Document:

Exhibit

EXHIBIT 10.1

LONG-TERM INCENTIVE PROGRAM
(AS AMENDED AND RESTATED EFFECTIVE JANUARY 23, 2019)
		
	1.
	Establishment; Restatement. The long-term incentive program (“LTIP”) previously established under the Spirit AeroSystems Holdings, Inc. 2014 Omnibus Incentive Plan, as amended (“OIP”), pursuant to Section 2.4 of the OIP is hereby amended and restated effective January 23, 2019 (the “Effective Date”), on the following terms and conditions. In addition to the generally applicable terms of the OIP, the following terms, conditions, and provisions will apply to Restricted Stock and Restricted Stock Units awarded to Participants as part of the LTIP from and after the Effective Date. Capitalized terms not specifically defined in this LTIP will have the meanings set forth in the OIP.

		
	2.
	Awards of Restricted Stock and Restricted Stock Units. Awards of Restricted Stock to Participants as part of the LTIP will be made at such times, in such amounts, and subject to such terms, conditions, and restrictions as the Committee or the Board may determine, in its sole discretion, including, without limitation, designating such Awards as Performance Compensation Awards and setting Performance Goals. Specific awards of Restricted Stock as part of the LTIP may be made pursuant to a resolution adopted by the Committee or the Board, an individual agreement with a Participant (e.g., an employment agreement), or any other means that would represent an Award Agreement under the OIP. Awards of Restricted Stock Units to Participants as part of the LTIP may be made in lieu of awards of Restricted Stock in certain jurisdictions outside of the United States as the Committee or the Board may determine in its sole discretion subject to the terms set forth in this LTIP.

Except as expressly provided in the OIP or an Award Agreement, upon Termination of a Participant following a grant of Restricted Stock or Restricted Stock Units and prior to satisfaction of all conditions and restrictions imposed with respect to those Restricted Stock or Restricted Stock Units, including, without limitation, completion of a time-based vesting schedule or satisfaction of all performance-based conditions, the unearned or nonvested Restricted Shares will be forfeited.
		
	3.
	Time-Based Vesting. Unless otherwise provided in an Award Agreement, Restricted Stock and Restricted Stock Units granted under the LTIP to a Participant will be substantially nonvested upon grant and will, in addition to any other conditions or restrictions that may apply (including, without limitation, Performance Goals), be subject to time-based vesting restrictions that will lapse only if and to the extent the Participant satisfies the following vesting schedule, unless a different schedule (including, without limitation, no time-based vesting schedule) is designated by the Committee or the Board in connection with the grant:

    
Years of Service After the Grant Date    Vested Percentage
Less than 1                        0%
1 but less than 2                    33%

2 but less than 3                    66%
3 or more                        100%
A Participant will be credited with a year of service after the Grant Date for each 12-month period after the Grant Date during which the Participant is continuously performing services (or deemed to be continuously performing services) for the Company or an Affiliate. However, the Committee may at any time, in its sole discretion, credit a Participant with additional service after the date the award of Restricted Stock or Restricted Stock Units is granted to the Participant or otherwise accelerate vesting or remove restrictions with respect to Restricted Stock or Restricted Stock Units granted under the LTIP, if the Committee determines, in its sole discretion, it is in the best interests of the Company or other Service Recipient to do so. 
		
	4.
	Performance Goals. In accordance with Article 10 of the OIP, the Board or Committee may set Performance Goals with respect to an award of Restricted Stock or Restricted Stock Units as part of the LTIP and otherwise set the performance-based terms and conditions of such Award.

		
	5.
	83(b) Elections. Although Restricted Stock granted under the LTIP may be subject to certain lapse restrictions and may be substantially nonvested upon grant, grants of such Shares are intended to constitute transfers of such Shares within the meaning of Code Section 83 upon grant. Accordingly, Participants receiving grants of Restricted Stock under the LTIP will be eligible to make an election under Code Section 83(b) with respect to Restricted Shares at the time such Shares are granted, subject to complying with all applicable requirements for making such an election, including, but not limited to, the requirement that such election be made within 30 days after the date of transfer.

		
	6.
	Change in Control. In the event of a Change in Control, each Participant who has been awarded Restricted Stock or Restricted Stock Units pursuant to the LTIP before the closing of the Change in Control and who incurs a Qualifying Termination either in anticipation of the Change in Control or during the period beginning 30 days before the closing of the Change in Control and ending two years after the date of the closing of the Change in Control will receive a cash award equal to the dollar value of the award of Restricted Stock or Restricted Stock Units that would have been made under the LTIP to such Participant in the ordinary course of business within the 12-month period following the date of the Qualifying Termination, based on the Participant’s annual base pay as in effect on the date of closing of the Qualifying Termination. Payment of this cash award will be made as soon as administratively practicable on or after the date of the Qualifying Termination, but in no event later than 2-1/2 months after the end of the year in which the Qualifying Termination occurs.

