EXHIBIT 10(n)(n)

EMCOR GROUP, INC.

Director Award Program

(as amended and restated December 14, 2011)

1. In General. The Director Award Program (this “Program”) describes rules for
the grant of certain awards (“Program Awards”) to Eligible Directors of EMCOR
Group, Inc. (the “Company”) under and pursuant to the provisions of the
Company’s 2010 Incentive Plan (the “Plan”). All initially capitalized terms used
in this Program, except as otherwise defined herein, shall have the same meaning
as in the Plan. The grant of Program Awards shall not be construed as affecting
any Eligible Director’s right to other remuneration from the Company, including
remuneration under the Plan.

2. Eligible Directors. Each member of the Board who is not also employed by the
Company or any its subsidiaries on the date of grant of a Program Award (each,
an “Eligible Director”) is eligible to receive Program Awards.

3. Program Awards. Program Awards will consist of (i) Options awarded under
Section 6 of the Plan, and (ii) restricted stock units (“RSUs”) awarded under
Section 9 of the Plan.

(a) Options. Each Option granted as a Program Award shall be immediately
exercisable, shall have a maximum term (subject to earlier termination in
specified circumstances in accordance with the award document) of ten (10) years
from date of grant, shall have an exercise price per Share equal to 100% of the
per-share Fair Market Value on the date of grant, and shall otherwise be in the
form of option award attached as Exhibit A hereto (subject to such changes, if
any, as the Committee may from time to time approve in such form of award).

(b) RSUs. Each RSU granted under a Program Award, unless earlier forfeited,
shall be subject to the following vesting and other conditions:

(i) Each RSU shall vest at the time that is immediately prior to the earliest to
occur of the following: (A) the first (1st) anniversary of the date of grant;
(B) the annual meeting (if any) of stockholders of the Company that occurs in
the calendar year following the calendar year of grant; (C) the death of the
Eligible Director while serving on the Board; (D) the resignation of the
Eligible Director from the Board for reasons of permanent disability (as
determined by the Committee).

(ii) Upon any termination of an Eligible Director’s services with the Board, all
RSUs then held by the Eligible Director that have not previously vested
(determined after taking into account clause (i) above) shall be immediately
forfeited.

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(iii) Each Program Award providing for RSUs shall be in the form of RSU award
attached as Exhibit B hereto (subject to such changes, if any, as the Committee
may from time to time approve in such form of award).

(c) Date of Grant. An Eligible Director shall be automatically granted a Program
Award (in the form of Options or RSUs, as the Eligible Director elects in
accordance with Paragraph 4 below) immediately following each annual meeting of
stockholders of the Company at which the Eligible Director is elected or
reelected to the Board.

4. Program Elections

(a) General Rule. Except as provided in subparagraph (b) below, each Eligible
Director must irrevocably elect by December 31 of each calendar year (i) whether
his or her Program Award, if any, to be granted at the annual meeting of
stockholders of the Company scheduled to be held in the following calendar year
will be in the form of Options or RSUs, and (ii) if such Program Award is to be
granted in the form of RSUs, the Payment Date (as hereinafter defined) for the
Shares to be delivered thereunder.

(b) Special Rule for First Eligibility. All Eligible Directors who are members
of the Board when the Program is first adopted in 2011 may irrevocably elect
within thirty (30) days of such adoption (i) whether his or her Program Award,
if any, to be granted at the 2011 annual meeting of stockholders of the Company
will be in the form of Options or RSUs, and (ii) if such Program Award is to be
granted in the form of RSUs, the Payment Date for the Shares to be delivered
thereunder. Any other individual who first joins the Board as a non-employee
director during a calendar year and who is elected to the Board as an Eligible
Director during such year may irrevocably elect, not later than thirty (30) days
after first joining the Board (but in no event later than immediately prior to
such first-year election) whether his or her Program Award to be granted in
connection with such first-year election to the Board will be in the form of
Options or RSUs and, if such Program Award is to be granted in the form of RSUs,
the Payment Date for the shares to be delivered thereunder.

(c) Default Rule. An Eligible Director who is eligible to but does not make an
affirmative and timely election under (a) or (b) above, as applicable, shall be
deemed irrevocably to have elected to receive his or her Program Award in the
form of Options.

