Document:

Executive Employment Agreement between Candace A. Clark and Kaman Corporation

    
      

    

    Exhibit 10.3

     

    EXECUTIVE
      EMPLOYMENT AGREEMENT

     

    This
      EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is effective as of January 1,
      2007 (the “Effective Date”) between Kaman Corporation, a Connecticut corporation
      (the “Company”), and Candace A. Clark (the “Executive”).

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      the Executive is currently employed as the Senior Vice President, Chief Legal
      Officer and Secretary of the Company;

     

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

     

    WHEREAS,
      the Executive has agreed to continued employment with the Company on the terms
      as set forth below;

     

    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.

     

    The
      Executive’s term of employment under this Agreement shall be for an initial term
      commencing on 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.

     

    2. POSITION
      & DUTIES.

     

    (a) The
      Executive shall serve as the Company’s Senior Vice President, Chief Legal
      Officer and Secretary under this Agreement during the Employment Term. As Senior
      Vice President, Chief Legal Officer and Secretary, 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 positions as Senior Vice President, Chief Legal Officer and
      Secretary.

     

    
      
        
        

      

      
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    (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 Period at an annual rate of $326,000 (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 50% 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 “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 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 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.

     

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

     

    (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.

     

    
      
        
        

      

      
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    (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, or (C) willfully violated a material requirement of the Company’s code
      of conduct or the Executive’s fiduciary duty to the Company. 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 positions of Senior Vice President,
      Chief Legal Officer and Secretary (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;

     

    (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 Senior Vice President, Chief Legal Officer and
      Secretary.

     

    
      
        
        

      

      
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    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) an event shall not be considered Good
      Reason if the Executive fails to deliver notice of termination for Good Reason
      within 90 days of the Executive’s actual knowledge of the event, 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.
      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.

     

    (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”). 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 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). 

     

    
      
        
        

      

      
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    (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 of
      termination that the Executive is employed by the Company and the denominator
      of
      which is 365);

     

    (3) an
      amount
      equal to the product of two times the sum of (i) the Executive’s then Base
      Salary and (ii) the most recent annual bonus paid to the Executive (or awarded
      by the Board or the Committee for the preceding calendar year if not then paid),
      payable in a single lump sum commencing on the earliest payroll date that does
      not result in adverse tax consequences to Executive under Section 409A of the
      Code. Notwithstanding the foregoing, if the Executive terminates employment
      within two years of her 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) each
      cash-based long-term performance award for which the performance period has
      not
      yet been completed as of the date of such termination shall be deemed fully
      vested and fully earned and then shall be cancelled in exchange for a cash
      payment 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;

     

    
      
        
        

      

      
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    (5) 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) 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”);
      and

     

    (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.

     

    (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) each
      cash-based long-term performance award for which the performance period has
      not
      yet been completed as of the date of such termination shall be deemed fully
      vested and fully earned and then shall be cancelled in exchange for a cash
      payment within 10 business days after the date of the Executive’s retirement
      with payment 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;

     

    (4) 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

     

    (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.

     

    
      
        
        

      

      
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    (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. 

     

    (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.

     

    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 of
      presentation thereof by the Company to the Executive; 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 due following a
      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, and any
      such
      amounts shall be paid to the Executive within ten (10) days of the expiration
      of
      such revocation period without the occurrence of a revocation by the Executive
      (or such later date as may be required under Section 409A of the Code in
      accordance with Section 20 hereof). 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.

