events are corrected in all material
respects by the Company within 30 days following written notification by the
Executive to the Company, that the Executive intends to terminate the
Executive’s employment hereunder for one of the reasons set forth
below.  “Good Reason” shall mean, without the Executive’s express
written consent, the occurrence of any of the following events:

     

    (1)           the
Company removing the Executive from the position of President and Chief
Executive Officer (other than for Cause);

     

    (2)           a
reduction of the Executive’s Base Salary, annual initial target bonus
opportunity or modified bonus opportunity to the extent the modification to the
initial target bonus opportunity is adverse to the Executive relative to the
modification made to the initial target bonus opportunity of other senior
officers of the Executive’s business unit;

     

    
      
        
        

      

      
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    (3)           a
failure to pay the Executive’s compensation or benefits provided or referred to
under this Agreement;

     

    (4)           the
Executive being required to relocate to a principal place of employment more
than 50 miles from the Executive’s principal place of employment with the
Company as of the Effective Date; or

     

    (5)           the
assignment of duties to the Executive that are materially inconsistent with the
Executive’s positions as President and Chief Executive Officer.

     

    Notwithstanding
the foregoing, (i) a suspension of the Executive’s title and authority while on
administrative leave due to a reasonable belief that the Executive has engaged
in misconduct, whether or not the suspected misconduct constitutes Cause for
employment termination, shall not be considered “Good Reason”; provided that if
such leave is unpaid and either the Executive returns to full-time employment
under this Agreement or it is subsequently determined the Executive’s employment
is to be terminated without Cause, then the compensation and benefits that would
have been payable during such leave will be paid as soon as reasonably
practicable with interest at the prime rate beginning as of the date such leave
commenced plus 100 basis points; (ii) a condition shall not be considered Good
Reason if the Executive does not provide written notification to the Company of
the existence of a condition described above in clauses (1) – (5) above within
90 days following the initial existence of such condition, and (iii) prospective
changes to employee benefits (as defined in Section 6) for future employment
made on an across-the-board basis to all similarly situated executives of the
Company and its subsidiaries shall not be considered Good Reason.

     

    (f)           WITHOUT
GOOD REASON.  Upon 60 days’ prior written notice by the Executive to
the Company of the Executive’s termination of employment without Good Reason
(which the Company may, in its sole discretion, make effective earlier than any
notice date).

     

    (g)           RETIREMENT.  Upon
remaining employed with the Company until at least the attainment of age 65 (the
“Retirement Eligibility Date”).  Nothing herein shall be construed as
limiting the Executive’s right, if any, to terminate employment prior to the
Retirement Eligibility Date and receive compensation and benefits, as
applicable, provided under the respective terms of the Company’s benefit
plans.

     

    8.           CONSEQUENCES
OF TERMINATION.  Any termination payments made and benefits provided
under this Agreement to the Executive shall be in lieu of any termination or
severance payments or benefits for which the Executive may be eligible under any
of the plans, policies or programs of the Company or its affiliates as may be in
effect from time to time including but not limited to the Change in Control
Agreement.  For purposes of determining the date on which to make
payments under this Section 8, a termination of employment shall only occur upon
the Executive’s “separation from service” within the meaning of Section 409A of
the Code and as determined after applying the presumptions set forth in Treas.
Reg. Section 1.409A-1(h)(1).  Except to the extent otherwise provided
in this Agreement, all benefits, including, without limitation, stock options,
stock appreciation rights, restricted stock units and other awards under the
Company’s long-term incentive programs, shall be subject to the terms and
conditions of the plan or arrangement under which such benefits accrue, are
granted or are awarded.  Subject to Section 9, the following amounts
and benefits shall be due to the Executive.

     

    
      
        
        

      

      
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    (a)           DISABILITY.  Upon
employment termination due to Disability, the Company shall pay or provide the
Executive (i) any unpaid Base Salary through the date of termination and any
accrued vacation in accordance with Company policy; (ii) any unpaid bonus or
other short-term and long-term incentive compensation as described in Section 4
above earned with respect to any completed fiscal year; (iii) reimbursement for
any unreimbursed expenses incurred through the date of termination; (iv) all
other payments and benefits to which the Executive may be entitled under the
terms of any applicable compensation arrangement or benefit, equity or
perquisite plan or program or grant or this Agreement, including but not limited
to any applicable pension, retirement and insurance benefits (collectively,
“Accrued Amounts”).  The Executive will also be paid a pro-rata
portion of the Executive’s annual bonus for the performance year in which the
Executive’s termination occurs, payable at the time that annual bonuses are paid
to other senior executives (determined by multiplying the amount the Executive
would have received upon target performance had employment continued through the
end of the performance year by a fraction, the numerator of which is the number
of days during the performance year of termination that the Executive is
employed by the Company and the denominator of which is 365).

     

    (b)           DEATH.  In
the event the Employment Term ends on account of the Executive’s death, the
Executive’s estate (or to the extent a beneficiary has been designated in
accordance with a program, the beneficiary under such program) shall be entitled
to any Accrued Amounts, including but not limited to proceeds from any Company
sponsored life insurance programs.  Executive’s estate (or
beneficiary) will also be paid a pro-rata portion of the Executive’s annual
bonus for the performance year in which the Executive’s death occurs, payable at
the time that annual bonuses are paid to other senior executives (determined by
multiplying the amount the Executive would have received based upon target
performance had employment continued through the end of the performance year by
a fraction, the numerator of which is the number of days during the performance
year of termination that the Executive is employed by the Company and the
denominator of which is 365).

     

    (c)           TERMINATION
FOR CAUSE OR WITHOUT GOOD REASON.  If the Executive’s employment
should be terminated (i) by the Company for Cause, or (ii) by the Executive
without Good Reason, the Company shall pay to the Executive any Accrued
Amounts.

     

    (d)           TERMINATION
WITHOUT CAUSE OR FOR GOOD REASON.  If the Executive’s employment by
the Company is terminated by the Company other than for Cause (other than a
termination due to Disability or death) or by the Executive for Good Reason,
then the Company shall pay or provide the Executive with:

     

    (1)           Accrued
Amounts;

     

    (2)           a
pro-rata portion of the Executive’s annual bonus for the performance year in
which the Executive’s termination occurs, payable at the time that annual
bonuses are paid to other senior executives (determined by multiplying the
amount the Executive would have received based upon actual financial performance
had employment continued through the end of the performance year by a fraction,
the numerator of which is the number of days during the performance year that
the Executive is employed by the Company and the denominator of which is
365);

     

    
      
        
        

      

      
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    (3)           an
amount equal to the product of two times the sum of (i) the Executive’s then
current Base Salary and (ii) the most recent annual bonus paid to the Executive
(or awarded by the Board or the Compensation Committee for the preceding
calendar year if not then paid), payable in a single lump sum within 30 days
after employment termination. Notwithstanding the foregoing, if the Executive
terminates employment within two years of his Retirement Eligibility Date, the
lump sum amount described in the immediately preceding sentence shall be reduced
by multiplying it by a fraction, the numerator of which is the number of days
from the Executive’s employment termination date until the Retirement
Eligibility Date, and the denominator of which is 730;

     

    (4)           (x)
each cash-based long-term performance award for which the performance period has
not yet been completed as of the date of such termination that was granted with
a performance period beginning on or prior to January 1, 2009 (and except as
provided in clause (y) below, with respect to any such award granted with a
performance period beginning after January 1, 2009) shall be deemed fully vested
and fully earned and then shall be cancelled in exchange for an amount payable
in cash 30 days after employment termination equal to 100% of the target value
of such award multiplied by a fraction, the numerator which is the number of
days the Executive remained employed with the Company during the award’s
performance period and the denominator of which is the total number of days
during the award’s performance period; and (y) to the extent necessary for such
compensation to qualify as “performance-based compensation” under Section 162(m)
of the Code, each cash-based long-term performance award for which the
performance period has not yet been completed as of the date of such termination
that was granted with a performance period beginning after January 1, 2009 shall
be payable in cash, at the time that any such long-term performance award is
paid to other senior executives, such payment to be made on a pro-rata basis
(determined by multiplying the amount the Executive would have received based
upon actual financial performance had employment continued through the end of
the performance period by a fraction, the numerator which is the number of days
the Executive remained employed with the Company during the award’s performance
period and the denominator of which is the total number of days during the
award’s performance period);

     

    (5)           immediate
title to the Company automobile to the Executive on an “as is” basis, with the
automobile’s fair market value being taxable to the Executive;

     

    (6)           subject
to the Executive’s continued co-payment of premiums, if required under Company
policy, continued participation for 24 months but in no event later than the
Retirement Eligibility Date in all medical, dental and vision plans which cover
the Executive (and eligible dependents) on a monthly basis upon the same terms
and conditions (except for the requirements of the Executive’s continued
employment) in effect for active employees of the Company.  In the
event the Executive obtains other employment that offers substantially similar
or improved benefits, as to any particular medical, dental or vision plan, such
continuation of coverage by the Company for such similar or improved benefit
under such plan under this subsection shall immediately cease.  The
continuation of health benefits under this subsection shall reduce and count
against the Executive’s rights under the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”).  The parties intend
that the first 18 months of continued medical, dental an vision coverage shall
not constitute a “deferral of compensation” under Treas. Reg. Sect. 1.409A-1(b),
and that the remaining portion of such coverage shall qualify as a
“reimbursement or in-kind benefit plan” under Treas. Reg. Sect.
1.409A-3(i)(1)(iv); and

     

    
      
        
        

      

      
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     (7)           the
Company shall continue to pay all premiums on the life insurance coverage issued
to the Executive for 24 months but in no event later than the Retirement
Eligibility Date in the event that the Executive does not qualify for lifetime
life insurance coverage under Section 6(f).

     

    (e)           RETIREMENT.  If
the Executive terminates employment on or following the Executive’s Retirement
Eligibility Date, the Company shall pay to the Executive:

     

    (1)           any
Accrued Amounts;

     

    (2)           a
pro-rata portion of the Executive’s annual bonus for the performance year in
which the Executive’s retirement occurs, payable at the time that annual bonuses
are paid to other senior executives (determined by multiplying the amount the
Executive would have received based upon actual financial performance had
employment continued through the end of the performance year by a fraction, the
numerator of which is the number of days during the performance year of
termination that the Executive is employed by the Company and the denominator of
which is 365);

     

    (3)           (x)  each
cash-based long-term performance award for which the performance period has not
yet been completed as of the date of such termination that was granted with a
performance period beginning on or prior to January 1, 2009 (and except as
provided in clause (y) below, with respect to any such award granted with a
performance period beginning after January 1, 2009) shall be deemed fully vested
and fully earned and then shall be cancelled in exchange for an amount payable
in cash 30 days after employment termination equal to 100% of the target value
of such award multiplied by a fraction, the numerator which is the number of
days the Executive remained employed with the Company during the award’s
performance period and the denominator of which is the total number of days
during the award’s performance period; and (y) to the extent necessary for such
compensation to qualify as “performance-based compensation” under Section 162(m)
of the Code, each cash-based long-term performance award for which the
performance period has not yet been completed as of the date of such termination
that was granted with a performance period beginning after January 1, 2009 shall
be payable in cash, at the time that any such long-term performance award is
paid to other senior executives, such payment to be made on a pro-rata basis
(determined by multiplying the amount the Executive would have received based
upon actual financial performance had employment continued through the end of
the performance period by a fraction, the numerator which is the number of days
the Executive remained employed with the Company during the award’s performance
period and the denominator of which is the total number of days during the
award’s performance period);

     

    (4)           immediate
title to the Company automobile to the Executive on an “as is” basis, with the
automobile’s fair market value being taxable to the Executive; and

     

    
      
        
        

      

      
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    (5)           the
Executive shall be considered to have “retired” on the Executive’s date of
termination of employment with the Company on or following the Executive’s
Retirement Eligibility Date for purposes of any plans, programs, agreements or
arrangements with the Company or its affiliates.

     

    (f)           ACCELERATION
OF EQUITY AWARDS

     

    If the
Executive’s employment by the Company is terminated by the Company for
Disability (as defined in Section 7(a)) or without Cause (as defined in Section
7(c)), or by the Executive for Good Reason (as defined in Section 7(e)),
Retirement (as defined in Section 7(g)) or due to death, all then outstanding
unvested equity awards granted to the Executive (for example, stock options,
stock appreciation rights and restricted stock), whether under this Agreement or
otherwise, will fully vest and become non-forfeitable and remain
exercisable in accordance with the terms of the applicable Company
plans.  Notwithstanding the foregoing, to the extent that any unvested
equity award is intended to qualify as “performance-based compensation” within
the meaning of Section 162(m) of the Code, based solely on a vesting condition
requiring achievement of one or more performance goals with respect to a
performance period beginning after January 1, 2009, and the Executive’s
employment is terminated under Section 8(d) (without Cause or for Good Reason)
or under Section 8(e) (Retirement), then the number of shares that will vest due
to such event shall equal the number of shares the Executive would have received
based upon actual performance had employment continued through the end of the
performance period multiplied by a fraction, the numerator which is the number
of days the Executive remained employed with the Company during such award’s
performance period and the denominator of which is the total number of days
during such award’s performance period.

     

    (g)           COORDINATION
WITH CHANGE IN CONTROL AGREEMENT.

     

    Notwithstanding anything to the contrary set forth in this Agreement,
if the Executive’s employment with the Company is terminated under circumstances
that result in the payment of “Severance Payments” under the Executive’s Change
in Control Agreement, the Severance Payments under the Executive’s Change in
Control Agreement shall be in lieu of any severance benefits otherwise payable
to the Executive under this Section 8.

