Document:

EX-10.5

 

Exhibit 10.5

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (“Agreement”), effective as of the 30th day of December, 2005 (the
“Effective Date”), is by and between SPIRIT AEROSYSTMES, INC., a Delaware corporation (the
“Company”), and JANET S. NICOLSON (“Employee”).

Recitals

     WHEREAS, the Company is engaged in the manufacture, fabrication, maintenance, repair,
overhaul, and modification of aircraft and aircraft components and markets and sells its services
and products to its customers throughout the world (the “Business”); and

     WHEREAS, the Company desires to hire Employee as its Senior Vice President of Human Resources
and to perform such other services as the Company may direct; and

     WHEREAS, in the course of performing Employee’s duties for the Company, Employee is likely to
gain certain confidential and proprietary information belonging to the Company, develop
relationships that are vital to the Company’s goodwill, and acquire other important benefits to
which the Company has a protectable interest; and

     WHEREAS, the Company has agreed to hire Employee and Employee has agreed to accept such
employment by the Company upon the terms, conditions, and restrictions contained in this Agreement.

Agreement

     NOW THEREFORE, in consideration of the foregoing, and the representations, warranties, and
covenants hereinafter, the parties hereto agree as follows:

Section 1. Employment. In reliance on the representations and warranties made herein, the
Company hereby hires Employee to be its Senior Vice President of Human Resources, reporting to the
Company’s Chief Executive Officer, and to perform such duties and services in and about the
business of the Company as may from time to time be assigned to Employee. The job title and duties
referred to in the preceding sentence may be changed by the Company in the Company’s sole
discretion at any time. Employee shall devote Employee’s full time to this employment. Employee’s
employment hereunder shall commence on the Effective Date and shall continue until termination of
the Agreement in accordance with its terms (the “Employment Period”).

Section 2. Performance. Employee shall use Employee’s best efforts and skill to faithfully
enhance and promote the welfare and best interests of the Company. The Employee shall strictly
obey all rules and regulations of the Company, follow all laws and regulations of appropriate
government authorities, and be governed by reasonable decisions and instructions of the Company as
are consistent with job duties as described above.

Section 3. Executive Incentive Plan. Upon entering into this Agreement, Employee shall
invest not less than $200,000 in cash in exchange for shares of the Company’s parent’s common
stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of

 

 

restricted shares, subject to and in accordance with the terms and conditions of the Company’s
Executive Incentive Plan (“EIP”). Such investment shall be made by the Company applying $200,000
from the payments specified in Section 4(b) below. In connection with the foregoing and as a
condition to the purchase of such shares, Employee agrees to execute such documents and take such
other action as may reasonably be required by Company or the Company’s parent, including, but not
limited to, executing a subscription agreement in a form satisfactory to the Company’s parent and
executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and
between the Company’s parent and the stockholders of the Company’s parent.

Section 4. Compensation. Except as otherwise provided for herein, for all services to be
performed by the Employee in any capacity hereunder, including without limitation any services as
an officer, director, member of any committee, or any other duties assigned Employee, throughout
the Employment Period the Company shall pay or provide Employee with the following, and Employee
shall accept the same, as compensation for the performance of Employee’s undertakings and the
services to be rendered by Employee:

     (a) Base Salary. Initially, Employee will be entitled to an annual salary of Two
Hundred Fifty Thousand Dollars ($250,000) (the “Base Salary”), which shall he paid in accordance
with the Company’s policies and procedures. The Base Salary may not be reduced for any reason
during the first two years of Employee’s employment with the Company unless the salaries of other
comparable level executives with the Company are also reduced. Thereafter, the Employee’s base
salary may be changed at annual intervals, based on Employee’s and Company’s performance, which may
include, without limitation, participation in a periodic salary evaluation program on the same
basis as other employees of the Company of similar position.

     (b) One-Time Payment in Lieu of Foregone Executive Compensation. In consideration of
all employee and executive compensation benefits foregone by Employee upon termination of
Employee’s employment with Mercer Human Resource Consulting (“Mercer”), including, but not limited
to, benefits under any defined benefit retirement plan, supplemental executive retirement plan,
excess benefit plan, benefit restoration plan, restricted stock plan, option plan, or any other
plan, agreement, or arrangement providing employee retirement or executive compensation benefits,
the Company will make a one-time advance cash payment to Employee of (i) Five Hundred Seventeen
Thousand Dollars ($517,000.00), and (ii) an amount equal to all taxes associated with Employee’s
receipt of the foregoing payment, so that after payment of all such taxes by Employee, Employee
shall have the total amount of the foregoing payment. The advance payment described in this
Section 4(b) shall be conditioned upon the Employee remaining employed with the Company for a
period of not less than two (2) years after the Effective Date, and in the event such condition is
not satisfied, Employee shall be required to repay to the Company a portion of the advance payment
determined by multiplying the total advance payment by a fraction the numerator of which is the
number of days remaining in the two-year period and the denominator of which is 730;
provided, however, that the Employee shall not be required to repay any portion of
the advance payment to the Company if Employee is terminated by the Company without cause within
two (2) years after the Effective Date. Upon termination of Employee’s employment with the Company
within one (1) year after the Effective Date either (i) by Employee, or (ii) by the Company for
Cause, the Company may

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deduct from Employee’s paycheck(s) or other amounts owed Employee such portion of the advance
payment required to be repaid hereunder (or any other advances previously made to Employee). To
the extent such deductions are insufficient to fully reimburse the Company, Employee shall be
liable to the Company for the balance of the advances previously received.

