Document:

Exhibit

Exhibit 10.2

ASSIGNMENT AND AMENDMENT NO. 1
 TO
 AIRCRAFT TIME SHARING AGREEMENT

Dated as of the 29th day of May, 2019,
Among
QUEST DIAGNOSTICS CLINICAL LABORATORIES, INC.,
as Time Share Lessor

QUEST DIAGNOSTICS INCORPORATED,
as Assignor

and
STEPHEN H. RUSCKOWSKI,
as Time Share Lessee,

concerning the aircraft listed in
Exhibit B hereto

* * *

INSTRUCTIONS FOR COMPLIANCE WITH
“TRUTH IN LEASING” REQUIREMENTS UNDER FAR § 91.23

Within 24 hours after execution of this Agreement:
mail a copy of the executed document to the
following address via certified mail return receipt requested:

Federal Aviation Administration
Aircraft Registration Branch
ATTN: Technical Section
P.O. Box 25724
Oklahoma City, Oklahoma  73125

At least 48 hours prior to the first flight of any aircraft subject to this Agreement:
provide notice, using the FSDO Notification Letter in Exhibit A,
of the departure airport and the proposed time of departure of the
first flight, by facsimile, to the Flight Standards
District Office located nearest the departure airport.

Carry a copy of this Agreement in the aircraft at all times.

* * *

1

Exhibit 10.2

This ASSIGNMENT AND AMENDMENT NO. 1 TO AIRCRAFT TIME SHARING AGREEMENT (“Amendment No. 1”) is made and effective as of the 29th day of May, 2019 (the “Effective Date”) by and among QUEST DIAGNOSTICS INCORPORATED, a Delaware corporation (“Assignor”), QUEST DIAGNOSTICS CLINICAL LABORATORIES, INC., a Delaware corporation (“Time Share Lessor”) and STEPHEN H. RUSCKOWSKI (“Time Share Lessee”).

W I T N E S S E T H:

WHEREAS, Assignor and Time Share Lessee have previously entered into that certain Aircraft Time Sharing Agreement (the “Agreement”) dated as of December 17, 2013, relating to the lease from Assignor to Time Share Lessee of a Dassault Falcon 2002 aircraft bearing U.S. registration number N455DX and manufacturer’s serial number 146 (the “Aircraft N455DX”);

WHEREAS, Assignor terminated its interest in Aircraft N455DX on April 23, 2019;

WHEREAS, Time Share Lessor has entered into that certain Aircraft Lease (S/N 216) dated as of December 27, 2018 (the “Lease”) with PNC Equipment Finance, LLC (“PNC”) relating to the lease by PNC to Time Share Lessor of a Dassault Falcon 2000EX aircraft bearing manufacturer’s serial number 216;

WHEREAS, the parties hereto have agreed to assign and amend the Agreement by (i) assigning the rights and obligations of Assignor thereunder to Time Share Lessor and (ii) replacing Aircraft N455DX with the aircraft listed in Exhibit B hereto as the “Aircraft” for the purposes of the Agreement.

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

		
	1.
	Definitions.   Except as otherwise defined herein, capitalized terms used in this Amendment without definition will have the respective meanings ascribed thereto in the Agreement.

		
	2.
	Assignment and Assumption.  

		
	2.1
	Assignment.  Assignor does hereby convey, assign, transfer and set over to Time Share Lessor, as of the date hereof, free and clear of any and all liens and encumbrances, all of Assignor’s right, title and interest in the Agreement together with all other documents and instruments evidencing any of such right, title and interest and all documents, instruments, notices and reports delivered to Assignor in connection with the Agreement.  Assignor does hereby transfer and delegate to Time Share Lessor all duties, liabilities and obligations of “Time Share Lessor” arising under the Agreement and to be performed on or after the date hereof.

		
	2.2
	Assumption.  Time Share Lessor hereby (i) accepts the assignment, conveyance, transfer and delegation set forth in Section 2.1 hereof, (ii) assumes and undertakes all of the liabilities and obligations of “Time Share Lessor” arising under the Agreement and to be performed on or after the date hereof, and (iii) confirms that it shall be deemed the “Time Share Lessor” for all purposes under the Agreement and shall be bound by all of the terms of the Agreement on and after the date hereof.

2

Exhibit 10.2

		
	2.3
	Release of Assignor.  Time Share Lessor and Time Share Lessee agree that, from and after the date hereof, Assignor shall be released from all of its duties, obligations and liabilities under the Agreement.

