Document:

Amendment No. 1 to Employment Agreement

 Exhibit 10.66.2 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 The Employment Agreement between Cinergy Corp., its
subsidiaries and/or its affiliates (“Cinergy”) and Marc E. Manly (the “Executive”) dated as of November 15, 2002 (the “Agreement”) is hereby amended effective as of December 17, 2003. 
 AMENDMENTS 
  

	1.	Section 3b(ii)(4) of the Agreement is hereby amended and restated to read, in its entirety, as follows: 

 “Except as provided in Sections 3b(ii)(3) and 3b(ii)(5), the supplemental retirement benefit shall not be payable in the form of a single lump
sum.” 
  

	2.	Section 3b(ii) of the Agreement is hereby amended by adding the following new subsection (5) at the end thereof: 

 “(5) Special Payment Election Without a Change in Control. Notwithstanding the foregoing, the Executive may make an election, on a form
provided by Cinergy, to receive a single lump sum cash payment in an amount equal to one-half of the Actuarial Equivalent (as defined above in Section 3b(ii)(3)(D)) of his supplemental retirement benefit payable no later than 30 days after the
date of his termination of employment. In order to be effective, the special payment election under this Section 3b(ii)(5) must be made either (A) at least one year prior to the termination of the Executive’s employment with Cinergy
or (B) during 2003 and at least six months prior to the termination of the Executive’s employment with Cinergy. The lump sum amount payable pursuant to this Section 3b(ii)(5) shall be calculated in accordance with the provisions of
Section 3b(ii)(3)(D). In the event an amount is paid to or on behalf of the Executive pursuant to this Section 3b(ii)(5), such payment shall discharge any liability under this Agreement to or on behalf of the Executive with respect to
one-half of the Actuarial Equivalent (as defined above in Section 3b(ii)(3)(D)) of his supplemental retirement benefit.” 
 IN
WITNESS WHEREOF, the Executive and Cinergy have caused this Amendment to the Agreement to be executed as of the date first specified above. 
  

			
	CINERGY SERVICES, INC.
		
	By:	 	 \s\ James E. Rogers

		 	James E. Rogers
		 	Chairman and Chief Executive Officer
	
	EXECUTIVE
	
	 \s\ Marc E. Manly

	Marc E. Manly

  

 1Amendment No. 2 to Employment Agreement

 Exhibit 10.66.3 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 The Employment Agreement between Cinergy Corp., its subsidiaries
and/or its affiliates (“Cinergy”) and Marc E. Manly (the “Executive”) dated as of November 15, 2002 (the “Agreement”) is hereby amended pursuant to this amendment (the “Amendment”) effective as of the
completion of the Merger (as defined in the Agreement and Plan of Merger, dated as of May 9, 2005, by and among Duke Energy Corporation, Cinergy Corp., Duke Holding Corp., Duke Acquisition Corp., and Cinergy Acquisition Corp.). In the event
that the Merger does not occur, this Amendment shall be void ab initio and of no further force and effect. 
 AMENDMENT

 1. Section 4(d)(i) of the Agreement is hereby amended by substituting the word “Cinergy” with the words “Duke Holding Corp.”

 2. Section 4(d)(ii) of the Agreement is hereby superseded and replaced in its entirety as set forth below: 
 “(ii) (1) The material reduction without his/her consent of the Executive’s authority, duties or responsibilities from those in effect on
May 9, 2005 unless such reduction is not a material reduction in authority, duties or responsibilities from those in effect at any time within the 12 months prior to May 9, 2005 or (2) a material adverse change in the Executive’s
reporting responsibilities from those in effect on May 9, 2005 unless such change is not a material adverse change in reporting responsibilities from those in effect at any time within the 12 months prior to May 9, 2005, provided
that if the Executive fails to provide a Notice of Termination asserting Good Reason within thirty (30) days of the commencement of new authorities, duties or responsibilities or a new reporting relationship, the Executive shall be deemed to
have irrevocably waived the right to claim Good Reason in respect of such new authority, duties or responsibilities or reporting relationship.” 
 3.
Section 4(d)(iii) of the Agreement is hereby superseded and replaced in its entirety as set forth below: 
 “(iii) Any breach by
Cinergy or Duke Holding Corp. of any other material provision of this Agreement; provided, however, that if the place of performance is changed to Charlotte, North Carolina or Houston, Texas, no breach of Section 2b hereof shall
be deemed to have occurred to the extent relating to the place of performance.” 

