Stock Option Plan. (A) Any of ▇▇. ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ 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. (B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇'▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant. (C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇ under the Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 4 contracts
Sources: 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 ▇▇. ▇▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇▇ 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇▇'▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇▇ under the Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 3 contracts
Sources: 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 ▇▇. ▇▇▇▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇▇▇▇ 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇▇▇▇'▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇▇▇▇ under the Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 3 contracts
Sources: 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 ▇▇. ▇▇▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇▇▇ 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇▇▇'▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇▇▇ under the Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 2 contracts
Sources: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of ▇▇. Mr. Franklin's Options and Stock Apprec▇▇▇▇▇▇ ▇'▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Franklin is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Franklin under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of Mr. Franklin's Restricted Stock as of t▇▇. ▇ ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Franklin under the Performance Stoc▇ ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of ▇▇. Mr. Franklin's Options and Stock Apprec▇▇▇▇▇▇ ▇'▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Franklin is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Franklin under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇'▇ Franklin's Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Franklin under the Stock Performanc▇ ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of Mr. Evans's Options and Stock Appreciat▇▇. ▇ ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Evans is subject to Section 16(b) of the Exchange o▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to ▇▇. Mr. Evans under Section 16(b) of the Ex▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Evans' Restricted Stock as of the T▇▇▇▇▇▇'▇ Restricted Stock as of the Termination ▇▇▇n Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇ Mr. Evans under the Stock Performance Plan as of P▇▇▇ ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of Mr. Harris's Options and Stock Apprecia▇▇. ▇▇ ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Harris is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Harris under Section 16(b) of the E▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Harris' Restricted Stock as of the ▇▇▇▇▇▇'▇ Restricted Stock as of the Termination ▇▇▇▇n Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Harris under the Stock Performance ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of Mr. Holland's Options and Stock Appreci▇▇. ▇▇▇ ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇Mr. Holland is actually subject to Sect▇▇▇ is subject to Section 16(b▇▇(▇) of ▇f 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 Mr. Holland under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Holland's Restricted Stock as of th▇ ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Holland under the Stock Performance ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of ▇▇. Mr. DeNicola's Options and Stock Apprec▇▇▇▇▇▇ ▇'▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. DeNicola is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. DeNicola under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of Mr. DeNicola's Restricted Stock as of t▇▇. ▇ ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. DeNicola under the Stock Performanc▇ ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of Mr. Boren's Options and Stock Appreci▇▇. ▇▇▇ ▇▇▇▇▇▇'▇ Options and Stock Appreciation Rights s 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 ▇▇. ▇▇▇▇▇▇ Mr. Boren is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇xchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions action would result in liability to Mr. Boren under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Boren's Restricted Stock as of th▇ ▇▇▇▇▇▇'▇ Restricted Stock as of the Termination ▇▇▇on Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Boren under the Stock Performance ▇▇▇▇ under the Stock Performance Plan as ▇▇ of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of ▇▇. ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. ▇▇▇▇▇▇'▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇ under the Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of ▇▇. ▇▇▇▇▇▇'▇ Mr. Pershing's 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 ▇▇. ▇▇▇▇▇▇ Mr. Pershing 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 ▇▇. ▇▇▇▇▇▇ Mr. Pershing under Section 16(b) of ▇▇ the Exchange 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Pershing's ▇▇▇▇▇▇'▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇▇▇▇▇ Mr. Pershing under the Performance Stock Performance Plan as of the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Stock Option Plan. (A) Any of ▇▇. Mr. Franklin's Options and Stock Apprec▇▇▇▇▇▇ ▇'▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Franklin is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Franklin under Section 16(b) of the ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of Mr. Franklin's Restricted Stock as of t▇▇. ▇ ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Franklin under the Stock Performanc▇ ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Stock Option Plan. (A) Any of ▇▇. Mr. Wakefield's Options and Stock Appre▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Wakefield is subject to Section 16(b16(▇) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Wakefield under Section 16(b) of th▇ ▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of Mr. Wakefield's Restricted Stock as of ▇▇. ▇ ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by Mr. Wakefield under the Stock Performan▇▇. ▇▇▇ ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)
Stock Option Plan. (A) Any of Mr. Martin's Options and Stock Apprecia▇▇. ▇▇ ▇▇▇▇▇▇'▇ 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 ▇▇. ▇▇▇▇▇▇ Mr. Martin is subject to Section 16(b) of the Exchange ▇▇ ▇▇▇ ▇▇▇hange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Mr. Martin under Section 16(b) of the E▇▇. ▇▇▇▇▇▇ under Section 16(b) of the Exchange Act▇▇t, 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.
(B) The restrictions and deferral limitations applicable to any of ▇▇. Mr. Martin's Restricted Stock as of the ▇▇▇▇▇▇'▇▇▇▇▇ Restricted Stock as of the Termination Date shall lapse, and such Restricted Stock shall become free of all restrictions and limitations and become fully vested and transferable to the full extent of the original grant.
(C) The restrictions and deferral limitations and other conditions applicable to any other Awards held by ▇▇. ▇▇Mr. Martin under the Stock Performance ▇▇▇▇ under the Stock Performance Plan as of ▇▇ ▇▇ the Termination Date shall lapse, and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant.
Appears in 1 contract
Sources: Change in Control Agreement (Savannah Electric & Power Co)