Document:

Employment Agreement

 Exhibit 10.1 
 BRIAN R. MORROW 
 AGREEMENT 

WITH 

STEIN MART, INC. 
 This Agreement (this “Agreement”) entered into in the City of Jacksonville and State of Florida between Stein Mart, Inc., a Florida corporation and its divisions,
subsidiaries and affiliates (the “Company”), and Brian R. Morrow (“Executive”), is made as of March 1, 2012 (the “Effective Date”). 

In consideration of the promises and mutual covenants contained herein, the parties, intending to be legally bound, agree as follows:

  

	SECTION 1.	TERM OF EMPLOYMENT 

 (a) Term. The Company agrees to employ Executive, and Executive agrees to be employed by the Company, for a period of two (2) year(s) beginning on the Effective Date (the
“Term”). 
  

	SECTION 2.	DEFINITIONS 

“Board of Directors” means the Board of Directors of Stein Mart, Inc. and any of its divisions, affiliates or
subsidiaries. 
 “Cause” means the occurrence of any one or more of the following: 

(a) Executive has been convicted of, or pleads guilty or nolo contendere to, a felony involving dishonesty, theft,
misappropriation, embezzlement, fraud crimes against property or person, or moral turpitude which negatively impacts the Company; or 
 (b) Executive intentionally furnishes materially false, misleading, or omissive information concerning a substantial matter to the Company or persons to whom the Executive reports; or 

(c) Executive intentionally fails to fulfill any assigned responsibilities for compliance with the Sarbanes-Oxley Act of
2002 or violates the same; or 
 (d) Executive intentionally and wrongfully damages material assets of the
Company; or 

 (e) Executive intentionally and wrongfully discloses material Confidential
Information of the Employer; or 
 (f) Executive intentionally and wrongfully engages in any competitive activity
which would constitute a material breach of the duty of loyalty; or 
 (g) Executive intentionally breaches any
stated material employment policy or any material provision of the Company’s Ethics Policy which could reasonably be expected to expose the Company to liability, or 

(h) Executive intentionally commits a material breach of this Agreement, or 

(i) Executive intentionally engages in acts or omissions which constitute failure to follow reasonable and lawful
directives of the Company, provided, however, that such acts or omissions are not cured within five (5) days following the Company’s giving notice to Executive that the Company considers such acts or omissions to be “Cause” under
this Agreement. 
 No act, or failure to act, on the part of Executive shall be deemed “intentional” if it was due primarily to an
error in judgment or negligence, but shall be deemed “intentional” only if done, or omitted to be done, by the Executive not in good faith and without reasonable belief that his action or omission was in or not opposed to the best
interests of the Company. Failure to meet performance standards or objectives shall not constitute Cause for purposes hereof. 

“Change in Control” means the occurrence of any of the following: (a) the Board approves the sale of all or
substantially all of the assets of the Company in a single transaction or series of related transactions; (b) the Company sells and/or one or more shareholders sells a sufficient amount of its capital stock (whether by tender offer, original
issuance, or a single or series of related stock purchase and sale agreements and/or transactions) sufficient to confer on the purchaser or purchasers thereof (whether individually or a group acting in concert) beneficial ownership of at least 35%
of the combined voting power of the voting securities of the Company; (c) the Company is party to a merger, consolidation or combination, other than any merger, consolidation or combination that would result in the holders of the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting
securities of the Company (or such surviving entity) outstanding immediately after such merger, consolidation or combination; or (d) a majority of the board of directors consists of individuals who are not Continuing Directors (for this
purpose, a Continuing Director is an individual who (i) was a director of the Company on July 1, 2008 or (ii) whose election or nomination as a 

  
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director of the Company is approved by a vote of at least a majority of the directors then comprising the Continuing Directors). For purposes hereof, the definition of a Change of Control shall
be construed and interpreted so as to comply with the definition contained in Code Section 409A. 

“Code” means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of the Code
shall be deemed to refer to any successor provision thereto and the regulations promulgated thereunder. 

“Commencement Date” means February 2, 2010, the date the Executive shall report for work and assume
Executive’s responsibilities hereunder. 
 “Compensation Committee” means the Company’s
Compensation Committee or, if no such committee exists, the term Compensation Committee shall mean the Company’s Board of Directors. 
 “Continuation Period” means a period following the Termination Date of the Executive’s employment with the company equal to: 

(a) twelve (12) months (i) following a termination by the Company due to a non-renewal of the Term of this Agreement under
§5(a) hereof, or (ii) following a termination by the Company without Cause or by the Executive for Good Reason under §5(b) hereof, or 
 (b) twenty-four (24) months following a termination (i) by the Company without Cause following a Change in Control under §5(f)(i) hereof, or (ii) by the Executive for Good Reason
following a Change in Control under §5(b) as the definition of Good Reason is expanded in §5(b)(i) hereof. 
 The Continuation Period
is zero months following (i) a termination by the Company for Cause, (ii) a termination by the Executive without Good Reason, or (iii) a failure of the Executive to accept the Company’s offer of renewal of the Term of this
Agreement under §5(a) hereof. 
 “Current Insurance Coverage” means medical, dental, life and
accident and disability insurance with coverage consistent with the lesser of (i) the coverage in effect at Executive’s termination, or (ii) the coverage in effect from time to time as applied to persons in positions similar to the
position held by Executive at the time of termination. 
 “Disability” means Executive’s incapacity
due to physical or mental illness or cause, which results in the Executive being unable to perform his duties with Company on a full-time basis for a period of six (6) consecutive months. Any dispute as to disability shall be conclusively
determined by written opinions rendered by two qualified 

  
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physicians, one selected by Executive, and one selected by Company; provided that if such opinions are conflicting, then such physicians shall select a mutually agreeable third physician whose
opinion shall be conclusive and binding. 
 “Earned Bonus” means the bonus paid, if any, pursuant to the
Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365. 

