Document:

EX-10.1

 

Exhibit 10.1

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made, effective as of August 21, 2007, by and between Gibraltar Industries,
Inc., a Delaware corporation, with offices at 3556 Lake Shore Road, Buffalo, New York 14219 (the
“Company”), and Brian J. Lipke, an individual residing at                     , Derby, New York 14047
(the “Executive”).

RECITALS:

     The Executive has been employed as the Chairman of the Board and Chief Executive Officer of
the Company pursuant to the terms of an employment agreement made by and between the Executive and
the Company and dated July 9, 1998 (such employment agreement being hereinafter the “Current
Employment Agreement”). The Current Employment Agreement amended and restated the Executive’s
original employment agreement with the Company dated November 1, 1993.

     The Company and the Executive desire to amend and restate the Current Employment Agreement to
permit the Executive to terminate his employment and receive a severance payment in the event that
the Company fails to honor its commitments under the Current Employment Agreement or otherwise
adversely changes the terms and conditions of the Executive’s employment, to make certain technical
changes including technical changes designed to conform the provisions of the payments which the
Executive is entitled to receive on a termination of his employment to the requirements of Internal
Revenue Code Section 409A and to effect an amendment of an award of restricted stock units made to
the Executive on April 6, 2005 to provide that if the Executive is employed by the Company at the
time he attains age sixty (60), the Executive’s rights to issuance of such restricted stock units
shall not be

 

 

forfeitable.
Executive has made and is expected to continue to make a major contribution to the
profitability, growth and financial strength of the Company. In addition, the Company considers
the continued services of the Executive to be in the best interests of the Company and its
stockholders.

CONSIDERATION:

     NOW, THEREFORE, in consideration of the conditions and covenants set forth in this Agreement,
the parties hereto agree as follows:

ARTICLE 1.

Employment and Duties

     1.01 Employment. The Company hereby agrees to, and does hereby employ the Executive,
and the Executive hereby agrees to and does hereby accept employment, as the Chief Executive
Officer of the Company and the Chairman of the Company’s Board of Directors. It is contemplated
that the Executive will continue to serve as the Chief Executive Officer of the Company and the
Chairman of the Company’s Board of Directors subject to the provisions of this Agreement and the
right of the Company’s Board of Directors to elect new officers and to appoint a new Chairman. The
Executive agrees that in the event his employment with the Company is terminated for any reason
whatsoever, effective as of the date of such termination the Executive will be deemed and
construed, without any further action on the part of the Executive (including, but not limited to,
the execution and delivery of a written resignation letter), to have resigned: (a) from his
position as Chairman of the Board of Directors; (b) from his position as Chief Executive Officer;
(c) from all other positions he may hold as an officer or director or member of the management of
any corporation or other entity that is directly or indirectly owned by the Company; and (d) from
any and all other positions he may hold with the Company or any of the Company’s direct or indirect
subsidiaries, whether as an officer or

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employee or as a member of any committee, board or other executive or administrative body.

     1.02 Duties. During the period of his employment under this Agreement the Executive
shall perform such executive duties and responsibilities as may be assigned to him, from time to
time, by the Board of Directors of the Company and shall be subject, at all times, to the control
of the Company’s Board of Directors. The Executive may become a director or trustee of any
corporation or entity that does not constitute a Competitive Operation as described in Section 4.03
hereof; provided that, the Executive will not be permitted to serve as a member of the board of
directors of more than three (3) companies whose shares are traded on a nationally recognized stock
exchange without first obtaining the approval of the Company’s Board of Directors. The Company
shall not require the Executive to perform services hereunder outside the Buffalo, New York
metropolitan area with such frequency or duration as would require the Executive to move his
residence from the Buffalo, New York area.

ARTICLE 2.

Compensation and Fringe Benefits

     2.01 Base Salary. The annual base salary of the Executive (hereinafter the “Base
Salary”) shall, for the 2007 calendar year, be equal to $660,000. Accordingly, during the period
beginning on the date this Agreement becomes effective and ending December 31, 2007, the Company
shall pay to the Executive such amount as may be required, when added to the amount of the base
salary payments made to the Executive prior to the date hereof, to pay to the Executive the
$660,000 amount of his Base Salary for 2007. The portion of the Executive’s Base Salary for the
2007 calendar year which is payable to the Executive after the date of this Agreement shall be paid
to the Executive in substantially equal installments, less applicable withholding taxes on the
dates that the Company issues payroll checks to the employees of the Company’s corporate offices
located at 3556 Lake Shore Road, Buffalo, New York. The Base

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Salary of the Executive for any Renewal Term (as hereinafter defined) shall be such amount as
may be determined by the Compensation Committee of the Company’s Board of Directors and shall be
paid to the Executive in substantially equal installments, less applicable withholding taxes at the
same time that the Company issues payroll checks to the employees of the Company’s corporate
offices located at 3556 Lake Shore Road, Buffalo, New York. If, at any time after the date hereof
the Base Salary of the Executive is increased, the term “Base Salary” as used in this Agreement
shall mean the Base Salary of the Executive as so increased.

     2.02 Incentive Compensation. Subject to the following provisions of this Section
2.02, the Executive shall be entitled to participate in the Company’s Management Incentive
Compensation Plan (the “MICP”) and the Company’s Long Term Incentive Plan (the “LTIP”). Payment of
the amount, if any, of any bonus the Executive may become entitled to receive pursuant to the terms
of the MICP shall be made to the Executive in accordance with the terms of the MICP. The
Executive shall also be entitled to additional bonuses which the Compensation Committee of the
Board of Directors of the Company, in its sole discretion, may determine and approve.

     2.03 Reimbursement of Expenses. The Company shall reimburse the Executive for all
reasonable expenses which the Executive may, from time to time, incur on behalf of the Company in
the performance of his responsibilities and duties under this Agreement, provided that the
Executive accounts to the Company for such expenses in the manner prescribed by the Company.

     2.04 401(k) Restoration Plan.

          (a) The Company currently maintains a non-qualified plan of
deferred compensation for certain of its executives which is known as the “Gibraltar 401(k)
Restoration

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Plan”, as amended. During the period of the Executive’s employment with the Company pursuant
to this Agreement, the Executive shall be entitled to participate in the Gibraltar 401(k)
Restoration Plan as the same may be amended from time to time following the date of this Agreement.

     2.05 Tax Qualified Plans. The Executive shall be entitled to participate in all tax
qualified pension, profit sharing, 401(k) or other tax qualified plans maintained, from time to
time, by the Company for the employees of the Company who are employed at the Company’s Buffalo,
New York corporate offices.

     2.06 Group Welfare Benefits. During the period of the Executive’s employment under
the terms of this Agreement, the Executive shall be eligible to participate in the group health and
welfare benefits plans and programs which are maintained by the Company for exempt salaried
employees employed at the Company’s Buffalo, New York corporate offices. Notwithstanding the
foregoing, the Company shall have no obligation to maintain or provide such group welfare benefits
to the Executive unless the Executive pays to the Company, on a monthly basis, the employee portion
of any costs associated with the maintenance and provision of such benefits by the Company to
exempt salaried employees employed by the Company at its Buffalo, New York corporate offices. In
addition, during the period of the Executive’s employment under the terms of this Agreement, the
Executive shall be eligible to participate in the group health and welfare plans and programs
maintained by the Company for its executive officers.

     2.07 Vacation and Other Benefits. During each full year of the Executive’s employment
hereunder, the Executive shall be entitled to paid vacations for such reasonable periods of time as
may be prescribed in the Company’s vacation policy in effect for salaried

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employees employed at the Company’s Buffalo, New York corporate offices. For purposes of
determining the amount of paid vacation which the Executive is entitled to receive, all of the
Executive’s years of service with the Company or any of its affiliates shall be included. In
addition, the Executive shall be entitled to receive all other employment benefits and participate
in such other employee benefit plans as may, from time to time, be provided or maintained by the
Company for salaried employees employed at the Company’s Buffalo, New York corporate offices.

ARTICLE 3.

Term and Termination

     3.01 Term.

          (a) (a) The period of employment of the Executive under this Agreement shall
begin on the date hereof and, provided that the Company delivers a written notice to the Executive
on or prior to September 1, 2007, which written notice states that the Company is electing not to
renew the period of the Executive’s employment hereunder, shall end on December 31, 2007 (unless
terminated sooner as provided for in Section 3.01(b) hereof). If the Company does not deliver the
written notice described in the preceding sentence to the Executive by September 1, 2007, the
period of the Executive’s employment hereunder shall automatically be extended for an additional
period of twelve (12) consecutive months beginning January 1, 2008, and ending December 31, 2008,
(such twelve (12) consecutive month period and any subsequent twelve (12) consecutive month period
hereinafter described in this Section 3.01(a) being hereinafter referred to as a “Renewal Term”).
If the period of the Executive’s employment pursuant to this Agreement is renewed on January 1,
2008 (as provided for in the preceding sentence) or any subsequent January 1 (pursuant to the
following provisions of the following sentence), unless terminated sooner as provided for in
Section 3.01(b) hereof, the

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period of the Executive’s employment pursuant to this Agreement shall end on the last day of the then
applicable Renewal Term provided that, on or before September 1, of the then applicable Renewal
Term, the Company delivers a written notice to the Executive which states that the Company is
electing not to renew the period of the Executive’s employment hereunder. In the event that the
Company does not deliver such a written notice to the Executive on or before September 1, 2008 or
September 1 of any subsequent Renewal Term, a new Renewal Term of twelve (12) consecutive months
shall automatically begin on the next following January 1 (the day immediately following the end of
the then applicable Renewal Term) and end on the next following December 31.

