Suspension of EMCOR Group, Inc. Incentive Plan for Senior Executive Officers
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Summary
EMCOR Group, Inc.'s Board of Directors has suspended its Incentive Plan for Senior Executive Officers, meaning no new phantom stock units will be issued for incentive awards for 2008, 2009, or future years unless the Board decides otherwise. However, phantom stock units already granted for 2006 and 2007 will remain in effect and be paid out according to the original plan terms. This decision affects only future awards and does not impact previously issued units.
EX-10.9(R)(5) 5 c56715_ex10-r5.txt EXHIBIT 10(R-5) On December 15, 2008, the Board of Directors of EMCOR Group, Inc. determined that the Incentive Plan for Senior Executive Officers (the "Plan") would be suspended so that no phantom stock units would be issued thereunder in respect of incentive awards made for calendar years 2008 and 2009 and, unless it otherwise determines, in respect of incentive awards made for ensuing years. Phantom stock units outstanding under the Plan as of December 15, 2008, which are those issued in respect of incentive awards made for calendar years 2006 and 2007, remain outstanding and are to be paid in accordance with the terms of the Plan.