Attached files

file filename
EX-10.20 - EXHIBIT 10.20 - FLUOR CORPex1020q42019.htm
EX-95 - EXHIBIT 95 - FLUOR CORPex95q42019.htm
EX-32.2 - EXHIBIT 32.2 - FLUOR CORPex322q42019.htm
EX-32.1 - EXHIBIT 32.1 - FLUOR CORPex321q42019.htm
EX-31.2 - EXHIBIT 31.2 - FLUOR CORPex312q42019.htm
EX-31.1 - EXHIBIT 31.1 - FLUOR CORPex311q42019.htm
EX-23.1 - EXHIBIT 23.1 - FLUOR CORPex231q42019.htm
EX-21.1 - EXHIBIT 21.1 - FLUOR CORPex211q42019.htm
EX-10.18 - EXHIBIT 10.18 - FLUOR CORPex1018q42019.htm
EX-10.17 - EXHIBIT 10.17 - FLUOR CORPex1017q42019.htm
EX-4.7 - EXHIBIT 4.7 - FLUOR CORPex47q42019.htm
10-K - 10-K - FLUOR CORPflr10kq42019.htm

Exhibit 10.21

Summary of Fluor Corporation Non-Management Director Compensation

Cash Compensation

Annual Retainer:
$
125,000

Annual Committee Chair Retainer:
 
   Audit Committee Chair:
$
20,000

   Commercial Strategies and Operational Risk Committee Chair:
$
15,000

   Governance Committee Chair:
$
15,000

Organization and Compensation Committee Chair:
$
15,000

Lead Independent Director Retainer:
$
35,000

Non-Committee Chair Member of the Executive Committee:
$
10,000


Retainers are paid quarterly in cash and can be deferred at the director’s election under the Fluor Corporation 409A Director Deferred Compensation Program (the “Deferred Compensation Program”). Effective January 1, 2013, directors no longer receive a 25% premium on the deferred amount deemed invested in company stock via the Deferred Compensation Program.

Equity Compensation

Each non-management director receives an annual grant of restricted stock units with a total market value of $155,000. The grant is made on the date of the annual meeting of shareholders. Non-management directors joining the Board after the date of the annual meeting receive a pro rata award on the date of their appointment to the Board. The restricted stock units vest immediately upon grant, but are subject to a three-year post-vest holding period. Directors can defer such units at their election under the Deferred Compensation Program.

Other Information

Fluor Corporation reimburses non-management directors for their travel and related expenses in connection with attending Board meetings and Board-related activities. Directors also receive life insurance ($75,000 in coverage) and business travel accident insurance ($250,000 in coverage). Directors’ charitable contributions that meet the guidelines of the Company’s employee charitable matching gift program are eligible for matching funds from the Company in an amount up to $5,000 per year.