Document:

EX-10.33

Exhibit 10.33

CONSULTING AGREEMENT

     THIS CONSULTING AGREEMENT (“Agreement”) is entered into as of the 1st day of January, 2011
(the “Effective Date”), by and between Spirit AeroSystems, Inc. (the “Company”) and Ronald C.
Brunton (the “Consultant”).

     W I T N E S S E T
H: That;

     WHEREAS, the Consultant has been a valuable executive employee of the Company, having served
in several Executive roles, including Chief Operations Officer; and

     WHEREAS, the Consultant has retired from employment with the Company and has provided valuable
services to the Company throughout his career; and

     WHEREAS, the Company desires to engage the Consultant to continue to provide post-retirement
consulting services for the Company on the terms and conditions set forth herein.

     NOW, THEREFORE, on the basis of the foregoing premises and the mutual covenants and agreements
set forth herein, the parties hereby agree as follows:

     1. Consulting Services. During the term of this Agreement, the Consultant agrees to
provide such consulting services for the Company as the Company may reasonably request, including,
but not limited to, making available to the Company knowledge, information, and skills developed or
acquired by the Consultant during the Consultant’s employment with the Company. There will be no
fixed time or schedule for the performance of consulting services by the Consultant, and the
Consultant generally will determine the appropriate time, place, and manner of performing
consulting services. But the Consultant agrees to use reasonable efforts to be available by phone
or in person for the performance of services, as reasonably requested by the Company, and the
Consultant will (absent unforeseeable circumstances) perform consulting services at any times or
places agreed in advance by the Consultant and the Company. The Company will make reasonable
office space and administrative support available to the Consultant in connection with the
performance of consulting services.

     2. Term and Termination. The initial term of this Agreement will begin on the
Effective Date and will end on the one-year anniversary of the Effective Date. The Company will
have the option to renew the Agreement for an additional one-year term (a “renewal term”), if the
Company notifies the Consultant at least thirty days before the end of the initial term that the
Agreement will be renewed. The Agreement will terminate upon the earliest to occur of the
following: (i) mutual written agreement of the parties; (ii) the end of the initial term, if the
Agreement is not renewed; (iii) the end of the renewal term, if the Agreement is renewed; (iv) the
death or permanent disability of the Consultant; (v) notice from the Company to the Consultant that
one or more of the conditions precedent set forth in Section 4 of this Agreement has not been
satisfied; or (vi) material breach of the Agreement by either party, if such breach is not
substantially cured within 10 days after the non-breaching party gives written notice of the breach
to the breaching party.

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     3. Compensation and Expenses. For all consulting services to be performed by the
Consultant pursuant to this Agreement, the Company will pay the Consultant $6,000.00 per month
(less authorized withholdings, if any) for each month during the term of the Agreement. If the
performance of consulting services for the Company requires the Consultant to incur out-of-pocket
expenses (e.g., travel expenses), such expenses will be reimbursed by the Company in accordance
with the Company’s policies and practices, so long as (i) such expenses are reasonable, and (ii)
request for reimbursement of such expenses is made in writing and is supported by adequate
substantiation, as determined by the Company. Travel expenses and any single item in excess of
$250 will be reimbursed only if approved in advance by the Company.

     4. Conditions Precedent. The Consultant acknowledges and agrees that (i) satisfaction
of the requirements set forth in this Section will be a condition precedent to the Company’s
obligation to pay the Consultant compensation in accordance with this Agreement, and (ii) if the
Consultant fails to satisfy any of these requirements, no further amounts will be payable under the
Agreement and the Company may, at its option and upon notice to the Consultant, immediately
terminate the Agreement.

          (a) Non-Compete. During the term of this Agreement, the Consultant will not, without
the Company’s written consent, anywhere in the world, directly or indirectly, own, be employed by,
solicit sales for, invest in, participate in, advise, consult with, or otherwise be connected in
any way with any business or entity that is engaged, in whole or in part, in any business that is
competitive with the business of the Company (or any portion thereof), except for the exclusive
benefit of the Company. Holding, directly or indirectly, not greater than two percent of the
outstanding securities of a company listed on or through a national securities exchange will not,
by itself, violate this requirement.

          (b) Non-Solicitation. During the term of this Agreement, the Consultant will not,
without the Company’s written consent, directly or indirectly, solicit or take any action to induce
any employee to quit or terminate their employment with the Company or the Company’s affiliates.

          (c) Confidentiality. The Consultant will not breach the duty of confidentiality set
forth in Section 5 of this Agreement.

          (d) Other Rights Preserved. Nothing in this Section eliminates or diminishes rights
that the Company may have with respect to the subject matter hereof under other agreements, the
governing statutes, or under provisions of law, equity, or otherwise. Without limiting the
foregoing, this Section does not limit any rights the Company may have under any agreement with the
Consultant regarding trade secrets or confidential information.

     5. Confidentiality. The Consultant will not, at any time (before, during, or after
the term of this Agreement), use (other than for the benefit of the Company) or disclose to any
other person or business entity proprietary or confidential information concerning the Company, the
Company’s parent, or any of their affiliates, or the Company’s, the Company’s parent’s, or any of
their affiliates’ trade secrets or inventions of which the Consultant has gained knowledge either
during the Consultant’s employment with the Company or during the term of this

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Agreement. This paragraph will not apply to any such information that (i) the Consultant is
required to disclose by law; (ii) has been otherwise disseminated, disclosed, or made available to
the public; or (iii) was obtained after the term of this Agreement from some source other than the
Company, which source was under no obligation of confidentiality.

     6. Status of Relationship. The Consultant will be an independent contractor of the
Company with respect to the consulting services performed under this Agreement. The Consultant
will not have the authority to incur any obligations or liabilities on behalf of the Company, and
the Consultant will not be entitled to any employment status, benefits, or rights the Company may
provide from time to time to its employees (other than those benefits, if any, that are available
to the Consultant as a former employee of the Company). The Consultant will provide the Company
with a properly completed IRS Form W-9 and such other forms or documents as the Company may
reasonably request in connection with the reporting of payments made to the Consultant for
consulting services.

     7. Assignment. The rights and obligations of the Company under this Agreement will be
assignable to, will inure to the benefit of, and will be binding upon, the Company’s successors and
assigns. The Consultant will not have the right to assign any of the rights or obligations
contained in this Agreement.

     8. Miscellaneous. This Agreement may be amended only in a writing signed by all of
the parties. The waiver by any party of a breach of any provision of this Agreement will not
operate as, nor be construed as, a waiver of any subsequent breach hereof. This Agreement
constitutes the entire agreement of the parties with respect to the subject matter hereof and
supersedes all prior oral or written agreements or understandings pertaining thereto. This
Agreement will be governed by and construed in accordance with the laws of the State of Kansas.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the
Effective Date.

