Document:

Exhibit
10.33

APPENDIX
I

Private & Confidential

Global Stock Investment Plan –
United Kingdom

AECOM Technology Corporation

May 2006

Contents

	
  Contents

  	
   

  	
  i

  
	
  AECOM Technology Corporation Global Stock
  Investment Plan

  	
   

  	
   

  
	
  (United Kingdom)

  	
   

  	
  1

  
	
  1.

  	
   

  	
  Objectives and Commencement

  	
   

  	
  1

  
	
  2.

  	
   

  	
  Definitions and Interpretation

  	
   

  	
  1

  
	
  3.

  	
   

  	
  Eligibility

  	
   

  	
  5

  
	
  4.

  	
   

  	
  Participation in the Plan

  	
   

  	
  6

  
	
  5.

  	
   

  	
  Participating Company Matching Contributions

  	
   

  	
  7

  
	
  6.

  	
   

  	
  Member Contributions

  	
   

  	
  8

  
	
  7.

  	
   

  	
  Trust Fund

  	
   

  	
  9

  
	
  8.

  	
   

  	
  Vesting

  	
   

  	
  10

  
	
  9.

  	
   

  	
  Distributions

  	
   

  	
  10

  
	
  10.

  	
   

  	
  Common Shares Diversification

  	
   

  	
  14

  
	
  11.

  	
   

  	
  Claims Procedure

  	
   

  	
  14

  
	
  12.

  	
   

  	
  Administration

  	
   

  	
  15

  
	
  13.

  	
   

  	
  General Provisions

  	
   

  	
  17

  

 

 I-i

AECOM Technology Corporation

Global Stock Investment Plan (United Kingdom)

1.     Objectives
and Commencement

1.1          Objectives

The objectives of this Plan are:

(a)           to provide Eligible
Employees with an incentive to improve the performance of the Participating Companies;
and

(b)           improve the opportunity
to enhance the share value of the Company; and

(c)           to assist in the
retention and motivation of Eligible Employees; and

(d)           to
encourage Eligible Employees to save for their retirement.

1.2          Operationof Plan

The Plan will be operated
in accordance with this Plan and any Trust Agreement entered into between the
Sponsoring Company and the Trustee relating to the Plan.  

1.3          Subsidiaries

The Sponsoring Company
will exercise all voting rights and other powers of control available to it so
as to ascertain (in so far as it is able by exercise of such powers and rights)
that each other Affiliated Company complies with and gives effect to the Plan.

1.4          Commencement

The Plan operates on and from the date decided by the
Board.  

2.             Definitions
and Interpretation

2.1          Definitions

The following definitions
apply in this document.

“Account” means the accounts (including any
subaccounts established from time to time under each such account) maintained
to record the interest of a Member in the Trust Fund. 

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“AECOM Shares”
means common stocks issued by the Sponsoring Company.

“Affiliated
Company” means any
corporation which, at the time of reference, is a 51% or more owned (directly
or indirectly) subsidiary of the Sponsoring Company.  

“After-Tax Account”
means the Account maintained for a Member that is credited with the Member’s
After-Tax Contributions to the Plan in accordance with Rule 6.1(a), together
with the allocations thereto as required by the Plan.  

“After-Tax
Contributions” means
the amount that a Member elects to have deducted from their Compensation on an
after-tax basis.  After-Tax Contributions
shall be made by payroll deduction in accordance with the arrangements between
the Member and the Participating Company. 
Rule 6 contains the provisions under which After-Tax Contributions may
be made.

“Allocation
Date” means the end
of each fiscal quarter including the last day of each Plan Year.

“Allocation Period” means, at a minimum, the
end of each fiscal quarter.  The Board has
the discretion to, prior to the last day of the first fiscal quarter, to
determine the allocation period for the Plan Year.  The Allocation Period cannot be less than one
quarter and cannot be greater than one year.

“Applicable Local Law”
means the laws of the jurisdiction in which the Member resides at the time that
the Member dies.

“Beneficiary” means the person or persons entitled
to receive benefits which are payable under the Plan upon or after a Member’s
death.

“Board” means the board of directors of the
Sponsoring Company or a committee thereof appointed to act for the board of
directors with regard to this Plan.  

“Bonus” means bonuses and incentive
compensation of all types paid by a Company to an individual during the Plan
Year for the period while such individual has been a Member of the Plan,
including without limitation contract completion bonuses and incentive
compensation bonuses. 

“Company”means the
Sponsoring Company and any other Participating Company, or any of them.

“Compensation” means the base salary and/or base
wages paid by a Company to an individual during the Plan Year for the period
while such individual has been a Member of the Plan, together with such
additional items of compensation as shall be determined by the Participating Company.

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“Disability” shall mean physical and/or mental incapacity of
such a nature that it qualifies a Member for the receipt of benefits under a
long term disability welfare plan maintained by a Participating Company.

“Eligible
Employee” means an
Employee of a Participating Company who is eligible to participate in the Plan
under Rule 3.

“Eligible Shares”
means Shares credited to an Employee’s After-Tax Account that have been held
for a minimum of five years.  Eligible
Shares do not include any company match shares.

“Employee” means a permanent, full- or
part-time, employee or executive director of one or more Companies or
Affiliated Companies.

“Employer”, in
relation to an Employee means the Company that employs the Eligible Employee.

“Entry Date” means the first day of the second
calendar month next following the date the individual becomes an employee of a
Company or Affiliated Company (for example, 1 April 2006 is the Entry Date
for all those who become employees in February 2006).  However, the first Entry Date shall not be
prior to the commencement date established under Rule 1.4.

“Forfeitures” means amount forfeited under Rule
8.3, Rule 9.2 or otherwise.

“Inter-Company
Transferee”means a Member who is transferred on a temporary assignment
basis from a Participating Company to an Affiliated Company or from one
Affiliated Company to another Affiliated Company after having first been
employed by a Participating Company.

“Matching
Account” means the
Account maintained for a Member that is credited with the Matching Contribution
to the Plan on behalf of the Member in accordance with Rule 5, together with
the allocations thereto required by the Plan.

“Matching
Contribution” means the contributions to the Plan made by the
Participating Company in accordance with Rule 5. 

“Matching Percentage” means the percentage applied to
contributions to the plan for determination of match contributions as
determined by the Board of Directors each plan year. Notwithstanding the
foregoing, the Board of Directors has the discretion to modify the matching
percentage each year.  

“Member” means an Eligible Employee who has
elected to participate in the Plan pursuant to an invitation made by the Board
under Rule 3, and whose participation is not terminated as provided in Rule 4.  

“Member
Contributions” means
the After-Tax Contributions.

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“Participating
Company” means an
Affiliated Company (or division thereof) which, with the approval of the
Sponsoring Company, adopts this Plan pursuant to appropriate written
resolutions of the Board or other managing body of such company.  Any such company which adopts the Plan, is
thereafter a Participating Company with respect to its Employees for the
purposes of the Plan.  Unless the context
requires otherwise,  “Participating
Company” shall include the Sponsoring Company.

“Plan” means the AECOM Technology
Corporation Global Stock Investment Plan as amended from time to time.  

“Plan Year” means the period beginning on 1
October and ending on 30 September.  

“Qualifying
Reason” in relation
to an Eligible Employee ceasing to be an Employee, means:

(a)           retirement;

(b)           Disability;

(c)           death; or

(d)           any other reason which
the Board, in its sole discretion, decides should be a Qualifying Reason for
the purposes of these Rules.

“Rules” means the rules set forth in this
Plan, as said rules may from time to time be amended.  

“Shares” means “AECOM Shares”.    

“Sponsoring
Company” means AECOM
Technology Corporation including any successor by merger, purchase or
otherwise.  

“Trust” means the legal entity resulting
from the Trust Agreement between the Sponsoring Company, on its own behalf and
as agent for all other Participating Companies, and the Trustee which receives
the Participating Companies’ and Members’ contributions, and holds Shares,
invests, and disburses funds to or for the benefit of Members.

“Trust Agreement”
means the agreement by and between the Sponsoring Company and the Trustee, as
said Agreement may from time to time be amended.  

“Trust Fund” means all Shares and cash
contributed to or acquired by the Trustee in its capacity as such hereunder,
together with accumulated income, subject to all liabilities incurred by the
Trustee in its capacity as such and less all disbursements made in respect
thereof.  

“Trustee” means the person who is appointed
trustee of the Trust Fund by the Sponsoring Company from time to time.

 I-4
 

“Valuation Date” means 31 March, 30 June, 30
September, 31 December and any other date specified by the Board.  

“Vested
Interest” means the
portion of the Member’s Matching Account which has become vested in accordance
with Rule 8 and amounts in Member’s After-Tax Account.

“Years of
Vesting Service” means, with respect to a Member, a completed year
as of the anniversary of the Members hire date, during which the Member is paid,
or entitled to payment, for the performance of duties for an Affiliated
Company. All years of prior service with a merged or acquired Affiliated
Company count toward the vesting requirements. 
A Member will become fully vested on the third anniversary of their hire
date.

