Common use of Status of Payments Clause in Contracts

Status of Payments. No payments made to Executive by the Company pursuant to this Letter Agreement (other than with respect to the MIP) shall be deemed to be pensionable income or compensation for purposes of Executive's rights under the FMC and/or Company pension plan applicable to Executive. * * * * * If you agree that the foregoing correctly sets forth the agreement between us, please sign the enclosed copy of this Letter Agreement in the space indicated below and return it to the Company. Very truly yours, UNITED DEFENSE, L.P. By: FMC Corporation Its: General Partner By: /s/ Xxxxxx X. Xxxxxx ------------------------- Its: Vice President ------------------------- Agreed to as of the day and year first written above: /s/ Xxxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx July 9, 1997 ---------------------------- Date of Signature To: Xxxxxx X. Xxxxxxx Re: Amendment to Executive Compensation Agreement Dear Art: In connection with the Letter Agreement dated as of June 30, 1997, between you ("Executive") and United Defense L.P. (the "Company"), the Company desires, in order to more fully realize the objectives of the Letter Agreement, to amend the same to clarify certain additional aspects of your compensation not addressed or only partially addressed therein, as follows: FMC Stock Option Plan: Certain options have been granted to you in connection with such plan (the "Option Plan") under one or more stock option agreements which, among other things, ordinarily subject the right of exercise to the condition precedent that Executive shall have been continuously employed by the Company or one of its affiliates between the grant date for such options and December 31, 1997. Regarding such options, the condition regarding such period of continuous employment shall be deemed fully satisfied if Executive remains continuously employed from the grant date until the earlier of December 31, 1997 or the Final Transaction Date. Any terms not separately defined above shall have the same definitions set forth in the Letter Agreement. If you are in agreement with the foregoing, please execute both originals of this Amendment, keep one original for your records, and return the other original to the Company, whereupon the Letter Agreement shall become amended in the manner set forth above. Very truly yours, UNITED DEFENSE, L.P. By FMC Corporation, acting as General Partner of United Defense, L.P., and acting for itself regarding the Option Plan By: /s/ Xxxxxx X. Xxxxxx --------------------------- Its: Vice President --------------------------- Accepted and agreed to as of the date and year first written above /s/ Xxxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx July 22, 1997 ---------------------------- Date of Signature

Status of Payments. No payments made to Executive by the Company pursuant to this Letter Agreement (other than with respect to the MIP) shall be deemed to be pensionable income or compensation for purposes of Executive's rights under the FMC and/or Company pension plan applicable to Executive. * * * * * If you agree that the foregoing correctly sets forth the agreement between us, please sign the enclosed copy of this Letter Agreement in the space indicated below and return it to the Company. Very truly yours, UNITED DEFENSE, L.P. By: FMC Corporation Its: General Partner By: /s/ Xxxxxx X. Xxxxxx ------------------------- ------------------------------ Its: Vice President ------------------------- ------------------------------ Agreed to as of the day and year first written above: /s/ Xxxxxxx Xxxxxx X. ----------------------------- Xxxxxxx ---------------------------- "Buzz" Xxxxxx X. Xxxxxxx July 9, 1997 ---------------------------- 7/6/97 ----------------------------- Date of Signature To: F. "Buzz" Xxxxxx X. Xxxxxxx Re: Amendment to Executive Compensation Agreement Dear ArtBuzz: In connection with the Letter Agreement dated as of June 30, 1997, between you ("Executive") and United Defense L.P. (the "Company"), the Company desires, in order to more fully realize the objectives of the Letter Agreement, to amend the same to clarify certain additional aspects of your compensation not addressed or only partially addressed therein, as follows: FMC Stock Option Plan: Certain options have been granted to you in connection with such plan (the "Option Plan") under one or more stock option agreements which, among other things, ordinarily subject the right of exercise to the condition precedent that Executive shall have been continuously employed by the Company or one of its affiliates between the grant date for such options and December 31, 1997. Regarding such options, the condition regarding such period of continuous employment shall be deemed fully satisfied if Executive remains continuously employed from the grant date until the earlier of December 31, 1997 or the Final Transaction Date. Any terms not separately defined above shall have the same definitions set forth in In the Letter Agreement. If you are in agreement with the foregoing, please execute both originals of this Amendment, keep one original for your records, and return the other original to the Company, whereupon the Letter Agreement shall become amended in the manner set forth above. Very truly yours, UNITED DEFENSE, L.P. By FMC Corporation, acting as General Partner of United Defense, L.P., and acting for itself regarding the Option Plan By: /s/ Xxxxxx X. Xxxxxx --------------------------- ------------------------------- Its: Vice President --------------------------- ------------------------------- Accepted and agreed to as of the date and year first written above /s/ X. Xxxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx July 22, 1997 ---------------------------- Date of Signature----------------------------- F. "Buzz" Xxxxxx

