SECOND AMENDMENT to the AMENDED AND RESTATED EMPLOYMENT AGREEMENT Richard S. Swartz, Jr.

 

Exhibit 10.25

 

SECOND AMENDMENT

 

to the

 

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

 

▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇.

 

This SECOND AMENDMENT, dated as of January 1, 2017, to the Amended and Restated Employment Agreement (the “Agreement”) is by and between MYR Group Inc., a Delaware corporation (the “Company”), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇., (the “Key Employee”) (capitalized terms used in this Amendment that are not defined herein shall have the meanings given them in the Agreement, unless the context clearly requires otherwise).

 

WHEREAS, on January 1, 2017, the Company’s Board of Director’s appointment of Key Employee to the position of President and Chief Executive Officer became effective; and

 

WHEREAS, the Company and Key Employee desire to amended the Agreement to be consistent with this appointment.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

Paragraph 2.2 of the Agreement is deleted in its entirety and replaced with the following:

 

2.2           Position, Duties and Services. The Key Employee shall serve in the position of President and Chief Executive Officer and shall have duties and responsibilities consistent with an executive serving in such capacity. The Key Employee shall perform such duties and responsibilities diligently and to the best of the Key Employee’s abilities. The Key Employee’s employment will be subject to the supervision and direction of the Board of Directors.

 

Paragraph 2.3 (a) of the Agreement is deleted in its entirety and replaced with the following:

 

2.3           (a)          Base Salary. Beginning on the date of this Second Amendment the Key Employee shall receive a Base Salary at the rate of Five Hundred and Sixty-five Thousand dollars ($565,000) per annum payable in periodic installments in accordance with the Company’s normal payroll practices and procedures, which Base Salary may be increased (but not decreased) by the Board or (a committee thereof) from time to time.

 

INTENDING TO BE BOUND, the parties hereto have executed this AMENDMENT as of the date first set forth above.

 

	COMPANY:
	MYR GROUP INC.
	By:	/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
	Name:	▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
	Title:	Compensation Committee Chairman
	KEY EMPLOYEE:
	/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇.
	Name	▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇.