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                                                                    Exhibit 4.14

Severance Pay Plan          Effective Date

                            All of the information in this section is effective
                            as of January 1, 1995 Severance pay is a payment to
                            full-time and regular part-time salaried and
                            non-union hourly employees whose employment with
                            United Defense is permanently terminated for reasons
                            beyond their control and who do not fall into any of
                            the exclusions noted below. Such payments are
                            designed and intended solely to cushion the impact
                            of possible unemployment and to effect orderly
                            business operations until employees' services are no
                            longer required by United Defense.

                            Benefit Amount

                            Severance pay is calculated on a graduated service
                            basis up to two weeks of pay for each year and full
                            month(s) of United Defense service, with a minimum
                            payment of four weeks and a maximum of 52 weeks.

                            ===================== =====================
                            Years of Service      Weeks of Severance
                                                  Per Year of Service
                            ===================== =====================
                            0 but less than 5     1.0 (4 week minimum)
                            5 but less than 11    1.2
                            11 but less than 16   1.4
                            16 but less than 21   1.6
                            21 but less than 26   1.8
                            26 or more            2.0 (52 week maximum)
                            ===================== =====================


                            The following is an example of how the benefit would
                            be calculated for an employee with 16 years and 3
                            months of service.

                            i.e. 16.25 years x 1.6 weeks = 26.0 weeks

                            In computing years of service for severance pay,
                            United Defense service that is recognized as
                            credited service for retirement plan purposes is
                            counted, but no service will be credited under the
                            plan for any period of employment for which the
                            employee previously received a severance payment.

                            All severance pay calculations will be based on
                            current base salary without consideration for any
                            bonus, commissions, incentives, awards, overtime,
                            shift differential or other miscellaneous pay items.
                            Severance pay will always be paid in the calendar
                            year in which it was earned.

                            Exclusions

                            Severance pay will not be paid if the employee:

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                      .     Voluntarily quits, is terminated for cause (which
                            includes poor performance) or dies.

                      .     Is placed on temporary layoff for lack of work.

                      .     Is offered continuing employment by a purchaser
                            (including a partnership or joint venture) of any of
                            United Defense, L.P.'s assets, product lines,
                            functions, facilities or services, or a contractor
                            of services formerly provided internally by United
                            Defense. This exclusion applies whether or not the
                            employee chooses to accept the offer; however, it
                            will not apply if the employment offer requires
                            relocation.

                      .     Refuses the offer of a similar job within United
                            Defense.

                      .     Leaves prior to the last day on which services are
                            required by United Defense

                      .     Elects to voluntarily retire from United Defense
                            under any regular or special retirement program.

                      .     Receives an equivalent benefit as provided by any
                            law.

                    FMC has discretionary authority to construe and interpret
                    the terms of this plan, including, but not limited to,
                    deciding all questions of eligibility and determining the
                    amount, manner, and time of payment of benefits under this
                    plan.

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