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RESOLUTIONS OF THE COMPENSATION COMMITTEE

 Exhibit 10.1 
 RESOLUTIONS 
 OF THE COMPENSATION COMMITTEE OF 
 THE BOARD OF DIRECTORS OF 
 GREEN
MOUNTAIN POWER CORPORATION 
 WHEREAS, Green Mountain Power Corporation (the “Company”) has entered into an Agreement and
Plan of Merger pursuant to which the Company will merge with a subsidiary of Northern New England Energy Corporation (the “Merger”); and 
 WHEREAS, Completion of the Merger is subject to the approval of the Company’s shareholders and the regulatory authorities; and 
 WHEREAS, Approval of the Merger by the Company’s shareholders will be a “Change in Control” of the Company as that term is defined in the Company’s 2000 and 2004 Stock Incentive Plans (the “Plans”); and

 WHEREAS, Section 7(a) of the Plans provide for the automatic cash out of outstanding Awards (as defined in the Plans) at the “Change
in Control Price” (as defined in the Plans) as of the date of the Change in Control, unless this Committee determines otherwise (before or after the grant of the Awards); and 
 WHEREAS, This Committee has determined that the automatic cash out of Awards should occur as of the date on which the Merger is completed and based on
the consideration received by the Company’s shareholders in the Merger; and 
 WHEREAS, Section 7(c) of the Plans provide that upon a
Change in Control participants may elect to require the Company to cash out Awards based on the Change in Control Price determined as of the date of the participant’s election, unless this Committee determines otherwise at the time of the grant
of the Awards; and 
 WHEREAS, This Committee has determined that, subject to the consent of the affected participants, the individuals
listed on the attached Exhibit I should not have the right to make an election under Section 7(c) of the Plans with respect to their outstanding awards. 
 NOW THEREFORE BE IT RESOLVED, That pursuant to Section 7(a) of the 2000 and 2004 Stock Incentive Plans, outstanding Awards will be cashed out upon the completion of the Merger based on the merger consideration
received by the Company’s shareholders (rather than as of the date of the Change in Control based on the Change in Control Price). 
 RESOLVED FURTHER, That subject to the consent of the affected participants, the Awards held by the individuals listed on the attached Exhibit I are hereby amended so that those 

 individuals will not have the right to cause the Company to cash out their outstanding Awards pursuant to Section 7(c) of
the 2000 and 2004 Stock Incentive Plans. 
 RESOLVED FINALLY, That the appropriate officers of the Company are hereby authorized and directed
to take such actions and to execute such documents as may be necessary or desirable to implement the foregoing resolutions, all without the necessity of further action by this Committee.FORM OF CONSENT

 Exhibit 10.2 
 

 
 [FORM OF CONSENT IN CONNECTION WITH AWARDS ISSUED 
 UNDER 2000 AND 2004 STOCK INCENTIVE PLANS] 
 _________, 2006 
  

					
	To:	  	[_____________]	  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

  

			
	From:	  	M. O. Burns – Chair, Compensation Committee
		
	Re:	  	Awards Under 2000 and 2004 Stock Incentive Plans

 Green Mountain Power Corporation (the “Company”) has agreed to merge with a subsidiary of Northern New
England Energy Corporation (the “Merger”). Completion of the Merger is subject to the approval of the Company’s shareholders and the approval of the regulatory authorities. 
 The Company anticipates that its shareholders will be asked to approve the Merger at a special meeting of the Company’s shareholders. Although the Company expects
that the Merger will be approved by the regulators, there is no assurance that the Merger will be approved or the date on which such approval will be received. 
 Approval of the Merger by the Company’s shareholders will affect your outstanding awards under the Company’s 2000 and 2004 Stock Incentive Plans. The following paragraphs describe how your outstanding awards will be affected. The
following paragraphs also describe a change to the terms of your outstanding awards that has been approved, subject to your consent. 
 Vesting. All
of your outstanding awards under the 2000 and 2004 Stock Incentive Plans will be vested or exercisable as of the date that the Merger is approved by the Company’s shareholders. 
 Automatic Cash Out. Section 7(a) of the 2000 and 2004 Stock Incentive Plans provide that, unless the Compensation Committee decides otherwise, before or after the grant, that outstanding awards (i) will
be cashed out as of the date that shareholders approve the Merger and (ii) the cash payment will be based on the “Change in Control Price” (generally the highest trading price during the 60 day period immediately before the
shareholders’ approval of the Merger). 
 As permitted by the 2000 and 2004 Stock Incentive Plans, the Compensation Committee of the Company’s
Board of Directors has determined that outstanding awards will be cashed out as of the date the Merger is completed rather than as of the shareholders’ approval of the Merger. The Compensation Committee has also determined that the cash out of
outstanding awards will be based on the value of the merger consideration, i.e., the cash payment that each shareholder receives for each share of Company common stock, rather than the “Change in Control Price” described above.

