Document:

Indemnification Agreement dated as of May 14, 2003

 EXHIBIT 10.1 
  
 JOINT AND SEVERAL INDEMNITY AGREEMENT 
  
 AGREEMENT dated as of May 14, 2003 by and between Metro-Goldwyn-Mayer Inc., a Delaware corporation (the
“Corporation”) and Metro-Goldwyn-Mayer Studios, Inc., a Delaware corporation (“MGM Studios” and together with the Corporation, the “Indemnitors”) on the one hand, and A. N. Mosich (the
“Indemnitee”), on the other. 
  
 RECITALS

  
 The Indemnitee is a director and/or officer of the
Corporation, MGM Studios and/or an Affiliate Indemnitee (as hereinafter defined). Each of the Indemnitors and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers in today’s
environment. 
  
 The Bylaws of the Corporation requires the
Corporation and the Bylaws of MGM Studios requires MGM Studios to indemnify their respective directors and officers as currently provided therein, and the Indemnitee has been serving and continues to serve as a director and/or officer of the
Corporation and/or MGM Studios in part in reliance on such provisions. The Bylaws of each of the Indemnitors permit such Indemnitor to purchase and maintain insurance or to furnish similar protection or make other arrangements (any such insurance,
protection or arrangement, an “Indemnification Arrangement”) on behalf of the Indemnitee against personal liability (including, but not limited to, providing for Advanced Amounts as hereinafter defined) asserted against her or
incurred by or on behalf of her in such capacity as a director or officer of such Indemnitor or as an Affiliate Indemnitee, or arising out of his status as such, whether or not such Indemnitor would have the power to indemnify her against such
liability under the provisions of this Agreement or under the Delaware General Corporation Law (the “DGCL”), as it may then be in effect. 
  
 In part to provide the Indemnitee with specific contractual assurance of substantial protection against personal liability (regardless of, among other
things, any amendment to or revocation of the aforementioned provisions of any of the Indemnitor’s Bylaws or any change in the composition of such Indemnitor’s Board of Directors or control of such Indemnitor), each of the Indemnitors
desires to enter into this Agreement. DGCL Section 145(f) expressly recognizes that the indemnification provisions of the DGCL are not exclusive of any other rights to which a person seeking indemnification may be entitled under the Certificate of
Incorporation or Bylaws of any of the Indemnitors, or an agreement providing for indemnification, or a resolution of stockholders or directors, or otherwise, and the Bylaws of each of the Indemnitors expressly recognizes that the indemnification
provisions of the Bylaws of such Indemnitor shall not be deemed exclusive of, and shall not affect, any other rights to which a person seeking indemnification may be entitled under any agreement, and this Agreement is being entered into pursuant to
the Bylaws of each of the Indemnitors, as permitted by the DGCL, and has been authorized by the stockholders of the Indemnitors. 
  
 In order to induce the Indemnitee to serve as a director and/or officer of the Corporation and/or MGM Studios and in consideration of the
Indemnitee’s so serving, each of the Indemnitors desires jointly and severally to hold harmless and indemnify the Indemnitee and to make arrangements pursuant to which the Indemnitee may be advanced or reimbursed expenses incurred by the
Indemnitee in certain proceedings, in every case to the fullest extent authorized or permitted by the DGCL, or any other applicable law, or by any amendment thereof or other statutory provisions authorizing or permitting such indemnification which
are adopted after the date hereof (but, in the case of any such amendment, only to the extent that such amendment permits the Indemnitor to provide broader indemnification rights than the DGCL, or other applicable law, permitted such Indemnitor to
provide prior to such amendment). 
  
 NOW, THEREFORE, in
consideration of the foregoing recitals and of the Indemnitee’s continuing to serve the Corporation and/or MGM Studios as a director and/or officer, the parties agree as follows: 
  
 1.    Indemnification. To the fullest extent allowed by law, each of the Indemnitors, jointly and
severally, shall hold harmless and indemnify the Indemnitee, his executors, administrators or assigns against any and all expenses, liabilities and losses (including, without limitation, investigation expenses, expert witnesses’ and 

 
attorneys’ fees and expenses, judgments, penalties, fines, amounts paid or to be paid in settlement any interest, assessments, or other charges imposed
thereon and any federal, state, local or foreign taxes imposed as a result of actual or deemed receipt of any payment hereunder) actually incurred by the Indemnitee (net of any related insurance proceeds or other amounts received by the Indemnitee
or paid by or on behalf of an Indemnitor on the Indemnitee’s behalf in compensation of such expenses, liabilities or losses) in connection with any actual or threatened action, suit or proceeding, whether civil, criminal, administrative or
investigative or in arbitration, to which the Indemnitee is a party or participant or is threatened to be made a party or participant (a “Proceeding”), as a plaintiff, defendant, respondent, witness or otherwise, based upon, arising
from, relating to or by reason of the fact that the Indemnitee: (a) is, was, shall be or shall have been a director and/or officer of the Corporation or (b) is or was serving, shall serve, or shall have served at the request of the Corporation as a
director, officer, partner, trustee, fiduciary, employee or agent (“Affiliate Indemnitee”) of another foreign or domestic corporation or non-profit corporation, cooperative, partnership, joint venture, trust, employee benefit plan,
or other incorporated or unincorporated enterprise (each, a “Company Affiliate”); or arising from or relating to any action or omission to act taken by the Indemnitee in any of the foregoing capacities; provided, however,
that, except as provided in Section 9(b) hereof, an Indemnitor shall indemnify the Indemnitee in connection with a Proceeding initiated by the Indemnitee only if such proceeding (or part thereof) was authorized by a two-thirds vote of the Board of
Directors of such Indemnitor. 
  
