Exhibit 10.51
GT Solar
International, Inc.
243 Daniel Webster Highway
Merrimack, New Hampshire 03054
EMPLOYMENT AGREEMENT AMENDMENT FOR CODE
SECTION 409A
December 30, 2008
John Tattersfield
519 Bay Road
South Easton, MA 02375
Dear Mr. Tattersfield,
This letter agreement (the “
Amendment ”) shall amend the Employment Agreement (the
“ Employment Agreement ”), dated as of
August 6, 2007, between you (the “ Executive
”) and GT Solar International, Inc. (the “
Company ”). All capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the
Employment Agreement. Except as modified by this Amendment,
the Employment Agreement shall remain in full force and effect, and
this Amendment shall not serve in any manner as a waiver or a
novation of the Executive’s duties or obligations under the
Employment Agreement; provided, that in the event that any
provision in this Amendment conflicts with the Employment Agreement
or any other agreement, policy, plan or arrangement between the
Executive and the Company, the terms of this Amendment shall
govern.
You agree and acknowledge that
notwithstanding any other provision of the Employment Agreement to
the contrary, the Employment Agreement is hereby amended as
follows:
1.
Paragraph 3(e) of the
Employment Agreement is amended as follows:
Following the phrase “ provided ,
however ,” the text “that the Executive must
remain employed by the Company until each such Anniversary Date in
order to receive each such payment; provided ,
further ,” shall be added to first sentence of
paragraph 3(e).
2.
Clause (i) of paragraph
4(b) of the Employment Agreement is amended and restated in
its entirety as follows:
“(i) continue to receive his Base
Salary (paid in accordance with the Company’s general payroll
practices in effect on the Termination Date) as special severance
payments from the Termination Date for a period of six
(6) months thereafter (the “ Severance Period
”) as provided in paragraph 4(h) below and delayed as
required in paragraph 4(i) below (the date on which
Executive’s employment under this Agreement terminates for
any reason shall be referred herein as the “ Termination
Date ”); and”
3.
Clause (iv) of paragraph
4(b) of the Employment Agreement is amended as
follows:
