Document:

EX-10.1

 EXHIBIT 10.1 
 2013 PEPSICO ANNUAL LONG-TERM INCENTIVE AWARD 
 PEPSICO EQUITY
PERFORMANCE UNITS / LONG-TERM CASH AWARD 
 TERMS AND CONDITIONS 

These Terms and Conditions shall constitute an agreement (this “Agreement”), effective as of March 1, 2013
(the “Grant Date”), by and between PepsiCo, Inc., a North Carolina corporation having its principal office at 700 Anderson Hill Road, Purchase, New York 10577 (“PepsiCo,” and with its divisions and direct and
indirect subsidiaries, the “Company”), and you (the “Participant”). 
 W I T N E S S E T H:

 WHEREAS, the Board of Directors and shareholders of PepsiCo have approved the PepsiCo, Inc. 2007 Long-Term Incentive Plan
(the “Plan”), for the purposes and subject to the provisions set forth in the Plan; and 
 WHEREAS, pursuant to
the authority granted to it in the Plan, the Compensation Committee of the Board of Directors of PepsiCo (the “Committee”), at a meeting held on or prior to the Grant Date, duly authorized the grant to the Participant of PepsiCo
equity performance units (“PEPunits”) and a long-term cash award (“LTC Award”) each with a March 1, 2013 Grant Date and in the respective amounts set forth in the award summary provided to the Participant by
the Plan’s service provider (the “Award Summary”); and 
 WHEREAS, awards granted under the Plan are to be
evidenced by an Agreement in such form and containing such terms and conditions as the Committee shall determine. 
 NOW,
THEREFORE, it is mutually agreed as follows: 
 A. Terms and Conditions Applicable to PEPunits. These terms
and conditions shall apply with respect to the PEPunits with a March 1, 2013 Grant Date granted to the Participant as indicated on the Award Summary. 
 1. Grant. In consideration of the Participant remaining in the employ of the Company and agreeing to be bound by the covenants of Paragraph C, PepsiCo hereby grants to the Participant, on the
terms and conditions set forth herein, a target number of PEPunits as indicated on the Award Summary. All PEPunits granted hereunder are intended to be Performance Awards (as defined in the Plan) that satisfy the conditions for the Performance-Based
Exception (as defined in the Plan) under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 2. Vesting and Payment. PEPunits may only vest while the Participant is actively employed by the Company. Subject to Paragraphs A.3 and A.4 below, the PEPunits earned in accordance with Paragraph
A.3 shall vest on March 1, 2016 (the “Vesting Date”) and be paid as soon as practicable after such date (the “Payment Date”). PEPunits that become earned and payable shall be settled in shares of PepsiCo Common
Stock, with the Participant receiving one share of PepsiCo Common Stock for each PEPunit earned. No fractional shares shall be delivered under this Agreement, and any fractional share that may be payable shall be rounded to the nearest whole share.
Any amount that the Company may be required to withhold upon the settlement of PEPunits in respect of applicable foreign, federal (including FICA), state and local taxes, must be 

 
paid in full at the time of the issuance of shares. Unless the Participant makes other arrangements to satisfy this withholding obligation in accordance with procedures approved by the Company in
its discretion, the Company will withhold shares to satisfy the required withholding obligation related to the settlement of PEPunits. 
 3. Earning and Forfeiture of PEPunits. Subject to the terms and conditions set forth herein, the number of PEPunits that are earned with respect to the 2013-2015 three year performance period
(the “Performance Period,” which shall constitute a “Performance Period” as defined in the Plan) shall equal the product of (i) the target number of PEPunits set forth in the Award Summary, and (ii) the sum of
(a) the Absolute Stock Price Adjustment and (b) the Relative TSR Adjustment, which, for the avoidance of doubt, may be positive or negative. 
 (a) Absolute Stock Price Adjustment. The Absolute Stock Price Adjustment shall equal the Premium Stock Factor minus 1. The Absolute Stock Price Adjustment shall be rounded to the second decimal and
shall be applied in accordance with a performance scale established by the Committee and communicated to the Participant, subject to the following limitations: (i) under no circumstances shall the Absolute Stock Price Adjustment exceed 1.5; and
(ii) if the Stock Price Return declines by 10% or more, the Absolute Stock Price Adjustment shall equal zero (0). 
 (b) Relative TSR Adjustment. The Relative TSR Adjustment shall increase or decrease the Absolute Stock Price Adjustment, and shall be determined based on the percentile ranking of PepsiCo’s
total shareholder return for the Performance Period relative to an index of peer companies selected by the Committee, calculated in accordance with the method established by the Committee (“Relative TSR”). The Relative TSR
Adjustment shall be rounded to the second decimal and subject to the following limitations: (i) if Relative TSR is greater than or equal to the 75th percentile, the Relative TSR Adjustment shall increase the Absolute Stock Price Adjustment by 0.25, but not above
1.75; and (ii) if Relative TSR is less than or equal to the 25th percentile, the Relative TSR Adjustment shall decrease the Absolute Stock Price Adjustment by 0.25, but not below zero (0). The Relative TSR Adjustment for Relative TSR performance between the levels
identified in the preceding sentence shall be determined by straight-line interpolation. 
 (c)
Notwithstanding the achievement of any performance targets established under Paragraphs A.3(a) and (b) above, no PEPunits shall vest or become payable if (a) the Stock Price Return declines by 10% or more; and (b) Relative TSR is less
than or equal to the 50th percentile relative to the index
of peer companies selected by the Committee pursuant to Paragraph A.3(b). 
 (d) In addition, for any PEPunits to vest or
become payable the Committee must determine that the minimum level of performance established by the Committee with respect to a Performance Measure (as defined in the Plan) selected by the Committee for the Performance Period, and communicated to
the Participant, has been met. If the Committee determines that the minimum level of performance has not been met, then no PEPunits held by any such Participant shall vest or become payable, and such PEPunits shall be forfeited and cancelled.

 Notwithstanding the level of performance achieved with respect to such Performance Measure, the Committee has the discretion
to reduce the number of PEPunits earned to reflect the level of performance achieved with respect to the performance targets established under Paragraphs A.3(a) and (b), above. The Committee’s right to exercise this discretion with respect to
the number of PEPunits earned shall continue until the date on which the PEPunits are paid to the Participant. 

 Any PEPunits that are not earned in accordance with this Paragraph A.3 shall be forfeited
and cancelled. Except in the case of death or Total Disability, the PEPunits for which a Participant has satisfied the performance criteria will be payable in one payment as soon as practicable after March 1, 2016. 

4. Effect of Termination of Employment, Retirement, Death and Total Disability. 

(a) Termination of Employment. PEPunits may vest and become payable only while the Participant is actively employed by the
Company. Thus, vesting ceases upon the termination of the Participant’s active employment with the Company. Subject to subparagraphs 4(b), 4(c) and 4(d), all unvested PEPunits shall automatically be forfeited and cancelled upon the date that
the Participant’s active employment with the Company terminates regardless of whether any such PEPunits have previously been earned in accordance with Paragraph A.3 above. An authorized severance leave of absence will not be treated as active
employment, and, as a result, the vesting of PEPunits will not be extended by any such period. 
 (b) Retirement Prior
to Age 62. If the Participant’s employment terminates prior to the Vesting Date by reason of the Participant’s Retirement prior to attaining at least age 62, then a whole number of the target PEPunits granted hereunder shall vest on
the Participant’s last day of active employment with the Company, with such number determined in proportion to the Participant’s active service (measured in calendar days) during the period commencing on the Grant Date and ending on the
Vesting Date (the “Vesting Period”). All PEPunits that vest in accordance with the foregoing sentence shall remain subject to the earning and forfeiture provisions of Paragraphs A.2 and A.3. 

(c) Retirement on or After Age 62. If the Participant’s employment terminates by reason of the Participant’s Retirement
after attaining at least age 62, then the PEPunits granted hereunder shall become fully vested on the Participant’s last day of active employment with the Company. All such vested PEPunits shall remain subject to the earning and forfeiture
provisions of Paragraphs A.2 and A.3. 
 (d) Death or Total Disability. If the Participant’s employment terminates
by reason of death or Total Disability, then the target number of PEPunits set forth in the Award Summary shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability,
means the effective date of Total Disability), and shall be paid as soon as practicable following the date of termination. 

(e) Transfers to a Related Entity. In the event the Participant transfers to a Related Entity and such transfer is arranged
and approved by PepsiCo, the PEPunits shall continue to vest (and their time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as employment with the Company for purposes of
this Agreement. All such PEPunits shall remain subject to the earning and forfeiture provisions of Paragraphs A.2 and A.3. 

5. No Rights as Shareholder. The Participant shall have no rights as a holder of PepsiCo Common Stock with respect to the
PEPunits granted hereunder unless and until such PEPunits have been settled in shares of Common Stock that have been registered in the Participant’s name as owner. 

 B. Terms and Conditions Applicable to LTC Award. These terms and
conditions shall apply with respect to the LTC Award with a March 1, 2013 Grant Date granted to the Participant as indicated on the Award Summary. 
 1. Grant. In consideration of the Participant remaining in the employ of the Company and agreeing to be bound by the covenants of Paragraph C, PepsiCo hereby grants to the Participant, on the
terms and conditions set forth herein, an LTC Award in the target amount indicated on the Award Summary. The LTC Award granted hereunder is intended to be a Performance Award (as defined in the Plan) that satisfies the conditions for the
Performance-Based Exception (as defined in the Plan) under Code Section 162(m). 
 2. Vesting and Payment. The LTC
Award may only vest while the Participant is actively employed by the Company. Subject to Paragraphs B.3 and B.4 below, the LTC Award earned in accordance with Paragraph B.3 shall vest on the Vesting Date and be paid in cash as soon as practicable
after such date (the “Payment Date”). Any amount that the Company may be required to withhold upon the settlement of the LTC Award in respect of applicable foreign, federal (including FICA), state and local taxes, must be paid in
full at the time of payment. Unless the Participant makes other arrangements to satisfy this withholding obligation in accordance with procedures approved by the Company in its discretion, the Company will withhold a portion of the cash settlement
amount of the LTC Award sufficient to satisfy any related required withholding obligation. 
 3. Earning and Forfeiture
of LTC Award. The Participant can earn between 0% and 150% of the target amount of the LTC Award granted hereunder. The portion of the LTC Award that is earned shall be determined based on the achievement of performance targets established by
the Committee. Any portion of the LTC Award that is not earned in accordance with this Paragraph B.3 shall be forfeited and cancelled. Subject to the terms and conditions set forth herein, the LTC Award shall be earned as follows: 

(a) One-half of the LTC Award shall be earned based on and subject to the level of achievement with respect to a Performance
Measure selected by the Committee for the Performance Period pursuant to the performance scale established by the Committee and communicated to the Participant. The Committee shall determine and certify the results of the level of achievement of
such target. 
 (b) One-half of the LTC Award shall be earned based on and subject to the level of achievement with
respect to a second Performance Measure selected by the Committee for the Performance Period pursuant to the performance scale established by the Committee and communicated to the Participant. The Committee shall determine and certify the results of
the level of achievement of such target. 
 (c) Notwithstanding the achievement of any performance targets established
under Paragraphs B.3(a) and (b) above, for any amount of the LTC Award to vest or become payable the Committee must determine that the minimum level of performance established by the Committee with respect to a third Performance Measure
selected by the Committee for the Performance Period, and communicated to the Participant, has been met. If the Committee determines that the minimum level of performance has not been met, then no amount of the LTC Award held by the Participant
shall vest or become payable, and the LTC Award shall be forfeited and cancelled. 

 Notwithstanding the level of performance achieved with respect to such Performance Measure,
or the level of performance achieved with respect to the performance targets established under Paragraphs B.3(a) and (b) above, the Committee has the discretion to reduce the amount of the LTC Award to be paid. The Committee’s right to
exercise this discretion with respect to the earned portion of the LTC Award shall continue until the date on which the LTC Award is paid to the Participant. Except in the case of death or Total Disability, the portion of the LTC Award with respect
to which a Participant has satisfied the performance criteria will be payable in one payment as soon as practicable after March 1, 2016. 
 4. Effect of Termination of Employment, Retirement, Death and Total Disability. 
 (a) Termination of Employment. The LTC Award may vest and become payable only while the Participant is actively employed by the Company. Thus, vesting ceases upon the termination of the
Participant’s active employment with the Company. Subject to subparagraphs 4(b) and 4(c), any unvested portion of the LTC Award shall automatically be forfeited and cancelled upon the date that the Participant’s active employment with the
Company terminates regardless of whether any portion of such LTC Award has previously been earned in accordance with Paragraph B.3 above. An authorized severance leave of absence will not be treated as active employment, and, as a result, the
vesting of any LTC Award will not be extended by any such period. 
 (b) Retirement Prior to Age 62. If the
Participant’s employment terminates prior to the Vesting Date by reason of the Participant’s Retirement prior to attaining at least age 62, then a portion of the target LTC Award granted hereunder shall vest on the Participant’s last
day of active employment with the Company, with such number determined in proportion to the Participant’s active service (measured in calendar days) during the Vesting Period. Any portion of an LTC Award that vests in accordance with the
foregoing sentence shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3 (with subparagraphs 3(a) and 3(b) of Paragraph B each being applied to one half of the LTC Award that vests in accordance with the foregoing
sentence and with subparagraph 3(c) being applied to such vested portion of the LTC Award). 
 (c) Retirement on or After
Age 62. If the Participant’s employment terminates by reason of the Participant’s Retirement after attaining at least age 62, then the LTC Award granted hereunder shall become fully vested on the Participant’s last day of active
employment with the Company. Any such vested LTC Award shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3. 
 (d) Death or Total Disability. If the Participant’s employment terminates by reason of death or Total Disability, then the target amount of the LTC Award set forth in the Award Summary shall
become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability), and shall be paid as soon as practicable following the date of
termination. 

 (e) Transfers to a Related Entity. In the event the Participant transfers to a
Related Entity and such transfer is arranged and approved by PepsiCo, the LTC Award shall continue to vest (and the time of payment shall be determined) after such transfer by treating the Participant’s employment with the Related Entity as
employment with the Company for purposes of this Agreement. Any such LTC Award shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3. 
 C. Prohibited Conduct. In consideration of the Company disclosing and providing access to Confidential Information, as more fully described in Paragraph C.2 below, after the date
hereof, the grant by the Company of the PEPunits and the LTC Award, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Participant and the Company, intending to be legally bound, hereby agree
as follows. 
 1. Non-Competition and Non-Solicitation. The Participant hereby covenants and agrees that at all
times during his or her employment with the Company and for a period of twelve months after the termination of the Participant’s employment with the Company for any reason whatsoever (including a termination due to the Participant’s
Retirement), he or she will not, without the prior written consent of PepsiCo’s chief human resources officer or chief legal officer, either directly or indirectly, for himself/herself or on behalf of or in conjunction with any other person,
partnership, corporation or other entity, engage in any activities prohibited in the following Paragraphs C.1(a) through (c): 

(a) The Participant shall not, in any country in which the Company operates, accept any employment, assignment, position or
responsibility, provide services in any capacity, or acquire any ownership interest that involves the Participant’s Participation in an entity that markets, sells, distributes or produces Covered Products, unless such entity makes retail sales
or consumes Covered Products without in any way competing with the Company; 
 (b) With respect to Covered Products, the
Participant shall not directly or indirectly solicit for competitive business purposes any customer or Prospective Customer of the Company called on, serviced by, or contacted by the Participant in any capacity during his or her employment; or

 (c) The Participant shall not in any way, directly or indirectly (including through someone else acting on the
Participant’s recommendation, suggestion, identification or advice), solicit any Company employee to leave the Company’s employment or to accept any position with any other entity. 
 Notwithstanding anything in this Paragraph C.1, the Participant shall not be considered to be in violation of Paragraph C.1(a) solely by reason of owning, directly or indirectly, up to five percent
(5%) in the aggregate of any class of securities of any publicly traded corporation engaged in the prohibited activities described in Paragraph C.1(a). 
 2. Non-Disclosure. In order to assist the Participant with his or her duties, the Company shall continue to provide the Participant with access to confidential and proprietary operational
information and other confidential information that is either information not known by actual or potential competitors, customers and third parties of the Company or is proprietary information of the Company (“Confidential
Information”). Such Confidential Information shall include all non-public information the Participant acquired as a result of his or her positions with the Company that might be of any value to a competitor of the Company, or that might
cause any economic loss or substantial embarrassment to the Company or its customers, bottlers, distributors or suppliers if used or disclosed. Examples of such Confidential Information include,

 
without limitation, non-public information about the Company’s customers, suppliers, distributors and potential acquisition targets; its business operations, structure and methods of
operation; its product lines, formulae and pricing; its processes, machines and inventions; its research and know-how; its production techniques; its financial data; its advertising and promotional ideas and strategy; information maintained in its
computer systems; devices, processes, compilations of information and records; and its plans and strategies. The Participant agrees that such Confidential Information remains confidential even if committed to the Participant’s
memory. The Participant agrees, during the term of his or her employment and at all times thereafter, not to use, divulge, or furnish or make accessible to any third party, company, corporation or other organization (including but not limited
to, customers, competitors, or governmental agencies), without the Company’s prior written consent, any Confidential Information of the Company, except as necessary in his or her position with the Company.

3. Return of Confidential Information and Company Property. The Participant agrees that whenever the Participant’s employment
with the Company ends for any reason, (a) all documents containing or referring to the Company’s Confidential Information as may be in the Participant’s possession, or over which the Participant may have control, and all other
property of the Company provided to the Participant by the Company during the course of the Participant’s employment with the Company will be returned by the Participant to the Company immediately, with no request being required; and
(b) all Company computer and computer-related equipment and software, and all Company property, files, records, documents, drawings, specifications, lists, equipment, and similar items relating to the business of the Company, whether prepared
by the Participant or otherwise, coming into the Participant’s possession or control during the course of his employment shall remain the exclusive property of the Company, and shall be delivered by the Participant to the Company immediately,
with no request being required. 
 4. Misconduct. During the term of his or her employment with the Company, the
Participant shall not engage in any of the following acts that are considered to be contrary to the Company’s best interests: (a) breaching any contract with or violating any obligation to the Company, including the Company’s Code of
Conduct, Insider Trading Policy or any other written policies of the Company, (b) unlawfully trading in the securities of PepsiCo or of any other company based on information gained as a result of his or her employment with the Company,
(c) committing a felony or other serious crime, (d) engaging in any activity that constitutes gross misconduct in the performance of his or her employment duties or (e) engaging in any action that constitutes gross negligence or
misconduct and that causes or contributes to the need for an accounting adjustment to PepsiCo’s financial results. 

5. Reasonableness of Provisions. The Participant agrees that: (a) the terms and provisions of this Agreement are
reasonable and constitute an otherwise enforceable agreement to which the terms and provisions of this Paragraph C are ancillary or a part of; (b) the consideration provided by the Company under this Agreement is not illusory; (c) the
restrictions contained in this Paragraph C are necessary and reasonable for the protection of the legitimate business interests and goodwill of the Company; and (d) the consideration given by the Company under this Agreement, including, without
limitation, the provision by the Company of Confidential Information to the Participant, gives rise to the Company’s interest in the covenants set forth in this Paragraph C. 

6. Repayment and Forfeiture. The Participant specifically recognizes and affirms that each of the covenants contained in
Paragraphs C.1 through C.4 of this Agreement is a material and important term of this Agreement that has induced the Company to provide for the award of the PEPunits and the LTC Award granted hereunder, the disclosure of Confidential Information

 
referenced herein, and the other promises made by the Company herein. The Participant further agrees that in the event that (i) the Company determines that the Participant has breached
any term of Paragraphs C.1 through C.4 or (ii) all or any part of Paragraph C is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between the Participant and the Company, in
addition to any other remedies at law or in equity the Company may have available to it, the Company may in its sole discretion: 
 (a) cancel any unpaid PEPunits or any LTC Award granted hereunder; and 

(b) require the Participant to pay to the Company the value (determined as of the date paid) of any PEPunits and any portion of any
LTC Award granted hereunder that have been paid out. 
 7. Equitable Relief. In the event the Company determines
that the Participant has breached or attempted or threatened to breach any term of Paragraph C, in addition to any other remedies at law or in equity the Company may have available to it, it is agreed that the Company shall be entitled, upon
application to any court of proper jurisdiction, to a temporary restraining order or preliminary injunction (without the necessity of (a) proving irreparable harm, (b) establishing that monetary damages are inadequate or (c) posting
any bond with respect thereto) against the Participant prohibiting such breach or attempted or threatened breach by proving only the existence of such breach or attempted or threatened breach. 

8. Extension of Restrictive Period. The Participant agrees that the period during which the covenants contained in this
Paragraph C shall be effective shall be computed by excluding from such computation any time during which the Participant is in violation of any provision of Paragraph C. 
 9. Acknowledgments. The Company and the Participant agree that it was their intent to enter into a valid and enforceable agreement. The Participant and the Company thereby acknowledge the
reasonableness of the restrictions set forth in Paragraph C, including the reasonableness of the geographic area, duration as to time and scope of activity restrained. The Participant further acknowledges that his or her skills are such that he
or she can be gainfully employed in noncompetitive employment and that the agreement not to compete will not prevent him or her from earning a living. The Participant agrees that if any covenant contained in Paragraph C of this Agreement is
found by a court of competent jurisdiction to contain limitations as to time, geographical area, or scope of activity that are not reasonable and impose a greater restraint than is necessary to protect the goodwill or other business interest of the
Company, then the court shall reform the covenant to the extent necessary to cause the limitations contained in the covenant as to time, geographical area, and scope of activity to be restrained to be reasonable and to impose a restraint that is not
greater than necessary to protect the goodwill and other business interests of the Company and to enforce the covenants as reformed. 
 10. Provisions Independent. The covenants on the part of the Participant in this Paragraph C shall be construed as an agreement independent of any other agreement, including any employee
benefit agreement, and independent of any other provision of this Agreement, and the existence of any claim or cause of action of the Participant against the Company, whether predicated upon this Agreement or otherwise, shall not constitute a
defense to the enforcement by the Company of such covenants. 
 11. Notification of Subsequent Employer. The
Participant agrees that the Company may notify any person or entity employing the Participant or evidencing an intention of employing the Participant of the existence and provisions of this Agreement. 

 12. Transfers to a Related Entity. In the event the Participant transfers to a
Related Entity as a result of actions by PepsiCo, any reference to “Company” in this Paragraph C shall be deemed to refer to such Related Entity in addition to the Company. 
 D. Additional Terms and Conditions. 
 1. Adjustment for
Change in Common Stock. In the event of any change in the outstanding shares of PepsiCo Common Stock by reason of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination or exchange of shares,
spin-off or other similar corporate change, the Absolute Stock Price Adjustment and the number and type of shares to which the PEPunits held by the Participant relate shall be adjusted to such extent (if any), determined to be appropriate and
equitable by the Committee. 
 2. Nontransferability. Unless the Committee specifically determines otherwise:
(a) the PEPunits and LTC Award are personal to the Participant and (b) neither the PEPunits nor the LTC Award shall be transferable or assignable, other than in the case of the Participant’s death by will or the laws of descent and
distribution, and any such purported transfer or assignment shall be null and void. 
 3. Definitions. As used in
this Agreement, the following terms shall have the meanings set forth below: 
 (a) “Covered Products”
means any product that falls into one or more of the following categories, so long as the Company is producing, marketing, selling or licensing such product anywhere in the world: beverages, including without limitation carbonated soft drinks, tea,
water, juice drinks, sports drinks, coffee drinks, energy drinks and value added dairy drinks; juices and juice products; dairy products; snacks, including salty snacks, sweet snacks, meat snacks, granola and cereal bars, and cookies; hot cereals;
pancake mixes; value-added rice products; pancake syrup; value-added pasta products; ready-to-eat cereals; dry pasta products; or any product or service that the Participant had reason to know was under development by the Company during the
Participant’s employment with the Company. 
 (b) “Closing Price” of a share of PepsiCo Common Stock
on any date shall mean an amount equal to the closing sales price for a share of PepsiCo Common Stock as reported on the composite tape for securities listed on the New York Stock Exchange on the date in question (or if no sales of Common Stock were
made on said Exchange on such date, on the immediately preceding day on which sales were made on such Exchange). 

(c) “Participation” shall be construed broadly to include, without limitation: (i) serving as a director,
officer, employee consultant or contractor with respect to such a business entity; (ii) providing input, advice, guidance or suggestions to such a business entity; or (iii) providing a recommendation or testimonial on behalf of such a
business entity or one or more products it produces. 
 (d) The “Premium Stock
Factor” shall equal twice the quotient obtained by dividing (i) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date by (ii) the product of (a) the
average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Grant Date and (b) 1.05n, where “n” equals the number of years included in the Performance Period. 

(e) “Prospective Customer” shall mean any individual or entity of which the Participant has gained knowledge as a
result of the Participant’s employment with the Company and with which the Participant dealt with or had contact with during the six (6) months preceding his or her termination of employment with the Company. 

 (f) “Related Entity” shall mean any entity (i) as to which
PepsiCo directly or indirectly owns 20% or more, but less than a majority, of the entity’s voting securities, general partnership interests, or other voting or management rights at the relevant time and (ii) which the Committee or its
delegate deems in its sole discretion to be a related entity at the relevant time. 
 (g) “Retirement”
shall mean (i) early, normal or late retirement as used in the U.S. pension plan of the Company in which the Participant participates (if any) and for which the Participant is eligible pursuant to the terms of such plan or (ii) termination
of employment after attaining at least age 55 and completing at least 10 years of service with the Company (or, if earlier, after attaining at least age 65 and completing at least five years of service with the Company), with the number of
years of service completed by a Participant subject to clause (ii) to be calculated in accordance with administrative procedures established from time to time under the Plan. 

(h) “Stock Price Return” shall equal the quotient obtained by dividing (i) the positive or negative difference
between (a) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date minus (b) the average of the Closing Prices on all trading days occurring during the 90 calendar day
period prior to the Grant Date; by (ii) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date. 
 (i) “Total Disability” shall mean being considered totally disabled under the PepsiCo Long-Term Disability Program (as amended and restated from time to time), with such status
having resulted in benefit payments from such plan or another Company-sponsored disability plan and 12 months having elapsed since the Participant was so considered to be disabled from the cause of the current disability. The effective date of
a Participant’s Total Disability shall be the first day that all of the foregoing requirements are met. 

4. Notices. Any notice to be given to PepsiCo in connection with the terms of this Agreement shall be addressed to PepsiCo at
700 Anderson Hill Road, Purchase, New York 10577, Attention: Senior Vice President, Total Rewards, or such other address as PepsiCo may hereafter designate to the Participant. Any such notice shall be deemed to have been duly given when personally
delivered, addressed as aforesaid, or when enclosed in a properly sealed envelope or wrapper, addressed as aforesaid, and deposited, postage prepaid, with the federal postal service. 

5. Binding Effect. This Agreement shall be binding upon and inure to the benefit of any assignee or successor in interest to
PepsiCo, whether by merger, consolidation or the sale of all or substantially all of PepsiCo’s assets. PepsiCo will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all
of the business and/or assets of PepsiCo expressly to assume and agree to perform this Agreement in the same manner and to the same extent that PepsiCo would be required to perform it if no such succession had taken place. This Agreement shall be
binding upon and inure to the benefit of the Participant or his or her legal representative and any person to whom the PEPunits and LTC Award may be transferred by will or the applicable laws of descent and distribution. 

6. No Contract of Employment; Agreement’s Survival. This Agreement is not a contract of employment. This Agreement
does not impose on the Company any obligation to retain the Participant in its employ and shall not interfere with the ability of the Company to terminate the 

 
Participant’s employment relationship at any time. This Agreement shall survive the termination of the Participant’s employment for any reason. If an entity ceases to be a
majority-owned subsidiary of PepsiCo for purposes of Rule 12b-2 of the Exchange Act or a Related Entity, such cessation shall, for purposes of this Agreement, be deemed to be a termination of employment with the Company with respect to any
Participant employed by such entity, unless the Committee or its delegate determines otherwise in its sole discretion. 

7. Registration, Listing and Qualification of Shares. The Committee may require that the Participant make such
representations and agreements and furnish such information as the Committee deems appropriate to assure compliance with or exemption from the requirements of any securities exchange, any foreign, federal, state or local law, any governmental
regulatory body, or any other applicable legal requirement, and PepsiCo Common Stock shall not be issued unless and until the Participant makes such representations and agreements and furnished such information as the Committee deems appropriate.

 8. Amendment; Waiver. The terms and conditions of this Agreement may be amended in writing by the chief personnel
officer or chief legal officer of PepsiCo (or either of their delegates); provided, however, that (i) no such amendment shall adversely affect the awards granted hereunder without the Participant’s written consent (except to the extent the
Committee reasonably determines that such amendment is necessary or appropriate to comply with applicable law, including the provisions of Code Section 409A and the regulations thereunder pertaining to the deferral of compensation, or the rules
and regulations of any stock exchange on which PepsiCo Common Stock is listed or quoted); and (ii) the amendment must be permitted under the Plan. The Company’s failure to insist upon strict compliance with any provision of this Agreement
or failure to exercise, or any delay in exercising, any right, power or remedy under this Agreement shall not be deemed to be a waiver of such provision or any such right, power or remedy which the Board (as defined in the Plan), the Committee or
the Company has under this Agreement. 
 9. Severability or Reform by Court. In the event that any provision of this
Agreement is deemed by a court to be broader than permitted by applicable law, then such provision shall be reformed (or otherwise revised or narrowed) so that it is enforceable to the fullest extent permitted by applicable law. If any provision of
this Agreement shall be declared by a court to be invalid or unenforceable to any extent, the validity or enforceability of the remaining provisions of this Agreement shall not be affected. 

10. Plan Controls. The PEPunits, the LTC Award and the terms and conditions set forth herein are subject in all respects to
the terms and conditions of the Plan and any guidelines, policies or regulations which govern administration of the Plan, which shall be controlling. The Committee reserves its rights to amend or terminate the Plan at any time without the consent of
the Participant; provided, however, that PEPunits and LTC Awards outstanding under the Plan at the time of such action shall not, without the Participant’s written consent, be adversely affected thereby (except to the extent the Committee
reasonably determines that such amendment or termination is necessary or appropriate to comply with applicable law, including the provisions of Code Section 409A and the regulations thereunder pertaining to the deferral of compensation, or the
rules and regulations of any stock exchange on which PepsiCo Common Stock is listed or quoted). All interpretations or determinations of the Committee or its delegate shall be final, binding and conclusive upon the Participant (and his or her legal
representatives and any recipient of a transfer of the PEPunits or LTC Award permitted by this Agreement) on any question arising hereunder or under the Plan or other guidelines, policies or regulations which govern administration of the Plan.

 11. Participant Acknowledgements. By entering into this Agreement, the
Participant acknowledges and agrees that: 
 (a) the PEPunits and the LTC Award will be exclusively governed by the terms
of the Plan, including the right reserved by the Company to amend or cancel the Plan at any time without the Company incurring liability to the Participant (except for PEPunits and LTC Awards already granted under the Plan); 

(b) the Participant has been provided a copy of PepsiCo’s Prospectus relating to the Plan, the PEPunits (and the shares
covered thereby) and the LTC Award; 
 (c) PEPunits and LTC Awards are not a constituent part of the Participant’s
salary and that the Participant is not entitled, under the terms and conditions of his/her employment, or by accepting or being awarded any PEPunits or LTC Awards pursuant to this Agreement, to require options, performance stock units, cash or other
awards to be granted to him/her in the future under the Plan or any other plan; 
 (d) upon payment of PEPunits or LTC
Awards, the Participant will arrange for payment to the Company an estimated amount to cover employee payroll taxes resulting from such payment and/or, to the extent necessary, any balance may be withheld from the Participant’s wages;

 (e) benefits received under the Plan will be excluded from the calculation of termination indemnities or other
severance payments; 
 (f) in the event of termination of the Participant’s employment, a severance or notice period
to which the Participant may be entitled under local law and which follows the date of termination specified in a notice of termination or other document evidencing the termination of the Participant’s employment will not be treated as active
employment for purposes of this Agreement and, as a result, vesting of unvested PEPunits or LTC Awards will not be extended by any such period; and 
 (g) this Agreement will be interpreted and applied so that the PEPunits and the LTC Award, to the extent possible, will not be subject to Code Section 409A. To the extent such awards are subject
to Code Section 409A because of the Participant’s eligibility for Retirement, then payments limited to the earliest permissible payment date under Code Section 409A shall be made following a Change in Control only (i) upon a
Change in Control if it qualifies under Code Section 409A(a)(2)(A)(v) (a “409A CIC”), and (ii) upon a termination of employment if it occurs after a 409A CIC and it constitutes a Section 409A separation from service
(and in this case, the six-month delay of Code Section 409A(a)(2)(B)(i) shall apply to “specified employees,” determined under the default rules of Section 409A or such other rules as apply generally under the Company’s
Section 409A plans). Notwithstanding any other provision of this Agreement, this Agreement will be modified to the extent the Committee reasonably determines is necessary or appropriate for such PEPunits or LTC Awards to comply with Code
Section 409A. 
 12. Right of Set-Off. The Participant agrees, in the event that the Company in its reasonable
judgment determines that the Participant owes the Company any amount due to any loan, note, obligation or indebtedness, including but not limited to amounts owed to the Company pursuant to the Company’s tax equalization program or the
Company’s policies with respect to travel and business expenses, and if the Participant has not satisfied such obligation(s), then the Company may instruct the plan administrator to withhold and/or sell shares of PepsiCo Common Stock acquired
by the Participant upon settlement of the PEPunits (to the extent such PEPunits are not subject to Code Section 409A), or the Company may deduct funds equal to the amount of such obligation from other funds due to the Participant from the
Company (including with respect to any LTC Award) to the maximum extent permitted by Code Section 409A. 

