Document:

UIL Holdings Exhibit 10.3 dated 07/08/05

                        EXHIBIT
      10.3

    

    SECOND
      AMENDMENT TO

    PHANTOM
      STOCK OPTION AGREEMENT

    BETWEEN
      THE UNITED ILLUMINATING COMPANY

    AND

    NATHANIEL
      D. WOODSON

    

    

    WHEREAS,
      The United Illuminating Company (“the Company”) and Nathaniel D. Woodson(“
      Executive”) desire to amend The United Illuminating Company Phantom Stock Option
      Agreement dated February 23, 1998, as previously amended by a First Amendment
      thereto dated as of July 20, 2000 (the “Phantom Option Agreement”), subject to
      shareholder approval, to provide that the phantom stock options provided for
      in
      said Agreement will be settled only in actual shares of stock of UIL Holdings
      Corporation rather than cash, in order (i) to avoid variable accounting and
      (ii)
      the possibility that such options will be treated as deferred compensation
      subject to Section 409A of the Internal Revenue Code;

    

    NOW
      THEREFORE, the Agreement is amended as follows:

    

    1.
      Effective as of January 1, 2005, subject to approval of the shareholders of
      UIL
      Holdings Corporation, Section 3 of the Agreement is revised to read as
      follows:

    

    3.
      Payment Upon Exercise. On each date that the Executive or his personal
      representative exercises one or more Options, the Company shall be obligated
      to
      pay the Executive or his personal representative, in shares of UIL Holdings
      Common Stock, an amount equal to the excess of the fair market value of the
      Common Stock of UIL Holdings Corporation on that date over the Exercise Price,
      multiplied by the number of options exercised. “Fair market value” shall be the
      average of the high and low sales prices of the shares of the Common Stock
      of
      UIL Holdings Corporation on the New York Stock Exchange composite tape on the
      exercise date or, if there is no sale on such date, then such average price
      on
      the last previous day on which at least one sale shall have been reported.
      The
      Company shall discharge each payment obligation to the Executive or his personal
      

    
      
         

      

      
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    representative
      on or before the second business day following the exercise.

    

    

    

    
      	
              Date:
                

            	
              July
                8, 2005

            

    

    

    

    UIL
      HOLDINGS CORPORATION

    Attest:

    

    

    
      	
              /s/
                Susan E. Allen

            	 	
              By:

            	
              /s/
                Thelma R. Albright

            
	
              Susan
                E. Allen, Vice President

              Investor
                Relations, Corporate Secretary & Treasurer

            	 	 	
              Thelma
                R. Albright, Chairman Compensation and Executive Development
                Committee

            

    

     

    

    
      	
              July
                8, 2005

            	 	
              /s/
                Nathaniel D. Woodson

            
	
              Date

            	 	
              Nathaniel
                D. Woodson

            

    

    

    
      
         

      

      
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          -UIL Holdings Exhibit 10.4 dated 07/08/05

                    EXHIBIT
      10.4

    

    AMENDED
      AND RESTATED

    EMPLOYMENT
      AGREEMENT

    

    

    THIS
      AGREEMENT ( the “Agreement”) is
      made
      as of the first day of March, 2005, between The United Illuminating Company,
      a
      Connecticut Corporation (the “Company”) and Richard J. Nicholas (the
“Executive”),

    

    

    WITNESSETH
      THAT

    

    WHEREAS,
      the Executive previously has been employed by the Company as its Vice President,
      Finance and Chief Financial Officer of the Company, and is covered by the terms
      of a certain employment agreement with The United Illuminating Company, dated
      as
      of March 22, 2004, as amended by a First Amendment thereto; and

    

    WHEREAS,
      the Company desires to continue to employ the Executive as its Vice President,
      Finance and Chief Financial Officer, and to reflect the appointment of the
      Executive, effective as of March 1, 2005, as the Executive Vice President and
      Chief Financial Officer of UIL Holdings Corporation (“UIL”), and the parties
      desire to be bound by the terms of this revised employment Agreement (the
“Agreement”), which shall supersede and replace all provisions of the prior
      employment agreement;

    

    NOW
      THEREFORE, in consideration of the foregoing and the respective covenants and
      agreements of the parties herein contained, and the services to be rendered
      to
      the Company pursuant hereto, the parties hereby agree as follows:

    

     

    (1)  EMPLOYMENT;
      TERM 

     

     

    (a)  The
      Company hereby agrees to employ the Executive, and the Executive hereby agrees
      to serve the Company, at the pleasure of the Board of Directors of the Company
      (the “Company Board”) and the Board of Directors of UIL Holdings Corporation
      (the “UIL Board”), all upon the terms and conditions set forth
      herein.

     

     

    (b)  The
      term
      of this Agreement shall be for a period commencing on the date first stated
      above and ending on the second anniversary of that date, unless this Agreement
      is earlier terminated as provided in Section 5 (the “Initial Term”). Unless the
      Company has provided the Executive with at least ninety (90) days prior written
      notice of its decision not to renew this Agreement after the Initial Term or
      any
      subsequent term, this Agreement shall be automatically renewed for a successive
      one year term (the Initial Term and any renewal term being referred to as the
      “Term”). For
      purposes of this Agreement, a non-renewal at the election of the Company at
      the
      end of a Term shall constitute a termination of this Agreement without cause,
      and shall be governed by the provisions of Section 6(c). In no event shall
      the
      Company give notice of a non-renewal from the time that an impending Change
      in
      Control (as hereinafter defined) is announced through the date of the
      consummation of such Change in Control.

     

    
      
        
        

      

      
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    (2) POSITION
      AND DUTIES

    

    (a)
      The
      Executive shall be employed by the Company as its Vice President, Finance and
      Chief Financial Officer, and shall also serve as the Executive Vice President
      and Chief Financial Officer of UIL or in such other equivalent or higher
      position as the UIL Board may determine. The Executive shall:

    

    (i)
      accept such employment and perform and discharge, faithfully, diligently and
      to
      the best of the Executive's abilities, the duties and obligations of the
      Executive's office and such other duties as may from time to time be assigned
      to
      the Executive by, or at the direction of, the Company Board and UIL Board or
      the
      President and Chief Executive Officer of UIL; and

    

    (ii)
      devote substantially all of the Executive's working time and efforts to the
      business and affairs of the Company and UIL.

