NextEra Energy, Inc. Supplemental Executive Retirement Plan (SERP) Appendix A2 – Class A Executives and Deferred Compensation Credits
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Summary
This document lists certain executive officers of NextEra Energy, Inc. who are designated as Class A participants in the company's Supplemental Executive Retirement Plan (SERP). It outlines their eligibility for additional deferred compensation, including double basic and transition credits, as determined by the Compensation Committee. The appendix also clarifies that specific deferred compensation arrangements are subject to IRS Code Section 409A, but deferrals made before January 1, 2005, are generally excluded unless otherwise specified.
EX-10.E 4 nee-12312017ex10e.htm EXHIBIT 10(E) Exhibit
Exhibit 10(e)
Appendix A2 Last Revised On: October 1, 2017 | |||||
Name | Company | Pre-4/1/1997 Participant | Class A “Bonus SERP” Status | Double Basic Credits | Double Transition Credits |
ARECHABALA, MIGUEL * | NextEra Energy, Inc | X1 | X1 | ||
CAPLAN, DEBORAH H. * | NextEra Energy, Inc | X1 | X1 | ||
KELLIHER, JOSEPH T. * | NextEra Energy, Inc | X1 | X1 | ||
SIEVING, CHARLES E. * | NextEra Energy, Inc | X1 | X1 | ||
YEAGER, WILLIAM L. * | NextEra Energy, Inc | X1 | X1 | ||
CUTLER, PAUL I. * | NextEra Energy, Inc | X1 | |||
CREWS, T. KIRK ii * | NextEra Energy, Inc | X1 |
1 | The Compensation Committee has expressly identified these items and acknowledged that they are subject to Internal Revenue Code Section 409A. In particular, these items include: (i) the additional deferred compensation provided by the designation of certain officers as Class A Executives, effective on or after January 1, 2006; and (ii) the additional deferred compensation set forth in SERP Amendment #4 to the Prior Plan (meaning amounts deferred by certain senior officers specified by the Compensation Committee who became participants in the SERP on or after April 1, 1997 at the rate of two times the basic credit and, to the extent applicable, the transition credit under the cash balance formula in the SERP for their pensionable earnings on or after January 1, 2006). Importantly, nothing in Amendment #4 to the Prior Plan, the SERP, Compensation Committee resolutions, or any other document shall be construed as subjecting to Code Section 409A any deferrals made under the SERP prior to January 1, 2005, except as expressly noted herein. |
* | Executive Officer of NextEra Energy, Inc. |