Common use of Other Short Term Incentive Plans Clause in Contracts

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx is a participant in any other "short term compensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx is not otherwise entitled to a plan payout under any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx is entitled to participate therein, Xx. Xxxxxx shall receive cash in an amount equal to his award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x target performance level and prorated by the number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 4 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

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Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Franklin is a participant in any other "short term compensation xxxxxnsation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Franklin is not otherwise entitled to a plan payout under xxxxxx xxxxr any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Franklin is entitled to participate therein, Xx. Xxxxxx Mr. Franklin shall receive cash in an amount equal to his award equxx xx xxx xxard under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Franklin's target performance level and prorated by the number prorxxxx xx xxx xxmber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 2 contracts

Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx Mr. Klappa is a participant in any other "short term compensation xxmpensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Klappa is not otherwise entitled to a plan payout under plax xxxxxx xnder any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Klappa is entitled to participate therein, Xx. Xxxxxx Mr. Klappa shall receive cash in an amount equal to his eqxxx xx xxx award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Klappa's target performance level and prorated by the proxxxxx xx xxx number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx Mr. Miller is a participant in any other xxx xxxxx "short term compensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Miller is not otherwise entitled to a plan payout under any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Miller is entitled to participate thereinparticxxxxx xxxxein, Xx. Xxxxxx shall receive Mr. Miller shalx xxxxxxx cash in an amount equal to his award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Miller's target performance level and xxxxx xxx prorated by the number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Mirant Corp)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Holland is a participant in any other "short term compensation xxxxxnsation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Holland is not otherwise entitled to a plan payout under xxxxxx xxxxr any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Holland is entitled to participate therein, Xx. Xxxxxx Mr. Holland shall receive cash in an amount equal to his award equax xx xxx xxard under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Holland's target performance level and prorated by the number proraxxx xx xxx xxmber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Klappa is a participant in any other "short term compensation xxxxensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Klappa is not otherwise entitled to a plan payout under xxxxxx xxxer any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Klappa is entitled to participate therein, Xx. Xxxxxx Mr. Klappa shall receive cash in an amount equal to his award equax xx xxx xward under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Klappa's target performance level and prorated by the number proraxxx xx xxx xumber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Garrett is a participant in any other "short term compensation xxmpensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Garrett is not otherwise entitled to a plan payout under plxx xxxxxx xnder any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Garrett is entitled to participate therein, Xx. Xxxxxx Mr. Garrett shall receive cash in an amount equal to his exxxx xx xxx award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Garrett's target performance level and prorated by the prxxxxxx xx xxx number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Harris is a participant in any other "short term compensation xxxxxnsation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Harris is not otherwise entitled to a plan payout under pxxxxx xxxxr any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Harris is entitled to participate therein, Xx. Xxxxxx Mr. Harris shall receive cash in an amount equal to his award xx xxx xxard under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Harris's target performance level and prorated by the number proratxx xx xxx xxmber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Bowers is a participant in any other "short term compensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Bowers is not otherwise entitled to a plan payout pxxx xxxxxx under any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Bowers is entitled to participate therein, Xx. Xxxxxx Mr. Bowers shall receive cash in an amount equal to his xxxxx xx xis award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Bowers' target performance level and prorated by xx the number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Garrett is a participant in any other "short term compensation xxxxxxsation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Garrett is not otherwise entitled to a plan payout under pxxxxx xxxxx any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Garrett is entitled to participate therein, Xx. Xxxxxx Mr. Garrett shall receive cash in an amount equal to his award xx xxx xxxrd under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Garrett's target performance level and prorated by the number proratxx xx xxx xxxber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

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Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx Mr. Boren is a participant in any other "short term compensation xxxpensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Boren is not otherwise entitled to a plan payout under xxxxxx xxder any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Boren is entitled to participate therein, Xx. Xxxxxx Mr. Boren shall receive cash in an amount equal to his equax xx xxx award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Boren's target performance level and prorated by the xx xxx number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Holland is a participant in any other "short term compensation xxxxensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Holland is not otherwise entitled to a plan payout under xxxxxx xxxer any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Holland is entitled to participate therein, Xx. Xxxxxx Mr. Holland shall receive cash in an amount equal to his award equxx xx xxx xward under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Holland's target performance level and prorated by the number prorxxxx xx xxx xumber of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Bowers is a participant in any other "short term compensation xxxpensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Bowers is not otherwise entitled to a plan payout under xxxxxx xxder any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Bowers is entitled to participate therein, Xx. Xxxxxx Mr. Bowers shall receive cash in an amount equal to his equxx xx xxx award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Bowers' target performance level and prorated by the xx xxx number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx Xxxxx is a participant in any other "short term compensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Xxxxx is not otherwise entitled to a plan payout under any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Xxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxx shall receive cash in an amount equal to his award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Xxxxx'x target performance level and prorated by the number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Savannah Electric & Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv2.(d)(v) shall apply if and to the extent that Xx. Xxxxxx Mr. Fanning is a participant in any other "short term compensation xxxpensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Fanning is not otherwise entitled to a plan payout under plax xxxxxx xxder any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Fanning is entitled to participate therein, Xx. Xxxxxx Mr. Fanning shall receive cash in an amount equal to his eqxxx xx xxx award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Fanning's target performance level and prorated by the proxxxxx xx xxx number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv2.(d)(v) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Gulf Power Co)

Other Short Term Incentive Plans. The provisions of this Paragraph 2.(d)(iv) shall apply if and to the extent that Xx. Xxxxxx Mr. Hill is a participant in any other anx xxxxx "short term compensation plan" not otherwise previously referred to in this Paragraph 2.(d). Provided Xx. Xxxxxx Mr. Hill is not otherwise entitled xxxxxxxx to a plan payout under any change of control provisions of such plans, if the "short term compensation plan" is in place as of the Termination Date and to the extent Xx. Xxxxxx Mr. Hill is entitled to participate thereinparticipaxx xxxxein, Xx. Xxxxxx Mr. Hill shall receive cash in an xx xx amount equal to his award under the Company's "short term incentive plan" for the annual performance period in which the Termination Date shall have occurred, at Xx. Xxxxxx'x Mr. Hill's target performance level and prorated levex xxx xxxxated by the number of months which have passed since the beginning of the annual performance period until his Termination Date. For purposes of this Paragraph 2.(d)(iv) the term "short term incentive compensation plan" shall mean any incentive compensation plan or arrangement adopted in writing by the Company which provides for annual, recurring compensatory bonuses based upon articulated performance criteria.

Appears in 1 contract

Samples: Change in Control Agreement (Mirant Corp)

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