SEC Contract Filing

Filing Date: 2019-11-13

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex_161624.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;"><b>Exhibit 10.1</b></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">Carolyn Romero</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">Via email</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">July 22, 2019</p>

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 <p style="font-family:'Times New Roman', Times, serif;margin-right:36pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">Re:</p>
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 <p style="font-family:'Times New Roman', Times, serif;margin-right:36pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><u>Offer of Employment with </u><u>Gevo</u><u>, Inc.</u></p>
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Dear Carolyn:</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">We are very pleased to extend to you an offer of employment with Gevo, Inc., which is estimated to begin on July 23, 2019. The terms of our offer are as follows:</p>

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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin: 0pt; text-align: justify; font-size: 10pt;">1.</p>
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 <p style="font-family:'Times New Roman', Times, serif;margin-right:36pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">&nbsp;<u>Position</u>.</p>
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">You will be employed by the Company in a regular, full-time position as Vice President &#8211; Controller and Principal Accounting Officer. Beginning on the date you join Gevo, you will be expected to devote your full working time and attention to the business of the Company, and not to work for any other business without Gevo&#8217;s approval. During the period that you render services to the Company, you agree to not engage in any employment, business or activity that is in any way competitive with the business or proposed business of Gevo. You will also be expected to comply with and be bound by the Company&#8217;s operating policies, procedures and practices that are from time to time in effect during the term of your employment.</p>

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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin: 0pt; text-align: justify; font-size: 10pt;">2.</p>
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 <p style="font-family:'Times New Roman', Times, serif;margin-right:36pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">&nbsp;<u>Salary and Benefits</u>.</p>
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Your annual salary shall be $220,000, payable in accordance with the Company&#8217;s normal payroll practices, with such payroll deductions and withholdings as are required by law. You will be eligible for an annual incentive payout in cash of up to 30% and a separate annual incentive payout in equity (stock options, RSUs etc.) of up to 30% of your annual salary which may or may not be granted at the sole discretion of the Board of Directors. To the extent that the Company provides life, health, dental