Document:

EX-10.19

 Exhibit 10.19 
 UNDERTAKINGS 
 Blue Cross of California (the “Plan”) filed with the
Department of Managed Health Care (the “Department”) Amendment No. 20092499, originally dated November 17, 2009, proposing the Master Administrative Services Agreement (the “Amendment”). 

To demonstrate continued compliance with the Knox-Keene Health Care Service Plan Act of 1975, California Health and Safety Code section 1340 et seq. (the
“Act”) and the Act’s corresponding regulations at Title 28, California Code of Regulations (the “Rules”), the Plan executes the below Undertakings as part of its Amendment. By so doing, the Plan agrees to fully and
completely comply with these Undertakings and agrees that it will not violate these Undertakings. 
 The Plan agrees to the following
Undertakings, as indicated below, and acknowledges that any Order issued by the Director of the Department of Managed Health Care (“Director”) approving the Amendment is conditioned upon the Plan’s acceptance of and compliance with
the Undertakings set forth below. 
 The Plan represents and agrees to the following: 
 Undertaking No. 1 
 The Plan agrees to pay the costs arising from activities of the
Department within ten (10) days of receipt of the Department’s invoice, including any necessary reasonable out-of-state travel and accommodations, incurred in the course of verifying and auditing performance of Affected Functions for
compliance with California Health and Safety Code sections 1382 and 1384, and California Code of Regulations, Title 28 sections 1300.82, 1300.82.1, and 1300.84. Such activity will be conducted at the Department’s discretion, and may be in
addition to any of the surveys, audits, examinations, or inquiries required or permissible under the Act and is not a survey, audit, or examination under California Health and Safety Code Section 1380 and 1382 and their corresponding
regulations. 
 For purposes of these Undertakings, “Affected Functions” is defined as those business operations and/or affairs of the
Plan that are impacted by the Plan’s contract with WellPoint Health Networks, Inc. under filing 20092499, and any additional functions that may be outsourced under amendments to this agreement filed at a later date. 

Undertaking No. 2 
 The Plan acknowledges
and agrees that the Department has the continued right to evaluate and ensure compliance with the Act and its corresponding regulations relating to administrative capacity, including organizational structure and implementation of the delegation of
performance of Plan functions as specified and defined in the Act and regulations. The Plan confirms that it shall make, in a reasonable and timely fashion, changes requested to demonstrate sufficient administrative capacity to the satisfaction of
the Department as agreed to by the Department and the Plan. 

					
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 Undertaking No. 3 
 The Plan undertakes that it will not remove, or require, permit, or cause the removal of the Plan’s books and records, as defined in the Act, from California before filing a Notice of Material
Modification and receiving the written approval from the Department. 
 Undertaking No. 4 

The Plan shall conduct on-site reviews, at least annually, to ensure that the Affected Functions are properly performed. Plan will maintain at its
administrative offices in California, copies of on-site review reports. The inspection results shall identify each problem, corrective action plan and follow-up. The Plan shall make the written reports of on-site inspections available to the
Department on request. 
 The Plan will make accessible at its administrative offices in Woodland Hills, California, or such other California
site as may be approved by the Department, within 24 but no more than 48 hours of the Department’s request, documentation such as e-mails, minutes of meetings, and reports, evidencing day-to-day monitoring of contracted entity performing
Affected Functions. 
 Undertaking No. 5 
 The Plan acknowledges that the approval of the Department for the movement of Affected Functions outside of California is subject to withdrawal by the Department should the Department find an Affected
Function(s) non-compliant with the Knox-Keene Act and the California Code of Regulations, title 28, in which case the Plan shall return the Affected Functions to California. The Plan shall submit to the Department within thirty (30) calendar
days of such withdrawal by the Department, a written plan for the return of the Affected Functions to the Plan or another service provider acceptable to the Department, which shall be completely executed no more than six (6) months from the
date of such withdrawal. 
 Undertaking No. 6 
 In accordance with Section 1382, the Department reserves the right to conduct an onsite inspection of the Plan and all Related Entities, Affiliates, Contractors, or Subcontractor’s
administrative and financial records and facilities to examine the performance of the Affected Functions. 
 The Plan and all Related Entity,
Affiliate, Contractor, or Subcontractor shall comply with the Department during any onsite inspection of the Plan, Related Entity, Affiliate, Contractor, or Subcontractor’s administrative and financial records and facility relating to the
performance of the Affected Functions. 
 Undertaking No. 7 
 The Undertakings set forth herein shall be enforceable to the fullest extent of the authority and power of the Director of the Department under the provisions of the Act, including all civil, criminal,
and administrative remedies (such as Cease and Desist Orders, freezing enrollment, and assessment of fines and penalties). The Plan acknowledges that the Act’s enforcement remedies are not exclusive, and may be sought and employed in any
combination deemed advisable by the Department to enforce these Undertakings. 

