Document:

Kaman Corporation Post-2004 Supplemental Employees' Retirement Plan

    
      

    
Exhibit 10.11

    

     

    KAMAN
      CORPORATION

     

    POST-2004

     

    SUPPLEMENTAL
      EMPLOYEES’ RETIREMENT PLAN

     

    

     

    ARTICLE
      1

     

    BACKGROUND

     

    1.1  Establishment
      of the Plan.
      Kaman
      Corporation (“Kaman” or the “Company”) has established this Kaman Corporation
      Post-2004 Supplemental Employees’ Retirement Plan (“Plan”) effective January 1,
      2005. Capitalized terms used in the Plan are defined in Article 2
      below.

     

    1.2  Coverage.
      The
      Plan applies only to Qualified Executives who are actively employed by a
      Participating Employer on or after January 1, 2005. Amounts accrued but not
      vested under the Prior Plan as of December 31, 2004 shall be subject to the
      terms of the Plan (and shall not be subject to the terms of the Prior
      Plan).

     

    1.3  Purposes.
      The
      Company maintains the Plan to:

     

    (a)  provide
      Participants with the benefits to which they would be eligible under the Pension
      Plan but for the limitations under Sections 401(a)(17) and 415 of the Code
      (subject to the modifications set forth in Section 4.2 below); and

     

    (b)  include
      any “Deferral Amounts” (as defined in the Deferral Plan) as eligible
      compensation under this Plan that are not included under the Pension Plan;
      and

     

    (c)  provide
      those Participants who are employed by a Participating Employer other than
      the
      Company an additional benefit that is the equivalent of the additional benefit
      that they would have received under the Pension Plan if they instead had been
      employed by the Company.

     

    1.4  Section
      409A.

     

    (a)  The
      Plan
      is intended to comply and shall be interpreted and construed in a manner
      consistent with the provisions of Section 409A. Any provision under the Plan
      that would cause any benefit hereunder to be subject to Federal income tax
      prior
      to payment shall be void as of the Effective Date without the necessity of
      further action by the Board. 

     

    (b)  There
      shall be no acceleration or subsequent deferral of the time or schedule of
      any
      payment under the Plan except as permitted under Section 409A and the express
      terms of the Plan.

     

    
      
        
        

      

      
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    (c)  All
      references to Section 409A in the Plan shall also refer to Notice 2005-1, Notice
      2006-79 (with respect to periods before January 1, 2008) and Treasury
      regulations (as applicable to periods after December 31, 2007).

     

    (d)  The
      provisions of the Plan shall not apply to the Prior Plan or constitute a
      material modification of the Prior Plan.

     

    ARTICLE
      2

     

    DEFINITIONS

     

    Whenever
      capitalized in this document, the following terms shall have the respective
      meanings set forth below. References in the Plan to sections of the Code and
      ERISA shall include references to the comparable or succeeding provisions of
      any
      legislation that amends or replaces such sections.

     

    2.1  Administrator
      means
      the Personnel and Compensation Committee of the Company’s Board of Directors or
      another duly authorized committee of the Board.

     

    2.2  Affiliated
      Employer
      means
      any corporation, trust, association, enterprise or other entity that
      is:

     

    (a)  required
      to be considered, together with the Company, as one employer under Sections
      414(b), 414(c), 414(m) or 414(o) of the Code; or

     

    (b)  designated
      an Affiliated Employer by the Company.

     

    An
      “Affiliated Employer” does not include any corporation or unincorporated trade
      or business prior to the date on which such corporation, trade or business
      satisfies the affiliation or control tests in (a) above, or the date it is
      designated an Affiliated Employer under paragraph (b) above, whichever is
      applicable.

     

    2.3  Board
      means
      the Company’s board of directors.

     

    2.4  Change
      in Control
      shall
      have the meaning set forth in the Participant’s Change in Control Agreement, as
      amended from time to time.

     

    2.5  Code
      means
      the Internal Revenue Code of 1986, as amended from time to time.

     

    2.6  Deferral
      Plan
      means
      the Kaman Corporation Amended and Restated Deferred Compensation Plan, as may
      be
      subsequently amended from time to time.

     

    2.7  Effective
      Date
      means
      January 1, 2005.

     

    2.8  Employee
      shall
      have the same meaning as under the Pension Plan.

     

    2.9  ERISA
      means
      the Employee Retirement Income Security Act of 1974, as amended from time to
      time.

     

    
      
        
        

      

      
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    2.10  Participant
      means an
      individual who has satisfied the requirements of Article 3 and who has an
      accrued benefit under the Plan.

     

    2.11  Participating
      Employer
      means
      the Company, Kaman Music Corporation, Kaman
      Industrial Technologies Corporation and any other Affiliated Employer designated
      from time to time by the Company to participate in the Plan.

     

    2.12  Pension
      Benefits
      means
      the benefits payable under the Pension Plan.

     

    2.13  Pension
      Plan
      means
      the Kaman Corporation Employees’ Pension Plan, as amended.

     

    2.14  Plan
      means
      this Kaman Corporation Post-2004 Supplemental Employees’ Retirement Plan, as may
      be subsequently amended from time to time.

     

    2.15  Plan
      Year
      means
      the calendar year.

     

    2.16  Prior
      Plan
      means
      the Kaman Corporation Supplemental Employees’ Retirement Plan established on
      April 30, 1976, as amended.

     

    2.17  Qualified
      Executive
      means an
      Employee who is eligible to participate in the Pension Plan and has been
      approved for participation in the Plan by the Administrator. An individual
      shall
      cease to be a Qualified Executive on the earlier of the date determined by
      the
      Administrator or the date the individual becomes a participant in another plan
      sponsored by an Affiliated Employer that provides for the deferral of
      compensation to achieve one or more of the purposes set forth in Section 1.3
      above.

     

    2.18  Rabbi
      Trust
      means a
      grantor trust as described in Revenue Procedure 92-64.

     

    2.19  Retirement
      or
Retire
      means a
      Participant’s Separation from Service with a Participating Employer after
      meeting the requirements for a “Normal Retirement Date” or an “Early Retirement
      Date” as those terms are respectively defined under the Pension Plan, on the
      Participant’s Separation from Service.

     

    2.20  Separation
      from Service or Separates from Service or Separated from Service
      means
      cessation of service with the Company and its Affiliated Employers within the
      meaning of Section 409A.

