EXHIBIT 99.2
EMPLOYEE COMPENSATION
AGREEMENT
This Agreement, dated March 17, 1998, is by and among KSW, Inc., ("the
Company") its subsidiary KSW Mechanical Services, Inc. ("Services"), both
Delaware corporations with offices at ▇▇-▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇
▇▇▇▇ ▇▇▇▇▇, and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, 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
6. As a bonus in recognition of efforts in recovering the Rockland
Psychiatric claim, the undersigned employee shall receive 8,500 shares of KSW,
Inc. stock, registered under the Securities Act of 1933, as amended, under a
Registration Statement on Form S-8.
7. This Agreement shall not be construed as an employment agreement and
shall not affect the terms or conditions of employment of the undersigned
employee.
8. The undersigned agrees that this Agreement shall not be assignable by
him.
9. 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.
10. 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/ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇,
Chief Executive Officer
KSW MECHANICAL SERVICES, INC.
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇,
Chief Executive Officer
/S/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇,
Employee
