Document:

Emplyment Agreement - John T. Dalton

 Exhibit 10.34 
 

 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of November, 2006, between Willbros USA, Inc., a
Delaware corporation (the “Corporation”), and John T. Dalton (the “Executive”). 
 RECITALS 

WHEREAS, the Executive is currently Senior Vice President and General Counsel of the Corporation and its parent, Willbros Group, Inc., a Republic of
Panama corporation (“WGI”); and 
 WHEREAS, the Executive has substantial legal and management experience in the engineering and
construction industry in both domestic and international environments; and 
 WHEREAS, the Executive has agreed to forego other business
opportunities and to stay on with the Corporation and WGI in such capacities; 
 NOW THEREFORE, in consideration of the mutual covenants and
representations contained herein, and the mutual benefits derived herefrom, the parties agree as follows: 
 ARTICLE I

 FULL-TIME EMPLOYMENT OF EXECUTIVE 
 1.1 DUTIES AND STATUS. 
 (a) The Corporation hereby engages the Executive as a full-time executive
employee for the period specified in Section 4.1 below (the “Employment Period”), and the Executive accepts such employment, on the terms and conditions set forth in this Agreement. 
 (b) The Executive shall serve as Senior Vice President and General Counsel of the Corporation and WGI. He shall report to the Chief Executive Officer of
the Corporation and WGI, but to no other person or body. 
 (c) In addition to the Executive’s performance of his day to day executive
and operating responsibilities referred to in Section 1.1(b) above, the Executive shall work diligently and closely with the Chief Executive Officer during the Employment Period to further develop, refine, and implement WGI’s strategic
plan consistent with the annual budget(s) and other objectives approved by the Board of Directors of WGI (the “Board”). 
 (d)
Throughout the Employment Period, the Executive shall devote substantially all his full time and efforts to the business of the Corporation and WGI and will not engage in consulting work or any trade or business for his own account or for or on
behalf of any other person, firm or corporation which competes, conflicts or interferes with the performance of his duties under this Agreement in any way. 

 (e) Except for reasonable business travel, the Executive shall be required to perform the services and
duties provided for in this Section 1.1 only at the principal offices of the Corporation in the Houston, Texas, metropolitan area. Throughout the Employment Period, the Executive shall be entitled to vacation and leave for illness or temporary
disability in accordance with the Corporation’s policies for its senior executive officers. 
 1.2 COMPENSATION AND GENERAL
BENEFITS. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive shall be compensated as follows:

 (a) Beginning November 1, 2006, throughout the Employment Period the Corporation shall pay the Executive a base salary of three
hundred seventy five thousand dollars ($375,000) per year. The Executive will be eligible for increases in such base salary during the Employment Period based on merit and commensurate with increases made in the base salary of other executive
officers. Such salary shall be payable in periodic equal installments pursuant to the Corporation’s executive payroll system. 
 (b)
Throughout the Employment Period, the Executive shall be entitled to participate in such retirement, bonus, disability, life, sickness, accident, dental, medical and health benefits and other employee benefit programs, plans and arrangements of the
Corporation which are in effect immediately prior to the date of this Agreement, and in any successor or additional employee benefit programs, plans or arrangements which may be established by the Corporation, as and to the extent any such employee
benefit programs, plans and arrangements are or may from time to time be in effect. 
 1.3 BONUS. The Executive shall be eligible for
bonus consideration annually at the sole discretion of the Board. The maximum annual bonus for which the Executive is eligible is an amount equal to his base salary. The Board, in considering the bonus, if any, payable to the Executive for a year
shall consider the financial performance of the Corporation, the individual performance of the Executive and the bonuses, if any, awarded to other executive officers of the Corporation, as well as any other matters the Board deems it appropriate to
consider in making its determinations. 
 1.4 RESTRICTED STOCK AWARD. In consideration of the Executive foregoing other business
opportunities and agreeing to stay on with the Corporation and WGI to perform the services described in this Agreement, the Executive will continue to be eligible consistent with his peers and his performance to receive awards of shares of common
stock, par value $.05 per share (“common stock”), of WGI (“restricted stock shares”) from time to time, at the sole discretion of the Compensation Committee of the Board, under the WGI 1996 Stock Plan. 
 1.5 GRANT OF STOCK OPTIONS. In consideration of the Executive foregoing other business opportunities and agreeing to stay on with the Corporation
and WGI and to perform the services described in this Agreement, the Executive will continue to be eligible 

  

