Document:

Settlement and Release Agreement - Richard L. China

  
 Exhibit 10. 4

  
 Integrated Electrical Services, Inc. 
 MUTUAL SETTLEMENT AGREEMENT AND RELEASE 
  
 This Mutual Settlement Agreement and Release (“Agreement”), dated as of November 9, 2004, is between Richard L. China (“China”) and
Integrated Electrical Services, Inc. (“IES”). 
  
 RECITALS 
  
 Richard L. China and IES wish to
terminate their employment relationship amicably, settle existing disputes and to set forth their remaining obligations to one another. In order to provide for a smooth transition and to foreclose any potential claims or disputes existing or arising
between the parties, Richard L. China and IES have agreed to enter this Agreement. 
  
 AGREEMENT 
  
 In
consideration of the foregoing recitals, the mutual agreements and undertakings of the parties set forth below, and other good and valuable consideration that is addition to any rights China may already have and the receipt, adequacy and sufficiency
of which are hereby expressly acknowledged, China and IES agree as follows: 
  

	1.	Separation Date 

  
 China and IES hereby terminate their employment relationship effective November 9, 2004 (“Separation Date”). China acknowledges that he is
subject to an employment contract and that all obligations of IES under that contract have been fulfilled or are fulfilled in full by this agreement and that IES has the right to terminate his employment without any further liability of any kind to
IES or its officers, directors or employees, including but not limited to payments of any kind pursuant to such contract. 
  

	2.	Severance Payment 

  
 In return for this entire Agreement and particularly for the releases set forth in paragraph 4, 9 and 10 below, IES will pay China a lump sum severance
payment of $103,609.99 (less applicable state and federal taxes, Medicare, FICA and other customary deductions) as set out in paragraph 6 below. Additionally, China will receive additional severance of $610,500.24 that will be paid in the form of
base salary continuation in accordance with IES’s regular payroll schedule. These severance amounts will be paid as indicated following receipt of the Mutual Agreement and Release by the Company and within five (5) days of the satisfaction of
the revocation period as set out in paragraph 6 below. Salary continuation payments shall be made until the full severance benefit has been paid. Additionally, IES will pay the cost of continuing medical and dental health care coverage for China and
eligible dependents under COBRA for a period of 18 months. The total severance payment to be paid to China is $714,110.23 (less applicable state and federal taxes, Medicare, FICA and other customary deductions). 
  

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 China agrees that IES may retain any amounts owed to IES and credit it to any amounts owed to IES from
China. Such credited amounts will be considered paid to China for the purpose of this Agreement and will not affect the validity of this Agreement and the releases contained herein. China acknowledges that the severance payment constitutes good and
valuable consideration for the promises, releases, waivers and assignments contained in this Agreement. The severance payment set forth in this paragraph includes the severance amount due to China under any contract, plan, policy, practice or
guideline of IES. China agrees that, without his signature on this Agreement, IES is not required to pay any sum as severance. 
  
 The final payment for all work and services provided by China before the Separation Date has been paid separately and such payment has fully satisfied all
obligations for compensation that IES owed to China through such date. 
  

	3.	Other Benefit and Compensation Plans 

  
 This Agreement does not affect any previously vested rights to funds or benefits under the IES welfare or benefit plans. All benefits and distributions
under those plans will be paid according to the terms and conditions of those plans. IES agrees that China may exercise any presently vested and exercisable stock options according to the terms and provisions of the relevant stock option plan,
provided he does not have insider information. 
  
