Document:

TransDigm Inc. Executives Retirement Savings Plan

  
 Exhibit 10.9 
  
 Preamble 
  
 TransDigm Inc. (the
“Company”) hereby establishes the TransDigm Inc. Executives Retirement Savings Plan (the “Plan”), effective as of the date specified herein. The Company intends to establish and maintain the plan as an unfunded retirement plan
for a select group of management or highly compensated employees. 
  
 The purpose of the Plan is to permit designated
executives of the Company and its affiliates to accumulate additional retirement income through a nonqualified deferred compensation plan that enables them to make elective deferrals in addition to or in lieu of those permitted under the TransDigm,
Inc. Retirement and 401(k) Plan. 
  
 ARTICLE 1. 
  
 Definitions 
  
 As used in this Plan, the
following capitalized words and phrases have the meanings indicated, unless the context requires a different meaning: 
  
 1.1.  “Account” means the amounts credited to a Participant’s Salary Reduction Account under the Plan pursuant to the Participation’s Salary Reduction Agreement. 
  
 1.2.  “Allocation Date” means the last day of any Plan Year and any other dates chosen by the committee.

  
 1.3.  “Beneficiary” means the person or persons designated by a Participant, or
otherwise entitled, to receive any amount credited to his Account that remains undistributed at his death. 
  
 1.4.  “Board of Directors” or “Board” means the board of directors of the Company. 
  
 1.5.  “Committee” means the committee appointed in accordance with Section 8.1 to administer the Plan. 
  
 1.6.  “Company” means TransDigm, Inc., a Delaware corporation, and any successor thereto. 
  

1.7.  “Compensation” means the aggregate compensation paid to a Participant by the Company for a Plan Year, including salary, overtime pay,
commissions, bonuses and all other items that constitute wages within the meaning of section 3401(a) of the Code or are required to be reported under section 6041(d), 6051(a)(3) or 6052 of the Code. Compensation also includes Salary Reduction
Accruals under this Plan and any elective deferrals under cash-or-deferred arrangements or cafeteria plans that are not includible in gross income by reason of section 125 or 402(a)(8) of the Code but does not include any other amounts contributed
pursuant to, or received under. 
  
 
TransDigm Inc. Executive Retirement Savings Plan

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 1.8.  “Disability” means a mental or physical
condition that, in the opinion of a licensed physician approved by the Committee, renders a Participant permanently incapable of satisfactorily performing his usual duties for the Company or the duties of such other position as the Company may make
available to him for which he is qualified by reason of training, education or experience. 
  
 1.9.  “Early Retirement Date” means the day the Participant actually retires from active employment with the Company or an affiliate due to the later of (a) a Participant’s fifty-fifth (55th) birthday;
or (b) his completion of five (5) Years of Service. 
  
 1.10.  “Effective Date” means
January 1, 1997, the date on which this Plan went into effect. 
  
 1.11.  “Eligible
Employee” means any key executive of the Company or an affiliate as determined annually at the discretion of the Board of Directors. The Board of Directors shall determine prior to the beginning of each Plan Year the employees eligible to
participate in the Plan for that particular Plan Year. An eligible employee shall be a member of a “select group of management or highly compensated employees” as referred to in Title I of ERISA. 
  
 1.12.  “Entry Date” means the Effective Date and each January 1st thereafter. 
  
 1.13.  “Normal Retirement Date” means the day the Participant actually retires from active employment with the Company
or an affiliate due to the attainment of age 65. 
  
 1.14.  “Participant” means any
Eligible Employee who satisfies the conditions for participation in the Plan set forth in Section 2.1. 
  
 1.15.  “Plan” means the TransDigm Inc. Executive Retirement Savings Plan, as set forth herein and as from time to time amended. 
  
 1.16.  “Plan Year” means the accounting year of the Plan, ending each calendar year, December 31st. 
  
 1.17.  “Salary Reduction Accrual” means an amount credited to the Salary Reduction Account pursuant to a Salary
Reduction Agreement. 
  
 1.18.  “Salary Reduction Account” means the account established
to record Salary Reduction Accruals authorized by Participants under the terms of this Plan. 
  
 1.19.  “Salary Reduction Agreement” means an agreement between a Participant and the Company, under which the Participant agrees to a reduction in his Compensation and the Company agrees to credit him with
Salary Reduction Accruals under this Plan. 
  
 
TransDigm Inc. Executive Retirement Savings
Plan 
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 1.20.  “Termination of Employment” means a
Participant’s or former Participant’s separation from the service of the Company (including all affiliates of the Company) by reason of his resignation, retirement, discharge or death. 
  

1.21.  “Trust” or “Trust Fund” means any trust established to hold amounts set aside by the Company or its affiliates in
accordance with Section 4.5. 
  
 1.22.  “Trustee” means National City Bank and any
additional or successor trustee of the Trust Fund. 
  
 1.23.  “Valuation Date” means any
Allocation Date and any other date chosen by the Committee as of which the value of Participants’ Accounts is determined. 
  
 1.24.  “Years of Service” means the total number of years for which a Participant has received credit toward vesting under the TransDigm, Inc. Retirement and 401(k) Plan. 
  
 1.25.  Rules of construction 
  
 1.25.1.  Governing law.    The construction and operation of this Plan and Trust are governed by the laws of the State of Ohio. 
  
 1.25.2.  Undefined terms.    Unless the context clearly requires another meaning, any term not
specifically defined in this Plan is used in the sense given to it by the TransDigm, Inc. Retirement and 401(k) Plan. 
  
 1.25.3.  Headings.    The headings of Articles, Sections and Subsections are for reference only and are not to be utilized in construing the Plan. 
  
 1.25.4.  Gender.    Unless clearly inappropriate, all pronouns of whatever gender refer indifferently
to persons or objects of any gender. 
  
 1.25.5.  Singular and plural.    Unless
clearly inappropriate, singular terms refer also to the plural number and vice versa. 
  
 1.25.6.  Severability.    If any provision of this Plan is held illegal or invalid for any reason, the remaining provisions are to remain in full force and effect and to be construed and enforced
in accordance with the purposes of the Plan as if the illegal or invalid provision did not exist. 
  
 
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 ARTICLE 2. 
  
 Participation in the Plan 
  
 2.1.  Commencement of participation.    An employee of the Company or an affiliate becomes a Participant on the earliest Entry Date on which he satisfies all of the following conditions:

  
 (a) he is an Eligible Employee; and 
  
 (b) he has executed a valid Salary Reduction Agreement that is still in effect. 
  
 2.2.  Cessation of participation.    If a Participant ceases to satisfy any of the conditions set forth in Section 2.1, his
participation in this Plan terminates immediately, except that his Account will continue to be held for his benefit and will be distributed to him in accordance with the provisions of Article 6. He may resume participation as of any Entry Date on
which he again satisfies the conditions of Section 2.1. 
  
 ARTICLE 3. 
  
 Accounts Under the Plan 
  
 3.1.  Establishment of Accounts.    The accounts specified in this Section 3.1 are established under the Plan to record the liability of the Company to Participants. All Accounts are
maintained on the books of the Company, and the Company is under no obligation to segregate any assets to provide for these liabilities. 
  
 3.1.1.  Salary Reduction Accounts.    A Salary Reduction Account is maintained for each Participant for the purpose of recording the current value of his Salary Reduction Accruals.

  
 3.2.  Valuation of Accounts 
  
 3.2.1.  Timing of valuation.    All Accounts are valued as of each Allocation Date and as of any other Valuation Date fixed by the
Committee. 
  
 3.3.  Method of valuing Accounts.    The value of a
Participant’s Account as of any Valuation Date shall reflect each Participant’s interest in the Plan. The Participant’s interest shall be calculated as if the Participant’s Salary Reduction Account balance were actually invested
in accordance with the directions of the Participant made in accordance with the terms of this Plan, including applicable default provisions. The Company shall have no obligation to actually invest any amounts in accordance with such directions.

  
 
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 ARTICLE 4. 
  
 Accrual of Benefits 
  
 4.1.  Salary Reduction Accruals.    For any Plan Year, Salary Reduction Accruals are credited to each Participant to the extent specified in his Salary Reduction Agreement in effect for the Plan
Year. 
  
 4.2.  Timing of accruals.    Salary Reduction Accruals are deemed to
accrue on the date on which the Participant would otherwise have received the Compensation that he elected to defer. A Participant whose Termination of Employment occurred before the date on which any amount described in Section 4.1 would otherwise
have accrued is not entitled to that accrual, unless his Termination of Employment was due to his Death, Disability or retirement at or after his Early Retirement Date or Normal Retirement Date. 
  

4.3.  Salary Reduction Agreements 
  
 4.3.1.  Authorization of Salary Reduction Accruals.    By executing a Salary Reduction Agreement and filing it with the Committee with respect to a Plan Year, a Participant may elect to
have Salary Reduction Accruals credited under the Plan on his behalf. The current salary and bonus of a Participant who executes and files a Salary Reduction Agreement are reduced by the amount specified in his election, and an equal amount is
accrued under the Plan in accordance with Section 4.1. An agreement may specify either a dollar amount or a percentage reduction and may specify whether the reduction is applied to regular salary, to bonuses or to both. Salary Reduction
Contributions may not be made with respect to Compensation other than salary and bonuses. 
  
 4.3.2.  Timing of Salary Reduction Agreements.    A Salary Reduction Agreement with respect to regular salary for any Plan Year after 1997 must be executed and filed with the Committee no later
than the last day of the preceding Plan Year. A Salary Reduction Agreement with respect to regular salary for the 1997 Plan Year must be executed and filed with the Committee before the Effective Date. A Salary Reduction Agreement with respect to
regular salary for a Plan Year may be changed, prospectively, by an administratively reasonable date prior to the first day of a calendar quarter in such Plan Year. A Salary Reduction Agreement with respect to a bonus must be executed and filed with
the Committee at least sixty (60) days prior to the date the amount of such bonus is determined by the Board (or other appropriate individual or entity) or such earlier date as the Committee shall direct. No Salary Reduction Agreement may be amended
or revoked after the last day on which it could have been executed, except that an agreement is automatically revoked if the Participant who executed it ceases to be eligible to participate in the Plan. 
  
 4.3.3.  Limitations on Salary Reduction Accruals.    The maximum amount (if any) that may be deferred
by a Participant in accordance with Section 4.1. shall be determined by the Committee. 
  
 
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 4.4.  Investment of Accruals.    The Salary
Reduction Accounts of Participants and former Participants shall be accounting entities only. 
  
 4.4.1  Deemed Investments.    The Company shall make available one or more deemed investment options for Participants and former Participants with Salary Reduction Account balances. Participants
and former Participants may direct the deemed investment of such Account balances in accordance with a uniform procedure established by the Committee which may provide an interest only option paying a reasonable rate of interest and/or investment
alternatives modeled after real world alternatives. The Committee shall cause appropriate records to be maintained in order to determine the Account balances of Participants and former Participants. 
  
 4.4.2.  Contributions to Trust Fund.    The Company may establish a Trust Fund and make contributions
to it corresponding to any or all amounts accrued under Section 4.1. These contributions shall be credited with income, expense, gains and losses in accordance with the investment experience of the Trust Fund and the terms and provisions of any
applicable trust agreement. 
  
 4.5.  Status of the Trust
Fund.    Notwithstanding any other provision of this plan, all assets of the Trust Fund remain the property of the Company and are subject to the claims of its creditors. No Participant has any priority claim on Trust assets
or any security interest or other rights in or to them superior to the rights of general creditors of the Company. 
  
 4.6.  Nonalienability.    A Participant’s or former Participant’s rights under this Plan may not be voluntarily or involuntarily assigned or alienated. If a Participant or former
Participant attempts to assign his rights or enters into bankruptcy proceedings, his right to receive payments personally under the Plan will terminate, and the Committee may apply them in such manner as will, in its judgment, serve the best
interests of the Participant or former Participant. 
  
