Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 148

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 148
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        | - |     |         | - |     |        |     - |    |     |       |  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. |

Outstanding Equity Awards at Fiscal Year-End As of December 31, 2023, the Company currently does not have any outstanding awards or options underlying its current Incentive Plan (as defined below). 103 2023 Equity Incentive Plan On October 9, 2022, our board of directors approved and adopted the Alternus Clean Energy Inc. 2023 Equity Incentive Plan (the “ Incentive Plan”), effective as of and contingent on the consummation of the business combination, and subject to approval of our stockholders. On December 4, 2023, the 2023 Plan was approved by our stockholders. Alternus will be authorized to grant equity and cash incentive awards to eligible service providers pursuant to the 2023 Plan. On September 26, 2024 the Company’s stockholders approved an Amendment to the Incentive Plan to increase the aggregate number of shares available for the grant of awards under the Incentive Plan from 320,000 shares to a total of 1,120,000 shares of the Company’s common stock. Summary of the Incentive Plan The following is a brief summary of the principal provisions of the Incentive Plan, and is qualified in its entirety by reference to the full text of the Incentive Plan. Purpose of the Incentive Plan The purpose of the Incentive Plan is to secure and retain the services of employees, directors and consultants, to provide incentives for such persons to exert maximum efforts for our success and to provide a means by which such persons may be given an opportunity to benefit from