Second Amendment to the Idaho Power Company Employee Savings Plan, executed October 29, 2017 and effective January 1, 2018

EX-10.1 2 ida93017ex101.htm SECOND AMENDMENT TO THE IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN, EXECUTED OCTO Exhibit

Exhibit 10.1

SECOND AMENDMENT

TO THE IDAHO POWER COMPANY

EMPLOYEE SAVINGS PLAN

The Idaho Power Company Employee Savings Plan, amended and restated as of January 1, 2016 (the "Plan") is amended to reduce the maximum aggregate contribution from 100% to 80% of a Participant's Compensation, as set forth below. This amendment shall be effective January 1, 2018.

1. The first sentence of Section 3.1.1 (a) is amended to read as follows:

"Upon enrollment, a Participant may direct that his or her Employer make Deferral Contributions to the Trust Fund of from 1 percent to 80 percent of his or her Compensation (in 1 percent increments) for each pay period."

2. The last sentence of Section 3.1.1 (e) is amended to read as follows:

"A Participant's Deferral Contributions, After-Tax Contributions and Roth Deferrals are limited to 80 percent of a Participant's Compensation for a Plan Year."

3. The first paragraph of Section 3.3 is amended to read as follows:

"Upon enrollment, a Participant will be entitled to contribute to the Trust Fund an amount between 1 percent and 80 percent of his or her Compensation (in 1 percent increments) for each pay period as an After-Tax or Roth Contribution which is nondeductible. Deferral Contributions, After-Tax and Roth Contributions are limited to 80 percent of a Participant's Compensation."

IN WITNESS WHEREOF, the Employer has executed this Amendment this 29^th day of October, 2017.

IDAHO POWER COMPANY

Employer

By: /s/ Lonnie G. Krawl

Lonnie G. Krawl

SVP of Administrative Services and

Chief Human Resources Officer