2010 Palo Verde Specific Compensation Opportunity for Randall K. Edington
This agreement outlines a compensation opportunity for Randall K. Edington, as part of his employment with the company. Under this arrangement, Mr. Edington can earn up to $125,000 if certain operational and performance goals are met at the Palo Verde Nuclear Generating Station. The terms are consistent with his original offer letter dated December 20, 2006, and specify that payment is contingent on achieving the set metrics.
Exhibit 10.4.13
Description of 2010 Palo Verde Specific Compensation Opportunity for Randall K. Edington
Consistent with the offer letter between the Company and Mr. Edington, dated December 20, 2006, the Company adopted the 2010 Palo Verde Specific Compensation Opportunity. Mr. Edington has the opportunity to receive up to $125,000 upon the achievement of specified Palo Verde Nuclear Generating Station operational and performance metrics.
