Executive Retention AgreementRetention Agreement • January 20th, 2005 • Lockheed Martin Corp • Guided missiles & space vehicles & parts • Maryland
The purpose of this agreement between Lockheed Martin Corporation Aeronautics Company (the “Business Unit”) and Ralph D. Heath (the “Executive”) is to provide for continuity of management and the success of business operations for a major program by ensuring the commitment of the Executive to continue to serve the Business Unit diligently for a three-year period. The retention payment herein provided is intended to be consideration for the successful performance and satisfaction of the criteria set forth in Paragraph 2 by the personal services of the Executive.
