Document:

Exhibit 10.2

 

ALLIANT TECHSYSTEMS INC.

DEFERRED FEE PLAN

FOR NON-EMPLOYEE DIRECTORS

(As amended and restated October 30,
2007)

 

1.               Deferral Election:  A non-employee director of Alliant Techsystems Inc. (the “Company”)
electing to participate in this Plan (“Participant”) may defer the entire
amount (the “Deferred Amount”) of one or more of the following:  annual retainer fee; Board meeting fees
(including Committee meeting fees), if applicable; and annual Board committee
chair fee.

 

2.               Timing of Election:  An election to defer fees payable during any calendar year must be
received by the Company by the last business day of the preceding year. An election to defer fees will remain in effect for
all calendar years subsequent to the date of receipt by the Company of such
election to defer. A Participant may change or rescind an election to
defer fees payable during a future calendar year by giving the Company written
notice of such change or rescission by the last business day of the preceding
year. The deferral of fees payable prior to the effective date of any such
change or rescission shall be irrevocable; and any such change or rescission
shall be effective only for calendar years following the receipt by the Company
of such change or rescission. Notwithstanding the foregoing, an election may be
made on or before March 15, 2005 to defer fees for 2005 and subsequent
years that are payable after the date of such election.

 

New directors may participate in the Plan during the year they
become directors by electing, within 30 days after the date they are elected
directors, to defer fees and/or retainers payable for services rendered after
the date of such deferral election.

 

3.               Deferral Options:  A Participant shall have the option of having the Deferred Amount credited
to a cash unit account (“Cash Account”), a share unit account (“Share Account”),
or a combination of the two.

 

4.               Share Accounts:  At the end of each calendar quarter ending on or prior to June 30,
2008, a Participant’s Share Account shall be credited with a number of units (“Share
Units”) equal to (a) the portion of the Deferred Amount for such quarter
designated to be credited to the Participant’s Share Account divided by (b) the
closing sale price of the Company’s Common Stock (“Stock”) as reported on the
New York Stock Exchange Composite Tape (“NYSE”) on the next to the last trading
business day immediately preceding the end of such calendar quarter. Commencing
after June 30, 2008, on the date of the Company’s annual meeting of
stockholders, a Participant’s Share Account shall be credited with a number of
Share Units equal to (a) the portion of the annual Deferred Amount that
would otherwise be payable for the Participant’s upcoming term of service on
the Board divided by (b) the closing sale price of the Company’s Stock as
reported on the NYSE on the date of the Company’s annual meeting of
stockholders.

 

Whenever cash dividends are paid by the Company on outstanding Stock,
there shall be credited to the Share Account additional Share Units equal to (i) the
aggregate dividend that would be payable on outstanding shares of Stock equal
to the number of Share Units in the Share Account on the record date for the
dividend divided by (ii) the closing price of the

 

 

Stock as reported on the NYSE on the last trading business day
immediately preceding the date of payment of the dividend.

 

The number of Share Units credited to a Share Account shall be adjusted
as appropriate in the event of any changes in the outstanding Stock by reason
of any stock dividend, stock split, recapitalization, merger, consolidation,
combination or exchange of stock or other similar corporate change.

 

5.               Cash Accounts:  At the end of each calendar quarter ending on or prior to June 30, 2008,
a Participant’s Cash Account shall be credited with the portion of the Deferred
Amount for such quarter designated to be credited to the Participant’s Cash
Account. Commencing after June 30, 2008, on the date of the Company’s
annual meeting of stockholders, a Participant’s Cash Account shall be credited
with the portion of the annual Deferred Amount designated to be credited to the
Participant’s Cash Account. A Participant’s Cash Account balance at the
beginning of each calendar quarter shall be credited at the end of such quarter
with interest for the quarter at an annual rate equal to the average of the
Company’s one-year borrowing cost as in effect at the beginning of the quarter
and the end of the quarter, in each case as determined by the Company’s Chief
Financial Officer.

 

6.               No Account Transfers:  A Participant may not transfer or convert a Share Account to a Cash
Account or vice versa.

 

7.               Payment Options:  At the same time an election to defer is made, a Participant shall
irrevocably select from the following options the method by which the portion
of the Share Account/Cash Account balance(s) attributable to such election shall
be paid:

 

A.           One lump sum, payable on the first business day of the calendar year
following the year during which the Participant ceases to be a director of the
Company (the “Valuation Date”), but in no event later than the last day of the
calendar year in which the Valuation Date occurs; or

 

B.             In up to ten annual installments commencing on
the Valuation Date, but in no event later than the last day of the calendar year
in which the Valuation Date occurs. Each annual installment shall be treated as
a separate payment for purposes of Internal Revenue Code Section 409A.

