Document:

EX-10.4

 Exhibit 10.4 
  

 
 INTEGRATED ELECTRICAL SERVICES, INC. 

[Date] 
 [Recipient] 

[Address] 
 Grant of Phantom Stock Units

 Dear [Recipient’s First Name]: 

In accordance with your election with respect to the form in which the compensation (“Director Compensation” ) payable
in respect of your services as a non-employee member of the Board of Directors (the “Board”) of Integrated Electrical Services, Inc., a Delaware corporation (the “Company”) until the next annual stockholders’
meeting will be provided, this agreement (this “Agreement”) evidences the grant (the “Grant”) to you of Phantom Stock Units under the Integrated Electrical Services, Inc. Amended and Restated 2006 Equity Incentive
Plan (the “Plan”), on the terms and conditions set forth below. This Agreement pertains only to the portion of your Director Compensation that you have elected to receive in the form of Phantom Stock Units. To the extent that you
have elected also to receive a portion of your Director Compensation in cash or in fully vested shares of the Company’s common stock, such cash or shares shall be payable on a quarterly basis in accordance with the terms and conditions of the
Company’s compensation program for its non-employee directors.  
 1. You will receive, on the last trading day in each
fiscal quarter of the Company’s              fiscal year (the “Last Quarterly Trading Day”), that number of Phantom Stock Units as is equal to the product of
(i) one-fourth of your “PSU Compensation” and (ii) the “Quarterly Closing Price.” Your PSU Compensation is that portion of your Director Compensation that you have elected to receive in the form of Phantom Stock
Units. The Quarterly Closing Price is value of a Share on the applicable Last Quarterly Trading Day, as determined based on the last reported regular way transaction effected on such date as reported on the principal exchange or quotation system
upon which the Shares are then traded (the “Closing Price”). 
 2. Each Phantom Stock Unit is a right to
receive one share of the Company’s common stock, par value $0.01 per share (a “Share”), at the time or times specified below, provided that any fractional Phantom Stock Units shall be payable in cash based on the Closing Price
on the date the Phantom Stock Units are payable to you (or, if applicable, based on the price payable to shareholders for a share of the Company’s common stock in connection with a Change in Control).  

3. Any Phantom Stock Units credited hereunder will be fully vested when granted. Except as otherwise provided below, the shares of
stock corresponding to such Phantom Stock Units shall be issuable to you on the date that you leave the Company’s board of directors for any reason (the “Separation Date”). 

 4. Notwithstanding Section 3 of this Agreement, if a Change of Control occurs on or
prior to the Separation Date that also qualifies as a change in control or effective control of the Company under the applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended, or any successor provision thereto,
the shares of stock corresponding to your Phantom Stock Units shall be payable to you on the date of the Change of Control (the “Change of Control Date”). 

5. All rights in respect of Phantom Stock Units granted under the terms and conditions of this Agreement shall belong to you and may not be
transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order,” and shall not be
subject to execution, attachment, or similar process. 
 6. This Agreement shall be binding upon and inure to the benefit of any successor
or successors of the Company or upon any lawful person claiming under you. 
 7. Except to the extent permitted by the Plan, any
modification of this Agreement will be effective only if it is in writing and signed by each party whose rights hereunder are affected thereby. 

8. This Agreement is subject to the terms of the Plan, which are hereby incorporated herein by reference. In the event of a conflict between
the terms of this Agreement and the Plan, the Plan will be the controlling document. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Plan. 

9. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to principles of
conflicts of laws. 
 By signing below, you agree that this Award is made under and governed by the terms and conditions of the Plan,
including the terms and conditions set forth in this Agreement. Please execute and return this Agreement to              and retain a copy for your records. 

 

			
	INTEGRATED ELECTRICAL SERVICES, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	Agreed:
		
		 	 
		 	

  
 2EX-10.5

 Exhibit 10.5 

FIRST AMENDMENT TO SUBLEASE AGREEMENT 

This First Amendment to Sublease Agreement is entered into as of the 1 day of April, 2016 (the “Sublease Amendment”), by and between
TONTINE ASSOCIATES LLC, having an office at One Sound Shore Drive, Suite 304, Greenwich, Connecticut 06830 (the “Sublessor”), IES SHARED SERVICES, INC. (the “Original Sublessee”), and IES MANAGEMENT
ROO, LP, sharing office space with Sublessor (the “Sublessee” and together with the Original Sublessee and the Sublessor, the “Parties”). 