     The amount of the advance payment described above has been determined on the assumption that
Mercer will not withhold payment of Employee’s 2005 performance bonus (the “Mercer Bonus”).
Employee will vigorously pursue payment from Mercer of the Mercer Bonus. Failing payment of the
Mercer Bonus on or before March 1, 2006, however, the Company will increase the amount of the
advance payment described above by the unpaid portion of the Mercer Bonus.

     (c) Annual Incentive Compensation. Employee shall be provided incentive compensation
(either in cash, phantom stock, or Common Stock of the Company’s parent, as specified by the
administrative committee of the Company’s Short-Term Incentive Plan (“STIP”)) pursuant to the terms
and conditions of the STIP. Employee shall be treated as first qualified to participate in the
STIP during the plan year beginning January 1, 2005. The first year incentives shall include one
hundred twenty percent (120%) of Base Salary in cash, stock, or phantom stock if target performance
goals are reached or exceeded, but if the target performance goals are not reached, Employee shall
only be entitled to incentive compensation (if any) otherwise provided by Company policy.

     (d) Deferred Compensation Plan. From and after the Effective Date, Employee shall be
eligible to participate in the Spirit AeroSystems Holdings, Inc. Deferred Compensation Plan
(“DCP”) pursuant to the terms and conditions of the DCP. In addition to any salary reduction
contributions Employee may timely elect to make under the DCP, the Company will make an annual
employer discretionary contribution to the DCP equal to ten and one-half percent (101/2%) of Base
Salary, which amount(s) shall be contributed to an employer discretionary contribution account
established for Employee under the DCP and shall be held and administered in accordance with the
terms and conditions of the DCP (including, but not limited to, the conditions set forth in Article
VI thereof).

     (e) Relocation Expenses. The Company will reimburse Employee’s reasonable expenses
(grossed up for tax impact) under the Company’s Relocation Procedure, Tier II for (1) moving
Employee and Employee’s family and tangible personal property to Wichita, Kansas, and (2)
reasonable temporary living expenses in Wichita, Kansas for a period not to exceed the lesser of
(i) the period until Employee sells existing primary residence, or (ii) twelve (12) months after
the Effective Date, it being understood that Employee shall use commercially reasonably efforts to
sell Employee’ s existing primary residence in a timely manner.

     (f) Other Benefit Plans. Employee shall also participate in the Company’s other
employee benefit plans, policies, practices, and arrangements as the same may be offered to
Employee from time to time, including, without limitation, any defined benefit retirement plan,
excess or supplementary plan, profit sharing plan, savings plan, health and dental plan, disability
plan, survivor income and life insurance plan, executive financial planning program, or other
arrangement, or any successors thereto, and the STIP and the DCP (collectively hereinafter referred
to as the “Benefit Plans”). The Employee’s entitlement to any other compensation or

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benefits shall be determined in accordance with the terms and conditions of the Benefit Plans
and other applicable programs, practices, and arrangements then in effect.

     (g) Vacation. An amount of paid vacation to which an employee with fifteen (15) years
of service with the Company is entitled to receive under the Company’s vacation policy (a minimum
of four weeks), and all paid holidays given by the Company to employees in Employee’s position, or
similar positions.

     (h) Fringe Benefits. All fringe benefits and perquisites all in accordance with the
Company’s policies as the same may be amended from time to time.

     (i) Withholding Taxes. The Company shall have the right to deduct from all payments
made to Employee hereunder any federal, state, or local taxes required by law to be withheld.

     (j) Expenses. During Employee’s employment, the Company shall promptly pay or
reimburse Employee for all reasonable out-of-pocket expenses incurred by Employee in the
performance of duties hereunder in accordance with the Company’s policies and procedures then in
effect.

Section 5. Restrictions.

     (a) Acknowledgements. Employee acknowledges and agrees that: (1) during the term of
Employee’s employment, because of the nature of Employee’s responsibilities and the resources
provided by the Company, Employee will acquire valuable and confidential skills, information, trade
secrets, and relationships with respect to the Company’s business practices and operations; (2)
Employee may develop on behalf of the Company a personal acquaintance and/or relationship with
various persons, including, but not limited to, customers and suppliers, which acquaintances may
constitute the Employee’s only contact with such persons, and, as a consequence of the foregoing,
Employee Employee will occupy a position of trust and confidence with respect to the Company’s
affairs; (3) the Business involves the marketing and sale of the Company’s products and services to
customers throughout the entire world, that the Company’s competitors, both in the United States
and internationally, consist of both domestic and international businesses, and the services to be
performed by Employee for the Company involve aspects of both the Company’s domestic and
international business; (4) it would be impossible or impractical for Employee to perform
Employee’s duties for the Company without access to the Company’s confidential and proprietary
information and contact with persons that are valuable to the goodwill of the Company. Employee
acknowledges that if Employee went to work for or otherwise performs services for a third party
engaged in a business substantially similar to the Business, the disclosure by Employee to a third
party of such confidential and proprietary information and/or the exploitation of such
relationships would be inevitable.