 

All payments made pursuant to
this Plan shall be made in cash. The Share Units credited to a Share Account as
of the Valuation Date shall be converted to cash and credited to a Cash Account
in the following manner:  The amount
credited to the Cash Account upon such conversion shall equal (i) the
number of Share Units credited to the Share Account on the Valuation Date,
multiplied by (ii) the average of the reported closing prices of the Stock
as reported on the NYSE for the twenty consecutive trading business days
immediately preceding the Valuation Date.

 

In the case of installment
payments, the Cash Account shall be credited with interest pursuant to Section 5
above during the period that the installment payments are being made.

 

Notwithstanding the payment
option selected by a Participant:

 

 

I.                 In no event shall any payment be made with
respect to amounts credited to a Cash Account as a result of the conversion of
Share Units to cash pursuant to this Section 7 until six months after the
date of the Participant’s most recent election to defer a Deferred Amount into
a Share Account; and

 

II.             In no event shall a Participant be entitled to
receive annual installment payments if the amount credited to the Participant’s
Cash Account (including any amounts credited thereto as a result of the
conversion of Share Units to cash pursuant to this Section 7) is less than
$50,000. In such event, the Participant shall receive a lump sum payment on the
Valuation Date.

 

8.               Funding:  This Plan shall be non-funded. A Participant shall be a general
unsecured creditor of the Company with respect to his or her Share Account/Cash
Account balance(s).

 

9.               Administration:  This Plan shall be administered by the Nominating and Governance
Committee of the Board of Directors, or such other committee of directors as may be
designated by the Board, which shall have full power to formulate additional
details and regulations for carrying out this Plan and to make interpretations
of this Plan; provided that such interpretations shall not affect the
obligation of the Company to pay a Participant his or her Share Account/Cash
Account balance(s). Any election for deferral or distribution that is
inconsistent with section 409A of the Internal Revenue Code of 1986, as
amended, with respect to amounts otherwise payable after December 31, 2004
shall not be effective.

 

10.         Beneficiary:  A Participant may designate a beneficiary or beneficiaries to
receive payments due under the Plan in the event of the Participant’s death. Such
designation must be received by the Company prior to the Participant’s death. The
Participant’s Share Account/Cash Account balance(s) shall be paid to the
Participant’s beneficiary or beneficiaries in a lump sum as soon as practicable
after the Participant’s death, but in no event later than the later of the
ninetieth day after the Participant’s death or the last day of the calendar
year in which the Participant’s death occurs. Any Share Units credited to a
Share Account shall be converted to cash and credited to a Cash Account in the
manner described in Section 9 above, in which case the Valuation Date
shall be the date of the Participant’s death. In the absence of an effective
beneficiary designation, the Participant’s Share Account/Cash Account
balance(s) shall be paid to the Participant’s estate.

 

 

ALLIANT TECHSYSTEMS INC.

DEFERRED FEE PLAN

FOR NON-EMPLOYEE DIRECTORS

 

ELECTION TO DEFER

(See instructions on reverse side)

 

TO:                            Alliant Techsystems Inc.

 

Pursuant to the terms
of the above Plan, I hereby make the following election with respect to fees
payable to me as a director of Alliant Techsystems Inc. during calendar years
after the date hereof:

 

1.               Deferred
Amount:               I hereby elect to
defer the following fees according to the terms of the Plan (check only those
fees to be deferred):

 

	
   

  	
  A.

  	
  o

  	
  annual
  retainer fee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  o

  	
  Board
  meeting fees (including Committee meeting fees), if applicable

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  C.

  	
  o

  	
  Committee
  Chair fee

  

 

	
  2.

  	
   

  	
  Type of Account:

  	
   

  	
  I
  hereby elect to have my Deferred Amount allocated between a Share Account and
  Cash Account as Follows:

  

 

	
   

  	
  Share
  Account:

  	
   

  	
   

  	
  %

  
	
   

  	
  Cash
  Account:

  	
   

  	
   

  	
  %

  
	
   

  	
  Total

  	
   

  	
  100

  	
  %

  

 

	
  3.

  	
   

  	
  Payout Methods:

  	
   

  	
  I hereby elect to have the portion of my Share
  Account/Cash Account balance(s) attributable to this election paid out as
  follows:

  

 

 

	
   

  	
  A.

  	
  o

  	
  In
  one lump sum (on the first business day of the year after I cease being a
  director of the Company);

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  or

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  o

  	
  In                     annual
  installments (commencing on the first business day of the year after I cease
  being a director of the Company).

