Document:

Form of Management Retention Agreement

 Exhibit 10.7 
 MATRIX SERVICE COMPANY 
 SEVERANCE AGREEMENT 
 This Severance Agreement (“Agreement”) is entered into on this      day of
                    , 200     by and between
             (“Employee”) and Matrix Service Company (“Company”). [This Agreement is written and intended to be in compliance with the provisions of Code §
409A and any Treasury Regulations promulgated there under.] [This Agreement amends and replaces the              (the “Original Agreement”) executed by the parties
effective                     , 200    , for the purpose of bringing the Original Agreement into compliance with
the provisions of Code § 409A and any Treasury Regulations promulgated there under.] 
 This Agreement is made and entered into by Company and Employee
in consideration of her continuing service and commitment to the Company. 
 I. Definitions: 
 A. “Adverse Event” means that the Employee has experienced an event that has a material adverse impact on Employee’s job position,
responsibilities, duties, authorities, compensation or opportunities within the Company. An Adverse Event shall be considered “material” under this Paragraph I.A where: (i) the Employee experiences any reduction in base salary;
(ii) the Employee experiences a reduction in salary range or opportunity for increases in salary; (iii) the Employee experiences a reduction in incentive compensation range or opportunity; (iv) there is a material reduction in the
Employee’s benefits or perquisites; (v) the Employee is reassigned to a position or role with a lower salary range, salary opportunity, incentive range or incentive opportunity; or (vi) the Employee experiences a material reduction in
responsibilities. 
 B. “Cause” means, with reference to a Severance Event or Triggering Event, that the Employee has been
severed from employment with the Company because of Employee’s theft of Company property, embezzlement or dishonesty that results in harm to the Company; continued gross or willful neglect of his job responsibilities after receiving written
warnings regarding such neglect from the Company; conviction of a felony or pleading nolo contender to a felony charged under state or federal law; or willful violation of Company policy. A determination by the Company Chief
Executive Officer and Chief Financial Officer that an event constituting “Cause” under this Agreement has occurred shall be binding upon the Company and the Employee. 
 C. “Change of Control” means (i) a “change in ownership” of the Company of greater than fifty percent (50%) of the
outstanding voting stock of the Company within a six (6) month period; (ii) a “change in the effective control” of the Company as determined by a change of greater than thirty-five percent (35%) of the Company’s
outstanding voting stock by a person or persons acting as a group within a twelve (12) month period; or (iii) a “change in the ownership of a substantial portion of the assets of the Company as these terms are defined under Code
§ 409A(a)(2)(A)(v) and Treasury 

 Regulations § 1.409A-3(g)(5) or other then existing and applicable Treasury Regulations promulgated under Code
§ 409A that define the terms “change of control” for deferred compensation arrangements. 
 Upon identification and notice to the Board of
Directors of the Company (“Board”) of the occurrence of one of the above events, the Board shall consider all the facts and circumstances at its next meeting, and shall confirm or deny by resolution or majority vote whether a “Change
of Control” exists within the meaning of this Agreement. Any similar determination by the Board that a “Change of Control” has occurred under the terms of any other deferred compensation or stock option plan offered by the Company to
Employees or Board members shall constitute a determination that a “Change of Control” has occurred within the meaning of this Agreement. 
 D. “Severance Benefit” means a payment of money to the Employee equal to one (1) year’s annual compensation as defined under Treasury Regulation § 1.415-2(d), as may be amended from time to time, excluding
bonuses. 
 E. “Severance Event” means that the Employee has been severed from employment by the Company without Cause.

 F. “Triggering Event” means an event described in Paragraph II.A, below. 
 II. Triggering Events and Payment of the Severance Benefit: 
 A. Triggering Events The Company shall pay the Employee the Severance Benefit only in the event there is one of the following Triggering Events: 
 1. There is a Change of Control of the Company and the Employee has suffered an Adverse Event on or within six (6) months following the Change of Control; or 
 2. The Employee has suffered a Severance Event either on the date of the Change of Control or within six (6) months following the Change of Control
date. 
 B. Payment of the Severance Benefit/Vesting of Stock Options 
 In the event a Triggering Event described in Paragraph II.A occurs: 
 1. Except with regard to a Forfeiture
Event as provided in Paragraph II.B.3, below, the Company shall pay to the Employee the Severance Benefit within the calendar year of the Triggering Event and, generally, within thirty (30) business days of the date of the Triggering Event. In
no event shall the payment of the Severance Benefit be made later than March 15th following the calendar year
in which the Triggering Event occurred; and 

 2. Except with regard to a Forfeiture Event as provided in Paragraph II.B.3, below, all stock options and
other forms of similar equity benefits granted to the Employee shall immediately vest, and all restrictions on such benefits shall lapse. 
 3. Forfeiture Events. 
 (a) Notwithstanding the above, the Company shall pay the Employee the Severance Benefit only upon the
condition that the Employee executes a waiver and release of claims and confidentiality agreement in a form satisfactory to the Company. Failure of the Employee to execute such agreement shall constitute an absolute forfeiture of the Severance
Benefit. 
 (b) The Employee shall absolutely forfeit the Severance Benefit and any vesting of stock options in the event the Employee
suffers a Triggering Event for “Cause.” 
 III. Miscellaneous Provisions: 
 A. Right to Terminate or Amend the Plan. The Company may amend or terminate this Agreement at any time, in writing, prior to the date a Triggering
Event occurs; provided, however, that any such amendment or termination shall not be effective in the event an Adverse Event, Change of Control or Severance Event occurs within twelve (12) months of any such amendment or termination.

