ADDED.
THE FOREGOING MEASURES MAY RELATE TO THE
COMPANY, ONE OR MORE OF ITS SUBSIDIARIES OR ONE OR MORE OF ITS DIVISIONS OR
UNITS, OR ANY COMBINATION OF THE FOREGOING, AND MAY BE APPLIED ON AN ABSOLUTE
BASIS AND/OR BE RELATIVE TO ONE OR MORE PEER GROUP COMPANIES OR INDICES, OR ANY
COMBINATION THEREOF, ALL AS THE COMMITTEE SHALL DETERMINE.
ON OR BEFORE THE
90TH DAY OF THE APPLICABLE PERFORMANCE PERIOD FOR WHICH PERFORMANCE GOALS ARE
ESTABLISHED, THE COMMITTEE MAY SPECIFY THAT THE ACHIEVEMENT OF THE PERFORMANCE
GOALS WILL BE CALCULATED WITHOUT REGARD TO THE NEGATIVE OR POSITIVE EFFECT OF
CERTAIN EVENTS, INCLUDING, WITHOUT LIMITATION, ANY OF THE FOLLOWING EVENTS:
CHARGES FOR EXTRAORDINARY ITEMS AND OTHER UNUSUAL OR NON-RECURRING ITEMS OF
LOSS OR GAIN; ASSET IMPAIRMENTS; LITIGATION OR CLAIM JUDGMENTS OR SETTLEMENTS;
CHANGES IN THE CODE OR TAX RATES; CHANGES IN ACCOUNTING PRINCIPLES; CHANGES IN
OTHER LAWS, REGULATIONS OR OTHER PROVISIONS AFFECTING REPORTED RESULTS; CHARGES
RELATING TO RESTRUCTURINGS, DISCONTINUED OPERATIONS, SEVERANCE AND CONTRACT
TERMINATION AND OTHER COSTS INCURRED IN RATIONALIZING CERTAIN BUSINESS
ACTIVITIES; AND GAINS OR LOSSES FROM THE ACQUISITION OR DISPOSITION OF
BUSINESSES OR ASSETS OR FROM THE EARLY EXTINGUISHMENT OF DEBT.
(T)
"PERSON" MEANS ANY INDIVIDUAL,
CORPORATION, PARTNERSHIP, ASSOCIATION OR TRUST.
(U)
"PLAN" MEANS THIS ALLIANT TECHSYSTEMS INC.
2005 STOCK INCENTIVE PLAN, AS AMENDED FROM TIME TO TIME.
(V)
"RESTRICTED STOCK" MEANS ANY SHARE GRANTED
UNDER SECTION 6(C) OF THE PLAN.
(W)
"RESTRICTED STOCK UNIT" MEANS ANY UNIT GRANTED
UNDER SECTION 6(C) OF THE PLAN EVIDENCING THE RIGHT TO RECEIVE A SHARE (OR A
CASH PAYMENT EQUAL TO THE FAIR MARKET VALUE OF A SHARE) AT SOME FUTURE DATE.
(X)
"RULE 16B-3" MEANS RULE 16B-3 PROMULGATED
BY THE SECURITIES AND EXCHANGE COMMISSION UNDER THE EXCHANGE ACT OR ANY
SUCCESSOR RULE OR REGULATION.
3
(Y)
"SECTION 162(M)" MEANS SECTION 162(M) OF THE
CODE, OR ANY SUCCESSOR PROVISION, AND THE APPLICABLE TREASURY REGULATIONS
PROMULGATED THEREUNDER.
(Z)
"SHARES" MEANS SHARES OF COMMON STOCK, PAR
VALUE OF $0.01 PER SHARE, OF THE COMPANY OR SUCH OTHER SECURITIES OR PROPERTY AS
MAY BECOME SUBJECT TO AWARDS PURSUANT TO AN ADJUSTMENT MADE UNDER
SECTION 4(C) OF THE PLAN.
(AA)
"STOCK APPRECIATION RIGHT" MEANS ANY RIGHT
GRANTED UNDER SECTION 6(B) OF THE PLAN.
(BB)
"STOCK AWARD" MEANS ANY SHARE GRANTED UNDER
SECTION 6(F) OF THE PLAN.
Section 3.
Administration.
(A)
POWER AND AUTHORITY OF THE COMMITTEE.
THE
PLAN SHALL BE ADMINISTERED BY THE COMMITTEE.
SUBJECT TO THE EXPRESS PROVISIONS
OF THE PLAN AND TO APPLICABLE LAW, THE COMMITTEE SHALL HAVE FULL POWER AND
AUTHORITY TO:
(I) DESIGNATE PARTICIPANTS; (II) DETERMINE THE TYPE OR TYPES OF
AWARDS TO BE GRANTED TO EACH PARTICIPANT UNDER THE PLAN; (III) DETERMINE THE
NUMBER OF SHARES TO BE COVERED BY (OR THE METHOD BY WHICH PAYMENTS OR OTHER
RIGHTS ARE TO BE CALCULATED IN CONNECTION WITH) EACH AWARD; (IV) DETERMINE THE
TERMS AND CONDITIONS OF ANY AWARD OR AWARD AGREEMENT; (V) AMEND THE TERMS AND
CONDITIONS OF ANY AWARD OR AWARD AGREEMENT, PROVIDED, HOWEVER, THAT, EXCEPT AS
OTHERWISE PROVIDED