Document:

Exhibit 10.31  

 EMPLOYMENT AGREEMENT  

        THIS EMPLOYMENT AGREEMENT (the
"Agreement") is entered into on December 6, 2007 (the "Effective Date"), by and between
Integrated Electrical Services, Inc. (the "Company") and James A. Robertson (the "Executive"). 

        WHEREAS, the Company desires to employ Executive as Group Vice President, IES Industrial of the Company from and after the Effective Date
until such date as his employment shall end pursuant to the terms and conditions contained herein; 

        WHEREAS, Executive desires to be employed by the Company in such position and for such period pursuant to the terms and conditions
contained herein; 

        NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and undertakings contained in this Agreement, and intending to
be legally bound, the Company and Executive agree as follows: 

	I.
	Employment Term.

        Executive
and the Company acknowledge that this employment relationship may be terminated at any time, upon written notice to the other party for any reason, at the option either of the
Company or Executive. However, as described in this Agreement, Executive may be entitled to certain severance benefits depending upon the circumstances of Executive's termination of employment. The
period Executive is employed by the Company under this Agreement is referred to herein as the "Employment Term".  

	II.
	Position.

	A.
	During
the Employment Term, Executive shall serve as the Company's Group Vice President, IES Industrial. In such position, Executive shall have authority,
responsibilities, and duties reasonably accorded to, expected of and consistent with Executive's position and shall report directly to Chief Executive Officer of the Company.

	B.
	During
the Employment Term, Executive will devote Executive's full business time and best efforts to the performance of Executive's duties hereunder and will
not engage in any other activity (for compensation or otherwise) which would, either individually or in the aggregate, conflict or interfere with or otherwise adversely affect the rendition of such
performance either directly or indirectly, without the prior written consent of the Board. Executive may serve on the Board of Directors of other companies either public or private if such service is
approved by the Board of Directors. Such approval will not be unreasonably withheld by Company.

	III.
	Compensation.

	A.
	Base Salary.    During the Employment Term, the Company shall pay Executive a base salary at the
annual rate of $300,000.00, payable in accordance with the Company's payroll practices (the "Base Salary"). Executive shall be entitled to such
increases in Base Salary, if any, as may be determined on at least an annual basis in the sole discretion of the Company.

	B.
	Annual Bonus.    For the Company's fiscal year ("Fiscal
Year") 2008 and for each successive Fiscal Year during the Employment Term, Executive shall be given the opportunity to earn an incentive bonus (the
"Annual Bonus"). Executive's target Annual Bonus Opportunity for each Fiscal Year during the Employment Term shall be 100% of Base Salary (the
"Annual Bonus Opportunity"). The actual amount payable to Executive as an Annual Bonus with respect to a Fiscal Year (or portion thereof) shall be
dependent upon the achievement of performance objectives established by the Human Resources and Compensation Committee ("Committee") for such Fiscal Year and may be greater or less than the Annual
Bonus Opportunity. That 

 

portion
of the Executive's Annual Bonus Opportunity that is tied to objective targets established by the Committee may not be subsequently reduced by the Committee. The Committee reserves the sole and
exclusive right to determine whether the Executive may be entitled to any additional discretionary bonus and to determine what if any criteria may be considered in making such decision. Any Annual
Bonus and any additional discretionary bonus shall be paid at the same time as similar bonuses are payable to other executive officers of the Company, but in no event later than two and a half
(21/2) months following the end of the Fiscal Year with respect to which such Annual Bonus is to be paid. For the 2008 Fiscal Year, Executive is guaranteed a bonus of not less than
$150,000.  

	C.
	Long Term Incentive Bonus.    For the Company's fiscal year ("Fiscal
Year") 2008 Executive shall be given the opportunity to earn a long term incentive bonus under terms and conditions set forth in the Company's Long Term Incentive Plan ("LTIP
Plan"). Executive's long term incentive bonus opportunity for Fiscal Year 2008 shall be equal to one-hundred percent (100%) of his base annual salary. This award is referred to as the
"LTIP Target Bonus". One-half of the LTIP Target Bonus is payable as the retention component in the form of restricted stock. The remaining one-half of the LTIP Target Bonus is
performance vesting restricted stock based on achievement of predetermined performance criteria over a two year measurement period.

	D.
	Restricted Stock.    On the Effective Date, Executive shall receive a grant of 7,500 restricted
Company common shares under the Equity Plan (the "Restricted Shares"). The Restricted Shares shall vest one-third (1/3) on
each of the first, second and third anniversaries of the Effective Date. The terms of the Restricted Shares shall be governed by the Equity Plan and the Restricted Stock Award Agreement to be executed
on the Effective Date.

	E.
	Options.    On the Effective Date, Executive shall receive a grant of a nonqualified option to
purchase 11,000 Company common shares under the Equity Plan (the "Option"). The Option shall vest one-third (1/3) on each of
the first, second and third anniversaries of the Effective Date. The terms of the Option shall be governed by the Equity Plan and the Option Award Agreement to be executed on the Effective Date.

	F.
	Executive Benefits.    During the Employment Term, Executive shall be eligible to participate in
the Company's Executive benefit plans as in effect from time to time (collectively "Executive Benefits"); on the same basis as such Executive benefit
plans are generally made available to other senior executives of the Company.

	G.
	Business Expenses.    During the Employment Term, reasonable business expenses incurred by
Executive in the performance of Executive's duties hereunder shall be reimbursed by the Company in accordance with the Company's expense policy.

	H.
	Attorney Review Fees.    Company agrees to reimburse the reasonable cost of the review and
negotiation of this contract by counsel up a maximum of $5000.00.

	I.
	Executive
will receive moving expenses consisting of the following:  

	•
	Household Goods—Reimburse cost to pack, insure, move household goods from residence in Atlanta, Georgia to
Houston, Texas   

	•
	Closing Cost—Reimbursement of customary and ordinary closing costs associated with the sale of primary
residence in Atlanta and purchase of new residence in Houston, Texas as incurred within 365 days of this agreement.   

	•
	Temporary Living—Reimbursement of cost of reasonable temporary housing in Houston, TX for up to
180 days or until a new residence is acquired in the Houston area whichever is the earlier. 

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	•
	House hunting trips—Reimbursement for the reasonable and customary costs associated with two, two day house
hunting trips to Houston, TX for Executive and spouse   

	•
	Misc. Allowance—An incidental moving expenses allowance of $10,000 subject to ordinary payroll taxes type
deductions.   

	•
	Automobile Moving—Reimburse the reasonable costs of moving up to five automobiles in a covered van from
Atlanta to Houston.  

	IV.
	Termination.    The Employment Term and Executive's employment hereunder may be terminated by
either party at any time and for any reason; except that Executive will be required to give the Company at least thirty (30) days advance written notice of any resignation of Executive's
employment. Notwithstanding any other provision of this Agreement, the provisions of this Section IV shall exclusively govern Executive's rights upon termination of employment with the Company
and its affiliates.

	A.
	By the Company for Cause or Resignation by Executive Without Good Reason.

	1.
	The
Employment Term and Executive's employment hereunder may be terminated by the Company for Cause (as defined in Section IV.A.2 herein) or by
Executive's resignation without Good Reason (as defined in Section IV.C.2 herein);

	2.
	For
purposes of this Agreement, "Cause" shall mean (i) Executive's willful, material and irreparable
breach of his terms of employment as provided herein or otherwise (which remains uncured ten (10) business days after delivery of written notice specifically identifies such breach);
(ii) Executive's gross negligence in the performance or intentional nonperformance (in either case continuing for ten (10) business days after receipt of written notice of need to cure
and sets forth such duty and responsibility) of any of Executive's material duties and responsibilities to the Company; (iii) Executive's dishonesty or fraud with respect to the business,
reputation or affairs of the Company which materially and adversely affects the Company (monetarily or otherwise); (iv) Executive's conviction of a felony or crime involving moral turpitude;
(v) Executive's confirmed drug or alcohol abuse that materially affects Executive's service or results in a material violation of the Company's drug or alcohol abuse policy; or
(vi) Executive's material violation of the Company's personnel or similar policy, such policy having been made available to Executive by the Company which materially and adversely affects the
Company and which remains uncured or continues ten (10) business days after delivery of written notice) and such notice specifically sets forth said violation.