  

 

I understand that this election will apply to fees payable
during all future calendar years following receipt of this election by the
Company; but that if I wish to change or rescind this election as to any future
calendar year, I must so advise the Company in writing by the last business day
of the preceding year. I also understand that the deferral of fees payable
prior to the effective date of any such change or rescission shall be irrevocable; and that any such change or
rescission will apply only to fees payable during calendar years following the
receipt by the Company of such change or rescission.

 

	
  Date:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (Signature
  of Non-Employee Director)

  

 

 

INSTRUCTIONS FOR COMPLETING

ELECTION TO DEFER

 

1.                       Deferred Amount:  You may defer the entire amount of one or more or all of the
following:  installments of your annual
retainer fee; your Board meeting fees (including your committee meeting fees),
if applicable; and your committee chair fee. Place an “x” on the line in front
of each of the above fees you wish to defer.

 

2.                       Type of Account:  You may have your Deferred Amount allocated to a Share Account or a
Cash Account or a combination of the two. However, you may not reallocate
amounts previously deferred between your Share Account and your Cash Account. Please
elect the way you wish your Deferred Amount allocated by filling in the desired
percentages on the blank spaces provided. The percentages inserted must add up
to 100%.

 

3.                       Payout Method:  The Plan requires that, at the time you make an election to defer, you
must also elect a payout method. You may elect from one of two payout methods —

 

A.                   You may elect a lump sum payout on the
first business day of the calendar year following the year during which you
cease to be a director of the Company. If you elect this option, place a check
behind payout method A.

 

B.                     You may elect payout in up to ten annual installments commencing on the first
business day of the calendar year following the year during which you cease to
be a director of the Company. If you elect this option, place a check behind
payout method B and insert in the blank space the number of installments (two
through ten) you wish to receive.

 

IF YOUR
ELECTION TO DEFER IS TO BE EFFECTIVE FOR FEES PAYABLE IN SUBSEQUENT YEARS, IT
MUST BE RECEIVED BY THE COMPANY NOT LATER
THAN DECEMBER 31st.

 

	
  Send your completed election to:

  	
   

  	
  Anne M. Koss

  
	
   

  	
   

  	
  Assistant Secretary

  
	
   

  	
   

  	
  MN01-1080

  
	
   

  	
   

  	
  Alliant Techsystems Inc.

  
	
   

  	
   

  	
  5050 Lincoln Drive

  
	
   

  	
   

  	
  Edina, MN 55436-1097

  

 

 

DESIGNATION OF BENEFICIARY

(Please type or print)

 

	
  Name of Director

  	
   

  	
  Marital Status: Single

  	
   

  	
  o

  
	
  Social Security No.

  	
   

  	
  Married

  	
   

  	
  o

  

 

I hereby revoke any
previous designation(s) of beneficiary made by me with respect to amounts
payable by Alliant Techsystems Inc. (the “Company”) under the Company’s
Deferred Fee Plan for Non-Employee Directors in the event of my death; and I
hereby designate the following person(s) or entity to receive, upon my death,
any such amounts:

 

	
  Primary Beneficiary or Beneficiaries:

  
	
   

  
	
  Name:

  	
  Share:
  

  	
  %

  
	
  Relationship:

  	
  Birth
  Date:

  
	
  Address:

  	
   

  	
   

  
	
  SS
  #

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Share:
  

  	
  %

  	
   

  
	
  Relationship:

  	
  Birth
  Date:

  	
   

  
	
  Address:

  	
   

  	
   

  
	
  SS
  #

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Contingent Beneficiary or Beneficiaries (if your Primary
  Beneficiary(ies) all predecease you):

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Share:
  

  	
  %

  	
   

  
	
  Relationship:

  	
  Birth
  Date:

  	
   

  
	
  Address:

  	
   

  	
   

  
	
  SS
  #

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Share:
  

  	
  %

  	
   

  
	
  Relationship:

  	
  Birth
  Date:

  	
   

  
	
  Address:

  	
   

  	
   

  
	
  SS
  #

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Director’s Signature:Exhibit 10.3
 
ALLIANT TECHSYSTEMS INC.
AMENDED AND RESTATED
NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN
 
Amended and Restated as of October 30, 2007
 
Section 1. Introduction
 
1.1 The Plan; Effective Date; Duration. This Alliant Techsystems Inc. Amended and Restated Non-Employee Director Restricted Stock Plan (the “Plan”), is adopted on October 30, 2007. No award shall be made under the Plan after the expiration of 10 years from August 6, 1996, the original effective date of the Plan.
 
1.2 Purpose. The purpose of the Plan is to provide each non-employee member (“Director”) of the Board of Directors (the “Board”) of Alliant Techsystems Inc. (the “Corporation”) with awards of shares of common stock, par value $.01 per share (“Stock”), of the Corporation, subject to the restrictions and other provisions of the Plan. It is intended that the Plan will (a) permit Directors to increase their stock ownership and proprietary interest in the Corporation and their identification with the interests of the Corporation’s stockholders (“Stockholders”), (b) provide a means of compensating Directors that will help attract qualified candidates to serve as Directors, and (c) induce incumbent Directors to continue to serve if the Board desires that they remain on the Board.
 
