Change of Control Severance Plan for Designated Participants

Summary

This agreement outlines a severance plan for specific employees in the event of a change of control at the company. It lists participants and assigns them to different benefit levels, which determine the amount and type of severance benefits they would receive, such as cash payments and retirement benefits. The plan was approved by the Human Resources Committee and is intended to provide financial protection to key employees if their employment is terminated due to a change in company ownership or control.

EX-10.20 4 aee-exhibit1020.htm CHANGE OF CONTROL SEVERANCE PLAN Exhibit

Exhibit 10.20

SCHEDULE I

CHANGE OF CONTROL SEVERANCE PLAN PARTICIPANTS



Benefit Level¹ - 3
Baxter, Warner L.	Mark, Richard J.
Birk, Mark C.	Moehn, Michael L.
Diya, Fadi M.	Nelson, Gregory L.
Lyons, Martin J.
Benefit Level - 2
Steinke, Bruce A.
Benefit Level - 1

Approval of recommendation to the Board by: /s/ James C. Johnson Date: 12/08/2016

James C. Johnson, Chairman, For the Human Resources Committee

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¹ Benefit Levels are defined as a payment amount equal to a cash severance multiple of base pay, target short-term incentive award, short-term incentive award in year of termination (prorated at target), the actuarial equivalent of the benefit under the qualified defined benefit retirement plan and any excess or supplemental retirement plan.