	3.
	If
Executive's employment is terminated by the Company for Cause, or if Executive resigns without Good Reason, Executive shall be entitled to
receive:

	a.
	The
Base Salary through the date of termination and any bonus payments due that have not yet been paid and for which the Executive is entitled to receive..

	b.
	Reimbursement,
within sixty (60) days following submission by Executive to the Company of appropriate supporting documentation, for any unreimbursed
reasonable business expenses properly incurred by Executive in the performance of Executive's duties in accordance with Company's expense policy prior to the date of Executive's termination; provided
claims for such reimbursement (accompanied by appropriate supporting documentation) are submitted to the Company within ninety (90) days following the date of Executive's termination of
employment; and

	c.
	Such
Executive Benefits, if any, as to which Executive may be entitled under the Executive benefit plans of the Company (the amounts described in
sections IV.A.3 (a) through (c) above being referred to as the "Accrued Rights"). 

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	B.
	Disability or Death.

	1.
	The
Employment Term and Executive's employment hereunder shall terminate upon Executive's death and may be terminated by the Company if Executive becomes
physically or mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four
(24) consecutive month period to perform Executive's duties hereunder (such incapacity is hereinafter referred to as "Disability"). Any question
as to the existence of a Disability of Executive as to which Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to Executive
and the Company. If Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make
such determination in writing. The determination of Disability made in writing to the Company and Executive shall be final and conclusive for all purposes of the Agreement.

	2.
	Upon
termination of Executive's employment hereunder for either death or Disability, Executive or Executive's estate (as the case may be) shall be entitled
to receive within thirty (30) days the following:

	a.
	The
Accrued Rights;

	b.
	Pro
rata portion (based on the percentage of the Fiscal Year that shall have elapsed through the date of Executive's termination of employment) of the most
recent Annual Bonus awarded to Executive (the "Pro Rata Bonus"); and

	c.
	Company
paid COBRA coverage for twelve (12) months for Executive's eligible dependents in the event of his death;

	C.
	By the Company Without Cause or Resignation by Executive for Good Reason.

	1.
	The
Employment Term and Executive's employment hereunder may be terminated by the Company without Cause or by Executive's resignation for Good Reason.

	2.
	For
purposes of this Agreement, "Good Reason" shall mean (A) any material reduction in Executive's
position, duties, authority or compensation from those described in this Agreement; or (B) any relocation of the Company's corporate office that is more than fifty (50) miles from its
current location; or (C) the Company's breach of a material term of this Agreement or material duty owed to the Executive; provided that either
of the events described in clauses (A), (B), and (C) of this Section IV.C.2 shall constitute Good Reason only if the Company fails to cure such event within ten
(10) business days after receipt from Executive of written notice of the event which constitutes Good Reason; provided,  further, that "Good Reason"
shall cease to exist for an event on the sixtieth (60th) day following the later of its occurrence or Executive's knowledge
thereof, unless Executive has given the Company written notice thereof prior to such date.

	3.
	If
Executive's employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason,
Executive shall be entitled to receive:

	a.
	The
Accrued Rights;

	b.
	Continued
payment of the Base Salary for twelve (12) months immediately following the date of such termination, in accordance with the Company's
normal payroll practices; 

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	c.
	Company
paid COBRA coverage for twelve (12) months immediately following the date of such termination or until Executive obtains comparable
employment, whichever is shorter;

	d.
	Outplacement
services for twelve (12) months immediately following the date of such termination or until Executive obtains comparable employment,
whichever is shorter; and

	e.
	Executive
shall be entitled to acceleration of vesting for all unvested equity awards of the Company (including but not limited to any unvested options and
restricted stock) under the Equity Plan.

	D.
	By the Company Without Cause or Resignation by Executive for Good Reason Within 12 Months Following a Change in
Control.

	1.
	For
purposes of this Agreement, a "Change in Control" means:

	a.
	Any
person or any persons acting together which would constitute a "group" for purposes of
Section 13(d) of the Exchange Act, other than Tontine Capital Partners L.P. and its affiliates, the Company or any subsidiary, shall "beneficially
own" (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended from time to time), directly or indirectly, at least fifty percent (50%)
of the ordinary voting power of all classes of capital stock of the Company entitled to vote generally in the election of the Board; or

	b.
	Current
Directors (as defined below) shall cease for any reason to constitute at least a majority of the members of the Board (for these purposes, a
"Current Director" means, as of the date of determination, any person who (1) was a member of the Board on the date that the Company's Joint Plan
of Reorganization under Chapter 11 of the United States Bankruptcy Code became effective or (2) was nominated for election or elected to the Board with the affirmative vote of a majority
of the current directors who were members of the Board at the time of such nomination or election), or (B) at any meeting of the stockholders of the Company called for the purpose of electing
directors, a majority of the persons nominated by the Board for election as directors shall fail to be elected; or

	c.
	The
consummation of a sale, lease, exchange or other disposition (in one transaction or a series of transactions) of all or substantially all of the assets
of the Company.

	d.
	A
transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company's incorporation or to create a holding
company that will be owned in substantially the same proportions by the persons who held the Company's securities immediately before such transaction.

	2.
	Upon
the consummation of a Change in Control during the Employment Term, Executive shall be entitled to acceleration of vesting for all unvested equity
awards of the Company (including but not limited to any unvested options and restricted stock) under the Equity Plan.

	3.
	Notwithstanding
the foregoing, for a period of two (2) years from the Effective Date of this Agreement, the Executive may, at Executive's sole
discretion, elect to terminate Executive's employment on such Change in Control by providing written notice to the 

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Company
prior to the closing of the transaction giving rise to the Change in Control. In such case, Executive shall receive from Company the following: 

	a.
	Continued
payment of the Base Salary for twelve (12) months immediately following the date of such termination, in accordance with the Company's
normal payroll practices as in effect on the date of such termination and within thirty (30) days of such termination the greater of (a) pro rata portion (based on the percentage of the
Fiscal Year that shall have elapsed through the date of Executive's termination of employment) of the Annual Bonus Opportunity for the Fiscal Year in which such termination occurs or (b) the
amount of the most recent Annual Bonus awarded to Executive; provided that the aggregate amount described in this Section IV.D.3.a. shall be reduced by the present value of any other cash
severance or termination benefits payable to Executive under any other plans, programs or arrangements of the Company or its affiliates not presently in effect or not approved by the Committee; if
such other plans, programs or arrangements would provide greater overall benefit then Mr. Robertson may elect to take such benefits in lieu of those benefits herein.

	b.
	Company
paid COBRA coverage for twelve (12) months immediately following the date of such termination or until Executive obtains comparable
employment, whichever is shorter;

	c.
	Outplacement
services for twelve (12) months immediately following the date of such termination or until Executive obtains comparable employment,
whichever is shorter; and

	d.
	Executive
shall be entitled to acceleration of vesting for all unvested equity awards of the Company (including but not limited to any unvested options and
restricted stock) under the Equity Plan.

	4.
	Notwithstanding
the foregoing, if Executive's employment is terminated by the Company without Cause (other than by reason of death or Disability) or if
Executive resigns for Good Reason within twelve (12) months following a Change in Control, Executive shall be entitled to the following:

	a.
	The
Accrued Rights;

	b.
	Continued
payment of the Base Salary for eighteen (18) months immediately following the date of such termination, in accordance with the Company's
normal payroll practices, as in effect on the date of such termination and within thirty (30) days of such termination one (1) times the most recent Annual Bonus awarded to Executive;
provided that the aggregate amount described in this Section IV.D.4.b. shall be reduced by the present value of any other cash severance or termination benefits payable to Executive under any
other plans, programs or arrangements of the Company or its affiliates or its affiliates and not approved by the Committee or Board of Directors; if such other plans, programs or would provide greater
overall benefit then Mr. Robertson may elect to take such benefits in lieu of those benefits herein;

	c.
	Company
paid COBRA coverage for eighteen (18) months immediately following the date of such termination or until Executive obtains comparable
employment, whichever is shorter; 

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	d.
	Outplacement
services for twelve (12) months immediately following the date of such termination or until Executive obtains comparable employment,
whichever is shorter; and

	e.
	Executive
shall be entitled to acceleration of vesting for all unvested equity awards of the Company (including but not limited to any unvested options and
restricted stock) under the Equity Plan.

