October 2, 2020 Jeffrey L. Gendell One Sound Shore Drive, Suite 304 Greenwich, CT 06830 Dear Mr. GendellPhantom Stock Unit Award Agreement • October 5th, 2020 • IES Holdings, Inc. • Electrical work • Delaware
This letter is to memorialize the terms of your agreement with IES Holdings, Inc. (together with its subsidiaries and affiliates, the “Company”) and amends and restates in its entirety that certain letter agreement dated August 13, 2020 between you and the Company. Effective October 1, 2020, the Board of Directors of the Company hereby appoints you as Chief Executive Officer of the Company (a position that you have held in an interim capacity since July 31, 2020) under terms set forth below:
