Document:

Form Stock Appreciation Rights Agreement

 Exhibit 10.8 
 INFRASTRUX GROUP, INC. 
 STOCK APPRECIATION RIGHTS AGREEMENT 
  
  
  

			
	 Grant:              Stock
Appreciation Rights
  
 Base Price:
$3.53 per share
  
 Grant Date:
                    ,        
	  	 Name:                                      
                          
  
  
 Signature:

  
  
 Subject to your execution of a joinder to the Stockholders Agreement attached hereto as Exhibit A (as amended from time to time, the “Stockholders
Agreement”), effective on the Grant Date you have been granted the number of Stock Appreciation Rights (the “Rights”) set forth above, each Right entitles you to the positive difference, if any, between the Base Price designated above
and the Fair Market Value of a share of common stock, par value $0.01 per share (the “Stock”) of InfrastruX Group, Inc. (the “Company”) on the date of exercise (the “Spread”), in accordance with the provisions of this
Agreement and the InfrastruX Group, Inc. 2007 Equity Incentive Plan (the “Plan”). Upon exercise, the Spread will be paid in whole shares of Stock with a Fair Market Value equal to the Spread. You may only exercise a Right once it is
vested, subject to the conditions described below and will forfeit all unvested Rights in the event of your Termination of Service for any reason, whether such termination is occasioned by you, by the Company or any of its Subsidiaries, with or
without Cause or by mutual agreement. If your Termination of Service is for Cause, you shall forfeit all Rights, whether or not previously vested. 
 The Rights will vest and no longer be subject to forfeiture, provided you have not incurred a Termination of Service prior to such date, as follows: 
 1.    20% of the Rights shall be vested on the Grant Date; 
 2.    20% of the Rights shall vest on May 8, 2008 and on each anniversary thereafter so that the Rights will be fully vested on May 8, 2011; 
 3.    Notwithstanding the foregoing 100% of the Rights shall vest: 
 a.    Upon a Change in Control; 
 b.    If prior to May 8, 2008, the date the Cumulative Proceeds equal or exceed 1.5 times the Investment; 
 c.    If on or after May 8, 2008 and prior to May 8, 2009, the date the Cumulative Proceeds equal or exceed 1.75 times the Investment; 
 d.    If on or after May 8, 2009 and prior to May 8, 2010, the date the Cumulative Proceeds equal or exceed 2 times the
Investment. 
  

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 Once vested, Rights may be exercised in whole or part, only upon Termination of Service (other than for
Cause), a Tag-Along Transfer (as defined in the Stockholders Agreement) or a Transaction. However, vested Rights must be exercised, if at all, prior to the earlier of: 
 e.    six months following Termination of Service for any reason other than death; 
 f.    one year following Termination of Service by reason of death; and 
 g.    the tenth
anniversary of the Grant Date; 
 and if not exercised prior thereto, the Rights shall terminate and no longer be exercisable. 
 The Rights will be deemed exercised upon receipt of the Exercise Notice attached as Exhibit B. The Spread shall be determined by the Fair Market Value
of the Stock on the date the Exercise Notice is received by the Company. You may also be required to make such other representations as the Company deems necessary in order to comply with any state or federal securities laws. In addition to being
subject to the Stockholders Agreement, you agree that until the earlier of (x) May 8, 2011, (y) the date the Realized Cumulative Proceeds equal or exceed 3 times the Investment, or (z) the date Tenaska no longer has any direct or
indirect ownership of the Company, the number of shares of Stock acquired upon exercise of Rights under this Agreement that you may transfer or otherwise sell (other than in connection with put and call rights under the Stockholders Agreement) shall
be limited to the shares of common stock that Tenaska has sold or otherwise transferred from the Grant Date through the relevant date. 
 Rights are not transferable except by will or the laws of descent and distribution. 
 The Company has the authority to deduct or
withhold, or require you to remit to the Company, an amount sufficient to satisfy applicable federal, state, local and foreign taxes (including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event
arising from the exercise of any vested Rights. You may satisfy your tax obligation, in whole or in part, by either: (i) electing to have the Company withhold shares of Stock otherwise to be delivered with a Fair Market Value equal to the
minimum amount of the tax withholding obligation, (ii) surrendering to the Company previously owned shares of Stock with a Fair Market Value equal to the minimum amount of the tax withholding obligation, (iii) withholding from other cash
compensation or (iv) paying the amount of the tax withholding obligation directly to the Company in cash; provided, however, that if the tax obligation arises during a period in which the Participant is prohibited from trading under any policy
of the Company or by reason of the Exchange Act, then the tax withholding obligation shall automatically be satisfied in accordance with subsection (i) of this paragraph. 
 Nothing in the Plan or this Agreement shall be interpreted to interfere with or limit in any way the right of the Company or any Subsidiary to terminate
your employment or services at any time, nor confer upon any you the right to continue in the employ or service of the Company or any Subsidiary. 
  

