Document:

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                                                                    EXHIBIT 10.2

              AGREEMENT OF SEPARATION, RELEASE, AND NONCOMPETITION

THIS AGREEMENT OF SEPARATION, RELEASE, AND NONCOMPETITION ("Agreement"), is made
and entered into by and between CHART INDUSTRIES, INC., a Delaware corporation,
having a place of business at 5885 Landerbrook Drive, Cleveland, Ohio 44124
("Company") and James R. Sadowski having a place of residence at 65 Solether
Lane, Chagrin Falls, OH 44022 ("Employee"). Company and Employee are hereinafter
collectively referred to as the "Parties" or forms thereof.

                              W I T N E S S E T H:

                  WHEREAS, Employee has been employed by the Company; and

                  WHEREAS, Employee's employment has been terminated effective
July 1, 2002 (the "Date of Separation"); and

                  WHEREAS, the Employee has an EMPLOYMENT AGREEMENT under which
employee is be entitled to severance pay and other severance benefits; and

                  WHEREAS, the Company and Employee wish to resolve all matters
and issues between them arising from or relating to Employee's employment by the
Company and Employee's termination from employment by the Company.

                  NOW, THEREFORE, in consideration of the mutual promises and
covenants contained herein, Employee and the Company hereby agree as follows:

                                    ARTICLE I
                   PAYMENTS EARNED THROUGH DATE OF SEPARATION

                  Section 1.1. Salary Through Date of Separation. The Company
shall pay to Employee the amount of Employee's annual salary payable through the
pay period of the Date of Separation, less federal and state withholding taxes
and other deductions required by law, as per the Company's regular payroll
practice.

                  Section 1.2. "Paid Time Off". The Company will pay Employee
for Employee's earned but unused vacation time of seven (7) days and other paid
time off in connection with Employee's employment with the Company through the
Date of Separation, less federal and state withholding taxes and other
deductions required by law. Such payment shall be made within seven business
days following the Effective Date of this Agreement, as set forth in (S) 6.7 of
the Agreement.

                                   ARTICLE II
                                  SEVERANCE PAY

         Section 2.1. Severance Pay. Upon the Effective Date of this Agreement
as set forth in Section 4.4 herein, the Company shall pay Employee twelve (12)
months severance pay ($263,000) as described in this Section 2.1. This pay is
separate and independent of the pay in Section 1.1 above. Employee will be paid
bi-weekly starting with the pay period ending July 12, 2002 through the pay
period ending February 7, 2003. This amounts to 16 pays of $10,115.39 or

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a total of $161,846.24. The remaining balance of $101,153.76 will be distributed
to Employee in a lump sum within fifteen (15) days of February 7, 2003. All
amounts shall be less standard payroll deductions and/or withholdings (including
taxes and Employee contributions under benefit programs to the extent continued
pursuant to this Agreement).

         Section 2.2 Calculation of Severance Pay. Any and all severance
payments shall be based on at Employee's rate immediately preceding Employee's
termination, less applicable payroll taxes and withholdings (including Employee
contributions under benefit programs to the extent continued pursuant to this
Agreement).

                                   ARTICLE III
                            ADDITIONAL CONSIDERATION

                  Section 3.1  Additional Consideration. In addition to the
severance payments described in (S)2.1, the Company shall provide Employee with
the "Additional Consideration" described in Attachment A hereto, which is
expressly incorporated herein by reference.

                  Section 3.2. Adequacy of Consideration. Employee hereby agrees
and acknowledges that the Additional Consideration described in Attachment A to
this Agreement constitutes consideration that is over and above any
entitlements, severance payments or otherwise, that Employee may have by reason
of his separation from employment with the Company, and that such payments and
amounts constitute adequate consideration and are accepted in exchange for
Employee's covenants and obligations, including but not limited to Employee's
full release of all claims, as set forth in this Agreement. The Parties further
agree that Attachment A (Additional Consideration), Attachment B
(Confidentiality and Non-competition Agreement) and Attachment C (Reason for
Termination) are necessary and integral to this Agreement, and are hereby
incorporated into this Agreement by reference and made a part hereof.
Capitalized terms not otherwise defined in Attachment A, Attachment B or
Attachment C respectively, shall have the meanings given to such terms in this
Agreement.

                          ARTICLE IV, RELEASE OF CLAIMS

                  Section 4.1. General Release. In exchange for consideration
of the promises and agreements set forth herein, and for good and other valuable
consideration, the adequacy and receipt of which is hereby acknowledged by
Employee, Employee does hereby for himself and for his heirs, executors,
successors and assigns, release and forever discharge the Company, its
shareholders, subsidiaries, divisions, and all of the Company's affiliated
businesses, whether directly or indirectly related to Company, if any, together
with its and their respective officers, directors, shareholders, management,
representatives, agents, employees, successors, assigns, and attorneys, both
known and unknown, in both their personal and agency capacities (collectively,
the "Company Entities") of and from any and all claims, demands, damages,
actions or causes of action, suits, claims, charges, complaints, contracts,
whether oral or written, express or implied and promises, at law or in equity,
of whatsoever kind or nature, including but not limited to any alleged violation
of any state or federal anti-discrimination statutes or regulations, including
but not limited to Title VII of The Civil Rights Act of 1964 as amended, 42
U.S.C.(S)2000e et seq.; the Employee Retirement Income Security Act of 1974, 29
U.S.C.(S)1001 et seq.; the Americans With Disabilities Act, 42 U.S.C.(S)12101 et
seq.; any claims for breach of any express or implied contract or promise,
wrongful discharge, violation of public policy, or tort, all demands for
attorney's fees, back pay, holiday pay, vacation pay, bonus, group insurance;
any claims for reinstatement, employee benefits and claims for money, out of
pocket

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expenses (excluding those approved by Mark Ludwig), any claims for emotional
distress, defamation and humiliation, that Employee might now have or may
subsequently have against the Company Entities, whether known or unknown,
suspected or unsuspected, by reason of any matter or thing, arising out of or in
any way connected with, directly or indirectly, any acts or omissions which have
occurred prior to and on the Effective Date of this Agreement, except those
matters specifically set forth herein and except for any pension or retirement
benefits which may have vested on Employee's behalf, if any, and any rights or
claims that may not be released or waived as a matter of law.

         Section 4.2. Age Discrimination in Employment Act/Older Workers Benefit
Protection Act Release. Employee waives and releases all rights, remedies,
claims and causes of action, known and unknown, he has or may have against the
Company Entities for any matter related to his employment and the termination of
that employment under the Age Discrimination in Employment Act of 1967, 29
U.S.C. (S)(S)621, et seq., as amended by the Older Worker Benefit Protection
Act, 29 U.S.C. (S) 623, by reason of any matter or thing arising out of, or in
any way connected with, directly or indirectly, any acts or omissions which have
occurred prior to and including the Effective Date of this Agreement. In other
words, by signing this Agreement, Employee will have none of the legal rights
against the aforementioned that Employee would otherwise have under these laws.

                  Section 4.3. Right to Consult With Counsel; Consideration
Period. The Company hereby notifies Employee of Employee's right to consult with
Employee's chosen legal counsel before signing this Agreement. The Company shall
afford, and Employee acknowledges receiving, not less than twenty-one (21)
calendar days in which to consider this Agreement to ensure that Employee's
execution of this Agreement is knowing and voluntary. In signing below, Employee
expressly acknowledges that Employee has been afforded the opportunity to take
twenty-one (21) days to consider this Agreement and that Employee's execution of
same is with full knowledge of the consequences thereof and is of Employee's own
free act and will. Notwithstanding the fact that the Company is allowing
Employee twenty-one (21) days to consider this Agreement, Employee may elect to
execute this Agreement prior to the end of such twenty-one (21) day period. If
Employee elects to execute this Agreement prior to the end of such twenty-one
(21)-day period, then, by Employee's signature below, Employee represents that
his decision to accept this shortening of the time was done knowingly and
voluntarily and was not induced by fraud, misrepresentation, or any threat to
withdraw or alter the benefits provided by the Company herein, or by the Company
providing different terms to any similarly-situated employee executing this
Agreement prior to end of such twenty-one (21) day consideration period. The
parties agree changes, whether material or immaterial, to this Agreement shall
not restart the running of the twenty-one (21)-day time period.

