Amendment No. 1 to Alliant Techsystems Inc. Amended and Restated Non-Employee Director Restricted Stock Plan
This amendment updates Alliant Techsystems Inc.'s Non-Employee Director Restricted Stock Plan. It specifies that, at the 2006 Annual Meeting (if held before August 6, 2006), each director elected or reelected will receive restricted stock valued at $75,000, based on the stock's closing market price on the meeting date. The amendment applies only to that specific meeting and clarifies the stock award process for directors.
Exhibit 10.1
AMENDMENT NO. 1
TO
ALLIANT TECHSYSTEMS INC.
AMENDED AND RESTATED
NON-EMPLOYEE DIRECTOR RESTRICTED STOCK PLAN
Amended and Restated as of December 12, 2005
Section 2.1(a) of the Plan is hereby amended to include, after the last sentence of such section, the following:
Notwithstanding the preceding sentence, as of the date of the Annual Meeting held in 2006 (but only if prior to August 6, 2006), each Director elected or reelected to the Board at such Annual Meeting shall be awarded shares of Restricted Stock with a market value of $75,000 as determined by the closing market price of Stock on the date of such Annual Meeting.
