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Exhibit 10.5

															
			DTE ENERGY COMPANY
Annual Incentive Plan
Restated Effective July 1, 2022

Purpose
		

The DTE Energy Company Annual Incentive Plan (“Plan”) was originally established in 1997 to reward eligible employees of DTE Energy Company (“DTE”) and its Subsidiaries for accomplishing financial and strategic objectives that improve DTE’s operating results and position DTE for long-term profitability and successful individual performance.  DTE has amended the Plan in the past and is again amending and restating the Plan to reflect the Plan’s updated purposes and provisions.

															
			Definitions		

“Administrator” means the Committee or the Chief Executive Officer of DTE, to the extent the Committee has delegated responsibilities to the Chief Executive Officer as provided under “Administration and Amendment.”

“Award” means, with respect to a Plan Year, the applicable percentages (e.g., target, minimum and maximum percentages), Performance Measures, and weights and performance levels for each Performance Measure as established by the Administrator in writing and communicated to each Participant for that Plan Year.

“Board” means the Board of Directors of DTE.

“Change in Control” for purposes of the Plan will have occurred if any of the following events occurs:
1.The consummation of a transaction in which DTE is merged, consolidated or reorganized into or with another corporation or other legal person (the “Surviving Entity”), and as a result of the transaction less than 55% of the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors ("Voting Stock") of the Surviving Entity immediately after the transaction is held in the aggregate by the holders of Voting Stock of DTE immediately prior to the transaction;
2.The consummation of a sale or transfer in which DTE sells or otherwise transfers all or substantially all of its assets to another corporation or other legal person (the “Acquiring Entity”), and as a result of the sale or transfer less than 55% of the combined voting power of the then-outstanding Voting Stock of the Acquiring Entity immediately after the sale or transfer is held in the aggregate (directly or through ownership of Voting Stock of DTE or a Subsidiary) by the holders of Voting Stock of DTE immediately prior to the sale or transfer;
3.The approval by the shareholders of DTE of a complete liquidation or dissolution of DTE.
July 1, 2022 Restatement DTE Energy Company Annual Incentive Plan – Page 1 of 5

“Change in Control Award” means an Award for a Plan Year ending before a Change in Control occurs or an Award for a Plan Year in which a Change in Control occurs.

“Committee” means the Organization and Compensation Committee of the Board.  If required by the listing rules of any domestic stock exchange on which DTE stock is listed, the Committee will be composed solely of individuals who are "Non-Employee Directors" as that term is used in Rule 16b-3 under the Securities Exchange Act of 1934 and who satisfy any other applicable requirements under the listing exchange’s rules.

“Disability” means a Participant’s eligibility to receive benefits under a long-term disability plan sponsored by DTE or a Subsidiary.

“Participant” means any employee of DTE or a Subsidiary selected by the Administrator to receive an Award for that Plan Year.

“Performance Measure” is an objective determined by the Administrator (in its discretion) to be applicable to a Participant with respect to an Award. The Performance Measures may differ from Participant to Participant and from Award to Award. Any criteria used may be measured, as applicable, in absolute or relative terms (including passage of time and/or against another company or companies), on a per share basis, against the performance of DTE as a whole, of any Subsidiary, or of a division of DTE or a Subsidiary, and on a pre-tax or after-tax basis.  A Performance Measure measures performance for a Plan Year.  

“Plan Year” means the calendar year.

“Retirement” means a Participant’s termination of employment with DTE and all Subsidiaries (a) at or after age 55 with at least 10 years of service with DTE and all Subsidiaries or (b) at or after age 65.

“Subsidiary” means a corporation, partnership, joint venture, limited liability company, unincorporated association or other entity in which DTE has a direct or indirect ownership or other equity.

															
			Annual Award Procedures		

For each Plan Year, the Administrator will establish and report to the Board the specific criteria for eligibility, the type and timing of Awards and the manner of payment of Awards, the Performance Measures and related weights to be used in computing Award amounts, and the performance levels for each Performance Measure.  The Administrator will then notify each Participant of the terms of the Participant’s Award for that Plan Year.

