Document:

exv10w41

 

EXHIBIT 10.41

URS Corporation

Restricted Stock Award

Grant Notice

(1999 Equity Incentive Plan)

URS Corporation (the “Company”), pursuant to its 1999 Incentive Equity Plan (the “Plan”), hereby
grants to Participant the right to receive the number of shares of the Company’s Common Stock set
forth below (“Award”). This Award is subject to all of the terms and conditions as set forth
herein and in the Restricted Stock Award Agreement and the Plan, each of which are attached hereto
and incorporated herein in their entirety.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Participant:
	 	 	 	 	 	 
	 	 	 	 	 
	Date of Grant:
	 	 	 	 	 	 
	 	 	 	 	 
	Vesting Commencement Date:
	 	 	 	 	 	 
	 	 	 	 	 
	Number of Shares Subject to Award:
	 	 	 	 	 	 
	 	 	 	 	 
	Participant’s Social Security Number:
	 	 	 	 	 	 
	 	 	 	 	 
	Fair Market Value Per Share:

	$ 	 		 	 	 
	 	 	 	 	 

	 	 	 
	Vesting Schedule:

	 	25%  of the shares vest on the first anniversary of the Vesting Commencement Date.
	 

	 	25%  of the shares vest on the second anniversary of the Vesting Commencement Date.
	 

	 	25%  of the shares vest on the third anniversary of the Vesting Commencement Date.
	 

	 	25%  of the shares vest on the fourth anniversary of the Vesting Commencement Date.

Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and
understands and agrees to, this Grant Notice, the Restricted Stock Award Agreement and the Plan.
Participant further acknowledges that this Grant Notice, the Restricted Stock Award Agreement and
the Plan set forth the entire understanding between Participant and the Company regarding the award
of Common Stock in the Company and supersede all prior oral and written agreements on that subject
with the exception of awards previously granted and delivered to Participant under the Plan.

	 	 	 	 	 	 	 	 	 	 	 
	URS Corporation	 	 	 	Participant:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

Attachments: Restricted Stock Award Agreement and 1999 Incentive Equity Plan

 

 

Attachment I

RESTRICTED STOCK AWARD AGREEMENT

 

 

URS Corporation

1999 Incentive Equity Plan

Restricted Stock Award Agreement 

     Pursuant to the Restricted Stock Award Grant Notice (“Grant Notice”) and this Restricted Stock
Award Agreement (collectively, the “Award”) and in consideration of your past services, URS
Corporation (the “Company”) has awarded you a restricted stock award under its 1999 Incentive
Equity Plan (the “Plan”) for the number of shares of the Company’s Common Stock subject to the
Award indicated in the Grant Notice. Except where indicated otherwise, defined terms not
explicitly defined in this Restricted Stock Award Agreement but defined in the Plan shall have the
same definitions as in the Plan.

     The details of your Award are as follows:

     1. Vesting. Subject to the limitations contained herein, your Award shall
vest as provided in your Grant Notice, provided that vesting shall cease upon the termination of
your Continuous Service. Notwithstanding the foregoing, your Award shall become vested in its
entirety in the circumstances provided in Section 12(c) of the Plan. The shares subject to your
Award will be held by the Company until your interest in such shares vests. As each portion of
your interest in the shares vests, the Company shall issue you a stock certificate covering such
vested shares.

     2. Number of Shares. The number of shares subject to your Award may be
adjusted from time to time for Capitalization Adjustments, as provided in the Plan.

     3. Payment. This Award was granted in consideration of your past services
to the Company and its Affiliates. Subject to Section 10 below, you will not be required to make
any payment to the Company with respect to your receipt of the Award or the vesting thereof.

     4. Securities Law Compliance. You will not be issued any shares of Common
Stock under your Award unless either (a) such shares are then registered under the Securities Act
or (b) the Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act. Your Award must also comply with other applicable laws and
regulations governing the Award, and you will not receive such shares if the Company determines
that such receipt would not be in material compliance with such laws and regulations.

     5. Transfer Restrictions. Prior to the time that they have vested, you may
not transfer, pledge, sell or otherwise dispose of the shares of Common Stock subject to the Award.
For example, you may not use shares subject to the Award that have not vested as security for a
loan. This restriction on the transfer of shares will lapse with respect to vested shares when
such shares vest. Notwithstanding the foregoing, you may, by delivering written notice to the
Company, in a form satisfactory to the Company, designate a third party who, in the event of your
death, shall thereafter be entitled to receive vested shares as of the date of your death.

     6. Termination of Continuous Service.

          (a) Subject to Section 1 hereof, in the event your Continuous Service terminates for
reasons other than your death or Disability, you will be credited with the vesting that has accrued
under your Award as of the date of your termination of Continuous Service. Subject to Section 1
hereof, (i) you will accrue no additional vesting of your Award following your termination of
Continuous Service, and (ii) to the extent your Award is not vested on the date of your
termination, it shall automatically lapse on such date.

          (b) In the event your Continuous Service terminates due to your death, the Award
automatically shall become vested in full as of the date of your death and your rights under the
Award shall pass by will or the laws of descent and distribution; provided, however, that you may
designate a beneficiary to receive your vested shares as set forth in Section 5 hereof.