	 	 	 	 	 	 	 	 	 

	SPIRIT AEROSYSTEMS, INC.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By: 
	/s/ Gloria Farha Flentje
 

	 	 
	 	/s/ Ronald Brunton
 

	 	 
	Name: Gloria Farha Flentje	 	 	 	 	 	 
	Title: Senior Vice President of Corporate	 	 	 	 	 	 
	Administration and Human Resources	 	 	 	 	 	 
	 

	 	“Company”
	 	 	 	“Consultant”	 	 

-3-exv10w34

Exhibit 10.34

 

Spirit 

AeroSystems 

Holdings, Inc. 

Amended and 

Restated 

Deferred 

Compensation 

Plan

 

January 1, 2009

 

 

SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED DEFERRED COMPENSATION PLAN

Table of Contents

	 	 	 	 	 
	ARTICLE I — PURPOSE
	 	 	1	 
	 
	 	 	 	 
	Section 1.01. Purpose
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II — DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	Section 2.01. Affiliated Company(ies)
	 	 	1	 
	Section 2.02. Beneficiary or Beneficiaries
	 	 	2	 
	Section 2.03. Board of Directors
	 	 	2	 
	Section 2.04. Code
	 	 	2	 
	Section 2.05. Committee
	 	 	2	 
	Section 2.06. Company
	 	 	2	 
	Section 2.07. Deferred Compensation Account
	 	 	2	 
	Section 2.08. Employee
	 	 	2	 
	Section 2.09. Employer
	 	 	3	 
	Section 2.10. Participant
	 	 	3	 
	Section 2.11. Plan
	 	 	3	 
	Section 2.12. Plan Year
	 	 	3	 
	Section 2.13. Separation from Service
	 	 	3	 
	Section 2.14. Sole Discretion
	 	 	3	 
	Section 2.15. Specified Employee
	 	 	3	 
	Section 2.16. Termination For Cause
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III — PARTICIPATION
	 	 	4	 
	 
	 	 	 	 
	Section 3.01. Participation
	 	 	4	 
	Section 3.02. Salary Reduction Agreements
	 	 	5	 
	 
	 	 	 	 
	ARTICLE IV — DEFERRED COMPENSATION ACCOUNT
	 	 	5	 
	 
	 	 	 	 
	Section 4.01. Deferred Compensation Account
	 	 	5	 
	Section 4.02. Increases and Decreases in Account
	 	 	6	 
	Section 4.03. Statement of Account
	 	 	7	 
	 
	 	 	 	 
	ARTICLE V — BENEFITS
	 	 	7	 
	 
	 	 	 	 
	Section 5.01. General
	 	 	7	 
	Section 5.02. Beneficiary Designations
	 	 	7	 

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	Section 5.03. Payment
	 	 	7	 
	 
	 	 	 	 
	ARTICLE VI — CONDITIONS PRECEDENT
	 	 	8	 
	 
	 	 	 	 
	Section 6.01. Conditions Precedent
	 	 	8	 
	 
	 	 	 	 
	ARTICLE VII — SOURCE OF BENEFITS
	 	 	10	 
	 
	 	 	 	 
	Section 7.01. Source of Benefits
	 	 	10	 
	Section 7.02. Multiple Employers
	 	 	10	 
	 
	 	 	 	 
	ARTICLE VIII — ADMINISTRATION
	 	 	11	 
	 
	 	 	 	 
	Section 8.01. Committee
	 	 	11	 
	Section 8.02. Reliance on Certificates, etc.
	 	 	11	 
	 
	 	 	 	 
	ARTICLE IX — AMENDMENT AND TERMINATION
	 	 	12	 
	 
	 	 	 	 
	Section 9.01. Amendment
	 	 	12	 
	Section 9.02. Termination
	 	 	12	 
	 
	 	 	 	 
	ARTICLE X — RESTRICTIONS ON ALIENATION
	 	 	12	 
	 
	 	 	 	 
	Section 10.01. Restrictions on Alienation
	 	 	12	 
	 
	 	 	 	 
	ARTICLE XI — CLAIMS PROCEDURES
	 	 	13	 
	 
	 	 	 	 
	Section 11.01. Claims
	 	 	13	 
	Section 11.02. Claims Review
	 	 	13	 
	Section 11.03. Appeal of Claim Denial
	 	 	13	 
	Section 11.04. Review on Appeal
	 	 	14	 
	Section 11.05. Litigation of Claim
	 	 	14	 
	 
	 	 	 	 
	ARTICLE XII — MISCELLANEOUS
	 	 	14	 
	 
	 	 	 	 
	Section 12.01. Effective Date
	 	 	14	 
	Section 12.02. No Guarantee of Interests
	 	 	15	 
	Section 12.03. Payments Net of Withholding
	 	 	15	 
	Section 12.04. Binding on Successors
	 	 	15	 
	Section 12.05. Adoption by Other Employers
	 	 	15	 
	Section 12.06. Minors and Incompetents
	 	 	15	 
	Section 12.07. Erroneous Payments
	 	 	15	 
	Section 12.08. Headings
	 	 	15	 
	Section 12.09. Notices
	 	 	15	 
	Section 12.10. Severability
	 	 	16	 
	Section 12.11. No Contract of Employment
	 	 	16	 

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	Section 12.12. Certain Limitations
	 	 	16	 
	Section 12.13. Governing Law
	 	 	16	 
	Section 12.14. Nonexclusivity of the Plan
	 	 	16	 
	Section 12.15. Changes in Time or Form of Distribution
	 	 	16	 
	Section 12.16. No Acceleration
	 	 	17	 

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SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED DEFERRED COMPENSATION PLAN

     W I T N E S S E T
H: That;

     WHEREAS, the Company provides specified unfunded deferred-compensation benefits for a select
group of management or highly compensated employees of the Employer under the Spirit AeroSystems
Holdings, Inc. Deferred Compensation Plan (the “Plan”); and

     WHEREAS, it is desirable to amend and restate the Plan in its entirety to adopt certain
amendments to ensure compliance with Code Section 409A; and

     WHEREAS, the Board of Directors of the Company has reviewed the terms and provisions of this
restated document and found them satisfactory.

     NOW, THEREFORE, the Company hereby adopts this amended and restated Plan on the terms and
conditions set forth herein, which Plan shall hereafter be known as the “Spirit AeroSystems
Holdings, Inc. Amended and Restated Deferred Compensation Plan.”

