Document:

SPR_2015.07.02-EX10.4

EXHIBIT 10.4

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is entered into as of June 9, 2015 (the “Effective Date”) by Spirit AeroSystems, Inc., a Delaware corporation (“we,” “us,” “our,” and other similar pronouns), and Ron Rabe (“you,” “your,” “yours,” and other similar pronouns). Our parent company is Spirit AeroSystems Holdings, Inc. (“Holdings”), and references in this Agreement to “Spirit” mean us and Holdings collectively.

Recitals

A.We are engaged in the manufacture, fabrication, maintenance, repair, overhaul, and modification of aerostructures and aircraft components, and market and sell our products and services to customers throughout the world (together with any other businesses in which Spirit may in the future engage, by acquisition or otherwise, the “Business”).

B.We have agreed to employ you as our SVP Operations, and you have agreed to accept such employment in accordance with the terms and conditions of this Agreement.

C.In the course of performing your duties for us, you are likely to acquire confidential and proprietary information belonging to us, our customers, and our suppliers, develop relationships that are vital to our Business and goodwill, and acquire other important assets in which we have a protectable interest, and you have agreed to the covenants in this Agreement required to protect those assets.

Agreement

In consideration of the foregoing and the representations, warranties and mutual covenants herein, you and we agree as follows:

		
	1.
	Employment

(a)Position and Responsibility We agree to employ you as our SVP Operations, to perform such duties in and about our Business as are appropriate for a person in such position, which may include serving as an executive officer or member of the board of directors of any other affiliated company at our request. The job title and duties referred to in the preceding sentence may be changed by us in our sole discretion at any time. Your office will be at our headquarters in Wichita, KS. You will devote your full time to this employment. 

(b)Employment Period Your employment will commence on the Effective Date, will continue for a period of two years after the Effective Date (the “Initial Term”), and will be automatically extended for successive one-year periods thereafter (each a “Renewal Term”), unless either of us provides the other with written notice at least ninety days in advance of the expiration of the Initial Term or the then-current Renewal Term, as applicable, that such period will not be so extended (the Initial Term and any Renewal Term are, collectively, the “Employment Period”). In all cases, your employment is subject to earlier termination as provided in this Agreement.
 

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2.Performance
 
You will devote your best efforts and abilities to faithfully preserve and advance our Business, welfare, and best interests. You will strictly comply with all Spirit rules, policies, and procedures in effect and as amended from time to time, including, but not limited to, our Code of Ethical Business Conduct, Insider Trading Policy, Anti-Bribery Policy, Related Person Transaction Policy, Special Security Agreement, and internal and disclosure controls; follow all applicable U.S. and foreign laws and regulations; and be governed by our decisions and instructions consistent with the duties assigned to you.
 
3.Compensation
 
Except as otherwise provided herein, for all services to be performed by you in any capacity, including without limitation any services as an officer, director, member of any committee, or any other duties assigned to you, during the Employment Period we will pay or provide you with the following, and you will accept the same, as compensation for your covenants in and performance of your duties under this Agreement:
 
(a)Base Salary You will be entitled to an annual salary of $370,000 (“Base Salary”), which will be paid in accordance with our policies and procedures. The Base Salary may be changed from time to time on a discretionary basis or based upon your and/or our performance or such other factors as the Board or the Board’s compensation committee (“Committee”) deems appropriate in its sole discretion.

(b)Sign On Bonuses 

(i)Signing Bonus - Cash In consideration of entering into this Agreement, you will receive a cash bonus of $25,000 (the “Signing Bonus”). The Signing Bonus is payable no later than 30 days after the Effective Date, and payment of the Signing Bonus is conditioned upon you being employed on the date payment is made and remaining employed by us for a period of not less than one year after the date payment is made. If the foregoing condition precedent is not satisfied, the Signing Bonus must be immediately repaid to us, except that you will not be required to repay any amount if you are terminated by us without Cause. In the event of your termination under circumstances that require repayment of the Signing Bonus, we may deduct from your paycheck(s) (or other amounts owed to you) an amount equal to the amount due to be repaid. To the extent such deductions are not sufficient to fully reimburse us, you will remain obligated to pay us in full for such amounts still due and owing.

(ii)Signing Bonus - Restricted Stock Subject to approval by the Holdings board of directors (the “Board”), in consideration of entering into this Agreement, we will grant you a total of $500,000 of restricted stock (the “Bonus Shares”) under the Spirit AeroSystems Holdings, Inc. Omnibus Incentive Plan, as amended or restated from time to time or any successor thereto (the “OIP”), subject to the terms and provisions of the OIP and this Section 3(b) and conditioned upon you being employed on the date the Bonus Shares are granted

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to you (following Board approval). The Bonus Shares will be awarded in two separate grants, one for 2015 and one for 2016, and each grant will be subject to a separate vesting schedule.

2015 Grant

Subject to approval by the Board, $300,000 of the Bonus Shares will be granted as soon as administratively practicable following the 2015 second quarter earnings release (or, if your employment commences after the 2015 second quarter earnings release, as soon as administratively practicable following the 2015 third quarter earnings release) and will be subject to the following vesting schedule:

	
		
	If you are continuously employed from the 2015 grant date for a period of . . .
	Your vested percentage in 
the Bonus Shares awarded in the 2015 grant will be . . .

	12 months
	50%

	24 months
	100%

2016 Grant

Subject to approval by the Board, $200,000 of the Bonus Shares will be granted as soon as administratively practicable following the 2016 second quarter earnings release (or, if your employment commences after the 2015 second quarter earnings release, as soon as administratively practicable following the 2016 third quarter earnings release) and will be subject to the following vesting schedule:

	
		
	If you are continuously employed from the 2016 grant date for a period of . . .
	Your vested percentage in 
the Bonus Shares awarded in the 2016 grant will be . . .

	12 months
	50%

	24 months
	100%

The number of shares to be awarded in connection with the 2015 grant and the 2016 grant will be determined in accordance with such methods or conventions as are designated by the Board in connection with approval of the award. 

(c)Short-Term Incentive Plan You are eligible to participate in our Short-Term Incentive Program under the OIP, as modified and in effect from time to time (the “STIP”), pursuant to and in accordance with the terms and conditions of the STIP and the OIP. Your STIP award opportunity will be 70% of Base Salary if target performance goals are reached and 140% of Base Salary if outstanding performance goals are reached. If target performance goals are not reached, you will be entitled to such incentive compensation, if any, as is otherwise provided by the STIP and our policies. 

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In addition to the foregoing, we agree that (i) for the 2015 plan year, if a STIP award is payable your STIP award will be based on the greater of (A) actual 2015 performance, or (B) assumed performance at target levels (i.e., a STIP score of not less than 1.0); and (ii) the amount you are entitled to receive for the 2015 plan year will not be prorated (i.e., it will be a full year award).

