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Raytheon Co – ‘10-K’ for 12/31/13 – ‘EX-10.39’

On:  Tuesday, 2/11/14, at 4:14pm ET   ·   For:  12/31/13   ·   Accession #:  1047122-14-13   ·   File #:  1-13699

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/11/14  Raytheon Co                       10-K       12/31/13  143:26M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.82M 
 3: EX-10.10    Raytheon Excess Pension Plan                        HTML    125K 
 4: EX-10.11    Raytheon Supplemental Executive Retirement Plan     HTML    116K 
 5: EX-10.12    Raytheon Deferred Compensation Plan                 HTML    176K 
 6: EX-10.26    Summary of Raytheon Company Executive Severance     HTML     48K 
                and Change in Control Guidelines                                 
 7: EX-10.31    Summary of Raytheon Company Executive Perquisites   HTML     43K 
                Policy                                                           
 8: EX-10.39    Summary of Raytheon Company Long-Term Performance   HTML     47K 
                Plan                                                             
 2: EX-10.9     Raytheon Excess Savings Plan                        HTML     86K 
10: EX-21       Raytheon Company Subsidiaries                       HTML     43K 
11: EX-23       Consent of Independent Registered Public            HTML     44K 
                Accounting Firm                                                  
 9: EX-12       Statement Regarding Computation of Ratio of         HTML     61K 
                Earnings to Combined Fixed Charges                               
12: EX-31.1     Certification of Chairman and Chief Executive       HTML     50K 
                Officer, Section 302                                             
13: EX-31.2     Certification of Senior Vice President and Chief    HTML     50K 
                Financial Officer, Section 302                                   
14: EX-32.1     Certification of Chairman and Chief Executive       HTML     45K 
                Officer, Section 906                                             
15: EX-32.2     Certification of Senior Vice President and Chief    HTML     45K 
                Financial Officer, Section 906                                   
98: R1          Document and Entity Information Document            HTML     73K 
76: R2          Consolidated Balance Sheets                         HTML    141K 
93: R3          Consolidated Balance Sheets Consolidated Balance    HTML     50K 
                Sheets (Parenthetical)                                           
102: R4          Consolidated Statements of Operations               HTML    139K  
130: R5          Consolidated Statement of Comprehensive Income      HTML     96K  
80: R6          Consolidated Statements of Equity                   HTML     86K 
92: R7          Consolidated Statements of Cash Flows               HTML    169K 
69: R8          Summary of Significant Accounting Policies          HTML    197K 
57: R9          Accounting Standards                                HTML     49K 
132: R10         Acquisitions                                        HTML     94K  
104: R11         Discontinued Operations                             HTML     54K  
103: R12         Contracts in Process, Net                           HTML    105K  
111: R13         Property, Plant and Equipment, Net                  HTML     58K  
112: R14         Other Assets, Net                                   HTML     73K  
108: R15         Derivative Financial Instruments                    HTML     85K  
113: R16         Notes Payable and Long-term Debt                    HTML     87K  
94: R17         Commitments and Contingencies                       HTML    120K 
99: R18         Stockholders' Equity                                HTML    138K 
106: R19         Stock-based Compensation Plans                      HTML    155K  
142: R20         Pension and Other Employee Benefits                 HTML    661K  
122: R21         Income Taxes                                        HTML    146K  
86: R22         Business Segment Reporting                          HTML    205K 
105: R23         Quarterly Operating Results                         HTML    144K  
89: R24         Summary of Significant Accounting Policies          HTML    277K 
                (Policies)                                                       
46: R25         Summary of Significant Accounting Policies          HTML    138K 
                (Tables)                                                         
124: R26         Acquisitions (Tables)                               HTML     76K  
137: R27         Contracts in Process, Net (Tables)                  HTML    100K  
63: R28         Property, Plant and Equipment, Net (Tables)         HTML     56K 
62: R29         Other Assets, Net (Tables)                          HTML     67K 
67: R30         Derivative Financial Instruments (Tables)           HTML     71K 
68: R31         Notes Payable and Long-term Debt (Tables)           HTML     85K 
70: R32         Commitments and Contingencies (Tables)              HTML     96K 
32: R33         Stockholders' Equity (Tables)                       HTML    131K 
120: R34         Stock-based Compensation Plans (Tables)             HTML    150K  
84: R35         Pension and Other Employee Benefits (Tables)        HTML    657K 
87: R36         Income Taxes (Tables)                               HTML    141K 
51: R37         Business Segment Reporting (Tables)                 HTML    209K 
141: R38         Quarterly Operating Results, Unaudited (Tables)     HTML    143K  
22: R39         Summary of Significant Accounting Policies          HTML     95K 
                (Narrative) (Details)                                            
73: R40         Summary of Significant Accounting Policies Summary  HTML     59K 
                of Significant Accounting Policies (Net EAC                      
                adjustments) (Details)                                           
128: R41         Summary of Significant Accounting Policies Summary  HTML     45K  
                of Significant Accounting Policies (Available for                
                Sale Securities) (Details)                                       
48: R42         Summary of Significant Accounting Policies          HTML     53K 
                (Inventory) (Details)                                            
61: R43         Summary of Significant Accounting Policies          HTML     47K 
                (Property, Plant and Equipment, Net) (Details)                   
66: R44         Summary of Significant Accounting Policies Summary  HTML    111K 
                of Significant Accounting Policies (Comprehensive                
                Income) (Details)                                                
77: R45         Acquisitions (Narrative) (Details)                  HTML     61K 
31: R46         Acquisitions (Rollforward of Goodwill by Segments)  HTML     58K 
                (Details)                                                        
56: R47         Discontinued Operations (Narrative) (Details)       HTML     57K 
25: R48         Contracts in Process, Net (Narrative) (Details)     HTML     51K 
126: R49         Contracts in Process, Net (Contracts in Process)    HTML     72K  
                (Details)                                                        
47: R50         Property, Plant and Equipment, Net (Narrative)      HTML     45K 
                (Details)                                                        
121: R51         Property, Plant and Equipment, Net (Property,       HTML     60K  
                Plant and Equipment, Net) (Details)                              
52: R52         Other Assets, Net (Narrative) (Details)             HTML     76K 
74: R53         Other Assets, Net (Schedule of Other Assets Net)    HTML     60K 
                (Details)                                                        
24: R54         Other Assets, Net (Schedule of Investments          HTML     51K 
                Included in Other Assets Net) (Details)                          
28: R55         Derivative Financial Instruments (Narrative)        HTML     75K 
                (Details)                                                        
65: R56         Derivative Financial Instruments (Fair Value of     HTML     52K 
                Asset and Liability Derivatives Related to Foreign               
                Currency Forward Contracts) (Details)                            
37: R57         Derivative Financial Instruments (Pretax Gains      HTML     53K 
                (Losses) Related to Foreign Currency Forward                     
                Contracts Designated as Cash Flow Hedges)                        
                (Details)                                                        
133: R58         Notes Payable and Long-term Debt (Narrative)        HTML     81K  
                (Details)                                                        
82: R59         Notes Payable and Long-term Debt (Schedule of       HTML     59K 
                Notes Payable and Long-term Debt) (Details)                      
109: R60         Notes Payable and Long-term Debt Notes Payable and  HTML     44K  
                Long-term Debt (Fair value of long-term debt)                    
                (Details)                                                        
55: R61         Notes Payable and Long-term Debt (Adjustments and   HTML     65K 
                payments to the Principal Amounts of Long-term                   
                Debt) (Details)                                                  
59: R62         Commitments and Contingencies (Narrative)           HTML     88K 
                (Details)                                                        
118: R63         Commitments and Contingencies (Schedule of Annual   HTML     59K  
                Rentals on a Lease Basis) (Details)                              
114: R64         Commitments and Contingencies (Estimates of Total   HTML     54K  
                Remediation Costs, Weighted Average Risk-Free                    
                Rate, Total Remediation Costs - Discounted and                   
                Recoverable Portion) (Details)                                   
85: R65         Commitments and Contingencies (Schedule of          HTML     58K 
                Environmental Remediation Costs) (Details)                       
116: R66         Commitments and Contingencies (Stated Values        HTML     48K  
                Outstanding) (Details)                                           
53: R67         Commitments and Contingencies (Activity Related to  HTML     51K 
                Product Warranty Accruals) (Details)                             
90: R68         Stockholders' Equity (Narrative) (Details)          HTML     81K 
136: R69         Stockholders' Equity (Changes in Shares of Common   HTML     52K  
                Stock Outstanding) (Details)                                     
27: R70         Stockholders' Equity (Repurchases of Common Stock   HTML     51K 
                Under Share Repurchase Programs) (Details)                       
45: R71         Stockholders' Equity (EPS from Continuing           HTML     70K 
                Operations Attributable to Raytheon Company Common               
                Stockholders and Unvested Share-Based Payment                    
                Awards) (Details)                                                
75: R72         Stockholders' Equity Stockholders' Equity (Income   HTML     48K 
                attributable to participating securities)                        
                (Details)                                                        
35: R73         Stockholders' Equity (Weighted-Average Shares       HTML     58K 
                Outstanding for Basic and Diluted EPS) (Details)                 
140: R74         Stockholders' Equity (Stock Options Included in     HTML     45K  
                and Excluded from Calculations) (Details)                        
49: R75         Stock-based Compensation Plans (Narrative)          HTML     82K 
                (Details)                                                        
39: R76         Stock-based Compensation Plans Stock-based          HTML     48K 
                compensation (Details)                                           
44: R77         Stock-based Compensation Plans (Restricted Stock    HTML     67K 
                Activity Disclosure) (Details)                                   
29: R78         Stock-based Compensation Plans (Long-Term           HTML     72K 
                Performance Plan Activity) (Details)                             
33: R79         Stock-based Compensation Plans (Stock Option        HTML     77K 
                Activity Plan) (Details)                                         
100: R80         Stock-based Compensation Plans (Schedule of Stock   HTML     56K  
                Option Outstanding and Exercisable) (Details)                    
41: R81         Pension and Other Employee Benefits (Narrative)     HTML    181K 
                (Details)                                                        
134: R82         Pension and Other Employee Benefits Pension and     HTML     47K  
                Other Employee Benefits (Fair value of plan                      
                assets) (Details)                                                
71: R83         Pension and Other Employee Benefits Pension and     HTML     45K 
                Other Employee Benefits (Marketable securities                   
                held in trust) (Details)                                         
107: R84         Pension and Other Employee Benefits Pension and     HTML     49K  
                Other Employee Benefits (Pension Contributions)                  
                (Details)                                                        
115: R85         Pension and Other Employee Benefits (Pension        HTML     60K  
                Benefits Expected to be Paid from Plans or                       
                Companies Assets) (Details)                                      
40: R86         Pension and Other Employee Benefits (Schedule of    HTML     67K 
                Components of Net Periodic Benefit Expense                       
                (Income) Pension) (Details)                                      
43: R87         Pension and Other Employee Benefits (Schedule of    HTML     66K 
                Components of Net Periodic Benefit Expense                       
                (Income) Other Benefits) (Details)                               
131: R88         Pension and Other Employee Benefits (Schedule of    HTML     58K  
                Funded Status Amounts Recognized on the Balance                  
                Sheet) (Details)                                                 
36: R89         Pension and Other Employee Benefits (Schedule of    HTML     60K 
                Reconciliation of Amounts on the Balance Sheets)                 
                (Details)                                                        
101: R90         Pension and Other Employee Benefits (Source of      HTML     79K  
                Change in Accumulated Other Comprehensive Loss)                  
                (Details)                                                        
97: R91         Pension and Other Employee Benefits (Adjustment to  HTML     50K 
                Accumulated Other Comprehensive Loss) (Details)                  
119: R92         Pension and Other Employee Benefits (PBO & ABO      HTML     53K  
                Schedule) (Details)                                              
96: R93         Pension and Other Employee Benefits (Schedule of    HTML     77K 
                Change in Projected Benefit Obligation) (Details)                
81: R94         Pension and Other Employee Benefits (Schedule of    HTML     68K 
                Change in Plan Assets) (Details)                                 
125: R95         Pension and Other Employee Benefits (Schedule of    HTML     69K  
                Weighted-Average Net Periodic Benefit Cost                       
                Assumptions) (Details)                                           
78: R96         Pension and Other Employee Benefits (Schedule of    HTML     61K 
                Weighted-Average Year-End Benefit Obligation                     
                Assumptions) (Details)                                           
50: R97         Pension and Other Employee Benefits Pension and     HTML     47K 
                Other Employee Benefits (Long term returns used in               
                ROA assumptions) (Details)                                       
88: R98         Pension and Other Employee Benefits (Schedule of    HTML     56K 
                Investment Allocation Ranges) (Details)                          
83: R99         Pension and Other Employee Benefits (Schedule of    HTML    154K 
                Fair Value Measurements of the Company's Pension                 
                Plan Assets By Asset Category And By Level)                      
                (Details)                                                        
64: R100        Pension and Other Employee Benefits (Schedule of    HTML     90K 
                Fair Value Measurements Using Significant                        
                Unobservable Inputs) (Details)                                   
143: R101        Pension and Other Employee Benefits Pension and     HTML     49K  
                Other Employee Benefits (VEBA Trusts) (Details)                  
117: R102        Income Taxes (Narrative) (Details)                  HTML     83K  
95: R103        Income Taxes (Schedule of Provision for Federal     HTML     61K 
                and Foreign Income Taxes) (Details)                              
30: R104        Income Taxes (Schedule of Expenses for Income       HTML     63K 
                Taxes that Differ from the US Statutory Rate                     
                Reconciliation) (Details)                                        
127: R105        Income Taxes Income Taxes (Schedule of Domestic     HTML     48K  
                and Foreign Income from continuing operations                    
                before taxes) (Details)                                          
135: R106        Income Taxes Income Taxes Paid, Net (Schedule of    HTML     47K  
                Income Taxes Paid, Net)( Details)                                
129: R107        Income Taxes (Rollforward of Unrecognized Tax       HTML     55K  
                Benefits) (Details)                                              
91: R108        Income Taxes (Schedule of Deferred Income Tax)      HTML     83K 
                (Details)                                                        
38: R109        Business Segment Reporting (Segment Operating       HTML     76K 
                Performance) (Details)                                           
110: R110        Business Segment Reporting (Components of           HTML     52K  
                Operating Income) (Details)                                      
54: R111        Business Segment Reporting (Capital Expenditures)   HTML     50K 
                (Details)                                                        
23: R112        Business Segment Reporting (Depreciation and        HTML     51K 
                Amortization) (Details)                                          
79: R113        Business Segment Reporting (Components of           HTML     50K 
                Identifiable Assets) (Details)                                   
72: R114        Business Segment Reporting (Schedule of Total Net   HTML     57K 
                Sales by Geographic Areas) (Details)                             
123: R115        Business Segment Reporting Business Segment         HTML     49K  
                Reporting (Sales to Major Customers) (Details)                   
58: R116        Business Segment Reporting (Schedule of Property    HTML     47K 
                Plant and Equipment by Geographic Area) (Details)                
139: R117        Quarterly Operating Results (Narrative) (Details)   HTML     61K  
34: R118        Quarterly Operating Results (Schedule of Quarterly  HTML     93K 
                Operating Results) (Details)                                     
138: XML         IDEA XML File -- Filing Summary                      XML    225K  
26: EXCEL       IDEA Workbook of Financial Reports                  XLSX    497K 
60: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   4.22M 
16: EX-101.INS  XBRL Instance -- rtn-20131231                        XML   6.51M 
18: EX-101.CAL  XBRL Calculations -- rtn-20131231_cal                XML    332K 
19: EX-101.DEF  XBRL Definitions -- rtn-20131231_def                 XML   1.72M 
20: EX-101.LAB  XBRL Labels -- rtn-20131231_lab                      XML   2.91M 
21: EX-101.PRE  XBRL Presentations -- rtn-20131231_pre               XML   1.95M 
17: EX-101.SCH  XBRL Schema -- rtn-20131231                          XSD    326K 
42: ZIP         XBRL Zipped Folder -- 0001047122-14-000013-xbrl      Zip    508K 