     

    2.21  Spouse
      means a
      person who meets the definition of “Spouse” under the Pension Plan.

     

    2.22  Surviving
      Annuitant
      means
      the individual or individuals entitled to receive payment under this Plan upon
      the Participant's death, including any beneficiary designated by Robert M.
      Garneau under Section 10.3 below.

     

    
      
        
        

      

      
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    ARTICLE
      3 

     

    PARTICIPATION

     

    3.1  Participation
      for Qualified Participants Covered under the Prior Plan.
      An
      individual who participated in the Prior Plan on or before December 31, 2004
      and
      is actively employed by a Participating Employer as a Qualified Executive on
      January 1, 2005 shall be a Participant in the Plan on the Effective
      Date.

     

    3.2  Participation
      on and after the Effective Date.
      Each
      individual who becomes a Qualified Executive on or after the Effective Date
      but
      did not participate in the Prior Plan shall be eligible to commence
      participation in Plan upon the later of (a) the first day of the first month
      after becoming a Qualified Executive and (b) becoming a participant in the
      Pension Plan.

     

    3.3  Change
      in Status.
      If a
      Participant ceases to be a Qualified Executive but remains employed by a
      Participating Employer, then the amount of such Participant’s benefits under the
      Plan shall equal the amount would have been payable to the Participant (or
      Surviving Annuitant) hereunder as if the Participant had Separated from Service
      at the end of the Plan Year in which the Participant ceased to be a Qualified
      Executive. Any amount payable under this Section 3.3 shall be payable at the
      time or times provided in Article 5 based on the Participant’s actual Separation
      from Service.

     

    3.4  No
      Guarantee of Eligibility.
      An
      Employee’s eligibility to accrue benefits under the Plan with respect to any
      particular Plan Year does not guarantee continued eligibility to accrue benefits
      in any future Plan Year.

     

    ARTICLE
      4 

     

    AMOUNT
      OF BENEFITS

     

    4.1  Basic
      Formula.
      Subject
      to Sections 3.3, 4.2, 4.3, 9.2 and 9.3 and Article 10 of the Plan, the amount
      of
      benefit under the basic formula equals (a) minus (b) where:

     

    (a)  is
      the
      benefit to which the Participant or Surviving Annuitant would be entitled under
      the Pension Plan with the following adjustments:

     

    (i)  determined
      as if the limitations in Code Sections 401(a)(17) and 415 did not
      apply;

     

    (ii)  assuming
      that "Average Final Salary" and “W-2 Earnings,” as those terms are defined under
      the Pension Plan, include amounts deferred by the Participant under the Deferral
      Plan (but only to the extent such deferred amounts would have been included
      in
      pensionable earnings but for the deferral); and

     

    (iii)  disregarding
      the minimum distributions, if any, required to have been made under Section
      401(a)(9) of the Code; and

     

    
      
        
        

      

      
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    (b)  is
      the
      aggregate benefit under the Pension Plan and the Prior Plan determined as if
      such benefits actually commence on the Participant’s (or, if applicable,
      Surviving Annuitant’s) benefit commencement date under the Plan, regardless of
      the actual date of benefit commencement under the Pension Plan and the Prior
      Plan.

     

    4.2  Adjustments
      to “Average Final Salary” and “W-2 Earnings”.
      In
      calculating the amount of annual benefit that would have accrued for a
      Participant under the Plan for purposes of Section 4.1(a) above, the following
      rules shall apply:

     

    (a)  Only
      salary and annual bonus payable before the date of the Participant's Separation
      from Service with respect to periods of active employment shall be treated
      as
“W-2 Earnings” for purposes of Section 4.1(a)(ii) with respect to all periods
      after December 31, 2005. Under no circumstances shall severance or salary
      continuation payments made under any plan, program arrangement or agreement
      of
      the Company or an Affiliated Employer or equity compensation which becomes
      taxable after December 31, 2005 be included in determining “W-2 Earnings” or
“Average Final Salary” for purposes of the Plan.

     

    (b)  “Average
      Final Salary” for purposes of Section 4.1(a)(ii) above shall be calculated based
      on the highest “W-2 Earnings” from the Company and all Participating Employers
      for any five years, whether consecutive or not, during the last ten years (or
      during the total number of years if less than ten) before Separation from
      Service.

     

    4.3  Adjustment
      for Participants Employed by a Participating Employer Other than the
      Company.
      In the
      case of a Participant who is employed by a Participating Employer other than
      the
      Company, the amount of annual benefit that would have accrued for such a
      Participant under the Pension Plan shall be determined under Section 4.1(a)
      above as if the Participant were directly employed by the Company.

     

    4.4  Form
      of Annuity Expressed in Basic Formula.
      The
      amount determined under the basic formula under Section 4.1 above is expressed
      in the form of a hypothetical life annuity as follows:

     

    (a)  In
      the
      case of a Participant who has a Spouse on the date benefit payments commence
      under this Plan, a life annuity payable monthly commencing on the Annuity
      Starting Date and ending with the payment due for the month in which the
      Participant’s death occurs, and if the Participant shall die prior to such
      Spouse, continuing to the Spouse at 50% of the amount payable to the Participant
      and ending with the payment due for the month in which the death of the Spouse
      occurs. 

     

    (b)  In
      the
      case of Robert M. Garneau, in the event that he does not have a Spouse on the
      date benefits commence under this Plan, a life annuity payable monthly
      commencing on the Annuity Starting Date and ending with the payment due for
      the
      month in which Mr. Garneau’s death occurs, and if Mr. Garneau shall die before
      the person designated as his beneficiary under Section 10.3 below, continuing
      to
      such beneficiary at 50% of the amount payable to the Participant and ending
      with
      the payment for the month in which the death of the beneficiary
      occurs.

     

    
      
        
        

      

      
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    For
      purposes of this Section 4.4, “Annuity Starting Date” with respect to a
      Participant means the first day of the first period for which a benefit is
      payable under the Plan. 

     

    4.5  Death
      Benefit.
      In the
      event that a Participant dies before receiving payment of the benefits otherwise
      payable under Article 4, the death benefit payable under this Plan shall be
      the
      same amount as if the Participant had Separated from Service the day immediately
      before the Participant's death and been entitled to receive a payment with
      respect to the amount calculated under Sections 4.1 through 4.4 under this
      Plan
      and the Prior Plan. The amount of the death benefit as determined under this
      Section 4.5 shall be paid as provided in Article 5.

