Document:

Form of 2008 Equity Investment Plan

 Exhibit 10.2 
 Form of 
 Hawker Beechcraft, Inc. 
 Amended and Restated 
 2008 Employee Equity Investment Plan 
 1. Purpose. The purpose of this Hawker Beechcraft, Inc. 2008 Employee Equity Investment Plan (the “Plan”) is to incentivize
certain employees and officers (“Plan Participants”) of Hawker Beechcraft , Inc. (the “Company”) and its direct and indirect majority owned subsidiaries (as defined in Rule 405 under the Securities Act of 1933, as
amended (the “Securities Act”)) to promote the growth and success of the Company and its affiliates by offering opportunities to purchase shares of common stock, par value $0.01 per share, of the Company (“Common
Stock”). Offers and sales of Common Stock under the Plan are intended to be exempt from the registration requirements of Section 5 of the Securities Act. 
 2. Administration. The Plan shall be administered by the Compensation Committee (the “Committee”) appointed by the Board of Directors of the Company (the “Board”), provided,
however, in the event that no such Committee is then in existence, the Plan shall be administered by the Board, and in such event all references herein to the Committee shall be deemed to reference the Board. Subject to the express provisions of the
Plan, the Committee shall have the power to select those Plan Participants to whom Common Stock will be offered. The Committee shall determine the number of shares of Common Stock to be offered to each Plan Participant, the price at which such
shares shall be sold under the Plan and all other terms and conditions of such offer (which need not be identical to any other offer to Plan Participants). The Committee shall have the power to construe and interpret the Plan, to establish, amend
and revoke rules and regulations for the administration of the Plan, and to make all other determinations necessary or advisable for the administration of the Plan. All such determinations shall be binding and conclusive on Plan Participants.

 3. Eligibility. Offers and sales of shares of Common Stock under the Plan may be made to any employee or officer of the Company or
any of its direct or indirect majority owned subsidiaries. 
 4. Price and Payment. The per share purchase price for the Common Stock
sold under the Plan shall be set by the Board on a quarterly basis based on the Board’s good faith determination of the fair market value of the Common Stock. Persons who are awarded the right to purchase shares under the Plan shall pay the
purchase price for such shares by check or such other payment acceptable to the Company. 
  

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 5. Required Agreements. Upon each purchase of shares of Common Stock pursuant to the Plan, the
Plan Participant shall enter into a shareholders agreement, subscription agreement and/or restricted stock agreement which shall contain such terms and conditions as determined by the Committee. 
 6. Rights Not Transferable. The rights of any Plan Participant under this Plan are not transferable other than pursuant to the laws of descent and
distribution. 
 7. No Employment Rights. The Plan does not constitute a contract of employment, and participation in the Plan will
not give any Plan Participant the right to be retained in the employ of the Company or any of its direct or indirect majority owned subsidiaries or the right to continue as a director of the Company or any of its direct or indirect majority owned
subsidiaries. 
 8. Amendment and Termination of the Plan. The Board may, at any time, or from time to time, suspend, amend or
terminate the Plan; provided, however, that no suspension, amendment or termination of the Plan shall adversely alter any rights or obligations of any party to an agreement entered into pursuant to the Plan prior to any such suspension, amendment or
termination. 
 9. Governing Law. The Plan and all determinations made and actions taken pursuant thereto shall be governed by the
laws of the State of New York without regard to the principles of conflicts of laws. 
 Dated: May 9, 2008 
  

 2Amendment to Employment Agreement of James E. Schuster

 Exhibit 10.3 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT
(“Amendment”) is entered into this 9th day of May, 2008, by and between James E. Schuster (the “Executive”) and Hawker Beechcraft Corporation, a Kansas corporation (the “Company”). 
 WHEREAS, the Executive and the Company entered into an Employment Agreement dated as of March 26, 2007 (the “Employment
Agreement”); and 
 WHEREAS, the Executive and the Company desire to amend the Employment Agreement on the terms set forth herein
to ensure compliance with the requirements of new Code Section 409A; and 
 WHEREAS, the Executive and the Company have reviewed
the terms and provisions hereof and found them acceptable. 
 NOW, THEREFORE, in consideration of the foregoing premises and mutual
covenants and agreements set forth herein, the parties hereby agree as follows: 
 1. Certain Terminations. Section 3.2(a) of the Employment
Agreement is hereby amended in its entirety to read as follows: 
 (a) Termination by the Company other than for Cause or
Disability; Termination by the Executive for Good Reason. If the Executive’s employment is terminated (x) by the Company other than for Cause or Disability or (y) by the Executive for Good Reason, in addition to the Accrued
Amounts, the Executive shall be entitled to a payment equal to two (2) times the sum of his Base Salary at the rate in effect immediately prior to the Termination Date plus the Target Annual Bonus Opportunity for the year of such termination
(such payments, the “Severance Payments”). In addition, the Company shall pay the Executive a pro-rata bonus for the year of termination, based on the actual performance of the Company for the full year and the number of days in
such year prior to and including the Termination Date (the “Pro-Rata Bonus”), payable at the time when annual bonuses are paid generally. The Company’s obligations to make the Severance Payments shall be conditioned upon:
(i) the Executive’s continued compliance with his obligations under Section 4 of this Employment Agreement and (ii) the Executive’s execution, delivery, and non-revocation of a valid and enforceable general release of claims
(the “Release”) substantially in the form attached hereto as Exhibit F. Subject to Section 3.2(d), the Severance Payments will be paid in equal installments on the Company’s regular payroll dates occurring during
the twenty-four (24) month period beginning 30 days after the date of termination, as specified above, provided that payment of such Severance Payments is conditioned upon both the Executive executing the Release and the Release becoming
effective within 30 days after the Executive’s termination of employment. The Company shall also provide continued health and welfare benefits to the Executive and his eligible dependents until the first (1st)

