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| EXHIBIT      A 10.5.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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| FORM      OF CHANGE IN CONTROL AGREEMENT THIS CHANGE IN      CONTROL AGREEMENT with an effective date of      ___________  (this “Agreement”), is made by and between Central      Vermont Public Service Corporation (“Company”), and ___________________      (“Executive”). WHEREAS,      the Board of Directors of Company (the “Board”) recognizes that the      possibility of a Change in Control (as hereinafter defined) of Company      exists and that such possibility, and the uncertainty it may cause, may      result in the departure or distraction of key management employees of      Company or of a Subsidiary (as hereinafter defined) to the detriment of      Company and its stockholders; WHEREAS,      Executive is a key management employee of Company or of a      Subsidiary; WHEREAS,      the Board has determined that Company should encourage the continued      employment of Executive and the continued dedication of Executive to his      assigned duties without distraction as a result of the circumstances      arising from the possibility of a Change in Control; WHEREAS,      the Company and Executive are parties to the Change in Control Agreement      dated as of _______________ (the “OriginalAgreement”); WHEREAS,      the American Jobs Creation Act of 2004 included new statutory rules under      Section 409A of the Internal Revenue Code of 1986, as amended (“Code”)      that substantially altered the income tax treatment of compensation that      is regarded, under those rules, as deferred pursuant to a nonqualified      deferred compensation plan; WHEREAS,      under Section 409A, unless certain limitations on payment and other      requirements are provided for in a deferred compensation plan,      participants may be subject to regular income tax on amounts payable      pursuant to such deferred compensation plan before payments are made as      well as to a 20% excise tax; WHEREAS,      the Original Agreement is subject to the requirements of Section      409A; |

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| WHEREAS,      the Original Agreement will, in accordance with its terms, terminate on      April 5, 2009; and WHEREAS,      the Company and Executive desire to enter into a new change in control      agreement that complies with the requirements of Section 409A and      incorporates other important changes to the terms of the Original      Agreement, and to have such new agreement take effect on April 6,      2009. NOW      THEREFORE, in consideration of the premises and the mutual      covenants herein contained, Company and Executive hereby agree as      follows: 1.    Defined      Terms.  For purposes of this Agreement, the following      terms shall have the meanings indicated below: “Annual      Incentive Plan” shall mean the Central      Vermont Public Service CorporationManagement      Incentive Plan, and any one or more other formalized plans, if any,      in which Executive is or may become eligible to participate providing      incentive compensation payable in cash to eligible participants determined      on the basis of a measuring period not in excess of 12 calendar months,      but shall expressly exclude, without limitation, the Central      Vermont Public Service CorporationPerformance      Share Incentive Plan (the “Performance Share Plan”), the      Central      Vermont Public Service Corporation Officers’ Supplemental Retirement and      Deferred Compensation Plan, the Deferred      Compensation Plan for Officers and Directors of Central Vermont Public      Service Corporation, the Central      Vermont Public Service CorporationOmnibus Stock      Plan, and any plan qualified or intended to be qualified under Code      Section 401(a) and any amendment or restatement of, or successor plan to,      any of the foregoing plans in effect from time to time, and any executive      fringe benefits. “Annual      Incentive Target” shall mean with respect to any measuring period,      the amount of cash compensation that would be payable to Executive under      the Annual Incentive Plan for such measuring period, computed assuming      that the target level of performance has been achieved with respect to a      performance goal identified in accordance with the terms of the Annual      Incentive Plan. |
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| “Board”      shall have the meaning provided for in the first whereas clause      above, however, it shall include, unless specifically stated otherwise,      any committee of the Board to which the Board has delegated authority to      act on its behalf. “Cause”      for termination by Company of Executive’s employment shall      mean: (i) the      willful failure by Executive substantially to perform Executive’s duties      with Company or a Subsidiary, (other than any failure resulting from      Executive’s incapacity due to Executive’s Disability, or any actual      failure after the issuance of a Notice of Termination for Good Reason by      Executive in accordance with paragraph (A) of Section 8)) that continues      for at least 30 calendar days after the Board delivers to Executive a      written demand for performance that identifies specifically and in detail      the manner in which the Board believes that Executive willfully has failed      substantially to perform Executive’s duties, (ii)      a conviction, guilty plea or plea of nolo contendere of Executive for any      felony, (iii)      the willful engaging by Executive in misconduct that is demonstrably and      materially injurious to Company or any Subsidiary, monetarily or      otherwise, (iv)      a material violation by Executive of the corporate governance guidelines      and code of ethics of Company or any Subsidiary; (v)      a material violation by Executive of the requirements of the      Sarbanes-Oxley Act of 2002 or other federal or state securities law, rule      or regulation, or (vi)      a material breach by Executive of any of the restrictive covenants      contained in Section 9. For      purposes of this definition, no act, or failure to act, on Executive’s      part shall be deemed “willful” unless done, or omitted to be done, by      Executive not in good faith and without reasonable belief that Executive’s      act, or failure to act, was in the best interest of Company and its      Subsidiaries. “Change in      Control” shall mean, if at any time subsequent to the date of this      Agreement, any of the following events shall have      occurred: (i)      The acquisition by any individual, entity or “group,” within the meaning      of Section 13(d)(3) of the Exchange Act (a “Person”), of beneficial      ownership (within the meaning of Rule 13d-3 promulgated under the Exchange      Act) of voting securities of Company representing 20% or more of the      combined voting power of the then outstanding voting securities of Company      entitled to vote generally in the election of directors (the “Outstanding      Voting Securities”); |
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| (ii)      Individuals who, as of the date hereof, constitute the Board (the      “Incumbent Board”) cease for any reason to constitute at least two-thirds      of the Board; provided,      however,      that any individual becoming a director subsequent to the date hereof      whose election, or nomination for election by Company’s stockholders, was      approved by a vote of at least two-thirds of the directors then comprising      the Incumbent Board shall be considered as though such individual were a      member of the Incumbent Board, but excluding, for this purpose, any such      individual whose initial assumption of office occurs as a result of an      actual or threatened election contest with respect to the election or      removal of directors or other actual or threatened solicitation of proxies      or consents by or on behalf of a person other than the Board; (iii)      The consummation of a reorganization, merger or consolidation or sale or      other disposition of more than 50% of the assets of Company (a “Capital      Transaction”), in each case, unless, following such Capital Transaction ,      all or substantially all of the individuals and entities who were the      beneficial owners, respectively, of the Outstanding Voting Securities      immediately