In addition, in the event a Participant who has been awarded Restricted Stock or Restricted Stock Units pursuant to the LTIP before the closing of the Change in Control incurs a Qualifying Termination either in anticipation of a Change in Control or during the period 

beginning 30 days before the closing of the Change in Control and ending two years after the date of the closing of the Change in Control, vesting with respect to LTIP awards previously made will be accelerated in accordance with Section 13.1 of the OIP.
*     *     *     *Exhibit

EXHIBIT 10.2

March 19, 2019

March 19, 2019

Christian Boas 
XXXXXXXXXXXXXXXXXXXXXXXXX

Emile Boas 
XXXXXXXXXXXXXXXXXXXXXXXXX

Dreda / Sylvie Boas 
XXXXXXXXXXXXXXXXXXXXXXXXX

RE: Amendment to Agreement for the Sale and Purchase of the Shares of S.R.I.F. NV

Dear Sir/Madam:
On behalf of Spirit AeroSystems Holding, Inc. (the “Guarantor”) and Spirit AeroSystems Belgium Holdings, BVBA (the “Purchaser” and collectively with the Guarantor, “Spirit”), we seek the agreement of the current shareholders (the “Sellers” and together with Spirit, the “Parties”) of S.R.I.F. NV (“SRIF”) to the following by means of this letter agreement (the “Letter Agreement”):
		
	1.
	The Parties entered into an Agreement for the Sale and Purchase of the Shares of SRIF on 1 May 2018 (the “Agreement”).

		
	2.
	The Parties wish to consummate the Agreement irrespective of certain Conditions Precedent possibly not being satisfied before or on the Long Stop Date. 

To that end, Spirit hereby waives all Conditions Precedent, save for (i) the full and final acquisition by the Company of the profit certificates issued by Asco Industries NV in furtherance of Clause 4.2.1, (ii) the European Commission having (a) issued a clearance decision for the Transaction under conditions materially in line with those offered by Spirit and Asco in the commitments dated 8 March 2019; and (b) granting approval under paragraph 7(c) of those commitments; (iii) Airbus SE, on behalf of itself and its subsidiaries, having provided its consent to the Transaction (in accordance with Clause 4.2.3 of the Agreement), as the case may be by means of a consent provided by Airbus SAS and Airbus Military SL and (iv) there not having occurred a Material Adverse Change since the date of this Letter Agreement.
		
	3.
	The Initial Purchase Price under the Agreement is revised to be USD 604 million. For the avoidance of doubt, this revision already incorporates the USD 10 million price revision the Parties had agreed to by entering into the December 20, 2018 letter (“Consent to certain actions by the Asco Group not in the ordinary course of business Framework Agreement, NDA, Supplemental Agreement on the Disaggregation of Belairbus SA and Change of Control Letter”).

		
	4.
	Section 9.3 of the Agreement is revised to reduce Seller’s maximum aggregate liability to USD 65,000,000 (USD sixty-five million).

		
	5.
	Schedule 12 of the Agreement is amended to include the specific indemnities set forth on Annex A to this letter.

		
	6.
	For the avoidance of doubt, Spirit acknowledges and agrees that it is not entitled to any indemnification pursuant to Clause 8 of the Agreement in relation to the termination of the A380 program by Airbus and, to the extent applicable, waives any rights in that respect it might have.

		
	7.
	Based on their own respective knowledge or on the basis of information communicated by the other Party, each of the Parties respectively individually acknowledges and agrees that no Material Adverse Change has occurred at the date of this Letter Agreement. Spirit agrees, that even in the event of the occurrence of a Material Adverse Change, it will not request any further change to the Initial Purchase Price.

		
	8.
	The Parties acknowledge and agree that this Letter Agreement has been negotiated by the Parties in good faith.

		
	9.
	This Letter Agreement constitutes a written agreement by and among the parties as set forth in Clause 25.8 of the Agreement.

		
	10.
	Notwithstanding Sections 5.1 and 4.6.1 of the Agreement, subject to the timely satisfaction of the remaining Conditions Precedent referred to under clause 2 of this Letter Agreement, the Parties intend to consummate the Transaction on April 1, 2019, the Long Stop Date. 

		
	11.
	All terms used but not defined herein shall have the meaning set forth in the Agreement. Clause 26 of the Agreement shall apply also to the Letter Agreement.

Yours faithfully on behalf of Spirit,
/s/ Sam J. Marnick            
Mrs. Sam. J. Marnick

For acknowledgement and acceptance
On behalf of the Sellers and the Asco Group

/s/ Christian Boas                /s/ Sylvie Boas                
Mr. Christian Boas                Dreda general partnership
Date: March 19, 2019                By: Ms. Sylvie Boas, Director
Date: March 19, 2019

/s/ Emile Boas______________            /s/ Sylvie Boas                
Mr. Emile Boas                    Ms. Sylvie Boas
Date: March 19, 2019                Date: March 19, 2019
                

Cc: Eubelius CVBA
Marieke Wyckaert and Matthias Wauters 
Avenue Louise 99, 1050 Brussels (Belgium)

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