First Amendment to DTE Energy Company Plan for Deferring Payment of Directors’ Fees (2005, as Amended)

Summary

DTE Energy Company amended its Plan for Deferring the Payment of Directors’ Fees, originally effective January 1, 2005. This amendment, approved by the Board on June 25, 2015, clarifies how directors can change their elections regarding the timing and form of deferred fee distributions. Specifically, it requires directors to file any changes at least 12 months before distributions would begin, with the director’s termination date considered the earliest possible distribution date if no prior election was made. The amendment aims to align the Plan’s language with its actual administration.

EX-10.95 2 a20150630ex1095.htm FIRST AMENDMENT TO THE DTE ENERGY PLAN FOR DEFERRING PAYMENT OF DIRECTORS' FEES 2015.06.30 EX 10.95

EXHIBIT 10.95

First Amendment

to the

DTE Energy Company

Plan for Deferring the Payment of Directors’ Fees

(As Amended and Restated Effective As Of January 1, 2005)

Recitals

A. DTE Energy Company (the “Company”) adopted the DTE Energy Company Plan for Deferring the Payment of Directors’ Fees (As Amended and Restated Effective As Of January 1, 2005) (the “Plan”) to enable the Company to attract and retain directors.

B. The Company’s Board of Directors is authorized to amend the Plan.

C. By a resolution properly adopted on June 25, 2015, the Board amends the Plan to clarify ambiguous Plan provisions governing participants’ elections to change the form of distribution from the Plan so the provisions reflect the actual administration of the Plan.

Plan Amendment

Effective as of January 1, 2005, the DTE Energy Company Plan for Deferring the Payment of Directors’ Fees is amended by replacing Section VII(B)(5)(a) with the following:

(a) The Director’s election is filed with the Company at least 12 months before the earliest date on which the distribution of the Director’s Post-2004 Account would begin under the Director’s then-current distribution election;

(i) For purposes of this Section VII(B)(5)(a), the date the Director’s service on the Board terminates is treated as “the earliest date on which distribution of the Director’s Post-2004 Account would begin” if the Director has not filed a previous election under this Section VII(B)(5)(a) to change the form of distribution of the Director’s Post-2004 Account.

DTE Energy Company has caused this First Amendment to be executed on the 25th day of June, 2015.

DTE Energy Company

/s/LARRY E. STEWARD

Larry E. Steward

Senior Vice President, Human Resources