CHIEF EXECUTIVE OFFICER SEPARATION AND RELEASE AGREEMENT (the Separation Agreement) between FREYR Battery Norway AS (the “Company”);Separation and Release Agreement • June 6th, 2024 • FREYR Battery, Inc. /DE/ • Electronic components & accessories
The Parties agree that the employment of the CEO contemplated by the employment agreement dated September 29, 2023 (the “Employment Agreement”) shall terminate/expire on June 30, 2024 with release of work on June 6, 2024. The departure from the CEO’s position shall be governed by the provision of this Separation Agreement, supplemented by the provisions of the Employment Agreement as applicable, mutatis mutandis:
June ____5_____, 2024Separation Agreement • June 6th, 2024 • FREYR Battery, Inc. /DE/ • Electronic components & accessories
(A)The Employee was employed by the Company as the Group Chief Financial Officer of the Parent Company and its subsidiaries (including the Company) under the terms of an employment agreement made and entered into as of May 9, 2022 (the “Employment Agreement”).
EMPLOYMENT AGREEMENTEmployment Agreement • June 6th, 2024 • FREYR Battery, Inc. /DE/ • Electronic components & accessories • Delaware
This Employment Agreement (this “Agreement”) is made and entered into as of June 3, 2024 (the “Effective Date”), by and between FREYR Battery US Holding, Inc., a Delaware corporation (the “Company”), and Evan Calio (the “Employee” and, together with the Company, the “Parties”).