 ARTICLE 5. 
  
 Vesting 
  
 5.1.  Definition
of “vesting”.    A Participant’s interest in his Accounts is “vested” when it is not subject to forfeiture for any reason. 
  
 5.2.  Vesting requirements  A Participant’s interest in his Salary Reduction Accrual Account, is fully (100%) vested at all times.

  
 ARTICLE 6. 
  
 Distributions to Participants 
  
 6.1  Timing and manner of
distribution. 
  
 
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 6.1.1  Election of distribution date and manner of
distribution.    Each Salary Reduction Agreement must specify when and in what form benefits accrued under the Plan while the Agreement is in effect will be distributed to the Participant or his Beneficiary. A Participant may
elect any date and form of distribution that is acceptable to the Committee, except that the date of distribution may not in any case be earlier than his date of Termination of Employment. The Participant and the Committee may agree to change the
time or manner of distribution specified in a Salary Reduction Agreement, but only if the change is agreed to ninety (90) days preceding Termination of Employment, or such earlier date as shall be determined by the committee. 

 
 6.1.2  Methods of distribution.    Participants may receive distributions from the Plan
only upon the occurrence of one or more of the events specifically described in Section 6.2. Distribution will be made in one of the following methods as previously elected by the Participant and applicable to his entire Account balance: (1) payment
in a one-time, single sum distribution payable as soon as administratively feasible, but no later than 90 days after the occurrence of a triggering event; (2) payment in three equal annual installments commencing as soon as administratively
feasible, but no later than 90 days after the occurrence of a triggering event; or (3) payment in the form of an annuity contract to be purchased from a qualified insurance carrier at the discretion of the Committee, which annuity contract shall be
distributed to such Participant as soon as administratively feasible, but no later than 90 days after the occurrence of a triggering event. 
  
 6.1.3.  Payments from Company of Trust Fund.    Payment of benefits under this Plan may be made either directly from the Company or from any Trust Fund established
by the Company, at the discretion of the Company. Payments from the Trust Fund shall offset the liability of the Company hereunder and payments directly by the Company shall offset the liability of any such Trust Fund. 
  
 6.2.  Events triggering distribution.    The occurrence of any of the following events may result in
a distribution of a Participant’s accrued benefit under the Plan: 
  
 6.2.1.  Death, disability, or
early or normal retirement.    The death of a Participant, termination of his employment with the Company by reason of total and permanent disability, or his attainment of early or normal retirement. Whether a
Participant’s termination of employment is due to total and permanent disability shall be determined by the Committee in good faith. 
  
 6.2.2.  Change of control.    Change of control or ownership of the Company as defined in this Section, shall mean (a) the purchase or other acquisition in one or more transactions other
than from the Company, by any individual, entity or group of persons, within the meaning of Section 13(d)(3) or 14(d) of the Securities Exchange Act of 1934 or any comparable successor provisions, of beneficial ownership (within the meaning of Rule
13d-3 of the Securities Exchange Act of 1934) of 50 percent or more of either the outstanding shares of common stock or the combined voting power of the Company’s parent company, Kelso Corporation’s then outstanding voting securities
entitled to vote generally; (b) the approval by the stockholders of the Company or Kelso Corporation of a reorganization, merger, or consolidation, in each case, with respect to which persons who were stockholders of the Company or Kelso Corporation
immediately prior to a such reorganization, merger or consolidation do not immediately 
  
 
TransDigm Inc. Executive Retirement Savings Plan 
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 thereafter own more than 50 percent of the combined voting power of the reorganized, merged or consolidated Company’s then outstanding
securities that are entitled to vote generally in the election of directors; or (c) the sale of substantially all of the Company’s assets. The Committee shall determinate whether a Change in Control shall result in a distribution of a
Participant’s accrued benefit under the Plan. 
  
 6.2.3.  Change in employment
status.    A change in a Participant’s employment status by reason of termination, voluntary or involuntary, or retirement from active employment with the Company, whether prior or subsequent to the Participant’s
attaining normal retirement age. 
  
 6.2.4.  Significant below-plan financial
performance.    The Company’s “earnings before interest and taxes” or “EBIT” falls 15% or more below Company established fiscal plan goals or targets for two consecutive fiscal quarters. At such point
in time, the Committee shall review all of the pertinent facts and circumstances surrounding the decrease in EBIT and shall in its sole discretion determine whether this is in the best interest of the Plan Participant that the accrued benefit be
paid. 
  
 6.2.5.  Filing of material litigation.    The filing of any state or
federal lawsuit alleging material damages against the Company that pose a real and substantial threat to the continued viable existence of the Company as an ongoing, profitable concern. The Committee shall have sole discretion in determining the
extent of the threat posed and potential damages thereunder. This provision shall apply regardless of whether the Company was named directly in the suit, named or joined as a class action or third-party defendant, or made subject to any cross-or
counter-claims under the applicable procedural rules of any state or federal jurisdiction. 
  
 6.2.6.  Unforeseeable emergency.    The occurrence of an unforeseeable emergency. In order to qualify as such, the emergency must constitute an unanticipated emergency caused by an event beyond
the control of the participant or beneficiary that would result in financial hardship to the individual if early withdrawal were not permitted. Specifically, unforeseeable emergency is financial hardship to the Participant resulting from a sudden
and unexpected illness or accident of the Participant or of a dependent of the Participant, loss of the Participant’s property due to casualty, or other similar circumstances arising as a result of events beyond the control of the Participant
as further defined in Treas. Reg. §1.457-2(h). The amount of any withdrawal or distribution under this Section is limited to that amount reasonably necessary to meet the emergency. 
  
