Document:

Exhibit

Exhibit 10.33

FIRST AMENDMENT 
TO THE 
SJW CORP. 
EXECUTIVE OFFICER SHORT-TERM INCENTIVE PLAN  
(As Amended and Restated January 30, 2013)

WHEREAS, SJW Corp. (“SJW California”) maintained the SJW Corp. Executive Officer Short-Term Incentive Plan (the “Plan”);
WHEREAS, SJW California was merged with and into SJW Group, Inc., a Delaware corporation and wholly-owned subsidiary of SJW California (the “Company”);
WHEREAS, effective upon the merger of SJW California with and into the Company (the “Merger”), the Company changed its name to SJW Group;
WHEREAS, at the effective time of the Merger, the Company assumed the Plan; and
WHEREAS, the Company wishes to amend the Plan to reflect the assumption of the Plan by the Company at the effective time of the Merger.
NOW, THEREFORE, the Plan is hereby amended as follows to be effective upon consummation of the Merger:
1.The title of the Plan shall be revised to “SJW Group Executive Officer Short-Term Incentive Plan”.
2.All references to “SJW Corp.” in the Plan shall be replaced with references to “SJW Group”.
3.Except as expressly modified by this First Amendment, all the terms and provisions of the Plan shall continue to remain in full force and effect.
[Signature Page Follows]

DB2/ 30717378.2
	
			
	 
	 
	 

        

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 15th day of November, 2016.

	
		
	SJW Group

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, President, 

	 
	Chief Executive Officer and

	 
	Chairman of the Board of Directors

DB2/ 30717378.2
[Signature Page to the First Amendment to the
Executive Officer Short-Term Incentive Plan]Exhibit

Exhibit 10.35

FIRST AMENDMENT 
TO THE 
SJW CORP. 
EXECUTIVE SEVERANCE PLAN  
(As Amended and Restated January 1, 2010 and As Further Amended October 26, 2010)

WHEREAS, SJW Corp. (“SJW California”) maintained the SJW Corp. Executive Severance Plan (the “Plan”);
WHEREAS, SJW California was merged with and into SJW Group, Inc., a Delaware corporation and wholly-owned subsidiary of SJW California (the “Company”);
WHEREAS, effective upon the merger of SJW California with and into the Company (the “Merger”), the Company changed its name to SJW Group;
WHEREAS, at the effective time of the Merger, the Company assumed the Plan; and
WHEREAS, the Company wishes to amend the Plan to reflect the assumption of the Plan by the Company at the effective time of the Merger.
NOW, THEREFORE, the Plan is hereby amended as follows to be effective upon consummation of the Merger:
1.The title of the Plan shall be revised to “SJW Group Executive Severance Plan”.
2.All references to “SJW Corp.” in the Plan shall be replaced with references to “SJW Group”.
3.Except as expressly modified by this First Amendment, all the terms and provisions of the Plan shall continue to remain in full force and effect. 
[Signature Page Follows]

DB2/ 30717359.2
	
			
	 
	 
	 

    

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 15th day of November, 2016.

    
	
		
	SJW Group

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, President, 

	 
	Chief Executive Officer and

	 
	Chairman of the Board of Directors

DB2/ 30717359.2
[Signature Page to the First Amendment to the Executive Severance Plan]Exhibit

Exhibit 10.37

FIRST AMENDMENT 
TO THE 
SAN JOSE WATER COMPANY  
SPECIAL DEFERRAL ELECTION PLAN  
(October 23, 2012 Amendment and Restatement, Effective as of January 1, 2013)
WHEREAS, San Jose Water Company (the “Company”) maintains the San Jose Water Company Special Deferral Election Plan (the “Plan”);
WHEREAS, SJW Corp., the corporate parent of the Company, will be merged with and into SJW Group, Inc., a Delaware corporation, which thereafter will change its name to SJW Group, for the purpose of changing the state of incorporation of SJW Corp. from California to Delaware (collectively, the “Merger”); and
WHEREAS, the Company wishes to amend the Plan to reflect the Merger. 
NOW, THEREFORE, the Plan is hereby amended as follows to be effective upon consummation of the Merger:
1.All references to “SJW Corp.” in the Plan shall be replaced with references to “SJW Group”.
2.The first sentence of Section 3.04 is amended in its entirety to read as follows:
3.04    “Change in Control” shall mean a change in ownership or control of the Corporation or a change in ownership or control of SJW Group, a Delaware corporation (“SJW Group”) which occurs while SJW Group is the beneficial owner (as determined pursuant to Rule 13d-3 of the 1934 Act) of securities that possess more than fifty percent (50%) of the total combined voting power of the Corporation’s outstanding voting securities.
2.Except as expressly modified by this First Amendment, all the terms and provisions of the Plan shall continue to remain in full force and effect.  
[Signature Page Follows]

DB2/ 26294567.3
	
			
	 
	 
	 

    

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 26th day of October, 2016.

