Exhibit 10.1
Alliant Techsystems Inc.
Amendment to Employment Agreement
with Daniel J. Murphy, Jr.
This AMENDMENT is dated as of
August 4, 2008, between Alliant Techsystems Inc. (the
“Company”) and Daniel J. Murphy, Jr. (the
“Executive”).
WHEREAS, the Company and the
Executive have entered into an Employment Agreement dated as of
February 1, 2004 (the “Employment Agreement”),
which has been amended effective as of January 1, 2005 on
December 20, 2005 and March 10, 2008, and the parties now
wish to amend the Employment Agreement further.
NOW, THEREFORE, the parties agree
that the Employment Agreement is hereby amended as
follows:
1.
The preamble of paragraph
4(b)(vii) and subparagraph 4(b)(vii)(A) are
amended
in their entirety to read as
follows:
(vii)
Effect of Death
. If you die before the
Expiration Date while employed by the Company, then your
beneficiary (or beneficiaries) under this
Section 4(b) will receive a SERP death benefit, subject
to the following terms:
(A)
Lump Sum Payment to
Beneficiary . The
present value of the SERP benefit that would have been payable to
you if you had survived and terminated employment on the Expiration
Date (calculated under Section 4(b)(i)
