Document:

Exhibit 10.2

 

AMENDED AND RESTATED

CHANGE IN CONTROL AGREEMENT

 

This Amended and Restated Change in Control Agreement (the “Agreement”)
is entered into as of November 13, 2009 between Aon Corporation, a Delaware
corporation, and Gregory C. Case (the “Executive”).

 

WHEREAS, the Executive currently serves as a key employee of the
Company (as defined in Section 1) and the Executive’s services and knowledge
are valuable to the Company in connection with the management of one or more of
the Company’s principal operating facilities, divisions, departments or
subsidiaries; and

 

WHEREAS, the Board (as defined in Section 1) has determined that it is
in the best interests of the Company and its stockholders to secure the
Executive’s continued services and to ensure the Executive’s continued
dedication and objectivity in the event of any threat or occurrence of, or
negotiation or other action that could lead to, or create the possibility of, a
Change in Control (as defined in Section 1) of the Company, without concern as
to whether the Executive might be hindered or distracted by personal
uncertainties and risks created by any such possible Change in Control, and to
encourage the Executive’s full attention and dedication to the Company, the
Board has authorized the Company to enter into this Agreement; and

 

WHEREAS, the parties entered into a Severance Agreement effective as of
April 4, 2005 (the “2005 Change in Control Agreement”), providing certain
financial protection to the Executive in connection with a change-in-control of
the Company, and the parties desire to make certain changes to the 2005 Change
in Control Agreement as provided herein.

 

NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements herein contained, the Company and the Executive hereby
agree as follows:

 

1.                                       Definitions. 
As used in this Agreement, the following terms shall have the respective
meanings set forth below:

 

(a)                                  “Board” means the Board of Directors of
the Company.

 

(b)                                 “Cause” means:

 

(1)                                  a material breach by the Executive of
those duties and responsibilities of the Executive which do not differ in any
material respect from the duties and responsibilities of the Executive during
the 90-day period immediately prior to a Change in Control (other than as a
result of incapacity due to physical or mental illness) which is demonstrably
willful and deliberate on the Executive’s part, which is committed in bad faith
or without reasonable belief that such breach is in the best interests of the
Company and which is not remedied in a reasonable period of time after receipt
of written notice from the Company specifying such breach;

 

(2)                                  Gross misconduct, theft, fraud, breach of
trust or any act of dishonesty by the Executive which results in material harm
to the Company; or

 

 

(3)                                  the commission by the Executive of a
felony involving moral turpitude.

 

(c)                                  “Change in Control” means:

 

(1)                                  the acquisition by any individual, entity
or group (a “Person”), including any “person” within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of 30% or more of either (i) the then outstanding
shares of common stock of the Company (the “Outstanding Common Stock”) or (ii) the
combined voting power of the then outstanding securities of the Company
entitled to vote generally in the election of directors (the “Outstanding
Voting Securities”); excluding, however, the following: (A) any acquisition
directly from the Company (excluding any acquisition resulting from the
exercise of an exercise, conversion or exchange privilege unless the security
being so exercised, converted or exchanged was acquired directly from the
Company), (B) any acquisition by the Company, (C) any acquisition by an
employee benefit plan (or related trust) sponsored or maintained by the Company
or any corporation controlled by the Company, or (D) any acquisition by any
corporation pursuant to a transaction which complies with clauses (i), (ii) and
(iii) of subsection (3) of this Section 1(c); provided further, that for
purposes of clause (B), if any Person (other than the Company or any employee
benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company) shall become the beneficial owner of 30%
or more of the Outstanding Common Stock or 30% or more of the Outstanding
Voting Securities by reason of an acquisition by the Company, and such Person
shall, after such acquisition by the Company, become the beneficial owner of
any additional shares of the Outstanding Common Stock or any additional
Outstanding Voting Securities and such beneficial ownership is publicly
announced, such additional beneficial ownership shall constitute a Change in
Control;

 

(2)                                  individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute
at least a majority of such Board; provided that any individual who becomes a
director of the Company subsequent to the date hereof whose election, or
nomination for election by the Company’s stockholders, was approved by the vote
of at least a majority of the directors then comprising the Incumbent Board
shall be deemed a member of the Incumbent Board; and provided further, that any
individual who was initially elected as a director of the Company as a result
of an actual or threatened solicitation by a Person other than the Board for
the purpose of opposing a solicitation by any other Person with respect to the
election or removal of directors, or any other actual or threatened
solicitation of proxies or consents by or on behalf of any Person other than
the Board shall not be deemed a member of the Incumbent Board;

 

(3)                                  the consummation of a reorganization,
merger or consolidation or sale or other disposition of all or substantially
all of the assets of the Company (a “Corporate Transaction”); excluding,
however, a Corporate Transaction pursuant to which (i) all or substantially all
of the individuals or entities who are the beneficial

 

2

 

owners, respectively, of
the Outstanding Common Stock and the Outstanding Voting Securities immediately
prior to such Corporate Transaction will beneficially own, directly or
indirectly, more than  60% of,
respectively, the outstanding shares of common stock, and the combined voting
power of the outstanding securities entitled to vote generally in the election
of directors, as the case may be, of the corporation resulting from such
Corporate Transaction (including, without limitation, a corporation which as a
result of such transaction owns the Company or all or substantially all of the
Company’s assets either directly or indirectly) in substantially the same
proportions relative to each other as their ownership, immediately prior to
such Corporate Transaction, of the Outstanding Common Stock and the Outstanding
Voting Securities, as the case may be, (ii) no Person (other than:  the Company; any employee benefit plan (or
related trust) sponsored or maintained by the Company or any corporation
controlled by the Company; the corporation resulting from such Corporate
Transaction; and any Person which beneficially owned, immediately prior to such
Corporate Transaction, directly or indirectly, 30% or more of the Outstanding
Common Stock or the Outstanding Voting Securities, as the case may be) will
beneficially own, directly or indirectly, 30% or more of, respectively, the
outstanding shares of common stock of the corporation resulting from such
Corporate Transaction or the combined voting power of the outstanding
securities of such corporation entitled to vote generally in the election of
directors and (iii) individuals who were members of the Incumbent Board will
constitute at least a majority of the members of the board of directors of the
corporation resulting from such Corporate Transaction; or

 

(4)                                  the consummation of a plan of complete
liquidation or dissolution of the Company.

 

(d)                                 “Code” means the Internal Revenue Code of
1986, as amended.

 

(e)                                  “Company” means Aon Corporation, a
Delaware corporation.

 

(f)                                    “Good Reason” means, without the
Executive’s express written consent, the occurrence of any of the following
events after a Change in Control:

 

(1)                                  a material adverse change in the nature
or scope of the Executive’s authority, powers, functions, duties or
responsibilities as in effect immediately prior to such Change in Control;

 

(2)                                  a material reduction by the Company in
the Executive’s rate of annual base salary or bonus opportunity as in effect
immediately prior to such Change in Control or as the same may be increased
from time to time thereafter;

 

(3)                                  the failure of the Company to continue in
effect any material employee benefit plan or compensation plan in which the
Executive is participating immediately prior to such Change in Control, unless
the Executive is permitted to participate in other plans providing the
Executive with substantially comparable benefits, or the taking of any action
by the Company which would adversely affect the Executive’s participation in or
materially reduce the Executive’s benefits under any such plan;

 

3

 

(4)                                  a change in the Executive’s primary
employment location to a location that is more than 50 miles from the primary
location of the Executive’s employment at the time of such Change in Control;
or

 

(5)                                  the failure of the Company to obtain from
any successor or transferee of the Company an express written and unconditional
assumption of the Company’s obligations under this Agreement, as further
described in Section 12(b) of this Agreement.

 

For purposes of this Agreement, any good faith determination of Good
Reason made by the Executive shall be conclusive; provided, however,
that an isolated, insubstantial and inadvertent action taken in good faith and
which is remedied by the Company promptly after receipt of notice thereof given
by the Executive shall not constitute Good Reason.

 

The Executive’s employment may be terminated by the Executive for Good
Reason if (x) an event or circumstance set forth in this Section 1(f) shall
have occurred and the Executive provides the Company with written notice
thereof within 90 days after the Executive has knowledge of the occurrence or
existence of such event or circumstance, which notice shall specifically
identify the event or circumstance that the Executive believes constitutes Good
Reason, (y) the Company fails to correct the circumstance or event so
identified within 30 days after receipt of such notice, and (z) the Executive
resigns during the Termination Period and after the date of delivery of the
notice referred to in clause (x) above.

 

(g)                                 “Nonqualifying Termination” means a
termination of the Executive’s employment (1) by the Company for Cause, (2) by the
Executive for any reason other than a Good Reason, (3) as a result of the
Executive’s death or (4) by the Company due to the Executive’s absence from the
Executive’s duties with the Company on a full-time basis for at least 180
consecutive days as a result of the Executive’s incapacity due to physical or
mental illness.

 

(h)                                 “Termination Date” means the date during
the Termination Period on which the Executive’s employment is terminated other
than by reason of a Nonqualifying Termination.

