Registrant's Key Executive Stock Deferral Plan



 Exhibit 10.1 
 SCIENCE APPLICATIONS INTERNATIONAL CORPORATION 
 KEY EXECUTIVE STOCK DEFERRAL PLAN 







 TABLE OF CONTENTS 
  


					
	 	  	 	  	Page
	 ARTICLE I
	  	PURPOSE AND EFFECTIVE DATE	  	1
			
	 ARTICLE II
	  	DEFINITIONS	  	1
			
	 2.1  
	  	Account	  	1
			
	 2.2  
	  	Beneficiary	  	1
			
	 2.3  
	  	Board	  	1
			
	 2.4  
	  	Bonus Compensation Plan	  	1
			
	 2.5  
	  	Capital Restructuring Dividend	  	1
			
	 2.6  
	  	Code	  	1
			
	 2.7  
	  	Committee	  	2
			
	 2.8  
	  	Company	  	2
			
	 2.9  
	  	Company Stock	  	2
			
	 2.10
	  	Deferral	  	2
			
	 2.11
	  	Deferral Authority	  	2
			
	 2.12
	  	Deferrable Amount(s)	  	2
			
	 2.13
	  	Director	  	2
			
	 2.14
	  	Distribution Date	  	2
			
	 2.15
	  	Dividend Equivalent	  	2
			
	 2.16
	  	Employee	  	2
			
	 2.17
	  	Fair Market Value	  	2
			
	 2.18
	  	Ordinary Dividend	  	3
			
	 2.19
	  	Participant	  	3
			
	 2.20
	  	Plan	  	3
			
	 2.21
	  	Plan Year	  	3
			
	 2.22
	  	Retirement Date	  	3
			
	 2.23
	  	Separation From Service	  	3
			
	 2.24
	  	Share Unit	  	3
			
	 2.25
	  	Termination of Affiliation	  	3
			
	 2.26
	  	Trust	  	4
			
	 2.27
	  	Trustee	  	4
			
	 ARTICLE III
	  	PARTICIPATION	  	4
			
	 3.1  
	  	Designation by Deferral Authority	  	4
			
	 3.2  
	  	Deferral Elections	  	4
			
	 3.3  
	  	Amounts Subject to Deferral	  	5
			
	 3.4  
	  	Deferral Election Irrevocable	  	5
			
	 3.5  
	  	Deferrals May be Held in Trust	  	5

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 ARTICLE IV
	  	TRUST FUND	  	6
			
	 4.1  
	  	Trust Fund Established	  	6
			
	 4.2  
	  	Company, Board, Deferral Authority, Committee and Trustee Not Responsible for Adequacy of Trust Fund	  	6
			
	 4.3  
	  	Invasion of Trust by Creditors	  	6
			
	 4.4  
	  	Trust Expenses	  	6
			
	 ARTICLE V
	  	ACCOUNTS	  	6
			
	 5.1  
	  	Committee to Maintain Accounts	  	6
			
	 5.2  
	  	Additional Accounting Procedures	  	6
			
	 5.3  
	  	Limitation on Benefits	  	7
			
	 5.4  
	  	Vesting of Account Balances	  	7
			
	 ARTICLE VI
	  	RIGHTS IN ACQUIRED STOCK	  	7
			
	 6.1  
	  	Power to Vote Stock Rests With Trustee	  	7
			
	 6.2  
	  	Tender Offers	  	7
			
	 6.3  
	  	Dividends	  	7
			
	 ARTICLE VII
	  	DISTRIBUTIONS	  	8
			
	 7.1  
	  	Time of Commencement of Distribution	  	8
			
	 7.2  
	  	Form of Distribution	  	8
			
	 7.3  
	  	Methods of Distribution	  	8
			
	 7.4  
	  	Beneficiary Designation	  	10
			
	 7.5  
	  	Distribution to Guardian	  	10
			
	 7.6  
	  	Withholding of Taxes	  	10
			
	 7.7  
	  	Distribution of Dividend Equivalents	  	11
			
	 ARTICLE VIII
	  	ACCELERATION OF DISTRIBUTION	  	11
			
	 8.1  
	  	Change in Control	  	11
			
	 8.2  
	  	Hardship	  	12
			
	 ARTICLE IX
	  	SOURCE OF PAYMENT	  	12
			
	 9.1  
	  	No Direct Interest in Trust Assets	  	12
			
	 ARTICLE X
	  	PLAN TERMINATION AND AMENDMENT	  	13
			
	 10.1
	  	Termination and Amendments	  	13
			
	 ARTICLE XI
	  	PLAN ADMINISTRATION	  	13
			
	 11.1
	  	Committee	  	13
			
	 11.2
	  	Committee Powers	  	13
			
	 11.3
	  	Plan Expenses	  	14

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 11.4  
	  	Reliance Upon Documents and Opinions	  	15
			
	 11.5  
	  	Requirement of Proof	  	15
			
	 11.6  
	  	Reliance on Committee Memorandum	  	15
			
	 11.7  
	  	Limitation on Liability	  	15
			
	 11.8  
	  	Indemnification	  	15
			
	 ARTICLE XII
	  	MISCELLANEOUS PROVISIONS	  	16
			
	 12.1  
	  	Restrictions on Plan Interest	  	16
			
	 12.2  
	  	No Enlargement of Employee Rights	  	17
			
	 12.3  
	  	Rights of Repurchase and First Refusal for the Company	  	17
			
	 12.4  
	  	Mailing of Payments	  	17
			
	 12.5  
	  	Inability to Locate Participant or Beneficiary	  	17
			
	 12.6  
	  	Governing Law	  	17
			
	 12.7  
	  	Illegality of Particular Provision	  	18
			
	 12.8  
	  	Interpretation	  	18
			
	 12.9  
	  	Tax Effects	  	18
			
	 12.10
	  	Receipt or Release	  	18
			
	 12.11
	  	Records	  	18
			
	 12.12
	  	Arbitration	  	18

  

