EX-10.2



 Exhibit 10.2 

FORM OF 

RESTRICTED STOCK UNIT AGREEMENT 

Award with Performance Condition(s) to Employee/Consultant 

Pursuant to the 2011 Omnibus Equity Incentive Plan 
  

									
	 Participant:
	  		  		  			
				
	 Address:
	  		  		  			
				
	 Number of Restricted Stock Units:
	  		  		  			
				
	 Date of Grant:
	  		  		  			
				
	 Vesting of Restricted Stock Units:
	  	 	  	 Vesting Date
	  	 Vested %
	 
		  		  		  	 	33 1⁄3	% 
		  		  		  	 	33 1⁄3	% 
		  		  		  	 	33 1⁄3	% 
		  		  		  	  
	  
	 
		  	Total	  		  	 	100	% 
		  		  		  	  
	  
	 

 Quanta Services, Inc., a Delaware corporation (the “Company”), hereby grants to Participant,
pursuant to the provisions of the Quanta Services, Inc. Senior Leadership Annual and/or Long-Term Incentive Plan, as amended from time to time (collectively the “Incentive Plan”), a sub-plan of the Quanta Services, Inc. 2011 Omnibus
Equity Incentive Plan, as amended from time to time in accordance with its terms (the “Plan”), an award (this “Award”) of the number of restricted stock units (the “Restricted Stock Units”) set
forth on the Company’s electronic stock plan administration platform grant summary report for Participant (the “Grant Summary Report”), effective as of the “Date of Grant” set forth on the Grant Summary Report (the
“Date of Grant”), upon and subject to the terms and conditions set forth in this Restricted Stock Unit Agreement (this “Agreement”), the Incentive Plan and the Plan, which are incorporated herein by reference.
Unless otherwise defined in this Agreement, capitalized terms used in this Agreement shall have the meanings assigned to them in the Plan. 

1. EFFECT OF THE PLAN. The Restricted Stock Units awarded to Participant are subject to all of the provisions of the Plan, the
Incentive Plan and this Agreement, together with all rules and determinations from time to time issued by the Committee and by the Board pursuant to the Plan. The Company hereby reserves the right to amend, modify, restate, supplement or terminate
the Plan and/or the Incentive Plan without the consent of Participant, so long as such amendment, modification, restatement or supplement shall not materially reduce the rights and benefits available to Participant hereunder, and this Award shall be
subject, without further action by the Company or Participant, to such amendment, modification, restatement or supplement unless provided otherwise therein. 







 2. GRANT. This Agreement shall evidence Participant’s rights with respect to the
award of Restricted Stock Units. Participant agrees that the Restricted Stock Units shall be subject to all of the terms and conditions set forth in this Agreement, the Incentive Plan and the Plan, including, but not limited to, the forfeiture
conditions set forth in Section 5 of this Agreement and the satisfaction of the Required Withholding as set forth in Section 10(a) of this Agreement. 

3. PERFORMANCE CONDITION(S). The vesting of the Restricted Stock Units shall be subject to the achievement by the Company of the
performance standard(s) as reviewed and approved by the Committee and reflected in the resolutions of the Committee (the “Performance Goals”). The determination by the Committee with respect to the achievement of the Performance
Goals shall be made as soon as administratively practicable following the date on which all Company information necessary to assess achievement of the Performance Goals becomes available. The specific date on which such determination is formally
made and approved by the Committee is referred to as the “Determination Date.” After the Determination Date, the Company shall notify Participant of the forfeiture, or commencement of vesting, of the Restricted Stock Units depending
on whether, and if applicable, to what extent, the Performance Goals were achieved by the Company. 
 4. VESTING SCHEDULE; SERVICE
REQUIREMENT. Except as provided otherwise in Section 5 of this Agreement, a portion of the Restricted Stock Units shall vest during Participant’s continued service with the Company or an Affiliate (“Continuous
Service”) on each “Vesting Date” set forth on Participant’s Grant Summary Report (each, a “Vesting Date”), if and only if the Committee has determined that the applicable Performance Goals have been achieved,
as follows: 
 (a) thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the first Vesting Date,
or if the first Vesting Date occurs prior to the Determination Date, then on the Determination Date, which shall be deemed the first Vesting Date hereunder; 

(b) an additional thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the second Vesting Date;
and 
 (c) the remaining thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the third Vesting
Date. 
 If an installment of the vesting would result in a fractional vested Restricted Stock Unit, such installment will be rounded to the next higher or
lower Restricted Stock Unit, except that the final installment will be for the balance of the Restricted Stock Units. 
 5. CONDITIONS OF
FORFEITURE. 
 (a) Upon a determination by the Committee on the Determination Date that the Performance Goals have not been achieved,
all unvested Restricted Stock Units as of the Determination Date shall, without further action of any kind by the Company or Participant, be forfeited. 

