Exhibit 10.9
AGREEMENT
This agreement (the “Agreement”) is made as of October 14, 2008, by and between Real Goods Solar, Inc., a Colorado
corporation (together with its affiliates, “RGSI”) and D. Thompson McCalmont (“Employee”).
Whereas, RGSI desires to hire Employee and Employee desires to accept such employment;
Now, therefore, in exchange for the mutual covenants set forth below and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged by both parties, RGSI and Employee agree as follows.
1. Employment . Pursuant to this Agreement, RGSI hereby employs Employee to serve initially as President of Regrid
Power, Inc., reporting to RGSI’s Chairman, and Employee will earn a salary of $160,000 per annum, payable biweekly on a basis
consistent with RGSI’s customary payroll practices. Employee will become the CEO of RGSI, will be appointed as a member of
the RGSI Board of Directors, and his salary will increase to $180,000, upon the later to occur of (i) November 15, 2008, or (ii) the
date that RGSI files its Form l0-Q for the period ended September 30, 2008. This Agreement will have an initial term that
commences on the date hereof, and ends on March 31, 2010, and will automatically renew thereafter for up to two successive
one-year terms unless either party gives written notice of termination to the other party at least 90 days prior to the end of the
then-current term. Employee’s base salary will be reviewed annually and subject to possible increase by the RGSI Board of
Directors. Employee will be based at RGSI’s Campbell, California office (or within a reasonable distance of that location, in the
event that RGSI’s relocates that office), and will have business travel obligations as required by RGSI’s business, or as
reasonably required by RGSI’s Chairman or Board of Directors, from time to time. Employee will be entitled to participate in the
employee benefit plans made available to similarly-positioned employees at RGSI throughout this period. Startin