
<PAGE>   1
                                                                     EXHIBIT 10P




                          ANALYSIS & TECHNOLOGY, INC.

                           DEFERRED COMPENSATION PLAN





                                                            REV F - 1 APRIL 1994
<PAGE>   2

                               TABLE OF CONTENTS


<TABLE>
<S>                                                                                                      <C>
ARTICLE I - Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1

ARTICLE II - Definitions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1
     2.1   Affiliate   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
     2.2   Aggregate Deferral  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
     2.3   Annual Deferral   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
     2.4   Beneficiary   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
     2.5   Board  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.6   Committee   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
     2.7   Contributions   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
     2.8   Deferral Benefit   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.9   Deferral Period   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
     2.10  Deferred Income Account  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.11  Determination Date   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.12  Effective Date   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.13  Employer  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
     2.14  Gross Salary   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.15  Participant  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.16  Participation Agreement  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.17  Performance Incentive Awards   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2
     2.18  Plan Administrator   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3
     2.19  Plan Year  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3
     2.20  Retirement   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3
     2.21  Spouse   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3
     2.22  Termination   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
     2.23  Total Compensation   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3

ARTICLE III - Administration  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   3
     3.1   Committee   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
     3.2   Agents  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
     3.3   Procedure   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
</TABLE>
<PAGE>   3

                           TABLE OF CONTENTS (CONT'D)

<TABLE>
<S>                                                                                                      <C>
ARTICLE IV - Participation and Deferral Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
     4.1  Eligibility   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
     4.2  Participation   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
     4.3  Deferral Amounts  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
     4.4  Waiver of Deferral  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
     4.5  Employer Contribution   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5

ARTICLE V - Deferred Income Accounts  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
     5.1  Crediting of Deferred Compensation  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
     5.2  Vesting of Deferred Income Account  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
     5.3  Determination of Account  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
     5.4  Investment Performance  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
     5.5  Statement of Accounts   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6

ARTICLE VI - Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
     6.1  Benefit Payments and Form of Benefit  . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
     6.2  Benefit Commencement  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.3  Retirement  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.4  Termination   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.5  Death   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.6  Hardship Distribution   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.7  Withholding   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.8  Leave of Absence  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
     6.9  Change of Control   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8

ARTICLE VII - Beneficiary Designation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     7.1  Beneficiary Designation   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     7.2  Amendment, Marital Status   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     7.3  No Participant Designation  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     7.4  Effect of Payment   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9

ARTICLE VIII - Amendment and Termination of Plan  . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     8.1  Amendment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
     8.2  Company's Right to Terminate  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  10
</TABLE>
<PAGE>   4

                           TABLE OF CONTENTS (CONT'D)


<TABLE>
<S>                                                                                                         <C>
ARTICLE IX - General Provisions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   10
      9.1   Unsecured General Creditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   10
      9.2   Nonassignability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   10
      9.3   Not a Contract of Employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   10
      9.4   Protective Provisions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.5   Terms  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.6   Captions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.7   Governing Law  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.8   Validity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.9   Notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.10  Successors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11
      9.11  Incompetent Participant or Beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . . . .   11

ARTICLE X - Claims Procedure   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   12
     10.1   Claim  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   12
     10.2   Denial of Claim  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   12
     10.3   Review of Claim  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   12
     10.4   Final Decision   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   12

APPENDIX A - Participation and Deferral Election Agreement

APPENDIX B - Beneficiary Designation and Form of Benefit Election
</TABLE>
<PAGE>   5



                                   ARTICLE I


                                    Purpose

       The purpose of the Deferred Compensation Plan (hereinafter referred to
as the "Plan") is to provide funds upon the retirement, death, or disability of
designated employees of Analysis & Technology, Inc. and those of its Affiliates
which participate in the Plan (hereinafter collectively referred to as the
"A&T" or "Company").  It is intended that the Plan will aid in retaining and
attracting employees by providing a means to supplement their standard of
living in retirement.  In addition, the Plan is to provide funds upon the
completion of service or death of a member of the Board of Directors of A&T.



                                   ARTICLE II


                                  Definitions

       For purposes of this Plan, the following words and phrases shall have
the meanings indicated, unless the context clearly indicates otherwise.

