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Exhibit 10.1

June 18, 2022

Mr. Thomas J. Hook
2917 Belclaire Drive
Frisco, Texas 75034 

Dear Tom:

We are pleased to offer to you the position of President and Chief Executive Officer, Barnes Group Inc. (“Barnes” or the “Company”), at an annual salary of $1,000,000 (paid monthly in advance), effective July 14, 2022. In this position you will report directly to the Board of Directors (“Board”). You will remain a member of the Board, transitioning to a Management Director effective July 14, 2022. Any successive terms of the Board will be subject to stockholder approval at subsequent Annual Meetings, commencing with the Annual Meeting in May 2023.

Effective July 14, 2022, you will participate in the annual Management Incentive Compensation Plan (on a prorated basis for 2022) and the Performance-Linked Bonus Plan for Select Executive Officers (beginning in 2023). Your target incentive under this plan is 100% of base salary with a maximum payout of 200% of base salary, and a performance schedule proportional to other members of the senior leadership team. Your incentive payout will be based on 60% Diluted Earnings Per Share (EPS), 20% Revenue and 20% Days Working Capital. Your total cash compensation package is $2,000,000 at target and $3,000,000 at maximum on an annualized basis. Annual incentive payouts are subject to the provisions of the plan and are normally paid in late February of the year immediately following the plan year (i.e., payouts for the 2022 plan year are expected to be paid in late February 2023). You must be employed on the date bonuses are paid to be eligible for a payout.

You will receive a special one-time cash award, payable within 30 days from your date of employment, in the amount of
$2,000,000 (less applicable withholdings) in lieu of forfeited accrued bonus and carried profits interests from your prior employer. The cash award is subject to full reimbursement to Barnes should you voluntarily terminate your employment within twelve-months of payment, or you are terminated “for cause” by the Board.

You also will receive a one-time, new-hire equity award in the amount of $10,000,000 on the date that your employment commences in alignment with our equity granting practice. Key provisions are summarized below:

▪$10,000,000 of performance stock options with a ten-year term that cliff-vest in five years based on continued service plus achieving the following compound annual growth rates (CAGRs) in the price of our common shares above the option exercise price (with linear interpolation between points): 33.3% @ 5% CAGR; 66.6% @ 7% CAGR; and 100% @ 9% CAGR.

▪Stock option exercise price equal to the closing price of our common shares on the grant date.

▪Number of stock option shares to be granted determined based on the grant date value per share under generally accepted accounting principles (GAAP), which is currently estimated to be 27.87% of the closing price of our common shares on the grant date, subject to confirmation by PricewaterhouseCoopers LLP.

▪Stock price for determining performance vesting CAGRs based on the volume-weighted average closing price for 30 consecutive trading days on the five-year anniversary date of the grant (or next subsequent trading date) as compared to the grant date closing price.

▪Service-based vesting as specified in our regular stock option agreement for senior leadership team members in the event of employment termination during the ten-year option term.

Beginning with the 2023 grant cycle, you will be awarded annual long-term incentives at the same time and with the same provisions as other members of our senior leadership team for a market-based grant value commensurate with your position. The total grant value for 2023 would be $4,750,000. We currently expect these awards to be in the form

Thomas J. Hook
June 18, 2022
Page 2

of stock options, restricted stock units (RSUs), and performance share awards (PSAs), subject to the discretion of the Compensation and Management Development Committee.

You will be expected to sign an agreement that provides that, in certain circumstances, you may be subject to a “claw back” of any cash or equity awards earned if the Company restates its financial results lower than those upon which awards were calculated (with the exception of restatements not caused by misconduct or error) to comply with generally accepted accounting principles.

Stock ownership guidelines have been established for our leadership team to ensure that management’s interests are aligned with our stockholders’ interests. The guideline for your position is five times (5x) your base salary. Ownership includes directly and beneficially owned shares, stock retained following the distribution of vested restricted stock units and earned performance share awards, and exercises of stock options, stock unit holdings under the Barnes Retirement Savings Plan (RSP) as referenced below, and stock owned through the Barnes Employee Stock Purchase Plan (ESPP) as referenced below. In addition, two-thirds of the value of unvested RSUs will be credited toward ownership guidelines. Shares granted by the Company (100% of the after-tax value of equity grants vesting, or options exercised) must be retained until you have met your ownership guidelines. Once met, your multiple of salary requirement converts into a “fixed” number of shares needed to meet that requirement. Going forward, participants must maintain, at minimum, their “fixed” number of shares while employed with the Company in an ownership designated position. While there is no specific timeframe requirement for achieving the ownership requirement, participants are expected to make steady progress and maintain ownership of any shares realized through vesting of RSUs, PSAs, and stock option exercises.