     (b) Reasonableness. In view of the foregoing and in consideration of the remuneration
to be paid to Employee, Employee agrees that it is reasonable and necessary for the protection of
the goodwill and business of the Company that the Employee make the covenants contained in this
Agreement regarding the conduct of Employee during and subsequent to

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Employee’s employment by the Company, and that the Company will suffer irreparable injury if
Employee engages in conduct prohibited by this Agreement.

     (c) Non-Compete. During the term of Employee’s employment by the Company and for a
period of two (2) years after termination of such employment, neither Employee nor any other person
or entity with Employee’s assistance nor any entity in which Employee directly or indirectly has
any interest of any kind (without limitation) shall anywhere in the world, directly or indirectly
own, manage, operate, control, be employed by, solicit sales for, invest in, participate in,
advise, consult with, or be connected with the ownership, management, operation, or control of any
business which is engaged, in whole or in part, in the Business, or any business that is
competitive therewith or any portion thereof, except for the exclusive benefit of the Company.

     (d) No Raiding. In addition, during the term of Employee’s employment by the Company
and for a period of two (2) years after termination of such employment, neither Employee nor any
person or entity with Employee’s assistance nor any entity that the Employee or any person with
Employee’s assistance or any person who Employee directly or indirectly controls shall, directly or
indirectly, (1) solicit or take any action to induce any employee to quit or terminate their
employment with the Company or the Company’s affiliates, or (2) employ as an employee, independent
contractor, consultant, or in any other position, any person who was an employee of the Company or
the Company’s affiliates during the aforementioned period.

     (e) Confidentiality. Without the express written consent of the Company, Employee
shall not at any time (either during or after the termination of the term of Employee’s employment)
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’s, or any of
their affiliates, or the Company’s, the Company’s parent, or any of their affiliates’ trade secrets
or inventions of which Employee has gained knowledge during Employee’s employment with the Company.
This paragraph shall not apply to any such information that: (1) Employee is required to disclose
by law; (2) has been otherwise disseminated, disclosed, or made available to the public; (3) was
obtained after Employee’s employment with the Company ended and from some source other than the
Company, which source was under no obligation of confidentiality.

     (f) Effect of Breach. Employee agrees that a breach of this Section 5 cannot
adequately be compensated by money damages and, therefore, the Company shall be entitled, in
addition to any other right or remedy available to it (including, but not limited to, an action for
damages), to an injunction restraining such breach or a threatened breach and to specific
performance of such provisions, and Employee hereby consents to the issuance of such injunction and
to the ordering of specific performance, without the requirement of the Company to post a bond or
other security.

     (g) Other Rights Preserved. Nothing in this Section eliminates or diminishes rights
which 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
Employee regarding trade secrets and confidential information.

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Section 6. Termination. This Agreement shall terminate upon the following circumstances:

     (a) Without Cause. At any time at the election of either Employee or the Company for
any reason or no reason, without cause, but subject to the provisions of this Agreement. It is
expressly understood that Employee’s employment is strictly “at will.”

     (b) Cause. At any time at the election of the Company for Cause. “Cause” for this
purpose shall mean (i) Employee committing a material breach of this Agreement or acts involving
moral turpitude, including fraud, dishonesty, disclosure of confidential information, or the
commission of a felony, or direct and deliberate acts constituting a material breach of Employee’s
duty of loyalty to the Company; (ii) Employee willfully or continuously refusing to perform the
material duties reasonably assigned to Employee by the Company that are consistent with the
provisions of this Agreement and not resulting from a Disability; or (iii) the inability of
Employee to obtain and maintain appropriate United States security clearances.

     (c) Disability. Employee’s death or Employee’s being unable to render the services
required to be rendered by Employee for a period of one hundred eighty (180) days during any
twelve-month period (“Disability”).

Section 7. Effect of Termination.

     (a) If Employee’s employment is terminated (i) by Employee, or (ii) by the Company for Cause,
the Company shall pay Employee’s compensation only through the last day of the Employment Period
(less any amounts the Company may off-set or deduct as specified in this Agreement), and, except as
may otherwise be expressly provided in this Agreement or in any Benefit Plan, the Company shall
have no further obligation to Employee.

