Document:

EX-10.2

 EXHIBIT 10.2 

FIRST AMENDMENT 
 TO THE

 EMPLOYMENT AGREEMENT 

This First Amendment to the Employment Agreement (the “Amendment”) is entered into on March 31, 2014, by and between
MASTEC, INC., a Florida corporation (the “Company”), and JOSE R. MAS (“Employee”). 

WHEREAS, the Company and the Employee previously entered into an Employment Agreement, effective as of April 18, 2007 (the
“Employment Agreement”); and 
 WHEREAS, the Company and the Employee desire to amend the Employment Agreement as of
the date hereof in certain respects. 
 NOW THEREFORE, in consideration of the facts, mutual promises, and covenants contained herein
and intending to be legally bound hereby, the Company and Employee agree as follows: 
 1. Section 4(d) of the Employment Agreement is
hereby amended and restated, in its entirety, to read as follows: 
 “d. Equity. Employee shall receive one hundred
thousand (100,000) shares of the Company’s common stock (the “Restricted Stock”) vesting, based on continued service and compliance with Section 8, 100% on the fifth anniversary of the Effective Date. So long as the Employee
is not terminated for Cause, as defined in Section 11c, the Restricted Stock shall vest immediately upon termination of this Agreement. So long as the Employee is not terminated for Cause, as defined in Section 11c, and has
not breached any of his obligations set forth in Sections 6, 7 and 8 hereof, any restricted stock issuances or stock options grants Employee currently has or may have in the future shall continue to vest until they are fully vested and all
existing and future stock option grants will remain exercisable by Employee for the full term of the grant. The Restricted Stock will be subject to the terms and conditions of the Company’s incentive plans, as they may be amended from time to
time in the Company’s sole discretion.” 
 2. Section 11(f) of the Employment Agreement is hereby amended and restated, in
its entirety, to read as follows: 
 “f. Payments After Termination. If this Agreement and Employee’s employment
hereunder are terminated for the reasons set forth in Sections 11(a) or 11(b), then Employee or Employee’s estate will receive an amount equal to the Base Salary and the pro rata portion of the Performance Bonus earned through the date of death
or disability to which Employee would have been entitled for the year in which the death or disability occurred in accordance with the terms of this Agreement, and all of Employee’s Options and restricted stock shall immediately vest. If the
Company terminates this Agreement and Employee’s employment hereunder for the reasons set forth in Section 11(c)(i-vi), then (i) Employee will receive his Base Salary through the date of termination and (ii) Employee will forfeit
any entitlement that Employee may have to receive any Performance Bonus for the year in which Employees employment terminates. If this Agreement is terminated for the reason set forth in Section 11(d)

 
or Section 11(e), then (i) Employee will receive his Base Salary, Average Performance Bonus (as defined below) and benefits set forth in Section 4(b) hereof (collectively, the
“Severance Benefits”), over a period of twelve (12) months from the date of termination (the “Severance Period”). The Average Performance Bonus shall mean the average of the Performance Bonuses the Employee has received
during the last three complete calendar years for which Employee was an employee of the Company. The Severance Benefits shall be payable in accordance with the Company’s payroll procedures and subject to applicable withholdings. Upon payment by
the Company of the amounts described in this Section 11(f), Employee will not be entitled to receive any further compensation or benefits from the Company whatsoever.” 

3. Section 12(p) of the Employment Agreement is hereby amended and restated, in its entirety, to read as follows: 

“p. Compliance with Section 409A: 

(i) General. It is the intention of both the Company and the Employee that the benefits and rights to which the Employee could
be entitled pursuant to this Agreement comply with Section 409A of the Internal Revenue Code and the Treasury Regulations and other guidance promulgated or issued thereunder (“Section 409A”), to the extent that the requirements
of Section 409A are applicable thereto, and the provisions of this Agreement shall be construed in a manner consistent with that intention. If the Employee or the Company believes, at any time, that any such benefit or right that is subject to
Section 409A does not so comply, it shall promptly advise the other and shall negotiate reasonably and in good faith to amend the terms of such benefits and rights such that they comply with Section 409A (with the most limited possible
economic effect on the Employee and on the Company). Notwithstanding the foregoing, the Company does not make any representation to the Employee that the payments or benefits provided under this Agreement are exempt from, or satisfy, the
requirements of Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless the Employee or any beneficiary of the Employee for any tax, additional tax, interest or penalties that the Employee or any
beneficiary of the Employee may incur in the event that any provision of this Agreement, or any amendment or modification thereof, or any other action taken with respect thereto, is deemed to violate any of the requirements of Section 409A.

 (ii) Distributions on Account of Separation from Service. If and to the extent required to comply with Section 409A,
no payment or benefit required to be paid under this Agreement on account of termination of the Employee’s employment shall be made unless and until the Employee incurs a “separation from service” within the meaning of
Section 409A. 
 (iii) 6 Month Delay for Specified Employees. 

(1) If the Employee is a “specified employee”, then no payment or benefit that is payable on account of the Employee’s
“separation from service”, as that term is defined for purposes of Section 409A, shall be made before the date that is six months after the Employee’s “separation from service” (or, if earlier, the date of the
Employee’s death) if and to the extent that such payment or benefit constitutes deferred compensation (or may be nonqualified deferred compensation) under Section 409A and such deferral is required to comply with the requirements of
Section 409A. Any payment delayed by reason of the prior sentence, 

  
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and interest on any such delayed payment determined at the rate being paid by the Company on its senior credit facility determined as of the date of termination of the Employee’s employment,
shall be paid in a single lump sum at the end of such required delay period in order to catch up to the original payment schedule, and any benefits delayed by reason of the prior sentence, shall be provided at the end of such required delay period.

