Document:

Ex_1030

		
			Exhibit 10.30
		

		
			 
		

		
			 
		

		
			BE AEROSPACE, INC. 2005 LONG-TERM INCENTIVE PLAN   
		

		
			RESTRICTED STOCK AWARD AGREEMENT
		

		
			   
		

		
			 THIS RESTRICTED STOCK AWARD AGREEMENT (the “Award Agreement”) is made effective as of ___________________ (the “Date of Grant”) between B/E Aerospace, Inc., a Delaware corporation (the “Company”), and Amin J. Khoury (the “Participant”).  Capitalized terms not otherwise defined herein shall have the same meanings as in the BE Aerospace, Inc. 2005 Long-Term Incentive Plan (the “Plan”). 
		

		
			   
		

		
			WHEREAS, the Company desires to grant the Restricted Stock provided for herein to the Participant pursuant to the Plan and the terms and conditions set forth herein; 
		

		
			   
		

		
			NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
		

		
			   
		

		
			1.    Grant of the Award.  Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of ______________ restricted shares of Common Stock (the “Restricted Stock”), subject to adjustment as set forth in the Plan.  Seventy-five percent (75%) of the Restricted Stock shall be subject to time-based vesting (“Time-Based Restricted Stock”) and twenty-five percent (25%) of the Restricted Stock shall be subject to performance-based vesting (“Performance-Based Restricted Stock”). 
		

		
			   
		

		
			2.    Incorporation of Plan.  The Participant acknowledges receipt of the Plan, a copy of which is attached hereto and represents that he is familiar with its terms and provisions.  This Award Agreement and the Restricted Stock shall be subject to the Plan, the terms of which are incorporated herein by reference, and in the event of any conflict or inconsistency between the Plan and this Award Agreement, the Plan shall govern.  Defined terms used herein without definition shall have the meanings ascribed thereto in the Plan. 
		

		
			   
		

		
			3.    Vesting Schedule.  Subject to the terms and conditions hereof, the Participant shall vest in the Restricted Stock as follows, unless previously vested or canceled in accordance with the provisions of the Plan or this Award Agreement: 
		

		
			   
		

		
			(a)    Time-Based Restricted Stock.  On each of the first, second and third anniversaries of the Date of Grant, thirty-three and one-third percent (33 1/3%) of the Time-Based Restricted Stock shall vest and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7.
		

		
			   
		

		
			(b)    Performance-Based Restricted Stock.  For each twelve (12)-month period ending December 31, _____,  _____ and _____, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”).  Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 
		

		 

		

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		31, _____ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7:  
		

		
			   
		

		
			(i)    If the Company achieves or exceeds ninety percent (90%) of the Total Performance Target, one hundred percent (100%) of the Performance-Based Restricted Stock shall vest on the fourth anniversary of the Date of Grant (the “Performance Vesting Date”).  
		

		
			   
		

		
			(ii)    If the Company achieves over eighty-five percent (85%) but less than ninety percent (90%) of the Total Performance Target, between fifty percent (50%) and one hundred percent (100%) of the Performance-Based Restricted Stock (as determined on the basis of linear interpolation) shall vest on the Performance Vesting Date.  
		

		
			   
		

		
			(iii)    If the Company achieves eighty-five percent (85%) of the Total Performance Target, fifty percent (50%) of the Performance-Based Restricted Stock shall vest on the Performance Vesting Date.  
		

		
			   
		

		
			(iv)    If the Company achieves over eighty percent (80%) but less than eighty-five percent (85%) of the Total Performance Target, between twenty-five percent (25%) and fifty percent (50%) of the Performance-Based Restricted Stock (as determined on the basis of linear interpolation) shall vest on the Performance Vesting Date. 
		

		
			 
		

		
			(v)If the Company achieves less than eighty percent (80%) of the Total Performance Target, the Participant forfeits the amount of Performance-Based Restricted Stock that would have vested on the Performance Vesting Date.
		

		
			   
		

		
			The applicable Annual Performance Targets shall be established by the Committee in writing no later than 90 days after the commencement of each applicable year during the Performance Period for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended and the regulations and guidance promulgated thereunder (the “Code”).   
		

