Exhibit 10(i)
10(j)
Resolution No. 57 10(k)
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Lockheed Martin Corporation
Board of Directors
May 25, 1995
Benefits for Elected Officers (Post-Retirement Death Benefit Plan, Financial
Counseling, Personal Liability Insurance, Accidental Death and Dismemberment
Coverage and Other Incidental Benefits)
RESOLVED, That the Chairman and Chief Executive Officer and the
President be and each is hereby authorized, with authority to delegate such
authorization, to adopt for the benefit of elected officers of the
Corporation a post-retirement death benefit plan paying benefits in the
amount of one and one-half times base salary at retirement, except that
officers who do not waive their rights to post retirement death benefits
under the Martin Marietta Corporation Post Retirement Death Benefit Plan
for Senior Executives or the Lockheed Corporation Post Retirement Death
Benefit Plan, as appropriate, will not be eligible for the plan.
RESOLVED, That the Chairman and Chief Executive Officer and the
President be and each is hereby authorized, with authority to delegate such
authorization, to adopt a financial counseling program which provides
reimbursement to elected officers of the Corporation for financial
counseling up to 3-1/2% of base salary as of the first pay period of the
year in which the expense is incurred or $10,000, whichever is less, and
reimbursement to non-elected vice presidents of $2,000 annually; provided
however, that during 1995, officers and vice presidents who continue to
receive reimbursement for similar expenses under existing Martin Marietta
Corporation and Lockheed Corporation programs shall not be eligible to
receive reimbursements.
RESOLVED FURTHER, That the Chairman and Chief Executive Officer and
the President be and each is hereby authorized, with authority to delegate
such authorization, to adopt for the benefit of elected officers (i)
personal liability insurance coverage while employed as an officer of
$5,000,000; and (ii) accidental death and dismemberment coverage while
employed as an officer of $1,000,000; and to adopt for elected officers and
senior management employees such other incidental benefits and non-cash
compensation as is consistent with the presentation made to the Committee
on such matters and for which no significant long term liabilities for the
Corporation are created.
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.