Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 30, 2012, B/E Aerospace, Inc. (the "Company") entered into a death
benefit agreement with Werner Lieberherr, its President and Chief Operating
Officer. The Company also amended the existing death benefit agreements with
Amin J Khoury, Chairman and Chief Executive Officer, and Thomas P. McCaffrey,
Senior Vice President and Chief Financial Officer, to increase the amounts of
the death benefits provided therein. The death benefit agreements provide for
the payment of the death benefit to the executive's named beneficiary upon his
death during or after his employment. Mr. Khoury is eligible for a $10 million
death benefit, Mr. Lieberherr is eligible for a $5 million death benefit and Mr.
McCaffrey is eligible for a $4 million death benefit. The Company has funded the
death benefits with whole life insurance policies which will fund 100% of the
Company's obligation upon the executive's death. The employment agreements with
each of Messrs. Khoury, Lieberherr, and McCaffrey were also amended on November
30, 2012 to reflect the death benefit agreements. The material terms of these
employment agreements have been previously disclosed in the Company's Proxy
Statement, filed with the Securities and Exchange Commission on April 27, 2012.