Exhibit 10.2
MYR Group Inc. 2006 Stock Option
Plan
NOTICE OF GRANT
(Amended May 12,
2009)
MYR Group Inc. (the
“Company”), pursuant to the MYR Group Inc. 2006 Stock
Option Plan (the “Plan”), hereby grants to the employee
named below (the “Employee”) an option to purchase
shares of the common stock of the Company (“Shares”)
subject to the terms and conditions set forth below and subject to
the terms and conditions set forth in the Plan, all of which are
incorporated herein in their entirety. A copy of the Plan is
attached to this Notice of Grant. Capitalized terms not
otherwise defined herein shall have the same meanings as set forth
in the Plan. In the event of a conflict or inconsistency
between the terms and provisions of the Plan and those contained in
this Notice of Grant, the terms and provisions set forth in the
Plan shall govern and control.
1.
Employee. This
Option is granted
to .
2. Date of
Grant. The Date of
Grant of this Option is
,
2006.
3. Type of
Option. This Option
is a nonqualified stock option. It will not be treated as an
“incentive stock option” within the meaning of section
422(b) of the Code.
4. Number of
Shares. The total
number of Shares subject to this Option is
Shares.
5. Exercise
Price. Shares may
be purchased upon exercise of this Option at an exercise price of
$
per Share.
6.
Vesting. This
Option will vest and become exercisable when the time and
performance requirements specified in Section 5(e) of the
Plan have been satisfied.
7.
Exercise. After the
vesting requirements for any portion of this Option have been
satisfied, the Option may be exercised at any time, and from time
to time, during the term of the Option, as to any or all of the
Shares that remain subject to the Option at the time of exercise,
provided that the Employee
