Amendment to Consolidated Edison Retirement Plan Adding Emergency Exception to Suspension of Benefit Rules

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment to the Consolidated Edison Retirement Plan, effective March 27, 2020, allows for an additional emergency exception to the plan’s suspension of benefit rules. Specifically, benefits will not be suspended if a declared public health emergency or natural disaster significantly impacts the company’s or its affiliate’s ability to provide utility services. The amendment was authorized and executed by the Vice President of Human Resources, acting as Plan Administrator.

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EX-10.2 2 ed-20200630xex102.htm EXHIBIT 10.2 Exhibit
Exhibit 10.2

AMENDMENT TO THE
CONSOLIDATED EDISON
RETIREMENT PLAN

Amending the Retirement Plan to
Add an Additional Emergency Exception
to the Suspension of Benefit Rules

Effective March 27, 2020







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Amendment Adding Emergency Exception to Suspension of Benefit Rules    
Exhibit 10.2


WHEREAS, pursuant to Article X, Amendment, Merger and Termination, Section 10.01, Amendment of the Plan, the Plan Administrator has the authority to amend certain provisions of the Consolidated Edison Retirement Plan (the “Retirement Plan”); and
WHEREAS, the Vice President – Human Resources, as Plan Administrator, is authorized to execute the specified amendments to the Retirement Plan, her execution to be evidence conclusively of her approval thereof;
NOW, therefore, the Retirement Plan is amended as set forth below:













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Amendment Adding Emergency Exception to Suspension of Benefit Rules    
Exhibit 10.2

Article III, Section 3.04(c), is amended, by adding at the end of the section, the following:

iv.    A declared public health emergency or natural disaster that significantly impacts the Company’s or the CEI affiliate’s ability to provide utility service to its customers.

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed on this 27th day of March, 2020.

/s/ Nancy Shannon
Vice President of Human Resources of
Consolidated Edison Company of New York, Inc.
And the Plan Administrator of the Retirement Plan







        
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Amendment Adding Emergency Exception to Suspension of Benefit Rules