Document:

EXHIBIT 10.2

 

VIA
ELECTRONIC DELIVERY

 

December 16, 2008

 

Mr. Edwin Lewis

59 Delafield Island Road

Darien, CT 06820

 

Dear Edwin:

 

On December 2, 2008, pursuant to paragraph 4(a) of the
Employment Agreement dated as of November 7, 2007 between GT Solar International, Inc.
(the “Company”) and you (the “Executive”), the Company provided you with thirty
(30) days notice that it is terminating your employment with the Company
without Cause.  This letter supersedes
the December 2, 2008 letter and reflects the parties agreement that you
will resign your employment effective December 17, 2008 (the “Resignation
Date”) by providing a written letter of resignation to me on December 17,
2008.

 

Please note that notwithstanding your resignation, your separation from
employment will be treated like a termination without cause and therefore you
are eligible to receive (i.) the severance benefits described in paragraph 4(b) of
the Employment Agreement dated November 7, 2007; and, (ii.) outplacement
assistance, not to exceed $50,000 at an outplacement provider selected by the
Company, if you sign and return the General Release to my attention at 243
Daniel Webster Highway, Merrimack, NH, 03054 no earlier than the Resignation
Date and no later than January 5, 2009. 
You are advised to consult with an attorney before signing the attached
General Release.  If you sign the
attached release, you may change your mind and revoke your agreement during the
seven-day period after you have signed it by notifying me in writing.  If you do not
so revoke, the General Release will become a binding agreement between the
Company and you upon the expiration of the seven-day revocation period.  I have also attached a Consulting Agreement
which will reflect the terms of the post-employment consulting arrangement we
discussed.

 

As always, if you have any questions about the matters covered in this
letter agreement, please call me at 603-858-2239.

 

 

	
  Very truly yours,

  	
   

  
	
   

  	
   

  
	
  /s/Brian P. Logue

  	
   

  
	
   

  	
   

  
	
  Brian P. Logue

  	
   

  
	
  Vice President Human
  Resources

  	
   

  

 

 

BPL/

 

 

GENERAL
RELEASE

 

I,
Edwin Lewis, in consideration of and subject to the performance by GT Solar
International, Inc., a Delaware corporation (together with its
subsidiaries, the “Company”), of its obligations under the Employment
Agreement, dated as of November 7,
2007 between the Company and me (the “Agreement”), do hereby
release and forever discharge as of the date hereof (on behalf of myself, my
heirs, executors, administrators and assigns) the Company and its affiliates
and all present and former directors, officers, agents, representatives,
employees, employee benefit plans and plan fiduciaries, successors and assigns
of the Company and its affiliates, and the Company’s direct or indirect owners
(collectively, the “Released Parties”) to the extent provided below.

 

1.                                       I understand
that any payments or benefits paid or granted to me under paragraph 4(b) of
the Agreement represent, in part, consideration for signing this General
Release and are not salary, wages or benefits to which I was already entitled.
I understand and agree that I will not receive the payments and benefits
specified in paragraph 4(b) of the Agreement unless I execute this General
Release and do not revoke this General Release within the time period permitted
hereafter or breach this General Release. 
Such payments and benefits will not be considered compensation for
purposes of any employee benefit plan, program, policy or arrangement
maintained or hereafter established by the Company or its affiliates.  I also acknowledge and represent that I have
received all payments and benefits that I am entitled to receive (as of the
date hereof) by virtue of any employment by the Company.

 