     (b) If Employee’s employment is terminated by the Company for any reason other than Cause and
for so long as Employee is not in breach of Employee’s continuing obligations under Section 5, the
Company shall (i) continue to pay Employee an amount equal to Employee’s Base Salary in effect
immediately prior to the termination of Employee’s employment for a period of twelve (12) months
(less any amounts the Company may off-set or deduct as specified in this Agreement), and (ii) pay
the costs of COBRA medical and dental benefits coverage which are offered to Employee after
termination for a period of twelve (12) months. Except as may otherwise be expressly provided in
this Agreement or in any Benefit Plan, the Company shall have no further obligation to Employee.

     (c) On termination of employment, Employee shall deliver all trade secret, confidential
information, records, notes, data, memoranda, and equipment of any nature that are in Employee’s
possession or under Employee’s control and that are the property of the Company or relate to the
business of the Company, and Employee shall pay to the Company any amounts due and owning from
Employee to the Company as specified in this Agreement.

     (d) The obligations of Section 5 through Section 10 of this Agreement shall survive the
expiration or termination of this Agreement.

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Section 8. Representations and Warranties.

     (a) No Conflicts. Employee represents and warrants to the Company that Employee is
under no duty (whether contractual, fiduciary, or otherwise) that would prevent, restrict, or limit
Employee from fully performing all duties and services for the Company, and the performance of such
duties and services shall not conflict with any other agreement or obligation to which Employee is
bound.

     (b) No Hardship. Employee represents and acknowledges that Employee’s experience
and/or abilities are such that observance of the covenants contained in this Agreement will not
cause Employee any undue hardship and will not unreasonably interfere with Employee’s ability to
earn a livelihood.

Section 9. Alternative Dispute Resolution.

     (a) Mediation. Employee and the Company agree to submit, prior to arbitration all
unsettled claims, disputes, controversies, and other matters in question between them arising out
of or relating to this Agreement (including but not limited to any claim that the Agreement or any
of its provisions is invalid, illegal, or otherwise voidable or void) or the dealings or
relationship between Employee and the Company (“Disputes”) to mediation in Wichita, Kansas and in
accordance with the Commercial Mediation Rules of the American Arbitration Association currently in
effect. The mediation shall be private, confidential, voluntary, and nonbinding. Any party may
withdraw from the mediation at any time before signing a settlement agreement upon written notice
to each other party and to the mediator. The mediator shall be neutral and impartial. The
mediator shall be disqualified as a witness, consultant, expert, or counsel for either party with
respect to the matters in Dispute and any related matters. The Company and Employee shall pay
their respective attorneys’ fee and other costs associated with the mediation, and the Company and
Employee shall equally bear the costs and fees of the mediator. If a Dispute cannot be resolved
through mediation within ninety (90) days of being submitted to mediation, the parties agree to
submit the Dispute to arbitration.

     (b) Arbitration. Subject to Section 9(a), all Disputes will be submitted for binding
arbitration to the American Arbitration Association on demand of either party. Such arbitration
proceeding will be conducted in Wichita, Kansas and, except as otherwise provided in this
Agreement, will be heard by one (1) arbitrator in accordance with the Commercial Arbitration Rules
of the American Arbitration Association then in effect. All matters relating to arbitration will
be governed by the federal Arbitration Act (9 U.S.C. §§ 1 et seq.) and not by any state
arbitration law. The arbitrator will have the right to award or include in his award any relief
which he deems proper under the circumstances, including, without limitation, money damages (with
interest on unpaid amounts from the date due), specific performance, injunctive relief, and
reasonable attorneys’ fees and costs, provided that the arbitrator will not have the right to amend
or modify the terms of this Agreement. The award and decision of the arbitrator will be conclusive
and binding upon all parties hereto, and judgment upon the award may be entered in any court of
competent jurisdiction. Except as specified above, the Company and Employee shall pay their
respective attorneys’ fees and other costs associated with the arbitration, and the Company and
Employee shall equally bear the costs and fees of the arbitrator.

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     (c) Confidentiality. Employee and the Company agree that they will not disclose, or
permit those acting on their behalf to disclose, any aspect of the proceedings under Section 9(a)
and Section 9(b), including but not limited to the resolution or the existence or amount of any
award, to any person, firm, organization, or entity of any character or nature, unless divulged (i)
to an agency of the federal or state government, (ii) pursuant to a court order, (iii) pursuant to
a requirement of law, (iv) pursuant to prior written consent of the Company or Employee, or (v)
pursuant to a legal proceeding to enforce a settlement agreement or arbitration award. This
provision is not intended to prohibit nor does it prohibit Employee’s or the Company’s disclosures
of the terms of any settlement or arbitration award to their attorney(s), accountant(s), financial
advisor(s), or family members, provided that they comply with the provisions of this paragraph.

     (d) Injunctions. Notwithstanding anything to the contrary contained in this Section
9, the Company and Employee shall have the right in a proper case to obtain temporary restraining
orders and temporary or preliminary injunctive relief from a court of competent jurisdiction;
provided, however, that the Company and Employee must contemporaneously submit the
Disputes for non-binding mediation under Section 9(a) and then for arbitration under Section 9(b)
on the merits as provided herein if such Disputes cannot be resolved through mediation.

Section 10. General.

