Document:

Exhibit 10.1

 

	

    	
RESTRICTED STOCK AWARD AGREEMENT
    

 

	
1.
    	
The Grant. Alliant   Techsystems Inc., a Delaware corporation (the “Company”), hereby grants to   you, on the terms and conditions set forth in this Restricted Stock Award   Agreement (this “Agreement”) and in the Alliant Techsystems Inc. 2005 Stock   Incentive Plan (the “Plan”), an Award as of the date (the “Award Date”), and   for the number of shares of common stock of the Company (the “Shares”), which   the Company or its agent provided to you separately in writing through an   electronic notice and on-line award acceptance web page (the “Electronic   Notice and On-Line Award Acceptance”).
    
	
 
    	
 
    
	
2.
    	
Restricted Period. The Shares are   subject to the restrictions contained in this Agreement and the Plan for a   period (the “Restricted Period”) commencing on the Award Date and ending as   to [applicable vesting provision] or, if   earlier, upon (a) a Change in Control, as provided in Paragraph 4 below,   or (b) your death, Disability (as defined in Appendix A to this   Agreement), or involuntary layoff, as provided in Paragraph 5 below.
    
	
 
    	
 
    
	
3.
    	
Restrictions. The Shares   shall be subject to the following restrictions during the Restricted Period:
    
	
 
    	
 
    
	
 
    	
(a)
    	
The Shares shall be subject to forfeiture to the Company as   provided in this Agreement and the Plan.
    
	
 
    	
 
    	
 
    
	
 
    	
(b)
    	
You may not sell, transfer, pledge or otherwise encumber   the Shares during the Restricted Period. Neither the right to receive the   Shares nor any interest under the Plan may be transferred by you, and any   attempted transfer shall be void.
    
	
 
    	
 
    	
 
    
	
 
    	
(c)
    	
The Company will issue the Shares in your name, either by   book-entry registration or issuance of a stock certificate or certificates,   which certificate or certificates shall be held by the Company. The Shares   shall be restricted from transfer and shall be subject to an appropriate   stop-transfer order. If any certificate is issued, the certificate shall bear   an appropriate legend referring to the restrictions applicable to the Shares.   If any certificate is issued, you shall be required to execute and deliver to   the Company a stock power relating to the Shares as a condition to the   receipt of this Award of Restricted Stock (as defined in the Plan).
    
	
 
    	
 
    	
 
    
	
 
    	
(d)
    	
Any securities or property (other than cash) that may be   issued with respect to the Shares as a result of any stock dividend, stock   split, business combination or other event shall be subject to the   restrictions and other terms and conditions contained in this Agreement.
    
	
 
    	
 
    	
 
    
	
 
    	
(e)
    	
You shall not be entitled to receive any Shares prior to the   completion of any registration or qualification of the Shares under any   federal or state law or governmental rule or regulation that the   Company, in its sole discretion, determines to be necessary or advisable.
    
	
 
    	
 
    
	
4.
    	
Change in Control. After a   Change in Control (as defined in Appendix A to this Agreement), the Shares   shall immediately vest. However, if you are or become a participant in the   Company’s Income Security Plan or any successor or substitute plan (the   “ISP”), the terms of the vesting of the Shares shall be governed by the   provisions of the ISP.
    
	
 
    	
 
    
	
5.
    	
Forfeiture. In the event   of your termination of employment, other than by reason of death, Disability   or involuntary layoff prior to the end of the Restricted Period, your rights   to all of the Shares shall be immediately and irrevocably forfeited. In the   event of your termination of employment by reason of death, Disability or   involuntary layoff prior to the end of the Restricted Period, the   restrictions with respect to all of the Shares shall lapse and the Shares   shall vest as of the date of such termination of employment; provided,   however, in the case of an invountary layoff, the Shares shall not vest   unless at least one year has elapsed from the Award Date. The Committee   reserves the right to recoup Awards, or the value of Awards, from you in the   event there is a material restatement of the Company’s financial results. If   the Committee determines a recoupment is appropriate in the exercise of its   discretion, considering all the facts and circumstances, you shall forfeit   and pay back such portion, or all, of the outstanding or previously awarded   Awards as determined by the Committee in its sole discretion.This recoupment   provision includes Awards deferred into the ATK Nonqualified Deferred Compensation   Plan.
    
	
 
    	
 
    
	
6.
    	