ARTICLE I — PURPOSE

     Section 1.01. Purpose. The purpose of the Plan is to provide specified unfunded
deferred-compensation benefits for a select group of management or highly compensated employees of
the Employer who are eligible to participate in the Plan. It is the intention of the Company that
this program shall be administered as an unfunded plan of deferred compensation for income-tax
purposes and as an unfunded employee-benefit plan established and maintained primarily for a select
group of management or highly compensated employees within the meaning of Sections 201(2),
301(a)(3), and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”).

ARTICLE II — DEFINITIONS

     For purposes of the Plan, the following terms shall have the following meanings, unless the
context clearly indicates otherwise.

     Section 2.01. Affiliated Company(ies) means each entity that has a relationship to the
Employer as described by Section 414(b), (c), or (m) of the Code.

     For purposes of determining whether a Participant has incurred a Separation from Service, the
foregoing provisions of Code Sections 414(b) and 414(c) will be applied by
substituting the phrase “more than 50%” for the phrase “at least 80%” in each place it

- 1 -

 

appears
in Code Section 1563(a)(1), (2), and (3) and in each place it appears in Treasury Regulation
Section 1.414(c)-2.

     Section 2.02. Beneficiary or Beneficiaries means the person, persons, entity, or
entities entitled to receive any benefits under this Plan pursuant to the designation of the
Participant (or in default of such designation) as provided in Section 5.02 hereof.

     Section 2.03. Board of Directors means the Board of Directors of the Company.

     Section 2.04. Code means the Internal Revenue Code of 1986, as amended.

     Section 2.05. Committee means the Board of Directors or a committee appointed by, and
serving at the pleasure of, the Board of Directors for purposes of administering the Plan, which
committee shall operate under rules and procedures established by the Board of Directors from time
to time for such purpose.

     Section 2.06. Company means Spirit AeroSystems Holdings, Inc., or its successor.

     Section 2.07. Deferred Compensation Account means the ledger entry established for
each Participant under the Plan, which entry shall represent the Employer’s unsecured and unfunded
promise to pay the amount of benefits set forth by such entry. The Committee may establish one or
more sub-accounts for each Participant, including, but not limited to, the following:

	 	A.	 	A “Salary Reduction Account” created to hold Employee salary reduction
contributions;
	 
	 	B.	 	A “Supplemental Benefit Account” created to hold certain benefits under the
Supplemental Benefit Plan for Employees of The Boeing Company the liability for which
was assumed by Spirit AeroSystems, Inc. pursuant to that certain Asset Purchase
Agreement by and between The Boeing Company and Mid-Western Aircraft Systems, Inc.,
dated as of February 22, 2005 (the “Asset Purchase Agreement”);
	 
	 	C.	 	An “Employer Match Account” created to hold Employer matching contributions;
and
	 
	 	D.	 	An “Employer Discretionary Contribution Account” created to hold Employer
discretionary contributions.

Separate accounting among a Participant’s sub-accounts shall be utilized.

     Section 2.08. Employee means any individual who is employed and compensated (by a
payroll check issued directly from the Employer or Employer agent to the Employee or direct payroll
deposit made to the Employee’s account by the Employer or Employer agent) by the Employer. In no
event shall the term “Employee” include any individual classified or

- 2 -

 

treated or otherwise
characterized by the Employer as an independent contractor, consultant, leased employee, or
temporary agency employee or otherwise not treated by the Employer as an “Employee” for purposes of
this Plan. The foregoing determination shall apply for all purposes of this Plan and regardless of
whether such individual is later classified by any governmental agency, court, tribunal, governing
body, or any other person as a common-law employee of the Employer.

     Section 2.09. Employer means the Company, Spirit AeroSystems, Inc. (or its successor),
and any other entity that adopts this Plan with the consent and approval of the Committee.

     Section 2.10. Participant means an Employee who has been designated by the Committee
as eligible to participate in this Plan pursuant to Section 3.01. Where the context requires, the
term “Participant” also shall include a former Participant.

     Section 2.11. Plan means this Spirit AeroSystems Holdings, Inc. Amended and Restated
Deferred Compensation Plan, as amended.

     Section 2.12. Plan Year means the 12-month period commencing January 1 each year.

     Section 2.13. Separation from Service means the termination of employment with the
Employer and all Affiliated Companies. The term includes, but is not limited to, terminations of
employment that arise from a Participant’s death, disability, retirement, discharge (with or
without cause), or voluntary termination. The term shall not include any temporary absences due to
vacation, sickness, or other leaves of absence granted to a Participant by the Employer. A
Separation from Service shall not be deemed to occur upon a transfer involving any combination of
the Employer or any Affiliated Company.

     Section 2.14. Sole Discretion means the right and power to decide a matter, which
right may be exercised arbitrarily at any time and from time to time.

     Section 2.15. Specified Employee means, for so long as any stock of the Company is
publicly traded on an established securities market or otherwise, each individual who is either (i)
an officer of the Company having annual compensation greater than $130,000 (as adjusted for
cost-of-living increases
in accordance with Code Section 416(i)(1)(A) and Code Section 415(d)), (ii) a 5% owner of the
Company, or (iii) a 1% owner of the Company having annual compensation from the Company of more
than $150,000. For purposes of determining an individual’s percentage ownership in the Company,
the constructive-ownership rules described in Code Section 416(i)(1)(B) will apply.

     The determination of whether an individual is a Specified Employee will be made by the
Committee in accordance with regulations issued under Code Section 409A and other available
guidance.

- 3 -

 

     Section 2.16. Termination For Cause means, with respect to a Participant, a Separation
from Service involving (i) gross negligence or willful misconduct in the exercise of a
Participant’s responsibilities; (ii) breach of fiduciary duty with respect to the Employer; (iii)
material breach of any provision of an employment contract; (iv) the commission of a felony crime
or crime involving moral turpitude; (v) theft, fraud, misappropriation, or embezzlement (or
suspicion of the same); (vi) willful violation of any federal, state, or local law (except traffic
violations and other similar matters not involving moral turpitude); or (vii) refusal to obey any
resolution or direction of the Participant’s supervisor or the Board of Directors. The Committee
shall determine, in its Sole Discretion, whether, for purposes of the Plan, a Participant has
incurred a Separation from Service that is a Termination for Cause.

ARTICLE III — PARTICIPATION

     Section 3.01. Participation.

	 	A.	 	Eligibility. The Committee shall have the unrestricted right and
power, which may be exercised in its Sole Discretion at any time and from time to
time, to designate Employees who are eligible to participate in this Plan. The
Committee also shall have the right, in its Sole Discretion, to terminate an
individual’s future participation in this Plan. If an individual’s participation in
this Plan is terminated, the Participant (or Beneficiary, in the event of death) shall
be entitled to receive the Participant’s Deferred Compensation Account balance at the
time and in the manner determined under Article V.
	 
