EMPLOYMENT AGREEMENT (this “Agreement”) dated as of September 10, 2002, between FOSTER WHEELER LTD., a
Bermuda company (the “Company”), and Steven I. Weinstein (the “Executive”).
The Executive is currently employed by the Company, and the Executive and the Company wish to continue their
employment relationship, on the terms and conditions set forth in this Agreement.
Accordingly, the Company and the Executive hereby agree as follows:
1. Employment, Duties and Acceptance .
1.1 Employment, Duties . The Company hereby agrees to continue to employ the Executive for the Term (as defined in
Section 2.1), to render exclusive and full-time services to the Company, in the capacity of Vice President & Deputy General
Counsel of the Company and to perform such other duties consistent with such position (including service as a director or
officer of any affiliate of the Company if elected) as may be assigned by the Senior Vice President & General Counsel; provided,
however, that the Executive may participate in civic, charitable, industry, and professional organizations to the extent that such
participation does not materially interfere with the performance of Executive’s duties hereunder. The Executive’s title shall be
Vice President & Deputy General Counsel, or such other titles of at least equivalent level consistent with the Executive’s duties
from time to time as may be assigned to the Executive by the Company consistent with such position, and the Executive shall
have all authorities as are customarily and ordinarily exercised by executives in similar positions in similar businesses of similar
size in the United States.
1.2 Acceptance . The Executive hereby accepts such employment and agrees to render the services described above.
During the Term, and consistent with the above, the Executive agrees to serve the Company faithfully and to the best of the
Executive’s ability, to devote the Executive’s entire business time, energy and skill to such employment,