     (a) Notices. All notices required or permitted under this Agreement shall be in
writing, may be made by personal delivery or facsimile transmission, effective on the day of such
delivery or receipt of such transmission, or may be mailed by registered or certified mail,
effective two (2) days after the date of mailing, addressed as follows:

To the Company:

Spirit AeroSystems, Inc.

Attention: Gloria Farha Flentje Vice President General Counsel

3801 S. Oliver

P.O. Box 780008, Mail Code K11-60

Wichita, KS 67278-0008

Facsimile Number: (316) 523-8814

     or such other person or address as designated in writing to Employee.

     To Employee:

Janet S. Nicolson

     at Employee’s last known residence address or to such other address as designated by Employee
in writing to the Company.

     (b) Successors. Neither this Agreement nor any right or interest therein shall be
assignable or transferable (whether by pledge, grant of a security interest, or otherwise) by
Employee or Employee’s beneficiaries or legal representatives, except by will, by the laws of
descent and distribution, or inter vivos revocable living grantor trust as Employee’s
beneficiaries.

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This Agreement shall be binding upon and shall inure to the benefit of the Company, its
successors and assigns, and Employee and shall be enforceable by them and Employee’s heirs,
legatees, and legal personal representatives. If Employee dies during the term of this Agreement,
the obligation to pay salary and provide benefits shall immediately cease; and, absent actual
notice of any probate proceeding, the Company shall pay any compensation due for the period
preceding Employee’s death to the following person(s) in order of preference: (i) spouse of
Employee; (ii) children of Employee eighteen years of age and over, in equal shares; (iii) father,
mother, sisters, and brothers, in equal shares; or (d) the person to whom funeral expenses are due.
Upon payment of such sum, the Company shall be relieved of all further obligations hereunder.

     (c) Waiver, Modification, and Interpretation. No provisions of this Agreement may be
modified, waived, or discharged unless such waiver, modification, or discharge is agreed to in a
writing signed by Employee and an appropriate officer of the Company empowered to sign the same by
the Board of Directors of the Company. No waiver by either party at any time of any breach by the
party of, or compliance with, any condition or provision of this Agreement to be performed by the
other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same
time or at any prior or subsequent time. The validity, interpretation, construction, and
performance of this Agreement shall be governed by the laws of the State of Kansas;
provided, however, that the corporate law of the state of incorporation of the
Company’s parent shall govern issues related to the issuance of shares of its Common Stock. Except
as provided in Section 9, any action brought to enforce or interpret this Agreement shall be
maintained exclusively in the state and federal courts located in Wichita, Kansas.

     (d) Interpretation. The headings contained herein are for reference purposes only and
shall not in any way affect the meaning or interpretation of any provision of this Agreement. No
provision of this Agreement shall be interpreted for or against any party hereto on the basis that
such party was the draftsman of such provision; and no presumption or burden of proof shall arise
disfavoring or favoring any party by virtue of the authorship of any of the provisions of this
Agreement.

     (e) Counterparts. The Company and Employee may execute this Agreement in any number
of counterparts, each of which shall be deemed to be an original but all of which shall constitute
but one instrument. In proving this Agreement, it shall not be necessary to produce or account for
more than one such counterpart.

     (f) Invalidity of Provisions. If a court of competent jurisdiction shall declare that
any provision of this Agreement is invalid, illegal, or unenforceable in any respect, and if the
rights and obligations of the Parties to this Agreement will not he materially and adversely
affected thereby, in lieu of such illegal, invalid, or unenforceable provision the court may add as
a part of this Agreement a legal, valid, and enforceable provision as similar in terms to such
illegal, invalid, or unenforceable provision as is possible. If such court cannot so substitute or
declines to so substitute for such invalid, illegal, or unenforceable provision, (i) such provision
will be fully severable; (ii) this Agreement will be construed and enforced as if such illegal,
invalid, or unenforceable provision had never comprised a part hereof; and (iii) the remaining
provisions of this Agreement will remain in full force and effect and not be affected by the
illegal, invalid, or unenforceable provision or by its severance herefrom. The covenants contained
in this

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Agreement shall each be construed to be a separate agreement independent of any other
provision of this Agreement, and the existence of any claim or cause of action of Employee against
the Company, predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of any of said covenants.

     (g) Entire Agreement. This Agreement (together with the documents expressly
referenced herein) constitutes the entire agreement between the parties, supersedes in all respects
any prior agreement between the Company and Employee and may not be changed except by a writing
duly executed and delivered by the Company and Employee in the same manner as this Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date
and year first written above.

	 	 	 	 	 	 
	 	 	SPIRIT AEROSYSTEMS, INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Suzanne Scott
	 

	 	 	 	 
	 

	 	Name:	 	Suzanne Scott
	 

	 	 	 	 
	 

	 	Title:	 	Director of Human Resources Support Services
	 

	 	 	 	 

     “Company”

	 	 	 	 	 
	 	 	 
	 	  	/s/ Janet S. Nicolson	 
	 	 	Janet S. Nicolson
 	 
	 	 	                    "Employee" 	 
	 

10<PAGE>

                                                                   Exhibit 10.14

                            SPIRIT AEROSYSTEMS, INC.
                       DIRECTOR INDEMNIFICATION AGREEMENT

     This INDEMNIFICATION AGREEMENT (this "Agreement") is made as of this ___
day of ____________, 2005, by and between Spirit AeroSystems, Inc., a Delaware
corporation (the "Company"), and _______________ (the "Indemnitee").

