Common use of Performance Dividend Plan Clause in Contracts

Performance Dividend Plan. Provided Xx. Xxxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Termination Date and to the extent Xx. Xxxxxx is entitled to participate therein, Xx. Xxxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

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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Performance Dividend Plan. Provided Xx. Xxxxxx Xxxxxxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Xxxxxxxxx'x Termination Date and to the extent Xx. Xxxxxx Xxxxxxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxxxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx Xxxxxxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 3 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)

Performance Dividend Plan. Provided Xx. Xxxxxx Xxxxxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii2.(d)(iv) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Xxxxxxxx'x Termination Date and to the extent Xx. Xxxxxx Xxxxxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx Xxxxxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 2 contracts

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

Performance Dividend Plan. Provided Xx. Xxxxxx Xxxxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Xxxxxxx'x Termination Date and to the extent Xx. Xxxxxx Xxxxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx Xxxxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 2 contracts

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

Performance Dividend Plan. Provided Xx. Xxxxxx Xxxxxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Xxxxxxxx'x Termination Date and to the extent Xx. Xxxxxx Xxxxxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx Xxxxxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 1 contract

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

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Performance Dividend Plan. Provided Xx. Xxxxxx Xxxxx is not entitled to benefits under the Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Xxxxx'x Termination Date and to the extent Xx. Xxxxxx Xxxxx is entitled to participate therein, Xx. Xxxxxx Xxxxx shall be entitled to receive cash for each Award held by Xx. Xxxxxx Xxxxx on his Termination Date, based on actual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 1 contract

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

Performance Dividend Plan. Provided Xx. Xxxxxx Mr. Boren is not entitled to benefits under the xxe Performance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii2.(d)(ii) by reference), if the Performance Dividend Plan is in place through Xx. Xxxxxx'x Mr. Boren's Termination Date and to the extent Xxxxxxxx Xr. Xxxxxx Boren is entitled to participate therein, Xx. Xxxxxx Mr. Boren shall be entitled to receive cash for each Award held by Xx. Xxxxxx Mr. Boren on his Termination Date, based on actual baxxx xx xxtual performance under Section 4.1 of the Performance Dividend Plan determined as of the most recently completed calendar quarter of the Performance Period in which the Termination Date shall have occurred, and the Annual Dividend declared prior to the Termination Date.

Appears in 1 contract

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

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