Status of Payments. No payments made to Executive by the Company pursuant to this Letter Agreement (other than with respect to the MIP) shall be deemed to be pensionable income or compensation for purposes of Executive's rights under the FMC and/or Company pension plan applicable to Executive. * * * * * If you agree that the foregoing correctly sets forth the agreement between us, please sign the enclosed copy of this Letter Agreement in the space indicated below and return it to the Company. Very truly yours, UNITED DEFENSE, L.P. By: FMC Corporation Its: General Partner By: /s/ By:/s/ Xxxxxx X. Xxxxxx ------------------------- ---------------------------------- Its: Vice President ------------------------- ---------------------------------- Agreed to as of the day and year first written above: /s/ Xxxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx --------------------------------- Xxxxxx Xxxxxx 2 July 9, 1997 ---------------------------- --------------------------------- Date of Signature To: Xxxxxx X. Xxxxxxx Xxxxxx Re: Amendment to Executive Compensation Agreement Dear ArtXxxxxx: In connection with the Letter Agreement dated as of June 30, 1997, between you ("Executive") and United Defense L.P. (the "Company"), the Company desires, in order to more fully realize the objectives of the Letter Agreement, to amend the same to clarify certain additional aspects of your compensation not addressed or only partially addressed therein, as follows: FMC Stock Option Plan: Certain options have been granted to you in connection with such plan (the "Option Plan") under one or more stock option agreements which, among other things, ordinarily subject the right of exercise to the condition precedent that Executive shall have been continuously employed by the Company or one of its affiliates between the grant date for such options and December 31, 1997. Regarding such options, the condition regarding such period of continuous employment shall be deemed fully satisfied if Executive remains continuously employed from the grant date until the earlier of December 31, 1997 or the Final Transaction Date. Any terms not separately defined above shall have the same definitions set forth in the Letter Agreement. If you are in agreement with the foregoing, please execute both originals of this Amendment, keep one original for your records, and return the other original to the Company, whereupon the Letter Agreement shall become amended in the manner set forth above. Very truly yours, UNITED DEFENSE, L.P. By FMC Corporation, acting as General Partner of United Defense, L.P., and acting for itself regarding the Option Plan By: /s/ Xxxxxx X. Xxxxxx --------------------------- -------------------- Its: Vice President --------------------------- -------------------- Accepted and agreed to as of the date and year first written above /s/ Xxxxxx X. Xxxxxxx ---------------------------- Xxxxxx -------------------------------- Xxxxxx X. Xxxxxxx July 22, 1997 ---------------------------- Date of SignatureXxxxxx

