Document:

Exhibit 4.2

 

TEXTRON INC.

 

OFFICERS’ CERTIFICATE

Pursuant to Section 3.1 of the Indenture

 

Textron Inc., a Delaware corporation (“Textron”),
hereby certifies, through its Vice President – Investor Relations and Treasurer, Eric Salander, and its Assistant Secretary,
Ann T. Willaman, pursuant to Section 3.1 of the Indenture dated as of September 10, 1999, between Textron and The Bank of New York
Mellon Trust Company, N.A. (successor trustee to The Bank of New York), as Trustee (the “Indenture”), as follows:

 

		1.	Pursuant to authority delegated by Textron’s Board of Directors on July 27, 2020 to the Chief Executive Officer and Chief
Financial Officer of Textron and the written action of Frank T. Connor, Executive Vice President and Chief Financial Officer of
Textron, dated as of August 3, 2020, Textron has created a series of senior debt securities of Textron, designated as the 2.450%
Notes due March 15, 2031 (the “Notes”), to be issued under the Indenture, and authorized the sale of up to $500,000,000
aggregate principal amount of the Notes.

 

		2.	The terms of the Notes as authorized and determined by written action of Frank T. Connor, Executive Vice President and Chief
Financial Officer of Textron, dated August 3, 2020, are as follows:

 

		(1)	The title of the Notes shall be 2.450% Notes due March 15, 2031 (CUSIP: 883203 CC3).

 

		(2)	The Notes shall be issued under the Indenture.

 

		(3)	The principal of the Notes shall be payable on March 15, 2031 in United States dollars.

 

		(4)	The Notes shall bear interest at an annual rate of 2.450% from August 5, 2020, payable semiannually in arrears on March 15
and September 15 of each year, commencing March 15, 2021 until the principal of the Notes is paid or made available for payment.
The interest payable on the Notes shall be paid to the persons in whose name the Notes are registered at the close of business
on March 1 or September 1 (whether or not a Business Day) next preceding such March 15 or September 15, respectively. Interest
on the Notes shall accrue from August 5, 2020. Principal and interest shall be paid in United States dollars.

 

		(5)	The Notes shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof in United States dollars.

 

		(6)	Payment of the principal of and interest on the Notes shall be made at the corporate trust office of the Trustee in the
                                                             Borough of Manhattan, The City of New York, New York, presently located at 240 Greenwich St., New York, New York, 10286;
                                                             provided that, at the option of Textron, payment of interest with respect to the Notes may be made by check mailed to the
                                                             address of the person entitled thereto as such address shall appear in the register for the Notes.

 

    

     

    

 

		(7)	The Notes shall be redeemable, at the option of Textron, in whole or in part on any date prior to the maturity date therefor
established in paragraph (3) hereof (the “Redemption Date”), at the Redemption Price (as defined herein), plus accrued
and unpaid interest on such Notes up to, but not including, such Redemption Date. For all purposes hereof:

 

“Adjusted Treasury Rate” means, with respect
to the redemption of Notes on a Redemption Date, the annual rate equal to the semi-annual equivalent yield to maturity or interpolated
(on a day count basis) of the Comparable Treasury Issue for the Notes, assuming a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to such Comparable Treasury Price for such Redemption Date.

 

“Comparable Treasury Issue” means, with
respect to the redemption of Notes on a Redemption Date, the United States Treasury security selected by the Quotation Agent as
having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose,
that the Notes matured on the Par Call Date) that would be used, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities having such comparable maturity.

 

“Comparable Treasury Price” means, with
respect to the redemption of the Notes on a Redemption Date:

 

		(a)	the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such
Reference Treasury Dealer Quotations or

 

		(b)	if Textron obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer
Quotations.

 

“Par Call Date”
means December 15, 2030.

 

“Primary Treasury Dealer” means a primary
U.S. Government securities dealer in New York City.

 

“Quotation Agent” means the Reference
Treasury Dealer appointed by Textron.

