Document:

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                                                                     EXHIBIT 4.1

                              HANOVER DIRECT, INC.
                        2000 MANAGEMENT STOCK OPTION PLAN

            1. PURPOSE. The purpose of this Hanover Direct, Inc. 2000 Management
Stock Option Plan (the "Plan") is to advance the interests of Hanover Direct,
Inc. (the "Company") and its shareholders by providing employees and officers
of, and consultants to, the Company and its affiliates, through the grant of
options to purchase shares of Common Stock (as hereinafter defined), with a
larger personal and financial interest in the success of the Company.

            2. ADMINISTRATION. The Plan shall be administered by a committee
(the "Committee") consisting of at least two members of the Board of Directors
of the Company (the "Board"). The Committee shall be constituted in such a
manner as to satisfy the requirements of applicable law, the provisions of Rule
16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or any successor rule. The Committee shall be appointed, and vacancies
shall be filled, by the Board. The Committee shall have full power and authority
to (i) select the individuals to whom Options may be granted under the Plan;
(ii) determine the number of shares of Common Stock covered by each Option and
the terms and conditions, not inconsistent with the provisions of the Plan,
governing such Option; (iii) interpret the Plan and any Option granted
thereunder; (iv) establish such rules and regulations as it deems appropriate
for the administration of the Plan; and (v) take such other action as it deems
necessary or desirable for the administration of the Plan. Any action of the
Committee with respect to the administration of the Plan shall be taken by
majority vote. The Committee's interpretation and construction of any provision
of the Plan or the terms of any Option shall be conclusive and binding on all
parties.

            3. PARTICIPANTS. Options may be granted under the Plan to any
employee or officer of, or consultant to, the Company or of any affiliate of the
Company. Nothing contained in the Plan, or in any Option granted pursuant to the
Plan, shall confer upon any employee any right to the continuation of his or her
employment, or limit in any way the Company's right to terminate his or her
employment.

            4. THE SHARES. The shares that may be delivered or purchased under
the Plan shall not exceed an aggregate of 20,000,000 shares (subject to
adjustment pursuant to Section 7) of common stock, par value $.66 2/3 per share,
of the Company (the "Common Stock") (subject to adjustment pursuant to Section
7). Such shares of Common Stock may be set aside out of the authorized but
unissued shares of Common Stock not reserved for any other purpose or out of
previously issued shares acquired by the Company and held in its treasury. Any
shares of Common Stock which, by reason of the termination or expiration of an
Option or otherwise, are no longer subject to an Option may again be subjected
to an Option under the Plan.

            5. OPTIONS. Options to purchase Common Stock ("Options") shall be
evidenced by option agreements which shall be subject to the terms and
conditions set forth in the Plan and such other terms and conditions not
inconsistent herewith as the Committee may approve.

                  (a) TYPES OF OPTIONS. Options granted under the Plan shall, as
         determined by the Committee at the time of grant, be either Options
         intended to qualify as incentive stock options under Section 422 of the
         Internal Revenue Code of 1986, as amended (the "Code") ("Incentive
         Stock Options") or Options not intended to so qualify ("Nonstatutory
         Stock Options"); provided, however, that Incentive Stock Options may be
         granted only to employees of the Company or a subsidiary (within the
         meaning of Section 424(f) of the Code) of the Company (a "Subsidiary").
         Each option agreement shall identify the Option as an Incentive Stock
         Option or as a Nonstatutory Stock Option. Notwithstanding such
         designation, however, to the extent that the aggregate fair market
         value (determined on the date of grant) of Common Stock for which a
         participant is granted Incentive Stock Options that first become
         exercisable during any given calendar year exceeds $100,000, the Option
<PAGE>
         shall be treated as a Nonqualified Stock Option. For this purpose,
         Incentive Stock Options shall be taken into account in the order in
         which  they were granted.

                  (b) PRICE. The price at which shares of Common Stock may be
         purchased upon the exercise of an Option granted under the Plan shall
         be the fair market value of such shares on the date of grant of such
         Option; provided, however, that an Incentive Stock Option granted to an
         employee who owns stock possessing more than 10% of the total combined
         voting power of all classes of stock of the Company or any parent
         (within the meaning of Section 424(e) of the Code) or Subsidiary shall
         have a purchase price for the underlying shares equal to 110% of the
         fair market value of the Common Stock on the date of grant.

