Incentive Award Grant Agreement Sample Contracts

January 1, 2021

Incentive Award Grant Agreement • November 13th, 2020 • Babcock & Wilcox Enterprises, Inc. • Heating equipment, except electric & warm air furnaces

• Contract Type
  Incentive Award Grant Agreement
• Filed
  November 13th, 2020
• Company
  Babcock & Wilcox Enterprises, Inc.
• Industry
  Heating equipment, except electric & warm air furnaces

This letter (the “Agreement”) memorializes the terms of a long-term cash incentive award (the “Award”) that Babcock & Wilcox Enterprises, Inc. (“BW”) is making to you, subject to the terms and conditions set forth below. The Award is an award of “Performance Units” under the Babcock & Wilcox Enterprises, Inc. 2015 Long-Term Incentive Plan (the “Plan”).