Document:

Exhibit
10.40

 

THIRD
AMENDMENT TO THE

MIRANT
SERVICES

SUPPLEMENTAL
BENEFIT PLAN

 

WHEREAS,
Mirant Services, LLC (the “Company”) heretofore adopted the Mirant Services
Supplemental Benefit Plan (the “Plan”), effective January 1, 2001 to provide
certain retirement and other deferred compensation benefits primarily for a
select group of management or highly compensated employees; and

 

WHEREAS,
pursuant to Section 6.2 of the Plan, the Board of Managers of the Company (the “Board”)
has the authority to amend the Plan; and

 

WHEREAS,
the Board has delegated its authority to amend the Plan, provided such
amendment does not have a material effect on the cost of the Plan, to the
Americas Benefits Committee (the “Committee”); and

 

WHEREAS,
the Committee desires to remove all references to a “Change in Control” from
the Plan effective as of August 27, 2004; and

 

WHEREAS,
the Committee has determined that the above amendment would not have a material
effect on the cost of the Plan.

 

NOW,
THEREFORE, the Committee hereby amends the Plan as follows,
to be effective as of August 27, 2004:

 

I.

 

Section
2.5 of the Plan is hereby amended in its entirety to read as follows:

 

“2.5         [Deleted]”

 

II.

 

Section
5.8 of the Plan is hereby amended in its entirety to read as follows:

 

“5.8         [Deleted]”

 

III.

 

Section
6.2 of the Plan is hereby amended in its entirety to read as follows:

 

“6.2         Amendment and Termination.  The Plan may be amended or terminated at any
time by the Board of Managers, provided that no amendment or termination shall
cause a forfeiture or reduction in any benefits accrued as of the date of such
amendment or termination. The Plan may 

 

 

also be amended by the
Committee (a) if such amendment does not involve a substantial increase in cost
to the Employing Companies, or (b) as may be necessary, proper, or desirable in
order to comply with laws or regulations enacted or promulgated by any federal
or state governmental authority.”

 

IV.

 

All parts
of the Plan not inconsistent here with are hereby ratified and confirmed.

 

IN WITNESS
WHEREOF, Mirant Services, LLC, through its duly authorized
officer pursuant to a unanimous consent of the Committee dated September 29,
2004, has adopted this Third Amendment to the Mirant Services Supplemental
Benefit Plan on this 29th day of September, 2004, to be effective August 27,
2004.

 

	
   

  	
  MIRANT SERVICES, LLC:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Vance
  N. Booker

  
	
   

  	
   

  	
  SVP,
  Administration

  

 

2Exhibit
10.41

 

THIRD
AMENDMENT TO THE

MIRANT
SERVICES

SUPPLEMENTAL
COMPENSATION PLAN

 

WHEREAS,
on March 28, 2001, Mirant Services, LLC (the “Company”) adopted the Mirant
Services Supplemental Compensation Plan (the “Plan”), to compensate a specific
group of Employees for their loss of eligibility for benefits under the Mirant
Services Supplemental Executive Retirement Plan and the Mirant Services
Supplemental Benefit Plan following the spin-off of Mirant Corporation from The
Southern Company; and

 

WHEREAS,
pursuant to Section 6.3 of the Plan, the Board of Managers of the Company (the “Board”)
has the authority to amend the Plan; and

 

WHEREAS,
the Board has delegated its authority to amend the Plan, provided such
amendment does not have a material effect on the cost of the Plan, to the
Americas Benefits Committee (the “Committee”); and

 

WHEREAS,
the Committee desires to amend the Plan to remove all references to a “Change
in Control” from the Plan effective as of August 27, 2004; and

 

WHEREAS,
the Committee has determined that the above amendment would not have a material
effect on the cost of the Plan.

 

NOW,
THEREFORE, the Committee hereby amends the Plan as follows,
to be effective as of August 27, 2004:

 

I.

 

Section
1.5 of the Plan is hereby amended in its entirety to read as follows:

 

“2.5         [Deleted]”

 

II.

 

Section
4.4 of the Plan is hereby amended in its entirety to read as follows:

 

“4.4         [Deleted]”

 

III.

 

Section
6.3 of the Plan is hereby amended in its entirety to read as follows:

 

“6.3         Amendment and Termination.  The Plan may be amended, modified, or
terminated by the Board of Managers in its sole discretion at any time and from
time to time.  However, no amendment or
termination shall cause a forfeiture or reduction in any accrued benefits as of
the date of such amendment or termination. 
This Plan shall terminate on March 31, 2006, unless earlier terminated
by the Board of Managers.”

 

 

IV.

 

All parts
of the Plan not inconsistent here with are hereby ratified and confirmed.

 

IN
WITNESS WHEREOF, Mirant Services, LLC, through its duly
authorized officer pursuant to a unanimous consent of the Committee dated
September 29, 2004, has adopted this Third Amendment to the Mirant Services
Supplemental Compensation Plan on this 29th day of September, 2004, to be effective
August 27, 2004.