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consistent with his peers and his performance to receive stock option awards to purchase shares of common stock of WGI (“stock option awards”) from
time to time, at the sole discretion of the Compensation Committee of the Board, under the WGI 1996 Stock Plan. 
 1.6 GROSS-UP
PAYMENT. Notwithstanding anything to the contrary in this Agreement, if any of the payments or benefits which the Executive has the right to receive from the Corporation (the “Payments”) are later determined to be subject to the tax
imposed by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties with respect to such tax (such tax, together with any such interest or penalties, are hereinafter collectively
referred to as the “409A Tax”), the Corporation shall pay to the Executive an additional payment (a “Gross-up Payment”) in an amount such that after payment by the Executive of all taxes (including any interest or penalties
imposed with respect to such taxes), including any income tax imposed on any Gross-up Payment, the Executive retains an amount of the Gross-up Payment equal to the 409A Tax imposed upon the Payments. The Compensation Committee of the Board shall
make an initial determination as to whether a Gross-up Payment is required and the amount of any such Gross-up Payment. The Executive shall notify the Corporation immediately in writing of any claim by the Internal Revenue Service which, if
successful, would require the Corporation to make a Gross-up Payment (or a Gross-up Payment in excess of that, if any, initially determined by the Compensation Committee of the Board) within five days of the receipt of such claim. The Corporation
shall notify the Executive in writing at least five days prior to the due date of any response required with respect to such claim if it plans to contest the claim. If the Corporation decides to contest such claim, then the Executive shall cooperate
fully with the Corporation in such action; provided, however, the Corporation shall bear and pay all costs and expenses (including additional interest and penalties) incurred in connection with such action and shall indemnify and hold the Executive
harmless, on an after-tax basis, for any 409A Tax or income tax, including interest and penalties with respect thereto, imposed as a result of the Corporation’s action. If, as a result of the Corporation’s action with respect to a claim,
the Executive receives a refund of any amount paid by the Corporation with respect to such claim, then the Executive shall promptly pay such refund to the Corporation. If the Corporation fails to timely notify the Executive whether it will contest
such claim or the Corporation determines not to contest such claim, then the Corporation shall immediately pay to the Executive the portion of such claim, if any, which it has not previously paid to the Executive. 
 ARTICLE II 
 COMPETITION
AND CONFIDENTIAL INFORMATION 
 2.1 COMPETITION AND CONFIDENTIAL INFORMATION. The Executive and the Corporation recognize
that, due to the nature of his prior association with the Corporation and WGI and of his engagements hereunder, and the relationship of the Executive to the Corporation and WGI, both in the past as an executive and in the future hereunder, the
Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in developing, confidential and proprietary information relating to the business and operations of the Corporation, WGI, and their
affiliates, including but not limited to, information with respect to present and prospective business plans, financing arrangements, marketing projections, customer lists, contracts and proposals. 
  

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 The Executive acknowledges that such information has been and will continue to be of central importance
to the business of the Corporation, WGI, and their affiliates and that disclosure or use by others could cause substantial loss to the Corporation, WGI, and their affiliates. The Executive and the Corporation also recognize that an important part of
the Executive’s duties will be to develop goodwill for the Corporation, WGI, and their affiliates through his personal contact with vendors, customers, subcontractors, and others sharing business relationships with the Corporation, WGI, and
their affiliates, and that there is a danger that this goodwill, a proprietary asset of the Corporation, WGI and their affiliates, may follow the Executive if and when his employment relationship with the Corporation is terminated. 
 The Executive accordingly agrees that, during the Employment Period, the Executive will not either individually or as owner, partner, agent, employee, or
consultant engage in any activity competitive with the onshore and offshore pipeline, engineering and construction businesses of the Corporation, WGI, or any of their affiliates or with any other lines of material business activity of the
Corporation, WGI, or any of their affiliates that commence during the Employment Period, and will not directly or indirectly solicit any employee to leave the employment of the Corporation, WGI, or any of their affiliates. 
 Nothing in this Article II shall be construed to prevent the Executive from owning, as an investment, not more than one percent (1%) of a class of
equity securities issued by any issuer and publicly traded and registered under Section 12 of the Securities Exchange Act of 1934. 
 2.2 NON-DISCLOSURE. At all times after the date of this Agreement, the Executive will keep confidential any confidential or proprietary information of the Corporation, WGI, and their affiliates which is now known to him or which
hereafter may become known to him as a result of his employment or association with the Corporation, WGI, and their affiliates and shall not at any time directly or indirectly disclose any such information to any person, firm or corporation, or use
the same in any way other than in connection with the business of the Corporation, WGI, and their affiliates. For purposes of this Agreement, “confidential or proprietary information” means information unique to the Corporation, WGI, and
their affiliates which has a significant business purpose and is not known or generally available from sources outside the Corporation, WGI and their affiliates or typical of industry practice. This Section 2.2 shall survive the termination of
this Agreement. 
 ARTICLE III 
 [Intentionally Omitted] 
  

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 ARTICLE IV 
 EMPLOYMENT PERIOD 
 4.1 DURATION. The Employment Period shall commence on
November 1, 2006 and shall terminate on October 31, 2011. 
 4.2 EARLY TERMINATION. This Agreement shall be terminated prior
to the end of the Employment Period for the following reasons or upon the occurrence of the following events: 
 (a) Termination of this
Agreement by the Corporation without cause or through constructive discharge, as described in Section 4.4(a) below; 
 (b) Discharge of
the Executive for cause, as described in Section 4.4(b) below; 
 (c) Death of the Executive; 
 (d) Total disability of the Executive, as described in Section 4.4(c) below; 
 (e) Voluntary resignation of the Executive; or 
 (f) “Change in Control” as that term is defined in the Willbros Group, Inc. Severance Plan as Amended and Restated Effective September 25, 2003, or as it may be amended and/or extended hereafter (the “Severance
Plan”); provided, however, that any event, transaction, or series of events or transactions that would constitute a Change in Control under such definition and which relates to, results from or constitutes a part of the insolvency of, or a
bankruptcy, bankruptcy reorganization, or receivership of the Corporation or WGI shall not constitute a Change in Control or otherwise operate to trigger the obligation to pay amounts otherwise payable upon the early termination of this Agreement.

 4.3 COMPENSATION AND/OR BENEFITS FOLLOWING EARLY TERMINATION. 
 (a) In the event of an early termination of this Agreement due to the Corporation’s involuntary termination of the Executive’s employment
without cause, or due to a constructive discharge of the Executive, or due to a Change in Control, the Corporation shall pay to the Executive and provide him with the following: 
 (i) Subject to Section 4.3(h) below, during the remainder of the Employment Period, the Corporation shall continue to pay the Executive his base
salary at the rate specified in Section 1.2(a) above, 
 (ii) Subject to Section 4.3(h) below, during the remainder of the
Employment Period, the Executive shall, to the extent legally permissible, continue to be 

  

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entitled to all benefits and benefit payment options under all of the employee benefit programs, plans or arrangements of the Corporation described in
Section 1.2(b) above as if he were still employed during such period under this Agreement, and which have accrued as of the time of the termination of this Agreement under the WGI 1996 Stock Plan, and 
 (iii) A cash bonus in an amount determined as if the Corporation and the Executive had exceeded the performance goals, if any, set forth by the Board for
the Executive to receive the maximum cash bonus for which the Executive is eligible under Section 1.3 above for each of the uncompleted years remaining in the Employment Period at the time of the termination of this Agreement which cash bonus
shall be payable as provided in Section 4.3(h) below. 
 (b) In the event of an early termination of this Agreement because of the
voluntary resignation of the Executive or termination of the Executive’s employment for cause, the Executive will receive his base salary through the date of such voluntary resignation or termination of the Executive’s employment for
cause, the Executive shall receive no cash bonuses under Section 1.3 above for any years remaining in the Employment Period which have not ended as of the date of such voluntary resignation or termination of the Executive’s employment for
cause, and the Executive and his dependents and beneficiaries will receive, subject to Section 4.3(h) below, such benefits as they may be entitled under the terms of the WGI 1996 Stock Plan and the employee benefit programs, plans and
arrangements of the Corporation described in Section 1.2(b) above which provide benefits upon retirement, resignation or discharge for cause, as the case may be. 
 (c) In the event of an early termination of this Agreement because of the death of the Executive, the Executive’s dependents, beneficiaries and estate, as the case may be, will be entitled to and shall receive
(i) the Executive’s base salary at the rate specified in Section 1.2(a) above through the date of the Executive’s death, (ii) an amount in cash determined as if the Corporation and the Executive had met or exceeded the
performance goals, if any, set forth by the Board for the Executive to receive the maximum cash bonus for which the Executive is eligible under Section 1.3 above for the year in which the Executive’s death occurs payable within three
months after the date of the Executive’s death, but no other amounts in respect of the potential cash bonuses established by the Board, and (iii) such survivor and other benefits, including but not limited to health care continuation
benefits, as they may be entitled under the terms of the employee benefit programs, plans and arrangements described in Section 1.2(b) above which provide benefits upon the death of the Executive and under the WGI 1996 Stock Plan. 

