Document:

Exhibit 10.3

 Exhibit 10.3 
 NON-STATUTORY STOCK OPTION AGREEMENT 
 PURSUANT TO THE GENERAL DYNAMICS CORPORATION 

2009 EQUITY COMPENSATION PLAN 
 THIS
OPTION AGREEMENT (the “Agreement”) dated as of [            ] (the “Grant Date”) is made between General Dynamics Corporation (the “Company”) and
[            ] (the “Optionee”). 
 WHEREAS, the Company
sponsors the General Dynamics Corporation 2009 Equity Compensation Plan (the “Plan”), pursuant to which the Company may grant Options to purchase shares of Common Stock; 
 WHEREAS, the Company desires to grant the Optionee a Non-Statutory Stock Option to purchase the number of shares of Common Stock provided for herein; and

 WHEREAS, the Company may also grant other Options to the Grantee on the Grant Date (such other Options, together with this Option, being
hereinafter referred to as the “Total Option Grant”). 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements
herein contained, the parties hereto agree as follows: 
 1. Grant of Option. 
 (a) Number of Shares; Type of Option. The Company hereby grants to the Optionee an Option to purchase
[            ] shares of Common Stock (the “Option Shares” and, together with the shares of Common Stock subject to the Total Option Grant, the “Total Option
Shares”) on the terms and conditions set forth in this Agreement. The Option is intended to be a Non-Statutory Stock Option. 
 (b)
Incorporation of Plan by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement will be construed in accordance with the provisions of the Plan
and any capitalized terms not otherwise defined in this Agreement will have the definitions set forth in the Plan. The Committee will have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations
under them, and its decisions will be binding and conclusive upon the Optionee and the Optionee’s legal representative in respect of any questions arising under the Plan or this Agreement. If there exists any inconsistency between the terms of
this Agreement and the Plan, the terms contained in the Plan will govern. If there exists any inconsistency between the terms of the Option as provided for herein (including, but not limited to, terms relating to the number of Option Shares, the
Stated Expiration Date, the exercise price and the exercisability of the Option) and the terms as indicated in the records maintained by Company, the terms as indicated in the records of the Company will govern. 
  

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 2. Terms and Conditions. 
 (a) Exercise Price. The exercise price for the purchase of Option Shares upon the exercise of all or any portion of the Option will be
$[            ] per share of Common Stock. 
 (b) Expiration Date.
Subject to earlier expiration as provided in Section 2(e) below, the Option will expire at the close of business on the business day immediately preceding the fifth
[            ] anniversary of the date hereof (the “Stated Expiration Date”). 
 (c) Exercisability of Option. The Total Option Grant will become vested and exercisable with respect to one-half (1/2) of the Total Option Shares on the first anniversary of the Grant Date and with respect
to the remaining Total Option Shares on the second anniversary of the Grant Date, in each case, only if the Optionee is employed as an employee or serves as a director of the Company as of the applicable vesting date or dies prior to the applicable
vesting date while employed by the Company or serving as a director of the Company; provided, however, if, the Optionee’s employment or service as a director is terminated as a result of one of the events specified in Section 2(e)(i)
(other than death), then the Total Option Grant will become vested and exercisable on the anniversary of the Grant Date next following such termination with respect to a number of Total Option Shares equal to the excess of (i) product of
(A) the number of Total Option Shares and (B) a fraction, the numerator of which will be the number of days from January 1 of the year in which the Grant Date occurs to the last day of the month in which such termination occurs and
the denominator of which will be 730, such product to be rounded down to the nearest whole share over (ii) the number of Total Option Shares, if any, with respect to which the Total Option Grant had become vested and exercisable prior to such
termination (the “Pro Rated Option Shares”). To the extent that the Total Option Grant includes Options that are intended to be ISO’s (the “ISO Option Shares”), the Total Option Shares that become vested and exercisable on
the first anniversary of the Grant Date will all be ISO Option Shares, to the extent not inconsistent with Section 422 of the Code. The number of Pro Rated Option Shares that will be ISO Option Shares will be equal to the lesser of (i) the
number of Pro Rated Option Shares or (ii) the number of ISO Option Shares that have not become vested and exercisable as of the date on which the Optionee’s employment or service as a director terminates (the “Pro Rated ISO
Shares”). The number of Pro Rated Option Shares that will be Total Option Shares subject to a Non-Statutory Stock Option will be equal to the excess, if any, of (i) the number of Pro Rated Option Shares over (ii) the number of Pro
Rated ISO Shares. Notwithstanding the foregoing, in the event that within two (2) years following a Change in Control, the Optionee’s service with the Company and its affiliates is terminated (i) by the Company or any of its
affiliates for any reason other than for Cause or (ii) by the Optionee for Good Reason, the Total Option Grant, to the extent then outstanding, will become immediately vested and exercisable. 
 (d) Method of Exercise. The exercise price for any shares purchased pursuant to the exercise of all or part of the Option will be paid in
accordance with Section 10(d) of the Plan. 
 (e) Exercise Following Termination. Notwithstanding anything in this Agreement to
the contrary, the Option will expire upon the Optionee’s termination of employment or service as a director; provided, however that to the extent the Option is exercisable at the time of such termination or may become exercisable following such
termination pursuant to the first sentence of Section 2(c) above, the Option will expire as follows: 
  