       2.1  Affiliate.  "Affiliate" means a corporation which is a member of a
controlled group of corporations of which the Company is also a member.  A
"controlled group of corporations" shall be defined in accordance with Section
414(b) of the Internal Revenue Code (the "Code") and shall include other
corporations to the extent fixed by the Committee.  "Affiliate" also means any
unincorporated business under common control with the Company.  "Common
Control" shall be defined in accordance with regulations prescribed by the
Secretary of the Treasury under Section 414(c) of the Code and, to the extent
not inconsistent therewith, in accordance with such rules as may be adopted by
the Committee.

       2.2  Aggregate Deferral.  "Aggregate Deferral" means the aggregate of
the Salary, Incentive Compensation, Retainer and Meeting Fee Deferrals of a
Participant.

       2.3  Annual Deferral.  "Annual Deferral" means the amount a Participant
elects to defer annually pursuant to his filed Participation Agreement.

       2.4  Beneficiary.  "Beneficiary" means the person, persons or entity
designated by the Participant, or as otherwise provided in accordance with
Article VII, to receive any benefits





                                       1
<PAGE>   6



payable under the Plan.  Any Beneficiary designation shall be made in a written
instrument filed with the Committee.

       2.5 Board.  "Board" means the Board of Directors of A&T.

       2.6  Committee.  "Committee" means the Committee appointed by the Board
to administer the Plan pursuant to Article III.

       2.7  Contributions.  "Contributions" means for any Plan Year the amount
of total compensation deferred under this Plan for such Plan Year.

       2.8 Deferral Benefit.  "Deferral Benefit" means the benefit payable to a
Participant pursuant to Article VI.

       2.9  Deferral Period.  "Deferral Period" means the calendar year for
which Compensation is being deferred as set forth in the Participant's filed
Participation Agreement and Article IV.

       2.10  Deferred Income Account.  "Deferred Income Account" means the
accounts maintained on the books of the Employer for each Participant pursuant
to Article V.  A separate Deferred Income Account shall be maintained for each
Participant.  A Participant's Deferred Income Account shall be utilized solely
as a device for the determination of the amounts to be paid to the Participant
pursuant to this Plan.  A Participant's Deferred Income Account shall not
constitute, or be treated as, a trust of any kind, and it shall be funded at
all times but shall remain an asset of the Employer.

       2.11  Determination Date.  "Determination Date" means the date on which
the value of a Participant's Deferred Income Account is determined as provided
in Article V hereof.  The last day of each calendar month shall be a
Determination Date.

       2.12  Effective Date.  "Effective Date" shall be January 1, 1987.

       2.13 Employer.  "Employer" means Analysis & Technology, Inc. and those
of its Affiliates which, with the approval of the Board, adopt the Plan, and
any successor to the business thereof.

       2.14  Gross Salary.  "Gross Salary" means the salary paid to an Employee
Participant in respect of a Plan Year and considered to be "wages" for purposes
of federal income tax withholding, but before reduction for compensation
pursuant to this Plan.  Gross salary shall include any amounts deferred in
accordance with IRC Section 401(k) and any amounts which qualify under IRC
Section 125.

       2.15  Participant.  "Participant" means any designated individual who
participates in this Plan by filing a Participation Agreement as provided in
Article IV.

       2.16  Participation Agreement.  "Participation Agreement" means the
agreement filed with the Committee by a Participant pursuant to Section 4.2.

       2.17  Performance Incentive Awards. "Performance Incentive Award" means
the compensation, if any, that is not part of the Employee Participant's gross
salary.





                                       2
<PAGE>   7




       2.18  Plan Administrator.  The Committee shall be the administrator of
the Plan.

       2.19  Plan Year.  "Plan Year" means the period from the effective date
of the Plan to December 31, 1987 and any calendar year thereafter.

       2.20  Retirement.  "Retirement" means an Employee Participant's
retirement from service after age 55 or a Director Participant's completion of
service with A&T.

       2.21  Spouse.  "Spouse" means a Participant's wife or husband who was
lawfully married to the Participant immediately prior to receipt of payments
from this Plan.

