November 29, 2022Retention Agreement • November 29th, 2022 • Solid Power, Inc. • Miscellaneous electrical machinery, equipment & supplies • Colorado
Your service to Solid Power, Inc. (collectively with its subsidiaries, the “Company”) is critical to the success of the Company. Because of your importance to the Company, the Company would like to provide you with a retention agreement that is intended to encourage your continued service to the Company. The terms of this Retention Agreement (this “Agreement”) between you (hereafter, “you” or the “Executive”) and the Company, if you accept them, are as follows:
November 29, 2022 David B. Jansen c/o Solid Power, Inc. Re: Appointment as Temporary Chief Executive Officer Dear Dave:Restrictive Covenant Agreement • November 29th, 2022 • Solid Power, Inc. • Miscellaneous electrical machinery, equipment & supplies • Colorado
This letter agreement (this “Agreement”) is entered into between you and Solid Power, Inc. (the “Company” or “we”), effective as of the date set forth above (the “Effective Date”), to confirm the terms and conditions relating to your service as the interim Chief Executive Officer of the Company beginning as of the Effective Date. For the avoidance of doubt, the terms of your existing Letter Agreement dated August 5, 2021 shall continue in effect unless specifically modified by this Agreement. Subject to Section 6 hereof, it is expected that you will serve as the interim CEO of the Company until a permanent Chief Executive Officer of the Company (the “Successor CEO”) is appointed (the “Interim CEO Service Period”). The Company will use its reasonable efforts to appoint a Successor CEO expeditiously following the Effective Date. The terms of the existing Letter Agreement as modified by this Agreement will continue to apply indefinitely until your termination of employment with the Compan