          (b) Notwithstanding anything to the contrary contained in Section 3.01(a) above, the period of
the Executive’s employment pursuant to this Agreement shall be terminated upon the death of the
Executive and may be terminated as provided for in Sections 3.02, 3.03, 3.04, 3.05 and 3.06 hereof.

     3.02 Termination For Cause. Notwithstanding the provisions of Section 3.01 hereof,
the Company may terminate the Executive’s employment hereunder at any time for Cause (as defined
below), by delivering to the Executive a written notice of termination setting forth the date on
which such termination is to be effective and specifying in reasonable detail the facts and
circumstances claimed to provide a basis for the termination.

          For purposes of this Agreement, the Company shall have “Cause” to terminate the Executive’s
employment hereunder if the Compensation Committee determines (and provides the Executive a written
statement of its determination) that the Executive has engaged in egregious acts or omissions which
have resulted in material injury to the Company and its business; provided that, the Executive
shall not, under any circumstances, be deemed to have

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engaged in egregious acts or omissions if: (a) the acts or omissions have been committed or
omitted by the Executive in connection with the implementation of policies or procedures or
strategic initiatives which have been disclosed to the Board of Directors of the Company; and (b)
the Board of Directors of the Company has not directed the Executive not to implement any such
policies, procedures or strategic initiatives.

     3.03  Termination Without Cause. Notwithstanding anything to the contrary contained
in Section 3.01(a) hereof, the Company may, at any time on or after the date hereof, terminate the
Executive’s employment, without Cause (as “Cause” is defined in Section 3.02 above), by delivering
a written notice of termination to the Executive. Upon delivery by the Company to the Executive of
a written notice of termination as provided for herein, the Executive’s employment hereunder shall
be terminated effective as of the end of the ninety (90) day period beginning on the day following
the date the Company delivers the written notice of termination to the Executive. For purposes of
Section 6.02 hereof, if, as provided for by Section 3.01(a) hereof, on or before September 1, 2007
or September 1 of any applicable Renewal Term, the Company delivers a written notice to the
Executive which states that the Company is electing not to renew the period of the Executive’s
employment hereunder, the termination of the Executive’s employment with the Company which will
occur on the expiration of the Term or any Renewal Term immediately following the Company’s
delivery of such written notice to the Executive shall not be deemed and construed to be a
termination of the Executive’s employment by the Company without “Cause” and, instead, shall be
deemed and construed to be a retirement by the Executive from his employment.

     3.04 Termination by the Executive.

          (a) (a) Notwithstanding anything to the contrary
contained in Section 3.01(a)

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hereof, the Executive may terminate his employment hereunder at any time by delivering a
written notice of termination to the Company. Upon delivery by the Executive to the Company of a
written notice of termination as provided for herein, the Executive’s employment hereunder shall be
terminated effective as of the end of the ninety (90) day period beginning on the day following the
date on which the Executive delivers the written notice of termination to the Company.

          (b) For purposes of this Agreement, the Executive’s termination of his employment pursuant to
this Section 3.04 shall be deemed to be a “Good Reason Termination” if the reason that the
Executive has terminated his employment (which reason shall be specifically set forth in the
written notice of termination which is delivered by the Executive to the Company) is that: (i) the
Executive has been assigned duties or responsibilities that are substantially inconsistent with the
position, duties, responsibilities and status of the Company’s Chief Executive Officer; or (ii) the
Executive’s Base Salary has been reduced; or (iii) the Executive is required to move his residence
from the Buffalo, New York metropolitan area as a result of a relocation of the Company’s Buffalo,
New York corporate offices or a change in the duties of the Executive; or (iv) the Company breaches
any of its material obligations under this Agreement; or (v) the Company breaches any of its
obligations under this Agreement which is not material, and such breach is not cured by the Company
within thirty (30) days following the Company’s receipt of written notice of such breach from the
Executive.

     3.05 Disability. If, during the period of the Executive’s employment hereunder, it is
determined by either the Company or the Executive that the Executive suffers from a Total and
Permanent Disability, the party that makes the determination that the Executive suffers from a
Total and Permanent Disability shall provide written notice to the other party of such

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determination and, effective as of the last day of the calendar month in which such written
notice is delivered, the Executive’s employment with the Company hereunder shall be deemed to be
terminated. For purposes of this Agreement, the Executive shall be deemed to suffer from a Total
and Permanent Disability if the Executive’s personal physician certifies in writing that the
Executive is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than twelve (12) months.

     3.06 Retirement. The Executive may retire from his employment effective at any time
on or after the date he attains age sixty (60) by delivering to the Company a written notice of his
intent to terminate his employment with the Company and retire, which written notice shall set
forth the date on which such retirement (and its related termination of employment) is to be
effective. Upon delivery by the Executive to the Company of the written notice of his intent to
terminate his employment hereunder and retire (as provided for above) the Executive shall be deemed
to have retired from his employment with the Company effective as of the date the Executive’s
retirement is to be effective as specified in the written notice which the Executive delivers to
the Company containing the notice of his intent to terminate and retire; provided however, that
notwithstanding the foregoing, if the date on which the Executive’s retirement is to be effective
as set forth in the written notice which the Executive delivers to the Company is less than thirty
(30) days following the date on which the Executive delivers the written notice of his intention to
retire to the Company, the Executive’s retirement from his employment with the Company shall,
notwithstanding anything to the contrary contained in the written notice which the Executive
delivers to the Company containing notice of his intention to retire, be effective at the end of
the thirty (30) day period following the date the Executive delivers written notice of

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his intention to retire to the Company.

ARTICLE 4.

Confidentiality; Non-Compete Provisions

     4.01 Confidentiality. During the period of the Executive’s employment hereunder and
for a period of three (3) years following a termination, for any reason whatsoever, of the
Executive’s employment hereunder, the Executive agrees that he will not, without the written
consent of the Board of Directors of the Company, disclose to any person (other than a person to
whom disclosure is reasonably necessary or appropriate in connection with the performance by the
Executive of his duties as an executive of the Company or to a person as required by any order or
process of any court or regulatory agency) any material confidential information obtained by the
Executive while in the employ of the Company with respect to any management strategies, policies or
techniques or with respect to any products, improvements, formulae, designs or styles, processes,
customers, methods of distribution, or methods of manufacture of the Company or any of its
subsidiaries; provided, however, that confidential information shall not include any information
known generally to the public (other than as a result of unauthorized disclosure by the Executive)
or any information of a type not otherwise considered confidential by persons engaged in the same
business or a business similar to that conducted by the Company.

     4.02 Non-Compete. During a period of three (3) years after the date of any
termination of the Executive’s employment hereunder, the Executive will not, directly or
indirectly, own, manage, operate, control or participate in the ownership, management, operation or
control of, or be connected as an officer, employee, partner, director or otherwise with, or have
any financial interest in, or aid or assist anyone else in the conduct of, any business which
competes with any business conducted by the Company or with any group, division or subsidiary

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of
the Company in any geographic area where such business is being conducted at the time of
such termination (any such business, subject to the provisions of Section 4.03 below, being
hereinafter referred to as a “Competitive Operation”). Ownership by the Executive of 2% or less of
the voting stock of any publicly held Company shall not constitute a violation of this Section
4.02.

     4.03 Competitive Operation. For purposes of Section 4.02 hereof: (a) a business
shall not be deemed to be a Competitive Operation unless: (i) 10% or more of the consolidated gross
sales and operating revenues of the Company is derived from such business; or (ii) 10% or more of
the consolidated assets of the Company are devoted to such business; and (b) a business which is
conducted by the Company at the time of the Executive’s termination and which subsequently is sold
or discontinued by the Company shall not, subsequent to the date of such sale or discontinuance, be
deemed to be a Competitive Operation within the meaning of Section 4.02 hereof.

     4.04 Non-solicitation of Employees. During a period of three (3) years after the date
of any termination of the Executive’s employment hereunder, the Executive will not, solicit or
offer to employ any individuals that are employees of the Company or any of its subsidiaries or
wholly owned limited liability companies (including any executive officers of the Company) at the
time the Executive’s employment is terminated; provided that, the limitation on the right of the
Executive to solicit or offer to employ individuals as contained in this Section shall not apply to
any such individuals who, either before or after the termination of the Executive’s employment
hereunder, have terminated their employment with the Company, its subsidiaries and its wholly owned
limited liability companies.

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ARTICLE 5.

Death and Disability Benefits

     5.01 Death Benefits.

          (a) If: (a) the Executive dies during the period of the Executive’s employment hereunder; then
(b) the Company shall cause the beneficiary of the Executive (or, if none, the personal
representative of the Executive’s estate) to be paid any benefits payable to the beneficiaries of
the Executive on account of the Executive’s death as provided for by the terms of: (i) any life
insurance policies maintained by the Company for the benefit of the Executive; (ii) the Gibraltar
401(k) Plan; (iii) the Gibraltar 401(k) Restoration Plan; (iv) any equity based incentive
compensation awards granted to the Executive in connection with the LTIP; (v) any awards of
restricted stock, restricted stock units, options or other equity type awards granted to the
Executive under the terms of the Gibraltar Industries, Inc. 2005 Equity Incentive Plan, as the same
may be amended from time to time (hereinafter the “Omnibus Plan”) or otherwise granted to the
Executive; and (vi) any tax qualified retirement plans maintained by the Company; and (c) the
Company shall pay to the beneficiary of the Executive (or if none, the personal representative of
the Executive’s estate), in one lump sum payment, an amount equal to the sum of: (i) fifty percent
(50%) of the Executive’s Base Salary at the rate in effect on the date of the Executive’s death;
and (ii) all bonuses which would have been payable to the Executive under MICP if the Executive’s
employment had continued through the end of the fiscal year of the Company in which his death
occurs and if the performance of the Company under MICP had been at the target level of
performance. Payment by the Company to the beneficiary of the Executive (or, if none, the personal
representative of the Executive’s estate) of the amount described in subsection 5.01(c) above shall
be made by the Company no later than the end of the ninety (90) day period following the
Executive’s death and the Executive’s beneficiary (or, if none, the personal

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representative of the
Executive’s estate) shall not be permitted to designate the taxable year of the Executive in which
such payment is made.

