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EXHIBIT 10.14
RAYTHEON COMPANY
CHANGE IN CONTROL SEVERANCE AGREEMENT
AMENDMENT NO. 2
This agreement amends the Change in Control Severance Agreement ("CIC
Agreement") by and between Raytheon Company (the "Company") and Xxxxxxx X.
Xxxxxxx (the "Executive"), dated as of November 22, 1995, as amended by letter
agreement dated February 5, 1997 (Amendment No. 1).
The CIC Agreement provides in Paragraph 1.8: "Qualifying Termination"
that the Executive is entitled to certain Severance Benefits following events
occurring within twenty-four (24) months after a Change in Control. This
amendment hereby substitutes the word "sixty (60)" for the words "twenty-four
(24)."
Therefore, the parties agree that the Executive is entitled to
Severance Benefits if he experiences a Qualifying Termination in his current
capacity as President, Electronic Systems prior to December 17, 2002.
Dated: 12/17/99 Xxxxxxx X. Xxxxxxx
President, Electronic Systems
RAYTHEON COMPANY
Dated: 12/17/99 By /s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx
Senior Vice President,
Human Resources
cc: X. X. Xxxxx
X. X. Xxxxxxxxx
