Document:

EX-10.1 Summary of Psychiatric, Inc.

 

Exhibit 10.1

2008 Cash Bonus Plans

     The Compensation Committee approved a bonus plan for each named executive officer of the
Company to be effective for the 2008 fiscal year. Pursuant to the 2008 bonus plans, Joey A. Jacobs,
Terrance R. Bridges, Brent Turner, Jack E. Polson and Christopher L. Howard may be awarded cash
bonuses based upon the Company’s attainment of certain performance targets during 2008. The bonus
plans provide that the bonus of Messrs. Jacobs, Turner, Polson and Howard for 2008 will be based
60% upon targets related to the comparison of the Company’s actual earnings before income from
continuing operations before interest expense (net of interest income), income taxes, depreciation
and amortization (“EBITDA”) to budgeted EBITDA for 2008; 20% upon targets related to adjusted
earnings per share for 2008; and 20% upon other criteria selected by the Compensation Committee.
The bonus for Mr. Bridges for 2008 will be based 70% upon targets related to the comparison of the
Company’s actual EBITDA to budgeted EBITDA for 2008; 20% upon targets related to adjusted earnings
per share for 2008; and 10% upon other criteria selected by the Compensation Committee. The maximum
bonus award (as a percentage of base salary) that each executive officer can receive is as follows:
Mr. Jacobs, 150%; and Messrs. Bridges, Turner, Polson and Howard, 100%.

     Following the end of the 2008 fiscal year, the Compensation Committee will determine whether
and the extent to which the applicable 2008 performance targets discussed above were met. The
Compensation Committee will then award each named executive officer a cash bonus based on the
achievement of the applicable performance targets. No payments will be made for performance below
specified threshold levels. Payments for performance between the minimum threshold and the target
level required to receive the maximum bonus award will be determined based on a formula. Other than
Mr. Jacobs, the named executive officers must be actively employed by the Company at the time the
bonuses are paid in order to be eligible to receive a cash bonus. The awarding of cash bonuses is
subject to the discretion of the Compensation Committee.EX-10.2 Psychiatric Solutions, Inc. 2008

 

Exhibit 10.2

PSYCHIATRIC SOLUTIONS, INC.

2008 LONG-TERM EQUITY COMPENSATION PLAN

     The 2008 Long-Term Equity Compensation Plan (the “Plan”) of Psychiatric Solutions, Inc. (the
“Company”) will be administered by the Compensation Committee of the Board of Directors (the
“Committee”). The Company’s executive officers and certain key employees (together, the “Eligible
Employees”) will be eligible to participate in the Plan.

	1.	 	Equity Awards.

	 	(a)	 	If the Company’s adjusted EPS for the current fiscal year (the “Current Year EPS”) does
not exceed the Company’s adjusted EPS for the prior fiscal year (the “Prior Year EPS”) by
at least 20%, no equity awards will be granted.
	 
	 	(b)	 	If the Company’s Current Year EPS exceeds the Company’s Prior Year EPS by not less than
20%, and not more than 30%, the Company will grant stock options to the Eligible Employees
to purchase that number of shares of Common Stock which is equal to not less than 2%, and
not more than 3%, of the Company’s aggregate total of issued and outstanding shares of
Common Stock as of the grant date, the exact number to be determined in the sole discretion
of the Committee.
	 
	 	(c)	 	If the Company’s Current Year EPS exceeds the Company’s Prior Year EPS by more than
30%, the Company will grant stock options to the Eligible Employees to purchase that number
of shares of Common Stock which is equal to 3% of the Company’s aggregate total of issued
and outstanding shares of Common Stock as of the grant date.
	 
	 	(d)	 	At the Committee’s discretion, the Company may issue restricted stock awards in
combination with or in lieu of stock options.

	2.	 	Allocation of Equity Awards. In the event equity awards are made under the Plan, the
Committee shall meet with the Company’s Chief Executive Officer on or before March 31 of the
following fiscal year to determine the allocation of the equity awards to the Eligible
Employees.

