Common use of Performance Bonus Plan Clause in Contracts

Performance Bonus Plan. (a) The Company intends to pay a performance bonus when financial performance equals or 15 exceeds the established targets. Beginning with the 2011 Plan Year, employees covered by this 16 collective bargaining agreement will participate in the Spirit AeroSystems Holdings, Inc. Incentive 17 Award Plan for Salaried Employees (M&S Bonus Plan), as it may be amended from time-to-time. 18 Targets will be the same as in the existing M&S Bonus Plan or any changes to the existing plan 19 during the duration of this agreement. If the M&S Incentive Award Plan is discontinued for the 20 M&S Payroll, and employees on that Payroll are moved to a different Incentive Plan, the WTPU 22 in that new plan in lieu of continued participation in the M&S Incentive Award Plan. Payments will 23 be as follows: 24 25 • Plan Years 2011, 2012, 2013, 2014, and 2015: 35% of Eligible Pay at Target and 610% of 26 Eligible Pay at Maximum. For Plan Year 2011, a Two Thousand ($2,000) Dollars 27 guaranteed advance on the 2011 Plan Year payment will be paid within thirty (30) calendar 28 days of ratification to each active employee in the WTPU unit on the date of ratification. 30 Two Thousand ($2,000) Dollars, but not below $0.00. 31 • Plan Years 2012 and 20132016, 2017, 2018, 2019, and 2020: 56% of Eligible Pay at Target 32 and 1012% of Eligible Pay at Maximum.

Performance Bonus Plan. (a) The Company intends to pay a performance bonus when financial performance equals or 15 12 exceeds the established targets. Beginning with the 2011 Plan Year, employees covered by this 16 13 collective bargaining agreement will participate in the Spirit AeroSystems Holdings, Inc. Incentive 17 14 Award Plan for Salaried Employees (M&S Bonus Plan), as it may be amended from time-to-time. 18 15 Targets will be the same as in the existing M&S Bonus Plan or any changes to the existing plan 19 16 during the duration of this agreement. If the M&S Incentive Award Plan is discontinued for the 20 17 M&S Payroll, and employees on that Payroll are moved to a different Incentive Plan, the WTPU 22 18 Bargaining Unit employees covered by this Agreement will be afforded an opportunity to participate 19 in that new plan in lieu of continued participation in the M&S Incentive Award Plan. Payments will 23 20 be as follows: 24 25 22 • Plan Years 2011, 2011 and 2012, 2013, 2014, and 2015: 353% of Eligible Pay at Target and 6106% of 26 Eligible Pay at 23 Maximum. For Plan Year 2011, a Two Thousand Dollars ($2,000) Dollars 27 guaranteed advance on 24 the 2011 Plan Year payment will be paid within thirty (30) calendar 28 days of ratification to 25 each active employee in the WTPU unit on the date of ratification. 30 This advance shall reduce 26 the employee’s Incentive Award Plan payment in March 2012 by Two Thousand Dollars 27 ($2,000) Dollars), but not below $0.00. 31 • Plan Years 2012 and 20132016, 2017, 2018, 2019, and 2020: 56% of Eligible Pay at Target 32 and 1012% of Eligible Pay at Maximum.

Performance Bonus Plan. (a) The Company intends to pay a performance bonus when financial performance equals or 15 31 exceeds the established targets. Beginning with the 2011 Plan Year, employees covered by this 16 32 collective bargaining agreement will participate in the Spirit AeroSystems Holdings, Inc. Incentive 17 1 Award Plan for Salaried Employees (M&S Bonus Plan), as it may be amended from time-to-time. 18 2 Targets will be the same as in the existing M&S Bonus Plan or any changes to the existing plan 19 3 during the duration of this agreement. If the M&S Incentive Award Plan is discontinued for the 20 4 M&S Payroll, and employees on that Payroll are moved to a different Incentive Plan, the WTPU 22 6 in that new plan in lieu of continued participation in the M&S Incentive Award Plan. Payments will 23 7 be as follows: 24 25 • 9  Plan Years 2011, 2011 and 2012, 2013, 2014, and 2015: 353% of Eligible Pay at Target and 6106% of 26 Eligible Pay at 10 Maximum. For Plan Year 2011, a Two Thousand Dollars ($2,000) Dollars 27 guaranteed advance on 11 the 2011 Plan Year payment will be paid within thirty (30) calendar 28 days of ratification to 12 each active employee in the WTPU unit on the date of ratification. 30 This advance shall reduce 13 the employee’s Incentive Award Plan payment in March 2012 by Two Thousand Dollars 14 ($2,000) Dollars, but not below $0.00. 31 • Plan Years 2012 and 20132016, 2017, 2018, 2019, and 2020: 56% of Eligible Pay at Target 32 and 1012% of Eligible Pay at Maximum.