2.2          Ceasing
to be an Eligible Employee

For the purposes of these Rules, an Employee ceases to
be an Eligible Employee when an Affiliated Company no longer employs the person
or when their employer ceases to be an Affiliated Company.  

2.3          Rules for Interpreting the Document

Headings are for
convenience only, and do not affect interpretation.  The following rules also apply in
interpreting this document, except where the context makes it clear that a rule
is not intended to apply.

(a)           A singular word
includes the plural, and vice versa.  

(b)           A word that suggests
one gender includes the other gender.  

(c)           If a word is defined,
another part of speech has a corresponding meaning.  

(d)           If an example is given
of anything (including a right, obligation or concept), the example does not
limit the scope of that thing.  

(e)           A reference to “US
dollars” or “USD” is to United States currency. 

3.             Eligibility

Each Employee shall
become an Eligible Employee as of the first Entry Date following the date on
which they become an Employee.  However,
Eligible Employees do not include (1) any person included in a unit of
employees covered by a collective bargaining agreement, unless such bargaining
agreement specifically provides otherwise, and (2) any person if such
employee is not included in a designated eligible payroll classification code
so designated by AECOM.  

 I-5
 

4.             Participation
in the Plan

4.1          Participation

(a)           The Sponsoring Company may at any time invite any
Eligible Employee to participate in the Plan in such form and manner and at
such time as the Eligible Sponsoring Company may prescribe from time to
time.  

(b)          Any Eligible Employee
shall become a Member on the first day of the calendar month coincident with or
next following the date on which they have filed with their employer, a
completed application form to participate in the Plan in such form and manner
and at such time as the Sponsoring Company may prescribe from time to time,
provided that they are an Employee on such day. 

4.2          Content
of Application

Each such application
shall (i) authorise the automatic deduction of Pre-Tax Contributions and/or
After-Tax Contributions from such Member’s Compensation and/or Bonuses or
authorise such other method of making contributions as may be required by the
Sponsoring Company; and (ii) contain such other information, conditions,
understandings, declarations and agreements as the Sponsoring Company may from
time to time require.  

4.3          Withdrawal or Revocation of Application

Once made, an application can be withdrawn or revoked
with the consent of the Board.  

4.4          Effect of election

By electing to
participate in the Plan, the Member agrees to be bound by these Rules and the
provisions of the Trust Agreement and, without limitation to the above,
authorises the deductions of After-Tax Contributions from their Compensation
and bonuses (as the case may be).

4.5          Duration

The participation of a
Member shall end when they cease to be an Employee or no further benefits are
payable to them or their Beneficiary under the Plan.  

4.6          Beneficiary

(a)           Beneficiary
Designation.  Each Member shall file
with the Company a written designation of one or more persons as the
Beneficiary who shall be entitled to receive any amount payable under the Plan
upon the Member’s death.  A Member may
from time to time revoke or change their beneficiary designation without the
consent of any prior Beneficiary by filing a new designation with the
Company.  The last such designation
received by the Company shall be controlling; provided, however, that no designation,
or change or revocation

 I-6
 

thereof, shall be
effective unless received by the Company prior to the Member’s death, and in no
event shall it be effective as of a date prior to such receipt.  All decisions of the Board concerning the
effectiveness of any beneficiary designation, and the identity of any
Beneficiary, shall be final.  A
designation of a Beneficiary shall be effective only if the designated
Beneficiary survives the Member.

(b)           Failure to Designate
Beneficiary.  If no beneficiary
designation or other instrument of bequest is in effect at the time of a Member’s
death, the payment of the amount, if any, payable under the Plan upon their
death shall be determined in accordance with the laws of intestate succession
under Applicable Local Law.  If the
Company is in doubt as to the right of any person to receive such amount, the
Company may direct the Trustee to retain such amount, without liability for any
interest thereon, until the rights thereto are determined, or the Company may
direct the Trustee to pay such amount into any court of appropriate
jurisdiction and such payment shall be a complete discharge of the liability of
the Plan and the Trust therefor.

(c)           Upon the death of a
Member, their Beneficiaries shall be entitled to payment of benefits in an
amount and in the manner provided by the Plan as if the Beneficiary were the
Member.

(d)           Notwithstanding the
foregoing, the priority of the beneficiary designation, other instrument of
bequest, or intestacy rules, and the payment of the amount, if any, payable
under the Plan shall be determined by Applicable Local Law.  The Company and the Trustee shall have the
right to assume that the beneficiary designation is enforceable under Applicable
Local Law, and any person challenging the validity and enforceability thereof
shall have the burden of proof in any judicial proceeding.

5.             Participating
Company Matching Contributions

5.1          Participating Company Matching Contributions

Each Employer
shall contribute to the Trust Fund for each Allocation Period an amount which
is sufficient to provide each Member with an allocation of Shares as follows:

(a)           an amount equal to the
Matching Percentage multiplied by the aggregate Member Contributions applicable
to the purchase of Shares made by such Eligible Employee for that Allocation
Period;

(b)           Notwithstanding the
foregoing, no contribution (or allocation) shall be made for any Member if the
resulting allocation would result in a violation of law or jeopardize the
applicable tax, securities, or other special status of the Plan.  If the

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amount that would
otherwise be allocated is reduced, the Participating Company Matching
Contributions shall be correspondingly reduced.

5.2          All contributions set forth shall
be made in cash or Shares or any combination thereof.   AECOM Shares shall be valued as of the
Valuation Date coinciding with or immediately preceding the pay date. Any
contributions made in cash shall be used by the Trustee to purchase Shares held
in the Trust Fund for allocation to Members as set forth in Rule 5.

5.3          The Sponsoring Company may
contribute all or part of the entire amount due on behalf of one or more
Participating Companies and charge the amount to the Participating Company
responsible therefore.  

5.4          On the Allocation Date of the Plan
Year, all Matching Contributions to the Plan shall be allocated to the Matching
Accounts of Members so that each Member receives the allocation set forth in
Rule 5.1 above.  For this purpose, Shares
shall be valued in US dollars ($) as of the Allocation Date.  

5.5          With respect to a Member who
diversifies to cash pursuant to Rules 10, the Member shall be suspended from
future matches until such time as the Member repurchases through contributions
the amount of Shares originally diversified.

6.             Member
Contributions

6.1          After-Tax
Contributions

After-Tax Contributions may be made to the Plan as
follows:

(a)           Subject to the
limitations in Rule 6.3, each Member may elect to make After-Tax Contributions
to the Plan on their own behalf in whole percentages from 1% to 25% of the
Member’s Compensation for each payroll period beginning with the payroll period
next following in which the Member commences participation in the Plan in
accordance with Rule 4.1.  

(b)           Subject to the
limitations in Rule 6.3, each Member may also elect to make After-Tax
Contributions (in whole percentages up to 100%) of any Bonuses paid to the
Member beginning with the date the Member commences participation in the Plan
in accordance with Rule 4.1.

(c)           To make After-Tax
Contributions, the Employer will deduct from the Member’s Compensation or Bonus
(by payroll withholding or other necessary means) the amount authorised by the
Member and the Employer will pay over such amounts to the Trustee as soon as
reasonably practicable thereafter.  

(d)           Such contributions
shall be credited to the Member’s After-Tax Account.

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6.2          Subject to the provisions of Rule
6, a Member may elect, on a monthly basis, to change, suspend or resume the
rate After-Tax Contributions from Member’s Compensation (or otherwise cease
Pre-Tax Contributions or After-Tax Contributions), effective as of the first
pay cheque of the following calendar month or at any other time that the
Sponsoring Company may prescribe, provided that the Member has filed an
election in such form and manner and at such time as the Sponsoring Company
from time to time may prescribe.  

6.3          Subject to the provisions of Rule
6, a Member may also elect, on an annual basis, to change, suspend or resume
the rate of After-Tax Contributions from Member’s Bonus, effective as of the
first day of the following Plan Year or the election and effective date of the
election may be at any other time that the Sponsoring Company may prescribe,
provided that the Member has filed an election in such form and manner and at
such time as the Sponsoring Company from time to time may prescribe. 

6.4          For the purposes of Rule 6, the
following shall not be deemed a change in the Member’s rate of After-Tax
Contributions: (i) a Member’s initial election of After-Tax Contributions; and
(ii) imposition of the limits of Rule 6.3.

6.5          No interest will be payable in respect of any Member
Contributions.

7.             Trust
Fund

7.1          Plan Assets

All Participating
Company Matching Contributions made in accordance with Rule 5 and Member
Contributions made in accordance with Rule 6 shall be paid over to the Trustee
and held pursuant to the provisions of the Plan and the Trust Agreement.  The Trustee shall purchase Shares on behalf
of the Members using their Member Contributions as soon as reasonable practicable
after receipt of the Member Contributions.