	3.	 	Vesting and Terms of Equity Awards. Any equity awards granted pursuant to the Plan
shall be issued under the Company’s Equity Incentive Plan and subject to all of the terms and
conditions of the Company’s Equity Incentive Plan. Any stock options shall vest and become
exercisable over four years, with 25% vesting on each anniversary of the date of grant over
the next four years. Any restricted stock awards shall vest over four years, with 25% vesting
on each anniversary of the date of grant over the next four years.EX-10.53 EMPLOYMENT AGREEMENT

 

Exhibit 10.53

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of January 1, 2008 (the
“Effective Date”), by and between MASTEC, INC., a Florida corporation (the
“Company”), and ALBERTO DE CARDENAS (“Employee”).

Recitals

     The Company desires to employ Employee and Employee desires to be employed by the Company on
the terms and subject to the conditions set forth in this Agreement.

     ACCORDINGLY, in consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and adequacy of which are
acknowledged, the Company and Employee agree as follows:

Terms

     1. Employment. The Company employs Employee and Employee desires to be employed by the
Company on the terms and subject to the conditions set forth in this Agreement.

     2. Term. The term of Employee’s employment under this Agreement will be from the
Effective Date to and through December 31, 2011, unless earlier terminated in accordance with this
Agreement; provided, however, that the term of the Employee’s employment hereunder shall be
automatically extended without further action of either party for additional twelve month periods,
unless written notice of either party’s intention not to extend has been given to the other party
hereto at least 60 days prior to the expiration of the then effective term. The period commencing
as of the Effective Date and ending on December 31, 2011 or such later date to which the term of
the Employee’s employment under this Agreement shall have been extended is hereinafter referred to
as the “Term”.

     3. Duties.

          a. Position. During the Term, Employee will serve as Executive Vice President and
General Counsel of the Company. Subject to the direction of the Chief Executive Officer (CEO),
Employee will perform all duties commensurate with his position and such other tasks as may be
assigned to him by the CEO or the Board of Directors of the Company (the “Board”). If
requested by the Company, Employee will serve as an officer or director of any subsidiary of the
Company, without additional compensation, provided, however, that if Employee is asked to serve as
a director of any subsidiary of the Company, Employee may refuse to accept, or resign from, such
appointment without causing a breach of this Agreement by Employee. If asked to serve as an
officer or director of a subsidiary of the Company, Employee will be provided those officer and
director indemnifications provided to other officers and directors of the company and any such
subsidiary.

 

 

          b. Full Time and Attention. During the Term, Employee will devote his full business time
and energies to the business and affairs of the Company and will use his best
efforts, skills and abilities solely to promote the interests of the Company and to diligently
and competently perform his duties, all in a manner in compliance with all applicable laws and
regulations and in accordance with applicable policies and procedures adopted or amended from time
to time by the Company, including, without limitation, the 2007 Employee Handbook, a copy of which
Employee acknowledges having received. Employee’s primary place of employment shall be at the
Company’s primary place of business in Miami-Dade County, Florida; however, Employee agrees and
acknowledges that a material part of the time devoted to his duties and position hereunder will
require that Employee travel on behalf of the Company.

4. Compensation and Benefits.

          a. Base Salary. During the Term, Employee will be paid, as compensation for services
rendered pursuant to this Agreement and Employee’s observance and performance of all of the
provisions of this Agreement, the amount of Three Hundred and Fifteen Thousand and No/100 Dollars
($315,000.00) per annum (the “Base Salary”). The Base Salary will be payable in accordance
with the normal payroll procedures of the Company as in effect from time to time.

          b. Benefits. During the Term, Employee will be entitled to participate in or benefit
from, in accordance with the eligibility and other provisions thereof, such life, health, medical,
accident, dental and disability insurance and such other benefit plans as the Company may make
generally available to, or have in effect for, other employees of the Company at the same general
level as Employee. The Company retains the right to terminate or amend any such plans from time to
time in its sole discretion.

          c. Performance Bonus. Employee shall be entitled to participate in the Company’s bonus
plan for senior management (the “SMBP”), and shall be eligible to receive an annual bonus
in an amount up to fifty percent (50%) of Employee’s Base Salary. The amount of the annual bonus
payable to Employee for a year (if any) shall be based upon the achievement of certain performance
goals established by the Compensation Committee of the Board, in its sole discretion, on or before
the last day of the first calendar quarter to which the annual bonus relates. Any bonuses
payable pursuant to this Section 4(c) shall be referred to herein as “Performance Bonuses.”