 PLEASE
READ CAREFULLY. THIS AGREEMENT INCLUDES A COMPLETE RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 
  

	4.	Release and Waiver 

  
 As a material inducement to IES to enter into this Agreement and the severance benefit payment discussed in paragraph 2 above, Richard L. China, on behalf
of himself and his heirs and assigns, does hereby RELEASE, ACQUIT, AND FOREVER DISCHARGE Integrated Electrical Services, Inc., its successors, present and former employees, corporate officers, directors, corporate affiliates (“the
parties released”), of and from any and all liability of any kind and character, including attorney’s fees, whatsoever arising from, growing out of, or in any way connected with his employment with IES or separation there from or the
negligent or intentional acts, statements or omissions of the parties released at any time up to and including the date of execution of this Agreement. China declares that it is his intention to fully release IES and all of the parties released from
any and all liability of any kind and character whatsoever arising from, growing out of, or in any way connected with his employment with IES or separation there from including, but not limited to, known and unknown claims, in negligence, contract
or in tort, which arose at any time prior to the execution of this Agreement, under any Federal or State statute including, but not limited to, the Age Discrimination in Employment Act, as amended, 29 U.S.C. §§ 621 - 634; Older Workers
Benefit Protection Act, as amended, 29 U.S. §§ 621, 623; Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000e - 2000e-17; the Fair Labor Standards Act of 1938 as amended; the Equal Pay Act of 1963, as
amended, 29 U.S.C. §§ 206(d); the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1001 - 1461; the Worker Adjustment and Retraining Notification Act, as amended, 29 U.S.C. § 2101 et seq.; the

  

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National Labor Relations Act, as amended, 29 U.S.C. §§ 151-169; Family and Medical Leave Act of 1993, as amended, 29 U.S.C. § 825 et seq.
Americans with Disability Act of 1990, as amended, 42 U.S.C. §§ 12101 et. seq.; infliction of emotional distress, defamation, personal injury, breach of contract, the Texas Commission on Human Rights Act; Tex. Lab. Code §§ 21.001
– 21.405; the Civil Law of the State of Texas; and the statutory and common law of these United States, collectively and singularly. 
  
 This is a full and final release, without limitation, of all known, unknown, and suspected claims. This complete release is intended to be for the benefit
of the parties released. China waives all rights to re-employment, reinstatement or independent contractor status with IES and agrees not to apply for re-employment, reinstatement or future employment with IES. The preceding sentence does not
restrict IES from contacting China for future employment or independent contractor services. This Agreement is not intended to and does not affect the rights, if any, that China may have for medical plan reimbursements, unemployment compensation or
presently pending worker’s compensation claims. 
  

	5.	Indemnification 

  
 As a further part of this Agreement, China hereby agrees to indemnify and hold the parties released harmless from and against any and all loss, costs,
damages, or expenses, including, without limitation, attorney’s fees, incurred by the parties released and arising out of any negligent or intentional breach of the Agreement by China or because any of the representations made herein by China
were false when made. China also hereby assigns to the parties released all causes of actions he or his heirs or assigns may have arising from his employment or termination thereof. 
  

	6.	Review and Revocation of Release; Effective Date 

  
 China acknowledges that he has had a full and fair opportunity to review this Agreement and has been allowed at least twenty-one (21) (“Review
Period”) days to consider whether to accept the benefits of the Agreement in return for the release. China hereby certifies and represents that the decision to execute this Agreement was made after adequate reflection concerning the purposes
and effects of this Agreement, and was not coerced by the parties released or anyone acting on their behalf or in concert with them. China represents that he understands the reasons for his employment termination and has had the opportunity to fully
consider the terms, contents and conditions of this Agreement. Consequently, China has fully informed himself and warrants and represents that he knowingly and voluntarily executed this Agreement after his separation from employment with IES. The
waivers contained herein are not intended to release any claims arising after the full execution of this Agreement. 
  
 China and IES agree that he shall have seven (7) calendar days (the “Revocation Period”) following the date he executes this Agreement to revoke
his acceptance of this Agreement and the Release set forth in paragraph 4 of this Agreement. China and IES agree and acknowledge that a revocation of this Agreement must be received before the expiration of the Revocation Period to Margery M.
Harris; 1800 West Loop South, Suite 500, Houston, Texas 77027. This Agreement will become effective, binding and irrevocable upon signing this agreement. Severance payment, in the form of lump sum amount and base salary continuation will commence
after IES’s receipt of 

  

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a completely executed copy of this Agreement and within five (5) days of the satisfaction of the revocation period. 
  