                                    RECITALS:

     The Company and Indemnitee recognize the substantial increase in corporate
litigation in general, subjecting corporate directors to expensive litigation
risks at the same time as the availability and coverage of liability insurance
has been severely limited. Indemnitee does not regard the currently available
insurance protection as adequate under the present circumstances, and Indemnitee
may not be willing to serve as a director of the Company without additional
protection. The Company desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, to serve as directors of the Company
and to indemnify its directors so as to provide them with the maximum protection
permitted by law.

     The Company and Indemnitee, intending to be legally bound, hereby agree as
follows:

     1. INDEMNIFICATION.

     (a) Third Party Proceedings. The Company shall indemnify Indemnitee if
Indemnitee was or is a party to or witness in or is threatened to be made a
party to or witness in any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than
an action by or in the right of the Company) by reason of the fact that
Indemnitee is or was a director, officer, employee or agent of the Company, or
any subsidiary of the Company, or by reason of the fact that Indemnitee is or
was serving at the request of the Company as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement (if such settlement is approved in advance by the
Company, which approval shall not be unreasonably withheld) actually and
reasonably incurred by Indemnitee in connection with such action, suit or
proceeding if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company
and, with respect to any criminal action or proceeding, had no reasonable cause
to believe Indemnitee's conduct was unlawful. The termination of any action or
proceeding by judgment, order, settlement, conviction or upon a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that
(i) Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company, and (ii) with respect to any criminal action or proceeding, Indemnitee

<PAGE>

had reasonable cause to believe that Indemnitee's conduct was unlawful.

     (b) Proceedings By or in the Right of the Company. The Company shall
indemnify Indemnitee if Indemnitee was or is a party to or witness in or is
threatened to be made a party to or witness in to any threatened, pending or
completed action or suit by or in the right of the Company or any subsidiary of
the Company to procure a judgment in its favor by reason of the fact that
Indemnitee is or was a director, officer, employee or agent of the Company, or
any subsidiary of the Company, or by reason of the fact that Indemnitee is or
was serving at the request of the Company as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, against expenses (including attorneys' fees) actually and reasonably
incurred by Indemnitee in connection with the defense or settlement of such
action or suit if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company, except that no indemnification shall be made in respect of any claim,
issue or matter as to which Indemnitee shall have been adjudged to be liable to
the Company, or any subsidiary of the Company, unless and only to the extent
that the Court of Chancery of the State of Delaware or the court in which such
action or suit is or was pending shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for expenses and then
only to the extent that the court shall deem proper.

     (c) Successful Defense. To the extent Indemnitee has been successful on the
merits or otherwise in defense of any action, suit or proceeding referred to in
Section 1(a) or (b) hereof, Indemnitee shall be indemnified against expenses
(including attorney fees) actually and reasonably incurred by Indemnitee in
connection therewith.

     2. EXPENSES; INDEMNIFICATION PROCEDURE.

     (a) Advancement of Expenses. The Company shall advance all expenses
incurred by Indemnitee in connection with the investigation, defense, settlement
or appeal of any civil or criminal action or proceeding referenced in Section
1(a) or (b) hereof (but not amounts actually paid in settlement of any such
action or proceeding). Indemnitee hereby undertakes to repay such amounts
advanced only if, and to the extent that, it shall ultimately be determined that
Indemnitee is not entitled to be indemnified by the Company as authorized
hereby. The advances to be made hereunder shall be paid by the Company to
Indemnitee within 20 days following delivery of a written request therefor by
Indemnitee to the Company, accompanied by such supporting documentation as may
be reasonably requested by the Company.

     (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition
precedent to his right to be indemnified under this Agreement, give the Company
notice in writing as soon as practicable of any claim made against Indemnitee
for which indemnification will or could be sought under this Agreement. In
addition, Indemnitee shall give the Company such information and cooperation as
it may reasonably require and as shall be within Indemnitee's power.

