Mike Greene Employment Arrangements
Contract Categories:
Human Resources
- Employment Agreements
EX-10.L 7 ex10_l.htm SUMMARY EMPLOYMENT ARRANGEMENT - M. GREENE Summary Employment Arrangement - M. Greene
Exhibit 10(l)
Mike Greene
Employment Arrangements
Since March 1, 2006, TXU Corp. (the “Company”) has employed Mike Greene, who is the Chairman of the Board and Chief Executive Officer of TXU Power on an at-will employee basis. The Company pays Mr. Greene an annual salary equal to $507,000, and Mr. Greene 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. Greene participates in the TXU Deferred and Incentive Compensation Plan and the TXU Split Dollar Life Insurance Program.
