Document:

Exhibit (10)(iii)35

AMENDMENT
TO

CH ENERGY GROUP, INC. 

LONG-TERM PERFORMANCE-BASED INCENTIVE PLAN

(2000 Plan)

          The CH
Energy Group, Inc. Long-Term Performance-Based Incentive Plan (the “Plan”) is
amended, effective December 31, 2007, as follows: 

          1.       The
fourth paragraph of Section 3 of the Plan (and the corresponding section of
each outstanding award agreement that incorporates this Section 3 of the Plan)
is hereby superseded and replaced in its entirety as set forth below:

	
 

	
 

	
 

	
 

	
          “In the event
 of any change in corporate capitalization, such as a stock split or a
 corporate transaction, such as any merger, consolidation, separation,
 including a spin-off, or other distribution of stock or property of the
 Corporation, any reorganization (whether or not such reorganization comes
 within the definition of such term in Section 368 of the Code) or any partial
 or complete liquidation of the Corporation (“Corporate Transaction”), the
 Committee or Board shall make such equitable substitution or adjustments in
 the aggregate number and kind of shares reserved for issuance under the Plan,
 in the number, kind and option price of shares subject to outstanding Stock
 Options and Stock Appreciation Rights, in the number and kind of shares subject
 to other outstanding Awards granted under the Plan and/or such other
 equitable substitution or adjustments as it may determine to be appropriate
 in its sole discretion to prevent dilution or enlargement of the rights of
 Covered Employees that otherwise would result from such events; provided
 however, that the number of shares subject to any Award shall always be a
 whole number. Such adjusted option price shall also be used to determine the
 amount payable by the Corporation upon the exercise of any Stock Appreciation
 Right associated with any Stock Option. In no event shall any adjustment be
 required if the Committee or the Board determines that such action could
 cause a Stock Option to fail to satisfy the conditions of an applicable
 exception from the requirements of Section 409A of the Code or otherwise
 could subject a Covered Employee to the additional tax imposed under Section
 409A of the Code in respect of an outstanding Stock Option.”

	
 

	
 

	
 

	
 

	
2.

	
The Plan is hereby amended by deleting Sections 5(k) and 13(j) in
 their entirety. 

	
 

	
 

	
 

	
 

	
3.

	
Section 18 of the Plan is hereby superseded and replaced in its
 entirety as set forth below: 

	
 

	
 

	
 

	
 

	
 

	
“SECTION 14. COMPLIANCE WITH SECTION 409A OF THE CODE

	
 

	
 

	
 

	
 

	
Awards granted under this Plan shall be designed and administered in
 such a manner that they are either exempt from the application of, or comply
 with, the requirements of Section 409A of the Code. Notwithstanding any other
 provision of the Plan or any Award agreement, an Award shall not be granted,
 deferred, accelerated, extended, paid 

 

	
 

	
 

	
 

	
out, settled, substituted or modified under this Plan in a manner
 that would result in the imposition of an additional tax under Section 409A
 of the Code upon a Covered Employee. Although the Corporation intends to
 administer the Plan so that Awards will be exempt from, or will comply with,
 the requirements of Section 409A of the Code, the Corporation does not
 warrant that any Award under the Plan will qualify for favorable tax
 treatment under Section 409A of the Code or any other provision of federal,
 state, local, or non-United States law. Neither the Corporation, its
 Affiliates, nor their respective directors, officers, employees or advisers
 shall be liable to any Covered Employee or any other person for any tax,
 interest, or penalties the Covered Employee might owe as a result of the
 grant, holding, vesting, exercise, or payment of any Award under the Plan.
 Any reference in this Plan to Section 409A of the Code will also include the
 applicable proposed, temporary or final regulations, or any other guidance,
 issued with respect to such Section by the U.S. Department of the Treasury or
 the Internal Revenue Service.”

	
 

	
 

	
4.

	
Except as
 explicitly set forth herein, the Plan will remain in full force and effect.

	
 

	
 

	
 

	
 

	
CH ENERGY
 GROUP, INC. 

	
 

	
 

	
By: 

	
/s/
 Steven V. Lant 

	
 

	
 

	

	
 

	
Steven V. Lant,
Chairman, President and

	
 

	
Chief Executive
Officer of

	
 

	
CH Energy
Group, Inc.

2Exhibit (10)(iii)36

AMENDMENT
TO

CH ENERGY GROUP, INC. 

LONG-TERM EQUITY INCENTIVE PLAN

(2006 Plan)

          The CH
Energy Group, Inc. Long-Term Equity Incentive Plan (the “Plan”) is amended,
effective December 31, 2007, as follows: 

          1.     The
introductory language to the definition of “Change in Control” contained in
Section 2 of the Plan is hereby superseded and replaced in its entirety as set
forth below:

                 
“‘Change in
Control’ means if at any time any of the following events
shall have occurred (except as may be otherwise prescribed by the Board in an
Evidence of Award):”

          2.     The
definition of “Subsidiary” contained in Section 2 of the Plan is hereby
superseded and replaced in its entirety as set forth below: 

	
 

	
 

	
 

	
          “‘Subsidiary’
 means a corporation, company or other entity which is designated by the Board
 and in which the Company has a direct or indirect ownership or other equity
 interest, provided, however, that (i) for purposes of determining whether any
 person may be a Participant with respect to any grant of Incentive Stock
 Options, the term “Subsidiary” has the meaning given to such term in Section
 424 of the Code, as interpreted by the regulations thereunder and applicable
 law; and (ii) for purposes of determining whether any person may be a
 Participant with respect to any grant of Option Rights or Appreciation Rights
 that are intended to be exempt from Section 409A of the Code, the term
 “Subsidiary” means any corporation or other entity as to which the Company is an
 “eligible issuer of service recipient stock” (within the meaning of 409A of the Code).”

