IDACORP, Inc. and Idaho Power Company Executive Officer Amended and Restated Change in Control Agreements (as of February 20, 2020)

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. These agreements outline the terms and protections for executives if there is a change in control of the company, such as severance or other benefits. Some agreements do not include certain provisions like a 13th-month trigger or tax gross-up. The agreements are specific to each executive and are designed to provide security and clarity regarding their employment in the event of significant corporate changes.

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EX-10.25 4 ida123119ex1025.htm EXHIBIT 10.25 Exhibit


Exhibit 10.25

IDACORP, Inc. and/or Idaho Power Company Executive Officers
with Amended and Restated Change in Control Agreements
(as of February 20, 2020)

Name
 
Title
 
Date of Agreement
Ryan Adelman*
 
Vice President, Transmission & Distribution Engineering and Construction of Idaho Power Company
 
10/5/2019
Darrel T. Anderson
 
President and Chief Executive Officer of IDACORP, Inc. and Chief Executive Officer of Idaho Power Company
 
12/23/2008
Brian R. Buckham*
 
Senior Vice President and General Counsel of IDACORP, Inc. and Idaho Power Company
 
4/4/2016
Sarah E. Griffin*
 
Vice President, Human Resources of Idaho Power Company
 
10/5/2019
Lisa A. Grow
 
President of 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
Steven R. Keen
 
Senior Vice President, Chief Financial Officer, and Treasurer of IDACORP, Inc. and Idaho Power Company
 
12/30/2008
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
Adam Richins*
 
Senior Vice President & Chief Operating Officer of Idaho Power Company
 
2/8/2017
*Change in control agreement does not include 13th-month trigger or tax gross-up provisions.



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