Document:

Exhibit 10.1

 

NONE OF THE SECURITIES TO WHICH THIS
SUBSCRIPTION AGREEMENT RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

PRIVATE PLACEMENT SUBSCRIPTION
FOR U.S. SUBSCRIBERS

Wave Sync, Corp.

 

PRIVATE PLACEMENT
INSTRUCTIONS TO SUBSCRIBER:

 

COMPLETE the information on page 2 of this Subscription
Agreement.

 

COURIER the originally executed copy of the entire Subscription
Agreement to MEDORA CORP., to

 

Wave Sync, Corp.

 

c/o 19 West 44th Street, Suite 1001,
New York, NY 10036 Attention: Jiang Hui

 

Wave Sync,
Corp. PRIVATE PLACEMENT

 

	The Subscriber hereby irrevocably subscribes for, and on Closing will purchase from the Company, the following securities at a price of US$0.10 per Share:

                                                                                 

	 
	Shares

 

EXECUTED by the Subscriber this______day of______
, 2021. By executing this Agreement, the Subscriber certifies that the Subscriber and any beneficial purchaser for whom the Subscriber
is acting is resident in the jurisdiction shown as the “Address of the Subscriber”. The address of the Subscriber will be
accepted by the Company as a representative as to the address of residency for the

 

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	WITNESS:	 	EXECUTION BY SUBSCRIBER:
	 	 	 
	 	 	X
	Signature of witness	 	
	 	 	Signature of Subscriber
	 	 	 
	Name of witness	 	Name of Subscriber (please print)
	 	 	
	ACCEPTED this_______ day of _______ , _________ . 	 	
	 	 	Address of Subscriber (residence)
	Wave Sync, Corp.	 	 
	 	 	 
	Per:	 	 
	 	 	 
	 	 	 
	Authorized signatory	 	 
	 	 	 

  

By signing this acceptance, the Company agrees to be bound
by all representations, warranties, covenants and agreements on pages 4-12 hereof.

 

This Subscription Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an original and all of which together shall constitute one
instrument. Delivery of an executed copy of this Subscription Agreement by electronic facsimile transmission or other means of electronic
communication capable of producing a printed copy will be deemed to be execution and delivery of this Subscription Agreement as of the
date hereinafter set forth.

 

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Purchase of Shares

 

	1.	SUBSCRIPTION

 

1.1 The
undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase the number of ordinary shares of the
Company (the “Shares”) as set out on page 2 of this Subscription Agreement at a price of US$0.10 per Share (such subscription
and agreement to purchase being the “Subscription”), for the total subscription price as set out on page 2 of this Subscription
Agreement (the “Subscription Proceeds”), which Subscription Proceeds are tendered herewith, on the basis of the representations
and warranties and subject to the terms and conditions set forth herein.

 

1.2 The
Company hereby agrees to sell, on the basis of the representations and warranties and subject to the terms and conditions set forth herein,
to the Subscriber the Shares. Subject to the terms hereof, the Subscription Agreement will be effective upon its acceptance by the Company.
This offering is not subject to any minimum or maximum offering.

 

1.3 Unless
otherwise provided, all dollar amounts referred to in this Subscription Agreement are in lawful money of the United States of America.

 

	2.	PAYMENT

 

2.1 The
Subscription Proceeds must accompany this Subscription Agreement and paid to the Escrow Agent (defined below) in accordance with the Payment
Instructions attached hereto

 

2.2 The
Subscriber acknowledges and agrees that this Subscription Agreement, the Subscription Proceeds and any other documents delivered in connection
herewith will be held by the Company’s lawyers on behalf of the Company. In the event that this Subscription Agreement is not accepted
by the Company for whatever reason within 60 days of the delivery of an executed Subscription Agreement by the Subscriber, this Subscription
Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be returned to the Subscriber at the
address of the Subscriber as set forth in this Subscription Agreement without interest or deduction.

 

2.3 Where
the Subscription Proceeds are paid to the Company, the Company may treat the Subscription Proceeds as a non-interest bearing loan and
may use the Subscription Proceeds prior to this Subscription Agreement being accepted by the Company.

 

2.4 The
Subscriber must complete, sign and return to the Company an executed copy of this Subscription Agreement, including the attached completed
Questionnaire.

 

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2.5 The
Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires,
notices and undertakings as may be required by regulatory authorities, and applicable law.

 

2.6 Carmel,
Milazzo & Feil LLP has been appointed as the “Escrow Agent” for this Offering. By executing this Subscription Agreement,
you are authorizing the Company to direct the Escrow Agent with respect to the release of the Subscription Proceeds on your behalf.

 

	3.	CLOSING

 

3.1 Closing of the purchase
and sale of the Shares shall occur on or before _____, 2021, or on such other date as may be determined by the Company in
its sole discretion (the “Closing Date”). The Subscriber acknowledges that Shares may be issued to other subscribers under
this offering (the “Offering”) before or after the Closing Date. The Company, may, at its discretion, elect to close the
Offering in one or more closings, in which event the Company may agree with one or more subscribers (including the Subscriber hereunder)
to complete delivery of the Shares to such subscriber(s) against payment therefore at any time on or prior to the Closing Date.

 

	4.	ACKNOWLEDGEMENTS OF SUBSCRIBER

 

 4.1 The Subscriber acknowledges and agrees that:

 

(a) none
of the Shares have been registered under the Securities Act of 1933, as amended (the “1933 Act”), or under any state securities
or “blue sky” laws of any state of the United States, and are being offered only in a transaction not involving any public offering
within the meaning of the 1933 Act, and, unless so registered, may not be offered or sold in the United States or to U.S. Persons (as
defined herein), except pursuant to an effective registration statement under the 1933 Act, or pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the 1933 Act, and in each case only in accordance with applicable state and
provincial securities laws;

 

(b) the
Company will refuse to register any transfer of any of the Shares not made in accordance with the provisions of Regulation D, pursuant
to an effective registration statement under the 1933 Act or pursuant to an available exemption from, or in a transaction not subject
to, the registration requirements of the 1933 Act;

 

