Document:

Executive Security Program

 Exhibit 10.2 
 EXECUTIVE SECURITY PROGRAM 
 OF 
 JACOBS ENGINEERING GROUP INC. 
 TABLE OF CONTENTS 
  

			
	 Article No.
	 	 Contents

		
	—	 	Purpose
		
	Article I	 	Definitions and Constructions
		
	Article II	 	Eligibility and Participation
		
	Article III	 	Death Benefit
		
	Article IV	 	Retirement Benefit
		
	Article V	 	Beneficiary
		
	Article VI	 	Leave of Absence
		
	Article VII	 	Source of Benefits
		
	Article VIII	 	Termination of Employment
		
	Article IX	 	Termination of Participation
		
	Article X	 	Terminations, Amendment, Modification or Supplement of Plan
		
	Article XI	 	Other Benefits and Agreements
		
	Article XII	 	Restriction on Alienation of Benefits
		
	Article XIII	 	Administration of This Program
		
	Article XIV	 	Adoption of Plan by Subsidiary, Affiliated or Associated Companies
		
	Article XV	 	Miscellaneous
		
	—	 	Signatures

  

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 PURPOSE 
 The purpose
of the Executive Security Program of JACOBS ENGINEERING GROUP INC. and its subsidiaries is to provide specified benefits to a select group of management and highly compensated employees who contribute materially to the continued growth, development
and future business success of JACOBS ENGINEERING GROUP INC. and its subsidiaries. It is the intention of JACOBS ENGINEERING GROUP INC. that this program and the individual plans established hereunder be administered as unfunded welfare benefit
plans established and maintained for a select group of management or highly compensated employees. 
 ARTICLE I 
 DEFINITIONS AND CONSTRUCTION 
 1.1 Definitions.

 For purpose of this Program, the following phrases or terms shall have the indicated meanings unless otherwise clearly apparent from the context.

  

	 	(a)	“Beneficiary” shall mean the person or persons or the estate of a Participant entitled to receive any benefits under a Plan Agreement entered into in accordance with the
terms of this Program. 

  

	 	(b)	“Board of Directors” shall mean the Board of Directors of JACOBS ENGINEERING GROUP INC. unless otherwise indicated or the context otherwise requires.

  

	 	(c)	“Committee” shall mean the Administrative Committee appointed to manage and administer the Program and individual Plan Agreements in accordance with the provisions of
Article XIV hereof. 

  

	 	(d)	“Company” shall mean JACOBS ENGINEERING GROUP INC. 

  

	 	(e)	“Employee” shall mean any person who is in the regular fulltime employment of the company, as determined by the personnel rules and practices of the Company or the
subsidiary. The term does not include persons who are retained by the Company solely as consultants. 

  

	 	(f)	“Participant” shall mean an Employee who is selected and elects to participate in the program through the execution of a Plan agreement in accordance with the provisions
of ARTICLE II. 

  

	 	(g)	“Plan Agreement” shall mean the form of written agreement, attached hereto as Annex I, which is entered into by and between the Company and an Employee selected to become
a Participant as a condition to participation in the Program. 

  

	 	(h)	“Program” shall mean the Executive Security Program of JACOBS ENGINEERING GROUP INC. as embodied herein and as amended from time to time. 

  

	 	(i)	“Retirement” and “Retire” shall mean severance of employment with the company at or after the attainment of age fifty-five (55) with at least one year
participation. 

 1.2 Construction. 
 The
masculine gender when used herein shall be deemed to include the feminine gender, and the singular may include the plural unless the context clearly indicated to the contrary. 

  

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The words “hereof,” “herein,” “hereunder,” and other similar compounds of the word “here” shall mean and refer to the
entire Program and not to any particular provision or section. Whenever the words “Article” or “Section” are used in this Program, or a cross-reference to an “Article” or “Section” is made, the Article or
Section referred to shall be an Article or Section of this Program unless otherwise specified. 
 ARTICLE II 
 ELIGIBILITY AND PARTICIPATION 
 2.1 Eligibility.

 In order to be eligible for participation in the Program, an Employee must be selected by the Committee in the year preceding the year in which the
Employee is eligible to participate in each succeeding year thereafter as hereinafter provided. The Committee, in its sole and absolute discretion, shall determine eligibility for participation in accordance with the purposes of the Program.

 2.2 Participation. 
 An Employee, having been selected
to participate in this Program by the Committee, shall, as a condition to participation, complete and return to the Committee a duly executed Plan Agreement electing to participate in the Program and agreeing to the terms and conditions thereof. The
executed Plan Agreement must be filed with the Committee at least ten (10) days prior to the first day of the year with respect to which the election to participate pertains. 
 2.3 Participation During a Period of Disability. In the event that a 
 Participant is disabled and is incapable of
executing a Plan Agreement for the forthcoming year, such Participant’s Plan Agreement for the year in which the Participant became disabled shall remain in force and effect for purpose of receipt of benefits pursuant to Articles III and IV and
payments of contributions pursuant to Article VI, until such time as Participant executes a new Plan Agreement. 
 ARTICLE III

 DEATH BENEFIT 
 3.1 Amount and
Payment of Death Benefit. 
 In the event a Participant dies before retiring and the Program is in effect at the time, the Company will pay or cause to be
paid a Death Benefit (herein so called) to such Participant’s Beneficiary in the amount or amounts set forth in his Plan Agreement and as therein specified, commencing on the first day of the month following the date of such Participant’s
death, or as otherwise specified in his Plan Agreement. 
 Notwithstanding the immediately preceding paragraph of this Section 3.1, the Company will pay
or cause to be paid the Death Benefit specified therein only if: 
  

	 	(a)	At the time of the Participant’s death prior to retirement, such Participant was an Employee, or was on authorized leave of absence, and all salary deferrals and payments
required to be made by such Participant under 3.2 et. seq. have been made, or such salary deferrals or payments were waived pursuant to Section 3.5 because of such Participant’s total disability: 

  

	 	(b)	The Participant’s Plan Agreement had been kept in force throughout the period commencing on the date of such Plan Agreement and ending on the date of his death; and

  

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	 	(c)	The Participant’s death was due to causes other than suicide within one (1) year of the date of his Plan Agreement. 

 3.2 Amount of Participant Salary Deferral and Payments. 
 Each
Participant shall defer an amount of his monthly compensation in the amounts and at such times as determined by the Committee, depending upon the amount of Death Benefit selected in a Participant’s Plan Agreement (as such amount may be changed,
from time to time, by amendment of the Plan Agreement). In the event that a Participant is authorized to take a leave of absence from employment or is disabled, the Participant shall be required to make payments to the Company in accordance with
Article VI in order to maintain his Plan Agreement in force, except as provided in Section 3.5. A Participant’s obligation to defer an amount of his monthly compensation in accordance with this Section 3.2 or to make the payments
required by Articles VI shall be stated in his Plan Agreement, shall commence on the date his Plan Agreement becomes effective, and shall continue thereafter during the term of his Plan Agreement or until the earlier of such Participant’s
death, Retirement, or attainment of age sixty-five (65). A Participant shall have the right to increase or decrease the amount of his Death Benefit initially selected by him by amending his plan Agreement in accordance with the rules adopted by the
Committee for this purpose. 
 3.3 Time and Manner of Deferring Salary or Making Payments. 
 A Participant shall, in his Plan Agreement, authorize the Company to defer a monthly amount of such Participant’s salary equal to the amount stated in
Section 3.2. A Participant who is on an authorized leave of absence or is disabled shall make the payments required in Article VI at such time and in such manner as the Company shall provide; provided, however, that the Participant shall
continue to make such payments during any period in which a portion of his salary is not being deferred or such payments have not been waived pursuant to Section 3.5. 
 3.4 Participant Salary Deferrals and Payments - Use and Forfeitability. 
 The amount of each Participant’s salary
deferred pursuant to Section 3.2 and 3.3 shall be and remain solely the property of the Company and the amount collected by the Company pursuant to section 3.2 and 3.3 from each Participant who is on an authorized leave of absence or disabled
shall be and become solely the property of the Company, and a Participant shall have no right thereto, nor shall the Company be obligated to use such amounts in any specific manner. 
 Except as provided in Article IV, if a Participant’s death occurs under circumstances other than those specified in Section 3.1, no benefit shall be payable hereunder or under his Plan Agreement to his
Beneficiary or any other person or entity on his behalf, and any payments made by such Participant under Sections 3.2 and 3.3 shall be forfeited. 
 3.5
Waiver of Participant Salary Deferral or Payments. 
 If a Participant becomes totally disabled before attaining age sixty-five, and if such total
disability continues for more than three (3) months, such Participant shall not be required to defer a portion of his salary pursuant to Sections 3.2 and 3.3 or make the payments provided for in Sections 3.2 or 3.3, beginning with the fourth
month following the date of such total disability, nor thereafter for as long as such total disability continues. 
 The Company will be obligated to waive
such required deferral arrangement or payments 

  

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only if: 
  

	 	(a)	Such Disability is due to causes other than illegal or criminal acts of the Participant, or intentionally self-caused acts; 

  

	 	(b)	The Participant was an Employee at the time he became totally disabled (or was then on authorized leave of absence) and made all payments required herein; 

 

	 	(c)	The Participant’s Plan Agreement has been kept in force until such time. 

