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Exhibit 10.99
First Amendment
to the
DTE Energy Company Long-Term Incentive Plan
as Amended and Restated Effective May 1, 2014
Recitals
A. On May 1, 2014, the shareholders of DTE Energy Company (the “Company”) approved the DTE Energy Company Long-Term
Incentive Plan as Amended and Restated Effective May 1, 2014 (the “LTIP”), to enable the Company to attract and retain executives
and management personnel.
B. Article 14.01 of the LTIP authorizes the Company’s Board of Directors (the “Board”) to amend the LTIP when the amendment is
non-material and does not require shareholder approval.
C. By a resolution properly adopted on February 4, 2016, the Board amends the LTIP to impose additional requirements for vesting
and payment of Awards following a Change in Control under specified circumstances.
Plan Amendment
Effective immediately, the DTE Energy Company Long-Term Incentive Plan as Amended and Restated Effective May 1, 2014 is
amended as follows:
1. Article 12.01 is amended to read as follows:
12.01 Effect on Awards
(a) Subject to Section 13.09, the following provisions govern the treatment of an outstanding award under this Plan
upon a Change in Control if the award is not continued under Section 12.02(a) and is not substituted under Section
12.02(b):
(i) Options
Each outstanding Option is fully exercisable (in whole or in part at the discretion of the holder) on and after a
Control Change Date.
(ii) Stock Awards
Each outstanding Stock Award is transferable and non-forfeitable on and after a Control Change Date without
regard to whether any Performance Objectives or other conditions to which the award is subject have been met.
(iii) Performance Shares
Each outstanding Performance Share award is earned as of a Control Change Date and will be settled as soon
thereafter as practicable.
(iv) Performance Units
All outstanding Performance Units are earned as of a Control Change Date and will be settled as soon thereafter
as possible.
(b) Subject to Section 13.09, the following provisions govern the treatment of an outstanding award under this Plan
upon a Change in Control if the award is continued under Section 12.02(a) or substituted under Section 12.02(b):
(i) Options
Each outstanding Option is fully exercisable (in whole or in part at the discretion of the holder) on and after the
earlier of:
(A) The date specified in the Award Agreement; or