Exhibit 10
[ALLIANT TECHSYSTEMS LOGO]
PERFORMANCE SHARE AGREEMENT
-------------------------------------------------------------------------------------------------
NUMBER OF MEASURING PERIOD SOCIAL SECURITY
GRANTED TO GRANT DATE PERFORMANCE SHARES NUMBER
-------------------------------------------------------------------------------------------------
((First)) ((Last))
((Street1)) 05 10 99 ((M__ofShares)) 50% - 2 Years ((SSN))
((City)),((State)) ((Zip)) 50% - 3 Years
1. The Grant. Alliant Techsystems Inc., a Delaware corporation (the "Company")
hereby grants to the individual named above (the "Employee"), as of the
above Grant Date, the above Number of Performance Shares (the "Shares"), on
the terms and conditions set forth in this Performance Share Agreement
(this "Agreement") and in the Alliant Techsystems Inc. 1990 Equity
Incentive Plan (the "Plan").
2. Measuring Period. The Shares shall be payable, in the form provided in
Paragraph 4 below, and to the extent provided in Paragraph 3 below, as soon
as practical after the end of the above Measuring Period.
3. Performance Goals. Up to 100% of the Shares shall be payable, depending
upon if, the Business Unit achieves the Performance Goals set forth in the
accompanying Performance Accountability Chart.
4. Form of Payment. Any shares payable pursuant to Paragraph 3 above shall be
paid in shares of Common Stock of the Company ("Stock"), except to the
extent that the Personnel and Compensation Committee of the Company's Board
of Directors, in its discretion, determines that cash be paid in lieu of
some or all of such shares of Stock.
5. Forfeiture. As of the Employee's death or Termination of Employment (as
defined in the Plan), the Employee shall forfeit all Shares for which the
Measuring Period has not ended prior to or as of such Termination of
Employment. If the Employee's death or Termination of Employment occurs at
or after the end of the Measuring Period, the Shares shall be payable to
the extent herein provided, as if such death or Termination of Employment
had not occurred.
6. Rights. Nothing herein shall be deemed to grant the Employee any rights as
a holder of Stock unless and until certificates for shares of Stock are
actually issued in the name of the Employee as provided herein.
7. Income Taxes. The Employee is liable for any federal, state and local
income taxes applicable upon payment of the Shares. Upon demand by the
Company, the Employee shall promptly pay to the Company in cash, and/or the
Company may withhold from the Employee's compensation or from the shares of
Stock or any cash payable in lieu of some or all of such shares of Stock,
an amount necessary to pay, any income withholding taxes required by the
Company to be collected upon such payment.
8. Acknowledgment. This grant will not be effective until the Employee dates
and signs the form of Acknowledgment below and returns to the Company a
signed copy of this Agreement. By signing the Acknowledgment, the Employee
agrees to the terms and conditions referred to in Paragraph 1 above and
acknowledges receipt of a copy of the Prospectus related to the Plan.
ACKNOWLEDGMENT: ALLIANT TECHSYSTEMS INC.
----------------------------------------
EMPLOYEE'S SIGNATURE
---------------------------------------- Xxxx Xxxxx Xxxxxx
DATE Director, Chairman of the Board
and Chief Executive Officer
----------------------------------------
SOCIAL SECURITY NUMBER
