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AMENDMENT TO THE 2008 SEVERANCE AND CHANGE IN CONTROL AGREEMENT

Change of Control Agreement

AMENDMENT TO THE 2008 SEVERANCE AND CHANGE IN CONTROL AGREEMENT | Document Parties: KBR, Inc | KBR Technical Services, Inc You are currently viewing:
This Change of Control Agreement involves

KBR, Inc | KBR Technical Services, Inc

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Title: AMENDMENT TO THE 2008 SEVERANCE AND CHANGE IN CONTROL AGREEMENT
Date: 1/7/2009
Industry: Construction Services     Sector: Capital Goods

AMENDMENT TO THE 2008 SEVERANCE AND CHANGE IN CONTROL AGREEMENT, Parties: kbr  inc , kbr technical services  inc
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AMENDMENT TO THE

2008 SEVERANCE AND CHANGE IN CONTROL AGREEMENT

 

WHEREAS , the Compensation Committee of the Board of Directors of KBR, Inc. desires to amend the Severance and Change in Control Agreements (collectively, the “Agreements”) entered into by and between the senior executives under the purview of the Compensation Committee, KBR Technical Services, Inc., and KBR, Inc. in 2008 to comply with the final regulations of Section 409A of the Internal Revenue Code of 1986, as amended;

 

NOW, THEREFORE , effective as of December 31, 2008, the Agreements shall be amended as follows:

 

 

1.

The last sentence of the last paragraph of Section 3.2 shall be deleted and the following shall be substituted therefor:

 

“Subject to Section 6.1, any lump sum cash payment due Executive pursuant to this Section 3.2 shall be paid within 70 days of Executive’s termination of employment with Company.”

 

 

2.

Section 4.2(iii) shall be deleted and the following shall be substituted therefor:

 

“(iii) Executive’s unpaid bonus (if any) accrued under Company’s annual cash


 
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