	 	B.	 	Designation of a Specified Time. Each Employee who has been
designated as eligible to participate in the Plan may, within 30 days after first
becoming eligible to participate in the Plan, designate, in the form and manner
established by the Committee, a specified time to be used for purposes of applying the
terms and provisions of Section 5.03, which designation shall become a part of this
Plan. The time so designated must be more than one year after the date on which the
Committee receives the Participant’s written designation. A Participant’s designation
pursuant to this Section 3.01.B. shall be irrevocable once made; provided,
however, that, subject to the
provisions of Section 12.15 hereof, a Participant may make a written request to the
Committee to change the Participant’s designation hereunder to a later date, and
the Committee may, in its Sole Discretion, grant such request.
	 
	 	 	 	If a Participant fails to designate a specified time hereunder within 30 days after
first becoming eligible to participate in the Plan, benefits for such Participant
shall not commence under the Plan until the Participant incurs a Separation from
Service (or, in the case of a Specified Employee, 6 months after such Separation
from Service).

- 4 -

 

     Section 3.02. Salary Reduction Agreements. For each Plan Year (or portion of the Plan
Year after entry into the Plan), each Participant designated by the Committee as eligible to
participate in the salary-reduction feature of the Plan may elect to execute a salary-reduction
agreement in the form, time, and manner established by the Committee; provided,
however, that the Committee shall not prescribe a time later than 30 days after the date a
Participant is first designated as eligible to participate. To be effective, a salary-reduction
agreement must be entered into before the beginning of the Plan Year to which it relates, except
that, for the Plan Year in which a Participant is first designated as eligible to participate in
the Plan, a salary-reduction agreement may be effective for the then-current Plan Year, so long as
it is entered into within 30 days after the date the Participant is first designated as eligible to
participate in the Plan.

     An election by a Participant to reduce the Participant’s compensation shall only apply to
compensation attributable to services to be performed by the Participant after the date of such
election; provided, however, that in the case of an election to defer any
performance-based compensation payable with respect to services performed over a period of at least
12 months, such election must be made no later than 6 months before the end of such period.

     The terms of any such salary reduction agreement shall provide that the Participant agrees to
accept a reduction in compensation from the Employer. Except as otherwise provided herein, the
agreement shall be irrevocable by the Participant during the Plan Year and each subsequent Plan
Year, unless the Participant enters into a new agreement prior to the beginning of the Plan Year
for which the change is to be effective. All elections, including modifications and revocation,
shall be made upon such terms and conditions and at such time and in such manner as the Committee
may from time to time determine in its Sole Discretion. The agreement shall automatically
terminate upon the termination of this Plan, upon a Participant’s Separation from Service, or at
such time as the Committee determines the Participant is no longer eligible to participate in the
Plan.

ARTICLE IV — DEFERRED COMPENSATION ACCOUNT

     Section 4.01. Deferred Compensation Account. Contributions shall be credited to a
Participant’s Deferred Compensation Account in accordance with the following provisions:

	 	A.	 	Employee Contributions. The amount of compensation that a
Participant elects to defer under the Plan pursuant to a salary-reduction agreement
entered into in accordance with Section 3.02 hereof shall be credited to the
Participant’s Salary Reduction Account.
	 
	 	B.	 	Transferred Amounts. The amount of benefits with respect to a
Participant (if any) under the Supplemental Benefit Plan for Employees of The Boeing
Company the liability for which was assumed by Spirit AeroSystems, Inc. pursuant to
the Asset Purchase Agreement shall be credited to the Participant’s Supplemental
Benefit Account.

- 5 -

 

	 	C.	 	Employer Matching Contributions. For each Participant who enters
into a salary-reduction agreement, the Employer may contribute a matching contribution
to the Participant’s Employer Match Account in such amount and at such time as the
Employer may determine, in its Sole Discretion.
	 
	 	D.	 	Employer Discretionary Contributions. The Employer may contribute
amounts to a Participant’s Employer Discretionary Contribution Account at such times
and in such amounts as the Employer determines, in its Sole Discretion.

     To the extent the Employer is required to withhold any taxes or other amounts pursuant to any
federal, state, or local law, such amounts shall be taken out of the portion of the Participant’s
compensation which is not deferred under this Plan.

     Section 4.02. Increases and Decreases in Account. A Participant’s Deferred
Compensation Account shall be (i) increased or decreased (as appropriate) by an earnings factor,
(ii) decreased by any distribution from the Participant’s Deferred Compensation Account, (iii)
decreased by any costs, fees, or other expenses of the Plan (including, but not limited to, taxes)
allocable to the Participant’s Deferred Compensation Account, as determined by the Committee in its
Sole Discretion, and (iv) decreased by any amount that the Participant is not entitled to receive
pursuant to Sections 5.01, 6.01, 12.10, or 12.12. The earnings factor will equal an amount that
the Committee determines proper for each Participant in its Sole Discretion. The Committee may
elect, in its Sole Discretion, that the earnings factor for each Participant will equal the amount
that the Participant’s Deferred Compensation Account would have earned had it been invested in one
or more investment options designated by the Committee from time to time for such purpose. If the
Committee elects to establish investment options, Participants who are granted the option to direct
the investment of their Deferred
Compensation Accounts shall elect, at such time and in such manner as the Committee may from
time to time prescribe, the investment options used to determine the earnings factor applicable to
such Participant’s Deferred Compensation Account. Changes in such elections may be made at such
time and in such manner as the Committee may determine in its Sole Discretion. Subject to the
Committee’s right, in its Sole Discretion, to change, eliminate, modify, or alter investment
options under the Plan, any investment election shall be deemed to continue until revoked or
modified by the Participant. In the event a Participant fails or refuses to make an election among
the investment options established by the Committee, the Committee may designate a default
investment option and the Participant will be deemed to have elected to have earnings (if any)
credited to the Participant’s Deferred Compensation Account by reference to such investment option.
If the Committee determines that an investment option is no longer suitable, it may freeze
additional elections to have earnings credited by reference to such option and may select another
investment option. Alternatively, the Committee may delete the unsuitable investment option for
all existing and future elections and may direct that elections with respect to the unsuitable
option be transferred to a new option.

- 6 -

 

     Section 4.03. Statement of Account. The Committee shall make available to each
Participant, at least annually, a statement setting forth the balance to the credit of each
Participant in his or her Deferred Compensation Account.

ARTICLE V — BENEFITS

     Section 5.01. General. Subject to Section 6.01, each Participant (or if the
Participant is deceased, the Participant’s Beneficiary) shall be entitled to receive, at the time
and in the manner set forth in Section 5.03, the sum of: (i) the amount credited to the
Participant’s Salary Reduction Account, (ii) the amount credited to the Participant’s Supplemental
Benefit Account, (iii) the amount credited to the Participant’s Employer Match Account, and (iv)
the amount credited to the Participant’s Employer Discretionary Contribution Account, less all of
the following: (i) all amounts sufficient to satisfy all federal, state, and local withholding
requirements, (ii) any reduction required by reason of failure to satisfy any condition set forth
in Section 6.01, and (iii) any reduction required by Section 12.10.

     Section 5.02. Beneficiary Designations. In the event a Participant dies before
receiving payment of all amounts payable to Participant under the Plan, payment of the remaining
amounts shall be made to the Participant’s Beneficiary. The Beneficiary of a Participant shall be
the person, persons, entity, or entities designated by the Participant on a beneficiary designation
form provided by the Committee. A Participant shall have the right to change the Participant’s
Beneficiary designation at any time; provided, however, that no change of a
Beneficiary shall be effective until received and accepted by the Committee. In the event a
Participant dies without having a Beneficiary designation in force, or in the event no Beneficiary
is alive or in being at the time of the Participant’s death, all payments due hereunder shall be
made to
Participant’s surviving spouse or, if the Participant leaves no surviving spouse, to the
Participant’s estate.

     If the Committee has any doubt as to the proper Beneficiary to receive payments hereunder, it
shall have the right to withhold payment until the matter is finally adjudicated. Any payment made
in good faith and in accordance with the provisions of the Plan and a Participant’s Beneficiary
designation form shall fully discharge the Company (and all Affiliated Companies), the Committee,
and all other persons from all further obligations with respect to such payment.

     Section 5.03. Payment. A Participant (or Beneficiary, in the event of death) shall be
entitled to receive payment hereunder upon the earliest to occur of the following: (i) remaining
employed by the Employer to the specified time designated by the Participant in accordance with
Section 3.01.B. (if any); or (ii) Separation from Service, except that, in the case of any
Specified Employee, any amount otherwise payable hereunder upon Separation from Service will not be
paid (or commence to be paid) until the date that is 6 months after the Participant’s Separation
from Service.

- 7 -

 

     Payment of the portion of the Participant’s Deferred Compensation Account that the Participant
is entitled to receive hereunder shall be made in a lump sum or in not more than 15 annual
installment payments, as elected by the Participant, with payment commencing as soon as
administratively practicable after the Participant becomes entitled to receive such payment;
provided, however, that, except in the case of a Specified Employee who incurs a
Separation from Service, in no event will payment be made (or commence to be made) later than (i)
the end of the calendar year in which the Participant becomes entitled to receive payment, or (ii)
if later, the 15th day of the third calendar month after the Participant becomes entitled to
receive payment.

     No election to receive installment payments shall be valid unless such election is made within
30 days after the Employee is first designated as a Participant by the Committee. A Participant
who fails to make a timely election to receive installment payments will be deemed to have elected
to receive payment in one lump sum payment. Subject to the provisions of Section 12.15 hereof, a
Participant may make a written request to the Committee to change a payment election (or deemed
election) previously made and elect to receive payment in a different form (not to exceed fifteen
(15) annual installment payments), and the Committee may, in its Sole Discretion, grant such
request.

     In the case of payment of the Participant’s Deferred Compensation Account in installment
payments, the earnings factor (as determined by the Committee in its Sole Discretion pursuant to
Section 4.03) will be applied to the portion of Participant’s Deferred Compensation Account
remaining to be paid to the Participant.

     All elections under this Section 5.03 shall be made upon such form or forms and in such manner
as the Committee may from time to time establish.

ARTICLE VI — CONDITIONS PRECEDENT

     Section 6.01. Conditions Precedent. As a condition precedent to the receipt of
amounts credited to a Participant’s Employer Match Account and/or Employer Discretionary
Contribution Account (if any) and in consideration of the Employer’s agreement to pay such benefits
to the Participant, each Participant agrees that the following conditions precedent shall apply and
that such conditions are reasonable and necessary for the goodwill and business of the Employer.
No amount credited to a Participant’s Employer Match Account and/or Employer Discretionary
Contribution Account (if any) shall be deemed earned unless and until the following conditions have
been fully satisfied.

	A.	 	The Participant covenants and agrees that at all times during the
Participant’s employment and while the Participant is receiving payment of amounts
credited to the Participant’s Employer Match Account and/or Employer Discretionary
Contribution Account hereunder, the Participant will not, without the prior written
consent of the Company, directly or indirectly own, manage, operate, control, be
employed by, invest in (excluding any passive investment in a publicly traded entity
of 5% or less), advise, consult with, or

- 8 -

 

	 	 	 	in any way be connected with the ownership,
management, operation, or control of any business engaged, in whole or in part, in any
business competitive with any type of business engaged in by the Employer.
	 
	 	B.	 	The Participant covenants and agrees that at all times during the
Participant’s employment and while the Participant is receiving payment of amounts
credited to the Participant’s Employer Match Account and/or Employer Discretionary
Contribution Account hereunder, the Participant will not, without the prior written
consent of the Company, (i) directly or indirectly induce customers or business
affiliates (the “Customer”) of the Employer to patronize any business competitive to
that of the Employer; (ii) directly or indirectly induce or solicit any employee of
the Employer to terminate employment; (iii) canvas, solicit or accept any similar
business from any Customer of the Employer; (iv) directly or indirectly request or
advise any Customer of the Employer to withdraw, curtail or cancel such Customer’s
business with the Employer; or (v) directly or indirectly disclose to any other
person, firm or corporation the names and addresses of the Customers of the Employer.
	 
	 	C.	 	The Participant acknowledges that as a key member of management or highly
compensated key employee he has or will acquire valuable and confidential skills,
information, trade secrets and relationships with respect to and on behalf of the
Employer (sometimes hereinafter referred to as “confidential information”). As a
consequence of the foregoing, the Participant occupies a position of trust and
confidence. In view of the foregoing and in consideration of the amounts to be paid
to the Participant from the
Participant’s Employer Match Account and/or Employer Discretionary Contribution
Account hereunder, the Participant agrees that the Participant will not reveal any
of the confidential information to any person who is not an employee or agent of
the Employer, except as necessary in the ordinary course of the Employer’s business
or as required by law. Each Participant acknowledges that the Employer will suffer
irreparable injury if the Participant discloses any confidential information.
	 
