{"id":38911,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-alliant-techsystems-inc-and-paul-david8.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-alliant-techsystems-inc-and-paul-david8","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-alliant-techsystems-inc-and-paul-david8.html","title":{"rendered":"Employment Agreement &#8211; Alliant Techsystems Inc. and Paul David Miller"},"content":{"rendered":"<pre>\n                            ALLIANT TECHSYSTEMS INC.\n\n                 COMPENSATION ARRANGEMENT WITH PAUL DAVID MILLER\n\no    Base salary\n\n     o    $600,000\/year ($50,000\/month)\n\n     o    Salary may adjust from time to time, but not annually\n\no    Annual incentive\n\n     o    $400,000\/year at target; up to 200% of target for achieving\n          outstanding results\n\n     o    Above target incentive, after tax, will be paid in stock until you\n          meet an ownership target of 4x base (starts FY00)\n\n     o    Ownership target = 4 x $600,000\/$75 = 32,000 shares at today's stock\n          price\n\n     o    FY99 MIP incentive will be prorated and paid at 'on-plan', in advance\n          at time of hire\n\n          o    We will 'true-up' this incentive at the end of FY99\n\n          o    $400,000 x 3\/12 = $100,000 (less taxes)\n\no    Long term business performance incentive\n\n          A.   Performance shares payable 3\/31\/00 for FY00 EPS\n\n               o    Threshold: 1,000 shares for EPS = 85% of plan as of 4\/1\/99\n\n               o    Target: 2,000 shares for EPS = plan as of 4\/1\/99\n\n               o    Outstanding: 4,000 shares for EPS = 125% of plan as of\n                    4\/1\/99\n\n          B.   Performance shares payable 3\/31\/01 for average FY00 and FY01 EPS\n\n               o    Threshold: 1,000 shares for average EPS = 85% of plan as of\n                    4\/1\/99\n\n               o    Target: 2,000 shares for average EPS = plan as of 4\/1\/99\n\n               o    Outstanding: 4,000 shares for average EPS = 125% of plan as\n                    of 4\/1\/99\n\n          C.   Future annual performance share grants\n\no    Stock options\n\n     o    150,000 non-qualified stock options\n\n     o    Priced as of the grant date\n\n     o    Vesting 1\/3 per year over 3 years\n\n     o    No additional stock option grants for 3 years\n\no    Flexible perquisites\n\n     o    Up to $15,000 per year in quarterly reimbursements of\n          qualifying expenses\n\n     o    No tax gross-up\n\n          o    Gross expenses are reimbursed at net amount\n\n     o    For qualifying items such as\n\n          o    First class upgrade \n\n          o    Airline 'club' membership\n\n          o    Spouse travel\n\n          o    Car purchase\/lease\n\n          o    Staff entertainment\n\n          o    Home security\n\n          o    Home computer\n\no    Financial counseling\n\n     o    $15,000 first year; $10,000 subsequent years\n\n     o    Direct payment to vendor(s)\n\n     o    Plus tax gross-up\n\n\n \no    Life Insurance\n\n     o    Company provided 'basic' life insurance at 1.5 (base + incentive)\n\n     o    $1,500,000 death benefit\n\n     o    Or any lesser amount, at your election\n\no    Income Security Plan\n\n     o    Provides 3 years of income protection subsequent to a change of\n          control\n\no    Full relocation, including Home Purchase Option Program to cover your move\n     to Minnesota.\n\no    Full relocation, including Home Purchase Option Program to cover your move\n     from Minnesota at the end of your service to Alliant, including loss on\n     sale up to 5% of the purchase price of the Minnesota home.\n\no    All Alliant Techsystems Inc. employee benefits\n\n     o    Cash balance defined benefit plan - vests in 5 years\n\n     o    401k with 50% match on first 4% contribution - immediately vests\n\n     o    Supplemental insurances at group rates\n\n     o    Long term disability insurance at group rates\n\n     o    HealthPartners Minneapolis health care plan at group rates\n\n     o    Vacation: Starting balance = 10 days; Accruing at 15 days per year;\n          subject to plan limits\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6632],"corporate_contracts_industries":[9474],"corporate_contracts_types":[9539,9544],"class_list":["post-38911","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-alliant-techsystems-inc","corporate_contracts_industries-aerospace__ordnance","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38911"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38911"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38911"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}