                  Section 4.4  Revocation Period. Both the Company and Employee
agree and recognize that, for a period of seven (7) calendar days following
Employee's execution of this Agreement, Employee may revoke this Agreement by
providing written notice revoking the same, within this seven (7) day period,
delivered by hand or by certified mail, addressed to Mark Ludwig, 5885
Landerbrook Drive, Cleveland, OH 44124 delivered or postmarked within such seven
(7) day period. In the event Employee so revokes this Agreement, each Party will
receive only those entitlements and/or benefits that they would have received
regardless of this Agreement.

                  Section 4.5. Acknowledgments.  Employee acknowledges that
Employee has carefully read and fully understands all of the provisions of this
Agreement, that Employee has

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not relied on any representations of the Company or any of its representatives,
directors, officers, employees and/or agents to induce Employee to enter into
this Agreement, other than as specifically set forth herein and that Employee is
fully competent to enter into this Agreement and has not been pressured, coerced
or otherwise unduly influenced to enter into this Agreement and that Employee
has voluntarily entered into this Agreement and the same is Employee's own free
will act.

                                    ARTICLE V

                          OTHER OBLIGATIONS OF EMPLOYEE

                  Section 5.1.  Noncompetition Agreement. Employee agrees to the
Confidentiality and Noncompetition Agreement set forth in Attachment B to this
Agreement, which is expressly incorporated herein.

                  Section 5.2. Company Property. Upon or before execution of
this Agreement, Employee shall return all property belonging to the Company
(excluding laptop), including, but not limited to, all confidential and/or
proprietary information, keys, business equipment, computer software and/or
hardware, and technical manuals and other information.

                                   ARTICLE VI

                            MISCELLANEOUS PROVISIONS

                  Section 6.1. Entire Agreement. This Agreement, together with
its Attachment A, Attachment B and Attachment C contains the entire agreement
and understanding by and between the Parties hereto and replaces and supersedes
any prior agreements (including the EMPLOYMENT AGREEMENT, dated January 24,
2001, as amended, between the Company and Employee), contracts and/or promises,
whether written or oral, with respect to the subject matters included herein.
There are no other agreements nor representations between the Parties except as
expressly provided for in this Agreement. This Agreement may not be changed
orally, but only in writing, signed by each of the Parties hereto.

                  Section 6.2. Warranty/Representation. Employee and the Company
each warrant and represent that, prior to and including the Effective Date of
this Agreement, no claim, demand, cause of action, or obligation which is
subject to this Agreement has been assigned or transferred to any other person
or entity, and no other person or entity has or has had any interest in any such
claims, demands, causes of action or obligations, and that each has the sole
right to execute this Agreement.

                  Section 6.3. Invalidity. The Parties to this Agreement agree
that, if any provision of this Agreement (including the provisions of
Attachments A, B or C) is determined by a court of last resort, or a lower court
if no appeal is taken, to be unlawful, invalid or unenforceable, the balance of
this Agreement shall remain in full force and effect. In such event the parties
agree to meet and confer for the purpose of a reaching agreement to amend the
offending provision, or, if the parties cannot agree on the terms of amendment,
all provisions shall be enforced to the extent that is determined reasonable by
the appropriate court. However, if such amendment or enforcement cannot be
achieved without materially altering the releases of claims given by Employee to
the Company, then this Agreement shall be void, and Employee

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promptly shall return all monies and other things received under this Agreement
(including its attachments).

                  Section 6.4. Assignment. This Agreement is personal in nature
and shall not be assigned by Employee. All payments and benefits provided
Employee herein shall be made to Employee's wife Elaine Sadowski and if not
living Employee's estate in the event of Employee's death prior to Employee's
receipt thereof. This Agreement shall inure to the benefit of and be binding
upon the successors and assigns of the Company, including, without limitation,
any person acquiring directly or indirectly all or substantially all of the
assets of the Company, whether by merger, consolidation, sale or otherwise (and
such successor shall thereafter be deemed the "Company" for the purposes of this
Agreement).

                  Section 6.5. Originals. Two (2) copies of this Agreement shall
be executed as "originals" so that both Employee and the Company may possess an
"original" fully executed document. The Parties hereto expressly agree and
recognize that each of these fully executed "originals" shall be binding and
enforceable as an original document representing the agreements set forth
herein. Headings are for convenience only and shall be given no legal effect.

                  Section 6.6. Jurisdiction. This Agreement, including
Attachments A and B hereto, shall be governed under the laws of the State of
Ohio, without giving effect to the conflict of law principles of such State.
Employee and the Company each agree that the state and federal courts located in
Cleveland, Ohio shall have jurisdiction in any action, suit or proceeding
against Executive or the Company based on or arising out of this Agreement
(including its Attachments) and each of Executive and the Company hereby (a)
submits to the personal jurisdiction of such courts, (b) consents to service of
process in connection with any such action, suit or proceeding and (c) waives
any other requirement (whether imposed by statute, rule of court or otherwise)
with respect to personal jurisdiction, venue or service of process.

                  Section 6.7. Effective Date of this Agreement. This Agreement
shall become effective only upon (a) execution of this Agreement by Employee
after the expiration of the twenty-one (21) day consideration period described
in Section 4.3 of this Agreement, unless such consideration period is shortened
as set forth therein; and (b) the expiration of the seven (7) day period for
revocation of this Agreement by Employee as described in Section 4.4 of this
Agreement. The date on which this Agreement so becomes effective is referred to
herein as the "Effective Date of this Agreement."

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                              CAUTION TO EMPLOYEE:

READ BEFORE SIGNING. THIS DOCUMENT CONTAINS A RELEASE OF ALL CLAIMS AGAINST THE
COMPANY ENTITIES PRIOR TO THE EFFECTIVE DATE OF THIS AGREEMENT.

         IN WITNESS WHEREOF, Employee and the Company agree as set forth above:

DATE OF EXECUTION BY EMPLOYEE:            AGREED TO AND ACCEPTED BY:

9/4/02                                    /s/ James R. Sadowski
--------------------------------          --------------------------------------
                                          JAMES R. SADOWSKI

                                          EXECUTION WITNESSED BY:

                                          /s/ Patricia A. Switzer
                                          --------------------------------------

DATE OF EXECUTION BY COMPANY:             AGREED TO AND ACCEPTED BY

                                          CHART INDUSTRIES, INC.

9/4/02                                    BY:  /s/ Mark Ludwig
--------------------------------             -----------------------------------

                                          TITLE: Corporate Director, Human
                                                --------------------------------
                                          Resources
                                          --------------------------------------

                                          EXECUTION WITNESSED BY:

                                          /s/ Patricia A. Switzer
                                          --------------------------------------

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                                  ATTACHMENT A

                            ADDITIONAL CONSIDERATION

                  In addition to the severance payments described in (S)2.1 of
the Agreement of Separation, Release, and Noncompetition (the "Agreement")
between CHART INDUSTRIES, INC., a Delaware corporation ("the Company"), and
James R. Sadowski ("Employee"), into which Agreement this Attachment A is
incorporated, the Company and Employee agree as follows:

                                    ARTICLE I

                             ENHANCED SEVERANCE PAY

         Section 1A. Enhanced Severance Pay. In consideration of Employee's
covenants and obligations set forth in the Agreement and the attachments
thereto, the Company shall pay Employee an additional three (3) months of
enhanced severance pay (the "Enhanced Severance Pay"). Employee acknowledges
said enhanced severance payments are over and above that to which Employee is
otherwise entitled under any employment agreement or otherwise and are being
given as additional consideration in exchange for Employee's agreement to the
terms and conditions of the Agreement (including this Attachment and Attachment
B thereto).