1.3 Shares of Stock Available Under the Plan.
 
(a) Subject to any adjustments made pursuant to Section 1.3(c), the aggregate number of shares of Stock that may be issued under the Plan shall be 168,750, taking into account the effect of the stock splits in the form of stock dividends that were paid on November 10, 2000, September 7, 2001, and June 10, 2002.
 
(b) Shares of Stock awarded under the Plan may be (i) authorized but unissued shares of Stock, (ii) previously issued shares of Stock reacquired by the Corporation, including shares purchased in the open market (collectively, “Treasury Shares”), or (iii) a combination thereof.
 
(c) Appropriate and equitable adjustment shall be made in the number of shares of Stock available under the Plan and covered by Plan awards in the event of any recapitalization, reorganization, merger, consolidation, spin-off, combination, repurchase, exchange of shares or other securities of the Corporation, stock split, reverse stock split, stock dividend, extraordinary dividend, liquidation, dissolution, or other similar corporate transaction or event affecting the Corporation.

 

 

Section 2. Restricted Stock Awards
 
2.1 Award Dates.
 
(a) As of the date of each annual meeting of Stockholders (“Annual Meeting”), commencing with the 1996 Annual Meeting and terminating December 31, 2001, each Director elected or reelected to the Board at such Annual Meeting shall be awarded 600 shares of restricted Stock (“Restricted Stock”). Commencing January 1, 2002 and terminating March 31, 2003, as of the date of each Annual Meeting, each Director elected or reelected to the Board at such Annual Meeting shall be awarded 750 shares of Restricted Stock. Commencing April 1, 2003, as of the date of each Annual Meeting, each Director elected or reelected to the Board at such Annual Meeting shall be awarded shares of Restricted Stock with a market value of $55,000 as determined by the closing market price of Stock on the date of such Annual Meeting. Notwithstanding the preceding sentence, as of the date of the Annual Meeting held in 2006 (but only if prior to August 6, 2006), each Director elected or reelected to the Board at such Annual Meeting shall be awarded shares of Restricted Stock with a market value of $75,000 as determinied by the closing market price of Stock on the date of such Annual Meeting.
 
(b) A Director who is elected to the Board on a date other than the date of an Annual Meeting shall be awarded shares of Restricted Stock as of such date of election with a market value of $55,000 as determined by the closing market price of the Stock on the date of such election.
 
(c) A Director may elect, in writing, on or prior to any date as of which the Director is entitled to receive a Restricted Stock award to waive the Director’s right to receive the award. Any such waiver shall apply to all future Restricted Stock awards the Director would otherwise be entitled to receive, and shall remain in effect until such time as the Director elects, in writing, to revoke such waiver. Any such revocation shall be effective with respect to Restricted Stock awards the Director is entitled to receive as of dates subsequent to the date of the revocation.
 
2.2 Issuance of Stock. As promptly as practical after the date as of which an award is made, the Corporation shall issue a certificate (“Certificate”), registered in the name of each Director receiving an award, representing the number of shares of Restricted Stock covered by the Director’s award.
 
2.3 Rights of Holders of Restricted Stock. Upon issuance of a Certificate, the Director in whose name the Certificate is registered shall, subject to the provisions of the Plan, have all of the rights of a Stockholder with respect to the shares of Restricted Stock represented by the Certificate, including the right to vote the shares and receive cash dividends and other cash distributions thereon.
 

2.4 Restricted Period. Restricted Stock shall
be subject to the restrictions set forth in Sections 2.5 and 2.7 of the Plan
and the other provisions of the Plan for a period (the “Restricted Period”)
commencing on the date as of which the Restricted Stock is awarded (the “Award
Date”) and ending on the earlier of:

 

2

 

(a)           the third anniversary of the Award
Date with respect to an award of Restricted Stock to a Director; or

 

(b)           the first to occur of the following:

 

(i)            the
retirement of the Director from the Board in compliance with the Board’s
retirement policy as then in effect;

 

(ii)           the
termination of the Director’s service on the Board as a result of the Director’s
not being nominated for reelection by the Board, but not as a result of the
Director’s declining to serve again;

 

(iii)          the
termination of the Director’s service on the Board because the Director,
although nominated for reelection by the Board, is not reelected by the
Stockholders;

 

(iv)          the
termination of the Director’s service on the Board because of (A) the Director’s
resignation at the request of the Nominating Committee of the Board, (B) the
Director’s removal by action of the Stockholders, or (C) the sale, merger or
consolidation of, or a similar extraordinary transaction involving, the
Corporation; or

 

(v)           the
termination of the Director’s service on the Board because of disability or
death.

