Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Annual Report 56± 248K
2: EX-10 Material Contract 14± 54K
3: EX-10 Material Contract 2± 9K
4: EX-10 Material Contract 2± 11K
5: EX-10 Material Contract 3± 13K
6: EX-10 Material Contract 1 6K
7: EX-10 Material Contract 6± 24K
8: EX-10 Material Contract 2 10K
9: EX-10 Material Contract 4± 18K
10: EX-21 Subsidiaries of the Registrant 1 7K
12: EX-24 Power of Attorney 2 11K
11: EX-27 Financial Data Schedule (Pre-XBRL) 1 7K
EX-10 — Material Contract
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EXHIBIT 10(t)
NORTHROP GRUMMAN CORPORATION
EXECUTIVE DEFERRED COMPENSATION PLAN
Plan Design Outline
PLAN PURPOSE:
To provide executives with a capital accumulation opportunity
through deferrals of compensation that is disallowed for tax
deduction under IRS Code Section 162(m)
PLAN YEAR: January 1 to December 31
ADMINISTRATIVE COMMITTEE:
The Compensation and Management Development Committee of the
Board of Directors will administer the Plan
ELIGIBILITY FOR PARTICIPATION:
Selected employees of Northrop Grumman designated by the
Committee
SOURCES OF DEFERRALS:
Compensation that is disallowed for tax deduction under IRS Code
Section 162(m)
DEFERRAL ACCOUNT:
Amounts of compensation deferrals and investment returns thereon
will be credited to a participant's Deferral Account
INTEREST CREDITING RATE:
Interest will be credited to the Account Balance at a rate equal
to 115% of the fourth quarter monthly rate of Moody's Average
Corporate Bond rate for each Plan year
VESTING:
Deferral amounts and investment return credited to Deferral
Account are always 100% vested
Page 2
DISTRIBUTION OF ACCOUNT BALANCES:
In the event of retirement or long-term disability, the normal
form of distribution will be lump sum, 5 or 10 years
In the event of any other termination of employment, the
distribution will be in a single lump sum
RISK OF LOSS:
In the event of the Company's bankruptcy or insolvency, amounts
deferred under the Plan and earnings on these amounts are treated
as Company assets and the rights of Plan Participants would be no
greater than those of general creditors of the Company
PLAN AMENDMENT AND TERMINATION:
Board of Directors may amend or terminate the Plan at any time
but may not reduce benefits
Page 3
NORTHROP GRUMMAN CORPORATION
EXECUTIVE DEFERRED COMPENSATION PLAN
Election Form
I hereby elect to participate in the Northrop Grumman Corporation
Executive Deferred Compensation Plan (the "Plan").
ELECTION TO DEFER COMPENSATION:
____ I hereby irrevocably elect to defer 100% of
compensation that is disallowed for tax
deduction under IRS Code Section 162(m) for
the year 1995.
ELECTION TO RECEIVE BENEFIT AMOUNTS:
I hereby irrevocably elect to receive my distribution from the
Plan in one of the following payment forms. Please check one.
_____ Lump Sum
_____ Annual Installments Of:
_____ 5 years
_____ 10 years
I understand that the Company's obligation to pay benefits under
the Plan will be that of an unfunded and unsecured promise of the
Company to pay benefits in the future, and my rights to benefits
under the Plan will be no greater than those of the Company's
unsecured general creditors.
____________________________________ ______________________
Employee Name (please print or type) Social Security Number
____________________________________ ______________________
Signature Date
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