					
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 Undertaking No. 8 
 The Undertakings set forth herein shall be subject to the following terms and conditions: 
  

	 	(a)	Binding Effect. The Undertakings set forth herein shall be binding on the Plan and its respective successors and permitted assigns. If the Plan fails to fulfill
its obligations to the Department as provided under the Undertakings set forth herein, the Plan stipulates and agrees that the Department shall have the authority to enforce the provisions of these Undertakings in a California court of competent
jurisdiction. 

  

	 	(b)	Governing Law. The Undertakings set forth herein and their validity, enforcement, and interpretation, shall for all purposes be governed by and construed in
accordance with the laws of the State of California. 

  

	 	(c)	Venue. The proper venue of any dispute arising from the Undertakings set forth herein shall be Sacramento, California. 

 

	 	(d)	Invalidity. In the event that any Undertakings or any portion of any Undertaking set forth herein shall be declared invalid or unenforceable for any reason by a
court of competent jurisdiction, the validity or enforceability of any other Undertakings or any portion of any Undertaking shall not affect the validity or enforceability of any other Undertakings, and such other Undertakings shall remain in full
force and effect and shall be enforceable to the maximum extent permitted by applicable law. 

  

	 	(e)	Duration. The Undertakings set forth herein shall become effective upon the effective date of the Order issued on the Amendment, and except as to those
provisions of the Undertakings that contain separate termination provisions, shall remain in full force and effect until terminated by the Plan with the written consent of the Department. 

 

	 	(f)	Third Party Rights. Nothing in the Undertakings set forth herein is intended to provide any person other than the Plan and the Department, and their respective
successors and permitted assigns, with any legal or equitable right or remedy with respect to any provision of any Undertaking set forth herein. 

  

	 	(g)	Amendment. The Undertakings set forth herein may be amended only by written agreement executed by both the Plan and the Department. 

 

	 	(h)	Assignment. No Undertaking set forth herein may be assigned by the Plan, in whole or in part, without the prior written consent of the Department.

					
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	 	(i)	Specific Performance. In the event of any breach of these Undertakings, the Plan acknowledges that the State of California would be irreparably harmed and could
not be made whole by monetary damages. It is accordingly agreed that the Plan shall waive the defense in any action brought by the Department for specific performance that a remedy at law would be adequate, and the Department should be entitled to
seek an injunction or injunctions to prevent breaches of the provisions of these Undertakings and to seek to specifically enforce the terms and provisions stated herein. The Department’s right to seek an injunction does not supersede the
remedies available to the Director described in Undertaking No. 8(a). 

 Blue Cross of California 

 

			
	Signature:	 	

	Date:	 	10/15/12
	Print Name:	 	G. Lewis Chartrand
	Print Title:	 	Vice President & CounselEX-10.10

 EXHIBIT 10.10 

ASTRONICS CORPORATION 
 SUPPLEMENTAL RETIREMENT PLAN 
 (AMENDED AND RESTATED: MARCH 6, 2012)