(d) In the event of an early termination of this Agreement because of the total disability of the Executive, the Executive, and his dependents,
beneficiaries and estate, as the case may be, will be entitled to and shall receive (i) the Executive’s base salary at the rate specified in Section 1.2(a) above through the date of the Executive’s termination of employment with
the Corporation, (ii) an amount in cash determined as if the Corporation and the Executive had met or exceeded the performance goals, if any, set forth by the Board for the Executive to receive the maximum cash bonus for which the Executive is
eligible under Section 1.3 above for the year in which the Executive’s termination of employment with the 

  

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Corporation occurs payable as provided in Section 4.3(h) below, but no other amounts in respect of the potential cash bonuses established by the Board,
and (iii) subject to Section 4.3(h) below, such benefits, including but not limited to health care continuation benefits, as they may be entitled under the terms of the employee benefit programs, plans and arrangements described in
Section 1.2(b) above which provide benefits upon total disability of the Executive and under the WGI 1996 Stock Plan. 
 (e) The early
termination of this Agreement as described in Section 4.2 above shall not preclude the Executive’s participation in such benefits as may be available to him under the Severance Plan, if any; provided, however, the value of any compensation
and/or benefits payable under the Severance Plan shall not be duplicative of amounts paid under this Agreement, and such amounts payable under the Severance Plan shall be offset against the value of any compensation or benefits payable to the
Executive under this Agreement, and vice versa. 
 (f) The Executive shall not be required to mitigate the amount of any payment provided for
in this Section 4.3 by seeking employment or otherwise, nor shall the amount of any payment provided for in this Section 4.3 be reduced by any compensation or remuneration earned by the Executive as the result of employment with another
employer, or self-employment, or as a partner, after the date of termination or otherwise. 
 (g) Although Executive shall be entitled to all
rights which have accrued under the WGI 1996 Stock Plan and any outstanding awards granted to him thereunder as of the time of the termination of this Agreement, Executive shall not be entitled to any additional restricted stock shares and/or stock
option awards that have not yet been awarded pursuant to Section 1.4 and/or Section 1.5 above at the time of the termination of this Agreement. 
 (h) Amounts payable to the Executive after his termination of employment with the Corporation under Sections 4.3(a)(i), 4.3(a)(ii), 4.3(a)(iii), 4.3(b) and 4.3(d) above shall be made or shall commence within the
thirty day period following the six month anniversary of the Executive’s termination of employment with the Corporation, unless applicable law allows such amounts to be paid to the Executive or commence earlier, in which event, the earlier
distribution or commencement date shall apply. For this purpose whether there has been a termination of employment shall be determined under rules set forth in Section 409A of the Code and United States Treasury Regulations
thereunder. The first of the Executive’s payments or benefits under Section 4.3(a)(i), 4.3(a)(ii), 4.3(b) or 4.3(d) above shall include the amounts or benefits the Executive would have received from and after his termination of
employment with the Corporation but for the requirements of the first sentence of this Section 4.3(h). 
 4.4 DEFINITIONS. The
following words shall have the specified meanings when used in the Sections specified: 
 (a) In Section 4.2(a) above, the term
“termination” means termination (i) by the Corporation of employment of the Executive with the Corporation for any reason other than death or total disability of the Executive, or for cause, or (ii) by resignation of the 

  

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Executive due to a significant change in the nature or scope of his authorities or duties from those contemplated in Section 1.1 above, a reduction in
total compensation from that provided in Section 1.2 above, or the breach by the Corporation of any other provision of this Agreement. 
 (b) In Sections 4.2(b), 4.3(a) and 4.3(b) above, the term “cause” means substantial non-performance of his job responsibilities after the Executive has been provided written notice of such nonperformance and a reasonable time
period, not to exceed three months, has passed without substantial correction of such nonperformance, or the Executive engaging in conduct such that a reasonable person would view the same as compromising the moral and/or ethical principles of the
Corporation, the Executive’s conviction for a felony, proven or admitted fraud, misappropriation, theft or embezzlement by the Executive, the Executive’s inebriation or use of illegal drugs in the course of, related to or connected with
the business of the Company or any of its Subsidiaries, or the Executive’s engaging in misconduct that is materially injurious to the Company or any of its Subsidiaries, monetarily or otherwise, or the breach by the Executive of his obligations
under Sections 2.1 and 2.2 above, or, at the discretion of the Board, the Executive’s indictment for a crime in connection with his services before the date of this Agreement as an employee for any employer. 
 (c) In Sections 4.2(d) and 4.3(d) above, the term “total disability” means a physical or mental condition which causes the Executive to be
unable to perform substantially all of the duties of his position hereunder for a period of six (6) months or more as determined by WGI’s Board of Directors. 
 ARTICLE V 
 NOTICES 
 5.1 NOTICES. Any notices requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and if sent by
registered or certified mail to the Executive at the last address he has filed in writing with the Corporation or, in the case of the Corporation, at its principal offices. 
 ARTICLE VI 
 MISCELLANEOUS 
 6.1 ENTIRE AGREEMENT. This Agreement constitutes the entire understanding of the Executive and the Corporation with respect to the subject matter
hereof and supersedes any and all prior understandings on the subjects contained herein, written or oral, and all amendments thereto, save and except for the continuing applicability and participation of the Executive in the Severance Plan and the
employee benefit plans and arrangements described in Section 1.2(b) above, and the applicability of the terms and provisions of the WGI 1996 Stock Plan, and the Restricted Stock Award Agreements and Stock Option Agreements related to the award
of restricted stock shares and grant of stock options, respectively, to the Executive; provided, however, this Agreement shall not diminish or otherwise alter the inherent power and authority of the Board to amend, terminate, or otherwise later
modify the Severance Plan and/or other employee benefit plans or arrangements available to any employee or group of employees as described in this Section 6.1. 
  