	 	D.	 	The Participant represents, acknowledges and agrees that the restrictions set
forth herein are reasonable in all respects and waives objection to each and every
restriction set forth above and covenants not to institute any suit or proceeding or
otherwise advance any position to the contrary. In the event of a breach or
threatened breach of the terms of this Section, any amounts credited to the
Participant’s Employer Match Account and Employer Discretionary Contribution Account
shall not be paid, and the Participant (and his Beneficiary) shall not be entitled to
any further benefits from such accounts under this Plan. The foregoing shall be in
addition to any other remedy the Employer may have for breach of the provisions of
this Section or any other agreement, and nothing herein contained shall prohibit the
Employer from pursuing any remedies available to it at law or in equity.

- 9 -

 

	 	E.	 	If a Participant incurs a Separation from Service that is a Termination For
Cause, no amounts credited to the Participant’s Employer Match Account and Employer
Discretionary Contribution Account shall be payable hereunder. In the event a
Participant (or the Participant’s Beneficiary) has received any payment of amounts
credited to the Participant’s Employer Match Account or Employer Discretionary
Contribution Account and the Committee determines, in its Sole Discretion, that the
Participant’s employment could have been terminated in a Termination For Cause had
sufficient information been available at the time Participant terminated employment,
no further payments of such amounts shall be made hereunder, and the Participant (or
Participant’s Beneficiary) shall, within five business days of demand by the Company,
pay to the Company an amount equal to the amount of all such payments received under
the Plan. The determination of whether Participant has incurred a Separation from
Service that is a Termination For Cause (or could have been terminated in a
Termination For Cause had sufficient information been available) shall be determined
by the Committee in its Sole Discretion.
	 
	 	F.	 	The determination of whether a Participant has violated the terms of this
Section 6.01 shall be determined by the Committee in its Sole Discretion, and the
conditions set forth in this Section 6.01 shall survive termination of the Plan for
any reason. Each Participant expressly agrees that the provisions of this Section
6.01 shall be applied without regard to whether the Participant’s employment is
voluntarily or involuntarily terminated.

ARTICLE VII — SOURCE OF BENEFITS

     Section 7.01. Source of Benefits. Amounts payable hereunder shall be paid exclusively
from the general assets of the Employer. The Employer’s obligation under this Plan shall
constitute a mere promise to pay benefits in the future, and no person entitled to payment
hereunder shall have any claim, right, security interest, or other interest in any fund, trust,
account, insurance contract, or other asset of Employer. The Employer is not obligated to invest
in any specific assets or fund, but it may invest in any asset or assets it deems advisable in
order to provide a means for the payment of any liabilities under this Plan and may contribute
amounts to a trust conforming to the requirements of Revenue Procedure 92-64, as amended. Each
Participant shall be an unsecured general creditor of the Employer and shall have no interest
whatsoever in any such assets or fund. The Employer’s liability for the payment of benefits
hereunder shall be evidenced only by this Plan.

     Section 7.02. Multiple Employers. In the event a Participant is or has been employed
by two or more Employers and is entitled to a benefit from more than one Employer under this Plan,
the liability for the payment of such Participant’s benefits under this Plan shall be apportioned
among the Employers based upon a determination made by the

- 10 -

 

Committee in its Sole Discretion. A
Participant may only secure payment of benefits from the Employer to whom the Committee has
apportioned liability for the benefits.

ARTICLE VIII — ADMINISTRATION

     Section 8.01. Committee. The Committee shall have full power to administer this Plan
in all of its details, which powers shall include, but are not limited to, the authority, in
addition to all other powers provided by this Plan, to:

	 	A.	 	Determine in its Sole Discretion the eligibility of any individual to
participate in the Plan;
	 
	 	B.	 	Make discretionary interpretations regarding the terms of the Plan and make
factual findings with respect to any issue arising under the Plan, including, but not
limited to, the power to determine whether an individual is eligible to participate in
the Plan or receive benefits under the Plan and whether an individual has incurred a
Separation from Service, with its interpretation to be final and conclusive;
	 
	 	C.	 	Compute the amounts payable for any Participant or other person in accordance
with the provisions of the Plan, determine the manner and time
for making such payments in accordance with the provisions of the Plan, and
determine and authorize the person or persons to whom such payments will be paid;
	 
	 	D.	 	Receive and review claims for benefits and render decisions respecting such
claims under the Plan;
	 
	 	E.	 	Make and enforce such rules and regulations as it deems necessary or proper
for the efficient administration of this Plan;
	 
	 	F.	 	Appoint such agents, specialists, legal counsel, accountants, consultants, or
other persons as the Committee deems advisable to assist in administering the Plan;
and
	 
	 	G.	 	Maintain all records of the Plan.

     Section 8.02. Reliance on Certificates, etc. The members of the Committee, the Board
of Directors, and the officers and employees of the Company shall be entitled to rely on all
certificates and reports made by any duly appointed accountants and on all opinions given by any
duly appointed legal counsel. Such legal counsel may be counsel for the Employer.

- 11 -

 

ARTICLE IX — AMENDMENT AND TERMINATION

     Section 9.01. Amendment. The Board of Directors reserves the right, at will, at any
time and from time to time, to modify, alter, or amend this Plan (including without limitation a
retroactive modification, alteration, or amendment), in whole or in part, and any such
modification, alteration, or amendment shall be binding upon the Company, the Committee, each
Participant, any adopting Employer, and all other persons; provided, however, that
no amendment will reduce the amount of the benefit that a Participant is then entitled to receive
(the same as if the Participant had incurred a Separation from Service as of such date) without the
Participant’s (or present-interest Beneficiary’s) written consent. Notwithstanding the foregoing,
no consent shall be required and the Board of Directors shall have the right to modify, alter, or
amend this Plan (including a retroactive modification, alteration ,or amendment), at will and at
any time, if it determines, in its Sole Discretion, that such amendment is necessary to comply with
applicable law, which shall include, but shall not be limited to, the right to retroactively apply
any amendments necessary to keep this Plan an unfunded employee benefit plan described in Sections
201(2), 301(a)(3), and 401(a)(1) of ERISA or to comply with Section 409A of the Code or any other
applicable provision of the Code or ERISA or any judicial or administrative guidance.

     Section 9.02. Termination. The Company has established this Plan with the bona fide
intention and expectation that it will be
continued indefinitely, but the Company will have no obligation whatsoever to maintain this
Plan for any given length of time and may, at will and at any time, discontinue or terminate this
Plan in whole or in part. In addition, an adopting Employer shall have the right to discontinue or
terminate its participation in this Plan as to its Employees. Upon a complete or partial
termination of the Plan, each affected Participant (and present interest Beneficiary) shall be
given notice of the termination and shall be entitled to receive benefits in accordance with
Article V.