     

    (h)           TIMING
OF BONUSES AND CERTAIN CASH-BASED LONG-TERM PERFORMANCE AWARDS

     

    Reference
to paying a pro-rata bonus or a pro-rata cash-based long-term performance award
under Section 8 at the same time as such compensation is paid to other senior
executives shall mean the payment date as determined under the terms of the
Company’s annual bonus plan or cash-based long term performance program then in
effect.  Notwithstanding anything to the contrary in this Section 8,
the pro-rata annual bonus for the performance year of termination (under Section
8(a) (in the event of Disability), Section 8(b) (in the event of death), Section
8(d) (in the event of termination without Cause or for Good Reason) or Section
8(e) (in the event of Retirement) and the pro-rata cash-based long-term
performance award, if any, for any outstanding performance period at the time of
employment termination (under Section 8(d) (in the event of termination with
Cause or for Good Reason) or Section 8(e) (in the event of Retirement)) shall
not be paid earlier than the first business day after the date that is
six-months following the date of the Executive’s termination of employment in
the event that annual bonuses paid to other senior executive for that year are
not paid by March 15th of the calendar year immediately following the calendar
year in respect of which such bonuses are earned.  To the extent that
payment of the pro-rata portion of the annual bonus, cash-based long-term
performance award, or both as provided for herein is so delayed, such payment
shall be credited with interest at the short-term applicable federal rate under
Section 1274 of the Code, determined as of March 15th of the year following such
termination, from such March 15th to the date that such payment is made to the
Executive hereunder.

     

    
      
        
        

      

      
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    9.           CONDITIONS.  Any
payments or benefits made or provided pursuant to Section 8 (other than Accrued
Amounts) are subject to the Executive’s:

     

    (a)           compliance
with the provisions of Section 11 hereof;

     

    (b)           delivery
to the Company of an executed Agreement and General Release (the “General
Release”), which shall be substantially in the form attached hereto as Appendix
A (with such changes therein or additions thereto as needed under then
applicable law to give effect to its intent and purpose) within 21 days (42 days
in the case of an employment termination due to Disability) of presentation
thereof by the Company to the Executive (which presentation by the Company shall
be made no later than two (2) business days following the date of employment
termination as determined under Section 8), which is not subsequently revoked;
and

     

    (c)           delivery
to the Company of a resignation from all offices, directorships and fiduciary
positions with the Company, its affiliates and employee benefit
plans.

     

    For
purposes of any payments or benefits provided under Section 8 (other than
Accrued Amounts) to an Executive’s beneficiary or estate, the beneficiary or
estate shall comply with the provisions of Section 9(b) and Section
11(e).

     

    Notwithstanding
the due date of any post-employment payments, any amounts or benefits due
following an Executive’s employment termination under this Agreement (other than
Accrued Amounts) shall not be due until after the expiration of any revocation
period applicable to the General Release without the Executive having revoked
such General Release.  If the Executive fails to return an executed
General Release to the Company within such 21-day period (42-day period in the
case of an employment termination due to Disability), or the Executive
subsequently revokes such timely release, the Company shall not have any
obligation to pay any amounts or benefits under Section 8 of this
Agreement.  The Executive shall provide the General Release in the
same manner as written notice is provided to the Company under Section 13
below.

     

    Nevertheless
(and regardless of whether the General Release has been executed by the
Executive), upon any termination of Executive’s employment, Executive shall be
entitled to receive any Accrued Amounts, payable within thirty (30) days after
the date of termination of employment or in accordance with the applicable plan,
program or policy.  In the event that the Executive dies before all
payments pursuant to this Section 9 have been paid, all remaining payments shall
be made to the beneficiary specifically designated by the Executive in writing
prior to the Executive’s death, or, if no such beneficiary was designated (or
the Company is unable in good faith to determine the beneficiary designated), to
the Executive’s personal representative or estate.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    10.           SECTION
4999 EXCISE TAX.  The Company shall provide the Executive with a
“Gross-Up Payment”, as defined in the Change in Control Agreement between the
Company and the Executive effective as of August 7, 2007, in the event that any
payment made under this Agreement is subject to excise tax under Section 4999 of
the Code and the Change in Control Agreement does not apply to such
payment.

     

    11.           POST-EMPLOYMENT
OBLIGATIONS

     

    (a)           CONFIDENTIALITY.  The
Executive agrees that the Executive shall not, directly or indirectly, use, make
available, sell, disclose or otherwise communicate to any person, other than in
the course of the Executive’s employment and for the benefit of the Company,
either during the period of the Executive’s employment or at any time
thereafter, any nonpublic, proprietary or confidential information, knowledge or
data relating to the Company, any of its subsidiaries, affiliated companies or
businesses, which shall have been obtained by the Executive during the
Executive’s employment by the Company.  The foregoing shall not apply
to information that (i) was known to the public prior to its disclosure to the
Executive; (ii) becomes known to the public subsequent to disclosure to the
Executive through no wrongful act of the Executive or any representative of the
Executive; or (iii) the Executive is required to disclose by applicable law,
regulation or legal process (provided that the Executive provides the Company
with prior notice of the contemplated disclosure and reasonably cooperates with
the Company at its expense in seeking a protective order or other appropriate
protection of such information).  Notwithstanding clauses (i) and (ii)
of the preceding sentence, the Executive’s obligation to maintain such disclosed
information in confidence shall not terminate where only portions of the
information are in the public domain.

     

    (b)           NON-SOLICITATION.  In
the event that the Executive receives severance benefits under Section 8(d) of
this Agreement, the Executive agrees that for the two (2) year period following
the date of termination the Executive will not, directly or indirectly,
individually or on behalf of any other person, firm, corporation or other
entity, knowingly solicit, aid or induce any managerial level employee of the
Company or any of its subsidiaries or affiliates to leave such employment in
order to accept employment with or render services to or with any other person,
firm, corporation or other entity unaffiliated with the Company or knowingly
take any action to materially assist or aid any other person, firm, corporation
or other entity in identifying or hiring any such employee (provided, that the
foregoing shall not be violated by general advertising not targeted at Company
employees nor by serving as a reference for an employee with regard to an entity
with which the Executive is not affiliated).  For the avoidance of
doubt, if a managerial level employee on his or her own initiative contacts the
Executive for the primary purpose of securing alternative employment, any action
taken by the Executive thereafter shall not be deemed a breach of this Section
11(b).

     

    (c)           NON-COMPETITION.  The
Executive acknowledges that the Executive performs services of a unique nature
for the Company that are irreplaceable, and that the Executive’s performance of
such services to a competing business will result in irreparable harm to the
Company.  Accordingly, in the event that the Executive receives
severance benefits under Section 8(d) of this Agreement, the Executive agrees
that for a period of two (2) years following the date of termination, but not
later than the Executive’s Retirement Eligibility Date, the Executive will not,
directly or indirectly, become connected with, promote the interest of, or
engage in any other business or activity competing with the business of the
Company within the geographical area in which the business of the Company is
conducted.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (d)           NON-DISPARAGEMENT.  Each
of the Executive and the Company (for purposes hereof, “the Company” shall mean
only (i) the Company by press release or otherwise and (ii) the executive
officers and directors thereof and not any other employees) agrees not to make
any public statements that disparage the other party, or in the case of the
Company, its respective affiliates, officers, directors, products or
services.  Notwithstanding the foregoing, statements made in the
course of sworn testimony in administrative, judicial or arbitral proceedings
(including, without limitation, depositions in connection with such proceedings)
or otherwise as required by law shall not be subject to this Section
11(d).

     

    (e)           RETURN
OF COMPANY PROPERTY AND RECORDS.  The Executive agrees that upon
termination of the Executive’s employment, for any cause whatsoever, the
Executive will surrender to the Company in good condition (reasonable wear and
tear excepted) all property and equipment belonging to the Company and all
records kept by the Executive containing the names, addresses or any other
information with regard to customers or customer contacts of the Company, or
concerning any proprietary or confidential information of the Company or any
operational, financial or other documents given to the Executive during the
Executive’s employment with the Company.

     

    (f)           COOPERATION.  The
Executive agrees that, following termination of the Executive’s employment for
any reason, the Executive shall upon reasonable advance notice, and to the
extent it does not interfere with previously scheduled travel plans and does not
unreasonably interfere with other business activities or employment obligations,
assist and cooperate with the Company with regard to any matter or project in
which the Executive was involved during the Executive’s employment, including
any litigation.  The Company shall compensate the Executive for any
lost wages (or, if the Executive is not then employed, provide reasonable
compensation as determined by the Compensation Committee) and expenses
associated with such cooperation and assistance.

     

    (g)           ASSIGNMENT
OF INVENTIONS.  The Executive will promptly communicate and disclose
in writing to the Company all inventions and developments including software,
whether patentable or not, as well as patents and patent applications
(hereinafter collectively called “Inventions”), made, conceived, developed, or
purchased by the Executive, or under which the Executive acquires the right to
grant licenses or to become licensed, alone or jointly with others, which have
arisen or jointly with others, which have arisen or which arise out of the
Executive’s employment with the Company, or relate to any matters directly
pertaining to, the business of the Company or any of its
subsidiaries.  Included herein as if developed during the employment
period is any specialized equipment and software developed for use in the
business of the Company.  All of the Executive’s right, title and
interest in, to, and under all such Inventions, licenses, and right to grant
licenses shall be the sole property of the Company.  As to all such
Inventions, the Executive will, upon request of the Company execute all
documents which the Company deems necessary or proper to enable it to establish
title to such Inventions or other rights, and to enable it to file and prosecute
applications for letters patent of the United States and any foreign country;
and do all things (including the giving of evidence in suits and other
proceedings) which the Company deems necessary or proper to obtain, maintain, or
assert patents for any and all such Inventions or to assert its rights in any
Inventions not patented.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (h)           EQUITABLE
RELIEF AND OTHER REMEDIES.  The parties acknowledge and agree that the
other party’s remedies at law for a breach or threatened breach of any of the
provisions of this Section would be inadequate and, in recognition of this fact,
the parties agree that, in the event of such a breach or threatened breach, in
addition to any remedies at law, the other party, without posting any bond,
shall be entitled to obtain equitable relief in the form of specific
performance, temporary restraining order, a temporary or permanent injunction or
any other equitable remedy which may then be available.

     

    (i)           REFORMATION.  If
it is determined by a court of competent jurisdiction in any state that any
restriction in this Section 11 is excessive in duration or scope or is
unreasonable or unenforceable under the laws of that state, it is the intention
of the parties that such restriction may be modified or amended by the court to
render it enforceable to the maximum extent permitted by the law of that
state.

     

    (j)           SURVIVAL
OF PROVISIONS.  The obligations contained in this Section 11 shall
survive the termination or expiration of the Executive’s employment with the
Company and shall be fully enforceable thereafter.

     

    12.           NO
ASSIGNMENT.

     

    (a)           This
Agreement is personal to each of the parties hereto.  Except as
provided in Section 12(b) below, no party may assign or delegate any rights or
obligations hereunder without first obtaining the written consent of the other
party hereto.

     

    (b)           The
Company may assign this Agreement to any successor to all or substantially all
of the business and/or assets of the Company provided the Company shall require
such successor to expressly assume and agree in writing to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place and shall deliver a
copy of such assignment to the Executive.

     

    13.           NOTICE.  For
the purpose of this Agreement, notices and all other communications provided for
in this Agreement shall be in writing and shall be deemed to have been duly
given (a) on the date of delivery if delivered by hand, (b) on the date of
transmission, if delivered by confirmed facsimile, (c) on the first business day
following the date of deposit if delivered by guaranteed overnight delivery
service, or (d) on the fourth business day following the date delivered or
mailed by United States registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

     

    If to the
Executive: at the address (or to the facsimile number) shown on the records of
the Company

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    If to the
Company:

     

    Kaman
Corporation

    1332 Blue
Hills Avenue, P.O. Box 1

    Bloomfield,
CT 06002

    Attention:
Chief Legal Officer

    Facsimile
No.: 860 243-7397

     

    or to
such other address as either party may have furnished to the other in writing in
accordance herewith, except that notices of change of address shall be effective
only upon receipt.

     

    14.           SECTION
HEADINGS; INCONSISTENCY.  The section headings used in this Agreement
are included solely for convenience and shall not affect, or be used in
connection with, the interpretation of this Agreement.  Except as
provided in the last sentence of Section 15 hereof, if there is any
inconsistency between this Agreement and any other agreement (including but not
limited to any option, stock, long-term incentive or other equity award
agreement), plan, program, policy or practice (collectively, “Other Provision”)
of the Company the terms of this Agreement shall control over such Other
Provision.

     

    15.           PRIOR
AGREEMENTS.  This Agreement supersedes any previous agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof which may exist between the parties, except that it is
specifically acknowledged by the Company that this Agreement does not supersede
the Employment Offer Letter dated August 7,2007 between the parties and which is
incorporated by reference in this Agreement, nor does it supersede the Change in
Control Agreement, or any existing employee benefits as described in Section 6
above or otherwise provided by the Company or its affiliates.

     

    16.           SEVERABILITY.  The
provisions of this Agreement shall be deemed severable and the invalidity of
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof.

     

    17.           COUNTERPARTS.  This
Agreement may be executed in counterparts, each of which shall be deemed to be
an original but all of which together will constitute one and the same
instruments.  One or more counterparts of this Agreement may be
delivered by facsimile, with the intention that delivery by such means shall
have the same effect as delivery of an original counterpart
thereof.