7.2          Accounts

A Member’s interest in
the Trust Fund shall be reflected in their Accounts.  One or more subaccounts may be established
under each Account for such purposes as the Board deems appropriate.  The fact that separate accounts are
maintained for each Member shall not be deemed to segregate for such Member, or
to give such Member any direct interest in, any specific asset or assets in the
Trust Fund.  Notwithstanding the
foregoing, the Trust Fund shall be treated as a single trust for purposes of
investment and administration.

7.3          Allocation
of Dividends, Splits, Recapitalisations etc.

Any Shares received by
the Trustee as a result of a dividend or other distribution, stock split,
conversion, or as a result of a reorganisation or other recapitalisation of the

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Sponsoring Company shall
be allocated by the Trustee in the same manner as the Shares to which they are
attributable when allocated.

8.             Vesting

8.1          Member
Contributions

The After-Tax Accounts shall be fully vested at all
times.  

8.2          Matching
Contributions

For all purposes of the
Plan, a Member’s Vested Interest in the Matching Account shall be the
percentage of the amount credited to their Matching Account determined by the
Board from the following vesting schedule on the basis of the number of Years
of Vesting Service.

	
  Years of Vesting Service

  	
   

  	
  Vested Interest in 

  Member’s Account

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   Less than 3 years

  	
   

  	
  0

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
   3 years or more

  	
   

  	
  100

  	
  %

  

 

8.3          Forfeitures

The unvested portion of a
Member’s Account whose account is distributed shall be forfeited.  A Member who ceases to be an Employee and
whose nonforfeiturable percentage in their Matching Account is zero shall cease
to be a Member.  If a non-vested Member
is reemployed, the prior Account balance shall not be reestablished, unless the
Board otherwise determines in its sole discretion.

8.4          Accelerate
Vesting

Notwithstanding Rule 8.2, a Member shall be fully
vested in all the Shares held in their Matching Account if their employment
ceases because of a Qualifying Reason.

9.             Distributions

9.1          Member
Account Distributions

(a)          The Shares allocated to a Member’s Account and the Member’s
Vested Interest in the Matching Account can only be withdrawn in accordance
with the provisions of Rules 9 and 10. Members may elect to sell their Shares
to the Sponsoring Company as soon as administratively feasible following the
end of

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the
Plan Year in which a Member who has ceased to be an Employee elects to receive
a distribution.  Distributions shall be
made on the date the Shares are sold and will be paid to the Member in
accordance with the provisions of Rules 9.1.

(b)           The number of Shares distributable
hereunder shall be the number of Shares and Convertible Preferred Shares
allocated to the vested portion of Member’s Accounts.

(c)           If Shares are distributed, in
accordance with the Sponsoring Company’s bylaws, the Shares  shall be subject to a repurchase obligation
in exchange for a promissory note from the Company providing for five (5) annual
payments of 20% of the principal amount of the portion of the Member Account
(based on the value of the initial distributable shares on the Valuation Date
coinciding with or immediately preceding the distribution) plus interest at the
rate described in the bylaws of the Company. 
The Company may, in its sole election (and with the consent of the
Sponsoring Company), elect to make such distribution in cash based on the value
of the distributable shares on the Valuation Date coinciding with or
immediately preceding the distribution.

(d)           (1)           A Member may elect to
sell his or her Shares to the Company in five annual cash instalments.  The first such instalment shall be based on
one-fifth of the distributable shares held in the Member’s Account, plus one
share; the second such instalment shall be based on one-fourth of the Member’s
remaining distributable shares; the third such instalment shall be based on
one-third of the Member’s remaining distributable shares; the fourth such
instalment shall be based on one-half of the Member’s remaining distributable
shares; and the fifth such instalment shall be based on the balance of the
Member’s distributable shares.

(2)           Alternatively,
a Member may elect that distributions be made in nine annual cash
instalments.  The first such
instalment  shall be based on one-ninth
of the distributable shares held in the Member’s Account; the second such
instalment shall be based on one-eighth of the Member’s remaining distributable
shares; and so forth.

(3)           Instalments
shall cease if the Member is rehired by the Company or an Affiliated
Company.  In that event, any amounts not
yet undertaken shall remain in the Member’s Account until the Member again
becomes eligible for a distribution under the Plan.  Subject to Rule 9.3, any subsequent
distributions shall be made as if the Member did not previously terminate
employment (except that previously distributed amounts shall be ignored).

(4)           Distributions
to a Member shall be based upon the value of their Account as of the Valuation
Date coinciding with or immediately preceding the date of distribution.

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(5)           Notwithstanding
the foregoing provisions of this subsection (c), the Member may elect a lump
sum distribution of the remaining instalments to be paid if all of the
following conditions are met:  (1) the
Member provides written consent to the lump sum distribution and (2) the Member
has become employed by a governmental entity (or instrumentality or agency)
thereof and, due to conflict of interest rules established by such entity, the
individual is significantly limited in the ability to perform essential
functions of such employment as a result of their or her indirect ownership of
Shares.  The determination of whether the
foregoing conditions are met shall be made by the Sponsoring Company in its
sole discretion.  The distribution of the
lump sum payment shall be made as soon as practicable after the next Valuation
Date, based on the value of the Member’s Account on such Valuation Date.

(e)           Notwithstanding
the foregoing, a Member having an Account with Vested Interest of a value equal
to or less than USD 5,000 shall not be entitled to elect instalments or a
promissory note.  All distributions for
accounts of value equal to or less than USD 5,000 will be lump sum.

(f)            Instalments and
promissory note distributions shall commence as soon as administratively
feasible following the end of the Plan Year in which the Member ceases to be an
Employee due to a Qualifying Reason or which results in a break in service.

(g)           Any Shares distributed
in accordance with Rule 9 shall be subject to any put, call or other option or
buy-sell or similar arrangement which applies to such stock in accordance with
the Articles or bylaws of the Sponsoring Company or otherwise.

9.2          Lost Member/Beneficiary

Notwithstanding any other provision of the Plan, in
the event the Company, after reasonable effort, is unable to locate a Member or
Beneficiary to whom a benefit is payable under the Plan, such benefit shall not
escheat to any country or governmental body and shall be forfeited; provided,
however, that such benefit shall be reinstated (in an amount equal to the
amount forfeited) upon proper claim made by such Member of Beneficiary prior to
termination of the Plan.  The Board may
provide additional or alternative rules for the treatment of missing Members.

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9.3          Benefits
Payable Solely By Trust

All benefits payable
under the Plan shall be paid or provided for solely from the Trust.  The Trust Fund shall be the sole source of
benefits under the Plan and, the Company and the Board assume no liability or
responsibility for payment of such benefits, and each Member, Beneficiary or
other person who shall claim the right to any payment under the Plan shall be
entitled to look only to the Trust Fund for such payment and shall not have any
right, claim or demand therefor against the Company, the Board or any member
thereof, or any employee or director of the Company.

9.4          Withholding

(a)           Each Member, as a
condition of participating under the Plan, agrees to bear responsibility for
all income taxes and applicable social security or similar such taxes, if any,
which may be due on or with respect to distributions under the Plan or
otherwise in connection with the participation of a Member in the Plan.  At any time, the Employer may withhold from
any distribution the amount necessary for the Employer to meet applicable
withholding obligations. Without limitation to the above, the Trustee or the
Employer may sell, redeem, forfeit or otherwise dispose of (or procure the sale
or other disposal of) any Shares allocated to the account of a Member to
discharge any liability to withhold any income tax or applicable social
security or similar such taxes which may be due in connection with the
participation in the Plan of the Member.

(b)           Partial
Distribution Upon Vesting

A Member shall be entitled to a partial distribution
in cash equal to the tax liability, if any, they have incurred upon vesting of
matches.

9.5          No
Other Distribution

Except as provided by Rule 9 and Rule 10, a Member may
not, at any time, request the Trustee:

(a)           to sell or otherwise
dispose of the Shares held by the Trustee in trust for the Member under the
Plan; or

(b)           to transfer Shares held
by the Trustee in trust for the Member under the Plan to the Member.

9.6          No Loans

No Member shall be allowed to borrow from the Plan.

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10.  Common
Shares Diversification

10.1        Elect to Diversify

A Member may elect to diversify
any portion of their Eligible Shares in their After-Tax Accounts as described
in Rule 10.2, which have been held for a minimum of five years.

10.2        Diversification
Options

To
the extent allowed by the Participating Company, a Member will be able to
diversify their Account in Shares through one of the following options:

(a)           For Members with
Eligible Shares having a value of at least USD 50,000, the Member may sell up
to USD 50,000 or 20% of the Eligible Share value plus one Share, whichever is
greater, back to the Sponsoring Company on an annual basis;

or

(b)           For Members with
Eligible Shares having a value of less than USD 50,000, the Member may sell up
to 100% of the Eligible Share value back to the Sponsoring Company on an annual
basis.