		
			4.    Resignation without Good Reason.  In the event that prior to the vesting of all shares of restricted stock hereunder, the Participant resigns his employment without Good Reason and does not render (or ceases rendering) Consulting Services (each as defined in the employment agreement between the Company and the Participant dated September 15, 2014 (the “Employment Agreement”)), all unvested shares of restricted stock shall be cancelled immediately without consideration as of the date of such termination. 
		

		
			   
		

		
			5.    Death; Incapacity; Termination by the Company; Resignation for Good Reason.  In the event that prior to the vesting of all shares of restricted stock hereunder, the Participant’s employment is terminated (i) due to the Participant’s death or Incapacity (as defined in the Employment Agreement), (ii) by the Company for any reason or (iii) by the Participant for Good Reason (as defined in the Employment Agreement), all of the unvested shares of restricted stock 
		

		 

		

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		shall vest immediately and shall no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7. 
		

		
			   
		

		
			6.    Change in Control.  Upon a Change in Control prior to the vesting of all shares of Restricted Stock hereunder, all of the unvested shares of Restricted Stock shall vest immediately and shall no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7. 
		

		
			   
		

		
			7.    Nontransferability of Restricted Stock.  Unless otherwise determined by the Committee, the Restricted Stock may not be transferred, pledged, alienated, assigned or otherwise attorned other than by last will and testament or by the laws of descent and distribution or pursuant to a domestic relations order, as the case may be; provided, however , that the Committee may, subject to such terms and conditions as it shall specify, permit the transfer of the Restricted Stock, including, without limitation, for no consideration to a charitable institution or a Permitted Transferee. Any shares of Restricted Stock transferred to a charitable institution may not be further transferable without the Committee’s approval and any shares of Restricted Stock transferred to a Permitted Transferee shall be further transferable only by last will and testament or the laws of descent and distribution or, for no consideration, to another Permitted Transferee of the Participant. 
		

		
			   
		

		
			8.    Rights as a Stockholder.  The Participant shall have, with respect to the Restricted Stock, all the rights of a stockholder of the Company, including, if applicable, the right to vote the Restricted Stock and to receive any dividends or other distributions, subject to the restrictions set forth in the Plan and this Award Agreement. 
		

		
			   
		

		
			9.    Dividends and Distributions.  Any cash, Common Stock or other securities of the Company or other consideration received by the Participant as a result of a distribution to holders of Restricted Stock or as a dividend on the Restricted Stock shall be subject to the same restrictions as the Restricted Stock, and all references to Restricted Stock hereunder shall be deemed to include such cash, Common Stock or other securities or consideration. 
		

		
			   
		

		
			10.    Legend on Certificates.  The Committee may cause a legend or legends to be put on certificates representing the Common Stock underlying the Restricted Stock to make appropriate reference to such restrictions as the Committee may deem advisable under the Plan or as may be required by the rules, regulations, and other requirements of the Securities and Exchange Commission, any exchange that lists the Common Stock, and any applicable federal or state laws. 
		

		
			   
		

		
			11.    Conditions to Delivery of Common Stock Certificates.  The Company shall not be required to deliver any certificate or certificates for shares of Common Stock pursuant to this Agreement prior to fulfillment of all of the following conditions: 
		

		
			   
		

		
			(a)    The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee determines to be necessary or advisable; and 
		

		
			   
		

		
			(b)    The lapse of such reasonable period of time as the Committee may from time to time establish for reasons of administrative convenience. 
		

		

		

		 

		

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			12. Physical Custody.  The Restricted Stock may be issued in certificate form or electronically in “book entry”.  The Secretary of the Company or such other representative as the Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions imposed under this Award Agreement with respect to the shares evidenced by such certificate expire or are removed.  In no event shall the Participant retain physical custody of any certificates representing unvested Restricted Stock assigned to Participant. 
		

		
			   
		

		
			13.    No Entitlements. 
		

		
			   
		

		
			(a)    No Right to Continued Employment.  This award is not an employment agreement, and nothing in this Award Agreement or the Plan shall (i) alter the Participant’s status as an “at-will” employee of the Company,  subject to the terms of any applicable employment agreement, (ii) be construed as guaranteeing the Participant’s employment by the Company or as giving the Participant any right to continue in the employ of the Company during any period (including without limitation the period between the Date Of Grant and the applicable vesting date in accordance with Section 3) or (iii) be construed as giving the Participant any right to be reemployed by the Company following any termination of Employment. 
		

