Second Amendment to Xcel Energy Inc. 2005 Omnibus Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective August 26, 2009, changes the name of the Xcel Energy Inc. 2005 Omnibus Incentive Plan to the Xcel Energy Inc. 2005 Long-Term Incentive Plan. The amendment is made by the Board of Directors, following a recommendation from the Governance, Compensation and Nominating Committee, under the authority granted by the plan's terms. No other substantive changes to the plan are described in this amendment.

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EX-10.05 6 a09-30440_1ex10d05.htm EX-10.05

Exhibit 10.05

 

EXHBIT A

 

SECOND AMENDMENT

 

TO THE

 

XCEL ENERGY INC.

 

2005 OMNIBUS INCENTIVE PLAN

 

WHEREAS, according to Section 13(h) of the Xcel Energy Inc. 2005 Omnibus Incentive Plan, the Board of Directors has the authority to amend the terms of the Plan at any time and from time to time, and

 

WHEREAS, the Governance, Compensation and Nominating Committee of the Board of Directors has recommended to the Board that the Plan be amended in certain respects.

 

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended by this Second Amendment, to be effective August 26, 2009, as follows:

 

1.                                       Section 1, Purpose, is hereby amended by substituting the Plan name from the Xcel Energy Inc. 2005 Omnibus Incentive Plan to the following:

 

“Xcel Energy Inc. 2005 Long-Term Incentive Plan”.