SEC Contract Filing

Filing Date: 2016-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>aee-exhibit101.htm
<DESCRIPTION>CONSULTING AGREEMENT
<TEXT>
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<div><a name="s2ECCE42324F0EF78D3DC0BC01224B420"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><img src="exh101woodardconsulti_image1.gif" style="height:46px;width:121px;"><font style="font-family:inherit;font-size:10pt;">&#32;&#32;</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">CONSULTING AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Consulting Agreement (&#8220;Agreement&#8221;) is hereby made by and between Jack D. Woodard, on behalf of himself, his spouse, beneficiaries, heirs, agents, successors, assigns, dependents, and anyone acting on his behalf (collectively referred to throughout this Agreement as &#8220;Woodard&#8221;), and the Nuclear and Operations Committee (the &#8220;Committee&#8221;) of the Board of Directors of Ameren Corporation (the &#8220;Board&#8221;).</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;">This Agreement shall be effective on May 1, 2016 (the &#8220;Effective Date&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Woodard will retire from the Board effective as of April 29, 2016;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">Woodard has served as Chair of the Nuclear Oversight and Environmental Committee of the Board and is willing to provide advisory services to the Committee, which is the successor committee to the Nuclear Oversight and Environmental Committee.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, the Committee is willing to engage Woodard as an independent contractor, and not as an employee, for certain pay that is provided under the terms and conditions set forth herein, and which pay is in addition to any other pay and benefits that may be due to Woodard upon his retirement from the Board pursuant to any plans or programs maintained by Ameren Corporation (&#8220;Ameren&#8221;) for members of the Board.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the foregoing and of the mutual promises set forth herein, and intending to be legally bound, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Consulting Arrangement</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;Provided that Woodard abides by all of Woodard&#8217;s obligations under Section 3 and that Woodard timely signs, dates and returns the Agreement, the Board agrees to provide a consulting arrangement to Woodard in accordance with this Agreement. Woodard agrees to provide consulting services to the Board beginning on the Effective Date and ending on October 31, 2016 (the &#8220;Consulting Period&#8221;) as an independent contractor as set forth herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Compensation</font><font style="font-family:inherit;font-size:12pt;">. For the Consulting Period, Ameren shall pay Woodard a monthly retainer equal to ten thousand dollars ($10,000), beginning May 1, 2016. Under Internal Revenue Code Section&#160;409A ("Section 409A"), each payment shall be treated as a separate payment. Woodard agrees that the payments and promises made by Ameren and the Committee, as applicable, to Woodard under this Agreement constitute valid consideration to Woodard for his obligations and promises made under this Agreement, including those promises made in Section 3. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;