	E.
	Notice of Termination.    Any purported termination of employment by the Company or by Executive
(other than due to Executive's death) shall be communicated by written Notice of Termination to the other party hereto in accordance with VIII.I. hereof. With respect to any termination of employment
by Executive, such notice of termination shall be communicated to the Company at least thirty (30) days prior to such termination. For purposes of this Agreement, a
"Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated.

	F.
	Officer Resignation.    Upon termination of Executive's employment for any reason, Executive agrees
to resign, and shall be deemed to have resigned from all positions as an officer or director of the Company and any and all of the Company's subsidiaries and will provide, upon request, such
resignation in writing.  

	V.
	Non-Disclosure;
Non-Solicitation. 

        Executive
acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as follows: 

	A.
	Confidential Information, Specialized Training and Goodwill.    As consideration for Executive's
promises in this Agreement, specifically including those non-disclosure and non-solicitation promises set forth in this Agreement, the Company shall provide Executive,
concurrently with the execution of this Agreement and also from time to time throughout the term of Executive's employment with the Company, certain confidential and/or trade secret information of the
Company as defined herein (referred to as "Confidential Information"), specialized training on how to perform the Executive's duties, and access to and contact with the Company's customers and
potential customers (referred to as "Goodwill"), which list of customers has been developed at considerable time and expense by the Company in order for the Executive to perform the duties of
Executive's employment with the Company. The term "Confidential Information" as used in this Agreement includes, but is not limited to: any information of the Company relating to the names, contact
information and other personal or business information of clients, customers, suppliers, and/or Executives; information regarding current and prospective customers' business operations, preferences,
needs and requirement; sales data; research and development, ideas, discoveries and inventions; business and marketing plans; business opportunities; sales techniques; costs; prices; estimating or bid
processes; uses of the Company's products or services; financial information; databases; operational programs; proprietary hardware or software; agreements; forms; manuals; training materials;
processes, methods and techniques; Executive salaries and other confidential personnel information; and any other confidential, proprietary and/or trade secret information, whether or not contained in
any written documents, which Executive receives as a result of his employment with the Company and which is not generally known to individuals outside the employ of the Company. Executive acknowledges
and agrees that the Company's Confidential Information constitutes valuable, special and unique assets and trade secrets of the Company's business. Executive further acknowledges and agrees that this
Confidential Information allows the Company to maintain a competitive advantage over its competitors who do not know and 

7

 

use
this Confidential Information. Executive hereby acknowledges the receipt of the Company's Confidential Information and access to the Company's computer system containing Confidential Information
concurrently with the execution of this Agreement, and understands that Executive will further be provided with additional Confidential Information from time to time throughout the duration of
Executive's employment with the Company. Executive acknowledges and agrees that all Confidential Information, whether prepared by Executive or otherwise coming into Executive's
possession as a result of Executive's employment with the Company, shall remain at all times the exclusive property of the Company.  

	B.
	Non-Disclosure of Confidential Information.    In exchange for the Company's agreement
to provide Confidential Information to Executive, Executive hereby acknowledges and agrees that Executive will not, directly or indirectly, use such Confidential Information for Executive's own
benefit or for the benefit of any third party, or disclose or permit the disclosure of any such Confidential Information to any other person, firm, company, association or any other entity, at any
time either during or after employment with the Company, unless the President of Integrated Electrical Services, Inc. expressly consents in writing prior to any such use or disclosure.

	C.
	Non-Solicitation of Customers.    In exchange for the Company's agreement to provide
Executive with Confidential Information, specialized training and access to the Company's Goodwill, as set forth in this Agreement, during the term of Executive's employment with the Company and for a
period of two (2) years immediately following the termination of Executive's employment with the Company, regardless of the reason for such termination, Executive agrees that Executive will
not, directly or indirectly, call on, initiate any contact or communications with, solicit, induce, take away or provide assistance or services, or attempt any of the same, to any customer facility or
sites for which the customer has provided services and to whom Executive, directly or indirectly, provided service, was responsible for, solicited or had Confidential Information about during the two
(2) year period immediately preceding the termination of Executive's employment with the Company (the "Covered Customers"), on behalf of and for the direct or indirect benefit of Executive or
any other person, firm, company, association or other entity engaged in any business similar to that of the Company, which is defined for the purposes of this Agreement as the provision of electrical
contracting services. Executive further agrees not to solicit, induce, persuade or encourage, or attempt to solicit, induce, persuade or encourage any of the Covered Customers to terminate or lessen
their business relationship with the Company during the two (2) year period immediately following the termination of Executive's employment with the Company.

	D.
	Non-Solicitation of Other Executives.    As consideration for the Company's promises in
this Agreement, during the term of Executive's employment with the Company and for a period of two (2) years immediately following the termination of Executive's employment with the Company,
regardless of the reason for such termination, Executive agrees that Executive will not, directly or indirectly, solicit, induce, persuade or encourage, or attempt to solicit, induce, persuade or
encourage, any other Executives of the Company to leave their employment with the Company or to accept employment with Executive or with any other person, firm, company, association or other entity.

	E.
	Injunctive Relief; Tolling.    Executive acknowledges that money damages would not be a sufficient
remedy for any breach of the non-disclosure or non-solicitation provisions of this Agreement. Executive further acknowledges that in the event of a breach or threatened breach
by Executive of the provisions of this Agreement, the Company shall be entitled, as permitted by law, to an injunction restraining Executive from violating such provisions of this Agreement. Moreover,
in the event the Executive shall violate any legally enforceable provision of this Agreement as to which there is a specific time period during which the 

8

 

Executive
is prohibited from taking certain actions or from engaging in certain activities, as set forth in such provision, then such violation shall toll the running of such time period from the date
of such violation until the date such violation ceases. The Company shall also be entitled to pursue any other remedies available to the Company for any breach or threatened breach of this Agreement,
including the recovery of damages from Executive.  

	F.
	Return of Company Property.    Upon the earlier of Executive's termination or a specific request by
the Company, Executive agrees to return all of the Company's information and property, including but not limited to all computer hardware and software, cellular telephones, portable electronic
devices, documents, electronic files, and all Confidential Information described in this Agreement and any copies of such information, regardless of the format. Executive will not use any personal
computer to conduct company business.

	G.
	No Restrictions.    Executive represents and warrants that his employment with the Company does not
and will not breach any agreement, duty or obligation which Executive has to any other person or entity to keep in confidence confidential, proprietary and/or trade secret information belonging to
others or any agreement, duty or obligation pertaining to confidentiality, non-solicitation or non-competition. Executive agrees that he will not disclose to the Company or use
on the Company's behalf any confidential information belonging to others.

	H.
	Assignment.    Executive and the Company acknowledge and understand that this Agreement is binding
on the parties when executed. Executive also acknowledges and understands that the Company may assign this Agreement to any other person, association or entity which may hereafter acquire or succeed
to all or substantially all of the business or assets of the Company by any means whether direct or indirect, by purchase, merger, consolidation or otherwise, and that such assignment or succession
will be binding upon and will inure to the benefit of the Company and such other person, association or entity. Executive's rights and obligations under this Agreement are personal and such rights,
benefits and obligations of Executive shall not be voluntarily assigned, diverted or transferred, whether by operation of law or otherwise.

	I.
	Interpretation; Miscellaneous.    To the extent there is any conflict between this Agreement and
any other agreement between the Executive and the Company regarding any subject matter addressed herein, There are no other representations, express or implied, connected herewith. Any prior oral
discussions are deemed to be merged into this Agreement. This Agreement may not be modified except by an agreement that is in writing and executed by both parties hereto. 

        The
provisions of this Section V shall survive the termination of Executive's employment for any reason.  

	VI.
	Specific Performance.

        Executive
acknowledges and agrees that the Company's remedies at law for a breach or threatened breach of any of the provisions of Section V or Section VI herein would be
inadequate and the Company would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Executive agrees that, in the event of such a breach or
threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining
order, temporary or permanent injunction or any other equitable remedy which may then be available. 

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	VII.
	Miscellaneous.

	A.
	Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of
the State of Texas, without regard to conflict of laws principles thereof.

