Document:

EXHIBIT 10.2(a)

 

FIRST AMENDMENT TO THE

ESCO ELECTRONICS CORPORATION

SUPPLEMENTAL EXECUTIVE

RETIREMENT PLAN

 

WHEREAS, ESCO Electronics Corporation (“Company”)
adopted the Supplemental Executive Retirement Plan (“Plan”) for the benefit of selected executives effective as of
August 2, 1993; and

 

WHEREAS, the Company retained the right
to amend the Plan pursuant to Section IX-G thereof; and

 

WHEREAS, the Company desires to amend and
restate the Plan in its entirety effective as of August 2, 1993;

 

NOW, THEREFORE, effective as of August
2, 1993, the Plan is amended and restated in its entirety to read as follows:

 

SECTION I

 

DEFINITIONS

 

A.    “Beneficiary”
means the Beneficiary designated by the Participant to receive a death benefit under the Retirement Plan.

 

B.    “Change
of Control” means any of the following: (a) the purchase or other acquisition (other than from the Company), by any
persons, entity or group of persons, within the meaning of Section 13(d) or 14(d) of the Exchange Act (excluding, for this purpose,
the Company or its subsidiaries or any employee benefit plan of the Company or its subsidiaries), of the beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either the then-outstanding shares of
common stock of the Company or the combined voting power of the Company’s then-outstanding voting securities entitled to
vote generally in the election of directors; (b) individuals who, as of the date hereof, constitute the Incumbent Board cease
for any reason to constitute at least a majority of the Board of Directors of the Company, provided that any person who becomes
a director subsequent to the date hereof whose election or nomination for election by the Company’s stockholders was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an individual whose initial
assumption of office is in connection with an actual or threatened election contest relating to the election of directors of the
Company, as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act shall be, for purposes of
this Section, considered as though such person were a member of the Incumbent Board; or (c) approval by the stockholders of the
Company of a reorganization, merger or consolidation, in each case with respect to which persons who were the stockholders of
the Company immediately prior to such reorganization, merger or consolidation do not, immediately thereafter, own more than 50%
of, respectively, the common stock and the combined voting power entitled to vote generally in the election of directors of the
reorganized, merged or consolidated corporation’s then-outstanding voting securities, or of a liquidation or dissolution
of the Company or of the sale of all or substantially all of the assets of the Company.

 

C.    “Code”
means the Internal Revenue Code of 1986, as amended.

 

D.    “Committee”
means the Human Resources and Ethics Committee of the Board of Directors of the Company.

 

E.    “Company”
means ESCO Electronics Corporation, a Missouri corporation.

 

F.    “Employee”
means an Employee of an Employer.

 

G.    “Employer”
means the Company and any of its subsidiaries or affiliates which has, with the consent of the Board of Directors of the Company,
adopted the Plan.

 

H.    “Employment”
means employment with an Employer.

 

I.      “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

J.     “Incumbent
Board” means the individuals who, as of the date of adoption of this Plan, constitute the Board of Directors of the Company.

 

    	1

    	 

    

 

K.   “Normal
Retirement Benefit” means the normal retirement benefit of a Participant determined under Sections 5-A(1) and 5-A(2)
of the Retirement Plan, but excluding the offset provided under Section 5-A(3), and computed without regard to the limitations
of Section 17-F of the Retirement Plan and without regard to the limitation on the amount of compensation which may be taken into
account under Section 401(a)(17) of the Code.

 

L.    “Normal
Retirement Benefit Under the Retirement Plan” means the Normal Retirement Benefit of a Participant determined under Sections
5-A(1) and 5-A(2) of the Retirement Plan, but excluding the offset provided under Section 5-A(3), as limited by Section 17-F of
the Retirement Plan and by the amount of compensation which may be taken into account under Section 401(a) (17) of the Code.

 

M.  “Participant”
means an Employee eligible to participate in the Plan pursuant to Section II.

 

N.   “Plan”
means this ESCO Electronics Corporation Supplemental Executive Retirement Plan.

 

O.   “Pre-Retirement
Death Benefit” means, in the case of a Participant who dies in Employment, the pre-retirement death benefit which would
be payable under Section VII of the Retirement Plan excluding the offset provided under Section 5-A(3) in the benefit formula and
without regard to the limitations under Section 17-F of the Retirement Plan and without regard to limitations on the amount of
compensation which may be taken into account under Section 401(a)(17) of the Code, but taking into account all the elections (of
forms of benefits and Beneficiary designation) in effect at the time of the Participant’s death, less the pre-retirement
death benefit in fact payable under Section VII of the Retirement Plan (but excluding the offset provided under Section 5-A(3)
in the benefit formula) as of the date of the Participant’s death.

