| Preview
Full Doc  | 2004 |
Restricted Stock Unit Award Agreement
Restricted Stock Unit Award Agreement (11K)
Doc #241084: Click preview link for longer preview.
PUGET ENERGY, INC.
RESTRICTED STOCK UNIT AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been granted an award (the �Award�) of restricted stock units (the �Restricted Stock Units�) by Puget Energy, Inc., a Washington corporation (the �Company�).
The terms of the Award are as set forth in this Restricted Stock Unit Award Agreement (this �Agreement�). The Award is granted outside the Company�s Amended and Restated 1995 Long-Term Incentive . . .
241084
|
Puget Energy
As referenced in this Restricted Stock Unit Award Agreement:
PUGET ENERGY, INC. –
EXHIBIT 10.91
EX-10 8 exhibit1091.htm RESTRICTED STOCK UNIT AWARD
Exhibit 10.91
PUGET ENERGY, INC.
RESTRICTED STOCK UNIT AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been granted an award (the Award) of restricted stock units (the
_____________
Puget Energy, Inc. – AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been granted an award (the Award) of restricted stock units (the Restricted Stock Units) by Puget Energy, Inc. , a Washington corporation (the Company).
The terms of the Award are as set forth in this Restricted Stock Unit Award Agreement (this Agreement). The Award is granted outside the
_____________
PUGET ENERGY, INC. – Agreement will be governed by and construed in accordance with the laws of the State of Washington.
IN WITNESS WHEREOF, the parties have executed this Agreement dated January 8, 2004.
PUGET ENERGY, INC.
By:
/s/ Michelle Clements
Title:
Vice President, Human Resources & Labor Relations
STEPHEN P. REYNOLDS
/s/ Stephen P. Reynolds
Printed Name:
/s/ Stephen P. Reynolds
_____________
dt 1334754
;
|
Puget Energy
As referenced in this Restricted Stock Unit Award Agreement:
PUGET ENERGY, INC. –
EXHIBIT 10.91
EX-10 8 exhibit1091.htm RESTRICTED STOCK UNIT AWARD
Exhibit 10.91
PUGET ENERGY, INC.
RESTRICTED STOCK UNIT AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been granted an award (the Award) of restricted stock units (the
_____________
Puget Energy, Inc. – AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been granted an award (the Award) of restricted stock units (the Restricted Stock Units) by Puget Energy, Inc. , a Washington corporation (the Company).
The terms of the Award are as set forth in this Restricted Stock Unit Award Agreement (this Agreement). The Award is granted outside the
_____________
PUGET ENERGY, INC. – Agreement will be governed by and construed in accordance with the laws of the State of Washington.
IN WITNESS WHEREOF, the parties have executed this Agreement dated January 8, 2004.
PUGET ENERGY, INC.
By:
/s/ Michelle Clements
Title:
Vice President, Human Resources & Labor Relations
STEPHEN P. REYNOLDS
/s/ Stephen P. Reynolds
Printed Name:
/s/ Stephen P. Reynolds
_____________
dt 1312774
|
| Preview
Full Doc | 2004 |
Restricted Stock Award Agreement
Restricted Stock Award Agreement (17K)
Doc #241135: Click preview link for longer preview.
PUGET ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been awarded by Puget Energy, Inc., a Washington corporation (the �Company�), a restricted stock award (the �Restricted Stock Award�).
The terms of the Restricted Stock Award are as set forth in this Restricted Stock Award Agreement (this �Agreement�). The Restricted Stock Award is granted under the Company�s Amended and Restated 1995 Long-Term Incentive . . .
241135
|
Puget Energy
As referenced in this Restricted Stock Award Agreement:
PUGET ENERGY, INC. –
Exhibit 10.90
EX-10 7 exhibit1090.htm RESTRICTED STOCK AWARD
Exhibit 10.90
PUGET ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been awarded by Puget Energy, Inc., a Washington corporation (the Company), a
_____________
Puget Energy, Inc. – htm RESTRICTED STOCK AWARD
Exhibit 10.90
PUGET ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been awarded by Puget Energy, Inc. , a Washington corporation (the Company), a restricted stock award (the Restricted Stock Award).
The terms of the Restricted Stock Award are as set forth in this Restricted Stock Award
_____________
PUGET ENERGY, INC. – Agreement will be governed by and construed in accordance with the laws of the State of Washington.
IN WITNESS WHEREOF, the parties have executed this Agreement dated January 8, 2004.
PUGET ENERGY, INC.
By:
/s/ Michelle Clements
Title:
Vice President, Human Resources & Labor Relations
STEPHEN P. REYNOLDS
/s/ Stephen P. Reynolds
Printed Name:
Stephen P. Reynolds
_____________
dt 1334755
;
|
Puget Energy
As referenced in this Restricted Stock Award Agreement:
PUGET ENERGY, INC. –
Exhibit 10.90
EX-10 7 exhibit1090.htm RESTRICTED STOCK AWARD
Exhibit 10.90
PUGET ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been awarded by Puget Energy, Inc., a Washington corporation (the Company), a
_____________
Puget Energy, Inc. – htm RESTRICTED STOCK AWARD
Exhibit 10.90
PUGET ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
TO: Stephen P. Reynolds
We are pleased to inform you that you have been awarded by Puget Energy, Inc. , a Washington corporation (the Company), a restricted stock award (the Restricted Stock Award).
The terms of the Restricted Stock Award are as set forth in this Restricted Stock Award
_____________
PUGET ENERGY, INC. – Agreement will be governed by and construed in accordance with the laws of the State of Washington.
IN WITNESS WHEREOF, the parties have executed this Agreement dated January 8, 2004.
PUGET ENERGY, INC.
By:
/s/ Michelle Clements
Title:
Vice President, Human Resources & Labor Relations
STEPHEN P. REYNOLDS
/s/ Stephen P. Reynolds
Printed Name:
Stephen P. Reynolds
_____________
dt 1312775
|
| Preview
Full Doc | 2004 |
Deferred Compensation Agreement
Deferred Compensation Agreement (11K)
Doc #263322: Click preview link for longer preview.
