Common use of Employees Retirement Clause in Contracts

Employees Retirement. Employee and Employer confirm and agree that Employee will retire from employment with Employer as of the Retirement Date and that the employment relationship which existed between Employee and Employer and/or any of Employer’s affiliated companies will cease as of the Retirement Date. Nothing contained herein shall prevent or interfere with the ability of the parties to enter into agreements for Employee to provide consulting services and advice to Employer or Employer’s affiliates on an independent contractor basis (a “Subsequent Agreement”), including without limitation the Consulting Services Agreement (as defined in Section 9 below). In addition, it is anticipated that (a) Employee will continue to serve as a non-employee Class III member of the Board of Directors of Employer after the Retirement Date, (b) Employee will also serve as Chairman of such Board and as a member of various committees of such Board, and (c) Employee will be compensated for such services pursuant to the policies which apply generally to non-employee members of such Board. Employer shall cause its personnel records to reflect that Employee retired from employment with Employer effective on the Retirement Date. The Employment Agreement dated as of May 1, 2002, between Employer and Employee (as the same may subsequently be amended, supplemented or replaced, the “Employment Agreement”) shall continue in effect until the first to occur of its expiration or the Retirement Date. Employee acknowledges that neither the discontinuation of Employee’s service as Employer’s President nor any other circumstances referred to in this Agreement shall constitute “Good Reason” as such term is defined and used in the Employment Agreement.

Employees Retirement. Employee and Employer confirm and agree that Employee will retire from employment with Employer as of the Retirement Date and Date, that the employment relationship which existed between Employee and Employer and/or any of Employer’s affiliated companies will cease as of the Retirement Date, and that the Employment Agreement will terminate on the Retirement Date. Nothing However, nothing contained herein shall prevent or interfere with the ability of the parties to enter into future agreements for Employee to provide consulting services and advice to Employer or Employer’s affiliates on an independent contractor basis (a “Subsequent Agreement”), including without limitation the Consulting Services Agreement (as defined in Section 9 below). In addition, it is anticipated that (a) Employee will continue to serve as a non-employee Class III member of the Board of Directors of Employer Willbros Group, Inc. (“WGI”), Employer’s parent company, after the Retirement Date, (b) Date and that Employee will also serve as Chairman of such Board and as a member of various committees of such Board, and (c) . Employer acknowledges that Employee will be compensated for such services pursuant entitled to receive compensation as a non-employee member of the Board of Directors of WGI and Employee hereby declines his Initial Award under the Willbros Group, Inc. 2006 Director Restricted Stock Plan. Except as provided in any Subsequent Agreement or in policies which apply generally to non-employee members of such Boardthe WGI Board (“Board Policies”), all of Employer’s obligations to Employee on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein, in a Subsequent Agreement or in Board Policies, Employer shall have no further obligations whatsoever to Employee after the Retirement Date. Employer shall cause its personnel records to reflect that Employee retired from employment with Employer effective on the Retirement Date. The Employment Agreement dated as of May 1, 2002, between Employer and Employee (as the same may subsequently be amended, supplemented or replaced, the “Employment Agreement”) shall continue in effect until the first to occur of its expiration or the Retirement Date. Employee acknowledges that neither the discontinuation of Employee’s service as Employer’s President nor any other circumstances referred to in this Agreement shall constitute “Good Reason” as such term is defined and used in the Employment Agreement.

Employees Retirement. Employee and Employer confirm and agree that Employee will retire from employment with Employer as of the Retirement Date and that the employment relationship which existed between Employee and Employer and/or any of Employer’s affiliated companies will cease as of the Retirement Date. Nothing However, nothing contained herein shall prevent or interfere with the ability of the parties to enter into agreements for Employee to provide consulting services and advice to Employer or Employer’s affiliates on an independent contractor basis (a “Subsequent Agreement”), including without limitation the Consulting Services Agreement (being executed by Employer and Employee concurrently herewith. Except as defined set forth in Section 9 below). In additionthe 2003 Management Incentive Compensation Plan, it is anticipated that (a) Employee will continue to serve the 2000 Option Plan of GEEG Holdings, L.L.C., as a non-employee Class III member of amended, and the Board of Directors 2001 Stock Option Plan of Employer or as provided in any Subsequent Agreement, all of Employer’s obligations to Employee on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein or in a Subsequent Agreement, Employer shall have no further obligations whatsoever to Employee after the Retirement Date, (b) Employee will also serve as Chairman of such Board and as a member of various committees of such Board, and (c) Employee will be compensated for such services pursuant to the policies which apply generally to non-employee members of such Board. Employer shall cause its personnel records to reflect that Employee retired from employment with Employer effective on the Retirement Date. The Employment Agreement dated as of May 1, 2002, between Employer and Employee (as the same may subsequently be amended, supplemented or replaced, the “Employment Agreement”) shall continue in effect until the first to occur of its expiration or terminate effective upon the Retirement Date. Employee acknowledges that neither the discontinuation of Employee’s service as Employer’s President nor any other circumstances referred to in this Agreement shall constitute “Good Reason” as such term is defined and used in the Employment Agreement.

