Common use of PSP Clause in Contracts

PSP. PSP," when immediately preceded by "Southern," means the Southern Performance Sharing Plan, a defined contribution plan. When immediately preceded by "Southern Energy," "PSP" means the performance sharing plan, if any, to be established by Southern Energy pursuant to Sections 2.02 and 4.03 that corresponds to the Southern Performance Sharing Plan.

Appears in 2 contracts

Sources: Employee Matters Agreement (Southern Energy Inc), Employee Matters Agreement (Southern Energy Inc)