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Nonqualified Deferred Compensation Plan

Employee Benefits Plan Agreement

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ALLIANT TECHSYSTEMS INC

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Title: Nonqualified Deferred Compensation Plan
Governing Law: Minnesota     Date: 11/2/2007
Industry: AIRDEF     Sector: Capital Goods

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Exhibit 10.6

 

ALLIANT TECHSYSTEMS INC.

Nonqualified Deferred Compensation Plan

Master Plan Document

 

Alliant Techsystems Inc.

 

Nonqualified Deferred Compensation Plan

 

 

As Amended and Restated

 

Effective October 29, 2007

 



 

TABLE OF CONTENTS

 

 

 

 

 

Page

 

 

 

 

 

ARTICLE 1

 

Definitions

 

1

 

 

 

 

 

ARTICLE 2

 

Selection, Enrollment, Eligibility

 

6

 

 

 

 

 

2.1

 

Selection

 

6

2.2

 

Enrollment and Eligibility Requirements; Commencement of Participation

 

6

2.3

 

Termination of a Participant’s Eligibility

 

7

 

 

 

 

 

ARTICLE 3

 

Deferral Commitments; Company Contribution Amounts; Company Restoration Matching Amounts ;Vesting; Crediting; Taxes

 

7

 

 

 

 

 

3.1

 

Minimum Deferrals

 

7

3.2

 

Maximum Deferral

 

8

3.3

 

Election to Defer; Effect of Election Form

 

8

3.4

 

Withholding and Crediting of Annual Deferral Amounts

 

9

3.5

 

Company Contribution Amount

 

10

3.6

 

Company Restoration Matching Amount

 

10

3.7

 

Crediting of Amounts after Benefit Distribution

 

10

3.8

 

Vesting

 

10

3.9

 

Crediting and Debiting of Account Balances

 

10

3.10

 

FICA and Other Taxes

 

12

 

 

 

 

 

ARTICLE 4

 

Scheduled Distribution; Unforeseeable Financial Emergencies

 

13

 

 

 

 

 

4.1

 

Scheduled Distribution

 

13

4.2

 

Postponing Scheduled Distributions

 

13

4.3

 

Certain Benefits Take Precedence Over Scheduled Distributions

 

14

4.4

 

Withdrawal Payout; Suspensions for Unforeseeable Financial Emergencies

 

14

 

 

 

 

 

ARTICLE 5

 

Retirement Benefit

 

15

 

 

 

 

 

5.1

 

Retirement Benefit

 

15

5.2

 

Payment of Retirement Benefit

 

15

 

 

 

 

 

ARTICLE 6

 

Termination Benefit

 

16

 

 

 

 

 

6.1

 

Termination Benefit

 

16

6.2

 

Payment of Termination Benefit

 

16

 

i



 

ARTICLE 7

 

Disability Benefit

 

16

 

 

 

 

 

7.1

 

Disability Benefit

 

16

7.2

 

Payment of Disability Benefit

 

16

 

 

 

 

 

ARTICLE 8

 

Death Benefit

 

16

 

 

 

 

 

8.1

 

Death Benefit

 

16

8.2

 

Payment of Death Benefit

 

16

 

 

 

 

 

ARTICLE 9

 

Form of Payment

 

17

 

 

 

 

 

9.1

 

Payment in Cash or Common Stock

 

17

9.2

 

Relation to Stock Incentive Plan

 

17

 

 

 

 

 

ARTICLE 10

 

Beneficiary Designation

 

17

 

 

 

 

 

10.1

 

Beneficiary

 

17

10.2

 

Beneficiary Designation; Change; Spousal Consent

 

17

10.3

 

Acknowledgement

 

17

10.4

 

No Beneficiary Designation

 

17

10.5

 

Doubt as to Beneficiary

 

17

10.6

 

Discharge of Obligations

 

18

 

 

 

 

 

ARTICLE 11

 

Leave of Absence

 

18

 

 

 

 

 

11.1

 

Paid Leave of Absence

 

18

 

 

 

 

 

ARTICLE 12

 

Termination of Plan, Amendment or Modification

 

18

 

 

 

 

 

12.1

 

Termination of Plan

 

18

12.2

 

Amendment

 

19

12.3

 

Effect of Payment

 

19

 

 

 

 

 

ARTICLE 13

 

Administration

 

19

 

 

 

 

 

13.1

 

Committee Duties

 

19

13.2

 

Agents

 

19

13.3

 

Binding Effect of Decisions

 

19

13.4

 

Indemnity

 

19

13.5

 

Employer Information

 

20

 

 

 

 

 

ARTICLE 14

 

Other Benefits and Agreements

 

20

 

 

 

 

 

14.1

 

Coordination with Other Benefits

 

20

 

ii



 

ARTICLE 15