Document:

Exhibit
10.29

AECOM
TECHNOLOGY CORPORATION /

UMA GROUP
LTD.

EMPLOYEE
STOCK PURCHASE PLAN

TABLE OF
CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  PURPOSE

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  DEFINITIONS

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  ELIGIBILITY

  	
   

  	
  4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  STOCK SUBJECT TO THIS PLAN: SHARE LIMITATIONS

  	
   

  	
  4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  OFFERING PERIODS

  	
   

  	
  4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  PARTICIPATION

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  METHOD OF PAYMENT OF CONTRIBUTIONS

  	
   

  	
  6

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  GRANT OF OPTION

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
   

  	
  EXERCISE OF OPTION

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
   

  	
  DELIVERY

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
   

  	
  COMPANY MATCHING

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  DIVERSIFICATION

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  TERMINATION OF EMPLOYMENT; CHANGE IN ELIGIBLE STATUS

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  ADMINISTRATION

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
   

  	
  DESIGNATION OF BENEFICIARY

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  TRANSFERABILITY

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  USE OF FUNDS: INTEREST

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  REPORTS

  	
   

  	
  12

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.

  	
   

  	
  ADJUSTMENTS OF AND CHANGES IN THE STOCK

  	
   

  	
  12

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  POSSIBLE EARLY TERMINATION OF PLAN AND OPTIONS

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.

  	
   

  	
  TERM OF PLAN: AMENDMENT OR TERMINATION

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.

  	
   

  	
  NOTICES

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  23.

  	
   

  	
  CONDITIONS UPON ISSUANCE OF SHARES

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24.

  	
   

  	
  PLAN CONSTRUCTION

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25.

  	
   

  	
  EMPLOYEES’ RIGHTS

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  26.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  27.

  	
   

  	
  TAX WITHHOLDING

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  28.

  	
   

  	
  SALE

  	
   

  	
  16

  

 

 i

AECOM TECHNOLOGY CORPORATION/

UMA GROUP
LTD. EMPLOYEE STOCK PURCHASE PLAN

The following
constitute the provisions of the AECOM Technology Corporation/UMA Group Ltd.
Employee Stock Purchase Plan.

1.                                      PURPOSE

The purpose of this Plan is to assist Eligible Employees in acquiring a
stock ownership interest in AECOM Technology Corporation (the “Company). This
Plan is also intended to encourage Eligible Employees to participate in the
success of the Company and UMA Group Ltd. (or any other Participating Employer)
and to provide them with an additional incentive to advance the best interests
of the Company.

2.                                      DEFINITIONS

Capitalized terms used herein which are not otherwise defined shall
have the following meanings.

“Account” means the bookkeeping
account maintained by the Company, or by a recordkeeper on behalf of the
Company, for a Participant pursuant to Section 7(a).

“Board” means the Board of
Directors of the Company.

“Bonus” means amounts payable to
Participants under the Company’s Incentive Compensation Program or Presidential
Bonus Program.

“Bylaws” means the bylaws of the
Company set out in the Company’s “Certificate of Incorporation and Bylaws”.

“Committee” means the Global
Stock and Pension Committee as appointed by the Board to administer this Plan
pursuant to Section 14.

“Common Stock” means the Common
Stock, par value $.001 per share, of the Company, and such other securities or
property as may become the subject of Options pursuant to an adjustment made
under Section 19.

“Common Valuation Price” has the
meaning ascribed thereto in the Bylaws.

“Company” means AECOM Technology
Corporation, a Delaware corporation, and its successors and assigns.

“Company Match Shares” means the
Shares to be delivered to a Participant who exercises an Option to acquire
Shares with his or her Contributions on an Exercise Date. Company Match Shares
may be expressed as a number of Shares or a percentage (which

may exceed 100%) of the Shares acquired by the Participant with his or
her Contributions.

“Compensation” means an Eligible
Employee’s regular gross pay for a regular work week, excluding, for greater
certainty, overtime payments, commissions, prizes, awards, relocation or
housing allowances, stock option benefits, stock appreciation rights,
restricted stock benefits, performance awards (including, without limitation,
any Bonus), auto allowances, tuition reimbursement and other forms of imputed
income, special payments, fees and allowances and all other forms of
remuneration other than regular salary or wages.

“Contribution” means an amount
credited to the Account of a Participant pursuant to Section 7(a) or Section
7(b).

“Disability” means a physical or
mental impairment affecting an Eligible Employee in respect of which he or she
is entitled to benefits under a long-term disability plan maintained by the
Company

“Effective Date” means May 1,
2006.

“Eligible Employee” means any
individual employed in Canada by a Participating Employer and who is not
eligible to participate in any other employee stock purchase plan of the Company.
Notwithstanding the foregoing, “Eligible Employee” shall not include any
employee:

(a)                                  who
has been employed by the Company or a Subsidiary for less than 30 days;

(b)                                 whose
customary employment is for 20 hours or less per week; or

(c)                                  whose
participation in the Plan is not permitted pursuant to the applicable laws of a
foreign jurisdiction.

“Exchange Act” means the United
States Securities Exchange Act of 1934, as amended from time to time.

“Exercise Date” means, with
respect to an Offering Period, the last day of that Offering Period.

“Fair Market Value” on any date
means:

(a)                                  if
the Common Stock is listed or admitted to trade on a national securities
exchange, the closing price of a Share on the Composite Tape, as published in
the Western Edition of The Wall Street Journal, of the principal national
securities exchange on which such stock is so listed or admitted to trade, on
such date, or, if there is no trading of the Common Stock on such date, then
the closing price of a Share as quoted on such Composite Tape on the next
preceding date on which there was trading in the Shares;

(b)                                 if
the Common Stock is not listed or admitted to trade on a national securities
exchange, the last/closing price for a Share on such date, as furnished by the
National Association of Securities Dealers, Inc. (“NASD”)
through the NASDAQ National Market Reporting System or a similar organization
if the NASD is no longer reporting such information;

(c)                                  if
the Common Stock is not listed or admitted to trade on a national securities
exchange and is not reported on the National Market Reporting System, the mean
between the bid and asked price for a Share on such date, as furnished by the
NASD or a similar organization; or

(d)                                 if
the Common Stock is not listed or admitted to trade on a national securities
exchange, is not reported on the National Market Reporting System and if bid
and asked prices for the Common Stock are not furnished by the NASD or a
similar organization, the value of a Share as established by the Committee at such
time for purposes of this Plan.

“Grant Date” means the first day
of each Offering Period, as determined by the Committee.

“Offering Period” means, with
respect to a Participant, the regular payroll period applicable to such
Participant’s Compensation as determined by the Participating Employer that
employs such Participant, which will generally be a monthly or bi-weekly
period, or such other period as may be specified by the Committee and
communicated to the Participants in advance thereof.

“Option” means the right to
acquire Shares granted to a Participant pursuant to Section 8.

“Option Price” means the per
share exercise price of an Option as determined in accordance with Section
8(b).

“Participant” means an Eligible
Employee who has elected to participate in this Plan and who has filed a valid
and effective Subscription Agreement pursuant to Section 6.

“Participating Employer” means
the Company and any Subsidiary which has been designated as such by the Company
for the purposes of the Plan.

“Plan” means this AECOM
Technology Corporation/UMA Group Ltd. Employee Stock Purchase Plan, as amended
from time-to-time.

“Rule 16b-3” means Rule 16b-3 as
promulgated by the Securities and Exchange Commission under Section 17 of the
Exchange Act, as amended from time to time.

“Share” means a share of Common
Stock.

“Subscription Agreement” means
the written agreement filed by an Eligible Employee with the Company pursuant
to Section 6 to participate in this Plan.

“Subsidiary” means any
corporation (other than the Company) in an unbroken chain of corporations
(beginning with the Company) in which each corporation (other than the last
corporation) owns stock possessing 50% or more of the total combined voting
power of all classes of stock in one or more of the other corporations in the
chain.

“Years of Vesting Service”
means, with respect to an Eligible Employee, each calendar year during which
the Eligible Employee completes at least 1,000 hours for which the Eligible
Employee is paid, or entitled to payment, for the performance of duties for a
Participating Employer or is on an approved leave of absence from a
Participating Employer. Except as may otherwise be determined by the Committee,
an Eligible Employee shall be given credit for vesting purposes under the Plan
in accordance with this definition of “Years of Vesting Service” for each year
of service with a predecessor to a Participating Employer, including any entity
acquired by or merged with a Participating Employer. An Eligible Employee who
is credited with at least one hour of service in a month shall be credited with
190 hours of service or purposes of determining his or her Years of Vesting
Service.

3.                                      ELIGIBILITY

Any person employed as an Eligible Employee as of a Grant Date shall be
eligible to participate in this Plan during the Offering Period in which such
Grant Date occurs, subject to the Eligible Employee satisfying the requirements
of Section 6.

4.                                      STOCK
SUBJECT TO THIS PLAN: SHARE LIMITATIONS

Subject to the provisions of Section 20, the capital stock that may be
delivered under this Plan will be shares of the Company’s authorized but
unissued Common Stock and any of its shares of Common Stock held as treasury
shares. The maximum number of Shares that may be delivered pursuant to Options
granted under this Plan is 7,000,000 Shares, subject to adjustments pursuant to
Section 20 (the “Aggregate Limit”). In the event
that all of the Shares made available under this Plan are subscribed prior to
the termination of this Plan, (1) the Shares available shall be allocated for
purchase by Participants in the current Offering Period on a pro-rata basis
determined with respect to Participants’ Account balances and (2) no additional
Offering Periods shall commence until and unless the Plan is duly amended, and
any required consents are obtained, to increase the Aggregate Limit.

5.                                      OFFERING
PERIODS

During the term of this Plan, the Company will offer Options to
purchase Shares in each Offering Period to all Participants in that Offering
Period. Each Option shall become effective on the Grant Date. The term of each
Option shall be the duration of the related Offering Period and shall end on
the Exercise Date. The Committee, in its sole discretion, shall determine the
date on which the first (or any other) Offering Period shall commence, which
may be at any time on or after the Effective Date. Offering Periods shall
continue until this Plan is terminated in accordance with Section 21 or 22, or
if earlier, until no Shares remain available for Options pursuant to Section 4.

6.                                      PARTICIPATION

(a)                                  An
Eligible Employee may become a Participant by completing a Subscription
Agreement on a form approved by and in a manner prescribed by the Committee (or
its delegate) specifying the Contributions to be made by the Eligible Employee
from his or her Compensation or Bonus. To become effective, a Subscription
Agreement must be signed by the Eligible Employee and filed with the Company in
accordance with Section 6(b) and must set forth a whole percentage (or, if the
Committee so provides, a stated amount) of the Eligible Employee’s Compensation
to be credited to the Participant’s Account as a Contribution each pay period
or, where the Eligible Employee elects to apply all or part of his or her Bonus
to acquire Shares hereunder, a whole percentage (or, if the Committee so
provides, a stated amount) of such Bonus to be credited to the Participant’s
Account as a Contribution.

(b)                                 Notwithstanding
the foregoing, a Participant’s Contribution election shall be subject to the
following limitations:

(i)                                     a
Participant may not elect to contribute more than twenty five percent (25%) of
his or her Compensation each pay period as a Contribution;

(ii)                                  a
Subscription Agreement which provides for Contributions to be made from an
Eligible Employee’s Compensation during an Offering Period shall be filed with
the Company within the time specified by the Committee, but in all cases prior
to the start of the Offering Period with respect to which it is to be
effective;

(iii)                               a Subscription Agreement
which provides for a Contribution to be made from an Eligible Employee’s Bonus
shall be filed with the Company within the time specified by the Committee; and

(iv)                              such
other limits, rules, or procedures as the Committee may prescribe.

(c)                                  A
Subscription Agreement in respect of Contributions from an Eligible Employee’s
Compensation shall contain the Eligible Employee’s authorization and consent to
the Participating Employer’s withholding from such Compensation the amount of
such Eligible Employee’s Contributions. An Eligible Employee’s Subscription
Agreement in respect of Contributions from Compensation, and his or her
participation election and withholding consent therein, shall remain valid for
all Offering Periods until (i) the Eligible Employee’s participation in the
Plan terminates pursuant to the terms hereof, (ii) the Eligible Employee files
a new Subscription Agreement that becomes effective, or (iii) the Committee
requires that a new Subscription Agreement be executed and filed by the
Eligible Employee.