 If, during this waiver period, a Participant attains the age of 65 and thereupon Retires, or if he shall Retire before attaining age 65, or if he shall Retire after attaining age 65, the Retirement Benefit provided in Article IV will be
paid. 
 The determination of what constitutes total disability and the removal thereof for purposes of this Article III, shall be made by the Committee, in
its sole and absolute discretion, and such determination shall be conclusive. 
 Notwithstanding the preceding provisions of this Section 3.5, the
Company will not be obligated to waive Participant salary deferral or payments under Sections 3.2 and 3.3 for any reason in the case of an Employee who initially becomes a Participant after attaining age fifty-five (55). 
 ARTICLE IV 
 RETIREMENT BENEFIT

 4.1 Normal Retirement. 
 If a Participant has
remained an Employee until age 65 and shall then Retire, and if this Participant has completed one year of participation in the Plan, and if this Program and his Plan Agreement have been kept in force, the Company will pay or cause to be paid to
such Participant, as a Retirement Benefit (herein so called), the amount per month specified in his Plan Agreement, commencing on the first day of the month following such Participant’s retirement, or as otherwise specified in his Plan
Agreement. 
 4.2 Early Retirement. 
 In the event a
Participant shall retire prior to attaining age 65 but after attaining age 55, and if this Program and his Plan Agreement have been kept in force, and if the Participant has completed one year of participation in the Plan, such Participant shall be
entitled to a Retirement Benefit in an actuarially reduced amount, as determined by the Committee in its sole and absolute discretion, commencing on the first day of the month following such Retirement, or, if so provided in such Participant’s
Plan Agreement, commencing at a later date which shall not be subsequent to the first day of the calendar month after the Participant attains age 65. 
 4.3 Late Retirement. 
 In the event a Participant shall retire after attaining age 65, and if this Program and his Plan Agreement have been
kept in force, and if the Participant has completed one year of participation in the Plan, the Company will pay or cause to be paid to such Participant, as a Retirement Benefit, the amount per month specified in his Plan Agreement, commencing on the
first day of the month following such participant’s retirement, or as otherwise specified in his Plan Agreement. In the event there is no Amount of Retirement After Age 65 Benefit specified in his Plan Agreement, such Participant shall be
entitled to receive an actuarially increased benefit as determined by the Committee in its sole and absolute discretion. 
  

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 4.4 Termination of Participation. 
 In the event a Participant ceases to participate in the Program before attaining age 65, and would otherwise be entitled to an early retirement benefit, the payment of such benefit shall not commence until the
participant shall formally retire from the Company and no death benefit shall be paid to his beneficiary under Article III. 
 4.5 Re-employment After
Retirement. 
 In the event a Participant retires from the Company and receives retirement benefit payments, such payments shall cease to be paid if the
Participant returns to active employment with the Company. The Retirement Benefit payments then remaining unpaid to such participant shall be paid upon his subsequent retirement from the Company in accordance with the payment schedule pursuant to
which payments are made under Sections 4.1,4.2, and 4.3. 
 4.6 Death. 
 If a Participant shall die after becoming entitled to a Retirement Benefit, (whether the Retirement is before, on, or after the attainment of age 65, but before the total amount payable to such Participant as a
Retirement Benefit has been paid, the Retirement Benefit payments then remaining unpaid to such Participant shall be paid to such Participant’s Beneficiary, in accordance with the payment schedule pursuant to which payments are made under
Section 4.2 and 4.3. 
 If a Participant shall die under the circumstances specified in the preceding paragraphs of this Section 4.6, then no Death
Benefit shall be paid to his Beneficiary under Article III, but such Beneficiary shall receive his Retirement Benefit payments as set forth in the preceding paragraphs of this Section 4.6. 
 4.7 Accrual of Retirement Benefit. 
 Notwithstanding any provision
contained herein which may imply or specify to the contrary, no portion of the Participant’s Retirement Benefit shall accrue to him prior to the date that he first satisfies the requirements for Retirement hereunder. 
 4.8 Forfeitability of Retirement Benefit. 
 Notwithstanding any
provision contained herein which may imply or specify to the contrary, a Participant’s right to receive a Retirement Benefit under this Program and his Plan Agreement shall be forfeitable at all times prior to the date that he first satisfies
the requirements for Retirement hereunder. 
 ARTICLE V 
 BENEFICIARY 
 A Participant shall designate his Beneficiary to receive benefits under the Program and his Plan
Agreement by completing the appropriate space in the Plan Agreement. If more than one Beneficiary is named, the shares and/or precedence of each Beneficiary shall be indicated. As a condition co any married Participant designating a Beneficiary
other than his spouse, the Committee may require the spouse’s consent. A Participant shall have the right to change the Beneficiary by submitting to the Committee a change of Beneficiary in the form attached as Annex II hereof; provided,
however, that no change of Beneficiary shall be effective until acknowledge in writing by the Committee. If the Company has any 

  

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doubt as to the proper Beneficiary to receive payments hereunder, the Company shall have the right to withhold such payments until the matter is finally
adjudicated. Any payment made by the Company in good faith and in accordance with the provisions of this Program and a Participant’s Plan Agreement shall fully discharge the Company from all further obligations with respect to such payments.

 ARTICLE VI 
 LEAVE OF
ABSENCE 
 6.1 Required Payments. 
 If a Participant
is authorized by the Company for any reason, including military, medical, or other, to take a leave of absence from employment, such Participant shall be required to make monthly payments in order to maintain his Plan Agreement in force. Such
required monthly payments shall be an amount equal to the amount of the Participant’s monthly compensation that is to be deferred under the’ terms of his Plan Agreement. A Participant required to make payments under this Section 6.1
shall continue making such required payments until the earlier of (i) the date he returns to work following a leave of absence, (ii) the date such payments are waived pursuant to Section 3.5, or (iii) the effective date that he
enters into a new Plan Agreement. If a Participant’s monthly payments are waived pursuant to Section 3.5 and subsequently the Participant returns to work, he shall be required to resume making monthly payments, in the amount specified
above, to the Company until he executes a new Plan Agreement, in order to maintain his Plan Agreement in force in accordance with Section 2.3. 
 6.2
Failure to Make Required Payments. 
 Failure to make payments required by Section 6.1 shall cause Participant’s Plan Agreement to terminate
without the necessity of any notice from either party to the other. From and after such termination, neither party shall have any further obligation to the other party under this Program or such Plan Agreement. 
 ARTICLE VII 
 SOURCE OF BENEFITS

 7.1 Benefits Payable from General Assets. 
 Amounts
payable hereunder shall be paid exclusively from the general assets of the Company, and no person entitled to payments hereunder shall have any claim, right, security interest, or other interest in any fund, trust, account, insurance contract, or
asset of the Company which may be looked to for such payment. The Company’s liability for the payment of benefits hereunder shall be evidenced only by this Program and each Plan Agreement entered into between the Company and a Participant.

 7.2 Investments to Facilitate Payment of Benefits. 
 Although the Company is not obligated to invest in any specific asset or fund, or purchase any insurance contract, in order to provide the means for the payment of any liabilities under this Program, the Company may elect to do so and, in
such event, no Participant shall have any interest whatever in such asset, fund, or insurance contract. In the event the Company elects to purchase insurance contracts on the life of a Participant as a means for making, offsetting, or contributing
to any payment, in full or in part, which may become due and payable by the Company under this Program or a Participant’s Plan Agreement, such Participant agrees to cooperate in the securing of life insurance on his life by furnishing 

  

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such information as the Company and the insurance carrier may require, including the results and reports of previous Company and other insurance carrier
physical examinations, taking such additional physical examinations as may be requested, and taking any other action which may be requested by the Company and the insurance carrier to obtain such insurance coverage. If a Participant does not
cooperate in the securing of such life insurance, or if the Company for any reason is unable to obtain life insurance in the requested amount on the life of the Participant, the Company shall have no further obligation to such Participant under this
Program, and such Participant’s Plan Agreement shall terminate. If the insurance carrier shall charge a rate other than standard to insure a Participant, then such Participant shall defer an additional amount of his monthly compensation or pay
the Company an additional amount, as the case may be, in an amount equal to the additional charge by reason of such rating. 
 7.3 Ownership of Insurance
Contracts. 
 The Company shall be the sole owner of any insurance contract or contracts acquired on the life of a Participant, with all incidents of
ownership therein, including, but not limited to, the right to cash and loan values, dividends, if any, death benefits, and the right of termination thereof, and a Participant shall have no interest whatsoever in such contract or contracts, if any,
and shall exercise none of the incidents of ownership thereof. 
 7.4 Company Obligation. 
 The Company shall have no obligation of any nature whatsoever to a Participant under this Program or a Participant’s Plan Agreement, except as otherwise expressly
provided herein and in such Plan Agreement, if the Company purchases life insurance on a Participant’s life pursuant to this Program and the circumstance of the Participant’s death preclude payment of death proceeds under the insurance
contract. 
 ARTICLE VIII 
 TERMINATION OF EMPLOYMENT 
 Neither this Program nor a Participant’s Plan Agreement, either singly or collectively, in any way obligate
the Company, or any subsidiary of the Company, to continue the employment of a Participant with the Company, or any subsidiary of the Company, nor does either limit the right of the Company, or any subsidiary of the Company, at any time and for any
reason to terminate the Participant’s employment. Termination of a Participant’s employment with the Company, or any subsidiary of the Company, for any reason, whether by action of the Company, subsidiary, or Participant, shall immediately
terminate his participation in this Program and his Plan Agreement, and all further obligation of either party thereunder, except as provided in Article 4.2. In no event shall this Program or a Plan Agreement, either singly or collectively, by their
terms or implications constitute an employment contract of any nature whatsoever between the Company, or any subsidiary, and a Participant. 
 ARTICLE IX 
 TERMINATION OF PARTICIPATION 
 A Participant reserves the right to terminate his participation in this Program and his Plan Agreement at his election at any time by giving the Company written notice of such termination. 
  

