Document:

EX-10.26

 Exhibit 10.26 
 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 
 Employee Restricted Stock
Unit Award Agreement 
 (with Performance Goals) 

 

					
	Name of Participant:	 		 	
			
	Grant Date:	 	[March    , 2013]	 	
			
	Restricted Stock Unit Award at Maximum Level Payout:	 		 	

 Pursuant to the Foster Wheeler AG Omnibus Incentive Plan (the “Plan”), a copy of which
has been delivered to you, along with a prospectus describing the material terms of the Plan, and in accordance with the terms and conditions of the Plan and your agreement to such additional terms, conditions and restrictions as are set forth
below, you have been granted as of the date set forth above a Restricted Stock Unit Award (the “Restricted Stock Unit Award” or “Award”), meaning the right to receive registered shares of Foster Wheeler AG (the
“Company”) on the terms and conditions set forth herein. Unless otherwise defined in this Restricted Stock Unit Award Agreement (this “Agreement”) (including, for the avoidance of doubt, definition by incorporation
through Section 2 of this Agreement), the terms used in this Agreement shall have the meanings defined in the Plan. 
 You
must accept this Restricted Stock Unit Award by responding to the cover e-mail to which this Award is attached in accordance with the instructions contained in the e-mail. If you do not accept this Award, you will have no further rights or
obligations under this Agreement, and will not be eligible to receive any other grants in lieu of this Award. However, failing to accept this Award will not affect any other grants you may have previously received, or may receive in the
future, under the Plan. 
 If you accept this Award, you will be bound by and agree to all terms of this Agreement. In addition,
you acknowledge that your rights to any Shares underlying this Award vest only as you provide services to the Company or its Affiliates over time, that the grant of this Award is not as consideration for services you rendered to the Company or its
Affiliates prior to the Grant Date, and that nothing in this Agreement or the documents attached or provided herewith confers upon you any right to continue your service relationship with the Company or its Affiliates for any period of time, nor
does it interfere in any way with your right or the Company’s (or its Affiliates’) right to terminate that relationship at any time, for any reason, with or without cause. 

1. Grant and Acceptance of Restricted Stock Unit Award. Subject to the terms and conditions of this Agreement and the Plan
(the terms of which are incorporated herein by reference) and effective as of the date set forth above, the Company hereby grants to you, and you hereby accept, the grant of the right to earn the number of Restricted Stock Units (the
“Units”) set forth in this Agreement. Exhibit A to this Agreement sets forth the performance goals (the “Performance Goals”) that the Committee must certify to have been met by the Company in order for a
number of Units in the amount of the Maximum Level Payout of Restricted Stock Unit Award set forth above (the “Maximum”) to be vested and settled in Shares; it also sets forth the extent to which a number of Units equal to a
fraction of the Maximum may be vested and settled in Shares if the Performance Goals are met at below the Maximum level. Units will be settled only in Shares of the Company on a one Share for one Unit basis, rounded up or down to the nearest whole
Share, and not in cash. 

 2. Relation of Restricted Stock Unit Award to Other Agreement(s). As an
express condition to acceptance of this Restricted Stock Unit Award, subject to the special exception provided under Section 3(g) of this Agreement (which governs a Change in Control situation), you agree that: 

(a) Except to the extent you are or subsequently become a party to an Other Agreement (which, for the avoidance of doubt
and for purposes of this Agreement, is as defined in the Plan), the only vesting and lapse of forfeiture restriction provisions that govern the Restricted Stock Unit Award under this Agreement are set forth in Section 3 of this Agreement;

 (b) To the extent that the vesting and lapse of forfeiture restriction provisions of this Agreement or the
Plan’s terms are inconsistent with an Other Agreement, the provisions of your Other Agreement shall govern and control, subject to the special exception provided under Section 3(g) of this Agreement (which governs a Change in Control
situation); provided, however, that if the provisions of the Other Agreement do not specify the extent to which the performance goals of a performance-based award are to be deemed to have been met if certain events occur, the applicable
provision of Section 3 of this Agreement shall apply; and 
 (c) Except as expressly provided in paragraph
(b) above, the terms of any Other Agreement shall in no way alter or amend, or provide additional rights or benefits, under the Restricted Stock Unit Award governed by this Agreement. 

3. Vesting; Termination; Assignment; Calculation & Settlement; Par Value. 

(a) General Vesting Rule. You will be issued Shares in settlement of the Units only if you vest in the
Restricted Stock Unit Award. So long as you remain continuously employed by the Company or any Affiliate through the third (3rd) anniversary of the Grant Date (the “Employment Date”), and provided also that the Committee
certifies that the Performance Goals have been met at least at the minimum level set forth in Exhibit A, then, except as otherwise set forth in this Section 3, the Restricted Stock Unit Award shall vest, and your right to receive and retain the
Shares in settlement of such Units in the amount determined by the extent to which the Performance Goals are met will become nonforfeitable, only on the later of the Employment Date or the date the Committee certifies the extent to which the
Performance Goals have been met pursuant to paragraph (i) of this Section 3. Any and all vested Units shall be settled in whole Shares in accordance with this Section 3. 

(b) Termination as a Result of Death or Disability. In the event of your termination of employment prior to
the Employment Date as a result of your death or Disability, any unvested Units shall immediately vest as of the date of such termination for death or Disability. In such event, the amount of the Units that vest shall be determined as follows:
(A) if the Committee has issued its certification in accordance with paragraph (i) of this Section 3 by the date of your termination, in accordance with the Committee’s certification, or (B) if the Committee has not issued
its certification in accordance with paragraph (i) of this Section 3 by the date of your termination, as if the Performance Goals had been met at the Median Level Payout set forth in Exhibit A (the “Median”). Any Units
that become vested in accordance with this paragraph (b) shall be settled in Shares as soon as practicable, but not more than ninety (90) days, after the date of termination. 

(c) Termination as a Result of Involuntary Termination or Resignation for Good Reason. In the event of your
termination of employment prior to the Employment Date and other than during a Change in Control Period but as a result of your Involuntary Termination or Resignation for Good Reason, any and all unvested Units shall be immediately forfeited;

  
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provided, however, that if you are a party to an Other Agreement and such Other Agreement contains provisions regarding the vesting or forfeiture of Units upon Involuntary Termination or
Resignation for Good Reason other than during a Change in Control Period (or the substantial equivalent thereof), the unvested Units shall vest or be forfeited in accordance with the terms of your Other Agreement. If such Other Agreement provides
for vesting upon Involuntary Termination or Resignation for Good Reason other than during a Change in Control Period (or the substantial equivalent thereof) but does not contain express provisions as to whether and the extent to which performance
goals must be met for an award to vest upon such an Involuntary Termination or Resignation for Good Reason (or the substantial equivalent thereof), the amount of the Units that vest upon such an Involuntary Termination or Resignation for Good Reason
(or the substantial equivalent thereof) shall be determined as follows: (A) if the Committee has issued its certification in accordance with paragraph (i) of this Section 3 by the date of your termination, in accordance with the
Committee’s certification, or (B) if the Committee has not issued its certification in accordance with paragraph (i) of this Section 3 by the date of your termination, as if the Performance Goals had been met at the Median level.
Any Units that become vested in accordance with this paragraph (c) shall be settled in Shares as soon as practicable, but not more than ninety (90) days, after the date of termination. 