(d)                                 A
Subscription Agreement in respect of Contributions from an Eligible Employee’s
Bonus shall contain the Eligible Employee’s authorization and consent to the
Participating Employer’s withholding from such Bonus the amount of such
Eligible Employee’s Contribution. An Eligible Employee’s Subscription Agreement
in respect of Contributions from his or her Bonus as Contributions shall apply
only with respect to the next Bonus payable following receipt by the Company of
the Participant’s election. A Participant shall file a separate Subscription
Agreement with the Company with respect to each subsequent Bonus that the
Participant wishes to apply (in whole or in part) as a Contribution.

7.                                      METHOD
OF PAYMENT OF CONTRIBUTIONS

(a)                                  The
Company shall maintain on its books, or cause to be maintained by a record
keeper, an Account in the name of each Participant. The percentage (or amount)
of Compensation elected to be applied as Contributions by a Participant shall
be deducted from such Participant’s Compensation on each payday during the
period for payroll deductions set forth below and such payroll deductions shall
be credited to that Participant’s Account as soon as administratively
practicable after such date. Except as otherwise provided under this Plan or as
authorized by the Committee in its discretion, a Participant may not make any
additional payments to his or her Account. A Participant’s Account shall be
reduced by any amounts used to pay the Option Price of Shares acquired, or by
any other amounts distributed pursuant to the terms hereof.

(b)                                 The
percentage (or amount, as the case may be) of Bonus elected to be applied as a
Contribution by a Participant shall be credited to the Participant’s Account as
soon as administratively practicable after the Bonus becomes payable and the
amount of the Bonus payable to the Participant in cash shall be reduced
accordingly.

(c)                                  Payroll
deductions with respect to an Offering Period shall commence as of the first
day of the payroll period which coincides with or immediately follows the applicable
Grant Date and shall end on the last day of the payroll period which coincides
with or immediately precedes the applicable Exercise Date, unless sooner
terminated by the Participant as provided in this Section 7 or until his or her
participation terminates pursuant to Section 13.

(d)                                 Subject
to applicable law, during leaves of absence from a Participating Employer, a
Participant may not continue making Contributions under this Plan.

(e)                                  During
an Offering Period, a Participant may discontinue, increase or decrease the
level of his or her Contributions from Compensation by filing with the Company,
on such terms as the Committee (or its delegate) may prescribe, a new
Subscription Agreement that indicates such election. An election pursuant to
this Section 7(e) shall be effective no earlier than the first payroll period
of the month that starts after the Company’s receipt of such election.

(f)                                    With
respect to subsequent Offering Periods, a Participant may discontinue,
increase, or decrease the level of his or her Contributions from Compensation
(within Plan limits) by completing and filing with the Company, on such terms
as the Committee (or its delegate) may prescribe, a new Subscription Agreement.
Subject to any limits, rules or procedures prescribed by the Committee, an
election pursuant to this Section 7(f) shall be effective with the first
Offering Period that commences after the Company’s receipt of such election.

8.                                      GRANT
OF OPTION

(a)                                  On
each Grant Date, each Eligible Employee who is a Participant during that Offering
Period shall be granted an Option to purchase a number of Shares. The Option
shall be exercised on the Exercise Date. Subject to Section 4, the number of
Shares subject to the Option shall be determined by dividing the Participant’s Account
balance as of the applicable Exercise Date by the Option Price.

 (b)                              The
Option Price for each Share subject to an Option for an Offering Period shall
be 100% of the Fair Market Value on the applicable Grant Date.

9.                                      EXERCISE
OF OPTION

Unless a Participant’s Plan participation is terminated as provided in
Section 13, his or her Option to purchase Shares in respect of an Offering
Period shall be exercised automatically on the Exercise Date for that Offering
Period, without any further action on the Participant’s part, and the maximum
number of whole Shares subject to such Option shall be purchased at the Option
Price with the balance of such Participant’s Account.

If any amount which is not sufficient to purchase a whole Share remains
in a Participant’s Account after the exercise of his or her Option on the
Exercise Date: (i) such amount shall be credited to such Participant’s Account
for the next Offering Period, if he or she is then a Participant; or (ii) if
such Participant is not a Participant in the next Offering Period, or if the
Committee so elects, such amount shall be refunded to such Participant as soon
as administratively practicable after such date. If the Share limit in Section
4 is reached on an Exercise Date, any amount that remains in a Participant’s
Account after the exercise of his or her Option on such Exercise Date to
purchase the number of Shares that he or she is allocated pursuant to Section 4
shall be refunded to the Participant as soon as administratively practicable
after such date.

A Participant shall be 100% vested at all times with respect to Shares
acquired under an Option with his or her Contributions.

10.                               DELIVERY

As soon as administratively practicable after the Exercise Date, the
Company shall deliver to each Participant a certificate representing the Shares
purchased upon exercise of his or her Option or may make available an
alternative arrangement for delivery of Shares to a recordkeeping service on
behalf of each Participant. The Committee (or its delegate), in its discretion,
may either require or permit Participants to elect that such

certificates representing the Shares purchased or to be purchased under
the Plan be delivered to such recordkeeping service. In the event the Company
is required to obtain authorization from any regulatory authority to issue any
such certificate, the Company will seek to obtain such authorization. If the
Company is unable to obtain from any such regulatory authority authorization
which counsel for the Company deems necessary for the lawful issuance of any
such certificate, or if for any other reason the Company can not issue or
deliver Shares and satisfy Section 24, the Company shall be relieved from
liability to any Participant except that the Company shall return to each
Participant the Contributions credited to his or her Account immediately prior
to the applicable Exercise Date.

11.                               COMPANY
MATCHING

(a)                                  At
the end of each calendar quarter, the Company shall deliver or pay to each Participant
who has exercised an Option during such calendar quarter Company Match Shares
or a combination of Company Match Shares and a cash payment. The number of
Company Match Shares and the amount of any cash payment to be provided to a
Participant under this Section 11(a) shall be determined by the Company in its
discretion prior to the end of the applicable calendar quarter Period and
communicated to the Participant. 

(b)                                 The
delivery and holding of Company Match Shares shall be subject to the terms and
conditions set out in Section 10.

(c)                                  A
Participant shall be one hundred percent vested, at all times, in the amount of
any cash payment provided to him or her under Section 11(a). Any Company Match
Shares credited to a Participant prior to the date on which the Participant
completes three (3) continuous Years of Vesting Service shall be entirely
unvested. All Company Match Shares held pursuant to Section 10 on behalf of a
Participant on the date on which the Participant completes three (3) continuous
Years of Vesting Service shall immediately become fully vested and all Company
Match Shares credited to the Participant on or after such date shall be
immediately and fully vested. A Participant who terminates employment with a
Participating Employer shall forfeit and have no right or interest with respect
to any unvested Company Match Shares. No amount shall be paid to or in respect
of a Participant, as damages or otherwise, in respect of the forfeiture of
unvested Company Match Shares.

12.                               DIVERSIFICATION

A Participant may elect to diversify any portion of the Shares in his
or her Account acquired with his or her Contributions (excluding, for greater
certainty, any Company Match Shares) which have been held for a minimum of five
years (“Eligible Shares”) on the following terms and conditions:

(a)                                  Diversification
Options

For Participants with Eligible Shares having a Fair Market Value of at
least US$50,000, to the extent allowed by the Company, the Participant may
apply to the Company, in the form prescribed by it, to sell up to US$50,000 or
20% of the Eligible Share value plus one Share, whichever is greater, back to
the Company or its wholly owned Subsidiary AECOM Global, Inc. on an annual
basis;

or

For Participants with Eligible Shares having a Fair Market Value of
less than US$50,000, to the extent allowed by the Company, the Participant may
apply to the Company in the form prescribed by it, to sell up to 100% of the
Eligible Share value back to the Company or its wholly owned Subsidiary AECOM
Global, Inc on an annual basis.

Subject to the Bylaws, purchases under this Section 12 shall be made at
the Common Valuation Price.

(b)                                 The
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,
postpone or refrain from, repurchasing Shares tendered under this Section 12.

13.                               TERMINATION
OF EMPLOYMENT; CHANGE IN ELIGIBLE STATUS

(a)                                  If
a Participant ceases to be an Eligible Employee for any reason (except as
provided in Section 13(b)), or if the Participant elects to terminate Contributions
pursuant to Section 7(e), at any time prior to the last day of an Offering
Period in which he or she participates, all amounts then credited to the
Participant’s Account will be refunded to him or her in cash and, where the
Participant has ceased to be an Eligible Employee (except as provided in
Section 13(b)) all then unvested Company Match Shares shall be forfeited
in accordance with Section 11.

(b)                                 If
a Participant (i) ceases to be an Eligible Employee during an Offering Period
but remains an employee of a Participating Employer through the Exercise Date,
or (ii) during an Offering Period commences a sick leave, military leave, or
other leave of absence approved by the Participant’s employer or authorized by
law, and the Participant is an employee of a Participating Employer as of the
applicable Exercise Date, subject to applicable law, such Participant’s
Contributions shall cease and the Contributions previously credited to the
Participant’s Account for that Offering Period shall be used to exercise the
Participant’s Option as of the applicable Exercise Date in accordance with
Section 9.

(c)                                  A
Participant’s termination or discontinuance of Plan participation in an
Offering Period precludes the Participant from again participating in this Plan
during that Offering Period. However, such termination shall not have any
effect upon his or her ability to participate in any succeeding Offering
Period, provided that the

applicable eligibility and participation requirements are again then
met. A Participant’s termination or discontinuance of Plan participation shall
be deemed to be a revocation of that Participant’s Subscription Agreement and
such Participant must file a new Subscription Agreement to resume Plan
participation in any succeeding Offering Period. Unless otherwise determined by
the Company, a Participant who ceases to be employed by a Participating
Employer, is subsequently rehired by a Participating Employer and again becomes
an Eligible Employee shall for all purposes under the Plan, including the
determination of Years of Vesting Service, be treated as a new Eligible
Employee without regard for his or her prior employment with a Participating
Employer.

(d)                                 For
purposes of this Plan, if a Participating Employer ceases to be a Participating
Employer, each person employed by that former Participating Employer will be
deemed to have terminated employment for purposes of Sections 13(a) and
13(e) and will no longer be an Eligible Employee.

(e)                                  Notwithstanding
any other provision of the Plan, an individual shall not be considered to have
terminated employment with a Participating Employer for purposes of the Plan if
such individual immediately transfers from employment with one Participating
Employer to employment with another Participating Employer.

14.                               ADMINISTRATION

(a)                                  The
Board shall appoint the Committee. Each member of the Committee, in respect of
any transaction at a time when an affected Participant may be subject to
Section 17 of the Exchange Act, shall be a “non-employee director” within the
meaning of Rule 16b-3. The Board may, at any time, increase or decrease the
number of members of the Committee, may remove from membership on the Committee
all or any portion of its members, and may appoint such person or persons as it
desires to fill any vacancy existing on the Committee, whether caused by
removal, resignation, or otherwise.

(b)                                 Unless
otherwise determined by the Board, the Committee shall supervise and administer
this Plan and shall have full power and discretion to adopt, amend and rescind
any rules deemed desirable and appropriate for the administration of this Plan
and not inconsistent with the terms of this Plan, and to make all other
determinations necessary or advisable for the administration of this Plan,
including the designation of any Subsidiary as a Participating Employer. The
Committee shall act by majority vote or by unanimous written consent. No member
of the Committee shall be entitled to act on or decide any matter relating
solely to himself or herself or solely to any of his or her rights or benefits
under this Plan. The Committee shall have full power and discretionary
authority to construe and interpret the terms and conditions of this Plan,
which construction or interpretation shall be final and binding on all parties
including the Company, all other Participating Employers, Participants and
beneficiaries. The Committee

may delegate ministerial non-discretionary functions to third parties,
including individuals who are officers or employees of the Company.

(c)                                  Subject
only to compliance with the express provisions hereof, the Board and Committee
may act in their absolute discretion in matters within their authority related
to this Plan. Any action taken by, or inaction of, the Company, any
Participating Employer, the Board or the Committee relating or pursuant to this
Plan shall be within the absolute discretion of that entity or body and will be
conclusive and binding upon all persons. In making any determination or in
taking or not taking any action under this Plan, the Board or Committee, as the
case may be, may obtain and may rely on the advice of experts, including
professional advisors to the Company. No member of the Board or Committee, or
officer or agent of any Participating Employer, will be liable for any action,
omission or decision under the Plan taken, made or omitted in good faith.

