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  Exhibit 10.8.4    
    

 
    EnergySolutions, Inc.
  2007 Equity Incentive Plan    
    

 
    NONQUALIFIED STOCK OPTION AWARD AGREEMENT
  (Performance-Based; Company EBITDA)    
    

        THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (the "Award Agreement") is made
effective as of [            ] (the "Date of Grant") between
EnergySolutions, Inc., a Delaware corporation (with any successor, the "Company"), and  
[            ] (the "Participant"): 

 
 

R E C I T A L S:    

        WHEREAS,
the Company has adopted the EnergySolutions, Inc. 2007 Equity Incentive Plan (the
"Plan"), which Plan is incorporated herein by reference and made a part of this Award Agreement. Capitalized terms not otherwise defined herein
(including in Section 10) shall have the same meanings as in the Plan; and 

        WHEREAS,
the Compensation Committee of the Board (the "Committee") has determined that it would be in the best interests of the Company
and its stockholders to grant the option provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 

        NOW
THEREFORE, in consideration of the mutual covenants hereinafter set forth (including, without limitation, the restrictive covenants described in Section 7, the parties agree
as follows: 

        1.    Grant of the Option.    The Company hereby grants to the Participant the right and option (the
"Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate number of shares of Common Stock of the
Company, or such other class or kind of security resulting from the application of Section 12.1 of the Plan, subject to reduction or forfeiture as set forth below (the
"Shares"), also subject to adjustment as set forth in the Plan. The Option is intended to be a non-qualified stock option, and is not
intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended. The number of Shares the Participant will be able to purchase pursuant to
the Option shall be determined as follows: 

        (a)   The
term "EBITDA" shall mean the actual earnings before interest, taxes, depreciation, accretion and amortization with
respect to the Company and its consolidated subsidiaries for the fiscal year [        ] (the "Fiscal Year"), calculated in
accordance with past practices. The term "EBITDA Target" shall mean [$        ]. The term "Minimum
EBITDA" shall mean 90% of the EBITDA Target for the Fiscal Year. 

        (b)   If
the Company's EBITDA for the Fiscal Year is equal to or less than Minimum EBITDA for the Fiscal Year, the number of Shares shall be zero, and the Option shall
immediately and automatically terminate, and all rights under this Award Agreement shall cease. 

        (c)   If
the Company's EBITDA for the Fiscal Year is 100% of the EBITDA Target for the Fiscal Year or greater, the number of Shares shall be  [            ] (the "Maximum Share Amount"). 

        (d)   If
the Company's EBITDA for the Fiscal Year is between Minimum EBITDA and the EBITDA Target for the Fiscal Year, the number of Shares will be determined by multiplying
the Maximum Share Amount by a fraction, (i) the numerator of which is the amount, stated as a percentage, by which the actual EBITDA for the Fiscal Year, stated as a percentage of the EBITDA
Target for the Fiscal Year, exceeds 90%, and (ii) the denominator of which is 10%. For example, if actual EBITDA is 97% of the EBITDA Target and the Maximum Share Amount is 1,000, the number of
Shares shall be calculated as follows: 

Step
1: 97%-90% = 7% 

Step
2: 7%/10% = .7

Step
3: .7 × 1,000 = 700. 

 

        2.    Option Price.    The purchase price of the Shares subject to the Option shall be  
[$            ] per Share (the "Option Price"), subject to adjustment as set
forth in the Plan. 

        3.    Vesting.    Subject to the Participant's continued Service on the vesting date set forth in this sentence, and
provided the Option has not terminated prior to such date as provided herein (including pursuant to Section 1(b)), the Option shall vest in a single installment on  
[            ] (hereinafter referred to as a "Vested Option").
 

        4.    Accelerated Vesting Upon a Change in Control.    Upon the occurrence of a Change of Control, the Option, to the
extent not previously cancelled or forfeited, shall immediately vest in full, so long as the Participant's Service has not been terminated before the date of the consummation of the Change of Control
and provided the Option had not terminated prior to such Change of Control. 