 ARTICLE I 
 PURPOSE, DEFINITIONS, AND EFFECTIVE DATE 
 Section 1.1.
Purpose of the Plan. 
 This Astronics Corporation Supplemental Retirement Plan (the “Plan”) is an unfunded,
nonqualified deferred compensation plan maintained for the purpose of providing additional retirement benefits for a select group of management or highly compensated employees of Astronics Corporation, and participation in the Plan is limited
consistent with that purpose. Benefits under the Plan are intended to supplement benefits provided under the ATRO Companies Profit Sharing Plan/401(k) Plan and benefits received from Social Security. The Plan was amended and restated effective
January 1, 2002, and further amended effective January 1, 2005 to comply with the requirements of Section 409A of the Internal Revenue Code of 1986 (the “Code”). This restatement is intended to incorporate the 2005 amendment
into the Plan, to clarify the effect of the amendment on the Plan terms, and to restructure the Plan for greater overall clarity. 
 Section 1.2. Effective Date. 
 The Effective Date of this
amended and restated Plan is March 6, 2012. 
 Section 1.3. Definitions. 

For purposes of this Plan, the following terms have the meanings stated below unless the context clearly indicates otherwise: 

 

	 	(a).	“Board” means the Board of Directors of the Company. 

 

	 	(b).	“Cause” means any act that is materially inimical to the best interests of the Company and that constitutes, on the part of the Participant,
intentional or grievous wrong, including but not limited to, common law fraud, a felony, or other gross malfeasance of duty. 

  

	 	(c).	“Change of Control” means the transfer, in one or more transactions extending over a period of not more than 24 months, of Common Stock of the
Company possessing 25% or more of the total voting power of all shares of Common Stock. A transfer shall be deemed to occur if shares of Common Stock are either transferred or made the subject of options, warrants, or similar rights granting a third
party the opportunity to acquire ownership or voting control of such Common Stock. 

  

	 	(d).	“Common Stock” means the Class A and Class B $.01 par value shares of the capital stock of the Company, as well as all other securities
with voting rights or convertible into securities with voting rights. 

  

	 	(e).	“Company” means Astronics Corporation and its wholly or partially owned subsidiaries, as well as any of its or their successors or assigns,
whether by transfer, merger, consolidation, acquisition of all or substantially all of the business assets, change in identity, or otherwise by operation of law. 

 

	 	(f).	“Compensation Committee” means the Executive Compensation Committee of the Board, as it is constituted from time to time.

  

	 	(g).	“Disability” means a “disability” as defined in the Qualified Retirement Plan. 

 

	 	(h).	“Eligible Officer” means an officer of the Company who participates in the Qualified Retirement Plan, or an officer or executive of an affiliate
or subsidiary of the Company who participates in the Qualified Retirement Plan. 

	 	(i).	“Involuntary Termination” means a termination of a Participant’s employment relationship with the Company, other than for death,
Disability, retirement, or Cause, (1) by or at the instigation of the Company, or (2) by or at the instigation of the Participant where the Participant’s Pay has been diminished or reduced to a greater extent than any diminution or
reduction of the Company’s officers generally. 

  

	 	(j).	“Participant” means an Eligible Officer who has been designated a Participant in the Plan pursuant to Article III. The term
“Participant” includes a person who has ceased to actively participate in the Plan but who has not received payment of all of his Plan Benefits. 

  

	 	(k).	“Pay” means the base salary paid to an Eligible Officer for a calendar year plus any bonus or incentive payments payable in cash and earned for
or attributable to that year, whether or not the base salary, bonus or incentive payments are actually paid during that year. 

  

	 	(l).	“Qualified Retirement Plan” means the ATRO Companies Profit Sharing Plan/401(k) Plan, or any successor tax qualified retirement plan maintained
by the Company, as in effect as of the date that a Benefit is calculated under the Plan. 

  

	 	(m).	“Separation from Service” means a termination of a Participant’s employment with the Company on account of retirement, death, Disability,
or other voluntary or involuntary separation from service, determined in accordance with the provisions of Code Section 409A. 

  

	 	(n).	“Supplemental Benefit” or “Benefit” means the annual income, if any, payable to a Participant or Surviving Spouse
pursuant to Article IV of the Plan. 

  

	 	(o).	“Surviving Spouse” or “Spouse” means a surviving spouse who is a beneficiary entitled to receive some or all of the
benefits, directly or indirectly, payable under the Qualified Retirement Plan upon the death of a Participant. 

