FULCRUM BIOENERGY INC - FORM S-1/A - EX-10.20 - LETTER AGREEMENT WITH JAMES A.C. MCDERMOTT - March 29, 2012

Attached files

file filename
S-1/A - AMENDMENT NO. 6 TO FORM S-1 - FULCRUM BIOENERGY INCd234433ds1a.htm
EX-3.4 - FORM OF AMENDED AND RESTATED BYLAWS - FULCRUM BIOENERGY INCd234433dex34.htm
EX-4.1 - FORM OF COMMON STOCK CERTIFICATE - FULCRUM BIOENERGY INCd234433dex41.htm
EX-4.5 - FORM OF AMENDMENT TO STOCK WARRANT - FULCRUM BIOENERGY INCd234433dex45.htm
EX-1.1 - FORM OF UNDERWRITING AGREEMENT - FULCRUM BIOENERGY INCd234433dex11.htm
EX-3.2 - FORM OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - FULCRUM BIOENERGY INCd234433dex32.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - FULCRUM BIOENERGY INCd234433dex231.htm
EX-99.4 - CONSENT TO BE NAMED DIRECTOR - FULCRUM BIOENERGY INCd234433dex994.htm
EX-99.2 - CONSENT TO BE NAMED DIRECTOR - FULCRUM BIOENERGY INCd234433dex992.htm
EX-99.3 - CONSENT TO BE NAMED DIRECTOR - FULCRUM BIOENERGY INCd234433dex993.htm
EX-99.5 - CONSENT TO BE NAMED DIRECTOR - FULCRUM BIOENERGY INCd234433dex995.htm
EX-10.19 - AMENDMENT NO. 1 TO CREDIT AGREEMENT - FULCRUM BIOENERGY INCd234433dex1019.htm
EX-10.13 - 2012 EQUITY INCENTIVE PLAN - FULCRUM BIOENERGY INCd234433dex1013.htm
EX-10.22 - FORM OF SEVERANCE AND CHANGE IN CONTROL AGREEMENT FOR OTHER EXECUTIVE OFFICERS - FULCRUM BIOENERGY INCd234433dex1022.htm
EX-10.21 - FORM OF SEVERANCE AND CHANGE IN CONTROL AGREEMENT FOR CHIEF EXECUTIVE OFFICER - FULCRUM BIOENERGY INCd234433dex1021.htm

Exhibit 10.20

 

LOGO

March 28, 2012

James A. C. McDermott

Fulcrum BioEnergy, Inc.

4900 Hopyard Road, Suite 220

Pleasanton, California 94588

Dear Jim,

This letter will confirm that, effective upon completion of the initial public offering of Fulcrum BioEnergy, Inc. (the “Company”), you shall be appointed as Executive Chairman of the Company’s Board of Directors (the “Board”). In addition, for your services as Executive Chairman of the Board, you shall receive the following compensation, in lieu of the compensation set forth in the Company’s Director Compensation Policy:

 

  1. You will be entitled to receive an annual retainer of $250,000, which is equal to 50% of the current base salary of the Company’s chief executive officer, and shall be adjusted proportionately in connection with any adjustments to the base salary of the chief executive officer. The annual retainer will be payable on a semi-monthly basis on the fifteenth day and last day of each month.

 

  2. You will be entitled to receive an annual cash bonus pursuant to the Company’s Short-Term Incentive Plan, or such similar plan as may be adopted by the Board, on the same terms and conditions as the Company’s chief executive officer.

 

  3. Subject to Board approval, you will be eligible to receive equity awards pursuant to the Company’s 2012 Omnibus Equity Incentive Plan, or such similar plan as may be adopted by the Board, in an amount equal to 50% of the equity awards granted to the Company’s chief executive officer.

 

  4. You will be entitled to reimbursement from the Company for your reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board related business.

 

Very truly yours,
/s/ Nate Redmond

Nate Redmond

Compensation Committee

Board of Directors of Fulcrum BioEnergy, Inc.

Acknowledged and agreed:

/s/ James A. C. McDermott

James A. C. McDermott