EXHIBIT 10(Z)(9)
CONSULTING AGREEMENT
AGREEMENT made as of May 24, 1995 between LONG ISLAND LIGHTING COMPANY,
a New York corporation, having its principal offices at 000 Xxxx Xxx Xxxxxxx
Xxxx, Xxxxxxxxxx, Xxx Xxxx 00000 (hereinafter the "Company") and XXXXXXXX X.
XXXXX, residing in Ft. Xxxxx, Florida (hereinafter the "Consultant");
WHEREAS, the company has requested that the Consultant
perform services for it; and
WHEREAS, the Consultant is willing to perform consulting
services for the Company;
NOW THEREFORE, it is agreed that:
1. Effective May 24, 1995, the Consultant will be engaged as a
Consulting Director for a period ending on the day of the 1996 Annual Meeting of
Shareowners. The Consultant will advise and counsel the Board of Directors and
any of its committees on various business and financial matters and any other
areas requested by or on behalf of the Board of Directors of the Company.
2. For such services, the Consultant will receive an annual retainer
equal to the annual retainer paid to a duly elected Director, an additional
$500.00 for each Board or Committee meeting attended and the same pension and
health benefits provided to a duly elected director.
3. The Consultant shall have the right to participate as a
Consulting Director in the Company's Deferred Compensation Plan
for Directors and the Company's Retirement Income Plan for
Directors.
4. This agreement shall be governed by the laws of the
State of New York.
IN WITNESS WHEREOF, this agreement has been executed this 23rd day of
August, 1995.
CONSULTANT LONG ISLAND LIGHTING COMPANY
/s/ XXXXXXXX X. XXXXX /s/ XXXXXXXX X. XXXXXX
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XXXXXXXX X. XXXXX CORPORATE SECRETARY