“Good Reason” means the occurrence of any one or more of the following: 

 

	 	(i)	a material and continuing failure to pay to Executive compensation and benefits (as described in Section 4) that have been earned, if any, by Executive,
except failure to pay or provide compensation or benefits that are in dispute between the Company and the Executive unless such failure continues following the resolution of such dispute; or 

 

	 	(ii)	a material reduction in Executive’s compensation or benefits (as described in Section 4) which is materially more adverse to the Executive than similar
reductions applicable to other executives of a similar level of status within the Company as Executive; or 

  

	 	(iii)	any failure by the Company to comply with any of the material provisions of this Agreement and which is not remedied by the Company within thirty (30) days after
receipt of notice thereof given by Executive; or 

  

	 	(iv)	any requirement that Executive perform duties that, in the good faith and reasonable professional judgment of Executive, after consultation with the Board of Directors
of the Company, are inconsistent with ethical or lawful business practices; or 

  

	 	(v)	Executive’s being required to relocate to a principal place of employment more than one-hundred (100) miles from his current principal place of employment in
Jacksonville, Florida during the Term unless the Company shall pay all reasonable costs and expenses related thereto; or 

  
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	 	(vi)	If following a Change in Control only, there occurs a material change in Executive’s duties, roles, or responsibilities. For purposes of this subsection,
“material change” shall be of such a character that a reasonable person serving in a like or similar executive capacity would feel compelled to resign from employment. Examples of “material change” include, but are not limited to
substantial reduction of Executive’s authority to make decisions relating to his or her business responsibilities; Executive being required to assume or perform substantially greater responsibilities (without additional compensation) than
previously required to perform; substantial reduction of Executive’s responsibilities for personnel matters relating to his or her business operations; substantial alteration or change in Executive’s work schedule; any restructuring or
reassignment of any of the Executive’s responsibilities, in a manner that diminishes them or is materially adverse to the Executive, from that which was in effect at the time of the Change in Control; and other substantial changes in
Executive’s terms or conditions of employment not related to Executive’s principal business responsibilities. Good Reason pursuant to this subsection shall not exist unless (a) the Executive’s “material change” has
existed for a period of at least six months; (b) Executive has consulted with management senior to Executive and his or her supervisor, in a good faith effort to resolve the issues giving Executive reason to believe a “material
change” has occurred; and (c) Executive gives written notice of Executive’s resignation for Good Reason under this paragraph within eight months following the commencement of the “material change”. 

“Termination Date” means the date of Executive’s termination of employment, or if the Executive continues to
provide services to Stein Mart, Inc. or its 409A affiliates following his termination of employment, such later date as is considered a separation from service from Stein Mart, Inc. and its 409A affiliates within the meaning of Code
Section 409A. For purposes of this Agreement, the Executive’s “termination of employment” shall be presumed to occur when Stein Mart, Inc. and the Executive reasonably anticipate that no further services will be performed by the
Executive for Stein Mart, Inc. and its 409A affiliates or that the level of bona fide services the Executive will perform as an employee of Stein Mart, Inc. and its 409A affiliates will permanently decrease to no more than 20% of the average level
of bona fide services performed by the Executive (whether as an employee or independent contractor) for Stein Mart, Inc. and its 409A affiliates over the immediately preceding 36-month period (or such lesser period of services). Whether the
Executive has experienced a termination of employment shall be determined by Stein Mart, Inc. in good faith and consistent with Section 409A of the Code. Notwithstanding the foregoing, if the Executive takes a leave of absence for purposes of
military leave, sick leave or other bona fide reason, the Executive will not be deemed to have experienced a termination of employment for the first six (6) months of the leave of absence, or if longer, for so

  
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long as the Executive’s right to reemployment is provided either by statute or by contract, including this Agreement; provided that if the leave of absence is due to a medically
determinable physical or mental impairment that can be expected to result in death or last for a continuous period of not less than six (6) months, where such impairment causes the Executive to be unable to perform the duties of his position of
employment or any substantially similar position of employment, the leave may be extended by Stein Mart, Inc. for up to 29 months without causing a termination of employment. For purposes hereof, the term “409A affiliate” means each entity
that is required to be included in Stein Mart, Inc.’s controlled group of corporations within the meaning of Section 414(b) of the Code, or that is under common control with Stein Mart, Inc. within the meaning of Section 414(c) of the
Code; provided, however, that the phrase “at least 50 percent” shall be used in place of the phrase “at least 80 percent” each place it appears therein or in the regulations thereunder. 

 

	SECTION 3.	TITLE, POWERS AND RESPONSIBILITIES 

 (a) Title. Executive shall be an Executive Vice-President and Chief Merchandising Officer of the Company or such other title as designated by the Chief Executive Officer or the
Company’s Board of Directors. Executive shall assume those duties on the Commencement Date. 
 (b) Powers
and Responsibilities. 
  

	 	(i)	Executive shall use Executives best efforts to faithfully perform the duties of his employment and shall perform such duties as are usually performed by a person
serving in Executive’s position with a business similar in size and scope as the Company and such other additional duties as may be prescribed from time to time by the Company which are reasonable and consistent with the Company’s
operations, taking into account officer’s expertise and job responsibilities. Executive agrees to devote Executive’s full business time and attention to the business and affairs of the Company. Executive shall serve on such boards and in
such offices of the Company or its subsidiaries as the Company’s Board of Directors reasonably requests without additional compensation. 

  

	 	(ii)	Executive, as a condition to his employment under this Agreement, represents and warrants that he can assume and fulfill responsibilities described in
Section 3(b)(i) without any risk of violating any non-compete or other restrictive covenant or other agreement to which he is a party. During the Employment Term Executive shall not enter into any agreement that would preclude, hinder or impair
his ability to fulfill responsibilities described in Section 3(b)(i) specifically or this Agreement generally. 

  
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	SECTION 4.	COMPENSATION AND BENEFITS 

 (a) Annual Base Salary. Executive’s base salary shall be $552,636.00 per year (“Annual Base Salary”) beginning on the Commencement Date, which amount may be
periodically reviewed at the discretion of the Compensation Committee. The Annual Base Salary and any payments to the Executive during any Continuation Period shall be payable in accordance with the Company’s standard payroll practices and
policies (unless otherwise expressly provided herein) and shall be subject to such withholdings as required by law or as otherwise permissible under such practices or policies. 

(b) Earned Bonus; Incentive Compensation; Executive shall be eligible to receive an Earned Bonus. Executive shall
also be eligible to participate in such annual and long term incentive plans as are in effect from time to time as applicable to persons at Executive’s level of authority and position. Nothing in this Section 4(b) guarantees that any
Earned Bonus or other incentive compensation will be paid. 
 (c) Employee Benefit Plans. Executive shall
be entitled to receive the benefits described in Schedule A attached hereto, if and for as long as the Company sponsors such plans and such plans remain in effect for other executives with the same level of status as Executive. 

(d) Stock Options. The Board of Directors, in its discretion, may grant rights to Executive under the Stein Mart,
Inc. Omnibus Plan (the “Option Plan”) on terms set by the Board of Directors or the Compensation Committee. 
 (e) Deferred Compensation. Executive will participate in the Stein Mart Executive Deferred Compensation Plan (the “Deferred Compensation Plan”). The Company reserves the
right to alter, modify, revise or eliminate the Deferred Compensation Plan provided that any such change to the terms will apply to Executive and similarly situated participants. 