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 SCIENCE APPLICATIONS INTERNATIONAL CORPORATION 
 KEY EXECUTIVE STOCK DEFERRAL PLAN 
 ARTICLE I 
 PURPOSE AND EFFECTIVE DATE 
 This Plan is an unfunded, deferred compensation arrangement established by Science Applications International Corporation (“Company”) to provide selected Employees and Directors with a method of
supplementing their retirement income by deferring a portion of their compensation and to make an indirect investment in Company Stock through a “rabbi trust” vehicle. The Plan is effective as of January 4, 1996, and is amended and
restated effective January 1, 2005 to comply with Section 409A of the Code. 
 ARTICLE II 
 DEFINITIONS 
 Whenever the following
terms are used in the Plan they shall have the meaning specified below, unless the context indicates clearly to the contrary. 
 2.1
Account. The Account maintained for bookkeeping purposes by the Committee with respect to each Participant to evidence the Participant’s Deferrals of Deferrable Amounts hereunder and to record the number of Share Units credited as
a result of such Deferrals. 
 2.2 Beneficiary. The person or persons properly designated by the Participant, in
accordance with Section 7.3, to receive the benefits provided herein upon death of the Participant. 
 2.3 Board.
The Board of Directors of Science Applications International Corporation, or its ultimate parent corporation, if any. 
 2.4
Bonus Compensation Plan. The Company’s 1984 Bonus Compensation Plan and any successor plan. 
 2.5
Capital Restructuring Dividend. The non-recurring cash dividend paid by the Company in 2006 on shares of Company Stock in connection with the Company’s capital restructuring and the initial public offering of Company Stock.

 2.6 Code. The Internal Revenue Code of 1986, as amended. 









 2.7 Committee. The committee composed of such members as shall be appointed from
time to time by the Board to administer the Plan. 
 2.8 Company. Science Applications International Corporation (or its
ultimate parent corporation, if any). In addition, unless the context indicates otherwise, as used in this Plan the term Company shall also mean and include any direct or indirect subsidiary of the Company which has been approved by the Deferral
Authority for participation in this Plan by its Employees. 
 2.9 Company Stock. The Class A Common Stock of
Science Applications International Corporation, or any other security (including preferred stock) of the Company or the Company’s ultimate parent corporation, if any, designated as Company Stock by the Committee. 
 2.10 Deferral. The amount of Deferrable Amounts a Participant has deferred in accordance with Section 3.2 or which is
designated as a Deferral under this Plan in connection with an Employee’s offer letter for employment with the Company. Deferrals shall be denominated as Share Units. 
 2.11 Deferral Authority. The individual or group of individuals appointed by the Board to determine which Employees are eligible to
make Deferrals and to participate in the Plan. 
 2.12 Deferrable Amount(s). The bonus, if any, payable to an Employee or
Director, in accordance with Company procedures under the Bonus Compensation Plan, Directors’ fees or other payments as determined by the Committee. In no way does the adoption or operation of this Plan obligate the Company to pay any bonus or
continue any compensation program. 
 2.13 Director. A member of the Board, other than a Director Emeritus, or a member
of the Board of Directors of any subsidiary or affiliate thereof which has been approved by the Deferral Authority for participation in this Plan by its Employees or Directors. 
 2.14 Distribution Date. The date when distributions begin under the Plan, as specified in Section 7.1. 
 2.15 Dividend Equivalent. The amount of the Capital Restructuring Dividend paid by the Company on that number of shares of Company
Stock which is equal to the number of Share Units then credited to a Participant’s Account. 
 2.16 Employee. A management
or highly compensated employee of the Company. 
 2.17 Fair Market Value. 
 (1) If the Company Stock is being valued in connection with a transaction (such as the crediting of amounts to an Account or a
distribution) for which the Committee determines there is a corresponding transaction by the Trust, the net price per share of Company Stock purchased or the net proceeds per share of Company Stock sold in the transaction by the Trust, in each case
including all expenses of such transaction by the Trust. 
  

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 (2) If paragraph (1) does not apply, (a) the closing price of the Company Stock
on the New York Stock Exchange on the date for which the fair market value is determined, or, if there is no trading of the Company Stock on such date, then the closing price of the Company Stock on the New York Stock Exchange on the next preceding
date on which there was trading in such shares; or (b) if the Company Stock is not listed, admitted or quoted, the Committee may designate such other source of data as it deems appropriate for determining such value for purposes of this Plan.

 2.18 Ordinary Dividend. All cash dividends or other cash distributions, other than the Capital Restructuring
Dividend, paid by the Company on shares of Company Stock. 
 2.19 Participant. An Employee or Director designated by the
Deferral Authority for participation in the Plan who timely files an election to participate and makes or receives Deferrals hereunder. 
 2.20 Plan. The Science Applications International Corporation Key Executive Stock Deferral Plan, as set forth herein and as amended from time to time. 
 2.21 Plan Year. January 1 through December 31. 
 2.22 Retirement Date. The date of an Employee’s termination of employment from the Company or a Director’s ceasing to be
an active Director as determined by the Committee, on or after attaining age 59-1/2. Effective January 1, 2005, a Retirement Date shall not occur unless the Employee or Director has had a Separation From Service. 
 2.23 Separation From Service. The death, retirement or termination of the Employee’s employment with the Company, or in the
case of a Director, ceasing to perform services for the Company as a member of the Board. This definition of Separation From Service shall be interpreted and construed in a manner intended to comply with Code Section 409A and the published
authorities thereunder. 
 2.24 Share Unit. The interest of a Participant in a share of Company Stock held in the
Participant’s Account. A full Share Unit shall be equivalent to a full share of Company Stock, and a partial Share Unit shall be equivalent to the corresponding fraction of a share of Company Stock. 
 2.25 Termination of Affiliation. Any termination of employment with the Company by an Employee, as determined by the Committee,
whether by reason of death, disability, voluntary resignation, layoff, discharge or otherwise, prior to attaining age 59-1/2 and, in the case of a Director, ceasing to be an active Director prior to attaining age 59-1/2. The Committee shall have the
discretion to establish rules and make determinations as to what constitutes a Termination of Affiliation including, without limitation, change of status (e.g., part-time, consulting Employee, etc.) or leave of absence. Notwithstanding the
foregoing, effective January 1, 2005, a Termination of Affiliation shall not occur unless the Employee or Director has had a Separation From Service. 
  

