FUELCELL ENERGY, INC. 3 Great Pasture Road, Danbury, Connecticut, 06813
Exhibit 10.75
FUELCELL ENERGY, INC.
0 Xxxxx Xxxxxxx Xxxx, Xxxxxxx,
Xxxxxxxxxxx, 00000
0 Xxxxx Xxxxxxx Xxxx, Xxxxxxx,
Xxxxxxxxxxx, 00000
February 22, 2011
Xxxxxx X. Xxxxxx
Re: FuelCell Energy, Inc. Employment Agreement
Dear Xxx:
This letter agreement (the “Letter Agreement”) is intended to supplement your employment
agreement, dated October 5, 1998 (the “Employment Agreement”), by and between you and FuelCell
Energy, Inc. (the “Company”).
In consideration of your assumption of additional responsibilities with the Company, you shall
be entitled to receive a cash bonus of $90,000 (the “Special Bonus”). The Special Bonus shall be
payable on February 8, 2012 (the “Bonus Payment Date”) and, except as otherwise provided herein,
shall be contingent upon your continued employment with the Company through the Bonus Payment Date.
If you cease to be employed by the Company as a result of the Company’s termination of your
employment without cause pursuant to Section 7.4 of the Employment Agreement or your termination of
your employment for good reason pursuant to Section 7.1 of the Employment Agreement, the Company
shall also pay you the Special Bonus.
The obligations set forth in this letter shall be in addition to, and not in lieu of, any
other obligations set forth in the Employment Agreement. Except as specifically modified by this
Letter Agreement, the Employment Agreement shall remain in full force and effect and is hereby
ratified by the parties. To the extent that this Letter Agreement conflicts with any of the
provisions of the Employment Agreement, this Letter Agreement shall control and supersede the
Employment Agreement with respect to the subject matter hereof.
This Letter Agreement may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signature thereto and hereto were upon the same
instrument.
Sincerely, | ||||||
FUELCELL ENERGY, INC. | ||||||
/s/ Xxxxxx Xxxxxxx
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AGREED AND ACCEPTED as of this _____th day of February, 2011: |
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/s/ Xxxxxx X. Xxxxxx
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