Jacobs Solutions said it entered into a separation, waiver and general release agreement (the "Separation Agreement") with Claudia Jaramillo on May 6, 2024, which it said was entered into after the filing of the Original Form 8-K.

1. 01

   Jacobs Solutions said it entered into a separation, waiver and general release agreement (the "Separation Agreement") with Claudia Jaramillo on May 6, 2024, which it said was entered into after the filing of the Original Form 8-K.

2. 02

   The company said Ms. Jaramillo is eligible to receive severance benefits under the Executive Severance Plan for a Qualifying Termination not in connection with a Change in Control.

3. 03

   The company said Ms. Jaramillo's time-based restricted stock units held as of her termination date will continue to vest on their original schedule through November 15, 2027, and that she can receive a pro rata portion of her performance-based restricted stock units, based on actual performance, that she would have earned through November 15, 2026.

4. 04

   The company said Ms. Jaramillo's right to receive these benefits is conditioned on the effectiveness of a waiver and general release of claims, and that restrictive covenants, including non-competition and non-solicitation provisions, also apply to her.

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