        5.    Forfeiture.    If the Participant's Service is terminated for any reason, the Option shall, if not then vested,
be cancelled by the Company without consideration. If the Option is a Vested Option as of the date of termination, the Vested Option shall remain exercisable for the period set forth in
Section 6. 

        6.    Exercise of Option.    

        (a)    Period of Exercise.    Subject to the provisions of the Plan and this Award Agreement, the Participant may
exercise all or any part of a Vested Option at any time prior to the earliest to occur of: 

          (i)  the
tenth anniversary of the Date of Grant; 

         (ii)  the
date that is ninety (90) days following termination of the Participant's Service for any reason other than death, Permanent Disability or Cause; 

        (iii)  the
date that is one (1) year following termination of the Participant's Service due to death or Permanent Disability; 

        (iv)  the
date of termination of the Participant's Service due to Cause. 

        (b)    Method of Exercise.    

          (i)  Subject
to Section 4, a Vested Option may be exercised by delivering to the Company at its principal office written notice of intent to so exercise;  provided that, the Option may be exercised with respect
to whole Shares only. Such notice shall specify the number of Shares for which the Option is
being exercised and shall be accompanied by payment in full of the Option Price. In the event the Option is being exercised by the Participant's representative, the notice shall be accompanied by
proof (satisfactory to the Committee) of the representative's right to exercise the Option. The payment of the Option Price may be made at the election of the Participant (A) in cash or its
equivalent (e.g., by check), (B) to the extent permitted by the Committee, in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and
satisfying such other requirements as may be imposed by the Committee, (C) partly in cash and, to the extent permitted by the Committee, partly in such Shares, (D) by reducing the number
of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the Option Price, or (E) if there is a public market for the Shares
at such time, subject to such requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and
to deliver promptly to the Company an amount out of the proceeds of such sale equal to the aggregate Option Price for the Shares being purchased. The Committee may prescribe any other method of 

2

 

payment
that it determines to be consistent with applicable law. Neither the Participant nor the Participant's representative shall have any rights to dividends or other rights of a stockholder with
respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions
imposed by the Committee pursuant to the Plan. 

         (ii)  Notwithstanding
any other provision of the Plan or this Award Agreement to the contrary, the Option may not be exercised prior to the completion of any registration or
qualification of the Option or the Shares under applicable securities or other laws, or under any ruling or regulation of any governmental body or national securities exchange that the Committee shall
in its sole discretion determine to be necessary or advisable. 

        (iii)  Upon
the Company's determination that the Option has been validly exercised as to any of the Shares, the Company shall issue certificates in the Participant's name for
such Shares. However, the Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him, any loss of the certificates, or any mistakes or errors
in the issuance of the certificates or in the certificates themselves. 

        (iv)  In
the event of the Participant's death, a Vested Option shall remain exercisable during the period set forth in Section 6 by the Participant's executor or
administrator, or the person or persons to whom the Participant's rights under this Award Agreement shall pass by will or by the laws of descent and distribution as the case may be. Any heir or
legatee of the Participant shall take rights herein granted subject to the terms and conditions hereof. 

        7.    No Right to Continued Service.    The granting of the Option evidenced hereby and this Award Agreement shall
impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the Company or any Affiliate may have to terminate the
Service of such Participant. 

        8.    Securities Laws/Legend on Certificates.    The issuance and delivery of Shares shall comply with all applicable
requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations
of any stock exchange or other securities market on which the Company's securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the Plan is not
required to be registered under any applicable securities laws, each Participant to whom such security would be issued shall deliver to the Company an agreement or certificate containing such
representations, warranties and covenants as the Company which satisfies such requirements. The certificates representing the Shares shall be subject to such stop transfer orders and other
restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

        9.    Transferability.    The Option may not be assigned, alienated, pledged, attached, sold or otherwise transferred
or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall
be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or
encumbrance. No such permitted transfer of the Option to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice
thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions
hereof. During the Participant's lifetime, the Option is exercisable only by the Participant. 

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        10.    Adjustment of Option.    Adjustments to the Option (or any of the Shares underlying the Option) shall be made
in accordance with the terms of the Plan. 