In addition to your annual salary and incentive compensation, Barnes offers a comprehensive employee benefits package, including:
▪Medical and Prescription Drug Insurance (contributory on a pre-tax cost-sharing basis).
▪Dental Insurance (contributory on a pre-tax cost-sharing basis).
▪Vision Insurance (contributory).
▪ESPP featuring a 5% discount off fair market value of Barnes stock, subject to statutory limits.
▪RSP 401(k) with a Company matching contribution of 50% on the first 6% of your pre-tax contributions. The Plan offers a wide range of investment funds to choose from.
▪4% Retirement Contribution (Company funded based on eligible earnings) deposited annually into your RSP 401(k) Account.
▪4% Retirement Contribution to the Defined Contribution Retirement Benefit Equalization Plan (DC RBEP) for eligible compensation in excess of annual IRS limits, deposited annually into your RSP 401(k) Account.
▪Participation in the Company's Executive Group Term Life Insurance Plan (EGTLIP), effective on your date of employment. EGTLIP provides a death benefit equal to four times salary up to a max of $3,000,000 (additional amounts may be available subject to medical underwriting). EGTLIP is an individual policy that you own and, as such, the policy is portable. Barnes pays the premium for as long as you remain with the Company.
▪Accidental Death and Dismemberment Insurance up to $100,000 (non-contributory).
▪Optional Employee Term Life Insurance of 1 to 6 times annual salary (contributory).
▪Optional Dependent Term Life Insurance of up to $250,000 for a spouse and up to $10,000 for each dependent child, as applicable (contributory).
▪Short-term Disability coverage, with a benefit of up to 26 weeks’ salary continuation (non-contributory).
▪Long-term Disability coverage with a benefit of 50% of covered earnings (non-contributory).

Thomas J. Hook
June 18, 2022
Page 3

▪Supplemental Long-term Disability coverage available in increments of 10% and 16 2/3% (contributory and subject to plan limits).
▪Business Travel Accident Insurance.
▪Education Assistance Program.

You will receive additional information regarding our benefit programs as part of our Onboarding process or by accessing the Benefits 360 website. Most coverage, subject to your enrollment, will become effective the first day of the month following your date of hire. Coverage under the Company’s Short-term and Long-term Disability plans begin on the first day of the calendar month following the completion of 90 days’ continuous service.

As an Officer of the Company, you are entitled to coverage for an annual executive physical and financial planning assistance. The executive physical benefit provides reimbursement for expenses associated with an annual physical examination with a provider of your choice. The financial planning benefit provides reimbursement for professional financial planning assistance, tax planning, and/or tax preparation services, up to a maximum of $8,000 (for the first year) and a maximum of $5,000 per year thereafter. There is no tax gross up associated with these benefits.

The Company provides a competitive relocation assistance program, including an allowance for incidental moving expenses of $10,000, grossed up for applicable withholding taxes, payable on your employment date. This benefit will be available to you for one year after your hire date and repayable to the Company should you voluntarily terminate your employment within one (1) year of actual relocation commencement.

You will be entitled to four (4) weeks of vacation annually and annual floating holidays in accordance with plan (pro-rated for 2022).

All prospective Barnes employees are required to pass a drug screening for the presence of illegal or unauthorized drugs. In addition, if we determine that your position may involve access to export-controlled technology (including but not limited to, positions at Barnes Aerospace facilities in the United States), for the sole purpose of complying with U.S. law regarding such technology, you may be required to provide documentary evidence that you are a “U.S. person” for purposes of U.S. export control laws, i.e., a U.S. citizen, a U.S. lawful permanent resident (green card holder), or have been and certain persons granted asylum or refugee status under 8 U.S.C. 1324b(a)(3). Acceptable forms of evidence of
U.S. person status are: (1) a United States Passport (unexpired); (2) a United States Passport Card (unexpired); (3) a Lawful Permanent Resident Card (unexpired); (4) an original or certified copy of a birth certificate issued by a U.S. government agency and bearing a seal or watermark; (5) a certificate of birth abroad or report of birth abroad; or (6) an original certificate of naturalization. If you are not a U.S. person, it will be necessary to obtain U.S. government export licenses before you can begin work, and you may be asked to provide detailed information regarding all existing and prior citizenships and countries of lawful permanent residency and other personal information necessary to support the license application process.