15.                               CURRENCY
PROVISIONS

(a)                                  Contributions
will be converted from Canadian dollars into United States dollars prior to
each Exercise Date at the exchange rate in effect on the last business day of
the fiscal quarter of the Company ending immediately prior to the applicable
Exercise Date as published in the U.S. Wall Street Journal.

(b)                                 Where
a Participant’s Shares are disposed of to the Company or an affiliate of the
Company pursuant to the Plan the proceeds of disposition shall be payable in
U.S. dollars.

16.                               DESIGNATION
OF BENEFICIARY

(a)                                  Subject
to applicable law, a Participant may file, on a form and in a manner prescribed
by the Committee (or its delegate), a written designation of a beneficiary who
is to receive any Shares or cash from such Participant’s Account under this
Plan in the event of such Participant’s death. If a Participant’s death occurs
subsequent to the end of an Offering Period but prior to the delivery to him or
her of any Shares deliverable under the terms of this Plan, such Shares and any
remaining balance of such Participant’s Account shall be paid to such
beneficiary (or such other person as set forth in Section 15(b)) as soon as
administratively practicable after the Company receives notice of such
Participant’s death and any outstanding unexercised Option shall terminate. If
a Participant’s death occurs at any other time, the balance of such Participant’s
Account shall be paid to such beneficiary (or such other person as set forth in
Section 15(b)) in cash as soon as administratively practicable after the
Company receives notice of such Participant’s death and such Participant’s
Option shall terminate. The Committee may rely on the last designation of a beneficiary
filed by a Participant in accordance with this Plan.

(b)                                 Subject
to applicable law, beneficiary designations may be changed by the Participant
(and his or her spouse, if required) at any time on forms provided and

in the manner prescribed by the Committee (or its delegate). If a
Participant dies with no validly designated beneficiary under this Plan who is
living at the time of such Participant’s death, the Company shall deliver all
Shares and/or cash payable pursuant to the terms hereof to the executor or
administrator of the estate of the Participant, or if no such executor or
administrator has been appointed, the Company, in its discretion, may deliver
such Shares and/or cash to the spouse or to any one or more dependants or
relatives of the Participant, or if no spouse, dependant or relative is known
to the Company, then to such other person as the Company may designate.

17.                               TRANSFERABILITY

Neither Contributions credited to a Participant’s Account nor any
Options or rights with respect to the exercise of Options or right to receive
Shares under this Plan may be anticipated, alienated, encumbered, assigned,
transferred, pledged or otherwise disposed of in any way (other than by will,
the laws of descent and distribution, or as provided in Section 15) by the
Participant. Any such attempt at anticipation, alienation, encumbrance,
assignment, transfer, pledge or other disposition shall be without effect and
all amounts shall be paid and all Shares shall be delivered in accordance with
the provisions of this Plan. Amounts payable or Shares deliverable pursuant to
this Plan shall be paid or delivered only to the Participant or, in the event
of the Participant’s death, to the Participant’s beneficiary, heirs or legal
representative pursuant to Section 15.

18.                               USE
OF FUNDS: INTEREST

All Contributions received or held by the Company under this Plan will
be included in the general assets of the Company and may be used for any
corporate purpose. Notwithstanding anything else contained herein to the
contrary, no interest will be paid to any Participant or credited to his or her
Account under this Plan (in respect of Account balances, refunds of Account
balances, or otherwise).

19.                               REPORTS

Statements shall be provided to Participants as soon as
administratively practicable on a monthly basis. Each Participant’s statement
shall set forth that Participant’s Account balance immediately prior to the
exercise of his or her Options during the month covered by the statement, the
Option Price, the number of whole Shares purchased and his or her remaining
Account balance, if any.

20.                               ADJUSTMENTS
OF AND CHANGES IN THE STOCK

Upon or in contemplation of any reclassification, recapitalization,
stock split (including a stock split in the form of a stock dividend), or
reverse stock split; any merger, combination, consolidation, or other
reorganization; split-up, spin-off, or any similar extraordinary dividend
distribution in respect of the Common Stock (whether in the form of securities
or property); any exchange of Common Stock or other securities of the Company,
or any similar, unusual or extraordinary corporate transaction in respect of
the Common Stock; or a sale of substantially all the assets of the Company as
an entirety

occurs; then the Committee shall, in such manner, to such extent (if
any) and at such time as it deems appropriate and equitable in the
circumstances:

(a)                                  proportionately
adjust any or all of (i) the number and type of Shares or the number and type
of other securities that thereafter may be made the subject of Options
(including the specific maxima and numbers of Shares set forth elsewhere in
this Plan), (ii) the number, amount and type of Shares (or other securities or
property) subject to any or all outstanding Options, (iii) the Option Price of
any or all outstanding Options, or (iv) the securities, cash or other property
deliverable upon exercise of any outstanding Options; or

(b)                                 make
provision for a cash payment or for the substitution or exchange of any or all
outstanding Options for cash, securities or property to be delivered to the
holders of any or all outstanding Options based upon the distribution or
consideration payable to holders of the Common Stock upon or in respect of such
event.

The Committee may adopt such valuation methodologies for outstanding
Options as it deems reasonable in the event of a cash or property settlement
and, without limitation on other methodologies, may base such settlement solely
upon the excess (if any) of the amount payable upon or in respect of such event
over the exercise or strike price of the Option.

In any of such events, the Committee may take such action sufficiently
prior to such event to the extent that the Committee deems the action necessary
to permit the Participant to realize the benefits intended to be conveyed with
respect to the underlying shares in the same manner as is or will be available
to stockholders generally.

21.                               POSSIBLE
EARLY TERMINATION OF PLAN AND OPTIONS

Upon a dissolution of the Company, or any other event described in
Section 19 that the Company does not survive, the Plan and, if prior to the
last day of an Offering Period, any outstanding Option granted with respect to
that Offering Period shall terminate, subject to any provision that has been
expressly made by the Board for the survival, substitution, assumption,
exchange or other settlement of the Plan and Options. In the event a
Participant’s Option is terminated pursuant to this Section 20 without a
provision having been made by the Board for a substitution, exchange or other
settlement of the Option, such Participant’s Account shall be paid to him or
her in cash without interest.

22.                               TERM
OF PLAN: AMENDMENT OR TERMINATION

(a)                                  This
Plan shall become effective as of the Effective Date.

(b)                                 The
Board may, at any time, terminate or, from time to time, amend, modify or
suspend this Plan, in whole or in part, without notice. Stockholder approval
for any amendment or modification shall not be required, except to the extent
required by any applicable law, or deemed necessary or advisable by the Board.
No Options may be granted during any suspension of this Plan or after the

termination of this Plan, but the terms of the Plan will continue to
apply as to Options then outstanding. No amendment, modification, or
termination pursuant to this Section 22(b) shall, without written consent of
the Participant, affect in any manner materially adverse to the Participant any
rights or benefits of such Participant or obligations of the Company under any
Option granted under this Plan prior to the effective date of such change.
Notwithstanding the foregoing, no Participant consent shall be required for
amendments, modifications or terminations contemplated by Section 20 or Section
21 or required for purposes of compliance with applicable law.

23.                               NOTICES

All notices or other communications by a Participant to the Company
contemplated by this Plan shall be deemed to have been duly given when received
in the form and manner specified by the Committee (or its delegate) at the
location, or by the person, designated by the Committee (or its delegate) for
that purpose.

24.                               CONDITIONS
UPON ISSUANCE OF SHARES

This Plan, the granting of Options under this Plan and the offer,
issuance and delivery of Shares (whether Shares acquired on the exercise of the
Participant’s Options or matching Shares) are subject to compliance with all
applicable United States federal and state laws, rules and regulations
(including but not limited to state and federal securities laws), applicable
foreign laws, rules and regulations and to such approvals by any listing,
regulatory or governmental authority as may, in the opinion of counsel for the
Company, be necessary or advisable in connection therewith. The person
acquiring any securities under this Plan will, if requested by the Company and as
a condition precedent to the exercise of his or her Option, provide such
assurances and representations to the Company as the Committee may deem
necessary or desirable to assure compliance with all applicable legal and
accounting requirements.

25.                               PLAN
CONSTRUCTION

(a)                                  It
is the intent of the Company that transactions involving Options under this
Plan in the case of Participants who are or may be subject to the prohibitions
of Section 16 of the Exchange Act satisfy the requirements for applicable
exemptions under Rule 16 promulgated by the Securities and Exchange Commission
under Section 16 of the Exchange Act so that such persons (unless they
otherwise agree) will be entitled to the exemptive relief of Rule 16b-3 or
other exemptive rules under Section 16 of the Exchange Act in respect of those
transactions and will not be subject to avoidable liability thereunder.

(b)                                 If
any provision of this Plan or of any Option would otherwise frustrate or
conflict with the intent expressed above, that provision to the extent possible
shall be interpreted so as to avoid such conflict. If the conflict remains
irreconcilable, the Committee may disregard the provision if it concludes that
to do so furthers the

interest of the Company and is consistent with the purposes of this
Plan as to such persons in the circumstances.

26.                               EMPLOYEES’
RIGHTS

(a)                                  Nothing
in this Plan (or in any other documents related to this Plan) will confer upon
any Eligible Employee or Participant any right to continue in the employ or
other service of any Participating Employer, constitute any contract or
agreement of employment or other service or effect an employee’s status as an
employee, nor shall interfere in any way with the right of any Participating
Employer to change such person’s compensation or other benefits or to terminate
his or her employment or other service with or without cause. Neither any
period of notice, if any, nor any payment in lieu thereof upon termination of
employment (including a wrongful termination) shall be considered as extending
the period of employment for purposes of the Plan and for greater certainty and
without limiting the generality of the foregoing, shall not be considered as a
part or any portion of a “Year of Service”.

(b)                                 No
Participant or other person will have any right, title or interest in any fund
or in any specific asset (including Shares) of the Company by reason of any
Option hereunder. Neither the provisions of this Plan (or of any related
documents), nor the creation or adoption of this Plan, nor any action taken
pursuant to the provisions of this Plan will create, or be construed to create,
a trust of any kind or a fiduciary relationship between the Company and any
Participant or other person. To the extent that a Participant or other person
acquires a right to receive payment pursuant to this Plan, such right will be
no greater than the right of any unsecured general creditor of the Company. No
special or separate reserve, fund or deposit will be made to assure any such
payment.

(c)                                  A
Participant will not be entitled to any privilege of stock ownership as to any
Shares not actually delivered to and held of record by the Participant. No
adjustment will be made for dividends or other rights as a stockholder for
which a record date is prior to such date of delivery.

27.                               MISCELLANEOUS

(a)                                  This
Plan, the Options, and related documents shall be governed by, and construed in
accordance with, the laws of the British Columbia, except as otherwise
specified herein. If any provision shall be held by a court of competent
jurisdiction to be invalid and unenforceable, the remaining provisions of this
Plan shall continue in effect.

(b)                                 Captions
and headings are given to the sections of this Plan solely as a convenience to
facilitate reference. Such captions and headings shall not be deemed in any way
material or relevant to the construction of interpretation of

this Plan or any provision hereof. All references herein to Sections
are to sections of the Plan unless otherwise specified.

(c)                                  The
adoption of this Plan shall not affect any other Company compensation or
incentive plans in effect. Nothing in this Plan will limit or be deemed to
limit the authority of the Board or Committee (i) to establish any other forms
of incentives or compensation for employees of the Company (with or without
reference to the Common Stock), or (ii) to grant or assume options (outside the
scope of and in addition to those contemplated by this Plan) in connection with
any proper corporate purpose; to the extent consistent with any other plan or authority.

(d)                                 Benefits
received by a Participant under an Option granted pursuant to this Plan shall
not be deemed a part of the Participant’s compensation for purposes of the
determination of benefits under any other employee welfare or benefit plans or arrangements,
if any, provided by the Company, except where the Committee or the Board
expressly otherwise provides or authorizes in writing.

