Exhibit
      10.15

     

    IEC
      ELECTRONICS CORP.

    


    RESTRICTED
      STOCK AWARD AGREEMENT 

    PURSUANT
      TO

    2001
      STOCK OPTION AND INCENTIVE PLAN

    


    RESTRICTED
      STOCK AWARD AGREEMENT, executed in duplicate as of the 14th day of May, 2008,
      between IEC Electronics Corp., a Delaware corporation (the "Company"), and
      Jeffrey T. Schlarbaum, Executive Vice President and President of IEC Contract
      Manufacturing (the "Executive").

     

    In
      accordance with the provisions of the 2001 Stock Option and Incentive Plan
      of
      the Company (the "Plan"), the Compensation Committee (the “Committee”) of the
      Board of Directors of the Company has authorized the execution and delivery
      of
      this Award Agreement on the terms and conditions herein set forth. All defined
      terms used in this Award Agreement but not defined herein shall have the
      meanings ascribed to them in the Plan.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants hereinafter set forth and
      for other good and valuable consideration, the parties hereto agree as
      follows:

     

    
      	
              1.

            	
              Award
                of Restricted Stock.
                The Company hereby grants to the Executive as of the date of this
                Award
                Agreement (the "Date of Grant") 15,000 shares of common stock of
                the
                Company, $.01 par value (the “Shares”), on the terms and conditions and
                subject to the restrictions herein set
                forth.

            


      	 	 


    

    
      	
              2.

            	
              Restriction
                Period.
                The Shares are subject to a restriction period (the “Restriction Period”),
                after which restrictions will lapse, commencing on the Date of Grant
                and
                ending two (2) years from the Date of Grant.


            


    


    
      
        
        

      

      
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              3.

            	
              Restrictions.
                Except as otherwise provided in this Award Agreement, the Shares
                shall not
                be sold, exchanged, transferred, pledged, hypothecated or otherwise
                disposed of during the Restriction Period, and shall not be subject
                to
                execution, attachment or similar process. Any attempted assignment,
                transfer, pledge, hypothecation, or other disposition of the Shares
                contrary to the provisions hereof, and the levy of any execution,
                attachment, or similar process upon the Shares, shall be null and
                void and
                without effect.

            


      	 	 


    

    
      	
              4.

            	
              Termination
                of Employment; Detrimental Activities.
                If the Executive's employment with the Company is terminated for
                any
                reason whatsoever, other than death, Disability, Retirement or Change
                in
                Control, before the expiration of the Restriction Period, the Shares
                shall
                be deemed forfeited by the Executive and shall be returned to or
                cancelled
                by the Company. If the Executive shall engage in any Detrimental
                Activity
                (as defined in the Plan) prior to the end of the Restriction Period,
                the
                Committee may cancel, rescind, suspend, withhold or otherwise limit
                or
                restrict this Award of Shares.

            


      	 	 


    

    
      	
              5.

            	
              Taxes.
                The Company will pay or reimburse Executive the amount of any income
                taxes
                Executive incurs in connection with the Award of Shares under this
                Award
                Agreement.

            


      	 	 


    

    
      	
              6.

            	
              Certificate;
                Custody; Stock Power.
                The certificate representing the Shares shall be issued in the name
                of the
                Executive. Such certificate shall be registered in the name of the
                Executive and shall bear an appropriate legend reciting the terms,
                conditions and restrictions applicable to this Award and shall be
                subject
                to appropriate stop-transfer orders. Such certificate shall be held
                in
                custody by the Company until the Restriction Period expires or until
                restrictions thereon otherwise lapse. As a condition of this Award
                of
                Restricted Stock, the Executive has delivered to the Company a stock
                power
                endorsed in blank relating to the
                Shares.

            


    


    
      
        
        

      

      
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              7.

            	
              Shares
                Issued Upon Changes in Capitalization.
                The restrictions imposed under this Award Agreement shall apply as
                well to
                all shares or other securities issued in respect of the Shares in
                connection with any stock split, stock dividend, stock distribution,
                recapitalization, reclassification, merger, consolidation or
                reorganization.

            


      	 	 


    

    
      	
              8.

