EXHIBIT 10.30
[Letterhead]
August 3, 1999
Xxxxxxx X. Xxxxxxxxx
00 Xxxxxxxx Xxxx
Xxxxxxx Xxxx, Xxx Xxxx 00000
Re: Employment Agreement
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Dear Xxxx:
In consideration of your employment at-will at Plug Power, LLC ("Plug
Power") as Senior Vice President of Operations, you are entitled solely to the
following benefits in the event that you are terminated from Plug Power for any
reason other than gross misconduct, negligence, theft, dishonesty, or fraud:
1) twelve (12) months salary continuation at a salary level of 50% of your base
pay on the date of termination, and
2) continuation of your employee benefits and vesting in stock options for
twelve (12) months following your termination date as if you were an employee
of Plug Power.
Please sign in the space provided below if you agree to the foregoing
terms.
Sincerely,
/s/ Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
President & CEO
I acknowledge and accept this Employment Agreement
/s/ Xxxxxxx X. Xxxxxxxxx August 6, 1999
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