          d. Equity. Employee shall receive 5,000 shares of the Company’s common stock (the
“Restricted Stock”), which shall vest 100 % on the third anniversary of the Effective Date. So
long as the Employee is not terminated for Cause (as defined in Section 11(c) hereof), the
Restricted Stock shall continue to vest during any Period of Non-Competition unless and until
Employee breaches any of his obligations set forth in Sections 6, 7 and 8 hereof. The Restricted
Stock will be subject to the terms and conditions of the Company’s incentive plans, as in effect
and as may be amended from time to time in the Company’s sole discretion.

          e. Expenses. The Company will reimburse Employee, in accordance with the Company’s
expense reimbursement policies as may be established from time to time by the Company, for all
reasonable travel and other expenses actually incurred or paid by him during
the Term in the performance of his services under this Agreement, upon presentation of expense
statements or vouchers or such other supporting information as the Company may require.

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          f. Withholding. All payments under this Agreement will be subject to applicable taxes
and required withholdings.

          g. Automobile Allowance. During the Term of this Agreement, the Company shall provide
Employee with a non-accountable automobile allowance of Six Hundred Dollars ($600) per month, which
shall include, without limitation, reimbursements for car payments, gasoline, oil, repairs,
maintenance, insurance and other expenses incurred by Employee by reason of the use of Employee’s
automobile for Company business from time to time.

     5. Representations of Employee. Employee represents and warrants that he is not, (i) a
party to any enforceable employment agreement or other arrangement, whether written or oral, with
any past employer, that would prevent or restrict Employee’s employment with the Company; (ii) a
party to or bound by any agreement, obligation or commitment, or subject to any restriction,
including, but not limited to, confidentiality agreements, restrictive covenants or non-compete and
non-solicitation covenants, except for agreements with the Company or its affiliates; or (iii)
involved with any professional endeavors which in the future may possibly adversely affect or
interfere with the business of the Company, the full performance by Employee of his duties under
this Agreement or the exercise of his best efforts hereunder.

     6. Confidentiality.

          a. Confidential Information. Employee acknowledges that as a result of his employment
with the Company, Employee will gain knowledge of, and access to, proprietary and confidential
information and trade secrets of the Company and its subsidiaries and affiliates, including,
without limitation, (1) the identity of customers, suppliers, subcontractors and others with whom
they do business; (2) their marketing methods and strategies; (3) contract terms, pricing, margin,
cost information and other information regarding the relationship between them and the persons and
entities with which they have contracted; (4) their services, products, software, technology,
developments, improvements and methods of operation; (5) their results of operations, financial
condition, projected financial performance, sales and profit performance and financial
requirements; (6) the identity of and compensation paid to their employees, including Employee; (7)
their business plans, models or strategies and the information contained therein (8) their sources,
leads or methods of obtaining new business; and (9) all other confidential information of, about or
concerning the business of the Company and its subsidiaries and affiliates (collectively, the
“Confidential Information”). Employee further acknowledges that such information, even
though it may be contributed, developed or acquired by Employee, and whether or not the foregoing
information is actually novel or unique or is actually known by others, constitutes valuable assets
of the Company developed at great expense which are the exclusive property of the Company or its
subsidiaries and affiliates. Accordingly, Employee will not, at any time, either during or
subsequent to the Term, in any fashion, form or manner, directly or indirectly, (i) use, divulge,
disclose, communicate, provide or permit access to any person or entity, any Confidential
Information of any kind, nature or description, or (ii) remove from the Company’s or its
subsidiaries or affiliates’ premises any notes or records relating

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thereto, or copies or facsimiles thereof (whether made by electronic, electrical, magnetic,
optical, laser acoustic or other means) except in the case of both (i) and (ii), (A) as reasonably
required in the performance of his services to the Company under this Agreement, (B) to responsible
officers and employees of the Company who are in a contractual or fiduciary relationship with the
Company and who have a need for such information for purposes in the best interests of the Company,
(C) for such information which is or becomes generally available to the public other than as a
result of an unauthorized disclosure by Employee, and (D) or as otherwise necessary to comply with
the requirements of law, after providing the Company with not less than five (5) days prior written
notice of Employee’s intent to disclose. Employee acknowledges that the Company would not enter
into this Agreement without assurance that all Confidential Information will be used for the
exclusive benefit of the Company.

          b. Return of Confidential Information. Upon request by the Company, Employee
will promptly deliver to the Company all drawings, manuals, letters, notes, notebooks, reports and
copies thereof, including all originals and copies contained in computer hard drives or other
electronic or machine readable format, all Confidential Information and other materials relating to
the Company’s business, including, without limitation, any materials incorporating Confidential
Information, which are in Employee’s possession or control.