AMENDMENT TO
1985 DEFERRED COMPENSATION PLAN AGREEMENT FOR EXECUTIVES
AND
DEFERRED COMPENSATION PLAN DEFERRED COMPENSATION AGREEMENT
WHEREAS, John E. Bryson (the "Participant") and Southern California Edison Company, a California
corporation (the "Company") have entered into that certain 1985 Deferred Compensation Plan Agreement for
Executives (the "1985 Agreement"), dated September 27, 1985, and that certain Deferred Compensation Plan Deferred
Compensation Agreement, dated November 28, 1984 (the "1981A Agreement") (collectively, the "Agreements");
NOW THEREFORE, Participant and Company agree that (1), effective December 31, 2003, the Agreements are
hereby amended as set forth below and (2) that the amendments set forth below only apply to the Agreements
between Participant and the Company and shall have no application whatsoever to any other agreements that may
have been entered into with executives under the 1985 Deferred Compensation Plan Agreement for Executives and the
Deferred Compensation Plan Deferred Compensation Agreement.
1. The third sentence of the second paragraph of Section 4 of the 1985 Agreement is hereby amended
in its entirety to read as follows:
"Notwithstanding the preceding sentence, commencing January 1, 2004, the interest to be credited under
the agreement shall be credited at that same rate and manner as interest applicable to accounts under the Edison
International Executive Deferred Compensation Plan (as amended) (the "EDCP") or any successor plan, as such rate
exists from time to time; provided that if the EDCP and any successor plan ceases to exist, then interest shall
be credited at the last rate in effect under any successor plan, or, if there is no successor plan, the last rate
in effect under the EDCP."
2. The first sentence of the second paragraph of Section 5 of the 1985 Agreement is hereby amended
to read as follows:
"Except as provided in this Section 5, payments of amounts deferred and interest credited thereon shall
begin on the first day of the month after the Participant attains age 72, except payment may begin earlier at the
election of the Participant at least thirteen months prior thereto, on the first day of any month after the first
to occur of (1) the date the Participant's employment as an employee of the Company and all related companies
terminates or (2) the date the Participant is determined to be permanently and totally disabled."
3. The second sentence of the third paragraph of Section 5 of the 1985 Agreement is hereby amended
to read as follows:
"Elections as to commencement, duration and frequency of the payments may be changed at any time up to
thirteen months prior to the commencement of payments by submitting a revised written election form to the
Company."
Page 1
4. The sixth paragraph and the eighth paragraph of Section 5 of the 1985 Agreement are hereby
deleted in their entirety.
5. Section 7 of the 1985 Agreement is hereby amended in its entirety to read as follows:
"Change of Election; Unscheduled Withdrawals.
Upon written application at least thirteen months before benefit payments begin, the Participant or the
designated beneficiary may change the elected payout term, selecting either 10 or 15 years.
In addition, a Participant (or beneficiary if the Participant is deceased) may request in writing to the
Board an unscheduled withdrawal of all or a portion of the 1985 Plan Account which will be paid within 30 days in
a single lump sum; provided however, that (1) the minimum withdrawal will be 25% of the 1985 Plan Account
balance, (2) an election to withdraw 75% or more of the 1985 Plan Account balance will be deemed to be an election
to withdraw the entire balance, and (3) such an election may be made only once in a calendar year. There will be
a penalty deducted from the 1985 Plan Account prior to an unscheduled withdrawal equal to 10% of the unscheduled
withdrawal; provided, however, that the 10% penalty shall be reduced to 5% if the Participant's request for an
unscheduled withdrawal is made within two years after a Change of Control (as such term is defined in the EDCP).
Notwithstanding anything contained in this paragraph to the contrary, an unscheduled withdrawal shall not be
permitted to the extent that the Company's or any related company's ability to deduct the payment would be
limited by Section 162(m) of the Code."
5. Section 10 of the 1985 Agreement is hereby amended in its entirety to read as follows:
"Interpretation and Administration of Plan and Agreement.
The Board shall have full power and authority to interpret, construe, administer, and amend the Plan and
this Agreement; provided, however, that no such amendment shall cancel or adversely affect, in any way, without
the Participant's prior written consent, the interest rate set forth in Section 4, the Participant's elected form
of distribution of benefits, or any other of the Participant's rights and benefits hereunder. The Board's
interpretations and actions, including any valuation of the Participant's 1985 Plan Account, or the amount or
recipient of the payment to be made, shall be binding and conclusive on all person for all purposes. Neither any
member of the Board, nor its designee, shall be liable to any person for any action taken or omitted in
connection with the interpretation and administration of the Plan and this Agreement."
6. Section 14 of the 1985 Agreement and all references thereto are hereby deleted.
7. The second paragraph of Section 4 of the 1981A Agreement is hereby amended in its entirety to
read as follows:
"For periods prior to January 1, 2004, the interest to be credited to the account balances under this
Agreement shall be credited at that rate of interest reflected on the Participant's
Page 2
periodic account statements. Commencing January 1, 2004, the interest to be credited to the account
balances under this Agreement shall be credited at the same rate and manner as interest applicable to accounts
under the Edison International Executive Deferred Compensation Plan (as amended) (the "EDCP") or any successor
plan, as such rate exists from time to time; provided that if the EDCP and any successor plan ceases to exist,
then interest shall be credited at the last rate in effect under any successor plan, or, if there is no successor
plan, the last rate in effect under the EDCP."
8. The second paragraph of Section 7 of the 1981A Agreement is hereby amended in its entirety to
read as follows:
"Payments of amounts deferred and interest credited thereon shall begin on the first day of the month
after the Participant attains age 72, except payment may begin earlier at the election of the Participant at
least thirteen months prior thereto, on the first day of any month after the first to occur of (1) the date the
Participant's employment as an employee of the Company and all related companies terminates or (2) the date the
Participant is determined to be permanently and totally disabled. The full value of his or her account as of the
payment commencement date shall be paid in the manner elected by the Participant in (i) a single lump-sum
payment, or (ii) in monthly installments (of principal, plus interest) over a period of 60 months, 120 months or
180 months. Elections as to commencement, duration and frequency of the payments may be changed at any time up
to thirteen months prior to the commencement of payments by submitting a revised written election form to the
Company."