       2.22 Termination.  "Termination" means severance from service with the
Company other than Retirement.

       2.23  Total Compensation.  "Total Compensation" means the sum of the
gross salary and the Performance Incentive Award, if any, or the retainer and
meeting fee paid to a Participant during the Plan Year.



                                  ARTICLE III


                                 Administration

       3.1  Committee; Duties.  This Plan shall be administered by a committee
(the "Committee") consisting of not less than three individuals who shall be
appointed, from time to time, by the Board of A&T.  The Committee shall have
the authority to make, amend, interpret and enforce all appropriate rules and
regulations for the administration of this Plan and decide, or resolve, any and
all questions including interpretations of this Plan, as may arise in
connection with the Plan.  No member of the Committee may act, vote or
otherwise influence a decision of the Committee specifically relating to his
own participation in the Plan.

       3.2  Agents.  In the administration of this Plan, the Committee may,
from time to time, employ agents and delegate to them such administrative
duties as it sees fit and may, from time to time, consult with counsel who may
be counsel to the Employer.

       3.3  Procedure.  All determinations of the Committee shall be made by
not less than a majority of its members present at the meeting at which a
quorum is present.  A majority of the entire Committee shall constitute a
quorum for the transaction of business.  Any action required or permitted to be
taken at a meeting of the Committee may be taken without a meeting, if a
unanimous written consent which sets forth the action is signed by each member
of the Committee and filed with the minutes of proceedings of the Committee.
Services on the





                                       3
<PAGE>   8



Committee shall constitute services as an employee of A&T so that members
of the Committee shall be entitled to indemnification for their services as
members of the Committee to the same extent as for services as employees of
A&T.



                                   ARTICLE IV


                       Participation and Deferral Amounts

       4.1  Eligibility.  All employees who are officers of Analysis &
Technology, Inc.,  all employees who have a gross salary of $100,000 per annum
or greater,  all members of the Board of Directors who are not employees of A&T
or of an affiliate, and all active participants of the Plan as of December 31,
1993.

       4.2  Participation.  Participation in the Plan shall be limited to that
class of Employees and Directors eligible to participate pursuant to Section
4.1 and who elect to participate in the Plan by filing a properly completed and
executed Participation Agreement with the Committee not later than December 15,
1987 and each December 15 thereafter (or such later date as the Committee shall
in its sole discretion decide) substantially in the forms annexed hereto as
Appendix A.  The Participation Agreement shall provide for an Aggregate
Deferral during the Deferral Period.  The election to participate shall be made
pursuant to this Section 4.2 for the following calendar year.  Such election
shall be irrevocable for that Plan Year.  Employees and Directors entering an
eligible class shall be able to participate in the Plan as of next January 1.
For eligible Employees hired after December 15, 1987 and each December 15
thereafter, participation in the Plan for the following year shall be at the
Committee's discretion and a properly completed and executed Participation
Agreement must be filed no later than December 31.

       4.3  Deferral Amounts.  The Participant shall elect annually, in the
Participation Agreement or on such other form as the Committee shall provide
therefore, the following:

       (a)  Eligible employees can defer up to twenty-five percent (25%) of
their total compensation.

       (b)  Eligible Directors can defer from 10% to 100% of their annual
Director's retainer and meeting fees compensation in increments of 10%.

       (c)  Eligible Director who is Chairman of the Board of Directors can
defer from 10% to 100% of the annual Chairman's retainer compensation in
increments of 10%.





                                       4
<PAGE>   9




       4.4  Waiver of Deferral.  The Committee may, in its sole discretion,
grant a waiver or suspension of a Participant's deferral commitment, for the
balance of the Deferral Period, upon a finding that the Participant has
suffered a financial hardship.  For purposes of this Plan, financial hardship
shall be determined by the Committee under uniform rules to be adopted by the
Committee and shall include without limitation, a need for cash arising from an
illness, casualty loss, sudden financial reversal, transfer of place of
employment or other such occurrence.