         Section 1B. Calculation of Enhanced Severance Pay. The Enhanced
Severance Pay shall be paid to Employee as a lump sum of $65,750.00, which will
be combined with the remaining lump sum balance of the severance pay of
$101,153.76 provided for under Section 2.1 of the Agreement and paid within
fifteen (15) days of February 7, 2003. Therefore, the total amount of the lump
sum payment to be paid at such time is $166,903.76. Thus the total severance to
be paid to Employee under Section 2.1 of the Agreement and this Section 1B,
including severance pay and Enhanced Severance Pay, consists of $161,846.24 in
16 bi-weekly payments and a total of $166,903.76 in lump sum payments, for a
total not to exceed $328,750.00 in aggregate severance payments. All amounts
shall be less standard payroll deductions and/or withholdings (including taxes
and Employee contributions under benefit programs to the extent continued
pursuant to this Agreement).

                                   ARTICLE II

                                    BENEFITS

         Section 2A. Health, Dental and Vision Benefits. For a period of 25
months following the Date of Separation, through and including July 2004, the
Company will maintain the Employee's current coverage under the Company's
health, dental and vision insurance. During such period, Employee will be
responsible to pay the normal employee share of the applicable premiums for such
coverage.

         Section 2B. Other Welfare Benefits. For a period of 12 months following
the Date of Separation, through and including June 2003, life insurance coverage
will be maintained. If the Company is unable to continue Employee's existing
life insurance coverage during such 12-month period, the Company agrees to
obtain comparable life insurance coverage for Employee during such 12-month
period.

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         Section 2C. Cessation of Benefits. All of the benefits referenced in
Sections 2A, 2B, 2D and 2E will cease if Employee obtains such coverage from
another employer at anytime during the respective periods of continuation. All
other Employee benefits not referenced above cease as of July 31, 2002. The
Company shall have the right to modify, amend or terminate any benefits provided
to Employee following the Date of Separation and Employee's continued
participation therein, if any, shall be subject to such modification, amendment
or termination if such modification, amendment or termination applies generally
to the then-current participants in such plan.

         Section 2D. COBRA Election Health Benefits. Upon completion of the 25
month period following the Date of Separation, and effective August 1, 2004, the
Company will afford Employee the opportunity to continue Employee's coverage
under the Company's health, dental and vision insurance, at Employee's expense,
for an additional 18 months, so long as Employee timely elects (within 45 days
of August 1, 2004) to receive coverage under the federal Consolidated Omnibus
Budget Reconciliation Act, as amended ("COBRA"), Part VI of Subtitle B of Title
I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA");
and Internal Revenue Code (S) 4980(B)(f) and otherwise complies with conditions
of continuation of benefits under COBRA.

         Section 2E. Outplacement Services. Company will provide an executive
full service outplacement program to Employee for up to six (6) months following
the Date of Separation. The service provider will be of Employee's own choosing
and the cost of the outplacement service will be reimbursed to employee or the
service provider, up to a maximum of $15,000. Employee can elect to receive cash
compensation in lieu of outplacement services up to a maximum of $15,000.

         Section 2F. Automobile Use. Company will continue to provide Employee
with the use of the automobile assigned to Employee as of the Date of Separation
and Employee will have use of such automobile through December 31, 2002.
Employee shall return such automobile to Company in good condition, reasonable
wear and tear excepted, by December 31, 2002. From the period of October 1, 2002
and thereafter, it is the Employee's responsibility to insure the automobile
with the same limits as when insured by Chart and to name the Company as a named
insured. For any period following October 1, 2002 Employee shall be solely
responsible for any damages or claims of, or losses incurred by, third persons
as a result of Employee's possession and/or use of such automobile in the period
until Employee returns such automobile to the Company, and the Company shall
have no responsibility or liability for any such damages, claims or losses, and
Employee agrees to indemnify and reimburse the Company for any such damages,
claims or losses asserted against the Company.

         Section 2G. Extension of Term of Stock Options. Effective as of the
Effective Date of this Agreement, and through an action by its Board of
Directors or any appropriate committee thereof, the Company agrees to extend the
period of time after the Date of Separation during which Employee may exercise
his stock options to acquire Company common stock, to the extent that any of
those options was exercisable on the Date of Separation, from three (3) months
after the Date of Separation (as provided absent such extension) to fifteen (15)
months after the Date of Separation (i.e., to September 30, 2003), but not later
than the expiration date of the option. Employee acknowledges that all stock
options shall expire not later than September 30,

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2003. Notwithstanding the foregoing, (a) the normal expiration date of stock
options shall not be extended, so that any stock option that would have
terminated before September 30, 2003 had Employee remained employed with the
Company until that time shall terminate on the date on which it would have
terminated had Employee remained so employed, (b) any stock option that had not
become fully exercisable before the Date of Separation shall terminate on the
Date of Separation to the extent that such option was not then exercisable, and
(c) this Section 2H shall not be interpreted to require the Company to
accelerate the exercisability of any of Employee's stock options, and except as
set forth in the first sentence of this Section 2H, the terms of Employee's
stock options shall remain unchanged. Employee acknowledges that the extension
of the period after termination of employment during which he may exercise a
stock option intended to qualify as an incentive stock option under Section 422
of the Internal Revenue Code of 1986, as amended, may cause such option not to
qualify as an incentive stock option but instead to be treated as a nonqualified
stock option. Employee consents to such extension and to the disqualification of
any such incentive stock option as a result thereof.

       Section 2H. Country Club Membership Reimbursement. Reimbursement by the
Company for Employee's Country Club membership dues will be terminated as of
July 1, 2002, and Employee will have no further right to such benefit.

                       ACCEPTED AND AGREED TO BY EMPLOYEE:

                                             EMPLOYEE

                                    /s/ James R. Sadowski
                                    --------------------------------------------
                                    JAMES R. SADOWSKI

                                             CHART INDUSTRIES, INC.

                                    By:    /s/ Mark Ludwig
                                           -------------------------------------
                                    Title: Corporate Director, Human Resources
                                           -------------------------------------

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                                  ATTACHMENT B

                  CONFIDENTIALITY AND NONCOMPETITION AGREEMENT

                  FOR INDEPENDENT, VALUABLE CONSIDERATION, in the form of
payments and benefits provided for in my Agreement of Separation, Release, and
Noncompetition (the "Agreement") with CHART INDUSTRIES, INC., a Delaware
corporation (the "Company") and Attachment A thereto and more specifically
described in this Attachment B thereto, the receipt and sufficiency of which are
hereby acknowledged, I, James R. Sadowski having a place of residence at 65
Solether Lane, Chagrin Falls, OH 44022 ("Employee"), and the Company hereby
further agree as follows:

                                    RECITALS

WHEREAS, Employee acknowledges that during his employment with the Company he
has held a position of trust and confidence and has had access to and has become
familiar with the products, methods, technology, services and procedures used by
the Company; and

WHEREAS, Employee acknowledges that the Company (1) has expended significant
time and money on promotion, advertising, and the development of goodwill and a
sound business reputation; (2) has developed a list of customers and spent time
and resources to learn the customers' needs for the Company's products and
services; (3) has entered into business relationships designed to discover
likely future customers; and further, that all of the foregoing are valuable,
special and unique assets of the Company's business, that the Company's customer
lists, including future changes to the customer lists, are confidential
information which should not be disclosed to persons outside of the Company
organization or used by Employee for his own benefit or the benefit of others;
and

WHEREAS, Employee acknowledges that the Company (1) has expended significant
time and money on technology, research and development; (2) has developed
products, processes, technologies and services, which are valuable, special and
unique assets of the Company's business; and further, that the products,
processes technologies and services, including future changes thereto, are
confidential information which should not be disclosed to persons outside of the
Company organization or used by Employee for his own benefit or the benefit of
others; and

WHEREAS, Employee recognizes that the disclosure to or use by third parties of
any of the Company's confidential or proprietary information, trade secrets, or
Employee's unauthorized use of such information would seriously harm the
Company's business and cause monetary loss that would be difficult, if not
impossible, to measure; and

WHEREAS, Employee wishes to receive the independent consideration referred to
above in exchange for the promises and covenants contained herein.

