Document:

Exhibit 10.11

 

Exhibit 10.11

THE KEITH COMPANIES, INC.

BOARD OF DIRECTORS COMPENSATION

2005

     
Each director who is independent under the rules and regulations
of the Securities and Exchange Commission and the Nasdaq
National Market, which we refer to as an independent director,
receives compensation as set forth below, in accordance with the
compensation program for independent directors approved by the
Board of Directors.

	 	 	 
	
    
    Retainer

    	 	
    $20,000 annually
	
    
    In Person Board, Shareholder or Committee Meeting

    	 	
    $2,000 per day
	
    
    Telephonic Meeting or Attendance Via Telephone

    	 	
    $1,000 per day
	
    
    Audit Committee Chair Fee

    	 	
    $2,000 annually
	
    
    Equity Compensation

    	 	
    On the date of each annual shareholder meeting, each independent
    director is entitled to receive an annual option grant to
    purchase 2,000 shares of our common stock under our
    1994 Stock Incentive Plan. These options vest in two equal
    annual installments beginning on the first anniversary of the
    grant date and are exercisable at the fair market value of the
    underlying stock on the grant date. In addition, the option
    agreements provide that upon a change of control (as defined in
    the agreement), the portion of the option not otherwise vested
    shall become vested and exercisable generally from the date the
    Board of Directors approves the change of control event until
    the fifth business day immediately before the effective date of
    the change in control event. Unless specific written provision
    is made in connection with the change in control event to the
    contrary, the Option shall terminate thereafter.Exhibit 10.12

 

Exhibit 10.12

THE KEITH COMPANIES, INC.

EXECUTIVE OFFICERS’ COMPENSATION

FOR 2005

Annual Cash Compensation

     
Base Compensation. Set forth below are the base salaries
effective for 2005 of the Chief Executive Officer, each of the
four most highly compensated executive officers in 2004, and
each of our other executive officers. These salaries are
reviewed by the Compensation Committee of the Board of Directors
annually and are subject to increase.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjusted Salary	
	 	 	 	 	 	 	Effective	
	Name	 	Title		 	Current Salary		 	April 2005	
	 	 	 		 	 		 	 	
	
    
    Aram H. Keith(1)

    	 	Chief Executive Officer and Chairman of the Board	 	$	500,000	 	 	$	525,000	 
	 
	
    
    Eric C. Nielsen(2)

    	 	President and Chief Operating Officer	 	$	353,000	 	 	$	363,590	 
	 
	
    
    Gary C. Campanaro(3)

    	 	Chief Financial Officer and Secretary	 	$	353,000	 	 	$	363,590	 
	 
	
    
    Tom Braun(4)

    	 	President — Real Estate Development Services	 	$	300,000	 	 	$	309,000	 
	 
	
    
    Dean J. Palumbo(5)

    	 	President — Energy/Industrial Services	 	$	250,000	 	 	$	257,500	 
	 
	
    
    Robert J. Ohlund(6)

    	 	President — Public Works/Infrastructure Services	 	$	200,000	 	 	$	206,000	 
	 
	
    
    Jerald H. Evans(7)

    	 	President — Energy/Industrial Services	 	 	—	 	 	 	—	 

 

		
	(1) 	
    Mr. Keith is also entitled to receive $24,000 in automobile
    allowance and approximately $9,000 in membership dues paid by us.
	 
	(2) 	
    Mr. Nielsen is also entitled to receive $18,000 in
    automobile allowance and approximately $1,500 in membership dues
    paid by us.
	 
	(3) 	
    Mr. Campanaro is also entitled to receive $18,000 in
    automobile allowance and approximately $4,500 in membership dues
    paid by us.
	 
	(4) 	
    Mr. Braun is also entitled to receive $18,000 in automobile
    allowance.
	 
	(5) 	
    Mr. Palumbo accepted this position effective
    January 1, 2005 and is also entitled to receive $18,000 in
    automobile allowance.
	 
	(6) 	
    Mr. Ohlund is also entitled to receive $9,000 in automobile
    allowance.
	 
	(7) 	
    Mr. Evans was appointed President Emeritus of Energy/
    Industrial Services effective January 1, 2005 through his
    retirement date of January 31, 2005.

     
Discretionary Bonus Plan. Executive officers are eligible
to participate in the discretionary bonus plan. Under the
discretionary plan, the Compensation Committee may award annual
cash bonuses to executive officers if the Company meets or
exceeds a financial performance target established by the
Compensation Committee with respect to any year. At its meeting
on March 4, 2005, the Compensation Committee established a
performance target for 2005 based on income from operations
(after taking into account any amounts paid under the
discretionary bonus plan for the year). Whether any bonus is
awarded, and the amount of any bonus awarded, is at the
discretion of the Compensation Committee once the Company has
met or exceeded its financial performance target.

 

Long Term Incentives

     
Stock Options and Restricted Stock. Executive officers,
together with our other employees, are eligible to receive
grants of awards under our 1994 Stock Option Plan. These awards
may be in the form of stock options and/or restricted stock
grants. The number of options or restricted shares granted to an
executive officer is based upon a number of factors, including,
but not limited to, his or her position, salary and performance,
the number and/or value of his or her in-the-money outstanding
unexercisable options, as well as the performance and goals of
the division or function over which each executive officer has
primary responsibility.

     
Other Plans. Executive officers are eligible to
participate in our group health, dental, life, disability,
retirement and other plans on the same basis as all other
employees.EXHIBIT 10.13

 

Exhibit 10.13

THE KEITH COMPANIES, INC.

SUMMARY DESCRIPTION OF 2005 DISCRETIONARY CASH BONUS PLAN

     
On March 4, 2005, the Compensation Committee adopted a
discretionary cash bonus plan. Executive officers are eligible
to participate in the discretionary bonus plan. Under the
discretionary plan, the Compensation Committee may award annual
cash bonuses to executive officers if the Company meets or
exceeds a financial performance target established by the
Compensation Committee with respect to any year. At its meeting
on March 4, 2005, the Compensation Committee established a
performance target for 2005 based on income from operations
(after taking into account any amounts paid under the
discretionary bonus plan for the year). Whether any bonus is
awarded, and the amount of any bonus awarded, is at the
discretion of the Compensation Committee once the Company has
met or exceeded its financial performance target.exv10w14

 

Exhibit 10.14

THE KEITH COMPANIES, INC.

INDEPENDENT DIRECTOR STOCK OPTION AGREEMENT

     
This Nonqualified Stock Option Agreement (the
“Agreement”) is entered into as of [Date], by
and between The Keith Companies, Inc. (formerly known as The
Keith Companies — Inland Empire, Inc.), a California
corporation (the“Company”) and [Name] (the
“Optionee”) pursuant to the Company’s
Amended and Restated 1994 Stock Incentive Plan (the
“Plan”).

     
1. Grant of Option. The Company hereby grants to
Optionee an option (the“Option”) to purchase
all or any portion of a total of [number of shares] (#,###)
shares (the “Shares”) of the Common Stock of
the Company at a purchase price of [price] per share ($xx.xx),
subject to the terms and conditions set forth herein and the
provisions of the Plan. This Option is NOT intended to
qualify as an “incentive stock option” as defined in
Section 422 of the Internal Revenue Code of 1986, as
amended (the “Code”).

     
2. Vesting of Option. The Shares under this Option
shall vest:

     
3. Term of Option. Optionee’s right to exercise
this Option shall terminate upon the first to occur of the
following:

		
	 	     
    (a) the expiration of ten (10) years from the date of
    this Agreement.
	 
