Form of Waiver and Agreement Sample Contracts

FORM OF WAIVER AND AGREEMENT
Form of Waiver and Agreement • June 30th, 2005 • ITC Holdings Corp. • Electric services • Michigan

This Waiver and Agreement, dated as of the day of 2005 (this “Agreement”) is being entered into by and between ITC HOLDINGS CORP., a corporation incorporated under the laws of the State of Michigan (the “Company”) and the person identified on Schedule A hereto (each such person, the “Employee”). All capitalized terms not otherwise defined herein shall have the meanings set forth in the Management Stockholder’s Agreement entered into by and between the Company and the Employee (the “Stockholder’s Agreement”).

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