(d) Termination as a Result of Retirement. In the event of your termination of employment prior to the
Employment Date as a result of your Retirement (which, for the avoidance of doubt and for purposes of this Agreement, is as defined in the Plan), the unvested Units shall vest pro-rata due to Retirement based on the following formula: 

(i) the total number of Units that would have vested and been settled in Shares if you had remained continuously employed
through the Employment Date, based upon the extent to which the Performance Goals are met, times  

(ii) a ratio, the numerator of which is the total number of months of employment from the Grant Date to the end of the
month in which the date of termination due to Retirement occurs, and the denominator of which is thirty-six (36), rounded to the nearest whole number. 
 Such Units shall vest and be settled in Shares at the same time that Units are vested and settled in Shares for Participants who remain employed through the Employment Date in accordance with
Section 3(i) of this Agreement. The remaining Units that are not vested in accordance with this Section 3(d) shall be forfeited. 
 Example: The following example is included merely for demonstrative purposes. 
 Ann is granted a Restricted Stock Unit Award on March 4, 2011, with a Maximum of 200 Units. Ann subsequently terminates her employment by Retirement effective August 18, 2012. In February 2014,
the Committee certifies that the Company achieved its Performance Goal at a level that corresponds to a Restricted Stock Unit Award payment equal to 75% of the Maximum. 
 Ann is entitled to 50% of her Restricted Stock Unit Award (equal to 18 months of employment divided by 36). In March 2014, Ann will receive 75 Shares in settlement of her Units. (200 Maximum
times 75% for performance times 50% vested percentage.) 
 (e) Termination for
Cause. In the event your employment is terminated for Cause, all unvested Units and any and all Shares received in settlement of vested Units shall expire immediately, be forfeited and considered null and void, and the provisions of
Section 4 of this Agreement shall control. 

  
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 (f) Termination — General. In the event of your
termination of employment prior to the Employment Date other than as a result of your death, Disability, Involuntary Termination, Resignation for Good Reason, Retirement, or Cause, all unvested Units shall expire immediately, be forfeited and
considered null and void. 
 (g) Change in Control Acceleration. In the event of your termination
of employment prior to the Employment Date and during a Change in Control Period as a result of your Involuntary Termination or Resignation for Good Reason, any unvested Units shall immediately become fully vested, effective as of the date of such
Involuntary Termination or Resignation for Good Reason. The amount of the Units that vest upon such an Involuntary Termination or Resignation for Good Reason shall be determined as follows: (A) if the Committee has issued its certification in
accordance with paragraph (i) of this Section 3 by the date of your termination, in accordance with the Committee’s certification, or (B) if the Committee has not issued its certification in accordance with paragraph (i) of
this Section 3 by the date of your termination, as if the Performance Goals had been met at the Median level. For the avoidance of doubt, in the event of your termination of employment after the Employment Date and during a Change in Control
Period as a result of your Involuntary Termination or Resignation for Good Reason, the Units shall vest and be settled in accordance with paragraphs (a) and (i) of this Section 3. Notwithstanding the foregoing, if you are a party to
an Other Agreement and such Other Agreement contains provisions regarding the vesting or forfeiture of Units upon Involuntary Termination or Resignation for Good Reason during a Change in Control Period (or the substantial equivalent of any of the
foregoing) in a manner consistent with Article 18 of the Plan, the unvested Units shall vest or be forfeited in accordance with the terms of your Other Agreement. If such Other Agreement provides for vesting upon Involuntary Termination or
Resignation for Good Reason during a Change in Control Period (or the substantial equivalent thereof) but does not contain express provisions as to whether and the extent to which performance goals must be met for an award to vest upon such an
Involuntary Termination or Resignation for Good Reason (or the substantial equivalent thereof), the amount of the Units that vest upon such an Involuntary Termination or Resignation for Good Reason (or the substantial equivalent thereof) shall be
determined as set forth at (A) or (B) of this paragraph (g), whichever is applicable. Any Units that become vested in accordance with this paragraph (g) shall be settled in Shares as soon as practicable, but not more than ninety
(90) days, after the date of termination. Notwithstanding any of the foregoing, in connection with a Change in Control, you shall receive the greater of the benefits provided under this Agreement or any such Other Agreement to which you are a
party, without duplication. 
 (h) Other Termination Events. Notwithstanding anything to the
contrary contained in this Agreement, the Units will terminate and expire immediately upon the occurrence of the circumstances set forth in Section 11.2 of the Plan, and the provisions of Section 4 of this Agreement shall control.

 (i) Calculation and Settlement of Restricted Stock Unit Award. Except as otherwise provided in
paragraph (b)(death or Disability), (c)(Involuntary Termination or Resignation for Good Reason) or (g)(Change in Control) of this Section 3, or in an Other Agreement, your Units shall vest and be settled in Shares only if, after, and to the
extent the Committee certifies the extent to which the Performance Goals have been met. Any and all vested Units shall be settled in Shares as soon as practicable after the later of (A) the Employment Date or (B) the date upon which the
Committee makes such certification, but in no event later 

  
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than the March 15 of the year immediately after the year that includes the later of (Y) the Employment Date or (Z) the last date used to measure performance in accordance with
Exhibit A hereto, and the Committee shall complete its determinations and make its certification in time to permit all Restricted Stock Unit Awards to be settled by such March 15. For the avoidance of doubt, (W) any unvested Units that are
not vested in accordance with Section 3 of this Agreement shall be forfeited, and (X) the Committee’s determinations about your Units, this Restricted Stock Unit Award, and whether and the extent to which the Performance Goals have
been met or not met shall be binding and conclusive. 
 (j) Forfeiture Price. In the event that any
Shares previously issued to you in settlement of the Units are required to be forfeited under this Agreement, then the Company will have the right (but not the obligation) to repurchase any or all of such forfeited Shares for $0.001 per Share. The
Company will have ninety (90) days from the date of any event giving rise to forfeiture under this Agreement within which to effect a repurchase of any or all of the Shares subject to such forfeiture conditions. The Company’s right to
repurchase the Shares under this paragraph (j) is assignable by the Company, in its sole discretion, to an Affiliate or other party to whom such rights can be assigned under the Applicable Laws. 

