Document:

exv10w13

Exhibit 10.13

AMERESCO, INC.

EMPLOYMENT AGREEMENT

     THIS
EMPLOYMENT AGREEMENT (the “Agreement”) made as of the ___ day of ___, 2010, is
entered into by Ameresco, Inc., a Delaware corporation (the “Company”), and                      (the
“Employee”).

     In consideration of the mutual covenants and promises contained in this Agreement, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by
the parties to this Agreement, the parties agree as follows:

     1. Effective Date. This Agreement shall become effective upon the closing of the
Company’s initial underwritten public offering of common stock pursuant to a registration statement
under the Securities Act of 1933 pursuant to which the Employee sells shares of common stock of the
Company (a “Qualifying IPO”) and shall be of no force or effect prior to any such closing. If
there is no closing of a Qualifying IPO prior to December 31, 2010, this Agreement shall terminate
and be null and void.

     2. Term of Employment. The Company hereby agrees to employ the Employee, and the
Employee hereby accepts employment with the Company, upon the terms set forth in this Agreement,
for the period commencing on the Effective Date and ending [three (3)] years thereafter (such
period, as it may be extended, the “Employment Period”), unless sooner terminated in accordance
with the provisions of Section 4.

     3. Position.
The Employee shall serve as ___ or in such other reasonably comparable
position as the Company or its Board of Directors (the “Board”) may determine from time to time.
The Employee shall be subject to the supervision of, and shall have such authority as is delegated
to the Employee by, the Board or the Company’s Chief Executive Officer (“CEO”).

     The Employee hereby accepts such employment and agrees to undertake the duties and
responsibilities inherent in such position and such other duties and responsibilities as the Board
or its designee shall from time to time reasonably assign to the Employee. The Employee agrees to
devote his or her entire business time, attention and energies to the business and interests of the
Company during the Employment Period. The Employee agrees to abide by the rules, regulations,
instructions, personnel practices and policies of the Company and any changes therein which may be
adopted from time to time by the Company.

     4. Compensation and Benefits.

          4.1 Salary. The Company shall pay the Employee, in periodic installments in
accordance with the Company’s customary payroll practices, a
base salary at a rate of
$         per
annum. Such salary shall be subject to increase but not decrease as determined by the Board or the
CEO, provided that such salary may be decreased proportionately with any decrease that is
concurrently implemented for all employees of the Company in comparable positions as part of a
Company cost reduction program.

 

 

          4.2 Bonus. The Employee shall be eligible to participate in any annual bonus plan
established by the Company for employees in comparable positions.

          4.3 Fringe Benefits. The Employee shall be entitled to participate in all bonus and
benefit programs that the Company establishes and makes available to its employees, if any, to the
extent that Employee’s position, tenure, salary, age, health and other qualifications make him or
her eligible to participate. The Employee shall be entitled to
___ weeks paid vacation per year,
to be taken at such times as may be approved by the Board or the CEO.

          4.4 Reimbursement of Expenses. The Company shall reimburse the Employee for all
reasonable travel, entertainment and other expenses incurred or paid by the Employee in connection
with, or related to, the performance of his or her duties, responsibilities or services under this
Agreement, in accordance with policies and procedures, and subject to limitations, adopted by the
Company from time to time, and in accordance with the terms set forth on Exhibit B.

          4.5 Withholding. All salary, bonus and other compensation payable to the Employee
shall be subject to applicable withholding taxes.

     5. Termination of Employment Period. The employment of the Employee by the Company
pursuant to this Agreement shall terminate upon the occurrence of any of the following:

          5.1 Expiration of the Employment Period.

          5.2 At the election of the Company, for Cause (as defined on Exhibit A), immediately
upon written notice by the Company to the Employee, which notice shall identify the Cause upon
which the termination is based.

          5.3 At the election of either party, upon not less than two weeks’ prior written notice of
termination.

          5.4 Upon or following the occurrence of an Acquisition Event (as defined on Exhibit
A), at the election of the Employee for Good Reason (as defined on Exhibit A), upon at
least 30 days’ prior written notice to the Company identifying the Good Reason upon which the
termination is based, provided that the Company does not cure the basis for such Good
Reason within such 30-day period.

          5.5 Upon the death or disability of the Employee. As used in this Agreement, the term
“disability” shall mean the inability of the Employee, due to a physical or mental disability, for
a period of 90 days, whether or not consecutive, during any 360-day period to perform the services
contemplated under this Agreement, with or without reasonable accommodation as that term is defined
under state or federal law. A determination of disability shall be made by a physician
satisfactory to both the Employee and the Company, provided that if the Employee
and the Company do not agree on a physician, the Employee and the Company

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shall each select a
physician and these two together shall select a third physician, whose determination as to
disability shall be binding on all parties.

     6. Effect of Termination; Acquisition Event.

          6.1 At-Will Employment. If the Employment Period expires pursuant to Section 2
hereof, then, unless the Company notifies the Employee to the contrary, the Employee shall continue
his or her employment on an at-will basis following the expiration of the Employment Period. Such
at-will employment relationship may be terminated by either party at any time and shall not be
governed by the terms of this Agreement (except for Section 7 hereof).