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 2.26 Trust. The Science Applications International Corporation Key Executive Stock
Deferral Trust established by the Company to hold assets used by the Company to provide for benefits to Participants and Beneficiaries under the Plan. 
 2.27 Trustee. Wachovia Bank or such successor trustee as shall be appointed pursuant to the Trust instrument. 
 ARTICLE III 
 PARTICIPATION 
 3.1 Designation by Deferral Authority. The Deferral Authority in its sole discretion shall designate those Employees or Directors
who are to be eligible to participate in the Plan with respect to Deferrals for a particular Plan Year or with respect to a particular Deferrable Amount or Amounts. Designating an individual as eligible to participate in the Plan for a particular
Plan Year or with respect to a particular Deferrable Amount shall not require the Deferral Authority to designate such individual for any subsequent Plan Year or with respect to any subsequent Deferrable Amounts. The designation of eligibility by
the Deferral Authority may be made in such manner as determined by the Deferral Authority, including, without limitation, establishment of criteria such as compensation level or level or authority. 
 3.2 Deferral Elections. 
 (a) An eligible Employee or Director shall not become a Participant in the Plan unless and until he or she has executed and delivered to the Committee a Deferral election, including any forms or agreements as may be
prescribed by the Committee, and the Committee shall have accepted such Deferral election and/or additional forms or agreements. Participation in the Plan and any elections made by a Participant, including Deferral elections and elections as to form
of distribution under Article VII, is conditioned on the Participant executing an agreement with the Company, in a manner prescribed by the Committee, relating to the Company’s right of repurchase of Company Stock (to the extent applicable) and
such other matters as the Committee shall prescribe. To initially participate in the Plan, the Employee or Director must submit his or her Deferral election, including any forms or agreements prescribed by the Committee, during the applicable
Deferral election period established by the Committee. Effective for Deferrals on or after January 1, 2005, the last day of the Deferral election period for any Deferrable Amount other than “performance-based compensation” (as defined
below) shall be no later than the last day of the calendar year prior to the first calendar year during which the Employee or Director performs services for which such Deferral Amount is earned. Beginning with the Deferral election made in the 2003
Plan Year for Deferrable Amounts received during calendar year 2004, the Participant’s election shall be carried forward automatically to future Plan Years for which the Participant is eligible to participate unless, during the applicable
Deferral election period for such future Plan Years, the Participant elects to modify or cancel the prior election under procedures established by the Committee. In addition to amounts deferred pursuant to a Deferral election, additional Deferrals
may be credited to a Participant’s Account pursuant to the terms of an offer letter with an Employee made at the time of commencement of 

  

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employment with the Company, as determined and approved by the Deferral Authority in its sole discretion. Furthermore, the Committee may, to the extent
consistent with satisfying Code Section 409A, permit an Employee or Director to make a Deferral Election within 30 days of the date such Employee or Director first becomes eligible to participate in the Plan, as indicated by the effective date
of his status change in the Plan’s records. Such a Deferral election shall be with respect to compensation earned for services performed after the election. 
 (b) If a Deferrable Amount constitutes “performance-based compensation,” then the Committee may, but need not, delay the last
day of the Deferral election period. The last day of the Deferral election period with respect to any Deferrable Amount which is considered to be performance-based compensation shall be no later than six months before the end of the service period
over which such Deferrable Amount is earned. For this purpose, “performance-based compensation” means compensation where the amount of or entitlement to the compensation is contingent on the satisfaction of pre-established written
performance criteria relating to a performance period of at least twelve consecutive months, provided that performance-based compensation does not include any amount that will be paid regardless of performance, or based upon a level of performance
that is substantially certain to be met at the time the criteria is established. Performance-based compensation must also meet any other applicable requirements established under authority issued pursuant to Code Section 409A. 
 3.3 Amounts Subject to Deferral. The total Deferrals elected for a particular Plan Year may be in an amount up to a specified
percentage of Deferrable Amounts, such maximum percentage to be up to one hundred percent (100%) as determined by the Deferral Authority. 
 3.4 Deferral Election Irrevocable. Any Deferral election by a Participant for a particular Plan Year shall be irrevocable for that Plan Year following the end of such Plan Year’s Deferral election period.

 3.5 Deferrals May be Held in Trust. 
 (a) With respect to Deferrals before January 1, 2005, within a reasonable period of time following the date on which a Deferrable
Amount would have been paid to a Participant but for the Deferral hereunder, the Company shall contribute, to the Trust, Company Stock or money in an amount sufficient to purchase shares of Company Stock equal in value (based, prior to any public
offering of Company Stock, on the then prevailing Formula Price as determined under the Company’s Certificate of Incorporation) to the Deferral. The Trustee shall apply such contribution toward the purchase of Company Stock in accordance with
the directions of the Committee and the terms of the Trust and the Participant shall be credited with the applicable number of Share Units. 
 (b) Effective January 1, 2005, contributions to the Trust with respect to Deferrals shall be made only if the Company, in its sole discretion, determines to make such contributions. Regardless of whether the
Company makes contributions to the Trust with respect to Deferrals, the Participant shall be credited with a number of Share Units equal to the Deferral. If it becomes necessary to determine the value of a full or partial Share Unit prior to any
public offering of Company Stock, such value shall be based on the then prevailing Formula Price (as determined under the Company’s Certificate of Incorporation) as of the date the Deferrable 

  