9. The third paragraph of Section 7 of the 1981A Agreement is hereby deleted in its entirety.
10. The second sentence of the fourth paragraph of Section 7 of the 1981A Agreement and the first
sentence of the sixth paragraph of Section 7 of the 1981A Plan are hereby amended by inserting the words "and
all related companies" after the word "Company."
11. The second sentence of the fourth paragraph of Section 7 of the 1981A Agreement is hereby
amended in its entirety to read as follows:
"Payments under this Agreement on account of termination or disability shall be paid in full if the
lump-sum option is chosen, or shall begin to be paid in monthly installments, if a monthly payment option is
chosen, within 30 days of the date on which the Participant's employment terminates or is determined to be
disabled, or as soon thereafter as practicable."
12. Section 10 of the 1981A Agreement is hereby amended by inserting the following paragraph after
the first paragraph:
In addition, the Participant (or his or her designated beneficiary or beneficiaries) may request in
writing to the Board an unscheduled withdrawal of all or a portion of his or her account which will be paid
within 30 days in a single lump sum; provided however, that (i) the minimum withdrawal will be 25% of the account
balance, (ii) an election to withdraw 75% or more of the account balance will be deemed to be an election to
withdraw the entire balance, and (iii) such an election may be made only once in a calendar year. There will be a
penalty deducted from the account prior to an unscheduled withdrawal equal to 10% of the unscheduled
263322
|
SCE
As referenced in this Deferred Compensation Agreement:
Southern California Edison Co – AMENDMENT TO
1985 DEFERRED COMPENSATION PLAN AGREEMENT FOR EXECUTIVES
AND
DEFERRED COMPENSATION PLAN DEFERRED COMPENSATION AGREEMENT
WHEREAS, John E. Bryson (the "Participant") and Southern California Edison Co mpany, a California
corporation (the "Company") have entered into that certain 1985 Deferred Compensation Plan Agreement for
Executives (the "1985 Agreement"), dated September
_____________
SOUTHERN CALIFORNIA EDISON
CO – administration of this Agreement."
IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year set forth above.
PARTICIPANT: SOUTHERN CALIFORNIA EDISON
CO MPANY
/S/ John E. Bryson By: /S/ Alan J. Fohrer
------------------------------------ -------------------------------------------
John E. Bryson Alan J. Fohrer
Its: Chief Executive Officer
_____________
dt 170016
| |
| Preview
Full Doc | 2002 |
Long-Term Incentives Terms and Conditions [2002]
Long-Term Incentives Terms and Conditions [2002] (23K)
Doc #263373: Click preview link for longer preview.
EDISON INTERNATIONAL
2002 Long-Term Incentives
Terms and Conditions
Long-term incentives (LTI) for the year 2002 for eligible persons (Holders) at Edison International (EIX) or its
participating affiliates (the Companies, or individually, the Company) include EIX nonqualified stock options to
purchase EIX common stock (EIX Options) to be awarded under the Equity Compensation Plan (ECP) or the 2000 Equity
Plan (collectively, the Plans) and contingent EIX Performance Shares, 50% of which will be payable as Stock
Grants under the ECP and 50% of which will be payable in cash outside of the Plans. The LTI are subject to the
following terms and conditions:
1. PRICE
The exercise price of an EIX Option stated in the award certificate is the average of the high and low sales
prices of EIX Common Stock on the New York Stock Exchange for the date of the award.
2. VESTING
(a) Subject to the provisions of Section 3, EIX Options may only be exercised or paid to the extent vested. The
EIX Options vest over a four-year period as described in this Section 2 (Option Vesting Period). The initial
vesting date will be May 30th of the year following the date of the grant, or six months after the date of the
grant, whichever date is later. The EIX Options will vest as follows:
o On the initial vesting date, one-fourth of the EIX Options will vest.
o On May 30th of the following year, an additional one-fourth of the EIX Options will vest.
o On May 30th of the following year, an additional one-fourth of the EIX Options will vest
o On May 30th of the fourth year following the date of grant, the balance of the EIX Options will vest.
(b) The vested portions of the EIX Options will accumulate to the extent not exercised, and be exercisable by the
Holder subject to the provisions of Section 3, in whole or in part, in any subsequent period but not later than
the May 30th of the 10th calendar year following the date of the award.
(c) The Performance Shares will vest and become payable to the extent earned at the end of the Performance Period
(defined in Section 4).
(d) If, during the Option Vesting Period or the Performance Period, the Holder (i) terminates employment on or
after (A) attaining age 65 or (B) attaining age 55 with five "years of service," as defined in the Southern
California Edison Company Retirement Plan, or (C) such earlier date that qualifies the Holder for retirement
under any Company retirement plan, (ii) terminates employment while on leave with a permanent and total
disability, or (iii) dies while employed by the Company, then the vesting and exercise provisions of this Section
2(d) will apply. The EIX Options will vest to the extent necessary to cause the aggregate number of shares
subject to vested EIX Options (including any shares acquired pursuant to previously exercised EIX Options) to
equal the product of 1/48th of the number of shares granted multiplied by the number of full months of service
the Holder has completed during the Option Vesting Period. The Performance Shares will vest to the extent
necessary to cause the number of vested Performance Shares to equal the product of 1/36th of the number of
Performance Shares granted multiplied by the number of full months of service the Holder has completed during the
Performance Period. Performance Shares will be payable to the Holder on such pro rata basis on the payment date
to the extent of the EIX total shareholder return (TSR) ranking achieved as specified in Section 4.
Notwithstanding the foregoing, the LTI of a Holder who served as a member of the Southern California Edison
Company Management Committee (which was dissolved in 1993) will fully vest upon his or her retirement or death,
or upon employment termination while on leave of absence with a permanent and total disability.
(e) Upon involuntary termination of employment not for cause during the Option Vesting Period or Performance
Period (unless the termination takes place as part of a sale or spin-off of the Holder's company and there is no
executed agreement with the Holder specifying that this Section 2(e) shall apply) the provisions of this Section
2(e) shall apply. The EIX Options will be vested on a pro-rata basis as
1
described in Section 2(d), except that an additional year of vesting credit will apply, and the Holder will have
one year following the date of termination in which to exercise the EIX Option, or until the end of the option
term, whichever occurs earlier. The Performance Shares will be vested pro rata for the portion of the
Performance Period through the date of termination plus one year. Performance Shares will be payable to the
Holder on such pro rata basis on the payment date specified in Section 4(c) to the extent of the EIX total
shareholder return ranking achieved as specified in Section 4.