          6.2 Payments Upon Termination. In the event the Employee’s employment is terminated
pursuant to Section 5, the Company shall pay to the Employee the compensation and benefits
otherwise payable to him or her under Section 4 through the last day of his or her actual
employment by the Company, together with the payments described in Sections 6.2(a) or (b), as
applicable.

          (a) If, prior to the occurrence of an Acquisition Event, the Company terminates the employment
of the Employee without Cause, the Company shall pay to the Employee, in equal bi-weekly
installments, a severance amount equal to one year’s annual base salary as of the time of such
termination, commencing on the first payroll period following the date the Release (as defined
below) becomes effective.

          (b) If, upon or following the occurrence of an Acquisition Event, the Company terminates the
employment of the Employee without Cause or the Employee terminates his or her employment for Good
Reason, the Company shall pay to the Employee, in equal bi-weekly installments, a severance amount
equal to one year’s annual base salary as of the time of termination, commencing on the first
payroll period following the date the Release becomes effective.

          6.3 Other. The payment to the Employee of the amounts payable under Sections 6.2(a)
or (b) shall be contingent upon the execution and non-revocation by the Employee of a release in a
form reasonably acceptable to the Company (the “Release”) within 60 days following the date of
termination and (ii) shall be subject to the terms and conditions set forth on Exhibit B.
Notwithstanding the foregoing, if the 60th day following the date of termination occurs
in the calendar year following the Employee’s termination, then the payments described under
Sections 6.2(a) or (b) shall commence no earlier than January 1 of such subsequent calendar year.

          6.4 Survival. The provisions of Section 7 shall survive the termination of this
Agreement.

     7. Non-Competition and Non-Solicitation.

     (a) Subject to Section 7(c) below, Employee agrees that he or she shall not during the
Employment Period and shall not during the Non-Compete Period (as defined below) after the

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termination or expiration of the Employment Period, either directly or indirectly on his or her own
behalf or in association with or on behalf of others:

          (i) engage in any business or enterprise (whether as owner, partner, officer, director,
employee, consultant, investor, lender or otherwise, except as the holder of not more
than 1% of the outstanding stock of a publicly-held company) that is competitive with the
Company’s business, including but not limited to any business or enterprise that develops,
manufactures, markets, or sells any product or renders any service that competes with any product
or service developed, manufactured, marketed, sold or rendered, or planned to be developed,
manufactured, marketed, sold or rendered by the Company or any of its subsidiaries while Employee
was employed by the Company; or

          (ii) directly or indirectly, solicit, entice or induce any employee of the Company to leave
the employ of the Company or solicit, entice or induce for employment (whether as an advisor,
consultant, independent contractor or otherwise) any person who was an employee of the Company at
the time of the termination or cessation of Employee’s employment with the Company.

     (b) “Non-Compete Period” means the period commencing upon the termination or cessation of
Employee’s employment with the Company and ending on the later of (i) six months after such
termination or cessation of employment and (ii) three (3) years after the closing of the Company’s
initial underwritten public offering of common stock pursuant to an effective registration
statement under the Securities Act of 1933 (an “IPO”).

     (c) Notwithstanding anything to the contrary herein, Employee shall be bound by the provisions
of Section 7(a) following the termination or cessation of employment only if Employee’s termination
or cessation of employment is voluntary without Good Reason or involuntary for Cause.

     (d) The geographic scope of this Section 7 shall extend worldwide to anywhere the Company or
any of its subsidiaries: (i) is doing business at the time of termination or cessation of
employment; (ii) has done business during the six (6) months prior to the time of termination or
cessation of employment; or (iii) has plans to do business as published in any Company business
plan at the time of termination or cessation of employment.

     (e) Employee agrees that the restrictions in this Agreement are necessary for the protection
of the business and goodwill of the Company. Employee further agrees that it would be impossible
or inadequate to measure and calculate the Company’s damages from any breach of the covenants set
forth in Section 7 of this Agreement. Accordingly, Employee agrees that if Employee breaches any
of such covenants, the Company will have available, in addition to any other right or remedy
available, the right to obtain an injunction from a court of competent jurisdiction restraining
such breach or threatened breach and to specific performance of any such provision of this
Agreement. Employee further agrees that no bond or other security shall be required in obtaining
such equitable relief and Employee consents to the issuance of such injunction and to the ordering
of specific performance.

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     (f) Employee acknowledges that the type and periods of restriction imposed in Section 7 of
this Agreement are fair and reasonable and are reasonably required for the protection of the
Company and the goodwill associated with the business of the Company. If one or more of the
provisions contained in this Agreement shall for any reason be held to be excessively broad as to
scope, time, activity or subject so as to be unenforceable at law, Employee agrees that such
provision or provisions should be interpreted by the appropriate
 judicial body by limiting and reducing it or them, for such provision or provisions to be
enforceable to the maximum extent allowed under applicable law.

     8. Miscellaneous.

          8.1 Notices. All notices, consents, waivers, and other communications under this
Agreement must be in writing and will be deemed to have been duly given when (a) delivered by hand,
(b) sent by facsimile (with written confirmation of receipt), or (c) when received by the
addressee, if sent by a nationally recognized overnight delivery service (receipt requested), in
each case to the appropriate addresses and facsimile numbers set forth on the signature page of
this Agreement (or to such other addresses and facsimile numbers as a party may designate by notice
to the other party).