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 ARTICLE X 
 TERMINATIONS, AMENDMENT, MODIFICATION OR SUPPLEMENT OF PLAN 
 10.1 Termination. 
 The Company reserves the right to terminate, amend, modify or supplement this Program, wholly or partially, and from time to time, at any time. The Company likewise
reserves the right to terminate, amend, modify, or supplement any Plan Agreement, wholly or partially, from time to time. Such right to terminate, amend, modify, or supplement this Program or any Plan Agreement shall be exercised for the Company by
the Committee; provided, however, that: 
  

	 	(a)	No action to terminate this Program or a Plan Agreement shall be taken except upon written notice to each Participant to be affected thereby, which notice shall be given not less
than 30 days prior to such action; and 

  

	 	(b)	The Committee shall take no action to terminate this Program or a Plan Agreement with respect to a Participant or his Beneficiary after the payment of any benefit in accordance with
Article III or Article IV has commenced but has not been completed. 

 10.2 Rights and Obligations Upon Termination. 
 Upon the termination of this Program or any Plan Agreements, by either the Committee or a Participant in accordance with the provisions for such termination, neither this
Program nor the Plan Agreement shall be of any further force and effect, and no party shall have any further obligation under either this Program or any Plan Agreement so terminated. 
 ARTICLE XI 
 OTHER BENEFITS AND AGREEMENTS 
 The benefits provided for a Participant and his Beneficiary hereunder and under such Participant’s Plan Agreement are in addition to any other benefits available to
such Participant under any other program or plan of the Company for its employees, and, except as may otherwise be expressly provided for, this Program and Plan Agreements entered into hereunder shall supplement and shall not supersede, modify, or
amend any other program or plan of the Company or a Participant. Moreover, benefits under this Program and Plan Agreements entered into hereunder shall not be considered compensation for the purpose of computing contributions or benefits under any
plan maintained by the Company, or any of its subsidiaries, which is qualified under section 401 (a) of the Internal Revenue Code of 1954, as amended. 
 ARTICLE XII 
 RESTRICTION ON ALIENATION OF BENEFITS 
 No right or benefit under this Program or a Plan Agreement shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance, or charge, and any
attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge the same shall be void. No right or benefit hereunder or under any Plan Agreement shall in any manner be liable for or subject to the debts, contracts, liabilities, or torts
of the person entitled to such benefit. If any Participant or Beneficiary under this Program or a Plan Agreement should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge any right to a benefit hereunder or
under any Plan Agreement, then such right or benefit shall, in the sole and absolute discretion of the Committee, cease; and in such event, the Committee may hold or apply the same or any part thereof for the benefit of such 

  

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Participant or Beneficiary, his spouse, children, or other dependents, or any of them, in such manner and in such portion as the Committee, in its sole and
absolute discretion, may deem proper. 
 ARTICLE XIII 
 ADMINISTRATION OF THIS PROGRAM 
 13.1 Appointment of Committee. 
 The general administration of this Program, and any Plan Agreements executed hereunder, as well as construction and interpretation thereof, shall be vested in the
Committee, the number and members of which shall be designated and appointed from time to time by, and shall serve at the pleasure of, the Board of Directors. Any such member of the Committee may resign by notice in writing filled with the secretary
of the Committee. 
 Vacancies shall be filled promptly by the Board of Directors. Each person appointed a member of the Committee shall signify his
acceptance by filing a written acceptance with the secretary of the Committee. 
 13.2 Committee Officials. 
 The Board of Directors may designate one of the members of the Committee as chairman and may appoint a secretary who need not be a member of the Committee. The secretary
shall keep minutes of the Committee’s proceedings and all date, records and documents relating to the Committee’s administration of this Program and any Plan Agreements executed hereunder. The Committee may appoint from its number such
subcommittees with such powers as the Committee shall determine and may authorize one or more of its members or any agent to execute or deliver any instrument or make any payment on behalf of the Committee. 
 13.3 Committee Action. 
 All resolutions or other actions taken by the
Committee shall be by the vote of a majority of those members present at a meeting at which a majority of the members are present, or in writing by all the members at the time in office if they act without a meeting. 
 13.4 Committee Rules and Powers - General. 
 Subject to the provisions
of this Program, the Committee shall from time to time establish rules, forms, and procedures for the administration of this Program, including Plan Agreements. 
 Except as herein otherwise expressly provided, the Committee shall have the exclusive right to interpret this Program and any Plan Agreements, and to decide any and all matters arising thereunder or in connection with the administration of
this Program and any Plan Agreements, and it shall endeavor to act, whether by general rules or by particular decisions, so as not to discriminate in favor of or against any person. The Committee shall have the exclusive right to determine
(i) total disability with respect to a Participant and (ii) the degree thereof, either or both determinations to be made on the basis of such medical and/or other evidence that the Committee, in its sole and absolute discretion, may
require. Such decisions, actions, and records of the Committee shall be conclusive and binding upon the Company and all persons having or claiming to have any right or interest in or under this Program. 
  

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 13.5 Reliance on Certificates, etc. 
 The members of the Committee and the officers and directors of the Company shall be entitled to rely on all certificates and reports made by any duly appointed accountants, and on all opinions given by any duly
appointed legal counsel. Such legal counsel may be counsel for the Company. 
 13.6 Liability of Committee. 
 No member of the Committee shall be liable for any act or omission of any other member of the Committee, or for any act or omission on his own part, excepting only his
own willful misconduct. The Company shall indemnify and save harmless each member of the Committee against any and all expenses and liabilities arising out of his membership on the Committee, excepting only expenses and liabilities arising out of
his own willful misconduct. Expenses against which a member of the Committee shall be indemnified hereunder shall include, without limitation, the amount of any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in
connection with a claim asserted, or a proceeding bought, or settlement thereof. The foregoing right of indemnification shall be in addition to any other rights to which any such member may be entitled a a matter of law. 
 13.7 Determination of Benefits. 
 In addition to the powers
hereinabove specified, the Committee shall have the power to compute and certify, under this Program and any Plan Agreement, the amount and kind of benefits from time to time payable to Participants and their Beneficiaries, and to authorize all
disbursements for such purposes. 
 13.8 Information to Committee. 
 To enable the Committee to perform its functions, the Company shall supply full and timely information to the Committee on all matters relating to the compensation of all Participants, their retirement, death or other
cause for termination of employment, and such other pertinent facts as the Committee may require. 
 13.9 Manner and Time of Payment of Benefits.

 The Committee shall have the power, in its sole and absolute discretion, to change the manner and time of payment of benefits to be made to a
Participant or his Beneficiary from that set forth in the Participant’s Plan Agreement if requested to do so by such Participant or Beneficiary. 
 ARTICLE XIV 
 ADOPTION OF PLAN BY SUBSIDIARY, AFFILIATED OR ASSOCIATED COMPANIES 
 Any corporation which is a wholly owned subsidiary of the Company may, with the approval of the Board of Directors of the Company, adopt this Plan and thereby come
within the definition of Company in Article I hereof. 
 ARTICLE XV 
 MISCELLANEOUS 
 15.1 Execution of Receipts and Releases. 
 Any payment to any Participant, a Participant’s legal representative, or Beneficiary in accordance with the provisions of this Program or any Plan Agreement executed

  

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hereunder shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Company. The Company may require such Participant, legal
representative, or Beneficiary, as a condition precedent to such payment, to execute a receipt and release therefor in such form as it may determine. 
 15.2 No Guarantee of Interest. 
 Neither the Committee not any of its members guarantees the payment of any amounts which may be or becomes
due to any person or entity under this Program or any Plan Agreement executed hereunder. The liability of the Company to make any payment under this Program or any Plan Agreement executed hereunder is limited to the then available assets of the
Company. 
 15.3 Company Records. 
 Records of the Company
as to a Participant’s employment, termination of employment and the reason therefor, reemployment, authorized leaves of absence, and compensation shall be conclusive on all persons and entities, unless determined to be incorrect. 
 15.4Evidence. Evidence required by anyone under this Program and any Plan Agreement executed hereunder may be by certificate, affidavit, document, or other information
which the person or entity acting on it considers pertinent and reliable, and signed, made, or presented by the proper party or parties. 
 15.5 Notice.