        11.    Definitions.    For purposes of this Award Agreement: 

        "Cause" shall have the meaning set forth in the Participant's employment agreement with the Company or its Affiliates, if any, or if the
Participant is not a party to an employment agreement with a definition of "Cause", then "Cause" means that the Board has determined that any one or more of the following has occurred: (i) the
Participant shall have been convicted of, or shall have pleaded guilty or  nolo contendere to, any felony; (ii) the Participant shall have failed or refused to carry out the reasonable and lawful
instructions of Chief
Executive Officer of the Company, the executive to whom the Participant reports, or the Board (other than as a result of illness or disability) concerning duties or actions consistent with the
Participant's position and such failure or refusal shall have continued for a period of ten (10) days following written notice from the Board; (iii) the Participant shall fail to adhere
to any material written Company policy and such failure to comply shall not have been cured, if curable, within ten (10) days following written notice from the Board of such failure;
(iv) the Participant shall have engaged in any gross or willful misconduct resulting in a substantial loss to the Company or any of its Affiliates or substantial damage to any of their
reputations; or (v) the Participant shall have committed any fraud, embezzlement, misappropriation of funds, breach of fiduciary duty or other act of dishonesty against the Company. 

        "Permanent Disability" shall have the meaning set forth in the Participant's employment agreement with the Company or its Affiliates, if
any, or if the Participant is not a party to an employment agreement with a definition of "Permanent Disability," then "Permanent Disability" means any physical or mental disability rendering the
Participant unable to perform his duties for a period of at least one hundred twenty (120) days out of any twelve (12) month period. 

        12.    Withholding.    The Participant may be required to pay to the Company or any Affiliate and the Company shall
have the right and is hereby authorized to withhold, any applicable withholding taxes in respect of the Option, its exercise or any payment or transfer under or with respect to the Option and to take
such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. 

        13.    Notices.    Any notification required by the terms of this Award Agreement shall be given in writing and shall
be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice
shall be addressed to the Company, Attention: General Counsel, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 

        14.    Entire Agreement.    This Award Agreement and the Plan constitute the entire contract between the parties
hereto with regard to the subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the
subject matter hereof. 

        15.    Waiver.    No waiver of any breach or condition of this Award Agreement shall be deemed to be a waiver of any
other or subsequent breach or condition whether of like or different nature. 

        16.    Successors and Assigns.    The provisions of this Award Agreement shall inure to the benefit of, and be binding
upon, the Company and its successors and assigns and upon the Participant, the Participant's assigns and the legal representatives, heirs and legatees of the Participant's estate, whether or not any
such person shall have become a party to this Award Agreement and agreed in writing to be joined herein and be bound by the terms hereof. 

4

 

        17.    Choice of Law; Jurisdiction; Waiver of Jury Trial.    This Award Agreement shall be governed by the laws of the
State of Utah, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. 

        SUBJECT TO THE TERMS OF THIS AWARD AGREEMENT, THE PARTIES AGREE THAT ANY AND ALL ACTIONS ARISING UNDER OR IN RESPECT OF THIS AWARD AGREEMENT SHALL BE LITIGATED IN
THE FEDERAL OR STATE COURTS IN UTAH. BY EXECUTING AND DELIVERING THIS AWARD AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR ITSELF, HIMSELF OR HERSELF AND IN
RESPECT OF ITS, HIS OR HER PROPERTY WITH RESPECT TO SUCH ACTION. EACH PARTY AGREES THAT VENUE WOULD BE PROPER IN ANY OF SUCH COURTS, AND HEREBY WAIVES ANY OBJECTION THAT ANY SUCH COURT IS AN IMPROPER
OR INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION.

        EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AWARD
AGREEMENT.

        18.    Option Subject to Plan.    By entering into this Award Agreement the Participant agrees and acknowledges that
the Participant has received and read a copy of the Plan. The Option is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein
by reference (subject to the limitation set forth in Section 19). In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable
terms and provisions of the Plan will govern and prevail. The Participant has had the opportunity to retain counsel, and has read carefully, and understands, the provisions of the Plan and the Award
Agreement. 