(k) Assignment and Transfer. For the sole purpose of enabling electronic trading of the awarded Shares on
the NASDAQ Global Select Market, the awarded Shares must be assigned and transferred to Cede & Co., the Nominee of the Depository Trust Company, a US clearing agency. By signing this Agreement, you make such assignment and transfer to
Cede & Co., effective upon the date of delivery of Shares under this Agreement. By signing this Agreement, you also (i) appoint the Company’s Secretary and each of its Assistant Secretaries your proxy with the right of
substitution to make such assignment and transfer to Cede & Co. and (ii) agree to execute and deliver any further documents as the Company or Cede & Co. may require in order to effectuate such assignment and transfer to
Cede & Co., all with such assignment and transfer being effective upon the date of delivery of Shares under this Agreement. For the avoidance of doubt, the foregoing assignment and transfer will not adversely affect your beneficial
ownership of, or ability to trade, the awarded Shares. 
 (l) Exercise Notice. Swiss law requires
the execution of an exercise notice for Shares to issue out of the conditional capital of the Company. By signing this Agreement, you appoint the Company’s Secretary and each of its Assistant Secretaries your proxy with the right of
substitution to execute and deliver an exercise notice at or about the time you vest in the Units. The Company reserves the right to require you to sign and deliver an exercise notice substantially in the form attached hereto as Exhibit B,
with it being understood that any payment of par value will be in accordance with paragraph (m) of this Section 3. 
 (m) Payment of Par Value. Swiss law and the Company’s Articles of Association require that par value be paid in cash to the Company for any Shares issued in settlement of your
Restricted Stock Unit Award if the Company does not have treasury shares available on the date of delivery of such Shares. However, if such cash payment is required, your employer has arranged with the Company to make the payment on your behalf as
part of your award. Accordingly, you yourself will not have to make any such payment. 
 (n) Termination of
Relationship. The Committee shall have the discretion to determine whether your employment has been terminated as well as the date of such termination of employment for purposes of this Restricted Stock Unit Award. 

  
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 4. Forfeiture Events. In addition to the rights available to the Company under
Section 3 above, upon the occurrence of any of the events set forth in Section 11.2 of the Plan (a “Forfeiture Event”), you, without any further action by the Company or you, shall forfeit, as of the first day of any such
Forfeiture Event: 
 (a) all rights and interest to these Units; 

(b) any Shares received in settlement of these Units then owned by you or by another person for your benefit; and

 (c) any and all profits realized by you, on an after-tax basis, pursuant to any sales or transfer of any
Shares received in settlement of these Units within the six (6) month period prior to the date of such Forfeiture Event. 
 Additionally,
the Company shall have the right to issue a stop transfer order and other appropriate instructions and other documents implementing the above-described forfeiture to its transfer agent, Cede & Co., the depository or any of its nominees,
and/or any other person with respect to these Units and the Shares, and the Company further shall be entitled to reimbursement from you of any fees and expenses (including attorneys’ fees) incurred by or on behalf of the Company in enforcing
the Company’s rights under this Section 4. By accepting this Restricted Stock Unit Award, you hereby consent to a deduction from any amounts the Company owes to you from time to time (including amounts owed to you as compensation as well
as any other amounts owed to you by the Company), to the extent of any amounts that you owe to the Company under this Section 4. Whether or not the Company elects to make any set-off in whole or in part, if the Company does not recover by means
of set-off the full amount you owe to the Company, calculated as set forth above, you agree to pay immediately the unpaid balance to the Company. You hereby grant the Company a proxy on your behalf, and you hereby agree to execute any documents
necessary or appropriate to carry out the foregoing. 
 5. Form of Shares. The Company is authorized to issue
registered shares in certificated or uncertificated form and it may choose the form of issuance if and when registered shares issue. 
 6. Changes in Company’s Capital Structure. Subject to any required action by the Company’s Board and stockholders, as may be determined to be appropriate and equitable by the
Committee, to prevent dilution or enlargement of rights, the Committee shall: 
 (a) adjust proportionately the
number of Units for any increase or decrease in the number of issued and outstanding registered shares resulting from a subdivision or combination of such shares or the payment of a stock dividend or any other increase or decrease in the number of
such outstanding registered shares of the Company effected without the receipt of consideration by the Company; 

(b) if the Company is a participating corporation in any merger or consolidation and provided the Units are not terminated
upon consummation of such merger or consolidation, modify such Units to pertain to and apply to the securities or other property to which a holder of the number of shares subject to the Units would have been entitled upon such consummation; and

 (c) for the avoidance of doubt, make any other adjustments, modifications, replacements, or exchanges
permitted by the Plan, including without limit, the Plan’s Articles 18 and 19. 

  
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 Notwithstanding anything to the contrary, any such actions taken by the Committee shall be final, binding
and conclusive. 
 7. [Reserved.] 
 8. Tax Withholding Obligations. As a condition to receipt of Shares in settlement of the Units, you acknowledge your obligation with respect to any tax or similar withholding obligations
that may arise in connection with receipt or vesting of the Units and/or receipt of the Shares. Pursuant to Article 20 of the Plan, you may satisfy withholding tax obligations through either (a) giving instructions to a broker for the sale on
the open market of a sufficient number of Shares to pay the applicable withholding tax or (b) depositing with the Company an amount of funds equal to the estimated withholding tax liability. If you fail to satisfy such obligations in either of
these ways, the Company may require that the Shares otherwise scheduled to be delivered in settlement upon vesting of the Units on any given date be forfeited. You understand that the Company’s rights to ensure satisfaction of applicable
withholding obligations with respect to the settlement of Units may require planning on your part, in advance of the expected vesting date(s) specified in Section 3 above. The Company will not deliver any of the Shares until and unless you have
made proper provision for all applicable tax and similar withholding obligations. 
 9. US Tax Consequences. Below
is a brief summary as of the date of this Restricted Stock Unit Award of certain United States federal tax consequences of the award of the Units and disposition of the Shares delivered in settlement of the Units under the laws in effect as of the
Grant Date. THIS SUMMARY IS INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT A TAX ADVISER BEFORE SETTLEMENT OF THIS RESTRICTED STOCK UNIT AWARD OR DISPOSING OF THE SHARES ISSUED IN SETTLEMENT. There may
be a regular federal (and state) income tax liability when the Units vest on the vesting date(s) specified in Section 3 above. You will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the
current Fair Market Value of the Shares underlying the Units on the date of vesting (i.e., when the forfeiture provisions lapse). If Shares issued upon vesting of this Restricted Stock Unit Award are held for at least one year, any gain
realized on disposition of those Shares will be treated as long-term capital gain for federal income tax purposes. You are obligated as a condition of receiving this Restricted Stock Unit Award to satisfy any applicable withholding obligations that
apply thereto. 
 10. Effect of Agreement. You acknowledge receipt of a copy of the Plan and represent that you
are familiar with the terms and provisions thereof (and have had an opportunity to consult counsel regarding the Restricted Stock Unit Award’s terms), and hereby accept this Restricted Stock Unit Award and agree to be bound by its contractual
terms as set forth herein and in the Plan. You hereby agree to accept as binding, conclusive and final all decisions and interpretations of the Committee regarding any questions relating to the Restricted Stock Unit Award. In the event of a conflict
between the terms and provisions of the Plan and the terms and provisions of this Agreement, and, for the avoidance of doubt, in the event this Agreement does not address an issue addressed by the Plan, the Plan terms and provisions shall prevail.

 11. Restriction on Transferability. Until settlement of the Units and issuance to you of the Shares subject
thereto, the Units may not be sold, transferred, pledged, assigned or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above and subject to Section 13 below,
distribution can be made pursuant to will, the laws of descent and distribution, intra-family transfer instruments or to an inter vivos trust. 