     

    18.           ARBITRATION.  Any
dispute or controversy arising under or in connection with this Agreement, other
than injunctive relief under Section 11(h) hereof or damages for breach of
Section 11, shall be settled exclusively by arbitration, conducted before a
single arbitrator in Hartford, Connecticut administered by the American
Arbitration Association (“AAA”) in accordance with its Commercial Arbitration
Rules then in effect.  The single arbitrator shall be selected by the
mutual agreement of the Company and the Executive, unless the parties are unable
to agree to an arbitrator, in which case, the arbitrator will be selected under
the procedures of the AAA.  The arbitrator will have the authority to
permit discovery and to follow the procedures that he/she determines to be
appropriate.  The arbitrator will have no power to award consequential
(including lost profits), punitive or exemplary damages.  The decision
of the arbitrator will be final and binding upon the parties
hereto.  Judgment may be entered on the arbitrator’s award in any
court having jurisdiction.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    19.           MISCELLANEOUS.  No
provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by the
Executive and such officer or director as may be designated by the
Board.  No waiver by either party hereto at any time of any breach by
the other party hereto of, or compliance with, any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time.  This Agreement together with all exhibits hereto
sets forth the entire agreement of the parties hereto in respect of the subject
matter contained herein.  No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not expressly set forth in this
Agreement.  The validity, interpretation, construction and performance
of this Agreement shall be governed by the laws of the State of Connecticut
without regard to its conflicts of law principles.

     

    20.           PAYMENT
OF COMPENSATION.  The parties intend that the benefits and payments
provided under this Agreement shall be exempt from, or comply with, the
requirements of Section 409A of the Code. Notwithstanding the
foregoing, the Company shall in no event be obligated to indemnify the Executive
for any taxes or interest that may be assessed by the IRS pursuant to Section
409A of the Code.

     

    21.           MITIGATION
OF DAMAGES.  In no event shall the Executive be obliged to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement, nor shall the
amount of any payment hereunder be reduced by any compensation earned by the
Executive as a result of employment by another employer, except as set forth in
this Agreement.

     

    22.           WITHHOLDING.  The
Company may withhold from any and all amounts payable under this Agreement such
federal, state and local taxes as may be required to be withheld pursuant to any
applicable law or regulation.

     

    23.           SURVIVAL.  The
respective obligations of, and benefits afforded to, the Company and Executive
which by their express terms or clear intent survive termination of Executive’s
employment with the Company, including, without limitation, the provisions of
Sections 5 and 8 through 24, inclusive of this Agreement, will survive
termination of Executive’s employment with the Company, and will remain in full
force and effect according to their terms.

     

    24.           AGREEMENT
OF THE PARTIES.  The language used in this Agreement will be deemed to
be the language chosen by the parties hereto to express their mutual intent, and
no rule of strict construction will be applied against any party
hereto.  Neither Executive nor the Company shall be entitled to any
presumption in connection with any determination made hereunder in connection
with any arbitration, judicial or administrative proceeding relating to or
arising under this Agreement.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement.

     

    
      
        	 	
                

                  KAMAN
      CORPORATION

                

              	 
	 	 	 	 
	
              	
                By:
      

              	 	 
	 	 	
                CANDACE
      A. CLARK

              	 
	 	 	 	 
	
                 

              	
                Its:

              	
                SENIOR VICE PRESIDENT, CHIEF
      LEGAL OFFICER AND SECRETARY

              	 
	 	 	 	 
	 	Date: 	 	 
	 	 	 	 
	 	 	 	 
	 	
                

                  NEAL
      J. KEATING

                

              	 
	 	 	 	 
	 	 	 
	 	 	 	 
	 	Date: 	 	 
	 	 	 	 

      

    

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    APPENDIX
A

     

    FORM
OF RELEASE

     

    AGREEMENT
AND GENERAL RELEASE

     

    Kaman
Corporation, its affiliates, subsidiaries, divisions, successors and assigns in
such capacity, and the current, future and former employees, officers,
directors, trustees and agents thereof (collectively referred to throughout this
Agreement as “Employer”), and Neal J. Keating (“Executive”), the Executive’s
heirs, executors, administrators, successors and assigns (collectively referred
to throughout this Agreement as “Employee”) agree:

     

    1. Last Day
of Employment. Executive’s last day of employment with Employer is
_____________. In addition, effective as of DATE, Executive resigns from the
Executive’s positions as ___________ of Employer and will not be eligible for
any benefits or compensation after __________, including payments under the
Executive’s Change in Control Agreement, other than as specifically provided in
Sections 6 and 8 of the Executive Employment Agreement between Employer and
Executive effective as of January 1,2007 (the “Employment Agreement”). Executive
further acknowledges and agrees that, after DATE, the Executive will not
represent the Executive as being a director, employee, officer, trustee, agent
or representative of Employer for any purpose. In addition, effective as of
DATE, Executive resigns from all offices, directorships, trusteeships, committee
memberships and fiduciary capacities held with, or on behalf of, Employer or any
benefit plans of Employer. These resignations will become irrevocable as set
forth in Section 3 below.

     

    2. Consideration.
The parties acknowledge that this Agreement and General Release is being
executed in accordance with Section 9 of the Employment Agreement.

     

    3. Revocation.
Executive may revoke this Agreement and General Release for a period of seven
(7) calendar days following the day Executive executes this Agreement and
General Release. Any revocation within this period must be submitted, in
writing, to Employer and state, “I hereby revoke my acceptance of our Agreement
and General Release.” The revocation must be personally delivered to Employer’s
Chief Legal Officer, or his/her designee, or mailed to Kaman Corporation, 1332
Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002, Attention: Chief Legal
Officer, and postmarked within seven (7) calendar days of execution of this
Agreement and General Release. This Agreement and General Release shall not
become effective or enforceable until the revocation period has expired. If the
last day of the revocation period is a Saturday, Sunday, or legal holiday in
Hartford, Connecticut, then the revocation period shall not expire until the
next following day which is not a Saturday, Sunday, or legal
holiday.

     

    4. General
Release of Claim. Subject to the full satisfaction by the Employer of its
obligations under the Employment Agreement, Employee knowingly and voluntarily
releases and forever discharges Employer from any and all claims, causes of
action, demands, fees and liabilities of any kind whatsoever, whether known and
unknown, against Employer, Employee has, has ever had or may have as of the date
of execution of this Agreement and General Release, including, but not limited
to, any alleged violation of:

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    - Title
VII of the Civil Rights Act of 1964, as amended;

     

    - The
Civil Rights Act of 1991;

     

    -
Sections 198 1 through 1988 of Title 42 of the United States Code, as
amended;

     

    - The
Employee Retirement Income Security Act of 1974, as amended;

     

    - The
Immigration Reform and Control Act, as amended;

     

    - The
Americans with Disabilities Act of 1990, as amended;

     

    - The Age
Discrimination in Employment Act of 1967, as amended;

     

    - The
Older Workers Benefit Protection Act of 1990;

     

    - The
Worker Adjustment and Retraining Notification Act, as amended;

     

    - The
Occupational Safety and Health Act, as amended;

     

    - The
Family and Medical Leave Act of 1993;

     

    - Any
wage payment and collection, equal pay and other similar laws, acts and statutes
of the State of Connecticut;

     

    - Any
other federal, state or local civil or human rights law or any other local,
state or federal law, regulation or ordinance;

     

    - Any
public policy, contract, tort, or common law; or - Any allegation for costs,
fees, or other expenses including attorneys fees incurred in these
matters.

     

    Notwithstanding
anything herein to the contrary, the sole matters to which the Agreement and
General Release do not apply are: (i) Employee’s express rights under any
pension (including but not limited to any rights under the Kaman Corporation
Supplemental Retirement Plan) or claims for accrued vested benefits under any
other employee benefit plan, policy or arrangement maintained by Employer or
under COBRA and other Accrued Amounts (as such term is defined in the Employment
Agreement); (ii) Employee’s rights under the provisions of the Employment
Agreement which are intended to survive termination of employment; or (iii)
Employee’s rights as a stockholder.

     

    5. No Claims
Permitted. Employee waives Executive’s right to file any charge or complaint
against Employer arising out of Executive’s employment with or separation from
Employer before any federal, state or local court or any state or local
administrative agency, except where such waivers are prohibited by
law.

     

    6. Affirmations.
Employee affirms Executive has not filed, has not caused to be filed, and is not
presently a party to, any claim, complaint, or action against Employer in any
forum. Employee further affirms that the Executive has been paid and/or has
received all compensation, wages, bonuses, commissions, and/or benefits to which
Executive may be entitled and no other compensation, wages, bonuses, commissions
and/or benefits are due to Executive, except as provided in Sections 6 and 8 of
the Employment Agreement. Employee also affirms Executive has no known workplace
injuries.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    7. Cooperation;
Return of Property. In accordance with Section 1 l(f) of the Employment
Agreement, Employee agrees to reasonably cooperate with Employer and its counsel
in connection with any investigation, administrative proceeding or litigation
relating to any matter that occurred during Executive’s employment in which
Executive was involved or of which Executive has knowledge and Employer will
reimburse the Employee for any reasonable out-of-pocket travel, delivery or
similar expenses incurred and lost wages (or will provide reasonable
compensation if Executive is not then employed) in providing such service to
Employer. Employee represents that Executive has complied with Section 1 l(e) of
the Employee Agreement regarding the return of property.

     

    8. Governing
Law and Interpretation. This Agreement and General Release shall be governed and
conformed in accordance with the laws of the State of Connecticut without regard
to its conflict of laws provisions. In the event Employee or Employer breaches
any provision of this Agreement and General Release, Employee and Employer
affirm either may institute an action to specifically enforce any term or terms
of this Agreement and General Release. Should any provision of this Agreement
and General Release be declared illegal or unenforceable by any court of
competent jurisdiction and should the provision be incapable of being modified
to be enforceable, such provision shall immediately become null and void,
leaving the remainder of this Agreement and General Release in full force and
effect. Nothing herein, however, shall operate to void or nullify any general
release language contained in the Agreement and General Release.

     

    9. No
Admission of Wrongdoing. Employee agrees neither this Agreement and General
Release nor the furnishing of the consideration for this Release shall be deemed
or construed at any time for any purpose as an admission by Employer of any
liability or unlawful conduct of any kind.

     

    10. Amendment.
This Agreement and General Release may not be modified, altered or changed
except upon express written consent of both parties wherein specific reference
is made to this Agreement and General Release.

     

    11. Entire
Agreement. This Agreement and General Release sets forth the entire agreement
between the parties hereto and fully supersedes any prior agreements or
understandings between the parties; provided, however, that notwithstanding
anything in this Agreement and General Release, the provisions in the Employment
Agreement which are intended to survive termination of the Employment Agreement,
including but not limited to those contained in Section 11 thereof, shall
survive and continue in full force and effect. Employee acknowledges Executive
has not relied on any representations, promises, or agreements of any kind made
to Executive in connection with Executive’s decision to accept this Agreement
and General Release.

     

    EMPLOYEE
HAS BEEN ADVISED THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO
REVIEW THIS AGREEMENT AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING TO
CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL
RELEASE.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    EMPLOYEE
AGREES ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE
(21) CALENDAR DAY CONSIDERATION PERIOD.

     

    HAVING
ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
SET FORTH HEREIN, AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE
EMPLOYMENT AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE
CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO
WAIVE, SETTLE AND RELEASE ALL CLAIMS EXECUTIVE HAS OR MIGHT HAVE AGAINST
EMPLOYER.

     

    IN
WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
Agreement and General Release as of the date set forth below:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      	 	
                                                                              KAMAN
      CORPORATION

                                                                            	 
	 	 	 	 
	 	 	 	 
	
                                                                            	
                                                                              By:
      

                                                                            	 	 
	 	 	 	 
	 	Name:	 	 
	 	 	 	 
	 	Title:	 	 	 
	 	 	 	 	 
	 	Date:	 	 	 
	 	
                                                                            	 	 
	 	 	 	 
	 	 	 
	 	
                                                                              Neal
      J. Keating

                                                                            	 
	 	 	 	 	 
	 	Date:	 	 	 

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        20Unassociated Document

    
       

      
        Exhibit
10g (xix)

         

        KAMAN
CORPORATION

        AMENDED AND
RESTATED

        CHANGE IN CONTROL
AGREEMENT

         

        

        THIS
AGREEMENT is made effective as of August 7, 2007 by and between KAMAN
CORPORATION, a Connecticut corporation (the “Company”), and NEAL J. KEATING (the
“Executive”), and is amended and restated as of November 11, 2008.

        

        WHEREAS,
the Company considers it essential to the best interests of its shareholders to
foster the continued employment of key management personnel; and

        

        WHEREAS,
in furtherance of this objective, the Company and Executive have executed an
Employment Agreement dated as of August 7, 2007 with the term of such agreement
beginning September 17, 2007 (the “Effective Date”); and

        

        WHEREAS,
the Board recognizes that the possibility of a Change in Control exists and that
such possibility, which will not be addressed by the Employment Agreement, and
the uncertainty and questions which it may raise among management, may result in
the departure or distraction of management personnel to the detriment of the
Company and its shareholders; and

        

        WHEREAS,
the Board has determined that appropriate steps should be taken to reinforce and
encourage the continued attention and dedication of members of the Company’s
management, including the Executive, to their assigned duties without the
potential distractions arising from the possibility of a Change in
Control;

        

        NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein
contained, the Company and the Executive hereby agree as follows:

        

        1.           Defined
Terms.  Definitions of capitalized terms used in this Agreement
are provided in the last Section of this Agreement.

