Extension of Fixed Term Employment Agreement between Foster Wheeler Global E&C SRL and Umberto Della Sala
Foster Wheeler Global E&C SRL and Mr. Umberto Della Sala have agreed to extend Mr. Della Sala's fixed-term employment contract, originally set to expire on July 31, 2013, to a new end date of December 31, 2013. All other terms of the original agreement remain unchanged. The contract will automatically terminate on the new expiry date without the need for further notice.
Exhibit 10.48
Corsico, December 6th, 2012
EXTENSION OF FIXED TERM EMPLOYMENT AGREEMENT
This extension of the fixed term Employment Agreement (“the Agreement”) in force between FOSTER WHEELER GLOBAL E&C SRL (“the Company”) and Mr. UMBERTO DELA SALA (“the Executive”) since October 1st 2008 is dated December 6th, 2012.
By executing this extension, the Company and the Executive agree that the Agreement expiring on July 31st 2013 is extended to December, 31st 2013, pursuant to Article 10, Paragraph 4, Law Decree n. 368 of 6 September 2001, as modified by Law n. 247 of 24 December 2007.
All other conditions remain unchanged.
It is agreed that on the expiry date above the Agreement will terminate without any further communication.
| FOSTER WHEELER GLOBAL E&C S.R.L. | THE EXECUTIVE | |||||||||
| BY /s/ Franco Baseotto | /s/ Umberto della Sala | |||||||||
| NAME: Franco Baseotto | NAME: | Umberto della Sala | ||||||||
A Board of Directors’ Member
