Document:

Exhibit 10.3

    

     

      

    
      		
               

            

       

    PERSONAL & CONFIDENTIAL
      

      

      June 6, 2019

      Jesus (Jay) Malave, Jr.

      138 Monte Carlo Drive

      Palm Beach Gardens, FL 33418

       

      

      Re: Employment Agreement

      
        

        

        I am pleased to extend you an offer of employment with Harris Corporation (to be renamed L3Harris Technologies, Inc. following the merger (the "Merger") with L3 Technologies, Inc. (referred to as the "Company")) in the position of Senior Vice
          President & Chief Financial Officer reporting to Bill Brown, Chairman and Chief Executive Officer. This is an executive-level position

        based in Melbourne, FL, commencing on June 29, 2019 or such other date as mutually agreed by you and the Company.

        

        

        Jay, we believe you will make an outstanding contribution to the Company, and as such, we have crafted

          a total rewards package for you, consistent with the Company's executive compensation program design. The Company shall provide you the following:

        

        

        
          
            	

                  	1)	
                    An annual base salary of $625,000 payable bi-weekly. Base salaries are
                      reviewed annually, with adjustments made subject to both business and personal
                        performance.

                  

          

        

        

        

        
          
            	

                  	2)	
                    As a Company executive, you will
                        participate in the Annual Incentive Plan ("AIP") with a target opportunity equal to 100% of base salary. Incentive awards are paid based on the achievement of pre-established,
                        annual business operating metrics and the successful completion of personal
                        performance objectives set during the annual performance management cycle. Incentive awards may range from 0% to 200% of target based on business and personal performance. Your participation in AIP will begin on June 29, 2019 or, should your start date be later than June 29, 2019, on your start date and be pro-ratedfor the year. For the period from June 29, 2019 through
                        December 31, 2019 (the "Stub ,Period") your cash incentive will equal 50% of your target opportunity. To the extent earned, payouts are made following the fiscal year end, less
                        applicable withholdings and deductions.

                  

          

        

        

        

        
          
            	

                  	3)	
                    Eligibility to receive annual equity awards granted by the Company under its 2015 Equity Incentive Plan (the "Plan"}, with a target value of $2,000,000.  The awards are granted following the Compensation Committee of the Board of Directors approval of annual equity awards to Company executives. Once approved and accepted by you, the awards are subject to the applicable terms and conditions in
                        effect at the time of the grant. Annual equity grants are performance-based and the award amount may vary from year-to-year. It is anticipated that your first annual equity grant will be issued in March 2020.

                  

          

        

      

      
        
          

      

      
      

      

      

      

      
        
          	

                	4)	
                  A one-time cash sign-on bonus of $200,000, less applicable taxes and other
                      withholdings, payable within forty-five (45) days of your start date to offset forgone annual incentive at your current employer, and as an incentive to join the Company. Should you voluntarily terminate your employment with the Company without Good Reason (as defined below) within twenty-four (24) months of your
                      start date, you will be required to repay a portion of this bonus determined by multiplying $200,000 times a fraction of whose numerator equals 730 minus the number of days that you were employed hereunder and whose denominator is
                      730.

                

        

      

      

      

      
        
          	

                	5)	
                  A one-time Restricted Stock Unit ("RSU") award of three-year, ratable-vesting RSU's with an approximate grant date value of $950,000 to offset foregone equity compensation at your current employer. This award is subject to the
                      applicable terms and conditions set forth described in a Restricted Unit Award Agreement in substantially the form used by the Company for RSU awards granted to Executive Officers in 2018 (including the dividend equivalent rights
                      described in Section 1(c) of that grant agreement), modified to include vesting provisions consistent with Paragraph 11 and 12 below. The award will be granted on the first New York Stock Exchange trading day during the month
                      following your start date (if that trading day occurs within a Quiet Period as defined by the Company's equity grant policy, the grant date will be the first trading day following the end of the Quiet Period).

