Exhibit
10.2


 


Alliant
Techsystems Inc.


 


Amendment to Employment Agreement


with Daniel J. Murphy, Jr.


 


This AMENDMENT is dated as
of  Dec. 20, 2005, between Alliant Techsystems Inc. (the “Company”) and
Daniel J. Murphy, Jr. (the “Executive”).


WHEREAS, the Company and the
Executive have entered into an Employment Agreement dated as of February 1,
2004 (the “Employment Agreement”), and the parties now wish to amend the
Employment Agreement.


NOW, THEREFORE, the parties
agree that the Employment Agreement is hereby amended as follows:


	
  1.

  	
   

  	
  Subsection 3(f) is amended in its entirety to read
  as follows:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (f) You agree that the
  Company may, at its sole discretion, delay any compensation including but not
  limited to salary, bonuses, and stock awards, but excluding SERP payments
  subject to Section 4(b) of this Agreement, that are not fully deductible for
  federal or state income tax purposes. The Company will delay only those
  amounts that would exceed the deductibility levels under federal or state
  income tax laws and only until the earliest date at which the Company
  reasonably anticipates that the amounts would be fully deductible.

  
	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Subparagraphs 4(b)(i)(A), 4(b)(i)(F), 4(b)(ii)(A),
  4(b)(ii)(F), 4(b)(iii)(A),4(b)(iii)(F), 4(b)(viii)(A) and 4(b)(viii)(F) are
  each amended by adding the following provision to the end thereof:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Notwithstanding the
  preceding sentence, any SERP payment or series of payments that initially
  becomes payable after December 31, 2006 shall be paid in the form of a lump
  sum on the later of (1) the first day of the seventh month following the
  month of your termination of employment or (2) January 31 of the calendar
  year following the calendar year of your termination of employment.

  
	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Paragraph 4(b)(vi) is amended by adding the
  following provision to the end hereof:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Notwithstanding the
  preceding sentence, any such lump sum payment that is paid after December 31,
  2006 shall be paid on the later of (1) the first day of the seventh month
  following the month of your termination of employment or (2) January 31 of
  the 

  



 





















 


	
   

  	
   

  	
  calendar year following
  the calendar year of your termination of employment.

  
	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Paragraph 4(b)(xiii) is amended by revising the
  second sentence thereof to read as follows:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  In addition, if the Company
  determines that delaying the time any SERP payment is made would increase the
  probability that such payment would be fully deductible for federal or state
  income tax purposes, the Company may unilaterally delay the time of the
  making of such payment or any portion of such payment until the earliest date
  at which the Company reasonably anticipates that the payment will be fully
  deductible, but not later than twenty-four months after the date such payment
  would be otherwise payable.

  
	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Section 5(d) is amended in its entirety to read as
  follows:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (d)           You will not have any rights to these relocation
  expenses under this Section 5, unless you commence the relocation process
  within one year following your termination from the Company, and have completed
  such relocation and submitted all receipts by the end of the twenty-second
  month following your termination from the Company. All payments under this
  Section 5 shall be made by the end of the twenty-fourth month following your
  termination from the Company.

  
	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Subsections 6(d), 6(g) and 6(h) are each amended by
  adding the following provision to the end thereof:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Any payment under this
  subsection shall be made in a lump sum on the first day of the seventh month
  following the month of your termination of employment.

  
	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  This Amendment shall be effective as of January 1,
  2005.

  
	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  In all respects not amended, the Employment
  Agreement is hereby ratified and confirmed.

  
	
   

  	
   

  	
   

  



 


	
  Date:

  	
  12/21/2005

  	
   

  	
  By:

  	
  /s/ Daniel J. Murphy

  
	
   

  	
   

  	
   

  	
   

  	
  Daniel J. Murphy, Jr.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  12/20/2005

  	
   

  	
  ALLIANT TECHSYSTEMS INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Keith D. Ross

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Keith D. Ross

  
	
   

  	
   

  	
   

  	
   

  	
  Title: Sr. V.P., General Counsel and Secretary