                  Solely for purposes of this Section 5(b) and Section 5(a), the
         fair market value of a share of Common Stock shall be deemed to be the
         average of the closing prices of the Common Stock on the 10 trading
         days immediately preceding the date of grant and the 10 trading days
         immediately following such date.

                  (c) PER-PARTICIPANT LIMIT. No participant may be granted
         Options during any consecutive 12-month period on more than 1,000,000
         shares of Common Stock (subject to adjustment pursuant to Section 7).

                  (d) NONTRANSFERABILITY. Options granted under the Plan shall
         not be transferable other than by will or by the laws of descent and
         distribution, and, during a participant's lifetime, shall be
         exercisable only by the participant. Notwithstanding the foregoing, the
         Committee may, in the manner established by the Committee, allow a
         participant to transfer, without payment of consideration, any
         Nonstatutory Stock Option granted under the Plan to the participant's
         spouse, children, grandchildren, parents, and/or siblings, or to one or
         more trusts or partnerships for the benefit of such family members. Any
         Option so transferred shall continue to be subject to the same terms
         and conditions that applied to such Option immediately prior to its
         transfer (except that such transferred Option shall not be further
         transferable by the transferee during the transferee's lifetime).

                  (e) TERM AND EXERCISABILITY OF OPTIONS. Options may be granted
         for terms of not more than 10 years and shall be exercisable in
         accordance with such terms and conditions as are set forth in the
         option agreement evidencing the grant of such Options. In no event
         shall an Incentive Stock Option granted to an employee who owns stock
         possessing more than 10% of the total combined voting power of all
         classes of stock of the Company or any parent (within the meaning of
         Section 424(e) of the Code) or Subsidiary be exercisable after the
         expiration of five years from the date such Incentive Stock Option is
         granted.

                  Except as otherwise provided in Section 5(f), no Option
         granted under the Plan shall be exercisable by a participant during the
         first year after the date of grant of such Option.

                  (f) TERMINATION OF EMPLOYMENT. Except to the extent otherwise
         provided in the option agreement evidencing such Option, an Option may
         not be exercised after a participant ceases to be an employee, officer
         or consultant except as set forth in this Section 5(f).

                        (i) Death, Disability, or Retirement. If a participant
              ceases to be an employee, officer or consultant by reason of
              death, permanent disability (within the meaning of Section
              22(e)(3) of the Code), or, in the case of an employee, retirement
              at or after age 65, the participant (or the participant's estate
              in the event of the participant's death) may, within one (1) year
              following such cessation, exercise the Option with respect to all
              or any part of the shares of Common Stock subject thereto
              regardless of whether the Option was otherwise exercisable at the
              time of such cessation. Except in the case of the participant's
              death or permanent disability, the exercise of an Incentive Stock
              Option more than three (3) months after a participant ceases to be
              an employee of the Company or a Subsidiary will cause such Option
              to be treated as a Nonstatutory Stock Option.
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                        (ii) Other Reasons. If a participant ceases to be an
              employee, officer or consultant for any reason other than death,
              permanent disability, or retirement at or after age 65, the
              participant may, within three (3) months following such cessation,
              exercise the Option with respect to all or any part of the shares
              of Common Stock subject thereto, but only to the extent that such
              Option was exercisable at the time of such cessation.

      In no event may an Option be exercised after the expiration of the term of
such Option.

                  (g) PAYMENT. Full payment of the purchase price for shares of
         Common Stock purchased upon the exercise, in whole or in part, of an
         Option granted under the Plan shall be made at the time of such
         exercise. The purchase price may be paid in cash or, if so provided in
         the option agreement evidencing the grant of such Option, in shares of
         Common Stock valued at their fair market value on the date of purchase.
         Alternatively, if the option agreement evidencing the grant of such
         Option so provides, the Option may be exercised in whole or in part by
         delivering a properly executed exercise notice together with
         irrevocable instructions to a broker to deliver promptly to the Company
         the amount of sale or loan proceeds necessary to pay the purchase price
         and applicable withholding taxes, and such other documents as the
         Committee may determine.

