SEC Contract Filing

Filing Date: 2019-10-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>4
<FILENAME>exhibit105ceo-coopsotcs.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<div><a name="sD9B60563FCB3C39A68C61456FDF07F35"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.5</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">L3HARRIS TECHNOLOGIES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PERFORMANCE STOCK OPTION AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TERMS AND CONDITIONS</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(August 1, 2019 CEO/COO)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Performance Stock Option &#8211; Terms and Conditions</font><font style="font-family:inherit;font-size:12pt;">. Under and subject to the provisions of the Harris Corporation 2015 Equity Incentive Plan (as may be amended from time to time, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and upon the terms and conditions set forth herein (these &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Terms and Conditions</font><font style="font-family:inherit;font-size:12pt;">&#8221;), L3Harris Technologies, Inc. (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Corporation</font><font style="font-family:inherit;font-size:12pt;">&#8221; which was formerly named &#8220;Harris Corporation&#8221;) has granted to the employee receiving these Terms and Conditions (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Employee</font><font style="font-family:inherit;font-size:12pt;">&#8221;) a Performance Stock Option Award (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Award</font><font style="font-family:inherit;font-size:12pt;">&#8221;) consisting of a Non-Qualified Stock Option with performance-based vesting and forfeiture conditions (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Option</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to purchase such number of shares of common stock, $1.00 par value per share (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Common Stock</font><font style="font-family:inherit;font-size:12pt;">&#8221;), of the Corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Shares</font><font style="font-family:inherit;font-size:12pt;">&#8221; and each, a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Share</font><font style="font-family:inherit;font-size:12pt;">&#8221;) at such designated exercise price per share as set forth in the Award Notice (as defined below) from the Corporation to the Employee. Such Award is subject to the following Terms and Conditions (these Terms and Conditions, together with the Corporation&#8217;s letter or notice to the Employee specifying the date as of which the Award is granted (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Grant Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the number of Shares subject to the Award and issuable upon exercise of the Option, the exercise price and certain other terms (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Award Notice</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and the Statement of Performance Goals (as defined below) related thereto, are referred to as the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vesting and Exercisability; Impact of Termination of Employment</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)&#160;&#160;&#160;&#160;Except as set forth in Section 2(a)(i)-(iii) and Section 2(e), the Option shall not vest or be exercisable to any ext