(d)Long-Term Incentive Plan You are eligible to participate in annual awards under the Long-Term Incentive Program under the OIP, as modified and in effect from time to time (the “LTIP”), granted by the Board or the Committee, pursuant to and in accordance with the terms and conditions of the LTIP and the OIP. Each year of the Initial Term, you will receive an annual LTIP award equal to 100% of Base Salary. Your annual LTIP awards will be granted at the time and on the terms that we grant annual LTIP awards to our other executives. 

Conditioned upon Board approval and upon actual commencement of your employment with us, you will be entitled to receive a 2015 annual LTIP award with vesting to occur on the same terms and conditions as the 2015 annual LTIP awards made to other LTIP participants for 2015. 

(e)Nonqualified Deferred Compensation Plan You are eligible to participate in the Spirit AeroSystems Holdings, Inc. Amended and Restated Deferred Compensation Plan, as amended or restated from time to time (“DCP”), subject to and in accordance with the terms and provisions of the DCP. You may elect to voluntarily defer compensation under the DCP in accordance with the terms and conditions of the DCP and the plan administrator’s policies and procedures. 

(f)Other Benefit Plans You will also be eligible to participate in other executive benefit plans, policies, practices, and arrangements in which one or more of our senior executives is eligible to participate from time to time, including without limitation (i) any defined benefit or defined contribution retirement plan, excess or supplementary plan, profit-sharing plan, savings plan, health and dental plan, disability plan, survivor-income and life-insurance plan, executive financial planning program, or other arrangement, or any successors thereto; (ii) any perquisite allowance or reimbursement arrangement the Board or Committee may adopt; and (iii) such other benefit plans as we may establish or maintain from time to time (collectively “Benefit Plans”). Your entitlement to any other compensation or benefits will be determined in accordance with the terms and conditions of the Benefit Plans and other applicable programs, practices, and arrangements then in effect.

(g)Earned Time Off You will be provided with earned time off and 12 paid holidays each year in accordance with our policies and practices in effect from time to time. Notwithstanding any contrary policy or practice, however, 25 days of earned time off will be immediately available to you upon the Effective Date.

(h)Fringe Benefits and Relocation You will be provided with all other fringe benefits and perquisites awarded by the Board or Committee for your position level from time to time. You will also be entitled to relocation benefits under the terms of our Corporate Domestic Relocation Guide - Level 4 Policy.

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(i)Withholding Taxes We will have the right to deduct from all payments made to you hereunder any federal, state, local and foreign taxes required by law to be withheld.

(j)Expenses During your employment, we will promptly pay or reimburse you for all reasonable out-of-pocket expenses incurred by you in the performance of your duties, in accordance with our policies and procedures then in effect.
 
The payment or reimbursement of expenses described in this Section 3(j) are not intended to provide for the deferral of compensation within the meaning of Code Section 409A because all such expenses are to be paid or reimbursed currently and/or will be tax-free. To the extent such expenses are deemed to provide for the deferral of compensation within the meaning of Code Section 409A, they are intended to meet the requirements of a specified date or a fixed schedule of payments, and this reimbursement provision will be interpreted and applied in a manner consistent with such requirements. The right to payment of, or reimbursement for, expenses is not subject to liquidation or exchange for any other benefit.

4.Restrictions

(a)Acknowledgements You acknowledge and agree that (i) during the Employment Period, because of the nature of your responsibilities and the resources provided by us, you will acquire and/or develop valuable and confidential skills, information, trade secrets, and relationships with respect to our Business; (ii) you may develop on our behalf a personal relationship with various persons, including but not limited to representatives of customers and suppliers, where you may be a principal or our only contact with such persons, and as a consequence, you will occupy a position of trust and confidence to us; (iii) the Business involves the manufacturing, marketing, and sale of our products and services to customers throughout the world, our competitors, both in the United States and internationally, consist of both domestic and international businesses, and the services to be performed by you involve aspects of both our domestic and international business; and (iv) it would be impossible or impractical for you to perform your duties without access to our confidential and proprietary information and contact with persons who are valuable to our Business and goodwill.

(b)Reasonableness In view of the foregoing and in consideration of the remuneration to be paid to you, you agree that it is reasonable and necessary for the protection of our Business and goodwill that you undertake the covenants in this Section 4 regarding your conduct during and subsequent to your employment by us, and acknowledge we will suffer irreparable injury if you engage in any conduct prohibited by this Section 4.

(c)Non-Compete During the Employment Period and for a period of (1) in the case of involuntary termination without Cause, one year after termination of employment, and (2) in the case of termination of employment for any other reason, two years after such termination of employment, neither you nor any individual, corporation, partnership, limited liability company, trust, estate, joint venture, or other organization or association (“Person”) with your assistance nor any Person in which you directly or indirectly have any interest of any kind (without limitation) will, anywhere in the world, directly or indirectly own, manage, operate, 

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control, be employed by, serve as an officer or director of, solicit sales for, invest in, participate in, advise, consult with, or be connected with the ownership, management, operation, or control of any business that is engaged, in whole or in part, in the Business, or any business that is competitive with the Business or any portion thereof, except for our exclusive benefit. You will not be deemed to have breached the provisions of this Section 4(c) solely by holding, directly or indirectly, not greater than 2% of the outstanding securities of a company listed on a national securities exchange.

(d)Non-Solicitation During the Employment Period and for a period of (1) in the case of involuntary termination without Cause, one year after termination of employment, and (2) in the case of termination of employment for any other reason, two years after such termination of employment, neither you nor any Person with your assistance nor any Person in which you directly or indirectly have an interest of any kind (without limitation) will, directly or indirectly (A) solicit or take any action to induce any employee to quit or terminate their employment with us or our affiliates; or (B) employ as an employee, independent contractor, consultant, or in any other position any person who was an employee of ours or our affiliates during the aforementioned period.

(e)Confidentiality
 
(i)Confidential Information For purposes of this Agreement, “Confidential Information” means any information (whether in written, oral, graphic, schematic, demonstration, or electronic format, whether or not specifically marked or identified as confidential, and whether obtained by you before or after the Effective Date), not otherwise publicly disclosed by Spirit, regarding (without limitation) Spirit, its Business, customers, suppliers, business partners, prospects, contacts, contractual arrangements, discussions, negotiations, evaluations, labor negotiations, bids, proposals, aircraft programs, costs, pricing, financial condition or results, plans, strategies, governmental relations, projections, analyses, methods, processes, models, tooling, know-how, trade secrets, discoveries, research, developments, inventions, engineering, technology, proprietary information, intellectual property, designs, computer software, intelligence, legal or regulatory compliance, accounting decisions, opportunities, challenges, and any other information of a confidential or proprietary nature. Notwithstanding the foregoing, Confidential Information will not include any information that (A) you are required to disclose by the order of a court or administrative agency, subpoena, or other legal or administrative demand, so long as (1) you give us written notice and an opportunity to contest or seek confidential treatment of such disclosure; and (2) you fully cooperate at our expense with any such contest or confidential treatment request; (B) has been otherwise publicly disclosed or made publicly available by Spirit; or (C) was obtained by you in good faith after your employment with us ended from a source that was under no obligation of confidentiality to Spirit or any customer or supplier.

