Document:

exv10w11w6

 

Exhibit 10.11.6

AMENDMENT NO. 2

TO

TRINITY INDUSTRIES, INC.

2004 STOCK OPTION AND INCENTIVE PLAN

     WHEREAS, TRINITY INDUSTRIES, INC. (the “Company”) adopted the TRINITY INDUSTRIES, INC. 2004
STOCK OPTION AND INCENTIVE PLAN (the “Plan”); and

     WHEREAS, pursuant to Section 24 of the Plan, the Board reserved the right to amend any
provision of the Plan; and

     WHEREAS, Section 27 of the Plan was previously amended by Amendment No. 1 to the Plan to allow
greater flexibility to Participants who are subject to tax withholding obligations related to
Awards under the Plan; and

     WHEREAS, the Board has determined that it is appropriate to further amend Section 27 of the
Plan to address the tax withholding obligations related to Awards under the Plan;

     NOW, THEREFORE, the Plan is amended as follows, effective on the date of adoption of this
Amendment No. 2 by the Board:

I.

     Amendment No. 1 to the Plan is hereby revoked and withdrawn in its entirety, eliminating
paragraphs (c) and (d) of Section 27.

II.

     Section 27 of the Plan entitled “Tax Withholding and 83(b) Election” is amended in its
entirety to read as follows:

     (a) The amount, as determined by the Committee, of the minimum required statutory
federal, state, or local tax required to be withheld by the Company attributable to amounts
payable or Shares deliverable under the Plan shall be satisfied, at the election of the
recipient of the Award, but subject to the consent of the Committee, either (i) by payment
by the recipient to the Company of the amount of such withholding obligation in cash (the
“Cash Method”); (ii) in the case of Awards payable in cash, through retention by the Company
of cash equal to the amount of such withholding obligation; or (iii) in the case of Awards
deliverable in Shares, through the retention by the Company of a number of Shares having a
Fair Market Value equal to the amount of such withholding obligation (the “Share Retention
Method”). The cash payment or the amount equal to the Fair Market Value of the Shares so
withheld, as the case may be, shall be remitted by the Company to the appropriate taxing
authorities. The Committee shall determine the time and manner in which the recipient may
elect to satisfy a withholding obligation by either the Cash Method or the Share Retention
Method. Notwithstanding anything else in the

 

 

Plan or Award to the contrary, any recipient
of an Award under the Plan who is subject to
Section 16 of the Securities Exchange Act of 1934 shall satisfy such withholding
obligation under this Section 27 by the Share Retention Method, and neither the Company nor
the Committee shall have any discretion to permit the satisfaction of such withholding
obligation by any other means.

     (b) Unless otherwise expressly provided in the Award, if a holder is granted an Award
subject to a “substantial risk of forfeiture” as defined in Section 83 of the Code and
related regulations, then such holder may elect under Section 83(b) of the Code to include
in his gross income, for his taxable year in which the Award is granted to such holder, the
excess of the Fair Market Value (determined without regard to any restriction other than one
which by its terms will never lapse), of such Award at the date of grant, over the amount
(if anything) paid for such Award. If the holder makes the Section 83(b) election described
above, the holder shall (i) make such election in a manner that is satisfactory to the
Committee, (ii) provide the Committee with a copy of such election, (iii) agree to promptly
notify the Company if any Internal Revenue Service or state tax agent, on audit or
otherwise, questions the validity or correctness of such election or of the amount of income
reportable on account of such election, and (iv) agree to pay to the Company the minimum
required statutory federal, state, or local tax required to be withheld by the Company.

III.

     Section 27 of the Plan entitled “Indemnification” is amended to be renumbered as Section 28.

IV.

     In all other respects, the terms of the Plan are ratified and confirmed.

Executed this 4th day of March, 2008.

	 	 	 	 	 
	 	TRINITY INDUSTRIES, INC.

 	 
	 	By:  	/s/ Timothy R. Wallace
 	 
	 	Name:  	Timothy R. Wallace 	 
	 	Title:  	Chairman, President and CEOexv10w2

 

Exhibit
10.2

 

Spirit

AeroSystems

Holdings, Inc.