		
	3.
	Amendments.  The parties hereto agree that the Agreement is hereby amended with effect from

the date hereof as follows:

		
	3.1
	The Aircraft.  In each place that it appears in the Agreement, including but not limited to in the definition of “Airframe”, the description of the aircraft as a “Dassault Falcon 2000 aircraft bearing U.S. registration number N455DX, and manufacturer’s serial number 146” is deleted in its entirety and shall be replaced with “the aircraft listed in Exhibit B hereto”.

		
	3.2
	The Engines.  The definition of “Engines” is deleted in its entirety and replaced with the following:

““Engines” means any engine which may be, from time to time, attached to an aircraft listed in Exhibit B hereto.” 

		
	3.3
	Flight Charges.  Section 6.2.10 is amended by deleting “6.1” and inserting in lieu thereof “6.2.1”.

3.4    Title and Registration.  Section 10 is deleted in its entirety.

		
	3.5
	Assignment.  Section 19 is amended by inserting the following wording at the end thereof: “without the consent of the parties hereto.”

		
	3.6
	Exhibit A.  Exhibit A is deleted in its entirety and a substitute Exhibit A as attached hereto shall be inserted in lieu thereof.

		
	3.7
	Exhibit B.  A new Exhibit B as attached hereto shall be inserted in the Agreement following Exhibit A.

		
	4.
	Continued Effect.  Except as expressly amended hereby, the Agreement remains in full force and

effect, and each of the parties hereto hereby expressly affirms its respective obligations thereunder 
notwithstanding this Amendment.

5.    Governing Law.  This Amendment has been negotiated and delivered in the State of New Jersey 
and shall in all respects be governed by, and construed in accordance with, the laws of the State of New Jersey, including all matters of construction, validity and performance, without giving effect to its conflict of laws provisions.

6.    Counterparts.  This Amendment may be executed by the parties hereto in two (2) or more 
separate counterparts, each and all of which when so executed shall be an original, and all of which shall together constitute but one and the same instrument.

7.    Truth in Leasing.  

TIME SHARE LESSOR HEREBY CERTIFIES THAT, DURING THE TWELVE (12) MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT, THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED IN ACCORDANCE WITH THE PROVISIONS OF FAR 91.409.

3

Exhibit 10.2

THE PARTIES HERETO CERTIFY THAT DURING THE TERM OF THIS AGREEMENT AND FOR OPERATIONS CONDUCTED HEREUNDER, THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN ACCORDANCE WITH THE PROVISIONS OF FAR 91.409.

TIME SHARE LESSOR ACKNOWLEDGES THAT WHEN IT OPERATES THE AIRCRAFT ON BEHALF OF TIME SHARE LESSEE UNDER THIS AGREEMENT, TIME SHARE LESSOR SHALL BE KNOWN AS CONSIDERED, AND IN FACT WILL BE THE OPERATOR OF THE AIRCRAFT AND SOLELY RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT.  EACH PARTY HERETO CERTIFIES THAT IT UNDERSTANDS THE EXTENT OF ITS RESPONSIBILITIES, SET FORTH HEREIN, FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE.

THE PARTIES HERETO CERTIFY THAT A TRUE COPY OF THIS AGREEMENT SHALL BE CARRIED ON THE AIRCRAFT AT ALL TIMES, AND SHALL BE MADE AVAILABLE FOR INSPECTION UPON REQUEST BY AN APPROPRIATELY CONSTITUTED AND IDENTIFIED REPRESENTATIVE OF THE ADMINISTRATOR OF THE FAA.

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first above written.

ASSIGNOR:

QUEST DIAGNOSTICS INCORPORATED

By:  _______________________________
        Name: Cecilia K. McKenney
        Title:   Senior Vice President

TIME SHARE LESSOR:

QUEST DIAGNOSTICS CLINICAL LABORATORIES, INC.

By: _______________________________
      Name: Cecilia K. McKinney
      Title:   Senior Vice President

TIME SHARE LESSEE:

By: _______________________________
             Name: Stephen H. Rusckowski

4

Exhibit 10.2

EXHIBIT A

FSDO Notification Letter

Date: _________________
Via Facsimile
Fax: __________________

Federal Aviation Administration
__________________________
__________________________
__________________________

RE: FAR Section 91.23 FSDO Notification
       First Flight Under Time Sharing Agreement

To whom it may concern:

Pursuant to the requirements of Federal Aviation Regulation Section 91.23(c)(3), please accept this letter as notification that the first flight of the aircraft under a Time Sharing Agreement will depart from ____________ Airport on [date], at approximately ____ [am/pm] local time.