The
value of the Eligible Shares for the diversification calculation shall be the
valued as of the most recent Valuation Date. 
Sale and payment will be made by the end of the quarter following the
Plan Year end.

10.3        Right to Reduce or Refrain from Repurchasing

The Sponsoring Company reserves the right, in managing
its liquidity in accordance with its credit and other debt agreements and
otherwise in a prudent fashion, to reduce or refrain, from repurchasing shares
tendered under the diversification program.

11.          Claims
Procedure

11.1        Claims

Any claim for benefits under the Plan shall be made in
writing to the Sponsoring Company (or its delegate).  If such claim for benefits is wholly or
partially denied, the Sponsoring Company (or its delegate) shall, within 90
days after receipt of the claim, notify the Member of the denial of the claim.

 I-14
 

11.2        Request for Review of Claim Denial

Within 60 days after the receipt by the Member of a
written notice of denial of the claim, the Member may file a written request
with the Sponsoring Company that it conducts a full and fair review of the
denial of the claim for benefits.  Such
written request shall be filed in such form and manner and at such time as the
Sponsoring Company may from time to time prescribe.

11.3        Decision on Review of Claim Denial

The Sponsoring Company (or its delegate) shall make
its determination in accordance with the documents governing the Plan.  The Sponsoring Company (or its delegate)
shall deliver to the Member its written decision on the claim within 120 days
after the receipt of the aforesaid request for review, except that if there are
special circumstances which require an extension of time, the aforesaid 120-day
period shall be extended to 180 days. 
All decisions on claims (where no review is requested) and review (if a
review is requested) shall be final and binding on all parties.

12.          Administration

12.1        Powers and Duties of Trustee

(a)           The Trustee shall have
responsibility under the Plan for the management and control of the assets of
the Plan; provided, however, that the Trustee shall invest all assets in Shares
except as is otherwise required under the terms of the Plan and Trust.

(b)           The Trustee must
promptly give to each Member on whose behalf it holds Shares  a copy of every notice of meeting and notice
concerning a rights issue or bonus issue, and any other communication received
from the Sponsoring Company, as a holder of Shares.

(c)           The Trustee shall vote
Shares held in the Trust Fund as the Trustee determines to be in the best
interests of Members.

12.2        Powers
and Duties of the Board

(a)           The Board shall have
general responsibility for the administration and operation of the Plan
(including but not limited to complying with reporting and disclosure
requirements and establishing and maintaining Plan records) and shall have the
power to waive strict compliance with any of the Rules, in the Board’s opinion,
for the benefit of the Members.

(b)           The Board (or its
delegate) shall have full discretion to construe and interpret the terms and
provisions of this Plan, which interpretation or construction shall be final
and binding on all parties, except as otherwise provided by law.

 I-15
 

(c)           The Board is authorised
to take any action as it deems desirable to correct prior incorrect allocations
or other errors.

12.3        Agents

The Board shall engage such legal counsel, certified
public accountants and other advisors and service providers who may be legal
counsel, accountants, advisors or service providers for the Sponsoring Company,
as it shall require or may deem advisable for the purposes of the Plan.  The Board may rely upon the written opinion
of such counsel and the accountants engaged by the Board and may delegate to
any such agent or to any subcommittee or member of the Board the authority to
perform any act required or permitted to be taken or performed by the Board,
including, without limitation, those matters involving the exercise of discretion,
provided that any such delegation shall be subject to revocation at any time at
the discretion of the Board.

12.4        Suspension
of the Plan

(a)           The Board may
temporarily or permanently suspend contributions (of all types) to the Plan in
its absolute discretion.  No
contributions to the Plan shall be made after the suspension date, except that
any amounts withheld or deducted from Members’ Compensation or Bonuses prior to
the suspension date shall be contributed to the Trust or returned to Members,
at the discretion of the Board.

(b)           Suspension under Rule
12.4 takes effect from the date decided by the Board and continues until the
Board resolves to recommence the Plan or terminate it.  The Board may resolve to recommence operation
of the Plan following a suspension on any conditions it thinks appropriate.

(c)            Suspension does not
affect the operation of these Rules (other than suspension of contributions)
unless the Board resolves otherwise.

12.5        Right
to Amend or Terminate Plan

The Board may resolve to terminate the Plan.   The Board may vary these Rules as it thinks
appropriate.

 I-16
 

13.          General
Provisions

13.1        All Risk on Members

Members shall assume all
risk in connection with any decrease in the value of assets of the Trust and
the Member’s Accounts.  Neither the
Participating Companies, the Board nor the Trustee shall be liable or
responsible for any decrease in the value of the assets of the Trust and the
Member’s Accounts.

13.2        Rights
to Employment Exclusion

The Plan does not form part of any contract of
employment between any Employee and their Employer or any other Company, and
does not confer directly or indirectly on any Employee any right to continue to
be employed by their Employer or any other Company.

13.3        Ceasing Employment

(1)           Any Member who ceases
to be in the employment of any Participating Company or Affiliated Company is
not entitled to any compensation for any loss of any right or benefit or
prospective right or benefit under the Plan which they might otherwise have
enjoyed whether such compensation is claimed by way of damages for wrongful or
unfair dismissal or other breach of contract or by way of compensation for loss
of office or otherwise.

(2)           Without limitation to
(1) above, no Member will have any right to any compensation for the loss of
any social security benefits or tax credits as a result of or in connection
with entering into the Plan.

13.4        Entitlements of Members

At each general meeting of the Sponsoring Company or
other meeting at which the Shares may be voted, a Member is entitled, in
relation to only the Shares allocated and credited to their Account, to direct
the Trustee to vote the Shares at the meeting in a particular way or to abstain
from voting the Shares, provided that such direction is received by the Trustee
not less than 5 business days before the meeting.

13.5        Fees, Expenses and Indemnity

(a)           The expenses of
administering the Plan including (i) the expenses incurred by the members of
the Board (or any of its delegates or any employees of Participating Companies
charged with administration and/or operation of the Plan) in the performance of
their duties under the Plan (including reasonable compensation for any legal
counsel, certified public accountants and any agents and cost of services
rendered in respect of the Plan) and (ii) all other proper charges and

 I-17
 

disbursements of the
Trust Fund or the members of the Board or other persons described in clause (i)
(including settlements of claims or legal actions brought against any such
party (and costs and expenses of defending same), approved by the Board, after
consulting with counsel to the Plan), shall be paid, to the extent permitted by
law, by the Sponsoring Company.

(b)           To the maximum extent
permitted by law, no member of the Board shall be personally liable by reason
of any contract or other instrument executed by them nor for any mistake of
judgment made in good faith, and each Employer shall indemnify and hold
harmless, directly from its own assets (including the proceeds of any insurance
policy the premiums of which are paid from the Company’s own assets), each
member of the Board and each other officer, employee, or director of the
Employer exercising or having any duty or power relating to the Plan or to the
assets of the Plan against any cost or expense 
(including counsel fees) or loss or liability arising out of any act or
omission to act in connection with the Plan unless (1) arising out of such
person’s own fraud or bad faith or (2) such amount is paid by the Trust
under subsection (a).  The indemnity
under this Rule 13.6 shall be in addition to any other rights provided under
law, the bylaws of the Company, or otherwise.

13.6        Mistake
of Fact

Notwithstanding any other provisions herein contained,
if any contribution is made due to a mistake in fact, such contribution shall
upon the direction of the Board be returned to the Company or the parties who
made it, as directed by the Company, without liability to any person.

13.7        Governing Law

Except where otherwise specifically provided herein,
these Rules and the Plan are governed by and shall be construed in accordance
with the laws of the State of California without giving effect to the doctrine
of conflict of laws, and (without prejudice to the right of either party to
proceed against the other in any other court) each party hereby irrevocably
submits to the jurisdiction of the courts of Los Angeles County, California and
of all courts competent to hear appeals from those courts in relation to any
legal action, suit or proceeding arising out of or relating to these Rules and
agrees that any such action, suit or proceeding may be brought in such
jurisdiction.

 I-18Exhibit
10.34

APPENDIX
I

Private & Confidential

Hong Kong Stock Investment Plan

Grandfathered Directors

(“HKSIP GD”)

AECOM Technology Corporation

Restated May 2006

 

Contents

 

	
  Contents

  	
   

  	
  I-i

  
	
  AECOM Technology Corporation Hong Kong Stock
  Investment Plan GD

  	
   

  	
  I-1

  
	
   

  	
   

  	
   

  
	
  1. 

  	
  Objectives and Commencement

  	
   

  	
  1

  
	
  2. 

  	
  Definitions and Interpretation

  	
   

  	
  1

  
	
  3. 

  	
  Eligibility

  	
   

  	
  5

  
	
  4. 

  	
  Participation in the Plan

  	
   

  	
  6

  
	
  5. 

  	
  Participating Company Matching Contributions

  	
   

  	
  7

  
	
  6. 

  	
  Member Contributions

  	
   

  	
  8

  
	
  7. 

