Amendment No. 4 to Northeast Utilities Deferred Compensation Plan for Trustees
This amendment updates the Northeast Utilities Deferred Compensation Plan for Trustees, effective September 12, 2006. It clarifies that the Board of Trustees or its Compensation Committee can amend or terminate the plan at any time, but such changes cannot reduce a trustee's rights to amounts already credited to their deferred compensation accounts or accelerate payment, unless required by law. The amendment ensures trustees' accrued benefits are protected from most plan changes.
Exhibit 10.5.2
AMENDMENT NO. 4 TO
NORTHEAST UTILITIES DEFERRED COMPENSATION PLAN FOR TRUSTEES
The Northeast Utilities Deferred Compensation Plan for Trustees, as amended (the “Plan”), is hereby further amended, effective September 12, 2006, as follows:
Article 8 of the Plan is amended to read in its entirety as follows:
“This Plan may be amended or terminated by the Board of Trustees or by the Compensation Committee of the Board at any time; provided, however, that no such amendment or termination, unless required under statute, regulation, other law, or rule of a governing or administrative body having the effect of a statute or regulation, shall serve to diminish the rights of a Trustee with respect to amounts credited to his or her Deferred Cash and/or Deferred Stock Compensation Accounts or accelerate payment of such amounts.”