5. Payment Date. Unless the Eligible Director elects a later Payment Date in
accordance with the rules set forth in this Paragraph 5, the Payment Date for
any Program Award consisting of RSUs shall be the first (1st) anniversary of the
date of grant or, if earlier, the date of the annual meeting (if any) of
stockholders of the Company occurring

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in the calendar year of the Company following the calendar year of the date of
grant. An Eligible Director who elects to receive his or her Program Award for
any year in the form of RSUs may, at the time of such election (the “Initial
Election”) and in lieu of the Payment Date specified in the immediately
preceding sentence, irrevocably (except as hereinafter provided) elect a Payment
Date with respect to such Program Award that is the second (2nd), third (3rd),
fourth (4th), or fifth (5th) anniversary of the date of grant (an “Alternative
Initial Payment Date”). Any Eligible Director who has timely elected an
Alternative Initial Payment Date may at any time thereafter but prior to the
earlier to occur of (i) the Eligible Director’s ceasing to be a member of the
Board for any reason, or (ii) the date that is twelve months prior to the
Alternative Initial Payment Date, irrevocably elect a Deferred Payment Date that
is the fifth (5th) anniversary of the Alternative Initial Payment Date. In the
case of an Eligible Director who elects an Alternative Initial Payment Date and
does not thereafter elect a Deferred Payment Date, the Alternative Initial
Payment Date shall be the “Payment Date” for purposes of Paragraph 4 above and
Paragraph 6 below. In the case of an Eligible Director who elects an Alternative
Initial Payment Date and thereafter timely and properly elects a Deferred
Payment Date, the Deferred Payment Date shall be the “Payment Date” for purposes
of Paragraph 4 above and Paragraph 6 below.

6. Exercise or Payment of Awards. Any Program Award in the form of an Option may
be exercised by the holder thereof, in whole or in part and in accordance with
the terms of the Option, at any time prior to termination or expiration of the
Option. The holder of any vested Program Award in the form of RSUs shall be
entitled to receive at the Payment Date, and the Company shall deliver to the
holder on the Payment Date, one (1) Share for each RSU comprising the Program
Award and such additional Shares (if any) as are specified in the holder’s
Program Award in lieu of dividends paid on the Company’s common stock prior to
the satisfaction of the RSU. The Shares deliverable under any Program Award
shall be subject to adjustment in accordance with Section 10 of the Plan.

7. Amount of Program Awards. Each Program Award in the form of Options shall
consist of Options covering twenty thousand (20,000) Shares, and each Program
Award in the form of RSUs shall consist of that number of RSUs determined by
dividing the value of the Program Award Options (determined on the basis of the
Black-Scholes methodology on the grant date of the Program Award) by the closing
price of a Share on the New York Stock Exchange on such grant date. The
Committee may at any time prior to an Eligible Director’s election deadline
under Paragraph 4 increase or reduce the number of RSUs or Shares subject to
Options to be awarded in accordance with such election.

8. Amendment, etc. The Board may amend this Program at any time, consistent with
the terms of the Plan; provided, that except as permitted in respect of a
termination of the Program consistent with the plan-termination rules at
Section 1.409A-3(j)(4)(ix) of the Treasury Regulations, no such amendment shall
result in an acceleration of payment under the terms of any previously elected
Program Award consisting of RSUs, and no such amendment shall otherwise affect
the timing of payment of any

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Program Award in a manner that is inconsistent with (as applicable) compliance
of such Program Award with the requirement for exemption from, or compliance of
such Program Award with the requirements of, Section 409A of the Code.

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EXHIBIT A

STOCK OPTION AGREEMENT

UNDER 2010 INCENTIVE PLAN

THIS AGREEMENT dated as of the      day of              by and between EMCOR
GROUP, INC., a Delaware corporation (the “Corporation”), and
                     (“Grantee”).

W I T N E S S E T H:

WHEREAS, the Corporation wishes to grant to Grantee, on the date hereof, a
non-qualified stock option to purchase shares (“Shares”) of Common Stock of the
Corporation, $.01 par value, under the Corporation’s 2010 Incentive Plan (the
“Plan”) and upon the terms and conditions hereinafter stated.