ARTICLE X — RESTRICTIONS ON ALIENATION

     Section 10.01. Restrictions on Alienation. Until the actual receipt of any benefit
under this Plan by a Participant or Beneficiary, no right or benefit under the Plan shall be
subject in any manner to anticipation, alienation, sale, assignment, transfer, pledge, encumbrance,
garnishment, execution, levy, or charge of any kind, whether voluntary or involuntary, including
assignment or transfer to satisfy any liability for alimony or other payments for property
settlement or support of a spouse or former spouse or other relative of a Participant or
Beneficiary, whether upon divorce, legal separation, or otherwise. Any attempt to anticipate,
alienate, sell, assign, transfer, pledge, encumber, garnish, execute upon, levy upon, or charge any
right or benefit under the Plan shall be void. No right or benefit hereunder shall in any manner
be liable for or subject to the debts, contracts, liabilities, engagements, or torts of the person
entitled to such benefit, and no right or benefit hereunder shall be considered an asset of such
person in the event of his or her divorce, insolvency, or bankruptcy. The rights of a Participant
or a Beneficiary hereunder shall not be subject in any manner to attachment or other legal process
for the debts of the Participant or such Beneficiary.

- 12 -

 

ARTICLE XI — CLAIMS PROCEDURES

     Section 11.01. Claims. Benefit claim determinations arising under this Plan shall be
made in accordance with the provisions of this Article and procedures established by the Committee.
These claim procedures are designed to establish reasonable processes and safeguards to ensure
that benefit claim determinations are made in accordance with the provisions thereof. All claims
for or relating to benefits, whether made by a Participant or other person, shall be made in a
writing addressed and delivered to the Committee at the Committee’s main office, and such claim
shall contain the claimant’s name, mailing address, and telephone number, if any, and shall
identify the claim in a manner reasonably calculated to make the claim understandable to the
Committee.

     Section 11.02. Claims Review. If a claim is wholly or partially denied, the Committee
shall, within a reasonable period of time not to exceed 90 days, notify the claimant in writing of
any adverse benefit determination, unless the Committee determines that special circumstances
require an extension of time for
processing the claim. If the Committee determines that an extension of time for processing
the claim is necessary, written notice of the same shall be provided to the claimant prior to the
expiration of the 90-day period and shall indicate the special circumstances which require the
extension of time and the date by which the Committee expects to render the determination. The
extension of time shall not exceed a 90-day period of time, beginning at the end of the initial
90-day period. The Committee’s notice shall be written in a manner calculated to be understood by
the claimant and shall set forth:

	 	A.	 	The specific reason or reasons for the denial;
	 
	 	B.	 	Specific reference to pertinent Plan provisions on which the denial is based;
	 
	 	C.	 	A description of any additional material or information necessary for the
claimant to perfect the claim, together with an explanation of why such material or
information is necessary; and
	 
	 	D.	 	An explanation of the claim review procedure set forth in Sections 11.03 and
11.04 below (including a statement of the claimant’s right to bring a civil action
under ERISA Section 502(a) following an adverse benefit determination).

     Section 11.03. Appeal of Claim Denial. A claimant or the claimant’s duly authorized
representative shall have 60 days within which to appeal an adverse benefit determination to the
Committee. During the pendency of the review, the following provisions shall apply:

	 	A.	 	The claimant shall have the opportunity to submit written comments,
documents, records, and other information relating to the claim to the Committee; and

- 13 -

 

	 	B.	 	The claimant shall be provided, upon request and free of charge, reasonable
access to and copies of, all documents, records, and other relevant information
relating to the claim for benefits.

     Section 11.04. Review on Appeal. A decision on review shall be rendered within a
reasonable period of time, not to exceed 60 days after the claimant’s request for review, unless
the Committee determines that special circumstances require an extension of time for processing the
appeal. If the Committee determines that an extension of time for processing the appeal is
necessary, written notice of the extension shall be furnished to the claimant prior to the
expiration of the 60-day period and shall indicate the special circumstances requiring the
extension and the date by which the Committee expects to render the determination. The extension
of time shall not exceed a 60-day period of time beginning at the end of the initial 60-day period.
The Committee’s decision on review shall be communicated in writing to the claimant and, if
adverse, shall take into account all comments, documents, records, and other information submitted
by the claimant (without regard to whether such information was submitted or considered in the
initial benefit determination). The decision on review shall be written in a manner
calculated to be understood by the claimant and shall set forth the following:

	 	A.	 	The specific reason or reasons for the adverse determination;
	 
	 	B.	 	Specific reference to pertinent plan provisions on which the benefit
determination is based; and
	 
	 	C.	 	A statement that the claimant is entitled to receive, upon request and free
of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant’s claim for benefits; and
	 
	 	D.	 	A statement of the claimant’s right to bring an action under ERISA Section
502(a).

     Section 11.05. Litigation of Claim. Prior to initiating legal action concerning a
claim in any court, state or federal, against the Plan, any trust used in conjunction with the
Plan, the Employer, the Company, or the Committee, a claimant must first exhaust the administrative
remedies provided in this Article XI. Failure to exhaust the administrative remedies provided for
in this Article XI shall be a bar to any civil action concerning a claim for benefits under the
Plan.

ARTICLE XII — MISCELLANEOUS

     Section 12.01. Effective Date. This restated Plan document shall be effective from
and after the date of its adoption by the Board of Directors.

- 14 -

 

     Section 12.02. No Guarantee of Interests. Neither the Employer, Committee, nor Board
of Directors (nor any of their members) may guarantee the payment of any amounts which may be or
becomes due to any person or entity under this Plan. The liability to make any payment under this
Plan is limited to the then available assets of the Employer.

     Section 12.03. Payments Net of Withholding. Notwithstanding any other provision of
the Plan, all payments shall be net of any amount sufficient to satisfy all federal, state, and
local withholding tax requirements.

     Section 12.04. Binding on Successors. This Plan shall be binding upon all
Participants, their respective heirs, and personal representatives and upon the Employer, its
successors, and assigns.

     Section 12.05. Adoption by Other Employers. Any employer, corporation or other entity
with employees now in existence or hereafter formed or acquired, which is not already an Employer
under this Plan, and which is otherwise legally eligible, may in the future, with the consent and
approval of the Company, adopt this Plan, and thereby, from and after the specified effective date,
become an Employer under this Plan. However, the sole and absolute right to amend the Plan is
reserved to the Company. It shall not be necessary for the adopting corporation or entity to sign
or execute the original or the amended Plan documents. The administrative powers and control of
the Company as provided in the Plan, including the sole right of amendment and of appointment and
removal of the Committee, shall not be diminished by reason of the participation of any such
adopting entity in this Plan.