     7. Intellectual Property. Any and all material eligible for copyright or trademark
protection and any and all ideas and inventions (“Intellectual Property”), whether or not
patentable, in any such case solely or jointly made, developed, conceived or reduced to practice by
Employee (whether at the request or suggestion of any officer or employee of the Company or
otherwise, whether alone or in conjunction with others, and whether during regular hours of work or
otherwise) during the Term which arise from the fulfillment of Employee’s duties hereunder and
which may be directly or indirectly useful in the business of the Company will be promptly and
fully disclosed in writing to the Company. The Company will have the entire right, title and
interest (both domestic and foreign) in and such Intellectual Property, which is the sole property
of the Company. All papers, drawings, models, data and other materials relating to any such idea,
material or invention will be included in the definition of Confidential Information, will remain
the sole property of the Company, and Employee will return to the Company all such papers, and all
copies thereof, including all originals and copies contained in computer hard drives or other
electronic or machine readable format, upon the earlier of the Company’s request thereof, or the
expiration or termination of Employee’ employment hereunder. Employee will execute, acknowledge
and deliver to the Company any and all further assignments, contracts or other instruments the
Company deems necessary or expedient, without further compensation, to carry out and effectuate the
intents and purposes of the Agreement and to vest in the Company each and all of the rights of the
Company in the Intellectual Property.

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     8. Covenants

          a. Non-Competition and Non-Solicitation. Employee acknowledges and agrees that Company’s
and its subsidiary and affiliated companies (collectively, the “Companies”) existing or
contemplated businesses (collectively, the “Business”) are conducted throughout the United
States of America. Until two (2) years following the date of the termination of Employee’s
employment with the Company (the “Period of Non-competition” and within the United States
of America and the Commonwealth of Canada (including their
possessions, protectorate and territories, the “Territory”), Employee will not
(whether or not then employed by the Company for any reason), without the Company’s prior written
consent:

               (i) directly or indirectly own, manage, operate, control, be employed by, act as agent,
consultant or advisor for, or participate in the ownership, management, operation or control of,
or be connected in any manner through the investment of capital, lending of money, or rendering of
services or otherwise, with, any business of the type and character engaged in and competitive with
the Business. For these purposes, ownership of securities of one percent (1%) or less of any class
of securities of a public company will not be considered to be competition with the Business;

               (ii) solicit, persuade or attempt to solicit or persuade or cause or authorize directly or
indirectly to be solicited or persuaded any existing customer or client, or potential customer or
client to which the Companies have made a presentation or with which the Companies have been having
discussions, to cease doing business with or decrease the amount of business done with or not to
hire the Companies, or to commence doing Business with or increase the amount of Business done with
or hire another company;

               (iii) solicit, persuade or attempt to solicit or persuade or cause or authorize directly or
indirectly to be solicited or persuaded the business of any person or entity that is a customer or
client of the Companies, or was their customer or client within two (2) years prior to cessation of
Employee’s employment by any of the Companies or any of their subsidiaries, for the purpose of
competing with the Companies in the Business; or

               (iv) solicit, persuade or attempt to solicit or persuade or cause or authorize directly or
indirectly to be solicited or persuaded for employment, or employ or cause or authorize directly or
indirectly to be employed, on behalf of Employee or any other person or entity, any individual who
is or was at any time within six (6) months prior to cessation of Employee’s employment by the
Companies, an employee of any of the Companies.

