URS Corporation Summary of Non-Executive Director Compensation (as of September 30, 2006)

Summary

This document outlines the compensation structure for non-executive directors of URS Corporation as of September 30, 2006. It details cash payments such as quarterly retainers, meeting fees, and additional premiums for committee chairs. Directors also receive quarterly stock awards and deferred stock awards, both fully vested. Non-executive directors elected before December 17, 1996, are eligible to participate in the company's medical benefit plan. The agreement specifies payment timing and conditions for each compensation component.

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.