 The Indemnitee shall be
presumed to be entitled to such indemnification under this Agreement upon submission of a written claim pursuant to Section 4 hereof. Thereafter, the Indemnitors shall have the burden of proof to overcome the presumption that the Indemnitee is so
entitled. Such presumption shall only be overcome by a judgment or other final adjudication, after all appeals and all time for appeals has expired (“Final Determination”), which is adverse to the Indemnitee and which establishes
(i) that his acts were committed in bad faith, or were the result of active and deliberate dishonesty, and were material to the cause of action so adjudicated and (ii) that the Indemnitee in fact personally gained a financial profit or other
advantage to which she was not legally entitled. If the Indemnitee is not wholly successful in any Proceeding but is successful on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding the
Indemnitors agree, jointly and severally, to indemnify the Indemnitee to the maximum extent permitted by law against all losses and expenses incurred by the Indemnitee in connection with each successfully resolved claim, issue or matter. Neither the
failure of any of the Indemnitors (including their respective Boards of Directors, legal counsel or stockholders) to have made a determination prior to the commencement of such Proceeding that indemnification of the Indemnitee is proper in the
circumstances because such person has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by such Indemnitor (including its Board of Directors, its legal counsel or its stockholders) that the Indemnitee has not
met the applicable standard of conduct, shall be a defense to the action or create a presumption that the Indemnitee has not met the applicable standard of conduct. The purchase, establishment or maintenance of any Indemnification Arrangement shall
not in any way diminish, restrict, limit or adversely affect the rights and obligations of any of the Indemnitors or of the Indemnitee under this Agreement, except as expressly provided herein, and the execution and delivery of this Agreement by the
Indemnitors and the Indemnitee shall not in any way diminish, restrict, limit or adversely affect the Indemnitee’s right to indemnification from the Indemnitors or any other party or parties under any other Indemnification Arrangement, the
Certificate of Incorporation or Bylaws of any of the Indemnitors, or the DGCL. 
  
 2.    Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or on behalf of an Indemnitor or any affiliate of an Indemnitor against the
Indemnitee, Indemnitee’s spouse, heirs, executors, or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, or such longer period as may be required by applicable law under the
circumstances. Any claim or cause of action of the Indemnitor or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such period; provided, however, that if any shorter period
of limitations is otherwise applicable to any such cause of action the shorter period shall govern. 
  
 3.    Insurance. Subject only to the provisions of this Section 3, as long as the Indemnitee shall continue to serve as a
director and/or officer of an Indemnitor (or shall continue at the request of an Indemnitor to serve as an Affiliate Indemnitee) and, thereafter, as long as the Indemnitee shall be subject to any possible Proceeding by 

  

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reason of the fact that the Indemnitee was a director and/or officer of the Corporation and/or MGM Studios (or served in any of said other capacities), the
Indemnitors shall, unless no such policies are available in any market, purchase and maintain in effect for the benefit of the Indemnitee one or more valid, binding and enforceable policies (the “Insurance Policies”) of
directors’ and officers’ liability insurance (“D&O Insurance”) providing adequate liability coverage for the Indemnitee’s acts as a director and/or officer of the Indemnitors or as an Affiliate Indemnitee. Each
Indemnitor shall promptly notify the Indemnitee of any lapse, amendment or failure to renew said policy or policies or any provision thereof relating to the extent or nature of coverage provided thereunder. In the event any Indemnitor does not
purchase and maintain in effect said policy or policies of D&O Insurance pursuant to the provisions of this Section 3, such Indemnitor shall, in addition to and not in limitation of the other rights granted the Indemnitee under this Agreement,
hold harmless and indemnify the Indemnitee to the full extent of coverage which would otherwise have been provided for the benefit of the Indemnitee pursuant to the Insurance Policies. 
  
 4.    Claims for Payments. The Indemnitee shall have the right to receive from the Indemnitors on
demand or, at his option, to have any of the Indemnitors pay promptly on his behalf, in advance of a Final Determination of a Proceeding, all amounts payable by the Indemnitors pursuant to the terms of this Agreement as corresponding amounts are
expended or incurred by the Indemnitee in connection with any Proceeding or otherwise (such amounts so expended or incurred being referred to as “Advanced Amounts”). In making any claim for payment by the Indemnitors of any amount,
including any Advanced Amount, pursuant to this Agreement, the Indemnitee shall submit to the Indemnitors a written request for payment (a “Claim”) which includes a schedule setting forth in reasonable detail the dollar amount
expended (or incurred or expected to be expended or incurred). Each item on such schedule shall be supported by the bill, agreement, or other documentation relating thereto, a copy of which shall be appended to the schedule as an exhibit.