  
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 12. Voting Rights. You will have no voting or any other rights as a
shareholder of the Company with respect to the Units prior to the date on which you are issued the Shares in settlement thereof. Upon delivery of the Shares in settlement of the Units, you will, subject to and governed by the procedures under the
Company’s Articles of Association, obtain voting and other rights. 
 13. Designation of Beneficiaries. You
may, in accordance with procedures established by the Committee, designate one or more beneficiaries to receive all or part of any Shares to be distributed to you hereunder in settlement of Units in the case of your death, and you may change or
revoke such designation at any time. In the event of your death, any Shares distributable hereunder that are subject to such a designation (to the extent such a designation is enforceable under the Applicable Laws) will be distributed to such
beneficiary or beneficiaries in accordance with this Agreement. Any other Shares distributable will be distributed to your estate. If there is any question as to the legal right of any beneficiary to receive a distribution hereunder, the amount in
question will be paid over to your estate, in which event neither the Company nor any affiliate of the Company will have any further liability to anyone with respect to such amount. 

14. Amendment of Restricted Stock Unit Award. The Committee may at any time amend, alter, suspend or discontinue the Plan,
but no amendment, alteration, suspension or discontinuation (other than as explicitly permitted under the Plan) shall be made that would adversely affect your rights under this Agreement without your consent. 

15. Governing Law. The laws of the state of New Jersey, without giving effect to principles of conflicts of law, will apply
to the Plan, this Restricted Stock Unit Award and this Agreement. The Company agrees, and you agree as a condition to acceptance of the Restricted Stock Unit Award, to submit to the jurisdiction of the courts located in the jurisdiction in which you
are employed, or were most recently employed, by the Company. 
 16. Data Protection. You acknowledge and agree
(by executing this Agreement) to the collection, use, processing and transfer of certain personal data as described in this Section 16. You understand that you are not obliged to consent to such collection, use, processing and transfer of
personal data. However, you understand your failure to provide such consent may affect your ability to participate in the Plan. You understand that the Company may hold certain personal information about you, including your name, social security
number (or other tax identification number) salary, nationality, job title, position evaluation rating along with details of all past awards and current awards outstanding under the Plan, for the purpose of managing and administering the Plan (the
“Data”). The Company, or its Affiliates, will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Plan. The Company and/or any of its Affiliates may further transfer
Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These various recipients of Data may be located elsewhere throughout the world. You authorize these various recipients of Data to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Plan, including any required transfer of such Data as may be required for the subsequent holding of
Shares subject to the Unit on your behalf by a broker or other third party with whom you may elect to deposit any Shares subject to the Unit acquired pursuant to the Plan. You understand that you may, at any time, review Data with respect to you and
require any necessary amendments to such Data. You also understand that you may withdraw the consents to use Data herein by notifying the Company in writing; however, you understand that by withdrawing your consent to use Data, you may affect your
ability to participate in the Plan. 
 17. Employment Matters. This Restricted Stock Unit Award does not form part
of your entitlement to remuneration or benefits in terms of your employment by the Company. Your terms and 

  
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conditions of employment are not affected or changed in any way by this Restricted Stock Unit Award or by the terms of the Plan or this Agreement. No provision of this Agreement or of the
Restricted Stock Unit Award granted hereunder shall give you any right to continue in the employment of the Company or any Affiliate, create any inference as to the length of your employment, affect the right of the Company or any Affiliate to
terminate your employment, with or without Cause, or give you any right to participate in any employee welfare or benefit plan or other program (other than the Plan) of the Company or any Affiliate. You acknowledge and agree (by executing this
Agreement) that the granting of the Restricted Stock Unit Award under this Agreement is made on a fully discretionary basis by the Company and that this Agreement does not lead to a vested right to further awards in the future. Further, the
Restricted Stock Unit Award set forth in this Agreement constitutes a non-recurrent benefit and the terms of this Agreement are only applicable to the Units awarded pursuant to this Agreement. 

18. Tax Provisions Applicable to Non-US Persons. This Section 18 shall apply to you if you are resident in and/or
subject to the laws of a country other than the United States at the time of grant of the Restricted Stock Unit Award and during the period in which you hold this Restricted Stock Unit Award or the Shares issued in settlement thereof. 

(a) Applicable if you are not a US person (including as to UK persons): You hereby agree to indemnify and
keep indemnified the Company and any Affiliate from and against any liability for, or obligation to pay, income tax and employer’s and/or employee’s national insurance or social security contributions arising on the grant of the Restricted
Stock Unit Award, vesting of the Restricted Stock Unit Award or the issuance of the Shares in settlement. 
 (b)
Applicable if you are a UK person: Where any obligation to pay income tax or employee’s national insurance contributions or social security contributions (any such obligation or contribution, a “Tax Liability”)
arises, the Company or any Affiliate may recover from you an amount of money sufficient to meet the Tax Liability by any of the following arrangements: 
 (i) deduction from salary or other payments due to you; or 
 (ii)
withholding from the issuance to you of that number of Shares (otherwise to be acquired by you in settlement of the Units) whose aggregate Fair Market Value on the date of exercise is, so far as possible, equal to but neither less than nor more than
the amount of Tax Liability. 
 If you are unable to satisfy your Tax Liability pursuant to either subparagraph (i) or
clause (ii) above, the Company may additionally cause the forfeiture of any Shares otherwise scheduled to become vested under the Restricted Stock Unit Award on a given date to avoid imposition of any Tax Liability to you. 

19. Severability. In the event that any provision of this Agreement shall be held illegal or invalid for any reason,
the illegality or invalidity shall not affect the remaining parts of this Agreement, and this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 

20. Waiver; Cumulative Rights. The failure or delay of either party to require performance by the other party of any
provision hereof shall not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to
time. 

  
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 21. Representations. As a condition to your receipt of this Restricted Stock
Unit Award and the Shares to be issued in settlement thereof, you represent and warrant the following: 
 (a) You
are aware of the Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to accept this Restricted Stock Unit Award; 

(b) You are acquiring the Restricted Stock Unit Award and the Shares subject thereto for investment only for your own
account, and not with a view, or for resale in connection with, any “distribution” thereof under Applicable Law; 
 (c) You understand that neither the Units nor the Shares have been registered in all State jurisdictions within the United States, and that the exemption(s) from registration relied upon may depend upon
your investment intent as set forth above; 
 (d) You further understand that prior to any resale by you of the
Shares acquired in settlement of these Units without registration of such resale in relevant State jurisdictions, the Company may require you to furnish the Company with an opinion of counsel acceptable to the Company that you may sell or transfer
such Shares pursuant to an available exemption under Applicable Law; 
 (e) You understand that the Company is
under no obligation to assist you in this process by registering the Shares in any jurisdiction or by ensuring that an exemption from registration is available; and 

(f) You further agree that as a condition to settlement of these Units, the Company may require you to furnish
contemporaneously dated representations similar to those set forth in this Section 21. 

