AMENDMENT TWO TO THE AQUILA, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Amended and Restated Effective as of January 1, 2005)Addendum or Modifications |
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QuickLinks -- Click here to rapidly navigate through this document AMENDMENT TWO TO THE This Amendment is made by Aquila, Inc., a Delaware corporation (the "Company"). WHEREAS, the Company maintains the Aquila, Inc. Supplemental Executive Retirement Plan (the "Plan") the benefit of a select group of management or highly compensated employees; and WHEREAS, the Plan was most recently amended and restated in its entirety on July 31, 2007 and amended by Amendment One dated November 7, 2007, and the Company now desires to further amend the Plan to clarify the manner in which a participant's benefit is computed; NOW, THEREFORE, the Plan is amended as follows: A. The third paragraph under the introductory "History and Purpose" section is amended to read as follows:
B. The definition of "Projected Credited Service" under Section 1.14 is amended by deleting the reference to: "..., for purposes of computing a Participant's Supplemental SERP Benefit,..." C. Section 3.02 is amended by deleting the reference to "a Participant's" and inserting "an active employee's" in lieu thereof. D. The first paragraph of Section 4.01, Basic SERP Benefit , is amended to read as follows:
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