 

(i)                                     “Termination Period” means the period of
time beginning with a Change in Control and ending on the earlier to occur of (1)
the date which is two (2) years following such Change in Control and (2) the
Executive’s death; provided, however, that, anything in this Agreement to the
contrary notwithstanding, if a Change in Control occurs and if the Executive’s
employment with the Company was terminated prior to the date on which the
Change in Control occurs, and if it is reasonably demonstrated by the Executive
that such termination of employment (a) was at the request of a third party who
was taking steps reasonably calculated to effect a Change in Control or (b) otherwise
arose in connection with or in anticipation of a Change in Control, then for
purposes of this Agreement, “Termination Period” means the period of time
commencing upon the date immediately prior to the date of such termination of
employment and ending on the earlier to occur of (x) two (2) years following
such Change in Control and (y) the Executive’s death.

 

4

 

2.                                       Obligations of the Executive. 
The Executive agrees that in the event any person or group attempts a
Change in Control, he shall not voluntarily leave the employ of the Company
without Good Reason (a) until such attempted Change in Control terminates or (b)
if a Change in Control shall occur, until 90 days following such Change in
Control.

 

3.                                       Payments and Benefits Upon Termination of
Employment.  If during the Termination Period the
employment of the Executive shall terminate, other than by reason of a
Nonqualifying Termination, and the Executive (or the Executive’s executor or
other legal representative in the case of the Executive’s death or disability
following such termination) executes a noncompetition, nonsolicitation and
confidentiality agreement and release of claims substantially in the form of Exhibit
A hereto (the “Noncompetition Agreement and Release”) within 45 days following
the Termination Date, the Company shall provide to the Executive, as
compensation for services rendered to the Company, and in consideration of the
covenants set forth in the Noncompetition Agreement and Release, the payments
and benefits described in this Section 3. 
The Executive shall forfeit the payments and benefits described in this Section
3 in the event that the Executive fails to execute and deliver the
Noncompetition Agreement and Release to the Company in accordance with the
timing and other provisions of the preceding sentence or revokes such
Noncompetition Agreement and Release prior to the date the release of claims
contained therein becomes effective.  For
purposes of this Agreement, the Executive shall be considered to have a
termination of employment with the Company and its subsidiaries on the date the
Executive has a “separation from service” as described under Section 409A of
the Code and the guidance and Treasury regulations issued thereunder with the
Company and its subsidiaries.  Any amount
paid pursuant to this Section 3 shall be paid in lieu of any other severance
payments or benefits, which benefits may, without limitation, include pay in
lieu of notice, salary continuation through a contractual notice period or
enhanced supplemental pension benefits conferred, in any event as a result of
termination of employment, from the Company or any of its subsidiaries which
are not payable pursuant to this Agreement, but are payable pursuant to an
employment agreement or other compensation arrangement entered into between the
Executive and the Company or any of its subsidiaries.

 

(a)                                  Except as otherwise provided in Sections
5 and 6, and conditioned upon the Executive’s execution of the Noncompetition
Agreement and Release without revocation within the time period described in
the preceding provisions of this Section 3, the Company shall pay to the
Executive (or the Executive’s beneficiary or estate, as the case may be) on the
60th day following the later to occur of the
Termination Date or the Change in Control:

 

(1)                                  a cash amount (subject to any applicable payroll
or other taxes required to be withheld pursuant to Section 7 and any deductions
authorized by the Executive) equal to the sum of (i) the Executive’s full
annual base salary from the Company and its affiliated companies through the
Termination Date, to the extent not theretofore paid, (ii) the average of the
Executive’s annual cash incentive for each of the three fiscal years
immediately preceding the fiscal year in which the Termination Date occurs,
multiplied by a fraction, the numerator of which is the number of days in the
fiscal year in which the Termination Date occurs and the denominator of which
is 365 or 366, as applicable, and (iii) any accrued vacation pay, in each case
to the extent not theretofore paid; plus

 

5

 

(2)                                  a lump sum cash amount (subject to any
applicable payroll or other taxes required to be withheld pursuant to Section 7
and any deductions authorized by the Executive) in an amount equal to three (3)
times the sum of (i) the Executive’s highest annual base salary from the
Company and its affiliated companies in effect during the 12-month period prior
to the Termination Date and (ii) the Executive’s target annual incentive bonus
for the fiscal year in which the Termination Date occurs; plus

 

(3)                                  a lump sum cash amount (subject to any
applicable payroll or other taxes required to be withheld pursuant to Section 7
and any deductions authorized by the Executive) in an amount equal to the
amount forfeited by the Executive under any qualified defined contribution plan
maintained by the Company or any of its subsidiaries as a result of the
Executive’s termination of employment.

 

(b)                                 The Executive shall become fully (100%)
vested in the Executive’s accrued benefits under the Aon Corporation Excess
Benefit Plan, the Aon Corporation Supplemental Savings Plan and the Aon
Corporation Supplemental Employee Stock Ownership Plan, or successor plans in
effect on the date of the Executive’s termination of employment (the “Nonqualified
Plans”).  The Executive’s accrued
benefits under the Aon Corporation Excess Benefit Plan or the Aon Corporation
Supplemental Savings Plan, whichever plan is applicable to the Executive on the
date of the Executive’s termination of employment, shall be determined by
crediting the Executive with three (3) additional years of age and service
credits and, in the case of the Aon Corporation Supplemental Savings Plan,
three (3) additional years of Retirement Plan Contributions.  Within 30 days following the Termination
Date, the Company shall pay to the Executive a lump sum cash amount equal to
the actuarial equivalent of the Executive’s accrued benefits under the
Nonqualified Plans, determined as of the Executive’s Termination Date,
notwithstanding anything contained in the Nonqualified Plans to the
contrary.  Such lump sum cash payment
shall be computed in the case of the Aon Corporation Excess Benefit Plan using
the same actuarial assumptions then in use for purposes of computing benefits under
the plan, provided that the interest rate used in making such computations
shall not be greater than the interest rate permitted under section 417(c) of
the Code on the date of the Change in Control.

 

(c)                                  For the period commencing on the
Termination Date and ending on the earlier of (i) the date which is three (3) years
following the Termination Date and (ii) the date on which the Executive becomes
eligible to participate in and receive medical, dental and life insurance
benefits under a plan or arrangement sponsored by another employer having
benefits substantially equivalent to the benefits provided pursuant to this Section
3(c), the Company shall continue the Executive’s medical, dental and life
insurance coverage, under the Company-sponsored plans or otherwise, upon the
same terms and otherwise to the same extent as such coverage shall have been in
effect immediately prior to the Executive’s Termination Date, and the Company
and the Executive shall share the costs of the continuation of such medical,
dental and life insurance coverage in the same proportion as such costs were
shared immediately prior to the Termination Date; provided, the Company’s share
of the cost of the continuation of coverage under any self-insured medical
reimbursement plan that is subject to Section 105(h) of the Code shall be
included in the Executive’s taxable income from the Company.  Such continuation of medical and dental
coverage shall be in satisfaction of the Company’s obligations under the
Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

 

6

 

Payment or reimbursement
of expenses incurred by the Executive pursuant to this Section 3(c) shall be
made promptly and in no event later than December 31 of the year following the
year in which such expenses were incurred, and the amount of expenses eligible
for reimbursement, or in-kind benefits provided, in any year shall not affect
the amount of expenses eligible for reimbursement, or in-kind benefits to be
provided, in any other year, except for any limit on the amount of expenses
that may be reimbursed under an arrangement described in Section 105(b) of the
Code.  Additionally, such right to
payment or reimbursement, or in-kind benefits to be provided, shall not be
subject to liquidation or exchange for another benefit.  If the Executive is a “specified employee”
under Section 409A of the Code, the full cost of the continuation or provision
of employee benefits described under this Section 3(c) (other than any cost of
medical or dental benefit plans or programs or the cost of any other plan or
program that is exempt from Section 409A of the Code) shall be paid by the
Executive until the earlier to occur of the Executive’s death or the date that
is six months and one day following the Executive’s termination of employment,
and such cost shall be reimbursed by the Company or the applicable subsidiary
to, or on behalf of, the Executive in a lump sum cash payment on the earlier to
occur of the Executive’s death or the date that is six months and one day
following the Executive’s termination of employment.

 

4.                                       Vesting of Equity Awards Upon Termination
Date; Exercise Period.  Immediately upon the Executive’s
Termination Date, all stock options and other equity awards, if any, granted by
the Company to the Executive (or stock options and other equity awards granted
in substitution therefor by an acquiror of, or successor to, the Company) that
are not otherwise exercisable or vested shall become exercisable and vested in
full in accordance with the applicable plan documents and award
agreements.  Notwithstanding the
foregoing, the time or schedule of any payment or amount scheduled to be paid
pursuant to the terms of this Section 4, including but not limited to any
restricted stock unit or other equity-based award, payment or amount that
provides for the “deferral of compensation” (as such term is defined under Section
409A of the Code), may not be accelerated except as otherwise permitted under Section
409A of the Code and the guidance and Treasury regulations issued thereunder.  With respect to any and all outstanding stock
options granted by the Company to the Executive, each such option shall remain
exercisable following the Executive’s termination of employment until and
including the expiration date of the term of the option (as set forth in the
written agreement relating to such option).

 

5.                                       Contingent Reduction of Parachute
Payments.  (a) The definitions in subsection (e) of this
Section apply to the provisions in subsections (b) through (d) of this Section.

