Document:

Exhibit 10g(xvi) Executive Employment Agreement between Russell H. Jones and
      Kaman Corporation

    
      

    

    Exhibit 10g (xvi)

     

    
       

      EXECUTIVE
        EMPLOYMENT AGREEMENT

       

       

      This
        EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is effective as of January 1,
        2007 (the “Effective Date”) between Kaman Corporation, a Connecticut corporation
        (the “Company”), and Russell H. Jones (the “Executive”).

       

      W
        I T N E
        S S E T H:

       

      WHEREAS,
        the Executive is currently employed as the Senior Vice President, Chief
        Investment Officer and Treasurer of the Company;

       

      WHEREAS,
        the Company has offered to continue employing the Executive on the terms
        set
        forth below; and

       

      WHEREAS,
        the Executive has agreed to continued employment with the Company on the
        terms
        as set forth below;

       

      NOW
        THEREFORE, in consideration of the foregoing, of the mutual promises contained
        herein and of other good and valuable consideration, the receipt and sufficiency
        of which are hereby acknowledged, the parties hereto hereby agree as
        follows:

       

      1. EMPLOYMENT
        TERM. 

       

      The
        Executive’s term of employment under this Agreement shall be for a term
        commencing on the Effective Date and, unless terminated earlier as provided
        in
        Section 7 hereof, ending on March 31, 2008 (such term of employment is herein
        referred to as the “Employment Term”).

       

      2. POSITION
        & DUTIES.

       

      (a) The
        Executive shall serve as the Company’s Senior Vice President, Chief Investment
        Officer and Treasurer and as the Company’s principal investor relations officer
        and principal public relations officer (collectively, the “Other Duties”) under
        this Agreement during the Employment Term. As Senior Vice President, Chief
        Investment Officer and Treasurer and in connection with such Other Duties,
        the
        Executive shall have such duties, authorities and responsibilities commensurate
        with the duties, authorities and responsibilities of persons in similar
        capacities in similarly sized companies and such other duties and
        responsibilities as the Company’s Board of Directors (the “Board”) shall
        designate that are consistent with the Executive’s positions as Senior Vice
        President, Chief Investment Officer and Treasurer and in connection with
        such
        Other Duties.

       

      
        
          
          

        

        
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      (b) During
        the Employment Term, the Executive shall use the Executive’s best reasonable
        efforts to perform faithfully and efficiently the duties and responsibilities
        assigned to the Executive hereunder (including applicable obligations under
        state law) and devote substantially all of the Executive’s business time
        (excluding periods of vacation and other approved leaves of absence) to the
        performance of the Executive’s duties with the Company, provided the foregoing
        shall not prevent the Executive from (i) participating in charitable, civic,
        educational, professional, community or industry affairs or, with prior written
        approval of the Board, serving on the board of directors or advisory boards
        of
        other companies; and (ii) managing the Executive’s and the Executive’s family’s
        personal investments so long as such activities do not materially interfere
        with
        the performance of the Executive’s duties hereunder or create a potential
        business conflict or the appearance thereof. If at any time service on any
        board
        of directors or advisory board would, in the good faith judgment of the Board,
        conflict with the Executive’s fiduciary duty to the Company or create any
        appearance thereof, the Executive shall promptly resign from such other board
        of
        directors or advisory board after written notice of the conflict is received
        from the Board.

       

      (c) The
        Executive further agrees to serve without additional compensation as an officer
        and director of any of the Company’s subsidiaries and agrees that any amounts
        received from any such corporation may be offset against the amounts due
        hereunder.

       

      3. BASE
        SALARY. The Company agrees to pay the Executive a base salary (the “Base
        Salary”) during the Employment Period at an annual rate of $255,000 (subject to
        possible increase if the Board, in its sole discretion, so determines), payable
        in accordance with the regular payroll practices of the Company, but not
        less
        frequently than monthly. 

       

      4. BONUSES.
        The Executive shall be eligible to participate in the Company’s bonus and other
        short- and long-term incentive compensation plans and programs for the Company’s
        senior executives at a level commensurate with the Executive’s position during
        the Employment Term. The Executive shall have the opportunity to earn an
        annual
        target bonus measured against performance criteria to be determined by the
        Board
        (or a committee thereof) of at least 45% of Base Salary as an initial target
        bonus opportunity as described in the terms of the Company’s annual bonus plan
        as then in effect. Except as provided under Section 8 of the Agreement, the
        Executive shall receive payments with respect to the plans and programs
        described in this Section 4 in accordance with the terms of such plans and
        programs.

       

      5. EQUITY
        AWARDS. The
        Executive shall be eligible to receive additional grants of stock options,
        stock
        appreciation rights, restricted stock and other equity awards at the sole
        discretion of the Board or the Personnel and Compensation Committee (the
        “Committee”). The
        Executive shall be subject to, and shall comply with, the Company’s reasonable
        policies regarding forfeitures of cash and equity incentive awards due to
        material financial restatements due to executive misconduct, as may be in
        effect
        from time to time, it
        being
        agreed that any such policies shall only be effective with respect to awards
        made on or after the Effective Date.
        If
        there
        is a Change in Control (as defined in the Kaman Corporation 2003 Stock Incentive
        Plan in effect on the date hereof), all then outstanding unvested equity
        awards
        granted to the Executive (for example, stock options, stock appreciation
        rights
        and restricted stock), whether under this Agreement or otherwise, will fully
        vest
        and
        become
        non-forfeitable and remain exercisable in accordance with the terms of the
        applicable Company plans.

       

      
         

        
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      6. EMPLOYEE
        BENEFITS.

       

      (a) BENEFIT
        PLANS. The Executive shall be entitled to participate in all employee benefit
        plans of the Company including, but not limited to, pension, thrift, profit
        sharing, medical coverage, education, other retirement or welfare benefits
        and
        perquisites (as approved by the Committee) that the Company has adopted or
        may
        adopt, maintain or contribute to for the benefit of its senior executives
        at a
        level commensurate with the Executive’s positions subject to satisfying the
        applicable eligibility requirements.

       

      (b) VACATION.
        The Executive shall be entitled to at least 5 weeks paid vacation per year.
        Vacation may be taken at such times as the Executive elects with due regard
        to
        the needs of the Company. Unused vacation at the end of a calendar year shall
        be
        forfeited according to the Company's vacation policy.

       

      (c) AUTOMOBILE.
        The Company shall provide the Executive with a leased automobile as approved
        by
        the Committee as per the Company’s perquisites policy from time to
        time.

       

      (d) BUSINESS
        AND ENTERTAINMENT EXPENSES. Upon presentation of appropriate documentation,
        the
        Executive shall be reimbursed in accordance with the Company’s expense
        reimbursement policy for all reasonable and necessary business and entertainment
        expenses incurred in connection with the performance of the Executive’s duties
        hereunder.

       

      (e) CERTAIN
        AMENDMENTS. Nothing herein shall be construed to prevent the Company from
        amending, altering, eliminating or reducing any plans, benefits or programs
        so
        long as the Executive continues to receive compensation and benefits consistent
        with Sections 3 through 6.

       

      7. TERMINATION.
        The Executive’s employment and the Employment Term shall terminate on the first
        of the following to occur:

       

      (a) DISABILITY.
        Upon written notice by the Company to the Executive of termination due to
        Disability, while the Executive remains Disabled. For purposes of this
        Agreement, “Disability” shall be deemed the reason for the termination by the
        Company of the Executive’s employment, if, as a result of the Executive
        incapacity due to physical or mental illness, the Executive shall have been
        absent from fully performing the Executive’s duties with the Company for a
        period of 6 consecutive months, the Company shall have provided a notice
        of
        termination under this Section 7(a), and, within thirty days after such notice
        being given, the Executive shall not have returned to the fully performing
        the
        Executive’s duties hereunder.

       

      (b) DEATH.
        Automatically on the date of death of the Executive.

       

      
        
          
          

        

        
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      (c) CAUSE.
        Immediately upon written notice by the Company to the Executive of a termination
        for Cause. “Cause” shall mean (i) Executive’s conviction of (or a plea of guilty
        or nolo contendere to) a felony or any crime involving moral turpitude,
        dishonesty, fraud, theft or financial impropriety; or (ii) a determination
        by a
        majority of the Board in good faith that Executive has (A) willfully and
        continuously failed to perform substantially the Executive’s duties (other than
        any such failure resulting from the Executive’s Disability or incapacity due to
        bodily injury or physical or mental illness), after a written demand for
        substantial performance is delivered to the Executive by the Board that
        specifically identifies the manner in which the Board believes that the
        Executive has not substantially performed the Executive’s duties, (B) engaged in
        illegal conduct, an act of dishonesty or gross misconduct, in each case which
        is
        in the course of the Executive’s employment and materially injurious to the
        Company, or (C) willfully violated a material requirement of the Company’s code
        of conduct or the Executive’s fiduciary duty to the Company. No act or failure
        to act on the part of the Executive shall be considered “willful” unless it is
        done, or omitted to be done, by the Executive in bad faith and without
        reasonable belief that the Executive’s action or omission was in, or not opposed
        to, the best interests of the Company. Notwithstanding
        the foregoing, Cause shall not include any act or omission of which the Audit
        Committee of the Board (or the full Board) has had actual knowledge of all
        material facts related thereto for at least 90 days without asserting that
        the
        act or omission constitutes Cause.

      

      (d) WITHOUT
        CAUSE. Upon written notice by the Company to the Executive of an involuntary
        termination without Cause and other than due to death or
        Disability.

       

      (e) GOOD
        REASON. Upon written notice by the Executive to the Company of a termination
        for
        Good Reason, unless such events are corrected in all material respects by
        the
        Company within 30 days following written notification by the Executive to
        the
        Company, that the Executive intends to terminate the Executive’s employment
        hereunder for one of the reasons set forth below. “Good Reason” shall mean,
        without the Executive’s express written consent, the occurrence of any of the
        following events:

       

      (1) the
        Company removing the Executive from the positions of Senior Vice President,
        Chief Investment Officer, and Treasurer (other
        than for Cause);

       

      (2) a
        reduction of the Executive’s Base Salary, annual initial target bonus
        opportunity or
        modified bonus opportunity to the extent the modification to the initial
        target
        bonus opportunity is adverse to the Executive relative to the modification
        made
        to the initial target bonus opportunity of other senior officers of the
        Executive’s business unit;

       

      (3) a
        failure
        to pay the Executive’s compensation or benefits provided or referred to under
        this Agreement;

       

      (4) the
        Executive being required to relocate to a principal place of employment more
        than 50 miles from the Executive’s principal place of employment with the
        Company as of the Effective Date; or

       

      (5) the
        assignment of duties to the Executive that are materially inconsistent with
        the
        Executive’s positions as Senior Vice President, Chief Investment Officer and
        Treasurer.

       

      
        
          
          

        

        
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      Notwithstanding
        the foregoing, (i) a suspension of the Executive’s title and authority while on
        administrative leave due to a reasonable belief that the Executive has engaged
        in misconduct, whether or not the suspected misconduct constitutes Cause
        for
        employment termination, shall not be considered “Good Reason”; provided that if
        such leave is unpaid and either the Executive returns to full-time employment
        under this Agreement or it is subsequently determined the Executive’s employment
        is to be terminated without Cause, then the compensation and benefits that
        would
        have been payable during such leave will be paid as soon as reasonably
        practicable with interest at the prime rate beginning as of the date such
        leave
        commenced plus 100 basis points; (ii) an event shall not be considered Good
        Reason if the Executive fails to deliver notice of termination for Good Reason
        within 90 days of the Executive’s actual knowledge of the event, and (iii)
        prospective changes to employee benefits (as defined in Section 6) for future
        employment made on an across-the-board basis to all similarly situated
        executives of the Company and its subsidiaries shall not be considered Good
        Reason.

       

      (f) WITHOUT
        GOOD REASON. Upon 60 days’ prior written notice by the Executive to the Company
        of the Executive’s termination of employment without Good Reason (which the
        Company may, in its sole discretion, make effective earlier than any notice
        date).

       

      (g) RETIREMENT.
        Upon remaining employed with the Company until at least May 10, 2007 (the
        “Retirement Eligibility
        Date”). Nothing herein shall be construed as limiting the Executive’s right, if
        any, to terminate employment prior to the Retirement Eligibility Date and
        receive compensation and benefits, as applicable, provided under the respective
        terms of the Company’s benefit plans.

       

      8. CONSEQUENCES
        OF TERMINATION. Any termination payments made and benefits provided under
        this
        Agreement to the Executive shall be in lieu of any termination or severance
        payments or benefits for which the Executive may be eligible under any of
        the
        plans, policies or programs of the Company or its affiliates as may be in
        effect
        from time to time including but not limited to the Change in Control Agreement.
        Except to the extent otherwise provided in this Agreement, all benefits,
        including, without limitation, stock options, stock appreciation rights,
        restricted stock units and other awards under the Company’s long-term incentive
        programs, shall be subject to the terms and conditions of the plan or
        arrangement under which such benefits accrue, are granted or are awarded.
        Subject to Section 9, the following amounts and benefits shall be due to
        the
        Executive.

       

      (a) DISABILITY.
        Upon employment termination due to Disability, the Company shall pay or provide
        the Executive (i) any unpaid Base Salary through the date of termination
        and any
        accrued vacation in accordance with Company policy; (ii) any unpaid bonus
        or
        other short-term and long-term incentive compensation as described in Section
        4
        above earned with respect to any completed fiscal year; (iii) reimbursement
        for
        any unreimbursed expenses incurred through the date of termination; (iv)
        all
        other payments and benefits to which the Executive may be entitled under
        the
        terms of any applicable compensation arrangement or benefit, equity or
        perquisite plan or program or grant or this Agreement, including but not
        limited
        to any applicable pension, retirement and insurance benefits (collectively,
        “Accrued Amounts”). Executive will also be paid a pro-rata portion of the
        Executive’s annual bonus for the performance year in which the Executive’s
        termination occurs, payable at the time that annual bonuses are paid to other
        senior executives (determined by multiplying the amount the Executive would
        have
        received had employment continued through the end of the performance year
        by a
        fraction, the numerator of which is the number of days during the performance
        year of termination that the Executive is employed by the Company and the
        denominator of which is 365). 

       

      
        
          
          

        

        
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      (b) DEATH.
        In
        the event the Employment Term ends on account of the Executive’s death, the
        Executive’s estate (or to the extent a beneficiary has been designated in
        accordance with a program, the beneficiary under such program) shall be entitled
        to any Accrued Amounts, including but not limited to proceeds from any Company
        sponsored life insurance programs. Executive’s estate (or beneficiary) will also
        be paid a pro-rata portion of the Executive’s annual bonus for the performance
        year in which the Executive’s death occurs, payable at the time that annual
        bonuses are paid to other senior executives (determined by multiplying the
        amount the Executive would have received based upon target performance had
        employment continued through the end of the performance year by a fraction,
        the
        numerator of which is the number of days during the performance year of
        termination that the Executive is employed by the Company and the denominator
        of
        which is 365). 

       

      (c) TERMINATION
        FOR CAUSE OR WITHOUT GOOD REASON. If the Executive’s employment should be
        terminated (i) by the Company for Cause, or (ii) by the Executive without
        Good
        Reason, the Company shall pay to the Executive any Accrued Amounts.

       

      (d) TERMINATION
        WITHOUT CAUSE OR FOR GOOD REASON.
        If the
        Executive’s employment by the Company is terminated by the Company other than
        for Cause (other than a termination due to Disability or death) or by the
        Executive for Good Reason, then the Company shall pay or provide the Executive
        with:

       

      (1) Accrued
        Amounts;

       

      (2) a
        pro-rata portion of the Executive’s annual bonus for the performance year in
        which the Executive’s termination occurs, payable at the time that annual
        bonuses are paid to other senior executives (determined by multiplying the
        amount the Executive would have received based upon actual financial performance
        had employment continued through the end of the performance year by a fraction,
        the numerator of which is the number of days during the performance year
        of
        termination that the Executive is employed by the Company and the denominator
        of
        which is 365);

       

      (3) an
        amount
        equal to the product of (a) 1.25 times (b) the sum of (i) the Executive’s then
        Base Salary and (ii) the most recent annual bonus paid to the Executive (or
        awarded by the Board or the Committee for the preceding calendar year if
        not
        then paid), times (c) a fraction, the numerator of which is the number of
        days
        from the Executive’s employment termination date until the end of the Employment
        Term, and the denominator of which is 456, payable in a single lump sum
        commencing on the earliest payroll date that does not result in adverse tax
        consequences to Executive under Section 409A of the Code;

       

      (4) each
        cash-based long-term performance award for
        which
        the performance period has not yet been completed as of the date of such
        termination
        shall be
        deemed fully vested and fully earned and then shall be cancelled in exchange
        for
        a cash payment equal to 100% of the target value of such award multiplied
        by a
        fraction, the numerator which is the number of days the Executive remained
        employed with the Company during the award’s performance period and the
        denominator of which is the total number of days during the award’s performance
        period;

       

      
        
          
          

        

        
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      (5) title
        to
        the Company automobile to the Executive on an “as is” basis, with the
        automobile’s fair market value being taxable to the Executive;

       

      (6) subject
        to the Executive’s continued co-payment of premiums, if required under Company
        policy, continued participation for 24 months but in no event later than
        the
        Retirement Eligibility Date in all medical, dental and vision plans which
        cover
        the Executive (and eligible dependents) upon the same terms and conditions
        (except for the requirements of the Executive’s continued employment) in effect
        for active employees of the Company. In the event the Executive obtains other
        employment that offers substantially similar or improved benefits, as to
        any
        particular medical, dental or vision plan, such continuation of coverage
        by the
        Company for such similar or improved benefit under such plan under this
        subsection shall immediately cease. The continuation of health benefits under
        this subsection shall reduce and count against the Executive’s rights under the
        Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”);
        and

       

      (7) the
        Company shall continue to pay all premiums on the life insurance coverage
        issued
        to the Executive for 24 months but in no event later than the Retirement
        Eligibility Date.

       

      (e) RETIREMENT.
        If the Executive terminates employment on or following the Executive’s
        Retirement Eligibility Date, the Company shall pay to the
        Executive:

       

      (1) any
        Accrued Amounts;

       

      (2) a
        pro-rata portion of the Executive’s annual bonus for the performance year in
        which the Executive’s retirement occurs, payable at the time that annual bonuses
        are paid to other senior executives (determined by multiplying the amount
        the
        Executive would have received based upon actual financial performance had
        employment continued through the end of the performance year by a fraction,
        the
        numerator of which is the number of days during the performance year of
        termination that the Executive is employed by the Company and the denominator
        of
        which is 365);

       

      (3) each
        cash-based long-term performance award for
        which
        the performance period has not yet been completed as of the date of such
        termination
        shall be
        deemed fully vested and fully earned and then shall be cancelled in exchange
        for
        a cash payment within 10 business days after the date of the Executive's
        retirement with payment equal to 100% of the target value of such award
        multiplied by a fraction, the numerator which is the number of days the
        Executive remained employed with the Company during the award’s performance
        period and the denominator of which is the total number of days during the
        award’s performance period;

       

      (4) title
        to
        the Company automobile to the Executive on an “as is” basis, with the
        automobile’s fair market value being taxable to the Executive; and

       

      (5) the
        Executive shall be considered to have “retired” on the Executive’s date
        of
        termination of employment with the Company on or following the
        Executive’s
        Retirement Eligibility Date for purposes of any plans, programs, agreements
        or
        arrangements with the Company or its affiliates.

       

      
        
          
          

        

        
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      (f) ACCELERATION
        OF EQUITY AWARDS

       

      If
        the
        Executive's employment by the Company is terminated by the Company for
        Disability (as defined in Section 7(a)) or without Cause (as defined in Section
        7(c)), or by the Executive for Good Reason (as defined in Section 7(e)),
        Retirement (as defined in Section 7(g)) or due to death, all then outstanding
        unvested equity awards granted to the Executive (for example, stock options,
        stock appreciation rights and restricted stock), whether under this Agreement
        or
        otherwise, will fully vest and become non-forfeitable and remain exercisable
        in
        accordance with the terms of the applicable Company plans.

       

      (g) COORDINATION
        WITH CHANGE IN CONTROL AGREEMENT.

       

      Notwithstanding
        anything to the contrary set forth in this Agreement, if the Executive’s
        employment with the Company is terminated under circumstances that result
        in the
        payment of “Severance Payments” under the Executive’s Change in Control
        Agreement,
        the
        Severance Payments under the Executive’s Change in Control Agreement shall be in
        lieu of any severance benefits otherwise payable to the Executive under this
        Section 8.

       

      9. CONDITIONS.
        Any payments or benefits made or provided pursuant to Section 8 (other than
        Accrued Amounts) are subject to the Executive’s:

       

      (a) compliance
        with the provisions of Section 11 hereof;

       

      (b) delivery
        to the Company of an executed Agreement and General Release (the “General
        Release”), which shall be substantially in the form attached hereto as Appendix
        A (with such changes therein or additions thereto as needed under then
        applicable law to give effect to its intent and purpose) within 21 days of
        presentation thereof by the Company to the Executive; and

       

      (c) delivery
        to the Company of a resignation from all offices, directorships and fiduciary
        positions with the Company, its affiliates and employee benefit
        plans.

       

      For
        purposes of any payments or benefits provided under Section 8 (other than
        Accrued Amounts) to an Executive’s beneficiary or estate, the beneficiary or
        estate shall comply with the provisions of Section 9(b) and Section
        11(e).

       

      Notwithstanding
        the due date of any post-employment payments, any amounts due following a
        termination under this Agreement (other than Accrued Amounts) shall not be
        due
        until after the expiration of any revocation period applicable to the General
        Release without the Executive having revoked such General Release, and any
        such
        amounts shall be paid to the Executive within ten (10) days of the expiration
        of
        such revocation period without the occurrence of a revocation by the Executive
        (or such later date as may be required under Section 409A of the Code in
        accordance with Section 20 hereof). Nevertheless (and regardless of whether
        the
        General Release has been executed by the Executive), upon any termination
        of
        Executive’s employment, Executive shall be entitled to receive any Accrued
        Amounts, payable within thirty (30) days after the date of termination of
        employment or in accordance with the applicable plan, program or policy.
        In the
        event that the Executive dies before all payments pursuant to this Section
        9
        have been paid, all remaining payments shall be made to the beneficiary
        specifically designated by the Executive in writing prior to the Executive’s
        death, or, if no such beneficiary was designated (or the Company is unable
        in
        good faith to determine the beneficiary designated), to the Executive’s personal
        representative or estate.

       

      
        
          
          

        

        
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      10. SECTION
        4999 EXCISE TAX. The Company shall provide the Executive with a “Gross-Up
        Payment”, as defined in the Change in Control Agreement between the Company and
        the Executive effective as of January 1, 2007, in the event that any payment
        made under this Agreement is subject to excise tax under Section 4999 of
        the
        Code and the Change in Control Agreement does not apply to such
        payment.

       

      11. POST-EMPLOYMENT
        OBLIGATIONS

       

      (a) CONFIDENTIALITY.
        The Executive agrees that the Executive shall not, directly or indirectly,
        use,
        make available, sell, disclose or otherwise communicate to any person, other
        than in the course of the Executive’s employment and for the benefit of the
        Company, either during the period of the Executive’s employment or at any time
        thereafter, any nonpublic, proprietary or confidential information, knowledge
        or
        data relating to the Company, any of its subsidiaries, affiliated companies
        or
        businesses, which shall have been obtained by the Executive during the
        Executive’s employment by the Company. The foregoing shall not apply to
        information that (i) was known to the public prior to its disclosure to the
        Executive; (ii) becomes known to the public subsequent to disclosure to the
        Executive through no wrongful act of the Executive or any representative
        of the
        Executive; or (iii) the Executive is required to disclose by applicable law,
        regulation or legal process (provided that the Executive provides the Company
        with prior notice of the contemplated disclosure and reasonably cooperates
        with
        the Company at its expense in seeking a protective order or other appropriate
        protection of such information). Notwithstanding clauses (i) and (ii) of
        the
        preceding sentence, the Executive’s obligation to maintain such disclosed
        information in confidence shall not terminate where only portions of the
        information are in the public domain.

       

      (b) NON-SOLICITATION.
        In
        the
        event that the Executive receives severance benefits under Section 8(d) of
        this
        Agreement,
        the
        Executive agrees that for
        the
        two (2) year period following the date of termination,
        the
        Executive will not, directly or indirectly, individually or on behalf of
        any
        other person, firm, corporation or other entity, knowingly solicit, aid or
        induce any managerial level employee of the Company or any of its subsidiaries
        or affiliates to leave such employment in order to accept employment with
        or
        render services to or with any other person, firm, corporation or other entity
        unaffiliated with the Company or knowingly take any action to materially
        assist
        or aid any other person, firm, corporation or other entity in identifying
        or
        hiring any such employee (provided, that the foregoing shall not be violated
        by
        general advertising not targeted at Company employees nor by serving as a
        reference for an employee with regard to an entity with which the Executive
        is
        not affiliated).
        For the
        avoidance of doubt, if a managerial level employee on his or her own initiative
        contacts the Executive for the primary purpose of securing alternative
        employment, any action taken by the Executive thereafter shall not be deemed
        a
        breach of this Section 11(b).

       

      
        
          
          

        

        
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      (c) NON-COMPETITION.
        The Executive acknowledges that the Executive performs services of a unique
        nature for the Company that are irreplaceable, and that the Executive’s
        performance of such services to a competing business will result in irreparable
        harm to the Company. Accordingly, in the event that the Executive receives
        severance benefits under Section 8(d) of this Agreement, the Executive agrees
        that for a period of two (2) years following the date of termination, but
        not
        later than the Executive's Retirement Eligibility Date, the Executive will
        not,
        directly or indirectly, become connected with, promote the interest of, or
        engage in any other business or activity competing with the business of the
        Company within the geographical area in which the business of the Company
        is
        conducted.

       

      (d) NON-DISPARAGEMENT.
        Each of the Executive and the Company (for purposes hereof, “the Company” shall
        mean only (i) the Company by press release or otherwise and (ii) the executive
        officers and directors thereof and not any other employees) agrees not to
        make
        any public statements that disparage the other party, or in the case of the
        Company, its respective affiliates, officers, directors, products or services.
        Notwithstanding the foregoing, statements made in the course of sworn testimony
        in administrative, judicial or arbitral proceedings (including, without
        limitation, depositions in connection with such proceedings) or otherwise
        as
        required by law shall not be subject to this Section 11(d).

       

      (e) RETURN
        OF
        COMPANY PROPERTY AND RECORDS. The Executive agrees that upon termination
        of the
        Executive’s employment, for any cause whatsoever, the Executive will surrender
        to the Company in good condition (reasonable wear and tear excepted) all
        property and equipment belonging to the Company and all records kept by the
        Executive containing the names, addresses or any other information with regard
        to customers or customer contacts of the Company, or concerning any proprietary
        or confidential information of the Company or any operational, financial
        or
        other documents given to the Executive during the Executive’s employment with
        the Company.

       

      (f) COOPERATION.
        The Executive agrees that, following termination of the Executive’s employment
        for any reason, the Executive shall upon reasonable advance notice, and to
        the
        extent it does not interfere with previously scheduled travel plans and does
        not
        unreasonably interfere with other business activities or employment obligations,
        assist and cooperate with the Company with regard to any matter or project
        in
        which the Executive was involved during the Executive’s employment, including
        any litigation. The Company shall compensate the Executive for any lost wages
        (or,
        if
        the Executive is not then employed, provide reasonable compensation as
        determined by the Compensation Committee) and
        expenses
        associated with such cooperation and assistance.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      (g) ASSIGNMENT
        OF INVENTIONS. The Executive will promptly communicate and disclose in writing
        to the Company all inventions and developments including software, whether
        patentable or not, as well as patents and patent applications (hereinafter
        collectively called “Inventions”), made, conceived, developed, or purchased by
        the Executive, or under which the Executive acquires the right to grant licenses
        or to become licensed, alone or jointly with others, which have arisen or
        jointly with others, which have arisen or which arise out of the Executive’s
        employment with the Company, or relate to any matters directly pertaining
        to,
        the business of the Company or any of its subsidiaries. Included herein as
        if
        developed during the employment period is any specialized equipment and software
        developed for use in the business of the Company. All of the Executive’s right,
        title and interest in, to, and under all such Inventions, licenses, and right
        to
        grant licenses shall be the sole property of the Company. As to all such
        Inventions, the Executive will, upon request of the Company execute all
        documents which the Company deems necessary or proper to enable it to establish
        title to such Inventions or other rights, and to enable it to file and prosecute
        applications for letters patent of the United States and any foreign country;
        and do all things (including the giving of evidence in suits and other
        proceedings) which the Company deems necessary or proper to obtain, maintain,
        or
        assert patents for any and all such Inventions or to assert its rights in
        any
        Inventions not patented.