 

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“Redemption Price” means (a) with
respect to the redemption of the Notes at any time prior to the Par Call Date, the greater of: (A) 100% of the principal
amount of Notes to be redeemed and (B) as determined by the Quotation Agent, the sum of the present values of the remaining
scheduled payments of principal of such Notes and interest on such Notes that would be due if such Notes matured on the Par
Call Date but for such redemption (not including any portion of such interest payments accrued as of such Redemption Date)
discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Adjusted Treasury Rate for such Notes plus 30 basis points, and (b) with respect to the
redemption of the Notes at any time on or after the Par Call Date and prior to the maturity date therefor, 100% of the
principal amount of the Notes to be redeemed.

 

“Reference Treasury Dealer”
means each of (a) Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and a Primary Treasury Dealer selected by SMBC Nikko
Securities America, Inc. and their successors, provided that if any of the foregoing ceases to be a Primary Treasury Dealer, Textron
shall substitute another Primary Treasury Dealer and (b) any other Primary Treasury Dealers selected by Textron.

 

“Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and the redemption of Notes on a Redemption Date, the average,
as determined by Textron, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) which such Reference Treasury Dealer quotes in writing to Textron at 5:00 p.m., New York City time, on
the third Business Day before such Redemption Date.

 

		(8)	The notice of redemption of the Notes may summarize the method by which the Redemption Price will be determined rather than
state the actual dollar amount.

 

		(9)	Upon the occurrence of a Change of Control Triggering Event (as defined herein), unless Textron has exercised its right to
redeem the Notes pursuant to paragraph (7) hereof, each Holder of the Notes will have the right to require Textron to repurchase
all or any part (equal to $1,000 or an integral multiple of $1,000
in excess thereof) of such Holder’s Notes as provided herein (the “Change of Control Offer”) at a purchase price
equal to 101% of the aggregate principal amount of such Notes plus accrued and unpaid interest, if any, on such Notes to the date
of purchase (the “Change of Control Payment”).

 

Within 30 days following any Change of Control
Triggering Event, Textron shall send, by first class mail, a notice to each Holder of the Notes, with a written copy to the Trustee,
which notice shall govern the terms of the Change of Control Offer. Such notice shall state:

 

		(i)	a description of the transaction or transactions that constitute such Change of Control Triggering Event;

 

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		(ii)	that the Change of Control Offer is being made pursuant to this paragraph (9) and that all Notes validly tendered will be accepted
for payment;

 

		(iii)	the Change of Control Payment and the date of the making thereof (the “Change of Control Payment Date”), which
shall be a Business Day that is no earlier than 30 days nor later than 60 days from the date such notice is mailed, other than
as may be required by law;

 

		(iv)	that any Note not tendered will continue to accrue interest;

 

		(v)	that any Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest on and after the
Change of Control Payment Date unless Textron shall default in the Change of Control Payment and the only remaining right of the
Holder thereof is to receive the Change of Control Payment upon surrender of such Note to the Paying Agent;

 

		(vi)	that Holders of Notes electing to have a portion of a Note purchased pursuant to a Change of Control Offer may only elect to
have such Note purchased in a principal amount of $1,000 or integral multiples of $1,000 in excess thereof;

 

		(vii)	that if a Holder of Notes elects to have its Notes purchased pursuant to the Change of Control Offer it will be required to
surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed,
or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on
the third Business Day prior to the Change of Control Payment Date;

 

		(viii)	that a Holder of Notes will be entitled to withdraw its election if Textron receives, not later than the third Business Day
preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Notes such Holder delivered for purchase, and a statement that such Holder is withdrawing its election
to have such Notes purchased; and

 

		(ix)	that if Notes are purchased only in part a new Note of the same type will be issued in a principal amount equal to the unpurchased
portion of the Notes surrendered.

