IDACORP, Inc. and Idaho Power Company Executive Officers Amended and Restated Change in Control Agreements (as of May 1, 2025)
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Change of Control Agreements
Summary
IDACORP, Inc. and Idaho Power Company have entered into amended and restated change in control agreements with several of their executive officers, effective as of May 1, 2025. These agreements outline the terms and protections for executives in the event of a change in company control, such as severance benefits or other compensation. Some agreements include special provisions like a 13th-month trigger or tax gross-up. The listed executives hold various senior positions within the companies, and the agreements are designed to provide stability and clarity regarding their employment terms during significant corporate changes.
EX-10.3 4 ida33125ex103.htm EX-10.3 Document
Exhibit 10.3
IDACORP, Inc. and/or Idaho Power Company Executive Officers
with Amended and Restated Change in Control Agreements
(as of May 1, 2025)
| Name | Title | Date of Agreement | ||||||||||||
| Ryan Adelman | Vice President, Power Supply of Idaho Power Company | 10/5/2019 | ||||||||||||
| Brian R. Buckham | Senior Vice President, Chief Financial Officer, and Treasurer of IDACORP, Inc. and Idaho Power Company | 4/4/2016 | ||||||||||||
| Mitch Colburn | Vice President, Planning, Engineering and Construction of Idaho Power Company | 8/6/2020 | ||||||||||||
| Sarah E. Griffin | Vice President, Human Resources of Idaho Power Company | 10/5/2019 | ||||||||||||
| Lisa A. Grow* | President and Chief Executive Officer of IDACORP, Inc. and Idaho Power Company | 12/12/2008 | ||||||||||||
| James Bo D. Hanchey | Vice President, Customer Operations and Chief Safety Officer of Idaho Power Company | 10/5/2019 | ||||||||||||
| Julia A. Hilton | Vice President and General Counsel of IDACORP, Inc. and Idaho Power Company | 3/18/2023 | ||||||||||||
| Jeffrey L. Malmen* | Senior Vice President of Public Affairs of IDACORP, Inc. and Idaho Power Company | 12/8/2008 | ||||||||||||
| Adam Richins | Senior Vice President & Chief Operating Officer of Idaho Power Company | 2/8/2017 | ||||||||||||
| Amy I. Shaw | Vice President of Finance, Compliance, and Risk of IDACORP, Inc. and Idaho Power Company | 12/23/2023 | ||||||||||||
| Timothy E. Tatum | Vice President of Regulatory Affairs of Idaho Power Company | 9/21/2016 | ||||||||||||
*Change in control agreement includes 13th-month trigger and / or tax gross-up provisions.