 6.2.7.  Special Distribution.    A Participant or former Participant may demand payment of the adjusted current balance of his Salary
Deferral Account at any time. Such demand shall be in writing, signed by the Participant or former Participant, and submitted to the Committee and shall indicate the date of payment which shall not be earlier than an administratively reasonable
period of time following the date the demand is filed with the Committee. Such payment shall be in a single sum. The amount of the payment shall be ninety percent (90%) of the Participant’s or former Participant’s Account balance on the
date of distribution. The remaining ten percent (10%) shall be permanently forfeited. 
  
 
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 6.2.8.  Marginal tax rate increase.    The
proposal or enactment of any federal legislation that will increase the marginal individual income tax rates so that the deferral of income to future years will result in greater income tax liability when compared with current recognition of income.
Such determination of the likely effect of any proposed or enacted legislation shall be made by the Committee. 
  
 6.3.  Type of property to be distributed.    All distributions from the Plan to Participants and Beneficiaries are made in cash, unless the Participant has elected distribution in the form of an
annuity contract in which case the distribution shall be made in the form of such contract 
  
 6.4.  Manner of distribution to minors or incompetents.    If at any time any distributee is, in the judgment of the Committee, legally, physically or mentally incapable of receiving any
distribution due to him, the distribution may, if the Committee so directs, be made to the guardian or legal representative of the distributee, or, if none exists, to any other person or institution that, in the Committee’s judgment, will apply
the distribution in the best interests of the intended distributee. 
  
 6.5.  Election of Beneficiary

  
 6.5.1.  Designation or change of Beneficiary by Participant.    When an
Eligible Employee qualifies for participation in the Plan, the Committee will send him a Beneficiary designation form, on which he may designate one or more Beneficiaries and successor Beneficiaries. A Participant may change his Beneficiary
designation at any time by filing the prescribed form with the Committee. No Beneficiary has any rights under this Plan except as are provided by its terms. The rights of a Beneficiary who predeceases the Participant who designated him immediately
terminate, unless the Participant has specified otherwise. 
  
 6.5.2.  Beneficiary if no election is
made.    Unless a different Beneficiary has been elected in accordance with Section 6.5.1., the Beneficiary of any Participant who is lawfully married on the date of death is his surviving spouse. The Beneficiary of any other
Participant who dies without having designated a Beneficiary in his estate. 
  
 ARTICLE 7. 
  
 Amendment or Termination of the Plan 
  
 7.1.  Company’s right to amend Plan.    The Board of Directors may, at any time and from time to time, amend, in whole or in part, any of the provisions of
this Plan or may terminate it as a whole or with respect to any Participant or group of Participants. Any such amendment is binding upon all Participants and their Beneficiaries, the Trustee, the Committee and all other parties in interest. Such an
amendment shall be evidence by a written amendment to the Plan, executed by two executive officers of the Company. 
  
 
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 7.2.  When amendments take effect.    A
resolution amending or terminating the Plan becomes effective as of the date specified therein which date shall be set forth in the written amendment. 
  
 7.3.  Restriction on retroactive amendments.    No amendment may be made that retroactively deprives a Participant of any benefits accrued before the date of the
Board’s action amending the Plan. 
  
 ARTICLE 8. 
  
 Plan Administration 
  
 8.1.  The Administrative Committee.    The Plan shall be administered by the Committee consisting of one or more persons appointed by the Board of Directors. The board may remove any member of the
Committee at any time, with or without cause, and may fill any vacancy. If a vacancy occurs, the remaining member or members of the Committee have full authority to act. The Board is responsible for transmitting to the Trustee the names and
authorized signatures of the members of the Committee and, as changes take place in membership, the names and signatures of new members. Any member of the Committee may resign by delivering his written resignation to the Board, the Trustee and the
Committee. Any such resignation becomes effective upon its receipt by the Board or on such other date as is agreed to by the Board and the resigning member. The Committee acts by a majority of its members at the time in office and may take action
either by vote at a meeting or by consent in writing without a meeting. The Committee may adopt such rules and appoint such subcommittees as it deems desirable for the conduct of its affairs and the administration of the Plan. In the event the Board
does not name a Committee, the Board of Directors shall act as the Committee. 
  
 8.2.  Powers of the
Committee.    In carrying out its duties with respect to the general administration of the Plan, the Committee has, in addition to any other powers conferred by the Plan or by law, the following powers: 

 
 (a)  to determine all questions relating to eligibility to participate in the Plan other than the selection of
Eligible Employees which shall be done by the Board of Directors subject to the limitations of the Plan; 
  
 (b)  to compute and certify to the Trustee the amount and kind of distributions payable to Participants and their Beneficiaries; 
  
 (c)  to maintain all records necessary for the administration of the Plan that are not maintained by the Company or the Trustee; 
  
 (d)  to interpret the provisions of the Plan and to make and publish such rules for the administration of the Plan which are not inconsistent with the terms
thereof; 
  
 
TransDigm Inc. Executive Retirement Savings Plan 
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 (e)  to establish and modify the method of accounting for the Plan or
the Trust; 
  
 (f)  to employ counsel, accountants and other consultants to aid in exercising its powers
and carrying out its duties hereunder; and 
  
 (g)  to perform any other acts necessary and proper for the
administration of the Plan, except those that are to be performed by the Trustee. 
  
 8.3.  Indemnification. 
  
 8.3.1.  Indemnification of members of the
Committee and others by the Company.    The Company agrees to indemnify and hold harmless each member of the Committee, or other individual employee of the Company or an affiliate in the administration of this Plan, against
any and all expenses and liabilities arising out of his action or failure to act in such capacity, excepting only expenses and liabilities arising out of his own willful misconduct or gross negligence. This right of indemnification is in addition to
any other rights to which any member of the Committee or such other individual employee may be entitled. 
  
 8.3.2.  Liabilities for which member of the Committee and others are indemnified.    Liabilities and expenses against which a member of the Committee, or other individual employee of the Company
or an affiliate in the administration of this Plan, is indemnified hereunder included, without limitation, the amount of any settlement or judgment, costs, counsel fees and related charges reasonably incurred in connection with a claim asserted or a
proceeding brought against him or the settlement thereof. 
  