 Any notice which shall be or may be given under this Program or a Plan Agreement executed hereunder shall be in writing and shall be mailed by United
States mail, postage prepaid. If notice is to be given to the Company, such notice shall be addressed to the Company, at 251 S. Lake Avenue, Pasadena, CA 911 01, marked to the attention of the Secretary, Administrative Committee, Executive Security
Plan; or, if notice to a Participant, addressed to the address shown on such Participant’s Plan Agreement. 
 15.6 Change of Address. 

Any party may, from time to time, change the address to which notices shall be mailed by giving written notice of such new address. 
 15.7 Effect of Provisions. 
 The provisions of this Program and of any
Plan Agreement executed hereunder shall be binding upon the Company and its successors and assigns, and upon a Participant, his Beneficiary, assigns, heirs, executors, and administrators. 
 15.8 Headings. 
 The titles and headings of Articles and Sections are
included for convenience of reference only and are not to be considered in the construction of the provisions hereof or any Plan Agreement executed hereunder. 
  

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 15.9 Governing Law. 
 All questions arising with respect to this Program and any Plan Agreement executed hereunder shall be determined by reference to the laws of the State of California, as in effect at the time of their adoption and execution, respectively.

 Signed this 14 day of February, 1983. 
  

			
	JACOBS ENGINEERING GROUP INC.
		
	By	 	 /s/ Dale D Myers

		 	Dale D. Myers
		 	President
		
	ATTEST:	 	 /s/ Robert J Shapiro

		 	Robert J Shapiro
		 	Secretary

  

 Page 13 of 13Executive Deferral Plan effective 6/1/1991

 EXHIBIT 10.3 
 JACOBS ENGINEERING GROUP INC. 
 1991 EXECUTIVE DEFERRAL PLAN 
 (EDP) 
 Effective June 1, 1991 

 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	Purpose	 		  	1
			
	Article 1 -	 	Definitions	  	1
			
	Article 2 -	 	Eligibility	  	4
	2.1	 	Eligibility and Participation	  	4
	2.2	 	Enrollment Requirements	  	4
			
	Article 3 -	 	Deferral Commitments	  	4
	3.1	 	Minimum Deferral	  	4
	3.2	 	Maximum Deferral	  	4
	3.3	 	Fixed Deferral Amount	  	4
	3.4	 	Deferral Commitment Period	  	5
	3.5	 	Withholding of Deferral Amounts	  	5
	3.6	 	FICA Taxes	  	5
	3.7	 	Interest Crediting Prior to Distribution	  	5
	3.8	 	Hardship	  	6
			
	Article 4 -	 	Pre-Retirement Distribution	  	6
	4.1	 	Eligibility for Pre-Retirement Distribution	  	6
	4.2	 	Amount of Distribution	  	6
			
	Article 5 -	 	Retirement Benefit	  	7
	5.1	 	Eligibility for Retirement Benefit	  	7
	5.2	 	Retirement Benefit - Payment	  	7
	5.3	 	Retirement Benefit - Amount	  	7
	5.4	 	Death Prior to Completion of Retirement Benefit	  	8
			
	Article 6 -	 	Survivor Benefit	  	8
	6.1	 	Eligibility for Survivor’s Benefit	  	8
	6.2	 	Survivor’s Benefit - Method of Payment	  	8
	6.3	 	Survivor’s Benefit - Amount	  	8
	6.4	 	Suicide	  	8
			
	Article 7 -	 	Termination Benefit	  	9
	7.1	 	Eligibility for Termination Benefit	  	9
	7.2	 	Termination Benefit	  	9

  

 -i- 

					
	 	  	 	  	Page
	Article 8 -	  	Disability	  	9
	8.1	  	Eligibility for Disability Waiver	  	9
	8.2	  	Benefits	  	10
	8.3	  	Long-Term Disability - Termination	  	10
			
	Article 9 -	  	Beneficiary	  	10
	9.1	  	Beneficiary	  	10
	9.2	  	Beneficiary Designation; Change	  	10
	9.3	  	Acknowledgment	  	10
	9.4	  	No Beneficiary Designation	  	10
	9.5	  	Doubt as to Beneficiary	  	10
	9.6	  	Discharge of Obligations	  	10
			
	Article 10 -	  	Leave of Absence	  	11
	10.1	  	Authorized Leave of Absence	  	11
			
	Article 11 -	  	Employer/Participant Liability	  	11
	11.1	  	General Assets	  	11
	11.2	  	Employer’s Liability	  	11
	11.3	  	Limitation of Obligation	  	11
	11.4	  	Participant Cooperation	  	11
	11.5	  	Unsecured General Creditor	  	11
			
	Article 12 -	  	No Guarantee of Employment	  	12
	12.1	  	No Guarantee of Employment	  	12
			
	Article 13 -	  	Termination, Amendment or Modification of the Plan	  	12
	13.1	  	Termination	  	12
	13.2	  	Amendment	  	12
	13.3	  	Termination of Plan Agreement	  	12
	13.4	  	Change in Control	  	12
	13.5	  	Termination, Modification or Amendment Following Change in Control	  	14
	13.6	  	Legal Fees To Enforce Rights After Change in Control	  	14
	13.7	  	Vesting	  	15
			
	Article 14 -	  	Other Benefits and Agreements	  	15
	14.1	  	Coordination with Other Benefits	  	15
			
	Article 15 -	  	Restrictions on Alienation of Benefits	  	15
	15.1	  	Nonassignability	  	15

  

 -ii- 

					
	 	 	 	  	Page
	Article 16 -	 	Administration of the Plan	  	15
	16.1	 	Committee Administration	  	15
	16.2	 	Committee Authority	  	15
	16.3	 	Committee Indemnity	  	15
	16.4	 	Employer’s Obligations to the Committee	  	16
	16.5	 	Committee Discretion in Payment Schedule	  	16
			
	Article 17 -	 	Claims Procedures	  	16
	17.1	 	Presentation of Claim	  	16
	17.2	 	Notification of Decision	  	16
	17.3	 	Review of a Denied Claim	  	17
	17.4	 	Decision on Review	  	17
			
	Article 18 -	 	Trust	  	17
	18.1	 	Establishment of the Trust	  	17
	18.2	 	Interrelationship of the Plan and the Trust	  	17
			
	Article 19 -	 	Miscellaneous	  	18
	19.1	 	Notice	  	18
	19.2	 	Successors	  	18
	19.3	 	Spouse’s Interest	  	18
	19.4	 	Governing Law	  	18
	19.5	 	Pronouns	  	18
	19.6	 	Headings	  	18
	19.7	 	Validity	  	18

  

 -iii- 

 EXECUTIVE DEFERRAL PLAN 
 OF 
 JACOBS ENGINEERING GROUP INC. 
 Purpose 
 The purpose of this plan is to provide specified benefits to a select group of key employees
who contribute materially to the continued growth, development and future business success of JACOBS ENGINEERING GROUP INC. and its subsidiaries. 
 Article 1 
 Definitions 
 For purposes
hereof, unless otherwise clearly apparent from the context, the following phrases or terms shall have the following indicated meanings: 
  

	1.1	“Account Balance” shall mean the sum of (i) the Deferral Amount and (ii) interest credited in accordance with all the applicable interest crediting provisions of
this Plan, less all distributions made in accordance with the Plan. 

  

	1.2	“Annual Bonus” shall mean any compensation paid under the Employer’s Incentive Bonus Plan. 

  

	1.3	“Base Annual Salary” shall mean the annual compensation that is to be paid to a Participant for each Plan Year, determined as of the first day of that year, excluding
bonuses, commissions, overtime and non-monetary awards for employment services to the Employer. 

  

	1.4	“Beneficiary” shall mean the person or persons, or the estate of a Participant, designated in accordance with Article 9, who is entitled to receive benefits under this
Plan upon the death of a Participant. 

  

	1.5	“Beneficiary Designation Form” shall mean the form established from time to time by the Board that a Participant completes, signs and returns to the Committee to designate
one or more Beneficiaries. 

  

	1.6	“Board” shall mean the Board of Directors of the Company. 

  

	1.7	“Change in Control” shall have the meaning set forth in Section 13.4. 

  

	1.8	“Claimant” shall have the meaning set forth in Section 17.1. 

  

 -1- 

	1.9	“Committee” shall mean the administrative committee appointed to manage and administer the Plan in accordance with the provisions of Article 16. 

 

	1.10	“Company” shall mean JACOBS ENGINEERING GROUP INC. 