    

    (b)
      Prior
      to a Change in Control, in the event that the Executive is named by the UIL
      Board to a position higher in rank or compensation than that applicable at
      the
      commencement of the Initial Term, nothing in this Agreement shall obligate
      the
      Company or UIL to continue such Executive in such higher position; and the
      Company shall not be deemed in “Breach” of the Agreement (as defined in Section
      5(d)) for failure to continue the Executive in such higher
      position.

    

    (c)
      If
      the Executive is a participant in the UIL Holdings Corporation Change in Control
      Severance Plan (the “UIL CIC Plan II”) as of a Change in Control as therein
      defined, then for the twenty-four month period after such Change in Control,
      the
      Company’s employment of the Executive shall be without diminishment in the
      Executive's management responsibilities, duties or powers. In the event that
      the
      Executive’s employment is not so continued, the Executive may claim to have
      suffered a Constructive Termination, in accordance with the terms of the UIL
      CIC
      Plan II. 

    

    (3) PLACE
      OF PERFORMANCE

    

    In
      his
      employment by the Company, the Executive shall be based within a fifty (50)-mile
      radius of the current executive offices of the Company in New Haven,
      Connecticut.

    

    

    (4) COMPENSATION

    

    (a)
      Base
      Salary.
      During
      the Initial Term of the Executive's employment hereunder, the Executive shall
      receive a base salary (“Base Salary”) at an annual rate of Two Hundred Twenty
      Seven Thousand Dollars ($227,000.00) effective April 1, 2005 and One Hundred
      Ninety Seven Thousand Dollars ($197,000.00) before that date, payable in
      accordance with the then customary payroll practices of the Company. The
      Executive's performance and Base Salary shall be reviewed by the UIL Board
      at
      least annually, and may be revised upward as a result of any such review. The
      Executive’s Base Salary may be revised downward by the UIL Board
      contemporaneously with any general reduction of the salary rates of the
      Company’s other officers.

    
      
        
        

      

      
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    (b)
      Incentive
      Compensation.
      During
      the Term of the Executive’s employment hereunder, the Executive shall be
      eligible to be designated by the Company Board, or by the UIL Board in the
      event
      that the plan is a UIL plan, as a participant in each annual short-term
      incentive compensation program, and any long-term incentive program, maintained
      for management employees of the Company; provided, however, that entitlement
      to
      participation, and continued participation, in any long-term equity incentive
      program shall be conditioned upon the Executive fully complying with any stock
      ownership and retention guidelines from time to time established and promulgated
      by the UIL Board.

    

    For
      purposes of this Agreement, the Executive’s “Accrued
      Incentive Compensation”
      shall
      mean the amount of any annual short-term incentive compensation earned with
      respect to the calendar year ended prior to the Date of Termination (as defined
      in Section 5) but not yet paid as of the Executive’s Date of
      Termination.

    

    The
      Executive’s “Stub-Period
      Incentive Compensation”
      shall
      mean the annual short-term incentive compensation being earned in the year
      in
      which the Executive terminates employment, pro-rated for the year in which
      he
      terminates service, and shall be equal to that short-term annual incentive
      compensation payment to which the Executive would be entitled, if any, under
      the
      terms of the Company’s executive incentive compensation plan, calculated as if
      he had been employed by the Company on the last day of the year including his
      Date of Termination, and had achieved personal goals ‘at target’, but based on
      actual performance with respect to the achievement of UIL and Company financial
      goals (collectively referred to as “Company goals”), multiplied by a fraction,
      the numerator of which is the number of days which have elapsed in such year
      through the Date of Termination and the denominator of which is 365. UIL shall
      determine in its discretion the composition of the Executive’s scorecard, and
      what constitutes a ‘personal goal’ and ‘Company goal’; provided generally that
      an Executive’s ‘personal goals’ shall include, for example, his strategic
      opportunities, leadership, and balance scorecard goals, other than business
      unit
      and UIL total financial goals, and Company goals shall include, for example,
      UIL
      and business unit financial goals based on earnings per share, cash flow, and
      all other goals not defined as personal goals. In the event that the ‘gate’, if
      any, is not achieved with respect to Company goals, then no Stub-Period
      Incentive Compensation will be paid. Any Stub-Period Incentive Compensation
      payable upon termination of the Executive shall be paid in accordance with
      Section 6(e) of this Agreement.

    

    (c)
      Change
      in Control Severance Plan. The
      Executive has been designated by the UIL Board as an individual covered by
      the
      UIL Holdings Corporation Change in Control Severance Plan II (the “UIL CIC Plan
      II”), subject to all of the terms and provisions of the UIL CIC Plan II as it
      may be amended from time to time. For purposes of this Agreement, “Change in
      Control” shall have the meaning set forth in the UIL CIC Plan II and the
      Executive’s level of benefits under said Plan II shall be determined by his
      classification as Chief Financial Officer of UIL Holdings Corporation for so
      long as Executive holds such office.
      Nothing
      in this subsection, however, shall entitle the Executive to continued
      participation in such Plan should the UIL Board determine otherwise in
      accordance with the terms of that Plan. 

    

    (d)
      Business
      Expenses.
      During
      the Term, the Executive shall be entitled to receive prompt reimbursement for
      all reasonable employment- related business expenses incurred by the Executive,
      in accordance with the policies and procedures established by the Company Board
      from time to time for all of the Company's officers, provided that the Executive
      properly accounts therefor.

    
      
        
        

      

      
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    (e)
      Benefit
      Programs.
      During
      the Term of the Executive's employment hereunder and to the extent he meets
      the
      applicable eligibility requirements, the Executive shall be entitled to
      participate in and receive benefits under all of the Company's employee benefit
      plans, programs and arrangements for its similarly situated officers on the
      same
      terms and conditions that apply to such officers, including, without limitation,
      any plan or program of an affiliated company in which the Company is a
      participating employer, but only for so long as the Company remains a
      participating employer. Except as otherwise expressly provided, nothing paid
      to
      the Executive under any such plan, program or arrangement presently in effect
      or
      made available by the Company in the future shall be deemed to be in lieu of
      compensation to the Executive under any other Section of this Agreement.
Nothing
      in this Agreement shall require the Company to maintain a particular benefit
      plan or program, or preclude the Company from amending or terminating any such
      plans, programs or arrangements, including its participation therein, or
      eliminating, reducing or otherwise changing any benefit provided thereunder,
      so
      long as such change similarly affects all similarly situated employees of the
      Company and is in compliance with applicable law.

