Exhibit
10.56
AMENDMENT TO
DEFERRED COMPENSATION AGREEMENT
IDACORP FINANCIAL SERVICES, INC.
(Change to Time and/or Form of
Payment)
AMENDMENT TO DEFERRED COMPENSATION AGREEMENT, by and between
_______________ (“Director”) and IDACORP Financial
Services, Inc. (the “Company”);
W I T N E S S E T H:
WHEREAS, Director is a member of the Board of Directors (the
“Board”) of the Company; and
WHEREAS, Director has elected to defer all or a portion of Director
cash fees for service as a member of the Board pursuant to [a]
Deferred Compensation Agreement[s] dated __________ [and
[__________] (collectively, the “Deferred Compensation
Agreement”)][ADD THE FOLLOWING IF DIRECTOR HAS EXECUTED AN
AMENDMENT TO DEFERRED COMPENSATION AGREEMENT: and an Amendment to
Deferred Compensation Agreement dated _____________ (collectively,
the “Deferred Compensation Agreement”)]; and
WHEREAS, Director desires to change his/her prior election
regarding the time and/or form of payment of his/her account under
the Deferred Compensation Agreement.
NOW, THEREFORE, in consideration of the premises, Director and the
Company hereby agree as follows:
1. Subject to
Section 2 below, Director’s Deferred Compensation Agreement
shall be amended so that the entire credit balance of Director's
interest account as provided in the Deferred Compensation Agreement
shall be distributed as follows:
(Choose one)
(a)
___ a lump sum cash payment as soon
as practicable (but not more than 90 days) after the first business
day of the 6 th calendar year [NOTE THAT THIS COULD
BE ANY CALENDAR YEAR LATER THAN THE 6 TH AS WE