 13. Electronic Delivery and Acceptance. The Participant hereby consents and agrees
to electronic delivery of any Plan documents, proxy materials, annual reports and other related documents. The Participant hereby consents to any and all procedures that the Company has established or may establish for an electronic signature
system for delivery and acceptance of Plan documents (including documents relating to any programs adopted under the Plan), and agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her
manual signature. Participant consents and agrees that any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan, including any program adopted under the
Plan. 
 14. Data Privacy. Participant hereby acknowledges and consents to the collection, use, processing and transfer
of personal data as described in this Paragraph D.14. Participant is not obliged to consent to such collection, use, processing and transfer of personal data. However, failure to provide the consent may affect Participant’s ability to
participate in the Plan. The Company and Participant’s employer hold certain personal information about Participant, that may include his/her name, home address and telephone number, date of birth, social security number or other employee
identification number, salary grade, hire data, salary, nationality, job title, any shares of PepsiCo Common Stock, or details of all options, performance stock units or any other entitlement to shares of stock awarded, cancelled, purchased, vested,
or unvested, for the purpose of managing and administering the Plan (“Data”). PepsiCo and/or its subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management
of Participant’s participation in the Plan, and PepsiCo and/or any of its subsidiaries may each further transfer Data to any third parties assisting PepsiCo in the implementation, administration and management of the Plan. These recipients
may be located throughout the world, including the United States. Participant’s authorizes them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing
Participant’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on Participant’s behalf to a broker or other
third party with whom Participant may elect to deposit any shares of stock acquired pursuant to the Plan. Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the
Company; however, withdrawing consent may affect Participant’s ability to participate in the Plan.
 15. Stock
Ownership/Exercise & Hold Guidelines. The Participant agrees as a condition of this grant that, in the event that the Participant is or becomes subject to the Company’s Stock Ownership or Exercise & Hold Guidelines, the
Participant shall not sell any shares obtained upon settlement of the PEPunits unless such sale complies with the Stock Ownership and Exercise & Hold Guidelines as in effect from time to time. 

16. Governing Law. Notwithstanding the provisions of Paragraphs D.10 and D.11, this Agreement shall be governed, construed
and enforced in accordance with the laws of the State of New York, without giving effect to conflict of law rules or principles. 
 17. Choice of Venue. Notwithstanding the provisions of Paragraphs D.10 and D.11, any action or proceeding seeking to enforce any provision of or based on any right arising out of this Agreement may
be brought against the Participant or the Company only in the courts of the State of New York or, if it has or can acquire jurisdiction, in the United States District Court for the Southern District of New York, and the Participant and the Company
consents to the jurisdiction of such courts (and of the appropriate appellate courts) in any such action or proceeding and waives any objection to venue laid therein. 

 18. Entire Agreement. This Agreement contains all the understanding and
agreements between the Participant and the Company regarding the subject matter hereof.
 [rest of page intentionally left blank]Exhibit 4.1

 Exhibit 4.1 
 GENERAL DYNAMICS CORPORATION 401(k) PLAN 
 FOR REPRESENTED EMPLOYEES

 (As Amended and Restated 
 Effective as of December 31, 2012) 

 TABLE OF CONTENTS 

 

							
	ARTICLE I INTRODUCTION & PLAN HISTORY	  	 	1	 
	 1.01
	 	 Introduction
	  	 	1	 
	 1.02
	 	 History & Effective Date
	  	 	1	 
	 1.03
	 	 Employers
	  	 	2	 
	 1.04
	 	 Notices
	  	 	2	 
	 1.05
	 	 Funding of Benefits
	  	 	2	 
	 1.06
	 	 Exhibits and Plan Supplements
	  	 	2	 
		
	ARTICLE II DEFINITIONS	  	 	3	 
	 2.01
	 	 Account
	  	 	3	 
	 2.02
	 	 Active Participant
	  	 	3	 
	 2.03
	 	 Affiliated Group
	  	 	3	 
	 2.04
	 	 After-Tax Contributions
	  	 	3	 
	 2.05
	 	 Authorized Leave of Absence
	  	 	4	 
	 2.06
	 	 Beneficiary
	  	 	4	 
	 2.07
	 	 Company
	  	 	4	 
	 2.08
	 	 Company Stock or Shares
	  	 	4	 
	 2.09
	 	 Continuous Service
	  	 	4	 
	 2.10
	 	 Contributions
	  	 	5	 
	 2.11
	 	 Deferral Pay
	  	 	5	 
	 2.12
	 	 Deferral Percentage
	  	 	5	 
	 2.13
	 	 Disability
	  	 	5	 
	 2.14
	 	 Effective Date
	  	 	5	 
	 2.15
	 	 Eligible Employee
	  	 	5	 
	 2.16
	 	 Employee
	  	 	6	 
	 2.17
	 	 Employer or Employing Unit
	  	 	6	 
	 2.18
	 	 Employer Contributions
	  	 	7	 
	 2.19
	 	 401(k) Contributions
	  	 	7	 
	 2.20
	 	 Highly Compensated Employee
	  	 	7	 
	 2.21
	 	 Hour of Service
	  	 	7	 
	 2.22
	 	 Inactive Participant
	  	 	7	 
	 2.23
	 	 Internal Revenue Code and ERISA
	  	 	8	 
	 2.24
	 	 Investment Committee
	  	 	8	 
	 2.25
	 	 Participant
	  	 	8	 
	 2.26
	 	 Plan Administrator
	  	 	8	 
	 2.27
	 	 Plan Year
	  	 	8	 
	 2.28
	 	 Qualified Military Service
	  	 	8	 
	 2.29
	 	 Qualified Reservist Distributions
	  	 	8	 
	 2.30
	 	 Rollover Contributions
	  	 	8	 
	 2.31
	 	 Spouse
	  	 	9	 
	 2.32
	 	 Stock Fund Fiduciary
	  	 	9	 
	 2.33
	 	 Valuation Date
	  	 	9	 
	 2.34    
	 	 Vested Account
	  	 	9	 
		
	ARTICLE III PARTICIPATION	  	 	9	 
	 3.01
	 	 Eligibility and Commencement of Participation
	  	 	9	 

  
 i 

							
	 3.02
	 	 Active Participation
	  	 	9	 
	 3.03
	 	 Inactive Participation
	  	 	10	 
	 3.04
	 	 Limited Participation by Beneficiary or Alternate Payee
	  	 	10	 
	 3.05
	 	 Termination of Participation
	  	 	10	 
	 3.06
	 	 Transfer of Employment
	  	 	10	 
	 3.07
	 	 Leased Employees
	  	 	11	 
		
	ARTICLE IV PARTICIPANT CONTRIBUTIONS	  	 	11	 
	 4.01
	 	 401(k) Contributions
	  	 	11	 
	 4.02
	 	 Payment of Participant Contributions
	  	 	11	 
	 4.03
	 	 After-Tax Contributions
	  	 	12	 
	 4.04
	 	 Variation, Discontinuance and Resumption of Participant Contributions
	  	 	12	 
	 4.05
	 	 Maximum Amount of Participant Contributions
	  	 	12	 
	 4.06
	 	 Limitation on Participant Compensation Deferral Contributions
	  	 	12	 
	 4.07
	 	 Rollover Contributions
	  	 	14	 
	 4.08
	 	 Vesting
	  	 	15	 
	 4.09
	 	 Catch-up Contributions
	  	 	15	 
	 4.10
	 	 Roth Elective Deferrals
	  	 	15	 
		
	ARTICLE V EMPLOYER CONTRIBUTIONS	  	 	18	 
	 5.01
	 	 Employer Matching Contributions
	  	 	18	 
	 5.02
	 	 Employer Discretionary Contribution
	  	 	18	 
	 5.03
	 	 Limitations on Employer Contributions
	  	 	18	 
	 5.04
	 	 Payment of Employer Contributions
	  	 	19	 
	 5.05
	 	 Verification of Employer Contributions
	  	 	19	 
	 5.06
	 	 No Interest in Employers
	  	 	19	 
		
	ARTICLE VI INVESTMENT OF CONTRIBUTIONS	  	 	19	 
	 6.01
	 	 The Investment Funds
	  	 	19	 
	 6.02
	 	 Investment Fund Elections
	  	 	20	 
	 6.03
	 	 Diversification
	  	 	21	 
	 6.04
	 	 Investment Fund Transfers
	  	 	21	 
	 6.05
	 	 Purchase of Company Stock
	  	 	21	 
	 6.06
	 	 Voting of Company Stock
	  	 	22	 
	 6.07
	 	 Tenders or Offers of Purchase for Company Stock
	  	 	22	 
	 6.08
	 	 Additional Restrictions
	  	 	24	 
	 6.09
	 	 Special Fiduciary Provisions Concerning Company Stock
	  	 	24	 
	 6.10
	 	 No Obligation to Acquire Securities
	  	 	24	 
	 6.11
	 	 General Dynamics Stock Fund.
	  	 	24	 
	 6.12
	 	 Self-Directed Brokerage Window
	  	 	26	 
	 6.13
	 	 Managed Account
	  	 	26	 
		
	ARTICLE VII VESTING AND FORFEITURES	  	 	26	 
	 7.01
	 	 General
	  	 	26	 
	 7.02
	 	 Vested Account
	  	 	26	 
	 7.03
	 	 Forfeitures
	  	 	28	 
	 7.04    
	 	 Value Upon Distribution
	  	 	29	 

  
 ii 

							
	ARTICLE VIII DISTRIBUTIONS UPON RETIREMENT, TERMINATION OR DEATH	  	 	29	 
	 8.01
	 	 Right to Payment
	  	 	29	 
	 8.02
	 	 Form of Payment
	  	 	31	 
	 8.03
	 	 Distributions Made in Cash or Shares
	  	 	32	 
	 8.04
	 	 Commencement of Payment
	  	 	32	 
	 8.05
	 	 Deferral of Payment
	  	 	34	 
	 8.06
	 	 Designation of Beneficiary
	  	 	34	 
	 8.07
	 	 Special Rules for Distribution In Case of Death
	  	 	35	 
	 8.08
	 	 Missing Participants or Beneficiaries
	  	 	35	 
	 8.09
	 	 Direct Rollovers
	  	 	36	 
	 8.10
	 	 Distribution to Alternate Payees
	  	 	36	 
	 8.11
	 	 Loans to Participants
	  	 	37	 
	 8.12
	 	 Hardship Withdrawal of Compensation Deferral Contributions
	  	 	38	 
	 8.13
	 	 In-Service Withdrawals
	  	 	39	 
	 8.14
	 	 ESOP Dividend Distribution Election
	  	 	40	 
		
	ARTICLE IX PLAN ACCOUNTING	  	 	40	 
	 9.01
	 	 Separate Accounts
	  	 	40	 
	 9.02
	 	 Daily Accounting Dates
	  	 	41	 
	 9.03
	 	 Adjustment of Participants’ Accounts
	  	 	41	 
	 9.04
	 	 Allocation of Employer Contributions
	  	 	41	 
	 9.05
	 	 Crediting of Participant Contributions
	  	 	42	 
	 9.06
	 	 Charging Distributions
	  	 	42	 
	 9.07
	 	 Account Notices
	  	 	42	 
	 9.08
	 	 Statement of Account
	  	 	42	 
	 9.09
	 	 Contribution Limitations
	  	 	42	 
	 9.10
	 	 Allocation of Earnings to Distributions of Excess Contributions
	  	 	43	 
	 9.11
	 	 Limitation on Allocation of Contributions
	  	 	44	 
	 9.12
	 	 Qualified Separate Lines of Business
	  	 	46	 
		
	ARTICLE X GENERAL PROVISIONS	  	 	46	 
	 10.01
	 	 Fiduciary Responsibilities
	  	 	46	 
	 10.02
	 	 Fiduciary Liability
	  	 	46	 
	 10.03
	 	 Administration of the Plan
	  	 	46	 
	 10.04
	 	 Investment Committee
	  	 	47	 
	 10.05
	 	 Delegation
	  	 	47	 
	 10.06
	 	 Employment of Agents
	  	 	47	 
	 10.07
	 	 Action by Employers
	  	 	47	 
	 10.08
	 	 Information Required by Company
	  	 	47	 
	 10.09
	 	 Review of Benefit Determinations
	  	 	48	 
	 10.10
	 	 Company’s Decision Final
	  	 	48	 
	 10.11
	 	 Action by Company
	  	 	48	 
	 10.12
	 	 Waiver of Notice
	  	 	48	 
	 10.13
	 	 Gender and Number
	  	 	49	 
	 10.14
	 	 Controlling Law
	  	 	49	 
	 10.15
	 	 Employment Rights
	  	 	49	 
	 10.16
	 	 Litigation by Participants
	  	 	49	 
	 10.17    
	 	 Interests Not Transferable
	  	 	49	 

  
 iii

							
	 10.18
	 	 Absence of Guaranty
	  	 	49	 
	 10.19
	 	 Evidence
	  	 	49	 
	 10.20
	 	 Indemnification
	  	 	49	 
	 10.21
	 	 Unclaimed Distributions
	  	 	50	 
	 10.22
	 	 Plan Expenses
	  	 	50	 
	 10.23
	 	 Disaster Relief
	  	 	51	 
	 10.24
	 	 Statute of Limitations
	  	 	51	 
	 10.25
	 	 Mitigation
	  	 	51	 
		
	ARTICLE XI AMENDMENT AND TERMINATION	  	 	52	 
	 11.01
	 	 Amendment
	  	 	52	 
	 11.02
	 	 Termination
	  	 	52	 
	 11.03
	 	 Vesting and Distribution on Termination
	  	 	53	 
	 11.04
	 	 Notice of Amendment or Termination
	  	 	53	 
	 11.05
	 	 Plan Merger, Consolidation, etc.
	  	 	53	 
		
	ARTICLE XII SPECIAL RULES FOR TOP-HEAVY PLANS	  	 	53	 
	 12.01
	 	 Purpose and Effect
	  	 	53	 
	 12.02
	 	 Top-Heavy Plan
	  	 	53	 
	 12.03
	 	 Key Employee
	  	 	54	 
	 12.04
	 	 Minimum Vesting
	  	 	55	 
	 12.05
	 	 Minimum Employer Contribution
	  	 	55	 
	 12.06
	 	 Aggregate of Plans
	  	 	55	 
	 12.07
	 	 No Duplication of Benefits
	  	 	55	 
	 12.08
	 	 Adjustment of Combined Benefit Limitations
	  	 	56	 
	 12.09
	 	 Use of Terms
	  	 	56	 
		
	ARTICLE XIII HEART ACT PROVISIONS	  	 	56	 
	 13.01
	 	 Death Benefits
	  	 	56	 
	 13.02
	 	 Differential Wage Payments
	  	 	56	 
	 13.03    
	 	 Severance From Employment
	  	 	56	 
		
	 Supplement A - Electric Boat Corporation Employees Represented by IBEW Local 1186
	  	 	58	 
		
	 Supplement B - For Certain Employees of General Dynamics Armament and Technical Products, Inc. and the former General
Dynamics Defense Systems, Inc.
	  	 	63	 
		
	 Supplement C - Bath Iron Works Corporation
	  	 	70	 
		
	 Supplement D - General Dynamics Advanced Information Systems, Inc.
	  	 	73	 
		
	 Supplement E - For UAW Employees of GDLS Muskegon Operations
	  	 	78	 
		
	 Supplement F - For UAW Employees of GDLS
	  	 	80	 
		
	 Supplement G - National Steel and Shipbuilding Company
	  	 	84	 
		
	 Supplement H - General Dynamics Ordnance and Tactical Systems, Inc.
	  	 	87	 

  
 iv 

							
	 Supplement I - General Dynamics Information Technology (former General Dynamics Network Systems,
Inc.)
	  	 	92	 
		
	 Supplement J - Electric Boat Corporation Employees Represented by the Metal Trades Council
	  	 	97	 
		
	 Supplement K - General Dynamics Land Systems, Inc.
	  	 	100	 
		
	 Supplement L - Electric Boat Corporation Employees Represented by the Marine Draftsmen Association
	  	 	104	 

  
 v 

 ARTICLE I 
 INTRODUCTION & PLAN HISTORY 
 1.01 Introduction. The
General Dynamics Corporation 401(k) Plan for Represented Employees (formerly the General Dynamics Corporation Savings and Stock Investment Plan for Represented Employees) (As Amended and Restated Effective as of December 31, 2012) (the
“Plan”) is maintained by General Dynamics Corporation (the “Company”), a C-Corporation. The purposes of the Plan are to encourage thrift on the part of eligible employees by furnishing them with an incentive to save for the
future and to give them an opportunity to become more interested in the affairs of the Company through investing in the Plan’s Company Stock fund. The Plan is intended to be a profit sharing plan with a Code Section 401(k) feature and a
Code Section 401(m) feature, except that, effective June 1, 2006, a portion of the Plan’s Company Stock fund is designated as a stock bonus plan and an employee stock ownership plan (“ESOP”), as defined in Code
Section 4975(e)(7). In the event that any provision of the Plan relating to the ESOP conflicts with any applicable ESOP requirements set forth in the Code or any regulation thereunder, the Plan shall be construed and administered to conform to
such requirements. 
 1.02 History & Effective Date. The Plan previously was amended and restated effective as
of April 1, 1997, and thereafter was again amended and restated effective as of January 1, 2001. Such 2001 restatement, and as subsequently amended from time to time, (the “2001 Restatement”) is in compliance with the General
Agreement on Tariffs and Trade, the Uniform Services Employment and Reemployment Rights Act, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal Revenue Restructuring and Reform Act of 1998, and the Community
Renewal Tax Relief Act of 2000, as demonstrated by its favorable determination letter issued by the Internal Revenue Service on August 19, 2003. The 2001 Restatement was intended to be in good faith compliance with the requirements of the
Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) and is to be construed in accordance with EGTRRA and guidance issued thereunder. The 2001 Restatement was subsequently restated as of January 1, 2005 and again as of
January 1, 2006, and the foregoing statutory requirements that were implemented in the 2001 Restatement were carried forward in such plan, as set forth therein. 
 Certain of the balances subject to the terms of the Plan were transferred from the General Dynamics Corporation 401(k) Plan 3.0 (formerly the General Dynamics Corporation Savings and Stock Investment Plan
(Plan 3.0)) which was in compliance with the legislation collectively referred to as “GUST” as demonstrated by its favorable determination letter issued by the Internal Revenue Service on August 19, 2003. Such plan is in good faith
compliance with the requirements of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). Such plan, as subsequently restated, received favorable determination letters issued by the Internal Revenue Service on
March 27, 2006, and on July 7, 2010. 
 The Plan was amended and restated as of January 1, 2007, and received a favorable
determination letter from the Internal Revenue Service on October 29, 2010. The Plan was   

  
 1 

 
amended and restated as of January 1, 2009, and again as of January 1, 2010 and January 1, 2012. The effective date of this amendment and restatement of the Plan is
December 31, 2012, except as otherwise provided herein, and all prior statutory requirements are carried forward in the Plan. This Plan is intended to be in good faith compliance with the requirements of the Pension Protection Act of 2006, the
Worker Retiree, and Employer Recovery Act of 2008 and the Heroes Earnings Assistance and Relief Tax Act of 2008. The Plan, as set forth herein, replaces and supersedes all prior versions of the Plan. 

1.03 Employers. Any subsidiary, affiliate or business unit of the Company may become an Employer with the Company’s consent,
provided such consent is indicated by amendment to the Plan. Notwithstanding anything to the contrary, employees of any subsidiary, affiliate or business unit that become employees of the Company or of its controlled group of corporations (as
defined in Code Section 414(b)) by reason of any acquisition, merger or other corporate transaction shall not be permitted to participate in the Plan (a) in the absence of any express provision for their participation in any
“Supplement” (as defined herein) or (b) in the event that such employees continue to actively participate in any similar plan for which the Company or any of its affiliates, subsidiaries or business units assumes or maintains
sponsorship. A “subsidiary” of the Company is any legal entity of which more than 50 percent of the voting stock, units or other ownership interests thereof is owned, directly or indirectly, by the Company. An “affiliate” of the
Company is any legal entity of which more than 50 percent of the voting stock, units or other ownership interests thereof is owned, directly or indirectly, by the owner or owners of more than 50 percent of the voting stock of the Company. A
“business unit” of the Company is any subsidiary or affiliate of the Company or any economic or organizational or locational division or unit thereof. The Company and any stand-alone subsidiaries, affiliates or business units of the
Company which participate in the Plan are referred to below collectively as the “Employers” or “Employing Units” and sometimes individually as an “Employer” or an “Employing Unit.” 

1.04 Notices. Any notice or document required to be given to or filed with the Company will be properly given or filed if
delivered or mailed, by registered mail, postage prepaid, to the Company, at 2941 Fairview Park Drive, Suite 100, Falls Church, VA 22042. 
 1.05 Funding of Benefits. Funds contributed under the Plan are held and invested in a trust fund (the “Trust Fund”), until distribution, by a trustee appointed by the Company or the
Investment Committee (the “Trustee”) in accordance with the terms of a trust agreement between the Investment Committee and/or the Company on the one hand, and the Trustee on the other which implements and forms a part of the Plan (the
“Trust Agreement”). Participation and benefits under the Plan are subject to the terms and provisions of the Plan and Trust Agreement. 
 1.06 Exhibits and Plan Supplements. 

  
 2 

 
From time to time, the Company may adopt exhibits to the Plan for the purpose of setting forth specific provisions of this Plan (“Exhibits”). In addition, the Company may from time to
time adopt supplements to this Plan document for the purpose of providing documentation necessary to determine benefits under the Plan for certain employee groups and Employing Units (“Supplements”). An Exhibit or Supplement may provide
for additional benefits, substitute one benefit for another or provide for more restrictive benefits than those found in the main body of this Plan document. The Exhibits and Supplements may also include provisions to preserve benefits attributable
to such Employees’ participation in a plan of the Employing Unit, predecessor of the Employing Unit or Affiliated Group, or to coordinate such benefits with the benefits of the Plan. Each such Exhibit or Supplement shall be attached to and form
a part of the Plan. Each Exhibit and Supplement shall specify the Employing Unit 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
Exhibits and Supplements. 
 ARTICLE II 
 DEFINITIONS 
 The following words and phrases shall have the
respective meanings stated below unless a different meaning is plainly required by the context: 
 2.01 Account.
“Account” means the recordkeeping account to which Contributions are credited under this Plan, as described in Article IX. An Account may be divided into various sub-accounts, as determined by the Plan Administrator. Such Accounts and
subaccounts, if any, are referred to herein collectively as the “Account” or “Accounts,” and sometimes individually as the “Account.” To the extent necessary or desirable as determined by the Plan Administrator, each
Account shall segregate income from contributions for the purpose of properly recording distributions and/or withdrawals from the Participant’s Account. 
 2.02 Active Participant. “Active Participant” shall have the meaning set forth in Section 3.02. 
 2.03 Affiliated Group. “Affiliated Group” means that group of corporations and entities comprising the following: any corporation which is a Member of a controlled group of corporations
(as defined in Code Section 414(b)) which includes the Company; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Company; any organization (whether or not
incorporated) which is a Participant of an affiliated service group (as defined in Code Section 414(m)) which includes the Company; and any other entity required to be aggregated with the Company pursuant to Regulations under Code
Section 414(o) (collectively referred to herein as an “Affiliated Group Member”). 
 2.04 After-Tax
Contributions. 

  
 3 

 
“After-Tax Contributions” means the amount, if any, withheld from the Participant’s paycheck on a non-deductible basis and contributed to the Plan as permitted under a specific
provision of the Plan. 
 2.05 Authorized Leave of Absence. “Authorized Leave of Absence” means a temporary
paid or unpaid cessation from active employment with the Employer pursuant to an established nondiscriminatory policy, whether occasioned by illness, military service, maternity or paternity reasons, or any other reason. An Authorized Leave of
Absence shall include that portion of leave under the Family and Medical Leave Act, as amended (the “FMLA”) that is required to be credited by the FMLA. In addition, the following shall be Authorized Leaves of Absence: 

 

	 	(a)	Armed Forces Leave. An absence due to service in the Armed Forces of the United States shall be considered an Authorized Leave of Absence provided that the
Employee returns to employment with the Employer with re-employment rights provided by federal law. 

  

	 	(b)	Maternity or Paternity Leave of Absence. For purposes of this Plan, a “maternity or paternity leave of absence” means an absence from work for any
period by reason of the Employee’s pregnancy, birth of the Employee’s child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period
immediately following such birth or placement. In the case of such an absence, the 12-consecutive-month period beginning on the first anniversary of the first day of such absence shall not constitute a One-Year Break-in-Service under
Section 7.02(f). The Plan Administrator shall determine, under rules of uniform application and based on information provided to the Plan Administrator by the Employee, whether the Employee’s absence from work is due to “maternity or
paternity leave of absence.” 

 2.06 Beneficiary. “Beneficiary” shall have that meaning
described in Section 8.06. 
 2.07 Company. “Company” means General Dynamics Corporation and any successor
thereto. 
 2.08 Company Stock or Shares. “Company Stock” or “Shares” means “qualifying employer
securities” of the Company as that term is defined in Code Section 4975(e)(8) (with reference to Code Section 409(l)(1)) to mean common stock issued by the Company which is readily tradable on an established securities market.

 2.09 Continuous Service. 

  
 4 

 
“Continuous Service” shall have that meaning described in Section 7.02(d). 
 2.10 Contributions. “Contributions” means any 401(k) Contributions, After-Tax Contributions, Employer Contributions, Rollover Contributions and other contributions allocated to a
Participant’s Account. 
 2.11 Deferral Pay. A Participant’s “Deferral Pay” shall be defined as
provided in the applicable Supplement. 
 2.12 Deferral Percentage. “Deferral Percentage” shall mean a
Participant’s 401(k) Contribution percentage, as described in Section 4.01 of this Plan and in the applicable Supplement, if any. 
 2.13 Disability. “Disability” means when the Plan Administrator is notified by the Employing Unit that a Participant is determined to be disabled under the terms of his or her Employing
Unit’s applicable long-term disability plan or when a Participant is determined to be disabled by the Social Security Administration. An individual who elects an installment form of distribution of his or her Vested Account by reason of
Disability may be required to submit to a medical examination at any time by the Plan Administrator, but not more often than once every six (6) months, to determine whether he is eligible for continuance of further installment payments. If the
Plan Administrator is notified by the Employing Unit that such individual prior to attaining age sixty-five (65) is no longer disabled under the terms of his or her Employing Unit’s applicable long-term disability plan or is no longer
found to be disabled by the Social Security Administration and such individual returns to active status with the Company, the distribution of his or her Vested Account shall cease. In the event that such individual shall fail within thirty
(30) days after receiving notice to submit to medical examinations, his or her installment distribution payments may be discontinued at the discretion of the Plan Administrator until he or she has submitted to such examination, after which his
or her continued eligibility may be determined as provided above. The medical examinations provided herein shall be made by a competent physician or physicians or clinic or hospital selected by the Plan Administrator. 

2.14 Effective Date. “Effective Date” shall have the meaning set forth in Section 1.02. 

2.15 Eligible Employee. “Eligible Employee” means an Employee who is employed by an Employing Unit and is described in a
Supplement. However, the term “Eligible Employee” shall not include: 

  
 5 

	 	(a)	Union Represented Employees: Employees whose employment is governed by the terms of a collective bargaining agreement between Employee representatives (within
the meaning of Code Section 7701(a)(46)) and an Affiliated Group Member, under which retirement benefits were the subject of good faith bargaining between the parties, will not be eligible to participate in this Plan unless such agreement
expressly provides for coverage under this Plan; 

  

	 	(b)	Non-resident Aliens: Employees who are nonresident aliens (within the meaning of Code Section 7701(b)(1)(B)) and who receive no earned income (within the
meaning of Code Section 911(d)(2)) from the Employer which constitutes income from sources within the United States (within the meaning of Code Section 861(a)(3)); and 

 

	 	(c)	Leased Employees: Employees who are leased employees within the meaning of Code Sections 414(n)(2) and 414(o)(2) and as defined in Section 3.07 of this
Plan. 

 2.16 Employee. “Employee” means an hourly employee of an Affiliated Group Member or of
an Employing Unit. The term “Employee” excludes (a) any individual classified by the Affiliated Group Member or Employing Unit as an independent contractor in respect of his or her services for the Affiliated Group Member or Employing
Unit; (b) any individual whose compensation for services to the Affiliated Group Member or Employing Unit is reported on IRS Form 1099; (c) any individual whose compensation for services to the Affiliated Group Member or Employing Unit is
paid from a payroll or other account of another employer under contract with the Affiliated Group Member or Employing Unit; or (d) any individual who is not paid from the Affiliated Group Member’s or Employing Unit’s payroll
account or with respect to whom the Affiliated Group Member or Employing Unit does not issue an IRS Form W-2 (or any replacement form). Such exclusion shall not be affected by the Affiliated Group Member’s or Employing Unit’s
misclassification of the individual’s employment status, or a determination by a court, government agency, arbitrator, or other authority that the individual is or was a common law employee of the Affiliated Group Member or Employing Unit, or
that the Affiliated Group Member or Employing Unit is or was a common law employer, joint employer, single employer, or co-employer of the individual. 
 For example, this provision excludes from participation in the Plan workers commonly referred to as contract employees, job-shoppers, independent contractors, consultants, and leased employees
(including “leased employees” as that term is used in Code Section 414(n) regardless of whether such leased employees have completed the 12-month waiting period described in Code Section 414(n)). To the extent required by Code
Section 414(n), a “leased employee,” as defined in Section 3.07, shall be treated as an Employee but shall not be eligible to participate in the Plan. To the extent required by Code Section 414(o), individuals who are not
otherwise Employees shall be treated as Employees but shall not be eligible to participate in this Plan. 
 2.17 Employer or
Employing Unit. 

  
 6 

 
“Employer” or “Employing Unit” shall have the meaning set forth in Section 1.03. 
 2.18 Employer Contributions. “Employer Contributions” means the amounts contributed to the Plan by an Employer on a Participant’s behalf pursuant to Section 5.01 or 5.02 of the
Plan. 
 2.19 401(k) Contributions. “401(k) Contributions” means the amounts contributed (on a before-tax
basis) to the Plan by an Employer on the Participant’s behalf pursuant to the Participant’s valid election. A Participant shall at all times be 100% vested in his or her 401(k) Contributions and earnings thereon. 

2.20 Highly Compensated Employee. A “Highly Compensated Employee” means any present or former employee who: 

 

	 	(a)	was a 5% owner of an Employer during the current or immediately preceding Plan Year; or 

 

	 	(b)	received annual compensation from an Employer of more than $115,000 (or such other amount as may be adjusted for cost-of-living increases under Code
Section 414(q)(1)(B) or any successor provision thereto) during the immediately preceding Plan Year and, if the Plan Administrator elects for such year, was in the top-paid 20% of the Employees for such year. 

For purposes of the foregoing, an Employee’s compensation means his or her total compensation for services rendered to the Employer as an Employee,
determined in accordance with Section 415(c)(3) of the Code, but including pre-tax deferrals or payments made pursuant to Sections 125 and 402(e)(3) of the Code, and, effective as of January 1, 2001, including any such deferrals or
payments made pursuant to Code Section 132(f). 
 2.21 Hour of Service. “Hour of Service” shall mean each
hour for which an individual is paid, or entitled to payment, for any reason by the Affiliated Group or for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Affiliated Group. In any event, the
determination of the meaning of “Hour of Service” shall always be made in accordance with Department of Labor Regulation Section 2530.200b-2 or any successor provision thereof. 