          8.2 Pronouns. Whenever the context may require, any pronouns used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the singular forms of
nouns and pronouns shall include the plural, and vice versa.

          8.3 Entire Agreement. This Agreement constitutes the entire agreement between the
parties and supersedes all prior agreements and understandings, whether written or oral, relating
to the subject matter of this Agreement, provided, however, that this Agreement
does not supercede any Confidential Information, Invention, Non-Solicitation and Non-Competition
Agreement, or similar agreement, between the Company (or any subsidiary) and the Employee, which
shall remain in full force and effect.

          8.4 Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and the Employee.

          8.5 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Massachusetts (without reference to the conflicts of laws
provisions thereof). Any action, suit or other legal proceeding arising under or relating to any
provision of this Agreement shall be commenced only in a court of the Commonwealth of Massachusetts
(or, if appropriate, a federal court located within Massachusetts), and the Company and the
Employee each consents to the jurisdiction of such a court. The Company and the Employee each
hereby irrevocably waive any right to a trial by jury in any action, suit or other legal proceeding
arising under or relating to any provision of this Agreement.

          8.6 Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of both parties and their respective successors and assigns, including any corporation with
which, or into which, the Company may be merged or which may succeed to

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the Company’s assets or
business, provided, however, that the obligations of the Employee are personal and shall not be
assigned by him or her.

          8.7 Waivers. No delay or omission by the Company in exercising any right under this
Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the
Company on any one occasion shall be effective only in that instance and shall not be construed as
a bar or waiver of any right on any other occasion.

          8.8 Captions. The captions of the sections of this Agreement are for convenience of
reference only and in no way define, limit or affect the scope or substance of any section of this
Agreement.

          8.9 Severability. In case any provision of this Agreement shall be invalid, illegal
or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions
shall in no way be affected or impaired thereby.

     THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND
AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set
forth above.

	 	 	 	 	 	 	 	 	 

	 	 	AMERESCO, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	Fax No.:
	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	EMPLOYEE	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Print Name of Employee	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Signature	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	Fax No.:
	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

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Exhibit A

Definitions

     “Acquisition Event” shall have the meaning set forth in the Company’s 2000 Stock
Incentive Plan, as in effect on the date of this Agreement.

     “Cause” shall mean (i) the willful and continued failure by Employee to substantially
perform his or her duties with the Company (other than any such failure resulting from his or her
incapacity due to physical or mental illness), provided that a written demand for substantial
performance has been delivered to Employee by the Company specifically identifying the manner in
which the Company believes that Employee has not substantially performed his or her duties and
Employee has not cured such failure within 30 days after such demand, or (ii) Employee has
willfully engaged in conduct which is demonstrably and materially injurious to the Company, or
(iii) Employee has materially violated any provision of this Agreement or the express significant
policies of the Company, or (iv) Employee has at any time been convicted of a felony, a crime of
moral turpitude, or fraud. For purposes of this definition, no act or failure to act on Employee’s
part shall be deemed “willful” unless done or omitted to be done by Employee not in good faith and
without reasonable belief that such action or omission was in the best interest of the Company.

     “Good Reason” shall mean that, without Employee’s written consent, the occurrence
after an Acquisition Event of any of the following circumstances unless such circumstances are
fully corrected prior to the date of termination:

     (a) any material reduction in Employee’s annual base salary as in effect on the date of this
Agreement, or as the same may be increased from time to time; or

     (b) any requirement by the Company or of any person in control of the Company that the
location at which Employee performs his or her principal duties for the Company be changed to a new
location outside a radius of 40 miles from the location at which Employee performs his or her
principal duties for the Company at the time of the Acquisition Event.

 

 

Exhibit B

Payments Subject to Section 409A

     1. Subject to this Exhibit B, any severance payments that may be due under the Agreement shall
begin only upon the date of the Employee’s “separation from service” (determined as set forth
below) which occurs on or after the termination of Employee’s employment. The following rules
shall apply with respect to distribution of the severance payments, if any, to be provided to
Employee under the Agreement, as applicable:

     (a) It is intended that each installment of the severance payments under the Agreement
provided under shall be treated as a separate “payment” for purposes of Section 409A of the
Internal Revenue Code of 1986, as amended, and the guidance issued thereunder (“Section 409A”).
Neither the Company nor Employee shall have the right to accelerate or defer the delivery of any
such payments except to the extent specifically permitted or required by Section 409A.

     (b) If, as of the date of Employee’s “separation from service” from the Company, Employee is
not a “specified employee” (within the meaning of Section 409A), then each installment of the
severance payments shall be made on the dates and terms set forth in the Agreement.

