Clarification and Amendment to Lewis B. Campbell Retirement Letter between Textron Inc. and Lewis B. Campbell

Contract Categories: Human Resources › Separation Agreements
Summary

This letter agreement between Textron Inc. and Lewis B. Campbell clarifies and amends a previous retirement letter dated September 22, 2009. It specifies that references to "restricted stock units" in the original letter also include shares of restricted stock. All other terms of the original retirement letter remain unchanged and in effect. The agreement is signed by both parties to confirm their understanding and acceptance of this clarification.

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EX-10.3 11 lbcretirementltrrevised.htm LEWIS B. CAMPBELL CLARIFICATION RETIREMENT LETTER lbcretirementltrrevised.htm

 

 


 
Textron Inc. Tel: (401) 421-2800
40 Westminster Street     
Providence, RI   ###-###-####  
 
 

                                  September 30, 2009

 
Mr. Lewis B. Campbell
40 Westminster Street
Providence, Rhode Island 02903


Re:        Clarification to Retirement Letter

Dear Lewis:
 
This letter amends and clarifies the Retirement letter executed by you and Textron Inc. on September 22, 2009 (the “Retirement Letter”).  For the avoidance of doubt, the parties hereby agree that the reference to “restricted stock units” in paragraph 2(2) of the Retirement Letter includes shares of restricted stock.  As clarified, the terms and conditions of the Retirement Letter remain in full force and effect.
 
Very truly yours,  
     
Textron Inc.  
     
     
     
By:    /s/Lord Powell of Bayswater KCMG  
   Lord Powell of Bayswater KCMG  
   Chairman, Compensation  
   Committee of the Board of  
   Directors  
 
                                     60;                                   
               


Accepted as of the above date by:

 
 
 /s/Lewis B. Campbell
 Lewis B. Campbell