McDermott International, Inc. 2009 Executive Officer Salary and EICP Award Summary
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Summary
This document outlines the 2009 base salaries and target annual incentive award opportunities for the named executive officers of McDermott International, Inc. and its subsidiaries. It lists the base salary for each executive and the percentage of salary that represents their target award under the Executive Incentive Compensation Plan (EICP). The agreement sets out compensation terms for the CEO, CFO, and other top executives, specifying both fixed and performance-based pay for the year 2009.
EX-10.23 3 ex10-23.htm SUMMARY OF NAMED EXECUTIVE OFFICER 2009 SALARIES AND EICP AWARD OPPORTUNITIES ex10-23.htm
EXHIBIT 10.23
McDERMOTT INTERNATIONAL, INC.
Summary of
2009 Named Executive Officer
Base Salary and Target EICP Compensation
| Named Executive Officers | Base Salary | Target Award Opportunity (as a % of 2009 base salary) |
| John A. Fees Chief Executive Officer, McDermott International, Inc. | $900,000 | 100% |
| Michael S. Taff Senior Vice President & Chief Financial Officer, McDermott International, Inc. | $505,000 | 70% |
| Brandon C. Bethards President & Chief Executive Officer, The Babcock & Wilcox Company | $526,200 | 70% |
| Robert A. Deason President & Chief Executive Officer, J. Ray McDermott, S.A. | $555,000 | 70% |
| John T. Nesser Executive Vice President & Chief Operating Officer, J. Ray McDermott, S.A. | $500,000 | 70% |
