INDEMNIFICATION AGREEMENTIndemnification Agreement • March 13th, 2008 • Commerce Energy Group, Inc. • Electric services • Delaware
This Indemnification Agreement (this “Agreement”) is made and entered into as of March 10, 2008, by and between Commerce Energy Group, Inc., a Delaware corporation (the “Corporation”), and Michael J. Fallquist, an individual (“Indemnitee”).
COMMERCE ENERGY GROUP, INC. FALLQUIST INCENTIVE PLANRestricted Share Award Agreement • March 13th, 2008 • Commerce Energy Group, Inc. • Electric services • Delaware
In consideration of, and as a reward for, your past services rendered to the Company and to provide you with an incentive for on-going superior performance (which has a value exceeding the par value of the Restricted Shares awarded pursuant to this Agreement), you are hereby awarded Restricted Shares subject to the terms and conditions set forth in this Restricted Share Award Agreement (“Award Agreement” or “Award”), and in the Commerce Energy Group, Inc. Fallquist Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.
COMMERCE ENERGY GROUP, INC. FALLQUIST INCENTIVE PLANStock Option Award Agreement • March 13th, 2008 • Commerce Energy Group, Inc. • Electric services • Delaware
You (the “Participant”) are hereby awarded the following stock option (the “Option”) to purchase Shares of Commerce Energy Group, Inc. (the “Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Award Agreement”) and in the Commerce Energy Group, Inc. Fallquist Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, before exercising this Option.
EMPLOYMENT AGREEMENTEmployment Agreement • March 13th, 2008 • Commerce Energy Group, Inc. • Electric services • California
This Employment Agreement (“Agreement”) is entered into and effective as of March 10, 2008 (“Effective Date”), by and between COMMERCE ENERGY GROUP, INC., a Delaware corporation on behalf of itself and any and all subsidiaries (together, the “Company”) and MICHAEL J. FALLQUIST (“Executive”).