Amended and

Restated
Director

Stock Plan

 

April 1, 2008 

 

 

SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED DIRECTOR STOCK PLAN

Table of Contents

	 	 	 	 	 	 	 	 	 
	 	 	 	Page	 
	 	 	 	 	 
	ARTICLE I — PURPOSE
	 	 	1	 
	 	 	 	 	 
	Section 1.01. Purpose
	 	 	1	 
	 	 	 	 	 
	ARTICLE II — DEFINITIONS
	 	 	1	 
	 	 	 	 	 
	Section 2.01. Affiliated Company
	 	 	1	 
	Section 2.02. Beneficiary
	 	 	2	 
	Section 2.03. Board of Directors
	 	 	2	 
	Section 2.04. Committee
	 	 	2	 
	Section 2.05. Company
	 	 	2	 
	Section 2.06. Companies
	 	 	2	 
	Section 2.07. Director
	 	 	2	 
	Section 2.08. Discretionary Grant
	 	 	2	 
	Section 2.09. Elective Grant
	 	 	2	 
	Section 2.10. Effective Date
	 	 	2	 
	Section 2.11. Grant Agreement
	 	 	2	 
	Section 2.12. Grant Date
	 	 	2	 
	Section 2.13. Mandatory Grant
	 	 	2	 
	Section 2.14. Market Value
	 	 	2	 
	Section 2.15. Meeting Date
	 	 	3	 
	Section 2.16. Participant
	 	 	3	 
	Section 2.17. Person
	 	 	3	 
	Section 2.18. Plan
	 	 	3	 
	Section 2.19. Restricted Shares
	 	 	3	 
	Section 2.20. Restricted Stock Unit or RSU
	 	 	3	 
	Section 2.21. Separation from Service
	 	 	3	 
	Section 2.22. Share
	 	 	3	 
	Section 2.23. Spirit
	 	 	3	 
	Section 2.24. Sole Discretion
	 	 	4	 
	Section 2.25. Valuation Date
	 	 	4	 
	 	 	 	 	 
	ARTICLE III — ELIGIBILITY
	 	 	4	 
	 	 	 	 	 
	Section 3.01. Eligibility
	 	 	4	 
	 	 	 	 	 
	ARTICLE IV — GRANTS OF SHARES AND RESTRICTED STOCK UNITS
	 	 	4	 
	 	 	 	 	 
	Section 4.01. Grants of Shares and RSUs
	 	 	4	 
	Section 4.02. One-Year Service Condition
	 	 	5	 

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	Section 4.03. Participant Elections
	 	 	5	 
	Section 4.04. Restricted Stock Units
	 	 	6	 
	Section 4.05. Dividends
	 	 	6	 
	Section 4.06. No Rights of Stockholder
	 	 	6	 
	Section 4.07. Legend
	 	 	6	 
	 	 	 	 	 
	ARTICLE V — BENEFITS WITH RESPECT TO RESTRICTED STOCK UNITS
	 	 	7	 
	 	 	 	 	 
	Section 5.01. RSU Benefits
	 	 	7	 
	Section 5.02. Payment of RSU Benefits
	 	 	7	 
	Section 5.03. Beneficiary
	 	 	7	 
	Section 5.04. Source of Benefits
	 	 	8	 
	 	 	 	 	 
	ARTICLE VI — ADMINISTRATION
	 	 	8	 
	 	 	 	 	 
	Section 6.01. Committee
	 	 	8	 
	Section 6.02. Reliance on Certificates, etc.
	 	 	9	 
	 	 	 	 	 
	ARTICLE VII — AMENDMENT AND TERMINATION
	 	 	9	 
	 	 	 	 	 
	Section 7.01. Amendment and Termination
	 	 	9	 
	 	 	 	 	 
	ARTICLE VIII — MISCELLANEOUS
	 	 	10	 
	 	 	 	 	 
	Section 8.01. Effective Date
	 	 	10	 
	Section 8.02. Payments Net of Withholding
	 	 	10	 
	Section 8.03. Binding on Successors
	 	 	10	 
	Section 8.04. Governing Law
	 	 	10	 
	Section 8.05. Headings
	 	 	11	 
	Section 8.06. Notices
	 	 	11	 
	Section 8.07. Severability
	 	 	11	 
	Section 8.08. No Right to Serve as a Director
	 	 	11	 
	Section 8.09. Government and Other Regulations
	 	 	11	 
	Section 8.10. Nonexclusivity of the Plan
	 	 	11	 
	Section 8.11. Conditions and Restrictions on Shares
	 	 	11	 
	Section 8.12. No Acceleration
	 	 	11	 

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SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED DIRECTOR STOCK PLAN

     W I T N E S S E T
H: That;

     WHEREAS, the Company sponsors and maintains the Spirit AeroSystems Holdings, Inc. Director
Stock Plan, pursuant to which Participants may acquire shares of common stock in the Company
subject to the terms and conditions set forth in the Plan; and

     WHEREAS, it has become desirable to amend and restate the Plan in its entirety; and

     WHEREAS, the Board of Directors of the Company has reviewed the terms and provisions of this
amended and restated Plan and found them satisfactory.