     

    
      
        
        

      

      
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    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 January 1, 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.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (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.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (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

     

    
      
         

        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    If
      to the
      Company:

     

    Kaman
      Corporation

    1332
      Blue
      Hills Avenue, P.O. Box 1

    Bloomfield,
      CT 06002

    Attention:
      Chief Financial 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 and replaces any and all prior employment
      agreements (collectively, the “Prior Agreements”) between the Company and the
      Executive. By signing this Agreement, the Executive acknowledges that the Prior
      Agreements are terminated and cancelled, and releases and discharges the Company
      from any and all obligations and liabilities heretofore or now existing under
      or
      by virtue of such Prior Agreements, it being the intention of the parties hereto
      that this Agreement effective immediately shall supersede and be in lieu of
      the
      Prior Agreements. It is specifically acknowledged by the Company that this
      Agreement does not 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.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    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 shall revisit this Agreement when the IRS issues
      final regulations under Section 409A of the Code for the sole purpose of
      determining whether any amendments are required in order to comply with such
      regulations. The parties shall promptly agree in good faith on appropriate
      provisions to avoid any material risk of noncompliance without materially
      changing the economic value (to the Executive) or the cost (to the Company)
      of
      this Agreement including, if necessary, the deferral of any amount payable
      hereunder upon separation from service to the first date such amount may be
      paid
      without incurring tax under Section 409A of the Code, in which case such payment
      shall bear interest at the applicable federal rate under Section 1274 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. REPRESENTATIONS.
      The Executive represents and warrants to the Company that the Executive has
      the
      legal right to enter into this Agreement and to perform all of the obligations
      on the Executive’s part to be performed hereunder in accordance with its terms
      and that the Executive is not a party to any agreement or understanding, written
      or oral, which could prevent the Executive from entering into this Agreement
      or
      performing all of the Executive’s obligations hereunder.

     

    23. 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.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    24. 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 25, 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.

     

    25. 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.

     

    
      
         

        
        

      

      
        14

        
          

        

      

      
        
        

      

    

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

     

    

      
        	
                 

                 

              	
                 

                 

              	
                 

                KAMAN
                  CORPORATION

              
	 	 	 
	 	
                By:  

              	
                /s/ Paul
                  R. Kuhn

              
	 	 	
                PAUL
                  R. KUHN

              
	 	
                Its:

              	
                PRESIDENT
                  AND CHIEF EXECUTIVE OFFICER

              
	 	 	 
	 	
                Date:

              	
                2/20/07

              
	 	 	 
	 	 	 
	 	 	 
	 	 	
                CANDACE
                  A. CLARK

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/
                  Candace A. Clark

              
	 	 	 
	 	 	 
	 	
                Date:

              	
                2/20/07

              
	 	 	 

      

    

     

    

     

    
      
         

        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    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 Candace A. Clark (“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 Senior
      Vice President, Chief Legal Officer and Secretary 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 Financial Officer, or his/her designee, or mailed to Kaman Corporation,
      1332 Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002, Attention Chief
      Financial 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:

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    - 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 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.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    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.

     

    7. Cooperation;
      Return of Property. In accordance with Section 11(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 11(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.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    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
      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:

              	
                 

                [NAME]

              
	 	
                Title:

              	 
	 	
                Date:

              	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
                CANDACE
                  A. CLARK

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                Date:

              	 
	 	 	 

      

    

     

     

    
      
        
        

      

      
        19Executive Employment Agreement between T. Jack Cahill and Kaman Industrial
      Technologies Corporation

    
      

    

    Exhibit 10.4

     

    EXECUTIVE
      EMPLOYMENT AGREEMENT

     

     

    This
      EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is effective
      as of
January
      1, 2007
      (the
“Effective Date”) between Kaman Industrial Technologies Corporation (the
“Company”), a subsidiary of Kaman Corporation (a Connecticut corporation)
      (“Kaman”), and T. Jack Cahill (the “Executive”).

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      the Executive is currently employed as the President of the
      Company;

     

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

     

    WHEREAS,
      the Executive has agreed to continued employment with the Company on the terms
      as set forth below;

     

    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. 

     

    The
      Executive’s term of employment under this Agreement shall be for an initial term
      commencing on 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. 

