Michael Baker Corporation Key Employee Retention Award Notice (July 2013)
Michael Baker Corporation is offering a Retention Award to a key employee under its Key Employee Retention Plan. The employee will receive a specified cash award if they remain a full-time employee through March 1, 2014, subject to the terms of the attached Plan. The award and its details must be kept strictly confidential; failure to do so will result in forfeiture of the award. Questions about the Plan or award can be directed to the Office of the Chief Executive.
Exhibit 10.2
| Michael Baker Corporation | ||
| Airside Business Park | ||
| 100 Airside Drive | ||
| Moon Township, PA 15108 | ||
| (412) 269-6300 | ||
CONFIDENTIAL
July 15, 2013
| Re: | Retention Award Notice |
Dear :
I am pleased to inform you that in recognition of the key position you hold with the Company, you have been granted a $ Retention Award under Michael Baker Corporation’s Key Employee Retention Plan (the “Plan”). In general, subject to the terms of the Plan, Michael Baker will pay you the Retention Award if you continue as a full-time employee of the Company through March 1, 2014.
A copy of the Plan is attached to this letter. Please review the Plan as it sets forth the specific terms of the Award, including conditions applicable to your actual receipt of the Award.
The fact that you received a Retention Award and all of the details relating to it are strictly confidential and it is important that you keep these matters strictly confidential. Your failure to maintain the strict confidentiality of such matters will relieve the Company of the obligation to pay you the Retention Award or any portion of it.
Please contact Jim McKnight in The Office of the Chief Executive, if you have any questions regarding the Plan or your Award.
| Sincerely, |
| H. James McKnight |
| Executive VP & CLO |
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