Document:

Employment Agreement, David L. Keller

 Exhibit 10.15 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”) is entered into between Global Power Equipment Group Inc., a Delaware corporation (the
“Company”), and David L. Keller (“Executive”) on September 11, 2009 to set forth the terms pursuant to which Executive will become President and Chief Executive Officer of the Company on September 14,
2009 (the “Effective Date”). 
 The Company and Executive, intending to be bound upon execution of this Agreement on the date first
set forth above, agree as follows: 
 1. Employment; Term. The Company engages and employs Executive, for an initial term extending from
the Effective Date through September 13, 2012, to render such services in the administration and operation of its affairs as are customarily performed by presidents and chief executive officers of companies similar in size to, and in a similar
business as, the Company, together with such other duties as, from time to time, may be specified by its Board of Directors (the “Board”) in a manner consistent with his status as the principal executive officer of the Company, all in
accordance with the terms and conditions of this Agreement. By not later than June 13, 2012, if Executive’s employment under this Agreement has not been earlier terminated under any of Sections 7.2 through 7.6, the Company and Executive
will discuss whether or not they then mutually agree that the term of Executive’s employment should be extended for an additional year through September 13, 2013, and if they do so mutually agree, each will confirm that fact in a writing
delivered to the other by not later than July 13, 2012. The term of Executive’s employment under this Agreement, through the Termination Date (as defined in Section 8 below), is sometimes referred to below as the “Contract
Period.” 
 2. Full-Time Services; Location; Compliance. 

2.1 Full-Time Services. Throughout the Contract Period, Executive will devote substantially all of his business time and efforts to
the service of the Company and its Subsidiaries (as defined below in this Section 2.1), except for usual vacation periods, reasonable periods of illness, and reasonable periods of time devoted to his personal financial affairs and charitable
and civic activities that do not interfere with the performance by Executive of his duties under this Agreement. For purposes of this Agreement, the term “Subsidiary” means any corporation, partnership, or other entity a majority of the
voting control of which is directly or indirectly owned or controlled by the Company. 
 2.2 Location. The Company
acknowledges that Executive will not relocate his personal residence to the Tulsa, Oklahoma area. Throughout the Contract Period, Executive will spend substantially all of the Business Days on which he works for the Company either at the
Company’s headquarters in Tulsa (where he will spend a substantial majority of those days) or travelling to the offices of the Company’s Subsidiaries or to other destinations to which the business of the Company would take him without
regard to where he might maintain his personal residence. Except as may otherwise be agreed by the Board, Executive will not regularly use a home office or other office maintained by him outside of the Company’s headquarters or the offices of
its Subsidiaries to perform services on behalf of the Company during Business Days. For purposes of this Agreement, the term “Business Day” means any day (other than a day on which Executive is on vacation) on which the Company’s
headquarters are open for business. 

 2.3 Compliance. In the performance of his duties under this Agreement Executive will
comply with all policies, procedures, and rules established by the Company from time to time and with all applicable laws and governmental rules and regulations. 

3. Executive Officer and Board Member. Throughout the Contract Period: (a) Executive will hold the offices of President and Chief
Executive Officer of the Company; (b) Executive will report to and be accountable to the Board; and (c) the Company will use its best efforts to cause Executive to be elected to the Board at each meeting of the shareholders of the Company
at which directors are elected. 
 4. Compensation. For all services to be rendered by Executive to the Company and its
Subsidiaries under this Agreement during the Contract Period, including services as an officer, director, or member of any committee of the Board, or any other services specified by the Board, the Company will pay and provide to Executive the
compensation and benefits specified in this Section 4. 
 4.1 Base Salary. The Company will pay Executive base salary
(the “Base Salary”), in equal monthly or more frequent installments, at the rate of not less than $435,000 per year, subject to such increases as the Board may approve. 

4.2 Annual Bonus. Throughout the Contract Period, Executive will be a participant in and entitled to bonuses under the
Company’s Management Incentive Compensation Plan as in effect from time to time (the “MICP”) with, for each “Bonus Year” (as defined in the MICP): (a) a target bonus of 80% of the Base Salary paid to Executive
during that Bonus Year, and (b) a maximum bonus of 160% of the Base Salary paid to Executive during that Bonus Year. 
 4.3
Equity Grant. 
 (a) As of the Effective Date, the Company will grant to Executive 750,000 Restricted Stock Units
(“RSUs”) under the Company’s 2008 Management Incentive Plan (the “MIP”). Subject to acceleration under the terms of the MIP or another provision of this Section 4.3, the RSUs so granted will vest 25% per year
on March 31 of each of 2010 through 2013, provided: 
 (i) As to one half of the RSUs that might vest on any particular
March 31 (the “Time Vested RSUs”), Executive remains in the employ of the Company through that date, and 
 (ii)
As to the other one half of the RSUs that might vest on any particular March 31 (the “Performance Vested RSUs”): 

(A) Executive remains in the employ of the Company through that date, and 

(B) the Company achieves its EBITDA Target (as defined in the MICP) for the immediately preceding calendar year, as determined after the
end of that immediately preceding calendar year. 
 (b) If (i) Executive remains in the employ of the Company through
September 13, 2012, (ii) the term of Executive’s employment is not extended by mutual agreement of the parties to September 13, 2013 as contemplated by Section 1 above, and (iii) Executive has not died before
March 31, 2013, Executive’s rights to RSUs scheduled to vest on March 31, 2013 will vest on that date to the same extent as if Executive had remained in the employ of the Company through that date. 