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 6.2 MODIFICATION. Except as provided in the following two sentences, this Agreement shall not be
varied, altered, modified, canceled, changed, or in any way amended, nor any provision hereof waived, except by mutual agreement of the parties in a written instrument executed by the parties hereto or their legal representatives. Nothing in this
Agreement shall affect the Corporation’s and its affiliates’ rights to amend or terminate any of their employee benefit plans, as permitted under applicable law and the respective terms of such plans. The parties agree to further amend
this Agreement in the event that an amendment is necessary or desirable to address the requirements of Section 409A of the Code. 
 6.3
SEVERABILITY. In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full
force and effect, provided, that if the unenforceability of any provision is because of the breadth of its scope, the duration of such provision or the geographical area covered thereby, the parties agree that such provision shall be amended, as
determined by the court, so as to reduce the breadth of the scope or the duration and/or geographical area of such provision such that, in its reduced form, said provision shall then be enforceable. 
 6.4 GOVERNING LAW. The provisions of this Agreement shall be construed and enforced in accordance with the laws of the State of Texas, without
regard to any otherwise applicable principles of conflicts of laws. 
 IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement on the date first above written. 
  

			
	WILLBROS USA, INC.
		
	By:	 	/s/ DENNIS G. BERRYHILL
	Name:	 	Dennis G. Berryhill
	Its:	 	Vice President and Secretary
	
	EXECUTIVE
	
	/s/ JOHN T. DALTON
	Name: John T. Dalton

  

 9Separation Agreement - R. Clay Etheridge

 Exhibit 10.35 
 SEPARATION AGREEMENT AND RELEASE 
 THIS SEPARATION AGREEMENT AND RELEASE (this
“Agreement”) is made by and between WILLBROS USA, INC., a Delaware corporation (“Willbros”), and ROBERT CLAY ETHERIDGE (“Executive”) and shall
become effective on the eighth day following its execution by Executive and return to Willbros (“Effective Date”). 
 PURPOSE

 Willbros and Executive have reached a mutual agreement that Executive’s employment terminated on November 14, 2006 (the
“Termination Date”), pursuant to the terms of this Agreement. 
 TERMS 
 To achieve a final and amicable resolution of the employment relationship in all its aspects and in consideration of the mutual covenants and promises
herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Severance Payment. Executive is a participant in the Willbros Group, Inc. Severance Plan, as amended and restated effective September 25, 2003 (the “Severance Plan”). In accordance with the
terms of the Severance Plan, Willbros shall pay Executive an amount equal to Executive’s annual base salary of Three Hundred Fifty Thousand Dollars ($350,000) (the “Severance Plan Payment”). In addition, in recognition of
Executive’s past service to Willbros and in further consideration of the release contained herein, Willbros shall pay Executive an additional amount equal to One Hundred Seventy-Five Thousand Dollars ($175,000) (“the Additional Severance
Payment” and together with the Severance Plan Payment, the “Severance Payment”). The Severance Payment, less applicable withholding taxes, shall be paid to Executive within 60 business days of the Termination Date. 
 2. Vesting of Restricted Stock. Executive has been granted 27,000 shares of restricted stock under the Willbros Group, Inc. 1996 Stock Plan, as
amended (the “1996 Stock Plan”), the ownership of which has not yet vested in Executive pursuant to the terms of the Restricted Stock 

