2013 Stock Option Sample Contracts

GRANT AGREEMENT
2013 Stock Option • February 28th, 2013 • Babcock & Wilcox Co • Engines & turbines

Effective [insert date], 2013 (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.

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