Document:

Employment Agreement , dated May 1, 2002

 EXHIBIT 10.26 
  
 EMPLOYMENT AGREEMENT 
  
 This EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of May 1, 2002 (the “Effective Date”), by and between Global Power Equipment
Group Inc., a Delaware corporation (the “Company”), and James P. Wilson (the “Executive”). Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in Section 1 of this
Agreement. 
  
 WHEREAS, the Company and the Executive desire to
enter into an agreement regarding the employment by the Company of the Executive effective as of the Effective Date, which agreement shall supersede the Executive’s current Employment Agreement, dated as of August 1, 2000, among the Company (as
successor by merger to GEEG Holdings, L.L.C., a Delaware limited liability company (the “Predecessor Company”)), Braden Manufacturing, L.L.C., a Delaware limited liability company, and the Executive (the “Old Employment
Agreement”); and 
  
 WHEREAS, the Executive is entrusted with
knowledge of the particular business methods of the Company and its Subsidiaries and is trained and instructed in the particular operation methods of the Company and its Subsidiaries, and the relationship between the Company and the Executive is one
in which the Company places special trust and confidence in the Executive. 
  
 NOW, THEREFORE, in consideration of employment and in further consideration of these mutual covenants and agreements, the parties hereto, each intending to be bound, covenant and agree as follows: 
  
 1. Definitions. As used herein, the following terms shall have the
following meanings: 
  
 “Additional
Employment Term” has the meaning set forth in Section 2(d)(i) of this Agreement. 
  
 “Affiliate” means, when used with reference to a specified Person, any Person that directly or indirectly controls or is
controlled by or is under common control with the specified Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean
possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise). With respect to any Person who
is an individual, “Affiliates” shall also include, without limitation, any member of such individual’s Family Group. 
  
 “Base Salary” has the meaning set forth in Section 2(c)(i) of this Agreement. 
  
 “Benefits” has the meaning set forth in Section
2(c)(ii) of this Agreement. 

 “Board” means the Company’s Board of Directors. 
  
 “Bonus” means awards under the MIC Plan or a New
MIC Plan. 
  
 “Bonus Year” means an
annual bonus period under the MIC Plan or a New MIC Plan. 
  
 “Businesses” has the meaning set forth in Section 5(a) of this Agreement. 
  
 “Cause” means the occurrence of any one of the following as determined by the Board: (i) a material breach of the
Executive’s covenants under Section 4 or Section 5 of this Agreement; (ii) the commission by the Executive of a felony, or any crime involving theft, dishonesty or moral turpitude; (iii) the commission by the Executive of act(s) or omission(s)
which are willful and deliberate acts intended to harm or injure the business, operations, financial condition or reputation of the Company or any Affiliate of the Company; (iv) the Executive’s disregard of the directives of the Board; (v) the
Executive’s drunkenness or use of drugs which interferes with the performance of the Executive’s duties under this Agreement, which drunkenness or use of drugs continues after receipt of notice to the Executive from the Company of his
violation of this provision; or (vi) any attempt by the Executive to secure any personal profit in connection with the business of the Company unless given prior written approval by unanimous consent of the Board. 
  
 “Confidential Information” has the meaning set
forth in Section 4(a)(i) of this Agreement. 
  
 “Disability” means the inability, due to illness, accident, injury, physical or mental incapacity or other disability, of the Executive to carry out effectively his duties and obligations to the Company or to participate
effectively and actively in the management of the Company for a period of at least 90 consecutive days or for shorter periods aggregating at least 150 days (whether or not consecutive) during any twelve-month period, as determined in the judgment of
the Board. 
  
 “Effective Date” means
May 1, 2002. 
  
 “Employment Period”
has the meaning set forth in Section 2(d)(ii) of this Agreement. 
  
 “Employment Term” has the meaning set forth in Section 2(d)(i) of this Agreement. 
  
 “Family Group” means, with respect to any Person who is an individual: (i) such Person’s spouse, former spouse and
descendants (whether natural or adopted), parents and their descendants and any spouse of the foregoing persons (collectively, “relatives”) or (ii) the trustee, fiduciary or personal representative of such Person and any trust solely for
the benefit of such Person and/or such Person’s relatives. 
  

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 “Geographical Area” has the meaning set forth in Section 5(a) of this
Agreement. 
  