2.22 Inactive Participant. “Inactive Participant” shall have the meaning set forth in Section 3.03. 

  
 7 

 2.23 Internal Revenue Code and ERISA. “Internal Revenue Code,” or
“Code,” and “ERISA” mean, respectively, the Internal Revenue Code of 1986, as amended, and the Employee Retirement Income Security Act of 1974, as amended. Any reference to a Section of the Internal Revenue Code or of ERISA shall
include any comparable Section or Sections of any current or future legislation, regulation (including, to the extent relied upon by the Plan Administrator, any temporary or proposed regulations) or issuance that amends, interprets, supplements or
supersedes that Section. 
 2.24 Investment Committee. “Investment Committee” shall mean the committee
described in Section 10.04. 
 2.25 Participant. “Participant” shall mean each Eligible Employee who
satisfies the requirements of Sections 3.01 (or as otherwise indicated under Section 3.03). 
 2.26 Plan
Administrator. “Plan Administrator” means the Company. 
 2.27 Plan Year. “Plan Year” means the
12 month period beginning on January 1st and ending on the following December 31st. 
 2.28 Qualified Military
Service. “Qualified Military Service” has the meaning set forth in Section 414(u) of the Code. Notwithstanding any provision of this Plan to the contrary and effective with respect to reemployment occurring on or after
December 12, 1994, contributions, benefits and service credit with respect to Qualified Military Service will be provided in accordance with Section 414(u) of the Code and the mandatory provisions of the Heroes Earnings Assistance and
Relief Tax Act of 2008 as of the effective dates specified for such provisions in that act. Loan repayments will be suspended under this Plan during such service as permitted under Section 414(u) of the Code. 

2.29 Qualified Reservist Distributions. “Qualified Reservist Distribution” has the meaning set forth in
Section 72(t) of the Code. Qualified Reservist Distributions will be permitted in accordance with Section 72(t) of the Code. A Participant taking a qualified reservist distribution will be permitted to repay the Plan any portion of that
qualified reservist distribution during the two-year period following the end of the Participant’s military leave. 
 2.30
Rollover Contributions. “Rollover Contributions” means the amount, if any, contributed to a Participant’s Account pursuant to Section 4.07 of the Plan. 

  
 8 

 2.31 Spouse. “Spouse” or “spousal,” whether capitalized or not,
means a legally-married person who is the opposite sex of a Participant, consistent with applicable federal law, including, but not limited to, the Defense of Marriage Act. 
 2.32 Stock Fund Fiduciary. “Stock Fund Fiduciary” shall mean that entity appointed by the Investment Committee to serve as the independent fiduciary and investment manager of the General
Dynamics Stock Fund. 
 2.33 Valuation Date. “Valuation Date” means each day the New York Stock Exchange is
open for business and Participants’ Accounts are adjusted under the Plan. 
 2.34 Vested Account. “Vested
Account” means that portion of a Participant’s Account in which he is 100% vested. 
 ARTICLE III 

PARTICIPATION 
 3.01 Eligibility and Commencement of Participation. Subject to the conditions and limitations of the Plan, each Eligible Employee who was a Participant in the Plan immediately before
January 1, 2007 shall continue to participate in this Plan as of such date. Beginning on January 1, 2007, each other Eligible Employee may elect to participate in the Plan on his or her first day of employment as an Eligible Employee or on
January 1, 2007, whichever is later, by complying with enrollment procedures and authorizing a deferral of Deferral Pay at such time and in such manner as the Company may prescribe. Each Eligible Employee prior to July 1, 2006, shall
become a Participant in the Plan as soon as administratively feasible after electing enrollment and complying with enrollment procedures. Each other Eligible Employee who is hired on or after July 1, 2006 or whose eligibility for the Plan
results from a transfer from another Company Code Section 401(k) plan (determined by the Plan Administrator) in which he or she did not participate immediately before such transfer is immediately eligible to participate and shall automatically
become a Participant thirty days after the Plan Administrator is notified of such employee’s first day of employment with the Company or transferred eligibility by reason of the automatic deferral described in Section 4.01 of the Plan,
unless other elections to either enroll sooner, change the deferral percentage from that described in Section 4.01 of the Plan, or opt out are made by such thirtieth day. The Plan Administrator will furnish each Participant and each beneficiary
receiving benefits thereunder with a copy of a summary plan description. 
 3.02 Active Participation. A Participant who
is eligible to make 401(k) Contributions (regardless of whether such contributions are actually made) or whose right to do so has been temporarily 

  
 9 

 
suspended for any reason, and who has an Account balance under the Plan, is an Active Participant and is eligible to receive contributions under Article V. Each Participant shall participate
in the Plan under the terms and conditions of the Supplement applicable to that Participant’s current Employing Unit. 

3.03 Inactive Participation. A Participant shall be an Inactive Participant when he is no longer an Eligible Employee but
maintains an Account balance. An Inactive Participant is not eligible to make a 401(k) Contributions election, nor may he receive contributions under Article V, but he may continue to make investment transfer and distribution decisions, as
provided for by the Plan. Where the context permits, Inactive Participants and Active Participants are referred to collectively as “Participants.” 
 3.04 Limited Participation by Beneficiary or Alternate Payee. If a Participant dies before his or her Account balance is reduced to zero, his or her Beneficiary shall be deemed a Participant for
the limited and exclusive purposes of administering the deceased Participant’s Account and distributing the same. Any “Alternate Payee” identified in a Qualified Domestic Relations Order (as defined by Section 414(p) of the Code)
shall be deemed a Participant for the limited and exclusive purposes of administering the Alternate Payee’s interest in the Plan and distributing the same. 
 3.05 Termination of Participation. An individual who has become a Participant shall remain an Active Participant or an Inactive Participant, as appropriate, until he or she dies or his or her
Account balance is reduced to zero. 
 3.06 Transfer of Employment. Any change in employment status which causes a
Participant who remains employed by the Affiliated Group to cease to be an Eligible Employee shall not be considered to be a termination of employment for purposes of Section 7.02(e), but such Participant shall cease to be an Active Participant
and shall become an Inactive Participant. Any transfer from one Affiliated Group Member to another will not be treated as a termination of employment for purposes of Section 7.02(e) of this Plan. In the event of any such transfers between
Affiliated Group Members with different Supplements in the Plan or any such transfer between the Plan and the General Dynamics Corporation 401(k) Plan 3.0, the General Dynamics Corporation 401(k) Plan 4.5 or the General Dynamics Corporation 401(k)
Plan 5.0, such Participant and his or her Contributions, prospectively from the date of any such transfer, will cease to be governed by his or her prior Supplement and will be governed by the terms of his or her new Supplement in the Plan or in the
General Dynamics Corporation 401(k) Plan 3.0, the General Dynamics Corporation 401(k) Plan 4.5 or the General Dynamics Corporation 401(k) Plan 5.0 in the event such Participant contributes to any such plan. In the event of any such transfers between
Affiliated Group Members with different Supplements within the Plan, any contribution and investment elections under the prior Supplement will apply in the new Supplement until changed by the Participant if the applicable contribution rate
structures and investment options, both 

  
 10 

 
before and after any such transfer, are the same. The preceding sentences shall not affect or otherwise eliminate the restrictions of Section 6.03 of the Plan to balances held within the
Plan. 
 3.07 Leased Employees. A “leased employee” shall not be eligible to participate in the Plan.
Consistent with Code Section 414(n), a “leased employee” means any person who has provided services for an Employing Unit under primary direction of or control by the Employing Unit, on a substantially full time basis for a period of
at least one year, pursuant to an agreement between the Employing Unit and a leasing organization. The period during which a leased employee performs services for the Employing Unit shall be taken into account for purposes of participation or
service if such leased employee becomes an Eligible Employee, unless (i) such leased employee is a participant in a money purchase pension plan maintained by the leasing organization which provides a non-integrated employer contribution rate of
at least 10 percent of compensation, immediate participation for all employees and full and immediate vesting, and (ii) leased employees do not constitute more than 20 percent of the Employing Unit’s non-highly compensated workforce.

 ARTICLE IV 
 PARTICIPANT CONTRIBUTIONS 
 4.01 401(k) Contributions.
Subject to the limitations of this Article IV and the remainder of the Plan, a Participant may elect to make 401(k) Contributions, under the Plan for any Plan Year, beginning with the Plan Year in which he or she becomes a Participant, as provided
for in the applicable Supplement. Subject to the limits of this Article IV and the remainder of the Plan, each Eligible Employee who becomes a Participant in the Plan pursuant to the automatic enrollment provisions of Section 3.01 of the Plan
shall automatically have 3% (or such other percentage determined by the Plan Administrator) of his or her Deferral Pay contributed on a before-tax basis to the Plan as soon as administratively possible after the Plan Administrator is notified of
such individual’s first day of employment with the Employer, unless an election to the contrary is made within thirty days. In accordance with any rules established by the Plan Administrator, such Participant may subsequently change such
deferral percentage in accordance with any applicable Supplement. Each election made by a Participant under this Section 4.01 must be made at such time and in such manner as the Plan Administrator shall determine. 

Subject to the limits of Article IV, and effective as of the date determined by the Plan Administrator, the Plan Administrator may establish a
contribution escalator in which case a Participant may elect to have his or her deferral rate automatically increased on an annual basis in accordance with any rules established and communicated by the Plan Administrator. 

4.02 Payment of Participant Contributions. A Participant’s 401(k) Contributions shall be made by the Employing Unit on behalf
of the Participant, and shall reduce the Participant’s compensation at the time of payment of such compensation. Amounts so deducted (or amounts by which a Participant’s compensation has been so reduced) for any calendar month shall be
paid to the Trustee as soon as practicable 

  
 11 

 
thereafter, but in any event no later than the 15th business day of the next following month, subject to permissible extensions. 

4.03 After-Tax Contributions. After-Tax Contributions shall be permitted under the Plan, but only as set forth in the applicable
Supplement. 
 4.04 Variation, Discontinuance and Resumption of Participant Contributions. A Participant may elect to
change his or her Deferral Percentage (but not retroactively) within the limits specified in this Article IV, to discontinue contributions or to resume contributions. Each such election by a Participant shall be made at such time and in such manner
as the Plan Administrator shall determine, and shall be effective only in accordance with such rules as shall be established from time to time by the Plan Administrator. 
 4.05 Maximum Amount of Participant Contributions. In no event shall the amount of 401(k) Contributions (not including Rollover Contributions) by a Participant for any calendar year exceed $17,500
(or such other amount as may be determined under Code Section 402(g) for that calendar year). If, because of the foregoing limitation, a portion of the contributions made by a Participant may not be credited to his or her Account for a calendar
year, such portion and the earnings thereon (including earnings for the period between the last day of the Plan Year and the date of distribution (the “gap period”)) shall be distributed to the Participant by April 15 of the following
calendar year (subject to permissible extensions). Effective for Plan Years beginning on or after January 1, 2008, the earnings distributed to Participants pursuant to the preceding sentence shall not include earnings for the gap period.

 4.06 Limitation on Participant Compensation Deferral Contributions. Notwithstanding the foregoing provisions of this
Article IV, in no event shall the average deferral percentage (“ADP,” as defined below) for any Plan Year of the Highly Compensated Employees who are Plan Participants exceed the greater of: 

 

	 	(a)	the ADP of all other Participants for the current Plan Year multiplied by 1.25; or 

 

	 	(b)	the ADP respectively, of all other Participants for the current Plan Year multiplied by 2.0; provided that the ADP of such Highly Compensated Participants does not
exceed that of all other Participants for the current Plan Year by more than 2 percentage points. 

 The ADP of a group of
Participants for a Plan Year means the average of the actual deferral ratios (determined separately for each Participant in such group) of such group of Participants, where the actual deferral ratio for a Participant means the ratio of: (i) the
401(k) Contributions made by such Participant for such Plan Year (and, at the election of the Company, any 401(k) Contributions to the extent not necessary for ACP testing purposes, any Employer Matching

  
 12 

 
Contributions to the extent not necessary for ACP testing purposes, or any qualified nonelective contributions (“QNECs”) or qualified matching contributions (“QMACs”) made to
the Plan on behalf of the Participant); to (ii) the Participant’s compensation, determined in accordance with Section 414(s) of the Code, for such Plan Year. For purposes of the ADP calculation under this Section 4.06, a
Participant means any employee who is eligible to make 401(k) Contributions under the Plan. Pursuant to Treasury Regulation Section 1.401(k)-2(a)(6)(iv), QNECs cannot be taken into account for a Plan Year for a non-Highly Compensated Employee
to the extent such contributions exceed the product of that non-Highly Compensated Employee’s compensation and the greater of 5% and 2 times the plan’s representative contribution rate. Pursuant to Treasury Regulation
Section 1.401(k)-2(a)(6)(v) (incorporating Treasury Regulation Section 1.401(m)-2(a)(5)(ii)), QMACs cannot be taken into account for a non-Highly Compensated Employee to the extent the QMAC exceeds the greatest of (1) 5% of
compensation, (2) the employee’s elective deferrals for a year, and (3) the product of 2 times the plan’s representative matching rate and the employee’s elective deferrals for a year. 

The 401(k) Contributions made by the Highly Compensated Employees will be reduced to the extent necessary to meet the requirements of this
Section 4.06. The reductions will occur in the following manner (and in accordance with guidance set out by the Internal Revenue Service (the “IRS”), including Notice 97-2): 

 

	 	(c)	The actual deferral ratio of the Highly Compensated Employee with the highest actual deferral ratio is reduced such that the actual deferral ratio is equal the actual
deferral ratio of the Highly Compensated Employee with the next highest actual deferral ratio, provided, if applicable, that the reduction of the actual deferral ratio will be no more than is necessary to satisfy the ADP test indicated above.

  

	 	(d)	The process of step (c) is repeated until the ADP test indicated above is satisfied. The total amount of excess 401(k) Contributions is equal to the sum of these
hypothetical reductions multiplied, in each case, by the Highly Compensated Employee’s compensation (as determined above). 

  

	 	(e)	The 401(k) Contributions of the Highly Compensated Employee with the highest dollar amount of 401(k) Contributions are reduced by the amount required to cause that
Highly Compensated Employee’s 401(k) Contributions to equal the dollar amount of the 401(k) Contributions of the Highly Compensated Employee with the next highest dollar amount of 401(k) Contributions. This amount is then distributed as
provided below to the applicable Highly Compensated Employee. However, if a lesser reduction, when added to the total dollar amount already distributed under this step, would equal the total excess 401(k) Contributions determined under step (d), the
lesser reduction amount is distributed. 

  

	 	(f)	If the total amount distributed in accordance with step (e) is less than the total excess 401(k) Contributions determined under step (d), step (e) is then
repeated. 

  
 13 

 If, because of the foregoing limitations, a portion of the 401(k) Contributions (and
any applicable Employer Matching Contributions thereon) made by a Highly Compensated Employee may not be credited to his or her Account for a Plan Year, such portion of the 401(k) Contributions (and the earnings thereon) shall be distributed to such
Participant (or where applicable, permitted by law and approved by the Company, placed in a non-qualified supplemental benefit plan), if administratively feasible, within 2 1/2 months after the end of that Plan Year, but in no event later than the last day of the next following Plan Year. Any such portion of Employer Matching Contributions attributable to the aforementioned
distributed 401(k) Contributions shall be forfeited. In order to comply with this Section 4.06, at its discretion, the Plan Administrator may impose, from time to time, a maximum deferral percentage that each Highly Compensated Employee may
elect to defer as his or her 401(k) Contribution. 
 To the extent that the Plan is aggregated with other plans for purposes of Code
Sections 401(a)(4) or 410(b) (other than Code Section 410(b)(2)(A)(ii)), for purposes of determining whether the Plan satisfies the above ADP test, all elective contributions made under the Plan and such other plans shall be treated as being
made under a single plan. If the Plan is permissively aggregated with other plans for purposes of Code Section 401(k), the aggregated plans must also satisfy Code Sections 401(a)(4) and 410(b) as though they were a single plan. For purposes of
the above ADP test, the actual deferral ratio of a Highly Compensated Employee will be determined by treating all cash and deferred arrangements under which the Highly Compensated Employee is eligible (other than those that may not be permissively
aggregated) as a single arrangement. 
 The provisions herein relating to the ADP test shall be administered in accordance with Code
Section 401(k) and the applicable regulations and guidance thereunder. 
 4.07 Rollover Contributions. At the
direction of the Plan Administrator, and in accordance with such rules as the Plan Administrator may establish from time to time, rollovers described in Section 402(c) of the Code, rollover contributions described in Section 408(d)(3) of
the Code and benefits of an Employee under another plan that meets the requirements of Section 401(a) of the Code may be received by the Trustee in cash only, and will be credited to an Account established in the name of the Employee (provided
he is eligible to be an Active Participant under this Plan). 
 Additionally, at the direction of the Plan Administrator and in accordance with
such rules as the Plan Administrator may establish from time to time, the Plan will accept only in cash on behalf of an Active Participant: 
  

	 	(a)	 a direct rollover of an eligible rollover distribution from: (i) another plan that meets the requirements of Sections 401(a) or 403(a) of the Code
(excluding after-tax employee contributions, unless (if permitted by the Plan Administrator) such contributions are separately accounted for and relate to corporate acquisitions or the integration of acquired plans’ assets into the Plan); or
(ii) an annuity contract described in Section 403(b) of the Code (excluding after-tax employee contributions); or (iii) an eligible plan under Section 457 of the Code which is maintained by a state, political

  
 14 

	 	
subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state; 

 

	 	(b)	a Participant contribution of an eligible rollover distribution from: (i) another plan that meets the requirements of Sections 401(a) or 403(a) of the Code
(excluding after-tax employee contributions, unless (if permitted by the Plan Administrator) such contributions are separately accounted for and relate to corporate acquisitions or the integration of acquired plans’ assets into the Plan); or
(ii) an annuity contract described in Section 403(b) of the Code (excluding after-tax employee contributions); or (iii) an eligible plan under Section 457 of the Code which is maintained by a state, political subdivision of a
state, or an agency or instrumentality of a state or political subdivision of a state; and 

  

	 	(c)	a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or 408(b) of the
Code that is eligible to be rolled over and would otherwise be includible in gross income. 

 Any amounts received by the Trustee
for a Participant in accordance with any of the preceding provisions shall be adjusted from time to time in accordance with Article IX of the Plan and shall be fully vested in the Employee for whom it is held under the Plan. 

4.08 Vesting. A Participant shall always be 100% vested in the amounts (including earnings) attributable to any 401(k)
Contributions, After-Tax Contributions, Rollover Contributions and catch-up contributions described in Section 4.09. See Article VII for vesting rules affecting other types of Contributions. 

4.09 Catch-up Contributions. In accordance with, and subject to the limitations of, Section 414(v) of the Code, all Employees
who are eligible to make elective deferrals under the Plan and who have attained age 50 before the close of the Plan Year shall be eligible to make catch-up contributions. For purposes of the preceding sentence, an Employee who is projected to
attain age 50 before the end of a Plan Year shall be deemed to be age 50 as of January 1 of such year. Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the requirements of
Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b) or 416 of the Code, as applicable, by reason of the making of such catch-up contributions. Furthermore, the election to make such catch-up contributions shall be made in accordance with such rules
as determined by the Plan Administrator and, at the discretion of the Plan Administrator, may be made separately from all other contribution elections under the Plan. Unless otherwise provided by the Plan Administrator, such catch-up contributions
shall not be eligible for Employer Contributions under Section 5.01 hereof. 
 4.10 Roth Elective Deferrals.

  
 15 

	 	(a)	General Application. This Section 4.10 will apply to contributions beginning on or after January 1, 2009, as specifically set forth in an applicable
Supplement. As of such date set forth in an applicable Supplement, the Plan will accept Roth elective deferrals made on behalf of Participants and Roth rollover contributions. A Participant’s Roth elective deferrals and Roth rollover
contributions will be allocated to separate accounts maintained for such funds as described in subsection (b). Unless specifically stated otherwise, Roth elective deferrals will be treated as elective deferrals (i.e., 401(k) Contributions) for all
purposes under the Plan in accordance with applicable law and as required by the context of the Plan. Additionally, Roth elective deferrals shall not be made under any automatic enrollment provisions of the Plan. 

In all cases and notwithstanding anything to the contrary, Employer Matching Contributions will be applied to 401(k) Contributions first,
then Roth elective deferrals (if applicable) and then After-Tax Contributions (if applicable). Catch-up contributions attributable to Roth elective deferrals will not be eligible for Employer Matching Contributions. 

 

	 	(b)	Separate Accounting. Contributions and withdrawals of Roth elective deferrals and rollovers (collectively, “Roth contributions”) will be credited and debited
to the Roth Accounts (i.e., Roth employee account and Roth rollover account) maintained for each Participant. The Plan will maintain a record of the amount of Roth contributions in each Participant’s Account. Gains, losses, and other credits or
charges must be separately allocated on a reasonable and consistent basis to each Participant’s Roth Accounts and the Participant’s other Accounts under the Plan. No contributions other than Roth elective deferrals and properly
attributable earnings will be credited to each Participant’s Roth elective deferral Account. Solely with respect to the order in which Accounts may be accessed and subject to any other restrictions contained in the Plan regarding the
availability of funds for certain purposes, the depletion order of Accounts for any applicable (as determined by the Plan Administrator) purposes under the Plan shall be in accordance with rules established by the Plan Administrator from time to
time. In furtherance of the foregoing, Roth contributions can be depleted separately from other contribution sources. Roth contributions, earnings, distributions and withdrawals will be taxed in accordance with applicable law.

  

	 	(c)	Vesting. Participants shall be 100% vested in all Roth contributions and earnings thereon, while the vesting provisions of each applicable Supplement shall apply to the
Employer Contributions made with respect to Roth elective deferrals. 

  
 16 

	 	(d)	Direct Rollovers. Notwithstanding anything to the contrary, a direct rollover of a distribution from a Roth elective deferral Account under the Plan will only be made
to another Roth elective deferral account under an applicable retirement plan described in Section 402A(e)(1) of the Code or to a Roth IRA described in Section 408A of the Code, and only to the extent the rollover is permitted under the
rules of Section 402(c) of the Code. Notwithstanding Section 4.07, the Plan will accept a rollover contribution to a Roth elective deferral Account only if it is a direct rollover from another Roth elective deferral account under an
applicable retirement plan described in Section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code. Notwithstanding Section 4.07 of the Plan, the Plan will not accept
rollovers from a Roth IRA. 

  

	 	(e)	Correction of Excess Contributions. In the case of a distribution of excess contributions for a Highly Compensated Employee, the Plan Administrator will determine the
extent to which the excess amount is composed of pre-tax elective deferrals and/or Roth elective deferrals but only to the extent such types of deferrals were made for the year. 

 

	 	(f)	Definition. A Roth elective deferral is an elective deferral that is: 

  

	 	(i)	designated irrevocably by the Participant at the time of the cash or deferred election as a Roth elective deferral that is being made in lieu of all or a portion of the
pre-tax elective deferrals the Participant is otherwise eligible to make under the Plan; and 

  

	 	(ii)	treated by the Company as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not
made a cash or deferred election. 

  

	 	(g)	In-Plan Roth Rollovers. In accordance with Code Section 402A(c)(4) and any regulatory guidance thereunder, an eligible rollover distribution made after
December 1, 2010, from the Account of an Active Participant (or a surviving spouse Beneficiary or an alternate payee that is a spouse or former spouse) under the Plan other than a designated Roth Account may be transferred to the Active
Participant’s designated Roth Account (or the designated Roth Account of a surviving spouse Beneficiary or an alternate payee that is a spouse or former spouse) under the Plan (but only with respect to those Participants that are allowed to
make Roth Contributions pursuant to an applicable Supplement). The Plan will maintain such records as are necessary for the proper reporting of in-plan Roth rollovers. 

  
 17 

 ARTICLE V 
 EMPLOYER CONTRIBUTIONS 
 5.01 Employer Matching
Contributions. The Company shall make an “Employer Matching Contribution” to the Trustee equal to a percentage of the aggregate 401(k) Contributions made by Participants during such month pursuant to Section 4.01, but reduced by
the amount of forfeitures, if any, allocable pursuant to Section 7.03. The percentage (if any) of such Employer Matching Contributions shall be determined pursuant to the applicable Supplement set forth at the end of this Plan. Employer
Contributions may be made in cash or such other property as may be determined by the Company, and shall be invested in accordance with Article VI. Notwithstanding the foregoing, no Employer Contributions shall be made in Company Stock during a
period commencing with the public announcement of an offer for acquisition of the common stock of the Company (ending at the expiration of the offer period), as described in Article VI. 
 The Company may make additional Employer Matching Contributions to the Accounts of Participants in accordance with such nondiscriminatory rules as it may establish and communicate from time to time so
that certain Participants are able to benefit from Employer Matching Contributions throughout any particular Plan Year, provided that such additional contributions do not exceed the amount that such Participants would have received had their
contributions been made throughout the duration of any particular Plan Year. 
 5.02 Employer Discretionary Contribution.
For each Plan Year, the Company, in its discretion, may specify (a) an aggregate discretionary contribution to be made under the Plan for that year and (b) a definite basis or formula by which such aggregate discretionary contribution can
be determined within a reasonable time after the end of that Plan Year, or (c) any other type of Company contribution that is not necessarily based on the achievement or existence of any profits or actual 401(k) Contributions applicable for and
described in any one or more Supplements. Any of the foregoing shall be known as an “Employer Discretionary Contribution.” In the event Employer Discretionary Contributions are made for any Plan Year, the Company, as specified in a
Supplement, shall contribute to the Trustee amounts determined by it which shall be allocated to the Accounts of Participants eligible for such contributions in accordance with the applicable Supplement. In addition to the foregoing, the Company
shall be permitted to make such contributions on any basis determined by the Company that will permit passage of any discrimination or other testing. Notwithstanding the foregoing, the ESOP component of the Plan will not be used to satisfy the
requirements of IRC § 401(a)(4) by using cross-testing. 
 5.03 Limitations on Employer Contributions. The
Company’s total contribution for a Plan Year is conditioned on its deductibility under Section 404 of the Code in that year, shall comply with the contribution limitations set forth in Section 9.09 and the allocation limitations
contained in Section 9.11, and shall not exceed an amount equal to the maximum amount deductible on account thereof by the Company for that year for purposes of federal taxes on income. 

  
 18 

 5.04 Payment of Employer Contributions. The Company’s total contribution under
the Plan for any Plan Year shall be paid without interest, not later than the time prescribed by law for filing the Company’s federal income tax return for such year, including extensions thereof. 

5.05 Verification of Employer Contributions. If for any reason the Company decides to verify the correctness of any amount or
calculation relating to its contribution for any Plan Year, the certificate of an independent accountant selected by the Company as to the correctness of any such amount or calculation shall be conclusive on all persons. 

5.06 No Interest in Employers. The Company shall have no right, title or interest in the Trust Fund, nor shall any part of the
Trust Fund revert or be repaid to the Company, directly or indirectly, unless: 
  

	 	(a)	the Internal Revenue Service initially determines that the Plan, as applied to the Company, does not meet the requirements of Section 401(a) of the Code, in which
event the contributions made to the Plan by the Company shall be returned to it within one year after such adverse determination; 

  

	 	(b)	a contribution is made by the Company by mistake of fact and such contribution is returned to the Company within one year after payment to the Trustee; or

  

	 	(c)	a contribution conditioned on the deductibility thereof is disallowed as an expense for federal income tax purposes and such contribution (to the extent disallowed) is
returned to the Company within one year after the disallowance of the deduction. 

 Contributions may be returned to the Company
pursuant to paragraph (a) above only if they are conditioned upon initial qualification of the Plan, and an application for determination was made by the time prescribed by law for filing the Company’s federal income tax return for the
taxable year in which the Plan was adopted (or such other date as the Secretary of the Treasury may prescribe). The amount of any contribution that may be returned to the Company pursuant to paragraph (b) or (c) above must be reduced by
any portion thereof previously distributed from the Trust Fund and by any losses of the Trust Fund allocable thereto, and in no event may the return of such contribution cause any Participant’s Account balances to be less than the amount of
such balances had the contribution not been made under the Plan. 
 ARTICLE VI 

INVESTMENT OF CONTRIBUTIONS 
 6.01 The Investment Funds. 

  
 19 

 
The Trust Fund as of any date shall consist of all property of every kind then held by the Trustee on behalf of the Plan. The Trust Fund shall consist of such investment funds as the Investment
Committee shall determine from time to time, except that the Trust Fund shall maintain a Company Stock fund (the “General Dynamics Stock Fund”), subject to the terms of Section 6.11 below. The purpose of the General Dynamics Stock
Fund is to enable Plan participants to indirectly invest in Company Stock through the Plan. 
 Effective as of June 1, 2006, a portion of
the General Dynamics Stock Fund shall be an ESOP, as described in the following paragraph. The Trustee’s purchase of Company Stock for the General Dynamics Stock Fund shall be made in accordance with this Section and Section 6.05
below. Pending investment, reinvestment or distribution as provided in the Plan, the Trustee may temporarily retain the assets of any one or more of the investment funds in cash, commercial paper, short-term obligation, or undivided interests or
participation in common or collective short-term investment funds. Any investment fund may be partially or entirely invested in any common or commingled fund or in any group annuity, deposit administration or separate account contract issued by a
legal reserve life insurance company which is invested generally in property of the kind specified for the investment fund. The Investment Committee, in its discretion, may direct the Trustee to establish such investment funds or, subject to the
requirement to maintain the General Dynamics Stock Fund, to terminate any of the investment funds as it shall from time to time consider appropriate and in the best interests of the Participants. Subject to the requirement to maintain the General
Dynamics Stock Fund, the Investment Committee may change the types of investment funds offered, may add, freeze or delete any particular investment fund, and may map investments between investment funds (or from investment funds of merged plans into
investment funds of the Plan). The decision to invest in any particular investment fund offered under the Plan, however, is the sole responsibility of each Participant (or Beneficiary, as the case may be). The Trustee, the Plan Administrator, the
Investment Committee, the Company or any Employer, or any of its directors, officers, employees or agents are not empowered to advise a Participant (or Beneficiary) as to the manner in which his Account shall be invested. The fact that a security is
available to Participants (or Beneficiaries) for investment under the Plan shall not be construed as a recommendation for the purchase of that security, nor shall the designation of any option impose any liability on the Company or any Employer, or
any of its directors, officers, employees or agents, the Trustee, the Investment Committee or the Plan Administrator. The funds established hereunder may be referred to collectively as the “investment funds” and individually as an
“investment fund.” 
 The General Dynamics Stock Fund shall be an ESOP to the extent the dividend election of Section 8.14 is
available to contributions made to the General Dynamics Stock Fund. All contributions are eligible for the General Dynamics Stock Fund, except that any benefits or contributions that are integrated with Social Security will not be a part of the
ESOP and will not be eligible for the election described in Section 8.14. Notwithstanding anything to the contrary, all non-ESOP contributions to the General Dynamics Stock Fund shall be deemed “non-ESOP” for all average deferral
percentage testing and all aggregate contribution percentage testing purposes under the Plan. 
 6.02 Investment Fund
Elections. 

  
 20 

 
The Plan is intended to constitute a plan described in Section 404(c) of ERISA. A Participant may elect to invest all or a portion of his or her own contributions in his or her Account and,
where permitted, the Employer Contributions made on his or her behalf in one or more of the Plan’s investment funds. Investment elections must be made in whole percentages, shall be made at such time and in such manner as the Plan Administrator
shall determine, and shall be subject to any rules, restrictions and limitations established by the Plan Administrator. If a Participant fails to make an election under this Section 6.02, with respect to his or her contributions (including all
automatic deferrals described in Section 4.01 of the Plan) and his or her share of the Employer Contributions, such Participant shall be deemed to have elected to have any such contributions invested in the applicable default investment fund as
shall be designated by the Investment Committee and communicated to Participants from time to time by the Plan Administrator in accordance with applicable law. The Plan Administrator shall establish rules to permit investment fund elections
consistent with Code Section 401(a)(28) and any related Treasury regulations thereunder for ESOP diversification purposes under the Plan. 

Unless otherwise provided in Section 8.14, dividends paid on investments held in the General Dynamics Stock Fund shall be reinvested in that
investment fund. 
 6.03 Diversification. Notwithstanding anything to the contrary that may be contained in any
Supplement, the provisions of this Article VI are intended to satisfy Code Section 401(a)(28) and the Pension Protection Act of 2006 (including, but not limited to, Code Section 401(a)(35) and the Treasury regulations promulgated
thereunder) by permitting immediate diversification for all units in the General Dynamics Stock Fund acquired by the Account of a Participant. 
 6.04 Investment Fund Transfers. Subject to any administrative rules established by the Plan Administrator, Participant may elect that all or a part of his or her interest in an investment fund
shall be liquidated and the proceeds thereof transferred to one or more of the other investment funds. Each such election may be made in either whole percentages or on a dollar specific basis. Transfers may be made at such time and in such manner as
the Plan Administrator shall determine, and shall be subject to any rules, restrictions and limitations established by the Plan Administrator, including, but not limited to, restrictions on and resulting penalties for excessive trading. 