2.                                       Except as
provided in paragraph 4 below, and except for the provisions of my Employment
Agreement which expressly survive the termination of my employment with the
Company, and except for any rights I may have for indemnification under
applicable law, Article EIGHT of the Company’s Amended and Restated
Certificate of Incorporation and any applicable Directors and Officers
Liability Insurance, I knowingly and voluntarily (for myself, my heirs,
executors, administrators and assigns) release and forever discharge the
Company and the other Released Parties from any and all claims, suits,
controversies, actions, causes of action, cross-claims, counter-claims,
demands, debts, compensatory damages, liquidated damages, punitive or exemplary
damages, other damages, claims for costs and attorneys’ fees, or liabilities of
any nature whatsoever in law and in equity, both past and present (through the
date this General Release becomes effective and enforceable) and whether known
or unknown, suspected, or claimed against the Company or any of the Released
Parties which I, my spouse, or any of my heirs, executors, administrators or
assigns, may have, including, but not limited to, any and all claims that arise
out of or are connected with my employment with, or my separation or
termination from, the Company (including, but not limited to, any allegation,
claim or violation, arising under: Title VII of the Civil Rights Act of 1964,
42 U.S.C. § 2000e et seq., the Americans With Disabilities
Act of 1990, 42 U.S.C. § 12101 et seq., the Age
Discrimination in Employment Act, 29 U.S.C. § 621 et seq.,
the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq.,
the Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101 et seq.,
Section 806 of the Corporate and Criminal Fraud Accountability Act of
2002, 18 U.S.C. 1514(A), the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq.,
Executive Order 11246, Executive Order 11141, the Rehabilitation Act of 1973,
29 U.S.C. § 701, et seq.,  the Employee
Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq.,
the New Hampshire Law Against Discrimination, N.H. Rev. Stat.
Ann. § 354-A:1 et seq., N.H. Rev. Stat.
Ann. § 275:36 et seq. (New Hampshire equal pay
law), and the New Hampshire Whistleblowers’ Protection Act, N.H. Rev. Stat.
Ann. § 275-E:1 et seq., all as amended; or under
any other federal, state or local civil or human rights law, or under any other
local, state, or federal law, regulation or ordinance; or under any public
policy, contract or tort, or under common law; or arising under any policies,
practices 

 

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or
procedures of the Company; or any claim for wrongful discharge, breach of
contract, infliction of emotional distress, defamation; or any claim for costs,
fees, or other expenses, including attorneys’ fees incurred in these matters)
(all of the foregoing collectively referred to herein as the “Claims”); provided,
however, that nothing in this General Release prevents me from filing a
charge with, cooperating with or participating in any proceeding before the
Equal Employment Opportunity Commission or a state fair employment practices
agency (except that I acknowledge that I will not be able to recover any
monetary benefits in connection with any such claim, charge or proceeding).

 

3.                                       I represent
that I have made no assignment or transfer of any right, claim, demand, cause
of action, or other matter covered by paragraph 2 above.

 

4.                                       I agree that
this General Release does not waive or release any rights or claims that I may
have under the Age Discrimination in Employment Act of 1967 which arise after
the date I execute this General Release. I acknowledge and agree that my
separation from employment with the Company shall not serve as the basis for
any claim or action (including, without limitation, any claim under the Age
Discrimination in Employment Act of 1967).

 

5.                                       In signing this
General Release, I acknowledge and intend that it shall be effective as a bar
to each and every one of the Claims hereinabove mentioned or implied, except as
otherwise provided in paragraph 2 above. I expressly consent that this General
Release shall be given full force and effect according to each and all of its
express terms and provisions, including those relating to unknown and
unsuspected Claims (notwithstanding any state statute that expressly limits the
effectiveness of a general release of unknown, unsuspected and unanticipated
Claims), if any, as well as those relating to any other Claims hereinabove
mentioned or implied. I acknowledge and agree that this waiver is an essential
and material term of this General Release and that without such waiver the
Company would not have agreed to the terms of the Agreement.  I further agree that in the event I should
bring a Claim seeking damages against the Company, or in the event I should
seek to recover against the Company in any Claim brought by a governmental
agency on my behalf, this General Release shall serve as a complete defense to
any monetary relief related to any such Claims. I further agree that I am not
aware of any pending claim of the type described in paragraph 2 as of the
execution of this General Release, except as provided in paragraph 2 above.

 

6.                                       I agree that
neither this General Release, nor the furnishing of the consideration for this
General Release, shall be deemed or construed at any time to be an admission by
the Company, any Released Party or myself of any improper or unlawful conduct.

 

7.                                       I agree that,
if I breach this General Release, I will (i) return to the Company any
amount paid by the Company in connection with my separation or termination from
the Company and pursuant to this Agreement, (ii) forfeit all remaining
amounts payable by the Company pursuant to the Agreement, and (iii) pay
all costs and expenses of the Released Parties associated with enforcing this
General Release.

