Document:

Filed by Bowne Pure Compliance

Exhibit 10.5

AMENDMENT NUMBER 6

TO THE

GOODRICH CORPORATION SEVERANCE PROGRAM

THIS AMENDMENT is made this 9th day of December, 2008, by Goodrich Corporation (hereinafter
referred to as the “Company”) as authorized by the Board of Directors of Goodrich Corporation;

W I T N E S S E T H

WHEREAS, the Company maintains the Goodrich Corporation Severance Program, as amended and
restated, effective February 21, 2006 (hereinafter referred to as the “Plan”); and

WHEREAS, pursuant to Section 10 of the Plan, the Company has retained the right to amend the
Plan from time to time.

NOW, THEREFORE, the Company hereby amends the Plan as follows:

I.

Effective December 9, 2008, Sections 2(f) through (n) shall be re-lettered as Sections 2(g)
through (o), respectively.

II.

Effective December 9, 2008, Section 2(f) shall be added as a clarifying definition to read as
follows:

	 	(f)	 	“Committee” means the Goodrich Corporation Severance Program Appeal Committee
appointed by the Plan Administrator.

III.

Effective February 21, 2006, the fourth sentence of the first paragraph of Section 5 of the
Plan is hereby deleted and the following inserted in lieu thereof:

If an Eligible Employee is subject to a restrictive covenant, the Company shall pay
the cash payments of Plan Benefits to the Eligible Employee in installments over
the lesser of (a) the period for which the restrictive covenant applies or (b) the
two year period commencing immediately following the Qualifying Termination.

 

 

 

IV.

Effective January 1, 2005, the first paragraph of Section 5 of the Plan is hereby amended by
adding the following to the end thereto:

In addition, and notwithstanding the above to the contrary, if an Eligible Employee
is a “specified employee” (as such term is defined in Section 409A(a)(2)(B)(i) of
the Internal Revenue Code of 1986, as amended (the “Code”)) and the Plan is subject
to Section 409A of the Code, the Eligible Employee’s distribution may not be made
before the date which is six (6) months after the date of separation from service
(or, if earlier, the date of the Eligible Employee’s death).

V.

Effective January 1, 2005, the phrase “of the Internal Revenue Code of 1986, as amended (the
“Code”)” in first sentence of Section 6(a) of the Plan is hereby deleted and the phrase “the Code”
is inserted in lieu thereof.

VI.

Effective December 9, 2008, Sections 9(b) and (c) are hereby deleted and the following
inserted in lieu thereof:

	 	(b)	 	Claims Procedure. Claims for benefits under the Plan shall be filed
with the Plan Administrator in writing. A written claim for benefits should state the
reasons why the claim for benefits should be granted. If a claim for benefits under
the Plan is denied in whole or in part by the Plan Administrator, the claimant shall
be notified in writing within 90 days after the receipt of the claim by the Plan
Administrator, unless the Plan Administrator determines that special circumstances
require an extension of time for processing the claim. If the Plan Administrator
determines than an extension is necessary, written notice of the extension shall be
furnished to the claimant prior to the end of the initial 90-day period. In no event
shall such extension exceed a period of 90 days from the end of the initial 90-day
period. The extension notice shall indicate the special circumstances requiring an
extension of time and the date by which the Plan Administrator expects to render the
benefit determination.

If the claimant wishes further consideration of his claim, he or his authorized
representative may request a review of his claim by filing a written request for a
review of the claim with the Committee within 60 days after the receipt of the denial
(or, if no written denial is received, within 60 days of the date when the denial was
due). The claimant may submit written comments, documents, records, and other
information relating to the claim for benefits. The claimant or his authorized
representative will be provided, upon request and free of charge, reasonable access to,
and copies of, all non-privileged documents, records, and
other information relevant to the claimant’s claim for benefits. The review shall take
into account the comments, documents, records, and other information submitted by the
claimant relating to the claim, without regard to whether such information was
submitted or considered in the initial benefit determination.

 

2

 

The Committee shall provide the claimant with a written notice of its decision on
review within 60 days after the Committee’s receipt of the claimant’s written claim for
review, unless the Committee determines that special circumstances require an extension
of time for processing the claim. If the Committee determines than an extension is
necessary, written notice of the extension shall be furnished to the claimant prior to
the end of the initial 60-day period. In no event shall such extension exceed a period
of 60 days from the end of the initial 60-day period. The extension notice shall
indicate the special circumstances requiring an extension of time and the date by which
the Committee expects to render its determination on review. If a final decision on
review is not furnished to the claimant within the required time, the claim shall be
deemed to be denied on review.

If the claimant’s claim is denied in whole or in part either on the initial claim or on
review, the Plan Administrator or the Committee shall provide the claimant with a
written notice of the denial containing the following information:

	 	•	 	The specific reasons for such denial;

	 	•	 	The pertinent Plan provisions on which the denial is based;

	 	•	 	In the case of the denial of an initial claim, a description of any
additional material or information necessary for the claimant to perfect his
claim and the reasons why such material or information is needed;

	 	•	 	In the case of a denial of an initial claim, an explanation of the Plan’s
appeal procedures and the time limits applicable to such procedures;

	 	•	 	In the case of a denial on review, 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 claim;
and

	 	•	 	A statement that the claimant has the right to bring a civil action under
ERISA Section 502(a) following denial on review.