       4.5  Employer Contribution.  Eligible employees who are officers at the
vice president and above level of Analysis & Technology, Inc. or its
subsidiaries and are eligible for an employer matching contribution in the
employer's or a subsidiary's 401(k) plan, shall receive an employer
contribution of 3% of compensation less the actual employer contribution to the
401(k) plan provided the employee elects to defer under Section 4.3(a) at least
6% of compensation less the actual employee deferral to the 401(k) plan.  This
contribution shall be designated the 401(k) Restitution Plan contribution.

       For calendar year 1994 only, the employer contribution will be 75% of
the annual employer contribution and the requirement of the employee deferral
under Section 4.3(a) will be waived.



                                   ARTICLE V


                            Deferred Income Accounts

       5.1  Crediting of Deferred Compensation.  The amount of Compensation
that a Participant elects to defer in respect of each Plan Year shall be
credited by the Company to the Participant's Deferred Income Account for such
Plan Year on the first day of each calendar quarter in the case of retainer and
meeting fees, as defined in Section 4.3(b) and (c), on the biweekly paydate in
the case of gross salary as defined in Section 4.3(a), and, in the case of
Incentive Award, on the date such Incentive Award is awarded in such Plan Year.
The amount credited to a Participant's Deferred Income Account shall equal the
amount deferred except that the amount may be reduced, at the discretion of the
Committee, to the extent that the Company is required to withhold any taxes or
other amounts from the Participant's deferred compensation pursuant to any
federal, state, or local law that may be enacted in the future.

       5.2  Vesting of Deferred Income Account.  A Participant shall always be
100% vested in the value of his Deferred Income Account.





                                       5
<PAGE>   10




       5.3  Determination of Account.  A Participant's Deferred Income Account,
as of each Determination Date, shall consist of the sum of (i) the balance of
the Participant's Deferred Income Account as of the immediately preceding
Determination Date, (ii) amounts deferred since the immediately preceding
Determination Date pursuant to Article IV and (iii) any investment
earnings/losses credited since the preceding Determination Date.  The Deferred
Income Account of each Participant shall be reduced by the amount of all
distributions, if any, made from such Deferred Income Account since the
preceding Determination Date. The investment earnings/losses credited to the
Deferred Income Account in respect of any Plan Year shall be based upon
investment performance for such Plan Year determined pursuant to Section 5.4.

       5.4  Investment Performance.  All Deferred Income Accounts shall be
invested as elected by the Committee.

       5.5  Statement of Accounts.  The Committee shall submit to each
Participant, after the close of each calendar quarter, a statement in such form
as the Committee deems desirable setting forth the balance to the credit of
such Participant in his Deferred Income Account as of the last day of the
calendar quarter.



                                   ARTICLE VI


                                    Benefits

       6.1  Benefit Payments and Form of Benefit.  Each Participant entitled to
a Deferral Benefit will receive a payment pursuant to Section 5.3 and this
Section 6.1.  Participants with Deferred Income Accounts exceeding $10,000
shall have the following Form of Benefit payment options:

       (a)  Lump-Sum Payment.  Under this form of payment, the value of a
Participant's Deferred Income Account shall be paid in a single payment.

       (b)  Five-Year Payment.  Under this form of payment, the value of a
Participant's Deferred Income Account shall be paid in five annual payments.
The amount of the payments will be: one-fifth of the account balance in year
one, one-quarter of the existing account balance in year two, one-third of the
existing account balance in year three, one-half of the existing account
balance in year four, and 100% of the remaining account balance in year five.
The form of benefit payment shall be elected by the Participant in his filed
Beneficiary Designation and Form of Benefit Election, in the form annexed
hereto as Appendix B, or in other





                                       6
<PAGE>   11



such agreement in the form provided therefore by the Committee.  Participants
with Deferred Income Accounts of $10,000 or less shall receive benefits in the
form of a lump-sum payment.

       6.2  Benefit Commencement.  Payment of Deferral Benefits shall commence
within 120 days following the Retirement, Termination or Death of a
Participant.

       6.3  Retirement.  Upon a Participant's retirement, in accordance with
Section 2.21, the value of the Deferred Income Account will be determined as of
the Determination Date immediately following his date of retirement pursuant to
Section 5.3 and in accordance with Sections 6.1, 6.2, and 6.7.

