Amendment to Employee Offer Letter Between Raytheon Company and Keith J. Peden (February 5, 2010)
Raytheon Company and Keith J. Peden have agreed to amend the original employment offer letter dated April 9, 2001. Effective January 1, 2010, all provisions in the original agreement that allowed for the continuation of perquisites (benefits) after separation from service, including in the event of a Change in Control, are removed. Both parties have signed to confirm their acceptance of this amendment.
Exhibit 10.59
AMENDMENT OF KEITH PEDEN’S
APRIL 9, 2001 OFFER LETTER
The employment offer letter dated April 9, 2001, from Raytheon Company to Keith Peden and the enclosures with it are amended as follows, effective as of January 1, 2010:
All references to continuation of perquisites after a separation from service,
whether in connection with a Change in Control or otherwise, are deleted.
By signing below, Raytheon Company and Keith Peden agree to the terms of this Amendment.
| Raytheon Company | Keith J. Peden | |||||
| /s/ Jay B. Stephens | /s/ Keith J. Peden | |||||
| Jay B. Stephens | February 5, 2010 | |||||
| Senior Vice President, General | ||||||
| Counsel and Secretary | ||||||