July 1, 2022 Restatement DTE Energy Company Annual Incentive Plan – Page 2 of 5

															
			Award Payment		

Awards for a Plan Year are not payable until the Administrator has certified that the Performance Measures and levels entitling a Participant to payment have been satisfied. The Administrator reserves the right to increase or decrease the amount payable under any Award or to cancel any outstanding Award if, in the Administrator’s sole discretion, the Administrator determines that the adjustment or cancellation is in DTE’s best interests. 

The maximum amount that may be paid to any Participant under an Award for a single Plan Year is $6,000,000.

The payment, if any, under an Award will be made as soon as practicable following certification by the Administrator, but in no event later than the end of the Plan Year following the Plan Year for which the Award was made.  

															
			Forfeiture of Award Payment		

A Participant whose employment with DTE and all Subsidiaries terminates before payment is made under an Award for a Plan Year forfeits any Award to which the Participant may have been entitled for that Plan Year.  However, if the Participant’s employment terminates during a Plan Year because of the Participant’s Retirement, Disability, or death, the Participant (or the Participant’s beneficiary, in the event of the Participant’s death) will be eligible to receive:
1.    payment of any Award for a completed Plan Year not yet paid as of the Participant’s termination date; and
2.    a pro-rata portion of the Award the Participant would have received for the Plan Year in which the Participant’s employment terminated.  

The amount paid under (2), above, will be:
•the amount of the Award that would have been payable if the Participant’s employment had not terminated, based on actual attainment of applicable Performance Measures as certified by the Administrator, times
•a fraction, the numerator of which is the number of days in the Plan Year to which the Award relates before the Participant’s termination date, and the denominator of which is 365.  

The pro-rata portion of the Award is subject to reduction in the Administrator’s sole discretion based on the Participant's individual performance during the Participant’s period of employment during the Plan Year of termination. 

Any payment of an Award made to a Participant whose employment terminated because of the Participant’s Retirement, Disability, or death will be made at the time the payment would have been made if the Participant’s employment had not terminated.
July 1, 2022 Restatement DTE Energy Company Annual Incentive Plan – Page 3 of 5

															
			Beneficiary		

Any Award payable after the Participant’s death will be paid:

1.    to the beneficiary designated by the Participant for any group life insurance provided by DTE or a Subsidiary on the Participant’s life; or
2.    if the Participant has not designated a beneficiary for any group life insurance provided by DTE or a Subsidiary, to the Participant’s estate.

															
			Change in Control Awards		

This section supersedes any conflicting provision of the Plan.  

After a Change in Control occurs, no certification of Performance Measures and levels is required for any Change in Control Award.  The amount of the Change in Control Award earned is the greater of the amount that would have been payable on attainment of:
1.target performance level for each Performance Measure; or
2.actual performance level for each Performance Measure, 

using performance through the date the Change in Control occurred for purposes of determining actual levels of performance.  

No Change in Control Award may be reduced by the Administrator, modified or canceled.  

The Plan may not be terminated or substantially modified in a way that adversely affects any Change in Control Award without the affected Participant's written consent.

															
			Administration and Amendment		

The Committee is the Administrator and administers the Plan.  The Committee has the authority to interpret the provisions of the Plan and prescribe any regulations relating to its administration. The decisions of the Committee with respect to the administration of the Plan are conclusive, subject to any limitations on the Committee's action imposed by the terms of the Plan or any Award.

The Committee, in its discretion, may delegate to the Chief Executive Officer of DTE all or part of the Committee’s authority and duties as the Administrator with respect to Awards to individuals who are not subject to the reporting and other provisions of Section 16 of the Securities Exchange Act of 1934, as amended.  The Committee may revoke or amend the terms of a delegation at any time.  However, any revocation or amendment of a delegation does not invalidate any prior actions of the Chief Executive Officer acting under a prior delegation from the Committee that were consistent with the terms of the Plan and the prior delegation. 
July 1, 2022 Restatement DTE Energy Company Annual Incentive Plan – Page 4 of 5

The Board reserves the right to amend, suspend or terminate the Plan at any time.

															
			Funding Status		

Benefits under the Plan are payable solely from the general assets of DTE and remain unfunded and unsecured (under the Internal Revenue Code and Title I of the Employee Retirement Income Security Act of 1974, as amended) during the entire period of the Plan's existence. Each Participant and the Participant's beneficiary are merely general creditors of DTE and the obligations of DTE under the Plan are contractual and are not funded or secured in any way.  However, nothing in the Plan precludes DTE from segregating assets that are intended to be a source of payment of benefits under the Plan, as long as those assets remain subject to the general creditors of DTE.