Should you require any additional information, please contact our pilot, [name], at telephone: _________________.

Sincerely,

QUEST DIAGNOSTICS CLINICAL LABORATORIES, INC.

By: _________________________________
Print:  _______________________________                
Title:  _______________________________

5

Exhibit 10.2

EXHIBIT B

The aircraft subject to this agreement are as follows:

		
	Aircraft #1:
	Dassault Falcon 2000EX

U.S. Registration Number: N197DX
Manufacturer’s Serial Number: 216

		
	Aircraft #2:     
	Pilatus PC-12

U.S. Registration Number N432CV
Manufacturer’s Serial Number 119

		
	Aircraft #3:     
	Pilatus PC-12

U.S. Registration Number N120QD
Manufacturer’s Serial Number 120

		
	Aircraft #4:     
	Pilatus PC-12

U.S. Registration Number N74AX
Manufacturer’s Serial Number 149

		
	Aircraft #5:     
	Pilatus PC-12

U.S. Registration Number N338QD
Manufacturer’s Serial Number 338

		
	Aircraft #6:    
	Pilatus PC-12

U.S. Registration Number N465PC
Manufacturer’s Serial Number 465

		
	Aircraft #7:
	Pilatus PC-12

U.S. Registration Number N26VW
Manufacturer’s Serial Number 478

		
	Aircraft #8:
	Pilatus PC-12

U.S. Registration Number N567FH
Manufacturer’s Serial Number 567

		
	Aircraft #9:
	Pilatus PC-12

U.S. Registration Number N589AC
Manufacturer’s Serial Number 589

		
	Aircraft #10:
	Pilatus PC-12

U.S. Registration Number N687QD
Manufacturer’s Serial Number 687

		
	Aircraft #11:
	Embraer Phenom 100

U.S. Registration Number N208DX
Manufacturer’s Serial Number 50000097

		
	Aircraft #12:
	Embraer Phenom 100

U.S. Registration Number N288DX
Manufacturer’s Serial Number 500000166

6

Exhibit 10.2

		
	Aircraft #13:
	Embraer Phenom 100

U.S. Registration Number N648DX
Manufacturer’s Serial Number 500000176

		
	Aircraft #14:
	Embraer Phenom 100

U.S. Registration Number N649DX
Manufacturer’s Serial Number 500000194

		
	Aircraft #15:
	Embraer Phenom 100

U.S. Registration Number N899DX
Manufacturer’s Serial Number 500000216

7EX-10.1

 Exhibit 10.1 
  

 
 Edward Spehar
 [Address] 

Dear Ed, 
 I am excited to invite you to join Brighthouse
Financial, Inc. (together with its corporate affiliates, “Brighthouse Financial”) in the role of Chief Financial Officer (“CFO”), and I look forward to your contributions to the success of our organization. In your new role, you
will report to Eric Steigerwalt, at an initial annual base salary of $600,000 payable bi-weekly. Based on our discussions and provided you successfully complete the remainder of our pre-employment process, we anticipate your first day of employment will be on July 29, 2019, and that you would assume the role of CFO, effective August 12, 2019. Upon joining our organization, you will be
employed by Brighthouse Services, LLC (the “Company”) and your work location will be Charlotte, NC.
 Your total compensation opportunity includes
your base salary, and annual short-term and long-term incentives. The annual short-term incentive target opportunity for which you will initially be considered is 140% of your annualized base salary, and the long-term incentive target opportunity
target for which you will initially be considered is $1,050,000. The annual short-term incentive award for which you will be considered will be prorated based on the number of months worked during this year. You will be eligible for an annual
long-term incentive award for this performance year. All awards are discretionary, with no amounts or targets guaranteed, and they are subject to individual performance and Brighthouse Financial’s achievement of performance goals. Awards are
generally made by the middle of March following the performance year. You must be actively employed on the date of any payments or grants, as determined by the applicable plan or program, to receive such awards. 

You will receive a one-time cash sign-on payment of $597,900 which will be
paid to you in the first paycheck following 30 completed calendar days of service. In the event that you voluntarily terminate your employment for any reason whatsoever or your employment is terminated for cause before the first anniversary of the
date you begin employment, you will repay the full amount of this payment to the Company to the extent permissible under law. 
 If you become employed by
the Company, you will receive the following: a grant of Restricted Stock Units (“RSUs”) in the amount of $197,000 that vest on the first anniversary of the grant date, plus an additional grant of RSUs in the amount of $330,300 that vest on
the third anniversary of the grant date, each in a number of RSUs determined based on the value of common stock of Brighthouse Financial, Inc. at market close on the grant date, subject to applicable Compensation Committee and other approvals and
the other terms described below. We expect these RSUs to be granted on or about September 3, 2019 (subject to your continuous employment through the grant date). The RSUs will be subject to cliff vesting per the above listed timelines and
will be calculated from the grant date. You must remain continuously employed at Brighthouse during this vesting period. The RSUs will be subject to the terms of the Restricted Stock Unit Agreement and applicable Stock and Incentive Compensation
Plan. In no event will payment be made on a date later than March 1st of the year after vesting. 

