Summary of Employment Arrangement between Energy Future Holdings Corp. and Mike McCall
Energy Future Holdings Corp. employs Mike McCall as Chief Operating Officer of Luminant on an at-will basis, paying him $500,000 annually. Mr. McCall is eligible for the same compensation and benefit programs as other executives, including incentive, retirement, severance, and insurance plans. The arrangement does not specify a fixed term and can be ended by either party at any time.
Exhibit 10(dd)
Mike McCall
Employment Arrangement
Since March 6, 2006, Energy Future Holdings Corp. (the “Company”) has employed Mike McCall, who is Chief Operating Officer of Luminant, on an at-will basis. The Company pays Mr. McCall $500,000 per year, and Mr. McCall is eligible to participate in all compensation and benefits of the Company in which similar executives are eligible to participate, which currently include the EFH Corp. Executive Annual Incentive Plan, the EFH Corp. 2005 Omnibus Incentive Plan, the EFH Corp. Salary Deferral Plan, the EFH Executive Financial Advisement Program, the Executive Physical Examination Program, the EFH Retirement Plan, the EFH Second Supplemental Retirement Plan, the EFH Corp. Executive Change in Control Policy and the EFH Corp. 2005 Executive Severance Plan. Additionally, Mr. McCall participates in the EFH Split Dollar Life Insurance Program.