  
 Where the Indemnitee is requesting Advanced Amounts, the
Indemnitee must also provide an undertaking to repay such Advanced Amounts if a Final Determination is made that the Indemnitee is not entitled to indemnification hereunder. 
  
 5.    Section 16(b) Liability. No Indemnitor shall be liable under this Agreement to make any
payment in connection with any claim made against the Indemnitee for an accounting of profits made from the purchase or sale by the Indemnitee of securities of an Indemnitor within the meaning of Section 16(b) of the Securities Exchange Act of 1934,
and amendments thereto, or similar provisions of any state statutory law or common law. 
  
 6.    Continuation of Indemnity. All agreements and obligations of the Indemnitors contained herein shall continue during the period the Indemnitee is a director and/or officer of such
Indemnitor (or is serving at the request of an Indemnitor as an Affiliate Indemnitee) and shall continue thereafter so long as the Indemnitee shall be subject to any possible Proceeding by reason of the fact that the Indemnitee was a director or
officer of such Indemnitor or served as such an Affiliate Indemnitee. 
  
 7.    Successors: Binding Agreement. This Agreement shall be binding on, and shall inure to the benefit of and be enforceable by, each of the Indemnitor’s successors and assigns and by the Indemnitee’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, divisees and legatees. Each Indemnitor shall require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of such Indemnitor, by written agreement in form and substance reasonably satisfactory to such Indemnitor and to the Indemnitee, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that such Indemnitor would be required to perform if no such succession or assignment had taken place. 
  
 8.    Notification and Defense of Claim. Promptly after receipt by the Indemnitee of notice of the commencement of any
Proceeding, the Indemnitee shall, if a claim in respect thereof is to be made against an Indemnitor under this Agreement, notify such Indemnitor of the commencement thereof, but the failure to so 

  

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notify such Indemnitor will not relieve the Indemnitors from any liability which it may have to the Indemnitee. With respect to any such Proceeding:

  
 (i) Each Indemnitor shall be entitled to
participate therein at its own expense; 
  
 (ii)
Except with prior written consent of the Indemnitee, the Indemnitors shall not be entitled to assume the defense of any Proceeding; and 
  
 (iii) No Indemnitor shall settle any Proceeding in any manner which would impose any penalty or limitation on the Indemnitee without the
Indemnitee’s prior written consent. 
  
 The Indemnitee shall
not settle any Proceeding with respect to which the Indemnitee has received indemnified amounts or Advanced Amounts without the Indemnitors’ prior written consent, nor will the Indemnitee unreasonably withhold consent to any proposed
settlement. 
  
 9.    Enforcement. (a)
Each Indemnitor has entered into this Agreement and assumed the obligations imposed on such Indemnitor hereby in order to induce the Indemnitee to act as a director and/or officer of the Corporation and/or MGM Studios or as an Affiliate Indemnitee
and acknowledges that the Indemnitee is relying upon this Agreement in continuing in such capacity. 
  
 (b) All expenses incurred by the Indemnitee in connection with the preparation and submission of the Indemnitee’s request for indemnification
hereunder shall be borne, jointly and severally, by the Indemnitors. In the event the Indemnitee has requested payment of any amount under this Agreement and has not received payment thereof within thirty (30) days of such request, the Indemnitee
may bring any action to enforce rights or collect moneys due under this Agreement, and, if the Indemnitee is successful in such action, the Indemnitors shall reimburse the Indemnitee for all of the Indemnitee’s fees and expenses in bringing and
pursuing such action. If it is determined that the Indemnitee is entitled to indemnification for part (but not all) of the indemnification so requested, expenses incurred in seeking enforcement of such partial indemnification shall be reasonably
prorated among the claims, issues or matters for which the Indemnitee is entitled to indemnification for claims, issues or matter for which the Indemnitee is not so entitled. The Indemnitee shall be entitled to the advancement of such amounts to the
full extent contemplated by Section 4 hereof in connection with such Proceeding. 
  
 10.    Separability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (i) the validity, legality and
enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any sections or subsections of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not by
themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of any section or subsections of this Agreement containing any such provisions held to be
invalid, illegal or unenforceable shall be construed so as to give effect to the intent of the parties that the Indemnitors (or any of them) provide protection to the Indemnitee to the fullest extent enforceable. 
  
 11.    Miscellaneous. No provision of this
Agreement may be modified, waived or discharged unless such modification, waiver or discharge is agreed to in writing signed by the Indemnitee and an officer of each of the Indemnitors designated by the Board of Directors of such Indemnitor. No
waiver by either party at any time of any breach by the other party of, or of compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same time or at any prior or subsequent time. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Delaware, without giving effect to the principles of conflicts
of laws thereof. The Indemnitee may bring an action seeking resolution of disputes or controversies arising under, or in any way related to, this Agreement in the state or federal court jurisdiction in which the Indemnitee resides or in which his
place of business is located and in any related appellate courts, and each of the Indemnitors hereby consents to the jurisdiction of such courts and to such venue. 
  

