AMENDED AND RESTATED EMPLOYMENT AGREEMENT

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This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement") is entered
into as of the 1st day of November 2016, (the "Effective Date"), by and between
Tutor Perini Corporation,  a Massachusetts corporation (herein referenced to as
"Employer"), and James A. ("Jack") Frost, an individual ("Executive'').

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WHEREAS, Employer entered into that certain Agreement and Plan of Merger
(the "Merger Agreement") by and among the Employer, Trifecta Acquisition LLC, a
California limited liability company and a wholly-owned subsidiary of Employer
("Merger Sub"), Tutor-Saliba Corporation, a California corporation (the
"Company"), Executive and shareholders of the Company; and Employer has
subsequently been renamed Tutor Perini Corporation;

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WHEREAS, the Employer and Executive desire to enter into this Agreement to set
out the terms and conditions for the employment relationship of Executive with
the Employer.

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NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein and for other good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the parties hereto agree as
follows:

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Section 1.       Effectiveness. This Agreement shall become effective on the
Effective Date.

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Section 2.       Employment Agreement, On the terms and conditions set forth in
this Agreement, the Employer agrees to employ Executive and Executive agrees to
be employed by the Employer for the Employment Period set forth in Section 3 and
in the positions and with the duties set forth in Section 4. Terms used herein
with initial capitalization not otherwise defined are defined in Section 25.

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Section 3.       Term. The initial term of employment under this Agreement shall
be through December 31, 2017 commencing on the Effective Date (the "Initial
Term"). The term of employment shall be automatically extended for an additional
consecutive 12-month period (the "Extended Term") on January 1, 2018 and each
subsequent  anniversary, unless and until the Employer or Executive provides
written notice to the other  party in accordance with Section 12 hereof not less
than sixty (60) days before such anniversary date that such party is electing
not to extend the term of employment under this Agreement ("Non-Renewal"), in
which case the term of employment hereunder shall end as of the end of such
Initial Term or Extended Term, as the case may be, unless sooner terminated as
hereinafter set forth. Such Initial Term and all such Extended Term are
collectively referenced to herein as the "Employment Period."

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Section 4.       Position and Duties. During the Employment Period, Executive
shall serve as the President  & Chief Operating Officer of the Employer. In such
capacity, Executive shall report exclusively to Ronald N. Tutor, Chief Executive
Officer and Chairman of the Board of Employer, and shall have the duties,
responsibilities and authorities customarily associated with the position of
President & Chief Operating Officer of a company the size and nature of the
Employer, including, without limitation, oversight of the certain Employers
day-to-day operations of the Employer, as otherwise authorized by Ronald Tutor.
Executive shall devote Executive's

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reasonable best efforts and full business time to the performance of Executive's
duties hereunder and the advancement of the business and affairs of the
Employer.  Executive will choose the new CEO of the Civil Group with approval of
the Chairman.

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Section 5.       Place of Performance. During the Employment Period, Executive
shall be based as needed for the Employer's business consistent with the
Executive's position(s).

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Section 6.       Compensation and Benefits.

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(a)       Base Salary. During the Employment Period, the Employer shall pay to
Executive a base salary (the "Base Salary") at the rate of $1,000,000 per
calendar year, less applicable deductions, and prorated for any partial year.
The Base Salary may be reviewed for increase by the Employer and may be
increased in the discretion of the Employer; and any such adjusted Base Salary
shall constitute the "Base Salary" for purposes of this Agreement. The Base
Salary shall be paid in substantially equal installments in accordance with the
Employer's regular payroll procedures.

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(b)       Annual Bonus. Executive shall be paid an annual cash performance bonus
(an "Annual Bonus") in respect of each calendar year that ends during the
Employment Period, to the extent earned based on performance against objective
performance criteria. The performance criteria for any particular calendar year
shall be established by the Compensation Committee of the Board (the
"Compensation Committee") no later than 90 days after the commencement of such
calendar year or at such other time as determined by the Compensation Committee.
Executive's Annual Bonus for a calendar year shall equal 100% of his Base Salary
for that year if target levels of performance for that year (as established by
the Compensation Committee when the performance criteria for that year are
established) are achieved, with greater or lesser amounts (including zero) paid
for performance above and below target (such greater and lesser amounts to be
determined by a formula established by the Compensation Committee for that year
when it established the targets and performance criteria for that year).
Executive's Annual Bonus for a calendar year shall be determined by the
Compensation Committee after the end of the calendar year and shall be paid to
Executive when annual bonuses for that year are paid to other senior executives
of the Employer generally, but in no event later than March 15 of the following
calendar year.

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(c)       Equity Compensation. Executive will be considered at a level
appropriate for his positions with the Employer for participation in the
Employer’s company-wide equity incentive plan, including the potential grant of
restricted stock units of the Employer.  Subject to the terms of this Agreement,
any restricted stock units (“RSU’s”) that are granted shall be governed by a
restricted stock unit agreement in substantially the form used by the Employer
for awards of restricted stock units to other senior executives.  Employer has a
plan that will provide that Executive will receive an annual grant of 100,000
RSU’s and 100,000 stock options for 2015, 2016 and 2017, subject to performance
criteria established by the Compensation Committee and/or the Board and the
Executive’s continued employment with the Company at the time of grant.  Said

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annual 100,000 RSU’s and 100,000 stock options will be granted to Executive on
each of approximately March 31, 2015, which will vest in March, 2016; on March
31, 2016, which will vest in March, 2017; on March 31, 2017, which will vest in
March, 2018, in each case, subject to the Executive’s continued employment with
the Company at the time of grant and on the applicable vesting date.  Additional
cash payment of $250,000 to be paid during 2016.

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(d)       Other Incentives. Executive shall be eligible for other or additional
long-term incentives in the sole and absolute discretion of the Compensation
Committee and/or the Board. Such incentive awards (if any) shall be at a level,
and on terms and conditions, that are commensurate with Executive's positions
and responsibilities at the Employer and appropriate in light of corresponding
awards to other senior executives of the Employer (but without regard to any
special or one-time grants to other senior executives, including any sign-on or
special retention grants). Except as otherwise provided herein, Executive shall
not be entitled to participate in any other compensation, bonus, retention or
incentive program, except as may be explicitly determined by the Board or the
Compensation Committee in its sole and absolute discretion.

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(e)       Perquisites. During the Employment Period, Executive shall be entitled
to (i) to participate in all fringe benefits and perquisites made available
generally to senior executives of the Employer, such participation to be at
levels, and on terms and conditions, that are commensurate with his positions
and responsibilities at the Employer, and (ii) to receive such additional fringe
benefits and perquisites as the Employer may, in its sole and absolute
discretion, from time to time provide. In addition, during the Employment
Period, Executive shall be entitled to 20 hours of flying time per calendar year
of personal use of the Employer’s GIV Jet or equivalent with any unused balance
being carried forward to subsequent calendar years in the Employment
Period.  Executive shall also be provided with an automobile on terms and
conditions to be determined by the Chief Executive Officer. During the
Employment Period, the Employer will provide Executive with life insurance
coverage of $1.5mm related to the company’s standard life insurance policies, a
$3.8 million of a separately purchased policy and an additional $5 million for a
total of $10.3 million.