  
 Page 2 








 (b) Subject to Section 15(g) of the Plan, upon any termination of Participant’s
Continuous Service (the “Termination Date”) for any or no reason (other than due to Participant’s death), including but not limited to Participant’s voluntary resignation or termination by the Company with or without
cause, before all of the Restricted Stock Units become vested, all unvested Restricted Stock Units as of the Termination Date shall, without further action of any kind by the Company or Participant, be forfeited. 

(c) Unvested Restricted Stock Units that are forfeited shall be deemed to be immediately cancelled without any payment by the Company or
action by Participant. Following such forfeiture, Participant shall have no further rights with respect to such forfeited Restricted Stock Units. 

(d) Notwithstanding anything to the contrary in this Agreement, the unvested Restricted Stock Units shall become vested (i) on the death
of Participant during Participant’s Continuous Service or (ii) upon the occurrence of a Change in Control during Participant’s Continuous Service. 

6. SETTLEMENT AND DELIVERY OF COMMON SHARES. Settlement of Restricted Stock Units shall be made on the Vesting Date, or, if later, the
payment date under the terms of any deferral arrangement as may be established between the Company and Participant (in each case subject to an administrative processing window of up to fifteen (15) days thereafter). Settlement will be made by
issuance of Common Shares. Notwithstanding the foregoing, the Company shall not be obligated to issue any Common Shares if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any
governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Shares is listed or quoted. The Company shall in no event be obligated to take any affirmative action
in order to cause the issuance of Common Shares to comply with any such law, rule, regulation or agreement. 
 7.
NON-TRANSFERABILITY. Participant may not sell, transfer, pledge, exchange, hypothecate, or otherwise encumber or dispose of any of the Restricted Stock Units, or any right or interest therein, by operation of law or otherwise. A Restricted
Stock Unit is personal to Participant and is non-assignable and non-transferable other than by will or by the laws of descent and distribution in the event of death of
Participant. Any transfer in violation of this Section 7 shall be void and of no force or effect. 
 8. DIVIDEND AND VOTING
RIGHTS. Participant shall have no rights to dividends or other rights of a stockholder with respect to the Restricted Stock Units unless and until such time as the Award has been settled by the issuance of Common Shares to Participant.
Participant shall have the right to receive a cash dividend equivalent payment with respect to the Restricted Stock Units for cash dividends payable to holders of Common Shares as of a record date designated by the Company that is within the period
beginning on the Date of Grant and ending on the date the Common Shares are issued to Participant in settlement of the Restricted Stock Units, which dividend equivalent payment shall be payable to Participant at the same time as Participant receives
settlement of the Restricted Stock Units. In the event of forfeiture of Restricted Stock Units, Participant shall have no further rights with respect to such Restricted Stock Units. 

  
 Page 3 








 9. CAPITAL ADJUSTMENTS AND CORPORATE EVENTS. If, from time to time during the term of this
Agreement, there is any capital adjustment affecting the outstanding Common Shares as a class without the Company’s receipt of consideration, the unvested Restricted Stock Units shall be adjusted in accordance with the provisions of
Section 12(a) of the Plan. 
 10. TAX MATTERS. 

(a) The Company’s obligation to deliver Common Shares to Participant upon the settlement of such Restricted Stock Units shall be subject
to the satisfaction of any and all applicable federal, state and local income and/or employment tax withholding requirements (the “Required Withholding”). At the time of issuance of Common Shares upon vesting or settlement of
Restricted Stock Units, the Company shall withhold from the Common Shares that otherwise would have been delivered to Participant an appropriate number of Common Shares necessary to satisfy Participant’s Required Withholding, and deliver the
remaining Common Shares to Participant. The distribution of Common Shares described in Section 6 will be net of such Common Shares that are withheld to satisfy applicable taxes pursuant to this Section 10. In lieu of withholding Common
Shares, the Committee may, in its discretion, authorize the satisfaction of tax withholding by a cash payment to the Company, by withholding an appropriate amount of cash from base pay, or by such other method as the Committee determines may be
appropriate to satisfy all obligations for withholding of such taxes. The obligations of the Company under this Award will be conditioned on such satisfaction of the Required Withholding. 

(b) Participant acknowledges that the tax consequences associated with this Award are complex and that the Company has urged Participant to
review with Participant’s own tax advisors the federal, state, and local tax consequences of this Award. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.
Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of the Award. 

