EX-10.01 2 xcelex1001q22020.htm EX-10.01 Document
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”).
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:
|Name||Tier||Severance Multiple||Change-in-Control Multiple|
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|