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Amount would have been paid to the Participant but for the Deferral hereunder. Following any public offering of Company Stock, such value shall be determined
according to the Fair Market Value of the Company Stock as of the date the Deferrable Amount would have been paid to the Participant but for the Deferral hereunder. 
 ARTICLE IV 
 TRUST FUND 
 4.1 Trust Fund Established. The Company has established the Trust pursuant to a trust agreement under which the Trustee will hold
and administer in trust all assets deposited with the Trustee in accordance with the terms of this Plan. The Board shall have the authority to select and remove the Trustee to act under the Trust agreement, and to enter into new or amended trust
agreements as it deems advisable. 
 4.2 Company, Board, Deferral Authority, Committee and Trustee Not Responsible for Adequacy
of Trust Fund. Neither the Company, Board, Deferral Authority, Committee nor Trustee shall be liable or responsible for the adequacy of the funds held in the Trust to meet and discharge any or all payments and liabilities hereunder. All Plan
benefits will be paid from the Trust assets or by the Company to the extent not paid from Trust assets, and neither the Board, Deferral Authority, Committee nor Trustee shall have any duty or liability to pay such benefits or furnish the Trust with
any funds, securities or other assets. 
 4.3 Invasion of Trust by Creditors. If assets of the Trust should be reduced
due to action of the Company’s creditors, as provided in the Trust document, the Committee shall reduce each Account for which the Trust held assets on a pro rata basis to reflect such reduction in Trust assets, and the Company shall have no
obligation to replace such lost assets. 
 4.4 Trust Expenses. Expenses of the Trust which are not paid by the Company
shall be applied to reduce each Account for which the Trust holds assets on a pro rata basis. 
 ARTICLE V 
 ACCOUNTS 
 5.1 Committee
to Maintain Accounts. The Committee shall open and maintain a separate Account for each Participant to record the Deferrals made by the Participant and the number of Share Units credited as a result of the Deferrals. 
 5.2 Additional Accounting Procedures. The Committee shall establish and may amend from time to time additional accounting procedures
for the purpose of making allocations, distributions, valuations and adjustments to Accounts, and to allocate Trust earnings expenses and losses to such accounts. A Participant or Beneficiary shall have no contractual or other right to have a
particular accounting procedure or convention apply, or continue to apply, and the Committee shall be free to alter any such procedure or convention without notice or obligation to any Participant or Beneficiary. 
  

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 5.3 Limitation on Benefits. Benefits payable to a Participant or Beneficiary under
the Plan shall be limited to the vested Account balance credited to such Participant or Beneficiary. 
 5.4 Vesting of Account
Balances. A Participant’s Account balance shall be one hundred percent (100%) vested except with respect to the portion of the Account balance attributable to vesting bonuses awarded under the Bonus Compensation Plan. Such portion
of a Participant’s Account balance shall become vested (and the nonvested portion forfeited) at the time or times the bonus would have become vested (and the nonvested portion forfeited) under the Bonus Compensation Plan without regard to
deferral under this Plan. The Share Units represented by such forfeited portion shall be returned to the Company or reallocated in accordance with the Committee’s directions and the terms of the Trust. 
 ARTICLE VI 
 RIGHTS IN ACQUIRED STOCK

 6.1 Power to Vote Stock Rests With Trustee. The power to vote any stock held by the Trustee shall rest solely
with the Trustee, who shall vote such stock in the same proportion that the other shareholders vote their shares of stock of the Company. For purposes of this Section 6.1, in determining how other shareholders voted, the Trustee shall take into
account the votes of shareholders with respect to all classes of voting stock, including but not limited to Class A and Class B Common Stock. 
 6.2 Tender Offers. In the case of a tender offer for the Company Stock, the Trustee shall tender the shares of Company Stock held by the Trust only if more than fifty percent (50%) of the
shares of Company Stock held outside the Trust are tendered by the shareholders. 
 6.3 Dividends. All Ordinary
Dividends on Company Stock held in Trust shall be held by the Trustee and reinvested as directed by the Committee. The Committee shall allocate such Ordinary Dividends among the Accounts pro rata to the shares allocated to each Account. The Capital
Restructuring Dividend on Company Stock held in Trust shall be immediately disbursed by the Trustee to the Company for immediate distribution by the Company to Participants in accordance with Section 7.7. No person (including, but not limited
to, the Trustee, the Company, the Committee or the Board) shall have the authority or ability to delay the immediate transfer of the Capital Restructuring Dividend from the Trustee to the Company pursuant to this Section 6.3. 
  

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 ARTICLE VII 
 DISTRIBUTIONS 
 7.1 Time of Commencement of Distribution. Subject to the
acceleration provisions of Article VIII, the balance credited to a Participant’s Account shall be distributed, or commence to be distributed, to the Participant on the first to occur of the following events: 
 (a) the Participant’s Retirement Date; or 
 (b) the date of the Participant’s Termination of Affiliation with the Company. 
 7.2 Form of Distribution. Each distribution shall be made in the form of Company Stock, except that fractional Share Units shall, as
determined according to procedures established by the Committee, be distributed in kind as fractional shares or applied towards satisfying tax withholding obligations with respect to Participants’ distributions. A Participant shall have no
right to request a cash distribution. 
 7.3 Methods of Distribution. 
 (a) Lump Sum on Death. If a Participant dies having an Account balance (regardless of whether distributions have begun under the
Plan), the remaining balance in the Participant’s Account shall be paid in the form of a lump sum to the Beneficiary or Beneficiaries designated in accordance with Section 7.4, or as otherwise provided in Sections 7.4 and 7.5, within
a reasonable period following the date when the Committee receives notice of the Participant’s death. 
 (b) Election
for Retirement Distributions. Subject to the acceleration provisions in Article VIII, distributions made on account of a Participant’s Retirement Date shall be made to the Participant in accordance with a valid election made by the
Participant under this subsection (b). The Participant may elect in a manner prescribed by the Committee to have his or her Account paid in one of the following forms: 
 (1) A lump sum payment of the entire Account Balance; or 
 (2) A series of annual payments over a five or ten year period. Each installment shall include one-fifth or one-tenth, as applicable, of
the number of shares of Company Stock distributable to the Participant. Effective for new Participants making Deferral elections for the 2004 and subsequent Plan Years, a series of annual payments over a fifteen year period shall be an available
option for Retirement distributions. Each installment shall include one-fifteenth of the number of shares of Company Stock distributable to the Participant. 
 In the event Participant elects a lump sum payment as described in Section 7.3(b)(1) and Participant has an Account balance attributable to vesting bonuses under the Bonus Compensation Plan that will continue vesting after such lump
sum payment, additional distributions shall be made within a reasonable period of time following each date Share Units 