 

2.5 Forfeiture of Restricted Stock. As
of the date (“Termination Date”) a Director ceases to be a member of the Board
for any reason, the Director shall forfeit to the Corporation all Restricted
Stock awarded to the Director for which the Restricted Period has not ended as
of or prior to the Termination Date.

 

2.6 Release of Restricted Stock. Restricted Stock shall be released to the Director, free and clear of all restrictions and other provisions of the Plan, on the first business day immediately following the last day of the Restricted Period with respect to such Restricted Stock, unless the Director has made a deferral election pursuant to Appendix A to the Plan.
 
2.7 Restrictions. Restricted Stock shall be subject to the following restrictions during the Restricted Period:
 
(a) The Restricted Stock shall be subject to forfeiture to the Corporation as provided in Section 2.5 of the Plan.
 
(b) The Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, and neither the right to receive Restricted Stock nor any interest under the Plan may be assigned by a Director, and any attempted assignment shall be void.

 

3

 

(c) Each Certificate representing shares of Restricted Stock shall be held by the Corporation and shall, at the option of the Corporation, bear an appropriate restrictive legend and be subject to appropriate “stop transfer” orders. The Director shall deliver to the Corporation a stock power endorsed in blank to the Corporation.
 
(d) Any additional Stock or other securities or property (other than cash) that may be issued with respect to Restricted Stock as a result of any stock dividend, stock split, business combination or other event, shall be subject to the restrictions and other provisions of the Plan.
 
(e) The issuance of any Restricted Stock award shall be subject to and contingent upon (i) completion of any registration or qualification of the Stock under any federal or state law or governmental rule or regulation that the Corporation, in its sole discretion, determines to be necessary or advisable; (ii) the execution by the Director and delivery to the Corporation of (A) any agreement reasonably required by the Corporation, and (B) the stock power referred to in Section 2.7(c); and (iii) the payment by the Director to the Corporation of the par value of the Restricted Stock, except to the extent that Treasury Shares are issued in connection with the award.
 
Section 3. General Provisions
 
3.1 Administration. The Plan shall be administered by a committee (the “Committee”) that shall be the Nominating and Governance Committee of the Board or such other committee of Directors as may be designated by the Board. The Committee shall have full power, discretion and authority to interpret and administer the Plan, except that the Committee shall have no power to (a) determine the eligibility for awards of Restricted Stock or the number of shares of Restricted Stock to be awarded or the timing or value of awards of Restricted Stock to be awarded to any Director, or (b) take any action specifically delegated to the Board under the Plan. The Committee’s interpretations and actions shall, except as otherwise determined by the Board, be final, conclusive and binding upon all persons for all purposes.
 
3.2 No Retention Rights. Neither the establishment of the Plan nor the awarding of Restricted Stock to a Director shall be considered to give the Director the right to be retained on, or nominated for reelection to, the Board, or to any benefits or awards not specifically provided for by the Plan.
 
3.3 Interests Not Transferable. Except as to withholding of any tax required under the laws of the United States or any state or locality, no benefit payable at any time under the Plan shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment, or other legal process, or encumbrance of any kind. Any attempt to alienate, sell, transfer, assign, pledge, attach or otherwise encumber any such benefits whether currently or thereafter payable, shall be void. No benefit shall, in any manner, be liable for or subject to the debts or liabilities of any person entitled to such benefits. If any person shall attempt to, or shall alienate, sell, transfer, assign, pledge or otherwise encumber such person’s benefits under the Plan, or if by reason of such person’s bankruptcy or any other event, such benefits would devolve upon any other person or would not be enjoyed by the person entitled thereto under the Plan, then the Committee, in its discretion, may terminate the interest in any such benefits of the person entitled

 

4

 

thereto under the Plan and hold or apply them to or for the benefit of such person entitled thereto under the Plan or such person’s spouse, children or other dependents, or any of them, in such manner as the Committee may deem proper.
 
3.4 Amendment and Termination. The Board may at any time amend or terminate the Plan; provided that:
 
(a) no amendment or termination shall, without the written consent of a Director, adversely affect the Director’s rights under outstanding awards of Restricted Stock; and
 
(b) Stockholder approval of any amendment shall be required if Stockholder approval is required under applicable law or the listing requirements of any national securities exchange on which are listed any of the Corporation’s equity securities.
 