	B.
	Venue.    The parties hereby agree and acknowledge that any disputes arising out of or connected
with this Agreement or otherwise concerning or regarding Executive's employment with the Company and/or the termination of Executive's employment with the Company shall be determined in a State
District Court of Harris County, Texas, or in the Federal District Court for the Southern District of Texas, Houston Division, and that Executive hereby consents to personal jurisdiction in Harris
County, Texas, and waives any objection to such jurisdiction. Executive further agrees that no action shall be filed in any other court pertaining to any dispute arising out of or connected with this
Agreement or otherwise concerning or regarding Executive's employment with the Company and/or the termination of Executive's employment with the Company.

	C.
	Dispute Resolution.    Any dispute, claim or controversy arising out of or relating to this
Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this Agreement to arbitrate, shall be determined by
court of law in Houston, Harris County, Texas but only after good faith mediation between the parties has been held.

	D.
	Entire Agreement/Amendments.    This Agreement contains the entire understanding of the parties
with respect to the employment of Executive by the Company. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject
matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto.

	E.
	No Waiver.    The failure of a party to insist upon strict adherence to any term of this Agreement
on any occasion shall not be considered a waiver of such party's rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

	F.
	Severability.    In the event that any one or more of the provisions of this Agreement shall be or
become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

	G.
	Assignment.    This Agreement and all of Executive's rights and duties hereunder, shall not be
assignable or delegable by Executive. Any purported assignment or delegation by Executive in violation of the foregoing shall be null and void ab initio
and of no force and effect. This Agreement may be assigned by the Company to a person or entity which is an affiliate or a successor in interest to substantially all of the business operations of the
Company. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such affiliate or successor person or entity.

	H.
	Compliance with IRC Section 409A.    Notwithstanding anything herein to the contrary,
(i) if at the time of Executive's termination of employment with the Company Executive is a "specified Executive" as defined in Section 409A of the Internal Revenue Code of 1986, as
amended (the "Code") and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of
employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or
benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Executive) until the date that is six months following Executive's termination of employment 

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with
the Company (or the earliest date as is permitted under Section 409A of the Code) and (ii) if any other payments of money or other benefits due to Executive hereunder could cause
the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits
compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does not cause
such an accelerated or additional tax. The Company shall consult with Executive in good faith regarding the implementation of the provisions of this Section G; provided that neither the Company
nor any of its Executives or representatives shall have any liability to Executive with respect to thereto.  

	I.
	Parachute Payments.

	1.
	If
Executive is liable for the payment of any excise tax (the "Basic Excise Tax") pursuant to Section 4999 of the Internal Revenue Code of 1986, as
amended (the "Code"), or any successor or like provision, with respect to any payment or property transfers received or to be received under this Agreement or otherwise (the "Payments"), the Company
shall pay Executive an amount (the "Reimbursement Payment") which, after payment to Executive (or on Executive's behalf) of any federal, state and local taxes, including, without limitation, any
further excise tax under said Section 4999 with respect to or resulting from the Reimbursement Payment, equals the net amount of the Basic Excise Tax. 

Notwithstanding
the foregoing, if it shall be determined that Executive is entitled to a Reimbursement Payment, but that the Payments would not be subject to the Excise Tax if the Payments were
reduced by an amount that is less than 10% of the portion of the Payments that would be treated as "parachute payments" under Section 280G of the Code, then the amounts payable to Executive
under this Agreement shall be reduced (but not below zero) to the maximum amount that could be paid to Executive without giving rise to the Excise Tax (the "Safe Harbor Cap"), and no Reimbursement
Payment shall be made to Executive. The reduction of the amounts payable hereunder, if applicable, shall be made by any method of reduction elected by Executive. For purposes of reducing the Payments
to the Safe Harbor Cap, only amounts payable under this Agreement (and no other Payments) shall be reduced. If the reduction of the amounts payable hereunder would not result in a reduction of the
Payments to the Safe Harbor Cap, no amounts payable under this Agreement shall be reduced pursuant to this provision.  

	2.
	Subject
to the provisions of paragraph VII.I, all determinations required to be made under this Agreement, including whether and when a Reimbursement
Payment is required, the amount of such Reimbursement Payment, the amount of any Option Redetermination (as defined below), the reduction of the Payments to the Safe Harbor Cap and the assumptions to
be utilized in arriving at such determinations, shall be made by the public accounting firm that is retained by the Company as of the date immediately prior to the Change in Control (the "Accounting
Firm") which shall provide detailed supporting calculations both to the Company and Executive within ten (10) business days of the receipt of notice from the Company or Executive that there has
been a Payment, or such earlier time as is requested by the Company (collectively, the "Determination"). Notwithstanding the foregoing, in the event (i) the Board shall determine prior to the
Change in Control that the Accounting Firm is precluded from performing such services under applicable auditor independence rules or (ii) the Audit Committee of the Board determines that it
does not want the Accounting Firm to perform such services because of auditor independence concerns or (iii) the Accounting Firm is serving as accountant or auditor for the person(s) effecting
the Change in Control, the Board shall appoint 

11

 

another
nationally recognized public accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and
expenses of the Accounting Firm shall be borne solely by the Company and the Company shall enter into any agreement requested by the Accounting Firm in connection with the performance of the services
hereunder. 

The
Reimbursement Payment under this Agreement with respect to any Payments shall be made no later than thirty (30) days following such Payment. If the Accounting Firm determines that no Excise
Tax is payable by Executive, it shall furnish Executive with a written opinion to such effect, and to the effect that failure to report the Excise Tax, if any, on Executive's applicable federal income
tax return will not result in the imposition of a negligence or similar penalty. In the event the Accounting Firm determines that the Payments shall be reduced to the Safe Harbor Cap, it shall furnish
Executive with a written opinion to such effect. The Determination by the Accounting Firm shall be binding upon the Company and Executive. 

As
a result of the uncertainty in the application of Section 4999 of the Code at the time of the Determination, it is possible that Reimbursement Payments which will not have been made by the
Company should have been made ("Underpayment") or Reimbursement Payments are made by the Company which should not have been made ("Overpayment"), consistent with the calculations required to be made
hereunder. In the event the amount of the Reimbursement Payment is less than the amount necessary to reimburse Executive for the Excise Tax, the Accounting Firm shall determine the amount of the
Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in Section 1274(b) (2) (B) of the Code) shall be promptly paid by the Company to or
for the benefit of Executive. In the event the amount of the Reimbursement Payment exceeds the amount necessary to reimburse Executive for the Excise Tax, the Accounting Firm shall determine the
amount of the Overpayment that has been made and any such Overpayment (together with interest at the rate provided in Section 1274(b)(2) of the Code) shall be promptly paid by Executive (to the
extent Executive has received a refund if the applicable Excise Tax has been paid to the Internal Revenue Service) to or for the benefit of the Company. Executive shall cooperate; to the extent
Executive's expenses are reimbursed by the Company, with any reasonable requests by the Company in connection with any contests or disputes with the Internal Revenue Service in connection with the
Excise Tax.  

	3.
	In
the event that the Company makes a Reimbursement Payment to Executive and subsequently the Company determines that the value of any accelerated vesting of
stock options held by Executive shall be redetermined pursuant to Treasury Regulation §1.280G-1 Q/A 33 (the "Option Redetermination"), Executive shall (i) file with the
Internal Revenue Service an amended federal income tax return that claims a refund of the overpayment of the Excise Tax attributable to such Option Redetermination and (ii) promptly pay to the
Company any excise tax which is refunded to Executive; provided, that the Company shall pay all reasonable professional fees incurred in the preparation of Executive's amended federal income tax
return. If the Option Redetermination occurs in the same year that the Reimbursement Payment is included in the Executive's taxable income, then in addition to returning the refund to the Company,
Executive will also promptly return to the Company any tax benefit realized by the return of such refund and the return of the additional tax benefit payment. In the event that amounts payable to
Executive under this Agreement were reduced pursuant to the second sentence of subparagraph VII.I of this Section 10(f) and subsequently Executive determines there has been an Option
Redetermination that reduces the value of the Payments attributable to 

12

 

such
options, the Company shall promptly pay to Executive any amounts payable under this Agreement that were not previously paid solely as a result of such second sentence of subparagraph (i)
of this Section 10(f) up to the Safe Harbor Cap. All determinations pursuant to this sub-paragraph (iii) shall be made by the Accounting Firm.  

