THIS EMPLOYMENT AGREEMENT, made and entered into as of the 31st day of January, 1996 by and
between WATSCO, INC., a Florida corporation (hereinafter called the "Company") and ALBERT H.
NAHMAD (hereinafter called "Employee").
W I T N E S S E T H:
WHEREAS, the parties desire to execute an Employment Agreement to contain the terms of the employment of
the Employee by the Company,
NOW, THEREFORE, for good and valuable consideration the parties agree as follows:
1. EMPLOYMENT TERM
The Company agrees to continue the employment of the Employee as President and Chairman of the Board of
the Company for the period commencing February 1, 1996 and ending January 31, 1999. This contract shall,
each January 31, automatically extend one year from its then expiration date unless the Compensation Committee
shall have notified the Employee to the contrary in writing prior to that date.
The Company hereby employs Employee as President and Chairman of the Board of the Company and
Employee hereby accepts the employment and agrees to devote substantially all of his business time and attention
and best efforts to the performance of his duties hereunder which shall include such duties, authority and
responsibility on behalf of the Company as are customary for such positions and as may from time to time be
assigned to him by the Board of Directors of the Company. The Employee may serve as a Director or in other
capacities with other companies as long as it does not affect his ability to devote substantially all of his business
time and attention to the Company.
3. EXTENT OF SERVICE
Employee shall assume and perform such reasonable responsibilities and duties as may be assigned to him from
time to time by the Company. Employee, while employed by the Company shall not, at any time during the term
of this Agreement become interested directly or indirectly in any manner with any business competitive with or
similar to the business of the Company.
4. BASE COMPENSATION