Summary Employment Agreement between TXU Corp. and T.L. Baker
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Summary
TXU Corp. has employed T.L. Baker as Chairman of the Board and CEO of TXU Electric Delivery Company, effective March 1, 2006, on an at-will basis. Mr. Baker receives an annual salary of $632,000 and is eligible to participate in the company's executive compensation and benefit plans, including incentive, retirement, and insurance programs. The agreement outlines his eligibility for these benefits but does not specify a fixed employment term or additional conditions.
EX-10.I 4 ex10_i.htm SUMMARY EMPLOYMENT ARRANGEMENT - T.L. BAKER Summary Employment Agreement - T. Baker
Exhibit 10(i)
T.L. Baker
Employment Arrangements
As of March 1, 2006, TXU Corp. (the “Company”) has employed T.L. Baker as the Chairman of the Board and Chief Executive Officer of TXU Electric Delivery Company on an at-will employee basis. The Company pays Mr. Baker an annual salary equal to $632,000, and Mr. Baker is eligible to participate in all compensation and benefit plans of the Company in which similarly situated executives are eligible to participate, which currently include the TXU Corp. Executive Annual Incentive Plan, the TXU Corp. 2005 Omnibus Incentive Plan, the TXU Corp. Salary Deferral Plan, the TXU Executive Financial Advisement Program, the Executive Physical Examination Program, the TXU Second Supplemental Retirement Plan, the TXU Corp. Executive Change in Control Policy and the TXU Corp. 2005 Executive Severance Plan. Additionally, Mr. Baker participates in the TXU Deferred and Incentive Compensation Plan and the TXU Split Dollar Life Insurance Program.