 4. Section 4(d) of the Agreement is hereby amended by adding the following new subsection (vi) after
Section 4(d)(v): 
 “(vi) The failure of James E. Rogers to continue to serve as Chief Executive Officer of Duke Holding Corp.
(other than as a result of the death, disability or termination for cause of James E. Rogers or his voluntary resignation without good reason under his employment agreement).” 
 5. Section 8 of the Agreement is hereby amended by adding the following new sentence as the penultimate sentence of Section 8: 
 “Notwithstanding the foregoing provisions of this Section 8, any dispute that would otherwise be submitted to arbitration under this Section 8 arising in connection with Section 4(d)(ii) shall be
arbitrated under this Section 8 by an independent nationally-recognized human resources consulting firm mutually selected by the Company and the Executive within 30 days following the Company’s receipt of a Notice of Termination from the
Executive; provided that if the Company and the Executive do not agree on a consulting firm to arbitrate within such 30-day period, the American Arbitration Association shall select a human resources consulting firm to arbitrate and any issue
submitted for arbitration pursuant to this Section 8 shall be adjudicated in the state in which the Executive is employed by the Company or was employed by the Company immediately preceding such claim, as the case may be.” 
 6. Except as explicitly set forth herein, the Agreement will remain in full force and effect. 
  

 -2- 

 IN WITNESS WHEREOF, the Executive and Cinergy have caused this Amendment to the Agreement to be executed
as of the date first specified above. 
  

			
	CINERGY SERVICES, INC.
		
	 By:
	 	 \s\ James E. Rogers

		 	James E. Rogers
		 	Chairman and Chief Executive Officer
		
		 	 \s\ Marc E. Manly

		 	EXECUTIVE

  

 -3-Amendment No. 3 to Employment Agreement

 Exhibit 10.66.4 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 The Employment Agreement between Cinergy Corp., its
subsidiaries and/or its affiliates (“Cinergy”) and Marc E. Manly (the “Executive”) dated as of November 15, 2002, as amended (the “Agreement”) is hereby amended effective as of December 14, 2005. 

Section 3b(ii) of the Agreement is hereby amended by adding the following new subsection (6) at the end thereof: 
 “(6) Special Change in Control Payment Election With Respect to Amounts Earned and Vested After 2004. Notwithstanding anything herein to the
contrary, the Executive may make an election during 2005, on a form provided by Cinergy, to receive a single lump sum cash payment in an amount equal to the Actuarial Equivalent (as defined above in Section 3b(ii)(3)(D)) of his supplemental
retirement benefit (or the remaining portion thereof if payment of such benefit has already commenced) payable after the later of the occurrence of a Change in Control or his termination of employment. If the Executive’s termination of
employment occurs prior to a Change in Control, payment under this Subsection shall be made on the fifth business day after the occurrence of a Change in Control. If the Executive’s termination of employment occurs after the Change in Control,
payment under this Subsection shall occur on the fifth business day after such termination, or if necessary to comply with Code Section 409A, on the first business day after the sixth month anniversary of the termination of employment.
Notwithstanding anything to the contrary, this Subsection shall only apply with respect to the portion of the Executive’s benefit, if any, which is treated as “deferred” after December 31, 2004 (within the meaning of
Section 409A of the Code (the “Post-2004 Deferrals”)), and shall be interpreted accordingly. Notwithstanding any other provision to the contrary, the Post-2004 Deferrals shall be administered in a manner that complies with the
provisions of Section 409A of the Code, so as to prevent the inclusion in gross income of any amount in a taxable year that is prior to the taxable year or years in which such amount would otherwise actually be distributed or made available to
the Executive or his beneficiaries. An election made pursuant to this Subsection shall become operative only upon the occurrence of a Change in Control and only if the Executive’s termination of employment occurs either (1) prior to the
occurrence of a Change in Control or (2) during the 24-month period commencing upon the occurrence of a Change in Control. Once operative, such special payment election shall override any other payment election made by the Executive with
respect to his Post-2004 Deferrals. In the event an amount is paid to or on behalf of the Executive pursuant to this Section 3b(ii)(6), such payment shall discharge any liability under this Agreement to or on behalf of the Executive with
respect to his Post-2004 Deferrals.” 
  