This offer of employment is contingent upon your drug test yielding satisfactory results as well as successful completion of reference and background checks, and, where we deem it necessary to comply with U.S. export laws, documentary evidence of U.S. person status or, if you are not a U.S. person, U.S. government approval of export licenses necessary to authorize your access to export-controlled technology. Additionally, this offer is contingent on you completing the Officer Questionnaire that Barnes requires to comply with federal securities laws.

You will be covered by the Barnes Executive Separation Pay Plan, which will provide that in the event of your covered termination of employment, not in connection with a change in control of the Company, you will receive two times your base salary and a pro-rata actual bonus, based on the number of days in which you were employed in the calendar year in which the covered termination occurs.

Thomas J. Hook
June 18, 2022
Page 4

Due to the nature of the role that is being offered to you, and in exchange for enhanced compensation and severance detailed in this letter, you will need to execute the attached agreement respecting the restrictive covenants to which you will be subject.

This letter sets forth our offer of employment and is not intended to create an expressed or implied contract of any kind, nor shall it be construed to constitute a promise or contract of lifetime or continuing employment. Your employment with Barnes is at will and may be terminated at any time, with or without cause, by either you or the Company. The terms of this offer supersede and take the place of any prior written or oral offers of employment. Barnes also has the right to change, interpret, withdraw, or add to any of the policies, benefits, terms or conditions
of employment at any time. The terms and conditions of this letter may only be amended or modified in writing by me. This offer letter is governed by the internal laws of the state of Connecticut.

If you have any questions with regard to the above, please call Dawn Edwards, Senior Vice President, Human Resources, Barnes, at (860) 324-9664 (mobile).

Tom, I would appreciate your calling me by end of day on Saturday, June 18, 2022, with your decision. In addition, to confirm your agreement with the above, please sign, date, and return the enclosed duplicate copy of this letter to Dawn Edwards by end of the day June 18, 2022, to indicate your acceptance of this offer.

I look forward to you joining the Barnes senior leadership team and contributing to the growth, profitability and overall success of the Company.

Sincerely,

/s/ Thomas O. Barnes
Thomas O. Barnes 
Chairman of the Board
Barnes

Agreed to and accepted:

						
	/s/ Thomas J. Hook
Thomas J. Hook
	June 18, 2022
DateDocument

Exhibit 10.2

BARNES GROUP INC.

NON-DISCLOSURE, NON-COMPETITION, NON-SOLICITATION AND NON- DISPARAGEMENT AGREEMENT

In consideration of your hire and appointment to President and Chief Executive Officer with Barnes Group Inc. (the "Company"), and the severance and other enhanced compensation and benefits set forth in the Offer Letter between you and the Company, dated June 18, 2022 (the "Offer Letter"), and for other good and valuable consideration, the receipt and sufficiency of which you hereby acknowledge, you agree to this Employee Non-Disclosure, Non-Competition, Non-Solicitation and Non-Disparagement Agreement (this "Agreement").
1.Unauthorized Disclosure. You agree and understand that in your position with the Company, you have been and will be exposed to and receive information relating to the business affairs of the Company, including but not limited to technical information, business and marketing plans, strategies, customer information, other information concerning the Company's products, promotions, development, financing, expansion plans, business policies and practices, and other forms of information considered by the Company to be confidential and in the nature of trade secrets. You agree that during your employment and thereafter, you shall keep such information confidential and not disclose such information, either directly or indirectly, to any third person or entity without the prior written consent of the Company (unless such information is otherwise in the public domain through no fault of yours); provided, however, that nothing in this Section 1 shall prevent you, with or without the Company's consent, from (i) providing truthful testimony or otherwise cooperating in good faith with any investigation related to the business activities and practices of the Company and its officers and agents being conducted by a duly authorized agency of the federal or any state or local government or any duly appointed agent of the Board or any committee thereof or (ii) disclosing documents or information (a) in the performance of your duties hereunder to persons having commercial relationships or dealings with the Company, so long as such disclosure is made by you (or at your direction) in the good faith belief that it is in the best interests of the Company and such disclosure is not contrary to any direction of the Board or any committee thereof or internal or external legal counsel to the Company and (b) in connection with any judicial or administrative investigation, inquiry or proceeding, provided that you are compelled to do so by court order or subpoena and notifies the Company as soon as practicable after the receipt of such court order or subpoena (it being understood and agreed that no such order or subpoena shall be required in connection with an inquiry or proceeding that is described in subclause (i) above). This confidentiality covenant has no temporal, geographical or territorial restriction. Upon termination of your employment, you shall promptly supply to the Company all property, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data or any other tangible product or document in your actual or constructive possession at the end of your employment.