  

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vest. In the event Participant elects a series of annual payments as described in Section 7.3(b)(2) and Participant has an Account balance attributable
to vesting bonuses under the Bonus Compensation Plan that will continue vesting after any annual distribution of Participant’s Account balance occurs, any Share Units that vest after a distribution will be added to the Account balance and
distributed ratably over the remaining series of annual payments. 
 Effective January 1, 2005, a Participant’s election of the form of
distribution shall be made at the time the Participant first makes a Deferral election. Such election of form of distribution shall be applicable to all subsequent Deferral elections by the Participant. 
 (c) Change of Distribution Election. Except as set forth in this Section 7.3(c), a Participant’s election of form of
distribution shall be irrevocable. Each of the forms of distribution set forth in Section 7.3(b) shall be considered a single payment for purposes of Code Section 409A. Accordingly, Participants shall be allowed to make a new form of
distribution election, provided that the following requirements are satisfied: 
 (1) the election does not take effect until
at least twelve months after the date the election is made, and the election must be made at least twelve months prior to the date the first payment would be made to the Participant absent the election; 
 (2) the commencement date of the first payment to the Participant shall be five years following the date the payment would have commenced
absent the change in the Participant’s election; and 
 (3) no Participant may make more than one new form of
distribution election. 
 Any attempt to change a distribution election that does not satisfy these requirements shall be void. 
 (d) Other Distributions. Distributions other than those specified in (a) or (b) above shall be made as a lump sum within
a reasonable period of time following a Participant’s Termination of Affiliation. 
 (e) Default Distribution. If
the Participant fails to make a valid election as described in subsection (b), the Participant’s Account shall be distributed in full as a lump sum payment within a reasonable period of time following the Distribution Date. If Participant
has an Account balance attributable to vesting bonuses under the Bonus Compensation Plan that will continue vesting after such lump sum payment is made, additional distributions shall be made within a reasonable period of time following each date
Share Units vest. 
 (f) Notwithstanding the foregoing, if any stock of the Company is publicly traded on an established
securities market, the distribution to any Participant who is a “specified employee” under Code Section 409A(a)(1)(B)(i) shall not be made (or commence to be made in the case of installment payments) before the earlier of (i) the
date which is six months after such Participant’s Separation From Service or (ii) the date of the Participant’s death. For any twelve 

  

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month period commencing April 1 and ending March 31, a Employee is a “specified employee” if the Employee was a “key employee”
at any time during the calendar year ending before such April 1. A key employee is defined in Code Section 416(i) without regard to Code Section 416(i)(5). 
 7.4 Beneficiary Designation. 
 (a) Upon forms provided by the Committee,
each Participant shall designate in writing the Beneficiary or Beneficiaries whom such Participant desires to receive the benefits of this Plan, if any, payable in the event of such Participant’s death. A Participant may from time to time
change his or her designated Beneficiary or Beneficiaries without the consent of such Beneficiary or Beneficiaries by filing a new designation in writing with the Committee. The Committee may rely upon the designation of Beneficiary or Beneficiaries
last filed by the Participant in accordance with the terms of this Plan. 
 (b) If the designated Beneficiary does not survive
the Participant, or if there is no valid Beneficiary designation, amounts payable under the Plan shall be paid to the Participant’s spouse, or if there is no surviving spouse, then to the duly appointed and currently acting personal
representative of the Participant’s estate. If there is no personal representative of the Participant’s estate duly appointed and acting in that capacity within sixty (60) days after the Participant’s death, then all payments due
under the Plan shall be payable to the person or persons who can verify by affidavit or court order to the satisfaction of the Committee that they are legally entitled to receive the benefits specified hereunder pursuant to the laws of intestate
succession or other legal provision in effect at the Participant’s death in the jurisdiction having authority over disposition of the Participant’s estate. 
 7.5 Distribution to Guardian. If the Committee shall find that any person to whom any payment is payable under this Plan is unable to care for his or her affairs because of illness or accident, or
is a minor, a payment due (unless a prior claim therefore shall have been made by a duly appointed guardian or other legal representative) may be paid to the spouse, a child, a parent, or a brother or sister, or to any custodian, conservator or
other fiduciary responsible for the management and control of such person’s financial affairs in such manner and proportions as the Committee may determine. Any such payment shall, to the extent thereof, discharge of the liabilities of the
Company to the Participant or Beneficiary under this Plan. 
 7.6 Withholding of Taxes. To the extent any distribution
is subject to withholding taxes, the Committee shall require, as a condition to the payment of such distribution, that the taxes be withheld from such distribution by the Trustee, in which case the withheld amounts shall be delivered to the Company
which shall pay over the withheld taxes as required by law; provided, however, that the Committee may, but need not, allow the Participant to make payment to the Company in the form of a check for such withholding taxes. 
  