          (b) Disability Benefits. If: (a) the Executive’s employment is terminated as a result
of his suffering of a Total and Permanent Disability; then (b) the Company shall cause the
Executive to be paid any benefits payable to the Executive on account of his suffering of a Total
and Permanent Disability under the terms of: (i) any disability insurance policies maintained by
the Company for the benefit of the Executive; (ii) the Gibraltar 401(k) Plan; (iii) the Gibraltar
401(k) Restoration Plan; (iv) any equity based incentive compensation awards granted to the
Executive in connection with the LTIP; (v) any awards of restricted stock, restricted stock units,
options or other equity type awards granted to the Executive under the Omnibus Plan or otherwise
granted to the Executive; and (vi) any tax qualified retirement plans maintained by the Company;
and (c) the Company shall pay to the Executive, in equal monthly installments, for each twelve (12)
month period beginning on the first day following the end of the six (6) month period which begins
on the date the Executive’s employment is terminated due to a Total and Permanent Disability and
for each twelve (12) month period which begins on each anniversary of the date on which such six
(6) month period begins (an “Anniversary Date”), for the remainder of the Executive’s life, an
amount equal to (i) his annual Base Salary in effect at the rate in effect on the date his
employment is terminated as a result of his suffering of a Total and Permanent Disability up to a
maximum of $251,078 per year (adjusted as set forth below); minus (ii) the sum of (A) the monthly
amounts, if any, payable to the Executive under the terms of any pension, profit sharing or
disability benefit plans maintained by the Company and in which the Executive was a participant at
the time his employment is terminated due to his suffering of a Total and Permanent Disability; (B)
the monthly amount of all social security,

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retirement or disability benefits payable to the
Executive by any agency of the United States Government or the State of New York for each such
twelve (12) month period; and (C) the
monthly amounts payable to the Executive pursuant to any policies of disability insurance
maintained by the Company. On each Anniversary Date, the $251,078 per year limit set forth above
shall be adjusted on a cumulative basis for each annual increase in the U.S. Department of Labor
Bureau of Labor Statistics Consumer Price Index for Urban Wage Earners and Clerical Workers, New
York, New York, 1982-84 = 100 measured between the month prior to the first month in which such
compensation payments were made and the month prior to the commencement of each such successive
year.

ARTICLE 6.

Severance and Effects of Termination

     6.01 Effect of Termination for Cause. In the event the Executive’s employment with the
Company is terminated by the Company for Cause (as permitted by Section 3.02 hereof), the Company
shall, on the date that the termination of the Executive’s employment becomes effective, pay to the
Executive in one lump sum payment, an amount equal to the sum of: (a) any monthly installments of
his Base Salary which are accrued and unpaid as of the date the termination of the Executive’s
employment becomes effective; and (b) any bonuses accrued for but not yet paid to the Executive for
the fiscal year of the Company ending immediately prior to the fiscal year of the Company in which
the Executive’s employment is terminated. After the amount required to be paid to the Executive by
the preceding sentence has been paid, the Company shall have no further obligation to pay the
Executive any additional Base Salary, compensation or bonuses and, except as otherwise provided in
Section 6.07 and Section 6.08 hereof, no further obligation to pay to or provide the Executive any
other benefits. For purposes of this Agreement, monthly installments of the Executive’s Base Salary
shall not be deemed to

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be “accrued” if they are payable at any time after the date on which the
termination of the Executive’s employment is effective.

     6.02 Effect of Termination Without Cause. In the event that the Executive’s
employment is terminated by the Company, without Cause (pursuant to Section 3.03 hereof), at any
time on or after the date hereof: (a) the Company shall, on the date that the termination of the
Executive’s employment with the Company is effective, pay to the Executive, in one lump sum
payment, less applicable withholding taxes, an amount equal to the sum of: (i) any monthly
installments of his Base Salary which are accrued and unpaid as of the date the termination of the
Executive’s employment becomes effective; and (ii) any bonuses accrued for but not yet paid to the
Executive for the fiscal year of the Company ending immediately prior to the fiscal year of the
Company in which the Executive’s employment is terminated; and (b) the Company shall, on the
earlier of the end of the six (6) month period following the date the termination of the
Executive’s employment is effective and the date of the Executive’s death, pay to the Executive
(or, in the case of the Executive’s death, to the personal representative of the Executive’s
estate), an amount equal to: (i) two and one half (2.5) multiplied by (ii) the sum of (A) the
Executive’s Base Salary as in effect on the date his employment is terminated; and (B) all bonuses
paid by the Company to the Executive during the twelve (12) month period ending on the date the
Executive’s employment is terminated. After the amounts required to be paid to the Executive by
the preceding sentence have been paid, the Company shall have no further obligation to pay the
Executive any additional Base Salary, compensation or bonuses and, except as otherwise provided in
Section 6.06, Section 6.07 and Section 6.08 hereof, no further obligation to pay to or to provide
the Executive any other benefits.

     6.03 Effect of Termination by the Executive.

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          (a) (a) In the event that the Executive’s
employment is terminated by the Executive as permitted by Section 3.04 hereof, and the termination
is not deemed to be a “Good
Reason Termination” (as defined in Section 3.04 hereof), the Company shall, on the date that
the termination of the Executive’s employment with the Company is effective, pay to the Executive,
in one lump sum payment, an amount equal to the sum of: (i) any monthly installments of his Base
Salary which are accrued and unpaid as of the date of the Executive’s termination; and (ii) any
bonuses accrued for but not yet paid to the Executive for the fiscal year of the Company ending
immediately prior to the fiscal year of the Company in which the Executive’s employment is
terminated. After the amount required to be paid to the Executive by the preceding sentence has
been paid, the Company shall have no further obligation to pay the Executive any additional Base
Salary, compensation or bonuses, and, except as otherwise provided by Section 6.07 and Section 6.08
hereof, no further obligation to pay to or provide the Executive any other benefits.

          (b) In the event that the Executive’s employment is terminated by the Executive as permitted
by Section 3.04 hereof, and the termination is deemed to be a “Good Reason Termination” (as defined
in Section 3.04 hereof): (i) the Company shall, on the date the termination of the Executive’s
employment with the Company is effective, pay to the Executive, in one lump sum payment an amount
equal to the sum of: (A) any monthly installments of his Base Salary which are accrued and unpaid
as of the date the termination of the Executive’s employment is effective; and (B) any bonuses
accrued for but not yet paid to the Executive for the fiscal year of the Company ending immediately
prior to the fiscal year of the Company in which the Executive’s employment is terminated; and (ii)
the Company shall, on the earlier of the end of the six (6) month period following the date the
termination of the Executive’s

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employment is effective and the date of the Executive’s death, pay
to the Executive (or, in the case of the Executive’s death, to the personal representative’s
death), an amount equal to: (A) two and one half (2.5) multiplied by (B) the sum of (I) the
Executive’s Base Salary as in effect on
the date his employment is terminated; and (II) all bonuses paid by the Company to the
Executive during the twelve (12) month period ending on the date the Executive’s employment is
terminated. After the amount required to be paid to the Executive by the preceding sentence has
been paid, the Company shall have no further obligation to pay the Executive any additional Base
Salary, compensation or bonuses and, except as otherwise provided in Section 6.06, Section 6.07 and
Section 6.08 hereof, no further obligation to pay to or to provide the Executive any other
benefits.

     6.04 Effect of Termination Due to Disability. In the event that the Executive’s
employment with the Company is terminated as a result of his suffering of a Total and Permanent
Disability as described in Section 3.05 hereof, the Company shall, on the date that the termination
of the Executive’s employment becomes effective, pay to the Executive, in one lump sum payment, an
amount equal to the sum of: (i) any monthly installments of his Base Salary which are accrued and
unpaid as of the date the termination of the Executive’s employment as a result of his suffering of
a Total and Permanent Disability is effective; (ii) any bonuses accrued for but not yet paid to the
Executive for the fiscal year of the Company ending immediately prior to the fiscal year of the
Company in which the Executive’s employment has been terminated; and (iii) the amount required to
be paid to the Executive pursuant to Section 5.02 above. After the amount required to be paid to
the Executive by the preceding sentence has been paid, except as otherwise provided in Section 5.02
above and in Section 6.06, Section 6.07 and Section 6.08 hereof, the Company shall have no further
obligation to pay the Executive any additional Base

18

 

Salary, compensation, bonuses or other
benefits.

     6.05 Effect of Retirement. In the event that the Executive terminates his employment
and retires as provided for in Section 3.06 hereof, the Company shall, on the date that the
termination of the Executive’s employment by reason of his retirement becomes effective, pay
to the Executive, in one lump sum payment, an amount equal to the sum of: (a) any monthly
installments of his Base Salary which are accrued and unpaid as of the date the Executive’s
retirement becomes effective; and (b) any bonuses accrued for but not yet paid to the Executive for
the fiscal year of the Company ending immediately prior to the fiscal year of the Company in which
the Executive’s employment is terminated as a result of his retirement. After the amount required
to be paid to the Executive by the preceding sentence has been paid, the Company shall have no
further obligation to pay the Executive any additional Base Salary, compensation or bonuses and,
except as otherwise provided in Section 6.06, Section 6.07 and Section 6.08 hereof, no further
obligation to pay to or provide the Executive any other benefits.