     If Employee breaches or violates any of the provisions of this Section 8, the running
of the Period of Non-Competition (but not of any of Employee’s obligations under this Section 8 )
will be tolled with respect to Employee during the continuance of any actual breach or violation.
In addition to any other rights or remedies the Company may have under this Agreement applicable
law, the Company will be entitled to receive from Employee reimbursement for all attorneys’ and
paralegal fees and expenses and court costs incurred by the Companies in enforcing this Agreement
and will have the right and remedy to require Employee to account for and pay over to the Company
all compensation, profit, monies, accruals or other benefits derived or received, directly or
indirectly, by Employee from the action constituting a breach or violation of this Section
8.

          b. Exceptions. Telecommunications operators (such as Sprint, MCI, AT&T), cable companies
and other non-construction or installation customers of the Company shall not be considered engaged
in and competitive with the Business.

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     9. Reasonable Restrictions. The parties acknowledge and agree that the restrictions set
forth in Sections 6, 7, and 8 of this Agreement are reasonable for the purpose of
protecting the value of the business and goodwill of the Companies. It is the desire and
intent of the parties that the provisions of Sections 6, 7, and 8 be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in which enforcement is
sought. If any particular provisions or portions of Sections 6, 7 or 8 are adjudicated to be
invalid or unenforceable, then such section will be deemed amended to delete such provision or
portion adjudicated to be invalid or unenforceable; provided, however, that such amendments to
apply only with the respect to the operation of such section in the particular jurisdiction in
which such adjudication is made.

     10. Breach or Threatened Breach. The parties acknowledge and agree that the performance
of the obligations under Sections 6, 7 and 8 by Employee are special, unique and extraordinary in
character, and that in the event of the breach or threatened breach by Employee of the terms and
conditions of Sections 6, 7 or 8, the Companies will suffer irreparable injury and that monetary
damages would not provide an adequate remedy at law and that no remedy at law may exist.
Accordingly, in the event of such breach or threatened breach, the Company will be entitled, if it
so elects and without the posting of any bond or security, to institute and prosecute proceedings
in any court of competent jurisdiction, in law and in equity, to obtain damages for any breach of
Sections 6, 7 or 8 or to enforce the specific performance of this Agreement by Employee or to
enjoin Employee from breaching or attempting to breach Sections 6, 7 or 8. In the event the
Company believes that the Employee has breached Employee’s obligations under Sections 6, 7 or 8,
or threatens to do so, it shall promptly provide the Employee written notice of such belief setting
forth the basis for its belief and, (unless under exigent circumstances, as determined by the
Company at its sole discretion, it would harm the Company to delay the institution of legal
proceedings) five (5) business days to respond to the notice, prior to the initiation of legal
proceedings.

     11. Termination. This Agreement and Employee’s employment under this Agreement may be
terminated upon the occurrence of any of the events described in, and subject to the terms of, this
Section 11:

          a. Death. Immediately and automatically upon the death of Employee.

          b. Disability. At the Company’s option, immediately upon written notice if Employee
suffers a “permanent disability”, meaning any incapacity, illness or disability of Employee
which renders Employee mentally or physically unable to perform his duties under this Agreement for
a continuous period of sixty (60) days, or one hundred twenty (120) days (whether or not
consecutive), during the Term, as reasonably determined by the Company.

          c. Termination for Cause. At the Company’s option, immediately upon notice to Employee,
upon the occurrence of any of the following events (each “Cause”), (i) Employee being
convicted of any felony (whether or not against the Company or its subsidiaries or affiliates);
(ii) a material failure of Employee to perform Employee’s responsibilities after ten (10) days’
written notice given by an Executive Officer to Employee, which notice shall identify the
Employee’s failure in sufficient detail and grant Employee an opportunity to cure such failure
within such ten (10) day period (“Notice”); (iii) a breach by Employee of any of his
obligations under Sections 6, 7 or 8; (iv) any material act of dishonesty or other misconduct by
Employee against the Company or any of its subsidiaries or affiliates; (v) a material violation by

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Employee of any of the policies or procedures of the Company or any of its subsidiaries or affiliates,
including without limitation the 2007 Company Handbook, provided, however, that if such violation
is curable, then Employee will be given ten (10) days written Notice and the opportunity to cure
such violation; or (vi) Employee voluntarily terminates this Agreement or leaves the employ of the
Company or its subsidiaries or affiliates for any reason, other than Good Reason.