(c) the
decision to execute this Subscription Agreement and purchase the Shares agreed to be purchased hereunder has not been based upon any oral
or written representation as to fact or otherwise made by or on behalf of the Company and such decision is based solely upon a review
of information regarding the Company provided by the Company to the Subscriber (the “Company Information”);

 

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(d) the Subscriber and the
Subscriber’s advisor(s) have had a reasonable opportunity to review the Company Information and to ask questions of and
receive answers from the Company regarding the Offering, and to obtain additional information, to the extent possessed or obtainable
without unreasonable effort or expense, necessary to verify the accuracy of the information contained in the Company Information, or
any other document provided to the Subscriber;

 

(e) the
books and records of the Company were available upon reasonable notice for inspection, subject to certain confidentiality restrictions,
by the Subscriber during reasonable business hours at its principal place of business and that all documents, records and books pertaining
to this Offering have been made available for inspection by the Subscriber, the Subscriber’s attorney and/or advisor(s);

 

(f) by
execution hereof the Subscriber has waived the need for the Company to communicate his acceptance of the purchase of the Shares pursuant
to this Subscription Agreement;

 

(g) the
Company is entitled to rely on the representations and warranties and the statements and answers of the Subscriber contained in this Subscription
Agreement and the Subscriber will hold harmless the Company from any loss or damage it may suffer as a result of the Subscriber’s failure
to correctly complete this Subscription Agreement;

 

(h) the
Subscriber will indemnify and hold harmless the Company and, where applicable, its respective directors, officers, employees, agents,
advisors and shareholders from and against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited
to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit,
administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any acknowledgment, representation
or warranty of the Subscriber contained herein or in any other document furnished by the Subscriber to the Company in connection herewith,
being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber
to the Company in connection therewith;

 

(i) the
issuance and sale of the Shares to the Subscriber will not be completed if it would be unlawful or if, in the discretion of the Company
acting reasonably, it is not in the best interests of the Company;

 

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(j) the
Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors with respect to the merits and risks of an investment
in the Shares and with respect to the applicable resale restrictions, and he is solely responsible (and the Company is not in any way
responsible) for compliance with:

 

(i) any
applicable laws of the jurisdiction in which the Subscriber is resident in connection with the distribution of the Shares hereunder; and

 

 (ii) applicable resale restrictions;

 

(k) the
Subscriber is acquiring the Shares as principal for his own account, for investment purposes only, and not with a view to, or for, resale,
distribution or fractionalization thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in such
Shares;

 

(l) the
statutory and regulatory basis for the exemption claimed for the offer and sale of the Shares, although in technical compliance with Regulation
D, would not be available if the Offering is part of a plan or scheme to evade the registration provisions of the 1933 Act;

 

(m) neither
the SEC nor any other securities commission or similar regulatory authority has reviewed or passed on the merits of any of the Shares;

 

(n) no
documents in connection with this Offering have been reviewed by the SEC or any state securities administrators;

 

 (o) there is no government or other insurance covering any of the Shares; and

 

(p) this
Subscription Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges
and agrees that the Company reserves the right to reject any subscription for any reason.

 

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	5.	REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SUBSCRIBER

 

5.1 The
Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall survive
the Closing Date) that:

 

(a) Accredited
Investor. He is an “accredited investor,” as defined in Rule 501 of Regulation D, and has marked the applicable box set
forth in this section signifying such status.

 

		☐	a corporation, business trust, limited liability company,
or partnership not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000.

 

		☐	any trust, with total assets in excess of $5,000,000, not
formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person who has such
knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment.

 

		☐	an individual, who

 

		☐	is a director, executive officer or general partner of the
Company which Shares are being offered or sold or a director, executive officer or general partner of a general partner of the Company.

 

		☐	has an individual net worth, or joint net worth with that
person’s spouse, at the time of the purchase exceeding $1,000,000.

 

		☐	had an individual income in excess of $200,000 in each of
the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable
expectation of reaching the same income level in the current year.

 

		☐	an entity, each owner of which is an entity described or is
an individual described in above.

 

(b) Investment
Experience; Access to Information; Independent Investigation.

 

(i) Access
to Information. The Subscriber or his professional advisor has been granted the opportunity to ask questions of and receive answers from
representatives of the Company, and its officers, directors, employees and agents concerning the terms and conditions of the Offering,
and the Company and its business and prospects, and to obtain any additional information which the Subscriber or his professional advisor
deems necessary to verify the accuracy of the information received.

 

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(ii) Ability
to Evaluate. The Subscriber has such knowledge and experience in financial and business matters that it is fully capable of evaluating
the merits and risks of an investment in the Company;

 

(iii) Investment
Experience; Fend for Self. The Subscriber has substantial experience in investing in securities and has made investments in securities
other than those of the Company. The Subscriber acknowledges that he is able to fend for himself in the transaction contemplated by this
Agreement and that he has the ability to bear the economic risk of his investment in the Company.

 

(iv) Not
an Affiliate. The Subscriber is not an officer, director or “affiliate” (as that term is defined in Rule 415 of the Securities
Act) of the Company.

 

(c) Investment; No
Distribution. The Subscriber is acquiring the Shares solely for investment purposes for the Subscriber’s own account (or for
beneficiaries’ accounts over which the Subscriber has investment discretion but no discretionary authority as to voting or
disposition) and not with a view to a distribution of all or any part thereof and not for assignment or resale to others, and no
other person has a direct or indirect beneficial interest is such Shares, and the Subscriber has not subdivided his interest in the
Shares with any other person;

 

The Subscriber is aware that there are legal and practical
limits on its ability to sell or dispose of the Shares and therefore, that the Subscriber must bear the economic risk of its investment
for an indefinite period of time. The Subscriber has adequate means of providing for his current needs and anticipated contingencies and
has no need for liquidity of this investment. The Subscriber’s commitment to illiquid investments is reasonable in relation to his
net worth and can afford the complete loss of such investment.