     6.06 Continuation of Group Medical Insurance Coverage. In the event that: (a) the
Executive’s employment is terminated: (i) by the Company without Cause (pursuant to Section 3.03);
(ii) by the Executive for a reason which constitutes a Good Reason Termination (within the meaning
of Section 3.04(b)); (iii) as a result of the suffering by the Executive of a Total and Permanent
Disability (pursuant to Section 3.05); or (iv) as a result of the retirement of the Executive; then
(b) the Company shall take such action as may be necessary to provide that: (i) beginning on the
first day following the end of the six (6) month period which begins on the date immediately
following the date on which the Executive’s employment is terminated for any of the reasons
specified in subsection 6.06(a) above, the Executive shall be entitled, subject to the following
provisions of this Section 6.06, to continue to participate in the group medical

19

 

insurance plans
which are available exempt salaried employees employed by the Company at the Company’s Buffalo, New
York corporate offices for the remainder of the Executive’s life; and (ii) the Executive’s spouse
shall be entitled, subject to the following provisions of this Section
6.06, to continue to participate in the group medical insurance plans which are available
exempt salaried employees employed by the Company at the Company’s Buffalo, New York corporate
offices for the remainder of her life. Notwithstanding the foregoing, the Company shall have no
obligation to permit the Executive and his spouse to participate in such group medical insurance
plans unless the Executive pays to the Company, on a monthly basis, the employee portion of any
costs associated with the maintenance and provision of such benefits by the Company to exempt
salaried employees of the Company’s Buffalo, New York corporate offices (or such greater or lesser
amount as may, from time to time, be required to be contributed by exempt salaried employees of the
Company’s Buffalo, New York corporate offices toward the cost of maintaining and providing such
benefits to such employees).

     6.07 Obligations Which Survive Termination.

          (a) Nothing in this Agreement shall be deemed
to limit the Executive’s rights to receive or the obligation of the Company to pay or provide for
the Executive and his beneficiaries any retirement or other benefits accrued by the Executive at
any time under the terms of any retirement plans maintained by the Company which are subject to the
requirements of the Employee Retirement Income Security Act of 1974, as amended, or otherwise
intended to satisfy the requirements of Section 401 of the Internal Revenue Code of 1986, as
amended (the “Code”). In addition, notwithstanding anything to the contrary contained in this
Agreement, in the event that the Executive’s employment is terminated, for any reason whatsoever,
the Company shall continue to be obligated to pay the Executive the full amount accrued for his

20

 

benefit under the terms of the Gibraltar 401(k) Restoration Plan.

     6.08 Amendment of Outstanding Equity Awards.

          (a) (a) On April 1, 2005, the Company granted
the Executive 150,000
restricted stock units under the terms of the Omnibus Plan as a supplement to the retirement
benefits which are available to the Executive under the retirement plans and programs which the
Executive is entitled to participate in (such award being hereinafter referred to as the
“Retirement RSU Award”). The Company has also, on April 6, 2005, March 1, 2006 and April 27, 2007,
granted the Executive restricted stock units under the terms of the Omnibus Plan in amounts,
respectively, equal to 33,756, 36,671 and 39,728 to carry into effect a long term incentive
compensation award under the LTIP (each of such three awards being hereinafter referred to
individually as an “LTIP Award” and all such awards being collectively the “LTIP Awards”). The
Company and the Executive intend that the terms of the Retirement RSU Award and the LTIP Awards
will be amended by this Section 6.08 to provide for issuance to the Executive of shares of common
stock of the Company which would not otherwise be issuable to the Executive upon certain
terminations of the Executive’s employment. Accordingly, notwithstanding the termination of the
Executive’s employment, the Company shall continue to be obligated to issue shares of common stock
of the Company to the Executive (or, in the case of the Executive’s death, to the Executive’s
beneficiary) under the terms of the Retirement RSU Award LTIP Awards, in each case, as such awards
are amended by the provisions of this Section 6.08.

          (b) Notwithstanding anything to the contrary contained in the Omnibus Plan or the Retirement
RSU Award, the Company and the Executive hereby agree that the Retirement RSU Award shall, by this
Section 6.08(b), be deemed and construed to be amended to the full

21

 

extent necessary to provide
that: (i) if the Executive remains in the employ of the Company until he attains age sixty (60),
the Restricted Units (as defined in the Retirement RSU Award) awarded to the Executive under the
terms of the Retirement RSU Award shall not be forfeited by the Executive for any reason whatsoever
(it being the intent of the Company and the Executive to
treat such Restricted Units as fully vested and nonforfeitable on and as of the date the
Executive attains age sixty (60)); (ii) the Restrictions (as defined in the Retirement RSU Award)
on the Restricted Units awarded to the Executive under the Retirement RSU Award shall lapse on the
earlier of: (A) the date of the Executive’s death; (B) the end of the six (6) month period which
begins on the first day following the date the Executive terminates his employment under this
Agreement under circumstances such that the termination by the Executive constitutes a “Good Reason
Termination” within the meaning of Section 3.04(b) hereof; and (C) provided that the Executive has
attained at least age sixty (60), the end of the six (6) month period which begins on the first day
following the date the Executive’s employment with the Company is terminated, by the Company or by
the Executive, for any reason whatsoever, including, but not limited to, a termination by the
Company “for cause” (as defined in the Retirement RSU Award) and any termination initiated by the
Executive; and (iii) the Executive’s employment with the Company shall only be deemed and construed
to have been terminated by the Company “for cause” if the Executive’s employment with the Company
is terminated for “Cause” as defined above in Section 3.02 hereof (it being the intent that the
“for cause” standard contained in the Retirement RSU Award shall be the same as the “Cause”
standard contained in this Agreement). Except as provided by the preceding provisions of this
Section 6.08(b), the terms of the Retirement RSU Award shall remain in full force and effect.

          (c) Notwithstanding anything to the contrary contained in the Omnibus Plan

22

 

or in any of the
LTIP Awards, the Company and the Executive hereby agree that each of the LTIP Awards shall, by this
Section 6.08(c), be deemed and construed to be amended to the full extent necessary to provide
that: (i) if the Executive’s employment with the Company is terminated by the Executive under
circumstances which constitute a Good Reason Termination within the
meaning of Section 3.04(b) hereof, the Restrictions (as defined in the LTIP Awards) on the
Restricted Units (as defined in the LTIP Awards) which have not lapsed as of the date the
Executive’s employment is terminated, shall lapse on the earlier of: (A) the date of the
Executive’s death; and (ii) the end of the six (6) month period which begins on the first day
following the date the Executive’s employment is terminated by the Executive under circumstances
which cause such termination to be a Good Reason Termination within the meaning of Section 3.04(b)
hereof; and (ii) the Executive’s employment with the Company shall only be deemed and construed to
have been terminated by the Company “for cause” if the Executive’s employment with the Company is
terminated for “Cause” as defined above in Section 3.02 hereof (it being the intent that the “for
cause” standard contained in each of the LTIP Awards shall be the same as the “Cause” standard
contained in this Agreement). Except as provided by the preceding provisions of this Section
6.08(c), the terms of each of the LTIP Awards shall remain in full force and effect.

ARTICLE 7.

Miscellaneous

     7.01 Amendments. This Agreement may not be amended or modified orally, and no
provision hereof may be waived, except in a writing signed by the parties hereto.

     7.02 Assignment. This Agreement cannot be assigned by either party hereto except with
the written consent of the other.

     7.03 Prior Agreements. This Agreement shall supersede and replace any and all prior

23

 

agreements between the Company and the Executive with respect to the subject matter hereof, whether
express or implied, and including specifically, the Original Employment Agreement and the Current
Employment Agreement. Notwithstanding the foregoing: (a) this Agreement shall not be deemed to
supersede, replace, amend or otherwise modify the terms of the Change in Control
Agreement made by and between the Executive and the Company on April 7, 2005 which agreement
shall remain in full force and effect; and (b) except as otherwise specifically provided by Section
6.08 hereof, this Agreement shall not be deemed to supersede, replace, amend or otherwise modify
the terms of the Retirement RSU Award or the LTIP Awards. Except as specifically provided herein,
nothing contained in this Agreement shall be construed to constitute a waiver by the Executive or
his beneficiaries of any rights or claims under any existing pension or retirement plans of the
Company.

     7.04 Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the personal representatives and successors in interest of the Executive and any successors in
interest of the Company.

     7.05 Applicable Law. This Agreement shall be governed and construed in accordance
with the laws of the State of New York applicable to contracts made and to be performed wholly
within such State except with respect to the internal affairs of the Company and its respective
stockholders, which shall be governed by the General Company Law of the State of Delaware.

     7.06 Notices. All notices and other communications given pursuant to this Agreement
shall be deemed to have been properly given or delivered if hand-delivered, or if mailed, five (5)
business days following the deposit of any such notice in the U.S. mail system, certified mail or
registered mail, postage prepaid, addressed to the Executive at the address first above written or
if to the Company, at its address first above written. From time to time, any party hereto may

24

 

designate by written notice any other address or party to which such notice or communication or
copies thereof shall be sent.

     7.07 Severability of Provisions. In case any one or more of the provisions contained
in this Agreement shall be invalid, illegal or unenforceable in any respect, the validity, legality
and
enforceability of the remaining provisions contained herein shall not in any way be affected
or impaired thereby and this Agreement shall be interpreted as if such invalid, illegal or
unenforceable provision was not contained herein.

     7.08 409A Savings Clause. If and to the extent that any provision of this Agreement
would result in the payment or deferral of compensation in a manner which does not comply with the
provisions of Section 409A of the Code and the regulations promulgated thereunder, such provisions
shall, to the maximum extent possible, be construed and interpreted in a manner which will cause
such provisions to be implemented in a manner which complies with the applicable requirements of
Section 409A and the regulations promulgated thereunder so as to avoid subjecting the Executive to
taxation under Section 409A(a)(i)(A) of the Code.

