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Document Preview Key Executive Retention Bonus Agreement |
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Title: |
Key Executive Retention Bonus Agreement |
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Entities: |
Lockheed Martin Corp.; C. Thomas Marsh |
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Date: |
2004 |
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Size: |
Preview shows 2KB of 5KB total |
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Price: |
$40 |
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ID: |
#220229 |
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Key Executive Retention Bonus Agreement
The purpose of this agreement between Lockheed Martin Corporation Space Systems Company (the Business Unit) and C. Thomas Marsh (the Executive) is to provide for continuity of management and the success of business operations during a period of substantial change by ensuring the commitment of the Executive to continue to serve diligently in his present assignment for a two-year period. The bonus herein provided is intended to be consideration for the performance and satisfaction of the criteria set forth in Paragraph 2 by the personal services of the Executive himself, and these criteria cannot be satisfied by the services of any other employee. This Agreement may not be assigned or applied to any other employee, including any successor to the Executive.
1. Term of Agreement
This agreement will be in effect from the date of execution through December 31, 2003, unless terminated earlier in accordance with Paragraph 5 or 6.
2. Criteria for Bonus Payment
The executive will be eligible for payments under this agreement if:
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