Amendment to Change in Control Agreement between Duke Energy Corporation and Executive
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Summary
This amendment updates a change in control agreement between Duke Energy Corporation and an executive. It revises the definition of a key term related to the executive's authority and committee membership following a change in control. All other terms of the original agreement remain unchanged. The amendment is effective as of a specified date in 2024 and is signed by both parties.
EX-10.1 2 duk-20240630x10qxexx101.htm EX-10.1 Document
By: ________________________________ Name: Lynn J. Good
Title: Chair and Chief Executive Officer
Date: ________________________
____________________________________
EXHIBIT 10.1
AMENDMENT TO AGREEMENT
The change in control agreement by and between [●] and Duke Energy Corporation dated as of [●] (the “Agreement”), is hereby amended, effective as of [●], 2024, as follows:
1. Section 1(T)(iii) of the Agreement is hereby deleted in its entirety and replaced with the following:
“(iii) both a material diminution in the Executive’s authority, duties or responsibilities from those in effect immediately before the Change in Control and removal of the Executive from the Senior Management Committee (or any successor to that committee).”
2. Except as explicitly set forth herein, the Agreement will remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this amendment as of the dates set forth below.
DUKE ENERGY CORPORATION
By: ________________________________ Name: Lynn J. Good
Title: Chair and Chief Executive Officer
Date: ________________________
EXECUTIVE
____________________________________
Date: ________________________
