SEVERANCE AGREEMENT AND RELEASE
This SEVERANCE AGREEMENT AND RELEASE (“Agreement”) is entered into by and between Thomas M. Walker
(“Employee”) and Alliant Energy Corporate Services, Inc. (“Employer”). In consideration for the mutual promises set forth
herein, the parties agree as follows:
1. Severance Date . Employee’s employment with Employer will terminate effective November 15, 2003 (“Severance Date”).
Employee shall receive Employee’s current salary and benefits, including payment for unused vacation, through the
Severance Date. Except as expressly provided herein, all obligations of Employer to Employee will terminate as of the
2. Severance Benefits . In consideration for the release set forth in Paragraph 5 of this Agreement and the restrictions set forth
in Paragraph 8 of this Agreement, Employer will pay to Employee the sum of six hundred eighty thousand dollars
($680,000.00), subject to appropriate federal and state withholdings, by the next regular pay period following the expiration
of the seven (7) day revocation period specified in Paragraph 12.
Employer will also pay Employee reasonable attorneys fees, as determined by Employer, incurred by Employee in the
negotiation of this Agreement.
Outplacement Services or Tuition Reimbursement . In further consideration for the release set forth in Paragraph 5 of this
Agreement and the restrictions set forth in Paragraph 8 of the Agreement, Employer will provide Employee with up to
twenty thousand dollars ($20,000.00) in either outplacement services or tuition reimbursement. Outplacement services must
be used within six (6) months of the Severance Date and tuition reimbursement benefits must be used within twenty-four
(24) months of the Severance Date.
Other Benefits . Employee will cease to be eligible to participate under any stock option, bonus, equity, incentive
compensation, medical, dental, life insurance, retirement, pension, and other compensation or bene