  

	 	(p).	“Termination on a Change of Control” means a termination of a Participant’s employment relationship with the Company, other than for death,
Disability, retirement, or Cause, (1) by or at the instigation of the Company within two years after a Change of Control, or (2) by or at the instigation of the Participant within two years of the Change of Control in those circumstances
where the duties, responsibilities, status, base pay or perquisites of office and employment have been diminished or downgraded, or substantially increased (other than base pay and perquisites) without the Participant’s actual or implied
consent; provided, however, that a general decrease in base pay which is approved by a majority of the affected Participants will be considered as having been consented to for purposes of this Plan. 

ARTICLE II 
 ADMINISTRATION AND AMENDMENT 
 Section 2.1.
Administration. 
 The Plan is operated under the direction of the Compensation Committee, which has all authority and
powers necessary to administer the Plan and construe the Plan terms, make factual determinations, resolve any ambiguities or inconsistencies, determine eligibility for participation or benefits, and decide all questions arising in the Plan
administration, interpretation or application. The Compensation Committee’s actions or decisions in all matters (other than matters regarding a Participant upon or after the Participant’s Termination on a Change of Control) shall be final
and binding upon all Participants, Spouses or other persons having or claiming an interest in this Plan. 

Section 2.2. Amendment or Discontinuation. 
 While the Company expects to continue the Plan indefinitely, it reserves the right to amend the Plan from time to time or to discontinue the Plan at any time, by action of its Board. No amendment or
discontinuance of the Plan shall impair or adversely affect any Benefits accrued under the Plan as of the date of such action, except with the consent of the Participant or Surviving Spouse entitled to receive such Benefits. In the event of an
amendment of the Plan adversely affecting Benefits or discontinuance of the Plan, the amount of each Participant’s Supplemental Benefits shall be determined under Article IV as if each Participant had retired as of the date of such amendment or
discontinuance. If the Plan is not being terminated and liquidated as part of the amendment or discontinuance, the Participant will continue to vest in his Benefit in accordance with Article III. Accordingly, the Participant will become vested in
and eligible to receive his Supplemental Benefits when the Participant has satisfied the vesting requirements provided under Article III. 
 If the Plan is being terminated and liquidated in accordance with the requirements of Code Section 409A, the Participant will become 100% vested in his Supplemental Benefit and the present value of
the Benefit will be paid in a single lump sum payment as soon as administratively practicable following the termination of the Plan, The present value of a Benefit payable under this Section will be the actuarial present value of the accrued
Supplemental Benefit as determined using the mortality table prescribed by the Secretary of the Treasury under Section 417(e)(3)(B) of the Code, as in effect for such period, and applicable interest rate described by Section 417(e) of the
Code in effect for the second month preceding the month in which the 409A Change in Control Event occurs. 

  
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 ARTICLE III 

PARTICIPATION AND VESTING 
 Section 3.1. Participation. 
 An Eligible Officer becomes a
Participant in the Plan on the date that the Eligible Officer is designated as a Participant by the Board. 

Section 3.2. Vesting. 
 Subject to Sections 3.3 and 3.4(b), a Participant is 100% fully vested in and eligible to receive his Supplemental Benefits under the Plan if: 

 

	 	(a).	the Participant has at least ten continuous years of service with the Company; and 

 

	 	(b).	the Participant has attained (1) age 65 or later, or (2) age 60 or later with a combined total of age and years of service with the Company at least equal to
90. 

 Section 3.3. Acceleration of Vesting. 

 

	 	(a).	In the event of a Participant’s termination of employment before vesting due to a Disability, the Participant will become 100% vested in and eligible for a
Supplemental Benefit under Article IV of the Plan. 

  

	 	(b).	In the event of an Involuntary Termination or a Termination on a Change of Control, a Participant who has at least ten years of continuous service with the Company will
become 100% vested in and eligible for a Supplemental Benefit under this Plan. 

  

	 	(c).	In the event of a Change of Control, a Participant who has at least ten years of continuous service with the Company will become 100% vested in and eligible for a
Supplemental Benefit under Articles IV and V of the Plan. 

