Agreement for Termination of Fixed Term Employment Contract between Foster Wheeler Continental Europe S.r.l. and Umberto della Sala

/s/ Antonio Vietti

NAME: Antonio Vietti

/s/ Umberto della Sala

NAME: Umberto della Sala

TITLE: Human Resources Director

Summary

Foster Wheeler Continental Europe S.r.l. and Mr. Umberto della Sala have agreed to end Mr. della Sala's fixed-term employment contract as of September 30, 2008. Mr. della Sala formally resigns, and the company accepts his resignation, confirming that his employment will end on that date. The company also agrees not to apply any penalties or deductions for ending the contract before its original term. Both parties have signed the agreement to confirm these terms.

EX-10.3 3 y72045exv10w3.htm EX-10.3: AGREEMENT FOR THE TERMINATION OF FIXED TERM EMPLOYMENT CONTRACT EX-10.3

Exhibit 10.3

AGREEMENT FOR THE TERMINATION OF FIXED TERM EMPLOYMENT CONTRACT

This agreement is made between Foster Wheeler Continental Europe S.r.l. (“The Company”), represented by Mr.Antonio Vietti, Human Resources Director, on one side

and

Mr. Umberto della Sala (“The Executive”), born in Avellino Italy on April 4°, 1948, employed with Foster Wheeler Continental Europe S.r.l. by means of a fixed term contract as of April 1^st, 2008, on the other side.

By executing this agreement the Company and the Executive agree as follows:

	1.		with the signature of this agreement the Executive formally resigns as an employee of the Company and requires the Company to terminate the employment contract in force on September 30, 2008, without applying any deduction for the anticipated termination of the fixed term contract in force;

	2.		the Company does accept the above mentioned Executive resignation and with the signature of this agreement confirms that the employment contract in force with the Executive will terminate for any purpose on September 30, 2008; furthermore, the Company confirms that the Executive will not be subject to any deduction for the anticipated termination of the employment contract;

Agreed and signed in Corsico (Mi) on September 30, 2008

FOSTER WHEELER CONTINENTAL EUROPE THE EXECUTIVE