Document:

Offer Letter in respect of the employment of Michael Alber

 Exhibit 10.15 

 

	
	

 600 Third Ave 
 New York, New York 10016 
 212-805-5354 

April 19, 2012 
 Mr. Michael Alber

 [Home address of Michael Alber] 

Dear Michael: 
 I am pleased to offer you the
opportunity to serve as Chief Financial Officer of the government services company to be spun off by 
L-3 Communications Holdings, Inc. under the name “Engility” (“Engility”) on the terms and conditions set forth below. Prior
to the completion of the spin-off transaction (the “Spin-off”), you will be employed by L-3 Services, Inc. (“L-3”), reporting to Steven Kantor, Senior Vice President and President of L-3 Services Group. Upon completion of the
Spin-off, you will be employed by Engility, reporting to Engility’s Chief Executive Officer, Tony Smeraglinolo. Your base compensation package will be valued at $1,430,000 comprised of the following: 

 

	 	1.	Your base salary will be $440,000 per annum, pro-rated and payable bi-weekly. 

 

	 	2.	You will be eligible to receive an annual incentive compensation bonus with a target amount of 75% of your base salary, or $330,000 initially (“Incentive
Compensation Bonus”). Payout to you of Incentive Compensation Bonuses will be at such times as annual bonuses are paid to Engility’s senior executives and will be based on your target bonus, subject to corporate and individual performance.
Your first bonus, which will be payable in early 2013 based on 2012 performance, will be prorated to reflect your date of hire. You must be employed on the date of payment in order to receive Incentive Compensation Bonuses. 

 

	 	3.	You will be recommended to receive annual long-term incentive awards following the Spin-off based on a target grant date fair value of $660,000 (“LTI”).
Grants of annual LTI awards will be made to you at such times, in such forms and on such terms as are made to Engility’s senior executives generally, and will be based on your target LTI value, subject to corporate and individual performance.
You must be employed on the date of the award in order to receive LTI awards. 

	 	4.	In connection with, and subject to, the completion of the Spin-off, you will be recommended to receive a one-time grant of long-term incentive awards (“Founders
Awards”). The grant date fair value of your Founders Awards will represent a multiple of your target LTI value (i.e., a multiple of $660,000) that is not less than the average of the target LTI multiples granted to the other Engility named
executive officers at the time of the Spin-off. The grant of this award is not effective, nor shall the grant be considered authorized, until the date in which the Spin-off is completed and is also subject to you being employed by Engility as of
that date. 

  

	 	5.	We fully anticipate the timely completion of the Spin-off; however, in the event the Spin-off does not take place within one year following the date of the commencement
of your employment with L-3, and you and L-3 fail to reach a mutually acceptable arrangement to continue your employment, you shall, upon execution of an effective release, be entitled to salary continuation for a one-year period following
termination of employment at an annual rate of $770,000 (representing 1x your base salary and target bonus), payable bi-weekly, less applicable withholding. 

 

	 	6.	Additionally, as soon as is practical after you commence employment with L-3, you will receive a sign-on bonus of $50,000. In the event you voluntarily terminate your
employment or your employment is terminated for cause within one year of your start date, you agree to reimburse L-3 or Engility as applicable for the full amount of the sign-on bonus. 

Upon commencing your employment with L-3, you will be eligible to participate in L-3’s corporate insurance plan (medical, dental, life and
disability) and savings plans. A summary of our Health and Welfare benefits will be reviewed with you at your convenience. In addition to participation in our group benefits program, you will be eligible for an annual executive level physical,
company purchased supplemental life insurance, first class domestic and business class international air travel and our executive medical plan under which you will be reimbursed for medical expenses not otherwise covered in our broad based plans.
Upon the Spin-off, you will be eligible to participate in Engility’s executive-level plans. 
 This offer is contingent upon your
successful completion of our normal pre-employment drug screening examination and background check. Please contact Jean Maguire at (212) 805-5328 to make arrangements. This offer and your acceptance do not create a contract of employment for a
term, and your employment will be at-will and terminable by you, L-3 or Engility at any time. 
 In accepting this offer you hereby represent
that you are not party to any written or unwritten contract, agreement, policy or other legal obligation, with your current or any former employer, that would preclude you from performing any of your duties hereunder. Such agreement and/or
obligations include but are not limited to Employment Agreements, Non-Disclosure Agreements, Non-Solicitation Agreements, Non-Compete Agreements, Retention Agreements, or restrictions on your work imposed by the U.S. Government. Should any such
agreement or obligation exist, it is your responsibility to advise me of any such restrictions prior to accepting this offer. You should understand that you are responsible for adhering fully to any such agreements or obligations, including the
protection of any proprietary or confidential information belonging to your former employer, and you are advised that we expect you to do so. If you would like clarification of any potential disclosures or obligations please contact the
undersigned before signing this offer. 