prior to such Capital Transaction beneficially own, directly      or indirectly, at least 60% of the combined voting power of the then      outstanding voting securities entitled to vote generally in the election      of directors, as the case may be, of the corporation resulting from such      Capital Transaction (including, without limitation, a corporation which as      a result of such transaction owns Company or all or substantially all of      Company’s assets either directly or through one or more subsidiaries), in      substantially the same proportions as their ownership, immediately prior      to such Capital Transaction of the Outstanding Voting Securities;      or (iv)      Approval by the stockholders of Company of a complete liquidation or      dissolution of Company. “Company”      shall mean Central Vermont Public Service Corporation and any successor to      its business or assets, by operation of law or      otherwise. “Date of      Termination” shall have the meaning provided for in paragraph (B)      of Section 8 hereof. “Disability”      shall be deemed the reason for the termination by Company      of  Executive’s employment, if, as a result of Executive’s      incapacity due to physical or mental illness, Executive shall have been      absent from the full-time performance of Executive’s duties with Company      or a Subsidiary for a period of six consecutive months, Company shall have      given Executive a Notice of Termination for Disability, and, within 30      business days after the Notice of Termination is given, Executive shall      not have returned to the full-time performance of Executive’s      duties. “Exchange      Act” shall mean the Securities Exchange Act of 1934, as      amended. “Executive”      shall mean the individual named in the first paragraph of this      Agreement. |
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| “Good      Reason” for termination by Executive of Executive’s employment      shall mean the occurrence, without Executive’s express written consent, of      any one of the following: (i) the      assignment to Executive of any duties inconsistent with Executive’s status      as an executive officer of Company or of a Subsidiary or a substantial      adverse alteration in the nature or status of Executive’s responsibilities      from those in effect immediately prior to the Change in Control, excluding      for this purpose an isolated and inadvertent action by Company or a      Subsidiary not taken in bad faith and which is remedied by Company or      Subsidiary within 10 days after receipt of notice thereof given by the      Executive and further provided that neither mere changes in title and/or      reporting relationship nor reassignment following a Change in Control to a      position that is substantially similar to the position held immediately      prior to the Change in Control shall constitute a substantial adverse      alteration in the nature or status of Executive’s responsibilities from      those in effect immediately prior to the Change in      Control; (ii)      a reduction by Company in Executive’s annual base salary to any amount      that is less than 90% of Executive’s annual base salary as in effect      immediately prior to the Change in Control; (iii)      the failure by Company (x) to continue in effect any compensation plan in      which Executive participates immediately prior to the Change in Control      that is material to  Executive’s total compensation, including      but not limited to, stock option, restricted stock, long-term and      short-term incentive compensation, bonus, and other plans; unless an      equitable alternative arrangement embodied in an ongoing substitute or      alternative plan has been made, or (y) to continue Executive’s      participation therein (or in a substitute or alternative plan) on a basis      not materially less favorable, both in terms of the amount of compensation      provided and the level of Executive’s participation relative to other      participants, than existed immediately prior to the Change in      Control; (iv)      the relocation of the principal executive offices of Company to a location      more than 75 miles from the location of such offices immediately prior to      the Change in Control or Company’s requiring Executive to be based      anywhere other than the principal executive offices of Company, or in the      case that Executive was not based at the principal executive offices of      Company immediately prior to the Change in Control, to a location more      than 75 miles from the location where Executive was based immediately      prior to the Change in Control, except for required business travel to an      extent substantially consistent with Executive’s business travel      obligations immediately prior to the Change in Control; (v)      the termination of Executive’s employment for any reason during the 30-day      period commencing on the first anniversary of the Change in Control if, on      the first anniversary of the Change in Control, a majority of the      Company’s (or if the Company’s shares are not publicly traded, the      Company’s ultimate parent whose shares are publicly traded) board of      directors were not members of the Board immediately prior to the Change in      Control (a “Voluntary TerminationEvent”); |
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| (vi)      the failure by Company to pay to Executive any material portion of      Executive’s current or deferred compensation under any deferred      compensation program of Company, within 5 business days after the date the      compensation is due (taking into account applicable restrictions under      Section 409A) or to pay or reimburse Executive for any expenses incurred      by him for required business travel; (vii)      the failure by Company to continue to provide Executive with substantially      the same benefits enjoyed by Executive under any of Company’s pension,      profit-sharing, life insurance, medical, health and accident, disability,      or other employee benefit plans in which Executive was participating      immediately prior to the Change in Control; the failure by Company to      continue to provide Executive any material fringe benefit or perquisite      enjoyed by Executive immediately prior to the Change in Control; or the      failure by Company to provide Executive with the number of paid vacation      days to which Executive is entitled in accordance with Company’s normal      vacation policy in effect immediately prior to the Change in Control;      or (viii)      any failure by Company to comply with and satisfy Section 13(A)      (concerning a successor’s assumption of Company’s obligations hereunder),      other than a failure not occurring in bad faith and which is remedied by      Company promptly after receipt of notice thereof given by      Executive. For      purposes of this definition of “Good Reason,” the terms “material” and      “materially” and phrase “substantially the same” are intended to be      satisfied where the value of the benefit or benefits that are provided      after a Change in Control equal or exceed 90% of the value of the      comparable benefit or benefits immediately before the Change in      Control. Gross-up      Amount means the amount determined by multiplying the taxable      benefit by a fraction where the numerator is one and the denominator is      one  minus the applicable tax rate.  The applicable      tax rate shall be the sum of (i) the highest federal individual income tax      rate (currently 35%), plus (ii) 60% of the highest applicable state      individual income tax rate (if any), in each case for the calendar year in      which Executive receives a taxable benefit. “Non-Interference/Assistance      Period” shall mean the period commencing with the Termination Date      and ending on the first anniversary of the Termination      Date. “Notice of      Termination” shall have the meaning stated in paragraph (A) of      Section 8 hereof. “Payment      Period” shall mean the 3-year period following the date on which a      Change in Control isconsummated. |