        19.    Amendment.    The Committee may amend or alter this Award Agreement and the Option granted hereunder at any
time; provided that, subject to Articles 11, 12 and 13 of the Plan, no such amendment or alteration shall be made without the consent of the Participant if such action would materially diminish
any of the rights of the Participant under this Award Agreement or with respect to the Option. 

        20.    Severability.    The provisions of this Award Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

        21.    Signature in Counterparts.    This Award Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

[SIGNATURE PAGE FOLLOWS]

5

 

        IN
WITNESS WHEREOF, the parties hereto have executed this Award Agreement. 

 

 

					
	 	 	ENERGYSOLUTIONS, INC.
	

 	
 	
 By:	
 	
 

  Val John Christensen, President and CEO
	
 Agreed and acknowledged as

of the date first above written:	
 	

 	
 	

 
	

 PARTICIPANT	
 	

 	
 	

 

 

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Exhibit 10.8.4

Energy Solutions , Inc. 2007 Equity Incentive Plan

NONQUALIFIED STOCK OPTION AWARD AGREEMENT (Performance-Based; Company EBITDA)

R E C I T A L SQuickLinks
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  Exhibit 10.8.5    
    

 
    RESTRICTED STOCK AWARD AGREEMENT
  (With Time-Based and [Business Group Name] Performance-Based Stock Grants)
  (Pursuant to the EnergySolutions, Inc. 2007 Equity Incentive Plan)    
    

        THIS RESTRICTED STOCK AWARD AGREEMENT (this "Agreement") is made effective as of  
[            ] (the "Grant Date") by and between
EnergySolutions, Inc., a Delaware corporation (with any successor, the "Company"), and  
[            ] (the "Participant").
 

 
 

R E C I T A L S:  

        WHEREAS,
the Company has adopted the EnergySolutions, Inc. 2007 Equity Incentive Plan (the
"Plan"), which Plan is incorporated herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein shall have the
same meanings as in the Plan; and 

        WHEREAS,
the Compensation Committee of the Board (the "Committee") determined that it would be in the best interests of the Company and
its stockholders to grant the restricted stock (the
"Restricted Shares") provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 

        NOW
THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 

        1.    Time Based Restricted Stock Award.    Subject to the terms and conditions of the Plan and this Agreement, the
Company hereby grants to the Participant, effective as of the Grant Date,            Restricted Shares (the "Time Based Restricted Shares"),
which
shall vest and become nonforfeitable in accordance with Section 4(a). 

        2.    Performance Based Restricted Stock Award.    Subject to the terms and conditions of the Plan and this Agreement,
the Company hereby grants to the Participant, effective as of the Grant Date, [            ] Restricted Shares (the
"Performance Based Restricted Shares"), which (a) shall be forfeited in the event the Business Unit fails to achieve ninety percent (90%) of the
Business Unit's Operating Income Target in its [            ] fiscal year and (b) if not forfeited under the foregoing
subparagraph (a), shall vest and become nonforfeitable in accordance with Section 4(b). The term "Business Unit" shall mean the business
sector identified by the Committee as "[            ]". The term "Operating
Income" shall mean the operating income of the Business Unit for its [            ] fiscal year,
determined in accordance with generally accepted accounting principles and past practice of the Company. The term "Operating Income Target" shall mean
[$      ]. 

        3.    Certificates.    Each Restricted Share will be issued as a "book account" entry in the name of the Participant
on the stock transfer books of the Company until it vests in accordance with the terms of this Agreement. Upon vesting, a certificate representing the amount of vested Restricted Shares shall be
issued by the Company and delivered to the Participant or an account designated by the Participant. 

        4.    Vesting.    

        (a)    Time Based Restricted Stock Vesting Schedule.    Subject to the Participant's continued employment on each
vesting date, one third of the Time Based Restricted Shares shall vest on the first anniversary of the Grant Date, and one third of the Time Based Restricted Shares shall vest on each of the second,
and third anniversaries of the Grant Date. 