(f) Vacation, Holidays and Salary Continuation. Executive shall receive a total of 27 days of paid vacation, or
holidays on a pro rata basis during any 365 day period of the Term. The amount may be adjusted in accordance with the Company’s standard policy or as directed by the Company’s Board of Directors. Any vacation or holiday leave time
not used during any 365 day period of the Term will not carry forward to the next 365 period and will be forfeited. 
 (g) Expense Reimbursements. Executive shall have the right to expense reimbursements in accordance with the Company’s standard policy on expense reimbursements as in effect from time to time.

  
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 (h) Indemnification. With respect to Executive’s acts or
failures to act during his employment in his capacity as an officer, employee or agent of the Company, Executive shall be entitled to indemnification from the Company, and to liability insurance coverage (if any), on the same basis as other officers
of the Company. Executive shall be indemnified by Company, and Company shall pay Executive’s related expenses when and as incurred, all to the full extent permitted by law. Subject to applicable law, the Company reserves the right to
discontinue indemnification in the event the Company determines that the Executive has breached this Agreement or the Executive has advances, or intends to advance, a business or legal position contrary to the Company’s interests.
Notwithstanding the foregoing, Executive shall not be entitled to any indemnification if a judgment or other final adjudication establishes that any act or omission of Executive was material to the cause of action so adjudicated and that such act or
omission constituted: (i) a criminal violation, unless Executive had reasonable cause to believe that Executive’s conduct was lawful or had no reasonable cause to believe that such conduct was unlawful, (ii) a transaction from which
Executive derived an improper personal benefit, or (iii) willful misconduct or a conscious disregard for the best interests of the Company. 
 (i) Automobile Allowance. The Company will pay Executive $1,100 per month (paid quarterly) which shall be used for the lease, purchase, maintenance and/or operation of a vehicle that Executive is
to use for business travel or may use for personal travel. Executive shall be solely responsible for any taxes associated with the automobile allowance afforded to him. 

(j) Other Perquisites. The Company will provide Executive with such other perquisites as may be made generally
available to others in a similar level of executive position within the Company. 
  

	SECTION 5.	TERMINATION OF EMPLOYMENT 

 (a) General; Non- Renewal. The Board of Directors shall have the right to terminate Executive’s employment and this Agreement at any time with or without Cause, and Executive shall have the
right to terminate his employment and this Agreement at any time with or without Good Reason; provided that obligations under this Section 5, Section 6 and Section 7 shall survive termination of the Agreement. The Board of
Directors may delegate its powers to terminate the Executive to the persons to whom the Executive reports. In the event the Company elects not to renew the Executive’s employment following the end of the Term with compensation and benefits not
materially less advantageous to the Executive than those set forth in this Agreement, but the Executive is willing and able to enter into a renewal of this Agreement with compensation and benefits not materially less advantageous to the

  
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Executive than those set forth in this Agreement, then upon termination of the Executive’s employment, (i) the Company shall pay the Executive his normal base twelve (12) months
salary over a six month period beginning six (6) months following the Termination Date (subject in each case to such withholdings as required by law), and (ii) the Company shall continue until the earlier to occur of the end of the
Continuation Period or until such time as the Executive commences a new job, to maintain in effect for such Executive at the Company’s cost the Executive’s Current Insurance Coverage; provided that if the taxable value of the
continued life and accident and disability coverage to Executive during the first six (6) months following the Termination Date exceeds the annual dollar limit in effect under Code Section 402(g)(1)(B) for the year of such termination,
then the Executive shall pay the premiums in excess of such limit for such coverage during such six (6)-month period and after the end of such six (6)-month period, the Company shall reimburse the Executive for the amount of the premiums paid by the
Executive, without interest thereon. If the Company intends to offer to renew the Executive’s employment following the end of the Term it will present its offer no later than thirty (30) days before the end of the Term. If the offer
contains compensation and benefits not materially less advantageous to the Executive than those set forth in this Agreement and the Executive does not accept that offer within thirty (30) days following the offer having been made, then
upon the expiration of the then current Term of this Agreement, the Executive shall be deemed to have terminated his or her employment without Good Reason. 
 (b) Termination by Board of Directors without Cause or by Executive for Good Reason. If (i) the Board of Directors terminates Executive’s employment without Cause, or (ii) Executive
resigns for Good Reason, then in either of those circumstances, the Company’s only obligation to Executive under this Agreement (except as provided in §5(f) hereof) shall be to pay Executive his earned but unpaid base salary, if any, up to
the date of his termination of employment, plus 100% of his current total Annual Base Salary as specified in Section 4(a) (subject to such withholdings as required by law) payable in periodic payments (consistent with the payroll periods then
in effect) for twelve (12) consecutive months beginning six (6) months following the Termination Date. During the Continuation Period the Executive shall also continue to receive, at the Company’s cost, the Current Insurance Coverage;
provided that if the taxable value of the continued life and accident and disability coverage to Executive during the first six (6) months following the Termination Date exceeds the annual dollar limit in effect under Code
Section 402(g)(1)(B) for the year of such termination, then the Executive shall pay the premiums in excess of such limit for such coverage during such six (6)-month period and after the end of such six (6)-month period, the Company shall
reimburse the Executive for the amount of the premiums paid by the Executive, without interest thereon. 

  
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 (c) Termination by the Board of Directors for Cause or by Executive
without Good Reason. If the Board of Directors of the Company terminates Executive’s employment for Cause or Executive resigns without Good Reason, the Company’s only obligation to Executive under this Agreement shall be to pay
Executive his earned but unpaid base salary, if any, up to the date of his termination of employment, and the Company shall have no obligation to pay any Earned Bonus with respect to the year during which the Termination Date occurs. The Company
shall only be obligated to make such payments and provide such benefits under any employee benefit plan, program or policy in which Executive was a participant as are explicitly required to be paid to Executive by the terms of any such benefit plan,
program or policy following the Termination Date. 
 (d) Termination for Disability. Subject to the
definitions and requirements of Section 2 (“Disability”), after six (6) consecutive months of such disability leave of absence, Executive’s service may be terminated by Company. In the event Executive is terminated from
employment due to Disability, the Company shall: 
 (i) pay Executive his Annual Base Salary through the end of the month in
which his employment terminates as soon as practicable after his employment terminates; provided that if such payment exceeds the applicable dollar amount in effect under Code Section 402(g)(1)(B) for the year in which such termination
occurs, then the payment in excess of such applicable dollar amount shall be paid following six (6) months after the Executive’s Termination Date; 
 (ii) pay Executive his Earned Bonus, pro rata and if any, for the fiscal year in which such termination of employment occurs, which amount shall be paid at the same time the Earned Bonus would have
been paid had Executive remained in employment; 
 (iii) pay Executive an additional nine (9) months of compensation at the
then-Annual Base Salary, which aggregate amount shall be payable in equal semi-monthly installments beginning not earlier than six (6) months following the Termination Date and continuing for nine (9) months thereafter; 