 8.3.3.  Company’s right to settle
claims.    The Company may, at its own expense, settle any claim asserted or proceeding brought against any member of the Committee, or other individual employee of the Company or an affiliate in the administration of this
Plan, when such settlement appears to be in the best interests of the Company. 
  
 8.4.  Claims
procedure.    If a dispute arises between the Committee and a Participant of Beneficiary over the amount of benefits payable under the Plan, the Participant of Beneficiary may file a claim for benefits by notifying the
Committee in writing of his claim. The Committee will review and adjudicate the claim. If the claimant and the Committee are unable to reach a mutually satisfactory resolution of the dispute, it will be submitted to arbitration under the rules of
the American Arbitration Association. Each Participant agrees, by the execution of a Salary Reduction Agreement, that arbitration will be the first means of resolving disputes arising under the Plan. 
  
 8.5.  Expenses of the Committee.    The members of the Committee serve without compensation for
services. All expenses of the Committee are paid by the Company. 
  
 
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Executive Retirement Savings Plan 
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 ARTICLE 9. 
  
 Miscellaneous 
  
 9.1.  Plan
not a contract of employment.    The adoption and maintenance of the Plan does not constitute a contract between the Company and any Participant or to be a consideration for the employment of any person. Nothing herein
contained give any Participant the right to be retained in the employ of the Company or derogates from the right of the Company to discharge any Participant at any time without regard to the effect of such discharge upon his rights as a Participant
in the Plan. 
  
 9.2.  No rights under Plan except as set forth
herein.    Nothing in this Plan, express or implied, is intended, or shall be construed, to confer upon or give to any person, firm, association, or corporation, other than the parties hereto and their successors in interest,
any right, remedy, or claim under or by reason of this Plan or any covenant, condition, or stipulation hereof, and all covenants, conditions and stipulation in this Plan, by or on behalf of any party, are for the sole and exclusive benefit of the
parties hereto. 
  
 IN WITNESS WHEREOF, TransDigm Inc. has caused this Plan to be executed by its duly authorized officers this 23rd day of
December 1996. 
  
 
	 TransDigm Inc.
 (the “Company”)
 
	 
	 By:
 	 	  
 

	 
	 And:
 	 	  
 

 
  
 
TransDigm Inc. Executive Retirement
Savings Plan 
 Page 121994 Stock Incentive Plan of TransDigm Holding

 Exhibit 10.10 
  
  
 TRANSDIGM HOLDING COMPANY 
 1994 STOCK INCENTIVE PLAN 
  
 SECTION 1. 
  
 PURPOSE 
  
          The purpose of the Plan is
to foster and promote the long-term financial success of the Company and materially increase shareholder value by (a) motivating superior performance by means of performance-related incentives, (b) encouraging and providing for the
acquisition of an ownership interest in the Company by Employees, and (c) enabling the Company to attract and retain the services of an outstanding management team upon whose judgment, interest, and special effort the successful conduct of
its operations is largely dependent. 
  
  
 SECTION 2. 
  
 DEFINITIONS 
  
          2.1. Definitions.    Whenever used herein, the following terms shall have the respective meanings set forth below: - 
  
 (a) “Act” means the Securities Exchange Act of 1934, as amended. 
  
 (b) “Adjustment Event” shall mean any stock dividend, stock split or share combination of, or extraordinary cash
dividend on, the Common Stock or recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase Common Stock at a price substantially below Fair Market Value, or
other similar event affecting the common stock of the Company. 
  
 (c) “Board” means the
Board of Directors of the Company. 
  
 (d) “Cause” means (i) the continued failure,
after written notice, by a Participant substantially to perform his duties and responsibilities as an officer or employee of the Company or any of its Subsidiaries 

  
 (other than any such failure resulting from incapacity due to reasonably
documented physical or mental illness) or (ii) the engaging by such Participant in serious misconduct which is material to the performance by such Participant of his duties and obligations for the Company or any of its Subsidiaries,
including, without limitation, the disclosure of material secret or confidential information of the Company or any Subsidiary. 
  
 (e) “Change of Control” means a transaction or series of transactions (other than a Public Offering) whereby any “person” including a “group” (as such terms are used in
Sections 13(d) and 14(d)(2) of the Act, but excluding the Company, any of its Subsidiaries, any employee benefit plan of the Company or any of its Subsidiaries, Kelso and its affiliates, is or becomes the “beneficial owner” (as defined in
Rule 13(d)(3) under the Act), directly or indirectly, of securities of the Company representing the greater of 50% or more of the combined voting power-of the Company’s then outstanding securities; 
  
 (f) “Change in Control Price” means the highest price per share of Common Stock offered in conjunction with any
transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash). 
  
 (g) “Code” means the Internal Revenue Code of 1986, as amended. 
  
 (h) “Committee” means the Compensation Committee of the Board (or such other committee of the Board that the Board shall designate), which shall
consist of two or more members, each of whom shall be “disinterested persons” within the meaning of Rule 16b-3, as promulgated under the Act and serving at the pleasure of the Board. 
  

(i) “Common Stock” means the common stock of the Company, par value $0.01 per share. 
  

(j) “Company” means TransDigm Holding Company, a Delaware corporation, and any successor thereto. 

 
 2 

  
 (k) “Disability” means the inability of a Participant
to perform his duties and responsibilities as an officer or employee of the Company or any of its Subsidiaries on a full-time basis for more than six months within any 12-month period because of a physical, mental or emotional incapacity resulting
from injury, sickness or disease. 
  
 (1) “Employee” means any officer or other key
employee of the Company or any of its Subsidiaries. 
  
 (m) “Fair Market Value” means, if
no Public offering has occurred, the fair market value of a share of common Stock as determined in accordance with the stockholders’ Agreement. Following a Public Offering, the Fair Market Value, on any date, shall mean the average of the
highest and lowest sales price reported for such day on a national exchange or the average of the highest and lowest bid and asked prices on such date as reported on a nationally recognized system of price quotation. In the event that there are no
Common Stock transactions reported on such exchange or system on such date, Fair Market Value shall mean the closing price on the immediately preceding date on which Common Stock transactions were so reported. 
  
