Attached files
| file | filename |
|---|---|
| EX-15 - AWARENESS LETTER OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - RAYTHEON CO/ | rtn-04032016xexhibit15.htm |
| EX-10.1 - EXHIBIT 10.1 - RAYTHEON CO/ | rtn-04x032016xexhibit101.htm |
| EX-10.2 - EXHIBIT 10.2 - RAYTHEON CO/ | rtn-04x032016xexhibit102.htm |
| EX-32.2 - CERTIFICATION OF VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, SECTION 906 - RAYTHEON CO/ | rtn-04032016xexhibit322x10q.htm |
| EX-31.2 - CERTIFICATION OF VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, SECTION 302 - RAYTHEON CO/ | rtn-04032016xexhibit312x10q.htm |
| EX-32.1 - CERTIFICATION OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER, SECTION 906 - RAYTHEON CO/ | rtn-04032016xexhibit321x10q.htm |
| EX-31.1 - CERTIFICATION OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER, SECTION 302 - RAYTHEON CO/ | rtn-04032016xexhibit311x10q.htm |
| 10-Q - FORM 10-Q - RAYTHEON CO/ | rtn-04032016x10q.htm |
| EX-10.4 - EXHIBIT 10.4 - RAYTHEON CO/ | rtn-04x032016xexhibit104.htm |
Exhibit 10.3
 | Thomas A. Kennedy | Raytheon Company | ||
Chairman & Chief Executive Officer | 870 Winter Street | |||
781.522.6400 tel | Waltham, Massachusetts | |||
781.522.6401 fax | 02451 USA | |||
tkennedy1@raytheon.com | ||||
January 23, 2015
Frank R. Jimenez
Dear Frank:
Your offer letter dated December 16, 2014 incorrectly captured certain elements of your stock ownership guidelines and Change in Control benefits. Below please find the corrected details pertaining to these elements.
• | You will be required by the end of your fifth (5th) year in an elected officer capacity to own a minimum of two (2x) times base salary in the form of Raytheon equity. In addition, there is a requirement that each elected officer holds shares of Company "stock owned outright" with a value of at least 1x base salary. Company stock owned outright includes the following Company securities: outright share purchases, shares from restricted stock/unit vestings or acquired upon option exercises; and vested shares or share equivalents in any Company retirement plan (e.g., 401(k), Deferred Compensation Plan). |
• | You will be entitled to a Change in Control Severance Agreement which would provide you with severance benefits equal to one (1) times your annual base salary and target bonus as of the date of the change in control in the event of a change in control of the company as set forth in the attached draft agreement. Please note that the Change in Control Severance Agreement is structured to require both a change in corporate ownership and a loss of employment as those terms are defined in the draft agreement. |
If you have any questions or need additional information, please contact Randa Newsome directly at 781.522.5097.
Sincerely,
/s/ Thomas A. Kennedy
Thomas A. Kennedy
Acknowledged:
/s/ Frank R. Jimenez
Frank R. Jimenez
January 30, 2015