Document:

Exhibit 10.6

    

    

    LOCKUP AGREEMENT

    

    

    This Lockup Agreement (this “Agreement”) is made and entered into as of September __,  2021, by and between iSun, Inc., a Delaware corporation (“iSun”), and the person set forth on
      the signature page attached hereto (“Stockholder”). Each capitalized term used, but not otherwise defined, herein has the respective meaning ascribed to such term in the Agreement and Plan of Merger, dated as of September    , 2021, by and among
      iSun, iSun Residential Merger Sub, Inc., a Vermont corporation and wholly-owned subsidiary of iSun Residential, Inc., a Delaware corporation and wholly-owned subsidiary of iSun, SolarCommunities, Inc., a Vermont benefit corporation, Jeffrey Irish,
      James Moore, and Duane Peterson, as Shareholder Representative Group (the “Merger Agreement”).

    

    

    WHEREAS, the Stockholder has agreed that all shares (the “Shares”) of iSun Common Stock currently held by  Stockholder or subsequently issued to Stockholder pursuant to the Merger
      Agreement, shall be subject to a lockup agreement1; and

    

    

    WHEREAS, the execution and delivery of this Agreement by Stockholder is a condition precedent to the obligations of iSun to consummate the transactions contemplated by the Merger
      Agreement.

    

    

    NOW, THEREFORE, in consideration of the transactions contemplated by the Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which are
      hereby acknowledged, Stockholder and iSun hereby agree as follows:

    

    

    	1.	
            Stockholder hereby acknowledges and agrees that, during the period beginning on the date hereof and ending upon the expiration of the Lockup Period (as defined below), Stockholder shall not:

          

    

    

    	

          	(a)	
            sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or
              decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to any portion of the Shares;

          

    

    

    	

          	(b)	
            enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Shares, whether any
                such transaction is to be settled by delivery of Shares or such other securities, in cash or otherwise; or

          

    

    

    	

          	(c)	
            publicly announce any intention to effect any transaction specified in clauses (a) or (b).

          

    

    

    As used herein, the term “Lockup Period”, with respect to any Shares, means the period beginning on the date such Shares are issued   (each such date, an  “Issue  Date”) and ending on the date that is
      180 days following the applicable Issue Date.

    

    

    

    

    

    1 NTD – insert language for Jeffrey Irish allowing 25% of shares to be exempt from Lockup

    
      
        

    

    
    

    

    	2.	
            Notwithstanding the provisions of paragraph 1 above, Stockholder may transfer any of the Shares:

          

    

    

    	

          	(a)	
            by gift or other transfer to a member of Stockholder’s immediate family or to a trust, corporation, partnership or limited liability company established for estate planning purposes, the beneficiaries, stockholders, partners or members of
              which are members of such Stockholder’s immediate family or a charitable organization;

          

    

    

    	

          	(b)	
            by virtue of the applicable laws upon dissolution of Stockholder, if the Stockholders is a legal entity;

          

    

    

    	

          	(c)	
            by virtue of the Laws of descent and distribution upon the death of Stockholder, as applicable; or

          

    

    

    	

          	(d)	
            to any of Stockholder’s Affiliates;

          

    

    

    provided, however, that (i) all such permitted transferees shall execute and deliver a lockup agreement substantially in the form of this Agreement and shall be bound by the transfer restrictions
      contained herein, (ii) any such transfers shall not involve a disposition for value (other than as described above in clause (b)), (iii) any such transfers that result in a reduction of beneficial ownership of the Shares are not required to be
      reported with the Securities and Exchange Commission (the “SEC”) on Form 4 pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and (iv) the undersigned does not otherwise voluntarily effect any public
      filing or report regarding such transfers.

    

    

    For purposes of this Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin.

    

    

    	3.	
            Stockholder hereby represents and warrants to iSun that such Stockholder has full power and authority to enter into this Agreement.

          

    

    

    	4.	
            iSun shall cause each of the certificates evidencing the Shares to be legended with the applicable transfer restrictions. Stockholder agrees and consents to the entry of stop transfer instructions with transfer
              agent and registrar against the transfer of the Shares, except in compliance with this Agreement, and iSun and its transfer agent are hereby authorized to decline to make any transfer of securities if such transfer would constitute a
              violation or breach of this Agreement.

          

    

    

    	5.	
            This Agreement constitutes the entire agreement by the parties hereto and supersedes all prior understandings, agreements, or representations by the parties hereto, written or oral, to the extent that they relate in
              any way to the subject matter hereof.

          

    

    

    	6.	
            This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

          

    

    

    	7.	
            This Agreement and any claim, controversy or dispute arising out of or related to this Agreement or the interpretation and enforcement of the rights and duties of the parties hereto, whether arising in law or
              equity, whether in contract, tort, under statute or otherwise, shall be governed by and construed in accordance with the domestic laws of the State of Delaware (including in respect of the statute of limitations or other limitations period
              applicable to any such claim, controversy or dispute), without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any
              jurisdiction other than the State of Delaware.

          

    

    

    
      2

      
        

    

    

    

    	8.	
            All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim, or other communication hereunder shall be deemed duly given (a) when delivered
              personally to the recipient, (b) when sent by electronic mail or facsimile, on the date of transmission to such recipient, (c) one Business Day after being sent to the recipient by reputable overnight courier service (charges prepaid), or (d)
              four (4) Business Days after being mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, and addressed to the address or facsimile number indicated on the books and records of iSun or such
              other address as a party hereto shall subsequently provide.

          

    

    

    	9.	
            No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the parties hereto and approved in writing by the Audit Committee of the Board of Directors of iSun.
              No waiver by any party hereto of any provision of this Agreement or any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be valid unless the same shall be in writing and signed by the
              party making such waiver and, in the case of iSun, approved in writing by the Audit Committee of the Board of Directors of iSun nor shall such waiver be deemed to extend to any prior or subsequent default, misrepresentation, or breach of
              warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

          

    

    

    	10.	
            Each of the parties hereto has been informed that irreparable damage would occur if any of the provisions of this Agreement are not performed in accordance with their specific terms and in the event of breach of
              this Agreement by a party hereto, the non-breaching party would not be adequately compensated in all cases by monetary damages alone. Accordingly, in addition to any other right or remedy to which the non-breaching party may be entitled, such
              party shall be entitled to seek to enforce any provision of this Agreement by a decree of specific performance and to temporary, preliminary and permanent injunctive relief to prevent breaches or threatened breaches of any of the provisions
              of this Agreement, without posting any bond or other undertaking.

          

    

    

    	11.	
            If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless
              remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any party hereto. Upon such determination that any term or other
              provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of such parties as closely as possible in a mutually acceptable manner
              in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the fullest extent possible.

          

    

    

    	12.	
            This Agreement may be executed in one or more counterparts (including by means of electronic mail or facsimile), each of which shall be deemed an original but all of which together shall constitute one and the same
              instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto. The parties hereto agree that the delivery of this Agreement may be effected by means of an
              exchange of facsimile signatures or other electronic delivery.

          

    

    

    [Signature Page Follows]

    

    

    
      3

      
        

    

    

    

    IN WITNESS WHEREOF, the parties hereto have executed this Lockup Agreement on the date first written above.

    

    

    	 	
            iSun, Inc.

          
	 	 	 
	 	
            By:

          	 
	 	
            Name:

          	
            Jeffrey Peck

          
	 	
            Title:

          	
            CEO

          
	 	 	 
	 	
            Stockholder:

          
	 	 	 
	 	
            [NAME]

          
	 	 
	 	
            

            

          

    

    

    

    

    Signature Page to Lockup Agreement

  

   

    

  4Exhibit 10.7

      

      

      EXECUTIVE EMPLOYMENT AGREEMENT

      

      

      This Executive Employment Agreement (the “Agreement”) is entered into as of   [                ] __, 2021    by and between SolarCommunities, Inc., a Vermont corporation (the “Company”), and [                              ] (“Executive”), each a “party” and together the “parties.”  This
        Agreement consists of this Agreement and Exhibits [A, B and C].

      

      

      The Company wishes to employ Executive in the position of [          ], and the Executive wishes to serve in such capacity; and

      

      

      The Company and Executive desire to set forth the terms and conditions of Executive’s employment with the Company.

      

      

      For purposes of clarity, it is understood that references to “Executive” in this Agreement means employment in an executive position with the Company only, not any parent or affiliate of the
        Company, which employment will be by separate, written agreement only.

      

      

      NOW THEREFORE, in consideration of the mutual covenants and agreements in this Agreement and other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the Company
        and Executive agree as follows:

      

      

      1.          Term.  Unless sooner terminated in accordance with Section 4, the initial term of this Agreement (the “Initial Term”) shall commence on
        the Effective Date and continue until the end date of the Initial Term date as specified on Exhibit A.   This Agreement may be renewed upon mutual consent of the parties in writing for additional one (1) year periods (or such other term as mutually
        agreed by the parties in writing) (each a “Renewal Term,” and together with the Initial Term, the “Employment Period”).

      

      

      	

            	2.	
              Position and Duties.

            

      

      

      	

            	a.	
              Executive will serve as an employee of the Company in the position and having the title set forth on Exhibit A and will have duties and obligations as may be detailed on Exhibit A, as same may be modified by the Board from time to time
                in accordance with this Agreement.  In such capacity, Executive will have the normal duties, responsibilities, and authority of such position, and will report to and be subject to the authority of the person(s) identified on Exhibit A.

            

      

      

      	

            	b.	
              During the Employment Period, Executive will devote substantially all of Executive’s business time and attention to the performance of Employee’s duties under this Agreement and will not engage in any other business, profession, or
                occupation for compensation or otherwise which would conflict or interfere with the performance of such services or Executive’s exercise of judgment in the Company’s best interests, either directly or indirectly, without the prior written
                consent of the Board in each instance, which consent is in the sole discretion of the Board. Notwithstanding the foregoing, Executive will be permitted: (i) with the prior   written consent of the Board in each instance (which consent will
                not be unreasonably withheld or delayed, but the withholding of which consent will in no event constitute “Good Reason” as defined below) act or serve as a director, trustee, committee member or volunteer of any type of business, civic, or
                charitable organization, as long as such activities do not compete with the business of the Company, interfere with the performance of the Executive’s duties to the Company or interfere with Executive’s exercise of judgment in the Company’s
                best interests; and (ii) purchase or own less than three percent (3%) of the publicly traded securities of any corporation, provided that such ownership represents a passive investment and that Executive is not a controlling person of, or a
                member of a group that controls, such corporation.

            

      

      

      
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            	c.	
              Executive represents and warrants to the Company that Executive’s acceptance of employment with the Company and the performance of Executive’s duties under this Agreement will not conflict with or result in a violation of any contract,
                agreement, or understanding to which Executive is a party or is otherwise bound, including without limitation any non-solicitation, non- competition or other similar covenant or agreement with a prior employer.  Executive represents and
                warrants that in connection with Executive’s employment with the Company, Executive will not use any third party confidential or proprietary information Executive may have obtained in connection with employment with any prior employer or
                otherwise.

            

      

      

      	

            	d.	
              At any time during the Employment Period, the Company will have the right to insure the life of Executive for the sole benefit of the Company, in such amounts, and with such terms, as it may determine. All premiums payable will be the
                obligation of the Company. Executive will have no interest in any such policy, but agrees to cooperate with the Company in procuring such insurance by submitting to physical examinations, supplying all information required by the insurance
                company, and executing all necessary documents, provided that no financial obligation is imposed on Executive by any such documents.

            

      

      

      	

            	e.	
              During the Employment Period, the Company may insure Executive under a directors and officers insurance policy in amounts, and on terms and conditions, no less favorable than those policies made available by the Company to any similarly
                situated executive.

            

      

      

      	

            	f.	
              Cooperation. In consideration of the payments and benefits set forth in this Executive Employment Agreement, Executive agrees, during the period of employment with the Company or any of its subsidiaries or affiliates and thereafter, upon
                written request of the Company, to provide assistance to the Company and its advisors in connection with any audit, investigation or administrative, regulatory or judicial proceeding involving matters within the scope of Executive’s duties
                and responsibilities to the Company during employment with the Company, or as to which Executive otherwise has knowledge (including being available to the Company upon reasonable notice for interviews and factual investigations, and
                appearing at the Company’s reasonable request to give testimony without requiring services of a subpoena or other legal process). To the extent reasonably practicable, the Company will coordinate with Executive to minimize scheduling
                conflicts with Executive’s then current business and personal commitments. The Company will reimburse Executive for all reasonable and documented expenses incurred in connection with such cooperation, including travel, lodging and meals, to
                the extent, and at the levels, provided to Executive during the Employment Period. Executive will not be required to cooperate against Executive’s own legal interests.

            

      

      

      	

            	3.	
              Compensation.

            

      

      

      	

            	a.	
              Base Salary and Bonus. The Company will pay Executive a base salary (the “Base Salary”) as set forth on Exhibit A. The Base Salary will be payable in accordance with the Company’s payroll
                schedule and applicable wage payment laws, but no less frequently than monthly.

            

      

      

      	

            	b.	
              Bonus. In the sole discretion of the Board, Executive may be eligible to receive a cash bonus (the “Bonus”), based on the achievement of Executive’s and Company’s performance goals
                established by the Board, within the measurement period established by the Board (the “Bonus Period”). The Bonus, if any, will be paid on the date that bonuses are paid to similarly situated
                executives, or if no such date has been established, within sixty (60) days after the end of the applicable Bonus Period.

            

      

      

      	

            	c.	
              Compensation Plan. As provided in Exhibit B.

            

      

      

      
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            	d.	
              Benefits. During the Employment Period, Executive, will be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, “Employee Benefit Plans”), on a basis which is no less favorable than is provided to other similarly situated executives of the Company to the extent consistent with applicable law and the eligibility of
                Executive under the terms of the applicable Employee Benefit Plans.  The Company reserves the right to amend or terminate any Employee Benefit Plan at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and
                applicable law, and no such termination will be considered “Good Reason” for termination of this Agreement by Executive except as specified on Exhibit A.

            

      

      

      	

            	e.	
              Company Property.  During the term of Executive’s employment, Executive will be entitled to use of a Company-provided cellular telephone and laptop computer, and other fringe benefits and perquisites consistent with those provided
                to similarly situated executives of the Company.  Executive acknowledges that all equipment provided by the Company will remain Company property during the Employment Period and thereafter.

            

      

      

       

      

      

      

      	

            	f.	
              Vacation; Paid Time Off. During the Employment Period, Executive will be entitled to _________________ (__) paid days per calendar year (prorated for partial years) of combined vacation and other paid time off, in accordance with
                the Company’s policies as in effect from time to time and as required by applicable law.

            

      

      

       

      

      

      

      	

            	g.	
              Business Expenses. Executive will be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment, and travel expenses incurred by Executive in connection with the performance of Executive’s
                duties in accordance with the Company’s then-current expense reimbursement policies and procedures, including submission of receipts in form as then required by the Company.

            

      

      

      4.          Termination of Employment. The Employment Period and Executive’s employment may be terminated by either the Company or Executive at any time and for any reason or for no particular reason with or
        without prior notice. Upon termination of Executive’s employment during the Employment Period, Executive will be entitled to the compensation and benefits described in this Section 4 and will have no further rights to any compensation or any other
        benefits from the Company or any of its affiliates.

      

      

      a.          For purposes of this Agreement, “Cause” will mean:

      

      

      	

            	i.	
              Executive’s engagement in dishonesty, fraud, or misconduct injurious to the Company or demonstrably injurious to the Company’s reputation, including without limitation: submission of false claims for expense reimbursement; violations of
                the Company’s policies against harassment of any kind or nature under federal, state or local laws or regulations; or breach of health or safety regulations as then provided in the Company’s Employee Handbook or other relevant policies;

            

      

      

      	

            	ii.	
              Executive’s conviction of (or plea of guilty or nolo contendere to) any crime;

            

      

      

      	

            	iii.	
              Executive’s material breach of this Agreement or any other written agreement between the Company and Executive; or

            

      

      

      
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            	iv.	
              Executive’s refusal to comply with the reasonable and lawful directives of  any person to whom Executive reports or the Company’s Board, or the directives of the President, Chief Executive Office or Board of Directors of iSun, Inc., a
                Delaware corporation, or [a Member or Manager of iSun Residential, LLC][[the Board of iSun Residential, Inc.], or Executive’s failure adequately to perform Executive’s duties under this Agreement (other than any such failure resulting from
                incapacity due to physical or mental illness), after the Company has given notice to Executive and Executive has had ten (10) business days in which to cure such deficiency if such deficiency is subject to cure.

            

      

      

      	

            	b.	
              For purposes of this Agreement, “Good Reason” will mean:

            

      

      

      	

            	i.	
              a material reduction in Executive’s then-current Base Salary;

            

      

      

      	

            	ii.	
              the Company’s failure to pay any portion of Employee’s annual Base Salary or failure to pay any Bonus for which Executive has become eligible in accordance with its terms within ten (10) days of the date such compensation is due;

            

      

      

      	

            	iii.	
              the Company’s material breach of this Agreement or any other written agreement between the Company and the Employee after opportunity to cure as provided in 4.b.vii below;

            

      

      

      	

            	iv.	
              a material adverse change in Executive’s title, authority, duties or responsibilities (other than temporarily while Executive is physically or mentally incapacitated, or as required by applicable law);

            

      

      

      	

            	v.	
              a material adverse change in the reporting structure applicable to Executive not applicable to similarly situated executives of the Company; or

            

      

      

      	

            	vi.	
              the Company’s failure to obtain an agreement from any successor to the Company to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no succession had
                taken place, except where such assumption occurs by operation of law.

            

      

      

      	

            	vii.	
              To terminate Executive’s employment for Good Reason, Executive must provide written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within thirty (30) days of the initial
                existence of such grounds and the Company must have at least sixty (60) business days from the date on which such notice is provided to cure such circumstances. If Employee does not provide notice to the Company of intent to terminate
                Employee’s employment for Good Reason within thirty (30) days after the first occurrence of the applicable grounds, Employee will be deemed to have waived Employee’s right to terminate for Good Reason with respect to such grounds.

            

      

      

      	

            	c.	
              The Employment Period and Executive’s employment may be terminated by the Company for Cause or by Executive without Good Reason and Executive will be entitled to receive:

            

      

      

      	

            	i.	
              any accrued but unpaid Base Salary and accrued but unused vacation and paid time off, which will be paid on the pay date immediately following the date of Executive’s termination in accordance with the Company’s customary payroll
                procedures and applicable law;

            

      

      

      	

            	ii.	
              reimbursement for unreimbursed business expenses properly incurred by Executive, which will be subject to and paid in accordance with the Company’s expense reimbursement policy;

            

      

      

      
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            	iii.	
              COBRA benefits and such other employee benefits, if any, to which Executive may be entitled under the Company’s employee benefit plans as of the date of Executive’s termination; provided that, in no event will Executive be entitled to
                any payments in the nature of severance or termination payments except as specifically provided in this Agreement.

            

      

      

      Items 4(c)(i) through 4(c)(iii) are referred to collectively as the “Accrued Amounts.”

      

      

      	

            	d.	
              The Employment Period and Executive’s employment may be terminated by the Company without Cause or by Executive for Good Reason. In the event of such termination, Executive will be entitled to receive the Accrued Amounts and, subject to
                Executive’s compliance with the Exhibit C to this Agreement and Executive’s execution, within twenty-one (21) days following receipt, of a release of claims in favor of the Company, its affiliates, subsidiaries, shareholders, officers and
                directors and its and their successors and assigns in a reasonable and customary form that is provided by the Company (which release is not revoked by Executive if such release includes a revocation period), Executive will be entitled to
                receive the following:

            

      

      

      	

            	i.	
              A lump sum payment or installment payments payable on then-current payroll payment dates, in the discretion of the Company, equal to Executive’s Base Salary less deductions required by law, beginning on the termination date of
                Executive’s employment for the year in which Executive’s termination occurs (provided that if Executive terminates for Good Reason due to a material reduction in Executive’s Base Salary, the payment will be equal to Executive’s Base Salary
                prior to such reduction).  In the event Executive’s employment is terminated in the final six months of any year, Executive will be paid a total of six (6) months’ Base Salary less deductions required by law; and

            

      

      

      	

            	ii.	
              A lump sum payment equal to the product of (A) the Bonus, if any, that Executive otherwise would have earned for the Bonus Period of Executive’s termination had no termination occurred, based on achievement of the applicable performance
                goals for such Bonus Period; and (B) a fraction, the numerator of which is the number of days Executive was employed by the Company during the Bonus Period of termination and the denominator of which is the number of days in such Bonus
                Period (the “Pro Rata Bonus”), less applicable deductions as required by law. This amount will be paid on the date that Bonuses are paid to similarly situated executives.  In no event will this paragraph be construed to require payment of
                any Bonus other than as prescribed by any then-current Bonus Plan in which Executive participated immediately prior to termination.

            

      

      

      	

            	e.	
              Executive’s employment under this Agreement will terminate automatically upon    Executive’s death during the Employment Period.  The Company may terminate Executive’s employment on account of Executive’s Disability. If Executive’s
                employment is terminated during the Employment Period on account of Executive’s death or Disability, Executive (or Executive’s estate and/or beneficiaries, as the case may be) will be entitled to receive the following:

            

      

      

      	

            	i.	
              the Accrued Amounts; and

            

      

      

      
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            	ii.	
              a lump sum payment equal to the Pro Rata Bonus, if any, that Executive would have earned for the Bonus Period of Executive’s termination based on the achievement of applicable performance goals for such Bonus Period, which will be
                payable on the date that bonuses are paid to the Company’s similarly situated executives, but in no event later than one hundred eighty (180) days following the date of Executive’s termination, provided however, that if Executive’s
                beneficiaries or estate are then entitled to payments from a life insurance policy the premiums of which were paid by Company, the Bonus will be reduced by the amount of payments received or to be received by the beneficiaries or estate
                under such life insurance policy.

            

      

      

      For purposes of this Agreement, “Disability” will mean Executive’s inability, due to physical or mental incapacity, to perform or be reasonably expected
        to perform, the essential functions of Executive’s job, with or without reasonable accommodation as then required by law, for sixty (60) consecutive days or ninety  (90) days out of any three hundred sixty-five (365) day period. Any question as to
        the existence of Executive’s Disability as to which Executive and the Company cannot agree will be determined in writing by a qualified independent physician mutually acceptable to Executive and the Company. The determination of Disability made in
        writing to the Company and Executive will be final and conclusive for all purposes of this Agreement. Notwithstanding any other provision contained herein, any payments made in connection with Executive’s Disability will be provided in a manner
        consistent with applicable law.    Following Executive’s death or a termination of Executive’s employment by reason of a Disability, except as set forth in this Section 4.e, Executive will have no further rights to any compensation or any other
        benefits under this Agreement.

      

      

      	

            	f.	
              Unless otherwise agreed in writing by the Executive and the Company, termination of Executive’s employment pursuant to this Agreement will be effective on the earliest of (i) thirty (30) days after Employee, for any reason, gives written
                notice to the Company of Employee’s termination without Good Reason, (ii) the day the Company gives written notice to Executive of Executive’s termination for Cause (provided that other required notices have been provided and cure periods
                elapsed related to such termination for Cause), (iii) thirty (30) days after the Company, for any reason other than Cause, gives written notice to Executive of Executive’s termination; (iv) sixty (60) days after Executive tenders notice of
                termination for Good Reason provided the Company has not cured the circumstances giving reason for termination for Good Reason, and further provided that no such termination will occur if the Company is moving reasonably to cure during the
                sixty day cure period. The notice of termination will specify the termination provision of this Agreement relied upon, and the facts and circumstances claimed to provide a basis for any termination for Cause or for Good Reason. If the
                Company terminates Executive’s employment for any reason other than Cause, (A) Executive (or Executive’s estate in the event of Executive’s death) will receive compensation through the notice period, and (B) the Company reserves the right
                to require

            

      

      

      that Executive not perform any services or report to work during the notice period.

      

      

      	

            	g.	
              Upon termination of Employee’s employment for any reason, Employee will be deemed to have resigned from all positions that Employee holds as an officer or member of the Board of the Company and/or any of its affiliates.

            

      

      

      5.          Restrictive Covenants. As a condition of Employee’s employment with the Company, Employee will enter into and abide by the Confidential Information, Inventions, Non- Solicit and Non-Compete Agreement
        attached as Exhibit C to this Agreement.

      

      

      
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      6.          Section 409A.

      

      

      a.          This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) or an exemption thereunder and will be
        construed and administered in accordance with such intent. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable
        exemption. Any nonqualified deferred compensation payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral will be excluded from Section
        409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement will be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment will only
        be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event will the Company
        be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by Employee on account of non-compliance with Section 409A.

      

      

      b.          Notwithstanding any other provision of this Agreement, if any payment or benefit provided to Executive in connection with Executive’s termination of employment is determined to constitute “nonqualified
        deferred compensation” within the meaning of Section 409A and Executive is determined to be a “specified employee” as defined in Section 409A(a)(2)(b)(i), then such payment or benefit will not be paid until the first payroll date to occur following
        the six-month anniversary of the date of Executive’s termination or, if earlier, on Executive’s death (the “Specified Employee Payment Date”). The aggregate of any payments that would otherwise have been paid
        before the Specified Employee Payment Date will be paid to Executive in a lump sum on the Specified Employee Payment Date and thereafter any remaining payments will be paid without delay in accordance with Executive’s original schedule.

      

      

      c.          To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement will be provided in accordance with the following:

      

      

      i.          the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any
        other calendar year;

      

      

      ii.          any reimbursement of an eligible expense will be paid to Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred; and

      

      

      iii.          any right to reimbursements or in-kind benefits under this Agreement will not be subject to liquidation or exchange for another benefit.

      

      

      7.          Governing Law; Arbitration. This Agreement will be governed by the laws of the State of Vermont, without regard to its principles of conflicts of law. Other than as provided in the Company’s
        Confidential  Information, Inventions, Non-Solicit and Non-Compete Agreement and/or any Company Plan to which Executive is subject, in the event the parties are unable to resolve any dispute arising out of or in connection with this Agreement
        through negotiation within thirty (30) calendar days after written notification by one Party to the other as to the existence and nature of such dispute (or such longer period as the parties may agree), the parties agree to submit the dispute to
        binding arbitration in Burlington, Vermont.  The arbitration will be by a single arbitrator experienced in employment matters acceptable to both parties. The arbitration will be governed by the Vermont Arbitration Act, the United States Arbitration
        Act and the rules of the American Arbitration Association Employment Arbitration Rules and Mediation Procedures and Due Process Protocol. Judgment upon the award will be in writing in form suitable for entry by any court having jurisdiction. The
        arbitrator will not be empowered to award damages in excess of actual damages, but will be empowered (not required) to require any Party to pay the reasonable attorneys’ fees and expenses and other arbitration costs of any other Party.   Unless the
        arbitrator awards fees and expenses of arbitration, the parties will each bear their own costs of arbitration and be jointly responsible for the costs of the arbitrator.

      

      

      
        Page 7 of 10

        
          

      

      

      

      8.          Notices. Notices under this Agreement will be in writing, and will be effective when received by confirmed electronic mail or nationally recognized courier service, to the following addresses (or
        such other addresses as specified by the parties by like notice): if to the Company, to the attention of Jeffrey Peck, or its then current CEO, at the principal office of the Company; if to Executive, to the latest home address of Executive shown
        on the records of the Company. Refusal to accept delivery will be deemed receipt.  Notice by email will be effective upon receipt if confirmed by recognized courier service.  If notice is to the Company, additional notice will be provided to:  H.
        Kenneth Merritt, Jr., Esq., Merritt & Merritt, 60 Lake Street 2nd Floor, PO Box 5839, Burlington, VT 05402, kmerritt@merritt-merritt.com.  If notice is to
        Executive, additional notice, if any, will be sent as provided on Exhibit A.

      

      

      9.          Entire Agreement. This Agreement and [NAMED – TBD]  agreements contemplated herein, as well as the Company’s Employee Handbook and other plans specifically applicable to Executive by their terms as
        then in effect, constitute the entire agreement between the parties with respect to the employment of Employee and supersede all prior or contemporaneous agreements whether written or oral.  To the extent the terms of this Agreement conflict with
        the Company’s Employee Handbook or other Company policies, this Agreement will control.

      

      

      10.          Modification and Waiver. No provision of this Agreement may be amended or modified unless such amendment or modification is agreed to in writing and signed by Executive and the Company. No waiver
        by either of the Parties of any breach by the other Party or of any provision of this Agreement will be deemed a waiver of any other breach or provision at the same or any other time.

      

      

      11.          Severability. Should any provision of this Agreement be held to be invalid or unenforceable in any respect, such invalidity or unenforceability will not affect any other provisions, and this
        Agreement will be construed as if such invalid or unenforceable provision were not contained in this Agreement provided that the purpose of this Agreement may be maintained.

      

      

      12.          Captions. The section headings of this Agreement are intended solely for convenience and no provision of this Agreement is to be construed by reference to its section heading.

      

      

      13.          Counterparts. This Agreement may be executed in multiple counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same instrument.  Each
        Party agrees that this Agreement and any other documents to be delivered in connection with this Agreement may be electronically signed and delivered, and that any electronic signatures appearing on this Agreement or such other documents are the
        same as handwritten signatures for the purposes of validity, enforceability, and admissibility.

      

      

      14.          Successors and Assigns. This Agreement is personal to Executive and will not be assigned by Executive. Any purported assignment by Executive will be null and void from the initial date of the
        purported assignment. The Company may assign this Agreement to any successor or assign (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Company. This
        Agreement will inure to the benefit of the Company and permitted successors and assigns.

      

      

      15.          Survival. Upon the expiration or other termination of this Agreement, the respective rights and obligations of the parties will survive such expiration or other termination to the extent necessary
        to carry out the intentions of the parties under this Agreement.  Executive’s obligations under the Information, Inventions, Non-Solicit and Non-Compete Agreement will survive in accordance with its terms.

      

      

      
        Page 8 of 10

        
          

      

      

      

      16.          Set-Off and Mitigation. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided under this Agreement will be subject to set-off, counterclaim, or
        recoupment of amounts owed by Executive to the Company or its parent(s) or affiliates; provided, however, that to the extent any amount so subject to set-off, counterclaim, or recoupment is payable in installments, such set-off, counterclaim, or
        recoupment will not modify the applicable payment date of any installment, and to the extent an obligation cannot be satisfied by reduction of a single installment payment, any portion not satisfied will remain an outstanding obligation of
        Executive and will be applied to the next installment only at such time the installment is otherwise payable pursuant to the specified payment schedule. Executive will not be required to mitigate the amount of any payment provided pursuant to this
        Agreement by seeking other employment or otherwise, and except as specifically provided in this Agreement under Section 4e.ii, the amount of any payment provided for pursuant to this Agreement will not be reduced by any compensation or benefit
        earned as a result of Executive’s other employment or otherwise.

      

      

      17.          Acknowledgement. EXECUTIVE ACKNOWLEDGES AND AGREES THAT THEY HAVE FULLY READ, UNDERSTOOD AND VOLUNTARILY ENTERED INTO THIS AGREEMENT, AND THAT THEY HAVE HAD AN
          OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF EXECUTIVE’S CHOICE BEFORE SIGNING THIS AGREEMENT.

      

      

      [Signature page follows]

      

      

      
        Page 9 of 10

        
          

      

      

      

      ACKNOWLEDGMENT OF ARBITRATION

      

      

      EACH OF THE UNDERSIGNED UNDERSTANDS THAT THIS AGREEMENT CONTAINS AN AGREEMENT TO ARBITRATE.  AFTER SIGNING THIS DOCUMENT, EACH PARTY UNDERSTANDS THAT IT WILL NOT BE ABLE TO BRING A LAWSUIT
        CONCERNING ANY DISPUTE THAT MAY ARISE THAT IS COVERED BY THE ARBITRATION AGREEMENT, UNLESS IT INVOLVES A QUESTION OF CONSTITUTIONAL OR CIVIL RIGHTS.  INSTEAD, EACH PARTY AGREES TO SUBMIT ANY SUCH DISPUTE TO AN IMPARTIAL ARBITRATOR.

      

      

      IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement as of the date first set forth above.

      

      

      SOLARCOMMUNITIES, INC.

      

      

      	
              By:

            	 	 
	
              Name:

            	 	 
	
              Title:

            	 	 

      

      

      EXECUTIVE:

      

      

      	 	 
	 	 	 
	
              Print Name:

            	 	 

      

      

      

      

      

      

      [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

      

      

      

    

  

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