     

    2. POSITION
      & DUTIES.

     

    (a) The
      Executive shall serve as the President of the Company under this Agreement
      during the Employment Term. As President of the Company, 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 CEO of Kaman
      or the Company’s Board of Directors (the “Sub Board”) shall designate that are
      consistent with the Executive’s position as President of the
      Company.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (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 Sub 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 Sub
      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 Sub 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 Period at an annual rate of $350,000 (subject to
      possible increase if Kaman’s Board of Directors (the “Parent 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 Parent Board (or a
      committee thereof) of at least 50% 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 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 Parent Board or its Personnel and Compensation
      Committee (the “Committee”). The Executive shall be subject to, and shall comply
      with, Kaman’s stock ownership guidelines (unless waived by the Compensation
      Committee) and Kaman’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.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    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 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 position subject to satisfying the
      applicable eligibility requirements. 

     

    (b) VACATION.
      The Executive shall be entitled to at least 5 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 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. During the Employment Term and thereafter (regardless of the
      reason for the termination of the Employment Term), the Company shall cause
      Kaman to continue to make regular periodic premium payments for life insurance
      coverage issued under the Senior Executive Life Insurance Program for the
      remainder of the Executive’s life.

     

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

     

    (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.

     

    
      
        
        

      

      
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    (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 Parent 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 Parent Board that
      specifically identifies the manner in which the Parent 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 Kaman or
      the Company, or (C) willfully violated a material requirement of Kaman’s or the
      Company’s code of conduct or the Executive’s fiduciary duty to the Company. 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
      Parent Board (or the full Parent 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 of the Company
      (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;

     

    (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; 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (5) the
      assignment of duties to the Executive that are materially inconsistent with
      the
      Executive’s position as President of the Company; or

     

    (6) the
      Executive no longer being a direct report to the CEO of Kaman prior to a Change
      in Control (as defined in the Change in Control Agreement).

     

    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) an event shall not be considered Good
      Reason if the Executive fails to deliver notice of termination for Good Reason
      within 90 days of the Executive’s actual knowledge of the event, 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.
      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.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (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”). 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 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 of
      termination that the Executive is employed by the Company and the denominator
      of
      which is 365);

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (3) an
      amount
      equal to the product of two times the sum of (i) the Executive’s then Base
      Salary and (ii) the most recent annual bonus paid to the Executive (or awarded
      by the Parent Board or the Committee for the preceding calendar year if not
      then
      paid), payable in a single lump sum commencing on the earliest payroll date
      that
      does not result in adverse tax consequences to Executive under Section 409A
      of
      the Code. 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) each
      cash-based long-term performance award for which the performance period has
      not
      yet been completed as of the date of such termination
      shall be
      deemed fully vested and fully earned and then shall be cancelled in exchange
      for
      a cash payment 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;

     

    (5) 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

     

    (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) 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”).

     

    (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);

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

      (3) each
        cash-based long-term performance award for which the performance period has
        not
        yet been completed as of the date of such termination shall be deemed fully
        vested and fully earned and then shall be cancelled in exchange for a cash
        payment within 10 business days after the date of the Executive's retirement
        with payment 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;

    

     

    (4) 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

     

    (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.

     

    (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.

     

    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 of
      presentation thereof by the Company to the Executive; 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).

     

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    Notwithstanding
      the due date of any post-employment payments, any amounts due following a
      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, and any
      such
      amounts shall be paid to the Executive within ten (10) days of the expiration
      of
      such revocation period without the occurrence of a revocation by the Executive
      (or such later date as may be required under Section 409A of the Code in
      accordance with Section 20 hereof). 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. 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 January 1, 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 Kaman
      and 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 Kaman or the Company, any of their 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 Kaman and the Company with prior notice of the contemplated disclosure
      and reasonably cooperates with Kaman and the Company at their 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.

     

    
      
        
        

      

      
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    (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 Kaman or the Company or any of their
      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 Kaman or 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 Kaman
      or
      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 Kaman and 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 Kaman
      or
      the Company within the geographical area in which the business of Kaman or
      the
      Company is conducted.

     

    (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 (including parents and subsidiaries),
      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 Kaman and 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.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (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.