 

    4

     

    

 

On the Change of Control Payment Date, Textron
shall, to the extent lawful, (i) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of
Control Offer, (ii) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all
Notes or portions thereof properly tendered and (iii) deliver or cause to be delivered to the Trustee for cancellation
the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or
portions thereof being purchased by Textron. The Paying Agent shall promptly send to each Holder of Notes properly tendered
the Change of Control Payment for such Notes, and the Trustee, upon receipt of an order from Textron, shall promptly
authenticate and mail (or cause to be transferred by book entry) to such Holder a new Note equal in principal amount to any
unpurchased portion of the Notes surrendered by such Holder, if any, in denominations as set forth in the Indenture. Textron
shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Notes as a result of a
Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with
this paragraph (9), Textron will comply with the applicable securities laws and regulations and will not be deemed to have
breached its obligations under this paragraph (9) by virtue of such conflict.

 

For all purposes hereof:

 

“Below Investment Grade Rating Event ”
means the ratings on the Notes are lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating
by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of
Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period
shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of
the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction
in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below
Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event hereunder) if the Rating Agencies
making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the
Trustee or Textron in writing at the Trustee’s or Textron’s request that the reduction was the result, in whole or
in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control
(whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).

 

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“Capital Stock” of any Person means any
and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interests in (however
designated) equity of such Person, including any preferred stock and limited liability or partnership interests (whether general
or limited), but excluding any debt securities convertible into such equity.

 

“Change of Control” means the occurrence
of any of the following:

 

(a) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions,
of all or substantially all of Textron’s properties or assets and of Textron’s subsidiaries’ properties or assets
taken as a whole to any Person or group of related “persons” (as that term is used in Section 13(d)(3) of the Exchange
Act) (a “Group”) other than Textron or one of Textron’s subsidiaries;

 

(b) the adoption of a plan relating
to liquidation or dissolution of Textron;

 

(c) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial
owner, directly or indirectly, of more than 50% of the then outstanding number of shares of Textron’s Voting Stock; or

 

(d) the first day on which a
majority of the members of Textron’s Board of Directors are not Continuing Directors.

 

Notwithstanding the foregoing, a transaction will
not be considered to be a Change of Control if (1) Textron becomes a direct or indirect wholly owned subsidiary of a holding
company and (2) immediately following that transaction, (A) the direct or indirect holders of the Voting Stock of the holding
company are substantially the same as the holders of Textron’s Voting Stock immediately prior to that transaction or (B) no
Person or Group is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

 

“Change of Control Triggering Event” means
the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

 

“Continuing Director” means, as of any
date of determination, any member of Textron’s Board of Directors who (1) was a member of Textron’s Board of Directors
on the date of the issuance of the Notes or (2) was nominated for election, elected or appointed to Textron’s Board of Directors
with the approval of a majority of the Continuing Directors who were members of Textron’s Board of Directors at the time
of such nomination, election or appointment.

 

    6

     

    

 

“Investment Grade Rating” means a rating
equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P.

 

“Moody’s” means Moody’s Investors
Service, Inc., and its successors.

 

“Person” means any individual, corporation,
partnership, joint venture, association, joint stock company, trust, unincorporated organization, limited liability company, government
or any agency or political subdivision thereof or any other entity, and includes a “person” as used in Section 13(d)(3)
of the Exchange Act.

 

“Rating Agencies” means (1) each of Moody’s
and S&P and (2) if either of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes of that
publicly available for reasons outside of Textron’s control, a “nationally recognized statistical rating organization”
within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by Textron (as certified by a resolution of Textron’s
Board of Directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be.

 

“S&P” means S&P Global Ratings
(acting through Standard & Poor’s Financial Services LLC), a division of S&P Global Inc., and its successors.

 

“Voting Stock” of a Person means all classes
of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors, managers or trustees,
as applicable.

 

		(10)	The Notes shall not be subject to any optional or mandatory sinking fund.

 

		(11)	The Notes shall be issued only in registered form without coupons.

 

		(12)	The Notes shall be issuable in definitive form as prescribed by the Indenture.