	7.	Confidentiality of Agreement 

  
 China agrees that the terms and conditions of this Agreement shall be treated as confidential, and agrees not to disclose such terms and conditions to any
third party. The preceding sentence shall not be applicable to disclosure or discussion with representatives of the Internal Revenue Service or the Social Security Administration, China’s immediate family members or professionals from whom
legal or financial advice is sought (provided they are instructed and agree to keep the information confidential), or as otherwise required by law. 
  

	8.	Confidentiality of Information 

  
 China acknowledges that while he was employed by IES, China had access to confidential business information of IES and its subsidiaries and affiliated
companies, including technical ideas; concepts and information; business strategies; long-term and short-term goals; business opportunities; and financial data and other business information (cumulatively referred to herein as IES’s
“Proprietary Information”). China represents to IES that he has returned to IES all documents and things (including magnetic media) belonging to IES, including all documents embodying or containing any of IES’s Proprietary
Information. China acknowledges his continuing obligation to maintain in confidence IES’s Proprietary Information and to refrain from using such Proprietary Information or disclosing it to any other person, company or entity. China agrees not
to communicate with any third party (including reporters, editors, and employees of trade publications, newspapers, magazines, etc.) concerning any matter involving the IES’s business and/or confidential information or Proprietary Information.
The foregoing paragraph is not intended and does not restrict the personal use of the confidential information for the sole purpose of formulating, arranging and proposing to IES and offer to buy one or more of the wholly owned subsidiaries of IES.

  

	9.	Transition and Cooperation 

  
 Upon IES’s reasonable request, Employee agrees to cooperate fully and consult with IES, their officers and employees, at all times concerning his
former areas of responsibility. This obligation includes, without limitation, full and good faith cooperation with IES and their officers, employees and/or attorneys concerning any litigation where Employee is or may be a witness or have relevant
information. 
  
 China agrees that he further agree they will not
now and will not in future disparage either parties name, reputation or business, IES Integrated Electrical Services, Inc. or of its officers, directors, affiliates or employees to any third party particularly including any customers or vendors.
This non-disparagement includes an agreement to not participate or cooperate in any litigation contrary to the interest of IES, Integrated Electrical Services, Inc. or any of its subsidiaries, to the degree allow by law. If any governmental or
private entity requests any information or statement about the Company or its officers, directors, affiliates or employees, China will give the Company immediate notice of such request to allow the Company to defend against the disclosure of such
information. 
  

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	10.	Non-Solicitation Obligations 

  
 In addition to any other similar obligation owed by Employee agrees that for a period of six (6) months from the Separation Date, he shall not, directly
or indirectly, for himself or for others’ solicit, request or induce (i) any employee of IES or any of its subsidiaries or affiliated companies to terminate his employment with the IES or such subsidiaries or affiliates, or (ii) any customer,
contractor or representative having a business relationship with IES or any of its subsidiaries or affiliated companies to alter, affect, modify, change, diminish or terminate such business relationship; or retain, hire or otherwise employ any
individual who was employed by IES as of the Separation Date. As used herein, the term “subsidiary or affiliated IES shall mean an entity that directly or indirectly controlled by or under the common control of IES. The foregoing paragraph will
be waived to the extent and only to the extent that the Board of Directors approves of and China makes bids for one or more wholly owned subsidiaries of IES and in that event, this paragraph is waived only with respect to the employees at those
subsidiaries. 
  
 Further, China agrees the following provisions
of his employment agreement dated August 12, 2003 shall survive: Non-Competition, Return of Company Property, Inventions, Trade Secrets, and Confidentiality. The Non-Competition provision of China’s employment agreement is waived to the extent
necessary to allow him to own, run, manage or otherwise operate any wholly owned subsidiaries that are purchased from IES or its subsidiaries. 
  

