Amendment No. 1 to Rochester Gas and Electric Corporation Supplemental Executive Retirement Program
This amendment, effective November 1, 2001, modifies the Supplemental Executive Retirement Program (SERP) of Rochester Gas and Electric Corporation. It changes the vesting terms so that, in the event of a change in control, eligible employees immediately become fully vested in their benefits. Upon termination of employment, or if the committee anticipates such termination, vested benefits will be paid at the same time and in the same form as under the company's Qualified Plan.
Exhibit 10-30
ROCHESTER GAS AND ELECTRIC CORPORATION
SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM
Amendment No. 1
Pursuant to Article Six, the Plan is hereby amended, effective November 1, 2001, (1) by deleting the last paragraph of Section 4.7 and (2) by deleting the first sentence of Section 4.7 and substituting in its place the following:
In the event of a Change in Control, all Plan benefits of eligible
Employees shall become fully vested and, upon termination of
employment or by action of the Committee in anticipation of
termination of employment, an eligible Employee shall be paid his
vested benefit at the same time and in the same form as his benefit
is paid under the Qualified Plan.
IN WITNESS WHEREOF, the Company has caused this Plan Amendment to be executed by its duly authorized officer this 21st day of November, 2001.
ROCHESTER GAS AND ELECTRIC CORPORATION
Title: Vice President and Corporate Secretary