     7.09 Headings. The headings of the Sections and Articles of this Agreement are
inserted for convenience only and shall not constitute a part hereof or affect in any way the
meaning or interpretation of this Agreement.

     IN WITNESS WHEREOF, the Executive and the Company have caused this Agreement to be executed as
of the day and year first above written.

	 	 	 	 	 	 
	GIBRALTAR INDUSTRIES, INC.

 	 	 	 
	By:  	/s/ Paul M. Murray 	 	 /s/ Brian J. Lipke 	 
	 	Name:  	Paul M. Murray	 	Brian J. Lipke  	 
	 	Title:  	Senior Vice President-Human Resources 	 	 	 
	 

25EX-10.2

 

Exhibit 10.2

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made, effective as of August 21, 2007, by and between Gibraltar Industries,
Inc., a Delaware corporation, with offices at 3556 Lake Shore Road, Buffalo, New York 14219 (the
“Company”), and Henning N. Kornbrekke, an individual residing at ____________, Buffalo, New
York 14051 (the “Executive”).

RECITALS:

     The Executive has been employed as the President of the Company since February 2004 and as
President and Chief Operating Officer since December, 2004.

     The Executive has made and is expected to continue to make a major contribution to the
profitability, growth and financial strength of the Company. In addition, the Company considers
the continued services of the Executive to be in the best interests of the Company and its
stockholders.

     The Company and the Executive desire to set forth in writing the terms and conditions upon
which the Executive will be employed as the Company’s President and Chief Operating Officer.

CONSIDERATION:

     NOW, THEREFORE, in consideration of the conditions and covenants set forth in this Agreement,
the parties hereto agree as follows:

ARTICLE 1.

Employment and Duties

     1.01 Employment. The Company hereby agrees to, and does hereby employ the Executive,
and the Executive hereby agrees to and does hereby accept employment, as the Company’s President
and Chief Operating Officer. It is contemplated that the Executive will

 

continue to serve as the Company’s President and Chief Operating Officer subject to the
provisions of this Agreement and the right of the Company to elect new officers. The Executive
agrees that in the event his employment with the Company is terminated for any reason whatsoever,
effective as of the date of such termination the Executive will be deemed and construed, without
any further action on the part of the Executive (including, but not limited to, the execution and
delivery of a written resignation letter), to have resigned: (a) from his position as President and
Chief Operating Officer; (b) from all other positions he may hold as an officer or director or
member of the management of any corporation or other entity that is directly or indirectly owned by
the Company; and (c) from any and all other positions he may hold with the Company or any of the
Company’s direct or indirect subsidiaries, whether as an officer or employee or as a member of any
committee, board or other executive or administrative body.

     1.02 Duties. During the period of his employment under this Agreement the Executive
shall perform such executive duties and responsibilities as may be assigned to him, from time to
time, by the Board of Directors of the Company and shall be subject, at all times, to the control
of the Company’s Board of Directors. The Executive may become a director or trustee of any
corporation or entity that does not constitute a Competitive Operation as described in Section 4.03
hereof; provided that, the Executive will not be permitted to serve as a member of the board of
directors of more than three (3) companies whose shares are traded on a nationally recognized stock
exchange without first obtaining approval of the Company’s Board of Directors. The Company shall
not require the Executive to perform services hereunder outside the Buffalo, New York metropolitan
area with such frequency or duration as would require the Executive to move his residence from the
Buffalo, New York area.

ARTICLE 2.

Compensation and Fringe Benefits

2

 

     2.01 Base Salary. The annual base salary of the Executive (hereinafter the “Base
Salary”) shall, for the 2007 calendar year, be equal to $550,000. Accordingly, during the period
beginning on the date this Agreement becomes effective and ending December 31, 2007, the Company
shall pay to the Executive such amount as may be required, when added to the amount of the base
salary payments made to the Executive prior to the date hereof, to pay to the Executive the
$550,000 amount of his Base Salary for 2007. The portion of the Executive’s Base Salary for the
2007 calendar year which is payable to the Executive after the date of this Agreement shall be paid
to the Executive in substantially equal installments, less applicable withholding taxes on the
dates that the Company issues payroll checks to the employees of the Company’s corporate offices
located at 3556 Lake Shore Road, Buffalo, New York. The Base Salary of the Executive for the 2008
and the 2009 calendar years shall be such amount as may be recommended by the Compensation
Committee of the Company’s Board of Directors. For the 2008 and the 2009 calendar years, the
Executive’s Base Salary shall be paid to the Executive in substantially equal installments, less
applicable withholding taxes at the same time that the Company issues payroll checks to the
employees of the Company’s corporate offices located at 3556 Lake Shore Road, Buffalo, New York.
If, at any time after the date hereof the Base Salary of the Executive is increased, the term “Base
Salary” as used in this Agreement shall mean the Base Salary of the Executive as so increased.

     2.02 Incentive Compensation. Subject to the following provisions of this Section
2.02, the Executive shall be entitled to participate in the Company’s Management Incentive
Compensation Plan (the “MICP”) and the Company’s Long Term Incentive Plan (the “LTIP”). Payment of
the amount, if any, of any bonus the Executive may become entitled to receive pursuant to the terms
of the MICP shall be made to the Executive in accordance with the terms

3

 

of the MICP. The Executive shall also be entitled to additional bonuses which the Compensation
Committee of the Board of Directors of the Company, in its sole discretion, may determine and
approve.

     2.03 Reimbursement of Expenses. The Company shall reimburse the Executive for all
reasonable expenses which the Executive may, from time to time, incur on behalf of the Company in
the performance of his responsibilities and duties under this Agreement, provided that the
Executive accounts to the Company for such expenses in the manner prescribed by the Company.

     2.04 401(k) Restoration Plan.

          (a) The Company currently maintains a non-qualified plan
of deferred compensation for certain of its executives which is known as the “Gibraltar 401(k)
Restoration Plan”, as amended. During the period of the Executive’s employment with the Company
pursuant to this Agreement, the Executive shall be entitled to participate in the Gibraltar 401(k)
Restoration Plan as the same may be amended from time to time following the date of this Agreement.

     2.05 Tax Qualified Plans. The Executive shall be entitled to participate in all tax
qualified pension, profit sharing, 401(k) or other tax qualified plans maintained, from time to
time, by the Company for the employees of the Company who are employed at the Company’s Buffalo,
New York Corporate offices.

     2.06 Group Welfare Benefits. During the period of the Executive’s employment under
the terms of this Agreement, the Executive shall be eligible to participate in the group health and
welfare benefits plans and programs which are maintained by the Company for exempt salaried
employees employed at the Company’s Buffalo, New York corporate offices

4

 

Notwithstanding the foregoing, the Company shall have no obligation to maintain or provide
such group welfare benefits to the Executive unless the Executive pays to the Company, on a monthly
basis, the employee portion of any costs associated with the maintenance and provision of such
benefits by the Company to exempt salaried employees employed by the company at its Buffalo, New
York corporate offices. In addition, during the period of the Executive’s employment under the
terms of this Agreement, the Executive shall be eligible to participate in the group health and
welfare plans and programs maintained by the Company for its executive officers.

     2.07 Vacation and Other Benefits. During each full year of the Executive’s employment
hereunder, the Executive shall be entitled to paid vacations for such reasonable periods of time as
may be prescribed in the Company’s vacation policy in effect for salaried employees employed at the
Company’s Buffalo, New York corporate offices. For purposes of determining the amount of paid
vacation which the Executive is entitled to receive, all of the Executive’s years of service with
the Company or any of its affiliates shall be included. In addition, the Executive shall be
entitled to receive the fringe benefits which have previously been provided to him in his capacity
as President and Chief Executive Officer of the Company together with all other employment
benefits and participate in such other employee benefit plans as may, from time to time, be
provided or maintained by the Company for salaried employees employed at the Company’s Buffalo, New
York corporate offices.

ARTICLE 3.

Term and Termination

     3.01 Term.

          (a) (a) The period of employment of the Executive under this Agreement
shall begin on the date hereof and, provided that the Company delivers a written notice to the

5

 

Executive on or prior to September 1, 2010, which written notice states that the Company is
electing not to renew the period of the Executive’s employment hereunder, shall end on December 31,
2010 (unless terminated sooner as provided for in Section 3.01(b) hereof). If the Company does not
deliver the written notice described in the preceding sentence to the Executive by September 1,
2010, the period of the Executive’s employment hereunder shall automatically be extended for an
additional period of twelve (12) consecutive months beginning January 1, 2011 and ending December
31, 2011 (such twelve (12) consecutive month period and any subsequent twelve (12) consecutive
month period hereinafter described in this Section 3.01(a) being hereinafter referred to as a
“Renewal Term”). If the period of the Executive’s employment pursuant to this Agreement is renewed
on January 1, 2011 (as provided for in the preceding sentence) or any subsequent January1 (pursuant
to the provisions of the following sentence), unless terminated sooner as provided for in Section
3.01(b) hereof, the period of the Executive’s employment pursuant to this Agreement shall end at
the end on the last day of the then applicable Renewal Term provided that, on or before September 1
of the then applicable Renewal Term, the Company delivers a written notice to the Executive which
states that the Company is electing not to renew the period of the Executive’s employment
hereunder. In the event that the Company does not deliver such a written notice to the Executive
on or before September 1, 2010, or September 1 of any subsequent Renewal Term, a new Renewal Term
of twelve (12) consecutive months shall automatically begin on the next following January 1 (the
day immediately following the end of the then applicable Renewal Term) and end on the next
following December 31.

          (b) Notwithstanding anything to the contrary contained in Section 3.01(a) above, the period of
the Executive’s employment pursuant to this Agreement shall be terminated

6

 

upon the death of the
Executive and may be terminated as provided for in Sections 3.02, 3.03,
3.04, 3.05 and 3.06 hereof.

