October 14, 2016Duke Energy Progress, Llc. • February 24th, 2017 • Electric services
As we previously discussed, Duke Energy does not provide employment agreements to its employees except under very limited circumstances. Consistent with this policy, Piedmont Natural Gas Company, Inc. hereby provides notice under Section 4 of your Amended and Restated Employment Agreement, dated May 25, 2012 (the “Agreement”), that we will not be extending the term of the Agreement, and, therefore, the Agreement will terminate pursuant to its terms one year from the date hereof. If you have any questions, please do not hesitate to let me know.
RETENTION AWARD AGREEMENTRetention Award Agreement • February 24th, 2017 • Duke Energy Progress, Llc. • Electric services • North Carolina
THIS RETENTION AWARD AGREEMENT (the “Agreement”), effective as of the “Effective Time” within the meaning of the Agreement and Plan of Merger by and among Duke Energy Corporation, Forest Subsidiary, Inc. and Piedmont Natural Gas Company, Inc. (“Piedmont”), dated as of October 24, 2015 (the “Merger Agreement”), is made by and between Frank H. Yoho (the “Executive”) and Duke Energy Corporation (individually, “Duke Energy” and, collectively with its directly and indirectly held majority or greater-owned subsidiaries or affiliates, referred to herein as the “Company”).
