Company: EME
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015031
Chunk: 68

Company: EMCOR Group, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 68
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 of our voting securities; |

| • | our stockholders approving a merger, business combination or sale of our assets, with the holders of our Common Stock prior to such transaction owning less than 65% of the voting securities of the resulting corporation; or |

“Cause” is defined as:

| • | the named executive officer’s willful and continued failure to perform substantially his or her duties for us (other than by reason of physical or mental illness); |

| • | his or her conviction of, or plea of guilty or nolo contendere to, a felony; or |

| • | his or her willful engagement in gross misconduct which is materially and demonstrably injurious to us. |

“Good Reason” is defined as occurring if:

| • | the named executive officer’s annual base salary is reduced; |

| • | his or her annual incentive awards are reduced below the higher of (a) the annual incentive awards paid or payable to him or her in respect of the year before the change of control or (b) the average of his or her annual incentive awards paid or payable to him or her in respect of the three years prior to the change of control; |

| • | his or her duties and responsibilities are materially and adversely reduced; |

| • | the program of incentive compensation and retirement and insurance benefits offered to him or her are materially and adversely reduced; |

| • | he or she is required to relocate more than 50 miles from his or her primary work location before the change of control; or |

| • | his or her Change of Control Agreement is not assumed by a successor to the Company. |

46

Change of Control Benefits Table The following Table sets forth for each Mr. Guzzi, Ms. Mauricio and Mr. Nalbandian (a) cash payments and the value of benefits continuation under his/her Change of Control Agreement as described commencing on page 45to which he/she would have been entitled upon a change of control and termination of his/her employment on December 31, 2024 by the Company without cause or by him/her for good reason, (b) the value as of December 31, 2024 of (i) shares issuable to him/her in respect of his/her restricted stock units and (ii) his/her performance-based cash incentive awards under our LTIP as described on page 41, in each instance, to which he/she would have been entitled upon a change of control on December 31, 2024, and (c