Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1213

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1213
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 severance pay equal to two years of base salary and any unvested stock shall automatically become fully vested.
The executive may terminate the employment agreement for Good Reason (as defined in such employment agreement) with 90 days’ notice,
and Alternus shall be obligated to pay the executive severance pay equal to one year of base salary.

Outstanding Equity
Awards at Fiscal Year-End

As of December 31, 2023 and
2024, the Company currently does not have any outstanding awards or options underlying its current Incentive Plan (as defined below).

Director Compensation
Table

The following table provides
information concerning compensation paid to our directors during fiscal year ended December 31, 2024.

Members of the Board of Directors
of the predecessor entity, Clean Earth Acquisition Corporation, did not receive fees for their services in 2024.

Mr. Brown’s compensation
was as a paid executive in 2024 and he did not receive compensation for his services as a board member.

    Name 
    Fee Earned / Paid in  Cash
    ($)  
    Stock Awards ($)  
    Options ($)  
    Others ($)  
    Total ($) 
  
    John P. Thomas 
     132,000  
         -  
          -  
     5,149(1) 
     137,149 
  
    Aaron T. Ratner 
     70,000  
     -  
     -  
     -  
     70,000 
  
    Nicholas Parker 
        
     -  
     -  
     -  

    Tone Bjornov 
     22,590  
     -  
     -  
     -  
     22,590 
  
    Candice Beaumont (Former) 
        
     -  
     -  
     -  

    Vincent Browne 
        
     -  
     -  
     -  

    John McQuillan 
        
     -  
     -  
     -  

    (1)
    Mr. Thomas’ compensation
    includes fees earned under a consulting agreement entered into in July 2023 with one of our US subsidiaries.

80

Item 12. Security ownership Certain Beneficial
Owners and Management

The table below sets forth
information regarding the beneficial ownership