Amendment No. 2 to the El Paso Corporation Severance Pay Plan
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Summary
El Paso Corporation has amended its Severance Pay Plan, effective January 1, 2008. This amendment updates Exhibit A, which lists the participating employers covered by the plan, by removing outdated entities and clarifying the current list. The amendment was authorized by the company's Senior Vice President of Human Resources and the Corporate Secretary. The key change is the updated list of companies whose employees are eligible for severance benefits under the plan.
EX-10.P.2 11 h65814exv10wpw2.htm EX-10.P.2 exv10wpw2
EXHIBIT 10.P.2
AMENDMENT NO. 2 TO THE
EL PASO CORPORATION
SEVERANCE PAY PLAN
EL PASO CORPORATION
SEVERANCE PAY PLAN
WHEREAS, El Paso Corporation (the Company) maintains the El Paso Corporation Severance Pay Plan (the Plan), as amended and restated effective as of October 1, 2002;
WHEREAS, Section 6.2 of the Plan permits the Company or the Plan Administrator to amend the Plan, from time to time, subject to certain restrictions set forth therein;
WHEREAS, the Plan Administrator desires to amend Exhibit A of the Plan, List of Participating Employers, to remove obsolete entities and clarify the list of Participating Employers under the Plan.
NOW, THEREFORE, BE IT RESOLVED, that Exhibit A of the Plan, List of Participating Employers, is amended and restated in its entirety, as attached hereto.
IN WITNESS WHEREOF, this amendment has been executed by the undersigned, thereunto duly authorized, effective as of January 1, 2008.
EL PASO CORPORATION | ||||
By: | /s/ Susan B. Ortenstone | |||
Susan B. Ortenstone | ||||
Senior Vice President, Human Resources | ||||
Attest:
By: | /s/ Marguerite Woung-Chapman | |||
Corporate Secretary | ||||
Exhibit A
List of Participating Employers
List of Participating Employers
CIG Pipeline Services Company, L.L.C.
El Paso Energy Service Company
El Paso Merchant Energy North America Company
El Paso Natural Gas Company
El Paso Exploration & Production Management, Inc.
Sandbar Petroleum Company
SNG Pipeline Services Company, L.L.C.
Tennessee Gas Pipeline Company
El Paso Energy Service Company
El Paso Merchant Energy North America Company
El Paso Natural Gas Company
El Paso Exploration & Production Management, Inc.
Sandbar Petroleum Company
SNG Pipeline Services Company, L.L.C.
Tennessee Gas Pipeline Company