 

 2 

 (c) The grant of RSUs specified in this Section 4.3 is intended to provide Executive
with appropriate equity incentive for the entire Contract Period and, unless otherwise determined by the Board at some time after the Effective Time, Executive will not be granted additional awards of RSUs at any later time. 

5. Benefits. 
 5.1
401(k) Plan and Flex Benefit Plan. Throughout the Contract Period, Executive will be entitled to participate in the Company’s 401(k) plan and its Flex Benefit Plan on the terms and conditions generally applicable to senior executives of
the Company. 
 5.2 Insurance, Salary Continuation on Disability. Throughout the Contract Period, the Company will provide
to Executive life, accidental death and dismemberment, short and long term disability, and travel accident insurance on the terms and conditions generally applicable to senior executives of the Company. If Executive becomes disabled while employed
by the Company, the Company will pay to Executive the difference between his Base Salary and the benefit payable under the Company provided short term disability insurance for a period of up to six months. For the avoidance of doubt, the Company
will not provide medical or dental insurance to Executive at any time during or after the Contract Period. 
 5.3
Vacation. In addition to paid holidays generally provided to senior executives of the Company, Executive will be entitled to four weeks of paid vacation per year, to be taken at times selected by Executive in such a manner as to minimize
disruption to the operations of the Company. 
 5.4 Housing and Automobile. The Company will provide Executive an
allowance for or will directly pay the costs of (as may be determined by mutual agreement of the Board and Executive from time to time) (a) a suitable apartment in the Tulsa, Oklahoma area, and (b) a suitable automobile for his use while
in the Tulsa area. 
 6. Expense Reimbursement. The Company will reimburse Executive for reasonable and necessary business expenses
incurred in performing his duties under this Agreement. These reimbursements will be made in accordance with, and subject to any relevant limitations in, the Company’s policies in effect from time to time with respect to travel, entertainment,
and other business expenses (including documentation requirements). 
 7. Termination. 

7.1 Upon Expiration of the Term. Unless earlier terminated pursuant to another provision of this Section 7 or extended by
mutual agreement of the parties for one additional year as contemplated by Section 1 above, Executive’s employment under this Agreement will terminate without further action by either party on September 13, 2012. If Executive’s
employment under this Agreement is extended for one additional year as contemplated by Section 1 above and is not thereafter earlier terminated pursuant to another provision of this Section 7, Executive’s employment under this
Agreement will terminate without further action by either party on September 13, 2013. 
  

 3 

 7.2 Death or Disability. Executive’s employment under this Agreement will
terminate immediately upon his death. The Company may terminate Executive’s employment under this Agreement immediately upon giving notice of termination if Executive is Disabled (as defined below in this Section 7.2) for an aggregate of
90 days in any consecutive 12 calendar months or for 60 consecutive days. For these purposes, Executive will be deemed to be “Disabled” on any date if he is then unable to engage in his own occupation of President and Chief Executive
Officer of the Company by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months. 

7.3 For Cause by the Company. The Company may terminate Executive’s employment under this Agreement for “Cause” at
any time upon the occurrence of any of the following circumstances (as determined by the Board): 
 (a) Consistent failure by
Executive (other than as a result of disability) to perform his duties and responsibilities as specified in Sections 1 and 2 above, which failure continues for 15 days after the Board has advised Executive in writing of that failure. 

(b) A material breach of the Executive’s covenants under Section 12.1 (captioned “Confidentiality”) or
Section 12.3 (captioned “Noncompetition”). 
 (c) A material breach by Executive of any other provision of this
Agreement not specified in either of Sections 7.3(a) or 7.3(b), which breach is not cured in all substantial respects within 30 days after the Board has advised Executive in writing of the nature of the breach. 

(d) Commission by Executive of a felony, or any crime involving theft, dishonesty, or moral turpitude. 

(e) Commission by Executive of any one or more acts or omissions that are willful and deliberate and taken or omitted with intent to harm
or injure the business, operations, financial condition, or reputation of the Company or any of its Subsidiaries. 
 (f)
Disregard by Executive of directives of the Board. 
 (g) Drunkenness or use of drugs by Executive that interferes with the
performance of his duties under this Agreement and continues after receipt of notice to Executive from the Company of his violation of this provision. 

(h) Any action taken by Executive to secure any personal profit in connection with the business of the Company or any of its Subsidiaries
without first obtaining the unanimous consent of all of the members of the Board other than Executive to the taking of that action. 

