Fourth Amendment to 1997 Stock Plan for Directors of Newport News Shipbuilding Inc.

Summary

This amendment updates the 1997 Stock Plan for Directors of Newport News Shipbuilding Inc. by authorizing an additional 125,000 shares of common stock for issuance under the plan, effective May 18, 2000. If any stock options expire, are canceled, or restricted shares are forfeited, those shares will be available for future issuance as part of the newly authorized shares. The amendment is executed by the company’s Vice President.

EX-10.19 3 0003.txt EXHIBIT 10.19 Exhibit 10.19 FOURTH AMENDMENT TO 1997 STOCK PLAN FOR DIRECTORS OF NEWPORT NEWS SHIPBUILDING INC. The 1997 Stock Plan for Directors of Newport News Shipbuilding Inc. (the "Plan") is hereby amended as follows, effective May 18, 2000: A new Section IV(c) is added to the Plan, as follows: (c) As of May 18, 2000, there shall be reserved for issuance pursuant to the Plan an additional 125,000 shares of Common Stock. In the event that a Stock Option expires, is canceled, or is terminated unexercised as to any shares covered hereby, or shares of Restricted Stock covered hereby are forfeited for any reason under the Plan, such shares shall thereafter be available for issuance pursuant to the Plan and shall be considered as part of the 125,000 additional shares of Common Stock authorized for issuance pursuant to the Plan. IN WITNESS WHEREOF, this amendment is hereby executed this _____ day of October, 2000. NEWPORT NEWS SHIPBUILDING INC. By: ________________________________ Vice President ATTEST: ____________________