3.5
Severability. If all or any part
of the Plan is declared by any court or governmental authority to be unlawful
or invalid, such unlawfulness or invalidity shall not serve to invalidate any
portion of the Plan not declared to be unlawful or invalid. Any Section or part
thereof so declared to be unlawful or invalid shall, if possible, be construed
in a manner which will give effect to the terms of such Section or part thereof
to the fullest extent possible while remaining lawful and valid.

 

3.6 Controlling Law. The law of Delaware, except its law with respect to choice of law, shall be controlling in all matters relating to the Plan.

 

5

 

APPENDIX
A

TO ALLIANT TECHSYSTEMS INC.

AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR

RESTRICTED STOCK PLAN

 

RESTRICTED
STOCK DEFERRALS

 

Section 1.               Purpose and Effect.

 

(a)           This Appendix A to the Alliant Techsystems
Inc. Amended and Restated Non-Employee Director Restricted Stock Plan (the “Plan”)
authorizes the deferral of income that would otherwise be recognized upon the
lapse of restrictions applicable to Restricted Stock awards under the Plan.

 

(b)           In accordance with the rules set
forth in this Appendix A, Directors may elect to forfeit shares of Restricted
Stock that would otherwise vest pursuant to the terms of the Plan and the
relevant Restricted Stock award in exchange for the Corporation’s agreement to
pay deferred compensation in the form of unrestricted shares of Stock (“Restricted
Stock Deferral”). The Restricted Stock awards that may be subject to deferral
elections authorized by this Appendix A are limited solely to those made under
the Plan.

 

(c)           No Restricted Stock or other shares
of Stock are authorized to be issued under this Appendix A other than pursuant
to Section 5(c) of this Appendix A. Grants and vesting of Restricted Stock
awards are governed by the Plan, as it may be amended from time to time.

 

Section 2.               Definitions. For purposes
of this Appendix A, the terms defined in the Plan shall have the same meanings
when used in this Appendix A. In addition, the terms listed below shall have
the following meanings:

 

(a)           Deferred Stock Unit Account
shall mean the account established for each Director in accordance with Section
5 of this Appendix A.

 

(b)           Stock Unit shall mean each one
of the units credited to a Director’s Deferred Stock Unit Account based on the
number of shares of Restricted Stock forfeited pursuant to Section 4 of this
Appendix A or shares of Stock credited to the Deferred Stock Unit Account
pursuant to Section 5(c) of this Appendix A.

 

Section 3.               Eligibility. A person
shall be eligible to make deferrals pursuant to this Appendix A if he or she is
a non-employee member of the Board of Directors of the Corporation who
participates in the Plan. A person who ceases to be a non-employee member of
the Board of the Corporation shall not be eligible to make deferrals pursuant
to this Appendix A.

 

Section 4.               Restricted Stock Deferral.

 

(a)           For Restricted Stock with respect to
which the Restricted Period would otherwise end pursuant to Section 2.4 of the
Plan (the “Vesting Date”) before January 1, 2005, at least 12

 

 

complete months prior to the Vesting Date a Director may elect, in
accordance with the procedures set forth in this Section 4 and elsewhere in
this Appendix A, to forfeit all of such shares of Restricted Stock and be
credited instead in the Director’s Deferred Stock Unit Account with a number of
Stock Units equal to the number of shares of Restricted Stock forfeited
pursuant to the deferral election. For Restricted Stock with respect to which
the Vesting Date would otherwise occur between January 1, 2005 and December 31,
2008, a Director may make such a deferral election on or before March 15, 2005.
For Restricted Stock with respect to which the Vesting Date would otherwise
occur in 2009, a Director may make such a deferral election on or before
December 31, 2005. If a Director is initially elected as a Director prior to
the 2006 annual meeting of stockholders, the Director may make a deferral
election within 30 days after the date of being elected to the Board with
respect to the number of shares of Restricted Stock that would otherwise be
granted as of the date of the 2006 annual meeting of stockholders.

 

(b)           A deferral election made pursuant to
this Section 4 shall be timely made in writing in accordance with Section 7 of
this Appendix A and shall specify the time of payment in accordance with the
rules for payment under Section 6 of this Appendix A. Any deferral election
made pursuant to this Section 4 shall be irrevocable and shall apply to 100%,
but not less than 100%, of the shares of Restricted Stock with respect to which
the Restricted Period would otherwise end on the Vesting Date.

 

(c)           For an election to defer Restricted
Stock to be valid the deferral election form must (i) be received by the
Corporation (to the attention of the Corporate Secretary) by the time prescribed
in subsection (a) and (ii) provide for the forfeiture of the Restricted Stock
which is the subject of the deferral election and, if applicable, the transfer
to and reacquisition by the Corporation of such Restricted Stock as of the date
of receipt by the Corporation of the election to defer.