(f) Upon termination of employment during the EIX Option term for any reason other than those specified in
Section 2(d) or 2(e), only those EIX Options that have vested as of the prior vesting date may be exercised, and
they will be forfeited unless they are exercised within 180 days following the date of termination or by the end
of the applicable EIX Option term, if that date is earlier. If such termination occurs during the Performance
Period, all Performance Shares will be forfeited.
(g) Notwithstanding the foregoing, in the event of a "Change in Control of EIX" as defined in Appendix A hereto,
outstanding EIX Options will vest. The EIX Options will remain exercisable for a period of 2 years if EIX Common
Stock remains outstanding after the Change in Control of EIX. If EIX Common Stock does not remain outstanding
after the Change in Control of EIX, and the EIX Options are not replaced by new owners, cash payout for
unexercised EIX Options will occur. Upon a Change in Control of EIX, all outstanding Performance Shares will
vest and be paid in cash. The amount of the Performance Share payment will equal the greater of (i) the value of
the target number of shares under the award, or (ii) the value of the number of shares that would be paid
assuming the Performance Period ended on the date of the Change in Control of EIX and based on actual performance
through that date.
3. EIX OPTION EXERCISE
(a) The Holder may exercise an EIX Option by providing written notice to EIX on the form prescribed by EIX for
this purpose accompanied by full payment of the applicable exercise price. Payment must be in cash, or its
equivalent acceptable to EIX, including EIX Common Stock valued on the exercise date at a per share price equal
to the average of the high and low sales prices of EIX Common Stock on the New York Stock Exchange. A
broker-assisted "cashless" exercise may be accommodated for EIX Options at the discretion of EIX. Until payment
is accepted, the Holder will have no rights in the optioned stock. EIX Options may be exercised at any time
after they have vested through May 30th of the 10th calendar year following the date of the award except as
otherwise provided in Sections 2(d), 2(e), 2(f), 2(g) and 8.
(b) The Holder agrees that any securities acquired by him or her hereunder are being acquired for his or her own
account for investment and not with a view to or for sale in connection with any distribution thereof and that he
or she understands that such securities may not be sold, transferred, pledged, hypothecated, alienated, or
otherwise assigned or disposed of without either registration under the Securities Act of 1933 or compliance with
the exemption provided by Rule 144 or another applicable exemption under such act.
(c) The Holder will have no right or claim to any specific funds, property or assets of EIX as a result of the
award.
4. PERFORMANCE SHARES
(a) Performance Shares are EIX stock-based units subject to a performance measure based on the percentile ranking
of EIX total shareholder return (TSR) compared to the TSR for each stock comprising the Philadelphia Utility
Index, deleting AES Corporation and adding Sempra Energy, over all the three-calendar-year period commencing on
January 1st of the year the Performance Shares are granted ("Performance Period"). TSR is calculated using a
20-day trading average on the measurement date. A target number of contingent Performance Shares will be
awarded. The actual amount of Performance Shares to be paid will depend on the EIX TSR percentile ranking on the
measurement date. The target number of Performance Shares will be paid if the EIX TSR rank is at the 50th
percentile. Payment may range from nothing if the EIX TSR is below the 40th percentile to three times the target
number of Performance Shares if the EIX TSR percentile ranking is at the 90th percentile or higher. The payment
multiples for the various EIX TSR rankings are as follows:
2
-------------------------------------------------------------
Performance Share Payment
-------------------------------------------------------------
EIX TSR Rank Payment Multiple(1)
------------------------------- -----------------------------
Above 90th Percentile 3 times
------------------------------- -----------------------------
75th to 89th Percentile Between 2 and 3 times
------------------------------- -----------------------------
50th to 74th Percentile Between 1 and 2 times
------------------------------- -----------------------------
40th to 49th Percentile Between 0.25 and 1 times
------------------------------- -----------------------------
Below 40th Percentile 0 times
------------------------------- -----------------------------
(1) The multiple is interpolated for performance between
263373
|
Sempra Energy
As referenced in this Long-Term Incentives Terms and Conditions [2002]:
Sempra Energy, – performance measure based on the percentile ranking
of EIX total shareholder return (TSR) compared to the TSR for each stock comprising the Philadelphia Utility
Index, deleting AES Corporation and adding Sempra Energy, over all the three-calendar-year period commencing on
January 1st of the year the Performance Shares are granted ("Performance Period"). TSR is calculated using a
20-day trading
_____________
dt 1501431
;
SCE
As referenced in this Long-Term Incentives Terms and Conditions [2002]:
Southern
California Edison Co – terminates employment on or
after (A) attaining age 65 or (B) attaining age 55 with five "years of service," as defined in the Southern
California Edison Co mpany Retirement Plan, or (C) such earlier date that qualifies the Holder for retirement
under any Company retirement plan, (ii) terminates employment while
_____________
Southern California Edison
Co – TSR) ranking achieved as specified in Section 4.
Notwithstanding the foregoing, the LTI of a Holder who served as a member of the Southern California Edison
Co mpany Management Committee (which was dissolved in 1993) will fully vest upon his or her retirement or death,
or upon employment termination while
_____________
Southern California Edison Co – award otherwise payable in EIX stock.
(b) Notwithstanding the foregoing, EIX Options of the CEOs of EIX, Edison Mission Energy, Edison Capital, and
Southern California Edison Co mpany, and the EVPs of EIX are transferable to a spouse, children or grandchildren,
or trusts or other vehicles established exclusively for their
_____________
dt 170038
;
| Edison International
|
| Preview
Full Doc | 2002 |
Retirement Agreement
Retirement Agreement (19K)
Doc #263377: Click preview link for longer preview.
This Retirement Agreement ("Agreement"), is entered into by and between Stephen E. Frank ("SEF") an
individual, and Southern California Edison Company ("SCE"), a corporation.