	
		
	SAN JOSE WATER COMPANY

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, Chief Executive Officer and

	 
	Chairman of the Board of Directors

	 
	 

DB2/ 26294567.3
[Signature Page to First Amendment to the Special Deferral Election Plan]Exhibit

Exhibit 10.39

FIRST AMENDMENT 
TO THE 
SJW CORP. 
AMENDED AND RESTATED DEFERRED RESTRICTED STOCK PROGRAM  
(As Amended and Restated on December 6, 2007)

WHEREAS, SJW Corp. (“SJW California”) maintains the SJW Corp. Amended and Restated Deferred Restricted Stock Program (the “Program”) under the SJW Corp. Long-Term Incentive Plan (the “LTIP”);
WHEREAS, SJW California was merged with and into SJW Group, Inc., a Delaware corporation and wholly-owned subsidiary of SJW California (the “Company”);
WHEREAS, effective upon the merger of SJW California with and into the Company (the “Merger”), the Company changed its name to SJW Group;
WHEREAS, at the effective time of the Merger, the Company assumed the LTIP and the Program; and
WHEREAS, the Company wishes to amend the Program to reflect the assumption of the Program by the Company at the effective time of the Merger.
NOW, THEREFORE, the Program is hereby amended as follows to be effective upon consummation of the Merger:
1.The title of the Program shall be revised to “SJW Group Deferred Restricted Stock Program”.
2.All references to “SJW Corp.” in the Program shall be replaced with references to “SJW Group”.
3.Except as expressly modified by this First Amendment, all the terms and provisions of the Program shall continue to remain in full force and effect.
[Signature Page Follows]

DB2/ 30717291.2
	
			
	 
	 
	 

    

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 15th day of November, 2016.

    
	
		
	SJW Group

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, President, 

	 
	Chief Executive Officer and

	 
	Chairman of the Board of Directors

DB2/ 30717291.2
[Signature Page to the First Amendment to the
Amended and Restated Deferred Restricted Stock Program]Exhibit

Exhibit 10.41

FIRST AMENDMENT 
TO THE 
SJW CORP. 
DEFERRAL ELECTION PROGRAM FOR
NON-EMPLOYEE BOARD MEMBERS  
(As Amended and Restated on January 30, 2006, and As Further Amended June 1, 2006, December 6, 2007 and October 30, 2013)

WHEREAS, SJW Corp. (“SJW California”) maintained the SJW Corp. Deferral Election Program for Non-Employee Board Members (the “Program”);
WHEREAS, SJW California was merged with and into SJW Group, Inc., a Delaware corporation and wholly-owned subsidiary of SJW California (the “Company”);
WHEREAS, effective upon the merger of SJW California with and into the Company (the “Merger”), the Company changed its name to SJW Group;
WHEREAS, at the effective time of the Merger, the Company assumed the Program; and
WHEREAS, the Company wishes to amend the Program to reflect the assumption of the Program by the Company at the effective time of the Merger.
NOW, THEREFORE, the Program is hereby amended as follows to be effective upon consummation of the Merger:
1.The title of the Program shall be revised to “SJW Group Deferral Election Program for Non-Employee Board Members”.
2.All references to “SJW Corp.” in the Program shall be replaced with references to “SJW Group”.
3.Except as expressly modified by this First Amendment, all the terms and provisions of the Program shall continue to remain in full force and effect.  
[Signature Page Follows]

DB2/ 30717162.2
	
			
	 
	 
	 

        

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on this 15th day of November, 2016.

	
		
	SJW Group

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, President, 

	 
	Chief Executive Officer and

	 
	Chairman of the Board of Directors

DB2/ 30717162.2
[Signature Page to the First Amendment to the
Deferral Election Program for Non-Employee Board Members]Exhibit

Exhibit 10.44

FORMULAIC EQUITY AWARD PROGRAM FOR 
NON-EMPLOYEE BOARD MEMBERS

AMENDMENT NO. 1

SJW Corp.’s Formulaic Equity Award Program For Non-Employee Board Members
 (the “Automatic Grant Program”), is hereby amended, effective with the 2017 Annual Meeting, subject to ratification by the Corporation’s Board of Directors on or prior to the close of business of such date.

1.Section II.A.2 of the Automatic Grant Program is hereby amended and restated in its entirety to read as follows:

“2.    Commencing with the 2017 Annual Meeting, the Applicable Annual Amount shall be in the dollar amount of Sixty Thousand Dollars ($60,000.00) per non-employee Board member for the Awards to be made at each annual meeting of the Corporation’s shareholders.  For Awards made at the Annual Meetings for 2014, 2015 and 2016, the Applicable Annual Amount was in the dollar amount of Thirty-Five Thousand Dollars ($35,000.00) per non-employee Board member.”

3.Except as modified by this Amendment No. 1, all the terms and provisions of the Automatic Grant Program shall continue in full force and effect. 

IN WITNESS WHEREOF, SJW Corp. has caused this Amendment No. 1 to be executed on its behalf by its duly-authorized officer on this 26th day of October 2016.

                        
	
		
	                   SJW CORP.

	 
	 

	 
	 

	By:
	/s/ W. Richard Roth

	 
	W. Richard Roth, President and

	 
	Chief Executive Officer

	 
	 

    

DB2/ 30566588.1

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