 
Award Agreements evidencing such grants. Willbros agrees that all of such shares of restricted stock granted to Executive shall vest in full as of the
Termination Date. Executive acknowledges that withholding taxes will be due on such shares when vested on the Termination Date. The Compensation Committee of the Board of Directors of Willbros Group, Inc. (“WGI”) has approved allowing
Executive to satisfy the withholding requirement, in whole or in part, by having WGI withhold shares of restricted stock having a Fair Market Value (as defined in the 1996 Stock Plan) on the date the tax is to be determined equal to the minimum
statutory total tax which could be withheld on the transaction. 
 3. Executive’s 2005 Bonus. Executive has been awarded a bonus
payable over time in the amount of Three Hundred Five Thousand Dollars ($305,000) for calendar year 2005, pursuant to the terms of that certain Key Employee Special Bonus Agreement dated as of March 14, 2006, between Willbros and Executive,
with Two Hundred Three Thousand Three Hundred Thirty-Three Dollars and Thirty-Four cents ($203,333.34), in the aggregate, payable in two future installments (March 14, 2007 and March 14, 2008) subject to various conditions including
continued employment. Executive shall be paid the remaining installments, including interest through the Termination Date in the amount of Thirteen Thousand Six Hundred Forty-Eight Dollars and Forty Cents ($13,648.40), less applicable withholding
taxes, within 60 business days of the Termination Date. 
 4. Out-Placement Services. Willbros shall provide, at its expense,
appropriate out-placement services to Executive, if desired, until March 15, 2007. 
 5. Group Health Coverage. Executive may be
eligible to continue coverage for himself and his covered dependents in the group health plan sponsored by Willbros pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 as amended (“COBRA”). Executive must comply with all
eligibility requirements for COBRA continuation. Except as specifically set forth herein, life insurance, disability and other employee benefits made available to Executive by Willbros ended on the Termination Date. 
 6. Other Benefits. Neither this Agreement nor the release contained herein shall waive Executive’s right to any accrued benefit under a
company plan in which he is a qualified participant, including but not limited to any benefits under a pension or retirement plan. 
  

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 7. Certification of Code of Business Conduct and Ethics for 2006. In accordance with WGI policy,
Executive shall acknowledge his compliance with the Willbros Group, Inc. Code of Business Conduct and Ethics dated December 16, 2003, and the WGI Foreign Corrupt Practices Act Compliance Policy [March 2005 Edition] by completing,
signing and returning to WGI on or prior to the date of Executive’s execution of this Agreement the annual certification of those WGI policies with respect to calendar year 2006. 
 8. Waiver of Reinstatement and Future Employment. Executive forever waives and relinquishes any right or claim to reinstatement to active
employment with Willbros, its affiliates, subsidiaries, divisions, and successors. 
 9. Release by Executive of Willbros. Except for
the obligations specifically set forth in this Agreement, Executive fully and forever relieves, releases, and discharges Willbros, its predecessors, successors, subsidiaries, operating units, affiliates, divisions, and the agents, representatives,
officers, directors, shareholders, employees and attorneys of each of the foregoing, from all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs, expenses, damages, actions, and causes of action whether in law or in
equity, whether known or unknown, suspected or unsuspected, arising from Executive’s employment with and termination from Willbros, including but not limited to any and all claims pursuant to Title VII of the Civil Rights Act of 1964, 42 U.S.C.
§ 2000e, et seq., as amended by the Civil Rights Act of 1991, which prohibits discrimination in employment based on race, color, national origin, religion or sex; the Civil Rights Act of 1866, 42 U.S.C.§§1981, 1983 and 1985,
which prohibits violations of civil rights; the Equal Pay Act of 1963, 29 U.S.C. § 206(d)(1), which prohibits unequal pay based upon gender; the Age Discrimination in Employment Act of 1967, as amended, and as further amended by the Older
Workers Benefit Protection Act, 29 U.S.C. § 621, et seq., which prohibits age discrimination in employment; the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §1001, et seq., which protects certain
employee benefits; the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. § 12101, et seq., which prohibits discrimination against the disabled; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601, et seq.,
which provides medical and family leave; the Fair Labor Standards Act, 29 U.S.C. § 201, et seq., including the Wage and Hour Laws relating to payment of wages; all federal, state and local laws and regulations which prohibit
discrimination in employment and which prohibit discharge in retaliation for exercising rights under applicable Workers’ Compensation statutes. This release also includes, but is not limited to, a release by 

  

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Executive of any claims for breach of contract, mental pain, suffering and anguish, emotional upset, impairment of economic opportunities, unlawful
interference with employment rights, defamation, intentional or negligent infliction of emotional distress, fraud, wrongful termination, wrongful discharge in violation of public policy, breach of any express or implied covenant of good faith and
fair dealing, that Willbros has dealt with Executive unfairly or in bad faith, and all other common law contract and tort claims. Executive is not waiving any rights or claims that may arise after this Agreement is signed by Executive. 

