Document:

EX-10.44

EXHIBIT 10.44

Headquarters

West8 Tower, Suite 1000

10205 Westheimer Rd.

Houston, TX 77042

Phone: (713)-973-5389

Fax: (713) 973-5323

Beth Powers

VP & Chief Administrative Officer

August 22, 2008

	 	 	 
	Mr. Jerry Walker

	 	Sent via e-mail
	Spring, TX
	 	 

Dear Jerry,

We are very pleased to offer you the position of Vice President & General Manager – North American
Operations, reporting to Vince Volpe, President & CEO. If you accept this offer, we hope that you
will join Dresser-Rand on or before September 29, 2008.

All of us who met you were impressed with your experience and knowledge. We are confident that you
will be successful in this role and hope that you are equally excited about Dresser-Rand. As
discussed verbally, we will establish a transition plan that is acceptable to both you and J.F.
Chevrier, our current V.P & G.M. for North American Operations. We expect that you will take over
full responsibility for this position on approximately January 1, 2009.

Your initial annual base salary will be $290,000. We conduct our annual salary review process in
the first quarter and implement approved adjustments on April 1. Your salary will be reviewed in
2009 in line with the timing and budget guidelines established for similarly situated executives.
You will participate in our annual incentive program (AIM) with a target payout level of 50% of
your annual base salary, and a maximum payout of 100% of your annual base salary. For 2008, you
will be eligible to receive a pro-rated portion of this incentive based on your full months of
service during the year. Please review the attached 2008 AIM Program Summary and 2008 AIM Program
Targets for additional details.

You will be eligible to participate in the Dresser-Rand long term incentive (LTI) program. Our 2008
program includes a combination of stock options and restricted stock that vest on a pro-rata basis
over a 4-year period. You will receive an initial annual grant valued at $406,000. Dresser-Rand
has adopted four annual fixed dates on which equity grants are made. This LTI grant will be awarded
on the first fixed grant date following your start date. This grant replaces the annual grant you
would otherwise receive in February of 2009 and as such you will not be eligible for an additional
grant at that time.

You will be eligible for benefits under our Executive (Red) Relocation Policy. In addition, the
Company is finalizing both a change in control (CIC) and severance program to be implemented later
this year. You will be eligible for CIC and severance benefits at a level consistent with similarly
situated executives. Both of these programs will contain terms normal and customary for such
agreements.

 

 

You will be eligible to participate in the Dresser-Rand Non-Qualified Retirement Plan at a Tier 1
level. Additional details on this program are attached. Participation in our employee benefit
programs will begin on the first of the month following your hire date.

All compensation and employee benefit programs are subject to program guidelines, summary plan
descriptions, and or plan documents, as appropriate.

This offer of employment is contingent upon successful completion of several remaining actions such
as an interview with our industrial psychologist, reference and background checks, standard
pre-employment drug screen, providing the necessary documentation to ensure compliance with the
Immigration Reform and Control Act of 1986, and signing company policy agreements such as our Code
of Conduct. Lynna Bond (713-973-5380) will continue to be your contact to make arrangements for
these remaining procedures.

If you have any questions, please contact me directly on my cell phone at 716-378-7379.

Very truly yours,

Elizabeth C. Powers

Vice President & Chief Administrative Officer

I accept the offer of employment from Dresser-Rand, as described above.

	 	 	 
	/s/ J. T. Walker

	 	8-26-08
	 
	(Signature)

	 	(Date)

			
	Cc:	 	Vincent R. Volpe Jr.

Amber J. Macksey

			
	Attachments:	 	2008 AIM Program Summary

2008 AIM Program Targets

Dresser-Rand Non-Qualified Plan

Dresser-Rand Red Relocation PolicyEX-10.45

EXHIBIT 10.45

Headquarters

West8 Tower, Suite 1000

10205 Westheimer Rd.

Houston, TX 77042

Phone: (713)-973-5389

Fax: (713) 973-5323

Elizabeth C. Powers

VP & Chief Administrative Officer

October 29, 2008

					
	 	 	 	 	 
	Mr. Luciano Mozzato
	 	 	 	Sent via e-mail
	2 Ventres Way	 	 	 	 
	Burlington, CT 06013	 	 	 	 

Dear Luciano,

We are very pleased to offer you the position of Vice President Product Services Worldwide,
reporting to Vince Volpe, President & CEO. The details of this offer are contained within this
letter. Please confirm your acceptance of this offer by returning a signed copy of this letter to
me on or before November 5, 2008. We are planning your start date to be February 1, 2009 unless
you are able to accelerate that time frame to January 1, 2009.

All of us who met you were impressed with your experience and accomplishments. We are confident
that you will be successful in this role and hope that you are equally excited about Dresser-Rand.

Your annual base salary will be $260,000. We conduct our annual salary review process in the first
quarter and implement approved adjustments on April 1. Your salary will be reviewed in 2009 in line
with the timing and budget guidelines established for similarly situated executives.

You will participate in our annual incentive program (AIM) with a target payout level of 50% of
your annual base salary, and a maximum payout of 100% of your annual base salary. Our policy is to
pay the incentive on a pro-rated basis for the year in which you start with Dresser-Rand (2009),
based on your full months of service during the year. A summary of the 2008 AIM Program was
already sent to you for your information.

You will receive a cash signing bonus of $50,000, payable within the first month of your start
date. You will receive an additional cash amount of $125,000, subject to your confirmation that
your 2008 annual incentive payment from your current employer will be forfeited, also payable
within the first month of your start date.

You will be eligible to participate in the Dresser-Rand long term incentive (LTI) program. Our 2008
program includes a combination of stock options and restricted stock that vest on a pro-rata basis
over a 4-year period. You will receive an LTI grant valued at $365,000 which encompasses both your
initial grant and your 2009 annual grant. Dresser-Rand has adopted four annual fixed dates on
which equity grants are made. You will be awarded this LTI grant on the first fixed grant date
following your start date.

 

 

Based on your anticipated start date of February 1, the grant date for
your LTI award will be February 15, 2009.

You will be eligible for benefits under our Executive (Red) Relocation Policy. In addition to the
full benefits outlined in the policy, we will provide you with an additional two months of
temporary living assistance (four months total) and extend the program to be open to you up to 18 months after your
start date to allow flexibility in relocating your family.

In addition, you are also eligible for change in control (CIC) benefit, severance program and
non-compete program. The CIC severance benefit will be based on a multiple of two times your
annual base salary and target incentive. The non-CIC severance benefit will be based on a multiple
of one times your annual base salary and target incentive.
You will be eligible to participate in the Dresser-Rand Non-Qualified Retirement Plan at a Tier 1
level. Additional details on this program are attached. Participation in our employee benefit
programs will begin on the first of the month following your hire date.

All compensation and employee benefit programs are subject to program guidelines, summary plan
descriptions, and or plan documents, as appropriate.

This offer of employment is contingent upon successful completion of several remaining actions such
as a background check, standard pre-employment drug screen, providing the necessary documentation
to ensure compliance with the Immigration Reform and Control Act of 1986, and signing company
policy agreements such as our Code of Conduct. Lynna Bond (713-973-5380) will continue to be your
contact to make arrangements for these remaining procedures.

Luciano, we look forward to working with you.

Very truly yours,

Elizabeth C. Powers

Vice President & Chief Administrative Officer

I accept the offer of employment from Dresser-Rand, as described above.

	 	 	 	 	 
	/s/

	 	Luciano Mozzato
	 	11-11-08
	 
	(Signature)	 	(Date)
	 
	 	 	 	 
	Cc:

	 	Vincent R. Volpe Jr.	 	 
	 

	 	Amber J. MackseyEX-10.46

EXHIBIT
10.46

	 	 	 	 	 
	Dresser-Rand S.A.	 	 
	31, Bld Winston Churchill	 	 
	76080 Le Havre cedex 7013	 	 
	FRANCE	 	 
	Telex

	 	:190004
	 	 
	Téléphone

	 	:02 35 25 52 25	 	 
	Télécopie

	 	:02 35 25 53 66	 	 
	 

	 	:02 35 25 53 67	 	 

Mme Nicoletta GIADROSSI

			
	 	 	 
	 
	 	Le Havre, December 29, 2008

Mrs,

Following the interviews you have had with the Company’s Executives and your acceptance on December
17th of the offer in English which was sent to you by Mrs Elizabeth Powers on December 14th, I am
pleased to confirm our offer of employment under an indefinite duration contract, details of which
are explained hereafter:

Start Date : Your start date is scheduled to be January 1st, 2009.