     (c) If, as of the date of Employee’s “separation from service” from the Company, Employee is a
“specified employee” (within the meaning of Section 409A), then:

          (i) Each installment of the severance payments due under the Agreement that, in accordance
with the dates and terms set forth herein, will in all circumstances, regardless of when Employee’s
separation from service occurs, be paid within the short-term deferral period (as defined under
Section 409A) shall be treated as a short-term deferral within the meaning of Treasury Regulation
Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A; and

          (ii) Each installment of the severance payments due under the Agreement that is not described
in this Exhibit B, Section 1(c)(i) and that would, absent this subsection, be paid within
the six-month period following Employee’s “separation from service” from the Company shall not be
paid until the date that is six months and one day after such separation from service (or, if
earlier, Employee’s death), with any such installments that are required to be delayed being
accumulated during the six-month period and paid in a lump sum on the date that is six months and
one day following Employee’s separation from service and any subsequent installments, if any, being
paid in accordance with the dates and terms set forth herein; provided, however, that the preceding
provisions of this sentence shall not apply to any installment of payments if and to the maximum
extent that such installment is deemed to be paid under a separation pay plan that does not provide
for a deferral of compensation by reason of the application of Treasury Regulation Section
1.409A-1(b)(9)(iii) (relating to separation pay upon an involuntary separation from service). Any
installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii)
must be paid no later than the last day of Employee’s second taxable year following the taxable
year in which the separation from service occurs.

 

 

     2. The determination of whether and when Employee’s separation from service from the Company
has occurred shall be made and in a manner consistent with, and based on the presumptions set forth
in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this Exhibit B,
Section 2, “Company” shall include all persons with whom the Company would be considered a single
employer as determined under Treasury Regulation Section 1.409A-1(h)(3).

     3. All reimbursements and in-kind benefits provided under the Agreement shall be made or
provided in accordance with the requirements of Section 409A to the extent that such reimbursements
or in-kind benefits are subject to Section 409A, including, where applicable, the requirements that
(i) any reimbursement is for expenses incurred during Employee’s lifetime (or during a shorter
period of time specified in the Agreement), (ii) the amount of expenses eligible for reimbursement
during a calendar year may not affect the expenses eligible for reimbursement in any other calendar
year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the
calendar year following the year in which the expense is incurred and (iv) the right to
reimbursement is not subject to set off or liquidation or exchange for any other benefit.

     4. The Company makes no representation or warranty and shall have no liability to Employee or
to any other person if any of the provisions of the Agreement (including this Exhibit) are
determined to constitute deferred compensation subject to Section 409A but that do not satisfy an
exemption from, or the conditions of, that section..

9exv10w15

Exhibit 10.15

Exhibit I

INDEMNIFICATION AGREEMENT

     This Agreement is made as of the [   ] day of [     ] 2010, by and between Ameresco, Inc., a
Delaware corporation (the “Corporation), and [   ] (the “Indemnitee”), a non-employee director of
the Corporation.

     WHEREAS, it is essential to the Corporation to retain and attract as directors the most
capable persons available, and

     WHEREAS, the substantial increase in corporate litigation subjects directors to expensive
litigation risks at the same time that the availability of directors’ liability insurance has been
severely limited, and

     WHEREAS, it is now and has always been the express policy of the Corporation to indemnify its
directors, and

     WHEREAS, the Indemnitee does not regard the protection available under the Corporation’s
Certificate of Incorporation and insurance as adequate in the present circumstances, and may not be
willing to serve or continue to serve as a director without additional protection, and

     WHEREAS, the Corporation desires the Indemnitee to serve, or continue to serve, as a director
of the Corporation.

     NOW THEREFORE, the Corporation and the Indemnitee do hereby agree as follows:

     1. Agreement to Serve. The Indemnitee agrees to serve or continue to serve as a
director of the Corporation for so long as the Indemnitee is duly elected or until such time as the
Indemnitee tenders a resignation in writing or becomes otherwise incapable of serving due to his or
her disability or death.

     2. Definitions. As used in this Agreement:

          (a) The term “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, alternative dispute resolution proceeding, administrative hearing or other proceeding,
whether brought by or in the right of the Corporation or otherwise and whether of a civil,
criminal, administrative or investigative nature, and any appeals therefrom.

          (b) The term “Corporate Status” shall mean the status of a person who is or was, or has agreed
to become, a director or officer of the Corporation, or is or was serving, or has agreed to serve,
at the request of the Corporation, as a director, officer, fiduciary, partner, trustee, member,
employee or agent of, or in a similar capacity with, another corporation, partnership, joint
venture, trust, limited liability company or other enterprise.

          (c) The term “Expenses” shall include, without limitation, attorneys’ fees, retainers, court
costs, transcript costs, fees and expenses of experts, travel expenses, duplicating costs, printing
and binding costs, telephone charges, postage, delivery service fees and other disbursements or
expenses of the types customarily incurred in connection with investigations,

 

 

judicial or administrative proceedings or appeals, but shall not include the amount of
judgments, fines or penalties against Indemnitee or amounts paid in settlement in connection with
such matters.

          (d) The term “Change in Control” shall mean :

               (1) any merger or consolidation in which (i) the Corporation is a constituent party or (ii) a
subsidiary of the Corporation is a constituent party and the Corporation issues shares of its
capital stock pursuant to such merger or consolidation (except, in the case of both clauses (i) and
(ii) above, any such merger or consolidation involving the Corporation or a subsidiary in which the
shares of capital stock of the Corporation outstanding immediately prior to such merger or
consolidation continue to represent, or are converted into or exchanged for shares of capital stock
that represent, immediately following such merger or consolidation, at least 51% by voting power of
the capital stock of (x) the surviving or resulting corporation or (y) if the surviving or
resulting corporation is a wholly owned subsidiary of another corporation immediately following
such merger or consolidation, of the parent corporation of such surviving or resulting
corporation);

