Document:

DAL 6.30.2013 EX 10.1

EXHIBIT 10.1

TERMS OF 2013 RESTRICTED STOCK AWARD1  

		
	Participants:
	All members of Delta's Board of Directors (the “Board”) who are not employees of Delta (“Non-Employee Directors”).  These directors are:

	
		
	Roy J. Bostock
	Shirley C. Franklin

	John S. Brinzo
	David R. Goode

	Daniel A. Carp
	George N. Mattson

	David G. DeWalt
	Paula Rosput Reynolds

	William H. Easter III
	Kenneth B. Woodrow

	Mickey P. Foret
	 

		
	Type of Award:
	Restricted Stock, as defined and granted under the Delta 2007 Performance Compensation Plan (the “2007 Plan”).

		
	Grant Date:
	June 27, 2013

Number of
		
	Shares:
	The number of shares of Restricted Stock granted to each Non-Employee Director shall equal the result of the following formula:  $115,000 divided by Y, where

Y  =  the closing price of Delta Common Stock, par value $0.0001 per share, on the New York Stock Exchange on the Grant Date.

		
	Partial Shares:
	Any partial shares resulting from the above formula will be ignored and the aggregate shares of Restricted Stock for each Non-Employee Director will be rounded up to the nearest whole ten shares.

 
		
	Vesting:
	Each grant awarded to a Non-Employee Director under the terms of this Exhibit 1 (a “2013 Grant”) will vest (the “Vesting Date”) on the earlier of (1) June 27, 2014 and (2) the date of Delta's 2014 Annual Meeting of Stockholders, subject to such Non-Employee Director's continued service as a member of the Board on the Vesting Date.

Accelerated
		
	Vesting:
	Notwithstanding the forgoing, accelerated vesting will occur prior to the Vesting Date as follows:  individual 2013 Grants shall immediately vest on the date such Non-Employee Director ceases to be a member of the Board due to death or Disability.  For purposes of the 2013 Grant, “Disability” shall mean the Non-Employee Director's inability to perform his or her duties as a member of the Board for a period of 180 or more days as a result of a demonstrable injury or disease.

_______________________________
1 In accordance with these terms, each Non-Employee Director received 6,160 shares of Restricted Stock on June 27, 2013.  This is equal to $115,000 divided by $18.69 (the closing price of Delta Common Stock on the New York Stock Exchange on June 27, 2013), rounded up to the nearest whole ten shares.

		
	Forfeiture:
	Except as expressly set forth above, a Non-Employee Director shall immediately forfeit any unvested Restricted Stock on the date such Non-Employee Director ceases to be a member of the Board for any reason, other than due to death or Disability.

		
	Dividends:
	In the event a cash dividend is paid with respect to shares of Delta Common Stock at a time during which the 2013 Grant is unvested, the Non-Employee Director will be eligible to receive the dividend when the 2013 Grant vests. 

2JEC-6.28.2013-ex10.1

Exhibit 10.1

AMENDMENT NO. 2 TO CONSULTING AGREEMENT

This Amendment No. 2 to the Consulting Agreement between Jacobs Engineering Group Inc. (“Jacobs”) and Noel G. Watson (“Mr. Watson”) dated July 1, 2010 is made effective July 1, 2013.
WHEREAS, the Consulting Agreement provides for a term of one (1) year and is renewable for additional periods by mutual agreement of the parties;  
WHEREAS, Mr. Watson and Jacobs have previously mutually agreed to renew the Consulting Agreement for a two (2) year period from July 1, 2011 to June 30, 2013; and
WHEREAS, Mr. Watson and Jacobs have agreed, once again, to renew the Consulting Agreement for an additional one (1) year period commencing July 1, 2013 thru June 30, 2014.
THEREFORE, in consideration of the valuable promises and the agreements contained herein, it is agreed as follows:
		
	1.
	The Consulting Agreement shall be extended through June 30, 2014.

		
	2.
	All other terms and conditions of the Consulting Agreement shall remain unmodified and in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 effective as of July 1, 2013.

