2008 Palo Verde Specific Compensation Opportunity for Randall K. Edington

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines a compensation opportunity for Randall K. Edington, allowing him to earn up to $125,000 based on achieving specific performance goals related to the Palo Verde facility. The performance measures include maintenance and technical program improvements, as well as evaluations by INPO, NRC findings, and overall operational performance. The agreement is consistent with a prior letter agreement dated December 20, 2006, between Mr. Edington and the company.

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EX-10.7 9 p76062exv10w7.htm EX-10.7 exv10w7
EXHIBIT 10.7
Description of 2008 Palo Verde Specific Compensation Opportunity for
Randall K. Edington
Consistent with the letter agreement between the Company and Mr. Edington, dated December 20, 2006, the Company adopted the 2008 Palo Verde Specific Compensation Opportunity. Mr. Edington has the opportunity to receive up to $125,000 upon the achievement of performance measures tied to Palo Verde maintenance and technical programs, performance improvements as documented by INPO, NRC findings, and operational performance.