Employment Arrangement Summary between T.L. Baker and TXU Corp.
TXU Corp. has employed T.L. Baker as Chairman of the Board and CEO of TXU Electric Delivery Company, effective March 1, 2006. Mr. Baker is an at-will employee with an annual salary of $632,000. He is also eligible to participate in the company's executive compensation plans, including the Executive Annual Incentive Plan, the 2005 Omnibus Incentive Plan, and the Salary Deferral Plan. The arrangement outlines his role, salary, and benefits eligibility.
Exhibit 10.c
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 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 and the TXU Corp. Salary Deferral Plan.
