Congratulations to Jack Frost for being named one of The 2022 Construction Power 100 by City and State NY.. Frost has served as President and Chief Operating Officer and as a Director since February 2015. Counterparts. Frost, a member of the Board of Directors (the Board) of Tutor Perini Corporation (the Company), notified the Company that he was resigning from the Board effective immediately. What was James Frost's Salary in 2020? (d) That he has signed this Release voluntarily and knowingly in exchange for the consideration described herein, which he acknowledges is adequate and satisfactory to him and which he acknowledges is in addition to any other benefits to which he is otherwise entitled. View Alexis's profile. Frost has served as CEO of Tutor Perini's Civil Group. (b) That he understands the significance of his release of unknown claims and his waiver of statutory protection against a release of unknown claims. Anthony C. Fiore has served as Executive Vice President, Tax, Treasurer, and Corporate Secretary of Tutor Perini Corporation since January 2020. Mr. Frosts resignation is not the result of any disagreement with the Company relating to its operations, policies or practices or with its Board or management. Executive Vice President, Special Projects on September 30, 2022 until his Jack A. (b)Materials. CityCenter. Section 5. 110 hours tutoring. Utah State University DigitalCommons@USU Tutor Perini Awarded $2.95 Billion Design-Build Program for the NYC The performance criteria for any particular calendar year shall be established by the Compensation Committee of the Board (the "Compensation Committee") no later than 90 days after the commencement of such calendar year or at such other time as determined by the Compensation Committee. Tutor Perini Leadership: Executives and Demographics - Zippia LOS ANGELES, May 01, 2023--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that it has been awarded a contract by the New York . Despite $21.6M loss, Tutor Perini sticks to its guidance Tutor Perini Corporation Announces Board Changes - MarketScreener.com A tutor is not an editor or an expert. duties and his execution of a customary release in favor of the Company, and from the Board and will continue to serve with the Company as Executive Intending to be legally bound hereby, Executive and the Company have executed this Release as of the date first written above. L. No. TUTOR PERINI CORP : Change in Directors or Principal Officers (form 8-K) Hudson Yards - Multiple Projects - New York, NY - Total $2.3 Billion. (D) there is a vote of a majority of the members of the Board to terminate him for Cause. Binding Effect. Congratulations to Jack Frost - Tutor Perini Corporation | Facebook (iv)For purposes of compliance with Code Section 409A, (i) all expenses or other reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Executive, (ii) any right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit, and (iii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. (B)Cause. Section 8. (b)Annual Bonus. Efforts of such stunning size and complexity don't intimidate us they inspire us. Severability. Tutor Perini - Wikipedia In addition, during the Employment Period, Executive shall be entitled to 20 hours of flying time per calendar year of personal use of the Employers GIV Jet or equivalent with any unused balance being carried forward to subsequent calendar years in the Employment Period. "That's old news," said Jack Frost, CEO of Perini Civil, referring to the worker fatalities and the federal investigation, which resulted in indictments of two top Perini executives. In addition, all obligations of the Employer to make payments hereunder shall survive any termination of this Agreement on the terms and conditions set forth herein. (a) This Release and the Agreement, and any other documents expressly referenced therein, constitute the complete and entire agreement and understanding of Executive and the Company with respect to the subject matter hereof, and supersedes in its entirety any and all prior understandings, commitments, obligations and/or agreements, whether written or oral, with respect thereto; it being understood and agreed that this Release and including the mutual covenants, agreements, acknowledgments and affirmations contained herein, is intended to constitute a complete settlement and resolution of all matters set forth in Section1 hereof. construction company, today announced that, at the recommendation of its For clients and employees alike, their knowledge and understanding of the industry is inspiring and reassuring. During the Employment Period and thereafter, the Employer agrees to indemnify and hold Executive and Executive's heirs and representatives harmless, to the maximum extent permitted by law, against any and all damages, costs, liabilities, losses and expenses (including reasonable attorneys' fees) as a result of any claim or proceeding (whether civil, criminal, administrative or investigative), or any threatened claim or proceeding (whether civil, criminal, administrative or investigative), against Executive that arises out of or relates to Executive's service as an officer, director or employee, as the case may be, of the Employer, or Executive's service in any such capacity or similar capacity with an affiliate of the Employer or other entity at the request of the Employer, both prior to and