Amendment No. 3 to Employment Agreement between Chart Industries, Inc. and Michael F. Biehl

Summary

This amendment updates the employment agreement between Chart Industries, Inc. and Michael F. Biehl, effective January 1, 2013. It increases Mr. Biehl's base salary from $365,000 to $395,000 and changes his target bonus from 90% to 80% of his base salary. All other terms of the original agreement remain unchanged.

EX-10.2 3 d461253dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

CHART INDUSTRIES, INC.

AMENDMENT NO. 3

TO

EMPLOYMENT AGREEMENT

This Amendment No. 3 (the “Amendment”) to the Employment Agreement, dated February 26, 2008 and subsequently amended effective January 1, 2009 and January 1, 2012 (the “Agreement”), by and between Chart Industries, Inc. (the “Company”) and Michael F. Biehl (“Executive”), is effective January 1, 2013.

WITNESSETH:

WHEREAS, the Company and the Executive desire to amend the Agreement; and

WHEREAS, the parties reserved the right to amend the Agreement pursuant to Section 13.c thereof.

NOW, THEREFORE, pursuant to Section 13.c of the Agreement, and effective as of January 1, 2013, the parties hereby amend the Agreement as follows:

1. In Section 3 of the Agreement, delete the dollar amount “$365,000” and replace with “$395,000”.

2. In Section 4 of the Agreement delete the phrase “of ninety percent (90%) of the Executive’s Base Salary (with it being understood that ninety percent (90%) of the Executive’s Base Salary is the “Target”)” in its entirety and replace it with “of eighty percent (80%) of the Executive’s Base Salary (with it being understood that eighty percent (80%) of the Executive’s Base Salary is the “Target”)”.

3. Except as set forth herein, the Agreement is not modified or amended hereby.

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment.

 

CHART INDUSTRIES, INC.

(“Company”)

     

MICHAEL F. BIEHL

(“Executive”)

By:

   /s/ Samuel F. Thomas       /s/ Michael F. Biehl
  

 

     

 

Name:

   Samuel F. Thomas      

Title:

   Chairman, Chief Executive Officer and President