 

8.                                       I agree that I
will not, directly or indirectly through another person or entity, disparage,
criticize, defame, slander or otherwise make any negative statements or
communications regarding the Company or its affiliates or their respective past
and present investors, officers, directors or employees.  I further agree that as of the date hereof, I
have returned to the Company any and all property, tangible or intangible,
relating to its business, which I possessed or had control over at any time
(including, but not limited to, company-provided credit cards, building or
office access cards, keys, computer equipment, manuals, files, documents,
records, software, customer data 

 

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base
and other data) and that I shall not retain any copies, compilations, extracts,
excerpts, summaries or other notes of any such manuals, files, documents,
records, software, customer data base or other data.  I acknowledge and reaffirm my obligations
under paragraphs 5, 6 and 7 of the Agreement, including, but not limited to, my
obligation to keep confidential and not to disclose any and all non-public
information concerning the Company that I acquired during the course of my
employment with the Company, as well as my non-competition and non-solicitation
obligations; provided, however, that I understand and acknowledge
that my non-competition obligations only restrict my employment or engagement
in a business capacity at a business or entity competing with the businesses of
the Company or its subsidiaries and that such restrictions will not restrict my
right to practice law following the termination of my employment with the
Company.

 

9.                                       Notwithstanding
anything in this General Release to the contrary, this General Release shall
not relinquish, diminish, or in any way affect any rights or claims arising out
of any breach by the Company or by any Released Party of the Agreement after
the date hereof.

 

10.                                 Whenever
possible, each provision of this General Release shall be interpreted in, such
manner as to be effective and valid under applicable law, but if any provision
of this General Release is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision
or any other jurisdiction, but this General Release shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein.

 

BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT:

 

1.                                       I HAVE READ IT CAREFULLY;

 

2.                                       I UNDERSTAND ALL OF ITS
TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED
TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED,
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED; THE EQUAL PAY ACT OF
1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED;

 

3.                                       I VOLUNTARILY CONSENT TO
EVERYTHING IN IT;

 

4.                                       I HAVE BEEN ADVISED TO
CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT;

 

5.                                       I HAVE BEEN GIVEN ALL TIME
PERIODS REQUIRED BY LAW TO CONSIDER THIS GENERAL RELEASE, INCLUDING THE 21-DAY
PERIOD REQUIRED BY THE AGE DISCRIMINATION IN EMPLOYMENT ACT;

 

6.                                       I UNDERSTAND THAT I HAVE
SEVEN DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT, AND SUCH
REVOCATION MUST BE IN WRITING AND DELIVERED TO BRIAN LOGUE BEFORE THE
EXPIRATION OF THE REVOCATION PERIOD, AND THAT THIS RELEASE SHALL NOT BECOME
EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED;

 

7.                                       I HAVE SIGNED THIS GENERAL
RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED
TO ADVISE ME WITH RESPECT TO IT; AND

 

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I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE
AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED
BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME.

 

	
  DATE:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EDWIN LEWIS

  
	
   

  	
   

  	
   

  
	
  On behalf of GT Solar International, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DATE:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BRIAN LOGUE

  

 

5EXHIBIT 10.3

 

CONSULTING
AGREEMENT

 

THIS CONSULTING
AGREEMENT (the “Agreement”) is entered into by GT Solar International, Inc.,
a Delaware corporation (the “Company”), and Edwin Lewis (the “Consultant”).

 

WHEREAS, the
Company desires to retain the services of the Consultant and the Consultant
desires to perform certain services for the Company; and

 

WHEREAS, the
Consultant is in the business of providing such services and has agreed to
provide such services pursuant to the terms and conditions set forth in this
Agreement;

 

NOW, THEREFORE
in consideration of the mutual covenants and promises contained herein and
other good and valuable consideration, the receipt and sufficiency which is
hereby acknowledged by the parties hereto, the parties agree as follows:

 

1.                                       Job To Be Performed. 
Between December 17, 2008 (the “Effective Date”) and December 17,
2009 (the “Consulting Period”) the Consultant will assist in transitioning his
responsibilities as Vice President & General Counsel and provide legal
consulting to the Company as may be reasonably requested by the Company from
time to time (collectively, the “Services”). 
The Consultant agrees to provide up to 300 hours to the performance of
the Services.