11. ENTIRE AGREEMENT; GOVERNING LAW. The Plan, the Incentive Plan and this Agreement constitute the entire agreement of the Company and
Participant (collectively, the “Parties”) with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Parties with respect to the subject matter hereof. If there is any
inconsistency among the provisions of this Agreement, the Incentive Plan and the Plan, the provisions of the Plan shall govern. Nothing in the Plan, the Incentive Plan and this Agreement (except as expressly provided therein or herein) is intended
to confer any rights or remedies on any person other than the Parties. THE PLAN, THE INCENTIVE PLAN AND THIS AGREEMENT ARE TO BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY
CHOICE-OF-LAW RULE THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE INTERNAL LAWS OF THE STATE OF DELAWARE TO THE RIGHTS AND DUTIES OF THE PARTIES. Should any provision of the Plan, the Incentive Plan or this Agreement
relating to the subject matter hereof be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain
enforceable. 

  
 Page 4 








 12. INTERPRETIVE MATTERS. Whenever required by the context, pronouns and any variation
thereof shall be deemed to refer to the masculine, feminine, or neuter, and the singular shall include the plural, and vice versa. The term “include” or “including” does not denote or imply any limitation. The captions and
headings used in this Agreement are inserted for convenience and shall not be deemed a part of this Award or this Agreement for construction or interpretation. 

13. DISPUTE RESOLUTION. The provisions of this Section 13 shall be the exclusive means of resolving disputes of the Parties
(including any other persons claiming any rights or having any obligations through the Company or Participant) arising out of or relating to the Plan, the Incentive Plan and this Agreement. The Parties shall attempt in good faith to resolve any
disputes arising out of or relating to the Plan, the Incentive Plan and this Agreement by negotiation between individuals who have authority to settle the controversy. Negotiations shall be commenced by either Party by a written statement of the
Party’s position and the name and title of the individual who will represent the Party. Within thirty (30) days of the written notification, the Parties shall meet at a mutually acceptable time and place, and thereafter as often as both
parties reasonably deem necessary, to resolve the dispute. If the dispute has not been resolved by negotiation within ninety (90) days of the written notification of the dispute, either Party may file suit and each Party agrees that any suit,
action, or proceeding arising out of or relating to the Plan, the Incentive Plan or this Agreement shall be brought in the United States District Court for the Southern District of Texas, Houston Division (or should such court lack jurisdiction to
hear such action, suit or proceeding, in a Texas state court in Harris County, Texas) and that the Parties shall submit to the jurisdiction of such court. The Parties irrevocably waive, to the fullest extent permitted by law, any objection a Party
may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of
this Section 13 shall for any reason be held invalid or unenforceable, it is the specific intent of the Parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 

14. RESTRICTIVE COVENANTS. In consideration for the grant of this Award, (a) Participant hereby agrees to abide by the restrictive
covenants set forth in Section 14 of the Plan, and (b) Participant hereby agrees that during Participant’s Continuous Service and for one year thereafter, Participant shall not solicit any person who is an employee of the Company or
any Affiliate for the purpose or with the intent of enticing such employee away from or out of the employ of the Company or any Affiliate. 

15. AMENDMENT; WAIVER. This Agreement may be amended or modified only by means of a written document or documents signed by the Company
and Participant. Any provision for the benefit of the Company contained in this Agreement may be waived, either generally or in any particular instance, by the Board or by the Committee. A waiver on one occasion shall not be deemed to be a waiver of
the same or any other breach on a future occasion. 
 16. NOTICE. Any notice or other communication required or permitted hereunder
shall be given in writing and shall be deemed given, effective, and received upon prepaid 

  
 Page 5 








 
delivery in person or by courier or upon the earlier of delivery or the third business day after deposit in the United States mail if sent by certified mail, with postage and fees prepaid, and
addressed as applicable, if to the Company, at its corporate headquarters address, Attention: Stock Plan Administration, and if to Participant, at its address on file with the Company’s stock plan administration service provider. 

17. CLAWBACK. 
 (a)
Notwithstanding anything herein to the contrary, if any incentive based compensation, or any other compensation, paid or payable to Participant as a current or former executive officer of the Company pursuant to the Plan is subject to recovery under
any law, government regulation, order or stock exchange listing requirement, such compensation shall be subject to such deductions and clawback (recovery), including by means of repayment by Participant and/or withholding of future wages, as may be
required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of the Company adopted pursuant to any such law, government regulation, order or stock exchange listing requirement). 