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(f)       Vacation; Benefits. During the Employment Period, Executive will be
entitled to participate in all standard Company benefits including vacation
days, holidays, pension, retirement, profit sharing, savings, 401(k), income
deferral, life insurance, disability insurance, accidental death and
dismemberment protection, travel accident insurance, hospitalization, medical,
dental, vision and other employee benefit plans, programs and arrangements that
may from time to time be made available generally to other senior executives of
the Employer, all to the extent Executive is eligible under the terms of such
plans, programs and arrangements.

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(g)       Clawback of Certain Incentive Compensation.  Notwithstanding any other
provision herein to the contrary, any “incentive-based compensation” within the
meaning of Section 10D of the Securities Exchange Act of 1934, as amended (the
“Act”) shall be subject to clawback by the Employer in the manner required by
the Employer’s recoupment policy as in effect from time to time and in the
manner required by Section 10D(b)(2) of the Act, as determined by the applicable
rules and regulations promulgated thereunder from time to time by the U.S.
Securities and Exchange Commission.

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Section 7.       Expenses. Executive is expected and is authorized to incur
reasonable expenses in the performance of his duties hereunder. The Employer
shall reimburse Executive for all such expenses reasonably and actually incurred
in accordance with policies which may be adopted from time to time by the
Employer promptly upon periodic presentation by Executive of an itemized
account, including reasonable substantiation of such expenses. Executive shall
be reimbursed his reasonable fees and costs, including attorneys' fees, in
connection with the review, negotiation and execution of this Agreement.

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Section 8.       Confidentiality, Non-Disclosure and Non-Competition Agreement.
The Employer and Executive acknowledge and agree that during Executive's
employment with the Employer, Executive will have access to and may assist in
developing Confidential Information and will occupy a position of trust and
confidence with respect to the Employer's affairs and business and the affairs
and business of its Affiliates. Executive agrees that the following obligations
are necessary to preserve the confidential and proprietary nature of
Confidential Information and to protect the Employer and its Affiliates against
harmful solicitation of employees and customers, harmful competition and other
actions by Executive that would result in serious adverse consequences for the
Employer and any of its Affiliates:

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(a)       Non-Disclosure. During and after Executive’s employment with the
Employer, Executive will not knowingly use, disclose or transfer any
Confidential Information other than as authorized in writing by the Employer or
within the scope of Executive's duties with the Employer. Anything herein to the
contrary notwithstanding, the provisions of this Section 8(a) shall not apply
(i) when disclosure is required by law or by any court, arbitrator, mediator or
administrative or legislative body (including any committee thereof) with actual
or apparent jurisdiction to order Executive to disclose or make accessible any
information; (ii) to the extent necessary in connection with any other
litigation, arbitration or mediation involving this Agreement, including, but
not limited to, the enforcement of this Agreement; (iii) as to information that
becomes generally known to the public or within the relevant trade or industry
other than due to Executive's violation of this Section 8(a); or (iv) as to
information that is or becomes available to Executive on a non-confidential
basis from a source that is entitled to disclose it to Executive.

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(b)       Materials. Executive will not remove any Confidential Information or
any other property of the Employer or any of its Affiliates from the Employer's
premises or make copies of such materials except for normal and customary use in
the Employer's business. Executive will return to the Employer all Confidential
Information and copies thereof and all other property of the Employer or any of
its Affiliates at any time upon the request of the Employer and in any event
promptly after termination of Executive's employment. Executive agrees to
identify and return to the Employer any copies of any Confidential Information
within Executive's control after Executive ceases to be employed by the
Employer. Anything to the contrary notwithstanding, nothing in this Section 8
shall prevent Executive from retaining a home computer, papers and other
materials of a personal nature, including diaries, calendars and information
relating to his compensation or relating to reimbursement of expenses,
information that he reasonably believes may be needed for tax purposes, and
copies of plans, programs and agreements relating to his employment.

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(c)       Developments. Executive shall, promptly upon reasonable request,
disclose to the Employer all inventions (whether patentable or not), trade
secrets, trademark concepts, and advertising and marketing concepts
(collectively, hereinafter referred to as "Developments"), that he makes, alone
or with others, during his employment with Employer or any of its Affiliates
relating to any of their businesses. Employer will exclusively own all
Developments. Executive hereby assigns to the Employer all rights that he has or
acquires in any Developments, and he will execute any documents and take any
actions as reasonably requested by the Employer necessary to effect that
assignment. Executive need not incur any cost related to that assignment or the
creation of any related intellectual property rights. The parties agree that
Developments are Confidential Information. Both during the Employment Period and
thereafter, Executive shall fully cooperate with the Employer's reasonable
requests in the protection and enforcement of any intellectual property rights
that relate to services performed by Executive for the Employer or any of its
Affiliates, whether under the terms of this Agreement or otherwise. This shall
include, upon reasonable request by the Employer, executing, acknowledging, and
delivering to Employer all documents or papers that may be necessary to enable
Employer to publish or protect such intellectual property rights. The Employer
shall bear all costs in connection with Executive’s compliance with the terms of
this provision.

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(d)       Cooperation. During the Employment Period and thereafter Executive
will, upon reasonable request and subject to such reasonable condition as
Executive may reasonably establish: (a) cooperate with the Employer in
connection with any matter that arose during Executive's employment and that
relates to the business or operations of the Employer or any of its Affiliates,
or of which Executive may have any knowledge or involvement; and (b) consult
with and provide information to the Employer and its representatives concerning
such matters. Such cooperation shall be rendered at reasonable times and places
and in a manner that does not unreasonably interfere with any other employment
in which Executive may then be engaged. Nothing in this Agreement shall be
construed or interpreted as requiring Executive to provide any testimony or
affidavit that is not truthful.

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(e)       No Solicitation or Hiring of Employees. During the Non-Compete Period,
Executive shall not solicit, entice, persuade or induce any individual who is
employed by the Employer or any of its Affiliates (or who was so employed within
500 days prior to Executive's or Employer's action to terminate) to refrain from
continuing such employment or becoming re-employed by Employer, or to become
employed by or enter into contractual relations with any other individual,
agency or entity other than the Employer or any of its Affiliates, and Executive
shall not hire, directly or indirectly, as an employee, consultant or otherwise,
any such person.

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(f)        Non-Competition.

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(i)       During the Non-Compete Period, Executive shall not, directly or
indirectly, (A) solicit or encourage any client or customer of the Employer or
any of its Affiliates, or any person or entity who was such a client or customer
within 500 days prior to Employer's or Executive's action to terminate, reduce
or alter in a manner adverse to the Employer or any of its Affiliates, any
existing business arrangements with the Employer or any of its Affiliates or to
transfer existing business from the Employer or any of its Affiliates to any
other person or entity, (B) provide services in any capacity to any entity if
(i) the entity competes with the Employer or

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any of its Affiliates by engaging in any business engaged in by the Employer or
any of its Affiliates in any country in which the Employer or its Affiliates
engages in such business, or (ii) the services to be provided by Executive are
competitive with the Employer and substantially similar to those previously
provided by Executive to the Employer or any of its Affiliates; or (C) own an
interest in any entity described in subsection (B)(i) immediately above;
provided, however, that Executive may own, as a passive investor, securities of
any such entity that has outstanding publicly traded securities so long as his
direct holdings in any such entity shall not in the aggregate constitute more
than 5% of the voting power of such entity. Executive agrees that, before
providing services, whether as an employee or consultant, to any entity during
the Non-Compete Period, he will provide a copy of this Agreement to such entity,
and such entity shall acknowledge to the Employer in writing that it has read
this Agreement. Executive acknowledges that this covenant has a unique, very
substantial and immeasurable value to the Employer, that Executive has
sufficient assets and skills to provide a livelihood for Executive while such
covenant remains in force and that, as a result of the foregoing, in the event
that Executive breaches such covenant, monetary damages would be an insufficient
remedy for the Employer and equitable enforcement of the covenant would be
proper.

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(ii)       If the restrictions contained in Section 8(f)(i) shall be determined
by any court of competent jurisdiction to be unenforceable by reason of their
extending for too great a period of time or over too great a geographical area
or by reason of their being too extensive in any other respect, Section 8(f)(i)
shall be modified to be effective for the maximum period of time for which it
may be enforceable and over the maximum geographical area as to which it may be
enforceable and to the maximum extent in all other respects as to which it may
be enforceable.

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(g)       Publicity. During the Employment Period, Executive hereby grants to
the Employer the right to use, in a reasonable and appropriate manner,
Executive's name and likeness, without additional consideration, on, in and in
connection with technical, marketing or disclosure materials, or any combination
thereof, published by or for the Employer or any of its Affiliates. Employer
shall obtain Executive's consent, which consent shall not be unreasonably
delayed, conditioned or denied, in connection with the use of Executive's name
and likeness.

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(h)       Conflicting Obligations and Rights. Executive agrees to inform the
Employer of any apparent conflicts between Executive's work for the Employer and
any obligations Executive may have to preserve the confidentiality of another's
proprietary information or related materials before using the same on the
Employer's behalf. The Employer shall receive such disclosures in confidence and
consistent with the objectives of avoiding any conflict of obligations and
rights or the appearance of any conflict of interest.

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(i)       Enforcement. Executive acknowledges that in the event of any breach
of this Section 8, the business interests of the Employer and its Affiliates
will be irreparably injured, the full extent of the damages to the Employer and
its Affiliates will be impossible to ascertain, monetary damages will not be an
adequate remedy for the Employer and its Affiliates, and the Employer will be
entitled to enforce this Agreement by a temporary, preliminary and/or permanent
injunction or other equitable relief, without the necessity of posting bond or
security, which Executive expressly waives. Executive understands that the
Employer may waive some of the requirements expressed in this Agreement, but
that such a waiver to be effective must be made in

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writing and should not in any way be deemed a waiver of the Employer's right to
enforce any other requirements or provisions of this Agreement. Executive agrees
that each of Executives obligations specified in this Agreement is a separate
and independent covenant and that the unenforceability of any of them shall not
preclude the enforcement of any other covenants in this Agreement. Executive
further agrees that any breach of this Agreement by the Employer prior to the
Date of Termination shall not release Executive from compliance with his
obligations under this Section 8, so along as the Employer fully complies with
Section 10 and Section 12.

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Section 9.       Termination of Employment.

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(a)        Permitted Terminations.    Executive's employment hereunder may be
terminated during the Employment Period under the following circumstances:

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(i)       Death. The Employment Period and Executive's employment hereunder
shall terminate upon Executive's death;

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(ii)       By the Employer. The Employer may terminate the Employment Period and
Executive's employment:

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(A)       Disability. If Executive has been substantially unable to  perform
Executives material duties hereunder by reason of illness, physical or mental
disability or other similar incapacity, which inability shall continue for 180
consecutive days or 270 days in any 24-month period (a "Disability") (provided,
that until such termination, Executive shall continue to receive his
compensation and benefits hereunder, reduced by any benefits payable to him
under any disability insurance policy or plan applicable to him or her); or

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(B)       Cause. For Cause or without Cause;

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(iii)       By Executive. Executive may terminate the Employment Period and his
employment for any reason or for no reason.

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(b)       Termination. Any termination of Executive's employment by the
Employer or Executive (other than because of Executive's death) shall be
communicated by written Notice of Termination to the other party hereto in
accordance with Section 12 hereof. For purposes of this Agreement, a "Notice of
Termination" shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon, if any, and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of Executive's employment under the provision so indicated.
Termination of Executive's employment shall take effect on the Date of
Termination. Executive agrees, in the event of any dispute under Section
9a(ii)(A) as to whether a Disability exists, and if requested by the Employer,
to submit to a physical examination by a licensed physician selected by mutual
consent of the Employer and Executive (which shall not unreasonably be
withheld), the cost of such examination to be paid by the Employer. The written
medical opinion of such physician shall be conclusive and binding upon each of
the parties hereto as to whether a Disability exists and the date when such
Disability arose. This Section shall be interpreted and applied so as to comply
with the provisions of the Americans with Disabilities Act and any applicable
state or local laws.

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Section 10.       Compensation Upon Termination.

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(a)       Death. If Executive's employment is terminated during the Employment
Period as a result of Executive's death, this Agreement and the Employment
Period shall terminate without further notice or any action required by the
Employer or Executive's legal representatives. Upon Executive's death during the
Employment Period, the Employer shall pay or provide the following: (i)
Executive's Base Salary due through the Date of Termination, (ii) all Accrued
Benefits, if any, to which Executive is entitled as of the Date of Termination
at the time such payments are due, and (iii) all outstanding equity awards held
by Executive immediately prior to his termination shall immediately vest (with
outstanding options remaining exercisable for the length of their remaining
term). Except as set forth herein, the Employer shall have no further obligation
to Executive under this Agreement.

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(b)       Disability. If the Employer terminates Executive's employment during
the Employment Period because of Executive's Disability, the Employer shall pay
or provide the following: (i) Executive's Base Salary due through the Date of
Termination, (ii) all Accrued Benefits, if any, to which Executive is entitled
as of the Date of Termination at the time such payments are due, and (iii) all
outstanding equity awards held by Executive immediately prior to his termination
shall immediately vest (with outstanding options remaining exercisable for the
length of their remaining term). Except as set forth herein, the Employer shall
have no further obligations to Executive under this Agreement.

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(c)       Termination by the Employer for Cause or Termination by Executive
Without Good Reason. If, during the Employment Period, the Employer terminates
Executive's employment for Cause pursuant to Section 9(a)(ii)(B) or Executive
terminates his employment without Good Reason, the Employer shall pay to
Executive Executive's Base Salary due through the Date of Termination and all
Accrued Benefits, if any, to which Executive is entitled as of the Date of
Termination, at the time such payments are due, and Executive's rights with
respect to equity or equity-related awards shall be governed by the applicable
terms of the related plan or award agreement.

