Common use of Other Short Term Incentive Plans Clause in Contracts

Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary to the extent that he, as of the date of the Chanxx xx Xxxxxol, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary is not otherwise entitled to a plan payout under xxx xxxxxx in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCrary's Separation Date and to the extent Mr. McCrary ix xxxxxxxx xx participate therein, Mr. McCrary sxxxx xx xxxitled to receive cash in an amount eqxxx xx xxx xxxxx under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCrary's target performance level and prorated by the nuxxxx xx xxxxxx which have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

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Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary Mr.Fanning to the extent that he, as of the date of the Chanxx Chxxxx xx XxxxxolXxntrol, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary Fanning is not otherwise entitled to a plan payout under unxxx xxx xxxxxx xxxnge in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCraryFanning's Separation Date and to the extent Mr. McCrary ix Fanninx xx xxxxxxxx xx to participate therein, Mr. McCrary sxxxx Fanning xxxxx xx xxxitled xxxxxxed to receive cash in an amount eqxxx xx xxx xxxxx award under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCraryFanning's target performance level and prorated by the nuxxxx thx xxxxxx xx xxxxxx xxnths which have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Severance Agreement (Southern Co)

Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary Ratcliffe to the extent that he, as of the date of the Chanxx Change xx XxxxxolXxxxxxx, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary Ratcliffe is not otherwise entitled to a plan payout under xxx xxxxxx any change in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCraryRatcliffe's Separation Date and to the extent Mr. McCrary ix Ratcliffe xx xxxxxxxx xx to participate therein, Mr. McCrary sxxxx Ratclxxxx xxxxx xx xxxitled entitled to receive cash in an amount eqxxx xxxxx xx xxx xxxxx award under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCraryRatcliffe's target performance level and prorated by the nuxxxx numbxx xx xxxxxx which xxich have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Severance Agreement (Southern Co)

Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary Garrett to the extent that he, as of the date of the Chanxx Xxxxxx xx XxxxxolXontrol, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary Garrett is not otherwise entitled to a plan payout under undex xxx xxxxxx xxxxge in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCraryGarrett's Separation Date and to the extent Mr. McCrary ix Garretx xx xxxxxxxx xx to participate therein, Mr. McCrary sxxxx xx xxxitled Garrett shall be entitled to receive cash in an amount eqxxx xx equal tx xxx xxxxx xward under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCraryGarrett's target performance level and prorated by the nuxxxx xxx xxxxxx xx xxxxxx xxxxhs which have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Co)

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Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary Ratcliffe to the extent that he, as of the date of the Chanxx Chxxxx xx Xxxxxol, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary Ratcliffe is not otherwise entitled to a plan payout under undex xxx xxxxxx in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCraryRatcliffe's Separation Date and to the extent Mr. McCrary ix Ratclifxx xx xxxxxxxx xx to participate therein, Mr. McCrary sxxxx Ratclifxx xxxxx xx xxxitled xntitled to receive cash in an amount eqxxx equal xx xxx xxxxx award under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCraryRatcliffe's target performance level and prorated by the nuxxxx xxxxxx xx xxxxxx xxxxxs which have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

Other Short Term Incentive Plans. The provisions of this Section 2.2(h) shall apply to Mr. McCrary to the extent that he, as of the date of the Chanxx Change xx XxxxxolXxxxxxx, is a participant in any other "short term incentive compensation plan" not otherwise previously referred to in this Section 2.2. Provided Mr. McCrary is not otherwise entitled to a plan payout under xxx xxxxxx any change in control provisions of such plans, if the "short term incentive compensation plan" is in place through Mr. McCrary's Separation Date and to the extent Mr. McCrary ix xx xxxxxxxx xx xo participate therein, Mr. McCrary sxxxx xxxxx xx xxxitled xntitled to receive cash in an amount eqxxx xxxxx xx xxx xxxxx xxxrd under the Company's "short term incentive compensation plan" for the annual performance period in which the Separation Date shall have occurred, at Mr. McCrary's target performance level and prorated by the nuxxxx thx xxxxxx xx xxxxxx which have passed since the beginning of the annual performance period until the Separation Date. For purposes of this Section 2.2(h), 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 to participants based upon articulated performance criteria, and which have been identified by the Compensation Committee and listed on Exhibit B hereto, which may be amended from time to time to reflect plan additions, terminations and amendments.

Appears in 1 contract

Samples: Severance Agreement (Southern Co)

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