  
 2 

 The law requires you to complete the U.S. Government Employment Eligibility Verification form (I-9) and to
provide verification of your identity and employment eligibility on your first day of employment. Some acceptable documents for verification include your birth certificate, driver’s license, passport, and social security card. Be sure to bring
your documents with you on your first day of employment. 
 Michael, we look forward to your acceptance of this offer. Please evidence your
acceptance of this offer of employment by signing and returning the enclosed copy of this letter. If you have any questions regarding the terms of this offer, please call me at (212) 805-5354. 

Sincerely, 
 251658240 /s/ John Hill

 John Hill 
 Vice President, Human
Resources 
 ACCEPTED BY: 
  

			
	/s/ Michael Alber        	  	4/23/2012            
	Michael Alber	  	DATE

  
 3EX-10.44

  Exhibit 10.44

 
 
	 INVESTOR PRESENTATION June 19, 2012 CONFIDENTIAL 

 
 
	 Forward Looking Statements: This presentation also contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve
known and unknown risks and uncertainties. These statements are based on management's views and assumptions and relate to the Company's future plans, objectives, expectations and intentions and are for illustrative purposes only. These statements
may be identified by the use of words such as "believe," "expect," "intend," "plan," "anticipate," "likely," "will," "pro forma," "forecast," "projections," "could," "estimate," "may," "potential," "should," "would," and similar expressions. Any
statement herein other than a statement of historical fact or opinion is a forward looking statement. Actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ materially from those
anticipated include but are not limited to factors discussed in the Company's annual report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking
statements, which reflect management's views. The Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise. This
discussion addresses only continuing operations as of the date hereof. Disclaimer 

 
 
	 Business Overview Contract Backlog Industry Update Financial Summary Summary Table of Contents 

 
 
	 BUSINESS OVERVIEW 

 
 
	 Dr. Bahman Atefi Chairman and Chief Executive Officer Over 30 years experience in management of research and development government services organizations Leadership and
vision resulting in founding of Alion as a 100% employee-owned company Led 13 successful acquisitions by IITRI and Alion Internationally recognized for development of real-time risk management tools for the nuclear power industry B.S. in Electrical
Engineering from Cornell and a Doctor of Science degree in Nuclear Engineering from MIT Stacy Mendler Chief Operating Officer and Executive Vice President Barry Broadus Chief Financial Officer (Acting) Presenters Over 25 years in senior management
positions in government technology solutions companies Expertise in corporate operations, government contracting and acquisitions Successful integration of 13 acquisitions by IITRI and Alion Specializes in strategic development, contracts
management, human resources, IT, marketing and communications B.B.A in Marketing from James Madison University and M.S. in Contracts and Acquisition Management from Florida Institute of Technology Over 25 years experience in corporate financial
management Expertise in financial management, budgeting and planning, government contracting, complex deal structures, financial modeling and pricing 12 years at EDS - key assignment was Controller, Military Systems Business Unit 4 years at SAIC -
last assignment was Vice President and Business Unit Controller responsible for a $600 million energy, environment and infrastructure business unit B.S. in Accounting from University of Alabama; CPA, Commonwealth of Virginia

 
 
	 Company Overview Alion is a premier provider of technology solutions and operational support to the Federal Government for national defense, intelligence, homeland security
and other mission critical government areas Building upon 75 years of history, Alion has a revenue CAGR of 2.9% over the past 5 years Services the "sweet spot" of large and growing areas of government budgets Stable and predictable revenue and cash
flow Significant $5.86 billion backlog Low risk contract mix Long-term relationships with diverse customer base (over 850 active contracts) 100% ESOP-owned, C-Corporation, no federal taxes for the foreseeable future LTM 3/31/12 revenue of $771.0
million and Consolidated EBITDA of $65.6 million 

 
 
	 Business Update Continue to see sizeable base-load opportunities Processing substantial number of tasks through single source IAC contracts and extension of WSTIAC will allow
Alion to continue growing Won recompete of TEAMSUB, $542 million, 5 year contract in support of the U.S. Navy Strong push to expand margins through higher T&M and FFP work and international business: Won two FFP contracts for thermal-hydraulics
and structural analysis to help Korean Hydro and Nuclear Power meet nuclear safety requirements Pursuing FFP contract to design an Offshore Patrol Vessel (OPV) for a shipyard in India Discussions with SEASPAN in Canada continue about initial tasks
Multiple Naval Architecture and Marine Engineering bids in India and one major bid in Israel Focus on liquidity and DSO 

 
 
	 Vision and Strategy Acquire new technologies that complement core competencies Attract highly skilled employees and continue enhancement of training initiatives Invest in
internal R&D to complement customer-funded R&D Operate world-renowned research facilities and laboratories Broaden Existing Core Competencies Leverage Experience and Reputation to Expand Market Share Strong Financial Performance and
Increase Scale Expand existing capabilities to new customers Increase market share and achieve higher growth than government technology solutions market Exploit current ID / IQ contract vehicles to maximize ceiling values Continue growth in business
and operating efficiency Positioned to win business through competitive cost structure Increase scale through organic growth and strategic acquisitions Significant scale benefits, including ability to bid on larger contract awards Margin expansion
through higher percentage of time and materials and fixed price contracts and international naval architecture and marine engineering work 

 
 
	 Alion Core Business Areas Naval Architecture & Marine Engineering Defense Operations Modeling & Simulation Technology Design, Engineering, Integration and
Assessment Ship and system design and engineering Mission needs and Analysis of Alternatives Program and acquisition management Production management and life cycle support Military Transformation and Operational Support Enterprise Management and
Decision Support Net-centric Operations and C4ISR Acquisition Strategy and Policy, Budget Analysis and Program Execution Training, Experimentation, Wargaming and Analysis Live/Virtual/Constructive Multi- dimensional Simulation Development Human
Performance Improvement Serious Games Development IT Architecture and Integration Wireless Spectrum Management Rapid Prototyping Nuclear Power Plant Design, Engineering and Safety Analysis Urban nuclear detection systems Services Key Customers
Revenues U.S. Navy U.S. Coast Guard International navies Commercial marine clients Oil exploration companies Office of Naval Research Office of Secretary of Defense U.S. Air Force U.S. Air Forces Central Command U.S. Marine Corps PEO STRI Army
Research Lab Department of Homeland Security Naval Warfare Development Command Naval Air Warfare Center (NAWC) U.S. Air Forces Europe U.S. Special Operations Command Air Force Research Lab Department of Labor Defense Threat Reduction Agency Domestic
& International Nuclear Utilities DISA U.S. Army 2011 Revenue: $335.3 million 2011 Revenue: $192.5 million 2011 Revenue: $141.2 million 2011 Revenue: $118.3 million 

 
 
	 Large Long-Term Customers & Programs LPD-17 PROGRAM MANAGEMENT SUPPORT Support construction of the LPD-17 class amphibious warship including engineering studies, and
test and evaluation during acceptance trials at sea SEAPORT-E SHIP DESIGN SERVICES (SEA 05D) Engineering and detailed design, analysis of alternatives and support from concept studies throughout various phases of ship design DDG-51 ACQUISITION
SUPPORT Support the construction of the DDG-51 combatant, its redesign for ballistic missile defense, and integration into the fleet including design and engineering studies, and test and evaluation during acceptance trials at sea SHIPS F PROGRAM
MANAGEMENT Support NAVSEA's program office that provides for maintenance of the Navy fleet in-service including scheduled maintenance availability planning, emergency maintenance planning, engineering studies, training and test and evaluation

 
 
	 Large Long-Term Customers & Programs INTEGRATED WARFARE SHIPS (IWS) 3.0 Test and evaluation, acquisition, and life- cycle management support for all Navy surface ship
missiles, missile launchers and gun systems for both new construction (DDG-51, LPD-17, LCS, CVN) and the fleet in-service PROGRAM MANAGEMENT SUPPORT (PMS) 377 Support construction of all classes of amphibious ships including engineering studies, and
test and evaluation during acceptance trials at sea PROFESSIONAL SUPPORT SERVICES (PSS) Project management, financial management, foreign military sales services, acquisition management and configuration management for combat systems

 
 
	 SECRETARY OF THE AIR FORCE TECHNICAL AND ANALYTICAL SUPPORT (SAFTAS) Technical and programmatic support to Assistant Secretary of the Air Force for Acquisition Under
Secretary for Space Acquisition Joint Strike Fighter Program Office Large Long-Term Customers & Programs OFFICE OF THE SECRETARY OF DEFENSE Defense Technical Information Center (DTIC) Research, development, engineering and technical assistance
to Modeling and Simulation Information Analysis Center (IAC) Weapons Systems Technology IAC Advanced Materials and Manufacturing Technologies IAC Systems, Networks, Information Technology and Modeling and Simulation Multiple Award Contract (SNIM)

 
 
	 New Growth Opportunities Program Test and Evaluation Department of Homeland Security (DHS) International Cyber Security Special Forces Command (SOCOM) Intelligence,
Surveillance and Reconnaissance 

 
 
	 CONTRACT BACKLOG 

 
 
