RAYTHEON EXCESS PENSION PLAN
NAME, PURPOSE, AND EFFECTIVE DATE
The Raytheon Excess Pension Plan (“Plan”) is hereby established effective January 1, 1999. The Plan is both an excess
benefit plan as defined in Section 3(36) of ERISA and a nonqualified, unfunded plan designed to provide supplemental
retirement benefits to a select group of management or highly compensated employees within the meaning of Section 201(2) of
ERISA. The Plan is a new plan that replaces and supercedes all other excess benefit plans established by Raytheon Company
and any of its affiliates with respect to any Retirement Plans. In no event shall a Participant be entitled to duplicate excess
benefits with respect to his or her participation in any of the Retirement Plans.
When used herein, the following terms shall have the following meanings unless a different meaning is clearly required by
the context of the Plan.
2.1 Affiliate . A trade or business that, together with Raytheon Company, is a member of (i) a controlled group of
corporations within the meaning of Section 414(b) of the Code; (ii) a group of trades or businesses (whether or not
incorporated) under common control as defined in Section 414(c) of the Code, or (iii) an affiliated service group as defined in
Section 414(m) of the Code, or which is an entity otherwise required to be aggregated with Raytheon Company pursuant to
Section 414(o) of the Code.
2.2 Beneficiary . “Beneficiary” shall mean the person or persons (including a trust or trusts) who are entitled to receive
benefits under the Retirement Plans in the event of the Participant’s death (whether or not such person or persons are expressly
so designated by the Participant).
2.3 Code . The “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.
2.4 Company . “Company” shall mean Raytheon Company and its Affiliates. The participating Companies shall act with
respect to the Plan th