 

P.    “Post-Retirement
Death Benefit” means, in the case of a Participant who dies after termination of Employment but prior to commencement
of his benefits under this Retirement Plan, the death benefit which would be payable under Section VII of the Retirement Plan excluding
the offset provided under Section 5-A(3) in the benefit formula and without regard to the limitations under Section 17-F of the
Retirement Plan and without regard to the limitation on the amount of compensation which may be taken into account under Section
401(a) (17) of the Code, but taking into account all the elections (of forms of benefits and Beneficiary designation) in effect
at the time of the Participant’s death, less the death benefit in fact payable under Section VII of the Retirement Plan (but
excluding the offset provided under Section 5-A(3) in the benefit formula) as of the date of the Participant’s death.

 

Q.   “Retirement
Plan” means the ESCO Electronics Corporation Retirement Plan.

 

SECTION II

 

ELIGIBILITY

 

Participation in the Plan shall be limited
to the Chief Executive Officer of the Company and to those other Employees whom the Chief Executive Officer selects by written
notice to the Participant.

 

SECTION III

 

BENEFITS

 

A Participant who terminates Employment
with a vested benefit under the Retirement Plan shall receive a monthly benefit under the Plan which, when expressed as a straight
life annuity with sixty monthly payments guaranteed, is equal to his Normal Retirement Benefit reduced by his Normal Retirement
Benefit Under the Retirement Plan.

 

SECTION IV

 

TIME AND FORM OF PAYMENTS

 

A.   Except
as otherwise provided in Section VI, the benefit payable under Section III shall commence on the first day of the month coincident
with or next following the later of (a) the date the Participant attains age 65 or (b) the date that Participant terminates Employment.
The benefit shall be payable for the life of the Participant with sixty monthly payments guaranteed. If the Participant dies prior
to receiving sixty monthly payments, the unpaid installments shall be paid to his Beneficiary.

 

B.    Notwithstanding
Section IV-A, the Committee may, in its discretion, direct that a benefit, of equivalent actuarial value to the benefit described
in Section III, shall be payable to any Participant in such form and payable at such times as the Committee shall determine. All
equivalent actuarial values shall be determined by using the same actuarial assumptions as are used in computing equivalent actuarial
values under the Retirement Plan.

 

    	2

    	 

    

 

SECTION V

 

DEATH BENEFIT

 

A.   If
a Participant dies in Employment leaving a Beneficiary, such Beneficiary shall receive the Pre-Retirement Survivor Benefit.

 

B.    If
a Participant terminates Employment with a vested benefit under the Plan but dies before his benefit has commenced, leaving a Beneficiary,
such Beneficiary shall receive the Post-Retirement Survivor Benefit.

 

C.    Notwithstanding
the provisions of Sections V-A and V-B, the Committee may direct that the Beneficiary receive a different form of benefit, of equivalent
actuarial value to the benefit payable under such Sections, computed by using the same actuarial assumptions as are used in computing
equivalent actuarial values under the Retirement Plan.

 

SECTION VI

 

CHANGE OF CONTROL

 

Notwithstanding anything else contained
in the Plan, in the event of a Change of Control, each Participant shall become fully vested in his accrued benefits as of the
date of the Change of Control, even if he is not fully vested under the Retirement Plan. Each Participant shall be paid, upon the
Participant’s termination of Employment occurring after the Change of Control, a lump sum distribution equal to the actuarial
equivalent of his accrued benefits (using the same actuarial assumptions as are used in computing equivalent actuarial values under
the Retirement Plan). Notwithstanding the foregoing, the Participant may elect to receive payment in the form of the benefit provided
under Section IV. At the commencement of participation in the Plan, each Participant shall make an irrevocable election as to the
timing and form of any payments due under this Section VI. Such election shall be irrevocable subject only to the Committee’s
right to permit the election to be revoked and a new election made upon a showing of good cause to the satisfaction of the Committee.

 

SECTION VII

 

FORFEITURE
OF BENEFITS

 

If any Participant entitled to a benefit
under the Plan is discharged for cause, or enters into competition with the Company, or interferes with the relations between the
Company and any customer or engages in any activity that would result in any decrease of, or loss in, sales by the Company, the
rights of such Participant to a benefit under the Plan, including the rights of a Beneficiary to a benefit, will be forfeited,
unless the Committee determines that such activity is not detrimental to the best interests of the Company. However, if the individual
ceases such activity and notifies the Committee of this action, then the Participant’s right to receive a benefit, and any
right of a Beneficiary to a benefit, may be restored within 60 days of said notification, unless the Committee in its sole discretion
determines that the prior activity has caused serious injury to the Company, which determination shall be final and conclusive.

