1
EXHIBIT 10.23(a)
WAIVER
Chicago Bridge & Iron Company N.V., a Netherlands corporation, Chicago
Bridge & Iron Company, a Delaware Corporation, and Chicago Bridge & Iron Company
(Delaware), a Delaware corporation (collectively, the "Company") and the
undersigned executive ("Executive") are parties to a certain Change of Control
Severance Agreement ("Agreement") dated as of October 13, 2000.
In consideration of value received from the Company, receipt and
sufficiency of which are hereby acknowledged, Executive covenants and agrees
that the relocation of his principal place of business to the Woodlands, Texas,
announced June 18, 2001, is not "the Company's requiring the Executive to be
based at any office or location other than the location described in Section
3.2(a)(2)" of the Agreement within the meaning of Section 4.4(b)(i) of the
Agreement; and hereby expressly waives any right to assert that Good Reason (as
defined in the Agreement) exists by reason of such relocation.
Dated: 7/11/01 /s/ Xxxxxx X. Xxxxxx
------------------ ---------------------------------
Executive
Accepted: Chicago Bridge & Iron Company N.V.
By Chicago Bridge & Iron Company B.V.
Its sole Managing Director
Chicago Bridge & Iron Company
Chicago Bridge & Iron Company (Delaware)
Dated: 7/11/01 By: /s/ Xxxxxx X. Xxxxx
------------------ -----------------------------
Their respective authorized officer
2
WAIVER
Chicago Bridge & Iron Company N.V., a Netherlands corporation, Chicago
Bridge & Iron Company, a Delaware Corporation, and Chicago Bridge & Iron Company
(Delaware), a Delaware corporation (collectively, the "Company") and the
undersigned executive ("Executive") are parties to a certain Change of Control
Severance Agreement ("Agreement") dated as of October 13, 2000.
In consideration of value received from the Company, receipt and
sufficiency of which are hereby acknowledged, Executive covenants and agrees
that the relocation of his principal place of business to the Woodlands, Texas,
announced June 18, 2001, is not "the Company's requiring the Executive to be
based at any office or location other than the location described in Section
3.2(a)(2)" of the Agreement within the meaning of Section 4.4(b)(i) of the
Agreement; and hereby expressly waives any right to assert that Good Reason (as
defined in the Agreement) exists by reason of such relocation.
Dated: 7/11/01 /s/ Xxxxxxx X. Xxxxx
------------------ ---------------------------------
Executive
Accepted: Chicago Bridge & Iron Company N.V.
By Chicago Bridge & Iron Company B.V.
Its sole Managing Director
Chicago Bridge & Iron Company
Chicago Bridge & Iron Company (Delaware)
Dated: 7/11/01 By: /s/ Xxxxxx X. Xxxxx
------------------ -----------------------------
Their respective authorized officer