  

	1.11	“Continuing Director” shall mean a director described in Section 13.4(b). 

  

	1.12	“Deferral Amount” shall be the sum of all of a Participant’s Base Annual Salary deferrals, Annual Bonus deferrals and, if applicable, Directors Fees deferrals.

  

	1.13	“Deferral Commitment Period” shall mean the period described in Section 3.4 of this Plan. 

  

	1.14	“Director” shall mean any member of the Board. 

  

	1.15	“Directors Fees” shall mean the annual fees paid by the Company, including retainer fees and meetings fees, as compensation for serving on the Board.

  

	1.16	“Disability” shall mean a period of disability during which a Participant qualifies for benefits under the Company’s or any of its subsidiaries’ long-term
disability program. 

  

	1.17	“Election Form” shall mean the form established from time to time by the Board that a Participant completes, signs and returns to the Committee to make an election under
the Plan. 

  

	1.18	“Employee” shall mean any person who is in the regular full-time employment of an Employer as determined by the personnel policies and practices of the Employer.

  

	1.19	“Employer” shall mean the Company and any subsidiaries of the Company that have been selected by the Board to participate in the Plan. 

  

	1.20	“Moody’s Rate” shall mean the interest rate determined and announced by the Committee at any time before the commencement of each Plan Year. The Moody’s Rate for
a Plan Year shall be the most current monthly “Seasoned Corporate Bond” rate published by Moody’s Investors Service, Inc., or any successor to that service, available prior to the announcement by the Committee. For the first Plan
Year, the Moody’s Rate shall be 9.43%. The Seasoned Corporate Bond rate is an economic indicator, based on an arithmetic average of the yields of representative bonds, including industrials, public utilities, Aaa, A, and Baa bonds, and is
calculated as a monthly average of the composite yield. 

  

	1.21	“Participant” shall mean any Employee or Director who (i) is selected to participate in the Plan, (ii) elects to participate in the Plan, (iii) signs a Plan
Agreement, an Election Form and a Beneficiary Designation Form, (iv) the signed Plan Agreement, Election Form and Beneficiary Designation Form are returned to and accepted by the Committee and (v) neither the Plan nor the Plan Agreement
has terminated. 

  

 -2- 

	1.22	“Participation Year” shall mean with respect to any Participant, any Plan Year in which a Participant is at any time during such year a Participant. Notwithstanding the
previous sentence, “Participation Year” shall not include any years prior to the first Plan Year in which a Participant actually has any amount deferred under this Plan. 

  

	1.23	“Plan” shall mean the 1991 Executive Deferral Plan of the Employer which is defined by this instrument and by each Plan Agreement. 

  

	1.24	“Plan Agreement” shall mean the form of written agreement which is entered into by and between the Employer and a Participant. Each Plan Agreement executed by a
Participant shall provide for the entire benefit to which such Participant is entitled to under the Plan, and the Plan Agreement bearing the latest date shall govern such entitlement. 

  

	1.25	The “Plan Year” shall, for the first Plan Year, begin on June 1, 1991, and end on December 31, 1991. For each Plan Year thereafter, the Plan Year shall begin on
January 1 of each year and continue through December 31 of the same year. 

  

	1.26	“Pre-Retirement Distribution” shall mean the distribution provided for in Article 4. 

  

	1.27	“Retirement Benefit” shall mean the retirement benefit provided for in Article 5. 

  

	1.28	“Retirement Date” shall be the earlier of the first day of the month in which the Participant (i) attains the age of sixty-five (65), (ii) is sixty
(60) years of age or older and has completed ten (10) Years of Service, or (iii) is terminated as a result of a long-term disability under the Employer’s policies and practices. 

  

	1.29	“Retirement Distribution Date” shall mean the last day of the month in which a Participant has both (i) reached or passed his or her Retirement Date and (ii) has
actually ceased being an Employee or Director other than by death. 

  

	1.30	“Survivor’s Benefit” shall mean the benefit provided for in Article 6. 

  

	1.31	“Termination Benefit” shall mean the termination benefit provided for in Section 7.2. 

  

	1.32	“Termination of Employment” shall mean with respect to an Employee or Director the cessation of employment or a Director’s position, as the case may be, voluntarily
or involuntarily, and, except as provided in Article 8 and Article 10, shall exclude cessation as a result of an authorized leave of absence, retirement, Disability or death. If a Participant is both an Employee and a Director, Termination of
Employment shall occur only upon the termination of last held position. 

  

	1.33	“Trust” shall mean the trust established pursuant to that certain Trust Agreement, dated as of June 1, 1991, between the Company and the Trustee named therein, as
amended from time to time. 

  

	1.34	“Unforeseeable Financial Emergency” shall have the meaning set forth in Section 3.8(b). 

  

 -3- 

	1.35	“Years of Service” shall mean the total number of years, that a Participant is an Employee or a Director, including, without limitation, periods of Disability and leaves
of absence prior to Termination of Employment, as provided under Article 8 and Article 10. 

 Article 2 
 Eligibility 
  

	2.1	Eligibility and Participation. The Committee, in its sole discretion, shall establish eligibility qualifications for participation in the Plan. Participation shall be limited
to a select group of management and highly compensated employees of the Employer. 

  

	2.2	Enrollment Requirements. As a condition of participation, each Participant so selected shall complete, sign and return to the Committee a Plan Agreement, an Election Form and
a Beneficiary Designation Form, and shall comply with all further conditions that may be established by the Committee. 

 Article 3 
 Deferral Commitments 
  

	3.1	Minimum Deferral. A Participant must defer during each Plan Year of the Deferral Commitment Period at least one of the following minimum amounts: 

  

	 	(a)	In the case of an Employee, $2,000 of his or her Base Annual Salary; or 

  

	 	(b)	In the case of a Director who is not an Employee, a percentage that is anticipated to equal $2,000 of his or her Directors Fees. 

 A Participant shall not be permitted to defer any portion of his or her Annual Bonus unless he or she meets one of the minimum Deferral requirements set
forth in this Section. If a Participant first becomes a Participant after the first day of a Plan Year, or in the case of the first Plan Year of the Plan itself, at the election of the Employee on the Election Form, the minimum deferral described in
(a) shall be an amount equal to $2,000, multiplied by a fraction, the numerator of which is the number of complete months remaining in the Plan Year and the denominator of which is 12. 
  

	3.2	Maximum Deferral. For each Plan Year of the Deferral Commitment Period, a Participant may defer up to fifty percent (50%) of his or her Base Annual Salary, fifty percent
(50%) of his or her Annual Bonus (except as noted in Section 3.5) and, if applicable, up to one hundred percent (100%) of his or her Directors Fees. 

  

	3.3	Fixed Deferral Amount. Except as provided in Section 3.5, the annual deferral selected by a Participant shall be the same for each Plan Year of the Deferral Commitment
Period. A Base Annual Salary deferral shall be a fixed dollar amount, and an Annual Bonus or Directors Fees deferral shall be a fixed percentage of the applicable annual bonus or fee. 

  

 -4- 

 In no event shall an annual deferral amount be decreased during the Deferral Commitment Period. An annual
deferral amount may only be increased (i) prior to the commencement of the Plan Year to which such annual deferral amount relates and (ii) with the approval of the Committee. 
  

	3.4	Deferral Commitment Period. The “Deferral Commitment Period” for each Participant shall be a fixed period of four (4) consecutive Plan Years commencing with
the 1991 Plan Year unless otherwise designated by the Committee. 

  

	3.5	Withholding of Deferral Amounts. The portion of the Base Annual Salary elected to be deferred annually shall be withheld in equal amounts over the Plan Year. The portion of
Annual Bonus and Directors Fees being deferred shall be withheld at the time the Annual Bonus or Directors Fees would otherwise be paid to the Participant. Notwithstanding the above, for such first Plan Year, Participants can elect to:

  

	 	(a)	Defer the total Base Annual Salary deferral in that first Plan Year, 

  

	 	(b)	Defer an amount equal to the amount in Article 3.5(a) above multiplied by a fraction, the numerator of which is the number of complete months remaining in the first Plan Year, and
the denominator of which is twelve (12). 

  

	 	(c)	Defer from Base Annual Salary an amount equal to Article 3.5(b), above. In addition, the difference between Articles 3.5(a) and 3.5(b) would be deferred from the Annual Bonus for
the first Plan Year (in addition to any Annual Bonus election). For the first Plan Year only, the total Annual Bonus deferral could exceed fifty percent (50%) by nature of this provision. 

  

	3.6	FICA Taxes. For each Plan Year of the Deferral Commitment Period, the Employer shall ratably withhold from that portion of the Participant’s Base Annual Salary and/or
Annual Bonus that is not being deferred, the Participant’s share of FICA taxes based on an amount equal to the Base Annual Salary and/or Annual Bonus before reduction by the amount deferred. If necessary, the Committee shall reduce the amount
deferred in order to comply with this Section 3.6. 