                

        

      

      

      

      
        
          	

                	6)	
                  A one-time, special Momentum equity award under the Plan, expected to be granted in August 2019, with approximate grant date value of $2,000,000. This grant will be comprised of Performance Share Units ("PSUs") and Performance Stock Options ("PSOs") as detailed below:

                

        

      

      

      

      
        
          	

                	a.	
                  33% of the value of your award will consist of 3-year, cliff-vesting PSUs. PSU payouts may range from 0% to 200% of target based on achievement of cost synergy goals for the Merger from the Merger completion date through December 31, 2021, subject to a separate, further 50% to 200% modifier of any such earned payouts based on achievement of a cumulative Earnings Per Share ("EPS") goal over the same period. Specific targets for the cost synergy and cumulative EPS metrics will be
                      communicated following approval by the Compensation Committee. The PSUs will accrue dividend equivalents equal to the dividends paid by the Company on shares of
                      its common stock during the performance period, which will be paid in cash to you upon settlement of the earned PSUs.

                

        

      

      

      

      
        
          	

                	b.	
                  67% of the value of your award will consist of 3-year, cliff-vestingPSOs
                      with a 10- year term. The PSOs will be subject to a performance-vesting condition
                      such that the award will vest and become exercisable only if 80% of the cost synergy goals described above are achieved.

                

        

      

      

      

      
        
          	

                	7)	
                  Eligibility to participate in the Company's Retirement Plan 401(k) with a company match equivalent to 100% of the first 6% of employee contributions.
                      While you will be immediately eligible to participate in the plan up to individual plan contribution limits, Company match contributions will only be made after
                      one year of service.

                

        

      

      

      

      
        
          	

                	8)	
                  Eligibility to participate in the Company's Supplemental Executive
                      Retirement Plan (SERP) upon the next annual open enrollment period. This IRS non-qualified retirement plan preserves your ability to make pre-tax
                      contributions, and receive employer match contributions (after one year of service) above the qualified IRS limits in accordance with the plan terms.

                

        

      

      
        2

        
          

      

      
        
          	

                	9)	
                  Participation in the Company's health and welfare benefit plans, including qualified dependents as applicable. These plans include medical,
                      prescription, dental, vision, life and short and long-term disability benefits. Coverage under these programs is effective, should you choose to participate, as soon as day one of employment with the Company.

                

        

      

      

      

      
        
          	

                	10)	
                  Relocation benefits to assist with your move from Palm Beach Gardens, FL
                      to the Melbourne, FL area. Benefits will include, but not be limited to home sale
                      assistance; home purchase assistance; three months of temporary living accommodations; the packing and shipment of household goods; and a disruption payment of
                      $10,000, less applicable taxes and other withholdings. Additional details regarding your relocation benefits will be provided under separate cover. In order to receive relocation benefits you must execute a Relocation and Assistance Repayment Agreement.

                

        

      

      

      

      
        
          	

                	11)	
                  If your employment is involuntarily terminated by the Company without Cause (as defined below) or if you voluntarily terminate your employment for Good Reason (as described below) within thirty-six (36) months after your start
                      date, and such termination is not in connection with a Change in Control (as provided in Paragraph 12 below), then, subject to Paragraph 13 below, you will
                      receive a severance benefit equal to (i) your then current annual base salary (provided that, in the event of a termination by you for Good Reason due to material reduction in your base salary, the severance will be in an amount equal
                      to your annual base salary before such material reduction), payable in a cash lump sum (less applicable withholding taxes) within 60 days following your
                      termination date, and (ii) a pro rata annual cash bonus for the performance period in which you termination occurs, subject to achievement of the applicable
                      performance goals through the end of such performance period, and payable at the same time annual cash bonuses are paid to similarly situated active employees. In addition, if your employment should be involuntarily terminated by the Company without Cause (as defined below) or if you should voluntarily terminate your employment for Good Reason (as defined below) within this
                      thirty-six (36) month period, the RSU described in Paragraph 5 above shall become vested in full and non-forfeitable, effective immediately as of the date of
                      your termination of employment.