	J.
	Successors; Binding Agreement.    This Agreement shall inure to the benefit of and be binding upon
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

	K.
	Notices.    For the purpose of this Agreement, notices and all other communications provided for in
the Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail,
return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing
in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

			
	If to the Company:	 	Integrated Electrical Services, Inc.

1800 West Loop South, Suite 500

Houston, Texas 77027

Attention: General Counsel

Fax: (713) 860-1578
	
 If to Executive:	
 	
James A. Robertson

520 Fawn Glen Court

Roswell, GA 30075

Or,
to the most recent address of Executive set forth in the personnel records of the Company.  

	L.
	Executive Representation.    Executive hereby represents to the Company that the execution and
delivery of this Agreement by Executive and the Company and the performance by Executive of Executive's duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any
employment agreement or other agreement or policy to which Executive is a party or otherwise bound.

	M.
	Cooperation.    Executive shall provide Executive's reasonable cooperation in connection with any
action or proceeding (or any appeal from any action or proceeding) which relates to events occurring during Executive's employment hereunder. This provision shall survive any termination of this
Agreement.

	N.
	Withholding Taxes.    The Company may withhold from any amounts payable under this Agreement such
Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

	O.
	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. 

13

 

        IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written. 

					
	 By Executive:	 	 
	
/s James A Robertson

  James A. Robertson	
 	
12/06/2007

  Date
	
 By: Integrated Electrical Services, Inc.
	
/s/ Robert B. Callahan

 	
 	
12/06/2007

 
	Name:	 	Robert B. Callahan	 	Date
	Title:	 	Sr. Vice President, Human Resources	 	 

14Exhibit 10.32  

 EMPLOYMENT AGREEMENT  

        THIS EMPLOYMENT AGREEMENT (the
"Agreement") is entered into on November 3, 2008 (the "Effective Date"), by and between
Integrated Electrical Services, Inc. (the "Company") and Thomas E. Vossman (the "Executive"). 

        WHEREAS, the Company desires to employ Executive as Group Vice President from and after the Effective Date until such date as his
employment shall end pursuant to the terms and conditions contained herein; and 

        WHEREAS, Executive desires to be employed by the Company in such position pursuant to the terms and conditions contained herein; 

        NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and undertakings contained in this Agreement, and intending to
be legally bound, the Company and Executive hereby agree as follows: 

	I.
	Employment Term.

Subject
to Section IV.E., Executive and the Company acknowledge that this employment relationship may be terminated at any time, upon written notice to the other party for any reason, at the
option either of the Company or Executive. However, as provided in this Agreement, Executive may be entitled to certain severance benefits depending upon the circumstances of Executive's termination
of employment. The period Executive is employed by the Company under this Agreement is referred to herein as the "Employment Term". 

	II.
	Position.

	A.
	During
the Employment Term, Executive shall serve as the Company's Group Vice President, IES Commercial. In such position, Executive shall report to the
President and Chief Executive Officer of the Company and shall have the authority, responsibilities, and duties reasonably accorded to, expected of and consistent with Executive's position.

	B.
	During
the Employment Term, Executive will devote Executive's full business time and best efforts to the performance of Executive's duties hereunder and will
not engage in any other activity (for compensation or otherwise) which would, either individually or in the aggregate, conflict or interfere with or otherwise adversely affect the rendition of such
performance either directly or indirectly, without the prior written consent of the Board of Directors of the Company (the "Board").

	III.
	Compensation.

	A.
	Base Salary.    The Company shall pay Executive a base salary at the annual rate of $300,000
payable in accordance with the Company's payroll practices (the "Base Salary"). Executive shall be entitled to such increases in Base Salary, if any, as
may be determined on at least an annual basis in the sole discretion of the Compensation Committee of the Board (the "Compensation Committee").

	B.
	Annual Bonus.    For each fiscal year ("Fiscal
Year") of the Company during the Employment Term, Executive shall be given the opportunity to earn an incentive bonus (the "Annual
Bonus"). Executive's target Annual Bonus opportunity for each Fiscal Year during the Employment Term shall be not less than 100% of his Base Salary (the
"Annual Bonus Opportunity"), but prorated for the initial Fiscal Year of the Employment Term if it does not begin on the first day of such Fiscal Year.
The actual Annual Bonus payable to Executive with respect to a Fiscal Year shall be dependent upon the achievement of performance objectives established by the Compensation Committee and may be
greater or less than the Annual Bonus Opportunity depending on performance objective results. That portion of Executive's 

 

Annual
Bonus Opportunity for a Fiscal Year that is tied to objective targets established by the Compensation Committee may not be subsequently reduced by the Compensation Committee. The Compensation
Committee shall have the sole right to determine whether Executive may be entitled to a discretionary bonus and to determine the criteria to be considered in making such decision. Except as otherwise
provided herein, Executive must be an employee of the Company or an affiliate on the date any Annual Bonus earned for a Fiscal Year is to be paid, which payment shall be at the same time as annual
bonuses are paid to other similar executives of the Company.  

	C.
	Long Term Incentive Awards.    During the Employment Term, Executive shall be eligible to
participate in the Company's Long-Term Incentive Plan or its successor (the "LTIP"). Executive's annual long term award opportunities under
the LTIP shall be determined by the Compensation Committee, in its sole discretion.

	D.
	Employee Benefits.    During the Employment Term, Executive shall be eligible to participate in the
Company's employee benefit plans as in effect from time to time (collectively, "Employee Benefits") on the same basis as such employee benefit plans are
generally made available to other comparable executives of the Company.

	1.
	Vacation.    Executive shall be entitled to four (4) weeks of annual vacation leave
(prorated for Executive's initial year, if not a full year). Such leave shall be administered in accordance with the Company's policy.

	2.
	Automobile Allowance.    During the Employment Term, Executive shall be entitled to an automobile
allowance of $1,500 per month paid monthly as part of the Company's normal payroll.

	E.
	Business Expenses.    During the Employment Term, reasonable business expenses incurred by
Executive in the performance of Executive's duties hereunder shall be reimbursed by the Company in accordance with the Company's expense policy.

	IV.
	Termination.    Executive shall not have a termination of employment for purposes of this
Agreement unless such termination constitutes a "separation from service" for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and the applicable Treasury Regulations
thereunder (the "Code"). Notwithstanding any other provision of this Agreement, the provisions of this Section IV shall exclusively govern
Executive's rights upon termination of employment with the Company and its affiliates.

	A.
	By the Company for Cause or Resignation by Executive Without Good Reason.

	1.
	The
Employment Term and Executive's employment hereunder may be terminated by the Company for Cause (as defined below) or by Executive's resignation without
Good Reason (as defined in Section IV.C.2 herein);

	2.
	For
purposes of this Agreement, "Cause" shall mean (i) Executive's willful and material breach of his
terms of employment as provided; (ii) Executive's gross negligence in the performance or intentional nonperformance of any of Executive's material duties and responsibilities to the Company;
(iii) Executive's dishonesty or fraud with respect to the business, reputation or affairs of the Company which materially and adversely affects the Company (monetarily or otherwise);
(iv) Executive's conviction of, or a plea of other than not guilty to, a felony or a misdemeanor involving moral turpitude; (v) Executive's confirmed drug or alcohol abuse that
materially affects Executive's service or materially violates the Company's drug or alcohol abuse policy; (vi) Executive's material violation of the Company's personnel or similar policy, such
policy having been made available to Executive by the Company which violation materially and adversely affects the Company; 

2

 

or
(vii) Executive's having committed any material violation of any federal law regulating securities (without having relied on the advice of the Company's attorney) or having been the subject
of any final order, judicial or administrative, obtained or issued by the Securities and Exchange Commission, for any securities violation involving fraud, including, for example, any such order
consented to by Executive in which findings of facts or any legal conclusions establishing liability are neither admitted nor denied.  

	3.
	If
Executive's employment is terminated by the Company for Cause, or if Executive resigns without Good Reason, Executive shall be entitled to
receive:

	a.
	Executive's
earned, but unpaid, Base Salary through the date of termination;

	b.
	Reimbursement,
within sixty (60) days following submission by Executive to the Company of appropriate supporting documentation, for any unreimbursed
reasonable business expenses properly incurred by Executive in the performance of Executive's duties in accordance with the Company's expense policy prior to the date of Executive's termination;
provided claims for such reimbursement (accompanied by appropriate supporting documentation) are submitted to the Company within ninety (90) days following the date such expenses were incurred;
and

	c.
	Such
Employee Benefits, if any, as to which Executive may be entitled under the terms of the employee benefit plans of the Company (the amounts described in
clauses (a) through (c) of this Section IV.A.3 being referred to as the "Accrued Rights").

