Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1668

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1668
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     192,000  
        
     44,100(2) 
     236,100 
  
    Chief Executive
    Officer and acting Chief Financial Officer 
     2023  
     192,000(1)(2) 
     193,000(3) 
        
     385,000 
  
    Joseph
    E. Duey(5) 
     2024  
     82,372  
        
     43,404(2) 
     125,776 
  
    Chief Financial
    Officer (Former) 
     2023  
     250,000  
     193,000(3) 
     18,000(2) 
     461,000 
  
    Taliesin Durant 
     2024  
     190,000  
        
     102,205(2)(4) 
     292,205 
  
    Chief Legal Officer 
     2023  
     190,000  
        
     54,305(2)(4) 
     244,305 

    (1)
    Mr. Browne’s salary
    includes fees earned by Vestco, a company he owns and controls, pursuant to a services agreement between VestCo and Alt Alliance
    LLC.

    (2)
    Other compensation includes
    car allowance (USA) 

    (3)
    Bonuses paid in October
    2023 for the fiscal year ended December 31, 2022.

    (4)
    Includes housing allowance
    effective July 2023.

    (5)
    Mr. Duey resigned from
    the Company effective April 30, 2024.

Employment Agreements.

Vincent Browne

VestCo Corp., a company owned
and controlled by Vincent Browne, entered into a Professional Consulting Agreement with one of our US subsidiaries under which Alternus
pays VestCo a monthly fee of $16,000. This agreement has a five-year initial term.

Additionally, Mr. Browne
entered into an Employment Agreement (the “Browne Employment Agreement”) with an Irish subsidiary of the Company under
which Mr. Browne receives an annual base salary of €120,000 and an annual bonus of up to 100% of his salary based on achieving
certain milestones. In addition, he is