			
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2.Non-Competition. In consideration of your hire and appointment to President and Chief Executive Officer of the Company and the severance and other enhanced compensation and other benefits set forth in the Offer Letter, and further in consideration of your exposure to the proprietary information of the Company, you agree that you shall not, during your employment and for a period of two (2) years thereafter (the “Restriction Period”), directly or indirectly, own, manage, operate, join, control, be employed by, or participate in the ownership, management, operation or control of or be connected in any manner, including but not limited to, holding the position of shareholder, director, officer, consultant, independent contractor, employee, partner, or investor, with any Competing Enterprise. For purposes of this Section 2, the term "Competing Enterprise" shall mean any person, corporation, partnership, or other entity engaged in a business which is in direct competition with any business of the Company or any of its affiliates at the relevant time (or during Restriction Period, at the date of termination of employment); provided that, the direct or indirect parent of any entity that is in direct competition with the Company shall be considered to be in direct competition with the Company, but that nothing herein shall preclude you from providing services to an entity affiliated with, but not directly or indirectly controlling or controlled by an entity that is in direct competition with the Company so long as you do not, directly or indirectly, provide any services, advise or other assistance to such competing entity.
3.Non-Solicitation of Customers. You agree that during the Restriction Period, you shall not intentionally or knowingly, directly or indirectly, (i) interfere with the Company's or any of its affiliates' relationship with, or endeavor to entice away from the Company or any of its affiliates, any individual, person, firm, corporation or other business entity who at any time during your employment was a customer of the Company or any of its affiliates or otherwise had a material business relationship with the Company or any of its affiliates, or (ii) discourage, or attempt to discourage, any individual, person, firm, corporation or business entity from doing business with the Company or any of its affiliates.
4.Non-Solicitation of Employees. You agree that during your employment and for a period of two (2) years thereafter, you will not intentionally or knowingly, directly or indirectly, (i) interfere with the Company's or any of its affiliates' relationships with, or endeavor to entice away from the Company or any of its affiliates, (ii) solicit for employment, or (iii) hire any person who is an employee (or, within the immediately preceding 90 days, was an employee) of the Company or any of its affiliates and who was an employee of the Company or any of its affiliates at the date of your termination of employment (or during the 90-day period immediately prior thereto).
5.Non-Disparagement. You agree that you shall not disparage the Company or its affiliates, or its or their current or former officers, directors, and key employees in any way; further, you shall not make or solicit any comments, statements, or the like to the media or to others that would be considered derogatory or detrimental to the good name or business reputation of any of the aforementioned entities or individuals; provided, that this Section 5 shall not prohibit statements which you are required to make under oath or which are otherwise required by law, provided that such statements are truthful and made in a professional manner. The Company agrees that it shall not, and that it will direct its directors and executive officers not to, disparage you in any way, and that the Company shall not, and it will direct its directors and executive

			
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officers not to, make or solicit any comments, statements, or the like to the media or to others that would be considered derogatory or detrimental to your good name or business reputation; provided, that this Section 5 does not prohibit statements which (i) the Company or any of its officers, directors, employees, affiliates or advisors are required to make under oath or are otherwise required by law, (ii) re required to comply with the rules of the New York Stock Exchange or any other similar exchange or automated trading system on which any of the Company's securities are listed, or (iii) are, in the opinion of counsel for the Company, necessary to comply with the Company's disclosure obligations to its stockholders, provided that in any case such statements are truthful and made in a professional manner.
6.Remedies. You agree that (1) any breach of the terms of Sections I, 2, 3, 4, or 5 of this Agreement would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; (ii) in the event of said breach or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by you and/or any and all persons and/or entities acting for and/or with you, without having to prove damages, and to all costs and expenses, including reasonable attorneys' fees and costs, in addition to any other remedies to which the Company may be entitled at law or in equity and (iii) notwithstanding any other terms in this Agreement or applicable stock plans, in the event of said breach, all (a) vested and unvested stock options, and (b) restricted shares, restricted stock units and performance share units which have not yet been earned, in each case were granted to you after the Commencement Date (as defined in the Offer Letter), shall immediately expire and shall no longer be exercisable after such breach. The terms of this Section 6 shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including but not limited to the recovery of damages from you. You and the Company further agree that the provisions of this Section 6 are reasonable and the Company would not have agreed to provide you with the severance and other enhanced compensation and other benefits set forth in the Offer Letter but for their inclusion herein.
7.Survival; Breach Not a Defense. The provisions of this Agreement shall survive any termination of your employment, and the existence of any claim or cause of action by you against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements of this Agreement.
8.Severability. If any provision of this Agreement is adjudicated to be overbroad, invalid or unenforceable, the court may modify or sever such provision(s), such modification or deletion to apply only with respect to the operation of such provision(s) in the particular jurisdiction in which such adjudication is made. In addition, if any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it so as to be enforceable to the extent compatible with the applicable law as it shall then appear. The remaining provisions of this Agreement shall remain in full force and effect. You agree that the parties shall request that a court of competent jurisdiction not invalidate or ignore the terms of this Agreement, but instead honor this provision by reforming or modifying any overbroad or otherwise invalid terms

			
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to the extent necessary to render the terms valid and enforceable and then enforcing the Agreement as so reformed or modified.
9.Waiver, Amendment, Assignment, Successors. The terms of this Agreement are to be read consistent with the terms of any other agreements that you have executed with the Company; provided, however, to the extent there is a conflict between such agreements, such agreements shall be construed as providing the broadest possible protections to the Company, even if such construction would require provisions of more than one such agreement to be given effect. No waiver of this Agreement will be effective unless it is in writing and signed by the Company. This Agreement may not be superseded or amended by any other agreement between yourself and the Company unless such agreement specifically and expressly states that it is intended to supersede this Agreement and is signed by both the Company and you. You recognize and agree that your obligations under this Agreement are of a personal nature and are not assignable or delegable in whole or in part by you. The Company may assign this Agreement to any affiliate or to any successor-in-interest (whether by sale of assets, sale of stock, merger or other business combination). All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective heirs, executors, administrators, legal representatives, successors and permitted assigns of the Company and you.
10.Effectiveness of Agreement. This Agreement becomes effective upon the Commencement Date. The obligations under this Agreement continue throughout the entire period of time you are employed by the Company, and these obligations will continue after, and survive, the termination of your employment with the Company.
11.Arbitration. Any claim, demand or controversy under this Agreement shall be submitted first to a mediator in accordance with the rules of the American Arbitration Association ("AAA") by submitting a mediation request to the other party within 30 days of the date of the breach. The mediation process shall conclude upon the earlier of: (a) the resolution of the dispute; (b) a determination by either the mediator or one or more of the parties that all settlement possibilities have been exhausted and there is no possibility of resolution; or (c) 30 days have passed since the filing of a request to mediate with the AAA. A party who has previously submitted a dispute to mediation, and which dispute has not been resolved, may submit such dispute to binding arbitration pursuant to the rules of the AAA. Any arbitration proceeding for such dispute must be initiated within 14 days from the date that the mediation process has concluded. The prevailing party shall recover its costs and reasonable attorney's fees incurred in such arbitration proceeding. You and the Company specifically understand and agree that the failure of a party to timely initiate a proceeding hereunder shall bar the party from any relief or other proceeding and any such dispute shall be deemed to have been finally and completely resolved. All mediation and arbitration proceedings shall be conducted in Bristol, Connecticut or such other location as the Company may determine and you agree that no objection shall be made to such jurisdiction or venue, as a forum non conveniens or otherwise. The arbitrator's authority shall be limited to resolution of the legal disputes between the parties and the arbitrator shall not have authority to modify or amend this Agreement, or abridge or enlarge rights available under applicable law. Any court with jurisdiction over the parties may enforce any award made hereunder.

			
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12.Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut without regard to its principles of conflicts of law. You hereby consent to personal jurisdiction in the federal and state courts of the State of Connecticut for the resolution of all disputes arising under, or relating to, this Agreement.

Agreed and Acknowledged

						
	/s/ Thomas J. Hook
Name: Thomas J. Hook
	June 18, 2022
Date

Barnes Group Inc.

/s/ Dawn N. Edwards 
By:    Name: Dawn N. Edwards
Title: Sr. Vice President, Human Resources Date: June 18, 2022
			
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