	B.
	Disability or Death.

	1.
	The
Employment Term and Executive's employment hereunder shall terminate upon Executive's death and may be terminated by the Company if Executive becomes
physically or mentally incapacitated and is therefore unable for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four
(24) consecutive month period to perform Executive's duties hereunder (such incapacity is hereinafter referred to as "Disability"). Any question
as to the existence of a Disability of Executive as to which Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to Executive
and the Company. If Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make
such determination in writing. The determination of Disability made in writing to the Company and Executive shall be final and conclusive for all purposes of the Agreement.

	2.
	Upon
termination of Executive's employment hereunder for either death or Disability, Executive or Executive's estate (as the case may be) shall be entitled
to receive, subject to Section IV.G., the following:

	a.
	The
Accrued Rights;

	b.
	Any
earned but unpaid Annual Bonus plus a pro rata amount (the "Pro Rata Bonus") based on a percentage of the
greater of (i) the Annual Bonus Opportunity for the Fiscal Year in which such death or Disability occurs or (ii) the Annual Bonus, if any, paid to Executive for the immediately preceding
Fiscal Year. The Pro Rata Bonus amount shall be determined based on the percentage of the Fiscal Year that shall have elapsed through the date of Executive's death or Disability; and

	c.
	An
amount, paid on the first business day of each month, equal to 150% of the applicable monthly COBRA premium under the Company's group health plan, 

3

 

continued
for the lesser of twelve (12) months or until such COBRA coverage for Executive and his eligible dependents terminates.  

	C.
	By the Company Without Cause or Resignation by Executive for Good Reason Prior to a Change in
Control.

	1.
	The
Employment Term and Executive's employment hereunder may be terminated by the Company without Cause or by Executive's resignation for Good Reason.

	2.
	For
purposes of this Agreement, "Good Reason" shall mean (A) any material reduction in Executive's
position, duties, authority, or Base Salary; (B) any relocation of Executive's primary location of work that is more than fifty (50) miles from its location as of the Effective Date; or
(C) the Company's breach of a material term of this Agreement; provided that any of the events described in clauses (A), (B) and (C) of this Section IV.C.2 shall
constitute Good Reason only if the Company fails to cure such event within thirty (30) business days after receipt from Executive of written notice of the event which constitutes Good Reason
specifying the details of such failure or event; provided, further, that "Good Reason" shall cease to exist for an event on the sixtieth (60th) day following its occurrence, unless Executive has given
the Company written notice thereof as provided above prior to such sixtieth (60th) day. If such Good Reason event is not timely cured, then Executive's employment shall terminate on the first day
following the end of the thirty (30) day cure period.

	3.
	If
Executive's employment is terminated by the Company without Cause (and other than by reason of Disability) or if Executive resigns for Good Reason,
Executive shall receive from the Company, subject to Section IV.G.:

	a.
	The
Accrued Rights;

	b.
	Continued
payment of his Base Salary for twelve (12) months following the date of such termination, in accordance with the Company's normal payroll
practices as in effect on his date of termination;

	c.
	In
a lump sum, any earned, but unpaid Annual Bonus plus an amount equal to the greater of the pro rata portion (based on the percentage of the Fiscal Year
that shall have elapsed through the date of Executive's termination of employment) of (i) the Annual Bonus Opportunity for the Fiscal Year in which such termination occurs or (ii) the
Annual Bonus, if any, paid to Executive for the immediately preceding Fiscal Year; provided that the aggregate amount described in this Section IV.C.3.c. shall be reduced by the present value
(as determined by the Board) of any other cash severance or termination benefits payable to Executive under any other plan, program or arrangement of the Company or its affiliates, unless specifically
provided otherwise by the Compensation Committee or the Board in such plan, program or arrangement;

	d.
	An
amount, paid on the first business day of each month, equal to 150% of the applicable monthly COBRA premium under the Company's group health plan for
twelve (12) months from his termination date or until Executive obtains comparable employment (as determined by the Company), whichever is shorter;

	e.
	Continuation
of the monthly automobile allowance (as described in Section III.D.2. herein) for twelve (12) months from his termination date or
until Executive obtains comparable employment (as determined by the Company), whichever is shorter;

	f.
	Outplacement
services for twelve (12) months from his termination date or until Executive obtains comparable employment (as determined by the
Company), 

4

 

whichever
is shorter (such outplacement services shall be reasonable in amount and commensurate with Executive's position); and  

	g.
	All
of Executive's unvested awards under the LTIP (including but not limited to any unvested options, restricted stock, and performance share units) shall
vest in full on the date the release provided for in Section IV.G. becomes irrevocable.

	D.
	By the Company Without Cause or Resignation by Executive for Good Reason Within 12 Months Following a Change in
Control.

	1.
	For
purposes of this Agreement, a "Change in Control" means:

	a.
	Any
person or any persons acting together which would constitute a "group" for purposes of
Section 13(d) of the Exchange Act, other than Fidelity Management & Research Co., Southpoint Capital Advisors LP, Tontine Capital Partners L.P. and their respective
affiliates, the Company or any subsidiary, shall "beneficially own" (as defined in Rule 13d-3 under the Securities Exchange Act of
1934, as amended from time to time), directly or indirectly, at least fifty percent (50%) of the ordinary voting power of all classes of capital stock of the Company entitled to vote generally in the
election of the Board; or

	b.
	Current
Directors (as defined below) shall cease for any reason to constitute at least a majority of the members of the Board (for these purposes, a
"Current Director" means, as of the date of determination, any person who (1) was a member of the Board on the date that the Company's Joint Plan
of Reorganization under Chapter 11 of the United States Bankruptcy Code became effective or (2) was nominated for election or elected to the Board with the affirmative vote of a majority
of the current directors who were members of the Board at the time of such nomination or election), or at any meeting of the stockholders of the Company called for the purpose of electing directors, a
majority of the persons nominated by the Board for election as directors shall fail to be elected; or

	c.
	The
consummation of a sale, lease, exchange or other disposition (in one transaction or a series of transactions) of all or substantially all of the assets
of the Company; provided, however, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company's incorporation or to create a holding company that
will be owned in substantially the same proportions by the persons who held the Company's securities immediately before such transaction.

	2.
	Upon
the consummation of a Change in Control during the Employment Term, all of Executive's unvested awards (including but not limited to any unvested
options, restricted stock, and performance share units) under the LTIP shall vest in full.

	3.
	If
Executive's employment is terminated by the Company without Cause (and other than by reason of Disability) or if Executive resigns for Good Reason on or
within twelve (12) months following a Change in Control, Executive shall receive from the Company (in lieu of any other severance payments or benefits under this Agreement) the following,
subject to Section IV.G.:

	a.
	The
Accrued Rights;

	b.
	Continued
payment of his Base Salary for twenty-four (24) months following the date of such termination, in accordance with the Company's
normal payroll practices as in effect on his date of termination; 

5

 

	c.
	In
a lump sum, an amount equal to two (2) times the most recent Annual Bonus paid (or payable) to Executive; provided that the aggregate amount
described in this Section IV.D.4.c. shall be reduced by the present value (as determined by the Board) of any other cash severance or termination benefits payable to Executive under any other
plan, program or arrangement of the Company or its affiliates, unless specifically provided otherwise by the Compensation Committee or the Board in such plan, program or arrangement;

	d.
	An
amount, paid on the first business day of each month, equal to 150% of the applicable COBRA premium under the Company's group health plan for twelve
(12) months from his termination date or until Executive obtains comparable employment (as determined by the Company), whichever is shorter;

	e.
	Continuation
of the monthly automobile allowance (as described in Section III.D.2. herein) for twelve (12) months from his termination date or
until Executive obtains comparable employment (as determined by the Company), whichever is shorter; and

	f.
	Outplacement
services for twelve (12) months from his termination date or until Executive obtains comparable employment (as determined by the
Company), whichever is shorter (such outplacement services shall be reasonable in amount and commensurate with Executive's position).

