Common use of Stock Option Plan Clause in Contracts

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

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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Stock Option Plan. (A) Any of Xx. Xxxxxx'x Xxxxxxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Xxxxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx Xxxxxxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

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)

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Xxxxxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Xxxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx Xxxxxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 2 contracts

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

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Xxxxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Xxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx Xxxxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 2 contracts

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

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Mr. DeNicola's Options and Stock Appreciation Rights Apprecxxxxxx Xxxxxx under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Mr. DeNicola is subject to Section 16(b) of the Exchange xx xxx Xxxhange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx Mr. DeNicola under Section 16(b) of the Exchange ActXxxxxxxx Xxt, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 1 contract

Samples: Control Agreement (Savannah Electric & Power Co)

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Xxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Xxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx Xxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 1 contract

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

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Stock Option Plan. (A) Any of Xx. Xxxxxx'x Mr. Hill's Options and Stock Appreciation Xppreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Mr. Hill is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions action would result in liability to Xx. Xxxxxx Mr. Hill under Section 16(b) of the Exchange txx Xxxxxnge Act, provided further, that any such actions not taken as a result of the rules under of Section 16(b) of the Exchange Act shall be effected effective as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 1 contract

Samples: Change in Control Agreement (Mirant Corp)

Stock Option Plan. (A) Any of Xx. Xxxxxx'x XxXxxxx'x Options and Stock Appreciation Rights under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx XxXxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxx XxXxxxx under Section 16(b) of the Exchange Act, provided further, that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 1 contract

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

Stock Option Plan. (A) Any of Xx. Xxxxxx'x Mr. Boren's Options and Stock Appreciation Rights Apprecixxxxx Xxxxxs under the Performance Stock Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(i) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxx Mr. Boren is subject to Section 16(b) of the Exchange xx xxx Xxchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions action would result in liability to Xx. Xxxxxx Mr. Boren under Section 16(b) of the Exchange Xxxxxxxx Act, provided further, that any such actions action not taken as a result of the rules under of Section 16(b) of the Exchange Act shall be effected effective as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.

Appears in 1 contract

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

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