6.05 Purchase of Company Stock. As soon as practicable after receipt of contributions applicable thereto, the Trustee shall
regularly purchase Company Stock from time to time in the open market in accordance with a non-discretionary purchasing program, or shall purchase authorized but unissued Company Stock from General Dynamics Corporation or Company Stock held in the
treasury of General Dynamics Corporation. In the event that authorized but unissued or treasury Company Stock is purchased by the Trustee, the price per share shall be the average closing market price of the Company Stock on the New York Stock
Exchange over the five most recent days prior to such purchase on which at least one sale took place. Company Stock will be held in 

  
 21 

 
the name of the Trustee or its nominees for the account of the Participants or Inactive Participants until distributed, and the Trustee shall in its discretion exercise or sell any rights for the
purchase of any additional shares of Company Stock or other securities which General Dynamics Corporation may offer to its shareholders, except as described in Section 6.06 below. 

6.06 Voting of Company Stock. When the Company prepares for any annual or special meeting, the Company shall notify the Trustee
and the Stock Fund Fiduciary at least thirty (30) days in advance of the intended record date and shall cause a copy of all proxy solicitation materials to be sent to the Trustee and the Stock Fund Fiduciary. If requested by either the Trustee
or the Stock Fund Fiduciary, the Company shall certify to the requesting party that the aforementioned materials represent the same information distributed to shareholders of Company Stock. Based on these materials, the Trustee and the Stock Fund
Fiduciary shall prepare (or cause to be prepared) a voting instruction form and shall provide a copy of all proxy solicitation materials to be sent to each Participant with an interest in the General Dynamics Stock Fund held in the Trust Fund,
together with the foregoing voting instruction form to be returned to the Trustee or its designee. The form shall show the number of full and fractional shares of Company Stock credited to the Participant’s Account. 

Each Participant (or Beneficiary in the event of the death of the Participant, or a representative properly designated by that Participant, or the
Participant’s legal guardian) is, for purposes of this Section 6.06, hereby designated a “named fiduciary” within the meaning of Section 402(a)(2) of ERISA, with respect to Company Stock allocated to his Account, and shall
have the right to direct the Trustee as to the manner in which the Trustee is to vote (including not to vote) that number of shares of Company Stock credited to his Account (both vested and unvested). Directions from a Participant to the Trustee
concerning the voting of Company Stock shall be communicated in writing, or by such other means as agreed upon by the Trustee, the Stock Fund Fiduciary and the Company. These directions shall be held in confidence by the Trustee and the Stock Fund
Fiduciary and shall not be divulged to the Company, or any officer or employee thereof, or any other person except to the extent that the aggregate consequences of such directions are reflected in reports regularly communicated to any such person in
the ordinary course of the performance of the Trustee’s services under the Trust Fund agreement. Upon its receipt of the directions, the Trustee shall vote the shares of Company Stock as directed by the Participant unless otherwise directed by
the Stock Fund Fiduciary. Any share held by Trustee as to which it receives no voting instructions shall be voted by Trustee at the direction of the Stock Fund Fiduciary, and if no direction is provided, the Trustee shall not vote such shares.

 The Trustee shall vote that number of shares of Company Stock not credited to Participants’ Accounts in a manner as directed by the
Stock Fund Fiduciary and if no direction is provided, the Trustee shall not vote such shares. 
 6.07 Tender Offers.

 . 

  
 22 

	 	(a)	Upon commencement of a tender offer for any Company Stock securities held in the General Dynamics Stock Fund in the Trust Fund, the Company shall timely notify the
Trustee and the Stock Fund Fiduciary in advance of the intended tender date and shall cause a copy of all materials to be sent to the Trustee and the Stock Fund Fiduciary. The Company shall certify to the Trustee and the Stock Fund Fiduciary that
the aforementioned materials represent the same information distributed to shareholders of Company Stock. Based on these materials and after consultation with the Company, the Trustee and the Stock Fund Fiduciary shall prepare (or cause to be
prepared) a tender instruction form and shall provide a copy of all tender materials to be sent to each Participant with an interest in the General Dynamics Stock Fund, together with the foregoing tender instruction form, to be returned to the
Trustee or its designee. The tender instruction form shall show the number of full and fractional shares of Company Stock credited to each Participant’s Account (both vested and unvested). 

 

	 	(b)	Each Participant, or Beneficiary in the event of the death of the Participant, or a representative properly designated by that Participant or the Participant’s
legal guardian (to the extent consistent with the terms of an Offer), as “named fiduciary” within the meaning of Section 402(a)(2) of ERISA with respect to an interest in the General Dynamics Stock Fund, shall have the right to direct
the Trustee to tender or not to tender some or all of the shares of Company Stock credited to the Participant’s Account (both vested and unvested). Directions from a Participant to the Trustee concerning the tender of Company Stock shall be
communicated in writing, or such other means as is agreed upon by the Trustee and the Company. These directions shall be held in confidence by the Trustee and the Stock Fund Fiduciary (as applicable) and shall not be divulged to the Company, or any
officer or employee thereof, or any other person except to the extent that the aggregate consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of the performance of the
Trustee’s services under the Trust Fund agreement. The Trustee shall tender or not tender shares of Company Stock as directed by the Participant unless otherwise directed by the Stock Fund Fiduciary. The Trustee shall not tender shares of
Company Stock credited to a Participant’s Account for which it has received no directions from the Participant unless otherwise directed by the Stock Fund Fiduciary. 

 

	 	(c)	Except as otherwise required by applicable law, the Trustee shall tender that number of shares of Company Stock not credited to Participants’ Accounts in a manner
as directed by the Stock Fund Fiduciary and if no direction is provided, the Trustee shall not tender such shares. 

  

	 	(d)	 A Participant who has directed the Trustee to tender some or all of the shares of Company Stock credited to the Participant’s Account may, at

  
 23 

	 	
any time prior to the tender offer withdrawal date, direct the Trustee to withdraw some or all of the tendered shares, and the Trustee shall withdraw the directed number of shares from the tender
offer prior to the tender offer withdrawal deadline. A Participant shall not be limited as to the number of directions to tender or withdraw that the Participant may give to the Trustee. 

 

	 	(e)	A direction by a Participant to the Trustee to tender shares of Company Stock credited to the Participant’s Accounts shall not be considered a written election
under the Plan by the Participant to withdraw, or have distributed, any or all of his withdrawable shares. The Trustee shall credit to each Account of the Participant from which the tendered shares were taken the proceeds received by the Trustee in
exchange for the shares of Company Stock tendered from that Account. Pending receipt of directions (through the Plan Administrator) from the Participant or the Investment Committee or the Stock Fund Fiduciary, as the case may be, as to which of the
remaining investment funds the proceeds should be invested in, the Trustee shall invest the proceeds in the applicable default investment fund as shall be designated by the Investment Committee. 

 

	 	(f)	The tender offer period is that period during which tender offer is outstanding and may be accepted or rejected or during which time an acceptance or rejection may be
withdrawn. 

 6.08 Additional Restrictions. Without limiting the effect of Section 6.03, additional
restrictions may be imposed on the Accounts of certain Participants with General Dynamics Stock Fund investments to comply with any securities laws or Company policies. 
 6.09 Special Fiduciary Provisions Concerning Company Stock. The Trustee shall adopt procedures designed to safeguard the confidentiality of information relating to the purchase, holding, and sale
of such securities, and the exercise of voting, tender and similar rights with respect to such securities by Participants (and Beneficiaries), except to the extent necessary to comply with Federal laws or state laws not preempted by ERISA. The Stock
Fund Fiduciary shall monitor the sufficiency of the foregoing procedures to safeguard the confidentiality of such information and such procedures are being followed. 
 6.10 No Obligation to Acquire Securities. Pursuant to Treasury Regulation Section 54.4975-11(a)(7)(i), the Plan is not obligated to acquire securities from a particular security holder at an
indefinite time determined upon the happening of an event (such as the death of the holder). 
 6.11 General Dynamics Stock
Fund. 

  
 24 

	 	(a)	The General Dynamics Stock Fund is intended to be a permanent feature of the Plan that shall be invested 100% in Company Stock. The General Dynamics Stock Fund is
intended to remain so invested without regard to (i) the diversification of assets, (ii) the risk profile of investments in Company Stock, (iii) the amount of income provided by Company Stock or (iv) the fluctuation in the fair
market value of Company Stock, subject to the discretion of the Stock Fund Fiduciary. 

  

	 	(b)	Stock Fund Fiduciary. Notwithstanding anything in the Plan or the Trust Fund to the contrary, the Stock Fund Fiduciary shall be the exclusive independent
fiduciary and investment manager for the General Dynamics Stock Fund. It is the intent of the Company, acting as settlor, that the presumption established under applicable law that investment in the General Dynamics Stock Fund is prudent for
purposes of ERISA be given full effect to the maximum extent consistent with applicable law, pursuant to which the Company intends that the Stock Fund Fiduciary consider restricting or eliminating the General Dynamics Stock Fund only in the event of
dire circumstances such as an imminent collapse of the Company. In making such a determination, the Company intends that the Stock Fund Fiduciary consider the risk associated with the General Dynamics Stock Fund not standing alone, but in light of
the availability of other investment funds under the Plan and the ability of Plan participants to construct a diversified portfolio of investments consistent with their individual desired level of risk and return. 

 

	 	(c)	Powers of the Stock Fund Fiduciary. Notwithstanding anything in the Plan to the contrary, the Stock Fund Fiduciary shall at all times have the exclusive
fiduciary authority and responsibility to exercise the following powers: 

  

	 	(1)	to restrict the investment of new Contributions in the General Dynamics Stock Fund; 

 

	 	(2)	to restrict the transfer of Participant Account balances into the General Dynamics Stock Fund; 

 

	 	(3)	to eliminate the General Dynamics Stock Fund as an investment fund under the Plan and to sell or otherwise dispose of all of the Company Stock held in the General
Dynamics Stock Fund; 

  

	 	(4)	to restrict the transfer of Participant Account balances out of the General Dynamics Stock Fund during any period in which the Stock Fund Fiduciary is directing the
sale or other disposition of the Company Stock in the General Dynamics Stock Fund; 

  

	 	(5)	 unless otherwise directed by the Investment Committee, to designate an alternative investment fund available under the Plan

  
 25 

	 	
for the temporary investment of any proceeds from any sale or other disposition of Company Stock, following the completion of such sale or other disposition, pending Participant directions to the
Trustee with respect to the investment of such proceeds; and 

  

	 	(6)	to instruct the Trustee with respect to the foregoing matters. 

 6.12 Self-Directed Brokerage Window. The Investment Committee, in its discretion, may allow for the Plan to provide Participants and Beneficiaries with the option to invest money in their Plan
Accounts through a self-directed brokerage window investment arrangement (or other similar arrangement) in accordance with any rules established for such arrangement. The decision to invest through a self-directed brokerage window investment option
(or other similar arrangement) is the sole responsibility of each Participant (or Beneficiary, as the case may be). To the extent a self-directed brokerage window investment arrangement (or other similar arrangement) is available, each Participant
(or Beneficiary, as the case may be) shall be the “named fiduciary” (as described in Section 402(a)(2) of ERISA) with respect to such self-directed brokerage window investment arrangement (or other similar arrangement), which
Participants (or Beneficiaries, as the case may be) will not be able to use to acquire Company Stock. 
 6.13 Managed
Account. The Investment Committee in its discretion may engage investment managers to manage the Accounts of Participants (if so elected by Participants) upon such terms as agreed to by the Investment Committee and such investment managers.

 ARTICLE VII 
 VESTING AND FORFEITURES 
 7.01 General. Each Participant and
Inactive Participant shall have a continuing interest under this Plan until his or her Account is distributed or forfeited. An individual Account will be valued in accordance with this Article VII. 

7.02 Vested Account. A Participant or Inactive Participant shall have a Vested Account balance in accordance with the following
provisions: 
  

	 	(a)	Vested as of the Effective Date. Participants and Inactive Participants who are vested in any portion of their Account balance as of the Effective Date of the
Plan shall continue to be vested in those balances. 

  

	 	(b)	 Immediate Vesting. A Participant shall be 100% vested in his or her 401(k) Contributions, After-Tax Contributions, Rollover Contributions, and
catch-up contributions as described in Section 4.09, and in dividends from investments in the General Dynamics Stock Fund to which the 

  
 26 

	 	
election contemplated in Section 8.14 herein applies. All earnings allocated on all of the foregoing shall also be 100% vested. 

 

	 	(c)	Vesting of Employer Contributions. Participants and Inactive Participants shall become fully vested in all Employer Contributions and earnings thereon credited
to their Accounts upon the earliest to occur of the following: 

  

	 	(1)	Satisfaction by the Participant or Inactive Participant of the Continuous Service requirements set forth in the Supplement applicable to that Participant or Inactive
Participant; 

  

	 	(2)	Termination of a Participant’s or Inactive Participant’s employment from the Affiliated Employers by reason of the Participant’s or Inactive
Participant’s death, Disability, or layoff (in accordance with Section 7.02(e)) or discharge without fault (by reason of failing to obtain any required security clearance or as part of a reduction-in-force program as defined by uniform,
non-discriminatory guidelines established by the Company); or 

  

	 	(3)	Termination of the employment of a Participant or Inactive Participant by reason of retirement as described in the applicable provisions of Section 8.01(a).

  

	 	(d)	Continuous Service. Subject to any administrative rules on Continuous Service established from time to time by the Plan Administrator, an individual’s
Continuous Service is the sum of the following: 

  

	 	(1)	That period of employment with the Affiliated Group commencing on the later of the Effective Date or the individual’s first Hour of Service and ending on the
individual’s Termination Date; 

  

	 	(2)	For an individual who shall be in the employment of the Affiliated Group on the Effective Date, that period of Continuous Service prior to the Effective Date accrued
under the terms of the Plan as it existed prior to such date; and 

  

	 	(3)	In the event an Employee who was not fully vested under Section 7.02(c) incurs a Termination Date, and is subsequently reemployed, his or her Continuous Service
recognized in his or her previous period of employment will be recognized in his or her subsequent period of employment after he or she completes one Year of Continuous Service following his or her reemployment. 

 

	 	(e)	 Termination Date. Subject to Section 3.07, an Employee’s “Termination Date” shall mean that last date on which he or she
performed or was deemed to have performed an Hour of Service for the Affiliated Group, as reported by an Affiliated Group Member. For these purposes, any 

  
 27 

	 	
Participant who performs any services beyond the level of merely committing to perform services for any period shall not be treated as having incurred a Termination Date for Plan purposes during
such time. 

  

	 	(f)	One-Year Break-in-Service. A “One-Year Break-in-Service” shall mean any Plan Year within which the Employee fails to complete one Hour of Service.

 7.03 Forfeitures. 
  

	 	(a)	If a Participant or Inactive Participant terminates employment and fails to vest in his or her Employer Contributions under Section 7.02(c), all non-vested amounts
and shares then in the Participant’s or Inactive Participant’s Account as of his or her Termination Date shall be forfeited the earlier of: 

  

	 	(1)	The distribution date of the entire vested portion of the Participant’s or Inactive Participant’s Account attributable to Employer Contributions; or

  

	 	(2)	The last day of the Plan Year in which the Participant or Inactive Participant incurs five consecutive One-Year Breaks-in-Service. 

Furthermore, for purposes of Section 7.03(a)(1) above, in the case of a Participant or Inactive Participant whose vested benefit
derived from Employer Contributions is zero, such individual shall be deemed to have received a complete distribution of this vested portion upon his or her Termination Date. 

 

	 	(b)	Reinstatement of Forfeitures. An amount forfeited under Section 7.03 shall be reinstated if the Participant or Inactive Participant again becomes an
Employee of the Affiliated Group. Notwithstanding the foregoing, if such an individual received a distribution of any amount upon termination, such distribution must be repaid to the Plan (valued as of the distribution date) for a reinstatement to
be made. Such repayment must be made before the later of (1) five years after the Termination Date, or (2) five years after the date of re-employment. Any reinstated amount (not including repayments) described in this Section shall be
subject to the normal vesting provisions of Section 7.02(c). In addition, if the value of a Participant’s Account was forfeited as a result of a distribution from the Plan prior to termination of employment, such value will be restored to
the Participant’s Account provided such Participant repays to the Plan, in cash and in a lump sum, the value of the earlier withdrawal and any loan amounts that were defaulted as part of a distribution upon a termination (less any amounts
withdrawn from a rollover account) prior to any Termination Date. 

  
 28 

 In the event the individual repays the full amount distributed to him, the undistributed
portion of the Participant’s Account will be restored in full, unadjusted by any gains or losses. The source for such reinstatement shall be: 
  

	 	(1)	any Forfeitures occurring during the Plan Year; then 

  

	 	(2)	any income or gain to the Plan (pursuant to Treasury Regulation Section 1.411(a)-7(d)(6)(iii)(C)); and last, 

 

	 	(3)	an Employer Contribution in an amount sufficient to restore Forfeited Accounts provided, however, that if an Employer non-elective contribution is made for such Plan
Year, such contribution shall first be applied to restore any such Accounts and the remainder shall be allocated in accordance with the terms of the Plan. 

  

	 	(c)	Application of Forfeitures. All forfeitures of Employer Contributions and earnings thereon from the Accounts of any Participant or Inactive Participant shall be
applied as a credit to reduce subsequent Employer Contributions or used to pay expenses of the Plan consistent with Section 10.22. All amounts so forfeited and applied shall be determined as of the accounting date coincident with or immediately
following the date on which the event resulting in such forfeiture occurs. However, in the event the Plan is terminated, any amount not so applied by the Trustee shall be credited ratably to the Accounts of Participants and Inactive Participants in
proportion to the amounts of their respective Accounts attributable to Employer Contributions. 

  

	 	(d)	Pursuant to Treasury Regulation Section 54.4975-11(d)(4), if a portion of a Participant’s or Inactive Participant’s Account is forfeited, Company Stock
must be forfeited only after other assets. 

 7.04 Value Upon Distribution. The amount of a
Participant’s or Inactive Participant’s distribution shall equal the Participant’s Vested Account determined on the Valuation Date coincident with or immediately after the date on which the distribution is requested by the Participant
or his or her Beneficiary. 
 ARTICLE VIII 
 DISTRIBUTIONS UPON RETIREMENT, TERMINATION OR DEATH 
 8.01 Right
to Payment. For purposes of this Article VIII, the term “Participant” shall refer to both Participants and Inactive Participants. Upon termination of employment with the Affiliated Employers by reason of (a) through
(d) below, the Participant or, in case of death, the 

  
 29 

 
Participant’s Beneficiary, shall be eligible to receive a distribution in the time and manner described in this Article VIII. For purposes of this Article VIII, a termination of employment
shall be the Termination Date on which a Participant’s employment with the Affiliated Employers is terminated because of the first to occur of the following: 
  

	 	(a)	Retirement under a Pension Plan. If an Employee became a participant in the General Dynamics Corporation 401(k) Plan 3.0 after December 1, 1999 and such
Employee participates in the Plan or if any other Employee began participation in the Plan after December 1, 1999, such Participants will be treated as retired for purposes of this Section if he or she terminates employment with an Employing
Unit after he has attained the age of 55. In such event, the Participant’s Vested Account balance may be distributed pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable
Supplement. 

 If an Employee was a participant in the General Dynamics Corporation 401(k) Plan 3.0 on or before
December 1, 1999 and such Employee participates in the Plan or if any other Employee began participation in the Plan on or before December 1, 1999, such Participants will be treated as retired for purposes of this Section if he or she
terminates employment with an Employing Unit at the earlier of age 55 or the date the Participant satisfies the conditions for normal or early retirement under a defined benefit pension plan, maintained by or for an Employing Unit, in which the
Participant participates, or if such Participant does not participate in such a defined benefit pension plan, the date he or she would otherwise satisfy the conditions for normal or early retirement under the applicable defined benefit pension plan.
In such event, the Participant’s Vested Account balance may be distributed pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

 

	 	(b)	Death. The date of the Participant’s death prior to the commencement of distribution of his or her Vested Account from the Plan. In such event, the
Participant’s Vested Account balance may be distributed pursuant to either of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

 

	 	(c)	Disability. The date the Participant terminates from the employ of the Affiliated Group at any age by reason of a Disability. In such event, the
Participant’s Vested Account balance may be distributed pursuant to any of the methods provided under Sections 8.02 and 8.05 below, or as otherwise provided in an applicable Supplement. 

 

	 	(d)	 Other Terminations. The date the Participant terminates employment for any reason, except as otherwise provided for in this Section 8.01,
from the Affiliated Group pursuant to 7.02(e). In such event, the Participant’s Vested Account balance may be distributed pursuant to the method 

  
 30 

	 	
provided under Sections 8.02 or 8.05 below. Notwithstanding anything to the contrary, distributions of a Participant’s Vested Account and earnings thereon shall be permitted on account of
severances from employment regardless of when the severance of employment occurred or occurs. 

 8.02 Form of
Payment. The normal form of benefit under the Plan is a lump sum. Subject to the conditions set forth in this Article VIII, a Participant, or in the case of his or her death, his or her Beneficiary, may elect to receive his or her Vested Account
balance in the forms specified below, as applicable pursuant to Section 8.01, or as otherwise provided in an applicable Supplement. 
  

	 	(a)	Lump Sum. By payment in a single lump sum, valued as of the Valuation Date coincident with or after the date on which payment is requested.

  

	 	(b)	Partial Distributions. By payment of partial lump sums (in amounts no less than $500 or 100% of the available Account balance if less than $500), valued as of
the Valuation Date coincident with or after the date on which such payment is requested. The value of and balances in the Vested Account will be reduced by the amount of any partial lump sums in accordance with any rules established by the Plan
Administrator. 

  

	 	(c)	Installments. By payment in a series of annual or monthly installments over a period not to exceed the life expectancy of the Participant (or the designated
Beneficiary) or the joint life expectancy of the Participant and his or her designated Beneficiary, provided that the designated Beneficiary for the joint life expectancy purposes of this Section 8.02(c) must be the Participant’s spouse.
The joint life expectancy option described in this Section 8.02(c) shall not be available if a Participant’s designated Beneficiary is a person other than the Participant’s spouse. The life expectancy of a Participant or his or her
spouse shall be determined by use of the expected return multiples contained in the regulations under Section 72 of the Code. If a Participant dies while any installment remains unpaid, his or her remaining Vested Account balance shall be paid
to his or her Beneficiary in the form elected by such Beneficiary. If the Beneficiary elects to continue the installments, the remaining portion must be distributed over a period not exceeding the applicable period described in this
Section 8.02 over which payments were being made to the Participant. In addition to the distribution options set forth herein, a Participant may elect to receive his or her Vested Account Balance in the additional form of monthly or annual
fixed-amount installments ($500 minimum with amount changes permitted annually). 

 A Participant who elected any
type of installment payments under the Plan may irrevocably cancel such installment payments at any time by notifying the Plan Administrator and substituting a fixed-amount 

  
 31 

 
installment payment ($500 minimum with amount changes permitted annually) therefore. Such a Participant may subsequently elect a lump-sum distribution of his or her Vested Account balance at any
time by notifying the Plan Administrator. 
 All installment payments under the Plan will be suspended upon a Participant’s
reemployment with an Employer and subsequent active participation in the Plan. 
 8.03 Distributions Made in Cash or
Shares. All lump sum or total distributions requested by a former Employee or the designated Beneficiary of a deceased Participant shall be made in cash (or if the Participant so elects in full shares of Company Stock to the extent deemed held
in his or her Account without regard to the limitations of Section 6.03). In addition, fractional shares of Company Stock shall be paid in cash and valued as of the date the distribution request is processed, but in any event after the
Participant terminates employment with the Affiliated Group Member pursuant to Sections 8.01 (a), (b), (c) and (d) above, or requests a withdrawal or payment of his or her deferred Account balance pursuant to this Article VIII.
Notwithstanding anything to the contrary, all distributions made pursuant to Code Section 411(a)(11) shall be paid in cash. 
 8.04 Commencement of Payment. Except as provided below in this Section 8.04, payment of a Participant’s Vested Account balance shall be made, transferred, or installment payments will
commence as soon as practicable after the appropriate date of termination of employment under Section 8.01 above, in accordance with such practices as the Plan Administrator may in its judgment implement. In accordance with Code
Sections 411(a)(11) and 401(a)(31)(B), Department of Labor Regulations Section 2550.404a-2, and any other applicable law, if a Participant’s or Beneficiary’s Vested Account Balance at the time of distribution is less than or
equal to $5,000, distributions may be made in a nondiscriminatory manner on behalf of a Participant or Beneficiary before any “required commencement date” (defined below) without his or her consent as soon as administratively practicable.
In the event of a mandatory distribution greater than $1,000 in accordance with the provisions of this Section 8.04, if a Participant or Beneficiary does not elect to have such distribution paid directly to an eligible retirement plan specified
by the Participant or Beneficiary (if allowed under applicable law) in a direct rollover or to receive the distribution directly in accordance with Sections 8.02 and 8.09, then the Plan Administrator will pay the distribution in a direct rollover to
an individual retirement plan designated by the Plan Administrator in accordance with Internal Revenue Code Section 401(a)(31)(B) and any authority promulgated thereunder. Distribution of benefits shall be made (or installment payments shall
commence) no later than April 1 of the calendar year next following the year in which the Participant attains age 70 1/2. Notwithstanding the foregoing, beginning with Participants who attain age 70 1/2 in or after a calendar year beginning on or after January 1, 1997, distribution of benefits must be made or commence no later than April 1 of the calendar year following the later of the
calendar year in which the Participant attains age 70 1/2 or the calendar year in which he retires (his or her “required commencement date”); provided, however, that a
Participant who already commenced receiving distributions prior to January 1, 1997, but who 

  
 32 

 
had not yet retired may elect during 1997 to stop distributions until his or her required commencement date. The required commencement date of a Participant who is a 5 percent owner (as defined
in Section 416 of the Code) shall remain April 1 of the calendar year next following the calendar year in which he attains age 70 1/2. All required minimum distributions shall be paid and calculated in accordance with
any applicable regulations promulgated under Code Section 401(a)(9), except that: 
  

	 	(a)	if a Participant dies after his or her required commencement date, the remaining portion of his or her benefits must be distributed over a period not exceeding
the period over which payments were being made to the Participant; or 

  

	 	(b)	 if a Participant dies before his or her required commencement date, his or her benefits must be distributed over a period not exceeding the
greatest of: (i) December 31 of the fifth calendar year following the death of the Participant; (ii) in the case of payments to a designated Beneficiary other than the Participant’s spouse, the life expectancy of such
Beneficiary, provided payments begin by December 31 of the calendar year following the Participant’s death; or (iii) in the case of payments to the Participant’s spouse, the life expectancy of such spouse, provided payments begin
by December 31 of the year the Participant would have attained age 70 1/2. 

 With respect to distributions under the Plan made for calendar years beginning on or after January 1, 2002, the Plan will apply the minimum distribution requirements of Section 401(a)(9) of the
Code in accordance with the regulations under Section 401(a)(9) that were proposed on January 17, 2001, notwithstanding any provision of the Plan to the contrary. This paragraph of Section 8.04 shall continue in effect until the end
of the last calendar year beginning before the effective date of final regulations under Code Section 401(a)(9) or such other date as may be specified in guidance published by the IRS. 
 With respect to distributions under the Plan made with respect to calendar years beginning on or after January 1, 2003, all distributions from the Plan shall be made in accordance with Code
Section 401(a)(9) and regulations promulgated thereunder, including Treasury Regulations Sections 1.401(a)(9)-2 through 1.401(a)(9)-9. All distributions shall also comply with the Incidental Death Benefit requirement of IRC 401(a)(9)(G). The
provisions reflecting Section 401(a)(9) override any distribution options in the Plan inconsistent with Section 401(a)(9). 

Notwithstanding anything contrary in this Section 8.04 and/or Article VIII of the Plan, a Participant or Beneficiary who would have been required to
receive required minimum distributions for 2009 but for the enactment of Section 401(a)(9)(H) of the Code (“2009 RMDs”), and who would have satisfied that requirement by receiving distributions that are (1) equal to the 2009 RMDs
or (2) one or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the Participant, the joint lives (or joint life
expectancy) of the Participant and the Participant’s designated beneficiary, or for a period of at least 10 years (“Extended 2009 RMDs”), will not receive those distributions for 2009 unless the Participant or Beneficiary chooses to
receive such distributions. Participants and Beneficiaries described in the 

  
 33 

 
preceding sentence will be given the opportunity to elect to receive the distributions described in the preceding sentence. 

8.05 Deferral of Payment. A Participant or Beneficiary who is eligible to receive payment of his or her Vested Account pursuant to
Section 8.01 may elect to defer such payment until his or her required commencement date (as defined in Section 8.04 above). The deferring Participant or Beneficiary may elect to receive a lump-sum distribution of his or her entire Vested
Account at any time after the initial deferral and before his or her required commencement date by requesting a distribution in the manner prescribed by the Plan Administrator. Notwithstanding the foregoing, the Vested Account balance of a deferring
Participant who terminated employment may be distributed pursuant to any of the methods provided above or in a partial lump-sum payment and partial deferral. Effective for deferral dates prior to January 1, 1998 only, in the event that the
Participant fails to elect a form of benefit, his or her Vested Account shall be distributed in lump sum form. 
 8.06
Designation of Beneficiary. Each Participant from time to time may designate a Beneficiary to whom his or her benefits may be paid in the event of his or her death. “Beneficiary” shall mean (a) the person designated by the
Participant either (i) in writing, on a form prescribed by the Plan Administrator and on file with the Plan’s designated recordkeeper, to receive a distribution upon the death of a Participant or (ii) in such other manner as provided
by the Plan Administrator, or (b) the estate of the Participant in the event that no such designation shall have been made or the person so designated shall have died prior to or coincident with the Participant. Notwithstanding anything to the
contrary contained in the Plan, the designated Beneficiary of a legally married Participant shall be the Participant’s spouse. Any Beneficiary designation to the contrary shall be void unless such spouse of the Participant consents in writing
to the Beneficiary designation. Such spouse’s written consent shall be given on such forms as designated by the Plan Administrator. The consent shall acknowledge the effect of the consent and must be witnessed by a Plan representative or notary
public. Only valid Beneficiary designation forms on file with the Plan’s recordkeeper will be honored. Any Beneficiary designation forms misfiled elsewhere by Participants will be void. Accordingly, if a Participant does not have a valid
Beneficiary designation form on file with the Plan’s designated recordkeeper, then the Participant shall be treated as not having designated a Beneficiary. The designated Beneficiary of a Participant or an Alternate Payee, as defined in
Section 414(p) of the Code, (unless otherwise provided in a Qualified Domestic Relations Order) shall not be entitled to designate another Beneficiary. Upon the death of the designated Beneficiary of a Participant after the designated
Beneficiary has become entitled to receive distribution of the Participant’s Account, payment shall be made to the designated Beneficiary’s estate pursuant to Section 8.07. Any disclaimer with respect to benefits provided herein and
any power of attorney must be made consistent with any applicable law (including ERISA and the Code) and any other rules established by the Company for the orderly administration of the Plan. A Participant may from time to time authorize a
third-party representative to access certain Account information and to take certain actions on the Participant’s behalf. Such authorization shall be (i) in writing, on a form prescribed by the Plan

  
 34 

 
Administrator or its designee, or (ii) in such other form and manner as accepted by the Plan Administrator. Only valid authorizations on file with the Plan’s recordkeeper will be
honored. 
 8.07 Special Rules for Distribution In Case of Death. If a Participant dies before receiving his or her
entire Vested Account balance, benefits shall be paid to his or her designated Beneficiary. If a deceased Participant failed to designate a Beneficiary before his or her death, or if all of the designated Beneficiaries die before the Participant,
the Participant’s benefits shall be distributed in accordance with the provisions set forth in Section 8.06 above. In addition, the following rules shall apply with respect to benefits distributed after the Participant’s death:

  

	 	(a)	In the event that the Participant’s benefits are distributed to his or her estate pursuant to Section 8.06, the maximum period over which installment payments
shall be payable shall be 5 years. 

  

	 	(b)	In the event that the Participant dies before receiving all or part of a distribution from his or her Vested Account but after he or she has properly requested such a
distribution, the distribution shall be paid in accordance with his or her election (that is, paid to his or her estate or Beneficiary). 

  

	 	(c)	In the event that the designated Beneficiary dies after commencing receipt of distributions but before the entire Vested Account balance is distributed, the remaining
balance shall be distributed to the Beneficiary’s estate. 

  

	 	(d)	In the event that the Participant dies after terminating employment with the Affiliated Employers and after deferring receipt of his or her Vested Account balance
pursuant to Section 8.05, such Vested Account balance shall be distributed in accordance with Section 8.06. 