        (b)    Performance Based Restricted Stock Vesting Schedule.    Subject to the Participant's continued employment on
the vesting date, and subject to the performance criteria in Section 2, the Performance Based Restricted Shares shall vest on the third anniversary of the Grant Date. 

        (c)    Acceleration of Vesting.    The Participant's unvested Restricted Shares, if any, shall immediately vest in
full upon the occurrence of any the following events (but with respect to 

 

Performance
Based Restricted Shares only if the performance criteria have been, or are subsequently, met): 

          (i)  upon
the Participant's inability due to death, illness or disability to continue serving as an employee of the Company; 

         (ii)  upon
a Change of Control, as defined in the Plan. 

        5.    No Right to Continued Employment.    The granting of the Restricted Shares evidenced hereby and this Agreement
shall impose no obligation on the Company or any of its subsidiaries or affiliates to continue the employment of the Participant and shall not lessen or affect any right that the Company or any of its
subsidiaries or affiliates may have to terminate the employment of such Participant. 

        6.    Securities Laws/Legend on Certificates.    The issuance and delivery of certificates representing vested
Restricted Shares shall comply with all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state
securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company's securities may then be traded. If the Company deems it necessary to ensure
that the issuance of securities under the Plan is not required to be registered under any applicable securities laws, each Participant to whom such security would be issued shall deliver to the
Company an agreement or certificate containing such representations, warranties and covenants as the Company which satisfies such requirements. The certificates representing the vested Restricted
Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions. 

        7.    Transferability.    The unvested Restricted Shares may not be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer
or encumbrance shall be void and unenforceable against the Company or any of its subsidiaries or affiliates; provided that the designation of a beneficiary shall not constitute an assignment,
alienation,
pledge, attachment, sale, transfer or encumbrance. An approved form of Beneficiary Designation is attached hereto as Exhibit A. No such permitted
transfer of the Restricted Shares to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy
of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

        8.    Adjustment of Restricted Shares.    Adjustments to the Restricted Shares shall be made in accordance with the
terms of the Plan. 

        9.    Withholding.    In the event required by federal or state law, the Company shall have the right and is hereby
authorized to withhold, or to require the Participant to pay upon the occurrence of the event triggering the requirement, any applicable withholding taxes in respect of the Restricted Shares, their
grant, vesting or otherwise and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. 

        10.    Notices.    Any notification required by the terms of this Agreement shall be given in writing and shall be
deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice shall
be addressed to the Company, Attention: General Counsel, at its principal 

2

 

executive
office and to the Participant at the address that he or she most recently provided to the Company. 

        11.    Entire Agreement.    This Agreement and the Plan constitute the entire contract between the parties hereto with
regard to the subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter
hereof. 

        12.    Waiver.    No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other
or subsequent breach or condition whether of like or different nature. 

        13.    Successors and Assigns.    The provisions of this Agreement shall inure to the benefit of, and be binding upon,
the Company and its successors and assigns and upon the Participant, the Participant's assigns and the legal representatives, heirs and legatees of the Participant's estate, whether or not any such
person shall have become a party to this Agreement and agreed in writing to be joined herein and be bound by the terms hereof. 

        14.    Choice of Law; Jurisdiction; Waiver of Jury Trial.    This Agreement shall be governed by the laws of the State
of Utah, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. 

        SUBJECT
TO THE TERMS OF THIS AGREEMENT, THE PARTIES AGREE THAT ANY AND ALL ACTIONS ARISING UNDER OR IN RESPECT OF THIS AGREEMENT SHALL BE LITIGATED IN THE FEDERAL OR STATE COURTS IN
UTAH. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR ITSELF, HIMSELF OR HERSELF AND IN RESPECT OF ITS, HIS OR HER PROPERTY
WITH RESPECT TO SUCH ACTION. EACH PARTY AGREES THAT VENUE WOULD BE PROPER IN ANY OF SUCH COURTS, AND HEREBY WAIVES ANY OBJECTION THAT ANY SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE
RESOLUTION OF ANY SUCH ACTION. 

        EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT.