     

    

    ARTICLE
      5

     

    TIME
      AND FORM OF PAYMENTS

     

    5.1  Benefits
      Commencing before 2008.
      Benefits payable under the Plan that commence before 2008 shall be paid in
      the
      same form and at the same time in which the Pension Benefit is actually paid
      in
      accordance with the terms of the Prior Plan as in effect on October 3, 2004.
      Notwithstanding the foregoing, death benefits payable under Section 4.5 due
      to a
      Participant’s death at any time prior to receiving payment hereunder shall be
      payable under Section 5.2 below.

     

    5.2  Benefits
      Commencing after 2007.
      All
      benefits under the Plan that are not payable under Section 5.1 above shall
      be
      paid as follows:

     

    (a)  A
      Participant who Retires on or at any time after meeting the requirements for
      “early retirement” under the Pension Plan shall receive his or her benefit under
      the Plan
      on the
      earliest payroll date that does not result in adverse tax consequences under
      Section 409A of the Code following the Participant’s
      Retirement.

     

    (b)  A
      Participant who Separates from Service other than on account of Retirement
      or
      death shall receive his or her benefit under the Plan
      on the
      earliest payroll date that does not result in adverse tax consequences under
      Section 409A of the Code following
      the date the Participant has attained age 55.

     

    (c)  In
      the
      case of a Participant who dies before commencing benefits under the Plan but
      with respect to whom a benefit is to be paid to the Participant’s surviving
      Spouse, the surviving Spouse (or, in the case of Mr. Garneau, his then current
      beneficiary under Section 10.3, if applicable) shall receive his or her benefit
      under the Plan as of whichever of the following dates is
      applicable:

     

    (i)  If
      the
      Participant dies on or after becoming eligible to have begun to receive a
      benefit under the Plan, the surviving Spouse (or, in the case of Mr. Garneau,
      his then current beneficiary under Section 10.3, if applicable) shall receive
      his or her benefit under the Plan on the first day of the month next following
      such Participant’s date of death.

     

    (ii)  If
      the
      Participant was not eligible to receive a benefit under the Plan on his or
      her
      date of death, the surviving Spouse (or, in the case of Mr. Garneau, his then
      current beneficiary under Section 10.3, if applicable) shall receive his or
      her
      benefit under the Plan on the first day of the month on or next following the
      first date on which the Participant could have begun to receive his or her
      benefits under the Plan.

     

    
      
        
        

      

      
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    If
      a
      Participant’s Spouse (or in the case of Mr. Garneau, his then current
      beneficiary under Section 10.3, if applicable) predeceases the Participant,
      and
      the Participant has not previously received payment of benefits under Article
      4,
      the benefits that would have been payable to the Participant’s Spouse (or in the
      case of Mr. Garneau, his then current beneficiary under Section 10.3, if
      applicable) under Section 5.2(c) as described above shall be payable to the
      Participant’s estate.

     

    5.3  Form
      of Payment.
      

     

    (a)  A
      Participant shall receive his or her benefits under the Plan in the form of
      a
      single lump sum payment, which shall equal the actuarial equivalent of the
      amount under the basic formula in Section 4.1 expressed in the form of the
      hypothetical annuity set forth in Section 4.4 above. 

     

    (b)  In
      the
      event of a Participant’s death prior to a distribution of a lump sum payment
      under this Plan, the Participant’s surviving Spouse (or in the case of Mr.
      Garneau, his beneficiary under Section 10.3 below, if applicable) or the
      Participant’s estate if there is no surviving Spouse (or in the case of Mr.
      Garneau, his then current beneficiary under Section 10.3, if applicable,
      predeceases him) shall receive the death benefit as described in Section 4.5
      above in a single lump sum payment. Notwithstanding the foregoing, a change
      of
      beneficiary by Mr. Garneau under Section 10.3 after February 20, 2007 shall
      not
      impact the amount of the lump sum payable to Mr. Garneau during his lifetime.
      

     

    (c)  For
      purposes of this Section 5.3, the “actuarial equivalent” lump sum payment shall
      be determined by using the mortality table and interest rate that would be
      used
      at the time of payment in computing the value of a lump sum payment under the
      Pension Plan. Currently, the mortality table and interest rate for such purpose
      is set forth in Section 2.1(c) of the Pension Plan.

     

    5.4  Effect
      of Reemployment.
      Anything in the Plan to contrary notwithstanding, in the event benefit payments
      commence under the Plan to a Participant, and such individual is subsequently
      rehired by a Participating Employer, then:

     

    (a)  such
      individual shall not accrue additional benefits under the Plan unless
      specifically permitted by the Administrator. If additional accruals are
      permitted, then the benefit payable to such Participant under the Plan upon
      the
      individual's subsequent Retirement may be reduced, in the sole discretion of
      and
      in the manner prescribed by the Administrator consistent with corresponding
      provisions of the Pension Plan, by the value of the benefits previously
      received; and

     

    (b)  if
      benefit payments have commenced, but have not been completed, then such benefit
      payments shall be suspended in the same manner and to the same extent that
      benefit payments are suspended under the Pension Plan upon the Participant's
      reemployment.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    5.5  Nonduplication
      of Benefits.
      It is
      intended that benefits shall not be paid under both the Plan and the Prior
      Plan
      with respect to the same period of service. The Plan shall be interpreted
      wherever necessary to avoid such duplication of benefits with the Prior
      Plan.

     

    5.6  Delay
      of Payment.
      To the
      extent permitted under Section 409A, there shall be a delay of any payment
      otherwise required under the Plan if such payment would violate securities
      laws
      and result in material harm to one or more Participating Employers. The delay
      shall last until the first calendar year in which the Administrator reasonably
      anticipates that the payment would not violate this restriction. If there is
      any
      delay in payment under this Section 5.6, interest shall be credited for the
      period of the delay at
      the
      applicable federal rate under Section 1274 of the Code. In the event that a
      Participant or a Surviving Annuitant, as the case may be, dies after becoming
      entitled to receive a lump sum payment under this Plan but before expiration
      of
      a required period of delay under this Section 5.6, the estate of such
      Participant or Surviving Annuitant shall receive such payment as soon as
      reasonably practicable after expiration of such required period of
      delay.

     

    ARTICLE
      6

     

    CHANGE
      IN CONTROL

     

    6.1  Accelerated
      Funding Obligation.
      In the
      event of a Change in Control, the Company shall have the same obligations to
      fund benefits under the Plan using a Rabbi Trust with an independent corporate
      trustee as set forth in the Prior Plan on January 1, 2005.

     

    6.2  No
      Acceleration of Payment.
      In no
      event shall the payment of benefits under the Plan be accelerated in the manner
      described in the last sentence of Section 6(b) of the Prior Plan if the Company
      following a Change of Control breaches its funding obligation. 