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 The Rights are granted under and governed by the terms and conditions of the Plan. You acknowledge and
agree that the Plan has been introduced voluntarily by the Company and in accordance with its terms it may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Rights is a one-time benefit and
does not create any contractual or other right to receive additional stock appreciation rights or other benefits in lieu of stock appreciation rights in the future. Future awards of stock appreciation rights, if any, will be at the sole discretion
of the Company, including, but not limited to, the timing of the award, the number of shares subject to such award and vesting provisions. By execution of this Agreement, you consent to the provisions of the Plan, this Agreement and the Stockholders
Agreement. 
 Defined terms used herein shall have the meaning set forth in the Plan, unless otherwise defined herein. 
  

			
	INFRASTRUX GROUP, INC.
		
	By:	 	 
		
		 	  Name: Michael T. Lennon
		
		 	  Title: President & CEO

  

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 EXHIBIT A 
 STOCKHOLDERS AGREEMENT 
 OF 
 INFRASTRUX GROUP, INC. 
 EXHIBIT B 
 EXERCISE NOTICE 
 STOCK APPRECIATION RIGHTS 
 Compensation Committee 
 InfrastruX Group, Inc. 
 Attn:
                    
                     
 The
undersigned Participant hereby elects to exercise _________ vested Rights pursuant to the InfrastruX Group Inc. 2007 Equity Incentive Plan and the Stock Appreciation Rights Agreement dated _________________ (the “Grant Date”). 

I acknowledge that payment for the Rights will be made in accordance with the terms set forth in the Stock Appreciation Rights Agreement, less any
legally required withholdings. 
 By exercising the Rights I hereby agree to be bound by and subject to the terms and conditions of the
Stockholders Agreement dated ____________________, as such agreement may be amended from time to time. 
  

			
		
	Name:	 	  

			
		
	Address:	 	  

	
	  

			
		
	 Taxpayer Identification Number:
	 	  

			
		
	 Date:
	 	  

  

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 Signature:
                                         
                                         
       
  
  

			
	 Received by InfrastruX Group, Inc. this ___ day of ____________, ____.

		
	By:	 	  

			
	Its:	 	  

  

 5Form Long Term Incentive Bonus Agreement

 Exhibit 10.9 
 LONG TERM INCENTIVE BONUS AGREEMENT 
 THIS LONG TERM INCENTIVE BONUS AGREEMENT
(“Agreement”) is made and entered into as of the ___ day of ________, ______ by and between INFRASTRUX GROUP, INC, (the “Company”) and _________ (“Participant”). 
 RECITALS 
 Participant is employed by
the Company, Parent, or a Subsidiary and is a valued employee key to the long-term growth and profitability of the Company and its affiliates. The Company desires to grant, and Participant desires to be granted, a right to receive a Bonus Award
pursuant to the terms of the InfrastruX Group, Inc. 2007 Equity Incentive Plan (the “Plan”) as provided below. The parties hereto wish to enter into certain understandings and agreements regarding their respective rights with respect to
said bonus compensation on the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements contained herein, the parties hereto agree as follows: 
 1.    Grant of Bonus and
Vesting. The Company hereby grants to Participant the right to receive $ __________ as a “Bonus Award” subject to the terms of this Agreement and the Plan. Participant’s right to the Bonus Award will vest and no longer be subject
to forfeiture provided that Participant has not incurred a Termination of Service prior to the earlier of: 
  

	 	A.	May 8, 2011; 

  

	 	B.	A Change in Control; 

  

	 	C.	An IPO; 

  

	 	D.	If prior to May 8, 2008, the date the Cumulative Proceeds equal or exceed 1.5 times the Investment; 

  

	 	E.	If on or after May 8, 2008 and prior to May 8, 2009, the date the Cumulative Proceeds equal or exceed 1.75 times the Investment; 

  

	 	F.	If on or after May 8, 2009 and prior to May 8, 2010 the date the Cumulative Proceeds equal or exceed 2 times the Investment. 