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 12.    Notices. For the purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, as follows: 
  

	 If to the Indemnitee:
	  	 Dr. A. N. Mosich
 5890 W. 75th Street
 Los Angeles, CA
90045
	  	 	  	 
				
	If to the Corporation:	  	 Metro-Goldwyn-Mayer Inc.
 Fifth
Floor
 2500 Broadway Street
 Santa Monica, CA 90404
 Attn: Secretary
	  	 	  	 
			
	If to MGM Studios:	  	 Metro-Goldwyn-Mayer Studios Inc.
 Fifth Floor
 2500 Broadway Street
 Santa Monica, CA
90404
 Attn: Secretary
	  	 

  
 or to such other address as either
party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  
 13.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together shall constitute one and the same instrument. 
  
 14.    Effectiveness. This Agreement shall be effective as of the day and year first above written. 
  

IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the day and year first above written. 
  

	 	 	 	 	METRO-GOLDWYN-MAYER INC.
					
	 	 	 	 	 	 	By:	 	 /s/ WILLIAM A. JONES

	 	 	 	 	 	 	 	 	 Name: William A. Jones
 Title: Senior
Executive Vice President

			
	 	 	 	 	METRO-GOLDWYN-MAYER STUDIOS INC.
					
	 	 	 	 	 	 	By:	 	 /s/ WILLIAM A. JONES

	 	 	 	 	 	 	 	 	 Name: William A. Jones
 Title: Senior
Executive Vice President

			
	 	 	 	 	INDEMNITEE
					
	 	 	 	 	 	 	By:	 	 /s/ A. N. MOSICH

	 	 	 	 	 	 	 	 	A. N. Mosich

  

 51999 Stock Incentive Plan, as amended

 EXHIBIT 4.1 
  
 JACOBS ENGINEERING GROUP INC. 
  

1999 Stock Incentive Plan 
 (as
Amended and Restated) 
  
 1.    Purpose.

  
 The purpose of the Jacobs Engineering Group Inc. 1999
Stock Incentive Plan (the “Plan”) is to advance the interests of Jacobs Engineering Group Inc. (the “Company”) and its Related Companies (as defined in Section 2) by encouraging and enabling the acquisition of a financial
interest in the Company by officers and other employees of the Company and its Related Companies. In addition, the Plan is intended to aid the Company and its Related Companies in attracting and retaining employees, to stimulate the efforts of such
employees and to strengthen their desire to remain in the employ of the Company and its Related Companies. 
  
 2.    Definitions. 
  
 Unless the context clearly indicates otherwise, the following terms, when used in this Plan, shall have the meanings set forth in this Paragraph 2. 
  
 “Board of Directors” means the Board of Directors of the Company. 
  
 “Business Day” means a day on which the New York Stock Exchange is
open for securities trading. 
  
 “Change in Control”
shall mean, with respect to the Company, a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A under the Securities Exchange Act of 1934, as amended (“1934 Act”),
provided that such a change in control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in Sections 13(d) and 14(d)(2) of the 1934 Act) is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under the 1934 Act), directly or indirectly, of securities representing 25% or more of the combined voting power for election of directors of the then outstanding securities of the Company or any successor of the Company; (ii) during any
period of two (2) consecutive years or less, individuals who at the beginning of such period constituted the Board of Directors of the Company cease, for any reason, to constitute at least a majority of the Board of Directors of the Company, unless
the election or nomination for election of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period; (iii) the shareholders of the Company approve any
merger or consolidation as a result of which the Jacobs Common Stock (as defined below) shall be changed, converted or exchanged (other than by merger with a wholly owned subsidiary of the Company) or any liquidation of the Company or any sale or
other disposition of 50% or more of the assets or earning power of the Company; or (iv) the shareholders of the Company approve any merger or consolidation to which the Company is a party as a result of which the persons who were shareholders of the
Company immediately prior to the effective date of the merger or consolidation shall have beneficial ownership of less than 50% of the combined voting power for election of directors of the surviving corporation following the effective date of such
merger or consolidation; provided, however, that no Change in Control shall be deemed to have occurred if, prior to such time as a Change in Control would otherwise be deemed to have occurred, the Board of Directors of the Company determines
otherwise. 
  
 “Committee” means the Compensation
Committee of the Board of Directors of the Company, or any committee appointed by the Board of Directors of the Company in accordance with the Company’s By-Laws from among its members for the purpose of administering the Plan. Members of the
Committee shall be Non Employee Directors within the meaning of Rule 16b-3 under the 1934 Act. 

 “Disabled” or “Disability” means the employee meets the definition of
“disabled” under the terms of the long term disability plan of the Company or Related Company by which the employee is employed in effect on the date in question, whether or not the employee is covered by such plan. 
  
 “Employee” means an employee of the Company or a Related Company.

  
 “Fair Market Value” means the closing price of one
share of Jacobs Common Stock as reported by the New York Stock Exchange for the day on which the value is determined. If such day is not a Business Day, then the fair market value shall be determined by reference to the closing price on the first
immediately preceding Business Day. 
  
 “Incentive
Award” means an ISO, an NQSO or Restricted Stock granted or awarded under this Plan. 
  
 “ISO” means an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. 
  
 “Jacobs Common Stock” means the Common Stock, par value $1.00 per share, of the Company. 
  
 “Majority-Owned Related Company” means a Related Company in which
the Company owns, directly or indirectly, 50% or more of the voting stock on the date an Incentive Award is granted or awarded. 
  
 “NQSO” means a stock option that does not constitute an ISO. 
  
 “Options” means ISOs and NQSOs granted under this Plan. 
  
 “Optionee” means any person to whom an Option is granted under the
Plan. 
  
 “Related Company” or “Related
Companies” means corporation(s) or other business organization(s) in which the Company owns, directly or indirectly, 20% or more of the voting stock or capital at the relevant time. 
  
 “Restricted Stock” means shares of Jacobs Common Stock awarded pursuant to Section 13 of this Plan. 
  
 “Retire” means to enter Retirement. 
  
 “Retirement” means the termination of an Optionee’s employment
with the Company or a Related Company by reason of an Optionee having either (1) attained the age of 65, or (2) attained the age of 60 and completed a total of ten (10) or more consecutive years of employment with the Company, and/or a Related
Company. 
  
 3.    Incentive Awards. 
  
 The Company may grant or award Incentive Awards to those persons meeting the
eligibility requirements in Section 6. 
  
 4.    Administration. 
  
 (a)    The Plan shall be administered by the Committee. The Board of Directors shall fill vacancies on, and from time to time may remove or add members to, the Committee. The Committee shall act pursuant to a majority
vote or unanimous written consent. 
  
 (b)    The Committee shall determine the employees of the Company and its Related Companies (including officers) to whom, and the time or times at which, Incentive Awards will be granted or awarded; the number of shares
to be subject to each Incentive Award; the duration of each Incentive Award; the time or times within which Options may be exercised; the cancellation of the Incentive Award (with the consent of the holder thereof); and the other terms and
conditions of the grant or award of the Incentive Award, at grant or 
  

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 award or while outstanding, pursuant to the terms of the Plan. The provisions and conditions of the Incentive Awards need
not be the same with respect to each employee or with respect to each Incentive Award. 
  
 (c)    The Committee may, subject to the provisions of the Plan, establish such rules, regulations, policies and procedures as it deems necessary or advisable for the proper administration of the
Plan, and may make determinations and may take such other action in connection with or in relation to the Plan as it deems necessary or advisable. Each determination or other action made or taken pursuant to the Plan, including interpretations of
the Plan and the specific conditions and provisions of the Incentive Awards granted or awarded hereunder by the Committee, shall be final and conclusive for all purposes and upon all persons including, but without limitation, the Company, its
Related Companies, the Committee, the Board of Directors of the Company, officers and the affected employees of the Company and/or its Related Companies, employees and the respective successors in interest of any of the foregoing. 
  
 (d)    Notwithstanding the foregoing, with respect to any
Incentive Award that is not intended to satisfy the conditions of Rule 16b-3 under the 1934 Act or Section 162(m)(4)(C) of the Internal Revenue Code of 1986, as amended, the Committee may appoint one or more separate committees (any such committee,
a “Subcommittee”) composed of one or more directors of the Company, who unlike the members of the Committee, may be employee directors of the Company. The Committee may delegate to any such Subcommittee(s) the authority to grant Incentive
Awards, to determine all terms of such Incentive Awards and/or to administer the Plan, pursuant to the terms of the Plan. Subject to the limitations of the Plan and the limitations of the Committee’s delegation, any such Subcommittee would have
the full authority of the Committee pursuant to the terms of the Plan. Any such Subcommittee shall not, however, grant Incentive Awards on terms more favorable than Incentive Awards granted by the Committee. Actions by any such Subcommittee within
the scope of delegation shall be deemed for all purposes to have been taken by the Committee. Any such Subcommittee shall be required to report to the Committee on any actions that the Subcommittee has taken. 
  
 (e)    The Committee may designate the Secretary of the
Company or any other Company employee to assist the Committee in the administration of the Plan, and may grant authority to such persons to execute agreements evidencing Incentive Awards made under the Plan or other documents entered into under the
Plan on behalf of the Committee or the Company. 
  
 5.    Stock. 
  
 The Jacobs
Common Stock to be issued, transferred and/or sold under the Plan shall be made available from authorized and unissued Jacobs Common Stock or from the Company’s treasury shares. The total number of shares of Jacobs Common Stock that may be
issued or transferred under the Plan pursuant to Incentive Awards hereunder may not exceed 5,600,000 shares (subject to adjustment as described below). Such number of shares shall be subject to adjustment in accordance with this Section 5 and
Section 12. Jacobs Common Stock subject to any unexercised portion of an Option that expires or is canceled, surrendered or terminated for any reason may again be subject to Incentive Awards granted under the Plan. 
  
 6.    Eligibility. 
  
 Incentive Awards may be granted or awarded to employees of the Company and
its Related Companies. 
  
 In no event may Incentive Awards be
granted or awarded to any Employee for more than one million shares in any one calendar year, subject to the adjustment provisions of Section 12 of the Plan. 
  
 7.    Grants of Options. 
  
 Each Option grant shall be evidenced by a written instrument containing such terms and conditions, not inconsistent with the Plan, as the Committee may
approve. Except as otherwise specifically provided in this Plan, Options granted pursuant to the Plan shall be subject to the following terms and conditions: 
  

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 (a)    Option Price.    The option price of all ISOs shall
be 100% of the Fair Market Value of the Jacobs Common Stock on the date of grant. The option price of all NQSOs shall be not less than 85% of the Fair Market Value of the Jacobs Common Stock on the date of grant. 
  