	
 

	
 

	
 

	
3.       Section
 12 of the Plan is hereby superseded and replaced in its entirety as set forth
 below:

	
 

	
 

	
 

	
          “12.          Adjustments.
 The Board shall make or provide for such adjustments in the numbers of Common
 Shares covered by outstanding Option Rights, Appreciation Rights, Performance
 Shares, Restricted Stock Units and share-based awards described in Section 10
 of this Plan granted hereunder, in the Option Price and Base Price provided
 in outstanding Option Rights and Appreciation Rights, and in the kind of
 shares covered thereby, as the Board, in its sole discretion, exercised in
 good faith, may determine is equitably required to prevent dilution or
 enlargement of the rights of Participants or Optionees that otherwise would
 result from (a) any stock dividend, stock split, combination of shares,
 recapitalization or other change in the capital structure of the Company, or (b)
 any merger, consolidation, spin-off, split-off, spin-out, split-up,
 reorganization, partial or complete liquidation or other distribution of
 assets (including, without limitation, a special or large non-recurring
 dividend), issuance of rights or 

	
 

	
 

	
 

	
warrants to purchase securities, or (c) any other corporate
 transaction or event having an effect similar to any of the foregoing.
 Moreover, in the event of any such transaction or event, the Board, in its
 discretion, may provide in substitution for any or all outstanding awards
 under this Plan such alternative consideration (including cash) as it, in
 good faith, may determine to be equitable in the circumstances and may
 require in connection therewith the surrender of all awards so replaced. The
 Board may also make or provide for such adjustments in the numbers of shares
 specified in Section 3 of this Plan as the Board in its sole discretion,
 exercised in good faith, may determine is appropriate to reflect any
 transaction or event described in this Section 12; provided, however, that
 any such adjustment to the number specified in Section 3(c)(i) shall be made
 only if and to the extent that such adjustment would not cause any Option
 Right intended to qualify as an Incentive Stock Option to fail so to qualify.
 In no event shall any adjustment be required under this Section 12 if the
 Board determines that such action could cause an award to fail to satisfy the
 conditions of an applicable exception from the requirements of Section 409A
 of the Code or otherwise could subject a Participant to the additional tax
 imposed under Section 409A of the Code in respect of an outstanding award.”

	
 

	
 

	
 

	
4.       Section
 18 of the Plan is hereby superseded and replaced in its entirety as set forth
 below: 

	
 

	
 

	
 

	
          “18. Compliance
 with Section 409A of the Code. Awards granted under this Plan
 shall be designed and administered in such a manner that they are either
 exempt from the application of, or comply with, the requirements of Section
 409A of the Code. To the extent that the Board determines that any award
 granted under the Plan is subject to Section 409A of the Code, the Evidence
 of Award shall incorporate the terms and conditions necessary to avoid the
 imposition of an additional tax under Section 409A of the Code upon a
 Participant. Notwithstanding any other provision of the Plan or any Evidence
 of Award (unless the Evidence of Award provides otherwise with specific
 reference to this Section), an award shall not be granted, deferred,
 accelerated, extended, paid out, settled, substituted or modified under this
 Plan in a manner that would result in the imposition of an additional tax
 under Section 409A of the Code upon a Participant. Although the Company
 intends to administer the Plan so that awards will be exempt from, or will
 comply with, the requirements of Section 409A of the Code, the Company does
 not warrant that any award under the Plan will qualify for favorable tax
 treatment under Section 409A of the Code or any other provision of federal,
 state, local, or non-United States law. Neither the Company, its
 Subsidiaries, nor their respective directors, officers, employees or advisers
 shall be liable to any Participant or any other person for any tax, interest,
 or penalties the Participant might owe as a result of the grant, holding,
 vesting, exercise, or payment of any award under the Plan. Any reference in
 this Plan to Section 409A of the Code will also include the applicable
 proposed, temporary or final regulations, or any other guidance, issued with
 respect to such Section by the U.S. Department of the Treasury or the
 Internal Revenue Service.” 

2

	
 

	
 

	
5. 

	
Except as explicitly set forth herein, the Plan will remain in full
force and effect. 

	
 

	
 

	
 

	
 

	
CH ENERGY
 GROUP, INC.

	
 

	
 

	
By: /s/
 Steven V. Lant

	
 

	
 

	

	
 

	
Steven V.
 Lant, Chairman, President and

	
 

	
Chief
 Executive Officer of

	
 

	
CH Energy
 Group, Inc.

	
 

	
 

3

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