DTE Energy 2015 Annual Report Download - page 152
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Exhibit 10.96
A. DTE Energy Company (the “Company”) adopted the DTE Energy Company Executive Supplemental Retirement Plan
(Amended and Restated Effective January 1, 2005) (the “Plan”) to enable the Company to attract and retain executives.
B. The Organization and Compensation Committee (the “Committee”) of the Company’s Board of Directors is authorized to amend
the Plan.
C. By a resolution properly adopted on February 3, 2016, the Committee amends the Plan to reflect changes in names of entities
affiliated with the Company and to clarify ambiguous Plan provisions governing participants’ elections to change the form of
distribution from the Plan so the provisions reflect the actual administration of the Plan.
The DTE Energy Company Executive Supplemental Retirement Plan (Amended and Restated Effective January 1, 2005) is amended
as follows:
1. Effective January 1, 2005, Section 6.04(b)(2)(B)(i) is replaced with the following:
(i) The Participant’s election is filed with the Committee at least 12 months before the earliest date on
which the distribution of the Post-2004 Benefit would begin under the Participant’s then-current distribution election;
(I) For purposes of this Section 6.04(b)(2)(B)(i), the date the Participant terminates
employment other than because of death is treated as “the earliest date on which distribution of the Post-2004 Benefit would
begin” if the Participant has not filed a previous election under this Section 6.04(b)(2)(B) to change the form of distribution of
the Post-2004 Benefit.
2. Effective January 1, 2005, Paragraph (b)(2)(A) under “Payment Options – Post-2004 Benefit” in Appendix A, is replaced with the
following:
(A) The election is filed with the Committee at least 12 months before the earliest date on which the
distribution of the Post-2004 Benefit would begin under the then-current distribution election;
(I) For purposes of this Paragraph (b)(2)(A), the date the eligible employee terminates
employment other than because of death is treated as “the earliest date on which distribution of the Post-2004 Benefit would
begin” if the eligible employee has not filed a previous election under this Paragraph (b)(2) to change the form of distribution of
the Post-2004 Benefit.
3. Effective January 1, 2013, the following references in Appendix A to “The Detroit Edison Company” are replaced with “DTE
Electric Company”:
a. Title
b. Preamble (two occurrences)
c. Definition of “Company” (three occurrences)
d. Definition of “Certain Management or Highly Compensated Employees”
e. Paragraph 1(C) of “Eligibility”
f. Sentence preceding “Schedule of Payments”
g. “Beneficiary Designation” paragraph
h. Paragraph 3 of Exhibit A
i. Title of Addendum I