  

	 	(e)	If any portion of a Participant’s Vested Account is payable to a designated Beneficiary who is a minor at the time of such distribution, the distribution may be
paid to the duly appointed guardian of such minor’s estate or to the custodian of a Uniform Transfer to Minors Act or Uniform Gifts to Minors Act account for the benefit of such minor Beneficiary. 

8.08 Missing Participants or Beneficiaries. Each Participant and each designated Beneficiary must provide his or her post office
address, and any change in post office address, to the Plan Administrator, pursuant to procedures determined by his or her Employer’s Human Resource Department. Any communication, statement or notice addressed to a Participant or Beneficiary at
his or her last post office address filed with the Plan Administrator or the Employer shall be binding on the Participant and his or her Beneficiary for all purposes of the Plan. Subject to applicable law, neither the Employer nor the Plan
Administrator is required to search for or locate a Participant or Beneficiary. If a Participant or Beneficiary is notified by the Plan Administrator that he or she 

  
 35 

 
is entitled to a payment, and the Participant or Beneficiary fails to claim his or her benefits or make his or her whereabouts known to the Plan Administrator within 5 years after a distribution
becomes due, the amount thereof shall be used to reduce Employer Contributions. Should the Participant or Payee subsequently make proper claim for such amount, it shall be paid to the Trust Fund by the Employer and distributed in accordance with the
terms of the Plan. 
 8.09 Direct Rollovers. If payment of a Participant’s benefits constitutes an eligible rollover
distribution under Section 402(c) of the Code, then the Participant or other eligible distributee may elect to have such distribution paid directly to an eligible retirement plan described in Section 402(c)(8)(B) or Section 408A of
the Code, or as may be required or limited by applicable law. Such eligible rollover distribution may be paid in cash or Company Stock, as the Participant or other eligible distributee shall elect. Each election under this Section 8.09 shall be
made at such time and in such manner as the Plan Administrator shall determine, and shall be effective only in accordance with such rules as shall be established from time to time by the Plan Administrator. 

Any before-tax contribution amount that is distributed on account of hardship shall not be an eligible rollover distribution under this Section 8.09
and the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan as described above. 

The term eligible retirement plan described above shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan
under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred
into such plan from this Plan and the definition of eligible retirement plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order,
as defined in Section 414(p) of the Code. 
 With respect to the term eligible rollover distribution described above, a portion of a
distribution shall not fail to be an eligible rollover distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual
retirement account or annuity described in Section 408(a) or (b) of the Code (including annuities described in Section 403(b) of the Code), or to a qualified plan (including a qualified defined benefit plan) described in
Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution
which is not so includible. Moreover, the entire amount of any hardship withdrawal shall not be eligible for rollovers. 
 In addition,
notwithstanding anything to the contrary in this Section 8.09, and solely for purposes of applying the direct rollover provisions of the Plan, only distributions that would be eligible for a direct rollover without regard to
Section 401(a)(9)(H) of the Code will be treated as eligible rollover distributions. 
 8.10 Distribution to Alternate
Payees. 

  
 36 

 
The Plan Administrator may direct the Trustee to distribute benefits to an alternate payee, as defined in Section 414(p) of the Code, on the earliest date specified in a Qualified Domestic
Relations Order, without regard to whether such distribution is made or commences prior to the Participant’s earliest retirement age (as defined in Section 414(p)(4)(B) of the Code) or the earliest date that the Participant could commence
receiving benefits under the Plan. 
 8.11 Loans to Participants. The Plan Administrator, in accordance with regulations
promulgated by the Internal Revenue Service and pursuant to such rules as it may from time to time establish and maintain in addition to this Plan document, and upon application by a Participant supported by such evidence as the Plan Administrator
requests, may direct the Trustee to make a loan from the Trust Fund to a Participant subject to the following: 
  

	 	(a)	The principal amount of any loan made to a Participant, when added to the outstanding balance of all other loans made to such Participant from all qualified plans
maintained by the Employers, shall not exceed the lesser of: 

  

	 	(1)	$50,000 reduced by the excess (if any) of the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which
such loan was made, over the outstanding balance of loans from the Plan on the date on which such loan was made; or 

  

	 	(2)	one-half of the Participant’s Vested Account balances under the Plan. 

 

	 	(b)	Each loan must be evidenced by a note in a form approved by the Plan Administrator, shall bear interest at a reasonable rate, and shall require substantially level
amortization (with payments at least quarterly) over the term of the loan. 

  

	 	(c)	Each loan shall specify a repayment period that shall not extend beyond five years or twenty years in the case of loans for a primary residence.

 If, on a Participant’s Termination Date, any loan or portion of a loan made to him under the Plan, together with the
accrued interest thereon, remains unpaid, an amount equal to such loan or any part thereof, together with the accrued interest thereon, shall be charged to the Participant’s Accounts after all other adjustments required under the Plan, but
before any distribution pursuant to Article VIII. The foregoing shall not apply to a Participant during a period in which he is laid off, provided he elects to continue loan payments through personal check. Participants with a Disability,
Participants who are receiving short-term disability benefits from their Employing Unit or Participants who are on a Company-approved leave of absence may make manual loan repayments for the duration of such disability or leave. Moreover, at the
discretion of the Plan Administrator, the foregoing loan rules may be modified in accordance with the terms of any applicable corporate sale, outsourcing or other similar agreement affecting Participants who are

  
 37 

 
part of affected Employing Units and such Participants may be permitted to make manual loan repayments under such terms and conditions as the Plan Administrator determines. If a Participant is
terminated and requests a lump sum distribution while a loan remains unpaid, such loan will be immediately foreclosed and treated as a taxable event. 
 In determining the adjusted net worth of the Trust Fund as of each accounting date, the Trustee shall disregard loans made to Participants under this Section 8.11 and any interest and principal
payments on such loans received by the Trustee since the last preceding accounting date. For purposes of adjusting Participants’ Accounts under Article VIII, the Company shall exclude from the credit balance in a Participant’s
Accounts the unpaid amount of any loan made to him (disregarding any principal payments made since the last preceding accounting date). Interest paid by a Participant on a loan made to him under this Section 8.11 shall be credited to the
Accounts of the Participant after all other adjustments required under the Plan as of that date have been completed. A deferring Participant who leaves the employ of the Affiliated Employers and any Participant on an unpaid leave of absence shall
not be eligible for a loan from his or her Vested Account. 
 Participants, whether Active Participants or Inactive Participants, may take
either two general purpose loans or one general purpose loan and one principal residence loan, provided that such Participants are on the active payroll of an Employing Unit. The total number and type of loans available hereunder shall be reduced by
the corresponding number and type of loans outstanding under any other plan maintained by the Company such that only two loans (in the combinations described in the preceding sentence) per Participant will be permitted under all plans similar to
this Plan. Any loans transferred to the Plan from the General Dynamics Corporation 401(k) Plan 3.0 shall count toward the limits on loans specified herein. In addition, for any loans so transferred to the Plan from the General Dynamics Corporation
401(k) Plan 3.0, the name of the Plan shall be deemed substituted for the name of the General Dynamics Corporation 401(k) Plan 3.0 on any applicable loan notes and all other loan note terms shall remain the same. Notwithstanding any of the
foregoing, the Plan Administrator may allow additional loans with respect to any Business Unit or group of Participants employed at a business that is acquired by the Company and specifically permitted participation herein; provided that the Plan
Administrator determines that such additional loans are administratively feasible and such action is taken solely to accommodate prior loans under any plans affected by such business acquisition. 

8.12 Hardship Withdrawal of Compensation Deferral Contributions. Subject to the following provisions of this Section 8.12, a
Participant may elect to withdraw in the following order, all or any portion of his or her After-Tax Contributions, if any, as well as Rollover Contributions, vested Employer Matching Contributions (other than “safe harbor” Employer
Matching Contributions and any earnings thereon, as provided for in any Supplement), vested Employer Discretionary Contributions and 401(k) Contributions (including earnings on such contributions prior to 1989), provided that the withdrawal is
necessary in light of immediate and heavy financial needs of the Participant. Such a withdrawal shall be in an amount that is no less than $500 or 100% of the available Account balance, and in no event shall such a withdrawal exceed the amount
required to meet this immediate financial need, after seeking amounts reasonably available from other resources of the Participant (including, 

  
 38 

 
pursuant to rules established by the Plan Administrator, electing to receive dividends in cash as described in Section 8.14, all other distributions and nontaxable loans currently available
under the Plan). Each such election shall be filed with the Plan Administrator or its agent at such time and in such manner as the Plan Administrator shall determine, and shall be effective in accordance with such rules as the Plan Administrator
shall establish and publish from time to time. Consistent with Treasury Regulation Section 1.401(k)-1(d), immediate and heavy financial needs are limited to amounts necessary for: 

 

	 	(a)	Unreimbursed medical expenses described in Code Section 213(d) that are previously incurred by the Participant, his or her spouse or his or her dependents (as
defined by the IRS in the Code, including, but not limited to, Section 152 thereof) or necessary for these persons to obtain medical care described in Code Section 213(d); 

 

	 	(b)	Purchase (excluding mortgage payments) of a principal residence for the Participant; 

 

	 	(c)	Payment of tuition and related educational fees (including room and board) for the next 12 months of post-secondary education for the Participant, his or her spouse or
his or her dependents (as defined by the IRS in the Code, including, but not limited to, Section 152 thereof); 

  

	 	(d)	Preventing foreclosure on or eviction from the Participant’s principal residence; 

 

	 	(e)	Funeral expenses of a family member; 

  

	 	(f)	an Internal Revenue Service tax levy; 

  

	 	(g)	Certain legal fees and costs; 

  

	 	(h)	Covering expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Section 165 of the
Code (determined without regard to whether the loss exceeds 10% of adjusted gross income); or 

  

	 	(i)	Such other events or expenses that constitute an immediate and heavy financial need under Treasury Regulation Section 1.401(k)-1(d) and based on all relevant facts
and circumstances. 

 8.13 In-Service Withdrawals. A Participant who is employed by the Affiliated Group
may elect to withdraw a specified portion of his or her Vested Account balance as described below (in amounts of not less than $500 or 100 percent of the available amount, whichever is less), subject to the restrictions contained in this
Section 8.13 and such other rules and restrictions as the Plan Administrator may from time to time impose. Each election by a Participant under this Section 8.13 must be filed with the Plan Administrator or its agent at such time and in
such manner as the 

  
 39 

 
Plan Administrator shall determine, and shall be effective in accordance with such rules as the Plan Administrator shall establish. The Vested Account portion from which an in-service withdrawal
may be made consists of all vested amounts credited to a Participant’s Account (including rollover balances credited pursuant to Section 4.07) and vested transfers from other plans, except for: 

 

	 	(a)	 401(k) Contributions and safe harbor Employer Matching Contributions and earnings thereon (before the Participant’s attainment of age 59 1/2); 

  

	 	(b)	vested Employer Discretionary Contributions or non-safe harbor Employer Matching Contributions and earnings thereon credited to a Participant’s Account, provided
that such contributions (and related earnings) shall be available for in-service withdrawal if (i) such contributions (and related earnings) have remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or
(ii) the Participant has participated in the Plan (or in any plan referenced in Section 3.06) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made. 

All amounts and/or shares withdrawn shall be drawn from a Participant’s Account in accordance with rules established by the
Plan Administrator from time to time. Notwithstanding the foregoing, there shall be no restriction on the number of withdrawals with respect to any Vested Account balances under this Section and the restriction of Section 6.03 shall not apply
to age 59 1/2 withdrawals. 
 8.14 ESOP Dividend Distribution Election. In
accordance with such rules as the Plan Administrator establishes and consistent with Code Section 404(k) and effective June 1, 2006, all Participants may elect at any time either to reinvest any regularly scheduled quarterly (or annual)
cash dividends attributable to their investment in the ESOP portion of the General Dynamics Stock Fund or to receive the value of such dividends in cash. If no such election is made, such dividends will be reinvested in the General Dynamics Stock
Fund. Such elections on file with the Plan Administrator at the end of the day prior to the ex-dividend date with respect to the next immediate dividend posting the following day shall be treated as irrevocable. The treatment elected under such
irrevocable election shall be processed as soon as administratively practicable. The foregoing only applies to regularly scheduled quarterly (or annual) cash dividends actually paid to the Plan. Any other dividends, including special dividends, or
dividends paid in the form of shares of the Company or other property, are not eligible for the foregoing dividend distribution election and will be reinvested in the General Dynamics Stock Fund or as otherwise provided under the Plan. 

ARTICLE IX 

PLAN ACCOUNTING 
 9.01 Separate Accounts. The Plan Administrator shall maintain the following Accounts in the name of each Participant or Inactive Participant: 

  
 40 

	 	(a)	a “Before-Tax Account,” which shall reflect his or her 401(k) Contributions, if any, under the Plan, and the income, losses, appreciation and depreciation
attributable thereto; 

  

	 	(b)	an “After-Tax Account” which shall reflect his or her voluntary After-Tax Contributions, if any, under the Plan, and the income, losses, appreciation and
depreciation attributable thereto; 

  

	 	(c)	a “Company Match Account,” which shall reflect his or her share of Employer Contributions under the Plan, and the income, losses, appreciation and
depreciation attributable thereto; 

  

	 	(d)	a “Non-Contributory Retirement Contribution Account,” which shall reflect amounts attributable to Employer Discretionary Contributions described in
Section 5.02(c) and to any other contributions specified only in a Supplement; and 

  

	 	(e)	a “Rollover Account,” which shall reflect Rollover Contributions rolled over to the Plan from another qualified plan, if any, and the income, losses,
appreciation and depreciation attributable thereto. 

 The Plan Administrator also may maintain such other Accounts in the names
of Participants or otherwise as it considers advisable. Unless the context indicates otherwise, references to a Participant’s “Account” or “Accounts” means all accounts maintained in his or her name under the Plan.

 9.02 Daily Accounting Dates. Participants’ Accounts shall be adjusted as of the end of each business day. A
“business day” shall mean any day on which the New York Stock Exchange is open for business. Accordingly, an “accounting date” means each business day as defined herein as of which Participants’ Accounts are adjusted under
the Plan. 
 9.03 Adjustment of Participants’ Accounts. Participants’ Accounts shall be maintained on the basis
of dollar values or units that may be converted to dollar values. Pursuant to the accounting procedures of the Plan Administrator, Participants’ Accounts will be adjusted on each accounting date to reflect the adjusted net worth (as described
below) of the investment funds in which such accounts have an interest and to reflect any contributions and distributions since the previous accounting date (including adjustments for Plan expenses that are paid out of Plan assets). The
“adjusted net worth” of an investment fund as of any accounting date means the then-net worth of that investment fund as determined by the Trustee in accordance with the provisions of the Trust Agreement. Accounts held under an annuity
contract shall be adjusted in accordance with the annuity contract. 
 9.04 Allocation of Employer Contributions.

  
 41 

 
As of each regular accounting date on which a Participant’s 401(k) Contribution is credited to his or her Accounts, Employer Contributions shall be allocated and credited to the accounts of
the same Participants in accordance with Sections 5.01, 5.02 and 6.02. Regular quarterly or annual dividends declared by the Company and received on Company Stock held by the Trustee shall be used to purchase shares or units of Company Stock, and
the Participant’s or Inactive Participant’s Accounts shall be credited with a proportionate number of such shares determined on the basis of the number of shares or units in each Participant’s or Inactive Participant’s Account.

 9.05 Crediting of Participant Contributions. Subject to Article IV, each Participant’s 401(k) Contributions
or After-Tax Contributions shall be credited to his or her Before-Tax Account and After-Tax Account, as applicable, as soon as practicable, but in any event no later than the 15th business day of the next following month, subject to permissible
extensions. 
 9.06 Charging Distributions. All payments or distributions made to a Participant or his or her Beneficiary
will be charged to the appropriate Accounts of such Participant. 
 9.07 Account Notices. In accordance with applicable
law, the Plan Administrator will provide to each Participant such notices as may be required to increase awareness of automatic enrollment, safe harbor (as provided for in any Supplement), diversification and other rights affecting Accounts and
participation herein. 
 9.08 Statement of Account. As soon as practicable after the end of each calendar quarter, or at
such other times required by applicable law or at such other times as the Plan Administrator may decide, each Participant will be furnished with a statement reflecting the condition of his or her Accounts in the Trust Fund as of that date. No
Participant, except one authorized by the Plan Administrator, shall have the right to inspect the records reflecting the Accounts of any other Participant. 
 9.09 Contribution Limitations. For each Plan Year, the annual addition (as defined below) to a Participant’s Accounts under the Plan shall not exceed the lesser of $51,000, as adjusted for
increases in the cost-of-living under Section 415(d) of the Code, or 100 percent of the Participant’s Section 415 compensation (as defined below) during that Plan Year. The term “annual addition” for any Plan Year means the
sum of the Employer Contributions, Contributions made by Participants and forfeitures credited to a Participant’s Accounts for that year. Any Contributions made by Participants which cannot be allocated to a Participant because of the foregoing
limitations (and any gains attributable thereto) shall be returned to him. Any Employer Contributions which cannot be allocated to a Participant because of the foregoing limitations shall be applied to 

  
 42 

 
reduce Employer Contributions in succeeding Plan Years, in order of time. For all applicable purposes under the Plan (including determining amounts eligible for Deferral Pay), a
Participant’s “Section 415 compensation” means his or her total cash compensation for services rendered to the Employers as an Employee, determined in accordance with Treasury Regulation Section 1.415-2(d)(11)(i) and in
accordance with the timing requirements of the final regulations promulgated under Section 415 of the Code, but including pre-tax deferrals or payments made pursuant to Sections 125, 132(f) and 402(e)(3) of the Code and excluding any
contribution for medical benefits after separation from service (within the meaning of Code Sections 401(h) or 419A(f)(2)) which is otherwise treated as an annual addition. Contributions made on behalf of a Participant in any qualified defined
contribution plan of the Company will not exceed the limitation (as may be adjusted from time to time) under Section 415 of the Code. 
 9.10 Allocation of Earnings to Distributions of Excess Contributions. The earnings allocable to distributions of Participants’ 401(k) Contributions exceeding the limits of Sections 4.05
(Code Section 402(g) limit) and 4.06 (ADP limit) and Participants’ After-Tax Contributions and Employer Matching Contributions exceeding the limits of Section 9.11 (ACP limit) shall be determined as follows in the event any such
testing is required under the Plan for any Plan Year: 
  

	 	(a)	for Sections 4.05 and 4.06, earnings shall be determined by multiplying the income or loss attributable to the Participant’s 401(k) Contributions for the Plan
Year by a fraction, the numerator of which is the excess contributions to be distributed to the Participant for the Plan Year and the denominator of which is the sum of: (i) the Participant’s Before-Tax Account balance on the first day of
the Plan Year, and (ii) the Participant’s 401(k) Contributions for such Plan Year. 

  

	 	(b)	for Section 9.11, earnings shall be determined by multiplying the income or loss attributable to the Participant’s After-Tax and Employer Matching
Contributions for the Plan Year by a fraction, the numerator of which is the excess aggregate contributions to be distributed to the Participant for the Plan Year and the denominator of which is the sum of: (i) the total of the
Participant’s After-Tax Account balance and Company Match Account balance on the first day of the Plan Year, and (ii) the total of the Participant’s After-Tax Contributions and Employer Matching Contributions for such Plan Year.

  

	 	(c)	 For Sections 4.06 and 9.11, the excess contributions and excess aggregate contributions shall also be adjusted for income or loss for the period
between the last day of the Plan Year and the date of distribution (the “gap period”). The income or loss allocable to the excess contributions and excess aggregate contributions for the gap period shall be equal to ten percent
(10%) of the income or loss allocable to the distributable excess contributions or excess aggregate contributions for the applicable Plan Year as determined in the above two paragraphs multiplied by the number of whole calendar months that have
elapsed since the end of the applicable 

  
 43 

	 	
Plan Year including the month of distribution if distribution occurs after the fifteenth (15th) of such month. Notwithstanding the foregoing, excess contributions and excess aggregate
contributions for Plan Years beginning on or after January 1, 2008 shall not be adjusted for income or loss for the gap period. 

 9.11 Limitation on Allocation of Contributions. In the event the testing contemplated by this Section 9.11 is required for any Plan Year, this Section 9.11 shall apply. Notwithstanding
the foregoing provisions of this Article IX, in no event shall the actual contribution percentage (“ACP”, as defined below) of the Highly Compensated Employees (as defined in Section 2.20) who are Plan Participants for any Plan Year
exceed the greater of: 
  

	 	(a)	the contribution percentage of all other Participants for the current Plan Year multiplied by 1.25; or 

 

	 	(b)	the contribution percentage of all other Participants for the current Plan Year multiplied by 2.0; provided that the contribution percentage of the Highly Compensated
Employees does not exceed that of all other Participants for the current Plan Year by more than 2 percentage points. 

 The ACP of
a group of Participants for a Plan Year means the average of the actual contribution ratios (determined separately for each Participant in such group) of such group of Participants, where the actual contribution ratio for a Participant means the
ratio of: (i) the sum of Employer Matching Contributions (and, at the election of the Company, any Employer Matching Contributions to the extent not necessary for ADP testing purposes, or any qualified nonelective contributions
(“QNECs”) or qualified matching contributions (“QMACs”) made to the Plan on behalf of the Participant) and Participant After-Tax Contributions (and including any 401(k) Contributions that are taken into account pursuant to
Treasury Regulation Section 1.401(m)-2(a)(6)(ii)) allocated to such Participant for such Plan Year; to (ii) the Participant’s compensation, determined in accordance with Section 414(s) of the Code, for such Plan Year. Pursuant to
Treasury Regulation Section 1.401(m)-2(a)(6)(v), QNECs cannot be taken into account for an applicable year for a non-Highly Compensated Employee to the extent such contributions exceed the product of that non-Highly Compensated Employee’s
compensation and the greater of 5% and 2 times the plan’s representative contribution rate. Pursuant to Treasury Regulation Section 1.401(m)-2(a)(5)(ii), QMACs cannot be taken into account for a non-Highly Compensated Employee to the
extent the QMAC exceeds the greatest of (1) 5% of compensation, (2) the employee’s elective deferrals for a year, and (3) the product of 2 times the plan’s representative matching rate and the employee’s elective
deferrals for a year. For purposes of this Section 9.11, a Participant means any Employee who is eligible to receive Employer Matching Contributions or to make Participant After-Tax Contributions under the Plan. 

The Employer Matching Contributions allocated to and Participant After-Tax Contributions made by the Highly Compensated Employees will be reduced to the
extent necessary to meet the requirements of this Section 9.11. For Purposes of this Section 9.11, such Employer Matching 

  
 44 

 
Contributions and Participant After-Tax Contributions are collectively referred to as “Aggregate Contributions.” The reductions will occur in the following manner (and in accordance
with guidance set out by the IRS, including Notice 97-2): 
  

	 	(c)	The actual contribution ratio of the Highly Compensated Employee with the highest actual contribution ratio is reduced such that the actual contribution ratio is equal
the actual contribution ratio of the Highly Compensated Employee with the next highest actual contribution ratio, provided, if applicable, that the reduction of the actual contribution ratio will be no more than is necessary to satisfy the ACP test
indicated above. 

  

	 	(d)	The process of step (c) is repeated until the ACP test indicated above is satisfied. The total amount of excess Aggregate Contributions is equal to the sum of
these hypothetical reductions multiplied, in each case, by the Highly Compensated Employee’s compensation (as determined above). 

  

	 	(e)	The Aggregate Contributions of the Highly Compensated Employee with the highest dollar amount of Aggregate Contributions are reduced by the amount required to cause
that Highly Compensated Employee’s Aggregate Contributions to equal the dollar amount of the Aggregate Contributions of the Highly Compensated Employee with the next highest dollar amount of Aggregate Contributions. This amount is then
distributed as provided below to the applicable Highly Compensated Employee. However, if a lesser reduction, when added to the total dollar amount already distributed under this step, would equal the total excess Aggregate Contributions determined
under step (d), the lesser reduction amount is distributed. 

  

	 	(f)	If the total amount distributed in accordance with step (e) is less than the total excess Aggregate Contributions determined under step (d), step (e) is then
repeated. 

 If, because of the foregoing limitations, a portion of the Employer Matching Contributions
allocated to, or the After-Tax Contributions (and any applicable Employer Matching Contributions thereon) made by a Highly Compensated Employee may not be credited to his or her Account for a Plan Year, such portions of the After-Tax Contributions
and vested Employer Matching Contributions (and the earnings thereon) shall be distributed to such Employee within 2 1/2 months after the end of that Plan Year, but in no event later than the last day of the next following Plan
Year. Any such portions of the aforementioned Employer Matching Contributions that are not vested shall be forfeited. 
 For purposes of
the above ACP test, the actual contribution ratio of a Highly Compensated Employee will be determined by treating all plans subject to Code Section 401(m) under which the Highly Compensated Employee is eligible (other than those that may not be
permissively aggregated) as a single plan. 
 The provisions herein relating to the ACP test shall be administered in accordance with Code
Section 401(m) and the applicable regulations and guidance thereunder. 

  
 45 

 9.12 Qualified Separate Lines of Business. In the event that Plan testing described
in Sections 4.06 and 9.11 herein occurs on the basis of individual “qualified separate lines of business” (as defined in the Code), Participants who transfer from one separate line of business to another separate line of business will be
assigned to the “qualified separate line of business” in which they are employed on the last day of the applicable testing year for purposes of the testing described in Sections 4.06 and 9.11 herein. Furthermore, such Participants’
applicable total annual pay and total annual contributions will be included in the qualified separate line of business in which they are employed on the last day of the applicable testing year. 

ARTICLE X 

GENERAL PROVISIONS 
 10.01 Fiduciary Responsibilities. The Plan Administrator is a named fiduciary and the administrator of the Plan. The Investment Committee shall be the Plan’s named fiduciary with respect to
the selection of investment funds and all other matters pertaining to the investment and management of Plan assets. All conforming changes related to naming the Investment Committee as the named fiduciary for investment purposes shall be deemed to
have been made to this document to effect the purposes and intent of such change. 
 The Plan Administrator and the Investment Committee may
allocate fiduciary responsibilities among the fiduciaries named in the Plan or may designate other persons or entities other than named fiduciaries to carry out fiduciary responsibilities. 
 Any of the fiduciaries of the Plan may, by agreement among themselves, allocate specific responsibilities among themselves or delegate to other persons all or such portion of their fiduciary duties
hereunder, as they, in their sole discretion, shall decide, other than those granted to the Trustee under the Trust Agreement. The Company may purchase insurance to cover the potential liability of all persons who serve in a fiduciary capacity (as
defined in ERISA or the Plan) with regard to the Plan. 
 10.02 Fiduciary Liability. The Plan Administrator and members
of the Investment Committee shall use the degree of care, skill, prudence and diligence in carrying out their duties that a prudent man, acting in a like capacity and familiar with such matters, would use in his conduct of a similar situation.

 Except as provided in ERISA, in administering the Plan neither a person designated to act on behalf of the Plan Administrator, nor any member
of the Investment Committee, nor any Employer, nor any director, officer or employee thereof, shall be liable for any acts of omission or commission, except for his or its own individual, willful and intentional malfeasance or misfeasance and each
Employer, the officers, directors and employees of an Employer or the Company, and any member of the Investment Committee shall be entitled to rely conclusively on all tables, valuations, certificates, opinions and reports which shall be furnished
by any actuary, accountant, Trustee, insurance company, counsel or other expert who shall be employed or engaged by the Company, an Employer or the Investment Committee. 
 10.03 Administration of the Plan. 

  
 46 

 
The Company shall administer the Plan in accordance with its terms and shall have all the powers necessary to carry out the provisions of the Plan. The Company has 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 or to adjust Account balances or benefit payments in the event of overpayments or underpayments; and such determinations shall be binding on all parties. The Company from time to time may
adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are consistent with the terms of the Plan. The Company also, from time to time, may appoint such individuals to act as
the Company’s representatives as the Company considers necessary or desirable for the efficient administration of the Plan. The Company shall have no fiduciary responsibility relating to the selection of investment funds and all other matters
pertaining to the investment and management of Plan assets. 
 10.04 Investment Committee. The Investment Committee
initially will be comprised of the Senior Vice President and Chief Financial Officer of the Company, the Vice President - Treasurer of the Company, and the Vice President - Human Resources and Shared Services (or such other comparable officers of
the Company should the titles of the Company’s officers change). The Investment Committee shall operate in accordance with its charter adopted by it and as may be amended by it from time to time, which charter shall be incorporated into
the Plan by this reference. 
 10.05 Delegation. The Plan Administrator and the Investment Committee have the authority
to delegate any of their powers or duties to any other person. Any such person may further delegate its powers or duties to another person. Unless otherwise expressly provided, any delegation or subsequent delegation shall include the same full,
final and discretionary authority that the delegating party has and any decisions, actions or interpretations made by any delegate shall have the same ultimate binding effect as if made by the delegating entity. 

10.06 Employment of Agents. The Plan Administrator and the Investment Committee may employ such legal, medical, insurance,
accounting, actuarial or other experts as it deems necessary or desirable in its sole discretion, in carrying out the provisions of the Plan. 
 10.07 Action by Employers. Any action required or permitted to be taken by an Employing Unit under the Plan shall be by resolution of its board of directors or any duly authorized officer and any
delegates thereof. 
 10.08 Information Required by Company. Each person entitled to benefits under the Plan shall
furnish the Company, as Plan Administrator, with such documents, evidence, data or information as the Company considers necessary or desirable for the purpose of administering the Plan. The records of the Company as to an Employee’s or
Participant’s period of employment, service, Termination Date 

  
 47 

 
and reason therefor, leave of absence, reemployment and compensation/Deferral Pay will be conclusive on all persons unless determined to the Company’s satisfaction to be incorrect.

 10.09 Review of Benefit Determinations. The Company shall establish a benefits claim procedure. If a claim for
benefits is denied, the Company shall provide notice in writing to the Participant or Beneficiary, if appropriate, within 90 days after the claim is filed (plus an additional 90 days if special circumstances necessitate an extension). Such notice
shall explain the reasons for the denial, the Plan provisions on which the denial is based and any additional material or information needed to perfect the claim; and shall also set forth the procedure for requesting a review of the claim. Within 75
days of receiving this notice of denial, the Participant may submit a written request for review on appeal to the Plan Administrator. The Participant or Beneficiary, if appropriate, also shall be afforded the opportunity to review pertinent
documents on which the denial is based and to submit comments and address issues in writing. Within 60 days of receiving such a request for review (or within 120 days, if special circumstances necessitate an extension), the Company shall issue
written notice of its decision on the appeal, which notice shall set forth the specific reasons for the decision, including references to the pertinent Plan provisions on which the decision is based. Any claims relating to Disability will be
processed in accordance with the procedures described in the Plan’s summary plan description. No individual shall be permitted to file any lawsuit, either in law or equity, until after such individual has exhausted and complied with the claim
and appeal provisions herein. 
 10.10 Company’s Decision Final. Subject to applicable law, any interpretation of
the provisions of the Plan and any decisions on any matter made by the Company in good faith shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known and the Company shall make such adjustment
on account thereof as it considers equitable and practicable. The Company or its delegate shall have full discretion to determine eligibility for benefits or to interpret the Plan, resolve any disputes arising from Plan language and construe any
ambiguous or uncertain terms therein and make all other determinations necessary or advisable for the discharge of its duties under the Plan including but not limited to making findings of facts. As such, benefits will only be paid if the Company
determines that a person is entitled to them. Any such determination, interpretation, resolution or construction made by the Company in good faith shall be final and binding on all persons. 

10.11 Action by Company. Any action required or permitted to be taken by the Company under the Plan shall be by action of its
Board of Directors or its delegate or by any duly authorized officer or employee. 
 10.12 Waiver of Notice. Subject to
applicable law, any notice required under the Plan may be waived by the person entitled to such notice. 

  
 48 

 10.13 Gender and Number. Where the context admits, words in the masculine gender
shall include the feminine and neuter genders, the singular shall include the plural, and the plural shall include the singular. 
 10.14 Controlling Law. Except to the extent superseded by laws of the United States, the laws of Illinois shall be controlling in all matters relating to the Plan. 

10.15 Employment Rights. The Plan does not constitute a contract of employment, and participation in the Plan will not give any
Employee the right to be retained in the employ of an Employer, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan. 

10.16 Litigation by Participants. If a legal action begun against the Trustee, the Company or an Employer by or on behalf of any
person results adversely to that person, or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the cost to the Trustee, the Company or the Employer of defending the action will be charged
to the extent permitted by law to the sums, if any, which were involved in the action or were payable to the person concerned. 