     

    (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.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (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

     

    If
      to the
      Company:

     

    c/o
      Kaman
      Corporation

    1332
      Blue
      Hills Avenue, P.O. Box 1

    Bloomfield,
      CT 06002

    Attention:
      Candace A. Clark, Esq.

     

    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 and replaces any and all prior employment
      agreements (collectively, the “Prior Agreements”) between the Company and the
      Executive. By signing this Agreement, the Executive acknowledges that the Prior
      Agreements are terminated and cancelled, and releases and discharges the Company
      from any and all obligations and liabilities heretofore or now existing under
      or
      by virtue of such Prior Agreements, it being the intention of the parties hereto
      that this Agreement effective immediately shall supersede and be in lieu of
      the
      Prior Agreements. It is specifically acknowledged by the Company that this
      Agreement does not 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.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    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.

     

    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 Parent 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 shall revisit this Agreement when the IRS issues
      final regulations under Section 409A of the Code for the sole purpose of
      determining whether any amendments are required in order to comply with such
      regulations. The parties shall promptly agree in good faith on appropriate
      provisions to avoid any material risk of noncompliance without materially
      changing the economic value (to the Executive) or the cost (to the Company)
      of
      this Agreement including, if necessary, the deferral of any amount payable
      hereunder upon separation from service to the first date such amount may be
      paid
      without incurring tax under Section 409A of the Code, in which case such payment
      shall bear interest at the applicable federal rate under Section 1274 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.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    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. REPRESENTATIONS.
      The Executive represents and warrants to the Company that the Executive has
      the
      legal right to enter into this Agreement and to perform all of the obligations
      on the Executive’s part to be performed hereunder in accordance with its terms
      and that the Executive is not a party to any agreement or understanding, written
      or oral, which could prevent the Executive from entering into this Agreement
      or
      performing all of the Executive’s obligations hereunder.

     

    23. 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.

     

    24. 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 25, 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.

     

    25. 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.

     

    
      
         

        
        

      

      
        14

        
          

        

      

      
        
        

      

    

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

     

    

      
        	
                 

                 

              	
                 

                 

              	
                 

                KAMAN
                  INDUSTRIAL

                TECHNOLOGIES
                  CORPORATION

              
	 	 	 
	 	
                By:  

              	
                /s/ Robert
                  M. Garneau

              
	 	 	
                ROBERT
                  M. GARNEAU

              
	 	 	 
	 	
                Its:

              	
                VICE
                  PRESIDENT

              
	 	 	 
	 	 	 
	 	
                Date:

              	
                2/20/07

              
	 	 	 
	 	 	 
	 	 	 
	 	 	
                T.
                  JACK CAHILL

              
	 	 	 
	 	 	 
	 	
                 

              	
                /s/
                  T. Jack Cahill

              
	 	 	 
	 	 	 
	 	
                Date:

              	
                February
                  20, 2007

              
	 	 	 

      

     

    
      
         

      

      
        15

        
          

        

      

      
        
        

      

    

    APPENDIX
      A

     

    FORM
      OF RELEASE

     

    AGREEMENT
      AND GENERAL RELEASE

     

    Kaman
      Industrial Technologies Corporation, its affiliates, parents, 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 T. Jack Cahill
      (“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 position as
      President of Kaman Industrial Technologies Corporation 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 Industrial
      Technologies Corporation c/o Kaman Corporation, 1332 Blue Hills Avenue, P.O.
      Box
      1, Bloomfield, CT 06002, Attention Candace Clark, 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:

    
 

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    - 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 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.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    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.

     

    7. Cooperation;
      Return of Property. In
      accordance with Section 11(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 11(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.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    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. 

     

    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
                  INDUSTRIAL

                TECHNOLOGIES
                  CORPORATION

              
	 	 	 
	 	
                By:  

              	 
	 	
                 

                Name:

              	
                 

                [NAME]

              
	 	
                Title:

              	 
	 	
                Date:

              	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
                T.
                  JACK CAHILL

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                Date:

              	 
	 	 	 

      

    

     

     

    
      
        
        

      

      
        19

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