                

        

      

      

      

      
        
          	

                	12)	
                  If your employment is involuntarily terminated by the Company without
                      Cause or if you voluntarily terminate your employment for Good Reason (as defined below), in either case on or following the

                    date of a future Change in Control and within thirty-six (36) months after your start date, then, in lieu of any severance benefits payable pursuant to Paragraph 11 above, and subject to Paragraph 13
                      below, you will receive a severance benefit equal to (i) a 2x multiple of your then current annual base salary (provided that, in the event of a termination by you for Good Reason due to material reduction in your base salary, the
                      severance will be in an amount equal to your annual base salary before such material reduction) plus your then current target annual cash bonus, payable in a
                      cash lump sum (less applicable withholding taxes) within 60 days following your termination date, and (ii) a pro rata annual cash bonus for the performance period in which your termination occurs, subject to achievement of the
                      applicable performance goals through the end of such performance period, pro-rated based on the number of days you were employed during such performance period and payable at the same time annual cash bonuses are paid to similarly situated active employees.

                

        

      

      
        3

        
          

      

      
        
          	

                	13)	
                  Receipt of severance benefits will be subject to your timely execution and non- revocation of a general release of all claims against the Company and
                      its subsidiaries and affiliates on a form to be provided by the Company within 45 days after your termination date. If the 60-day payment period referenced in
                      Paragraphs 11 and 12 above begins in one calendar year and ends in a second calendar year, then payment shall occur in the second calendar year.

                

        

      

      

      

      For purposes hereof:

      

      

      
        
          	

                	•	
                  "Cause" shall mean any of the following: (i) a willful breach or failure to satisfy any material provision or
                      condition of this letter; (ii) your substantial and continuing failure or refusal to perform, after being placed on notice by the Company, your material duties or to perform specific directives of the Board or of the officer to whom
                      you report that are consistent with your position; (iii) any failure by you to devote your full working time to the Company (provided, however, that you may
                      manage your personal and family investments and serve on civic, charitable, and industry boards or committees, to the extent that such activities do not substantially interfere with your duties to
                    the Company and are consistent with the Company's policies applicable to executives) or any unexcused, repeated or prolonged
                      absence from work by you (other than as a result of, or in connection with, sickness, injury or disability to you or you or an immediate family member); (iv) any reckless or willful misconduct (including action or failures to act) by
                      you that causes material harm to the business or reputation of the Company or its subsidiaries; (v) any willful or reckless breach of a statutory or common law
                      duty of loyalty to the Company or its subsidiaries; (vi) any act of fraud, dishonesty, embezzlement, theft or unethical business conduct by you in connection
                      with your duties or in the course of your employment, or your admission or conviction of a felony or of any crime involving moral turpitude, fraud, dishonesty, embezzlement, theft, or misrepresentation; (vii) your willful violation of a material Company
                      policy that is generally applicable to all employees of the Company; or (viii) a failure by you to cooperate in an internal investigation after being
                      instructed by the Board or the officer to whom you report to cooperate; provided, however, that the events described in (i) through (viii) shall constitute "Cause" only if you fail to cure such event (if it is curable) within 30 days after receipt from the Company of a written notice of the event or circumstance which
                      constitute Cause (no such notice from the Company shall be required if such event is not curable) and provided further that "Cause" shall cease for an event or circumstance on the 90th day following the later of its occurrence or the Company's knowledge thereof, unless the Company has given you written notice thereof.

                

        

      

      

      

      
        
          	

                	•	
                  "Change in Control" shall have the meaning as defined in the Plan as in effect on the date of this letter. For avoidance of doubt, the Merger shall not be considered a "Change in Control" for purposes hereof.

                

        

      

      

      

      
        
          	

                	•	
                  "Good Reason" shall mean, without your consent, the occurrence of any of the following: (i) a material adverse diminution of your employment duties (a
                      change in your reporting structure or a change in your title shall not, itself,
                      constitute a diminution of duties); (ii) a material reduction in your annual base salary; (iii) a material reduction in the target value of your annual cash bonus,
                      other than a reduction that is also applicable is a substantially similar manner and proportion to other similarly situated executives of the Company; or (iv)
                      a requirement that your principal place of employment be more than fifty (50) miles from Melbourne, Florida; provided, however, that the events
                    described in (i) through (iv) shall constitute "Good Reason" only if the Company fails to cure such event within 30 days after receipt from you of a written notice of the event which constitutes Good Reason and provided further that
                    "Good Reason" shall cease to exist for an event or circumstance on the 90th day following the later of its occurrence or your knowledge thereof, unless you have given the Company written notice thereof.

