AMENDMENT TO LONG TERM INCENTIVE AWARD AGREEMENT
EX-10.Y 5 ex10y.htm EXHIBIT 10.Y AGREEMENT TO AMEND LONG-TERM INCENTIVE AWARD Exhibit
AMENDMENT TO LONG TERM INCENTIVE AWARD AGREEMENT
The Long Term Incentive Award Agreement between Northwest Natural Gas Company, an Oregon corporation (the “Company”), and ________ (“Recipient”) dated February 25, 2015 (the “Agreement”), is hereby amended as follows:
1. Section 4.4 of the Agreement is amended to read in its entirety as follows:
“4.4 “Retirement” shall mean termination of employment after Recipient is (a) age 62 with at least five years of service as an employee of the Company, or (b) age 55 with age plus years of service (including fractions) as an employee of the Company totaling at least 70.”
2. | Except as otherwise provided herein, all other provisions of the Agreement shall remain in full force and effect. |
IT IS SO AGREED:
NORTHWEST NATURAL _________________________
GAS COMPANY
By:__________________________ _____________________________
Sr. Vice President Dated: ____________, 2016
Dated: ____________, 2016
