Exhibit 10.3
EMPLOYMENT AGREEMENT
EMPLOYMENT AGREEMENT (the “Agreement”) dated February 26, 2008 by and between Chart
Industries, Inc. (the “Company”) and Matthew J. Klaben (the “Executive”).
The Company desires to employ Executive and to enter into an agreement embodying the terms of such
employment; and
Executive desires to accept such employment and enter into such an agreement.
In consideration of the premises and mutual covenants herein and for other good and valuable
consideration, the parties agree as follows:
1. Term of Employment . Subject to the provisions of Section 8 of this Agreement, Executive shall be
employed by the Company, on the terms and subject to the conditions set forth in this Agreement, for the period
commencing on February 26, 2008, and ending on the second anniversary of said date (the “Employment
Term”). Thereafter the Employment Term shall automatically be extended on February 26 of each year for a
period of one year from such date. In addition, in the event of a Change in Control, the Employment Term shall
automatically be extended for a period of three years beginning on the date of the Change in Control and ending
on the third anniversary of the date of such Change in Control (unless further extended under the immediately
preceding sentence). The Company or Executive may give notice to the other party that the Employment Term
shall no longer be extended (the “Non-Renewal Notice”), in which event the Employment Term shall expire on
the latest of: (i) such second anniversary of the original Employment Term commencement date, (ii) such third
anniversary of a Change in Control, or (iii) the first anniversary of the delivery of such Non-Renewal Notice. In
any case, the Employment Term may be terminated earlier under the terms and conditions set forth herein.
2. Position .
a. Title . During the Employment Term, Executive shall serve as the Company’s Vice President, General
Counsel & Secretary