          d. Termination Without Cause. At the Company’s option for any reason, or no reason, upon
five (5) days’ notice to Employee given by the CEO.

          e. Termination With Good Reason. At Employee’s option, upon not less than thirty (30)
business days’ written notice to the Company, and the Company’s failure to cure within such thirty
(30) business days, upon the occurrence of any of the following events (each “Good Reason”)
(i) the material diminution of, Employee’s position, duties, titles, offices and responsibilities
with the Company; (ii) a material reduction of Employee’s compensation, bonus opportunity and
benefits; (iii) a relocation of the Company’s principal executive offices outside of Miami-Dade and
Broward Counties, Florida; or (iv) a material breach of any other provision of this Agreement by
the Company.

          f. Payments After Termination. If this Agreement and Employee’s employment hereunder are
terminated for the reasons set forth in Sections 11(a) or 11(b), then Employee or Employees estate
will receive the Base Salary and any Performance Bonus earned for the year in which the Employee’s
employment so terminates, and all of Employee’s stock options and restricted stock shall
immediately vest. If the Company terminates this Agreement and Employee’s employment hereunder for
the reasons set forth in Section 11(c)(i-vi), then (i) Employee will receive his Base Salary
through the date of termination and (ii) Employee will forfeit any entitlement that Employee may
have to receive any Performance Bonus. If this Agreement is terminated for the reason set forth in
Section 11(d) or Section 11(e), then (i) Employee will receive his Base Salary, and benefits set
forth in Section 4(b) hereof (collectively, with the payment of the Base Salary, the “Severance
Benefits”), for a period of twelve (12) months from the date of termination (the “Severance
Period”) and the Restricted Stock referred to in Section 4(d) shall immediately vest. The
Severance Benefit shall be payable in accordance with the Company’s payroll procedures and subject
to applicable withholdings, and Employee will forfeit any entitlement that Employee may have to
receive any Performance Bonus.

          g. General. Notwithstanding anything to the contrary set forth in this Agreement, the
provision of payments after termination in accordance with the provisions of Section 11(f) above,
shall not be a bar to the Employee’s continued entitlement from the Company of (i) reimbursements
of proper expenses, (ii) automobile and expense allowances, (iii) vested benefit and welfare
entitlements; (iv) unemployment compensation, (v) workers compensation benefits, (vi) accrued
vacation time (if consistent with Company policy), (vii) Base Salary through date of termination.
Notwithstanding anything in this Agreement to the contrary, if Employee is employed by the Company
for an entire calendar (e.g., the 2008 calendar year) and is terminated for any reason prior to the
payment of the Performance Bonus for that year, if any, the Company hereby agrees to pay Employee
any Performance Bonus that he would have otherwise been entitled to for that prior year,
simultaneous with the payment of such bonuses to the Company’s employees, and (viii) continued
vesting of options and restricted
stock as may be provided in accordance with the provisions of this Agreement or any incentive
plan. Upon payment by the Company of the amounts described in Section 11(f) and this Section 11(g),
Employee will not be entitled to receive any further compensation or benefits from the Company.

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          h. Change in Control. If, prior to the completion of the Term, there occurs a Change
in Control, as defined in Exhibit A, then and in that case only, in lieu of any payments previously
described in this Section 11, all Employee’s stock options and restricted stock then outstanding
shall immediately vest and Employee will receive an amount on the date of the Change of Control
equal to 2.0 times the Employees’s Base Salary set forth in Section 4(a) above, and shall continue
to receive those benefits as set forth in Section 4(b) hereof for a period of 12 months.

     12. Compliance with Section 409A: To the extent the Employee would otherwise be
entitled to any payment (whether pursuant to this Agreement or otherwise) during the six months
beginning on termination of employment, that would be subject to the additional tax imposed under
Section 409A of the Code (“Section 409A”), (i) the payment will not be made and (ii) the payment,
with interest at the rate being paid by the Company on its senior credit facility (the “Senior
Credit Interest Rate”) determined as of the date of termination of the Employee’s employment, will
be paid to the Employee on the earlier of the six-month anniversary of the Employee’s date of
termination of employment or the Employee’s death or disability (within the meaning of Section
409A). Similarly, to the extent the Employee otherwise would be entitled to any benefit (other
than a payment) during the six months beginning on termination of employment that would be subject
to the Section 409A additional tax, the benefit will be delayed and will begin being provided
(together, if applicable, with an adjustment to compensate the Employee for the delay) on the
earlier of the six-month anniversary of the date of termination, death or disability (within the
meaning of Section 409A). It is the Company’s intention that the benefits and rights to which the
Employee could become entitled in connection with termination of employment comply with Section
409A. If the Employee or the Company believes, at any time, that any of such benefit or right does
not comply, it will promptly advise the other and will negotiate reasonably and in good faith to
amend the terms of such arrangement such that it complies.