10. Non-Competition; Non-Solicitation Pledge. Section 3.4 of the Severance Plan provides that in consideration of the Severance Plan
Payment, Executive shall not compete with Willbros as set forth in such Section 3.4 for 12 months after the Termination Date. On the Effective Date, Willbros hereby waives the provisions of Section 3.4 of the Severance Plan as they may be
applicable to Executive; provided, however, for a period of one year following the Effective Date, Executive agrees, for his own interests or while acting on behalf of others, not to solicit, induce, or attempt to induce, any employee, contractor,
vendor, or customer of Willbros or its affiliates to terminate their relationship or cease doing business with Willbros or its affiliates. 
 11. Protection of Willbros’ Information. All records, files, and other data, including but not limited to, business plans, contracts, employee information, customer lists, pricing models, vendor data, and financial reports and
projections, relating to the businesses of Willbros and its affiliates, which Executive has used, prepared or come in contact with during his employment by Willbros are the sole property of Willbros and shall be treated as confidential
(“Confidential Information”). Executive agrees that he will not, directly or indirectly, disclose any Confidential Information to any third person, except pursuant to court order or as a result of valid government subpoena. In the case of
any such court-ordered or government compelled disclosure, Executive will provide Willbros with immediate written notice of the order or subpoena. 
 12. Non-disparagement of Willbros. Executive’s response to any inquiry concerning his employment termination shall be limited to a statement that his departure was mutually agreed upon between Executive and Willbros. Executive
will make no public statements or releases to the media disparaging the management of Willbros or its affiliates, or its or their respective business plans, forecasts, or financial condition. Nothing contained herein shall prevent Executive from
using any truthful, non-confidential information about Willbros and his employment in order to obtain employment. 
  

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 13. Continued Cooperation. Executive agrees to assist Willbros, its affiliates and their
respective attorneys (i) by reasonably cooperating, without any additional consideration, for a period of six months after the Termination Date, by answering reasonable inquiries that may arise concerning Nigeria in order to facilitate
WGI’s effort to sell its Nigeria operations and otherwise help the discontinued operation process that has been initiated by WGI; and (ii) in any litigation, claim, dispute, or governmental investigation brought by or against Willbros or
its affiliates as to which Executive may have knowledge of the facts and circumstances. Executive agrees to immediately notify Willbros upon receipt of any subpoena or deposition notice compelling his testimony related to matters arising out of his
employment with Willbros; and in this regard, Executive acknowledges and agrees to be represented by Willbros International, Inc.’s legal counsel with respect to testimony in the Olero litigation, of which he is aware. Subject to
Section 15, Willbros shall reimburse Executive for all reasonable expenses incurred in complying with this Section 13. 
 14.
Indemnification; Gross-up Payment. For the avoidance of doubt, nothing in this Agreement shall affect any of Executive’s rights or obligations with respect to (i) indemnification under that certain Indemnification Agreement between
WGI and Executive entered into effective January 19, 2005, or (ii) the director and officer liability insurance coverage to which Executive is entitled or subject to in his capacity as a former officer of Willbros, or a former officer or
director of certain WGI affiliates. If any of the payments or benefits which Executive has the right to receive from Willbros pursuant to this Agreement, other than the Severance Plan Payment set forth in Section 1 (the “Payments”),
are later determined to be subject to the tax imposed by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties with respect to such tax (such tax, together with any such interest or
penalties, are hereinafter collectively referred to as the “409A Tax”), Willbros shall pay to Executive an additional payment (a “Gross-up Payment”) in an amount such that after payment by Executive of all taxes (including any
interest or penalties imposed with respect to such taxes), including any income tax imposed on any Gross-up Payment, Executive retains an amount of the Gross-up Payment equal to the 409A Tax imposed upon the Payments. The Compensation Committee of
the Board of Directors of WGI shall make an initial determination as to whether a Gross-up Payment is required and the amount of any such 

  

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Gross-up Payment. Executive shall notify Willbros immediately in writing of any claim by the Internal Revenue Service which, if successful, would require
Willbros to make a Gross-up Payment (or a Gross-up Payment in excess of that, if any, initially determined by the Compensation Committee of the Board of Directors of WGI) within five days of the receipt of such claim. Willbros shall notify Executive
in writing at least five days prior to the due date of any response required with respect to such claim if it plans to contest the claim. If Willbros decides to contest such claim, then Executive shall cooperate fully with Willbros in such action;
provided, however, Willbros shall bear and pay all costs and expenses (including additional interest and penalties) incurred in connection with such action and shall indemnify and hold Executive harmless, on an after-tax basis, for any 409A Tax
or income tax, including interest and penalties with respect thereto, imposed as a result of Willbros’ action. If, as a result of Willbros’ action with respect to a claim, Executive receives a refund of any amount paid by Willbros with
respect to such claim, then Executive shall promptly pay such refund to Willbros. If Willbros fails to timely notify Executive whether it will contest such claim or Willbros determines not to contest such claim, then Willbros shall immediately pay
to Executive the portion of such claim, if any, which it has not previously paid to Executive. 
 15. Legal Defense Counsel and Related
Defense Costs. Subject to the conditions set forth herein, Willbros hereby confirms that it will continue to make available to Executive and bear the cost of legal counsel to assist Executive with Executive’s preparation for, and
appearance, at any interviews or testimony requested by the U.S. Securities and Exchange Commission (“SEC”) and/or the U.S. Department of Justice (“DOJ”) in connection with the investigation of Willbros and its affiliates
currently being conducted by those agencies (the “Investigation”). Willbros is providing such legal counsel at its own expense because (i) Executive was a former officer and employee of Willbros and certain of its affiliates during
the period under Investigation, (ii) it appears at the Termination Date that the SEC and DOJ may still be interested in interviewing Executive or obtaining Executive’s testimony in connection with the Investigation, and (iii) at the
Termination Date it appears to Willbros that Executive’s knowledge and actions under review by the SEC and the DOJ do not indicate that Executive engaged in self enrichment or otherwise acted improperly. 
 This undertaking by Willbros as described in this Section 15 is subject to change if it is later determined that Executive engaged in actions which
(i) were improper in the view of the SEC and/or the DOJ, or (ii) could have reasonably been expected by Executive to have been contrary to the best 