 

(d) the
Subscriber understands and agrees not to engage in any hedging transactions involving any of the Shares unless such transactions are in
compliance with the provisions of the 1933 Act and in each case only in accordance with applicable state securities laws;

 

(e) the
Subscriber has the legal capacity and competence to enter into and execute this Subscription Agreement and to take all actions required
pursuant hereto and, if the Subscriber is a corporation, it is duly incorporated and validly subsisting under the laws of its jurisdiction
of incorporation and all necessary approvals by its directors, shareholders and others have been obtained to authorize execution and performance
of this Subscription Agreement on behalf of the Subscriber;

 

(f) the
entering into of this Subscription Agreement and the transactions contemplated hereby do not result in the violation of any of the terms
and provisions of any law applicable to, or, if applicable, the constating documents of, the Subscriber, or of any agreement, written
or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound;

 

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(g) the
Subscriber has duly executed and delivered this Subscription Agreement and it constitutes a valid and binding agreement of the Subscriber
enforceable against the Subscriber;

 

(h) the
Subscriber has received and carefully read this Subscription Agreement;

 

(i) the
Subscriber understands and agrees that the Company and others will rely upon the truth and accuracy of the acknowledgements, representations,
warranties, covenants and agreements contained in this Subscription Agreement, and agrees that if any of such acknowledgements, representations
and agreements are no longer accurate or have been breached, the Subscriber shall promptly notify the Company;

 

(j) the
Subscriber is aware that an investment in the Company is speculative and involves certain risks, including the possible loss of the investment;

 

(k) the
Subscriber is not an underwriter of, or dealer in, the Shares, nor is the Subscriber participating, pursuant to a contractual agreement
or otherwise, in the distribution of the Shares;

 

(l) the
Subscriber has made an independent examination and investigation of an investment in the Shares and the Company and has depended on the
advice of its legal and financial advisors and agrees that the Company will not be responsible in anyway whatsoever for the Subscriber’s
decision to invest in the Shares and the Company;

 

(m) if
the Subscriber is acquiring the Shares as a fiduciary or agent for one or more investor accounts, the Subscriber has sole investment discretion
with respect to each such account, and the Subscriber has full power to make the foregoing acknowledgements, representations and agreements
on behalf of such account;

 

(n) the
Subscriber is not aware of any advertisement of any of the Shares and is not acquiring the Shares as a result of any form of general solicitation
or general advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar
media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general solicitation or general
advertising;

 

 (o) no person has made to the Subscriber any written or oral representations:

 

 (i) that any person will resell or repurchase any of the Shares,

 

 (ii) that any person will refund the purchase price of any of the Shares,

 

 (iii) as to the future price or value of any of the Shares, or

 

(iv) that
any of the Shares will be listed and posted for trading on any stock exchange or automated dealer quotation system or that application
has been made to list and post any of the Shares of the Company on any stock exchange or automated dealer quotation system; and

 

(p) the
Subscriber acknowledges and agrees that the Company shall not consider the Subscriber’s Subscription for acceptance unless the undersigned
provides to the Company, along with an executed copy of this Subscription Agreement and such other supporting documentation that the Company
or its legal counsel may request to establish the Subscriber’s qualification as a qualified investor.

 

5.2 In
this Subscription Agreement, the term “U.S. Person” shall have the meaning ascribed thereto in Regulation S promulgated under
the 1933 Act and for the purpose of the Subscription Agreement includes any person in the United States.

 

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	6.	ACKNOWLEDGEMENT AND WAIVER

 

6.1 The
Subscriber has acknowledged that the decision to purchase the Shares was solely made on the Company Information. The Subscriber hereby
waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages to which the Subscriber
might be entitled in connection with the distribution of any of the Shares.

 

	7.	REPRESENTATIONS AND WARRANTIES WILL BE RELIED UPON
                                            BY THE COMPANY

 

7.1 The
Subscriber acknowledges that the acknowledgements, representations and warranties contained herein are made by it with the intention that
they may be relied upon by the Company and its legal counsel in determining the Subscriber’s eligibility to purchase the Shares under
applicable securities legislation, or (if applicable) the eligibility of others on whose behalf it is contracting hereunder to purchase
the Shares under applicable securities legislation. The Subscriber further agrees that by accepting delivery of the certificates representing
the Shares, it will be representing and warranting that the acknowledgements representations and warranties contained herein are true
and correct as of the date hereof and will continue in full force and effect notwithstanding any subsequent disposition by the Subscriber
of such Shares.

 

	8.	RESALE RESTRICTIONS

 

8.1 The
Subscriber acknowledges that any resale of the Shares will be subject to resale restrictions contained in the securities legislation applicable
to the Subscriber or proposed transferee. The Subscriber acknowledges that none of the Shares have been registered under the 1933 Act
or the securities laws of any state of the United States. None of the Shares may be offered or sold in the United States unless registered
in accordance with federal securities laws and all applicable state securities laws or exemptions from such registration requirements
are available.

 

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	9.	LEGENDING AND REGISTRATION OF SUBJECT SECURITIES

 

9.1 The
Subscriber hereby acknowledges that upon the issuance thereof, and until such time as the same is no longer required under the applicable
securities laws and regulations, the certificates representing any of the Shares will bear a legend in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, NOR THE SECURITIES LAWS OF
ANY OTHER JURISDICTION. THEY MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THOSE
SECURITIES LAWS OR AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE COMPANY, THAT THE SALE OR TRANSFER IS PURSUANT TO AN
EXEMPTION TO THE REGISTRATION REQUIREMENTS OF THOSE SECURITIES LAWS.”

 

9.2 The
Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar and
transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Subscription Agreement.

 

	10.	COLLECTION OF PERSONAL INFORMATION

 

10.1 The
Subscriber acknowledges and consents to the fact that the Company is collecting the Subscriber’s personal information for the purpose
of fulfilling this Subscription Agreement and completing the Offering. The Subscriber’s personal information (and, if applicable, the
personal information of those on whose behalf the Subscriber is contracting hereunder) may be disclosed by the Company to (a) stock exchanges
or securities regulatory authorities, (b) the Company’s registrar and transfer agent and (c) any of the other parties involved in the
Offering, including legal counsel, and may be included in record books in connection with the Offering. By executing this Subscription
Agreement, the Subscriber is deemed to be consenting to the foregoing collection, use and disclosure of the Subscriber’s personal information
(and, if applicable, the personal information of those on whose behalf the Subscriber is contracting hereunder) and to the retention of
such personal information for as long as permitted or required by law or business practice. Notwithstanding that the Subscriber may be
purchasing Shares as agent on behalf of an undisclosed principal, the Subscriber agrees to provide, on request, particulars as to the
identity of such undisclosed principal as may be required by the Company in order to comply with the foregoing.