     Section 12.06. Minors and Incompetents. If any person to whom a benefit is payable
under this Plan is legally incompetent, either by reason of age or by reason of mental or physical
disability, the Committee is authorized to cause the payments becoming due to such person to be
made to another for his or her benefit without responsibility of the Company, the Employer, the
Committee or the Board of Directors to see to the application of such payments. Payments made
pursuant to this authority shall constitute a complete discharge of all obligations hereunder.

     Section 12.07. Erroneous Payments. If any person receives any amount of benefits that
the Committee in its Sole Discretion later determines that such person was not entitled to receive
under the terms of the Plan, such person shall be required to immediately make reimbursement to the
Employer.

     Section 12.08. Headings. The headings used in this Plan are inserted for reference
purposes only and shall not be deemed to limit or affect in any way the meaning or interpretation
of any of the terms or provisions herein.

     Section 12.09. Notices. Any notices or communications permitted or required to be
given herein by any Participant, the Company, the Committee, the Employer, or any other person
shall be deemed given either (i) when delivered, or (ii) three days after being placed

- 15 -

 

in the
United States mail in an envelope addressed to the last communicated address of the person to whom
the notice is being given, with adequate postage thereon prepaid.

     Section 12.10. Severability. If any provision of Section 6.01 is held invalid or
unenforceable with respect to one or more Participants, the Employer Match Account and Employer
Discretionary Contribution Account established for such Participants shall immediately be reduced
to zero. If any provision of this Plan shall be held invalid or unenforceable, such invalidity or
unenforceability shall not affect any other provisions thereof, and the Plan shall be construed and
enforced as if such provisions had not been included.

     Section 12.11. No Contract of Employment. Nothing contained herein shall be construed
to constitute a contract of employment between any employee and any employer. Nothing herein
contained shall be deemed to give any employee the right to be retained in the employ of an
employer or to interfere with the right of the employer to discharge any employee at any time
without regard to the effect such discharge might have on the employee as a Participant under this
Plan.

     Section 12.12. Certain Limitations. In the event the Employer is subject to legal
limitations on the payment of benefits, then benefit payments hereunder shall be reduced or
eliminated, as the case may be, to comply with such legal limitations.

     Section 12.13. Governing Law. It is the Company’s intention that the Plan comply with
and satisfy the applicable provisions of the Code and ERISA, including, but not limited to, Section
409A of the Code, and, consistent with such provisions of the laws of the United States of America
and in all other respects, the Plan and all agreements entered into under the Plan shall be
governed, construed, administered, and regulated in accordance with the laws of the State of
Delaware, without regard to the principles of conflicts of law, to the extent such laws are not
preempted by the laws of the United States of America. Any action concerning the Plan or any
agreement entered into under the Plan shall be maintained exclusively in the state or federal
courts in Delaware.

     Section 12.14. Nonexclusivity of the Plan. The adoption of the Plan by the Board of
Directors shall not be construed as creating any limitations on the power of the Board of Directors
to adopt such other incentive arrangements as it may deem desirable.

     Section 12.15. Changes in Time or Form of Distribution. Notwithstanding any other
provision of the Plan, any subsequent election by a Participant under the Plan that has the effect
of delaying the time or changing the form of any distribution or payment under the Plan shall
satisfy the following requirements:

	 	A.	 	Such election shall not take effect until at least 12 months after the date
on which the election is made;
	 
	 	B.	 	In the case of an election related to distribution or payment on account of
Separation from Service or reaching a specified time, the first payment with

- 16 -

 

	 	 	 	respect
to which the election is made must be deferred for a period of not less than 5 years
from the date such payment otherwise would have been made; and
	 
	 	C.	 	In the case of an election related to a distribution or payment on account of
reaching a specified time, the election shall not be made less than 12 months
before the date of the first scheduled payment with respect to such distribution.

     Section 12.16. No Acceleration. Except as otherwise permitted by law, the time or
schedule of any payment of benefits under this Plan will not be accelerated, and no interpretation,
modification, alteration, amendment, or complete or partial termination of the Plan or any
provision of the Plan shall cause or permit acceleration of the time or schedule of any payment
under the Plan.

     IN WITNESS WHEREOF, the Company has caused this Plan to be executed as of the date first set
forth above.

	 	 	 	 	 
	 	SPIRIT AEROSYSTEMS HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

- 17 -

 

AMENDMENT TO THE SPIRIT AEROSYSTEMS

HOLDINGS, INC. AMENDED AND RESTATED

DEFERRED COMPENSATION PLAN

     THIS AMENDMENT is made this ___ day of _________, 2011, by Spirit AeroSystems Holdings, Inc.
(the “Company”) to the Spirit AeroSystems Holdings, Inc. Amended and Restated Deferred Compensation
Plan (the “Plan”).

     WHEREAS, the Company wishes to amend the Plan to permit cash-out payments of small account
balances, as permitted under Treas. Reg. § 1.409A-3(j)(4)(v); and

     WHEREAS, the board of directors of the Company has approved amendment of the Plan on the terms
and provisions set forth in this Amendment.

     NOW, THEREFORE, the Plan is hereby amended as follows:

     (1) A new Section 5.04 is added to the Plan, to read as follows:

     Section 5.04. Small Amounts. Notwithstanding any other provision of
the Plan, if the balance in a Participant’s Deferred Compensation Account (exclusive
of any earnings not yet accrued) is equal to or less than the dollar amount then in
effect under Code Section 402(g)(1)(B) (currently $16,500), the entire remaining
balance in the Participant’s Deferred Compensation Account may, in the Committee’s
Sole Discretion, be paid to the Participant (or the Participant’s Beneficiary) in a
single lump-sum payment (a “Cash-Out Payment”), so long as the Participant’s entire
interest in the Plan, and all similar plans of the Employer that are aggregated with
the Plan under Code Section 409A, is terminated at the time the Cash-Out Payment is
made. The exercise of the Committee’s discretion to make a Cash-Out Payment under
this Section of the Plan must be evidenced in writing. No Participant (or
Beneficiary) will have the ability, directly or indirectly, to elect whether to
receive a Cash-Out Payment.

     (2) Capitalized terms not specifically defined in this Amendment have the meanings set forth
in the Plan.

     (3) The remaining provisions of the Plan will continue in full force and effect.

     IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by a
duly authorized individual as of the date first set forth above.

	 	 	 	 	 
	 	SPIRIT AEROSYSTEMS HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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