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Thursday, December 18, 2008

NSTec shares FY08 award fee with employees

From the LANL Blog

Tuesday, December 16, 2008

Subject: NF-09-0066: Message from President Stephen M. Younger
Date: Mon, 15 Dec 2008 15:42:30 -0800

I am very happy to report that National Security Technologies LLC has been awarded an OUTSTANDING rating by the Department of Energy for exemplary work during fiscal year 2008. Last week we were informed that we had achieved a score of 95% - one of the highest in the DOE complex. This recognition of superior performance is the result of a year-long commitment to excellence by the entire organization. As part of this recognition, the period of performance on our contract was extended through September 2012, by exercising our first award term year.

In addition to the DOE, your outstanding performance was recognized by the parent companies of NSTec. I am pleased to announce that our Board of Managers has unanimously approved a resolution to share 3% of the FY08 award fee earned by our company with employees. This is in addition to the several other incentive programs that are already in place. All employees who meet the following criteria will participate equally in Sharing for Success. To be eligible to receive a Sharing For Success check, the employee must be a regular bargaining unit or non-bargaining employee, either full-time or part-time; be employed by NSTec for at least the 10 months prior to the date the Sharing For Success checks are prepared; be in an active pay status on the date the Sharing For Success checks are prepared; and receive at least a Successful rating on the most recent Performance Review (non-bargaining only). Employees who are on a Performance Improvement Plan and those who have received written discipline in the prior 10 months are not eligible for a Sharing for Success check. These checks, with appropriate tax and other required deductions, will be distributed prior to the end of December 2008.

I am so proud of NSTec - to achieve an outstanding rating given the huge challenges that needed to be overcome is simply awesome. But then again, NTS is used to spectacular things - we do indeed have a proud past and an exciting future. We face a whole new set of challenges for FY09, but I am confident that we will meet our objectives.

Congratulations to each and every employee - we are one of the best companies in the complex!

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