                

        

      

      
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      Entitlement to severance benefits under this letter is in lieu of, not in addition to, severance benefits under the Company's Severance Plan or any other severance benefits you may be entitled to from the Company or its subsidiaries. Notwithstanding the foregoing, if Harris implements a new executive severance plan or plans after the
          Merger in which you are eligible to participate which provide for severance benefits upon involuntary termination of your employment without Cause, with Good Reason, and upon a qualifying termination of your employment in connection with a Change
          in Control, and provided such severance terms and benefits are equal to or in excess of the severance terms and benefits provided in this Agreement, then your right to severance benefits will be determined solely in accordance with the terms of such plan(s}, which will replace and supersede, in their entirety, the terms of this letter agreement
          relating thereto.

      

      

      Your formal appointment as a corporate
        officer (Senior Vice President & Chief Financial Officer) is subject to approval of the Board of Directors. On or as soon as
          administratively practicable after the date you are elected as a corporate officer of the Company, you will be entitled to the benefits

        of an Indemnification Agreement in the form approved by the Board of Directors for directors and corporate officers.

      

      

      Payments and benefits under this letter are intended to be exempt from or to meet the requirements of Section 409A of the Internal Revenue Code ("Code Section  409A"), and shall be interpreted and construed consistent  with that intent.  Notwithstanding  any  other  provision of this letter, to the extent that the right to any payment (including the provision of benefits) hereunder as a result of your separation from service provides for the  "deferral  of compensation" within
          the meaning of Code Section 409A and you are a "Specified Employee" under the Company's Specified Employee Policy for 409A  Arrangements  as of  the date  of your separation from service, then no such payment shall be made or commence during the period beginning on the date of your  separation  from  service  and ending  on the date that is six months following the date of your separation from service or, if earlier, on the date of your death, if the earlier making of such payment would result  in tax penalties 
          being  imposed  on you under Code Section 409A. The amount of any payment that otherwise  would  be paid  to you hereunder during this period shall instead be paid to you on the first business  day coincident with or next following the date that is six months
          and one day following the date of your separation from service or, if earlier, within ninety (90) days following your death. Each payment of compensation under this
          letter shall be treated as a separate payment of compensation for purposes of Code Section 409A,  including  without limitation  for the purpose of applying the exclusion
          from Code Section 409A for certain short-term deferral amounts.

      

      

      Conditional Offer. You understand and agree that
          this employment agreement is conditional and expressly subject to your complying with the following pre-conditions of employment:

      

      

      
        
          	

                	a.	
                  You complete your relocation to the Melbourne, FL area within twelve (12)
                      months of your start date.

                

        

      

      
        5

        
          

      

      

      

      

      

      
        
          	

                	b.	
                  You accurately complete the Harris' Disclosure of Potential Employment Conflicts form and fully disclose, and provide copies where applicable, of any written
                    agreements of which you are aware and to which you are a party that relate to the protection of confidential, trade secret or proprietary information; non-competition restrictions; non-solicitation or no-hire prohibitions (employees or
                    customers); and/or ownership of invention provisions. You affirm that your employment with the Company will not violate any such agreements or understandings.

                

        

      

      
        
          	

                	c.	
                  You execute and timely return all forms and other documents required for the Company to complete the employment process.

                

        

      

      

      

      This Agreement shall be governed by and construed in accordance with the
          laws of the State of Florida. In any litigation between the Company and you arising out of or related to this Agreement, the losing party shall reimburse the prevailing
          party for all attorneys' fees and costs incurred by that prevailing party in enforcing, defending, or prosecuting this Agreement.

      

      

      I look forward to you joining the team and am confident that you will make many significant contributions to the organization. Please sign and date below and
          send it via email at jgirard@harris.com.