7.4 For Good Reason by Executive. Executive may terminate his employment under this Agreement for “Good Reason” if:

 (a) The Company materially diminishes Executive’s duties and responsibilities from those set forth in Sections 1 and 3
above or materially breaches any of its obligations under this Agreement (the first date on which any such diminution or other material breach occurs being the “Good Reason Trigger Date”); 

(b) Executive delivers written notice to the Board, not later than 90 days after the Good Reason Trigger Date, of the occurrence of the
diminution or other breach and of Executive’s intention to terminate his employment for Good Reason based upon that occurrence; 
  

 4 

 (c) The Company fails to rescind the diminution or to cure the other breach specified in the
notice by the Executive, as the case may be, within 30 days after Executive has provided the written notice contemplated by Section 7.4(a); and 

(d) Executive actually terminates his employment by a subsequent written notice to the Company specifying an effective date of termination
that is not earlier than the expiration of the 30 day period specified in Section 7.4(c) and not later than one year after the Good Reason Trigger Date. 

7.5 Without Cause by the Company. The Company may terminate Executive’s employment under this Agreement at any time without
Cause pursuant to written notice provided to Executive upon the affirmative vote of a majority of all of the members of the Board (other than Executive). Any termination under this Section 7.5 will be effective at such time as the Board may
specify in that written notice. 
 7.6 Without Good Reason by Executive. Executive may terminate his employment under this
Agreement at any time without Good Reason pursuant to written notice provided to the Company. Any termination under this Section 7.6 will be effective at such time as Executive may specify in that written notice. 

8. Payments upon Termination. For all purposes of this Agreement, the term “Termination Date” means the date on which Executive’s
employment with the Company terminates. 
 8.1 Upon Termination For Cause, Without Good Reason, or at Expiration of Term.
If Executive’s employment under this Agreement is terminated by the Company for Cause, by Executive without Good Reason, or upon expiration of the term as contemplated in Section 7.1, the Company will pay and provide to Executive his Base
Salary through the Termination Date, to the extent not already paid, and, except as may otherwise be required by law, the Company will not pay or provide to Executive any further compensation or other benefits under this Agreement after the
Termination Date. The Company will pay any Base Salary referred to in this Section 8.1 to Executive within 30 days of the Termination Date. 

8.2 Upon Termination Without Cause or For Good Reason. If Executive’s employment under this Agreement is terminated by the
Company without Cause or by Executive for Good Reason, the Company will pay and provide to Executive the amounts and benefits specified in this Section 8.2, except that the Company will not be obligated to pay Executive the salary continuation
payments specified in Section 8.2(d) unless either (x) the Company is deemed to have waived Executive’s obligation to provide a Release as provided in Section 9.2 or (y) Executive has timely executed a Release as
contemplated by Section 9.3. The amounts and benefits specified in this Section 8.2 are as follows: 
 (a)
Executive’s Base Salary through the Termination Date, to the extent not already paid, and continuing insurance coverage as specified in Section 5.2 through the Termination Date. The Company will pay any Base Salary referred to in this
Section 8.2(a) to Executive within 30 days of the Termination Date. 
 (b) The amount of the annual bonus under the MICP
with respect to the immediately preceding calendar year, to the extent not already paid. The Company will pay this amount to Executive on the same date and in the same amount that the annual bonus for that year would have been paid if
Executive’s employment had not been terminated, but in any event not later than March 15 of the current year. 
  

 5 

 (c) If and only if the Termination Date is at least three full months after the beginning of
the MICP Bonus Year within which the Termination Date falls, a lump sum amount (a “Pro Rata Annual Bonus”) equal to a pro rata portion of the full year annual bonus under the MICP that Executive would have been entitled to had his
employment continued through the date on which bonuses for that Bonus Year are paid, based on actual financial results of the Company for the entire Bonus Year and individual performance by Executive during that part of the Bonus Year ending on the
Termination Date (the “Full Year Pro Forma Bonus Amount”). Any Pro Rata Bonus payable under this Section 8.2(c) will be equal to the Full Year Pro Forma Bonus Amount multiplied by a fraction, the numerator of which is the number of
days between January 1 of the Bonus Year and the Termination Date and the denominator of which is 365. The Company will pay any Pro Rata Annual Bonus that may be payable pursuant to this Section 8.2(c) on the same date as other bonuses are
paid with respect to the Bonus Year in which the Termination Date falls, but not later than March 15 of the immediately following year. 

(d) Continuation of Base Salary, at the rate in effect immediately before the Termination Date or, if Section 8.2(e) applies, at the
reduced rate specified in that section, through the first to occur of (i) the end of the then current term and (ii) the first anniversary of the Termination Date. For these purposes , the phrase “the end of the then current term”
(x) means the third anniversary of the Effective Date if the Termination Date occurs before that third anniversary and (y) means the fourth anniversary of the Effective Date if the Termination Date occurs after the third but before the
fourth anniversary of the Effective Date. The salary continuation payments to be made under this Section 8.2(d) will be made at the same times as salary payments would have been made to Executive if his employment with the Company had continued
through the first anniversary of the Termination Date. 
 (e) This Section 8.2(e) will apply only if the aggregate amount of
salary continuation payments under Section 8.2(d), without reference to this Section 8.2(e) (the “Unreduced Amount”), is greater than 1.95 times the dollar limit on separation pay set forth in Section 401(a)(17) of the
Internal Revenue Code (the product of 1.95 times the dollar limit set forth in Section 401(a)(17) of the Internal Revenue Code is referred to in this Agreement as the “Modified Limit”). If this Section 8.2(e) applies: 

(i) the amount of each salary continuation payment to be made under Section 8.2(d) will be ratably reduced to the extent necessary
so that, in the aggregate, the dollar value of all salary continuation payments to be made under Section 8.2(d) will equal the Modified Limit; and 

(ii) the Company will make a single lump sum payment to Executive in an amount equal to the amount by which the Unreduced Amount exceeds
the Modified Limit. The Company will pay the amount, if any, provided for in this Section 8.2(e)(ii) to Executive during the period of 30 consecutive days that begins exactly six months after the Termination Date. 

