Fourth Amendment to the Employment Agreement



  
 Exhibit 10.2 

 
 



 
 March 14, 2012 
 Mr. Rakesh K. Jindal 
 Chemin Riondet 4 
 Commugny 1291 
 Switzerland 

 

	Re:	Fourth Amendment to Employment Agreement 


Dear Rakesh: 
 This confirms
our agreement regarding an increase of approximately CHF 2,000 per month to your monthly allowances and to a reconfiguration of your current personal air travel and home leave arrangements. Specifically, we have agreed to amend your Employment
Agreement, dated as of April 27, 2009 (as subsequently amended by its First through Third Amendments)(as so amended, the “Agreement”) as follows: 
  

	 	1.	Effective as of January 1, 2012, Section A-4(c)(iii) of the Addendum set forth in the Agreement is amended by deleting the column entitled “Second Period” and
replacing that column in its entirety with the following: 

  

					
	 Allowance
	  	Second Period	 
	 (1) Cost-of-living allowance:
	  	 	CHF 5,439	  
		
	 (2) Loss of spousal income
(payable for a maximum of 5 years)
	  	 	CHF 1,256	  
		
	 (3) Housing:
	  	 	CHF 14,800	  
		
	 (4) Transportation:
	  	 	CHF 2,208	  
		
	 (5) Utilities:
	  	 	CHF 600	  
		  	  
	  
	 
		
	 TOTAL
	  	 	CHF 24,303	  

  

	 	2.	Effective as of September 1, 2010, Section A-4(c)(iv) of the Addendum set forth in the Agreement is amended by deleting it in its entirety and replacing it with the
following: 

 Personal Air Travel and Home Leave: The Company shall reimburse the Executive for, at the
Executive’s choice, either: 
 (A) one (1) trip per twelve (12) months per authorized dependent and the Executive, (I)
expenses eligible for reimbursement include a business class airline ticket and local ground expenses from and to the original point of origin (which may be, among other things, India or the United States), and (II) one (1) day of travel shall be
permitted each way as additional vacation, or 
 FOSTER WHEELER INC. 

PERRYVILLE CORPORATE PARK 53 FRONTAGE ROAD PO BOX 9000 HAMPTON, NJ 08827-9000 







 (B) multiple trips per twelve (12) months per authorized dependent and the Executive, (I)
expenses eligible for reimbursement include an airline ticket and local ground expenses from and to the original point of origin (which may be, among other things, India or the United States), provided, however, that the total cost of the
foregoing expenses described in this subsection (B) that will be reimbursed by the Company in such twelve (12) month period shall not exceed USD $6,000 multiplied by a number consisting of the number of the Executive’s authorized
dependents and the Executive, and provided, further, that each of the Company’s President and Executive Vice President, Human Resources, acting singly, may, but is not bound to, adjust the foregoing USD $6,000 in light of any
changes in the cost of a business class airline ticket between Switzerland and the United States, any which adjustment shall be reflected in a writing provided to the Executive and may be made during the first quarter of each calendar year or at
such other time(s) as the officer making the adjustment may deem appropriate, and (II) two (2) days of travel per twelve (12) months shall be permitted as additional vacation. 

 

	 	3.	This letter amendment agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together will constitute
one and the same instrument. 

 If you agree with the foregoing, please sign both copies of this letter amendment,
returning one copy to me and retaining the other copy for your files. 
  

	
	Very truly yours,
	
	FOSTER WHEEELER INC.
	
	/s/ J. Kent Masters
	
	 J. Kent Masters
 President
& CEO



 Accepted and Agreed To: 
 /s/ Rakesh K. Jindal 
 Rakesh K. Jindal 

  
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