Incentive Bonus Agreement: Definition, Terms, Example

Exhibit 10.1

ALLIANT ENERGY CORPORATION

Special Incentive Agreement

THIS SPECIAL INCENTIVE AGREEMENT (“Agreement”) is made and entered into as of the 28^th day of May, 2010, by and between Alliant Energy Corporation, a Wisconsin corporation, on behalf of itself and its subsidiaries and affiliates (the “Company”), and Barbara J. Swan, a key employee of the Company (“Employee”).

R E C I T A L S

WHEREAS, Employee is employed by the Company in a key executive capacity and Employee’s services are valuable to the conduct of the business of the Company;

WHEREAS, the Company recognizes that circumstances may arise in the future causing a potential conflict of interest between the Company’s needs for Employee to remain focused on the Company’s business and the necessary continuity in management, and Employee’s reasonable personal concerns regarding economic protection;

WHEREAS, the Company and Employee are desirous that any proposal for future retirement will be considered by Employee objectively and with reference only to the best interests of the Company and its shareowners; and

WHEREAS, Employee will be in a better position to consider the Company’s best interests if Employee is afforded reasonable economic security in the form of an incentive payment, as provided in this Agreement, to accomplish certain goals that promote the best interests of the Company.

A G R E E M E N T

NOW, THEREFORE, in consideration of the promises and of the covenants and agreements herein set forth, the parties hereto mutually covenant and agree as follows:

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i. Makes substantial progress in assisting in the appointment of a successor General Counsel of the Company;

ii. Makes substantial progress and, if possible concludes, pending litigation related to notices of violation from the Environmental Protection Agency and notices of intent to sue from the Sierra Club of Wisconsin alleging violations at several generating stations operated by Wisconsin Power and Light Company;

iii. Makes substantial progress and, if possible concludes, pending litigation against the Alliant Energy Corporation Cash Balance Plan;

iv. Successfully transitions all Strategic and Corporate Services leadership functions to successor leadership;

v. Provides mentoring to the successor President of Wisconsin Power and Light Company, if such successor President is identified prior to Employee’s retirement;

vi. Agrees to be available to the Chief Executive Officer, successor General Counsel and Vice President of Human Resources of the Company for consultation as an independent contractor on the items listed in this Section 2(c) for up to six months after retirement, for not more than 20% of the average level of bona fide services performed by Employee for the Company and its 409A affiliates over the immediately preceding 36-month period, at an hourly rate of $225.00.

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[The signatures to this Agreement are on the next page.]

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IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer and Employee has hereunto affixed her hand as of the day and year first above written.

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Reference:
Security Exchange Commission - Edgar Database, EX-10.1 2 dex101.htm SPECIAL INCENTIVE AGREEMENT, Viewed September 16, 2022, View Source on SEC.