SEC Contract Filing

Filing Date: 2018-03-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>7
<FILENAME>ftek-20171231xex1028.htm
<DESCRIPTION>EXHIBIT 10.28
<TEXT>
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<div><a name="s0A60C7F2E884B4CA1DCA0C9A87C6612C"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FUEL TECH, INC.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2017 APC Officer and NSM Commission Plan</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.&#160;&#160;&#160;&#160;OBJECTIVE; EFFECTIVE DATE</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.1.&#160;&#160;&#160;&#160; </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Objective</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">.</font><font style="font-family:inherit;font-size:12pt;">&#32;This 2017 Air Pollution Control (&#8220;APC&#8221;) Officer and NSM Commission Plan (&#8220;Plan&#8221;) describes the terms upon which Fuel Tech, Inc. (&#8220;Fuel Tech&#8221;) will compensate its Senior Vice President, Sales and its National Sales Manager, Sales for the sale of products and services relating to its APC line of business for sales occurring in the United States and Canada. The objective of this Plan is to increase the revenues and profitability of Fuel Tech by providing compensation incentives to its Senior Vice President, Sales and its National Sales Manager, Sales.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.2. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">. This Plan shall be effective as of January 1, 2017 and continue in effect through December 31, 2017, subject to the terms hereof.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.&#160;&#160;&#160;&#160;DEFINITIONS</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#8220;APC Product Line&#8221;</font><font style="font-family:inherit;font-size:12pt;">&#32;&#8211; means any of the following product lines or services offered by Fuel Tech: (a) the ASCR product Line, (b) the SCR product Line, (c) the combustion modification product Line, (d) the HERT SNCR Product Line, (e) the NOxOUT&#174; SNCR Product Line, (f) the NOxOUT ULTRA&#174; Product Line, (g) Catalyst and Catalyst Services, (h) Turnkey Installation Services, (i) CFD Modeling and (j) Consulting Services.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#8220;Commission</font><font style="font-family:inherit;font-size:12pt;">&#8221; &#8212; means the commission paid to the Officer or NSM in accordance with this Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#8220;Eligible Employee</font><font style="font-family:inherit;font-size:12pt;">&#8221; &#8212; means any Fuel Tech employee eligible for participation in the 2017 APC Employee Commission Plan, as such plan may be amended in Fuel Tech&#8217;s sole discretion.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#8220;Employee Commission Plan&#8221;</font><font style="font-family:inherit;font-size:12pt;">&#32;&#8212; means the 2017 APC Employee Commission Plan, as such plan may be amended in Fuel Tech&#8217;s sole discretion.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#8220;NSM&#8221;</font><font style="font-family:inherit;font-size:12pt;">&#32;&#