Document:

exv10wow1

 

EXHIBIT 10.O.1

AMENDMENT NO. 1 TO THE

OMNIBUS PLAN FOR MANAGEMENT EMPLOYEES

     Pursuant to Section 13.1 of the El Paso Energy Corporation Omnibus Plan for Management
Employees, Amended and Restated Effective as of December 3, 1999 (the “Plan”), the Plan is hereby
amended as follows, effective December 1, 2000:

     Section 5.1 is hereby amended to read as follows:

     “5.1 Subject to Section 5.2, the maximum number of shares for which Options, limited stock
appreciation rights, stock appreciation rights and Restricted Stock may at any time be granted
under the Plan is thirty-seven million (37,000,000) shares of Common Stock, from shares held in the
Company’s treasury or out of authorized but unissued shares of the Company, or partly out of each,
as shall be determined by the Plan Administrator, subject to, and reduced by (on a post-split
basis), the number of shares of Common Stock awarded prior to the occurrence of a two-for-one stock
split effected by the Company in the form of a 100% stock dividend on April 1, 1998. Any Options,
limited stock appreciation rights, stock appreciation rights and shares of Restricted Stock
outstanding under the Plan on April 1, 1998, shall be adjusted on a two-for-one basis to reflect
the stock dividend. For purposes of this Section 5.1, the aggregate number of shares of Common
Stock issued under this Plan at any time shall equal only the number of shares actually issued upon
exercise or settlement of Options, limited stock appreciation rights, stock appreciation rights or
Restricted Stock and not returned to the Company upon cancellation, expiration or forfeiture
(regardless of whether the holder of such awards received dividends or other economic benefits) of
any such award or delivered (either actually or by attestation) in payment or satisfaction of the
purchase price, exercise price or tax obligation of the award.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this 1sth day
of December, 2000.

	 	 	 	 	 
	 	EL PASO ENERGY CORPORATION

 	 
	 	By  	/s/ Joel Richards III
 	 
	 	 	Executive Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	ATTEST:

 	 
	 	By  	/s/ David L. Siddall
 	 
	 	 	Corporate Secretaryexv10wow2

 

EXHIBIT 10.O.2

AMENDMENT NO. 2 TO THE

EL PASO ENERGY CORPORATION

OMNIBUS PLAN FOR MANAGEMENT EMPLOYEES

     Pursuant to Section 13.1 of the El Paso Energy Corporation Omnibus Plan for Management
Employees, Amended and Restated effective as of December 3, 1999 (the “Plan”), the Plan is hereby
amended as follows, effective February 7, 2001:

     WHEREAS, the Certificate of Incorporation of El Paso Energy Corporation, a Delaware
corporation, was amended to change the name of the corporation to El Paso Corporation effective
February 7, 2001.

     NOW THEREFORE, the name of the Plan is hereby changed to the “El Paso Corporation Omnibus Plan
for Management Employees” and all references in the Plan to “El Paso Energy Corporation” or the
“Company” shall mean “El Paso Corporation.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this
7th day of February 2001.

	 	 	 	 	 
	 	EL PASO CORPORATION

 	 
	 	By  	/s/ Joel Richards III
 	 
	 	 	Executive Vice President 	 
	 	Human Resources and Administration 	 
	 

	 	 	 	 	 
	 	ATTEST:

 	 
	 	By  	/s/ David L. Siddall
 	 
	 	 	Corporate Secretaryexv10wow3

 

EXHIBIT 10.O.3

AMENDMENT NO. 3 TO THE

OMNIBUS PLAN FOR MANAGEMENT EMPLOYEES

     Pursuant to Section 13.1 of the El Paso Corporation Omnibus Plan for Management Employees,
Amended and Restated Effective as of December 3, 1999 (the “Plan”), the Plan is hereby amended as
follows, effective December 7, 2001:

Section 5.1 is hereby amended to read as follows:

     “5.1 Subject to Section 5.2, the maximum number of shares for which Options, limited stock
appreciation rights, stock appreciation rights and Restricted Stock may at any time be granted
under the Plan is fifty-eight million (58,000,000) shares of Common Stock, from shares held in the
Company’s treasury or out of authorized but unissued shares of the Company, or partly out of each,
as shall be determined by the Plan Administrator, subject to, and reduced by (on a post-split
basis), the number of shares of Common Stock awarded prior to the occurrence of a two-for-one stock
split effected by the Company in the form of a 100% stock dividend on April 1, 1998. Any Options,
limited stock appreciation rights, stock appreciation rights and shares of Restricted Stock
outstanding under the Plan on April 1, 1998, shall be adjusted on a two-for-one basis to reflect
the stock dividend. For purposes of this Section 5.1, the aggregate number of shares of Common
Stock issued under this Plan at any time shall equal only the number of shares actually issued upon
exercise or settlement of Options, limited stock appreciation rights, stock appreciation rights or
Restricted Stock and not returned to the Company upon cancellation, expiration or forfeiture
(regardless of whether the holder of such awards received dividends or other economic benefits) of
any such award or delivered (either actually or by attestation) in payment or satisfaction of the
purchase price, exercise price or tax obligation of the award.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this 7th day
of December, 2001.

	 	 	 	 	 
	 	EL PASO CORPORATION

 	 
	 	By  	/s/  Joel Richards III
 	 
	 	Executive Vice President 	 
	 	Human Resources and Administration 	 
	 

	 	 	 	 	 
	 	ATTEST:

 	 
	 	By  	/s/ David L. Siddall
 	 
	 	Title:      Corporate Secretaryexv10wow4

 

EXHIBIT 10.O.4

AMENDMENT NO. 4 TO THE

EL PASO CORPORATION

OMNIBUS PLAN FOR MANAGEMENT EMPLOYEES

     Pursuant to Section 13.1 of the El Paso Corporation Omnibus Plan for Management Employees,
Amended and Restated effective as of December 3, 1999, as amended (the “Plan”), the Plan is hereby
amended as follows, effective December 6, 2002:

     The term of the Plan is hereby extended under Section 11 of the Plan and shall terminate on
December 6, 2012.

     A new Section 12.10 is added to read as follows:

“12.10 Any stock options or other awards outstanding under the Plan may be changed to
reduce the exercise price, cancelled in exchange for other compensation, or repurchased,
subject to such terms as the Plan Administrator shall determine is appropriate, provided
that the Company shall obtain the consent or approval of the Participant to any such
reduction in exercise price, cancellation or repurchase if and to the extent required under
the terms of the Plan, stock option or other award. Any such stock options or other equity
awards will then be placed back into the Plan for reissuance.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this 6th day
of December, 2002.

	 	 	 	 	 
	 	EL PASO CORPORATION

 	 
	 	By:  	/s/ David E. Zerhusen                  
 	 
	 	 	David E. Zerhusen 	 
	 	 	Its Executive Vice President

Administration 	 
	 

	 	 	 	 	 
	 	ATTEST:

 	 
	 	By:  	   /s/ David L. Siddall            
 	 
	 	 	Corporate Secretaryexv10wpw1

 

EXHIBIT 10.P.1

AMENDMENT NO. 1 TO THE

EL PASO CORPORATION

SEVERANCE PAY PLAN

     WHEREAS, El Paso Corporation (the “Company”) maintains the El Paso Corporation Severance Pay
Plan (the “Plan”), as amended and restated effective as of October 1, 2002;

     WHEREAS, Section 6.2 of the Plan permits the Company from time to time to amend the Plan, in
whole or in part;

     WHEREAS, it is intended hereby to amend the Plan to comply with Section 409A of the Internal
Revenue Code of 1986, as amended.

     NOW, THEREFORE, the Plan is amended as follows:

     1. Section 2.2A is hereby added to the Plan as follows:

 “2.2A “Code” shall mean the Internal Revenue Code of 1986, as amended, and
any and all regulations and rulings thereunder.”

