Document:

Third Amendment to the Employment Agreement

 Exhibit 10.2 
 THIRD AMENDMENT 
 TO THE 

EMPLOYMENT AGREEMENT 
 BETWEEN FOSTER WHEELER INC. 
 AND 

PETER D. ROSE 
 This THIRD AMENDMENT (this “Amendment”) to the Employment Agreement between FOSTER WHEELER INC., a Delaware corporation (the “Company”), and PETER D. ROSE (the
“Executive”), dated as August 20, 2008, is made and entered into effective as of August 1, 2012 (the “Effective Date”). 
 WHEREAS, Foster Wheeler Ltd. entered into an Employment Agreement with the Executive, dated as of August 20, 2008, which Employment Agreement was assumed by Foster Wheeler Inc. from Foster
Wheeler Ltd. on or about February 9, 2009; and 
 WHEREAS, the Company and the Executive entered into a First
Amendment to the Employment Agreement, effective January 18, 2010 and a Second Amendment, dated as of November 16, 2010 (the Employment Agreement, as so amended, the “Agreement”); and 

WHEREAS, the Company and the Executive have agreed to further amend the Agreement as set forth herein to, among other things,
implement their mutual desire to have the Executive relocate to New Jersey on or about August 15, 2012 (the “Relocation Date”) and remain in the Company’s employ through 2013, subject to reasonable travel requirements consistent
with the nature of the Executive’s duties from time to time on behalf of the Company. 
 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 the
Effective Date, as follows: 
  

	1.	The following provisions of the Addendum (as amended, including, without limit, by this Amendment) continue in full force and effect notwithstanding the expiration of
the Assignment Term: A-2(b)(Extended Exercise); A-3(n)(Lease Termination Payments); A-5(d) (Termination of Employment; End of Assignment Term); and A-6(a)(Application of Section 409A to Benefits-in-Kind, Expense Reimbursements and Allowances;
Benefits-in-Kind; Expense Reimbursements). 

  

	2.	The Addendum is hereby revised by replacing Section A-3(n) in its entirety with the following: 

(n) Lease Termination Payments. If as a result of the Executive’s repatriation to the U.S. on or after the Relocation Date,
the Executive incurs lease termination expenses, continuing lease expenses or similar expenses in connection with the Geneva residence despite the Executive’s reasonable efforts to avoid and/or limit such expenses (which reasonable efforts
shall, include among other things, cooperating with any reasonable requests of the Company in connection therewith), then the Company shall reimburse the Executive for such expenses as soon as administratively possible after they are incurred
by the Executive. 

	3.	The Addendum is hereby revised by replacing Section A-5(d) in its entirety with the following: 

(d) End of Term / Resignation / Title. 
 (i) Unless the parties in writing agree otherwise, or unless the Executive’s employment otherwise terminates pursuant to Agreement Section 4.1 (Termination Events), the Executive’s
employment shall terminate on December 31, 2013, such termination of employment shall be deemed a termination by the Executive for Good Reason, and the Executive shall be entitled to the separation payments and benefits described in Agreement
Sections 4.2.1 and 4.2.2 (or 4.3.2 if the termination occurs during a Change of Control Period). If the parties agree to extend the Executive’s employment beyond December 31, 2013, and the Executive thereafter terminates employment on or
after December 31, 2013, such termination of employment shall be deemed a termination by the Executive for Good Reason and the Executive shall be entitled to the separation payments and benefits described in Agreement Sections 4.2.1 and 4.2.2
(or 4.3.2 if the termination occurs during a Change of Control Period). No notice requirement shall apply for a termination of employment on or after December 31, 2013. 
 (ii) The Executive may terminate his employment after the Relocation Date but prior to December 31, 2013, have his termination deemed a termination by the Executive for Good Reason, and be entitled
to the separation payments and benefits described in Agreement Sections 4.2.1 and 4.2.2 (or 4.3.2 if the termination occurs during a Change of Control Period) on the following terms and conditions: 

(A) the Executive may terminate his employment with an effective termination date on or prior to March 15, 2013 by providing the
Company with an advance written notice of termination of employment given at least four (4) months in advance of his effective termination date, or 
 (B) the Executive may terminate his employment with an effective termination date after March 15, 2013 by providing the Company with an advance written notice of termination of employment given at
least one (1) month in advance of his effective termination date. 
 (iii) During the Term, the Executive’s title shall
be at least that of Vice President of Foster Wheeler AG. 
  