 

(b)                                 Anything in this Agreement to the
contrary notwithstanding, to the extent that any Payments to the Executive
would be subject to the Excise Tax, then the Company shall either (i) eliminate
all Non-Equity Award Payments, if the Excise Tax would apply despite the
elimination of all Non-Equity Award Payments, or (ii) if a reduction in
Non-Equity Award Payments would eliminate the Excise Tax, reduce the amount of
Non-Equity Award Payments by the least amount that causes none of the Payments
to be subject to the Excise Tax.  If a
reduction in the Non-Equity Award Payments is necessary so that the Parachute
Value (as defined below) of all Payments equals the Safe Harbor Amount and none
of the Non-Equity Award Payments is Nonqualified Deferred Compensation, then
the reduction shall occur in the 

 

7

 

manner the Executive
elects in writing prior to the date of payment. 
If any Non-Equity Award Payment constitutes Nonqualified Deferred
Compensation or the Executive fails to elect an order, then the reduction shall
occur in the following order:  (i) reduction
in the benefits described in Sections 3(b) and 3(c) hereof (with such reduction
being applied to the benefits in the manner having the least economic impact to
the Executive and, to the extent the economic impact is equivalent, such
benefits shall be reduced in the reverse order of when the benefits would have
been provided to the Executive, that is, benefits payable later shall be
reduced before benefits payable earlier); and (ii) reduction of cash payments
described in Section 3(a) hereof (with such reduction being applied to the
payments in reverse order in which they would otherwise be made, that is, later
payments shall be reduced before earlier payments).

 

(c)                                  To the extent that any Equity Award
Payments to the Executive would be subject to the Excise Tax after application
of sub-section 5(b) above, and if a reduction would provide the Executive with
a greater after-tax amount than if a reduction in Equity Award Payments did not
occur, then the Company shall reduce the amount of the Equity Award Payments by
the least amount that would provide the Executive with such greater after-tax
amount.

 

(d)                                 All determinations required to be made
under this Section 5, including whether and when Payments are to be reduced so
that Payments are reduced to the Safe Harbor Amount and the amount of such
reduction and the assumptions to be utilized in arriving at such determination,
shall be made by the public accounting firm that is retained by the Company as
of the date immediately prior to the Change in Control (the “Accounting Firm”)
which shall provide detailed supporting calculations both to the Company and
the Executive within 15 business days of the receipt of notice from the Company
or the Executive that there has been a Payment, or such earlier time as is
requested by the Company. 
Notwithstanding the foregoing, in the event (i) the Board shall
determine prior to the Change in Control that the Accounting Firm is precluded
from performing such services under applicable auditor independence rules or (ii)
the Audit Committee of the Board determines that it does not want the
Accounting Firm to perform such services because of auditor independence
concerns or (iii) the Accounting Firm is serving as accountant or auditor for
the individual, entity or group effecting the Change in Control, the Board
shall appoint another nationally recognized public accounting firm to make the
determinations required hereunder (which accounting firm shall then be referred
to as the Accounting Firm hereunder). 
All fees, costs and expenses (including, but not limited to, the costs
of retaining experts) of the Accounting Firm shall be borne by the Company.  If Payments are reduced to the Safe Harbor
Amount or the Accounting Firm determines that no Excise Tax is payable by the
Executive without a reduction in Payments, the Accounting Firm shall furnish
the Executive with a written opinion to the effect that the Executive is not
required to report any Excise Tax on the Executive’s federal income tax return,
and that the failure to report the Excise Tax, if any, on the Executive’s
applicable federal income tax return will not result in the imposition of a
negligence or similar penalty.  The
determination by the Accounting Firm shall be binding upon the Company and the
Executive.

 

(e)                                  The following terms shall have the
following meanings for purposes of this Section.

 

8

 

(i)  “Equity Award Payment” means any Payment to
the Executive on account of awards of compensation to the Executive in the form
of stock options, stock appreciation rights, restricted stock, restricted stock
units, performance shares or other forms of award payable in or exercisable
with respect to Company stock.

 

(ii)  “Excise Tax” means the excise tax imposed by Section
4999 of the Code, together with any interest or penalties imposed with respect
to such excise tax.

 

(iii)  “Nonqualified Deferred Compensation” means any
reimbursement, payment or benefit to be paid or provided under this Agreement
or otherwise that constitutes a “deferral of compensation” within the meaning
of and subject to Section 409A of the Code.

 

(iv)  “Non-Equity Award Payment” means any payment
to the Executive other than an Equity Award Payment.

 

(v)  “Parachute Value” of a Payment means the
present value as of the date of the change of control from purposes of Section 280G
of the Code of the portion of such Payment that constitutes a “parachute
payment” under Section 280G(b)(2), as determined by the Accounting Firm for
purposes of determining whether and to what extent the Excise Tax will apply to
such Payment.

 

(vi)  A “Payment” means any payment or distribution
in the nature of compensation (within the meaning of Section 280G(b)(2) of the
Code) to or for the benefit of the Executive, whether paid or payable pursuant
to this Agreement or otherwise.

 

(vii)  The “Safe Harbor Amount” means the maximum
Parachute Value of all Payments that an Executive can receive without any
Payments being subject to the Excise Tax.

 

6.                                       Delay of Payments. 
Except as otherwise provided in Section 6(b) below, in the event that
any payment or distribution or portion of any payment or distribution to be made
to the Executive under Section 3(a) of this Agreement cannot be characterized
as a “short term deferral” for purposes of Section 409A of the Code, and the
Executive is determined to be a “specified employee” (as defined in Section 409A
of the Code), and “Change in Control” is as defined for purposes of this
Agreement does not satisfy the requirements of a change in control event as
described in Section 409A of the Code and the guidance and regulations issued
thereunder, or if “Change in Control” does satisfy such requirements under Code
Section 409A but the Termination Date is not within two years following the
Change in Control in accordance with Treasury Regulation Section 1.409A-3(c)(1),
then an amount equal to the aggregate severance payments that would otherwise
be payable to the Executive upon an involuntary termination of employment under
any other employment agreement or other compensation arrangement entered into
between the Executive and the Company or any of its subsidiaries shall be paid
to the Executive at the same time and in the same form of payment as such other
severance payments would otherwise be paid and the remainder of the payment or
distribution, or portion thereof, under Section 3(a) of this Agreement shall be
paid in accordance with Section 3(a).

 

9

 

(b)  In the event that any
payment or distribution or portion of any payment or distribution to be made to
the Executive hereunder cannot be characterized as a “short term deferral” for purposes
of Section 409A of the Code, or is not otherwise exempt from the provisions of Section
409A of the Code, and the Executive is determined to be a “specified employee”
under Section 409A of the Code, such portion of the payment shall be delayed
until the earlier to occur of the Executive’s death or the date which is six
months and one day following the termination of the Executive’s employment with
the Company and its subsidiaries (the “Delay Period”).  Upon the expiration of the Delay Period, the
payments delayed pursuant to this Section 6 shall be paid to the Executive or
his beneficiaries in a lump sum, and any remaining payments due under this
Agreement shall be payable in accordance with their original payment schedule.

 

7.                                       Withholding Taxes. 
The Company may withhold from all payments due to the Executive (or the
Executive’s beneficiary or estate) hereunder all taxes which, by applicable
federal, state, local or other law, the Company is required to withhold
therefrom.

 

8.                                       Disputes; Reimbursement of Expenses;
Interest on Late Payments.

 

(a)                                  If any contest or dispute shall arise
under this Agreement involving termination of the Executive’s employment with
the Company or involving the failure or refusal of the Company to perform fully
in accordance with the terms hereof, the Company shall reimburse the Executive,
on a current basis, for all legal fees and expenses, if any, incurred by the
Executive in connection with such contest or dispute, together with interest
thereon at a rate equal to the prime rate, as published under “Money Rates” in The
Wall Street Journal from time to time plus 300 basis points, but in no
event higher than the maximum legal rate permissible under applicable law (the “Interest
Rate”), such interest to accrue from the date the Company receives the
Executive’s written statement for such fees and expenses through the date of
payment thereof; provided, however, that in the event the
resolution of any such contest or dispute includes a finding denying, in total,
the Executive’s claims in such contest or dispute, the Executive shall be
required to reimburse the Company, over a period of 12 months from the date of
such resolution, for all sums advanced to the Executive pursuant to this Section
8.

 

(b)                                 With respect to any and all payments that
are required to be made by the Company to the Executive pursuant to this
Agreement and that are not made within the time period specified herein, the
Company shall pay to the Executive interest on such payments at the Interest
Rate.  Such interest shall accrue from
the due date of the required payment through the date on which such payment is
made to the Executive.

 

(c)                                  Payment or reimbursement of expenses
described in this Section 8 shall be made promptly and in no event later than December
31 of the year following the year in which such expenses were incurred, and the
amount of such expenses eligible for payment or reimbursement in any year shall
not affect the amount of such expenses eligible for payment or reimbursement in
any other year nor shall the right to payment or reimbursement be subject to
liquidation or exchange for another benefit.

 

9.                                       Operative Event. 
No amounts shall be payable hereunder unless and until there is a Change
in Control.

 

10

 

10.                                 Termination of Agreement.  (a)
 This Agreement shall be effective on the
date hereof and shall continue until terminated by the Company as provided in Section
10(b); provided, however, that this Agreement shall terminate in
any event upon the earlier to occur of (1) termination of the Executive’s
employment with the Company prior to a Change in Control and (2) the Executive’s
death.