(b) Further, notwithstanding anything herein to the contrary, if any incentive based compensation, or any other compensation, is paid or
payable to Participant other than as a current or former executive officer of the Company pursuant to the Plan which, if payable to an executive officer of the Company, would be subject to recovery under any law, government regulation, order or
stock exchange listing requirement, such compensation shall be, in the discretion of the Committee, subject to such deductions and clawback (recovery), including by means of repayment by Participant and/or withholding of future wages, to the same
extent as may be required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of the company adopted pursuant to any such law, government regulation, order or stock exchange listing
requirement) with respect to an executive officer of the Company, but only to the extent that the circumstances requiring such deductions and clawback (recovery) are attributable in whole or in part to the functional area or operating unit with whom
Participant is associated. 
 (c) Acceptance of this Award pursuant to the Plan renders Participant’s future wages subject to
withholding by the Company to permit recovery of any amounts that may become due under this Section 17. This provision shall survive to the extent required by law, government regulation, order, stock exchange listing requirement (or any policy
of the Company adopted pursuant to any such law, government regulation, order or stock exchange listing requirement). Participant hereby acknowledges and agrees in writing to the foregoing as a condition to receipt of this Award. 

18. SECTION 409A. The award of Restricted Stock Units is intended to be (i) exempt from Section 409A of the Code including,
but not limited to, by reason of compliance with the short-term deferral exemption as specified in Treas. Reg. § 1.409A-1(b)(4); or (ii) in compliance with Section 409A, and the provisions of this Agreement shall be administered,
interpreted and construed accordingly. Notwithstanding anything herein to the contrary, if Participant is a “specified employee” as such term is defined in Section 409A of the Code, any amounts that would otherwise be payable
hereunder as nonqualified deferred compensation within the meaning of Section 409A of the Code on account of separation from service (other 

  
 Page 6 








 
than by reason of death) to Participant shall not be payable before the earlier of (i) the date that is 6 months after the date of Participant’s separation from service, or
(ii) the date that otherwise complies with the requirements of Section 409A of the Code. To the extent required to comply with Section 409A of the Code, any amounts that would otherwise be payable hereunder upon an event described in
Section 2(f) of the Plan as nonqualified deferred compensation within the meaning of Section 409A of the Code, such event shall not constitute a “Change in Control” under this Agreement unless and until such event
constitutes a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A(a)(2)(A)(v) of the Code. The Company makes no commitment or
guarantee to Participant that any federal or state tax treatment shall apply or be available to any person eligible for benefits under this Agreement. 

19. ACKNOWLEDGMENTS. PARTICIPANT ACKNOWLEDGES AND AGREES THAT (A) THE SHARES SUBJECT TO THIS RESTRICTED STOCK UNIT AWARD SHALL
VEST AND THE FORFEITURE RESTRICTIONS SHALL LAPSE, IF AT ALL, ONLY DURING THE PERIOD OF PARTICIPANT’S CONTINUOUS SERVICE OR AS OTHERWISE PROVIDED IN THIS AGREEMENT, AND (B) NOTHING IN THIS AGREEMENT, THE INCENTIVE PLAN OR THE PLAN SHALL
CONFER UPON PARTICIPANT ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF PARTICIPANT’S CONTINUOUS SERVICE. Participant acknowledges receipt of an electronic copy of this Agreement, the Incentive Plan and the Plan and represents that
he or she is familiar with the terms hereof and thereof. Participant has reviewed this Agreement, the Incentive Plan and the Plan, has had an opportunity to obtain the advice of tax and legal counsel prior to accepting the Award and becoming bound
by this Agreement, and understands all provisions of this Agreement, the Incentive Plan and the Plan. Participant agrees that all disputes arising out of or relating to this Agreement, the Incentive Plan and the Plan shall be resolved in accordance
with Section 13 of this Agreement. 
  

			
	QUANTA SERVICES, INC.
		
	By:	 	 
		 	


 Participant acknowledges receipt of an electronic copy of the Plan, the Incentive Plan and the Award Agreement,
represents that he or she has reviewed and is familiar with the terms and provisions thereof, and hereby accepts the Award subject to all of the terms and provisions of the Plan, the Incentive Plan and the Award Agreement, agreeing to be bound
thereby. 
  

									
	ACCEPTED:	 		 	
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	[Participant Name]

  

  
 Page 7 








 Participant acknowledges receipt of an electronic copy of the Plan, the Incentive Plan and the Award Agreement,
represents that he or she has reviewed and is familiar with the terms and provisions thereof, and hereby rejects the Award. 
  

									
	REJECTED:	 		 	
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	[Participant Name]


  
 Page 8