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 7.7 Distribution of Dividend Equivalents. 
 (a) Notwithstanding anything to the contrary in this Article VII, effective January 1, 2006, Dividend Equivalents with respect to the
Capital Restructuring Dividend shall be distributed as set forth in this Section 7.7. 
 (b) Dividend Equivalents with
respect to the Capital Restructuring Dividend shall be distributed by the Company to Participants as soon as administratively feasible upon the Company’s receipt of the Capital Restructuring Dividend from the Trustee in accordance with
Section 6.3. No one (including, but not limited to, the Trustee, the Company, the Board, the Committee or any Participant) shall have the authority or the ability to delay the immediate distribution of Dividend Equivalents or alter the amount
of Dividend Equivalents distributed with respect to the Capital Restructuring Dividend. The distribution of Dividend Equivalents with respect to the Capital Restructuring Dividend to be made to a Participant in accordance with this
Section 7.7(b) shall equal the product of (i) the Participant’s Share Units as of the record date for the Capital Restructuring Dividend, times (ii) the per share Capital Restructuring Dividend. Immediate payment of the Dividend
Equivalent upon the payment of the Capital Restructuring Dividend by the Company is intended to satisfy the requirement of Code Section 409A that payment be made as of a specified time or pursuant to a fixed schedule. 
 (c) Distributions of Dividend Equivalents with respect to the Capital Restructuring Dividend shall be made in cash without interest and
shall be made from the Capital Restructuring Dividend paid to the Trust and transferred to the Company pursuant to Section 6.3. 
 ARTICLE VIII 
 ACCELERATION OF DISTRIBUTION 
 8.1 Change in Control. All Accounts shall be immediately distributed to the Participants to whom such Accounts belong, upon the
occurrence of a Change in Control (as hereinafter defined) of the Company. A Change in Control shall be deemed to occur upon any “person” (as defined in Section 3(a)(9) of the United States Securities Exchange Act of 1934 (the
“34 Act”)), other than the Company, any subsidiary or any employee benefit plan or trust maintained by the Company or subsidiary becoming the beneficial owner (as defined in Rule 13d-3 under the 34 Act), directly or indirectly, of more
than 25% of the Company Stock outstanding at such time, without the prior approval of the Board. For purposes of the foregoing, a subsidiary is any corporation in an unbroken chain of corporations beginning with the Company if each of the
corporations, other than the last corporation in such chain, owns at least fifty percent (50%) of the total voting power in one of the other corporations in such chain. Effective January 1, 2005, 35% shall be substituted for 25% in
the above definition of Change in Control, in accordance with Code Section 409A. 
  

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 8.2 Hardship. 
 (a) Prior to January 1, 2005, notwithstanding the provisions of Section 7.1 and 7.3 hereof, a Participant shall be entitled to
request a hardship distribution of all or any portion of his or her Account. A Participant or legal representative of the Participant must make a written request for a hardship distribution, stating the reasons such withdrawal is necessary because
of a financial hardship. The Committee, in its sole discretion, shall determine whether or not to grant the hardship distribution of such Participant’s Account and, in so doing, may rely on the Participant’s statements, and a hardship
distribution may be approved without further investigation unless the Committee has reason to believe such statements are false. 
 (b) Effective January 1, 2005, a withdrawal under this Section 8.2 shall be permitted only if the Participant incurs an “unforeseeable emergency,” as defined below. Any such distribution shall be limited to the amount
for which distribution is reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any Federal, State or local income taxes or penalties reasonably anticipated to result from the distribution). For purposes of
this Section 8.2(b), an “unforeseeable emergency” is a severe financial hardship of the Participant resulting from (i) an illness or accident of the Participant, the Participant’s spouse or dependent, (ii) the loss of
the Participant’s property due to casualty (including the need to rebuild a home following damage to a home to the extent not otherwise covered by insurance, or (iii) other similar extraordinary and unforeseeable circumstances arising as a
result of events beyond the control of the Participant. The determination of whether an Participant has an unforeseeable emergency shall be made in accordance with the authorities published pursuant to Code Section 409A. 
 ARTICLE IX 
 SOURCE OF PAYMENT

 9.1 No Direct Interest in Trust Assets. All distributions hereunder shall be paid solely from the Trust or from
the assets of the Company, as determined by the Company. The Company shall pay any distributions not paid by the Trust. No special or separate funds shall be established and no other segregation of assets shall be made to assure the payment of
benefits hereunder. A Participant shall have no right, title, or interest whatever in or to any investments which the Company may make through the Trust to meet its obligations hereunder. Nothing contained in this Plan, and no action taken pursuant
to its provisions, shall create or be construed to create any kind of a fiduciary relationship between the Company and a Participant or any other person. 
  

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 ARTICLE X 
 PLAN TERMINATION AND AMENDMENT 
 10.1 Termination and Amendments. The Plan shall
continue until all amounts credited to the Participants’ Accounts have been distributed in accordance with the terms of the Plan. Notwithstanding the foregoing sentence, the Company retains the right to amend or terminate the Plan for any
reason, including but not limited to adverse changes in tax laws or the bankruptcy, receivership or dissolution of the Company. In the event of a Plan termination, benefits will be paid out when due under the terms of the Plan. To the extent
feasible, the Committee shall use its best efforts to avoid adversely affecting the rights of any existing Participants in the Plan, but prior to a Change in Control, the Committee shall be under no specific duty or obligation in this regard.
Following a Change in Control no amendment or termination of the Plan shall adversely affect any benefits earned by Participants prior to the amendment or termination. 
 ARTICLE XI 
 PLAN ADMINISTRATION 
 11.1 Committee. The Plan shall be administered by the Committee. Subject to the provisions of the Plan and the authority granted to
the Deferral Authority, the Committee shall have exclusive power to determine the manner and time of Deferrals and payment of benefits to the extent herein provided and to exercise any other discretionary powers granted to the Committee pursuant to
the Plan. The decisions or determinations by the Committee shall be final and binding upon all parties, including shareholders, Participants, Beneficiaries and other Employees. The Committee shall have the authority to interpret the Plan, to make
factual findings and determinations, to adopt and revise rules and regulations relating to the Plan and to make any other determinations which it believes necessary or advisable for the administration of the Plan. The Committee’s discretion
shall be as broad and unfettered as permitted by law. Notwithstanding the foregoing, after a Change in Control, any findings, adoption or revision of rules or regulations, interpretations, decisions or determinations made by the Committee (including
under Section 11.2) shall not be given any deference by a court or arbitrator, and if challenged by a Participant or Beneficiary, shall be reviewed on a de novo basis. 
 11.2 Committee Powers. The Committee shall have all powers necessary to supervise the administration of the Plan and control its
operations. In addition to any powers and authority conferred on the Committee elsewhere in the Plan or by law, the Committee shall have, by way of illustration and not by way of limitation, the following powers and authority; 
 (a) To designate agents to carry out responsibilities relating to the Plan; 
 (b) To employ such legal, actuarial, medical, accounting, clerical and other assistance as it may deem appropriate in carrying out the
provisions of this Plan; 
  

