Document:

Employment Agreement between Comverge and Robert M. Christe

 Exhibit 10.23 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”) is made and
entered into by and between COMVERGE TECHNOLOGIES, INC., a Delaware corporation (the “Company”), and ROBERT M. CHISTE (the “Executive”) as of this 1st day of September, 2001. 
 The Company desires to employ the Employee under the terms and conditions set forth in this Agreement, and the Employee desires to accept such employment
subject to the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises, terms,
covenants, agreements and conditions set forth herein and performance of each, the parties agree as follows: 
 1. Employment and
Responsibilities. 
 (a) Employment and Duties. Subject to the terms and conditions of this Agreement, the Company hereby agrees to
employ Executive as Chief Executive Officer of the Company during the Term (as defined below), and the Executive hereby accepts such employment. Executive shall perform the duties, and assume the responsibilities and obligations, consistent with his
position, as may be assigned to Executive from time to time by the Board of Directors of the Company (the “Board”). The Executive shall devote substantially all of his business time, attention and skill to the business and affairs
of the Company and its affiliates, and shall faithfully and diligently perform Executive’s responsibilities and duties hereunder. The foregoing notwithstanding, the parties recognize and agree that the Executive may engage in personal
investments and other business, industry, civic and charitable activities that do not conflict with the business affairs of the Company or interfere with the Executive’s performance of his duties and responsibilities hereunder. Executive’s
place of employment shall be at the Company’s headquarters in Florham Park, New Jersey. 
 (b) Term. The term
(“Term”) of this Agreement shall commence on the date hereof (the “Effective Date”) and shall terminate, unless otherwise terminated earlier in accordance with paragraph 7 hereof, on December 31, 2002 (the
“Initial Term”), provided that the Term of this Agreement shall be automatically extended, subject to an earlier termination as provided in paragraph 7 hereof, for successive additional one (1) year periods (the
“Additional Terms”), unless, at least 30 days prior to the end of the Initial Term or an Additional Term, the Company or Executive has notified the other in writing that the Term of this Agreement shall terminate at the end of such
Initial Term or Additional Term, as the case may be. 
 (c) Membership on the Board. During the Term of this Agreement, Executive
shall be a director of the Company and the Vice Chairman of the Board, reporting to the Chairman and subject to the terms and conditions of the Company’s by-laws. Upon the termination of this Agreement, Executive shall be deemed to have
automatically resigned as a director and the Vice Chairman of the Board without any further action by Executive. 
 2. Compensation; DSSI
Stock Options; DSSI Restricted Stock. For all services rendered by Executive to the Company, the Company shall compensate the Executive as follows: 
  

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 (a) Base salary. The base salary payable to Executive under this Agreement shall be $250,000 per
year, payable bi-weekly in arrears, commencing on the Effective Date, in accordance with the Company’s usual and customary payroll practices for executive officers. 
 (b) Additional Compensation and Other Benefits. Subject to the terms and conditions set forth in this Agreement, Executive shall be entitled to receive the following additional compensation from the Company:

 (i) In consideration of consulting services rendered to the Company by the Executive in the capacity of an independent
contractor prior to the date hereof, the Company shall pay to The Executive in a single lump sum payment of $7,500 with respect to which sum (i) the Company shall not withhold any payroll taxes and shall timely issue a Form 1099 and
(ii) the Executive shall be solely responsible for timely withholding and payment of all self-employment and income taxes required to be withheld and paid with respect to such consulting fees. Such payment shall be made on the date on which
this Agreement is executed and delivered to the Company by the Executive. 
 (ii) As consideration for entering into this
Agreement, Executive shall be entitled to receive a one time bonus of $250,000 (“Transaction Bonus”) if and upon the earlier of (A) the consummation of an initial public offering of equity securities of the Company in which the
Company receives gross proceeds of at least $10 million (the “IPO”) or (B) the occurrence of a “Change in Control” (as hereinafter defined). For purposes of this Agreement, a “Change in Control” shall
mean the consummation of any of the following transactions in which the gross proceeds paid to the Company is equal to or greater than $20 million in cash or $25 million in publicly traded securities: (1) a consolidation or merger of the
Company in which the Company is not the continuing or surviving corporation pursuant to which shares of the Company’s Common Stock would be converted in whole or part into cash, securities or other property, other than a merger of the company
in which the holders of the Company’s Common Stock immediately prior to the merger have substantially the same proportionate ownership of common stock of the surviving corporation immediately after the merger, or (2) any sale, lease,
exchange or transfer (in one transaction or a series of related transactions) of all or substantially all the assets of the Company. The Board shall have sole and absolute discretion whether or not to enter into or consummate any IPO or Change in
Control. In addition, the Executive acknowledges that he will be an “interested director” with respect to any action or decision by the Board regarding an IPO or Change In Control and, consequently, the Executive acknowledges and agrees
that he will not be entitled to vote as a director on any such IPO or Change in Control. The Transaction Bonus shall be paid to Executive within three business days after the Consummation of the IPO or Change in Control, as the case may be.

 (iii) In addition to Executive’s base salary and the Transaction Bonus, Executive shall be entitled to receive a
performance bonus not to exceed seventy-five percent (75%) of the Executive’s annual base salary (the “Performance Bonus”) for (A) the 16 month period commencing on the Effective Date and ending December 31, 2002
(which shall be pro rated to reflect such 16 month period) and (B) each full calendar year during the Term (each a “Bonus Period”). The amount of the Performance 

  

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Bonus paid to Executive for a Bonus Period shall be based on Executive’s achieving reasonable performance objectives established by the Board (in good
faith and in its sole discretion) for such Bonus Period. The Board shall establish reasonable performance objectives for the first Bonus Period within 30 days of the Effective Date, and reasonable performance objectives for each subsequent Bonus
Period by January 31 of such Bonus Period. The Performance Bonus earned by Executive (if any) shall be paid within 90 days after each Bonus Period. 
 (iv) As consideration for entering into this Agreement and, in particular, the non-competition agreement set forth herein, the Company shall grant to Executive an option to purchase 349,325 shares of the
Company’s Common Stock (the “Comverge Option”). The Comverge Option shall be in the form attached hereto as Exhibit A. 
 (v) Executive shall be entitled to participate in all of the benefit plans and programs available to employees of the Company, including health, life, and disability plans and the Company’s 401(k) Plan, as such
plans or programs may be in effect from time to time and subject to the respective waiting period specified by any such plan or program for coverage of new employees. The Company may, in its sole and absolute discretion, determine to amend, revise,
replace or terminate any such plans or programs at any time. 
 (vi) The Executive shall be entitled to receive three weeks of
vacation time annually, subject to the Company’s regular personnel policies. 
 (vii) The Company, upon presentation by
Executive of appropriate documentation, shall reimburse Executive (A) for all reasonable and necessary business expenses incurred by Executive in connection with the performance of his duties under this Agreement, subject to Company’s
written policies with respect thereto as in effect from time to time, and (B) up to $7,500 in fees and expenses incurred by the Executive in connection with legal representation in the negotiation and documentation of this Agreement and the
other agreements to be entered into by the Executive in connection with this Agreement, upon presentation to the Company by the Executive of a reasonably itemized invoice from his attorneys. 
 (viii) It is contemplated that Executive will continue to maintain his residence in Texas until the consummation of the IPO and that
Executive will maintain an apartment in the Florham Park vicinity. For a period of up to 12 months from the Effective Date (the “Reimbursement Period”), the Company shall pay to Executive a monthly sum of $2,500, which shall
be applied by Executive for the lease and maintenance of an automobile and the rental of an apartment in proximity to the Company’s Florham Park, New Jersey office. In addition to this monthly stipend, the Company shall reimburse Executive up
to $1000 per month for the purchase by Executive or his wife of airline tickets for travel between Texas and New Jersey/New York City. Executive agrees that he shall be responsible for any costs and expenses in excess of this stipend. The
reimbursement of airline ticket expenses shall be subject to the requirements of Section 2(b)(vii) above. If the IPO has not been consummated by the end of the Reimbursement 

  

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Period, then the payments and reimbursements under the provisions of this paragraph 2(b)(viii) shall continue until the earlier of six months or the
consummation of the IPO. 
 (ix) After the consummation of the IPO, the Company shall pay or reimburse Executive up to an
aggregate of $50,000 of out-of-pocket relocation expenses (including, but not limited to, closing costs and broker commissions on Executive’s old residence that was sold and on the Executive’s new residence purchased, moving costs and
travel expenses from the Executive’s place of residence to his new place of residence) incurred or paid by Executive in connection with the relocation of Executive and his spouse to any place within 50 miles of Florham Park, New Jersey.