	11.	Miscellaneous 

  
 The provisions of the Agreement are severable, and if any part of it is found to be unlawful or unenforceable, then such part will be deemed changed or
deleted to the minimal extent necessary to make the entire Agreement lawful and enforceable. The other provisions of this Agreement shall remain fully valid and enforceable to the maximum extent consistent with applicable law. 
  
 China acknowledges and agrees (i) he is responsible for any tax liability
that may result as a consequence of the receipt of the severance benefits described herein, (ii) IES makes no representation of the taxability of these funds and (iii) IES has encouraged him to seek advice from a personal tax advisor regarding the
duty and manner to report any possible tax consequences. The money paid under this Agreement does not come from a qualified retirement plan and therefore it may not be rolled into any other qualified plan or Individual Retirement Account.

  
 China represents and agrees that he: (i) was specifically
advised to and fully understands his rights to discuss all aspects of this Agreement with an attorney, his immediate family and financial counselor, (ii) has, to the extent he desires, availed himself of these rights, (iii) has carefully read and
fully understands all the provisions of this Agreement, and (iv) has entered into and executed this Agreement knowingly and without duress or coercion from any source. 
  
 China understands and agrees that this Agreement may not be used as evidence in any proceeding against the parties released
except in a proceeding based solely upon a specific allegation that the parties released have breached this Agreement or in a proceeding in which either party presents testimony about matters covered by this Agreement. The parties released 

  

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believe and assert that China has been treated in a fair and lawful manner, and it is agreed between the parties that nothing herein is intended or shall be
construed as an admission of fault or liability by the parties released. 
  
 China understands and agrees that this Agreement is being executed by IES on behalf of itself, and its corporate affiliates and that all of the rights of IES under this Agreement and all of China’s obligations
and duties under this Agreement will inure to the benefit of and may be enforced by IES, or any of their affiliates or any of the parties released. 
  
 This Agreement sets forth the entire agreement between the parties and fully supersedes all prior written and oral agreements, understandings and
representations between the parties. China represents, warrants and agrees that he does not rely and has not relied upon any representation or statement made by any officer, director, agent or representative of IES, or any subsidiary or affiliate of
IES with regard to the subject matter, background or effect of this Agreement, except as expressly set forth in this Agreement. 
  
 This Agreement shall be governed and construed under the laws of the State of Texas. Any legal proceeding arising as a result of or relating to this
Agreement, China’s employment or separation shall be filed and heard in the City of Houston, Harris County, Texas without regard to conflicts of law. 
  
 This Agreement is executed in duplicate originals and is effective and enforceable only after both parties have signed the Agreement and an original
executed Agreement has been returned to IES. China acknowledges that he has read this Agreement, has understood it and knowingly and voluntarily desires to sign it. 
  

									
	Accepted, Understood and Agreed	 	 	 	IES Management, L.P.
	 	 	 	 	 By: IES Residential Group, Inc.
 Its Managing General Partner

	 	 	 	 	 
				
	 	 	 	 	By:	 	 
	Richard L. China	 	 	 	 	 	Margery M. Harris
					
	 Date:
	 	 	 	 	 	 Title:
	 	Sr. Vice President, Human Resources
					
	 	 	 	 	 	 	 Date:
	 	 

  

 Page 6 of 6Form of Amended and Restated Employment Agreement  - Daniel Petro

  
 Exhibit 10.5

  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT

  
 This Amended and Restated Employment Agreement (the
“Restated Agreement”) by and between Integrated Electrical Services, Inc. (the “Company”), a Delaware corporation and a wholly owned subsidiary of Integrated Electrical Services, Inc., a Delaware corporation (“IES”),
IES and Danniel J. Petro (“Executive”) is hereby entered into effective as of this              day of
                    , 2003 (the “Effective Date”). 
  