            6. WITHHOLDING. No later than the date as of which an amount first
becomes includible in the gross income of a participant for Federal income tax
purposes with respect to any Option under the Plan, the participant shall pay to
the Company, or make arrangement satisfactory to the Committee regarding the
payment of, any Federal, state, or local taxes required by law to be withheld
with respect to such amount. Unless otherwise determined by the Committee,
withholding obligations may be settled with Common Stock, including Common Stock
that is part of the Option that gives rise to the withholding requirement. The
obligations of the Company under the Plan shall be conditional on such payment
or arrangements and the Company shall, to the extent permitted by law, have the
right to deduct any such taxes from any payment of any kind due to the
participant.

            7. CHANGES IN CAPITAL STRUCTURE, ETC. In the event of any merger,
share exchange, reorganization, consolidation, recapitalization,
reclassification, distribution, stock dividend, stock split, reverse stock
split, split-up, spin-off, or other similar transaction or event affecting the
Common Stock, the Committee is authorized, to the extent it deems appropriate,
to make substitutions or adjustments in the aggregate number and kind of shares
of Common Stock reserved for issuance under the Plan, in the number, kind and
price of shares of Common Stock subject to outstanding awards, and in the award
limits under the Plan (or to make provision for cash payment to the holders of
an Option). Outstanding Options shall be appropriately amended as to price and
other terms in a manner consistent with the aforementioned adjustment to the
shares of Common Stock subject to the Plan. Fractional shares resulting from any
adjustment in Options pursuant to this Section 7 may be settled in cash or
otherwise as the Committee shall determine. Notice of any adjustment shall be
given by the Company to each holder of an Option which shall have been adjusted
and such adjustment (whether or not such notice is given) shall be effective and
binding for all purposes of this Plan.

            8. EFFECTIVE DATE AND TERMINATION OF PLAN. The Plan shall become
effective on the date of its adoption by the Board, subject to the ratification
of the Plan by the affirmative vote or consent of holders of a majority of the
issued and outstanding shares of Common Stock. The Plan shall terminate 10 years
from the date of its adoption or such earlier date as the Board may determine.
Any Option outstanding under the Plan at the time of its termination shall
remain in effect in accordance with its terms and conditions and those of the
Plan.

            9. AMENDMENT. The Board may amend the Plan in any respect from time
to time; provided, however, that no amendment shall become effective unless
approved by affirmative vote of the Company's shareholders if such approval is
necessary for the continued validity of the Plan or if the failure to obtain
such approval would adversely affect the compliance of the Plan with Rule 16b-3
under the Exchange Act or any other rule or regulation. No amendment may,
without the consent of a participant, impair such participant's rights under any
Option previously granted under the Plan. The Board shall have the power, in
<PAGE>
the event of any disposition of substantially all of the assets of the Company,
its dissolution, any merger or consolidation of the Company with or into any
other corporation, or the merger or consolidation of any other corporation into
the Company, to amend all outstanding Options to terminate such Options as of
the effectiveness of such transaction. If the Board shall exercise such power,
all Options then outstanding shall be deemed to terminate upon such
effectiveness. The Board may, in its sole discretion, amend all outstanding
Options to cause them to be immediately exercisable prior to the effectiveness
of such termination.

            10. LEGAL AND REGULATORY REQUIREMENTS. No Option shall be
exercisable and no shares shall be delivered under the Plan except in compliance
with all applicable Federal and state laws and regulations including, without
limitation, compliance with withholding tax requirements and with the rules of
all domestic stock exchanges on which the Common Stock may be listed. Any share
certificate issued to evidence shares for which an Option is exercised may bear
such legends and statements as the Committee shall deem advisable to assure
compliance with Federal and state laws and regulations. No Option shall be
exercisable and no shares shall be delivered under the Plan, until the Company
has obtained consent or approval from regulatory bodies, Federal or state,
having jurisdiction over such matters as the Committee may deem advisable. In
the case of the exercise of an Option by a person or estate acquiring the right
to exercise the Option by bequest or inheritance, the Committee may require
reasonable evidence as to the ownership of the Option and may require consents
and releases of taxing authorities that it may deem advisable.