     2. Section 4.2 is hereby amended in its entirety to read as follows:

 “4.2 Form and Time of Payment

    Except as provided hereunder for Specified Employees (as defined below),
Severance Pay shall be paid in a lump sum in cash, less any applicable federal,
state, local and foreign taxes required to be withheld. Severance Pay shall be
paid as soon as administratively practicable after the expiration of the period
during which the Eligible Employee may revoke the Separation Agreement pursuant to
the terms of the Separation Agreement, provided that the Severance Pay shall be
paid, as determined by the Plan Administrator in his sole discretion, no later
than the later to occur of (i) the last day of the calendar year in which the
Eligible Employee’s Qualifying Termination occurs or (ii) the 90th day
following the day of the Eligible Employee’s Qualifying Termination. The
Severance Pay payable to any Eligible Employee shall be solely the obligation of
the Employer by whom the Eligible Employee was employed on his or her Termination
Date. If an Eligible Employee is a “specified employee” as defined in Section
409A(a)(2)(B)(i) of the Code (“Specified Employee”), then any Severance Pay which
is not otherwise exempt from Section 409A of the Code shall be paid during a
30-day period which commences on the date which is the day after the six-month
anniversary of such Specified Employee’s Qualifying Termination.”

 

 

     3. Section 4.4 is hereby amended in its entirety to read as follows:

“4.4 Outplacement Benefits

     Each Eligible Employee whose termination of employment entitles him or her to
Severance Pay shall be entitled to receive outplacement benefits from the Company
at its expense. The scope, nature and duration of such outplacement benefits
shall be as determined by the Company in its sole
discretion; provided, that no outplacement benefits shall be for a period
longer than six (6) months. Except as provided below with respect to a Specified
Employee, the payment of any outplacement benefits provided in this Section 4.4
shall be made to the Eligible Employee as soon as administratively practicable
after the Eligible Employee has provided the appropriate claim documentation, but
in no event shall the payment for any such outplacement benefits be paid later
than the last day of the calendar year following the calendar year in which the
expense was incurred. Notwithstanding anything herein to the contrary, to the
extent required by Section 409A of the Code: (1) the amount of outplacement
benefits eligible for reimbursement or to be provided as an in-kind benefit under
this Plan during a calendar year may not affect the outplacement benefits eligible
for reimbursement or to be provided as an in-kind benefit in any other calendar
year, and (2) the right to reimbursement or in-kind benefits under this Plan shall
not be subject to liquidation or exchange for another benefit. With respect to a
Specified Employee during the six-month period commencing the date after the
Specified Employee’s termination of employment, the cost of any outplacement
benefits provided in this Section 4.4 which are not otherwise exempt from Section
409A of the Code shall be paid by the Specified Employee to the outplacement
service provider and reimbursed by the Company after the completion of such
six-month period but no later than the last day of the calendar year following the
calendar year in which such outplacement benefits were incurred.

     4. Section 4.5 is hereby amended in its entirety to read as follows:

“4.5 Continued Health Benefits

     Each Eligible Employee whose termination of employment entitles him or her to
Severance Pay shall be entitled to receive the continued health benefits from the
Company set forth on the attached Exhibit B and as set forth below. Except as
provided below with respect to a Specified Employee, the payment of any health or
medical claims for the health and medical coverage provided in this Section 4.5
shall be made to the Eligible Employee as soon as administratively practicable
after the Eligible Employee has provided the appropriate claim documentation, but
in no event shall the payment for any such health or medical claim be paid later
than the last day of the calendar year following the calendar year in which the
expense was incurred. Notwithstanding anything herein to the contrary, to the
extent required by Section 409A of the Code: (1) the amount of medical claims
eligible for reimbursement or to be provided as an in-kind benefit under this Plan during a calendar
year may not affect the medical claims eligible

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for
reimbursement or to be provided as an in-kind benefit in any other calendar year,
and (2) the right to reimbursement or in-kind benefits under this Plan shall not
be subject to liquidation or exchange for another benefit. With respect to a
Specified Employee during the six-month period commencing the date after the
Specified Employee’s termination of employment, the cost of any health or medical
claims for health and medical coverage provided in this Section 4.4 which are not
otherwise exempt from Section 409A of the Code shall be paid by the Specified
Employee to the health and medical service provider and reimbursed by the Company
after the completion of
such six-month period but no later than the last day of the calendar year
following the calendar year in which such health and medical expenses were
incurred.”

        IN WITNESS WHEREOF, this amendment has been executed by the undersigned, thereunto duly
authorized, effective as of January 1, 2007.

	 	 	 	 	 
	 	EL PASO CORPORATION

 	 
	 	By:  	   /s/ Susan B. Ortenstone   
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	ATTEST:

 	 
	 	By:  	/s/ Marguerite Woung-Chapman
 	 
	 	 	Corporate Secretary 	 
	 	 	 	 
	 

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