Location : Your job location is our Le Havre Facility. In case you plan to relocate to Le Havre and
need relocation assistance, we will be happy to discuss that with you separately.

The nature of your position will require business travels (in France and abroad) that you commit to
accept, according to the instructions from D-R Company. Considering the nature of the
responsibilities you will have and the international scope of this position, you may be required to
execute your contract of employment in all locations of D-R, in France, in Europe, in Middle East,
in Asia or in the USA.

Position : You will be employed as Vice-President & General Manager European Served Area),
reporting to the President and CEO of D-R.

.../...

			
	 	 	 
	 
	 	Contract of Mrs N. GIADROSSI—P2/3

Qualification : Cadre — Position III C— Coefficient 240.

 

 

Compensation : Your initial annual base salary is equal to €250,000 paid in 12 installments of
€20,833.33. As our annual salary review occurs shortly after your start date, your next base
salary review will occur in 2010.

You will be eligible for a Company car through Company’s rules.

The minimum annual remuneration guaranteed per national Collective Agreement of Cadres employees in
Metallurgical Industries is equal to €68,928.

From the start date of your employment, you will participate in the annual management incentive
program (AIM). The target payout level will be 50 % of your annual base salary and the maximum
payout level will be 100% of your annual base salary. In the year of your hire, the Company will
pay the incentive on a pro-rated basis based on your full months of service during the year. All
other terms and conditions of the AIM program will be per the program summary which will be
provided to you separately.

In addition you will be eligible to participate in the D-R long term incentive program (LTI). Our
2008 program includes a combination of stock options and restricted shares that vest on a pro-rata
basis over a 4 year period. Your eligibility will be effective at your start date. You will receive
your 2009 LTI grant, valued at €350,000 on our annual grant date of February 16, 2009.

Trial Period : Considering the importance of your position, and the level of qualification
associated with it, you are exempted from any trial period.

Worktime : In your position, the Company assigns responsibilities to you that require a great
independence in the organization of your time schedule (management of several businesses in various
countries, of several top managers and a large headcount, accountability for major budgets,
relationship with clients, with the Executive Staff of the Company, extensive business travels
abroad). As such you are entitled to make decisions (strategic orientations, operational decisions,
organization of the entities reporting to you, approval of budgets, purchases, and investments) in
accordance with Company policies and your compensation is among the highest levels in the Company.

I confirm that you are part of the Cadres Dirigeants category as per article L 3111-2 of the Labor
Code. Consequently, except for the subjects of the articles L 3141-1 and the following, vacation
and labor laws on worktime are not applicable to you. Your compensation is fixed as a lump sum
without any regards to number of hours worked and corresponds to your level of responsibilities,
without any additional bonus for being a cadre dirigeant.

.../...

			
	 	 	 
	 
	 	Contract of Mrs N. GIADROSSI — P3/3

 

 

Cadres dirigeants get 2 additional vacation days that have to be used between February 1st and
January 31st of the following year. They cannot be accrued. These days are pro-rated based upon
number of months of service in case of start or leave during the period.

Your employment will follow rules of the national Collective Agreement of Cadres employees in
Metallurgical Industries and the internal regulation.

You will be eligible to the following retirement and medical programs :

	 	 	 	 	 
	Retirement

	 	 	 	IREC ET CAPIMMEC
	 
	 	 	 	 
	 

	 	 	 	15 Avenue du Centre
	 

	 	 	 	78281 ST QUENTIN EN YVELINES
	Medical, death & disability

	 	 	 	GAN — géré par GRAS SAVOYE
	 
	 	 	 	 
	 

	 	 	 	Le Vendôme
	 

	 	 	 	12-14 Rue du Centre
	 

	 	 	 	93197 NOISY LE GRAND

The validity of this contract is contingent to successful medical exams that will be scheduled
shortly, as per labor laws.

You will have to inform D-R of any change that would occur in your situation as described during
your recruitment process (address, family situation...)

I hope that you will confirm your acceptance of our offer as detailed in this letter . Please
indicate your acceptance by signing and writing « read and approved » with the date.

We are looking forward to having you join our team,

Very truly yours

/s/ Didier Langree

Didier LANGREE

Directeur des Ressources Humaines

Read and approved

/s/ Nicoletta Giadrossi

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