(ii)Non-Use and Non-Disclosure Without our express written consent, you will not at any time (whether during the Employment Period or after any termination of your employment for any reason) use for any purpose (other than for our exclusive benefit) or disclose to any Person (except at our direction) any Confidential Information.
 

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(f)Effect of Breach You agree that a breach of this Section 4 cannot adequately be compensated by money damages and, therefore, we will be entitled, in addition to any other right or remedy available to us (including, but not limited, to an action for damages, accounting, or disgorgement of profit), to an injunction restraining such breach or a threatened breach and to specific performance of such provisions, and you consent to the issuance of such injunction and the ordering of specific performance without the requirement for us to post a bond or other security or to prove lack of an adequate remedy at law.

(g)Other Rights Preserved Nothing in this Section 4 eliminates or diminishes rights we may have with respect to the subject matter hereof under other agreements, our governing documents or statutes, or provisions of law (including but not limited to common law and the Uniform Trade Secrets Act), equity, or otherwise. Without limiting the foregoing, this Section 4 does not limit any rights we may have under any Spirit policies or any agreements with you regarding Confidential Information.
 
5.Termination Your employment with us will terminate upon the following circumstances:
 
(a)Without Cause At any time at the election of either you or us for any reason or no reason, without Cause, but subject to the provisions of this Agreement. It is expressly understood that your employment is strictly “at will.”

(b)Cause At any time at our election for Cause.

“Cause” for this purpose means (i) your commission of a material breach of this Agreement or acts involving fraud, material and intentional dishonesty, material and intentional unauthorized disclosure of Confidential Information, the commission of a felony or other crime involving moral turpitude, or material violation of Spirit policies; (ii) direct and deliberate acts constituting a material breach of your duty of loyalty to Spirit; (iii) your refusal or material failure (other than by reason of your serious physical or mental illness, injury, or medical condition) to perform your job duties and responsibilities, including, but not limited to, any duties or responsibilities reasonably assigned to you by the Board, if such refusal or failure is not remedied within 30 days after you receive written notice thereof from the Board; (iv) your material underperformance, as reflected in two consecutive written performance reviews provided to you not less than 6 months apart; or (v) your inability to obtain and maintain the appropriate level of United States security clearance.
 
(c)Death or Disability Your death or your inability to perform the services required of you for a period of 180 days during any twelve-month period (“Disability”).
 
6.Effect of Termination
 
(a)General Rule If your employment terminates for any reason other than as described in Section 6(b) below, we will pay your compensation only through the last day of employment, and, except as otherwise expressly provided in this Agreement or the STIP, the LTIP, the DCP, or any Benefit Plan, we will have no further obligation to you.

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(b)Termination Without Cause If your employment is terminated by us without Cause at any time during the Initial Term of the Agreement, then for so long as you comply with your continuing obligations under Section 4 we will (1) continue to pay your monthly Base Salary in effect immediately before termination of your employment for a period of one year, and (2) at our option, either pay the cost of COBRA medical and dental benefits coverage for a period of six months or pay you an amount each month for six months equal to the cost of providing COBRA medical and dental benefits.
 
To receive the benefits described in this Section 6(b), you will be required to sign a general release of claims in a form we deem acceptable. The release must be provided, and any revocation period must have expired, not later than 60 days after termination of employment. If the foregoing conditions are satisfied then, except as provided below, payment of salary continuation and other benefits will begin 60 days after termination of employment.
 
Notwithstanding any contrary provision of this Section 6(b), if you are a Specified Employee at the time employment terminates, the payments described in Section 6(b) will, to the extent such amounts are deferred compensation within the meaning of Code Section 409A, be delayed until the date that is the earlier of (i) six months after your termination of employment, or (ii) the date of your death, and upon reaching that date, all amounts that would have been paid during the six-month delay period, plus interest thereon at the prime rate (as published in the Wall Street Journal) from the date the payment would have been made but for this paragraph to the date of payment, will be paid in a single lump sum, and all remaining amounts will be paid in equal monthly payments for the remainder of the Salary Continuation Period.

“Specified Employee” means that, with respect to a corporation any stock in which is publicly traded on an established securities market or otherwise, you are, or are treated under Code Section 409A as, either (A) an officer having annual compensation greater than $130,000 (as adjusted for cost-of-living increases in accordance with Code Section 416(i)(1)(A) and Code Section 415(d)), (B) a 5% owner, or (C) a 1% owner having annual compensation from the corporation of more than $150,000. For purposes of determining your percentage ownership, the constructive-ownership rules described in Code Section 416(i)(1)(B) will apply. The determination whether you are a Specified Employee will be made in accordance with regulations issued under Code Section 409A and other available guidance.
 
Except as otherwise expressly provided in this Agreement or in any Benefit Plan, we will have no further obligation to you
 
(c)Disability or Death If your employment terminates due to Disability or death, we will pay your monthly Base Salary only through the date of termination.

(d)Your Post-Termination Obligations On termination of employment for any reason, (1) you will resign as of the date of such termination as a director and officer of Spirit and its affiliates and as a fiduciary of any of Spirit’s or its affiliates’ benefit plans, (2) you will promptly execute and deliver upon such termination any document reasonably required by Spirit or an affiliate to evidence the foregoing resignations, (3) you will immediately deliver to

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us all Confidential Information, all copies and embodiments thereof, and all records, notes, worksheets, schematics, customer lists, supplier lists, memoranda, computer files and storage devices, analyses and derivative works based thereon or which relate in any way thereto, and (4) you will pay to us any amounts due and owing by you as specified in this Agreement.

(e)Survival of Provisions Your obligations under 4 through 9 of this Agreement will survive the expiration or termination of your employment for any reason.

7.Representations and Warranties You represent and warrant to us that:
 
(a)No Conflicts To the best of your knowledge, you are under no duty (whether contractual, fiduciary or otherwise) that would prevent, restrict or limit you from entering into this Agreement and fully performing all duties and services for us, and the performance of such duties and services will not conflict with any other agreement, policy or obligation by which you are bound.

(b)No Hardship Your experience and/or abilities are such that observance of the covenants in this Agreement will not cause you any undue hardship and will not unreasonably interfere with your ability to earn a livelihood.
 
8.Clawback Right You acknowledge that certain amounts paid under this Agreement or the Benefit Plans described herein are subject to any Spirit policy on the recovery of compensation (i.e., a so-called “clawback policy”), as it exists now or as later adopted, and as thereafter amended from time to time.
 