 (2) For purposes of this provision, the Employee shall be considered to be a “specified employee” if, at the time of his or
her separation from service, the Employee is a “key employee”, within the meaning of Section 416(i) of the Code, of the Company (or any person or entity with whom the Company would be considered a single employer under
Section 414(b) or Section 414(c) of the Code) any stock in which is publicly traded on an established securities market or otherwise. 

(iv) No Acceleration of Payments. Neither the Company nor the Employee, individually or in combination, may accelerate any
payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be
paid without violating Section 409A. 
 (v) Treatment of Each Installment as a Separate Payment. For purposes of
applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Employee is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under
Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments. 

(vi) Taxable Reimbursements and In-Kind Benefits. 

(1) Any reimbursements by the Company to the Employee of any eligible expenses under this Agreement that are not excludable from the
Employee’s income for Federal income tax purposes (the “Taxable Reimbursements”) shall be made by no later than the earlier of the date on which they would be paid under the Company’s normal policies and the last day of the
taxable year of the Employee following the year in which the expense was incurred. 
 (2) The amount of any Taxable Reimbursements, and the
value of any in-kind benefits to be provided to the Employee, during any taxable year of the Employee shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year of the Employee. 

(3) The right to any Taxable Reimbursement, or in-kind benefits, shall not be subject to liquidation or exchange for another benefit. 

(vii) Tax Gross-Ups. Notwithstanding any provision of this Agreement to the contrary, payment of any tax reimbursements under
this Agreement must be made by no later than the end of the taxable year of the Employee following the taxable year of the Employee in which the Employee remits the related taxes and the payment of any tax reimbursements under this Agreement shall
be based on Employee’s actual marginal tax rate of the Federal, state, local, or foreign taxes imposed upon Employee as a result of compensation paid or made available to Employee, including the additional taxes imposed upon Employee due to the
Company’s payment of the initial taxes on such compensation.” 

  
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 4. Except as amended herein, all other provisions of the Employment Agreement remain unchanged
and in full force and effect. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 

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

 

			
	EMPLOYEE
	
	 /s/ Jose R. Mas

	Jose R. Mas
	
	MASTEC, INC.
		
	By:	 	 /s/ George Pita

		 	George Pita, Chief Financial Officer

  
 5EX-10.3

 EXHIBIT 10.3 

FIRST AMENDMENT 
 TO THE

 EMPLOYMENT AGREEMENT 

This First Amendment to the Employment Agreement (the “Amendment”) is entered into on March 31, 2014 (the
“Effective Date”), by and between MASTEC, INC., a Florida corporation (the “Company”), and GEORGE PITA (“Employee”). 

WHEREAS, the Company and the Employee previously entered into an Employment Agreement, effective as of January 22, 2014 (the
“Employment Agreement”); and 
 WHEREAS, the Company and the Employee desire to amend the Employment Agreement as of
the date hereof in certain respects. 
 NOW THEREFORE, in consideration of the facts, mutual promises, and covenants contained herein
and intending to be legally bound hereby, the Company and Employee agree as follows: 
 1. A new Section 11(i) of the Employment
Agreement is hereby added to read as follows: 
 “i. Potential Section 280G Reductions. 

(i) Anything in this Agreement to the contrary notwithstanding, in the event that it shall be determined that any payment, distribution,
or other action by the Company to or for the benefit of the Employee, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”), would result in an “excess parachute
payment” within the meaning of Section 280G(b)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and the value determined in accordance with Section 280G(d)(4) of the Code of the Payments, net of all taxes
imposed on the Employee (the “Net After-Tax Amount”) that the Employee would receive would be increased if the Payments were reduced, then the Payments shall be reduced by an amount (the “Reduction Amount”) so that the Net
After-Tax Amount after such reduction is greatest. For purposes of determining the Net After-Tax Amount, the Employee shall be deemed to (i) pay federal income taxes at the highest marginal rates of federal income taxation for the calendar
year in which the Payment is to be made, and (ii) pay applicable state and local income taxes at the highest marginal rate of taxation for the calendar year in which the Payment is to be made, net of the maximum reduction in federal income
taxes which could be obtained from deduction of such state and local taxes. 
 (ii) Subject to the provisions of this
Section 11(i), all determinations required to be made under this Section 11(i), including the Net After-Tax Amount, the Reduction Amount and the Payments that are to be reduced pursuant to Section 11(i)(i) and the assumptions to be
utilized in arriving at such determinations, shall be made by a nationally accredited accounting firm chosen by the Company in its sole discretion (the “Accounting Firm”), which shall promptly provide detailed supporting calculations both
to the Company and the Employee upon request by the Company. The Accounting Firm’s decision 

 as to which Payments are to be reduced shall be made (i) only from Payments that the Accounting Firm
determines reasonably may be characterized as “parachute payments” under Section 280G of the Code; (ii) only from Payments that are required to be made in cash, (iii) only with respect to any amounts that are not payable
pursuant to a “nonqualified deferred compensation plan” subject to Section 409A of the Code, until those payments have been reduced to zero, and (iv) in reverse chronological order, to the extent that any Payments subject to
reduction are made over time (e.g., in installments). In no event, however, shall any Payments be reduced if and to the extent such reduction would cause a violation of Section 409A of the Code or other applicable law. All fees and
expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting Firm shall be binding upon the Company and the Employee.” 

2. Except as amended herein, all other provisions of the Employment Agreement remain unchanged and in full force and effect. 

[SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
 2 

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

 

			
	EMPLOYEE
	
	 /s/ George Pita

	George Pita
	
	MASTEC, INC.
		
	By:	 	 /s/ Jose Mas

		 	Jose Mas, Chief Executive Officer

  
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