The Chairman of the Board of Directors, if he or she is not also an employee of the Corporation, shall receive an additional cash retainer of $32,000, payable in equal monthly installments in accordance with the Corporation?s normal payroll schedule

Executive Compensation Plan Agreement

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This Executive Compensation Plan Agreement involves

DISTRIBUTED ENERGY SYSTEMS CORP

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Title: The Chairman of the Board of Directors, if he or she is not also an employee of the Corporation, shall receive an additional cash retainer of $32,000, payable in equal monthly installments in accordance with the Corporation?s normal payroll schedule
Date: 5/12/2008
Industry: Electronic Instr. and Controls Sector: Technology

The Chairman of the Board of Directors, if he or she is not also an employee of the Corporation, shall receive an additional cash retainer of $32,000, payable in equal monthly installments in accordance with the Corporation?s normal payroll schedule, Parties: distributed energy systems corp

Exhibit 10.2

On January 30, 2008 the board of directors of the registrant ratified the approval, on November 1, 2007, by the compensation committee of the board of directors of a compensation program for non-employee directors, and on January 31, 2008, the board of directors amended the program. The terms of the program, as amended, are as follows:

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Each non-employee director shall receive an annual cash retainer of $40,000, payable in equal monthly installments in accordance with the Corporation’s normal payroll schedule;

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The Chairman of the Board of Directors, if he or she is not also an employee of the Corporation, shall receive an additional cash retainer of $32,000, payable in equal monthly installments in accordance with the Corporation’s normal payroll schedule;

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The chairmen of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee shall each receive an additional cash retainer of $16,000, $12,000 and $8,000, respectively, payable in equal monthly installments in accordance with the Corporation’s normal payroll schedule;

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Each new non-employee director shall be granted an option to purchase 20,000 shares of common stock upon his or her election or appointment to the Board of Directors. These options shall have a per share exercise price equal to the fair market value of the common stock at the date o

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