28.                               TAX
WITHHOLDING

(a)                                  Notwithstanding
anything else contained in this Plan herein to the contrary, a Participating
Employer may deduct from a Participant’s Account balance as of an Exercise
Date, before the exercise of the Participant’s Option is given effect on such
date, the amount of any taxes which the Participating Employer reasonably
determines it may be required to withhold with respect to an exercise of an
Option or the grant of Company Matching Shares. In such event, the maximum
number of whole Shares subject to such Option (subject to the other limits set
forth in this Plan) shall be purchased at the Option Price with the balance of
the Participant’s Account (after reduction for the tax withholding amount).

(b)                                 Should
a Participating Employer for any reason be unable, or elect not to, satisfy its
tax withholding obligations in the manner described in the preceding paragraph
with respect to a Participant’s exercise of an Option, the Participating
Employer shall have the right at its option to (i) require the Participant to
pay or provide for payment of the amount of any taxes which the Company
reasonably determines that it is required to withhold with respect to such
event or (ii) deduct from any amount otherwise payable to or for the account of
the Participant, including any amount payable in cash pursuant to Section 11,
the amount of any taxes which the Participating Employer reasonably determines
that it is required to withhold with respect to such event.

29.                               SALE

(a)                                  While
a Participant is employed by a Participating Employer, the Company or any
Subsidiary that is not a Participating Employer, in addition to sales of Shares
pursuant to Section 12, he or she may sell fully vested Shares to the Company
or its wholly owned Subsidiary AECOM Global, Inc. at such times and in
accordance with such procedures as the Company may establish. Each sale of

Shares acquired pursuant to this Plan shall be treated as a sale to the
Company pursuant to the “Transfer of Securities” section of the Bylaws and
shall be made in accordance with the applicable provisions thereof and subject
to the restrictions contained therein. Copies of the Bylaws will be made
available to Participants upon request.

(b)                                 Subject
to the Bylaws and Sections 29(c) and (d), in the event of a Participant’s
retirement, death, other termination of employment or Disability, the
Participant (or his or her designated beneficiary or legal representative) may
elect to sell all of the vested Shares then credited to his or her Account to
the Company or its wholly owned Subsidiary AECOM Global, Inc. A Participant’s
employment for the purposes of this Section 29(b) shall not be deemed to have
terminated because of his or her transfer to the Company or a Subsidiary,
irrespective of whether that Subsidiary is a Participating Employer.

(c)                                  Where
the Shares credited to a Participant’s Account on his or her date of death, retirement,
other termination of employment or Disability have a Fair Market Value equal to
or less than US$5,000, a sale pursuant to Section 29(b) shall be in the form of
a single transaction applicable to all such Shares and the Participant (or his
or her designated beneficiary or legal representative, as the case may be)
shall be entitled to receive the proceeds of the sale, determined in accordance
with Section 29(d), in the form of a lump sum cash payment. Where the Shares
credited to a Participant’s Account on his or her date of death, retirement,
other termination of employment or Disability have a Fair Market Value in
excess of US$5,000, the sale of such Shares pursuant to Section 29(b) shall
take place in either 5 or 9 equal, annual installments, as elected by the
Participant (or his or her designated beneficiary or legal representative, as
the case may be), with each installment being treated as a separate sale
transaction, and he or she shall be entitled to receive the proceeds applicable
to each such transaction, determined in accordance with Section 29(d), in the
form of a lump sum cash payment.

(d)                                 Unless
otherwise determined by the Company and subject to the Bylaws, the purchase
price payable by the Company or AECOM Global, Inc. for each Share sold to it
under the foregoing provisions of this Section 29 shall be the Common Valuation
Price and the proceeds from any sale transaction pursuant to such provisions
shall equal the Common Valuation Price multiplied by the number of Shares sold
as part of such transaction.

 

IN WITNESS WHEREOF,
the Company has caused its duly authorized officer to execute this Plan on this
11 day of April, 2006

	
  

  	
  AECOM
  TECHNOLOGY CORPORATION

  
	
   

  
	
   

  	
  

  
	
   

  	
  By: 

  	
  Stephanie A.
  Hunter

  
	
   

  	
   

  	
   

  
	
   

  	
  Its: 

  	
  Senior Vice President,
  Chief Administrative

  
	
   

  	
   

  	
  Officer and
  Corporate SecretaryExhibit
10.30

 

 

AECOM
TECHNOLOGY CORPORATION

2006
STOCK INCENTIVE PLAN

 

Effective
October 1, 2006

 

	
  Table of Contents

  
	
   

  
	
  1. Purpose 

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  2. Definitions

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  3. Eligibility

  	
   

  	
  4

  
	
   

  	
   

  	
   

  
	
  4. Effective Date and Termination of Plan

  	
   

  	
  4

  
	
   

  	
   

  	
   

  
	
  5. Shares Subject to the Plan and to Awards

  	
   

  	
  4

  
	
   

  	
   

  	
   

  
	
  6. Options

  	
   

  	
  6

  
	
   

  	
   

  	
   

  
	
  7. Stock Appreciation Rights

  	
   

  	
  8

  
	
   

  	
   

  	
   

  
	
  8. Restricted Stock and Restricted Stock Units

  	
   

  	
  9

  
	
   

  	
   

  	
   

  
	
  9. Incentive Bonuses

  	
   

  	
  10

  
	
   

  	
   

  	
   

  
	
  10. Deferral of Gains

  	
   

  	
  11

  
	
   

  	
   

  	
   

  
	
  11. Conditions and Restrictions Upon Securities
  Subject to Awards

  	
   

  	
  11

  
	
   

  	
   

  	
   

  
	
  12. Adjustment of and Changes in the Stock

  	
   

  	
  12

  
	
   

  	
   

  	
   

  
	
  13. Qualifying Performance-Based Compensation

  	
   

  	
  13

  
	
   

  	
   

  	
   

  
	
  14. Transferability

  	
   

  	
  14

  
	
   

  	
   

  	
   

  
	
  15. Suspension or Termination of Awards

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  16. Compliance with Laws and Regulations

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  17. Withholding

  	
   

  	
  16

  
	
   

  	
   

  	
   

  
	
  18. Administration of the Plan

  	
   

  	
  16

  
	
   

  	
   

  	
   

  
	
  19. Amendment of the Plan or Awards

  	
   

  	
  18

  
	
   

  	
   

  	
   

  
	
  20. No Liability of Company

  	
   

  	
  18

  
	
   

  	
   

  	
   

  
	
  21. Non-Exclusivity of Plan

  	
   

  	
  19

  
	
   

  	
   

  	
   

  
	
  22. Governing Law

  	
   

  	
  19

  
	
   

  	
   

  	
   

  
	
  23. Arbitration of Disputes

  	
   

  	
  19

  
	
   

  	
   

  	
   

  

 

 

	
  24. No Right to Employment, Reelection or Continued Service

  	
   

  	
  20

  
	
   

  	
   

  	
   

  
	
  25. Unfunded Plan

  	
   

  	
  20

  

 

AECOM
TECHNOLOGY CORPORATION

2006 STOCK INCENTIVE PLAN

1.                                      Purpose

The purpose of the
AECOM Technology Corporation 2006 Stock Incentive Plan (the “Plan”) is to
advance the interests of the AECOM Technology Corporation (the “Company”) by
stimulating the efforts of employees, officers, non-employee directors and
other service providers, in each case who are selected to be participants, by
heightening the desire of such persons to continue in working toward and
contributing to the success and progress of the Company. The Plan supersedes
the Company’s Amended and Restated AECOM Technology Corporation 2000 Stock
Incentive Plan and Amended and Restated AECOM Technology Corporation 2006 Stock
Incentive Plan for Non-Employee Directors with respect to future awards, and
provides for the grant of Incentive and Nonqualified Stock Options, Stock
Appreciation Rights, Restricted Stock and Restricted Stock Units, any of which
may be performance-based, and for Incentive Bonuses, which may be paid in cash
or stock or a combination thereof, as determined by the Administrator.

2.                                      Definitions

As used in the
Plan, the following terms shall have the meanings set forth below:

(a)                                  “Administrator”
means the Administrator of the Plan in accordance with Section 18.

(b)                                 “Award”
means an Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation
Right, Restricted Stock, Restricted Stock Unit or Incentive Bonus granted to a
Participant pursuant to the provisions of the Plan, any of which the
Administrator may structure to qualify in whole or in part as a Performance
Award.

(c)                                  “Award
Agreement” means a written agreement or other instrument as may be approved
from time to time by the Administrator implementing the grant of each Award. An
Agreement may be in the form of an agreement to be executed by both the
Participant and the Company (or an authorized representative of the Company) or
certificates, notices or similar instruments as approved by the Administrator.

(d)                                 “Board”
means the board of directors of the Company.

(e)                                  “Cause”
means the commission of an act of fraud or theft against the Company;
conviction (including a guilty plea or plea of nolo contendere) for any felony;
conviction (including a guilty plea or plea of nolo contendere) for any
misdemeanor involving moral turpitude which might, in the Company’s opinion,
cause embarrassment to the Company; significant violation of any material
Company policy; willful or repeated non-performance or substandard performance
of material duties which is not cured within thirty (30) days after written
notice thereof to the Optionee; or violation of any material District of
Columbia, state or federal laws, rules or regulations in connection with or
during performance of the Optionee’s

 1
 

(f)                                    work
which, if such violation is curable, is not cured within thirty (30) days after
notice thereof to the Optionee.

(g)                                 “Code”
means the Internal Revenue Code of 1986, as amended from time to time, and the
rulings and regulations issues thereunder.

(h)                                 “Company”
means AECOM Technology Corporation, a Delaware corporation.

(i)                                     “Incentive
Bonus” means a bonus opportunity awarded under Section 9 pursuant to which a
Participant may become entitled to receive an amount based on satisfaction of
such performance criteria as are specified in the Award Agreement.

(j)                                     “Incentive
Stock Option” means a stock option that is intended to qualify as an “incentive
stock option” within the meaning of Section 422 of the Code.

(k)                                  “Nonemployee
Director” means each person who is, or is elected to be, a member of the Board
and who is not an employee of the Company or any Subsidiary.

(1)                                  “Nonqualified
Stock Option” means a stock option that is not intended to qualify as an “incentive
stock option” within the meaning of Section 422 of the Code.

(m)                               “Option”
means an Incentive Stock Option and/or a Nonqualified Stock Option granted
pursuant to Section 6 of the Plan.

(n)                                 “Participant”
means any individual described in Section 3 to whom Awards have been granted
from time to time by the Administrator and any authorized transferee of such
individual.

(o)                                 “Performance
Award” means an Award, the grant, issuance, retention, vesting or settlement of
which is subject to satisfaction of one or more performance criteria pursuant
to Section 13.

(p)                                 “Plan”
means the AECOM Technology Corporation 2006 Stock Incentive Plan as set forth
herein and as amended from time to time.

(q)                                 “Prior
Plans” means the Company’s Amended and Restated AECOM Technology Corporation
2000 Stock Incentive Plan and the Amended and Restated AECOM Technology
Corporation Stock Incentive Plan for Non-Employee Directors.

(r)                                    “Qualifying
Performance Criteria” has the meaning set forth in Section 13(b).

(s)                                  “Restricted
Stock” means Shares granted pursuant to Section 8 of the Plan.

(t)                                    “Restricted
Stock Unit” means an Award granted to a Participant pursuant to Section 8
pursuant to which Shares or cash in lieu thereof may be issued in the future.

(u)                                 “Retirement”
has the meaning specified by the Administrator in the terms of an Award
Agreement or, in the absence of any such term, for Participants other than
Nonemployee

 2
 

Directors shall mean
retirement from active employment with the Company and its Subsidiaries (i) at
or after age 55 and with the approval of the Administrator or (ii) at or after
age 65. The determination of the Administrator as to an individual’s Retirement
shall be conclusive on all parties.

(v)                                 “Share”
means a share of the Company’s common stock, par value $.01, subject to
adjustment as provided in Section 12.

(w)                               “Stock
Appreciation Right” means a right granted pursuant to Section 7 of the Plan
that entitles the Participant to receive, in cash or Shares or a combination
thereof, as determined by the Administrator, value equal to or otherwise based
on the excess of (i) the market price of a specified number of Shares at the
time of exercise over (ii) the exercise price of the right, as established by
the Administrator on the date of grant.

(x)                                   “Subsidiary”
means any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company where each of the corporations in the
unbroken chain other than the last corporation owns stock possessing at least
50 percent or more of the total combined voting power of all classes of stock
in one of the other corporations in the chain, and if specifically determined
by the Administrator in the context other than with respect to Incentive Stock
Options, may include an entity in which the Company has a significant ownership
interest or that is directly or indirectly controlled by the Company.