 

		(13)	The Notes shall be represented by one or more Global Securities in the form attached as Exhibit A.

 

		(14)	Textron will not pay additional amounts on the Notes held by a Person who is not a United States Person in respect of any tax,
assessment or governmental charge withheld or deducted.

 

		(15)	Without notice to or consent of any Holder of Notes, Textron may, from time to time and at any time, issue and sell additional
Notes with the same applicable terms and conditions as set forth above (or the same applicable terms and conditions except for
the payment of interest accruing prior to the issue date of the additional Notes or except for the first payment of interest following
the issue date of the additional Notes).

 

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		(16)	The Trustee shall be the registrar and transfer agent for the Notes and the paying agent of Textron for the payment of the
principal of and interest on the Notes; the Trustee shall authenticate the Notes in accordance with the Company Order relating
thereto; and the register for the Notes shall be kept, and notices and demands to or upon Textron in respect of the Notes and the
Indenture may be served, at the corporate trust office of the Trustee in the Borough of Manhattan, The City of New York, New York.

 

Textron agrees (i) upon written request of
the Trustee to provide the Trustee with such reasonable information as it has in its possession to enable the Trustee to determine
whether any payments pursuant to the Indenture are subject to the withholding requirements described in Section 1471(b) of the
US Internal Revenue Code of 1986 (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the Code
and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”), and (ii) that
the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to
comply with Applicable Law, for which the Trustee shall not have any liability.

 

Terms capitalized herein and not otherwise
defined shall have the meanings assigned to them in the Indenture.

 

    8

     

    

 

IN WITNESS WHEREOF, Textron Inc., through
the undersigned officers, signed this certificate and affixed the corporate seal of Textron Inc.

 

Dated: August 5, 2020

 

	 	TEXTRON INC.
	 	 
	 	By:	/s/ Eric Salander
	 	Name:	Eric Salander
	 	Title:	Vice President – Investor Relations
    and Treasurer
	 	 
	 	By:	/s/ Ann T. Willaman
	 	Name:	Ann T. Willaman
	 	Title:	Assistant Secretary

 

[Signature Page
to Officers’ Certificate pursuant to Section 3.1 of the Indenture]

 

    

     

    

 

Exhibit A

 

[included in Exhibit 4.1]​

Exhibit 10.1
​
	​

	​

	​
	AECOM

	
	1999 Avenue of the Stars
Suite 2600

	​
	Los Angeles, CA 90067 

	​
	www.aecom.com

​
June 13, 2020
​
W. Troy Rudd
1999 Avenue of the Stars
Suite 2600
Los Angeles, CA 90067 
​
Dear Troy:
​
I am pleased to offer you the position of Chief Executive Officer of AECOM (“AECOM” or the “Company”) effective as of October 1, 2020 or such earlier date as the current Chief Executive Officer, Mike Burke, ceases serving in such position (such date, the “Succession Date”), subject to your continued employment with the Company through the Succession Date. From and after the Succession Date, you will report directly to the Board of Directors of the Company (the “Board”). Your promotion to Chief Executive Officer is conditioned upon your acceptance of the terms and conditions outlined in this letter (this “Letter”).
​
Until the Succession Date, you will continue in your current role of Executive Vice President, Chief Financial Officer of the Company, reporting to Mr. Burke, with compensation and benefits on the same terms and conditions as apply to you as of the date hereof.
​
With respect to your service as Chief Executive Officer of the Company from and after the Succession Date, you will receive the compensation and benefits set forth below.
​
		·
	A base salary of $1,000,000 per year (the “Base Salary”), subject to temporary salary reductions consistent with any policy or similar actions as applicable to executive officers of the Company generally. Your Base Salary will be reviewed annually by the Compensation and Organization Committee of the Board (the “Compensation Committee”), and as used in this Letter, references to Base Salary mean annual base salary as in effect from time to time.