               (2) the issuance, sale or transfer, in a single transaction or series of related transactions,
of capital stock representing at least 51% of the voting power of the outstanding capital stock of
the Corporation immediately following such transaction;

               (3) the sale of all or substantially all of the assets of the Corporation; or

               (4) a change in the composition of the Board of Directors of the Corporation (the “Board”)
that results in the Continuing Directors (as defined below) no longer constituting a majority of
the Board (or, if applicable, the Board of Directors of a successor corporation to the
Corporation), where the term “Continuing Director” means at any date a member of the Board (x) who
was a member of the Board on the date of the initial adoption of the Plan by the Board or (y) who
was nominated or elected subsequent to such date by at least a majority of the directors who were
Continuing Directors at the time of such nomination or election or whose election to the Board was
recommended or endorsed by at least a majority of the directors who were Continuing Directors at
the time of such nomination or election; provided, however, that there shall be excluded from this
clause (y) any individual whose initial assumption of office occurred as a result of an actual or
threatened election contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents, by or on behalf of a person other than the Board.

          (e) The term “Special Independent Counsel” shall mean a law firm, or a member of a law firm,
that is experienced in matters of corporation law and neither currently is, nor in the past five
years has been, retained to represent: (i) the Corporation or the Indemnitee in any matter
material to either such party or (ii) any other party to the Proceeding giving rise to a claim for
indemnification hereunder. Notwithstanding the foregoing, the term “Special Independent Counsel”
shall not include any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the

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Corporation or the Indemnitee in an action to determine the Indemnitee’s rights under this
Agreement.

          (f) References to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise tax assessed with respect to any employee benefit plan; references
to “serving at the request of the Corporation” shall include any service as a director, officer,
employee or agent of the Corporation which imposes duties on, or involves services by, such
director, officer, employee, or agent with respect to an employee benefit plan, its participants,
or beneficiaries; and a person who acted in good faith and in a manner such person reasonably
believed to be in the interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation” as
referred to in this Agreement.

     3. Indemnity of Indemnitee. Subject to Sections 6, 7 and 9, the Corporation shall
indemnify the Indemnitee in connection with any Proceeding as to which the Indemnitee is, was or is
threatened to be made a party (or is otherwise involved) by reason of the Indemnitee’s Corporate
Status, to the fullest extent permitted by law (as such may be amended from time to time). In
furtherance of the foregoing and without limiting the generality thereof:

          (a) Indemnification in Third-Party Proceedings. The Corporation shall indemnify the
Indemnitee in accordance with the provisions of this Section 3(a) if the Indemnitee was or is a
party to or threatened to be made a party to or otherwise involved in any Proceeding (other than a
Proceeding by or in the right of the Corporation to procure a judgment in its favor or a Proceeding
referred to in Section 6 below) by reason of the Indemnitee’s Corporate Status or by reason of any
action alleged to have been taken or omitted in connection therewith, against all Expenses,
judgments, fines, penalties and amounts paid in settlement actually and reasonably incurred by or
on behalf of the Indemnitee in connection with such Proceeding, if the Indemnitee acted in good
faith and in a manner which the Indemnitee reasonably believed to be in, or not opposed to, the
best interests of the Corporation and, with respect to any criminal Proceeding, had no reasonable
cause to believe that his or her conduct was unlawful.

          (b) Indemnification in Proceedings by or in the Right of the Corporation. The
Corporation shall indemnify the Indemnitee in accordance with the provisions of this Section 3(b)
if the Indemnitee was or is a party to or threatened to be made a party to or otherwise involved in
any Proceeding by or in the right of the Corporation to procure a judgment in its favor by reason
of the Indemnitee’s Corporate Status or by reason of any action alleged to have been taken or
omitted in connection therewith, against all Expenses and, to the extent permitted by law, amounts
paid in settlement actually and reasonably incurred by or on behalf of the Indemnitee in connection
with such Proceeding, if the Indemnitee acted in good faith and in a manner which the Indemnitee
reasonably believed to be in, or not opposed to, the best interests of the Corporation, except
that, if applicable law so provides, no indemnification shall be made under this Section 3(b) in
respect of any claim, issue, or matter as to which the Indemnitee shall have been adjudged to be
liable to the Corporation, unless, and only to the extent, that the Court of Chancery of Delaware
or the court in which such action or suit was brought shall determine upon application that,
despite the adjudication of such liability but in view of all the circumstances of the case, the
Indemnitee is fairly and reasonably entitled to indemnity for such Expenses as the Court of
Chancery or such other court shall deem proper.

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     4. Indemnification of Expenses of Successful Party. Notwithstanding any other
provision of this Agreement, to the extent that the Indemnitee has been successful, on the merits
or otherwise, in defense of any Proceeding or in defense of any claim, issue or matter therein
(other than a Proceeding referred to in Section 6), the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by or on behalf of the Indemnitee in connection
therewith. Without limiting the foregoing, if any Proceeding or any claim, issue or matter therein
is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i)
the disposition being adverse to the Indemnitee, (ii) an adjudication that the Indemnitee was
liable to the Corporation, (iii) a plea of guilty or nolo contendere by the Indemnitee, (iv) an
adjudication that the Indemnitee did not act in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Corporation, and (v) with
respect to any criminal proceeding, an adjudication that the Indemnitee had reasonable cause to
believe his or her conduct was unlawful, the Indemnitee shall be considered for the purposes hereof
to have been wholly successful with respect thereto.