(y)                                 “Termination
of employment” means ceasing to serve as a full-time employee of the Company
and its Subsidiaries or, with respect to a service provider, ceasing to serve
as such for the Company, except that with respect to all or any Awards held by
a Participant (i) the Administrator may determine, subject to Section 6(d),
that an approved leave of absence or approved employment on a less than
full-time basis is not considered a “termination of employment,” (ii) the
Administrator may determine that a transition of employment to service with a
partnership, joint venture or corporation not meeting the requirements of a
Subsidiary in which the Company or a Subsidiary is a party is not considered a “termination
of employment,” (iii) service as a member of the Board shall constitute
continued employment with respect to Awards granted to a Participant while he
or she served as an employee and (iv) service as an employee of the Company or
a Subsidiary shall constitute continued employment with respect to Awards
granted to a Participant while he or she served as a member of the Board. The
Administrator shall determine whether any corporate transaction, such as a sale
or spin-off of a division or subsidiary that employs a Participant, shall be
deemed to result in a termination of employment with the Company and its
Subsidiaries for purposes of any affected Participant’s Options, and the
Administrator’s decision shall be final and binding.

(z)                                   “Total
and Permanent Disablement” has the meaning specified by the Administrator in
the terms of an Award Agreement or, in the absence of any such term or in the
case of an Option intending to qualify as an Incentive Stock Option, the
inability to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which can be expected to
result in death or which has lasted or can be expected to last for a continuous
period of not less than 12 months. The determination of the Administrator as to
an individual’s Total and Permanent Disablement shall be conclusive on all
parties.

 3
 

3.                                      Eligibility

Any person who is
a current or prospective officer or employee (including any director who is
also an employee, in his or her capacity as such) of the Company or of any
Subsidiary shall be eligible for selection by the Administrator for the grant
of Awards hereunder. To the extent provided by Section 5(d), any Nonemployee
Director shall be eligible for the grant of Awards hereunder as determined by
the Administrator. In addition any service provider who has been retained to
provide consulting, advisory or other services to the Company or to any
Subsidiary shall be eligible for selection by the Administrator for the grant
of Awards hereunder. Options intending to qualify as Incentive Stock Options
may only be granted to employees of the Company or any Subsidiary within the
meaning of the Code, as selected by the Administrator. For purposes of this
Plan, the Chairman of the Board’s status as an employee shall be determined by
the Administrator.

4.                                      Effective
Date and Termination of Plan

This Plan was
adopted by the Board and became effective as of October 1, 2006, (the “Effective
Date”), subject to the approval by the Company’s stockholders. All Awards
granted under this Plan are subject to, and may not be exercised before, the
approval of this Plan by the stockholders prior to the first anniversary date
of the effective date of the Plan, by the affirmative vote of the holders of a
majority of the outstanding Shares of the Company present, or represented by
proxy, and entitled to vote, at a meeting of the Company’s stockholders or by
written consent in accordance with the laws of the State of Delaware; provided
that if such approval by the stockholders of the Company is not forthcoming,
all Awards previously granted under this Plan shall be void. The Plan shall
remain available for the grant of Awards until the tenth (10th) anniversary of
the Effective Date. Notwithstanding the foregoing, the Plan may be terminated
at such earlier time as the Board may determine. Termination of the Plan will
not affect the rights and obligations of the Participants and the Company
arising under Awards theretofore granted and then in effect.

5.                                      Shares
Subject to the Plan and to Awards

(a)                                  Aggregate Limits. The aggregate number of Shares issuable
pursuant to all Awards under this Plan, together with the aggregate number of
shares of AECOM Global Holdings common stock (“AGH Shares”) issuable pursuant
to the 2006 AECOM Global Holdings Stock Incentive Plan (the “2006 AGH Plan”),
shall not exceed 3,500,000, plus (i) any Shares that were authorized for
issuance under the Prior Plans that, as of Effective Date, remain available for
issuance under the Prior Plans (not including any Shares that are subject to,
outstanding awards under the Prior Plans or any Shares that were issued
pursuant to awards granted under the Prior Plans) and (ii) any Shares subject
to outstanding awards under the Prior Plans that on or after the Effective Date
cease for any reason to be subject to such awards (other than by reason of
exercise or settlement of the awards to the extent they are exercised for or
settled in vested and nonforfeitable shares); provided that any Shares granted
after the Effective Date under Options or Stock Appreciation Rights (along with
any AGH Shares granted under similar awards under the 2006 AGH Plan) shall be
counted against this limit on a one-for-one basis and any Shares granted as
Awards other than Options or Stock Appreciation Rights (along with any AGH
Shares granted under similar awards under the 2006 AGH Plan) shall be counted

 4
 

against this limit as two
(2) Shares for every one (1) Share subject to such Award. The maximum number of
Shares shall be cumulatively increased on October 1, 2007 and on the first day
of each fiscal year thereafter for nine more years, by the least of: (i) 5% of
the Company’s fully diluted shares outstanding as of the last day of the
preceding fiscal year; (ii) 3,000,000, or (iii) a number determined by the
Board or the Administrator. For the purposes of this Section 5(a)(i), fully
diluted shares outstanding shall include the Company’s common stock
outstanding, plus all classes of preferred stock and convertible debt as
converted to common stock, but shall not include awards outstanding under this
Plan and the Prior Plans. The aggregate number of Shares available for grant
under this Plan and the number of Shares subject to outstanding Awards shall be
subject to adjustment as provided in Section 12. The Shares issued pursuant to
Awards granted under this Plan may be shares that are authorized and unissued
or shares that were reacquired by the Company, including shares purchased in
the open market.

(b)                                 Issuance of Shares. For purposes of Section 5(a), the
aggregate number of Shares issued under this Plan at any time shall equal only
the number of Shares (or, as applicable, AGH Shares) actually issued upon
exercise or settlement of an Award under this Plan (or, as applicable, the 2006
AGH Plan). Notwithstanding the foregoing, Shares subject to an Award under this
Plan and AGH Shares subject to similar awards under the 2006 AGH Plan, may not
again be made available for issuance under this Plan or the 2006 AGH Plan if
such shares are: (i) shares that were subject to a stock-settled Stock
Appreciation Right (or a similar award under the 2006 AGH Plan) and were not
issued upon the net settlement or net exercise of such Stock Appreciation Right
(or a similar award under the 2006 AGH Plan), (ii) shares used to pay the
exercise price of an Option (or a similar award under the 2006 AGH Plan), (iii)
shares delivered to or withheld by the Company to pay the withholding taxes
related an Option or a Stock Appreciation Right (or similar awards under the
2006 AGH Plan), or (iv) shares repurchased on the open market with the proceeds
of an Option exercise. Shares subject to Awards that have been canceled,
expired, forfeited or otherwise not issued under an Award and shares subject to
Awards settled in cash shall not count as shares issued under this Plan or the
2006 AGH Plan.

(c)                                  Tax Code Limits. The aggregate number of Shares subject to
Awards granted under this Plan during any calendar year to any one Participant
shall not exceed 2,000,000, which number shall be calculated and adjusted
pursuant to Section 12 only to the extent that such calculation or adjustment
will not affect the status of any Award intended to qualify as “performance
based compensation” under Section 162(m) of the Code but which number shall not
count any tandem SARs (as defined in Section 7). The aggregate number of Shares
that may be issued pursuant to the exercise of Incentive Stock Options granted
under this Plan shall not exceed 3,500,000, which number shall be calculated
and adjusted pursuant to Section 12 only to the extent that such calculation or
adjustment will not affect the status of any option intended to qualify as an
Incentive Stock Option under Section 422 of the Code. The maximum amount
payable pursuant to that portion of an Incentive Bonus granted in any calendar
year to any Participant under this Plan that is intended to satisfy the
requirements for “performance based compensation” under Section 162(m) of the
Code shall not exceed ten million dollars ($10,000,000).

(d)                                 Director Awards. The aggregate number of Shares subject to
Options and Stock Appreciation Rights granted under this Plan during any
calendar year to any one Nonemployee Director shall not exceed 50,000, and the
aggregate number of Shares issued or issuable under all

 5
 

Awards granted under this
Plan other than Options or Stock Appreciation Rights during any calendar year
to any one Nonemployee Director shall not exceed 50,000; provided, however,
that in the calendar year in which a Nonemployee Director first joins the Board
of Directors or is first designated as Chairman of the Board of Directors or
Lead Director, the maximum number of shares subject to Awards granted to the
Participant may be up to two hundred percent (200%) of the number of shares set
forth in the foregoing limits and the foregoing limits shall not count any
tandem SARs (as defined in Section 7).

6.                                      Options

(a)                                  Option Awards. Options may be granted at any time and from
time to time prior to the termination of the Plan to Participants as determined
by the Administrator. No Participant shall have any rights as a stockholder
with respect to any Shares subject to Option hereunder until said Shares have
been issued, except that the Administrator may authorize dividend equivalent
accruals with respect to such Shares. Each Option shall be evidenced by an
Award Agreement. Options granted pursuant to the Plan need not be identical but
each Option must contain and be subject to the terms and conditions set forth
below.

(b)                                 Price. The Administrator will establish the exercise price
per Share under each Option, which, in no event will be less than the fair
market value of the Shares on the date of grant; provided, however, that the
exercise price per Share with respect to an Option that is granted in
connection with a merger or other acquisition as a substitute or replacement
award for options held by optionees of the acquired entity may be less than
100% of the market price of the Shares on the date such Option is granted if
such exercise price is based on a formula set forth in the terms of the options
held by such optionees or in the terms of the agreement providing for such
merger or other acquisition. The exercise price of any Option may be paid in
Shares, cash or a combination thereof, as determined by the Administrator,
including an irrevocable commitment by a broker to pay over such amount from a
sale of the Shares issuable under an Option, the delivery of previously owned
Shares and withholding of Shares deliverable upon exercise.

(c)                                  No Repricing. Other than in connection with a change in the
Company’s capitalization (as described in Section 12) the exercise price of an
Option may not be reduced without stockholder approval (including canceling
previously awarded Options and regranting them with a lower exercise price).

(d)                                 Provisions Applicable to Options. The date on which Options
become exercisable shall be determined at the sole discretion of the
Administrator and set forth in an Award Agreement. Unless provided otherwise in
the applicable Award Agreement, to the extent that the Administrator determines
that an approved leave of absence or employment on a less than full-time basis
is not a Termination of employment, the vesting period and/or exercisability of
an Option shall be adjusted by the Administrator during or to reflect the
effects of any period during which the Participant is on an approved leave of
absence or is employed on a less than full-time basis.

(e)                                  Term of Options and Termination of Employment. The
Administrator shall establish the term of each Option, which in no case shall
exceed a period often (10) years from

 6
 

the date of grant. Unless
an Option earlier expires upon the expiration date established pursuant to the
foregoing sentence, upon the termination of the Participant’s employment, his
or her rights to exercise an Option then held shall be only as follows, unless
the Administrator specifies otherwise:

(1)                                  Death. Upon the death of a Participant while in the employ
of the Company or any Subsidiary or while serving as a member of the Board, the
Participant’s Options then held shall be exercisable by his or her estate, heir
or beneficiary at any time during the one (1) year period commencing on the
date of death to the extent that the Options are exercisable as of that date.
Any and all of the deceased Participant’s Options that are not exercised during
the one (1) year commencing on the date of death shall terminate as of the end
of such one (1) year period. To the extent that any Option is not exercisable
as of the date of death, such portion of the Option shall remain unexercisable
and shall terminate as of such date.

If a Participant should die within thirty (30) days of
his or her termination of employment with the Company and its Subsidiaries, an
Option shall be exercisable by his or her estate, heir or beneficiary at any
time during the one (1) year period commencing on the date of termination, but
only to the extent of the number of Shares as to which such Option was
exercisable as of the date of such termination. Any and all of the deceased
Participant’s Options that are not exercised during the one (1) year period
commencing on the date of termination shall terminate as of the end of such one
(1) year period. A Participant’s estate shall mean his or her legal
representative or other person who so acquires the right to exercise the Option
by bequest or inheritance or by reason of the death of the Participant.