     

    ARTICLE
      7 

     

    FINANCING

     

    7.1  Unfunded
      Plan.
      All
      benefits payable under this Plan to or on behalf of Participants shall be paid
      from the general assets of the Company or of a Participating Employer. Except
      as
      provided under Article 6 above, the Company, and each Participating Employer,
      shall not be required to set aside any funds to discharge its obligations
      hereunder, but may set aside such funds to informally fund all or part of its
      obligations hereunder if it chooses to do so, including without limitation
      the
      contribution of assets to a Rabbi Trust. To the extent funds are set aside
      in a
      Rabbi Trust for a Participant, benefit payments due under the Plan shall be
      paid
      from the Rabbi Trust to the Participant, unless such benefit payments are paid
      directly by the Participating Employer. Any setting aside of amounts, or
      acquisition of any insurance policy or any other asset, by the Company (or
      other
      Participating Employer) with which to discharge its obligations hereunder in
      trust or otherwise, shall not be deemed to create any beneficial ownership
      interest in any Employee, Participant, or Surviving Annuitant, and legal and
      equitable title to any funds so set aside shall remain in the Company (or other
      Participating Employer), and any recipient of benefits hereunder shall have
      no
      security or other interest in such funds. The rights of the Participant (or,
      in
      the event of a Participant’s death, the Surviving Annuitant) under the Plan
      shall be no greater than the rights of a general unsecured creditor of the
      Company. Any and all funds so set aside by a Participating Employer shall remain
      subject to the claims of its general creditors, present and future.

     

    
      
        
        

      

      
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    7.2  Application
      of ERISA.
      The
      Plan is intended to be an unfunded plan maintained primarily to provide deferred
      compensation benefits to a select group of "management or highly compensated
      employees" within the meaning of Sections 201, 301, and 401 of ERISA, and
      therefore is exempt from the provisions of Part 2, 3, and 4 of Title 1 of ERISA.
      Anything in the Plan to the contrary notwithstanding, in the event that the
      Department of Labor, the Internal Revenue Service, or a court of competent
      jurisdiction determines that the Plan is not maintained for a select group
      of
      management or highly compensated for purposes of Sections 201, 301, and 401
      of
      ERISA, then the Plan shall be deemed to be two separate and distinct plans,
      one
      covering the group of Participants who constitute a select group of management
      or highly compensated employees, and the second covering all other Participants.
      The Administrator is authorized to take any and all actions necessary to
      implement this Section 7.2 provided that any such action shall comply with
      Section 409A.

     

    ARTICLE
      8 

     

    ADMINISTRATION
      OF THE PLAN

     

    8.1  Plan
      Administration.
      The
      Plan shall be administered by the Administrator. The Administrator shall have
      the right to make such rules and regulations as it deems appropriate for the
      efficient administration of the Plan, to construe and interpret the Plan, to
      decide all questions of eligibility, and to determine the amount and time of
      payment of benefits hereunder to the fullest extent provided by law and in
      its
      sole discretion; any interpretations or decisions so made will be conclusive
      and
      binding on all persons having any interest in the Plan.

     

    8.2  General
      Powers of Administration.
      The
      Administrator shall be entitled to rely conclusively upon all tables,
      valuations, certificates, opinions and reports furnished by any actuary,
      accountant, controller, counsel or other person employed or engaged by the
      Company with respect to the Plan. For this purpose, the Administrator’s powers
      will include, but will not be limited to, the following authority, in addition
      to all other powers provided by this Plan:

     

    (a)  to
      make
      and enforce such rules and regulations as it deems necessary or proper for
      the
      efficient administration of the Plan, including the establishment of any claims
      procedures that may be required by applicable provisions of law;

     

    (b)  to
      interpret the Plan, its interpretation thereof in good faith to be final and
      conclusive on all persons claiming benefits under the Plan;

     

    (c)  to
      decide
      all questions concerning the Plan and the eligibility of any person to
      participate in the Plan;

     

    (d)  to
      appoint such agents, counsel, accountants, consultants and other persons as
      may
      be required to assist in administering the Plan; and

     

    
      
        
        

      

      
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    (e)  to
      allocate and delegate its responsibilities under the Plan and to designate
      other
      persons to carry out any of its responsibilities under the Plan, any such
      allocation, delegation or designation to be in writing.

     

    8.3  Claims
      Procedure.
      A
      Participant shall only be entitled to make a claim for benefits under the Plan
      in accordance with the procedures set forth in Appendix A to the Plan.

     

    ARTICLE
      9

     

    AMENDMENTS
      AND TERMINATION

     

    9.1  Amendment;
      Termination.
      The
      Board reserves the right to amend or terminate this Plan at any time, in full
      or
      in part. The Board may delegate the authority to amend or terminate the Plan
      to
      the Administrator or another committee of the Board. Notwithstanding the
      foregoing, no amendment or termination shall have the effect of:

     

    (a)  reducing
      or discontinuing any payments then being made or due to be made under the terms
      hereof immediately prior to such action;

     

    (b)  reducing
      or terminating any rights to future payments of benefits accrued under the
      Plan
      as of the date of termination; or

     

    (c)  causing
      the acceleration of payment of benefits upon such amendment or termination
      unless otherwise permitted under Section 409A.

     

    Notwithstanding
      the foregoing, nothing shall prohibit the Company from amending this Plan to
      the
      extent required to comply with Section 409A as determined by the Administrator;
      provided however, that if any such amendment requires the deferred payment
      of
      any amount hereunder, any
      such
      payment shall bear interest at the applicable federal rate under Section 1274
      of
      the Code.

     

    9.2  Effect
      of Amendment.
      If the
      Plan is amended, a minimum benefit shall be established to ensure that the
      affected Participant's total accrued benefit under the Plan and the Pension
      Plan
      after such amendment shall not be less than the total accrued benefit under
      the
      Plan and the Pension Plan determined immediately prior to the
      amendment.

