Common use of Deferral Arrangement Clause in Contracts

Deferral Arrangement. The Executive will be permitted to defer some or all of the Cash Incentive Compensation and up to 50% of the Minimum Annual Salary under the EEX Corporation Deferred Compensation Plan (or comparable plan of the Company), the terms of which have been provided to the Executive.

Deferral Arrangement. The Executive will be permitted to defer some or all of the Cash Incentive Compensation and up to 50% of the Minimum Annual Salary under the EEX ENSERCH Corporation Deferred Compensation Plan (or comparable plan of the Company), the terms of which have been provided to the Executive.