     5. Indemnification for Expenses of a Witness. To the extent that the Indemnitee is,
by reason of the Indemnitee’s Corporate Status, a witness in any Proceeding to which the Indemnitee
is not a party, the Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by or on behalf of the Indemnitee in connection therewith.

     6. Exceptions to Right of Indemnification. Notwithstanding anything to the contrary
in this Agreement, except as set forth in Section 10, the Corporation shall not indemnify the
Indemnitee in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (a)
the initiation thereof was approved by the Board or (b) the Proceeding was commenced following a
Change in Control. Notwithstanding anything to the contrary in this Agreement, the Corporation
shall not indemnify the Indemnitee to the extent the Indemnitee is reimbursed from the proceeds of
insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee
and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall
promptly refund such indemnification payments to the Corporation to the extent of such insurance
reimbursement.

     7. Notification and Defense of Claim. As a condition precedent to the Indemnitee’s
right to be indemnified, the Indemnitee must notify the Corporation in writing as soon as
practicable of any Proceeding for which indemnity will or could be sought. With respect to any
Proceeding of which the Corporation is so notified, the Corporation will be entitled to participate
therein at its own expense and/or to assume the defense thereof at its own expense, with legal
counsel reasonably acceptable to the Indemnitee. After notice from the Corporation to the
Indemnitee of its election so to assume such defense, the Corporation shall not be liable to the
Indemnitee for any legal or other expenses subsequently incurred by the Indemnitee in connection
with such Proceeding, other than as provided below in this Section 7. The Indemnitee shall have
the right to employ his or her own counsel in connection with such Proceeding, but the fees and
expenses of such counsel incurred after notice from the Corporation of its assumption of the
defense thereof shall be at the expense of the Indemnitee unless (i) the employment of counsel by
the Indemnitee has been authorized by the Corporation, (ii) counsel to the Indemnitee shall have
reasonably concluded that there may be a conflict of interest or position on any significant issue
between the Corporation and the Indemnitee in the conduct of the defense of such Proceeding or
(iii) the Corporation shall not in fact have employed counsel to

4

 

assume the defense of such Proceeding, in each of which cases the fees and expenses of counsel
for the Indemnitee shall be at the expense of the Corporation, except as otherwise expressly
provided by this Agreement, and provided that Indemnitee’s counsel shall cooperate reasonably with
the Corporation’s counsel to minimize the cost of defending claims against the Corporation and the
Indemnitee. The Corporation shall not be entitled, without the consent of the Indemnitee, to
assume the defense of any claim brought by or in the right of the Corporation or as to which
counsel for the Indemnitee shall have reasonably made the conclusion provided for in clause (ii)
above. The Corporation shall not be required to indemnify the Indemnitee under this Agreement for
any amounts paid in settlement of any Proceeding effected without its written consent. The
Corporation shall not settle any Proceeding in any manner that would impose any penalty or
limitation on the Indemnitee without the Indemnitee’s written consent. Neither the Corporation nor
the Indemnitee will unreasonably withhold or delay their consent to any proposed settlement.

     8. Advancement of Expenses. In the event that the Corporation does not assume the
defense pursuant to Section 7 of any Proceeding of which the Corporation receives notice under this
Agreement, any Expenses actually and reasonably incurred by or on behalf of the Indemnitee in
defending such Proceeding shall be paid by the Corporation in advance of the final disposition of
such Proceeding; provided, however, that the payment of such Expenses incurred by or on
behalf of the Indemnitee in advance of the final disposition of such Proceeding shall be made only
upon receipt of an undertaking by or on behalf of the Indemnitee to repay all amounts so advanced
in the event that it shall ultimately be determined that the Indemnitee is not entitled to be
indemnified by the Corporation as authorized in this Agreement. Such undertaking shall be accepted
without reference to the financial ability of the Indemnitee to make repayment. Any advances and
undertakings to repay pursuant to this Section 8 shall be unsecured and interest-free.

     9. Procedures.

          (a) In order to obtain indemnification or advancement of Expenses pursuant to this Agreement,
the Indemnitee shall submit to the Corporation a written request, including in such request such
documentation and information as is reasonably available to the Indemnitee and is reasonably
necessary to determine whether and to what extent the Indemnitee is entitled to indemnification or
advancement of Expenses. Any such indemnification or advancement of Expenses shall be made
promptly, and in any event within (i) in the case of indemnification under Sections 4, 5 or 9(d) or
advancement of Expenses, 30 days after receipt by the Corporation of the written request of the
Indemnitee, or (ii) in the case of all other indemnification, 60 days after receipt by the
Corporation of the written request of the Indemnitee, unless with respect to requests under this
clause (ii) the Corporation determines, by clear and convincing evidence, within the 60-day period
referred to above that the Indemnitee did not meet the applicable standard of conduct. Such
determination, and any determination that advanced Expenses must be repaid to the Corporation,
shall be made as follows:

               (x) if a Change in Control shall have occurred, by Special Independent Counsel in a written
opinion to the Board, a copy of which shall be delivered to the Indemnitee (unless the Indemnitee
shall request that such determination be made by the Board, in which case the determination shall
be made in the manner provided below in clauses (y)(1) or (y)(2)).

