Item 5.02 — DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
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ITEM 9.01 — FINANCIAL
STATEMENTS AND EXHIBITS
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SIGNATURES
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EXHIBIT
INDEX
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Calpine Cp - Recent Material EventITEM
5.02 — DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
(e) On
July 16, 2008, the Board of Directors of Calpine Corporation (the
“Company”) approved an amendment to its employment agreement with
Gregory L. Doody, the Company’s Executive Vice President, General Counsel
and Secretary, extending the current term of his employment until
November 30, 2008. In accordance with the Company’s objective of reducing
the number of its employment agreements following its emergence from bankruptcy,
the Company simultaneously delivered to Mr. Doody a notice of its intent
not to renew his employment agreement beyond November 30, 2008, and
confirmed the Company’s intent that Mr. Doody continue thereafter in the
Company’s employ on an at-will basis as the Company’s Executive Vice President,
General Counsel and Secretary.
The
foregoing description is qualified in its entirety by reference to the full text
of Mr. Doody’s employment agreement and the above-described amendment,
filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated
herein by reference.
ITEM
9.01 — FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
CALPINE
CORPORATION
EXHIBIT
INDEX
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