Status of Payments. No payments made to Executive by the Company pursuant to this Letter Agreement (other than with respect to the MIP) shall be deemed to be pensionable income or compensation for purposes of Executive's rights under the FMC and/or Company pension plan applicable to Executive. * * * * * If you agree that the foregoing correctly sets forth the agreement between us, please sign the enclosed copy of this Letter Agreement in the space indicated below and return it to the Company. Very truly yours, UNITED DEFENSE, L.P. By: FMC Corporation Its: General Partner By: /s/ Xxxxxx X. Xxxxxx ------------------------- Its: Vice President ------------------------- Agreed to as of the day and year first written above: /s/ Xxxxx X. Xxxxxx ---------------------------- Xxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx July 98, 1997 ---------------------------- Date of Signature To: Xxxxx X. Xxxxxx X. Xxxxxxx Re: Amendment to Executive Compensation Agreement Dear ArtXxxx: In connection with the Letter Agreement dated as of June 30, 1997, between you ("Executive") and United Defense L.P. (the "Company"), the Company desires, in order to more fully realize the objectives of the Letter Agreement, to amend the same to clarify certain additional aspects of your compensation not addressed or only partially addressed therein, as follows: FMC Stock Option Plan: Certain options have been granted to you in connection with such plan (the "Option Plan") under one or more stock option agreements which, among other things, ordinarily subject the right of exercise to the condition precedent that Executive shall have been continuously employed by the Company or one of its affiliates between the grant date for such options and December 31, 1997. Regarding such options, the condition regarding such period of continuous employment shall be deemed fully satisfied if Executive remains continuously employed from the grant date until the earlier of December 31, 1997 or the Final Transaction Date. Any terms not separately defined above shall have the same definitions set forth in the Letter Agreement. If you are in agreement with the foregoing, please execute both originals of this Amendment, keep one original for your records, and return the other original to the Company, whereupon the Letter Agreement shall become amended in the manner set forth above. Very truly yours, UNITED DEFENSE, L.P. By FMC Corporation, acting as General Partner of United Defense, L.P., and acting for itself regarding the Option Plan By: /s/ Xxxxxx X. Xxxxxx --------------------------- Its: Vice President --------------------------- Accepted and agreed to as of the date and year first written above /s/ Xxxxx X. Xxxxxx ---------------------------- Xxxxx X. Xxxxxxx ---------------------------- Xxxxxx X. Xxxxxxx July 22, 1997 ---------------------------- Date of Signature

Status of Payments. No payments made to Executive by the Company pursuant to this Letter Agreement (other than with respect to the MIP) shall be deemed to be pensionable income or compensation for purposes of Executive's rights under the FMC and/or Company pension plan applicable to Executive. * * * * * If you agree that the foregoing correctly sets forth the agreement between us, please sign the enclosed copy of this Letter Agreement in the space indicated below and return it to the Company. Very truly yours, UNITED DEFENSE, L.P. By: FMC Corporation Its: General Partner By: /s/ Xxxxxx X. Xxxxxx ------------------------- Its: Vice President ------------------------- Agreed to as of the day and year first written above: /s/ Xxxxxx Xxxxxxxxx X. Xxxxxxx ---------------------------- Xxxxxx Xxxxxxxxx X. Xxxxxxx July 98, 1997 ---------------------------- Date of Signature To: Xxxxxx Xxxxxxxxx X. Xxxxxxx Re: Amendment to Executive Compensation Agreement Dear ArtXxxx: In connection with the Letter Agreement dated as of June 30, 1997, between you ("Executive") and United Defense L.P. (the "Company"), the Company desires, in order to more fully realize the objectives of the Letter Agreement, to amend the same to clarify certain additional aspects of your compensation not addressed or only partially addressed therein, as follows: FMC Stock Option Plan: Certain options have been granted to you in connection with such plan (the "Option Plan") under one or more stock option agreements which, among other things, ordinarily subject the right of exercise to the condition precedent that Executive shall have been continuously employed by the Company or one of its affiliates between the grant date for such options and December 31, 1997. Regarding such options, the condition regarding such period of continuous employment shall be deemed fully satisfied if Executive remains continuously employed from the grant date until the earlier of December 31, 1997 or the Final Transaction Date. Any terms not separately defined above shall have the same definitions set forth in the Letter Agreement. If you are in agreement with the foregoing, please execute both originals of this Amendment, keep one original for your records, and return the other original to the Company, whereupon the Letter Agreement shall become amended in the manner set forth above. Very truly yours, UNITED DEFENSE, L.P. By FMC Corporation, acting as General Partner of United Defense, L.P., and acting for itself regarding the Option Plan By: /s/ Xxxxxx X. Xxxxxx --------------------------- Its: Vice President --------------------------- Accepted and agreed to as of the date and year first written above /s/ Xxxxxx Xxxxxxxxx X. Xxxxxxx ---------------------------- Xxxxxx Xxxxxxxxx X. Xxxxxxx July 2230, 1997 ---------------------------- Date of Signature