       

        

      Sincerely, 

      

      

      

      

      HARRIS CORPORATION 

      

        /s/ James P. Girard

        

        By: James P Girard

        

        Vice President, Human Resources

        

        Harris Corporation

        

      

      

          

      

      

      

      

      
        6

        
          

      

      ACKNOWLEDGEMENT & ACCEPTANCE

      

      

      I understand that this letter constitutes the full, complete, and final
          agreement between the Company and me regarding the terms of my employment. I also understand that my employment with the Company Harris is at-will and that this agreement
          does not constitute a fixed term contract of employment or a guarantee of continued employment for any period. My signature below confirms that I accept the terms and
          conditions of this employment agreement. As of my signature below, this Agreement will become enforceable by all parties and will remain in full force and effect thereafter.

      

      

      Accepted and Agreed,

       

      

      
        	/s/ Jesus Malave, Jr.

              	
                Date: June 7, 2019

              
	
                Signature: Jesus Malave, Jr.

              	
                 

              

      

      

      

      

      

      

      

      

      

      

      

      

      

    

  

  7Exhibit 10.4

    

    

    

    
      
        

      

      

      

      November 5, 2018

      

      

      Mr. Christopher E. Kubasik 

      c/o L3 Technologies, Inc. 

      600 Third Ave.

      New York, NY 10016

      

      

      Dear Chris:

      

      

      This letter memorializes our recent discussions regarding the terms of your employment with L3 Technologies, Inc. (“L3”) following the completion of the merger (the “Merger”)
        contemplated by the Agreement and Plan of Merger among L3, Harris Corporation (“Harris”) and Leopard Merger Sub Inc., dated as of October 12, 2018 (the “Merger Agreement”). References in this letter to the “Company” will be
        deemed to refer to L3 before the Closing and to the Combined Company (as defined in the Merger Agreement) after the Closing. Except as modified herein, the terms of the L3 Technologies, Inc. Amended and Restated Change in Control Severance Plan, as
        amended and restated through July 25, 2018 (the “CIC Plan”), will remain in full force and effect. Capitalized terms not defined herein have the meanings ascribed to them in the Merger Agreement. In the event that (i) your employment with
        the Company terminates for any reason prior to the Closing Date or (ii) the Merger Agreement is terminated prior to the closing of the Merger, this letter will automatically terminate and be of no further force or effect and neither of the parties
        will have any obligations hereunder. This agreement supersedes in its entirety the letter agreement and the Term Sheet attached thereto, dated October 12, 2018, between you and L3.

      

      

      
        
          	1.	
                  Position.

                

        

      

      

      

      For the period commencing on the Closing Date and ending on the second anniversary of the Closing Date, or if earlier, the date when William Brown ceases to serve as the Chief
        Executive Officer of the Company for any reason (the “Initial Period”), you will serve as the President and Chief Operating Officer of the Company and report directly to the Chief Executive Officer of the Company; provided that your performance evaluation shall be conducted by the independent members of the Company’s Board of Directors (the “Board”). Commencing on the Closing Date, you will also serve as the Vice Chairman of the
        Board. During the Initial Period, (i) you will be responsible for oversight of operational functions and the presidents of each operating segment, business development, supply chain, manufacturing and other operating functions will report directly
        to you and (ii) you and the Chief Executive Officer will (x) establish and co-chair an integration steering committee to be composed of executives and other employees to be mutually selected by you and the Chief Executive Officer of the Company and
        (y) have joint responsibility for overseeing the officer of the Company that is responsible for leading the integration process of the businesses of Harris and L3 following the Closing Date.

      

      

      
        1

        
          

      

      Commencing immediately after the Initial Period, you will become the Chief Executive Officer of the Company and you will continue to serve as President of the Company and Vice Chairman of the Board
        and report directly to the Board. As President and Chief Executive Officer, your duties and responsibilities will be determined by the Board in good faith in consultation with you and will be consistent with your position.

      

      

      On the third anniversary of the Closing Date, you will also assume the position of Chairman of the Board.

