EMPLOYMENT AGREEMENTEmployment Agreement • October 11th, 2011 • Harris Corp /De/ • Search, detection, navagation, guidance, aeronautical sys • Florida
This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into on October 8, 2011, to be effective as of the Effective Date (as hereinafter defined), by and between Harris Corporation (the “Company”) and William M. Brown (the “Executive”).
HARRIS CORPORATION Corporate Headquarters Melbourne, FL USA 32919Retirement Agreement • October 11th, 2011 • Harris Corp /De/ • Search, detection, navagation, guidance, aeronautical sys • Florida
You previously communicated to the Board that you would retire as the Chairman, President and Chief Executive Officer of Harris Corporation (the “Company”) at such time as the Board identified a suitable successor Chief Executive Officer (“CEO”), which has now occurred. Accordingly, this letter (this “Agreement”) will set forth our mutual understanding as to the rights and obligations of you and the Company in connection with your retirement. We trust that these arrangements will provide for a smooth transition of responsibilities to the new CEO.