13. Miscellaneous.

          a. Survival. The provisions Sections 6, 7, 8, 10, 11, 12 and 13 will survive the
termination or expiration of this Agreement for any reason.

          b. Entire Agreement. This Agreement constitutes the entire agreement of the parties
pertaining to its subject matter and supersedes all prior or contemporaneous agreements or
understandings between the parties pertaining to the subject matter of this Agreement (including,
without limitation, the employment agreement by and between the Company dated November 16, 2005),
and there are no promises, agreements, conditions, undertakings, warranties, or representations,
whether written or oral, expressed or implied, between the parties other than as set forth in this
Agreement.

          c. Modification. This Agreement may not be amended or modified, or any provision waived,
unless in writing and signed by both parties.

          d. Waiver. Failure of a party to enforce one or more of the provisions of this Agreement
or to require at any time performance of any of the obligations of this Agreement will not be
construed to be a waiver of such provisions by such party nor to in any way affect the validity of
this Agreement or such party’s right thereafter to enforce any provision of this Agreement, nor to
preclude such party from taking any other action at any time which it would legally be entitled to
take.

          e. Successors and Assigns. This Agreement may not be assigned or the duties delegated
unless in writing and signed by both parties, except for any assignment by the Company occurring by
operation of law or the transfer of substantially all of the Company’s assets. Subject to the
foregoing, this Agreement will inure to the benefit of, and be binding upon, the parties and their
heirs, beneficiaries, personal representatives, successors and permitted assigns.

          f. Notices. Any notice, demand, consent, agreements, request, or other communication
required or permitted under this Agreement will be in writing and will be, (i) mailed by
first-class mail, registered or certified, return receipt requested, postage prepaid, (ii)
delivered personally by independent courier, or (iii) transmitted by facsimile, to the parties at
the addressee as follows (or at such other addresses as will be specified by the parties by like
notice. If to Employee, then to:

Alberto de Cardenas

1508 Zoreta Avenue

Coral Gables, Florida 33146

If to the Company, then to:

MasTec, Inc.

Douglas Entrance, 12th Floor

80 Douglas Road

Coral Gables, Florida

Attn: Legal Department

Facsimile: 305-406-1907

Each party may designate by notice in writing a new address to which any notice, demand, consent,
agreement, request or communication may thereafter be given, served or sent. Each notice, demand,
consent, agreement, request or communication that is mailed, hand delivered or transmitted in the
manner described above will be deemed received for all purposes at such time as it is delivered to
the addresses (with the return receipt, the courier delivery receipt or the telecopier answer back
confirmation being deemed conclusive evidence of such delivery) or at such time as deliver is
refused by the addressee upon presentation.

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          g. Severability. If any provision of this Agreement is held to be invalid or
unenforceable by a court of competent jurisdiction, then such invalidity or unenforceability will
not affect the validity and enforceability of the other provisions of this Agreement and the
provision held to be invalid or unenforceable will be enforced as nearly as possible according
to its original terms and intent to eliminate such invalidity or unenforceability.

          h. Counterparts. This Agreement may be executed in any number of counterparts, and
all counterparts will collectively be deemed to constitute a single binding agreement.

          i. Governing Law; Venue. This Agreement will be governed by the laws of the State of
Florida, without regard to its conflicts of law principles. Employee consents to the jurisdiction
of any state or federal court located within Miami-Dade County, State of Florida, agrees that such
courts shall be the exclusive jurisdiction for any suit, action, or legal proceeding arising
directly or indirectly out of this Agreement, and consents that all service of process may be made
by registered or certified mail directed to Employee at the address in Section 13(f) of this
Agreement. Employee waives any objection which Employee may have based on lack of personal
jurisdiction or improper venue or forum non conveniens to any suit or proceeding instituted by the
Company under this Agreement in any state or federal court located within Miami-Dade County,
Florida and consents to the granting of such legal or equitable relief as is deemed appropriate by
the court. This provision is a material inducement for the Company to enter into this Agreement
with Employee.