 B. Successors to the Company. This Agreement shall be deemed assigned to and binding upon any successor entity to the Company, and
shall remain in effect in the event such successor entity agrees to be bound. In the event a successor entity fails to take action to be bound by this Agreement within sixty (60) days of its assuming control of the Company, then an Adverse
Event as defined by this Agreement shall be deemed to have occurred and the Severance Benefit shall be paid to the Employee within thirty (30) days thereafter. 
 C. Governing Law. This Plan shall be construed and governed by the laws of the State of Oklahoma, except when superceded by federal law. 
 D. No Trust. This Agreement shall not be deemed to create a trust in favor of the Employee. 
 E. No Assignment. The Employee’s rights under this Agreement may not be transferred, assigned or otherwise subject to alienation. The rights
created under this Agreement are not subject to the claims of any of the Employee’s creditors. 
 F. Payment of Taxes. In the
even that the terms of this Agreement are deemed by any state or federal taxing authority to create a presently ascertainable value constructively received by the Employee on the effective date of the Agreement, the Company shall pay to the Employee
the amount of any interest or penalties assessed specifically on account of the Agreement’s terms. 

 G. Headings. Headings contained in this Agreement are for the convenience of the Company and
Employee and do no alter, supplement or amend the terms and conditions of the Agreement. 
 H. No Contract for Services. The terms of
this Agreement do not create a contract for services for any specific duration between the Company and Employee. Upon experiencing a Severance Event, the only right provided to the Employee is the right to receive any Severance Benefit due the
Employee as stated herein. 
 I. Entire Agreement/Binding Nature of Agreement. This Agreement contains the entire agreement between
the Company and Employee. Unless expressly referenced herein, the terms of any prior arrangement governing the same subject matter do not survive the execution of this Agreement. 
  

			
	“EMPLOYEE”
		
	By:	 	  

	
	“COMPANY”
	MATRIX SERVICE COMPANY
		
	By:	 	  

		
	Its:Amendment to Award Agreements

 Exhibit 10.8 
 AMENDMENT TO AWARD AGREEMENTS 
 THIS AMENDMENT TO AWARD AGREEMENTS (this “Amendment”) is
made and entered into as of the 23rd day of October, 2006, by and between MATRIX SERVICE COMPANY, a Delaware corporation (“Company”), and HUGH E. BRADLEY, an individual (“Director”). 
 WHEREAS, the parties entered into award agreements (individually, an “Agreement,” and collectively, the “Agreements”), under
the Matrix Service Company 1995 Nonemployee Directors Stock Option Plan, as amended (the “Plan”), pursuant to which Director was granted options to purchase shares of the common stock, par value $0.01 per share, of the Company, at the
exercise prices per share set forth in each respective Agreement, subject to the terms and conditions set forth in the Agreements and the Plan; and 
 WHEREAS, Director is retiring from his position as director with the Company effective October 23, 2006 (the “Retirement Date”); and 
 WHEREAS, the parties wish to amend the Agreements in order to accelerate the vesting of any remaining unvested options and extend the period in which to exercise all outstanding options. 
 NOW, THEREFORE, the parties hereby amend the Agreements as follows: 
 1. Accelerated Vesting. Notwithstanding anything in Section 3 of the Agreements to the contrary, effective as of the Retirement Date, all remaining stock options awarded to Director in 2004 and 2005 shall
become immediately and fully exercisable. 
 2. Extension of Exercise Period. Notwithstanding anything in Section 3 of the
Agreements to the contrary, effective as of the Retirement Date, the expiration date of the exercise period for all outstanding stock options granted to Director under the Plan that have vested on or before the Retirement Date, shall be extended to
the first anniversary of the Retirement Date; provided, however, that no option shall be exercisable in any event after the expiration of ten years from the date of grant under the original Agreement. 
 3. Scope of Amendment. All Agreements with respect to all outstanding stock options granted to Director under the Plan shall be deemed to have
been amended hereby in accordance with Sections 1 (to the extent applicable thereto) and 2 hereof. All other terms and provisions of the Agreements and the Plan shall remain in full force and effect. 
 4. Successors and Assigns. This Amendment shall be binding upon the Company and Director as well as the successors and assigns (if any) of the
Company and Director. 
 5. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the
State of Delaware. 

 IN WITNESS WHEREOF, Director and the Company have executed this Amendment as of October 23,
2006. 
  

			
	MATRIX SERVICE COMPANY
		
	By:	 	 /s/ George L. Austin

		 	George L. Austin,
		 	 Vice President Finance
 and Chief Financial
Officer

	
	 /s/ Hugh E. Bradley

	HUGH E. BRADLEY, Director

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