Itron, Inc. Change in Control Agreements with Executive Officers

Itron, Inc. has entered into Change in Control Agreements with several of its executive officers. These agreements outline the terms and conditions that apply if there is a change in control of the company, such as a merger or acquisition. The agreements typically provide certain protections and benefits to the executives, such as severance pay or continued benefits, if their employment is terminated under specific circumstances following a change in control. One agreement includes modifications to comply with French law. The agreements are designed to ensure stability and retention of key personnel during significant corporate transitions.