      

      

      
        
          	2.	
                  Compensation.

                

        

      

      

      

      During the Protection Period (as defined below), your annual base salary will be $1,450,000, your target annual cash bonus award will be $2,500,000, the target value of your annual long-term
        incentive awards will be $10,250,000 and in no case will your annual base salary, annual bonus target, annual bonus payment, target value of your annual long-term incentive award or annual long-term incentive award be less than that paid or granted
        by the Company to William Brown (assuming you remain employed for the full fiscal year in respect of which such bonus or award is earned). To the extent that normal annual compensation review cycles occur prior to Closing, the Company may (but is
        not required to) adjust your compensation elements to amounts not exceeding the contemplated levels in the preceding sentence.

      

      

      Notwithstanding the foregoing, the Compensation Committee of the Board (the “Compensation Committee”) will retain discretion to increase, but not decrease, the amount of your annual base
        salary, annual bonus target, annual bonus payment, target value of your annual long-term incentive award and your annual long-term incentive award at any time during the Protection Period, provided that
        any adjustment applied to such amounts will be equally applied to William Brown’s annual base salary, annual bonus target, annual bonus payment, target value of his annual long-term incentive award and his annual long-term incentive award, as
        applicable. Commencing January 1, 2020, you will be eligible for benefits and perquisites at levels no less favorable than those provided to William Brown.

      

      

      
        2

        
          

      

      No later than 30 days following the Closing Date (or, if that date occurs within a “quiet period” under the Company’s equity grant policy, the first trading date following the end of such “quiet
        period”), you will receive a one-time integration award comprised of (i) performance stock units with a target value of $2,500,000 (the “Integration PSUs”) and (ii) performance-based non-qualified stock options with a grant date value of
        $5,000,000 and a 10-year term (the “Integration Options” and collectively, with the Integration PSUs, the “Integration Award”). Both components of the Integration Award will be subject to three-year cliff- vesting, provided, that if the continued service condition applicable to William Brown’s Integration Award is deemed satisfied upon his retirement on the third anniversary of the Closing Date, the continued service
        condition applicable to your Integration Award will also be deemed satisfied at that time. The Integration PSUs will be subject to a 0 to 2 times target payout for the achievement of cost synergy goals from the Closing Date through December 31,
        2021 and a separate 0.5 to 2 times modifier of any such earned payouts for achievement of a cumulative earnings per share goal over the same period, in each case as established by the Compensation Committee in good faith in consultation with you
        and communicated to you at the time of grant. The actual earned value of the Integration PSUs will be determined by the Compensation Committee based on its assessment of the achievement of the applicable performance objectives. The Integration PSUs
        will accrue dividends in an amount equal to the cash dividends or other distributions, if any, which are paid during the performance period and will be paid upon settlement of the earned Integration PSUs. The Integration Options will be subject to
        a performance-vesting condition such that the award will vest and become exercisable only if 80% of the cost synergy goal is achieved. The Integration Award will be in addition to the long-term incentive award opportunity in the preceding
        paragraphs and the Integration Award will be on terms and conditions determined by the Compensation Committee that are the same as the equity-based integration awards granted to other senior executives of the Company generally.

      

      

      You will receive a cash payment of up to $1,250,000 to be utilized for any relocation-related expenses incurred by you within three years following the Closing Date as determined by you, with
        gross-up of any amounts taxed as ordinary income (the “Relocation Payments”). To the extent permitted under the Merger Agreement and the Disclosure Letter thereunder, the Company may accelerate the Relocation Payments into December 2018,
        subject to your obligation to repay the after-tax value of such amounts to the Company in the event the Closing does not occur, or to the extent that you fail to incur such expenses within three years following the Closing Date.

      

      

      
        
          	3.	
                  Termination of Employment.

                

        

      

      

      

      You will continue to be covered by the CIC Plan with a “Severance Multiple” (as defined under the CIC Plan) of three and with other benefit levels as provided under the CIC Plan, with the
        protection period during which you will be considered an “Eligible Employee” as defined in the CIC Plan (in the event your employment is terminated by the Company other than for “Cause” or you terminate employment for “Good Reason,” as these terms
        are defined under the CIC Plan and modified by this letter) extended until the fourth anniversary of the Closing Date (the “Protection Period”).