 (b)    Duration of
Options.    The duration of Options shall be determined by the Committee, but in no event shall the duration exceed ten (10) years from the date of its grant. 
  
 (c)    Other Terms and Conditions.    Options may contain such other
provisions, not inconsistent with the provisions of the Plan, as the Committee shall determine appropriate from time to time, including, without limitation, provisions for accelerated vesting of Options, and provisions relating to the termination of
Options for conduct deemed detrimental to the Company and/or its Related Companies; provided, however, that, except in the event of a Change in Control or the Disability or death of the employee, no Option shall be exercisable in whole or in part
for a period of twelve (12) months from the date on which the Option is granted. The grant of an Option to any employee shall not affect in any way the right of the Company and any Related Company to terminate the employment of the holder thereof.

  
 (d)    ISOs.    The Committee, with respect to each grant of an Option to an employee, shall determine whether such Option shall be an ISO, and, upon determining that an Option shall be an ISO,
shall designate it as such in the written instrument evidencing such Option. Each written instrument evidencing an ISO shall contain all terms and conditions required by Section 422 of the Internal Revenue Code of 1986, as amended. If the written
instrument evidencing an Option does not contain a designation that it is an ISO, it shall not be an ISO. 
  
 The Employee to whom an ISO is granted must be eligible to receive an ISO pursuant to Section 422 of the Internal Revenue Code of 1986, as amended.

  
 The aggregate Fair Market Value (determined in each instance
on the date on which an ISO is granted) of the Jacobs Common Stock with respect to which ISOs are first exercisable by any employee in any calendar year shall not exceed $100,000 for such employee. If any Majority-Owned Related Company of the
Company shall adopt a stock option plan under which options constituting ISOs may be granted, the fair market value of the stock on which any such ISOs are granted and the times at which such ISOs will first become exercisable shall be taken into
account in determining the maximum amount of ISOs that may be granted to the employee under this Plan in any calendar year. 
  
 8.    Exercises of Options. 
  
 (a)    An exercisable Option may be exercised in whole or in part. However, an Option may not be exercised in a manner that will
result in fractional shares of Jacobs Common Stock being issued. 
  
 (b)    All, or any portion, of an exercisable Option shall be deemed exercised upon delivery to the representative of the Company designated for such purpose by the Committee of all of the following: (i) notice of
exercise in such form and in such manner as the Committee may authorize; (ii) payment of the exercise price for such Options being exercised; (iii) such representations and documents as the Committee may, in its sole discretion, deem necessary or
advisable to effect compliance with all applicable provisions of the Securities Act of 1933, as amended, and any other federal, state, or foreign securities laws or regulations; and (iv) in the event that the Option is being exercised pursuant to
Section 9 of the Plan by any person other than the Employee, proof deemed appropriate by the Committee in its sole discretion of the right of such person to exercise the Option. 
  
 (c)    The option price shall be paid in full at the time of exercise. Payment is to be made in cash or,
at the discretion of the Committee and upon conditions established by it, by the delivery or constructive exchange of shares of Jacobs Common Stock acceptable to the Committee owned by the Employee for such period of time as may be established by
the Committee. 
  
 (d)    The Committee may
make such provisions as it may deem appropriate for the withholding or payment by the Employee of any taxes which it determines are required in connection with an exercise of an Option, and an Optionee’s rights in any Incentive Award are
subject to satisfaction of such conditions. 
  

 4 

 If permitted by the Committee, the Employee may elect to satisfy all or any portion of such taxes by instructing the
Company to withhold shares of Jacobs Common Stock that would otherwise be issuable to the employee by reason of the exercise. 
  
 If shares of Jacobs Common Stock are delivered or constructively exchanged to pay the option price, or if shares of Jacobs Common Stock otherwise issuable
to the employee by reason of the exercise are withheld to satisfy tax liabilities, the value of the shares delivered or exchanged or that are withheld shall be computed using the Fair Market Value of the Jacobs Common Stock delivered or exchanged,
or withheld, determined as of the date of exercise. 
  
 9.     Transferability of Incentive Awards. 
  
 Except as otherwise provided by the Committee: 
  
 (a)    Incentive Awards granted or awarded pursuant to the Plan shall not be transferable other than by will or by the laws of descent and distribution. 
  
 (b)    During the lifetime of an employee, an Option
shall be exercisable only by the employee personally, or by the employee’s legal representative. 
  
 10.    Effect on Options of Termination of Employment, Other Changes of Employment or Employer Status, Death,
Retirement, or a Change in Control. 
  
 Schedule A, attached
hereto, establishes the effects on outstanding Options of an Employee’s termination of employment, other changes of employment or employer status, death, Disability, Retirement, or a Change in Control, and is hereby incorporated by reference.
The Committee may approve grants of Options containing terms and conditions different from, or in addition to, those set forth in Schedule A. 
  
 Notwithstanding the provisions of the foregoing paragraph, no Option may have a term of more than ten years. 
  
 In the case of leaves of absence, employees will not be deemed to have
terminated employment unless the Committee, in its sole discretion, determines otherwise. 
  