     3.02 Termination For Cause. Notwithstanding the provisions of Section 3.01 hereof,
the Company may terminate the Executive’s employment hereunder at any time for Cause (as defined
below), by delivering to the Executive a written notice of termination setting forth the date on
which such termination is to be effective and specifying in reasonable detail the facts and
circumstances claimed to provide a basis for the termination.

          For purposes of this Agreement, the Company shall have “Cause” to terminate the Executive’s
employment hereunder if the Compensation Committee determines (and provides the Executive a written
statement of its determination) that the Executive has engaged in egregious acts or omissions which
have resulted in material injury to the Company and its business; provided that, the Executive
shall not, under any circumstances, be deemed to have engaged in egregious acts or omissions if:
(a) the acts or omissions have been committed or omitted by the Executive in connection with the
implementation of policies or procedures or strategic initiatives which have been disclosed to the
Board of Directors of the Company; and (b) the Board of Directors of the Company has not directed
the Executive not to implement any such policies, procedures or strategic initiatives.

     3.03  Termination Without Cause. Notwithstanding anything to the contrary contained
in Section 3.01(a) hereof, the Company may, at any time on or after the date hereof, terminate the
Executive’s employment, without Cause (as “Cause” is defined in Section 3.02 above), by delivering
a written notice of termination to the Executive. Upon delivery by the Company to the Executive of
a written notice of termination as provided for herein, the Executive’s employment hereunder shall
be terminated effective as of the end of the ninety (90)

7

 

day period beginning on the day following
the date the Company delivers the written notice of
termination to the Executive. For purposes of Section 6.02 hereof, if, as provided for by
Section 3.01(a) hereof, on or before September 1 of any applicable Renewal Term, the Company
delivers a written notice to the Executive which states that the Company is electing not to renew
the period of the Executive’s employment hereunder, the termination of the Executive’s employment
with the Company which will occur on the expiration of the Term or any Renewal Term immediately
following the Company’s delivery of such written notice to the Executive shall not be deemed and
construed to be a termination of the Executive’s employment by the Company without “Cause” and,
instead, shall be deemed and construed to be a retirement by the Executive from his employment.

     3.04 Termination by the Executive.

          (a) (a) Notwithstanding anything to the contrary
contained in Section 3.01(a) hereof, the Executive may terminate his employment hereunder at any
time by delivering a written notice of termination to the Company. Upon delivery by the Executive
to the Company of a written notice of termination as provided for herein, the Executive’s
employment hereunder shall be terminated effective as of the end of the ninety (90) day period
beginning on the day following the date on which the Executive delivers the written notice of
termination to the Company.

          (b) For purposes of this Agreement, the Executive’s termination of his employment pursuant to
this Section 3.04 shall be deemed to be a “Good Reason Termination” if the reason that the
Executive has terminated his employment (which reason shall be specifically set forth in the
written notice of termination which is delivered by the Executive to the Company) is that: (i) the
Executive has been assigned duties or responsibilities that are

8

 

substantially inconsistent with the
position, duties, responsibilities and status of the Company’s President and
Chief Operating Officer; or (ii) the Executive’s Base Salary has been reduced; or (iii) the
Executive is required to move his residence from the Buffalo, New York metropolitan area as a
result of a relocation of the Company’s Buffalo, New York corporate offices or a change in the
duties of the Executive; or (iv) the Company breaches any of its material obligations under this
Agreement; or (v) the Company breaches any of its obligations under this Agreement which is not
material, and such breach is not cured by the Company within thirty (30) days following the
Company’s receipt of written notice of such breach from the Executive.

     3.05 Disability. If, during the period of the Executive’s employment hereunder, it is
determined by either the Company or the Executive that the Executive suffers from a Total and
Permanent Disability, the party that makes the determination that the Executive suffers from a
Total and Permanent Disability shall provide written notice to the other party of such
determination and, effective as of the last day of the calendar month in which such written notice
is delivered, the Executive’s employment with the Company hereunder shall be deemed to be
terminated. For purposes of this Agreement, the Executive shall be deemed to suffer from a Total
and Permanent Disability if the Executive’s personal physician certifies in writing that the
Executive is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than twelve (12) months.

     3.06 Retirement. The Executive may retire from his employment effective at any time
on or after the date he attains age sixty five (65) by delivering to the Company a written notice
of his intent to terminate his employment with the Company and retire, which written notice shall
set forth the date on which such retirement (and its related termination of employment) is to be

9

 

effective. Upon delivery by the Executive to the Company of the written notice of his intent to
terminate his employment hereunder and retire (as provided for above) the Executive shall be
deemed to have retired from his employment with the Company effective as of the date the
Executive’s retirement is to be effective as specified in the written notice which the Executive
delivers to the Company containing the notice of his intent to terminate and retire; provided
however, that notwithstanding the foregoing, if the date on which the Executive’s retirement is to
be effective as set forth in the written notice which the Executive delivers to the Company is less
than thirty (30) days following the date on which the Executive delivers the written notice of his
intention to retire to the Company, the Executive’s retirement from his employment with the Company
shall, notwithstanding anything to the contrary contained in the written notice which the Executive
delivers to the Company containing notice of his intention to retire, be effective at the end of
the thirty (30) day period following the date the Executive delivers written notice of his
intention to retire to the Company.

ARTICLE 4.

Confidentiality; Non-Compete Provisions

     4.01 Confidentiality. During the period of the Executive’s employment hereunder and
for a period of three (3) years following a termination, for any reason whatsoever, of the
Executive’s employment hereunder, the Executive agrees that he will not, without the written
consent of the Board of Directors of the Company, disclose to any person (other than a person to
whom disclosure is reasonably necessary or appropriate in connection with the performance by the
Executive of his duties as an executive of the Company or to a person as required by any order or
process of any court or regulatory agency) any material confidential information obtained by the
Executive while in the employ of the Company with respect to any management strategies, policies or
techniques or with respect to any products, improvements, formulae,

10

 

designs or styles, processes,
customers, methods of distribution, or methods of manufacture of
the Company or any of its subsidiaries; provided, however, that confidential information shall
not include any information known generally to the public (other than as a result of unauthorized
disclosure by the Executive) or any information of a type not otherwise considered confidential by
persons engaged in the same business or a business similar to that conducted by the Company.

     4.02 Non-Compete. During a period of three (3) years after the date of any
termination of the Executive’s employment hereunder, the Executive will not, directly or
indirectly, own, manage, operate, control or participate in the ownership, management, operation or
control of, or be connected as an officer, employee, partner, director or otherwise with, or have
any financial interest in, or aid or assist anyone else in the conduct of, any business which
competes with any business conducted by the Company or with any group, division or subsidiary of
the Company in any geographic area where such business is being conducted at the time of such
termination (any such business, subject to the provisions of Section 4.03 below, being hereinafter
referred to as a “Competitive Operation”). Ownership by the Executive of 2% or less of the voting
stock of any publicly held Company shall not constitute a violation of this Section 4.02.

     4.03 Competitive Operation. For purposes of Section 4.02 hereof: (a) a business
shall not be deemed to be a Competitive Operation unless: (i) 10% or more of the consolidated gross
sales and operating revenues of the Company is derived from such business; or (ii) 10% or more of
the consolidated assets of the Company are devoted to such business; and (b) a business which is
conducted by the Company at the time of the Executive’s termination and which subsequently is sold
or discontinued by the Company shall not, subsequent to the date of such

11

 

sale or discontinuance, be
deemed to be a Competitive Operation within the meaning of Section 4.02 hereof.

     4.04 Non-solicitation of Employees. During a period of three (3) years after the date
of any termination of the Executive’s employment hereunder, the Executive will not, solicit or
offer to employ any individuals that are employees of the Company or any of its subsidiaries or
wholly owned limited liability companies (including any executive officers of the Company) at the
time the Executive’s employment is terminated; provided that, the limitation on the right of the
Executive to solicit or offer to employ individuals as contained in this Section shall not apply to
any such individuals who, either before or after the termination of the Executive’s employment
hereunder, have terminated their employment with the Company, its subsidiaries and its wholly owned
limited liability companies.

ARTICLE 5.

Death and Disability Benefits

     5.01 Death Benefits.

          (a) If: (a) the Executive dies during the period of the
Executive’s employment hereunder; then (b) the Company shall cause the beneficiary of the Executive
(or, if none, the personal representative of the Executive’s estate) to be paid any benefits
payable to the beneficiaries of the Executive on account of the Executive’s death as provided for
by the terms of: (i) any life insurance policies maintained by the Company for the benefit of the
Executive; (ii) the Gibraltar 401(k) Plan; (iii) the Gibraltar 401(k) Restoration Plan; (iv) any
equity based incentive compensation awards granted to the Executive in connection with the LTIP;
(v) any awards of restricted stock, restricted stock units, options or other equity type awards
granted to the Executive under the terms of the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan, as the same may be amended from time to time (hereinafter the “Omnibus Plan”) or otherwise
granted

12

 

to the Executive; and (vi) any tax qualified retirement plans maintained by the Company;
and (c) the Company shall pay to the beneficiary of the Executive (or if none, the personal
representative
of the Executive’s estate), in one lump sum payment, an amount equal to the sum of: (i) fifty
percent (50%) of the Executive’s Base Salary at the rate in effect on the date of the Executive’s
death; and (ii) all bonuses which would have been payable to the Executive under MICP if the
Executive’s employment had continued through the end of the fiscal year of the Company in which his
death occurs and if the performance of the Company under MICP had been at the target level of
performance. Payment by the Company to the beneficiary of the Executive (or, if none, the personal
representative of the Executive’s estate) of the amount described in subsection 5.01(c) above shall
be made by the Company no later than the end of the ninety (90) day period following the
Executive’s death and the Executive’s beneficiary (or, if none, the personal representative of the
Executive’s estate) shall not be permitted to designate the taxable year of the Executive in which
such payment is made.