In consideration of the covenants undertaken and the releases contained in this Agreement and of SEF's
valued service to SCE, SEF on the one hand, and SCE on the other hand, agree as follows:
1. SEF will irrevocably resign as an officer of SCE effective January 1, 2002, by executing a
letter substantially in the form attached hereto as Exhibit A and incorporated herein by reference. SEF will
retire as an employee of SCE on March 14, 2002 ("Retirement Date"). SEF will continue as an employee of SCE
until the Retirement Date at no less than his current salary and shall remain eligible for all executive benefit
plans at the officer level he was entitled to prior to his resignation. Upon retirement, he will receive such
benefits he would have received had his resignation as an officer of SCE occurred on that date.
2. SEF's bonus percentage for 2001 (to be applied to his final salary used for this purpose) will
be equal to the higher of (a) 70 percent, or (b) 70 percent multiplied by the average bonus percentage (relative
to the target percentage) paid to other SCE officers for 2001 at a level of Senior Vice President or above (i.e.,
if the average bonus percentage paid to other SCE Senior Vice Presidents and above is 120 percent of their
respective target percentages, SEF's bonus percentage would be 120 percent multiplied by 70 percent = 84
percent). The bonus will be paid to SEF on the same date as other executives of SCE are paid. SEF will not be
eligible for a bonus for 2002.
3. SCE will pay SEF's COBRA premiums after the Retirement Date until he attains age 65. Payments
under this Paragraph 3 are conditioned upon SEF providing annual certifications that he is not eligible to
participate in another employee medical plan. SCE will pay to SEF or his beneficiary $100,000 on the Retirement
263377
|
SCE
As referenced in this Retirement Agreement:
Southern California Edison Co – RETIREMENT AGREEMENT
This Retirement Agreement ("Agreement"), is entered into by and between Stephen E. Frank ("SEF") an
individual, and Southern California Edison Co mpany ("SCE"), a corporation.
In consideration of the covenants undertaken and the releases contained in this Agreement and of SEF's
valued service
_____________
SOUTHERN CALIFORNIA EDISON CO – Frank]
----------------------- ----------------------------------------
Stephen E. Frank
[Rosemead] , California
---------------------------
I warrant and represent that I have the authority to execute this Agreement on behalf of SCE.
SOUTHERN CALIFORNIA EDISON CO MPANY
Dated: [12-18] , 2001 By [Frederick J. Grigsby, Jr.]
-------------------------------------------------
at Rosemead, California Its [V.P.]
---------------------------------------------------
Page 8
SPOUSE'S STATEMENT
I have
_____________
Southern California Edison Co – Lillian Frank]
-------------------------- ------------------------------------------
Lillian Frank
at [Los Angeles] , California.
-----------------------
WITNESSED BY:
Dated: [12-14] , 2001 [Lyneece James]
-------------------------- -----------------------------------------
Page 9
12-14, 2001
Edison International
Southern California Edison Co mpany
2244 Walnut Grove Avenue
Rosemead, California 91770
ATTENTION: Corporate Secretary
-------------------
Ladies and Gentlemen:
This is to advise you that effective January 1,
_____________
Southern California Edison Co – effective January 1, 2001, I hereby irrevocably and voluntarily elect to resign as
Chairman of the Board, President and Chief Executive Officer of Southern California Edison Co mpany ("SCE"), and
as a director of Edison International and SCE, and from all other officer and/or director positions held with
other
_____________
dt 170041
;
| Stephen E. Frank
|
| Preview
Full Doc | 2004 |
Letter Agreement Re: Retention Bonus Agreement
Letter Agreement Re: Retention Bonus Agreement (5K)
Doc #263444: Click preview link for longer preview.
October 7, 2003
PRIVILEGED AND CONFIDENTIAL
---------------------------
Mr. Jeffry E. Sterba
Chief Executive Officer
PNM Resources, Inc.
Alvarado Square, MS-3101
Albuquerque, NM 87158
Re: Retention Bonus Agreement
Dear Jeff:
In order to secure your continued commitment, we have decided to
provide you with an incentive bonus (the "Retention Bonus"), which is designed
to encourage you to remain a part of the PNM Resources, Inc. (the "Company") for
many years to come. The Retention Bonus has the following terms and conditions:
1. Amount of Bonus
---------------
The amount of the Retention Bonus will be the sum of $1,600,000 plus
any amounts forfeited pursuant to the PNM Resources, Inc. Executive Savings
Plan. The Retention Bonus will be paid out of the Company's general assets. It
will not be held in trust or in a separate account. You will not receive any
interest on this amount.
2. Conditions
----------
You will be eligible to receive the Retention Bonus if you continuously
work for the Company as Chief Executive Officer ("CEO") from the date of this
Agreement until the end of the calendar year in which you attain age 55, or upon
your death or "Disability," if earlier.
263444
|
PNM Resources
As referenced in this Letter Agreement Re: Retention Bonus Agreement:
PNM Resources, Inc – EXHIBIT 10.83
{TEXT}
Exhibit 10.83
Retention Plan Document
October 7, 2003
PRIVILEGED AND CONFIDENTIAL
---------------------------
Mr. Jeffry E. Sterba
Chief Executive Officer
PNM Resources, Inc .
Alvarado Square, MS-3101
Albuquerque, NM 87158
Re: Retention Bonus Agreement
Dear Jeff:
In order to secure your continued commitment, we have
_____________
PNM Resources, Inc – decided to
provide you with an incentive bonus (the "Retention Bonus"), which is designed
to encourage you to remain a part of the PNM Resources, Inc . (the "Company") for
many years to come. The Retention Bonus has the following terms and conditions:
1. Amount of Bonus
---------------
The amount
_____________
PNM Resources, Inc – of Bonus
---------------
The amount of the Retention Bonus will be the sum of $1,600,000 plus
any amounts forfeited pursuant to the PNM Resources, Inc . Executive Savings
Plan. The Retention Bonus will be paid out of the Company's general assets. It
will not be held in
_____________
PNM Resources, Inc – circumstances that constitute "Constructive Termination."
4. Definitions
-----------
The terms "Cause," "Constructive Termination" and "Disability" have the
same meaning as set forth in the PNM Resources, Inc . Officer Retention Plan, as
amended from time to time. Please let us know if you need a copy of that Plan.
5.