Employee and the Company AGREE as follows:

1. Independent Consideration.  The independent consideration which Employee
   shall be entitled to receive upon execution of the Agreement (including its
   attachments) shall consist of the three (3) months of enhanced severance pay,
   enhanced medical, dental, vision and life

<PAGE>

     insurance benefits, the executive outplacement services provided for in
     Section 2F of Attachment A, automobile use, and the extension of the period
     during which Employee can exercise certain stock options, all of which are
     described in and governed by other provisions of the Agreement (including
     Attachment A, ADDITIONAL CONSIDERATION). While such independent
     consideration is given in exchange for Employee's covenants and agreements
     under this Attachment B, such independent consideration is also given in
     exchange for Employee's covenants and agreements (including releases) under
     other provisions of the Agreement.

2.   Confidential Information. "Confidential Information" means information
     belonging to the Chart Group of a special and unique nature and value,
     including, but not limited to, such matters as the Chart Group's personnel
     and compensation information; accounts; trade secrets; procedures; manuals;
     financial cost and sales data; supply sources and resources; contracts;
     price lists, accounting and bookkeeping practices; office policies and
     practices; financial information; marketing and strategic plans; business
     plans; prospect names and lists; existing and potential business
     opportunities; confidential reports; customer lists and contracts;
     customers' needs for the Chart Group's products and services; litigation
     and other legal matters; as well as information specific to the Chart
     Group's products, such as source code, coding standards, programming
     techniques, processes and system; computer programs, algorithms,
     techniques, processes, designs, specifications, diagrams, flow charts,
     ideas, systems and methods of operation of such programs; and research and
     development work. As used herein, the term "Chart Group" means,
     collectively, the Company and each group, division and subsidiary (whether
     or not wholly owned) of the Company.

     Employee acknowledges that the Company has taken reasonable measures to
     preserve the secrecy of its Confidential Information, including, but not
     limited to, requiring Employee to execute this Agreement in exchange for
     the independent consideration provided for herein. Employee agrees that he
     or she will not disclose to any other person or entity the Chart Group's
     Confidential Information which Employee has learned or acquired during his
     employment or use said Confidential Information for Employee's own benefit
     or for the benefit of another. Upon or before the execution of the
     Agreement, Employee will deliver to the Company all property and
     Confidential Information, including work in progress, originals and copies
     of business forms, computer files, diskettes, source codes, manuals,
     including training and sales materials, catalogs, customer lists, financial
     information, strategic planning information, computer equipment, office
     equipment, and all other materials in Employee's possession or control
     which belong to the Company or contain information subject to this
     Agreement.

3.   Noncompetition. Employee agrees that during the fifteen (15) month period
     commencing on the date of his cessation of employment with the Company (the
     "Noncompetition Period"), he will not, without the prior written consent of
     the Company, either directly or indirectly, in any capacity whatsoever, (a)
     solicit business from, or compete with the Chart Group for the business of,
     any customer of the Chart Group by whatever method or (b) operate, control,
     advise, be employed and/or engaged by, perform any consulting services for,
     invest in, or otherwise become associated with any person, company or other
     entity (other than the purchase of no more than 2% of the publicly traded
     securities of a company whose securities are traded on a national stock
     exchange) who or which, at any time during the Noncompetition Period, is or

<PAGE>

     may be in competition with, or engaged in the same or similar conduct,
     activities, or business as the Chart Group was, such as the development of
     and the sale of cryogenic products, equipment and services in the
     geographical area in which the Chart Group maintains offices, sales agents,
     or otherwise conducts business, or where the Chart Group has customers or
     other persons or entities with whom the Chart Group had prior contacts. If
     the Employee requests the Company in writing to waive the noncompetition
     obligations of Employee under this Paragraph 3 with respect to Employee's
     proposed employment with a specified competitor or potential competitor of
     the Chart Group, the Company agrees not to withhold its consent to
     Employee's being so employed if such employment (including the scope of the
     activities in which Employee proposes to engage) were not likely to be
     adverse to the economic or other business interests of the Chart Group,
     provided, however, that Employee shall not be entitled to request to be
     employed by Taylor-Wharton (or its successor) or any parent, subsidiary or
     affiliate of Taylor-Wharton (or its successor).

4.   Workforce Protection. Employee will not, during the fifteen (15) month
     period commencing on the date of his cessation of employment with the
     Company, directly or indirectly hire any of the Chart Group's employees, or
     solicit any of the Chart Group's employees for the purpose of hiring them
     or inducing them to leave their employment with the Chart Group, nor will
     Employee own, manage, operate, join, control, consult with, participate in
     the ownership, management, operation or control of, be employed by, or be
     connected in any manner with any person or entity which engages in the
     conduct proscribed by this paragraph during such fifteen (15) month period.

5.   Severability. In the event that any of the provisions of this Attachment B
     shall be found by a court of competent jurisdiction to be invalid or
     unenforceable as written as a matter of law, the Parties hereto agree that
     such court may exercise its discretion in reforming such provision(s) to
     the end that Employee shall be subject to a covenant that is reasonable
     under the circumstances and enforceable by the Company.

6.   Acknowledgment. Employee specifically acknowledges that the covenants set
     forth herein are reasonable, appropriate, and necessary as to duration,
     scope, and geographic area in view of the nature of the relationship
     between Employee and the Company and the investment by the Company of
     significant time and resources in the training, development, and employment
     of Employee. Employee warrants and represents that Employee is able to
     engage in other activities for the purpose of earning a livelihood.

<PAGE>

                  Employee further acknowledges that the remedy at law for any
breach of this covenant, including monetary damages to which the Company may be
entitled, will be inadequate and that the Company, its successors and/or
assigns, shall be entitled to injunctive relief against any breach without bond.
Such injunctive relief shall not be exclusive, but shall be in addition to any
other rights or remedies, which the Company may have for any such breach.

Dated this 4th day of September, 2002.

                                /s/ James R. Sadowski
                                ------------------------------------------------
                                EMPLOYEE

                                CHART INDUSTRIES, INC.

                                By:      /s/ Mark Ludwig
                                         -----------------------------------
                                Title:   Corporate Director, Human Resources
                                         -----------------------------------<PAGE>

                                                                    EXHIBIT 10.3
                                                                  EXECUTION COPY

                              EMPLOYMENT AGREEMENT

                  This Employment Agreement (this "Agreement") is made as of
July 1, 2002 by and between CHART INDUSTRIES, INC., a Delaware corporation (the
"Company"), and G. JAN F. VAN GLABBEEK ("Executive").

                  WHEREAS, the Company desires to employ Executive in the
position of Vice President - Strategic Development of the Company, and the
Executive desires to accept such employment, on the terms and subject to the
conditions hereinafter set forth; and

                  WHEREAS, Executive is being employed hereunder to assist the
Company in developing and executing the plans of the Company for operational
reorganization, restructuring and asset divestiture (the "Assignment") and the
Assignment is temporary in nature, it being understood that Executive's
employment will cease after the Assignment has been substantially completed.