  
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 EXHIBIT A 
 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 
 Performance Goals

  

					
	 Minimum Level
 Payout of 12.5% of

the Maximum
	  	 Median Level Payout

of 50% of the
 Maximum
	  	 Maximum Level
 Payout of 100% of
 the
Maximum

	 TSR = 25th Percentile
	  	TSR = 50th Percentile	  	TSR 3 75th Percentile

 Definitions: 
 “TSR” means Total Shareholder Return as calculated by Standard & Poors. TSR shall be based on cumulative three-year TSR and shall be calculated by comparing monthly average share price
in December 2012 to monthly average share price in December 2015 (including reinvestment of dividends). If Standard & Poors ceases to provide TSR information, the Committee shall obtain substantially similar information from
any other source it in its absolute discretion may choose. 
 “Maximum” means the number of Restricted Stock Units set forth on the
first page of this Agreement. 
 “Percentile” means Foster Wheeler AG’s TSR among a ranking of its Peer Group. For example, if
Foster Wheeler AG’s TSR was the 7th highest among a Peer Group of 13, Foster Wheeler AG’s Percentile would be the 50th Percentile (out of a total group of 14 companies, which includes Foster Wheeler AG). 

“Peer Group” means: 
  

			
	AECOM (ACM)	 	McDermott International, Inc. (MDR)
	Chicago Bridge & Iron Co. (CBI)	 	SNC-Lavalin Group Inc. (SNC)
	Fluor Corporation (FLR)	 	Tutor Perini Corporation (TPC)
	Granite Construction Incorporated (GVA)	 	Technip (TEC.PA)
	Jacobs Engineering Group Inc. (JEC)	 	URS Corporation (URS)
	KBR Inc. (KBR)	 	WorleyParsons Limited (WOR)

 If TSR information for any member(s) of the Peer Group ceases to be reasonably available from Standard & Poors
or otherwise, the Committee may make whatever adjustments to the Peer Group it in its absolute discretion deems appropriate, including, without limit, removing such member from the Peer Group or replacing that member with a company the Committee
deems to have similar attributes. 
 Linear Interpolation / Maximum / Minimum 

If Foster Wheeler AG’s Percentile is between the 25th and 50th Percentile, or between the 50th and 75th Percentile, the Payout shall be based on a linear interpolation between the applicable Percentiles. For the avoidance
of doubt, there shall be no payout if Foster Wheeler AG is below the 25th Percentile, and the maximum payout shall be the Maximum even if Foster Wheeler AG is above the 75th Percentile. 

  
 11 

 EXHIBIT B 
 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 
 Exercise Notice of RSUs of
Foster Wheeler AG 
  

			
	Date:	 	[Date]
		
	From:	 	[Name, Address, e-mail]
		
	To:	 	Foster Wheeler AG
		 	c/o Foster Wheeler Inc.
		 	Perryville Corporate Park
		 	53 Frontage Road
		 	 PO Box 9000 

		 	Hampton, NJ 08827-9000

 Ladies and Gentlemen, 
 I herewith exercise [number of RSUs] granted to me in the Restricted Stock Unit Award Agreement dated [date of award agreement] under the [name of plan] which entitle me to [number of shares, which number
should be equal to the number of RSUs set forth above] registered shares of Foster Wheeler AG with a par value of x Swiss francs (CHF). 
 I unconditionally subscribe for the number of registered shares as stated above and undertake to pay as the exercise price an equal amount of at least x CHF
per share, paid in US dollars (USD) while taking into consideration a CHF-USD exchange rate as effective on the day of the delivery of the shares. 
 I request that Foster Wheeler AG deliver [number of shares] out of its conditional capital according to Article 5 of its Articles of Association after the receipt of my payment and I herewith assign and
transfer these shares to Cede & Co. in its capacity as Nominee of the Depository Trust Company, New York City, in order to and with the sole purpose of enabling the electronic trading of the aforementioned shares on the NASDAQ Global Select
Market. 
  

	
	Yours sincerely,
	
	  

	[Name]

  
 12EX-10.29

 Exhibit 10.29 
 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 
 Notice of Director
Nonqualified Stock Option Grant 
 Director:             

 Pursuant to the attached Director Nonqualified Stock Option Agreement, you have been granted a nonqualified stock option
to purchase registered shares of Foster Wheeler AG, a Swiss company (the “Company”) as follows: 
  

			
	Date of Grant:	  	[March     , 2013]
		
	Exercise Price Per Share:	  	The greater of                      US dollars (USD) per Share or the par
value of a Share (as such par value is defined in Article 4 of the Company’s Articles of Association), denominated in Swiss francs (CHF) on the date of delivery of the Share
		
	Total Number of Shares Subject to this Option:	  	                     registered shares
		
	Type of Option:	  	Nonqualified Stock Option
		
	Expiration Date:	  	Seventh (7th) anniversary of the Grant Date
		
	Vesting/Exercise Schedule:	  	So long as you provide continuous service to the Company or any Affiliate, and except as otherwise set forth in Section 5 of the Option Agreement, the Shares underlying this
Option shall vest and become exercisable on the first (1st)
anniversary of the Grant Date.
		
	Termination Period:	  	 Following your termination of service with the Company and all its Affiliates, the Option may be exercised, but only as to Shares
that were vested on the date of such termination, through the Expiration Date set forth above; provided, however, the Option may terminate as of an earlier date in connection with certain events as set forth in the Plan and in Section 5 of
the Option Agreement.

		
		  	You are responsible for keeping track of the periods during which the Option may be exercised, including those periods that apply following your termination of service with the
Company and all its Affiliates for any reason. The Company will not provide further notice of such exercise periods.
		
	Transferability:	  	Unless otherwise provided in the Option Agreement or the Plan, this Option may not be transferred.

 Pursuant to the Foster Wheeler AG Omnibus Incentive Plan (the “Plan”), a
copy of which has been delivered to you, along with a prospectus describing the material terms of the Plan, and in accordance with the terms and conditions of the Plan and your agreement to such additional terms, conditions and restrictions as are
set forth herein, you have been granted as of the date set forth above an option (the “Option”) to purchase registered shares of Foster Wheeler AG on the terms and conditions set forth in the attached Director Nonqualified Stock
Option Agreement (the “Option Agreement”). 
 You must accept this Option by responding to the cover e-mail to
which this Option is attached in accordance with the instructions contained in the e-mail. If you do not accept this Option, you will have no further rights or obligations under this Option Agreement, and will not be eligible to receive any
other grants in lieu of this Option. However, failing to accept this Option will not affect any other grants you may have previously received, or may receive in the future, under the Plan. 

If you accept this Option, you will be bound by and agree to all terms of the Option Agreement. In addition, you agree and acknowledge
that your rights to any Shares underlying the Option vest only as you provide services to the Company or its Affiliates over time, that the grant of the Option is not as consideration for services you rendered to the Company or its Affiliates prior
to your Date of Grant, and that nothing in the Option Agreement or the documents attached or provided herewith confers upon you any right to continue your service relationship with the Company or its Affiliates for any period of time, nor does it
interfere in any way with your right or the Company’s (or its Affiliates’) right to terminate that relationship at any time, for any reason, with or without cause. 

