Cleco Corporation Deferred Compensation Plan Corrective Section 409A Amendment (Effective January 1, 2009)

Summary

This agreement is an amendment to the Cleco Corporation Deferred Compensation Plan, effective January 1, 2009. It is designed to bring the plan into compliance with Section 409A of the Internal Revenue Code, which governs the tax treatment of deferred compensation. The amendment outlines changes to ensure the plan meets legal requirements, protecting participants from potential tax penalties. The parties involved are Cleco Corporation and eligible plan participants. The amendment is effective as of the specified date and applies to all relevant deferred compensation arrangements under the plan.

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