     NOW, THEREFORE, the Company hereby adopts this amended and restated Plan on the terms and
conditions set forth herein, which Plan will be known as the “Spirit AeroSystems Holdings, Inc.
Amended and Restated Director Stock Plan” (the “Plan”).

ARTICLE
I – PURPOSE

     Section 1.01. Purpose. The purpose of the Plan is to provide Participants with the
opportunity to acquire an interest in the value of the Company through grants of Shares and/or
Restricted Stock Units, subject to the conditions and restrictions set forth in the Plan. The
maximum aggregate number of Shares and Restricted Stock Units that may be granted to Participants
under the Plan is 3,000,000 (taking into account any split-adjusted stock issued under this Plan
before the Effective Date of this restatement).

ARTICLE
II – DEFINITIONS

     For purposes of the Plan, the following terms will have the following meanings, unless the
context clearly indicates otherwise.

     Section 2.01. Affiliated Company means each entity that has a relationship to the
Company as described by Section 414(b), (c), or (m) of the Code.

     For purposes of determining whether a Participant has incurred a Separation from Service, the
foregoing provisions of Code Sections 414(b) and 414(c) will be applied by substituting the phrase
“more than 50%” for the phrase “at least 80%” in each place it appears in Code Section 1563(a)(1),
(2), and (3) and in each place it appears in Treasury Regulation Section 1.414(c)-2.

     Section 2.02. Beneficiary means the person(s) or entity(ies) determined under Section
5.03.

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     Section 2.03. Board of Directors means the board of directors of the Company.

     Section 2.04. Committee means the Board of Directors or a committee appointed by, and
serving at the pleasure of, the Board of Directors for purposes of administering the Plan, which
committee will operate under rules and procedures established by the Board of Directors from time
to time for such purpose.

     Section 2.05. Company means Spirit AeroSystems Holdings, Inc., a Delaware corporation,
or its successor.

     Section 2.06. Companies means the Company, Spirit (or its successor), and any other
entity that adopts the Plan with the consent and approval of the Committee.

     Section 2.07. Director means a member of the board of directors of any of the
Companies.

     Section 2.08. Discretionary Grant has the meaning set forth in Section 4.01.A.

     Section 2.09. Elective Grant has the meaning set forth in Section 4.01.B.

     Section 2.10. Effective Date has the meaning set forth in Section 8.01.

     Section 2.11. Grant Agreement means an agreement entered into by a Participant with
respect to a grant of Shares or RSUs in accordance with Section 4.01.

     Section 2.12. Grant Date means the date on which Shares or RSUs are granted, or deemed
granted, to a Participant under this Plan.

     Section 2.13. Mandatory Grant has the meaning set forth in Section 4.01.B.

     Section 2.14. Market Value means, with respect to a Share as of a Valuation Date, the
closing price on the Valuation Date of a share of the Company’s common stock, for so long as stock
of the Company remains listed or quoted on a nationally recognized market or exchange. If the
stock of the Company is no longer listed or quoted on a nationally recognized market or exchange,
the Market Value of a Share as of a Valuation Date will be the fair market value of that Share as
of that date, as determined by the Board of Directors in good faith, in its Sole Discretion.

     Section 2.15. Meeting Date means, with respect to a Participant who is a non-employee
Director of the Company, the date of the Company’s annual meeting at which the Participant will
commence the term as a Director with respect to which a Mandatory Grant will be made and with
respect to which an Elective Grant may be made. If a Participant is elected as a non-employee
Director of the Company at a time other than the Company’s annual meeting (e.g., appointed to fill
a vacancy), the term “Meeting Date” will mean the date the Participant is elected as a Director.

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     Section 2.16. Participant means a Director who is not an employee of the Company or
any Affiliated Company and who has become, and remains, eligible to participate in the Plan
pursuant to Section 3.01.

     Section 2.17. Person means an individual, trust, estate, partnership, limited
liability company, association, corporation, or other entity.

     Section 2.18. Plan means this Spirit AeroSystems Holdings, Inc. Amended and Restated
Director Stock Plan, as amended.

     Section 2.19. Restricted Shares means any Shares for which the one-year service
condition in Section 4.02 has not yet been satisfied.

     Section 2.20. Restricted Stock Unit or RSU means a book entry on the books and
records of the Company representing the right of a Participant (or the Participant’s Beneficiary)
to receive benefits as provided by this Plan, which obligation will consist at all times of the
Company’s unsecured and unfunded promise to pay such benefits.

