Exhibit 10.9 [form10-q.htm]
 
SECOND AMENDMENT TO THE
 
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
BETWEEN SUSAN B. KILGANNON AND URS CORPORATION
 
WHEREAS, Susan B. Kilgannon (the “Employee”) and URS Corporation, a Delaware
corporation (the “Company”), entered into an Amended and Restated Employment
Agreement effective as of September 18, 2009 (the “Employment Agreement”); and

WHEREAS, the Employee and the Company wish to amend the Employment Agreement to
modify certain provisions.

NOW THEREFORE, the Employment Agreement is amended effective as of June 30,
2014, as follows:
 
A.            Section 6(a) of the Employment Agreement hereby is amended in its
entirety to read as follows:

(a) Definition. For all purposes under this Agreement, “Change in Control” shall
mean the occurrence of any one or more of the following after May 28, 2014:
 
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), through the
acquisition or aggregation of securities, becomes the beneficial owner, directly
or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the then outstanding securities ordinarily
(and apart from rights accruing under special circumstances) having the right to
vote at elections of directors of the Company;
 
(ii) any transaction, or series of transactions that occur within a twelve (12)
month period, as a result of which the stockholders of the Company immediately
prior to the completion of the transaction (or, in the case of a series of
transactions, immediately prior to the first transaction in the series) hold,
directly or indirectly, less than fifty percent (50%) of the beneficial
ownership (within the meaning of Rule 13d-3 of the Exchange Act or comparable
successor rules) of the outstanding securities of the surviving entity, or, if
more than one entity survives the transaction or transactions, the controlling
entity, following such transaction or transactions; or
 
(iii) individuals who, as of May 28, 2014, were members of the Board of
Directors of the Company (the “Incumbent Board”) cease for any reason to
constitute at least two-thirds (2/3) of the members of the Board of Directors of
the Company; provided, however, that if the appointment or election (or
nomination for election) of any new Board member was approved or recommended by
a majority vote of the members of the Incumbent Board then still in office, such
new member will, for purposes of this Agreement, be considered as a member of
the Incumbent Board.
 
 
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B.            Section 6(c) of the Employment Agreement hereby is amended in its
entirety to read as follows:

(c) Change in Control Payment and Severance Benefits.  If, during the term of
the Employee’s employment under this Agreement and within one year after the
occurrence of a Change in Control, either (i) the Employee voluntarily resigns
her employment for Good Reason or (ii) the Company terminates the Employee’s
employment for any reason other than Cause or Disability and (iii) such
termination of employment is a “separation from service” (as such term is
defined in Treasury Regulation Section 1.409A-1(h), without regard to any
alternative definition thereunder, a “Separation from Service”), then the
Employee shall be entitled to receive a severance payment from the Company (the
“Change in Control Payment”) and in addition shall be entitled to Severance
Benefits in accordance with Section 7(a)(ii).  No Change in Control Payment
shall be made in case of termination of employment of the Employee by reason of
resignation of the Employee other than for Good Reason, death of the Employee,
or any other circumstance not specifically and expressly described in the
immediately preceding sentence.  The Change in Control Payment shall be in an
amount determined under Section 6(d) below.  The Change in Control Payment shall
be made in a lump sum within ninety (90) days following the Employee’s
Separation from Service; provided, however, that (i) if such ninety (90)-day
period begins in one taxable year and ends in a second taxable year, such
payment shall be made in the second taxable year, (ii) if the Employee is a
“specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the
Internal Revenue Code of 1986, as amended (the “Code”) at the time of such
Separation from Service, the Change in Control Payment shall be made in a lump
sum on the date that is six (6) months and one (1) day following the date of
such Separation from Service and (iii) in all cases, such payment shall be
conditioned upon the Employee’s release becoming effective in accordance with
its terms as described in Section 8.  The immediately preceding sentence and the
requirement in clause (iii) of the first sentence of this Section 6(c) also
shall be applicable to any payment, benefit or award provided pursuant to this
Agreement, other than any payment, benefit or award provided under Section 7
(the terms of which shall be governed by the applicable provisions of Section
7), that is subject to Section 409A of the Code or any state law of similar
effect and becomes vested or otherwise payable in connection with Employee’s
termination of employment, notwithstanding anything to the contrary under the
terms of any such payment, benefit or award.  The Change in Control Payment
shall be (i) reduced by an amount equal to the Annual Target Bonus to the extent
an annual bonus is due to the Employee under the Company’s applicable annual
bonus plan at the time of the employment termination but has not yet been paid,
(ii) in lieu of any further accrual of benefits under Section 4 with respect to
periods subsequent to the date of the employment termination and (iii) in lieu
of any entitlement to a Severance Payment (as defined in Section 7(a)(i) below).
 
 
 
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C.            Section 6(e) of the Employment Agreement hereby is amended in its
entirety to read as follows:
 
(e)Incentive Programs. If, during the term of the Employee’s employment under
this Agreement, either (i) a Change in Control occurs on or before January 2,
2015 or (ii) a Change in Control occurs after January 2, 2015 and in the case of
clause (ii), within one year after the occurrence of such Change in Control,
either (X) the Employee voluntarily resigns her employment for Good Reason or
(Y) the Company terminates the Employee’s employment for any reason other than
Cause or Disability, then as of the date of such Change in Control (in the case
of clause (i)) or the date of such termination (in the case of clause (ii)), the
Employee shall become fully vested in all awards heretofore or hereafter granted
to her under all incentive compensation, deferred compensation, bonus, stock
option, stock appreciation rights, restricted stock, phantom stock or similar
plans maintained by URS, except if and to the extent specifically provided to
the contrary under the terms of any such plan or any specific grant or award
made to the Employee under any such plan.
 
Except as amended as provided above, the Employment Agreement shall remain in
full force and effect.

IN WITNESS WHEREOF, each of the parties has executed this Second Amendment to
the Employment Agreement, as of the day and year first above written.

Susan B. Kilgannon

/s/ Susan B. Kilgannon
 
Susan B. Kilgannon

URS Corporation,
a Delaware corporation

By: /s/ Reed N. Brimhall 
Name: Reed N. Brimhall
Title: V.P & Chief Accounting Officer

.
 
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