 Green Mountain Power Corporation    163 Acorn Lane Colchester    Vermont
05446-6611    P(802)864-5731    F(802)655-8419    www.greenmountainpower.biz 

 The Compensation Committee took this action for several reasons. First, this action assures that the cash out of
outstanding awards will be based on the same value received by the Company’s shareholders. Second, it avoids the cancellation of outstanding awards until the date that the Merger is completed (assuring that outstanding awards will remain in
effect if, for some reason, the Merger is not completed). Third, this action postpones the Company’s obligation to make the cash out payment until it is certain that the Merger will be completed. 
 Participant Election. Section 7(c) of the 2000 and 2004 Stock Incentive Plans provide that each participant may elect, after the shareholders’ approval of
the Merger and before the Merger is completed, to receive a cash out payment based on the highest trading price during the 60 day period immediately before the date of the participant’s notice. 
 The Compensation Committee has determined that the election provided by Section 7(c) of the 2000 and 2004 Stock Incentive Plans will not apply to your outstanding awards
held by officers and directors. This change will apply to your outstanding awards only if you consent to the Compensation Committee’s action. The Compensation Committee requests that you consent to this change for the same reasons described
above. The Compensation Committee’s action, and your consent, will assure that your outstanding awards are cashed out on the basis of the same value received by the Company’s shareholders and will postpone the cancellation and cash out
until it is certain that the Merger will be completed. 
 The Company hopes that you will consent to the Compensation Committee’s action. If you accept
and agree to this action, please sign below and return this letter to Donald J. Rendall, VP & General Counsel. You should keep a copy of this letter for your records. Please feel free to contact Don Rendall if you have any questions about your
outstanding awards or this letter. 
 Sincerely, 
 Merrill O.
Burns 
 Chair, Compensation Committee 
 Green Mountain Power
Corporation 
 Acceptance and Consent 
 I hereby accept and consent to the amendment of my outstanding Awards (as defined in the 2000 and 2004 Stock Incentive Plans) to eliminate my right to require the Company to cash out the Awards in accordance with Section 7(c) of the 2000
and 2004 Stock Incentive Plans. 
  

									
	Date:	 	  
	 		  	Signed:	 	  

					
		 		 		  	Print Name:RESOLUTIONS OF THE COMPENSATION COMMITTEE

 Exhibit 10.3 
 RESOLUTIONS 
 OF THE COMPENSATION COMMITTEE OF 
 THE BOARD OF DIRECTORS OF 
 GREEN
MOUNTAIN POWER CORPORATION 
 WHEREAS, Green Mountain Power Corporation (the “Company”) has entered into an Agreement and
Plan of Merger pursuant to which the Company will merge with a subsidiary of Northern New England Energy Corporation (the “Merger”); and 
 WHEREAS, Completion of the Merger is subject to the approval of the Company’s shareholders and the regulatory authorities; and 
 WHEREAS, Approval of the Merger by the Company’s shareholders will be a “Change in Control” of the Company as that term is defined in the Supplemental Retirement Plans (the “Plans”) between the Company and certain
executives; and 
 WHEREAS, Certain adverse federal income tax consequences may affect the Company and the Plans’ participants if the
shareholders’ approval of the Merger is allowed to be a Change in Control under the Plans; and 
 WHEREAS, the officers participating in
the Plans have offered to agree that the Merger will not constitute a Change in Control under the Plans. 
 NOW THEREFORE BE IT RESOLVED,
That subject to the consent of the affected participants, the Supplemental Retirement Plans between the Company and certain executives are hereby amended such that neither the execution of the merger agreement, the shareholders’ approval of the
Merger nor the completion of the Merger shall constitute a Change in Control under the Supplemental Retirement Plans. 
 RESOLVED FINALLY,
That the appropriate officers of the Company are hereby authorized and directed to take such actions and to execute such documents as may be necessary or desirable to implement the foregoing resolution, all without the necessity of further action by
this Committee.FORM OF CONSENT

 Exhibit 10.4 
 [FORM OF CONSENT PROVIDED BY OFFICERS IN CONNECTION 
 WITH AMENDMENTS TO SUPPLEMENTAL RETIREMENT
PLANS] 
 June __, 2006 
  

			
	 To:
	  	[Name]
		
	 From:
	  	 M. O. Burns - Chair, Compensation
 Committee

		
	 Re:
	  	Supplemental Retirement Plans

 Green Mountain Power Corporation (the Company) has agreed to merge with a subsidiary of Northern New England
Energy Corporation (the “Merger”). Completion of the Merger is subject to the approval of the Company’s shareholders and the approval of the regulatory authorities. 
 Approval of the Merger by the Company’s shareholders will constitute a Change of Control under your Supplemental Retirement Plan or SERP. Your SERP provides certain additional rights to you if you are employed by
the Company on the date a Change of Control occurs. 
 You have entered into, or soon will enter into, new agreements relating to the terms of your
employment on and after completion of the Merger. Among other things, the new agreements provide (or will provide) that approval of the Merger by the Company’s shareholders will not constitute a control change under your Change of Control
Agreement with the Company. 
 Similarly, the Company asks that you agree, as of this date, that the execution of the merger agreement, the
shareholders’ approval of the Merger and completion of the Merger will not constitute a Change of Control for purposes of your SERP. Your agreement needs to be effective at this time in order to avoid potential adverse tax consequences under
the “parachute payment” provisions of the Internal Revenue Code. 
 Please sign below and return this memorandum to Donald J. Rendall,
VP & General Counsel. You should keep a copy of this memorandum for your records. Please feel free to contact Don Rendall if you have any questions about this memorandum. 

 Page 2 
 Acceptance 
 I hereby accept and agree that the Merger (including the execution of the merger agreement, the
approval of shareholders and the completion of the Merger) will not constitute a Change of Control under my Supplemental Retirement Plan with the Company. My acceptance of this change to my Supplemental Retirement Plan is effective as of the date
shown below. 
  

					
	 Date:                            
	  		  	 Signed:                                     
                                        
     

			
		  		  	 Print Name:

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