 “Good Reason” for
resignation by the Executive means his resignation because of: (i) a reduction in the annual base salary of the Executive, a material reduction in the employee benefits granted to the Executive, or a reduction in the Executive’s percentage
participation in the MIC Plan prior to the approval and adoption of a New MIC Plan or a reduction in the Executive’s percentage participation in any New MIC Plan from the percentage previously awarded to the Executive if and when a New MIC Plan
is approved and adopted, (ii) a material modification to the MIC Plan as in effect on the date hereof which adversely affects the determination of the Executive’s bonus with respect to the 2002 calendar year or thereafter if the MIC Plan
continues to be in effect for any calendar year after the 2002 calendar year unless such modification is generally applicable to all participants in the MIC Plan and such modification has been approved by (x) if the Board has less than three
Management Board Members, then all such Management Board Members or (y) if the Board has three or more Management Board Members, then any two of such Management Board Members, (iii) a material modification to a New MIC Plan, which modification
adversely affects the determination of the Executive’s bonus for any calendar year for which such New MIC Plan is applicable, unless such modification is generally applicable to all participants in the New MIC Plan and such modification has
been approved by (x) if the Board has less than three Management Board Members, then all such Management Board Members or (y) if the Board has three or more Management Board Members, then any two of such Management Board Members, (iv) a requirement
that the Executive be based at any office or location more than 50 miles from Tulsa, Oklahoma, (v) a removal of the Executive as Vice President of Administration of the Company by action of the Board, or (vi) an assignment, by action of the Board,
to the Executive of any duties and responsibilities that are substantially inconsistent with or materially diminish the Executive’s position, in each case, other than with the consent of the Executive. 
  
 “Initial Employment Period” has the meaning set
forth in Section 2(d)(i) of this Agreement. 
  
 “Management Board Member” means any member of the Board who is also a full-time employee of the Company or any of its Subsidiaries. 
  
 “MIC Plan” means the Company’s and its Subsidiaries’ Management Incentive Compensation Plan for the 2002 calendar year
and thereafter until a New MIC Plan is approved and adopted. 
  
 “New MIC Plan” means the Company’s and its Subsidiaries’ Management Incentive Compensation Plan approved and adopted by the Board to be effective for any calendar year after 2002. 
  

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 “Noncompete Period” has the meaning set forth in Section 5(a) of this
Agreement. 
  
 “Old Employment
Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement. 
  
 “Person” means an individual, a partnership, a corporation, an association, a limited liability company, a joint stock company,
a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 
  
 “Post-Termination Period” has the meaning set forth in Section 5(a) of this Agreement. 
  
 “Predecessor Company” means GEEG Holdings, L.L.C.

  
 “Subsidiary” means, with respect to
any Person, any corporation, partnership, limited liability company, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, limited
liability company, association or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person
or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a partnership, limited liability company, association or other business entity if such Person or Persons shall be allocated a
majority of partnership, limited liability company, association or other business entity gains or losses or shall be or control the managing director, manager or a general partner of such partnership, limited liability company, association or other
business entity. 
  
 “Termination Date”
means the date that the Executive ceases to be employed by the Company or any of its Subsidiaries for any reason. 
  
 “Work Product” has the meaning set forth in Section 3 of this Agreement. 
  
 2. Employment. 
  
 (a) Employment. The Company agrees to employ the
Executive, and the Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the Employment Period (as herein defined). 
  
 (b) Positions and Duties. 
  
 (i) Commencing on the date hereof and continuing during the Employment Period, the Executive shall serve as
an employee and the Vice 
  

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President of Administration of the Company under the supervision and direction of the Board and shall have the normal duties, responsibilities and authority
of a Vice President of Administration of a corporation and such other duties as shall be assigned to the Executive by the Board from time to time. 
  
 (ii) The Executive shall devote his best efforts and his full business time and attention (except for permitted vacation periods and
reasonable periods of illness or other incapacity which does not constitute Disability) to the business and affairs of the Company. The Executive shall perform his duties and responsibilities to the best of his abilities in a diligent, trustworthy,
businesslike and efficient manner. The foregoing shall not preclude the Executive from devoting reasonable time to civic and charitable affairs and with the consent of the Board serving on a maximum of two boards of for-profit entities other than
the Board or the board of directors of any Subsidiary of the Company, provided that such activities do not interfere in any material respect with the performance of his duties hereunder. The Executive shall perform all services in accordance with
the policies, procedures and rules established by the Company. In addition, the Executive shall comply with all laws, rules and regulations that are generally applicable to the Company, its Subsidiaries and their employees, directors and officers.

  
 (c) Base Salary and Benefits.

  
 (i) Base Salary. During the Employment
Period, the Executive’s base salary shall be in an amount set by the Board, but under no circumstances will be less than $143,310 per annum (the “Base Salary”), which salary shall be paid by the Company in regular installments in
accordance with the Company’s general payroll practices and shall be subject to customary withholding. On an annual basis, the Board shall review and determine the appropriateness of an increase in the Base Salary as in effect as of the date of
such review. 
  
