Document:

Exhibit 10.17 -- Supplemental Savings and Stock Investment Plan

 Exhibit 10.17 
 GENERAL DYNAMICS CORPORATION 
 SUPPLEMENTAL SAVINGS AND 
 STOCK INVESTMENT PLAN 
 Amended and
restated 
 Effective as of January 1, 2009 

 GENERAL DYNAMICS CORPORATION 
 SUPPLEMENTAL SAVINGS AND 
 STOCK INVESTMENT PLAN 
 Table of Contents 
  

					
	 SECTION 1
	  	 INTRODUCTION AND PLAN HISTORY
	  	1
			
	 SECTION 2
	  	 DEFINITIONS
	  	1
			
	 SECTION 3
	  	 SUPPLEMENTAL BENEFITS DUE TO LIMITATIONS UNDER THE QUALIFIED SSIP
	  	4
			
	 SECTION 4
	  	 CREDITED EARNINGS
	  	5
			
	 SECTION 5
	  	 PAYMENT, NONFORFEITABILITY OF BENEFITS AND MAINTENANCE OF ACCOUNTS
	  	6
			
	 SECTION 6
	  	 SPECIAL SUPPLEMENTAL BENEFITS
	  	8
			
	 SECTION 7
	  	 MISCELLANEOUS PROVISIONS
	  	8
			
	 SECTION 8
	  	 AMENDMENT AND TERMINATION OF THE PLAN
	  	10
			
	 SECTION 9
	  	 SECTION 409A COMPLIANCE
	  	11

 SECTION 1 INTRODUCTION AND PLAN HISTORY 
 1.1 Introduction. This Plan is maintained so as to strengthen the ability of the Company and its Subsidiaries to attract and retain persons of outstanding competence upon which, in large measure, continued
growth and profitability depend. The Plan is intended to supplement Qualified Salary Deferrals and Qualified Matching Contributions. The Plan is intended to be an unfunded deferred compensation plan for a select group of management or highly
compensated employees within the meanings of Sections 201(2), 301(a)(3) and 401(a)(4) of ERISA and shall be construed and interpreted accordingly. 
 1.2
Effective Date. This Plan was established effective January 1, 1983, and previously amended and restated as of January 1, 1987, January 1, 1998, and August 1, 2003. The Plan was further amended as of March 1,
2005. The Plan was last amended and restated effective as of December 24, 2005, and conformed to include amendments through January 1, 2007. The Plan is hereby amended and restated effective as of January 1, 2009. 
 1.3 Plan Appendices. From time to time, the Company may adopt Appendices to the Plan for the purpose of setting forth specific provisions or providing
documentation necessary to determine benefits under the Plan for certain Employee groups. Each such Appendix shall be attached to and form a part of the Plan. Each such Appendix shall specify the population to which it applies and shall supersede
the provisions of the Plan document to the extent necessary to eliminate any inconsistencies between the Plan document and such Appendix. 
 1.4
Applicability of Plan Provisions. The provisions of this Plan shall apply to any person who is a Participant on or after January 1, 2005, and to any Account in existence on or after January 1, 2005. Pre-2005 Accounts are considered
to be “grandfathered” under Section 409A and, except as otherwise specifically provided under this Plan by reference to Pre-2005 Accounts, the benefits and rights existing as of October 3, 2004, under the prior version of the
Plan applicable to any Pre-2005 Account shall continue to apply. For purposes of clarity, except as otherwise specifically provided by this Plan by reference to Pre-2005 Accounts, to the extent that benefits or rights of Pre-2005 Accounts are
governed by reference to corresponding Qualified SSIP provisions, the Qualified SSIP provisions in effect as of October 3, 2004, shall apply. 
 SECTION 2 DEFINITIONS 
 Where the following words and phrases appear in the Plan, they shall have the respective meanings set forth below, unless
the context clearly indicates to the contrary. Some of the words and phrases used in the Plan are not defined in this Section 2, but, for convenience, are defined as they are introduced into the text. 
 2.1 Account shall mean the recordkeeping account to which Salary Deferrals, Matching Contributions and Credited Earnings are credited (or debited for Credited
Earnings reflecting an investment loss) under the Plan. An Account may be divided into two or more subaccounts to the extent necessary or desirable, as determined by the Company, for Plan recordkeeping and accounting purposes. Such subaccounts are
referred to herein collectively as the “Account” or “Accounts,” and sometimes individually as the “Account.” 
  

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 2.2 Accounting Date shall mean each day on which the U.S. financial markets are open for business. 
 2.3 Beneficiary shall mean the Participant’s beneficiary, who shall be determined by the following order: (1) the Participant’s designated
beneficiary under the Qualified SSIP, (2) the Participant’s spouse, and (3) the Participant’s estate. 
 2.4 Change of Control
shall mean a “Change of Control” as that term is defined in the Company’s Equity Compensation Plan, as amended from time to time. 
 2.5
Code shall mean the Internal Revenue Code of 1986, as amended from time to time and the rules and regulations promulgated thereunder. 
 2.6
Company shall mean General Dynamics Corporation, a Delaware corporation, and any successor thereof. 
 2.7 Credited Earnings shall have the
meaning set forth in Section 4.1. 
 2.8 Eligible Employee shall mean an Employee who satisfies the eligibility criteria described at
Section 3.1. 
 2.9 Employee shall mean any person who is regularly employed as a full-time, salaried employee by the Company or its
Subsidiaries, and who is not covered by a collective bargaining agreement (except where such collective bargaining agreement specifically provides for participation). Individuals not initially treated and classified by the Company as common-law
employees, including, but not limited to, leased employees, independent contractors or any other contract employees, shall be excluded from participation irrespective of whether a court, administrative agency or other entity determines that such
individuals are common-law employees. 
 2.10 ERISA shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

 2.11 Key Employee shall mean a “specified employee” as that term is used under Section 409A. 
 2.12 Matching Contributions shall mean amounts credited to a Participant’s Account with reference to the Participant’s Salary Deferrals pursuant to
Section 3.4. 
 2.13 Participant shall mean any current or former Employee who has an Account that has not been fully paid or otherwise
discharged. 
 2.14 Plan shall mean the General Dynamics Corporation Supplemental Savings and Stock Investment Plan, established January 1, 1983,
as amended and restated as set forth herein, as it may be amended from time to time, and its Appendices. 
 2.15 Plan Year shall mean the 12 month
period beginning on January 1st and ending on the following December 31st. 
  

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 2.16 Post-2004 Account shall mean a Participant’s subaccount to which Salary Deferrals and Matching
Contributions are credited if not earned and vested by December 31, 2004, and any Credited Earnings with respect to such amounts. 
 2.17 Pre-2005
Account shall mean a Participant’s subaccount to which Salary Deferrals and Matching Contributions are credited to the extent they were earned and vested on or before December 31, 2004, and any Credited Earnings with respect to such
amounts. 
 2.18 Qualified Matching Contributions shall mean amounts contributed to the Qualified SSIP by the Company or its Subsidiaries which are
determined with reference to amounts of Qualified Salary Deferrals. 
 2.19 Qualified Plan Limitations shall mean limitations imposed
(i) pursuant to Code Sections 401(a)(17), 402(g), 415 or any other section of the Code or (ii) by the Company in order to assure compliance with the actual deferral percentage or actual contribution percentage requirements of the Qualified
SSIP. 
 2.20 Qualified Salary Deferrals shall mean pre-tax salary deferrals made by an Employee pursuant to the Qualified SSIP. 
 2.21 Qualified SSIP shall mean the General Dynamics Corporation Savings and Stock Investment Plan (Plan 3.0), the General Dynamics Corporation Savings and Stock
Investment Plan (Plan 4.5) and the General Dynamics Corporation Savings and Stock Investment Plan (Plan 5.0). 
 2.22 Salary shall mean an
Employee’s “Deferral Pay,” as that term is used in the Qualified SSIP, without taking into account the limitation on annual compensation under Code Section 401(a)(17) or any successor provision thereto, or any incentive plan
payments, bonuses or commissions. 
 2.23 Salary Deferrals shall mean amounts credited to a Participant’s Account corresponding to Salary
reductions elected pursuant to Section 3.2. 
 2.24 Section 409A shall mean Code Section 409A, including, without limitation,
applicable transition guidance provided by the Internal Revenue Service. 
 2.25 Separation from Service shall mean a “separation from
service” as that term is defined in Section 409A. 
 2.26 Subsidiary shall mean any corporation of which the Company owns, directly or
indirectly, fifty percent (50%) or more of the outstanding voting stock. 
  