  
 2 

 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 

Director Nonqualified Stock Option Agreement 
 1. Grant of Option. Foster Wheeler AG, a Swiss company (the “Company”), hereby grants to the Director (“Optionee”) whose name is set forth in the Notice of
Director Nonqualified Stock Option Grant (the “Notice”), an option (the “Option”) to purchase the total number of registered shares (the “Shares”) subject to the Option, set forth in the Notice, at
the exercise price per Share set forth in the Notice (the “Exercise Price”), subject to the terms, definitions and provisions of the Foster Wheeler AG Omnibus Incentive Plan (the “Plan”) adopted by the Company,
which is incorporated in this Director Nonqualified Stock Option Agreement (the “Option Agreement”) by reference. Unless otherwise defined in this Option Agreement (including, for the avoidance of doubt, definition by incorporation
through Section 6 of this Option Agreement), the terms used in this Option Agreement and the Notice shall have the meanings defined in the Plan; provided, however, that the term “Shares” as defined above shall be interpreted to
refer to the specific number of shares set forth in the Notice but shall otherwise have the meaning set forth in the Plan. The Company and Optionee shall be deemed to have agreed to this Option Agreement upon Optionee’s acceptance of this
Option, as set forth in the Notice. 
 2. Designation of Option. This Option is intended to be a Nonqualified
Stock Option. 
 3. Exercise of Option. This Option shall be exercisable during its term in accordance with the
Vesting/Exercise Schedule set out in the Notice and with the provisions of Section 5 of this Option Agreement as follows: 
 (a) Right to Exercise. 
 (i) This Option may not be
exercised for a fraction of a registered share. 
 (ii) In the event of Optionee’s death, Disability, or
other termination of service, the exercisability of the Option is governed by Section 5 below, subject to the limitations contained in this Section 3. 
 (iii) In no event may this Option be exercised after the Expiration Date of the Option as set forth in the Notice. 
 (b) Method of Exercise. 
 (i) This Option shall be
exercisable by delivering to the Company a written Notice of Exercise (containing substantially the information described in Exhibit A hereto, and substantially in the form attached as Exhibit A, or in any other form acceptable to the
Committee) which shall state Optionee’s election to exercise the Option, the number of Shares in respect of which the Option is being exercised, and such other representations and agreements as to the holder’s investment intent with
respect to such Shares as may be required by the Company pursuant to the provisions of the Plan. Such written notice shall be signed by Optionee and shall be delivered to the Company by such means as are determined by the Committee in its discretion
to constitute adequate delivery. The written notice shall be accompanied by payment of the Exercise Price. This Option shall be deemed to be exercised upon receipt by the Company of such written notice accompanied by payment of the Exercise Price.
Swiss law requires the execution of a specific form of exercise notice for Shares to issue out of the conditional capital of the Company. By signing this Agreement, you appoint the Company’s

  
 3 

 
Secretary and each of its Assistant Secretaries your proxy with the right of substitution to execute and deliver the requisite form of exercise notice at or about the time you provide the Company
a Notice of Exercise. 
 (ii) For the sole purpose of enabling electronic trading of the awarded Shares on the
NASDAQ Global Select Market, Optionee shall assign and transfer the awarded Shares to Cede & Co., the Nominee of the Depository Trust Company, a US clearing agency. Such assignment and transfer shall be signed by Optionee and shall be
delivered to the Company by such means as are determined by the Committee in its discretion to constitute adequate delivery. The foregoing assignment and transfer will not adversely affect Optionee’s beneficial ownership of, or ability to
trade, the awarded Shares. 
 (iii) The Company is not obligated, and will have no liability for failure, to
issue or deliver any Shares upon exercise of the Option unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. This Option may not be exercised
if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation, including any rule under Part 221 of
Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board, or other Applicable Laws. As a condition to the exercise of this Option, the Company may require Optionee to make any representation and warranty to the Company
as may be required by the Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Optionee on the date on which the Option is exercised with respect to such Shares. The Company may postpone
issuing and delivering any Shares for so long as the Company reasonably determines to be necessary to satisfy the following: 
 (A) its completing or amending any securities registration or qualification of the Shares or its or the Optionee’s satisfying any exemption from registration under any federal or state law, rule or
regulation; 
 (B) its receiving proof it considers satisfactory that a person seeking to exercise the Option
after the Optionee’s death is entitled to do so; 
 (C) the Optionee complying with any requests for
representations under the Plan; 
 (D) the Optionee complying with any federal, state, or local tax withholding
obligations; and/or 
 (E) its compliance with the restrictions of Code Section 409A to the extent
applicable, including any regulations issued pursuant thereto, including the Committee’s right to amend any provision of this Option Agreement to the extent necessary to comply with Code Section 409A. 

4. Method of Payment. Payment of the Exercise Price (in US dollars) shall be by any of the following, or a combination of
the following, at the election of Optionee: 
 (a) cash or cashier’s check; 

  
 4 

 (b) through a cashless (broker-assisted) exercise; or 

(c) a combination of paragraphs (a) and (b) immediately above. 

5. Termination of Relationship; Vesting Acceleration on Certain Events. Following the date of the Optionee’s
termination of service for any reason (the “Termination Date”), Optionee may exercise the Option only as set forth in the Notice and this Section 5. The Committee has the discretion to determine the Optionee’s Termination
Date for purposes of the Option. To the extent that Optionee is not vested in the Shares as of his or her Termination Date, the Option shall terminate as to unvested Shares as of the Termination Date. If Optionee does not exercise this Option as to
vested Shares prior to the earlier of the Expiration Date of the Option as set forth in the Notice or the relevant dates specified below in this Section 5, the Option shall terminate in its entirety. In no event may the Option be exercised as
to any Shares after the Expiration Date of the Option as set forth in the Notice. 
 (a) Termination as a
Result of Death or Disability. In the event of the Optionee’s termination of service as a result of his or her death or Disability, any unvested Shares under the Option shall immediately become fully vested and exercisable and all
remaining Shares subject to the Option shall remain exercisable until the earlier of: 
 (i) the Expiration Date;
or 
 (ii) the one (1) year anniversary of the day the Optionee terminates service due to death or
Disability. 
 In the event of the Optionee’s death, the Optionee’s beneficiary or estate may exercise the vested
Shares under the Option. 
 (b) Termination for Cause. In the event the Optionee’s service is
terminated for Cause, all unvested Shares under the Option and all unexercised, vested Shares under the Option shall expire immediately, be forfeited and considered null and void, and the provisions of Section 9 of this Agreement shall control.

 (c) Termination—General. In the event of the Optionee’s termination of service other
than as a result of Optionee’s death, Disability or Cause and occurring other than during a Change in Control Period, the vesting of the Option shall accelerate such that Optionee shall be vested in and able to exercise the Option as of the
Termination Date as to that number of Shares subject to the Option that equals the product of: 
 (i) the total
number of Shares subject to the Option, times  
 (ii) a ratio, the numerator of which is the total
number of months of service from the Grant Date to the end of the month in which the date of your termination of service occurs, and the denominator of which is twelve (12), rounded to the nearest whole number. 

The remaining portion of the unvested and unexercisable Option which is not accelerated for vesting purposes shall be immediately
forfeited. 
 Example: The following example is included merely for demonstrative purposes. 

Ann, a director, is granted 1,000 Shares subject to the Option on March 4, 2011. She will vest 100% in her Option on March 4,
2012. Ann subsequently announces her termination of service effective August 18, 2011. 

  
 5 

 As of August 18, 2011, Ann will immediately vest in unvested Shares underlying the
unvested Option equal to the amount of 500 (equal to 1,000 Units multiplied by 6 (i.e., 6 months of service from March 4, 2011) divided by 12. 