 (ii) Benefits. During the
Employment Period, in addition to the Base Salary payable to the Executive pursuant to Section 2(c)(i) hereof, the Executive shall be entitled to participate in the following employee benefit programs, plans and policies (collectively, the
“Benefits”): 
  
 (A) The employee
benefit programs (including, but not limited to, option plans and benefit programs which provide group pension, life and health insurance and other medical benefits) that the Company, with the approval of the Board, now or hereafter makes available
generally to its management as well as the employee benefits listed on Exhibit A hereto; provided that any awards under any option plans shall be set by the Board, in its sole discretion; 
  
 (B) During calendar year 2002 and thereafter, the MIC Plan
or any New MIC Plan, with any awards thereunder to be set by the Board at a 
  

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level of no less than a 45% target bonus (with the actual bonus ranging from 0% to 200% of such target), it being understood and agreed that if the MIC Plan
or a New MIC Plan is not in place during any calendar year, the Executive will have substantially the same bonus opportunities as existed under the MIC Plan or a New MIC Plan during the prior calendar year; 
  
 (C) The Company’s Leased Automobile Policy (including
without limitation payment or reimbursement of fuel expenses, maintenance expenses and license tag fees); and 
  
 (D) The Company’s Club Membership Policy (including without limitation payment of the monthly fees of a country club located in
Oklahoma of the Executive’s choice). 
  
 (iii) Expenses. The Company shall reimburse the Executive for all reasonable and necessary business expenses incurred by the Executive in performing his duties under this Agreement which are consistent with the Company’s
policies in effect from time to time with respect to travel, entertainment and other business expenses subject to the Company’s receipt of supporting documentation in accordance with the Company’s customary reporting and documentation
provisions. 
  
 (d) Term. 
  
 (i) This Agreement is an employment contract for a term of
two (2) years beginning as of the Effective Date and ending on the second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the Initial Employment Term, and at the end of each Additional Employment Term (as
herein defined), unless the Company (with the approval of the Board) has provided the Executive with at least sixty (60) days advance written notice, so long as the Executive continues to be employed by the Company, this employment contract shall
automatically renew for a term of one (1) year (each such additional term, an “Additional Employment Term”). The Initial Employment Term and each Additional Employment Term shall be referred to herein as an “Employment Term.”
Notwithstanding the foregoing, each Employment Term is subject to early termination (x) by reason of the Executive’s death or Disability, (y) by resolution of the Board with or without Cause, or (z) upon the Executive’s voluntary
resignation with or without Good Reason. For all purposes under this Agreement, a delivery of a notice by the Company to the Executive pursuant to this Section 2(d)(i) to avoid an Additional Employment Term shall be treated as if an Employment Term
has been terminated early by resolution of the Board without Cause. 
  
 (ii) The period of the Initial Employment Term together with each Additional Employment Term, if any, shall be referred to herein as the 
  

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“Employment Period.” Notwithstanding any termination of the Executive’s employment by the Company (such termination, an “Employment
Termination”), this Agreement shall remain a valid and enforceable contract between the parties, including without limitation Sections 3, 4 and 5 hereof. 
  

(e) Employment Termination. 
  
 (i) If any Employment Term is terminated early by resolution of the Board with Cause or by reason of the Executive’s voluntary
resignation without Good Reason, then the Executive shall be entitled to receive only all previously earned and accrued but unpaid Base Salary and vacation time up to the date of the Employment Termination (and not any accrued but unpaid Bonus as of
the date of the Employment Termination). 
  
 (ii)
If any Employment Term is terminated early by reason of the Executive’s death or Disability, then the Executive shall be entitled to receive only (x) all previously earned and accrued but unpaid Base Salary and vacation time up to the date of
the Employment Termination, (y) if the date of the Employment Termination is 3 months after the commencement of a Bonus Year, then a portion of the Bonus earned by the Executive during such Bonus Year in which such termination occurs determined on a
pro rated basis based on the number of days of the applicable Bonus Year prior to the date of the Employment Termination as compared to the number of days in such Bonus Year, which payment will be made when such Bonus for such Bonus Year would
otherwise be payable and (z) any Bonus earned by the Executive during any Bonus Year which ended prior to the date of the Employment Termination and which has not been paid as of such date, which payment will be made when such Bonus for such Bonus
Year would otherwise be payable. 
  
 (iii) If any
Employment Term is terminated early by reason of the Executive’s voluntary resignation with Good Reason or by resolution of the Board without Cause, then, subject to the last sentence of this section (iii), the Executive shall be entitled to
receive only the following: (v) all previously earned and accrued but unpaid Base Salary and vacation time up to the date of the Employment Termination, (w) his Base Salary and the Benefits marked on Exhibit A with an “#” for the
twelve-month period beginning on the date of the Employment Termination; provided, however, that such twelve-month period shall be extended until the date on which the Initial Employment Term would have ended if more than twelve months remained in
the Initial Employment Term on the date of the Employment Termination; provided, further, that in lieu of providing such benefits, the Company may elect to pay to the Executive the cost of premiums for such benefits, (x) the Benefits referred to in
Section 2(c)(ii)(C) hereof for the three-month period beginning on the date of the Employment Termination, (y) if the date of the Employment Termination is 3 months after the commencement of a Bonus Year, then a portion of the Bonus earned by the
Executive during such Bonus Year in which such termination occurs determined 
  