	 	     
    (b) the expiration of thirty (30) days from the date
    of termination of Optionee’s Continuous Service if such
    termination occurs for any reason other than permanent
    disability or death or voluntary resignation: provided, however,
    that if Optionee dies during such thirty-day period the
    provisions of Section 3(d) below shall apply;
	 
	 	     
    (c) the expiration of one (1) year from the date of
    termination of Optionee’s Continuous Service if such
    termination is due to permanent disability of the Optionee (as
    defined in Section 22(e)(3) of the Code);
	 
	 	     
    (d) the expiration of one (1) year from the date of
    termination of Optionee’s Continuous Service if such
    termination is due to Optionee’s death or if death occurs
    during the thirty-day period following termination of
    Optionee’s Continuous Service pursuant to Section 3(b)
    above; or
	 
	 	     
    (e) the expiration of ninety (90) days from the date
    of termination of Optionee’s Continuous Service if such
    termination is due to voluntary resignation; provided, however
    that if Optionee dies during such ninety-day period the
    provisions of Section 3(d) above shall apply.

     
As used herein, the term “Continuous Service”
means (i) employment by either the Company or any parent or
subsidiary corporation of the Company, or by a corporation or a
parent or subsidiary of a corporation issuing or assuming a
stock option in a transaction to which Section 424(a) of
the Code applies, which is uninterrupted except for vacations,
illness (except for permanent disability as defined in
Section 22(e)(3) of the Code), or leaves of absence which
are approved in writing by the Company or any other employer
corporations, if applicable, (ii) service as a member of
the Board of Directors of the Company until Optionee resigns, is
removed from office, or Optionee’s term of office expires
and he or she is not reelected, or (iii) so long as
Optionee is engaged as a consultant or service provider to the
Company or other corporation referred to in clause
(i) above.

     
4. Exercise of Option. On or after the vesting of
any portion of this Option in accordance with Section 2
above, and until termination of this Option in accordance with
Section 3 above, the portion of this Option which has
vested may be exercised in whole or in part by the Optionee (or,
after his or her death, by the person designated in
Section 5 below) upon delivery of the following to the
Company at its principal executive offices:

		
	 	     
    (a) a written notice of exercise which identifies this
    Agreement and states the number of Shares then being purchased
    (but no fractional Shares may be purchased).

 

		
	 	     
    (b) a check or cash in the amount of the Exercise Price (or
    payment of the Exercise Price in such other form of lawful
    consideration as the Administrator may approve from time to time
    under the provisions of Section 5.3 of the Plan);
	 
	 	     
    (c) a check or cash in the amount reasonably requested by
    the Company to satisfy the Company’s withholding
    obligations under Federal, State or other applicable tax laws
    with respect to the taxable income, if any, recognized by the
    Optionee in connection with the exercise of this Option (unless
    the Company and Optionee shall have made other arrangements for
    deductions or withholding from Optionee’s wages, bonus or
    other compensation payable to Optionee, or by the withholding of
    Shares issuable upon exercise of this Option or the delivery of
    Shares owned by the Optionee in accordance with Section 10
    of the Plan, provided such arrangements satisfy the requirements
    of applicable tax laws); and
	 
	 	     
    (d) a letter, if requested by the Company, in such form and
    substance as the Company may require, setting forth the
    investment intent of the Optionee, or person designated in
    Section 5 below, as the case may be.

     
5. Death of Optionee; No Assignment. The rights of
the Optionee under this Agreement may not be assigned or
transferred except by will or by the laws of descent and
distribution, and may be exercised during the lifetime of the
Optionee only by such Optionee. Any attempt to sell, pledge,
assign, hypothecate, transfer or dispose of this Option in
contravention of this Agreement or the Plan shall be void and
shall have no effect. If the Optionee’s Continuous Service
terminates as a result of his or her death, and provided
Optionee’s rights hereunder shall have vested pursuant to
Section 2 hereof, Optionee’s legal representative, his
or her legatee, or the person who acquired the right to exercise
this Option by reason of the death of the Optionee
(individually, a “Successor”) shall succeed to
the Optionee’s rights and obligations under this Agreement.
After the death of the Optionee, only a Successor may exercise
this Option.