(2)                                  Total and Permanent Disablement. Upon termination of
employment as a result of the Total and Permanent Disablement of any
Participant, the Participant’s Options then held shall be exercisable during
the one (1) year period commencing on the date of termination to the extent
that the Options are exercisable as of that date. Any and all Options that are
not exercised during the one (1) year period commencing on the date of
termination shall terminate as of the end of such one (1) year period. To the
extent that any Option is not exercisable as of the date of termination, such
portion of the Option shall remain unexercisable and shall terminate as of such
date.

(3)                                  Retirement. Upon Retirement of a Participant, the
Participant’s Options then held shall be exercisable during the one (1) year
period commencing on the date of Retirement. The number of Shares with respect
to which the Options shall be exercisable shall equal the total number of
Shares that were exercisable under the Participant’s Option on the date of his
or her Retirement. Any and all Options that are not exercised during the one
(1) year period commencing on the date of termination shall terminate as of the
end of such one (1) year period. To the extent that any Option is not
exercisable as of his or her Retirement, such portion of the Option shall
remain unexercisable and shall terminate as of such date.

 7
 

(4)                                  Cause. Upon the date of a termination of a Participant’s
employment for Cause, any Option that is unexercised prior to the date of
termination shall terminate as of such date.

(5)                                  Other Reasons. Upon the date of a termination of a
Participant’s employment for any reason other than those stated above in
Sections 6(e)(1), (e)(2), (e)(3) and (e)(4) or as described in Section 15, (A)
to the extent that any Option is not exercisable as of such termination date,
such portion of the Option shall remain unexercisable and shall terminate as of
such date, and (B) to the extent that any Option is exercisable as of such
termination date, such portion of the Option shall expire on the earlier of (i)
ninety (90) days following such date and (ii) the expiration date of such
Option.

(f)                                    Incentive Stock Options. Notwithstanding anything to the
contrary in this Section 6, in the case of the grant of an Option intending to qualify
as an Incentive Stock Option: (i) if the Participant owns stock possessing more
than 10 percent of the combined voting power of all classes of stock of the
Company (a “10% Shareholder”), the exercise price of such Option must be at
least 110 percent of the fair market value of the Shares on the date of grant
and the Option must expire within a period of not more than five (5) years from
the date of grant, and (ii) termination of employment will occur when the
person to whom an Award was granted ceases to be an employee (as determined in
accordance with Section 3401(c) of the Code and the regulations promulgated
thereunder) of the Company and its Subsidiaries. Notwithstanding anything in
this Section 6 to the contrary, options designated as Incentive Stock Options
shall not be eligible for treatment under the Code as Incentive Stock Options
(and will be deemed to be Nonqualified Stock Options) to the extent that either
(a) the aggregate fair market value of Shares (determined as of the time of
grant) with respect to which such Options are exercisable for the first time by
the Participant during any calendar year (under all plans of the Company and
any Subsidiary) exceeds $100,000, taking Options into account in the order in
which they were granted, or (b) such Options otherwise remain exercisable but
are not exercised within three (3) months of Termination of employment (or such
other period of time provided in Section 422 of the Code).

7.                                      Stock
Appreciation Rights

Stock Appreciation
Rights may be granted to Participants from time to time either in tandem with
or as a component of other Awards granted under the Plan (“tandem SARs”) or not
in conjunction with other Awards (“freestanding SARs”) and may, but need not,
relate to a specific Option granted under Section 6. The provisions of Stock
Appreciation Rights need not be the same with respect to each grant or each
recipient. Any Stock Appreciation Right granted in tandem with an Award may be
granted at the same time such Award is granted or at any time thereafter before
exercise or expiration of such Award. All freestanding SARs shall be granted
subject to the same terms and conditions applicable to Options as set forth in
Section 6 and all tandem SARs shall have the same exercise price, vesting,
exercisability, forfeiture and termination provisions as the Award to which
they relate. Subject to the provisions of Section 6 and the immediately
preceding sentence, the Administrator may impose such other conditions of
restrictions on any Stock Appreciation Right as it shall deem appropriate.
Stock Appreciation Rights may be settled in Shares, cash or a combination
thereof, as determined by the

 8
 

Administrator and set
forth in the applicable Award Agreement. Other than in connection with a change
in the Company’s capitalization (as described in Section 12) the exercise price
of Stock Appreciation Rights may not be reduced without stockholder approval
(including canceling previously awarded Stock Appreciation Rights and
regranting them with a lower exercise price).

8.                                      Restricted
Stock and Restricted Stock Units

(a)                                  Restricted Stock and Restricted Stock Unit Awards.
Restricted Stock and Restricted Stock Units may be granted at any time and from
time to time prior to the termination of the Plan to Participants as determined
by the Administrator. Restricted Stock is an award or issuance of Shares the
grant, issuance, retention, vesting and/or transferability of which is subject
during specified periods of time to such conditions (including continued
employment or performance conditions) and terms as the Administrator deems
appropriate. Restricted Stock Units are Awards denominated in units of Shares
under which the issuance of Shares is subject to such conditions (including
continued employment or performance conditions) and terms as the Administrator
deems appropriate. Each grant of Restricted Stock and Restricted Stock Units
shall be evidenced by an Award Agreement. Unless determined otherwise by the
Administrator, each Restricted Stock Unit will be equal to one Share and will
entitle a Participant to either the issuance of Shares or payment of an amount
of cash determined with reference to the value of Shares. To the extent
determined by the Administrator, Restricted Stock and Restricted Stock Units
may be satisfied or settled in Shares, cash or a combination thereof.
Restricted Stock and Restricted Stock Units granted pursuant to the Plan need
not be identical but each grant of Restricted Stock and Restricted Stock Units
must contain and be subject to the terms and conditions set forth below.

(b)                                 Contents of Agreement. Each Award Agreement shall contain
provisions regarding (i) the number of Shares or Restricted Stock Units subject
to such Award or a formula for determining such number, (ii) the purchase price
of the Shares, if any, and the means of payment, (iii) the performance
criteria, if any, and level of achievement versus these criteria that shall
determine the number of Shares or Restricted Stock Units granted, issued,
retainable and/or vested, (iv) such terms and conditions on the grant,
issuance, vesting and/or forfeiture of the Shares or Restricted Stock Units as
may be determined from time to time by the Administrator, (v) the term of the
performance period, if any, as to which performance will be measured for
determining the number of such Shares or Restricted Stock Units, and (vi)
restrictions on the transferability of the Shares or Restricted Stock Units.
Shares issued under a Restricted Stock Award may be issued in the name of the
Participant and held by the Participant or held by the Company, in each case as
the Administrator may provide.

(c)                                  Vesting and Performance Criteria. The grant, issuance,
retention, vesting and/or settlement of shares of Restricted Stock and
Restricted Stock Units will occur when and in such installments as the
Administrator determines or under criteria the Administrator establishes, which
may include Qualifying Performance Criteria. The grant, issuance, retention,
vesting and/or settlement of Shares under any such Award that is based on
performance criteria and level of achievement versus such criteria will be
subject to a performance period of not less than six months, except that the
Administrator may provide for the satisfaction and/or lapse of all conditions
under any such Award in the event of the Participant’s death, disability,
Retirement or in connection with a change of control, and the Administrator may
provide that any such

 9
 

restriction or limitation
will not apply in the case of a Restricted Stock or Restricted Stock Unit Award
that is issued in payment or settlement of compensation that has been earned by
the Participant. Notwithstanding anything in this Plan to the contrary, the
performance criteria for any Restricted Stock or Restricted Stock Unit that is
intended to satisfy the requirements for “performance-based compensation” under
Section 162(m) of the Code will be a measure based on one or more Qualifying
Performance Criteria selected by the Administrator and specified when the Award
is granted.

(d)                                 Discretionary Adjustments and Limits. Subject to the limits
imposed under Section 162(m) of the Code for Awards that are intended to
qualify as “performance based compensation,” notwithstanding the satisfaction
of any performance goals, the number of Shares granted, issued, retainable and/or
vested under an Award of Restricted Stock or Restricted Stock Units on account
of either financial performance or personal performance evaluations may, to the
extent specified in the Award Agreement, be reduced by the Administrator on the
basis of such further considerations as the Administrator shall determine.

(e)                                  Voting Rights. Unless otherwise determined by the
Administrator, Participants holding shares of Restricted Stock granted
hereunder may exercise full voting rights with respect to those shares during
the period of restriction. Participants shall have no voting rights with
respect to Shares underlying Restricted Stock Units unless and until such
Shares are reflected as issued and outstanding shares on the Company’s stock
ledger.

(f)                                    Dividends and Distributions. Participants in whose name
Restricted Stock is granted shall be entitled to receive all dividends and
other distributions paid with respect to those Shares, unless determined
otherwise by the Administrator. The Administrator will determine whether any
such dividends or distributions will be automatically reinvested in additional
shares of Restricted Stock and subject to the same restrictions on
transferability as the Restricted Stock with respect to which they were
distributed or whether such dividends or distributions will be paid in cash.
Shares underlying Restricted Stock Units shall be entitled to dividends or
dividend equivalents only to the extent provided by the Administrator.

9.                                      Incentive
Bonuses

(a)                                  General. Each Incentive Bonus Award will confer upon the
Participant the opportunity to earn a future payment tied to the level of
achievement with respect to one or more performance criteria established for a
performance period of not less than one year.

(b)                                 Incentive Bonus Document. The terms of any Incentive Bonus
will be set forth in an Award Agreement. Each Award Agreement evidencing an
Incentive Bonus shall contain provisions regarding (i) the target and maximum amount
payable to the Participant as an Incentive Bonus, (ii) the performance criteria
and level of achievement versus these criteria that shall determine the amount
of such payment, (iii) the term of the performance period as to which
performance shall be measured for determining the amount of any payment, (iv)
the timing of any payment earned by virtue of performance, (v) restrictions on
the alienation or transfer of the Incentive Bonus prior to actual payment, (vi)
forfeiture provisions and (vii) such further terms and conditions, in each case
not inconsistent with this Plan as may be determined from time to time by the
Administrator.

 10
 

(c)                                  Performance Criteria. The Administrator shall establish the
performance criteria and level of achievement versus these criteria that shall
determine the target and maximum amount payable under an Incentive Bonus, which
criteria may be based on financial performance and/or personal performance
evaluations. The Administrator may specify the percentage of the target
Incentive Bonus that is intended to satisfy the requirements for “performance-based
compensation” under Section 162(m) of the Code. Notwithstanding anything to the
contrary herein, the performance criteria for any portion of an Incentive Bonus
that is intended by the Administrator to satisfy the requirements for “performance-based
compensation” under Section 162(m) of the Code shall be a measure based on one
or more Qualifying Performance Criteria (as defined in Section 13(b)) selected
by the Administrator and specified at the time the Incentive Bonus is granted.
The Administrator shall certify the extent to which any Qualifying Performance
Criteria has been satisfied, and the amount payable as a result thereof, prior
to payment of any Incentive Bonus that is intended to satisfy the requirements
for “performance-based compensation” under Section 162(m) of the Code.

(d)                                 Timing and Form of Payment. The Administrator shall
determine the timing of payment of any Incentive Bonus. Payment of the amount
due under an Incentive Bonus may be made in cash or in Shares, as determined by
the Administrator. The Administrator may provide for or, subject to such terms
and conditions as the Administrator may specify, may permit a Participant to
elect for the payment of any Incentive Bonus to be deferred to a specified date
or event.

(e)                                  Discretionary Adjustments. Notwithstanding satisfaction of
any performance goals, the amount paid under an Incentive Bonus on account of
either financial performance or personal performance evaluations may, to the
extent specified in the Award Agreement, be reduced by the Administrator on the
basis of such further considerations as the Administrator shall determine.

10.                               Deferral
of Gains

The Administrator
may, in an Award Agreement or otherwise, provide for the deferred delivery of
Shares upon settlement, vesting or other events with respect to Restricted
Stock or Restricted Stock Units, or in payment or satisfaction of an Incentive
Bonus. Notwithstanding anything herein to the contrary, in no event will any
deferral of the delivery of Shares or any other payment with respect to any
Award be allowed if the Administrator determines, in its sole discretion, that
the deferral would result in the imposition of the additional tax under Section
409A(a)(1)(B) of the Code.