 

(b)  The Company shall have the
right prior to a Change in Control, in its sole discretion, pursuant to action
by the Board, to approve the termination of this Agreement, which termination
shall not become effective until the date fixed by the Board for such
termination, which date shall be at least 120 days after notice thereof is
given by the Company to the Executive in accordance with Section 13; provided,
however, that no such action shall be taken by the Board during any
period of time when the Board has knowledge that any person has taken steps
reasonably calculated to effect a Change in Control until, in the opinion of
the Board, such person has abandoned or terminated its efforts to effect a
Change in Control; and provided  further, that in no event shall
this Agreement be terminated in the event of a Change in Control.

 

11.                                 Scope of Agreement; Entire Agreement.  (a)
 Nothing in this Agreement shall be
deemed to entitle the Executive to continued employment with the Company or its
subsidiaries and, subject to Section 2 hereof, if the Executive’s employment
with the Company shall terminate prior to a Change in Control, then the
Executive shall have no further rights under this Agreement; provided, however,
that any termination of the Executive’s employment following a Change in
Control shall be subject to all of the provisions of this Agreement.

 

(b)                                 This Agreement supersedes the Severance
Agreement between the parties entered into as of April 4, 2005.  This Agreement constitutes the entire
understanding between the parties with respect to the Executive’s severance pay
in the event of a termination of the Executive’s employment with the Company in
connection with a Change in Control; provided, however, that except as
otherwise expressly set forth in this Agreement, the rights of, and benefits
payable to, the Executive, the Executive’s estate or the Executive’s beneficiaries
pursuant to this Agreement are in addition to any rights of, or benefits
payable to, the Executive, the Executive’s estate or the Executive’s
beneficiaries under any other employee benefit plan or broad-based compensation
program of the Company.

 

12.                                 Successors; Binding Agreement.

 

(a)  This Agreement shall not be
terminated by any merger or consolidation of the Company whereby the Company is
or is not the surviving or resulting corporation or as a result of any transfer
of all or substantially all of the assets of the Company.  In the event of any such merger,
consolidation or transfer of assets, the provisions of this Agreement shall be
binding upon the surviving or resulting corporation or the person or entity to
which such assets are transferred.

 

(b)  The Company agrees that
concurrently with any merger, consolidation or transfer of assets referred to
in Section 12(a), it will cause any successor or transferee unconditionally to
assume, by written instrument delivered to the Executive (or the Executive’s
beneficiary or estate), all of the obligations of the Company hereunder.  Failure of the Company to obtain such
assumption prior to the effectiveness of any such merger, consolidation or
transfer 

 

11

 

of assets shall be a breach of this Agreement and
shall entitle the Executive to compensation and other benefits from the Company
in the same amount and on the same terms as the Executive would be entitled
hereunder if the Executive’s employment were terminated following a Change in
Control other than by reason of a Nonqualifying Termination during the
Termination Period.  For purposes of
implementing the foregoing, the date on which any such merger, consolidation or
transfer becomes effective shall be deemed the Date of Termination.

 

(c)  This Agreement shall inure
to the benefit of and be enforceable by the Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees.  If the Executive
shall die while any amounts would be payable to the Executive hereunder had the
Executive continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Agreement to such
person or persons appointed in writing by the Executive to receive such amounts
or, if no person is so appointed, to the Executive’s estate.

 

13.                                 Notices.  (a)  For purposes of this Agreement, all notices
and other communications required or permitted hereunder shall be in writing
and shall be deemed to have been duly given when delivered or five days after
deposit in the United States mail, certified and return receipt requested,
postage prepaid, addressed (1) if to the Executive, to Executive’s home address
as shown on the Company’s records, and if to the Company, to Aon Corporation,
200 East Randolph Drive, Chicago, Illinois 60602, 3d Floor, attention General
Counsel, with a copy to the Secretary, or (2) to such other address as either
party may have furnished to the other in writing in accordance herewith, except
that notices of change of address shall be effective only upon receipt.

 

(b)                                 A written notice of the Executive’s
Termination Date by the Company or the Executive, as the case may be, to the
other, shall (1) indicate the specific termination provision in this Agreement
relied upon, (2) to the extent applicable, set forth in reasonable detail the
facts and circumstances claimed to provide a basis for termination of the
Executive’s employment under the provision so indicated and (3) specify the
termination date (which date shall be not less than 15 days after the giving of
such notice).  The failure by the
Executive or the Company to set forth in such notice any fact or circumstance
which contributes to a showing of Good Reason or Cause shall not waive any
right of the Executive or the Company hereunder or preclude the Executive or
the Company from asserting such fact or circumstance in enforcing the Executive’s
or the Company’s rights hereunder.

 

14.                                 Full Settlement; Resolution of Disputes.  (a)
The Company’s obligation to make any payments provided for in this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any
set-off, counterclaim, recoupment, defense or other claim, right or action
which the Company may have against the Executive or others.  In no event shall the Executive be obligated
to seek other employment or take any other action by way of mitigation of the
amounts payable to the Executive under any of the provisions of this Agreement
and, subject to Section 3(c) hereof,  such amounts
shall not be reduced whether or not the Executive obtains other employment.

 

(b)                                 If there shall be any dispute between the
Company and the Executive in the event of any termination of the Executive’s
employment, then, unless and until there is a 

 

12

 

final, nonappealable judgment by a court of competent
jurisdiction declaring that such termination was for Cause, that the
determination by the Executive of the existence of Good Reason was not made in
good faith, or that the Company is not otherwise obligated to pay any amount or
provide any benefit to the Executive and the Executive’s dependents or other
beneficiaries, as the case may be, under Sections 3 and 4 hereof, the Company
shall pay all amounts, and provide all benefits, to the Executive and the
Executive’s dependents or other beneficiaries, as the case may be, that the
Company would be required to pay or provide pursuant to Sections 3 and 4 hereof
as though such termination were by the Company without Cause or by the
Executive with Good Reason; provided, however, that the Company
shall not be required to pay any disputed amounts pursuant to this Section 14(b)
except upon receipt of an undertaking by or on behalf of the Executive to repay
all such amounts to which the Executive is ultimately adjudged by such court
not to be entitled.

 

15.                                 Employment with, and Action by,
Subsidiaries.  For purposes of this Agreement, employment
with the Company or actions taken by the Company with respect to the Executive
shall include employment with or actions taken by any corporation or other
entity in which the Company has a direct or indirect ownership interest of 50%
or more of the total combined voting power of the then outstanding securities
of such corporation or other entity entitled to vote generally in the election
of directors.

 

16.                                 Governing Law; Validity. 
The interpretation, construction and performance of this Agreement shall
be governed by and construed and enforced in accordance with the internal laws
of the State of Illinois without regard to the principle of conflicts of
laws.  The invalidity or unenforceability
of any provision of this Agreement shall not affect the validity or
enforceability of any other provisions of this Agreement, which other
provisions shall remain in full force and effect.

 

17.                                 Counterparts. 
This Agreement may be executed in two counterparts, each of which shall
be deemed to be an original and both of which together shall constitute one and
the same instrument.

 

18.                                 Miscellaneous. 
No provision of this Agreement may be modified or waived unless such
modification or waiver is agreed to in writing and signed by the Executive and
by a duly authorized officer of the Company. 
No waiver by either party hereto at any time of any breach by the other
party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time.  Failure by the
Executive or the Company to insist upon strict compliance with any provision of
this Agreement or to assert any right the Executive or the Company may have hereunder,
including, without limitation, the right of the Executive to terminate
employment for Good Reason, shall not be deemed to be a waiver of such
provision or right or any other provision or right of this Agreement.  Except as otherwise expressly set forth in
this Agreement, the rights of, and benefits payable to, the Executive, the
Executive’s estate or the Executive’s beneficiaries pursuant to this Agreement
are in addition to any rights of, or benefits payable to, the Executive, the
Executive’s estate or the Executive’s beneficiaries under any other employee
benefit plan or compensation program of the Company.

 

13

 

19.                                 Prohibition on Acceleration of Payments. 
The time or schedule of any payment or amount scheduled to be paid
pursuant to the terms of this Agreement, or pursuant to the terms of any other
employment agreement or compensation arrangement entered into between the
Executive and the Company or any of its subsidiaries, may not be accelerated
hereunder, or under any such other employment agreement or other compensation
arrangement, except as otherwise permitted under Section 409A of the Code and
the guidance and Treasury Regulations issued thereunder.

 

20.                                 Code Section 409A. The parties intend that this Agreement
and the benefits provided hereunder be interpreted and construed to comply with
Section 409A of the Code to the extent applicable thereto.  Notwithstanding any provision of the
Agreement to the contrary, the Agreement shall be interpreted and construed
consistent with this intent, provided that the Company shall not be required to
assume any increased economic burden in connection therewith.  Although the Company intends to administer
the Agreement so that it will comply with the requirements of Section 409A of
the Code, the Company does not represent or warrant that the Agreement will
comply with Section 409A of the Code or any other provision of federal, state,
local or non-United States law.

 

IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by a duly authorized officer of the Company and the Executive has
executed this Agreement as of the day and year first above written.

 

	
   

  	
  AON CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lester B. Knight

  
	
   

  	
   

  	
  Lester B. Knight

  
	
   

  	
   

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/
  Greg Case

  
	
   

  	
  Gregory C. Case

  

 

14Exhibit 10.1

 

EXECUTION COPY

 

Date Executive First Received this
Agreement: October 28, 2009

 

Separation
and General Release Agreement

 

This Separation and General Release Agreement
(the “Agreement”) is made as of this 13th day of November 2009 by
and among GT Solar Incorporated (f/k/a GT Equipment Technologies, Inc.,
and referred to throughout this Agreement as the “Company”) and
Thomas M. Zarrella (“Executive,” and together with the Company, the
“Parties”).

