Amendment to Employment Agreement
Exhibit 10.41
Amendment
to
This Amendment is made effective as of
October 1, 2009 by and between First Solar, Inc. a Delaware corporation having
its principal office at 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxx, Xxxxxxx
00000 (hereinafter “Employer”) and Xxxxxxx X. Xxxxxx (hereinafter
“Employee”)
WITNESSETH:
WHEREAS,
Employer and Employee are party to an Employment Agreement dated as of November
3, 2008 (the “Employment Agreement”);
WHEREAS,
effective October 1, 2009, Employee relinquished the position of Chief Executive
Officer but remains employed as Employer’s Chairman of the Board;
WHEREAS,
the parties wish to memorialize this change in status by amending the Employment
Agreement accordingly;
NOW, THEREFORE, in consideration of the
foregoing premises, and the mutual covenants, terms and conditions set forth
herein, and intending to be legally bound hereby, Employer and Employee hereby
agree that the Employment Agreement is amended as provided herein.
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1.
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Section
1.2 of the Employment Agreement is amended to replace the phrase “in its
initial capacity as Chief Executive Officer” with the phrase “Chairman of
the Board”.
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2.
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Except
as amended above, the Employment Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF, Employer has caused
this Agreement to be executed by one of its duly authorized officers and
Employee has individually executed this Agreement, each intending to be legally
bound, as of the date first above written.
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EMPLOYER
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EMPLOYEE
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/s/ Xxxxxxx Xxxxxxx
Xxxxxxx
Xxxxxxx
Chairman,
Compensation Committee
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/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx
X. Xxxxxx
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Date: 2/15/10
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