 If Participant incurs a Termination of Service prior to vesting, he/she shall forfeit the Bonus Award and the Company shall have no obligation to pay the
Bonus Award to the Participant. 
 2.    Payment. The Bonus Award shall be payable in a lump sum within sixty days
after vesting, but not later than the March 15 of the year following the year in which such vesting occurs. Payment of the Bonus Award shall be less any applicable income and employment taxes or other required withholdings. 
  

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 3.    Restriction on Transfer. Participant agrees that, the Bonus Award, nor
any interest therein or part thereof may be sold, hypothecated, alienated or otherwise transferred by Participant except by his last will and testament, or by the laws of descent and distribution. 
 4.    Tax Consequences. The Participant shall be solely liable for any and all taxes or levies which may result from the
grant, vesting and receipt of Bonus Award, hereunder. The Company shall make all applicable withholdings from all sums payable hereunder. 
 5.    No Implied Rights. The rights and privileges conferred on Participant are limited to those which are expressly stated in this Agreement, and no other rights or privileges shall be implied. 
 6.    Agreement not an Employment Agreement. Nothing herein shall be construed to constitute or be evidence of an agreement or
understanding, express or implied, on the part of Company, Parent, a Subsidiary or JV to employ or retain Participant as an employee for any specific period of time. Each of the parties hereto understands that Participant’s employment is
at-will. 
 7.    Applicable Law. The validity, construction, and all rights granted under this Agreement shall be
governed by the laws of the State of Washington. 
 8.    Invalidity of Any Provision. Should any provision of
this Agreement be or become void, illegal or unenforceable, the remaining provisions of this Agreement shall continue to be fully effective. 
 9.    Entire Understanding. This Agreement embodies the entire understanding and agreement of the parties hereto in relation to the subject matter hereof, and no promise, condition, representation or warranty not
expressly set forth herein shall bind any party hereto. This Agreement is intended to and shall supersede all prior agreements among the parties that relate to the subject matter hereof. None of the terms or conditions of this Agreement may be
changed, modified, waived or canceled except by a writing signed by all the parties hereto, specifying such change, modification, waiver or cancellation. 
 10.    Successors and Assigns. Except as otherwise specifically provided herein, this Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective
permitted successors and assigns. 
 11.    Effect of this Agreement. The entering into of this Agreement shall
not affect any other compensation or incentive plans in effect for the Company, Parent, a Subsidiary or JV. Nothing in this Agreement shall be construed to limit the right of the Company, Parent, a Subsidiary or JV to establish any other forms of
incentives or compensation for employees or consultants of the Company. 
 12.    Execution. This Agreement may be
executed in counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same. 
 13.    Subject to Agreement and Plan. This Bonus Award is granted under and governed by the terms and conditions of the Plan. Participant acknowledges and agrees that the 

  

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Plan has been introduced voluntarily by the Company and in accordance with its terms it may be amended, cancelled, or terminated by the Company, in its sole
discretion, at any time. The grant of the Bonus Award under the Plan is a one-time benefit and does not create any contractual or other right to receive future bonus awards, or benefits in lieu of bonus awards in the future. Future bonus awards, if
any, will be at the sole discretion of the Company, including, but not limited to, the timing of the award and vesting provisions. By execution of this Agreement, Participant hereby consents to the provisions of the Plan, and this Agreement. Defined
terms used herein shall have the meaning set forth in the Plan, unless otherwise defined herein. 
 IN WITNESS WHEREOF, the parties hereto
have executed this Long Term Incentive Bonus Agreement as of the date set forth above. 
  

					
	INFRASTRUX GROUP, INC.	 		 	PARTICIPANT:
			
	 By:                                       
                              
	 		 	 
			
	 Name: Michael T. Lennon
	 		 	Address:
			
	 Title: President & CEO
	 		 	 
			
		 		 	 
			
		 		 	 

  

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