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EXECUTIVE BONUS AGREEMENT

Employee Bonus Plan Agreement

EXECUTIVE BONUS AGREEMENT | Document Parties: Alion Science and Technology Corporation You are currently viewing:
This Employee Bonus Plan Agreement involves

Alion Science and Technology Corporation

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Title: EXECUTIVE BONUS AGREEMENT
Governing Law: Virginia     Date: 12/23/2008

EXECUTIVE BONUS AGREEMENT, Parties: alion science and technology corporation
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EXHIBIT 10.54

EXECUTIVE BONUS AGREEMENT

     THIS 2008 EXECUTIVE BONUS AGREEMENT (the “Agreement”) is entered into and is effective as of November 21, 2008, by and between Alion Science and Technology Corporation (the “Company”) and Scott Fry (the “Employee”).

     WHEREAS, the Company has determined that the Employee should receive the bonus amount specified herein as a result of the creation by the Employee of the strategy that led to the Company’s capture and win of the contract for the acquisition and design support of the U.S. Navy’s CG(X).

     NOW, THEREFORE, the parties hereto hereby agree as follows:

     1.  Bonus. Subject to the provisions set forth herein, the Company hereby awards to Scott Fry a bonus totaling $237,391 (the “Bonus”) to be paid to the Employee according to the following schedule:

 

 

 

Payment Date #1

 

No later than March 14, 2009

 

 

 

Amount of Bonus to be Paid on Payment Date #1

 

 $256,444.39

     2.  Withholding. The Company may deduct from all amounts paid pursuant to this Agreement any Federal, State, social security contribution or other payroll taxes the Company is required by law to withhold.

     3.  Source of Benefits. The Bonus is payable exclusively from the general assets of the Company. The Employee and his or her Designated Beneficiary (as hereinafter defined) have the status of g


 
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