         

        2.           Term.  This
Agreement shall terminate on the fifth anniversary of the Effective
Date.  The term of this Agreement shall be automatically extended
thereafter for successive one (1) year periods unless, at least ninety (90) days
prior to the end of the fourth anniversary of the Effective Date or the then
current succeeding one-year extended term of this Agreement, the Company or
Executive has notified the other that the term hereunder shall expire at the end
of the then-current term.  Notwithstanding any such notice, the term
of this Agreement shall not expire before the second anniversary of a Change in
Control that occurs within the term of this Agreement.  The initial
term of this Agreement, as it may be extended under this Section 2, is herein
referred to as the “Term.”

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        3.           Company’s Covenants
Summarized.  In order to induce the Executive to remain in the
employ of the Company and in consideration of the Executive’s continued
employment, the Company agrees, under the conditions described herein, to pay
the Executive the Severance Payments and the other payments and benefits
described in this Agreement.  Except as provided in Section 5.1 of
this Agreement, no Severance Payments (as defined in Section 5) shall be payable
under this Agreement unless there shall have been a termination of the
Executive’s employment with the Company following a Change in
Control.  This Agreement shall not be construed as creating an express
or implied contract of employment and, except as otherwise agreed in writing
between the Executive and the Company, the Executive shall not have any right to
be retained in the employ of the Company.

         

        4.           Compensation Other Than
Severance Payments.

         

        4.1           If
the Executive’s employment shall be terminated for any reason following a Change
in Control, the Company shall pay the Executive’s full salary to the Executive
through the Date of Termination at the rate in effect immediately prior to the
Date of Termination or, if Section 18(n)(ii) is applicable as an event or
circumstance constituting Good Reason, the rate in effect immediately prior to
such event or circumstance, together with all compensation and benefits payable
to the Executive through the Date of Termination under the terms of the
Company’s compensation and benefit plans, programs or arrangements as in effect
immediately prior to the Date of Termination (or, if more favorable to the
Executive, as in effect immediately prior to the first occurrence of an event or
circumstance constituting Good Reason).  In addition, if the
Executive’s employment is terminated for any reason following a Change in
Control other than (a) by the Company for Cause and (b) by the Executive without
Good Reason, then the Company shall pay a pro-rata portion of the Executive’s
annual bonus for the performance year in which such termination occurs to the
Executive on the later of (x) the date that annual bonuses are generally paid to
other senior executives and (y) the date that is the first business day after
the date that is six months after the Date of Termination.  This
pro-rata bonus shall be determined by multiplying the amount the Executive would
have received based upon actual financial performance through such termination,
as reasonably determined by the Company, by a fraction, the numerator of which
is the number of days during such performance year that the Executive is
employed by the Company and the denominator of which is 365.

         

        4.2           If
the Executive’s employment shall be terminated for any reason following a Change
in Control, the Company shall pay to the Executive the Executive’s normal
post-termination compensation and benefits as such payments become
due.  Such post-termination compensation and benefits shall be
determined under, and paid in accordance with, the Company’s retirement,
insurance and other compensation or benefit plans, programs and arrangements as
in effect immediately prior to the Date of Termination or, if more favorable to
the Executive, as in effect immediately prior to the occurrence of the first
event or circumstance constituting Good Reason.

        

        5.           Severance
Payments.

         

        5.1           If
the Executive’s employment is terminated during the twenty-four (24) month
period immediately following a Change in Control, other than (A) by the Company
for Cause, (B) by reason of death or Disability, or (C) by the Executive without
Good Reason, then the Company shall pay the Executive the amounts, and provide
the Executive the benefits described in this Section 5 (collectively, the
“Severance Payments”) in addition to any payments and benefits to which the
Executive is entitled under Section 4 of this Agreement.  The
Executive shall also be entitled to Severance Payments under this Agreement if
the Executive’s employment is terminated without Cause by the Company or by the
Executive for Good Reason at any time beginning on the first day of the 90 day
period immediately prior to the execution of a definitive purchase and sale
agreement that results in such Change in Control and the closing of such Change
in Control.

        
          
             

          

          
            - 2
-

            
              

            

          

          
             

          

        

        
 

        
          	
                   
      

                	
                  (a)

                	
                  In
      lieu of any further salary payments to the Executive for periods
      subsequent to the Date of Termination and in lieu of any severance benefit
      payable to the Executive under the Executive’s Employment Agreement with
      the Company or otherwise, the Company shall pay to the Executive a lump
      sum severance payment, in cash, equal to the sum of (i) three (3) times
      the Executive’s base salary as in effect immediately prior to the Date of
      Termination or, if Section 18(n)(ii) is applicable as an event or
      circumstance constituting Good Reason, the rate in effect immediately
      prior to such event or circumstance, and (ii) three (3) times the last
      annual bonus paid or awarded (to the extent not yet paid) to the Executive
      in the previous three (3) years (if any) immediately preceding the Date of
      Termination, pursuant to any annual bonus or incentive plan maintained by
      the Company.

                

        

        

        
          	
                   
      

                	
                  (b)

                	
                  For
      the twenty-four (24) month period immediately following the Date of
      Termination, the Company shall arrange to provide the Executive and his
      dependents medical, dental, and accidental death and dismemberment
      benefits on a monthly basis that is substantially similar to such benefits
      as provided to the Executive and his dependents immediately prior to the
      Date of Termination or, if more favorable to the Executive, those provided
      to the Executive and his dependents immediately prior to the first
      occurrence of an event or circumstance constituting Good Reason, at no
      greater cost to the Executive than the cost to the Executive immediately
      prior to such date or occurrence.  The parties intend that the
      first 18 months of continued medical and dental coverage shall not
      constitute a “deferral of compensation” under Treas. Reg. Sect.
      1.409A-1(b), and that continued accidental death and dismemberment
      benefits hereunder shall qualify as a “limited payment” of an “in kind”
      benefit under Treas. Reg. Sect. 1.409A-1(b)(9)(v)(C) and
      (D).  Any portion of the continued medical, dental and
      accidental death and dismemberment coverage under this Section 5.1(b) that
      is subject to Section 409A is intended to qualify as a “reimbursement or
      in-kind benefit plan” under Treas. Reg. Sect.
      1.409A-3(i)(1)(iv).  Benefits otherwise receivable by the
      Executive pursuant to this Section 5.1(b) shall be reduced to the extent
      benefits of the same type are received by or made available by a
      subsequent employer to the Executive during the twenty-four (24) month
      period following the Date of Termination (and any such benefits received
      by or made available to the Executive shall be reported to the Company by
      the Executive); provided, however, that the Company shall reimburse the
      Executive for the excess, if any, of the cost of such benefits to the
      Executive over such cost immediately prior to the Date of Termination or,
      if more favorable to the Executive, the first occurrence of an event or
      circumstance constituting Good Reason.  Any such reimbursement
      under this Section 5.1(b) shall be made promptly in accordance with
      Company policy, but in any event on or before the last day of the
      Executive’s taxable year following the taxable year in which the expense
      or cost was incurred.  In no event shall the amount that the
      Company pays for any such benefit in any one year affect the amount that
      it will pay in any other year and in no event shall the benefits described
      in this paragraph be subject to liquidation or
  exchange.

                

        

         

        
          
             

          

          
            - 3
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                  (c)

                	
                  Notwithstanding
      any provision to the contrary in any plan or agreement maintained by or
      through the Company pursuant to which the Executive has been granted
      restricted stock, stock options, stock appreciation rights or long-term
      performance awards, effective on the Date of Termination, (i) all service
      and performance based restrictions with respect to any then unvested
      restricted stock shall lapse, (ii) all stock appreciation rights and stock
      options shall be deemed fully vested and then canceled in exchange for a
      cash payment equal to the excess of the fair market value of the shares of
      Company stock subject to the stock appreciation right or stock option on
      the Date of Termination, over the exercise price(s) of such stock
      appreciation rights or stock options, and (iii) all unvested long-term
      performance awards (each, an “LTIP Award”) shall be deemed fully vested
      and fully earned and then shall be canceled in exchange for a cash payment
      equal to 100% of the target value of each such award; provided, however
      that, if necessary for such compensation to qualify as “performance-based
      compensation” under Section 162(m) of the Code, an unvested Post January
      1, 2009 Award (as defined herein) shall only vest when such award would
      otherwise have vested and the actual amount that the Executive shall
      receive with respect to any such award will be determined by multiplying
      the amount the Executive would have received based upon actual performance
      for the entire period by a fraction, the numerator which is the number of
      days the Executive remained employed with the Company during such award’s
      performance period and the denominator of which is the total number of
      days during such award’s performance period.  For purposes of
      this Section 5.1(c), a “Post January 1, 2009 Award” shall mean an LTIP
      Award intended to qualify as “performance-based compensation” within the
      meaning of Section 162(m) of the Code with a performance period beginning
      after January 1, 2009.

                

        

        

        
          	
                   
      

                	
                  (d)

                	
                  In
      addition to the retirement benefits to which the Executive is entitled
      under any tax-qualified, supplemental or excess benefit pension plan
      maintained by the Company and any other plan or agreement entered into
      between the Executive and the Company which is designed to provide the
      Executive supplemental retirement benefits (the “Pension Plans”) or any
      successor plan thereto, effective upon the Date of Termination, the
      Executive shall be credited with an additional three (3) years of
      “Credited Service” and “Continuous Service” (as defined in the Kaman
      Corporation Amended and Restated Employees’ Pension Plan) when calculating
      the Executive’s benefit under Post-2004 Kaman Corporation Supplemental
      Employees Retirement Plan (“SERP”).  The enhancement to the SERP
      provided under this Section 5.1(d) shall be paid at the same time and in
      the same manner as other benefits provided to the Executive under the
      SERP.  For avoidance of doubt, the Severance Payments payable
      under this Agreement shall be disregarded when determining the Executive’s
      Final Average Salary  (as defined
      under the Kaman Corporation Amended and Restated Employees’ Pension Plan)
      for purposes of calculating the benefits payable under the SERP as
      modified by this Section
5.1(d).

                

        

        
          
             

          

          
            - 4
-

            
              

            

          

          
             

          

        

        
 

        
          	
                   
      

                	
                  (e)

                	
                  If
      the Executive would have become entitled to benefits under the Company’s
      post-retirement health care plans, as in effect immediately prior to the
      Date of Termination or, if more favorable to the Executive, as in effect
      immediately prior to the first occurrence of an event or circumstance
      constituting Good Reason, had the Executive’s employment terminated at any
      time during the period of twenty-four (24) months after the Date of
      Termination, the Company shall provide such post-retirement health care
      benefits to the Executive and the Executive’s dependents commencing on the
      later of (i) the date on which such coverage would have first become
      available and (ii) the date on which benefits described in Section 5.1 (b)
      terminate.

                

        

        

        
          	
                   
      

                	
                  (f)

                	
                  The
      Company (i) shall prepay all remaining premiums under any insurance policy
      maintained by the Company insuring the life of the Executive that is in
      effect and (ii) shall transfer to the Executive any and all rights and
      incidents of ownership in such arrangements at no cost to the
      Executive.

                

        

        

        
          	
                   
      

                	
                  (g)

                	
                  The
      Company shall provide the Executive with reimbursement for up to Thirty
      Thousand Dollars ($30,000) in the aggregate for outplacement services,
      relocation costs, or both provided however that reimbursement shall only
      be provided until the earlier of the first anniversary of the Date of
      Termination or the Executive’s first day of employment with a new
      employer.  It is intended that reimbursements under this Section
      5.1(g) shall not constitute a “deferral of compensation” for purposes of
      Section 409A of the Code pursuant to Treas. Reg. Sect.
      1.409A-1(a)(9)(v)(A) and (C).

                

        

        

        
          	
                   
      

                	
                  (h)

                	
                  The
      Executive shall be entitled to the Company automobile provided to the
      Executive immediately prior to employment termination under this Section
      5.1 at no cost for a period of six months after employment termination
      (the “Car Lease Benefit”).  Notwithstanding the foregoing, the
      Executive must pay the Company for the fair market value of the Car Lease
      Benefit to the extent that it, when added to the cost of continued
      accidental death and dismemberment coverage under Section 5.1(b) during
      this six month period, exceeds the applicable dollar amount under Section
      402(g)(1)(B) of the Code.  It is intended that the Car Lease
      Benefit qualify as a “limited payment” of an “in-kind” benefit under
      Treas. Reg. Sect. 1.409A-1(a)(9)(v)(C) and (D).  The Company
      shall continue to maintain an insurance policy that will cover the
      Executive’s use during the period of the Car Lease
  Benefit.

                

        

        

        
          	
                   
      

                	
                  (i)

                	
                  On
      the first business day following expiration of the Car Lease Benefit, the
      Company shall transfer all of its then current rights to the Company
      automobile described in Section 5.1(h) above to the
    Executive.

                

        

        
          
             

          

          
            - 5
-

            
              

            

          

          
             

          

        

        

        
          	
                   
      

                	
                  (j)

                	
                  The
      Executive acknowledges that the Car Lease Benefit (less payments by the
      Executive, if any) and the Company’s transfer of its rights to the Company
      automobile to the Executive will constitute taxable compensation
      reportable by the Company on IRS Form
W-2.