 

	
   

  	
  MIRANT SERVICES, LLC:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Vance
  N. Booker

  
	
   

  	
   

  	
  SVP,
  Administration

  

 

2Exhibit
10.42

 

FOURTH
AMENDMENT TO THE

AMENDED AND RESTATED

MIRANT SERVICES

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 

WHEREAS,
Mirant Services, LLC (the “Company”) heretofore adopted the Mirant Services
Supplemental Executive Retirement Plan (the “Plan”), effective June 25, 1998,
and subsequently amended and restated the Plan effective as of April 2, 2001;
and

 

WHEREAS, the
Board of Managers has delegated its authority to amend the Plan, provided such
amendment does not have a material effect on the cost of the Plan, to the
Americas Benefits Committee (the “Committee”); and

 

WHEREAS,
the Committee desires to remove all references to a “Change in Control” from
the Plan effective as of August 27, 2004; and

 

WHEREAS,
the Committee has determined that the above amendments would not have a
material effect on the cost of the Plan.

 

NOW,
THEREFORE, the Committee hereby amends the Plan as follows,
to be effective as of August 27, 2004:

 

I.

 

Section
2.8 of the Plan is hereby amended in its entirety to read as follows:

 

“2.8         [Deleted]”

 

II.

 

Section
5.8 of the Plan is hereby amended in its entirety to read as follows:

 

“5.8         [Deleted]”

 

III.

 

Section
6.2 of the Plan is hereby amended in its entirety to read as follows:

 

“6.2         Amendment
and Termination. 
The Plan may be amended or terminated at any time by the Board of
Managers, provided that no amendment or termination shall cause a forfeiture or
reduction in any Accrued SERP Benefits as of the date of such amendment or
termination.”

 

 

IV.

 

Except as amended herein by this Fourth Amendment, the
Plan shall remain in full force and effect as amended by the Company prior to
the adoption of this Fourth Amendment.

 

IN
WITNESS WHEREOF, Mirant Services, LLC, through its duly
authorized officer pursuant to a unanimous consent of the Committee dated
September 29, 2004, has adopted this Fourth Amendment to the Mirant Services
Supplemental Executive Retirement Plan on this 29th day of September, 2004, to
be effective August 27, 2004.

 

	
   

  	
  MIRANT SERVICES, LLC:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Vance
  N. Booker

  
	
   

  	
   

  	
  SVP,
  Administration

  

 

2Exhibit 10.43

 

THIRD AMENDMENT TO THE

MIRANT CORPORATION

DEFERRED COMPENSATION PLAN

FOR DIRECTORS AND SELECT EMPLOYEES

 

WHEREAS,
Mirant Corporation (the “Company”) heretofore adopted the Mirant Corporation
Deferred Compensation Plan for Directors and Select Employees (the “Plan”),
effective September 27, 2000, and subsequently amended and restated the Plan
effective April 2, 2001; and

 

WHEREAS,
pursuant to Section 11.1 of the Plan, the Board of Directors of the Company
(the “Board”) has the authority to amend the Plan; and

 

WHEREAS, the
Board has delegated its authority to amend the Plan, provided such amendment
does not have a material effect on the cost of the Plan, to the Americas
Benefits Committee (the “Committee”); and

 

WHEREAS,
the Committee desires to amend the Plan to remove all references to a “Change
in Control” from the Plan effective as of August 27, 2004; and

 

WHEREAS,
the Committee has determined that the above amendment would not have a material
effect on the cost of the Plan.

 

NOW,
THEREFORE, the Committee hereby amends the Plan as follows,
to be effective as of August 27, 2004:

 

I.

 

Section
1.3 of the Plan is hereby amended in its entirety to read as follows:

 

“1.3         [Deleted]”

 

II.

 

Section
8 of the Plan is hereby amended in its entirety to read as follows:

 

“SECTION 8

[Deleted]”

 

III.

 

Section
9.7 of the Plan is hereby amended in its entirety to read as follows:

 

“9.7                           [Deleted]”

 

 

IV.

 

Section
11.1 of the Plan is hereby amended in its entirety to read as follows:

 

“11.1                     Amendment of the Plan

 

Subject to the provisions
of Section 11.3 herein, the Plan may be wholly or partially amended or
otherwise modified at any time by written action of the Board of Directors.”

 

V.

 

Except
as amended herein by this Third Amendment, the Plan shall remain in full force
and effect as amended by the Company prior to the adoption of this Third
Amendment.

 

IN
WITNESS WHEREOF, Mirant Corporation, through its duly
authorized officer pursuant to a unanimous consent of the Committee dated
September 29, 2004, has adopted this Third Amendment to the Mirant Corporation
Deferred Compensation Plan for Directors and Select Employees on this 29th day
of September, 2004, to be effective August 27, 2004.

 

	
   

  	
  MIRANT CORPORATION:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Vance
  N. Booker

  
	
   

  	
   

  	
  SVP,
  Administration

  

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]