  	
  Trust Fund

  	
   

  	
  9

  
	
  8. 

  	
  Vesting

  	
   

  	
  10

  
	
  9. 

  	
  Distributions

  	
   

  	
  10

  
	
  10. 

  	
  Common Shares Diversification

  	
   

  	
  13

  
	
  11. 

  	
  Claims Procedure

  	
   

  	
  14

  
	
  12. 

  	
  Administration

  	
   

  	
  15

  
	
  13. 

  	
  General Provisions

  	
   

  	
  16

  

 

 I-i

AECOM Technology Corporation

Hong Kong Stock Investment
Plan – Grandfathered Directors (“HKSIP GD”)

1.             Objectives and Commencement

1.1                               Objectives

The objectives of this Plan
are:

(a)                                  to provide Eligible Employees with an
incentive to improve the performance of the Participating Companies; and

(b)                                 improve the opportunity to enhance the share
value of the Company; and

(c)                                  to assist in the retention and motivation of
Eligible Employees; and

(d)                                 to encourage Eligible Employees to save for
their retirement.

1.2                               Operationof Plan

The
Plan will be operated in accordance with this Plan and any Trust Agreement
entered into between the Sponsoring Company and the Trustee relating to the
Plan.

1.3                               Subsidiaries

The
Sponsoring Company will exercise all voting rights and other powers of control
available to it so as to ascertain (in so far as it is able by exercise of such
powers and rights) that each other Affiliated Company complies with and gives
effect to the Plan.

1.4                               Commencement

The Plan operates on and
from 1 December 2000.

2.             Definitions and Interpretation

2.1                               Definitions

The following definitions
apply in this document.

“Account”
means the accounts (including any subaccounts established from time to time
under each such account) maintained to record the interest of a Member in the
Trust Fund.

“AECOM Global Holdings, Ltd.” means AECOM Global Holdings,
Ltd, a Jersey, Channel Islands Company controlled and appointed by the Trustee.

“AECOM Shares” means common stocks issued by the Sponsoring
Company.

 I-1
 

“Affiliated Company”
means any corporation which, at the time of reference, is a 51% or more owned
(directly or indirectly) subsidiary of the Sponsoring Company.

“After-Tax Account”
means the Account maintained for a Member that is credited with the Member’s
After-Tax Additional Member Contributions to the Plan in accordance with Rule
6.1(a) and (b), together with the allocations thereto as required by the Plan.

“After-Tax Contributions” means the amount
that a Member elects to have deducted from their Compensation on an after-tax
basis.  The After-Tax Contributions shall
be made by payroll deduction in accordance with the arrangements between the
Member and the Participating Company. 
Rule 6 contains the provisions under which After-Tax Contributions may
be made.

“Allocation Date”
means the end of each fiscal quarter including the last day of each Plan Year.

“Allocation Period”
means, at a minimum, the end of each fiscal quarter.  The Board has the discretion to, prior to the
last day of the first fiscal quarter, determine the allocation period for the
Plan Year.  The Allocation Period cannot
be less than one quarter and cannot be greater than one year.

“Applicable Local Law”
means the laws of the jurisdiction in which the Member resides at the time that
Member dies.

“Beneficiary”
means the person or persons entitled to receive benefits which are payable
under the Plan upon or after a Member’s death.

“Board” means
the board of directors of the Sponsoring Company or a committee thereof
appointed to act for the board of directors with regard to this Plan.

“Bonus” means
bonuses and incentive compensation of all types paid by a Company to an
individual during the Plan Year (excluding 13th month bonus) for the period while such
individual has been a Member of the Plan, including without limitation contract
completion bonuses and incentive compensation bonuses.

“Company”
means the Sponsoring Company and any other Participating Company, or any of
them.

“Compensation”
means the base salary and/or base wages paid or payable by a Company to an
individual during the Plan Year (including 13th month bonus) for the period while such
individual has been a Member of the Plan, together with such additional items
of compensation as shall be determined by the Participating Company.

 “Disability”
shall mean physical and/or mental incapacity of such a nature that it qualifies
a Member for the receipt of benefits under a long term disability welfare plan
maintained by a Participating Company.

“Eligible Employee”
means an Employee of a Participating Company who is eligible to participate in
the Plan under Rule 3.

 I-2
 

“Eligible Shares” means Shares credited to an Employee’s
After-Tax Account that have been held for a minimum of five years.  Eligible Shares do not include any company
match shares.

“Employee” means
a permanent, full or part-time employee or executive director of one or more
Companies or Affiliated Companies.

“Employee
Group” means the
category of Plan membership as defined in Schedule 1 of this document.

“Employer” in
relation to an Employee means the Company that employs the Eligible Employee.

“Entry Date”
means the first day of the second calendar month next following the date of the
individual becomes an employee of a Company or Affiliated Company (for example,
1 April 2006 is the Entry Date for all those who become employees is February
2006).  However, the first Entry Date
shall not be prior to the commencement date established under Rule 1.4.

“Forfeitures”
means amount forfeited under Rule 8.3, Rule 9.2 or otherwise.

“Inter-Company Transferee” means a Member who is transferred
on a temporary assignment basis from a Participating Company to an Affiliated
Company or from one Affiliated Company to another Affiliated Company after
having first been employed by a Participating Company.

“Jersey,
Channel Island Company Shares or Jersey Shares”meanscommon stock
issued by AECOM Global Holdings, Ltd. with the same rights and value as AECOM
Shares.  For purposes of determining the
number of Jersey Shares allocated to a Member’s Account, Jersey Shares shall be
rounded to that decimal.

“Matching Account”
means the Account maintained for a Member that is credited with the Matching
Contribution to the Plan on behalf of the Member in accordance with Rule 5,
together with the allocations thereto required by the Plan.

“Matching Contribution” means the contributions to the Plan
made by the Participating Company in accordance with Rule 5.

“Matching
Percentage” means the
percentage applied to contributions to the plan for determination of match
contributions as determined by the Board of Directors each plan year.  Notwithstanding the foregoing, the Board of
Directors has the discretion to modify the matching percentage each year.

“Member”
means an Eligible
Employee who has elected to participate in the Plan pursuant to an invitation
made by the Board under Rule 3, and whose participation is not terminated as
provided in Rule 4.

“Member
Contributions”
means the sum of the Member’s After-Tax contributions.

 I-3
 

“Participating Company”
means an Affiliated Company (or division thereof) which, with the approval of
the Sponsoring Company, adopts this Plan pursuant to appropriate written
resolutions of the Board or other managing body of such company.  Any such company which adopts the Plan is
thereafter a Participating Company with respect to its Employees for the
purposes of the Plan.  Unless the context
requires otherwise, “Participating Company” shall include the Sponsoring
Company.

“Plan” means
the AECOM Technology Corporation Hong Kong Stock Investment Plan —
Grandfathered Directors as amended from time to time.

“Plan Year”
means the period beginning on the commencement date established under rule
1.4.  Thereafter, “Plan Year” shall mean
the period beginning on 1 October and ending on 30 September.

“Qualifying Reason”
in relation to an Eligible Employee ceasing to be an Employee, means:

(a)                                  retirement;

(b)                                 Disability;

(c)                                  death; or

(d)                                 any other reason which the Board, in its sole
discretion, decides should be a Qualifying Reason for the purposes of these
Rules.

“Rules” means
the rules set forth in this Plan, as said rules may from time to time be
amended.

“Shares” means “AECOM Shares” or “Jersey Shares”.

“Sponsoring Company”
means AECOM Technology Corporation including any successor by merger, purchase
or otherwise.

“Trust” means
the legal entity resulting from the Trust Agreement between the Sponsoring
Company, on its own behalf and as agent for all other Participating Companies,
and the Trustee which receives the Participating Companies’ and Members’
contributions, and holds Shares, invests, and disburses funds to or for the
benefit of Members.

“Trust Agreement”
means the agreement by and between the Sponsoring Company and the Trustee, as
said Agreement may from time to time be amended.

“Trust Fund”
means all Shares and cash contributed to or acquired by the Trustee in its
capacity as such hereunder, together with accumulated income, subject to all
liabilities incurred by the Trustee in its capacity as such and less all
disbursements made in respect thereof.

“Trustee”
means the person who is appointed trustee of the Trust Fund by the Sponsoring
Company from time to time.

 I-4
 

“Valuation Date”
means 31 March, 30 June, 30 September, 31 December and any other date specified
by the Board.

“Vested Interest”
means the portion of the Member’s Matching Account which has become vested in
accordance with Rule 8 and amounts in the Member’s After-Tax Account.

“Years of Vesting Service” means, with respect to a Member, each calendar year during which
the Member completes at least 1,000 hours for which the Member is paid, or
entitled to payment, for the performance of duties for an Affiliated
Company.  All years of prior service with
a merged or acquired Affiliated Company count toward the vesting requirements.  For purposes of determining an Employee’s
hours of service, an employee who is credited with one hour of service in a
month, shall be credited with 190 hours of service.