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 (c) To administer, interpret, construe and apply this Plan and to decide all questions
which may arise or which may be raised under this Plan by any Employee, Participant, Beneficiary or other person whatsoever, including but not limited to all questions relating to eligibility to participate in the Plan, and the amount of benefits to
which any Participant may be entitled; 
 (d) To establish rules and procedures from time to time for the conduct of its
business and for the administration and effectuation of its responsibilities under the Plan; 
 (e) To establish claims
procedures, and to make forms available for filing of such claims, and to provide the name of the person or persons with whom such claims should be filed. The Committee shall establish procedures for action upon claims initially made and the
communication of a decision to the claimant promptly and, in any event, not later than sixty (60) days after the date of the claim; the claim may be deemed by the claimant to have been denied for purposes of further review described below in
the event a decision is not furnished to the claimant within such sixty (60) day period. Every claim for benefits which is denied shall be denied by written notice setting forth in a manner calculated to be understood by the claimant
(1) the specific reason or reasons for the denial, (2) specific reference to any provisions of this Plan on which denial is based, (3) description of any additional material or information necessary for the claimant to perfect his
claim with an explanation of why such material or information is necessary, and (4) an explanation of the procedure for further reviewing the denial of the claim under the Plan. The Committee shall establish a procedure for review of claim
denials, such review to be undertaken by the Committee. The review given after denial of any claim shall be a full and fair review with the claimant or his duly authorized representative having one hundred eighty (180) days after receipt of
denial of his claim to request such review, having the right to review all pertinent documents and the right to submit issues and comments in writing. The Committee shall establish a procedure for issuance of a decision by the Committee not later
than sixty (60) days after receipt of a request for review from a claimant unless special circumstances, such as the need to hold a hearing, require a longer period of time, in which case a decision shall be rendered as soon as possible but not
later than one hundred twenty (120) days after receipt of the claimant’s request for review. The decision on review shall be in writing and shall include specific reasons for the decision written in a manner calculated to be understood by
the claimant with specific reference to any provisions of this Plan on which the decision is based; and 
 (f) To perform or
cause to be performed such further acts as it may deem to be necessary, appropriate, or convenient in the efficient administration of the Plan. 
 Prior to a
Change in Control, any action taken in good faith by the Committee in the exercise of authority conferred upon it by this Plan shall be conclusive and binding upon the Participants and their beneficiaries, and all discretionary powers conferred upon
the Committee shall be absolute. Following a Change in Control, the actions of the Committee and its exercise of discretionary powers shall be reviewed on a de novo basis if challenged by a Participant or Beneficiary. 
 11.3 Plan Expenses. Members of the Committee shall serve as such without compensation from the Plan, but may receive compensation
from the Company for so serving. 

  

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All Plan administration expenses shall be borne by the Company or the Trust as determined by the Committee in its sole discretion. 
 11.4 Reliance Upon Documents and Opinions. The members of the Committee, the Deferral Authority, the Board, and the Company shall be
entitled to rely upon any tables, valuations, computations, estimates, certificates, opinions and reports furnished by any consultant, or firm or corporation which employs one or more consultants or advisors. The Committee may, but is not required
to, rely upon all records of the Company with respect to any matter or thing whatsoever, and may likewise treat such records as conclusive with respect to all Employees, Participants, Beneficiaries and any other persons whomsoever, except as
otherwise provided by law. 
 11.5 Requirement of Proof. The Committee, the Deferral Authority, the Board, or the
Company may require satisfactory proof of any matter under this Plan from or with respect to any Employee, director, consultant, Participant or Beneficiary, and no such person shall acquire any rights or be entitled to receive any benefits under
this Plan until such proof shall be furnished as so required. 
 11.6 Reliance on Committee Memorandum. Any person
dealing with the Committee may rely on and shall be fully protected in relying on a certificate or memorandum in writing signed by any Committee member so authorized, or by a quorum of the members of the Committee, as constituted as of the date of
such certificate or memorandum, as evidence of any action taken or resolution adopted by the Committee. 
 11.7 Limitation on
Liability. No employee or director of the Company shall be subject to any liability by reason of or arising from his or her participation in the establishment or administration or operation of the Plan unless he or she acts fraudulently or
in bad faith. 
 11.8 Indemnification. 
 (a) To the extent permitted by law, the Company shall indemnify each member of the Deferral Authority, the Committee, and any other
employee or director of the Company who was or is a party, or is threatened to be made a party, to any threatened, pending or completed proceeding, whether civil, criminal, administrative, or investigative, by reason of his or her conduct in the
performance in connection with the establishment or administration of the Plan or any amendment or termination of the Plan. 
 (b) This indemnification shall apply against expenses including, without limitation, attorneys fees and any expenses of establishing a right to indemnification hereunder, judgments, fines, settlements and other amounts actually and
reasonably incurred in connection with such proceeding, except in relation to matters as to which he or she has acted fraudulently or in bad faith in the performance of such duties. 
 (c) The termination of any proceeding by judgment, order, settlement, conviction, upon a plea of nolo contendere or its equivalent shall
not, in and of itself, create a presumption that the person acted fraudulently or in bad faith in the performance of his or her duties. 
  

