Document:

Exhibit

Exhibit 10(e)1

December 11, 2014

Mr. Chip Troxclair
1630 Westshore Drive
Houston, Texas 77094

Dear Chip:

We are pleased to extend you a conditional offer of employment for the position of Vice President - Kemper Development.  You will be an officer of Mississippi Power Company and report directly to Ed Holland, and your expected start date will be January 2, 2015.

The terms and conditions of your employment are as follows:

		
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	An annual base salary of $600,000 to be paid on a bi-weekly basis in accordance with the Company's normal payroll practices.

		
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	Participation in the Company's annual variable pay plan; the Performance Pay Program (PPP). Your Target Award under this plan is 100% of annual base salary. The actual amount of any award you may receive can range from 0-200% of target based upon company, business unit and individual performance.

		
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	A signing bonus of $275,000 payable within 30 days from date of hire.

		
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	Payment of all reasonable travel and commuting expenses related to the Kemper Project, including use of System Air for commuting between Houston/Charlotte and Meridian.  As appropriate, such expense repayments will be grossed-up where subject to personal income tax.

		
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	Participation in the capital accumulation plans sponsored by the Company for similarly situated employees including the Southern Company Employee Savings Plan, the Southern Company Supplemental Benefit Plan and the Southern Company Deferred Compensation Plan pursuant to the terms and eligibility requirement of those plans.

		
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	You will receive paid holidays (10 per year) and 20 days (160 hours) of vacation.

		
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	Safe and effective completion bonus as described in Attachment 1.

Southern Company strictly prohibits its employees from using or disseminating any confidential information of a prior employer and related materials while employed by Southern Company.  We are hereby advising you that Southern Company does not want such confidential information nor does Southern Company want you to utilize such information while employed at Southern Company. By signing this letter, you agree that to the extent that you have any confidential information from any previous employer or any of its affiliated companies, you will not use, disclose or disseminate that confidential information, directly or indirectly, while employed by Southern Company. You further agree that all confidential records, documents, and similar items of your former employer shall not be utilized while employed with Southern Company

This offer is contingent upon you successfully meeting Southern Company's employment requirements which include, but are not limited to, verification of your application, a satisfactory background investigation and drug screen. We will contact you to confirm your start date after these employment requirements have been completed.

Your medical coverage begins on your first day of employment. You will receive information from our Employee Service Center within 10 days of your start date that provides directions on enrolling for your benefits coverages.  In the interim, if you need medical attention, you will be covered under a basic benefit plan which consists of medical, long-term disability, and non-contributory life insurance.

We look forward to having you as part of our team!  If you have any questions, please don't hesitate to contact me.

Sincerely,

/s/G. Edison Holland

SOUTHERN COMPANY
ATTACHMENT 1

For purposes of this letter agreement, it is agreed that the Executive's entitlement to all or part of the target bonus for safe and effective completion of the Kemper Project (as defined below) will include  the following  considerations, as determined in the sole discretion of the chief executive officer  ("CEO") of Mississippi Power  Company (the "Company").

		
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	Adherence to all policies, procedures, regulation  and laws of and applicable to the Company, including without limitation:

—   Ethical and Legal Compliance Expectations
—   Equal Employment/ Harassment
—   Workplace Threats and Violence 
—   Electronic Communications 
—   Safety and  the Environment
—   Drugs and Alcohol
—   Conflict of Interest

		
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	Consistent commitment to the Company's standards of personal and workplace safety, process safety management and ethical conduct, as exhibited through tone from the top communications and behaviors, and effective execution of related policies and  practices

•"Completion" of the Kemper Project shall occur when Kemper IGCC is placed in service.

The  following schedule reflects the target bonus payable to Executive upon authorization of the CEO following Completion of the Kemper Project as of the listed dates:

	
			
	 
	On or before October 31, 2015
	up to $1,000,000

	 
	On or before November 30, 2015
	up to  $900,000

	 
	On or before December 31, 2015
	up to   $800,000

	 
	On or before January 31, 2016
	up to   $700,000

	 
	On or before February 29, 2016
	up to   $600,000

	 
	On or before March 31,2016
	up to   $500,000

Any bonus  payment  authorized by the CEO shall be paid no later than thirty (30) days following Completion of the Kemper Project.Exhibit

Exhibit 10(e)2
PERFORMANCE AWARD AGREEMENT

THIS    PERFORMANCE AWARD AGREEMENT (the "Agreement"), made and entered into by and between Southern Company Services, Inc. (the "Company") and Emile J. Troxclair III ("Employee"), shall be effective as of January 3, 2015 (the "Effective Date"). 
W I T N E S S E T H:

WHEREAS, Employee is Senior Vice President for the Company and his services are critical to the successful safe and effective completion of the Integrated Coal Gasification Combined Cycle facility in Kemper County, Mississippi (the “Project”);

WHEREAS, the Company desires to provide an opportunity for Employee to earn a performance-based award upon the successful completion of the Project on or before March 31, 2016 under the following terms;

NOW, THEREFORE, in consideration of the premises, and the agreement of the parties set forth in the Agreement, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows: 

1.     Performance Award Amount.  If Employee remains actively employed in his position as of the Effective Date in support of the Project through the date the Project is placed in service (“Project Completion Date”), Employee shall become vested in the following amount provided the applicable Performance Conditions set forth in Section 2 below are met:

	
		
	Performance Award Amount
	Project Completion Date

	 
	 

	Up to $1,000,000
	On or before October 31, 2015

	Up to $900,000
	On or before November 30, 2105

	Up to $800,000
	On or before December 31, 2015

	Up to $700,000
	On or before January 31, 2016

	Up to $600,000
	On or before February 29, 2016

	Up to $500,000
	On or before March 31, 2016

The Performance Awards under this Paragraph 1 shall be treated as awards of Cash-Based Awards under the Southern Company Omnibus Incentive Compensation Plan (the "Omnibus Plan") and therefore, governed by the terms of that plan.  