 1.

 

          (c) In the event your Continuous Service terminates due to your Disability, the
Award automatically shall become vested in full as of the date of your termination of Continuous
Service.

     7. Restrictive Legends. The shares issued under your Award shall be
endorsed with appropriate legends determined by the Company as applicable.

     8. Rights as a Stockholder. You shall exercise all rights and privileges
of a stockholder of the Company with respect to the shares subject to your Award. You shall be
deemed to be the holder of the shares for purposes of receiving any dividends which may be paid
with respect to such shares and for purposes of exercising any voting rights relating to such
shares, even if some or all of such shares have not yet vested.

     9. Award not a Service Contract. Your Award is not an employment or
service contract, and nothing in your Award shall be deemed to create in any way whatsoever any
obligation on your part to continue in the employ of the Company or any Affiliate thereof, or on
the part of the Company or any Affiliate thereof to continue your employment or service. In
addition, nothing in your Award shall obligate the Company or any Affiliate thereof, their
respective stockholders, boards of directors, officers or employees to continue any relationship
that you might have as a director or consultant for the Company or any Affiliate thereof.

     10. Withholding Obligations.

          (a) At the time your Award is made, or at any time thereafter as requested by the
Company, you hereby authorize withholding from payroll and any other amounts payable to you, and
otherwise agree to make adequate provision for any sums required to satisfy the federal, state,
local and foreign tax withholding obligations of the Company or any Affiliate thereof, if any,
which arise in connection with your Award. Such withholding obligations may be satisfied by your
relinquishment of your right to receive a portion of the shares otherwise issuable to you pursuant
to the Award; provided, however, that you shall not be authorized to relinquish your right to
shares with a fair market value in excess of the amount required to satisfy the minimum amount of
tax required to be withheld by law.

          (b) Unless the tax withholding obligations of the Company and/or any Affiliate
thereof are satisfied, the Company shall have no obligation to issue a certificate for such shares
or release such shares from any escrow provided for herein.

     11. Tax Consequences. The acquisition and vesting of the shares may have
adverse tax consequences to you that may be mitigated by filing an election under Section 83(b) of
the Code. Such election must be filed within thirty (30) days after the date of the grant of your
Award. YOU ACKNOWLEDGE THAT IT IS YOUR OWN RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY
ELECTION UNDER CODE SECTION 83(B), EVEN IF YOU REQUEST THE COMPANY TO MAKE THE FILING ON YOUR
BEHALF.

     12. Notices. Any notices provided for in your Award or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the case of notices
delivered by the Company to you, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at the last address you provided to the Company.

     13. Miscellaneous.

          (a)  The rights and obligations of the Company under your Award shall be
transferable to any one or more persons or entities, and all covenants and agreements hereunder
shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. Your
rights and obligations under your Award may only be assigned with the prior written consent of the
Company.

 2.

 

          (b) You agree upon request to execute any further documents or instruments necessary
or desirable in the sole determination of the Company to carry out the purposes or intent of your
Award.

          (c) You acknowledge and agree that you have reviewed your Award in its entirety,
have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award
and fully understand all provisions of your Award.

     14. Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject
to all interpretations, amendments, rules and regulations which may from time to time be
promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions
of your Award and those of the Plan, the provisions of the Plan shall control.

 3.

 

Attachment II

1999 INCENTIVE EQUITY PLANEX-10(XVI)

 

EXHIBIT 10(xvi)

Summary of Bonus Plan

     Camco Financial Corporation (“Camco”) maintains both a short-term cash bonus plan and a
long-term stock-based incentive plan. Bonus and incentive plan awards for executive officers of
Camco and its subsidiaries are based on the achievement of corporate performance objectives which
are established annually by Camco’s Compensation Committee at the beginning of each year.
Currently, the performance objectives consist of objectives for: net income growth and its related
effect upon earnings per share; stock price appreciation; non-interest income; net interest margin
growth; efficiency ratio; deposit growth, emphasizing checking account growth; and loan growth.
The individual objectives are then weighted as to value each year, with net income generally having
the highest weighting, demonstrating earnings per share as one of the most important goals for
management and the Board of Directors.

     Currently, the cash bonus amounts range from 0% to 50% of the Chief Executive Officer’s base
salary and 0% to 35% of other executive officers’ base salaries, subject to the percentage of
performance measurements achieved. Additional discretionary bonus amounts may also be awarded
under the cash bonus plan in recognition of other achievements, such as merger and acquisition
activities, which are not part of the established performance objectives.

     The long-term incentive plan provides for the award of stock options of varying levels for
each of the executive officers, ranging in amount from 0% to a maximum of between 100% and 200% of
the officer’s base salary, subject to the percentage of performance measurements achieved. Options
are issued at market prices, have a term of ten years, and typically vest at a rate of 20% each
year beginning on the grant date, except that the Chief Executive Officer’s options vest
immediately. This element of the executive compensation program is designed to align the interests
of the executive with corporate stockholder objectives since the price performance of Camco’s
common stock directly affects the value of these long-term awards.

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