SEPARATION AGREEMENTSeparation Agreement • May 10th, 2011 • Energy Conversion Devices Inc • Semiconductors & related devices
This Separation Agreement (this “Agreement”) is dated May 6, 2011, between Energy Conversion Devices, Inc. (the “Company”) and Mark Morelli (“Morelli”).
Date: May __, 2011 To: [name] [title] From: Stephen Rabinowitz Chairman of the Board of Directors Subject: Executive Retention AgreementEnergy Conversion Devices Inc • May 10th, 2011 • Semiconductors & related devices
This Retention Agreement offers two new benefits: a cash retention payment and grant of restricted stock units, as described below:
