RETIREMENT AGREEMENT

EX-10.99 3 a2222980zex-10_99.htm EX-10.99

Exhibit 10.99

 

RETIREMENT AGREEMENT

 

1.                                      PARTIES.  This Retirement Agreement (“Agreement”), dated December 29, 2014, is entered between James N. Harger (“Employee”) and Clean Energy Fuels Corp. (“Company”).

 

2.                                      RETIREMENT:

 

2.1                               Company and Employee acknowledge and agree that Employee will retire from his position as Chief Marketing Officer, effective December 31, 2014.

 

2.2                               Company and Employee further acknowledge and agree that the Amended and Restated Employment Agreement dated December 31, 2008 between Employee and Company (as amended, the “Employment Agreement”) is terminated.

 

3.                                      COMPANY PROMISES.  In consideration of the agreements, covenants and promises contained in this Agreement, Company agrees as follows:

 

3.1                               Company will pay Employee the gross amount of $1,283,311.00.  Such amount shall be paid, subject to normal withholdings and as a W2 payment, pursuant to the following schedule: (i) $320,827.75 during the first fiscal quarter of 2015, (ii) $320,827.75 during the second fiscal quarter of 2015, (iii) $320,827.75 during the third fiscal quarter of 2015, and (iv) $320,827.75 during the fourth fiscal quarter of 2015.

 

3.2                               Company will pay Employee the Incentive Compensation (as defined in the Employment Agreement) payable in respect of the 2014 fiscal year, subject to normal withholdings, as a W2 payment on or before March 16, 2015.

 

4.                                      EMPLOYEE PROMISES.  In consideration for the promises contained in this Agreement, Employee agrees as follows:

 

4.1                               Employee hereby generally waives, releases and forever discharges the Company and any or all divisions, subsidiaries, officers, directors, agents, employees, affiliates and successors of the Company (hereinafter collectively the “Released Persons”), from any and all claims, causes of action, damages or costs of any type Employee may have, prior to December 31, 2014 (the “Effective Date”), against the Released Persons arising from or in any way connected with Employee’s employment relationship with Company, any actions during that relationship, Employee’s retirement or the cessation of Employee’s service as Chief Marketing Officer.  Employee understands and agrees that Employee is waiving any and all rights Employee may now have, or has ever had, to pursue against any of the Released Persons any and all remedies available to Employee under any employment-related causes of action, including without limitation, claims of wrongful discharge; breach of contract, whether oral or written, express or implied; breach of any employment agreement, including, but not limited to, the Employment Agreement; any claims for severance benefits as that term is defined in the Employment Agreement; any rights under section 5(d) of the Employment Agreement; breach of

 

1



 

any covenant of good faith and fair dealing, whether express or implied; misrepresentation; fraud; deceit; any form of negligence; violation of public policy; defamation; discrimination; personal injury; physical injury; negligent or intentional infliction of emotional distress; claims under Title VII of the Civil Rights Act of 1964, as amended; the Worker Adjustment and Retraining Notification Act; the Americans With Disabilities Act; the Federal Rehabilitation Act; the Family and Medical Leave Act; the Employee Retirement Income Security Act of 1974, as amended; the Equal Pay Act of 1963; the California Fair Employment and Housing Act; the Fair Labor Standards Act; the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq.; and any other federal, state or local laws and regulations relating to employment, conditions of employment (including wage and hour laws) and/or employment discrimination.

 

4.2                               Employee further understands and agrees that the waiver and release set forth in paragraph 4.1 applies to any and all claims, liabilities and causes of action, of every nature, kind and description, whether known or unknown, in law, equity or otherwise, which have arisen, occurred or existed at any time prior to the signing of this Agreement, including, without limitation, any and all claims, liabilities and causes of action arising out of or relating to Employee’s employment with the Company or the cessation of his service as Chief Marketing Officer.

 

4.3                               Employee acknowledges that the amount paid as consideration for this Agreement is not wages owing to Employee.

 

4.4                               Employee agrees that Company has no legal or contractual obligation to hire him at any time in the future.

 

4.5                               Other than as stated in this Agreement, Employee agrees that no promise or inducement has been offered for this Agreement.

