Exhibit 10.2
RESTRICTED STOCK AGREEMENT ALLIANT
TECHSYSTEMS
LOGO
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NUMBER OF SHARES OF PURCHASE PRICE SOCIAL SECURITY
GRANTED TO GRANT DATE COMMON STOCK PER SHARE NUMBER
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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 Shares of Common Stock of the Company
(the "Shares), for the above Purchase Price Per Share, on the terms and
conditions set forth in this Restricted Stock Agreement (this "Agreement")
and in the Alliant Techsystems Inc. 1990 Equity Incentive Plan (the
"Plan").
2. Restricted Period. The Shares are subject to the restrictions of this
Agreement and the Plan for a period (the "Restricted Period") commencing on
the Grant Date and ending as to one-third of the Shares on each of the
first, second, and third annversaries of the Grant Date, or, if earlier,
upon the Employee's death, Disability (as defined in the Plan), or
involuntary Termination of Employment (as defined in the Plan), as provided
in Paragraph 4 below.
3. Restrictions. The Shares shall be subject to the following restrictions
during the Restricted Period:
(a) The Shares shall be subject to forfeiture to the Company as provided
in this Agreement and Plan.
(b) The Shares may not be sold, assigned, transferred, pledged,
hypothecated or otherwise disposed of; and neither the right to
receive the Shares nor any interest under the Plan may be assigned by
the Employee, and any attempted assignment shall be void.
(c) Any certificates representing the Shares shall be held by the
Secretary of the Company and shall, at the option of the Company, bear
an appropriate restrictive legend and be subject to appropriate "stop
transfer" orders. The Employee shall deliver to the Company stock
powers endorsed in blank to the Company.
(d) Any securities or property (other than cash) that may be issued with
respect to the Shares as a result of any stock dividend, stock split,
business combination or other event, shall be subject to the
restrictions and other terms and conditions referred to in Paragraph 1
above.
(e) The Employee shall not be entitled to receive any Shares prior to the
completion of any registration or qualification of the Shares under
any federal or state law or governmental rule or regulation that the
Company, in its sole discretion, determines to be necessary or
advisable.
4. Forfeiture. As of the Employee's voluntary Termination of Employment, the
Employee shall forfeit and return to the Company all Shares for which the
Restricted Period has not ended prior to or as of such Termination of
Employment. In the event of the Employee's involuntary Termination of
Employment by the Company (other than for cause), the restrictions on any
Shares for which the Restricted Period has not ended prior to or as of such
involuntary Termination of Employment shall nevertheless lapse and such
Shares shall become nonforfeitable, and free and clear of the restrictions
of the Plan, in each case effective upon the date of such involuntary
Termination of Employment.
5. Rights. Upon issuance of the Shares, the Employee shall, subject to the
restrictions of this Agreement and the Plan, have all of the rights of a
stockholder with respect to the Shares, including the right to vote the
Shares and receive any cash dividends and any other cash distributions
thereon.
6. Income Taxes. The Employee is liable for any federal, state and local
income taxes applicable upon receipt of the Shares upon the expiration of
the Restricted Period. 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 an amount necessary to pay,
any income withholding taxes required by the Company to be collected upon
the expiration of the Restricted Period.
7. Acknowledgment. Shares will not be issued in the name of the Employee until
the Employee dates and signs the form of Acknowledgment below and returns
to the Company a signed copy of this Agreement and the stock power required
by Paragraph 3 above, and pays to the Company the aggregate purchase price
of the Shares. 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.
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EMPLOYEE'S SIGNATURE
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DATE
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SOCIAL SECURITY NUMBER
