PSEG amends Key Exec Severance Plan; clarifies eligibility and adds voluntary exit program

PUBLIC SERVICE ENTERPRISE GROUP INC

Amendment updates eligibility language and clarifies when employees are eligible or not for benefits.
Employees may now qualify for severance under a voluntary Exit Incentive Program (EIP) in specified circumstances.
References to the closed PSEG Energy Resources and Trade (ER&T) incentive plan were removed.
Other administrative clarifications and adjustments were incorporated effective April 16, 2024.

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