<PAGE>

     (c) Procedure. Any indemnification provided for in Section 1 shall be made
no later than forty-five (45) days after receipt of the written request of
Indemnitee made following final disposition of the action or proceeding to which
such indemnification relates. If a claim by Indemnitee under this Agreement,
under any statute, or under any provision of the Company's Certificate of
Incorporation or Bylaws providing for indemnification, is not paid in full by
the Company within 45 days after a written request for payment thereof has first
been received by the Company, Indemnitee may, but need not, at any time
thereafter bring an action against the Company to recover the unpaid amount of
the claim and, subject to Section 12 hereof, Indemnitee shall also be entitled
to be paid for the expenses (including reasonable attorneys' fees) of bringing
such action. It shall be a defense to any such action (other than an action
brought to enforce a claim for expenses incurred in connection with any action
or proceeding in advance of its final disposition) that Indemnitee has not met
the standards of conduct which make it permissible under applicable law for the
Company to indemnify Indemnitee for the amount claimed, but the burden of
proving such defense shall be on the Company, and Indemnitee shall be entitled
to receive interim payments of expenses pursuant to Section 2(a) hereof unless
and until such defense may be finally adjudicated by court order or judgment
from which no further right of appeal exists. It is the parties' intention that
if the Company contests Indemnitee's right to indemnification, the question of
Indemnitee's right to indemnification shall be for the court to decide, and
neither the failure of the Company (including its Board of Directors, any
committee or subgroup of the Board of Directors, independent legal counsel or
its stockholders) to have made a determination that indemnification of
Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct required by applicable law, nor an actual
determination by the Company (including its Board of Directors, any committee or
subgroup of the Board of Directors, independent legal counsel or its
stockholders) that Indemnitee has not met such applicable standard of conduct,
shall create a presumption that Indemnitee has or has not met the applicable
standard of conduct.

     (d) Notice to Insurers. If, at the time of the receipt of a notice of a
claim pursuant to Section 2(b) hereof, the Company has director and officer
liability insurance that may cover the claim in effect, the Company shall give
prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Company
shall thereafter take all necessary or desirable action to cause such insurers
to pay, on behalf of Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies in partial or complete
satisfaction of the Company's obligations hereunder.

     (e) Selection of Counsel. In the event the Company shall be obligated under
Section 2(a) hereof to pay the expenses of any proceeding against Indemnitee,
the Company shall be entitled to assume the defense of such proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect

<PAGE>

to the same proceeding, provided that (i) Indemnitee shall have the right to
employ his own counsel in any such proceeding at Indemnitee's expense; and (ii)
if (A) the employment of counsel by Indemnitee has been previously authorized by
the Company, (B) Indemnitee shall have reasonably concluded that there may be a
conflict of interest between the Company and Indemnitee in the conduct of any
such defense or (C) the Company shall not, in fact, have employed counsel to
assume the defense of such proceeding, then the fees and expenses of
Indemnitee's counsel shall be at the expense of the Company.

     3. ADDITIONAL INDEMNIFICATION RIGHTS; NONEXCLUSIVITY.

     (a) Scope. Notwithstanding any other provision of this Agreement, the
Company hereby agrees to indemnify the Indemnitee to the fullest extent
permitted by the Delaware General Corporation Law (other than Section 145(f)
thereof or any successor non-exclusivity provision), notwithstanding that such
indemnification is not specifically authorized by the other provisions of this
Agreement, the Company's Certificate of Incorporation, the Company's Bylaws or
by statute. In the event of any change, after the date of this Agreement, in any
applicable law, statute or rule which expands the right of a Delaware
corporation to indemnify a member of its board of directors or an officer, such
changes shall be, ipso facto, within the purview of Indemnitee's rights and the
Company's obligations, under this Agreement. In the event of any change in any
applicable law, statute or rule which narrows the right of a Delaware
corporation to indemnify a member of its Board of Directors, such changes, to
the extent not otherwise required by such law, statute or rule to be applied to
this Agreement shall have no effect on this Agreement or the parties' rights and
obligations hereunder.

     (b) Nonexclusivity. The indemnification provided by this Agreement shall
not be deemed exclusive of any rights to which Indemnitee may be entitled under
the Company's Certificate of Incorporation, its Bylaws, any agreement, any vote
of stockholders or disinterested directors, the Delaware General Corporation Law
or otherwise, both as to action in Indemnitee's official capacity and as to
action in another capacity while holding such office. The indemnification
provided under this Agreement shall continue as to Indemnitee for any action
taken or not taken while serving in an indemnified capacity even though he may
have ceased to serve in such capacity at the time of any action or other covered
proceeding.

     4. PARTIAL INDEMNIFICATION. If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of the
expenses (including attorneys' fees), judgments, fines and amounts paid in
settlement (if such settlement is approved in advance by the Company, which
approval shall not be unreasonably withheld) actually and reasonably incurred by
Indemnitee in connection with an action, suit or proceeding described in Section
1(a), but not, however, for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion of such expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement to which
Indemnitee is entitled.

     5. MUTUAL ACKNOWLEDGMENT. Both the Company and Indemnitee

<PAGE>

acknowledge that in certain instances, Federal law or applicable public policy
may prohibit the Company from indemnifying its directors and officers under this
Agreement or otherwise. Indemnitee understands and acknowledges that the Company
has undertaken or may be required in the future to undertake with the Securities
and Exchange Commission to submit the question of indemnification to a court in
certain circumstances for a determination of the Company's right under public
policy to indemnify Indemnitee.