 

2.                                       Consultant.  It is the
express intention of the parties to this Agreement that the Consultant is an
independent contractor and not an employee, agent, joint venturer or partner of
the Company for any purposes whatsoever. 
The Consultant shall not be entitled to any benefits that the Company
may make available to employees from time to time.  The Consultant shall be solely responsible
for all state and federal income taxes, unemployment insurance and social
security taxes and for maintaining adequate workers’ compensation insurance
coverage for himself.

 

(a)                                  Performance of Services.  The Consultant shall have the right to control and
determine the time, place, methods, manner and means of performing the
Services.  In performing the Services,
the amount of time devoted by the Consultant on any given day will be entirely
within the Consultant’s control, and the Company will rely on the Consultant to
put in the necessary number of hours as are necessary to fulfill the
requirements of the Agreement.

 

(b)                                 Final Results. 
In the performance of the Services, the Consultant has the authority to
control and direct the performance of the details of the Services, the Company
being interested only in the results obtained. 
However, the Services contemplated by this Agreement must meet the Company’s
standards and approval and shall be subject to the Company’s general right of
inspection and supervision to secure their satisfactory completion.

 

 

(c)                                  Non-Exclusivity.  The Consultant retains the right to contract with
other companies or entities for his consulting services without restriction.  Likewise, the Company retains a reciprocal
right to contract with other companies and/or individuals for consulting
services without restriction.

 

(d)                                 Scope of Authority. 
The Consultant is not authorized to assume or create any obligation or
responsibility, express or implied, on behalf of, or in the name of, the
Company or to bind the Company in any manner. 
The Consultant shall not use the Company’s trade names, trademarks,
service names or servicemarks without the prior approval of the Company.  The Consultant is not authorized to transact
business, incur obligations, sell goods, receive payments, solicit orders or
assign or create any obligation of any kind, express or implied, on behalf of
the Company or any of the Company’s related or affiliated entities, or to bind
in any way whatsoever, or to make any promise, warranty or representation on
behalf of the Company or any of the Company’s related or affiliated entities
with respect to any matter, except as expressly authorized in this Agreement or
in another writing signed by an authorized representative of the Company.

 

3.                                       Consulting Fees. 
The Consultant shall submit to the Company quarterly statements, in a
form satisfactory to the Company, of Services performed for the Company in the
applicable time period.  The Company
shall pay to the Consultant consulting fees of $60,000 payable in $15,000
installments at the beginning of each quarter for services to be rendered in
the upcoming quarter.  The statement
submitted by the Consultant should contain the Consultant’s social security
number or employer identification number, address.

 

4.                                       Termination.  Notwithstanding the foregoing, the Company
may terminate the Consultation Period, effective immediately upon receipt of
written notice, if the Consultant breaches or threatens to breach any provision
of this Agreement or his continuing obligations under his Employment Agreement
dated November 7, 2007.

 

5.                                       Proprietary Information. 
The Consultant acknowledges that his relationship with the Company is
one of high trust and confidence and that in the course of his service to the
Company he will have access to and contact with Proprietary Information.  The Consultant agrees that he will not,
during the Consultation Period or at any time thereafter, disclose to others,
or use for his benefit or the benefit of others, any Proprietary Information or
Information.  For purposes of this
Agreement, Proprietary Information shall mean, by way of illustration and not
limitation, all information (whether or not patentable and whether or not
copyrightable) owned, possessed or used by the Company, including, without
limitation, any Invention, formula, vendor information, customer information,
apparatus, equipment, trade secret, process, research, report, technical data,
know-how, computer program, software, software documentation, hardware design,
technology, marketing or business plan, forecast, unpublished financial
statement, budget, license, price, cost and employee list that is communicated
to, learned of, developed or otherwise acquired by the Consultant in the course
of his service as a consultant to the Company.

 

6.                                       Other Agreements. 
The Consultant hereby represents that, except as the Consultant has
disclosed in writing to the Company, the Consultant is not bound by the terms
of 

 

2

 

any agreement with any
third party to refrain from using or disclosing any trade secret or
confidential or proprietary information in the course of his /her consultancy
with the Company, to refrain from competing, directly or indirectly, with the
business of such third party or to refrain from soliciting employees, customers
or suppliers of such third party.  The
Consultant further represents that his/her performance of all the terms of this
Agreement and the performance of his/her duties as a consultant of the Company
do not and will not breach any agreement with any third party to which the
Consultant is a party (including without limitation any nondisclosure or
non-competition agreement), and that the Consultant will not disclose to the
Company or induce the Company to use any confidential or proprietary
information or material belonging to any previous employer or others.

