Amendment No. 4 to OGE Energy Corp. Deferred Compensation Plan (Effective January 1, 2005)

Contract Categories: Business Finance › Modification Agreements
Summary

OGE Energy Corp. has amended its Deferred Compensation Plan, effective August 1, 2013, or a later date as approved by Pete Delaney. The amendment changes how participants can make investment elections for certain discretionary credits, specifically those tied to the company's common stock or partnership units. These credits and their related account portions cannot be redirected to other investment options except as allowed by the terms of the award. The amendment was authorized by the Board of Directors and signed by the Vice President and CFO.

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EX-10.01 2 q32013oge10-qxex1001.htm EXHIBIT 10.01 Q3 2013 OGE 10-Q - Ex. 10.01


Exhibit 10.01
Proposed Amendment Number 4 to the
OGE Energy Corp. Deferred Compensation Plan
(As Amended and Restated Effective January 1, 2005)
OGE Energy Corp., an Oklahoma corporation (the “Company”), by action of its Board of Directors taken in accordance with the authority granted to it by Article X of the OGE Energy Corp. Deferred Compensation Plan (As Amended and Restated Effective January 1, 2005), as heretofore amended (the “Plan”), hereby further amends the Plan in the following respects effective August 1, 2013 or such later date as approved by Pete Delaney:
1.By deleting the fifth sentence of Section 6.2 of the Plan and inserting in lieu thereof the following:

“Any such election shall be made in the form and at the time specified by the Administrator, including electronically; provided, however, that any Discretionary Credits allocable for investment in the assumed investment alternative based on the Company's common stock or on Partnership Units, as the case may be, and the portion of the Account attributable to such Discretionary Credits may not be redirected to other assumed investment alternatives, except to the extent permitted by the terms of the award of such Discretionary Credits.”

IN WITNESS WHEREOF, the Company has caused this instrument to be signed by a duly authorized officer on this 1st day of November, 2013.
OGE ENERGY CORP.
 
 
 
 
 
 
By:
/s/ Sean Trauschke
 
Sean Trauschke
 
Vice President and Chief Financial Officer