     Section 2.21. Separation from Service means a complete termination of service
(including termination of a consulting or independent contractor arrangement) with the Company and
each Affiliated Company. The term includes, but is not limited to, a termination which arises from
a Participant’s death, disability, or voluntary resignation. A Separation from Service will not be
deemed to occur upon a transfer of service involving any combination of the Company and any
Affiliated Company. The Committee will determine, in its Sole Discretion, whether a Separation
from Service has occurred for purposes of the Plan.

     Section 2.22. Share means a share of Class A common stock of the Company.

     Section 2.23. Spirit means Spirit AeroSystems, Inc., a Delaware corporation, and a
wholly-owned subsidiary of the Company.

     Section 2.24. Sole Discretion means the right and power to decide a matter, which
right may be exercised arbitrarily at any time and from time to time.

     Section 2.25. Valuation Date means each day on which the New York Stock Exchange is
open for trading.

ARTICLE
III – ELIGIBILITY

     Section 3.01. Eligibility. Each individual who is a non-employee Director of the
Company will be eligible to participate in the Plan upon commencement of the individual’s term as a
Director of the Company. The Committee has the right and power, exercisable in its Sole
Discretion, to designate additional non-employee Directors who are eligible to participate in the
Plan, and the Committee has the right and power, exercisable in its Sole Discretion, to terminate

-3-

 

any Participant’s future participation in the Plan. A Participant will cease to be eligible
to participate in the Plan upon the earliest to occur of the following: (i) the date the
Participant ceases to be a non-employee Director; (ii) the date the Committee terminates the
Participant’s participation in the Plan; or (iii) the date the Plan is terminated.

ARTICLE
IV – GRANTS OF SHARES AND RESTRICTED STOCK UNITS

     Section 4.01. Grants of Shares and RSUs. Grants of Shares and RSUs will be made in
accordance with the following provisions.

	 	A.	 	Discretionary Grants. The Committee will have the right and power to
make a discretionary grant of Shares and/or RSUs to a Participant at any time and from
time to time (a “Discretionary Grant”), it being understood that nothing obligates the
Committee or the Board of Directors to make a Discretionary Grant to any Participant.
Participation by a Participant in a Discretionary Grant will neither limit nor require
participation by the Participant in any other grant of Shares or RSUs under the Plan,
it being within the Sole Discretion of the Committee to determine the Participants
eligible to participate in any Discretionary Grant and to determine the amount or
number of Shares or RSUs to be granted in any Discretionary Grant.

	 	B.	 	Mandatory and Elective Grants — Annual Director Compensation. For
each Participant who is a non-employee Director of the Company, one half of the
Participant’s annual director compensation from the Company (as determined by the Board
of Directors each year) will be paid in the form of a grant of Shares and/or RSUs, as
elected by the Participant at the time and in the manner prescribed in Section 4.03 (a
“Mandatory Grant”). In addition, any such Participant may elect, at the time and in
the manner prescribed in Section 4.03, to have all or any portion of the remainder of
such Participant’s annual director compensation paid in cash or in the form of a grant
of Shares and/or RSUs (an “Elective Grant”). The number of Shares or RSUs granted to a
Participant in a Mandatory Grant or an Elective Grant will be determined under such
conventions and rules as the Board of Directors or the Committee may adopt, in its Sole
Discretion.

	 	C.	 	General Provisions Applicable to Grants. Each grant of Shares and/or
RSUs will be made pursuant to a Grant Agreement. In the Sole Discretion of the
Committee, the Shares or RSUs granted in a grant may be either Shares or RSUs
previously issued under the Plan that have been reacquired by the Company (e.g., upon
forfeiture by a Participant) or Shares or RSUs that have been authorized but not
previously issued under the Plan. If a Participant’s interest in Shares or RSUs
granted under the Plan terminates, any Shares or RSUs in which the Participant has no
further interest will again be available for grant under the Plan. The Committee will
have the unrestricted right and power, in its Sole Discretion, to establish such other
terms, conditions, restrictions, or procedures related to a grant

-4-

 

	 	 	 	of Shares or RSUs under the Plan as the Committee deems necessary or appropriate,
including, but not limited to, requiring, as a condition precedent to the grant of
Shares or RSUs under the Plan, that a Participant execute any documents or
agreements that the Committee deems necessary or appropriate.

