Exhibit
      10.14

    IEC
      Electronics Corp.

    First
      Amendment to Option Award Agreement

    


    First
      Amendment, dated as of August 4, 2006 (this “Amendment”) to the Option Award
      Agreement, dated as of August 12, 2003, (the “Option Agreement”) between IEC
      Electronics Corp., a Delaware corporation (the “Company”) and W. Barry Gilbert,
      an officer of the Company (the “Optionee”).

    


    RECITALS:

    


    
      	 	
              A.

            	
              In
                accordance with the provisions of the 2001 Stock Option and Incentive
                Plan
                (the “Plan”) and pursuant to a resolution duly adopted by the Board of
                Directors of the Company on August 12, 2003, the Company and Optionee
                executed an Option Agreement, a copy of which is attached hereto
                as
                Exhibit A, pursuant to which Optionee was granted a Stock Option
                (the
                “Option”) to purchase up to 275,000 shares of common stock of the Company
                in accordance with the terms and conditions set forth in the Option
                Agreement.

            


    

    


    
      	 	
              B.

            	
              As
                of the date of this Amendment, options for 110,000 shares have vested
                and
                are exercisable until March 31, 2009, and options for 165,000 shares
                have
                not yet vested.

            


    

    


    
      	 	
              C.

            	
              The
                Company and Optionee desire to modify certain provisions of the Option
                Agreement in the manner set forth
                herein.

            


    

    


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

    


    
      	
            	1.	
              Definitions. Capitalized
                terms used and not otherwise defined herein shall have the meanings
                ascribed to such terms in the Option
                Agreement.

            


    

    


    
      	 	
              2.

            	
              Amendments.

            


    

    


    
      	 	
              A.

            	
              Sections
                4 (a) (iii), (iv), and (v) of the Option Agreement are deleted in
                their
                entirety and replaced with the
                following:

            


    

    


    4.
      Vesting
      and Exercise. This
      option shall vest and be exercisable as follows:

    


    (a)
      (iii)
      165,000 shares, if the Company’s Net Income for any fiscal year ending on or
      prior to September 30, 2008 equal or exceeds $1,000,000. For purposes of this
      Section 4 (a) (iii), Net Income shall be as stated in the Company’s audited
      financial statements for each of the fiscal years ended September 30, 2006,
      September 30, 2007, and September 30, 2008, except that Net Income in any of
      said fiscal years shall not include the effects of any acquisition in that
      year.
      In addition, Net Income in any of said fiscal years may be adjusted by the
      Compensation Committee to remove the effects of unusual events. After Net Income
      has been determined for each of said fiscal years, the Compensation Committee
      shall certify whether or not the performance goal has been achieved for that
      year. If the performance goal has not been achieved after the determination
      of
      Net Income for the fiscal year ended September 30, 2008, the shares provided
      for
      in this Section 4 (a) (iii) shall automatically be forfeited. 


    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    


    


    
      	 	
              B.

            	
              Section
                4 (b) of the Option Agreement is deleted in its entirety and replaced
                by
                the following:

            


    

    


    (b)
      Notwithstanding that the performance goal set forth in 4 (a) (iii) above is
      reached, the shares shall not vest and be exercisable unless Optionee is either
      Chairman of the Board of Directors of the Company or the Company’s Chief
      Executive Officer on the date the performance goal has been met. 

    


    
      	 	
              C.

            	
              Section
                4 (c) of the Option Agreement is deleted in its
                entirety.

            


    

    


    
      	 	
              3.

            	
              Except
                as otherwise provided herein, the Option Agreement shall be unmodified
                and
                shall continue in full force and effect in accordance with its
                terms.

            


    

    


    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
      executed and delivered as of the day and year first above written.

    


    
      	
              IEC
                Electronics Corp.

            
	 	 
	
              By:
                

            	  

	 	
              David
                J. Beaubien,

            
	 	
              Chairman,
                Compensation Committee

            


    

    


    
      	
              Optionee:
                

            	  

	 	
              W.
                Barry Gilbert,

            
	 	
              Chairman
                of the Board and

            
	 	
              Chief
                Executive Officer

            


    

     

    
      
        
        

      

      
        2