Holding Requirement. You will be   required to retain at least 30% of the total number of Shares earned under   the terms of this Agreement. See the Stock Holding policy for additional   information.
    
	
 
    	
 
    
	
7.
    	
Rights. Upon issuance   of the Shares, you shall, subject to the restrictions of this Agreement and   the Plan, have all of the rights of a stockholder with respect to the Shares,   including the right to vote the Shares and receive any cash dividends and any   other distributions thereon, unless and until you forfeit the Shares.
    
	
 
    	
 
    
	
8.
    	
Income Taxes. You are   liable for any federal, state and local income or other taxes applicable upon   the grant of the Restricted Stock, the vesting of the Shares, or subsequent   disposition of the Shares, and you acknowledge that you should consult with   your own tax advisor regarding the applicable tax consequences. Upon the   vesting of the Shares, the Company will pay your required minimum statutory   withholding taxes by withholding Shares otherwise to be delivered upon the   vesting of the Shares with a Fair Market Value (as defined in the Plan) equal   to the amount of such taxes. Alternatively, if you notify the Company prior   to the vesting date of the Shares, you may elect to pay all or a portion of   the minimum statutory withholding taxes by (a) delivering to the Company   Shares other than the Shares vesting pursuant to this Agreement with a   Fair Market Value equal to the amount of such taxes or (b) paying cash,   provided that if you do not deliver such Shares or cash to the Company by the   second business day after the vesting date of the Shares, the Company will   pay your required minimum statutory withholding taxes by withholding Shares   otherwise to be delivered upon the vesting of the Shares with a Fair Market   Value equal to the amount of such taxes.
    
	
 
    	
 
    
	
9.
    	
Acknowledgment. This Award of   Restricted Stock shall not be effective until you (a) agree to the terms   and conditions of this Agreement and the Plan, and acknowledge receipt of a   copy of the Prospectus relating to the Plan, by accepting this Award in   writing or electronically as specified by the Company or its agent in the   Electronic Notice and On-Line Award Acceptance, and (b) if the Company   requests it, execute and deliver the stock power required by Paragraph 3 above.
    

 

	
ALLIANT TECHSYSTEMS INC.
    	
 
    
	
Mark W. DeYoung
    	
 
    
	
 
    	
 
    
	
/s/ Mark W. DeYoung
    	
 
    
	
 
    	
 
    
	
President & Chief Executive Officer
    	
 
    

 

 

Alliant Techsystems Inc. 2005 Stock Incentive Plan

 

Appendix A to Award Agreement

 

“Change in Control” means any of the following:

 

·                 The acquisition by any “person” or group of persons (a “Person”), as such terms are used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than the Company or a “Subsidiary” (as defined below) or any Company employee benefit plan (including its trustee)) of “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act) (“Beneficial Ownership”), directly or indirectly, of securities of the Company representing, directly or indirectly, more than 50% of the total number of shares of the Company’s then outstanding “Voting Securities” (as defined below);

 

·                 consummation of a reorganization, merger or consolidation of the Company, or the sale or other disposition of all or substantially all of the Company’s assets (a “Business Combination”), in each case, unless, following such Business Combination, the individuals and entities who were the beneficial owners of the total number of shares of the Company’s outstanding Voting Securities immediately prior to both (1) such Business Combination and (2) any “Change Event” (as defined below) occurring within 12 months prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the total number of shares of the outstanding Voting Securities of the resulting corporation or the acquiring corporation, as the case may be, immediately following such Business Combination (including, without limitation, the outstanding Voting Securities of any corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the total number of shares of the Company’s outstanding Voting Securities; or

 

·                 any other circumstances (whether or not following a Change Event) which the Company’s Board of Directors (the “Board”) determines to be a Change in Control for purposes of this Plan after giving due consideration to the nature of the circumstances then represented and the purposes of this Plan.  Any such determination made by the Board shall be irrevocable except by vote of a majority of the members of the Board who voted in favor of making such determination.

 

For purposes of this definition, a “Change in Control” shall not result from any transaction precipitated by the Company’s insolvency, appointment of a conservator, or determination by a regulatory agency that the Company is insolvent.