10.17 Interests Not Transferable. The interests of persons entitled to benefits under the Plan are not subject to their debts or
other obligations and, except as may be required by the tax withholding provisions of the Code or any state’s income tax act or pursuant to a Qualified Domestic Relations Order as defined in Section 414(p) of the Code, may not be
voluntarily or involuntarily sold, transferred, alienated, assigned or encumbered. 
 10.18 Absence of Guaranty. The
Company does not in any way guarantee the Trust Fund from loss or depreciation. The liability of the Trustee, the Company or the Employers to make any payment under the Plan will be limited to the assets held by the Trustee that are available for
that purpose. 
 10.19 Evidence. Evidence required of anyone under the Plan may be by certificate, affidavit, document or
other information which the person acting on it considers pertinent and reliable, and signed, made or presented by the proper party or parties. 
 10.20 Indemnification. 

  
 49 

 
Each officer, director and employee of the Company who has been designated to carry out any fiduciary or administrative responsibility shall be indemnified by the Company against all expenses
(including costs and attorneys’ fees) actually and necessarily incurred or paid by that person in connection with the defense of any action, suit or proceeding in any way relating to or arising from the Plan to which that person may be made a
party by reason of his or her being or having been so designated or by reason of any action or omission or alleged action or omission by that person in such capacity, and against any amount or amounts which may be paid by that person (other than to
the Company) in reasonable settlement of such action, suit or proceeding, where it is in the interest of the Company that such settlement be made. In cases where such action, suit or proceeding shall proceed to final adjudication such
indemnification shall not extend to matters as to which it shall be adjudged that such officer, director or employee is liable for negligence or misconduct in the performance of his or her duties as such. The right of indemnification herein provided
shall not be exclusive of other rights to which any such officer, director or employee may now or hereafter be entitled, shall continue as to a person who has ceased to be so designated, and shall inure to the benefit of the heirs, executors and
administrators of such officer, director or employee. 
 10.21 Unclaimed Distributions. If, within five years after any
distribution becomes due to a Participant or Inactive Participant, the same shall not have been claimed, provided due and proper care shall have been exercised by the Trustee and the Employer in attempting to make such distribution, the amount
thereof shall be used to reduce Employer Contributions. Should a Participant or Inactive Participant, or Alternate Payee subsequently make proper claim for such amount, it will be paid to the Trust Fund by the Employer and distributed in accordance
with the terms of the Plan. 
 10.22 Plan Expenses. 

 

	 	(a)	All reasonable and proper expenses incurred in the administration of the Plan shall be paid from the Trust Fund, unless paid by the Company or the Employing Unit(s);
provided, however, the Company or the Employing Unit(s) may pay any of such expenses or reimburse the Trust Fund for any payment, or the Trust Fund may reimburse the Company or the Employing Unit(s) for any payment the Company or the Employing
Unit(s) has paid. The payment by the Company or the Employing Unit(s) of any particular expense for a Plan Year shall not be deemed an election to pay that or any other expense in that or any subsequent Plan Year. 

 

	 	(b)	 To the extent that expenses are paid from the Trust Fund, the Plan Administrator shall determine how such expenses are to be allocated. Without
limitation, expenses may be charged directly against individual Participant Accounts, against the assets of investment funds or as otherwise determined by the Plan Administrator. The Plan Administrator

  
 50 

	 	
is authorized to establish administrative fees which may be charged against a Participant’s Account. 

 

	 	(c)	Without limitation, (i) expenses may be paid from a clearing or other account, and may be accrued for, based on estimated expenses, against the Plan investment
funds or Participant Accounts during any period determined by the Plan Administrator, and paid as and when determined by the Plan Administrator, and (ii) amounts accrued during a Plan Year may be used to pay expenses incurred in a prior,
current or future Plan Year, and true-ups may be directed by the Plan Administrator from time to time if, to the extent it deems them necessary or desirable. 

 10.23 Disaster Relief. Notwithstanding any provision of the Plan to the contrary, the Plan shall be administered in accordance with the Katrina Emergency Tax Relief Act of 2005 and any related
authority promulgated by any United States administrative agency. 
 10.24 Statute of Limitations. After exhausting the
Plan’s administrative claim and appeal provisions, and except for claims relating to Disability, an individual wishing to bring a lawsuit in either state or federal court challenging a claim denial must commence the lawsuit no later than six
months after the individual receives a final denial letter indicating the individual has exhausted his or her administrative appeals and has the right to file a lawsuit. In addition to this six-month deadline that applies to filing a lawsuit
after the claims and appeals procedures are exhausted, a general time limitation shall apply to all lawsuits involving all types of Plan issues except for Disability-related claims. An individual must commence any such lawsuit
involving Plan claims no later than two years after the individual first receives information that constitutes a clear repudiation of the rights the individual is seeking to assert (i.e., the underlying event or issue that should have triggered
the individual’s awareness that his or her rights under the Plan may have been violated). Although any period of time when an individual’s claim is in the claims procedure described above (i.e., the time between when an individual
files a claim for benefits with the Plan Administrator and the time the individual receives a final determination letter from the Plan Administrator) does not count against the two-year period, once the claims procedure process is completed, the
two-year period will continue running from the point at which it was tolled. 
 Legal actions may be brought on a denied Disability claim no
later than one year after a final decision is rendered on a claim. 
 In order to raise an issue in any legal action related to a claim, an
individual must have clearly raised such issue during the claims and appeals procedure described above. 
 10.25
Mitigation. In order to mitigate any damages or other negative effects, individuals must always carefully review their account statements, confirmations, payroll records (e.g., for deductions and contributions made to the Plan) and any other
records relating to the Plan, and 

  
 51 

 
report any discrepancies or other concerns within 30 days of the date of the applicable record through the procedures discussed in the summary plan description. An individual must file a claim
under the Plan’s claim procedures if his or her concerns cannot be resolved within this time. Neither the Company, the Plan, the Plan Administrator, nor any of their agents or employees will be responsible for damages or other negative effects
caused by an individual’s failure to follow these requirements and procedures. 
 ARTICLE XI 

AMENDMENT AND TERMINATION 
 11.01 Amendment. While the Company expects and intends to continue the Plan, the Company reserves the right to amend the Plan (in accordance with the procedures set forth in Section 10.11)
from time to time, except as follows: 
  

	 	(a)	No amendment shall reduce the value of a Participant’s benefits to less than the amount he would be entitled to receive if he had resigned from the employ of all
of the Employers on the date of the amendment; and 

  

	 	(b)	Except as provided elsewhere in the Plan, under no condition shall an amendment result in the return or repayment to any Employer of any part of the Trust Fund or the
income from it or result in the distribution of the Trust Fund for the benefit of anyone other than persons entitled to benefits under the Plan. Notwithstanding the foregoing, the Company, or its delegate, shall have the duty and power revise the
Plan, Supplements, Exhibits or Appendices, as well as addenda or amendments thereto, to correct errors, including but not limited to scrivener’s errors, to the extent such correction is necessary to reflect the intent of the Plan; provided that
such correction shall be applied as if included in the original provisions. 

 11.02 Termination. The Plan
will terminate as to all Employers on any date specified by the Company (in accordance with the procedures set forth in Section 10.11). The Plan will terminate as to an individual Employer on the first to occur of the following: 

 

	 	(a)	The date it is terminated by that Employer (in accordance with the procedures set forth in Section 10.07) if 30 days’ advance written notice of the
termination is given to the Company, the Trustee and other Employers. 

  

	 	(b)	The date that Employer is judicially declared bankrupt or insolvent. 

  

	 	(c)	The date that either the Company completely discontinues contributions under the Plan on behalf of that Employer or that Employer completely discontinues contributions
under the Plan. 

  
 52 

	 	(d)	The dissolution, merger, consolidation or reorganization of that Employer, or the sale by the Company or that Employer of all or substantially all of that
Employer’s assets, except that: 

  

	 	(1)	in any such event, arrangements may be made with the consent of the Company whereby the Plan will be continued by any successor to that Employer or any purchaser of all
or substantially all of its assets, in which case the successor or purchaser will be substituted for that Employer under the Plan and the Trust Agreement; and 

 

	 	(2)	if an Employer is merged, dissolved, or in any other way reorganized into, or consolidated with, any other Employer, the Plan as applied to the former Employer will
automatically continue in effect without a termination thereof. 

 11.03 Vesting and Distribution on
Termination. On termination or partial termination of the Plan, the date of termination will be a “special accounting date” and, after all adjustments then required have been made, each affected Participant’s benefits will be
nonforfeitable and will be distributable to the Participant or his or her beneficiary in accordance with the provisions of Article VIII. 
 11.04 Notice of Amendment or Termination. Participants will be notified of an amendment or termination of the Plan in accordance with applicable law. 

11.05 Plan Merger, Consolidation, etc.. In the case of any merger or consolidation with, or transfer of assets or liabilities to,
any other plan, each Participant’s benefits if the Plan terminated immediately after such merger, consolidation or transfer shall be equal to or greater than the benefits he would have been entitled to receive if the Plan had terminated
immediately before the merger, consolidation or transfer. 
 ARTICLE XII 

SPECIAL RULES FOR TOP-HEAVY PLANS 
 12.01 Purpose and Effect. The purpose of this Article XII is to comply with the requirements of Section 416 of the Code. The provisions of this Article XII shall be effective for each Plan
Year in which the Plan is a “top-heavy plan” within the meaning of Section 416(g) of the Code. Notwithstanding anything to the contrary, the Plan shall be governed by the then in effect Code Section 416 in the event the Plan is a
“top-heavy plan” within the meaning of Code Section 416(g) for any given Plan Year. 
 12.02 Top-Heavy
Plan. 

  
 53 

	 	(a)	In general, the Plan will be a top-heavy plan for any Plan Year if, as of the last day of the preceding Plan Year (the “determination date”), the present
value of accrued benefits of Participants who are key employees (as defined in Section 416(i)(1) of the Code) to the present value of accrued benefits of all Participants exceeds 60% taking into account all distributions made during a 1-year
period ending on the most recent determination date and not taking into account any accrued benefit or Account balance of an individual who has not performed services for an Employer during a 1-year period ending on the determination date, except
that in the case of a distribution made for a reason other than severance from employment, death or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” 

 

	 	(b)	Distributions during year ending on the determination date. The present values of accrued benefits and the amounts of Account balances of an Employee as of the
determination date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the determination date. The
preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason
other than severance from employment, death, or Disability, this provision shall be applied by substituting “5-year period” for “1-year period.” 

 

	 	(c)	Employees not performing services during year ending on the determination date. The accrued benefits and Accounts of any individual who has not performed
services for an Employer during the 1-year period ending on the determination date shall not be taken into account. 

  

	 	(d)	Matching contributions. Employer Matching Contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of
Section 416(c)(2) of the Code and the Plan. The preceding sentence shall apply with respect to Employer Matching Contributions under the Plan or, if the Plan provides that the minimum contribution requirement shall be met in another plan, such
other plan. Employer Matching Contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of
Section 401(m) of the Code. 

 12.03 Key Employee.

  
 54 

 
Key employee means any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the determination date was an officer of an Employer having
annual compensation greater than $165,000 (as adjusted under Section 416(i)(1) of the Code), a 5-percent owner of an Employer, or a 1-percent owner of an Employer having annual compensation of more than $150,000. For this purpose, annual
compensation means compensation within the meaning of Section 415(c)(3) of the Code. In all cases, the determination of who is a key employee will be made in accordance with Section 416(i)(1) of the Code and the applicable regulations and
other guidance of general applicability issued thereunder. 
 12.04 Minimum Vesting. For any Plan Year in which the Plan
is a top-heavy plan, a Participant shall be 100% vested in his or her Employer Contributions after three years of Continuous Service. If the foregoing provisions of this Section 12.04 become effective, and the Plan subsequently ceases to be a
top-heavy plan, each Participant who has then completed three or more years of service may elect to continue to have the vested percentage of his or her Employer Contributions determined under the provisions of this Section 12.04. 

12.05 Minimum Employer Contribution. For any Plan Year in which the Plan is a top-heavy plan, the Employer contributions and
forfeitures, if any, credited to each Participant who is not a key employee shall not be less than 3 percent of such Participant’s Compensation for that year. In no event, however, shall the Employer Contribution credited in any year to a
Participant who is not a key employee exceed the maximum Employer Contribution credited in that year to a key employee (expressed as percentage of such key employee’s compensation). 

12.06 Aggregate of Plans. In accordance with Section 416(g)(2) of the Code, other plans maintained by the Employers may be
required or permitted to be aggregated with this Plan for purposes of determining whether the Plan is a top-heavy plan. 
 For purposes of
determining whether the Plan is a top-heavy plan for a particular Plan Year, the required aggregation group includes each plan of the Employer in which a key employee participates (in the Plan Year containing the determination date or any of the
four preceding Plan Years) and each other plan which enables any plan in which a key employee participates during the period tested to meet the requirements of Code Sections 401(a)(4) or 410(b). A permissive aggregation group consists of the plans
of the Employer that are required to be aggregated, plus one or more plans of the Employer that are not part of the required aggregation group but that satisfy the requirements of Code Sections 401(a)(4) and 410(b) when considered together with the
required aggregation group. 
 12.07 No Duplication of Benefits. If the Employers maintain more than one plan, the
minimum Employer Contribution otherwise required under Section 12.05 above may be reduced in accordance with 

  
 55 

 
regulations of the Secretary of the Treasury to prevent inappropriate duplication of minimum contributions or benefits. 
 12.08 Adjustment of Combined Benefit Limitations. To the extent required under applicable law only, for any Plan Year in which the Plan is a top-heavy plan, the determination of the defined
contribution plan fraction and defined benefit plan fraction in accordance with Section 415 of the Code and Section 1106 of the Tax Reform Act of 1986 shall be adjusted in accordance with the provisions of Section 416(h) of the Code.

 12.09 Use of Terms. All terms and provisions of the Plan shall apply to this Article XII, except that where the terms
and provisions of the Plan and this Article XII conflict, the terms and provisions of this Article XII shall govern. 

ARTICLE XIII 
 HEART ACT PROVISIONS 
 13.01 Death Benefits. Effective
January 1, 2007, notwithstanding any provision of the Plan to the contrary, in the case of a Participant who dies while performing Qualified Military Service (as defined in Code Section 414(u)), the Participant’s Beneficiary is
entitled to any additional benefits (other than benefit accruals relating to the period of qualified military service) provided under the Plan as if the Participant had resumed and then terminated employment on account of death. The Plan will credit
the Participant’s Qualified Military Service as service for purposes of vesting as though the Participant had resumed employment under the Uniformed Services Employment and Reemployment Rights Act (USERRA) immediately prior to the
Participant’s death. 
 13.02 Differential Wage Payments. Effective January 1, 2009, notwithstanding any
provision of the Plan to the contrary, (i) a Participant receiving a differential wage payment (as defined in Code Section 3401(h)(2)) shall be treated as an Employee, (ii) the differential wage payment shall be treated as
compensation for Code Section 415(c)(3) purposes and for Treasury Regulations Section 1.415-2(d) purposes, as well as for purposes of determining the Employer Contributions to which the Participant is entitled under the terms of the Plan,
and (iii) the Plan shall not be treated as failing to meet the requirements of any provision described in Code Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment.
Section 13.02(iii) will only apply to the extent allowed pursuant to Code Section 414(u)(12)(C). 
 13.03 Severance
From Employment. Effective January 1, 2009, notwithstanding any provision of the Plan to the contrary (including Section 13.02), for purposes of Code Section 401(k)(2)(B)(i)(I), a Participant

  
 56 

 
shall be treated as having been severed from employment during any period the Participant is performing service in the uniformed services described in Code Section 3401(h)(2)(A). If the
Participant chooses to take a distribution from the Plan by reason of the preceding sentence, the Participant shall not be able to make any elective deferral or employee contribution to the Plan during the 6-month period beginning on the date
of the distribution. To the extent the Participant requests a distribution pursuant to this Section 13.03 that also qualifies as a Qualified Reservist Distribution, the terms of the Plan providing for Qualified Reservist Distributions will
govern the distribution, and the 6-month suspension provided under Section 13.03 will not apply. 

  
 57 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement A - Electric Boat Corporation Employees Represented by IBEW Local 1186 

 

	A-1	Purpose, Superseding Provision. The purpose of this Supplement A is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement A Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement A Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	A-2	Safe Harbor. Effective January 1, 2013, for purposes of this Supplement A, the Plan is intended to satisfy certain design-based “safe harbor”
contribution and vesting requirements, as permitted under the Code and the Small Business Job Protection Act of 1996, with respect to matching contributions as described below. Section 4.06 of the Plan shall not apply to this Supplement A. The
provisions of Article IX of the Plan relating to ADP limits and testing shall not apply to this Supplement A to the extent such provisions would be inconsistent with the design-based “safe harbor” contribution and vesting requirements
discussed previously in this Paragraph A-2. 

  

	A-3	HSI Electric, Inc. In addition to the definition of “Continuous Service” set forth in Section 7.02(d) of the Plan, for a Supplement A Employee,
“employment with the Affiliated Group” shall include employment with HSI Electric, Inc. prior to the effective date of his or her employment with Electric Boat Corporation. 

 

	A-4	 Deferral Pay. Effective January 1, 2013, a Supplement A Employee’s Deferral Pay (also known as “401(k) Eligible Pay” for
such group) shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any
reduction for 401(k) Contributions, and prior to any reduction for deferrals of base pay under any other plan of deferred compensation or any flexible benefits, healthcare/dependent care spending accounts or cafeteria plan maintained by the Company
(e.g., plans qualified under Code Sections 132(f) or 125), as shown by the records of the Employing Unit or the Company, plus commissions, overtime, shift-differential or shift-premium, field differential or field premium (provided that these
payments are related to hours worked), vacation, sick and/or holiday pay, accrued vacation, sick and/or holiday pay paid after termination of employment that such a Supplement A Employee could have received if employment had continued, and cash
bonuses such as business unit and executive compensation awards, performance awards or spot bonus awards (including any related cash payments to cover taxes on such awards). Deferral Pay shall not include any equity awards or any other
equity-related compensation (or any income resulting therefrom), taxable income from the exercise of certain stock options, imputed income from life insurance or other health and welfare benefits, additional compensation for work performed outside
such a Supplement A Employee’s regularly scheduled tour of duty, expatriate related allowances and payments 

  
 58 

	 	
for living overseas, taxable fringe benefits and non-cash prizes (including any related cash payments to cover taxes thereon), severance, separation or supplemental unemployment benefit payments,
pay that is otherwise deferred under or paid from a non-qualified deferred compensation plan, business expense reimbursements or other expense allowances (unless paid under a non-accountable plan), reimbursement of taxable moving expenses or other
income that is imputed income or a tax gross-up relating to a move or relocation, taxable income from the distribution of excess 401(k) Contributions, hardship distributions, defaulted Plan loans, legal settlements of any kind or such other items of
remuneration as the Plan Administrator shall determine to be not related to the performance of personal services. No compensation shall be included as Deferral Pay pursuant to the preceding sentence unless reflected in an amendment to the Plan.
Deferral Pay shall not include annual compensation in excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto.

  

	A-5	Participant Contributions. Effective January 1, 2013, in accordance with Article IV of the Plan, a Supplement A Employee may elect to make 401(k)
Contributions, After-Tax Contributions and/or Roth elective deferrals in an amount equal to not less than one percent and not more than fifty percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement A
Employee’s 401(k) Contributions, Roth elective deferrals and After-Tax Contributions in the aggregate exceed fifty percent of his or her Deferral Pay. 

 In all cases and notwithstanding the foregoing, the Plan Administrator may from time to time change the limitations on the amount of 401(k) Contributions that may be made by a Highly Compensated Employee.

  

	A-6	Employer Matching Contributions. Effective January 1, 2013, the applicable safe harbor Employer Matching Contributions under Section 5.01 for
Supplement A Employees shall be 100 percent of the first 4 percent of Deferral Pay contributed by Supplement A Employees and 50 percent of the next 2 percent of Deferral Pay contributed by Supplement A Employees, and all such Employer Matching
Contributions shall be invested in accordance with Supplement A Employees’ investment elections. Employer Matching Contributions for a Supplement A Employee will be made on 401(k) Contributions first, any applicable Roth elective deferrals
second, after which any applicable After-Tax Contributions will be subject to such Employer Matching Contributions. 

  

	A-7	 Non-Contributory Retirement Contributions. Effective January 1, 2009, and in accordance with Section 5.02(c) of the Plan, the Company,
in its discretion, may annually contribute amounts to the Accounts of eligible Supplement A Employees (“Non-Contributory Contributions”). Such eligible Supplement A Employees will receive a proportionate share of such contributions based
on the following allocation formula: each such eligible Supplement A Employee’s 401(k) Eligible Pay that is determined in accordance with the applicable collective bargaining agreement over the total 401(k) Eligible Pay that is determined in
accordance with the applicable collective bargaining agreement of all Supplement A Employees eligible to receive a Non-Contributory     

  
 59 

	 	
Contribution. Notwithstanding the foregoing, only the 401(k) Eligible pay earned on and after the date such Supplement A Employees satisfy the eligibility criteria contained in this paragraph A-7
will be used in determining Non-Contributory Contributions. Such a Supplement A Employee is not eligible for Non-Contributory Contributions until such Supplement A Employee has reached age 21 and has one-year of service (which, for purposes of this
paragraph A-7, shall mean that such Supplement A Employees have worked for the Company for a consecutive 12-month period and have completed 1,000 Hours of Service). Furthermore, such a Supplement A Employee must have 1,000 Hours of Service for the
Plan Year to which the Non-Contributory Contributions in order to receive Non-Contributory Contributions. If made, such amounts will be credited to the Accounts of such Supplement A Employees who are not currently accruing credited service under the
terms of any defined benefit pension plan sponsored by the Company or any Employing Unit and who are actively employed by the Company on December 31 of the year to which Non-Contributory Contributions relate. For purposes of the preceding
sentence, such Supplement A Employees who are on furlough, short-term disability, Workers’ Compensation leave, FMLA leave, or on any paid leave of absence shall also be treated as being “actively employed” and such Supplement A
Employees on other forms of leave, long-term disability or layoff shall not be treated as “actively employed.” However, Supplement A Employees who retire at age 65 or after, die or incur a Disability during the Plan Year may be eligible
for prorated Non-Contributory Contributions as determined by the Plan Administrator. Such Supplement A Employees that transferred employment from any employing unit of the Company may only be eligible for a partial Non-Contributory Contribution in
the year that they transfer (provided the foregoing eligibility criteria are met), based on when credited service stops accruing under any defined benefit pension plan as determined by the Plan Administrator and/or based on the date of transfer.
Thereafter and if all eligibility criteria for receiving Non-Contributory Contributions are met, such employees described in the preceding sentence may be eligible for unprorated Non-Contributory Contributions. Alternate payees, designated
Beneficiaries, such Supplement A Employees who are deceased before such December 31 (except as otherwise provided in this paragraph A-7), and, consistent with Section 1.03 of the Plan and except as may otherwise be explicitly provided, any
individuals that became or become employees of the Company by reason of a corporate acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. Former Supplement A Employees
that transferred employment to any employing unit of the Company may be eligible for a prorated Non-Contributory Contribution for the time spent as Supplement A Employees during the Plan Year (provided the foregoing eligibility criteria are met) as
determined by the Plan Administrator. 

 The timing and determination of such Non-Contributory Contributions shall
be made at the sole discretion of the Plan Administrator and need not be the same for such Supplement A Employees working at different facilities of the Employing Unit. Notwithstanding anything to the contrary, such Supplement A Employees shall
become fully vested in their Non-Contributory Contributions and earnings thereon upon the completion of three years of Continuous Service. 

  
 60 

 Notwithstanding anything in this Supplement A to the contrary, no Supplement A Employee
hired on or after July 15, 2011 shall be eligible to receive Non-Contributory Contributions. Notwithstanding the foregoing, Supplement A Employees will no longer be eligible for Non-Contributory Contributions beginning with the 2013 Plan Year.

  

	A-8	Vesting. Supplement A Employees shall be fully vested in all Employer Matching Contributions made on or after January 1, 2013, and earnings thereon.

  

	A-9	Loans and In-Service Withdrawals. A Supplement A Employee may obtain a loan in accordance with the rules set forth in Section 8.11. In addition to the
exceptions listed in Section 8.13 with regard to In-Service Withdrawals, the following exception shall also apply to Supplement A Employees: 

 (c) After-Tax Contributions and related non-safe harbor Employer Matching Contributions, provided that such contributions shall be available for in-service withdrawal if (i) such contributions have
remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or (ii) the Supplement A Employee has participated in the Plan (or in any such plan referenced in Section 3.06) for at least five years (in the
aggregate among such plans) on the date the withdrawal is requested and made. 

  
 61 

 Exhibit A to Supplement A 

 

			
	Employing Units	  	Effective Date
		
	 Electric Boat Corporation

(employees represented by IBEW Local 1186)
	  	January 1, 2009

  
 62 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement B - For Certain Employees of General Dynamics Armament and Technical Products, Inc. and the former General
Dynamics Defense Systems, Inc. 
  

	B-1	Purpose, Superseding Provision. The purpose of this Supplement B is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement B Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement B Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	B-2	Deferral Pay. A Supplement B Employee’s “Deferral Pay” shall mean his annual base pay, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of
deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but also including overtime, shift premium, holiday and vacation pay, continuation payments, commissions and other variable rate
compensation plan payments, rate guarantees and, for employees at the maximum of their pay ranges, lump-sum merit payments instead of pay increases. Deferral Pay shall not include bonuses, payments under the General Dynamics Corporation Equity
Compensation Plan or the Incentive Compensation Plan of General Dynamics Corporation or any other type of incentive compensation, severance pay, relocation pay, lump-sum payments in lieu of vacation pay, before tax contributions under a cafeteria or
flexible benefits plan, or other special pay. Other compensation of a Supplement B Employee shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the
Employing Unit in which the Supplement B Employee is employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013,
Deferral Pay shall not include annual compensation in excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto.

  

	B-3	 Participant 401(k) Contributions. In accordance with Section 4.01 of the Plan, a Supplement B Employee may elect to make 401(k)
Contributions in an amount equal to not less than one percent nor more than 15 percent (in multiples of one percent) of his or her Deferral Pay. However, Supplement B Employees that are based out of the Employing Unit’s Burlington, Vermont,
Lincoln, Nebraska or Springboro, Ohio locations may make 401(k) Contributions in an amount equal to not less than one percent nor more than 50 percent (in multiples of one percent) of his or her Deferral Pay. In accordance with Section 4.01 of
the Plan, a Supplement B Employee that is a Highly Compensated 

  
 63 

	 	
Employee may elect to make 401(k) Contributions equal to not less than one percent nor more than 15 percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the
foregoing, the Plan Administrator may from time to time impose limitations on the 401(k) Contributions that may be made by Highly Compensated Employees. 

  

	B-4	Employer Matching Contributions. Except as otherwise provided herein, the applicable percentage of Employer Matching Contributions under Section 5.01 of the
Plan shall be 50 percent of the first 7 percent of the 401(k) Contributions made by Supplement B Employees. Supplement B Employees that are represented by the Union of Needletrades, Industrial and Textile Employees, AFL-CIO-CLC will not be
eligible for such Employer Matching Contributions until November 1, 2007, at which time Employer Matching Contributions will be made in an amount equal to 25 percent of the first 7 percent of the 401(k) Contributions made by such Supplement B
Employees. Effective January 1, 2011, for Supplement B Employees that are represented by the Union of Needletrades, Industrial and Textile Employees, AFL-CIO-CLC, the applicable percentage of Employer Matching Contributions under
Section 5.01 shall be 50 percent of the first 7 percent of the 401(k) Contributions made by such Supplement B Employees. All Employer Matching Contributions for Supplement B Employees that are represented by the Union of Needletrades,
Industrial and Textile Employees, AFL-CIO-CLC, will be invested in the General Dynamics Stock Fund until invested otherwise by the Participant among the Plan’s other investment funds. 

Effective January 1, 2013, for Supplement B Employees of the Employing Unit’s Springboro, Ohio facility, Employer Matching
Contributions shall be made annually after the end of the Plan Year, and the applicable percentage of Employer Matching Contributions under Section 5.01 of the Plan will be 50 percent of the first 3 percent of the 401(k) Contributions made by
such Supplement B Employees working for the Employing Unit’s Springboro, Ohio facility during such Plan Year. In order to receive such matching contributions, such Supplement B Employees of the Employing Unit’s Springboro, Ohio facility
must have completed at least 1,000 Hours of Service in the Plan Year to which the Employer Matching Contributions relate, and must be actively employed by the Company on December 31 of the Plan Year to which such Employer Matching Contributions
relate. Notwithstanding the foregoing, Supplement B Employees of the Employing Unit’s Springboro, Ohio facility will not be eligible for Employer Matching Contributions until such Supplement B Employee has six months of service. 

 

	B-5	 Non-Contributory Retirement Contributions. Effective February 1, 2006, in accordance with Section 5.02(c) of the Plan, the Company, in
its discretion, may annually contribute amounts to the Accounts of certain of the Employing Unit’s Lincoln, Nebraska Supplement B Employees, effective January 1, 2009, certain of the Employing Unit’s Marion, Virginia Supplement B
Employees hired on or after January 1, 2009, and effective January 1, 2012, certain of the Employing Unit’s Burlington, Vermont Supplement B Employees hired on or after January 1, 2012 (“Non-Contributory
Contributions”). Such eligible Supplement B Employees of the Employing Unit’s Lincoln, Nebraska facility will receive a proportionate share of such contributions based on the following allocation formula: each such eligible Supplement B
Employee’s base 

  
 64 

	 	
hourly rate that is determined in accordance with the applicable collective bargaining agreement over the total base hourly rate that is determined in accordance with the applicable collective
bargaining agreement of all Supplement B Employees of the Employing Unit’s Lincoln, Nebraska facility eligible to receive a Non-Contributory Contribution. Such eligible Supplement B Employees of the Employing Unit’s Marion, Virginia
facility will receive a proportionate share of such contributions based on the following allocation formula: each such eligible Supplement B Employee’s base hourly rate that is determined in accordance with the applicable collective bargaining
agreement over the total base hourly rate that is determined in accordance with the applicable collective bargaining agreement of all Supplement B Employees of the Employing Unit’s Marion, Virginia facility eligible to receive a
Non-Contributory Contribution. Such eligible Supplement B Employees of the Employing Unit’s Burlington, Vermont facility will receive a proportionate share of such contributions based on the following allocation formula: each such eligible
Supplement B Employee’s actual base pay received from the Employing Unit that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan over the total actual base pay received from the Employing Unit
of all Supplement B Employees of the Employing Unit’s Burlington, Vermont facility eligible to receive a Non-Contributory Contribution that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan.
If made, such amounts will be credited to the Accounts of all such Supplement B Employees who are not currently accruing credited service under the terms of any defined benefit pension plan sponsored by the Company or any Employing Unit and who are
actively employed by the Company on December 31 of the year to which Non-Contributory Contributions relate. For purposes of the preceding sentence, such Supplement B Employees who are on furlough, short-term disability, Workers’
Compensation leave, Family and Medical Leave Act leave, or on any paid leave of absence shall also be treated as being “actively employed” and such Supplement B Employees on other forms of leave, long-term disability or layoff shall not be
treated as “actively employed.” Alternate Payees, designated Beneficiaries, such Supplement B Employees who are deceased before such December 31, and, consistent with Section 1.03 of the Plan and except as may otherwise be
explicitly provided, any individuals that became or become employees of the Company by reason of a corporate acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. Such
Supplement B Employees that transferred employment from any employing unit of the Company may only be eligible for a partial Non-Contributory Contribution in the year that they transfer (provided the foregoing eligibility criteria are met), based on
when credited service stops accruing under any defined benefit pension plan as determined by the Plan Administrator and/or based on the date of transfer. Thereafter and if all eligibility criteria for receiving Non-Contributory Contributions are
met, such employees described in the preceding sentence may be eligible for unprorated Non-Contributory Contributions. If a Supplement B Employee that is eligible for contributions under this paragraph B-5 leaves the employment of the Company and is
rehired within a year (including the anniversary date of such leave) by the Company, such a Supplement B Employee will retain his eligibility for benefits under this paragraph B-5 as of his original hire date (subject to all conditions and
requirements of this paragraph B-5). If a Supplement B Employee that is eligible for contributions 

  
 65 

	 	
under this paragraph B-5 leaves the employment of the Company and is rehired after a period greater than a year, such a Supplement B Employee will be treated as a new hire for purposes of
determining their Non-Contributory Contributions (if any). Former Supplement B Employees that transferred employment to any employing unit of the Company may be eligible for a prorated Non-Contributory Contribution for the time spent as a Supplement
B Employee during the Plan Year (provided the foregoing eligibility criteria are met) as determined by the Plan Administrator. 