 

WHEREAS, Executive has been employed by the
Company under terms set forth in that certain Employment Agreement dated December 30,
2005 (the “Employment Agreement”);

 

WHEREAS, Executive’s employment with the
Company has ended (the “Separation”) effective as of October 28,
2009 (the “Separation Date”);

 

WHEREAS, Executive has been granted options
(the “Stock Options”) (i) to purchase 159,103 shares of common
stock (the “Common Stock”) of GT Solar International, Inc., the
holder of majority of the outstanding capital stock of the Company (“Parent”),
pursuant to that Stock Option Agreement dated as of December 21, 2007 (the
“Stock Option Agreement”) and (ii) to purchase 254,047 shares of
Common Stock effective September 1, 2009 (no agreement with respect to
this grant has been executed by Executive), none of which have vested;

 

WHEREAS, Executive has been granted
restricted stock units (the “RSUs”) (i) issuable for 400,000 shares
of Common Stock pursuant to that Restricted Stock Unit Agreement dated as of February 12,
2009 (the “RSU Agreement”), none of which have vested, and (ii) issuable
for 133,374 shares of Common Stock effective September 1, 2009 (no
agreement with respect to this grant has been executed by Executive), none of
which have vested;

 

WHEREAS, Executive has been granted 173,496.2
Class A Shares (the “Class A Holdings Shares”), 175,831.9 Class B
Shares (the “Class B Holdings Shares”) and 79,768.7 Class C
Shares  (the “Class C Holdings
Shares,” and together with the Class A Holdings Shares and the Class B
Holdings Shares, the “Holdings Shares”) in GT Solar Holdings, LLC (“Holdings”)
pursuant to the Limited Liability Company Agreement of GT Solar Holdings, dated
as of December 30, 2005 (the “LLC Agreement”);

 

WHEREAS, in August 2009, the Board of
Directors of the Parent approved Executive’s participation in the Parent’s
Fiscal Year 2010 Executive Incentive Program (the “EIP”);

 

WHEREAS, Executive has certain rights with
respect to amounts contributed under the Company’s 401(k) Plan (the “401(k) Plan”);
and

 

WHEREAS, the Parties desire to enter into this
Agreement in order to set forth the definitive rights and obligations of the
Parties in connection with the Separation.

 

 

NOW, THEREFORE, in consideration of the
mutual covenants, commitments and agreements contained herein, and for other
good and valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the Parties intending to be legally bound hereby agree as
follows:

 

1.                                      Acknowledgment
of Separation.  The Parties
acknowledge and agree that the Separation is effective as of October 28,
2009.

 

2.                                      Resignation
of Offices.  Effective
as of the Separation Date, Executive voluntarily resigns his position as
President and Chief Executive Officer of the Company, and from any and all
other offices or manager positions which he holds at the Company, Parent, or
the Company’s subsidiaries.  Effective as
of the date hereof, Executive voluntarily resigns his position as a Director of
the Parent and the Company and all board positions which he holds at any
subsidiaries of the Company.

 

3.                                      Executive’s
Acknowledgment of Consideration.  Executive specifically acknowledges and
agrees that certain of the obligations created and payments made to him by the
Company and/or the Parent under this Agreement are promises and payments to
which he is not otherwise entitled under any law or contract.

 

4.                                      Payments
and Benefits Upon and After the Separation.

 

(a)                                  Final Pay.  On the next regular payroll date following
the date of this Agreement, Executive shall receive a lump sum payment of any
and all then-outstanding final wages for services performed for the Company
through and including the Separation Date plus any and all then-outstanding
accrued and unused vacation, minus, in each case, applicable federal, state and
local tax withholdings.

 

(b)                                 Severance
Benefits.  Upon the
effectuation of this Agreement as required by Section 13 hereof,
Executive (or his heirs or assigns) shall become entitled to receive the
severance benefits described below in Sections 4(b)(i) and 4(b)(ii) (the
“Severance Benefits”).

 

(i)                                     Severance Pay.  Executive shall be entitled to receive
severance payments totaling $425,000, representing twelve months of Executive’s
base salary at the rate in effect as of the Separation Date, minus applicable
federal, state and local tax withholdings. 
Payments shall be made in twenty-six equal installments payable on a
bi-weekly basis in accordance with Company’s customary payroll practices (the “Severance
Payments”) beginning on the first payroll date immediately following the
expiration of the Revocation Period.

 

(ii)                                  Medical and
Dental Insurance Benefits. 
Executive shall be entitled to receive continuation, at the Company’s
expense, of the medical and dental insurance benefits to which Executive was
entitled during the Company’s fiscal year 2010 prior to the Separation Date,
for a period equal to the lesser of (x) twelve months following the
Separation Date, or (y) the period ending on the date Executive first
becomes entitled to receive similar benefits, following completion of any
waiting period, under any plan maintained by any person for whom Executive
provides services as an employee or otherwise.

 

2

 

(c)                                  COBRA and COBRA
Premium Payments.  Effective
as of the Separation Date, as required by the continuation coverage provisions
of Section 4980B of the U.S. Internal Revenue Code of 1986, as amended
(the “Code”), Executive shall be offered the opportunity to elect continuation
coverage under the group medical plan(s) of the Company (“COBRA coverage”)
at the Company’s expense for up to 12 months following the Separation Date and
at Executive’s expense thereafter, if required, subject to the provisions of
COBRA coverage in effect at that time. 
The Company shall provide Executive with the appropriate COBRA coverage
notice and election form for this purpose. 
Executive shall notify the Company within two weeks of any change in his
circumstances that would warrant discontinuation of his COBRA coverage and
benefits (including but not limited to Executive’s receipt, following
completion of any waiting period, of group medical benefits from any other
employer).  The existence and duration of
Executive’s rights and/or the COBRA rights of any of Executive’s eligible
dependents shall be determined in accordance with Section 4980B of the
Code.

 

(d)                                 Stock Options.  Executive acknowledges and agrees that:

 

(i)                                     as of the
Separation Date, Executive held the Stock Options and no other options to
purchase shares of common stock of Parent or the Company;

 

(ii)                                  pursuant to the
terms of the Stock Option Agreement, as of the Separation Date (A) Stock
Options covering 72,922 shares of Common Stock have vested, and (B) Stock
Options covering the balance of the 86,181 shares of Common Stock under the
Stock Option Agreement shall automatically expire and be forfeited and
cancelled;

 

(iii)                               all of the
Stock Options granted in 2009 shall automatically expire and be forfeited and
cancelled; and

 

(iv)                              the Stock
Options covering those shares of Common Stock referenced in the preceding
clause (ii)(A) that are vested as of the Separation Date shall be and
continue to be exercisable until the date that is sixty (60) days after the
Separation Date, whereupon such vested Stock Options shall automatically expire
to the extent not then exercised.

 

(e)                                  RSUs.  Executive acknowledges and agrees that:

 

(i)                                     as of the
Separation Date, Executive held the RSUs and no other restricted stock units of
Parent or the Company; and

 

(ii)                                  as of the
Separation Date (A) none of the RSUs have vested, and (B) all of the
RSUs shall automatically be forfeited and cancelled.

 

(f)                                    Holdings Shares.  Executive acknowledges and agrees that (i) Executive
holds the Holdings Shares and no other equity interests in Holdings, (ii) pursuant
to the terms of the LLC Agreement, as of the Separation Date (A) 131,873.9
of the Class B Holdings Shares have vested and shall be subject to
repurchase by Holdings in accordance with Sections 3.2(b)(iv) and 3.9 of
the LLC Agreement, and (B) the balance of the 43,958.0 Class B
Holdings Shares shall automatically expire and be forfeited and cancelled as of
the Separation Date, and (iii) pursuant to the terms of the LLC Agreement,
the Class A Holdings Shares and the Class C Holdings Shares are not
subject to forfeiture or cancellation as of the Separation Date and Executive
shall continue to hold the Class A Holdings Shares and Class C
Holdings Shares 

 

3

 

following
the Separation Date in accordance with the terms of the LLC Agreement.  Executive also acknowledges and agrees that
the terms and provisions of that letter agreement between Executive and
Holdings, dated as of July 29, 2008, regarding distributions in respect of
the Holdings Shares, remains in full force and effect.

 

(g)                                 Special Payment.  Executive shall be entitled to receive a
special payment of $350,000, minus applicable federal, state and local tax
withholdings.  Such payment shall be made
in a lump sum within five (5) business days after the expiration of the
Revocation Period.  Such payment does not
represent any payment on or settlement with respect to any of the Stock Options
or RSU’s which were forfeited and cancelled pursuant to this Agreement or with
respect to any other agreement or arrangement between Executive and the Company,
the Parent and/or any of their respective subsidiaries.

 

(h)                                 Legal Expenses.  The Company shall promptly pay all attorneys’
fees and expenses (not to exceed $20,000 in the aggregate) actually incurred by
Executive and invoiced to the Company in connection with the Separation and the
negotiation of this Agreement.

 

(i)                                     Indemnification.  The Company represents that the Parent’s
Board of Directors is considering approval of an Indemnification Agreement for
its directors, and the Company agrees that if the Board of Directors of the
Parent approves an Indemnification Agreement (with or without modifications)
for its directors prior to October 28, 2010, the Parent will promptly
enter into an Indemnification Agreement with Executive, relating to his service
as a director, in the form approved by its Board of Directors.

 

(j)                                     Internal
Revenue Code Section 409A.  The intent of the Parties is that payments
and benefits under this Agreement comply with Code Section 409A and the
regulations and guidance promulgated thereunder (collectively “Code Section 409A”)
and, accordingly, to the maximum extent permitted, this Agreement shall be
interpreted to be in compliance therewith. 
In no event whatsoever shall the Company be liable for any additional
tax, interest or penalty that may be imposed on Executive by Code Section 409A
or damages for failing to comply with Code Section 409A.  For purposes of Code Section 409A,
Executive’s right to receive any installment payment pursuant to this Agreement
shall be treated as a right to receive a series of separate and distinct
payments.

 

(k)                                  The Company’s
obligation to make the payments provided for in this Agreement and otherwise to
perform its obligations hereunder shall not be affected by any setoff,
counterclaim, recoupment, defense or other claim, right or action which the
Company may have against Executive or others. 
In no event shall Executive be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to Executive
under any of the provisions of this Agreement, and such amounts shall not be
reduced whether or not Executive obtains other employment.

 

5.                                      Confidential
Information; Non-Competition; Non-Solicitation. Executive
represents, warrants and covenants that, during his employment with the
Company, he has complied in all respects with all of the provisions of the
Confidentiality and Non-Competition Agreement dated December 30, 2005 (the
“Restrictive Covenant Agreement”) 

 

4

 

between
the Company and Executive, and Executive agrees to continue to comply with and
be bound by the Restrictive Covenant Agreement from and after the Separation in
accordance with the terms thereof.

 

6.                                      General
Release and Waiver.

 

(a)                                  General Release.  Executive, for and on behalf of himself and
each of his heirs, executors, administrators, personal representatives,
successors and assigns, to the maximum extent permitted by law, hereby
acknowledges full and complete satisfaction of and fully and forever releases,
acquits and discharges (A) each of the Fully Released Parties , from any
and all claims, demands, suits, causes of action, liabilities, obligations,
judgments, orders, debts, liens, contracts, agreements, covenants and causes of
action of every kind and nature, whether known or unknown, suspected or
unsuspected, concealed or hidden, vested or contingent, in law or equity,
existing by statute, common law, contract or otherwise, which have existed, may
exist or do exist, through and including the execution and delivery by
Executive of this Agreement (but not including Executive’s or the Company’s
performance under this Agreement) (collectively, the “Released Claims”),
and (B) each of the Employment Related Released Parties from any and all
Released Claims arising out of Executive’s application for and employment with
the Company, Parent and their respective subsidiaries, his being a director,
officer or employee of the Company, Parent and their respective subsidiaries,
or the Separation, including, without limitation in each case (A) and (B),
any of the foregoing arising out of or in any way related to or based upon:

 

(i)                                     Executive’s
application for and employment with the Company, Parent and their respective
subsidiaries, his being a director, officer or employee of the Company, Parent
and their respective subsidiaries, or the Separation;

 

(ii)                                  any and all
claims in tort or contract, and any and all claims alleging breach of an
express or implied, or oral or written, contract, policy manual or employee
handbook;

 

(iii)                               any alleged
misrepresentation, defamation, interference with contract, intentional or
negligent infliction of emotional distress, sexual harassment, negligence or
wrongful discharge; or

 

(iv)                              any federal,
state or local statute, ordinance or regulation, including but not limited to
the Age Discrimination in Employment Act of 1987, as amended.

 

“Fully
Released Parties” shall mean each of the Company, the Parent, GT Solar
Holdings, LLC, GFI Energy Ventures, LLC and their respective subsidiaries, together
with the past and present directors, members, officers, employees and attorneys
of the foregoing and the respective successors and assigns of the foregoing.

 

“Employment-Related
Released Parties” means the respective past and present direct and indirect
stockholders, directors, members, partners, officers, employees, attorneys,
agents, affiliates and representatives of each Fully Released Party and their
respective heirs, executors, 

 

5

 

administrators,
personal representatives, successors and assigns; provided, in each case, a
Fully Released Party shall not be deemed an Employment-Related Released Party.

 

“Releasees”
shall mean the Fully Released Parties and the Employment-Related Released
Parties.

 

(b)                                 Acknowledgment
of Waiver;  Disclaimer of Benefits.  Executive acknowledges and agrees that he is
waiving all rights to sue or obtain equitable, remedial or punitive relief from
any or all Releasees of any kind whatsoever, including, without limitation, reinstatement,
back pay, front pay, attorneys’ fees and any form of injunctive relief.  Notwithstanding the foregoing, Executive
further acknowledges that he is not waiving and is not being required to waive
any right that cannot be waived by law, including the right to file a charge or
participate in an administrative investigation or proceeding; provided, however, that
Executive disclaims and waives any right to share or participate in any
monetary award resulting from the prosecution of any such charge or
investigation.

 

(c)                                  Effect of
Release and Waiver.  Executive
understands and intends that this Section 6 constitutes a general
release of all claims to the extent provided in Section 6(a),
above, and that no reference therein to a specific form of claim, statute or
type of relief is intended to limit the scope of such general release and
waiver.  Notwithstanding the foregoing or
any other provision contained herein, Executive does not release any of the
following (and none of the following is included in the definition of “Claim”):

 

(i)                                     claims that
Executive may have against the Company or the Parent for reimbursement of
ordinary and necessary business expenses incurred by him during the course of
his employment;

 

(ii)                                  claims that
arise after the date of this Agreement;

 

(iii)                               any accrued and
vested rights or entitlements that Executive has under any applicable written (a) plan,
(b) policy, (c) program or (d) arrangement of, or (e) other
written agreement, including this Agreement, with, the Company, the Parent or
the Company’s subsidiaries; and

 

(iv)                              Executive’s
right to be indemnified and to have his expenses advanced by the Parent (A) as
set forth in the Parent’s Amended and Restated Certificate of Incorporation as
in effect on the date of this Agreement, (B) as required under applicable
law or (C) as permitted pursuant to the Company’s and/or the Parent’s
directors’ and officer’s liability insurance policies, in each case with
respect to any liability and/or expenses he incurs or incurred as an employee,
officer and/or director of the Company, the Parent and/or any of their
respective subsidiaries;

 

(v)                                 any right or
entitlement Executive may have to obtain contribution as permitted by law in
the event of entry of judgment against him as a result of any act or failure to
act for which he, the Company, the Parent and/or any of their respective
subsidiaries or employees are jointly liable and only in the event and to the
extent that the Parent’s indemnification obligations for the benefit of
Executive under the Parent’s Amended 

 

6

 

and Restated Certificate of Incorporation as
in effect on the date of this Agreement are determined by the final judgment of
a court of competent jurisdiction to be unenforceable with respect to such
judgment.

 

(d)                                 Waiver of
Unknown Claims.  Executive
expressly waives all rights afforded by any statute which limits the effect of
a release with respect to unknown claims. 
Executive understands the significance of his release of unknown claims
and his waiver of statutory protection against a release of unknown claims.

 

(e)                                  The Company
hereby represents and warrants to Executive that, as of the date of this
Agreement, neither the Company nor the Parent is aware of any facts and
circumstances relating to his employment by the Company and/or its affiliates
which would form the basis for the Company and/or its affiliates to assert any
claim against Executive for any reason relating to his employment by the
Company and/or its affiliates or the Separation and, at the date hereof, the
Company and the Parent have no intention of asserting any such claim against
Executive.

 

7.                                      Executive’s
Representations and Covenants Regarding Actions.  Executive represents, warrants and covenants
to each of the Releasees that at no time prior to or contemporaneous with his
execution of this Agreement has he knowingly engaged in any wrongful conduct
against, on behalf of or as the representative or agent of the Company, the
Parent and/or their respective subsidiaries. 
Executive further represents, warrants and covenants to each of the
Releasees that at no time prior to or contemporaneous with his execution of
this Agreement has he filed or caused or knowingly permitted the filing or
maintenance, in any state, federal or foreign court, or before any local,
state, federal or foreign administrative agency or other tribunal, any charge,
claim or action of any kind, nature and character whatsoever (“Claim”),
known or unknown, suspected or unsuspected, which he may now have or has ever
had against the Releasees which is based in whole or in part on any matter
referred to in Section 6(a) above; and, subject to the Company’s
performance under this Agreement, to the maximum extent permitted by law
Executive is prohibited from filing or maintaining, or causing or knowingly
permitting the filing or maintaining, of any such Claim in any such forum.  Executive hereby grants the Company and the
Parent his perpetual and irrevocable power of attorney with full right, power
and authority to take all actions necessary to dismiss or discharge any such
Claim.  Executive further covenants and
agrees that he will not encourage any person or entity, including but not
limited to any current or former employee, officer, director or stockholder of
the Company or the Parent, to institute any Claim against the Releasees or any
of them, and that except as expressly permitted by law or administrative policy
or as required by legally enforceable order he will not aid or assist any such
person or entity in prosecuting such Claim.

 

8.                                      No
Disparaging Remarks. 
Executive hereby covenants to each of the Releasees and agrees that he
shall not, directly or indirectly, make or solicit or encourage others to make
or solicit any disparaging remarks concerning the Releasees, or any of their
products, services, businesses, reputation, goodwill or activities.  The Company hereby covenants to Executive
that it will instruct the officers and directors of the Company and the Parent
who hold such positions on the date of this Agreement that they shall not,
directly or indirectly, make or solicit or encourage others to make or solicit
any disparaging remarks concerning the Executive.  

 

7

 

Nothing
in this Section 8 will prevent either Party from making a truthful
statement (i) in response to a statement by the other Party that violates
this Section 8, (ii) to the extent necessary with respect to
any litigation, arbitration or mediation, including without limitation, any
litigation, arbitration or mediation to enforce this Agreement, (iii) to
the extent required by law or by any court or by any governmental,
administrative or regulatory body with apparent jurisdiction to order such
Party to disclose or make accessible such information, or (iv) to the
other Party.

 

9.                                      No
Conflict of Interest. 
Executive hereby covenants and agrees that he shall not, directly or
indirectly, incur any obligation or commitment, or enter into any contract,
agreement or understanding, whether express or implied, and whether written or
oral, which would be in conflict with his obligations, covenants or agreements
hereunder or which could cause any of his representations or warranties made
herein to be untrue or inaccurate

 

10.                               Executive’s
Business and Litigation Assistance and Cooperation.

 

(a)                                  Executive’s
Business Assistance and Cooperation.  Executive shall make himself reasonably
available to assist and cooperate with the Company, the Parent and/or their
respective subsidiaries in connection with any internal and/or independent
review of the policies, procedures and activities of the Company, the Parent
and/or their respective subsidiaries in respect of all periods during which
Executive was employed by the Company or any of its subsidiaries.  To the extent that Executive provides any
services to the Company, the Parent and/or their respective subsidiaries after December 1,
2009 that exceed 100 hours, the Company shall pay Executive for such assistance
and cooperation a consulting fee at the rate of $400 per hour; provided,
however, that (x) the Company shall not be required to compensate
Executive for any assistance or cooperation relating to or arising from any
litigation, arbitration, government or any other administrative proceeding
involving the Company and/or other Releasees (each, a “Proceeding”) in which
Executive is also named as a defendant and (y) for purposes of calculating
the 100 hours of assistance and 
cooperation, no assistance or cooperation described in the foregoing
clause (x) shall be included.  Any
travel time shall be compensated at 50% of this hourly rate unless Executive is
actively working during such travel time.

 

(b)                                 Executive’s
Litigation Assistance and Cooperation.  Executive acknowledges and affirms his
understanding that he may be a witness in a Proceeding.  Executive hereby covenants and agrees to
testify truthfully in any and all such Proceedings.  Executive further covenants and agrees, upon
prior notice, to make himself reasonably available to and otherwise reasonably
assist and cooperate with the Company and/or such other Releasees and with its
or their respective attorneys and advisors in connection with any such
Proceeding.  Executive shall not be
compensated for any of his time spent testifying or preparing to testify in any
dispute involving the Company or any Releasee in a Proceeding, but otherwise
shall receive consulting fees pursuant to Section 10(a) above.

 

(c)                                  The Company will make all reasonable
efforts to insure when seeking assistance and cooperation that Executive’s
assistance and cooperation pursuant to Sections 10(a) and 10(b) above
will not materially interfere with (A) Executive’s employment and business
responsibilities and obligations or (B) Executive’s important personal obligations.

 

8

 

(d)           Executive’s Expenses.  Executive shall be entitled to reimbursement
for Demonstrably Lost Wages, and to reimbursement of any reasonable,
pre-approved out-of-pocket expenses for travel, lodging, meals and other
transportation, in each case incurred by him in relation to any assistance and
cooperation supplied by Executive as described in this Section 10.  “Demonstrably Lost Wages” means, to
the extent Executive is employed in a full-time position with an employer
(other than himself or an entity he directly or indirectly owns or controls)
and must take an unpaid leave of absence to provide any assistance or
cooperation relating to or arising from any Proceeding in which Executive is
also named as a defendant, the lesser of (A) the wages that Executive lost
as a result of taking such unpaid leave of absence as set forth in a written
statement to the Company from Executive’s full-time employer or (B) $400
per hour.

 

11.          Return of Corporate
Property; Conveyance of Information.

 

(a)           Company Property. 
Upon his Separation, Executive hereby covenants and agrees to
immediately return all documents, keys, credit cards (without further use
thereof), and all other items which are the property of the Company, the Parent
and/or their respective subsidiaries and/or which contain confidential
information; and, in the case of documents, to return any and all materials of
any kind and in whatever medium evidenced, including, without limitation, all
hard disk drive data, diskettes, microfiche, photographs, negatives, blueprints,
printed materials, tape recordings and videotapes.  Notwithstanding anything to the contrary
contained herein, and provided that such items do not contain or reflect
Confidential Information as defined in the Restrictive Covenant Agreement,
Executive will be entitled to retain (i) papers and other materials of a
personal nature, including without limitation personal photographs, personal
correspondence, personal diaries, personal calendars and personal rolodexes,
personal phone books and files relating to his personal affairs, (ii) information
showing Executive’s compensation or relating to his reimbursement of business
related expenses, (iii) information Executive reasonably believes may be
needed for the planning and preparation of his personal tax returns and (iv) copies
of Company plans and agreements relating to Executive’s employment with or
separation from the Company.  In
addition, Executive will be entitled to retain his mobile phone/personal
communications device.

 

(b)           Information. 
Executive hereby acknowledges and affirms that he possesses intellectual
information regarding the Company, the Parent and their respective subsidiaries
and their businesses, operations, and customer relationships.  In addition to the obligation to turn over
any physical embodiment of such information as defined in the Federal Rules of
Civil Procedure and pursuant to Section 11(a), above, and to keep
such information strictly confidential pursuant to Section 5,
above, Executive agrees to make himself available from time to time at the
request of the Company, the Parent or their respective subsidiaries (during
normal business hours and with reasonable prior notice) to discuss and
disseminate such information and to otherwise cooperate with the efforts of the
Company, the Parent or their respective subsidiaries relating thereto.

 

12.          Remedies.  Executive hereby acknowledges and affirms
that in the event of any breach by Executive of any of his covenants,
agreements and obligations under Sections 5 through 8 of
this Agreement, monetary damages would be inadequate to compensate the
Releasees or any of them.  Accordingly,
in addition to other remedies which may be available to 

 

9

 

the
Releasees hereunder or otherwise at law or in equity, (i) any of the
Company or the Parent shall be entitled to specifically enforce such covenants,
obligations and restrictions through injunctive and/or equitable relief, in
each case without the posting of any bond or other security with respect
thereto and (ii) any Releasee shall be entitled to specifically enforce
the covenants, obligations and restrictions set forth in Sections 6
through 8 through injunctive and/or equitable relief, in each case
without the posting of any bond or other security with respect thereto.  Further, in the event of such breach by
Executive which is not cured (if curable) within 20 days after the Executive
receives notice from the Company or the Parent (in case of clause (i)) or any
Releasee (in case of clause (ii)) describing such breach in reasonable detail,
to the maximum extent permitted by applicable law, (x) all payments and
benefits made or to be made to Executive under this Agreement shall be
eliminated, and (y) Executive shall be required to (a) return all but
$100 of any consideration paid by the Company under this Agreement, and (b) pay
all legal fees and costs of the Releasees associated with any injunctive or
enforcement actions successfully undertaken by the Releasees.  Should any provision hereof be adjudged to
any extent invalid by any tribunal of competent jurisdiction, each provision
shall be deemed modified to the minimum extent necessary to render it
enforceable.

 

13.          Acknowledgment of
Voluntary Agreement;  ADEA Compliance.  Executive acknowledges that he has entered
into this Agreement freely and without coercion, that he has been advised by
the Company to consult with counsel of his choice, that he has had adequate
opportunity to so consult, and that he has been given all time periods required
by law to consider this Agreement, including but not limited to the 21-day
period required by the ADEA.  Executive
understands that he may execute this Agreement less than 21 days from its
receipt from the Company, but agrees that such execution will represent his
knowing waiver of such 21-day consideration period. Executive further
acknowledges that within the 7-day period following his execution of this
Agreement (the “Revocation Period”) he shall have the unilateral right
to revoke this Agreement, and that the Company’s obligations hereunder shall
become effective only upon the expiration of the Revocation Period without
Executive’s revocation hereof.  In order
to be effective, notice of Executive’s revocation of this Agreement must be
received by the Company on or before the last day of the Revocation Period.

 

14.          Complete Agreement;
Inconsistencies.  This
Agreement, including the Employment Agreement, Restrictive Covenant Agreement,
Stock Option Agreement, RSU Agreement, the LLC Agreement and any other documents
referenced herein, constitute the complete and entire agreement and
understanding of the Parties with respect to the subject matter hereof, and
supersede in their entirety any and all prior understandings, commitments,
obligations and/or agreements, whether written or oral, with respect thereto;
it being understood and agreed that this Agreement, including the mutual
covenants, agreements, acknowledgments and affirmations contained herein, is
intended to constitute a complete settlement and resolution of all matters set
forth in Section 6 hereof.

 

15.          No Strict Construction.  The language used in this Agreement shall be
deemed to be the language mutually chosen by the Parties to reflect their
mutual intent, and no doctrine of strict construction shall be applied against
any Party.