     
6. Representations and Warranties of Optionee.

		
	 	     
    (a) Optionee represents and warrants that this Option is
    being acquired by Optionee for Optionee’s personal account,
    for investment purposes only, and not with a view to the
    distribution, resale or other disposition thereof.
	 
	 	     
    (b) Optionee acknowledges that the Company may issue Shares
    upon the exercise of the Option without registering such Shares
    under the Securities Act of 1933, as amended (the
    “Act”), on the basis of certain exemptions from
    such registration requirement. Accordingly, Optionee agrees that
    his or her exercise of the Option may be expressly conditioned
    upon his or her delivery to the Company of an investment
    certificate including such representations and undertakings as
    the Company may reasonably require in order to assure the
    availability of such exemptions, including a representation that
    Optionee is acquiring the Shares for investment and not with a
    present intention of selling or otherwise disposing thereof and
    an agreement by Optionee that the certificates evidencing the
    Shares may bear a legend indicating such non-registration under
    the Act and the resulting restrictions on transfer. Optionee
    acknowledges that, because Shares received upon exercise of an
    Option may be unregistered, Optionee may be required to hold the
    Shares indefinitely unless they are subsequently registered for
    resale under the Act or an exemption from such registration is
    available.
	 
	 	     
    (c) Optionee acknowledges receipt of a copy of the Plan and
    understands that all rights and obligations connected with this
    Option are set forth in this Agreement and in the Plan.

     
7. Restrictive Legends. Optionee hereby acknowledges
that Federal securities laws and the securities laws of the
State in which he or she resides may require the placement of
certain restrictive legends upon the Shares issued upon exercise
of this Option, and Optionee hereby consents to the placing of
any such legends upon certificates evidencing the Shares as the
Company, or its counsel, may deem necessary or advisable.

     
8. Limitation of Company’s Liability for
Nonissuance. The Company agrees to use its reasonable best
efforts to obtain from any applicable regulatory agency such
authority or approval as may be required in order to issue and
sell the Shares to the Optionee pursuant to this Option.
Inability of the Company to obtain, from any such regulatory
agency, authority or approval deemed by the Company’s
counsel to be necessary for the

 

lawful issuance and sale of the Shares hereunder and under the
Plan shall relieve the Company of any liability in respect of
the nonissuance or sale of such shares as to which such
requisite authority or approval shall not have been obtained.

     
9. Adjustments Upon Changes in Capital Structure. In
the event that the outstanding shares of Common Stock of the
Company are hereafter increased or decreased or changed into or
exchanged for a different number or kind of shares or other
securities of the Company by reason of a recapitalization, stock
split, combination of shares, reclassification, stock dividend
or other change in the capital structure of the Company, then
appropriate adjustment shall be made by the Administrator to the
number of Shares subject to the unexercised portion of this
Option and to the Exercise Price per share, in order to
preserve, as nearly as practical, but not to increase, the
benefits of the Optionee under this Option, in accordance with
the provisions of Section 4.2 of the Plan.

     
10. Change in Control.

		
	 	     
    (a) In the event of the earlier of: (i) a sale of
    substantially all of the assets of the Company; (ii) a
    merger or consolidation in which the Company is not the
    surviving corporation (other than a merger or consolidation in
    which shareholders immediately before the merger or
    consolidation have, immediately after the merger or
    consolidation, greater stock voting power or a merger solely for
    the purpose of reincorporating the Company in another
    jurisdiction); (iii) a reverse merger in which the Company
    is the surviving corporation but the shares of the
    Company’s Common Stock outstanding immediately preceding
    the merger are converted by virtue of the merger into other
    property, whether in the form of securities, cash or otherwise
    (other than a reverse merger in which shareholders immediately
    before the merger have, immediately after the merger, greater
    stock voting power): or (iv) any transaction or series of
    related transactions in which in excess of 50% of the
    Company’s voting power is transferred (collectively an
    “Acceleration Event”), the portion of the
    Option not otherwise vested as of the date of the Acceleration
    Event shall become vested and exercisable (the
    “Accelerated Vested Portion”) from the date of
    Company’s Board of Directors approves the Acceleration
    Event, but in no event more than fifteen business days before
    the effective date of the Acceleration Event, until the fifth
    business day immediately before the effective date of the
    Acceleration Event (the “Exercise Period”), and
    the Option shall terminate upon the expiration of the Exercise
    Period, except as provided in Section 10(b) below.
	 