       

      (h) EQUITABLE
        RELIEF AND OTHER REMEDIES. The parties acknowledge and agree that the other
        party’s remedies at law for a breach or threatened breach of any of the
        provisions of this Section would be inadequate and, in recognition of this
        fact,
        the parties agree that, in the event of such a breach or threatened breach,
        in
        addition to any remedies at law, the other party, without posting any bond,
        shall be entitled to obtain equitable relief in the form of specific
        performance, temporary restraining order, a temporary or permanent injunction
        or
        any other equitable remedy which may then be available.

       

      (i) REFORMATION.
        If it is determined by a court of competent jurisdiction in any state that
        any
        restriction in this Section 11 is excessive in duration or scope or is
        unreasonable or unenforceable under the laws of that state, it is the intention
        of the parties that such restriction may be modified or amended by the court
        to
        render it enforceable to the maximum extent permitted by the law of that
        state.

       

      (j) SURVIVAL
        OF PROVISIONS. The obligations contained in this Section 11 shall survive
        the
        termination or expiration of the Executive’s employment with the Company and
        shall be fully enforceable thereafter.

       

      12. NO
        ASSIGNMENT.

       

      (a) This
        Agreement is personal to each of the parties hereto. Except as provided in
        Section 12(b) below, no party may assign or delegate any rights or obligations
        hereunder without first obtaining the written consent of the other party
        hereto.

       

      (b) The
        Company may assign this Agreement to any successor to all or substantially
        all
        of the business and/or assets of the Company provided the Company shall require
        such successor to expressly assume and agree in writing to perform this
        Agreement in the same manner and to the same extent that the Company would
        be
        required to perform it if no such succession had taken place and shall deliver
        a
        copy of such assignment to the Executive.

       

      13. NOTICE.
        For the purpose of this Agreement, notices and all other communications provided
        for in this Agreement shall be in writing and shall be deemed to have been
        duly
        given (a) on the date of delivery if delivered by hand, (b) on the date of
        transmission, if delivered by confirmed facsimile, (c) on the first business
        day
        following the date of deposit if delivered by guaranteed overnight delivery
        service, or (d) on the fourth business day following the date delivered or
        mailed by United States registered or certified mail, return receipt requested,
        postage prepaid, addressed as follows:

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      If
        to the
        Executive: at the address (or to the facsimile number) shown on the records
        of
        the Company

       

      If
        to the
        Company:

       

      Kaman
        Corporation

      1332
        Blue
        Hills Avenue, P.O. Box 1

      Bloomfield,
        CT 06002

      Attention:
        Candace A. Clark, Esq.

       

      Facsimile
        No.: 860 243-7397

       

      or
        to
        such other address as either party may have furnished to the other in writing
        in
        accordance herewith, except that notices of change of address shall be effective
        only upon receipt.

       

      14. SECTION
        HEADINGS; INCONSISTENCY. The section headings used in this Agreement are
        included solely for convenience and shall not affect, or be used in connection
        with, the interpretation of this Agreement. Except
        as
        provided in the last sentence of Section 15 hereof, if
        there is
        any inconsistency between this Agreement and any other agreement (including
        but
        not limited to any option, stock, long-term incentive or other equity award
        agreement), plan, program, policy or practice (collectively, “Other Provision”)
        of the Company the terms of this Agreement shall control over such Other
        Provision.

       

      15. PRIOR
        AGREEMENTS. This Agreement supersedes and replaces any and all prior employment
        agreements (collectively, the “Prior Agreements”) between the Company and the
        Executive. By signing this Agreement, the Executive acknowledges that the
        Prior
        Agreements are terminated and cancelled, and releases and discharges the
        Company
        from any and all obligations and liabilities heretofore or now existing under
        or
        by virtue of such Prior Agreements, it being the intention of the parties
        hereto
        that this Agreement effective immediately shall supersede and be in lieu
        of the
        Prior Agreements. It is specifically acknowledged by the Company that this
        Agreement does not supersede the Change in Control Agreement or any existing
        employee benefits as described in Section 6 above or otherwise provided by
        the
        Company or its affiliates.

       

      16. SEVERABILITY.
        The provisions of this Agreement shall be deemed severable and the invalidity
        of
        unenforceability of any provision shall not affect the validity or
        enforceability of the other provisions hereof.

       

      17. COUNTERPARTS.
        This Agreement may be executed in counterparts, each of which shall be deemed
        to
        be an original but all of which together will constitute one and the same
        instruments. One or more counterparts of this Agreement may be delivered
        by
        facsimile, with the intention that delivery by such means shall have the
        same
        effect as delivery of an original counterpart thereof.

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      18. ARBITRATION.
        Any dispute or controversy arising under or in connection with this Agreement,
        other than injunctive relief under Section 11(h) hereof or damages for breach
        of
        Section 11, shall be settled exclusively by arbitration, conducted before
        a
        single arbitrator in Hartford, Connecticut administered by the American
        Arbitration Association (“AAA”) in accordance with its Commercial Arbitration
        Rules then in effect. The single arbitrator shall be selected by the mutual
        agreement of the Company and the Executive, unless the parties are unable
        to
        agree to an arbitrator, in which case, the arbitrator will be selected under
        the
        procedures of the AAA. The arbitrator will have the authority to permit
        discovery and to follow the procedures that he/she determines to be appropriate.
        The arbitrator will have no power to award consequential (including lost
        profits), punitive or exemplary damages. The decision of the arbitrator will
        be
        final and binding upon the parties hereto. Judgment may be entered on the
        arbitrator’s award in any court having jurisdiction.

       

      19. MISCELLANEOUS.
        No provision of this Agreement may be modified, waived or discharged unless
        such
        waiver, modification or discharge is agreed to in writing and signed by the
        Executive and such officer or director as may be designated by the Board.
        No
        waiver by either party hereto at any time of any breach by the other party
        hereto of, or compliance with, any condition or provision of this Agreement
        to
        be performed by such other party shall be deemed a waiver of similar or
        dissimilar provisions or conditions at the same or at any prior or subsequent
        time. This Agreement together with all exhibits hereto sets forth the entire
        agreement of the parties hereto in respect of the subject matter contained
        herein. No agreements or representations, oral or otherwise, express or implied,
        with respect to the subject matter hereof have been made by either party
        which
        are not expressly set forth in this Agreement. The validity, interpretation,
        construction and performance of this Agreement shall be governed by the laws
        of
        the State of Connecticut without regard to its conflicts of law
        principles.

       

      20. PAYMENT
        OF COMPENSATION. The parties shall revisit this Agreement when the IRS issues
        final regulations under Section 409A of the Code for the sole purpose of
        determining whether any amendments are required in order to comply with such
        regulations. The parties shall promptly agree in good faith on appropriate
        provisions to avoid any material risk of noncompliance without materially
        changing the economic value (to the Executive) or the cost (to the Company)
        of
        this Agreement including, if necessary, the deferral of any amount payable
        hereunder upon separation from service to the first date such amount may
        be paid
        without incurring tax under Section 409A of the Code, in which case such
        payment
        shall bear interest at the applicable federal rate under Section 1274 of
        the
        Code. Notwithstanding the foregoing, the Company shall in no event be obligated
        to indemnify the Executive for any taxes or interest that may be assessed
        by the
        IRS pursuant to Section 409A of the Code.

       

      21. MITIGATION
        OF DAMAGES. In no event shall the Executive be obliged to seek other employment
        or take any other action by way of mitigation of the amounts payable to the
        Executive under any of the provisions of this Agreement, nor shall the amount
        of
        any payment hereunder be reduced by any compensation earned by the Executive
        as
        a result of employment by another employer, except as set forth in this
        Agreement.

       

      22. REPRESENTATIONS.
        The Executive represents and warrants to the Company that the Executive has
        the
        legal right to enter into this Agreement and to perform all of the obligations
        on the Executive’s part to be performed hereunder in accordance with its terms
        and that the Executive is not a party to any agreement or understanding,
        written
        or oral, which could prevent the Executive from entering into this Agreement
        or
        performing all of the Executive’s obligations hereunder.

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      23. WITHHOLDING.
        The Company may withhold from any and all amounts payable under this Agreement
        such federal, state and local taxes as may be required to be withheld pursuant
        to any applicable law or regulation.

       

      24. SURVIVAL.
        The respective obligations of, and benefits afforded to, the Company and
        Executive which by their express terms or clear intent survive termination
        of
        Executive’s employment with the Company, including, without limitation, the
        provisions of Sections 5 and 8 through 25, inclusive of this Agreement, will
        survive termination of Executive’s employment with the Company, and will remain
        in full force and effect according to their terms.

       

      25. AGREEMENT
        OF THE PARTIES. The language used in this Agreement will be deemed to be
        the
        language chosen by the parties hereto to express their mutual intent, and
        no
        rule of strict construction will be applied against any party hereto. Neither
        Executive nor the Company shall be entitled to any presumption in connection
        with any determination made hereunder in connection with any arbitration,
        judicial or administrative proceeding relating to or arising under this
        Agreement.

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Agreement.

       

      

        
          	
                   

                   

                	
                   

                   

                	
                   

                  KAMAN
                    CORPORATION

                
	 	 	 
	 	
                  By:  

                	
                  /s/ Paul
                    R. Kuhn

                
	 	 	
                  PAUL
                    R. KUHN

                
	 	
                  Its:

                	
                  PRESIDENT
                    AND CHIEF EXECUTIVE OFFICER

                
	 	 	 
	 	
                  Date:

                	
                  2/20/07

                
	 	 	 
	 	 	 
	 	 	 
	 	 	
                  RUSSELL
                    H. JONES

                
	 	 	 
	 	 	 
	 	
                  By:

                	
                  /s/
                    Russell H. Jones

                
	 	 	 
	 	 	 
	 	
                  Date:

                	
                  2/19/07

                
	 	 	 

        

        

      

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      APPENDIX
        A

       

      FORM
        OF RELEASE

       

      AGREEMENT
        AND GENERAL RELEASE

       

      Kaman
        Corporation, its affiliates, subsidiaries, divisions, successors and assigns
        in
        such capacity, and the current, future and former employees, officers,
        directors, trustees and agents thereof (collectively referred to throughout
        this
        Agreement as “Employer”), and Russell H. Jones (“Executive”), the Executive’s
        heirs, executors, administrators, successors and assigns (collectively referred
        to throughout this Agreement as “Employee”) agree:

       

      1. Last
        Day of Employment.
        Executive’s last day of employment with Employer is ______________. In addition,
        effective as of DATE, Executive resigns from the Executive’s positions as Senior
        Vice President, Chief Investment Officer, and Treasurer of Employer and will
        not
        be eligible for any benefits or compensation after ________, including payments
        under the Executive’s Change in Control Agreement, other than as specifically
        provided in Sections 6 and 8 of the Executive Employment Agreement between
        Employer and Executive effective as of January 1, 2007 (the “Employment
        Agreement”).
        Executive further acknowledges and agrees that, after DATE, the Executive
        will
        not represent the Executive as being a director, employee, officer, trustee,
        agent or representative of Employer for any purpose. In addition, effective
        as
        of DATE, Executive resigns from all offices, directorships, trusteeships,
        committee memberships and fiduciary capacities held with, or on behalf of,
        Employer or any benefit plans of Employer. These resignations will become
        irrevocable as set forth in Section 3 below.

       

      2. Consideration.
        The parties acknowledge that this Agreement and General Release is being
        executed in accordance with Section 9 of the Employment Agreement.

       

      3. Revocation.
        Executive may revoke this Agreement and General Release for a period of seven
        (7) calendar days following the day Executive executes this Agreement and
        General Release. Any revocation within this period must be submitted, in
        writing, to Employer and state, “I hereby revoke my acceptance of our Agreement
        and General Release.” The revocation must be personally delivered to Employer’s
        Chief Legal Officer, or his/her designee, or mailed to Kaman Corporation,
        1332
        Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002, Attention Candace Clark,
        and postmarked within seven (7) calendar days of execution of this Agreement
        and
        General Release. This Agreement and General Release shall not become effective
        or enforceable until the revocation period has expired. If the last day of
        the
        revocation period is a Saturday, Sunday, or legal holiday in Hartford,
        Connecticut, then the revocation period shall not expire until the next
        following day which is not a Saturday, Sunday, or legal holiday.

       

      4. General
        Release of Claim. Subject to the full satisfaction by the Employer of its
        obligations under the Employment Agreement, Employee knowingly and voluntarily
        releases and forever discharges Employer from any and all claims, causes
        of
        action, demands, fees and liabilities of any kind whatsoever, whether known
        and
        unknown, against Employer, Employee has, has ever had or may have as of the
        date
        of execution of this Agreement and General Release, including, but not limited
        to, any alleged violation of:

      
 

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

      - Title
        VII
        of the Civil Rights Act of 1964, as amended;

       

      - The
        Civil
        Rights Act of 1991;

       

      - Sections
        1981 through 1988 of Title 42 of the United States Code, as
        amended;

       

      - The
        Employee Retirement Income Security Act of 1974, as amended;

       

      - The
        Immigration Reform and Control Act, as amended;

       

      - The
        Americans with Disabilities Act of 1990, as amended;

       

      - The
        Age
        Discrimination in Employment Act of 1967, as amended;

       

      - The
        Older
        Workers Benefit Protection Act of 1990;

       

      - The
        Worker Adjustment and Retraining Notification Act, as amended;

       

      - The
        Occupational Safety and Health Act, as amended;

       

      - The
        Family and Medical Leave Act of 1993;

       

      
        
          -
            Any
            wage
            payment and collection, equal pay and other similar laws, acts and statutes
            of
            the State of Connecticut;

        

      

       

      
        
          -
            Any
            other
            federal, state or local civil or human rights law or any other local,
            state or
            federal law, regulation or ordinance; 

        

      

       

      
        
          -
            Any
            public policy, contract, tort, or common law; or

        

      

       

      
        
          -
            Any
            allegation for costs, fees, or other expenses including attorneys fees
            incurred
            in these matters.