	4.	Repatriation Costs. The Company shall pay the reasonable costs associated with the Executive’s repatriation to the U.S., it being agreed that
Addendum A-6(a)(Application of Section 409A to Benefits-in-Kind, Expense Reimbursements and Allowances; Benefits-in-Kind; Expense Reimbursements) shall apply to same. 

 

	5.	Good Reason. For the avoidance of doubt, (a) after the Relocation Date, the Executive’s principal business location shall, for purposes of the
Agreement’s Section 4.1.2 (For Good Reason by the Executive) and otherwise, be deemed to be the Company’s offices at Perryville Corporate Park, Hampton, New Jersey, and (b) neither the hiring, appointment, nor election of the
Executive’s replacement shall constitute Good Reason within the meaning of Agreement Section 4.1.2 (For Good Reason by the Executive) or Agreement Sections 4.2.2 or 4.3.2. 

  
 2 

	6.	Equity Awards. For the avoidance of doubt, if the Executive’s termination is pursuant to Section 3 above (revising Section A-5(d) of the
Addendum) deemed a resignation for Good Reason pursuant to Agreement Sections 4.2.1 and 4.2.2 (or 4.3.2 if the termination occurs during a Change of Control Period), the Executive shall also have the right to have his termination deemed a Retirement
pursuant to his equity agreements and Foster Wheeler AG’s Omnibus Incentive Plan. 

  

	7.	Retirement Plans. The Company acknowledges that the Executive is relying upon the memorandum from R.J. Lee attached hereto as Exhibit 1.

  

	8.	Counterparts. This 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. 

 IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to the
Agreement as of the date first written above. 
  

			
	FOSTER WHEELER INC.
		
	By:	 	/s/ J. Kent Masters
	Name:	 	J. Kent Masters
	Title:	 	President & Chief Executive Officer
	
	/s/ Peter D. Rose
	PETER D. ROSE

  
 3 

  
 

 
 PERSONAL & CONFIDENTIAL 

 

			
	TO:	  	Peter D. Rose
		
	FROM:	  	R. J. Lee /s/ R.J. Lee
		  	Director – Employee Benefits
		
	DATE:	  	July 18, 2012
		
	RE:	  	Severance / Retirement

 This addresses certain questions you have asked about the potential relationship between your receipt of
severance pursuant to your Employment Agreement (as amended) (“Employment Agreement”) and your receipt of benefits under the Foster Wheeler Inc. Salaried Employees Pension Plan (the “Pension Plan”), the Foster Wheeler Inc. 401(k)
Plan (the “401(k) Plan”), and the post-retirement medical coverage portions of the Foster Wheeler Inc. Retiree Welfare Benefits Plan (the “PRM Plan”). As you may know, I have the responsibility for the day-to-day administration
of each of these company-sponsored benefits plans. 
 Your Employment Agreement provides for severance in the form of certain
payments and health benefits continuation for a period of 12 months (or 24 months if related to a Change of Control), to which severance you are entitled, among other things, following your resignation for Good Reason as provided for in your
Employment Agreement. 
 You have first asked us to confirm that the payment of severance following the
termination of your employment would not negatively affect your ability to receive your benefits under the Pension Plan and/or the 401(k) Plan. It would not. Because you have already celebrated your 65th birthday, you have reached Normal Retirement Age and will be
entitled to the benefits the Pension Plan provides to those who have achieved such age, effective as early as the first day of the month after termination of employment occurs (retroactively if the payments do not begin immediately on that date
because, for example, you choose to begin receiving them on a later date or because it is administratively impossible to begin making them on that date). Likewise, following your termination of employment with Foster Wheeler, you will have full
access to your entire account balance in the 401(k) Plan, to, for example, obtain it as a taxable distribution or to roll it over into another tax-deferred account, such as an Individual Retirement Account, with any institution of your choosing.

 You have also asked us to confirm that your post-termination receipt of continued health benefits at active employee levels
(including the associated cash payments provided for in your Employment Agreement)(“Severance
Medical”)1 would not negatively affect your ability
to elect your benefits under the PRM Plan. It would not, assuming you timely elect to participate in the PRM Plan. Your election 

 

	1 	Because we understand that it is likely that you will be in the U.S. if and when receiving your Severance Medical, it is anticipated to be continuation of the medical
and related coverages that are offered at that time to active employees permanently residing in the United States, even though your current coverage is under the CIGNA International Medical/Dental arrangement. 

  
 FOSTER
WHEELER INC. 
 PERRYVILLE CORPORATE PARK 53 FRONTAGE
ROAD, PO BOX 9000 HAMPTON, NJ 08827-9000 
 908-730-4000 www.fwc.com

 
will be timely so long as you make it within 30 days of the expiration of your Severance Medical (including any associated periods under COBRA). PRM coverage and related premiums would, in this
case, be effective on the day after active employee level coverage ends. As you approach the end of your Severance Medical, please feel free to contact us and we will be happy to walk you through the process of electing to participate in the PRM
Plan. 
 We hope and trust this answers your questions. Please always feel free to contact me with any further questions you may
have. 

  
 2Specimen Preferred Stock Certificate

 Exhibit 4.2 

	
	

 Apollo 
 SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER RESTRICTIONS AND OTHER INFORMATION 
 CUSIP 03763V 20 1 
 THIS CERTIFIES THAT 

is the owner of 
 FULLY PAID AND NON-ASSESSABLE SHARES OF 8.00% SERIES A CUMULATIVE REDEEMABLE PERPETUAL 
 PREFERRED STOCK, $0.01 PAR VALUE PER SHARE, OF 

APOLLO RESIDENTIAL MORTGAGE, INC. 
 a corporation formed under the laws of the State of Maryland (the “Corporation”), transferable on the books of the Corporation by the registered holder hereof in person or by
duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation (the
“Charter”) and the Bylaws of the Corporation and any amendments thereto. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 

IN WITNESS WHEREOF, the said Corporation has caused this certificate to be signed by facsimile signatures of its duly
authorized officers. 
 COUNTERSIGNED AND REGISTERED: 

WELLS FARGO BANK, N.A. 
 TRANSFER AGENT AND REGISTRAR 
 BY 

AUTHORIZED SIGNATURE 
 CHIEF EXECUTIVE OFFICER AND PRESIDENT 
 Dated:

 CHIEF FINANCIAL OFFICER, SECRETARY AND TREASURER 

AMERICAN FINANCIAL PRINTING INCORPORATED - MINNEAPOLIS 

 

 
 IMPORTANT NOTICE 

The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information
required by Section 2-211(b) of the Corporations and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to
dividends and other distributions, qualifications, and terms and conditions of redemption of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred or special class in
series, (i) the differences in the relative rights and preferences between the shares of each series to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series. The foregoing
summary does not purport to be complete and is subject to and qualified in its entirety by reference to the Charter, a copy of which will be sent without charge to each stockholder who so requests. Such request must be made to the Secretary of the
Corporation at its principal office. 
 The shares represented by this certificate are subject to restrictions on
Beneficial Ownership and Constructive Ownership and Transfer for the purpose, among others, of the Corporation’s maintenance of its qualification as a real estate investment trust under the Internal Revenue Code of 1986, as amended (the
“Code”). Subject to certain further restrictions and except as expressly provided in the Charter, (i) no Person may Beneficially Own or Constructively Own shares of Common Stock in excess of 9.8 percent (in value or number of shares,
whichever is more restrictive) of the outstanding shares of Common Stock unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (ii) no Person may Beneficially Own or Constructively Own shares of
Capital Stock in excess of 9.8 percent (in value or number of shares, whichever is more restrictive) of the total outstanding shares of Capital Stock, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be
applicable); (iii) no Person may Beneficially Own or Constructively Own Capital Stock that would result in the Corporation being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail to
qualify as a REIT; and (iv) any Transfer of shares of Capital Stock that, if effective would result in the Capital Stock being beneficially owned by less than 100 persons (as determined under the principles of Section 856(a)(5) of the
Code) shall be void ab initio, and the intended transferee shall acquire no rights in such shares of the Capital Stock. Any Person who Beneficially Owns or Constructively Owns or attempts to Beneficially Own or Constructively Own shares of Capital
Stock which causes or will cause a Person to Beneficially Own or Constructively Own shares of Capital Stock in excess or in violation of the above limitations must immediately notify the Corporation. If any of the restrictions on transfer or
ownership as set forth in (i) through (iii) above are violated, the shares of Capital Stock in excess or in violation of the above limitations will be automatically transferred to a Trustee of a Trust for the benefit of one or more
Charitable Beneficiaries. In addition, the Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other event may
violate the restrictions described above. Furthermore, upon the occurrence of certain events, attempted Transfers in violation of the restrictions described in (i) through (iii) above may be void ab initio. 

Subject to certain further restrictions and except as expressly provided in the Charter, including the Articles
Supplementary establishing the Series A Preferred Stock, no Person may Beneficially Own or Constructively Own shares of Series A Preferred Stock in excess of 9.8 percent (in value or number of shares, whichever is more restrictive) of the
outstanding shares of Series A Preferred Stock unless such Person is a Series A Excepted Holder (in which case the Series A Excepted Holder Limit shall be applicable). Any Person who Beneficially Owns or Constructively Owns or attempts to
Beneficially Own or Constructively Own shares of Series A Preferred Stock which causes or will cause a Person to Beneficially Own or Constructively Own shares of Series A Preferred Stock in excess or in violation of the above limitation must
immediately notify the Corporation or, in the case of such a proposed or attempted transaction, give at least 15 days prior written notice. If the restriction on transfer or ownership as set forth above is violated, the shares of Series A Preferred
Stock in excess or in violation of the above limitation will be automatically transferred to a Series A Trustee of a Series A Trust for the benefit of one or more Series A Charitable Beneficiaries. In addition, the Corporation may redeem shares upon
the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other event may violate the restriction described above. Furthermore, upon the occurrence of
certain events, attempted Transfers in violation of the restriction described above may be void ab initio. Unless otherwise defined herein, all capitalized terms in this legend have the meanings defined in the Charter, as the same may be amended
from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of Capital Stock on request and without charge. Requests for such a copy may be directed to the Secretary of the Corporation
at its principal office. 
 The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM - as tenants in common 
 TEN ENT - as
tenants by entireties 
 JT TEN - as joint tenants with right of survivorship and not as tenants in common

 UNIF GIFT MIN ACT - Custodian 
 (Cust) (Minor) under Uniform Transfers to Minors 

Act 
 (State) 
 Additional abbreviations may also be used
though not in above list. 
 For value received, hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE) 

Shares 
 of the 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share, of the Corporation represented by the within Certificate, and do hereby irrevocably
constitute and appoint attorney 
 to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises. 
 Dated 

X 
 X 
 NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT
MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. 
 SIGNATURE(S) GUARANTEED 
 THE SIGNATURES MUST BE
GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15

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