															
			Additional Provisions		

Non-Alienability and Non-Transferability
No Participant and no beneficiary of a Participant may alienate, assign, transfer, pledge, or encumber the Participant’s or beneficiary’s right to payment of any benefit under the Plan or subject the right to payment of any benefit under the Plan to execution, attachment, or any similar process.   A Participant’s account cannot be subject in any manner to alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, whether voluntary or involuntary, including but not limited to any liability which is for alimony or other payments for the support of a spouse or former spouse, or for any other relative of the Participant.  Any attempted assignment, pledge, levy or similar process is null and void and without effect.

Governing Law
The Plan is governed by the laws of the State of Michigan, except for its choice-of-law provisions.

Effect on Employment
Participation in the Plan does not guarantee a Participant continued employment with DTE or any Subsidiary.

Participation in the Plan does not affect a Participant’s eligibility to participate in any other benefit or incentive plan of DTE or any Subsidiary. Treatment of any income realized as a result of the payment of any Award under the Plan for purposes of any employee retirement benefit plan sponsored by DTE or a Subsidiary, insurance, or other employee benefit program will be governed by the terms of the other plan or program.

Acceptance of Award 
By accepting an Award under the Plan, a Participant and the Participant’s successor in interest or personal representative is conclusively deemed to have indicated acceptance or ratification of, and consent to, any action taken under the Plan by the Administrator.
July 1, 2022 Restatement DTE Energy Company Annual Incentive Plan – Page 5 of 5exhibit102candidateoffer

  ASSOCIATED BANC-CORP            433 Main Street    Green Bay, Wisconsin 54301      May 31, 2022  Mr. Bryan Carson    Dear Bryan:  I am pleased to offer you employment with Associated Banc-Corp (the “Company”) pursuant to  the terms set forth in this letter agreement (the “Agreement”) and conditioned as set forth herein.    1. The following outlines the general terms of our offer:  Position/Duties: Your position will be Executive Vice President, Chief Product & Marketing  Officer (the “CPMO”) of the Company and its subsidiaries (“Associated”).   You will report directly to the President and Chief Executive Officer  (“CEO”), Andy Harmening with duties assigned by the CEO and the Board of  Directors of the Company (the “Board”) consistent with your title and your  role with the Company.    Start Date: We would like you to commence your employment with Associated as soon  as possible. You agree to provide your current employer with notice as soon  as possible but no later than the next business day after acceptance of this  offer. As time is of the essence for Associated, you agree to commence your  employment with Associated no later than September 6 (the date you begin  employment with Associated is your “Start Date”).  If you are unable to begin  employment with Associated by the Start Date, the offer of employment shall  be revoked, and this Agreement shall be deemed null and void.     Base Salary: Your annualized base salary (“Base Salary”) for 2022 will be $440,000, to be  earned and payable in accordance with Associated’s normal payroll cycles.   The Compensation Committee of the Board (the “Compensation Committee”)  will review your Base Salary annually and may adjust your Base Salary in  future years.    Annual Incentive: During each year of your employment, you will be eligible to earn an annual  cash incentive, targeted at 65% of your Base Salary then in effect.  For 2022,  your annual incentive bonus will be prorated to 60% of target if your Start  Date is on or before August 5. If your Start Date is after August 5 but not later  than September 6, your 2022 bonus will be prorated to 50% of target. Your  actual incentive will be calculated and based on the attainment of Associated’s  and/or individual performance objectives as established each year under  Associated’s Management Incentive Plan.   The Compensation Committee  may change your target annual incentive in future years.    Long-term Incentive You will be eligible for an annual equity grant in 2023 with a grant date fair  value (as determined under GAAP) equal to 70% of your then Base Salary.   For 2023, equity grants will be made in the form of time vested restricted stock  units (25% of the award, with vesting ratably annually over 4 years) and      DocuSign Envelope ID: 3235E5F7-9E05-4F09-B13A-AD0F1B4140FF 

 