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 SECTION 3 SUPPLEMENTAL BENEFITS DUE TO LIMITATIONS UNDER THE QUALIFIED SSIP 
 3.1 Eligibility. 
 (a) Unless otherwise directed by
the Chairman of the Board of Directors of the Company (the “Chairman”), eligibility for participation in any benefits provided under this Section 3 for a given Plan Year shall be extended to selected Employees (i) who are
eligible to participate in the Qualified SSIP, (ii) whose Qualified Salary Deferrals to the Qualified SSIP are restricted due to any of the Qualified Plan Limitations, and (iii) whose Salary in effect on November 1 of the year
immediately preceding the given Plan Year (or such other date prescribed by the Company from time to time) equals or exceeds the annual compensation limitation of Code Section 401(a)(17) for the Plan Year. 
 (b) The selection of eligible Employees who may participate in the Plan shall be in the sole discretion of the Company, and participation may be limited
to such otherwise eligible Employees as the Company shall determine by the application of minimum compensation levels or otherwise. All determinations shall be made prior to the given Plan Year and may be made as of a given date at the sole
discretion of the Company. 
 (c) Notwithstanding anything to the contrary, to the extent that an Employee meets the requirements of this
Section 3.1 during a Plan Year, such Employee shall not become an Eligible Employee during that Plan Year except as directed by the Chairman. 
 3.2
Salary Deferral Elections. Salary Deferrals shall be credited to an Eligible Employee’s Post-2004 Account in accordance with such Eligible Employee’s election and subject to the following rules: 
 (a) An Eligible Employee may elect to defer up to the maximum amount described in Section 3.3. 
 (b) An Eligible Employee’s Salary Deferral election under this Plan shall be irrevocable for the 2005 Plan Year after March 15, 2005.

 (c) For Plan Years commencing after 2005, an Eligible Employee may make an irrevocable Salary Deferral election at the time and in the
form prescribed by the Company, but in no event later than December 31 of the year preceding a given Plan Year. 
 (d) For purposes of
clarity, and without limitation, the Company may prescribe a “negative” election for Salary Deferrals, meaning that it may impose an automatic or default Salary Deferral election, provided the Eligible Employee has an opportunity during
the election period to affirmatively change such election. 
 (e) Notwithstanding the preceding requirements, in the event an Employee
becomes eligible to participate during the Plan Year in accordance with Section 3.1(c) above, such Eligible Employee may make an irrevocable Salary Deferral election within 30 days from the date of eligibility with respect to any Salary earned
after such election. For purposes of clarity, and without limitation, the Company may prescribe a “negative” election for Salary Deferrals, meaning that it may impose an automatic Salary Deferral election, provided the Eligible Employee
has an opportunity during the election period to affirmatively change such election. 
  

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 3.3 Maximum Amount of Salary Deferrals. The maximum amount of Salary Deferrals that an Eligible Employee may elect
for a given Plan Year is equal to (X times Y) minus Z, where: 
 X is the Eligible Employee’s annual Salary in effect as of the
November 1st of the year immediately preceding the Plan Year (or such other date prescribed by the Company from time to time). 
 Y is
the Eligible Employee’s percentage deferral limit under the Qualified SSIP (using the limit applicable to the business unit at which the Eligible Employee is assigned as of the December 15th of the year immediately preceding the Plan Year,
or such other date prescribed by the Company from time to time). 
 Z is the Code Section 402(g) limit for such Plan Year. 
 3.4 Matching Contributions. An Eligible Employee may be eligible for a Matching Contribution under this Plan, which shall be credited to an Eligible
Employee’s Post-2004 Account, based on his or her Salary Deferrals under this Plan. Eligibility for, and the amount of any Matching Contribution under this Plan, shall be determined by the Qualified Matching Contribution provisions in the
Qualified SSIP that are applicable to the business unit to which the Eligible Employee is assigned as of the end of the Salary Deferral election period prescribed by the Company for a given Plan Year. 
 3.5 Transfer. For purposes of clarity, should an Eligible Employee transfer business units during a Plan Year, such Eligible Employee’s Salary Deferrals and
Matching Contributions, if any, shall not change during that Plan Year to account for different deferral or matching provisions under the Qualified SSIP applicable to the Eligible Employee’s new business unit. 
 SECTION 4 CREDITED EARNINGS 
 4.1 Initial Credited
Earnings. Effective for the Plan Years commencing on and after January 1, 2006, Salary Deferrals and Matching Contributions credited to the Participant’s Post-2004 Account shall be deemed invested in the same investment funds that the
Participant’s Qualified Salary Deferrals are invested in as of the December 15th of the preceding Plan Year (or such other date as determined from time to time by the Company) under the Qualified SSIP. For 2005, Credited Earnings shall be
determined under the prior provisions of the Plan. 
 4.2 Account Adjustments. Each Account shall be adjusted to reflect investment gain or loss on
any balance in the Account as of the close of the immediately preceding Accounting Date. The adjustment shall be the same as what would actually have been recognized if the Account had been invested in the Qualified SSIP under the investment options
actually selected by the Participant thereunder (or, with respect to initial Salary Deferrals, as determined by Section 4.1). 
 4.3 Investment Fund
Transfers. If a Participant makes an investment fund transfer pursuant to the provisions of the Qualified SSIP, the identical investment fund transfer shall be performed in this Plan, but no such transfer shall be permitted in this Plan unless
made in the Qualified SSIP. Notwithstanding the foregoing, the Company may, in its discretion, approve transfers in this Plan where no transfer is possible in the Qualified SSIP due to loans and withdrawals. 
  

