Performance Dividend Plan. Provided Mr. Klappa is not entitled to benefits under th▇ ▇▇▇▇▇▇▇▇nce Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iv) by reference), if the Performance Dividend Plan is in place through Mr. Klappa's Termination Date and to the extent ▇▇. ▇▇▇▇▇▇ is entitled to participate therein, Mr. ▇▇▇▇▇▇ shall be entitled to receive cash fo▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by Mr. Klappa on his Termination Date, based on actual ▇▇▇▇▇rmance 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
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Performance Dividend Plan. Provided Mr. Klappa is not entitled to benefits under th▇▇▇ ▇▇▇▇▇▇▇▇nce mance Dividend Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iv2.(d)(iii) by reference), if the Performance Dividend Plan is in place through Mr. Klappa's Termination Date and to the extent exte▇▇ ▇▇. ▇▇▇▇▇▇ a is entitled to participate therein, Mr. ▇▇. ▇▇▇▇▇▇ pa shall be entitled to receive cash fo▇ for each ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ward held by Mr. Klappa on his Termination Date, based on actual ▇▇▇▇▇rmance ▇ ▇▇▇formance 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