Performance Award Amount. Except as provided below, distribution of Shares under this Performance Award, if any, will be made following the close of the Performance Period and on or before December 15, 2008. The Committee will determine the performance criteria that will apply to each fiscal year included in the Performance Period. The determination of whether, and to what extent, such criteria are satisfied, and the determination of the percentage, if any, of the Performance Award to be distributed to you, will be conclusively determined by the Committee. The actual Performance Award amount will be equal to the sum of each fiscal year amount where each fiscal year amount is calculated as follows:
Performance Award Amount. Except as provided below, your Performance Award, if any, will be paid in cash following the close of the Performance Period. The Committee will determine the performance criteria that will apply to each fiscal year included in the Performance Period. The amount of the Performance Award that will be paid to you shall depend on the satisfaction of performance criteria during each fiscal year included in the Performance Period. The actual Award amount will be equal to the sum of each fiscal year award amount where each fiscal year award amount is calculated as follows: A x T/N x C/M, where: A = Actual performance criteria percentage achieved for such fiscal year T = Target Award amount subject to this Performance Award N = Number of fiscal years in the Performance Period of this Performance Award C = The number of calendar months (with any partial month considered as a full month) in such fiscal year during which you were eligible for this Performance Award in accordance with section 3 below M = number of calendar months covered by the Award in such fiscal year The determination of whether, and to what extent, such criteria are satisfied, and the determination of the percentage, if any, of the Performance Award to be distributed to you, will be conclusively determined by the Committee.
Performance Award Amount. If you satisfy award conditions described herein, you will receive a payment of up to $200,000, less applicable deductions. The amount for which you qualify, under the terms and conditions described in this Agreement, will be paid to you in a single sum in March of 2021.
Performance Award Amount. Subject to the terms of this Agreement and the Plan, the Participant is hereby awarded a Performance Award in the form of a bonus equal to the amount of Three Million Two Hundred Eighty-Six Thousand and Sixty-Five Dollars ($3,286,065.00), payable in cash, shares of Common Stock (Nonvoting) or a combination thereof at the discretion of the Committee, according to the terms set forth herein, provided the Participant achieves the Performance Objective set forth below on or before April 15, 2004. Such Performance Award shall be reflected in a book account maintained by the Company during the Performance Period.
Performance Award Amount. If Employee remains actively employed in his position as of the Effective Date in support of the Project through the date the Project is placed in service (“Project Completion Date”), Employee shall become vested in the following amount provided the applicable Performance Conditions set forth in Section 2 below are met: Performance Award Amount Project Completion Date Up to $1,000,000 On or before October 31, 2015 Up to $900,000 On or before November 30, 2105 Up to $800,000 On or before December 31, 2015 Up to $700,000 On or before January 31, 2016 Up to $600,000 On or before February 29, 2016 Up to $500,000 On or before March 31, 2016 The Performance Awards under this Paragraph 1 shall be treated as awards of Cash-Based Awards under the Southern Company Omnibus Incentive Compensation Plan (the "Omnibus Plan") and therefore, governed by the terms of that plan.