 

Section 5.               Deferred Stock Unit Account.
A Deferred Stock Unit Account shall be established and maintained on behalf of
each Director for Restricted Stock deferred pursuant to this Appendix A,
subject to the following rules:

 

(a)           For each share of Restricted Stock
deferred, a Stock Unit shall be credited to the Director’s Deferred Stock Unit
Account as of the Vesting Date of the Restricted Stock subject to the deferral
election.

 

(b)           On each payment date for any cash dividends
paid on the Corporation’s Stock, the Corporation shall pay to each Director an
amount equal to the cash dividends that would be payable by the Corporation on
a number of shares of Stock equal to the number of Stock Units in the Director’s
Deferred Stock Unit Account as of such payment date. Such amounts shall be paid
directly to each Director in cash and shall not be eligible for deferral under
this Plan.

 

(c)           The number of units credited to the
Director’s Deferred Stock Unit Account shall be appropriately and equitably
adjusted to reflect any change in the outstanding Stock of the Corporation in
the event of any recapitalization, reorganization, merger, consolidation,
spin-off, combination, repurchase, exchange of shares or other securities of the
Corporation, stock split, reverse stock split, stock dividend, extraordinary
dividend, liquidation, dissolution, or other similar corporate transaction or
event affecting the Corporation.

 

2

 

(d)           Directors who elect to make a
deferral of Restricted Stock in accordance with this Appendix A will have no
rights as Stockholders of the Corporation with respect to Stock Units credited
to their Deferred Stock Unit Accounts.

 

Section 6.               Payment of Deferred Amounts.

 

(a)           Payment of the aggregate value of
100% of the Stock Units in the Director’s Deferred Stock Unit Account shall be
made in a lump sum at the time specified by the Director in his or her deferral
election (the “Payment Date”), but in no event later than the later of the last
day of the calendar year in which the Payment Date occurs or the 15th
day of the third calendar month following the Payment Date. Notwithstanding the
foregoing, in all events payment of a Director’s entire Deferred Stock Unit
Account shall be made in a lump sum as soon as administratively feasible
following the termination of the Director’s service on the Board, but in no
event later than the later of the last day of the calendar year in which such
termination of service occurs or the ninetieth day following such termination
of service. The date of termination of service of a Director shall constitute
the Payment Date for purposes of this Appendix A.

 

(b)           Payment of the aggregate value of the
Stock Units in a Director’s Deferred Stock Unit Account shall be made solely in
the form of shares of Stock. On the Payment Date the Corporation shall pay to
the Director a number of shares of Stock equal to the number of Stock Units in
the Director’s Deferred Stock Unit Account on such Payment Date.

 

(c)           A Director shall submit to the
Corporation a written designation of the beneficiary or beneficiaries to whom
payment of the aggregate value of the Director’s Deferred Stock Unit Account
shall be made in the event of the Director’s death. Beneficiary designations
shall become effective only when received by the Corporation. If a Director has
not designated a beneficiary, or if no beneficiary is living on the Payment
Date, the Director’s vested account shall be distributed to the representative
of the Director’s estate. Payment to the Director’s designated beneficiary
shall be made in the form of Stock in accordance with the provisions of
Sections 6(a) and 6(b) of this Appendix.

 

Section 7.               Forms and Procedure. Deferral
elections and beneficiary designations made pursuant to this Appendix A must be
made in writing on forms substantially similar to the forms set forth in
Exhibit I to this Appendix A, and shall be subject to such other procedural
rules as the Committee may establish.

 

Section 8.               Effect on Restricted Stock
Awards. Deferral elections made pursuant to this Appendix A shall
constitute amendments to the Restricted Stock awards to which the deferral
elections apply, but only to the extent such Restricted Stock awards are
expressly modified by this Appendix A. Any shares of Stock paid to a Director
pursuant to this Appendix A with respect to a Director’s deferral election
shall be issued under the Plan with respect to the corresponding Restricted
Stock award.

 

Section 9.               Unfunded and Unsecured Plan.
The Director’s Deferred Stock Unit Account shall be hypothetical in nature and
shall be maintained for bookkeeping purposes only. The Deferred Stock Unit
Account shall be unfunded for tax purposes and no provision shall be

 

3

 

made at any
time with respect to segregating assets of the Corporation for payment of
amounts in the Deferred Stock Unit Account. The obligation of the Corporation
to make payments pursuant to this Appendix A constitutes an unsecured but
legally enforceable promise of the Corporation to make such payments.

 

Section 10. Effective
Date. This Appendix A shall be effective as of the date adopted by the
Board of Directors of the Corporation and the deferral election provided herein
shall be available only with respect to awards of Restricted Stock made
pursuant to the Plan on or after the effective date hereof. This Appendix A was
amended and restated effective as of January 1, 2005 to comply with section
409A of the Internal Revenue Code of 1986, as amended. This Appendix A is
further amended and restated as of October 30, 2007.