 (x) The Company shall pay the cost up to $500 per year for an annual physical examination to be conducted by a doctor of
medicine or clinic of the Executive’s choosing, anywhere in the United States of America. 
 (xi) The Company shall pay
the cost for the preparation of the Executive’s personal federal and state tax returns prepared by the Company’s tax preparation firm, Anchin Block & Anchin LLP. 
 (c) DSSI Stock Options and DSSI Restricted Stock. Simultaneous with the parties’ execution of this Agreement, the Company shall cause its
parent company, Data Systems & Software Inc. (“DSSI”), to execute and deliver to Executive (i) au employee stock option issued under the DSSI 1994 Stock Incentive Plan (the “DSSI Stock Option”)
exercisable for the purchase of 75,000 shares of common stock of DSSI (“DSSI Stock”) at an exercise price $5.95 per share (which was the closing price of the DSSI Stock on July 31, 2001); and (ii) a restricted stock
purchase agreement pursuant to which Executive shall be entitled to purchase 50,000 shares of DSSI Stock at a purchase price per share of $5.95 per share (which was the closing price of the DSSI Stock on July 31, 2001) (the “DSSI
Restricted Stock Purchase Agreement”). The DSSI Stock Option shall be in the form attached hereto as Exhibit B and shall be subject to the terms and conditions of the DSSI 1994 Incentive Stock Plan, and the DSSI Restricted Stock
Purchase Agreement shall be in the form attached hereto as Exhibit C. 
 (d) Retirement Payments. On January 1, 2003, if
this Agreement and the Executive’s employment hereunder have not been terminated, the Executive shall be eligible to receive retirement payments (the “Retirement Payments”) upon certain terminations of this Agreement and the
Executive’s employment hereunder occurring on or after the Executive’s 60th birthday (the
“Eligibility Date”). On and after the Eligibility Date, if this Agreement and the Executive’s employment hereunder are terminated pursuant to paragraphs 7(a)(i), 7(a)(ii)(C) or 7(a)(iv) (the “Employment Termination
Date”), the Company shall pay the Retirement Payments to the Executive during each 12 month period after the Employment Termination Date until the 7th anniversary thereof. The Retirement Payments shall be in the following amounts: (A) for each 12 month period after the Employment Termination Date and ending on the 4th anniversary thereof, 50%
of the Executive’s base salary in effect immediately prior to the Employment Termination Date (the “Base Rate”); and (B) for each 12 month period after the 4th anniversary of the Employment Termination Data and ending on
the 7th anniversary thereof, 25% of the Base Rate. All such Retirement Payments shall be paid to the Executive in appropriate installments in accordance with the Company’s usual and customary payroll practices for 

  

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executive officers. The provisions of this paragraph 2(d) shall survive the termination of this Agreement pursuant to paragraphs 7(a)(i), 7(a)(ii)(C) or
7(a)(iv) hereof. 
 3. Noncompetition Agreement. In consideration of the compensation paid or payable to Executive by the Company
pursuant to this Agreement (including, but not limited to, Paragraph 2(b)(iv) hereof), Executive hereby agrees as follows: 
 (a) During the
Term of this Agreement and for a period of two (2) years immediately following the termination of this Agreement, Executive shall not, directly or indirectly, for himself or on behalf of, or in conjunction with any other person, persons,
company, partnership, limited liability company, corporation or other business entity or venture of whatever nature: (i) call upon any customer of the Company, past or present, including but limited to, any customers obtained for the Company by
Executive, for the purpose of (A) soliciting or selling any products or services in competition with any products or services offered by the Company or (B) persuading, inducing or soliciting any such customer to discontinue conducting
business with the Company or purchasing any of its products or services; (ii) call upon any employee or consultant of the Company for the purpose or with the intent of persuading or enticing any such employee or consultant away from or out of
the employ of the Company; or (iii) establish, enter into, be employed by or for, advise, consult with or become an owner in or a part of, any company, partnership, limited liability company, corporation or other business entity or venture of
whatever nature or in any way engage for himself or for others, in any business that sells products or services that compete with or are similar to the products or services offered by the Company. 
 (b) The existence of any claim or cause of action of Executive against the Company, whether predicated on this Agreement or otherwise, shall not preclude
the Company’s enforcement of these covenants. 
 (c) Executive acknowledges and agrees that the covenants set forth in this
paragraph 3 are necessary and reasonable to protect the Company and the conduct of its business and are a fair and reasonable restraint on Executive in light of the activities and business of the Company on the date of execution of this
Agreement and the future plans of the Company; and that such covenants also be construed and enforced in light of the activities and business of the Company (including business activities in the planning stage) on the date of termination of
Executive’s employment with the Company. 
 (d) The provisions of this paragraph 3 shall survive any of this Agreement and are subject
to paragraph 8 of this Agreement. 
 4. Return of Company Property. All products, records, designs, patents, trademarks, copyrights,
plans, manuals, memoranda, lists and other documents or other property of the Company or any of its affiliates in the possession or control of Executive and all records compiled by the Executive which pertain to the business of the Company or its
affiliates, shall be and remain the property of the Company and shall be subject at all times to its discretion and control. Likewise, all correspondence with customers or affiliates of the Company, all reports, records charts, and advertising
materials and any data pertaining to the Company, its affiliates or the business of the Company or its affiliates by Executive, shall be delivered promptly to the 

  

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Company without request on the date Executive’s employment with the Company terminates or at any other time promptly upon request by the Company.

 5. Intentions. Executive shall disclose promptly to the Company any and all conceptions and ideas for inventions, improvements and
valuable discoveries, whether patentable or not, which are conceived or made by Executive solely or jointly with another during the period of employment and which are related to the business or activities of the Company or its affiliates or which
Executive conceives as a result of this employment by the Company, and Executive hereby assigns and agrees to assign all his interests therein to the Company or its nominee. Whenever requested to do so by the Company, Executive shall execute any and
all applications, assignments or other instruments which the Company shall deem necessary to apply for and obtain Letters Patent of the United States or any foreign country or any copyright or trademark registration or to otherwise protect the
Company’s interest therein. The provisions of this paragraph 5 shall survive any termination or expiration of this Agreement. The obligations of Executive under this paragraph 5 shall continue beyond the termination of the Executive’s
employment with the company with respect to inventions, improvements and valuable discoveries, whether patentable or not, conceived, made or acquired by Executive during the period of employment and shall be binding upon Executive’s assigns,
executors, administrator and other legal representatives. 
 6. Confidentiality. 
 (a) Executive acknowledges that the success of the Company is dependent upon its relationship with its employees and consultants as well as its business,
operational and marketing plans, financial information, ideas, concepts, processes, business methods, procedures, operations, computer software, source codes, object codes, user interfaces, specifications, documentation, trade secrets, technology,
cost, pricing, and sales information, lists and files of the Company and its affiliates regarding employees, consultants, customers, suppliers, vendors and contractors and their requirements, and any and all other confidential, proprietary, secret
or non-public information of the Company and its affiliates (including, without limitation, Data Systems & Software Inc.) (collectively, the “Confidential Information”), and that it is imperative that the Confidential
Information be maintained in strict confidence. 
 (b) Executive shall keep and maintain all Confidential Information in strict confidence,
not utilize or copy Confidential Information for any purpose other than in furtherance of the Company’s business, and not transfer, divulge or disclose Confidential Information to any third party other than in furtherance of the Company’s
business. All of the Confidential Information shall be subject to the restrictions of this Agreement, whether or not otherwise protectable by patent, copyright or trademarks. In the event that an order or a subpoena issued by a court of competent
jurisdiction requires Executive to disclose any Confidential Information, Executive shall be permitted to comply with such order, but shall consult with the Company in advance so as to enable the Company to attempt to narrow the scope of such
disclosure and/or to challenge the order of disclosure. 
 (c) Upon request of the Company or upon any termination or expiration of this
Agreement, all copies of Confidential Information, whether in writing, digital, electronic, 