 

For purposes of this definition:

 

·                 “Change Event” means

 

(1)         the acquisition by any Person (other than the Company or a Subsidiary or any Company employee benefit plan (including its trustee)) of Beneficial Ownership, directly or indirectly, of securities of the Company directly or indirectly representing 15% or more of the total number of shares of the Company’s then outstanding Voting Securities (excluding the sale or issuance of such securities

 

 

directly by the Company, or where the acquisition of such securities is made by such Person from five or fewer stockholders in a transaction or transactions approved in advance by the Board);

 

(2)         the public announcement by any Person of an intention to acquire the Company through a tender offer, exchange offer or other unsolicited proposal; or

 

(3)         the individuals who are members of the Board (the “Incumbent Board”) as of the Grant Date set forth in the Award Agreement cease for any reason to constitute at least a majority of the Board; provided, however, that if the nomination for election of any new director was approved by a vote of a majority of the Incumbent Board, such new director shall, for purposes of this definition, be considered a member of the Incumbent Board.

 

·                 “Subsidiary” means a corporation as defined in Section 424(f) of the Internal Revenue Code with the Company being treated as the employer corporation for purposes of this definition.

 

·                 “Voting Securities” means any shares of the capital stock or other securities of the Company that are generally entitled to vote in elections for directors.

 

*                                                                                         *                                                                                         *                                                                                         *

 

“Disability” means that you have been determined to have a total and permanent disability either by

 

·                 being eligible for disability for Social Security purposes, or

 

·                 being totally and permanently disabled under the Company’s long-term disability plan.

 

A-2Exhibit 10.2

 

AMENDMENT NO. 2 TO

ALLIANT TECHSYSTEMS INC.

DEFINED CONTRIBUTION SUPPLEMENTAL

EXECUTIVE RETIREMENT PLAN

 

Amended as of January 1, 2012

 

The Alliant Techsystems Inc. Defined Contribution Supplemental Executive Retirement Plan (“Plan”) as amended and restated effective October 29, 2007 is hereby amended effective January 1, 2012, to amend the Plan as follows:

 

I. Section 3.3 is hereby amended to read in its entirety as follows:

 

3.3                                 Vesting.    If a Participant either dies, attains age 65 or becomes Totally Disabled (as defined in the 401(k) Plan) while employed by the Company, he or she shall be fully (100%) vested in his or her Account Balance under the Plan.  In addition, all Participants who are actively employed by the Company shall become fully (100%) vested in their Account Balances under the Plan if the Company experiences a “Change in Control” (as defined in the Alliant Techsystems Inc. Pension and Retirement Plan).  Otherwise, a Participant shall become vested in his or her Account Balance under the Plan in accordance with the following schedule:

 

	
Vesting Service Completed
    	
 
    	
Vested Percentage
    	
 
    
	
Less   than 3 years
    	
 
    	
0
    	
%
    
	
3 or   more years
    	
 
    	
100
    	
%
    

 

Notwithstanding the foregoing, all benefits under this Plan shall be permanently forfeited upon the determination by the PRC (or by the Committee for Section 16 Officers) that the Participant, either before or after Termination of Employment:

 

(a)                                 engaged in criminal or fraudulent conduct resulting in material harm to the Company or an affiliate of the Company; or

 

(b)                                made an unauthorized disclosure to any competitor of any material confidential information, trade information or trade secrets of the Company or an affiliate of the Company; or

 

(c)                                 provided the Company or an affiliate of the Company with materially false reports concerning his or her business interests or employment; or

 

(d)                                made materially false representations which are relied upon by the Company or an affiliate of the Company in furnishing information to an affiliate, partner, stockholders, accountants , auditor, a stock exchange, the Securities and Exchange Commission or any regulatory or governmental agency; or

 

 

(e)                                 maintained an undisclosed, unauthorized and material conflict of interest in the discharge of the duties owed by him or her to the Company or an affiliate of the Company; or

 

(f)                                   engaged in conduct causing a serious violation of state or federal law by the Company or an affiliate of the Company; or

 

(g)                                engaged in theft of assets or funds of the Company or an affiliate of the Company; or

 

(h)                                has been convicted of any crime which directly or indirectly arose out of his or her employment relationship with the Company or an affiliate of the Company or materially affected his or her ability to discharge the duties of his or her employment with the Company or an affiliate of the Company; or

 

(i)                                    engaged during his or her employment with an Employer or within two (2) years after termination of employment with an Employer in any employment with a competitor, or engaged in any activity in competition with the Company, without the consent of the Company.

 

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