  

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interests of Willbros. Accordingly, this undertaking is not an irrevocable undertaking by Willbros to indemnify Executive in the future for all legal costs
or fines or penalties that Executive may incur in connection with the Investigation or legal proceedings related thereto. In general, those future determinations, if any, will be made on the basis of the terms of this undertaking, applicable law and
the relevant facts and circumstances established during the Investigation which relate to the matters for which Executive is then seeking indemnity. 
 For the reasons stated above, this undertaking shall not be deemed to be a waiver of any such rights or defenses in connection with such future indemnification determinations by Willbros in respect of Executive’s
particular status in the Investigation. If Willbros or its legal counsel at any time makes a determination denying Executive future indemnification, Willbros will immediately notify Executive in writing specifying in reasonable detail the reasons
supporting such a determination. 
 This undertaking by Willbros to make legal counsel available to Executive and to defray, at the
Termination Date, the costs and expenses incurred by Executive in connection with the Investigation has arisen, in part, due to Executive’s years of good and loyal service to Willbros. Accordingly, these amounts constitute expenses for a
business purpose and are not personal expenses. Payment of these amounts is not intended to be, and Willbros expressly stipulates that they are not, a “personal loan” under Section 402 of the Sarbanes-Oxley Act. 
 16. Acknowledgment. Executive acknowledges that among other rights which he is waiving by entering into this Agreement is the right to bring an
action pursuant to the Age Discrimination in Employment Act (“ADEA”) and similar state statutes. The following admonitions and rights have been negotiated by the parties in order to insure full compliance with the requirements of the ADEA
for a valid waiver of claim: 
 a) Executive has been advised to discuss the terms of this Agreement with an attorney before
signing. 
 b) Executive has been extended a period of 21 days within which to consider this Agreement. 
 c) For a period of seven (7) days following Executive’s execution of the Agreement, Executive may revoke the Agreement by
notifying Willbros, in writing, of his 

  

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desire to do so. After the seven (7) day period has elapsed, this Agreement shall become effective and enforceable. 
 d) All or part of the sums paid by Willbros hereunder is consideration to which Executive is not otherwise entitled under any Willbros
plan, program or prior agreement. 
 17. No Admission of Liability. This Agreement and compliance with this Agreement shall not be
construed as an admission by Willbros of any liability whatsoever, or as an admission by Willbros of any violation of the rights of Executive or any other person, or any violation of any order, law, statute, duty or contract. 
 18. Governing Law. This Agreement shall be governed, interpreted, and enforced by the laws of the State of Texas, excluding any conflicts of law
or other provision that would require reference to the laws of another jurisdiction, and the parties hereby agree to submit all disputes not amicably resolved to the exclusive jurisdiction of the federal or state courts located in Harris County,
Texas. 
 19. Entirety and Integration. Upon the execution hereof by all the parties, this Agreement shall constitute the entire
agreement of the parties relative to the subject matter hereof and supersedes all prior negotiations, understandings and/or agreements, if any, of the parties. No covenants, agreements, representations, or warranties of any kind whatsoever have been
made by any party hereto, except as specifically set forth in this Agreement. 
 20. Authorization. Each person signing this Agreement
as a party or on behalf of a party represents that he or she is duly authorized to sign this Agreement on such party’s behalf, and is executing this Agreement voluntarily, knowingly, and without any duress or coercion. 
  

									
	WILLBROS	 		 	EXECUTIVE
				
	By:	 	 /s/ DENNIS G. BERRYHILL
	 		 	/s/ ROBERT CLAY ETHERIDGE
		 	 Name: Dennis G. Berryhill
 Title: Vice President and
Secretary
 Date: November 30, 2006
	 		 	 Robert Clay Etheridge
 Date: November 30,
2006

  

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