Amendment No. 2 to Rochester Gas and Electric Corporation Supplemental Executive Retirement Program

Contract Categories: Human Resources › Retirement Agreements
Summary

Rochester Gas and Electric Corporation has amended its Supplemental Executive Retirement Program (SERP) effective May 1, 2002. This amendment increases the retirement benefits for two employees, Michael J. Bovalino and Michael T. Tomaino, by specified lump sum amounts. The additional benefits will be paid under the same terms as the existing plan. The amendment was executed by the company's Vice President and Corporate Secretary on June 19, 2002.

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EX-10.31 13 rqe10-31.htm RG&E AMENDMENT NO. 2 TO SERP Exhibit 10-31

Exhibit 10-31

ROCHESTER GAS AND ELECTRIC CORPORATION

SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM

Amendment No. 2

          Pursuant to Article Six, the Plan is hereby amended, effective as of May 1, 2002, by adding to the end of Section 4.1 the following new paragraph:

          For each Employee listed in Appendix B, the lump sum value of the amount of the benefit determined under the preceding provisions of this Section 4.1 shall be increased by the lump sum amount shown on Appendix B. This additional benefit shall be paid in the same form and under the same terms and conditions as the basic benefit payable under this Section 4.1.

          IN WITNESS WHEREOF, the Company has caused this Plan Amendment to be executed by its duly authorized officer this 19th day of June, 2002.

ROCHESTER GAS AND
ELECTRIC CORPORATION


By:    s/  David C. Heiligman                             

Title: Vice President and Corporate Secretary

 

APPENDIX B

Section 4.1 - Additional Benefit


Employee Name

Lump Sum Value
of Additional Benefit Amount

Michael J. Bovalino

$100,000

Michael T. Tomaino

$707,000