DTE Energy 2015 Annual Report Download - page 159

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(B) The Participant’s Change in Control Termination.
(ii) Stock Awards
Each outstanding Stock Award is transferable and non-forfeitable on and after the earlier of:
(A) The date specified in the Award Agreement; or
(B) The Participant’s Change in Control Termination 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 the earlier of:
(A) The date specified in the Award Agreement; or
(B) The Participant’s Change in Control Termination, and will be settled as soon thereafter as
practicable.
(iv) Performance Units
Each outstanding Performance Unit Award is earned as of the earlier of:
(A) The date specified in the Award Agreement; or
(B) The Participant’s Change in Control Termination, and will be settled as soon thereafter as
practicable.
(c) Definitions
For purposes of this Article XII:
(i) Change in Control Termination. A Participant has a Change in Control Termination if:
(A) The Participant’s employment is terminated by the Company or a Subsidiary during the Severance
Period other than:
(I) because of the Participant’s death;
(II) because the Participant became permanently disabled within the meaning of, and began
receiving disability benefits under, the Company or Subsidiary sponsored long-term disability
plan in effect for, or applicable to, the Participant immediately prior to the Change in Control;
(III) under any mandatory retirement policy of the Company or a Subsidiary; or
(IV) for Cause;
or
(B) The Participant terminates his or her employment during the Severance Period for Good Reason,
regardless of whether any other reason, other than Cause, for the Participant’s termination exists or has
occurred, including other employment.
(ii) Severance Period. A Severance Period resulting from a Change in Control is the period beginning on the
date the Change in Control occurs and ending on the earliest of:
(A) The second anniversary of the Change in Control;
(B) The Participant’s 65th birthday, if the Participant is subject to the DTE Energy Mandatory
Retirement Policy; or
(C) The Participant’s death.