  

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anniversary of the Termination Date, on the same basis as a then active employee of the Company, with COBRA benefits commencing thereafter. 
 2. No Acceleration. The following provision shall be added to the Employment Agreement as a new Section 8.12: 
 8.12. No Acceleration. Except as otherwise permitted by law, no interpretation, modification, alteration, amendment, or complete or
partial termination of this Agreement or any provision of this Agreement shall cause or permit acceleration of the time or schedule of any deferred compensation payment under this Agreement. 
 3. Remaining Provisions. The remaining provisions of the Employment Agreement shall continue in full force and effect. 
 4. Construction. The terms and provisions of this Amendment shall be construed as part of the Employment Agreement from and after the date hereof.

 IN WITNESS WHEREOF, the parties have executed this Amendment on the date first set forth above. 
  

							
	 HAWKER BEECHCRAFT
 CORPORATION 
	 		  	
		 		  	
	 By:
	 	 /s/ Gail E. Lehman
	 		  	 /s/ James E. Schuster
 James E. Schuster

	 Name:
	 	 Gail E. Lehman
	 		  	
				
	Title:	 	 Vice President, General Counsel and Secretary
	 		  	

  

 - 2 -Amendment to Employment Agreement of James K. Sanders

 Exhibit 10.4 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT
(“Amendment”) is entered into this 9th day of May, 2008, by and between James K. Sanders (the “Executive”) and Hawker Beechcraft Corporation, a Kansas corporation (the “Company”). 
 WHEREAS, the Executive and the Company entered into an Employment Agreement dated as of March 26, 2007 (the “Employment
Agreement”); and 
 WHEREAS, the Executive and the Company desire to amend the Employment Agreement on the terms set forth herein
to ensure compliance with the requirements of new Code Section 409A; and 
 WHEREAS, the Executive and the Company have reviewed
the terms and provisions hereof and found them acceptable. 
 NOW, THEREFORE, in consideration of the foregoing premises and mutual
covenants and agreements set forth herein, the parties hereby agree as follows: 
 1.    Certain
Terminations.    Section 3.2(a) of the Employment Agreement is hereby amended in its entirety to read as follows: 
 (a)    Termination by the Company other than for Cause or Disability; Termination by the Executive for Good Reason.    If the Executive’s employment is terminated
(x) by the Company other than for Cause or Disability or (y) by the Executive for Good Reason, in addition to the Accrued Amounts, the Executive shall be entitled to a payment equal to 1.5 times the sum of his Base Salary at the rate in
effect immediately prior to the Termination Date plus the Target Annual Bonus Opportunity for the year of such termination (such payments, the “Severance Payments”). In addition, the Company shall pay the Executive a pro-rata bonus
for the year of termination, based on the actual performance of the Company for the full year and the number of days in such year prior to and including the Termination Date (the “Pro-Rata Bonus”), payable at the time when annual
bonuses are paid generally. The Company’s obligations to make the Severance Payments shall be conditioned upon: (i) the Executive’s continued compliance with his obligations under Section 4 of this Employment Agreement and
(ii) the Executive’s execution, delivery, and non-revocation of a valid and enforceable general release of claims (the “Release”) substantially in the form attached hereto as Exhibit A. Subject to
Section 3.2(d), the Severance Payments will be paid in equal installments on the Company’s regular payroll dates occurring during the eighteen (18) month period beginning 30 days after the date of termination, as specified above,
provided that payment of such Severance Payments is conditioned upon both the Executive executing the Release and the Release becoming effective within 30 days after the Executive’s termination of employment. The Company shall also provide
continued health and welfare benefits to the Executive and his eligible dependents until the first (1st)

  

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anniversary of the Termination Date, on the same basis as a then active employee of the Company, with COBRA benefits commencing thereafter. 
 2.    No Acceleration.    The following provision shall be added to the Employment Agreement as a new
Section 8.12: 
 8.12.    No Acceleration.    Except as otherwise
permitted by law, no interpretation, modification, alteration, amendment, or complete or partial termination of this Agreement or any provision of this Agreement shall cause or permit acceleration of the time or schedule of any deferred compensation
payment under this Agreement. 
 3.    Remaining Provisions.    The remaining provisions of
the Employment Agreement shall continue in full force and effect. 
 4.    Construction.    The terms and provisions of this Amendment shall be construed as part of the Employment Agreement from and after the date hereof. 
 IN WITNESS WHEREOF, the parties have executed this Amendment on the date first set forth above. 
  

									
	 HAWKER BEECHCRAFT
 CORPORATION

	 		 	
					
	By:	 	/s/ Gail E. Lehman	 		 		 	/s/ James K. Sanders
					
	Name:	 	Gail E. Lehman	 		 		 	James K. Sanders
					
	Title:	 	Vice President, General Counsel and Secretary	 		 		 	

  

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