 RECITALS 
  
 As of the Effective Date, the Company, IES and other subsidiaries of IES (collectively, the “IES Companies”) are engaged primarily in the
providing of electrical and communications contracting services. 
  
 The Company and Executive have previously entered into an Employment Agreement dated effective as of January 26, 1998 (the “Employment Agreement”) that sets forth certain terms and conditions relating to Executive’s
employment with the Company. 
  
 The Company and Executive have
determined that the Employment Agreement should be amended and restated. 
  
 Therefore, in consideration of the mutual promises, terms, covenants and conditions set forth herein and the performance of each, it is hereby agreed that the Employment Agreement is amended and restated in its
entirety as follows: 
  
 AGREEMENTS 
  
 1. Employment and Duties. The Company hereby employs Executive as
Regional Operating Officer or in such other position with the Company, IES or another IES Company as from time to time is determined by the Company or IES. 
  
 2. Term. The term of this Restated Agreement shall commence on the Effective Date and continue until terminated by either the Executive or the
Company or IES upon ten (10) days’ prior written notice. In the event of termination of the Restated Agreement, the provisions of paragraphs 3, 4, 5, 6 and 7 herein shall survive pursuant to their terms. 
  
 3. Non-Competition Agreement. 
  
 (a) Executive recognizes that the Company’s and
IES’ willingness to enter into this Restated Agreement is based in material part on Executive’s agreement to the provisions of this paragraph 3 and that Executive’s breach of the provisions of this paragraph 3 could materially damage
the IES Companies. Subject to the further 

  

 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 
provisions of this Restated Agreement, Executive will not, during the term of his employment with any IES Company, and for a period of eighteen (18) months
immediately following the termination of such for any reason whatsoever, except as may be set forth herein, directly or indirectly, for himself or on behalf of or in conjunction with any other person, company, partnership, corporation or business of
whatever nature: 
  
 (i) engage, as an officer,
director, shareholder, owner, partner, joint venturer, or in a managerial capacity, whether as an employee, independent contractor, consultant or advisor, or as a sales representative, in any electrical contracting or communications business in
direct competition with any IES Company within 100 miles of where any IES Company conducts business, including any territory serviced by an IES Company during the term of Executive’s employment (the “Territory”); 
  
 (ii) hire, employ (or offer to hire or employ) any IES
Company employee for the purpose or with the intent of enticing such employee away from or out of the employ of the IES Company; 
  
 (iii) call upon any person or entity which is, at that time, or which has been, within one (1) year prior to that time, a customer of an
IES national account or IES Company within the Territory for the purpose of soliciting or selling electrical or communications contracting products or services; 
  
 (iv) call upon any prospective acquisition candidate, on Executive’s own behalf or on behalf of any
competitor, which candidate was, to Executive’s knowledge after due inquiry, either called upon by an IES Company or for which an IES Company made an acquisition analysis, for the purpose of acquiring such entity; or 
  
 (v) disclose customers, whether in existence or proposed, of
an IES Company to any person, firm, partnership, corporation or business for any reason or purpose whatsoever except to the extent that the IES Company has in the past disclosed such information to the public for valid business reasons. 

 
 Notwithstanding the above, the foregoing covenant shall
not be deemed to prohibit Executive from acquiring as an investment not more than one percent (1%) of the capital stock of a competing business, whose stock is traded on a national securities exchange, the NASDAQ Stock Market or on an
over-the-counter or similar market, unless the Board of Directors of the Company consents to such acquisition. 
  
 (b) Because of the difficulty of measuring economic losses to the IES Companies as a result of a breach of the foregoing covenant, and
because of the immediate and irreparable damage that could be caused to the IES Companies for which they would have no other adequate remedy, Executive agrees that foregoing covenant may be enforced by the Company or IES, in the event of breach by
Executive, by 

  

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 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 
injunctions and restraining orders. Executive further agrees to waive any requirement for the securing or posting of any bond in connection with such
remedies. 
  