​
		·
	Participation in the AECOM Executive Incentive Plan as in effect from time to time, with a 2021 fiscal year target award opportunity equal to 125% of Base Salary (the “Target Incentive Award”). Your annual incentive award will be determined by the Compensation Committee subject to the achievement of performance goals and the terms of the plan.

​
		·
	An annual long-term equity incentive award (the “LTI Award”) under the terms of the Company’s equity incentive plan as in effect from time to time and any applicable award agreements. The 2021 fiscal year LTI Award opportunity will have a target grant date fair value (as determined consistent with the Company’s practices) equal to $4,750,000 (the “Target LTI Award”). The 2021 fiscal year LTI Award will be a mix of restricted stock units in respect of Company common stock (“RSUs”) and performance earnings program units in respect of Company common stock (“PEPs”), as determined by the Compensation Committee and consistent with other senior executives. The RSUs will

​
​

​

​

be granted on the Succession Date and will vest on the third anniversary of the date of grant. The PEPs will be granted on the date that PEPs with respect to the Company’s 2021 fiscal year are granted to other executive officers of the Company (currently expected to occur in December of 2020) or such earlier date as determined by the Compensation Committee, and the terms and performance conditions of such PEPs will be determined by the Compensation Committee in the ordinary course. The commitment to grant you the LTI Award for the 2021 fiscal year is an obligation of the Company, and the 2021 LTI Award will be made subject to your continued employment on the Succession Date with respect to the RSU portion and the grant date in December of 2020 (or such earlier date of grant as determined by the Compensation Committee) with respect to the PEPs portion.  The grant date and the terms and conditions of the LTI Award for future fiscal years, including the mix of awards, vesting terms and performance conditions, will be determined by the Compensation Committee.
​
		·
	On the Succession Date, you will be granted a performance vesting non-qualified stock option to acquire shares of Company common stock with a grant date fair value (as determined consistent with the Company’s practices) equal to $3,000,000 (the “Performance Option”). The Performance Option will be granted under the AECOM 2020 Stock Incentive Plan (the “2020 Plan”) pursuant to an award agreement evidencing such grant with terms and conditions consistent with those described herein. The Performance Option will have an exercise price per share equal to the closing stock price (as reported by the New York Stock Exchange) of the Company’s common stock on the date of grant (the “Exercise Price”). The Performance Option will have both a service vesting requirement and a stock price performance vesting requirement, with the service vesting requirement to be satisfied with respect to 20% of the award on each of the first, second, third, fourth and fifth anniversaries of the date of grant (each anniversary, a “Service Vesting Date”) subject to your continued employment through the applicable Service Vesting Date. The stock price performance vesting requirement will be satisfied with respect to the percentage of the Performance Option set forth in the table below, if the volume-weighted average prices of the Company’s common stock during a twenty (20)-consecutive trading day period (following the date of grant and prior to the fifth anniversary thereof) equals or exceeds the applicable target stock price set forth in the table below.

​
	​

	​

	Target Stock Price
	Percentage

	Exercise Price plus 20%
	20%

	Exercise Price plus 40%
	40%

	Exercise Price plus 60%
	60%

	Exercise Price plus 80%
	80%

	Exercise Price plus 100%
	100%

​
The service vesting requirement will be deemed satisfied if, after the Succession Date, your employment terminates due to your death, “disability” (as defined below) or your retirement with the approval of the Board. In addition, the equity award vesting provisions under Company’s Change in Control Severance Policy for Key Executives (the “CIC Severance Policy”) and the Company’s Senior Leadership Severance Plan (the “Pre-CIC Severance Plan”) will apply to the Performance Option with respect to the service vesting requirement. Notwithstanding the foregoing, to the extent the stock price performance goals are not achieved prior to the fifth anniversary of the date of grant or the date your employment terminates for any reason, the unvested portion of
​