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| “Payment      Trigger” shall mean the occurrence of a Change in Control during      the term of this Agreement coincident with or followed at any time before      the end of the Payment Period by the termination of Executive’s employment      with Company or a Subsidiary in a manner that constitutes a “separation      from service”, as defined in Section 409A, for any reason other than (i)      by Executive without Good Reason, (ii) by Company as a result of the      Disability of Executive or with Cause or, (iii) as a result of the death      of Executive. “Section      409A” shall mean Code Section 409A and any proposed, temporary or      final regulations, or any other guidance, promulgated with respect to such      Section 409A by the U.S. Department of Treasury or the Internal Revenue      Service. “Subsidiary”      shall mean any corporation or other entity or enterprise, whether      incorporated or unincorporated, of which at least a majority of the      securities or other interests having by their terms ordinary voting power      to elect a majority of the board of directors or others serving similar      functions with respect to such corporation or other entity or enterprise      is owned by Company or other entity or enterprise of which Company      directly or indirectly owns securities or other interests having all the      voting power. “Termination      Date” shall have the meaning provided for in paragraph (B) of      Section 8 hereof. 2.         Term      of Agreement. (A)  In      General.  This Agreement shall become effective on the      date hereof and shall continue in effect for a period of 3 years provided      that if the Executive shall die or a Termination Date shall occur prior to      a Change in Control, this Agreement shall terminate on the earlier of the      date of Executive’s death or the Termination Date. (B)  Extension      of Term.  Notwithstanding Section 2(A), the term of the      Agreement shall continue if, prior to the third anniversary of the date of      this Agreement, a Change in Control (i) is eminent, or (ii) has      occurred.  In the case of (i) or (ii), the term of the Agreement      shall be extended until either (x) the expiration of the 3-year Payment      Period within which a Payment Trigger does not occur, or (y) if a Payment      Trigger does occur within the 3-year Payment Period, the date on which the      Company has performed all of its obligations and liabilities under      this |
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| Agreement.  For      this purpose, a Change in Control shall be regarded as eminent if it is      reasonably likely to occur within 6 months following the expiration date      provided for the Agreement in Section 2(A).  If the anticipated      Change in Control does not occur within such 6-month period, the Agreement      shall expire at the conclusion of the 6-month period unless extended by      mutual agreement of the parties. 3.         General      Provisions. (A)  Representations      of Company.  Company hereby represents and warrants to      Executive that the execution and delivery of this Agreement and the      performance by Company of the actions contemplated hereby have been duly      authorized by all necessary corporate action on the part of Company; this      Agreement is a legal, valid and legally binding obligation of Company      enforceable in accordance with its terms; and neither the execution or      delivery of this Agreement nor the consummation by Company of the actions      contemplated hereby (i) will violate any provision of the certificate of      incorporation or bylaws (or other charter documents) of Company, (ii) will      violate or be in conflict with any applicable law or any judgment, decree,      injunction or order of any court or governmental agency or authority, or      (iii) will violate or conflict with or constitute a default (or an event      of which, with notice or lapse of time or both, would constitute a      default) under or will result in the termination of, accelerate the      performance required by, or result in the creation of any lien, security      interest, charge or encumbrance upon any of the assets or properties of      Company under, any term or provision of the certificate of incorporation      or bylaws (or other charter documents) of Company or of any contract,      commitment, understanding, arrangement, agreement or restriction of any      kind or character to which Company is a party or by which Company or any      of its properties or assets may be bound or affected. (B)  Conditions      Precedent to Payment.  No amount or benefit shall be      payable under this Agreement unless there shall have occurred a Payment      Trigger during the term of this Agreement.  In no event shall      payments in accordance with this Agreement be made in respect of more than      one Payment Trigger. |
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| (C)  No      Contract of Employment.  This Agreement shall not be      construed as creating an express or implied contract of employment and,      except as otherwise agreed in writing between Executive and Company,      Executive shall not have any right to be retained in the employ of Company      or of a Subsidiary. Notwithstanding the immediately preceding sentence or      any other provision of this Agreement, no purported termination of      Executive’s employment that is not effected in accordance with a Notice of      Termination satisfying paragraph (A) of Section 8 shall be effective for      purposes of this Agreement. Executive’s right, following the occurrence of      a Change in Control, to terminate his employment under this Agreement for      Good Reason shall not be affected by Executive’s Disability or incapacity.      Executive’s continued employment shall not constitute consent to, or a      waiver of rights with respect to, any act or failure to act constituting      Good Reason under this Agreement. 4.         Payments      Due Upon a Payment Trigger.  Upon the occurrence of a      Payment Trigger during the term of this Agreement, Executive shall receive      payments from the Company,  or distributions from plans      maintained by the company, as provided for in this Section 4. (A)  Accrued      Compensation.  Company shall pay to Executive the      following amounts in a lump sum within 30 days following the Termination      Date: (i)      Executive’s annual base salary through the Termination Date to the extent      not theretofore paid; (ii) the amount of any incentive compensation that      has been allocated or awarded to Executive for a completed fiscal year or      other completed measuring period preceding or coinciding with the      occurrence of the Termination Date under any incentive compensation plan      that is due and payable at such time under the terms of such plan but has      not yet been paid to Executive; and (iii) any accrued vacation pay to the extent not      theretofore paid. (B)  Long-Term      and Short-Term Incentive Compensation.  With regard to      any long-term or short-term incentive compensation plan in which Executive      is a participant, including by way of example and not limitation, the Performance      Share Plan and the Annual Incentive Plan, Company shall pay the pro rata      portion of the award that would have been paid had Executive’s Termination      Date not occurred prior to the completion of the relevant fiscal year or      other measuring period.  In each case, the pro rata portion      shall be calculated on a daily basis unless the underlying incentive      compensation arrangement specifies a different method for the pro ration      of the benefit.    The amount of the award shall be      calculated on the assumption that performance is at target levels unless      Code |