       6.4  Termination.  In the event a Participant terminates his employment
for reasons other than Death or Retirement, the value of the Deferred Income
Account will be determined pursuant to Section 5.3 and in accordance with
Sections 6.1, 6.2, and 6.7.  If a Participant ceases to be an employee of the
Company because of the sale or other disposition of A&T or of the assets of an
Affiliate, his employment shall be deemed to have been terminated pursuant to
this Section 6.4.

       6.5  Death.  Upon the death of a Participant, while employed by the
Company or an Affiliate, the Deferral Benefit shall be paid to the
Participant's Beneficiary in accordance with Sections 6.1, 6.2, and 6.7 as if
the Participant had retired as of the date of his death.

       6.6  Hardship Distribution.  The Committee may, in its sole discretion,
upon the finding that the Participant or Beneficiary has suffered a financial
hardship, allow such Participant or Beneficiary to withdraw a portion of his
Deferred Income Account sufficient to eliminate the hardship.  Financial
hardship shall be determined by the Committee under uniform rules to be adopted
by the Committee.

       6.7  Withholding; Payroll Taxes.  To the extent required by the law in
effect at the time payments are made, the Employer shall withhold from payments
made hereunder any taxes required to be withheld for federal, state, or local
government purposes.

       6.8  Leave of Absence.  If a Participant is on approved leave of
absence, including, without limitation, disability leave while in receipt of
long-term disability payments, he shall be considered as actively employed
(except that no deferrals of income shall be permitted or required from
disability pay) and shall not be entitled to Deferral Benefits until his actual
Retirement or Termination and the cessation of his receipt of benefits as a
current employee, including, without limitation, his receipt of long-term
disability payments.  If a Participant becomes employed by an Affiliate that is
not a Participating Employer, such employment shall not be considered to be
Retirement or Termination.  If a Participant terminates his employment,
commences receiving Deferral Benefits and returns to employment with A&T or an
Affiliate, payments to him of his Deferral Benefit shall cease until his
subsequent Retirement or Termination, but no repayment to the Plan will be
required or permitted.





                                       7
<PAGE>   12




       6.9  Change of Control.  In the event of a Change of Control of A&T (as
hereinafter defined), all Deferred Income Accounts of Participants shall be
determined pursuant to Section 5.3 as of the effective date of the Change in
Control.  At the election of the Committee, in the exercise of its sole
discretion, Deferral benefits shall become payable immediately following a
Change in Control utilizing the method of payment previously elected by each
Participant, subject to the limitation set forth in the following sentence.
Any payment of Deferral Benefits pursuant to the preceding sentence shall be
reduced to the extent required so that the amount paid pursuant to this
Section, when taken together with all other payments to a Participant under all
other A&T or Affiliate plans, contracts, and agreements, may be paid to a
Participant without any of such payments being non-deductible to the Company
under Section 280G, or subject to tax upon receipt by the Participant under
Section 4999, of the Code as then in effect.  In the event it is determined
that the amount payable to a Participant in accordance with the preceding
sentence is less than the amount originally calculated and paid to the
Participant, the Participant shall repay the Company the amount that is
necessary so that, after such adjustment, the Participant will have received or
be entitled to receive hereunder the total amount defined above, with any such
repayment to bear interest at the rate specified pursuant to Section 1272 of
the Code.  For purposes of this Section 6.9, a Change of Control shall be
deemed to have taken place if: (a) any consolidation or merger of A&T shall be
consummated in which A&T is not the continuing or surviving corporation or
pursuant to which shares of A&T's voting securities would be converted to cash,
securities or other property other than a consolidation or merger of A&T in
which the holders of A&T's voting securities immediately prior to the merger
have the same proportionate ownership of voting securities of the surviving
corporation immediately after the merger; (b) any sale, lease, exchange or
other transfer (in one transaction or a series of related transactions) of all,
or substantially all, of the assets of A&T shall be consummated; (c) the
shareholders of A&T shall have approved any plan or proposal for A&T's
liquidation or dissolution; (d) any person [as such term is used in Section
13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act")], other than an A&T Employee Benefit Plan, shall become the
beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of
20% or more of A&T's outstanding voting securities; or (e) during any period of
two consecutive years, individuals who at the beginning of such period
constitute the entire Board of Directors shall cease for any reason to
constitute a majority thereof unless election, or the nomination for election
by A&T's shareholders, of each new director was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the
beginning of the period.