                

        

        

        5.2           Section 4999 Excise
Tax.

         

        
          	
                   
      

                	
                  (a)

                	
                  If
      any payments, rights or benefits (whether pursuant to the terms of
      this Agreement or any other plan, arrangement or agreement of Executive
      with the Company or with any person affiliated with the Company and
      whether or not the Executive’s employment has then terminated (the
      “Payments”)) received or to be received by Executive will be subject to
      the tax (the “Excise Tax”) imposed by Section 4999 of the Code (or any
      similar tax that may hereafter be imposed), then, except as set forth in
      Section 5.2(b) below, the Company shall pay to Executive an amount in
      addition to the Payments (the “Gross-Up Payment”) as calculated
      below.  The Gross-Up Payment shall be in an amount such that,
      after deduction of any Excise Tax on the Payments and any federal, state
      and local income and employment tax and Excise Tax on the Gross-Up
      Payment, but before deduction for any federal, state or local income and
      employment tax on the Payments, the net amount retained by the Executive
      shall be equal to the Payments.

                

        

         

        
          	
                   
      

                	
                  (b)

                	
                  Notwithstanding
      anything in this Agreement to the contrary, if the amount of Payments that
      will be subject to the Excise Tax does not
      exceed the amount of Payments that Executive could receive without having
      any Payments become subject to the Excise Tax by at least
      $100,000, then Executive’s taxable cash-based benefits under
      this Agreement will first be reduced in the order selected by Executive,
      and then, if necessary, Executive’s equity-based compensation (based on
      the value of such equity-based compensation as a “parachute payment” as
      defined in Treasury Regulations promulgated under Section 280G of the Code
      and IRS revenue rulings, revenue procedures and other official guidance)
      shall be reduced in the order selected by Executive, and then any other
      Payments shall be reduced as reasonably determined by the Company, to the
      extent necessary to avoid imposition of the Excise Tax.  If
      Executive does not select the amount to be reduced within the time
      prescribed by the Company, the reductions specified herein shall be made
      by the Company in its sole discretion from such compensation as it shall
      determine.  Any amount so reduced shall be irrevocably forfeited
      and Executive shall have no further rights to receive
      it.

                

        

         

        
          	
                   
      

                	
                  (c)

                	
                  The process for calculating the Excise Tax,
      determining the amount of any Gross-Up Payment and other procedures
      relating to this Section 5.2 are set forth in Appendix A attached
      hereto.  For purposes of making the determinations and
      calculations required herein, the Consultant may rely on reasonable, good
      faith interpretations concerning the application of Section 280G and 4999
      of the Code, provided that the Consultant shall make such determinations
      and calculations on the basis of “substantial authority” (within the meaning
      of Section 6662 of the Code) and shall provide opinions to
      that effect to both the Company and
  Executive.

                

        

         

        
          
             

          

          
            - 6
-

            
              

            

          

          
             

          

        

         

        5.3           The
Company also shall reimburse the Executive for legal fees and expenses incurred
by the Executive in disputing in good faith any issue hereunder relating to the
termination of the Executive’s employment or in seeking in good faith to obtain
or enforce any benefit or right provided by this Agreement.  Such
payments shall be made within ten (10) business days after delivery of the
Executive’s written request for payment accompanied with such evidence of fees
and expenses incurred as the Company reasonably may require.

        

        5.4           The
Company shall pay the cash amounts described in subsections (a) and (c)(iii) of
Section 5.1 and shall provide the benefits described in Section 5.1(f) and (i)
to the Executive on the first business day after the date that is six months
following the Date of Termination; provided, however, that in the case of a Post
January 1, 2009 Award under Section 5.1(c)(iii), the date for payment shall be
the later of (a) the date that such award is generally paid to other senior
executives and (b) the date that is the first business day after the date that
is six months after the Date of Termination. The cash amounts described in
subsections (a) and (c)(iii) of Section 5 shall be paid with interest at the
applicable federal rate under Section 1274 of the Code determined as of the Date
of Termination.  In addition, to the extent that payment of the
pro-rata portion of the annual bonus provided for in Section 4.1 is delayed
until the date that it is the first business day after the date that is six
months following the Date of Termination as described above, the pro-rata bonus
payment shall be credited with interest at the short-term applicable federal
rate under Section 1274 of the Code determined as of March 15th of the year
following such termination from such March 15th to the date that payment is made
to the Executive hereunder.  If payments are not made in the time
frame required by this subsection, interest on the unpaid amounts will accrue at
120% of the rate provided in Section 1274(b)(2)(B) of the Code determined as of
the first day following the time frame provided for herein until the date such
payments are actually made.  At the time that payments are made under
this Agreement, the Company shall provide the Executive with a written statement
setting forth the manner in which such payments were calculated and the basis
for such calculations including, without limitation, any opinions or other
advice the Company has received from the Consultant or other advisors (and any
such opinions or advice which are in writing shall be attached to the
statement).

         

        5.5           Coordination with Employment
Agreement.

        

        Severance
Payments made under this Section 5 shall be in lieu of any severance benefit
payable to the Executive under the Executive’s Employment Agreement with the
Company or otherwise.

         

        6.           Termination Procedures and
Compensation During Dispute.

         

        6.1           Notice of
Termination.  After a Change in Control, any purported
termination of the Executive’s employment (other than by reason of death) shall
be communicated by written Notice of Termination from one party hereto to the
other party hereto in accordance with Section 9 of this
Agreement.  For purposes of this Agreement, a “Notice of Termination”
shall mean a notice which shall indicate the specific termination provision in
this Agreement relied upon and shall set forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated.  Further, a Notice of
Termination for Cause is required to include a copy of a resolution duly adopted
by the affirmative vote of not less than three-quarters (3/4) of the entire
membership of the Board at a meeting of the Board which was called and held for
the purpose of considering such termination (after reasonable notice to the
Executive and an opportunity for the Executive, together with the Executive’s
counsel, to be heard before the Board) finding that, in the good faith opinion
of the Board, the Executive was guilty of conduct set forth in clause (i) or
(ii) of the definition of Cause herein, and specifying the particulars thereof
in detail.

        
          
             

          

          
            - 7
-

            
              

            

          

          
             

          

        

        
 

        6.2           Date of
Termination.  “Date of Termination,” with respect to any
purported termination of the Executive’s employment after a Change in Control,
shall mean (i) if the Executive’s employment is terminated for Disability,
thirty (30) days after Notice of Termination is given (provided that the
Executive shall not have returned to the full-time performance of the
Executive’s duties during such thirty (30) day period), and (ii) if the
Executive’s employment is terminated for any other reason, the date specified in
the Notice of Termination (which, in the case of a termination by the Company,
shall not be less than thirty (30) days (except in the case of a termination for
Cause) and, in the case of a termination by the Executive, shall not be less
than fifteen (15) days nor more than sixty (60) days, respectively, from the
date such Notice of Termination is given).  For purposes of
determining the date on which to make the severance payments described under
Section 5.4, a “Date of Termination” shall only occur upon the Executive’s
“separation from service” within the meaning of Section 409A of the Code and as
determined after applying the presumptions set forth in Treas. Reg. Section
1.409A-1(h)(1).

        

        6.3           Dispute Concerning
Termination.  If within fifteen (15) days after any Notice of
Termination is given, or, if later, prior to the Date of Termination (as
determined without regard to this Section 6.3), the party receiving such Notice
of Termination notifies the other party that a dispute exists concerning the
termination, the Date of Termination shall be extended until the date on which
the dispute is finally resolved, either by mutual written agreement of the
parties or by a final judgment, order or decree of an arbitrator or a court of
competent jurisdiction (which is not appealable or with respect to which the
time for appeal therefrom has expired and no appeal has been perfected);
provided, however, that the Date of Termination shall be extended by a notice of
dispute given by the Executive only if such notice is given in good faith and
the Executive pursues the resolution of such dispute with reasonable
diligence.

         

        6.4           Compensation During
Dispute.  If a purported termination occurs following a Change
in Control and the Date of Termination is extended in accordance with Section
6.3 of this Agreement, the Company shall continue to pay the Executive the full
compensation in effect when the notice giving rise to the dispute was given
(including, but not limited to, salary) and continue the Executive as a
participant in all compensation, benefit and insurance plans in which the
Executive was participating when the notice giving rise to the dispute was
given, until the Date of Termination, as determined in accordance with Section
6.3 of this Agreement.  Amounts paid under this Section 6.4 are in
addition to all other amounts due under this Agreement (other than those due
under Section 4.1 of this Agreement) and shall not be offset against or reduce
any other amounts due under this Agreement.  Notwithstanding anything
to the contrary in Section 6.3 and 6.4, if the Company, after delivery of a
Notice of Termination, promptly (and in any event within 30 days) determines
that grounds existed prior to the delivery of the Notice of Termination to
terminate the Executive’s employment for Cause after complying with the
procedural requirements of this Agreement, the Company shall have the right to
recover any payments that have been made to the Executive or on the Executive’s
behalf under this Agreement including but not limited to offset against or
reduction of any amounts due under this Agreement or otherwise.

        
          
             

          

          
            - 8
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        7.           No
Mitigation.  The Company agrees that under this Agreement, if
the Executive’s employment with the Company terminates, the Executive is not
required to seek other employment or to attempt in any way to reduce any amounts
payable to the Executive by the Company pursuant to Section 5 of this Agreement
or Section 6.4 of this Agreement.  Further, the amount of any payment
or benefit provided for in this Agreement (other than as specifically provided
in Section 5.1(b) of this Agreement) shall not be reduced by any compensation
earned by the Executive as the result of employment by another employer, by
retirement benefits, by offset against any amount claimed to be owed by the
Executive to the Company, or otherwise.

         

        8.           Successors; Binding
Agreement.

         

        8.1           In
addition to any obligations imposed by law upon any successor to the Company,
the Company will require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of the Company to expressly assume and agree to perform this
Agreement in accordance with its terms.

        

        8.2           This
Agreement shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees.  If the Executive shall die while
any amount would still be payable to the Executive hereunder (other than amounts
which, by their terms, terminate upon the death of the Executive) if the
Executive had continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Agreement to the
executors, personal representatives or administrators of the Executive’s
estate.

        

        9.           Notice.  For
the purpose of this Agreement, notices and all other communications provided for
in this Agreement shall be in writing and shall be deemed to have been duly
given (a) on the date of delivery if delivered by hand, (b) on the date of
transmission, if delivered by confirmed facsimile, (c) on the first business day
following the date of deposit if delivered by guaranteed overnight delivery
service, or (d) on the fourth business day following the date delivered or
mailed by United States registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

         

        If to the Executive: at the address (or
to the facsimile number) shown on the records of the Company.

        

        If to the Company: Kaman Corporation,
1332 Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002 - Attention: Chief
Legal Officer (Facsimile No.: 860 243-7397), or to such other address as either
party may have furnished to the other in writing in accordance herewith, except
that notices of change of address shall be effective only upon
receipt.

         

        
          
             

          

          
            - 9
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        10.           Obligations after the Date
of Termination.

         

        
          	
                   
      

                	
                  (a)

                	
                  Confidentiality.  The
      Executive agrees that the Executive shall not, directly or indirectly,
      use, make available, sell, disclose or otherwise communicate to any person,
      other than in the course of the Executive’s employment and for the benefit
      of the Company, at any time following the Date of Termination, any
      nonpublic, proprietary or confidential information, knowledge or data
      relating to the Company, any of its subsidiaries, affiliated companies or
      businesses, which shall have been obtained by the Executive during the
      Executive’s employment by the Company.  The foregoing shall not
      apply to information that (i) was known to the public prior to its
      disclosure to the Executive; (ii) becomes known to the public subsequent
      to disclosure to the Executive through no wrongful act of the Executive or
      any representative of the Executive; or (iii) the Executive is required to
      disclose by applicable law, regulation or legal process (provided that the
      Executive provides the Company with prior notice of the contemplated
      disclosure and reasonably cooperates with the Company at its expense in
      seeking a protective order or other appropriate protection of such
      information).  Notwithstanding clauses (i) and (ii) of the
      preceding sentence, the Executive’s obligation to maintain such disclosed
      information in confidence shall not terminate where only portions of the
      information are in the public
domain.

                

        

         

        
          	
                   
      

                	
                  (b)

                	
                  Non-Solicitation.  In
      the event that the Executive receives Severance Payments under Section 5
      of this Agreement, the Executive agrees that for the two (2) year period
      following the Date of Termination, the Executive will not, directly or
      indirectly, individually or on behalf of any other person, firm,
      corporation or other entity, knowingly solicit, aid or induce any
      managerial level employee of the Company or any of its subsidiaries or
      affiliates to leave such employment in order to accept employment with or
      render services to or with any other person, firm, corporation or other
      entity unaffiliated with the Company or knowingly take any action to
      materially assist or aid any other person, firm, corporation or other
      entity in identifying or hiring any such employee (provided, that the
      foregoing shall not be violated by general advertising not targeted at
      Company employees nor by serving as a reference for an employee with
      regard to an entity with which the Executive is not
      affiliated).  For the avoidance of doubt, if a managerial level
      employee on his or her own initiative contacts the Executive for the
      primary purpose of securing alternative employment, any action taken by
      the Executive thereafter shall not be deemed a breach of this Section
      10(b).

                

        

         

        
          	
                   
      

                	
                  (c)

                	
                  Non-Competition.  The
      Executive acknowledges that the Executive performs services of a unique
      nature for the Company that are irreplaceable, and that the Executive’s
      performance of such services to a competing business will result in
      irreparable harm to the Company.  Accordingly, in the event that
      the Executive receives Severance Payments described in Section 5 of this
      Agreement, the Executive agrees that for a period of two (2) years
      following the Date of Termination, the Executive will not, directly or
      indirectly, become connected with, promote the interest of, or engage in
      any other business or activity competing with the business of the Company
      within the geographical area in which the business of the Company is
      conducted.