  

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magnetic or in any other format, which is in the possession or control of Executive shall be promptly returned to the Company and Executive shall not retain
any copies thereof. 
 (d) The provisions of this paragraph 6 shall survive any termination of this Agreement and are subject to the
provisions of paragraph 8 of this Agreement. 
 7. Termination. 
 (a) Termination. This Agreement and Executive’s employment by the Company may be terminated in any one of the following ways: 
 (i) This Agreement and Executive’s Employment shall terminate immediately upon the date of Executive’s death. 
 (ii) Following an affirmative vote of two-thirds of the members of the Board, the Company may terminate this Agreement and
Executive’s employment for “Cause” at any time during the Term effective upon the Company’s delivery of written notice thereof to Executive which notice shall specify the nature of the conduct constituting such “Cause”
(“Company Notice”). If the requisite affirmative vote of not less than two-thirds (2/3) of the Board is not obtained, any termination of the Executive’s employment by the Company under this paragraph 7(a)(ii) shall be
deemed a termination without Cause. For purposes of this subparagraph 7(a)(ii), the term “Cause” shall include (without limitation): (A) Executive’s breach of any material provision of this Agreement; (B) Executive’s
material breach of any written Company policy contained in the Company’s manual of policies and procedures; (C) Executive’s inability to perform his duties under this Agreement because of illness, physical or mental disability, or
other incapacity which continues for an uninterrupted period in excess of sixty (60) consecutive days or a cumulative period of one hundred twenty (120) days in any twelve (12) month period; (D) Executive’s fraud with
respect to the business or affairs of the Company; (E) the conviction of Executive of a felony crime; or (F) alcohol abuse or illegal drug use by Executive; provided, however, that in the event of Executive’s breach of
any material provision this Agreement or material breach of any of written Company policy or alcohol or illegal drug use as provided in subparagraphs 7(a)(ii)(A), (B) or (E) hereof, no Cause for termination shall be deemed to exist for any
such breach which is curable and which is cured by Executive within ten (10) business days after the Company Notice has been delivered to Executive. 
 (iii) The Company may terminate this Agreement and Executive’s employment without Cause at any time during the Initial Term effective 30 days after written notice thereof is delivered to Executive. 
 (iv) The Company or Executive may terminate this Agreement and Executive’s employment without Cause upon delivery of written notice
to other party at least 30 days prior to the end of the Initial Term or any Additional Term, and such termination shall be effective at the end of such Initial Term or Additional Terms, as the case may be. 
  

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 (b) Rights Upon Termination. 
 (i) If this Agreement is terminated by the Company without Cause during the Initial Terms pursuant to paragraph 7(a)(iii) hereof,
Executive shall be entitled to receive (A) any earned but unpaid annual base salary through the effective date of such termination, (B) the balance of his annual base salary for the Initial Term, (C) one year of annual base salary
(payable in a lump sum or in installments, as determined by the Company in its sole discretion), (D) reimbursement for expenses incurred in accordance with paragraph 2(b)(vii) of this Agreement, (E) any benefits available to Executive
under the terms of the benefit plans and programs in which Executive is a participant on the effective date of such termination and (F) the Company shall pay the full cost of COBRA coverage under the Company’s group health plan for the
Executive and his family members who are entitled to such COBRA coverage until the Executive and such family members are covered under another health plan; provided, however, if, such termination occurs after an IPO, then the Executive
shall be entitled to the items in paragraph 7(b)(i)(A), (B), (D), (E) and (F), plus 3 years of the Executive’s base annual salary (payable in a lump sum), the, reimbursement for any payment by the Executive of any excise tax under
Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), on the payments and benefits under this paragraph 7(b)(i) received or to be received by the Executive which are deemed the “parachute
payment” (as such term is defined in Section 280G(2) of the Code) provided, however, such reimbursement shall not exceed 15% of the “parachute payment”, and full (100%) vesting in any non-vested portion any
options with the Company and the DSSI Stock Option and full vesting and complete waiver of restrictions on any other equity or phantom equity incentives held by the Executive under any plan or contractual arrangement with the Company. 
 (ii) If this Agreement is terminated by the Company without Cause at the end of the Initial Term or any additional Term pursuant to
paragraph 7(a)(iv) hereof, Executive shall be entitled to receive (A) any earned but unpaid annual base salary through the effective date of such termination, (B) one year of annual base salary (payable in a lump sum or in installments as
determined by the Company, in its sole discretion), (C) reimbursement for expenses incurred in accordance with paragraph 2(b)(vii) of this Agreement, (D) any benefits available to Executive under the terms of the benefit plans and programs
in which Executive is a participant on the effective date of such termination, and (E) the Company shall pay the full cost of COBRA coverage under the Company’s group health plan for the Executive and his family members who are entitled to
such COBRA coverage until the Executive and such family members are covered under another health plan; provided, however; if such termination occurs after an IPO, then the Executive shall be entitled to the items in paragraph
7(b)(ii)(A), (C), (D), and (E), plus 3 years of the Executive’s base annual salary (payable in a lump sum), on the payments and benefits under this paragraph 7(b)(ii) received or to be received by the Executive which are deemed the
“parachute payment” (as such term is defined in Section 280G(2) of the Code) provided, however, such reimbursement shall not exceed 15% of the “parachute payment”, and full (100%) vesting of any non-vested portion of
any options with the Company and the DSSI Stock Option and full vesting and complete waiver of restrictions on any other equity or phantom equity incentives held by the Executive under any plan or contractual arrangement with the Company.

  

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 (iii) If this Agreement is terminated by the Company with Cause, by the Executive
pursuant to paragraph 7(a)(iv) hereof or otherwise, or upon the death of Executive, Executive (or his estate or personal representative as the case may be) shall be entitled to receive (A) any earned but unpaid annual base salary through the
effective date of such termination, (B) reimbursement for expenses incurred in accordance with paragraph 2(b)(vii) of this Agreement, and (C) any benefits available to Executive (or immediate family of a deceased employee as the case may
be) under the terms of the benefit plans and programs in which Executive is a participant on the effective date of such termination. 
 8.
Specific Performance; Injunctive Relief, Reformation of Restrictions. 
 (a) The parties recognize, acknowledge and agree that, if
Executive commits a breach or the Company has reasonable evidence that Executive is about to commit a breach, of any of the provisions of paragraphs 3 or 6 hereof, the Company will suffer irreparable harm and injury, and money damages will not
provide an adequate remedy to the Company. Accordingly, Executive agrees that, in any such event, the Company shall be entitled to have the provisions of this Agreement specifically enforced by any court having jurisdiction, without being required
to post a bond or other security and without having to prove the inadequacy of the available remedies at law. In addition, the Company shall be entitled to avail itself of all such other actions and remedies available to it under law or in equity
and shall be entitled to such damages as it sustains by reason of such breach. The Company agrees to notify Executive within seven (7) days after the discovery of any breach or anticipated breach of any of the provisions of paragraphs 3 or 6
hereof. 
 (b) The parties acknowledge that the type and periods of restriction imposed on Executive pursuant to the provisions of paragraphs
3 and 6 hereof are fair and reasonable, and are reasonably required for the protection of the Company and its affiliates and the goodwill associated with the business of the Company and its affiliates. It is the express desire and intent of the
parties that the provisions of paragraphs 3 and 6 be enforced to the fullest extent permissible. If any of the covenants in paragraphs 3 and 6, or any part of such paragraphs, is hereafter construed to be invalid or unenforceable, the same shall not
affect the remainder of the covenant or covenants, which shall be given full effect, without regard to the invalid portions. If any of the covenants contained in paragraphs 3 or 6, or any part of such paragraphs, is held to be unenforceable because
of the duration of such provision or the area covered thereby, the parties hereby expressly agree that the court making such determination shall have the power to reduce the duration of such provision and/or areas to which any such provision shall
apply, and, in its reduced or limited form, said provision shall then be enforceable. 
 9. Representations of Executive. Executive
has represented and hereby represents and warrants to the Company that the execution of this agreement by Executive and his employment by the Company and performance of his duties hereunder will not violate or be a breach of any agreement with a
former employer or any other person or entity. Further, Executive agrees to indemnify the Company for any claim, including, but not limited to, attorney fees and expenses of investigation, by any such third party which such third party may now have
or may hereafter come to have against the Company based upon or arising out of any 
  

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noncompetition agreement or invention and secrecy agreement between Executive and such third party. 
 10. Complete Agreement. This Agreement supersedes any and all other agreements, either oral or in writing, between Company and Executive with
respect to the subject matter of this Agreement. This Agreement may not be modified except in writing signed by the Company; and Executive and no term of this Agreement may be waived except in writing signed by the party waiving such term.

