Document:

exv10w75

Exhibit 10.75

FUELCELL ENERGY, INC.

3 Great Pasture Road, Danbury,

Connecticut, 06813

February 22, 2011

Joseph G. Mahler

Re: FuelCell Energy, Inc. Employment Agreement

Dear Joe:

This letter agreement (the “Letter Agreement”) is intended to supplement your employment
agreement, dated October 5, 1998 (the “Employment Agreement”), by and between you and FuelCell
Energy, Inc. (the “Company”).

In consideration of your assumption of additional responsibilities with the Company, you shall
be entitled to receive a cash bonus of $90,000 (the “Special Bonus”). The Special Bonus shall be
payable on February 8, 2012 (the “Bonus Payment Date”) and, except as otherwise provided herein,
shall be contingent upon your continued employment with the Company through the Bonus Payment Date.

If you cease to be employed by the Company as a result of the Company’s termination of your
employment without cause pursuant to Section 7.4 of the Employment Agreement or your termination of
your employment for good reason pursuant to Section 7.1 of the Employment Agreement, the Company
shall also pay you the Special Bonus.

The obligations set forth in this letter shall be in addition to, and not in lieu of, any
other obligations set forth in the Employment Agreement. Except as specifically modified by this
Letter Agreement, the Employment Agreement shall remain in full force and effect and is hereby
ratified by the parties. To the extent that this Letter Agreement conflicts with any of the
provisions of the Employment Agreement, this Letter Agreement shall control and supersede the
Employment Agreement with respect to the subject matter hereof.

This Letter Agreement may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signature thereto and hereto were upon the same
instrument.

	 	 	 	 	 	 	 
	 

	 	 	 	Sincerely,	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	FUELCELL ENERGY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Arthur Bottone
 

Arthur Bottone, Chief Executive Officer
	 	 

 

 

 

	 	 	 	 	 	 	 
	AGREED AND ACCEPTED as

of this _____th day of February, 2011:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Joseph G. Mahler
 

Joseph G. Mahlerexv10w80

Exhibit 10.80

FUELCELL ENERGY, INC.

3 Great Pasture Road

Danbury, Connecticut

February 8, 2011

Joseph G. Mahler

Dear Joe,

FuelCell Energy, Inc. (the “Company”) values and appreciates the contributions you have made and
continue to make to the progress and success of the Company.

Accordingly, the Compensation Committee of the Board of Directors of the Company has determined
that all outstanding stock options and restricted stock awards that have been granted to you as of
the date hereof shall accelerate and immediately vest upon a Change of Control (as defined below).
In addition, all future stock options and restricted stock awards granted to you by the Company
shall also accelerate and immediately vest upon a Change of Control.

For purposes of this agreement, a “Change of Control” shall be deemed to have occurred if the
transaction is of a nature that would be required to be reported in response to Item 1(a) of the
Current Report on Form 8-K, as in effect on January 1, 2003, pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 (the “Exchange Act”); provided that, without limitation, such a
“Change of Control” shall be deemed to have occurred if: (i) a third Person, including a “group” as
such term is used in Section 13(d)(3) of the Exchange Act, other than the trustee of any employee
benefit plan of the Company, becomes the beneficial owner, directly or indirectly, of 35% or more
of the combined voting power of the Company’s outstanding voting securities ordinarily having the
right to vote for the election of directors of the Company; (ii) during any period of twenty-four
(24) consecutive months individuals who, at the beginning of such consecutive twenty-four (24)
month period, constitute the Board of Directors of the Company (the “Board”) cease for any reason
(other than retirement upon reaching normal retirement age, disability, or death) to constitute at
least a majority of the Board; provided that any person becoming a director subsequent to the date
hereof whose election, or nomination for election by the Company’s shareholders, was approved by a
vote of at least three quarters of the directors comprising the Incumbent Board shall be, for
purposes of this Agreement, considered as though such person were a member of the Incumbent Board;
or (iii) the Company shall cease to be a publicly owned company having its outstanding Common Stock
listed on the New York Stock Exchange or quoted in the NASDAQ National or Small Cap Market System,
except where the delisting is related to a private purchase of the Company’s stock by a group
consisting of the Company’s current officers.

For these purposes, a “Change of Control” also shall not be deemed to have occurred where, with
respect to any transaction otherwise constituting a “Change of Control,” you are reasonably
expected to maintain your existing position as Executive Vice-President and CFO with the Company.

For these purposes, Incumbent Board means the Board as in existence twenty-four (24) months prior
to the date the action is being considered. Notwithstanding the foregoing, if the Incumbent Board
specifically determines that any transaction does not constitute a Change of Control for purposes
of this Agreement, such determination shall be conclusive and binding.

Please sign below on the enclosed copy of this letter, whereupon it will be a binding agreement
between us.

	 	 	 	 	 	 	 
	 

	 	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Darrell Bradford
 

Darrell Bradford
	 	 
	 

	 	 	 	VP Human Resources	 	 
	 
	 	 	 	 	 	 
	AGREED AND ACCEPTED:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Joseph G. Mahler
 

Joseph G. Mahlerexv10w3

Exhibit 10.3

Consulting Services Agreement

     This Consulting Services Agreement (the “Agreement”) is made and entered into as of
March 23, 2011 (the “Effective Date”) by and between Quiksilver, Inc. (“Quiksilver”), and Paul
Speaker (“Consultant”).

1. Engagement of Services. This Agreement provides the terms and conditions on which Consultant
will provide the services, functions and responsibilities described in the work order (“Work
Order”) attached hereto as Exhibit A (the “Services”). Consultant will perform the Services
designated in the Work Order. The Work Order is a part of this Agreement as if fully included
within its body. Consultant will be compensated solely in accordance with the terms contained in
the Work Order. All Services performed by Consultant under the Work Order shall be consistent in
quality with Consultant’s qualifications, expertise and training.

2. Trade Secrets and Confidential Information.

     a. Consultant, during the term of this Agreement, will have access to and become familiar with
various trade secrets and confidential information of Quiksilver and its affiliates, including
without limitation, financial, operational and development information, software and computer
programs and related source codes, object codes and documentation, employee data, processes,
know-how and customer lists that are owned or licensed by Quiksilver or its affiliates (all of such
items contained in any tangible or electronic form herein referred to as the “Confidential
Information”).

     b. Notwithstanding the foregoing, Confidential Information shall not include (i) information
which is or becomes generally available to the public other than as a result of disclosure by
Consultant, or (ii) becomes available to Consultant on a non-confidential basis from a source not
bound by an obligation of confidentiality to Quiksilver.

     c. Consultant shall not disclose any of the Confidential Information, directly or indirectly,
nor use the Confidential Information in any way, either during the term of this Agreement or at any
time thereafter, except as required in the course of Consultant’s performance of Services to
Quiksilver or as required by law. All Confidential Information contained in any files, records,
documents, drawings, specifications, equipment, and similar items relating to the business of
Quiksilver and its affiliates, whether prepared by Consultant or otherwise coming into Consultant’s
possession, shall remain the exclusive property of Quiksilver. Upon termination of this Agreement,
all Confidential Information in Consultant’s custody or control shall be immediately returned to
Quiksilver, and Consultant shall destroy all records, notes, compilations and other documentation
(on all forms of media) that in any way refer to, relate to or contain Confidential Information.

3. Intellectual Property Created during the Performance of Services.

     a. During the performance of Services, Consultant may make, develop, conceive of or reduce to
practice, either alone or with others, various works of authorship, inventions, discoveries,
developments, designs, processes, programs, know-how and the like, or other elements of
intellectual property, whether or not patentable or registrable under patent, copyright, or
trademark law (it being understood that all original works of authorship shall be “works made for
hire” under applicable copyright law), all of which are hereinafter called “Service-Related
Intellectual Property.”

     b. During the term of this Agreement, Consultant shall promptly disclose to Quiksilver any and
all Service-Related Intellectual Property. Consultant further agrees to and hereby assigns and
transfers to Quiksilver, Consultant’s entire right, title and interest in and to all
Service-Related Intellectual Property and any good will associated therewith. Consultant shall, at
Quiksilver’s request and expense, promptly execute a written assignment and such other documents
and take such other acts as reasonably necessary for Quiksilver to perfect, obtain, sustain and
enforce Quiksilver’s title to any such Service-Related Intellectual Property. Consultant shall
preserve any such Service-Related Intellectual Property as part of the Confidential Information of
Quiksilver. The parties confirm that Quiksilver grants no right, title, interest, or license
implied or otherwise to Consultant with respect to any Service-Related Intellectual Property and
all such Service-Related Intellectual Property shall be the sole property of Quiksilver.