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               (y) in all other cases, in the discretion of the Board, (1) by a majority vote of the
directors of the Corporation consisting of persons who are not at that time parties to the
Proceeding (“disinterested directors”), whether or not a quorum, (2) by a committee of
disinterested directors designated by a majority vote of disinterested directors, whether or not a
quorum, (3) if there are no disinterested directors, or if the disinterested directors so direct,
by independent legal counsel in a written opinion to the Board, or (4) by the stockholders of the
Corporation.

          (b) In the event that a Change in Control shall have occurred and the determination of
entitlement to indemnification is to be made by Special Independent Counsel, the Special
Independent Counsel shall be selected as provided in this Section 9(b). The Special Independent
Counsel shall be selected by the Indemnitee, unless the Indemnitee shall request that such
selection be made by the Board. The party making the determination shall give written notice to
the other party advising it of the identity of the Special Independent Counsel so selected. The
party receiving such notice may, within seven days after such written notice of selection shall
have been given, deliver to the other party a written objection to such selection. Such objection
may be asserted only on the ground that the Special Independent Counsel so selected does not meet
the requirements of “Special Independent Counsel” as defined in Section 2, and the objection shall
set forth with particularity the factual basis of such assertion. Absent a proper and timely
objection, the person so selected shall act as Special Independent Counsel. If a written objection
is made, the Special Independent Counsel so selected may not serve as Special Independent Counsel
unless and until a court has determined that such objection is without merit. If, within 20 days
after submission by the Indemnitee of a written request for indemnification, no Special Independent
Counsel shall have been selected or if selected, shall have been objected to, in accordance with
this paragraph either the Corporation or the Indemnitee may petition the Court of Chancery of the
State of Delaware or other court of competent jurisdiction for resolution of any objection which
shall have been made by the Corporation or the Indemnitee to the other’s selection of Special
Independent Counsel and/or for the appointment as Special Independent Counsel of a person selected
by the court or by such other person as the court shall designate, and the person with respect to
whom an objection is favorably resolved or the person so appointed shall act as Special Independent
Counsel. The Corporation shall pay the reasonable and necessary fees and expenses of Special
Independent Counsel incurred in connection with its acting in such capacity. The Corporation shall
pay any and all reasonable and necessary fees and expenses incident to the procedures of this
paragraph, regardless of the manner in which such Special Independent Counsel was selected or
appointed. Upon the due commencement of any judicial proceeding pursuant to Section 10 of this
Agreement, any Special Independent Counsel shall be discharged and relieved of any further
responsibility in such capacity (subject to the applicable standards of professional conduct then
prevailing).

          (c) The termination of any Proceeding by judgment, order, settlement, conviction or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the
Indemnitee did not act in good faith and in a manner that the Indemnitee reasonably believed to be
in, or not opposed to, the best interests of the Corporation, and, with respect to any criminal
Proceeding, had reasonable cause to believe that his or her conduct was unlawful.

6

 

          (d) The Indemnitee shall cooperate with the person, persons or entity making such
determination with respect to the Indemnitee’s entitlement to indemnification, including providing
to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to
the Indemnitee and reasonably necessary to such determination. Any Expenses actually and
reasonably incurred by the Indemnitee in so cooperating shall be borne by the Corporation
(irrespective of the determination as to the Indemnitee’s entitlement to indemnification) and the
Corporation hereby indemnifies the Indemnitee therefrom.

     10. Remedies. The right to indemnification or advancement of Expenses as provided by
this Agreement shall be enforceable by the Indemnitee in any court of competent jurisdiction if the
Corporation denies such request, in whole or in part, or if no disposition thereof is made within
the applicable period referred to in Section 9. Unless otherwise required by law, the burden of
proving that indemnification or advancement of Expenses is not appropriate shall be on the
Corporation. Neither the failure of the Corporation to have made a determination prior to the
commencement of such action that indemnification is proper in the circumstances because the
Indemnitee has met the applicable standard of conduct, nor an actual determination by the
Corporation that the Indemnitee has not met such applicable standard of conduct, shall be a defense
to the action or create a presumption that the Indemnitee has not met the applicable standard of
conduct. The Indemnitee’s Expenses actually and reasonably incurred in connection with
successfully establishing the Indemnitee’s right to indemnification, in whole or in part, in any
such Proceeding shall also be indemnified by the Corporation.

     11. Partial Indemnification. If the Indemnitee is entitled under any provision of
this Agreement to indemnification by the Corporation for some or a portion of the Expenses,
judgments, fines, penalties or amounts paid in settlement actually and reasonably incurred by or on
behalf of the Indemnitee in connection with any Proceeding but not, however, for the total amount
thereof, the Corporation shall nevertheless indemnify the Indemnitee for the portion of such
Expenses, judgments, fines, penalties or amounts paid in settlement to which the Indemnitee is
entitled.

     12. Subrogation. In the event of any payment under this Agreement, the Corporation
shall be subrogated to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all papers required and take all action necessary to secure such
rights, including execution of such documents as are necessary to enable the Corporation to bring
suit to enforce such rights.