                                       8
<PAGE>   13



                                  ARTICLE VII


                            Beneficiary Designation

       7.1  Beneficiary Designation.  Each Participant shall have the right, at
any time, to designate any person, persons, or entity as his Beneficiary or
Beneficiaries to whom payment under the Plan shall be paid in the event of his
death by filing with the Committee a Beneficiary Designation substantially in
the form annexed hereto as Appendix B.  Such payment shall be in accordance
with and pursuant to Section 6.1, Section 6.2, and Section 6.7.

       7.2  Amendment, Marital Status.  If a Participant's compensation is
community property, any designation other than the Spouse made by a Participant
then married shall not be valid or effective to the extent any Beneficiary (or
combination thereof) is to receive more than fifty percent (50%) of such
Participant's aggregate benefits payable hereunder unless the Spouse shall, in
writing, approve such designation.  Any Beneficiary designation may be changed
by a Participant by filing such change on a form prescribed by the Committee.
The filing of a new Beneficiary designation will cancel all Beneficiary
designations previously filed for such Plan Year, subject to the first sentence
of this Section 7.2.

       7.3  No Participant Designation.  If a Participant fails to designate a
Beneficiary as provided above, or if his Beneficiary designation is revoked by
operation of law or otherwise, without execution of a new designation, or if
all designated Beneficiaries predecease the Participant or die prior to
complete distribution of the Participant's benefits, then the Participant's
Beneficiary shall be deemed to be his estate.

       7.4  Effect of Payment.  The completed payment of the balance of all
Deferred Income Accounts shall completely discharge the Company's obligations
under this Plan.



                                  ARTICLE VIII


                       Amendment and Termination of Plan

       8.1  Amendment.  Analysis & Technology, Inc. may at any time amend the
Plan in whole or in part, provided, however, that no amendment shall decrease
the balance to the credit of any Deferred Income Account as of the date of such
amendment.





                                       9
<PAGE>   14




       8.2  Company's Right to Terminate.  The Company has the right to amend,
suspend, or terminate the Plan at any time and for any reason.  The consent of
any Participant, Beneficiary, other Company, or other person shall not be
requisite to such amendment, suspension, or termination of the plan.  Upon the
termination of the Plan, with respect to existing deferrals, each Participant
shall receive, in a lump sum, the balance of his Deferred Income Account.



                                   ARTICLE IX


                               General Provisions

       9.1  Unsecured General Creditor.  Participants and their Beneficiaries,
heirs, successors, and assigns shall have no legal or equitable rights,
interest or claims in any property or assets of the Company.  No assets of the
Company shall be held under any trust for the benefit of Participants, their
Beneficiaries, heirs, successors, or assigns, or held in any way as collateral
security from the fulfilling of the obligations of the Company under this Plan.
For purposes of this Plan, any and all of the Company's assets shall be, and
remain, the general, unpledged, unrestricted assets of the Company.  The
Company's obligation under the Plan shall be merely that of an unfunded and
unsecured promise of the Company to pay money in the future.

       9.2  Nonassignability.  Neither a Participant nor any other person shall
have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage
or otherwise encumber, transfer, hypothecate or convey in advance of actual
receipt the amounts, if any, payable hereunder.  All payments and the rights to
all payments are expressly declared to be unassignable and nontransferable.  No
part of the amounts payable shall, prior to actual payment, be subject to
seizure or sequestration for the payment of any debts, judgments, or decrees
(except Qualified Domestic Relations Orders from a court of competent
jurisdiction pursuant to the Retirement Equity Act of 1984), or transferred by
operation of law in the event of a Participant's or any Beneficiary's
bankruptcy or insolvency.

