Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - NORTHROP GRUMMAN CORP /DE/ | v55417e10vq.htm |
| EX-15 - EX-15 - NORTHROP GRUMMAN CORP /DE/ | v55417exv15.htm |
| EX-31.1 - EX-31.1 - NORTHROP GRUMMAN CORP /DE/ | v55417exv31w1.htm |
| EX-32.1 - EX-32.1 - NORTHROP GRUMMAN CORP /DE/ | v55417exv32w1.htm |
| EX-10.4 - EX-10.4 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w4.htm |
| EX-12.A - EX-12.A - NORTHROP GRUMMAN CORP /DE/ | v55417exv12wa.htm |
| EX-31.2 - EX-31.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv31w2.htm |
| EX-10.3 - EX-10.3 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w3.htm |
| EX-32.2 - EX-32.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv32w2.htm |
| EX-10.2 - EX-10.2 - NORTHROP GRUMMAN CORP /DE/ | v55417exv10w2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - NORTHROP GRUMMAN CORP /DE/ | Financial_Report.xls |
Exhibit 10.5
POLICY REGARDING THE RECOUPMENT OF
CERTAIN PERFORMANCE-BASED COMPENSATION PAYMENTS [also known as “Clawback” Policy] |
 |
Revised: March 31, 2010
The Board of Directors or Compensation Committee shall, in such circumstances as it determines
to be appropriate, require reimbursement of all or a portion of any performance-based short or
long-term cash or equity incentive payments to an employee at the vice-president level or more
senior position where:
(1) the amount of, or number of shares included in, any such payment was calculated based on
the achievement of financial results that were subsequently the subject of an accounting
restatement due to noncompliance with any financial reporting requirement under the securities
laws;
(2) a lesser payment of cash or shares would have been made to the employee based upon the
restated financial results; and
(3) the payment of cash or shares was received by the employee prior to or during the 12-month
period following the first public issuance or filing of the financial results that were
subsequently restated.
This policy does not limit any other remedies the Company may have available to it in the
circumstances, which may include, without limitation, dismissing an employee or initiating other
disciplinary procedures. The provisions of this policy are in addition to (and not in lieu of) any
rights to repayment the Company may have under Section 304 of the Sarbanes-Oxley Act of 2002
(applicable to the Chief Executive Officer and Chief Financial Officer only) and other applicable
laws.