                  NOW, THEREFORE, in consideration of the respective covenants
and agreements of the parties herein contained, the Company and Executive agree
as follows:

                  1.  Term of Employment. The Company hereby agrees to employ
Executive, and Executive hereby agrees to serve the Company, on the terms and
conditions set forth herein for the period (the "Employment Period") commencing
as of June 3, 2002 and expiring on the earlier of (a) July 15, 2005, the date of
Executive's 65th birthday, or (b) the 30th calendar day after the Company has
given to Executive written notice that the Board of Directors of the Company has
determined in good faith that the Assignment has been substantially completed,
but in no event will the Employment Period expire before December 31, 2003 under
this Section 1(b). The Employment Period may be extended upon mutual agreement
in writing signed by Executive and an officer of the Company specifically
designated by the Board of Directors of the Company to execute such writing. In
any case, the Employment Period may be terminated earlier under the terms and
conditions set forth herein.

                  2.  Position and Duties. During the Employment Period,
Executive shall serve as Vice President - Strategic Development of the Company
and report to the Chief Executive Officer of the Company. Executive shall have
responsibility for developing and executing the plans of the Company for
operational reorganization, restructuring, asset divestiture and other special
projects identified by the Company, and the performance of such other executive
services and duties as shall be reasonably assigned to and requested of him by,
and subject to the direction and supervision of, the Chief Executive Officer or
the Board of Directors of the Company. Executive shall devote substantially all
his working time and efforts to the business and affairs of the Company and
serve the Company in its business and perform his duties to the best of his
ability.

                  3.  Compensation.

                  (a) Salary. During the Employment Period, Executive shall
receive a base salary at the rate of Two Hundred Fifty Thousand Dollars
($250,000) per year (the "Base Salary Amount"). Executive's salary shall be
reviewed on an annual basis by the Board of Directors of

<PAGE>

the Company or any authorized Committee thereof. Executive's salary may be
adjusted based upon such annual review, although any such adjustment shall be at
the sole discretion of the Board of Directors or any authorized Committee
thereof. Notwithstanding the foregoing, in no event shall Executive's salary be
adjusted below the Base Salary Amount. Such salary shall be payable in bi-weekly
installments or otherwise in accordance with the normal policies of the Company
for payment of corporate officers.

                  (b) Benefits. During the Employment Period, Executive shall be
eligible to participate in any employee benefits plans which are maintained or
established by the Company for its corporate officers, subject, however, to all
of the terms and conditions thereof, including any eligibility requirements
therefor, including: (i) medical, dental and vision insurance coverage; (ii)
life insurance coverage; (iii) 401(k) Retirement Plan; (iv) four weeks of paid
vacation annually (three weeks in 2002 and prorated proportionately in any other
year in which Executive is employed by the Company for less than the full year)
to be taken at such time or times as are chosen by Executive; and (v) the use of
a leased automobile (including insurance).

                  (c) Incentive Plan and Option Plan. During the Employment
Period, Executive also shall be eligible to participate in the following,
subject to all of the terms and conditions thereof including any eligibility
requirements therefor: (i) the Management Incentive Compensation Plan or any
successor plan (the "Incentive Plan"); and (ii) any stock option plan of the
Company in which the Company's corporate officers generally are eligible to
participate (the "Option Plan"). Payment under the Incentive Plan shall be
determined by, and awarded in the sole discretion of, the Board of Directors of
the Company or any authorized Committee thereof and shall be dependent upon the
Company's financial performance and Executive's performance toward established
goals. Executive's annual bonus potential under the Incentive Plan shall be up
to 100% of Executive's Base Salary Amount but there shall be no guaranteed
awards, except that solely for fiscal year 2002 Executive's bonus award under
the Incentive Plan shall be not less than Fifty Thousand Dollars ($50,000). On
an annual basis, the Board of Directors of the Company or any authorized
Committee thereof may in its sole discretion grant Executive options to purchase
common stock of the Company under the Option Plan in addition to any option
previously granted to Executive.

                  (d) Expenses. The Company shall reimburse Executive for
reasonable expenses incurred by him on behalf of the Company in the performance
of his duties during the Employment Period. Executive shall furnish the Company
with such documentation as is requested by the Company in order for it to comply
with the Internal Revenue Code of 1986, as amended, and regulations thereunder
in connection with the proper deduction of such expenses.

                  4.  Termination of Employment.

                  (a) Events of Termination. The Employment Period shall
terminate immediately upon the occurrence of any of the following events: (i)
expiration of the Employment Period under Section 1(a) or 1(b); (ii) the death
of Executive; (iii) the expiration of the 30th calendar day (the "Disability
Effective Date") after the Company gives Executive written notice of its
election to terminate Executive's employment upon the Disability of Executive,
if before the expiration of such 30-day period Executive has not returned to the

                                        2

<PAGE>

performance of his duties hereunder on a full-time basis; (iv) voluntary
termination by Executive of his employment with the Company without Good Reason,
a right reserved to Executive hereunder; (v) the Company's discharge of
Executive for Good Cause; (vi) the Company's discharge of Executive at any time
without Good Cause, for any reason or no reason; or (vii) voluntary termination
by Executive of his employment with the Company for Good Reason. Section 5 sets
forth the benefits to which Executive is entitled, if any, upon termination of
Executive's employment upon the occurrence of one of the foregoing events.

                  (b) Notice of Termination. Any termination by the Company for
Good Cause, or by Executive for Good Reason, shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 10. For
purposes of this Agreement, a "Notice of Termination" means a written notice
which (i) indicates the specific termination provision in this Agreement relied
upon, (ii) sets forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of Executive's employment under the provision
so indicated and (iii) specifies the Date of Termination (as defined below). The
failure by Executive or the Company to set forth in the Notice of Termination
any fact or circumstance which contributes to a showing of Good Reason or Good
Cause shall not waive any right of Executive or the Company, respectively,
hereunder or preclude Executive or the Company, respectively, from asserting
such fact or circumstance in enforcing Executive's or the Company's rights
hereunder.

                  (c) Date of Termination. "Date of Termination" means (i) if
Executive's employment is terminated by the Company for Good Cause, or by
Executive for Good Reason, the date of termination of employment that is set
forth in the Notice of Termination (which shall not be earlier than the date on
which such notice is given), (ii) if Executive's employment is terminated by the
Company other than for Good Cause or Disability, or Executive resigns without
Good Reason, the date on which the Company or Executive notifies Executive or
the Company, respectively, of such termination, or such later date as may be
specified by the terminating party in such notice, and (iii) if Executive's
employment is terminated by reason of death, Disability or expiration of the
Employment Period under Section 1(a) or 1(b), the date of death of Executive,
the Disability Effective Date or the date of expiration of the Employment Period
under Section 1(a) or 1(b), as the case may be.

                  5.  Obligations of the Company upon Termination.

                  (a) Discharge Without Good Cause or Resignation for Good
Reason. If, during the Employment Period,

         (x) the Company terminates Executive's employment under Section 4(a)
         (vi) without Good Cause, or

         (y) Executive terminates his employment under Section 4(a)(vii) for
         Good Reason,

then, in lieu of further base salary or bonus payments, the Company shall pay to
Executive in a lump sum in cash within 30 calendar days after the Date of
Termination an amount equal to the sum of:

                                        3

<PAGE>

                           (i)  the sum of (A) Executive's annual base salary at
         the rate then in effect through the Date of Termination to the extent
         not previously paid, (B) Executive's Earned Bonus Amount for the
         calendar year in which the Date of Termination occurs (the "Current
         Year") to the extent not previously paid and (C) any cash bonus under
         the Incentive Plan determined and awarded to Executive under Section
         3(c) before the Date of Termination for the calendar year before the
         Current Year to the extent not previously paid (the sum of (A), (B) and
         (C) is referred to herein as the "Accrued Obligations"); and

                           (ii) the product of (A) the lesser of (1) the number
         of months (including fractions thereof) remaining from the Date of
         Termination until Executive's 65th birthday or (2) six (such applicable
         number of months after the Date of Termination hereinafter referred to
         as the "Section 5(a) Continuation Period") and (B) one-twelfth (1/12th)
         of Executive's annual base salary at the rate then in effect.

Executive shall not be entitled to any payment under this Section 5(a) if
Executive is entitled to the benefits of Section 5(b).

