BARNES GROUP INC. EXECUTIVE SEPARATION PAY PLAN
1. Purpose. The purpose of the Barnes Group Inc. Executive Separation Pay Plan (the "Plan") is to provide
appropriate benefits to eligible executives of Barnes Group Inc. (the "Company") whose employment is
terminated by the Company.
2. Covered Employees. Full-time salaried employees of the Company who are in salary grades 24 and above,
and full-time salaried employees of the Company who are in salary grades 18 through 23 who have at least six
months of service, are covered by the Plan. A person is considered to be a full-time employee if the person is
regularly scheduled to work at least 30 hours per week.
3. Payment of Benefits. An employee covered under the Plan is entitled to receive benefits under the Plan if
his/her employment is terminated by the Company; provided, however, that no benefits will be paid under the
(a) the termination action is determined by the Company to be based on misconduct of any type including, but not
limited to, violation of any Company rules or policies, or activity which results in the conviction of a felony; or
(b) the termination is the result of the sale of the stock or substantially all of the assets of a business unit of the
Company and the employee is offered employment by the purchaser, within 30 days after the closing of the sale,
in a position that is at least comparable to, and for compensation and benefits that are, in the aggregate, at least
substantially equivalent to, the employee's position, compensation and benefits with the Company prior to the
4. SEVERANCE PAY
4.1 A terminated employee who is entitled to receive benefits under this Plan is eligible to receive severance pay
based on the following schedule:
(a) Grades 18-20: four months of base salary plus an additional two weeks of base salary for each year of
service over five years up to a maximum total payment of six months of base salary.
(b) Grades 21-23: seven months of base salary.
(c) Grades 24