December 13, 2023 Via Email and UPS Overnight Paul M. DailySouthwest Gas Holdings, Inc. • December 15th, 2023 • Natural gas transmisison & distribution • Nevada
In light of your forthcoming retirement from Centuri Group, Inc. (the “Company”) and any of its subsidiaries or affiliates, this letter agreement (the “Agreement”) outlines the terms and conditions of your employment as President and Chief Executive Officer (“CEO”) of the Company during the period beginning on the date both you and the Company have executed this Agreement (the “Effective Date”) and ending on the date your employment terminates for any reason (the “Separation Date” and such period between the Effective Date and Separation Date, the “Transition Period”). You, the Company, and the Company’s ultimate parent, Southwest Gas Holdings, Inc. (“SWX”) intend for the Separation Date to occur on the date on which you have effectively transitioned your responsibilities to the Company’s new CEO, as determined by the Chief Executive Officer of SWX (the “SWX CEO”), which you, the Company and SWX intend to occur by or before June 30, 2024. In the event the Separation Date occurs after D