 

 6 

 8.3 Upon Termination by Reason of Death or Disability. If Executive’s employment
under this Agreement is terminated by reason of his death or by the Company pursuant to Section 7.2 following Executive’s disability, the Company will pay and provide to Executive or to his personal representative the amounts specified in
this Section 8.3 and, except as may otherwise be required by law, the Company will not pay or provide to or on behalf of Executive any further compensation or other benefits under this Agreement after the Termination Date. The amounts and
benefits specified in this Section 8.3 are as follows: 
 (a) Executive’s Base Salary through the Termination Date, to
the extent not already paid. The Company will pay this amount to Executive or his personal representative, as the case may be, within 30 days of the Termination Date. 

(b) The amount of the Annual Bonus with respect to the immediately preceding calendar year, to the extent not already paid. The Company
will pay this amount to Executive or his personal representative, as the case may be, on the same date and in the same amount that the Annual Bonus for that year would have been paid if Executive’s employment had not been terminated, but in any
event not later than March 15 of the current year. 
 (c) If and only if the Termination Date is at least three full months
after the beginning of the MICP Bonus Year within which the Termination Date falls, a Pro Rata Annual Bonus determined in the same manner and payable at the same time as if the termination were by the Company without Cause and Section 8.2(c)
applied. 
 (d) Only in the case of termination for Disability, the Company will pay any amount due under the Company’s
salary continuation policy (which provides for payment of the difference between monthly benefits under the Company sponsored short term disability insurance and Executive’s Base Salary that would have been received for those months) except
that if any such monthly differential amount would, but for this Section 8.3(d) be paid later than March 15 of the year following the year in which the Termination Date occurs, the total of all amounts that would be so paid after that
March 15 will be accelerated and paid to Executive not later than that March 15. 
 9. Release. This Section 9 will apply
only upon termination of Executive’s employment by the Company without Cause or by Executive for Good Reason. 
 9.1
Presentation of Release by the Company. If this Section 9 applies, the Company may present to Executive, not later than 21 days after the Termination Date, a form of release (a “Release”) of all current and future claims, known
or unknown, arising on or before the date on which the Release is to be executed, that Executive or his assigns have or may have against the Company or any Subsidiary, and the directors, officers, and affiliates of any of them, in such form as may
reasonably be presented by the Company together with a covering message in which the Company advises Executive that the Release is being presented in accordance with this Section 9.1 and that a failure by Executive to execute and return the
Release as contemplated by Section 9.3 would relieve the Company of the obligation to make salary continuation payments or any lump sum payment under Section 8.2(d). 

9.2 Effect of Failure by the Company to Present Release. If the Company fails to present a Release and covering message to
Executive as contemplated by Section 9.1 within 21 days of the Termination Date, the Company will be deemed to have waived the requirement that Executive execute a Release as a condition to receiving salary continuation payments or any lump sum
payment under Section 8.2(d). 
  

 7 

 9.3 Execution of Release by Executive. If the Company does present a Release and
covering message to Executive as contemplated by Section 9.1 within 21 days of the Termination Date, Executive will have until 50 days after the Termination Date (i.e., at least 29 days after presentation of the Release to Executive) within
which to deliver an executed copy of the Release to the Company and thereby satisfy the condition to receiving salary continuation payments or any lump sum payment under Section 8.2(d), provided that Executive does not revoke the execution of
the Release during any applicable revocation period. 
 9.4 Effect of Failure to Execute Release or of Revocation of
Release. If, after the Company has timely presented a Release and covering message to Executive as contemplated by Section 9.1, Executive fails to deliver an executed copy of the Release to the Company within 50 days after the Termination
Date or revokes the execution of the Release during any applicable revocation period, Executive will be deemed to have waived the right to receive salary continuation payments or any lump sum payment under Section 8.2(d). 

10. No Obligation to Seek Other Employment or to Otherwise Mitigate Salary Continuation Payments. Executive will not be required to
mitigate the amount of any salary continuation payments under Section 8.2(d) by seeking other employment or otherwise and the amount of any such salary continuation payments will not be reduced by any compensation or benefits earned by
Executive as the result of employment by another employer or otherwise after the Termination Date. 
 11. Work Product. All inventions,
drawings, improvements, developments, methods, processes, programs, designs, and all similar or related information that 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 that are conceived, developed, contributed to, or made by Executive (either solely or jointly with others) while he is employed by the Company or any of its Subsidiaries (“Work Product”) will be
the sole and exclusive property of the Company or the relevant Subsidiary, as the case may be. Executive will promptly disclose any such Work Product to the Company and take such actions as may be 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). 

12. Covenants and Confidential Information. Executive acknowledges the Company’s reliance on and expectation of Executive’s commitment
to performance of his duties and responsibilities during the Contract Period and he assumes the obligations set out in this Section 12 in light of that reliance and expectation on the part of the Company. 

