Organization and Compensation Committee Determination Regarding Performance Units Adjustment for TXU Corp. Executives
The Organization and Compensation Committee of TXU Corp.'s Board of Directors decided on February 15, 2006, to adjust the minimum number of performance units granted to certain executives—Messrs. Wilder, Burke, Campbell, and Greene—under their employment agreements. This adjustment reflects a two-for-one stock split of the company's common shares that took place on December 8, 2005. The decision ensures that the executives' compensation aligns with the new share structure following the stock split.
Exhibit 10.6
Organization and Compensation Committee Determination
On February 15, 2006, the Organization and Compensation Committee of the Board of Directors of TXU Corp. (Company) determined that the minimum number of performance units required to be issued to Messrs. Wilder, Burke, Campbell and Greene pursuant to the terms of their employment agreements would be adjusted to reflect a two-for-one stock split of the Company’s shares of common stock, effected on December 8, 2005.