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on a pro rated basis based on the number of days of the applicable Bonus Year prior to the date of the Employment Termination as compared to the number of
days in such Bonus Year, which payment will be made when such Bonus for such Bonus Year would otherwise be payable and (z) any Bonus earned by the Executive during any Bonus Year which ended prior to the date of the Employment Termination and which
has not been paid as of such date, which payment will be made when such Bonus for such Bonus Year would otherwise be payable. Notwithstanding these payments or benefits, the period for which the Executive is entitled to health care continuation
coverage under Section 4980B of the Internal Revenue Code of 1986, as amended, shall begin to run on the date of the Executive’s termination. As a condition to receiving any payments pursuant to this section 2(e)(iii), the Executive shall
execute and deliver to the Company a general release (with ancillary covenants not to sue and other similar standard provisions) of the Company and its Affiliates and their respective officers, directors and employees from all claims of any kind
whatsoever arising out of the Executive’s employment or termination thereof (including without limitation, civil rights claims), in such form as reasonably requested by the Company; provided, however, that the release will not affect any
contractual rights the Executive may otherwise have under any stock option plans of the Company or option agreements thereunder; and provided further that the release shall not apply to any rights to which the Executive is entitled in accordance
with plan provisions under any employee benefit plan or fringe benefit plan or program of the Company and its Affiliates. 
  
 (iv) Except as expressly provided in this Section 2(e), the Executive hereby agrees that upon and after the Employment Termination, no
severance compensation of any kind, nature or amount (including by operation of law) shall be payable by the Company or any of its Subsidiaries or Affiliates to the Executive and the Executive hereby irrevocably waives any claim for severance
compensation of any kind, nature or amount (including by operation of law). 
  
 (v) Except as expressly provided in this Section 2(e), upon the Employment Termination, except as required by law, all of the Executive’s rights to Benefits hereunder (if any) shall cease. 
  
 (vi) Subject to restrictive covenants contained in Section 5
hereof, the Executive may obtain other engagements or employment after the date of an Employment Termination, and any compensation received or receivable by the Executive shall not reduce any amounts which the Company is required to pay to the
Executive pursuant to this Agreement. 
  
 3. Work Product.
The Executive agrees that all inventions, drawings, improvements, developments, methods, processes, programs, designs and all similar or related information which relates to the Company’s or any of its Subsidiaries’ actual or anticipated
business or research and development or existing or future products or services and which are conceived, developed, contributed to or made by the Executive (either solely or jointly with 
  

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 others) while employed by the Company or any of its Subsidiaries (“Work Product”) shall be the sole and
exclusive property of the Company or any such Subsidiary. The Executive will promptly disclose such Work Product to the Company and perform all actions requested by the Company (whether during or after employment) to establish and confirm such
ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
  
 4. Confidential Information. 
  
 (a) The Executive acknowledges: 
  
 (i) That the Work Product, artificial intelligence systems, information, customer lists, goodwill, observations and data disclosed to,
developed by or obtained by him while employed by the Company or any of its Subsidiaries concerning the business or affairs of the Company or any such Subsidiary (including without limitation the Company’s and its Subsidiaries’ technology,
methods of doing business and supplier and customer information) (collectively, “Confidential Information”) are highly confidential and uniquely valuable to the Company and its Subsidiaries; 
  
 (ii) That such Confidential Information is and shall
continue to be the property of the Company or any such Subsidiary; 
  
 (iii) That the Company and each of its Subsidiaries has a proprietary interest in their respective Confidential Information, including without limitation the identity of their respective customers and suppliers,
solicited customers, customer and supplier lists; 
  
 (iv) That the continued success of the Company and its Subsidiaries depends in large part on keeping the Confidential Information from becoming known to competitors of the Company and its Subsidiaries; and 
  
 (v) That the Company and its Subsidiaries will be
irreparably harmed by disclosure of any Confidential Information. 
  
 (b) Therefore, the Executive agrees: 
  
 (i) That, during his employment and for all times thereafter, except as required by law or court order, he shall not directly or indirectly disclose to any unauthorized person or use for his own account any
Confidential Information without the prior written consent of the Company, unless and to the extent that the aforementioned matters become generally known to and available for use by the public other than as a result of the Executive’s acts or
omissions to act; 
  
 (ii) To use his best
efforts and diligence to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss or theft; 
  

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 (iii) That upon the Employment Termination or at any other time the Company may request,
for whatever reason, the Executive shall deliver (and in the event of the Executive’s death or Disability, his representative shall deliver) to the Company all computer equipment or backup files of or relating to the Company and its
Subsidiaries, all memoranda, correspondence, customer data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and data (and copies thereof) relating to the Confidential Information, the Work
Product or the business of the Company or any of its Subsidiaries which he may then possess or have under his control. If the Company requests, the Executive (or his representative) agrees to provide written confirmation that the Executive has
returned all such materials to the Company or one of its Subsidiaries; and 
  
 (iv) That upon the Employment Termination or at any other time the Company may request, for whatever reason, the Executive shall assign all rights, title and interest in the Confidential Information, the Work Product,
all computer equipment or backup files of or relating to the Company or any of its Subsidiaries, all memoranda, correspondence, customer data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and
data (and copies thereof) relating to the Confidential Information, the Work Product or the business of the Company or any of its Subsidiaries which the Executive may then possess, has under his control, or has ever developed, obtained, or
contributed to during his tenure with the Company. 
  
