EXHIBIT 10.1
URS CORPORATION
SUMMARY OF NON-EXECUTIVE DIRECTOR COMPENSATION
(AS OF SEPTEMBER 30, 2006)
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. | ||||||