after the Effective Date, and to promptly advance to Executive or Executive's heirs or representatives such expenses upon written request with appropriate documentation of such expense upon receipt of an undertaking by Executive or on Executive's behalf to repay such amount if it shall ultimately be determined that Executive is not entitled to be indemnified by the Employer. If Executive's employment is terminated during the Employment Period as a result of Executive's death, this Agreement and the Employment Period shall terminate without further notice or any action required by the Employer or Executive's legal representatives. in his ability to provide broader leadership to drive continued growth Ronald N. Tutor (born 1940/1941) is an American businessman. Title. (f) That he does not waive rights or claims that may arise after the date this Release is executed or those claims arising under the Agreement with respect to payments and other rights due Executive on the date of, or during the period following, the termination of his Employment. Frost, a member of the Board of Directors (the "Board") of Tutor Perini Corporation (the "Company"), notified the Company that he was resigning from the Board effective immediately. Without limiting the generality of the foregoing, it is not the intention of the Company to establish any policy, procedure, course of dealing or plan of general application for the benefit of or otherwise in respect of any other employee, officer, director or stockholder, irrespective of any similarity between any contract, agreement, commitment or understanding between the Company and such other employee, officer, director or stockholder, on the one hand, and any contract, agreement, commitment or understanding between the Company and Executive, on the other hand, and irrespective of any similarity in facts or circumstances involving such other employee, officer, director or stockholder, on the one hand, and Executive, on the other hand. (iv) Executive has not knowingly provided to the Employer, nor been requested by the Employer to provide, any confidential or non-public document or information of a former employer that constitutes or contains any protected trade secret, and will not knowingly use any protected trade secrets of any former employer in the course of his employment hereunder. All notices, demands, requests, or other communications which may be or are required to be given or made by any party to any other party pursuant to this Agreement shall be in writing and shall be hand delivered, mailed by first-class registered or certified mail, return receipt requested, postage prepaid, delivered by overnight air courier, or transmitted by facsimile transmission addressed as follows: Address last shown on the Employer's Records. Assignment. Utah State University DigitalCommons@USU Frost has served as President and Chief Operating Officer and as a director since February 2015. 1981, the Civil Rights Act of 1991, Pub. AMENDED AND RESTATED EMPLOYMENT AGREEMENT. "I don't believe there's anything on the job that can't be. 151 et seq., and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, but not including such claims to payments and other rights provided Executive under the Agreement. He has done an outstanding job in leading the growth of Tutor Section 23. $200 TrillionIs Needed to Stop Global Warming. During the Employment Period, Executive shall bebased as needed for the Employer's business consistent with the Executive's position(s). This Agreement shall become effective on the Effective Date. Executive agrees that each of Executives obligations specified in this Agreement is a separate and independent covenant and that the unenforceability of any of them shall not preclude the enforcement of any other covenants in this Agreement. Company through March 31, 2024. Prior to joining Tutor Perini, Mr. Palmer was Executive Vice President, Director of Strategic Alliances, North America for Tishman AECOM. Revenue was $776.3 million compared to $952.2 million for the first quarter of last year. "Cause" shall be limited to the following events. Frost will work with the Company on the settlement and resolution of various If, during the Employment Period, the Employer terminates Executive's employment for Cause pursuant to Section 9(a)(ii)(B) or Executive terminates his employment without Good Reason, the Employer shall pay to Executive Executive's Base Salary due through the Date of Termination and all Accrued Benefits, if any, to which Executive is entitled as of the Date of Termination, at the time such payments are due, and Executive's rights with respect to equity or equity-related awards shall be governed by the applicable terms of the related plan or award agreement. Northeast; Southeast; Midwest; South; West; International; Clear Search. Frost has served as President and Chief Operating Officer and as a Director since February 2015. Executive's employment hereunder may be terminated during the Employment Period under the following circumstances: (i)Death. Employer shall obtain Executive's consent, which consent shall not be unreasonably delayed, conditioned or denied, in connection with the use of Executive's name and likeness. Mr. Tutor holds a Bachelor of Science degree in Finance from the University of Southern California. company offering diversified general contracting and design-build Section 