EMPLOYEE MATTERS AGREEMENT among MCDERMOTT INTERNATIONAL, INC., MCDERMOTT INVESTMENTS LLC, THE BABCOCK & WILCOX COMPANY, and BABCOCK & WILCOX INVESTMENT COMPANY dated as of July 2, 2010Employee Matters Agreement • July 2nd, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • Texas
THIS EMPLOYEE MATTERS AGREEMENT dated as of July 2, 2010 among McDermott International, Inc., a Panamanian corporation (“MII”), McDermott Investments, LLC, a Delaware limited liability company (“MI”), The Babcock & Wilcox Company, a Delaware corporation (“B&W”), and Babcock & Wilcox Investment Company, a Delaware corporation (“BWICO”). MII, MI, B&W and BWICO are sometimes referred to herein, individually, as a “Party,” and, collectively, as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in Article I hereof.
MASTER SEPARATION AGREEMENT between MCDERMOTT INTERNATIONAL, INC., and THE BABCOCK & WILCOX COMPANY dated as of July 2, 2010Master Separation Agreement • July 2nd, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • Texas
This MASTER SEPARATION AGREEMENT (this “Agreement”) is entered into as of July 2, 2010, between McDermott International, Inc., a Panamanian corporation (“MII”) and The Babcock & Wilcox Company, a Delaware corporation (“B&W”). MII and B&W are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in Article I hereof.