12.1 Confidentiality. Throughout the Contract Period and at all times thereafter, Executive will not disclose, divulge, discuss,
copy, or otherwise use or suffer to be used in any manner, in competition with, or contrary to the interests of, the Company, and will use his best efforts and diligence to safeguard and to protect against disclosure, misuse, espionage, loss, or
theft any and all confidential information relating to the Company’s operations, properties, or otherwise to its particular business or other trade secrets of the Company (“Confidential Information”), it being acknowledged by
Executive that all confidential information regarding the business of the Company compiled or obtained by, or furnished to Executive during his employment by or association with the Company is Confidential Information as defined in this
Section 12.1 and the Company’s exclusive property. 
 (a) The restrictions in this Section 12.1 will not apply to
any information to the extent that it (i) is clearly obtainable in the public domain, (ii) becomes obtainable in the public domain, except by reason of the breach by Executive of his obligations under this Section 12.1, (iii) was
not acquired by Executive in connection with his employment or affiliation with the Company, (iv) was not acquired by Executive from the Company or its representatives, or (v) is required to be disclosed by rule of law or by order of a
court or governmental body or agency. 
  

 8 

 (b) Upon the Termination Date or at any other time the Company may request, for whatever
reason, Executive will deliver (and in the event of the Executive’s death or Disability, his representative will deliver) to the Company all electronic 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 Confidential Information, Work Product, or the business of the Company or
any of its Subsidiaries that he may then possess or have under his control. If the Company requests, the Executive (or his representative) will provide written confirmation that Executive has returned all such materials to the Company and its
Subsidiaries. 
 (c) Upon the Termination Date or at any other time the Company may request, for whatever reason, Executive will
assign all rights, title, and interest in Confidential Information, Work Product, all electronic 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 Confidential Information, Work Product or the business of the Company or any of its Subsidiaries that Executive may then
possess, have under his control, or have ever developed, obtained, or contributed to during his tenure with the Company. 
 12.2
Nonsolicitation. During the Contract Period and for a period of one year thereafter through the first anniversary of the Termination Date, Executive will not directly or indirectly: (a) solicit or induce or attempt to solicit or induce
any employee of the Company and/or of any Subsidiary or affiliate to terminate his or her employment with the Company and/or any Subsidiary; (b) hire any person who was an employee of the Company or any of its Subsidiaries at any time during
Executive’s employment by the Company; or (c) induce or attempt to induce any customer, supplier, distributor, franchisee, licensee, or other individual or entity that has any business relationship with the Company or any of its
Subsidiaries to cease doing business with the Company or any of its Subsidiaries, or in any way interfere with the relationship between any such customer, supplier, distributor, franchisee, licensee, or other individual or entity and the Company or
any of its Subsidiaries. 
 12.3 Noncompetition. During the Contract Period and for a period of one year thereafter
through the first anniversary of the Termination Date, Executive will 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 individual or entity) in competition with the businesses of the Company or any of its Subsidiaries as such businesses (the “Businesses”) exist during the Executive’s employment with 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, except that this Section 12.3 will not prohibit Executive from owning not more than 2% of the outstanding
stock of a publicly traded corporation, so long as the Executive has no active participation in the business of that corporation. 
  

 9 

 12.4 Remedies; Attorney’s Fees. Executive acknowledges that the remedy at law
for any breach by him of this Section 12 may be inadequate and that the damages following from any such breach may not be readily susceptible to being measured in monetary terms. Accordingly, Executive agrees that, upon adequate proof of
Executive’s violation of any legally enforceable provision of this Section 12, (a) the Company will be entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach, and
(b) the Company will be entitled to recover from Executive its costs of any action (including reasonable attorneys’ and experts fees and expenses) brought to enforce, or recover damages with respect to any violation of, the provisions of
this Section 12. Nothing in this Section 12 will be deemed to limit the Company’s remedies at law or in equity for any breach by Executive of any of the provisions of this Section 12 that may be pursued or availed of by the
Company. 
 12.5 Acknowledgement. Executive has carefully considered the nature and extent of the restrictions upon him
and the rights and remedies conferred upon the Company under this Section 12, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition that otherwise would be unfair to the
Company, do not stifle the inherent skill and experience of Executive, would not operate as a bar to Executive’s sole means of support, are fully required to protect the legitimate interests of the Company, and do not confer a benefit upon the
Company disproportionate to the detriment to Executive. 
 13. Compliance with Section 409A. 