    

    (f)
      Vacations
      and Holidays.
      The
      Executive shall be entitled to that number of weeks of paid vacation in each
      calendar year determined by the Company Board from time to time to be available
      to similarly situated Company officers (up to a maximum of five (5) weeks in
      each calendar year), and shall also be entitled to all paid holidays afforded
      by
      the Company to its management employees.

    

    (5) TERMINATION

    

    (a)
      Death
      or Disability.
      The
      Executive's employment hereunder shall terminate upon the Executive's death
      or
      termination due to disability (as described in Section 6(a) of this
      Agreement).

     

    (b)
      Termination
      by Company for Cause.
      The
      Company may at any time by written notice to the Executive terminate the
      Executive’s employment for Cause in accordance with the following provisions:

     

     

    (i)
      Termination
      for Cause Prior to a Change in Control.
      Prior
      to the date of a Change in Control, the Company shall be deemed to have “Cause”
      to terminate the Executive’s employment hereunder only upon the Executive’s:

     

    (1)
      failure to comply with any material term of this Agreement, or to perform and
      discharge the duties or obligations of the Executive’s office, or such other
      duties as may from time to time be assigned to the Executive by, or at the
      direction of, the UIL Board, faithfully, diligently, and competently, in the
      opinion of a majority of the members of the UIL Board, unless any such failure
      is cured in all material respects to the reasonable satisfaction of the UIL
      Board within sixty (60) days after the Executive receives written notice of
      such
      failure; or

    

    (2)
      failure to devote substantially all of his working time and efforts to the
      business and affairs of the Company unless any such failure is cured in all
      material respects to the reasonable satisfaction of the UIL Board within sixty
      (60) days after the Executive receives written notice of such failure;
      or

    
      
        
        

      

      
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    (3)
      misconduct that is demonstrably injurious to the interests of the Company or
      its
      Affiliates (as that term is defined in Section 10) unless such misconduct is
      rectified in all material respects to the reasonable satisfaction of the UIL
      Board within thirty (30) days after the Executive receives written notice of
      such misconduct; or

     

    (4)
      commission of a serious crime, such as an act of fraud, misappropriation of
      funds, embezzlement, or a crime involving personal dishonesty or moral
      turpitude. 

     

    (ii)
      Termination
      for Cause After a Change in Control.
      During
      the period that commences on a Change in Control and for twenty-four (24) months
      thereafter (the “Change in Control Protective Period”), and subject to the same
      notice and cure provisions specified above, the Company (or its successor or
      other entity employing the Executive following such Change in Control) shall
      be
      deemed to have Cause to terminate the Executive’s employment hereunder only upon
      the Executive’s:

     

    (1)
      commission of a serious crime, such as an act of fraud, misappropriation of
      funds, embezzlement, or a crime involving personal dishonesty or moral
      turpitude; or

     

    (2)
      misconduct that is demonstrably injurious to the interests of the Company or
      its
      Affiliates; or

    

    (3)
      willful failure of the Executive to substantially perform his duties (other
      than
      by reason of incapacity due to physical or mental illness or
      injury).

     

    (c)  Termination
      by Company without Cause.
      The
      Company may terminate the Executive’s employment at any time, without cause,
      upon ninety (90) days prior written notice to the Executive. 

     

    (d)  Termination
      by Executive.
      

     

    (i)  If
      the
      Executive is not in default of any of the Executive’s obligations under Sections
      (2), (9), (10), (11) or (12) hereof, the Executive may terminate employment
      hereunder upon at least thirty (30) days’ prior notice, for failure of the
      Company to observe and perform one or more of its obligations under Sections
      (2), (3) and/or (4) hereof, which failure the Company fails to remedy within
      such notice period (a “Breach by the Company”). 

     

    (ii)  If
      the
      Executive is not in default of any of the Executive’s obligations under Sections
      (2), (9), (10), (11) or (12) hereof, the Executive may terminate employment
      hereunder in the absence of a Breach by the Company, effective upon at least
      ninety
      (90) days prior
      written notice.

     

    (e)  Date
      of Termination.
      For
      purposes of this Agreement, the “Date of Termination” is defined as (i) the
      Executive’s date of death, in the event of his death; or the date of his
      termination due to disability, in the case of disability, or (ii) the date
      specified in the notice

     

    
      
        
        

      

      
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    of
      termination, in the case of the Executive’s termination pursuant to Sections
      (5)(b), (5)(c), 5(d) hereof.

     

    (6) CONSEQUENCES
      OF TERMINATION OR NON-RENEWAL.

     

    (a)
      Termination
      on Death, Disability or Retirement; or by the Executive in the Absence of a
      Breach by the Company upon Adequate Notice. 
      If the
      Executive’s employment terminates by reason of the Executive’s death, or his
      total or partial physical or mental disability such
      that
      the Executive becomes entitled to long-term disability benefits under the
      Company’s long-term disability plan,
      or if
      the Executive retires on or after becoming eligible to retire under the terms
      of
      the Company’s Pension Plan, or terminates employment hereunder in the absence of
      a Breach by the Company upon ninety (90) days prior written notice, the Company
      shall pay to the Executive or, in the event of death or disability, the
      Executive’s personal representative and/or spouse:

     

    (i)
      the
      Executive’s Base Salary earned, but unpaid, as of the Date of Termination and
      Accrued Incentive Compensation (as defined in Section 4(b));

     

    (ii)
      Stub-Period Incentive Compensation (as defined in Section 4(b)) earned, but
      unpaid, as of the Date of Termination, but only in the case of the Executive’s
      death or termination due to disability, or retirement (as hereinbefore defined),
      and not in case of his voluntary termination other than on account of such
      retirement; plus

     

    (iii)
      any
      amounts payable pursuant to (4)(d) (unreimbursed business expenses), (4)(e)
      (employee benefits due and owing), and 4(f) (accrued, but unpaid vacation or
      holidays); plus

     

    (iv)
      any
      benefits or amounts payable on account of the Executive’s (A) participation in
      any long-term incentive compensation plan and equity compensation plan or
      arrangement, and (B) participation in any deferred compensation plan in which
      he
      was a participant as of his termination of service, all as determined in
      accordance with the terms and conditions of such plans and arrangements.

     

    Pending
      a
      determination that the Executive is entitled to long-term disability benefits,
      the Executive’s short-term disability benefits shall be extended, as necessary
      at 50% of Base Salary, if his length of employment with the Company is of such
      short duration that his short term disability benefits would otherwise expire
      before his entitlement to long-term disability benefits is
      determined.