            11. GENERAL PROVISIONS. (a) Nothing contained in the Plan, or in any
Option granted pursuant to the Plan, shall confer upon any employee any right to
the continuation of the employee's employment. (b) Nothing contained in the
Plan, or in any Option granted under the Plan, shall be construed to prevent the
Company from taking any corporate action which is deemed by the Company to be
appropriate or in its best interest, whether or not such action would have an
adverse effect on the Plan or any Option granted under the Plan. No participant,
beneficiary, or other person shall have any claim against the Company as a
result of any such action. (c) The Plan and all Options made and actions taken
thereunder shall be governed by and construed in accordance with the laws of the
State of New York.<PAGE>

                                                                    Exhibit 10.2

                            INDEMNIFICATION AGREEMENT

        This INDEMNIFICATION AGREEMENT is made as of____________________ and is
entered into by and between Integrated Electrical Services, Inc., a Delaware
corporation (the "Company"), and __________ ("Indemnitee").

                                R E C I T A L S:

        WHEREAS, the certificate of incorporation and bylaws of the Company
provide for the indemnification of the Company's directors and executive
officers to the maximum extent permitted from time to time under applicable law
and, along with the Delaware General Corporation Law, contemplate that the
Company may enter into agreements with respect to such indemnification; and

        WHEREAS, the Board of Directors of the Company has concluded that it is
reasonable, prudent and in the best interests of the Company s stockholders for
the Company to contractually obligate itself to indemnify certain of its
Authorized Representatives (defined below) so that they will serve or continue
to serve with greater certainty that they will be adequately protected.

        NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Indemnitee hereby agree as follows:

        1. Definitions. For purposes of this Agreement, except as otherwise
expressly provided or unless the context otherwise requires, the following terms
shall have the following respective meanings:

               "Authorized Representative" means (i) a director, officer,
        employee, agent or fiduciary of the Company or any Subsidiary and (ii) a
        person serving at the request of the Company or any Subsidiary as a
        director, officer, employee, fiduciary or other representative of
        another Enterprise.

               "Enterprise" means any corporation, partnership, limited
        liability company, association, joint venture, trust, employee benefit
        plan or other entity.

               "Expenses" means all expenses, including (without limitation)
        reasonable fees and expenses of counsel.

               "Liabilities" means all liabilities, including (without
        limitation) the amounts of any judgments, fines, penalties, excise taxes
        and amounts paid in settlement.

        "Proceeding" means any threatened, pending or completed claim, action
        (including any action by or in the right of the Company), suit or
        proceeding (whether formal or informal, or civil, criminal,
        administrative, legislative, arbitrative or investigative) in respect of
        which Indemnitee is, was or at any time becomes, or is threatened to be
        made, a party, witness, subject or target, by reason of the fact that
        Indemnitee is or was an Authorized Representative or a prospective
        Authorized Representative.

               "Subsidiary" means, at any time, (i) any corporation of which at
        least a majority of the outstanding voting stock is owned by the Company
        at such time, directly or indirectly through subsidiaries, and (ii) any
        other Enterprise in which the Company, directly or indirectly, owns more
        than a 50% equity interest at such time.

        2. Interpretation. (a) In this Agreement, unless a clear contrary
intention appears:

                (i) the singular number includes the plural number and vice
        versa;

                (ii) reference to any gender includes each other gender;

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<PAGE>

                (iii) the words "herein," "hereof" and "hereunder" and other
        words of similar import refer to this Agreement as a whole and not to
        any particular Section or other subdivision;

                (iv) unless the context indicates otherwise, reference to any
        Section means such Section hereof; and

                (v) the words "including" (and with correlative meaning
        "include") means including, without limiting the generality of any
        description preceding such term.

               (b) The Section headings herein are for convenience only and
shall not affect the construction hereof.

               (c) No provision of this Agreement shall be interpreted or
construed against any party solely because that party or its legal
representative drafted such provision.

               (d) In the event of any ambiguity, vagueness or other similar
matter involving the interpretation or meaning of this Agreement, this Agreement
shall be liberally construed so as to provide to Indemnitee the full benefits
contemplated hereby.

               (e) If the indemnification to which Indemnitee is entitled as
respects any aspect of any claim varies between two or more provisions of this
Agreement, that provision providing the most comprehensive indemnification shall
apply.