 11. No Waiver. No waiver by the parties hereto of any default or breach of any terms, condition or covenant of this Agreement shall
be deemed to be a waiver of any subsequent default or breach of the same or any other term, condition or covenant contained herein. 
 12.
Assignment; Binding Effect. Executive understands that he has been selected for employment by the Company on the basis of his personal qualifications, experience and skills. Executive, therefore, agrees that he cannot assign all or any
portion of this Agreement. Subject to the preceding two sentences, this Agreement shall be binding upon and inure to the benefit of the parties thereto, and their respective heirs, successors and assigns. 
 13. Severability. Except as provided paragraph 8 hereof, the provisions of this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity and enforceability of the other provisions hereof. If any provision of this Agreement is unenforceable for any reason whosoever, such provision shall be appropriately limited and given
effect to the extent that it may be enforceable. 
 14. Notice. Whenever any notice is required hereunder, it shall be given in
writing addressed as follows: 
  

			
	 To the Company
	 	 Comverge Technologies, Inc.

		 	 23 Vreeland Road

		 	 Florham Park, New Jersey 07932

		 	 Attn: Chairman of the Board

		
		 	 With a copy to

		
		 	 Sheldon Krause, Esq.

		 	 Ehrenreich, Eilenberg & Krause LLP

		 	 11 East 44th Street, 17th Floor

		 	 New York, New York 10017

		
	 To Executive
	 	 Robert M. Chiste

		 	 15834 Hidden Cove

		 	 Houston, Texas 77079

  

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		 	 With a copy to

		
		 	 Sherwood O. Jones, Esq.

		 	 Andrews Kurth LLP

		 	 600 Travis, Suite 4200

		 	 Houston, Texas 77002

 Notice shall be deemed delivered (i) three (3) days after the deposit in the U.S. mail of a writing
addressed as above and sent first class mail, certified, return receipt requested, (ii) upon hand delivery, (iii) one business day after deposit with Federal Express or other recognized over-night courier service, or (iv) when
actually received. Either party may change the address for notice by notifying the other party of such change in accordance with this paragraph 14. 
 15. Headings. The paragraph headings herein are for reference purposes only and are not intended in any way to describe, interpret, define or limit the extent or intent of this Agreement or of any part hereof. 
 16. Governing Law; Jurisdiction. 
 (a) This Agreement shall in all respects be governed, enforced and construed according to the internal laws of the State of New Jersey without regard to the principles of the conflict of laws thereof. 
 (b) All disputes or claims by the Executive in regard to this Agreement shall be directed to and determined by the Board and shall be in writing. Any
decision by the Board on a claim or dispute by the Executive shall be delivered to the Executive in writing and shall set forth the specific reasons for the decision and the specific provisions of this Agreement relied upon. The Board shall afford a
reasonable opportunity to the Executive for a review of the decision and shall further allow the Executive to appeal to the Board a decision of the Board within 20 days after notification by the Board of its decision regarding the Executive’s
claim or dispute. Upon receipt of such a request, the Board shall reconsider its decision and notify the Executive of the Board’s decision on reconsideration within 30 days after receipt of the request for reconsideration. 
 (c) Except for equitable relief as specified in paragraphs 8 and 16(g) hereof and except for the Executive’s claim under any Company benefit or
compensation plans, programs, arrangements or awards (whether heretofore or hereafter established) which have a claim or dispute resolution procedure specifically applicable thereto, any dispute or controversy which is not resolved by agreement
pursuant to paragraph 16(b) hereof, including all claims, demands, causes of action, disputes, controversies, and other matters in question arising out of or relating to this Agreement, whether such claims sound in contract, tort, or otherwise, at
law or in equity, under state or federal law, whether provided by statute or the common law, for damages or any other relief, shall be resolved by binding arbitration pursuant to the Federal Arbitration Act in accordance with the Employment Dispute
Resolution Rules then in effect with the American Arbitration Association. The arbitration proceeding shall be conducted in Florham Park, New Jersey. This agreement to arbitrate shall be enforceable in either federal or state court. 
  

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 (d) The enforcement of the parties agreement to arbitrate and all procedural aspects of the provisions
regarding such arbitration, including but not limited to, the construction and interpretation thereof, the issues subject to arbitration (i.e., arbitrability), the scope of the arbitrable issues, allegations of waiver, delay or defenses to
arbitrability, and the rules governing the conduct of the arbitration, shall be governed by and construed pursuant to the Federal Arbitration Act and shall be decided by the arbitrators. In deciding the substance of any such claims, the arbitrators
shall apply the substantive laws of the State of New Jersey (excluding New Jersey choice-of-law principles that might call for the application of some other state’s law). 
 (e) The arbitration may be initiated by any party by providing to the other parties a written notice of arbitration specifying the claims. Within 30 days
of the notice of initiation of the arbitration procedure, (1) the Executive shall nominate one arbitrator and (2) the Company shall nominate one arbitrator. The two arbitrators shall select a third arbitrator within 60 days of the original
notice to arbitrate. If the two arbitrators fail to select a third arbitrator within such 60-day period, then either the Executive or the Company shall apply to the Senior Active United States District Judge for the State of New Jersey, who shall
appoint a third arbitrator. While the third arbitrator, shall be neutral, the two party-appointed arbitrators are not required to be neutral and it shall not be grounds for removal of either of the two party-appointed arbitrators or for vacating the
arbitrators’ award that either of such arbitrators has past or present minimal relationships with the party that appointed such arbitrator. Evident partiality on the part of an arbitrator exists only where the circumstances are such that a
reasonable person would have to conclude there in fact existed actual bias and a mere appearance or impression of bias will not constitute evident partiality or otherwise disqualify an arbitrator. 
 (f) The three arbitrators shall by majority vote resolve all disputes between the parties. If the parties agree in writing, there shall be no transcript
of the hearing before the arbitrators. The arbitrators’ decision shall be in writing. The arbitrators shall assign the reasons for their decision. The arbitrators shall certify in their award that they have faithfully applied the terms and
conditions of this paragraph 16. All proceedings conducted hereunder and the decision of the arbitrators shall be kept confidential by the parties, e.g., the arbitrators’ award shall not be released to the press or published in any of the
various arbitration reporters. Judgment upon any award rendered in any such arbitration proceeding may be entered by any federal or state court having jurisdiction. 
 (g) Notwithstanding any provision of this Agreement to the contrary, (i) the provisions of paragraph 8 shall govern any breach or threatened breach of any provision of paragraphs 3 or 6, and (ii) in the
event of a breach or threatened breach by the Executive of any of the covenants set forth in paragraphs 4 or 5 hereof, the Company shall be entitled to seek equitable relief, including an injunction, in any court of proper jurisdiction to maintain
the status quo pending the resolution of the dispute by binding arbitration as provided above. With respect to any such action, the Executive and the Company hereby irrevocably submit to the exclusive jurisdiction of any Federal or State court
sitting in the State of New Jersey, and agree that process in any such action shall be valid and effective for all purposes if served upon the respective party in accordance with the notice provisions of paragraph 14 hereof. 
  