     

    9.3  Effect
      of Termination.
      No
      additional benefits shall accrue following termination of the Plan. To the
      extent that the Plan is terminated, a minimum benefit shall be established
      to
      ensure that each affected Participant's total accrued benefit under the Plan
      and
      the Pension Plan after such termination shall not be less than the total accrued
      benefit under the Pension Plan and the Plan determined immediately prior to
      the
      termination.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    9.4  Participating
      Employers.
      Without
      affecting the continuing participation in the Plan by the Company or by any
      other Participating Employer, the Company, with or without cause, reserves
      the
      right to terminate the participation of any Participating Employer in the Plan
      by written notice to the Participating Employer. Each Participating Employer,
      acting through its board of directors, reserves the right to terminate the
      Plan
      to the extent that it relates to that Participating Employer and its Employees,
      by written notice to the Company. If a Participating Employer ceases to be
      an
      Affiliated Employer, or ceases to be a Participating Employer under the Plan,
      it
      shall be assumed that it has withdrawn from participation in the Plan for
      purposes of this Section, unless the Company agrees in writing to permit the
      Participating Employer to continue its participation in the Plan.
      Notwithstanding the foregoing, in no event shall the termination of
      participation of any Participating Employer affect the Company's obligations
      to
      satisfy any liabilities accrued under the Plan with respect to that
      Participating Employer's Employees who are Participants in the Plan in
      accordance with Section 11.8.

     

    ARTICLE
      10 

     

    PROVISIONS
      RELATING TO CERTAIN PARTICIPANTS

     

    10.1  Effect
      of Other Agreements.
      It is
      possible that one or more Participants shall enter into a legally binding
      agreement or agreements with the Company or an Affiliated Employer that relate
      (in whole or in part) to the Participant’s participation in the Plan and
      benefits hereunder. Such agreement may include, without limitation, providing
      for additional Continuous and Credited Service (as those terms are defined
      in
      the Pension Plan) in computing benefits under the Plan, in all cases or only
      upon the occurrence of one or more events. Any benefits payable hereunder shall
      be determined with reference to any such agreement. For avoidance of doubt,
      the
      modifications to the benefits under the Plan provided for under the Kaman
      Corporation Amended and Restated Change in Control Agreements dated January
      1,
      2007 extended to T. Jack Cahill, Candace A. Clark, Ronald M. Galla, Robert
      M.
      Garneau, Russell H. Jones and Robert H. Saunders, Jr. in the event that
      severance benefits are paid following a Change in Control are incorporated
      by
      reference into the Plan.

     

    10.2  Provisions
      Relating Solely to Paul R. Kuhn.
      The
      benefits payable with respect to Paul R. Kuhn under the Plan shall be determined
      in the same manner as provided under Section 10 of the Prior Plan with respect
      to his entire period of employment with the Company and the entire amount under
      Section 4.1(a); provided, however, that the amount payable under the Prior
      Plan
      with respect to periods prior to 2005 and the amount payable under the Pension
      Plan for all periods of employment shall offset the Company’s obligations to pay
      benefits under the Plan.

     

    10.3  Provisions
      Relating Solely to Robert M. Garneau.
      

     

    (a)  If
      Robert
      M. Garneau dies without a surviving Spouse before commencing payment of his
      benefits under the Plan, the Prior Plan or both, the Company shall pay a
      pre-retirement death benefit in the form of a single lump sum payment to his
      beneficiary. 

     

    (b)  “Beneficiary”
      for purposes of this Section 10.3 shall mean any individual or trust (other
      than
      an individual who is Mr. Garneau’s surviving Spouse at the date of his death)
      designated by Mr. Garneau in accordance the rules of the Administrator as in
      effect from time to time to receive the pre-retirement death benefit provided
      hereunder. A beneficiary designated by Mr. Garneau shall be considered a
“Surviving Annuitant” for purposes of the Plan.

     

    (c)  Mr.
      Garneau may change a beneficiary designation at any time by giving written
      notice to the Administrator. Any change shall not be effective until received
      by
      the Administrator and the Administrator shall be fully protected in making
      distributions in accordance with the latest beneficiary designation on file.
      If
      Mr. Garneau designates more than one beneficiary, the amount of the
      pre-retirement death benefit, if any, to be divided among the beneficiaries
      shall be determined based solely on the life of the oldest beneficiary.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      11

     

    MISCELLANEOUS

     

    11.1  No
      Guarantee of Employment.
      Nothing
      contained herein shall give any Participant the right to be retained in the
      employ of a Participating Employer or to interfere with the right of a
      Participating Employer to discharge the Participant, nor shall it give a
      Participating Employer the right to require the Participant to remain in its
      employ or to interfere with the Participant’s right to terminate employment at
      any time.

     

    11.2  Prohibition
      Against Alienation.
      No
      benefit payable under the Plan shall be subject in any manner to alienation,
      sale, transfer, assignment, pledge, attachment, or encumbrance of any kind
      except as required by applicable law. Benefits payable under the Plan shall
      not
      be subject to domestic relations orders, including qualified domestic relations
      orders (QDRO’s) except as required by applicable law.

     

    11.3  Tax
      Withholding.
      The
      Company (or other Participating Employer) shall have the right to deduct any
      required withholding taxes from any accrued benefit under the Plan. A
      Participating Employer shall not be obligated to pay, or reimburse the
      Participant for any income taxes or other taxes or penalties that may be
      assessed against the Participant by the Internal Revenue Service or any state
      or
      other taxing authority in connection with the Plan or its
      administration.

     

    11.4  Distribution
      of Taxable Amounts.
      Anything in the Plan to the contrary notwithstanding, in the event that the
      Plan
      fails to meet the requirements of Sections 409A or 451 of the Code and the
      regulations issued thereunder and as a result thereof any Participant is
      determined to be subject to federal income tax on any vested accrued benefit
      under the Plan before the time payment is otherwise due hereunder, the entire
      amount determined to be so taxable shall be paid by the Company (or other
      Participating Employer) in a lump sum to such Participant. A Participant’s
      vested accrued benefit under the Plan shall be determined to be subject to
      federal income tax upon the earlier of (a) a determination by the Internal
      Revenue Service addressed to the Participant that is not appealed; or (b) a
      final determination by the United States Tax Court or any other Federal Court
      affirming any such determination by the Internal Revenue Service that the
      Participant’s vested accrued benefits under the Plan are subject to immediate
      federal income tax.

     

    11.5  No
      Guarantee of Benefits.
      Nothing
      contained in the Plan shall constitute a guarantee by a Participating Employer,
      the Administrator or any other person or entity that the assets of a
      Participating Employer will be sufficient to pay any benefits hereunder. No
      Participant shall have any right to receive a benefit payment under the Plan
      except in accordance with the terms of the Plan.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    11.6  Incapacity
      of Recipient.
      If any
      person entitled to a benefit payment under the Plan is deemed by the
      Administrator to be incapable of personally receiving and giving a valid receipt
      for such payment, then, unless and until claim therefor shall have been made
      by
      a duly appointed guardian or other legal representative of such person, the
      Administrator may provide for such payment or any part thereof to be made to
      any
      other person or institution then contributing toward or providing for the care
      and maintenance of such person. Any such payment shall be a payment for the
      account of such person and a complete discharge of any liability of a
      Participating Employer and the Plan therefor.

