EX-10 3 exb10521.txt OUTSIDE DIR STK AWD Exhibit 10.52.1 TERMINATION OF OUTSIDE DIRECTORS STOCK AWARD PLAN Pursuant to the authority of its Board of Directors, L.B. Foster Company hereby terminates its Outside Directors Stock Award Plan, effective May 24, 2006. L.B. Foster Company /s/ Stan L. Hasselbusch ----------------------- Stan L. Hasselbusch President and Chief Executive Officer