B&W STOCK OPTION GRANT AGREEMENT (2011) (as amended and restated on February 22, 2011)Stock Option Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
Effective ], 2011 (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of The Babcock & Wilcox Company (“B&W”) selected you to receive a grant of Non-Qualified Stock Options (the “Options”) under the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company, as amended and restated February 22, 2011 (the “Plan”). The provisions of the Plan are incorporated herein by reference.
RSU GRANT AGREEMENTRsu Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
The grant of RSUs (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 Performance Share award granted to you on (the “Original Grant Date”), which award is hereby cancelled.
B&W RESTRICTED STOCK UNIT GRANT AGREEMENT (2011)Restricted Stock Unit Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
Effective , 2011 (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of The Babcock & Wilcox Company (“B&W”) awarded you a grant of restricted stock units (“RSUs”) under the 2010 Long-Term Incentive Plan of B&W, as amended and restated February 22, 2011 (the “Plan”). The provisions of the Plan are incorporated herein by reference.
STOCK OPTION GRANT AGREEMENTStock 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.
B&W PERFORMANCE SHARE GRANT AGREEMENT (2011)Performance Share Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
Effective , 2011 (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of The Babcock & Wilcox Company ( “B&W”) awarded you a grant of performance shares (“Performance Shares”) under the 2010 Long-Term Incentive Plan of B&W, as amended and restated February 22, 2011 (the “Plan”). The provisions of the Plan are incorporated herein by reference.
STOCK OPTION GRANT AGREEMENTStock Option Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
On , (the “Date of Grant”) the Compensation Committee of the Board of Directors (the “Committee”) of The Babcock & Wilcox Company (“B&W”) selected you to receive a grant of Non-Qualified Stock Options (the “Options”) under the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company (the “Plan”). The provisions of the Plan are incorporated herein by reference.
RSU GRANT AGREEMENTRsu Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
The grant of RSUs (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 restricted stock unit award granted to you on (the “Original Grant Date”), which award is hereby cancelled.
RESTRICTED STOCK GRANT AGREEMENTRestricted Stock Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
The grant of Restricted Stock (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 Restricted Stock award granted to you on (the “Original Grant Date”), which award is hereby cancelled.
B&W Restricted Stock Grant AgreementRestricted Stock Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
On , (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of The Babcock & Wilcox Company (“B&W”) selected you to receive a grant of restricted shares of Company common stock (“Restricted Stock”) under the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company (the “Plan”). The provisions of the Plan are incorporated herein by reference.
B&W Restricted Stock Grant AgreementRestricted Stock Grant Agreement • March 1st, 2011 • Babcock & Wilcox Co • Engines & turbines
Pursuant to the Restructuring Transaction Retention Agreement between you and McDermott International, Inc. dated December 10, 2009, which The Babcock & Wilcox Company (“B&W”) has assumed, the Compensation Committee of the Board of Directors (the “Committee”) of B&W has awarded you a grant of shares of restricted stock (the “Restricted Stock”) under the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company (the “Plan”). The provisions of the Plan are incorporated herein by reference.
