{"id":40144,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/non-qualified-stock-option-agreement-alliant-techsystems-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"non-qualified-stock-option-agreement-alliant-techsystems-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/non-qualified-stock-option-agreement-alliant-techsystems-inc.html","title":{"rendered":"Non-Qualified Stock Option Agreement &#8211; Alliant Techsystems Inc."},"content":{"rendered":"<pre>\n  NON-QUALIFIED STOCK OPTION                          [ALLIANT TECHSYSTEMS LOGO]\n            AGREEMENT\n\n                              NUMBER OF SHARES    OPTION PRICE   SOCIAL SECURITY\n  GRANTED TO    GRANT DATE    OF COMMON STOCK       PER SHARE        NUMBER\n  ----------    ----------    ---------------       ---------        ------\n\n\n           EXPIRATION\n              DATE\n              ----\n\n\n1. The Option. Alliant Techsystems Inc., a Delaware corporation (the 'Company')\nhereby grants to the individual named above (the 'Employee'), as of the above\nGrant Date, an option, without limited stock appreciation rights (LSARs) (the\n'Option'), to purchase the above Number of Shares of Common Stock of the\nCompany, for the above Option Price Per Share, on the terms and conditions set\nforth in this Non-Qualified Stock Option Agreement (this 'Agreement'), in the\namended and restated Alliant Techsystems Inc. 1990 Equity Incentive Plan (the\n'Plan'), and in the Addendum on the reverse side hereof.\n\n2. Exercise of Option. The exercise of the Option is subject to the following\nconditions and restrictions:\n\n     (a) The Option may be exercised only by the Employee (or by appropriate\n     representatives in the event of the Employee's death), in whole or in part\n     from time to time as provided in Paragraph 2(b) below, during the period\n     commencing on the dates set forth in Paragraph 2(b) below and ending on the\n     earlier of (i) the above Expiration Date, or (ii) the expiration of the\n     applicable period following the date of the Employee's termination of\n     employment with the Company or one of its subsidiaries, as provided in\n     Paragraph 4 below. In no event, however, may the Option be exercised to any\n     extent after the Expiration Date.\n\n     (b) The Option shall become exercisable to the extent of one third of the\n     above Number of Shares of Common Stock on each of the first, second, and\n     third anniversaries of the Grant Date. Once the Option has become\n     exercisable, it may be exercised to the extent set forth in the preceding\n     sentence at any time thereafter, subject to the provisions of Paragraph\n     2(a) above.\n\n3. Manner of Exercise. The Option shall be exercised by the delivery of written\nnotice of exercise (the 'Notice') to the Director, Compensation and Benefits of\nthe Company at its executive office. The Notice shall be on such form as the\nCompany may prescribe, and shall specify the number of shares of Common Stock of\nthe Company as to which the Option is being exercised (the 'Shares'), and shall\nbe accompanied by payment of the purchase price of the Shares either in cash\n(certified or cashier's check payable to the Company) or by the delivery of\nCommon Stock of the Company, or both. If requested by the Company, the Notice\nshall contain or be accompanied by a representation that the Shares are being\nacquired for investment and not with a view to\n\n \ndistribution or resale. The Notice shall also be accompanied by such other\ninformation and documents as the Company, in its discretion, may request.\n\n4. Termination of Employment. Subject to the provisions of Paragraph 2(a) above,\nthe Option may be exercised as provided in the Plan to the following extent for\nthe following period after the Employee's Termination of Employment (as defined\nin the Plan):\n\n     (a) For three years following death prior to Termination of Employment to\n     the extent exercisable on the date of death, and for 180 days following\n     death after Termination of Employment to the extent exercisable on the date\n     of Termination of Employment;\n\n     (b) For three years after layoff or retirement to the extent exercisable on\n     the date of Termination of Employment;\n\n     (c) For three years after Disability (as defined in the Plan) to the extent\n     exercisable on the date of Termination of Employment; or\n\n     (d) For 90 days after Termination of Employment for any other reason, other\n     than for cause, to the extent exercisable on the date of Termination of\n     Employment.\n\nThe Option may not be exercised following Termination of Employment for cause.\n\n5. Income Taxes. The Employee is liable for any federal, state and local income\ntaxes applicable upon the grant or exercise of the Option or the disposition of\nthe Shares. Upon demand by the Company, the Employee shall promptly pay to the\nCompany in cash, and\/or the Company may withhold from the Employee's\ncompensation or from the Shares an amount necessary to pay, any income\nwithholding taxes required by the Company to be collected in connection with the\nexercise of the Option or the disposition of the Shares. For federal income tax\npurposes, the Option shall not be eligible for treatment as a qualified or\nincentive stock option.\n\n6. Acknowledgment. The Option may not be exercised in whole or in part until the\nEmployee dates and signs the form of Acknowledgment below and returns a copy of\nthis Agreement to the Company. By signing the Acknowledgment, the Employee\nagrees to the terms and conditions referred to in Paragraph 1 above and\nacknowledges receipt of a copy of the Prospectus related to the Plan.\n\nACKNOWLEDGMENT:                             ALLIANT TECHSYSTEMS INC.\n\n_________________________                   ____________________________\n  EMPLOYEE'S SIGNATURE                      Richard Schwartz\n_________________________                   Chairman of the Board, President and\n          DATE                              Chief Executive Officer\n_________________________\n  SOCIAL SECURITY NUMBER\n\n \n                                  ADDENDUM TO\n                     NON-QUALIFIED STOCK OPTION AGREEMENT\n\nThe terms and conditions set forth in this Addendum are applicable to the Option\ngrant referred in Paragraph 1 of the Agreement on the reverse side hereof.\nCapitalized terms used in this Addendum, and not otherwise defined herein, shall\nhave the meaning attributed to them in the Agreement.\n\nNotwithstanding any provisions of the Plan and\/or the Agreement to the contrary,\nand in consideration for the Employee's being a participant in the Alliant\nTechsystems Inc. Income Security Plan, or a successor plan so identified therein\n(the 'Income Security Plan'), at any point in time that the Employee is a\nParticipant (as defined in the Income Security Plan) in the Income Security\nPlan, the provisions of the Plan with respect to the effects on the Option of a\nChange of Control (as defined in the Plan) shall be inapplicable, and the\nprovisions of the Income Security Plan with respect to the Obligations of\nCompany Upon Qualifying Termination (as currently set forth in Section 4 of the\nIncome Security Plan), shall apply instead.\n\n                                         ALLIANT TECHSYSTEMS INC.\n\n\n\n\n_______________________________          By:_________________________\n    Employee's Signature                    Richard Schwartz, Chairman of\n                                            the Board, President and Chief\n_______________________________             Executive Officer\n             Date\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-40144","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\/40144","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=40144"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40144"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40144"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}