13.1 Six Month Delay on Certain Payments, Benefits, and Reimbursements. If Executive is a “specified employee” for
purposes of Section 409A of the Internal Revenue Code (“Section 409A”), as determined under the Company’s policy for determining specified employees on the Termination Date, each payment, benefit, or reimbursement paid or
provided under this Agreement that constitutes a “deferral of compensation” within the meaning of Section 409A, that is to be paid or provided as a result of a “separation from service” within the meaning of
Section 409A, and that would otherwise be paid or provided at any time (a “Scheduled Time”) that is on or before the date (the “Six Month Date”) that is exactly six months after the Termination Date (other than payments,
benefits, or reimbursements that are treated as separation pay under Section 1.409A-1(b)(9)(v) of the Treasury Regulations) will not be paid or provided at the Scheduled Time but will be accumulated (together with interest at the applicable
federal rate under Section 7872(f)(2)(A) of the Internal Revenue Code in effect on the Termination Date) through the Six Month Date and paid or provided during the period of 30 consecutive days beginning on the first business day after the Six
Month Date (that period of 30 consecutive days, the “Seventh Month after the Termination Date”), except that if Executive dies before the Six Month Date, the payments, benefits, or reimbursements will be accumulated only through the date
of his death and thereafter paid or provided not later than 30 days after the date of death. 
 13.2 Earlier Payment if Not a
Specified Employee. If Executive is not a “specified employee” for purposes of Section 409A (as determined under the Company’s policy for determining specified employees in effect on the Termination Date), any lump sum
payment to be made by the Company to Executive after the Termination Date (a) that constitutes a “deferral of compensation” within the meaning of Section 409A, (b) that is to be paid or provided as a result of a
“separation from service” within the meaning of Section 409A, and (c) that would otherwise (but for this Section 13) be paid or provided at a Scheduled Time that is on or before the Six Month Date will be paid by the Company
to Executive at the Scheduled Time rather than during the Seventh Month after the Termination Date. 
  

 10 

 13.3 Additional Limitations on Reimbursements and In-Kind Benefits. Any reimbursement
of expenses or in-kind benefits provided to Executive after the Termination Date under any section of this Agreement that are taxable benefits (and that are not disability pay or death benefit plans within the meaning of Section 409A) are
intended to comply, to the maximum extent possible, with the exception to Section 409A set forth in Section 1.409A-1(b)(9)(v) of the Treasury Regulations. To the extent that any reimbursement of expenses or in-kind benefits provided under
any section of this Agreement either do not qualify for that exception, or are provided beyond the applicable time periods set forth in Section 1.409A-1(b)(9)(v) of the Treasury Regulations, then they will be subject to the following additional
rules: (i) any reimbursement of eligible expenses will be paid within 30 days following Executive’s written request for reimbursement; provided that Executive provides written notice no later than 60 days before the last day of the
calendar year following the calendar year in which the expense was incurred so that the Company can make the reimbursement within the time periods required by Section 409A; (ii) the amount of expenses eligible for reimbursement, or in-kind
benefits provided, during any calendar year will not affect the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, during any other calendar year; and (iii) the right to reimbursement or in-kind benefits will not
be subject to liquidation or exchange for any other benefit. 
 13.4 Compliance Generally. Each payment or reimbursement
and the provision of each benefit under this Agreement shall be considered a separate payment and not one of a series of payments for purposes of Section 409A. The Company and Executive intend that the payments and benefits provided under this
Agreement will either be exempt from the application of, or comply with, the requirements of Section 409A. This Agreement is to be construed, administered, and governed in a manner that effects that intent and the Company will not take any
action that is inconsistent with that intent. Without limiting the foregoing, the payments and benefits provided under this Agreement may not be deferred, accelerated, extended, paid out, or modified in a manner that would result in the imposition
upon Executive of an additional tax under Section 409A. 
 13.5 Termination of Employment to Constitute a Separation from
Service. The parties intend that the phrase “termination of employment” and words and phrases of similar import mean a “separation from service” with the Company within the meaning of Section 409A. Executive and the
Company will take all steps necessary (including taking into account this Section 13.5 when considering any further agreement regarding provision of services by Executive to the Company after the Termination Date) to ensure that (a) any
termination of employment under this Agreement constitutes a “separation from service” within the meaning of Section 409A, and (b) the Termination Date is the date on which Executive experiences a “separation from
service” within the meaning of Section 409A. 
 13.6 References to the Internal Revenue Code and its Sections.
For purposes of this Agreement, the term “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended and references to any of Sections 409A, 280G, and 4999, are references to those respective sections of the Internal
Revenue Code. References in this Agreement to Section 409A are intended to include any proposed, temporary, or final regulations, or any other guidance, promulgated with respect to Section 409A by the U.S. Department of Treasury or the
Internal Revenue Service. 
 14. Survival of Obligations. Except as is otherwise expressly provided in this Agreement,
the respective obligations of the Company and Executive under this Agreement will survive any termination of Executive’s employment under this Agreement. 
  

 11 

 15. Notices. Notices and all other communications provided for in this Agreement must be
in writing and will be deemed to have been duly given: (a) when delivered in person (to the General Counsel of the Company in the case of notices to the Company and to Executive in the case of notices to Executive); (b) the first business
day after deposit with a nationally recognized overnight courier, properly addressed and charges prepaid; or (c) the third business day after mailing by United States registered or certified mail, return receipt requested, properly addressed
and postage prepaid. Notices to the Company will be properly addressed if addressed, as follows: 
 Global Power Equipment Group
Inc. 
 6120 South Yale, Suite 1480 

Tulsa, OK 74136 

Attention: General Counsel 

Telephone: 918.488.0828 

Notices to Executive will be properly addressed if addressed to Executive’s home address as communicated by Executive to the Company as of the
Effective Date. Either party may change the address to which notices are to be sent by courier or mailed by notice to the other in accordance with this Section 15. 