WHEREAS, the Sublessor and Original Sublessee herein are parties to a Sublease dated March 29, 2012 which expired on March 31, 2016
(collectively the “Sublease”) for a portion of the premises (the “Subleased Premises”) located at One Sound Shore Drive, Suite 304, Greenwich, Connecticut 06830 (the “Lease Premises”), which is
leased by Sublessor from Sound Shore Partners LLC; 
 WHEREAS, Sublessor has renewed its Lease Agreement for the premises effective
April 1, 2016 for a term expiring on June 30, 2019 (the “Lease Agreement”); and 
 WHEREAS, the Parties desire to
amend the Sublease as set forth below to novate the Sublease with respect to the Original Sublessee and to substitute the Sublessee in place of the Original Sublessee under the Sublease; to extend the term of the Sublease to be coterminous with the
Lease Agreement; to reflect the increased lease rates therein; and to increase the size of the Subleased Premises, effective as of April 1, 2016 (the “Renewal Commencement Date”). 

NOW THEREFORE, in consideration for the mutual and reciprocal promises contained herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree to amend the Sublease as follows: 
 1. Novation and
Substitution: With immediate effect from the Renewal Commencement Date: 
  

	 	a.	Original Sublessee shall cease to be a party to the Sublease (as amended herein), and Sublessee shall become a party to the Sublease in place of Original Sublessee; 

 

	 	b.	Sublessee undertakes with the Sublessor and Original Sublessee to accept, observe, perform and discharge all the liabilities and obligations of Original Sublessee under the Sublease (as amended herein) (howsoever
arising and whether arising on, before or after the Renewal Commencement Date) in substitution for Original Sublessee; 

  

	 	c.	the Parties hereby all agree to the substitution of Sublessee in place of Original Sublessee and that Sublessee may exercise and enjoy all the rights of Original Sublessee under the Sublease (as amended herein)
(howsoever arising and whether arising on, before or after the Renewal Commencement Date) in substitution for Original Sublessee as if Sublessee had at all times been a party to the Sublease (as amended herein); and 

	 	d.	the Parties hereby release and discharge Original Sublessee from all claims, demands, liabilities and obligations under the Sublease (as amended herein) (howsoever arising and whether arising on, before or after the
Effective Date) and accept the liabilities and obligations to it of Sublessee in place of Original Sublesseee. 

 2.
Term: The term of the Sublease shall be extended for a period of three (3) years and (3) three months commencing on April 1, 2016 and expiring on June 30, 2019, (the “Extension Period”). 

3. Rent: The base rent to be paid by the Sublessee for the Extension Period shall be as follows (reflecting the increased rent under
the Lease Agreement and the increase in the Subleased Premises as set forth in paragraph 4 below): 
  

			
	 4/1/16 - 6/30/16
	  	$ 0 per month
	 7/1/16 - 3/31/17
	  	$ 8,071.88 per month
	 4/1/17 - 3/31/18
	  	$ 8,256.38 per month
	 4/1/18 - 6/30/19
	  	$ 8,440.88 per month

 4. Subleased Premises: The portion of the Subleased Premises shall be increased from 1,740 sq. ft. to
2,214 sq. ft., or 60% of the 3,690 sq. ft. total leased premises under the Lease Agreement. 
 5. Rental Credit: As of the Renewal
Commencement Date, provided that Sublessee is not then in default of the Sublease, Sublessee shall receive a rental credit in the amount of Twenty Four Thousand Two Hundred Fifteen and 63/100 ($24,215.63) Dollars (hereinafter the “Rental
Credit”) which Sublessor shall apply towards the Rent due for the months of April 2016, May 2016, and June 2016 (the “Rental Credit Period”). The Rental Credit shall abate during any period of a default by Sublessee.
In the event the Sublessee is in default at any time during this Sublease, any Rental Credit provided shall be negated and recoverable by the Sublessor and may be sued for in a non-payment proceeding. 

6. Renewal Option: Sublessee has the option to renew pursuant to the Sublease terms if Sublessor exercises their option to renew under
the Second Amendment to Lease effective April 1, 2016. 
 7. All other terms and conditions of the Sublease shall remain the same and
in full force and effect. 
 [Signature Page to Follow] 

 IN WITNESS WHEREOF, the parties have signed this Amendment to Sublease as of the date first
written above. 
  

									
	SUBLESSOR:	 		 	SUBLESSEE:
			
	TONTINE ASSOCIATES LLC, a Delaware limited liability company	 		 	IES MANAGEMENT ROO, LP, a Texas limited partnership
					
	By:	 	/s/ Jeffrey Gendell	 		 	By:	 	IES OPERATIONS GROUP, INC., its General Partner
	Its:	 	Managing Member	 		 	  
 By:
	 	 /s/ Tracy McLauchlin

		 		 		 	Title:	 	President and Treasurer

			
	 IES SHARED SERVICES, INC.,
 a
Delaware corporation

		
	By:	 	/s/ Tracy McLauchlin
	Its:	 	President and Treasurer

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