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(d)       Termination by the Employer without Cause or Termination by Executive
with Good Reason. If the Employer terminates Executive's employment during the
Employment Period other than for Cause or Disability pursuant to Section 9(a) or
if Executive terminates his employment hereunder with Good Reason: (i) the
Employer shall pay Executive (A) Executive's Base Salary due through the Date of
Termination, (B) a Pro Rata Bonus at the time other executives of the Employer
receive annual bonuses for the calendar year in which the Date of Termination
occurs, (C) all Accrued Benefits, if any, to which Executive is entitled as of
the Date of Termination, in each case at the time such payments are due, and (D)
a cash lump sum in an amount equal to one and one-half (1½) times the sum of
Executive's Base Salary and Target Bonus for the year of termination, (ii) all
outstanding equity awards held by Executive immediately prior to his

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termination shall immediately vest (with outstanding options remaining
exercisable for the length of their remaining term), and (iii) Executive and his
covered dependents shall be entitled to continued participation in benefit plans
on the same terms and conditions as applicable immediately prior to Executive's
Date of Termination for 24 months; provided that if such continued coverage is
not permitted under the terms of such benefit plans, the Employer shall pay
Executive an additional amount that, on an after-tax basis, is equal to the cost
of comparable coverage obtained by Executive.

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(e)       Change in Control.  This Section 10(e) shall apply if there is (i) a
termination of Executive’s employment by the Employer other than for Cause or
Disability pursuant to Section 9(a) or by Executive for Good Reason during the
two-year period after a Change in Control or (ii) a termination of Executive’s
employment by the Employer prior to a Change in Control, if the termination was
at the request of a third party or otherwise arose in anticipation of a Change
in Control.  If any such termination occurs, Executive shall receive benefits
set forth in Section 10(d), except that (i) in lieu of the lump-sum payment
under Section 10(d)(i)(D), Executive shall receive in a lump sum after the
termination of his employment an amount equal to 1.5 multiplied by the sum of
(A) Executive’s Base Salary and (B) Executive’s Target Bonus, and (ii) the
benefits described in Section 10(d)(iii) shall be continued for the greater of
24 months or the balance of the Employment Period.  Notwithstanding anything to
the contrary herein, this Section 10(e) shall not apply upon Executive’s death.

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(f)       Liquidated Damages. The parties acknowledge and agree that damages
which will result to Executive for termination by the Employer of Executive's
employment without Cause or by Executive for Good Cause shall be extremely
difficult or impossible to establish or prove, and agree that the amounts
payable to Executive under Section 10 shall constitute liquidated damages for
any such termination. Executive agrees that, except for such other payments and
benefits to which Executive may be entitled as expressly provided by the terms
of this Agreement or any other applicable benefit plan, such liquidated damages
shall be in lieu of all other claims that Executive may make by reason of any
such termination of his employment and that, as a condition to receiving the
Severance Payments, Executive will execute a release of claims substantially in
the form attached hereto as Exhibit A. Within five business days of the Date of
Termination, the Employer shall deliver to Executive the appropriate form of
release of claims for Executive to execute. The Severance Payments shall be made
within three business days of the expiration of the revocation period without
the release being revoked and otherwise as they become due.

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(g)       No Offset.  In the event of termination of his employment, Executive
shall be under no obligation to seek other employment and there shall be no
offset against amounts due to him on account of any remuneration or benefits
provided by any subsequent employment he may obtain.  The Employer’s obligation
to make any payment pursuant to, and otherwise to perform its obligations under,
this Agreement shall not be affected by any offset, counterclaim or other right
that the Employer or its affiliates may have against him for any reason.

(h)       Section 409A. 

(i)       Notwithstanding the timing of the payments pursuant to Section 10 of
this Agreement, to the extent Executive would otherwise be entitled to a payment
during the six

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months beginning on the Date of Termination that would be subject to the
additional tax imposed under Section 409A of the Internal Revenue Code of 1986,
as amended (the “Code”), (i) the payment will not be made to Executive and
instead will be made to an account established to fund such payments (provided
that such funds shall be at all times subject to the creditors of the Employer)
and (ii) the payment, together with interest thereon at the rate of “prime” plus
1%, will be paid to Executive on the six-month anniversary of Date of
Termination. Similarly, to the extent Executive would otherwise be entitled to
any benefit (other than a cash payment) during the six months beginning on the
Date of Termination that would be subject to the additional tax under Section
409A of the Code, the benefit will be delayed and will begin being provided
(together, if applicable, with an adjustment to compensate Executive for the
delay, with such adjustment to be determined in the Employer’s reasonable good
faith discretion) on the six-month anniversary of the Date of Termination.  The
Employer will establish the account, as applicable, no later than ten days after
Executive’s Date of Termination. 

(ii)       It is the intention of the parties that the payments and benefits to
which Executive could become entitled in connection with termination of
employment under this Agreement comply with Section 409A of the Code.  In the
event that the parties determine that any such benefit or right does not so
comply, they will negotiate reasonably and in good faith to amend the terms of
this Agreement such that it complies (in a manner that attempts to minimize the
economic impact of such amendment on Executive and the Employer and its
affiliates).

(iii)       A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any
amounts or benefits upon or following a termination of employment unless such
termination is also a “separation from service” within the meaning of Code
Section 409A and, for purposes of any such provision of this Agreement,
references to a “termination,” “termination of employment” or like terms shall
mean “separation from service.”

(iv)       For purposes of compliance with Code Section 409A, (i) all expenses
or other reimbursements under this Agreement shall be made on or prior to the
last day of the taxable year following the taxable year in which such expenses
were incurred by the Executive, (ii) any right to reimbursement or in kind
benefits is not subject to liquidation or exchange for another benefit, and
(iii) no such reimbursement, expenses eligible for reimbursement, or in-kind
benefits provided in any taxable year shall in any way affect the expenses
eligible for reimbursement, or in-kind benefits to be provided, in any other
taxable year.

(v)       For purposes of Code Section 409A, the Executive’s right to receive
any installment payment pursuant to this Agreement shall be treated as a right
to receive a series of separate and distinct payments.

(vi)       Whenever a payment under this Agreement specifies a payment period
with reference to a number of days (e.g., “payment shall be made within thirty
(30) days following the date of termination”), the actual date of payment within
the specified period shall be within the sole discretion of the Employer.

﻿

10

 

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Section 11.       Indemnification. During the Employment Period and thereafter,
the Employer agrees to indemnify and hold Executive and Executive's heirs and
representatives harmless, to the maximum extent permitted by law, against any
and all damages, costs, liabilities, losses and expenses (including reasonable
attorneys' fees) as a result of any claim or proceeding (whether civil,
criminal, administrative or investigative), or any threatened claim or
proceeding (whether civil, criminal, administrative or investigative), against
Executive that arises out of or relates to Executive's service as an officer,
director or employee, as the case may be, of the Employer, or Executive's
service in any such capacity or similar capacity with an affiliate of the
Employer or other entity at the request of the Employer, both prior to and after
the Effective Date, and to promptly advance to Executive or Executive's heirs or
representatives such expenses upon written request with appropriate
documentation of such expense upon receipt of an undertaking by Executive or on
Executive's behalf to repay such amount if it shall ultimately be determined
that Executive is not entitled to be indemnified by the Employer. During the
Employment Period and thereafter, the Employer also shall provide Executive with
coverage under its current directors' and officers' liability policy to the same
extent that it provides such coverage to its other executive officers. If
Executive has any knowledge of any actual or threatened action, suit or
proceeding, whether civil, criminal, administrative or investigative, as to
which Executive may request indemnity under this provision, Executive will give
the Employer prompt written notice thereof; provided that the failure to give
such notice shall not affect Executive's right to indemnification. The Employer
shall be entitled to assume the defense of any such proceeding and Executive
will use reasonable efforts to cooperate with such defense. To the extent that
Executive in good faith determines that there is an actual or potential conflict
of interest between the Employer and Executive in connection with the defense of
a proceeding, Executive shall so notify the Employer and shall be entitled to
separate representation at the Employer's expense by counsel selected by
Executive (provided that the Employer may reasonably object to the selection of
counsel within ten (10) business days after notification thereof) which counsel
shall cooperate, and coordinate the defense, with the Employer's counsel and
minimize the expense of such separate representation to the extent consistent
with Executive's separate defense. This Section 12 shall continue in effect
after the termination of Executive's employment or the termination of this
Agreement.

