Common use of No Duplicate Benefits Clause in Contracts

No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Xx. Xxxxxxx has received or is entitled to receive a Cash-Based Award under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the “BPP”) for the Performance Period which includes Xx. Xxxxxxx’x Separation Date, then the amount of any such Cash-Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.

Appears in 3 contracts

Samples: Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co)

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No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Xx. Xxxxxxx Xxxxxxxxx has received or is entitled to receive a Cash-Based Award under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the “BPP”) for the Performance Period which includes Xx. Xxxxxxx’x Xxxxxxxxx’x Separation Date, then the amount of any such Cash-Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Xx. Xxxxxxx XxXxxxx has received or is entitled to receive a Cash-Based Award under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the “BPP”) for the Performance Period which includes Xx. Xxxxxxx’x XxXxxxx’x Separation Date, then the amount of any such Cash-Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

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No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Xx. Xxxxxxx Xxxxxx has received or is entitled to receive a Cash-Based Award under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the “BPP”) for the Performance Period which includes Xx. Xxxxxxx’x Xxxxxx’ Separation Date, then the amount of any such Cash-Cash- Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

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