                

        

         

        
          
             

          

          
            - 10
-

            
              

            

          

          
             

          

        

         

        
          	
                   
      

                	
                  (d)

                	
                  Non-Disparagement.  Each
      of the Executive and the Company (for purposes hereof, “the Company” shall
      mean only (i) the Company by press release or otherwise
      and (ii) the executive officers and directors thereof and not any other
      employees) agrees not to make any public statements that disparage the
      other party, or in the case of the Company, its respective affiliates,
      officers, directors, products or services.  Notwithstanding the
      foregoing, statements made in the course of sworn testimony in
      administrative, judicial or arbitral proceedings (including, without
      limitation, depositions in connection with such proceedings) or otherwise
      as required by law shall not be subject to this Section
      10(d).

                

        

         

        
          	
                   
      

                	
                  (e)

                	
                  Return of Company
      Property and Records.  The Executive agrees that upon
      termination of the Executive’s employment, for any cause whatsoever, the
      Executive will surrender to the Company in good condition (reasonable wear
      and tear excepted) all property and equipment belonging to the Company and
      all records kept by the Executive containing the names, addresses or any
      other information with regard to customers or customer contacts of the
      Company, or concerning any proprietary or confidential information of the
      Company or any operational, financial or other documents given to the
      Executive during the Executive’s employment with the
    Company.

                

        

         

        
          	
                   
      

                	
                  (f)

                	
                  Cooperation.  The
      Executive agrees that, following termination of the Executive’s employment
      for any reason, the Executive shall upon reasonable advance notice, and to
      the extent it does not interfere with previously scheduled travel plans
      and does not unreasonably interfere with other business activities or
      employment obligations, assist and cooperate with the Company with regard
      to any matter or project in which the Executive was involved during the
      Executive’s employment, including any litigation.  The Company
      shall compensate the Executive for any lost wages (or, if the Executive is
      not then employed, provide reasonable compensation as determined by the
      Compensation Committee) and expenses associated with such cooperation and
      assistance.

                

        

         

        
          	
                   
      

                	
                  (g)

                	
                  Assignment of
      Inventions.  The Executive will promptly communicate and
      disclose in writing to the Company all inventions and developments
      including software, whether patentable or not, as well as patents and
      patent applications (hereinafter collectively called “Inventions”), made,
      conceived, developed, or purchased by the Executive, or under which the
      Executive acquires the right to grant licenses or to become licensed,
      alone or jointly with others, which have arisen or jointly with others,
      which have arisen or which arise out of the Executive’s employment with
      the Company, or relate to any matters directly pertaining to the business
      of the Company or any of its subsidiaries.  Included herein as
      if developed during the employment period is any specialized equipment and
      software developed for use in the business of the Company.  All
      of the Executive’s right, title and interest in, to, and under all such
      Inventions, licenses, and right to grant licenses shall be the sole
      property of the Company.  As to all such Inventions, the
      Executive will, upon request of the Company execute all documents which
      the Company deems necessary or proper to enable it to establish title to
      such Inventions or other rights, and to enable it to file and prosecute
      applications for letters patent of the United States and any foreign
      country; and do all things (including the giving of evidence in suits and
      other proceedings) which the
      Company deems necessary or proper to obtain, maintain, or assert patents
      for any and all such Inventions or to assert its rights in any Inventions
      not patented.

                

        

         

        
          
             

          

          
            - 11
-

            
              

            

          

          
             

          

        

         

        
          	
                   
      

                	
                  (h)

                	
                  Equitable Relief and
      Other Remedies.  The parties acknowledge and agree that
      the other party’s remedies at law for a breach or threatened breach of any
      of the provisions of this Section would be inadequate and, in recognition
      of this fact, the parties agree that, in the event of such a breach or
      threatened breach, in addition to any remedies at law, the other party,
      without posting any bond, shall be entitled to obtain equitable relief in
      the form of specific performance, temporary restraining order, a temporary
      or permanent injunction or any other equitable remedy which may then be
      available.

                

        

         

        
          	
                   
      

                	
                  (i)

                	
                  Reformation.  If
      it is determined by a court of competent jurisdiction in any state that
      any restriction in this Section 10 is excessive in duration or scope or is
      unreasonable or unenforceable under the laws of that state, it is the
      intention of the parties that such restriction may be modified or amended
      by the court to render it enforceable to the maximum extent permitted by
      the law of that state.

                

        

         

        
          	
                   
      

                	
                  (j)

                	
                  Survival of
      Provisions.  The obligations contained in this Section 10
      shall survive the termination or expiration of the Executive’s employment
      with the Company and shall be fully enforceable
  thereafter.

                

        

         

        11.           Conditions.  Any
payments or benefits made or provided pursuant to this Agreement are subject to
the Executive’s:

         

        
          	
                   
      

                	
                  (a)

                	
                  compliance
      with the provisions of Section 10
hereof;

                

        

         

        
          	
                   
      

                	
                  (b)

                	
                  delivery
      to the Company of an executed Agreement and General Release (the “General
      Release”), which shall be substantially in the form attached hereto as
      Appendix B (with such changes therein or additions thereto as needed under
      then applicable law to give effect to its intent and purpose) within 21
      days of presentation thereof by the Company to the Executive (which
      presentation shall be made by the Company no later than two (2) business
      days following the Date of Termination);
and

                

        

         

        
          	
                   
      

                	
                  (c)

                	
                  delivery
      to the Company of a resignation from all offices, directorships and
      fiduciary positions with the Company, its affiliates and employee benefit
      plans with the General Release.

                

        

         

        If the
Executive fails to return an executed General Release to the Company within such
21-day period, or the Executive subsequently revokes such timely release, the
Company shall not have any obligation to pay any amounts or benefits under
Section 5 of this Agreement.  The Executive shall provide the General
Release in the same manner as providing written notice to the Company under
Section 9 above.

         

        
          
             

          

          
            - 12
-

            
              

            

          

          
             

          

        

         

        12.           Miscellaneous.  No
provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by the
Executive and the President of the Company or his designee.  No waiver
by either party hereto at any time of any breach by the other party hereto of,
or of any lack of compliance with, any condition or provision of this Agreement
to be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time.  The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of Connecticut without regard to
its conflicts of law principles.  Any payments provided for hereunder
shall be paid net of any applicable withholding required under federal, state or
local law and any additional withholding to which the Executive has
agreed.  The obligations of the Company and the Executive under this
Agreement which by their nature may require either partial or total performance
after its expiration shall survive any such expiration.

         

        13.           Validity;
Counterparts.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.  This Agreement may be executed in several counterparts, each
of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

         

        14.           Prior
Agreements.  This Agreement supersedes any other agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof which may exist between the parties, except that it is
specifically acknowledged by the Company that this Agreement does not supersede
the Employment Offer Letter dated August 7, 2007 between the parties or the
Executive Employment Agreement.

         

        15.           Coordination with Employment
Agreement.  In the event that the Executive receives
compensation or benefits under the Executive’s Employment Agreement and
thereafter becomes entitled to similar compensation or benefits under this
Agreement, the compensation and benefits paid or provided under the Employment
Agreement shall be an offset against the similar compensation and benefits
payable or to be provided under this Agreement.

         

        16.           Settlement of
Disputes.  All claims by the Executive for benefits under this
Agreement shall be directed to and determined by the Board and shall be in
writing.  Any denial by the Board of a claim for benefits under this
Agreement shall be delivered to the Executive in writing and shall set forth the
specific reasons for the denial and the specific provisions of this Agreement
relied upon.  The Board shall afford a reasonable opportunity to the
Executive for a review of the decision denying a claim and shall further allow
the Executive to appeal to the Board a decision of the Board within sixty (60)
days after notification by the Board that the Executive’s claim has been
denied.

         

        17.           Arbitration.  Any
further dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in Hartford, Connecticut,
in accordance with the rules of the American Arbitration Association then in
effect; provided, however, that the evidentiary standards set forth in this
Agreement shall apply.  Judgment may be entered on the arbitrator’s
award in any court having jurisdiction.  Notwithstanding any provision
of this Agreement to the contrary, the Executive shall be entitled to seek
specific performance of the Executive’s right to be paid until the Date of
Termination during the pendency of any dispute or controversy arising under or
in connection with this Agreement.

         

        
          
             

          

          
            - 13
-

            
              

            

          

          
             

          

        

         

        18.    Definitions.  For
purposes of this Agreement, the following terms shall have the meanings
indicated below:

         

        
          	
                   
      

                	
                  (a)

                	
                  “Affiliate”
      shall have the meaning set forth in Rule 12b-2 promulgated under Section
      12 of the Exchange Act.

                

        

        

        
          	
                   
      

                	
                  (b)

                	
                  “Beneficial
      Owner” shall have the meaning set forth in Rule 13d-3 under the Exchange
      Act.

                

        

        

        
          	
                   
      

                	
                  (c)

                	
                  “Board”
      shall mean the Board of Directors of the
  Company.

                

        

        

        
          	
                   
      

                	
                  (d)

                	
                  “Cause”
      for termination by the Company of the Executive’s employment shall mean
      (i) the willful and continued failure by the Executive to substantially
      perform the Executive’s duties with the Company (other than any such
      failure resulting from the Executive’s incapacity due to physical or
      mental illness or any such actual or anticipated failure after the
      issuance of a Notice of Termination for Good Reason by the Executive
      pursuant to Section 6.1 of this Agreement) after a written demand for
      substantial performance is delivered to the Executive by the Board, which
      demand specifically identifies the manner in which the Board believes that
      the Executive has not substantially performed the Executive’s duties, (ii)
      the willful engaging by the Executive in conduct which is demonstrably and
      materially injurious to the Company or its subsidiaries, monetarily or
      otherwise, or (iii) violation of section l(b) of the Executive Employment
      Agreement between Executive and the Company. For purposes of clauses (i)
      and (ii) of this definition, (x) no act, or failure to act, on the
      Executive’s part shall be deemed “willful” unless done, or omitted to be
      done, by the Executive not in good faith and without reasonable belief
      that the Executive’s act, or failure to act, was in the best interest of
      the Company and (y) in the event of a dispute concerning the application
      of this provision, no claim by the Company that Cause exists shall be
      given effect unless the Company establishes to the Board by clear and
      convincing evidence that Cause exists. Notwithstanding the foregoing,
      Cause shall not include any act or omission of which the Audit Committee
      of the Board (or the full Board) has had actual knowledge of all material
      facts related thereto for at least 90 days without asserting that the act
      or omission constitutes Cause.

                

        

        

        
          	
                   
      

                	
                  (e)

                	
                  “Change
      in Control” for purposes of this Agreement shall mean any of the following
      events, provided that such an event is not also a Management
      Buyout:

                

        

        

        
          	
                   
      

                	
                  (i)

                	
                  any
      Person is or becomes the Beneficial Owner directly or indirectly, of
      securities of the Company representing thirty-five (35%) or more of the
      combined voting power of the Company’s then outstanding voting securities
      generally entitled to vote in the election of directors of the Company;
      provided, however, that no Change in Control will be deemed to have
      occurred as a result of a change in ownership percentage resulting solely
      from an acquisition of securities by the Company or a transaction
      described in clause (A) of paragraph (iii)
  below;

                

        

         

        
          
             

          

          
            - 14
-

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  (ii)

                	
                  during
      any period of two consecutive years, individuals who, as of the beginning
      of such period, constitute the Board (the “Incumbent Board”) cease to
      constitute at least a majority of the Board; provided, that any person
      becoming a director of the Company subsequent to the beginning of such
      period whose election, or nomination for election by the Company’s
      shareholders, was approved by a vote of at least a majority of the
      directors then comprising the Incumbent Board shall be considered as
      though such individual were a member of the Incumbent Board, but
      excluding, for this purpose, any such individual whose initial assumption
      of office occurs as a result of either an actual or threatened election
      contest, including but not limited to a consent solicitation, relating to
      the election of directors of the Company and whose appointment or election
      was not approved by at least a majority of the directors of the Company in
      office immediately before any such
contest;

                

        

         

        
          	
                   
      

                	
                  (iii)

                	
                  there
      is consummated a Merger of the Company with any other business entity,
      other than (A) a Merger which would result in the securities of the
      Company generally entitled to vote in the election of directors of the
      Company outstanding immediately prior to such Merger continuing to
      represent (either by remaining outstanding or by being converted into such
      securities of the surviving entity or any parent thereof), in combination
      with the ownership of any trustee or other fiduciary holding such
      securities under an employee benefit plan of the Company or any
      Subsidiary, at least 50% of the combined voting power of the voting
      securities of the Company or such surviving entity or any parent thereof
      outstanding immediately after such Merger, generally entitled to vote in
      the election of directors of the Company or such surviving entity or any
      parent thereof and, in the case of such surviving entity or any parent
      thereof, of a class registered under Section 12 of the Exchange Act, or
      (B) a Merger effected to implement a recapitalization of the Company (or
      similar transaction) in which no Person is or becomes the Beneficial
      Owner, directly or indirectly, of securities of the Company representing
      35% or more of the combined voting power of the Company’s then outstanding
      voting securities generally entitled to vote in the election of directors
      of the Company; or

                

        

         

        
          	
                   
      

                	
                  (iv)

                	
                  the
      stockholders of the Company approve a plan of complete liquidation or
      dissolution of the Company or there is consummated the sale or disposition
      by the Company of all or substantially all of the Company’s assets, other
      than a sale or disposition by the Company of all or substantially all of
      the Company’s assets to an entity where the outstanding securities
      generally entitled to vote in the election of directors of the Company
      immediately prior to the transaction continue to represent (either by
      remaining outstanding or by being converted into such securities of the
      surviving entity or any parent thereof) 50% or more of the combined voting
      power of the outstanding voting securities of such entity generally
      entitled to vote in such entity’s election of directors immediately after
      such sale and of a class registered under Section 12 of the Exchange
      Act.