  

	 	(d).	In the event of a Participant’s death, a Surviving Spouse will become vested in and eligible for a Supplemental Benefit under Article IV of the Plan.

 Section 3.4. Forfeiture. 

 

	 	(a).	On a Participant’s Separation from Service, if the Participant’s Benefit is not vested under Section 3.2 or 3.3, the Participant’s Supplemental
Benefit will be immediately forfeited and no Supplemental Benefit will be payable under the Plan. 

  

	 	(b).	Notwithstanding any other provision in this Plan, in the event of a Participant’s involuntary termination of employment by the Company for Cause, the
Participant’s Supplemental Benefit, whether vested or unvested, will be immediately forfeited and no Supplemental Benefit will be payable under the Plan. 

 ARTICLE IV 
 BENEFITS 

Section 4.1. Supplemental Benefit. 
  

	 	(a).	 A Participant with 25 or more years of service with the Company will receive a Supplemental Benefit under the Plan equal to the excess, if any, of
“(a)” over “(b)” + “(c)” where “(a)” is 65% of the average of the highest consecutive three-year Pay paid to the Participant prior to retirement, “(b)” is an amount equal to
the accumulated Company contributions (other than employee pre-tax and after-tax contributions and matching contributions) allocated to an account or accounts for the Participant under the Qualified Retirement Plan from time to time, adjusted for
earnings each year at the one-year Treasury Bill rate compounded annually and assuming that each year’s contributions were deposited on the following March 1st, calculated at the Participant’s retirement, converted into an immediate annuity payment in the form of a joint
and 100% survivor annuity payable to the Participant and his Spouse based on a discount factor equal to the prime rate as published in the Wall Street Journal on the date of retirement and the 1983 Group Annuity Mortality Tables weighted equally for
males and females, and “(c)” is the primary Social Security benefit of the Participant at age 65. 

  
 3 

	 	(b).	For an Participant with 10-24 years of service, “(a)” will be determined according to the following schedule: 

 

					
	 Years of Service
	  	(a) Total Combined Benefit Target	 
	 24
	  	 	64	% 
	 23
	  	 	63	% 
	 22
	  	 	62	% 
	 21
	  	 	61	% 
	 20
	  	 	60	% 
	 19
	  	 	59	% 
	 18
	  	 	58	% 
	 17
	  	 	57	% 
	 16
	  	 	56	% 
	 15
	  	 	55	% 
	 14
	  	 	54	% 
	 13
	  	 	53	% 
	 12
	  	 	52	% 
	 11
	  	 	51	% 
	 10
	  	 	50	% 

 Section 4.2. Early Retirement. 

 

	 	(a).	 A Participant who retires from the service of the Company after attaining age 60, but before attaining age 65, and who possesses a combined total of
age and years of service with the Company at least equal to 90, will receive a Supplemental Benefit adjusted as follows: The Supplemental Benefit payable under this Plan shall be reduced by 0.5% for each full month by which the date of the
commencement of Benefits precedes the Participant’s attainment of age 65. For example, assume a Participant with 25 years of service with the Company retires on his 62nd birthday and that the average of his highest consecutive three-year Pay prior to retirement is $153,846 per year. If
the Participant were age 65 at the date of his retirement, he would receive an annual Benefit of $100,000 ($153,846 x 65%). However, because he must commence receiving his Benefit at age 62, the annual $100,000 Benefit will be reduced by 0.5% for
each month by which the date of commencement precedes his attainment of age 65. As a result, he would receive an annual Benefit commencing at age 62 of $82,000 ($100,000—$18,000 [$100,000 x 18% [36 months x 0.5%]] = $82,000). Notwithstanding
the foregoing, a Supplemental Benefit payable to a Participant who terminates employment due to a Disability will not be subject to reduction for early payment. 

 

	 	(b).	In the event of commencement of Supplemental Benefits prior to attainment of age 62, the Supplemental Benefit payable under this Plan shall include a Social
Security “bridge” payment equal to the amount of the Social Security benefit at age 62, until such time as the Eligible Officer attains age 62. 