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 4.4 Coordination with Qualified SSIP. The Company may adopt such rules, in its sole discretion, to coordinate the
crediting of earnings under the Plan with the investment of funds under the Qualified SSIP. 
 SECTION 5 PAYMENT, NONFORFEITABILITY OF
BENEFITS AND MAINTENANCE OF ACCOUNTS 
 5.1 Pre-2005 Accounts: Payment and Nonforfeitability of Benefits and Maintenance of Accounts. This
Section 5.1 shall be effective as of January 1, 2005, and shall only apply to Pre-2005 Accounts. Except as otherwise provided in this Plan, a Participant’s Pre-2005 Account, if any, shall be paid under the same conditions, rules and
restrictions as would apply to the benefits as if they were provided under the Qualified SSIP. The following rules shall apply to such Pre-2005 Accounts, notwithstanding the conditions, rules and restrictions of the Qualified SSIP: 
 (a) Participants shall not be entitled to receive distributions or loans or to make withdrawals of any portion of their Pre-2005 Account balances while
employed by the Company or any of its Subsidiaries. 
 (b) Upon termination of
employment with the Company and its Subsidiaries, the entire balance of a Participant’s Pre-2005 Account (valued as of the Accounting Date coincident with or immediately preceding the date of payment) shall be paid to the Participant as soon as
administratively practicable. However, any Participant may, by a written statement (including internet and telephone methods approved by the Company for this purpose) filed with the Company or its delegated agent on or before one year prior to the
termination of employment, irrevocably elect to defer commencement of such payments until a specific date which may be as late as the Participant attaining age 70 1/2. If a deferral is elected, the Participant may choose to have his or her Pre-2005 Account balance subsequently paid in a lump sum or in such number of equal annual installments (not to exceed
15) as he or she may request (which will commence as soon as practicable, but no later than 60 days following the payment date(s) selected, after the conclusion of the deferral period and will be payable annually thereafter). To the extent
consistent with the above requirements, deferrals and installment payments of distributions shall be governed by the applicable provisions of the Qualified SSIP. 
 (c) All Pre-2005 Account balances shall be paid in cash. No Participant shall have any right to receive payment in any other form. 
 (d) Upon the death of a Participant prior to the entire balance of the Participant’s Pre-2005 Account having been paid, the remaining unpaid balance shall be payable to the Beneficiary. Amounts shall be paid as
soon as practicable, but no later than 60 days following the Participant’s death. 
 (e) In the event that a Subsidiary ceases to meet
the definition of Subsidiary (e.g., on account of a sale of its stock to an unrelated third party), or an unincorporated business unit ceases to be owned by the Company or a Subsidiary, such cessation shall not, by itself, be treated as a
termination of employment by the Participants employed by such Subsidiary or business unit 

  

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unless the Company shall so determine. In those circumstances, the Company may also determine whether the Pre-2005 Accounts of the Participants employed by
such Subsidiary or business unit will be vested or distributed. 
 (f) The Company shall promulgate such other additional rules and
procedures governing the operation of this Plan in relation to such Pre-2005 Accounts as it may, from time to time and in its sole discretion, determine are necessary or desirable. 
 (g) Pursuant to transition guidance under Section 409A, Participants in the Plan (i) who are former Employees (as of November 30, 2005)
and (ii) whose Pre-2005 Account is worth less than $100,000 (as of November 30, 2005), shall be terminated from participation in the Plan and such Participants shall be paid their respective Accounts in a single lump sum payment on or
before December 31, 2005. 
 5.2 Post-2004 Accounts: Payment and Nonforfeitability of Benefits and Maintenance of Accounts. This Section 5.2
shall be effective as of January 1, 2005, and shall apply to Post-2004 Accounts. 
 (a) Six months following a Separation from Service
from the Company and its Subsidiaries, the entire balance of a Participant’s Post-2004 Account (valued as of the Accounting Date coincident with or immediately preceding the date of payment) shall be paid to the Participant as soon as
administratively practicable, but no later than 60 days following the six-month anniversary of the Participant’s Separation from Service. Nothwithstanding the foregoing, in the event that a Participant’s Post-2004 Account is less than the
applicable dollar amount under Section 402(g) of the Code, the Company shall have the discretion to distribute such amount in a single lump sum payment. 
 (b) All Post-2004 Account balances shall be paid in cash. No Participant shall have any right to receive payment in any other form. 
 (c) In the event that a Subsidiary ceases to meet the definition of Subsidiary (e.g., on account of a sale of its stock to an unrelated third party), or an unincorporated business unit ceases to be owned by the
Company or a Subsidiary, the Company, in its sole discretion, may fully vest the Post-2004 Account balances of Participants employed by such Subsidiary or business unit and the Post-2004 Account shall be paid in accordance with Section 5.2(a).

 (d) The Company shall promulgate such other additional rules and procedures governing the operation of this Plan in relation to such
Post-2004 Accounts as it may, from time to time and in its sole discretion, determine are necessary or desirable. 
 (e) Notwithstanding,
Section 5.2(a) above, upon the death of a Participant prior to the entire balance of the Participant’s Post-2004 Account having been paid, the remaining unpaid balance shall be payable to the Beneficiary as soon as practicable but no later
than 60 days following the Participant’s death. 
 (f) Notwithstanding anything to the contrary contained in this Section 5.2,
payment to a Participant shall be delayed should the Company reasonably anticipate that the making of such payment would violate federal securities laws or other applicable law. In such an event, payment shall be made at the earliest date at which
the Company reasonably anticipates that the making of the payment would not cause such violation. 
  

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 SECTION 6 SPECIAL SUPPLEMENTAL BENEFITS 
 6.1 Participation. Recognizing the need to make special retirement and other compensation or employee benefit provisions for certain Employees, the Company may, from time to time and in its best judgment,
designate such other individual Employees or groups of select management or highly compensated Employees as being eligible to receive benefits under this Plan. Any such Employees or groups of Employees, and the benefits applicable to them, will be
described in the Appendices attached to this Plan. 
 6.2 Benefits. Such supplemental benefits may be provided in such amounts as the Company
determines are appropriate. Such benefits need not be uniform among such Employees. 
 SECTION 7 MISCELLANEOUS PROVISIONS 
 7.1 Construction. In the construction of the Plan, the masculine shall include the feminine and the singular the plural in all cases where such meanings would be
appropriate. Except as may be governed by ERISA or other applicable federal law, this Plan shall be construed, governed, regulated and administered according to the laws of the Commonwealth of Virginia. 
 7.2 Employment. Participation in the Plan shall not give any Employee the right to be retained in the employ of the Company or its Subsidiaries, or upon dismissal
or upon his or her voluntary termination of employment, to have any right, legal or equitable, under the Plan or any portion thereof, except as expressly granted by the Plan. 
 7.3 Nonalienability of Benefits. No benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to do so shall
be void, and no such benefit shall in any manner be liable for or subject to the debts, liabilities, engagements or torts of the person entitled to such benefit, except as specifically provided in the Plan. 
 7.4 Facility of Payment. If the Company judges any recipient of benefits, in its sole discretion, to be legally incapable of personally receiving and giving a
valid receipt for any payment due him or her under the Plan, the Company may, unless and until claims shall have been made by a duly appointed guardian or committee of such person, make such payment or any part thereof to such person’s spouse,
children or other legal entity deemed by the Company to have incurred expenses or assumed responsibility for the expenses of such person. Any payment so made shall be a complete discharge of any liability under the Plan for such payment. 

7.5 Obligation to Pay Amounts Hereunder. 
 (a) No
trust fund, escrow account or other segregation of assets need be established or made by the Company to guarantee, secure or assure the payment of any amount payable hereunder. The Company’s obligation to make payments pursuant to this Plan
shall constitute only a general contractual liability of the Company to individuals entitled to benefits hereunder and other actual or possible payees hereunder in accordance with the terms hereof. Payments 

  

 8 

 
hereunder shall be made only from such funds of the Company as it shall determine, and no individual entitled to benefits hereunder shall have any interest
in any particular asset of the Company by reason of the existence of this Plan. No provision of the Plan shall be interpreted so as to give any individual any right in any assets of the Company greater than the rights of a general unsecured creditor
of the Company. It is expressly understood as a condition for receipt of any benefits under this Plan that the Company is not obligated to create a trust fund or escrow account or to segregate any asset of the Company in any fashion. 
 (b) The Company may, in its sole discretion, establish segregated funds, escrow accounts or trust funds whose primary purpose would be for the provision
of benefits under this Plan. If such funds or accounts are established, however, individuals entitled to benefits hereunder shall not have any identifiable interest in any such funds or accounts nor shall such individuals be entitled to any
preference or priority with respect to the assets of such funds or accounts. These funds and accounts would still be available to judgment creditors of the Company and to all creditors in the event of the Company’s insolvency or bankruptcy.