 A-12 

 (h) In any arbitration or equitable proceeding under this Agreement (including, without limitation,
paragraphs 8 and 16 hereof), the losing party shall pay all legal fees, arbitration fees and expenses incurred by the prevailing party in such dispute. Such payments shall be made within five (5) business days after delivery of the prevailing
party’s written request for payment accompanied with reasonably detailed evidence of fees and expenses incurred by the prevailing party. 
 17. No Mitigation Limited Offset. The Company agrees that, if the Executive’s employment with the Company is terminated hereunder, the Executive is not required to seek other employment or to attempt in any way to reduce any
amounts payable to the Executive by the Company pursuant to Section 7 hereof. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of
employment by another employer, by retirement benefits, or by offset against any amount claimed to be owed by the Executive to the Company (unless such amount, is evidenced by a promissory note signed by the Executive), or otherwise. 
 18. Counterparts. This Agreement may be executed in any number of counterparts and any party hereto may execute any such counterpart, each of
which when executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument. 
 [Signatures appear on next page] 
  

 A-13 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first written
above. 
  

									
	The Company:	 		 	COMVERGE TECHNOLOGIES, INC.
				
		 		 	By:	 	/s/ Illegible
		 		 		 	Name:	 	  
		 		 		 	Title:	 	  
			
	Executive:	 		 	
			
		 		 	/s/ Robert M. Chiste
		 		 		 	Robert M. Chiste

  

 A-14 

 Amended 2007 Compensation for Chief Executive Officer and President 
 Effective January 1, 2007 
  

			
	 Annual Salary
	  	Executive shall be paid at the rate of $350,000.00 per annum.
		
	 Annual Cash Incentive
	  	Executive will have the opportunity to earn an annual bonus equal to 37.5% (threshold), 75% (target) or 150% (maximum) of his annual salary based on the achievement of performance criteria
established by the Compensation Committee.
		
	 Annual Equity Incentive
	  	Executive will have the opportunity to earn an annual equity award comprised of a combination of restricted stock and options valued at 2.25 times salary (threshold), 3 times salary
(target) or 3.75 times salary (maximum) based on the achievement of performance criteria established by the Compensation Committee.Executive Employment Agreement between Comverge and Frank A. Magnotti

 Exhibit 10.24 
 COMVERGE, INC. 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of this 31st day of December, 2006, by and between Frank A. Magnotti,
an individual (“Executive”), and Comverge, Inc., a Delaware corporation (the “Company”). 
 WHEREAS, the Company desires
to employ Executive to provide personal services to the Company and wishes to provide Executive with certain compensation and benefits in return for such services; and 
 WHEREAS, Executive wishes to be employed by the Company, and to provide personal services to the Company in return for certain compensation and benefits. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Executive and the Company hereby agree as follows:

 SECTION 1. EMPLOYMENT BY THE COMPANY. 
 1.1 Position and Duties. Effective as of December 31, 2006 (the “Employment Date”), Executive shall serve in the position of Alternative Energy Resources Group President and Chief Operating Officer with such
powers, duties, and responsibilities as are assigned to Executive by the Company’s Chief Executive Officer. Executive will devote his best efforts, time, and attention exclusively (except for vacation periods and reasonable periods of illness
or other incapacities permitted by the Company’s general employment policies) to the business of the Company, and shall faithfully and efficiently discharge all duties and responsibilities assigned to him hereunder. 
 1.2 Location. Executive’s primary office location shall be in East Hanover, New Jersey. From time to time, however, Executive’s
duties may require him to travel and to work at other locations. 
 1.3 Term. The term of Executive’s employment hereunder
shall commence as of the Employment Date and shall continue through December 31, 2008, unless earlier terminated pursuant to the provisions of this Agreement. Unless, within ninety (90) days prior to any then-scheduled expiration of the
Term, either party notifies the other in writing of its desire not to renew this Agreement, the Term shall automatically be extended for an additional period of one (1) year from the applicable succeeding anniversary of the Employment Date.

 SECTION 2. COMPENSATION, BENEFITS AND OWNERSHIP. 
 2.1 Compensation. Executive shall be paid a salary, and shall be eligible to receive incentive compensation, as described in Exhibit A attached hereto. All compensation payable pursuant to any
plan or program described in Exhibit A shall be governed by and subject to the applicable plan or program documents, which may from time to time be amended, modified or terminated on such terms and in such manner as is permitted in respect of
the applicable plan or program. 

 2.2 Company Benefits. Executive will be eligible to participate in the Company’s
standard employee benefit plans and practices which may be in effect from time to time, and are provided by the Company to its employees generally. Such participation shall be governed by the applicable plan documents, and the Company reserves the
right, in its discretion, to amend, modify, or discontinue any benefit plan or practice. 
 2.3 Section 280G Limitation.
In the event that any payments to which Executive becomes entitled in accordance with the provisions hereof, or in connection with any plans or programs referred to in Exhibit A or Section 2.2 hereof, would otherwise be deemed to
constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (a “Parachute Payment”), then such payments will be subject to reduction to the extent necessary to assure
that Executive receives only the greater benefit of receiving (a) the amount of those payments which would constitute such a Parachute Payment or (b) the amount which yields Executive the greatest after-tax amount of benefits after taking
into account any excise tax imposed on the payments provided to Executive pursuant to this Agreement (or on any other benefits to which Executive may be entitled in connection with the Change of Control or the subsequent termination of service)
under Section 4999 of the Internal Revenue Code. 
 SECTION 3. ASSIGNMENT OF INTELLECTUAL PROPERTY. 
 3.1 Assignment of Intellectual Property. All processes, products, methods, improvements, discoveries, inventions, ideas, creations, trade
secrets, know-how, machines, programs, designs, routines, subroutines, techniques, ideas for formulae, writings, books and other works of authorship, business concepts, plans, projections and other similar items, as well as all business
opportunities, discovered, conceived, designed, devised, developed, perfected or made by Executive, whether alone or in conjunction with others, and related in any manner to the actual or anticipated business of the Company or to actual or
anticipated areas of research and development of the Company (all of the foregoing collectively, the “Intellectual Property”), shall be promptly disclosed to and are the property of the Company, and Executive hereby assigns, transfers and
conveys all of the Intellectual Property and all of Executive’s rights therein to the Company. The term “Intellectual Property” shall be given the broadest interpretation possible and shall include any Intellectual Property conceived,
designed, devised, developed, perfected or made by Executive during off-duty hours and away from the Company’s premises, as well as those conceived, designed, devised, developed, perfected or made in the regular course of Executive’s
performance under this Agreement. 
 3.2 Post-Employment Scope. All Intellectual Property discovered, conceived, designed,
devised, developed, perfected or made by Executive following the termination of this Agreement shall be Intellectual Property covered by the scope of Section 3.1 if it was conceived, in whole or in part, while this Agreement remains in effect.
All Intellectual Property conceived, designed, devised, developed, perfected or made by Executive within twelve (12) months after termination of this Agreement shall be disclosed to the Company, and shall be presumed to have been conceived,
designed, devised, developed, perfected or made by Executive during the Term, and Executive shall have the burden of proving otherwise by clear and convincing evidence in order to successfully rebut such presumption. 
  