     

    Upon
      payment of these amounts, the Company shall have no further obligation to the
      Executive, the Executive’s personal representative and/or spouse under this
      Agreement or on account of, or arising out of, the termination of the
      Executive’s employment.

     

    (b)
      Upon
      Termination for Cause; or by the Executive on fewer than 90 days
      notice.
      If the
      Company terminates the Executive’s employment for Cause, or the Executive
      terminates employment hereunder in the absence of a Breach by the Company and
      upon fewer than ninety
      (90) days prior
      written notice, the Company shall pay to the Executive:

     

    
      
        
        

      

      
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    (i)
      the
      Executive’s Base Salary earned, but unpaid, as of the Date of Termination;
      plus

     

    (ii)
      any
      amounts payable pursuant to Sections (4)(d), (4)(e), and 4(f) hereof, and

     

    (iii)
      any
      benefits payable under any elective non-qualified deferred compensation plan
      in
      which the Executive had been a participant, other than any benefit under any
      supplemental executive retirement plan of the Company or an Affiliate,

     

    whereupon
      the Company shall have no further obligation to the Executive under this
      Agreement or on account of, or arising out of, the termination of the
      Executive’s employment.

     

    (c)
      Upon
      Termination Without Cause, or Upon Breach by the Company, not on account of
      a
      Change in Control.
      If the
      Company terminates the Executive's employment hereunder without Cause (including
      by non-renewal
      of this Agreement at the election of the Company at the end of a
      Term),
      or if
      the Executive terminates the Executive's employment hereunder on account of
      a
      Breach by the Company, and in either case the termination is not upon a Change
      in Control or within the Change in Control Protective Period, the Company shall
      pay or provide (as applicable) to the Executive, the following:

     

    (i)
      the
      Executive’s Base Salary, Accrued Incentive Compensation and Stub-Period
      Incentive Compensation earned, but unpaid, as of the Date of Termination;
      plus

     

    (ii)
      any
      amounts payable pursuant to Sections 4(d), 4(e), and 4(f); plus

    

    (iii)
      any
      benefits or amounts payable on account of the Executive’s (A) participation in
      any long-term incentive compensation plan and equity compensation plan or
      arrangement, and (B) participation in any deferred compensation plan in which
      he
      was a participant as of his termination of service, all as determined in
      accordance with the terms and conditions of such plans and arrangements;
      plus

    

    (iv)
      lump
      sum severance equal to two (2) times the
      sum
      of:

    

    (1)
      the
      Executive’s annual Base Salary rate in effect immediately prior to the
      Executive’s Date of Termination, as determined by the UIL Board’s most recent
      review of salary rates pursuant to Section 4(a); and

    

    (2)
      the
      short-term annual incentive compensation payment to which the Executive would
      be
      entitled, calculated as if he had been employed by the Company on the last
      day
      of the year of his Termination, and as both personal goals and Company goals
      had
      been achieved ‘at target’, without pro-ration for the fact that the Executive
      was employed only a portion of such year. Except for the assumption that such
      goals shall have been achieved at target, personal and Company goals shall
      be
      defined and determined as set forth in Section 4(b) of this
      Agreement.

    

    (v)
      for
      the period ending on the second anniversary of the date of the Executive’s Date
      of Termination, continued participation in the medical and dental plans and
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    which
      he
      was a participant as of his Date of Termination on the same basis as if he
      remained an active employee, provided that such participation is possible under
      the terms and provisions of such plans and programs and applicable law. In
      the
      case of continuation in the Company’s medical and dental plans, such period of
      continued participation shall run concurrently with, and reduce day- for-day,
      any obligation that the Company or any Affiliate would have to provide “COBRA”
      continuation coverage with respect to the Executive’s termination of employment.
      If the Executive’s participation in any such plan or program is barred as a
      result of the Executive’s termination, the Company shall arrange to provide the
      Executive with benefits substantially similar on an after-tax basis to those
      that the Executive would have been entitled to receive under such plan or
      program, provided that with respect to any benefit to be provided on an insured
      basis, the value of such coverage shall be based on the present value of the
      premiums expected to be paid for such coverage, and with respect to other
      benefits, such value shall be the present value of the expected cost to the
      Company of providing such benefits; and

    

    (vi)
      the
      addition of two (2) years of service deemed as an Employee of the Company in
      the
      calculation of the entitlement to and benefits payable under the Company’s
      retiree medical benefit plan and in the calculation of benefits payable under
      the Company’s Pension Plan, which amount shall be paid as a non-qualified
      supplemental retirement benefit.

    

     

    (d)
      Upon
      Non-renewal of Agreement at end of Term.
      If the
      Executive’s employment hereunder is terminated due to non-renewal of this
      Agreement, the Company shall pay or provide (as applicable) to the Executive
      the
      same payments and benefits to which the Executive would have been entitled
      had
      he been terminated without cause in accordance with Section 6(c) of this
      Agreement.

     

    

    (e)
      Timing
      of Payment.
      Any
      cash
      amount that is due and owing to the Executive upon his termination of service
      pursuant to Section 6 will be paid as soon as administratively feasible
      following the effective date (including any revocation period) of the Release
      provided for in Section 6(f); provided, however, that (i) any Stub-Period
      Incentive Compensation, and (ii) that portion of any severance payment that
      is
      based on annual short-term incentive compensation shall be paid following the
      close of the year in which the Date of Termination occurs, at the same time
      that
      incentive compensation generally would be payable upon authorization of the
      UIL
      Board to all other employees.

     

    (f)
      Release.
      All
      payments and obligations of the Company under Section (6), (7), (8) and (9)
      shall be conditioned upon the execution and delivery by Executive to the Company
      of a full and effective release by Executive of any liability by the Company
      to
      Executive in form and substance reasonably satisfactory to the
      Company.

