Common Contracts

2 similar Stock Option Grant Agreement contracts by Babcock & Wilcox Co, McDermott International Inc

STOCK OPTION GRANT AGREEMENT
Stock Option Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines

The grant of Options (as defined below) set forth under this Grant Agreement is being made in connection with the spin-off of The Babcock & Wilcox Company from McDermott International, Inc. pursuant to the Plan (as defined below). This grant, including the terms and conditions thereof as set forth in this Grant Agreement, is issued as a replacement grant in substitution of the stock option award granted to you on - (the “Original Grant Date”), which award is hereby cancelled.

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STOCK OPTION GRANT AGREEMENT
Stock Option Grant Agreement • March 1st, 2011 • McDermott International Inc • Fabricated plate work (boiler shops)

The grant of Options (as defined below) set forth under this Grant Agreement is being made in connection with the spin-off of The Babcock & Wilcox Company from McDermott International, Inc. pursuant to the Plan (as defined below). This grant, including the terms and conditions thereof as set forth in this Grant Agreement, is issued as a replacement grant in substitution of the stock option award granted to you on (the “Original Grant Date”), which award is hereby cancelled.

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