11.                               Conditions
and Restrictions Upon Securities Subject to Awards

(a)                                  General. The Administrator may provide that the Shares
issued upon exercise of an Option or Stock Appreciation Right or otherwise
subject to or issued under an Award shall be subject to such further
agreements, restrictions, conditions or limitations as the Administrator in its
discretion may specify prior to the exercise of such Option or Stock
Appreciation Right or the grant, vesting or settlement of such Award, including
without limitation, conditions on vesting or transferability, forfeiture or
repurchase provisions and method of payment for the Shares issued upon
exercise, vesting or settlement of such Award (including the actual or
constructive

 11
 

surrender of Shares
already owned by the Participant) or payment of taxes arising in connection
with an Award. Without limiting the foregoing, such restrictions may address
the timing and manner of any resales by the Participant or other subsequent
transfers by the Participant of any Shares issued under an Award, including
without limitation (i) restrictions under an insider trading policy or pursuant
to applicable law, (ii) restrictions designed to delay and/or coordinate the
timing and manner of sales by Participant and holders of other Company equity
compensation arrangements, (iii) restrictions in connection with any
underwritten public offering by the Company of the Company’s securities
pursuant to an effective registration statement filed under the Securities Act
of 1933, (iv) restrictions as to the use of a specified brokerage firm for such
resales or other transfers, and (v) provisions requiring Shares to be sold on
the open market or to the Company in order to satisfy tax withholding or other
obligations.

(b)                                 No Put Right; Right of Repurchase. A Participant will have
no right to require the Company to purchase from the Participant any Shares
acquired by the Participant under this Plan. Upon termination of a Participant’s
employment for any or no reason (including death or disability) at any time
prior to the consummation of an underwritten public offering by the Company of
the Company’s securities pursuant to an effective registration statement filed
under the Securities Act of 1933, any Shares acquired by such Participant under
this Plan shall be subject to a right (but not an obligation) of repurchase in
favor of the Company. The Company’s right of repurchase with respect to Shares
acquired by a Participant under this Plan shall be exercisable, during the
ninety (90) day period immediately following the later of (i) the date of
termination of the Participant’s employment or (ii) 6 months following the date
on which the Participant acquired such Share pursuant to the exercise and/or
settlement of an Award under this Plan, in each case, by delivery of written
notice to the Participant (which notice shall set forth a date, within thirty
(30) days of the date of the notice, on which the repurchase is to be
effected). The Company’s right of repurchase with respect to Shares shall lapse
upon the consummation of an underwritten public offering by the Company of the
Company’s securities pursuant to an effective registration statement filed
under the Securities Act of 1933 or upon expiration of the above referenced
ninety (90) day period. If the Company exercises its right of repurchase with
respect to Shares acquired under this Plan it shall pay the Participant, at the
closing of such repurchase, an amount equal to the fair market value of the
Shares on the notice date. At the closing of any repurchase pursuant to this
Section 11(b), the Participant shall deliver to the Company stock certificates
duly endorsed for transfer, or accompanied by duly executed stock powers,
representing all of the Shares being sold, free and clear of all claims, liens,
or encumbrances from any third parties together with such other documentation
as the Company’s legal counsel may reasonably require.

12.                               Adjustment
of and Changes in the Stock

The number and
kind of Shares available for issuance under this Plan (including under any
Awards then outstanding), and the number and kind of Shares subject to the
individual limits set forth in Section 5 of this Plan, shall be adjusted by the
Administrator as it determines appropriate to reflect any reorganization,
reclassification, combination of shares, stock split, reverse stock split,
spin-off, dividend or distribution of securities, property or cash (other than
regular, quarterly cash dividends), or any other event or transaction that
affects the number or kind of Shares of the Company outstanding. Such
adjustment may be designed to comply with Section 425 of the Code or, except as
otherwise expressly provided in Section 5(c) of this Plan,

 12
 

may be designed to treat
the Shares available under the Plan and subject to Awards as if they were all
outstanding on the record date for such event or transaction or to increase the
number of such Shares to reflect a deemed reinvestment in Shares of the amount
distributed to the Company’s securityholders. The terms of any outstanding Award
may also be adjusted by the Administrator as to price, number or kind of Shares
subject to such Award, vesting, and other terms to reflect the foregoing
events, which adjustments need not be uniform as between different Awards or
different types of Awards.

In the event there
shall be any other change in the number or kind of outstanding Shares, or any
stock or other securities into which such Shares shall have been changed, or
for which it shall have been exchanged, by reason of a change of control, other
merger, consolidation or otherwise, then the Administrator shall, in its sole
discretion, determine the appropriate adjustment, if any, to be effected. In
addition, in the event of such change described in this paragraph, the
Administrator may accelerate the time or times at which any Award may be
exercised and may provide for cancellation of such accelerated Awards that are
not exercised within a time prescribed by the Administrator in its sole
discretion.

No right to
purchase fractional shares shall result from any adjustment in Awards pursuant
to this Section 12. In case of any such adjustment, the Shares subject to the
Award shall be rounded down to the nearest whole share. The Company shall
notify Participants holding Awards subject to any adjustments pursuant to this
Section 12 of such adjustment, but (whether or not notice is given) such
adjustment shall be effective and binding for all purposes of the Plan.

13.                               Qualifying
Performance-Based Compensation

(a)                                  General. The Administrator may establish performance
criteria and level of achievement versus such criteria that shall determine the
number of Shares, units, or cash to be granted, retained, vested, issued or
issuable under or in settlement of or the amount payable pursuant to an Award,
which criteria may be based on Qualifying Performance Criteria or other
standards of financial performance and/or personal performance evaluations. A
Performance Award may be identified as “Performance Share”, “Performance Equity”,
“Performance Unit” or other such term as chosen by the Administrator. In
addition, the Administrator may specify that an Award or a portion of an Award
is intended to satisfy the requirements for “performance-based compensation”
under Section 162(m) of the Code, provided that the performance criteria for
such Award or portion of an Award that is intended by the Administrator to
satisfy the requirements for “performance-based compensation” under Section
162(m) of the Code shall be a measure based on one or more Qualifying
Performance Criteria selected by the Administrator and specified at the time
the Award is granted. The Administrator shall certify the extent to which any
Qualifying Performance Criteria has been satisfied, and the amount payable as a
result thereof, prior to payment, settlement or vesting of any Award that is
intended to satisfy the requirements for “performance-based compensation” under
Section 162(m) of the Code. Notwithstanding satisfaction of any performance
goals, the number of Shares issued under or the amount paid under an award may,
to the extent specified in the Award Agreement, be reduced by the Administrator
on the basis of such further considerations as the Administrator in its sole
discretion shall determine.

 13
 

(b)                                 Qualifying Performance Criteria. For purposes of this Plan,
the term “Qualifying Performance Criteria” shall mean any one or more of the
following performance criteria, either individually, alternatively or in any
combination, applied to either the Company as a whole or to a business unit or
Subsidiary, either individually, alternatively or in any combination, and
measured either annually or cumulatively over a period of years, on an absolute
basis or relative to a pre-established target, to previous years’ results or to
a designated comparison group, in each case as specified by the Administrator:
(i) cash flow (before or after dividends), (ii) earning or earnings per share
(including earnings before interest, taxes, depreciation and amortization),
(iii) stock price, (iv) return on equity, (v) total stockholder return, (vi)
return on capital or investment (including return on total capital, return on
invested capital, or return on investment), (vii) return on assets or net
assets, (viii) market capitalization, (ix) economic value added, (x) debt
leverage (debt to capital), (xi) revenue, (xii) income or net income, (xiii)
operating income, (xiv) operating profit or net operating profit, (xv)
operating margin or profit margin, (xvi) return on operating revenue, (xvii)
cash from operations, (xviii) operating ratio, (xix) operating revenue, (xx)
NSR and/or Total backlog, (xxi) days sales outstanding, or (xxii) customer
service. To the extent consistent with Section 162(m) of the Code, the
Administrator (A) shall appropriately adjust any evaluation of performance
under a Qualifying Performance Criteria to eliminate the effects of charges for
restructurings, discontinued operations, extraordinary items and all items of
gain, loss or expense determined to be extraordinary or unusual in nature or
related to the acquisition or disposal of a segment of a business or related to
a change in accounting principle all as determined in accordance with standards
established by opinion No. 30 of the Accounting Principles Board (APA Opinion
No. 30) or other applicable or successor accounting provisions, as well as the
cumulative effect of accounting changes, in each case as determined in
accordance with generally accepted accounting principles or identified in the
Company’s financial statements or notes to the financial statements, and (B)
may appropriately adjust any evaluation of performance under a Qualifying
Performance Criteria to exclude any of the following events that occurs during
a performance period: (i) asset write-downs, (ii) litigation, claims, judgments
or settlements, (iii) the effect of changes in tax law or other such laws or
provisions affecting reported results, (iv) accruals for reorganization and
restructuring programs and (v) accruals of any amounts for payment under this
Plan or any other compensation arrangement maintained by the Company.

14.                               Transferability

Each Award may not
be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated
by a Participant other than by will or the laws of descent and distribution,
and each Option or Stock Appreciation Right shall be exercisable only by the
Participant during his or her lifetime. Notwithstanding the foregoing, to the
extent permitted by the Administrator, the person to whom an Award is initially
granted (the “Grantee”) may transfer an Award to any “family member” of the
Grantee (as such term is defined in Section 1(a)(5) of the General Instructions
to Form S-8 under the Securities Act of 1933, as amended (“Form S-8”)), to
trusts solely for the benefit of such family members and to partnerships in
which such family members and/or trusts are the only partners; provided that,
(i) as a condition thereof, the transferor and the transferee must execute a
written agreement containing such terms as specified by the Administrator, and
(ii) the transfer is pursuant to a gift or a domestic relations order to the
extent permitted under the General Instructions to Form S-8. Except to the
extent specified otherwise in the agreement the Administrator provides for the
Grantee and transferee to execute, all vesting, exercisability and

 14
 

forfeiture provisions
that are conditioned on the Grantee’s continued employment or service shall
continue to be determined with reference to the Grantee’s employment or service
(and not to the status of the transferee) after any transfer of an Award
pursuant to this Section 14, and the responsibility to pay any taxes in
connection with an Award shall remain with the Grantee notwithstanding any
transfer other than by will or intestate succession.

15.                               Suspension
or Termination of Awards

Except as
otherwise provided by the Administrator, if at any time (including after a
notice of exercise has been delivered or an award has vested) the Chief
Executive Officer or any other person designated by the Administrator (each
such person, an “Authorized Officer”) reasonably believes that a Participant
may have committed an Act of Misconduct as described in this Section 15, the
Authorized Officer, Administrator or the Board may suspend the Participant’s
rights to exercise any Option, to vest in an Award, and/or to receive payment
for or receive Shares in settlement of an Award pending a determination of
whether an Act of Misconduct has been committed.

If the
Administrator or an Authorized Officer determines a Participant has committed
an act of embezzlement, fraud, dishonesty, nonpayment of any obligation owed to
the Company or any Subsidiary, breach of fiduciary duty, violation of Company
ethics policy or code of conduct, or deliberate disregard of the Company or
Subsidiary rules resulting in loss, damage or injury to the Company or any
Subsidiary, or if a Participant makes an unauthorized disclosure of any Company
or Subsidiary trade secret or confidential information, solicits any employee
or service provider to leave the employ or cease providing services to the
Company or any Subsidiary, breaches any intellectual property or assignment of
inventions covenant, engages in any conduct constituting unfair competition,
breaches any non-competition agreement, induces any Company or Subsidiary
customer to breach a contract with the Company or any Subsidiary or to cease
doing business with the Company or any Subsidiary, or induces any principal for
whom the Company or any Subsidiary acts as agent to terminate such agency
relationship (any of the foregoing acts, an “Act of Misconduct”), then except
as otherwise provided by the Administrator, (i) neither the Participant nor his
or her estate nor transferee shall be entitled to exercise any Option or Stock
Appreciation Right whatsoever, vest in or have the restrictions on an Award
lapse, or otherwise receive payment of an Award, (ii) the Participant will
forfeit all outstanding Awards and (iii) the Participant may be required, at
the Administrator’s sole discretion, to return and/or repay to the Company any
then unvested Shares previously issued under the Plan. In making such
determination, the Administrator or an Authorized Officer shall give the
Participant an opportunity to appear and present evidence on his or her behalf
at a hearing before the Administrator or its designee or an opportunity to
submit written comments, documents, information and arguments to be considered
by the Administrator. Any dispute by a Participant or other person as to the
determination of the Administrator shall be resolved pursuant to Section 23 of
the Plan.

