Text of Option Amendments Made in July 2012 (November 15th, 2013)
RESOLVED, that by virtue of the authority vested in the Committee pursuant to the TransDigm Group Incorporated 2006 Stock Incentive Plan, as amended (the2006 Plan), the Committee hereby amends Section 3.3 of all of the outstanding option agreements for John Leary, James Skulina and Peter Palmer by deleting the text thereof and replacing it as follows:
TEXT OF OPTION AMENDMENTS Adjustment of AOP Targets in Outstanding Option Awards Five Year Pre-2012 Options (November 26th, 2012)
RESOLVED, that by virtue of the authority vested in the Compensation Committee (the Committee) pursuant to each of the outstanding stock option agreements granted prior to fiscal 2012 for five year awards and in effect as of the date hereof under the Plan (the Five Year Pre-2012 Outstanding Option Agreements), the Committee hereby amends the table in Exhibit B to all of such Five Year Pre-2012 Outstanding Option Agreements by deleting the existing table and substituting therefor the following:
Contract (April 24th, 2012)
Employment Agreement (April 24th, 2012)
THIS AGREEMENT, dated as of April 20, 2012, is made by and between TransDigm Group Incorporated, a Delaware corporation (the Company), and Peter Palmer (the Executive).