	
			
	Noel G. Watson
	 
	Jacobs Engineering Group Inc.

	/s/ Noel G. Watson
	 
	/s/ Craig L. Martin

	 
	 
	By: Craig L. Martin, President & CEOTyler Employment Agreement ex10.2

Exhibit 10.2

	
			
	 	

	 
	 

155 North Lake Avenue 91101
PO Box 7084
Pasadena, California 91109-7084
1.626.578.3500    Fax 1.626.568.7144

May 28, 2013

Michael R. Tyler
570 Mount Holyoke Avenue
Pacific Palisades, California  90272

Dear Michael:

We are pleased to confirm our offer to you to join Jacobs as Senior Vice President, General Counsel.  You will report directly to John Prosser, Executive Vice President Finance and Administration, with regard to job assignments and responsibilities. Such employment is conditional upon your acceptance of the terms and conditions outlined in this letter and the attached Employee Acceptance Statement. We believe that this is an outstanding opportunity for you to become a part of the Jacobs team, and we are confident that your experience will contribute to our success.
Your effective date of hire will be on a mutually agreeable date on or around June 24, 2013, at a bi-weekly rate of $16,538.46 for an annual starting salary of $430,000.  You will be scheduled for a performance evaluation and be eligible for salary increase consideration annually.  Compensation increases are based on individual merit and meeting specific performance targets.  The position is classified as exempt with no eligibility for overtime.  

In addition to base salary, your offer includes the following:

		
	•
	You will be eligible for participation in Jacobs' Incentive Bonus Plan, Formula Level 4 (at a current target of 84% of base salary), subject to performance and other requirements as described in the terms and conditions of the plan. For the first fiscal year (fiscal year 2013), you will be paid two-thirds of the prorated amount awarded with the balance deferred to the following year.  In subsequent years, the awarded bonus will be paid over three years in equal parts as provided for in the Plan.

		
	•
	A Sign On bonus of $120,000 (subject to applicable taxes & withholdings). The first payment of $75,000 will be added to your Formula Bonus payment in December 2013 and the final payment of $45,000 will be added to your Formula Bonus in December 2014.  If you voluntarily separate from Jacobs or are discharged for cause prior to June 1, 2014, you are responsible for reimbursing Jacobs the amount of this Sign On bonus.

		
	•
	A grant of 5,000 shares of Jacobs' restricted stock that will vest five years from the date of award.  Specific details of this grant will be forwarded to you under separate cover after your employment date.  

		
	•
	In addition, you will be eligible for future equity compensation commensurate with that granted to Senior Vice President and Group Vice Presidents each May, beginning in May 2013.  All such equity awards are subject to and in accordance with the terms and conditions of the 1999 Jacobs Engineering Group Inc. Stock Incentive Plan, and subject to approval of Jacobs' Human Resource and Compensation Committee of the Board of Directors. The proposed award for 2013 is 12,000 options, 4,000 performance stock units based on net income, and 4,000 relative TSR for three year period.

		
	•
	Accruing time off at a rate of 25 days (200 hours) per calendar year (in addition to the six US company paid holidays). All other conditions of the Jacobs Paid Time Off (PTO) policy will remain in effect.

1

Exhibit 10.2

		
	•
	Eligibility for the Jacobs' Executive Deferral Plan for deferral of compensation, subject to requirements as described in the terms and conditions of the plan.

		
	•
	Eligibility for relocation assistance to move your home goods from your apartment in San Jose to Southern California. If this assistance is a taxable event for you, you will be responsible to cover the necessary taxes.

		
	•
	In the event your employment is involuntarily terminated within 24 months of your hire date for any reason other than for cause, the Company agrees to pay you a lump sum severance payment in the amount of one year's salary plus any awarded but unpaid bonus.  This severance payment, if applicable, would be contingent on signing a standard full and unconditional waiver and release as well as a one-year non-compete clause.  Nothing is intended to alter the at-will employment arrangement.