2  performance vesting restricted stock units (75% of the award, with vesting  over a 3-year performance period). Awards will be subject to, and governed  by, Associated’s 2020 Incentive Compensation Plan. The Compensation  Committee may change the mix, weighting, vesting and/or form of awards in  the future.    Sign-on Grant On your Start Date, the Company will grant you certain restricted stock units  (the “Sign-on Grant”).  The Sign-On Grant will have a value of $790,000. The  Sign-on Grant will be in the form of time-based restricted stock and will vest  ratably over 3 years. Awards will be subject to, and governed by, Associated’s  2020 Incentive Compensation Plan. The number of shares subject to the Sign- on Grant will be determined by dividing the value of the grant by the average  of the closing prices of the Company’s stock for the ten trading days ending  immediately prior to your Start Date.   Benefits: During your employment, you will be eligible for Associated’s then-current  employee benefits programs applicable to senior executives of Associated  generally (including, 401(k) plan, our Retirement Account Plan, Supplemental  Executive Retirement Plan, medical, dental, and vacation or paid time-off  policies or programs), subject to all plan terms and eligibility requirements.   Any benefits for which you may be eligible will be more fully described in the  applicable plan summaries and related documents.  Associated reserves the  right to change, discontinue or amend its benefit programs and policies at any  time.  Associated will reimburse you for up to $150,000 of reasonable  expenses incurred by you in relocating to Wisconsin (including moving,  temporary housing and other expenses incurred with selling your home in  Ohio) Such reimbursements will require appropriate documentation under  Associated’s expense reimbursement policies.    Sign-on Bonus As part of your offer of employment, Associated Bank will pay a $150,000  signing bonus to you within the first 30 days of employment. In the event you  voluntarily leave the company for any reason before completing one year of  service, the signing bonus must be repaid per the following pro-rated schedule.  Months of Employment Pro-rated Schedule  1 to 3 100%  4 to 6 75%  7 to 9 50%  10 to 12 25%     At-Will Employment:    Your employment at Associated is “at will.”  This means that you may resign  from Associated at any time for any reason and Associated has the right to  terminate your employment relationship with or without cause at any time.   DocuSign Envelope ID: 3235E5F7-9E05-4F09-B13A-AD0F1B4140FF 

 

3    Change of Control:  Neither this Agreement nor any other communication, written or oral, should  be construed as a contract of employment for any particular duration.   You will be eligible for our standard form of Change in Control Agreement at  the Executive Leadership Team level (two times level).    2. You represent that your acceptance of employment with Associated, and the performance  of your duties for Associated, does not and will not constitute a breach of or conflict with any agreement  or covenant you may have with any current or former employer, including an agreement to keep in  confidence any proprietary information of another entity that has been acquired by you in confidence or in  trust.    3. This Agreement shall be governed, construed, interpreted and enforced in accordance with  its express terms, and otherwise in accordance with the substantive laws of the State of Wisconsin, without  reference to the principles of conflicts of law or choice of law of the State of Wisconsin, or any other  jurisdiction, and where applicable, the laws of the United States.  4. The invalidity 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.  5. By signing below, you acknowledge and agree to the terms of our offer and the terms this  Agreement.   6. This Agreement, the Change in Control Agreement, and the grant agreement reflecting  your Sign-On Grant (to be consistent with the provisions of this Agreement), are intended to be the final  expression of our agreements with respect to the subject matter hereof and supersede, cancel and annul all  prior understandings and agreements, whether written or oral.  To the extent that the terms of the Sign-On  Grant agreement are inconsistent with the provisions of this Agreement, this Agreement shall control.      7. This Agreement may be executed in several counterparts, each of which shall be deemed  to be an original, but all of which together will constitute one and the same Agreement.  Signatures  delivered by .pdf, .jpeg, or other electronic means will be accepted as an original.  Signature page follows.  DocuSign Envelope ID: 3235E5F7-9E05-4F09-B13A-AD0F1B4140FF 

 

  Please sign and date this Agreement in the space indicated and return it to my attention to evidence  your understanding and acceptance of the terms set forth herein.   Sincerely,   ASSOCIATED BANC-CORP, INC.    By: Andrew J. Harmening  Its: President and Chief Executive Officer     Agreed and Accepted:         Bryan Carson    Dated:   DocuSign Envelope ID: 3235E5F7-9E05-4F09-B13A-AD0F1B4140FF 6/2/2022

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