June 18, 2022 Mr. Patrick J. Dempsey Avon, Connecticut 06001 Re: Transition and Retirement Agreement Dear Mr. Dempsey:Transition and Retirement Agreement • June 21st, 2022 • Barnes Group Inc • Miscellaneous fabricated metal products • Connecticut
This letter agreement (this “Agreement”) sets forth the terms of your voluntary resignation from the position of President and Chief Executive Officer, Barnes Group Inc. (the “Company”), effective as of July 14, 2022 at 12:00 a.m. Eastern Daylight Time (the “Transition Date”), and your continued employment as Executive Vice Chairman of the Company to provide transition services from the Transition Date through your retirement at the close of business on December 31, 2022 (the “Retirement Date”). For purposes of this Agreement, the period from the Transition Date through the Retirement Date is the “Transition Period”.
BARNES GROUP INC.Non-Disclosure, Non-Competition, Non-Solicitation and Non-Disparagement Agreement • June 21st, 2022 • Barnes Group Inc • Miscellaneous fabricated metal products • Connecticut
In consideration of your hire and appointment to President and Chief Executive Officer with Barnes Group Inc. (the "Company"), and the severance and other enhanced compensation and benefits set forth in the Offer Letter between you and the Company, dated June 18, 2022 (the "Offer Letter"), and for other good and valuable consideration, the receipt and sufficiency of which you hereby acknowledge, you agree to this Employee Non-Disclosure, Non-Competition, Non-Solicitation and Non-Disparagement Agreement (this "Agreement").
