SJW Group amends executive severance plan, eliminating tax gross-ups for new participants

H2O AMERICA

Board amended Executive Severance Plan effective Oct 26, 2022 to remove special tax gross-ups for new participants.
Existing plan participants remain eligible for tax gross-ups under prior plan provisions.
Severance formula unchanged; Applicable Multiple stays at 3x for most officers.
Plan continues to cover qualifying terminations following a Change in Control.

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