          j. Participation of Parties. The parties acknowledge that this Agreement and all
matters contemplated herein have been negotiated between both of the parties and their respective
legal counsel and that both parties have participated in the drafting and preparation of this
Agreement from the commencement of negotiations at all times through execution. Therefore, the
parties agree that this Agreement will be interpreted and construed without reference to any rule
requiring that this Agreement be interpreted or construed against the party causing it to be
drafted.

          k. Injunctive Relief. It is possible that remedies at law may be inadequate and,
therefore, the parties will be entitled to equitable relief including, without limitation,
injunctive relief, specific performance or other equitable remedies in addition to all other
remedies provided hereunder or available to the parties hereto at law or in equity.

          l. Waiver of Jury Trial. EACH OF THE COMPANY AND EMPLOYEE IRREVOCABLY WAIVES ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THE
PROVISIONS OF THIS AGREEMENT.

          m. Right to Setoff. The Company will be entitled, in its discretion and in addition
to any other remedies it may have in law or in equity, to set-off against any amounts payable to
Employee under this Agreement or otherwise the amount of any obligations of Employee to the Company
under this Agreement that are not paid by Employee when due. In the event of any such setoff, the
Company will promptly provide the Employee with a written explanation of such setoff , and an
opportunity to register a written protest thereof.

          n. Litigation: Prevailing Party. In the event of any litigation,
administrative proceeding, arbitration, mediation or other proceeding with regard to this
Agreement, the prevailing party will be entitled to receive from the non-prevailing party and
the non-prevailing party will pay upon demand all court costs and all reasonable fees and expenses
of counsel and paralegals for the prevailing party.

          o. Descriptive Headings. The descriptive headings herein are inserted for convenience
only and are not intended to be part of or to affect the meaning or interpretation of this
Agreement.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

9

 

     EXECUTED as of the date set forth in the first paragraph of this Agreement.

	 	 	 	 	 
	 	EMPLOYEE 

 	 
	 	/s/Alberto de Cardenas
 	 
	 	Alberto de Cardenas                             	 
	 	 	 
	 

	 	 	 	 	 
	 	MASTEC, INC. 

 	 
	 	By:  	/s/ Jose Mas
 	 
	 	 	Jose Mas, Chief Executive Officer               	 
	 	 	 	 
	 

10

 

EXHIBIT A

“Change in Control” shall mean:

	(a)	 	Acquisition By Person of Substantial Percentage. The acquisition by a Person
(including “affiliates” and “associates” of such Person, but excluding the Company, and
“parent” or “subsidiary” of the Company, or any employee benefit plan of the Company) of a
sufficient number of shares of the Common Stock, or securities convertible into the Common
Stock, and whether through direct acquisition of shares or by merger, consolidation, share
exchange, reclassification of securities or recapitalization of or involving the Company or
any “parent” or “subsidiary” of the Company, to constitute actual or beneficial owner of 51%
or more of the Common Stock.;
	 
	(b)	 	Disposition of Assets. Any sale, lease, transfer, exchange, mortgage, pledge or
other disposition, in one transaction or a series of transactions, of all or substantially all
of the assets of the Company or of any “subsidiary” of the Company to a Person described in
subsection (a) above, but only if such transaction occurs without approval or ratification by
a majority of the members of the Board; or
	 
	(c)	 	Substantial Change of Board Members. During any fiscal year of the Company,
individuals who at the beginning of such year constitute the Board cease for any reason to
constitute at least a majority thereof, unless the election of each director who was not a
director at the beginning of such period has been approved in advance by a majority of the
directors in office at the beginning of the fiscal year.

For purposes of this Section, the terms “affiliate,” “associate,” “parent” and “subsidiary” shall
have the respective meanings ascribed to such terms in Rule 12b-2 under Section 12 of the 1934 Act.

11

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