IDACORP, Inc. and Idaho Power Company Executive Officer Amended and Restated Change in Control Agreements (as of February 8, 2017)

Contract Categories: Human Resources › Change of Control Agreements
Summary

IDACORP, Inc. and Idaho Power Company have entered into amended and restated change in control agreements with several executive officers, including the CEO, CFO, and other senior leaders. These agreements outline the terms and protections for executives if there is a change in control of the company. Some agreements do not include certain provisions, such as a 13th-month trigger or tax gross-up. The agreements specify the roles covered and the effective dates for each executive.

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EX-10.40 5 ida123116ex_1040.htm EXHIBIT 10.40 - FEBRUARY 8, 2017 Exhibit


Exhibit 10.40

IDACORP, Inc. and/or Idaho Power Company Executive Officers
with Amended and Restated Change in Control Agreements
(as of February 8, 2017)

Name
 
Title
 
Date of Agreement
Darrel T. Anderson
 
President and Chief Executive Officer of IDACORP, Inc. and Idaho Power Company
 
12/23/2008
Brian R. Buckham*
 
Vice President and General Counsel of IDACORP, Inc. and Idaho Power Company
 
4/4/2016
Lisa A. Grow
 
Senior Vice President of Operations of Idaho Power Company
 
12/12/2008
Steven R. Keen
 
Senior Vice President, Chief Financial Officer, and Treasurer of IDACORP, Inc. and Idaho Power Company
 
12/30/2008
Lonnie Krawl*
 
Senior Vice President of Administrative Services and Chief Human Resources Officer of Idaho Power Company
 
9/30/2013
Jeffrey L. Malmen*
 
Senior Vice President of Public Affairs of IDACORP, Inc. and Idaho Power Company
 
12/8/2008
Tessia Park*
 
Vice President of Power Supply of Idaho Power Company
 
1/5/2016
Kenneth W. Petersen*
 
Vice President, Controller, and Chief Accounting Officer of IDACORP, Inc. and Idaho Power Company
 
5/20/2010
N. Vern Porter*
 
Vice President of Customer Operations of Idaho Power Company
 
3/18/2010
Adam Richins*
 
General Manager of Customer Operations, Engineering & Construction of Idaho Power Company (Vice President of Customer Operations and Business Development of Idaho Power Company effective March 1, 2017)
 
2/8/2017
*Change in control agreement does not include 13th-month trigger or tax gross-up provisions.