		
			   
		

		
			(b)    No Right to Future Awards.  This award of Restricted Stock and all other equity-based awards under the Plan are discretionary.  This award does not confer on the Participant any right or entitlement to receive another award of Restricted Stock or any other equity-based award at any time in the future or in respect of any future period. 
		

		
			   
		

		
			(c)    No Effect on Future Employment Compensation.  The Company has made this award of Restricted Stock to the Participant in its sole discretion.  This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation.  In addition, this award of Restricted Stock is not part of the Participant’s base salary or wages and will not be taken into account in determining any other employment-related rights the Participant may have, such as rights to pension or severance pay. 
		

		
			   
		

		
			14.    Taxes and Withholding.  No later than the date as of which an amount with respect to the Restricted Stock first becomes includable in the gross income of the Participant for applicable income tax purposes, the Participant shall pay to the Company or make arrangements satisfactory to the Committee regarding payment of any federal, state or local taxes of any kind required by law to be withheld with respect to such amount.  Unless otherwise determined by the Committee, in accordance with rules and procedures established by the Committee, the minimum required withholding obligations may be settled in Common Stock, including Common Stock that is part of the award that gives rise to the withholding requirement.  The obligations of the Company to deliver the certificates for shares of Common Stock under this Award Agreement shall be conditional upon such payment or arrangements and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant, including, without limitation, by withholding shares of Common Stock to be delivered upon vesting. 
		

		
			   
		

		

		

		 

		

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		15.    Section 83(b) Election.  If, within 30 days of the Date of Grant, the Participant makes an election under Section 83(b) of the Code, or any successor section thereto, to be taxed with respect to all or any portion of the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the Participant shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service. 
		

		
			   
		

		
			16.    Securities Laws.  In connection with the grant or vesting of the Restricted Stock the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Award Agreement. 
		

		
			   
		

		
			17.    Miscellaneous Provisions. 
		

		
			   
		

		
			(a)    Notices.  Any notice necessary under this Award Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other.  Notwithstanding the foregoing, the Company may deliver notices to the Participant by means of email or other electronic means that are generally used for employee communications.  Any such notice shall be deemed effective upon receipt thereof by the addressee. 
		

		
			   
		

		
			(b)    Headings.  The headings of sections and subsections are included solely for convenience of reference and shall not affect the meaning of the provisions of this Award Agreement. 
		

		
			   
		

		
			(c)    Counterparts.  This Award Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
		

		
			   
		

		
			(d)    Entire Agreement.  This Award Agreement and the Plan constitute the entire agreement between the parties hereto with regard to the subject matter hereof.  They supersede all other agreements, representations or understandings (whether oral or written and whether express or implied) that relate to the subject matter hereof. 
		

		
			   
		

		
			(e)    Amendments.  The Board or the Committee shall have the power to alter, amend, modify or terminate the Plan or this Award Agreement at any time; provided, however, that no such termination, amendment or modification may adversely affect, in any material respect, the Participant’s rights under this Award Agreement without the Participant’s consent.    Notwithstanding the foregoing, the Company shall have broad authority to amend this Award Agreement without the consent of the Participant to the extent it deems necessary or desirable (i) to comply with or take into account changes in or interpretations of, applicable tax laws, securities laws, employment laws, accounting rules and other applicable laws, rules and regulations, (ii) to ensure that the Restricted Stock is not subject to taxes, interest and penalties under Section 409A of the Code, (iii) to take into account unusual or nonrecurring events or market conditions, or (iv) to take into account significant 
		

		 

		

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		acquisitions or dispositions of assets or other property by the Company. Any amendment, modification or termination shall, upon adoption, become and be binding on all persons affected thereby without requirement for consent or other action with respect thereto by any such person.  The Committee shall give written notice to the Participant in accordance with Section 17(a) of any such amendment, modification or termination as promptly as practicable after the adoption thereof.  The foregoing shall not restrict the ability of the Participant and the Company by mutual consent to alter or amend the terms of the Restricted Stock in any manner that is consistent with the Plan and approved by the Committee. 
		