     

    
      
        
        

      

      
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    (7) CHANGE
      IN CONTROL

     

    

    (a)
      If
      on, or within twenty-four (24) months following a Change in Control, the Company
      (or its successor or other entity employing the Executive following such Change
      in Control) either terminates the Executive's employment hereunder without
      Cause
      or fails to renew this Agreement on substantially identical terms, or if the
      Executive terminates the Executive's employment on account of a Constructive
      Termination (as defined in the UIL CIC Plan II), then the Executive shall be
      entitled to the following:

    

    (i)
      the
      Executive’s Base Salary, Accrued Incentive Compensation and Stub-Period
      Incentive Compensation earned, but unpaid, prior to the Date of Termination;
      plus

    

    (ii)
      any
      amounts payable pursuant to Sections 4(d), 4(e), and 4(f) hereof;
      plus

    

    (iii)
      any
      benefits or amounts payable on account of the Executive’s (A) participation in
      any long-term incentive compensation plan and equity compensation plan or
      arrangement, and (B) participation in any deferred compensation plan in which
      he
      was a participant as of his termination of service, all as determined in
      accordance with the terms and conditions of such plans and arrangements;
      plus

    

    (iv)
      those payments, and benefits, if any, to which the Executive is entitled by
      reason of having been designated a Participant in the UIL CIC Plan II. The
      severance payments, pension supplements and other benefit provisions under
      such
      Plan (the “Total UIL CIC Plan Package”) shall be controlling and shall supplant
      the payments and benefits to which the Executive would be entitled assuming
      the
      Executive were terminated without Cause pursuant to the terms of this Agreement,
      including without limitation any severance benefits, supplemental retirement
      benefits, short-term incentive compensation and other compensation and benefits
      (other than long term incentive compensation) under this Agreement (the
“Employment Agreement Termination Package”); expressly provided, however, that
      in the event that the Employment Agreement Termination Package exceeds the
      value
      of the Total UIL CIC Plan Package, then the Executive shall be entitled to
      select one or the other Package, but shall not be entitled to both, and shall
      not be entitled to select among compensation elements in each
      Package.

    

    Notwithstanding
      the foregoing, in the event a Change in Control (as defined in the UIL CIC
      Plan
      II) occurs on or before October 24, 2008, and the Executive is an employee
      in
      good standing under a CIC plan of the Company or UIL at the time of such Change
      in Control, the Executive shall be entitled, in lieu of the severance under
      such
      CIC plan, to a grandfathered severance benefit under such plan, based on the
      severance formula in effect under the CIC Plan I as of October 23, 2003 in
      the
      amount of Four Hundred Eighty Nine Thousand, Seven Hundred Six Dollars
      ($489,706.00), if such amount would be greater than the amount of the severance
      benefit to which the Executive otherwise would be entitled under the CIC II
      Plan, or such other CIC plan as may be in effect with respect to the Executive
      at such time.

    

    (b)
      For
      purposes of this Agreement, Change in Control shall mean “Change in Control” as
      defined with respect to the Company employing the Executive in the UIL CIC
      Plan
      II, as amended from time to time.

    
      
        
        

      

      
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    (c)
      Payment of benefits under this Section 7 shall be subject to, and conditioned
      upon, the provisions of Section 6(e) and (f) hereof.

    

    (8)
      ADDITIONAL CONSEQUENCES OF A CHANGE IN CONTROL

     

    (a)
      Payments
      to Executive.
      In the
      event that a Change in Control has been approved by all necessary shareholder,
      creditor and regulatory actions, then, the Company will pay to the Trustee
      of
      the UIL Holdings Corporation Supplemental Retirement Benefit Rabbi Trust, as
      the
      same may be amended or superseded, for the benefit of the Executive, cash equal
      to that amount, calculated by the Company’s independent certified public
      accountants, to be reasonably sufficient to pay and discharge the Company’s
      future obligations, if any, to the Executive and/or his personal representative
      and/or spouse, under Section 7 and (11) hereof, but only if (i) the Executive’s
      employment has been terminated or will be terminated prior to the date of the
      Change in Control and (ii) the Company does not make such payment directly
      to
      the Executive.

     

     

    In
      the
      event that the Executive’s employment has not been terminated prior to the date
      of the Change in Control, but subsequently is terminated other than for Cause
      during the Change in Control Protective Period, then as of the date that notice
      of Date of Termination is given to the Executive (or that it is finally
      determined that there is a Constructive Termination, in the case of termination
      by the Executive), the Company’s Successor (as defined in the UIL CIC Plan)
      shall deposit a sum, calculated by such Successor’s independent certified public
      accountants, reasonably sufficient to pay and discharge such Successor’s
      obligations to the Executive under Section 7 and (11) hereof.

     

    (b) Reduction
      of Salary.
      During
      the Change in Control Protective Period, the Executive’s Base Salary may not be
      reduced to an annual rate less than the Base Salary rate fixed by the UIL Board
      as a result of its most recent review of salary rates, unless such reduction
      is
      part of, and consistent with, a general reduction of the compensation rates
      of
      all employees of the Company, its successor, or purchaser of assets, as the
      case
      may be. 

     

    (9)
      GROSS
      UP FOR EXCISE TAX.

    

    (a) Anything
      in this Agreement to the contrary notwithstanding, in the event that it shall
      be
      determined that any payment made and benefits provided by the Company or UIL
      to
      or for the Executive, whether paid or payable or distributed or distributable
      pursuant to the terms of this Agreement or otherwise, would constitute an
“excess parachute payment” within the meaning of Section 280G of the Internal
      Revenue Code of 1986 subject to an excise tax under Section 4999 of the Internal
      Revenue Code of 1986 as amended (the “Code”) or any successor provision (the
“Excise Tax”), the Executive shall be paid an additional amount (the “Gross-Up
      Payment”) such that the net amount retained by Executive after deduction of any
      Excise Tax, and any federal, state and local income and employment tax
      (including any Excise Tax imposed upon the Gross-Up Payment itself) shall be
      equal to the total amount of all payments and benefits to which the Executive
      would be entitled pursuant to this Agreement absent the Excise Tax, but net
      of
      all applicable federal, state and local taxes. For purposes of determining
      the
      amount of the Gross-Up Payment, Executive shall be deemed to pay federal income
      tax and employment taxes at the highest marginal rate of federal income and
      employment taxation in the calendar year in which the Gross-Up Payment is to
      be
      made and state and local income taxes at the highest marginal rate of taxation
      in the state and locality of

    
      
        
        

      

      
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    Executive’s
      residence in the calendar year in which the Gross-Up Payment is to be made,
      net
      of the maximum reduction in federal income taxes that may be obtained from
      the
      deduction of state and local taxes.

    

    (b) The
      Gross-Up Payment, if any, shall be paid to the Executive or, at the discretion
      of the Company, directly to governmental authorities through tax withholding
      on
      the Executive’s behalf, as soon as practicable following the payment of the
      excess parachute payment, but in any event not later than 30 business days
      immediately following such payment; provided that any Gross-up Payment under
      this Section 9, including Section 9(d) shall be conditioned upon the Executive
      providing the release called for in Section 6(f) and complying with the
      confidentiality and non-compete provisions of this Agreement.

