50 of the Top 250 law firms use our Products every day
RELIANT ENERGY, INC.
EXECUTIVE SEVERANCE PLAN
(Effective January 1, 2006)
Reliant Energy, Inc., a Delaware corporation,
having established the Reliant Energy, Inc. Executive Severance
Plan, effective January 1, 2006 (the “Plan”), and
having reserved the right under Section 13 thereof to amend
the Plan, does hereby amend the Plan, effective as of
January 1, 2006, as follows:
1. The final paragraph of Section 3.4
of the Plan is hereby amended to read as follows:
“Notwithstanding the foregoing, the
deadline for executing and returning the Waiver and Release shall
be until 5:30 p.m. central time on the 46th day following the date
that the Employee receives the Plan and Waiver and Release pursuant
to Section 3.2 if that 46th day is after the Employee’s
Termination Date, provided, however , that in no event shall
the Plan and Waiver and Release be provided to the Employee later
than the 10th day after his or her Termination Date (such that in
no event shall the deadline for executing and returning the Waiver
and Release be later than the 56th day after his or her Termination
Date). Each Eligible Employee is advised to consult an attorney
before signing a Waiver and Release. ”
2. The first sentence of Section 7.1
of the Plan is hereby amended to read as follows:
“Within
10 days following the date that a Participant timely returns
an executed Waive
|
