Temporary Promotion and Compensation Agreement between The Shaw Group, Inc. and James Wilems
The Shaw Group, Inc. confirms the temporary promotion of James Wilems to Vice President, Chief Accounting Officer, effective November 20, 2012. During this interim role, his monthly salary will be $20,833.33 ($250,000 annually), and his Management Incentive Plan (MIP) target will increase to 40%. These terms apply only for the duration of his temporary appointment as Chief Accounting Officer.
Exhibit 10.1
The Shaw Group, Inc.
| | 4171 Essen Lane Baton Rouge, Louisiana 70809 Telephone: 225 ###-###-#### Fax: 225 ###-###-#### HR |
| Date: | November 19, 2012 |
| To: | James Wilems (1277883) |
| From: | Scott Trezise |
| CC: | Brian Ferraioli, personnel file |
| RE: | Temporary Uplift |
Congratulations James! I am pleased to confirm your temporary promotion to Vice President, Chief Accounting Officer, effective, November 20, 2012. Your new monthly salary will be $20,833.33 (equivalent to $250,000.00 annually). Your MIP target will increase to 40%. This temporary uplift will remain in effect for the duration of your interim position as Chief Accounting Officer.
If you have any questions, feel free to contact me at ###-###-####.
ST/nj