    

    (c) Subject
      to the provisions of Section 9(d), all determinations required to be made under
      this Section 9, including whether and when a Gross-Up Payment is required and
      the amount of such Gross-Up Payment and the assumptions to be utilized in
      arriving at such determination, shall be made by tax counsel appointed by the
      Company (the "Tax Counsel"), which shall provide its determinations and any
      supporting calculations both to the Company and Executive within 10 business
      days of having made such determination. The Tax Counsel shall consult with
      the
      Company’s benefit consultants and counsel in determining which payments to, or
      for the benefit of, the Executive are to be deemed to be ‘parachute payments’
      within the meaning of Section 280G(b)(2) of the Code. Any
      such
      determination by the Tax Counsel shall be final and binding upon the Company
      and
      Executive. All fees and expenses of the Tax Counsel (and, if applicable benefits
      consultants or other counsel) shall be borne solely by the Company. As a result
      of the uncertainty in the application of Section 4999 of the Code at the time
      of
      the initial determination by the Tax Counsel hereunder, it is possible that
      Gross-Up Payments, which will not have been made by the Company, should have
      been made ("Underpayment"). In the event that it is ultimately determined in
      accordance with the procedures set forth in Section 9(d) that the Executive
      is
      required to make a payment of Excise Tax, the Tax Counsel shall determine the
      amount of the Underpayment that has occurred, and any such Underpayment shall
      be
      promptly paid by the Company to or for the benefit of the
      Executive.

    

    (d) The
      Executive shall notify the Company in writing of any claims by the Internal
      Revenue Service that, if successful, would require the payment by the Company
      of
      any, or any additional, Gross-Up Payment. Such notification shall be given
      as
      soon as practicable but no later than 30 days after the Executive actually
      receives notice in writing of such claim and shall apprise the Company of the
      nature of such claim and the date on which such claim is requested to be paid.
      The Executive shall not pay such claim prior to the expiration of the 30-day
      period following the date on which he gives such notice to the Company (or
      such
      shorter period ending on the date that any payment of taxes with respect to
      such
      claim is due). If the Company notifies the Executive in writing prior to the
      expiration of such period that it desires to contest such claim, the Executive
      shall:

    

    (1)
      give
      the Company any information reasonably requested by the Company relating to
      such
      claim;

    

    (2)
      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
      selected by the Company and

    
      
        
        

      

      
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          11
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    reasonably
      acceptable to the Executive;

    

    (3)
      cooperate with the Company in good faith in order to contest such claim
      effectively; and

    

    (4)
      if
      the Company elects not to assume and control the defense of such claim, 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 additional interest and penalties) incurred in connection with such
      contest and shall indemnify and hold the Executive harmless, on an after-tax
      basis, for any Excise Tax (including interest and penalties with respect
      thereto) imposed as a result of such representation and payment of costs and
      expenses. Without limitation on the foregoing provisions of this Section 9(d),
      the Company shall have the right, at its sole option, to assume the defense
      of
      and control all proceedings in connection with such contest, in which case
      it
      may pursue or forego any and all administrative appeals, proceedings, hearings
      and conferences with the taxing authority in respect of such claim and may
      either direct the Executive to pay the tax claimed and sue for a refund or
      contest the claim in any permissible manner, and the 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 the
      Executive to pay such claim and sue for a refund, the Company shall advance
      the
      amount of such payment to the Executive, on an interest-free basis, and shall
      indemnify and hold the Executive harmless, on an after-tax basis, from any
      Excise Tax (including interest or penalties with respect thereto) imposed with
      respect to such advance or with respect to any imputed income with respect
      to
      such advance; and further provided, that any extension of the statute of
      limitations relating to payment of taxes for the taxable year of the Executive
      with respect to which such contested amount is claimed to be due is limited
      solely to such contested amount. Furthermore, the Company's right to assume
      the
      defense of and control the contest shall be limited to issues with respect
      to
      which a Gross-Up Payment would be payable hereunder, and the 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.

    

    (e) If,
      after
      the receipt by the Executive of an amount advanced by the Company pursuant
      to
      Section 9(d), the Executive becomes entitled to receive any refund with respect
      to such claim, the Executive shall (subject to the Company's complying with
      the
      requirements of Section 9(d)) promptly pay to the Company the amount of such
      refund (together with any interest paid or credited thereon after taxes
      applicable thereto). If, after the receipt by the Executive of an amount
      advanced by the Company pursuant to Section 9(d), a determination is made that
      the Executive shall not be entitled to any refund with respect to such claim,
      and the Company does not notify the Executive in writing of its intent to
      contest such denial of refund prior to the expiration of 30 days after such
      determination, then such advance shall be forgiven and shall not be required
      to
      be repaid, and the amount of such advance shall offset, to the extent thereof,
      the amount of Gross-Up Payment required to be paid.

    

    

    (10)
      CONFIDENTIAL INFORMATION

    

    The
      Executive recognizes that the Executive’s employment by the Company is one of
      highest trust and confidence by reason of his access to certain trade secrets,
      confidential business

    
      
        
        

      

      
        -
          12
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    practices,
      and proprietary information concerning the Company or any person or entity
      that
      directly, or indirectly through one or more intermediaries, controls or is
      controlled by, or is under common control with, the Company (an “Affiliate”),
      including, without limitation, the Company’s methods of doing business,
      marketing and strategic business plans, employees’ compensation and contract
      terms, customer lists and customer characteristics (collectively referred to
      as
“Proprietary Information”). The Executive agrees and covenants to exercise
      utmost diligence to protect and safeguard the trade secrets, confidential
      business practices and Proprietary Information concerning the Company and any
      Affiliate. The Executive further agrees and covenants that, except with the
      prior written consent of the Company, he will not, either during the Term hereof
      or thereafter, directly or indirectly, use for his own benefit or for the
      benefit of any other person or organization, or disclose, disseminate or
      distribute to any other person or organization, any of the Proprietary
      Information (whether or not acquired, learned, obtained or developed by the
      Executive alone or in conjunction with another), unless and until such
      Proprietary Information has become a matter of public knowledge through no
      action or fault of the Executive or unless otherwise required by court order
      to
      comply with legal process. All memoranda, notes, records, drawings, documents
      or
      other writings whatsoever made, compiled, acquired or received by the Executive
      during the Term hereof arising out of, in connection with, or related to any
      activity or business of the Company are and shall continue to be the sole and
      exclusive property of the Company, and shall, together with all copies thereof,
      be returned and delivered to the Company by the Executive immediately, when
      he
      ceases to be employed by the Company, or at any other time upon the Company’s
      demand.

