SEVERANCE BENEFITS AGREEMENTSeverance Benefits Agreement • April 27th, 2010 • Active Power Inc • Electric services • Texas
THIS SEVERANCE BENEFITS AGREEMENT (the “Agreement”) is made as of the 14th day of April, 2010 between Active Power, Inc., (the “Company”), and John Penver, an individual resident of the State of Texas (“Employee”). Employee and the Company are collectively referred to herein as the “Parties.” This Agreement amends, restates and supersedes the Severance Benefits Agreement dated October 29, 2008 between Employee and the Company (the “Prior Agreement”).
SEVERANCE BENEFITS AGREEMENTSeverance Benefits Agreement • April 27th, 2010 • Active Power Inc • Electric services • Texas
THIS SEVERANCE BENEFITS AGREEMENT (the “Agreement”) is made as of the [ ] day of [ ], 2010 between Active Power, Inc., (the “Company”), and [ ], an individual resident of [ ] (“Employee”). Employee and the Company are collectively referred to herein as the “Parties.” This Agreement amends, restates and supersedes the Change of Control Severance Agreement dated [ ] between Employee and the Company (the “Prior Agreement”).