 

	11.	COSTS

 

11.1 The
Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the purchase of the Shares shall be borne by the Subscriber.

 

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	12.	GOVERNING LAW

 

12.1 This
Subscription Agreement is governed by the laws of the State of New York and the federal laws of the United States applicable thereto.
The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it is acting,
irrevocably agrees to the exclusive jurisdiction of the Courts of the State of New York, County of New York, and Borough of Manhattan.

 

	13.	SURVIVAL

 

13.1 This
Subscription Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive and
continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the Shares
by the Subscriber pursuant hereto.

 

	14.	ASSIGNMENT

 

 14.1 This Subscription Agreement is not transferable or assignable.

 

	15.	SEVERABILITY

 

15.1 The
invalidity or unenforceability of any particular provision of this Subscription Agreement shall not affect or limit the validity or enforceability
of the remaining provisions of this Subscription Agreement.

 

	16.	ENTIRE AGREEMENT

 

16.1 Except
as expressly provided in this Subscription Agreement and in the agreements, instruments and other documents contemplated or provided for
herein, this Subscription Agreement contains the entire agreement between the parties with respect to the sale of the Shares and there
are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by statute or common law,
by the Company or by anyone else.

 

	17.	NOTICES

 

17.1 All
notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted by
any standard form of telecommunication. Notices to the Subscriber shall be directed to the address on page 2 and notices to the Company
shall be directed to it at the first page of this Subscription Agreement.

 

	18.	COUNTERPARTS AND ELECTRONIC MEANS

 

18.1 This
Subscription Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall constitute
an original and all of which together shall constitute one instrument. Delivery of an executed copy of this Subscription Agreement by
electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be
execution and delivery of this Subscription Agreement as of the date hereinafter set forth.

 

 

12Exhibit 10.1
WILLIAMS INDUSTRIAL SERVICES GROUP INC.
TIME-BASED UNIT AGREEMENT
​
Notice of Unit Award
Williams Industrial Services Group Inc. (the “Company”) grants to the Grantee named below, in accordance with the terms of the Williams Industrial Services Group Inc. 2015 Equity Incentive Plan (the “Plan”) and this Time-Based Unit Agreement (the “Agreement”), the number of Units set forth below, as of the Date of Grant set forth below.  Capitalized terms used in this Agreement without definition shall have the meanings assigned to them in the Plan.
	​

	​

	Name of Grantee:
	[•]

	Date of Grant:
	March 31, 2021

	Number of Units:
	[•]

	Vesting Date:
	March 31, 2024

​
Terms of Agreement
1.Grant of Units. Subject to and upon the terms, conditions, and restrictions set forth in this Agreement and in the Plan, the Company hereby grants to the Grantee as of the Date of Grant, the Units set forth above. Each Unit shall represent the contingent opportunity to receive one Share or a cash payment and generally shall be equal in value to one Share, subject to the provisions below. The Units shall be credited in a book entry account established for the Grantee until payment in accordance with Section 4 hereof (or forfeiture in accordance with Section 3 hereof).
2.Vesting of Units.
(a)In General.  Subject to the Grantee’s compliance with the restrictions of Section 8 hereof, or the terms of the Restrictive Covenants Agreement (as defined in Section 8) or of any separately executed covenant not to compete with the Company, as applicable:
(i)Units.  The number of Units set forth above shall vest on the Vesting Date set forth above, provided that the Grantee shall have remained in the continuous employ of the Company or a Subsidiary through such Vesting Date.
(ii)Continuous Employment.  For purposes of this Section 2, the continuous employment of the Grantee with the Company and its Subsidiaries shall not be deemed to have been interrupted, and the Grantee shall not be deemed to have ceased to be an employee of the Company and its Subsidiaries, by reason of the transfer of his or her employment among the Company and its Subsidiaries.
(b)Involuntary Termination or Termination for Good Reason.  If, prior to the Vesting Date, the Grantee’s employment with the Company or a Subsidiary is terminated (x) by the Company or a Subsidiary without Cause (as defined in the Plan) or by reason of the Grantee’s Disability (as defined in the long-term disability plan of the Company or a Subsidiary applicable to the Grantee), (y) by the Grantee for Good Reason (as defined in the Plan), or (z) as a result of the Grantee’s death, then, except as otherwise provided in paragraph (c) below and provided that, within forty-five (45) days after such termination, the Grantee (or the Grantee’s estate, beneficiary or other successor) shall have executed and delivered a release of claims in a form provided by the Company and such release of claims shall have become effective and
​

​
irrevocable in accordance with its terms, the Grantee shall become vested in a prorated portion of the Units based on the number of days of Grantee’s continuous employment with the Company or a Subsidiary during the three-year vesting period.
(c)Change in Control.  The provisions of Section 21 of the Plan shall apply in the event of a Change in Control.
3.Forfeiture of Units.
(a)Forfeiture of Unvested Award.  The Units that have not yet vested pursuant to Section 2 (and any right to unpaid Dividend Equivalents under Section 7 with respect to the Units), shall be forfeited automatically without further action or notice if (i) the Grantee ceases to be employed by the Company or a Subsidiary prior to the Vesting Date, except as otherwise provided in Section 2(b) or 2(c), or (ii) the Grantee breaches any of the restrictions of Section 8 hereof, the Restrictive Covenants Agreement or of any separately executed covenant not to compete with the Company, as applicable.
(b)Repayment of Award.  The Units shall be subject to the provisions of Section 20 of the Plan regarding forfeiture and repayment of awards in the event of (i) the Grantee engaging in Detrimental Activity, (ii) the Grantee’s breach of any of the restrictions of Section 8 hereof, the Restrictive Covenants Agreement (as defined herein) or of any separately executed covenant not to compete with the Company, as applicable, or (iii) as provided pursuant to the Company’s Compensation Recovery Policy.  Clause (ii) of the immediately preceding sentence shall be construed as a return of consideration due to the Grantee’s violation of his or her promises under Section 8 of this Agreement, the Restrictive Covenants Agreement or any separately executed covenant not to compete with the Company, as applicable, and not as a liquidated damages clause.  Nothing contained herein shall eliminate, reduce or compromise (x) the Company’s right to assert that the restrictions provided for in Section 8 of this Agreement, the Restrictive Covenants Agreement or any separately executed covenant not to compete with the Company, as applicable, are fully enforceable as written, or as modified by a court of competent jurisdiction as provided therein, (y) the application of temporary or permanent injunctive relief as a fully appropriate and applicable remedy to enforce the restrictions as provided therein, or (z) the Company’s right to pursue other remedies at law or in equity.  This Section 3(b) shall survive and continue in full force in accordance with its terms and the terms of the Plan notwithstanding any termination of the Grantee’s employment or the payment of the Units as provided herein.
4.Payment of Vested Units.  Except as otherwise provided in Section 14 of this Agreement, the Company shall deliver to the Grantee the Shares underlying the vested Units (if any) within thirty (30) days following the Vesting Date (or within thirty (30) days following such earlier date as the Units become vested pursuant to this Agreement).  Notwithstanding anything in this Agreement to the contrary, the Company, in its sole discretion, may elect to settle all or any portion of the vested Units in cash, in which case the amount of cash payable shall equal the product of (a) the number of Shares otherwise deliverable under this Agreement, and (b) the lesser of (i) the Fair Market Value per Share on the trading day immediately preceding the payment date, or (ii) two times the Fair Market Value per Share as of the Date of Grant.
5.Transferability.  The Units may not be transferred, assigned, pledged or hypothecated in any manner, or be subject to execution, attachment or similar process, by operation of law or otherwise, unless otherwise provided under the Plan. Any purported transfer or encumbrance in violation of the provisions of this Section 5 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Units.
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6.Dividend, Voting and Other Rights.  The Grantee shall not possess any incidents of ownership (including, without limitation, dividend and voting rights) in the Shares underlying the Units until such Shares have been delivered to the Grantee in accordance with Section 4 hereof. The obligations of the Company under this Agreement will be merely that of an unfunded and unsecured promise of the Company to deliver Shares in the future, subject to the terms and conditions of this Agreement and the Plan, and the rights of the Grantee will be no greater than that of an unsecured general creditor. No assets of the Company will be held or set aside as security for the obligations of the Company under this Agreement.
7.Payment of Dividend Equivalents.  Upon payment of a vested Unit, the Grantee shall be entitled to a cash payment (without interest) equal to the aggregate cash dividends declared and payable with respect to one (1) Share for each record date, if any, that occurs during the period beginning on the Date of Grant and ending on the date the vested Unit is paid (the “Dividend Equivalent”).  The Dividend Equivalents shall be forfeited to the extent that the underlying Unit is forfeited and shall be paid to the Grantee, if at all, at the same time that the related vested Unit is paid to the Grantee in accordance with Section 4.
8.Non-Solicitation; Confidentiality; Ownership of Work Product.  In the event that the Grantee is a party to one or more separately executed agreements with the Company, the terms of which restrict (w) the Grantee’s ability to solicit customers of the Company, (x) the Grantee’s ability to solicit employees of the Company, (y) the Grantee’s ability to use or disclose confidential information or trade secrets of the Company, or (z) the ownership of works (collectively, the “Restrictive Covenants Agreement”), then the terms of such applicable restriction or restrictions in the Restrictive Covenants Agreement shall govern in lieu of the corresponding restriction or restrictions set forth in this Section 8, respectively.  In consideration of, and as a condition to, the Grantee’s employment by the Company, the grant of the Units, a portion of the compensation and other benefits to be paid to the Grantee during such employment, the potential disclosure to the Grantee of Confidential Information (as hereinafter defined) in connection with such employment and other good and valuable consideration, the Grantee and the Company agree as follows:
8.1Non-solicitation of or provision of competitive activities or services to Customers.   During the Restricted Period, subject to (e) below, the Grantee hereby covenants and agrees that the Grantee shall not (either directly or indirectly, individually, on behalf of or in concert with others, or as an owner, a shareholder, partner, director, officer, employee, agent, or advisor of any business or entity) undertake or engage in any of the following activities without the prior written consent of the Company:
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(a)Solicit (or assist in soliciting), provide, or offer to provide activities or services that are competitive with the Business of the Company to any customer (past or current) or actively sought prospective customer (or any owner, shareholder, partner, employee, agent or advisor of any past, current or prospective customer) with whom the Grantee had material contact at any time during the Grantee’s employment with the Company; and/or
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(b)Ask, suggest, intimate or imply to any customer (past or current) or actively sought prospective customer of the Company with whom Grantee had any material contact during the Grantee’s employment with the Company, that such customer consider placing or moving an order for services that are competitive with the Business of the Company, or all or any portion of such customer’s business relating to services that are competitive with the Business of the Company, to any other supplier or service provider that provides services that are competitive with the Business of the Company;
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(c) Solicit, induce or attempt to induce any customer, supplier, distributor, franchisee, licensee, or other individual or entity with whom Grantee had any material contact during the Grantee’s employment with the Company that has any business relationship with the Company or any of its affiliates
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to cease doing business with the Company or any of its affiliates, or in any way interfere with the relationship between any such customer, supplier, distributor, franchisee, licensee, or any other individual or entity and the Company or any of its affiliates; and/or
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(d) Disparage, criticize, derogate, denigrate, or deprecate the Company or any of its products services or employees to any past, current or prospective customer of the Company; provided, however,
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(e) If the Company does not provide Grantee with a Severance Payment, then the Grantee may undertake the activities described in Sections 8.1 (a) and (b) on behalf of himself/herself or a competing business or entity provided that such activities relate to projects, bids, or jobs that are not related (directly or indirectly) to past or existing projects, bids, jobs, or opportunities for which, on behalf of the Company, Grantee performed services, worked on, was involved with, or about which Grantee had access to confidential information.
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Nothing in this Agreement shall be construed to prohibit the conduct described in Section 8.1 by Grantee on behalf of and for the benefit of the Company during the term of Grantee’s employment by the Company.
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8.2Non-solicitation of Employees.   During the Restricted Period the Grantee hereby covenants and agrees that the Grantee shall not (either directly or indirectly, individually, on behalf of or in concert with others, or as an owner, shareholder, partner, director, officer, employee, agent, or advisor of any business or entity) solicit, recruit, induce, entice, endeavor or assist in any effort to cause any person employed by the Company to end such person’s employment with the Company (whether or not such person would commit a breach of contract by accepting such other employment).
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8.3Tolling.  In the event that a court of competent jurisdiction determines that Grantee has violated, or is in violation of, Grantee’s obligations under Section 8, the Restricted Period shall be deemed tolled for an amount of time equal to the amount of time a court finds that Grantee was or acted in violation of this section.  Moreover, in the event the enforceability of any of the terms of Section 8 shall be challenged in court and as a result, Grantee is not enjoined from breaching any of this Section 7, and a court of competent jurisdiction (including appellate courts) subsequently finds that the challenged covenant is enforceable and orders compliance with the covenant, the Restricted Period shall be deemed tolled for an amount of time equal to the time from entry of an order finding that the covenant is not enforceable through such time as Grantee is ordered by a court to comply with the covenant.
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8.4“Restricted Period.” For purposes of this Section 8, if the Grantee terminates his or her employment with the Company for any reason other than Good Reason, or if the Company terminates Grantee’s employment with the Company for Cause, both as defined in the Plan, the term Restricted Period means the duration of the Grantee’s employment with the Company and a period of one (1) year following the last date that the Grantee is employed by the Company.  If the Company terminates Grantee’s employment without Cause or the Grantee terminates his or her employment with the Company for Good Reason, then the term Restricted Period means the duration of the Grantee’s employment with the Company and a period of time equal to the Grantee’s employment with the Company, but in any event not to exceed six (6) months, following the last date that the Grantee is employed by the Company.
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8.5“Severance Payment” for purposes of this Section 8,  means the payment, if any, provided by the Company to the Grantee as part of an agreement regarding the termination of the employer-employee relationship which provides or a severance payment, or other compensation, as the result of termination of employment.
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8.6Trade Secrets.
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(a) The Grantee shall hold in confidence all Trade Secrets of the Company and/or its customers (the “Associated Companies”) that have or will come into the Grantee’s knowledge or possession during the Grantee’s employment by the Company and shall not disclose, publish or make use of such Trade Secrets at any time without the prior written consent of the Company for so long as the Trade Secret remains a trade secret.
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(b) Notice of Immunity under Defend Trade Secrets Act. Grantee is hereby notified that the following immunities exist under the U.S. Defend Trade Secrets Act of 2016: (1) An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; and (2) An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.
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8.7Confidential Information.   The Grantee shall hold in confidence all Confidential Information of the Company or of the Associated Companies that have or will come into the Grantee’s knowledge or possession during the Grantee’s employment by the Company and shall not disclose, publish or make use of such Confidential Information without the prior written consent of the Company for so long as the Confidential Information remains confidential.
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8.8Return of Company Property.   Upon the request of the Company or, in any event with or without a request upon the termination of the Grantee’s employment with the Company, the Grantee shall deliver to the Company all memoranda, notes, records, manuals or other documents (including, but not limited to, written instruments, voice or data recordings, or computer tapes, disks or files of any nature), including all copies of such materials and all documentation prepared or produced in connection therewith, pertaining to the performance of the Grantee’s services for the Company, the Business of the Company or of the Associated Companies, or containing Trade Secrets or Confidential Information of the Company or pertaining to the Company’s Business or the Associated Companies’ business, whether made or compiled by the Grantee or furnished to the Grantee.   Upon the request of the Company and, in any event, upon the termination of the Grantee’s employment with the Company, the Grantee shall also deliver to the Company all computers, credit cards, telephones, office equipment, software, and other property the Company furnished to or in the possession of the Grantee.
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8.9Interpretation.   The restrictions stated in this Section 8 are in addition to and not in lieu of protections afforded to trade secrets and confidential information under applicable law.   Nothing in this Agreement is intended to or shall be interpreted as diminishing or otherwise limiting the Company’s right under applicable law to protect its trade secrets and confidential information.
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8.10“Trade Secret” means information without regard to form, including but not limited to any technical or nontechnical data, formula, pattern, compilation, program, device, method, technique drawing, process, financial data, financial plan, product plan, list of actual or potential customers or suppliers or other information similar to any of the foregoing, which (a) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can derive economic value from its disclosure or use, and (b) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
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8.11“Confidential Information” means any data or information, other than Trade Secrets, that is valuable to the Company (and/or its customers) and not generally known to the public or to competitors of the Company.
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8.12The Company shall own all Work Product.  “Work Product” means all intellectual property rights including all Trade Secrets, registered and unregistered copyrights under U.S. and international law, copyrightable material or works, patents, patentable inventions, discoveries and improvements, and other intellectual property rights, in any technology software, data files documentation, or other work product or material that relates to the business and/or  interests of the Company and that the Employee conceives, develops, creates or delivers (whether individually or working with others) to the Company at any time during the Employee’s employment with the Company. All Work Product shall be considered work made for hire by the Grantee and owned by the Company.   The Grantee hereby irrevocably relinquishes for the benefit of the Company and its assigns any moral rights in and to the Work Product recognized by applicable law.