     Section 4.02. One-Year Service Condition. Unless otherwise provided in the Grant
Agreement, the Shares or RSUs granted in a Discretionary Grant or a Mandatory Grant will be subject
to a one-year service condition. If a Participant ceases to be a Director for any reason before
the first anniversary of the Grant Date with respect to a Discretionary Grant or a Mandatory Grant,
the Participant will not satisfy the one-year service condition, and the Shares and/or RSUs granted
to the Participant in that Discretionary Grant or Mandatory Grant will be forfeited to the Company
without any payment therefor. The Board of Directors may, in its Sole Discretion, waive this
one-year service condition with respect to a Participant if it deems it appropriate and in the best
interests of the Company to do so.

     Section 4.03. Participant Elections. An election by a Participant in connection with
a Mandatory Grant or an Elective Grant (see Section 4.01.B) must be made in writing and in such
form as the Committee may prescribe (which may include, but is not limited to, making the election
as part of a Grant Agreement). The election must be made on or before the preceding December 31,
except that, in the case of a Participant who is newly eligible to participate in the Plan, the
election may be made during the period ending 30 days after the date the Participant first becomes
eligible to participate in the Plan. An election will be irrevocable for the 12-month period
beginning on the Meeting Date to which it relates. Elections will apply on a grant-by-grant basis,
and a Participant must make a new election with respect to each term the Participant serves as a
Director. Failure to make a valid and timely election with respect to a Mandatory Grant will
require that payment be made in the form of a grant of Shares. Failure to make a valid and timely
election with respect to an Elective Grant will require that payment be made in cash.

     Section 4.04. Restricted Stock Units. Restricted Stock Units granted under the Plan
will be evidenced by an appropriate ledger entry on the books of the Company. If fractional RSUs
are granted, the fractional amount will be rounded (using such rules and conventions as the
Committee may adopt, in its Sole Discretion) to the nearest one-hundredth of an RSU. If, after the
date on which any ledger entry is made, the number of outstanding shares of the Company’s common
stock is adjusted by stock dividends, stock splits, combination of shares, or other similar capital
adjustment, the number of RSUs represented by the ledger entry will be similarly adjusted.
Further, in the event the corporate form of doing business is changed, converted, or merged into
any other form of doing business, then the terms hereof will apply mutatis mutandis. The Committee
may, in its Sole Discretion, issue certificates evidencing the Restricted Stock Units issued under
the Plan, but, in the event of a discrepancy between a certificate and any ledger entry on the
books of the Company, the ledger entry will control.

     Section 4.05. Dividends. Dividends declared by the Board of Directors with respect to
Shares will, with respect to any Restricted Shares, be cumulated and paid only at the time such
condition has been satisfied in accordance with this Article IV. No dividends or
dividend-equivalent amounts will be paid with respect to RSUs granted under the Plan, except as
provided in Section 5.01.

-5-

 

     Section 4.06. No Rights of Stockholder. Restricted Shares may not be transferred or
assigned, and a Participant will not have the rights of a stockholder in the Company with respect
to any Restricted Shares unless and until the Participant acquires an interest in such Restricted
Shares in accordance with this Article IV, except that a Participant will be entitled to exercise
the voting rights of a holder of the Shares granted hereunder unless and until such Shares are
required to be forfeited to the Company.

     Section 4.07. Certificates and Legends. The Company may, but shall not be required,
to issue certificates with respect to Restricted Shares granted under the Plan. If certificates
representing Restricted Shares are issued, such certificates will bear (until, in the opinion of
counsel, which opinion must be reasonably satisfactory in form and substance to counsel for the
Company, it is no longer necessary or required) the following legend:

	 	 	     The securities represented by this document are subject to the terms,
conditions, restrictions, and contingencies, including restrictions on transfer and
risk of forfeiture, contained in the Spirit AeroSystems Holdings, Inc. Amended and
Restated Director Stock Plan, as amended from time to time, a copy of which is on
file at the principal office of Spirit AeroSystems Holdings, Inc.

ARTICLE
V – BENEFITS WITH RESPECT TO RESTRICTED STOCK UNITS

     Section 5.01. RSU Benefits. To the extent a grant of RSUs has been made to a
Participant and the Participant has satisfied all conditions with respect to such RSUs and has
otherwise acquired full interest in such RSUs under the terms of the Plan, the Participant will be
entitled to receive, at the time and in the manner prescribed in Section 5.02, and amount with
respect to each such RSU equal to: (i) the Market Value of one Share as of the Valuation Date
immediately preceding or coincident with the date payment is made; plus (ii) the amount of all
dividends (other than stock dividends) actually paid on one Share during the period beginning on
the Grant Date with respect to the RSU and ending on the date payment is made; minus (iii) all
authorized withholdings (if any) and any amounts owed by the Participant (or the Participant’s
present-interest Beneficiary) to the Company or any Affiliated Company.