 2 

 3.3 Written Assignments. Executive shall execute and deliver, both during the Term and
thereafter, to and in favor of the Company such assignments (including patent and copyright assignments), documents, instruments and applications (including patent or copyright applications) as the Company may deem appropriate or necessary to claim,
secure, acquire, perfect, defend, enforce and/or assign any and all rights and privileges in and to or arising from the Intellectual Property. Executive shall also, both during the Term and thereafter, cooperate with the Company, and to render such
assistance as the Company may reasonably require, in connection with any process (whether administrative, judicial or otherwise) associated with the Company’s efforts to claim, secure, protect, perfect, defend, assign and/or enforce such rights
and privileges in favor of the Company and its successors, licensees and assigns. Executive shall also, both during the Term and thereafter, promptly disclose to the Company fully and in writing any Intellectual Property that Executive may conceive,
make, or develop, in whole or in part, by himself or jointly with others, (a) whether or not it is conceived, made, developed or worked on by Executive during his Term with the Company; (b) whether or not the Intellectual Property was
created at the suggestion of the Company; (c) whether or not the Intellectual Property was reduced to drawings, written description, documentation, models or other tangible form; and (d) whether or not the Intellectual Property is related
to the business of the Company. 
 3.4 Work Made for Hire. Executive acknowledges and agrees that any work of authorship
comprising Intellectual Property shall be deemed to be a “Work Made for Hire,” to the extent permitted by the United States Copyright Act (17 U.S.C. § 101 (2000)). To the extent that any such work of authorship may not be deemed to be
a Work Made for Hire, Executive hereby irrevocably assigns all ownership rights in and to such work to the Company. If any such work of authorship cannot be assigned, Executive hereby grants to the Company an exclusive, assignable, irrevocable,
perpetual, worldwide, sub-licensable (through one or multiple tiers), royalty-free, unlimited license to use, copy, reproduce, distribute, modify, adapt, alter, translate, improve, create derivative works of, practice, publicly perform, publicly
display and digitally perform and display such work in any media now known or hereafter known. Outside the scope of his employment, Executive agrees not to (a) practice, display, copy, reproduce, distribute, transfer, modify, adapt, alter,
translate, improve, or create derivative works from, or otherwise use, any such work of authorship or (b) incorporate any such work of authorship into any product or invention unrelated to the Company’s business. To the extent moral rights
may not be assignable under applicable law and to the extent the following is allowed by the laws in the various countries where Moral Rights exist, Executive hereby irrevocably waives such moral rights and consents to any action of the Company that
would violate such moral rights in the absence of such consent. 
 3.5 No License Granted. Executive acknowledges and agrees
that nothing in this Agreement shall be deemed to grant, by implication, estoppel, certain rules of construction, or otherwise, (a) a license from the Company to Executive to make, develop, use, license, disclose, or transfer in any way a
Intellectual Property or (b) a license from the Company to Executive regarding any of the Company’s existing or future ownership rights. 
 SECTION 4. CONFIDENTIALITY. 
 4.1 Confidentiality Obligation. Executive acknowledges and agrees that he will
have access to Confidential Information (as defined below) as a result of his employment with the 

  

 3 

 
Company, and that such information constitutes valuable, special and unique property of the Company. Without limiting the generality of the foregoing,
Executive expressly confirms that, in the course of performing his services pursuant to this Agreement, he will obtain confidential and proprietary information regarding the Company including, without limitation information regarding the
Company’s operations, customers, suppliers and other matters. Accordingly, at all times while employed by the Company, and continuing in perpetuity following the termination of his employment with the Company for whatever reason, Executive
shall neither use nor disclose, nor permit any person or entity within his reasonable control to use or disclose, any Confidential Information, and shall maintain and protect the secrecy of the Confidential Information, except to the extent required
in the ordinary course of Executive’s employment with the Company, and then only subject to the direction and control of the Company. Additionally, Executive shall cause all persons and entities within his reasonable control to use their
respective best efforts, to maintain and protect the secrecy of the Confidential Information. 
 4.2 Definition of Confidential
Information. As used in this Agreement the term “Confidential Information” means any knowledge, information or property relating to, or used or possessed by, the Company, and includes, without limitation, the following: trade
secrets, patents, copyrights, software (including, without limitation, all programs, specifications, applications, routines, subroutines, techniques, code and ideas for formulae); ideas, information, concepts, data, drawings, designs and documents;
names of clients, customers, employees, agents, contractors and suppliers; business plans, marketing plans and marketing information; financial information and other business records; and all copies of any of the foregoing. Executive agrees that all
such information possessed by him, or disclosed to him, or to which he obtains access during his employment with the Company is Confidential Information under the terms of this Agreement, and Executive shall have the burden of proving otherwise by
clear and convincing evidence. 
 4.3 Return of Confidential Information. Executive agrees that he shall immediately, upon the
request of the Company, return to the Company all Confidential Information and any other tangible material containing, prepared on the basis of, or reflecting any Confidential Information (whether prepared by the Company, Executive or otherwise) and
shall not retain any copies, extracts or other reproductions, in whole or in part, of such Confidential Information. 
 4.4 Return of
Company Property. All products, records, designs, patents, trademarks, copyrights, plans, manuals, memoranda, lists and other documents or other property of the Company or any of its affiliates in the possession or control of Executive and
all records compiled by the Executive which pertain to the business of the Company or its affiliates, shall be and remain the property of the Company and shall be subject at all times to its discretion and control. Likewise, all correspondence with
customers or affiliates of the Company, all reports, records, charts, and advertising materials and any data pertaining to the Company, its affiliates or the business of the Company or its affiliates that are held by or on behalf of Executive shall
be delivered promptly to the Company without request on the date Executive’s employment with the Company terminates or at any other time promptly upon request by the Company. 
 4.5 Nature of Obligation. The obligations of Executive set forth in this Section 4 are in addition to, and not in lieu of, any of
Executive’s duties or the Company’s rights and remedies, at law or in equity, with respect to the Company’s proprietary information and 

  

 4 

 
property. The Company may pursue all such rights and remedies, as well as remedies for the breach of the provisions set forth herein. Also, the Confidential
Information and other property referenced in this Section 4 constitute valuable property of the Company, the ownership of which is not dependent upon the performance by the Company of any of its obligations under this Agreement or the
performance of any legal, statutory or other duty, if any, to Executive. Accordingly, Executive shall perform its obligations under this Section 4 regardless of any alleged or actual breach or failure to perform by the Company. 
 SECTION 5. NONCOMPETITION AGREEMENT. 
 In
consideration of the compensation paid or payable to Executive by the Company pursuant to this Agreement (including, but not limited to, Section 2 hereof), Executive hereby agrees as follows: 
 5.1 Noncompetition. During the Term of this Agreement and for a period that is the longer of (a) one (1) year immediately
following the termination of this Agreement or (b) the period during which Executive is entitled to receive payments under Section 6.5 of this Agreement, Executive shall not, directly or indirectly, for himself or on behalf of, or in
conjunction with any other person, persons, company, partnership, limited liability company, corporation or other business entity or venture of whatever nature: (i) call upon any customer of the Company, past or present, including but not
limited to, any customers obtained for the Company by Executive, for the purposes of (A) soliciting or selling any products or services in competition with any products or services offered by the Company or (B) persuading, inducing or
soliciting any such customer to discontinue conducting business with the Company or purchasing any of its products or services; (ii) call upon any employee, consultant or agent of the Company for the purpose or with the intent of persuading or
enticing any such employee, consultant or agent away from or out of the employ of or engagement by the Company; or (iii) establish, enter into, be employed by or for, advise, consult with or become an owner in or a part of, any company,
partnership, limited liability company, corporation or other business entity or venture of whatever nature or in any way engage for himself or for others, in any business that sells products or services that compete with or are similar to the
products or services offered by the Company. The Company may, in its discretion, by advance written consent permit Executive to take specified actions that, absent such consent, would constitute a violation of this Section 5; but the Company is
under no obligation to grant any such written consent or permit any such actions. 
 5.2 Enforcement. The existence of
any claim or cause of action of Executive against the Company, whether predicated on this Agreement or otherwise, shall not preclude the Company’s enforcement of these covenants. 
 5.3 Reasonable Covenants. Executive acknowledges and agrees that the covenants set forth in this Section 5 are necessary and
reasonable to protect the Company and the conduct of its business and are a fair and reasonable restraint on Executive in light of the activities and business of the Company on the date of execution of this Agreement and the future plans of the
Company; and that such covenants also be construed and enforced in light of the activities and business of the Company (including business activities in the planning stage) on the date of termination of Executive’s employment with the Company

  

