Document:

EX-10.47

 Exhibit 10.47 
 SIXTH AMENDMENT 
 TO THE 

EMPLOYMENT AGREEMENT 
 BETWEEN FOSTER WHEELER INC. 
 AND 

UMBERTO DELLA SALA 
 This SIXTH AMENDMENT (this “Amendment”) to the Employment Agreement between FOSTER WHEELER INC., a Delaware corporation (the “Employer”), and UMBERTO DELLA SALA
(the “Executive”), dated as of March 1, 2008 (the “Employment Agreement”), is made and entered into effective as of January 1, 2013 (the “Amendment Effective Date”). 

WHEREAS, Foster Wheeler Ltd. entered into the Employment Agreement with the Executive on March 1, 2008, Foster Wheeler Ltd.
and the Executive entered into a First Amendment to the Employment Agreement effective as of October 1, 2008, the Employer, with the Executive’s agreement, assumed the Employment Agreement from Foster Wheeler Ltd. in February 2009, the
Employer and the Executive entered into a Second Amendment to the Employment Agreement, effective February 18, 2010, a Third Amendment to the Employment Agreement, effective November 29, 2010, a Fourth Amendment to the Employment
Agreement, dated as of July 20, 2011, and a Fifth Amendment, dated as of November 8, 2012 (the Employment Agreement, as so assumed and amended, the “Agreement”); 

WHEREAS, the Employer desires to eliminate the gross-up it provides for taxable income on certain perquisites under the Agreement;
and 
 WHEREAS, pursuant to Section 9.6 of the Agreement, an amendment to the Agreement may be made pursuant to the
written consent of the Employer and the Executive. 
 NOW THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties agree that the Agreement is amended as follows: 
 1. Agreement Section 3.7 is
hereby revised to read in its entirety as follows: 
 “3.7 Perquisites. During the Term, the Executive shall
be provided by the Employer with the following perquisites: 
 3.7.1 an annual physical examination; 

3.7.2 home office equipment and associated services for business use in Executive’s homes not to exceed US$5,000 per year;

 3.7.3 annual reimbursement for the reasonable fees associated with financial planning and income tax advice and document
preparation not to exceed US$5,000 per year; and 
 3.7.4 reimbursement for a one-time cost of estate planning services, at a
time selected by the Executive during the Term, not to exceed US$10,000 in the aggregate.” 
 As of the Amendment Effective
Date, Executive shall not be eligible to receive a gross-up for taxable income on the perquisites provided under this Section 3.7. For the avoidance of doubt, the elimination of the gross-up for taxable income in this Section 3.7 shall not
affect the Executive’s gross-up on taxable income to the extent the Executive is eligible for a gross-up under another section of the Agreement. 

 2. This Amendment may be executed in any number of counterparts, all of which taken together shall
constitute one and the same amendatory instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the Agreement effective as of the date first written above. 

 

			
	FOSTER WHEELER INC.
		
	By:	 	 /s/ J. Kent Masters

	Name:	 	J. Kent Masters
	Title:	 	President & CEO
		
	By:	 	 /s/ Umberto della Sala

		 	UMBERTO DELLA SALA

  
 2EX10.48

 Exhibit 10.48 

 
 

 
 Corsico, December 6th, 2012                 

EXTENSION OF FIXED TERM EMPLOYMENT AGREEMENT 
 This extension of the fixed term Employment Agreement (“the Agreement”) in force between FOSTER WHEELER GLOBAL E&C SRL (“the Company”) and Mr. UMBERTO
DELA SALA (“the Executive”) since October 1st 2008 is dated December 6th, 2012. 
 By executing this extension, the Company and the Executive agree that
the Agreement expiring on July 31st 2013 is extended
to December, 31st 2013, pursuant to Article 10, Paragraph
4, Law Decree n. 368 of 6 September 2001, as modified by Law n. 247 of 24 December 2007. 
 All other conditions remain unchanged.

 It is agreed that on the expiry date above the Agreement will terminate without any further communication. 

 

											
	FOSTER WHEELER GLOBAL E&C S.R.L.	  		 	 THE EXECUTIVE

					
	BY         /s/ Franco Baseotto	  		 		 		 	/s/ Umberto della Sala
					
	NAME: Franco Baseotto	  		 	NAME:	 		 	Umberto della Sala

 A Board of Directors’ MemberEX-10.54

 Exhibit 10.54 
 FIFTH AMENDMENT 
 TO THE 

EMPLOYMENT AGREEMENT 
 BETWEEN FOSTER WHEELER INC. 
 AND 

FRANCO BASEOTTO 
 This FIFTH AMENDMENT (this “Amendment”) to the Employment Agreement between FOSTER WHEELER INC., a Delaware corporation (the “Company”), and FRANCO BASEOTTO (the
“Executive”), dated as of May 6, 2008 (the “Agreement”), is made and entered into effective as of January 1, 2013 (the “Amendment Effective Date”). 