 The timing and determination of such Non-Contributory Contributions shall be made at the sole discretion of the Plan Administrator and need not be the same for such Supplement B Employees hired on or
after February 1, 1998. Notwithstanding anything to the contrary, such Supplement B Employees shall become fully vested in their Non-Contributory Contributions and earnings thereon upon the completion of three years of Continuous Service.

 In the first quarter of 2013, the Company, in its discretion, may make a one-time discretionary contribution to Supplement B
Employees of the Employing Unit’s Springboro, Ohio facility who were actively contributing to their prior employer’s 401(k) plan immediately preceding the acquisition based on the estimated amount of employer matching contributions such
Supplement B Employees would have received from August 27, 2012 to December 31, 2012 under the applicable 401(k) plan of the employer from whom such Supplement B Employees were acquired. Such one-time discretionary contributions made
pursuant to the preceding sentence will vest in accordance with paragraph B-6. 
  

	B-6	Vesting. Except as otherwise provided, all Supplement B Employees employed by the Employing Unit on and after January 1, 2002 shall be fully vested in all
Employer Contributions and earnings thereon upon the completion of three years of Continuous Service. Effective November 1, 2007, Supplement B Employees that are represented by the Union of Needletrades, Industrial and Textile Employees,
AFL-CIO-CLC, will be vested in all Employer Contributions and earnings thereon upon the completion of the number of years of Continuous Service as follows: 

 

					
	 Years of Continuous Service
	  	Vested Percentage	 
	 1
	  	 	20	% 
	 2
	  	 	40	% 
	 3
	  	 	60	% 
	 4
	  	 	80	% 
	 5
	  	 	100	% 

 Notwithstanding the foregoing, Supplement B Employees of the Employing Unit’s Springboro, Ohio
facility will be vested in all Employer Contributions and earnings thereon upon the completion of the number of years of Continuous Service as follows: 

  
 66 

					
	 Years of Continuous Service
	  	Vested Percentage	 
	 1
	  	 	20	% 
	 2
	  	 	40	% 
	 3
	  	 	60	% 
	 4
	  	 	80	% 
	 5
	  	 	100	% 

  

	B-7	ATP. This Paragraph B-7 shall apply to those Supplement B Employees who were employed by Advanced Technical Products, Inc. and who were transferred to the
Company pursuant to the Agreement and Plan of Merger dated as of May 2, 2002 among General Dynamics Corporation, Athena Acquisition I Corporation and Advanced Technical Products, Inc. Effective as of May 1, 2003, only such Supplement B
Employees who are covered by (1) the Agreement between Lincoln Composites Aerospace and Defense Division of Advanced Technical Products, Inc., Lincoln, Nebraska, and District Local Lodge No. 31 of the Machinists and Aerospace Workers
AFL-CIO dated February 3, 2001 to February 5, 2006; (2) the Agreement between Lincoln Composites, a division of Advanced Technical Products, Inc., Lincoln, Nebraska and Local Lodge No. 31 of the International Association of
Machinists and Aerospace Workers AFL-CIO, Commercial Business, dated October 1, 2001 to January 30, 2005; and (3) the Labor Agreement between Marion Composites, Marion, Virginia and Local No. 1 United Defense Workers of America,
dated April 17, 2002-April 11, 2005 shall be eligible to participate in the Plan. In addition to the definition of “Continuous Service” set forth in Section 7.02(d) of the Plan, for a Supplement B Employee, “employment
with the Affiliated Group” shall include employment with Advanced Technical Products, Inc. prior to the effective date of their transfer to the Company. Moreover, notwithstanding Paragraph B-6, such Supplement B Employees who were employed by
the former Advanced Technical Products, Inc. group of General Dynamics Armament and Technical Products, Inc. on or before April 30, 2003, shall at all times be fully vested in all Employer Contributions and earnings thereon credited to their
Accounts, and all other such Supplement B Employees employed by the former Advanced Technical Products, Inc. group of General Dynamics Armament and Technical Products, Inc. on or after May 1, 2003 shall be fully vested in all Employer
Contributions and earnings thereon credited to their Accounts upon the completion of 3 years of Continuous Service. 

  

	B-8	Springboro Facility. Effective January 1, 2013, Employees of the Employing Unit’s Springboro, Ohio facility shall be eligible to participate in the
Plan. In addition to the definition of “Continuous Service” set forth in Section 7.02(d) of the Plan, for Supplement B Employees of the Employing Unit’s Springboro, Ohio facility, “Continuous Service” shall also include
service earned by such Supplement B Employees at the Springboro, Ohio facility prior to the Employing Unit’s acquisition of the Springboro, Ohio facility. 

 

	B-9	 Automatic Enrollment. For Supplement B Employees of the Employing Unit’s

  
 67 

	 	
Springboro, Ohio facility, the automatic enrollment and automatic contribution provisions of Sections 3.01 and 4.01 of the Plan shall only apply to such Supplement B Employees hired on or after
January 1, 2013. 

  
 68 

 Exhibit A to Supplement B 

 

			
	Employing Units	  	Effective Date
		
	General Dynamics Armament and Technical Products, Inc. (formerly known as General Dynamics Armament Systems, Inc.) (represented employees)	  	February 1, 1997

  
 69 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement C - Bath Iron Works Corporation 
  

	C-1	Purpose, Superseding Provision. The purpose of this Supplement C is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement C Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement C Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	C-2	Deferral Pay. A Supplement C Employee’s “Deferral Pay” shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of
deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but shall not include overtime pay, shift premium or any similar remuneration, payments under the General Dynamics Equity Compensation
Plan or the Incentive Compensation Plan of General Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary increases, expense or living allowances, disability benefits, royalties or payments of like
nature. Payments under any other incentive compensation plan, bonuses and commissions paid to a Supplement C Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules prescribed by
it, to be part of regular compensation. Any other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in which the
Supplement C Employee is employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include
annual compensation in excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

 

	C-3	Participant 401(k) Contributions. A Supplement C Employee may elect to make 401(k) Contributions in an amount equal to not less than one percent nor more than
fifty percent (in multiples of one percent) of his or her Deferral Pay. 

 A Supplement C Employee who is a Highly
Compensated Employee may elect to make 401(k) Contributions in an amount equal to up to ten percent of his or her Deferral Pay. Notwithstanding the foregoing, the Plan Administrator may from time to time change the limitations on the amount of
401(k) Contributions that may be made by a Highly Compensated Employee. 

  
 70 

	C-4	Employer Matching Contributions. For Supplement C Employees who are members of Local S6, the Employer Matching Contribution rate shall be 35% of 401(k)
Contributions, up to the first 5% of Deferral Pay. 

 For Supplement C Employees who are members of Local S7, the
Employer Matching Contribution rate shall be 20% of 401(k) Contributions, up to the first 5% of Deferral Pay. Effective January 1, 2011, for Supplement C Employees who are members of Local S7, the Employer Matching Contribution rate shall be
25% of 401(k) Contributions, up to the first 5% of Deferral Pay. Effective January 1, 2012, for Supplement C Employees who are members of Local S7, the Employer Matching Contribution rate shall be 30% of 401(k) Contributions, up to the first 5%
of Deferral Pay. Effective January 1, 2013, for Supplement C Employees who are members of Local S7, the Employer Matching Contribution rate shall be 35% of 401(k) Contributions, up to the first 5% of Deferral Pay. 

Effective January 1, 2013, for Supplement C Employees who are members of BMDA, the Employer Matching Contribution rate shall be 55%
of 401(k) Contributions up to the first 5% of Deferral Pay. 
 Effective for the first pay date in July of 2009, for Supplement C
Employees who are IGA union members, the Employer Matching Contribution shall be 60% of 401(k) Contributions, up to the first 5% of Deferral Pay. Effective for the first pay date on or after March 1, 2013, for Supplement C Employees who are IGA
union members, the Employer Matching Contribution shall be 75% of 401(k) Contributions, up to the first 5% of Deferral Pay. 
  

	C-5	Investment Fund Elections. Notwithstanding Section 6.02 of the Plan, Employer Matching Contributions made to the Plan on behalf of a Supplement C Employee
shall not be invested automatically in the General Dynamics Stock Fund, but instead shall be invested in accordance with the investment elections of that Supplement C Employee. 

 

	C-6	Vesting. Supplement C Employees shall be fully vested in all Employer Contributions and earnings thereon upon the completion of three years of Continuous
Service. Notwithstanding the foregoing, effective beginning with the first pay date on or after March 1, 2013, Supplement C Employees who are IGA union members shall be fully vested in all Employer Matching Contributions.

  

	C-7	Automatic Enrollment. The automatic enrollment and automatic contribution provisions of Sections 3.01 and 4.01 of the Plan shall not apply to Supplement C
Employees who are members of Local S6. Notwithstanding the foregoing, the automatic enrollment and automatic contribution provisions of Sections 3.01 and 4.01 of the Plan shall apply to Supplement C Employees who are members of Local S6 that are
hired or rehired (but not recalled from a layoff) on or after July 1, 2012. 

  
 71 

 Exhibit A to Supplement C 

 

			
	Employing Units	  	Effective Date
		
	 Bath Iron Works Corporation

(represented employees)
	  	January 1, 1998
		
	 Consisting of:
	  	
		
	 Industrial Union of Marine and Shipbuilding Workers of America, District Lodge 4 International Association of Machinists and Aerospace Workers,
AFL-CIO and its Local Lodge S6 (“Local S6”)
	  	January 1, 1998
		
	 Industrial Union of Marine and Shipbuilding Workers of America, District Lodge 4 International Association of Machinists and Aerospace Workers,
AFL-CIO and its Local Lodge S7 (“Local S7”)
	  	January 1, 1998
		
	 Independent Guards Association (“IGA”)
	  	January 1, 1998
		
	 Bath Marine Draftsmen’s Association Local 3999, UAW (“BMDA”)
	  	June 1, 1998

  
 72 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement D - General Dynamics Advanced Information Systems, Inc. 

 

	D-1	Purpose, Superseding Provision. The purpose of this Supplement D is to provide certain Plan provisions for those Eligible Employees of the Employing Unit listed
in Exhibit A to this Supplement (the “Supplement D Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement D Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	D-2	Deferral Pay. For Supplement D Employees who were formerly part of General Dynamics Advanced Technology Systems, Inc., “Deferral Pay” shall mean his or
her annual base salary, up to the equivalent of 2,080 hours of pay, where applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions,
and prior to reduction for deferrals of base salary under any other plan of deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but shall not include overtime pay, shift premium or any
similar remuneration including payments under the General Dynamics Equity Compensation Plan or the Incentive Compensation Plan of General Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary
increases, expense or living allowances, disability benefits, royalties or payments of like nature. 

 For
Supplement D Employees who were formerly part of General Dynamics Defense Systems, Inc., “Deferral Pay” shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where applicable (or 2,120 hours of pay in years
when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of deferred compensation maintained by the
Company, as shown by the records of the Employing Unit or the Company, but also including overtime, shift premium, holiday and vacation pay, continuation payments, commissions and other variable rate compensation plan payments, rate guarantees and,
for employees at the maximum of their pay ranges, lump-sum merit payments instead of pay increases. Deferral Pay shall not include bonuses, payments under the General Dynamics Equity Compensation Plan or the Incentive Compensation Plan of
General Dynamics Corporation or any other type of incentive compensation, severance pay, relocation pay, lump-sum payments in lieu of vacation pay, before tax contributions under a cafeteria or flexible benefits plan, or other special pay.

 For all Supplement D Employees, payments under any other incentive compensation plan, bonuses and commissions paid to a
Supplement D Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules prescribed by it, to be part of regular compensation. Any other compensation shall

  
 73 

 
be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in which the Supplement D Employee
is employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in
excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

 

	D-3	Participant 401(k) Contributions. Subject to the limitations of the Plan, a Supplement D Employee may elect to make 401(k) Contributions in an amount equal to
not less than one percent nor more than 15 percent (in multiples of one percent) of his or her Deferral Pay. Supplement D Employees aligned with the former General Dynamics Defense Systems, Inc. may elect to make 401(k) Contributions in an amount
equal to not less than one percent nor more than 50 percent (in multiples of one percent) of their Deferral Pay. Notwithstanding the foregoing, the Plan Administrator may from time to time impose limitations on the 401(k) Contributions that may be
made by a Highly Compensated Employee. 

  

	D-4	Employer Matching Contributions. Subject to the limitations of the Plan, Supplement D Employees who were formerly a part of General Dynamics Advanced Technology
Systems, Inc. shall receive matching contributions in an amount equal to 75 percent of their 401(k) Contributions, up to the first 6 percent of Deferral Pay. 

 Subject to the limitations of the Plan, Supplement D Employees who were formerly a part of General Dynamics Defense Systems, Inc. shall receive matching contributions in an amount equal to 50 percent of
their 401(k) Contributions, up to the first 7 percent of Deferral Pay. 
  

	D-5	 Non-Contributory Retirement Contributions. Effective January 1, 2012, in accordance with Section 5.02(c) of the Plan, the Company, in
its discretion, may annually contribute amounts to the Accounts of certain of the Employing Unit’s Greensboro, North Carolina Supplement D Employees hired on or after January 1, 2012, and certain of the Employing Unit’s Pittsfield,
Massachusetts Supplement D Employees hired on or after January 1, 2012 (“Non-Contributory Contributions”). Such eligible Supplement D Employees of the Employing Unit’s Greensboro, North Carolina facility will receive a
proportionate share of such contributions based on the following allocation formula: each such eligible Supplement D Employee’s actual base pay received from the Employing Unit that would otherwise have been pensionable under the Employing
Unit’s applicable defined benefit plan over the total actual base pay received from the Employing Unit of all Supplement D Employees of the Employing Unit’s Greensboro, North Carolina facility eligible to receive a Non-Contributory
Contribution that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan. Such eligible Supplement D Employees of the Employing Unit’s Pittsfield, Massachusetts facility will receive a
proportionate share of such contributions based on the following allocation formula: each such eligible Supplement D Employee’s actual base pay received from the Employing Unit that would otherwise have been pensionable under the Employing
Unit’s applicable     

  
 74 

	 	
defined benefit plan over the total actual base pay received from the Employing Unit of all Supplement D Employees of the Employing Unit’s Pittsfield, Massachusetts facility eligible to
receive a Non-Contributory Contribution that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan. If made, such amounts will be credited to the Accounts of all such Supplement D Employees who are not
currently accruing credited service under the terms of any defined benefit pension plan sponsored by the Company or any Employing Unit and who are actively employed by the Company on December 31 of the year to which Non-Contributory
Contributions relate. For purposes of the preceding sentence, such Supplement D Employees who are on furlough, short-term disability, Workers’ Compensation leave, Family and Medical Leave Act leave, or on any paid leave of absence shall also be
treated as being “actively employed” and such Supplement D Employees on other forms of leave, long-term disability or layoff shall not be treated as “actively employed.” Alternate Payees, designated Beneficiaries, such Supplement
D Employees who are deceased before such December 31, and, consistent with Section 1.03 of the Plan and except as may otherwise be explicitly provided, any individuals that became or become employees of the Company by reason of a corporate
acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. Such Supplement D Employees that transferred employment from any employing unit of the Company may only be eligible
for a partial Non-Contributory Contribution in the year that they transfer (provided the foregoing eligibility criteria are met), based on when credited service stops accruing under any defined benefit pension plan as determined by the Plan
Administrator and/or based on the date of transfer. Thereafter and if all eligibility criteria for receiving Non-Contributory Contributions are met, such employees described in the preceding sentence may be eligible for unprorated Non-Contributory
Contributions. If a Supplement D Employee that is eligible for contributions under this paragraph D-5 leaves the employment of the Company and is rehired within a year (including the anniversary date of such leave) by the Company, such a Supplement
D Employee will retain his eligibility for benefits under this paragraph D-5 as of his original hire date (subject to all conditions and requirements of this paragraph D-5). If a Supplement D Employee that is eligible for contributions under this
paragraph D-5 leaves the employment of the Company and is rehired after a period greater than a year, such a Supplement D Employee will be treated as a new hire for purposes of determining their Non-Contributory Contributions (if any). Former
Supplement D Employees that transferred employment to any employing unit of the Company may be eligible for a prorated Non-Contributory Contribution for the time spent as a Supplement D Employee during the Plan Year (provided the foregoing
eligibility criteria are met) as determined by the Plan Administrator. 

 The timing and determination of such
Non-Contributory Contributions shall be made at the sole discretion of the Plan Administrator and need not be the same for such Supplement D Employees hired on or after February 1, 1998. Notwithstanding anything to the contrary, such Supplement
D Employees shall become fully vested in their Non-Contributory Contributions and earnings thereon upon the completion of three years of Continuous Service. 

  
 75 

	D-6	Investment Fund Elections. Employer Matching Contributions made to the Plan on behalf of a Supplement D Employee shall be invested according to such
employees’ investment elections. 

  

	D-7	Loans and In-Service Withdrawals. A Supplement D Employee who was formerly a part of General Dynamics Advanced Technology Systems, Inc. may obtain a loan or an
in-service withdrawal described in Section 8.13 from the Plan in accordance with the rules set forth in Sections 8.11 and 8.13. 

  

	D-8	Vesting. Supplement D Employees shall be fully vested in all Employer Contributions and earnings thereon upon the completion of three years of Continuous
Service. 

  
 76 

 Exhibit A to Supplement D 

 

					
	Employing Units	  	Effective Date
		
	 General Dynamics Advanced Information Systems, Inc.
 (represented employees)
	  	January 1, 2003
			
		 	Consisting of:	  	
			
		 	AIS Greensboro (the former General Dynamics Advanced Technology Systems, Inc. (hourly and salaried occupational employees and excluding employees of its cable laying
business))	  	January 1, 2003
			
		 	AIS Pittsfield (the former General Dynamics Defense Systems, Inc.)	  	January 1, 2003

  
 77 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement E - For UAW Employees of GDLS Muskegon Operations 

 

	E-1	Purpose, Superseding Provision. The purpose of this Supplement E is to provide for certain Plan provisions for those eligible hourly Employees of the Employing
Units listed in Exhibit A to this Supplement (the “Supplement E Employees”). This Supplement forms part of the Plan to which it is attached, and its terms shall supersede other provisions of the Plan to the extent such provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement E Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	E-2	Deferral Pay. A Supplement G Employee’s “Deferral Pay” shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of
deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but shall not include overtime, payments under the General Dynamics Equity Compensation Plan or the Incentive Compensation Plan of General
Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary increases, expense or living allowances, disability benefits, royalties or payments of like nature. Payments under any other incentive
compensation plan, bonuses and commissions paid to a Supplement E Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules prescribed by it, to be part of regular compensation. Any
other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in which the Supplement E Employee is employed. No compensation
shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in excess of $255,000 per year,
or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

  

	E-3	Participant Contributions. In accordance with Section 4.01 of the Plan, a Supplement E Employee may elect to make 401(k) Contributions in an amount equal to
not less than one percent and not more than 15 percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the foregoing, the Plan Administrator may from time to time impose limitations on the amount of 401(k) Contributions
that may be made by a Highly Compensated Employee. 

  

	E-4	Employer Matching Contributions. Supplement E Employees shall be eligible to receive Employer Matching Contributions at the rate of 100% of 401(k) Contributions,
up to the first 3% of Deferral Pay. 

  

	E-5	Vesting. All Supplement E Employees shall be fully vested in all Employer Contributions and earnings thereon. 

  
 78 

 Exhibit A to Supplement E 

 

			
	Employing Units	  	Effective Date
		
	GDLS Muskegon Operations - International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW)	  	April 1, 2000

  
 79 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement F - For UAW Employees of GDLS 
  

	F-1	Purpose, Superseding Provision. The purpose of this Supplement F is to provide for certain Plan provisions for those eligible hourly Employees of the Employing
Units listed in Exhibit A to this Supplement (the “Supplement F Employees”). This Supplement forms part of the Plan to which it is attached, and its terms shall supersede other provisions of the Plan to the extent such provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement F Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	F-2	Deferral Pay. A Supplement F Employee’s “Deferral Pay” shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of
deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but shall not include overtime, payments under the General Dynamics Equity Compensation Plan or the Incentive Compensation Plan of General
Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary increases, expense or living allowances, disability benefits, royalties or payments of like nature. Payments under any other incentive
compensation plan, bonuses and commissions paid to a Supplement F Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules prescribed by it, to be part of regular compensation. Any
other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in which the Supplement F Employee is employed. No compensation
shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in excess of $255,000 per year,
or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

  

	F-3	Participant Contributions. In accordance with Section 4.01 of the Plan, a Supplement F Employee may elect to make 401(k) Contributions in an amount equal to
not less than one percent and not more than 30 percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the foregoing, effective January 1, 2011, a Supplement F Employee may elect to make 401(k) Contributions in an
amount equal to not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay. However, Supplement F Employees that are Highly Compensated Employees may elect to make 401(k) Contributions in an
amount equal to not less than one percent nor more than 15 percent (in multiples of one percent) of their Deferral Pay. Notwithstanding the foregoing, the Plan Administrator may from time to time impose limitations on the amount of 401(k)
Contributions that may be made by a Highly Compensated Employee. 

  
 80 

	F-4	Employer Matching Contributions. Supplement F Employees shall be eligible to receive Employer Matching Contributions up to the first 7 percent of 401(k)
Contributions as follows: 

 50 percent; or 

100 percent if the corresponding 401(k) Contributions are invested 100% in the General Dynamics Stock Fund. 

All Employer Matching Contributions shall be invested in the General Dynamics Stock Fund, but may subsequently be reinvested in accordance
with such Supplement F Employees’ elections. 
  

	F-5	 Non-Contributory Retirement Contributions. Effective January 1, 2011, and in accordance with Section 5.02(c) of the Plan, the Company,
in its discretion, may annually contribute amounts to the Accounts of eligible Supplement F Employees that are hired on or after January 1, 2011 (“Non-Contributory Contributions”). Such eligible Supplement F Employees will receive a
proportionate share of such contributions based on the following allocation formula: each such eligible Supplement F Employee’s base hourly pay rate as of January 1 of the applicable Plan Year or as of the Supplement F Employee’s hire
date if the hire date occurs in the Plan Year that is determined in accordance with the applicable collective bargaining agreement over the total base hourly pay rate that is determined in accordance with the applicable collective bargaining
agreement of all Supplement F Employees eligible to receive a Non-Contributory Contribution. If made, such amounts will be credited to the Accounts of such Supplement F Employees who are not currently accruing credited service under the terms of any
defined benefit pension plan sponsored by the Company or any Employing Unit, who are not eligible for a retiree medical plan sponsored by the Company or any Employing Unit, and who are actively employed by the Company on December 31 of the year
to which Non-Contributory Contributions relate. For purposes of the preceding sentence, such Supplement F Employees who are on furlough, short-term disability, Workers’ Compensation leave, FMLA leave, or on any paid leave of absence shall also
be treated as being “actively employed” and such Supplement F Employees on other forms of leave, long-term disability or layoff shall not be treated as “actively employed.” Such Supplement F Employees that transferred employment
from any employing unit of the Company may only be eligible for a partial Non-Contributory Contribution in the year that they transfer (provided the foregoing eligibility criteria are met), based on when credited service stops accruing under any
defined benefit pension plan as determined by the Plan Administrator and/or based on the date of transfer. Thereafter and if all eligibility criteria for receiving Non-Contributory Contributions are met, such Supplement F Employees described in the
preceding sentence may be eligible for unprorated Non-Contributory Contributions. Alternate payees, designated Beneficiaries, such Supplement F Employees who are deceased before such December 31, and, consistent with Section 1.03 of the
Plan and except as may otherwise be explicitly provided, any individuals that became or become employees of the Company by reason of a corporate acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for
Non-Contributory Contributions. Former Supplement F 

  
 81 

	 	
Employees that transferred employment to any employing unit of the Company may be eligible for a prorated Non-Contributory Contribution for the time spent as Supplement F Employees during the
Plan Year (provided the foregoing eligibility criteria are met) as determined by the Plan Administrator. A Former Supplement F Employee that retires after attaining age 55 is eligible for a pro-rated Non-Contributory Contribution for the time spent
as Supplement F Employees during the Plan Year. 

 The timing and determination of such Non-Contributory
Contributions shall be made at the sole discretion of the Plan Administrator. 
  

	F-6	Vesting. Supplement F Employees shall be fully vested in all Employer Contributions and earnings thereon upon the completion of three years of Continuous
Service, except that any Supplement F Employees hired on or before October 17, 2006 shall be fully vested in all Employer Contributions. 

  

	F-7	Loans and In-Service Withdrawals. A Supplement F Employee may obtain a loan or an in-service withdrawal described in Section 8.13 from the Plan in
accordance with the rules set forth in Sections 8.11 and 8.13 of the Plan. 

  
 82 

 Exhibit A to Supplement F 

 

			
	Employing Units	  	Effective Date
		
	GDLS - International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW)	  	April 1, 2000

  
 83 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement G - National Steel and Shipbuilding Company and Metro Machine Corp. (General Dynamics NASSCO-Norfolk)

  

	G-1	Purpose, Superseding Provision. The purpose of this Supplement G is to provide for certain Plan provisions for those Eligible Employees of the Employing Unit
listed on Exhibit A to this Supplement (the “Supplement G Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement G Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	G-2	Transfer of Accounts. The NASSCO 401(k) Savings Plan (the “NASSCO Plan”) was merged with and into this Plan as of February 1, 2003. For purposes
of this Supplement, the term “NASSCO Plan Participant” refers to the participants in the NASSCO Plan who, as a result of the aforementioned merger, transferred into this Plan. At such time and in such manner as determined by the Plan
Administrator and in accordance with such rules as established by the Plan Administrator, the (i) NASSCO Plan accounts of the NASSCO Plan Participants shall be transferred (in accordance with Code Section 414(l)) to the Plan Accounts of
such NASSCO Plan Participants and (ii) the investment fund allocation of such Plan Accounts shall be similar in investment objectives and risk to the corresponding NASSCO Plan accounts. 

 

	G-3	Deferral Pay. As reported by the Employing Unit, a Supplement G Employee’s “Deferral Pay” shall mean his or her gross pay, but shall not include
any reimbursements or expense allowances, cash and non-cash fringe benefits, moving expenses, deferred compensation and welfare benefits. Any other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is
specifically approved by the Company for all Eligible Employees of the Employing Unit in which the Supplement G Employee is employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the
Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code
Section 401(a)(17) or any successor provision thereto. 

  

	G-4	 Participant Contributions. A Supplement G Employee’s 401(k) contribution rate elections, if any, in effect immediately prior to
February 1, 2003 under the NASSCO Plan shall apply under this Plan unless otherwise subsequently changed in accordance with Article IV of the Plan. In accordance with Article IV of the Plan and notwithstanding any prior election amounts under
the NASSCO Plan, a Supplement G Employee may elect to make 401(k) Contributions in an amount equal to not less than one percent and not more than fifteen percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the
foregoing, the Plan Administrator may from time to time impose limitations on the amount of 401(k) Contributions that may be made by a Highly Compensated Employee. Notwithstanding the foregoing, a Supplement G Employee may

  
 84 

	 	
also elect to defer as 401(k) Contributions 100% of the one-time bonus paid to such Supplement G Employee by the Employing Unit on October 12, 2012, after any applicable deductions have been
taken and only to extent allowed under IRS limits or other applicable law. 

  

	G-5	Investment Allocations. A Supplement G Employee’s investment fund allocation elections, if any, in effect immediately prior to February 1, 2003 under
the NASSCO Plan shall apply under this Plan to the funds established by the Plan Administrator which have similar investment objectives and risk unless otherwise subsequently changed in accordance with Article VI. 

 

	G-6	Employer Matching Contributions. Supplement G Employees shall not be eligible to receive Employer Matching Contributions as provided under Section 5.01.

  

	G-7	Prior Service Credit. This paragraph G-7 shall apply to those Supplement G Employees who participated in the NASSCO Plan prior to February 1, 2003. In
addition to the definition of “Continuous Service” set forth in Section 7.02(d) of the Plan, for such Supplement G Employees, “Continuous Service” shall also include service earned under the NASSCO Plan by such Supplement G
Employee to the extent such recognition does not result in the duplication of service for any time period. Notwithstanding the foregoing, in addition to the definition of “Continuous Service” set forth in Section 7.02(d) of the Plan,
for Supplement C Employees employed by Metro Machine Corp. (General Dynamics NASSCO-Norfolk), “Continuous Service” shall also include service earned under the Metro Machine Corp. Employees Retirement Plan (formerly the Metro Machine Corp.
Employees Stock Retirement Plan) to the extent such recognition does not result in the duplication of service for any time period. 

  

	G-8	Vesting. NASSCO Plan Participants and Supplement G Employees shall be 100% vested in all Plan Accounts. 

 

	G-9	Loans. A Supplement G Employee may obtain a loan from the Plan in accordance with the rules set forth in Section 8.11 of the Plan. 

Notwithstanding any administrative policy to the contrary, such accounts of the NASSCO Plan transferred to any Plan Accounts as provided
in Section G-2 of this Supplement may include any outstanding loan a Supplement G Employee may have. Such loan shall be counted towards the maximum number of loans a Supplement G Employee may obtain. The maximum number of loans a Supplement G
Employee may have under the Plan is three loans. Only one loan under the Plan may be a primary residence loan. 
  

	G-10	Distribution Options. Distributions for Supplement G Employees and NASSCO Plan Participants who had not commenced Plan benefits on or before February 1,
2003 shall be available as provided under Article VIII of the Plan. Distributions for NASSCO Plan Participants who had commenced NASSCO Plan distributions under the installment payment form shall continue to receive distributions in the same form
and manner as before. 

  
 85 

 Exhibit A to Supplement G 

 

					
	Employing Units	  	Effective Date	 
		
	 National Steel and Shipbuilding Company
 (represented employees)
	  	 	February 1, 2003	  
		
	 Metro Machine Corp. (General Dynamics NASSCO-Norfolk)
 (represented employees)
	  	 	March 1, 2012	  

  
 86 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement H - General Dynamics Ordnance and Tactical Systems, Inc. 

 

	H-1	Purpose, Superseding Provision. The purpose of this Supplement H is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement H Employees”). This Supplement forms part of the Plan to which it is attached, and its terms shall supersede other provisions of the Plan to the extent such provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement H Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	H-2	Deferral Pay. A Supplement H Employee’s “Deferral Pay” shall mean his or her annual base salary, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base salary under any other plan
of deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, including overtime, shift differential or shift premium, lump-sum merit awards, and other special award bonuses (only to the extent
that they shall be deemed by the Company, under uniform rules prescribed by it, to be part of regular compensation), but shall not include payments under the General Dynamics Equity Compensation Plan or the Incentive Compensation Plan of General
Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary increases, expense or living allowances, vacation pay, severance payments, disability benefits, royalties or payments of like nature. Payments
under any other incentive compensation plan, bonuses and commissions paid to a Supplement H Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules prescribed by it, to be part of
regular compensation. Any other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in which the Supplement H Employee is
employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in
excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

 

	H-3	 Participant Contributions. A Supplement H Employee’s contribution rate elections, if any, in effect immediately prior to November 1,
2003 under the provisions and terms of the General Dynamics Corporation 401(k) Plan shall apply under this Plan unless otherwise subsequently changed in accordance with this paragraph. In accordance with Section 4.01 of the Plan, a Supplement H
Employee may elect to make 401(k) Contributions in an amount equal to not less than one percent and not more than fifty percent (in multiples of one percent) of his or her Deferral Pay. A Supplement H Employee may also elect to make After-Tax
Contributions in an amount equal to not less 

  
 87 

	 	
than one percent and not more than fifty percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement H Employee’s 401(k) Contributions and After-Tax
Contributions in the aggregate exceed fifty percent of his or her Deferral Pay. 

 A Supplement H
Employee who is a Highly Compensated Employee may make 401(k) Contributions and/or After-Tax Contributions that are in the aggregate equal to no more than eight percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the
foregoing, the Plan Administrator may from time to time impose limitations on the amount of 401(k) Contributions that may be made by a Highly Compensated Employee. 
  

	H-4	Employer Matching Contributions. The applicable percentage of Employer Matching Contributions under Section 5.01 of the Plan shall be 50 percent. Employer
Matching Contributions shall be made only with respect to the first six percent of Deferral Pay contributed under Section 4.01 and 4.03 of the Plan. Employer Matching Contributions shall be made with respect to both 401(k) Contributions and
After-Tax Contributions; however 401(k) Contributions shall be subject to Employer Matching Contributions first, after which After-Tax Contributions shall be subject to Employer Matching Contributions. 