     6. SEVERABILITY. Nothing in this Agreement is intended to require or shall
be construed as requiring the Company to do or fail to do any act in violation
of applicable law. The Company's inability, pursuant to court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement. The provisions of this Agreement shall be severable as provided in
this Section 6. If this Agreement or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall
nevertheless indemnify Indemnitee to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated, and the balance
of this Agreement not so invalidated shall be enforceable in accordance with its
terms.

     7. EXCEPTIONS. Any other provision herein to the contrary notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement:

     (a) Excluded Acts. To indemnify Indemnitee for any acts or omissions or
transactions from which a director may not be relieved of liability under the
Delaware General Corporation Law; or

     (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to
Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to
proceedings brought to establish or enforce a right to indemnification under
this Agreement or any other statute or law or otherwise as required under
Section 145 of the Delaware General Corporation Law, but such indemnification or
advancement of expenses may be provided by the Company in specific cases if the
Board of Directors has approved the initiation or bringing of such suit; or

     (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred
by Indemnitee with respect to any proceeding instituted by Indemnitee to enforce
or interpret this Agreement, to the extent that a court of competent
jurisdiction determines that the material assertions made by Indemnitee in such
proceeding were not made in good faith or were frivolous; or

     (d) Insured Claims. To indemnify Indemnitee for expenses or liabilities of
any type whatsoever (including, but not limited to, judgments, fines, Employee
Retirement Income Security Act of 1974 excise taxes or penalties, and amounts
paid in settlement) which have been paid directly to Indemnitee by an insurance
carrier under a policy of directors' and officers' liability insurance
maintained by the Company or its affiliates; or

<PAGE>

     (e) Claims Under Section 16(b). To indemnify Indemnitee for expenses and
the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934,
as amended, or any similar successor statute.

     8. EFFECTIVENESS OF AGREEMENT. To the extent that the indemnification
permitted under the terms of certain provisions of this Agreement exceeds the
scope of the indemnification provided for in the Delaware General Corporation
Law, such provisions shall not be effective unless and until the Company's
Certificate of Incorporation authorizes such additional rights of
indemnification. In all other respects, the balance of this Agreement shall be
effective as of the date set forth on the first page hereof and may apply to
acts or omissions of Indemnitee which occurred prior to such date if Indemnitee
was an officer, director, employee or other agent of the Company, or was serving
at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, at
the time such act or omission occurred.

     9. CONSTRUCTION OF CERTAIN PHRASES.

     (a) Company. For purposes of this Agreement, references to the "Company"
shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees or
agents, so that if Indemnitee is or was a director, officer, employee or agent
of such constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, Indemnitee
shall stand in the same position under the provisions of this Agreement with
respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued.

     (b) Other Enterprise, etc. For purposes of this Agreement, references to
"other enterprises" shall include employee benefit plans; references to "fines"
shall include any excise taxes assessed on Indemnitee with respect to any
employee benefit plan; and references to "serving at the request of the Company"
shall include any service as a director, officer, employee or agent of the
Company which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan, its
participants or beneficiaries.

     10. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original.

     11. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the
Company and its successors and assigns, and shall inure to the benefit of
Indemnitee and Indemnitee's estate, heirs, legal representatives and assigns.

<PAGE>

     12. ATTORNEYS' FEES. In the event that any action is instituted by
Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
Indemnitee shall be entitled to be paid all court costs and expenses, including
reasonable attorneys' fees, incurred by Indemnitee with respect to such action,
except to the extent that, as a part of such action, the court of competent
jurisdiction determines that the material assertions made by Indemnitee as a
basis for such action were not made in good faith or were frivolous. In the
event of an action instituted by or in the name of the Company under this
Agreement or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and expenses, including
reasonable attorneys' fees, incurred by Indemnitee in defense of such action
(including with respect to Indemnitee's counterclaims and cross claims made in
such action), except to the extent that, as a part of such action, the court
determines that Indemnitee's material defenses to such action were made in bad
faith or were frivolous.

     13. NOTICES. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee, on the date of such
receipt, (ii) if mailed by domestic certified or registered mail with postage
prepaid, on the fifth business day after the date postmarked, or (iii) if sent
by telecopier (with receipt confirmed), on the date of such receipt. Addresses
for notice to either party are as shown on the signature page of this Agreement,
or as subsequently modified by written notice and in the case of notices to the
Company shall be marked for the attention of the Chief Executive Officer.

     14. CONSENT TO JURISDICTION. The Company and Indemnitee each hereby
irrevocably consent to the jurisdiction of the courts of the State of Delaware
for all purposes in connection with any action or proceeding which arises out of
or relates to this Agreement and agree that any action instituted under this
Agreement shall be brought only in the state courts of the State of Delaware.

     15. CHOICE OF LAW. This Agreement shall be governed by and its provisions
construed in accordance with the laws of the State of Delaware as applied to
contracts between Delaware residents entered into and to be performed entirely
within Delaware.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

                                        SPIRIT AEROSYSTEMS, INC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

AGREED TO AND ACCEPTED:
INDEMNITEE:

------------------------------------
Name:
      -------------------------------
Address:
         ----------------------------

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