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Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco
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Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco
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4/17/2025 2:51:56 PM
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5/28/2024 3:12:07 PM
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Board of Public Works
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Projects
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5/28/2024
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Form of executivelemployee RSU Award Agreement <br />Schedule A <br />DURABLE AUTOMATIC SELL -TO -COVER INSTRUCTION <br />This Durable Automatic Sell -to -Cover Instruction (this "instruction"), which is being <br />delivered to Ameresco, Inc. (the "Company') by the undersigned on the date set forth below (the <br />"Adoption Date"), relates to the Covered RSUs (as defined following my signature below). This <br />Instruction provides for "eligible sell -to -cover transactions" (as described in Rule IObS- <br />1 (c)(1)(i i)(D)(3) under the Securities Exchange Act of 1934 (the "Exchange Act")) and is <br />intended to satisfy the affirmative defense conditions of Rule 10M-1(c)(1) under the Exchange <br />Act. <br />I acknowledge that upon vesting and settlement of any Covered RSUs in accordance with <br />the applicable RSU's terms, whether vesting is based on the passage of time or the achievement <br />of performance goals, I will have compensation income equal to the fair market value of the <br />shares of the Company's Class A Common Stock subject to the RSUs that are settled on such <br />settlement date and that the Company is required to withhold income and employment taxes in <br />respect of that compensation income. <br />I desire to establish a plan and process to satisfy such withholding obligation in respect of <br />all Covered RSUs through an automatic sale of a portion of the shares of the Company's Class A <br />Common Stock that would otherwise be issuable to me on each applicable settlement date, such <br />portion to be in an amount sufficient to satisfy such withholding obligation, with the proceeds of <br />such sale delivered to the Company in satisfaction of such withholding obligation. <br />I understand that the Company has arranged for the administration and execution of its <br />equity incentive plans and the sale of securities by plan participants thereunder pursuant to a <br />platform administered by a third party (the "Administrator") and the Administrator's designated <br />brokerage partner. <br />Upon the settlement of any of my Covered RSUs pursuant to the Agreement after the <br />[30'h day following the Adoption Date]' [120'h day following the Adoption Date]2, I hereby <br />appoint the Administrator (or any successor administrator) to automatically sell such number of <br />shares of the Company's Class A Common Stock issuable with respect to such RSUs that vested <br />and settled as is sufficient to generate net proceeds sufficient to satisfy the Company's minimum <br />statutory withholding obligations with respect to the income recognized by me in connection <br />with the vesting and settlement of such RSUs (based on minimum statutory withholding rates for <br />all tax purposes, including payroll and social security taxes, that are applicable to such income), <br />For a Participant who is not a Section 16 officer of the Company, insert "N' day following the Adoption Date". <br />2 For a Participant who is a Section 16 officer of the Company, insert "120" day following the Adoption Date", or <br />"later of: (i) the 901 clay following the Adoption Date or (ii) two business days following the disclosure of the <br />Company's financial results in Form 10-Q or Form I O-K for the completed fiscal quarter in which this Instruction <br />was adopted (or, with respect to this clause (ii), if sooner, the 120" day after adoption of this Instruction)". <br />
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