        

      

       

      Notwithstanding
        anything herein to the contrary, the sole matters to which the Agreement
        and
        General Release do not apply are: (i) Employee’s express rights under any
        pension (including but not limited to any rights under the Kaman Corporation
        Supplemental Retirement Plan) or claims for accrued vested benefits under
        any
        other employee benefit plan, policy or arrangement maintained by Employer
        or
        under COBRA and other Accrued Amounts (as such term is defined in the Employment
        Agreement); (ii) Employee’s rights under the provisions of the Employment
        Agreement which are intended to survive termination of employment; or (iii)
        Employee’s rights as a stockholder.

       

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

      5. No
        Claims
        Permitted. Employee waives Executive’s right to file any charge or complaint
        against Employer arising out of Executive’s employment with or separation from
        Employer before any federal, state or local court or any state or local
        administrative agency, except where such waivers are prohibited by
        law.

       

      6. Affirmations.
        Employee affirms Executive has not filed, has not caused to be filed, and
        is not
        presently a party to, any claim, complaint, or action against Employer in
        any
        forum. Employee further affirms that the Executive has been paid and/or has
        received all compensation, wages, bonuses, commissions, and/or benefits to
        which
        Executive may be entitled and no other compensation, wages, bonuses, commissions
        and/or benefits are due to Executive, except as provided in Sections 6 and
        8 of
        the Employment Agreement. Employee also affirms Executive has no known workplace
        injuries.

       

      7. Cooperation;
        Return of Property. In
        accordance with Section 11(f) of the Employment Agreement, Employee
        agrees to reasonably cooperate with Employer and its counsel in connection
        with
        any investigation, administrative proceeding or litigation relating to any
        matter that occurred during Executive’s employment in which Executive was
        involved or of which Executive has knowledge and Employer will reimburse
        the
        Employee for any reasonable out-of-pocket travel, delivery or similar expenses
        incurred and
        lost
        wages (or will provide reasonable compensation if Executive is not then
        employed) in
        providing such service to Employer. Employee represents that Executive has
        complied with Section 11(e) of the Employee Agreement regarding the return
        of
        property.

       

      8. Governing
        Law and Interpretation. This Agreement and General Release shall be governed
        and
        conformed in accordance with the laws of the State of Connecticut without
        regard
        to its conflict of laws provisions. In the event Employee or Employer breaches
        any provision of this Agreement and General Release, Employee and Employer
        affirm either may institute an action to specifically enforce any term or
        terms
        of this Agreement and General Release. Should any provision of this Agreement
        and General Release be declared illegal or unenforceable by any court of
        competent jurisdiction and should the provision be incapable of being modified
        to be enforceable, such provision shall immediately become null and void,
        leaving the remainder of this Agreement and General Release in full force
        and
        effect. Nothing herein, however, shall operate to void or nullify any general
        release language contained in the Agreement and General Release. 

       

      9. No
        Admission of Wrongdoing. Employee agrees neither this Agreement and General
        Release nor the furnishing of the consideration for this Release shall be
        deemed
        or construed at any time for any purpose as an admission by Employer of any
        liability or unlawful conduct of any kind.

       

      10. Amendment.
        This Agreement and General Release may not be modified, altered or changed
        except upon express written consent of both parties wherein specific reference
        is made to this Agreement and General Release.

       

      11. Entire
        Agreement. This Agreement and General Release sets forth the entire agreement
        between the parties hereto and fully supersedes any prior agreements or
        understandings between the parties; provided, however, that notwithstanding
        anything in this Agreement and General Release, the provisions in the Employment
        Agreement which are intended to survive termination of the Employment Agreement,
        including but not limited to those contained in Section 11 thereof, shall
        survive and continue in full force and effect. Employee acknowledges Executive
        has not relied on any representations, promises, or agreements of any kind
        made
        to Executive in connection with Executive’s decision to accept this Agreement
        and General Release.

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

       

      EMPLOYEE
        HAS BEEN ADVISED THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO
        REVIEW THIS AGREEMENT AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING
        TO
        CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL
        RELEASE. 

       

      EMPLOYEE
        AGREES ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
        GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE
        (21) CALENDAR DAY CONSIDERATION PERIOD. 

       

      HAVING
        ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
        SET FORTH HEREIN, AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE
        EMPLOYMENT AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE
        CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO
        WAIVE, SETTLE AND RELEASE ALL CLAIMS EXECUTIVE HAS OR MIGHT HAVE AGAINST
        EMPLOYER.

       

      IN
        WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
        Agreement and General Release as of the date set forth below:

       

      
        	
                 

                 

              	
                 

                 

              	
                 

                KAMAN
                  CORPORATION

              
	 	 	 
	 	
                By:  

              	 
	 	
                 

                Name:

              	
                 

                [NAME]

              
	 	
                Title:

              	 
	 	
                Date:

              	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
                RUSSELL
                  H. JONES

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                Date:

              	 
	 	 	 

      

      
 

      
        
          
          

        

        
          19Exhibit 10g(xvii) Amended and Restated Change in Control Agreement between
      Russell H. Jones and Kaman Corporation

    
      

    

    Exhibit 10g(xvii)

     

    

      

       

      KAMAN
        CORPORATION 

      AMENDED
        AND RESTATED

      CHANGE
        IN CONTROL AGREEMENT

       

      

      THIS
        AGREEMENT, is made effective as of January 1, 2007 (the
        “Effective Date”), by and between Kaman Corporation, a Connecticut corporation
        (the “Company”), and Russell H. Jones (the “Executive”).

      

      WHEREAS,
        the Company and the Executive are parties to the Kaman Corporation Change
        in
        Control Agreement dated as of November 11, 2003 (the "Prior Agreement");
        and

       

      WHEREAS,
        the Company and the Executive have agreed to replace and supersede the Prior
        Agreement as set forth below.

      

      NOW,
        THEREFORE, in consideration of the premises and the mutual covenants herein
        contained, the Company and the Executive hereby agree as follows: 

      

      1.  Defined
        Terms.
        Definitions of capitalized terms used in this Agreement are provided in the
        last
        Section of this Agreement. 

       

      2.  Term.
        This
        Agreement shall terminate on the fifth anniversary of the Effective Date.
        The
        term of this Agreement shall be automatically extended thereafter for successive
        one (1) year periods unless, at least ninety (90) days prior to the end of
        the
        fourth anniversary of the Effective Date or the then current succeeding one-year
        extended term of this Agreement, the Company or Executive has notified the
        other
        that the term hereunder shall expire at the end of the then-current term.
        Notwithstanding any such notice, the term of this Agreement shall not expire
        before the second anniversary of a Change in Control that occurs within the
        term
        of this Agreement. The initial term of this Agreement, as it may be extended
        under this Section 2, is herein referred to as the "Term."

       

      3.  Company’s
        Covenants Summarized.
        In
        order to induce the Executive to remain in the employ of the Company and
        in
        consideration of the Executive’s continued employment, the Company agrees, under
        the conditions described herein, to pay the Executive the Severance Payments
        and
        the other payments and benefits described in this Agreement. Except as provided
        in Sections 5.1 and 8.1 of this Agreement, no Severance Payments (as defined
        in
        Section 5) shall be payable under this Agreement unless there shall have
        been a
        termination of the Executive’s employment with the Company following a Change in
        Control. This Agreement shall not be construed as creating an express or
        implied
        contract of employment and, except as otherwise agreed in writing between
        the
        Executive and the Company, the Executive shall not have any right to be retained
        in the employ of the Company.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      4.  Compensation
        Other Than Severance Payments.

       

      4.1 If
        the
        Executive’s employment shall be terminated for any reason following a Change in
        Control, the Company shall pay the Executive’s full salary to the Executive
        through the Date of Termination at the rate in effect immediately prior to
        the
        Date of Termination or, if Section 18(n)(II) is applicable as an event or
        circumstance constituting Good Reason, the rate in effect immediately prior
        to
        such event or circumstance, together with all compensation and benefits payable
        to the Executive through the Date of Termination under the terms of the
        Company’s compensation and benefit plans, programs or arrangements as in effect
        immediately prior to the Date of Termination (or, if more favorable to the
        Executive, as in effect immediately prior to the first occurrence of an event
        or
        circumstance constituting Good Reason). In addition, if the Executive’s
        employment is terminated for any reason following a Change in Control other
        than
        (a) by the Company for Cause and (b) by the Executive without Good Reason,
        then
        the Company shall pay a pro-rata portion of the Executive’s annual bonus for the
        performance year in which such termination occurs to the Executive at the
        time
        that annual bonuses are paid to other senior executives. This pro-rata bonus
        shall be determined by multiplying the amount the Executive would have received
        based upon actual financial performance through such termination, as reasonably
        determined by the Company, by a fraction, the numerator of which is the number
        of days during such performance year that the Executive is employed by the
        Company and the denominator of which is 365.

       

      4.2 If
        the
        Executive’s employment shall be terminated for any reason following a Change in
        Control, the Company shall pay to the Executive the Executive’s normal
        post-termination compensation and benefits as such payments become due. Such
        post-termination compensation and benefits shall be determined under, and
        paid
        in accordance with, the Company’s retirement, insurance and other compensation
        or benefit plans, programs and arrangements as in effect immediately prior
        to
        the Date of Termination or, if more favorable to the Executive, as in effect
        immediately prior to the occurrence of the first event or circumstance
        constituting Good Reason.

      

      5.  Severance
        Payments.

       

      5.1 If
        the
        Executive’s employment is terminated during the twenty-four (24) month period
        immediately following a Change in Control, other than (A) by the Company
        for
        Cause, (B) by reason of death or Disability, or (C) by the Executive without
        Good Reason, then the Company shall pay the Executive the amounts, and provide
        the Executive the benefits described in this Section 5 (collectively, the
        “Severance Payments”) in addition to any payments and benefits to which the
        Executive is entitled under Section 4 of this Agreement. The Executive shall
        also be entitled to Severance Payments under this Agreement if the Executive’s
        employment is terminated without Cause by the Company or by the Executive
        for
        Good Reason at any time beginning on the first day of the 90 day period
        immediately prior to the execution of a definitive purchase and sale agreement
        that results in such Change in Control and the closing of such Change in
        Control.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      	(a)  	
              In
                lieu of any further salary payments to the Executive for periods
                subsequent to the Date of Termination and in lieu of any severance
                benefit
                payable to the Executive under the Executive’s Employment Agreement with
                the Company or otherwise, the Company shall pay to the Executive
                a lump
                sum severance payment, in cash, equal to the sum of (i) two (2) times
                the
                Executive’s base salary as in effect immediately prior to the Date of
                Termination or, if Section 18(n)(II) is applicable as an event or
                circumstance constituting Good Reason, the rate in effect immediately
                prior to such event or circumstance, and (ii) two (2) times the last
                annual bonus paid or awarded (to the extent not yet paid) to the
                Executive
                in the previous three years (if any) immediately preceding the Date
                of
                Termination, pursuant to any annual bonus or incentive plan maintained
                by
                the Company. 

            

      

      	(b)  	
              For
                the twenty-four (24) month period immediately following the Date
                of
                Termination, the Company shall arrange to provide the Executive and
                his
                dependents medical, dental, and accidental death and disability benefits
                substantially similar to those provided to the Executive and his
                dependents immediately prior to the Date of Termination or, if more
                favorable to the Executive, those provided to the Executive and his
                dependents immediately prior to the first occurrence of an event
                or
                circumstance constituting Good Reason, at no greater cost to the
                Executive
                than the cost to the Executive immediately prior to such date or
                occurrence. Benefits otherwise receivable by the Executive pursuant
                to
                this Section 5.1(b) shall be reduced to the extent benefits of the
                same
                type are received by or made available by a subsequent employer to
                the
                Executive during the twenty-four (24) month period following the
                Date of
                Termination (and any such benefits received by or made available
                to the
                Executive shall be reported to the Company by the Executive); provided,
                however, that the Company shall reimburse the Executive for the excess,
                if
                any, of the cost of such benefits to the Executive over such cost
                immediately prior to the Date of Termination or, if more favorable
                to the
                Executive, the first occurrence of an event or circumstance constituting
                Good Reason.

            

      

      	(c)  	
              Notwithstanding
                any provision to the contrary in any plan or agreement maintained
                by or
                through the Company pursuant to which the Executive has been granted
                restricted stock, stock options, stock appreciation rights or long-term
                performance awards, effective on the Date of Termination, (i) all
                service
                and performance based restrictions with respect to any restricted
                stock
                shall lapse, (ii) all stock appreciation rights and stock options
                shall be
                deemed fully vested and then canceled in exchange for a cash payment
                equal
                to the excess of the fair market value of the shares of Company stock
                subject to the stock appreciation right or stock option on the date
                of the
                Change in Control, over the exercise price(s) of such stock appreciation
                rights or stock options, and (iii) all long-term performance awards
                shall
                be deemed fully vested and fully earned and then shall be canceled
                in
                exchange for a cash payment equal to 100% of the target value of
                each such
                award. 

            

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      	(d)  	
              In
                addition to the retirement benefits to which the Executive is entitled
                under any tax-qualified, supplemental or excess benefit pension plan
                maintained by the Company and any other plan or agreement entered
                into
                between the Executive and the Company which is designed to provide
                the
                Executive supplemental retirement benefits (the “Pension Plans”) or any
                successor plan thereto, effective upon the Date of Termination, the
                Executive shall be credited with an additional two years of “Credited
                Service” and “Continuous Service” (as defined in the Kaman Corporation
                Amended and Restated Employees’ Pension Plan) when calculating the
                Executive’s benefit under Kaman Corporation Supplemental Employees
                Retirement Plan (“SERP”). For avoidance of doubt, the Severance Payments
                payable under this Agreement shall be disregarded when determining
                the
                Executive's Final Average Salary (as defined under the Kaman Corporation
                Amended and Restated Employees' Pension Plan) for purposes of calculating
                the benefits payable under the SERP or this Section
                5.1(d).

            

      

      	(e)  	
              If
                the Executive would have become entitled to benefits under the Company’s
                post-retirement health care plans, as in effect immediately prior
                to the
                Date of Termination or, if more favorable to the Executive, as in
                effect
                immediately prior to the first occurrence of an event or circumstance
                constituting Good Reason, had the Executive’s employment terminated at any
                time during the period of twenty-four (24) months after the Date
                of
                Termination, the Company shall provide such post-retirement health
                care
                benefits to the Executive and the Executive’s dependents commencing on the
                later of (i) the date on which such coverage would have first become
                available and (ii) the date on which benefits described in Section
                5.1 (b)
                terminate.

            

      

      	(f)  	
              The
                Company (i) shall establish an irrevocable grantor trust holding
                an amount
                of assets sufficient to pay all remaining premiums (which trust shall
                be
                required to pay such premiums), under any insurance policy maintained
                by
                the Company insuring the life of the Executive, that is in effect
                and (ii)
                shall transfer to the Executive any and all rights and incidents
                of
                ownership in such arrangements at no cost to the
                Executive.

            

      

      	(g)  	
              The
                Company shall provide the Executive with reimbursement for up to
                Thirty
                Thousand Dollars ($30,000) in the aggregate for outplacement services,
                relocation costs, or both provided however that reimbursement shall
                only
                be provided until the earlier of the first anniversary of the Date
                of
                Termination or the Executive’s first day of employment with a new
                employer.

            

      

      	(h)  	
              The
                Company shall provide the Executive with his Company automobile.
                The book
                value then attributed to it by the leasing company will be considered
                “fringe benefit” income and that amount will be subject to tax during the
                calendar year in which the Date of Termination occurs.
                

            

       

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

         

        5.2 Section
          4999 Excise Tax.

      

       

      	(a)  	
              If
                any
                payments,
                rights
                or
                benefits (whether
                pursuant to the terms of this Agreement or
                any other plan, arrangement or agreement of
                Executive with
                the Company
                or
                with any person
                affiliated with the Company and
                whether or not the Executive’s employment has then terminated (the
                “Payments”)) received or to be received by Executive will be subject to
                the tax (the “Excise Tax”) imposed by Section 4999 of the Code (or any
                similar tax that may hereafter be imposed), then, except as set forth
                in
                Section 5.2(b) below,
                the Company shall pay to Executive
                an amount in addition to the Payments (the “Gross-Up Payment”) as
                calculated below. The Gross-Up Payment shall be in an amount such
                that,
                after deduction of any Excise Tax on the Payments
                and any federal, state and local income and employment tax and Excise
                Tax
                on the Gross-Up Payment, but before deduction for any federal, state
                or
                local income and employment tax on the Payments,
                the net amount retained by the Executive
                shall be equal to the Payments.

            

       

      	(b)  	
              Notwithstanding
                anything in this Agreement to the contrary, if the amount of Payments
                that
                will be subject
                to
                the Excise Tax does not exceed the amount of Payments that Executive
                could
                receive without having any Payments become subject to the Excise
                Tax by at
                least $100,000, then
                Executive’s taxable cash-based benefits under this Agreement will first be
                reduced in the order selected by Executive, and then, if necessary,
                Executive’s equity-based compensation (based on the value of such
                equity-based compensation as a “parachute payment” as defined in Treasury
                Regulations promulgated under Section 280G of the Code and IRS revenue
                rulings, revenue procedures and other official guidance) shall be
                reduced
                in the order selected by Executive, and then any other Payments shall
                be
                reduced as reasonably determined by the Company, to the extent necessary
                to avoid imposition of the Excise Tax. If Executive does not select
                the
                amount to be reduced within the time prescribed by the Company, the
                reductions specified herein shall be made by the Company in its sole
                discretion from such compensation as it shall determine. Any amount
                so
                reduced shall be irrevocably forfeited and Executive shall have no
                further
                rights to receive it. 

            

       

      	(c)  	
              The
                process for calculating the Excise Tax, determining the amount of
                any
                Gross-Up Payment and other procedures relating to this Section 5.2
                are set
                forth in Appendix A attached hereto. For purposes of making the
                determinations and calculations required herein, the Consultant may
                rely
                on reasonable, good faith interpretations concerning the application
                of
                Section 280G and 4999 of the Code, provided that the Consultant shall
                make
                such determinations and calculations on the basis of “substantial
                authority” (within
                the meaning of Section 6662
                of the Code) and shall provide opinions to that effect to both the
                Company
                and Executive.

            

       

      5.3 The
        Company also shall reimburse the Executive for legal fees and expenses incurred
        by the Executive in disputing in good faith any issue hereunder relating
        to the
        termination of the Executive’s employment or in seeking in good faith to obtain
        or enforce any benefit or right provided by this Agreement. Such payments
        shall
        be made within ten (10) business days after delivery of the Executive’s written
        request for payment accompanied with such evidence of fees and expenses incurred
        as the Company reasonably may require.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      
5.4 The
        payments provided in subsections (a) and (c) of Section 5.1 shall be made
        on the
        last day of the Executive’s employment. The payments provided in Section 5.2 of
        this Agreement, if any, as determined under Appendix A, shall be paid on
        the
        Executive’s behalf to the applicable taxing authorities within five (5) days of
        the receipt of the Consultant’s determination of the Gross-Up Payment. If
        payments are not made in the time frame required by this subsection, interest
        on
        the unpaid amounts will accrue at 120% of the rate provided in Section
        1274(b)(2)(B) of the Code until the date such payments are actually made.
        At the
        time that payments are made under this Agreement, the Company shall provide
        the
        Executive with a written statement setting forth the manner in which such
        payments were calculated and the basis for such calculations including, without
        limitation, any opinions or other advice the Company has received from the
        Consultant or other advisors (and any such opinions or advice which are in
        writing shall be attached to the statement).

       

      5.5 Coordination
        with Employment Agreement.

      

      Severance
        Payments made under this Section 5 shall be in lieu of any severance benefit
        payable to the Executive under the Executive’s Employment Agreement with the
        Company or otherwise.

       

      6.  Termination
        Procedures and Compensation During Dispute.

       

      6.1 Notice
        of Termination.
        After a
        Change in Control, any purported termination of the Executive’s employment
        (other than by reason of death) shall be communicated by written Notice of
        Termination from one party hereto to the other party hereto in accordance
        with
        Section 9 of this Agreement. For purposes of this Agreement, a “Notice of
        Termination” shall mean a notice which shall indicate the specific termination
        provision in this Agreement relied upon and shall set forth in reasonable
        detail
        the facts and circumstances claimed to provide a basis for termination of
        the
        Executive’s employment under the provision so indicated. Further, a Notice of
        Termination for Cause is required to include a copy of a resolution duly
        adopted
        by the affirmative vote of not less than three-quarters (3/4) of the entire
        membership of the Board at a meeting of the Board which was called and held
        for
        the purpose of considering such termination (after reasonable notice to the
        Executive and an opportunity for the Executive, together with the Executive’s
        counsel, to be heard before the Board) finding that, in the good faith opinion
        of the Board, the Executive was guilty of conduct set forth in clause (i)
        or
        (ii) of the definition of Cause herein, and specifying the particulars thereof
        in detail.

      

      6.2 Date
        of Termination.
“Date
        of Termination,” with respect to any purported termination of the Executive’s
        employment after a Change in Control, shall mean (i) if the Executive’s
        employment is terminated for Disability, thirty (30) days after Notice of
        Termination is given (provided that the Executive shall not have returned
        to the
        full-time performance of the Executive’s duties during such thirty (30) day
        period), and (ii) if the Executive’s employment is terminated for any other
        reason, the date specified in the Notice of Termination (which, in the case
        of a
        termination by the Company, shall not be less than thirty (30) days (except
        in
        the case of a termination for Cause) and, in the case of a termination by
        the
        Executive, shall not be less than fifteen (15) days nor more than sixty (60)
        days, respectively, from the date such Notice of Termination is
        given).

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      6.3 Dispute
        Concerning Termination.
        If
        within fifteen (15) days after any Notice of Termination is given, or, if
        later,
        prior to the Date of Termination (as determined without regard to this Section
        6.3), the party receiving such Notice of Termination notifies the other party
        that a dispute exists concerning the termination, the Date of Termination
        shall
        be extended until the date on which the dispute is finally resolved, either
        by
        mutual written agreement of the parties or by a final judgment, order or
        decree
        of an arbitrator or a court of competent jurisdiction (which is not appealable
        or with respect to which the time for appeal therefrom has expired and no
        appeal
        has been perfected); provided, however, that the Date of Termination shall
        be
        extended by a notice of dispute given by the Executive only if such notice
        is
        given in good faith and the Executive pursues the resolution of such dispute
        with reasonable diligence.

       

      6.4 Compensation
        During Dispute.
        If a
        purported termination occurs following a Change in Control and the Date of
        Termination is extended in accordance with Section 6.3 of this Agreement,
        the
        Company shall continue to pay the Executive the full compensation in effect
        when
        the notice giving rise to the dispute was given (including, but not limited
        to,
        salary) and continue the Executive as a participant in all compensation,
        benefit
        and insurance plans in which the Executive was participating when the notice
        giving rise to the dispute was given, until the Date of Termination, as
        determined in accordance with Section 6.3 of this Agreement. Amounts paid
        under
        this Section 6.4 are in addition to all other amounts due under this Agreement
        (other than those due under Section 4.1 of this Agreement) and shall not
        be
        offset against or reduce any other amounts due under this Agreement.
        Notwithstanding anything to the contrary in Section 6.3 and 6.4, if the Company,
        after delivery of a Notice of Termination, promptly (and in any event within
        30
        days) determines that grounds existed prior to the delivery of the Notice
        of
        Termination to terminate the Executive’s employment for Cause after complying
        with the procedural requirements of this Agreement, the Company shall have
        the
        right to recover any payments that have been made to the Executive or on
        the
        Executive’s behalf under this Agreement including but not limited to offset
        against or reduction of any amounts due under this Agreement or
        otherwise.

      

      7.  No
        Mitigation.
        The
        Company agrees that under this Agreement, if the Executive’s employment with the
        Company terminates, the Executive is not required to seek other employment
        or to
        attempt in any way to reduce any amounts payable to the Executive by the
        Company
        pursuant to Section 5 of this Agreement or Section 6.4 of this Agreement.
        Further, the amount of any payment or benefit provided for in this Agreement
        (other than as specifically provided in Section 5.1(b) of this Agreement)
        shall
        not be reduced by any compensation earned by the Executive as the result
        of
        employment by another employer, by retirement benefits, by offset against
        any
        amount claimed to be owed by the Executive to the Company, or otherwise.
        

       

      8.  Successors;
        Binding Agreement.

       

      8.1 In
        addition to any obligations imposed by law upon any successor to the Company,
        the Company will require any successor (whether direct or indirect, by purchase,
        merger, consolidation or otherwise) to all or substantially all of the business
        and/or assets of the Company to expressly assume and agree to perform this
        Agreement in accordance with its terms. Failure of the Company to obtain
        such
        agreement prior to the effectiveness of any such succession shall be a breach
        of
        this Agreement and shall entitle the Executive to compensation from the Company
        in the same amount and on the same terms as the Executive would be entitled
        to
        hereunder if the Executive were to terminate the Executive’s employment for Good
        Reason after a Change in Control, except that, for purposes of implementing
        the
        foregoing, the date on which any such succession becomes effective shall
        be
        deemed the Date of Termination.

      

      8.2 This
        Agreement shall inure to the benefit of and be enforceable by the Executive’s
        personal or legal representatives, executors, administrators, successors,
        heirs,
        distributees, devisees and legatees. If the Executive shall die while any
        amount
        would still be payable to the Executive hereunder (other than amounts which,
        by
        their terms, terminate upon the death of the Executive) if the Executive
        had
        continued to live, all such amounts, unless otherwise provided herein, shall
        be
        paid in accordance with the terms of this Agreement to the executors, personal
        representatives or administrators of the Executive’s estate.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      9.  Notice.
        For the
        purpose of this Agreement, notices and all other communications provided
        for in
        this Agreement shall be in writing and shall be deemed to have been duly
        given
        (a) on the date of delivery if delivered by hand, (b) on the date of
        transmission, if delivered by confirmed facsimile, (c) on the first business
        day
        following the date of deposit if delivered by guaranteed overnight delivery
        service, or (d) on the fourth business day following the date delivered or
        mailed by United States registered or certified mail, return receipt requested,
        postage prepaid, addressed as follows:

       

      If
        to the
        Executive: at the address (or to the facsimile number) shown on the records
        of
        the Company

      

      If
        to the
        Company:

      

      Kaman
        Corporation 

      1332
        Blue
        Hills Avenue, P.O. Box 1

      Bloomfield,
        CT 06002

      Attention:
        Candace A. Clark, Esq.

      

      Facsimile
        No.: 860 243-7397

      

      or
        to
        such other address as either party may have furnished to the other in writing
        in
        accordance herewith, except that notices of change of address shall be effective
        only upon receipt.

      

      10.  Obligations
        after the Date of Termination.

       

      	(a)  	
              Confidentiality.
                The Executive agrees that the Executive shall not, directly or indirectly,
                use, make available, sell, disclose or otherwise communicate to any
                person, other than in the course of the Executive’s employment and for the
                benefit of the Company, at any time following the Date of Termination,
                any
                nonpublic, proprietary or confidential information, knowledge or
                data
                relating to the Company, any of its subsidiaries, affiliated companies
                or
                businesses, which shall have been obtained by the Executive during
                the
                Executive’s employment by the Company. The foregoing shall not apply to
                information that (i) was known to the public prior to its disclosure
                to
                the Executive; (ii) becomes known to the public subsequent to disclosure
                to the Executive through no wrongful act of the Executive or any
                representative of the Executive; or (iii) the Executive is required
                to
                disclose by applicable law, regulation or legal process (provided
                that the
                Executive provides the Company with prior notice of the contemplated
                disclosure and reasonably cooperates with the Company at its expense
                in
                seeking a protective order or other appropriate protection of such
                information). Notwithstanding clauses (i) and (ii) of the preceding
                sentence, the Executive’s obligation to maintain such disclosed
                information in confidence shall not terminate where only portions
                of the
                information are in the public domain.

            

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      	(b)  	
              Non-Solicitation.
                In the event that the Executive receives Severance Payments under
                Section
                5 of this Agreement, the Executive agrees that for the two (2) year
                period
                following the Date of Termination, the Executive will not, directly
                or
                indirectly, individually or on behalf of any other person, firm,
                corporation or other entity, knowingly solicit, aid or induce any
                managerial level employee of the Company or any of its subsidiaries
                or
                affiliates to leave such employment in order to accept employment
                with or
                render services to or with any other person, firm, corporation or
                other
                entity unaffiliated with the Company or knowingly take any action
                to
                materially assist or aid any other person, firm, corporation or other
                entity in identifying or hiring any such employee (provided, that
                the
                foregoing shall not be violated by general advertising not targeted
                at
                Company employees nor by serving as a reference for an employee with
                regard to an entity with which the Executive is not affiliated).
                For the
                avoidance of doubt, if a managerial level employee on his or her
                own
                initiative contacts the Executive for the primary purpose of securing
                alternative employment, any action taken by the Executive thereafter
                shall
                not be deemed a breach of this Section
                10(b).

            

       

      	(c)  	
              Non-Competition.
                The
                Executive acknowledges that the Executive performs services of a
                unique
                nature for the Company that are irreplaceable, and that the Executive’s
                performance of such services to a competing business will result
                in
                irreparable harm to the Company. Accordingly, in the event that the
                Executive receives Severance Payments described in Section 5 of this
                Agreement, the Executive agrees that for a period of two (2) years
                following the Date of Termination, the Executive will not, directly
                or
                indirectly, become connected with, promote the interest of, or engage
                in
                any other business or activity competing with the business of the
                Company
                within the geographical area in which the business of the Company
                is
                conducted.

            

       

      	(d)  	
              Non-Disparagement.
                Each
                of the Executive and the Company (for purposes hereof, “the Company” shall
                mean only (i) the Company by press release or otherwise and (ii)
                the
                executive officers and directors thereof and not any other employees)
                agrees not to make any public statements that disparage the other
                party,
                or in the case of the Company, its respective affiliates, officers,
                directors, products or services. Notwithstanding the foregoing, statements
                made in the course of sworn testimony in administrative, judicial
                or
                arbitral proceedings (including, without limitation, depositions
                in
                connection with such proceedings) or otherwise as required by law
                shall
                not be subject to this Section 10(d).

            

       

      	(e)  	
              Return
                of Company Property and Records.
                The Executive agrees that upon termination of the Executive’s employment,
                for any cause whatsoever, the Executive will surrender to the Company
                in
                good condition (reasonable wear and tear excepted) all property and
                equipment belonging to the Company and all records kept by the Executive
                containing the names, addresses or any other information with regard
                to
                customers or customer contacts of the Company, or concerning any
                proprietary or confidential information of the Company or any operational,
                financial or other documents given to the Executive during the Executive’s
                employment with the Company.

            

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      	(f)  	
              Cooperation.
                The Executive agrees that, following termination of the Executive’s
                employment for any reason, the Executive shall upon reasonable advance
                notice, and to the extent it does not interfere with previously scheduled
                travel plans and does not unreasonably interfere with other business
                activities or employment obligations, assist and cooperate with the
                Company with regard to any matter or project in which the Executive
                was
                involved during the Executive’s employment, including any litigation. The
                Company shall compensate the Executive for any lost wages (or, if
                the
                Executive is not then employed, provide reasonable compensation as
                determined by the Compensation Committee) and expenses associated
                with
                such cooperation and assistance.

            

       

      	(g)  	
              Assignment
                of Inventions.
                The Executive will promptly communicate and disclose in writing to
                the
                Company all inventions and developments including software, whether
                patentable or not, as well as patents and patent applications (hereinafter
                collectively called “Inventions”), made, conceived, developed, or
                purchased by the Executive, or under which the Executive acquires
                the
                right to grant licenses or to become licensed, alone or jointly with
                others, which have arisen or jointly with others, which have arisen
                or
                which arise out of the Executive’s employment with the Company, or relate
                to any matters directly pertaining to the business of the Company
                or any
                of its subsidiaries. Included herein as if developed during the employment
                period is any specialized equipment and software developed for use
                in the
                business of the Company. All of the Executive’s right, title and interest
                in, to, and under all such Inventions, licenses, and right to grant
                licenses shall be the sole property of the Company. As to all such
                Inventions, the Executive will, upon request of the Company execute
                all
                documents which the Company deems necessary or proper to enable it
                to
                establish title to such Inventions or other rights, and to enable
                it to
                file and prosecute applications for letters patent of the United
                States
                and any foreign country; and do all things (including the giving
                of
                evidence in suits and other proceedings) which the Company deems
                necessary
                or proper to obtain, maintain, or assert patents for any and all
                such
                Inventions or to assert its rights in any Inventions not
                patented.

            

       

      	(h)  	
              Equitable
                Relief and Other Remedies.
                The parties acknowledge and agree that the other party’s remedies at law
                for a breach or threatened breach of any of the provisions of this
                Section
                would be inadequate and, in recognition of this fact, the parties
                agree
                that, in the event of such a breach or threatened breach, in addition
                to
                any remedies at law, the other party, without posting any bond, shall
                be
                entitled to obtain equitable relief in the form of specific performance,
                temporary restraining order, a temporary or permanent injunction
                or any
                other equitable remedy which may then be
                available.

            

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      	(i)  	
              Reformation.
                If it is determined by a court of competent jurisdiction in any state
                that
                any restriction in this Section 10 is excessive in duration or scope
                or is
                unreasonable or unenforceable under the laws of that state, it is
                the
                intention of the parties that such restriction may be modified or
                amended
                by the court to render it enforceable to the maximum extent permitted
                by
                the law of that state.

            

       

      	(j)  	
              Survival
                of Provisions.
                The obligations contained in this Section 10 shall survive the termination
                or expiration of the Executive’s employment with the Company and shall be
                fully enforceable thereafter.

            

       

      11.  Conditions.
        Any
        payments or benefits made or provided pursuant to this Agreement are subject
        to
        the Executive’s:

       

      	(a)  	
              compliance
                with the provisions of Section 10 hereof;

            

       

      	(b)  	
              delivery
                to the Company of an executed Agreement and General Release (the
“General
                Release”), which shall be substantially in the form attached hereto as
                Appendix B (with such changes therein or additions thereto as needed
                under
                then applicable law to give effect to its intent and purpose) within
                21
                days of presentation thereof by the Company to the Executive:
                and

            

       

      	(c)  	
              delivery
                to the Company of a resignation from all offices, directorships and
                fiduciary positions with the Company, its affiliates and employee
                benefit
                plans.

            

       

      12.  Miscellaneous.
        No
        provision of this Agreement may be modified, waived or discharged unless
        such
        waiver, modification or discharge is agreed to in writing and signed by the
        Executive and the President of the Company or his designee. No waiver by
        either
        party hereto at any time of any breach by the other party hereto of, or of
        any
        lack of compliance with, any condition or provision of this Agreement to
        be
        performed by such other party shall be deemed a waiver of similar or dissimilar
        provisions or conditions at the same or at any prior or subsequent time.
        The
        validity, interpretation, construction and performance of this Agreement
        shall
        be governed by the laws of Connecticut without regard to its conflicts of
        law
        principles. Any payments provided for hereunder shall be paid net of any
        applicable withholding required under federal, state or local law and any
        additional withholding to which the Executive has agreed. The obligations
        of the
        Company and the Executive under this Agreement which by their nature may
        require
        either partial or total performance after its expiration shall survive any
        such
        expiration.

       

      13.  Validity;
        Counterparts.
        The
        invalidity or unenforceability of any provision of this Agreement shall not
        affect the validity or enforceability of any other provision of this Agreement,
        which shall remain in full force and effect. This Agreement may be executed
        in
        several counterparts, each of which shall be deemed to be an original but
        all of
        which together will constitute one and the same instrument.

       

      14.  Prior
        Agreements.
        This
        Agreement supersedes and replaces the Prior Agreement. This Agreement supersedes
        any other agreements or representations, oral or otherwise, express or implied,
        with respect to the subject matter hereof which have been made by either
        party.
        By signing this Agreement, the Executive releases and discharges the Company
        from any and all obligations and liabilities heretofore or now existing under
        or
        by virtue of the Prior Agreement.

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      15.  Coordination
        with Employment Agreement.
        In the
        event that the Executive receives compensation or benefits under the Executive’s
        Employment Agreement and thereafter becomes entitled to similar compensation
        or
        benefits under this Agreement, the compensation and benefits paid or provided
        under the Employment Agreement shall be an offset against the similar
        compensation and benefits payable or to be provided under this
        Agreement.

       

      16.  Settlement
        of Disputes.
        All
        claims by the Executive for benefits under this Agreement shall be directed
        to
        and determined by the Board and shall be in writing. Any denial by the Board
        of
        a claim for benefits under this Agreement shall be delivered to the Executive
        in
        writing and shall set forth the specific reasons for the denial and the specific
        provisions of this Agreement relied upon. The Board shall afford a reasonable
        opportunity to the Executive for a review of the decision denying a claim
        and
        shall further allow the Executive to appeal to the Board a decision of the
        Board
        within sixty (60) days after notification by the Board that the Executive’s
        claim has been denied.

       

      17.  Arbitration.
        Any
        further dispute or controversy arising under or in connection with this
        Agreement shall be settled exclusively by arbitration in Hartford, Connecticut,
        in accordance with the rules of the American Arbitration Association then
        in
        effect; provided, however, that the evidentiary standards set forth in this
        Agreement shall apply. Judgment may be entered on the arbitrator’s award in any
        court having jurisdiction. Notwithstanding any provision of this Agreement
        to
        the contrary, the Executive shall be entitled to seek specific performance
        of
        the Executive’s right to be paid until the Date of Termination during the
        pendency of any dispute or controversy arising under or in connection with
        this
        Agreement.

       

      18.  Definitions.
        For
        purposes of this Agreement, the following terms shall have the meanings
        indicated below:

       

      	(a)  	
              “Affiliate”
                shall have the meaning set forth in Rule 12b-2 promulgated under
                Section
                12 of the Exchange Act.

            

      

      	(b)  	
              “Beneficial
                Owner” shall have the meaning set forth in Rule 13d-3 under the Exchange
                Act.

            

      

      	(c)  	
              “Board”
                shall mean the Board of Directors of the
                Company.

            

      

      	(d)  	
              “Cause”
                for termination by the Company of the Executive’s employment shall mean
                (i) the willful and continued failure by the Executive to substantially
                perform the Executive’s duties with the Company (other than any such
                failure resulting from the Executive’s incapacity due to physical or
                mental illness or any such actual or anticipated failure after the
                issuance of a Notice of Termination for Good Reason by the Executive
                pursuant to Section 6.1 of this Agreement) after a written demand
                for
                substantial performance is delivered to the Executive by the Board,
                which
                demand specifically identifies the manner in which the Board believes
                that
                the Executive has not substantially performed the Executive’s duties, or
                (ii) the willful engaging by the Executive in conduct which is
                demonstrably and materially injurious to the Company or its subsidiaries,
                monetarily or otherwise. For purposes of clauses (i) and (ii) of
                this
                definition, (x) no act, or failure to act, on the Executive’s part shall
                be deemed “willful” unless done, or omitted to be done, by the Executive
                not in good faith and without reasonable belief that the Executive’s act,
                or failure to act, was in the best interest of the Company and (y)
                in the
                event of a dispute concerning the application of this provision,
                no claim
                by the Company that Cause exists shall be given effect unless the
                Company
                establishes to the Board by clear and convincing evidence that Cause
                exists. Notwithstanding the foregoing, Cause shall not include any
                act or
                omission of which the Audit Committee of the Board (or the full Board)
                has
                had actual knowledge of all material facts related thereto for at
                least 90
                days without asserting that the act or omission constitutes
                Cause.

            

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      	(e)  	
              “Change
                in Control” for purposes of this Agreement shall mean any of the following
                events, provided that such an event is not also a Management
                Buyout:

            

      

      	(I)  	
              any
                Person is or becomes the Beneficial Owner directly or indirectly,
                of
                securities of the Company representing thirty-five (35%) or more
                of the
                combined voting power of the Company’s then outstanding
                voting securities generally entitled to vote in the election of directors
                of the Company;
                provided, however, that no Change in Control will be deemed to have
                occurred as a result of a change in ownership percentage resulting
                solely
                from an acquisition of securities by the Company or a transaction
                described in clause (A) of paragraph (III)
                below;

            

       

      	(II)  	
              during
                any period of two consecutive years, individuals who, as of the beginning
                of such period, constitute the Board (the “Incumbent Board”) cease to
                constitute at least a majority of the Board; provided, that any person
                becoming a director of the Company subsequent to the beginning of
                such
                period whose election, or nomination for election by the Company’s
                shareholders, was approved by a vote of at least a majority of the
                directors then comprising the Incumbent Board shall be considered
                as
                though such individual were a member of the Incumbent Board, but
                excluding, for this purpose, any such individual whose initial assumption
                of office occurs as a result of either an actual or threatened election
                contest, including but not limited to a consent solicitation, relating
                to
                the election of directors of the Company and whose appointment or
                election
                was not approved by at least a majority of the directors of the Company
                in
                office immediately before any such
                contest;

            

       

      	(III)  	
              there
                is consummated a Merger of the Company with any other business entity,
                other than (A) a Merger which would result in the securities of the
                Company generally entitled to vote in the election of directors of
                the
                Company outstanding immediately prior to such Merger continuing to
                represent (either by remaining outstanding or by being converted
                into such
                securities of the surviving entity or any parent thereof), in combination
                with the ownership of any trustee or other fiduciary holding such
                securities under an employee benefit plan of the Company or any
                Subsidiary, at least 50% of the combined voting power of the voting
                securities of the Company or such surviving entity or any parent
                thereof
                outstanding immediately after such Merger, generally entitled to
                vote in
                the election of directors of the Company or such surviving entity
                or any
                parent thereof and, in the case of such surviving entity or any parent
                thereof, of a class registered under Section 12 of the Exchange Act,
                or
                (B) a Merger effected to implement a recapitalization of the Company
                (or
                similar transaction) in which no Person is or becomes the Beneficial
                Owner, directly or indirectly, of securities of the Company representing
                35% or more of the combined voting power of the Company’s then outstanding
                voting securities generally entitled to vote in the election of directors
                of the Company; or

            

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      	(IV)  	
              the
                stockholders of the Company approve a plan of complete liquidation
                or
                dissolution of the Company or there is consummated the sale or disposition
                by the Company of all or substantially all of the Company’s assets, other
                than a sale or disposition by the Company of all or substantially
                all of
                the Company’s assets to an entity where the outstanding securities
                generally entitled to vote in the election of directors of the Company
                immediately prior to the transaction continue to represent (either
                by
                remaining outstanding or by being converted into such securities
                of the
                surviving entity or any parent thereof) 50% or more of the combined
                voting
                power of the outstanding voting securities of such entity generally
                entitled to vote in such entity’s election of directors immediately after
                such sale and of a class registered under Section 12 of the Exchange
                Act.
                

