Executive Supplemental Retirement Plan Participation Letter for Dominion Resources Executive
Contract Categories:
Human Resources
›
Retirement Agreements
Summary
This letter informs a Dominion Resources executive of their eligibility for a lifetime benefit under the company's Executive Supplemental Retirement Plan (ESRP). The benefit is calculated as equal payments over 120 months, payable for the executive's lifetime or for 120 payments, whichever is longer, or as a lump sum at retirement. The executive is asked to acknowledge receipt and acceptance of these terms. The agreement aims to reward past service and encourage continued employment.
EX-10.30 10 dex1030.htm FORM OF EXECUTIVE SUPPLEMENTAL RETIREMENT Prepared by R.R. Donnelley Financial -- FORM OF EXECUTIVE SUPPLEMENTAL RETIREMENT
EXHIBIT 10.30
[Date]
[Name]
Dear [Name]:
In recognition of your outstanding service to Dominion Resources and as an inducement for you to continue your excellent performance and remain in the employ of the Company, the Board of Directors has approved your eligibility for a lifetime benefit under the Company’s Executive Supplemental Retirement Plan (“ESRP”).
The ESRP benefit will be computed as an equal periodic payment for 120 months according to the ESRP document. However, this periodic payment will be payable for your lifetime (or for 120 payments, if oolonger), or in a lump sum at retirement.
Please return your signed acknowledgement of this letter.
Sincerely yours.
Acknowledged:
Date