_____________
PNM RESOURCES, INC – so indicate by signing
and returning to me the enclosed copy of this letter, which will constitute our
binding agreement.
Very truly yours,
PNM RESOURCES, INC .
By: /s/ Robert M. Price
---------------------------------------------
Robert M. Price, Chairman of the Board
Governance and Human Resources Committee
Agreed:
/s/ Jeffry Sterba 10/
_____________
dt 143382
;
| Jeffry E. Sterba
|
| Preview
Full Doc | 2001 | |
APS
As referenced in this Participation Agreement:
ARIZONA PUBLIC SERVICE CO – The Parties to this Amendment No. 14 to the Arizona Nuclear Power
Project Participation Agreement, hereinafter referred to as "Amendment
No. 14," are: ARIZONA PUBLIC SERVICE CO MPANY, a corporation organized
and existing under and by virtue of the laws of the State of Arizona,
hereinafter referred to as "Arizona";
_____________
ARIZONA PUBLIC SERVICE CO – represent that they have been appropriately
authorized to enter into this Amendment No. 14 on behalf of the Party
for whom they sign.
ARIZONA PUBLIC SERVICE CO MPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
SALT RIVER PROJECT AGRICULTURAL
IMPROVEMENT AND POWER DISTRICT
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
ATTEST AND COUNTERSIGN:
By:
-------------------------------------
Its:
------------------------------------
Date:
-----------------------------------
SOUTHERN CALIFORNIA
_____________
ARIZONA PUBLIC SERVICE CO – this _____ day of _____________________, 1999, before me,
the undersigned Notary Public, personally appeared
______________________________ who acknowledged himself to be the
_________________________ of ARIZONA PUBLIC SERVICE CO MPANY, an Arizona
corporation, and that he as such officer, being authorized to do, executed the
foregoing instrument for the purposes therein contained
_____________
dt 169771
;
El Paso Electric
As referenced in this Participation Agreement:
EL PASO
ELECTRIC CO – a
corporation organized and existing under and by virtue of the laws of
the State of New Mexico, hereinafter referred to as "PNM"; EL PASO
ELECTRIC CO MPANY, a corporation organized and existing under and by
virtue of the laws of the State of Texas, hereinafter referred to as
"El
_____________
EL PASO ELECTRIC CO – Date:
-----------------------------------
SOUTHERN CALIFORNIA EDISON COMPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
Revised: 02/16/01
7
{PAGE}
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
EL PASO ELECTRIC CO MPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
SOUTHERN CALIFORNIA PUBLIC POWER
AUTHORITY, doing business in the
State of Arizona
as SOUTHERN CALIFORNIA PUBLIC POWER
AUTHORITY ASSOCIATION
_____________
EL PASO ELECTRIC CO – this _____ day of _____________________, 1999, before me,
the undersigned Notary Public, personally appeared
______________________________ who acknowledged himself to be the
_________________________ of EL PASO ELECTRIC CO MPANY, a Texas corporation, and
that he as such officer, being authorized to do, executed the foregoing
instrument for the purposes therein contained
_____________
dt 169886
;
|
Public Service
As referenced in this Participation Agreement:
PUBLIC SERVICE COMPANY OF NEW MEXICO – COMPANY, a corporation organized and existing under
and by virtue of the laws of the State of California, hereinafter
referred to as "Edison"; PUBLIC SERVICE COMPANY OF NEW MEXICO , a
corporation organized and existing under and by virtue of the laws of
the State of New Mexico, hereinafter referred to as "
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – DISTRICT
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
ATTEST AND COUNTERSIGN:
By:
-------------------------------------
Its:
------------------------------------
Date:
-----------------------------------
SOUTHERN CALIFORNIA EDISON COMPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
Revised: 02/16/01
7
{PAGE}
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
EL PASO ELECTRIC COMPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
SOUTHERN CALIFORNIA PUBLIC POWER
AUTHORITY, doing business in the
State of Arizona
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – this _____ day of _____________________, 1999, before me,
the undersigned Notary Public, personally appeared
______________________________ who acknowledged himself to be the
_________________________ of PUBLIC SERVICE COMPANY OF NEW MEXICO , a New Mexico
corporation, and that he as such officer, being authorized to do, executed the
foregoing instrument for the purposes therein
_____________
dt 169984
;
SCE
As referenced in this Participation Agreement:
SOUTHERN
CALIFORNIA EDISON CO – district
organized and existing under and by virtue of the laws of the State of
Arizona, hereinafter referred to as "Salt River Project"; SOUTHERN
CALIFORNIA EDISON CO MPANY, a corporation organized and existing under
and by virtue of the laws of the State of California, hereinafter
referred to as "Edison";
_____________
SOUTHERN CALIFORNIA EDISON CO – PUBLIC SERVICE COMPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
SALT RIVER PROJECT AGRICULTURAL
IMPROVEMENT AND POWER DISTRICT
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
ATTEST AND COUNTERSIGN:
By:
-------------------------------------
Its:
------------------------------------
Date:
-----------------------------------
SOUTHERN CALIFORNIA EDISON CO MPANY
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
Revised: 02/16/01
7
{PAGE}
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
---------------------------------
Its:
--------------------------------
Date:
-------------------------------
EL PASO ELECTRIC COMPANY
_____________
SOUTHERN CALIFORNIA EDISON CO – this _____ day of _____________________, 1999, before me,
the undersigned Notary Public, personally appeared
______________________________ who acknowledged himself to be the
_________________________ of SOUTHERN CALIFORNIA EDISON CO MPANY, a California
corporation, and that he as such officer, being authorized to do, executed the
foregoing instrument for the purposes therein contained
_____________
dt 170057
|
| Preview
Full Doc | 2003 | |
APS
As referenced in this Participation Agreement:
ARIZONA PUBLIC SERVICE CO – The Parties to this Amendment No. 14 to the Arizona Nuclear Power Project Participation Agreement, hereinafter referred to as Amendment No. 14, are: ARIZONA PUBLIC SERVICE CO MPANY, a corporation organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as Arizona;
_____________
ARIZONA PUBLIC SERVICE CO – represent that they have been appropriately authorized to enter into this Amendment No. 14 on behalf of the Party for whom they sign.