NOW, THEREFORE, in consideration of the premises and of the undertakings
hereinafter contained, the Corporation and Grantee agree as follows:

1. Subject to the terms and conditions of this Agreement, the Corporation hereby
grants to Grantee under the Plan a non-qualified stock option (the “Option”) to
purchase 20,000 Shares, at an exercise price per Share of $        . Prior to
the expiration date of the Option, all or any part of the Shares subject to the
Option may be purchased on or after the date hereof, at any time or from time to
time, regardless of the Grantee’s cessation or termination of service as a
director of the Corporation for any reason. In the event of the Grantee’s death
at any time prior to the expiration date of the Option and before it is
exercised in full, the executors, administrators, legatees or distributees of
the Grantee’s estate shall have the privilege of exercising any unexercised
portion of the Option prior to the expiration date of the Option. Unless sooner
exercised in full, the Option shall expire ten years from the date hereof.

2.     (a) The exercise date of the Option, or any portion thereof, shall be the
date a notice of exercise with respect thereto is received by the Corporation,
together with provision for payment of the full purchase price in accordance
with this Section. The purchase price for the Shares as to which an Option is
exercised shall be paid to the Corporation, at the election of the Committee (as
that term is defined in the Plan), pursuant to one or more of the following
methods: (i) in cash or its equivalent (e.g., by check); (ii) in Shares having a
Fair Market Value (as that term is defined in the Plan) equal to the aggregate
exercise price for the Shares being purchased; provided, that such Shares have
been held by the Grantee for no less than six months (or such other period as
established from time to time by the Committee in order to avoid adverse
accounting treatment applying generally accepted accounting principles);
(iii) partly in cash and partly in Shares; or (iv) if there is a public market
for the Shares at such time, through the

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delivery of irrevocable instructions to a broker to sell the Shares obtained
upon the exercise of the Option and to deliver promptly to the Corporation an
amount out of the proceeds of such sale equal to the aggregate exercise price
for the Shares being purchased. No Grantee shall have any rights to dividends or
other rights of a stockholder with respect to Shares subject to the Option until
the Grantee has given written notice of exercise of the Option, paid in full for
such Shares, and, if applicable, has satisfied any other conditions imposed by
the Committee. In addition, the Grantee, at his discretion, may satisfy the
purchase price for Shares as to which an Option is exercised, by a “net
exercise” arrangement whereby the Company will reduce the number of Shares that
would otherwise be issued upon exercise of the Option by a number of whole
shares having a Fair Market Value equal to the sum of the aggregate purchase
price payable upon such exercise of the Option.

(b) Within a reasonable time after the exercise of the Option, the Corporation
shall cause to be delivered to the person entitled thereto or his designee a
certificate for the Shares (or other appropriate evidence thereof) purchased
pursuant to the exercise of the Option.

(c) Notwithstanding any other provision of the Option, the Option may not be
exercised at any time when the Option or the granting or exercise thereof
violates any law or governmental order or regulation.

3.     (a) The Option and all other rights hereunder and under the Plan are not
transferable or assignable by the Grantee otherwise than by will or the laws of
descent and distribution. The Option may be exercised or surrendered, in whole
or in part, during the Grantee's lifetime only by the Grantee or his guardian or
legal representative.

(b) Notwithstanding the foregoing, the Option, or any part hereof, may be
transferred by Grantee:

 

  (A) without consideration to any person who is a “family member” of Grantee,
as such term is used in the instructions to Form S-8 (collectively, the
“Immediate Family Members”);

 

  (B) without consideration to a trust solely for the benefit of Grantee and his
or her Immediate Family Members;

 

  (C) without consideration to a partnership or limited liability company whose
only partners or shareholders are Grantee and his or her Immediate Family
Members; or

 

  (D) with or without consideration to any other transferee as may be approved
by the Board of Directors or the Committee in its sole discretion;

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(each transferee described in clauses (A), (B), (C) and (D) above is hereinafter
referred to as a “Permitted Transferee”); provided that Grantee gives the
Committee advance written notice describing the terms and conditions of the
proposed transfer.

(c) If the Option, or any part hereof, is transferred in accordance with the
immediately preceding sentence, the terms of the portion of the Option
transferred shall apply to the Permitted Transferee and any reference herein to
a Grantee shall be deemed to refer to the Permitted Transferee, except that
(a) a Permitted Transferee shall not be entitled to transfer such portion of the
Option, other than by will or the laws of descent and distribution; (b) a
Permitted Transferee shall not be entitled to exercise such portion of the
Option unless there shall be in effect a registration statement on an
appropriate form covering the shares to be acquired pursuant to the exercise of
such portion of the Option if the Committee determines that such a registration
statement is necessary or appropriate; (c) the Committee or the Corporation
shall not be required to provide any notice to a Permitted Transferee; whether
or not such notice is or would otherwise have been required to be given to
Grantee; and (d) the consequences of termination of Grantee’s services to the
Corporation hereunder shall continue to be applied with respect to Grantee
following which such portion of the Option shall be exercisable by the Permitted
Transferee only to the extent, and for the periods, specified herein that the
Option could otherwise have been exercised by the Grantee.