16. Entire Agreement. This Agreement contains the entire agreement and understanding between Executive and the Company on its subject matter and
supersedes any prior understandings, agreements, or representations by either party to the other, whether written or oral, relevant to the subject matter of this Agreement. 

17. Miscellaneous. 
 17.1
No Conflict. Executive represents and warrants that he is not a party to any agreement, contract, or understanding, whether employment or otherwise, that would restrict or prohibit him from undertaking or performing employment in accordance
with the terms and conditions of this Agreement. 
 17.2 Assistance. During the term of this Agreement and thereafter,
Executive will provide reasonable assistance to the Company in litigation and regulatory matters that relate to events that occurred during Executive’s period of employment with the Company. Executive will be entitled to reimbursement of
reasonable out-of-pocket travel or related costs and expenses relating to any such cooperation or assistance that occurs following the Termination Date. 

17.3 Severability. The provisions of this Agreement are severable and if any one or more provision is determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions and any partially unenforceable provision to the extent enforceable in any jurisdiction nevertheless will be binding and enforceable. 

17.4 Benefit of Agreement. The rights and obligations of the Company under this Agreement will inure to the benefit of, and will be
binding on, the Company and its successors and assigns, and the rights and obligations (other than obligations to perform services) of Executive under this Agreement will inure to the benefit of, and will be binding upon, Executive and his heirs,
personal representatives, and assigns. 
 17.5 No Waiver. The failure of either party to enforce any provision or
provisions of this Agreement will not in any way be construed as a waiver of any such provision or provisions as to any future violations thereof, nor prevent that party from later enforcing each and every other provision of this Agreement. The
rights granted the parties in this Agreement are cumulative and the waiver of any single remedy will not constitute a waiver of that party’s right to assert all other legal remedies available to it under the circumstances. 

 

 12 

 17.6 Modification. This Agreement may not be modified or terminated orally. No
modification or termination will be valid unless in writing and signed by the party against which the modification or termination is sought to be enforced. 

17.7 Governing Law and Venue. The provisions of this Agreement will be governed by and construed in accordance with the laws of the
State of Delaware applicable to contracts made in and to be performed exclusively within that State, notwithstanding any conflict of law provision to the contrary. The parties consent to venue and personal jurisdiction over them in the courts of the
State of Delaware and federal courts sitting in Delaware, for purposes of construing and enforcing this Agreement. 
 IN WITNESS WHEREOF, the
Company and Executive have executed this Agreement, the Company by a duly authorized representative, on the date first written above. 
  

					
		  	GLOBAL POWER EQUIPMENT GROUP INC.
			
	 /s/ David L. Keller
	  	By:	  	 /s/ Candice L. Cheeseman

	DAVID L. KELLER	  		  	Candice L. Cheeseman
		  		  	Vice President, General Counsel and Secretary

  

 13Amended and Restated Employment Agreement, John M. Matheson

 Exhibit 10.16 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is dated effective as of November 21, 2006 (the
“Effective Date”), by and among Global Power Equipment Group Inc., a Delaware corporation (the “Company”), and John M. Matheson (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; 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 Management Incentive Plan. 

 “Bonus Year” means an annual bonus period under the Management
Incentive 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 that the Executive is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
than three (3) months under an accident and health plan covering employees of the Company. 

“Effective Date” has the meaning set forth in the opening paragraph of this Agreement. 

“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. 
  

 2 

 “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 material reduction in the annual base salary of the Executive, a material reduction in the employee benefits granted to the Executive, or a material reduction in the Executive’s percentage participation in the Management Incentive
Plan or a material reduction in the Executive’s percentage participation in any New MIP from the percentage previously awarded to the Executive if and when a New MIP is approved and adopted, (ii) a material modification to the Management
Incentive Plan, which modification materially and adversely affects the determination of the Executive’s bonus for any calendar year for which such Management Incentive Plan is applicable, unless such modification is generally applicable to all
participants in the Management Incentive 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 requirement that the Executive be based at any office or location more than 50 miles from Tulsa, Oklahoma, or (iv) a removal of the Executive as President and Chief
Executive Officer of the Company by action of the Board without Cause, 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. 
 “Management Incentive Plan” or “MIP” means the Company’s 2008
Management Incentive Plan for the 2008 calendar year and thereafter until a New MIP is approved and adopted. 

“New MIP” means the Company’s Incentive Compensation Program or Plan approved and adopted by the Board to
be effective for any calendar year after 2008. 
 “Noncompete Period” has the meaning set forth in
Section 5(a) 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. 

 

 3 

 “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 of the Executive’s separation of service from the
Company or any of its Subsidiaries for reasons other than death, as determined under Section 409A of the Code and applicable guidance thereunder; provided, however, that in the event such determination cannot be made under such
Section 409A and/or guidance, “Termination Date” shall mean the date that the Executive ceases to be employed by the Company or any of its Subsidiaries for any reason other than death. 

“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 President and Chief Executive Officer of the Company under the supervision and direction of the Board and shall have the normal duties, responsibilities and authority of President and Chief Executive Officer 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 one board of a for-profit entity other than the Board or the board of directors of any Subsidiary of the Company, provided that such activity does 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. 
  