 (n) “Kelso” means Kelso Investment Associates IV, L.P. and Kelso Equity Partners II L.P. 

 
 (o) “Option” means the right to purchase Common stock at a stated price for a specified period of
time. For purposes of the Plan, an Option may be either (i) an “Incentive Stock Option” within the meaning of Section 422 of the Code or (ii) an Option which is not an Incentive Stock Option (a “Non-Qualified Stock
Option”). 
  
 (p) “Participant” means any Employee designated by the Committee to
receive an Incentive Award under the Plan. 
  
 (q) “Plan” means the TransDigm Inc. 1994
Stock Incentive Plan, as set forth herein and as the same may be amended from time to time. 
  
 (r)
“Public Offering” means the Company’s offering Common Stock to the general public through a registration statement filed with the Securities and 

 
 3 

  
 Exchange Commission that covers (together with prior effective registrations) not
less than 25% of the then outstanding shares of Common Stock on a fully diluted basis. 
  
 (s)
“Retirement” means termination of a Participant’s employment on or after the date the participant attains age 65 or such earlier date as the Committee may permit, either as to all Participants or as to any Participant. 

 
 (t) “Stockholders Agreement” means the Stockholders’ Agreement, dated as of January 25, 1994
among the Company; Kelso Investment Associates IV, L.P.; Kelso Partners IV, L.P.; Kelso Equity Partners II, L.P.; and those employees of TransDigm Inc. listed on Schedule A thereto, as currently in effect and as may be amended from time to time.

  
 (u) “Subsidiary” means any corporation or partnership in which the Company owns,
directly or indirectly, 50% or more of the total combined voting power of all classes of stock of such corporation or of the capital interest or profits interest of such partnership. 
  
          2.2. Gender and Number. Except when otherwise indicated by the context, words in the masculine gender used in
the Plan shall include the feminine gender, the singular shall include the plural, and the plural shall include the singular. 
  
  
 SECTION 3. 
  
 ELIGIBILITY AND PARTICIPATION 

 
          Participants in the Plan shall be those Employees selected by the
Committee to participate in the Plan. 
  
  
 SECTION 4. 
  
 ELIGIBILITY AND PARTICIPATION 
  
 4.1. Power to Grant and Establish Terms of Options. The Committee shall have the authority, subject to the terms of the Plan, to determine the Employees to whom 

 
 4 

 Options shall be granted and the terms and conditions of any and all Options, including but not limited to the number of shares of Common Stock
to be covered by each Option, the time or times at which Options shall be granted, and the terms and provisions of the instruments by which Options shall be evidenced and to designate Options as Incentive Stock Options or Non-Qualified Stock
Options. The proper officers of the Company may suggest to the Committee the Participants who should receive Options. The terms and conditions of each Option grant shall be determined by the Committee at the time of grant, and such terms and
conditions shall not be subsequently changed in a manner which would be adverse to the Participant without the consent of the Participant to whom such Option has been granted. The Committee may establish different terms and conditions for different
Participants receiving Options and for the same Participant for each Option such Participant may receive, whether or not granted at different times. The grant of any Option to any Employee shall neither entitle such Employee to, nor disqualify him
from, the grant of any other Options. 
  
 4.2. Substitute Options. The Committee shall have the right, subject
to the consent of Participants to whom Options have been granted, to grant in substitution for outstanding Options, replacement Options which may contain terms more favorable to the Participant than the Options they replace, including, without
limitation, a lower exercise price (subject to Section 6.2), and to cancel replaced Options. 
  
 4.3.
Administration. The Committee shall be responsible for the administration of the Plan. Any Options granted by the Committee may be subject to such conditions, not inconsistent with the terms of the Plan, as the Committee shall determine. The
Committee, by majority action thereof, is authorized to prescribe, amend and rescind rules and regulations relating to the Plan, to provide for conditions deemed necessary or advisable to protect the interests of the Company to interpret the Plan
and to make all other determinations necessary or advisable for the administration and interpretation of the Plan to carry out its provisions and purposes. Determinations, interpretations or other actions made or taken by the Committee pursuant to
the provisions of the Plan shall be final, binding and conclusive for all purposes and upon all 

 
 5 

  
 persons. The Committee may consult with legal counsel, who may be counsel to the Company, and shall not
incur any liability for any action taken in good faith in reliance upon the advice of counsel. 
  
 SECTION 5.

  
 STOCK SUBJECT TO PLAN 
  
 5.1. Number. Subject to the provisions of Section 5.3, the number of shares of Common Stock subject to options under the Plan may not exceed 37,500 shares of Common Stock. The shares to be
delivered under the Plan may consist, in whole or in part, of Common Stock held in treasury or authorized but unissued Common Stock, not reserved for any other purpose. 
  
 5.2. Cancelled, Terminated, or Forfeited Awards. Any shares of Common Stock subject to an Option which for any reason expires, or is cancelled, terminated or
otherwise settled without the issuance of any Common Stock shall again be available under the Plan. 
  
 5.3.
Adjustment in Capitalization. The aggregate number of shares of Common Stock available for grants of options under Section 5.1 or subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding
Options shall be proportionately adjusted to reflect, as deemed equitable and appropriate by the Committee, an Adjustment Event: provided that in no event shall any adjustment be made by reason of the exercise of warrants attached to
the Senior Subordinated Notes due in the year 2000. To the extent deemed equitable and appropriate by the Committee, subject to any required action by stockholders, in any merger, consolidation, reorganization, liquidation, dissolution, or other
similar transaction, any Option granted under the Plan shall pertain to the securities and other property to which a holder of the number of shares of Common Stock covered by the Option would have been entitled to receive in connection with such
event. 

 
 6 

  
 SECTION 6. 
  
