Amendment No. 1 to Duke Energy Executive Cash Balance Plan
Duke Energy Corporation has amended its Executive Cash Balance Plan, effective January 1, 1999. This amendment preserves the Minimum Benefit feature from the previous version of the plan, ensuring it remains in effect despite other changes. The amendment was executed by the company's Vice President of Corporate Human Resources on August 26, 1999.
Exhibit 10-7.1
DUKE ENERGY CORPORATION
EXECUTIVE CASH BALANCE PLAN
(As Amended and Restated Effective January 1, 1999)
AMENDMENT 1
Pursuant to Section 8 of the Duke Energy Corporation Executive Cash Balance Plan, as amended (“Plan”), Duke Energy Corporation (“Corporation”) hereby amends Section 4.3 of the Plan, effective January 1, 1999, by adding a sentence to the end thereof that reads as follows:
Notwithstanding Sections 4.3 and 4.4 to the contrary, the Minimum Benefit feature of Section 4.3(e) of the Plan, as in effect prior to January 1, 1999, is preserved herein and incorporated by reference.
IN WITNESS WHEREOF, this amendment to the Plan is executed on behalf of the Corporation this 26 day of August, 1999.
| DUKE ENERGY CORPORATION | ||
| By: | /s/ CHRISTOPHER C. ROLFE | |
| Its: | Vice President | |
| Corporate Human Resources | ||