 The Committee may, with the consent of the affected employee, modify the terms and conditions pertaining to the effect of an employee’s termination on the expiration or exercisability of an Option subsequent to
the date of grant. 
  
 11.    No Rights as a Shareholder.

  
 An employee or a transferee of an employee pursuant to
Section 9 shall have no rights as a shareholder with respect to any Jacobs Common Stock covered by an Option or receivable upon the exercise of an Option until the employee or transferee shall have become the holder of record of such Jacobs Common
Stock, and no adjustments shall be made for dividends in cash or other property or other distributions or rights in respect to such Jacobs Common Stock for which the record date is prior to the date on which the employee or transferee shall have in
fact become the holder of record of the share of Jacobs Common Stock acquired pursuant to the Incentive Award. 
  
 12.    Adjustment in the Number of Shares and in Option Price. 
  
 In the event there is any change in the shares of Jacobs Common Stock through the declaration of stock dividends, or stock splits or through
recapitalization or merger or consolidation or combination of shares or spin-offs or otherwise, the Committee or the Board of Directors of the Company shall make such adjustment, if any, as it may deem appropriate in the number of shares of Jacobs
Common Stock available for Options as well as the number of 
  

 5 

 shares of Jacobs Common Stock subject to any outstanding Option and the option price thereof. Any such adjustment may
provide for the elimination of any fractional shares that might otherwise become subject to any Option without payment therefor. 
  
 13.    Awards of Restricted Stock. 
  
 (a)    An Incentive Award in the form of shares of Restricted Stock may be awarded under this Section 13 as determined by the
Committee. The shares of Restricted Stock so issued shall not be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of, and in the event of termination of the Employee’s employment with the Company for any reason
(including death and Disability unless the Committee in its sole discretion terminates the Forfeiture Restrictions following the death or Disability of such Employee), the Employee shall be obligated, for no consideration, to forfeit and surrender
such shares (to the extent then subject to the Forfeiture Restrictions) to the Company. The restrictions against disposition and the obligation to forfeit and surrender shares to the Company are herein referred to as “Forfeiture
Restrictions”, and the shares that are then subject to the Forfeiture Restrictions are herein sometimes referred to as “Restricted Stock.” Certificates representing Restricted Stock shall be appropriately legended to reflect the
Forfeiture Restrictions. 
  
 (b)    The number
of shares of Restricted Stock that may be awarded under this Plan shall be limited to 10% of the total number of shares authorized to be made subject to Incentive Awards under this Plan. Any shares of Restricted Stock awarded under this Plan that
are forfeited shall again be available for reissuance as Restricted Stock. 
  
 (c)    The Forfeiture Restrictions with respect to Restricted Stock issued under this Section 13 shall lapse and be of no further force and effect upon the expiration of the period of time fixed by
the Committee upon the issuance of such Restricted Stock. 
  
 (d)    Should the Employee’s employment with the Company or Related Company be terminated for any reason upon or within thirty-six (36) months following a Change in Control, then all remaining Forfeiture
Restrictions, if any, shall be deemed to have lapsed. 
  
 (e)    In order to enforce the restrictions imposed upon shares of Restricted Stock, the Committee may require the recipient to enter into an escrow agreement providing that the certificates representing such shares of
Restricted Stock shall remain in the physical custody of an escrow holder until any or all of the restrictions imposed pursuant to the Plan expire or shall have been removed. 
  
 (f)    The Committee may make such provisions as it may deem appropriate for the withholding or payment
by the Employee of any taxes which it determines are required in connection the lapse of Forfeiture Restrictions, and an Employee’s rights in any Incentive Award are subject to satisfaction of such conditions. If permitted by the Committee, the
Employee may elect to satisfy all or any portion of such taxes by instructing the Company to withhold shares of Jacobs Common Stock as to which the Restrictions have lapsed. 
  
 (g)    If shares of Jacobs Common Stock are withheld to satisfy tax liabilities, the value of such
shares shall be computed using the Fair Market Value of the Jacobs Common Stock on the date of Forfeiture Restrictions lapse. 
  
 (h)    All of the foregoing restrictions, terms and other conditions regarding shares of Restricted Stock shall be evidenced by a
written instrument executed by the Company and the Employee and containing such terms and conditions, not inconsistent with the Plan, as the Committee shall approve. 
  
 14.    Amendments, Modifications and Termination of the Plan. 
  
 (a)    The Board of Directors of the Company or the
Committee may terminate the Plan at any time. From time to time, the Board of Directors or the Committee may suspend the Plan, in whole or in part. From time to time, the Board of Directors or the Committee may amend the Plan, in whole or in part,
including the 
  

 6 

 adoption of amendments deemed necessary or desirable to qualify the Incentive Awards under the laws (including tax laws)
of various countries and under rules and regulations promulgated by the Securities and Exchange Commission with respect to employees who are subject to the provisions of Section 16 of the 1934 Act, or to correct any defect or supply an omission or
reconcile any inconsistency in the Plan or in any Incentive Award granted hereunder, or for any other purpose or to any effect permitted by applicable laws and regulations, without the approval of the shareholders of the Company. However, in no
event may additional shares of Jacobs Common Stock be allocated to the Plan, or may the minimum exercise price for Options be reduced, or may any outstanding Option be repriced or replaced without shareholder approval. Without limiting the
foregoing, the Board of Directors or the Committee may make amendments applicable or inapplicable only to employees who are subject to Section 16 of the 1934 Act. 
  