                  (b)      Discharge Without Good Cause or Resignation for Good
Reason After a Change in Control. If a Change in Control occurs during the
Employment Period, and during the Employment Period

         (x) the Company terminates Executive's employment under Section
         4(a)(vi) without Good Cause after such Change in Control (or after the
         Company or any Significant Stockholder has entered into a definitive
         agreement with a third party resulting in such Change in Control), or

         (y) Executive terminates his employment under Section 4(a)(vii) for
         Good Reason after such Change in Control,

then, in lieu of further base salary or bonus payments and in lieu of any
payment under Section 5(a), the Company shall pay to Executive in a lump sum in
cash within 30 calendar days after the Date of Termination an amount equal to
the sum of:

                           (i)  the Accrued Obligations; and

                           (ii) the product of (A) the lesser of (1) the number
         of months (including fractions thereof) remaining from the Date of
         Termination until Executive's 65th birthday or (2) twelve (such
         applicable number of months after the Date of Termination hereinafter
         referred to as the "Section 5(b) Continuation Period") and (B)
         one-twelfth (1/12th) of Executive's annual base salary at the rate then
         in effect.

                  (c)      Additional Provisions Concerning Discharge Without
Good Cause or Resignation for Good Reason. If, during the Employment Period, the
Company terminates Executive's employment under Section 4(a)(vi) without Good
Cause or Executive terminates his employment under Section 4(a)(vii) for Good
Reason, then this Section 5(c) shall apply. As used in this Section 5(c), the
"Applicable Continuation Period" shall mean the Section 5(a) Continuation Period
if Executive is entitled to the benefits of Section 5(a) or the Section 5(b)
Continuation Period if Executive is entitled to the benefits of Section 5(b). In
no case shall Executive be entitled to the benefits of both Sections 5(a) and
5(b).

                                        4

<PAGE>

                    (i)   For purposes of Section 5(a) or 5(b), as applicable,
any amounts of compensation deferred by Executive under a deferral plan of the
Company or any of its affiliates shall be deemed to have been paid on the date
of deferral, and all such deferred amounts shall be payable as governed by the
terms of the applicable deferral plan.

                    (ii)  For the duration of the Applicable Continuation
Period, Executive shall be eligible to participate in the employee benefits
plans referred to in Sections 3(b)(i) and (ii) as if he were still employed by
the Company, to the extent and at the level of Executive's participation
thereunder immediately prior to the Date of Termination, but all Company
contributions or payments under any such employee benefit plans shall be subject
to Executive's fulfillment of his contribution requirements thereunder, and
Company provision of the benefits listed in Sections 3(b)(i) and (ii) shall
cease if Executive obtains such coverage, if any, from another employer during
the Applicable Continuation Period.

                    (iii) Executive shall be entitled to receive any other
benefits provided for in Sections 3(b) and 3(c) which have accrued up to and
including the Date of Termination (including payment at Executive's then-current
base salary rate for any unused vacation time accrued during the Current Year),
to the extent not otherwise provided by this Section 5 but subject to the terms
and conditions of the benefit plans referenced in Sections 3(b) and 3(c), and
reimbursement of reasonable expenses incurred up to and including the Date of
Termination under the terms of Section 3(d).

                (d) Death or Disability; Discharge for Good Cause; Resignation
Without Good Reason. Executive shall be entitled to the severance benefits
specified in this Section 5(d) if, during the Employment Period, Executive's
employment with the Company (i) terminates under Section 4(a)(ii) as a result of
Executive's death or under Section 4(a)(iii) as a result of Executive's
Disability, (ii) is terminated under Section 4(a)(v) by the Company for Good
Cause, or (iii) is terminated by Executive on a voluntary basis under Section
4(a)(iv) without Good Reason. In any such case, Executive shall be entitled to
payment of base salary only for the remainder of the month in which such
termination occurs and thereafter such salary shall end and cease to be payable.
In addition, in any such case, Executive shall be entitled to receive any
benefits provided for in Sections 3(b) and 3(c) which have accrued up to and
including the Date of Termination, subject to the terms and conditions of the
benefit plans referenced in Sections 3(b) and 3(c), and reimbursement of
reasonable expenses incurred up to and including the Date of Termination under
the terms of Section 3(d).

                (e) Expiration of the Employment Period. If Executive's
employment with the Company terminates under Section 4(a)(i) in connection with
the expiration of the Employment Period under Section 1(a) or 1(b), Executive
shall be entitled to (i) payment of base salary only through the Date of
Termination, and thereafter such salary shall end and cease to be payable, (ii)
receive, subject to the terms and conditions of the benefit plans referenced in
Sections 3(b) and 3(c), any benefits provided for in Sections 3(b) and 3(c)
which have accrued up to and including the Date of Termination, and (iii)
reimbursement of reasonable expenses incurred up to and including the Date of
Termination under the terms of Section 3(d).

                 6. Full  Settlement.  The Company's obligation to make the
payments provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be

                                        5

<PAGE>

affected by any set-off, counterclaim, recoupment, defense or other claim, right
or action which the Company may have against Executive or others. In no event
shall Executive be obligated to seek other employment or take any other action
by way of mitigation of the amounts payable to Executive under any of the
provisions of this Agreement.

                  7.  Indemnification. The Company shall indemnify Executive and
his representatives, successors and estate against claims arising in connection
with Executive's status as an officer, employee or agent of the Company, in
accordance with the Company's Certificate of Incorporation, By-Laws and policies
for its executive officers, subject to applicable law.

                  8.  Restrictive Covenants.

                  (a) Non-Competition. During the Employment Period and until
the end of the Post-Termination Covered Period, Executive shall not, directly or
indirectly, own, manage, operate, control or participate in the ownership,
management, operation or control of, or be connected as an officer, employee,
partner or director with, or have any financial interest in, any business which
is in substantial competition with any business conducted by the Chart Group, in
any area where such business is being conducted at the time of such termination
of employment. Ownership of 5% or less of the voting stock of any corporation
which is required to file periodic reports with the Securities and Exchange
Commission under the Exchange Act shall not constitute a violation hereof. As
used herein, the "Post-Termination Covered Period" shall mean a period of time
commencing on the Date of Termination and ending on the first anniversary of the
Date of Termination, except that if Executive's employment terminates under
circumstances in which he is entitled to a payment under Section 5(a) (but not
entitled to a payment under Section 5(b)), then such period instead shall end
six months after the Date of Termination.

                  (b) Non-Solicitation. Executive shall not directly or
indirectly, at any time during the Employment Period and until the end of the
Post-Termination Covered Period, solicit or induce or attempt to solicit or
induce any customer, employee or sales representative of the Chart Group to
terminate his, her or its customer, employment, or representation relationship
with the Chart Group or in any way directly or indirectly interfere with such a
relationship.

                  (c) Confidentiality. Executive shall keep in strict
confidence, and shall not, directly or indirectly, at any time during the
Employment Period and for one year after the Date of Termination, disclose,
furnish, publish, disseminate, make available or, except in the course of
performing his duties of employment hereunder, use any Confidential Information.
Executive specifically acknowledges that all Confidential Information, in
whatever media or form maintained and whether compiled by the Chart Group or
Executive, derives independent economic value from not being readily known to or
ascertainable by proper means by others who can obtain economic value from its
disclosure or use, that reasonable efforts have been made by the Chart Group to
maintain the secrecy of such information, that such information is the sole
property of the Chart Group and that any disclosure or use of such information
by Executive during the Employment Period (except in the course of performing
his duties and obligations hereunder) or within one year after the Date of
Termination shall constitute a misappropriation of the Chart Group's trade
secrets. Notwithstanding the foregoing, Executive shall not be

                                        6

<PAGE>

prohibited from disclosing Confidential Information to the extent that he is
required to do so by or under applicable law.

                  9.  Binding Agreement; Successors. This Agreement shall inure
to the benefit of and be binding upon Executive's personal or legal
representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees. If Executive should die while any amounts would still be
payable to him hereunder, all such amounts, unless otherwise provided herein,
shall be paid in accordance with this Agreement to the person, persons, entity
or entities as Executive shall have designated, in a writing in form of Exhibit
1 attached hereto or otherwise satisfactory to the Company, and filed with the
Secretary of the Company. Executive shall be free to amend, alter or change such
designation, provided, however, that any such amendment, alteration or change
shall be made by a writing in form of Exhibit 1 attached hereto or otherwise
satisfactory to the Company and shall be filed with the Secretary of the
Company. In the event there is no beneficiary designated pursuant to this
Section 9 or such designation is not effective for the amounts payable on behalf
of Executive under this Agreement, or if no such beneficiary shall survive
Executive, then such amounts shall be paid to Executive's spouse, if his spouse
survives him, or if his spouse does not survive him, to the executor or
administrator of his estate for distribution as part of his estate. This
Agreement shall inure to the benefit of and be binding upon the successors and
assigns of the Company, including, without limitation, any person acquiring
directly or indirectly all or substantially all of the assets of the Company,
whether by merger, consolidation, sale or otherwise (and such successor shall
thereafter be deemed the "Company" for the purposes of this Agreement). The
Company shall require any such successor to assume and agree to perform this
Agreement.

                  10. Notice. All notices, requests and other communications
under this Agreement shall be in writing and shall be deemed to have been duly
given (a) when hand delivered, (b) one business day after being sent by
recognized overnight delivery service, or (c) three business days after being
sent by registered or certified mail, return receipt requested, postage prepaid,
and in each case addressed as follows (or addressed as otherwise specified by
notice under this Section):

                      (i)      If to the Company, to:

                               Chart Industries, Inc.
                               5885 Landerbrook Drive
                               Suite 150
                               Cleveland, Ohio  44124
                               Attention:  General Counsel

                               With a copy to:

                               Calfee, Halter & Griswold LLP
                               1400 McDonald Investment Center
                               800 Superior Avenue
                               Cleveland, Ohio  44114
                               Attention:  Thomas F. McKee

                                        7

<PAGE>

                      (ii)      If to Executive, to:

                                G. Jan F. Van Glabbeek
                                6375 Lacey Road
                                Bellevue, Michigan  49021

                                With a copy to:

                                Chriszt McGarry Co., LPA
                                Cort Shoe Building, 4th Floor
                                1265 West 6th Street
                                Cleveland, Ohio  44113
                                Attention:  James R. Chriszt

                  11. Withholding.  The Company may withhold from any amounts
payable under or in connection with this Agreement all federal, state, local and
other taxes as may be required to be withheld by the Company under applicable
law or governmental regulation or ruling.

                  12. Amendments; Waivers. No provision of this Agreement may be
modified, waived or discharged unless such waiver, modification or discharge is
agreed to in writing, and is signed by Executive and an officer of the Company
specifically designated by the Board of Directors of the Company to execute such
writing. No waiver by either party hereto at any time of any breach by the other
party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time.

                  13. Jurisdiction. The validity, interpretation, construction
and performance of this Agreement shall be governed by the laws of the State of
Ohio, without giving effect to the conflict of law principles of such State.
Executive and the Company each agree that the state and federal courts located
in the State of Ohio shall have jurisdiction in any action, suit or proceeding
against Executive or the Company based on or arising out of this Agreement and
each of Executive and the Company hereby (a) submits to the personal
jurisdiction of such courts, (b) consents to service of process in connection
with any such action, suit or proceeding and (c) waives any other requirement
(whether imposed by statute, rule of court or otherwise) with respect to
personal jurisdiction, venue or service of process.

                  14. Equitable Relief. Executive and the Company acknowledge
and agree that the covenants contained in Section 8 are of a special nature and
that any breach, violation or evasion by Executive of the terms of Section 8
shall result in immediate and irreparable injury and harm to the Company, for
which there is no adequate remedy at law, and shall cause damage to the Company
in amounts difficult to ascertain. Accordingly, the Company shall be entitled to
the remedy of injunction, as well as to all other legal or equitable remedies to
which the Company may be entitled (including, without limitation, the right to
seek monetary damages), for any breach, violation or evasion by Executive of the
terms of Section 8.

                  15. Validity.  The invalidity or unenforceability of any
provision or provisions of this Agreement shall not affect the validity or
enforceability of any other provision of this

                                        8

<PAGE>

Agreement, which shall remain in full force and effect. In the event that any
provision of Section 8 is found by a court of competent jurisdiction to be
invalid or unenforceable as against public policy, such court shall exercise its
discretion in reforming such provision to the end that Executive shall be
subject to such restrictions and obligations as are reasonable under the
circumstances and enforceable by the Company.

                    16.  Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument.

                    17.  Headings; Definitions. The headings contained herein
are for reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement. Certain capitalized terms used in this
Agreement are defined on Schedule A attached hereto.

                    18.  No Assignment. This Agreement may not be assigned by
either party without the prior written consent of the other party, except as
provided in Section 9.

                    19.  Entire Agreement. This Agreement contains the entire
agreement between the parties with respect to the employment of Executive and
supersedes any and all other agreements, either oral or in writing, with respect
to the employment of Executive.

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

                                CHART INDUSTRIES, INC.

                                By: /s/ Arthur S. Holmes
                                    --------------------------------------------
                                    Arthur S. Holmes
                                    Chairman and Chief Executive Officer

                                /s/ G. Jan F. van Glabbeek
                                ------------------------------------------------
                                G. JAN F. VAN GLABBEEK
                                ("Executive")

                                        9

<PAGE>

                                   Schedule A
                              Certain Definitions

         As used in this Agreement, the following capitalized terms shall have
the following meanings:

         "Change in Control" shall mean the occurrence at any time of any of the
         following events:

                           (a) The Company is merged or consolidated or
         reorganized into or with another corporation or other legal person or
         entity, other than a Related Person, and as a result of such merger,
         consolidation or reorganization less than 60% of the combined voting
         power of the then-outstanding securities of such corporation, person or
         entity immediately after such transaction is held in the aggregate by
         the holders of Voting Stock immediately prior to such transaction;

                           (b) The Company sells or otherwise transfers all or
         substantially all of its assets to any other corporation or other legal
         person or entity, other than a Related Person, and less than 60% of the
         combined voting power of the then-outstanding securities of such
         corporation, person or entity immediately after such sale or transfer
         is held in the aggregate by the holders of Voting Stock immediately
         prior to such sale or transfer;

                           (c) There is a report filed on Schedule 13D or
         Schedule TO (or any successor schedule, form or report), each as
         promulgated pursuant to the Exchange Act, disclosing that any person
         (as the term "person" is used in Section 13(d)(3) or Section 14(d)(2)
         of the Exchange Act) other than a Related Person has become the
         beneficial owner (as the term "beneficial owner" is defined under Rule
         l3d-3 or any successor rule or regulation promulgated under the
         Exchange Act) of securities representing 40% or more of the Voting
         Power;

                           (d) The Company files a report or proxy statement
         with the Securities and Exchange Commission pursuant to the Exchange
         Act disclosing in response to Form 8-K or Schedule 14A (or any
         successor schedule, form or report or item therein) that a change in
         control of the Company has or may have occurred or shall or may occur
         in the future pursuant to any then-existing contract or transaction
         other than a contract or transaction with a Related Person; or

                           (e) If during any period of two consecutive years,
         individuals, who at the beginning of any such period, constitute the
         Directors cease for any reason to constitute at least a majority
         thereof, unless the nomination for election by the Company's
         shareholders of each new Director was approved by a vote of at least a
         majority of the Directors then in office who were Directors at the
         beginning of any such period.

