Basic earnings Clause Samples

Basic earnings. (LOSS) PER SHARE: ----------- $ 28,710 =========== ----------- $ (273,351) =========== ----------- $ 20,430 =========== Basic earnings per share before cumulative effect of change in accounting principle...................... $ 0.71 $ 0.25 $ 0.52 Cumulative effect of change in accounting principle... Basic earnings (loss) per share....................... DILUTED EARNINGS (LOSS) PER SHARE: =========== $ -- =========== $ 0.71 =========== =========== $ (7.11) =========== $ (6.86) =========== =========== $ -- =========== $ 0.52 =========== Diluted earnings per share before cumulative effect of change in accounting principle...................... $ 0.70 $ 0.25 $ 0.52 Cumulative effect of change in accounting principle... Diluted earnings (loss) per share..................... SHARES USED IN THE COMPUTATION OF EARNINGS (LOSS) PER =========== $ -- =========== $ 0.70 =========== =========== $ (7.11) =========== $ (6.86) =========== =========== $ -- =========== $ 0.52 =========== SHARE: Basic............................................... 40,402,533 39,847,591 39,062,776 Diluted............................................. =========== 40,899,790 =========== =========== 39,847,591 =========== =========== 39,225,312 =========== The accompanying notes are an integral part of these consolidated financial statements. INTEGRATED ELECTRICAL SERVICES, INC., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (IN THOUSANDS, EXCEPT SHARE INFORMATION) ------------------- ------------------ --------------------- PAID-IN EARNINGS STOCKHOLDERS' ------ --------- ------ ---------- -------- ---------- --------- -------------

Basic earnings. For a commissioned salesperson: during the initial year of Employment, base salary plus quota as the Employer at the date of hire. during the second year of Employment, base salary plus actual commissions earned during the most recent month fiscal period. during subsequent years, base salary plus average annual commissions on most recent fiscal years commissions earned. For any other Employee, the salary or wage from the Employer, excluding any bonus, commission, overtime or incentive pay. Class It does not include a nursing home, rest home, home for the aged, a convalescent hospital or a place for the care and treatment of drug addicts or alcoholics. Convalescent Hospital an institution designated as such by law for the convalescent care and treatment, on an in-patient basis, of sick and injured persons, which is entitled to a per diem allowance under the hospital plan of the province where it is located. It does not include a nursing home, rest home, home for the aged, or a place for the care and treatment of drug addicts or alcoholics. Totally Disabled For the Weekly Indemnity Insurance You are Totally Disabled if you are prevented by Illness from performing the duties of your own occupation and do not engage in any occupation or employment for wage or profit. For other benefits You are Totally Disabled if you are in a state of incapacity due to Illness which while it continues during the Elimination Period and the following months, prevents you from performing the essential duties of your own occupation at the onset of disability, and while it continues after such prevents you from earning at least of your Earnings at the beginning of your Elimination Period. A Dependent is Totally Disabled if he is prevented by Illness from performing his normal duties. Deemed Date of Retirement If you become Totally Disabled, your date of retirement is deemed to be on your 65th birthday unless you actually retire earlier. Waiting Period months of continuous Employment. Page Class

Basic earnings. The hours payable at may be reduced dependent upon the employee's total cumulative absent hours as defined within the Income Protection Benefit Plan (1 over the three calendar years immediately preceding the year in which each claim is submitted, as per the following: (hours reduced paid (hours reduced paid (hours reduced paid This applies to those employees who are eligible for basic income protection benefits from the: first day of accident first day of hospitalization third day of illness for a total of weeks (1,040 hours) The two-day waiting period does not affect the 26-week period of full income disability or short-term disability. The eligibility period applies to each separate occur- rence of a health-related absence or new claim in a calendar year, the exception of an unbroken absence, which occurs in one calendar year and continues into the following calendar year. This applies to those employees who have earned and are eligible for benefits from the first day of disability absence by having had the equivalent of less than three shifts absence due to non-compensable injury or illness in the previous calendar year. Benefits are payable from: first day of accident first day of hospitalization first day of illness for a total of weeks (1,040 hours) Disability periods involving hospitalization at any time during the absence shall be paid from the first day and shall not impact the following year's eligibility for An employee who is eligible for benefits shall revert to benefits in the year of their entitlement if they have had the equivalent of three shifts or more of absence due to non-compensable illness or injury. A new claim shall occur when an employee has returned to regular employment for a period of calendar days should the subsequent absence be as a result of a continuation of the same disability. When the original injury or illness results in ongoing physio- therapy, radiation treatment, chemotherapy, dialysis (or other similar ongoing treatments) being prescribed by a physician, the employee shall be paid as though hospitalized, providing that all appropriate waiting periods have been fulfilled. When an employee is admitted to a hospital overnight or when he has undergone general anaesthesia and requires monitoring by medical personnel during the period of recov- ery in the hospital or clinic, he shall be deemed to have been hospitalized.