Document:

exv10wgw1

 

EXHIBIT 10.G.1

AMENDMENT NO. 1 TO THE

EL PASO CORPORATION

SUPPLEMENTAL BENEFITS PLAN

     Pursuant to Section 6.7 of the El Paso Corporation Supplemental Benefits Plan, Amended and
Restated effective as of December 7, 2001 (the “Plan”), the Plan is hereby amended as follows,
effective November 7, 2002:

     Section 2.6 is deleted in its entirety.

     Section 5.2 is hereby deleted in its entirety and replaced with the following:

     “5.2 Supplemental RSP Benefits

     Upon termination of employment of a Participant, the Company shall pay or
cause to be paid to such Participant (or his or her Beneficiary in the case of his
or her death) supplemental RSP benefits calculated as described below. The Company
shall periodically determine the amount of any additional Employer matching
contributions that would have been credited to a Participant’s account under the
RSP if his or her current election of Participant contributions had been given
effect and no adjustment of such contributions had occurred due to:

     (a) the maximum dollar limit under Code Section 415(c)(1)(A) on RSP annual
additions,

     (b) the maximum limit under Code Section 401(a)(17) on the compensation taken
into account under the RSP,

     (c) any further reductions in the compensation taken into account under the
RSP as a result of any deferrals of compensation elected by the Participant
pursuant to Section 125 or Section 401(k) of the Code or under the Deferred
Compensation Plans.

     From time to time, as determined by the Management Committee, the Company
shall allocate amounts equal to such additional Employer matching contributions to
a ledger account for the Participant as of the time or times that such amounts
would have been contributed to the RSP if permitted thereunder.

     Supplemental RSP benefits under this Section 5.2 shall be vested and
nonforfeitable to the same extent that the related benefits under the RSP are
vested and nonforfeitable.”

 

 

     Section 5.4(b) is hereby deleted in its entirety and replaced with the following:

     “(b) Supplemental RSP Benefit Payments. The payment of any supplemental RSP
benefits pursuant to Section 5.2 owed to a Participant (or his or her Beneficiary)
shall be made in a lump sum as soon as practicable after the Participant’s
termination of employment with the Employer and shall be in an amount equal to the
Participant’s ledger account balance at the time of such payment.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this
7th day of November, 2002.

	 	 	 	 	 
	 	EL PASO CORPORATION

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

Administration 	 
	 

	 	 	 	 	 
	ATTEST:	 	 
	 
	 	 	 	 
	By:

	 	/s/ David L. Siddall	 	 
	 

	 	 

Corporate Secretaryexv10wgw5

 

EXHIBIT 10.G.5

AMENDMENT
NO. 5 TO THE

EL
PASO CORPORATION

SUPPLEMENTAL BENEFITS PLAN

     WHEREAS, El Paso Corporation (the “Company”) maintains the El Paso Corporation Supplemental
Benefits Plan (the “Plan”), amended and restated effective as of December 7, 2001;

     WHEREAS, Section 6.7 of the Plan permits the Board of Directors or the Compensation Committee
of the Board of Directors 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 6.10 is hereby amended in its entirety to read as follows:

     “6.10 Cessation of Accruals under the Plan

     Notwithstanding any other provision of this Plan, effective as of December
31, 2004, the accrual of benefits under this Plan shall cease, other than interest
credits and other earnings accrued following December 31, 2004 in respect of
amounts accrued under the Plan on or prior to December 31, 2004. All
Participants, who accrued a supplemental pension benefit under Section 5.1 of the
Plan, but who were not vested in such benefit on December 31, 2004, shall not be
paid a supplemental pension benefit under this Plan, and such non-vested accrued
benefit shall be paid to the Participant under the El Paso Corporation 2005
Supplemental Benefits Plan, upon such benefit becoming vested and in accordance
with the payment terms of the 2005 Supplemental Benefits Plan. The intent of this
Section 6.10 is to cause the Plan not to be subject to Section 409A of the Code.”

     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 Secretaryexv10whw1

 

EXHIBIT 10.H.1

AMENDMENT NO. 1 TO THE

EL PASO ENERGY CORPORATION

SENIOR EXECUTIVE SURVIVOR

BENEFIT PLAN

     Pursuant to Section 7.5 of the El Paso Energy Corporation Senior Executive Survivor Benefit
Plan, Amended and Restated effective as of August 1, 1998 (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 Senior
Executive Survivor Benefit Plan “ 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
 	 
	 	 	Joel Richards III 	 
	 	 	Executive Vice President

Human Resources and Administration 	 
	 

	 	 	 
	Attest:
	 	 
	 
	 	 
	/s/ David L. Siddall
 

Corporate Secretaryexv10whw2

 

EXHIBIT 10.H.2

AMENDMENT NO. 2 TO THE

EL PASO CORPORATION

SENIOR EXECUTIVE SURVIVOR

BENEFIT PLAN

     Pursuant to Section 7.5 of the El Paso Corporation Senior Executive Survivor Benefit Plan,
Amended and Restated effective as of August 1, 1998, as amended (the “Plan”), the Plan is hereby
amended as follows, effective October 1, 2002:

     WHEREAS, the Company desires to clarify provisions of the Plan to reflect the intent of the
Committee relating to participation in the Plan pursuant to Section 3.1 of the Plan and payment of
a pre-retirement survivor’s benefit pursuant to Section 4.1 of the Plan.

     NOW THEREFORE, the following amendments shall be made to the Plan:

     Section 3.1 of the Plan is deleted in its entirety and replaced with the following:

“3.1 Participation in the Plan

     Executives of the Company and its subsidiaries who possess an employee classification
of level F or higher will be eligible to participate in the Plan (the “Participants”).
Generally, Participants will be the Chairman of the Board and Chief Executive Officer, the
Vice Chairman and the Senior Officers of the Company and certain of its operating
subsidiaries reporting directly to them who have the principal responsibility for the
management, direction and success of the Company as a whole or particular business unit
thereof. However, the Administrator may, at his discretion and solely for purposes of
determining eligibility to be a Participant, adjust an employee’s level classification to
ensure that level classifications are determined in a uniform manner among the Company and
its subsidiaries. Any participant in the Burlington Resources Inc. Senior Executive
Survivor Benefit Plan (“BRI Plan”) on the day immediately preceding the effective date of
this Plan, who is an employee of the Company, shall become a Participant of this Plan on
the effective date and shall immediately cease participation in the BRI Plan.”

     Section 4.1 is deleted in its entirety and replaced with the following:

     “4.1 Pre-Retirement Survivor’s Benefit

     If a Participant dies while employed by the Company or a subsidiary, the Company
(either directly or through a third party) shall pay to the Participant’s Beneficiary a
monthly survivor benefit (“Survivor’s Benefit”) for 30 months. The monthly payment shall
be calculated as follows:

 

 

	 	(a)	 	the amount necessary to pay (i) two and one-half times the
Participant’s Annual Salary less (ii) the amount of any Cash-Out that the
Participant previously received (as described in Section 4.2), and less (iii)
$50,000, which may be paid as a group life insurance benefit;
	 
	 	(b)	 	divided by thirty.

In the alternative, the Plan Administrator, in its sole discretion, may provide that the
Survivor’s Benefit be paid in lump-sum.

     In the event the Survivor’s Benefit is deemed taxable to the Participant’s
Beneficiary, the benefit will be increased to adjust for Federal income taxes at the
highest applicable marginal rate for the year in which the lump-sum payment is made or the
monthly payments begin. In the case of monthly payments, the Beneficiary shall be assumed
to pay tax on the complete benefit in the year the monthly payments commence, rather than
upon receipt of each monthly payment when such amounts are actually taxable. If the amount
so calculated is zero or less, no payment shall be made to the Participant’s Beneficiary
under this Plan.”

          IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this
1st day of October 2002.

	 	 	 	 	 
	 	EL PASO CORPORATION

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

Administration 	 
	 

	 	 	 	 	 
	ATTEST:	 	 
	 
	By:

	 	/s/ David L. Siddall
 

Corporate Secretary

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