Benefits are effective the first of the month following or coincident with your date of hire. You will be eligible to participate in our benefits program, which is described in the enclosed Benefits brochure.  Should you have additional questions regarding benefits, please contact the Jacobs Employee Solution & Information Center (JESI) at 800-957-5374.

Michael, we are very pleased at the prospect of you joining us and becoming a member of our Jacobs management team. Please review the enclosed Employee Acceptance Statement, which notes our conditions of employment and your rights and responsibilities.  Information regarding our background screening program is also included in this package.  Kindly signify acceptance of this offer and by signing and returning this letter along with the Employee Acceptance Statement to me at Lori.Sundberg@Jacobs.com.  

Sincerely,

On behalf of JACOBS,

	
	
	/s/ Lori S. Sundberg

	Lori S. Sundberg

	Senior Vice President

	Global Human Resources

Enclosures

I hereby accept the terms and conditions of this Letter of Offer:

	
					
	/s/ Michael R. Tyler
	 
	 
	 
	Date: May 29, 2013

	Michael R. Tyler
	 
	 
	 
	 

cc:    Susan G. Bilhorn, Global Talent Management 
John Prosser, EVP Finance and Administration
Steve Barder, Director Human Resources
Jacobs Employee Solutions & Information Center (JESI)                
                            

2

Exhibit 10.2

EMPLOYEE ACCEPTANCE STATEMENT

The following information addresses Jacobs' employment requirements and your rights and responsibilities.  Jacobs is an employer at will; wherein, either party may conclude the employment relationship at any time.

Equal Employment Opportunity
Jacobs provides a workplace free of discrimination and harassment.  Our Equal Employment Opportunity and Affirmative Action Programs promote equality in the design and administration of personnel actions, such as recruitment, compensation, benefits, transfers and promotions, training, and social and recreational programs.  These activities shall be administered equitably without regard to race, color, religion, gender, age, national origin, disability, veteran status, or any other characteristic protected by law.  Any employee with questions or concerns about any type of discrimination in the workplace is encouraged to bring these issues to the attention of his/her immediate supervisor, the Human Resources Department, the Compliance Officer and/or the Integrity Hotline.  Employees can raise concerns and make reports without fear of reprisal.  Anyone found to be engaging in any type of unlawful discrimination will be subject to disciplinary action up to and including termination of employment.

References 
Employment is conditional upon completion of an Application of Employment.  Employment is also conditional upon satisfactory reference checks and/or background screening, as appropriate.  You authorize any and all persons, schools, companies, and other organizations to supply Jacobs with any information they have concerning you as it relates to employment eligibility and qualifications and release them from liability with respect thereto.  You agree that if Jacobs finds any misrepresentation or is dissatisfied with the results of any portion of this review, any offer of employment may be withdrawn or employment terminated.

Employment Eligibility
As a requirement of the U.S. Immigration Reform and Control Act of 1986, all employees hired to work in the United States must show evidence of employment eligibility and identity.  Employment is conditional upon your ability to verify your eligibility for employment with Jacobs in the United States.  Enclosed is a list of acceptable documents for I-9 purposes.  Please be prepared to comply with this requirement within three (3) business days of starting work by presenting either one document from List A OR one document each from List B and List C.  Should you require information regarding immigration questions, please contact me to discuss our procedures.

Drug-Free Workplace
You understand that in accordance with Jacobs' policy, employment is conditional upon you passing a pre-employment drug screen. Nicole Lovell in Human Resources, at 512.732.7520, will contact you and assist in arranging for your drug screen.    
Confidentiality and Business Conduct
As a further condition of employment, on your first day of employment, you will be asked to read and sign a Confidentiality Agreement, read the Jacobs Corporate Policy concerning Business Conduct, and sign a Statement of Understanding and Compliance.  

I hereby accept these terms and conditions of employment:

	
					
	/s/ Michael R. Tyler
	 
	 
	 
	Date: May 29, 2013

	Michael R. Tyler
	 
	 
	 
	 

3

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