  

	3.7	Interest Crediting Prior to Distribution. 

  

	 	(a)	Except as provided in Section 3.7(b) and Section 3.7(c) below, interest shall be credited annually on a Participant’s Account Balance at 125% of the Moody’s
Rate. For purposes of this crediting, all amounts deferred during a Plan Year shall be treated as having been deferred as of the beginning of the Plan Year. Such interest crediting shall be made up to the date of the Pre-Retirement Distribution, the
Retirement Date, the date of the Participant’s death or the date of Termination of Employment, depending on whether the benefit is paid under Article 4, 5, 6 or 7, respectively. 

  

 -5- 

	 	(b)	In the event of a Termination of Employment, interest shall be credited in the manner provided in Section 3.7(a), but at the rate provided for in Section 7.2.

  

	 	(c)	In the event of a Participant’s suicide, interest shall be credited in accordance with Section 6.4. 

  

	3.8	Hardship. 

  

	 	(a)	If a Participant experiences an Unforeseeable Financial Emergency as described in Section 3.8(b) below, the Participant may petition the Committee to (i) suspend any
deferrals required by the Plan Agreement and/or (ii) receive a distribution from the Plan. Any approval of such a petition shall be made at the sole discretion of the Committee. If the Committee approves a distribution, the distribution shall
be made within sixty (60) days of the date of approval. The distribution may not exceed the Participant’s Account Balance as of the last day of the month prior to the date of the Committee’s approval of the petition, calculated as if
such Participant were receiving a Termination Benefit as of such date. 

  

	 	(b)	An “Unforeseeable Financial Emergency” shall mean an unexpected need for cash arising from an illness, casualty loss, sudden financial reversal, transfer of place of
employment or other such unforeseeable occurrence, all as determined in the sole discretion of the Committee. 

 Article 4

 Pre-Retirement Distribution 
  

	4.1	Eligibility for Pre-Retirement Distribution. A Participant may elect to receive a Pre-Retirement Distribution from the Plan to be received in or after the eighth
Participation Year. This election shall be irrevocable and shall be made on the Election Form, which form is to be delivered to the Committee prior to the commencement of the Deferral Commitment Period. 

  

	4.2	Amount of Distribution. The amount of the Pre-Retirement Distribution shall be any amount not to exceed the electing Participant’s Account Balance at the end of the
Participation Year prior to the Participation Year selected on the Election Form for the distribution. The Pre-Retirement Distribution may not be made prior to the eighth (8th) Participation Year. At the election of the Participant (on the
Election Form), this amount shall be distributed or, in the case of installment payments, shall start distribution within ninety (90) days of the January 1st of the Participation Year selected on the Election Form in one of the following
manners: 

  

	 	(a)	In a lump sum equal to the Total Account Balance at the end of the Participation Year prior to the Participation Year selected on the Election Form for the distribution; or

  

 -6- 

	 	(b)	In a lump sum equal to a fixed dollar amount. Such fixed dollar amount shall be chosen by the Participant on the Election Form. Any remaining amounts in the Account Balance, after
completion of the Pre-Retirement Distribution, shall remain in the Plan to be paid under the other provisions of the Plan; or 

  

	 	(c)	In four or fewer annual consecutive installments of a fixed dollar amount. Such fixed dollar amount shall be chosen by the Participant on the Election Form. Interest on the unpaid
Account Balance shall be credited at 125% of Moody’s. Any remaining amounts in the Account Balance, after completion of the Pre-Retirement Distribution, shall remain in the Plan to be paid under the other provisions of the Plan; or

  

	 	(d)	In four or fewer annual consecutive installments so that the total Account Balance is completely distributed over the elected installment period. Interest on the unpaid Account
Balance shall be credited at 125% of Moody’s. 

 If the amount of Pre-Retirement Distribution elected by the Participant
exceeds the total Account Balance at any time during the Pre-Retirement Distribution period, only the amount remaining in the Account Balance shall be distributed to the Participant and the Employer shall have no further liability under the Plan.

 Article 5 
 Retirement Benefit

  

	5.1	Eligibility for Retirement Benefit. If the Participant ceases to be an Employee or a Director for any reason other than death, including without limitation, retirement or a
Termination of Employment after the Retirement Date, the Employer shall pay the Retirement Benefit to the Participant (or his or her Beneficiary) as provided in Section 5.2 and Section 5.3 below. 

  

	5.2	Retirement Benefit - Method of Payment. The Retirement Benefit may be paid in a lump sum, or in installments over a period of 60, 120, or 180 months at the sole discretion of
the Committee. The lump sum payment shall be made, or installment payments shall commence, within sixty (60) days of the Retirement Distribution Date and in the case of installment payments, shall continue until the Retirement Benefit is paid
in full. 

  

	5.3	Retirement Benefit - Amount. If the Retirement Benefit is paid in a lump sum, it shall be the retired Participant’s Account Balance determined as of the Retirement
Distribution Date. If the Retirement Benefit is paid in installments, it shall be a constant monthly payment, determined at the beginning of each Plan Year by monthly amortization of the remaining Account Balance over the remaining payment period.
Interest on the unpaid balance will be credited for the remaining periods at 125% of the Moody’s Rate established for each of the subsequent Plan Years. 

  

 -7- 

	5.4	Death Prior to Completion of Retirement Benefit. If the Participant dies after the Retirement Date and prior to the completion of the Retirement Benefit payments, the retired
Participant’s designated Beneficiary will receive any unpaid Retirement Benefit payments due the Participant, either at the times they were to be received by the Participant, or in a lump sum, as determined by the Committee in its sole
discretion. If this Section 5.4 applies, a designated Beneficiary shall not be entitled to any benefits provided for under Article 6. 

 Article 6 
 Survivor Benefit 
  

	6.1	Eligibility for Survivor’s Benefit. If a Participant dies before the Retirement Date and before Termination of Employment, the Employer shall pay the Survivor’s
Benefit to the deceased Participant’s Beneficiary, provided that all of the following conditions are met: 

  

	 	(a)	the Participant’s death was determined not to be from a bodily or mental cause or causes, the information about which was withheld, knowingly concealed, or falsely provided by
the Participant, when requested by the Employer to furnish evidence of good health; and 

  

	 	(b)	proof of the Participant’s death is furnished to the Committee in such form as determined acceptable by the Committee. 

  

	6.2	Survivor’s Benefit - Method of Payment. The Survivor’s Benefit may be paid in a lump sum, or in installments over a period of 60, 120, or 180 months at the sole
discretion of the Committee. The lump sum payment shall be made, or installment payments shall commence within sixty (60) days of the date the Participant died and in the case of installment payments, shall continue until the Survivor’s
Benefit is paid in full. 

  

	6.3	Survivor’s Benefit - Amount. If the Survivor’s Benefit is paid in a lump sum, it shall be the retired Participant’s Account Balance determined as of the date
the Participant died. If the Survivor’s Benefit is paid in installments, it shall be a constant monthly payment, determined at the beginning of each Plan Year by monthly amortization of the remaining Account Balance over the remaining payment
period. Interest on the unpaid balance will be credited for the remaining periods at 125% of the Moody’s Rate established for each of the subsequent Plan Years. 

  

	6.4	Suicide. In the event of a Participant’s suicide within twenty-four months of the first deferral of any Deferral Commitment Period, the Employer shall be obligated to
pay to the Participant’s designated Beneficiary the Participant’s portion of the Deferral Amount, without interest, and no other Survivor’s Benefit shall be payable. 

  

 -8- 

 Article 7 
 Termination Benefit 
  

	7.1	Eligibility for Termination Benefit. If a Participant experiences a Termination of Employment prior to the Retirement Date, the Employer shall pay to the Participant the
Termination Benefit. 

  

	7.2	Termination Benefit. The Termination Benefit is a sum equal to the Participant’s Account Balance determined as provided in this Section 7.2, as of the date of
Termination of Employment, and shall be paid in a lump sum within ninety (90) days following the Termination of Employment. In determining the Account Balance for purposes of this Article 7 only, interest shall be calculated in the manner
provided in Section 3.7(a) above, but using the applicable interest rate set forth in the following schedules: 

  

			
	 Number of
 Participation Years
	  	 Interest Crediting Rate

		
	 For Employees:
	  	
	 Less than 2 years
	  	0
	 More than 2 but less than 7
	  	Moody’s Rate
	 7 or more
	  	125% of Moody’s Rate
		
	 For Directors:
	  	
	 All years
	  	125% of Moody’s Rate

 In the event a Participant is both an Employee and Director, interest shall be credited under the
Employee schedule. 
 Article 8 
 Disability 
  

	8.1	Eligibility for Disability Waiver. If a Participant suffers a Disability during any Plan Year during the Deferral Commitment Period, the Participant’s annual deferral
amount for that Plan Year or any subsequent Plan Year shall, except as provided in this Section 8.1, be as set forth in his or her Election Form for the first six (6) months that a Participant suffers from a Disability, and the withholding
of the Participant’s monthly deferral amounts, calculated in accordance with Section 3.5, shall be met from the Participant’s taxable portion of the disability benefit under the Employer’s long-term disability program. Should the
monthly deferral amount exceed one hundred percent (100%) of the taxable disability benefit, the Participant’s deferral obligation shall be excused to the extent of that excess. If a Participant’s Disability exceeds six
(6) consecutive months, the Participant shall be excused from making any additional deferrals while he or she is suffering from a Disability. 