ARIZONA PUBLIC SERVICE CO MPANY
By:
/s/ James M. Lewis
Its:
Exec. VP Generation
Date:
3/31/00
SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT
By:
/
_____________
ARIZONA PUBLIC SERVICE CO – March, 2000, before me, the undersigned Notary Public, personally appeared James M. Lewis who acknowledged himself to be the Exec. Vice President of ARIZONA PUBLIC SERVICE CO MPANY, an Arizona corporation, and that he as such officer, being authorized to do, executed the foregoing instrument for the purposes therein contained
_____________
dt 169773
;
El Paso Electric
As referenced in this Participation Agreement:
EL PASO ELECTRIC CO – a corporation organized and existing under and by virtue of the laws of the State of New Mexico, hereinafter referred to as PNM; EL PASO ELECTRIC CO MPANY, a corporation organized and existing under and by virtue of the laws of the State of Texas, hereinafter referred to as El
_____________
EL PASO ELECTRIC CO – 20/00
7
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
/s/ Patrick J. Goodman
Its:
VICE PRESIDENT POWER PRODUCTION
Date:
4-19-00
EL PASO ELECTRIC CO MPANY
By:
/s/ John C. Horne
Its:
Vice President
Date:
5/11/00
SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY, doing business in the State
_____________
EL PASO ELECTRIC CO – of May, 2000, before me, the undersigned Notary Public, personally appeared John C. Horne who acknowledged himself to be the Vice President of EL PASO ELECTRIC CO MPANY, a Texas corporation, and that he as such officer, being authorized to do, executed the foregoing instrument for the purposes therein contained
_____________
dt 169889
;
|
Public Service
As referenced in this Participation Agreement:
PUBLIC SERVICE COMPANY OF NEW MEXICO – COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as Edison; PUBLIC SERVICE COMPANY OF NEW MEXICO , a corporation organized and existing under and by virtue of the laws of the State of New Mexico, hereinafter referred to as
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – AND COUNTERSIGN:
By:
Its:
Date:
SOUTHERN CALIFORNIA EDISON COMPANY
By:
/s/ Harold B. Ray
Its:
Executive Vice President
Date:
3/20/00
7
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
/s/ Patrick J. Goodman
Its:
VICE PRESIDENT POWER PRODUCTION
Date:
4-19-00
EL PASO ELECTRIC COMPANY
By:
/s/ John C.
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – 2000, before me, the undersigned Notary Public, personally appeared Patrick J. Goodman who acknowledged himself to be the Vice President, Power Prod. of PUBLIC SERVICE COMPANY OF NEW MEXICO , a New Mexico corporation, and that he as such officer, being authorized to do, executed the foregoing instrument for the purposes therein
_____________
Public Service Company of New Mexico – authorized to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by himself as such Public Service Company of New Mexico .
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
/s/ Barbara Baker
Notary Public
My Commission Expires:
6/23/02
_____________
dt 170003
;
SCE
As referenced in this Participation Agreement:
SOUTHERN CALIFORNIA EDISON CO – district organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as Salt River Project; SOUTHERN CALIFORNIA EDISON CO MPANY, a corporation organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as Edison;
_____________
SOUTHERN CALIFORNIA EDISON CO – PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT
By:
/s/ William P. Schroder
Its:
President
Date:
2/28/00
ATTEST AND COUNTERSIGN:
By:
Its:
Date:
SOUTHERN CALIFORNIA EDISON CO MPANY
By:
/s/ Harold B. Ray
Its:
Executive Vice President
Date:
3/20/00
7
PUBLIC SERVICE COMPANY OF NEW MEXICO
By:
/s/
_____________
SOUTHERN CALIFORNIA EDISON CO – March, 2000, before me, the undersigned Notary Public, personally appeared Harold B. Ray who acknowledged himself to be the Exec. Vice President of SOUTHERN CALIFORNIA EDISON CO MPANY, a California corporation, and that he as such officer, being authorized to do, executed the foregoing instrument for the purposes therein contained
_____________
dt 170059
|
| Full Doc | 2004 |
Compensation Arrangement for Interim President
Compensation Arrangement for Interim President (1K)
Doc #263705: This document is immediately available for purchase, but does not have a preview available for viewing.
{DOCUMENT}
{TYPE}EX-10.30.1
{SEQUENCE}15
{FILENAME}exh10301compagmt.txt
{TEXT}
Exhibit 10.30.1
Compensation Arrangement for Interim President
of Northeast Utilities
As Approved by the Compensation Committee of the NU Board of Trustees on
January 13, 2004, Effective as of January 1, 2004
The following supplemental compensation arrangement shall apply while Mr. C.
W. Shivery holds the position of interim President of Northeast Utilities:
o The Company shall provide Mr. Shivery a one-time payment of $7,500.
o The Company shall provide supplemental payments at the rate of $15,000
per month. These additional payments shall be included for benefit
program purposes and for determining the 2004 Annual Incentive
Program target payout, but shall not be used in determining the size of
the 2004 Long-Term Incentive Program grant.
o During Mr. Shivery's tenure as interim President, target and maximum
payout for the 2004 Annual Incentive Program shall be set at 80% and 160%,
respectively, of base pay (including the $15,000 per month supplemental
payments), and the Special Net Income Incentive Program described in his
employment agreement shall be suspended.
{/TEXT}
{/DOCUMENT}
263705
| Northeast Utilities;
| C. W. Shivery
|
| Preview
Full Doc | 2000 | |
APS
As referenced in this Participation Agreement:
ARIZONA PUBLIC SERVICE CO – The Parties to this Amendment No. 14 to the Arizona Nuclear Power Project
Participation Agreement, hereinafter referred to as "Amendment No. 14,"
are: ARIZONA PUBLIC SERVICE CO MPANY, a corporation organized and existing
under and by virtue of the laws of the State of Arizona, hereinafter
referred to as "Arizona";
_____________
ARIZONA PUBLIC SERVICE CO – represent that they have been appropriately
authorized to enter into this Amendment No. 14 on behalf of the Party for
whom they sign.
