Re: Retention AgreementLetter Agreement • May 7th, 2015 • PPL Corp • Electric services • Pennsylvania
Effective as of May 6, 2015 (the “Effective Date”), this letter agreement (this “Agreement”) will serve to confirm the agreements reached between yourself, PPL Services Corporation (“PPL Services”) and PPL Corporation (the “Corporation” and collectively with PPL Services, the “Company”) with respect to a special retention arrangement intended to incentivize you to continue in employment as Executive Vice President, General Counsel and Secretary of the Corporation (or commencing at the time of the Spinoff (as defined below) or such earlier date as determined by the Company’s Chief Executive Officer, as Executive Vice President and Chief Legal Officer of the Corporation) during the period from the Effective Date until the Retention Date (as defined below) (such period the “Retention Period”). “Retention Date” means either (i) January 31, 2016, or (ii) in the event that on or following the Effective Date and prior to January 31, 2016, the Company enters into an agreement with any person t