  

 -9- 

	8.2	Benefits. A Participant suffering a Disability, but not terminated as a result of long-term disability under the Employer’s policies and practices, shall continue to be
considered a Participant and shall be eligible for the benefits provided for in Articles 4, 5, 6 or 7 in accordance with the provisions of those Articles. 

  

	8.3	Long-Term Disability - Termination. For a Participant who is terminated as a result of disability under the Employer’s policies and practices, the provisions of Article
5 shall apply for purposes of Account Balance distribution and interest crediting. 

 Article 9 
 Beneficiary 
  

	9.1	Beneficiary. Each Participant shall have the right, at any time, to designate any person or persons as his or her Beneficiary or Beneficiaries (both primary as well as
contingent) to receive any benefits payable under the Plan to a Beneficiary upon the death of a Participant. 

  

	9.2	Beneficiary Designation; Change. A Participant shall designate his or her Beneficiary or Beneficiaries by completing and signing the Beneficiary Designation Form, and
returning it to the Committee. A Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form. 

  

	9.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Committee.

  

	9.4	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided above, or if all designated Beneficiaries predecease the Participant or die prior to
complete distribution of the Participant’s benefits, then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the benefits remaining under the Plan to be
paid to a Beneficiary shall be payable to the executor or personal representative of the Participant’s estate. 

  

	9.5	Doubt as to Beneficiary. If the Committee has any doubt as to the proper Beneficiary to receive payments pursuant to this Plan, they shall have the right to withhold such
payments until this matter is resolved to their satisfaction. 

  

	9.6	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge the Employer from all further obligations under this
Plan with respect to the deceased Participant and all of his or her Beneficiaries. 

  

 -10- 

 Article 10 
 Leave of Absence 
  

	10.1	Authorized Leave of Absence. If a Participant is authorized by the Employer for any reason to take a paid leave of absence from employment, such Participant shall continue to
be considered employed as an Employee or Director and shall be required to maintain the level of deferrals set forth in his or her Plan Agreement in order to keep the Plan Agreement in full force and effect. If such leave of absence is unpaid, the
Participant shall continue to be considered employed as an Employee or Director and will be excused from making deferrals until the unpaid leave of absence ends; provided, however, that if the unpaid leave of absence continues beyond three
consecutive months, the Participant shall be treated as having incurred a Termination of Employment as of the end of such three month period and the Participant shall receive the Termination Benefit in accordance with Article 7. In the case of a
conflict between this Article 10 and Article 8, Article 8 shall prevail. 

 Article 11 
 Employer/Participant Liability 
  

	11.1	General Assets. Amounts payable to a Participant shall be paid from the general assets of the Employer exclusively. 

  

	11.2	Employer’s Liability. The Employer’s liability for the payment of benefits shall be defined only by this Plan, as entered into between the Employer and a
Participant. 

  

	11.3	Limitation of Obligation. The Employer shall have no obligation to a Participant under the Plan, except as expressly provided for in the Plan. 

  

	11.4	Participant Cooperation. The Participant must cooperate with the Employer and the Committee in furnishing all information requested by the Employer and/or Committee in order
to facilitate the payment of benefits, and the administration and operations of this Plan. Such information may include taking a physical examination, or other actions, and such cooperation shall extend beyond the termination of the Plan Agreement
and the Employee’s Participation in the Plan. 

  

	11.5	Unsecured General Creditor. Participants, their Beneficiaries and their permitted heirs, successors and assigns shall have no legal or equitable rights, interest or claims in
any property or assets of the Employer. Any and all of the Employer’s assets shall be, and remain, the general, unpledged unrestricted assets of the Employer. The Employer’s obligations under the Plan shall be merely that of an unfunded
and unsecured promise of the Employer to pay money in the future. 

  

 -11- 

 Article 12 
 No Guarantee of Employment 
  

	12.1	No Guarantee of Employment. Nothing in this Agreement shall be construed as altering in any manner the employment relationship with an Employee or Director, which is hereby
acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, with or without cause, unless otherwise expressly provided in a written employment agreement. All terms and conditions of an
Employee’s or Director’s current employment shall remain the same. Nothing in this Plan creates, or is meant to create, any obligation on the part of the Employer to keep an Employee or Director employed by the Employer or not to terminate
an Employee or Director at any time and for any reason. 

 Article 13 
 Termination, Amendment or Modification of the Plan 
  

	13.1	Termination. The Company reserves the right to terminate the Plan at any time. Upon termination of the Plan, the Participant’s Account Balance shall be paid out in
accordance with the benefits that the Participant would receive if there had occurred a Termination of Employment with respect to the Participant on the date of Plan termination or, if such termination occurs after the Retirement Date, the
Participant had retired on the date of Plan termination. Notwithstanding the above, the termination of the Plan shall not affect any Participant or Beneficiary who has become entitled to the payment of benefits under the Plan as of the date of
termination. 

  

	13.2	Amendment. The Company may, at any time, amend or modify the Plan in whole or in part, provided, however, that no amendment or modification shall be effective to decrease or
restrict a Participant’s Account Balance in existence at the time the amendment or modification is made, calculated as if there had occurred a Termination of Employment with respect to such Participant as of the effective date of the amendment
or, if such amendment occurs after the Retirement Date, the Participant had retired as of the effective date of the amendment. The amendment or modification of the Plan shall not affect any Participant or Beneficiary who has become entitled to the
payment of benefits under the Plan as of the date of the amendment or modification. 

  

	13.3	Termination of Plan Agreement. Absent the earlier termination, modification or amendment of the Plan, the Plan Agreement of any Participant shall terminate upon the full
payment of the applicable benefit provided under Articles 4, 5, 6, or 7, as the case may be. 

  

	13.4	Change in Control. 

  

	 	(a)	All benefits accrued under the Plan as of the date of a Change of Control shall thereafter be paid in accordance with the terms and conditions of this Plan. However, if at any time
during a period of three years following a Change of Control 

  

 -12- 

	 	    	of the Company, the employment of a participant by the Employer is terminated (i) by the Employer for any reason other than for Cause, or (ii) by the Participant for just
reason, then all benefits, including all interest at the full 125% of Moody’s rate shall apply and not at the rates applicable in Section 7.2. Such amounts will thereupon be immediately due and payable in full, less any withholdings
required by law, to such Participant, and within ten business days thereafter the Employer, or any successor corporation of the Employer shall deliver payment of such Account Balance to such Participant. 

  

	 	    	A Participant shall be deemed to have terminated his or her employment for just reason if he or she resigns voluntarily after a demotion, a material reduction in his or her
authority or responsibility or any reduction in his or her compensation or after being notified of a relocation of his or her work place that would materially increase the commuting distance from his or her then current principal residence.

  

	 	    	A Participant shall be deemed to have been terminated by the Employer for cause only if such participant has been terminated by reason of (i) a willful failure by such
Participant to substantially perform his or her duties other than a failure resulting from the Participant’s incapacity due to physical or mental illness, or (ii) a willful act by the Participant that constitutes gross misconduct and is
materially injurious to the Employer. No act or failure to act by a Participant shall be considered “willful” unless committed without good faith and without a reasonable belief that the act of omission was in the best interests of the
Employer. 

  

	 	(b)	As used in this Plan, “Change of Control” means the occurrence of any of the following events: 

  

	 	(i)	Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, hereinafter “Person”) becomes the beneficial owner,
directly or indirectly, of securities of the Company representing twenty-five percent (25%) or more of the combined voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing under special
circumstances) having the right to vote at elections of directors; 

  

	 	(ii)	A change in the composition of the Board as a result of which fewer than two-thirds (2/3rds) of the incumbent directors are Continuing Directors; or 

 

	 	(iii)	A change of control that would be required to be reported in a proxy statement pursuant to Item 5(f) of Schedule 14A of Regulation 14A under the Securities Exchange Act of
1934. 

  

	 	    	An individual shall be considered a “Continuing Director” on a particular date if he or she either (i) had been a member of the Board twenty-four (24) months
prior to such date or (ii) was elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the members of the Board twenty-four (24) months prior to such date and who were still in office at the time of
the election or nomination. 

  

 -13- 

	13.5	Termination, Modification or Amendment Following Change in Control. Following a Change in Control, neither the Company, any subsidiary of the Company nor any corporation,
trust or other Person that succeeds to all or any substantial portion of the assets of the Company shall have the right to terminate, modify, or amend a Plan Agreement in effect prior to such Change in Control, and all benefits under such Plan
Agreement shall thereafter be paid in accordance with the terms of such Plan Agreement as in effect immediately prior to such Change in Control. Any provision of this Plan to the contrary shall be construed in accordance with this Section 13.5.