9.Mediation
 
(a)General Obligation to Mediate Except as provided in this Agreement, prior to initiating any legal action, the parties agree to submit all unsettled claims, disputes, controversies, and other matters in question between them arising out of or relating to this Agreement (including but not limited to any claim that this Agreement or any of its provisions is invalid, illegal, or otherwise voidable or void) or the dealings or relationship between them (“Disputes”) to mediation in Wichita, Kansas, in accordance with the Commercial Mediation Rules of the American Arbitration Association currently in effect. The mediation will be private, confidential, voluntary, and nonbinding. Either party may withdraw from the mediation at any time before signing a settlement agreement by giving written notice to the other party and the mediator. The mediator will be neutral and impartial. The mediator will be disqualified as a witness, consultant, expert, or counsel for either party with respect to the matters in Dispute and any related matters. Each party will pay its respective attorneys’ fees and other costs associated with the mediation, and each party will equally bear the costs and fees of the mediator. If a Dispute cannot be resolved through mediation within 90 days of its submission to mediation, the parties may proceed with legal action.

(b)Confidentiality The parties agree that they will not disclose, or permit those acting on their respective behalf to disclose, any aspect of the proceedings under Section 9(a), including but not limited to the resolution or the existence or amount of any award, to any 

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Person, unless divulged (i) to an agency of the federal or state government; (ii) pursuant to a court or administrative order; (iii) pursuant to a requirement of law; (iv) pursuant to prior written consent of the parties; (v) pursuant to a legal proceeding to enforce a settlement agreement or arbitration award; or (vi) by Spirit, to the extent required under federal securities laws and regulations. This provision does not prohibit the parties’ disclosure of the terms of any settlement to their attorney(s), accountant(s), financial advisor(s), or family members, so long as such persons first agree to comply with the provisions of this Section 9(b).

(c)Injunctions Notwithstanding anything to the contrary in this Section, the parties will have the right in a proper case to obtain temporary restraining orders and temporary or preliminary injunctive relief from a court of competent jurisdiction.
 
10.General
 
(a)Notices All notices required or permitted under this Agreement must be in writing and may be given by personal delivery, effective on the day of such delivery, or may be mailed by certified mail, return receipt requested, effective three business days after the date of mailing, addressed as follows:
 
To us:
 
Spirit AeroSystems, Inc.
Attention: Senior Vice President, General Counsel and Secretary
3801 S. Oliver
P.O. Box 780008, Mail Code K11-60
Wichita, KS 67278-0008
Facsimile: 316.529.4539
Email: jon.d.lammers@spiritaero.com
 
or such other person or contact information as designated in writing to you.

To you:
 
Ron Rabe
 
at your last known residence address, email, or facsimile number or to such other contact information as designated in writing to us.
 
(b)Successors Neither this Agreement nor any right or interest herein will be assignable or transferable (whether by pledge, grant of a security interest or otherwise) by you or your beneficiaries or legal representatives, except by will, the laws of descent and distribution, or inter vivos revocable living grantor trust as your beneficiaries, and any other purported assignment will be void. This Agreement will be binding upon and will inure to the benefit of Spirit, its successors and assigns, and will be binding on you and your heirs, beneficiaries, and legal and personal representatives.
 

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(c)Waiver, Modification, and Interpretation No provisions of this Agreement may be modified, waived, or discharged except by written instrument signed by you and an appropriate officer of Spirit empowered to sign the same by our or Holdings’ Board. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by the other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same time or at any prior or subsequent time.
 
(d)Interpretation The validity, interpretation, construction, and performance of this Agreement will be governed by the laws of the State of Kansas, except that the corporate law of the State of Delaware will govern issues related to the issuance of common stock. Any action brought to enforce or interpret this Agreement will be maintained exclusively in the state and federal courts located in Wichita, Kansas.
 
(e)Headings The headings in this Agreement are for reference purposes only and will not in any way affect the meaning or interpretation of any provision of this Agreement. No provision of this Agreement will be interpreted for or against either party on the basis that such party was the draftsman of such provision, and no presumption or burden of proof will arise disfavoring or favoring either party by virtue of the authorship of any provision of this Agreement.
 
(f)Counterparts We and you may execute this Agreement in counterparts, each of which will be deemed an original and both of which will constitute a single instrument. In proving this Agreement, it will not be necessary to produce or account for more than one such counterpart.
 
(g)Invalidity of Provisions If a court of competent jurisdiction declares that any provision of this Agreement is invalid, illegal, or unenforceable in any respect, then in lieu of such illegal, invalid, or unenforceable provision the court may add as a part of this Agreement a legal, valid, and enforceable provision as similar in terms to such illegal, invalid, or unenforceable provision as is possible. If such court cannot so substitute or declines to so substitute for such illegal, invalid, or unenforceable provision (i) such provision will be fully severable; (ii) this Agreement will be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part hereof; and (iii) the remaining provisions of this Agreement will continue in full force and effect and not be affected by the illegal, invalid, or unenforceable provision or by its severance herefrom. The covenants in this Agreement will each be construed to be a separate agreement independent of any other provision of this Agreement, and the existence of any claim or cause of action of yours against us, predicated on this Agreement or otherwise, will not constitute a defense to the enforcement by us of any covenants in this Agreement.
 
(h)Entire Agreement This Agreement (together with the documents expressly referred to herein) constitutes the entire agreement between the parties, supersedes in all respects any prior agreement between you and us, and may not be changed except by written instrument duly executed by you and us in the same manner as this Agreement.

 

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(i)Compliance with Code Section 409A The amounts payable to you after separation from service under 6(b) (if any) are intended to be exempt from the definition of “deferred compensation” for purposes of Code Section 409A as amounts payable only in the event of involuntary termination without Cause. To the extent any such amounts constitute “deferred compensation” for purposes of Code Section 409A, then those amounts will be paid to you in equal monthly installments, and payment of such amounts may not be accelerated. This Section 10(i) and the terms of this Agreement are intended to comply with, and will be interpreted and construed in accordance with and in a manner that complies with, the requirements of Code Section 409A, to the extent necessary.

[Signature page follows.]

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IN WITNESS WHEREOF, this Agreement has been executed by the parties on the date(s) set forth below, to be effective as of the Effective Date.

	
					
	

	 
	 
	SPIRIT AEROSYSTEMS, INC.

	 
	 
	 
	 
	 

	Date:
	June 4, 2015
	 
	By:
	/s/ Justin Welner

	 
	 
	 
	Name:
	JUSTIN WELNER

	 
	 
	 
	Title:
	VP, Human Resources

	 
	 
	 
	 
	 

	Date:
	June 3, 2015
	 
	 
	/s/ Ron Rabe

	 
	 
	 
	 
	Ron Rabe

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RESIGNATION AND CONSULTING 
AGREEMENT AND GENERAL RELEASE

THIS RESIGNATION AND CONSULTING AGREEMENT AND GENERAL RELEASE (the "Agreement") is made and entered into as of this   21  day of May, 2015, by and between Spirit AeroSystems, Inc. (the "Company" or "Employer"), Spirit AeroSystems Holdings, Inc., the parent of the Company (the "Parent"), and David M. Coleal (the "Executive" or "you").