	E.
	Notice of Termination.    Any purported termination of employment by the Company or by Executive
(other than due to Executive's death) shall be communicated by written Notice of Termination to the other party hereto in accordance with Section VIII.I. hereof. With respect to any termination
of employment by Executive, such notice of termination shall be communicated to the Company at least thirty (30) days prior to such termination. For purposes of this Agreement, a
"Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated.

	F.
	Officer/Board Resignation.    Upon termination of Executive's employment for any reason, Executive
agrees to resign, and shall be deemed to have resigned, as of the date of such termination and to the extent applicable, from the Board (and any committees thereof) and the board of directors (and any
committees thereof) and as an officer of the Company and any and all of the Company's affiliates.

	G.
	Waiver and Release.    Notwithstanding any other provisions of this Agreement to the contrary, the
Company shall not be obligated to make or provide any severance payments or benefits provided under this Section IV, other than the Accrued Rights, unless (i) within
forty-five (45) days from the date on which Executive's employment is terminated, Executive executes and delivers to the Company a general release provided by the Company in
substantially the form of Attachment A hereto, whereby Executive releases the Company from all employment based or related claims of Executive and all obligations of the Company to Executive other
than the Company's obligations to make and provide the severance payments and benefits as provided in this Section IV and (ii) Executive does not revoke such release within the
seven-day period following his delivery of the executed release to the Company. If the requirements of this Section IV. G. are met, then, subject to Section IV.H., the
severance payments and benefits to which Executive is otherwise eligible to receive under this Section IV shall begin or be made, as applicable, within three (3) business days after the
date on which Executive's release has become nonrevocable, and shall be paid or commence, as applicable, "retroactively," without interest, as of Executive's termination date. 

6

 

	H.
	Compliance with IRC Section 409A.

	1.
	Notwithstanding
anything in this Agreement to the contrary, if at the time of Executive's termination of employment with the Company and its affiliates,
Executive is a "specified employee," as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such
termination of employment is necessary in order to avoid the additional tax under Section 409A of the Code, then the Company will defer the payment or the commencement of the payment of any
such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Executive) until the date that is six months following Executive's termination of
employment with the Company (or the earliest date as is permitted under Section 409A of the Code). Any monthly payment amounts deferred pursuant to this Section will be accumulated and paid to
Executive (without interest) six months after his termination of employment in a lump sum and the balance of payments due Executive will be paid monthly or as otherwise provided herein.

	2.
	Any
reimbursement of any costs and expenses by the Company to Executive under this Agreement shall be made by the Company in no event later than the close of
Executive's taxable year following the taxable year in which the cost or expense is incurred by Executive. The expenses incurred by Executive in any calendar year that are eligible for reimbursement
under this Agreement shall not affect the expenses incurred by Executive in any other calendar year that are eligible for reimbursement hereunder and Executive's right to receive any reimbursement
hereunder shall not be subject to liquidation or exchange for any other benefit.

	V.
	Non-Competition; Non-Solicitation.

	A.
	Executive
acknowledges and recognizes the highly competitive nature of the businesses of the Company and its affiliates and accordingly agrees as
follows:

	B.
	During
the Employment Term and for a period of one year following the date Executive ceases to be employed by the Company or an affiliate (or for a period of
two (2) years if Executive ceases to be employed by the Company or an affiliate by reason of employment termination pursuant to Section IV.A. above) (the
"Restricted Period"), Executive will not, whether on Executive's own behalf or on behalf of or in conjunction with any person, firm, partnership, joint
venture, association, corporation or other business organization, entity or enterprise whatsoever ("Person"), directly or indirectly solicit or assist
in soliciting in competition with the Company, the business of any client or prospective client:

	1.
	with
whom Executive had personal contact or dealings on behalf of the Company during the one year period preceding Executive's termination of employment;

	2.
	with
whom employees reporting to Executive have had personal contact or dealings on behalf of the Company during the one year immediately preceding the
Executive's termination of employment; or

	3.
	for
whom Executive had direct or indirect responsibility during the one year immediately preceding Executive's termination of employment.

	C.
	During
the Restricted Period, Executive will not directly or indirectly:

	1.
	engage
in any business that materially competes with any business of the Company or its affiliates (including, without limitation, businesses which the
Company or its affiliates have specific plans to conduct within twelve months from the effective of the termination and as to which Executive is personally aware of or should be personally aware of
such 

7

 

planning
in the future and as to which Executive is aware of such planning) in any geographical area that is within 100 miles of any geographical area where the Company or its affiliates manufactures,
produces, sells, leases, rents, licenses or otherwise provides its products or services and over which Executive had responsibilities (a "Competitive
Business");  

	2.
	enter
the employ of, or render any services to, any Person (or any division or controlled or controlling affiliate of any Person) who or which engages in a
Competitive Business;

	3.
	acquire
a financial interest in, or otherwise become actively involved with, any Competitive Business, directly or indirectly, as an individual, partner,
shareholder, officer, director, principal, agent, trustee or consultant; or

	4.
	interfere
with, or attempt to interfere with, business relationships (whether formed before, on or after the date of this Agreement) between the Company or
any of its affiliates and customers, clients, suppliers, partners, members or investors of the Company or its affiliates.

	D.
	Notwithstanding
anything to the contrary in this Agreement, Executive may, directly or indirectly own, solely as an investment, securities of any Person
engaged in the business of the Company or its affiliates that is publicly traded on a national stock exchange or on the over-the-counter market if Executive (i) is not a
controlling person of, or a member of a group which controls, such person or (ii) does not, directly or indirectly, own 5% or more of any class of securities of such Person.

	E.
	During
the Restricted Period, Executive will not, whether on Executive's own behalf or on behalf of or in conjunction with any Person, directly or
indirectly:

	1.
	solicit
or encourage any employee of the Company or its affiliates to leave the employment of the Company or its affiliates; or

	2.
	hire
any such employee who was employed by the Company or its affiliates as of the date of Executive's termination of employment with the Company or who left
the employment of the Company or its affiliates coincident with, or within one year prior to or after, the termination of Executive's employment with the Company.

	F.
	During
the Restricted Period, Executive will not, directly or indirectly, solicit or encourage to cease to work with the Company or its affiliates any
consultant then under contract with the Company or its affiliates.

	G.
	It
is expressly understood and agreed that although Executive and agreed that although Executive and the Company consider the restrictions contained in this
Section V to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an
unenforceable restriction against Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum
extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is
unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. 

8

 

	VI.
	Confidentiality; Intellectual Property.

	A.
	Confidentiality.

	1.
	Executive
will not at any time (whether during or after Executive's employment with the Company and its affiliates) retain or use for the benefit, purposes
or account of Executive or any other Person; or disclose, divulge, reveal, communicate, share, transfer or provide access to any Person outside the Company (other than its professional advisers who
are bound by confidentiality obligations), any non-public, proprietary or Confidential Information without the prior written authorization of the Board. For purposes of this Agreement,
"Confidential Information" means all written, electronic, machine-reproducible, oral and visual data, information, and material, including, without
limitation, business, financial, and technical information, computer programs, documents and records (including those that Executive develops in the scope of his employment) that either:
(i) the Company and its affiliates, or any of their respective customers or suppliers, treats as confidential or proprietary through markings or otherwise; (ii) relates to the Company
and its affiliates, or any of their respective customers or suppliers, or any of their respective business activities, products, or services (including software programs and techniques) and is
competitively sensitive or not generally known in the relevant trade or industry; or (iii) derives independent economic value from the investment needed to compile or create such information
and/or its not being known to, or generally ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use. Notwithstanding any provisions herein to the
contrary, the provisions of this Section VI.A do not prohibit Executive from disclosing Confidential Information in the performance of his duties under this Agreement.

	2.
	"Confidential
Information" shall not include any information that is (a) generally known to the industry or the public other than as a result of
Executive's breach of this covenant or any breach of other confidentiality obligations by third parties; (b) made legitimately available to Executive by a third party without breach of any
confidentiality obligation; or (c) required by law to be disclosed; provided that Executive shall give prompt written notice to the Company of such requirement, disclose no more information
than is so required, and cooperate with any attempts by the Company to obtain a protective order or similar treatment.