 

10

 

16.          Non-Admission.  Nothing herein shall be deemed or construed
to represent an admission by the Company or the Releasees of any violation of
law or other wrongdoing with respect to Executive.

 

17.          Third Party Beneficiaries.  The Parent is an intended third party
beneficiary of Sections 5 through 8 of this Agreement, and
Releasees are intended third-party beneficiaries of Sections 6
through 8 of this Agreement, and such Sections may be enforced by
each of them in accordance with the terms hereof in respect of the rights
granted to such Releasees hereunder. 
Executive’s heirs or assigns also are intended third-party beneficiaries
with respect to the payments set forth in Section 4 of this
Agreement in the event of Executive’s death or incompetence, and this Agreement
may be enforced by each of them in accordance with the terms of that Section 4
in respect of the rights granted to such heirs or assigns therein.  Except and to the extent set forth in the
preceding two sentences, this Agreement is not intended for the benefit of any
Person other than the Parties, and no such other Person shall be deemed to be a
third party beneficiary hereof.  Without
limiting the generality of the foregoing, it is not the intention of the
Company to establish any policy, procedure, course of dealing or plan of
general application for the benefit of or otherwise in respect of any other
employee, officer, director or stockholder, irrespective of any similarity
between any contract, agreement, commitment or understanding between the
Company and such other employee, officer, director or stockholder, on the one
hand, and any contract, agreement, commitment or understanding between the
Company and Executive, on the other hand, and irrespective of any similarity in
facts or circumstances involving such other employee, officer, director or
stockholder, on the one hand, and the Executive, on the other hand.

 

18.          Tax Withholdings.  Notwithstanding any other provision herein,
the Company shall be entitled to withhold from any amounts otherwise payable
hereunder to Executive any amounts required to be withheld in respect of
federal, state or local taxes.

 

19.          Governing Law.  All issues and questions concerning the construction,
validity, enforcement and interpretation of this Agreement shall be governed
by, and construed in accordance with, the laws of the State of New Hampshire,
without giving effect to any choice of law or conflict of law rules or
provisions that would cause the application hereto of the laws of any
jurisdiction other than the State of New Hampshire.  In furtherance of the foregoing, the internal
law of the State of New Hampshire shall control the interpretation and
construction of this Agreement, even though under any other jurisdiction’s
choice of law or conflict of law analysis the substantive law of some other
jurisdiction may ordinarily apply.

 

20.          Severability.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall otherwise remain in full
force and effect.

 

21.          Counterparts.  This Agreement may be executed in separate
counterparts, each of which shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

 

22.          Successors and Assigns.  The Parties’ obligations hereunder shall be
binding upon their successors and assigns. 
The Parties’ rights and the rights of the other 

 

11

 

Releasees
shall inure to the benefit of, and be enforceable by, any of the Parties’ and
Releasees’ respective successors and assigns. 
The Company may assign all rights and obligations of this Agreement to
any successor in interest to the assets of the Company.  In the event that the Company is dissolved,
all obligations of the Company under this Agreement shall be provided for in
accordance with applicable law.

 

23.          Amendments and Waivers.  No amendment to or waiver of this Agreement
or any of its terms shall be binding upon any Party unless consented to in
writing by such Party.

 

24.          Headings.  The headings of the Sections and subsections
hereof are for purposes of convenience only, and shall not be deemed to amend,
modify, expand, limit or in any way affect the meaning of any of the provisions
hereof.

 

25.          Disputes.  Subject to the terms of, and any exceptions
provided in, this Agreement, any controversy or claim (including all claims
pursuant to common and statutory law) between Executive and the Company,
including without limitation, all controversies and claims relating to this
Agreement or arising out of or relating to the subject matter of this
Agreement, Executive’s employment with the Company, and/or Executive’s
separation from the Company (“Disputes”), will be resolved exclusively
through binding arbitration.  The Parties
hereto each waive the right to a jury trial and each waive the right to
adjudicate their Disputes outside the arbitration forum provided for in this
Agreement, except as otherwise provided in this Agreement or required by
applicable law.  Such arbitrations will
be conducted by and in accordance with the governing rules of the American
Arbitration Association.  The arbitration
will be held in the City of Manchester, State of New Hampshire, unless
Executive and the Company mutually agree otherwise.  Disputes shall be subject to the provisions
of New Hampshire Revised Statutes Annotated Chapter 542.  Nothing contained in this Section 25
will be construed to limit or preclude a Party from bringing any action in any
court of competent jurisdiction for injunctive or other provisional relief to
compel another Party to comply with its obligations under this Agreement or any
other agreement between or among the Parties during the pendency of the
arbitration proceedings.  The fees and
expenses of the arbitrator will be borne by the Company subject to any rules of
the selected arbitration service that permit the arbitrator in his or her
discretion to require any one or more of the Parties to bear all or any portion
of the fees and expenses of the arbitrator; provided, however, that with respect to claims that, but for this
mandatory arbitration clause, could be brought against the Company under any
applicable federal or state labor or employment law (“Employment Law”),
the arbitrator will be granted and will be required to exercise all discretion
belonging to a court of competent jurisdiction under such Employment Law to
decide the Dispute, whether such discretion relates to the provision of
discovery, the award of any remedies or penalties, or otherwise.  As to Disputes not relating to Employment
Laws, the arbitrator will have the authority to award any remedy or relief that
a Court of the State of New Hampshire could order or grant.  The decision and award of the arbitrator will
be in writing and copies thereof will be delivered to each Party.  The decision and award of the arbitrator will
be binding on all Parties.  In rendering
such decision and award, the arbitrator will not add to, subtract from or
otherwise modify the provisions of this Agreement.  Either Party to the arbitration may seek to
have the ruling of the arbitrator entered in any court having jurisdiction
thereof.  Except as otherwise specifically
provided in this Section 25, each Party agrees that it will not
file suit, motion, petition or 

 

12

 

otherwise
commence any legal action or proceeding for any matter which is required to be
submitted to arbitration as contemplated herein except in connection with the
enforcement of an award rendered by an arbitrator and except to seek the
issuance of an injunction or temporary restraining order pending a final
determination by the arbitrator.  Upon
the entry of any order dismissing or staying any action or proceeding filed
contrary to the preceding sentence, the Party which filed such action or
proceeding will promptly pay to the other Party the reasonable attorney’s fees,
costs and expenses incurred by such other Party prior to the entry of such
order.  Both during and after the entire
arbitration process as contemplated herein, the arbitration itself and
information and discovery disclosed in the arbitration process (“Arbitration
Information”) shall be maintained in strictest confidence by the Parties
and their counsel and by the authorized Party to whom Arbitration Information
is disclosed.  Arbitration Information
may be used, possessed, and disclosed only as allowed in this Agreement, and
only for the purposes of arbitration and related proceedings pursuant to this
Agreement, and for no other purpose whatsoever. 
Accordingly, without limitation, Arbitration Information may not be
disclosed:  (1) to any judicial,
governmental, regulatory, administrative, arbitral, corporate, or other entity
not administering arbitration under this Agreement; (2) to any member of
the general public; or (3) to the media; provided,
however, that Arbitration Information
may be disclosed to (A) the arbitration Parties and their respective
advisors, consultants and experts (and such Parties’ authorized employees and
agents); (B) the arbitrator and arbitration administrator (and their
authorized staffs); (C) fact witnesses reasonably expected to offer
relevant evidence in an arbitration proceeding, and (D) a court of
competent jurisdiction in an action to enforce arbitration or an arbitration
order under this Agreement, or as otherwise required by a court of competent
jurisdiction or by a governmental, administrative or regulatory body with
apparent jurisdiction to order disclosure. 
The arbitrator shall, upon request, issue all prescriptive orders as may
be required to enforce and maintain this covenant of confidentiality during the
course of the arbitration and after the conclusion of same so that the result
and underlying data, information, materials, and other evidence are forever
withheld from public dissemination with the exception of its subpoena by a
court of competent jurisdiction in an unrelated proceeding brought by a third
party or a requirement of its disclosure by a governmental, administrative or
regulatory body with apparent jurisdiction to order disclosure.  The consideration for this Agreement includes
the Parties’ mutual agreement to arbitrate their Disputes.  This Section 25 shall be
construed and enforced under the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq.

 

* * * * *

 

13

 

IN WITNESS WHEREOF, the Parties have executed
this Separation and General Release Agreement effective as of the date of the
last signature affixed below or as otherwise provided in this Agreement.

 

READ
CAREFULLY BEFORE SIGNING

 

I have read this Separation and General Release
Agreement and have had the opportunity to consult legal counsel prior to my
signing of this Agreement.  I understand
that by executing this Agreement I will relinquish certain rights and demands I
may have against the Releasees or any of them.

 

	
  DATED:

  	
          11/13/09

  	
   

  	
  By:

  	
   /s/ Thomas M. Zarrella 

  
	
   

  	
   

  	
  Thomas M. Zarrella

  
	
   

  	
   

  
	
   

  	
   

  
	
  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  * 
  *  *  *  *

  
	
   

  
	
   

  
	
  DATED:

  	
          11/13/09

  	
   

  	
  GT SOLAR INCORPORATED 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Hoil Kim 

  
	
   

  	
   

  	
  Hoil Kim 

  
	
   

  	
   

  	
  Vice President, General
  Counsel and Secretary

  

 

[Signature Page to Thomas M. Zarrella Separation
Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]