 

Section 11. Construction.
Any deferral election that is inconsistent with Code section 409A with respect
to Restricted Stock for which the Vesting Date is after December 31, 2004 shall
not be effective.

 

4

 

EXHIBIT I TO APPENDIX A

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK

DEFERRAL ELECTION FORM

AND DESIGNATION OF BENEFICIARY FORM

 

ALLIANT TECHSYSTEMS INC.

AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR

RESTRICTED STOCK PLAN

Amended and Restated as of December 12, 2005

 

ELECTION TO DEFER

 

TO:                          Alliant Techsystems Inc.

Attn:  Assistant Secretary

 

Pursuant to the terms and conditions of the Alliant Techsystems Inc.
Amended and Restated Non-Employee Director Restricted Stock Plan, Amended and
Restated as of December 12, 2005 (the “Plan”), I hereby make the following
election to defer with respect to Restricted Stock to be awarded to me pursuant
to the Plan.

 

All capitalized terms not expressly defined in this election to defer
have the meanings set forth in the Plan.

 

1.                                       Deferral of Restricted Shares: I hereby
irrevocably:

 

(a)  elect
to defer 100% of my Restricted Stock award described below that, in accordance
with the provisions of the Plan, will be awarded on the date set forth below;
and

 

(b)  agree
that such Restricted Stock award shall be waived.

 

Please complete:

 

Number of Shares                           

 

Award Date of
Shares:  August

 

Vesting Date:  August

 

As set forth in Section 4(a) of Appendix A to the Plan, “Vesting Date”
means the date on which the Restricted Period ends with respect to that
Restricted Stock pursuant to Section 2.4 of the Plan.

 

 

2.             Time of Payment: 
I hereby irrevocably elect to have my Deferred Stock Unit
Account paid out at the following time:

 

o  as
soon as administratively practicable after I cease to be a Director of the
Corporation; or

 

o  at such other time as here specified                                                                                     (not
later than the Plan provides).

 

I understand that all payments of my Deferred Stock Unit Account will
be made in the form of Stock of the Corporation in accordance with the terms of
the Plan.

 

This election to defer is made as of the date
of my signature below. I understand and acknowledge that to be effective this
election to defer form must be fully and properly completed and received by the
Corporation in accordance with the terms of the Plan.

 

I understand that the foregoing elections are
irrevocable and will apply to all of the Restricted Stock described above. This
election to defer constitutes an amendment to the Restricted Stock award to
which this election applies, but only to the extent that the award of
Restricted Stock is expressly modified by the election.

 

I certify that the foregoing elections are
not being made in reliance upon any financial or tax advice given by the
Corporation. I understand that I should consult my own tax advisor as to the
tax consequences of my elections.

 

 

	
  Date:

  	
   

  	
   

  	
  Director’s
  Signature:

  	
   

  	
   

  

 

 

Received by the
Corporation:

 

Alliant Techsystems
Inc.

 

	
  Date:

  	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged:

  	
   

  	
   

  
	
   

  	
  Name and Title

  
	
   

  	
  Office of Corporate Secretary

  
					

 

2

 

AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR

RESTRICTED STOCK PLAN

Amended and Restated as of December 12, 2005

 

DESIGNATION OF BENEFICIARY

(Please type or print)

 

	
  Name
  of Director

  	
  Marital Status: Single

  	
   

  	
  o

  
	
  Social
  Security No.

  	
  Married

  	
   

  	
  o

  

 

I
hereby revoke any previous designation(s) of beneficiary made by me with
respect to amounts payable by Alliant Techsystems Inc. (the “Corporation”)
under the Corporation’s Non-Employee Director Restricted Stock Plan in the
event of my death; and I hereby designate the following person(s) or entity to
receive, upon my death, any such amounts:

 

Primary Beneficiary or Beneficiaries:

 

	
  Name:

  	
  Share:         %

  	
  Relationship:

  	
  Birth
  Date:

  
	
  Address:

  	
   

  	
      SS #

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Share:         %

  	
  Relationship:

  	
  Birth
  Date:

  
	
  Address:

  	
   

  	
      SS #

  	
   

  

 

Contingent
Beneficiary or Beneficiaries (if your Primary Beneficiary(ies) all predecease you):

 

	
  Name:

  	
  Share:         %

  	
  Relationship:

  	
  Birth
  Date:

  
	
  Address:

  	
   

  	
      SS #

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Share:         %

  	
  Relationship:

  	
  Birth
  Date:

  
	
  Address:

  	
   

  	
      SS #

  	
   

  

 

 

	
  Date:

  	
   

  	
   

  	
  Director’s
  Signature:

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