Title
Resolution - Approval of Key Performance Indicators Plan 2021 Period 1 Results Payout - E Dauterive
Other Info
Submitted By: Sylvia Romero on behalf of Eddie Dauterive
Department: Chief Operations Officer
Financial Impact and Cost/Benefit Considerations: The financial impact of the proposed 2021 Key Performance Indicators (KPI) Plan as presented in Open Session.
Discussion
The Board of Directors may consider approving modifications to the 2021 KPI Plan for Period 1 Results payment as presented this day.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that the 2021 Key Performance Indicator Plan for Period 1 is modified to exclude 2021 Extreme Winter Storm impacts and associated considerations as presented; and
BE IT RESOLVED BY THE BOARD OF DIRECTORS that the 2021 Key Performance Indicator Plan Period 1 Results Payout are 7.91% as provided by the 2021 Key Performance Indicators Plan approved on January 15, 2021 and as modified by this resolution; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is authorized to take all actions necessary to implement this resolution.