4.     (a) In the event of any change in the outstanding Shares by reason of any
stock dividend or split, reorganization, recapitalization, merger,
consolidation, spin-off, combination, combination or transaction or exchange of
shares or other corporate exchange, or any distribution to shareholders of
shares other than regular cash dividends or any transaction similar to the
foregoing, the Committee, in its sole discretion and without liability to any
person, shall make such substitution or adjustment, as and in the manner and to
the extent it deems to be equitable or appropriate, as to (i) the number or kind
of shares or other securities issuable pursuant hereto; (ii) the per Share
exercise price and/or (iii) any other terms that the Committee determines to be
affected by the event.

(b) In the event of a Change in Control (as that term is defined in the Plan),
the Committee may, but shall not be obligated to, (i) cancel the Option for fair
value (as determined in the sole discretion of the Committee) which may equal
the excess, if any, of value of the consideration to be paid in the Change in
Control transaction to holders of the same number of Shares that remain subject
to the Option (or, if no consideration is paid in any such transaction, the Fair
Market Value of the Shares that remain subject to the Option) over the aggregate
exercise price for the Shares that remain subject to the Option or (ii) provide
for the issuance of substitute options that will substantially preserve the
otherwise applicable terms of the Option as determined by the Committee in its
sole discretion or (iii) provide that upon the occurrence of the Change in
Control, the Option shall terminate and be of no further force and effect.

5. The Corporation may postpone the issuance and delivery of Shares pursuant to
the grant or exercise of the Option until (a) the admission of such Shares to

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listing on any stock exchange on which Shares are then listed and/or (b) the
completion of such registration or other qualification of such Shares under any
State or Federal law, rule or regulation as the Corporation shall determine to
be necessary or advisable. The Grantee shall make such representations and
furnish such information as may, in the opinion of counsel for the Corporation,
be appropriate to permit the Corporation, in the light of the then existence or
non-existence with respect to such Shares of an effective Registration Statement
under the Securities Act of 1933, as from time to time amended (the “Securities
Act”), to issue the Shares in compliance with the provisions of the Securities
Act or any comparable act. The Corporation shall have the right, in its sole
discretion, to legend any Shares which may be issued pursuant to the grant or
exercise of the Option and/or may issue stop transfer orders in respect thereof.

6. If the Corporation shall be required to withhold any amounts by reason of any
Federal, State or local tax rules or regulations in respect of the issuance of
Shares pursuant to the exercise of the Option, the Corporation shall be entitled
to deduct and withhold such amounts from any cash payments to be made to the
Grantee. In any event, the Grantee shall make available to the Corporation,
promptly when requested by the Corporation, sufficient funds to meet the
requirements of such withholding, if any, and the Corporation shall be entitled
to take and authorize such steps as it may deem advisable in order to have such
funds made available to the Corporation out of any funds or property due or to
become due to the holder of such Option.

7. Nothing contained herein shall be construed to confer on the Grantee any
right to be continued as a director of the Corporation or derogate from any
right of the Corporation or its stockholders to decline to nominate the Grantee
for election as a director, to elect Grantee as a director or, subject to the
provisions of the bylaws of the Corporation and applicable law, to remove
Grantee as a director, with or without cause.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

 

EMCOR GROUP, INC. By:  

 

 

  , Grantee

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EXHIBIT B

Restricted Stock Unit Award Agreement Under the Director Award Program

EMCOR GROUP, INC.

301 Merritt Seven

Norwalk, Connecticut 06851-1092

Agreement made this      day of                     , [Year], between EMCOR
GROUP, INC., a Delaware corporation (the “Company”) and [Name], (the
“Participant”).

