Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 147

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 147
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 following: (i) the conviction of a felony, or a crime involving dishonesty or moral turpitude; (ii) fraud, misappropriation or embezzlement; or (iii) willful failure or gross negligence in the performance of assigned duties, which failure or negligence continues for more than thirty (30) days following written notice of such failure or negligence. If the executive’s employment is terminated by Alternus without Cause during the term of the Employment agreement, the Alternus must give two weeks’ prior written notice and shall pay severance pay equal to one year of base salary. If Alternus closes a ‘Change in Control’ transaction, then the employment agreement will automatically terminate, and the Company shall pay 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. 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 |     |