Company: EME
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015031
Chunk: 88

Company: EMCOR Group, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 88
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 Amended Plan enables us to more effectively recruit and retain directors and key employees and will motivate our directors and key employees to exert their best efforts on behalf of the Company and its affiliates. Description of the Amended Plan Administration. The Amended Plan is administered by the Compensation Committee, which may delegate its duties and powers in whole or in part to any subcommittee consisting solely of at least two individuals who are intended to qualify as “non-employee directors” within the meaning of Rule 16b-3 under the Securities Exchange Act of 1934, as amended (or any successor rule thereto). The Compensation Committee may also delegate to a director, including the chief executive officer, the authority to grant awards to non-executive employees under the Amended Plan. The Compensation Committee is authorized to interpret the Amended Plan, to establish, amend and rescind any rules and regulations relating to the Amended Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Amended Plan. Eligibility. All of our non-employee directors and certain of our and our affiliates’ employees, including executive officers, are eligible to receive awards under the Amended Plan. As of April 8, 2025, approximately 157 employees and 8 non-employee directors were eligible to participate in the Amended Plan. Participation is discretionary and awards are subject to approval by the Compensation Committee. Shares Subject to the Amended Plan. As of April 8, 2025 the total number of shares of our Common Stock which may be issued in respect of future awards under the Amended Plan was 563,279. As of April 8, 2025, the closing price on The New York Stock Exchange of a share of our Common Stock was $354.26. Stock Options and Stock Appreciation Rights. No new stock options or stock appreciation rights will be granted to any participant under the Amended Plan until such time, if any, as the Amended Plan is subsequently amended to provide for the ability to make such grants. Options previously granted under the Amended Plan shall be vested and exercisable at such times and upon such terms and conditions as were determined by the Compensation Committee, but in no event shall an option be exercisable more than ten years after it was granted. The maximum number of shares of our Common Stock covered by previously granted options during any calendar year to any participant was 200,000. The exercise price per share of our Common Stock for any previously granted option shall not be less than