NON-U.S. STOCK GROWTH INCENTIVE AWARD AGREEMENT

Exhibit 10.27

NON-U.S. STOCK GROWTH INCENTIVE AWARD AGREEMENT

This Non-U.S. Stock Growth Incentive Award Agreement (“Agreement”) entered into as of [date of grant], by and between Fluor Corporation, a Delaware corporation (the “Company”), and [name of recipient] (“Grantee” or “you”) evidences and confirms the following Non-U.S. Stock Growth Incentive Award (the “Award”) by the Committee under the Fluor Corporation 2008 Executive Performance Incentive Plan (the “Plan”).

Section 1.               AWARD SUBJECT TO PLAN

Your Non-U.S. Stock Growth Incentive Award is made subject to all of the terms and conditions of this Agreement and the Plan, a copy of which is available by request, including any terms, rules or determinations made by the Committee (as defined in the Plan), pursuant to its administrative authority under the Plan and such further terms as are set forth in the Plan that are applicable to awards thereunder, including without limitation provisions on adjustment of awards, non-transferability, satisfaction of tax requirements and compliance with other laws.  Capitalized terms used in this Agreement and not defined herein have the meaning set forth in the Plan.

Section 2.               TARGET, VALUE OF AWARD AND EARNOUT PERIOD

Your Non-U.S. Stock Growth Incentive Award target amount is [dollar amount of award], which becomes earned based on quarterly stock performance over a [period of years as determined by the Organization and Compensation Committee] at a rate of:

a)              [Vesting and payment schedule to be determined by the Organization and Compensation Committee.]

Quarterly stock performance will be measured based on the percentage increase or decrease from the last New York Stock Exchange (“NYSE”) trading day of each previous quarter to the last NYSE trading day of each current quarter applied to the total remaining earned balance each quarter within each fiscal year  of the Award earnout period.

Section 3.               CONTINUED EMPLOYMENT AND AWARD PAYMENT

If your employment with the Company or any of its subsidiaries terminates for any reason other than death, retirement, total and permanent disability as determined in accordance with applicable Company personnel policies and the Plan policies or for any reason within two years following a Change in Control of the Company as determined by the Committee occurs in accordance with the Plan, then as of the date of such termination this Award shall expire as to any portion which has not then become payable.  If prior to the Award becoming payable in full pursuant to the preceding paragraph, your employment with the Company or any of its subsidiaries terminates by reason of your death, total and permanent disability as determined in accordance with applicable Company personnel policies and the Plan policies or for any reason within two years following a Change in Control of the Company as determined by the Committee occurs in accordance with the Plan, then any portion of this Award which has yet to become payable shall become immediately payable as set forth in the preceding paragraph.  However, if prior to the Award becoming payable in full pursuant to the preceding paragraph, you retire from the Company and you deliver a signed non-competition agreement to the Company in a form acceptable to the Company, then any portion of this Award which has yet to become payable shall continue to be paid as set forth in Section 2.  Under all circumstances, any Award held less than one year from date of grant will be forfeited.

Section 4.               CONFIDENTIALITY

The Agreement and the Award hereunder are conditioned upon Grantee not disclosing this Agreement or said Award to anyone other than Grantee’s spouse or financial advisor or senior management of the Company or senior members of the Company’s Legal Services and Executive Compensation Services departments during the period prior to the full payment of the Award.  If disclosure is made by Grantee to any other person not authorized by the Company, this Agreement and said Award shall be null and void and all Awards otherwise granted hereunder to Grantee shall terminate.

Section 5.               ENFORCEMENT

This Agreement shall be construed, administered and enforced in accordance with the laws of the State of Delaware.

Section 6.               EXECUTION OF AWARD AGREEMENT

Please acknowledge your acceptance of the terms of this Agreement by signing the original of this Agreement and returning it to the Executive Compensation Services department.  If you have not signed and returned this Agreement within one month, the Company is not obligated to provide you any benefit hereunder and may refuse to make any payouts to you under this Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first hereinabove written.