Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
First Amendment to Employment Agreement with
OnMarch 4, 2021 ,Raytheon Technologies Corporation (the "Company") andGregory J. Hayes entered into the First Amendment to the Employment Agreement between the Company andMr. Hayes datedJune 9, 2019 (the "Hayes Employment Agreement"). The Amendment modifies the provisions of the Employment Agreement relating to annual equity award grants to give discretion to the Compensation Committee of the Company's Board of Directors to determine the amount of the grants each year.
The foregoing description of the First Amendment to the Hayes Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the First Amendment to the Hayes Employment Agreement, a copy of which is attached hereto as Exhibit 10.1 and is hereby incorporated herein by reference.
First Amendment to Employment Agreement with
Concurrently with amending the Hayes Employment Agreement, onMarch 4, 2021 , the Company andThomas A. Kennedy also entered into the First Amendment to the Employment Agreement between the Company andMr. Kennedy datedJune 9, 2019 , the terms of which are substantially similar to the terms of the First Amendment to the Hayes Employment Agreement. Section 9-Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 10.1 First Amendment, datedMarch 4, 2021 , to Employment
Agreement between Gregory
J. Hayes andRaytheon Technologies Corporation . 104 Cover Page Interactive Data File - the cover page
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the Inline XBRL document.
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