Employees Retirement. Employee and Employer confirm and agree that Employee is retiring or will retire from employment with Employer as of the Retirement Date and that the employment relationship which existed between Employee and Employer and/or any of Employer’s 's affiliated companies will cease or ceased as of the Retirement Date. Nothing However, nothing contained herein herein, shall prevent or interfere with the ability of the parties to enter into future agreements for Employee to provide consulting services and advice to Employer or Employer’s 's affiliates on an independent contractor basis (a “"Subsequent Agreement”), including without limitation the Consulting Services Agreement (as defined in Section 9 below"). In additionExcept as provided in any Subsequent Agreement, it is anticipated that (a) all of Employer's obligations to Employee will continue on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein or in a Subsequent Agreement, Employer shall have no further obligations whatsoever to serve Employee after the Retirement Date. Similarly, except as provided in any Subsequent Agreement, all of Employee's obligations to Employer on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein or in a non-employee Class III member of the Board of Directors of Subsequent Agreement, Employee shall have no further obligations to Employer after the Retirement Date, (b) Employee will also serve as Chairman of such Board and as a member of various committees of such Board, and (c) Employee will be compensated for such services pursuant to the policies which apply generally to non-employee members of such Board. Employer shall cause its personnel records to reflect that Employee retired from employment with Employer effective on the Retirement Date. The Employment Agreement dated as of May 1, 2002, between Employer and Employee (as the same may subsequently be amended, supplemented or replaced, the “Employment Agreement”) shall continue in effect until the first to occur of its expiration or the Retirement Date. Employee acknowledges that neither the discontinuation of Employee’s service as Employer’s President nor any other circumstances referred to in this Agreement shall constitute “Good Reason” as such term is defined and used in the Employment Agreement.

Employees Retirement. Employee and Employer confirm and --------------------- agree that Employee will retire is retiring from employment with Employer as of the Retirement Date and that the employment relationship which existed between Employee and Employer and/or any of Employer’s 's affiliated companies will shall cease as of the Retirement Date. Nothing However, nothing contained herein herein, shall prevent or interfere with the ability of the parties to enter into future agreements for Employee to provide consulting services and advice to Employer or Employer’s 's affiliates on an independent contractor basis (a “"Subsequent Agreement”), including without limitation the Consulting Services Agreement (as defined in Section 9 below"). In additionExcept as provided in any Subsequent Agreement, it is anticipated that (a) all of Employer's obligations to Employee will continue on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein or in a Subsequent Agreement, Employer shall have no further obligations whatsoever to serve Employee after the Retirement Date. Similarly, except as provided in any Subsequent Agreement, all of Employee's obligations to Employer on or after the Retirement Date are set forth herein. Accordingly, except as otherwise provided herein or in a non-employee Class III member of the Board of Directors of Subsequent Agreement, Employee shall have no further obligations to Employer after the Retirement Date, (b) Employee will also serve as Chairman of such Board and as a member of various committees of such Board, and (c) Employee will be compensated for such services pursuant to the policies which apply generally to non-employee members of such Board. Employer shall cause its personnel records to reflect that Employee retired from employment with Employer effective on the Retirement Date. The Employment Agreement dated as of May 1, 2002, between Employer and Employee (as the same may subsequently be amended, supplemented or replaced, the “Employment Agreement”) shall continue in effect until the first to occur of its expiration or the Retirement Date. Employee acknowledges that neither the discontinuation of Employee’s service as Employer’s President nor any other circumstances referred to in this Agreement shall constitute “Good Reason” as such term is defined and used in the Employment Agreement.