  

	13.6	Legal Fees To Enforce Rights After Change in Control. The Company is aware that upon the occurrence of a Change in Control, the Board (which might then be composed of new
members) or a shareholder of the Company or of any successor corporation might then cause or attempt to cause the Company or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Company to
institute, or may institute, litigation seeking to deny Participants the benefits intended under the Plan. In these circumstances, the purpose of the Plan could be frustrated. It is the intent of the Company that Participants not be required to
incur the expenses associated with the enforcement of their rights under the Plan by litigation or other legal action, because the cost and expense thereof would substantially detract from the benefits intended to be extended to Participants
hereunder, and that Participants not be bound to negotiate any settlement of their rights under the Plan under threat of incurring such expenses. Accordingly, if, following a Change in Control, it should appear to any Participant that the Company
has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Company or any other Person takes any action to declare the Plan or any agreement hereunder void or unenforceable or institutes any litigation or
other legal action designed to deny, diminish or to recover from any Participant the benefits intended to be provided to each Participant under the Plan, and such Participant has substantially complied with all of his or her obligations under the
Plan and any such agreement, then the Company irrevocably authorizes such Participant from time to time to retain counsel of his or her choice at the expense of the Company to represent such Participant in connection with the initiation or defense
of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder or other person affiliated with the Company or any successor thereto in any jurisdiction. Notwithstanding any existing or prior
attorney-client relationship between the Company and such counsel, the Company irrevocably consents to each Participant’s entering into an attorney-client relationship with such counsel, and in that connection the Company and each Participant
agree that a confidential relationship shall exist between each such Participant and his counsel. The Company shall pay or reimburse each Participant for all reasonable fees and expenses of counsel selected by such Participant from time to time on a
regular, periodic basis from presentation of a statement or statements prepared by such counsel in accordance with its customary practices up to a maximum aggregate amount of $500,000. 

  

 -14- 

	13.7	Vesting. Notwithstanding anything that may be construed to the contrary in this Plan, a Participant shall at all times be 100% vested in his or her Deferral Amount.

 Article 14 
 Other
Benefits and Agreements 
  

	14.1	Coordination with Other Benefits. The benefits provided for a Participant and Participant’s Beneficiary under the Plan are in addition to any other benefits available to
such Participant under any other plan or program for employees of the Employer. The Plan shall supplement and shall not supersede, modify or amend any other such plan or program except as may otherwise be expressly provided.

 Article 15 
 Restrictions on Alienation of Benefits 
  

	15.1	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
transfer, hypothecate or convey in advance of actual receipt, the amounts if any, payable hereunder, or any part thereof. No part of the amounts payable shall, prior to actual payment, be subject to any claims of creditors and, in particular, they
shall not be subject to attachment, garnishment, seizure or sequestration by any creditor for the payment of any debts, judgments, obligations, alimony or separate maintenance owed by a Participant. 

 Article 16 
 Administration of the Plan

  

	16.1	Committee Administration. The general administration of this Plan, as well as construction and interpretation thereof, shall be the responsibility of the Committee, the
number of members of which shall be designated and appointed from time to time by, and shall serve at the pleasure of the Board. 

  

	16.2	Committee Authority. Subject to the Plan, the Committee shall from time to time establish rules, forms and procedures for the administration of the Plan. Except as otherwise
expressly provided, the Committee shall have the exclusive right to interpret the Plan and to decide any and all matters arising thereunder. The Committee’s decisions shall be conclusive and binding upon all persons having or claiming to have
any right or interest under the Plan. 

  

	16.3	Committee Indemnity. No member of the Committee shall be liable for any act or omission of any other member of the Committee, nor for any act or omission on his own part,
excepting his or her own willful misconduct. The Employer shall indemnify and save harmless each member of the Committee against any and all expenses and liabilities 

  

 -15- 

	    	arising out of his or her membership on the Committee, with the exception of expenses and liabilities arising out of his or her own willful misconduct. 

  

	16.4	Employer’s Obligations to the Committee. To enable the Committee to perform its functions, each Employer shall supply full and timely information to the Committee on all
matters relating to the compensation of all Participants, their retirement, death, Disability or Termination of Employment, and such other pertinent facts as the Committee may require. 

  

	16.5	Committee Discretion in Payment Schedule. The Committee shall also have the power, at its sole discretion, to change the manner and timing of payments to be made to a
Participant or Participant’s Beneficiary from that set forth in the Participant’s Plan Agreement, if requested to do so by such Participant or Beneficiary. 

 Article 17 
 Claims Procedures 
  

	17.1	Presentation of Claim. Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may
deliver to the Committee a written claim for a determination with respect to the amounts (i) credited to (or deducted from) such Claimant’s Participant’s Account Balance, or (ii) distributable to such Claimant from the Plan. If
such a claim relates to the contents of a notice received by the Claimant, the claim must be made within 60 days after such notice was received by the Claimant. The claim must state with particularity the determination desired by the Claimant.

  

	17.2	Notification of Decision. The Committee shall consider a Claimant’s claim within a reasonable time, and shall notify the Claimant in writing: 

 

	 	(a)	that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or 

  

	 	(b)	that the Committee has reached a conclusion contrary, in whole or in part, to the Claimant’s requested determination, and such notice must set forth in a manner calculated to
be understood by the Claimant: 

  

	 	(i)	the specific reason(s) for the denial of the claim, or any part of it; 

  

	 	(ii)	specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

  

	 	(iii)	a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary; and

  

 -16- 

	 	(iv)	an explanation of the claim review procedure set forth in Section 17.3. 

  

	17.3	Review of a Denied Claim. Within sixty (60) days after receiving a notice from the Committee that a claim has been denied, in whole or in part, a Claimant (or the
Claimant’s duly authorized representative) may file with the Committee a written request for a review of the denial of the claim. Thereafter, but not later than thirty (30) days after the review procedure began, the Claimant (or the
Claimant’s duly authorized representative): 

  

	 	(a)	may review pertinent documents; 

  

	 	(b)	may submit written comments or other documents; and/or 

  

	 	(c)	may request a hearing, which the Committee, in its sole discretion, may grant. 

  

	17.4	Decision on Review. The Committee shall render its decision on review promptly, and not later than sixty (60) days after the filing of a written request for review of
the denial, unless a hearing is held or other special circumstances require additional time, in which case the Committee’s decision must be rendered within 120 days after such date. Such decision must be written in a manner calculated to be
understood by the Claimant, and it must contain: 

  

	 	(a)	specific reasons for the decision; 

  

	 	(b)	specific reference(s) to the pertinent Plan provisions upon which the decision was based; and 

  

	 	(c)	such other matters as the Committee deems relevant. 

 Article 18 
 Trust 
  

	18.1	Establishment of the Trust. The Company shall establish the Trust. The Employer shall at least annually transfer over to the Trust such assets as the Committee determines, in
its sole discretion, are necessary to provide for the Employer’s future liabilities created with respect to the Deferral Amounts and interest credits for that year. 

  

	18.2	Interrelationship of the Plan and the Trust. The provisions of the Plan and the Plan Agreement shall govern the rights of a Participant to receive distributions pursuant to
the Plan. The provisions of the Trust shall govern the rights of the Employer, Participant and the creditors of the Employer to the assets transferred to the Trust. The Employer shall at all times remain liable to carry out its obligations under the
Plan. The Employer’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust. 

  

 -17- 

 Article 19 
 Miscellaneous 
  

	19.1	Notice. Any notice given under the Plan shall be in writing and shall be mailed to: 

 JACOBS ENGINEERING GROUP INC. 
 Employee Benefits 
 251 South Lake Avenue 
 Pasadena, California
91101 
  

	19.2	Successors. The Plan shall be binding upon the Employer and its respective successors or assigns, and upon a Participant, the Participant’s Beneficiaries and the
Participant’s permitted assigns, heirs, executors and administrators. 

  

	19.3	Spouse’s Interest. The interest in the benefits hereunder of a spouse of a Participant who has predeceased the Participant shall automatically pass to the Participant
and shall not be transferable by such spouse in any manner including but not limited to such spouse’s will, nor shall such interest pass under the laws of intestate succession. 

  

	19.4	Governing Law. The Plan and Plan Agreement shall be governed by and construed under the laws of the State of California, as in effect at the time of their adoptions and
executions, respectively. 

  

	19.5	Pronouns. Masculine pronouns wherever used shall include feminine pronouns and the singular shall include the plural. 

  

	19.6	Headings. The headings of the articles, sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of any of
its provisions. 

  

	19.7	Validity. In the event any provision of this Plan shall be illegal or invalid for any reason, the illegality or invalidity of that provision shall not affect the remaining
parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein. 

 IN WITNESS WHEREOF JACOBS ENGINEERING GROUP INC. has signed this Plan document this 31st day of May, 1991. 
  

			
	“Company”
	JACOBS ENGINEERING GROUP INC.
		
	By:	 	 /s/ John W. Prosser Jr.

	Title:	 	Senior Vice President Finance and Administration
		 	(Officer of the Company)

  

 -18-

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