          (b) Disability Benefits. If: (a) the Executive’s employment is terminated as a result
of his suffering of a Total and Permanent Disability; then (b) the Company shall cause the
Executive to be paid any benefits payable to the Executive on account of his suffering of a Total
and Permanent Disability under the terms of: (i) any disability insurance policies maintained by
the Company for the benefit of the Executive; (ii) the Gibraltar 401(k) Plan; (iii) the Gibraltar
401(k) Restoration Plan; (iv) any equity based incentive compensation awards granted to the
Executive in connection with the LTIP; (v) any awards of restricted stock, restricted stock units,
options or other equity type awards granted to the Executive under the Omnibus Plan or otherwise
granted to the Executive; and (vi) any tax qualified retirement plans maintained by the Company;
and (c) the Company shall pay to the Executive, in equal monthly

13

 

installments, for each twelve (12)
month period beginning on the first day following the end of the six (6) month period which begins
on the date the Executive’s employment is terminated due
to a Total and Permanent Disability and for each twelve (12) month period beginning on each
anniversary of the date on which such six (6) month period begins (an “Anniversary Date”), for the
remainder of the Executive’s life, an amount equal to (i) his annual Base Salary in effect at the
rate in effect on the date his employment is terminated as a result of his suffering of a Total and
Permanent Disability up to a maximum of $188,309 per year (adjusted as set forth below); minus
(ii) the sum of (A) the monthly amounts, if any, payable to the Executive under the terms of any
pension, profit sharing or disability benefit plans maintained by the Company and in which the
Executive was a participant at the time his employment is terminated due to his suffering of a
Total and Permanent Disability; (B) the monthly amount of all social security, retirement or
disability benefits payable to the Executive by any agency of the United States Government or the
State of New York for each such twelve (12) month period; and (C) the monthly amounts payable to
the Executive pursuant to any policies of disability insurance maintained by the Company. On each
Anniversary Date, the $188,309 per year limit set forth above shall be adjusted on a cumulative
basis for each annual increase in the U.S. Department of Labor Bureau of Labor Statistics Consumer
Price Index for Urban Wage Earners and Clerical Workers, New York, New York, 1982-84 = 100 measured
between the month prior to the first month in which such compensation payments were made and the
month prior to the commencement of each such successive year.

ARTICLE 6.

Severance and Effects of Termination

     6.01 Effect of Termination for Cause. In the event the Executive’s employment with the
Company is terminated by the Company for Cause (as permitted by Section 3.02

14

 

hereof), the Company
shall, on the date that the termination of the Executive’s employment becomes effective, pay to the
Executive in one lump sum payment, an amount equal to the sum
of: (a) any monthly installments of his Base Salary which are accrued and unpaid as of the
date the termination of the Executive’s employment becomes effective; and (b) any bonuses accrued
for but not yet paid to the Executive for the fiscal year of the Company ending immediately prior
to the fiscal year of the Company in which the Executive’s employment is terminated. After the
amount required to be paid to the Executive by the preceding sentence has been paid, the Company
shall have no further obligation to pay the Executive any additional Base Salary, compensation or
bonuses and, except as otherwise provided in Section 6.07 and Section 6.08 hereof, no further
obligation to pay to or provide the Executive any other benefits. For purposes of this Agreement,
monthly installments of the Executive’s Base Salary shall not be deemed to be “accrued” if they are
payable at any time after the date on which the termination of the Executive’s employment is
effective.

     6.02 Effect of Termination Without Cause. In the event that the Executive’s
employment is terminated by the Company, without Cause (pursuant to Section 3.03 hereof), at any
time on or after the date hereof: (a) the Company shall, on the date that the termination of the
Executive’s employment with the Company is effective, pay to the Executive, in one lump sum
payment, less applicable withholding taxes, an amount equal to the sum of: (i) any monthly
installments of his Base Salary which are accrued and unpaid as of the date the termination of the
Executive’s employment becomes effective; and (ii) any bonuses accrued for but not yet paid to the
Executive for the fiscal year of the Company ending immediately prior to the fiscal year of the
Company in which the Executive’s employment is terminated; and (b) the Company shall, on the
earlier of the end of the six (6) month period following the date the termination of the

15

 

Executive’s employment is effective and the date of the Executive’s death, pay to the Executive
(or, in the case of the Executive’s death, to the personal representative’s death), an amount equal
to: (i) two and one half (2.5) multiplied by (ii) the sum of (A) the Executive’s Base Salary
as in effect on the date his employment is terminated; and (B) all bonuses paid by the Company to
the Executive during the twelve (12) month period ending on the date the Executive’s employment is
terminated. After the amounts required to be paid to the Executive by the preceding sentence have
been paid, the Company shall have no further obligation to pay the Executive any additional Base
Salary, compensation or bonuses and, except as otherwise provided in Section 6.06, Section 6.07 and
Section 6.08 hereof, no further obligation to pay to or to provide the Executive any other
benefits.

     6.03 Effect of Termination by the Executive.

          (a) (a) In the event that the
Executive’s employment is terminated by the Executive as permitted by Section 3.04 hereof, and the
termination is not deemed to be a “Good Reason Termination” (as defined in Section 3.04 hereof),
the Company shall, on the date that the termination of the Executive’s employment with the Company
is effective, pay to the Executive, in one lump sum payment, an amount equal to the sum of: (i) any
monthly installments of his Base Salary which are accrued and unpaid as of the date of the
Executive’s termination; and (ii) any bonuses accrued for but not yet paid to the Executive for the
fiscal year of the Company ending immediately prior to the fiscal year of the Company in which the
Executive’s employment is terminated. After the amount required to be paid to the Executive by the
preceding sentence has been paid, the Company shall have no further obligation to pay the Executive
any additional Base Salary, compensation or bonuses, and, except as otherwise provided by Section
6.07 and Section 6.08 hereof, no further obligation to pay to or provide the

16

 

Executive any other
benefits.

          (b) In the event that the Executive’s employment is terminated by the Executive as permitted
by Section 3.04 hereof, and the termination is deemed to be a “Good
Reason Termination” (as defined in Section 3.04 hereof): (i) the Company shall, on the date
the termination of the Executive’s employment with the Company is effective, pay to the Executive,
in one lump sum payment an amount equal to the sum of: (A) any monthly installments of his Base
Salary which are accrued and unpaid as of the date the termination of the Executive’s employment is
effective; and (B) any bonuses accrued for but not yet paid to the Executive for the fiscal year of
the Company ending immediately prior to the fiscal year of the Company in which the Executive’s
employment is terminated; and (ii) the Company shall, on the earlier of the end of the six (6)
month period following the date the termination of the Executive’s employment is effective and the
date of the Executive’s death, pay to the Executive (or, in the case of the Executive’s death, to
the personal representative’s death), an amount equal to: (A) two and one half (2.5) multiplied by
(B) the sum of (I) the Executive’s Base Salary as in effect on the date his employment is
terminated; and (II) all bonuses paid by the Company to the Executive during the twelve (12) month
period ending on the date the Executive’s employment is terminated. After the amount required to
be paid to the Executive by the preceding sentence has been paid, the Company shall have no further
obligation to pay the Executive any additional Base Salary, compensation or bonuses and, except as
otherwise provided in Section 6.06, Section 6.07 and Section 6.08 hereof, no further obligation to
pay to or to provide the Executive any other benefits.

     6.04 Effect of Termination Due to Disability. In the event that the Executive’s
employment with the Company is terminated as a result of his suffering of a Total and

17

 

Permanent
Disability as described in Section 3.05 hereof, the Company shall, on the date that the termination
of the Executive’s employment becomes effective, pay to the Executive, in one lump sum payment, an
amount equal to the sum of: (i) any monthly installments of his Base Salary
which are accrued and unpaid as of the date the termination of the Executive’s employment as a
result of his suffering of a Total and Permanent Disability is effective; (ii) any bonuses accrued
for but not yet paid to the Executive for the fiscal year of the Company ending immediately prior
to the fiscal year of the Company in which the Executive’s employment has been terminated; and
(iii) the amount required to be paid to the Executive pursuant to Section 5.02 above. After the
amount required to be paid to the Executive by the preceding sentence has been paid, except as
otherwise provided is Section 5.02 above and in Section 6.06, Section 6.07 and Section 6.08 hereof,
the Company shall have no further obligation to pay the Executive any additional Base Salary,
compensation, bonuses or other benefits.

     6.05 Effect of Retirement. In the event that the Executive terminates his employment
and retires as provided for in Section 3.06 hereof, the Company shall, on the date that the
termination of the Executive’s employment by reason of his retirement becomes effective, pay to the
Executive, in one lump sum payment, an amount equal to the sum of: (a) any monthly installments of
his Base Salary which are accrued and unpaid as of the date the Executive’s retirement becomes
effective; and (b) any bonuses accrued for but not yet paid to the Executive for the fiscal year of
the Company ending immediately prior to the fiscal year of the Company in which the Executive’s
employment is terminated as a result of his retirement. After the amount required to be paid to the
Executive by the preceding sentence has been paid, the Company shall have no further obligation to
pay the Executive any additional Base Salary, compensation or bonuses and, except as otherwise
provided in Section 6.06, Section 6.07 and Section 6.08 hereof,

18

 

no further obligation to pay to or
provide the Executive any other benefits.

