Document:

Form of Restricted Stock Unit Agreement

 Exhibit 10.3 
 FORM OF RESTRICTED STOCK UNIT AGREEMENT 
 AGREEMENT by and between KBR, Inc., a Delaware corporation
(the “Company”) and                      (“Employee”) made effective as of
                                        
                         (the “Grant Date”). 
 1. Grant of Restricted Stock Units. 
 (a) Units. Pursuant to the KBR, Inc. 2006 Stock and Incentive Plan (the “Plan”) units evidencing the right to receive
                     shares of the Company’s common stock (“Stock”), are awarded to Employee, subject to the conditions of the
Plan and this Agreement (the “Restricted Stock Units”). 
 (b) Plan Incorporated. Employee acknowledges
receipt of a copy of the Plan, and agrees that this award of Restricted Stock Units shall be subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if any, pursuant to the terms thereof, which Plan is
incorporated herein by reference as a part of this Agreement. Except as defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. 
 2. Terms of Restricted Stock Units. Employee hereby accepts the Restricted Stock Units and agrees with respect thereto as follows: 
 (a) Forfeiture of Restricted Stock Units. In the event of termination of Employee’s employment with the Company or any
employing Subsidiary of the Company for any reason other than (i) normal retirement on or after age sixty-five, (ii) death or (iii) disability (disability being defined as being physically or mentally incapable of performing either
the Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently, as determined by the Company or employing
Subsidiary), or except as otherwise provided in the last two sentences of subparagraph (c) of this Paragraph 2, Employee shall, for no consideration, forfeit all Restricted Stock Units to the extent they are not fully vested. 
 (b) Assignment of Award. The Restricted Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise
transferred, encumbered or disposed of. 
 (c) Vesting Schedule. The Restricted Stock Units shall vest in accordance
with the following schedule provided that Employee has been continuously employed by the Company from the date of this Agreement through the applicable vesting date. 

				
	 Vesting Date
	  	 Vested Percentage of Total Number
 of Restricted Stock Units
	 
	 1st Anniversary of Grant Date
	  	20	%
	 2nd Anniversary of Grant Date
	  	40	%
	 3rd Anniversary of Grant Date
	  	60	%
	 4th Anniversary of Grant Date
	  	80	%
	 5th Anniversary of Grant Date
	  	100	%

 Notwithstanding the foregoing, the Restricted Stock Units shall become fully vested on the earlier
of (i) the occurrence of a Corporate Change (as such term is defined in the Plan), or (ii) the date Employee’s employment with the Company is terminated by reason of death, disability (as determined above) or normal retirement on or
after age sixty-five. In the event Employee’s employment is terminated for any other reason, including retirement prior to age sixty-five with the approval of the Company or employing Subsidiary, the Committee which administers the Plan (the
“Committee”) or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the acceleration of the vesting of any or all Restricted Stock Units still subject to restrictions, such vesting
acceleration to be effective on the date of such approval or Employee’s termination date, if later. 
 (d) Shareholder
Rights. Employee shall have no rights to dividends, dividend equivalents or any other rights of a shareholder with respect to shares of Stock subject to this Award unless and until such time as the Award has been settled by the transfer of
shares of Stock to Employee. 
 (e) Settlement and Delivery of Shares. Payment of vested Restricted Stock Units shall
be made as soon as administratively practicable after vesting, but in no event later than thirty days after the vesting date. Settlement will be made by payment in shares of Stock. Notwithstanding the foregoing, the Company shall not be obligated to
deliver any shares of Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any
securities exchange or association upon which the Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Stock to comply with any such law, rule, regulation or
agreement. 
 3. Withholding of Tax. The Committee may make such provisions as it may deem appropriate for the
withholding of any taxes which it determines is required in connection with this Award. Unless the Committee provides otherwise, the Company shall reduce the number of shares of Stock that would have otherwise been delivered to Employee by a number
of shares of Stock having a Fair Market Value equal to the amount required to be withheld. 
 4. Employment Relationship. For
purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of the Company, a Parent Corporation or Subsidiary of the Company, or a corporation or a Parent Corporation or a
subsidiary of such corporation assuming or substituting a new award for this Award. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee, or its
delegate, as appropriate, and its determination shall be final. 
  

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 5. Committee’s Powers. No provision contained in this Agreement shall in any way
terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate pursuant to the terms of the Plan or
resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Restricted Stock Units. 
 6. Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully
claiming under Employee. 
 7. Compliance with Law. Notwithstanding anything to the contrary herein, the Company shall not be
obligated to issue any Stock in connection with a Restricted Stock Unit, at any time, if the offering or issuance of the Stock, or if acceptance of the Stock by an Employee, violates or is not in compliance with any laws, rules or regulations of the
United States or any state or country. 
 8. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Texas. 
 9. Section 409A. Notwithstanding anything in this Agreement to the contrary, if
any provision in this Agreement would result in the imposition of an applicable tax under Section 409A of the Code and related regulations and United States Department of the Treasury pronouncements (“Section 409A”), that provision
will be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect Employee’s rights under this Agreement. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and Employee has executed this
Agreement, all as of the date first above written. 
  