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| Section      162(m) requires that it be based on the lesser of actual performance or      target.  Payments and/or awards shall be made on the first to      occur of (i) the payment/award date specified in the applicable plan or      (ii) within the 30-day period commencing on the 60th      day following the Termination Date unless a later date is required by (x)      Section 7 (relating to Section 409A) or (y) Code Section      162(m). (C)  Severance      Compensation.  Company shall pay to Executive in a lump      sum in cash within the 30-day period commencing on the 60th      day following the Termination Date, or within such later period as      required by Section 7 (relating to Section 409A), an amount equal to the      product of: (i) [2.0      to 2.99] multiplied by, (ii) the sum of (x) the higher of      Executive’s annual base salary in effect immediately prior to the      occurrence of the Change in Control or Executive’s annual base salary in      effect immediately prior to the Payment Trigger, plus (y) the higher of      Executive’s Annual Incentive Target in effect immediately prior to the      occurrence of the Change in Control or Executive’s Annual Incentive Target      in effect immediately prior to the Payment Trigger. (D)  Healthcare.  Provided      that Executive fulfills his or her obligations and responsibilities and      satisfies the conditions set forth in Sections 9 and 10, Company shall pay      to Executive in a lump sum in cash within 10 days of the conclusion of the      Non-Interference/Assistance Period, an amount equal to (x) the product of      (i) Executive’s monthly premium for health and dental insurance      continuation coverage for Executive and Executive’s family under the      Consolidated Omnibus Budget Reconciliation Act of 1985 (the “COBRA      Premium”), based on the monthly COBRA Premium for such coverage in effect      on the Termination Date, multiplied by (ii) [24 to      36] months, plus (y) the Gross-Up Amount on the benefit determined      under (x).  During the Non-Interference/Assistance Period,      Executive shall be solely responsible for obtaining and maintaining      Executive’s healthcare insurance. (E)  Life      Insurance.  Company shall continue to provide Executive      with any life insurance provided immediately before the Termination Date      for the [24 to      36] month period following the TerminationDate. (F)  Outplacement      Services.  Company shall, at its sole expense as      incurred, provide Executive with outplacement services from a nationally      recognized outplacement service provider, the scope of which shall be      selected by Executive within parameters established    by |
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| Company,      provided that (i) the cost to Company shall not exceed $15,000, and (ii)      in no event shall the period during which the outplacement service      expenses are incurred or the period during which the expenses are paid,      extend beyond the end of the calendar year that begins after the calendar      year within which occurs Executive’s Termination Date.  Company      shall also calculate and pay to Executive the Gross-up Amount with respect      to the taxable portion of such outplacement services. (G)  SERP      Enhancement.  Provided that (i) Executive is a      participant in the Central      Vermont Public Service Corporation Officers’ Supplemental Retirement and      Deferred Compensation Plan, as amended and restated effective      January 1, 2008 (the “SERP’) and otherwise entitled to a benefit      thereunder, and (ii) Executive fulfills his or her obligations and      responsibilities and satisfies the conditions set forth in Sections 9 and      10 of this Agreement,  Executive benefit under the SERP shall be      recalculated to be the greater of the amount described in paragraph (x) or      (y) below: (x)  The benefit provided for in Section      3.1(a) of the SERP with such benefit being determined for purposes of      Section 3.1(a)(i) of the SERP as if the Participant had earned [2 to      3] additional years of benefit accruals under the Pension Plan      of Central Vermont Public Service Corporation and Its Subsidiaries,      as in effect from time to time (the “Basic Plan”) and assuming Executive’s      compensation under the Basic Plan for such [2 to      3]-year period is equal to Executive’s compensation for the Plan      Year immediately preceding the Plan Year in which the Change in Control      occurs. (y)  In the case of an Executive who was      a participant of the SERP on December 31, 1997, and was age 50 or older      upon the Change in Control, the benefit described in Section 3.1(b) of the      SERP, without regard to the age and service requirements of Section III(a)      of Appendix A thereof. (H)  Other      Vested Benefits.  To the extent not theretofore paid or      provided, Company shall pay to Executive all vested benefits or other      amounts that Executive is otherwise entitled to receive under any plan,      policy, practice or program of or any contract or agreement with Company      or any of its Subsidiaries at or subsequent to the Termination Date in      accordance with such plan, policy, practice or program or contract or      agreement except as explicitly modified  by |
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| this      Agreement; provided,      however, if      Executive receives the payments and benefits in accordance with paragraphs      (B), (C), (D),(E), (F) and (G) of this Section 4, Executive shall not, in      order to avoid any duplication of benefit, be entitled to any severance      pay or benefits under any severance plan, program or policy of Company or      its Subsidiaries, unless otherwise specifically provided therein in a      specific reference to this Agreement. 5.         Release.  Notwithstanding      anything contained herein to the contrary, Company shall only be obligated      to pay or provide a benefit under paragraphs (B), (C), (D), (E), (F)and      (G) of Section 4 and Section 6 if: (i) within the 50-day period after the      Termination Date Executive first executes a release substantially in the      form attached hereto as  Exhibit A ; and (ii) Executive does not      revoke the release during the 7-day revocation period prescribed by the      Age Discrimination in Employment Act of 1967, as amended, or any similar      revocation period, if applicable. 6.         Gross-Up      Payments. (A)  In the event that this Agreement      shall become operative and it shall be determined (as hereafter provided)      that any payment (other than the Gross-Up payments provided for in this      Section 6) or distribution by the Company or any of its subsidiaries to or      for the benefit of Executive, whether paid or payable or distributed or      distributable pursuant to the terms of this Agreement or otherwise (each      of the foregoing a “Payment”), would be subject to the excise tax imposed      by Code Section 4999 by reason of being considered “contingent on a change      in ownership or control” of the Company, within the meaning of Code      Section 280G or to any similar tax imposed by state or local law, or any      interest or penalties with respect to such tax (such tax or taxes,      together with any such interest and penalties, being hereafter      collectively referred to as the “Excise Tax”), Executive shall be entitled      to receive an additional payment or payments from the Company      (collectively, a “Gross-Up Payment”).  The Gross-Up Payment      shall be in an amount such that, after payment by Executive of all taxes      (including any interest or penalties imposed with respect to such taxes),      including any Excise Tax and any income tax imposed upon the Gross-Up      Payment, Executive shall retain an amount of Gross-Up Payment equal to the      Excise Tax imposed upon thePayment. |
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| (B)  Subject to the provisions of      Section 6(F), all determinations required to be made under this Section 6,      including whether an Excise Tax is payable by Executive and the amount of      such Excise Tax and whether a Gross-Up Payment is required to be paid by      the Company to Executive and the amount of such Gross-Up Payment, if any,      shall be made by the Company’s external accounting firm, Deloitte Touche      or any successor entity or by such other nationally recognized accounting      firm (the “Accounting Firm”) selected by Executive with the consent of the      Company, which consent will not be unreasonably      withheld.  Executive shall direct the Accounting Firm to submit      its determination and detailed supporting calculations to both the Company      and Executive within 45 calendar days after the occurrence of a Payment      Trigger, and any such other time or times as may be requested by the      Company or Executive.  If the Accounting Firm determines that      any Excise Tax is payable by Executive, the Company shall pay the required      Gross-Up Payment to Executive within 15 business days after receipt of      such determination and calculations with respect to any Payment to      Executive.  