Ninth Amendment to Xcel Energy Senior Executive Severance and Change-In-Control Policy

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment, effective June 1, 2020, is made by Xcel Energy Inc. to its Senior Executive Severance and Change-In-Control Policy. The amendment adds Darla Figoli and Amanda Rome as Tier I participants, specifying their severance and change-in-control multiples. All other terms of the policy remain unchanged. The amendment is executed by Xcel Energy's Chairman and CEO.

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EX-10.01 2 xcelex1001q22020.htm EX-10.01 Document
Exhibit 10.01
Ninth Amendment
to the
Xcel Energy Senior Executive Severance and Change-In-Control Policy

THIS NINTH AMENDMENT is made this 22nd day of May, 2020, by Xcel Energy Inc. (the “Principal Sponsor”).

WITNESSETH:

WHEREAS, the Principal Sponsor maintains the Xcel Energy Senior Executive Severance and Change-In-Control Policy (the “Policy”), and

WHEREAS, the Board of Directors of the Principal Sponsor (the “Board”) has reserved the right to make amendments to the Policy, and

WHEREAS, the Governance, Compensation and Nominating Committee of the Board of Directors of the Principal Sponsor (the “Committee”) has reserved the right to appoint or remove Participants under the Policy, and

WHEREAS, the Committee wishes to amend the Policy in certain respects to add a Participant to Schedule I to be effective June 1, 2020.

NOW, THEREFORE, the Policy is hereby amended as follows:

1.Schedule I - Participants: Schedule I to the Policy is hereby amended to add those noted below to the Schedule as a Tier I Participants:

NameTierSeverance MultipleChange-in-Control Multiple
Darla Figoli113
Amanda Rome113

2.Savings Clause. Except as hereinabove set forth, the Xcel Energy Senior Executive Severance and Change-In-Control Policy shall continue in full force and effect.

IN WITNESS WHEREOF, Xcel Energy Inc. has caused this instrument to be enacted by its duly authorized officer as of the date set forth to be effective June 1, 2020.
XCEL ENERGY INC.
By:/s/ BEN FOWKE
Its:Chairman and Chief Executive Officer