            	
              Lapse
                of Restrictions.
                In the event of (a) any tender offer or exchange offer (other than
                an
                offer by the Company) for the Company's common stock, or a dissolution
                or
                liquidation of the Company, or a merger or consolidation or similar
                transaction in which the Company is not the surviving company, or
                a sale,
                exchange or other disposition of all or substantially all of the
                Company
                assets, or other Change in Control of the Company (as defined in
                the
                Plan), or (b) the Executive's termination of employment with the
                Company
                by reason of death, Disability, or Retirement, the restrictions set
                forth
                in this Award Agreement shall lapse, and the Company shall issue
                the
                certificate representing the Shares without a restrictive legend.
                

            


      	 	 


    

    
      	
              9.

            	
              Amendment
                to this Award Agreement.
                The Committee may modify or amend this Award Agreement if it determines,
                in its sole discretion, that amendment is necessary or advisable
                in the
                light of any addition to or change in the Internal Revenue Code or
                in the
                regulations issued thereunder, or any federal or state securities
                laws or
                other law or regulation, which change occurs after the Date of Grant
                of
                this Award and by its terms applies to this Award. No amendment of
                this
                Award, however, may, without the consent of the Executive, make any
                changes which would adversely effect the rights of such
                Executive.

            


    


    
      
        
        

      

      
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              10.

            	
              Right
                of Employment.
                Nothing contained herein shall confer upon the Executive any right
                to be
                continued in the employment of the Company or interfere in any way
                with
                the right of the Company to terminate Executive’s employment at any time
                for any cause.

            


      	 	 


    

    
      	
              11.

            	
              Rights
                as a Shareholder.
                Upon issuance of the stock certificate evidencing the Shares and
                subject
                to the restrictions contained in Sections 2, 3, 4, and 6, the Executive
                shall have all the rights of a shareholder of the Company with respect
                to
                the Shares, including the right to vote the Shares and receive all
                dividends and other distributions paid or made with respect
                thereto.

            


      	 	 


    

    
      	
              12.

            	
              Notices.
                Notices hereunder shall be in writing and if to the Company shall
                be
                delivered personally to the Secretary of the Company or mailed to
                its
                principal office, 105 Norton Street, P.O. Box 271, Newark, New York
                14513,
                addressed to the attention of the Secretary and, if to the Executive,
                shall be delivered personally or mailed to the Executive at Executive's
                address as the same appears on the records of the
                Company.

            


      	 	 


    

    
      	
              13.

            	
              Interpretations
                of this Award Agreement.
                All decisions and interpretations made by the Committee with regard
                to any
                question arising hereunder or under the Plan shall be binding and
                conclusive on the Company and the Executive. The Award and the Shares
                granted hereunder are subject to the provisions of the Plan. In the
                event
                there is any inconsistency between the provisions of this Award Agreement
                and those of the Plan, the provisions of the Plan shall
                govern.

            


    


    
      
        
        

      

      
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              14.

            	
              Successors
                and Assigns.
                This Award Agreement shall bind and inure to the benefit of the parties
                hereto and the successors and assigns of the
                Company.

            


      	 	 


    

    IN
      WITNESS WHEREOF, the Company has caused this Award Agreement to be executed
      on
      the day and year first above written.

    


    
      	
              IEC
                ELECTRONICS CORP.

            
	 	 
	
              By

            	  

	 	
                        W.
                Barry Gilbert

            
	 	 
	Its:
              Chief Executive Officer and
	Chairman
              of the Board


    


    
      
        
        

      

      
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    ACCEPTANCE

    


    I,
      Jeffrey T. Schlarbaum, hereby certify that I have read and fully understand
      the
      foregoing Restricted Stock Award Agreement. I acknowledge that I have been
      apprised that the purpose of the restrictions contained in the Award Agreement
      is to provide an incentive for me to remain with the Company and to perform
      assigned tasks and responsibilities in a manner consistent with the best
      interests of the Company and its shareholders. I hereby execute this instrument
      to indicate my acceptance of this Restricted Stock Award Agreement and my intent
      to comply with the terms thereof.

     

    
      	  

	
              Executive

            
	 
	   

	
              Street
                Address

            
	 
	    

	
              City                                State                                Zip

            


    


    
      
        
        

      

      
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