			
	KBR, INC.
		
	By:	 	  

	
	  

	Employee

  

 3Form of Nonstatutory Stock Option Agreement

 Exhibit 10.4 
 FORM OF NONSTATUTORY STOCK OPTION AGREEMENT 
 AGREEMENT by and between KBR, Inc., a Delaware
corporation (the “Company”) and                      (“Employee”) made effective as of
                     (the “Grant Date”). 
 To carry out the purposes of the KBR, Inc. 2006 Stock and Incentive Plan (the “Plan”), by affording Employee the opportunity to purchase shares of common stock of the Company (“Stock”), and in
consideration of the mutual agreements and other matters set forth herein and in the Plan, the Company and Employee hereby agree to the following terms set forth herein. Except as defined herein, capitalized terms shall have the same meanings
ascribed to them under the Plan. 
 1. Grant of Option. The Company hereby irrevocably grants to Employee the right and option
(“Option”) to purchase an aggregate of              shares of Stock at the option price indicated below, on the terms and conditions set forth herein and in the Plan, which
Plan is incorporated herein by reference as a part of this Agreement. This Option shall not be treated as an incentive stock option within the meaning of Section 422(b) of the Code. 
 2. Option Price. The purchase price of Stock to be paid by Employee pursuant to the exercise of this Option shall equal
                                        
         (the “Exercise Price”). 
 3. Exercise of Option. Subject to the earlier
expiration of this Option as herein provided, this Option may be exercised by providing notice of exercise in the manner specified by the Company from time to time. Exercise of this Option must occur during the regular trading hours in which the
Stock is traded on the New York Stock Exchange or other principal exchange on which the Stock is then traded. Except as otherwise provided below, this Option shall not be exercisable for more than a percentage of the aggregate number of shares of
Stock offered by this Option determined by the number of full years from the Grant Date to the date of such exercise, in accordance with the following schedule: 
  

				
	 Number of Full Years
	  	 Percentage of Stock
 That May Be Purchased
	 
	 Less than 1 year
	  	0	%
	 1 year
	  	33 1/3	%
	 2 years
	  	67	%
	 3 years
	  	100	%

 This Option is not transferable otherwise than by will or the laws of descent and distribution or
pursuant to a “qualified domestic relations order” as defined by the Code and may be exercised during Employee’s lifetime only by Employee, Employee’s guardian or legal representative or a transferee under a qualified domestic
relations order. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Option or of such rights contrary to the provisions hereof or in the Plan, or upon the levy of any attachment or similar process upon this Option
or such rights, this Option and such rights shall immediately become null and void. 

 This Option may be exercised only while Employee remains an employee of the Company, subject to the following exceptions:

 (a) If Employee’s employment with the Company terminates by reason of disability (disability being defined as being
physically or mentally incapable of performing either the Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently,
as determined by the Company or employing Subsidiary), this Option may be exercised in full by Employee (or Employee’s estate or the person who acquires this Option by will or the laws of descent and distribution or otherwise by reason of the
death of Employee) at any time during the period ending on the earlier of the Expiration Date (as defined below) or the third anniversary of the date of Employee’s termination of employment. Notwithstanding the foregoing, if Employee’s
termination of employment by reason of disability occurs during the first six months following the Grant Date, this Option may be exercised in full at any time during the period ending on the earlier of the Expiration Date or the fourth anniversary
of the date of Employee’s termination of employment. 
 (b) If Employee dies while in the employ of the Company,
Employee’s estate, or the person who acquires this Option by will or the laws of descent and distribution or otherwise by reason of the death of Employee, may exercise this Option in full at any time during the period ending on the earlier of
the Expiration Date or the third anniversary of the date of Employee’s death. Notwithstanding the foregoing, if Employee dies during the first six months following the Grant Date, this Option may be exercised in full at any time during the
period ending on the earlier of the Expiration Date or the fourth anniversary of the date of Employee’s termination of employment. 
 (c) If Employee’s employment with the Company terminates by reason of normal retirement at or after age 65, this Option may be exercised by Employee at any time during the period ending on the Expiration Date,
but only as to the number of shares of Stock Employee was entitled to purchase on the date of such exercise in accordance with the schedule set forth above. In connection with the termination of Employee’s employment with the Company by reason
of early retirement, applicable management of the Company and/or business unit may recommend to the Committee or its delegate, as applicable, that this Option be retained. In such event, the Committee or its delegate, as the case may be, shall
consider such recommendation and may, in the Committee’s or such delegate’s sole discretion, approve the retention of this Option following such early retirement, in which case the Option may be exercised by Employee at any time during the
period ending on the Expiration Date, but only as to the number of shares of Stock Employee was entitled to purchase on the date of such exercise in accordance with the schedule set forth above. If, after retirement as set forth above, Employee
should die, this Option may be exercised in full by Employee’s estate (or the person who acquires this Option by will or the laws of descent and distribution or otherwise by reason of the death of the Employee) during the period ending on the
earlier of the Expiration Date or the third anniversary of the date of Employee’s death. 
  

