2009 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 the achievement of specific performance goals related to improvements at Palo Verde. The performance measures are tied to evaluations by the Institute of Nuclear Power Operations (INPO), the Nuclear Regulatory Commission, and 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-10.2 3 p14820exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
Description of 2009 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 2009 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 performance improvements as documented by INPO and Nuclear Regulatory Commission findings, and operational performance.