2.    Performance Conditions.  The following performance conditions shall be applicable to the Award Amounts set forth above:

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	(a)
	In addition to completion by the applicable Performance Completion Date, entitlement to the applicable Cash-Based Award Amount shall be based on the safe and effective completion of the Project and will include the following considerations:  

		
	(i)
	Adherence to all policies, procedures, regulation and laws of and applicable to the Company, including without limitation: 

		
	•
	Ethical and Legal Compliance Expectations

		
	•
	Equal Employment / Harassment

		
	•
	Workplace Threats and Violence

		
	•
	Electronic Communications

		
	•
	Safety and the Environment

		
	•
	Drugs and Alcohol

		
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	Conflict of Interest 

		
	(ii)
	Consistent commitment to the Company’s standards of personal and workplace safety, process safety management and ethical conduct, as exhibited through tone from the top communications and behaviors, and effective execution of related policies and practices.

		
	(b)
	Determination of the degree of satisfaction of the Performance Conditions, including a determination of the Project Completion Date, shall be made solely by the Chief Executive Officer of Mississippi Power Company (“CEO”).  The determination of the degree of satisfaction of the Performance Conditions shall be made within thirty (30) days following the Project Completion Date.  The date the determination is made is referred to as the “Determination Date.”

3.    Vesting and Payment of Performance Award.

(a)  Generally.   If the CEO determines that the Performance Conditions have been met fully or in part, the Performance Award Amount shall be determined by the CEO and such amount shall vest on the Determination Date.  Unless modified by the provisions set forth in Paragraphs 3(b) or 3(c), the vested Performance Award, or any portion thereof that has not been deferred as provided in Section 3(c), shall be paid in cash to Employee in a lump sum within 45 days following vesting (the "Scheduled Payment Date"). 

(b)  Death.  If Employee dies after the Performance Award has vested and prior to the Scheduled Payment Date, the applicable award amount, except any amount deferred under Section 3(c), shall be paid to Employee’s estate.  

		
	(c)
	Deferral of Payout.  Employee may elect to defer payout of any portion of the vested Performance Award into the Southern Company Deferred Compensation Plan (the “DCP”) so long as such deferral does not violate either the provisions of Section 409A of the Internal Revenue Code or the terms of the DCP, including provisions in

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the DCP concerning the timing and form of elections.  A vested Performance Award hereunder shall be considered an “Incentive Award” under the terms of the DCP.

4.    Amendment and/or Termination of the Agreement.  The Agreement terminates when all amounts have been paid or forfeited pursuant to Section 3.  Notwithstanding the preceding sentence, the Employee and the Company may mutually agree to amend or terminate the Agreement prior to the end of the term only by written agreement signed by each party. 

5.    Confidentiality.  Employee represents and agrees that he will keep all terms and provisions of the Agreement completely confidential, except for possible disclosures to his legal and financial advisors and his spouse or to the extent required by law, and Employee further agrees that he will not disclose the terms, provisions or information contained in or concerning the Agreement to anyone other than those persons named above, including, but not limited to, any past, present or prospective employee or applicant for employment with the Company or any affiliate of the Company.  The Agreement is not intended in any way to proscribe Employee's right and ability to provide information to any federal, state or local government in the lawful exercise of such governments' governmental functions.     

6.    Assignability.  Neither Employee, his estate, his beneficiaries nor his legal representatives shall have any rights to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the rights thereto are expressly declared to be nonassignable and nontransferable.  Any attempt to assign or transfer the right to payments under the Agreement shall be void and have no effect. 

7.    Unsecured General Creditor.  The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under the Agreement, and such obligations shall be paid solely from the general assets of the Company.  Notwithstanding that Employee may be entitled to receive payments under the terms and conditions of the Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company's creditors. 

8.    No Effect on Other Arrangements.  It is expressly understood and agreed that any payments made in accordance with the Agreement are in addition to any other benefits or compensation to which Employee may be entitled or for which he may be eligible, whether funded or unfunded, due to his employment with the Company. 

9.    Compensation.  Any compensation paid to Employee pursuant to the Agreement shall not be considered "compensation" as the term is defined in The Southern Company Employee Savings Plan, or "earnings" as such term is defined in The Southern Company Pension Plan.  Except as provided in Section 3(c), a Performance Award paid to Employee shall not be considered wages, salaries or compensation under any other Company-sponsored employee benefit or compensation plan or program, unless the explicit terms of such plan or program provides otherwise. 

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10.    No Guarantee of Employment.  No provision of the Agreement shall be construed to affect in any manner the existing rights of the Company to suspend, terminate, alter or modify, whether or not for cause, the Employee’s employment relationship with the Company.

11.    Governing Law.  The Agreement, and all rights under it, shall be governed by and construed in accordance with the laws of the State of Mississippi, without giving effect to principles of conflicts of laws. 

IN WITNESS WHEREOF, the Agreement has been executed by the parties above, this 18th day of December 2014.

	
			
	 
	COMPANY

	 
	 
	 

	 
	/s/G. Edison Holland Jr.

	 
	By:
	G. Edison Holland Jr.

	 
	Its:
	President and CEO

	 
	 
	 

	 
	EMPLOYEE

	 
	 
	 

	 
	/s/Emile J. Troxclair

	 
	Emile J. Troxclair

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