ADDENDUM C TO EMPLOYMENT AGREEMENT
EXHIBIT 10.29
ADDENDUM C TO EMPLOYMENT AGREEMENT
This addendum is made on March 15, 2004 by and between Quantum Fuel Systems Technologies Worldwide, Inc. (herein “Quantum) and Xxxxxxx Xxxxx Xxxxx (herein “Employee”). For mutual and adequate exchange of consideration, the parties mutually agree to modify Employee’s Employment Agreement of September 1, 2002, as follows:
Section 2 of the above referenced Employment Agreement is hereby modified via incorporating the following additional language.
“2.1 (a) Effective March 15, 2004, Employee’s base salary is increased to $300,000.00 per year.”
/s/ Xxxxxxx Xxxxx Xxxxx |
/s/ Xxxx Xxxxxxxxxxx | |
Xxxxxxx Xxxxx Xxxxx |
Xxxx Xxxxxxxxxxx | |
President & CEO | ||
Dated:March 15, 2004 |
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Quantum Fuel Systems | ||
Technologies Worldwide, Inc. | ||
Dated: March 15, 2004 |