AMENDMENT TO CLASS B INTEREST AWARD AGREEMENTClass B Interest Award Agreement • August 8th, 2019 • Calpine Corp • Electric services
This Amendment to the Class B Interest Award Agreement (this “Amendment”) is made and entered into effective as of July 23, 2019 (the “Amendment Date”) by and between CPN Management LP, a Delaware limited partnership (“CPN Management”), and Charles Gates (the “Employee”), an employee of Calpine Corporation, a Delaware corporation and a wholly owned subsidiary of CPN Management (“Calpine”). Capitalized terms used herein without definition shall have the meaning ascribed thereto in the Original Agreements (as defined below).
Reference is made to that certain Second Amended and Restated Limited Partnership Agreement of CPN Management, LP, a Delaware limited partnership (“CPN Management”), dated and effective as of August 29, 2018 (as it may be amended, modified or...Award Agreement • August 8th, 2019 • Calpine Corp • Electric services
This Award Agreement sets forth the understanding between CPN Management and Charles Gates (the “Employee”), an employee of Calpine Corporation, a Delaware corporation and a wholly owned subsidiary of CPN Management (“Calpine”), or one of its subsidiaries, regarding the terms and conditions under which CPN Management shall grant the Employee an award of a Class B Interest. Such Class B Interest shall entitle the Employee to share in the profits, losses and distributions of CPN Management to the extent set forth in the CPN Management LP Agreement. The Employee shall be entitled to such other rights, and shall be subject to such obligations, associated with such Class B Interest as are provided in the CPN Management LP Agreement.
AMENDMENT TO CLASS B INTEREST AWARD AGREEMENTClass B Interest Award Agreement • August 8th, 2019 • Calpine Corp • Electric services
This Amendment to the Class B Interest Award Agreement (this “Amendment”) is made and entered into effective as of April 26, 2019 (the “Amendment Date”) by and between CPN Management LP, a Delaware limited partnership (“CPN Management”), and Charles Gates (the “Employee”), an employee of Calpine Corporation, a Delaware corporation and a wholly owned subsidiary of CPN Management (“Calpine”). Capitalized terms used herein without definition shall have the meaning ascribed thereto in the Original Agreements (as defined below).
Calpine Letterhead] August 7, 2019 Charles Gates Re: Bonus PaymentCalpine Corp • August 8th, 2019 • Electric services
We refer to that certain Class B Interest Award Agreements, effective March 8, 2018 and August 29, 2018, between CPN Management, LP, a Delaware limited partnership (“CPN”) and you, as amended, (together the “2018 Agreements”) and that certain Class B Interest Award Agreement, effective June 28, 2019 between CPN and you (the “2019 Agreement”). This letter agreement (the “Agreement”) memorializes our agreement to pay you a cash bonus (the “Bonus”) on each Payment Date in the amount and circumstances set forth herein.
