AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment, dated as of June 28, 2001, is to the Employment
Agreement, dated as of August 20, 1997, by and between Northeast
Utilities (the "Company") and Xxxxxxx X. Xxxxxx ("Executive"), as
amended.
A. The following sentence is added at the end of Section 1.5 of
the Employment Agreement:
Notwithstanding anything to the contrary in this
agreement, if at the end of the Employment Term
Executive is at least age 60, in no event will the
Special Retirement Benefit be of less value on an
actuarial basis (determined by using the definition of
"Actuarially Equivalent" in the Northeast Utilities
Service Company Retirement Plan) than the benefit that
would have been paid under the Supplemental Plan
(including survivor benefits), assuming that in lieu of
the Special Retirement Benefit, Executive had been
eligible for a Make-Whole Benefit and a Target Benefit
under the Supplemental Plan based only on service
rendered for the Company and CMS.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the day and year first above written.
NORTHEAST UTILITIES EXECUTIVE
By: /s/ Xxxxxxx X. Xxxxxx /s/Xxxxxxx X. Xxxxxx
Its Vice President, Secretary Xxxxxxx X. Xxxxxx
and General Counsel