                

        

         

        Within
five (5) days after a Change in Control has occurred, the Company shall deliver
to the Executive a written statement memorializing the date that the Change in
Control occurred.

        
          
             

          

          
            - 15
-

            
              

            

          

          
             

          

        

        
 

        
          	
                   
      

                	
                  (f)

                	
                  “Code”
      shall mean the Internal Revenue Code of 1986, as amended from time to
      time, and any successor Code, and related rules, regulations and
      interpretations.

                

        

        

        
          	
                   
      

                	
                  (g)

                	
                  “Company”
      shall mean Kaman Corporation and, except in determining under Section
      18(e) hereof whether or not any Change in Control of the Company has
      occurred, shall include any successor to its business and/or
      assets.

                

        

         

        
          	
                   
      

                	
                  (h)

                	
                  “Consultant”
      shall have the meaning set forth in Appendix A of this
      Agreement.

                

        

        

        
          	
                   
      

                	
                  (i)

                	
                  “Date
      of Termination” shall have the meaning set forth in Section 6.2 of this
      Agreement.

                

        

        

        
          	
                   
      

                	
                  (j)

                	
                  “Disability”
      shall be deemed the reason for the termination by the Company of the
      Executive’s employment, if, as a result of the Executive’s incapacity due
      to physical or mental illness, the Executive shall have been absent from
      the full-time performance of the Executive’s duties with the Company for a
      period of six (6) consecutive months, the Company shall have given the
      Executive a Notice of Termination for Disability, and, within thirty (30)
      days after such Notice of Termination is given, the Executive shall not
      have returned to the full-time performance of the Executive’s
      duties.

                

        

        

        
          	
                   
      

                	
                  (k)

                	
                  “Exchange
      Act” shall mean the Securities Exchange Act of 1934, as amended from time
      to time.

                

        

        

        
          	
                   
      

                	
                  (l)

                	
                  “Excise
      Tax” shall mean any excise tax imposed under Section 4999 of the
      Code.

                

        

        

        
          	
                   
      

                	
                  (m)

                	
                  “Executive”
      shall mean the individual named in the preamble to this
      Agreement

                

        

        

        
          	
                   
      

                	
                  (n)

                	
                  “Good
      Reason” for termination by the Executive of the Executive’s employment
      shall mean the occurrence (without the Executive’s express written
      consent) after any Change in Control (if more than one Change in Control
      has occurred, any reference to a Change in Control in this subsection (n)
      shall refer to the most recent Change in Control), of any one of the
      following acts by the Company, or failures by the Company to act, unless,
      in the case of any act or failure to act described in paragraph (i), (v),
      (vi), or (vii) below, such act or failure to act is corrected prior to the
      Date of Termination specified in the Notice of Termination given in
      respect thereof:

                

        

        

        
          	
                   
      

                	
                  (i)

                	
                  the
      assignment to the Executive of any duties inconsistent with the
      Executive’s status as President and Chief Executive Officer of the Company
      or a substantial diminution in the nature or status of the Executive’s
      responsibilities from those in effect immediately prior to the Change in
      Control;

                

        

         

        
          
             

          

          
            - 16
-

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  (ii)

                	
                  a
      reduction by the Company in the Executive’s annual Base Salary as in
      effect on the date of this Agreement or as the same may be increased from
      time to time;

                

        

         

        
          	
                   
      

                	
                  (iii)

                	
                  the
      relocation of the Executive’s principal place of employment to a location
      more than 50 miles from the Executive’s principal place of employment
      immediately prior to the Change in Control or the Company’s requiring the
      Executive to be based anywhere other than such principal place of
      employment (or permitted relocation thereof) except for required travel on
      the Company’s business to an extent substantially consistent with the
      Executive’s business travel obligations immediately prior to the Change in
      Control;

                

        

         

        
          	
                   
      

                	
                  (iv)

                	
                  the
      failure by the Company to pay to the Executive any portion of the
      Executive’s current compensation, or to pay to the Executive any portion
      of an installment of deferred compensation under any deferred compensation
      program of the Company, within thirty (30) days of the date such
      compensation is due;

                

        

         

        
          	
                   
      

                	
                  (v)

                	
                  the
      failure by the Company to continue in effect any compensation plan in
      which the Executive participates immediately prior to the Change in
      Control which is material to the Executive’s total compensation
      (including, but not limited to, the Kaman Corporation Compensation
      Administration Plan, Kaman Corporation Cash Bonus Plan, and Kaman
      Corporation 2003 Stock Incentive Plan), unless an equitable arrangement
      (embodied in an ongoing substitute or alternative plan) has been made with
      respect to such plan, or the failure by the Company to continue the
      Executive’s participation  therein (or in such substitute or
      alternative plan) on a basis not materially less favorable, both in terms
      of the amount or timing of payment of benefits provided and the level of
      the Executive’s participation relative to other participants, as existed
      immediately prior to the Change in
Control;

                

        

         

        
          	
                   
      

                	
                  (vi)

                	
                  the
      failure by the Company to continue to provide the Executive with benefits
      substantially similar to those enjoyed by the Executive under any of the
      Company’s life insurance, health and accident, or disability plans in
      which the Executive was participating immediately prior to the Change in
      Control, the taking of any other action by the Company which would
      directly or indirectly materially reduce any of such benefits or deprive
      the Executive of any material fringe benefit enjoyed by the Executive at
      the time of the Change in Control, or the failure by the Company to
      provide  the Executive with the number of paid vacation days to
      which the Executive is entitled on the basis of years of service with the
      Company in accordance with the Company’s normal vacation policy in effect
      at the time of the Change in Control, provided, however, that this
      paragraph shall not be construed to require the Company to provide the
      Executive with a defined benefit pension plan if no such plan is provided
      to similarly situated executive officers of the Company or its
      Affiliates;

                

        

         

        
          
             

          

          
            - 17
-

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  (vii)

                	
                  any
      purported termination of the Executive’s employment which is not effected
      pursuant to a Notice of Termination satisfying the requirements of Section
      6.1 of  this Agreement; for purposes of this Agreement, no such
      purported termination shall be effective;
or

                

        

         

        
          	
                   
      

                	
                  (viii)

                	
                  the
      failure of any successor to Company (whether direct or indirect, by
      purchase, merger, consolidation or otherwise) to all or substantially all
      of the business and/or assets of the Company to expressly assume and agree
      to perform this Agreement in accordance with its terms prior to the
      effectiveness of any such
succession.

                

        

         

        The
Executive’s right to terminate the Executive’s employment for Good Reason shall
not be affected by the Executive’s incapacity due to physical or mental
illness.  The Executive’s continued employment shall not constitute
consent to, or a waiver of rights with respect to, any act or failure to act
constituting Good Reason hereunder.

         

        Notwithstanding
anything to the contrary above, the Executive shall not have “Good Reason” to
terminate employment due solely to one or more of the following events: (1)
there is a diminution of the business of the Company or any of its subsidiaries,
including, without limitation, a sale or other transfer of property or other
assets of the Company or its subsidiaries, or a reduction in the Executive’s
business unit’s head count or budget, or (2) a suspension of the Executive’s
position, job functions, authorities, duties and responsibilities while on paid
administrative leave due to a reasonable belief by the Board that the Executive
has engaged in conduct that would give adequate grounds to terminate the
Executive’s employment for Cause.

         

        
          	
                   
      

                	
                  (o)

                	
                  “Gross-Up
      Payment” shall have the meaning set forth in Section 5.2 of this
      Agreement.

                

        

         

        
          	
                   
      

                	
                  (p)

                	
                  “Management
      Buyout” means any event or transaction which would otherwise constitute a
      Change in Control (a “Transaction”) if, in connection with the
      Transaction, the Executive, members of the Executive’s immediate family,
      and/or the “Executive’s Affiliates” (as defined below) participate,
      directly or beneficially, as an equity investor in, or have the option or
      right to acquire, whether or not vested, equity interests of, the
      acquiring entity or any of its Affiliates (the “Acquiror”) having a
      percentage interest therein greater than 1%.  For purposes of
      the preceding sentence, a party shall not be deemed to have participated
      as an equity investor in the Acquiror by virtue of (i) obtaining
      beneficial ownership of any equity interest in the Acquiror as a result of
      the grant to the party of an incentive compensation award under one or
      more incentive plans of the Acquiror (including, but not limited to, the
      conversion in connection with the Transaction of incentive compensation
      awards of the Company into incentive compensation awards of the Acquiror),
      on terms and conditions substantially equivalent to those applicable to
      other employees of the Company at a comparable level as such party
      immediately prior to the Transaction, after taking into account normal
      differences attributable to job responsibilities, title and the like, or
      (ii) obtaining beneficial ownership of any equity interest in the Acquiror
      on terms and conditions substantially equivalent to those obtained in the
      Transaction by all other shareholders of the Company or (iii) the party’s
      interests in any tax-qualified defined benefit or defined contribution
      pension or retirement plan in which such party or any family member is a
      participant or beneficiary.  The “Executive’s Affiliates” at any
      time consist of any entity in which the Executive and/or members of the
      Executive’s immediate family then own, directly or beneficially, or have
      the option or right to acquire, whether or not vested, greater than 10% of
      such entity’s equity interests, and all then current directors and
      executive officers of the Company who are members of any group, that also
      includes the Executive, a member of the Executive’s immediate family
      and/or any such entity, in which the members have agreed to act together
      for the purpose of participating in the Transaction.  The
      Executive’s immediate family consists of the Executive’s spouse, parents,
      children and
grandchildren.

                

        

        
          
             

          

          
            - 18
-

            
              

            

          

          
             

          

        

        
 

        
          	
                   
      

                	
                  (q)

                	
                  “Merger”
      means a merger, share exchange, consolidation or similar business
      combination under applicable law.

                

        

        

        
          	
                   
      

                	
                  (r)

                	
                  “Notice
      of Termination” shall have the meaning set forth in Section 6.1 of this
      Agreement.

                

        

        

        
          	
                   
      

                	
                  (s)

                	
                  “Payments”
      shall have the meaning set forth in Section 5.1 of this
      Agreement.

                

        

        

        
          	
                   
      

                	
                  (t)

                	
                  “Person”
      shall have the meaning given in Section 3(a)(9) of the Exchange Act, as
      modified and used in Sections 13(d) and 14(d) thereof, except that such
      term shall not include (i) the Company or any of its direct or indirect
      Subsidiaries, (ii) a trustee or other fiduciary holding securities under
      an employee benefit plan of the Company, (iii) an underwriter temporarily
      holding securities pursuant to an offering of such securities, or (iv) a
      corporation owned, directly or indirectly, by the stockholders of the
      Company in substantially the same proportions and with substantially the
      same voting rights as their ownership and voting rights with respect to
      the Company.

                

        

        

        
          	
                   
      

                	
                  (u)

                	
                  “Subsidiary”
      shall mean any corporation within the meaning of Section 424(f) of the
      Code.

                

        

        

        
          	
                   
      

                	
                  (v)

                	
                  “Term”
      shall mean the period of time described in Section 2 of this
      Agreement.

                

        

        

        19.           Payment of
Compensation.  The parties intend that the benefits and
payments provided under this Agreement shall be exempt from, or comply with, the
requirements of Section 409A of the Code. Notwithstanding the
foregoing, the Company shall in no event be obligated to indemnify the Executive
for any taxes or interest that may be assessed by the IRS pursuant to Section
409A of the Code.  References to paying an annual bonus at the same
time as paid to other senior executives shall mean that the payment date is to
be determined under the terms of the Company’s annual bonus plan or program then
in effect.

         

      

    

    
      
        
        

      

      
        - 19
-

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, the parties have executed this Agreement.

    

    Kaman
Corporation

     

    
      
        
          
            
              
                
                  
                    	 	 	 	 
	 	 	 
	
                            By:
      

                          	
                            Candace
      A. Clark

                          	 	
                            Date

                          
	Its:  	
                            Senior
      Vice President, Chief Legal Officer and
      Secretary

                          	 	 
	 	 	 	 

                  

                

              

            

          

        

      

    

    
      
        
          
            
              	 	 	 	 
	 	 	 
	
                      
                        Neal
      J. Keating

                      

                    	 	
                      Date

                    
	 	 	 	 

            

          

        

      

    

     

    
      
        
        

      

      
        - 20
-

        
          

        

      

      
        
        

      

    

     

    APPENDIX A

    

    TAX
GROSS-UP PAYMENT RULES AND PROCEDURES

     

    1.           Subject
to Paragraph 3 below, all determinations required to be made under Section 5.2
of this Agreement, including whether a Gross-Up Payment is required and the
amount of such Gross-Up Payment, shall be made by an accounting firm (the
“Consultant”) selected in accordance with Paragraph 2 below.  The
Consultant shall provide detailed supporting calculations both to the Company
and Executive within 15 business days of the event that results in the potential
for an excise tax liability for the Executive, which could include but is not
limited to a Change in Control and the subsequent vesting of any cash payments
or awards, or the Executive’s termination of employment, or such earlier time as
is required by the Company.  The initial Gross-Up Payment, if any, as
determined pursuant to this Paragraph 1, shall be paid on the Executive’s behalf
to the applicable taxing authorities within five (5) days of the receipt of the
Consultant’s determination, but in no event later than the end of the calendar
year next following the calendar year in which the related taxes are remitted to
the applicable taxing authorities.  If the Consultant determines that
the Executive is not subject to Excise Tax, it shall furnish the Executive with
a written report indicating that he has substantial authority not to report any
Excise Tax on his federal income tax return.  Any determination by the
Consultant shall be binding upon the Company and Executive.  As a
result of the uncertainty in the application of Section 4999 of the Code at the
time of the initial determination by the Consultant hereunder, it is possible
that Gross-Up Payments which will not have been made by the Company should have
been made (“Underpayment”), consistent with the calculations required to be made
hereunder.  In the event that the Company exhausts its remedies
pursuant to Paragraph 3 below and Executive thereafter is required to make a
payment or additional payment of any Excise Tax, the Consultant shall determine
the amount of the Underpayment that has occurred and any such Underpayment,
increased by all applicable interest and penalties associated with the
Underpayment, shall be promptly paid by the Company to or for the benefit of
Executive.  For purposes of determining the amount of the Gross-Up
Payment, Executive shall be deemed to pay federal income tax at the highest
marginal rate of federal income taxation in the calendar year in which the
Gross-Up Payment is to be made and state and local income taxes on earned income
at the highest marginal rate of taxation in the state and locality of
Executive’s residence on the Date of Termination, (or the date of the Change in
Control if the Executive is subject to Excise Tax prior to the issuance of a
Notice of Termination) net of the maximum reduction in federal income taxes
which could be obtained from deduction of such state and local
taxes.