If the Accounting Firm determines that no Excise Tax      is payable by Executive, it shall, at the same time as it makes such      determination, furnish the Company and Executive an opinion that Executive      has substantial authority not to report any Excise Tax on his federal,      state or local income or other tax return.  As a result of the      uncertainty in the application of Code Section 4999 and the possibility of      similar uncertainty regarding applicable state or local tax law at the      time of any determination by the Accounting Firm hereunder, it is possible      that a Gross-Up Payment which will not have been made by the Company      should have been made (an “Underpayment’), consistent with the      calculations required to be made hereunder.  In the event that      the Company exhausts or fails to pursue its remedies pursuant to Section      6(F) and Executive thereafter is required to make a payment of any Excise      Tax, Executive shall direct the Accounting Firm to determine the amount of      the Underpayment that has occurred and to submit its determination and      detailed supporting calculations to both the Company and Executive as      promptly as possible.  Any such Underpayment shall be promptly      paid by the Company to, or for the benefit of, Executive within 15      business days after the receipt of such determination and      calculations. (C)  The Company and Executive shall      each provide the Accounting Firm access to and copies of any books,      records and documents in the possession of the Company or Executive, as      the case may be, reasonably requested by the Accounting Firm, and      otherwise cooperate with the Accounting Firm in connection with the      preparation and issuance of the determinations  and |
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| calculations      contemplated by Section 6(B).  Any determination by the      Accounting Firm as to the amount of the Gross-Up Payment shall be binding      upon the Company and Executive. (D)  The federal, state and local income      or other tax returns filed by Executive shall be prepared and filed on a      consistent basis with the determination of the Accounting Firm with      respect to the Excise Tax payable by Executive.  Executive shall      make proper payment of the amount of any Excise Payment, and at the      request of the Company, provide to the Company true and correct copies      (with any amendments) of his federal income tax return as filed with the      Internal Revenue Service and corresponding state and local tax returns, if      relevant, as filed with the applicable taxing authority, and such other      documents reasonably requested by the Company, evidencing such      payment.  If prior to the filing of Executive’s federal income      tax return, or corresponding state or local tax return, if relevant, the      Accounting Firm determines that the amount of the Gross-Up Payment should      be reduced, Executive shall within 15 business days pay to the Company the      amount of such reduction. (E)  The fees and expenses of the      Accounting Firm for its services in connection with the determinations and      calculations contemplated by Section 6(B) shall be borne by the Company.      If such fees and expenses are initially paid by Executive, the Company      shall reimburse Executive the full amount of such fees and expenses within      15 business days after receipt from Executive of a statement thereof and      reasonable evidence of his payment thereof. (F)  Executive shall notify the Company      in writing of any claim, by the Internal Revenue Service or any other      taxing authority that, if successful, would require the payment by the      Company of a Gross-Up Payment or any additional Gross-Up Payment. Such      notification shall be given as promptly as practicable but no later than      l0 business days after Executive actually receives notice of such claim      and Executive shall further apprise the Company of the nature of such      claim and the date on which such claim is requested to be paid (in each      case, to the extent known by Executive). Executive shall not pay such      claim prior to the earlier of (x) the expiration of the 30-calendar-day      period following the date on which he gives such notice to the Company and      (y) the date that any payment or amount with respect to such claim is due.      If the Company notifies Executive in writing prior to the expiration of      such period that it desires to contest such claim, Executive      shall: |
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| (i)      provide the Company with any written records or documents in his      possession relating to such claim reasonably requested by the      Company; (ii) take such action in connection with      contesting such claim as the Company shall reasonably request in writing      from time to time, including without limitation accepting legal      representation with respect to such claim by an attorney competent in      respect of the subject matter and reasonably selected by the      Company; (iii) cooperate with the Company in good faith in      order to effectively contest such claim; and (iv) permit the Company to participate in any      proceedings relating to such claim; provided,      however,      that the Company shall bear and pay directly all costs and expenses      (including interest and penalties) incurred in connection with such      contest and shall indemnify and hold harmless Executive, on an after-tax      basis, for and against any Excise Tax or income tax, including interest      and penalties with respect thereto, imposed as a result of such contest      and payment of costs and expenses. Without limiting the foregoing      provisions of this Section 6(F), the Company shall control all proceedings      taken in connection with the contest of any claim contemplated by this      Section 6(F) and, at its sole option, may pursue or forego any and all      administrative appeals, proceedings, hearings and conferences with the      taxing authority in respect of such claim (provided,      however,      that Executive may participate therein at his own cost and expense) and      may, at its option, either direct Executive to pay the tax claimed and sue      for a refund or contest the claim in any permissible manner, and Executive      agrees to prosecute such contest to a determination before any      administrative tribunal, in a court of initial jurisdiction and in one or      more appellate courts, as the Company shall determine; provided,      however,      that if the Company directs Executive to pay the tax claimed and sue for a      refund, the Company shall advance the amount of such payment to Executive      on an interest-free basis and shall indemnify and hold Executive harmless,      on an after-tax basis, from any Excise Tax or income or other tax,      including interest or penalties with respect thereto, imposed with respect      to such advance; and providedfurther,      however,      that any extension of the statute of limitations relating to payment of      taxes for the taxable year of Executive with respect to which the      contested amount is claimed to be due is limited solely to such contested      amount. Furthermore, the Company's control of any such contested claim      shall be limited to issues with respect to which a Gross-Up Payment would      be payable hereunder and Executive shall be entitled to settle or contest,      as the case may be, any other issue raised by the Internal Revenue Service      or any other taxing authority. (G)  If, after the receipt by Executive      of an amount advanced by the Company pursuant to Section 6(F), Executive      receives any refund with respect to such claim, Executive shall (subject      to the Company’s complying with the requirements of Section 6(F)) pay to      the Company the amount of such refund (together with any interest paid or      credited thereon after any taxes applicable thereto) within 15 business      days of Executive’s receipt of such refund.  If, after the      receipt by Executive of an amount advanced by the Company pursuant to      Section 6(F), a |
