ex10-5.htm


    EXHIBIT
      10.5

    Aircraft
      Travel Card Guidelines

    Effective
      date: May 20, 2007

    Page
      1 of 2

     

     

     

    Requests:

    
      	
               

            	
              ·

            	
              ALL
                requests for use of the Corporate Aircraft Travel Card will
                be
                made using the Calpine Corp. Aircraft Travel Card Request Form (“Travel
                Request Form”).

            


    

    
      	
               

            	
              o

            	
              A
                copy of the form is attached.

            


    

    
      	
               

            	
              o

            	
              The
                appropriate business purpose of the requested trip must be provided
                in
                sufficient detail to support the trip
                request.

            


    

    
      	
               

            	
              o

            	
              All
                passengers must be listed by name, title and
                company.

            


    

    
      	
               

            	
              o

            	
              The
                requestor will coordinate the specifics of the trip request with
                the
                Aircraft Travel Card
                Coordinator(s).

            


    

    
      	
               

            	
              §

            	
              Primary-
                Joy Toups, Calpine Corp. (713)
                570-4573

            


    

    
      	
               

            	
              §

            	
              Backup-
                Jean Russillo, Advanced Travel (888)
                650-4063

            


    

    
      	
               

            	
              ·

            	
              The
                employee requesting the flight must be a direct report of the Chief
                Executive Officer.

            


    

    
      	
               

            	
              ·

            	
              Final
                written approval must be obtained from the Chief Executive Officer
                or
                designee before the flight can be
                scheduled.

            


    

    
      	
               

            	
              ·

            	
              Non
                employees flying because of Calpine business are eligible
                passengers.

            


    

    
      	
               

            	
              o

            	
              Professionals
                and consultants whose travel is reimbursed by Calpine are eligible
                non
                employee passengers.

            


    

    
      	
               

            	
              o

            	
              Members
                of the Board of directors are eligible non employee
                passengers.

            


    

    
      	
               

            	
              ·

            	
              No
                passenger, whether an employee or not, is permitted to fly in a
                non-business related capacity, except
                for:

            


    

    
      	
               

            	
              o

            	
              Charitable
                causes, emergency family matters (death of a family member, illness,
                etc.), community service, disaster relief which will be considered
                on a
                case by case basis.

            


    

    
      	
               

            	
              ·

            	
              The
                EVP Shared Services will review all Travel Request Forms for appropriate
                traveler designation and coordinate with Tax and SEC Reporting as
                appropriate.

            


    

    


    Aircraft
      Utilization Guidelines:

    
      	
               

            	
              ·

            	
              For
                flights on aircraft with eight (8) or fewer passenger
                seats, five (5) passengers are required on any round-trip (belted
                lavatory
                seats are not counted).

            


    

    
      	
               

            	
              ·

            	
              For
                flights on aircraft with more than eight (8) passenger
                seats, six (6) passengers are required (belted lavatory seats are
                not
                counted).

            


    

    
      	
               

            	
              ·

            	
              Exceptions
                to the minimum passenger requirements justification must be included
                on
                the Travel Request Form and approved by the Chief Executive Officer
                before
                the travel booking process begins.

            


    

    
      	
               

            	
              ·

            	
              All
                Calpine policies, procedures and conduct of employees apply to anyone
                traveling via use of the Aircraft Travel
                Card.

            


    

    


    Aircraft:

    
      	
               

            	
              ·

            	
              The
                Calpine Aircraft Travel Card allows for the use of a wide range of
                aircraft which will be selected at the time of travel based on the
                nature
                and distance of each trip. The aircraft are grouped into three categories
                including a few examples listed as
                follows:

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
          Aircraft
            Travel Card Guidelines

          Effective
            date: May 29, 2007

          Page 2 of 2        
      
    

      

    

     

    
      	
               

            	
              o

            	
              Light
                – Citation Ultra, Lear 35, Hawker
                400XP

            


    

    
      	
               

            	
              o

            	
              Mid
                – Hawker 800XP, Lear 55, Lear 60, Citation
                VII

            


    

    
      	
               

            	
              o

            	
              Heavy
                – Challenger 600, Gulfstream, Falcon
                900

            


    

     

         
      Aircraft Utilization Cost:

    
      	
               

            	
              ·

            	
              The
                aircraft are further divided into the Preferred and Select groupings
                with
                the Preferred being four to ten years old and the Select slightly
                older.

            


    

    
      	
               

            	
              o

            	
              All
                aircraft are well maintained with the Select aircraft between 20%
                - 25%
                less per hour.

            


    

    
      	
               

            	
              o

            	
              The
                hourly rates include basic catering. The Air Travel Coordinators
                will
                coordinate any required catering.

            


    

    
      	
               

            	
              o

            	
              Travelers
                are encouraged to use Select aircraft whenever
                possible.

            


    

    
      	
               

            	
              ·

            	
              All
                cost associated with the Aircraft Travel card for a particular trip
                will
                be charged to the requesting
                department.

            


    

    
      	
               

            	
              o

            	
              The
                Travel Request Form will include the estimated cost for each trip
                leg. The
                requestor will be required to obtain the equivalent round trip commercial
                airfare should the trip be booked
                commercially.

            


    

    
      	
               

            	
              ·

            	
              Our
                Aircraft Travel Card vendor will have a Traveler Profile for each
                direct
                report to assist in booking through the Aircraft Travel Card Coordinators
                other non air reservations such as car service or rental
                cars.