SEC Contract Filing

Filing Date: 2020-07-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>ex_195383.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<html><head>
	<title>ex_183348.htm</title>

	<meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.3</b></font></p>

<p style="margin-bottom: 0px; text-align: left; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

<p style="margin-bottom: 0px; text-align: left; margin-top: 0px">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:50.7%;margin-right:0pt;margin-top:0pt;text-align:left;">Name:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:50.7%;margin-right:0pt;margin-top:0pt;text-align:left;">Award Date:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:50.7%;margin-right:0pt;margin-top:0pt;text-align:left;">Deferred Stock Units</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:50.7%;margin-right:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b>Director Deferred Stock Unit Agreement for Grants in Lieu of Second Quarter 2020 Retainer under the</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b>Amended and Restated Aegion Corporation 2016 Non-Employee Director Equity Plan </b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Aegion Corporation (the &#8220;<b>Company</b>&#8221;) hereby awards to you the number of Deferred Stock Units shown above, effective as of the Award Date.&nbsp; Each Deferred Stock Unit represents the obligation of the Company to transfer one share of the Company&#8217;s Class A common stock, par value $0.01 per share (the &#8220;<b>Common Stock</b>&#8221;) to you at the time provided in this Agreement.&nbsp; This award is granted to you pursuant to the Amended and Restated Aegion Corporation 2016 Non-Employee Director Equity Plan (the &#8220;<b>Plan</b>&#8221;), and is subject to the terms and conditions in the Plan and those set forth below.&nbsp; Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in the Plan.&nbsp; Your signature below constitutes your acceptance of this award and acknowledgment of your agreement to all the terms and conditions contained herein.&nbsp; Please return an executed copy to the Company&#8217;s General Counsel, or such officer&#8217;s designee.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

 <tr>
 <td style="width: 885px;">Accepted by Director:</td>
 <td style="width: 870px;">AEGION CORPORATION</td>
 </tr>
 <tr>
 <td style="width: 885px;">&nbsp;</td>
 <td style="width: 870px;">&nbsp;</td>
 </tr>
 <tr>
 <td style="width: 885px;">&nbsp;</td>
 <td style="width: 870px;">&nbsp;</td>
 </tr>
 <tr>
 <td style="width: 885px;"><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></td>
 <td style="width: 870px;">By:&nbsp;<u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></td>
 </tr>
 <tr>
 <td style="width: 885px;">(Name)</td>
 <td style="width: 870px;">&nbsp; &nbsp; &nbsp; &nbsp;Mark A. Menghini, Senior Vice President,</td>
 </tr>
 <tr>
 <td style="width: 885px;">&nbsp;</td>
 <td style="width: 870px;">&nbsp; &nbsp; &nbsp; &nbsp;General Counsel and Secretary</td>
 </tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Terms and Conditions</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<div class="rdgcol" style="columns: 2 auto; column-gap: 20px; height: inherit; width: inherit; overflow: visible;">
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>1.&nbsp;&nbsp; Bookkeeping Account.</b><i><b>&nbsp; </b></i>The Company will record the number of Deferred Stock Units granted to you under this Agreement to a bookkeeping account for you (the &#8220;<b>Deferred Stock Unit Account</b>&#8221;).&nbsp; Your Deferred Stock Unit Account will be reduced by the number of shares of Common Stock transferred to you in accordance with <u>Section&nbsp;3</u>.&nbsp; Your Deferred Stock Unit Account also will be adjusted from time to time for any s