     

    11.7  Limitations
      on Liability.
      In no
      event shall the Employees, officers, agents, directors, or stockholders of
      the
      Participating Employers be liable to any individual or entity on account of
      any
      claim arising by reason of the Plan provisions or any instrument or instruments
      implementing its provisions, or for the failure of any Participant, Surviving
      Annuitant or other individual or entity to be entitled to any particular tax
      consequences with respect to the Plan or any credit or payment
      hereunder. 

     

    11.8  Liability
      for Payment.
      Anything in the Plan to the contrary notwithstanding, each Participating
      Employer shall be liable for payments due under this Plan that are based upon
      its Employees’ participation in the Plan. In the event that a payment due
      hereunder is based upon participation in the Plan during employment with two
      or
      more Participating Employers, each such Participating Employer’s share of the
      liability will be based on amounts credited and earnings accrued while the
      Participant was employed with each such Participating Employer. The foregoing
      notwithstanding, if a Participating Employer fails to make a payment due to
      a
      Participant or a Surviving Annuitant under the Plan, and such Participating
      Employer is an Affiliated Employer, then the Company shall make such benefit
      payment on behalf of the Participating Employer. In the event a payment is
      made
      under this Plan by the Company on behalf of another Participating Employer’s
      Employee, the Company shall be entitled to reimbursement from such Participating
      Employer.

     

    11.9  Plan
      Expenses.
      All
      costs of maintaining the Plan shall be borne by the Company. 

     

    11.10  Provisions
      to Facilitate Plan Operations.
      If it
      is impossible or difficult to ascertain the person to receive any benefit under
      the Plan, the Administrator may, in its discretion and subject to applicable
      law, direct payment to the person it deems appropriate consistent with the
      Plan's purposes; or retain such amounts in the Plan for payment to a court
      pending judicial determination of the rights thereto. Any payment under this
      Section 11.10 shall be a complete discharge of any liability for the making
      of
      such payment under the provisions of the Plan.

     

    11.11  Correction
      of Payment Mistakes.
      Any
      mistake in the payment of a Participant’s benefits under the Plan may be
      corrected by the Administrator when the mistake is discovered. The mistake
      may
      be corrected in any reasonable manner authorized by the Administrator (e.g.,
      adjustment in the amount of future benefit payments, repayment to the Plan
      of an
      overpayment, or catch-up payment to a Participant for an underpayment). In
      appropriate circumstances (e.g., where a mistake is not timely discovered),
      the
      Administrator may waive the making of any correction. A Participant or a
      Surviving Annuitant receiving an overpayment by mistake shall repay the
      overpayment if requested to do so by the Administrator.

     

    11.12  Number.
      Where
      appropriate in context, the singular includes the plural, and the plural
      includes the singular.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    11.13  Governing
      Law.
      The
      Plan and all rights hereunder shall be governed by the laws of the State of
      Connecticut without
      regard to its conflicts of law principles,
      except
      to the extent that such laws are preempted by the laws of the United
      States.

     

    

     

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      REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK]

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Kaman Corporation has caused the Kaman Corporation Post-2004
      Supplemental Employees’ Retirement Plan to be executed on its behalf by its duly
      authorized officer this 20th day of February, 2007.

     

    
      
        	
                ATTEST:

              	 	 	
                KAMAN
                  CORPORATION

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                /s/
                  Candace A. Clark

              	 	 	
                /s/
                  Robert M. Garneau

              	 
	
                Candace
                  A. Clark

              	 	 	
                Robert
                  M. Garneau

              	 
	
                Senior
                  Vice President, Chief Legal

                Officer
                  and Secretary

              	 	 	
                Executive
                  Vice President

                and
                  Chief Financial Officer

              	 
	 	 	 	 	 
	 	 	 	 	 

      

      

    

     

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    APPENDIX
      A

    

    CLAIMS
      PROCEDURE

    

    1. Application
      for Benefits.
      The
      Participant shall apply in writing to the Administrator for benefits under
      the
      Plan.

    

    2. Review
      of Application for Benefits.
      The
      Administrator shall notify a Participant in writing, within 90 days of the
      receipt of a written application for benefits, of such Participant’s eligibility
      or ineligibility for benefits under the Plan.

    

    3. Review
      of Denied Claim.
      If the
      Administrator determines that a Participant is not eligible for any benefits
      or
      for full benefits, the notice described in paragraph 2 above shall set forth
      the
      following: 

    (a) the
      specific reasons for such denial;

    (b) a
      specific reference to the provisions of the
      Plan
      on which the denial is based;

    (c) a
      description of any additional information or
      material
      necessary for the claimant to perfect a
      claim
      and a description of why it is needed; and

    (d) an
      explanation of the Plan’s claim review procedure
      and
      other appropriate information as to the steps to
      be taken
      if the Participant or Beneficiary wishes to
      have the
      claim reviewed.

    The
      Participant shall have the right to review pertinent documents.

    If
      the
      Administrator determines that there are special circumstances requiring
      additional time to make a decision, the Administrator shall notify the
      Participant of the special circumstances and the date by which a decision is
      expected to be made and may extend the time for up to an additional 90
      days.

    

    If
      a
      Participant is determined by the Administrator to be ineligible for benefits,
      or
      if the Participant believes that he or she is entitled to greater or different
      benefits, the Participant shall have the opportunity to have such claim reviewed
      by the Administrator by filing a petition for review with the Administrator
      within 60 days after receipt of the notice issued by the Administrator. Such
      petition shall state the specific reasons the Participant believes he or she
      is
      entitled to greater or different benefits. Within 60 days after receipt by
      the
      Administrator of such petition, the Administrator shall afford the Participant
      an opportunity to present his or her position to the Administrator orally or
      in
      writing. The Administrator shall notify the Participant of its decision in
      writing within the 60-day period, stating specifically the basis of its decision
      written in a manner calculated to be understood by the Participant and the
      specific provisions of the Plan on which the decision is based. If, because
      of
      the need for a hearing, the 60-day period is not sufficient, such period may
      be
      extended for up to another 60 days, but notice of this extension must be given
      to the Participant within the first 60-day period.

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    4. Exhaustion/Limitation
      of Actions.
      A
      claimant shall comply with the claims procedure set forth in paragraph 3 above
      prior to filing any action in federal or state court with respect to a claim.
      Any provision of the Plan to the contrary notwithstanding, a claimant shall
      be
      barred from filing any action in federal or state court with respect to a claim
      if such action is not filed within one year from the date the Administrator
      denies, or is deemed to deny, the claim on review in accordance with paragraph
      3
      above.

    

    5. Rights
      of the Surviving Annuitants.
      A
      Surviving Annuitant shall have the same rights as a Participant to pursue a
      claim after the Participant’s death.

     

     

    
      
        
        

      

      
        17Restricted Stock Agreement between Kaman Corporation and Robert M. Garneau

    
      

    
Exhibit 10.12

    RESTRICTED
      STOCK AGREEMENT

    

    (Under
      the Kaman Corporation 

    2003
      Stock Incentive Plan)

    

    

    THIS
      AGREEMENT, made and entered into as of the 20th
      day of
      February, by and between KAMAN CORPORATION, a Connecticut corporation, with
      its
      principal office in Bloomfield, Connecticut (the “Corporation”), and Robert M.
      Garneau (the “Participant”);

    

    W
      I T N E
      S S E T H :

    

    WHEREAS,
      it has been determined that the Participant, who currently serves as Executive
      Vice President and Chief Financial Officer of the Corporation, is an Eligible
      Person under the Corporation's 2003 Stock Incentive Plan (the “Plan”);
      and

    

    WHEREAS,
      effective as of the date hereof, the Corporation has granted a Restricted Stock
      Award to the Participant pursuant to the Plan and subject to the terms and
      conditions set forth in this Agreement;

    

    NOW
      THEREFORE, in consideration of the foregoing and of the mutual covenants and
      agreements herein contained, the parties agree as follows:

    

    1. Restricted
      Stock Award.

    

    (a) Subject
      to the terms and conditions of this Agreement, fifteen thousand (15,000) shares
      of the Common Stock of the Corporation (the “Restricted Shares”) shall be
      transferred to the Participant as additional compensation for services rendered
      to the Corporation or one of its Subsidiaries. The Restricted Shares may be
      subject to forfeiture during a specified time period, as more particularly
      described in Sections 2 and 3 of this Agreement.

    

    (b) In
      order
      for the transfer of Restricted Shares to occur, the Participant must execute
      and
      deliver a copy of this Agreement to the Vice President of Human Resources at
      the
      Corporation's offices in Bloomfield, Connecticut within sixty (60) days of
      the
      date of this Agreement. If the Restricted Shares are subject to forfeiture,
      such
      executed copy of this Agreement must be accompanied by the attached stock powers
      (in accordance with Section 3 (e) hereof). Promptly thereafter, certificates
      representing the Restricted Shares subject to forfeiture shall be issued and
      held for the Participant by the Vice President of Human Resources of the
      Corporation (the “Custodian”) until the end of the Restriction Period described
      in Section 2. Restricted Shares not subject to forfeiture shall be promptly
      issued and delivered to the Participant.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (c) Effective
      upon the date of delivery to the Participant, or to the Custodian, as indicated
      in subsection (b) above, of certificates for the Restricted Shares registered
      in
      the Participant's name, the Participant will be a holder of record of the
      Restricted Shares and will have, subject to the terms and conditions of this
      Agreement, all rights of a shareholder with respect to such shares including
      the
      right to vote such shares at any meeting of shareholders of the Corporation
      at
      which such shares are entitled to vote and the right to receive all
      distributions of any kind paid with respect to such shares. With respect to
      an
      Employee, if distributions are paid in the form of Common Stock, any such shares
      will be delivered to and held by the Custodian, if subject to forfeiture, or
      the
      Participant if not subject to forfeiture, and will be considered “Restricted
      Shares.”

    

    2. Lapse
      of Restrictions.
      

    

    (a) All
      restrictions set forth in Section 3 below will lapse in their entirety with
      respect to one hundred percent (100%) of the Restricted Shares on the first
      anniversary of the appointment of a permanent successor to Paul R. Kuhn as
      the
      Company’s President, but in no event later than February 28, 2009 (“the
“Restriction Period”). Subject to the following provisions, Restricted Shares
      shall, as of the end of the Restriction Period, be free of further restrictions
      (“vested”).

    

    (b) As
      soon
      as reasonably practicable after the end of the Restriction Period, the Custodian
      will deliver to the Participant the certificate or certificates for the vested
      shares subject to the Restriction Period; provided, however, that the Custodian
      shall not issue such shares to the Participant until the Participant has either
      (i) paid, or (ii) made provisions satisfactory to the Committee for the payment
      of, all applicable tax withholding obligations.

    

    (c) If
      the
      Participant's employment with or other service to the Corporation or a
      Subsidiary terminates during the Restriction Period (i) because of the
      Participant’s death or Disability, or (ii) in a manner that entitles the
      Participant to severance payments under either his Employment Agreement or
      his
      Change in Control Agreement with the Company as a result of the termination
      of
      his employment by the Company without Cause or by the Executive for Good Reason
      (as such terms are defined in those agreements), effective on the date of any
      such event all restrictions set forth in Section 3 will lapse in their entirety
      with respect to all of the then Restricted Shares and certificates for the
      Restricted Shares will be delivered in accordance with Section
      2(b).

    

    3. Restrictions.
      To the
      extent that the Restricted Shares remain subject to restrictions set forth
      in
      this Section 3, such restrictions shall lapse in the event of a Change in
      Control, as defined and subject to the conditions set forth in the
      Plan.

    

    (a) Except
      as
      provided in Section 2(c), if the Participant's employment with or other service
      to the Corporation or a Subsidiary terminates during the Restriction Period,
      then effective upon the date of termination, all Restricted Shares which are
      not
      vested shall automatic-ally be forfeited to the Corporation. Employment or
      other
      service will not be deemed to have terminated for this purpose by reason of
      a
      leave of absence approved by the Committee.

    

    (b) None
      of
      the Restricted Shares, nor the Participant's interest in any of the Restricted
      Shares, may be encumbered, sold, assigned, transferred, pledged or otherwise
      disposed of at any time during the Restriction Period. In the event of any
      such
      action, all then Restricted Shares shall automatically be forfeited to the
      Corporation effective upon the date of such event. The Participant will repay
      to
      the Corporation all dividends, if any, paid on or after the date of the event
      with respect to the forfeited shares.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (c) If
      the
      Participant at any time forfeits Restricted Shares pursuant to this Agreement,
      the certificate or certificates for such Restricted Shares will be delivered
      by
      the Custodian to the Corporation. All of the Participant's rights to and
      interest in the Restricted Shares shall terminate upon forfeiture without
      payment of consideration.