       9.3  Not a Contract of Employment.  The terms and conditions of this
Plan shall not be deemed to constitute a contract of employment between the
Company and the Participant, and the Participant (or his Beneficiary) shall
have no rights against the Company except as may otherwise be specifically
provided herein.  Moreover, nothing in this Plan shall be deemed to give a
Participant the right to be retained in the service of the Company or to
eliminate the Company's right to discipline or discharge him at any time for
any reason whatsoever.





                                       10
<PAGE>   15




       9.4  Protective Provisions.  A Participant or beneficiary will cooperate
with the Company by furnishing any and all information requested by the
Company, in order to facilitate the payment of benefits hereunder, and taking
such other action as may be requested by the Company or the Committee.

       9.5  Terms.  Whenever any words are used herein in the masculine, they
shall be construed as though they were used in the feminine in all cases where
they would so apply; and wherever any words are used herein in the singular or
in the plural, they shall be construed as though they were used in the plural
or in the singular, as the case may be, in all cases where they would so apply.

       9.6  Captions.  The captions of the articles, sections and paragraphs of
this Plan are for convenience only and shall not control or affect the meaning
or construction of any of its provisions.

       9.7  Governing Law.  The provisions of this Plan shall be construed and
interpreted according to the laws of the State of Connecticut.

       9.8  Validity.  In case any provisions of this Plan shall be illegal or
invalid for any reason, said illegality or invalidity shall not affect the
remaining parts hereof, but this Plan shall be construed and enforced as if
such illegal and invalid provisions had never been inserted herein.

       9.9  Notice.  Any notice or filing required or permitted to be given to
the Committee under this Plan shall be sufficient if in writing and hand
delivered, or sent by registered or certified mail, to the Committee at the
principal office of A&T.  Such notice shall be deemed given as of the date of
delivery, or if delivery is made by mail, as of the date shown on the postmark
on the receipt for registration or certification.

       9.10  Successors.  The provisions of this Plan shall bind and inure to
the benefit of the Company and its successors and assigns.  The term successors
as used herein shall include any corporate or other business entity which
shall, whether by merger, consolidation, purchase or otherwise acquire all or
substantially all of the business and assets of the Company, and successors of
any such corporation or other business entity.

       9.11  Incompetent Participant or Beneficiary.  In the event that it
shall be found upon evidence satisfactory to the Committee that any Participant
or Beneficiary to whom a benefit is payable under this Plan is unable to care
for his affairs because of illness or accident, any payment due (unless prior
claim therefore shall have been made by a duly authorized guardian, or other
legal representative) may be paid, upon appropriate indemnification of the
Committee, to the Spouse or other person deemed by the Committee to have
incurred expense for such Participant.  Any such payment shall be a payment for
the account of the Participant and shall be a complete discharge of any
liability of the Plan therefore.





                                       11
<PAGE>   16



                                   ARTICLE X


                                Claims Procedure

       10.1  Claim.  Any person claiming a benefit, requesting an
interpretation or ruling under the Plan, or requesting information under the
Plan shall present the request in writing to the Committee which shall respond
in writing within 45 days of the request.

       10.2  Denial of Claim.  If the claim or request is denied, the written
notice of denial shall state:

       (a)  The reason for denial, with specific reference to the Plan
       provisions on which the denial is based.

       (b)  A description of any additional material or information required
       and an explanation of why it is necessary.

       (c)  An explanation of the Plan's claim review procedure.

       10.3  Review of Claim.  Any person whose claim or request is denied or
who has not received a response within 45 days may request review by notice
given in writing to the Committee.  The claim or request shall be reviewed by
the Committee who may grant the claimant a hearing, or request a hearing, to
clarify any related matters which it deems appropriate.  On review, the
claimant may be entitled to representation, may examine pertinent documents,
and may submit issues and comments in writing.

       10.4  Final Decision.  The decision on review shall normally be made by
the Committee within 60 days of the date of the appeal.  If an extension of
time is required for a hearing or other special circumstances, the claimant
shall be notified and the time limit shall be 120 days.  The decisions shall be
in writing and shall state the reason and the relevant Plan provisions and
shall be conclusive and binding on all parties.



                                            /s/ D. M. Nolf
                                            ____________________________________
                                            D. M. Nolf
                                            Executive Vice President/Secretary
                                            Rev F - 1 April 1994







                                       12

