EMCOR GROUP INC
SECTION 13 - MANAGEMENT STOCK OPTION PLAN
<DOCUMENT>
<TYPE>EX-10.(G-3)
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>SECTION 13 - MANAGEMENT STOCK OPTION PLAN
<TEXT>



                                EXHIBIT 10 (g-3)


           AMENDED SECTION 13 OF THE 1994 MANAGEMENT STOCK OPTION PLAN


     Unless the Committee determines otherwise at the time of grant of an Option
or thereafter by amendment of an Option,  all or any part of any Option,  to the
extent  unexercised,   shall  terminate  immediately,   upon  the  cessation  or
termination for any reason of the holder's  employment by the Corporation or any
Subsidiary,  except that the holder shall have until the end of the  three-month
period  following the cessation of his  employment  with the  Corporation or its
Subsidiaries,  and no longer,  to exercise any unexercised  Option that he could
have exercised on the day on which such employment  terminated;  provided,  that
such exercise must be  accomplished  prior to the expiration of the term of such
Option.  Notwithstanding the foregoing, if the cessation of employment is due to
retirement  on or  after  attaining  the age of  sixty-five  (65)  years,  or to
disability  (to an extent and in a manner as shall be determined in each case by
the  Committee  in  its  sole  discretion)  or  to  death,  the  holder  or  the
representative  of the estate of a deceased  holder shall have the  privilege of
exercising the Option which is unexercised at the time of such retirement, or of
such  disability  or  death;  provided,  however,  that such  exerciser  must be
accomplished  prior to the  expiration of the term of such Option and (a) within
three months of the holder's retirement or disability,  or (b) within six months
of the holder's  death,  as the case may be, unless the Committee at the time of
grant of such Option or  thereafter  by  amendment  of such  Option  permits its
exercise for a longer period but in no event after the expiration of the term of
such Option.


                                       46
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</DOCUMENT>