2.2                               Ceasing to be
an Eligible Employee

For the purposes of these
Rules, an Employee ceases to be an Eligible Employee when an Affiliated Company
no longer employs the person or when their Employer ceases to be an Affiliated
Company.

2.3                               Rules for
Interpreting the Document

Headings
are for convenience only, and do not affect interpretation.  The following rules also apply in
interpreting this document, except where the context makes it clear that a rule
is not intended to apply.

(a)                                  A singular word includes the plural, and vice
versa.

(b)                                 A word that suggests one gender includes the
other gender.

(c)                                  If a word is defined, another part of speech
has a corresponding meaning.

(d)                                 If an example is given of anything (including
a right, obligation or concept), the example does not limit the scope of that
thing.

(e)                                  A reference to “US dollars”
or “US$” is to United States currency.

3.             Eligibility

Each
Employee shall be eligible to become an Eligible Employee as of the first Entry
Date following the date on which they become an Employee.  However, Eligible Employees do not include
(1) any person included in a unit of employees covered by a collective
bargaining agreement, unless such bargaining agreement specifically provides
otherwise, and (2) any person if such employee is not included in a designated
eligible payroll classification code so designated by AECOM hired after 1
December 2000.

 I-5
 

4.             Participation in the Plan

4.1                               Participation

(a)                                  The Sponsoring Company may at any time invite
an Eligible Employee to participate in the Plan in such form and manner and at
such a time as the Eligible Sponsoring Company may prescribe from time to time.

(b)                                 Any Eligible Employee shall become a Member
on the first day of the calendar month coincident with or next following the
date on which they have filed with their Employer, a completed application to
participate in the Plan in such form and manner and at such time as the
Sponsoring Company may prescribe from time to time, provided that they are an
Employee on such day.

4.2                               Content of
Application

Each
such application shall (i) authorize the automatic deduction of Member
Contributions from such Member’s Compensation and/or Bonuses or authorize such
other method of making contributions as may be required by the Sponsoring
Company; and (ii) contain such other information, conditions, understandings,
declarations and agreements as the Sponsoring Company may from time to time
require.

4.3                               Withdrawal or
Revocation of Application

Once
made, an application can be withdrawn or revoked with the consent of the Board.

4.4                               Effect of
election

By
electing to participate in the Plan, the Member agrees to be bound by these
Rules and the provisions of the Trust Agreement and, without limitation to the
above, authorizes the deductions of After-Tax Contributions from their
Compensation and Bonuses (as the case may be).

4.5                               Duration

The
participation of a Member shall end when no further benefits are payable to
them or their Beneficiary under the Plan.

4.6                               Beneficiary

(a)                                  Beneficiary Designation.  Each
Member shall file with the Company a written designation of one or more persons
as the Beneficiary who shall be entitled to receive any amount payable under
the Plan upon the Member’s death.  A
Member may from time to time revoke or change their beneficiary designation
without the consent of any prior Beneficiary by filing a new designation with
the Company.  The last such designation
received by the Company shall be controlling; provided, however, that no
designation, or change or revocation thereof, shall be 

 I-6
 

effective
unless received by the Company prior to the Member’s death, and in no event
shall it be effective as of a date prior to such receipt.  All decisions of the Board concerning the
effectiveness of any beneficiary designation, and the identity of any
Beneficiary, shall be final.  A designation
of a Beneficiary shall be effective only if the designated Beneficiary survives
the Member.

(b)                                 Failure to Designate Beneficiary.  If
no beneficiary designation or other instrument of bequest is in effect at the
time of a Member’s death, the payment of the amount, if any, payable under the
Plan upon their death shall be determined in accordance with the laws of
intestate succession under Applicable Local Law.  If the Company is in doubt as to the right of
any person to receive such amount, the Company may direct the Trustee to retain
such amount, without liability for any interest thereon, until the rights
thereto are determined, or the Company may direct the Trustee to pay such
amount into any court of appropriate jurisdiction and such payment shall be a
complete discharge of the liability of the Plan and the Trust therefore.

(c)                                  Upon the death of a Member, their
Beneficiaries shall be entitled to payment of benefits in an amount and in the
manner provided by the Plan as if the Beneficiary were the Member.

(d)                                 Notwithstanding the
foregoing, the priority of the Beneficiary designation, other instrument of
bequest, or intestacy rules, and the payment of the amount, if any, payable
under the Plan shall be determined by Applicable Local Law.  The Company and the Trustee shall have the
right to assume that the beneficiary designation is enforceable under
Applicable Local Law, and any person challenging the validity and
enforceability thereof shall have the burden of proof in any judicial
proceeding.

5.             Participating
Company Matching Contributions

5.1                               Participating
Company Matching Contributions

Each
Employer shall contribute to the Trust Fund for each Allocation Period an
amount which is sufficient to provide each Member with an allocation of Shares
as follows:

(a)                                  an amount equal to the Matching Percentage
multiplied by the aggregate Member Contributions applicable to the purchase of
Shares made by such Eligible Employee for that Allocation Period; and

(b)                                 Notwithstanding the foregoing, no
contribution (or allocation) shall be made for any Member if the resulting
allocation would result in a violation of law or jeopardize the applicable tax
securities or other special status of the Plan. 
If the amount that would otherwise be allocated is reduced, the
Participating Company Matching Contributions shall be correspondingly reduced.

5.2                               All contributions set forth shall be made in cash or Shares or any
combination thereof.   Jersey Shares and
its equivalent underlining AECOM Shares shall be valued as of the 

 I-7
 

Valuation Date coinciding with or immediately preceding the
pay date. Any contributions made in cash shall be used by the Trustee to
purchase Shares held in the Trust Fund for allocation to Members as set forth
in Rule 5.

5.3                               The Sponsoring Company may contribute all or part of the entire amount
due on behalf of one or more Participating Companies and charge the amount to
the Participating Company responsible therefore.

5.4                               On the Allocation Date, all Matching Contributions to the Plan shall be
allocated to the Matching Accounts of Members so that each Member receives the
allocation set forth in Rule 5.1 above. 
For this purpose, Shares shall be valued in US dollars ($) as of the
Allocation Date.

5.5                               With respect to a Member who diversifies to cash pursuant to Rule 10,
the Member shall be suspended from future matches until such time as the Member
repurchases through contributions the amount of Shares originally diversified.

6.                                      Member
Contributions

6.1                               Member
Contributions

After-Tax Contributions may
be made to the Plan as follows:

(a)                                  Subject to the limitations in Rule 6.2, each
Member may elect to make After-Tax Contributions to the Plan on their own
behalf in whole percentages from 1% to 25% of the Member’s Compensation for
each payroll period beginning with the payroll period next following in which
the Member commences participation in the Plan in accordance with Rule 4.1.

(b)                                 Subject to the limitations in Rule 6.2, each
Member may also elect to make After-Tax Contributions (in whole percentages up
to 100%) of any Bonuses paid to the Member beginning with the date the Member
commences participation in the Plan in accordance with Rule 4.1.

(c)                                  To make After-Tax Contributions, the Employer
will deduct from the Member’s Compensation or Bonus (by payroll withholding or
other necessary means) the amount authorized by the Member and the Employer
will pay over such amounts to the Trust Fund as soon as reasonably practicable
thereafter.

(d)                                 Such contributions shall be credited to the
Members After-Tax Account.

6.2                               Notwithstanding the provisions of Rule 6, in respect of a Member,
Member Contributions (excluding those attributable to Bonuses) for any Plan
Year shall not exceed in total 25% of such Member’s Compensation during the
Plan Year.  In addition, Member
Contributions attributable to Bonuses shall not exceed 100% of such
Bonuses.  Finally, Member Contributions
shall not be permitted to the extent prohibited by Applicable Local Law.

 I-8
 

6.3                               Subject to the provisions of Rule 6, a Member may elect, on a monthly
basis, to change, suspend or resume the rate of Member Contributions from
Member’s Compensation (or otherwise cease Member Contributions), effective as
of the first pay cheque of the following calendar month or at any other time
that the Sponsoring Company may prescribe; provided that the Member has filed
an election in such form and manner and at such time as the Sponsoring Company
from time to time may prescribe.

6.4                               Subject to the provisions of Rule 6, a Member may also elect, on an
annual basis, change, suspend or resume the rate of Member Contributions from
Member’s Bonus, effective as of the first day of the following Plan Year or the
election and effective date of the election may be at any other time that the
Sponsoring Company may prescribe, provided that the Member has filed an
election in such form and manner and at such time as the Sponsoring Company
from time to time may prescribe.

6.5                               For the purpose of Rule 6, the following shall not be deemed a change
in the Member’s rate of Member Contributions: (i) a Member’s initial election
of Contributions; and (ii) imposition of the limits of Rule 6.

6.6          No
interest shall be payable in respect of any Member Contributions.

7.             Trust Fund

7.1                               Plan Assets

All
Participating Company Matching Contributions made in accordance with Rule 5 and
Member Contributions made in accordance with Rule 6 shall be paid over to the
Trustee and held pursuant to the provisions of the Plan and the Trust
Agreement.  The Trustee shall purchase
Shares on behalf of the Members using their Member Contributions as soon as
reasonably practicable after receipt of the Member Contributions.

7.2                               Accounts

A
Member’s interest in the Trust Fund shall be reflected in their Accounts.  One or more subaccounts may be established
under each Account for such purposes as the Board deems appropriate.  The fact that separate accounts are maintained
for each Member shall not be deemed to segregate for such Member, or to give
such Member any direct interest in, any specific asset or assets in the Trust
Fund.  Notwithstanding the foregoing, the
Trust Fund shall be treated as a single trust for purposes of investment and
administration.

7.3                               Allocation of
Dividends, Splits, Recapitalizations etc

Any
Shares received, directly or indirectly, by the Trustee as a result of a
dividend or other distributions, stock split, conversion, or as a result of reorganization
or other recapitalization of the Sponsoring Company shall be allocated by the
Trustee in the same manner as the Shares to which they are attributable when
allocated.

 I-9
 

8.             Vesting

8.1                               Member
Contributions

The
After-Tax Accounts shall be fully vested at all times.

8.2                               Matching
Contributions

For
all purposes of the Plan, a Member’s Vested Interest in the Matching Account
shall be the percentage of the amount credited to their Matching Account
determined by the Board from the following vesting schedule on the basis of the
number of Years of Vesting Service.

	
  Years of Vesting Service

  	
   

  	
  Vested Interest in 

  Member’s Account

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   Less than 3 years

  	
   

  	
  0

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
   3 years or more

  	
   

  	
  100

  	
  %

  

 

8.3                               Forfeitures

The
unvested portion of a Member’s Account whose account is distributed shall be
forfeited.  A Member who ceases to be an
Employee and whose non-forfeiturable percentage in their Matching Account is
zero shall cease to be a Member.  If a
non-vested Member is reemployed, the prior Account balance shall not be
reestablished, unless the Board otherwise determines in its sole discretion.

8.4                               Accelerate
Vesting

Notwithstanding
Rule 8.2, a Member shall be fully vested in all the Shares held in their
Matching Account if their employment ceases because of a Qualifying Reason.

8.5                               Treatment of
Forfeitures

All Forfeitures shall
reduce the amount of Company contributions required by Rule 5.

9.             Distributions

9.1          Member Account Distributions

(a)                                  The
Shares allocated to a Member’s Account and the Member’s Vested Interest in the
Matching Account can only be withdrawn in accordance with the provisions of
Rules 9 and 10.  Members may request that
the shares held for them be sold to the Sponsoring Company as soon as administratively
feasible after the end of the 

 I-10
 

Plan Year
in which a Member who has ceased to be an Employee elects to receive a
distribution.  Distributions shall be
made on the date the Shares are sold and will be paid to the Member in
accordance with the provisions of Rules 9.1.

(b)                                 The number of Shares distributable hereunder
shall be the number of Shares allocated to the vested portion of Member’s
Accounts.

(c)                                  If Shares are distributed,
in accordance with the Sponsoring Company’s bylaws, the Shares shall be subject
to a repurchase obligation in exchange for a promissory note from the Company
providing for five (5) annual payments of 20% of the principal amount of the
portion of the Member Account (based on the value of the initial distributable
shares on the annual Valuation Date coinciding with or immediately preceding
the distribution) plus interest at the rate described in the bylaws of the
Company.  The Company may, in its sole
election (and with the consent of the Sponsoring Company), elect to make such
distribution in cash based on the value of the distributable shares on the Valuation
Date coinciding with or immediately preceding the distribution.

(d)                                 (1)           A
Member may request that the Shares held for him or her be sold to the Company
in five annual cash installments.  The
first such installment shall be based on one-fifth of the distributable shares
held in the Member’s Account; the second such installment shall be based on
one-fourth of the Member’s remaining distributable shares; the third such installment
shall be based on one-third of the Member’s remaining distributable shares; the
fourth such installment shall be based on one-half of the Member’s remaining
distributable shares; and the fifth such installment shall be based on the
balance of the Member’s distributable shares.

(2)                                  Alternatively, a Member may request that
distributions be made in nine annual cash installments.  The first such installment shall be based on
one-ninth of the distributable shares held in the Member’s Account; the second
such installment shall be based on one-eighth of the Member’s remaining
distributable shares; and so forth.

(3)                                  Installments shall cease if the Member is
rehired by the Company or an Affiliated Company.  In that event, any amounts not yet undertaken
shall remain in the Member’s Account until the Member again becomes eligible
for a distribution under the Plan. 
Subject to Rule 9.3, any subsequent distributions shall be made as if
the Member did not previously terminate employment (except that previously distributed
amounts shall be ignored).

(4)                                  Distributions to a Member shall be based upon
the value of theirAccount as of
the Valuation Date coinciding with or immediately preceding the date of
distribution.

 I-11
 

(5)                                  Notwithstanding the foregoing provisions of
this subsection (d), the Member may request a lump sum distribution of the
remaining installments to be paid if all of the following conditions are
met:  (1) the Member provides
written consent to the lump sum distribution and (2) the Member has become
employed by a governmental entity (or instrumentality or agency) thereof and,
due to conflict of interest rules established by such entity, the individual is
significantly limited in the ability to perform essential functions of such
employment as a result of their or her indirect ownership of Shares.  The determination of whether the foregoing
conditions are met shall be made by the Sponsoring Company in its sole
discretion.  The distribution of the lump
sum payment shall be made as soon as practicable after the next Valuation Date,
based on the value of the Member’s Account on such Valuation Date.

(e)                                  Notwithstanding the foregoing, a Member
having an Account with Vested Interest of a value equal to or less than
US$5,000 shall not be entitled to request installments or a promissory note but
rather may request that the Shares held for him or her be sold in a single lump
sum payment.

(f)                                    Installments and promissory note
distributions shall commence as soon as administratively feasible following the
end of the Plan Year in which the Member ceases to be an Employee due to a
Qualifying Reason or which results in a break in service (which shall mean a
Plan Year in which the Member has not completed more than 500 hours of
service).

(g)                                 Any shares
distributed in accordance with Rule 9 shall be subject to any put, call or
other option or buy-sell or similar arrangement which applies to such stock in
accordance with the Articles or bylaws of the Sponsoring Company or otherwise.

9.2                               Lost
Member/Beneficiary

Notwithstanding any other provision of the Plan, in the event the
Company, after reasonable effort, is unable to locate a Member or Beneficiary
to whom a benefit is payable under the Plan, such benefit shall not escheat to
any country or governmental body and shall be forfeited; provided, however,
that such benefit shall be reinstated (in an amount equal to the amount
forfeited) upon proper claim made by such Member of Beneficiary prior to
termination of the Plan.  The Board may
provide additional or alternative rules for the treatment of missing Members.

9.3                               Benefits
Payable Solely By Trust

All benefits payable under
the Plan shall be paid or provided for solely from the Trust.  The Trust Fund shall be the sole source of
benefits under the Plan and, the Company and the Board assume no liability or
responsibility for payment of such benefits, and each Member, Beneficiary or
other person who shall claim the right to any payment under the 

 I-12
 

Plan shall be entitled to
look only to the Trust Fund for such payment and shall not have any right,
claim or demand therefore against the Company, the Board or any member thereof,
or any employee or director of the Company.

9.4                               Withholding

(a)                                  Each Member, as a condition of participating
under the Plan, agrees to bear responsibility for all income taxes and
applicable social security or similar such taxes, if any, which may be due on
or with respect to distributions under the Plan or otherwise in connection with
the participation of a Member in the Plan. 
At any time, the Employer may withhold from any distribution the amount
necessary for the Employer to meet applicable withholding obligations.  Without limitations to the above, the Trustee
or the Employer may sell, redeem, forfeit or otherwise dispose of (or procure
the sale or other disposal of) any Shares allocated to the account of a Member
to discharge any liability to withhold any income tax or applicable social
security or similar such taxes which may be due in connection with the
participation in the Plan of the Member.

(b)           Partial Distribution Upon Vesting

A Member shall be entitled
to a partial distribution in cash equal to the tax liability, if any, they have
incurred upon vesting of matches.

9.5                               No Other
Distributions

Except as provided by Rule 9
and Rule 10, a Member may not, at any time, request the Trustee:

(a)                                  to sell or otherwise dispose of the Shares
held by the Trustee in trust for the Member under the Plan; or

(b)                                 to transfer Shares held by the Trustee in
trust for the Member under the Plan to the Member.

9.6                               No Loans

No Member shall be allowed to borrow from the Plan.

10.          Common
Shares Diversification

10.1                        Elect to
Diversify

A Member may request
diversification of any portion of their Eligible Shares in their After-Tax
Accounts as described in Rule 10.2, which have been held for a minimum of five
years.

