McDermott International, Inc. 2010 Executive Officer Salary and EICP Award Summary
This document outlines the 2010 base salaries and target annual incentive award opportunities for named executive officers of McDermott International, Inc. and its subsidiaries. It lists each executive's position, base salary, and the percentage of salary eligible as a target award under the Executive Incentive Compensation Plan (EICP). The agreement sets out compensation terms for the year but does not specify additional conditions or time limits beyond the 2010 period.
Exhibit 10.17
McDERMOTT INTERNATIONAL, INC.
Summary of
Executive Officer
2010 Base Salary and
Target EICP Compensation
| Executive Officer | Base Salary | Target Award Opportunity (as a % of 2010 base salary) | ||||
| John A. Fees Chief Executive Officer, McDermott International, Inc. | $ | 922,500 | 100 | % | ||
| Michael S. Taff Senior Vice President & Chief Financial Officer, McDermott International, Inc. | $ | 520,150 | 70 | % | ||
| Brandon C. Bethards President & Chief Executive Officer, The Babcock & Wilcox Company | $ | 539,360 | 70 | % | ||
| Robert A. Deason Executive Vice President, J. Ray McDermott, S.A. | $ | 555,000 | 70 | % | ||
| Stephen M. Johnson President & Chief Executive Officer, J. Ray McDermott, S.A. | $ | 768,750 | 85 | % | ||
| John T. Nesser Executive Vice President & Chief Operating Officer, J. Ray McDermott, S.A. | $ | 512,500 | 70 | % | ||