		
			   
		

		
			(f)    Successor.  Except as otherwise provided herein, this Award Agreement shall be binding upon and shall inure to the benefit of any successor or successors of the Company, and to any Permitted Transferee pursuant to Section 7. 
		

		
			   
		

		
			(g)    Choice of Law.  Except as to matters of federal law, this Award Agreement and all actions taken thereunder shall be governed by and construed in accordance with the laws of the State of Delaware (other than its conflict of law rules). 
		

		
			   
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						   

					
					
						B/E AEROSPACE, INC. 

				
	
					
						   

					
					
						   

					
					
						   

				
	
					
						   

					
					
						By: 

					
					
						   

				
	
					
						   

					
					
						Name:

					
					
						Joseph T. Lower

				
	
					
						   

					
					
						Title: 

					
					
						Vice President & Chief Financial Officer 

				

		
			 
		

		 

		

			6Ex_104

		

			 

		

		
			Exhibit 10.4
		

		
			AMENDMENT NO. 1 dated as of January 30, 2015 (this Amendment) between B/E Aerospace, Inc., a Delaware corporation (the Company), and JPMORGAN CHASE BANK, N.A., as administrative agent (the Administrative Agent).
		

		
			The Company, certain lenders (the Lenders) and the Administrative Agent are party to that certain Credit Agreement dated as of December 16, 2014 (as amended, supplemented and otherwise modified and in effect immediately prior to the effectiveness of the amendments contemplated hereby, the Credit Agreement).
		

		
			Due to a mistake or defect, an inconsistency exists in the Credit Agreement between Sections 9.9(d) and 9.9(e) thereof which provisions were intended to be substantively consistent with a shared basket between them.
		

		
			Pursuant to Section 12.1(iv) of the Credit Agreement, the Administrative Agent and the Company, without the consent of any other Person, may amend the Credit Agreement to cure any typographical error, mistake or defect or to make one or more of the Credit Documents consistent with the others.
		

		
			The Company has requested that the Administrative Agent agree, and the Administrative Agent agrees, to amend the Credit Agreement, all on the terms and conditions of this Amendment.
		

		
			Accordingly, the parties hereto agree as follows:
		

		
			1.Definitions
		

		
			Terms used but not defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement.  In addition, as used herein, Amendment Effective Date means the first date on which each of the conditions to effectiveness set forth in Section 4 hereof shall have been satisfied.
		

		
			2.Amendments
		

		
			Subject to the satisfaction of the conditions to effectiveness specified in Section 4 hereof, but with effect on and after the date hereof, the Credit Agreement shall be amended as follows:
		

		
			(a)Section 9.9(e) of the Credit Agreement is amended to read in its entirety as follows:
		

		
			(e)so long as no Default or Event of Default has occurred or would occur after giving effect to such declaration or payment, the Company may declare and pay cash dividends or cash distributions to any holders of its Equity Interests, provided that, after giving effect thereto (i) the Company is in compliance with the Total Leverage Ratio and the Interest Coverage Ratio at the respective levels applicable thereto at such time in accordance with Section 9.1 and (ii) if at such time, the Total Leverage Ratio of the Company and its Restricted Subsidiaries is equal to or greater than 2.50 to 1.00 (in each case, calculated on a pro forma basis as of the last day of the fiscal quarter ending immediately preceding the effective date of such cash dividend or distribution for which the relevant financial information has been delivered to the Lenders pursuant to Section 8.1 or 8.2, as applicable, giving effect to such cash dividend or distribution as if it had been made on the first day of the Measurement Period ending on the last day of such 
		

		 

 

		

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		fiscal quarter), then for so long as such Total Leverage Ratio remains equal to or greater than 2.50 to 1.00, the maximum aggregate consideration for (x) all Qualified Stock Repurchases made pursuant to clause (d) of this Section 9.9 and (y) all such cash dividends and cash distributions under this clause (e), from and after the Effective Date, shall not exceed the sum of $400,000,000 plus the remaining Available Amount.
		