     Section 5.02. Payment of RSU Benefits. To the extent a Participant is entitled to
receive benefits under Section 5.01, such benefits will be paid in a single lump-sum payment as
soon as administratively practicable after the date the Participant incurs a Separation from
Service. But in no event will payment be made later than (i) the end of the calendar year in which
the Participant incurs the Separation from Service, or (ii) if later, the 15th day of the third
calendar month following the date the Participant incurs the Separation from Service. Payment
under this Section 5.02 may be made in cash or in Shares valued at Market Value, at the election of
the Board of Directors or the Committee, in their Sole Discretion.

     Upon payment of benefits, any certificates representing RSUs with respect to which payment is
made will automatically be cancelled without any action on the part of the Company or the
Participant, and the surrender of the actual certificates will not be required.

-6-

 

     Section 5.03. Beneficiary. If a Participant dies, any amounts payable or
transferrable, or that become payable or transferrable, to the Participant hereunder will be made
to the Participant’s Beneficiary.

     The Beneficiary of a Participant will be the person(s) or entity(ies) designated by the
Participant on a beneficiary designation form provided by the Committee. The Participant will have
the right to change the Participant’s beneficiary designation at any time. But no change in the
Participant’s beneficiary designation will be effective until received and accepted by the
Committee. If the Participant dies without having a valid beneficiary designation in force, or in
the event no designated Beneficiary is alive or in being at the time of the Participant’s death,
the Participant’s Beneficiary will be deemed to be the Participant’s surviving spouse or, if the
Participant leaves no surviving spouse, the Participant’s estate.

     If the Committee has any doubt as to the proper person(s) or entity(ies) to receive a payment
or transfer hereunder, it will have the right to withhold the payment or transfer until the matter
is finally adjudicated. Any payment or transfer made in good faith and in accordance with the
provisions of this Plan and the Participant’s beneficiary designation form (if any) will fully
discharge the Company, the Committee, and all other persons from all further obligations with
respect to such payment or transfer.

     Section 5.04. Source of Benefits. Amounts payable under this Article V will come
exclusively from the general assets of the Company, and the Company’s obligation will constitute a
mere promise to pay benefits in the future, and no person entitled to a payment hereunder will have
any claim, right, security interest, or other interest in any fund, trust, account, insurance
contract, or other asset of the Company. The Company is not obligated to invest in any specific
assets or fund, but it may invest in any asset or assets it deems advisable in order to provide a
means for the satisfaction of any liabilities under this Plan. Each Participant (or
present-interest Beneficiary) will be an unsecured general creditor of the Company and will have no
interest whatsoever in any such assets or fund. The Company’s liability for benefits hereunder
will be evidenced only by this Plan.

     Section 5.05. Restrictions on Alienation. Until the actual receipt of any benefit
under this Plan by the Participant or a Beneficiary, no right or benefit under the Plan will be
subject in any manner to anticipation, alienation, sale, assignment, transfer, pledge, encumbrance,
garnishment, execution, levy, or charge of any kind, whether voluntary or involuntary, including
assignment or transfer to satisfy any liability for alimony or other payments for property
settlement or support of a spouse or former spouse or other relative of the Participant or a
Beneficiary, whether upon divorce, legal separation, or otherwise. Any attempt to anticipate,
alienate, sell, assign, transfer, pledge, encumber, garnish, execute upon, levy upon, or charge any
right or benefit under the Plan will be void. No right or benefit hereunder will in any manner be
liable for or subject to the debts, contracts, liabilities, engagements, or torts of the person
entitled to such benefit, and no right or benefit hereunder will be considered an asset of such
person in the event of his or her divorce, insolvency, or bankruptcy. The rights of the
Participant or a Beneficiary hereunder will not be subject in any manner to attachment or other
legal process for the debts of the Participant or such Beneficiary.

