Supplement to FPL Group, Inc. Supplemental Executive Retirement Plan for Special SERP Credits (February 15, 2008)
This supplement to the FPL Group, Inc. Supplemental Executive Retirement Plan grants additional retirement benefit credits to certain executive officers and other participants as of February 15, 2008. The supplement specifies the amount of supplemental matching contribution account credits and the corresponding number of shares for each named executive. In case of any conflict, the terms of this supplement take precedence over the main plan. The supplement is officially incorporated into the existing retirement plan.
Exhibit 10(g) Supplement effective February 15, 2008 as it applies to grant of special SERP credits 1. Pursuant to Section 5.03 of the FPL Group, Inc. Supplemental Executive Retirement Plan (the "Plan"), which provides for the approval of this Supplement to the Plan, additional credits may be added to the Supplemental Matching Contribution Account for certain Participants from time to time. The amount and effective date for the additional credits shall be shown on this Supplement to the Plan.
Supplemental Benefits
2. Schedule of Supplemental Benefits:
Executive Officer Participant Amount of Supplemental Matching Contribution Account Credit Number of Shares to Credit as of 02/15/2008 Hay, III, Lewis $ 170,000 2,508 Robo, James $ 90,000 1,327 Olivera, Armando $ 200,000 2,950 Davidson, F. Mitchell $ 30,000 442 Escoto, Robert $ 60,000 885 McGrath, Robert $ 65,000 958 Rodriguez, Antonio $ 175,000 2,581 Stall, J. Arthur $ 90,000 1,327 Tancer, Edward $ 55,000 811 Cutler, Paul $ 30,000 442 Davis, K. Michael $ 75,000 1,106 [Other non-executive officers also received this credit]
3. This Supplement shall be deemed incorporated by reference into the Plan. In the event of any discrepancy between this Supplement and the provisions of the Plan, the provisions of this Supplement shall govern.