		
			3.Representations and Warranties
		

		
			The Company represents and warrants to the Lenders and the Administrative Agent as of the date hereof that:
		

		
			(a)this Amendment has been duly and validly executed and delivered by the Company and constitutes the Company's legal, valid and binding obligation, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors’ rights generally and by general principles of general equity (regardless of whether enforcement is sought in a proceeding in equity or at law); and
		

		
			(b)after giving effect to this Amendment, (i) no Default shall have occurred and be continuing and (ii) the representations and warranties made by the Company in Section 6 of the Credit Agreement are true and correct on and as of the date hereof with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date), except that in the case of the representations and warranties made in Section 6.19 of the Credit Agreement, such representations and warranties shall be true and correct after giving effect to any extensions of time granted by the Administrative Agent pursuant to Section 8.14 of the Credit Agreement.
		

		
			It shall be an Event of Default for all purposes of the Credit Agreement, as amended hereby, if any representation, warranty or certification made by the Company in this Amendment shall prove to have been false or misleading as of the time made or furnished in any material respect.
		

		
			4.Conditions to Effectiveness
		

		
			The amendment to the Credit Agreement set forth in Section 0 hereof shall become effective, as of the date hereof, upon the satisfaction of each of the following conditions to effectiveness:
		

		
			(a)Amendment No. 1.  The Administrative Agent shall have received this Amendment, duly executed and delivered by the Company and the Administrative Agent.
		

		
			(b)Representations and Warranties.  Each of the representations and warranties made by the Company in Section 3 hereof shall, to the extent already qualified by materiality, be true and correct in all respects, and, if not so already qualified, be true and correct in all material respects, as of the Amendment Effective Date with the same force and effect as if made on and as of the Amendment Effective Date (or, if any such representation or warranty is 
		

		 

		

			 

		

 

		

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		expressly stated to have been made as of a specific date, as of such specific date), and the Administrative Agent shall have received a certificate of a senior officer of the Company to that effect, dated the Amendment Effective Date, in substantially the form of Exhibit A hereto.
		

		
			(c)Other Documents.  The Administrative Agent shall have received such other documents as the Administrative Agent or special New York counsel to the Administrative Agent may reasonably request.
		

		
			5.Documents Otherwise Unchanged
		

		
			Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect, and each reference to the Credit Agreement and words of similar import in the Credit Agreement, as amended by this Amendment, and in the Notes, any other Credit Documents and any other documents to which the Company is a party shall be a reference to the Credit Agreement as amended by this Amendment and as the same may be further amended, supplemented and otherwise modified and in effect from time to time.
		

		
			6.Counterparts
		

		
			This Amendment may be executed and delivered in counterparts (including by facsimile or any other electronic transmission), each of which shall be identical and all of which, when taken together, shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart.
		

		
			7.Expenses
		

		
			Without limiting its obligations under Section 12.5 of the Credit Agreement, the Company agrees to pay, on demand, all reasonable out-of-pocket costs and expenses of the Administrative Agent and the Lenders (including the fees and disbursements of Freshfields Bruckhaus Deringer US LLP, special New York counsel to the Administrative Agent) incurred in connection with the negotiation, preparation, execution and delivery of this Amendment.
		

		
			8.Binding Effect
		

		
			This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
		

		
			9.Governing Law
		

		
			This Amendment shall be construed in accordance with, and this Amendment and all matters arising out of or relating in any way whatsoever to this Amendment (whether in contract, tort or otherwise) shall be governed by, the internal laws of the State of New York.
		

		
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		In Witness Whereof, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written.
		

		
			B/E AEROSPACE, INC.
		

		
			 
		

			
					
						By:

					
					
						/s/ Joseph T. Lower

					
					
						 

				
	
					
						 

					
					
						Name: Joseph T. Lower

					
					
						 

				
	
					
						 

					
					
						Title: Vice President and Chief Financial Officer

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						JPMORGAN CHASE BANK, N.A.,

					
					
						 

				
	
					
						  as Administrative Agent

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Matthew H. Massie

					
					
						 

				
	
					
						 

					
					
						Name: Matthew H. Massie

					
					
						 

				
	
					
						 

					
					
						Title:  Managing Director

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

[SIGNATURE PAGE TO AMENDMENT NO. 1]

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