﻿

Section 12.       Notices. All notices, demands, requests, or other
communications which may be or are required to be given or made by any party to
any other party pursuant to this Agreement shall be in writing and shall be hand
delivered, mailed by first-class registered or certified mail, return receipt
requested, postage prepaid, delivered by overnight air courier, or transmitted
by facsimile transmission addressed as follows:

﻿

   

(i)

If to the Employer:

﻿

Tutor Perini Corporation

15901 Olden Street

Sylmar, California 91342

Attention: Corporate Secretary

Facsimile:

﻿

   

(ii)

If to Executive:

﻿

11

 

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James A. ("Jack") Frost

Address last shown on the Employer's Records

﻿

Each party may designate by notice in writing a new address to which any
notice, demand, request or communication may thereafter be so given, served or
sent. Each notice, demand, request, or communication that shall be given or made
in the manner described above shall be deemed sufficiently given or made for all
purposes at such time as it is delivered to the addressee (with the return
receipt, the delivery receipt, confirmation of facsimile transmission or the
affidavit of messenger being deemed conclusive but not exclusive evidence of
such delivery) or at such time as delivery is refused by the addressee upon
presentation.

﻿

Section 13.       Severability. The invalidity or unenforceability of any one or
more provisions of this Agreement shall not affect the validity or
enforceability of the other provisions of this Agreement, which shall remain in
full force and effect.

﻿

Section 14.       Effect on Other Agreements. The provisions of this Agreement
shall supersede the terms of any plan, policy, agreement, award or other
arrangement of the Employer (whether entered into before or after the Effective
Date) to the extent application of the terms of this Agreement are more
favorable to Executive.

﻿

Section 15.       Survival. It is the express intention and agreement of the
parties hereto that the provisions of Section 8, Section 10, Section 11, Section
12, Section 14, Section 16, Section 17, Section 18, Section 20 and Section 24
hereof and this Section 15 shall survive the termination of employment of
Executive. In addition, all obligations of the Employer to make payments
hereunder shall survive any termination of this Agreement on the terms and
conditions set forth herein.

﻿

Section 16.       Assignment. The rights and obligations of the parties to this
Agreement shall not be assignable or delegable, except that (i) in the event of
Executive's death, the personal representative or legatees or distributees of
Executive's estate, as the case may be, shall have the right to receive any
amount owing and unpaid to Executive hereunder and (ii) the rights and
obligations of the Employer hereunder shall be assignable and delegable in
connection with any subsequent merger, consolidation, sale of all or
substantially all of the assets or equity interests of the Employer or similar
transaction involving the Employer or a successor corporation.

﻿

Section 17.       Binding Effect. Subject to any provisions hereof restricting
assignment, this Agreement shall be binding upon the parties hereto and shall
inure to the benefit of the parties and their respective heirs, devisees,
executors, administrators, legal representatives, successors and assigns.

﻿

Section 18.       Amendment; Waiver. This Agreement shall not be amended,
altered or modified except by an instrument in writing duly executed by the
party against whom enforcement is sought. Neither the waiver by either of the
parties hereto of a breach of or a default under any of the provisions of this
Agreement, nor the failure of either of the parties, on one or more occasions,
to enforce any of the provisions of this Agreement or to exercise any right or
privilege

12

 

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hereunder, shall thereafter be construed as a waiver of any subsequent breach or
default of a similar nature, or as a waiver of any such provisions, rights or
privileges hereunder.

﻿

Section 19.       Headings. Section and subsection headings contained in this
Agreement are inserted for convenience of reference only, shall not be deemed to
be a part of this Agreement for any purpose, and shall not in any way define or
affect the meaning, construction or scope of any of the provisions hereof.

﻿

Section 20.       Governing Law; Venue. This Agreement, the rights and
obligations of the parties hereto, and any claims or disputes relating thereto,
shall be governed by and construed in accordance with the laws of the State of
California (but not including any choice of law rule thereof that would cause
the laws of another jurisdiction to apply). Except as otherwise provided in
Section 8, each of the parties agrees that any dispute between the parties shall
be resolved only in the courts of the State of California sitting in Los
Angeles, California or the United States District Court for the Central District
of California and the appellate courts having jurisdiction of appeals in such
courts. In that context, and without limiting the generality of the foregoing
(but subject to Section 8), each of the parties hereto irrevocably and
unconditionally (a) submits for himself or itself in any proceeding relating to
this Agreement or Executive's employment by the Employer or any of its
Affiliates, or for the recognition and enforcement of any judgment in respect
thereof (a "Proceeding"), to the exclusive jurisdiction of the courts of the
State of California sitting in Los Angeles, California, the court of the United
States District Court for the Central District of California and appellate
courts having jurisdiction of appeals from any of the foregoing, and agrees that
all claims in respect of any such Proceeding shall be heard and determined in
such California State court or, to the extent peg witted by law, in such federal
court; (b) consents that any such Proceeding may and shall be brought in such
courts and waives any objection that he or it may now or thereafter have to the
venue or jurisdiction of any such Proceeding in any such court or that such
Proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; (c) waives all right to trial by jury in any Proceeding (whether based
on contract, tort or otherwise) arising out of or relating to this Agreement or
Executive's employment by the Employer or any of its Affiliates, or his or its
performance under or the enforcement of this Agreement; (d) agrees that service
of process in any such Proceeding may be effected by mailing a copy of such
process by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to such party at his or its address as provided in
Section 14; and (e) agrees that nothing in this Agreement shall affect the right
to effect service of process in any other manner permitted by the laws of the
State of California.

﻿

Section 21.       Representations. Executive represents, warrants and covenants
to the Employer that:

﻿

(i)        On or prior to the date hereof, Executive has informed the Employer
of any judgment, order, agreement or arrangement of which he is currently aware
and which may affect his right to enter into this Agreement and to fully perform
his duties hereunder;

﻿

(ii)        Executive is knowledgeable and sophisticated as to business matters,
and that prior to assenting to the terms of this Agreement. or giving the
representations and

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warranties herein, he has been given a reasonable time to review it and has
consulted with counsel of his choice;

(iii)       In entering into this Agreement, Executive is not knowingly
breaching or violating any provision of any law or regulation; and

(iv)        Executive has not knowingly provided to the Employer, nor been
requested by the Employer to provide, any confidential or non-public document or
information of a former employer that constitutes or contains any protected
trade secret, and will not knowingly use any protected trade secrets of any
former employer in the course of his employment hereunder.