(iv) pay or cause the payment of benefits to which Executive is entitled under the terms of any disability plan of the Company covering
the Executive at the time of such Disability: 
 (v) pay premiums for COBRA coverage as provided in Section 5(g);

  
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 (vi) make such payments and provide such benefits as otherwise called for under the terms
of each other employee benefit plan, program and policy in which Executive was a participant; provided no payments made under Section 5(d)(ii) or Section 5(d)(iii) shall be taken into account in computing any payments or benefits described
in this Section 5(d)(iv); and 
 (vii) in the event the Executive has any options or restricted shares (but excluding
“performance shares” which shall be governed by the terms set forth in the grant as to such shares) which are not vested on the date of termination for Disability, then pay to the Executive (i) as to any unvested options, the net
value of the excess, if any, of the closing price of the Company’s shares on the NASDAQ for the day on which the termination due to Disability occurs and the exercise price of such unvested options multiplied by the number of shares subject to
options which failed to vest; and (ii) as to any unvested restricted shares, the value of the closing price of the Company’s shares on the NASDAQ for the day on which the termination due to Disability occurs multiplied by the number of
restricted shares, if any, which failed to vest due to such termination of employment for Disability. 
 Notwithstanding the
Executive’s Disability, during the period of Disability leave, Executive shall be paid in full (net of insurance) as if he or she were actively performing services. Executive agrees to simultaneously utilize available leave under the Family and
Medical Leave Act of 1993 during such disability leave of absence. During the period of such Disability leave of absence, the Board of Directors may designate someone to perform Executive’s duties. Executive shall have the right to return to
full-time service so long as he is able to resume and faithfully perform his full-time duties. 
 (e) Death. If
Executive’s employment terminates as a result of his death, the Company shall: 
 (i) pay to
Executive’s estate his Annual Base Salary through the end of the month in which his employment terminates as soon as practicable after his death; 
 (ii) pay to Executive’s estate his Earned Bonus, when actually determined, for the year in which Executive’s death occurs; 

  
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 (iii) make such payments and provide such benefits as otherwise called for
under the terms of each other employee benefit plan, program and policy in which Executive was a participant; provided no payments made under Section 5(e)(ii) shall be taken into account in computing any payments or benefits described in this
Section 5(e)(iii); and 
 (iv) in the event the Executive has any options or restricted shares (but
excluding “performance shares” which shall be governed by the terms set forth in the grant as to such shares) which are not vested on the date of termination for death, then pay to the Executive’s estate (i) as to any unvested
options, the net value of the excess, if any, of the closing price of the Company’s shares on the NASDAQ for the day on which the death occurred and the exercise price of such unvested options multiplied by the number of shares subject to
options which failed to vest; and (ii) as to any unvested restricted shares, the value of the closing price of the Company’s shares on the NASDAQ for the day on which the death occurred multiplied by the number of restricted shares, if
any, which failed to vest due to such termination of employment for death. 
 Any amounts payable to Executive under this
Agreement which are unpaid at the date of Executive’s death or payable hereunder or otherwise by reason of his death, shall be paid in accordance with the terms of this Agreement to Executive’s estate; provided that if there is a
specific beneficiary designation in place for any specific amount payable, then payment of such amount shall be made to such beneficiary. 
 (f) Change in Control. If a Change in Control occurs, then for a period beginning on the occurrence of the Change in Control and ending two years following that occurrence (the “Post Change
in Control Period”): 
 (i) In addition to the other events constituting Good Reason under this
Agreement, the following shall also constitute Good Reason: if the Executive is willing and able to continue employment with the Company but the Company exercises its right to either not renew this Agreement, or only offers to renew this Agreement
only under conditions or terms which would constitute a “material change” (as that term is defined in the definition of Good Reason), provided, however, that notice of exercise of the Executive’s termination for Good Reason
must be received by the Company during the Post Change in Control Period and not later than thirty (30) days after the Company exercises its right not to renew this Agreement or to renew the Agreement only on terms which would constitute a
“material change”; and 

  
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 (ii) In the event of termination of the Executive’s employment with the
Company pursuant to §5(b) hereof either by the Company without Cause, or by the Executive for Good Reason (as such term is expanded to include the circumstances described in §5(f)(i) above), with notice of such termination given within the
Post Change in Control Period, then the Executive shall receive the following (the “CIC Severance Payments”) in a lump sum payable in funds immediately available in Jacksonville, Florida not earlier than six (6) months
following the Termination Date and not later than seven (7) months following Termination Date: an amount equal to 200% of the sum of (A) the total of severance payments (other than continued insurance coverage) provided under §5(b) of
this agreement (and in lieu thereof), and (B) the Earned Bonus in the year of the Termination Date. For purposes of this subsection (f) Earned Bonus shall not be prorated and shall be an amount equal to “Target” bonus as defined
in the Company’s incentive compensation plan in effect from time to time. 
 (g) Benefit
Continuation. Provided Executive is eligible for COBRA coverage, and has not been terminated from employment for Cause or resigned without Good Reason, then the Company shall pay the Executive’s COBRA premiums commencing on the date of the
Executive’s termination of employment and continuing for the applicable Continuation Period in order to continue Executive’s health insurance coverage and maintain such coverage in effect; provided that following the end of the COBRA
continuation period, if Executive’s health insurance coverage is provided under a health plan that is subject to Code Section 105(h), benefits payable under such health plan shall comply with the requirements of Treasury Regulation
Section 1.409A-3(i)(1)(iv) and, if necessary, the Company shall amend such health plan to comply therewith. 

(h) Relinquishment of Corporate Positions. Executive shall automatically cease to be an officer and/or director of
the Company and its affiliates as of his date of termination of employment. 
 (i) Limitation. Anything in
this Agreement to the contrary notwithstanding, Executive’s entitlement to or payments under any other plan or agreement shall be limited to the extent necessary so that no payment to be made to Executive on account of termination of his
employment with the Company will be subject to the excise tax imposed by Code Section 4999, but only if, by reason of such limitation, Executive’s net after tax benefit shall exceed the net after tax benefit if such reduction were not
made. “Net after tax benefit” shall mean (i) the sum of all payments and benefits that Executive is then entitled to receive under any section of this Agreement or other plan or agreement that would constitute a “parachute
payment” within the meaning of Section 280G of the Code, less (ii) the amount of 

  
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federal income tax payable with respect to the payments and benefits described in clause (i) above calculated at the maximum marginal income tax rate for each year in which such payments and
benefits shall be paid to Executive (based upon the rate in effect for such year as set forth in the Code at the time of the first payment of the foregoing), less (iii) the amount of excise tax imposed with respect to the payments and benefits
described in clause (i) above by Section 4999 of the Code. Any limitation under this Section 5(i) of Executive’s entitlement to payments shall be made in the manner and in the order directed by Executive. 

