Non-Competition and Confidentiality Agreement between Duquesne Light Company and Stevan R. Schott and James E. Wilson
Duquesne Light Company entered into non-competition and confidentiality agreements with Stevan R. Schott and James E. Wilson. The agreements restrict both individuals from competing in the electricity and gas sectors within several states for a specified period. In return, Schott receives severance pay based on years of service, while Wilson receives a year of base salary, continued health and welfare benefits, and pension accrual during the severance period. These agreements are designed to protect the company's business interests and confidential information.
EXHIBIT 10.5
Non-Competition and Confidentiality Agreements which were substantially identical to that filed as Exhibit 10.14 were entered into among Duquesne Light Company and each of the following parties, materially differing as set forth below:
| Party and Date Executed |
| Material Differences |
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| Stevan R. Schott, August 9, 1999 |
| Consideration includes severance of one week per each year of service, minimum of 6 months and maximum of 12 months. |
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| Restriction on competition covers the states of Pennsylvania, Ohio, West Virginia, Maryland, New York, New Jersey and Virginia. |
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| Restriction on competition covers gas in addition to electricity. |
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| James E. Wilson, August 17, 2000 |
| Consideration includes severance of 52 weeks of base salary and health and welfare benefits. Pension benefits are to accrue during severance period (as permitted by law). |
