BARNES GROUP INC. EXECUTIVE SEPARATION PAY PLAN
As Amended December 30, 2007
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. A covered employee who is employed outside of the United States of America shall be entitled to the benefits under this
Plan, subject to the terms and conditions hereof, unless severance benefits of other amounts or types and upon different
conditions are prescribed by the laws or customary practices of the jurisdiction where such employee is employed.
3. Payment of Benefits . An employee covered under the Plan is entitled to receive benefits under the Plan if s/he experiences an
involuntary Separation from Service within the meaning of Treasury Regulation section 1.409A-1(n)(1) or has a Separation from
Service pursuant to a window program within the meaning of Treasury Regulation section 1.409A-1(b)(9)(iii) & (vi); provided,
however, that no benefits will be paid under the Plan if:
For purposes of this Plan, a “Separation from Service” means a separation from service with the Company within the meaning of
Treasury Regulation section 1.409A-1(h). An employee who is entitled to receive benefits under the Plan in accordance with
Section 2 and the foregoing provisions of this Section 3 is hereinafter sometimes referred to as a “terminated employee”.
4. Severance Pay.
The minimum severance pay benefit payable under this Plan shall be one month’s base salary or the