Exhibit 10(jj)(2)
FIRST AMENDMENT TO
EXECUTIVE BENEFITS PLAN AGREEMENT
THIS FIRST
AMENDMENT TO EXECUTIVE BENEFITS PLAN AGREEMENT (the
“Amendment”) by and between CenterPoint Energy,
Inc. , a Texas corporation (the “Company”), and
Joseph B. McGoldrick (“Employee”);
W I T N E S
S E T H :
WHEREAS ,
effective August 30, 1993, the Company (as successor to Houston
Lighting & Power Company) and Employee entered into an
Executive Benefits Plan Agreement (the “Agreement”)
pursuant to which Employee is eligible for certain supplemental
disability benefits, salary continuation benefits and supplemental
death benefits in accordance with the terms and conditions of the
CenterPoint Energy, Inc. Executive Benefits Plan (the
“Plan”); and
WHEREAS , the
Company and Employee desire to amend the Agreement to eliminate the
supplemental disability benefits provided thereunder; and
WHEREAS ,
Section 14 of the Agreement provides that the Agreement may be
amended only by the written agreement of the Company and
Employee;
NOW,
THEREFORE , in consideration of the premises and the agreements
hereinafter contained, effective as of December 31, 2008, the
parties agree to amend the Agreement as set forth below:
1.
Paragraph 2 of the Agreement is hereby amended to read as
follows:
“2.
Benefits . Subject to the conditions set forth in
Paragraph 3 hereof and all other terms and conditions of the Plan
and this Agreement, the Company agrees as follows:
(a)
Salary Continuation Benefits . If the Employee
dies during the period of his employment as an officer of the
Company, then the Company shall pay to the Employee’s
Beneficiary the following:
(i)
100% of the Employee’s monthly salary at the time o