      

      

      If, during the first two years following the Closing Date, your employment is terminated by the Company other than for Cause or you terminate employment for Good Reason, a portion of the
        Integration Award (one-third of the Integration Award if the date of termination occurs during the first year following the Closing Date and two-thirds of the Integration Award if the date of termination occurs during the second year following the
        Closing Date) will remain outstanding and eligible to vest (with the remaining portion forfeited) for the remainder of the applicable performance period based on the attainment of the applicable performance goals and option exercisability for the
        life of the award for any Integration Options that satisfy the performance- vesting condition.

      

      

      
        3

        
          

      

      If, during the third year following the Closing Date, your employment is terminated by the Company other than for Cause or you terminate employment for Good Reason, the Integration Award will
        remain outstanding and eligible to vest for the remainder of the applicable performance period based on the greater of target performance and actual attainment of the applicable performance goals, with the Integration Options being exercisable for
        the life of the award.

      

      

      If, during the Protection Period, your employment is terminated by the Company other than for Cause or you terminate employment for Good Reason, you will be entitled to the following treatment of
        your outstanding equity-based awards other than the Integration Award:

      

      

      
        
          	A.	
                  each stock option will become fully vested and exercisable immediately prior to the termination of your employment, and each option (whether it became vested immediately prior to termination or was previously vested) will remain
                    exercisable for the life of the award;

                

           

          

        

      

      
        
          	B.	
                  each restricted stock unit shall become fully vested and promptly issuable for one share of the Company’s common stock pursuant to its terms; and

                

           

          

        

      

      
        
          	C.	
                  each performance share unit or performance restricted stock unit will remain outstanding and (A) if your termination occurs prior to the end of the applicable performance period, the units will remain outstanding and eligible to vest
                    for the remainder of the applicable performance period based on the attainment of the applicable performance goals (and any requirement for you to remain employed will be waived); and (B) if your termination occurs after the end of the
                    applicable performance period and there is a requirement for you to remain employed for a subsequent vesting period, such requirement shall be waived and the number of shares earned with respect to such performance period shall become
                    fully vested.

                

        

      

      

      

      Release Requirement

      

      

      All separation payments and benefits in this Paragraph 3 will be subject to your execution and non-revocation of a release of claims in favor of the Company and its
        affiliates, consistent in substance with the releases of claims used at the time by the Company in connection with separations of senior corporate executives. The Company shall deliver to you the form of release of claims within five business days
        of the date of your termination. For avoidance of doubt, such release of claims shall be limited to a release of claims arising in connection with your employment or service (or the termination thereof) and such release of claims shall not include
        any restrictive covenants or otherwise impose any additional obligations on you following your termination (other than as set forth in the CIC Plan, as modified by this letter).

      

      

      
        
          	4.	
                  Acknowledgments.

                

        

      

      

      

      You acknowledge and agree that you will not have “Good Reason” under the CIC Plan solely as a result of (i) your contemplated relocation to Florida, (ii) any across the
        board changes in employee benefits (as long as your benefits are the same as those provided to William Brown) or (iii) the Closing of the Merger, the assignment to the Chief Executive Officer of the duties and responsibilities specified in Section
        4.1(f) of the Merger Agreement or your transition to the role of Vice-Chairman of the Board, President and Chief Operating Officer of the Company at Closing, and subsequently to the roles of President and Chief Executive Officer of the Company and
        Chairman of the Board at times contemplated as described above. Such waiver of your “Good Reason” rights will be negated if your transition to the various positions described in this letter does not occur as and when agreed.

      

      

      
        4

        
          

      

      For the avoidance of doubt, you shall retain the right to terminate your employment with the Company for “Good Reason” under the CIC Plan for the duration of the Protection Period other than as
        specified above. Additionally, the following shall also constitute “Good Reason” triggers under the CIC Plan: (a) the Company’s failure to promote you to your contemplated new roles upon and following Closing as described in this letter and in the
        Merger Agreement; (b) the failure of William Brown to permanently cease serving as an officer, employee and member of the Board on or prior to the third anniversary of the Closing Date or (c) the Company’s material breach of this letter (which
        remains uncured within 15 days following your notice to the Company thereof).

      

      

      In addition, the definition of “Cause” contained in the CIC Plan will include as a clause thereof, “an independent third-party investigator mutually agreed to by you and the Company determines that
        you have engaged in an act of personal misconduct that

      (1) is a willful and substantial violation of the Company’s Corporate Policy on Equal Employment Opportunity, Anti-Harassment and Non-Retaliation (or any successors thereto) and there is a material
        risk that such action could cause meaningful harm to the Company (reputationally or otherwise) or (2) gives rise to a material risk of meaningful harm to the Company (reputationally or otherwise) under federal or applicable state law for
        discrimination or sexual harassment to subordinate employees”. The Company will not be able to terminate you for “Cause” based on the new provision described in this paragraph unless and until the Company has delivered to you a copy of a resolution
        duly adopted by three-quarters of the entire Board at a meeting of the Board called and held for such purpose (after 30 days’ notice to you and an opportunity for you, together with counsel, to be heard before the Board), finding that in the good
        faith opinion of the Board an event set forth in this new provision has occurred and specifying the particulars thereof in detail. The Company must notify you of the event constituting Cause under this provision within 90 days following the
        Company’s knowledge of its existence or such event shall not constitute Cause hereunder.

      

      

      Further, you agree that if the Board reasonably believes that facts exist that may justify a termination of your employment for “Cause” under the CIC Plan, the Board retains the right to place you
        on a paid leave of absence for up to 10 calendar days pending its investigation of your conduct and the Board’s decision to place you on paid leave will not constitute grounds for you to terminate your employment for “Good Reason” under the CIC
        Plan; provided, that nothing shall alter the Company’s obligations under this letter or the CIC Plan, as applicable, and you shall continue to vest in any outstanding equity awards and other benefits during
        such period of paid leave.

      

      

      You acknowledge and agree that Exhibit A of the CIC Plan (Confidentiality and Non-Competition Restrictive Covenants) is hereby modified with respect to you
        to provide that the period of time after termination of your employment set forth in Section II of such Exhibit A as to which the non-competition and non-solicitation covenants will apply as a condition of your right to receive severance benefits
        under the CIC Plan will be extended to 24 months following your termination of employment with the Company. All other provisions of such Exhibit A will remain in full force and effect with respect to you.

      

      

      
        5

        
          

      

      
        
          	5.	
                  Miscellaneous.

                

        

      

      

      

      This letter will be governed and construed in accordance with the laws of the State of New York, without regard to conflicts of laws principles thereof; provided
        that all matters relating to your non-competition and non-solicitation covenants under Exhibit A of the CIC Plan (as modified in this letter) will be governed and construed in accordance with the laws of the State of Florida. This letter may
        not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives. The invalidity or unenforceability of any provision of this letter will not affect the
        validity or enforceability of any other provision hereof, and this letter will be construed as if such invalid or unenforceable provision were omitted (but only to the extent that such provision cannot be appropriately reformed or modified). Upon
        the expiration or other termination of this letter, the respective rights and obligations of the parties hereto will survive such expiration or other termination to the extent necessary to carry out the intentions of the parties under this letter.
        This letter may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. Prior to the Closing Date the parties agree not to amend this letter without the
        consent of Harris. Following the Closing Date, the parties agree that this letter may be assigned to and assumed by the Combined Company.

      

      

      [Signature Page Follows]

      

       

      

      
        6

        
          

      

      We thank you for your past service and are looking forward to your continued leadership.

      

      

      	 	
              Sincerely,

            
	 	 
	 	
              L3 TECHNOLOGIES, INC.

            
	 	 
	 	
              By:

            	
              /s/ Thomas A. Corcoran

            
	 	
              Name: Thomas A. Corcoran

            
	 	
              Title: Director and Compensation Committee Member

            

      

      

      I agree with and accept the terms and conditions of this letter:

      

      

      /s/ Christopher E. Kubasik 

      Name: Christopher E. Kubasik 

      Date: 5 November 2018

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