﻿

Section 22.       Entire Agreement. This Agreement constitutes the entire
agreement between the parties respecting the employment of Executive, there
being no representations, warranties or commitments except as set forth herein.

﻿

Section 23.       Counterparts. This Agreement may be executed in two
counterparts, each of which shall be an original and all of which shall be
deemed to constitute one and the same instrument.

﻿

Section 24.       Withholding. The Employer may withhold from any benefit
payment under this Agreement all federal, state, city or other taxes as shall be
required pursuant to any law or governmental regulation or ruling; provided that
any withholding obligation arising in connection with the exercise of a stock
option or the transfer of stock or other property shall be satisfied through
withholding an appropriate number of shares of stock or appropriate amount of
such other property.

﻿

Section 25.       Attorneys' Fees. In any proceeding brought in connection with
or arising under or out of this Agreement or the employment relationship between
Employer and Executive, including but not limited to the enforcement of this
Agreement, both parties shall be responsible for their Attorney fees.

﻿

Section 26.       Definitions.

﻿

"Accrued Benefits" means (i) any compensation deferred by Executive prior to the
Date of Termination and not paid by the Employer or otherwise specifically
addressed by this Agreement; (ii) any amounts or benefits owing to Executive or
to Executive's beneficiaries under the then applicable benefit plans of the
Employer; (iii) any amounts owing to Executive for reimbursement of expenses
properly incurred by Executive prior to the Date of Termination and which are
reimbursable in accordance with Section 7; and (iv) any other benefits or
amounts due and owing to Executive under the terms of any plan, program or
arrangement of the Employer.

﻿

"Affiliate" means any entity controlled by, in control of, or under common
control with, the Employer, any Subsidiary, and any Joint Venture Partner of
Employer.

﻿

"Cause" shall be limited to the following events

﻿

(i)       Executive's conviction of, or plea of nolo contendere to, a felony
(other than in connection with a traffic violation) under any state or federal
law;

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﻿

(ii)       Executive's willful and continued failure to substantially perform
his essential job functions hereunder after receipt of written notice from the
Employer that specifically identifies the manner in which Executive has
substantially failed to perform his essential job functions and specifying the
manner in which Executive may substantially perform his essential job functions
in the future;

﻿

(iii)       A material act of fraud or willful and material misconduct with
respect, in each case, to the Employer, by Executive;

﻿

(iv)       A willful and material breach of this Agreement;

﻿

(v)       A material breach by Executive of any material written policy of the
Employer; or

(vi)       A  failure by Executive to cooperate in any investigation or audit
regarding the accounting practices, financial statements, or business practices
of the Employer or any of its Affiliates. For purposes of this provision, no act
or failure to act, on the part of Executive, shall be considered "willful"
unless it is one, or omitted to be done, by Executive in bad faith or without
reasonable belief that Executive's action or omission was in the best interests
of the Employer. Anything herein to the contrary notwithstanding, Executive
shall not be terminated for "Cause" hereunder unless

(A)       written notice stating the basis for the termination is provided to
Executive,

(B)       as to the clauses (ii), (iii), (iv), (v) or (vi) of this paragraph, he
is given ten (10) days to cure the neglect or conduct that is the basis of such
claim (it being understood that any errors in expense reimbursement may be cured
by repayment),

﻿

(C)       if he fails to cure such neglect or conduct, Executive has an
opportunity to be heard before the full Board prior to any vote regarding the
existence of Cause, and

(D)        there is a vote of a majority of the members of the Board to
terminate him for Cause.

﻿

“Change in Control” means the occurrence of one or more of the following events:

(i)       any “person” (as such terms is used in Sections 3(a)(9) and 13(d) of
the Securities Exchange Act of 1934 as amended (the “Act”)) or “group” (as such
term is used in Section 14(d)(d) of the Act) (other than Executive or a group
consisting of Executive) becomes a “beneficial owner” (as such term is used in
Rule 13d-3 promulgated under the Act) of more than 30% of the Voting Stock of
the Employer;

(ii)        the majority of the Board consists of individuals other than
Incumbent Directors, which term means the members of the Board on the Effective
Date; provided that any person becoming a director subsequent to such date whose
election or nomination for election was supported by two-thirds of the directors
who then comprised the Incumbent Directors shall be considered to be an
Incumbent Director;

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(iii)       the Employer adopts any plan of liquidation providing for the
distribution of all or substantially all of its assets;

(iv)       the Employer transfers all or substantially all of its assets or
business (unless the shareholders of the Employer immediately prior to such
transaction beneficially own, directly or indirectly, in substantially the same
proportion as they owned the Voting Stock of the Employer, all of the Voting
Stock or other ownership interests of the entity or entities, if any, that
succeed to the business of the Employer); or

(v)       any merger, reorganization, consolidation or similar transaction
unless, immediately after consummation of such transaction, the shareholders of
the Employer immediately prior to the transaction hold, directly or indirectly,
more than 50% of the Voting Stock of the Employer or the Employer’s ultimate
parent company if the Employer is a subsidiary of another corporation (there
being excluded from the number of shares held by such shareholders, but not from
the Voting Stock of the combined company, any shares received by Affiliates of
such other company in exchange for stock of such other company).  For purposes
of this Change in Control definition, the “Employer” shall include any entity
that succeeds to all or substantially all of the business of the Employer and
“Voting Stock” shall mean securities of any class or classes having general
voting power under ordinary circumstances, in the absence of contingencies, to
elect the directors of a corporation.

﻿

"Confidential Information" means information constituting trade secrets or
proprietary information belonging to or regarding the Employer or any of its
Affiliates or other confidential financial information, operating budgets,
strategic plans or research or estimating methods, personnel data, customer and
client contacts, projects or plans, or non-public information regarding the
Employer or any of its Affiliates. Without limiting the foregoing, "Confidential
Information" shall include, but shall not be limited to, any of the following
information relating to the Employer:

﻿

(i)       information regarding the Employer's business proposals,

﻿

(ii)       manner of the Employer's operations, and methods of selling or
pricing any products or services;

﻿

(iii)       the identity of persons or entities actually conducting or
considering conducting business with the Employer, and any information in any
form relating to such persons or entities and their relationship or dealings
with the Employer;

﻿

(iv)       any trade secret or confidential information of or concerning any
business operation or business relationship;

﻿

(v)       computer databases, software programs and information relating to the
nature of the hardware or software and how said hardware or software are used in
combination or alone;

﻿

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(vi)       information concerning personnel, confidential financial information,
customer or customer prospect information, information concerning subscribers,
subscriber and customer lists and data, methods and formulas for estimating
costs and setting prices, engineering design standards, testing procedures,
research results (such as marketing surveys, programming trials or product
trials), cost data (such as billing, equipment and programming cost projection
models), compensation information and models, business or marketing plans or
strategies, deal or business terms, budgets, vendor names, programming
operations, product names, information on proposed acquisitions or dispositions,
actual performance compared to budgeted performance, long-range plans, internal
financial information (including but not limited to financial and operating
results for certain offices, divisions, departments, and key market areas that
are not disclosed to the public in such form), results of internal analyses,
computer programs and programming information, techniques and designs, and trade
secrets;

﻿

(vii)       information concerning the Employer's employees, officers, directors
and shareholders; and

﻿

(viii)       any other trade secret or information of a confidential or
proprietary nature. For purposes hereof, "Employer" shall include the Employer
and any and all of its Affiliates.