‘EX-10.39’   —   Summary of Raytheon Company Long-Term Performance Plan


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 <!   C:   C: 
  RTN-12.31.2013-Exhibit 10.39  

Exhibit 10.39
Summary of Raytheon Company Long-Term Performance Plan
 
The Long-Term Performance Plan (the “LTPP”) is an incentive compensation plan for Raytheon Company (the “Company”) senior executives, including executive officers, designed to promote leadership teamwork toward achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals.
 
Each participating senior executive will receive a restricted stock unit award under the LTPP which will entitle the executive to the right to earn shares of the Company’s common stock or cash upon the attainment of the pre-established performance goals over a three-year plan period. The fully independent Management Development and Compensation Committee (the “Committee”) of the Company’s Board of Directors establishes the specific pre-established levels of Company performance for each three year LTPP cycle.
 
The Committee approved three metrics for purposes of determining performance goals weighted as follows: return on invested capital (50%); cumulative free cash flow (25%); and total shareholder return (25%). The goals are independent and additive, which means that if the threshold performance as to one measure is missed, no credit would apply to that element, but could be made up for by above-target performance in another area.
 
 
Each executive will receive an award with a threshold, target and maximum payout. The awards will settle based upon our performance over the cumulative three-year plan period with respect to the stated goals. If the Company’s performance with respect to all three metrics fails to meet the threshold, then the awards will not vest and no payout under the awards will be made. If the Company’s performance with respect to any or all of the three metrics meets or exceeds the threshold, then a varying amount of shares or cash, up to the maximum, may be earned.
 
The awards may be settled in shares of the Company’s common stock or cash at the discretion of the Committee. The LTPP operates under, and awards are made pursuant to, the Company’s 2010 Stock Plan. All shares to be issued in settlement of awards shall be issued pursuant to the 2010 Stock Plan.
 
 
 
Dividend equivalents will accrue on the restricted stock units and be paid in shares of common stock upon settlement of the awards based upon the number of shares of common stock actually earned pursuant to the award.
 
The Committee will review the Company’s performance relative to the applicable metrics and authorize payment in settlement of the awards, if any, after performance results for the three-year performance period are known.
 
 
 
 
 
 
 
 



4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/05/24  RTX Corp.                         10-K       12/31/23  130:19M
 2/07/23  RTX Corp.                         10-K       12/31/22  135:23M
 2/11/22  RTX Corp.                         10-K       12/31/21  138:24M
 2/08/21  RTX Corp.                         10-K       12/31/20  153:28M
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Filing Submission 0001047122-14-000013   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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