ADDENDUM A TO EMPLOYMENT AGREEMENT
EXHIBIT 10.23
ADDENDUM A TO EMPLOYMENT AGREEMENT
This addendum is made on February 10, 2003 by and between QUANTUM Fuel Systems Technologies Worldwide, Inc. (herein QUANTUM) and Alan Niedzwiecki (herein Employee). For mutual and adequate exchange of consideration, the parties mutually agree to modify Employees Employment Agreement of August 1, 2002, as follows, effective February 10, 2003.
Section 2 of the above referenced Employment Agreement is hereby modified via incorporating the following additional language.
2.1 (a) Effective February 10, 2003, Employees base salary is increased to $320,000 per year.
/s/ | Alan Niedzwiecki | /s/ | Brian Olson | |||||
Alan Niedzwiecki | Brian Olson Chief Financial Officer | |||||||
Dated: Feb. 10, 2003 | ||||||||
QUANTUM Fuel Systems Technologies Worldwide, Inc. | ||||||||
Dated: Feb. 10, 2003 |