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8.13If any of the Work Product may not, by operation of law, be considered work made for hire by the Grantee for the Company, or if ownership of all right, title, and interest in and to the intellectual property rights therein shall not otherwise vest exclusively in the Company, the Grantee hereby agrees to assign, and upon creation thereof automatically assigns, without further consideration, the ownership of all Trade Secrets, registered and unregistered copyrights under United States and international law, copyrightable material or works, patents, patentable inventions: and other intellectual property rights therein to the Company, its successors and assigns.
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8.14The Company, its successors and assigns, shall have the right to obtain and hold in its or their own name copyright registrations, trademark registrations, patents and any other protection available in the foregoing.
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8.15The Grantee agrees to perform, upon the reasonable request of the Company, during or after employment such further acts as may be necessary or desirable to transfer, perfect, and defend the Company’s ownership of the Work Product, including but not limited to: (a) executing, acknowledging, and delivering any requested affidavits and documents of assignment and conveyance; (b) assisting in the preparation, prosecution, procurement, maintenance and enforcement of all copyrights and, if applicable, patents with respect to the Work Product in any countries; (c) providing testimony in connection with any proceeding affecting the right, title, or interest of the Company in any Work Product; and (d) performing any other acts deemed necessary or desirable to carry out the purposes of this Agreement.   The Company shall reimburse any reasonable out-of-pocket expenses incurred by the Grantee at the Company’s request in connection with the foregoing, including (unless the Grantee is otherwise being compensated at the time) a reasonable and pre-agreed per diem or hourly fee for services rendered following termination of the Grantee’s employment.
8.16Miscellaneous.
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(i)The Grantee acknowledges that the restrictions, prohibitions and other provisions in Section 8 are reasonable, fair and equitable in scope, terms and duration, and are necessary to protect the legitimate business interests of the Company.  The terms and provisions of Section 8 are intended to be separate and divisible provisions and if, for any reason, any one or more of them is held to be invalid or unenforceable, neither the validity nor the enforceability of any other provision of this Agreement shall thereby be affected.  It is the intention of the parties to this Agreement that the potential restrictions on the Grantee imposed by Section 8 be reasonable in scope and in all other respects.  If for any reason any court of competent jurisdiction shall find any provisions of Section 8 unreasonable in scope or otherwise, the
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Grantee and the Company agree that the restrictions and prohibitions contained herein may be modified by a court of competent jurisdiction and shall be effective to the fullest extent allowed under Applicable Law in such jurisdiction.  The Grantee agrees to disclose the existence of this Agreement to any subsequent employer.
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(ii)The Grantee hereby agrees that any remedy at law for any breach or threatened breach of the provisions of Section 8 will be inadequate and that the Company will be entitled to injunctive relief in addition to any other remedy the Company might have under this Agreement.  The Grantee hereby expressly acknowledges that the harm which might result to the Company’s business as a result of any noncompliance by the Grantee with the provisions of this Section 8 would be largely irreparable.  The parties agree that if the Company pursues legal action to enforce the terms and conditions of this Section 8 and obtains all or part of the relief sought, the Grantee shall be responsible for the reasonable attorney’s fees and costs of the Company in bringing such action.
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(iii)Notwithstanding any other provision of this Agreement or the Plan, the rights and obligations of the parties hereto, and any claims or disputes relating to this Section 8 shall be governed by and construed in accordance with the laws of the State of Georgia without giving effect to the principles of conflict of laws thereof.  Each party agrees that any action arising out of or relating to this Section 8 shall be brought in the Superior Court of Dekalb County, Georgia or the United States District Court for the Northern District of Georgia, or if the action is brought by the Company and if Grantee resides in Georgia, the Superior Court of the Georgia county in which Grantee resides in Georgia if so required by law, and accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of those courts, and irrevocably waives any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the bringing of any action in those jurisdictions.
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(iv)For purposes of this Section 8, the term “Company” shall be deemed to include Williams Industrial Services Group Inc., its Subsidiaries and affiliates, and all of their respective successors and assigns.
9.No Employment Contract.  Nothing contained in this Agreement shall confer upon the Grantee any right with respect to continuance of employment by the Company and its Subsidiaries, nor limit or affect in any manner the right of the Company and its Subsidiaries to terminate the employment or adjust the compensation of the Grantee, in each case with or without Cause.
10.Relation to Other Benefits.  Any economic or other benefit to the Grantee under this Agreement or the Plan shall not be taken into account in determining any benefits to which the Grantee may be entitled under any profit-sharing, retirement or other benefit or compensation plan maintained by the Company or a Subsidiary and shall not affect the amount of any life insurance coverage available to any beneficiary under any life insurance plan covering employees of the Company or a Subsidiary.
11.Taxes and Withholding.  The Grantee is responsible for any federal, state, local or other taxes with respect to the Units and the Dividend Equivalents.  The Company does not guarantee any particular tax treatment or results in connection with the grant or vesting of the Units, the delivery of Shares or cash or the payment of Dividend Equivalents.  To the extent the Company or any Subsidiary is required to withhold any federal, state, local, foreign or other taxes in connection with the delivery of Shares or cash under this Agreement, then, except as otherwise provided below, the Company or Subsidiary (as applicable) shall retain a number of Shares (or an amount of cash) otherwise deliverable hereunder with a value equal to the required withholding (based on the Fair Market Value of the Shares on the date of delivery); provided that in no event shall the value of the Shares retained exceed the minimum amount of taxes required to be withheld or such other amount that will not result in a negative accounting impact. If the Company or any
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Subsidiary is required to withhold any federal, state, local or other taxes at any time other than upon delivery of the Shares under this Agreement, then the Company or Subsidiary (as applicable) shall have the right in its sole discretion to (a) require the Grantee to pay or provide for payment of the required tax withholding, or (b) deduct the required tax withholding from any amount of salary, bonus, incentive compensation or other amounts otherwise payable in cash to the Grantee (other than deferred compensation subject to Section 409A of the Code).   If the Company or any Subsidiary is required to withhold any federal, state, local or other taxes with respect to Dividend Equivalents, then the Company or Subsidiary (as applicable) shall have the right in its sole discretion to reduce the cash payment related to the Dividend Equivalent by the applicable tax withholding.