11. After submitting your information, you will receive an email. Mr. Smithson holds a Bachelor of Science in Geologic Engineering from Purdue University and a Master of Science in Civil Engineering from the University of Illinois at Urbana-Champaign. (g)Clawback of Certain Incentive Compensation. President, Building & Specialty Contractors Groups. Notices. Directors, replacing former President, Robert Band, who has resigned IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement, or have caused this Agreement to be duly executed and delivered on their behalf. annual base salary of $1,000,000, remain eligible to receive an annual bonus for This Section 10(e) shall apply if there is (i) a termination of Executives employment by the Employer other than for Cause or Disability pursuant to Section 9(a) or by Executive for Good Reason during the two-year period after a Change in Control or (ii) a termination of Executives employment by the Employer prior to a Change in Control, if the termination was at the request of a third party or otherwise arose in anticipation of a Change in Control. Madera, CA to Fresno, CA $1.9 Billion SR 99. of satisfaction of performance targets related to the settlement and resolution Tutor Perini Location Sylmar, California, United States Regions Greater Los Angeles Area, West Coast, Western US Gender Male Also Known As Jack A. The Base Salary shall be paid in substantially equal installments in accordance with the Employer's regular payroll procedures. A specialist in Strategic Alliances, his career has spanned the fields of real estate development and construction management. Tutor Perini Location 15901 Olden St, Sylmar, California, 91342, United States Description Said. (iii) continued vesting of his outstanding equity awards. Frost has been with Tutor Such cooperation shall be rendered at reasonable times and places and in a manner that does not unreasonably interfere with any other employment in which Executive may then be engaged. Jack Cooney Email & Phone Number - Tutor Perini | ZoomInfo Name. Danny Hoisman, EXECUTIVE VICE PRESIDENT - FLORIDA OPERATIONS Tutor Perini Building Corp. One East Broward Boulevard, Suite 1300 Fort Lauderdale, FL 33301 (954) 733-4211. (i)During the Non-Compete Period, Executive shall not, directly or indirectly, (A) solicit or encourage any client or customer of the Employer or any of its Affiliates, or any person or entity who was such a client or customer within 500 days prior to Employer's or Executive's action to terminate, reduce or alter in a manner adverse to the Employer or any of its Affiliates, any existing business arrangements with the Employer or any of its Affiliates or to transfer existing business from the Employer or any of its Affiliates to any other person or entity, (B) provide services in any capacity to any entity if (i) the entity competes with the Employer or. 100,000 cash-settled performance units ("CPSUs"), which will vest to the extent Anna N. Provo, UT. Projects - Tutor Perini Mr. James A. Executive agrees that he will not be entitled to or accept any benefit from any claim or proceeding within the scope of this Release that is filed or instigated by him or on his behalf with any agency, court or other government entity. Frost's premiums for continued group health plan and life During the Employment Period, Executive will be entitled to participate in all standard Company benefits including vacation days, holidays, pension, retirement, profit sharing, savings, 401(k), income deferral, life insurance, disability insurance, accidental death and dismemberment protection, travel accident insurance, hospitalization, medical, dental, vision and other employee benefit plans, programs and arrangements that may from time to time be made available generally to other senior executives of the Employer, all to the extent Executive is eligible under the terms of such plans, programs and arrangements. Executive will choose the new CEO of the Civil Group with approval of the Chairman. Executive's Annual Bonus for a calendar year shall be determined by the Compensation Committee after the end of the calendar year and shall be paid to Executive when annual bonuses for that year are paid to other senior executives of the Employer generally, but in no event later than March 15 of the following calendar year. Place of Performance. have provided construction services since 1894 and have established a (c) That he is waiving all rights to sue or obtain equitable, remedial or punitive relief from any or all Company Parties of any kind whatsoever, including, without limitation, reinstatement, back pay, front pay, attorneys fees and any form of injunctive relief. In addition, Mr. Concurrently and until the merger, he was also the Chief Executive Officer of Perini since March 2000, Chairman of Perinis Board from July 1999 and a director of Perini since January 1997. Section 15. (a)Death. Attorneys' Fees. I have read this Release and have been given adequate opportunity, including 21 days from my initial receipt of this Release, to review this Release and to consult legal counsel prior to my signing of this Release. This Agreement constitutes the entire agreement between the parties respecting the employment of Executive, there being no representations, warranties or commitments except as set forth herein.

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