2009 Base Salary Approval for Named Executive Officers of Environmental Power Corporation
Environmental Power Corporation's Compensation Committee approved the 2009 base salaries for its named executive officers, effective retroactively from May 1, 2008. The officers and their annual base salaries are: Richard E. Kessel (President and CEO) at $318,800, Michael E. Thomas (Senior Vice President, CFO, and Treasurer) at $227,700, and Dennis Haines (Vice President, General Counsel, and Secretary) at $221,000. These salaries remained unchanged for 2009.
Exhibit 10.20
2009 Base Salaries for Named Executive Officers
On June 3, 2008, retroactive to May 1, 2008, the Compensation Committee of the Board of Directors of Environmental Power Corporation (the “Company”) approved the following base salaries for each of the Company’s “named executive officers”, as defined in Item 402 of Regulation S-K. These base salaries remained the same for 2009.
| Name and Title | Base Salary | ||
| Richard E. Kessel President and Chief Executive Officer | $ | 318,800 | |
| Michael E. Thomas Senior Vice President, Chief Financial Officer and Treasurer | $ | 227,700 | |
| Dennis Haines Vice President, General Counsel and Secretary | $ | 221,000 | |