All vested Shares under the Option (including those which become immediately vested pursuant to this paragraph (c)) shall remain
exercisable until the earlier of: 
 (A) the Expiration Date; or 

(B) the date which is thirty (30) days after the day the Optionee terminates service for reasons other than as a
result of Optionee’s death, Disability or Cause; provided, however, that in the event that applicable securities law (including Section 306 of the Sarbanes-Oxley Act), a rule or listing requirement of the principal stock exchange on which
the Company’s Shares are listed, or the Company’s blackout or stock trading policy prohibits the Optionee from trading in Shares (collectively, a “Blackout”) during any portion of the 30-day exercise period, then the
running of such 30-day exercise period shall be suspended until the first date on which the Blackout is lifted by the Company as it relates to the Optionee, or in the opinion of the Company’s legal counsel or legal compliance officer, the
Blackout no longer applies, but in no event shall such Option be exercisable after the Expiration Date. 
 (d)
Change in Control Acceleration. In the event of the Optionee’s termination of service during a Change in Control Period and other than as a result of the Optionee’s death, Disability or Cause, any unvested Shares under the
Option shall immediately become fully vested and exercisable as of the date of such termination and all remaining Shares subject to the Option shall remain exercisable through the earlier of the Expiration Date or the date which is three
(3) years after the date of such termination of service, provided, however, that if the Optionee is a party to an Other Agreement and such Other Agreement contains provisions regarding the vesting or forfeiture of stock options upon such
termination during a Change in Control Period (or the substantial equivalent of any of the foregoing) in a manner consistent with Article 18 of the Plan, the unvested portion of the Option shall vest or be forfeited in accordance with the terms of
the Optionee’s Other Agreement. Notwithstanding the foregoing, in connection with a Change in Control, the Optionee shall receive the greater of the benefits provided under Article 18 of the Plan or any such Other Agreement to which the
Optionee is a party, without duplication. 
 (e) Other Termination Events. Notwithstanding anything
to the contrary contained in this Option Agreement, the Option will terminate and expire immediately upon the occurrence of the circumstances set forth in Section 11.2 of the Plan, and the provisions of Section 9 of this Agreement shall
control. 
 6. Relation of Other Agreement(s) to Option. As an express condition to acceptance of this Option,
subject to the special exception provided under Section 5(d) of this Option Agreement (which governs a Change in Control situation), Optionee agrees that: 
 (a) Except to the extent Optionee is or subsequently becomes a party to an Other Agreement (which, for the avoidance of doubt and for purposes of this Agreement, is as defined in the Plan), the only
vesting and lapse of forfeiture restriction provisions that govern the Option under this Option Agreement are set forth in Section 5 of this Option Agreement; 

  
 6 

 (b) To the extent that the vesting and lapse of forfeiture restriction
provisions of this Agreement or the Plan’s terms are inconsistent with an Other Agreement, the provisions of Optionee’s Other Agreement shall govern and control, subject to the special exception provided under Section 5(d) of this
Option Agreement (which governs a Change in Control situation); and 
 (c) Except as expressly provided in
paragraph (b) above, the terms of any Other Agreement shall in no way alter or amend, or provide additional rights or benefits, under the Option governed by this Option Agreement. 

7. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Optionee only by him or her. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of Optionee. 

8. Changes in Company’s Capital Structure. Subject to any required action by the Company’s Board and
stockholders, as may be determined to be appropriate and equitable by the Committee, to prevent dilution or enlargement of rights, the Committee shall: 
 (a) adjust proportionately the number of Shares covered by the Option and the Exercise Price for any increase or decrease in the number of issued and outstanding registered shares resulting from a
subdivision or combination of such shares or the payment of a stock dividend or any other increase or decrease in the number of such outstanding registered shares of the Company effected without the receipt of consideration by the Company;

 (b) if the Company is a participating corporation in any merger or consolidation and provided the Option is
not terminated upon consummation of such merger or consolidation, modify such Option to pertain to and apply to the securities or other property to which a holder of the number of shares subject to the unexercised portion of this Option would have
been entitled upon such consummation; and 
 (c) for the avoidance of doubt, make any other adjustments,
modifications, replacements, or exchanges permitted by the Plan, including without limit, the Plan’s Articles 18 and 19. 
 Notwithstanding
anything to the contrary, such adjustments by the Committee shall be final, binding and conclusive. 
 9. Forfeiture
Events. Upon the occurrence of any of the events set forth in Section 11.2 of the Plan (a “Forfeiture Event”), Optionee, without any further action by the Company or Optionee, shall forfeit, as of the first day of any
such Forfeiture Event: 
 (a) all rights and interest to this Option; 

(b) any Shares issued upon exercise of the Option then owned by or for the benefit of the Optionee; and 

(c) any and all profits realized by the Optionee, on an after-tax basis, pursuant to any sales or transfer of any Shares
previously subject to the Option within the six (6) month period prior to the date of such Forfeiture Event. 

  
 7 

 Additionally, the Company shall have the right to issue a stop transfer order and other appropriate
instructions and other documents implementing the above-described forfeiture to its transfer agent, Cede & Co., the depository or any of its nominees, and/or any other person with respect to this Option and the Shares, and the Company
further shall be entitled to reimbursement from the Optionee of any fees and expenses (including attorneys’ fees) incurred by or on behalf of the Company in enforcing the Company’s rights under this Section 9. By accepting this Option
Grant, the Optionee hereby consents to a deduction from any amounts the Company owes to Optionee from time to time (including amounts owed to the Optionee as compensation as well as any other amounts owed to Optionee by the Company), to the extent
of any amounts that the Optionee owes to the Company under this Section 9. Whether or not the Company elects to make any set-off in whole or in part, if the Company does not recover by means of set-off the full amount the Optionee owes to the
Company, calculated as set forth above, the Optionee agrees to pay immediately the unpaid balance to the Company. The Optionee hereby grants the Company a proxy on his or her behalf, and the Optionee hereby agrees to execute any documents necessary
or appropriate to carry out the foregoing. 
 10. US Tax Consequences. Below is a brief summary as of the date of
this Option of certain United States federal tax consequences of exercise of this nonqualified stock option and disposition of the Shares under the laws in effect as of the Date of Grant. THIS SUMMARY IS INCOMPLETE, AND THE TAX LAWS AND
REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. There may be a regular federal (and state) income tax liability upon Optionee’s exercise of the Option.
Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Shares issued upon
exercise of this Option are held for at least one year, any gain realized on disposition of those Shares will be treated as long-term capital gain for federal income tax purposes. 

11. Effect of Agreement. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with
the terms and provisions thereof (and has had an opportunity to consult counsel regarding the Option terms), and hereby accepts this Option and agrees to be bound by its contractual terms as set forth herein and in the Plan. Optionee hereby agrees
to accept as binding, conclusive and final all decisions and interpretations of the Committee regarding any questions relating to the Option. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of the
Notice and this Option Agreement, and, for the avoidance of doubt, in the event this Option Agreement does not address an issue addressed by the Plan, the Plan terms and provisions shall prevail. 