                           Notwithstanding the foregoing provisions of
         paragraphs (c) and (d) of this definition, a "Change in Control" shall
         not be deemed to have occurred for purposes of this Agreement (i)
         solely because (A) the Company, (B) a Related Person, (C) a Subsidiary,
         or (D) any Company-sponsored employee stock ownership plan or other
         employee benefit plan of the Company or any Subsidiary, or any entity
         holding shares of Voting Stock for or pursuant to the terms of any such
         plan, either files or becomes

<PAGE>

          obligated to file a report or proxy statement under or in response to
          Schedule 13D, Schedule TO, Form 8-K or Schedule 14A (or any successor
          schedule, form or report or item therein) under the Exchange Act,
          disclosing beneficial ownership by it of shares of Voting Stock or
          because the Company reports that a change in control of the Company
          has or may have occurred or shall or may occur in the future by reason
          of such beneficial ownership, (ii) solely because the Company or any
          other person, group or entity directly involved in the restructuring
          of the Company's capital and debt arrangements related to the
          Company's Credit Agreement, dated as of April 12, 1999, as amended,
          either files or becomes obligated to file a report on Schedule 13D,
          Schedule TO, Form 8-K or Schedule 14A (or any successor schedule, form
          or report) under the Exchange Act, disclosing beneficial ownership by
          it of shares of Voting Stock acquired from the Company in connection
          with such restructuring or because the Company reports that a change
          in control of the Company has or may have occurred or shall or may
          occur in the future by reason of such transaction, but only if both
          (A) the transaction giving rise to such filing or obligation is
          approved in advance of consummation thereof by the Company's Board of
          Directors and (B) at least a majority of the Voting Power immediately
          after such transaction is held in the aggregate by the holders of
          Voting Stock immediately prior to such transaction, or (iii) solely
          because of a change in control of any Subsidiary.

          "Chart Group" means, collectively, the Company and each group,
          division and Subsidiary of the Company.

         "Confidential Information" means confidential business information of
         the Chart Group and its customers and vendors, without limitation as to
         when or how Executive may have acquired such information. Such
         Confidential Information shall include, without limitation, the Chart
         Group's manufacturing, selling and servicing methods and business
         techniques, customer, vendor and product information, product
         development plans, internal financial statements, sales and
         distribution information, business plans and opportunities, corporate
         alliances, processes and techniques, and other information concerning
         the Chart Group's actual or anticipated business or products, or which
         is received in confidence by or for the Chart Group from any other
         person.

         "Director" means a member of the Board of Directors of the Company.

         "Disability" means the inability of Executive for a continuous period
         of three months to perform the essential functions of his position
         hereunder on an active full-time basis with or without reasonable
         accommodations by reason of a disability condition. A certificate from
         a physician acceptable to both the Company and Executive to the effect
         that Executive is or has been disabled and incapable of performing the
         essential functions of his position with or without reasonable
         accommodations for the Company as previously performed shall be
         conclusive of the fact that Executive is incapable of performing such
         services and is, or has been, disabled for the purposes of this
         Agreement. The Company and Executive acknowledge and agree that the
         essential functions of Executive's position are unique and critical to
         the Company and that a disability condition that causes Executive to be
         unable to perform the essential functions of his position under the
         circumstances described above shall constitute an undue hardship on the
         Company.

                                       A-2

<PAGE>

         "Earned Bonus Amount" means an amount equal to the product of (a) the
         Achieved Target Bonus and (b) a fraction, the numerator of which is the
         number of days in the Current Year through the Date of Termination, and
         the denominator of which is 365; provided, however, that if the Date of
         Termination occurs on or before December 31, 2002, then the Earned
         Bonus Amount instead shall mean $50,000. As used herein, "Achieved
         Target Bonus" means an amount equal to the portion of Executive's
         target cash bonus for the Current Year under the Incentive Plan
         achieved by Executive based upon the Company's financial performance
         and Executive's performance (through the Date of Termination and
         assuming such performance would continue at the same level for the
         entire Current Year) toward reaching the objective goals established
         for achieving such target cash bonus, all as determined by the Board of
         Directors of the Company or any authorized Committee thereof under the
         Incentive Plan in good faith.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended,
         and the rules and regulations thereunder, as such law, rules and
         regulations may be amended from time to time.

         "Good Cause" means a determination by the Board of Directors (without
         the participation of Executive) of the Company, pursuant to the
         exercise of its business judgment, that any one of the following events
         has occurred and not been cured by Executive within 60 calendar days
         after the Company first gave Executive written notice thereof:

               (a) Executive has been indicted by a state or federal grand jury
         of committing a felony;

               (b) the Board receives proof satisfactory to it of the commission
         by Executive of theft or embezzlement from the Company, or any other
         crime against the Company;

               (c) Executive has materially breached the provisions of Section 8
         or any other material provision of this Agreement; or

               (d) Executive's failure, refusal or inability to perform his
         services and duties to the Company as set forth in Section 2, any act
         of gross negligence, corporate waste, disloyalty, or unfaithfulness to
         the Company which adversely affects the business of the Company, or
         any other act or course of conduct which could reasonably be expected
         to have an adverse affect on the business of the Company such as, by
         way of example only, intentionally causing the Company to violate
         federal, state or local environmental, labor, antitrust, or other
         similar laws, or sexual or other illegal harassment of employees.

         "Good Reason" means a determination by Executive made in good faith
         that either of the following events has occurred, without Executive's
         express written consent, and not been cured by the Company within 15
         calendar days after Executive first gave the Company written notice
         thereof: (a) a significant reduction in the nature or scope of the
         title, authority or responsibilities of Executive from those held by
         Executive upon

                                       A-3

<PAGE>

         commencement of the Employment Period; (b) a reduction in Executive's
         base salary below the Base Salary Amount.

         "Related Person" means (a) Arthur S. Holmes, (b) Charles S. Holmes, (c)
         any person, group or entity controlled directly, or indirectly through
         one or more intermediaries, by Arthur S. Holmes or Charles S. Holmes or
         both of them, and (d) any of the foregoing acting alone or in concert.

         "Significant Stockholder" means any person who is now or hereafter
         becomes the beneficial owner (as the term "beneficial owner" is defined
         under Rule l3d-3 or any successor rule or regulation promulgated under
         the Exchange Act) of securities representing 25% or more of the Voting
         Power.

         "Subsidiary" means a corporation, company or other entity (a) more than
         50% of whose outstanding shares or securities (representing the right
         to vote for the election of directors or other managing authority) are,
         or (b) which does not have outstanding shares or securities (as may be
         the case in a partnership, joint venture or unincorporated
         association), but more than 50% of whose ownership interest
         representing the right generally to make decisions for such other
         entity is, now or hereafter, owned or controlled, directly or
         indirectly, by the Company.

         "Voting Power" means, at any time, the total votes relating to the
         then-outstanding securities entitled to vote generally in the election
         of Directors.

         "Voting Stock" means, at any time, the then-outstanding securities
         entitled to vote generally in the election of Directors.

                                       A-4

<PAGE>
                                   Exhibit 1

                           DESIGNATION OF BENEFICIARY

                  As of July 1, 2002, I, the undersigned, entered into an
Employment Agreement with Chart Industries, Inc. Pursuant to Section 9 of said
Agreement, I have the right to designate the beneficiary(ies) to receive certain
payments in the event of my death. I, therefore, exercise this right and
designate ________________________________, to receive any such payments. Any
and all previous designations of beneficiary with respect to such payments made
by me are hereby revoked, and I hereby reserve the right to revoke this
designation of beneficiary under the terms described in Section 9 of said
Agreement.

                                                   _____________________________
                                                   G. Jan F. van Glabbeek

Dated:  __________________, 20___

                  Receipt of this Designation of Beneficiary is acknowledged by
the undersigned on behalf of Chart Industries, Inc.

                                             CHART INDUSTRIES, INC.

                                             By________________________________
                                               _________________

Dated:  ___________________, 20___

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