EX-10.1
from 8-K
25 pages
Amended and Restated Employment Agreement (The “Agreement”) Made as of This 9th Day of July, 2009 (The “Effective Date”) Between Allegheny Energy Service Corporation (“Aesc”) for Itself and as Agent for Its Parent, Allegheny Energy, Inc. (“Aei”), the Affiliates and Subsidiaries of Aesc and Aei, and Any Successors or Assigns of Any of the Foregoing (The “Ae Companies”), and Paul J. Evanson (The “Executive”). Whereas, the Executive Had Entered Into an Employment Agreement With Aesc and Aei Dated June 9, 2003, as Amended Effective February 18, 2004 (The “Original Agreement”), Which Was Superseded by an Amended and Restated Employment Agreement With Aesc and Aei Dated July 26, 2007 (The “Prior Agreement”); Whereas, Aesc Desires to Procure the Continued Services of the Executive, and the Executive Is Willing to Continue in the Employment of Aesc, Upon the Terms and Subject to the Conditions Set Forth in This Agreement; and Whereas, Aesc and Aei and the Executive Desire to Amend and Restate the Prior Agreement as Set Forth Herein; Now, Therefore, in Consideration of the Covenants Contained Herein, and for Other Good and Valuable Consideration, the Parties Hereto Agree as Follows: 1. Employment and Term. (A) Employment. Aesc Hereby Offers to Employ the Executive, and the Executive Hereby Accepts Such Employment With Aesc, for the Term Set Forth in Section 1(b) and on the Terms and Conditions Set Forth in This Agreement. (B) Term. the Term of the Executive’s Employment Under This Agreement Shall Commence on the Effective Date And, Unless Terminated Earlier Pursuant to Section 8, Shall Continue Until June 15, 2011 (The “Term”)
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