FOR YALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1.         Resignation.     Effective  as  of  the  close  of  business  on  June   11,  2015  (the "Resignation Date"), the Executive's  employment  with the Company will end by virtue of  his resignation, and as of the close of business on the Resignation Date, the Executive  resigns from his  employment  with  the  Company  and  from  any  and  all  other  positions  he  holds  as  an employee, officer, or  director  of  the  Company,  the  Parent,  or  any  of  their  subsidiaries or affiliates.

2.     Payments.

(a)        Consulting Services.  For a period of two years following  the Resignation Date  (the  "Consulting Term"),  the  Executive  agrees  that  he  shall provide consulting and transition  services  to the Company at such times as are reasonably directed  by the Company. It is the expectation of  the Company  and the Executive that the level of  bona fide  services  the Executive  will  perform  after  the Resignation  Date will permanently decrease  to no more  than twenty  percent (20%) of the average level of bona fide services performed  by the Executive  on behalf of the Company,  the  Parent  and  their  subsidiaries  or  affiliates  over  the immediately preceding  thirty-six  (36) month period and, as such, the Executive shall experience  a "separation from service" as defined under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations  promulgated thereunder on the Resignation Date.

In consideration for the Executive's  consulting services and in consideration of both (i) the  release  of  all  claims  described  below  in Paragraph  3 (including  the  reaffirmation   thereof through  the Resignation  Date), and (ii) the Protective Agreement described  in Paragraph  7, the Company  agrees  to compensate  the Executive at an annual  rate of $150,000  (the "Consulting Fees") during  the Consulting  Term.  The Consulting Fees shall be payable in substantially equal installments in accordance  with  the  Company's payroll  policies for  executive  level  positions from time to time in effect during the Consulting Term.

The foregoing notwithstanding, the Consulting Term shall earlier terminate upon the Executive's death.   Upon the expiration of the Consulting Term as the result of the Executive's death, the Company shall  have no further payment obligations  hereunder except for Consulting Fees which are earned through the date of the Executive's death.

The Company and the Executive acknowledge and agree that the payments made in this Paragraph  2(a) are "wages" for purposes of FICA, FUTA and income tax withholding and such taxes, if  not  previously  withheld, shall  be withheld from the payments  made  hereunder.  One

    

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thousand   dollars  ($1,000.00)  of  such  payments  shall  be specifically  in consideration of  the release  of  any  claim  under the Age Discrimination  in Employment  Act of  1967, as amended (“ADEA”), and  as  described   in  Paragraph  3  hereof,  and  the  Executive  agrees  that  such consideration is in addition to anything of value to which he is already entitled.

(b)       Other   Continuing   Rights.     The  Company  shall  continue   to   pay  the Executive  his base salary  at his annual salary rate currently  in effect  through  the  Resignation Date.    The  Executive  agrees  that, except  for (1) his accrued  base  salary  earned  through  the Resignation  Date, and (2) awards made (if any) and benefits accrued  (if any) on or before  the Resignation  Date  under  the  terms of one or more Company benefit  plans, including,  but not limited to, the Spirit AeroSystems  Holdings, Inc.  Omnibus Incentive Plan (“OIP”)  (including  the Short-Term  Incentive Program and Long-Term Incentive Program under the OIP), the Spirit AeroSystems Holdings,  Inc. Deferred Compensation  Plan ("DCP"),  and the Spirit AeroSystems Holdings,  Inc. Retirement  and Savings Plan ("RSP"), he has been paid (or, as of the Resignation Date, will  have  been paid) all other compensation  due to him, including  but not  limited  to  all salary, bonuses, deferred  compensation, incentives and all other compensation  of any nature whatsoever.  Except as set forth above, no other sums (contingent or otherwise)  shall  be paid to the Executive in respect of his employment  by the Company or the Parent, and any such sums (whether   or   not  owed)   are   hereby   expressly   waived  by  the  Executive.     The   foregoing notwithstanding,  following  the  Resignation  Date,  the  Executive (i) may elect  to continue  his health  insurance coverage,  as mandated  by COBRA, which may continue to the extent  required by  applicable  law,  (ii) shall  be  entitled  to  receive  his  account  balance  under  the  RSP  in accordance  with  the  terms  of  such plan,  and  (iii) shall  be  entitled   to  reimbursement for reasonable business expenses  incurred in performing  the consulting services  in accordance with the Company's expense  reimbursement  policies.

(c)        Continuing Entitlement.  The Executive acknowledges that his continuing entitlement to  payments   under   Paragraph 2(a)  shall   be  conditioned   upon   his  continuing compliance with Paragraphs 4, 5, 6, 7, 10(a)  and 14 of the Agreement and any material violation of Paragraphs 4, 5, 6, 7, 10(a)  or 14 by the Executive shall terminate the Company’s obligation to continue to make payments  in accordance with Paragraph 2(a).

3.         General Release.    As a material  inducement  to the Company  and  the  Parent  to enter  into this Agreement  and in consideration of the payments to be made by the Company  and the Parent to the Executive in accordance  with Paragraph 2(a) above, the Executive, on behalf of himself,   his  representatives,   agents,  estate,  heirs,   successors   and  assigns,   and   with   full understanding of  the  contents and  legal  effect  of  this  Agreement  and  having  the  right  and opportunity to consult with his counsel, hereby agrees to release and hold harmless the Company, the   Parent, and  their  respective   shareholders,  officers, directors,  employees,  agents, representatives, subsidiaries, affiliates and all employee benefit plans sponsored or contributed to by the Company  or the Parent (including any fiduciaries thereof), and all related entities  of any kind or  nature, and  its and their predecessors, successors,  heirs,  executors,  administrators, and assigns (collectively,  the  "Released  Parties")  from  and  waive any  claim  that  Executive  has presently or may have or have had in the past, known or unknown, against the Released  Parties upon  or  by reason  of any matter, cause or thing whatsoever,  from  the beginning  of the world through and including the Resignation Date, including, without limitation, all claims arising from

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Executive's employment with, or termination of employment from, the Company or the Parent or otherwise.