12. Governing Law. The laws of the state of New Jersey, without giving effect to principles of conflicts of law, will apply
to the Plan, to the Option and the Option Agreement (including the Notice). The Company agrees, and Optionee agrees as a condition to acceptance of the Option, to submit to the jurisdiction of the courts located in the jurisdiction in which the
Optionee provides, or most recently provided, his or her primary services to the Company. 
 13. Data Protection.
Optionee acknowledges and agrees (by executing this Option Agreement) to the collection, use, processing and transfer of certain personal data as described in this Section 13. The Optionee understands that he or she is not obliged to
consent to such collection, use, processing and transfer of personal data. However, the Optionee understands that his or her failure to 

  
 8 

 
provide such consent may affect his or her ability to participate in the Plan. The Optionee understands that the Company may hold certain personal information about the Optionee, including his or
her name, social security number (or other tax identification number), salary, nationality, position title, position evaluation rating along with details of all past awards and current awards outstanding under the Plan, for the purpose of managing
and administering the Plan (the “Data”). The Company, or its Affiliates, will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Plan. The Company and/or any of its
Affiliates may further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These various recipients of Data may be located elsewhere throughout the world. The Optionee authorizes
these various recipients of Data to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Plan, including any required transfer of such Data as may be
required for the subsequent holding of Shares subject to the Option on the Optionee’s behalf by a broker or other third party with whom the Optionee may elect to deposit any Shares subject to the Option acquired pursuant to the Plan. The
Optionee understands that he or she may, at any time, review Data with respect to the Optionee and require any necessary amendments to such Data. The Optionee also understands that he or she may withdraw the consents to use Data herein by notifying
the Company in writing; however, the Optionee understands that by withdrawing his or her consents to use Data, the Optionee may affect his or her ability to participate in the Plan. 

14. Service Matters. The award of this Option does not form part of Optionee’s entitlement to remuneration or benefits
in terms of his or her services to the Company. Optionee’s terms and conditions of service are not affected or changed in any way by this Option or by the terms of the Plan or this Option Agreement. No provision of this Agreement or of the
Option granted hereunder shall give the Optionee any right to continue in the service of the Company or any Affiliate, create any inference as to the length of service of the Optionee, affect the right of the Company or any Affiliate to terminate
the service of the Optionee, with or without Cause, or give the Optionee any right to participate in any employee welfare or benefit plan or other program (other than the Plan) of the Company or any Affiliate. Optionee acknowledges and agrees (by
executing this Agreement) that the granting of Options under this Agreement are made on a fully discretionary basis by the Company and that this Agreement does not lead to a vested right to further Option awards in the future. Further, the Options
set forth in this Agreement constitute a non-recurrent benefit and the terms of this Agreement are only applicable to the Options distributed pursuant to this Agreement. 
 15. Tax Provisions Applicable to Non-US Persons. This Section 15 shall apply to Optionee if he or she is resident in and/or subject to the laws of a country other than the United States
at the time of grant of this Option and during the period in which he or she holds this Option or the Shares issued pursuant thereto. 
 (a) Applicable if Optionee is not a US person (including as to UK persons): Optionee hereby agrees to indemnify and keep indemnified the Company and any Affiliate from and against any
liability for, or obligation to pay, income tax and national insurance or social security contributions arising on the grant of the Option, vesting of the Shares or the exercise of the Option. 

(b) Applicable if Optionee is a UK person: Where any obligation to pay income tax or national insurance
contributions or social security contributions (any such obligation or contribution, a “Tax Liability”) arises, the Company or any Affiliate may recover from Optionee an amount of money sufficient to meet the Tax Liability by any of
the following arrangements: 
 (i) deduction from salary or other payments due to Optionee; or 

(ii) withholding from the issuance to Optionee of that number of Shares (otherwise to be acquired by Optionee on exercise
of the Option) whose aggregate Fair Market Value on the date of exercise is, so far as possible, equal to but neither less than nor more than the amount of Tax Liability. 

  
 9 

 16. Severability. In the event that any provision of this Option
Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Option Agreement, and this Option Agreement shall be construed and enforced as if the illegal or invalid provision
had not been included. 
 17. Waiver; Cumulative Rights. The failure or delay of either party to require
performance by the other party of any provision hereof shall not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be
exercised in part or in whole from time to time. 
 18. Amendment of Nonqualified Stock Option. The
Committee may at any time amend, alter, suspend or discontinue the Plan, but no amendment, alteration, suspension or discontinuation (other than as explicitly permitted under the Plan) shall be made that would adversely affect Optionee’s rights
under this Option Agreement without his or her consent. 
 19. Representations. As a condition to Optionee’s
receipt of this Option, Optionee represents and warrants the following: 
 (a) Optionee is aware of the
Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to accept this Option; 

(b) Optionee is acquiring the Option and the Shares subject thereto for investment only for his or her own account, and
not with a view, or for resale in connection with, any “distribution” thereof under Applicable Law; 

(c) Optionee understands that neither Option nor the Shares have been registered in all State jurisdictions within the
United States, and that the exemption(s) from registration relied upon may depend upon his or her investment intent as set forth above; 
 (d) Optionee further understands that prior to any resale by him or her of the Shares acquired upon exercise of this Option without registration of such resale in relevant State jurisdictions, the Company
may require him or her to furnish the Company with an opinion of counsel acceptable to the Company that he or she may sell or transfer such Shares pursuant to an available exemption under Applicable Law; 

(e) Optionee understands that the Company is under no obligation to assist him or her in this process by registering the
Shares in any jurisdiction or by ensuring that an exemption from registration is available; and 
 (f) Optionee
further agrees that as a condition to exercise of this Option, the Company may require him or her to furnish contemporaneously dated representations similar to those set forth in this Section 19. 

  
 10 

 EXHIBIT A 
 FOSTER WHEELER AG OMNIBUS INCENTIVE PLAN 
 Exercise Notice of Options
of Foster Wheeler AG 
  

			
	Date:	  	[Date]
		
	From:	  	[Name, Address, e-mail]
		
	To:	  	Foster Wheeler AG
		  	 c/o Foster Wheeler Inc.

Perryville Corporate Park
 53 Frontage
Road
 PO Box 9000
 Hampton, NJ
08827-9000

 Ladies and Gentlemen, 
 I herewith exercise [number of options] granted to me in the Nonqualified Stock Option Grant dated [date of award agreement] under the [name of plan] which entitle me to [number of shares, which number
should be equal to the number of options set forth above] registered shares of Foster Wheeler AG with a par value of x Swiss francs (CHF). 
 I unconditionally subscribe for the number of registered shares as stated above and undertake to pay the exercise price of [exercise price] US dollars (USD) per share as stated in the respective plan
and/or agreement. 
 I request that Foster Wheeler AG deliver [number of shares] out of its conditional capital according to Article 5 of its
Articles of Association after the receipt of my payment and I herewith assign and transfer these shares to Cede & Co. in its capacity as Nominee of the Depository Trust Company, New York City, in order to and with the sole purpose of
enabling the electronic trading of the aforementioned shares on the NASDAQ Global Select Market. 
  

	
	Yours sincerely,
	
	  

	[Name]

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"}]]