 7.6 Administration. The Plan shall be administered by the Company. The Company shall have the discretionary authority to construe and interpret the
provisions of the Plan and make factual determinations thereunder, including the power to determine the rights or eligibility of Employees or Participants and any other persons, and the amounts of their benefits under the Plan, and to remedy
ambiguities, inconsistencies or omissions, and any such determinations shall be binding on all parties. Benefits will only be paid if the Company, in its sole discretion, determines that the Participant or Beneficiary is entitled to them.

 The Company has the authority to delegate any of its powers under this Plan (including, without limitation, Section 7.7) to any other person,
persons, or committee. This person, persons, or committee may further delegate its reserved powers to another person, persons, or committee as they see fit. Any delegation or subsequent delegation shall include the same full, final and discretionary
authority that the Company has listed herein and any decisions, actions or interpretations made by any delegate shall have the same ultimate binding effect as if made by the Company. 
 7.7 Claims Appeal Procedure. Upon receipt of a claim for benefits under the Plan, the Company shall notify the Participant, Beneficiary or authorized representative of any action taken within 90 days of
receiving the claim. If the claim is denied, the denial shall be set forth in writing and shall include the specific reasons for the denial, with reference to pertinent Plan provisions on which the denial is based, and shall describe the procedure
for perfecting the claim, or for requesting a review of the denial. Within 60 days after receiving a notification of denial of a claim, a Participant, Beneficiary or authorized representative may request that the Company make a full and fair review
of the denial. In connection with this request, the Participant may review pertinent documents and submit issues or comments in writing. The Company will make a final decision on the claim within 120 days of the request for review. Any decision made
by the Company in good faith shall be final and binding on all parties. 
 7.8 Change of Control. Notwithstanding any provision herein to the
contrary, immediately prior to the occurrence of a Change of Control, all allocations made to Accounts of Participants who are then active Employees shall become fully vested and nonforfeitable. 
  

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 7.9 Action by the Company. Any action or authorization by the Company hereunder shall be made by the Chairman or
its Board of Directors, or any delegate of either. 
 SECTION 8 AMENDMENT AND TERMINATION OF THE PLAN 
 8.1 Amendment. The Company has the right to modify or amend this Plan in whole or in part, effective as of any specified date; provided, however, that the Company
shall have no authority to modify or amend the Plan to: 
 (a) Reduce any benefit accrued hereunder based on service and compensation to the
date of amendment unless such action is necessary to prevent this Plan from being subject to any provision of Title 1, Subtitle B, Parts 2, 3 or 4 of ERISA; 
 (b) Permit the accrual, holding or payment of actual shares of common stock of the Company under the Plan (such right to amend being reserved to the Board of Directors of the Company or its delegate); or 

(c) Adversely affect any accrued benefits hereunder (and any benefits that will accrue upon a Change of Control) and any rights attaching thereto
after or in anticipation of the occurrence of a Change of Control. 
 No benefit hereunder shall be deemed to be adversely affected or otherwise reduced to
the extent that any amendment or action affects the tax treatment of Plan benefits or an interest in future investment returns. 
 8.2 Termination.

 (a) The Company reserves the right to terminate this Plan, in whole or in part. This Plan shall be automatically terminated upon
(i) a dissolution of the Company (but not upon a merger, consolidation, reorganization, recapitalization or acquisition of a controlling interest in the voting stock of the Company by another person or entity); (ii) the Company being
legally adjudicated bankrupt; (iii) the appointment of a receiver or trustee in bankruptcy with respect to the Company’s assets and business if such appointment is not set aside within ninety (90) days thereafter; or (iv) the
making by the Company of an assignment for the benefit of creditors. 
 (b) Upon a termination of this Plan, (i) no additional Employees
shall become entitled to benefits hereunder; (ii) all benefits accrued through the date of termination will become immediately nonforfeitable as to each Participant; and (iii) no additional benefits (except that the Company, in its sole
discretion, may provide for an allocation of “income” or “earnings” on the Participant’s contributions) shall be accrued hereunder for subsequent payment. 
 (c) Pre-2005 Accounts accrued to the date of termination of the Plan shall be paid to the Participants as soon as practicable. 
 (d) Post-2004 Accounts accrued to the date of termination of the Plan shall be paid to the Participants as soon as practicable to the extent permitted
under Section 409A and otherwise shall remain payable in accordance with Section 5.2. 
  

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 SECTION 9 SECTION 409A COMPLIANCE 
 It is intended that the Plan (and any payments) will comply with or be exempt from Section 409A, if applicable, and the Plan (and any payments) shall be interpreted and construed on a basis consistent with such
intent. The Plan (and any payments) may be amended (in accordance with Section 8.1 of the Plan) in any respect deemed necessary or desirable (including retroactively) by the Company with the intent to preserve compliance with or exemption from
Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Plan benefits. A Participant (or Beneficiary) is solely responsible and liable for the satisfaction of all taxes and penalties that may be
imposed on such person in connection with the Plan (including any taxes and penalties under Section 409A), and the Company shall have no obligation to indemnify or otherwise hold a Participant (or Beneficiary) harmless from any or all of such
taxes or penalties. 
 Following a Change of Control or a “change in control” as defined under Section 409A, no action shall be taken under
the Plan that will cause a Participant’s benefit that has previously been determined to be (or is determined to be) subject to Section 409A, to fail to comply in any respect with Section 409A without the written consent of such
Participant. 
  

 11Exhibit 10.18 -- Form of Severance Protection Agreement

 Exhibit 10.18 
 SEVERANCE PROTECTION AGREEMENT 
 SEVERANCE PROTECTION AGREEMENT dated December
    , 2008, by and between General Dynamics Corporation, a Delaware corporation (the “Company”),
                     and (the “Executive”). 
 The Board of Directors of the Company (the “Board”) recognizes that the possibility of a Change in Control (as hereinafter defined) of the Company exists and that the threat or occurrence of a Change
in Control may result in the distraction of its key management personnel because of the uncertainties inherent in such a situation. 
 The
Board has determined that it is essential and in the best interests of the Company and its stockholders to retain the services of the Executive in the event of the threat or occurrence of a Change in Control and to ensure the Executive’s
continued dedication and efforts in such event without undue concern for the Executive’s personal financial and employment security. 
 In order to induce the Executive to remain in the employ of the Company, particularly in the event of the threat or occurrence of a Change in Control, the Company desires to enter into this Agreement to provide the Executive with certain
benefits in the event the Executive’s employment is terminated as a result of, or in connection with, a Change in Control. 
 NOW,
THEREFORE, in consideration of the respective agreements of the parties contained herein, it is agreed as follows: 
 Section 1.
Definitions. For purposes of this Agreement, the following terms have the meanings set forth below: 
 “Accounting
Firm” has the meaning set forth in Section 5.2. 
 “Accrued Compensation” means an amount which includes all
amounts earned or accrued by the Executive through and including the Termination Date but not paid to the Executive on or prior to such date, including (a) all base salary, (b) reimbursement for all reasonable and necessary expenses
incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (c) all vacation pay and (d) all bonuses and incentive compensation (other than the Pro Rata Bonus). 
 “Base Amount” means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and
(b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan
of the Company or any other agreement or arrangement. 
 “Beneficial Owner” has the meaning as used in Rule 13d-3
promulgated under the Securities Exchange Act. The terms “Beneficially Owned” and “Beneficial Ownership” each have a correlative meaning. 

