Addendum A to Employment Agreement between Quantum Fuel Systems Technologies Worldwide, Inc. and Brian Olson

Contract Categories: Human Resources › Employment Agreements
Summary

This addendum, dated February 10, 2003, modifies the employment agreement between Quantum Fuel Systems Technologies Worldwide, Inc. and Brian Olson. It increases Mr. Olson's base salary to $250,000 per year, effective immediately. All other terms of the original employment agreement remain unchanged.

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EX-10.24 6 dex1024.htm ADDENDUM A Addendum A

EXHIBIT 10.24

 

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 Brian Olson (herein “Employee”). For mutual and adequate exchange of consideration, the parties mutually agree to modify Employee’s Employment Agreement of September 1, 2002, as follows:

 

Section 2 of the above referenced Employment Agreement is hereby modified via incorporating the following additional language.

 

“2.1 (a) Effective February 10, 2003, Employee’s base salary is increased to $250,000 per year.”

 

 

/s/  

Brian Olson        

       /s/  

Alan Niedzwiecki

    Brian Olson          

Alan Niedzwiecki

President & CEO

    Dated:  Feb. 10, 2003            
               

QUANTUM Fuel Systems

Technologies Worldwide, Inc.

                 
                Dated:  Feb. 10, 2003