     13. Term of Agreement. This Agreement shall continue until and terminate upon the
later of (a) six years after the date that the Indemnitee shall have ceased to serve as a director
or officer of the Corporation or, at the request of the Corporation, as a director, officer,
partner, trustee, member, employee or agent of another corporation, partnership, joint venture,
trust, limited liability company or other enterprise or (b) the final termination of all
Proceedings pending on the date set forth in clause (a) in respect of which the Indemnitee is
granted rights of indemnification or advancement of Expenses hereunder and of any proceeding
commenced by the Indemnitee pursuant to Section 10 of this Agreement relating thereto.

7

 

     14. Indemnification Hereunder Not Exclusive. The indemnification and advancement of
Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which the
Indemnitee may be entitled under the Corporation’s Certificate of Incorporation, the Corporation’s
By-Laws, any other agreement, any vote of stockholders or disinterested directors, the General
Corporation Law of Delaware, any other law (common or statutory), or otherwise, both as to action
in the Indemnitee’s official capacity and as to action in another capacity while holding office for
the Corporation. Nothing contained in this Agreement shall be deemed to prohibit the Corporation
from purchasing and maintaining insurance, at its expense, to protect itself or the Indemnitee
against any expense, liability or loss incurred by it or the Indemnitee in any such capacity, or
arising out of the Indemnitee’s status as such, whether or not the Indemnitee would be indemnified
against such expense, liability or loss under this Agreement; provided that the Corporation shall
not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder
if and to the extent that the Indemnitee has otherwise actually received such payment under any
insurance policy, contract, agreement or otherwise.

     15. No Special Rights. Nothing herein shall confer upon the Indemnitee any right to
continue to serve as an officer or director of the Corporation for any period of time or at any
particular rate of compensation.

     16. Savings Clause. If this Agreement or any portion thereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Corporation shall nevertheless
indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement
with respect to any Proceeding to the full extent permitted by any applicable portion of this
Agreement that shall not have been invalidated and to the fullest extent permitted by applicable
law.

     17. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall constitute the original.

     18. Successors and Assigns. This Agreement shall be binding upon the Corporation and
its successors and assigns and shall inure to the benefit of the estate, heirs, executors,
administrators and personal representatives of the Indemnitee.

     19. Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

     20. Modification and Waiver. This Agreement may be amended from time to time to
reflect changes in Delaware law or for other reasons. No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by both of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provision hereof nor shall any such waiver constitute a continuing waiver.

     21. Notices. All notices, requests, demands and other communications hereunder shall
be in writing and shall be deemed to have been given (i) when delivered by hand or (ii) if

8

 

mailed by certified or registered mail with postage prepaid, on the third day after the date
on which it is so mailed:

(a)     if to the Indemnitee, to: [  ]

(b)     if to the Corporation, to: Ameresco, Inc.

111 Speen Street

Suite 410

Framingham, MA 01701

Attn: General Counsel

Phone: (617) 526-6000

or to such other address as may have been furnished to the Indemnitee by the Corporation or to the
Corporation by the Indemnitee, as the case may be.

     22. Applicable Law. This Agreement shall be governed by, and construed and enforced
in accordance with, the laws of the State of Delaware. The Indemnitee may elect to have the right
to indemnification or reimbursement or advancement of Expenses interpreted on the basis of the
applicable law in effect at the time of the occurrence of the event or events giving rise to the
applicable Proceeding, to the extent permitted by law, or on the basis of the applicable law in
effect at the time such indemnification or reimbursement or advancement of Expenses is sought.
Such election shall be made, by a notice in writing to the Corporation, at the time indemnification
or reimbursement or advancement of Expenses is sought; provided, however, that if
no such notice is given, and if the General Corporation Law of Delaware is amended, or other
Delaware law is enacted, to permit further indemnification of the directors and officers, then the
Indemnitee shall be indemnified to the fullest extent permitted under the General Corporation Law,
as so amended, or by such other Delaware law, as so enacted.

     23. Enforcement. The Corporation expressly confirms and agrees that it has entered
into this Agreement in order to induce the Indemnitee to continue to serve as a director of the
Corporation, and acknowledges that the Indemnitee is relying upon this Agreement in continuing in
such capacity.

     24. Entire Agreement. This Agreement sets forth the entire agreement of the parties
hereto in respect of the subject matter contained herein and supercedes all prior agreements,
whether oral or written, by any officer, employee or representative of any party hereto in respect
of the subject matter contained herein; and any prior agreement of the parties hereto in respect of
the subject matter contained herein is hereby terminated and cancelled. For avoidance of doubt,
the parties confirm that the foregoing does not apply to or limit the Indemnitee’s rights under
Delaware law or the Corporation’s Certificate of Incorporation or the Corporation’s By-Laws.

     25. Consent to Suit. In the case of any dispute under or in connection with this
Agreement, the Indemnitee may only bring suit against the Corporation in the Court of Chancery of
the State of Delaware. The Indemnitee hereby consents to the exclusive jurisdiction and venue of
the courts of the State of Delaware, and the Indemnitee hereby waives any claim the Indemnitee may
have at any time as to forum non conveniens with respect to such venue. The

9

 

     26. Corporation shall have the right to institute any legal action arising out of or relating
to this Agreement in any court of competent jurisdiction. Any judgment entered against either of
the parties in any proceeding hereunder may be entered and enforced by any court of competent
jurisdiction.

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Attest:	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	INDEMNITEE:

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