 (c) It is agreed by the parties
that the foregoing covenants in this paragraph 3 impose a reasonable restraint on Executive in light of the activities and business of the IES Companies on the date of the execution of this Agreement and the current plans of the IES Companies; but
it is also the intent of the Company and IES and Executive that such covenants be construed and enforced in accordance with the changing activities, business and locations of the IES Companies throughout the term of this covenant, whether before or
after the date of termination of the employment of Executive, unless the Executive was conducting such new business prior to any IES Company conducting such new business. For example, if, during the term of this Restated Agreement, an IES Company
engages in new and different activities, enters a new business or establishes new locations for its current activities or business in addition to or other than the activities or business enumerated under the Recitals above or the locations currently
established therefore, then Executive will be precluded from soliciting the customers or employees of such new activities or business or from such new location and from directly competing with such new business within 100 miles of its
then-established operating location(s) through the term of this covenant, unless the Executive was conducting such new business prior to any IES Company conducting such new business. 
  
 (d) It is further agreed by the parties hereto that, in the event that Executive shall cease to be employed
hereunder and shall enter into a business or pursue other activities not in competition with the electrical contracting activities of the IES Companies or similar activities or business in locations the operation of which, under such circumstances,
does not violate clause (a)(i) of this paragraph 3, and in any event such new business, activities or location are not in violation of this paragraph 3 or of Executive’s obligations under this paragraph 3, if any, Executive shall not be
chargeable with a violation of this paragraph 3 if the IES Companies shall thereafter enter the same, similar or a competitive (i) business, (ii) course of activities or (iii) location, as applicable. 
  
 (e) The covenants in this paragraph 3 are severable and
separate, and the unenforceability of any specific covenant shall not affect the provisions of any other covenant. Moreover, in the event any court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth
are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent that the court deems reasonable, and the Agreement shall thereby be reformed. 
  
 (f) All of the covenants in this paragraph 3 shall be
construed as an agreement independent of any other provision in this Restated Agreement, and the existence of any claim or cause of action of Executive against the IES Companies, whether predicated on this Restated Agreement or otherwise, shall not
constitute a defense to the enforcement by IES or the Company of such covenants. It is specifically agreed that the period of eighteen (18) months (subject to the further provisions of this Restated Agreement) 

  

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 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 
following termination of employment stated at the beginning of this paragraph 3, during which the agreements and covenants of Executive made in this
paragraph 3 shall be effective, shall be computed by excluding from such computation any time during which Executive is in violation of any provision of this paragraph 3. 
  
 (g) The Company and IES and Executive hereby agree that this covenant is a material and substantial part of
this transaction. 
  
 4. Return of Company Property. All
records, designs, patents, business plans, financial statements, manuals, memoranda, lists and other property delivered to or compiled by Executive by or on behalf of the Company, IES or any IES Companies or their representatives, vendors or
customers which pertain to the business of the Company or IES or any IES Companies shall be and remain the property of the Company or IES or the IES Company, as the case may be, and be subject at all times to their discretion and control. Likewise,
all correspondence, reports, records, charts, advertising materials and other similar data pertaining to the business, activities or future plans of the Company or IES or the IES Company which is collected by Executive shall be delivered promptly to
the Company without request by it upon termination of Executive’s employment. 
  
 5. Inventions. Executive shall disclose promptly to the Company (or to IES or his then-current IES Company employer if it is other than the Company) any and all significant conceptions and ideas for inventions,
improvements and valuable discoveries, whether patentable or not, which are conceived or made by Executive, solely or jointly with another, during the period of employment or within one year thereafter, if conceived during employment, and which are
directly related to the business or activities of the IES Companies and which Executive conceives as a result of his employment by the IES Companies. Executive hereby assigns and agrees to assign all his interests therein to the Company or its
nominee. Whenever requested to do so by the employing IES Company, Executive shall execute any and all applications, assignments or other instruments that such IES Company shall deem necessary to apply for and obtain Letters Patent of the United
States or any foreign country or to otherwise protect the IES Company’s interest therein. 
  