 

1. Restricted Stock Unit Award.

The Participant is hereby awarded, pursuant to the Company’s 2010 Incentive Plan
(as from time to time in effect, the “Plan”) and the Director Award Program
established under the Plan (as from time to time in effect, the “Program”), and
subject to their terms, a Restricted Stock Unit (“RSU”) award (the “Program
Award”) giving the Participant the conditional right to receive, without payment
but subject to the conditions and limitations set forth in this Agreement, the
Program and the Plan, (i) [—] Shares (the “Basic Shares”) and (ii) additional
whole number of Shares (rounded down to the nearest whole number) (the “Dividend
Equivalent Shares”) equal in value (determined as hereinafter provided) to the
dividends, if any, that would have been paid with respect to the Basic Shares
had the Basic Shares been issued to the Participant on the date hereof. For
purposes of (ii), the number of Dividend Equivalent Shares with respect to any
dividend shall be calculated as of the date on which the dividend is paid to
holders of Company common stock. For the avoidance of doubt, no Shares
(including Dividend Equivalent Shares) shall be payable in respect of the
Program Award if the Program Award is forfeited, and no Dividend Equivalent
Shares shall be payable in respect of any dividend for which the record date
falls on or after the date on which the Participant or other person entitled to
the Basic Shares becomes the record owner of such Shares for dividend
record-date purposes. Except as otherwise expressly provided, all terms used
herein shall have the same meaning as in the Program and the Plan.

 

2. Vesting.

This Program Award shall vest at the time that is immediately prior to the
earliest to occur of the following: (A) the first (1st) anniversary of the
effective date of this Agreement; (B) the annual meeting (if any) of
shareholders that occurs in the calendar year following the calendar year of the
effective date of this Agreement; (C) the death of the Participant while serving
on the Board; (D) the resignation of the Participant from the Board for reasons
of permanent disability (as determined by the Committee).

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Upon any termination of a Participant’s services with the Board, all RSUs then
held by the Participant that have not previously vested (determined after taking
into account the previous paragraph) shall be immediately forfeited.

 

3. Delivery of Shares.

Subject to Section 4 below, the Company shall effect delivery of the Shares with
respect to this Program Award to the Participant (or, in the event of the
Participant’s death, to the person to whom the Program Award has passed by will
or the laws of descent and distribution) on the Payment Date of this Program
Award. No Shares will be issued pursuant to this Program Award unless and until
all legal requirements applicable to the issuance or transfer of such Shares
have been complied with to the satisfaction of the Committee.

 

4. Dividends; Other Rights.

The Program Award shall not be interpreted to bestow upon the Participant any
equity interest or ownership in the Company or any Affiliate prior to the date
on which the Company delivers Shares to the Participant. The Participant is not
entitled to vote any Shares by reason of the granting of this Program Award or
to receive or be credited (other than as provided in Section 1 above) with any
dividends declared and payable on any Share prior to the delivery of such
Shares.

 

5. Certain Tax Matters.

The Participant expressly acknowledges that because this Program Award consists
of an unfunded and unsecured conditional promise by the Company to deliver
Shares in the future, subject to the terms hereof, it is not possible to make a
so-called “83(b) election” with respect to the Program Award. By accepting this
Program Award, the Participant agrees to be responsible for all taxes (including
any withholding taxes) to which [he/she] may be subject by reason of the vesting
of or payment under the Program Award.

 

6. Nontransferability.

Neither this Program Award nor any rights with respect thereto may be sold,
assigned, transferred (other than by will or the laws of descent and
distribution), pledged or otherwise encumbered, except as the Committee may
otherwise determine.

 

7. Effect on Right to Be Continued as a Director.

This Program Award shall not confer upon the Participant any right to be
continued as a director of the Company or derogate from any right of the Company
or its stockholders to decline to nominate the Participant for election as a
director, to decline to elect Participant as a director, or, subject to the
provisions of the bylaws of the Company and applicable law, to remove
Participant as a director, with or without cause.

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8. Amendments.

No amendment of any provision of this Agreement shall be valid unless the same
shall be in writing.

 

9. Governing Law.

This Agreement shall be governed and construed by and determined in accordance
with the laws of the State of Delaware, without giving effect to any choice of
law or conflict of law provision or rule (whether of the State of Delaware or
any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware.

The Company, by its duly authorized officer, and the Participant have executed
this Agreement as of the date first set forth above.

 

EMCOR GROUP, INC. By:  

 

Title:  

 

 

Agreed and Accepted: By  

 

  [Participant’s Name]