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| determination      is made that Executive shall not be entitled to any refund with respect to      such claim and the Company does not notify Executive in writing of its      intent to contest such denial or refund prior to the expiration of 30      calendar days after such determination, then such advance shall be      forgiven and shall not be required to be repaid and the amount of any such      advance shall offset, to the extent thereof, the amount of Gross-Up      Payment required to be paid by the Company to Executive pursuant to this      Section 6. (H)  Notwithstanding any provision of      this Agreement to the contrary, if (i) but for this sentence, the Company      would be obligated to make a Gross-Up Payment to Executive, and (ii)      either (a) the aggregate "present value" of the "parachute payments" to be      paid or provided to Executive under this Agreement or otherwise does not      exceed 1.10 multiplied by three times Executive's "base amount," or (b)      Executive's termination of employment constitutes a Voluntary Termination      Event, then the payments and benefits to be paid or provided under this      Agreement will be reduced to the minimum extent necessary (but in no event      to less than zero) so that no portion of any payment or benefit to      Executive, as so reduced, constitutes an "excess parachute payment." For      purposes of this Section 6(H), the terms "excess parachute payment,"      "present value," "parachute payment," and "base amount" will have the      meanings assigned to them by Section 280G of the Code. The determination      of whether any reduction in such payments or benefits to be provided under      this Agreement is required pursuant to the preceding sentence will be made      at the expense of the Company, if requested by Executive or the Company,      by the Accounting Firm. The fact that Executive's right to payments or      benefits may be reduced by reason of the limitations contained in this      Section 6(H) will not of itself limit or otherwise affect any other rights      of Executive other than pursuant to this Agreement. In the event that any      payment or benefit intended to be provided under this Agreement or      otherwise is required to be reduced pursuant to this Section 6(H),      Executive will be entitled to designate the payments and/or benefits to be      so reduced in order to give effect to this Section 6(H).  The      Company will provide Executive with all information reasonably requested      by Executive to permit Executive to make such designation. In the event      that Executive fails to make such designation within l0 business days of      the Termination Date, the Company may effect such reduction in any manner      it deems appropriate. 7.         Compliance      with Section 409A.  |
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| (A)  Specified      Employee.  Notwithstanding anything contained in this      Agreement to the contrary, if Executive is a “specified employee,” within      the meaning of Section 409A as determined under Company’s policy for      determining specified employees on the Termination Date, all payments,      benefits or reimbursements paid or provided under this Agreement that      constitute a “deferral of compensation” within the meaning of Section 409A      of the Code, that are provided as a result of a Separation from Service      and that would otherwise be paid or provided during the first 6 months      following such Termination Date shall be accumulated through and paid or      provided (together with interest at the applicable Federal short-term      rate, compounded semi-annually, in effect under Code Section 1274(d) as of      the Termination Date) within 30 calendar days after the first business day      following the 6 month anniversary of such Termination Date (or, if      Executive dies during such 6-month period, within 10 calendar days after      Executive’s death). (B)  Compliance      with Section 409A.  It is intended that the payments and      benefits provided under this Agreement shall either be exempt from the      application of, or comply with, the requirements of Section 409A. This      Agreement shall be construed, administered, and governed in a manner that      effects such intent, and Company shall not take any action that would be      inconsistent with such intent. Without limiting the foregoing, the      payments and benefits provided under this Agreement may not be deferred,      accelerated, extended, paid out or modified in a manner that would result      in the imposition of an additional tax under Section 409A upon Executive.      Although Company shall use its best efforts to avoid the imposition of      taxation, interest and penalties under Section 409A, the tax treatment of      the benefits provided under this Agreement is not warranted or guaranteed.      Neither Company, its Subsidiaries nor their respective directors,      officers, employees or advisors shall be held liable for any taxes,      interest, penalties or other monetary amounts owed by Executive or other      taxpayer as a result of the Agreement. 8.         Termination      Procedures. (A)  Notice.  On      or after the occurrence of a Change in Control, any purported termination      of Executive’s employment (other than by reason of death) shall be      communicated by written Notice of Termination from one party hereto to the      other party hereto inaccordance |
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| with      Section 14 hereof. For purposes of this Agreement, a “Notice of      Termination” shall mean a written notice that indicates the specific      termination provision in this Agreement relied upon, and, if applicable,      the notice shall set forth in reasonable detail the facts and      circumstances claimed to provide a basis for termination of Executive’s      employment under the provision so indicated.  Further, a Notice      of Termination for Cause shall include a copy of a resolution duly adopted      by the affirmative vote of not less than a majority of the entire      membership of the Board at a meeting of the Board that was called and held      for the purpose of considering the termination (after reasonable notice to      Executive and an opportunity for Executive, together with his counsel, to      be heard by the members of the Board) finding that, in the informed,      reasonable, good faith judgment of the Board, Executive’s conduct      satisfies one or more of the requirements set forth in the definition of      Cause in Section 1, and specifying the particulars thereof in      detail. (B)  Termination      Date.  “Termination Date” under this Agreement shall mean      the effective date of Executive’s employment with Company or its      affiliates that constitutes a “separation from service” within the meaning      of Section 409A.  Except as provided in the next sentence, the      Termination Date shall be determined as follows: (i) if Executive’s      employment is terminated for Disability, 30 business days after Notice of      Termination is given (provided that Executive shall not have returned to      the full-time performance of Executive’s duties during that 20      business-day period) and (ii) if Executive’s employment is terminated for      any other reason, the date specified in the Notice of Termination, which,      in the case of a termination by Company, shall not be less than 10      business days except in the case of a termination for Cause, and, in the      case of a termination by Executive, shall not be less than 10 business      days nor more than 20 business days, respectively, after the date such      Notice of Termination is given.  Company and Executive shall      take all steps necessary (including with regard to any post-termination      services by Executive) to ensure that any termination described in this      Section 8(B) constitutes a “separation from service” within the meaning of      Section 409A and that the date on which such separation from service takes      place is the “Termination Date.” 9.         Restrictive      Covenants. (A)  Non-Disclosure.  Executive      acknowledges that in the course of Executive’s employment with Company and      any Subsidiary Executive has had and will have access      to |