 STOCK OPTIONS 
  
 6.1. Grant of
Options. Options may be granted to Participants at such time or times as shall be determined by the Committee. Options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options, except that no
Incentive Stock Option may be granted to any Employee of a Subsidiary which is not a corporation. The date of grant of an Option under the Plan will be the date on which the Option is awarded by the Committee or, if so determined by the Committee,
the date on which occurs any event the occurrence of which is an express condition precedent to the grant of the Option. The Committee shall determine the number of Options, if any, to be granted to a Participant. Each Option shall be evidenced by
an Option agreement that shall specify the type of Option granted, the exercise price, the duration of the Option, the number of shares of Common Stock to which the Option pertains, and such other terms and conditions not inconsistent with the Plan
as the Committee shall determine. 
  
 6.2. Option Price. Non-Qualified Stock Options and Incentive Stock
Options granted pursuant to the Plan shall have an exercise price which is not less than the Fair Market Value on the date the Option is granted. 
  
 6.3. Exercise of Options. Options awarded to a Participant under the Plan shall be exercisable at such times and shall be subject to such restrictions and conditions including the performance of
a minimum period of service or the satisfaction of performance goals, as the Committee may impose either at or after the time of grant of such Options, subject to the Committee’s right to accelerate the exercisability of such Option in its
discretion. Notwithstanding the foregoing, no Option shall be exercisable for more than 10 years after the date on which it is granted. Except as may be provided in any provision approved by the Committee pursuant to this Section 6.3, after becoming
exercisable each installment shall remain exercisable until expiration, termination or cancellation of the Option. An Option may be exercised from time to time, in whole or in part, up to the total number of shares of Common Stock with respect to
which it is then exercisable. 

 
 7 

  
 6.4. Payment. The Committee shall establish procedures governing the
exercise of Options, which shall require that written notice of exercise be given and that the Option price be paid in full at the time of exercise (i) in cash or cash equivalents, (ii) in shares of Common Stock which have been owned by the
Participant for at least six months’ (or such greater or lesser period as the Committee shall determine) having a Fair Market Value on the date of exercise equal to such Option price or in a combination of cash and Common Stock or (iii) in
accordance with such procedures or in such other form as the Committee shall from time to time determine. As soon as practicable after receipt of a written exercise notice and payment of the exercise price in accordance with this Section 6.4, the
Company shall deliver to the Participant a certificate or certificates representing the acquired shares of Common stock. 
  
 6.5. Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority
granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the Code, or, without the consent of any Participant affected thereby, to cause any Incentive Stock Option previously granted to fail to qualify for the
Federal income tax treatment afforded under Section 421 of the Code. 
  
 6.6. Buyout. The Committee may at any
time offer to buy out for a payment in cash any Option previously granted, based on such terms and conditions as the Committee shall establish and communicate to the optionee at the time such offer is made. 
  
 6.7. Settlement. At the time a Participant exercises an Option in lieu of accepting payment of the exercise price of the Option and
delivering the number of shares of Common Stock for which the Option is being exercised, the Committee may direct that the Company either (i) pay the Participant a cash amount, or (ii) issue a lesser number of shares of Common Stock having a Fair
Market Value on the date of exercise, equal to the amount, if any, by which the aggregate Fair Market Value of the shares of Common Stock as to which the Option is being exercised exceeds the aggregate exercise price for such shares, based on such
term and conditions as the Committee shall 

 
 8 

 establish. Without limiting the generality of the foregoing, at any time prior to a Public Offering, the Committee may provide that any such
settlement may take into account the length of time that has transpired since the date as of which any prior valuation of the Common Stock was conducted and may determine Fair Market Value in such circumstances based on the weighted average of the
value of the common Stock as of more than one date. 
  
 6.8. Termination of Employment Due to Retirement.
Unless otherwise determined by the Comittee at the time of grant, in the event a Participant’s employment with the Company or a Subsidiary terminates by reason of Retirement, any Options granted to such Participant which are then outstanding
(whether or not exercisable prior to the date of such termination) may be exercised at any time prior to one (1) year following the Participant’s termination of employment or the expiration of the term of the Options, whichever period is
shorter. 
  
 6.9. Termintation of Employment Due to Death or Disability. Unless otherwise determined by the
Committee at the time of grant, in the event a Participant’s employment with the Company or a Subsidiary terminates by reason of death or Disability, any Options granted to such Participant which are then outstanding (whether or not exercisable
prior to the date of such termination) may be exercised by the Participant or the Participant’s designated beneficiary, and if none is named, in accordance with Section 9.2, at any time prior to one (1) year following the Participant’s
termination of employment or the expiration date of the term of the Options, whichever period is shorter. Notwithstanding anything else contained heiein to the contrary, a Participant’s employment may only be terminated due to Disability if
such Participant shall not have returned to the full-time performance of his duties, responsibilities and obligations within 30 days after such Participant has received written notice of the intent to terminate his employment. 

 
 6.10. Termination of Employment For Cause. Unless otherwise determined by the Committee at the time of grant, in the
event a Participant’s employment with the Company or a Subsidiary is teminated for Cause, all Options granted to such Participant which are then outstanding (whether or not exercisable prior to the date of such termination) shall be forfeited.

 
 9 

  
 6.11. Termination of Employment for Any Other Reason. Unless otherwise
determined by the Committee at or after the of grant, in the event the Participant’s employment with the Company or a Subsidiary terminate for any reason other than one described in Section 6.8, 6.9 or 6.10, any Options granted to such
Participant which are exercisable at the date of the Participant’s termination of employment shall be exercisable at any time prior to 60 days following the Participant’s termination of employment or the expiration of the term of such
Options, whichever period is shorter. 
  
 6.12. Committee Discretion. Notwithstanding anything else contained
in this Section 6 to the contrary, the Committee may permit all or any portion of any Options to be exercised following a Participant’s termination of employment for any reason on such terms and subject to such conditions as the Committee shall
determine for a period up to and including, but not beyond, the expiration of the term of such Options. 
  
 SECTION 7.