	 	     
    (b) The Option shall not terminate upon the expiration of
    the Exercise Period if provision is made in writing in
    connection with the Acceleration Event for (i) the
    assumption of this Option or the substitution of this Option
    with a new option of comparable value covering shares of a
    successor corporation, with the appropriate adjustments as to
    the number and kind of shares and the Exercise Price, in which
    event this Option or the new option substituted therefore shall
    continue in the manner and under the terms so provided, or
    (ii) the substitution for this Option of a program or plan
    to provide rights to Optionee to receive, on exercise of such
    rights, the type and amount of consideration Optionee would have
    received had he or she exercised this Option prior to the
    Acceleration Event less the aggregate Exercise Price therefore.

     
11. No Employment Contract Created. Neither the
granting of this Option nor the exercise hereof shall be
construed as granting to the Optionee any right with respect to
continuance of employment by the Company or any of its
subsidiaries. The right of the Company or any of its
subsidiaries to terminate at will the Optionee’s employment
at any time (whether by dismissal, discharge or otherwise), with
or without cause, is specifically reserved.

     
12. Rights as Shareholder. The Optionee (or
transferee of this option by will or by the laws of descent and
distribution) shall have no rights as a shareholder with respect
to any Shares covered by this Option until the date of the
issuance of a stock certificate or certificates to him or her
for such Shares, notwithstanding the exercise of this Option.

     
13. “Market Stand-Off” Agreement. Optionee
agrees that, if requested by the Company or the managing
underwriter of any proposed public offering of the
Company’s securities, Optionee will not sell or otherwise
transfer or dispose of any Shares held by Optionee without the
prior written consent of the Company

 

or such underwriter, as the case may be, during such period of
time, not to exceed 180 days following the effective date
of the registration statement filed by the Company with respect
to such offering, as the Company or the underwriter may specify.

     
14. Interpretation. This Option is granted pursuant
to the terms of the Plan, and shall in all respects be
interpreted in accordance therewith. The Administrator shall
interpret and construe this Option and the Plan, and any action,
decision, interpretation or determination made in good faith by
the Administrator shall be final and binding on the Company and
the Optionee. As used in this Agreement, the term
“Administrator” shall refer to the committee of
the Board of Directors of the Company appointed to administer
the Plan, and if no such committee has been appointed, the term
Administrator shall mean the Board of Directors.

     
15. Notices. Any notice, demand or request required
or permitted to be given under this Agreement shall be in
writing and shall be deemed given when delivered personally or
three (3) days after being deposited in the United States
mail, as certified or registered mail, with postage prepaid, and
addressed, if to the Company, at its principal place of
business, Attention: the Chief Financial Officer, and if to the
Optionee, at his or her most recent address as shown in the
employment or stock records of the Company.

     
16. Governing Law. The validity, construction,
interpretation, and effect of this Option shall be governed by
and determined in accordance with the laws of the State of
California.

     
17. Severability. Should any provision or portion of
this Agreement be held to be unenforceable or invalid for any
reason, the remaining provisions and portions of this Agreement
shall be unaffected by such holding.

     
18. Counterparts. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an
original and all of which together shall be deemed one
instrument.

     
IN WITNESS WHEREOF, the parties have executed this Agreement as
of the date first above written.

THE KEITH COMPANIES, INC.

		
	By: 	
     

 

Aram H. Keith

Chief Executive Officer

		
	By: 	
     

 

Gary C. Campanaro

Chief Financial Officer

OPTIONEE

 

[Name]

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