        3. Limitation on Personal Liability. To the fullest extent permitted by
applicable law, Indemnitee shall not be personally liable to the Company or its
stockholders or third parties for monetary damages for breach of fiduciary duty
as a director or officer of the Company or for actions taken as a director or
officer of the Company, provided that the foregoing shall not eliminate or limit
the liability of Indemnitee (i) for any breach of Indemnitee s duty of loyalty
to the Company or its stockholders, (ii) for acts or omissions not in good faith
or which involve intentional misconduct or a knowing violation of law, (iii)
under Section 174, as amended, of the Delaware General Corporation Law relating
to unlawful dividend payments and unlawful stock purchases or redemptions or
(iv) for any transaction from which Indemnitee derived an improper personal
benefit.

        4. Indemnity. (a) Subject to the following provisions of this Agreement,
the Company shall hold harmless and indemnify Indemnitee against all Expenses
and Liabilities actually incurred by Indemnitee in connection with any
Proceeding; provided, however, that no indemnity shall be paid by the Company
pursuant to this Agreement:

                (i) for amounts actually paid to Indemnitee pursuant to one or
        more policies of directors and officers liability insurance maintained
        by the Company or pursuant to a trust fund, letter of credit or other
        security or funding arrangement provided by the Company; provided,
        however, that if it should subsequently be determined that Indemnitee is
        not entitled to retain any such amount, this clause (i) shall no longer
        apply to such amount;

                (ii) in respect of remuneration paid to Indemnitee if it shall
        be determined by a final judgment or other final adjudication that
        payment of such remuneration was in violation of applicable law;

                (iii) on account of Indemnitee s conduct which is finally
        adjudged to constitute willful misconduct or to have been knowingly
        fraudulent, deliberately dishonest or from which the Indemnitee derives
        an improper personal benefit; or

                (iv) on account of any suit in which final judgment is rendered
        against Indemnitee for an accounting of profits made from the sale or
        purchase by Indemnitee of securities of the Company pursuant to the
        provisions of Section 16(b) of the Securities Exchange Act of 1934, as
        amended.

        (b) If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for only a portion (but not, however, for the
total amount) of any Expenses or Liabilities actually incurred by Indemnitee in
connection with any Proceeding, the Company shall nevertheless indemnify
Indemnitee for the portion of such Expenses and Liabilities to which Indemnitee
is entitled. If the indemnification provided for herein in

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<PAGE>

respect of any Expenses or Liabilities actually incurred by Indemnitee in
connection with any Proceeding is finally determined by a court of competent
jurisdiction to be prohibited by applicable law, then the Company, in lieu of
indemnifying Indemnitee, shall contribute to the amount paid or payable by
Indemnitee as a result of such Expenses and Liabilities in such proportion as is
appropriate to reflect (i) the relative benefits received by the Company on the
one hand and Indemnitee on the other hand from the events, circumstances,
conditions, happenings, actions or transactions from which such Proceeding
arose, (ii) the relative fault of the Company (including its other Authorized
Representatives) on the one hand and of Indemnitee on the other hand in
connection with the events, circumstances and happenings which resulted in such
Expenses and Liabilities, such relative fault to be determined by reference to,
among other things, the parties relative intent, knowledge, access to
information and opportunity to correct or prevent the events, circumstances
and/or happenings resulting in such Expenses and Liabilities, and (iii) any
other relevant equitable considerations, it being agreed that it would not be
just and equitable if such contribution were determined by pro rata or other
method of allocation which does not take into account the foregoing equitable
considerations.

        (c) The indemnification provided herein shall be applicable only to
Proceedings commenced after the date hereof, regardless, however, of whether
they arise from acts, omissions, facts or circumstances occurring before or
after the date hereof.

        (d) The indemnification provided herein shall be applicable whether or
not negligence of Indemnitee is alleged or proved, and regardless of whether
such negligence be contributory or sole.

        (e) Amounts paid by the Company to Indemnitee under this Section 4 are
subject to refund by Indemnitee as provided in Section 8.

        5. Notification and Defense of Claims. (a) Promptly after the receipt by
Indemnitee of notice of the commencement of any Proceeding, Indemnitee will, if
a claim in respect thereof is to be made against the Company under this
Agreement, notify the Company of the commencement of such Proceeding; provided,
however, that the omission to so notify the Company will not relieve the Company
(i) from any liability which it may have to Indemnitee under this Agreement
unless, and then only to the extent that, such omission results in insufficient
time being available to permit the Company or its counsel to effectively defend
against or make timely response to any loss, claim, damage, liability or expense
resulting from such Proceeding or otherwise has a material adverse effect on the
Company s ability to promptly deal with such loss, claim, damage, liability or
expense or (ii) from any liability which it may have to Indemnitee otherwise
than under this Agreement.