 

	SECTION 6.	COVENANTS BY EXECUTIVE 

 (a) Company Property. Upon the termination of Executive’s employment for any reason, Executive shall promptly return all Company Property which had been entrusted or made available to
Executive by the Company. “Property” means all records, files, memoranda, communication, reports, price lists, plans for current or prospective business operations, customer lists, drawings, plans, sketches, keys, codes,
computer hardware and software and other property of any kind or description prepared, used or possessed by Executive during Executive’s employment by the Company (and any duplicates of any such Property) together with any and all information,
ideas, concepts, discoveries, processes, intellectual property, inventions and the like conceived, made, developed or acquired at any time by Executive individually or with others during Executive’s employment which relate to the Company or its
products or services or operations. 
 (b) Trade Secrets. Executive agrees that Executive shall hold in a
fiduciary capacity for the benefit of the Company and shall not directly or indirectly use or disclose any Trade Secret that Executive may have acquired during the term of Executive’s employment by the Company for so long as such information
remains a Trade Secret. “Trade Secret” means information, including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing or a process
that (1) derives economic value, actual or potential, from not being generally known to, and not being generally readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and (2) is
the subject of reasonable efforts by the Company to maintain its secrecy. This Section 6(b) is intended to provide rights to the Company which are in addition to, not in lieu of, those rights the Company has under the common law or applicable
statutes for the protection of trade secrets. 
 (c) Confidential Information. During the Employment Term
and continuing thereafter indefinitely, Executive shall hold in a fiduciary capacity for the benefit of the Company, and shall not directly or indirectly use or disclose, any Confidential Information that Executive may have acquired (whether or not
developed or 

  
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compiled by Executive and whether or not Executive is authorized to have access to such information) during the term of, and in the course of, or as a result of Executive’s employment by the
Company without the prior written consent of the Board of Directors unless and except to the extent that such disclosure is (i) made in the ordinary course of Executive’s performance of his duties under this Agreement or (ii) required
by any subpoena or other legal process (in which event Executive will give the Company prompt notice of such subpoena or other legal process in order to permit the Company to seek appropriate protective orders). “Confidential
Information” means any secret, confidential or proprietary information possessed by the Company or any of its subsidiaries or affiliates, including, without limitation, trade secrets, customer or supplier lists, details of client or
consultant contracts, current and anticipated customer requirements, pricing policies, price lists, market studies, business plans, operational methods, marketing plans or strategies, advertising campaigns, information regarding customers or
suppliers, computer software programs (including object code and source code), data and documentation data, base technologies, systems, structures and architectures, inventions and ideas, past current and planned research and development,
compilations, devices, methods, techniques, processes, financial information and data, business acquisition plans and new personnel acquisition plans and the terms and conditions of this Agreement that has not become generally available to the
public. 
 (d) Remedies. Executive recognizes that his duties will entail the receipt of Trade Secrets and
Confidential Information as defined in this Section 6. Those Trade Secrets and Confidential Information have been developed by the Company at substantial cost and constitute valuable and unique property of the Company. Accordingly, the
Executive acknowledges that protection of Trade Secrets and Confidential Information is a legitimate business interest. If the Executive shall breach the covenants contained in this Section 6, the Company shall have no further obligation to
make any payment to the Executive pursuant to this Agreement and may recover from the Executive all such damages as it may be entitled to at law or in equity. In addition, the Executive acknowledges that any such breach is likely to result in
irreparable harm to the Company. The Company shall be entitled to specific performance of the covenants in this Section 6, including entry of a temporary restraining order in state or federal court, preliminary and permanent injunctive relief
against activities in violation of this Section 6, or both, or other appropriate judicial remedy, writ or order, in addition to any damages and legal expenses which the Company may be legally entitled to recover. Executive acknowledges and
agrees that the covenants in this Section 6 shall be construed as agreements independent of any other provision of this Agreement or any other agreement between the Company and Executive, and that the existence of any claim or cause of action
by Executive against the Company, whether predicated upon this Agreement or any other agreement, shall not constitute a defense to the enforcement by the Company of such covenants. 

  
 15 

 (e) Non-Solicitation. During the Employment Term and for a period of
two years hereafter (such period is referred to as the “No Recruit Period”), the Executive will not solicit, either directly or indirectly, any person that he knows or should reasonably know to be an employee of the Company, whether any
such employees are now or hereafter through the No Recruit Period so employed or engaged to terminate their employment with the Company. The foregoing is not intended to limit any legal rights or remedies that any employee of the Company may have
under common law with regard to any interference by Executive at any time with the contractual relationship the Company may have with any of its employees. 
 (f) Reasonable and Continuing Obligations. Executive agrees that Executive’s obligations under this Section 6 are obligations which will continue beyond the date Executive’s
employment terminates and that such obligations are reasonable, fair and equitable in scope. The terms and duration are necessary to protect the Company’s legitimate business interests and are a material inducement to the Company to enter into
this Agreement. Executive further acknowledges that the consideration for this Section 6 is his employment or continued employment. Executive will not be paid any additional compensation during this Restricted Period for application or
enforcement of the restrictive covenants contained in this Section 6. 
 (g) Work Product. The term
“Work Product” includes any and all information, programs, concepts, processes, discoveries, improvements, formulas, know-how and inventions, in any form whatsoever, relating to the business or activities of the Company, or resulting from
or suggested by any work developed by the Executive in connection with the Company, or by the Executive at the Company’s request. Executive acknowledges that all Work Product developed during the Term is property of the Company and accordingly,
Executive does hereby irrevocably assign all Work Product developed by the Executive to the Company and agrees: (a) to assign to the Company, free from any obligation of the Company to the Executive, all of the Executive’s right, title and
interest in and to Work Product conceived, discovered, researched, or developed by the Executive either solely or jointly with others during the term of this Agreement and for three (3) months after the termination or nonrenewal of this
Agreement; and (b) to disclose to the Company promptly and in writing such Work Product upon the Executive’s acquisition thereof. 

  
 16 

	SECTION 7.	MISCELLANEOUS 

 (a) Notices. Notices and all other communications shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by United States registered or certified
mail. Notices to the Company shall be sent to: 
 STEIN MART, INC 

Attention: General Counsel 
 1200 Riverplace Boulevard, 10th Floor 
 Jacksonville, FL 32207 

Facsimile: (904) 346-1297 
 Notices and communications to Executive shall be sent to the address Executive most recently provided to the Company. 