 

7.                                       Return of Company Property.  Upon termination of this Agreement or at any other
time upon request by the Company, the Consultant shall promptly deliver to the
Company all records, files, memoranda, notes, designs, data, reports, price
lists, customer lists, drawings, plans, computer programs, software, software
documentation, sketches, laboratory and research notebooks and other documents
(and all copies or reproductions of such materials) in his possession, custody
or control relating in any way to the business or prospective business of the
Company.

 

8.                                       Cooperation. 
The Consultant shall use his best efforts in the performance of his
obligations under this Agreement.  The
Company shall provide such access to its information and property as may be
reasonably required in order to permit the Consultant to perform his
obligations hereunder.  The Consultant
shall cooperate with the Company’s personnel, shall not interfere with the
conduct of the Company’s business and shall observe all rules, regulations and
security requirements of the Company concerning the safety of persons and
property.

 

9.                                       Non-Assignability of Contract. 
This Agreement is personal to the Consultant and he shall not have the
right to assign any of his rights or delegate any of his duties without the
express written consent of the Company; provided, that in the event that
the Consultant establishes a partnership, corporation or other entity, one
purpose of which is to provide the Consulting Services, the consultant may
assign this Agreement to such partnership, corporation or other business entity
with the advance written consent of the Company.  Any non-consented-to assignment or
delegation, whether express or implied or by operation of law, shall be void
and shall constitute a breach and a default by the Consultant.

 

10.                                 Notices.  All notices
required or permitted under this Agreement shall be in writing and shall be
deemed effective upon personal delivery or upon deposit in the United States
Post Office, by registered or certified mail, postage prepaid, addressed to the
other party at the address shown above, or at such other address or addresses
as either party shall designate to the other in accordance with this section.

 

11.                                 Complete Agreement. 
This Agreement contains the entire understanding between the parties and
supersedes, replaces and takes precedence over any prior understanding or oral
or written agreement between the parties respecting the subject matter of this
Agreement.  There are no representations,
agreements, arrangements, nor understandings, oral or written, between the
parties relating to the subject matter of this Agreement that are not fully
expressed herein.

 

3

 

12.                                 Severability. 
In the event any provision of this Agreement shall be held invalid, the
same shall not invalidate or otherwise affect in any respect any other term or
terms of this Agreement, which term or terms shall remain in full force and
effect.

 

13.                                 Non-Waiver.  No delay or
omission by the Company in exercising any right under this Agreement shall
operate as a waiver of that or any other right. 
A waiver or consent given by the Company on any one occasion shall be
effective only in that instance and shall not be construed as a bar or waiver
of any right on any other occasion.

 

14.                                 Amendment.  This
Agreement may be amended or modified only by a written instrument executed by
both the Company and the Consultant.

 

15.                                 Counterparts. 
This Agreement may be executed in two (2) signed counterparts, each
of which shall constitute an original, but all of which taken together shall
constitute one and the same instrument.

 

16.                                 Interpretation. 
Whenever the context may require, any pronouns used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the
singular forms of nouns and pronouns shall include the plural, and vice
versa.  The captions of the sections of
this Agreement are for convenience of reference only and in no way define,
limit or affect the scope or substance of any section of this Agreement.

 

17.                                 Governing Law; Jurisdiction. 
This Agreement shall be governed by and construed in accordance with the
internal laws of the state of New Hampshire without giving effect to any choice
or conflict of law provision or rule (whether of the state of New
Hampshire or any other jurisdiction) that would cause the application of laws
of any jurisdictions other than those of the state of New Hampshire.

 

IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year
set forth above.

 

	
   

  	
  COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Brian P. Logue

  
	
   

  	
   

  
	
   

  	
  Title: Vice President,
  Human Resources

  
	
   

  	
   

  
	
   

  	
  Date: December 18,
  2008

  
	
   

  	
   

  
	
   

  	
  CONSULTANT

  
	
   

  	
   

  
	
   

  	
  /s/Edwin L. Lewis

  
	
  Date:
  December 17, 2008

  	
   

  

 

4

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