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 (i) Death; Disability; Retirement; Divestiture. Three (3) years (but in no event later than
the Stated Expiration Date) following the Optionee’s termination of employment or service as a director due to death, total and permanent disability, Retirement or as a result of a divestiture or discontinued operation of a division or a
Subsidiary with which the Optionee was associated. For purposes of this Agreement, “Retirement” means, (A) with respect to an employee who is not an elected officer of the Company on the date on which the employee’s employment
with the Company terminates, the termination of employment after the attainment of age 55 with at least five (5) or more years of continuous service and (B) with respect to an employee who is an elected officer of the Company on the date
on which the employee’s employment with the Company terminates, termination of employment after attaining age 55 with the consent of the Chief Executive Officer of the Company. 
 (ii) Lay-Off. One (1) year (but in no event later than the Stated Expiration Date) following the Optionee’s termination of employment
if the Optionee’s employment terminates due to lay-off (other than as a result of a divestiture or discontinued operation of a division or a Subsidiary). 
 (iii) Other than Death; Disability; Retirement; Divestiture; Lay-Off. Ninety (90) days (but in no event later than the Stated Expiration Date) following the Optionee’s termination of employment or
service as a director for any reason (other than those set forth in clauses (i) and (ii) above). 
 (f) Nontransferability.
The Option granted hereunder is not transferable by the Optionee otherwise than by will or the laws of descent and distribution, and the Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee’s guardian
or legal representative. The terms of the Option will be binding upon the beneficiaries, executors, administrators, heirs and successors of the Optionee. 
 3. Miscellaneous. 
 (a) No Right to Continued Employment. Nothing in the Plan or in this
Agreement will confer upon the Optionee any right to continue in the employ of the Company nor interfere with or restrict in any way the right of the Company, which is hereby expressly reserved, to remove, terminate or discharge the Optionee at any
time for any reason whatsoever, with or without cause. 
 (b) Modification; Entire Agreement; Waiver. No change, modification or
waiver of any provision of this Agreement will be valid unless the same is agreed to in writing by the parties hereto. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject
matter contained herein and therein and supercede all prior communications, representations and negotiations in respect thereof. The failure of the Company to enforce, at any time, any provision of this Agreement will in no way be construed to be a
waiver of such provision or of any other provision hereof. 
 (c) Bound by Plan and Other Related Documents. By accepting this Option,
the Optionee acknowledges that the Optionee has received a copy of the Plan and General Dynamics Corporate Policy 03-103, “Detection and Prevention of Insider Trading in General 

  

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Dynamics Corporation Securities” (the “Trading Policy”) and has had an opportunity to review the Plan and the Trading Policy and agrees to be
bound by all the terms and provisions of the Plan and the Trading Policy. 
 (d) Successors. The terms of this Agreement will be
binding upon and inure to the benefit of the Company, its successors and assigns, and of the beneficiaries, executors, administrators, heirs and successors of the Optionee. 
  