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| confidential      information and trade secrets proprietary to Company and its Subsidiaries,      including, without limitation, information and knowledge pertaining to      services provided, products, innovations, designs, ideas, plans, trade      secrets, proprietary information, transmission and distribution systems      and methods, revenue and profit figures, customer lists, contracts,      studies, relationships between the Company and its Affiliates and/or      Subsidiaries and other others who have business dealings with the Company      and its Affiliates and/or Subsidiaries ("Confidential      Information").  Executive further acknowledges that the      Confidential Information is proprietary to Company and its Subsidiaries,      that the unauthorized disclosure of any of the Confidential Information to      any person or entity will result in immediate and irreparable competitive      injury to Company and its Subsidiaries, and that such injury cannot      adequately be remedied by an award of monetary damages. Accordingly,      Executive shall not at any time disclose any Confidential Information to      any person or entity who is not properly authorized by Company or its      Subsidiaries to receive the information without the prior written consent      of the Board (which consent may be withheld for any reason or no reason)      unless and except to the extent that such disclosure is required by any      subpoena or other legal process (in which event Executive will give the      Board prompt written notice of such subpoena or other legal process and      will cooperate with the Company in order to permit Company and its      Subsidiaries to seek appropriate protective orders).  Executive      shall not use any Confidential Information for Executive’s own account      without the prior written consent of the Board (which consent may be      withheld for any reason or no reason). (B)  Non-Compete.  Executive      shall not during Executive’s employment with Company or any Subsidiary and      thereafter until the expiration of the Non-Interference/Assistance Period,      in any manner, directly or indirectly, through any person, firm or      corporation, alone or as a member of a partnership or as an officer,      director, shareholder, investor or employee of or in any other corporation      or enterprise or otherwise, (i) engage in or be engaged in, or assist any      other person, firm, corporation or enterprise in engaging or being engaged      in, any business then actively being conducted by Company or its      Subsidiaries, or any business that each of Company or its Subsidiaries has      engaged in during the Non-Interference/Assistance Period within Vermont,      (ii) engage in or be engaged in, or assist the Vermont Public Service      Board, Connecticut Department of Public Utility, Vermont Department of      Public Service or successor |
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| department      or agency in the regulation or oversight of the Company or its      Subsidiaries, or (iii) engage in or be engaged in, or assist any active      customer or supplier  of Company or its Subsidiaries in the      development, negotiation, or implementation of a power supply or power      purchase contract or other agreement with Company or its Subsidiaries. .      Nothing in this Section shall prohibit Executive from being: (x) a      shareholder in a mutual fund or a diversified investment company or (y) a      passive owner of not more than 5% of the outstanding equity securities of      any class of a corporation or other entity which is publicly traded, so      long as Executive has no active participation in the business of such      corporation or other entity. For the purpose of clarification, the      business in which Company is actively engaged includes the purchase,      production, transmission, distribution, and the retail sale of electricity      principally in Vermont; however, Company also sells excess power in the      wholesale markets administered by ISO New England and to other New England      customers. (C)  Non-Interference.  Executive      shall not during his employment with Company or its Subsidiaries and      thereafter until the expiration of the Non-Interference/Assistance Period      employ, or assist any person or entity in employing, any employee of      Company or its Subsidiaries. Executive shall not during his employment      with Company or its Subsidiaries and thereafter until the expiration of      the Non-Interference/Assistance Period solicit, or assist any person or      entity to solicit, any employee of any member of Company or its      Subsidiaries to leave the employment of Company or its Subsidiaries or to      become employed by any other entity. (D)  Non-Disparagement.  During      the term of employment and thereafter until the expiration of the      Non-Interference/Assistance Period, Executive shall not, in any      communications with the press or other media or any customer, client or      supplier of Company, or any Subsidiary, criticize, ridicule or make any      statement which disparages or is derogatory of Company or any Subsidiary,      of any successor or assignee thereto or of their respective directors or      senior officers.  No director or senior officer of company will,      during the same time period, criticize, ridicule or make any statement      which disparages or is derogatory of Executive. (E)  Change      in Scope.  If a court holds that the restrictions      provided for in this Section 9 are unreasonable under circumstances then      existing, the parties hereto agree that the maximum period, scope or      geographical area reasonable under such circumstances shall be substituted      for |
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| the      stated period, scope or area and that the court shall be allowed to revise      the restrictions contained herein to cover the maximum period, scope and      area permitted by law. (F)  Acknowledgment      by Executive.  Executive acknowledges that the covenants      contained in this Section 9 are a principal inducement for the willingness      of Company to enter into this Agreement and make the payments and provide      the benefits to Executive under this Agreement and that Company and      Executive intend the covenants to be binding upon and enforceable against      Executive in accordance with their terms, notwithstanding any common or      statutory law to the contrary. Executive agrees that the obligations of      Company under this Agreement (specifically including, but not limited to,      the obligation to make any payment or provide any benefit under paragraphs      (B), (C), (D), (E)(F) and (G) of Section 4 or Section 6) constitute      sufficient consideration for the covenants contained in this Section 9.      Company and  Executive further agree that the restrictions      contained in this Section 9 are reasonable in period, scope and      geographical area and are necessary to protect the legitimate business      interests and Confidential Information of Company and its Subsidiaries.      Executive agrees that he will notify Company and its Subsidiaries in      writing if he has, or reasonably should have, any questions regarding the      applicability of this Section 9. Because Executive’s services are unique      and because Executive has access to Confidential Information, the parties      agree that Company and its Subsidiaries would be damaged irreparably in      the event any of the provisions of this Section 9 were not performed in      accordance with their specific terms or were otherwise breached and that      money damages would be an inadequate remedy for any such non-performance      or breach. In the event that Executive breaches or threatens to breach any      such provision of this Section 9, the parties agree that Company and its      Subsidiaries shall be entitled to seek any and all equitable and legal      relief provided by law, specifically including immediate and permanent      injunctive relief to prevent any breach or threatened breach of any of      such provisions and to enforce such provisions specifically (without      posting a bond or other security). Executive hereby waives any claim that      Company or its Subsidiaries have an adequate remedy at law. The parties      agree that the foregoing relief shall not be construed to limit or      otherwise restrict the ability of Company and its Subsidiaries to pursue      any other remedy provided by law, including the recovery of any actual,      compensatory or punitivedamages. |