 

	 	(c).	In the event of commencement of Supplemental Benefits between age 62 and age 65, the Social Security benefit amount to be used in determining the Supplemental
Benefit payable under this Plan shall be the Social Security benefit amount payable on the actual date of retirement. 

  
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 Section 4.3. Surviving Spouse. 

 

	 	(a).	If a Participant dies after commencement of payment under Section 5.1, the Participant’s Surviving Spouse, if any, will continue to receive for the life of
the Spouse an amount equal to 100% of the Participant’s monthly Supplemental Benefit at the same time and in the same form as the Supplemental Benefit would have been paid to the Participant had he or she lived. 

 

	 	(b).	If the Participant dies before commencement of the Supplemental Benefit payments, the Surviving Spouse will receive payment of 100% of the monthly Supplemental Benefit
that would have been payable to the Participant under the benefit formula provided in Section 4.1 had the Participant lived. Notwithstanding the previous sentence, if the Participant had not attained age 65 at the time of his death, the
Supplemental Benefit payable to the Surviving Spouse will be determined as if the Participant had attained age 65 on the day before his death. Payment to the Surviving Spouse under this Subsection will be made in equal monthly installments for the
life of the Spouse. Payment will commence on, or as soon as practicable after, the later of the date of the Participant’s death or the date the Participant would have attained age 60 had he or she lived. If payment of the Supplemental Benefit
commences before the date the Participant would have attained age 65, the Benefit payable to the Surviving Spouse will be reduced by 0.5% for each full month by which the date of commencement precedes the date the Participant would have attained age
65. 

  

	 	(c).	All rights to the Supplemental Benefit will terminate and no other beneficiary will be entitled to payment of any amount under this Plan if (1) a Participant is
not survived by a Surviving Spouse at the time of his death, or (2) payment has already commenced to a Surviving Spouse under this Section and the Spouse dies. 

Section 4.4. Involuntary Termination of Employment. 

In the event of a Participant’s Separation from Service due to an Involuntary Termination, a Participant with at least ten years of
continuous service with the Company will receive a Supplemental Benefit determined as follows: The Benefit will be determined under Section 4.1, based on the Participant’s years of service as of the termination date and using the average
of the highest consecutive three-year Pay paid prior to the Involuntary Termination, instead of the average for the Pay paid prior to retirement. For a Participant who has not yet attained age 65 at the time of the Involuntary Termination, the
Benefit will be further adjusted by reducing the total combined benefit target specified in Section 4.1 (based on the Participant’s years of service) by a factor equal to (a) the combined benefit target, multiplied by (b) 1%,
multiplied by (c) the difference between (i) age 65 and (ii) the Participant’s age at the time of the Involuntary Termination. For example, the Supplemental Benefit payable to a Participant who is age 45 and who has 15 years of
service with the Company at the time of the Involuntary Termination would have a combined benefit target of 44% (55% [based on 15 years of service] – 11% [55% x 1% x 20 [65-45]] = 44%). If a Benefit payable under this Section commences before
the date the Participant attains age 65, the Benefit will be reduced by 0.5% for each full month by which the date of commencement precedes the Participant’s attainment of age 65. 

Section 4.5. Termination on a Change of Control. 

In the event of a Participant’s Separation from Service due to a Termination on a Change of Control, a Participant with at least ten
years of continuous service with the Company will receive a Supplemental Benefit determined as follows: The Benefit will be determined under Section 4.1, based on the Participant’s years of service as of the termination date and using the
greater of (a) the average of the highest consecutive three-year Pay paid prior to the Change of Control, or (b) the average of the highest consecutive three-year Pay paid prior to termination of employment. If payment of the Benefit
commences before the date the Participant attains age 65, the Benefit will be reduced by 0.5% for each full month by which the date of commencement precedes the Participant’s attainment of age 65. 

Section 4.6. Other Benefits. 
 While receiving Supplemental Benefits under this Plan, the Participant and his Spouse shall be entitled to Company paid medical and dental insurance, under medical and dental insurance plans made
available to employed officers of the Company from time to time or under an equivalent insurance arrangement. In addition, for a Participant and his Spouse whose Supplemental Benefits under this Plan commence on or after January 1, 2002, the
Participant and Spouse shall be entitled to Company paid long-term care insurance under a long-term care insurance plan made available to employed officers of the Company from time to time or under an equivalent insurance arrangement. 

