Exhibit 10.32
AGREEMENT
Xx. Xxxxxxxx Xxxx
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxx Xxxx 00000
Re: Employment Agreement
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Dear Xxxxxxxx:
As we discussed, we have agreed to amend and restate your employment
agreement dated June 2, 1997 as follows:
In consideration of your employment at-will at Plug Power, LLC ("Plug
Power") as Vice President and Chief Engineer - Residential Program, you are
entiteld solely to receive twelve (12) months salary continuation at a salary
level equal to your then-currnet base pay upon the occurrence of the following
events:
1) you terminate your employment at Plug Power; or
2) you are terminated from Plug Power for any reason other than gross
misconduct, negligence, theft, dishonesty, or fraud.
This agreement supersedes all previous agreements and constitutes the sole
and entire agreement between Plug Power and yourself regarding the subject
matter hereof.
Please sign in the space provided below if you agree to the foregoing
terms.
Sincerely,
/s/ Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
I acknowledge and accept this Employment Agreement
Xxxxxxxx Xxxx August 20, 1999
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Name Date