    

    (d) The
      Participant shall sign and deliver to the Corporation the stock powers attached
      hereto relating to the Restricted Shares. If Restricted Shares are forfeited
      under this Agreement, the Corporation shall direct the Transfer Agent and
      Registrar of the Corporation's Common Stock to make appropriate entries upon
      their records showing the cancellation of the certificate or certificates for
      the Restricted Shares and to return the shares represented thereby to the
      Corporation. The stock power gives the Custodian the authority to take any
      action necessary to affect the transfer of shares to the Corporation. The stock
      power or powers will be returned to the Participant upon expiration of the
      Restriction Period.

    

    (e) The
      Committee shall make all determinations in connection with this Agreement,
      including determinations as to whether an event has occurred resulting in the
      forfeiture of or lapse of restrictions on Restricted Shares and all such
      determinations of the Committee shall be final and conclusive.

    

    4. Appointment
      Of Agent.
      By
      executing this Agreement, the Participant, if the Restricted Shares are subject
      to forfeiture, irrevocably nominates, constitutes and appoints the Custodian
      as
      his agent and attorney-in-fact for purposes of surrendering or transferring
      the
      Restricted Shares to the Corporation upon any forfeiture required or authorized
      by this Agreement. This power is intended as a power coupled with an interest
      and shall survive the Participant's death. In addition, it is intended as a
      durable power and shall survive the Participant's Disability.

    

    5. No
      Employment Rights.
      No
      provision of this Agreement shall:

    

    (a) confer
      or
      be deemed to confer upon the Participant any right to continue in the employ
      of
      the Corporation or any Subsidiary or in any way affect the right of the
      Corporation or any Subsidiary to dismiss or otherwise terminate the
      Participant's employment at any time for any reason with or without cause,
      or

    

    (b) be
      construed to impose upon the Corporation or any Subsidiary any liability for
      any
      forfeiture of Restricted Shares which may result under this Agreement if the
      Participant's employment is so terminated, or

    

    (c) affect
      the Corporation's right to terminate or modify any contractual relationship
      with
      a Participant, who is not an employee of the Corporation or a
      Subsidiary.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    6. No
      Liability For Business Acts Or Omissions.

    

    (a) The
      Participant recognizes and agrees that the Board or the officers, agents or
      employees of the Corporation, including the Custodian, in their conduct of
      the
      business and affairs of the Corporation, may cause the Corporation to act,
      or to
      omit to act, in a manner that may, directly or indirectly, prevent the
      Restricted Shares from vesting under this Agreement. No provision of this
      Agreement shall be interpreted or construed to impose any liability upon the
      Corporation, the Board or any officer, agent or employee of the Corporation,
      including the Custodian, for any forfeiture of Restricted Shares that may
      result, directly or indirectly, from any such action or omission.

    

    (b) In
      the
      event of recapitalization, stock split, stock dividend, divisive reorganization
      or other change in capitalization affecting the Corporation's shares of Common
      Stock, an appropriate adjustment will be made in respect of the Restricted
      Shares. Any new or additional or different shares or securities issued as the
      result of such an adjustment with respect to vested shares will be delivered
      to
      the Participant. Any new or additional or different shares or securities issued
      as the result of such an adjustment with respect to Restricted Shares that
      are
      not vested will be delivered to and held by the Custodian and will be deemed
      included within the term “Restricted Shares.”

    

    7. Capitalized
      Terms.
      All
      capitalized terms not defined herein shall have the meaning ascribed to them
      in
      the Plan.

    

    8. Interpretation.
      This
      Agreement shall at all times be interpreted, administered and applied in a
      manner consistent with the provisions of the Plan. In the event of any
      inconsistency between the terms of this Agreement and the terms of the Plan,
      the
      terms of the Plan shall control and the Plan is incorporated herein by
      reference.

    

    9. Amendment;
      Modification; Waiver.
      No
      provision of this Agreement may be amended, modified or waived unless such
      amendment, modification or waiver shall be authorized by the Committee and
      shall
      be agreed to in writing by the Participant.

    

    10. Complete
      Agreement.
      This
      Agreement contains the entire Agreement of the parties relating to the subject
      matter of this Agreement and supersedes any prior agreements or understandings
      with respect thereto.

    

    11. Agreement
      Binding.
      This
      Agreement shall be binding upon and inure to the benefit of the Corporation,
      its
      successors and assigns and the Participant, his or her heirs, devisees and
      legal
      representatives.

    

    12. Legal
      Representative.
      In the
      event of the Participant's death or a judicial determination of his or her
      incompetence, reference in this Agreement to the Participant shall be deemed
      to
      refer to his or her legal representative, heirs or devisees, as the case may
      be.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    13. Business
      Day.
      If any
      event provided for in this Agreement is scheduled to take place on a day on
      which the Corporation's corporate offices are not open for business, such event
      shall take place on the next succeeding day on which the Corporation's corporate
      offices are open for business.

    

    14. Titles.
      The
      titles to sections or paragraphs of this Agreement are intended solely for
      convenience and no provision of this Agreement is to be construed by reference
      to the title of any section or paragraph.

    

    15. Notices.

    

    (a) Any
      notice to the Corporation pursuant to any provision of this Agreement will
      be
      deemed to have been delivered when delivered in person to the Corporation or
      when deposited in the United States mail, addressed to the Secretary of the
      Corporation at the Corporation's corporate offices, or such other address as
      the
      Corporation may from time to time designate in writing.

    

    (b) Any
      notice to the Participant pursuant to any provision of this Agreement will
      be
      deemed to have been delivered when delivered to the Participant in person or
      when deposited in the United States mail, addressed to
      the
      Participant at
      the
      address on the shareholder records of the Corporation or such other address
      as
      he or she may from time to time designate in writing.

    

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed as of
      the
      date first written above.

    

      
        	
                Participant

              	 	 	
                KAMAN
                  CORPORATION

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                /s/
                  Robert M.Garneau

              	 	 	
                /s/
                  Paul R. Kuhn

              	 
	
                Robert
                  M. Garneau

              	 	 	
                Paul
                  R. Kuhn

              	 
	
                Executive
                  Vice President and

                Chief
                  Financial Officer

              	 	 	
                President
                  and

                Chief
                  Executive Officer

              	 
	 	 	 	 	 
	 	 	 	 	 

      

    

     

     

    
      
        
        

      

      
        5

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