Second Amendment to Enable Midstream Partners, LP Short Term Incentive Plan (Effective February 16, 2016)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective February 16, 2016, is made by Enable GP, LLC, the general partner of Enable Midstream Partners, LP. It updates the Short Term Incentive Plan to add a provision allowing the company to recover or "claw back" any awards granted under the plan, in accordance with any clawback policy adopted by the committee. This means that incentive awards can be reclaimed by the company if required by such policies, regardless of when the award was granted.

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EX-10.23 5 a2015enbl10-kxex1023.htm EXHIBIT 10.23 Exhibit
Exhibit 10.23

SECOND AMENDMENT
TO
ENABLE MIDSTREAM PARTNERS, LP
SHORT TERM INCENTIVE PLAN
Effective February 16, 2016
Enable GP, LLC, a limited liability company (the “Company”), the general partner of Enable Midstream Partners, LP, a limited partnership, having reserved the right under Section 13 of the Enable Midstream Partners, LP Short Term Incentive Plan, established effective as of January 1, 2014, as amended (the “Plan”), to amend the Plan, does hereby amend the Plan, effective February 16, 2016, by adding a new Section 16 to read as follows:

“15. Clawback Right: Any Award granted under the Plan shall be subject to recovery or clawback by the Company or Partnership under any clawback policy from time to time adopted by the Committee whether before or after such Award is granted.”