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 (d) Expenses incurred in defending any such proceeding may be advanced by the Company
prior to the final disposition of such proceeding, upon receipt of an undertaking by or on behalf of the recipient to repay such amount, unless it shall be determined ultimately that the recipient is entitled to be indemnified as authorized in this
Section 11.8. 
 (e) The right of indemnification set forth in this Section 11.8 shall be in addition to any other
right to which any Committee member or other person may be entitled as a matter of law, by corporate bylaws or otherwise. 
 ARTICLE XII

 MISCELLANEOUS PROVISIONS 
 12.1 Restrictions on Plan Interest. 
 (a) A Participant’s interest in this Plan shall be
limited to his or her Account and he or she shall have no other interest in any assets of the Company nor any right as against the Company, Deferral Authority or Committee for payment of benefits under this Plan. 
 (b) None of the benefits, payments, proceeds, claims or rights hereunder of any Participant or Beneficiary shall be subject to any claim
of any creditor of such Participant or Beneficiary and in particular the same shall not be subject to attachment, garnishment, or other legal process by any creditor of such Participant or Beneficiary. 
 (c) A Participant or Beneficiary shall not have any right to alienate, anticipate, commute, pledge, encumber, or assign any of the
benefits or payments or proceeds which he or she may expect to receive, contingently or otherwise, under the Plan. 
 (d) A
Participant’s and Beneficiary’s interest in this Plan and his or her Account in the Trust are subject to the claims of the Company’s creditors as provided in the Trust. Each Participant and Beneficiary shall, however, be considered a
general creditor of the Company with respect to his or her Account, so that if the Company should become insolvent, the Participant or Beneficiary will have a claim against the Company and Trust assets equal to that of the Company’s other
general creditors (regardless of whether assets are removed from the Trust by a trustee in bankruptcy). 
 (e) Whenever a
provision of this Plan restricts or limits a Participant or a Participant’s Account, benefit or distribution, such limitation shall also apply to a Beneficiary unless otherwise specified. 
  

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 12.2 No Enlargement of Employee Rights. 
 (a) This Plan is strictly a voluntary undertaking on the part of the Company and shall not be deemed to constitute a contract between the
Company and any Employee or Director, or be consideration for, or an inducement to, or a condition of, the employment of any Employee or affiliation of any Director. 
 (b) The employment of any Employee is not for any specified term and may be terminated by any Employee or by the Company at any time, for
any reason, with or without cause. Nothing contained in the Plan shall be deemed to give any Employee the right to be retained in the employ of the Company, to constitute any promise or commitment by the Company regarding future positions, future
work assignments, future compensation or any other term or condition of employment or to interfere with the right of the Company to discharge or retire any Employee at any time. 
 (c) No person shall have any right to any benefits under this Plan, except to the extent expressly provided herein. 
 12.3 Rights of Repurchase and First Refusal for the Company. Any Company Stock distributed from the Plan may be subject to a right
of repurchase and right of first refusal by the Company, as well as any conditions, limitations or restrictions contained in an agreement specified in Section 3.2. The terms and conditions of the right of repurchase and right of first refusal
to the extent applicable, shall be in addition to those applied to Company Stock by the Restated Certificate of Incorporation of Science Applications International Corporation, as amended. 
 12.4 Mailing of Payments. All payments under the Plan shall be delivered in person or mailed to the last address of the Participant
(or, in the case of the death of the Participant to that of any other person entitled to such payments under the terms of the Plan). Each Participant shall be responsible for furnishing the Committee with his or her correct current address and the
correct current name and address of his or her Beneficiary. 
 12.5 Inability to Locate Participant or Beneficiary. In
the event that the Committee is unable to locate a Participant or Beneficiary to whom benefits are payable hereunder after mailing a notice to the Participant’s or Beneficiary’s last known address, and such inability lasts for a period of
three (3) years, then any remaining benefits payable hereunder shall be forfeited to the Company and no Participant or Beneficiary shall have any right to further benefits from the Plan, even if subsequently located. 
 12.6 Governing Law. All legal questions pertaining to the Plan shall be determined in accordance with the laws of California,
excluding its rules governing conflicts of laws. Without limiting Section 12.9, it is intended that this Plan be administered and interpreted in a manner consistent with the applicable requirements of Code Section 409A, and further that
the Plan be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3 promulgated under the Securities Exchange Act of 1934, so that elective deferrals will be entitled to the 

  

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benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Exchange Act and will not be subjected to avoidable liability thereunder.

 12.7 Illegality of Particular Provision. If any particular provision of this Plan shall be found to be illegal or
unenforceable, such provision shall not affect the other provisions thereof, but the Plan shall be construed in all respect as if such invalid provision were omitted. 
 12.8 Interpretation. Section headings are for convenient reference only and shall not be deemed to be part of the substance of this instrument or in any way to enlarge or limit the contents of any
article or section. 
 12.9 Tax Effects. The Company makes no representations or warranties as to the tax consequences
to a Participant or to a Participant’s Beneficiary from Deferrals hereunder or the subsequent receipt of any benefits as a result thereof. Each Participant must rely solely on his or her own tax advisor with respect to the tax consequences
arising from the Deferrals or the receipt of benefits hereunder, or from any other related transaction. 
 12.10 Receipt or
Release. Any payment to any Participant or Beneficiary in accordance with the provisions of this Plan shall, to the extent thereof, be in full satisfaction of all claims against the Committee and the Company, and the Committee may require
such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect. 
 12.11
Records. The records of the Company with respect to the Plan shall be conclusive on all Participants, Beneficiaries, and all other persons whomsoever. 
 12.12 Arbitration. Any person disputing a decision of the Committee shall submit such dispute to binding arbitration pursuant to the rules of the American Arbitration Association, to be held in
San Diego County. In any arbitration with respect to a decision or action of the Committee taken before a Change in Control, the losing party in such arbitration proceedings shall bear the costs of arbitration, and each party shall bear its own
attorneys’ fees. In any arbitration with respect to a decision or action of the Committee taken after a Change in Control, the Company shall bear the costs of arbitration (other than attorneys’ fees), and the arbitrator may make an award
of attorneys’ fees; any such award shall be made according to the then-prevailing standards for judicial awards of attorneys’ fees applicable to civil actions brought under the Employee Retirement Income Security Act of 1974, as amended.

  

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