Document:

Unassociated Document

    Exhibit
      10.2

     

    

     

    FOSTER
      WHEELER LTD. OMNIBUS INCENTIVE PLAN

     

    Notice
      of Stock Option Grant

     

    [Participant
      Information]

     

    Pursuant
      to the attached Option Agreement, you have been granted a nonqualified stock
      option to purchase shares of common stock, $.01 par value per share (a “Share”),
      of Foster Wheeler Ltd., a Bermuda company (the “Company”) as
      follows:

     

    
      	
              Board
                Approval Date: 

               

            	
              June
                14, 2006

               

            
	
              Date
                of Grant:

               

            	
              June
                16, 2006

               

            
	
              Exercise
                Price Per Share:

               

            	
              $________
                per Common Share

               

            
	
              Total
                Number of Shares Subject to this Option:

               

            	
              ________________
                shares of common stock

               

            
	
              Total
                Exercise Price:

               

            	
              $__________________

               

            
	
              Type
                of Option:

               

            	
              Nonstatutory
                Stock Option

               

            
	
              Expiration
                Date:

               

            	
              September
                30, 2010

               

            
	
              Vesting
                Commencement Date: 

               

            	
              June
                16, 2006

               

            
	
              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
                September 30, 2006.

               

            
	
              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.
                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.

               

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    By
      your
      signature and the signature of the Company’s representative below, you and the
      Company agree that this Option is granted under and governed by the terms and
      conditions of the Foster Wheeler Ltd. Omnibus Incentive Plan and the Stock
      Option Agreement, both of which are attached and made a part of this
      document.

     

    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 Vesting Commencement
      Date, and that nothing in this Notice or the attached documents 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.

    
      	 	 	
              FOSTER
                WHEELER LTD.

            
	 	 	 
	 	 	 
	
              Participant

            	 	
              By:

            	 
	 	 	 	 
	 	 	
              Its:

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    FOSTER
      WHEELER LTD. OMNIBUS INCENTIVE PLAN

     

    Director’s
      Stock Option Agreement

     

    1. Grant
      of Option.
      Foster
      Wheeler Ltd., a Bermuda company (the “Company”), hereby grants to
      ___________________ (“Optionee”), an option (the “Option”) to purchase the total
      number of shares of common stock (the “Shares”) subject to the Option, set forth
      in the Notice of Stock Option Grant (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 Ltd. Omnibus Incentive Plan
      (the “Plan”) adopted by the Company, which is incorporated in this Agreement by
      reference. Unless otherwise defined in this Agreement, the terms used in this
      Agreement 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 Section 2(ww) of the Plan. This Stock Option Agreement shall be
      deemed executed by the Company and Optionee upon execution by such parties
      of
      the Notice.

     

    2. Designation
      of Option.
      This
      Option is intended to be a Nonstatutory 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 6 of the Plan as follows:

     

    (a) Right
      to Exercise.

     

    (i) This
      Option may not be exercised for a fraction of a share of common
      stock.

     

    (ii) In
      the
      event of Optionee’s death, Disability (as defined in Section 2(q) of the Plan)
      or other termination of employment or 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 the information described in Exhibit A hereto, 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.

     

    (ii) As
      a
      condition to the exercise of this Option and as further set forth in Article
      20
      of the Plan, Optionee agrees to make adequate provision for federal, state
      or
      other tax withholding obligations, if any, which arise upon the vesting or
      exercise of the Option, or disposition of Shares, whether by withholding, direct
      payment to the Company, or otherwise. If Optionee fails to satisfy such
      obligations in this regard, the Company may require that the Shares otherwise
      scheduled to become vested on any given date be forfeited.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (iii) The
      Company is not obligated, and will have no liability for failure, to issue
      or
      deliver or repurchase any Shares upon exercise of the Option unless such
      issuance or delivery or repurchase would comply with the Applicable Laws (as
      defined in Section 2(c) of the Plan), 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

     

    (E) its
      compliance with the restrictions of Code Section 409A to the extent applicable,
      including any final 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
      check; or

     

    (b) be
      tendering (either by actual delivery or attestation) to the Company for
      repurchase previously acquired Shares having an aggregate Fair Market Value
      at
      the time of exercise equal to the Exercise Price together with an assignment
      of
      the proceeds of the Share repurchase to pay the Exercise Price (provided,
      however, that such Shares tendered must have been held by the Optionee for
      at
      least six (6) months prior to their tender if acquired under this Plan or any
      other compensation plan maintained by the Company or such Shares must have
      been
      purchased on the open market and be subject to the Companies Act of 1981 of
      Bermuda) prior to their tender; 

     

    (c) through
      a
      same-day sale/cashless brokered exercise program, delivery of a properly
      executed exercise notice together with irrevocable instructions to a broker
      acceptable to the Company to execute such instructions, in such form and manner
      as the Company may from time to time require; or 

     

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

     

    5. Termination
      of Relationship; Vesting Acceleration on Certain Events.
      Following the date of the Optionee’s termination of employment or service for
      any reason (the “Termination Date”), Optionee may exercise the Option only as
      set forth in the Notice and this Section 5. 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 Expiration Date of the
      Option as set forth in the Notice, 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 (as defined in Section 2(q) of the Plan), 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
      Expiration Date. 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 (as defined in Section 2(i)
      of the Plan), 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 (as defined in Section 2(q) of the Plan) or Cause
      (as defined in Section 2(i) of the Plan), 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 May 1,
      2006
      to the end of the month immediately preceding the month in which the Termination
      Date occurs, and the denominator of which is five (5). 

     

    (d) Change
      in Control Acceleration.
      In the
      event of a Change in Control (as defined in Section 2(j) of the Plan) which
      closes on a date prior to an Optionee’s termination of service, any unvested
      Shares under the Option shall immediately become fully vested and exercisable
      and all remaining Shares subject to the Option shall remain exercisable through
      their Expiration Date, effective as of immediately prior to consummation of
      the
      Change in Control. Notwithstanding the foregoing, to the extent that a service,
      change in control or other agreement or arrangement with the Company or an
      Affiliate provides benefits of greater value upon a Change in Control that
      those
      provided in this paragraph (e), the rights set forth in such other agreement
      shall supersede the provisions of this paragraph (e). Comparatively, to the
      extent that a service, change in control or other agreement or arrangement
      with
      the Company or an Affiliate provides benefits of lesser value upon a Change
      in
      Control that those provided in this paragraph (e), the rights set forth in
      this
      paragraph (e) shall supersede the provisions of such other
      agreement.

     

    (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 Prior Agreement(s) to Option.
      As an
      express condition to acceptance of this Option, you agree that the only vesting
      and exercisability provisions to govern the Option are as set forth in the
      Notice of Option Grant and Sections 3 and 5 of this Agreement. Subject to
      Section 5(e) immediately above (which governs a Change in Control situation),
      you agree that you will not be entitled to any additional vesting or right
      to
      exercise under any service, change in control or other agreement or arrangement,
      written or unwritten, to which you are a party with the Company.

     

    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 may:

     

    (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
      shares of common stock 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 shares of common stock of the Company effected
      without the receipt of consideration by the Company; and 

     

    (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. 

     

    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
      right, title and interest to this Option; 

     

    (b) any
      Shares subject to the Option then owned by the Optionee; and 

     

    (c) any
      net
      proceeds received by the Optionee pursuant to any sales or transfer of any
      Shares previously subject to the Options within the six (6) month period prior
      to such date of such Forfeiture Event. 

     

    Additionally,
      the Company shall have the right to issue a stop transfer order and other
      appropriate instructions to its transfer agent 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.

     

    10. 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 nonstatutory 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 you exercise the Option. You 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. You are obligated
      as
      a condition of exercise of this Option to satisfy any applicable withholding
      obligations that apply thereto.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    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
      Agreement, the Plan terms and provisions shall prevail. This Option Agreement
      and the Plan constitute the entire agreement between Optionee and the Company
      on
      the subject matter hereof and supersedes all proposals, written or oral, and
      all
      other communications between the parties relating to such subject
      matter.

     

    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. Provisions
      Applicable to Non-US Persons.
      This
      Section 13 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 this Option
      and during the period in which you hold this Option or the Shares issued
      pursuant thereto:

     

    (a) 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 paragraph (a). 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 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, 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 it 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, that the Optionee may
      affect his or her ability to participate in the Plan.

     

    (b) Service
      Matters.
      The
      award of this Option does not form part of your entitlement to remuneration
      or
      benefits in terms of your services to the Company. Your 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 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 (as defined in
      Section 2(i) of the Plan), 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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (c) Tax
      Matters.