     

    2.           The
Consultant shall be a nationally recognized public accounting firm, benefits
consultant or law firm proposed by the Company and agreed upon by the
Executive.  If Executive and the Company cannot agree on the firm to
serve as the Consultant within ten (10) days after the date on which the Company
proposed to Executive an entity to serve as the Consultant, then Executive and
the Company shall each select one and those two firms shall jointly select the
entity to serve as the Consultant within ten (10) days after being requested by
the Company and Executive to make such selection.  The Company shall
pay the Consultant’s fee.

     

    
      
        
        

      

      
        - 21
-

        
          

        

      

      
        
        

      

    

     

    3.           Executive
shall notify the Company in writing of any claim by the Internal Revenue Service
that, if successful, would require the payment by the Company of the Gross-Up
Payment.  Such notification shall be given as soon as practicable, but
no later than fifteen (15) business days after Executive knows of such claim and
Executive shall apprise the Company of the nature of such claim and the date on
which such claim is requested to be paid.  Executive shall not pay
such claim prior to the expiration of the period ending on the date that any
payment of taxes with respect to such claim is due or the thirty day period
following the date on which Executive gives such notice to the Company,
whichever period is shorter.  If the Company notifies Executive in
writing prior to the expiration of such period that it desires to contest such
claim, Executive shall (i) give the Company any information reasonably requested
by the Company relating to such claim, (ii) take such action in connection with
contesting such claim as the Company shall reasonably request in writing from
time to time, including, without limitation, accepting legal representation with
respect to such claim by an attorney reasonably selected by the Company, (iii)
cooperate with the Company in good faith in order effectively to contest such
claim, and (iv)  permit the Company to participate in any proceedings
relating to such claim; provided, however, that the Company shall bear and pay
directly all costs and expenses (including attorneys fees and any additional
interest and penalties) incurred in connection with such contest and shall
indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax
or income tax, including interest and penalties with respect thereto, imposed as
a result of such representation and payment of costs and
expenses.  Without limitation of the foregoing provisions of this
Paragraph 3, the Company shall control all proceedings taken in connection with
such contest and, at its sole option, may pursue or forego any and all
administrative appeals, proceedings, hearings and conferences with the taxing
authority in respect to such claim and may, at its sole option, either direct
Executive to pay the tax claimed and sue for a refund or contest the claim in
any permissible manner, and Executive agrees to prosecute such contest to a
determination before any administrative tribunal, in a court of initial
jurisdiction and in one or more appellate courts, as the Company shall
determine; provided, however, that if the Company directs Executive to pay such
claim and sue for a refund, the Company shall advance the amount of such payment
to Executive, on an interest-free basis and shall indemnify and hold Executive
harmless, on an after-tax basis, from any Excise Tax and income tax, including
interest or penalties with respect thereto, imposed with respect to such advance
or with respect to any imputed income with respect to such advance; and further
provided that any extension of the statute of limitations relating to payment of
taxes for the taxable year of Executive with respect to which such contested
amount is claimed to be due is limited solely to such contested
amount.  Furthermore, the Company’s control of the contest shall be
limited to issues with respect to which a Gross-Up Payment would be payable
hereunder and Executive shall be entitled to settle or contest, as the case may
be, any other issue raised by the Internal Revenue Service or any other
authority.

     

    4.           If,
after the receipt by Executive of an amount advanced by the Company pursuant to
Paragraph 3 above, Executive becomes entitled to receive any refund with respect
to such claim, Executive shall (subject to the Company’s complying with the
requirements of Paragraph 3), promptly pay to the Company the amount of such
refund (together with any interest paid or credited thereon after taxes
applicable thereto).

     

    
      
        
        

      

      
        - 22
-

        
          

        

      

      
        
        

      

    

     

    APPENDIX
B

     

    FORM
OF RELEASE

     

    AGREEMENT
AND GENERAL RELEASE

     

    Kaman
Corporation, its affiliates, subsidiaries, divisions, successors and assigns in
such capacity, and the current, future and former employees, officers,
directors, trustees and agents thereof (collectively referred to throughout this
Agreement as “Employer”), and Neal J. Keating (“Executive”), the Executive’s
heirs, executors, administrators, successors and assigns (collectively referred
to throughout this Agreement as “Employee”) agree:

     

    1. Last Day
of Employment. Executive’s last day of employment with Employer is ____________.
In addition, effective as of DATE, Executive resigns from the Executive’s
positions as ___________________ of Employer and will not be eligible for any
benefits or compensation after _________, including payments under the
Executive’s Employment Agreement, other than as specifically provided under the
Change in Control Agreement between Employer and Executive effective as of
_________ ___, 2007 (the “Change in Control Agreement”).  Executive
further acknowledges and agrees that, after DATE, the Executive will not
represent the Executive as being a director, employee, officer, trustee, agent
or representative of Employer for any purpose. In addition, effective as of
DATE, Executive resigns from all offices, directorships, trusteeships, committee
memberships and fiduciary capacities held with, or on behalf of, Employer or any
benefit plans of Employer. These resignations will become irrevocable as set
forth in Section 3 below.

     

    2. Consideration.
The parties acknowledge that this Agreement and General Release is being
executed in accordance with Section 11 of the Change in Control
Agreement.

     

    3. Revocation.
Executive may revoke this Agreement and General Release for a period of seven
(7) calendar days following the day Executive executes this Agreement and
General Release. Any revocation within this period must be submitted, in
writing, to Employer and state, “I hereby revoke my acceptance of our Agreement
and General Release.” The revocation must be personally delivered to Employer’s
Chief Legal Officer, or his/her designee, or mailed to Kaman Corporation, 1332
Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002, Attention: Chief Legal
Officer, and postmarked within seven (7) calendar days of execution of this
Agreement and General Release. This Agreement and General Release shall not
become effective or enforceable until the revocation period has expired. If the
last day of the revocation period is a Saturday, Sunday, or legal holiday in
Hartford, Connecticut, then the revocation period shall not expire until the
next following day which is not a Saturday, Sunday, or legal
holiday.

     

    4. General
Release of Claim. Subject to the full satisfaction by the Employer of its
obligations under the Change in Control Agreement, Employee knowingly and
voluntarily releases and forever discharges Employer from any and all claims,
causes of action, demands, fees and liabilities of any kind whatsoever, whether
known and unknown, against Employer, Employee has, has ever had or may have as
of the date of execution of this Agreement and General Release, including, but
not limited to, any alleged violation of:

     

    
      
        
        

      

      
        - 23
-

        
          

        

      

      
        
        

      

    

     

    - Title
VII of the Civil Rights Act of 1964, as amended;

     

    - The
Civil Rights Act of 1991;

     

    -
Sections 1981 through 1988 of Title 42 of the United States Code, as
amended;

     

    - The
Employee Retirement Income Security Act of 1974, as amended;

     

    - The
Immigration Reform and Control Act, as amended;

     

    - The
Americans with Disabilities Act of 1990, as amended;

     

    - The Age
Discrimination in Employment Act of 1967, as amended;

     

    - The
Older Workers Benefit Protection Act of 1990;

     

    - The
Worker Adjustment and Retraining Notification Act, as amended;

     

    - The
Occupational Safety and Health Act, as amended;

     

    - The
Family and Medical Leave Act of 1993;

     

    - Any
wage payment and collection, equal pay and other similar laws, acts and statutes
of the State of Connecticut;

     

    - Any
other federal, state or local civil or human rights law or any other local,
state or federal law, regulation or ordinance;

     

    - Any
public policy, contract, tort, or common law; or

     

    - Any
allegation for costs, fees, or other expenses including attorneys fees incurred
in these matters.

     

    Notwithstanding anything herein to the
contrary, the sole matters to which the Agreement and General Release do not
apply are: (i) Employee’s express rights under any pension (including but not
limited to any rights under the Kaman Corporation Supplemental Retirement Plan)
or claims for accrued vested benefits under any other employee benefit plan,
policy or arrangement maintained by Employer or under COBRA; (ii) Employee’s
rights under the provisions of the Change in Control Agreement which are
intended to survive termination of employment; or (iii) Employee’s rights as a
stockholder.

     

    5. No Claims
Permitted. Employee waives Executive’s right to file any charge or complaint
against Employer arising out of Executive’s employment with or separation from
Employer before any federal, state or local court or any state or local
administrative agency, except where such waivers are prohibited by
law.

     

    
      
        
        

      

      
        - 24
-

        
          

        

      

      
        
        

      

    

     

    6. Affirmations.
Employee affirms Executive has not filed, has not caused to be filed, and is not
presently a party to, any claim, complaint, or action against Employer in any
forum. Employee further affirms that the Executive has been paid and/or has
received all compensation, wages, bonuses, commissions, and/or benefits to which
Executive may be entitled and no other compensation, wages, bonuses, commissions
and/or benefits are due to Executive, except as provided under the Change in
Control Agreement. Employee also affirms Executive has no known workplace
injuries.

     

    7. Cooperation;
Return of Property. In accordance with Section 10(f) of the Change in Control
Agreement Employee agrees to reasonably cooperate with Employer and its counsel
in connection with any investigation, administrative proceeding or litigation
relating to any matter that occurred during Executive’s employment in which
Executive was involved or of which Executive has knowledge and Employer will
reimburse the Employee for any reasonable out-of-pocket travel, delivery or
similar expenses incurred and lost wages (or will provide reasonable
compensation if Executive is not then employed) in providing such service to
Employer. The Employee represents the Executive has complied with Section 10(e)
of the Change in Control Agreement regarding the return of Employer property and
records.

     

    8. Governing
Law and Interpretation. This Agreement and General Release shall be governed and
conformed in accordance with the laws of the State of Connecticut without regard
to its conflict of laws provisions. In the event Employee or Employer breaches
any provision of this Agreement and General Release, Employee and Employer
affirm either may institute an action to specifically enforce any term or terms
of this Agreement and General Release. Should any provision of this Agreement
and General Release be declared illegal or unenforceable by any court of
competent jurisdiction and should the provision be incapable of being modified
to be enforceable, such provision shall immediately become null and void,
leaving the remainder of this Agreement and General Release in full force and
effect. Nothing herein, however, shall operate to void or nullify any general
release language contained in the Agreement and General Release.

     

    9. No
Admission of Wrongdoing. Employee agrees neither this Agreement and General
Release nor the furnishing of the consideration for this Release shall be deemed
or construed at any time for any purpose as an admission by Employer of any
liability or unlawful conduct of any kind.

     

    10. Amendment.
This Agreement and General Release may not be modified, altered or changed
except upon express written consent of both parties wherein specific reference
is made to this Agreement and General Release.

     

    11. Entire
Agreement. This Agreement and General Release sets forth the entire agreement
between the parties hereto and fully supersedes any prior agreements or
understandings between the parties; provided, however, that notwithstanding
anything in this Agreement and General Release, the provisions in the Change in
Control Agreement which are intended to survive termination of the Change in
Control Agreement, including but not limited to those contained in Section 10
thereof, shall survive and continue in full force and
effect.  Employee acknowledges Executive has not relied on any
representations, promises, or agreements of any kind made to Executive in
connection with Executive’s decision to accept this Agreement and General
Release.

     

    
      
        
        

      

      
        - 25
-

        
          

        

      

      
        
        

      

    

     

    EMPLOYEE
HAS BEEN ADVISED THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO
REVIEW THIS AGREEMENT AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING TO
CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL
RELEASE.

     

    EMPLOYEE
AGREES ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE
(21) CALENDAR DAY CONSIDERATION PERIOD.

     

    HAVING
ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
SET FORTH HEREIN, AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE CHANGE
IN CONTROL AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE
CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO
WAIVE, SETTLE AND RELEASE ALL CLAIMS EXECUTIVE HAS OR MIGHT HAVE AGAINST
EMPLOYER.

     

    IN
WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
Agreement and General Release as of the date set forth below:

     

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              	 	
                                                                      KAMAN
      CORPORATION

                                                                    	 
	 	 	 	 
	 	 	 	 
	
                                                                    	
                                                                      By:
      

                                                                    	 	 
	 	 	 	 
	 	Name:	[NAME]	 
	 	Title:	 	 	 
	 	Date:	 	 	 
	 	
                                                                    	 	 
	 	 	 	 
	 	 	 
	 	
                                                                      Neal
      J. Keating

                                                                    	 
	 	 	 	 	 
	 	Date:	 	 	 

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      26

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