MATRIX SERVICE COMPANY Chief Operating Officer (“COO”) Severance AgreementMatrix Service Company • September 16th, 2004 • Matrix Service Co • Construction - special trade contractors
In the event of a “change of control” in the ownership of the Company and any “adverse personnel action” against Ryan, Ryan may terminate his employment with the Company and receive one year of severance pay. In addition, all outstanding stock options will vest immediately in the event of “change of control.” This severance arrangement will apply for a period of two years following any change of control.