A claimant must follow these claims procedures before seeking any other legal recourse
with respect to benefits under the Plan.

The Plan Administrator and the Committee shall have sole and absolute discretion over
claims and appeals issues and determinations, regardless of the timing of such
determinations or exercise of discretion in making such determinations.

 

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	 	(c)	 	Delivery of Notices. For the purposes of the Plan, all claims and
other communications sent by the Plan Administrator, the Committee or an employee
shall be in writing and either hand delivered or delivered by United States registered
or certified mail, return receipt requested, postage prepaid, or by reputable courier
service addressed to the respective addresses set forth below or to such other address
as either party may have furnished to the other in writing. Notice of change of
address shall be effective only upon receipt. Notices sent to the Plan Administrator
and the Committee by an employee shall be sent to:

Goodrich Corporation

Four Coliseum Centre

2730 West Tyvola Road

Charlotte, North Carolina 28217-4578

Attention: Vice President, Associate General Counsel & Secretary

and notices and other communications sent to an employee shall be sent to the home
address of the employee.

VII.

Effective January 1, 2005, Section 12A, 409A Compliance, shall be added to the Plan after
Section 12 and shall read as follows:

	12A.   	 
	409A COMPLIANCE. Notwithstanding any other provisions of the Plan herein to the
contrary and, to the extent applicable, the Plan shall be interpreted, construed and
administered (including with respect to any amendment, modification or termination of the
Plan) in such manner so as to comply with the provisions of Section 409A of the Code and any
related Internal Revenue Service guidance promulgated thereunder.

IN WITNESS WHEREOF, the Company, by its duly authorized officer, has caused this Amendment to
be executed as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	GOODRICH CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

 

4Filed by Bowne Pure Compliance

Exhibit 10.6

AMENDMENT NUMBER FOUR

TO THE GOODRICH CORPORATION OUTSIDE DIRECTOR

PHANTOM SHARE PLAN

(Approved By the Board of Directors on December 9, 2008)

THIS AMENDMENT is made this
 _____ 
day of
 _____, 2008, by Goodrich Corporation
(hereinafter referred to as the “Company”);

WITNESSETH

WHEREAS, the Company maintains the Goodrich Corporation Outside Director Phantom Share Plan,
as approved by the Board of Directors on December 7, 2004 (hereinafter referred to as the “Plan”);
and

WHEREAS, pursuant to Paragraph 7 of the Plan, the Board of Directors of the Company has
maintained the right to amend the Plan from time to time; and

WHEREAS, the Board of Directors of the Company has taken action authorizing this Amendment to
the Plan; and

NOW, THEREFORE, effective July 1, 2005, the Plan is hereby amended as follows:

	 	1.	 	Paragraph 6(e) of the Plan is hereby deleted and the following inserted in
lieu thereof:

(e) Payment Options. Prior to the first day of each Plan Year, each
Participant shall be given the opportunity to elect one of the following
payment options with respect to Phantom Share Awards earned in such Plan
Year: (i) single payment, (ii) five (5) annual installments or (iii) ten
(10) annual installments. The election shall be made in writing on a form
provided by the Plan Administrator and must be returned to the Plan
Administrator before the date specified by the Plan Administrator, which
date shall be before the commencement of the applicable Plan Year. The
election, once made, is irrevocable. Such election shall be effective
with respect to all Phantom Share Awards earned in such Plan Year,
including any adjustments to such award amounts pursuant to paragraph 6(d)
above. If a Participant fails to duly elect a payment option for a Plan
Year, the method of payment shall be the single payment. No additional
payment option elections may be submitted.

 

 

 

	 	2.	 	Paragraph 6(g) of the Plan is hereby deleted and the following inserted in
lieu thereof:

(g) Annual Installments. If a Participant to whom the annual installments
method applies terminates service with the Company as a member of the
Board, the amount of such annual installments shall be calculated and paid
pursuant to the provisions of this paragraph 6(g). The Participant’s
Accounts for which the annual installments method applies shall continue
to be credited with adjustments under paragraph 6(d) until the Accounts
are fully paid out. The first installment shall be paid in January (but
in any event by January 31) of the calendar year immediately following the
calendar year in which such termination of services occurred, and each
subsequent installment shall be paid in January (but in any event by
January 31) of each subsequent calendar year. In the event of the
Participant’s death, any remaining installments shall be paid to the
Participant’s designated beneficiary at the same time as such payments
would have been paid to the Participant. Each payment from an Account
shall be made in cash and be equal to (x) the sum of the Participant’s
balance in such Account as of December 31 of the calendar year immediately
preceding the calendar year of payment, multiplied by (y) a fraction, the
numerator of which is one and the denominator is the number of
installments remaining, including the current year’s payment. For
purposes of the preceding sentence, the balance of an Account shall be
equal to the number of Phantom Shares in the account as of such December
31 multiplied by the Fair Market Value of the Common Stock on such date.

IN WITNESS WHEREOF, the Company, by its duly authorized officer, has caused this Amendment to
be executed as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	GOODRICH CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

 

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