Consulting Agreement Renewal between AECOM and Horne Consulting, LLC (Richard G. Newman)
AECOM is renewing its consulting agreement with Horne Consulting, LLC, represented by Richard G. Newman, for an additional year from April 1, 2012, to March 31, 2013. The agreement may be extended further by mutual written consent. Newman will provide consulting services for 50 to 75 days per year, excluding his duties as a board member, at a rate of $8,000 per day, with a retainer not exceeding $120,000. All other terms from the previous agreement remain unchanged.
Exhibit 10.3
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| John M. Dionisio | 213 ###-###-#### | tel |
| Chairman and CEO | 213 ###-###-#### | fax | |
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| AECOM | ||
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| 555 South Flower Street | ||
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| Suite 3700 | ||
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| Los Angeles, California 90071-2300 | ||
March 8, 2012
Richard G. Newman
Horne Consulting, LLC
2024 La Mesa Drive
Santa Monica, CA 90402
Dear Dick,
I am writing to inform you that we would like to renew the term of your consulting agreement, dated May 4, 2010, as amended April 21, 2011, with AECOM for an additional year. The term of the agreement will be extended from April 1, 2012 to March 31, 2013, and may be further extended annually upon mutual written agreement. Your consulting schedule is expected to be in the range of 20% to 30% of a full time commitment, or 50 — 75 days for the year, exclusive of any time you spend fulfilling your duties as a member of AECOM’s Board of Directors, with a consulting fee of $8,000 per day based on specific work assignments. In addition, we will pay to you a retainer not to exceed $120,000 against invoices that you provide from time to time. All other terms and conditions of your consulting arrangement for the additional year will remain unchanged from those in your prior consulting agreement.
If you agree to these terms, please sign and date this letter in the space indicated below.
I look forward to the opportunity to continue working together.
Sincerely,
| /s/ John M. Dionisio |
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| John M. Dionisio |
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| Chairman and CEO |
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AGREED AND ACCEPTED:
Horne Consulting, LLC
| By: | /s/ Richard G. Newman |
| Date: | May 4, 2012 |
| Title: | Member |
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| By: | /s/ Richard G. Newman |
| Date: | May 4, 2012 |
| Name: | Richard G. Newman, |
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| as an individual |
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