            

       

      Within
        five (5) days after a Change in Control has occurred, the Company shall deliver
        to the Executive a written statement memorializing the date that the Change
        in
        Control occurred.

      

      	(f)  	
              “Code”
                shall mean the Internal Revenue Code of 1986, as amended from time
                to
                time, and any successor Code, and related rules, regulations and
                interpretations.

            

      

      	(g)  	
              “Company”
                shall mean Kaman Corporation and, except in determining under Section
                18(e) hereof whether or not any Change in Control of the Company
                has
                occurred, shall include any successor to its business and/or assets.
                

            

       

      	(h)  	
              “Consultant”
                shall have the meaning set forth in Appendix A of this
                Agreement.

            

      

      	(i)  	
              “Date
                of Termination” shall have the meaning set forth in Section 6.2 of this
                Agreement.

            

      

      	(j)  	
              “Disability”
                shall be deemed the reason for the termination by the Company of
                the
                Executive’s employment, if, as a result of the Executive’s incapacity due
                to physical or mental illness, the Executive shall have been absent
                from
                the full-time performance of the Executive’s duties with the Company for a
                period of six (6) consecutive months, the Company shall have given
                the
                Executive a Notice of Termination for Disability, and, within thirty
                (30)
                days after such Notice of Termination is given, the Executive shall
                not
                have returned to the full-time performance of the Executive’s
                duties.

            

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      	(k)  	
              “Exchange
                Act” shall mean the Securities Exchange Act of 1934, as amended from time
                to time.

            

      

      	(l)  	
              “Excise
                Tax” shall mean any excise tax imposed under Section 4999 of the
                Code.

            

      

      	(m)  	
              “Executive”
                shall mean the individual named in the preamble to this
                Agreement

            

      

      	(n)  	
              “Good
                Reason” for termination by the Executive of the Executive’s
                employment
                shall mean the occurrence (without the Executive’s express written
                consent) after any Change in Control (if more than one Change in
                Control
                has occurred, any reference to a Change in Control in this subsection
                (n)
                shall refer to the most recent Change in Control), of any one of
                the
                following acts by the Company, or failures by the Company to act,
                unless,
                in the case of any act or failure to act described in paragraph (I),
                (V),
                (VI), or (VII) below, such act or failure to act is corrected prior
                to the
                Date of Termination specified in the Notice of Termination given
                in
                respect thereof:

            

      

      	(I)  	
              the
                assignment to the Executive of any duties inconsistent with the
                Executive’s status as Senior Vice President, Chief Investment Officer and
                Treasurer of the Company or a substantial diminution in the nature
                or
                status of the Executive’s responsibilities from those in effect
                immediately prior to the Change in
                Control;

            

       

      	(II)  	
              a
                reduction by the Company in the Executive’s annual Base Salary as in
                effect on the date of this Agreement or as the same may be increased
                from
                time to time;

            

       

      	(III)  	
              the
                relocation of the Executive’s principal place of employment to a location
                more than 50 miles from the Executive’s principal place of employment
                immediately prior to the Change in Control or the Company’s requiring the
                Executive to be based anywhere other than such principal place of
                employment (or permitted relocation thereof) except for required
                travel on
                the Company’s business to an extent substantially consistent with the
                Executive’s business travel obligations immediately prior to the Change in
                Control;

            

       

      	(IV)  	
              the
                failure by the Company to pay to the Executive any portion of the
                Executive’s current compensation, or to pay to the Executive any portion
                of an installment of deferred compensation under any deferred compensation
                program of the Company, within thirty (30) days of the date such
                compensation is due;

            

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      	(V)  	
              the
                failure by the Company to continue in effect any compensation plan
                in
                which the Executive participates immediately prior to the Change
                in
                Control which is material to the Executive’s total compensation
                (including, but not limited to, the Kaman Corporation Compensation
                Administration Plan, Kaman Corporation Cash Bonus Plan, and Kaman
                Corporation 2003 Stock Incentive Plan), unless an equitable arrangement
                (embodied in an ongoing substitute or alternative plan) has been
                made with
                respect to such plan, or the failure by the Company to continue the
                Executive’s participation therein (or in such substitute or alternative
                plan) on a basis not materially less favorable, both in terms of
                the
                amount or timing of payment of benefits provided and the level of
                the
                Executive’s participation relative to other participants, as existed
                immediately prior to the Change in
                Control;

            

       

      	(VI)  	
              the
                failure by the Company to continue to provide the Executive with
                benefits
                substantially similar to those enjoyed by the Executive under any
                of the
                Company’s life insurance, health and accident, or disability plans in
                which the Executive was participating immediately prior to the Change
                in
                Control, the taking of any other action by the Company which would
                directly or indirectly materially reduce any of such benefits or
                deprive
                the Executive of any material fringe benefit enjoyed by the Executive
                at
                the time of the Change in Control, or the failure by the Company
                to
                provide the Executive with the number of paid vacation days to which
                the
                Executive is entitled on the basis of years of service with the Company
                in
                accordance with the Company’s normal vacation policy in effect at the time
                of the Change in Control, provided, however, that this paragraph
                shall not
                be construed to require the Company to provide the Executive with
                a
                defined benefit pension plan if no such plan is provided to similarly
                situated executive officers of the Company or its Affiliates;
                or

            

       

      	(VII)  	
              any
                purported termination of the Executive’s employment which is not effected
                pursuant to a Notice of Termination satisfying the requirements of
                Section
                6.1 of this Agreement; for purposes of this Agreement, no such purported
                termination shall be effective.

            

       

      The
        Executive’s right to terminate the Executive’s employment for Good Reason shall
        not be affected by the Executive’s incapacity due to physical or mental illness.
        The Executive’s continued employment shall not constitute consent to, or a
        waiver of rights with respect to, any act or failure to act constituting
        Good
        Reason hereunder. 

       

      Notwithstanding
        anything to the contrary above, the Executive shall not have “Good Reason” to
        terminate employment due solely to one or more of the following events: (1)
        there is a diminution of the business of the Company or any of its subsidiaries,
        including, without limitation, a sale or other transfer of property or other
        assets of the Company or its subsidiaries, or a reduction in the Executive’s
        business unit’s head count or budget, or (2) a suspension of the Executive’s
        position, job functions, authorities, duties and responsibilities while on
        paid
        administrative leave due to a reasonable belief by the Board that the Executive
        has engaged in conduct that would give adequate grounds to terminate the
        Executive’s employment for Cause.

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

       

      	(o)  	
              “Gross-Up
                Payment” shall have the meaning set forth in Section 5.2 of this
                Agreement.

            

       

      	(p)  	
              “Management
                Buyout” means any event or transaction which would otherwise constitute a
                Change in Control (a “Transaction”) if, in connection with the
                Transaction, the Executive, members of the Executive's immediate
                family,
                and/or the “Executive's Affiliates” (as defined below) participate,
                directly or beneficially, as an equity investor in, or have the option
                or
                right to acquire, whether or not vested, equity interests of, the
                acquiring entity or any of its Affiliates (the “Acquiror”) having a
                percentage interest therein greater than 1%. For purposes of the
                preceding
                sentence, a party shall not be deemed to have participated as an
                equity
                investor in the Acquiror by virtue of (i) obtaining beneficial ownership
                of any equity interest in the Acquiror as a result of the grant to
                the
                party of an incentive compensation award under one or more incentive
                plans
                of the Acquiror (including, but not limited to, the conversion in
                connection with the Transaction of incentive compensation awards
                of the
                Company into incentive compensation awards of the Acquiror), on terms
                and
                conditions substantially equivalent to those applicable to other
                employees
                of the Company at a comparable level as such party immediately prior
                to
                the Transaction, after taking into account normal differences attributable
                to job responsibilities, title and the like, or (ii) obtaining beneficial
                ownership of any equity interest in the Acquiror on terms and conditions
                substantially equivalent to those obtained in the Transaction by
                all other
                shareholders of the Company or (iii) the party’s interests in any
                tax-qualified defined benefit or defined contribution pension or
                retirement plan in which such party or any family member is a participant
                or beneficiary. The “Executive’s Affiliates” at any time consist of any
                entity in which the Executive and/or members of the Executive’s immediate
                family then own, directly or beneficially, or have the option or
                right to
                acquire, whether or not vested, greater than 10% of such entity’s equity
                interests, and all then current directors and executive officers
                of the
                Company who are members of any group, that also includes the Executive,
                a
                member of the Executive’s immediate family and/or any such entity, in
                which the members have agreed to act together for the purpose of
                participating in the Transaction. The Executive’s immediate family
                consists of the Executive’s spouse, parents, children and
                grandchildren.

            

      

      	(q)  	
              “Merger”
                means a merger, share exchange, consolidation or similar business
                combination under applicable law. 

            

      

      	(r)  	
              “Notice
                of Termination” shall have the meaning set forth in Section 6.1 of this
                Agreement.

            

      

      	(s)  	
              “Payments”
                shall have the meaning set forth in Section 5.1 of this
                Agreement.

            

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

       

      	(t)  	
              “Person”
                shall have the meaning given in Section 3(a)(9) of the Exchange Act,
                as
                modified and used in Sections 13(d) and 14(d) thereof, except that
                such
                term shall not include (i) the Company or any of its direct or indirect
                Subsidiaries, (ii) a trustee or other fiduciary holding securities
                under
                an employee benefit plan of the Company, (iii) an underwriter temporarily
                holding securities pursuant to an offering of such securities, or
                (iv) a
                corporation owned, directly or indirectly, by the stockholders of
                the
                Company in substantially the same proportions and with substantially
                the
                same voting rights as their ownership and voting rights with respect
                to
                the Company. 

            

      

      	(u)  	
              “Subsidiary”
                shall mean any corporation within the meaning of Section 424(f) of
                the
                Code.

            

      

      	(v)  	
              “Term”
                shall mean the period of time described in Section 2 of this
                Agreement.

            

      

      19. Payment
        of Compensation.
        The
        parties shall revisit this Agreement when the IRS issues final regulations
        under
        Section 409A of the Code for the sole purpose of determining whether any
        amendments are required in order to comply with such regulations. The parties
        shall promptly agree in good faith on appropriate provisions to avoid any
        material risk of noncompliance without materially changing the economic value
        (to the Executive) or the cost (to the Company) of this Agreement including,
        if
        necessary, the deferral of any amount payable hereunder upon separation from
        service to the first date such amount may be paid without incurring tax under
        Section 409A of the Code, in which case such payment shall bear interest
        at the
        applicable federal rate under Section 1274 of the Code. Notwithstanding the
        foregoing, the Company shall in no event be obligated to indemnify the Executive
        for any taxes or interest that may be assessed by the IRS pursuant to Section
        409A of the Code.

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      

      IN
        WITNESS WHEREOF, the parties have executed this agreement.

       

      
        
          	
                   

                   

                	
                    

                  KAMAN
                    CORPORATION

                	 	 
	 	 	 	 	 
	 	 	
                  /s/ Paul
                    R. Kuhn

                	 	
                  2/20/07

                
	 	
                  By:  

                	
                  Paul
                    R. Kuhn

                	 	
                  Date

                
	 	
                  Its:

                	
                  President
                    and Chief Executive Officer

                	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	
                  Executive

                	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                  By:

                	
                  /s/
                    Russell H. Jones

                	 	
                  2/19/07

                
	 	 	
                  Russell
                    H. Jones

                	 	
                  Date

                
	 	 	 	 	 

        

       

      

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      

      APPENDIX
        A

      

      TAX
        GROSS-UP PAYMENT RULES AND PROCEDURES

       

      1. Subject
        to Paragraph 3 below, all determinations required to be made under Section
        5.2
        of this Agreement, including whether a Gross-Up Payment is required and the
        amount of such Gross-Up Payment, shall be made by an accounting firm (the
        “Consultant”) selected in accordance with Paragraph 2 below. The Consultant
        shall provide detailed supporting calculations both to the Company and Executive
        within 15 business days of the event that results in the potential for an
        excise
        tax liability for the Executive, which could include but is not limited to
        a
        Change in Control and the subsequent vesting of any cash payments or awards,
        or
        the Executive’s termination of employment, or such earlier time as is required
        by the Company. The initial Gross-Up Payment, if any, as determined pursuant
        to
        this Paragraph 1, shall be paid on the Executive’s behalf to the applicable
        taxing authorities within five (5) days of the receipt of the Consultant’s
        determination. If the Consultant determines that the Executive is not subject
        to
        Excise Tax, it shall furnish the Executive with a written report indicating
        that
        he has substantial authority not to report any Excise Tax on his federal
        income
        tax return. Any determination by the Consultant shall be binding upon the
        Company and Executive. As a result of the uncertainty in the application
        of
        Section 4999 of the Code at the time of the initial determination by the
        Consultant hereunder, it is possible that Gross-Up Payments which will not
        have
        been made by the Company should have been made (“Underpayment”), consistent with
        the calculations required to be made hereunder. In the event that the Company
        exhausts its remedies pursuant to Paragraph 3 below and Executive thereafter
        is
        required to make a payment or additional payment of any Excise Tax, the
        Consultant shall determine the amount of the Underpayment that has occurred
        and
        any such Underpayment, increased by all applicable interest and penalties
        associated with the Underpayment, shall be promptly paid by the Company to
        or
        for the benefit of Executive. For purposes of determining the amount of the
        Gross-Up Payment, Executive shall be deemed to pay federal income tax at
        the
        highest marginal rate of federal income taxation in the calendar year in
        which
        the Gross-Up Payment is to be made and state and local income taxes on earned
        income at the highest marginal rate of taxation in the state and locality
        of
        Executive’s residence on the Date of Termination, (or the date of the Change in
        Control if the Executive is subject to Excise Tax prior to the issuance of
        a
        Notice of Termination) net of the maximum reduction in federal income taxes
        which could be obtained from deduction of such state and local
        taxes.