 6. Trade Secrets. Executive agrees that he will not, during or after the term of this Restated Agreement, disclose the specific terms of the Company’s, IES’ or IES Companies’ relationships or
agreements with their respective significant vendors or customers or any other significant and material trade secret of the Company, IES or IES Companies, whether in existence or proposed, to any person, firm, partnership, corporation or business
for any reason or purpose whatsoever. 
  
 7.
Confidentiality. 
  
 (a) Executive
acknowledges and agrees that all Confidential Information (as defined below) of the IES Companies is confidential and a valuable, special and unique asset of the IES Companies that gives the IES Companies an advantage over their actual and
potential, current and future competitors. Executive further acknowledges and agrees 

  

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 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 
that Executive owes the IES Companies a fiduciary duty to preserve and protect all Confidential Information from unauthorized disclosure or unauthorized use,
that certain Confidential Information constitutes “trade secrets” under applicable laws and, that unauthorized disclosure or unauthorized use of the IES Companies’ Confidential Information would irreparably injure the IES Companies.

  
 (b) Both during the term of Executive’s
employment and after the termination of Executive’s employment for any reason (including wrongful termination), Executive shall hold all Confidential Information in strict confidence, and shall not use any Confidential Information except for
the benefit of the IES Companies, in accordance with the duties assigned to Executive. Executive shall not, at any time (either during or after the term of Executive’s employment), disclose any Confidential Information to any person or entity
(except other employees of the IES Companies who have a need to know the information in connection with the performance of their employment duties), or copy, reproduce, modify, decompile or reverse engineer any Confidential Information, or remove
any Confidential Information from the IES Companies’ premises, without the prior written consent of the President of the employing IES Company, or permit any other person to do so. Executive shall take reasonable precautions to protect the
physical security of all documents and other material containing Confidential Information (regardless of the medium on which the Confidential Information is stored). This Restated Agreement applies to all Confidential Information, whether now known
or later to become known to Executive. 
  
 (c)
Upon the termination of Executive’s employment with the IES Companies for any reason, and upon request of the employing IES Company at any other time, Executive shall promptly surrender and deliver to the IES Company all documents and other
written material of any nature containing or pertaining to any Confidential Information and shall not retain any such document or other material. Within five days of any such request, Executive shall certify to the IES Company in writing that all
such materials have been returned. 
  
 (d) As
used in this Agreement, the term “Confidential Information” shall mean any information or material known to or used by or for the IES Companies (whether or not owned or developed by the IES Company and whether or not developed by
Executive) that is not generally known to persons in the electrical contracting business. Confidential information includes, but is not limited to, the following: all trade secrets of the IES Companies; all information that the IES Companies have
marked as confidential or has otherwise described to Executive (either in writing or orally) as confidential; all nonpublic information concerning the IES Companies’ products, services, prospective products or services, research, product
designs, prices, discounts, costs, marketing plans, marketing techniques, market studies, test data, customers, customer lists and records, suppliers and contracts; all IES Companies business records and plans; all IES Companies personnel files; all
financial information of or concerning the IES Companies; all information relating to operating system software, application software, software and system methodology, hardware platforms, technical information, inventions, computer 

  

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 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 
programs and listings, source codes, object codes, copyrights and other intellectual property; all technical specifications; any proprietary information
belonging to the IES Companies; all computer hardware or software manual; all training or instruction manuals; and all data and all computer system passwords and user codes. 
  
 8. Release. Notwithstanding anything in this Restated Agreement to the contrary, Executive shall not be entitled to
receive any payments pursuant to this Restated Agreement unless Executive has executed (and not revoked) a general release of all claims Executive may have against the IES Companies in a form of such release reasonably acceptable to the employing
IES Company. 
  
