Babcock & Wilcox Long-Term Incentive Grant Notice and Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document notifies the recipient that they have been granted long-term incentives by The Babcock & Wilcox Company, including performance restricted stock units, restricted stock units, and non-qualified stock options. The grant is subject to the terms of the company's 2010 Long-Term Incentive Plan and related agreements. The recipient must sign and return the notice within 30 days to accept the grant and its conditions. The agreement outlines the process for acceptance and references additional governing documents available online.

Read More Arrow
EX-10.17 5 d648175dex1017.htm EX-10.17 EX-10.17

EXHIBIT 10.17

 

Notice of Grant

Babcock & Wilcox Long-Term Incentives

[Date]

TO: [Name]

The Company is pleased to advise that you have been granted long-term incentives as follows:

 

Date of Grant:

                 

Performance Restricted Stock Units Granted:

   

 

             

Restricted Stock Units Granted:

                 

Non Qualified Stock Options Granted:

                @            

By your signature below, you agree that these incentives are granted under and governed by the terms and conditions of the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company (as amended and restated to date, the “Plan”), and the 2014 B&W Restricted Stock Units, Stock Options and Performance Restricted Stock Units Agreements, which are attached to and made a part of this document. A copy of the Plan and the Prospectus relating to the stock issued under the Plan can be found at http://equityawardcenter.schwab.com under the “At a Glance/My Company Info” tab in your Schwab account. The Plan and Prospectus are incorporated by reference and made a part of this document. If you would like to receive a copy of either the Plan or Prospectus, please contact             at [telephone number] or [email].

Please acknowledge (1) your receipt and acceptance of this Notice of Grant and accompanying long-term incentives and (2) your agreement with the terms contained in the Grant Agreement governing such long-term incentives, by signing both this Notice and the enclosed copy hereof and returning one such signed copy to The Babcock & Wilcox Company at The Harris Building, 13024 Ballantyne Corporate Place, Charlotte, NC 28277, Attention:                 and marked “Personal and Confidential.” Your long-term incentives will not be effective until you return a signed copy of this Notice. Please do so no later than 30 days from the date of the Notice.

 

 

      Date:           

[Name]