       

      2. The
        Consultant shall be a nationally recognized public accounting firm, benefits
        consultant or law firm proposed by the Company and agreed upon by the Executive.
        If Executive and the Company cannot agree on the firm to serve as the Consultant
        within ten (10) days after the date on which the Company proposed to Executive
        an entity to serve as the Consultant, then Executive and the Company shall
        each
        select one and those two firms shall jointly select the entity to serve as
        the
        Consultant within ten (10) days after being requested by the Company and
        Executive to make such selection. The Company shall pay the Consultant’s
        fee.

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

       

      3. Executive
        shall notify the Company in writing of any claim by the Internal Revenue
        Service
        that, if successful, would require the payment by the Company of the Gross-Up
        Payment. Such notification shall be given as soon as practicable, but no
        later
        than fifteen (15) business days after Executive knows of such claim and
        Executive shall apprise the Company of the nature of such claim and the date
        on
        which such claim is requested to be paid. Executive shall not pay such claim
        prior to the expiration of the period ending on the date that any payment
        of
        taxes with respect to such claim is due or the thirty day period following
        the
        date on which Executive gives such notice to the Company, whichever period
        is
        shorter. If the Company notifies Executive in writing prior to the expiration
        of
        such period that it desires to contest such claim, Executive shall (i) give
        the
        Company any information reasonably requested by the Company relating to such
        claim, (ii) take such action in connection with contesting such claim as
        the
        Company shall reasonably request in writing from time to time, including,
        without limitation, accepting legal representation with respect to such claim
        by
        an attorney reasonably selected by the Company, (iii) cooperate with the
        Company
        in good faith in order effectively to contest such claim, and (iv) permit
        the
        Company to participate in any proceedings relating to such claim; provided,
        however, that the Company shall bear and pay directly all costs and expenses
        (including attorneys fees and any additional interest and penalties) incurred
        in
        connection with such contest and shall indemnify and hold Executive harmless,
        on
        an after-tax basis, for any Excise Tax or income tax, including interest
        and
        penalties with respect thereto, imposed as a result of such representation
        and
        payment of costs and expenses. Without limitation of the foregoing provisions
        of
        this Paragraph 3, the Company shall control all proceedings taken in connection
        with such contest and, at its sole option, may pursue or forego any and all
        administrative appeals, proceedings, hearings and conferences with the taxing
        authority in respect to such claim and may, at its sole option, either direct
        Executive to pay the tax claimed and sue for a refund or contest the claim
        in
        any permissible manner, and Executive agrees to prosecute such contest to
        a
        determination before any administrative tribunal, in a court of initial
        jurisdiction and in one or more appellate courts, as the Company shall
        determine; provided, however, that if the Company directs Executive to pay
        such
        claim and sue for a refund, the Company shall advance the amount of such
        payment
        to Executive, on an interest-free basis and shall indemnify and hold Executive
        harmless, on an after-tax basis, from any Excise Tax and income tax, including
        interest or penalties with respect thereto, imposed with respect to such
        advance
        or with respect to any imputed income with respect to such advance; and further
        provided that any extension of the statute of limitations relating to payment
        of
        taxes for the taxable year of Executive with respect to which such contested
        amount is claimed to be due is limited solely to such contested amount.
        Furthermore, the Company’s control of the contest shall be limited to issues
        with respect to which a Gross-Up Payment would be payable hereunder and
        Executive shall be entitled to settle or contest, as the case may be, any
        other
        issue raised by the Internal Revenue Service or any other
        authority.

       

      4. If,
        after
        the receipt by Executive of an amount advanced by the Company pursuant to
        Paragraph 3 above, Executive becomes entitled to receive any refund with
        respect
        to such claim, Executive shall (subject to the Company’s complying with the
        requirements of Paragraph 3), promptly pay to the Company the amount of such
        refund (together with any interest paid or credited thereon after taxes
        applicable thereto).

       

      

       

      
        
           

        

        
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      APPENDIX
        B

       

      FORM
        OF RELEASE

       

      AGREEMENT
        AND GENERAL RELEASE

       

      Kaman
        Corporation, its affiliates, subsidiaries, divisions, successors and assigns
        in
        such capacity, and the current, future and former employees, officers,
        directors, trustees and agents thereof (collectively referred to throughout
        this
        Agreement as “Employer”), and Russell H. Jones (“Executive”), the Executive’s
        heirs, executors, administrators, successors and assigns (collectively referred
        to throughout this Agreement as “Employee”) agree:

       

      1. Last
        Day
        of Employment. Executive’s last day of employment with Employer is
        ______________. In addition, effective as of DATE, Executive resigns from
        the
        Executive’s positions as Senior Vice President, Chief Investment Officer and
        Treasurer of Employer and will not be eligible for any benefits or compensation
        after ________, including payments under the Executive’s Employment Agreement,
        other than as specifically provided under the Change in Control Agreement
        between Employer and Executive effective as of January 1, 2007 (the “Change in
        Control Agreement”).
        Executive further acknowledges and agrees that, after DATE, the Executive
        will
        not represent the Executive as being a director, employee, officer, trustee,
        agent or representative of Employer for any purpose. In addition, effective
        as
        of DATE, Executive resigns from all offices, directorships, trusteeships,
        committee memberships and fiduciary capacities held with, or on behalf of,
        Employer or any benefit plans of Employer. These resignations will become
        irrevocable as set forth in Section 3 below.

       

      2. Consideration.
        The parties acknowledge that this Agreement and General Release is being
        executed in accordance with Section 11 of the Change in Control
        Agreement.

       

      3. Revocation.
        Executive may revoke this Agreement and General Release for a period of seven
        (7) calendar days following the day Executive executes this Agreement and
        General Release. Any revocation within this period must be submitted, in
        writing, to Employer and state, “I hereby revoke my acceptance of our Agreement
        and General Release.” The revocation must be personally delivered to Employer’s
        _______________ Chief Legal Officer, or his/her designee, or mailed to Kaman
        Corporation, 1332 Blue Hills Avenue, P.O. Box 1, Bloomfield, CT 06002, Attention
        Candace Clark, and postmarked within seven (7) calendar days of execution
        of
        this Agreement and General Release. This Agreement and General Release shall
        not
        become effective or enforceable until the revocation period has expired.
        If the
        last day of the revocation period is a Saturday, Sunday, or legal holiday
        in
        Hartford, Connecticut, then the revocation period shall not expire until
        the
        next following day which is not a Saturday, Sunday, or legal
        holiday.

       

      4. General
        Release of Claim. Subject to the full satisfaction by the Employer of its
        obligations under the Change in Control Agreement, Employee knowingly and
        voluntarily releases and forever discharges Employer from any and all claims,
        causes of action, demands, fees and liabilities of any kind whatsoever, whether
        known and unknown, against Employer, Employee has, has ever had or may have
        as
        of the date of execution of this Agreement and General Release, including,
        but
        not limited to, any alleged violation of:

       

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

       

      - Title
        VII
        of the Civil Rights Act of 1964, as amended;

       

      - The
        Civil
        Rights Act of 1991;

       

      - Sections
        1981 through 1988 of Title 42 of the United States Code, as
        amended;

       

      - The
        Employee Retirement Income Security Act of 1974, as amended;

       

      - The
        Immigration Reform and Control Act, as amended;

       

      - The
        Americans with Disabilities Act of 1990, as amended;

       

      - The
        Age
        Discrimination in Employment Act of 1967, as amended;

       

      - The
        Older
        Workers Benefit Protection Act of 1990;

       

      - The
        Worker Adjustment and Retraining Notification Act, as amended;

       

      - The
        Occupational Safety and Health Act, as amended;

       

      - The
        Family and Medical Leave Act of 1993;

       

      
        
          -
            Any
            wage
            payment and collection, equal pay and other similar laws, acts and statutes
            of
            the State of Connecticut;

        

      

       

      
        
          -
            Any
            other
            federal, state or local civil or human rights law or any other local,
            state or
            federal law, regulation or ordinance; 

        

      

       

      
        
          -
            Any
            public policy, contract, tort, or common law; or

        

      

       

      
        
          -
            Any
            allegation for costs, fees, or other expenses including attorneys fees
            incurred
            in these matters.

        

      

       

      Notwithstanding
        anything herein to the contrary, the sole matters to which the Agreement
        and
        General Release do not apply are: (i) Employee’s express rights under any
        pension (including but not limited to any rights under the Kaman Corporation
        Supplemental Retirement Plan) or claims for accrued vested benefits under
        any
        other employee benefit plan, policy or arrangement maintained by Employer
        or
        under COBRA; (ii) Employee’s rights under the provisions of the Change in
        Control Agreement which are intended to survive termination of employment;
        or
        (iii) Employee’s rights as a stockholder.

       

      5. No
        Claims
        Permitted. Employee waives Executive’s right to file any charge or complaint
        against Employer arising out of Executive’s employment with or separation from
        Employer before any federal, state or local court or any state or local
        administrative agency, except where such waivers are prohibited by
        law.

       

      6. Affirmations.
        Employee affirms Executive has not filed, has not caused to be filed, and
        is not
        presently a party to, any claim, complaint, or action against Employer in
        any
        forum. Employee further affirms that the Executive has been paid and/or has
        received all compensation, wages, bonuses, commissions, and/or benefits to
        which
        Executive may be entitled and no other compensation, wages, bonuses, commissions
        and/or benefits are due to Executive, except as provided under the Change
        in
        Control Agreement. Employee also affirms Executive has no known workplace
        injuries.

       

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

       

      7. Cooperation;
        Return of Property. In accordance with Section 10(f) of the Change in Control
        Agreement Employee agrees to reasonably cooperate with Employer and its counsel
        in connection with any investigation, administrative proceeding or litigation
        relating to any matter that occurred during Executive’s employment in which
        Executive was involved or of which Executive has knowledge and Employer will
        reimburse the Employee for any reasonable out-of-pocket travel, delivery
        or
        similar expenses incurred and lost wages (or will provide reasonable
        compensation if Executive is not then employed) in providing such service
        to
        Employer. The Employee represents the Executive has complied with Section
        10(e)
        of the Change in Control Agreement regarding the return of Employer property
        and
        records.

       

      8. Governing
        Law and Interpretation. This Agreement and General Release shall be governed
        and
        conformed in accordance with the laws of the State of Connecticut without
        regard
        to its conflict of laws provisions. In the event Employee or Employer breaches
        any provision of this Agreement and General Release, Employee and Employer
        affirm either may institute an action to specifically enforce any term or
        terms
        of this Agreement and General Release. Should any provision of this Agreement
        and General Release be declared illegal or unenforceable by any court of
        competent jurisdiction and should the provision be incapable of being modified
        to be enforceable, such provision shall immediately become null and void,
        leaving the remainder of this Agreement and General Release in full force
        and
        effect. Nothing herein, however, shall operate to void or nullify any general
        release language contained in the Agreement and General Release. 

       

      9. No
        Admission of Wrongdoing. Employee agrees neither this Agreement and General
        Release nor the furnishing of the consideration for this Release shall be
        deemed
        or construed at any time for any purpose as an admission by Employer of any
        liability or unlawful conduct of any kind.

       

      10. Amendment.
        This Agreement and General Release may not be modified, altered or changed
        except upon express written consent of both parties wherein specific reference
        is made to this Agreement and General Release.

       

      11. Entire
        Agreement. This Agreement and General Release sets forth the entire agreement
        between the parties hereto and fully supersedes any prior agreements or
        understandings between the parties; provided, however, that notwithstanding
        anything in this Agreement and General Release, the provisions in the Change
        in
        Control Agreement which are intended to survive termination of the Change
        in
        Control Agreement, including but not limited to those contained in Section
        10
        thereof, shall survive and continue in full force and effect. Employee
        acknowledges Executive has not relied on any representations, promises, or
        agreements of any kind made to Executive in connection with Executive’s decision
        to accept this Agreement and General Release.

       

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

       

      EMPLOYEE
        HAS BEEN ADVISED THAT EXECUTIVE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO
        REVIEW THIS AGREEMENT AND GENERAL RELEASE AND HAS BEEN ADVISED IN WRITING
        TO
        CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL
        RELEASE. 

       

      EMPLOYEE
        AGREES ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
        GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE
        (21) CALENDAR DAY CONSIDERATION PERIOD. 

       

      HAVING
        ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
        SET FORTH HEREIN, AND TO RECEIVE THE SUMS AND BENEFITS SET FORTH IN THE CHANGE
        IN CONTROL AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE
        CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO
        WAIVE, SETTLE AND RELEASE ALL CLAIMS EXECUTIVE HAS OR MIGHT HAVE AGAINST
        EMPLOYER.

       

      IN
        WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
        Agreement and General Release as of the date set forth below:

       

      

        
          	
                   

                   

                	
                   

                   

                	
                   

                  KAMAN
                    CORPORATION

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                  By:  

                	
                   

                
	
                   

                	
                   

                  Name:

                	
                   

                  [NAME]

                
	
                   

                	
                  Title:

                	
                   

                
	
                   

                	
                  Date:

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                  Russell
                    H. Jones

                
	
                   

                	
                  Date:

                	
                   

                
	
                   

                	
                   

                	
                   

                

        

      

    

     

     

    
      
         

      

      
        25

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