Schedule of Employment Continuation Agreements for Named Executive Officers (September 30, 2018)

Summary

This document lists the severance benefits for certain executive officers in the event of a change of control at the company. Stephen D. Westhoven, the President and CEO, is entitled to three times his annual base salary plus the average of his last three annual bonuses. Other named executives, including the CFO, COO, CHRO, and General Counsel, are each entitled to two times their annual base salary plus the average of their last three annual bonuses. These benefits are payable if their employment is terminated following a change of control.

EX-10.16 8 exhibit1016ascheduleof.htm EX-10.16 SEPTEMBER 30, 2020 Document

Exhibit 10.16(a)

Schedule of Employment Continuation Agreements of Named Executive Officers dated September 30, 2018.


Name			Termination Benefit
Stephen D. Westhoven, President and Chief Executive Officer			Three times the sum, of (x) his then annual base salary and (y) the average of his annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control.
Patrick J. Migliaccio, Senior Vice President and Chief Financial Officer			Two times the sum, of (x) her then annual base salary and (y) the average of her annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control (“2x”).
Amy Cradic, Senior Vice President and Chief Operating Officer, Non-Utility Businesses, Strategy and External Affairs			2x
Amanda Mullan, Senior Vice President and Chief Human Resources Officer			2x
Nancy A. Washington, Senior Vice President and General Counsel			2x