Grant of Additional Units. (1) If the per share closing price of AEI Common Stock as quoted on January 2, 2004 in the NYSE Composite Transaction listing in The Wall Street Journal (the "2004 Closing Price") exceeds the Blended Price (the excess being the "Differential"), by at least $0.50, AESC shall grant to the Executive, on January 2, 2004, an additional number of Units equal to the quotient of $1.5 million divided by the 2004 Closing Price; and
Appears in 3 contracts
Samples: Employment Agreement (Allegheny Energy Supply Co LLC), Employment Agreement (Monongahela Power Co /Oh/), Employment Agreement (Allegheny Energy Inc)
Grant of Additional Units. (1) If the per share closing price of AEI Common Stock as quoted on January 2, 2004 in the NYSE Composite Transaction listing in The Wall Street Journal (the "2004 Closing Price") exceeds the Blended Price (the excess being the "Differential"), by at least $0.50, AESC shall grant to the Executive, on January 2, 2004, an additional number of Units equal to the quotient of $1.5 million 300,000 divided by the 2004 Closing Price; and
Appears in 3 contracts
Samples: Employment Agreement (Allegheny Energy Inc), Employment Agreement (Potomac Edison Co), Employment Agreement (Allegheny Energy Supply Co LLC)
Grant of Additional Units. (1) If the per share closing price of AEI Common Stock as quoted on January 2, 2004 in the NYSE Composite Transaction listing in The Wall Street Journal (the "2004 Closing Price") exceeds the Blended Price (the excess being the "Differential"), by at least $0.50, AESC shall grant to the Executive, on January 2, 2004, an additional number of Units equal to the quotient of $1.5 million 550,000 divided by the 2004 Closing Price; and
Appears in 3 contracts
Samples: Employment Agreement (Allegheny Energy Supply Co LLC), Employment Agreement (Allegheny Energy Inc), Employment Agreement (Monongahela Power Co /Oh/)
Grant of Additional Units. (1) If the per share closing price of AEI Common Stock as quoted on January 2, 2004 in the NYSE Composite Transaction listing in The Wall Street Journal (the "2004 Closing Price") exceeds the Blended Price (the excess being the "Differential"), by at least $0.50, AESC shall grant to the Executive, on January 2, 2004, an additional number of Units equal to the quotient of $1.5 million 50,000 divided by the 2004 Closing Price; and
Appears in 2 contracts
Samples: Employment Agreement (Allegheny Energy Inc), Employment Agreement (West Penn Power Co)