ARIZONA PUBLIC SERVICE CO MPANY
By: James M. Levine
------------------------------------
Its: Executive V.P., Generation
-----------------------------------
Date: 3-31-00
----------------------------------
SALT RIVER PROJECT AGRICULTURAL
IMPROVEMENT AND POWER DISTRICT
By:
_____________
ARIZONA PUBLIC SERVICE CO – March, 1999, before me, the undersigned Notary Public,
personally appeared James M. Levine who acknowledged himself to be the Executive
Vice President of ARIZONA PUBLIC SERVICE CO MPANY, an Arizona corporation, and
that he as such officer, being authorized to do, executed the foregoing
instrument for the purposes therein contained
_____________
dt 169883
;
El Paso Electric
As referenced in this Participation Agreement:
EL PASO ELECTRIC CO – a corporation organized and existing under and by
virtue of the laws of the State of New Mexico, hereinafter referred to as
"PNM"; EL PASO ELECTRIC CO MPANY, a corporation organized and existing under
and by virtue of the laws of the State of Texas, hereinafter referred to as
"El
_____________
EL PASO ELECTRIC CO – 25/00 8
{PAGE}
PUBLIC SERVICE COMPANY OF NEW MEXICO
By: Patrick J. Goodman
------------------------------------
Its: Vice President - Power Production
-----------------------------------
Date: 4-19-00
----------------------------------
EL PASO ELECTRIC CO MPANY
By: John C. Horne
------------------------------------
Its: Vice President
-----------------------------------
Date: 5-11-00
----------------------------------
SOUTHERN CALIFORNIA PUBLIC POWER
AUTHORITY, DOING BUSINESS IN THE STATE
OF
_____________
EL PASO ELECTRIC CO – of May, 2000, before me, the undersigned Notary Public,
personally appeared John C. Horne who acknowledged himself to be the Vice
President of EL PASO ELECTRIC CO MPANY, a Texas corporation, and that he as such
officer, being authorized to do, executed the foregoing instrument for the
purposes therein contained
_____________
dt 169914
;
|
Public Service
As referenced in this Participation Agreement:
PUBLIC SERVICE
COMPANY OF NEW MEXICO – COMPANY, a
corporation organized and existing under and by virtue of the laws of the
State of California, hereinafter referred to as "Edison"; PUBLIC SERVICE
COMPANY OF NEW MEXICO , a corporation organized and existing under and by
virtue of the laws of the State of New Mexico, hereinafter referred to as
"
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – 3-20-00
----------------------------------
ATTEST AND COUNTERSIGN
By: Beverly P. Ryder
-------------------------------------
Its: Corporate Secretary
------------------------------------
Date: 3-21-00
-----------------------------------
Revised: 01/25/00 8
{PAGE}
PUBLIC SERVICE COMPANY OF NEW MEXICO
By: Patrick J. Goodman
------------------------------------
Its: Vice President - Power Production
-----------------------------------
Date: 4-19-00
----------------------------------
EL PASO ELECTRIC COMPANY
By: John C. Horne
------------------------------------
Its:
_____________
PUBLIC SERVICE COMPANY OF NEW MEXICO – 2000, before me, the undersigned Notary Public,
personally appeared Patrick J. Goodman who acknowledged himself to be the Vice
President, Power Prod. of PUBLIC SERVICE COMPANY OF NEW MEXICO , a New Mexico
corporation, and that he as such officer, being authorized to do, executed the
foregoing instrument for the purposes therein
_____________
Public Service Company of New Mexico – authorized to do, executed the
foregoing instrument for the purposes therein contained by signing the name of
the company by himself as such Public Service Company of New Mexico .
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Barbara Baker
--------------------------------
Notary Public
My Commission Expires:
6-23-02
--------------------
STATE
_____________
dt 170010
;
SCE
As referenced in this Participation Agreement:
SOUTHERN CALIFORNIA EDISON CO – district organized and existing
under and by virtue of the laws of the State of Arizona, hereinafter
referred to as "Salt River Project"; SOUTHERN CALIFORNIA EDISON CO MPANY, a
corporation organized and existing under and by virtue of the laws of the
State of California, hereinafter referred to as "Edison";
_____________
SOUTHERN CALIFORNIA EDISON CO – William P. Schrader
------------------------------------
Its: President
-----------------------------------
Date: 2-28-00
----------------------------------
ATTEST AND COUNTERSIGN:
By: Terrill A. Lonon
-------------------------------------
Its: Corporate Secretary
------------------------------------
Date: 2-28-00
-----------------------------------
SOUTHERN CALIFORNIA EDISON CO MPANY
By: Harold B. Ray
------------------------------------
Its: Executive Vice President
-----------------------------------
Date: 3-20-00
----------------------------------
ATTEST AND COUNTERSIGN
By: Beverly P. Ryder
-------------------------------------
Its: Corporate Secretary
------------------------------------
_____________
SOUTHERN CALIFORNIA EDISON CO – March, 2000, before me, the undersigned Notary Public,
personally appeared Harold B. Ray who acknowledged himself to be the Exec. Vice
President of SOUTHERN CALIFORNIA EDISON CO MPANY, a California corporation, and
that he as such officer, being authorized to do, executed the foregoing
instrument for the purposes therein contained
_____________
dt 170063
|
| Preview
Full Doc | 2004 |
Restricted Stock Agreement
Restricted Stock Agreement (9K)
Doc #295891: Click preview link for longer preview.
RESTRICTED STOCK AGREEMENT
This Restricted Stock Agreement (the "Agreement"), dated as of
____________, 200_, between Unitil Corporation (the "Company") and
______________, an employee of the Company (the "Employee").
WITNESSETH THAT:
WHEREAS, the Company maintains the Unitil Corporation 2003 Restricted Stock
Plan (the "Plan"); and
WHEREAS, the Compensation Committee (the "Committee") of the Board of
Directors of the Company has approved the grant of an Award of Restricted Stock
to the Employee upon the terms and subject to the conditions of the Plan and
this Agreement;
NOW, THEREFORE, IT IS AGREED, by and between the Company and the Employee
as follows:
1. Grant of Award. The Company hereby grants to the Employee an Award of
___________ shares (the "Restricted Shares") of the Company's common stock, no
par value (the "Shares"), upon the terms and subject to the conditions set forth
in this Agreement and the Plan. The Plan is hereby incorporated herein by
reference as a |