  
 CHANGE IN CONTROL 
  
 7.1. Accelerated Vesting and Payment. Unless otherwise determined by the Committee at the time of grant, in the event of a Change in Control, each Option shall be cancelled in exchange for a
payment in cash of an amount equal to the excess of the Change in Control Price over the exercise price for such Option (except as provided in Section 7.2 below). 
  
 7.2. Alternative Awards. Notwithstanding Section 7.1, no cancellation, cash settlement or other payment shall occur with respect to any Option if the Committee
reasonably determines in good faith prior to the occurrence of a Change in Control that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted award hereinafter called an “Alternative
Award”), by a Participant’s employer (or the parent or a subsidiary of such employer) immediately following the Change in Control, provided that any such Alternative Award must: 
  
 (i) provide such Participant (or each Participant in a class of Participants) with rights and 

 
 10 

 entitlements substantially equivalent to or better than the rights, terms and conditions applicable under such Option,
including, but not limited to, an identical or better exercise or vesting schedule and identical or better timing and methods of payment; 
  
 (ii) have substantially equivalent economic value to such Option (determined at the time of the Change in Control); 
  
 (iii) have terms and conditions which provide that in the event that the Participant’s employment is involuntarily terminated or constructively
terminated, any conditions on a Participant’s rights under, or any restrictions on transfer or exercisability applicable to, each such Alternative Award shall be waived or shall lapse, as the case may be. 
  
 For this purpose, a constructive termination shall mean a termination by a Participant following a material reduction in the Participant’s compensation or a
material reduction in the Participant’s responsibilities, in each case without the Participant’s written consent. 
  
  
 SECTION 8. 
  
 AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN

  
 The Board may at any time terminate or suspend the Plan, and from time to time may amend or modify the Plan.
No action of the Board may, without the consent of a Participant alter or impair his rights under any previously granted Option. 
  
  
 SECTION 9. 
  
 MISCELLANEOUS PROVISIONS 

 
 9.1. Nontransferability of Awards. Unless the Committee shall permit (on such terms and conditions as it shall
establish) an Option to be transferred to a Permitted Transferee (as such term is defined in Section 1.1 of the Stockholders Agreement), no option granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution. All rights with respect to any 

 
 11 

  
 option granted to a Participant under the Plan shall be exercisable during his lifetime only by such
Participant or, if applicable, a Permitted Transferee. 
  
 9.2. Beneficiary Designation. Each Participant
under the Plan may from time to time name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under the Plan is to be paid or by whom any right under the Plan is to be exercised in case of his death.
Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant in writing with the Committee during his lifetime. In the absence
of any such designation, benefits remaining unpaid or Options outstanding at the Participant’s death shall be paid to or exercised by the Participant’s surviving spouse, if any, or otherwise to or by his estate. 
  
 9.3. No Guarantee of Employment or Participation. Nothing in the Plan shall interfere with or limit in any way the right of the
Company or any Subsidiary to terminate any Participant’s employment at any time, nor confer upon any Participant any right to continue in the employ of the Company or any Subsidiary or affiliate. No Employee shall have a right to be selected as
a Participant, or, having been so selected, to receive any future Option grants. 
  
 9.4. Tax Withholding. The
Company shall have the power to withhold, or require a Participant to remit to the Company promptly upon notification of the amount due, an amount sufficient to satisfy Federal, state and local withholding tax requirements on with respect to any
Option, and the Company may defer payment of cash or issuance or delivery of Common Stock until such requirements are satisfied. 
  
 9.5. Indemnification. Each person who is or shall have been a member of the Committee or of the Board shall be indemnified and held harmless by the Company against and from any loss, cost, liability, or expense that may be
imposed upon or reasonably incurred by him in connection with or resulting from any claim, action, suit, or proceeding to which he may be made a party or in which he may be involved by reason of any action taken or failure to act under the Plan and
against and from any and all amounts paid by him in settlement thereof, with the Company’s approval, or paid by him in satisfaction of any judgment in 

 
 12 

 any such action, suit, or proceeding against him, provided he shall give the Company an opportunity, at its own expense, to handle and defend
the same before he undertakes to handle and defend it on his own behalf. The foregoing right of indemnification shall not be exclusive and shall be independent of any other rights of indemnification to which such persons may be entitled under the
Company’s Articles of Incorporation or By-laws, by contract, as a matter of law, or otherwise. 
  
 9.6. No
Limitation on Compensation. Nothing in the Plan shall be construed to limit the right of the Company to establish other plans or to pay compensation to its employees in cash or property, in a manner which is not expressly authorized under the
Plan. 
  
  
 9.7. Requirements of Law. The granting of Options and the
issuance of shares of Common Stock shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
  
 9.8. Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the
State of Delaware. 
  
 9.9. No Impact On Benefits. Options granted under the Plan are not compensation for
purposes of calculating an Employee’s rights under any employee benefit plan. 
  
 9.10. Securities Law
Compliance. Instruments evidencing the grant of Options may contain such other provisions, not inconsistent with the Plan, as the Committee deems advisable, including a requirement that the Participant represent to the Company in writing, when
he receives shares upon exercise of an Option (or at such other time as the Committee deems appropriate) that he is acquiring such shares (unless they are then covered by a Securities Act of 1933 registration statement), for his own account for
investment only and with no present intention to transfer, sell or otherwise dispose of such shares except such disposition by a legal representative as shall be required by will or the laws of any jurisdiction in winding up the estate of the
Participant. Such shares shall be transferable only if the proposed transfer shall be permissible pursuant to the Plan and if, in the opinion of counsel satisfactory to the Company, such transfer at such time will be in compliance with applicable
securities laws. 

 
 13 

  
 9.11. Term of Plan. This Plan shall be effective as of May
[        ], 1994, subject to approval by the holders of the Common Stock. This Plan shall expire on May [        ], 2004 (except as to Incentive Awards
outstanding on that date), unless sooner terminated pursuant to Section 8 of the Plan. 

 
 14

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