EX-10.1 2 f23651exv10w1.htm EXHIBIT 10.1 exv10w1
 

EXHIBIT 10.1
URS CORPORATION
SUMMARY OF NON-EXECUTIVE DIRECTOR COMPENSATION
(AS OF SEPTEMBER 30, 2006)
                 
COMPONENT   VALUE   PAYABLE AS OF
         
Cash Compensation:        
         
  Quarterly Retainer   $10,000   Payable quarterly in advance, on the first business day of each fiscal quarter
         
  Quarterly Premium for Chair of Audit Committee   $2,500   Payable quarterly concurrently with the Quarterly Retainer
         
Cash Compensation:        
         
  Meeting Fees:       Payable to each non-executive Director for each meeting attended
         
    o   Board   $2,000   Per meeting attended in person
         
    o   Committees   $1,500   Per meeting attended by non-Chairmen in person
         
    o   Audit Committee Chairman   $4,000   Per meeting chaired by Chairman of Audit Committee in person
         
    o   Board Affairs and Compensation Committee Chairmen   $3,000   Per meeting chaired by Chairman of the Board Affairs and Compensation Committees in person
         
    o   Telephonic meetings and participation in regular meetings by telephone Board and Committee meetings)   $750   Per meeting attended by each non-executive Director (including Committee Chairmen)
         
Equity Compensation:        
         
  Quarterly Stock Award (fully vested)   $10,625   Issuable and calculated as of the first day of each fiscal quarter
         
  Quarterly Deferred Stock Award (fully vested)   $10,625   Calculated as of the first day of each fiscal quarter, but not issued until six months after Board service has terminated
         
Miscellaneous:        
         
  Medical Benefit Plan       Non-executive directors who were elected prior to December 17, 1996 are entitled to participate in URS’ medical benefit plan.