This Agreement  and general release is valid whether any claim or right arises under any federal, state or local statute,  including, without limitation, the ADEA, the 1990 Older  Workers Benefit  Protection  Act, Title VII of the Civil Rights Act of 1964, as amended,  the Civil  Rights Act of  1991,  the  Equal Pay Act, the Americans with Disabilities Act of  1 990,  the  Employee Retirement  Income Security  Act of 1974, the Family and Medical Leave Act of 1993, the Fair Labor .Standards  Act, the  Worker  Adjustment  and  Retraining Notification  Act (WARN),  the Lilly Ledbetter  Fair Pay Act, all as amended from time to time, and any other Federal, Kansas or other  laws, statutes or regulations pertaining in any way to wage payment, employment discrimination, whistleblowing,  implied or express contract, or in any other  way  pertaining  to Executive's employment, and all other applicable statutes regulating the terms and conditions  of Executive's employment),   regulation  or  ordinance,   under  the  common   law  or   in  equity (including  any claims  for wrongful discharge, slander, libel or otherwise), or under any  policy, agreement, understanding or promise, written or oral, formal or informal, between the Company and/or  the Parent and Executive, including, without limitation, any claim Executive  might  have for termination  or severance  pay pursuant to the Company's  severance  policies or  practices  as from time to time in effect, or otherwise.

Executive  agrees, represents and warrants that Executive is the sole owner of the claims that  are  released  in this  Agreement  and that  Executive has the full  right and  power  to grant, execute  and deliver  the releases and  promises in this Agreement. The consideration  offered  in this  Agreement  (including,  without  limitation,  the  payments  described  in  Paragraph  2(a))  is accepted  by Executive  as being in full accord, satisfaction, compromise  and settlement of any and all claims or potential claims, and Executive expressly agrees that Executive is not entitled to and shall not receive any further recovery of any kind from the Company or the Parent, and that in the event of any further  proceedings whatsoever based upon any matter released  herein , the Company   or  the  Parent  shall  have  no  further  monetary  or  other  obligation  of  any  kind  to Executive, including  any  obligation  for any  costs, expenses  and  attorneys'  fees  incurred  by Executive or on Executive's behalf.

4.          Covenant   Not   to   Sue.     The Executive,   for   himself, his heirs, executors, administrators, successors and assigns agrees not to bring, file, claim, sue or cause, assist, or permit to be brought, filed, or claimed any action, cause of action, or proceeding regarding or in any way related to any of the claims described in Paragraph 3 above, and further agrees that this Agreement will constitute and may be pleaded as, a bar to any such claim, action, cause of action or  proceeding. If the Executive files a charge or participates in an investigative  proceeding  of the  EEOC  or another  governmental  agency, or  is otherwise  made a  party to any  proceedings described   in Paragraph  3 above, the Executive will not seek  and will not accept  any  personal equitable or monetary  relief in connection with such charge or investigative or other proceeding.

5.       Indemnification.    The Executive  will fully  indemnify  the  Released  Parties  and their  shareholders, members, managers,  officers, directors,  employees and  independent contractors against   and will hold the Released Parties and their shareholders,  members, managers, officers,  directors,  employees and independent contractors harmless  from any and all claims, costs, damages, demands, expenses (including, without limitation, reasonable  attorneys'

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fees), judgments, losses  or other  liabilities of any  kind or  nature whatsoever  arising  from  or directly  or  indirectly  related to any or all of this Agreement and the conduct  of the  Executive hereunder, including without limitation any material breach or willful failure to comply  with any or all of the provisions of this Agreement. 

6.         No Disparaging, Untrue or Misleading Statements.  The Executive represents  that he has not made, and agrees that he will not make, to any third party any disparaging,  untrue, or misleading  written or oral statements about or relating to the Released Parties or their products or services  (or about or relating to any officer, director, agent, employee, or other person acting on the Released  Parties' behalf).

7.         Confidential    Information,   Intellectual   Property,  Non-Competition    and   Non- Solicitation.  In addition to any agreement related to intellectual property rights, trade secrets, confidential   information  and /or work products previously executed  by the Executive,  including without  limitation  the Employee Intellectual Property and Confidentiality  Agreement,  the Noncompetition and  Confidentiality  Agreement, and your Employment  Agreement,  Executive agrees that all Intellectual  Property (as defined below) that Executive, individually or jointly with others  (in whole or in part), invent, discover, originate, conceive, design, draw, develop,  write, prepare,  or  participate   in  through  the  Resignation  Date,  whether  during  working   hours  or otherwise,   that  arises  out  of,  relates  to, suggested  by, or  results  from  the  Company's  trade secrets,  confidential  or proprietary information, his duties for Company, Company's business, or Company's anticipated  business development  ("Employer  Rights")  is the sole  property  of  the Company  and a "work  made for hire" and/or "invention  for hire." To the extent  all  Employer Rights do  not automatically vest in the Company by operation of law or otherwise,  Executive hereby assigns  and grants to the Company all of the right, title, and interest of every  kind and nature  in any such  Employer  Rights, free and clear of liens, claims, or encumbrances, without additional  compensation  for doing so. Executive agrees to assist the Company at its expense for out-of-pocket expenses reasonably incurred in perfecting the Company's rights in the Employer Rights, and hereby irrevocably appoints the Company his attorney-in-fact to execute and file any documents necessary or convenient for that purpose. Executive hereby waives any moral rights to any Employer Rights.  For the purposes of this Agreement, the term "Intellectual  Property" means on a worldwide  basis, any and all now known or hereafter known tangible and intangible intellectual  and  industrial  property  rights of every  kind and  nature and  however  designated, whether arising  by operation of law, contract, license, or otherwise, including without limitation, trademarks, copyrights,  inventions, and  patents, and all applications  and  registrations  thereof. Nothing  in this section  requires the assignment of any of your rights in any inventions  (as that term is used  in  applicable  law) for  which  no equipment,  supplies,  facilities,  or  trade  secret information  of Company is used and which is developed entirely on your own time, unless (i) the invention   relates   to  the  business   of  Company   or  to  Company's  actual   or  demonstrably anticipated research or development, or (ii) the invention results from any  work  performed  by you  for  Company.   By signing your name below, you acknowledge being been given written notice of this exception.

Executive  further agree that he will not at any time divulge to any other entity or person any  information  acquired  by him concerning the financial or legal affairs  of the Company,  its affiliates   and   subsidiaries,  its officers,  directors, employees and/or shareholder or the Employer's or the Company's business processes or methods or research, environmental health

 

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and  safety   processes, procedures, or  initiatives,  development or  marketing programs or  plans, any  other  of its trade secrets, any information concerning this Agreement or the terms  thereof or any  information  regarding discussions related  to any  of the foregoing or  make,  write,  publish, produce or  in any  way  participate in placing  into the public  domain  any  statement, opinion or information with  respect   to  any  of  the  foregoing  or  which  reflects  adversely  upon  or  would reasonably impair  the reputation  or best interests of the Company  or any of its directors, officers, employees or  agents or  their  respective family   members. During the course of Executive’s employment he received   and was privy to the Company's attorney-client and work   product privileged information. Executive specifically acknowledges and agrees  that he does  not have the authority  to  address the  company's  legal  affairs  or  to  waive  the  Company's  attorney-client privilege or  work  product  privilege, and agrees  that he will  not disclose  any  such  information. Confidential  information does  not  include  (i) information  which  is required  to  be disclosed  by court   order, subpoena or  other  judicial   process,  subject  to  provisions   of  this  Agreement (ii) information regarding your  job  responsibilities during  your  employment with  the  Employer to prospective employers  in  connection  with  an  application  for  employment, (iii)   information regarding the financial terms of this Agreement to Executive's spouse or tax advisor for purposes of obtaining tax advice  provided  that such persons  are made aware  of and agree  to comply with the   confidentiality obligation, or (iv)  information which is necessary  to  be  disclosed to Executive's attorney to determine whether he should enter into this Agreement. 