 

 

     c. If Quiksilver is unable, after reasonable effort, to secure Consultant’s signature on any
document needed to apply for or prosecute any patent, copyright, or other right or protection for a
Service-Related Intellectual Property, Consultant hereby irrevocably designates and appoints
Quiksilver and its duly authorized officers and agents as its agent and attorney-in-fact, to act on
Consultant’s behalf to execute, verify and file any such applications and to do all other lawfully
permitted acts to further the prosecution and issuance of patents, copyrights and other rights and
protections thereon with the same legal force and effect as if executed by Consultant.

4. No Unauthorized Use of Third Party Technology or Information. Consultant represents that
Consultant has not brought and will not bring to Quiksilver or use in the performance of the
Services any confidential information, device, material, document, trade secret or the like of any
third party that is not generally available to the public. Consultant also warrants that
Consultant will not provide to Quiksilver, without the advance express written permission of
Quiksilver, any services or software which are subject in any way to third party licenses such as,
but not including, software developed by third parties, open source software or freeware.

5. Non-Solicitation Obligations. Consultant agrees that, during the term of this Agreement and for
a period ending one year after the date of termination, Consultant will not solicit to hire or
engage any employee of Quiksilver or any of its affiliates except with written permission of
Quiksilver.

6. Reserved.

7. Consultant Representations and Warranties

     a. Consultant represents and warrants (a) that there are no other agreements of any nature
with any person or entity which would prevent Consultant from entering into this Agreement, or
which requires Consultant to render services to another which are similar to those rendered to
Quiksilver, and (b) that the Consultant has made no outstanding assignments, grants, licenses,
encumbrances, obligations or agreements, either written, oral or implied, inconsistent with this
Agreement.

     b. Consultant represents and warrants that Consultant has the right and will have the right to
grant all right, title, and interest in the Service-Related Intellectual Property.

     c. Consultant represents and warrants that none of the Service-Related Intellectual Property
infringes or violates any third party rights.

8. Additional Responsibilities of Consultant. Consultant agrees, covenants, and represents that
because Consultant is an independent contractor to Quiksilver:

     a. Consultant shall be individually responsible for paying any federal, state, or local
payroll, social security, disability, workers’ compensation, self-employment insurance, income and
other taxes of assessments with respect to the Services provided hereunder. Nothing contained
herein shall constitute a partnership, joint venture, agency or employer/employee relationship
between Consultant and Quiksilver; Consultant is an independent contractor.

     b. Consultant shall indemnify, hold harmless and defend Quiksilver from, any and all costs,
liabilities, damages, attorneys’ fees, or expenses of any kind that arise out of, or are in any way
related to (i) the breach by Consultant of any representation, warranty or covenant contained in
this Agreement; or (ii) the negligence or misconduct, or acts or omissions, of Consultant while
performing, or failing to perform Consultant’s duties under this Agreement.

9. Term and Termination.

     a. This Agreement may be terminated (i) for convenience upon thirty (30) days written notice
by either party, or (ii) upon written notice by one party to the other party in the event of a
material breach by a party of any of the covenants contained herein. The non-breaching party shall
notify the other party of an alleged material breach and the breaching party shall have ten (10)
days to cure said breach. Upon any termination of this Agreement, each party shall be released
from all obligations and liabilities to the other

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occurring or arising after the date of such termination, except that any termination of this
Agreement shall not relieve either party of its obligations under Sections 2, 3, 5, and 8 hereof,
nor shall any such termination relieve either party from any liability arising from any breach of
this Agreement.

     b. If this Agreement is terminated for any reason, Consultant shall immediately make
available, for legal and physical transfer to Quiksilver, all copies or embodiments of the Service
Related Intellectual Property or other deliverables regardless of the state of completion.
Furthermore, upon termination, or at any time upon Quiksilver’s request, all Confidential
Information, all Service Related Intellectual Property and other deliverables and all
reproductions, copies and embodiments related thereto, shall also be immediately returned by
Consultant to Quiksilver. Moreover, Consultant shall cease all work hereunder.