 1 

 IN WITNESS WHEREOF, the Executive and Cinergy have caused this Amendment to the Agreement to be executed
as of the date first specified above. 
  

			
	CINERGY SERVICES, INC.
		
	By:	 	 \s\ James E. Rogers

		 	James E. Rogers
		 	Chairman and Chief Executive Officer
	
	EXECUTIVE
	
	 \s\ Marc E. Manly

	Marc E. Manly

  

 2Retention Award Agreement

 Exhibit 10.67 
 RETENTION AWARD AGREEMENT 
 THIS RETENTION AWARD AGREEMENT (the “Agreement”), effective as
of April 4, 2006 (the “Date of Grant”), is made by and between Duke Energy Corporation (“Duke Energy”), a Delaware corporation, and Marc Manly (the “Employee”), an employee of Duke Energy Corporation or one of its
directly or indirectly held majority or greater-owned subsidiaries or affiliates (collectively referred to herein as the “Company”). 
  

	1.	Contingent Award. 

  

	 	(a)	Grant of Retention Award. In consideration of Employee’s service for the Company, Duke Energy hereby grants to the Employee the opportunity to earn
a retention award (the “Retention Award”) pursuant to the terms of this Agreement. 

  

	 	(b)	Vesting Schedule. Subject to earlier forfeiture as described below, the Retention Award shall become fully vested in its entirety if the Employee is
continuously employed by the Company from the Date of Grant until the earliest to occur of the following dates (i) April 4, 2008, (ii) the date of the Employee’s death, (iii) the date on which the Company terminates the
Employee’s employment other than for Cause, if such termination occurs during the two-year period following the occurrence of a Change in Control, (iv) the date on which the Employee voluntarily terminates employment for Good Reason, if
such termination occurs during the two-year period following the occurrence of a Change in Control. Where used herein, the terms “Cause,” “Good Reason” and “Change in Control” shall have the meanings given to such terms
in Section 9 hereof. 

  

	 	(c)	Forfeiture of Retention Award. The Employee shall forfeit his or her Retention Award in its entirety if he or she ceases to remain continuously employed by the
Company until the date on which the Retention Award vests in accordance with Section 1(b) hereof. The Employee also shall forfeit his or her Retention Award if he or she (i) receives severance benefits under any agreement other than this
Agreement as a result of termination of employment following the Date of Grant and prior to the applicable vesting date described in Section 1(b) hereof or (ii) does not timely execute any waiver of claims in accordance with the
Company’s request as a condition to receiving payment for his or her Retention Award. 

  

	2.	 Payment of Earned Retention Award. Except as otherwise provided herein, in the event that the Retention Award becomes fully vested in
accordance with Section 1(b), the Employee shall be entitled to receive a lump sum cash payment equal to $860,000. Such payment shall be made as soon as administratively practicable following the date on which the Retention Award becomes
vested. 

	 	 
The Company shall have the right to deduct from all payments made to the Employee pursuant to this Agreement such federal, state, local or other taxes as
are, in the reasonable opinion of the Company, required to be withheld by the Company with respect to such payment. 

  

	3.	Transferability. The contingent rights set forth in this Agreement are not transferable otherwise than by will or the laws of descent and distribution.

  

	4.	No Right to Continued Employment. Solely for purposes of this Agreement, Employee shall be deemed to be employed by the Company during all periods in which he or she
is receiving benefits under any Company-sponsored short-term or long-term disability plan or program; provided, however, that nothing in this Agreement shall restrict the right of the Company to terminate the Employee’s employment at any time
with or without cause. 

  

	5.	Successors. The terms of this Agreement shall be binding upon and inure to the benefit of Duke Energy Corporation, its successors and assigns, and the Employee and the
Employee’s beneficiaries, executors, administrators, heirs and successors. 