 5.
Noncompete, Nonsolicitation. 
  
 (a) The
Executive agrees that, during the time he is employed by the Company or any of its Subsidiaries and during any applicable Post-Termination Period (as herein defined) (the “Noncompete Period”), he shall not directly or indirectly own,
operate, manage, control, participate in, consult with, advise, provide services for, or in any manner engage in any business (including by himself or in association with any person, firm, corporate or other business organization or through any
other entity) in competition with, or potential competition with, the businesses of the Company or any of its Subsidiaries as such businesses (the “Businesses”) exist during the Executive’s employment by the Company, within the United
States or any other geographical area in which the Company or any of its Subsidiaries engages or plans to engage in the Businesses (the “Geographical Area”). Nothing herein shall prohibit the Executive from being a passive owner of not
more than 2% of the outstanding stock of a corporation which is publicly traded, so long as the Executive has no active participation in the business of such corporation. For purposes of this Section 5, “Post-Termination Period” means the
twelve (12) month period beginning on the Termination Date. 
  
 (b) During the Noncompete Period, the Executive shall not directly or indirectly through another entity (i) induce or attempt to induce any employee of the Company or any of its Subsidiaries to leave the employ of the
Company or any such Subsidiary, or in any way interfere with the relationship between the Company or any of 
  

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its Subsidiaries and any employee thereof, including without limitation, inducing or attempting to induce any union, employee or group of employees to
interfere with the business or operations of the Company or any of its Subsidiaries, (ii) hire any person who was an employee of the Company or any of its Subsidiaries at any time during the Executive’s employment period, or (iii) induce or
attempt to induce any customer, supplier, distributor, franchisee, licensee or other business relation of the Company or any of its Subsidiaries to cease doing business with the Company or any such Subsidiary, or in any way interfere with the
relationship between any such customer, supplier, distributor, franchisee, licensee or business relation and the Company or any of its Subsidiaries. 
  
 (c) The Executive agrees that: (i) the covenants set forth in this Section 5 are reasonable in geographical and temporal scope and in all
other respects, (ii) the Company would not have entered into this Agreement but for the covenants of the Executive contained herein, and (iii) the covenants contained herein have been made in order to induce the Company to enter into this Agreement.

  
 (d) If, at the time of enforcement of this
Section 5, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be
substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. 
  
 (e) The Executive recognizes and affirms that in the event
of his breach of any provision of this Section 5, money damages would be inadequate and the Company would have no adequate remedy at law. Accordingly, the Executive agrees that in the event of a breach or a threatened breach by the Executive of any
of the provisions of this Section 5, the Company, in addition and supplementary to other rights and remedies existing in its favor, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other
relief in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). 
  

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 6. Notices. All notices, demands or other communications to be given or delivered under or by
reason of the provisions of this Agreement shall be in writing and delivered personally, mailed by certified or registered mail, return receipt requested and postage prepaid, sent via a nationally recognized overnight courier, charges prepaid, or
sent via facsimile. Such notices, demands and other communications will be sent to the address indicated below: 
  
 To the Company: 
  
 Global Power Equipment Group Inc. 
 6120 South Yale, Suite 1480 
 Tulsa, OK 74136 
 Attention: Secretary 
 Facsimile No.: (918) 274-2367 
  
 To the Executive: 
  
 at the Executive’s last address or facsimile 
 number on the records of the Company 
  
 or such other address or to the attention of such other Person as the recipient party shall
have specified by prior written notice to the sending party; provided, that the failure to deliver copies of notices as indicated above shall not affect the validity of any notice. Any such notice, demand or other communication shall be deemed to
have been received (i) when delivered, if personally delivered, or sent by nationally-recognized overnight courier or sent via facsimile or (ii) on the third business day following the date on which the piece of mail containing such notice, demand
or other communication is posted if sent by certified or registered mail. 
  
 7. Miscellaneous. 
  
 (a) Warranty by the Executive. The Executive represents and warrants to the Company that he is not a party to any agreement containing a noncompetition provision or other restriction with respect to (i) the
nature of any services or business which he is entitled to perform or conduct for the Company under this Agreement, or (ii) the disclosure or use of any information which directly or indirectly relates to the nature of the business of the Company or
any of its Subsidiaries or the services to be rendered by the Executive under this Agreement. 
  