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| 10.         Consulting.  Executive      agrees to provide such consulting services as may reasonably be requested      by the Company during the Non-Interference/Assistance Period. 11.         No      Offsets or Mitigation/Withholding.  Company’s obligation      to make the payments provided for in Sections 4, 6 or 12 of this Agreement      and otherwise to perform its obligations hereunder shall be absolute and      unconditional and shall not be affected by any set-off, counterclaim,      recoupment, defense or other claim, right or action which Company or any      of its Subsidiaries may have against Executive or others. In no event      shall Executive be obligated to seek other employment or take any other      action by way of mitigation of the amounts payable to Executive under any      of the provisions of this Agreement and such amounts shall not be reduced      whether or not Executive obtains other employment.  All payments      to be made by Company or a Subsidiary under this Agreement shall be      reduced by any tax or other amounts required to be withheld under      applicable law. 12.         Disputes. (A)  Arbitration.  Any      dispute or controversy arising out of or in connection with this Agreement      shall, upon a written notice from Executive to Company either before suit      thereupon is filed or within 20 business days thereafter, be settled      exclusively by binding arbitration before an arbitrator mutually      acceptable to the parties in accordance with the Commercial Arbitration      Rules of the American Arbitration Association. The arbitration proceeding      shall be conducted at a location that is within 50 miles of the location      of Executive’s principal place of employment on the Termination Date.      Judgment may be entered on the arbitrator’s award in any court having      jurisdiction.  Notwithstanding the foregoing, Company shall not      be required to seek or participate in arbitration regarding any breach or      threatened breach by Executive of his obligations in Section 9, but may      pursue its remedies for such breach in a court of competent jurisdiction      in accordance with Section 12(C) below. (B)  Legal      Fees and Expenses.  In the event that Executive prevails      in an arbitration commenced as provided for in this Section 12, Company      shall pay or reimburse Executive for reasonable legal fees and expenses      incurred by Executive and attributable to such      arbitration.  |
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| (C)  Other      Legal Action.  Any legal action concerning this      Agreement, other than an arbitration described in Section 12(A), whether      instituted by Company or Executive, shall be brought and resolved only in      the United States Federal District Court of      Vermont.  Company  and Executive hereby irrevocably      consent and submit to and shall take any action necessary to be subject to      the personal jurisdiction of that court and hereby irrevocably agree that      all claims in respect of the action shall be instituted, heard, and      determined in that court. Company and Executive each agree that such court      is a convenient forum, and hereby irrevocably waive, to the fullest extent      possible, the defense of an inconvenient forum to the maintenance of the      action. Any final judgment in the action may be enforced in other      jurisdictions by suit on the judgment or in any other manner provided by      law. 13.         Successors;      Binding Agreement. (A)  In addition to any obligations      imposed by law upon any successor to Company, Company shall require any      successor (whether direct or indirect, by purchase, merger, consolidation,      or otherwise) to all or substantially all of the business or assets of      Company expressly to assume and agree to perform this Agreement in the      same manner and to the same extent that Company would be required to      perform it if no such succession had taken place. The provisions of this      Section 13 shall continue to apply to each subsequent employer of      Executive bound by this Agreement in the event of any merger,      consolidation, or transfer of all or substantially all of the business or      assets of that subsequent employer. (B)  This Agreement shall inure to the      benefit of and be enforceable by Executive’s personal or legal      representatives, executors, administrators, successors, heirs,      distributees, devisees, and legatees. If Executive shall die while any      amount would be payable to Executive hereunder (other than amounts which,      by their terms, terminate upon the death of Executive) if Executive had      continued to live, the amount, unless otherwise provided herein, shall be      paid in accordance with the terms of this Agreement to the executors,      personal representatives, or administrators of Executive’s      estate. 14.         Notices.  For      the purpose of this Agreement, notices and all other communications      provided for in the Agreement shall be in writing and shall be deemed to      have been duly given when delivered or mailed by United States registered      mail, return receipt requested,postage |
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| prepaid,      addressed to the respective addresses set forth below, or to such other      address as either party may have furnished to the other in writing in      accordance herewith, except that notice of change of address shall be      effective only upon actual receipt: To      Company: Central      Vermont Public Service Corporation 77      Grove Street, Rutland Vermont  05701Attention:  [______Officer] To      Executive:_______________________________ 15.         Miscellaneous.  Except      as otherwise provided in Section 6, no provision of this Agreement may be      modified, waived, or discharged unless such waiver, modification, or      discharge is agreed to in writing and signed by Executive and an officer      of Company specifically designated by the Board. No waiver by either party      hereto at any time of any breach by the other party hereto of, or      compliance with, any condition or provision of this Agreement to be      performed by such other party shall be deemed a waiver of similar or      dissimilar provisions or conditions at the same or at any prior or      subsequent time. The validity, interpretation, construction, and      performance of this Agreement shall be governed by the laws of the State      of Delaware. All references to sections of the Exchange Act or the Code      shall be deemed also to refer to any successor provisions to such      sections. Any payments provided for hereunder shall be paid net of any      applicable withholding required under federal, state, or local law and any      additional withholding to which Executive has agreed. 16.         Validity.  The      invalidity or unenforceability of any provision of this Agreement shall      not affect the validity or enforceability of any other provision of this      Agreement, which shall remain in full force and effect. 17.         Counterparts.  This      Agreement may be executed in several counterparts, each of which shall be      deemed to be an original but all of which together will constitute one and      the same instrument. |
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| 18.         Entire      Agreement.  This Agreement constitutes the entire      agreement between the parties relating to a the subject matter hereof,      superseding all prior oral or written communications, agreements,      contracts and the like between theparties. |
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| ACKNOWLEDGEMENT OF      ARBITRATION The      parties to this Agreement acknowledge the arbitration provision of this      Agreement, and acknowledge that no lawsuit may be brought by either party      concerning any dispute that may arise which is covered by the arbitration      provision, unless it involves a question of constitutional or civil      rights, and that such dispute shall be submitted to arbitration in      accordance with the arbitration provision as set forth in Section      12(A). DATED at Rutland, Vermont this ____ day of      ___________ __________.  |
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| IN      PRESENCE OF: ________________________Witness                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   ______________________________Executive  |
| ________________________Witness                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | CENTRAL      VERMONT PUBLICSERVICE      CORPORATION By  ____________________________Mary      Alice McKenzieChairperson      of the Board  |

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