  
 5 

 ARTICLE V 

TIME AND FORM OF BENEFIT PAYMENT 
 Section 5.1. Time of Payment. 
 Upon a Participant’s
Separation from Service for any reason other than Cause, subject to Section 5.3, payment of the Supplemental Benefit will commence on, or as soon as practicable after, the later of the Participant’s Separation from Service or the date the
Participant attains or would have attained age 60. 
 Section 5.2. Form of Payment. 

Supplemental Benefits under the Plan will be paid to a Participant or a Participant’s Surviving Spouse in equal monthly installments
for the life of the Participant or the Participant’s Surviving Spouse, as determined under Article IV. 

Section 5.3. Six-Month Delay. 
 Notwithstanding any other provision in this Plan to the contrary, to the extent that (a) the Participant is determined to be a “specified employee” within the meaning of Code
Section 409A, and (b) any amounts payable under this Plan are payable solely because of the Participant’s Separation from Service within the meaning of Code Section 409A, then such amounts will not be payable to the Participant
before the date that is six months after the Participant’s Separation from Service (or, if earlier, the date of death of the Participant). Payments to which a Participant would otherwise be entitled during the first six months following the
Participant’s termination date will be accumulated and paid on the day that is six months after the termination date. For this purpose, a Benefit payable will be paid as the amount calculated at the time of Separation from Service (without
adjustment for delay in payment). 
 ARTICLE VI 

AGREEMENT NOT TO COMPETE 
 Section 6.1. Agreement Not to Compete. 
 Payment of the Benefit
under this Plan is contingent upon the Participant’s agreement not to directly or indirectly engage in or compete with the business of the Company, either as owner, partner or employee for a period of the later to occur of the expiration of
three years after retirement or the attainment of 65 years of age (the “Non-Compete Period”). In the event a Participant competes with the business of the Company, payment of the Benefit under this Plan will be suspended so long as the
Participant engages in activity deemed to be in competition with the business of the Company during the Non-Compete Period. Notwithstanding the foregoing, this Article VI shall not apply to a Participant after the Participant’s Termination on a
Change of Control. 
 ARTICLE VII 
 MISCELLANEOUS PROVISIONS 
 Section 7.1. Funding.

 This Plan is maintained as an unfunded Plan which is not intended to meet the qualification requirements of Code
Section 401. All rights of any Participant or Surviving Spouse under this Plan shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of the Company for payment of any amounts
due hereunder. No Participant or Surviving Spouse shall have any interest in or any rights against any specific assets of the Company, and a Participant or Surviving Spouse shall have only the rights of a general unsecured creditor of the Company.
It is intended that the Plan is an unfunded nonqualified deferred compensation arrangement for income tax purposes. No benefits under this Plan shall be payable from the trust fund maintained under or in accordance with the provisions of the
Qualified Retirement Plan. 
 Section 7.2. Funding Withholding. 

The Company has the right to deduct or withhold from the Supplemental Benefit paid under the Plan (or from other amounts payable to the
Participant, if necessary) all taxes that are required to be deducted or withheld under any provision of law (including, but not limited to, Social Security and Medicare taxes (FICA) and income tax withholding) now in effect or that may become
effective any time during the term of the Plan. 

  
 6 

 Section 7.3. Funding Social Security and Qualified Retirement Plan.

 Any increases in Social Security benefits payable to a Participant after retirement under this Plan and any increases
in the Participant’s amounts under the Qualified Retirement Plan after retirement under this Plan will not be considered in determining any Benefit payable under this Plan. 

Section 7.4. Funding Nonassignability. 
 No interest of any Participant or Surviving Spouse under this Plan, or any right to receive any payment hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment,
garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against such Participant or
Surviving Spouse, including, but not limited to, claims for alimony, support, separate maintenance, and claims in bankruptcy proceedings. 
 Section 7.5. Funding Nonguarantee of Employment. 
 This Plan
shall not be construed as giving any Participant the right to be retained in the employment of the Company. 