 9. Termination Payment. In the event the
employing IES Company determines to terminate Executive without cause during the term of this Restated Agreement, the employing IES Company shall pay Executive one times his then-current annual salary, payable pursuant to normal payroll practice in
return for Executive’s continuing to be bound by the terms of paragraph 3 of this Restated Agreement for a period of eighteen (18) months from the date of termination. 
  
 In the event Executive voluntarily terminates his employment or if Executive is terminated by the employing IES company for
cause no payment shall be due and the terms of paragraph 3 of this Restated Agreement shall continue for a period of eighteen (18) months from the date of termination. 
  
 10. Complete Agreement. The Employment Agreement dated effective as of January 26, 1998 is hereby amended and
restated in its entirety by this Restated Agreement. Executive has no oral representations, understandings or agreements with the Company, IES or any of their officers, directors or representatives covering the same subject matter as this Restated
Agreement. This written Restated Agreement is the final, complete and exclusive statement and expression of the agreement between the Company, IES and Executive and of all the terms of this Restated Agreement, and it cannot be varied, contradicted
or supplemented by evidence of any prior or contemporaneous oral or written agreements. This written Restated Agreement may not be later modified except by a further writing signed by a duly authorized officer of the Company, IES and Executive, and
no term of this Restated Agreement may be waived except by writing signed by the party waiving the benefit of such term. Without limiting the generality of the foregoing, either party’s failure to insist on strict compliance with this Restated
Agreement shall not be deemed a waiver thereof. 
  
 11.
Notice. Whenever any notice is required hereunder, it shall be given in writing addressed as follows: 
  

			
	 To the Company:
	  	Integrated Electrical Services, Inc.
	 	  	Attn: Regional Operating Office
	 	  	630 Kissimmee Avenue
	 	  	Ocoee, FL 34761

  

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 Danniel J. Petro, Amended And Restated Employment Agreement 
  

			
	 with a copy to:
	  	Law Department
	 	  	Integrated Electrical Services, Inc.
	 	  	1800 West Loop South, Suite 500
	 	  	Houston, Texas 77027
		
	To Executive:	  	Danniel J. Petro
	 	  	P.O. Box 737
	 	  	Ocoee, FL 34761

  
 Notice shall be deemed given and
effective on the earlier of three (3) days after the deposit in the U.S. mail of a writing addressed as above and sent first class mail, certified, return receipt requested, or when actually received. Either party may change the address for notice
by notifying the other party of such change in accordance with this paragraph 11. 
  
 12. Severability; Headings. If any portion of this Restated Agreement is held invalid or inoperative, the other portions of this Restated Agreement shall be deemed valid and operative and, so far as is
reasonable and possible, effect shall be given to the intent manifested by the portion held invalid or inoperative. The paragraph headings herein are for reference purposes only and are not intended in any way to describe, interpret, define or limit
the extent or intent of the Restated Agreement or of any part hereof. 
  
 13. Governing Law. This Restated Agreement shall in all respects be construed according to the laws of the State of Texas without regard to its conflicts of law provisions. 
  
 14. Counterparts. This Restated Agreement may be executed
simultaneously in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same instrument. 
  

 Page 7 of 8 

 Danniel J. Petro, Amended And Restated Employment Agreement 
  

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective for all purposes as of the Effective
Date. 
  

			
	EXECUTIVE
		
	By:	 	 
	Name:	 	Danniel J. Petro
	Title:	 	Regional Operating Officer

  

			
	 Integrated Electrical Services, Inc.

		
	By:	 	 
	Name:	 	Ray Holan
	Title:	 	Assistant Secretary

  

			
	 INTEGRATED ELECTRICAL SERVICES, INC.

		
	By:	 	 
	Name:	 	Margery M. Harris
	Title:	 	Sr. Vice President, Human Resources

  

 Page 8 of 8

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