NRG Energy, Inc. CEO and CFO Compensation Table for 2008 2008 Annual Incentive Plan Design Grants Under the Long Term Incentive Plan Non-Qualified 2008 Base Restricted Stock PerformanceName and Title Salary Target Maximum Stock Units(3) Options(4) Units(5) David Crane,President and ChiefExecutive Officer $ 1,100,000 100 %(1) 200 %(1) 19,100 192,000 37,100 Robert C. Flexon,Executive VicePresident and ChiefFinancial Officer $ 605,000 75 %(2) 150 %(2) 5,300 52,800 10,200

EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

Exhibit 10.1

NRG Energy, Inc.
CEO and CFO Compensation Table for 2008

                                                         
            2008 Annual            
            Incentive Plan Design           Grants Under the Long Term Incentive Plan
                                            Non-Qualified    
    2008 Base                           Restricted   Stock   Performance
Name and Title      Salary        Target       Maximum             Stock Units(3)   Options(4)     Units(5)  
David Crane, President and Chief Executive Officer
   $ 1,100,000       100 %(1)     200 %(1)             19,100       192,000       37,100  
Robert C. Flexon, Executive Vice President and Chief Financial Officer
   $ 605,000       75 %(2)     150 %(2)             5,300       52,800       10,200  

  (1)   For fiscal 2008, Mr. Crane’s target incentive for annual incentive compensation will be 100% of base salary with a maximum opportunity of 200% of base salary. Incentive components for Mr. Crane include targets based on NRG’s free cash flow and EBITDA in 2008, as well other relevant operating performance objectives.

  (2)   For fiscal 2008, Mr. Flexon’s target incentive for annual incentive compensation will be 75% of base salary with a maximum opportunity of 150% of base salary. Incentive components for Mr. Flexon include targets based on NRG’s free cash flow and EBITDA in 2008, as well as other relevant operating performance objectives.

  (3)   Each Restricted Stock Unit (“RSU”) is equivalent to one share of NRG’s common stock, par value $0.01. Messrs. Crane and Flexon will receive from NRG one such share of common stock for each RSU on January 2, 2011.

  (4)   Non-Qualified Stock Options will vest and become exercisable as follows: 33 1/3% on January 2, 2009, 33 1/3% on January 2, 2010 and 33 1/3% on January 2, 2011. Stock options will expire six years from the date of grant.

  (5)   Messrs. Crane and Flexon will be issued Performance Units (“PU’s”) by NRG under its Long-Term Incentive Plan on January 2, 2008. Each PU will be paid out on January 2, 2011 if the average closing price of NRG’s Common Stock for the ten trading days prior to January 2, 2011 (the “Measurement Price”) is equal to or greater than 12% growth in the NRG stock price compounded annually over three years, i.e cost of equity at target, based on the closing share price on January 2, 2008 (the “Target Price”). The payout for each PU will be equal to: (i) one share of common stock, if the Measurement Price equals to the Target Price; (ii) a pro-rated amount in between one and two shares of common stock, if the Measurement Price equals to the Target Price but less than 18% growth in the NRG stock price compounded annually over three years, i.e cost of equity at maximum, based on the closing share price on January 2, 2008 (the “Maximum Price”); and (iii) two shares of common stock, if the Measurement Price is equal to or greater than the Maximum Price.