16.                               Compliance
with Laws and Regulations

This Plan, the
grant, issuance, vesting, exercise and settlement of Awards thereunder, and the
obligation of the Company to sell, issue or deliver Shares under such Awards,
shall be subject to all applicable foreign, federal, state and local laws,
rules and regulations, stock

 15
 

exchange rules and
regulations, and to such approvals by any governmental or regulatory agency as
may be required. The Company shall not be required to register in a Participant’s
name or deliver any Shares prior to the completion of any registration or
qualification of such shares under any foreign, federal, state or local law or
any ruling or regulation of any government body which the Administrator shall
determine to be necessary or advisable. To the extent the Company is unable to
or the Administrator deems it infeasible to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company’s
counsel to be necessary to the lawful issuance and sale of any Shares
hereunder, the Company and its Subsidiaries shall be relieved of any liability
with respect to the failure to issue or sell such Shares as to which such
requisite authority shall not have been obtained. No Option shall be exercisable
and no Shares shall be issued and/or transferable under any other Award unless
a registration statement with respect to the Shares underlying such Option is
effective and current or the Company has determined that such registration is
unnecessary.

In the event an
Award is granted to or held by a Participant who is employed or providing
services outside the United States, the Administrator may, in its sole
discretion, modify the provisions of the Plan or of such Award as they pertain
to such individual to comply with applicable foreign law or to recognize
differences in local law, currency or tax policy. The Administrator may also
impose conditions on the grant, issuance, exercise, vesting, settlement or
retention of Awards in order to comply with such foreign law and/or to minimize
the Company’s obligations with respect to tax equalization for Participants
employed outside their home country.

17.                               Withholding

To the extent
required by applicable federal, state, local or foreign law, a Participant shall
be required to satisfy, in a manner satisfactory to the Company, any
withholding tax obligations that arise by reason of an Option exercise,
disposition of Shares issued under an Incentive Stock Option, the vesting of or
settlement of an Award, an election pursuant to Section 83(b) of the Code or
otherwise with respect to an Award. The Company and its Subsidiaries shall not
be required to issue Shares, make any payment or to recognize the transfer or
disposition of Shares until such obligations are satisfied. The Administrator
may provide for or permit the minimum statutory withholding obligations to be
satisfied through the mandatory or elective sale of Shares and/or by having the
Company withhold a portion of the Shares that otherwise would be issued to him
or her upon exercise of the Option or the vesting or settlement of an Award, or
by tendering Shares previously acquired.

18.                               Administration
of the Plan

(a)                                  Administrator of the Plan. The Plan shall be administered by
the Administrator who shall be the Compensation and Organization Committee of
the Board or, in the absence of a Compensation and Organization Committee, a
properly constituted Compensation Committee or the Board itself. Any power of
the Administrator may also be exercised by the Board, except to the extent that
the grant or exercise of such authority would cause any Award or transaction to
become subject to (or lose an exemption under) the short-swing profit recovery
provisions of Section 16 of the Securities Exchange Act of 1934 or cause an
Award designated as a Performance Award not to qualify for treatment as
performance-based compensation under

 16
 

Section 162(m) of the
Code. To the extent that any permitted action taken by the Board conflicts with
action taken by the Administrator, the Board action shall control. The
Compensation and Organization Committee may by resolution authorize one or more
officers of the Company to perform any or all things that the Administrator is
authorized and empowered to do or perform under the Plan, and for all purposes
under this Plan, such officer or officers shall be treated as the
Administrator; provided, however, that the resolution so authorizing such
officer or officers shall specify the total number of Awards (if any) such
officer or officers may award pursuant to such delegated authority, and any
such Award shall be subject to the form of Option agreement theretofore
approved by the Compensation and Organization Committee. No such officer shall
designate himself or herself as a recipient of any Awards granted under
authority delegated to such officer. In addition, the Compensation and
Organization Committee may delegate any or all aspects of the day-to-day
administration of the Plan to one or more officers or employees of the Company
or any Subsidiary, and/or to one or more agents.

(b)                                 Powers of Administrator. Subject to the express provisions
of this Plan, the Administrator shall be authorized and empowered to do all
things that it determines to be necessary or appropriate in connection with the
administration of this Plan, including, without limitation: (i) to prescribe,
amend and rescind rules and regulations relating to this Plan and to define
terms not otherwise defined herein; (ii) to determine which persons are
Participants, to which of such Participants, if any, Awards shall be granted
hereunder and the timing of any such Awards; (iii) to grant Awards to
Participants and determine the terms and conditions thereof, including the
number of Shares subject to Awards and the exercise or purchase price of such
Shares and the circumstances under which Awards become exercisable or vested or
are forfeited or expire, which terms may but need not be conditioned upon the
passage of time, continued employment, the satisfaction of performance
criteria, the occurrence of certain events (including events which constitute a
change of control), or other factors; (iv) to establish and verify the extent
of satisfaction of any performance goals or other conditions applicable to the
grant, issuance, exercisability, vesting and/or ability to retain any Award;
(v) to prescribe and amend the terms of the agreements or other documents
evidencing Awards made under this Plan (which need not be identical) and the
terms of or form of any document or notice required to be delivered to the
Company by Participants under this Plan; (vi) to determine whether, and the
extent to which, adjustments are required pursuant to Section 12; (vii) to
interpret and construe this Plan, any rules and regulations under this Plan and
the terms and conditions of any Award granted hereunder, and to make exceptions
to any such provisions in good faith and for the benefit of the Company; and
(viii) to make all other determinations deemed necessary or advisable for the
administration of this Plan.

(c)                                  Determinations by the Administrator. All decisions,
determinations and interpretations by the Administrator regarding the Plan, any
rules and regulations under the Plan and the terms and conditions of or
operation of any Award granted hereunder, shall be final and binding on all
Participants, beneficiaries, heirs, assigns or other persons holding or
claiming rights under the Plan or any Award. The Administrator shall consider
such factors as it deems relevant, in its sole and absolute discretion, to
making such decisions, determinations and interpretations including, without
limitation, the recommendations or advice of any officer or other employee of
the Company and such attorneys, consultants and accountants as it may select.

 17
 

(d)                                 Subsidiary Awards. In the case of a grant of an Award to any
Participant employed by a Subsidiary, such grant may, if the Administrator so
directs, be implemented by the Company issuing any subject Shares to the
Subsidiary, for such lawful consideration as the Administrator may determine,
upon the condition or understanding that the Subsidiary will transfer the
Shares to the Participant in accordance with the terms of the Award specified
by the Administrator pursuant to the provisions of the Plan. Notwithstanding
any other provision hereof, such Award may be issued by and in the name of the
Subsidiary and shall be deemed granted on such date as the Administrator shall
determine.

19.                               Amendment
of the Plan or Awards

The Board may
amend, alter or discontinue this Plan and the Administrator may amend, or alter
any agreement or other document evidencing an Award made under this Plan but,
except as provided pursuant to the provisions of Section 12, no such amendment
shall, without the approval of the stockholders of the Company:

(a)                                  increase
the maximum number of Shares for which Awards may be granted under this Plan;

(b)                                 reduce
the price at which Options may be granted below the price provided for in
Section 6(a);

(c)                                  reduce
the exercise price of outstanding Options;

(d)                                 extend
the term of this Plan;

(e)                                  change
the class of persons eligible to be Participants;

(f)                                    otherwise
amend the Plan in any manner requiring stockholder approval by law or under the
New York Stock Exchange listing requirements; or

(g)                                 increase
the individual maximum limits in Sections 5(c) and (d).

No amendment or
alteration to the Plan or an Award or Award Agreement shall be made which would
impair the rights of the holder of an Award, without such holder’s consent,
provided that no such consent shall be required if the Administrator determines
in its sole discretion and prior to the date of any change of control that such
amendment or alteration either is required or advisable in order for the
Company, the Plan or the Award to satisfy any law or regulation or to meet the
requirements of or avoid adverse financial accounting consequences under any
accounting standard.

20.                               No
Liability of Company

The Company and
any Subsidiary or affiliate which is in existence or hereafter comes into
existence shall not be liable to a Participant or any other person as to: (i)
the non-issuance or sale of Shares as to which the Company has been unable to
obtain from any regulatory body having jurisdiction the authority deemed by the
Company’s counsel to be necessary to the lawful issuance and sale of any Shares
hereunder; and (ii) any tax consequence expected, but not

 18
 

realized, by any
Participant or other person due to the receipt, exercise or settlement of any
Award granted hereunder.

21.                               Non-Exclusivity
of Plan

Neither the
adoption of this Plan by the Board nor the submission of this Plan to the
stockholders of the Company for approval shall be construed as creating any
limitations on the power of the Board or the Administrator to adopt such other
incentive arrangements as either may deem desirable, including without
limitation, the granting of restricted stock or stock options otherwise than
under this Plan or an arrangement not intended to qualify under Code Section
162(m), and such arrangements may be either generally applicable or applicable
only in specific cases.

22.                               Governing
Law

This Plan and any
agreements or other documents hereunder shall be interpreted and construed in
accordance with the laws of the Delaware and applicable federal law. Any
reference in this Plan or in the agreement or other document evidencing any
Awards to a provision of law or to a rule or regulation shall be deemed to
include any successor law, rule or regulation of similar effect or
applicability.

23.                               Arbitration
of Disputes

In the event a
Participant or other holder of an Award or person claiming a right under an
Award or the Plan believes that a decision by the Administrator with respect to
such person or Award was arbitrary or capricious, the person may request
arbitration with respect to such decision. The review by the arbitrator shall
be limited to determining whether the Participant or other Award holder has
proven that the Administrator’s decision was arbitrary or capricious. This
arbitration shall be the sole and exclusive review permitted of the
Administrator’s decision. Participants, Award holders and persons claiming
rights under an Award or the Plan explicitly waive any right to judicial
review.

Notice of demand
for arbitration shall be made in writing to the Administrator within thirty
(30) days after the applicable decision by the Administrator. The arbitrator
shall be selected by those members of the Board who are neither members of the
Compensation and Organizational Committee of the Board nor employees of the
Company or any Subsidiary. If there are no such members of the Board, the
arbitrator shall be selected by the Board. The arbitrator shall be an
individual who is an attorney licensed to practice law in the jurisdiction in
which the Company’s headquarters are then located. Such arbitrator shall be neutral
within the meaning of the Commercial Rules of Dispute Resolution of the
American Arbitration Association; provided, however, that the arbitration shall
not be administered by the American Arbitration Association. Any challenge to
the neutrality of the arbitrator shall be resolved by the arbitrator whose
decision shall be final and conclusive. The arbitration shall be administered
and conducted by the arbitrator pursuant to the Commercial Rules of Dispute
Resolution of the American Arbitration Association. Each side shall bear its
own fees and expenses, including its own attorney’s fees, and each side shall
bear one half of the arbitrator’s fees and expenses. The

 19
 

decision of the
arbitrator on the issue(s) presented for arbitration shall be final and conclusive
and may be enforced in any court of competent jurisdiction.

24.                               No
Right to Employment, Reelection or Continued Service

Nothing in this
Plan or an Award Agreement shall interfere with or limit in any way the right
of the Company, its Subsidiaries and/or its affiliates to terminate any
Participant’s employment, service on the Board or service for the Company at
any time or for any reason not prohibited by law, nor shall this Plan or an
Award itself confer upon any Participant any right to continue his or her
employment or service for any specified period of time. Neither an Award nor
any benefits arising under this Plan shall constitute an employment contract
with the Company, any Subsidiary and/or its affiliates. Subject to Sections 4
and 19, this Plan and the benefits hereunder may be terminated at any time in
the sole and exclusive discretion of the Board without giving rise to any
liability on the part of the Company, its Subsidiaries and/or its affiliates.

25.                               Unfunded
Plan

The Plan is
intended to be an unfunded plan. Participants are and shall at all times be
general creditors of the Company with respect to their Awards. If the
Administrator or the Company chooses to set aside funds in a trust or otherwise
for the payment of Awards under the Plan, such funds shall at all times be
subject to the claims of the creditors of the Company in the event of its
bankruptcy or insolvency.

 20
 

IN WITNESS WHEREOF, the Company has caused this 2006 Stock Incentive
Plan to be executed this of 27th day of December, 2006

 

	
  

  	
   

  	
  AECOM TECHNOLOGY CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  

  

 

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