-7-

 

ARTICLE
VI – ADMINISTRATION

     Section 6.01. Committee. The Committee will have full power to administer the Plan in
all of its details, which powers will include, but are not limited to, the authority, in addition
to all other powers provided by the Plan, to:

	 	A.	 	Determine in its Sole Discretion the eligibility of any Director to participate
in the Plan;

	 	B.	 	Make discretionary interpretations regarding the terms of the Plan and make
factual findings with respect to any issue arising under the Plan, including, but not
limited to, the power to determine whether a Director will be eligible to participate
in the Plan or receive benefits under the Plan, with its interpretation to be final and
conclusive;

	 	C.	 	Make and enforce such rules and regulations as it deems necessary or proper for
the efficient administration of the Plan;

	 	D.	 	Appoint such agents, specialists, legal counsel, accountants, consultants, or
other persons as the Committee deems advisable to assist in administering the Plan; and
	 
	 	E.	 	Maintain all records of the Plan.

     Section 6.02. Reliance on Certificates, etc. The members of the Committee, the Board
of Directors, and the Directors, officers and employees of the Companies will be entitled to rely
on all certificates and reports made by any duly appointed accountants and on all opinions given by
any duly appointed legal counsel. Such legal counsel may be counsel for any of the Companies.

     Section 6.03. Plan Records. In all matters related to administration of the Plan, the
official determinations and records of the Plan, as made, identified, and maintained by the
Committee, in its Sole Discretion, will control. In the event of any discrepancy between the
official determinations and records of the Plan and any other document or communication, the
official determinations and records of the Plan will control.

ARTICLE
VII – AMENDMENT AND TERMINATION

     Section 7.01. Amendment and Termination. The Board of Directors may, at any time,
suspend or terminate the Plan and will have the right to alter or amend the Plan or any part
thereof at any time and from time to time as it may, in its Sole Discretion, deem proper and in the
best interests of the Company. But no such termination, suspension, alteration, or amendment will,
without the consent of the Participant, deprive a Participant of any interest in Shares or RSUs
previously acquired by the Participant under the Plan, subject to the terms and conditions of the
Company’s certificate of incorporation and bylaws and any agreement entered into with

-8-

 

respect to such Shares or RSUs. Any termination, suspension, alteration, or amendment of the
Plan may be made by the Board of Directors without action on the part of the stockholders of the
Company. Upon termination of the Plan, the rights of each Participant in any Shares or RSUs the
Participant is not entitled to receive will terminate.

ARTICLE
VIII – MISCELLANEOUS

     Section 8.01. Effective Date. This Plan was originally effective from and after the
date of its adoption and approval by the Board of Directors and the stockholders of the Company.
This amended and restated Plan document will be effective on the date of its adoption and approval
by the Board of Directors (the “Effective Date”).

     Section 8.02. Payments Net of Withholding. Notwithstanding any other provision of the
Plan, all transfers or payments will be net of any amount sufficient to satisfy all federal, state,
and local withholding tax requirements, and will also be net of all amounts owed by Participant to
the Companies.

     With respect to Shares granted or transferred to a Participant under this Plan, any required
withholdings or reductions may be accomplished by any of the following methods (or any combination
of the following methods), as determined by the Committee in its Sole Discretion: (i) the total
number of Shares granted or transferred to the Participant may be reduced by a number of whole or
fractional Shares (as determined by the Committee, in its Sole Discretion), the value of which will
be applied to satisfy such withholdings or reductions, but if the value of the Shares so withheld
exceeds the amount of such withholdings or reductions, such excess will be paid in cash to the
Participant within 21/2 months after the date the withholding occurs; (ii) the amount of the
withholdings or reductions may be withheld from other amounts payable to the Participant by the
Company, including, but not limited to, other fees or remuneration; (iii) the Participant may be
required, as a condition precedent to transfer or release of the Shares, to make a payment to the
Company in an amount equal to the amount of the withholdings or reductions (e.g., by selling a
sufficient number of Shares); or (iv) such other method or combination of methods as the Committee
deems appropriate, in its Sole Discretion.

     Shares granted or transferred under the Plan will be subject to any and all terms, conditions,
and restrictions set forth in the Company’s certificate of incorporation and bylaws (each as
amended and in effect from time to time) and any agreement entered into with respect to such
Shares. The Committee will have the right, in its Sole Discretion, to require, as a condition
precedent to the grant, transfer, or release of any Shares hereunder, that the transferee execute
such agreements or documents (e.g., power of attorney) as the Committee deems necessary or
appropriate.

     Section 8.03. Binding on Successors. The Plan will be binding upon all Participants,
their respective heirs, and personal representatives, and upon the Companies, their successors and
assigns.

-9-

 

     Section 8.04. Governing Law. The Plan and all agreements entered into under the Plan
will be governed, construed, administered, and regulated in all respects under the laws of the
State of Delaware, without regard to the principles of conflicts of law, to the extent such laws
are not preempted by the laws of the United States of America. Any action concerning the Plan or
any agreement entered into under the Plan will be maintained exclusively in the state or federal
courts in Delaware.

     Section 8.05. Headings. The headings used in the Plan are inserted for reference
purposes only and will not be deemed to limit or affect in any way the meaning or interpretation of
any of the terms or provisions herein.