 

	H-5	 Non-Contributory Retirement Contributions. Effective January 1, 2010, this paragraph H-5 shall apply to Supplement H Employees at the
Employing Unit’s St. Mark’s facility who are not currently accruing credited service under the terms of any defined benefit retirement plan of the Company. Effective January 1, 2011, this paragraph H-5 shall also apply to Supplement H
Employees at the Employing Unit’s Garland, Texas facility who are not currently accruing credited service under the terms of any defined benefit retirement plan of the Company. For such eligible Supplement H Employees, in accordance with
Section 5.02(c) of the Plan, the Company, in its discretion, may make annual Non-Contributory Retirement Contributions (“Non-Contributory Contributions”) on behalf of such Supplement H Employees for each applicable Plan Year according
to the following table. The Non-Contributory Contribution is determined based on the age of the Supplement H Employee as of the January 1st of the applicable Plan Year (“Determinative Age”). The Non-Contributory Contribution is equal
to the indicated percentage (as shown below) of such Supplement H Employee’s Deferral Pay while a Supplement H Employee either at the Employing Unit’s St. Mark’s facility or Garland, Texas facility, as the case may be, for the
applicable Plan Year plus the indicated percentage (as shown below) of such Supplement H Employee’s Deferral Pay which exceeds the Social Security Wage Base; provided, however, that for purposes of this paragraph H-5, Deferral Pay for
Supplement H Employees at the Employing Unit’s Garland, Texas facility for the 2011 Plan Year shall include compensation earned by such Employees from January 1, 2011 through January 15, 2011 (if any), regardless of whether such
Employees accrued credited service under the terms of the Retirement Plan for Hourly Employees of General Dynamics Ordnance and Tactical Systems, Inc. (Garland), a subplan of the General Dynamics Retirement Plan (Government). The Non-Contributory
Contributions shall be credited to the Supplement H Employee’s Account on an annual basis as prescribed by the Plan Administrator. In the event a Supplement H 

  
 88 

	 	
Employee is not actively employed on the date Non-Contributory Contributions are made, such a Supplement H Employee shall receive an amount pro-rated through his or her date of termination.
Non-Contributory Contributions made under this paragraph H-5 shall not be contributed to the ESOP described in Section 6.01. Consistent with Section 1.03 of the Plan and except as may otherwise be explicitly provided, any individuals that
became or become employees of the Company by reason of a corporate acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. 

Annual Employer Contribution 
  

									
	 Participant’s

Determinative Age
	  	 Annual Employer

Contribution Equal to this

Percentage of Deferral Pay
	 	 	 Annual Employer

Contribution Equal to this
 Percentage of Deferral Pay over
 the Social Security Wage Base
	 
	Less than 30	  	 	1.0	% 	 	 	1.0	% 
	30 - 34	  	 	1.4	% 	 	 	1.4	% 
	35 - 39	  	 	1.8	% 	 	 	1.8	% 
	40 - 44	  	 	2.4	% 	 	 	2.4	% 
	45 - 49	  	 	3.7	% 	 	 	3.2	% 
	50 - 54	  	 	4.7	% 	 	 	4.6	% 
	55 - 59	  	 	6.2	% 	 	 	4.6	% 
	60 and over	  	 	7.7	% 	 	 	4.6	% 

  

	H-6	Vesting. Supplement H Employees shall be 100% vested at all times in their 401(k) Contributions, After-Tax Contributions and Rollover Contributions and earnings
allocated thereon. Supplement H Employees hired before November 1, 2003 shall be fully vested in all Employer Contributions and earnings allocated thereon at all times. Supplement H Employees hired on or after November 1, 2003 shall be
fully vested in all Employer Contributions and earnings allocated thereon upon the completion of three years of Continuous Service. 

  

	H-7	Loans. A Supplement H Employee may obtain a loan from the Plan in accordance with the rules set forth in Section 8.11 of the Plan. 

Notwithstanding any administrative policy to the contrary, Plan Accounts may contain outstanding loans that were transferred in to the
Plan via the transfers from the General Dynamics Ordnance and Tactical Systems, Inc. Retirement Investment Management Experience Plan/General Dynamics Corporation Savings and Stock Investment Plan. Such loans shall be counted towards the maximum
number of loans a Supplement H Employee may obtain. As provided under Section 8.11 of the Plan, the maximum number of loans a Supplement H Employee may have under the Plan is two loans. Notwithstanding the foregoing, a Supplement H Employee was
permitted to transfer (as provided under the first sentence of this paragraph) outstanding loans into the Plan that exceed two in number; provided, however, that such Supplement H Employee shall be required to reduce the number of such outstanding
loans to one (or zero) before being able to take another loan under the Plan. After such reduction in number of outstanding 

  
 89 

	 	
loans occurs, such Supplement H Employee shall be limited to a maximum of two loans under the Plan as provided under Section 8.11 of the Plan. 

 

	H-8	In-Service Withdrawals. In addition to the exceptions listed in Section 8.13, the following exception shall also apply to Supplement H Employees:

 (c) After-Tax Contributions and related Employer Matching Contributions, provided that such contributions shall
be available for in-service withdrawal if (i) such contributions have remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or (ii) the Supplement H Employee has participated in the Plan (or in any
plan referenced in Section 3.06) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made. 

  
 90 

 Exhibit A to Supplement H 

 

			
	Employing Units	  	Effective Date
		
	 General Dynamics Ordnance and Tactical Systems, Inc.
 (represented employees)
	  	November 1, 2003

  
 91 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement I - General Dynamics Information Technology (former General Dynamics Network Systems, Inc.) 

 

	I-1	Purpose, Superseding Provision. The purpose of this Supplement I is to provide for certain Plan provisions for those Eligible Employees of the Employing Unit
listed on Exhibit A to this Supplement (the “Supplement I Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement I Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	I-2	 Deferral Pay. A Supplement I Employee’s “Deferral Pay” (also known as “401(k) Eligible Pay”) means a Supplement I
Employee’s annual base pay during such periods he or she is eligible to participate in the Plan, as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to any reduction for deferrals of base pay under any
other plan of deferred compensation or any flexible benefits, healthcare/dependent care spending accounts or cafeteria plan maintained by the Company (e.g., plans qualified under Code Sections 132(f) or 125), as shown by the records of the Employing
Unit or the Company, plus commissions, overtime, shift-differential or shift-premium, field differential or field premium (provided that these payments are related to hours worked), vacation, sick and/or holiday pay, accrued vacation, sick and/or
holiday pay paid after termination of employment that the Supplement I Employee could have received if employment had continued, and cash bonuses such as business unit and executive compensation awards, performance awards or spot bonus awards
(including any related cash payments to cover taxes on such awards). Deferral Pay shall not include any equity awards or any other equity-related compensation (or any income resulting therefrom), taxable income from the exercise of certain stock
options, imputed income from life insurance or other health and welfare benefits, additional compensation for work performed outside a Supplement I Employee’s regularly scheduled tour of duty, expatriate related allowances and payments for
living overseas, taxable fringe benefits and non-cash prizes (including any related cash payments to cover taxes thereon), severance, separation or supplemental unemployment benefit payments, pay that is otherwise deferred under or paid from a
non-qualified deferred compensation plan, business expense reimbursements or other expense allowances (unless paid under a non-accountable plan), reimbursement of taxable moving expenses or other income that is imputed income or a tax gross-up
relating to a move or relocation, taxable income from the distribution of excess 401(k) Contributions, hardship distributions, defaulted Plan loans, legal settlements of any kind or such other items of remuneration as the Plan Administrator shall
determine to be not related to the performance of personal services. No compensation shall be included as Deferral Pay pursuant to the preceding sentence unless reflected in an amendment to the Plan. For Plan Years commencing on or after
January 1, 2013, Deferral Pay shall not include annual Deferral Pay in excess of $255,000 per year, or such other amount, as adjusted for 

  
 92 

	 	
cost-of-living increases as may be determined under Section 401(a)(17) of the Code or any successor provision thereto. 

 

	I-3	Participant Contributions. In accordance with Section 4.01 of the Plan, a Supplement I Employee may elect to make 401(k) Contributions in an amount equal to
not less than one percent and not more than 50 percent (in multiples of one percent) of his or her Deferral Pay. A Supplement I Employee may also elect to make After-Tax Contributions in an amount equal to not less than one percent and not more than
50 percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement I Employee’s 401(k) Contributions and After-Tax Contributions in the aggregate exceed 50 percent of his or her Deferral Pay.

 Notwithstanding the preceding paragraph, a Supplement I Employee who is a Highly Compensated Employee may make
401(k) Contributions and/or After-Tax Contributions that are in the aggregate equal to no more than fifteen percent (in multiples of one percent) of his or her Deferral Pay. Notwithstanding the foregoing, the Plan Administrator may from time to time
impose limitations on the amount of 401(k) Contributions that may be made by a Highly Compensated Employee. 
  

	I-4	Employer Matching Contributions. Except for employees in CWA Local 1126, the applicable percentage of Employer Matching Contributions under Section 5.01 of
the Plan shall be 75 percent. For employees in CWA Local 1126, the applicable percentage of Employer Matching Contributions under Section 5.01 of the Plan shall be 100 percent for the first three percent of Deferral Pay contributed under
Sections 4.01 and 4.03 of the Plan, and 50 percent for the next three percent of Deferral Pay contributed. Employer Matching Contributions shall be made only with respect to the first six percent of Deferral Pay contributed under Sections 4.01 and
4.03 of the Plan. However, 401(k) Contributions shall be subject to Employer Matching Contributions first, after which After-Tax Contributions shall be subject to Employer Matching Contributions. 

 

	I-5	 Non-Contributory Retirement Contributions. In accordance with Section 5.02(c) of the Plan, the Company, in its discretion, may annually
contribute amounts to (a) certain Supplement I Employees that were hired by (or transferred into) the Employing Unit in 2005 or 2006 (as determined by the Plan Administrator), and (b) certain Supplement I Employees that transfer into the
Employing Unit after December 31, 2006 and have an original date of hire with the Company in 2005 or 2006. Such eligible Supplement I Employees will receive a proportionate share of such contributions based on the following allocation formula:
each such eligible Supplement I Employee’s actual base pay received from the Employing Unit that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan over the total actual base pay received from
the Employing Unit that would otherwise have been pensionable under the Employing Unit’s applicable defined benefit plan of all Supplement I Employees eligible to receive a Non-Contributory Contribution (“Non-Contributory
Contributions”). Additionally, if made, such amounts will be credited to the Accounts of such Supplement I Employees who are not currently accruing credited service under the terms of any defined benefit pension plan sponsored by the Company or
any Employing Unit and who are actively employed by the Company on December 31 of the year to which Non-

  
 93 

	 	
Contributory Contributions relate. For purposes of the preceding sentence, Supplement I Employees who are on furlough, short-term disability, Workers’ Compensation leave, or on any paid
leave of absence shall also be treated as being “actively employed” and Supplement I Employees on other forms of leave, long-term disability or layoff shall not be treated as “actively employed.” Alternate Payees, designated
Beneficiaries, Supplement I Employees who are deceased before such December 31, and, consistent with Section 1.03 of the Plan and except as may otherwise be explicitly provided, any individuals that became or become employees of the
Company by reason of a corporate acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. Supplement I Employees that transferred employment after December 31, 2004
from any employing unit of the Company may only be eligible for a partial Non-Contributory Contribution in the year that they transfer (provided the foregoing eligibility criteria are met), based on when credited service stops accruing under any
defined benefit pension plan as determined by the Plan Administrator and/or based on the date of transfer. Thereafter and if all eligibility criteria for receiving Non-Contributory Contributions are met, such employees described in the preceding
sentence may be eligible for unprorated Non-Contributory Contributions. If a Supplement I Employee eligible for contributions under this paragraph I-5 leaves the employment of the Company and is rehired within a year (including the anniversary date
of such leave) by the Company, such Supplement I Employee will retain their eligibility for benefits under this paragraph I-5 (subject to all conditions and requirements of this paragraph I-5). If a Supplement I Employee that is eligible for
contributions under this paragraph I-5 leaves the employment of the Company and is rehired after a period greater than a year, such a Supplement I Employee will be ineligible for contributions under this paragraph I-5. Former Supplement I Employees
that transferred employment to any employing unit of the Company may be eligible for a prorated Non-Contributory Contribution for the time spent as a Supplement I Employee during the Plan Year (provided the foregoing eligibility criteria are met) as
determined by the Plan Administrator. 

 The timing and determination of such Non-Contributory Contributions shall
be made at the sole discretion of the Plan Administrator and need not be the same for Supplement I Employees working at different facilities of the Employing Unit. Notwithstanding anything to the contrary, such Supplement I Employees shall become
fully vested in their Non-Contributory Contributions and earnings thereon upon the completion of three years of Continuous Service. 
  

	I-6	 Vesting. Supplement I Employees shall be 100% vested at all times in their 401(k) Contributions, After-Tax Contributions and Rollover
Contributions and earnings allocated thereon. Supplement I Employees shall be fully vested in all Employer Contributions and earnings allocated thereon upon the completion of three years of Continuous Service. Notwithstanding the foregoing, if a
Supplement I Employee was fully vested in all Employer Contributions and earnings allocated thereon prior to the applicability of the terms of this Supplement to such Supplement I Employee, such Supplement I Employee shall remain fully vested in
such Employer Contributions and 

  
 94 

	 	
earnings allocated thereon. For any Supplement I Employees affiliated with the Employing Unit’s Rome, New York operations, any Employer Matching Contributions received after June 2,
2007 will be 100% vested. Such 100% vesting will also apply to any Supplement I Employees hired at such Rome, New York operations effective as of June 2, 2007. 

 

	I-7	In-Service Withdrawals. In addition to the exceptions listed in Section 8.13, the following exception shall also apply to Supplement I Employees:

 (c) After-Tax Contributions and related Employer Matching Contributions, provided that such contributions shall
be available for in-service withdrawal if (i) such contributions have remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or (ii) the Supplement I Employee has participated in the Plan (or in any
plan referenced in Section 3.06) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made. 

  
 95 

 Exhibit A to Supplement I 

 

			
	Employing Unit	  	Effective Date
		
	General Dynamics Information Technology (former General Dynamics Network Systems, Inc.’s represented employees of the former GSC - WTS, Worldwide Telecomm. Sys.) represented by
the International Association of Machinists and Aerospace Workers or the Communications Workers of America	  	January 1, 2007

  
 96 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement J - Electric Boat Corporation Employees Represented by the Metal Trades Council 

 

	J-1	Purpose, Superseding Provision. The purpose of this Supplement J is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement J Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement J Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	J-2	Safe Harbor. For purposes of this Supplement J, the Plan is intended to satisfy certain design-based “safe harbor” contribution and vesting
requirements, as permitted under the Code and the Small Business Job Protection Act of 1996, with respect to matching contributions as described below. Section 4.06 of the Plan shall not apply to this Supplement J. The provisions of Article IX
of the Plan relating to ADP limits and testing shall not apply to this Supplement J to the extent such provisions would be inconsistent with the design-based “safe harbor” contribution and vesting requirements discussed previously in this
Paragraph J-2. 

  

	J-3	 Deferral Pay. A Supplement J Employee’s “Deferral Pay” (also known as “401(k) Eligible Pay”) means a Supplement J
Employee’s annual base pay, up to the equivalent of 2,080 hours of pay, where applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k)
Contributions, and prior to any reduction for deferrals of base pay under any other plan of deferred compensation or any flexible benefits, healthcare/dependent care spending accounts or cafeteria plan maintained by the Company (e.g., plans
qualified under Code Sections 132(f) or 125), as shown by the records of the Employing Unit or the Company, plus commissions, overtime, shift-differential or shift-premium, field differential or field premium (provided that these payments are
related to hours worked), vacation, sick and/or holiday pay, accrued vacation, sick and/or holiday pay paid after termination of employment that a Supplement J Employee could have received if employment had continued, and cash bonuses such as
business unit and executive compensation awards, performance awards or spot bonus awards (including any related cash payments to cover taxes on such awards). Deferral Pay shall not include any equity awards or any other equity-related compensation
(or any income resulting therefrom), taxable income from the exercise of certain stock options, imputed income from life insurance or other health and welfare benefits, additional compensation for work performed outside a Supplement J
Employee’s regularly scheduled tour of duty, expatriate related allowances and payments for living overseas, taxable fringe benefits and non-cash prizes (including any related cash payments to cover taxes thereon), severance, separation or
supplemental unemployment benefit payments, pay that is otherwise deferred under or paid from a non-qualified deferred compensation plan, business expense reimbursements or other expense allowances (unless paid under a
non-

  
 97 

	 	
accountable plan), reimbursement of taxable moving expenses or other income that is imputed income or a tax gross-up relating to a move or relocation, taxable income from the distribution of
excess 401(k) Contributions, hardship distributions, defaulted Plan loans, legal settlements of any kind or such other items of remuneration as the Plan Administrator shall determine to be not related to the performance of personal services. No
compensation shall be included as Deferral Pay pursuant to the preceding sentence unless reflected in an amendment to the Plan. Deferral Pay shall not include annual compensation in excess of $255,000 per year, or such other amount, as adjusted for
cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 

  

	J-4	Participant Contributions. In accordance with Article IV of the Plan, a Supplement J Employee may elect to make 401(k) Contributions, After-Tax Contributions
and/or Roth elective deferrals in an amount equal to not less than one percent and not more than fifty percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement J Employee’s 401(k) Contributions, Roth
elective deferrals and After-Tax Contributions in the aggregate exceed fifty percent of his or her Deferral Pay. 

In all cases and notwithstanding the foregoing, the Plan Administrator may from time to time change the limitations on the amount of
401(k) Contributions that may be made by a Highly Compensated Employee. 
  

	J-5	Employer Matching Contributions. The applicable safe harbor Employer Matching Contributions under Section 5.01 for Supplement J Employees shall be 100
percent of the first 4 percent of Deferral Pay contributed by Supplement J Employees and 50 percent of the next 2 percent of Deferral Pay contributed by Supplement J Employees, and all such Employer Matching Contributions shall be invested in
accordance with Supplement J Employees’ investment elections. Employer Matching Contributions for a Supplement J Employee will be made on 401(k) Contributions first, any applicable Roth elective deferrals second, after which any applicable
After-Tax Contributions will be subject to such Employer Matching Contributions. 

  

	J-6	Vesting. Supplement J Employees shall be fully vested in all Employer Matching Contributions and earnings thereon. 

 

	J-7	Loans and In-Service Withdrawals. A Supplement J Employee may obtain a loan in accordance with the rules set forth in Section 8.11. In addition to the
exceptions listed in Section 8.13 with regard to In-Service Withdrawals, the following exception shall also apply to Supplement J Employees: 

 (c) After-Tax Contributions and related non-safe harbor Employer Matching Contributions, provided that such contributions shall be available for in-service withdrawal if (i) such contributions have
remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or (ii) the Supplement J Employee has participated in the Plan (or in any plan referenced in Section 3.06) for at least five years (in the
aggregate among such plans) on the date the withdrawal is requested and made. 

  
 98 

 Exhibit A to Supplement J 

 

			
	Employing Units	  	Effective Date
		
	 Electric Boat Corporation

(employees represented by the Metal Trades Council)
	  	January 1, 2010

  
 99 

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement K - General Dynamics Land Systems, Inc. 

 

	K-1	Purpose, Superseding Provision. The purpose of this Supplement K is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement K Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement K Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	K-2	Deferral Pay. A Supplement K Employee’s “Deferral Pay” shall mean his or her annual base pay, up to the equivalent of 2,080 hours of pay, where
applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year) as reported by the Employing Unit, prior to any reduction for 401(k) Contributions, and prior to reduction for deferrals of base pay under any other plan of
deferred compensation maintained by the Company, as shown by the records of the Employing Unit or the Company, but shall not include overtime pay, shift premium or any similar remuneration, payments under the General Dynamics Corporation Equity
Compensation Plan or the Incentive Compensation Plan of General Dynamics Corporation, payments of deferred compensation, lump sum payments made in lieu of base salary increases, expense or living allowances, disability benefits, royalties or
payments of like nature. Payments under any other incentive compensation plan, bonuses and commissions paid to a Supplement K Employee shall be included in Deferral Pay only to the extent that they shall be deemed by the Company, under uniform rules
prescribed by it, to be part of regular compensation. Any other compensation shall be excluded from Deferral Pay unless the inclusion of such compensation is specifically approved by the Company for all Eligible Employees of the Employing Unit in
which the Supplement K Employee is employed. No compensation shall be included as Deferral Pay pursuant to the preceding unless reflected in an amendment to the Plan. 

For Plan Years commencing on or after January 1, 2013, Deferral Pay shall not include annual compensation in excess of $255,000 per
year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code Section 401(a)(17) or any successor provision thereto. 
  

	K-3	 Participant Contributions. In accordance with Section 4.01 of the Plan, a Supplement K Employee may elect to make 401(k) Contributions in
an amount up to ten percent (in multiples of one percent) of his or her Deferral Pay up to $12.01 per hour and in an amount up to six percent (in multiples of one percent) of his or her Deferral Pay over $12.01 per hour up to an amount per hours
specified in the bargaining agreement. In addition, after the maximum elections in the preceding sentence are made, a Supplement K Employee who is not a Highly Compensated Employee as defined in Section 2.20 of the Plan document may elect to
make additional 401(k) Contributions in an amount equal to up to fifty percent of his or her Deferral Pay, subject to the limitations imposed by 

  
 100

	 	
Article IV of the Plan document. These additional voluntary 401(k) Contributions shall not be eligible for the Employer Matching Contribution described in paragraph K-5 below.

 With regard to a Supplement K Employee who is a Highly Compensated Employee, after the maximum elections
provided in the first sentence of the preceding paragraph are made, such Supplement K Employee may elect to make additional 401(k) Contributions in an amount equal to up to four percent of his or her Deferral Pay. In all cases and notwithstanding
the foregoing, the Plan Administrator may from time to time change the limitations on the amount of 401(k) Contributions that may be made by a Highly Compensated Employee. 

 

	K-4	Variation of Participant Contributions. A Supplement K Employee may elect to change his or her Deferral Percentage in accordance with Article IV of the Plan. In
the event of a change in a Supplement K Employee’s Deferral Pay, however, his or her elections shall continue to apply, except that if a Supplement K Employee’s Deferral Pay advances from less than $12.01 per hour to an amount in excess of
$12.01 per hour, his or her excess Deferral Percentage already in place shall apply, up to a maximum of six percent, until he authorizes new Deferral Percentages. 

 

	K-5	Employer Matching Contributions. The applicable percentage of Employer Matching Contributions under Section 5.01 is as follows: 

50 percent; or 

100 percent if the corresponding 401(k) Contributions are invested 100% in the General Dynamics Stock Fund. 

All Employer Matching Contributions shall be invested in the General Dynamics Stock Fund, but may subsequently be reinvested in accordance
with such Supplement K Employees’ elections. 
 The Employer Matching Contributions shall be made only with respect to
deferrals up to 10% of the first $12.01 per hour of Deferral Pay and an amount up to 6% of Deferral Pay in excess of $12.01 per hour. In all cases, Employer Matching Contributions may not exceed the limits of Code Section 401(a)(17). However,
no Employer Matching Contributions shall be made for 401(k) Contributions made on Deferral Pay in excess of $12.01 per hour. Additional 401(k) Contributions shall not be eligible for an Employer Matching Contribution. 

 

	K-6	 Non-Contributory Retirement Contributions. Effective January 1, 2009, and in accordance with Section 5.02(c) of the Plan, the Company
in its discretion may annually contribute amounts to the Accounts of eligible Supplement K Employees (“Non-Contributory Contributions”). Such eligible Supplement K Employees will receive a proportionate share of such contributions
based on the following allocation formula: each such eligible Supplement K Employee’s base hourly rate that is determined in accordance with the applicable collective bargaining agreement over the total base hourly rate that is determined in
accordance with the applicable collective bargaining agreement of all 

  
 101

	 	
Supplement K Employees eligible to receive a Non-Contributory Contribution. To be eligible for Non-Contributory Contributions, Supplement K Employees must be aligned with Land Systems Anniston
prior to June 1 of the applicable Plan Year. If made, such amounts will be credited to the Accounts of such Supplement K Employees who are not currently accruing credited service under the terms of any defined benefit pension plan sponsored by
the Company or any Employing Unit and who are actively employed by the Company on December 31 of the year to which Non-Contributory Contributions relate. For purposes of the preceding sentence, such Supplement K Employees who are on furlough,
short-term disability, Workers’ Compensation leave, FMLA leave, or on any paid leave of absence shall also be treated as being “actively employed” and such Supplement K Employees on other forms of leave, long-term disability or layoff
shall not be treated as “actively employed.” Such Supplement K Employees that transferred employment from any employing unit of the Company may only be eligible for a partial Non-Contributory Contribution in the year that they transfer
(provided the foregoing eligibility criteria are met), based on when credited service stops accruing under any defined benefit pension plan as determined by the Plan Administrator and/or based on the date of transfer. Thereafter and if all
eligibility criteria for receiving Non-Contributory Contributions are met, such employees described in the preceding sentence may be eligible for unprorated Non-Contributory Contributions. Alternate payees, designated Beneficiaries, such Supplement
K Employees who are deceased before such December 31, and, consistent with Section 1.03 of the Plan and except as may otherwise be explicitly provided, any individuals that became or become employees of the Company by reason of a corporate
acquisition (and regardless of any subsequent relation within the Company) shall not be eligible for Non-Contributory Contributions. Former Supplement K Employees that transferred employment to any employing unit of the Company may be eligible for a
prorated Non-Contributory Contribution for the time spent as a Supplement K Employee during the Plan Year (provided the foregoing eligibility criteria are met) as determined by the Plan Administrator. 

The timing and determination of such Non-Contributory Contributions shall be made at the sole discretion of the Plan Administrator and
need not be the same for such Supplement K Employees working at different facilities of the Employing Unit. Notwithstanding anything to the contrary, such Supplement K Employees shall become fully vested in their Non-Contributory Contributions and
earnings thereon upon the completion of three years of Continuous Service. 
  

	K-7	Vesting. Supplement K Employees shall be fully vested in all Employer Contributions and earnings thereon upon the completion of three years of Continuous
Service. 

  

	K-8	Loans. A Supplement K Employee may obtain a loan in accordance with the rules set forth in Section 8.11. 

 

	K-9	Automatic Enrollment Rate. Each Supplement K Employee that participates in the Plan by reason of the automatic enrollment provisions described in
Section 3.01 of the Plan shall automatically have 6% of his or her Deferral Pay (but only with respect to the first $25,000 of Deferral Pay) contributed to the Plan in accordance with and subject to Section 4.01 of the Plan.

  
 102

 Exhibit A to Supplement K 

 

			
	Employing Units	  	Effective Date
		
	 General Dynamics Land Systems, Inc.
 (represented employees)
 (excluding employees of General Dynamics Land Systems, Inc. that are
covered by Supplements E and F, but including employees of General Dynamics Land Systems, Inc.’s Anniston, AL facility that are represented by the United Steel Workers of America)
	  	April 1, 1997

  
 103

 GENERAL DYNAMICS CORPORATION 401(k) PLAN FOR REPRESENTED EMPLOYEES 

Supplement L - Electric Boat Corporation Employees Represented by the Marine Draftsmen Association 

 

	L-1	Purpose, Superseding Provision. The purpose of this Supplement L is to provide for certain Plan provisions for those Eligible Employees of the Employing Units
listed in Exhibit A to this Supplement (the “Supplement L Employees”). This Supplement forms a part of the Plan to which it is attached and its terms shall supersede other provisions of the Plan to the extent such other provisions are
inconsistent with this Supplement. The terms and provisions of this Supplement are effective for such Supplement L Employees for the applicable time periods indicated in Exhibit A (or as otherwise indicated herein in this Supplement).

  

	L-2	Safe Harbor. For purposes of this Supplement L, the Plan is intended to satisfy certain design-based “safe harbor” contribution and vesting
requirements, as permitted under the Code and the Small Business Job Protection Act of 1996, with respect to matching contributions as described below. Section 4.06 of the Plan shall not apply to this Supplement L. The provisions of Article IX
of the Plan relating to ADP limits and testing shall not apply to this Supplement L to the extent such provisions would be inconsistent with the design-based “safe harbor” contribution and vesting requirements discussed previously in this
Paragraph L-2. 

  

	L-3	 Deferral Pay. A Supplement L Employee’s “Deferral Pay” (also known as “401(k) Eligible Pay”) means a Supplement L
Employee’s annual base pay, up to the equivalent of 2,080 hours of pay, where applicable (or 2,120 hours of pay in years when there are 53 weeks in the accounting year), as reported by the Employing Unit, prior to any reduction for 401(k)
Contributions, and prior to any reduction for deferrals of base pay under any other plan of deferred compensation or any flexible benefits, healthcare/dependent care spending accounts or cafeteria plan maintained by the Company (e.g., plans
qualified under Code Sections 132(f) or 125), as shown by the records of the Employing Unit or the Company, plus commissions, overtime, shift-differential or shift-premium, field differential or field premium (provided that these payments are
related to hours worked), vacation, sick and/or holiday pay, accrued vacation, sick and/or holiday pay paid after termination of employment that a Supplement L Employee could have received if employment had continued, and cash bonuses such as
business unit and executive compensation awards, performance awards or spot bonus awards (including any related cash payments to cover taxes on such awards). Deferral Pay shall not include any equity awards or any other equity-related compensation
(or any income resulting therefrom), taxable income from the exercise of certain stock options, imputed income from life insurance or other health and welfare benefits, additional compensation for work performed outside a Supplement L
Employee’s regularly scheduled tour of duty, expatriate related allowances and payments for living overseas, taxable fringe benefits and non-cash prizes (including any related cash payments to cover taxes thereon), severance, separation or
supplemental unemployment benefit payments, pay that is 

  
 104

	 	
otherwise deferred under or paid from a non-qualified deferred compensation plan, business expense reimbursements or other expense allowances (unless paid under a non-accountable plan),
reimbursement of taxable moving expenses or other income that is imputed income or a tax gross-up relating to a move or relocation, taxable income from the distribution of excess 401(k) Contributions, hardship distributions, defaulted Plan loans,
legal settlements of any kind or such other items of remuneration as the Plan Administrator shall determine to be not related to the performance of personal services. No compensation shall be included as Deferral Pay pursuant to the preceding
sentence unless reflected in an amendment to the Plan. Deferral Pay shall not include annual compensation in excess of $255,000 per year, or such other amount, as adjusted for cost-of-living increases as may be determined under Code
Section 401(a)(17) or any successor provision thereto. 

  

	L-4	Participant Contributions. In accordance with Article IV of the Plan, a Supplement L Employee may elect to make 401(k) Contributions, After-Tax Contributions
and/or Roth elective deferrals in an amount equal to not less than one percent and not more than fifty percent (in multiples of one percent) of his or her Deferral Pay. In no event shall a Supplement L Employee’s 401(k) Contributions, Roth
elective deferrals and After-Tax Contributions in the aggregate exceed fifty percent of his or her Deferral Pay. 

In all cases and notwithstanding the foregoing, the Plan Administrator may from time to time change the limitations on the amount of
401(k) Contributions that may be made by a Highly Compensated Employee. 
  

	L-5	Employer Matching Contributions. The applicable safe harbor Employer Matching Contributions under Section 5.01 for Supplement L Employees shall be 100
percent of the first 4 percent of Deferral Pay contributed by Supplement L Employees and 50 percent of the next 2 percent of Deferral Pay contributed by Supplement L Employees, and all such Employer Matching Contributions shall be invested in
accordance with Supplement L Employees’ investment elections. Employer Matching Contributions for a Supplement L Employee will be made on 401(k) Contributions first, any applicable Roth elective deferrals second, after which any applicable
After-Tax Contributions will be subject to such Employer Matching Contributions. 

  

	L-6	Vesting. Supplement L Employees shall be fully vested in all Employer Matching Contributions made on or after January 1, 2012, and earnings thereon.
Supplement L Employees shall be fully vested in all Employer Matching Contributions made prior to January 1, 2012, and earnings thereon, upon the completion of three years of Continuous Service. 

 

	L-7	Loans and In-Service Withdrawals. A Supplement L Employee may obtain a loan in accordance with the rules set forth in Section 8.11. In addition to the
exceptions listed in Section 8.13 with regard to In-Service Withdrawals, the following exception shall also apply to Supplement L Employees: 

 (c) After-Tax Contributions and related non-safe harbor Employer Matching Contributions, provided that such contributions shall be available for in-service

  
 105

 
withdrawal if (i) such contributions have remained in the Plan for the 24 months preceding the date the withdrawal is requested and made or (ii) the Supplement L Employee has
participated in the Plan (or in any plan referenced in Section 3.06) for at least five years (in the aggregate among such plans) on the date the withdrawal is requested and made. 

  
 106

 Exhibit A to Supplement L 

 

			
	Employing Units	  	Effective Date
		
	 Electric Boat Corporation

(employees represented by the Marine Draftsmen Association)
	  	January 1, 2012

  
 107

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