 5 

 5.4 Survival. The provisions of this Section 5 shall survive any termination of
this Agreement and are subject to paragraph 7 of this Agreement. 
 SECTION 6. TERMINATION OF EMPLOYMENT. 
 6.1 Certain Definitions. As used herein, the following terms shall have the following definitions: 
 (a) Affiliate. “Affiliate” shall mean an affiliate of the Company, as defined in Rule 12b-2 promulgated under
Section 12 of the Securities Exchange Act of 1934, as amended from time to time. 
 (b) Cause. A termination by
the Company with “Cause” shall include (without limitation) (i) Executive’s breach of any material provision of this Agreement; (ii) Executive’s material breach of any written Company policy contained in the
Company’s manual of policies and procedures; or material non-compliance with any lawful direction given by the Company’s Chief Executive Officer; (iii) Executive’s Disability; (iv) Executive’s fraud with respect of the
business or affairs of the Company; (v) the commission by Executive, or entering of a plea of nolo contendere with regard to, a felony or a crime involving moral turpitude; or (vi) alcohol abuse or illegal drug use by Executive,
provided, however, that in the event of Executive’s breach as set forth in sub-clauses (i), or (ii) hereof, no Cause for termination shall be deemed to exist for any such breach which is curable and which is in fact cured by
Executive within thirty (30) business days after notice of such termination has been delivered to Executive; and in the event of Executive’s breach as set forth in clause (vi) above, no Cause for termination shall be deemed to exist
if Executive and the Company agree on a remedial program for Executive, and so long as Executive in all respects complies with the requirements of such program. During the time of any such attempted cure, Executive shall, if directed by the Company,
be on paid leave of absence away from the Company’s premises. 
 (c) Change in Control. For purposes of this
Agreement, “Change in Control” means the occurrence of any of the following events if, following such occurrence, a Board Change (as hereinafter defined) occurs: 
 (i) any person becomes the beneficial owner, directly or indirectly, of securities of the Company (not including in the securities
beneficially owned by such person any securities acquired directly from the Company or its affiliates) representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding voting securities; or

 (ii) a merger or consolidation of the Company is consummated with any other corporation, other than (A) a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or parent entity)
more than fifty percent (50%) of the combined voting power of the voting securities of the 

  

 6 

 
Company or such surviving or parent equity outstanding immediately after such merger or consolidation; or 
 (iii) there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s
assets (or any transaction having a similar effect), other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting
securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale, provided that such transferee entity confirms in writing that it is bound by the
terms of this Agreement. 
 (d) Board Change. “Board Change” means any change in directors after giving
effect to any of the transactions described above as a result of which the individuals serving on the Board prior to such transaction no longer comprise at least a majority of the directors on the Board immediately after giving effect to such
transaction. 
 (e) Good Reason. A termination by the Executive for “Good Reason” means termination by
Executive following (i) a reduction in Executive’s Annual Salary or other material component of compensation required to be paid pursuant hereto without Executive’s prior written consent; or (ii) the Company’s relocation of
the Executive, without the Executive’s consent, to a permanent location more than seventy-five (75) miles from the location specified in Section 1.2 of this Agreement; provided however, that no Good Reason for Executive’s
termination shall be deemed to exist for actions that are cured by the Company within the 30-day period after notice of such termination has been delivered to the Company. 
 6.2 Death of Executive. This Agreement shall terminate upon Executive’s death. 
 6.3 By the Company. The Company shall have the right to terminate Executive’s employment with the Company, at any time, with or
without Cause; provided, however, that in connection with a termination with Cause, the Company shall give employee notice thereof, and if applicable, an attempt to cure such Cause, in accordance with the provisions of Section 6.1(b)
above. For avoidance of doubt, the parties agree that Executive has no right to continue at any time in any office of the Company after being removed from such office in the manner provided in the Company’s bylaws or other applicable provisions
of the Company’s governing law and instruments. 
 6.4 By Executive. Executive may terminate his employment with the
Company at any time, upon providing thirty (30) days advance notice, either with or without Good Reason. In the event Executive terminates his employment with the Company with Good Reason, such notice shall specify the grounds for such
termination, and the Company shall have the opportunity to cure such grounds for termination in accordance with the provisions of Section 6.1(e). 
  

 7 

 6.5 Severance Pay, Other Post-Employment Payments and Acceleration of Benefits Upon Certain
Terminations. 
 (a) Termination by the Company for Cause, or by Executive without Good Reason. If the Company
terminates Executive’s employment for Cause, or Executive terminates his employment without Good Reason, then in either such event, Executive shall not be entitled to any severance pay, and shall only be entitled to any unpaid, but earned,
salary, (ii) any unpaid but earned vacation in accordance with Company policy then in effect and (iii) any incurred but unpaid ordinary and necessary business expenses properly documented by Executive in accordance with the Company’s
then effective expense reimbursement policy. 
 (b) Termination by the Company Without Cause, or by Executive for Good
Reason. Subject to subsection 6.5(c) below, if the Company terminates Executive’s employment without Cause, or Executive terminates his employment with Good Reason, then in such event Executive shall be entitled to all payments allowed
pursuant to subsection 6.5(a) above and severance pay in the amount of the sum of (i) nine (9) months’ annual base salary as specified in Exhibit A, plus (ii) an amount equal to the amount of Executive’s bonus payment
for the last complete year of service prior to termination, times a fraction, the numerator of which is the number of days in the year of Executive’s termination through the date of such termination, and the denominator of which is 365 (or in
the case of leap years, 366). 
 (c) Certain Terminations Following a Change in Control. Notwithstanding the provisions
of Section 6.5(b) above, in the event the Company terminates Executive’s employment without Cause, or Executive terminates his employment with Good Reason, concurrently with or within twelve (12) months following a Change in Control,
then, in lieu of the payments specified in Section 6.5(b), Executive shall be entitled to all payments allowed pursuant to subsection 6.5(a) above and severance pay in the amount of eighteen (18) months’ annual base salary as
specified in Exhibit A, plus 1.5 times the amount of Executive’s bonus for the last complete calendar year prior to Executive’s termination of employment. In such event, all unvested options to purchase Company stock held by
Executive shall immediately vest and become exercisable and all restricted stock granted to Executive shall immediately vest and the legend providing restrictions on the sale or transfer of such stock related to such vesting shall be removed at the
request of the Executive. 
 (d) Continuation of Benefits. In addition to the severance pay provided pursuant to
Section 6.5(b) or (c) above, as applicable, in the event the Company terminates Executive’s employment without Cause, or Executive terminates his employment with Good Reason, the Company shall continue to provide benefits referred to
in Section 2.2 during the period Executive is entitled to severance payments under this Agreement. Notwithstanding the above, if Executive elects to participate in COBRA coverage for which he and/or his family is eligible under the
Company’s then effective health plans, the Executive shall pay to the Company on a monthly or quarterly basis, as the case may be, an amount equal to the co-payment amount for which the Executive would have been responsible had he remained an
employee during the COBRA coverage 

  

 8 

 
period and the Company shall pay to the plan administrator on behalf of executive the entire cost of the COBRA coverage. 
 (e) Death or Disability. Any termination of this Agreement by reason of Executive’s death or disability shall not give rise to
any severance payment hereunder, but shall be without prejudice to any benefits payable to Executive or his estate under applicable company benefits relating to such event. For purposes of this Agreement, the term “Disability” shall mean
the Executive’s inability to perform his duties, in all material respects, because of illness, physical or mental disability, or other incapacity that continues for an uninterrupted period of one hundred eighty (180) days. Executive’s
unvested stock options and restricted stock not otherwise vested shall vest upon the death or disability of Executive as provided in the Company’s 2006 Long-Term Incentive Plan. 
 (f) Timing of Payments. All severance payments provided pursuant to Section 6.5(b) above, as applicable, that are measured by
Executive’s annual base salary shall be paid at such times and in accordance with the Company’s payroll policies and procedures as if Executive were still employed by the Company; and all amounts of severance pay in respect of bonus
payments shall be pro rated over the period of such payment, and a proportional amount of such bonus payments will be paid at such times as base salary payments are made. All severance payments provided pursuant to Section 6.5(c) above, as
applicable, that are measured by Executive’s annual base salary shall be paid in one lump sum amount within ten (10) days following Executive’s termination by the Company as provided by Section 6.3 or within ten (10) days
following the notice period required by Executive’s termination for Good Reason as provided by Section 6.4. 
 (g)
Requirements Regarding Eligibility to Receive Severance Payments. Notwithstanding any of the other provisions hereof, the Company shall not be obligated to make the severance payments provided under Section 6.5(b) or (c) above until
Executive has executed and delivered to the Company a general release in a form reasonably acceptable to the Company, whereby Executive confirms that he releases the Company from all claims or obligations other than the Company’s obligations to
make payments as provided in this Section 6.5. Furthermore, in the event Executive fails to comply with his obligations under this Agreement (including without limitation Sections 3, 4 and 6 hereof), the Company’s obligations under this
Section 6.5 shall terminate. 
 (h) Termination of other Compensation and Benefits. Except as otherwise required
by applicable law or as provided above in this Section 6.5, Executive’s eligibility for or entitlement to any other compensation or benefits shall cease immediately upon termination of this Agreement and Executive’s employment with
the Company. 
 6.6 Effect of Termination. Termination of Executive’s employment with the Company shall not limit, affect,
or discharge Executive’s obligations under Sections 3, 4 or 5 of this Agreement and shall not release the Company from its obligations to make payments or provide benefits required by Sections 2.2 and 6.5 of this Agreement following such
termination (subject to the limitations provided in Section 6.3). All other obligations as to periods after the 