     

    (i) 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 Option, vesting of the Shares or the exercise of
      the
      Option.

     

    (ii) 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: 

     

    (A) deduction
      from salary or other payments due to you; or 

     

    (B) withholding
      the issue to you of that number of Shares (otherwise to be acquired by you
      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.

     

    If
      the
      Participant is unable to satisfy his or her Tax Liability pursuant to either
      clause (A) or clause (B) 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 the Participant. 

     

    14. 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.

     

    15. 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.

     

    16. Representations.
      As a
      condition to your receipt of this Option, 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 Option; 

     

    (b) You
      are
      acquiring the Option 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 (as defined in Section 2(c) of the
      Plan); 

     

    (c) You
      understand 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 your investment intent as set forth
      above; 

     

    (d) You
      further understand that prior to any resale by you of the Shares acquired upon
      exercise of this Option 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 exercise of this Option, the Company may
      require you to furnish contemporaneously dated representations similar to those
      set forth in this Section 16.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    EXHIBIT
      A

     

    FOSTER
      WHEELER LTD. OMNIBUS INCENTIVE PLAN

    Director’s
      Notice of Exercise

     

    
      	To:	
              Foster
                Wheeler Ltd.

            

    

    
      	Attn:	
              Stock
                Option Administrator

            

    

    
      	Subject:	
              Notice
                of Intention to Exercise Stock
                Option

            

    

     

    This
      is
      official notice that the undersigned (“Optionee”) intends to exercise Optionee’s
      option to purchase _________ Common Shares of Foster Wheeler Ltd., under and
      pursuant to the Company’s Omnibus Incentive Plan and the Option Agreement dated
      ____________:

     

    
      	
              Date
                of Purchase: 

               

            	 
	
              Number
                of Shares: 

               

            	 
	
              Exercise
                Price:

               

            	 
	
              Method
                of Payment of Purchase Price:

               

            	 
	
              Social
                Security Number:

               

            	 

    

     

    The
      Shares should be issued as follows:

     

    
      	
              Name:

               

            	 
	
              Address:

               

            	 
	
              Signed:
                

               

            	 
	
              Date:Exhibit
        4.1 

       

      
        	
                NUMBER

              	
                 

              	
                 

              	
                 

              	
                SHARES

              
	
                ***

              	
                 

              	
                 

              	
                 

              	
                ***

              

      

      

      Organized
        Under the Laws of the State of Michigan

      

      City
        Central Bancorp, Inc.

       

      Voting
        Common Stock 

       

      Authorized
        60,000                         Par
        Value $0.01

      

      This
        Certifies
        that                        is
        the registered holder
        of                        shares
        of the fully paid and nonassessable Common Stock of City Central Bancorp,
        Inc.
        transferable only on the books of the Corporation by the holder hereof in
        person
        or by Attorney upon surrender of this Certificate properly endorsed.

      

      In
        Witness Whereof, the said Corporation has caused this Certificate to be signed
        by its duly authorized officers and its Corporate Seal to be hereunto affixed
        this        day of
                        A.D.            

      
        	 	
                 

              	 
	
                President

              	
                 

              	
                Secretary

              

      

      

      [SEAL]
        

      

      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

              	
                 

              	
                UNIF
                  GIFT MIN ACT—

              	
                 

              	
                Custodian

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

                
                  

                

                (Cust)

              	
                 

              	
                 

                
                  

                

                 (Minor)

              
	
                TEN
                  ENT

              	
                 

              	
                —

              	
                 

              	
                as
                  tenants by the entireties

              	
                 

              	
                 

              	
                under
                  Uniform Gifts to Minors

              
	
                 

                JT
                  TEN

              	
                 

                 

              	
                 

                —

              	
                 

                 

              	
                 

                as
                  joint tenants with right of survivorship and not as tenants in
                  common

              	
                 

                 

              	
                 

                 

              	
                 

                Act

              	
                 

                
                  
 (State)

              

      

      

              Additional
        abbreviations may also be used though not in the 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
        represented by the within Certificate, and do hereby irrevocably constitute
        and
        appoint Attorney to transfer the said shares on the books of the within-named
        Corporation with full power of substitution in the premises.

       

      
        	
                Dated,

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	 	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	 
	
                In
                  presence of

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]