	 Funded, Unfunded and Ceiling Backlog Backlog represents an estimate, as of a specific date, of the remaining future revenue anticipated from existing contracts Funded backlog
is the value of contracts awarded whose funding has been authorized by the customer, less revenue previously recognized under the same contracts Unfunded backlog is the estimated value of additional funding not yet authorized by customers on
existing contracts Ceiling backlog is the value reasonably available on the IDIQ contracts for future tasking Total backlog is over 7.5x revenue and provides significant visibility into future revenue streams FY 2012 Q2 backlog strong at $369
million funded, $1.95 billion unfunded and $3.53 billion ceiling value to total $5.86 billion FY 2011 overall win rate of 59%; win rate on recompetes is 84% ($ in millions) (1) Identified for remainder of FY2013- FY2015. (2) As of Q2 FY2012.
Tracking & Pursuing(1): $14.3 billion Submitted(2): $2.5 billion In process(2): $485 mm Large Contract Backlog and Strong Revenue Visibility Pipeline of Opportunities 

 
 
	 Recent Wins > $75 Million 

 
 
	 INDUSTRY UPDATE 

 
 
	 Cost reduction initiatives to achieve $480 billion over 10 years Reduce the size of the Army from 570,000 troops to 520,000 troops or less Reduce Marine Corps from 209,000
troops to 186,000 troops Reduction in personnel costs, pay, healthcare and other benefits Reduction in nuclear arsenals from 5,000 to 1,500 Areas emphasized for further investments include Special Operations Forces, UAVs and cyber security ($ in
billions) Source: DoD, Credit Suisse estimates We are here Korea Vietnam Reagan buildup Iraq/ Afghanistan U.S. budget backdrop will remain the key driver until the inevitable adverse geopolitical event forces a re-assessment. November elections may
trigger a temporary move, up or down ($ in billions, unless otherwise stated) Source: DoD, Company data, Credit Suisse estimates Korea Vietnam Reagan buildup GW Bush WWII Defense Budget Outlook U.S. defense spending history and spending as % of US
GDP Long-term U.S. defense budget (base + OCO) - constant FY2011 $ Projections for future years ($ in billions) 

 
 
	 Defense Outlook Creates Opportunities for Alion Government Priorities President's January 2012 military priorities emphasize presence in Western Pacific and Southwest Asia
Four Aegis platforms home ported to allow remaining ballistic missile cruisers and destroyers to deploy to Western Pacific Worn out, damaged and destroyed equipment from Iraq and Afghanistan to be replaced Increased use of modeling and simulation
throughout a system's life cycle NSA, DoD and DHS increasing focus on cyber threats Special Forces Command (SOCOM) is getting additional troops and funding Opportunities Army and Marine Corps funding major reset of equipment Sea based missile
defense will continue to expand Strong support to SOCOM in production of mobile technology and repair complex (MTRCs) and rapid equipment manufacturing Modeling and simulation and serious games are basis for future training Cyber security will
remain as a threat Navy shipbuilding to continue as planned (300 ship platform) 

 
 
	 Sequestration: January 2, 2013 Budget Control Act of Aug 2011 (BCA) Congress must approve deficit reduction or face sequestration starting January 2nd, 2013 Sequestration:
$1.2 trillion ($109 billion / 9 years) from the budget for 2013- 2021 Cuts shared between: DoD & Non-defense discretionary budget authority Approximately $55 billion from each of above from 2013 to 2021 This is 10 % annual DoD cut and 7.8%
non-defense (on top of caps in the BCA) Exempt: SS, Federal retirement, Medicaid, Medicare limited to 2% Automatic, equally distributed cuts across accounts, not by line items Significant ambiguity: OMB implements, Agencies and Congress advised
Overseas Contingency Operations (OCO)($88 billion) may be included The most likely scenario is 6-12 month extension of the law to allow more negotiations post election and lame duck session 

 
 
	 FINANCIAL SUMMARY 

 
 
	 Financial update Q2 Revenue provided positive growth; strong contract backlog Margins improving due to implementation of efficiencies & cost reductions Liquidity solid,
steady / predictable cash inflows, managing cash outflows ($ in millions) (1) Current revolver size of $35 million. $3.7 million letters of credit outstanding. 

 
 
	 SUMMARY 

 
 
	 Summary Market Position Contract Backlog Margin Stability Customer Relationships Personnel / Management Alion is in the "sweet spot" to take advantage of mission critical
areas of DoD and intelligence community Strong contract backlog of $5.86 billion is 7.5x revenue, providing visibility into future revenue streams Low risk contract mix where approximately 90% of contracts have cost- reimbursement or time and
material pricing structures Alion has long-term trusted relationships with a diverse set of over 370 clients in difficult-to-penetrate agencies Highly educated, "cleared" and motivated personnel with deep technical expertise in engineering and
science. Experienced management team with in-depth knowledge of government technology

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