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EMPLOYMENT AGREEMENT EXTENSION

Extension Agreement

EMPLOYMENT AGREEMENT EXTENSION | Document Parties: OHIO EDISON CO | Richard R. Grigg You are currently viewing:
This Extension Agreement involves

OHIO EDISON CO | Richard R. Grigg

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Title: EMPLOYMENT AGREEMENT EXTENSION
Date: 2/28/2007

EMPLOYMENT AGREEMENT EXTENSION, Parties: ohio edison co , richard r. grigg
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Exhibit 10.5

 

January 16, 2007

 

Mr. Richard R. Grigg

 

 

Dear Dick,

 

Based on our discussions we have mutually agreed to extend the expiration date of your July 20, 2004 agreement (“Agreement”) from August 20, 2007, to March 31, 2008. Each party shall maintain the ability to terminate the Agreement for any reason upon written notice given sixty days in advance.

 

In consideration of the foregoing, the sufficiency of which is hereby acknowledged by the parties, paragraph two under subsection (e) of your Agreement shall be amended to read as follows, with all other terms remaining as written:

 

Your eligibility to participate in the health care and group life insurance coverages under the Flexible Benefits Plan will begin January 1, 2007. Moreover, at the conclusion of your employment with the Company, you will be granted the maximum credit (currently 85 points) for purposes of determining the company contribution toward the


 
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