Form of Raytheon Company Change In Control Severance AgreementControl Severance Agreement • February 24th, 2010 • Raytheon Co/ • Search, detection, navagation, guidance, aeronautical sys
The Board of Directors of Company believes it is in the best interests of the Company and its stockholders to have the continued dedication of Executive notwithstanding the possibility, threat or occurrence of a Change in Control (as defined in Section 1.5); to diminish the inevitable distraction of Executive due to personal uncertainties and risks created by a threatened or pending Change in Control; and to provide Executive with compensation and benefits arrangements upon a Change in Control which are competitive with those offered by other corporations.
FORM OF AMENDMENT RAYTHEON COMPANY CHANGE IN CONTROL SEVERANCE AGREEMENTCompany Change in Control Severance Agreement • February 24th, 2010 • Raytheon Co/ • Search, detection, navagation, guidance, aeronautical sys
This Amendment (the “Amendment”) amends the Raytheon Company Change in Control Severance Agreement (the “Agreement”) dated as of , 200 , as previously amended, by and between Raytheon Company (the “Company”) and the individual signing below as Executive (“Executive”) as follows, effective as of January 1, 2010:
