FIRST AMENDMENT TO THE SJW CORP. EXECUTIVE SEVERANCE PLAN (As Amended and Restated January 1, 2010 and As Further Amended October 26, 2010)

EX-10.35 9 sjw2016q410kexhibit1035.htm EXHIBIT 10.35 Exhibit

Exhibit 10.35

FIRST AMENDMENT
TO THE
SJW CORP.

EXECUTIVE SEVERANCE PLAN
(As Amended and Restated January 1, 2010 and As Further Amended October 26, 2010)

WHEREAS, SJW Corp. (“SJW California”) maintained the SJW Corp. Executive Severance Plan (the “Plan”);

WHEREAS, SJW California was merged with and into SJW Group, Inc., a Delaware corporation and wholly-owned subsidiary of SJW California (the “Company”);

WHEREAS, effective upon the merger of SJW California with and into the Company (the “Merger”), the Company changed its name to SJW Group;

WHEREAS, at the effective time of the Merger, the Company assumed the Plan; and

WHEREAS, the Company wishes to amend the Plan to reflect the assumption of the Plan by the Company at the effective time of the Merger.

NOW, THEREFORE, the Plan is hereby amended as follows to be effective upon consummation of the Merger:

1.The title of the Plan shall be revised to “SJW Group Executive Severance Plan”.

2.All references to “SJW Corp.” in the Plan shall be replaced with references to “SJW Group”.

3.Except as expressly modified by this First Amendment, all the terms and provisions of the Plan shall continue to remain in full force and effect.

[Signature Page Follows]

DB2/ 30717359.2

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 15th day of November, 2016.



SJW Group


By:	/s/ W. Richard Roth
	W. Richard Roth, President,
	Chief Executive Officer and
	Chairman of the Board of Directors

DB2/ 30717359.2

[Signature Page to the First Amendment to the Executive Severance Plan]