 (b)    No amendment or termination or modification of the Plan shall in any manner affect any Incentive
Award theretofore granted without the consent of the employee, except that the Committee may amend or modify the Plan in a manner that does affect Incentive Awards theretofore granted upon a finding by the Committee that such amendment or
modification is in the best interest of holders of outstanding Incentive Awards affected thereby. 
  
 (c)    Grants of ISOs may be made under this Plan until December 2, 2009 or such earlier date as this Plan is terminated, and grants
of NQSOs and awards of Restricted Stock may be made until all of the shares of Jacobs Common Stock authorized for issuance hereunder (adjusted as provided in Sections 5 and 12) have been issued or until this Plan is terminated, whichever first
occurs. The Plan shall terminate when there are no longer Options outstanding under the Plan, or when there are no longer shares of Restricted Stock outstanding that are subject to Forfeiture Restrictions, unless earlier terminated by the Board or
by the Committee. 
  
 15.    Non-U.S. Employees.

  
 The Committee may determine, in its sole discretion,
whether it is desirable or feasible under local law, custom or practice to grant or award Incentive Awards to Employees in countries other than the United States. In order to facilitate any such grants or awards, the Committee may provide for such
modifications and additional terms and conditions (“special terms”) in the grant and award agreements to Employees who are employed outside the United States (or who are foreign nationals temporarily within the United States) as the
Committee may consider necessary, appropriate or desirable to accommodate differences in, or otherwise comply with, local law, policy or custom or to facilitate administration of the Plan. The Committee may adopt or approve sub- plans, appendices or
supplements to, or amendments, restatements or alternative versions of, the Plan as it may consider necessary, appropriate or desirable for purposes of implementing any special terms or facilitating the grant or award of an Incentive Award, without
thereby affecting the terms of the Plan as in effect for any other purpose. The special terms and any appendices, supplements, amendments, restatements or alternative versions, however, shall not include any provisions that are inconsistent with the
terms of the Plan as then in effect, unless the Plan could have been amended to eliminate such inconsistency without further approval by the Board of Directors of the Company. 
  
 16.    Governing Law. 
  

The Plan shall be governed by and shall construed and enforced in accordance with the laws of the State of Delaware without giving effect to its choice
of law rules. 
  
 17.    Adoption of the Plan.

  
 The Plan shall become effective upon its approval by the
Board of Directors of the Company and a majority of the shares present at a duly called meeting of the shareholders of the Company held within twelve months of approval by the Board. However, Incentive Awards may be granted at any time following the
approval of the Plan by the Board, but no shares may be issued pursuant to any Incentive Awards until the Plan has been approved by the shareholders, and all listing requirements of all securities exchanges on which the Jacobs Common Stock is listed
have been satisfied. 
  

 7 

 SCHEDULE A 
 to the 
 JACOBS ENGINEERING GROUP INC. 
 1999 Stock Incentive Plan 
  

	 Event

	  	 Impact on Vesting

	  	 Impact on Exercise Period

	Employment terminates due to Retirement	  	Unvested Options are forfeited	  	Option expiration date provided in the grant agreement continues to apply
	 	  	 	  	 
	Employment terminates due to Disability or death	  	All Options become immediately vested	  	Option expiration date provided in the grant agreement continues to apply
	 	  	 	  	 
	Employment terminates upon, or within 36 months following, a Change in Control	  	All Options become immediately vested	  	Option expiration date provided in the grant agreement continues to apply
	 	  	 	  	 
	Employment terminates for reasons other than a Change in Control, Disability, Retirement, or death (for purposes of this section, the receipt of severance pay or similar compensation
by the Optionee does not extend his or her termination date)	  	Unvested Options are forfeited	  	Expires on the earlier to occur of (1) the Option expiration date provided in the grant agreement, or (2) three months from the date of termination
	 	  	 	  	 
	Optionee is an employee of a Related Company, and the Company’s investment in the Related Company falls below 20% (this constitutes a termination of employment under the
Plan)	  	Unvested Options are forfeited	  	Expires on the earlier to occur of (1) the Option expiration date provided in the grant agreement, or (2) three months from the date of termination
	 	  	 	  	 
	Employee becomes an employee of an entity in which the Company’s ownership interest is less than 20% (this constitutes a termination of employment under the Plan)	  	Unvested Options are forfeited	  	Expires on the earlier to occur of (1) the Option expiration date provided in the grant agreement, or (2) three months from the date of termination
	 	  	 	  	 
	Employment transferred to a Related Company	  	Vesting continues after transfer	  	Option expiration date provided in the grant agreement continues to apply
	 	  	 	  	 
	Death after termination of employment but before Option has expired	  	Not applicable	  	Right of executor or administrator of estate (or other transferee permitted by Section 9) terminates on the earlier to occur of (1) the Option expiration date provided in the grant
agreement, or (2) the Option expiration date that applied immediately prior to the death of the Optionee

  

 8

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