        15.    Restricted Shares Subject to the Plan.    By entering into this Agreement the Participant agrees and
acknowledges that the Participant has received and read a copy of the prospectus relating to the Plan. The Restricted Shares are subject to the Plan. The terms and provisions of the Plan as it may be
amended from time to time are hereby incorporated herein by reference (subject to the limitation set forth in Section 16). In the event of a conflict between any term or provision contained
herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. The Participant has had the opportunity to retain counsel, and has read carefully,
and understands, the provisions of the Plan and the Agreement. 

        16.    Amendment.    The Committee may amend or alter this Agreement and the Restricted Shares granted hereunder at
any time; provided that, subject to Articles 11, 12 and 13 of the Plan, no such amendment or alteration shall be made without the consent of the Participant if such action would materially
diminish any of the rights of the Participant under this Agreement or with respect to the Restricted Shares. 

        17.    Section 83(b) Election.    In the event the Participant determines to make an election with the Internal
Revenue Service (the "IRS") under Section 83(b) of the Code and the regulations promulgated thereunder (the "83(b) Election"), the Participant shall provide a copy of such form to the Company
promptly following its filing, which is required under current law to be filed with 

3

 

the
IRS no later than thirty (30) days after the Grant Date of the Restricted Shares. The Participant is advised to consult with his or her own tax advisors regarding the purchase and holding
of the Restricted Shares, and the Company shall bear no liability for any consequence of the Participant making and 83(b) Election or failing to make an 83(b) Election. 

        18.    Severability.    The provisions of this Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

        19.    Signature in Counterparts.    This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 

[SIGNATURE
PAGE FOLLOWS] 

4

 

        IN
WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Award Agreement effective as of the date first written above. 

 

 

					
	 	 	 ENERGYSOLUTIONS, INC.
	

 	
 	
By	
 	
 

  Val John Christensen

CEO, President
	
 Agreed and acknowledged effective as

of the date first above written:	
 	

 	
 	

 
	
 

 	
 	

 	
 	

 

 

 5

 
 

  EXHIBIT A    
    

 Beneficiary Designation for Restricted Shares of EnergySolutions, Inc.

Signature(s) Required Below  

 

 

			
	Instructions:	 	Type or print legibly in ink. Sign and date form. Return original to EnergySolutions' Legal Services Administrator, and retain a copy for your
records.

 

  

 

 

					
	Participant's Name

 
	 	Social Security Number 	 	Date of Birth 
	 
	 	 	 	 

 

         I
hereby designate the beneficiary(ies) named below to receive my restricted shares of EnergySolutions, Inc. Unless otherwise
provided in this request, if two or more primary beneficiaries are named, the shares shall be distributed pursuant to the terms of the Plan in equal portions (rounded to the nearest whole number) to
the named primary beneficiaries if surviving the Participant, or to the survivor(s). If no primary beneficiary(ies) survive, the shares shall be distributed in like manner to the named contingent
beneficiary(ies), if any. If no beneficiary survives, shares shall be distributed according to the terms of the Plan. The right of the Participant to change the beneficiary(ies) hereafter is reserved. 

 Primary Beneficiaries:  

 

 

									
	Beneficiary Full Name

 
	 	Complete Address 	 	Date of Birth 	 	Social Security Number 	 	Relationship to Participant 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

 

  Contingent Beneficiaries:  

 

 

									
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

 

         This
designation is revocable as to each beneficiary except when otherwise stated, and beneficiaries of like class shall share equally with right of survivorship. Any designation of an
individual shall mean an individual living at the Participant's death. 

Dated
this            day
of                                         
   , 20            , at
                                         
   ,                           .

                                         
                                          
                                         City
                              State 

 

 

			
	  

  Signature of Participant	 	  

  Signature of Irrevocable Beneficiary(ies), if any
	

 	
 	
 

  Signature of Irrevocable Beneficiary(ies), if any

 

 

QuickLinks

Exhibit 10.8.5

RESTRICTED STOCK AWARD AGREEMENT (With Time-Based and [Business Group Name] Performance-Based Stock Grants) (Pursuant to the Energy Solutions , Inc. 2007 Equity Incentive Plan)

R E C I T A L S

EXHIBIT A

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