NextEra Energy, Inc. Supplemental Executive Retirement Plan (SERP) Appendix for Class A Executives
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Summary
This document lists certain executive officers of NextEra Energy, Inc. and Florida Power & Light Company who are participants in the company's Supplemental Executive Retirement Plan (SERP) as Class A Executives. It outlines their eligibility for additional deferred compensation, including double basic and transition credits, as designated by the Compensation Committee. The appendix also clarifies the application of Internal Revenue Code Section 409A to specific deferred compensation arrangements, particularly for deferrals made on or after January 1, 2006, while excluding earlier deferrals unless expressly stated.
EX-10.A 2 nee-06302013xex10a.htm EXHIBIT 10(A) NEE-06302013-EX.10a
Exhibit 10(a)
Appendix A2 Last Revised On: April 15, 2013 | |||||
Name | Company | Pre-4/1/1997 Participant | Class A “Bonus SERP” Status | Double Basic Credits | Double Transition Credits |
CAPLAN, DEBORAH H. * | NextEra Energy, Inc | X1 | X1 | ||
KELLIHER, JOSEPH T. * | NextEra Energy, Inc | X1 | X1 | ||
RODRIGUEZ, ANTONIO * | NextEra Energy, Inc | X | |||
SIEVING, CHARLES E. * | NextEra Energy, Inc | X1 | X1 | ||
SILAGY, ERIC E. | Florida Power & Light Company | X1 | X1 | ||
YEAGER, WILLIAM L. * | NextEra Energy, Inc | X1 | X1 | ||
CUTLER, PAUL I. * | NextEra Energy, Inc | X1 | |||
FROGGATT, CHRIS N. * | NextEra Energy, Inc | X1 | |||
1The 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. |