 4Exhibit 10.4

 Exhibit 10.4 
 RESTRICTED STOCK AWARD AGREEMENT 
 PURSUANT TO THE GENERAL DYNAMICS CORPORATION 
 2009 EQUITY COMPENSATION PLAN 
 This
Restricted Stock Award Agreement (the “Agreement”) is entered into as of [            ], (the “Grant Date”), by and between General Dynamics Corporation (the
“Company”) and [            ] (the “Grantee”). 
 WHEREAS, the Company sponsors the General Dynamics Corporation 2009 Equity Compensation Plan (the “Plan”), pursuant to which the Company may grant shares of Restricted Stock; and 
 WHEREAS, the Company desires to grant the Grantee a Restricted Stock award. 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows: 
 1. Number of Shares. The Grantee is hereby granted [            ] shares of
Restricted Stock, subject to the restrictions set forth herein. 
 2. Terms of Restricted Stock. The grant of Restricted Stock
provided in Section 1 hereof will be subject to the following terms, conditions and restrictions: 
 (a) Incidents of Ownership.
Subject to the restrictions set forth in the Plan and this Agreement, the Grantee will possess all incidents of ownership of the Restricted Stock granted hereunder, including the right to receive dividend equivalents with respect to such shares and
the right to vote such shares. 
 (b) Restricted Period. Except as may otherwise be provided herein, the restrictions on transfer of
the Restricted Stock will lapse on the first day of January on which the New York Stock Exchange is open for business of the fourth calendar year following the calendar year in which the Grant Date occurs (the “Restricted Period”) provided
that the Grantee is employed by the Company or is serving as a director of the Company on such date or dies prior to such date while employed by the Company or serving as a director of the Company. Upon the lapse of restrictions relating to the
Restricted Stock, the Company, in its sole discretion, may either issue to the Grantee or the Grantee’s personal representative a stock certificate representing, or deposit in such Grantee’s or the Grantee’s personal
representative’s brokerage account via electronic transfer, one share of Common Stock, free of the restrictive legend described in Section 3 hereof, in exchange for each whole share of Restricted Stock with respect to which such
restrictions have lapsed. If certificates representing such Restricted Stock have previously been delivered to the Grantee or shares have previously been deposited in such Grantee’s brokerage account, the Grantee will return such certificates
or shares to the Company, complete with any necessary signatures or instruments of transfer, prior to the issuance by the Company of such unlegended shares of Common Stock. 

 (c) Transfer Restrictions. Shares of Restricted Stock, and any interest therein, may not be sold,
assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution, prior to the lapse of restrictions set forth in the Plan and this Agreement applicable thereto, as set forth in this
Section 2. 
 (d) Incorporation of Plan by Reference, Etc. The provisions of the Plan are hereby incorporated herein by
reference. Except as otherwise expressly set forth herein, this Agreement will be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement will have the definitions set forth in the
Plan. The Committee will have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations under them, and its decisions will be binding and conclusive upon the Grantee and the Grantee’s legal
representative in respect of any questions arising under the Plan or this Agreement. If there exists any inconsistency between the terms of this Agreement and the Plan, the terms contained in the Plan will govern. If there exists any inconsistency
between the terms of the Restricted Stock as provided for herein (including, but not limited to, terms relating to the number of shares of Restricted Stock or the termination of the Restricted Period) and the terms as indicated in the records
maintained by Company, the terms as indicated in the records of the Company will govern. 
 3. Certificate; Restrictive Legend. The
Grantee agrees that any certificate issued for Restricted Stock prior to the lapse of any outstanding restrictions relating thereto will be inscribed with the following legend: 
 This certificate and the shares of stock represented hereby are subject to the terms and conditions, including forfeiture provisions and restrictions
against transfer (the “Restrictions”), contained in the General Dynamics Corporation Equity Compensation Plan and an agreement entered into between the registered owner and the Company. Any attempt to dispose of these shares in
contravention of the Restrictions, including by way of sale, assignment, transfer, pledge, hypothecation or otherwise, will be null and void and without effect. 
 4. Termination of Employment or Service as a Director. 
 (a) General. In the event that
(i) the Grantee ceases to be employed by the Company or ceases to be a director of the Company for any reason (other than due to death, total and permanent disability, Retirement (as defined below), divestiture or discontinued operation of a
Subsidiary or division with which the Grantee was associated, or lay-off), prior to the end of the Restricted Period or (ii) the Grantee ceases to be employed by the Company on account of lay-off prior to December 31st of the calendar year
following the calendar year in which the Grant Date occurs (the “Determination Date”), the Restricted Stock will be automatically forfeited by the Grantee on the date of such termination. For purposes of this Agreement,
“Retirement” means, (A) with respect to an employee who is not an elected officer of the Company on the date on which the employee’s employment with the Company terminates, the termination of employment after the attainment of
age 55 with at least five (5) or more years of continuous service and (B) with respect to an employee who is an elected officer of the Company on the date on which the employee’s employment with the Company terminates, termination of
employment after attaining age 55 with the consent of the Chief Executive Officer of the Company. 
  