 (b) Severability. If any provision or clause of this Agreement, or portion thereof shall be held by any court or other tribunal of
competent jurisdiction to be illegal, invalid, or unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given full effect, without regard to the invalid portion. It is the intention of the
parties that, if any court construes any provision or clause of this Agreement, or any portion thereof, to be illegal, void or unenforceable because of the duration of such provision or the area matter covered thereby, such court shall reduce the
duration, area, or matter of such provision, and, in its reduced form, such provision shall then be enforceable and shall be enforced. 
  
 (c) Complete Agreement. This Agreement shall embody the complete agreement and understanding among the Executive, the Company
and/or any of its Subsidiaries and supersedes and preempts any prior understandings, agreements or representations by or among such parties, written or oral, which may have related to the subject matter hereof in any way, including, but not limited
to, the Old Employment 
  

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Agreement. This Agreement does not supersede any agreements evidencing the grant of options to the Executive under the Company’s 2000 Option Plan, the
Company’s 2001 Option Plan or any future option plan of the Company. 
  
 (d) Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
  
 (e) Successors and Assigns, Transfer. This Agreement
is intended to bind and inure to the benefit of and be enforceable by the Executive and the Company and their respective successors, heirs and assigns. 
  
 (f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware, without
giving effect to any rules, principles or provisions of choice of law or conflict of laws. 
  
 (g) Remedies. The Company and the Executive will be entitled to enforce its or his respective rights under this Agreement
specifically, to recover damages and costs (including reasonable attorneys’ fees and expenses) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its or his favor. The parties hereto agree and
acknowledge that the Company will suffer irreparable harm and money damages may not be an adequate remedy for any breach of the provisions of this Agreement by the Executive and that the Company may in its sole discretion apply to any court of law
or equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement. 
  
 (h) Amendment and Waiver. The provisions of this
Agreement may be amended and waived only with the prior written consent of the Company (with the approval of the Board) and the Executive. 
  
 (i) Tax Matters. The Executive shall indemnify, defend and hold harmless the Company and its Affiliates (and their respective
officers, directors, shareholders and employees) for any liability associated with federal, state or local income tax withholding and employment tax withholding in respect of the Executive or his transferees (including all interest, penalties and
additions to tax with respect thereto) resulting from, or arising with respect to, the issuance to the Executive of any units of interest in the Predecessor Company, whether before or after the merger of GEEG Acquisition, L.L.C. into the Predecessor
Company, whether acquired by purchase from any Subsidiary of the Company or otherwise, or the holding by the Executive or his transferees of any such units of interest in the Predecessor Company. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date. 

 

			
	 GLOBAL POWER EQUIPMENT GROUP INC.

		
	 By:
	 	 /s/ Larry Edwards

	 Name:
	 	 Larry Edwards

	 Title:
	 	 President and Chief Executive Officer

	
	 /s/ James P. Wilson

	 James P. Wilson

  

 14 

 Exhibit A 
  

Benefits Schedule 
  
 James P. Wilson 
  

	#	Medical Insurance 

	#	Dental Insurance 

 Short Term Disability 
 Long Term Disability 

	#	Life Insurance 

 Salary Continuation 
 Accidental Death & Dismemberment 

	#	Travel Accident Insurance 

 9 Paid Holidays Per Year

 4 Weeks Paid Vacation Per Year 
 401(k) Plan 
 Preparation of Annual TaxesSTANDARD TERMS & CONDITIONS FOR NON-QUALIFIED STOCK OPTIONS

 EXHIBIT 10.15 
  
 STANDARD PACIFIC CORP. 
 STANDARD TERMS AND CONDITIONS FOR 
 NON-QUALIFIED STOCK OPTIONS 
 2000 STOCK INCENTIVE PLAN 
  
 SECTION 1—TERMS OF OPTION 
  
 STANDARD PACIFIC CORP., a Delaware corporation (the “Company”), has granted to the individual (the “Optionee”) named in the Term Sheet provided to the
Optionee herewith (the “Term Sheet”) a nonqualified stock option (the “Option”) to purchase any part or all of the number of shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”), set
forth in the Term Sheet, at the exercise price per share (the “Exercise Price”) and upon the other terms and subject to the conditions set forth in the Term Sheet, these Standard Terms and Conditions (as amended from time to time), and the
Plan specified in the Term Sheet (the “Plan”). 
  
 SECTION
2—NONQUALIFIED STOCK OPTION 
  
 The Option is not intended to be an
Incentive Stock Option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted accordingly. 
  
 SECTION 3—EXERCISE OF OPTION AND TERM OF OPTION 
  
 The Exercise Price of the Option is set forth in the Term Sheet. Except as otherwise provided in these Standard Terms and Conditions and the Plan, the Option shall be
exercisable only if the Optionee is an employee of the Company on the date that the Option becomes vested, as set forth in the Term Sheet and these Standard Terms and Conditions. To the extent not previously exercised, and subject to termination or
acceleration as provided in these Standard Terms and Conditions and the Plan, the Option shall be fully exercisable on and after it becomes vested, as described in the Term Sheet and these Standard Terms and Conditions, to purchase up to that number
of shares of Common Stock as set forth in the Term Sheet. Notwithstanding anything to the contrary in these Standard Terms and Conditions, no part of the Option may be exercised after ten (10) years from the grant date set forth in the Term Sheet.