(b) No Waiver. No failure by either the Company or Executive at any time to give notice of any breach by the other
of, or to require compliance with, any condition or provision of this Agreement shall be deemed a waiver of any provisions or conditions of this Agreement. 
 (c) Governing Law. This Agreement shall be governed by Florida law without reference to the choice of law principles thereof. 

(d) Assignment. This Agreement shall be binding upon and inure to the benefit of the Company and any successor in
interest to the Company or any segment of such business. The Company may assign this Agreement to any affiliate or successor that acquires all or substantially all of the assets and business of the Company or a majority of the voting interests of
the Company. The Company will require any successor (whether direct or indirect, by operation of law, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of Company) to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean Company as defined above and, unless
the context 

  
 17 

 
otherwise requires, any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. Executive’s rights and
obligations under this Agreement are personal and shall not be assigned or transferred. 
 (e) Other
Agreements. This Agreement replaces and merges any and all previous agreements and understandings regarding all the terms and conditions of Executive’s employment relationship with the Company, and this Agreement constitutes the entire
agreement between the Company and Executive with respect to such terms and conditions. 
 (f) Amendment.
No amendment to this Agreement shall be effective unless it is in writing and signed by the Company and by Executive. 
 (g) Invalidity and Severability. If any part of this Agreement is held by a court of competent jurisdiction to be invalid or otherwise unenforceable, the remaining part shall be unaffected and
shall continue in full force and effect, and the invalid or otherwise unenforceable part shall be deemed not to be part of this Agreement. 
 (h) Litigation. In the event that either party to this Agreement institutes litigation against the other party to enforce his or its respective rights under this Agreement, each party shall pay its
own costs and expenses incurred in connection with such litigation. As a material part of the consideration for this Agreement, BOTH PARTIES HERETO WAIVE ANY RIGHT TO A TRIAL BY A JURY in the event of any litigation arising from this Agreement. All
legal actions arising out of or connected with this Agreement must be instituted solely in the Circuit Court of Duval County, Florida, or in the Federal District Court for the Middle District of Florida, Jacksonville Division, and all parties hereto
do hereby agree to submit to the exclusive personal jurisdiction of such courts. Each of the parties hereby expressly and irrevocably submits to the jurisdiction of such courts for the purposes of any such action and expressly and irrevocably
waives, to the fullest extent permitted by law, any objection which it may have or hereafter may have to the laying of venue of any such action brought in any such court and any claim that any such action has been brought in an inconvenient forum.

 (i) Counterparts. This Agreement may be executed in counterparts each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 

  
 18 

 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement effective
as of the Effective Date. 
  

							
	STEIN MART, INC.	 		 	EXECUTIVE
				
	By:	 	 /s/ D. Hunt Hawkins
	 		 	 /s/ Brian R. Morrow

	Name:	 	D. Hunt Hawkins	 		 	Brian R. Morrow
	Title: EVP, Chief Operating Officer	 		 	
	Date: 4/12/12	 		 	Date: 4/12/12

  
 19 

 SCHEDULE A 

BENEFITS 
  

	1.	Retirement Plan/Life Insurance/AD&D 

 The Executive shall be entitled to participate in all retirement plans and will be entitled to life insurance and AD&D benefits which other senior executives of the Company or affiliates of the
Company are eligible. 
  

	2.	Long-Term Disability 

 The
Executive shall be entitled to participate in all Long-Term and Life Time Disability plans which other senior executives of the Company or affiliates of the Company are eligible. 

 

	3.	Medical/Dental Benefits 

The Executive shall be entitled to medical/dental benefits which other senior executives of the Company or affiliates of the Company are
eligible. 
  

	4.	Unavoidable Change in Travel Arrangements 

 In the event Executive has arranged for travel between Jacksonville and Los Angeles, the Company will reimburse Executive for any change fees or fare increases resulting from any change in
Executive’s itinerary made at the request of the Company. 

  
 A-1EX-10.3

 Exhibit 10.3 

[EnerNOC Letterhead] 

March 1, 2010 
 Timothy G. Healy

 c/o EnerNOC, Inc. 
 101 Federal
Street 
 Suite 1100 
 Boston, MA
02110 
 This letter is to confirm our understanding with respect to your continued employment by EnerNOC, Inc. (the
“Company”) and supersedes in its entirety the Amended and Restated Employment Agreement entered into by you and the Company dated August 10, 2007, as further amended February 21, 2008 (the “Prior Employment Agreement”).

 In consideration of the mutual promises and covenants contained in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby mutually acknowledged, we have agreed, effective March 1, 2010, as follows: 
 1. Employment. 
 (a) Subject to the terms and
conditions of this Agreement, the Company will employ you, and you will be employed by the Company and/or any Company affiliate (collectively referred to herein as the “Company Group”) designated by the Company, as Chief Executive Officer
reporting to the Board of Directors. You will have the responsibilities, duty and authority commensurate with the position of Chief Executive Officer. You will also perform such other and/or different services for the Company as may be
assigned to you from time to time by the Board of Directors. 
 (b) Devotion to Duties. While
you are employed hereunder, you will use your best efforts, skills and abilities to perform faithfully all duties assigned to you pursuant to this Agreement and to devote your full business time and energies to the business and affairs of the
Company Group. While you are employed hereunder, you will not undertake any other employment from any person or entity without the prior written consent of the Company. 
 2. Employment At Will. Your employment hereunder will be on an “at-will” basis and may be terminated by the Company or by you for any reason or for no reason. 

 3. Compensation. 

(a) Base Salary. During the period that you are employed by the Company, the Company will pay you a base
salary at the annual rate of $400,000, which amount may be adjusted upwards in the sole discretion of the Board of Directors or its designee (the “Base Salary”). The Base Salary will be payable in substantially equal
installments in accordance with the Company’s payroll practices as in effect from time to time. The Company will deduct from each such installment all amounts required to be deducted or withheld under applicable law or under any employee
benefit plan in which you participate. You understand and acknowledge that the annualized amount of the Base Salary is set forth as a matter of convenience and does not constitute nor will be deemed to constitute an agreement by the
Company to employ you for any specific period of time. 
 (b) Annual Performance Bonus. You will
be eligible to receive an annual performance bonus in accordance with the 2010 Executive Officer Bonus Plan (or, if applicable, any successor plan) equal to a percentage of your Base Salary (the “Target Annual Performance Bonus”), but
which the actual amount paid will be based on whether you achieve performance goals that are identified by the Company in accordance with the then applicable bonus plan. 

(c) Fringe Benefits. You will be entitled to participate in any employee benefit plans which the Company
provides or may establish for the benefit of its executives generally (for example, group life, disability, medical, dental and other insurance, retirement, pension, profit-sharing and similar plans) (collectively, the “Fringe Benefits”),
provided that the Fringe Benefits will not include any stock option or similar plans relating to the grant of equity securities of the Company. Your eligibility to participate in the Fringe Benefits and receive benefits thereunder will be
subject to the plan documents governing such Fringe Benefits. Nothing contained herein will require the Company to establish or maintain any Fringe Benefits. 

