Washington Group Retention Agreements with Named Executives (Juetten, Zarges, Johnson)

Contract Categories: Human Resources › Retention Agreements
Summary

This agreement outlines the retention terms between Washington Group and its named executives, George H. Juetten, Thomas H. Zarges, and Stephen M. Johnson. The agreements provide for retention bonuses to encourage these executives to remain with the company. Stephen M. Johnson's bonus is prorated due to his rejoining the company partway through the year. The agreements specify the conditions under which the bonuses are paid and are designed to retain key leadership during a critical period for the company.

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EX-10.23.1 3 retntnagmtschdl.htm WASHINGTON GROUP AGREEMENT WITH NAMED EXECS. Washington Group Agreement with Named Execs.
SCHEDULE TO EXHIBIT 10.23.1




WASHINGTON GROUP RETENTION AGREEMENTS
WITH NAMED EXECUTIVES


EACH DATED AS OF MARCH 14, 2001

George H. Juetten
Thomas H. Zarges




DATED AS OF NOVEMBER 16, 2001

Stephen M. Johnson

NOTE: Mr. Johnson’s Retention Agreement is identical in all materials terms to those entered into with Messrs Juetten and Zarges, with the exception that his Retention Bonus is prorated to allow for the time during early 2001 when he was not in the Company’s employ. Mr. Johnson returned to the employ of the Company on November 12, 2001.