LONG-TERM INCENTIVE PERFORMANCE AWARD AGREEMENT GRANTED UNDER THE LOCKHEED MARTIN CORPORATION THE 2024 – 2026 PERFORMANCE PERIOD THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933Long-Term Incentive Performance Award Agreement • April 23rd, 2024 • Lockheed Martin Corp • Guided missiles & space vehicles & parts
This Award Agreement applies to the Long-Term Incentive Performance (“LTIP”) Award granted by Lockheed Martin Corporation to you as of the Award Date (defined above) under the Lockheed Martin Corporation 2020 Incentive Performance Award Plan (“Plan”). The term “Target Award” as used in this Award Agreement refers only to the Target Award awarded to you under this Award Agreement and the term “Award” refers only to the LTIP Award set forth in this Award Agreement. References to the “Corporation” include Lockheed Martin Corporation and its Subsidiaries.
Amendments to the 2015 and 2016 Long-Term Incentive Performance (LTIP) Award Agreements Effective June 22, 2017Long-Term Incentive Performance Award Agreement • July 20th, 2017 • Lockheed Martin Corp • Guided missiles & space vehicles & parts
Notwithstanding anything in this Award Agreement to the contrary, effective June 22, 2017, income tax withholding due at the end of the Vesting Period will be made at the highest federal individual tax rate unless you elect otherwise in accordance with procedures established by the Corporation during an election window that may be offered by the Corporation. If you elect a lower tax rate for withholding, then you may owe additional taxes as a result of the payment of the Award.