(d) Reimbursement of Expenses. Upon presentation of documentation of such expenses reasonably
satisfactory to the Company, the Company will reimburse you for all ordinary and reasonable out-of-pocket business expenses, including parking expenses, that are reasonably incurred by you in furtherance of the Company’s business in accordance
with the Company’s policies with respect thereto as in effect from time to time; provided, however, all reimbursements will be made by March 15th of the year after the year in which the expenses are incurred. 

4. Payments Upon Termination. 
 (a) In the event of the termination of your employment hereunder for any reason or for no reason, the Company (a) will pay to you (or to your estate) (i) the portion of your Base Salary
that has accrued prior to such termination and has not yet been paid, and (ii) an amount equal to the value of your accrued unused vacation days; and (b) will reimburse you for expenses properly incurred by you on behalf of the Company
prior to such termination 

 and properly documented in accordance with
Section 3(d) above. Such amounts will be paid promptly after termination. 
 (b) If the
Company terminates your employment without Cause, or you terminate your employment with Good Reason, the Company will pay you an amount equal to your Severance Compensation in twenty (20) equal monthly installments in arrears commencing one
month after the date of termination and shall also pay you, on the date of your termination, your Accrued Base Compensation as of the termination date. The Company’s obligation to make such payments to you shall cease upon your
material breach of any written agreement between you and the Company or of any written policy of the Company by which you are bound, if such breach causes or is likely to cause material harm to the Company. 

(c) If the Company terminates your employment at any time for Cause, or upon your death or Disability, the Company
will pay you your Accrued Base Compensation. 
 (d) Upon any termination of your employment with the Company
to which Section 4(b) applies, the Company shall maintain the benefits that you were receiving as of the termination date and shall take such measures as are permissible under its medical, life, and disability insurance and any other
employee benefit plans or programs to continue coverage or reimbursement for you (and your family, if applicable) on the same terms (including any required contribution by you) as immediately prior to such termination. If it is not permissible
to continue any such coverage under any such insurance plans, the Company will pay you on the same schedule as set forth in Section 4(b), as additional severance compensation, such amount, net of state and federal income taxes payable by you
with respect thereto, as will be sufficient for you to obtain such insurance coverage on an individual basis assuming that you (and each member of your family who is to be covered) is a “standard risk” for insurance purposes. Your
rights under this Section 4(d) shall continue only for so long as you are entitled to receive payments of Severance Compensation under Section 4(b). 

(e) Definitions. As used in this Section 4, the following terms shall have the following meanings:

 (i) “Accrued Base Compensation”: all amounts of compensation for services rendered
to the Company that have been earned or accrued through the date of your termination of employment but that have not been paid as of such date including (i) Base Salary, (ii) reimbursement for reasonable and necessary business expenses
incurred by you on behalf of the Company during the period ending on such date, and (iii) vacation pay; provided, however, that Accrued Compensation shall not include any amounts described in clause (i) that have been deferred
pursuant to any salary reduction or deferred compensation elections made by you. 

 (ii) “Cause”: (i) willful failure to perform, or
gross negligence in the performance of, your duties for the Company or any of its affiliates; (ii) knowing and material breach by you of any obligation to the Company or any of its affiliates with respect to confidential information,
non-competition, non-solicitation or the like; (iii) your breach of fiduciary duty, fraud, embezzlement or other material dishonesty with respect to the Company or any of its affiliates; or (iv) your conviction of, or plea of nolo
contendere to, a felony (other than felonies vehicular in nature) or any other crime involving moral turpitude; provided, however that with respect to the grounds set forth in Section 4(e)(ii)(i), Cause shall not be deemed to exist until you
have been given written notice of the facts or circumstances allegedly constituting such grounds and, where reasonably subject to cure, thirty (30) days to cure. 

(iii) “Change of Control”: (i) the sale of all or substantially all of the assets or
issued and outstanding capital stock of the Company, or (ii) merger or consolidation involving the Company in which stockholders of the Company immediately before such merger or consolidation do not own immediately after such merger or
consolidation capital stock or other equity interests of the surviving corporation or entity representing more than fifty percent in voting power of capital stock or other equity interests of such surviving corporation or entity outstanding
immediately after such merger or consolidation. 
 (iv) “Disability”: a physical or mental
infirmity that impairs your ability to substantially perform your duties with the Company for six consecutive months. 
 (v) “Good Reason”: (i) a substantial reduction in your then current base salary, without your consent; or (ii) material and continuing diminution of your title or your
responsibilities, duties and authority in the operation and management of the Company as compared to such title or responsibilities, duties and authority on the date of this Agreement, without your consent. 

(vi) “Severance Compensation”: 1.66 times your Base Salary and 1.66 times your Target Annual
Performance Bonus on the effective date of termination. 
 (vii) “Stock Award”: shall mean
any grant of equity under the Company’s Amended and Restated 2003 Stock Option and Incentive Plan, 2007 Employee, Director and Consultant Stock Plan or any subsequent stock plan of the Company. 

5. Change of Control. In the event of a Change of Control in which the Company is valued at equal to or greater than $75
million, then, notwithstanding any contrary or inconsistent provision of any Stock Award granted to you by the Company, an additional number of shares or options equal to one hundred percent (100%) of the total shares or options in the Stock
Award shall, on the date of the Change of Control, become fully vested and immediately exercisable. 

 6. Parachute Payment. If any payment or benefit you would receive under
this Agreement, when combined with any other payment or benefit you receive pursuant to a Change of Control (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal
Revenue Code of 1986, as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be either (x) the full
amount of such Payment or (y) such lesser amount (with cash payments being reduced before stock option compensation) as would result in no portion of the Payment being subject to the Excise Tax, whichever of the foregoing amounts, taking into
account the applicable federal, state and local employment taxes, income taxes, and the Excise Tax results in your receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment may be
subject to the Excise Tax. 
 7. Mutual Release. Upon any termination of your employment with the Company to
which Section 4(b) applies, you and the Company shall execute a mutual release. Your execution of such mutual release shall be a condition precedent to the effectiveness of Section 4(b) and 4(c). 

8. 409A Compliance. 
 (a) Notwithstanding any other provision with respect to the timing of payments under this Agreement, if, at the time of your termination, you are deemed to be a “specified employee” of the
Company within the meaning of Section 409A of the Code, then limited only to the extent necessary to comply with the requirements of Section 409A of the Code, any payments to which you may become entitled under this Agreement which are
subject to Section 409A of the Code (and not otherwise exempt from its application) will be withheld until the first (1st) business day of the seventh (7th) month following your termination of employment, at which time you shall be
paid an aggregate amount equal to the accumulated, but unpaid, payments otherwise due to you under the terms of this Agreement. 