  
 To exercise the Option (or any part thereof), the Optionee shall deliver a
“Notice of Exercise” in the form attached hereto as Exhibit A to the Company specifying the number of whole shares of Common Stock the Optionee wishes to purchase and how the Optionee’s shares of Common Stock should be
registered (in the Optionee’s name only or in the Optionee’s and the Optionee’s spouse’s names as community property or as joint tenants with right of survivorship). 
  
 The Company shall not be obligated to issue any shares of Common Stock until the Optionee shall have paid the total Exercise Price for that
number of shares of Common Stock. The Exercise Price may be paid (a) in cash or certified cashiers’ check, (b) by tendering (either physically or by attestation) shares of Common Stock owned by the Optionee having a “fair market
value” (defined in the Plan) on the date of exercise equal to the Exercise Price (but only if (i) the Company is not then prohibited by law, regulation, contract or otherwise from purchasing or acquiring such shares of Common Stock, and (ii)
such action will not result in an accounting charge to the Company), or (c) by any combination of the foregoing. In addition, the Exercise Price may be paid in such other form(s) of consideration as the Committee in its discretion shall specify,
including without limitation by loan or by techniques that may result in an accounting charge to the 

 Company, provided however, that the Company may offer or permit such assistance or techniques on an ad hoc basis
to any optionholder without incurring any obligation to offer or permit such assistance or techniques on other occasions or to other optionholders. Fractional shares may not be exercised. Shares of Common Stock will be issued as soon as practical
after exercise. 
  
 Notwithstanding the above, the Company shall not be obligated
to deliver any shares of Common Stock during any period when the Company determines that the exercisability of the Option or the delivery of shares hereunder would violate any federal, state or other applicable laws. 
  
 SECTION 4—TERMINATION OF EMPLOYMENT 
  

	A.	Death or Permanent Disability: Upon the date of a termination of the Optionee’s employment as a result of the death or Permanent Disability of the Optionee (i) any part
of the Option that is unexercisable as of such termination date shall remain unexercisable and shall terminate as of such date, and (ii) any part of the Option that is exercisable as of the termination date shall be exercisable by the Optionee (or
in the case of termination due to death, by optionee’s estate, heir or beneficiary) until and shall expire upon the earlier of (A) twelve (12) months following the date of termination of Optionee’s employment and (B) the Expiration Date of
the Option (as set forth in the Term Sheet). For purposes of these Standard Terms and Conditions, “Permanent Disability” means the inability to engage in substantial gainful employment by reason of any medically determinable physical or
mental impairment which can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months. The Optionee shall not be deemed to have a Permanent Disability unless proof of
the existence thereof is furnished to the Committee in such form and manner, and at such times, as the Committee may require. The determination of the Committee as to an individual’s Permanent Disability shall be conclusive on all of the
parties. 

  

	B.	Other Termination: Upon the date of a termination of the Optionee’s employment with the Company for any reason other than the death or Permanent Disability of the
Optionee (i) any part of the Option that is unexercisable as of such termination date shall remain unexercisable and shall terminate as of such date, and (ii) any part of the Option that is exercisable as of such termination date shall expire upon
the earlier of ninety (90) days following such date or the Expiration Date of the Option. 

  
 SECTION 5—CHANGE IN CONTROL 
  
 Immediately prior to the effective time and date of any Change in Control (as defined in the Plan), the Option, if and to the extent outstanding at such time and date, shall immediately vest and become exercisable to the extent that it has
not already vested, and subject to Section 4 hereof, shall be exercisable until such time thereafter as fixed by the Committee. Notwithstanding the foregoing, nothing in this Section 5 shall be deemed to limit the authority of the
Committee to (a) affect an adjustment pursuant to Section 10.2 of the Plan, (b) require the mandatory surrender of the Option pursuant to Section 11.2(iv) of the Plan, or (c) take any other action with respect to the Option permitted in Section 11.2
of the Plan that is consistent with the acceleration of vesting set forth in this Section 5. 
  
 SECTION 6—RESTRICTIONS ON RESALES OF OPTION SHARES 
  
 The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Optionee or other subsequent 
  

 2 

 transfers by the Optionee of any shares of Common Stock issued as a result of the exercise of the Option, including
without limitation (a) restrictions under an insider trading policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by the Optionee and other optionholders and (c) restrictions as to the use of a specified
brokerage firm for such resales or other transfers. The Optionee hereby acknowledges that, to the extent he or she is an “affiliate” of the Company (as that term is defined in Rule 144 promulgated under the Securities Act of 1933, as
amended) or to the extent that the shares of Common Stock underlying the Option have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, the shares of Common Stock are subject to, and the
certificates representing the shares of Common Stock shall be legended to reflect, certain trading restrictions under applicable securities laws (including particularly the Securities and Exchange Commission’s Rule 144), and the Optionee hereby
agrees to comply with all such restrictions and to execute such documents or take such other actions as the Company may require in connection with such restrictions. 
  
