Babcock & Wilcox 2011 Notice of Grant of Long-Term Incentives under 2010 Long-Term Incentive Plan

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, which may include performance shares, restricted stock units, and non-qualified stock options. The grant is governed by the company's 2010 Long-Term Incentive Plan and related agreements. To accept the grant, the recipient must sign and return the notice within 30 days. The incentives are not effective until the signed notice is received by the company.

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EX-10.23 5 dex1023.htm 2011 NOTICE OF GRANT 2011 Notice of Grant

EXHIBIT 10.23

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 Shares 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 2011 B&W Restricted Stock Units, Stock Options and Performance Shares 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:                     , Director Corporate Compensation, 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:                    
PARTICIPANT