Exhibit 10(g)
Resolution No. 61
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Lockheed Martin Corporation
Board of Directors
May 25, 1995
$100,000 Death Benefit and $1 million Business Travel Accident Insurance Policy
For Directors
RESOLVED, That the Senior Vice President and Chief Financial Officer
be authorized, with the authority to delegate such authorization, to adopt
a plan providing that upon the death of any former or active non-employee
member of the Board of Directors, the Corporation shall pay to the
director's designated beneficiary (or if no beneficiary has been
designated, his or her estate), a death benefit in the amount of $100,000,
reduced by the amount of life insurance coverage provided to the director
by Lockheed Corporation or Martin Marietta Corporation, and increased to
include the estimated amount of taxes on a grossed up basis.
RESOLVED FURTHER, That the Senior Vice President and Chief Financial
Officer be authorized, with the authority to delegate such authorization,
to obtain for each non-employee member of the Board of Directors travel
accident insurance coverage paying a benefit of up to $1,000,000 in the
event that the director is involved in an accident while travelling on
business related to the Corporation.
RESOLVED FURTHER, That the officers of the Corporation be and each
hereby is authorized, with the power to delegate such authorization, to
execute and deliver such instruments and documents, to do all such other
acts and things, and to take all such further steps as are deemed necessary
or advisable or convenient or proper in order to fully carry out the intent
of the foregoing resolutions.