 SECTION 7—INCOME TAXES WITHHOLDING 
  
 The Company shall not be obligated to issue any shares of Common Stock pursuant to the exercise of the Option until the Optionee has satisfied in full any and all taxes
and tax withholding requirements as may be applicable. Such taxes may be paid by cash or certified cashiers’ check or by such other forms of consideration as the Committee in its discretion shall specify. The Committee may, in its discretion,
make such provisions and take such steps as it may deem necessary or appropriate for the withholding of all federal, state, local and other taxes required by law to be withheld with respect to the issuance or exercise of the Option including, but
not limited to, deducting the amount of any such withholding taxes from any amount then or thereafter payable to the Optionee. 
  
 SECTION 8—NON-TRANSFERABILITY OF OPTION 
  
 Unless otherwise provided in the Term Sheet or by amendment to the Term Sheet, the Optionee may not assign or transfer the Option to anyone other than by will or the laws
of descent and distribution and the Option shall be exercisable only by the Optionee during his or her lifetime. The Company may cancel the Optionee’s Option if the Optionee attempts to assign or transfer it in a manner inconsistent with this
Section 8. 
  
 SECTION 9—DISPUTES 
  
 Any disagreement concerning the Optionee’s Option shall be finally and conclusively
determined as provided in the Plan. 
  
  
  

 3 

 SECTION 10—THE PLAN AND OTHER AGREEMENTS 
  
 The provisions of the Plan are incorporated into these Standard Terms and Conditions by this reference. In the event of a conflict between
the terms and conditions of these Standard Terms and Conditions and the Plan, the Plan controls. Certain capitalized terms not otherwise defined herein are defined in the Plan. 
  
 The Term Sheet, these Standard Terms and Conditions and the Plan constitute the entire understanding between the Optionee and the Company
regarding the Option. Any prior agreements, commitments or negotiations concerning the Option are superseded. 
  
 SECTION 11—NO INTEREST IN SHARES SUBJECT TO OPTION 
  
 Neither the Optionee (individually or as a member of a group) nor any beneficiary or other person claiming under or through the Optionee shall have any right, title, interest, or privilege in or to any shares of
Common Stock allocated or reserved for the purpose of the Plan or subject to the Term Sheet or these Standard Terms and Conditions except as to such shares of Common Stock, if any, as shall have been issued to such person upon exercise of the Option
or any part of it. 
  
 SECTION 12—NOT A CONTRACT FOR EMPLOYMENT

  
 Nothing in the Plan, in the Term Sheet, these Standard Terms and
Conditions or any other instrument executed pursuant to the Plan shall (a) confer upon the Optionee any right to continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to
terminate the employment of the Optionee, with or without cause, or (c) confer upon the Optionee and right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Option under
the Plan. The Optionee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of the Optionee at any time and for any reason, or for no reason, unless the Optionee and the Company or such
subsidiary are parties to a written employment agreement that expressly provides otherwise. 
  
 SECTION 13—NOTICES 
  
 All notices,
requests, demands and other communications pursuant to these Standard Terms and Conditions shall be in writing and shall be deemed to have been duly given if personally delivered, telexed or telecopied to, or, if mailed, when received by, the other
party at the following addresses (or at such other address as shall be given in writing by either party to the other): 
  

					
	 If to the Company to:
	 	Standard Pacific Corp.
15326 Alton Parkway
Irvine, California
92618
			
	 	 	Attention:	 	Secretary (in the case of all communications except for the Notice of Exercise); or Stock Option Administrator (in the case of the Notice of Exercise).

  
   If to the
Optionee, to the address set forth below the Optionee’s signature on the Term Sheet. 
  

 4 

 SECTION 14—SEPARABILITY 
  
 In the event that any provision of these Standard Terms and Conditions is declared to be illegal, invalid or otherwise unenforceable by a
court of competent jurisdiction, such provision shall be reformed, if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise deleted, and the remainder of these Standard Terms and Conditions shall not be affected
except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision. 
  
 SECTION 15—HEADINGS 
  
 The headings
preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part of these Standard Terms and Conditions, nor shall they affect its meaning, construction or effect. 
  
 SECTION 16—FURTHER ASSURANCES 
  
 Each party shall cooperate and take such action as may be reasonably requested by another
party in order to carry out the provisions and purposes of these Standard Terms and Conditions. 
  
 SECTION 17—BINDING EFFECT 
  
 These
Standard Terms and Conditions shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns. 
  

 5

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