 The above will be granted, paid or delivered provided you remain continuously employed by the Company and in
good standing through each such grant, payment and vesting date. If you are not actively employed by the Company for any reason on the dates noted above, other than an involuntary termination not for cause, you will forfeit any ungranted or
unpaid amounts. Note that these awards or payments are not eligible for deferral into any non-qualified deferred compensation plan and will be taxed as wages as and when paid to you, as further described
below. 
 You will be eligible for relocation benefits identified in and pursuant to the terms of the applicable Company Relocation Policy. Upon receipt of
your signed acceptance of this offer, the Company will authorize our designated relocation management firm to contact you to discuss available benefits and guide you through the relocation process. To ensure you qualify for relocation benefits,
please do not contact or sign any agreement with a real estate agent for home sale or home purchase until you are contacted by the Company’s relocation vendor. Please note that under the applicable Company Relocation Policy you may be required
to reimburse all or a portion of relocation assistance paid by the Company in accordance with the terms of the relocation agreement. 
 The Company has a
competitive and comprehensive array of benefits designed to provide eligible employees with choice and flexibility. You will be eligible for healthcare and dental coverage, flexible spending accounts, disability income benefits, group life
insurance, and 401(k) and profit-sharing plans, as well as several voluntary programs such as legal services and commuter benefits. Your participation in the Company’s benefit programs are subject to the terms of each benefit plan. More
specific information about your benefits will be delivered shortly after your employment date. If you are a prior MetLife employee, you acknowledge that you will not be given credit for any prior years of service with MetLife or any MetLife
affiliate for any purpose whatsoever. 
 Income taxes, including employment taxes, will be withheld and deposited as appropriate to each payment type
described in this letter. Please review the specific information that will be provided to you regarding each type of award or program described in this letter, because tax consequences can vary depending on the type of payment. 

In a full calendar year, you will be eligible for 25 paid time off (PTO) days. You will be eligible for a prorated value of 13 PTO days through the balance of
2019. In addition, you will be eligible for 12 paid holidays; holiday schedules will vary based on the department and/or calendar dates of the holidays. If fewer than 12 holidays are observed in each calendar year, the remaining number will be
converted into floating holidays. The Company’s Paid Time Off (PTO) and Holiday policies contain additional information concerning conditions for eligibility, use and payment of PTO and holidays. 

This offer, and the provision or receipt of any benefits described in this offer, is contingent on your successful completion of the Company’s pre-employment processes, including a satisfactory background check, which may include fingerprinting, professional reference checks, and any other validations as deemed relevant or necessary. This offer is
subject to withdrawal if, among other circumstances, the background check, reference checks or other validations do not meet Company requirements. In addition, this offer is contingent upon: (1) your execution of the Company’s Agreement to
Protect Corporate Property that includes, among other things, certain restrictions on your ability to use or disclose Brighthouse Financial’s confidential information or to solicit Brighthouse Financial’s customers, employees or agents
after your employment with the Company ends; and (2) your acknowledgment and agreement to Brighthouse Financial’s Insider Trading Policy, Antitrust Policy (if applicable), and Code of Conduct. 

  
 2 

 This offer of employment is based on our confidence that your employment with the Company will be a mutually
rewarding and enriching experience, but it is not an employment contract, and does not represent a guarantee of continued employment for any period of time. Employment at the Company is “at will,” which means that either you or the Company
may terminate the relationship at any time with or without cause or notice. 
 Ed, I look forward to you formally accepting our job offer, and I am
confident you will be a great addition to the team. There are many opportunities to contribute to the achievement of our vision and strategic objectives. 

Please accept this offer by signing below. 
 Please feel free to
give me a call with any questions that you may have at 980-949-xxxx. 

Sincerely,      
 /s/ Vonda
Huss                                        

 Vonda Huss 
 Chief Human Resources Officer 

Accepted: 
  

					
	 /s/ Edward Spehar
	 	    	  	 July 24, 2019

	Edward Spehar	 		  	Date

  
 3

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