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 (d) If Employee’s employment with the Company terminates for any reason other than
those set forth in subparagraphs (a) through (c) above, this Option may be exercised by Employee at any time during the period of 30 days following such termination, or by Employee’s estate (or the person who acquires this Option by
will or the laws of descent and distribution or otherwise by reason of the death of the Employee) during a period of six months following Employee’s death if Employee dies during such 30-day period, but in each case only as to the number of
shares of Stock Employee was entitled to purchase hereunder upon exercise of this Option as of the date Employee’s employment so terminates. 
 This Option shall not be exercisable in any event prior to the expiration of six months from the date of grant hereof or after the expiration of ten years from the date of grant hereof (the “Expiration Date”) notwithstanding
anything hereinabove contained. The purchase price of Stock as to which this Option is exercised shall be paid in full at the time of exercise in cash (in the form and manner prescribed by the Company). At Employee’s request or the request of
another person entitled to exercise this Option, and to the extent permitted by applicable law, the Committee in its discretion may selectively approve “cashless exercise” arrangements with a brokerage firm under which such brokerage firm,
on behalf of Employee or such other person exercising the Option, shall pay to the Company or its designee the Exercise Price of the Option or of the portion being exercised, and the Company or its designee, pursuant to an irrevocable notice from
Employee or such other person exercising the Option, shall promptly deliver the shares being purchased to such firm. No fraction of a share of Stock shall be issued by the Company upon exercise of an Option or accepted by the Company in payment of
the purchase price thereof; rather, Employee shall provide a cash payment for such amount as is necessary to effect the issuance and acceptance of only whole shares of Stock. Unless and until a certificate or certificates representing such Stock
shall have been issued by the Company to Employee, Employee (or the person permitted to exercise this Option in the event of Employee’s death) shall not be or have any of the rights or privileges of a shareholder of the Company with respect to
Stock acquirable upon an exercise of this Option. 
 4. Withholding of Tax. To the extent that the exercise of this Option or the
disposition of shares of Stock acquired by exercise of this Option results in compensation income to Employee for federal or state income tax purposes, Employee shall deliver to the Company at the time of such exercise or disposition such amount of
money or shares of Stock as the Company may require to meet its withholding obligation under applicable tax laws or regulations, and, if Employee fails to do so, the Company is authorized to withhold from any cash or Stock remuneration then or
thereafter payable to Employee any tax required to be withheld by reason of such resulting compensation income. Upon an exercise of this Option, the Company is further authorized in its discretion to satisfy any such withholding requirement out of
any cash or shares of Stock distributable to Employee upon such exercise. 
 5. Status of Stock. The Company shall not be obligated to
issue any Stock pursuant to any Option at any time, when the offering of the Stock covered by such Option has not 
  

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 been registered under the Securities Act of 1933, as amended (the “Act”) and such other country, federal or
state laws, rules or regulations as the Company deems applicable and, in the opinion of legal counsel for the Company, there is no exemption from the registration. The Company intends to use its best efforts to ensure that no such delay will occur.
In the event exemption from registration under the Act is available upon an exercise of this Option, Employee (or the person permitted to exercise this Option in the event of Employee’s death or incapacity), if requested by the Company to do
so, will execute and deliver to the Company in writing an agreement containing such provisions as the Company may require to assure compliance with applicable securities laws. 
 Employee agrees that the shares of Stock which Employee may acquire by exercising this Option will not be sold or otherwise disposed of in any manner
which would constitute a violation of any applicable securities laws, whether federal or state. Employee also agrees (i) that the certificates representing the shares of Stock purchased under this Option may bear such legend or legends as the
Company deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company may refuse to register the transfer of the shares of Stock purchased under this Option on the stock transfer records of the Company
if such proposed transfer would in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law and (iii) that the Company may give related instructions to its transfer agent, if any, to stop
registration of the transfer of the Stock purchased under this Option. 
 6. Employment Relationship. For purposes of this Agreement,
Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of the Company, a Parent Corporation or Subsidiary of the Company, or a corporation or a Parent Corporation or a subsidiary of such
corporation assuming or substituting a new option for this Option. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, as
appropriate, and such determination shall be final. 
 7. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of any successors to the Company and all persons lawfully claiming under Employee. 
 8. Compliance with Law. Notwithstanding
anything to the contrary herein, the Company shall not be obligated to issue any Stock pursuant to any Option, at any time, if the offering of the Stock covered by such Option, or the exercise of an Option by an Employee, violates or is not in
compliance with any laws, rules or regulations of the United States or any state or country. 
 9. Governing Law. This Agreement shall
be governed by, and construed in accordance with, the laws of the State of Texas. 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its officer thereunto
duly authorized, and Employee has executed this Agreement, all as of the day and year first above written. 
  

			
	KBR, INC.
		
	By:	 	  

	
	EMPLOYEE
	
	  

  

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