Exhibit 99.5
This Agreement, dated February 10, 1997, is by and among KSW, Inc.,
("the Company") its subsidiary KSW Mechanical Services, Inc. ("Services"), both
Delaware corporations with offices at 00-00 00xx Xxxxxx, Xxxx Xxxxxx Xxxx, Xxx
Xxxx 00000, and Xxxxx Xxxxxxxx, an executive/employee of Services.
WHEREAS, it is usual and customary for Services to reward the prior
year's efforts of its managerial employees during the first quarter of the
succeeding year at which time the year end results have been finally determined;
and
WHEREAS, the Company believes it is beneficial to conserve
capital in order to sustain growth; and
WHEREAS, the Company believes it is beneficial for Services' executive
employees to hold an equity position in the Company; it is agreed that
As a portion of his bonus for 1996, the undersigned employee shall receive
10,000 shares of KSW, Inc. stock, registered under the Securities Act of 1933,
as amended, under a Registration Statement on Form S-8.
This Agreement shall not be construed as an employment agreement and shall
not affect the terms or conditions of employment of the undersigned employee.
The undersigned agrees that this Agreement shall not be assignable by him.
The foregoing is the entire agreement among the parties with respect to the
subject hereof and may not be amended, supplemented, canceled or discharged
except by written instrument executed by the parties hereto.
This Agreement is to be governed by and construed in accordance with the
laws of the State of New York, without giving effect to principles of conflicts
of law.
IN WITNESS WHEREOF, the Company and Services have caused this Agreement
to be signed by their duly authorized officers, and the Employee has signed this
Agreement, all as of the date first above written.
KSW, INC.
By: /S/ XXXXX XXXXXX
Xxxxx Xxxxxx
Chief Executive Officer
KSW MECHANICAL SERVICES, INC.
By: /S/ XXXXX XXXXXX
Xxxxx Xxxxxx
Chief Executive Officer
/S/ XXXXX XXXXXXXX
Xxxxx Xxxxxxxx