    

    (11)
      NON-COMPETITION

    

    (a)
      The
      Executive agrees and covenants that, during the Term of this Agreement and
      for a
      period of twelve (12) months following the month during which the Executive
      ceases to be employed by the Company and its Affiliates (the “time in
      question”), the Executive will not, in any capacity, directly or
      indirectly,
      whether
      as a consultant, employee, officer, director, partner, member, principal,
      shareholder, or otherwise: 

    

    (i)
      become employed by, enter into a consulting arrangement with, or otherwise
      perform services for, manage, acquire an ownership in, or participate in the
      management or ownership of, a Competitor; or

    

    (ii)
      directly or indirectly divert or attempt to divert from the Company or any
      Affiliate any business in which the Company or any Affiliate has been actively
      engaged during the Term hereof, or in any way interfere with the relationships
      that the Corporation or any Affiliate has with its sources of supply or
      customers; or

    

    (iii)
      directly or indirectly interfere or attempt to interfere with the relationship
      between the Company or any Affiliate and any of such entity’s employees;

    

    unless
      the Company has granted prior written approval which may be withheld for any
      reason.

    

    For
      purposes of this Section “Competitor” means any person or entity (a ‘business’)
      that sells goods or services that are directly competitive with those goods
      or
      services sold or provided by the Company or any Affiliate in a geographic area
      in which the Company or Affiliate is doing business and such Competitor is
      also
      doing business at the time in question, and such goods or services were being
      sold or provided at the Date of Termination, and, for the Company’s
      most

    
      
        
        

      

      
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    recently
      completed fiscal year ending with, or immediately prior to, the Date of
      Termination, contributed more than 10% of the revenue of the Company and its
      Affiliates. Notwithstanding anything to the contrary in this Section, a business
      shall not deemed to be a Competitor with the Company if the Executive is
      employed by, or otherwise associated with such business and that business has
      a
      unit that is in competition with the Company or an Affiliate but the Executive
      does not have direct or indirect responsibilities for the services or goods
      involved in the competition.

    

    Nothing
      in this Section shall be construed to prohibit the ownership by the Executive
      of
      less than five percent (5%) of any class of securities of any entity that is
      engaged in any of the foregoing businesses having a class of securities
      registered pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”),
      provided that such ownership represents a passive investment and that neither
      the Executive, nor any group of persons including the Executive, in any way,
      directly or indirectly, manages or exercises control of such entity, guarantees
      any of its financial obligations, or otherwise takes any part in its business,
      other than through exercising the Executive’s rights as a
      shareholder.

    

    For
      purposes of this Section “Affiliate” means any entity that directly or
      indirectly controls, is controlled by, or is under common control with the
      Company.

    

    As
      used
      in Sections 10-12, the term the “Company” shall mean UIL Holdings Corporation,
      The United Illuminating Company and any successor to, or acquirer of, the
      business or assets of either of them.

    

    (b)
      The
      Executive acknowledges and agrees that, of the total payments and benefits
      to
      which he would be entitled under Sections 6(c) (termination of the Executive
      without cause), Section 6(d) (non-renewal), and Section 7 (termination in
      connection with a Change in Control) of this Agreement, as applicable, an amount
      equal to one (1) times his ‘Target Total Remuneration’, as hereinafter defined,
      shall be deemed to be on account of, and paid as consideration for, the covenant
      not to compete provided in this Section. Executive acknowledges and agrees
      that
      1/12 of the amount attributable to this covenant shall be paid out on a monthly
      basis during the 12 month period that this covenant is in force following his
      termination of service from the Company and its Affiliates, and that such amount
      shall be deducted from, and not be in addition to, the amounts otherwise payable
      under Section 6(c), 6(d) or 7 of this Agreement, as applicable. Target Total
      Remuneration shall be defined as the sum of the following components of the
      Executive’s remuneration as most recently approved by the Compensation and
      Executive Development Committee of the Board prior to the date of the
      Executive’s termination: (1) Base Salary, (2) target annual short-term incentive
      award, and (3) target annual long-term incentive award. In the event that the
      Company determines that this covenant has been violated, no further payments
      shall be made under this Section, the Executive shall be obligated immediately
      to repay any amounts paid hereunder, and the Company shall have all of the
      rights and remedies provided under Section 13 of this Agreement. Payments
      hereunder shall be subject to the rabbi trust deposit requirements of Section
      8.

    

    In
      the
      event that payments under the Change in Control Plan II would exceed those
      otherwise payable under this Agreement under Section 7 on account of a Change
      in
      Control, then such payments are expressly conditioned upon compliance with
      Section 11(a) and (b) of this Agreement and, of such Change in Control payments,
      an amount equal to one (1) times the Executive’s Target Total Remuneration shall
      be deemed to be on account of, and paid as

    
      
        
        

      

      
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    consideration
      for, the covenant not to compete provided in this Section, and shall be paid
      ratably over the 12 month period hereinbefore provided.

    

     

    (12)
      DISCLOSURE AND ASSIGNMENT OF INVENTIONS AND DISCOVERIES

     

     

    (a)
      Disclosure
      of Inventions.
      The
      Executive agrees to make prompt and complete disclosure to the Company of all
      inventions and discoveries made or conceived by him, alone or with others,
      while
      this Agreement is in effect, or within a reasonable time thereafter, which
      arise
      out of or relate to the services rendered pursuant to this Agreement. The
      Executive also agrees to keep necessary records, including notes, sketches,
      drawings, models and data supporting all such
      inventions and discoveries made by him, alone or with others, during the course
      of performing the services pursuant to this Agreement, and the Executive agrees
      to furnish the Company, upon request, all such records. 

     

    (b)
      Assignment
      of Inventions and Discoveries.
      The
      Executive also agrees that he will assign to the Company all inventions and
      discoveries made by him which arise out of and pertain to the services rendered
      pursuant to this Agreement, together with all domestic and foreign patents
      as
      may be obtained on these inventions and discoveries. The Executive further
      agrees that, upon request of the Company, he will execute all necessary papers
      and cooperate in the fullest degree with the Company in securing, maintaining
      and enforcing any such patents which arise out of his services under this
      Agreement. It is understood, however, that these obligations undertaken by
      Executive will be at no expense to him.