 

SECTION VIII

 

ADMINISTRATION AND CLAIMS PROCEDURE

 

A.   The
Committee shall construe, interpret and administer all provisions of the Plan and a decision of a majority of the members of the
Committee shall govern.

 

B.    A
decision of the Committee may be made by a written document signed by a majority of the members of the Committee or by a meeting
of the Committee. The Committee may authorize any of its members to sign documents or papers on its behalf.

 

C.    The
Committee may appoint such agents, who need not be members of the Committee, as it may deem necessary for the effective exercise
of its duties, and may to the extent not inconsistent herewith, delegate to such agents any powers and duties both ministerial
and discretionary, as the Committee may deem expedient and appropriate.

 

D.    No
member of the Committee shall make any decision or take any action covering exclusively his own benefits under the Plan, but all
such matters shall be decided by a majority of the remaining members of the Committee or, in the event of inability to obtain a
majority, by the Board of Directors of the Company.

 

    	3

    	 

    

 

E.    A
Participant who believes that he is being denied a benefit to which he is entitled (hereinafter referred to as “Claimant”)
may file a written request for such benefit with the Committee setting forth his claim. The request must be addressed to: Human
Resources and Ethics Committee, ESCO Electronics Corporation, 8100 West Florissant, St. Louis, Missouri 63136.

 

F.    Upon
receipt of a claim the Committee shall advise the Claimant that a reply will be forthcoming within 90 days and shall in fact deliver
such reply in writing within such period. The Committee may, however, extend the reply period for an additional 90 days for reasonable
cause. If the claim is denied in whole or in part, the Committee will adopt a written opinion using language calculated to be understood
by the Claimant setting forth:

 

1.    the
specific reason or reasons for denial,

 

2.    the
specific references to pertinent Plan provisions on which the denial is based,

 

3.    a
description of additional material or information necessary for the Claimant to perfect the claim and an explanation why such material
or such information is necessary,

 

4.    appropriate
information as to the steps to be taken if the Claimant wishes to submit the claim for review, and

 

5.    the
time limits for requesting a review under Subsection G and for the review under Subsection H.

 

G.    Within
sixty days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the
Chief Executive Officer of the Company review the determination of the Committee. Such request must be addressed to: Chief Executive
Officer, ESCO Electronics Corporation, 8100 West Florissant, St. Louis, Missouri 63136. The Claimant or his duly authorized representative
may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Chief Executive
Officer. If the Claimant does not request a review of the Committee’s determination by the Chief Executive Officer within
such sixty-day period, he shall be barred and estopped from challenging the Committee’s determination.

 

H.   Within
sixty days after the Chief Executive Officer’s receipt of a request for review he will review the Committee’s determination.
After considering all materials presented by the Claimant, the Chief Executive Officer will render a written opinion, written in
a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific
references to the pertinent Plan provisions on which the decision is based. If special circumstances require that the sixty-day
time period be extended, the Chief Executive Officer will so notify the Claimant and will render the decision as soon as possible
but not later than 120 days after receipt of the request for review.

 

SECTION IX

 

MISCELLANEOUS

 

A.   Plan
Year. The Plan Year shall be the twelve month period commencing October 1 and ending September 30.

 

B.    Spendthrift.
No Participant or beneficiary shall have the right to assign, transfer, encumber or otherwise subject to lien any of the benefits
payable or to be payable under this Plan.

 

C.    Incapacity.
If, in the opinion of the Committee, a person to whom a benefit is payable is unable to care for his affairs because of illness,
accident or any other reason, any payment due the person, unless prior claim therefor shall have been made by a duly qualified
guardian or other duly appointed and qualified representative of such person, may be paid to some member of the person’s
family, or to some party who, in the opinion of the Committee, has incurred expense for such person. Any such payment shall be
a payment for the account of such person and shall be a complete discharge of any liability.

 

D.   Employee
Rights. The Employer, in adopting this Plan, shall not be held to create or vest in any Employee or any other person any benefits
other than the benefits specifically provided herein, or to confer upon any Employee the right to remain in the service of the
Employer.

 

E.    Service
of Process and Plan Administrator.

 

1.    The
Senior Vice President, Secretary and General Counsel of the Company shall be the agent for service of legal process.