(b) The Company does not guarantee the tax treatment or tax consequences associated with any payment or benefit set forth in this
Agreement, including but not limited to consequences related to Section 409A of the Code. You and the Company agree to both negotiate in good faith and jointly execute an amendment to modify this Agreement to the extent necessary to comply
with the requirements of Code Section 409A; provided that no such amendment shall increase the total financial obligation of the Company under this Agreement. In the event that the Company determines in good faith that it is
required to withhold taxes from any payment or benefit already provided to you, you agree to pay to the Company on demand the amount determined by the Company. 
 9. Records. Upon termination of your employment hereunder for any reason or for no reason and at any other time requested by the Company, you will deliver to the Company Group any
property of the Company Group which may be in your possession, including products, materials, memoranda, notes, records, reports or other documents or photocopies of the same. 
 10. Insurance. The Company, in its sole discretion, may apply for and purchase key person life insurance on your life in an amount determined by the Company with the Company 

 
Group as beneficiary and one or more other policies of insurance insuring your life. You will submit to any medical or other examinations and to execute and deliver any applications or other
instruments in writing that are reasonably necessary to effectuate such insurance. 
 11. Representations. You
hereby represent and warrant to the Company that you understand this Agreement, that you enter into this Agreement voluntarily and that your employment under this Agreement will not conflict with any legal duty owned by you to any other party, or
with any agreement to which you are a party or by which you are bound, including, without limitation, any non-competition or non-solicitation provision contained in any such agreement. You will indemnify and hold harmless the Company Group and
its officers, directors, security holders, partners, members, employees, agents and representatives against loss, damage, liability or expense arising from any claim based upon circumstances alleged to be inconsistent with such representation and
warranty. 
 12. General. 
 (a) Other Agreements. The purpose of this Agreement is to set out the above terms and conditions of your continued employment with the Company. It is intended to and supersedes in
its entirety your Prior Employment Agreement, which is hereby deemed terminated and of no further force and effect. However, this Agreement is not intended to and does not supersede any other agreements you may have with the Company, including,
but not limited to your Non-Disclosure Agreement. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement, however, will affect, or be used to interpret, change or restrict, the
express terms and provisions of this Agreement. 
 (b) Modifications and Amendments. The terms
and provisions of this Agreement may be modified or amended only by written agreement executed by the parties hereto. 
 (c) Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by written document executed by the party entitled
to the benefits of such terms or provisions. No such waiver or consent will be deemed to be or will constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or
consent will be effective only in the specific instance and for the purpose for which it was given, and will not constitute a continuing waiver or consent. 
 (d) Assignment. The Company may assign its rights and obligations hereunder to any person or entity that succeeds to all or substantially all of the Company’s business or that aspect
of the Company’s business in which you are principally involved or to any Company affiliate. You may not assign your rights and obligations under this Agreement without the prior written consent of the Company and any such attempted
assignment by you without the prior written consent of the Company will be void. 

 (e) Benefit. All statements, representations, warranties,
covenants and agreements in this Agreement will be binding on the parties hereto and will inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement will be construed to create any
rights or obligations except between the Company and you, except for your obligations to the Company Group as set further herein, and no person or entity (except for a Company affiliate as set forth herein) will be regarded as a third-party
beneficiary of this Agreement. 
 (f) Governing Law. This Agreement and the rights and
obligations of the parties hereunder will be construed in accordance with and governed by the law of Massachusetts, without giving effect to the conflict of law principles thereof. 

(g) Jurisdiction, Venue and Service of Process. Any legal action or proceeding with respect to this
Agreement will be brought in the courts of Massachusetts. By execution and delivery of this Agreement, each of the parties hereto accepts for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of
the aforesaid courts. 
 (h) WAIVER OF JURY TRIAL. ANY ACTION, DEMAND, CLAIM OR COUNTERCLAIM
ARISING UNDER OR RELATING TO THIS AGREEMENT WILL BE RESOLVED BY A JUDGE ALONE AND EACH OF YOU AND THE COMPANY WAIVE ANY RIGHT TO A JURY TRIAL THEREOF. 
 (i) Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and will in no way modify or affect the meaning or
construction of any of the terms or provisions hereof. 
 (j) Counterparts. This Agreement may
be executed in two or more counterparts, and by different parties hereto on separate counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

(k) Opportunity to Review. You hereby acknowledge that you have had adequate opportunity to review these
terms and conditions and to reflect upon and consider the terms and conditions of this Agreement, and that you have had the opportunity to consult with counsel of your own choosing regarding such terms. You further acknowledge that you fully
understand the terms of this Agreement and have voluntarily executed this Agreement. 
 REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK 

 If the foregoing accurately sets forth our agreement, please so indicate by signing and
returning to us the enclosed copy of this letter. 
  

			
	 Very truly yours,
  

EnerNOC, Inc.

		
	By:	 	/s/ David B. Brewster
		 	 Name: David B. Brewster

Title: President

  

					
	Accepted and Approved	 		 	
			
	/s/ Timothy G. Healy	 		 	March 1, 2010
	Timothy G. Healy	 		 	Date

 AMENDMENT NO. 1 

TO 

SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 The Second Amended and Restated Employment Agreement (the “Agreement”) dated as of March 1, 2010, by and between EnerNOC, Inc., a Delaware corporation (the “Company”), and Timothy
G. Healy (the “Executive”) is hereby amended as set forth below. Capitalized terms not defined herein shall have the meaning specified in the Agreement. 
 1. Section 3(b) of the Agreement is hereby amended by deleting such subsection in its entirety and substituting the following in lieu thereof: 

“(b) Annual Performance Bonus. You will be eligible to receive an annual performance bonus payable in shares of the
Company’s common stock, par value $0.001 per share (“Common Stock”), in accordance with the 2012 Executive Bonus Plan (or, if applicable, any successor plan) equal to a percentage of your Base Salary (the “Target Annual
Performance Bonus”), but which the actual number of shares of Common Stock that vest will be based entirely on the Company’s achievement of certain pre-determined corporate performance targets set in accordance with the then applicable
bonus plan.” 
 2. Except as amended herein, the Agreement is hereby confirmed in all other respects. 

IN WITNESS WHEREOF, this Amendment No. 1 is entered into this 1st day of March, 2012. 

 

			
	ENERNOC, INC.
		
	By:	 	/s/ David B. Brewster
		 	 Name: David B. Brewster

Title: President

  

	
	 EXECUTIVE

	
	 /s/ Timothy G. Healy

	 Timothy G. Healy

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