WHEREAS, Foster Wheeler Ltd. entered into the Agreement with the Executive; 

WHEREAS, the Company thereafter assumed the Agreement from Foster Wheeler Ltd. on or about February 9, 2009, and the Company
and the Executive entered into a (i) First Amendment to the Agreement, effective January 18, 2010, (ii) Second Amendment to the Agreement, effective May 4, 2010, (iii) a letter amendment, dated March 14, 2012, and
(iv) Fourth Amendment to the Agreement, dated October 29, 2012; 
 WHEREAS, the Company desires to eliminate
the gross-up it provides for taxable income on certain perquisites under the Agreement; and 
 WHEREAS, pursuant to
Section 9.9 of the Agreement, an amendment to the Agreement may be made pursuant to the written consent of the Company and the Executive. 
 NOW THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties agree that the Agreement is amended as follows: 

1. Agreement Section 3.7 is hereby revised to read in its entirety as follows: 

“3.7 Perquisites. During the Term, the Executive shall be provided by the Company with the following perquisites:

 3.7.1 an annual physical examination; 
 3.7.2 an annual automobile allowance based upon the current Company policy; 

3.7.3 home office equipment and associated services for business use in Executive’s homes not to exceed $5,000 per year; 

3.7.4 annual reimbursement for the reasonable fees associated with financial planning and income tax advice and document preparation not
to exceed $5,000 per year; and 
 3.7.5 reimbursement for a one-time cost of estate planning services, at a time selected by the
Executive during the Term, not to exceed $10,000 in the aggregate.” 
 As of the Amendment Effective Date, Executive shall
not be eligible to receive a gross-up for taxable income on the perquisites provided under this Section 3.7. For the avoidance of doubt, the elimination of the gross-up for taxable income in this Section 3.7 shall not affect the
Executive’s gross-up on taxable income to the extent the Executive is eligible for a gross-up under another section of the Agreement. 

 2. Counterparts. This Amendment may be executed in two (2) or more counterparts, each of which
shall be deemed to be an original but all of which together constitute one (1) and the same instrument. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Fifth Amendment to the Agreement effective as of the date first written above. 
  

			
	FOSTER WHEELER INC.
		
	By:	 	 /s/ J. Kent Masters

	Name:	 	J. Kent Masters
	Title:	 	President & CEO
		
	By:	 	 /s/ Franco Baseotto

		 	FRANCO BASEOTTO

  
 2EX-10.58

 Exhibit 10.58 
 THIRD AMENDMENT 
 TO THE 

CONTRACT OF EMPLOYMENT 
 BETWEEN FOSTER WHEELER ENERGY LIMITED 
 AND 

MICHELLE K. DAVIES 
 WHEREAS, FOSTER WHEELER ENERGY LIMITED (the “Company”) entered into a Contract of Employment with MICHELLE K. DAVIES (the “Executive”) dated 8th August 2008 (the
“Contract”), a First Amendment thereto effective as of January 1, 2010, and a Second Amendment thereto effective as of November 1, 2011 (the Contract, as amended by the First and Second Amendments, the “Agreement”); and

 WHEREAS, the Company is relocating the Executive’s primary office from Geneva, Switzerland to Reading, England
(the “Relocation”), and as a result of the Relocation the Executive will no longer be required to perform her services the majority of the working days on which the Executive is not travelling outside of Switzerland and United Kingdom at
the Company’s affiliates’ offices in Geneva, Switzerland. 
 NOW THEREFORE, for good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, and in further consideration of the following mutual promises, covenants and undertakings, the parties agree that the Agreement is amended effective as of March 1, 2013 (the
“Third Amendment Effective Date”) as follows: 
  

	1.	The Contract’s Place of Work/Mobility clause, as previously amended by the Second Amendment, is hereby amended to read in its entirety as follows:

 “The duties to be performed by the Executive hereunder shall be performed at the Company’s offices
in Reading, England. The Executive shall maintain her personal residence within a reasonable daily commute of the Reading, England area.” 
  

	2.	The Company shall pay any costs incurred in cancelling the Executive’s Swiss work permit and/or visa. 

 

	3.	The Executive agrees that the Relocation does not constitute “Good Reason” as defined in Section 1.1.2 of the Notice and Termination clauses of the
Contract, as previously amended by the Second Amendment. Section 1.1.2 (iv) of the Notice and Termination clauses is hereby amended in its entirety to read as follows: 

“(iv) a material change in the geographic location at which the Executive must perform the Executive’s services, which
material change shall be presumed to have occurred if the principal geographic location at which the Executive must perform the Executive’s services is relocated to a place that increases the Executive’s commute to the Company’s
Reading, England office by more than fifty (50) miles; or” 
  

	4.	Other than as expressly set forth in this Third Amendment, the Agreement remains unchanged. 

 

	5.	This Third Amendment 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. 

 [Signature Page Follows] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to the
Agreement effective as of the Third Amendment Effective Date. 
  
  

			
	FOSTER WHEELER ENERGY LIMITED 
		
	By:	 	/s/ Franco Baseotto
	Name:	 	Franco Baseotto
	Title:	 	Director
	Dated:	 	30-10-2012

  

	
	
	/s/ Michelle K. Davies
	Michelle K. Davies
	Dated: 30-10-2012

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]