 

2.    The
Company shall constitute the Plan Administrator.

 

    	4

    	 

    

 

F.    Unfunded
Plan. The Plan shall be unfunded. All payments to a Participant under the Plan shall be made from the general assets of the
Employer. The rights of any Participant to payment shall be those of an unsecured general creditor of the Company.

 

G.    Company
Rights. The Company reserves the right to amend or terminate the Plan. Each Employer may terminate its participation in the
Plan at any time with the approval of the Company.

 

H.    Reemployment.
If a Participant is receiving benefits under the Plan and is re-employed by an Employer, benefits shall cease until he is no longer
employed by an Employer.

 

I.     Successors
in Interest. The Plan and the Company’s obligations thereunder shall be binding upon and inure to its successors in interest.

 

J.     Governing
Law. The Plan shall be governed and construed according to the laws of the State of Missouri.

 

IN WITNESS WHEREOF, ESCO Electronics Corporation
has caused this Amendment to be executed by one of its duly authorized officers this 7th day of December, 1993.

 

	 	ESCO ELECTRONICS CORPORATION
	 	 
	 	By  	/s/Philip A. Hutchison
	 	 	 
	 	 	December 7, 1993

 

    	5EXHIBIT 10.3(a)

 

ESCO ELECTRONICS CORPORATION

DIRECTORS’ EXTENDED COMPENSATION
PLAN

 

I.    PURPOSE

 

The purpose of the ESCO Electronics Corporation
Directors’ Extended Compensation Plan (the “Plan”) is to provide extended compensation for non-employee directors
of ESCO Electronics Corporation (the “Company”) following their retirement from the Board of Directors (the “Board”)
under the terms and condition set forth hereinafter. The Board of Directors has determined that the establishment of such a benefit
will be useful in its efforts to retain and to attract highly qualified individuals to serve on the Board of the Company.

 

II.   ELIGIBILITY

 

A director, in order to be eligible for
benefits under the Plan, must (a) retire as a non-employee director after at least five (5) years of service as a non-employee
director of the Company, or (b) retire as a non-employee director pursuant to any provisions prohibiting re-election to the Board.
Service as a non-employee director shall mean such service while the director is not an employee of the Company.

 

III.  BENEFITS

 

1.    The
annual benefit under the Plan shall be a percentage of the annual cash retainer then being paid to directors at the time of the
director’s retirement based upon the number of the director’s complete years of service at the time of retirement in
accordance with the following table:

 

	Complete 
 Years of Service	 	Percentage of Annual
 Cash Retainer Payable	 
	Less than 5	 	 	0	%
	5	 	 	50	%
	6	 	 	60	%
	7	 	 	70	%
	8	 	 	80	%
	9	 	 	90	%
	10 or more	 	 	100	%

 

2.    Notwithstanding
paragraph 1, if retirement is pursuant to a provision prohibiting re-election to the Board and the director has less than five
(5) complete years of service, the annual benefit shall be 50% of the annual cash retainer.

 

3.    The
benefit shall be paid in quarterly installments commencing with the first quarter following the later of (a) retirement, or (b)
the director’s 65th birthday, and shall continue for life.

 

4.    If
a retired director dies leaving a surviving spouse, 50% of the annual benefit payable to the director shall continue to be paid
to the surviving spouse for the life of such spouse.

 

IV.  MISCELLANEOUS

 

1.    The
Human Resources and Ethics Committee of the Board shall have plenary authority to interpret and to apply the terms of the Plan
and to take such additional action consistent with the purpose of the Plan as is, in its sole judgment, just and equitable. Such
Committee shall have the right to amend or terminate the Plan at any time.

 

2.    Retirement
as a director shall be governed by the bylaws of the Company, as in effect from time to time.

 

3.    Each
director receiving benefits under the Plan, and in consideration therefor, shall be expected to be available upon reasonable request
to consult with the Chairman and Chief Executive Officer and with the Board on a reasonable basis and to an extent not inconsistent
with the director’s retirement.

 

4.    Eligibility
under the terms of the Plan shall in no way affect other benefits from the Company to which a non-employee director may be entitled.

 

5.    The
benefits contemplated hereunder shall not be funded by trust or otherwise, but shall be treated as a general expense of the Company.
The right of any person to benefits hereunder shall be no greater than that of an unsecured general creditor of the Company. Benefits
hereunder may not be assigned or alienated.

 

    	1

    	 

    

 

6.    The
Plan shall take effect October 11, 1993 and shall apply, in accordance with its terms and conditions, to any retirement as a non-employee
director of the Company taking place thereafter.

 

    	2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]