﻿

"Date of Termination" means

﻿

(i)       if Executive's employment is terminated by Executive's death, the date
of Executive's death;

(ii)       if Executive's employment is terminated because of Executives
Disability pursuant to Section 9(a)(ii)(A), 30 days after Notice of Termination,
provided that Executive shall not have returned to the performance of
Executive's duties on a full-time basis during such 30-day period;

﻿

(iii)       if Executive’s employment is terminated by the Employer pursuant to
Section 9(a)(ii)(B) or by Executive pursuant to Section 9(a)(ii)(B), the date
specified in the Notice of Termination; or

﻿

(iv)       if Executive's employment is terminated during the Employment Period
other than pursuant to Section 9(a), the date on which Notice of Termination is
given.

﻿

"Extended Term" shall have the meaning set forth in Section 3.

﻿

"Good Reason"  means, unless otherwise agreed to in writing by Executive,

(i)       any adverse change in Executive’s titles;

(ii)       any reduction in Executive’s Base Salary;

(iii)       a material diminution in Executive’s authority, responsibilities or
duties;

(iv)       the assignment of duties materially inconsistent with Executive’s
position or status with the Employer as of the date hereof;

17

 

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(v)       a relocation of Executive’s primary place of employment to a location
more than 50 miles further from the offices of the Employer as of the Effective
Time near Los Angeles, California;

(vi)       any other material breach of the terms of this Agreement or

(vii)       the failure of the Employer to obtain the assumption in writing of
its obligations under this Agreement by any successor to all or substantially
all of the assets of the Employer within 15 days after a merger, consolidation,
sale or similar transaction.  In order to invoke a termination for Good Reason,
Executive must notify the Employer of the existence of an event of Good Reason
within 90 days of the occurrence of such event, the Employer must fail to cure
such event within 30 days of such notice and Executive must terminate his
employment within 10 days of the expiration of such period.

"Non-Compete Period" means the period commencing on the Effective Date and
ending 500 days after the expiration of the Employment Period; provided that
except for purposes of Section 8(e), in the event Executive’s employment is
terminated by Employer without Cause or terminated by the Executive for Good
Reason the Non-Competition Period shall end on the Date of Termination.

"Pro Rata Bonus" means an amount equal to the product of

﻿

(i)       the Annual Bonus that would have been earned by Executive for the
calendar year that includes the Date of Termination if his employment had not
terminated and

﻿

(ii)       a fraction the numerator of which is the number of days that have
elapsed as of the Date of Termination during the calendar year that includes the
Date of Termination and the denominator of which is 365.

﻿

﻿

IN WITNESS WHEREOF, the undersigned have duly executed and delivered this
Agreement, or have caused this Agreement to be duly executed and delivered on
their behalf.

﻿

﻿

﻿

 

 

   

TUTOR PERINI CORPORATION

   

   

   

   

   

   

   

By:

  /s/ Ronald N. Tutor

   

Name: Ronald N. Tutor

   

Title:  Chairman and Chief Executive officer

   

   

   

   

   

   

   

EXECUTIVE

 

 

 

 

   

By:

  /s/ Jack Frost

   

Name: James A. ("Jack") Frost

18

 

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EXHIBIT A

﻿

Form of Release

﻿

THIS RELEASE (this “Release”) is made as of this 1st day of November 2016, by
and between Tutor Perini Corporation, a Massachusetts corporation (herein
referred to as “Company”), and James (“Jack”) A. Frost, an individual
(“Executive”).

 

PRELIMINARY RECITALS

﻿

A. Executive’s employment with the Company has terminated.

﻿

B. Executive and the Company are parties to an Amended and Restated Employment
Agreement, dated as of the 30th day of December,  2015 (the “Agreement”).

AGREEMENT

 

In consideration of the payments due Executive under the Agreement, and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

﻿

1. Executive, intending to be legally bound, does hereby, on behalf of himself
and his agents, representatives, attorneys, assigns, heirs, executors and
administrators (collectively, the “Executive Parties”) REMISE, RELEASE AND
FOREVER DISCHARGE the Company, its affiliates, subsidiaries, parents, joint
ventures, and its and their officers, directors, shareholders, members, and
managers, and its and their respective successors and assigns, heirs, executors,
and administrators (collectively, the “Company Parties”) from all causes of
action, suits, debts, claims and demands whatsoever in law or in equity, which
Executive or any of the Executive Parties ever had, now has, or hereafter may
have, by reason of any matter, cause or thing whatsoever, from the beginning of
Executive’s initial dealings with the Company to the date of this Release, and
particularly, but without limitation of the foregoing general terms, any claims
arising from or relating in any way to Executive’s employment relationship with
Company, the terms and conditions of that employment relationship, and the
termination of that employment relationship, including, but not limited to, any
claims arising under the Age Discrimination in Employment Act, as amended, 29
U.S.C. § 621 et seq. (“ADEA”), Title VII of The Civil Rights Act of 1964, as
amended, 42 U.S.C. § 2000e et seq., the Civil Rights Act of 1966, 42 U.S.C.
§1981, the Civil Rights Act of 1991, Pub. L. No. 102-166, the Americans with
Disabilities Act, 42 U.S.C. §12101 et seq., the Age Discrimination in Employment
Act, as amended, 29 U.S.C. §621 et seq., the Fair Labor Standards Act, 29 U.S.C.
§201 et seq., the National Labor Relations Act, 29 U.S.C. §151 et seq., and any
other claims under any federal, state or local common law, statutory, or
regulatory provision, now or hereafter recognized, but not including such claims
to payments and other rights provided Executive under the Agreement. This
Release is effective without regard to the legal nature of the claims raised and
without regard to whether any such claims are based upon tort, equity, implied
or express contract or discrimination of any sort. Except as specifically
provided herein, it is expressly understood and agreed that this Release shall
operate as a clear and unequivocal waiver by Executive of any claim for accrued
or unpaid wages, benefits or any other type of payment.

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﻿

2. Executive expressly waives all rights afforded by any statute which limits
the effect of a release with respect to unknown claims. Executive understands
the significance of his release of unknown claims and his waiver of statutory
protection against a release of unknown claims.

﻿

3. Executive agrees that he will not be entitled to or accept any benefit from
any claim or proceeding within the scope of this Release that is filed or
instigated by him or on his behalf with any agency, court or other government
entity.

﻿

4. The parties agree and acknowledge that the Agreement, and the settlement and
termination of any asserted or unasserted claims against the Company and the
Company Parties pursuant to this Release, are not and shall not be construed to
be an admission of any violation of any federal, state or local statute or
regulation, or of any duty owed by the Company or any of the Company Parties to
Executive.