Section 7.6. Funding Death Benefits. 
 Except as provided in Section 4.3, there shall be no death benefit payable under this Plan. 
 Section 7.7. Funding Deferred Retirement. 
 In the event a
Participant retires after age 65, the amount of the Supplemental Benefit payable under this Plan shall be the Participant’s Benefit calculated at the actual retirement date (rather than age 65) under the benefit formulas in Article IV. The
amount of the Benefit will not be further adjusted for the period from age 65 to the actual retirement date to take into account the delayed commencement date. 
 Section 7.8. Funding Claims Procedures. If a Participant or Surviving Spouse (the “Claimant”) does not receive the Supplemental Benefit to which the Claimant believes he or
she is entitled, the Claimant may file a claim in writing with the Compensation Committee. The Compensation Committee will establish a claims procedure with the following provisions: 

 

	 	(a).	Notification of Decision. If the claim is wholly or partially denied, the Compensation Committee will notify the Claimant in writing within 90 days after the
claim has been received (unless special circumstances require an extension of up to 90 additional days). The written notification must state the specific reasons for the denial of the claim and the specific references to the Plan provisions on which
the denial is based. It must describe any additional material the Claimant may need to submit to the Compensation Committee to have the claim approved and must give the reasons the material is necessary. In addition, the notice must explain the
claim review procedure and be written in a manner calculated to be understood by the Claimant. 

  

	 	(b).	Claim Review Procedure. If the Claimant receives a notice that the claim has been denied, the Claimant, or his or her authorized representative, may appeal to
the Compensation Committee for a review of the claim. The Claimant must submit a request for review in writing to the Compensation Committee no later than 60 days after the date the written notice of the claim denial is received. The Claimant, or
his or her representative, may then review Plan documents that pertain to the claim and may submit issues and comments in writing to the Compensation Committee. The Compensation Committee must give the claim for review a full and fair review and
must deliver to the claimant a written determination of the claim, including specific reasons for the decision, not later than 60 days after the date the Compensation Committee received the request for review (unless special circumstances require an
extension of up to 60 additional days). The decision of the Compensation Committee will be final and conclusive (other than matters regarding a Participant upon or after the Participant’s Termination on a Change of Control).

  
 7 

 Section 7.9. Notice. Each notice and other communication concerning the
Plan must be in writing and is deemed given only when (a) delivered in hand, (b) transmitted by telex or telecopier (provided that a copy is sent at approximately the same time by registered or certified mail, return receipt requested), or
(c) received by the addressee, if sent by registered or certified mail, return receipt requested, or by Express Mail, Federal Express or other overnight delivery service. Notice must be given to the Company at its principal office and to the
Participant at his last known address (or to such other address or telecopier number as a party may specify by notice given to the other party in accordance with this Section). 

Section 7.10. New York Law Controlling. The Plan will be construed in accordance with the laws of the State of New
York. 
 Section 7.11. Severability. Every provision of the Plan is intended to be severable. If any
provision of the Plan is illegal or invalid for any reason whatsoever, the illegality or invalidity of that provision will not affect the validity or legality of the remainder of the Plan, and the Plan will be construed and enforced as if the
illegal or invalid provision had never been made part of the Plan. 
 Section 7.12. Binding on Successors.
The Plan is binding upon the Participants and the Company, their heirs, successors, legal representatives and assigns. 

Section 7.13. Code Section 409A Compliance. 

Benefits under the Plan are intended to comply with the rules of Code Section 409A and will be construed accordingly. However, the
Company will not be liable to any Participant or Surviving Spouse with respect to any adverse tax consequences arising under Section 409A or other provision of the Code. All terms of the Plan that are undefined or ambiguous shall be interpreted
in a manner that is consistent with Code Section 409A if necessary to comply with Code Section 409A. 
  

									
		 		 		 	ASTRONICS CORPORATION
					
	Dated:	 	 	 		 	By:	 	 
		 		 		 		 	Title

  
 8

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