In the event  that  Executive seeks or are sought  make disclosure under any agency or law enforcement investigation, court order, subpoena,  or  other  judicial process, Executive will cooperate with  the  Company and  provide  the  Company   with  prompt  written   notice   of  such request, take all steps  requested by the Company to defend against the compulsory disclosure of confidential information, and permit the Company  to participate  with counsel  of its choice in any proceeding relating to the compulsory disclosure. Executive acknowledges that  all information, the  disclosure  of  which   is  prohibited   by  this  Section,  is  of  a  confidential  and   proprietary character and of great  value  to the Company. Executive  also acknowledges that, to the extent  he had access to and became  acquainted with confidential information of the Company, he shall  not use such  information for any  purpose, including  using such  information on  behalf  of himself or any third  party.

The   foregoing prohibitions shall  include, without limitation, directly or indirectly publishing (or causing, participating in, assisting or  providing any  statement, opinion or information in connection with  the publication  of) any diary, memoir, letter, story, photograph, interview, article, essay, account  or description (whether  fictionalized or not) concerning any  of the  foregoing,  publication being  deemed   to  include  any  presentation   or  reproduction  of  any written, verbal  or visual  material  in any communication medium,  including any book, magazine, newspaper, theatrical production or movie, or television  or radio programming or commercial or any  posting on the Internet. In addition  to any and all other  remedies  available to the Company for any  violation of this Section, you agree  to immediately remit and  disgorge to the Company any  and  all payments paid or payable  to you in connection  with or as a result  of engaging in any of the above acts.

Executive acknowledges and agrees that he remains bound to his  non-competition and non-solicitation obligations, as  set forth in his Employment Agreement with the Company.

                        

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However,  in exchange  for Executive's execution of this Agreement,  the Company  agrees  that, notwithstanding any  contrary  language in the Noncompetition  Agreements,  Executive  may  be employed   as  President,  Bombardier  Business  Aircraft  immediately  following  the  Resignation Date, provided  that Executive's role in that position (or any other position) does not involve the Bombardier's C-Series,  or any other commercial aircraft, or aerostructures  activities.  All other terms  and  conditions   of  the  Noncompetition   Agreements  remain  in  full  force  and  effect, including  restrictions  against competition with the Company in any position or business activity; the solicitation of Company employees; and the disclosure of confidential information.

8.          Severability.   If any  provision of this Agreement  shall  be found  by a court  of competent jurisdiction  to be invalid or unenforceable, in whole or in part, then such  provision shall  be construed  and/or  modified or restricted to the extent and  in the  manner  necessary  to render  the same  valid and enforceable, or shall be deemed excised from this Agreement,  as the case  may  require, and this Agreement shall be construed and enforced  to the maximum  extent permitted  by law, as if such provision had been originally incorporated herein as so modified  or restricted, or as if such provision had not been originally incorporated herein, as the case may be. The  parties  further  agree  to seek a lawful substitute for any  provision  found  to  be unlawful; provided, that, if the parties are unable to agree upon a lawful substitute,  the parties desire  and request that a court or other authority called upon to decide the enforceability  of this Agreement modify   the  Agreement   so  that,  once  modified,  the  Agreement  will  be  enforceable  to  the maximum  extent permitted by the law in existence at the time of the requested enforcement.

9.          Waiver.  A waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver or estoppel of any subsequent breach by such breaching party.  No waiver shall be valid unless in writing and signed by an authorized officer of the Company or the Executive, as applicable.

10.     Miscellaneous Provisions.

(a)        Non-Disclosure.    Other than as  mandated  by law, the  Executive  agrees that he will keep the terms and amounts set forth in this Agreement completely  confidential  and will not disclose any information  concerning this Agreement's terms and amounts  to any person other  than his attorney, accountant, tax advisor, or immediate family  unless and until such time as the terms of the Agreement are publicly filed by the Parent pursuant to the Parent's filing obligations  under  the  Securities   Exchange  Act  of  1934  (a  "Public Filing"). Should the Executive disclose information  about  this  Agreement  to  his  immediate  family,   his  attorney and/or  tax and financial advisors  prior to a Public Filing, he shall advise such persons  that they must  maintain  the  strict  confidentiality  of  such  information  and  must  not  disclose   it  unless otherwise required by law.

(b)        Representation.      The Executive represents  and certifies that  he has carefully  read and fully understands all of the provisions and effects of this Agreement, has knowingly and voluntarily entered into this Agreement freely and without coercion, and acknowledges that the Company advised him to consult with an attorney  prior to executing  this Agreement  and further advised him that he had twenty-one (21) days within which to review and consider   this  Agreement  and  that, if  he signs  this  Agreement  in  less time,  he  has  done  so voluntarily  in order to  obtain sooner the  benefits  under this  Agreement. The Executive is

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voluntarily entering  into this Agreement  and neither the Company  nor its employees, officers, directors, representatives,  attorneys  or  other  agents  made  any  representations concerning  the terms  or effects  of  this Agreement  other than those contained  in the Agreement  itself  and  the Executive   is  not  relying  on  any  statement  or  representation  by  the  Company  or  any  other Released  Parties  in executing  this Agreement.   The Executive is relying on his own judgment and that of his attorney to the extent so retained.  The Executive also specifically  affirms that this Agreement clearly  expresses  his  intent  to  waive  fraudulent  inducement  claims, and  that  he disclaims any reliance on representations about any of the specific matters in dispute.

(c)        Revocation.  The Executive acknowledges that he has seven (7) days from the date this Agreement  is executed  in which to revoke his acceptance  of the ADEA  portion of this  Agreement, and  such  portion of this Agreement  will not be effective  or enforceable until such  seven (7) day period has expired.   To be effective, any such revocation  must be in writing and  delivered  to the Company's  principal place of business, to the attention  of the Company's general   counsel, on  or  before  the  seventh  day  after  signing  and  must  expressly   state  the Executive's intention  to revoke the ADEA portion of this Agreement.   If the Executive revokes his acceptance of the ADEA  portion of the Agreement, the remainder  of  the Agreement shall remain  in full  force  and effect as to all of its terms except for the release of claims under  the ADEA (and the consideration attributable thereto), and the Company will have three (3) business days to rescind the entire Agreement by so notifying the Executive.