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the Performance Option will be forfeited for no consideration, without regard to the satisfaction (or deemed satisfaction) of the service vesting requirement.
​
Any vested portion of the Performance Option will expire on the seventh anniversary of the date of grant; provided that, if your employment terminates prior to the seventh anniversary of the date of grant, any vested portion of the Performance Option will expire (and no longer be exercisable) on the earlier of the seventh anniversary of the date of grant and (1) the first anniversary of the date of termination due to your death or “disability” or (2) the date that is ninety (90) days after the date of termination in the case of your resignation for any reason or a termination by the Company without “cause” (as defined below). The Performance Option, whether or not vested, will be forfeited immediately for no consideration upon a termination by the Company for “cause”.
​
		·
	Eligibility to participate in the Company’s employee benefit plans as in effect from time to time that are available to other executive officers of the Company, including the CIC Severance Policy (with a two (2) times severance multiple) and the Pre-CIC Severance Plan, in each case, as in effect from time to time (and, with respect to the Pre-CIC Severance Plan, except as provided in the following sentence). Notwithstanding the terms of the Pre-CIC Severance Plan, if prior to or on or after the Succession Date, your employment is terminated by the Company other than for “cause” (and not due to your death or “disability”) or you terminate your employment with the Company as a result of a material breach of this Letter by the Company (which is not cured within thirty (30) days after you have delivered prompt (not more than thirty (30) days from the event giving rise to the breach) written notice to the Company), you will be entitled to the severance payments and benefits provided under the Pre-CIC Severance Plan (subject to the delivery and non-revocation of a Separation and Release Agreement as contemplated thereunder), with the following modifications: (1) your lump sum cash severance benefit will equal two (2) times (not one (1) times) your annual Base Salary; and (2) your lump sum payment in respect of healthcare premiums will be multiplied by 24 (not 12).

​
		·
	Your employment is conditioned on your agreement to and compliance with the covenants and obligations set forth in the Addendum, which is part of this Letter as if set forth herein and will be binding on you and enforceable by the Company. References to this Letter will include the Addendum.

​
		·
	“Cause” in this Letter means: (1) the commission of an act of fraud or theft against the Company; (2) conviction (including a guilty plea or plea of nolo contendere) for any felony; (3) conviction (including a guilty plea or plea of nolo contendere) for any misdemeanor involving moral turpitude which might, in the Company's opinion, cause embarrassment to the Company; (4) significant violation of any material Company policy; (5) willful or repeated non-performance or substandard performance of material duties which is not cured within thirty (30) days after written notice thereof to you; or (6) violation of any material District of Columbia, state or federal laws, rules or regulations in connection with or during performance of your work which, if such violation is curable, is not cured within thirty (30) days after notice thereof to you.

​
		·
	“Disability” in this Letter means your inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which

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3

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can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months.
​
Miscellaneous:
​
		·
	All payments and compensation hereunder will be subject to applicable income tax, employment tax and other withholding.

		·
	Your employment is at-will and may be terminated at any time for any reason, with or without notice, by you or the Company.

		·
	As an employee of the Company, you will be subject to all Company policies, including the Company’s Code of Conduct, Insider Trading Policy, clawback policy and stock ownership guidelines (following the Succession Date your stock ownership requirement will increase to six (6) times your Base Salary, to be satisfied within five (5) years of the Succession Date), as may be in effect from time to time.

		·
	This Letter will be construed and enforced pursuant to the laws of the State of California, without regard to the conflict of law provisions of any state which would provide for the application of the laws of any state other than the State of California. Except with respect to the enforcement of the obligations under the Addendum, any dispute arising out of or relating to this Letter will be settled by binding arbitration by a panel of three arbitrators in accordance with the Commercial Arbitration Rules of the American Arbitration Association, with such arbitration proceedings to be located in Los Angeles, California. The arbitrators will not be empowered to award damages in excess of compensatory damages. With respect to the obligations under the Addendum, you consent to the jurisdiction of any court of competent jurisdiction located in the State of California.