 “Board” means the Board of Directors of the Company. 
 “Bonus Amount” means the greater of (a) the annual bonus paid or payable to the Executive pursuant to any annual bonus or incentive
plan maintained by the Company in respect of the fiscal year ending immediately prior to the fiscal year in which the Termination Date occurs or (b) the average of the annual bonus paid or payable to the Executive pursuant to any annual bonus
or incentive plan maintained by the Company in respect of each of the three fiscal years ending immediately prior to the fiscal year in which the Termination Date occurs (or, if higher, ending in respect of each of the three fiscal years ending
immediately prior to the year in which the Change in Control occurs). 
 “Cause” for the termination of the Executive’s
employment with the Company will be deemed to exist if the Executive has been convicted of a felony or if the Board determines by a resolution adopted in good faith by at least two-thirds of the Board that the Executive has (a) intentionally
and continually failed to perform in all material respects the Executive’s reasonably assigned duties with the Company (other than a failure resulting from the Executive’s incapacity due to physical or mental disability or illness or from
the Executive’s assignment of duties that would constitute Good Reason for the Executive’s termination of employment with the Company) which failure has continued for a period of at least 30 days after a written notice of demand for
performance has been delivered to the Executive specifying the manner in which the Executive has failed in all material respects to so perform or (b) intentionally engaged in conduct which is demonstrably and materially injurious to the
Company; provided that no termination of the Executive’s employment will be for Cause as set forth in clause (b) hereof unless (i) there has been delivered to the Executive a written notice specifying in reasonable detail the conduct
of the Executive of the type described in clause (b) and (ii) the Executive has been provided an opportunity to be heard in person by the Board (with the assistance of the Executive’s counsel if the Executive so desires). No act, nor
failure to act, on the Executive’s part will be considered intentional unless the Executive has acted, or failed to act, with a lack of good faith and with a lack of reasonable belief that the Executive’s action or failure to act was in or
not opposed to the best interests of the Company. 
 “Change in Control” means any following events: 
 (a) An acquisition (other than directly from the Company) of any voting securities of the Company by any Person who immediately after such
acquisition is the Beneficial Owner of 40% or more of the combined voting power of the Company’s then outstanding voting securities; provided that in determining whether a Change in Control has occurred, voting securities which are acquired by
(i) an employee benefit plan (or a trust forming a part thereof) maintained by the Company or any Subsidiary of the Company, (ii) the Company or any Subsidiary of the Company, (iii) any Person that, pursuant to Rule 13d-1 promulgated
under the Securities Exchange Act, is permitted to, and actually does, report its beneficial ownership of voting securities of the Company on Schedule 

  

 2 

 
13G (or any successor Schedule) (a “13G Filer”) (provided that, if any 13G Filer subsequently becomes required to or does report its
Beneficial Ownership of voting securities of the Company on Schedule 13D (or any successor Schedule) then such Person shall be deemed to have first acquired, on the first date on which such Person becomes required to or does so file, Beneficial
Ownership of all voting securities of the Company Beneficially Owned by it on such date, (iv) any Person in connection with a Non-Control Transaction (as hereinafter defined) or (v) any acquisition by an underwriter temporarily holding
Company securities pursuant to an offering of such securities, will not constitute an acquisition which results in a Change in Control; 
 (b) Consummation of: 
 (i) a merger, consolidation or reorganization involving the Company,
or any direct or indirect Subsidiary of the Company, unless: 
 (A) the stockholders of the Company immediately before such
merger, consolidation or reorganization will own, directly or indirectly, immediately following such merger, consolidation or reorganization, at least 50% of the combined voting power of the outstanding voting securities of the corporation resulting
from such merger, consolidation or reorganization (the “Surviving Corporation”) or any parent thereof in substantially the same proportion as their ownership of the voting securities of the Company immediately before such merger,
consolidation or reorganization; 
 (B) the individuals who were members of the Board immediately prior to the execution of
the agreement providing for such merger, consolidation or reorganization constitute a majority of the members of the board of directors of the Surviving Corporation (or parent thereof); and 
 (C) no Person (other than the Company, any Subsidiary of the Company, any employee benefit plan (or any trust forming a part thereof)
maintained by the Company, any Schedule 13G Filer, the Surviving Corporation, any Subsidiary or parent of the Surviving Corporation, or any Person who, immediately prior to such merger, consolidation or reorganization, was the Beneficial Owner of
40% or more of the then outstanding 

  

 3 

 
voting securities of the Company) is the Beneficial Owner of 40% or more of the combined voting power of the Surviving Corporation’s then outstanding
voting securities. 
 (D) a transaction described in clauses (A) through (C) above is referred to herein as a
“Non-Control Transaction”; or 
 (ii) the complete liquidation or dissolution of the company. 
 (iii) a sale or other disposition of all or substantially all of the assets of the Company to an entity (other than to an entity
(A) of which at least 50% of the combined voting power of the outstanding voting securities are owned, directly or indirectly, by stockholders of the Company in substantially the same proportion as their ownership of the voting securities of
the Company, (B) a majority if the board of directors of which is comprised of the individuals who were members of the Board immediately prior to the execution of the agreement providing for such sale or disposition and (C) of which no
Person (other than the Company, any Subsidiary of the Company, any employee benefit plan (or any trust forming a part thereof) maintained by the Company or any of its Subsidiaries, any Schedule 13G Filer, the Surviving Corporation, any Subsidiary or
parent of the Surviving Corporation, or any Person who, immediately prior to such merger, consolidation or reorganization, was the Beneficial Owner of 40% or more of the then outstanding voting securities of the Company) has Beneficial Ownership of
40% or more of the combined voting power of the entity’s outstanding voting securities. 
 (c) Individuals who, as of the
date hereof, constitute the Board (the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date first written above
whose election, or nomination for election by Company stockholders, was approved by a vote of two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, unless
any such individual’s initial assumption of office occurs as a result of either an actual or threatened election contest (including, but not limited to, a consent solicitation). 
  

 4 

 (d) Notwithstanding the foregoing, a Change in Control will not be deemed to occur solely
because any Person (a “Subject Person”) acquires Beneficial Ownership of more than the permitted amount of the outstanding voting securities of the Company as a result of the acquisition of voting securities by the Company which, by
reducing the number of voting securities outstanding, increases the proportional number of shares Beneficially Owned by the Subject Person, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the
acquisition of voting securities by the Company, and after such share acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional voting securities which increases the percentage of the then outstanding voting
securities Beneficially Owned by the Subject Person, then a Change in Control will be deemed to have occurred. 
 (e)
Notwithstanding anything contained in this Agreement to the contrary, if the Executive’s employment with the Company is terminated prior to a Change in Control and the Executive reasonably demonstrates that such termination (i) was at the
request of a Person who has indicated an intention or taken steps reasonably calculated to effect a Change in Control or (ii) otherwise occurred in connection with, or in anticipation of, a Change in Control, then for all purposes of this
Agreement, the date of such Change in Control with respect to the Executive will mean the date immediately prior to the date of such termination of the Executive’s employment. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Company” means General Dynamics Corporation, a Delaware corporation, and includes its Successors. 
 “Continuation Period” has the meaning set forth in Section 3.1(b)(iii). 
 “Determination” has the meaning set forth in Section 5.2. 
 “Disability” means a physical or mental disability or illness which substantially impairs the Executive’s ability to perform the
Executive’s regular duties with the Company for a period of 180 consecutive days or for a period of 270 days in any 365-day period. 
 “Dispute” has the meaning set forth in Section 5.2. 
 “Excess Payment” has the meaning set
forth in Section 5.3. 
 “Excise Tax” has the meaning set forth in Section 5.1. 
 “Final Determination” has the meaning set forth in Section 5.3. 
  