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 (b) Certain Terminations. In the event that the Grantee ceases to be employed by the Company or
ceases to be a director of the Company due to total and permanent disability, Retirement, divestiture or discontinued operation of a Subsidiary or division with which the Grantee was associated, prior to the Determination Date, then the restrictions
on transfer will lapse on the last day of the Restricted Period with respect to a number of shares of Restricted Stock equal to product of (i) the total number of shares of Restricted Stock granted hereunder and (ii) a fraction, the
numerator of which will be the number of days from January 1 of the year in which the Grant Date occurs to the last day of the month in which such termination occurs and the denominator of which will be 730, such product to be rounded down to
the nearest whole share (the “Pro Rated Restricted Stock”), and the remaining shares of Restricted Stock will be automatically forfeited by the Grantee as of the date of such termination. In the event that the Grantee ceases to be employed
by the Company or ceases to serve as a director of the Company due to total and permanent disability, Retirement, divestiture or discontinued operation of a Subsidiary or division with which the Grantee was associated, or lay-off, in each case, on
or after the Determination Date, then the restrictions on transfer will lapse on the last day of the Restricted Period with respect to all of the shares of Restricted Stock granted hereunder. Notwithstanding the foregoing, all of the shares of
Restricted Stock will be automatically forfeited by the Grantee if the Grantee causes “Harm” (as defined below) to the Company during the Restricted Period. For purposes of this Agreement, “Harm” includes, but is not limited to,
any actions that adversely affect the Company’s financial standing, reputation, or products, or any actions involving personal dishonesty, a felony conviction related to the Company, or any material violation of any confidentiality or
non-competition agreement with the Company. 
 (c) Change in Control. Notwithstanding the foregoing, in the event that within two
(2) years following a Change in Control, the Grantee’s service with the Company and its affiliates is terminated (i) by the Company or any of its affiliates for any reason other than for Cause or (ii) by the Grantee for Good
Reason, any shares of Restricted Stock outstanding as of such date, will become immediately vested. 
 5. Tax Withholding. The Company
will withhold from the shares of Restricted Stock otherwise deliverable hereunder such number of shares as it will determine is necessary to satisfy all applicable withholding tax obligations in respect of such shares, unless the Grantee has made
alternative arrangements satisfactory to the Company with respect to such tax withholding obligations. 
 6. Miscellaneous.

 (a) No Right to Continued Employment. Nothing in the Plan or in this Agreement will confer upon the Grantee any right to continue
in the employ of the Company nor interfere with or restrict in any way the right of the Company, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any reason whatsoever, with or without cause.

 (b) Modification; Entire Agreement; Waiver. No change, modification or waiver of any provision of this Agreement will be valid
unless the same is agreed to in writing by the parties hereto. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and therein and supercede all 

  

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prior communications, representations and negotiations in respect thereof. The failure of the Company to enforce, at any time, any provision of this
Agreement will in no way be construed to be a waiver of such provision or of any other provision hereof. 
 (c) Bound by Plan and Other
Related Documents. By accepting the award of Restricted Stock, the Grantee acknowledges that the Grantee has received a copy of the Plan and General Dynamics Corporate Policy 03-103, “Detection and Prevention of Insider Trading in General
Dynamics Corporation Securities” (the “Trading Policy”) and has had an opportunity to review the Plan and the Trading Policy and agrees to be bound by all the terms and provisions of the Plan and the Trading Policy. 
 (d) Successors. The terms of this Agreement will be binding upon and inure to the benefit of the Company, its successors and assigns, and of the
beneficiaries, executors, administrators, heirs and successors of the Grantee. 
  

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