Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1436

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 3
Chunk 1436
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 is, or at
    any time during the past three (3) years was, an employee of the company;

    ●
    the director or a family
    member of the director accepted any compensation from the company in excess of $120,000 during any period of twelve (12) consecutive
    months within the three (3) years preceding the independence determination (subject to certain exemptions, including, among other
    things, compensation for board or board committee service);

    ●
    the director or a family
    member of the director is a partner in, controlling shareholder of, or an executive officer of an entity to which the company made,
    or from which the company received, payments in the current or any of the past three fiscal years that exceed 5% of the recipient’s
    consolidated gross revenue for that year or $200,000, whichever is greater (subject to certain exemptions);

    ●
    the director or a family
    member of the director is employed as an executive officer of an entity where, at any time during the past three (3) years, any of
    the executive officers of the company served on the compensation committee of such other entity; or

    ●
    the director or a family
    member of the director is a current partner of the Company’s outside auditor, or at any time during the past three (3) years
    was a partner or employee of the Company’s outside auditor, and who worked on the Company’s audit.

Under such definitions, our
Board has undertaken a review of the independence of each director. Based on the information provided by each director concerning his
or her background, employment, and affiliations, our Board has determined that Nicholas Parker, Tone Bjornov and Rolf Wikborg satisfy
the “independence” requirements under Nasdaq Rule 5605.

Board Committees

The Board has established
three standing committees: (i) audit committee (the “Audit Committee”); (ii) compensation committee (the “Compensation
Committee”); and (iii) nominating and corporate governance committee (the “Nominating and Corporate Governance Committee”).
Each of the committees operates pursuant to its charter. The committee charters will be reviewed annually by the Nominating and Corporate
Governance Committee. If appropriate, and in consultation with the chairs of the other committees, the Nominating and Corporate Governance
Committee may propose revisions to the charters. The responsibilities of each committee are described in more detail