SEC Contract Filing

Filing Date: 2017-07-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>3
<FILENAME>terraform-123116xexhibit1044.htm
<DESCRIPTION>EXHIBIT 10.44
<TEXT>
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<div><a name="sCBA4113A57115C09F30F624D0454CD9C"></a></div><div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Exhibit 10.44</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">CONFIDENTIAL</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:left;padding-left:432px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">April 7, 2016</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Ms. Rebecca Cranna</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Executive Vice President and</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Chief Financial Officer</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">TerraForm Power, Inc. and</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">TerraForm Global, Inc.</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">7550 Wisconsin Avenue, 9</font><font style="font-family:inherit;font-size:11.5pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup></font><font style="font-family:inherit;font-size:11.5pt;">&#32;Floor</font></div><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">Bethesda, Maryland 20814</font></div><table cellpadding="0" cellspacing="0" style="padding-top:32px;padding-bottom:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:138%;font-size:11.5pt;padding-left:48px;"><font style="font-family:inherit;font-size:11.5pt;">Re:</font></div></td><td style="vertical-align:top;"><div style="line-height:138%;text-align:left;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;text-decoration:underline;">Retention Award</font></div></td></tr></table><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dear Ms. Cranna:</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;">TerraForm Power, Inc. (&#8220;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">TerraForm</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;) has selected you to receive a special retention award to encourage you to remain employed by SunEdison, Inc. (&#8220;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">SunEdison</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;) through March 31, 2017.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:138%;font-size:11.5pt;padding-left:0px;"><font style="font-family:inherit;font-size:11.5pt;color:#010000;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:138%;text-align:justify;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">Your Retention Award</font></div></td></tr></table><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:72px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#010000;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">The Amount of Your Award</font><font style="font-family:inherit;font-size:11.5pt;">. Subject to the terms and conditions set forth below, you will receive a cash retention award of $299,362.00 (your &#8220;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">Retention Award</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;).</font></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;text-indent:72px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#010000;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">Vesting and Forfeiture</font><font style="font-family:inherit;font-size:11.5pt;">. A third of your Retention Award will vest on May 31, 2016, a third will vest on September 30, 2016 and the remaining third will vest on March 31, 2017 (each of May 31, 2016, September 30, 2016 and March 31, 2017 a &#8220;</font><font style="font-family:inherit;font-size:11.5pt;font-style:italic;">Vesting Date</font><font style="font-family:inherit;font-size:11.5pt;">&#8221;). To receive the relevant third of your Retention Award, you must be employed by SunEdison on the applicable Vesting Date.</font></div>