WASHINGTON GROUP RETENTION AGREEMENTS WITH NAMED EXECUTIVES EACH DATED AS OF MARCH 14, 2001 George H. Juetten Ambrose L. Schwallie Thomas H. Zarges DATED AS OF NOVEMBER 16, 2001 Stephen M. JohnsonRetention Agreement • March 5th, 2004 • Washington Group International Inc • Services-engineering services
NOTE: Mr. Johnson’s Retention Agreement is identical in all materials terms to those entered into with Messrs Juetten, Schwallie and Zarges, with the exception that his Retention Bonus is prorated to allow for the time during early 2001 when he was not in the Company’s employ. Mr. Johnson returned to the employ of the Company on November 12, 2001.
AMENDMENTS TO WGI RETENTION AGREEMENTS WITH NAMED EXECUTIVES EACH DATED AS OF AUGUST 20, 2002 Stephen M. Johnson George H. Juetten Ambrose L. Schwallie Thomas H. ZargesRetention Agreement • March 5th, 2004 • Washington Group International Inc • Services-engineering services
NOTE: The Amendment to Mr. Johnson’s Retention Agreement is identical in all materials terms to those entered into with Messrs Juetten, Schwallie and Zarges, with the exception that his Retention Bonus is prorated to allow for the time during early 2001 when he was not in the Company’s employ. Mr. Johnson returned to the employ of the Company on November 12, 2001.
STEPHEN G. HANKS President and Chief Executive Officer January 21, 2004 Dennis R. Washington 47015 West Eldorado Indian Wells, CA 92210Terms and Conditions of Continued Service • March 5th, 2004 • Washington Group International Inc • Services-engineering services
This letter sets forth Washington Group International, Inc.’s (the “Company”) understanding of the agreement between you and the Company, effective November 14, 2003, with respect to the terms and conditions of your continued service to the Company and the consideration therefor.
