Seventh Amendment dated May 7, 2018 to the Xcel Energy Senior Executive Severance and Change-in-Control Policy

EX-10.01 2 exhibit1001.htm EXHIBIT 10.01 Exhibit


Exhibit 10.01

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

THIS SEVENTH AMENDMENT is made this 7th day of May, 2018, 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 May 7, 2018.

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

1.
Schedule I - Participants: Schedule I to the Policy is hereby amended to add Brett Carter to the Schedule as a Tier I Participant as follows:

Name
Tier
Severance Multiple
Change-in-Control Multiple
Brett Carter
1
1
3


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 May 7, 2018.

XCEL ENERGY INC.             
By: /s/ Darla Figoli__________________
Its: _Chief Human Resources Officer__