     6.06 Continuation of Group Medical Insurance Coverage. In the event that: (a) the
Executive’s employment is terminated: (i) by the Company without Cause (pursuant to Section
3.03); (ii) by the Executive for a reason which constitutes a Good Reason Termination (within
the meaning of Section 3.04(b)); (iii) as a result of the suffering by the Executive of a Total and
Permanent Disability (pursuant to Section 3.05); or (iv) as a result of the retirement of the
Executive; then (b) the Company shall take such action as may be necessary to provide that: (i)
beginning on the first day following the end of the six (6) month period which begins on the date
immediately the date on which the Executive’s employment is terminated for any of the reasons
specified in Section 6.06(a) above, the Executive shall be entitled, subject to the following
provisions of this Section 6.06, to continue to participate in the group medical insurance plans
which are available exempt salaried employees employed by the Company at the Company’s Buffalo, New
York corporate offices for the remainder of the Executive’s life; and (ii) the Executive’s spouse
shall be entitled, subject to the following provisions of this Section 6.06, to continue to
participate in the group medical insurance plans which are available exempt salaried employees
employed by the Company at the Company’s Buffalo, New York corporate offices for the remainder of
her life. Notwithstanding the foregoing, the Company shall have no obligation to permit the
Executive and his spouse to participate in such group medical insurance plans unless the Executive
pays to the Company, on a monthly basis, the employee portion of any costs associated with the
maintenance and provision of such benefits by the Company to exempt salaried employees of the
Company’s Buffalo, New York corporate offices (or such greater or lesser amount as may, from time
to time, be required to be contributed by exempt salaried employees of the Company’s Buffalo, New
York corporate offices toward the cost of

19

 

maintaining and providing such benefits to such
employees).

     6.07 Obligations Which Survive Termination.

          (a) Nothing in this Agreement shall be
deemed to limit the Executive’s rights
to receive or the obligation of the Company to pay or provide for the Executive and his
beneficiaries any retirement or other benefits accrued by the Executive at any time under the terms
of any retirement plans maintained by the Company which are subject to the requirements of ERISA or
otherwise intended to satisfy the requirements of Section 401 of the Code. In addition,
notwithstanding anything to the contrary contained in this Agreement, in the event that the
Executive’s employment is terminated, for any reason whatsoever, the Company shall continue to be
obligated to pay the Executive the full amount accrued for his benefit under the terms of the
Gibraltar 401(k) Restoration Plan.

     6.08 Amendment of Outstanding Equity Awards.

          (a) (a) On April 1, 2005, the Company
granted the Executive 45,000 restricted stock units under the terms of the Omnibus Plan as a
supplement to the retirement benefits which are available to the Executive under the retirement
plans and programs which the Executive is entitled to participate in (such award being hereinafter
referred to as the “Retirement RSU Award”). The Company has also, on April 6, 2005, March 1, 2006
and April 27, 2007, granted the Executive restricted stock units under the terms of the Omnibus
Plan in amounts, respectively, equal to 19,700, 22,257 and 24,839 to carry into effect a long term
incentive compensation award under the LTIP (each of such three awards being hereinafter referred
to individually as an “LTIP Award” and all such awards being collectively the “LTIP Awards”). The
Company and the Executive intend that the terms of the Retirement RSU Award and the LTIP Awards
will be amended by this Section 6.08 to provide for issuance to the

20

 

Executive of shares of common
stock of the Company which would not otherwise be issuable to the Executive upon certain
terminations of the Executive’s employment. Accordingly, notwithstanding the termination of the
Executive’s employment, the Company shall continue to be obligated to issue shares of common stock of the Company to the Executive (or, in the case of the Executive’s
death, to the Executive’s beneficiary) under the terms of the Retirement RSU Award LTIP Awards, in
each case, as such awards are amended by the provisions of this Section 6.08.

          (b) Notwithstanding anything to the contrary contained in the Omnibus Plan or the Retirement
RSU Award, the Company and the Executive hereby agree that the Retirement RSU Award shall, by this
Section 6.08(b), be deemed and construed to be amended to the full extent necessary to provide
that: (i) the Restricted Units (as defined in the Retirement RSU Award) awarded to the Executive
under the terms of the Retirement RSU Award shall not be forfeited by the Executive for any reason
whatsoever (it being the intent of the Company and the Executive to treat such Restricted Units as
fully vested and nonforfeitable on and as of the date of this Agreement; (ii) the Restrictions (as
defined in the Retirement RSU Award) on the Restricted Units awarded to the Executive under the
Retirement RSU Award shall lapse on the earlier of: (A) the date of the Executive’s death; and (B)
the end of the six (6) month period which begins on the first day following the date the
Executive’s employment with the Company is terminated, by the Company or by the Executive, for any
reason whatsoever, including, but not limited to, a termination by the Company “for cause” (as
defined in the Retirement RSU Award) and any termination initiated by the Executive; and (iii) the
Executive’s employment with the Company shall only be deemed and construed to have been terminated
by the Company “for cause” if the Executive’s employment with the Company is terminated for “Cause”
as defined

21

 

above in Section 3.02 hereof (it being the intent that the “for cause” standard
contained in the Retirement RSU Award shall be the same as the “Cause” standard contained in this
Agreement). Except as provided by the preceding provisions of this Section 6.08(b), the terms of
the Retirement RSU Award shall remain in full force and effect.

          (c) Notwithstanding anything to the contrary contained in the Omnibus Plan or in any of the
LTIP Awards, the Company and the Executive hereby agree that each of the LTIP Awards shall, by this
Section 6.08(c), be deemed and construed to be amended to the full extent necessary to provide
that: (i) if the Executive’s employment with the Company is terminated by the Executive under
circumstances which constitute a Good Reason Termination within the meaning of Section 3.04(b)
hereof, the Restrictions (as defined in the LTIP Awards) on the Restricted Units (as defined in the
LTIP Awards) which have not lapsed as of the date the Executive’s employment is terminated, shall
lapse on the earlier of: (A) the date of the Executive’s death; and (ii) the end of the six (6)
month period which begins on the first day following the date the Executive’s employment is
terminated by the Executive under circumstances which cause such termination to be a Good Reason
Termination within the meaning of Section 3.04(b) hereof; and (ii) the Executive’s employment with
the Company shall only be deemed and construed to have been terminated by the Company “for cause”
if the Executive’s employment with the Company is terminated for “Cause” as defined above in
Section 3.02 hereof (it being the intent that the “for cause” standard contained in each of the
LTIP Awards shall be the same as the “Cause” standard contained in this Agreement). Except as
provided by the preceding provisions of this Section 6.08(c), the terms of each of the LTIP Awards
shall remain in full force and effect.

ARTICLE 7.

Miscellaneous

22

 

     7.01 Amendments. This Agreement may not be amended or modified orally, and no
provision hereof may be waived, except in a writing signed by the parties hereto.

     7.02 Assignment. This Agreement cannot be assigned by either party hereto except with
the written consent of the other.

     7.03 Prior Agreements. This Agreement shall supersede and replace any and all prior
agreements between the Company and the Executive, whether express or implied; provided , however,
that: (a) this Agreement shall not be deemed to supercede, replace, amend or otherwise modify the
terms of the Change in Control Agreement made by and between the Executive and the Company on April
7, 2005 which agreement shall remain in full force and effect; and (b) except as otherwise
specifically provided by Section 6.08 hereof, this Agreement shall not be deemed to supercede,
replace, amend or otherwise modify the terms of the Retirement RSU Award or the LTIP Awards.
Except as specifically provided herein, nothing contained in this Agreement shall be construed to
constitute a waiver by the Executive or his beneficiaries of any rights or claims under any
existing pension or retirement plans of the Company.

     7.04 Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the personal representatives and successors in interest of the Executive and any successors in
interest of the Company.

     7.05 Applicable Law. This Agreement shall be governed and construed in accordance
with the laws of the State of New York applicable to contracts made and to be performed wholly
within such State except with respect to the internal affairs of the Company and its respective
stockholders, which shall be governed by the General Company Law of the State of Delaware.

     7.06 Notices. All notices and other communications given pursuant to this Agreement
shall be deemed to have been properly given or delivered if hand-delivered, or if mailed, five (5)

23

 

business days following the deposit of any such notice in the U.S. mail system, certified mail or
registered mail, postage prepaid, addressed to the Executive at the address first above written or
if to the Company, at its address first above written. From time to time, any party hereto may
designate by written notice any other address or party to which such notice or communication or
copies thereof shall be sent.

     7.07 Severability of Provisions. In case any one or more of the provisions contained
in this Agreement shall be invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of the remaining provisions contained herein shall not in any way be affected or
impaired thereby and this Agreement shall be interpreted as if such invalid, illegal or
unenforceable provision was not contained herein.

     7.08 409A Savings Clause. If and to the extent that any provision of this Agreement
would result in the payment or deferral of compensation in a manner which does not comply with the
provisions of Section 409A of the Code and the regulations promulgated thereunder, such provisions
shall, to the maximum extent possible, be construed and interpreted in a manner which will cause
such provisions to be implemented in a manner which complies with the applicable requirements of
Section 409A and the regulations promulgated thereunder so as to avoid subjecting the Executive to
taxation under Section 409A(a)(i)(A) of the Code.

     7.09 Headings. The headings of the Sections and Articles of this Agreement are
inserted for convenience only and shall not constitute a part hereof or affect in any way the
meaning or interpretation of this Agreement.

     IN WITNESS WHEREOF, the Executive and the Company have caused this Agreement to be executed as
of the day and year first above written.

	 	 	 	 	 	 
	GIBRALTAR INDUSTRIES, INC.

 	 	 	 
	By:  	/s/ Paul M. Murray 	 	 /s/ Henning N. Kornbrekke	 
	 	Name:  	Paul M. Murray	 	Henning N. Kornbrekke	 
	 	Title:  	Senior Vice President-Human Resources 	 	 	 
	 

24

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