 

4.6                               The waiver and release set forth in paragraph 4.1 applies to claims of which the Employee does not currently have knowledge and Employee specifically waives the benefit of the provisions of Section 1542 of the Civil Code of the State of California which reads as follows:

 

A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.

 

Employee agrees that he has read this Agreement, including the waiver of California Civil Code section 1542, and has had the opportunity to choose whether to consult counsel about the Agreement and specifically about the waiver of section 1542, and that he understands the Agreement and the section 1542 waiver, and so freely and knowingly enters into this Agreement, and waives his rights under said section 1542.

 

5.                                      MISCELLANEOUS.

 

5.1                               This Agreement shall be deemed to have been executed and delivered within the State of California, and the rights and obligations of the parties hereunder shall be

 

2



 

construed and enforced in accordance with, and governed by, the laws of the State of California.

 

5.2                               This Agreement is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions.  This Agreement may be amended only by an agreement in writing.

 

5.3                               This Agreement is binding upon and shall inure to the benefit of the parties hereof, their respective agents, employees, representatives, officers, directors, divisions, subsidiaries, affiliates, parent company, assigns, heirs, partners, successors in interest and shareholders.

 

5.4                               Employee agrees that he has read this Agreement and has had the opportunity to ask questions, seek counsel and time to consider the terms of the Agreement.  Employee has freely and voluntarily entered into this Agreement.

 

5.5                               ADEA RELEASE:  Employee understands and agrees that the release of claims contained in this Agreement includes any and all claims under the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). Employee represents that he is competent to enter into this Agreement and has no physical or mental impairment that has interfered with his ability to read and understand the meaning of this Agreement or its terms, and that no type of coercion has been exerted over him.  Employee understands that, by entering into this Agreement, he does not waive rights or claims that may arise after the date of his execution of this Agreement, including without limitation any rights or claims that he may have to secure enforcement of the terms and conditions of this Agreement.  Employee agrees and acknowledges that the consideration provided to him under this Agreement is in addition to anything of value to which he is already entitled.  The Company hereby advises Employee to consult with an attorney prior to executing this Agreement. Employee acknowledges that he was informed that he had at least twenty-one (21) days in which to review and consider this Agreement, as well as the information required by ADEA.  Nothing in this Agreement shall prevent Employee (or his attorneys) from (i) commencing an action or proceeding to enforce this Agreement or (ii) exercising Employee’s right under the Older Workers Benefit Protection Act of 1990 to challenge the validity of the waiver of ADEA claims in this Agreement.

 

5.6                               Employee understands that after executing this Agreement, Employee has the right to revoke it within seven (7) days after Employee’s execution of it.  Employee understands that this Agreement will not become effective and enforceable unless the seven-day revocation period passes and Employee does not revoke the Agreement in writing.  Employee understands that this Agreement may not be revoked after the seven (7) day revocation period has passed.  Employee understands that any revocation of this Agreement must be made in writing and delivered to J. Nathan Jensen, Vice President and General Counsel, Clean Energy, 4675 MacArthur Court, Suite 800, Newport Beach, CA 92660, not later than midnight on the seventh day following execution of this Agreement by Employee. If Employee revokes this Agreement under this paragraph, the Agreement shall not be effective or enforceable and Employee will not be entitled to receive the benefits described in paragraph 3.1 herein.  If Employee revokes this Agreement after receiving any of the benefits described in paragraph 3.1, Employee will, within one business day of such revocation, return

 

3



 

such benefits to Company.

 

5.7                               Should a court of competent jurisdiction enter a final judgment holding void or unenforceable any portion, word, clause, phrase, sentence or paragraph of this Agreement, such portion shall be considered independent and severable from the remainder, the validity of which shall remain unaffected.

 

5.8                               This Agreement may be signed in counterparts and said counterparts shall be treated as though signed as one document.

 

 

 

/s/ James N. Harger

 

James N. Harger

 

 

 

 

 

Clean Energy Fuels Corp.

 

 

 

 

 

/s/ Andrew J. Littlefair

 

Andrew J. Littlefair

 

President and Chief Executive Officer

 

4