﻿

5. Executive certifies and acknowledges as follows:

(a) That he has read the terms of this Release, and that he understands its
terms and effects, including the fact that he has agreed to RELEASE AND FOREVER
DISCHARGE the Company and all Company Parties from any legal action or other
liability of any type related in any way to the matters released pursuant to
this Release other than as provided in the Agreement and in this Release.

﻿

(b) That he understands the significance of his release of unknown claims and
his waiver of statutory protection against a release of unknown claims.
Accordingly, Executive expressly waives any and all rights and benefits under
Section 1542 of the California Civil Code, which states:

﻿

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

﻿

(c) That he is waiving all rights to sue or obtain equitable, remedial or
punitive relief from any or all Company Parties of any kind whatsoever,
including, without limitation, reinstatement, back pay, front pay, attorneys’
fees and any form of injunctive relief. Notwithstanding the above, he further
acknowledges that he is not waiving and is not being required to waive

﻿

(i)       any right that cannot be waived under law, including the right to file
an administrative charge or to participate in an administrative investigation or
proceeding; provided, however, that he disclaims and waives any right to share
or participate in any monetary award resulting from the prosecution of such
charge or investigation or proceeding,

﻿

(ii)       any claim for indemnity pursuant to the Company’s by-laws, articles
of incorporation or Section 11 of the Agreement or

﻿

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(iii)       any claim for Accrued Benefits (as defined in the Agreement, [or

﻿

(iv)       claim for benefits pursuant to Sections 10(c) or 10(d)].

 

(d) That he has signed this Release voluntarily and knowingly in exchange for
the consideration described herein, which he acknowledges is adequate and
satisfactory to him and which he acknowledges is in addition to any other
benefits to which he is otherwise entitled.

﻿

(e) That he has been and is hereby advised in writing to consult with an
attorney prior to signing this Release.

﻿

(f) That he does not waive rights or claims that may arise after the date this
Release is executed or those claims arising under the Agreement with respect to
payments and other rights due Executive on the date of, or during the period
following, the termination of his Employment.

﻿

(g) That the Company has provided him with adequate opportunity, including a
period of twenty-one (21) days from the initial receipt of this Release and all
other time periods required by applicable law, within which to consider this
Release (it being understood by Executive that Executive may execute this
Release less than 21 days from its receipt from the Company, but agrees that
such execution will represent his knowing waiver of such 21-day consideration
period), and he has been advised by the Company to consult with counsel in
respect thereof.

﻿

(h) That he has seven (7) calendar days after signing this Release within which
to rescind, in a writing delivered to the Company, the portion of this Release
related to claims arising under ADEA or any other claim arising under any other
federal, state or local law that requires extension of this revocation right as
a condition to the valid release and waiver of such claim.

﻿

(i) That at no time prior to or contemporaneous with his execution of this
Release has he filed or caused or knowingly permitted the filing or maintenance,
in any state, federal or foreign court, or before any local, state, federal or
foreign administrative agency or other tribunal, any charge, claim or action of
any kind, nature and character whatsoever (“Claim”), known or unknown, suspected
or unsuspected, which he may now have or has ever had against the Company
Parties which is based in whole or in part on any matter referred to in
Section 1 above; and, subject to the Company’s performance under this Release,
to the maximum extent permitted by law, Executive is prohibited from filing or
maintaining, or causing or knowingly permitting the filing or maintaining, of
any such Claim in any such forum. Executive hereby grants the Company his
perpetual and irrevocable power of attorney with full right, power and authority
to take all actions necessary to dismiss or discharge any such Claim. Executive
further covenants and agrees that he will not encourage any person or entity,
including but not limited to any current or former employee, officer, director
or stockholder of the Company, to institute any Claim against the Company
Parties or any of them, and that except as expressly permitted by law or
administrative policy or as required by legally enforceable order he will not
aid or assist any such person or entity in prosecuting such Claim.

﻿

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6. Miscellaneous

﻿

(a) This Release and the Agreement, and any other documents expressly referenced
therein, constitute the complete and entire agreement and understanding of
Executive and the Company with respect to the subject matter hereof, and
supersedes in its entirety any and all prior understandings, commitments,
obligations and/or agreements, whether written or oral, with respect thereto; it
being understood and agreed that this Release and including the mutual
covenants, agreements, acknowledgments and affirmations contained herein, is
intended to constitute a complete settlement and resolution of all matters set
forth in Section 1 hereof.

﻿

(b) The Company Parties are intended third-party beneficiaries of this Release,
and this Release may be enforced by each of them in accordance with the terms
hereof in respect of the rights granted to such Company Parties hereunder.
Except and to the extent set forth in the preceding two sentences, this Release
is not intended for the benefit of any Person other than the parties hereto, and
no such other person or entity shall be deemed to be a third party beneficiary
hereof. Without limiting the generality of the foregoing, it is not the
intention of the Company to establish any policy, procedure, course of dealing
or plan of general application for the benefit of or otherwise in respect of any
other employee, officer, director or stockholder, irrespective of any similarity
between any contract, agreement, commitment or understanding between the Company
and such other employee, officer, director or stockholder, on the one hand, and
any contract, agreement, commitment or understanding between the Company and
Executive, on the other hand, and irrespective of any similarity in facts or
circumstances involving such other employee, officer, director or stockholder,
on the one hand, and Executive, on the other hand.

﻿

(c) The invalidity or unenforceability of any provision of this Release shall
not affect the validity or enforceability of any other provision of this
Release, which shall otherwise remain in full force and effect.

﻿

(d) This Release may be executed in separate counterparts, each of which shall
be deemed to be an original and all of which taken together shall constitute one
and the same agreement.

﻿

(e) The obligations of each of the Company and Executive hereunder shall be
binding upon their respective successors and assigns. The rights of each of the
Company and Executive and the rights of the Company Parties shall inure to the
benefit of, and be enforceable by, any of the Company’s, Executive’s and the
Company Parties’ respective successors and assigns. The Company may assign all
rights and obligations of this Release to any successor in interest to the
assets of the Company.

﻿

(f) No amendment to or waiver of this Release or any of its terms shall be
binding upon any party hereto unless consented to in writing by such party.

﻿

(g) ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT
AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO

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ANY CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF
DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAW
OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE.

﻿

*    *    *    *     *

﻿

Intending to be legally bound hereby, Executive and the Company have executed
this Release as of the date first written above.

 

﻿

 

 

   

JAMES (“JACK”) A. FROST

   

   

   

   

By:

 

   

   

James (“Jack”) A. Frost

   

   

   

   

TUTOR PERINI CORPORATION

   

   

   

   

By:

 

   

Name:

Ronald N. Tutor

   

Title:

Chairman and Chief

   

   

Executive Officer

﻿

   

   

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READ CAREFULLY BEFORE SIGNING

﻿

I have read this Release and have been given adequate opportunity, including 21
days from my initial receipt of this Release, to review this Release and to
consult legal counsel prior to my signing of this Release. I understand that by
executing this Release I will relinquish certain rights or demands I may have
against the Company Parties or any of them.

﻿

﻿

 

   

   

   

[Name]

﻿

 

Witness:

 

﻿

 

 

 

 

 

﻿

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