(d)        Return of Property.  By signing this Agreement, the Executive affirms that he shall  have returned to the Company all of the Company‘s and the Parent's  and their respective subsidiaries  property   that   was   in  the   Executive's   possession,  custody   or  control   by  the Resignation  Date, including, without limitation, (i) all keys, access cards, credit cards, computer hardware, computer  software, data, materials, documents, records, policies, client  and customer information, marketing  information, design information, specifications and plans, data base information  and lists, and any other property or information of the Company, the Parent and their subsidiaries  (whether   those  materials   are  in  paper  or  computer-stored   form),   and   (ii) all documents  and   other   property   containing,   summarizing,   or   describing   any   Confidential Information,  including  all  originals  and  copies,  except  for  property  which  the Company  may otherwise agree  in  writing  that  the  Executive  may retain  in order  to  perform  the  consulting services   hereunder   or  otherwise.     Any  property  of  the  Company  or  the  Parent  which  the Executive  is permitted to retain in connection with the consulting services shall be returned when such  services  terminate.    The  Executive  affirms  that  he will  not retain  any  such  property  or information in any form (except as permitted in accordance with the preceding  provisions of this Paragraph 10(d)),  and  will  not give  copies of  such  property  or  information  or  disclose  their contents to  any  other  person.   The  foregoing  provisions  notwithstanding,  the  Company   will provide  to  Executive  the information  technology described  in paragraph  (2), and  at no cost  or charge, the  cell  phone  and  tablet  computer  used  by  him  while  an  employee   of  Company, provided  that such devices are made available to the Company and that the Company  has taken appropriate and necessary steps to remove any proprietary or confidential  information  from said devices,   as   needed.     Executive  acknowledges   and  agrees  that   if  he  discovers   any   such information on these  devices,  he will immediately notify the Company  so that additional  steps can be taken to ensure that such information is removed.  Nothing in this paragraph  in any limits Executive's obligations  or  responsibilities  related  to  the  use  of  the  Company’s  confidential information.

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11.       Complete Agreement.   This Agreement sets forth the entire  agreement between the parties,  and fully supersedes any and all prior agreements or understandings, whether oral or written,  between  the parties pertaining to actual or potential claims arising from  the Executive's employment with the Company and the Parent or the termination of the Executive's employment with  the  Company  and  the  Parent,  including,  but not limited to, the Employment  Agreement. The  Executive  expressly  warrants  and  represents  that  no promise  or agreement  which  is  not herein expressed  has been made to him in executing this Agreement.

12.       No Pending or Future Lawsuits.  The Executive represents that he has no lawsuits, claims  or actions  pending  in his name, or on behalf of any other person or entity, against  the Company  or any of the Released  Parties.  The Executive also represents that he does  not intend to  bring  any  claims  on  his own  behalf or on  behalf of any other  person or entity  against  the Company  or any of the Released Parties.

13.       No Admission of Liability.   The Executive understands and acknowledges that this Agreement constitutes a compromise and settlement of any and all actual or known disputed claims   by the Executive.  No action  taken  by the  Company  hereto,  either  previously  or  in connection with this Agreement, shall be deemed or construed to be (a) an admission  of the truth or falsity of any actual or known claims or (b) an acknowledgment or admission  by the Company of any fault or liability whatsoever to the Executive or any third party.

14.       Future Cooperation.   Upon request, Executive agrees to provide his full assistance and  cooperation in any  matter or  matters (including  but not limited  to any claim  negotiations with   customers  or   suppliers,    law  enforcement   investigations   or   proceeding,   mediations, arbitrations, lawsuits, or otherwise,  including but not limited to matters relating to ongoing  Spirit arbitration or  other  litigated  matters  with customers  or suppliers)  relating  to  his expertise  or experience  as   the   Company   may   reasonably   request,   including   consulting,   training,  the preparation  for, and I or attendance  at any hearing or proceeding  in the Company's defense  or prosecution   of  any  existing  or  future  actions,  arbitrations,  claims  or  litigations  of  which  the Company  identifies  Executive  as potentially  having knowledge, where  deemed  appropriate  by the Company.  The Company  will reimburse Executive for the reasonable costs and expenses  in connection therewith,  provided however that such payments are not intended to influence  in any way  the testimony  Executive  gives  under oath, and the Company  expects  Executive  to testify truthfully.  The Company's agreement to reimburse Executive through this Agreement   is not based, conditioned or contingent in any way on the substance, content or efficacy of Executive's testimony, or the outcome  of any particular matter.  The Company is reimbursing  Executive  for the  revenue   Executive   loses  while  spending  time  relating  to  these  issues,  and  Executive's reasonable expenses  due to the same.

15.       Amendment.  This Agreement may not be altered, amended, or modified except in writing signed by both the Executive and the Company.

16.       Joint Participation. The parties hereto participated jointly in the negotiation and preparation of this Agreement, and each party has had the opportunity  to obtain  the advice  of legal counsel  and to review and comment upon the Agreement.  Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party.  This Agreement shall

                        

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be construed  as if the parties jointly  prepared this Agreement, and any uncertainty  or ambiguity shall not be interpreted against one party and in favor of the other.

17.        Applicable Law.  This Release shall be governed by, and construed in accordance with, the laws of the State of Kansas, and any court action commenced to enforce this Agreement shall have as its sole and exclusive venue Sedgwick County, Kansas. In addition, the Executive and the Company waive any right he or it may otherwise have to a trial by jury in any action to enforce the terms of this Release.

18.       Execution of Agreement.  This Agreement may be executed in counterparts, each of which shall be considered an original, but which when taken together, shall constitute one Agreement. This  Agreement,   to  the extent  signed  and  delivered  by  means  of  a  facsimile machine  or  by  PDF  file  (portable  document  format  file), shall  be treated  in all  manner  and respects as an original  agreement or instrument and shall be considered to have the same binding legal effect as if it were the originally signed version delivered  in person.  At the request of any party hereto, each other party shall re-execute original forms hereof and deliver them to all other parties.

[Signature page follows.]

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PLEASE READ THIS AGREEMENT AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT.  THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS, INCLUDING THOSE UNDER THE FEDERAL AGE DISCRIMINATION IN EMPLOYMENT ACT, AND OTHER FEDERAL, STATE AND LOCAL LAWS PROHIBITING  DISCRIMINATION IN EMPLOYMENT.

IN WITNESS WHEREOF, the Executive, the Company and the Parent have voluntarily signed this Resignation and Consulting Agreement and General Release, effective as of the first date set forth above.

SPIRIT AEROSYSTEMS, INC.

	
				
	 
	 
	 
	 

	 
	 
	 
	 

	By:
	/s/ Sam Marnick
	 
	 

	Its:
	CAO\SVP
	 
	/s/ David Coleal

	 
	 
	 
	DAVID COLEAL

SPIRIT AEROSYSTEMS HOLDINGS, INC.

	
				
	 
	 
	 
	 

	 
	 
	 
	 

	By:
	/s/ Sam Marnick
	 
	 

	Its:
	CAO\SVP
	 
	 

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