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EXHIBIT 10.15
Retention Compensation Arrangement
As of the date of this disclosure, CH2M HILL, Inc. and Robert G. Card have an
oral additional compensation agreement, the objective of which is retention.
CH2M HILL, Inc. anticipates that the oral agreement will be reduced to writing
in the foreseeable future. The general terms of the agreement are as follows:
Parties:CH2M HILL, Inc. and Robert Card
Effective Date:December 1, 1999
Compensation: US $100,000 payable in CH2M HILL restricted stock or
equivalents; restricted stock strike price is CH2M HILL common
stock price in effect at June 9, 2000 Trade.
Cliff Vesting: Restricted stock or equivalents to be awarded on a cliff-
vesting basis. Vesting date is set to be December 31, 2002.
Vesting Terms: Robert G. Card will receive the full value of the restricted
stock award if and only if, as of the vesting date.
. He continues to be employed by Kaiser-Hill, LLC, any
successor to the Rocky Flats Closure contract in which CH2M
HILL owns at least a 50 percent interest, by another CH2M
HILL subsidiary or affiliate, or
. He is employed in another capacity acceptable to CH2M HILL
at its sole discretion; or
. CH2M HILL terminates his employment prior to the vesting
date for any reason other than cause (derelection of duty
or material misconduct); or
. He is unable to continue his active employment with CH2M
HILL due to disability or death.
Other Terms: The arrangement is governed by Colorado law and incorporates by
reference all customary terms and conditions for similar
agreements under similar circumstances.
