Exhibit 10.37

FIRST AMENDMENT
TO THE
SAN JOSE WATER COMPANY
SPECIAL DEFERRAL ELECTION PLAN
(October 23, 2012 Amendment and Restatement, Effective as of January 1, 2013)
WHEREAS, San Jose Water Company (the “Company”) maintains the San Jose Water
Company Special Deferral Election Plan (the “Plan”);
WHEREAS, SJW Corp., the corporate parent of the Company, will be merged with and
into SJW Group, Inc., a Delaware corporation, which thereafter will change its
name to SJW Group, for the purpose of changing the state of incorporation of SJW
Corp. from California to Delaware (collectively, the “Merger”); and
WHEREAS, the Company wishes to amend the Plan to reflect the Merger.
NOW, THEREFORE, the Plan is hereby amended as follows to be effective upon
consummation of the Merger:
1.All references to “SJW Corp.” in the Plan shall be replaced with references to
“SJW Group”.
2.The first sentence of Section 3.04 is amended in its entirety to read as
follows:
3.04    “Change in Control” shall mean a change in ownership or control of the
Corporation or a change in ownership or control of SJW Group, a Delaware
corporation (“SJW Group”) which occurs while SJW Group is the beneficial owner
(as determined pursuant to Rule 13d-3 of the 1934 Act) of securities that
possess more than fifty percent (50%) of the total combined voting power of the
Corporation’s outstanding voting securities.
2.Except as expressly modified by this First Amendment, all the terms and
provisions of the Plan shall continue to remain in full force and effect.
[Signature Page Follows]

DB2/ 26294567.3
 
 
 

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IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed
on this 26th day of October, 2016.

SAN JOSE WATER COMPANY
 
 
 
 
By:
/s/ W. Richard Roth
 
W. Richard Roth, Chief Executive Officer and
 
Chairman of the Board of Directors
 
 

DB2/ 26294567.3
[Signature Page to First Amendment to the Special Deferral Election Plan]