Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - CHICAGO BRIDGE & IRON CO N V | a2015033110q.htm |
| EXCEL - IDEA: XBRL DOCUMENT - CHICAGO BRIDGE & IRON CO N V | Financial_Report.xls |
| EX-32.1 - EXHIBIT 32.1 - CHICAGO BRIDGE & IRON CO N V | a20150331ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CHICAGO BRIDGE & IRON CO N V | a20150331ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - CHICAGO BRIDGE & IRON CO N V | a20150331ex322.htm |
| EX-31.1 - EXHIBIT 31.1 - CHICAGO BRIDGE & IRON CO N V | a20150331ex311.htm |
| EX-10.2 - EXHIBIT 10.2 - CHICAGO BRIDGE & IRON CO N V | a20150331ex102.htm |
Exhibit 10.1
2015 Amendment To
Chicago Bridge & Iron
2008 Long-Term Incentive Plan
This 2015 Amendment to the Chicago Bridge & Iron 2008 Long-Term Incentive Plan (the "Plan"), which was established by Chicago Bridge & Iron Company , a Delaware corporation (the "Company") under which Awards may be granted from time to time to Participants.
WHEREAS, the Company desires to amend the Plan to change the definition of "Retirement" for 2015 and later Awards;
WHEREAS, capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Plan;
NOW, THEREFORE, the Plan is amended in the following particulars effective as of February 18, 2015 except as otherwise specified:
AMENDMENT
1. | Section 2.34 is deleted in its entirety and replaced with the following : |
"2.34. "Retirement" means:
(a)With respect to Awards granted to an Employee before February 18, 2015, a termination of employment after age 55 and at least a 10 year period of employment by CB&I or the Company or their respective present or former Subsidiaries or Affiliates , or a 30-year period of such employment , or age 65.
(b)With respect to Awards granted to an Employee on or after February 18, 2015, a termination of employment after age 65; provided , however, that with respect to any particular Award , Retirement shall not apply to the vesting or other treatment of that Award unless the Employee has remained an Employee through and including December 31 of the calendar year in which the Award was granted.
(c)With respect to Awards granted to a Nonemployee Director or nonemployee consultant, termination of service following the term of a Nonemployee Director or a resignation required by an age limitation, or the expiration of the term of a consulting agreement.
Notwithstanding the foregoing, the Committee as part of an Award Agreement or otherwise may provide that for purposes of this Section, a Participant may be credited with such additional years of age and employment as the Committee in its sole discretion shall determine is appropriate, and may provide such additional or different conditions for Retirement as the Committee in its sole discretion shall determine is appropriate."
All other definitions and all other rights, terms and conditions set forth in the Plan shall remain the same with the same force and effect as originally adopted and approved by the Company's shareholders.
IN WITNESS WHEREOF, the Board of Directors of the Company has executed this 2015 Amendment effective as of the effective date first written above.
/s/ Philip K. Asherman
Philip K. Asherman
/s/ Ronald A. Ballschmiede
Ronald A. Ballschmiede
2