     Section 8.06. Notices. Any notices or communications permitted or required to be
given herein by any Participant, the Company, the Committee, the Companies, or any other person
will be deemed given either (i) when delivered, or (ii) three days after being placed in the United
States mail in an envelope addressed to the last communicated address of the person to whom the
notice is being given, with adequate postage thereon prepaid.

     Section 8.07. Severability. If any provision of the Plan is held invalid or
unenforceable, such invalidity or unenforceability will not affect any other provisions thereof,
and the Plan will be construed and enforced as if such provisions had not been included.

     Section 8.08. No Right to Serve as a Director. Nothing herein contained will be
deemed to give any Participant the right to continue to serve as a Director or to be nominated by
any of the Companies to serve as a Director.

     Section 8.09. Government and Other Regulations. The obligation of the Company to
issue Shares or grand RSUs under the Plan will be subject to all applicable laws, rules, and
regulations and such approvals by any governmental agencies as may be required, including, but not
limited to, the effectiveness of a registration statement under the Securities Act of 1933, as
amended, as deemed necessary or appropriate by legal counsel for the Company.

     Section 8.10. Nonexclusivity of the Plan. The adoption of the Plan by the Board of
Directors will not be construed as creating any limitations on the power of the Board of Directors
to adopt such other incentive arrangements as it may deem desirable.

     Section 8.11. Conditions and Restrictions on Shares. Shares acquired under the Plan
will be subject to any and all terms, conditions, and restrictions set forth in the Company’s
certificate of incorporation and bylaws (each as amended and in effect from time to time) and any
agreement entered into with respect to such Shares.

     Section 8.12. No Acceleration. Except as otherwise permitted by law, the time or
schedule of any payments or transfers under this Plan will not be accelerated, and no
interpretation, modification, alteration, amendment, or complete or partial termination of this
Plan, or any provision of this Plan, will cause or permit acceleration of the time or schedule of
any payment or transfer under this Plan.

-10-

 

     IN WITNESS WHEREOF, the Company has caused this amended and restated Plan to be executed by a
duly authorized officer, effective as of the Effective Date.

	 	 	 	 	 
	 	SPIRIT AEROSYSTEMS HOLDINGS, INC.

 	 
	 	By:  	/s/ Gloria Farha Flentje 	 
	 
	 	Name:  	Gloria Farha Flentje 	 
	 
	 	Title:  	General Counsel 	 
	 

-11-

 

SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED DIRECTOR STOCK PLAN

BENEFICIARY DESIGNATION

	 	 	 	 	 	 	 
	PARTICIPANT:
	 	 	 	SSN:	 	 
	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ADDRESS:
	 	 	 	CITY:	 	 	 	STATE:	 	 	 	ZIP:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 
	DATE OF BIRTH:
	 	 	 	DATE OF HIRE:	 	 
	 

	 	 
	 	 	 	 

Pursuant to Section 5.03 of the Spirit AeroSystems Holdings, Inc. Amended and Restated Director
Stock Plan, I hereby designate the following individual(s) or entity(ies) to be my
Beneficiary(ies).

     PRIMARY BENEFICIARY(IES).

	 	 	 	 	 	 	 
	Name and Address	 	Relationship to Participant	 	Percentage of Benefits
	1.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	2.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	3.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 

CONTINGENT BENEFICIARY(IES). If the Primary Beneficiary(ies) dies (or otherwise ceases to exist)
before my death, the following shall be my Beneficiary(ies):

	 	 	 	 	 	 	 
	{Name and Address}	 	Relationship to Participant	 	Percentage of Benefits
	1.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	2.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	3.

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 

	 	 	 	 	 	 

If more than one primary beneficiary or contingent beneficiary is named, each beneficiary will
share equally in the benefits to be paid under the plan, unless I have indicated otherwise by
specifying the percentage of plan benefits to be received by each beneficiary. If a primary or
contingent beneficiary dies (or ceases to exist) prior to my death, the percentage that would have
been received by that beneficiary shall be divided among the surviving primary or contingent
beneficiary(ies), as the case may be, in proportion to the percentages denominated to each
surviving beneficiary, unless I have indicated otherwise.

DATED this ___day of _________, 20___.

	 	 	 
	Signature:

	 	 
	 

	 	 
	Printed Name:
	 	 
	 

	 	 

ACCEPTED by the Committee this ___day of _________, 20___.

	 	 	 
	 

	 	 
	 

	 	 
	 

	 	On behalf of the Committee

# # #

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