  

 9 

 
date of termination shall cease, without prejudice to the rights and remedies for events or breaches prior to the date of termination. 
 6.7 Waiver. The Company may waive or defer exercising its power to terminate this Agreement, but such waiver or deferral shall not thereby
(a) establish a policy, interpretation, or course of performance that may be used to construe, limit or affect the express terms of this Agreement, (b) preclude the Company from exercising its rights or remedies hereunder or otherwise on
any other occasion or from using the breach as support for the exercise of its power to terminate on any future occasion or (c) limit the ability of the Company to revoke such waiver or deferral and exercise its power to terminate this
Agreement if it determines that the condition giving rise to a power to terminate has continued, or if the Company determines in good faith that it was not fully aware of all facts and circumstances of such condition, or if such waiver or deferral
may be retracted at common law. 
 SECTION 7. CERTAIN REMEDIES. 
 With respect to each and every breach or violation or threatened breach or violation by Executive of Sections 3, 4 or 5 of this Agreement, the Company, in addition to all other remedies available at law or in equity,
including, but not limited to, specific performance of the provisions hereof, shall be entitled to enjoin the commencement or continuance thereof and may, without notice to Executive, apply to any court of competent jurisdiction for entry of an
immediate restraining order or injunction, without the necessity of proving either inadequacy of legal remedies or irreparable harm and without the necessity of posting a bond. The Company shall also be entitled to the recovery of reasonable
attorney’s fees and expenses incurred in conjunction with any such proceeding. 
 SECTION 8. SEVERABILITY AND REFORMATION. 
 The provisions of this Agreement are severable, and any judicial determination that one or more of such provisions, or any portion thereof, is invalid or
unenforceable shall not affect the validity or enforceability of any other provisions, or portions thereof, but rather shall cause this Agreement to first be construed in all respect as if such invalid or unenforceable provisions, or portions
thereof, were modified to terms that are valid and enforceable and provide the greatest protection to the Company’s business and interests; provided, however, that if necessary to render this Agreement enforceable, it shall be construed
as if such invalid or unenforceable provisions, or portions thereof, were omitted. 
 SECTION 9. GENERAL PROVISIONS. 
 9.1 Notices. Any notices provided hereunder must be in writing and shall be deemed effective upon the earlier of personal delivery
(including personal delivery by fax) or the third day after mailing by first class mail, to the Company at its primary office location and to Executive at Executive’s address as listed on the Company payroll. 
 9.2 Waiver. If either party should waive any breach of any provision of this Agreement, he or it shall not thereby be deemed to have waived
any preceding or succeeding breach of the same or any other provision of this Agreement. 
  

 10 

 9.3 Complete Agreement. This Agreement constitutes the complete, final and exclusive
embodiment of the agreement of the Company and Executive with regard to the subject matter hereof, and supersedes and replaces in all respects any previous agreements regarding Executive’s employment by the Company or the terms thereof. This
Agreement is entered into without reliance on any promise or representation other than those expressly contained herein, and this Agreement cannot be modified or amended except in a writing signed by Executive and an authorized officer of the
Company. 
 9.4 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one and the same instrument. 
 9.5 Headings. The headings of the
sections hereof are inserted for convenience of reference only and shall not be deemed to constitute a part hereof or affect the meaning or interpretation of any of the provisions hereof. 
 9.6 Successors and Assigns. This Agreement is intended to bind, inure to the benefit of, and be binding upon, the successors and assigns of
the Company, including the surviving entity of any merger, consolidation, share exchange or combination of the Company with any other entity. Notwithstanding the foregoing, Executive may not assign, transfer or delegate any of Executive’s
duties or obligations hereunder, and Executive may not assign or transfer any of Executive’s rights hereunder without the written consent of the Company. 
 9.7 Attorney’s Fees. If either the Company or Executive brings any action to enforce their respective rights hereunder, the prevailing party in any such action shall be entitled to recover his or
its reasonable attorney’s fees and costs incurred in connection with such action. 
 9.8 Choice of Law and Venue. All
questions concerning the construction, validity and interpretation of this Agreement shall be governed by the law of the State of New Jersey (without regard to its conflicts of laws principles). Any dispute arising out of, or concerning, this
Agreement or the employment relationship between the parties, shall be resolved exclusively in a federal or state court of competent jurisdiction located in New Jersey. To the extent necessary, the parties hereby submit to, and agree not to contest,
the jurisdiction of such courts. 
 9.9 Representations. Each party represents and warrants to the other that he or it has full
power and authority to enter into and perform this Agreement and that his or its execution and performance of this Agreement shall not constitute a default under or breach of any of the terms of any agreement to which he or it is a party or under
which he or it is bound. Each party represents that no consent or approval of any third party is required for his or its execution, delivery and performance of this Agreement or that all consents or approvals of any third party required for his or
its execution, delivery and performance of this Agreement have been obtained. 
 9.10 Withholding. Any and all amounts payable
under this Agreement, including without limitation, amounts payable under Section 2.1 or Section 6.1(c) hereof, are subject to withholding for such federal, state, and local taxes as the Company, in its reasonable judgment, determines to
be required pursuant to any applicable law, rule or regulation. 
  

 11 

 9.11 Survival. The provisions of Sections 3, 4, 5, 7, 8 and 9 of this Agreement shall
survive the termination of this Agreement for whatever reason. 
 (SIGNATURE PAGE FOLLOWS) 
  

 12 

 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement to be effective as of the day and year first
above written. 
  

			
	 THE “COMPANY”

	
	 COMVERGE, INC.

		
	By:	 	 /s/ Robert M. Chiste

	 Name:
	 	Robert M. Chiste
	 Title:
	 	 Chairman, President & CEO

	
	“EXECUTIVE”
		
	 By:
	 	/s/ Frank A. Magnotti
	Name:	 	 Frank A. Magnotti

	Title:	 	 Alternative Energy Resources Group
 President and
Chief Operating Officer

  

 13 

 Exhibit A 
  

			
	Annual Salary	  	 Executive shall be paid at the rate of $215,000.00 per annum.

		
	Annual Cash Incentive1	  	 Executive will have the opportunity to earn an annual bonus equal to 25% (threshold), 50% (target) or 100% (maximum) of his annual salary
based on the achievement of performance criteria established by the Compensation Committee.

		
	Annual Equity Incentive1	  	 Executive will have the opportunity to earn an annual equity award comprised of a combination of restricted stock and options valued at
1.13 times salary (threshold), 1.5 times salary (target) or 1.88 times salary (maximum) based on the achievement of performance criteria established by the Compensation Committee.

		
	Supplementary 2007 Bonus	  	 Executive will have the opportunity to earn a Supplementary 2007 Bonus for each new VPC Program added during Fiscal 2007, provided that (i)
any required regulatory approvals related to any New VPC Program must be received in 2007 and (ii) at least 1,000 Kw of load control must be installed (or otherwise be available for load control) during 2007. The amount of the Supplementary 2007
Bonus will be calculated by multiplying the committed capacity of each New VPC Program, measured in kilowatts, by $0.25 per kilowatt.

	1	The compensation committee will set Target and Threshold performance levels for annual cash
and Equity incentives. The Target performance level is the level of performance at which the executive, operating division or company is expected to perform. The Threshold performance level is the minimum level of performance required as a condition
of earning any incentive.

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