12.Adjustments.  The number and kind of shares of stock deliverable pursuant to the Units are subject to adjustment as provided in Section 16 of the Plan.
13.Compliance with Law.  The Company shall make reasonable efforts to comply with all applicable federal and state securities laws and listing requirements with respect to the Units; provided that, notwithstanding any other provision of this Agreement, and only to the extent permitted under Section 409A of the Code, the Company shall not be obligated to deliver any Shares pursuant to this Agreement if the delivery thereof would result in a violation of any such law or listing requirement.
14.Section 409A of the Code.  It is intended that the Units and any Dividend Equivalents provided pursuant to this Agreement shall be exempt from, or comply with, the requirements of Section 409A of the Code, and this Agreement shall be interpreted, administered and governed in accordance with such intent.  To the extent necessary to give effect to such intent, the Grantee’s termination of employment shall mean, for purposes of this Agreement, the Grantee’s “separation from service” within the meaning of Section 409A of the Code.  In particular, it is intended that the Units and any Dividend Equivalents shall be exempt from Section 409A of the Code, to the maximum extent possible, pursuant to the “short-term deferral” exception thereto.  However, to the extent that the Units or any Dividend Equivalents constitute a deferral of compensation subject to the requirements of Section 409A of the Code (for example, because the Grantee’s governing employment agreement defines “Good Reason” in a manner such that the Grantee’s termination of employment for Good Reason would not be treated as an involuntary separation from service for purposes of Section 409A of the Code), then the following rules shall apply, notwithstanding any other provision of this Agreement to the contrary:
(a)  The Company will deliver the Shares underlying any Units that become vested in accordance with Section 2(b) or 2(c) of this Agreement and pay any Dividend Equivalents with respect to those vested Units within thirty (30) days after the first to occur of (i) the Vesting Date; (ii) the occurrence of a Change in Control that is also a “change in the ownership,” a “change in the effective control,” or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A of the Code; or (iii) the Grantee’s “separation from service” within the meaning of Section 409A of the Code; and
(b)If the Units (and any related Dividend Equivalents) become payable as a result of the Grantee’s separation from service (other than as a result of the Grantee’s death) and the Grantee is a “specified employee” at that time within the meaning of Section 409A of the Code (as determined pursuant to the Company’s policy for identifying specified employees), the Company will deliver the Shares underlying the vested Units and pay any related Dividend Equivalents to the Grantee on the first business day that is at least six months after the date of the Grantee’s separation from service (or upon the Grantee’s death if the Grantee dies before the end of that six-month period).
15.Amendments.  Subject to the terms of the Plan, the Compensation Committee of the Board (the “Committee”) may modify this Agreement upon written notice to the Grantee. Any amendment to the
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Plan shall be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto.  Notwithstanding the foregoing, no amendment of the Plan or this Agreement shall adversely affect in a material way the rights of the Grantee under this Agreement without the Grantee’s consent unless the Committee determines, in good faith, that such amendment is required for the Agreement to either be exempt from the application of, or comply with, the requirements of Section 409A of the Code, or as otherwise may be provided in the Plan.
16.Severability.  In the event that one or more of the provisions of this Agreement shall be invalidated for any reason by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and the remaining provisions hereof shall continue to be valid and fully enforceable.
17.Relation to Plan.  This Agreement is subject to the terms and conditions of the Plan. Except with respect to the provisions of the Restrictive Covenants Agreement and of any separately executed covenant not to compete with the Company expressly referenced herein, this Agreement and the Plan contain the entire agreement and understanding of the parties with respect to the subject matter contained in this Agreement, and supersede all prior written or oral communications, representations and negotiations in respect thereto. Except as otherwise provided in Section 8 hereof, in the event of any inconsistency between the provisions of this Agreement and the Plan, the Plan shall govern.  The Committee acting pursuant to the Plan, as constituted from time to time, shall, except as expressly provided otherwise herein, have the right to determine any questions that arise in connection with the grant of the Units.
18.Successors and Assigns.  Without limiting Section 5, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Grantee, and the successors and assigns of the Company.
19.Governing Law.  Except as otherwise provided in Section 8 hereof, the interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof.
20.Use of Grantee’s Information.  Information about the Grantee and the Grantee’s participation in the Plan may be collected, recorded and held, used and disclosed for any purpose related to the administration of the Plan. The Grantee understands that such processing of this information may need to be carried out by the Company and its Subsidiaries and by third-party administrators whether such persons are located within the Grantee’s country or elsewhere, including the United States of America. The Grantee consents to the processing of information relating to the Grantee and the Grantee’s participation in the Plan in any one or more of the ways referred to above.
21.Electronic Delivery.  The Grantee hereby consents and agrees to electronic delivery of any documents that the Company may elect to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and quarterly reports, and all other forms of communications) in connection with this and any other award made or offered under the Plan. The Grantee understands that, unless earlier revoked by the Grantee by giving written notice to the Director of Financial Reporting of the Company, this consent shall be effective for the duration of the Agreement. The Grantee also understands that he or she shall have the right at any time to request that the Company deliver written copies of any and all materials referred to above at no charge. The Grantee hereby consents to any and all procedures the Company has established or may establish for an electronic signature system for delivery and acceptance of any such documents that the Company may elect to deliver, and agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her manual signature. The Grantee consents and agrees that any such procedures and
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delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan.
22.No Fractional Shares.  Fractional Shares or units will be subject to rounding conventions adopted by the Company from time to time; provided that in no event will the total shares issued exceed the total units granted under this award.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Date of Grant.
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	WILLIAMS INDUSTRIAL SERVICES GROUP INC.

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	By:
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	Name:
	Tracy D. Pagliara

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	Title:
	President and Chief Executive Officer

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By executing this Agreement, you acknowledge that a copy of the Plan, Plan Summary and Prospectus, and the Company's most recent Annual Report and Proxy Statement (the “Prospectus Information”) either have been received by you or are available for viewing on the Company's intranet site, and you consent to receiving this Prospectus Information electronically, or, in the alternative, agree to contact Korey Daniel, CPA, Director of Financial Reporting, at 770.879.4405, to request a paper copy of the Prospectus Information at no charge.
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	GRANTEE

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