 4 

 (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 $446,250 per annum, effective January 1, 2009 (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) Subject to its
restrictions and conditions, including performance thresholds and metrics as set by the Board, the Management Incentive Plan with any awards thereunder to be set by the Board at a level of no less than a target bonus of 80% of salary (the actual
bonus may range from 40% to 160% depending on performance), it being understood and agreed that if the New MIP is not in place during any calendar year, the Executive will have substantially the same bonus opportunities as existed under the
Management Incentive Plan during the prior calendar year; and 
 (C) The Company’s Club Membership Policy
(which, subject to certain limitations, provides for payment of an initiation fee and monthly fees). 
  

 5 

 (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 three (3) years beginning as of the Effective Date and
ending on the third 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 “Employment Period.” Notwithstanding any termination of the Executive’s employment by the Company, 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 Termination Date (and not any accrued
but unpaid Bonus as of the Termination Date). 
  

 6 

 (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 Termination Date or date of death, (y) a portion of the
Bonus earned by the Executive during the 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 Termination Date or date of death as compared to the number of
days in such Bonus Year, which payment will be made on or before March 15th of the year after such Bonus Year and (z) any Bonus earned by the Executive during any Bonus Year which ended prior to the Termination Date or date of death and
which has not been paid as of such date, which payment will be made on or before March 15th of the year after such Bonus Year. 

(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 second and third sentences of Section 2(e)(iv), 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 Termination Date, (w) any Bonus earned by the Executive during any Bonus Year which ended prior to the Termination Date and which has not been paid as of such date, (x) his Base Salary and an amount equal to the
Company’s estimate of the cost of the Benefits marked on Exhibit A with an “#” (which estimate shall be based on the amounts incurred by the Company in connection with the provision of such Benefits) for the twelve month period
beginning on the Termination Date with respect to which the Executive takes all actions required to continue such Benefits; 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 Termination Date; provided, further, that in lieu of providing such benefits, the Company may elect to pay the Executive the cost of premiums for such benefits,
(y) an amount equal to the cost of the Benefits referred to in Section 2(c)(ii)(C) hereof for the three month period beginning on the Termination Date, and (z) the amount of any target Bonus which would have been earned by the
Executive during the 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 Termination Date as compared to the number of days in such Bonus Year. The
compensation payable pursuant to this Section 2(e)(iii) shall be paid within 60 days after the Termination Date. In addition, any equity interests held by Executive under a stock or similar plan of the Company shall vest on the Termination
Date. 
  

 7 

 (iv) Notwithstanding the payments or benefits set forth in Sections 2(e)(ii)
and 2(e)(iii), 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 Termination Date and shall not be extended on
account of payments made or reimbursed by the Company pursuant hereto. As a condition to receiving any payments pursuant to clauses (w) through (z) of 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. In the event the Executive does not execute and deliver such release to the Company before payment is required to be made pursuant to such clauses, the Executive shall forfeit his
right to receive any payments pursuant to such clauses. 
 (v) Except as expressly provided in this
Section 2(e), the Executive hereby agrees that upon and after the Termination Date, 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). 

(vi) Except as expressly provided in this Section 2(e), upon the Termination Date, except as required by law, all of
the Executive’s rights to Benefits hereunder (if any) shall cease. 
 (vii) Subject to restrictive covenants
contained in Section 5 hereof, the Executive may obtain other engagements or employment after the Termination Date, 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 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). 
  

 8 

 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 his 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; 
 (iii) That upon the Termination Date 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 
  

 9 

 (iv) That upon the Termination Date 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 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. 
  

 10 

 (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). 
 6. Indemnification. Executive shall be
entitled to indemnification by the Company pursuant to and in accordance with the Company’s Amended and Restated Bylaws. 

7. 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) 488-8389 
  

 11 

 To the Executive: 

to 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. 
 8. 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. Except as
specifically set forth herein, this Agreement does not supersede any agreements evidencing the grant of restricted stock, restricted stock units or long-term incentives to the Executive under the Company’s 2008 Management Incentive Plan or any
future equity 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. 
  

 12 

 (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. 
 [Signature Page to Follow] 

 

 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the 31st day of December, 2008, effective as of the
Effective Date. 
  

			
	GLOBAL POWER EQUIPMENT GROUP INC.
		
	By:	 	 /s/ Candice L.
Cheeseman

			
	Name:	 	Candice L. Cheeseman
	Title:	 	 Vice President of Administration, General

Counsel and Secretary

	
	 /s/ John M. Matheson

	John M. Matheson

  

 14 

 Exhibit A 

Benefits Schedule 

John M. Matheson 
  

			
	#	  	Medical Insurance
	#	  	Dental Insurance
		  	Long Term Disability
		  	Salary Continuation*
	#	  	Life Insurance
		  	Accidental Death & Dismemberment
	#	  	Travel Accident Insurance
		  	9 Paid Holidays Per Year
		  	4 Weeks Paid Vacation Per Year
		  	Profit Sharing Plan
		  	401(k) Plan
		  	Flexible Benefit Plan
		  	Preparation of Annual Taxes

  

	*	If disabled, the Company would pay the difference between his regular salary and the benefit Short Term Disability would pay for up to six months

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]