May 30, 2022
CONFIDENTIAL
William Kircher
7018 Woodland Drive
Dallas, TX 75225
Dear Bill,
The purpose of this letter agreement (the “Agreement”) is to set forth the terms of your separation from Triumph Group, Inc. (“Triumph” or the “Company”). You and Triumph acknowledge and agree that your separation is deemed to be a “Qualifying Termination” for purposes of the Triumph Group, Inc. Executive Change in Control and General Severance Plan for Executive and Management Employees (the “Severance Plan”). We appreciate your service to Triumph and thank you for all of your efforts. In recognition of your service to Triumph and you’re agreeing to be bound by the terms and conditions of this Agreement, we have agreed to the following exit package for you:
All payments made pursuant to this Agreement shall be less all lawfully required deductions and withholdings. You acknowledge and agree that the Separation Package and other commitments by Triumph set forth herein constitute good and valuable consideration for this Agreement, which you would otherwise not be entitled to absent your execution of this Agreement. As such, your receipt of the Separation Package is expressly conditioned on your execution and non-revocation of this Agreement including but not necessarily limited to the release provisions of sections 7 and 14 hereof. You agree to be solely responsible for determining the tax consequences of the payments made to you under this Agreement, reporting the same to the appropriate governmental authorities, and the payment of any taxes due. You shall defend, indemnify, and hold the Released Parties (as defined below) harmless from and against any and all losses including, but not limited to, attorneys’ fees, costs, back taxes, interest and penalties, except legally mandated employer contributions, as a result of such tax determination, the reporting or the non-reporting thereof, and/or the payment or failure to pay any tax thereon.
Thank you for your service and support to Triumph.
Sincerely,
/s/ Katie J. Rykal
Katie J. Rykal
Vice President, Human Resources
If the terms of this Agreement are acceptable to you, please sign and date a copy of this Agreement and return it to me.
/s/ William Kircher
William Kircher
May 31, 2022
Date