	3.
	Upon
termination of Executive's employment with the Company and its affiliates for any reason, Executive shall cease and not thereafter commence use of any
Confidential Information or intellectual property (including without limitation, any patent, invention, copyright, trade secret, trademark, trade name, logo, domain name or other source indicator)
owned or used by the Company or its affiliates; immediately destroy, delete, or return to the Company, at the Company's option, all originals and copies in any form or medium (including memoranda,
books, papers, plans, computer files, letters and other data) in Executive's possession or control (including any of the foregoing stored or located in Executive's office, home, laptop or other
computer, whether or not Company property) that contain Confidential Information or otherwise relate to the business of the Company, its affiliates and subsidiaries, except that Executive may retain
only those portions of any personal notes, notebooks and diaries that do not contain any Confidential Information; and notify and fully cooperate with the Company regarding the delivery or destruction
of any other Confidential Information of which Executive is or becomes aware.

	4.
	If
Executive has entered into a separate individual confidentiality agreement with the Company, the terms of such individual agreement shall continue (in
addition to those of 

9

 

this
Agreement) as provided therein; however to the extent of a conflict with the terms of this Agreement, the terms of this Agreement shall control.  

	B.
	Intellectual Property.

	1.
	If
Executive has created, invented, designed, developed, contributed to or improved any works of authorship, inventions, intellectual property, materials,
documents or other work product (including without limitation, research, reports, software, databases, systems, applications, presentations, textual works, content, or audiovisual materials)
("Works"), either alone or with third parties, prior to Executive's employment by the Company, that are relevant to or implicated by such employment
("Prior Works"), Executive hereby grants the Company a perpetual, non-exclusive, royalty-free, worldwide, assignable,
sublicensable license under all rights and intellectual property rights (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws)
therein for all purposes in connection with the Company's current and future business.

	2.
	If
Executive creates, invents, designs, develops, contributes to or improves any Works, either alone or with third parties, at any time during Executive's
employment by the Company and within the scope of such employment and/or with the use of any the Company resources ("Company Works"), Executive shall
promptly and fully disclose same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights
therein (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) to the Company to the extent ownership of any such rights does not
vest originally in the Company.

	3.
	Executive
agrees to keep and maintain adequate and current written records (in the form of notes, sketches, drawings, and any other form or media requested
by the Company) of all Company Works. The records will be available to and remain the sole property and intellectual property of the Company at all times.

	4.
	Executive
shall take all requested actions and execute all requested documents (including any licenses or assignments required by a government contract) at
the Company's expense (but without further remuneration) to assist the Company in validating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the Company's
rights in the Prior Works and Company Works. If the Company is unable for any other reason to secure Executive's signature on any document for this purpose, then Executive hereby irrevocably
designates and appoints the Company and its duly authorized officers and agents as Executive's agent and attorney in fact, to act for and in Executive's behalf and stead to execute any documents and
to do all other lawfully permitted acts in connection with the foregoing.

	5.
	Executive
shall not improperly use for the benefit of, bring to any premises of, divulge, disclose, communicate, reveal, transfer or provide access to, or
share with the Company any confidential, proprietary or non-public information or intellectual property relating to a former employer or other third party without the prior written
permission of such third party. Executive hereby indemnifies, holds harmless and agrees to defend the Company and its officers, directors, partners, employees, agents and representatives from any
breach of the foregoing covenant. Executive shall comply with all relevant policies and guidelines of the Company, including regarding the protection of confidential information and intellectual
property and potential conflicts of interest. Executive acknowledges that the Company may amend any such policies and guidelines from time to time, and that Executive remains at all times bound by
their most current version. 

10

 

	C.
	The
provisions of this Section VI shall survive the termination of Executive's employment for any reason.

	VII.
	Specific Performance.    Executive acknowledges and agrees that the Company's remedies at law for
a breach or threatened breach of any of the provisions of Section V or Section VI herein would be inadequate and the Company would suffer irreparable damages as a result of such breach
or threatened breach. In recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond,
shall be entitled to cease making any payments or providing any benefit otherwise required by this Agreement and obtain equitable relief in the form of specific performance, temporary restraining
order, temporary or permanent injunction or any other equitable remedy which may then be available.

	VIII.
	Miscellaneous.

	A.
	Governing Law/Venue.    This Agreement shall be governed by and construed in accordance with the
laws of the State of Texas, without regard to conflict of laws principles thereof. Each party to this Agreement hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts
in Houston, Texas, for the purposes of any proceeding arising out of or based upon this Agreement.

	B.
	Dispute Resolution.    Any dispute, claim or controversy arising out of or relating to this
Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this Agreement to arbitrate, shall be determined by
arbitration in Houston, Harris County, Texas before one arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures (Streamlined
Arbitration Rules and Procedures). Judgment on the award pursuant to such arbitration may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional
remedies in aid of arbitration from a court of appropriate jurisdiction. The arbitrator may, in its award, allocate all or part of the costs of the arbitration, including the fees of the arbitrator
and the reasonable attorneys' fees of the prevailing party.

	C.
	Entire Agreement/Amendments.    This Agreement contains the entire understanding of the parties
with respect to the employment of Executive by the Company. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject
matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto.

	D.
	No Waiver.    The failure of a party to insist upon strict adherence to any term of this Agreement
on any occasion shall not be considered a waiver of such party's rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

	E.
	Severability.    In the event that any one or more of the provisions of this Agreement shall be or
become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

	F.
	Assignment.    This Agreement and all of Executive's rights and duties hereunder, shall not be
assignable or delegable by Executive. Any purported assignment or delegation by Executive in violation of the foregoing shall be null and void ab initio
and of no force and effect. This Agreement may be assigned by the Company to a person or entity which is an affiliate or a successor in interest to substantially all of the business operations of the
Company. Upon such 

11

 

assignment,
the rights and obligations of the Company hereunder shall become the rights and obligations of such affiliate or successor person or entity.  

	G.
	Successors; Binding Agreement.    This Agreement shall inure to the benefit of and be binding upon
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

	H.
	Notices.    For the purpose of this Agreement, notices and all other communications provided for in
the Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail,
return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing
in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

			
	If to the Company:
	 	 	
 Integrated Electrical Services, Inc.

1800 West Loop South, Suite 500

Houston, Texas 77027

Attention: General Counsel

Fax: (713) 860-1578
	
 If to Executive:
	 	 	
 Thomas E. Vossman

5625 FM 1960 Rd. West, Suite 610

Houston, TX 77069

	I.
	Executive Representation.    Executive hereby represents to the Company that the execution and
delivery of this Agreement by Executive and the Company and the performance by Executive of Executive's duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any
employment agreement or other agreement or policy to which Executive is a party or otherwise bound.

	J.
	Reimbursement of Legal Expenses.    The Company shall reimburse Executive for reasonable and
customary fees charged by his attorney to provide review of and legal counsel concerning this Agreement.

	K.
	Cooperation.    Executive shall provide Executive's reasonable cooperation in connection with any
action or proceeding (or any appeal from any action or proceeding) which relates to events occurring during Executive's employment hereunder. Executive shall be entitled to reimbursement for
reasonable and customary expenses incurred for purposes of cooperating in any action or proceeding pursuant to this section. This provision shall survive any termination of this Agreement.

	L.
	Indemnification.    Executive shall be indemnified by the Company against liability as an officer
of the Company and any subsidiary or affiliate of the Company to the maximum extent permitted by applicable law. Executive's rights under this Section shall continue so long as Executive maybe subject
to such liability, whether or not this Agreement may have terminated prior thereto.

	M.
	Directors and Officers Liability Insurance.    The Company will insure Executive, for the duration
of his employment and thereafter with respect to his acts and omissions occurring 

12

 

during
such employment under a contract of director and officer liability insurance to the same extent as such insurance insures members of the Board.  

	N.
	Withholding Taxes.    The Company may withhold from any amounts payable under this Agreement such
Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

	O.
	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. 

13

 

        IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the Effective Date.

			
	Executive:	 	 
	
 /s Thomas E. Vossman

 	
 	
November 3, 2008

 
	Thomas E. Vossman	 	Date
	
 Integrated Electrical Services, Inc.:	
 	

 
	
 /s/ Robert B. Callahan

 	
 	
November 3, 2008

 
	Robert B. Callahan

Sr. Vice President, Human Resources	 	Date

14

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