		·
	The payments and benefits provided under this Letter are intended to comply with the requirements of Section 409A of the Internal Revenue Code and the regulations and guidance promulgated thereunder (“Section 409A”), or an exemption from Section 409A, and will be interpreted, applied and administered accordingly. All reimbursements under this Letter that constitute deferred compensation within the meaning of Section 409A will be made or provided in accordance with the requirements of Section 409A.

		·
	Except as otherwise contemplated herein, this Letter contains the entire agreement between you and the Company with respect to the subject matter hereof.

​
[Signature Page Follows]
​
​

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To accept our offer, please sign and date this Letter in the designated space below and return an executed version of this Letter to David Gan, Chief Legal Officer, which will become a binding agreement (including the Addendum) upon our receipt.
​
We look forward to an exciting future with you as our Chief Executive Officer.
​
Sincerely,
​
	​

	​

	​

	On behalf of AECOM,
	​
	​

	​
	​
	​

	/s/ Steven A. Kandarian
	    
	6/13/2020

	Steven A.Kandarian
	​
	Date

	Lead Independent Director of the Board
	​
	​

	Chairman of the Compensation and 
	​
	​

	Organization Committee
	​
	​

	​
	​
	​

	​
	​
	​

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

	​
	​
	​

	/s/ W. Troy Rudd
	​
	6/13/2020

	W. Troy Rudd
	​
	Date

​
​
​

[Signature Page to Letter]

​

ADDENDUM
​
This Addendum (the “Addendum”) to the Letter sets forth material terms and conditions of your employment with the Company that constitute binding and enforceable obligations between you and the Company. References herein to “the Company” shall include its subsidiaries and affiliates.
​
		1.
	Confidentiality.

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		a.
	Company Information. You agree at all times during your employment with the Company and thereafter, to hold in strictest confidence, and not to use, except in connection with the performance of your duties to the Company, and not to disclose to any person or entity without written authorization of the Company, any Confidential Information of the Company. As used herein, “Confidential Information” means any Company proprietary or confidential information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, customer lists and customers, markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, marketing, distribution and sales methods and systems, sales and profit figures, finances and other business information disclosed to you by the Company, either directly or indirectly in writing, orally or by drawings or inspection of documents or other tangible property. However, Confidential Information does not include any of the foregoing items which have become publicly known and made generally available through no wrongful act by you.

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		b.
	Executive-Restricted Information. You agree that during your employment with the Company you will not improperly use or disclose any proprietary or confidential information or trade secrets of any person or entity with whom you have an agreement or duty to keep such information or secrets confidential.

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		c.
	Third Party Information.  You recognize that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes. You agree at all times during your employment with the Company and thereafter, to hold in strictest confidence, and not to use, except in connection with the performance of your duties to the Company, and not to disclose to any person or entity, or to use it except as necessary in performing your duties, consistent with the Company's agreement with such third party.

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		d.
	Return of Confidential Information. You agree, upon termination of the employment relationship or upon the written request of the Company, whichever is earlier, to promptly deliver to the Company all records, notes, and other written, printed, or tangible materials whether generated by you or others in your possession, including all copies thereof, pertaining to the Confidential Information.

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		2.
	Ownership of Information, Ideas, Concepts, Improvements, Discoveries and Inventions and all Original Works of Authorship.

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		a.
	As between the Company and you, all information, ideas, concepts, improvements, discoveries and inventions, whether patentable or not, which are conceived, made, developed or acquired by you or which are disclosed or made known to you, individually or in conjunction with others, during your employment with the Company and which relate to the Company’s business, products or services (including all such information relating to corporate opportunities, research, financial and sales data, pricing and trading terms, evaluations, opinions, interpretations, acquisition prospects, the identity of clients or customers or their requirements, the identity of key contacts within the client or customers’ organizations or within the organization of acquisition prospects, or marketing and merchandising techniques, prospective names and marks) are and shall be the sole and exclusive property of the Company. Moreover, all drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, maps and all other writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries and inventions are and shall be the sole and exclusive property of the Company.

