AMENDMENT TO EMPLOYMENT AGREEMENT FOR ELIZABETH BUSH HIGGINS

EX-10.16(B) 5 a2227903zex-10_16b.htm EX-10.16(B)

Exhibit 10.16(b)

 

AMENDMENT TO EMPLOYMENT AGREEMENT

FOR

ELIZABETH BUSH HIGGINS

 

The parties hereto agree to amend the Employment Agreement between Oglethorpe Power Corporation (An Electric Membership Corporation) (“Company”) and Elizabeth Bush Higgins (“Employee”) dated as of January 1, 2007 (the “Agreement”) to change the notice period relating to automatic renewals each year from November 30th to December 31st.

 

The current Section 1(a) of the Agreement will be replaced by the following language:

 

(a)                                 Automatic Renewal.  This Agreement shall be automatically extended for an unlimited number of one-year periods, unless on or before December 31st (twelve (12) months before the expiration of any extended term), either Party to the Agreement provides the other written notice of its desire not to automatically renew this Agreement.”

 

So agreed, effective as of January 7, 2016.

 

 

Employee:

 

Company:

 

 

 

 

 

 

/s/ Elizabeth Bush Higgins

 

/s/ Michael L. Smith

Elizabeth Bush Higgins

 

Michael L. Smith

 

 

President and Chief Executive Officer