 5 

 “Good Reason” means the occurrence after a Change in Control of any of the events or
conditions described in clauses (a) through (h) hereof: 
 (a) any (i) change in the Executive’s status,
title, position or responsibilities (including reporting responsibilities) which, in the Executive’s reasonable judgment, represents an adverse change from the Executive’s status, title, position or responsibilities as in effect at any
time within 180 days preceding the date of the Change in Control or at any time thereafter, (ii) assignment to the Executive of duties or responsibilities which, in the Executive’s reasonable judgment, are inconsistent with the
Executive’s status, title, position or responsibilities as in effect at any time within 180 days preceding the date of the Change in Control or at any time thereafter, (iii) removal of the Executive from or failure to reappoint or reelect
the Executive to any of such offices or positions, or (iv) in the case of an Executive who is an executive officer of the Company a significant portion of whose responsibilities relate to the Company’s status as a public company, the
failure of such Executive to continue to serve as an executive officer of a public company, in each case except in connection with the termination of the Executive’s employment for Disability, Cause, as a result of the Executive’s death or
by the Executive other than for Good Reason; 
 (b) a reduction in the Executive’s base salary or any failure to pay the
Executive any compensation or benefits to which the Executive is entitled within five days after the date when due; 
 (c) the
imposition of a requirement that the Executive be based (i) at any place outside a 50-mile radius from the Executive’s principal place of employment immediately prior to the Change in Control or (ii) at any location other than the
Company’s corporate headquarters or, if applicable, the headquarters of the business unit by which he was employed immediately prior to the Change in Control, except, in each case, for reasonably required travel on Company business which is not
materially greater in frequency or duration than prior to the Change in Control; 
 (d) the failure by the Company to
(i) continue in effect (without reduction in benefit level or reward opportunities and without unreasonably establishing or modifying any performance or other criteria used to determine reward levels) any material compensation or employee
benefit plan in which the Executive was participating at any time within 180 days preceding the date of the Change in Control or at any time thereafter, unless such plan is replaced with a plan that provides substantially equivalent compensation or
benefits to the Executive or (ii) provide the Executive with compensation and benefits, in the aggregate, at least equal (in terms of benefit levels and reward opportunities) to those provided for under each other employee benefit plan, program
and practice in which the Executive was participating at any time within 180 days preceding the date of the Change in Control or at any time thereafter; 
  

 6 

 (e) the insolvency or the filing (by any party, including the Company) of a petition for
bankruptcy with respect to the Company, which petition is not dismissed within 60 days; 
 (f) any material breach by the
Company of any provision of this Agreement; 
 (g) any purported termination of the Executive’s employment for Cause by
the Company which does not comply with the terms of this Agreement; or 
 (h) the failure of the Company to obtain, as
contemplated in Section 6, an agreement, reasonably satisfactory to the Executive, from any Successor to assume and agree to perform this Agreement. 
 Notwithstanding anything to the contrary in this Agreement, no termination will be deemed to be for Good Reason hereunder if it results from an isolated, insubstantial and inadvertent action not taken by the Company in bad faith and which
is remedied by the Company promptly after receipt of notice thereof given by the Executive. 
 “Gross-Up Payment” has the
meaning set forth in Section 5.1. 
 “Notice of Termination” means a written notice from the Company or the Executive
of the termination of the Executive’s employment which indicates the specific termination provision in this Agreement relied upon and which sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination
of the Executive’s employment under the provision so indicated. 
 “Person” has the meaning as used in
Section 13(d) or 14(d) of the Securities Exchange Act, and will include any “group” as such term is used in such sections. 
 “Pro Rata Bonus” means an amount equal to the Bonus Amount multiplied by a fraction, the numerator of which is the number of days elapsed in the then fiscal year through and including the Termination Date and the
denominator of which is 365. 
 “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Subsidiary” means any corporation with respect to which another specified corporation has the power under ordinary circumstances to
vote or direct the voting of sufficient securities to elect a majority of the directors. 
  

 7 

 “Successor” means a corporation or other entity acquiring all or substantially all the
assets and business of the Company, whether by operation of law, by assignment or otherwise. 
 “Supplemental Retirement
Benefit” will mean the lump sum actuarial equivalent of the aggregate retirement benefit the Executive would have been entitled to receive under the Company’s supplemental and other retirement plans, including the General Dynamics
Corporation Retirement Plan for Salaried Employees (the “Pension Plan”), and if applicable, an individual retirement benefit agreement with the Company or any of its Subsidiaries. For purposes of the foregoing, the “actuarial
equivalent” will be determined in accordance with the actuarial assumptions used for the calculation of benefits under the Pension Plan as applied immediately prior to the Termination Date in accordance with past practices. 
 “Termination Date” means (a) in the case of the Executive’s death, the Executive’s date of death, (b) in the case of
the termination of the Executive’s employment with the Company by the Executive for Good Reason, five days after the date the Notice of Termination is received by the Company, and (c) in all other cases, the date specified in the Notice of
Termination; provided that if the Executive’s employment is terminated by the Company for Cause or due to Disability, the date specified in the Notice of Termination will be at least 30 days after the date the Notice of Termination is given to
the Executive. 
 “Underpayment” has the meaning set forth in Section 5.3. 
 “Window Period” has the meaning set forth in Section 3.1(a). 
 Section 2. Term of Agreement. The term of this Agreement (the “Term”) will commence on the date hereof and will
continue in effect until December 31, 2009; provided that on December 31, 2009 and each anniversary of such date thereafter, the Term shall automatically be extended for one additional year unless, not later than October 1 of
such year, the Company or the Executive shall have given notice not to extend the Term; and further provided that in the event a Change in Control occurs during the Term, the Term will be extended to the date 24 months after the date of the
occurrence of such Change in Control. 
 Section 3. Termination of Employment. 
 3.1 If, during the Term, the Executive’s employment with the Company is terminated within 24 months following a Change in Control, the Executive
will be entitled to the following compensation and benefits: 
 (a) If the Executive’s employment with the Company is
terminated (i) by the Company for Cause or Disability, (ii) by reason of the Executive’s death or (iii) by the Executive other than for Good Reason and other than during the 60-day period commencing on the first anniversary of
the date of the occurrence of a Change in Control (the “Window Period”), the Company will pay to the Executive the Accrued Compensation and, if such termination is other than by the Company for Cause, a Pro Rata Bonus. 

 

 8 

 (b) If the Executive’s employment with the Company is terminated for any reason
other than as specified in Section 3.1(a) or during the Window Period, the Executive will be entitled to the following: 
 (i) the Company will pay the Executive all Accrued Compensation and a Pro Rata Bonus; 
 (ii) the Company will pay
the Executive as severance pay, and in lieu of any further compensation for periods subsequent to the Termination Date, in a single payment an amount in cash equal to [1.5 – 2.99] times the sum of (A) the Base Amount and (B) the Bonus
Amount; 
 (iii) for a period of [18 – 36] months (the “Continuation Period”), the Company will at its
expense continue on behalf of the Executive and the Executive’s dependents and beneficiaries the life insurance, disability, medical, dental and hospitalization benefits provided (A) to the Executive at any time during the 180-day period
prior to the Change in Control or at any time thereafter or (B) to other similarly situated executives who continue in the employ of the Company during the Continuation Period. The coverage and benefits (including deductibles and costs)
provided in this Section 3.1(b)(iii) during the Continuation Period will be no less favorable to the Executive and the Executive’s dependents and beneficiaries than the most favorable of such coverage and benefits during any of the periods
referred to in clauses (A) and (B) above. The Company’s obligation hereunder with respect to the foregoing benefits will be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer’s
benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the coverages and benefits of the combined benefit plans are no less favorable to the Executive than the
coverages and benefits required to be provided hereunder. This Section 3.1(b) will not be interpreted so as to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the
Company’s employee benefit plans, programs or practices following the Executive’s termination of employment, including retiree medical and life insurance benefits; 
  

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 (iv) the Company will pay in a single payment an amount in cash equal to the excess of
(A) the Supplemental Retirement Benefit determined as if (1) the Executive had an additional [18 – 36] months of age and service credit, (2) the Executive’s annual compensation during such period had been equal to the
Executive’s Base Salary and the Bonus Amount, (3) the Company had made employer contributions to each defined contribution plan in which the Executive was a participant at the Termination Date in an amount equal to the amount of such
contribution for the plan year immediately preceding the Termination Date and (4) the Executive had been fully vested in the Executive’s benefit under each retirement plan in which the Executive was a participant, over (B) the lump
sum actuarial equivalent of the aggregate retirement benefit the Executive is actually entitled to receive under such retirement plans; 
 (v) the Company shall credit the Executive with [18 – 36] months of additional age and service credit for purposes of qualifying for any post-retirement health or welfare benefits provided by the Company as in
effect immediately prior to the Termination Date or, if more favorable to the Executive, as in effect at the time of the Change in Control or at any time thereafter prior to the Termination Date; 
 (vi) the Company shall provide the Executive with outplacement services suitable to the Executive’s position for a period of 12
months or, if earlier, until the first acceptance by the Executive of an offer of employment; and 
 (vii) The Company shall
reimburse the Executive for financial counseling and tax planning service costs incurred within [12 – 36] months following the Termination Date; provided that the aggregate cost of such financial counseling and tax planning services shall not
exceed $10,000 in any calendar year. 
 (c) The amounts provided for in Section 3.1(a) and Sections 3.1(b)(i),
(ii) and (iv) will be paid in a single lump sum cash payment by the Company to the Executive within five days after the Termination Date. Notwithstanding anything to the contrary in this Agreement, to the extent required in order to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement 

  

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during the six-month period immediately following the Executive’s termination of employment shall instead be paid on the first business day after the
date that is six months following the Executive’s “separation from service” within the meaning of Section 409A of the Code. Any amount the payment of which is delayed in accordance with the preceding sentence shall be paid with
interest at an annual rate equal to the prime rate (as determined by the Northern Trust Company of Chicago from time to time) from the date on which such amount would otherwise have been paid until the actual date of payment. 
 (d) The Executive will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or
otherwise, and no such payment will be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment except as specifically provided in Section 3.1(b)(iii) and 3.1(b)(vi). 
 (e) Notwithstanding anything in this Agreement to the contrary, the Executive shall not be entitled to the payments or benefits provided
in this Section 3.1 until the Executive has incurred a “separation from service” under Section 409A of the Code. 
 3.2
The compensation to be paid to the Executive pursuant to Sections 3.1(a), 3.1(b)(i) and 3.1(b)(ii) of this Agreement will be in lieu of any similar severance or termination compensation to which the Executive may be entitled under any other Company
severance or termination agreement, plan, program, policy, practice or arrangement. With respect to any other compensation and benefit to be paid or provided to the Executive pursuant to this Section 3. The Executive’s entitlement
to any compensation or benefits of a type not provided in this Agreement will be determined in accordance with the Company’s employee benefit plans and other applicable programs, policies and practices as in effect from time to time.

 Section 4. Notice of Termination. Following a Change in Control, any purported termination of the Executive’s
employment by the Company will be communicated by a Notice of Termination to the Executive. For purposes of this Agreement, no such purported termination will be effective without such Notice of Termination. 
 Section 5. Excise Tax Payments. 
 5.1 In the event that any payment or benefit (within the meaning of Section 280G(b)(2) of the Code) to the Executive or for the Executive’s benefit paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise in connection with, or arising out of, the Executive’s employment with the Company or a change in ownership or effective control of the Company or of a substantial portion of its assets (a “Payment”),
would be subject to the excise tax imposed by Section 4999 of the Code, or any interest or penalties are incurred 

  

 11 

 
by the Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to
herein as the “Excise Tax”), then, subject to Section 5.3 below, the Executive will be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Executive of
all taxes (including any interest or penalties imposed with respect to such taxes and the Excise Tax, other than interest and penalties imposed by reason of the Executive’s failure to file timely a tax return or pay taxes shown due on the
Executive’s return, and including any Excise Tax imposed upon the Gross-Up Payment), the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. 
 5.2 An initial determination as to whether a Gross-Up Payment is required pursuant to this Agreement and the amount of such Gross-Up Payment will be
made at the Company’s expense by an accounting firm of recognized national standing selected by the Company and reasonably acceptable to the Executive (the “Accounting Firm”). The Accounting Firm will provide its determination
(the “Determination”), together with detailed supporting calculations and documentation, to the Company and the Executive within five days of the Termination Date, if applicable, or such other time as requested by the Company or by
the Executive (provided the Executive reasonably believes that any of the Payments may be subject to the Excise Tax). If the Accounting Firm determines that no Excise Tax is payable by the Executive with respect to a Payment or Payments, it will
furnish the Executive with an opinion reasonably acceptable to the Executive that no Excise Tax will be imposed with respect to any such Payment or Payments. Within ten days of the delivery of the Determination to the Executive, the Executive will
have the right to dispute the Determination (the “Dispute”). The Gross-Up Payment, if any, will be paid by the Company to the Executive within five days of the receipt of the Determination. The existence of the Dispute will not in any way
affect the Executive’s right to receive the Gross-Up Payment in accordance with the Determination. If there is no Dispute, the Determination will be binding, final and conclusive upon the Company and the Executive, subject to the application of
Section 5.4. 
 5.3 Notwithstanding the foregoing provisions of this Section 5, if it shall be determined that any Payment would be
subject to the Excise Tax, but the aggregate Payments do not exceed by at least $50,000 the greatest amount (the “Reduced Amount”) that could be paid to the Executive such that the receipt of the aggregate Payments would not give
rise to any Excise Tax, then no Gross-Up Payment shall be made to the Executive and the aggregate Payments shall be reduced to the Reduced Amount. The Executive shall be entitled to determine which Payments shall be reduced. 
 5.4 As a result of uncertainty in the application of Sections 280G and 4999 of the Code, it is possible that a Gross-Up Payment (or a portion thereof)
will be paid which should not be paid (an “Excess Payment”), a Gross-Up Payment (or a portion thereof) which should be paid will not be paid (an “Underpayment”) or that a portion of the Reduced Amount will be
subject to Excise Tax (an “Under Reduction”). 
 (a) An Underpayment will be deemed to have occurred
(i) upon notice (formal or informal) to the Executive from any governmental taxing authority that the Executive’s tax liability (whether in respect of the 

  

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Executive’s current taxable year or in respect of any prior taxable year) may be increased by reason of the imposition of the Excise Tax on a Payment or
Payments with respect to which the Company has failed to make a sufficient Gross-Up Payment, (ii) upon a determination by a court, (iii) by reason of a determination by the Company (which will include the position taken by the Company,
together with its consolidated group, on its federal income tax return) or (iv) upon the resolution of the Dispute to the Executive’s satisfaction. If an Underpayment occurs, the Executive will promptly notify the Company and the Company
will promptly, but in any event at least five days prior to the date on which the applicable government taxing authority has requested payment, pay to the Executive an additional Gross-Up Payment equal to the amount of the Underpayment plus any
interest and penalties (other than interest and penalties imposed by reason of the Executive’s failure to file timely a tax return or pay taxes shown due on the Executive’s return) imposed on the Underpayment. 
 (b) An Excess Payment will deemed to have occurred upon a Final Determination (as hereinafter defined) that the Excise Tax will not be
imposed upon a Payment or Payments (or portion thereof) with respect to which the Executive had previously received a Gross-Up Payment. A “Final Determination” will be deemed to have occurred when the Executive has received from the
applicable government taxing authority a refund of taxes or other reduction in the Executive’s tax liability by reason of the Excess Payment and upon either (i) the date a determination is made by, or an agreement is entered into with, the
applicable governmental taxing authority which finally and conclusively binds the Executive and such taxing authority, or in the event that a claim is brought before a court of competent jurisdiction, the date upon which a final determination has
been made by such court and either all appeals have been taken and finally resolved or the time for all appeals has expired or (ii) the statute of limitations with respect to the Executive’s applicable tax return has expired. 