 I-13
 

10.2                        Diversification Options

To the extent allowed by a Participating Company, a
Member will be able to request diversification of their Account in Shares
through one of the following options:

(a)                                  For Members with Eligible Shares having a
value of at least US$50,000, the Member may sell up to US$50,000 or 20% of the
Eligible Share value plus one Share, whichever is greater, back to the
Sponsoring Company on an annual basis;

or

(b)                                 For Members with Eligible Shares having a
value of less than US$50,000, the Member may sell up to 100% of the Eligible
Share value back to the Sponsoring Company on an annual basis.

The value of the Eligible Shares for the
diversification calculation shall be the valued as of the most recent Valuation
Date.  Sale and payment will be made by the
end of the quarter following the Plan Year end.

10.3                        Right to Reduce
or Refrain from Repurchasing

The
Sponsoring Company reserves the right, in managing its liquidity in accordance
with its credit and other debt agreements and otherwise in a prudent fashion,
to reduce or refrain, and to cause AECOM Global Holdings, Ltd. to reduce or
refrain, from repurchasing shares tendered under the diversification program.

11.          Claims Procedure

11.1                        Claims

Any claim for benefits under
the Plan shall be made in writing to the Sponsoring Company (or its
delegate).  If such claim for benefits is
wholly or partially denied, the Sponsoring Company (or its delegate) shall,
within 90 days after receipt of the claim, notify the Member of the denial of
the claim.

11.2                        Request for
Review of Claim Denial

Within 60 days after the
receipt by the Member of a written notice of denial of the claim, the Member
may file a written request with the Sponsoring Company that it conducts a full
and fair review of the denial of the claim for benefits.  Such written request shall be filed in such
form and manner and at such time as the Sponsoring Company may from time to
time prescribe.

11.3                        Decision on
Review of Claim Denial

The Sponsoring Company (or
its delegate) shall make its determination in accordance with the documents
governing the Plan.  The Sponsoring
Company (or its delegate) shall deliver to the Member its written decision on
the claim within 120 days after the receipt 

 I-14
 

of the aforesaid request for review, except that if
there are special circumstances which require an extension of time, the
aforesaid 120-day period shall be extended to 180 days.  All decisions on claims (where no review is
requested) and review (if a review is requested) shall be final and binding on
all parties.

12.          Administration

12.1                        Powers and
Duties of Trustee

(a)                                   The Trustee shall have responsibility under
the Plan for the management and control of the assets of the Plan; provided,
however, that the Trustee shall, directly or indirectly, invest all assets in
Shares except as is otherwise required under the terms of the Plan and Trust.

(b)                                  The Trustee must promptly give to each Member
on whose behalf it, directly or indirectly, holds Shares a copy of every notice
of meeting and notice concerning a rights issue or bonus issue, and any other
communication received from the Sponsoring Company, as a holder of Shares.

(c)                                   The Trustee shall vote Shares held, directly
or indirectly, in the Trust Fund as the Trustee determines to be in the best
interests of Members.

12.2                        Powers and
Duties of the Board

(a)                                  The Board shall have general responsibility
for the administration and operation of the Plan (including but not limited to
complying with reporting and disclosure requirements and establishing and
maintaining Plan records) and shall have the power to waive strict compliance
with any of the Rules, in the Board’s opinion, for the benefit of the Members.

(b)                                 The Board (or its delegate) shall have full
discretion to construe and interpret the terms and provisions of this Plan, which
interpretation or construction shall be final and binding on all parties,
except as otherwise provided by law.

(c)                                  The Board is authorized to take any action as
it deems desirable to correct prior incorrect allocations or other errors.

(d)                                 The Board may delegate (and may give to its
delegates the authority to redelegate) to any person or persons any
responsibility, power, or duty under this Plan, including, without limitation,
those matters involving the exercise of discretion, provided that any such delegation
shall be subject to revocation at any time at the discretion of the Board.

12.3                        Agents

The Board shall engage such
legal counsel, certified public accountants and other advisors and service
providers, who may be legal counsel, accountants, advisors or service providers
for the Sponsoring Company, as it shall require or may deem advisable 

 I-15
 

for the purposes of the
Plan. The Board may rely upon the written opinion of such counsel and the
accountants engaged by the Board and may delegate to any such agent or to any
subcommittee or member of the Board the authority to perform any act required
or permitted to be taken or performed by the Board, including, without
limitation, those matters involving the exercise of discretion, provided that
any such delegation shall be subject to revocation at any time at the
discretion of the Board.

12.4                        Suspension of
the Plan

(a)                                   The Board may temporarily or permanently
suspend contributions (of all types) to the Plan in its absolute
discretion.  No contributions to the Plan
shall be made after the suspension date, except that any amounts withheld or
deducted from Members’ Compensation or Bonuses prior to the suspension date
shall be contributed to the Trust or returned to Members, at the discretion of
the Board.

(b)                                  Suspension under Rule 12.4 takes effect from
the date decided by the Board and continues until the Board resolves to
recommence the Plan or terminate it.  The
Board may resolve to recommence operation of the Plan following a suspension on
any conditions it thinks appropriate.

(c)                                   Suspension does not affect the operation of
these Rules (other than suspension of contributions) unless the Board resolves
otherwise.

12.5                        Right to Amend
or Terminate Plan

The Board may resolve to terminate the Plan.  The Board may vary these rules as it thinks
appropriate.

13.          General
Provisions

13.1                        All Risk on
Members

Members shall assume all
risk in connection with any decrease in the value of assets of the Trust and
the Member’s Accounts.  Neither the
Participating Companies, the Board nor the Trustee shall be liable or
responsible for any decrease in the value of the assets of the Trust and the
Member’s Accounts.

13.2                        Rights to
Employment Exclusion

The Plan does not form part
of any contract of employment between any Employee and their Employer or any
other Company, and does not confer directly or indirectly on any Employee any
right to continue to be employed by their Employer or any other Company.

13.3                        Ceasing
Employment

Any
Member who ceases to be in the employment of any Participating Company orAffiliated Company is not entitled to any compensation for any loss of
any right or benefit or prospective right or 

 I-16
 

benefit
under the Plan which they might otherwise have enjoyed whether such
compensation is claimed by way of damages for wrongful or unfair dismissal or
other breach of contract or by way of compensation for loss of office or
otherwise.

13.4                        Entitlements of
Members

At each general meeting of
the Sponsoring Company or other meeting at which the Shares may be voted, a
Member is entitled, in relation to only the Shares allocated and credited to
their Account, to direct the Trustee to vote the Shares at the meeting in a
particular way or to abstain from voting the Shares, provided that such
direction is received by the Trustee not less than 5 business days before the
meeting.

13.5                        Fees, Expenses
and Indemnity

(a)                                  The expenses of administering the Plan
including (i) the expenses incurred by the members of the Board (or any of its
delegates or any employees of Participating Companies charged with
administration and/or operation of the Plan) in the performance of their duties
under the Plan (including reasonable compensation for any legal counsel,
certified public accountants and any agents and cost of services rendered in
respect of the Plan) and (ii) all other proper charges and disbursements of the
Trust Fund or the members of the Board or other persons described in clause (i)
(including settlements of claims or legal actions brought against any such
party (and costs and expenses of defending same), approved by the Board, after
consulting with counsel to the Plan), shall be paid, to the extent permitted by
law, by the Sponsoring Company.

(b)                                 To the maximum extent permitted by law, no
member of the Board shall be personally liable by reason of any contract or
other instrument executed by them nor for any mistake of judgment made in good
faith, and each Employer shall indemnify and hold harmless, directly from its
own assets (including the proceeds of any insurance policy the premiums of
which are paid from the Company’s own assets), each member of the Board and
each other officer, employee, or director of the Employer exercising or having
any duty or power relating to the Plan or to the assets of the Plan against any
cost or expense (including counsel fees) or loss or liability arising out of
any act or omission to act in connection with the Plan unless (1) arising
out of such person’s own fraud or bad faith or (2) such amount is paid by
the Trust under subsection (a).  The
indemnity under this Rule 13.5  shall be
in addition to any other rights provided under law, the bylaws of the Company,
or otherwise.

13.6                        Mistake of Fact

Notwithstanding any other
provisions herein contained, if any contribution is made due to a mistake in
fact, such contribution shall upon the direction of the Board be returned to
the Company or the parties who made it, as directed by the Company, without
liability to any person.

 I-17
 

13.7                        Governing Law

Except where otherwise
specifically provided herein, these Rules and the Plan are governed by and
shall be construed in accordance with the Applicable Local Law and (without
prejudice to the right of either party to proceed against the other in any
other court) each party hereby irrevocably submits to the jurisdiction of the
courts of Applicable Local Law and of all courts competent to hear appeals from
those courts in relation to any legal action, suit or proceeding arising out of
or relating to these Rules and agrees that any such action, suit or proceeding
may be brought in such jurisdiction.

 I-18

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