Exhibit
10.1


 


AMENDMENT TO THE


ALLIANT TECHSYSTEMS INC.


DEFINED  CONTRIBUTION
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN


 


Amended as of December 10, 2007


 


The
Alliant Techsystems Inc. Defined Contribution Supplemental Executive Retirement
Plan (“Plan”) as amended and restated effective October 29, 2007 is hereby
amended effective December 10, 2007, to amend the Plan as follows:


 


I.
Section 1.21 is hereby amended to read in its entirety as follows:


 


1.21 “Investment Election
Form” shall mean the form, which may be in electronic format, established from
time to time by the Senior Vice President of Human Resources,  that a Participant completes, signs and
returns to the Company to make an election under the Plan.


 


II.
Section 1.26 is hereby amended to read in its entirety as follows:


 


1.26  “PIC” shall mean the ATK Pension Investment
Committee. “PRC” shall mean the ATK Pension and Retirement Committee.


 


III.
Section 3.4 is hereby amended to read in its entirety as follows:


 


3.4       Crediting
and Debiting of Account Balances.  In accordance with, and subject to, the rules and
procedures that are established from time to time by the Senior Vice President
of Human Resources, amounts shall be credited or debited to a Participant’s
Account Balance in accordance with the following rules:


 


(a)                                  Measurement
Funds.  The
Participant may elect one or more of the measurement funds selected by the PIC,
in its sole discretion, which are based on certain mutual funds or other
collective investment vehicles (the “Measurement Funds”), for the purpose of
crediting or debiting additional amounts to his or her Account Balance.  As necessary, the PIC may, in its sole
discretion, discontinue, substitute or add a Measurement Fund.  Each such action will take effect as of the
first day of the first calendar quarter that begins at least 30 days after the
day on which the Senior Vice President of Human Resources gives Participants
advance written notice of such change. 
Notwithstanding the above, no Measurement Fund shall be based primarily
on common stock or other securities of the Company.


 


(b)                                 Election of Measurement
Funds.  A Participant, in connection with his or her
initial commencement of participation in the Plan, shall elect, on the
Investment Election Form, one or more Measurement Fund(s) (as described in
Section 3.4(a) above) to be used to determine the amounts to


 


 


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be credited or debited to his or her Account
Balance.  If a Participant does not elect
any of the Measurement Funds as described in the previous sentence, the
Participant’s Account Balance shall automatically be allocated into the
Measurement Fund as determined by the PRC from time to time, in its sole
discretion.  The Participant may (but is
not required to) elect, by submitting an Investment Election Form to the
Company that is accepted by the Company, to add or delete one or more
Measurement Fund(s) to be used to determine the amounts to be credited or
debited to his or her Account Balance, or to change the portion of his or her
Account Balance allocated to each previously or newly elected Measurement
Fund.  If an election is made in
accordance with the previous sentence, it shall apply as of the first business
day that is administratively practicable, and shall continue thereafter for
each subsequent day in which the Participant participates in the Plan, unless
changed in accordance with the previous sentence.


 


(c)                                  Proportionate
Allocation.  In making
any election described in Section 3.4(b) above, the Participant shall
specify on the Investment Election Form, in increments of 1%, the percentage of
his or her Account Balance or Measurement Fund, as applicable, to be
allocated/reallocated.


 


(d)                                 Crediting
or Debiting Method.  The
performance of each Measurement Fund (either positive or negative) will be
determined on a daily basis based on the manner in which such Participant’s
Account Balance has been hypothetically allocated among the Measurement Funds
by the Participant.


 


(e)                                  No
Actual Investment. 
Notwithstanding any other provision of this Plan that may be interpreted
to the contrary, the Measurement Funds are to be used for measurement purposes
only, and a Participant’s election of any such Measurement Fund, the allocation
of his or her Account Balance thereto, the calculation of additional amounts
and the crediting or debiting of such amounts to a Participant’s Account
Balance shall  not be considered or construed in any manner as an
actual investment of his or her Account Balance in any such Measurement
Fund.  In the event that the Company or
the Trustee (as that term is defined in the Trust), in its own discretion,
decides to invest funds in any or all of the investments on which the
Measurement Funds are based, no Participant shall have any rights in or to such
investments themselves.  Without limiting
the foregoing, a Participant’s Account Balance shall at all times be a
bookkeeping entry only and shall not represent any investment made on his or
her behalf by the Company or the Trust; the Participant shall at all times
remain an unsecured creditor of the Company.


 


IV.
Section 5.6 of the Plan is hereby amended to read in its entirety as
follows:


 


 


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5.6  Discharge of Obligations.  The payment of benefits under the Plan to a
Beneficiary (as the Beneficiary is determined by the Senior Vice President of
Human Resources) shall fully and completely discharge the Company, the
Employer, the Committee, the PRC, PIC and the Senior Vice President of Human
Resources from all further obligations under this Plan with respect to the
Participant.


 


V.
Section 7.2(a) of the Plan is hereby amended to read in its entirety
as follows:


 


7.2   Amendment.


 


(a)                                  The Committee
may, at any time, amend or modify the Plan in whole or in part.  Notwithstanding the foregoing, no amendment
shall be effective to decrease the value of a Participant’s vested Account
Balance in existence at the time the amendment is made. In no event shall the Company, the
Employer, the PRC, the PIC or the Committee be responsible for any decline in a
Participant’s Account Balance as a result of the selection, discontinuation,
addition, substitution, crediting or debiting of the Measurement Funds pursuant
to Section 3.4.


 


VI. Section 8.4 of the
Plan is hereby amended to read in its entirety as follows:


 


8.4 Indemnity.  All Employers shall indemnify and hold
harmless the members of the Committee, the PRC, the PIC, the Senior Vice
President of Human Resources, any Employee to whom duties have been or may be
delegated under this Plan, and the Administrator against any and all claims,
losses, damages, expenses or liabilities arising from any action or failure to
act with respect to this Plan, except in the case of an individual’s willful
misconduct.


 


The remainder of the Plan
remains unchanged.


 


 


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