     

     

    (13)
      MISCELLANEOUS. 

     

    (a)
      Equitable
      Remedies.
      The
      Executive acknowledges that the restrictions provided for in Sections (10)
      through (12) are reasonable and necessary in order to protect the legitimate
      interests of the Company and its Affiliates, and that any violation thereof
      would result in serious damage and irreparable injury to the Company and its
      Affiliates. Further, the
      Executive acknowledges that the services to be rendered by him are of such
      unique and extraordinary nature, and the resulting injury to the Company from
      a
      breach of Sections (10) through (12), inclusive, by the Executive would be
      of
      such a nature, that an action at law for the collection of damages would not
      provide adequate relief to the Company for the enforcement of its rights in
      the
      event of an actual or threatened violation by the Executive of his commitments
      and obligations under Sections (10) through (12). The Executive agrees that
      upon
      the actual or threatened breach
      or
      violation of any of the commitments under Section (10) through (12), the Company
      shall be entitled to both preliminary and permanent injunctive relief, in any
      action or proceeding brought in an appropriate court having jurisdiction over
      the Executive, to restrain him from committing any violation of any such
      commitments and obligations. 

     

    (b)
      Effect
      Of Breach.
      All
      payments and other benefits payable but not yet distributed to Executive under
      Sections (6), (7) or (8) shall be forfeited and discontinued in the event that
      the Executive violates Sections (10) through (12) of this Agreement, or
      willfully engages in conduct which is materially injurious to the Company,
      monetarily or otherwise, all as determined in the sole discretion of the
      Company.

     

    
      
        
        

      

      
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    (c)
      Successors;
      Binding Agreement; Assignment.
      

     

    (i)
      The
      Company will require the acquirer of all or substantially all of the business
      or
      assets of the Company (whether directly or indirectly, by purchase of stock
      or
      assets, merger, consolidation or otherwise), by agreement in form and substance
      reasonably satisfactory to the Executive, to expressly assume and agree to
      perform this Agreement in the same manner and to the same extent that the
      Company would be required to perform it if no such succession had taken place.
      If the Company fails to obtain such agreement prior to the effective date of
      any
      such succession, the Executive may terminate his employment with in thirty
      (30)
      days of such succession and treat such termination as a Breach by the Company
      and termination without cause on account of a Change in Control entitling the
      Executive to payments and benefits under Section 7 of this Agreement. For
      purposes of implementing the foregoing, the date on which any such succession
      becomes effective shall be deemed the Date of Termination.

     

    (ii) This
      Agreement, and the Executive’s rights and obligations hereunder, may not be
      assigned by the Executive. Any attempted assignment of this Agreement by the
      Executive shall be void and of no force or effect. This
      Agreement and all rights of the Executive hereunder shall inure to the benefit
      of and be enforceable by the Executive’s personal or legal representatives,
      executors, administrators, successors, heirs, distributees, devisees and
      legatees.

     

     

    As
      used
      in this Section, the term the “Company” shall include The
      United Illuminating Company, UIL Holdings Corporation, and any successor to,
      or
      acquirer of, the business or assets of the Company that executes and delivers
      the agreement provided for in this Section (13)(c) or which otherwise becomes
      bound by all the terms and provisions of this Agreement by operation of
      law.

     

    (d)  Notices.
      For the
      purpose of this Agreement, notices and all other communications to either party
      hereunder 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 certified
      or
      registered mail, return receipt requested, postage prepaid, addressed, in the
      case of the Company, to the Secretary of the Company at 157 Church Street,
      New
      Haven, Connecticut 06506, or, in the case of the Executive, to the Executive
      at
      his residence, or to such other address as either party shall designate by
      giving written notice of such change to the other party.

     

    (e) Waiver;
      Amendment.
      No
      provision of this Agreement may be modified, waived or discharged unless such
      waiver, modification or discharge is approved by the UIL Board and agreed to
      in
      a writing signed by the Executive and the Company. 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 any similar or dissimilar provisions or
      conditions at the same or at any prior or subsequent time. No agreements or
      representations, oral or otherwise, express or implied, with respect to the
      subject matter hereof have been made by either party that are not set forth
      expressly in this Agreement. 

     

    (f)
       Governing
      Law; Severability.
      The
      validity, interpretation, construction and performance of this Agreement shall
      be governed by the laws of the State of Connecticut. The validity or
      unenforceability of any provision or provisions 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. In the event one or more of the
      provisions of this Agreement should, for any

     

    
      
        
        

      

      
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    reason,
      be held to be invalid, illegal or unenforceable in any respect, the parties
      agree that such provisions shall be legally enforceable to the extent permitted
      by applicable law, and that any court of competent jurisdiction shall so enforce
      such provision, or shall have the authority hereunder to modify it to make
      it
      enforceable to the greatest extent permitted by law. 

     

    (g) No
      Conflict.
      The
      Executive hereby represents and warrants to the Company that neither the
      execution nor the delivery of this Agreement, nor the employment of the
      Executive by the Company will result in the breach of any agreement to which
      the
      Executive is a party.

     

    (h) Survival.
      The
      provisions of this Agreement shall not survive the termination of this Agreement
      or of the Executive’s employment hereunder, except that the provisions of
      Sections (6) through (13) hereof shall survive such termination and shall be
      binding upon the Executive, the Executive’s personal representative and/or
      spouse, the Company, and the Company’s successors and assigns.

     

    (i) Counterparts;
      Facsimile Execution.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original but all of which together shall constitute one and the same
      instrument. Facsimile execution and delivery of this Agreement is legal, valid
      and binding execution and delivery for all purposes.

     

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first above written.

    

    

    

    
      	
              Date:
                

            	
              July
                8, 2005

            

    

    

    THE
      UNITED ILLUMINATING COMPANY

    

    Attest: 

    

    

    
      	
              /s/
                Susan E. Allen

            	 	
              By:

            	
              /s/
                Nathaniel D. Woodson

            
	
              Susan
                E. Allen

            	 	 	
              Nathaniel
                D. Woodson

            
	 	 	 	
              Its
                Chairman and Chief Executive
                Officer

            

    

    

    

    
      	 	 	
              /s/
                Richard J. Nicholas

            
	 	 	
              Richard
                J. Nicholas

            

    

     

    
      
        
        

      

      
        -
          17
          -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]