10. General Terms.

     a. This Agreement constitutes the complete agreement between Quiksilver and Consultant with
respect to the Services, superseding any previous oral or written agreement, arrangement or
understanding between the parties. This Agreement may not be amended except by in writing signed
by both parties. This Agreement shall be governed by the laws of the State of California. The
exclusive jurisdiction for any legal proceeding regarding this Agreement shall be in the state or
federal courts of Orange County, California, and the parties expressly agree that jurisdiction and
venue are proper in said courts. Consultant acknowledges that there is no adequate remedy at law
for its failure to comply with the terms of this Agreement. Accordingly, in the event Consultant
fails to comply with these terms, Consultant acknowledges and agrees that Quiksilver shall have the
right, without prejudice to any other rights or remedies available to Quiksilver, to remedy any
breach of this Agreement through equitable relief by way of temporary restraining order or
injunction, and such other alternative relief as may be appropriate, without the necessity of
posting any bond or surety. If either party commences any legal action, suit or proceeding to
enforce or interpret this Agreement or any of the terms or provisions hereof, then in addition to
any damages or remedies that may be awarded to the prevailing party therein, the prevailing party
will be entitled to have and recover from the losing party the prevailing party’s reasonable
outside attorneys’ fees and costs incurred in connection therewith.

     b. As Quiksilver has specifically contracted for Consultant’s services, Consultant shall not
assign any of its rights or delegate or subcontract any of Consultant’s obligations under this
Agreement without the prior written consent of Quiksilver. Subject to the foregoing, this
Agreement shall inure to the benefit of the successors and assigns of Quiksilver, and shall be
binding upon Consultant’s successors and permitted assigns.

     c. Any notices required or permitted hereunder may be given to the appropriate party at the
address specified below or at such other address as the party shall specify in writing. Notices
shall be deemed effective upon receipt regardless of the method of transmittal or, if sent by
certified or registered mail, postage prepaid, to the address set forth below, three (3) days after
the date of mailing.

     d. IN NO EVENT SHALL QUIKSILVER BE LIABLE TO CONSULTANT FOR ANY SPECIAL, INDIRECT,
CONSEQUENTIAL OR PUNITIVE DAMAGES IN ANY FORUM FOR ANY CLAIM OR LOSS ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR THE WORK ORDER.

[REMAINDER OF PAGE INTENTIONALLY BLANK]

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In Witness Whereof, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	QUIKSILVER, INC.	 	 	 	PAUL SPEAKER	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Signed:

	 	 	 	 	 	Signed:	 	 	 	 
	 

	 	Print Name:	 	 	 	 	 	 	 	Print Name:	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Address:	 	15202 Graham Street	 	 	 	Address:	 	 	 	 
	 	 	Huntington Beach, CA 92649	 	 	 	 	 	 	 	 

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Exhibit A

WORK ORDER

	A.	 	Services.
	 
	 	 	Consultant will leverage existing relationships and expertise to provide services in connection
with the strategic planning and implementation of the 2011 Quiksilver Pro New York (the
“Event”). Specifically, Consultant will:

	 	•	 	provide expertise and guidance to Quiksilver’s internal Event marketing team
	 
	 	•	 	assist in the negotiation of third party corporate sponsorships in support of the Event
	 
	 	•	 	facilitate introductions to broadcast, print and digital outlets for media coverage of
the Event
	 
	 	•	 	liaise with local municipalities and other principals to secure necessary permits,
licenses, authorizations and support for the Event
	 
	 	•	 	provide oversight of Event budget items and third party consultants engaged by
Quiksilver

	B.	 	Term of Work Order. The Term of this Work Order shall commence on the Effective Date
and shall continue until October 31, 2011, or until either party gives notice of termination
as set forth in the Agreement.

C. Compensation. Consultant shall be compensated for Services as follows:

(1) Quiksilver will pay Consultant : $17,000 per month payable on the 1st of each month
commencing April 1, 2011.

(2) Any reasonable pre-approved travel, lodging and other expenses (“Expenses”) incurred by
Consultant in connection with the Services will be reimbursed by Quiksilver, provided that
Consultant provides receipts or other proper documentation verifying such Expenses.

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