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		b.
	In particular, you hereby specifically assign and transfer to the Company all of your worldwide right, title and interest in and to all such information, ideas, concepts, improvements, discoveries or inventions, and any United States or foreign applications for patents, inventor’s certificates or other industrial rights that may be filed thereon, and applications for registration of such names and marks. During your employment with the Company and thereafter, you shall assist the Company and its nominee at all times in the protection of such information, ideas, concepts, improvements, discoveries or inventions, both in the United States and all foreign countries, including but not limited to, the execution of all lawful oaths and all assignment documents requested by the Company or its nominee in connection with the preparation, prosecution, issuance or enforcement of any applications for United States or foreign letters patent, and any application for the registration of such names and marks.

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		c.
	Moreover, if during your employment with the Company, you create any original work of authorship fixed in any tangible medium of expression which is the subject matter of copyright (such as reports, videotapes, written presentations, computer programs, drawings, maps, architectural renditions, models, manuals, brochures or the like) relating to the Company’s business, products, or services, whether such work is created solely by you or jointly with others, the Company shall be deemed the author of such work if the work is prepared by you in the scope of your employment; or, if the work is not prepared by you within the scope of your employment but is specially ordered by the Company as a contribution to a collective work, as a part of any written or audiovisual work, as a translation, as a supplementary work, as a compilation or as an instructional text, then the work shall be considered to be work made for hire and the Company shall be the author of the work. In the event such work is neither prepared by you within the scope of your employment nor a work specially ordered and deemed to be a work made for hire, then you hereby agree to assign, and by these presents, do assign, to the Company all of your worldwide right, title and interest in and to such work and all rights of copyright therein. Both during your employment with the Company and thereafter, you agree to assist the Company and its nominee, at any time, in the protection of the Company’s worldwide right, title and interest

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A-2

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in and to the work and all rights of copyright therein, including but not limited to, the execution of all formal assignment documents requested by the Company or its nominee and the execution of all lawful oaths and applications for registration of copyright in the United States and foreign countries; provided, however, that you shall be compensated by the Company at a reasonable hourly rate for assistance given after you are no longer employed by the Company.
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		3.
	Non-Solicitation of Employees, Customers or Clients. You agree that you shall not at any time during your employment with the Company and for one (1) year following your termination of employment with the Company for any reason, directly or indirectly:

		a.
	solicit, attempt to solicit, induce or otherwise cause any existing or future customer or client of the Company, to terminate, fail to extend or renew, reduce the funding of, or fail to provide additional funding for, any contract, proposal or work with the Company; or

		b.
	solicit, attempt to solicit, induce or otherwise cause any existing or prospective employee of the Company, to terminate or abort his or her employment with the Company, or hire or attempt to hire any existing or prospective employee of the Company to be employed or engaged as a consultant or employee by you or for any firm, organization, business, partnership, corporation or association with which you shall have an association.

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		4.
	Other Employment/Services. You agree that during the period of your employment with the Company, you will not, directly or indirectly, as an employee, director, consultant or in any other capacity, without the Company's express written consent, provide services to any corporation, partnership or other entity, or engage in any employment or business activity, that is competitive with the business conducted or services provided by the Company, or would otherwise conflict with, your employment by and duties to the Company.

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		5.
	Enforcement; Remedies. You agree that it is impossible to measure in money the damages which will accrue to the Company by reason of a failure by you to perform any of your obligations set forth in this Addendum. Accordingly, if the Company institutes any action or proceeding to enforce its rights under this Addendum, to the extent permitted by applicable law, you hereby waive the claim or defense that the Company or its affiliates has an adequate remedy at law, and you shall not claim that any such remedy at law exists. Furthermore, in addition to other remedies that may be available, including money damages, the Company will be entitled to specific performance and other injunctive relief, without the requirement to post a bond. Should any provision of this Addendum be declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such provision will become null and void, leaving the remainder of this Addendum in full force and effect. Failure to insist upon strict compliance with any terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition. You understand that, as set forth in the Letter, California law will govern the obligations under this Addendum.

A-3

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