  

	6.	Miscellaneous. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions of this Agreement, and this
Agreement shall be construed in all respects as if such invalid or unenforceable provision has been omitted. The headings of the Sections of this Agreement are provided for convenience only and are not to serve as a basis for interpretation or
construction, and shall not constitute a part of this Agreement. Except to the extent pre-empted by federal law, this Agreement and the Employee’s rights under it shall be construed and determined in accordance with the laws of the State of
Delaware. This Agreement and the Plan contain the entire agreement and understanding of the parties with respect to the subject matter contained in this Agreement, and supersede all prior communications, representations and negotiations in respect
thereto. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The Compensation Committee of Duke Energy, or its delegate, shall have final
authority to interpret and construe this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Employee and his or her legal representative in respect of any questions arising under
this Agreement. 

  

	7.	Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the parties.

  

	8.	Source of Payment. Any payments to Employee under this Agreement shall be paid from the Company’s general assets, and Employee shall have the status of a general
unsecured creditor with respect to the Company’s obligations to make payments under this Agreement. Employee acknowledges that the Company shall have no obligation to set aside any assets to fund its obligations under this Agreement.

	9.	Certain Definitions. 

  

	 	(a)	Cause. “Cause” shall mean (i) a material failure by the Employee to carry out, or malfeasance or gross insubordination in carrying out, reasonably
assigned duties or instructions consistent with the Employee’s position, (ii) the final conviction of the Employee of a felony or crime involving moral turpitude, (iii) an egregious act of dishonesty by the Employee (including,
without limitation, theft or embezzlement) in connection with employment, or a malicious action by the Employee toward the customers or employees of the Company, (iv) a material breach by the Employee of the Duke Energy’s Code of Business
Ethics, or (v) the failure of the Employee to cooperate fully with governmental investigations involving the Company; provided, however, that the Company shall not have reason to terminate the Employee’s employment for Cause pursuant to
this Agreement unless the Employee receives written notice from the Company identifying the acts or omissions constituting Cause and gives the Employee a 30-day opportunity to cure, if such acts or omissions are capable of cure.

  

	 	(b)	 Good Reason. “Good Reason” shall mean the occurrence (without the Employee’s express written consent which specifically references this
Agreement) of any one of the following acts by the Company, or failures by the Company to act, unless such act or failure to act is corrected within 30 days following written notice given in respect thereof: (i) a reduction in the
Employee’s annual base salary (exclusive of any across the board reduction similarly affecting all or substantially all similarly situated employees), (ii) a reduction in the Employee’s target annual bonus (exclusive of any across the
board reduction similarly affecting all or substantially all similarly situated employees), or (iii) the assignment to the Employee of a job position with a total point value under the Hay Point Factor Job Evaluation System that is less than
seventy percent (70%) of the total point value of the job position held by the Executive on the Date of Grant; provided, however, that in the event there is a claim by the Employee that there has been such an assignment and the Company disputes
such claim, whether there has been such an assignment shall be conclusively determined by the HayGroup (or any successor thereto) or if such entity (or any successor) is no longer in existence or will not serve, a consulting firm mutually selected
by the Company and the Employee or, if none, a consulting firm drawn by lot from two nationally recognized consulting firms that agree to serve and that are nominated by the Company and the Employee, respectively (such consulting firm, the
“Consulting Firm”) under such procedures as the Consulting Firm shall in its sole discretion establish; provided further that such procedures shall afford both the Company and the Employee an opportunity to be heard; 

	 	 
and further provided, however, that the Company and the Employee shall use their best efforts to enable and cause the Consulting Firm to make such
determination within thirty (30) days of the Employee’s claim of such an assignment. The Employee’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 hereunder. 

  

	 	(c)	Change in Control. “Change in Control” shall have the meaning given to such term in the Duke Energy Corporation 1998 Long-Term Incentive Plan, provided,
however, that for purposes of clarity, no Change in Control shall be deemed to have occurred in connection with any transactions or events resulting from the separation of the Company’s gas and electric businesses or in connection with the
transactions occurring pursuant to the Agreement and Plan of Merger dated as of May 8, 2005 by and among Duke Energy Corporation, Cinergy Corp., Deer Holding Corp., Deer Acquisition Corp. and Cougar Acquisition Corp., as it may be amended.

 IN WITNESS WHEREOF, this Agreement has been executed by the parties effective as of the date set forth herein. 

 

							
	EMPLOYEE	 	DUKE ENERGY CORPORATION
				
	Signature:	 	 \s\ Marc E. Manly
	 	By:	 	 \s\ Karen R. Feld

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