(c) An Under Reduction will be deemed to have occurred (i) upon notice (formal or informal) to the Executive from any governmental
taxing authority that the Executive’s tax liability (whether in respect of the Executive’s current taxable year or in respect of any prior taxable year) may be increased by reason of the imposition of the Excise Tax in respect of a
Payment, (ii) upon a determination by a court that Excise Tax is due in respect of an Payment, or (iii) by reason of a determination by the Company (which will include the position taken by the Company, together with its consolidated
group, on its federal income tax return) that it must withhold Excise Tax in respect of a Payment. The Executive will promptly notify the Company of any assertion of an Under Reduction of which the Company does not have knowledge. If an Under
Reduction is determined to have occurred, then, if a repayment by the Executive to the Company would result in (x) no portion of the remaining aggregate Payments being 

  

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subject to the Excise Tax and (y) a dollar-for-dollar reduction in the Executive’s taxable income and wages for purposes of federal, state and
local income and employment taxes, the Executive shall repay the Company upon demand an amount (the “Under Reduction Amount”) equal to the amount of the aggregate Payments made to the Executive in excess of the amount which is
subsequently determined to be the greatest amount of aggregate Payments that could be paid to the Executive such that the receipt of the aggregate Payments would not give rise to any Excise Tax. 
 (d) If an Excess Payment or Under Reduction is determined to have been made, the Executive will pay to the Company on demand (but not less
than 10 days after the determination of such Excess Payment or Under Reduction and written notice has been delivered to the Executive) the amount of the Excess Payment or Under Reduction Amount plus interest at an annual rate equal to the Applicable
Federal Rate provided for in Section 1274(d) of the Code (the “Interest”) from the date such payment was made until the date of repayment to the Company. The Executive will use reasonable cooperative efforts at the request of
the Company to assist in the determination of the amount of the Executive’s Excess Payment, Underpayment or Under Reduction Amount. 
 5.5 Notwithstanding anything contained in this Agreement to the contrary, in the event that, according to the Determination, an Excise Tax is imposed on any Payment or Payments, the Company will pay to the applicable government taxing
authorities as Excise Tax withholding the amount of the Excise Tax that the Company has actually withheld from the Payment or Payments. 
 5.6 Notwithstanding anything in this Agreement to the contrary, in no event shall payments under this Section 5 be made later than the end of the Executive’s taxable year following the taxable year in which the Executive remits
the related Excise Tax. 
 Section 6. Successors; Binding Agreement. This Agreement will be binding upon and will inure to the
benefit of the Company and its Successors, and the Company will require any Successors to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession or assignment had taken place. Neither this Agreement nor any right or interest hereunder will be assignable or transferable by the Executive or by the Executive’s beneficiaries or legal representatives, except by will or by the laws
of descent and distribution. This Agreement will inure to the benefit of and be enforceable by the Executive’s legal representatives. 
 Section 7. Fees and Expenses. The Company will pay as they become due all legal fees and related expenses (including the costs of experts) incurred by the Executive as a result of (a) the Executive’s termination of
employment (including all such fees and expenses, if any, incurred in contesting or disputing any such termination of 

  

 14 

 
employment) and (b) the Executive seeking to obtain or enforce any right or benefit provided by this Agreement (including any such fees and expenses
incurred in connection with (i) the Dispute and (ii) the Gross-Up Payment, whether as a result of any applicable government taxing authority proceeding, audit or otherwise) or by any other plan or arrangement maintained by the Company
under which the Executive is or may be entitled to receive benefits. Such payments shall be made no later than the last day of the Executive’s taxable year following the taxable year in which the fee or expense was incurred. 
 Section 8. Retirement Benefit Agreement. Upon the occurrence of a Change in Control, any benefits under an individual retirement benefit
agreement between the Company and the Executive to which the Executive would be entitled to upon an involuntary termination of the Executive’s employment by the Company other than for cause shall become fully vested and shall, notwithstanding
anything in such agreement to the contrary, be nonforfeitable under any circumstances. 
 Section 9. Notice. For the purposes of
this Agreement, notices and all other communications provided for in the Agreement (including the Notice of Termination) will be in writing and will be deemed to have been duly given when personally delivered or sent by certified mail, return
receipt requested, postage prepaid, addressed to the respective addresses last given by each party to the other, provided that all notices to the Company will be directed to the attention of the Board with a copy to the Secretary of the Company. All
notices and communications will be deemed to have been received on the date of delivery thereof or on the third business day after the mailing thereof, except that notice of change of address will be effective only upon receipt. 
 Section 10. Nonexclusivity of Rights. Nothing in this Agreement will prevent or limit the Executive’s continuing or future participation
in any benefit, bonus, incentive or other plan or program provided by the Company for which the Executive may qualify, nor will anything herein limit or reduce such rights as the Executive may have under any other agreements with the Company (except
for any severance or termination agreement). Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan or program of the Company will be payable in accordance with such plan or program, except as
specifically modified by this Agreement. 
 Section 11. No Set-Off. The Company’s obligation to make the payments provided
for in this Agreement and otherwise to perform its obligations hereunder will not be affected by any circumstances, including any right of set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive or
others. 
 Section 12. Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is agreed to in writing and signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement
to be performed by such other party will be 

  

 15 

 
deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreement or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. 
 Section 13. Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of Delaware without giving effect to the conflict of laws principles
thereof. Any action brought by any party to this Agreement will be brought and maintained in a court of competent jurisdiction in New Castle County in the State of Delaware. 
 Section 14. Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision
will not affect the validity or enforceability of the other provisions hereof. 
 Section 15. Entire Agreement. This Agreement
constitutes the entire agreement between the parties hereto and supersedes all prior agreements, if any, understandings and arrangements, oral or written, between the parties hereto with respect to severance protection in connection with a Change in
Control. 
 Section 16. Section 409A. The intent of the parties is that payments and benefits under this Agreement comply
with Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith. Notwithstanding anything contained herein to the
contrary, the Executive shall not be considered to have terminated employment with the Company for purposes of this Agreement until the Executive would be considered to have incurred a “separation from service” from the Company within the
meaning of Section 409A of the Code. To the extent required to avoid an accelerated or additional tax under Section 409A of the Code, amounts reimbursable to Executive under this Agreement shall be paid to the Executive on or before the
last day of the year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits provided to the Executive) during any one year may not effect amounts reimbursable or provided in
any subsequent year. 
  

 16 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first above written.

  

	
	GENERAL DYNAMICS CORPORATION
	
	  

	Name:
	Title:
	
	  

	[Executive’s Name]

  

 17

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