        (b) The following provisions shall apply with respect to any such
Proceeding as to which Indemnitee notifies the Company of the commencement
thereof:

                (i) The Company shall be entitled to participate therein at its
        own expense.

        (ii)Except as otherwise provided below, to the extent it may elect to do
        so, the Company (jointly with any other indemnifying party similarly
        notified) will be entitled to assume the defense thereof, with counsel
        of its own selection reasonably satisfactory to Indemnitee. After notice
        from the Company to Indemnitee of its election so to assume the defense
        thereof, the Company will not be liable to Indemnitee under this
        Agreement for any Expenses subsequently incurred by Indemnitee in
        connection with the defense of such Proceeding other than reasonable
        costs of investigation or as otherwise provided below. Indemnitee shall
        have the right to employ separate counsel in such Proceeding but the
        fees and expenses of such counsel incurred after notice from the Company
        of its assumption of the defense thereof shall be at the expense of
        Indemnitee unless (1) the employment of separate counsel by Indemnitee
        has been authorized by the Company; (2) Indemnitee shall have reasonably
        concluded that there may be a conflict of interest between the Company
        and Indemnitee in the conduct of the defense of such Proceeding; or (3)
        the Company shall not in fact have employed counsel to assume the
        defense of such Proceeding, in each of which cases the reasonable fees
        and expenses of Indemnitee s counsel shall be borne by the Company. The
        Company shall not be entitled to assume the defense of any Proceeding
        brought by or on behalf of the Company or as to which Indemnitee shall
        have made the conclusion provided for in (2) above. Nothing in this
        subparagraph (ii) shall affect the obligation of the Company to
        indemnify Indemnitee against Expenses and Liabilities paid in settlement
        for which it is otherwise obligated hereunder.

                (iii) The Company shall not be liable to indemnify Indemnitee
        under this Agreement for any

                                       3
<PAGE>

        amounts paid in settlement of any Proceedings or claims effected without
        its prior written consent. The Company shall not settle any Proceeding
        or claim in any manner which would impose any penalty or limitation on
        Indemnitee without Indemnitee's prior written consent. Neither the
        Company nor Indemnitee will unreasonably withhold or delay its consent
        to any proposed settlement.

        6. Advancement of Expenses, etc. If requested to do so by Indemnitee
with respect to any Proceeding, the Company shall advance to or for the benefit
of Indemnitee, prior to the final disposition of such Proceeding, the Expenses
actually incurred by Indemnitee in investigating, defending or appealing such
Proceeding. Any judgments, fines or amounts to be paid in settlement of any
Proceeding shall also be advanced by the Company upon request by Indemnitee.
Advances made by the Company under this Section 6 are subject to refund by
Indemnitee as provided in Section 8.

        7. Right of Indemnitee to Bring Suit. (a) If a claim for indemnification
or a claim for an advance under this Agreement is not paid in full by the
Company within 30 days after receipt by the Company from Indemnitee of a written
request or demand therefore, Indemnitee may bring suit against the Company to
recover the unpaid amount of the claim. If, in any such action, Indemnitee makes
a prima facie showing of entitlement to indemnification under this Agreement,
the Company shall have the burden of proving that indemnification is not
required under this Agreement. The only defense to any such action shall be that
indemnification is not required by this Agreement.

        (b) In the event that any action is instituted by Indemnitee to enforce
Indemnitee's rights or to collect monies due to Indemnitee under this Agreement
and if Indemnitee is successful in such action, the Company shall reimburse
Indemnitee for all Expenses incurred by Indemnitee with respect to such action.

        8. Repayment Obligation of Indemnitee. If the Company advances or pays
any amount to Indemnitee under Section 4, 6 or 7 and if it shall thereafter be
finally adjudicated that Indemnitee was not entitled to be indemnified hereunder
for all or any portion of such amount, Indemnitee shall promptly repay such
amount or such portion thereof, as the case may be, to the Company. If the
Company advances or pays any amount to Indemnitee under Section 4, 6 or 7 and if
Indemnitee shall thereafter receive all or a portion of such amount under one or
more policies of directors and officers liability insurance maintained by the
Company or pursuant to a trust fund, letter of credit or other security or
funding arrangement provided by the Company, Indemnitee shall promptly repay
such amount or such portion thereof, as the case may be, to the Company.

        9. Changes in Law. If any change after the date of this Agreement in any
applicable law, statute or rule expands the power of the Company to indemnify
Authorized Representatives, such change shall be within the purview of
Indemnitee s rights and the Company's obligations under this Agreement. If any
change after the date of this Agreement in any applicable law, statute or rule
narrows the right of the Company to indemnify an Authorized Representative, such
change shall, to the fullest extent permitted by applicable law, leave this
Agreement and the parties rights and obligations hereunder unaffected.

        10. Continuation of Indemnity. All agreements and obligations of the
Company hereunder shall continue during the period Indemnitee is an Authorized
Representative, and shall continue after Indemnitee has ceased to occupy such
position or have such relationship so long as Indemnitee shall be subject to any
possible Proceeding.

        11. Nonexclusivity. The indemnification and other rights provided by any
provision of this Agreement shall not be deemed exclusive of any other rights to
which Indemnitee may be entitled under (i) any statutory or common law, (ii) the
Company's certificate of incorporation, (iii) the Company's bylaws, (iv) any
other agreement or (v) any vote of stockholders or disinterested directors or
otherwise, both as to action in Indemnitee's official capacity and as to action
in another capacity while occupying any of the positions or having any of the
relationships referred to in this Agreement. Nothing in this Agreement shall in
any manner affect, impair or compromise any indemnification Indemnitee has or
may have by virtue of any agreement previously entered into between Indemnitee
and the Company.

        12. Severability. If any provision of this Agreement shall be held to be
invalid, illegal or unenforceable (i) the validity, legality or enforceability
of the remaining provisions of this Agreement shall not be in any way affected
or impaired thereby and (ii) to the fullest extent possible, the provisions of
this Agreement shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable. Each

                                       4
<PAGE>

provision of this Agreement is a separate and independent portion of this
Agreement.

        13. Modification and Waiver. No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by both of the
parties. No waiver of any of the provisions of this Agreement shall be binding
unless executed in writing by the person making the waiver nor shall such waiver
constitute a continuing waiver.

        14. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be addressed (i) if to the Company, at
its principal office address as shown on the signature page hereof or such other
address as it may have designated by written notice to Indemnitee for purposes
hereof, directed to the attention of the Secretary and (ii) if to Indemnitee, at
Indemnitee s address as shown on the signature page hereof or to such other
address as Indemnitee may have designated by written notice to the Company for
purposes hereof. Each such notice or other communication shall be deemed to have
been duly given if (a) delivered by hand and receipted for by the party to whom
said notice or other communication shall have been directed, (b) transmitted by
facsimile transmission, at the time that receipt of such transmission is
confirmed, or (c) mailed by certified or registered mail with postage prepaid,
on the third business day after the date on which it is so mailed.

        15. Governing Law. This Agreement shall be deemed to be a contract made
under, and shall be governed by and construed and enforced in accordance with,
the internal laws of the State of Texas without regard to principles of
conflicts of law.

        16. Heirs, Successors and Assigns. (a) This Agreement shall be binding
upon, inure to the benefit of and be enforceable by (i) Indemnitee and
Indemnitee s personal or legal representatives, executors, administrators,
heirs, devisees and legatees and (ii) the Company and its successors and
assigns. This Agreement shall not inure to the benefit of any other person or
Enterprise.

        (b) The Company agrees to require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used herein, the term "Company" shall include any successor
to its business and/or assets as aforesaid which executes and delivers the
assumption and agreement provided for in this Section 16 or which otherwise
becomes bound by all terms and provisions of this Agreement by operation of law.

                                       5
<PAGE>

        ENTERED into on the day and year first above written.

                                            THE COMPANY:

                                            INTEGRATED ELECTRICAL SERVICES,
                                            INC.

                                            By:
                                               ---------------------------------

                                            INDEMNITEE:

                                            ------------------------------------
                                            [Signature]

                                       6

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